Jerry Lin
The Latest
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Beijing Prods Insurers and Funds to Invest Big in Struggling A-Shares
China unveiled an ambitious plan on Thursday to inject hundreds of billions of yuan into its stock markets as part of a coordinated effort to reverse stagnant performance and boost investor confidence. 
China unveiled an ambitious plan on Thursday to inject hundreds of billions of yuan into its stock markets as part of a coordinated effort to reverse stagnant performance and boost investor confidence. -
Gold Prices Near Record High Amid Trump’s Tariff Threats and Dollar Weakness
Gold prices surged to near-record levels on Wednesday as heightened trade policy uncertainty and a weakening U.S. dollar pushed investors toward safe-haven assets. Spot gold rose 0.4% to $2,755.2 per ounce, just shy of its October 2024 all-time high of $2,790.15. U.S. gold futures settled at $2,770.90, reflecting steady demand for the precious metal. 
Gold prices surged to near-record levels on Wednesday as heightened trade policy uncertainty and a weakening U.S. dollar pushed investors toward safe-haven assets. Spot gold rose 0.4% to $2,755.2 per ounce, just shy of its October 2024 all-time high of $2,790.15. U.S. gold futures settled at $2,770.90, reflecting steady demand for the precious metal. -
Trump’s SEC Launches Crypto Task Force, Sparking Optimism in Digital Asset Markets
President Donald Trump's administration has launched its first major initiative for the cryptocurrency industry, marking a shift toward clearer regulation for digital assets. On Tuesday, the Securities and Exchange Commission (SEC) announced the formation of a "crypto task force" aimed at developing comprehensive regulatory frameworks to foster innovation while protecting investors and market integrity. 
President Donald Trump's administration has launched its first major initiative for the cryptocurrency industry, marking a shift toward clearer regulation for digital assets. On Tuesday, the Securities and Exchange Commission (SEC) announced the formation of a "crypto task force" aimed at developing comprehensive regulatory frameworks to foster innovation while protecting investors and market integrity. -
Trump’s Crypto Promises Fall Short as Bitcoin Retreats from Inauguration Day Highs
Bitcoin and the broader cryptocurrency market experienced a sharp pullback following President Donald Trump's inauguration, tempering the industry's initial optimism about the new administration's potential impact on the sector. Bitcoin, which had soared to a record high of $109,350.72 on Monday, dropped to approximately $103,527.93 by Tuesday, reflecting a more cautious investor sentiment. 
Bitcoin and the broader cryptocurrency market experienced a sharp pullback following President Donald Trump's inauguration, tempering the industry's initial optimism about the new administration's potential impact on the sector. Bitcoin, which had soared to a record high of $109,350.72 on Monday, dropped to approximately $103,527.93 by Tuesday, reflecting a more cautious investor sentiment. -
Trump-Backed $TRUMP Coin Hits $13 Billion Market Cap and Makes Him a Billionaire Overnight
President-elect Donald Trump's latest venture into cryptocurrency has catapulted him into the billionaire ranks overnight, as his newly launched $TRUMP token skyrocketed to a $13 billion market capitalization within days. The coin, introduced with the slogan "Join the Trump Community. This is History in the Making!" has become a flashpoint for both financial speculation and ethical scrutiny, raising concerns about its implications given Trump's impending presidency. 
President-elect Donald Trump's latest venture into cryptocurrency has catapulted him into the billionaire ranks overnight, as his newly launched $TRUMP token skyrocketed to a $13 billion market capitalization within days. The coin, introduced with the slogan "Join the Trump Community. This is History in the Making!" has become a flashpoint for both financial speculation and ethical scrutiny, raising concerns about its implications given Trump's impending presidency. -
Federal Reserve Exits Global Climate Change Regulatory Group
The Federal Reserve announced on Friday its decision to withdraw from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition aimed at addressing climate-related financial risks. The Fed cited the group's expanding scope as exceeding its statutory mandate, marking a significant pivot in the U.S. central bank's approach to climate risk under the changing political climate. 
The Federal Reserve announced on Friday its decision to withdraw from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition aimed at addressing climate-related financial risks. The Fed cited the group's expanding scope as exceeding its statutory mandate, marking a significant pivot in the U.S. central bank's approach to climate risk under the changing political climate. -
Oil Prices Set for Fourth Consecutive Weekly Gain Amid Sanctions and Policy Uncertainty
Oil prices eased slightly on Friday but remained on track for a fourth straight week of gains, driven by concerns over tightening supply due to expanded U.S. sanctions on Russia and speculation about forthcoming energy policies under President-elect Donald Trump. 
Oil prices eased slightly on Friday but remained on track for a fourth straight week of gains, driven by concerns over tightening supply due to expanded U.S. sanctions on Russia and speculation about forthcoming energy policies under President-elect Donald Trump. -
Mortgage Rates Surpass 7% Amid Persistent Housing Market Challenges
Mortgage rates climbed above 7% for the first time since May, signaling continued affordability hurdles for prospective homebuyers. The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16, according to Freddie Mac, marking the fifth consecutive week of increases. This development underscores the resilience of economic forces that have kept borrowing costs elevated despite recent Federal Reserve actions to lower interest rates. 
Mortgage rates climbed above 7% for the first time since May, signaling continued affordability hurdles for prospective homebuyers. The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16, according to Freddie Mac, marking the fifth consecutive week of increases. This development underscores the resilience of economic forces that have kept borrowing costs elevated despite recent Federal Reserve actions to lower interest rates. -
Bitcoin Briefly Hits $100,000 Amid Cooling Inflation and Market Optimism
Bitcoin reached a milestone on Wednesday, briefly surpassing $100,000 as investors responded to fresh signs of easing inflation and a more favorable economic outlook. The cryptocurrency, which saw a 4% increase in 24 hours, reflected broader enthusiasm for risk assets, including equities, as expectations of a less aggressive Federal Reserve gained traction. 
Bitcoin reached a milestone on Wednesday, briefly surpassing $100,000 as investors responded to fresh signs of easing inflation and a more favorable economic outlook. The cryptocurrency, which saw a 4% increase in 24 hours, reflected broader enthusiasm for risk assets, including equities, as expectations of a less aggressive Federal Reserve gained traction. -
Germany’s Economy Shrinks 0.2% in 2024, Marking First Two-Year Decline in Two Decades
Germany's economy contracted by 0.2% in 2024, marking its second consecutive annual decline and the first two-year contraction since 2002-2003, according to data released Wednesday by the country's statistics office, Destatis. The figures highlight persistent structural and cyclical challenges in Europe's largest economy, including pressures on key industries and rising costs. 
Germany's economy contracted by 0.2% in 2024, marking its second consecutive annual decline and the first two-year contraction since 2002-2003, according to data released Wednesday by the country's statistics office, Destatis. The figures highlight persistent structural and cyclical challenges in Europe's largest economy, including pressures on key industries and rising costs.
