Jerry Lin
The Latest
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Canada, Mexico, and China Hit U.S. With Retaliatory Tariffs After Trump’s Trade Order
Canada, Mexico, and China announced retaliatory tariffs after President Donald Trump imposed sweeping new duties on imported goods from the three countries. The executive order, signed Saturday, enacts a 25% tariff on all imports from Canada and Mexico, with a 10% tariff on Canadian energy products and a 10% tariff on Chinese goods. 
Canada, Mexico, and China announced retaliatory tariffs after President Donald Trump imposed sweeping new duties on imported goods from the three countries. The executive order, signed Saturday, enacts a 25% tariff on all imports from Canada and Mexico, with a 10% tariff on Canadian energy products and a 10% tariff on Chinese goods. -
Gold Soars Above $2,800 as Tariff Threats and Inflation Fuel Record Rally
Gold prices soared past the $2,800 mark for the first time Friday, driven by investor demand for safe-haven assets as President Donald Trump's tariff threats reignited fears over global economic stability. The rally coincided with new inflation data showing persistent price pressures, raising uncertainty over the Federal Reserve's next policy moves. 
Gold prices soared past the $2,800 mark for the first time Friday, driven by investor demand for safe-haven assets as President Donald Trump's tariff threats reignited fears over global economic stability. The rally coincided with new inflation data showing persistent price pressures, raising uncertainty over the Federal Reserve's next policy moves. -
Inflation Holds at 2.8% as Fed Signals No Rush on Rate Cuts
Inflation remained stubbornly above the Federal Reserve's 2% target to close out 2024, with core prices holding steady at 2.8%, according to Commerce Department data released Friday. The personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, increased 2.6% year-over-year in December, rising from November's 2.4% reading. 
Inflation remained stubbornly above the Federal Reserve's 2% target to close out 2024, with core prices holding steady at 2.8%, according to Commerce Department data released Friday. The personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, increased 2.6% year-over-year in December, rising from November's 2.4% reading. -
U.S. Braces for Economic Shock as Trump’s 25% Tariffs on Canada, Mexico Loom
The United States stands on the brink of a major trade shake-up as President Donald Trump prepares to impose sweeping 25% tariffs on all imports from Canada and Mexico. The move, set to take effect as early as Saturday, threatens to disrupt nearly $1.6 trillion in annual trade and drive up prices on a broad range of goods, from gasoline and groceries to automobiles and electronics. 
The United States stands on the brink of a major trade shake-up as President Donald Trump prepares to impose sweeping 25% tariffs on all imports from Canada and Mexico. The move, set to take effect as early as Saturday, threatens to disrupt nearly $1.6 trillion in annual trade and drive up prices on a broad range of goods, from gasoline and groceries to automobiles and electronics. -
U.S. Economy Slows in Q4 as Business Investment Declines, Consumer Spending Holds Strong
The U.S. economy expanded at a slower pace in the final quarter of 2024, with gross domestic product (GDP) growing at an annualized rate of 2.3%, the Commerce Department reported Thursday. The figure fell short of economists' expectations of 2.5% growth and marked a slowdown from the third quarter's 3.1% expansion. 
The U.S. economy expanded at a slower pace in the final quarter of 2024, with gross domestic product (GDP) growing at an annualized rate of 2.3%, the Commerce Department reported Thursday. The figure fell short of economists' expectations of 2.5% growth and marked a slowdown from the third quarter's 3.1% expansion. -
Eurozone Economy Stalls in Q4 as Germany and France Contract, Pressuring ECB on Rate Cuts
The eurozone economy failed to grow in the fourth quarter of 2024, marking a sharp slowdown from the previous quarter and missing expectations for modest expansion. Flash figures released by Eurostat on Thursday showed that gross domestic product (GDP) was unchanged from the previous quarter, falling short of the anticipated 0.1% growth. 
The eurozone economy failed to grow in the fourth quarter of 2024, marking a sharp slowdown from the previous quarter and missing expectations for modest expansion. Flash figures released by Eurostat on Thursday showed that gross domestic product (GDP) was unchanged from the previous quarter, falling short of the anticipated 0.1% growth. -
Powell Holds Rates Steady, Rejects Trump’s Demand for Immediate Cuts
The Federal Reserve kept interest rates unchanged on Wednesday, pausing potential cuts as it assesses inflation and the broader economic landscape under President Donald Trump's second term. The decision, which leaves borrowing costs at a range of 4.25% to 4.5%, is expected to intensify tensions between the central bank and the White House, as Trump has repeatedly pushed for lower rates. 
The Federal Reserve kept interest rates unchanged on Wednesday, pausing potential cuts as it assesses inflation and the broader economic landscape under President Donald Trump's second term. The decision, which leaves borrowing costs at a range of 4.25% to 4.5%, is expected to intensify tensions between the central bank and the White House, as Trump has repeatedly pushed for lower rates. -
Fed Set to Hold Rates Steady as Trump Presses for Aggressive Cuts
The Federal Reserve is expected to hold its key interest rate steady this week, following three consecutive reductions totaling one percentage point. However, the path forward for interest rate policy remains uncertain, as policymakers grapple with the potential economic impacts of President Donald Trump's trade, tax, and immigration plans. 
The Federal Reserve is expected to hold its key interest rate steady this week, following three consecutive reductions totaling one percentage point. However, the path forward for interest rate policy remains uncertain, as policymakers grapple with the potential economic impacts of President Donald Trump's trade, tax, and immigration plans. -
Stimulus Falls Short as China’s Economic Momentum Stalls in January
China's economic recovery faltered in January, with factory activity contracting for the first time in four months, raising questions about the effectiveness of Beijing's stimulus measures and the prospects for sustained growth. 
China's economic recovery faltered in January, with factory activity contracting for the first time in four months, raising questions about the effectiveness of Beijing's stimulus measures and the prospects for sustained growth. -
Bank of Japan Raises Interest Rates to 17-Year High
The Bank of Japan raised its benchmark interest rate to 0.5% on Friday, marking its highest level since 2008, as the central bank moves to address persistent inflation and rising wages. The decision underscores a shift in monetary policy for a nation that has long struggled with stagnant price growth and economic stagnation. 
The Bank of Japan raised its benchmark interest rate to 0.5% on Friday, marking its highest level since 2008, as the central bank moves to address persistent inflation and rising wages. The decision underscores a shift in monetary policy for a nation that has long struggled with stagnant price growth and economic stagnation.
