Jerry Lin
The Latest
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Italian Stocks Dive 2% Amid Proposed "Windfall Tax" on Banks, Weighing Heavily on European Equities
Bank Stocks Plunge in Europe Italy's unexpected decision to tax banks on their "excess profits" has weighed down European stocks, with bank shares taking the hardest hit. Bank Stocks Plunge in Europe Italy's unexpected decision to tax banks on their "excess profits" has weighed down European stocks, with bank shares taking the hardest hit. -
Morgan Stanley Sounds the Alarm: NVIDIA's Surge May Indicate AI Stock Bubble Nearing Peak
The artificial intelligence (AI) stocks that have been setting the pace in U.S. equities this year may be seeing their heyday nearing an end. The artificial intelligence (AI) stocks that have been setting the pace in U.S. equities this year may be seeing their heyday nearing an end. -
Amazon and FTC on Collision Course: E-commerce Giant's Final 'Ceremonial' Meetings Ahead of Antitrust Lawsuit
On August 7, sources informed media outlets that Amazon is set to individually meet with each member of the Federal Trade Commission (FTC) next week. The discussions will revolve around a potential antitrust lawsuit the FTC might launch against Amazon. This move is widely seen as a last ceremonial gathering before either heading to court or reaching a settlement. On August 7, sources informed media outlets that Amazon is set to individually meet with each member of the Federal Trade Commission (FTC) next week. The discussions will revolve around a potential antitrust lawsuit the FTC might launch against Amazon. This move is widely seen as a last ceremonial gathering before either heading to court or reaching a settlement. -
Hindenburg Research's Short Selling Storm: Over $170 Billion Wiped from Giants' Companies
Wall Street's short-selling institution, Hindenburg Research, which only has a handful of researchers, has made significant waves this year. It has targeted companies owned by three magnates, cumulatively erasing more than $170 billion of wealth. Wall Street's short-selling institution, Hindenburg Research, which only has a handful of researchers, has made significant waves this year. It has targeted companies owned by three magnates, cumulatively erasing more than $170 billion of wealth. -
Apple's iPhone 15 Pro Chip Deal Could Save Billions, TSMC to Shoulder the Cost
Apple may have spared billions of dollars in faulty costs for the advanced chip planned for the iPhone 15 Pro, which is set to debut next month. Apple may have spared billions of dollars in faulty costs for the advanced chip planned for the iPhone 15 Pro, which is set to debut next month. -
Tesla CFO Steps Down, Stirring Speculation on Musk's Successor and Dipping Stocks
In a recent filing to the U.S. Securities and Exchange Commission (SEC) on Monday, Tesla revealed that CFO Zachary Kirkhorn, 39, stepped down from his role on August 4. Vaibhav Taneja, the Chief Accounting Officer, was announced as Kirkhorn's successor and will hold both positions. In a recent filing to the U.S. Securities and Exchange Commission (SEC) on Monday, Tesla revealed that CFO Zachary Kirkhorn, 39, stepped down from his role on August 4. Vaibhav Taneja, the Chief Accounting Officer, was announced as Kirkhorn's successor and will hold both positions. -
Luxury Beauty Brands Hit by Resale Crackdown: La Prairie Sees Revenue Dip in Half a Year
Cosmetics Industry Responds to Resale Challenge Several top cosmetics companies have showcased the financial impact of their efforts to combat unauthorized reselling in their 2023 financial reports. Cosmetics Industry Responds to Resale Challenge Several top cosmetics companies have showcased the financial impact of their efforts to combat unauthorized reselling in their 2023 financial reports. -
Chinese Automakers Take Half the Market! Vietnamese EV Sales Set to Double, Aiming for 25% Annual Growth Over a Decade
Surge in the Vietnamese EV Market The Vietnamese electric vehicle (EV) market seems to be accelerating at an impressive pace. Surge in the Vietnamese EV Market The Vietnamese electric vehicle (EV) market seems to be accelerating at an impressive pace. -
Apple Declares Independence from Intel, Becomes a 'Chip Giant'
Silicon With the high-end product line, Mac Pro, now transitioning to its proprietary M2 Ultra chip, Apple's Mac lineup has completely abandoned Intel chips. Silicon With the high-end product line, Mac Pro, now transitioning to its proprietary M2 Ultra chip, Apple's Mac lineup has completely abandoned Intel chips. -
After Rice Restrictions, Will India Clamp Down on Sugar Exports Next?
Insufficient rainfall in India has taken a toll on its sugar output, leading to growing concerns that following the government's ban on certain rice exports, sugar might be the next target. Insufficient rainfall in India has taken a toll on its sugar output, leading to growing concerns that following the government's ban on certain rice exports, sugar might be the next target.