Jerry Lin
The Latest
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Japan's Q2 GDP Surges Amid Export Boost, but Consumer Spending Wanes
TOKYO - Preliminary statistics released by the Japanese Cabinet Office on Aug. 15 reveal that Japan's Gross Domestic Product (GDP) rose 1.5% quarter-on-quarter in the second quarter of this year. When adjusted annually, it marks a significant 6.0% increase, exceeding expectations. 
TOKYO - Preliminary statistics released by the Japanese Cabinet Office on Aug. 15 reveal that Japan's Gross Domestic Product (GDP) rose 1.5% quarter-on-quarter in the second quarter of this year. When adjusted annually, it marks a significant 6.0% increase, exceeding expectations. -
Ferrari's Top Shareholder Acquires 15% of Philips Amid 60% Stock Plunge in Two Years
Eyeing the health tech sector, Ferrari's major shareholder doubles down on the beleaguered Philips. 
Eyeing the health tech sector, Ferrari's major shareholder doubles down on the beleaguered Philips. -
Russian Oil Revenue Hits Yearly High: Western Price Caps in Question?
July saw a surge in Russia's oil export revenue, breaking the ceiling set by the West. This revelation came from a report by the International Energy Agency (IEA) on August 11. 
July saw a surge in Russia's oil export revenue, breaking the ceiling set by the West. This revelation came from a report by the International Energy Agency (IEA) on August 11. -
Samsung Joins the AI Chip Race, To Produce 4nm AI Accelerator Chips for Groq
On August 14, U.S.-based AI chip firm Groq announced that Samsung Foundry's Taylor factory would produce its 4-nanometer AI accelerator chips. Groq's founder and CEO, Jonathan Ross, expressed that this collaboration with Samsung's 4nm process will mark a technological leap for Groq. 
On August 14, U.S.-based AI chip firm Groq announced that Samsung Foundry's Taylor factory would produce its 4-nanometer AI accelerator chips. Groq's founder and CEO, Jonathan Ross, expressed that this collaboration with Samsung's 4nm process will mark a technological leap for Groq. -
Russian Ruble Drops to 16-Month Low Amid Increased Capital Outflows
The Russian ruble has plummeted to its lowest level against the dollar in 16 months, largely due to surging military expenditures, declining export revenues, Western sanctions, and escalating capital outflows. The current exchange rate hovers around 1 dollar to 101.29 rubles. 
The Russian ruble has plummeted to its lowest level against the dollar in 16 months, largely due to surging military expenditures, declining export revenues, Western sanctions, and escalating capital outflows. The current exchange rate hovers around 1 dollar to 101.29 rubles. -
Soaring Food and Energy Prices Signal Global Inflation Resurgence
As food and energy prices surge, the previously cooling inflation in the Eurozone faces an uncertain direction. With this rise, will the European Central Bank's hawkish stance persist? 
As food and energy prices surge, the previously cooling inflation in the Eurozone faces an uncertain direction. With this rise, will the European Central Bank's hawkish stance persist? -
OpenAI's Fiery Burn Rate: Financial Meltdown in 2024?
While OpenAI has been hailed as the vanguard of the Fourth Industrial Revolution and the torchbearer for the AI wave, concerns over its financial sustainability have started to emerge. In the last six months, OpenAI's achievements and potential have kept both the tech community and the investor circles buzzing, even driving tech stocks to rally and diverting narratives from an interest rate-induced recession to a bullish surge. 
While OpenAI has been hailed as the vanguard of the Fourth Industrial Revolution and the torchbearer for the AI wave, concerns over its financial sustainability have started to emerge. In the last six months, OpenAI's achievements and potential have kept both the tech community and the investor circles buzzing, even driving tech stocks to rally and diverting narratives from an interest rate-induced recession to a bullish surge. -
Fed's Waiting Game: Soft Landing or Further Economic Downturn?
More economists, including officials from the Federal Reserve, predict that the U.S. might emerge from its recession. However, confirmation of this forecast won't likely arrive until 2024. 
More economists, including officials from the Federal Reserve, predict that the U.S. might emerge from its recession. However, confirmation of this forecast won't likely arrive until 2024. -
Coinbase Gains Backing from GOP Senator and Legal Scholars in SEC Battle
Coinbase, a leading American cryptocurrency exchange platform, has garnered significant support in its legal tussle with the U.S. Securities and Exchange Commission (SEC). Notably, Republican Senator Cynthia Lummis and a group of six esteemed legal scholars have stepped forward, filing amicus briefs in the U.S. District Court for the Southern District of New York, advocating for Coinbase's stance. 
Coinbase, a leading American cryptocurrency exchange platform, has garnered significant support in its legal tussle with the U.S. Securities and Exchange Commission (SEC). Notably, Republican Senator Cynthia Lummis and a group of six esteemed legal scholars have stepped forward, filing amicus briefs in the U.S. District Court for the Southern District of New York, advocating for Coinbase's stance. -
U.S. Department of Energy Pledges $1.2 Billion for Carbon Capture Tech; Buffett's Occidental Petroleum Reaps Benefits
In an effort to counteract escalating global warming issues, the U.S. Department of Energy announced on Friday, August 11, that it's investing $1.2 billion in technologies that extract carbon dioxide from the air. 
In an effort to counteract escalating global warming issues, the U.S. Department of Energy announced on Friday, August 11, that it's investing $1.2 billion in technologies that extract carbon dioxide from the air.
