Jerry Lin
The Latest
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India’s Economy Expands 7.8% in June Quarter, Fastest in Five Quarters, as U.S. Tariffs Cloud Outlook
India's economy grew 7.8% year-on-year in the April-June quarter, the fastest pace in five quarters and well above economists' forecasts, as manufacturing, construction and services delivered solid gains. But the surge came just as U.S. President Donald Trump's administration imposed a 50% tariff on Indian imports, stoking fears of weaker growth in the months ahead. 
India's economy grew 7.8% year-on-year in the April-June quarter, the fastest pace in five quarters and well above economists' forecasts, as manufacturing, construction and services delivered solid gains. But the surge came just as U.S. President Donald Trump's administration imposed a 50% tariff on Indian imports, stoking fears of weaker growth in the months ahead. -
Core U.S. Inflation Hits 2.9% in July as Trump Tariffs Feed Price Pressures; Fed Seen on Track for September Cut
Core U.S. inflation rose in July to its highest level since February, even as consumer spending showed resilience, underscoring the strain President Donald Trump's tariffs are placing on businesses and households while sharpening the Federal Reserve's policy dilemma. 
Core U.S. inflation rose in July to its highest level since February, even as consumer spending showed resilience, underscoring the strain President Donald Trump's tariffs are placing on businesses and households while sharpening the Federal Reserve's policy dilemma. -
China’s Big Banks Warn of Margin Squeeze as Profits Slip, Property Risks Mount
China's largest state-owned banks are warning of continued profit pressure in the second half of 2025 after reporting record-low margins and mixed earnings, underscoring how slowing loan demand, deflation risks and property sector woes are straining the financial system. 
China's largest state-owned banks are warning of continued profit pressure in the second half of 2025 after reporting record-low margins and mixed earnings, underscoring how slowing loan demand, deflation risks and property sector woes are straining the financial system. -
U.S. Economy Expands 3.3% in Second Quarter as Imports Fall, Consumers Spend More; Gold Holds Above $3,400
The U.S. economy grew at an annualized pace of 3.3% in the second quarter, a sharper rebound than previously reported, as consumer spending and trade shifts helped offset ongoing weakness in business investment. 
The U.S. economy grew at an annualized pace of 3.3% in the second quarter, a sharper rebound than previously reported, as consumer spending and trade shifts helped offset ongoing weakness in business investment. -
Ukrainian Drone Strikes Slash Russian Fuel Supply, Gas Prices Surge Nearly 50%
Russia is facing acute fuel shortages and soaring gasoline prices after a wave of Ukrainian drone attacks on oil refineries and energy facilities disrupted production and deliveries across several regions. The strikes, which intensified in August, have left motorists in Crimea and Russia's Far East waiting in long lines or finding gas stations shuttered, with some areas resorting to rationing or cutting off sales entirely. 
Russia is facing acute fuel shortages and soaring gasoline prices after a wave of Ukrainian drone attacks on oil refineries and energy facilities disrupted production and deliveries across several regions. The strikes, which intensified in August, have left motorists in Crimea and Russia's Far East waiting in long lines or finding gas stations shuttered, with some areas resorting to rationing or cutting off sales entirely. -
U.S. Consumer Sentiment Falls to 58.6 in August as Tariff Pressures Lift Inflation Expectations to 4.9%
U.S. consumer sentiment declined in August, reversing recent gains as higher inflation expectations took hold amid President Donald Trump's sweeping new tariffs on nearly 70 countries. The University of Michigan's Consumer Sentiment Index fell to 58.6 from 61.7 in July, missing economists' forecasts of 62.0. U.S. consumer sentiment declined in August, reversing recent gains as higher inflation expectations took hold amid President Donald Trump's sweeping new tariffs on nearly 70 countries. The University of Michigan's Consumer Sentiment Index fell to 58.6 from 61.7 in July, missing economists' forecasts of 62.0. -
U.S. Wholesale Inflation Jumps on Tariff-Linked Costs, Stirring Fears of Consumer Price Impact
U.S. wholesale prices surged in July at their fastest pace in more than three years, driven by higher costs tied to President Donald Trump's tariffs, raising concerns that inflationary pressures could soon filter down to consumers. 
U.S. wholesale prices surged in July at their fastest pace in more than three years, driven by higher costs tied to President Donald Trump's tariffs, raising concerns that inflationary pressures could soon filter down to consumers. -
Crypto Exchange Bullish Soars 84% on IPO Launch, Market Cap Tops $10 Billion Amid Investor Rush
Bullish (BLSH) surged in its Nasdaq debut on Wednesday, capping its first trading day with an 83.8% gain from its initial public offering price and lifting the cryptocurrency exchange operator's market capitalization above $10 billion, according to Reuters. Shares closed at $68, then climbed another 11.2% in after-hours trading. 
Bullish (BLSH) surged in its Nasdaq debut on Wednesday, capping its first trading day with an 83.8% gain from its initial public offering price and lifting the cryptocurrency exchange operator's market capitalization above $10 billion, according to Reuters. Shares closed at $68, then climbed another 11.2% in after-hours trading. -
U.S. July Deficit Jumps 19% to $291 Billion Despite Record $27.7 Billion in Trump Tariff Revenue
The U.S. budget deficit widened to $291 billion in July, up 19% from the same month last year, despite a record surge in tariff revenue from President Donald Trump's trade policies, according to Treasury Department figures released Tuesday. 
The U.S. budget deficit widened to $291 billion in July, up 19% from the same month last year, despite a record surge in tariff revenue from President Donald Trump's trade policies, according to Treasury Department figures released Tuesday. -
Gold Falls as Tariff Uncertainty and Inflation Data Loom Over Markets
Gold prices tumbled Monday as investors awaited clarity from the White House on potential bullion tariffs, erasing gains from last week's rally and rattling precious metals markets. 
Gold prices tumbled Monday as investors awaited clarity from the White House on potential bullion tariffs, erasing gains from last week's rally and rattling precious metals markets.
