Jerry Lin
The Latest
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Bitcoin Sinks Below $90,000 as $1.2 Trillion Crypto Sell-Off Sparks Global Market Jitters
Bitcoin fell sharply on Tuesday, sliding below $90,000 for the first time since April and wiping out its 2025 gains as risk-off sentiment rippled through global markets. The decline coincided with a broader pullback in technology and AI-linked equities, intensifying scrutiny over the cryptocurrency's influence on asset prices as macro uncertainty deepens. By late afternoon, Bitcoin hovered near $91,000 after touching an intraday low of $89,259, according to FactSet. 
Bitcoin fell sharply on Tuesday, sliding below $90,000 for the first time since April and wiping out its 2025 gains as risk-off sentiment rippled through global markets. The decline coincided with a broader pullback in technology and AI-linked equities, intensifying scrutiny over the cryptocurrency's influence on asset prices as macro uncertainty deepens. By late afternoon, Bitcoin hovered near $91,000 after touching an intraday low of $89,259, according to FactSet. -
U.S. Turkey Supply Drops to 40-Year Low, Triggering 40% Price Surge Ahead of Thanksgiving
The United States is heading into Thanksgiving with its smallest commercial turkey supply since 1985, a drop that has pushed wholesale prices up roughly 40% and strained producers still grappling with avian flu outbreaks and elevated feed costs. The American Farm Bureau reported that commercial farms raised 194.5 million turkeys in 2025, down 3% from last year, marking the lowest production in four decades. 
The United States is heading into Thanksgiving with its smallest commercial turkey supply since 1985, a drop that has pushed wholesale prices up roughly 40% and strained producers still grappling with avian flu outbreaks and elevated feed costs. The American Farm Bureau reported that commercial farms raised 194.5 million turkeys in 2025, down 3% from last year, marking the lowest production in four decades. -
Morgan Stanley Warns Bitcoin Enters “Fall Season” as Price Dips to $103,000
Bitcoin's retreat to roughly $103,000 this week has rattled investors and revived debate over whether the cryptocurrency's rally is running out of steam. The drop, accompanied by declines across major tokens, follows a warning from Morgan Stanley that Bitcoin has entered its "fall season," a cyclical cooling period the bank says typically precedes weaker performance. 
Bitcoin's retreat to roughly $103,000 this week has rattled investors and revived debate over whether the cryptocurrency's rally is running out of steam. The drop, accompanied by declines across major tokens, follows a warning from Morgan Stanley that Bitcoin has entered its "fall season," a cyclical cooling period the bank says typically precedes weaker performance. -
U.S. Layoff Announcements Jump 175% in October as AI Adoption and Cost Pressures Mount
Layoff announcements in the United States surged in October, reaching their highest level for the month in more than two decades as companies continue to adjust to slowing economic activity and rapid technological change. The report, released by outplacement firm Challenger, Gray & Christmas, identified more than 153,000 planned job cuts last month, an increase of 175% compared with the same month a year earlier. The figure brings the total number of announced layoffs this year to over one million. 
Layoff announcements in the United States surged in October, reaching their highest level for the month in more than two decades as companies continue to adjust to slowing economic activity and rapid technological change. The report, released by outplacement firm Challenger, Gray & Christmas, identified more than 153,000 planned job cuts last month, an increase of 175% compared with the same month a year earlier. The figure brings the total number of announced layoffs this year to over one million. -
U.S. Private-Sector Adds 42,000 Jobs as Small Businesses Cut Staff and Fed Warns Outlook Remains Uncertain
The U.S. private-sector added 42,000 jobs in October, according to new employment data from ADP, offering a tentative sign of stabilization in the labor market as the nation continues to operate without official federal statistics due to the government shutdown. The modest improvement marks a reversal from job losses recorded in August and September, but ADP analysts cautioned the gains remain narrowly concentrated and fragile. 
The U.S. private-sector added 42,000 jobs in October, according to new employment data from ADP, offering a tentative sign of stabilization in the labor market as the nation continues to operate without official federal statistics due to the government shutdown. The modest improvement marks a reversal from job losses recorded in August and September, but ADP analysts cautioned the gains remain narrowly concentrated and fragile. -
Gold Prices Fall Below $4,000 as Dollar Strength and Fed Uncertainty Pressure Investors
Gold prices slipped below the closely watched $4,000-per-ounce threshold on Monday, breaking a months-long winning streak that had made the precious metal one of 2025's standout investments. Spot gold fell 0.8% to $3,970.39 per ounce, while U.S. futures held just under $3,980. The decline marks the first time since October that gold has dipped below what traders consider a key psychological level. 
Gold prices slipped below the closely watched $4,000-per-ounce threshold on Monday, breaking a months-long winning streak that had made the precious metal one of 2025's standout investments. Spot gold fell 0.8% to $3,970.39 per ounce, while U.S. futures held just under $3,980. The decline marks the first time since October that gold has dipped below what traders consider a key psychological level. -
Bitcoin Plunges Below $110,000 as Trump–Xi Truce and Fed Rate Cut Trigger Market Selloff
Bitcoin's record-breaking run came to an abrupt halt this week as global policy moves sent shockwaves through digital asset markets. The cryptocurrency plunged below $110,000 following the trade truce between U.S. President Donald Trump and Chinese President Xi Jinping, coupled with a Federal Reserve rate cut that spurred investors to shift toward traditional assets. Bitcoin's record-breaking run came to an abrupt halt this week as global policy moves sent shockwaves through digital asset markets. The cryptocurrency plunged below $110,000 following the trade truce between U.S. President Donald Trump and Chinese President Xi Jinping, coupled with a Federal Reserve rate cut that spurred investors to shift toward traditional assets. -
Federal Reserve Cuts Rates Again, Ends Balance Sheet Reduction Amid Data Blackout
The Federal Reserve lowered its benchmark interest rate for the second time this year on Wednesday, voting 10-2 to cut the federal funds rate to a range of 3.75% to 4%, even as the government shutdown limits access to key economic data. The move underscores the central bank's growing concern about slowing job growth, persistent inflation, and tightening liquidity in financial markets. 
The Federal Reserve lowered its benchmark interest rate for the second time this year on Wednesday, voting 10-2 to cut the federal funds rate to a range of 3.75% to 4%, even as the government shutdown limits access to key economic data. The move underscores the central bank's growing concern about slowing job growth, persistent inflation, and tightening liquidity in financial markets. -
Federal Reserve Poised to Cut Rates Again as Weak Job Market, Data Gaps Cloud Economic Outlook
The Federal Reserve is widely expected to lower its benchmark interest rate by a quarter percentage point Wednesday, marking its second cut in six weeks, as officials move to counter signs of a weakening labor market amid a government data blackout. The move would bring the federal funds rate to a range between 3.75% and 4.00%, according to nearly all economists surveyed by Reuters. 
The Federal Reserve is widely expected to lower its benchmark interest rate by a quarter percentage point Wednesday, marking its second cut in six weeks, as officials move to counter signs of a weakening labor market amid a government data blackout. The move would bring the federal funds rate to a range between 3.75% and 4.00%, according to nearly all economists surveyed by Reuters. -
Rare Earth Stocks Drop as U.S. Predicts China Will Delay Export Controls Amid Trade Talks
Shares of major U.S.-listed rare earth miners fell sharply Monday after officials in Washington said they expect Beijing to delay implementing export controls on critical minerals as part of ongoing trade negotiations between China and the United States. 
Shares of major U.S.-listed rare earth miners fell sharply Monday after officials in Washington said they expect Beijing to delay implementing export controls on critical minerals as part of ongoing trade negotiations between China and the United States.
