Jonathan Wong
The Latest
-
Macy's Faces $6.6 Billion Buyout Offer as Retailer Announces Major Store Closures
In a dramatic turn of events in the retail world, hedge funds Arkhouse Management and Brigade Capital Management have upped their bid to take over the iconic department store chain Macy's, offering a staggering $6.6 billion. 
In a dramatic turn of events in the retail world, hedge funds Arkhouse Management and Brigade Capital Management have upped their bid to take over the iconic department store chain Macy's, offering a staggering $6.6 billion. -
JetBlue Abandons $3.8 billion Spirit Merger Amid Regulatory Turbulence, Charts Independent Course
JetBlue Airways has officially terminated its ambitious $3.8 billion acquisition of Spirit Airlines, marking a significant retreat in the face of formidable legal and regulatory headwinds. 
JetBlue Airways has officially terminated its ambitious $3.8 billion acquisition of Spirit Airlines, marking a significant retreat in the face of formidable legal and regulatory headwinds. -
EU Levies Record $2 Billion Antitrust Fine on Apple Over Spotify Dispute
The European Union imposed a significant €1.84 billion ($2 billion) antitrust fine on Apple, marking the company's first such penalty from the bloc. 
The European Union imposed a significant €1.84 billion ($2 billion) antitrust fine on Apple, marking the company's first such penalty from the bloc. -
Reddit Aims for $6.5 Billion Valuation in Awaited IPO, Reveals Financial Health and Growth Strategy
Reddit is gearing up for a significant milestone in its corporate journey, with plans to go public seeking a valuation of up to $6.5 billion, according to insiders. 
Reddit is gearing up for a significant milestone in its corporate journey, with plans to go public seeking a valuation of up to $6.5 billion, according to insiders. -
Boeing Grapples with New FAA Safety Concerns for 737 Max and 787 Dreamliner
The Federal Aviation Administration (FAA) has raised concerns over new safety issues pertaining to Boeing's 737 Max and 787 Dreamliner aircraft, marking another challenging chapter for the aerospace giant. 
The Federal Aviation Administration (FAA) has raised concerns over new safety issues pertaining to Boeing's 737 Max and 787 Dreamliner aircraft, marking another challenging chapter for the aerospace giant. -
Tesla Adjusts Model Y Pricing Amid Market Fluctuations and EV Incentive Changes
Tesla Inc. has adjusted the pricing of its Model Y electric vehicles in the United States, marking a strategic move amid fluctuating market demands and the evolving landscape of electric vehicle (EV) incentives. 
Tesla Inc. has adjusted the pricing of its Model Y electric vehicles in the United States, marking a strategic move amid fluctuating market demands and the evolving landscape of electric vehicle (EV) incentives. -
NYCB Stock Plunges Amid CEO Exit and $2.7 Billion Loss
New York Community Bancorp (NYCB) witnessed a significant drop in its stock value, exceeding 20%, following the announcement of a pivotal leadership transition and the revelation of critical issues within its internal controls. 
New York Community Bancorp (NYCB) witnessed a significant drop in its stock value, exceeding 20%, following the announcement of a pivotal leadership transition and the revelation of critical issues within its internal controls. -
Biden Administration Proposes Stricter Penalties for Airlines Mishandling Wheelchairs
The Biden administration is taking significant steps to address the issue of airlines damaging or misplacing wheelchairs, a concern that has grown as more travelers with disabilities report mishandling of their mobility devices 
The Biden administration is taking significant steps to address the issue of airlines damaging or misplacing wheelchairs, a concern that has grown as more travelers with disabilities report mishandling of their mobility devices -
Increased Tax Refunds Anticipated as IRS Implements Inflation Adjustments
The Internal Revenue Service (IRS) has commenced the distribution of tax refunds for the 2024 tax season, bringing financial relief to millions of Americans, particularly those eligible for the Earned Income Tax Credit (EITC). This year, taxpayers who qualify for the EITC can claim up to $7,430, a significant boon for families and individuals with low to moderate incomes seeking to mitigate their tax burdens and potentially secure refunds even in the absence of tax liabilities. 
The Internal Revenue Service (IRS) has commenced the distribution of tax refunds for the 2024 tax season, bringing financial relief to millions of Americans, particularly those eligible for the Earned Income Tax Credit (EITC). This year, taxpayers who qualify for the EITC can claim up to $7,430, a significant boon for families and individuals with low to moderate incomes seeking to mitigate their tax burdens and potentially secure refunds even in the absence of tax liabilities. -
Starbucks Commits to Wage Hike for Union Workers, Signaling Thaw in Labor Relations
Starbucks has announced a pivotal shift in its approach to unionized employees, signaling a potential end to the long-standing impasse with Workers United, the union representing a segment of the coffee giant's baristas. 
Starbucks has announced a pivotal shift in its approach to unionized employees, signaling a potential end to the long-standing impasse with Workers United, the union representing a segment of the coffee giant's baristas.
