Jerry Lin

Jerry Lin

The Latest

  • U.S. stocks Fall as AI Slowdown Push Hits Tech and Saudi Pipeline Attack Sends Oil Above $107
    US Stock Market
    U.S. stocks fell Monday as investors confronted two threats to a market already sensitive to interest rates: a push by some of Silicon Valley's biggest names to slow development of advanced artificial intelligence and another surge in oil prices after attacks disrupted a critical Saudi Arabian export route.
  • U.S. Core Inflation Rises 0.3% in August, Putting Fed Rate Hike Back in Focus
    US Wholesale Inflation Rises in June, Challenging Fed's Rate Cut Plans
    U.S. underlying inflation rose more than expected in August, giving the Federal Reserve fresh evidence of persistent price pressures just days before officials meet to decide whether to raise interest rates as an energy shock from the Middle East pushes oil prices above $100 a barrel.
  • U.S. Diesel Hits Record $6.06 a Gallon as Iran War and Russian Supply Disruptions Tighten Fuel Market
    Gas prices
    U.S. diesel prices climbed above $6 a gallon for the first time Friday, as disruptions tied to the war with Iran and Ukrainian attacks on Russian energy infrastructure tightened global supplies of the fuel that powers much of the country's trucking, agriculture and industrial economy.
  • ECB Raises Rates to 2.5% as Iran War Drives Eurozone Inflation to 3.3%
    ECB
    The European Central Bank raised interest rates by a quarter percentage point Thursday, taking its benchmark deposit rate to 2.5% as surging energy costs from the war involving the U.S., Israel and Iran pushed eurozone inflation above 3% and forced policymakers to confront renewed price pressures alongside weak economic growth.
  • U.S. Oil Tops $100 As Iran War Escalation Rattles Markets
    OIL
    U.S. West Texas Intermediate crude jumped 4.7% to $100.63 a barrel, while Brent crude climbed 4.4% to $105.61.
  • Hunter Biden’s $LAPTOP Token Crashes More Than 95% After Briefly Topping $144 Billion Valuation
    Hunter Biden's Laptop Becomes Key Evidence in Federal Gun Trial, Media Faces Scrutiny
    Hunter Biden's newly launched $LAPTOP meme coin soared to an implied valuation of more than $144 billion within minutes of beginning trading Wednesday before losing more than 95% of its value, an extraordinary swing driven in part by a market that initially contained only tens of thousands of dollars in liquidity.
  • Oil Tops $100 as U.S.-Iran Tanker Strikes Escalate, Goldman Warns Brent Could Hit $120
    OIL PRICE HIKE
    Oil prices climbed above $100 a barrel Wednesday for the first time since July as the U.S. and Iran intensified attacks on tankers and military targets around the Strait of Hormuz, raising the risk that a six-month conflict could further restrict one of the world's most important energy corridors.
  • Yen’s Sharp Rally Unwinds Carry Trades as BOJ Rate-Hike Bets Surge
    CURRENCIES
    The Japanese yen surged through ¥153 to the dollar Tuesday, reaching its strongest level since February and prompting investors to consider whether the currency's prolonged weakening trend is beginning to reverse as expectations build for tighter Bank of Japan policy.
  • Iran-Linked Networks Moved $9 Billion Through U.S. Banks Despite Sanctions, FinCEN Finds
    DEATH ORDER
    Iran-linked financial networks moved about $9 billion in potentially illicit transactions through U.S. correspondent bank accounts in 2024, according to an analysis by the Treasury Department's Financial Crimes Enforcement Network, highlighting how Tehran maintained indirect access to the dollar-based financial system despite extensive American sanctions.
  • Global Bond Rout Deepens as U.S.-Iran Fighting Sends Oil Higher and Treasury Yield Hits 4.79%
    Bessent Blames ‘Unruly’ China Trades for Gold Drop While U.S. Markets Signal Growth Cycle
    Government bond markets came under renewed pressure Tuesday as escalating fighting between the U.S. and Iran pushed oil prices higher, reviving inflation concerns and driving borrowing costs to levels not seen in decades across Japan, Britain and other major economies.
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