Jerry Lin
The Latest
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U.S. Debt Interest Hits $24 Billion a Week as National Debt Climbs to $39.4 Trillion, CBO Says
The cost of financing the U.S. government's record debt is accelerating, with interest payments emerging as one of the fastest-growing items in the federal budget as the national debt surpasses $39.4 trillion, according to new estimates from the Congressional Budget Office (CBO). 
The cost of financing the U.S. government's record debt is accelerating, with interest payments emerging as one of the fastest-growing items in the federal budget as the national debt surpasses $39.4 trillion, according to new estimates from the Congressional Budget Office (CBO). -
Oil Jumps More Than 5% After Trump Declares Iran Ceasefire 'Over' Following Hormuz Attacks
Brent crude, the international benchmark, climbed more than 5% to trade above $78 a barrel in early U.S. trading, while West Texas Intermediate rose nearly 5% to about $73.94 per barrel. The advance reflected growing fears that renewed military action around the Strait of Hormuz could disrupt global oil exports, sending investors toward energy assets while broader equity markets moved lower. 
Brent crude, the international benchmark, climbed more than 5% to trade above $78 a barrel in early U.S. trading, while West Texas Intermediate rose nearly 5% to about $73.94 per barrel. The advance reflected growing fears that renewed military action around the Strait of Hormuz could disrupt global oil exports, sending investors toward energy assets while broader equity markets moved lower. -
Oil Prices Rise After Iranian Missile Strike on Commercial Ships in Strait of Hormuz Threatens Nuclear Talks
Oil prices rose Tuesday after Iran allegedly launched missiles at two commercial vessels transiting the Strait of Hormuz, escalating tensions in one of the world's most strategically important shipping lanes and casting fresh uncertainty over stalled nuclear negotiations between Washington and Tehran. The reported attack comes just one week after both sides had agreed to halt military activity in the waterway as part of broader efforts to stabilize the region following months of conflict. Oil prices rose Tuesday after Iran allegedly launched missiles at two commercial vessels transiting the Strait of Hormuz, escalating tensions in one of the world's most strategically important shipping lanes and casting fresh uncertainty over stalled nuclear negotiations between Washington and Tehran. The reported attack comes just one week after both sides had agreed to halt military activity in the waterway as part of broader efforts to stabilize the region following months of conflict. -
U.S. Economy Adds Just 57,000 Jobs in June, Missing Forecasts by Half as Labor Force Shrinks
The U.S. labor market lost momentum in June as employers added just 57,000 nonfarm jobs-less than half the number economists had expected-even as the unemployment rate edged lower, underscoring a labor market that is cooling without yet showing signs of a broad collapse. 
The U.S. labor market lost momentum in June as employers added just 57,000 nonfarm jobs-less than half the number economists had expected-even as the unemployment rate edged lower, underscoring a labor market that is cooling without yet showing signs of a broad collapse. -
US Job Openings Climb to Two-Year High as Hiring Slows and Worker Confidence Weakens
The U.S. labor market delivered conflicting signals in May as job openings climbed to their highest level in two years, even while employers hired fewer workers and consumer confidence in finding employment continued to deteriorate, underscoring the complex economic backdrop confronting policymakers ahead of upcoming Federal Reserve decisions. 
The U.S. labor market delivered conflicting signals in May as job openings climbed to their highest level in two years, even while employers hired fewer workers and consumer confidence in finding employment continued to deteriorate, underscoring the complex economic backdrop confronting policymakers ahead of upcoming Federal Reserve decisions. -
Oil Climbs as WTI Tops $70 After Hormuz Flare-Up Despite U.S.-Iran Agreement to Halt Strikes
Oil prices moved higher Monday after renewed military tensions in the Strait of Hormuz reminded traders how quickly geopolitical risks can disrupt one of the world's most important energy corridors, even as the United States and Iran agreed to suspend further strikes ahead of another round of diplomacy. 
Oil prices moved higher Monday after renewed military tensions in the Strait of Hormuz reminded traders how quickly geopolitical risks can disrupt one of the world's most important energy corridors, even as the United States and Iran agreed to suspend further strikes ahead of another round of diplomacy. -
Oil Prices Slide to Pre-War Levels as Shipping Returns Through Hormuz
Global oil markets extended their decline Tuesday, with Brent crude falling to its lowest level since the day before the Iran conflict erupted, as traders grew increasingly confident that energy supplies from the Middle East would continue flowing after a U.S.-Iran agreement reopened the Strait of Hormuz. 
Global oil markets extended their decline Tuesday, with Brent crude falling to its lowest level since the day before the Iran conflict erupted, as traders grew increasingly confident that energy supplies from the Middle East would continue flowing after a U.S.-Iran agreement reopened the Strait of Hormuz. -
South Korea’s KOSPI Plunges 10% as Samsung, SK Hynix Crash and Global AI Stocks Sell Off
South Korea's stock market suffered its sharpest selloff in more than three months on Tuesday, with the benchmark KOSPI index plunging 10% as investors dumped technology shares amid growing concerns that the artificial intelligence-driven rally that powered global markets higher may have run ahead of fundamentals. 
South Korea's stock market suffered its sharpest selloff in more than three months on Tuesday, with the benchmark KOSPI index plunging 10% as investors dumped technology shares amid growing concerns that the artificial intelligence-driven rally that powered global markets higher may have run ahead of fundamentals. -
Oil Falls Below $77 as U.S. Authorizes Iranian Oil Sales and Nuclear Talks Advance
Oil prices fell sharply Monday after the Trump administration authorized temporary Iranian oil sales and negotiators from Washington and Tehran reported progress in Switzerland toward a broader agreement aimed at ending hostilities and reviving diplomatic engagement. Oil prices fell sharply Monday after the Trump administration authorized temporary Iranian oil sales and negotiators from Washington and Tehran reported progress in Switzerland toward a broader agreement aimed at ending hostilities and reviving diplomatic engagement. -
U.S. Gas Prices Fall Below $4 as Iran Deal Reopens Strait of Hormuz and Oil Slides
American drivers are beginning to see relief at the pump after gasoline prices slipped below $4 a gallon nationally, as oil markets continued to retreat following the U.S.-Iran agreement aimed at ending hostilities and reopening the Strait of Hormuz. 
American drivers are beginning to see relief at the pump after gasoline prices slipped below $4 a gallon nationally, as oil markets continued to retreat following the U.S.-Iran agreement aimed at ending hostilities and reopening the Strait of Hormuz.
