Jerry Lin
The Latest
-
Gold Futures Hit Record After U.S. Slaps 39% Tariff on Swiss Bullion Bars
Gold futures surged to a record high Friday after reports that the United States had imposed tariffs on imports of 1-kilogram bullion bars, a move that struck at Switzerland's dominant refining industry and widened the gap between U.S. futures and spot prices. 
Gold futures surged to a record high Friday after reports that the United States had imposed tariffs on imports of 1-kilogram bullion bars, a move that struck at Switzerland's dominant refining industry and widened the gap between U.S. futures and spot prices. -
China’s July Exports Jump 7.2% as U.S. Tariff Truce Nears End, Trade Surplus Hits $683.5 Billion
China's exports surged 7.2% in July compared to a year earlier, outpacing economists' expectations and providing a short-term boost as Beijing races to ship goods ahead of the expiration of a fragile tariff truce with the United States. Imports also rose 4.1%, their strongest gain in 12 months, customs data showed Thursday. 
China's exports surged 7.2% in July compared to a year earlier, outpacing economists' expectations and providing a short-term boost as Beijing races to ship goods ahead of the expiration of a fragile tariff truce with the United States. Imports also rose 4.1%, their strongest gain in 12 months, customs data showed Thursday. -
Trump Doubles India Tariffs to 50% Over Russian Oil Ties, Threatening $87 Billion in Trade
President Donald Trump has ordered a 50% tariff on Indian imports, citing New Delhi's continued purchases of Russian oil and collapsing trade negotiations, in a dramatic escalation that could upend $87 billion in annual commerce between the two nations. The new import taxes-an additional 25% stacked atop existing duties-will take effect within 21 days, according to an executive order released Wednesday. 
President Donald Trump has ordered a 50% tariff on Indian imports, citing New Delhi's continued purchases of Russian oil and collapsing trade negotiations, in a dramatic escalation that could upend $87 billion in annual commerce between the two nations. The new import taxes-an additional 25% stacked atop existing duties-will take effect within 21 days, according to an executive order released Wednesday. -
EU to Suspend $3 Billion in U.S. Tariff Countermeasures for Six Months
The European Union will suspend its planned retaliatory tariffs on U.S. goods for six months, following a July 27 agreement between European Commission President Ursula von der Leyen and U.S. President Donald Trump. The decision halts two waves of countermeasures that were set to begin August 7, targeting U.S. steel, aluminum, and automotive exports. 
The European Union will suspend its planned retaliatory tariffs on U.S. goods for six months, following a July 27 agreement between European Commission President Ursula von der Leyen and U.S. President Donald Trump. The decision halts two waves of countermeasures that were set to begin August 7, targeting U.S. steel, aluminum, and automotive exports. -
Oil Falls 2.6% as OPEC+ Adds 547,000 Barrels Daily Amid Rising Global Inventories
Oil prices dropped sharply Monday after OPEC+ announced a fresh production increase of 547,000 barrels per day for September, signaling a full reversal of its earlier major output cuts and raising concerns of oversupply. Brent crude futures slid $1.55, or 2.2%, to $68.12 per barrel-its lowest level since July 23-while U.S. West Texas Intermediate fell $1.72, or nearly 2.6%, to $65.61. 
Oil prices dropped sharply Monday after OPEC+ announced a fresh production increase of 547,000 barrels per day for September, signaling a full reversal of its earlier major output cuts and raising concerns of oversupply. Brent crude futures slid $1.55, or 2.2%, to $68.12 per barrel-its lowest level since July 23-while U.S. West Texas Intermediate fell $1.72, or nearly 2.6%, to $65.61. -
India Defies Trump’s Threats, Maintains Russian Oil Imports Amid U.S. Sanctions Push
India will continue purchasing oil from Russia despite President Donald Trump's escalating threats of U.S. sanctions, senior Indian officials confirmed, pushing back against claims that New Delhi had ended its Russian crude imports. The reaffirmation came just days after Trump warned of 25% tariffs on Indian goods and set an August 8 deadline for Russia to halt its invasion of Ukraine or face broader penalties targeting countries importing Russian energy. India will continue purchasing oil from Russia despite President Donald Trump's escalating threats of U.S. sanctions, senior Indian officials confirmed, pushing back against claims that New Delhi had ended its Russian crude imports. The reaffirmation came just days after Trump warned of 25% tariffs on Indian goods and set an August 8 deadline for Russia to halt its invasion of Ukraine or face broader penalties targeting countries importing Russian energy. -
U.S. Adds Just 73,000 Jobs in July as Unemployment Rises to 4.2%; Fed Rate Cut Odds Jump to 63%
U.S. job growth slowed sharply in July, with nonfarm payrolls rising by only 73,000 and the unemployment rate climbing to 4.2%, signaling mounting pressure on the labor market and increasing the likelihood of a Federal Reserve rate cut in September. The figure fell well short of the 100,000-104,000 forecasts from economists and came alongside major downward revisions to prior months, with May and June job gains cut by a combined 258,000. 
U.S. job growth slowed sharply in July, with nonfarm payrolls rising by only 73,000 and the unemployment rate climbing to 4.2%, signaling mounting pressure on the labor market and increasing the likelihood of a Federal Reserve rate cut in September. The figure fell well short of the 100,000-104,000 forecasts from economists and came alongside major downward revisions to prior months, with May and June job gains cut by a combined 258,000. -
U.S. Economy Expands 3% in Q2 as Imports Plunge, Consumer Spending Rebounds
The U.S. economy grew at an annualized pace of 3% in the second quarter, significantly outpacing Wall Street expectations and reversing a contraction in the first quarter, as falling imports and a pickup in consumer spending bolstered overall output despite ongoing tariff pressures. The Commerce Department released the data Wednesday ahead of a highly anticipated Federal Reserve policy announcement. 
The U.S. economy grew at an annualized pace of 3% in the second quarter, significantly outpacing Wall Street expectations and reversing a contraction in the first quarter, as falling imports and a pickup in consumer spending bolstered overall output despite ongoing tariff pressures. The Commerce Department released the data Wednesday ahead of a highly anticipated Federal Reserve policy announcement. -
Eurozone Growth Slows to 0.1% as German Output Contracts, U.S. Tariffs Weigh on Outlook
Eurozone economic growth slowed sharply in the second quarter of 2025, expanding just 0.1% over the previous quarter as Germany's economy contracted and the early-year boost from tariff front-loading faded. The figure, reported Wednesday by Eurostat, outperformed analysts' flatline forecast but underscored growing pressure from U.S. trade policy. 
Eurozone economic growth slowed sharply in the second quarter of 2025, expanding just 0.1% over the previous quarter as Germany's economy contracted and the early-year boost from tariff front-loading faded. The figure, reported Wednesday by Eurostat, outperformed analysts' flatline forecast but underscored growing pressure from U.S. trade policy. -
Fed Expected to Hold Interest Rates Steady Despite Trump's Public Push for Deep Cuts
The Federal Reserve is expected to keep interest rates unchanged on Wednesday, holding firm in the face of escalating pressure from President Donald Trump, who has called for drastic cuts despite inflation risks. The decision comes just days after Trump made a rare visit to the Fed's Washington headquarters, demanding rates be slashed from the current 4.25%-4.5% range to as low as 1%. 
The Federal Reserve is expected to keep interest rates unchanged on Wednesday, holding firm in the face of escalating pressure from President Donald Trump, who has called for drastic cuts despite inflation risks. The decision comes just days after Trump made a rare visit to the Fed's Washington headquarters, demanding rates be slashed from the current 4.25%-4.5% range to as low as 1%.
