Jerry Lin
The Latest
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Global AI Investment Forecast to Soar to $200 Billion by 2025, Goldman Sachs Predicts
Goldman Sachs economists project that by 2025, global investment in Artificial Intelligence (AI) could reach up to $200 billion. 
Goldman Sachs economists project that by 2025, global investment in Artificial Intelligence (AI) could reach up to $200 billion. -
Bank of England Hikes Interest Rates Again, Slashes Future Economic Growth Forecasts
Following an unexpected 50-basis point hike in June, the Bank of England (BoE) has once again raised its rates, albeit at a slower pace, influenced by recent cooled inflation data. 
Following an unexpected 50-basis point hike in June, the Bank of England (BoE) has once again raised its rates, albeit at a slower pace, influenced by recent cooled inflation data. -
Goldman Sachs Bullish on Oil: Market Optimism Could Push Prices Up by 16%
Goldman Sachs, a significant player in commodity markets, suggests that the steady global economic growth, coupled with ongoing production cuts from OPEC+, could lead to a supply deficit in the oil market for the latter half of the year, consequently boosting oil prices. 
Goldman Sachs, a significant player in commodity markets, suggests that the steady global economic growth, coupled with ongoing production cuts from OPEC+, could lead to a supply deficit in the oil market for the latter half of the year, consequently boosting oil prices. -
Top Apple Analyst Guo Ming-Chi Forecasts Unexciting Q2 Results and Slow AI Progress for Apple
Apple shares dropped 1.6% overnight to a week and a half low, as the market anxiously awaits the company's quarterly report on Thursday. 
Apple shares dropped 1.6% overnight to a week and a half low, as the market anxiously awaits the company's quarterly report on Thursday. -
Apple and Goldman Sachs' $10B Savings Boom: Revolutionizing Mobile Banking in Just Over Three Months
On Wednesday, August 2, amidst widespread speculation of a possible split between Apple Inc. and Goldman Sachs, both companies revealed their jointly launched high-yield savings account had already reached a deposit balance of $10 billion in the U.S. This impressive milestone indicates their substantial strength in an American banking sector still recovering from turbulence. 
On Wednesday, August 2, amidst widespread speculation of a possible split between Apple Inc. and Goldman Sachs, both companies revealed their jointly launched high-yield savings account had already reached a deposit balance of $10 billion in the U.S. This impressive milestone indicates their substantial strength in an American banking sector still recovering from turbulence. -
Wall Street Responds Calmly to Fitch's U.S. Credit Downgrade: What's Next for U.S. Stocks, Dollar, and Bonds?
Following Fitch's move, Wall Street Journal noted that Moody's, another international credit rating agency, has not taken any action on the U.S.' credit rating. This week, the only adjustment made by Moody's to sovereign credit ratings of any country was downgrading Nigeria's rating to Caa2 and putting it under negative observation. Moody's remains the only one of the three major international rating agencies to have not downgraded the U.S.' rating. 
Following Fitch's move, Wall Street Journal noted that Moody's, another international credit rating agency, has not taken any action on the U.S.' credit rating. This week, the only adjustment made by Moody's to sovereign credit ratings of any country was downgrading Nigeria's rating to Caa2 and putting it under negative observation. Moody's remains the only one of the three major international rating agencies to have not downgraded the U.S.' rating. -
U.S. Treasury to Surpass Expectations in Upcoming Debt Issuance, Sending Bond Yields Skyrocketing
On Wednesday, the U.S. Treasury Department announced its quarterly refinancing plan, increasing the auction size of long-term bonds for the first time in two and a half years. The newly disclosed refinancing bond issuance total comes to $1.03 trillion, exceeding the $960 billion from the previous quarter in May and surpassing the $1.02 trillion forecasted earlier this week. 
On Wednesday, the U.S. Treasury Department announced its quarterly refinancing plan, increasing the auction size of long-term bonds for the first time in two and a half years. The newly disclosed refinancing bond issuance total comes to $1.03 trillion, exceeding the $960 billion from the previous quarter in May and surpassing the $1.02 trillion forecasted earlier this week. -
US EIA Crude Oil Inventories Plunge by 17.05 Million Barrels, Marking Historic Weekly Drop
Data released on Wednesday by the U.S. Energy Information Administration (EIA) showed a historic weekly drop in the country's crude oil inventories. For the week ending on July 28, the EIA's crude oil inventories plummeted by 17.05 million barrels, setting a record for the largest single-week decline and far exceeding the anticipated decrease of 1.05 million barrels, compared to the previous value of a 600,000 barrel reduction. The weekly drop in crude oil inventories along the U.S. Gulf of Mexico also made history. 
Data released on Wednesday by the U.S. Energy Information Administration (EIA) showed a historic weekly drop in the country's crude oil inventories. For the week ending on July 28, the EIA's crude oil inventories plummeted by 17.05 million barrels, setting a record for the largest single-week decline and far exceeding the anticipated decrease of 1.05 million barrels, compared to the previous value of a 600,000 barrel reduction. The weekly drop in crude oil inventories along the U.S. Gulf of Mexico also made history. -
OpenAI's Next Ace: GPT-5? Trademark Application Sparks Speculation
OpenAI, an artificial intelligence research company, is reportedly considering the introduction of a new Large Language Model (LLM) called "GPT-5". The company has allegedly submitted a trademark application for "GPT-5" to the United States Patent and Trademark Office (USPTO). OpenAI, an artificial intelligence research company, is reportedly considering the introduction of a new Large Language Model (LLM) called "GPT-5". The company has allegedly submitted a trademark application for "GPT-5" to the United States Patent and Trademark Office (USPTO). -
Xpeng's AI Director Wu Xinzhou Steps Down, Ascends to Top-Level Executive Role at Global Giant
Xpeng Motors, which recently landed a contract with Volkswagen thanks to its leading technological prowess, is set to lose a key figure in its research and development team. 
Xpeng Motors, which recently landed a contract with Volkswagen thanks to its leading technological prowess, is set to lose a key figure in its research and development team.
