Jerry Lin
The Latest
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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. -
Japan Launches First Yen-Pegged Stablecoin, Backed by Bonds and Bank Deposits, Aiming to Redefine Digital Money
Japan has taken a major step toward redefining digital finance with the launch of the world's first stablecoin pegged to the Japanese yen. Tokyo-based fintech firm JPYC announced that its new digital token, backed entirely by domestic bank deposits and Japanese government bonds, will maintain a one-to-one value with the yen - a move that could transform both Japan's payment infrastructure and the global digital currency market. 
Japan has taken a major step toward redefining digital finance with the launch of the world's first stablecoin pegged to the Japanese yen. Tokyo-based fintech firm JPYC announced that its new digital token, backed entirely by domestic bank deposits and Japanese government bonds, will maintain a one-to-one value with the yen - a move that could transform both Japan's payment infrastructure and the global digital currency market. -
U.S. Inflation Rises to 3% in September, Strengthening Case for Fed Rate Cut Next Week
U.S. inflation climbed to 3% in September, coming in slightly below economists' expectations and reinforcing market confidence that the Federal Reserve will move forward with another interest rate cut at its policy meeting next week. 
U.S. inflation climbed to 3% in September, coming in slightly below economists' expectations and reinforcing market confidence that the Federal Reserve will move forward with another interest rate cut at its policy meeting next week. -
Gold Rebounds After Sharp Selloff; JP Morgan Predicts Record $6,000 by 2028
Gold prices rebounded Thursday after a steep two-day decline, as investors sought safety amid persistent global uncertainty and growing expectations of Federal Reserve rate cuts. Analysts at JP Morgan reaffirmed their bullish long-term outlook, forecasting the metal to average $5,055 per ounce by the fourth quarter of 2026 and potentially climb to $6,000 by 2028. 
Gold prices rebounded Thursday after a steep two-day decline, as investors sought safety amid persistent global uncertainty and growing expectations of Federal Reserve rate cuts. Analysts at JP Morgan reaffirmed their bullish long-term outlook, forecasting the metal to average $5,055 per ounce by the fourth quarter of 2026 and potentially climb to $6,000 by 2028.
