Jonathan Wong
The Latest
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Spotify Trims Workforce by 17%, CEO Ek Cites Need for Efficiency Amid Economic Shifts
Spotify, the renowned music streaming service, announced a significant reduction of its workforce. CEO Daniel Ek informed staff that approximately 17% of the company's employees, equating to roughly 1,500 jobs, will be let go. 
Spotify, the renowned music streaming service, announced a significant reduction of its workforce. CEO Daniel Ek informed staff that approximately 17% of the company's employees, equating to roughly 1,500 jobs, will be let go. -
Pfizer Halts Development of Promising Obesity Pill Amid Disappointing Trial Results
This development marks a major blow to Pfizer's aspirations of entering the rapidly growing obesity treatment market, which analysts project could reach $100 billion by the end of this decade. 
This development marks a major blow to Pfizer's aspirations of entering the rapidly growing obesity treatment market, which analysts project could reach $100 billion by the end of this decade. -
Luxury Brands Struggle Amid Economic Slowdown: Morgan Stanley Downgrades LVMH, Ending Six-Year Bullish Stance
On December 1, Morgan Stanley downgraded LVMH Group's rating from "Overweight" to "Equal-weight," setting a target price of 790 euros. This marks the first time in six years that Morgan Stanley has downgraded LVMH's rating. 
On December 1, Morgan Stanley downgraded LVMH Group's rating from "Overweight" to "Equal-weight," setting a target price of 790 euros. This marks the first time in six years that Morgan Stanley has downgraded LVMH's rating. -
Binance to End Support for BUSD Stablecoin Amid Major Ecosystem Changes
Binance, the world's leading cryptocurrency exchange by trading volume, has announced a significant shift in its ecosystem. The company is set to discontinue support for its BUSD stablecoin, starting from December 15, 2023. 
Binance, the world's leading cryptocurrency exchange by trading volume, has announced a significant shift in its ecosystem. The company is set to discontinue support for its BUSD stablecoin, starting from December 15, 2023. -
General Motors Faces $9.3 Billion Surge in Costs Due to New Union Agreements
General Motors (GM) has projected that its new labor agreements with the United Auto Workers (UAW) and Canadian union Unifor will escalate its operational costs by $9.3 billion. 
General Motors (GM) has projected that its new labor agreements with the United Auto Workers (UAW) and Canadian union Unifor will escalate its operational costs by $9.3 billion. -
Justin Sun Defends Tron Amidst Allegations of Terrorist Financing
Justin Sun, the founder of the Tron blockchain, has swiftly responded to allegations that the network is being used to finance terrorist activities. These claims have adversely impacted the value of TRON, the network's native cryptocurrency, and TrueUSD (TUSD), its associated stablecoin. 
Justin Sun, the founder of the Tron blockchain, has swiftly responded to allegations that the network is being used to finance terrorist activities. These claims have adversely impacted the value of TRON, the network's native cryptocurrency, and TrueUSD (TUSD), its associated stablecoin. -
Binance Founder CZ Refutes U.S. Travel Ban Reports with Cryptic Response
Changpeng Zhao (CZ), the founder of cryptocurrency exchange Binance, has offered a cryptic response to reports claiming he is barred from leaving the United States. 
Changpeng Zhao (CZ), the founder of cryptocurrency exchange Binance, has offered a cryptic response to reports claiming he is barred from leaving the United States. -
Investment Titan Charlie Munger Dies at 99, Marking End of an Era
Charlie Munger, the esteemed vice chairman of Berkshire Hathaway and long-time confidant and partner of Warren Buffett, passed away at age 99. 
Charlie Munger, the esteemed vice chairman of Berkshire Hathaway and long-time confidant and partner of Warren Buffett, passed away at age 99. -
Bob Iger Charts Optimistic Course for Disney’s Future at Town Hall
Walt Disney Co. CEO Bob Iger conveyed a message of optimism and confidence to the company's employees, acknowledging the challenges he faced since his return but underscoring his commitment to the entertainment giant's future. 
Walt Disney Co. CEO Bob Iger conveyed a message of optimism and confidence to the company's employees, acknowledging the challenges he faced since his return but underscoring his commitment to the entertainment giant's future. -
Record Black Friday Turnout Signals Robust Holiday Shopping Season
The recent Black Friday weekend in the United States marked a significant surge in shopping activity, with a record-breaking 200.4 million people participating in the annual retail frenzy, as reported by the National Retail Federation (NRF). 
The recent Black Friday weekend in the United States marked a significant surge in shopping activity, with a record-breaking 200.4 million people participating in the annual retail frenzy, as reported by the National Retail Federation (NRF).
