Jonathan Wong
The Latest
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Berkshire Hathaway Buys Additional Shares in Occidental Petroleum Amid Oil Price Slump
Berkshire Hathaway, led by Warren Buffett, has increased its stake in Occidental Petroleum, purchasing approximately 10.5 million shares for a total of about $590 million from Monday to Wednesday this week, as per a document filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday evening. 
Berkshire Hathaway, led by Warren Buffett, has increased its stake in Occidental Petroleum, purchasing approximately 10.5 million shares for a total of about $590 million from Monday to Wednesday this week, as per a document filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday evening. -
Morgan Stanley Predicts a 'Very Good' Year for Memory Chip Market in 2024
The memory chip industry, having weathered a harsh winter, is now poised for a period of cyclical demand improvement. In a report released on Wednesday, Morgan Stanley has once again raised its expectations for memory chip price increases, noting that U.S. memory stocks are now much cheaper than in the previous cycle when viewed from an adjusted earnings per share perspective 
The memory chip industry, having weathered a harsh winter, is now poised for a period of cyclical demand improvement. In a report released on Wednesday, Morgan Stanley has once again raised its expectations for memory chip price increases, noting that U.S. memory stocks are now much cheaper than in the previous cycle when viewed from an adjusted earnings per share perspective -
Macy's Shares Surge Amid $5.8 Billion Buyout Proposal
Macy's, the iconic US department store, experienced a significant surge in its stock prices following reports of a potential $5.8 billion buyout deal. An investor group, including Brigade Capital Management and Arkhouse Management, has reportedly offered $21 per share for the retailer, a substantial increase over the closing price of $17.39 on the Friday before the news broke. 
Macy's, the iconic US department store, experienced a significant surge in its stock prices following reports of a potential $5.8 billion buyout deal. An investor group, including Brigade Capital Management and Arkhouse Management, has reportedly offered $21 per share for the retailer, a substantial increase over the closing price of $17.39 on the Friday before the news broke. -
British Sports Brand Castore Secures £145 Million in Funding, Yet to Focus on Chinese Market
British high-end sports apparel brand Castore, known for its rapid growth, has once again caught the attention of the capital market with its latest financing round of over £100 million. 
British high-end sports apparel brand Castore, known for its rapid growth, has once again caught the attention of the capital market with its latest financing round of over £100 million. -
Occidental Petroleum to Buy CrownRock in $12 Billion Deal to Boost Permian Operations
Occidental Petroleum, a major player in the U.S. energy sector, has made a significant move by agreeing to acquire CrownRock, a leading energy producer in the Permian Basin, for a staggering $12 billion. 
Occidental Petroleum, a major player in the U.S. energy sector, has made a significant move by agreeing to acquire CrownRock, a leading energy producer in the Permian Basin, for a staggering $12 billion. -
CZ of Binance Confined in the U.S. Pending Sentencing
Changpeng Zhao (CZ), the illustrious founder and former CEO of the international cryptocurrency exchange Binance, has been mandated to remain in the United States until his sentencing in February 2024. This decision follows CZ's guilty plea to a charge of violating the Bank Secrecy Act. 
Changpeng Zhao (CZ), the illustrious founder and former CEO of the international cryptocurrency exchange Binance, has been mandated to remain in the United States until his sentencing in February 2024. This decision follows CZ's guilty plea to a charge of violating the Bank Secrecy Act. -
Alphabet's Stock Soars 6.5% Amid Positive Reception of New AI Model Gemini
On Thursday, Alphabet, the parent company of Google, saw its stock surge by 6.5% during trading hours, marking its largest intraday percentage gain since July and adding over $80 billion to its market value. 
On Thursday, Alphabet, the parent company of Google, saw its stock surge by 6.5% during trading hours, marking its largest intraday percentage gain since July and adding over $80 billion to its market value. -
US Congress Delays TikTok Legislation Amid Security Concerns
The United States Congress has decided not to pursue legislation this year that could potentially address concerns around foreign-owned applications like TikTok, which have been under scrutiny for national security reasons. 
The United States Congress has decided not to pursue legislation this year that could potentially address concerns around foreign-owned applications like TikTok, which have been under scrutiny for national security reasons. -
Wells Fargo CEO Announces Upcoming Job Cuts and Hefty Severance Expenses
Wells Fargo, the fourth-largest bank in the U.S. by assets, is bracing for substantial layoffs, with CEO Charlie Scharf revealing plans for significant severance expenses in the fourth quarter. 
Wells Fargo, the fourth-largest bank in the U.S. by assets, is bracing for substantial layoffs, with CEO Charlie Scharf revealing plans for significant severance expenses in the fourth quarter. -
NVIDIA to Establish AI Factory Network in Japan, Prioritizing GPU Demand
NVIDIA CEO Jensen Huang announced plans to collaborate with Japanese research institutions and companies to establish an ecosystem for artificial intelligence technology in Japan. This initiative aims to meet the country's demand for AI powered by GPUs (Graphics Processing Units). 
NVIDIA CEO Jensen Huang announced plans to collaborate with Japanese research institutions and companies to establish an ecosystem for artificial intelligence technology in Japan. This initiative aims to meet the country's demand for AI powered by GPUs (Graphics Processing Units).
