Jerry Lin
The Latest
-
U.S. Consumer Confidence Falls 6.8 Points to April Low as Job Concerns Surge, Fed Rate Cuts Expected
U.S. consumer confidence continued to deteriorate in November as households increasingly worried about job security, inflation and the broader economic outlook, according to new data from the Conference Board. The Consumer Confidence Index fell to 88.7, its lowest reading since April, marking a 6.8-point decline and underscoring growing pessimism across income and political groups. The results add pressure on Federal Reserve officials who have already signaled that further interest-rate reductions may be needed as economic sentiment weakens. 
U.S. consumer confidence continued to deteriorate in November as households increasingly worried about job security, inflation and the broader economic outlook, according to new data from the Conference Board. The Consumer Confidence Index fell to 88.7, its lowest reading since April, marking a 6.8-point decline and underscoring growing pessimism across income and political groups. The results add pressure on Federal Reserve officials who have already signaled that further interest-rate reductions may be needed as economic sentiment weakens. -
Global Markets Plunge as Fed Official Warns of 'Eye-Popping' Job Losses
Global financial markets fell sharply this week as investors reacted to a stark warning from a senior Federal Reserve official who predicted "eye-popping" levels of job losses if current economic momentum deteriorates. The comment, delivered anonymously in private discussions referenced by market analysts, spread quickly through trading desks and social-media platforms, intensifying fears that the United States and other major economies may be heading toward a synchronized downturn. 
Global financial markets fell sharply this week as investors reacted to a stark warning from a senior Federal Reserve official who predicted "eye-popping" levels of job losses if current economic momentum deteriorates. The comment, delivered anonymously in private discussions referenced by market analysts, spread quickly through trading desks and social-media platforms, intensifying fears that the United States and other major economies may be heading toward a synchronized downturn. -
U.S. Gold Reset Plan Sparks Fight Over Bitcoin Reserve as Debt Heads Toward $50 Trillion
Debate in Washington over proposals for a national "gold reset" has escalated as lawmakers weigh whether revaluing U.S. gold reserves could help fund a federal Bitcoin stockpile, renewing comparisons to the Bretton Woods monetary system that anchored the postwar economy. 
Debate in Washington over proposals for a national "gold reset" has escalated as lawmakers weigh whether revaluing U.S. gold reserves could help fund a federal Bitcoin stockpile, renewing comparisons to the Bretton Woods monetary system that anchored the postwar economy. -
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.
