Jerry Lin
The Latest
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South Korea Overtakes U.S. in Cosmetics Exports After K-Beauty Sales Hit Record $11.4 Billion
South Korea surpassed the United States in cosmetics exports for the first time in 2025, as global demand for K-beauty products drove overseas sales to a record $11.4 billion, according to data released Saturday by South Korea's Ministry of Food and Drug Safety. 
South Korea surpassed the United States in cosmetics exports for the first time in 2025, as global demand for K-beauty products drove overseas sales to a record $11.4 billion, according to data released Saturday by South Korea's Ministry of Food and Drug Safety. -
China Retail Sales Collapse to Weakest Growth Since 2022 as Consumer Spending Stalls
China's economy lost momentum sharply in April as retail sales posted their weakest growth since late 2022 and factory output slowed more than expected, adding pressure on Beijing as officials struggle to revive consumer confidence, stabilize the property sector and shield growth from rising global tensions. 
China's economy lost momentum sharply in April as retail sales posted their weakest growth since late 2022 and factory output slowed more than expected, adding pressure on Beijing as officials struggle to revive consumer confidence, stabilize the property sector and shield growth from rising global tensions. -
Trump Administration Weighs Federal Gas Tax Holiday as U.S. Fuel Prices Hit $4.52 Per Gallon
With gasoline prices climbing to their highest national average in four years, the White House is signaling openness to suspending the federal gas tax, a move the Donald Trump administration says could provide relief to consumers squeezed by rising fuel and energy costs linked to the conflict involving Iran. 
With gasoline prices climbing to their highest national average in four years, the White House is signaling openness to suspending the federal gas tax, a move the Donald Trump administration says could provide relief to consumers squeezed by rising fuel and energy costs linked to the conflict involving Iran. -
Oil Prices Plunge Over 10% as Iran Reopens Strait of Hormuz, Easing 13 Million Barrel Supply Disruption
Oil prices tumbled sharply Friday after Seyed Abbas Araghchi declared the Strait of Hormuz "completely open" to commercial traffic, triggering a broad rally in global equities and easing fears of prolonged supply disruptions tied to the U.S.-Iran conflict. 
Oil prices tumbled sharply Friday after Seyed Abbas Araghchi declared the Strait of Hormuz "completely open" to commercial traffic, triggering a broad rally in global equities and easing fears of prolonged supply disruptions tied to the U.S.-Iran conflict. -
Trump Energy Promises Tested: Gas Hits $4.11 Average, Bessent Warns $3 May Not Come Until Late Summer
Scott Bessent said Americans may not see gasoline prices return to $3 per gallon until late summer, acknowledging a shifting timeline as Donald Trump administration officials confront rising fuel costs tied to global oil disruptions and the ongoing conflict involving Iran. 
Scott Bessent said Americans may not see gasoline prices return to $3 per gallon until late summer, acknowledging a shifting timeline as Donald Trump administration officials confront rising fuel costs tied to global oil disruptions and the ongoing conflict involving Iran. -
France Repatriates 129 Tonnes of Gold, Books $15 Billion Gain Through New York–Europe Swap
France has completed a complex gold reserve operation involving the sale of 129 tonnes of bullion held at the Federal Reserve Bank of New York and the repurchase of equivalent holdings in Europe, allowing the Banque de France to consolidate all 2,437 tonnes of its reserves domestically while generating an estimated $15 billion gain. 
France has completed a complex gold reserve operation involving the sale of 129 tonnes of bullion held at the Federal Reserve Bank of New York and the repurchase of equivalent holdings in Europe, allowing the Banque de France to consolidate all 2,437 tonnes of its reserves domestically while generating an estimated $15 billion gain. -
Oil Swings Below $100 After Trump Signals Troop Exit From Iran Within 2–3 Weeks
Global oil markets swung sharply Wednesday after Donald Trump said U.S. forces could withdraw from Iran within "two or three weeks," even as disruptions in the Strait of Hormuz continue to constrain roughly one-fifth of global crude flows. Global oil markets swung sharply Wednesday after Donald Trump said U.S. forces could withdraw from Iran within "two or three weeks," even as disruptions in the Strait of Hormuz continue to constrain roughly one-fifth of global crude flows. -
401(k) Hardship Withdrawals Hit Record 6% as U.S. Workers Tap Retirement Funds for Survival
A record share of U.S. workers are tapping retirement savings to cover immediate financial needs, even as account balances reach historic highs, according to new data from Vanguard, highlighting a widening divide in household financial stability. 
A record share of U.S. workers are tapping retirement savings to cover immediate financial needs, even as account balances reach historic highs, according to new data from Vanguard, highlighting a widening divide in household financial stability. -
Oil Jumps, U.S. Stock Futures Slip as Iran Rejects Trump’s Negotiation Claims Over Hormuz
Oil prices resumed their climb early Tuesday and U.S. stock futures turned lower after Iran rejected the premise of imminent negotiations with Washington, undercutting a brief market rally that had followed President Donald Trump's claim of "very good and productive" discussions to end the war and reopen the Strait of Hormuz. 
Oil prices resumed their climb early Tuesday and U.S. stock futures turned lower after Iran rejected the premise of imminent negotiations with Washington, undercutting a brief market rally that had followed President Donald Trump's claim of "very good and productive" discussions to end the war and reopen the Strait of Hormuz. -
Foreign Buyers Purchase 78,000 U.S. Homes Worth $56 Billion, Fueling MAGA Push to Restrict H-1B Visas
Foreign buyers purchased roughly 78,000 U.S. homes over the past year, spending about $56 billion, according to recent housing data, a surge of more than 40% that is now colliding with a widening political debate over immigration policy, particularly the future of the H-1B visa program under President Donald Trump. 
Foreign buyers purchased roughly 78,000 U.S. homes over the past year, spending about $56 billion, according to recent housing data, a surge of more than 40% that is now colliding with a widening political debate over immigration policy, particularly the future of the H-1B visa program under President Donald Trump.
