Jerry Lin
The Latest
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Soaring Oil Prices Rattle the White House
As Biden touts "Bidenomics" for his re-election campaign, the sustained rise in crude oil has caused growing concerns within the White House. 
As Biden touts "Bidenomics" for his re-election campaign, the sustained rise in crude oil has caused growing concerns within the White House. -
Global Food Market Faces Turmoil: Rice Prices Soar to Near 12-Year High Amid Grain Deals
In a development that has sent shockwaves through the global food market, the world rice price index has surged to a near 12-year high, according to the Food and Agriculture Organization (FAO) of the United Nations. This surge, which occurred in July 2023, has been attributed to a combination of factors, including unfavorable weather conditions in key rice-producing regions and robust demand from importers. 
In a development that has sent shockwaves through the global food market, the world rice price index has surged to a near 12-year high, according to the Food and Agriculture Organization (FAO) of the United Nations. This surge, which occurred in July 2023, has been attributed to a combination of factors, including unfavorable weather conditions in key rice-producing regions and robust demand from importers. -
Wheat Prices Surge 4% Amid India's Consideration to Scrap 40% Import Tax
Global wheat prices took a leap on Friday, climbing 4%, amid news that India, the world's second-largest wheat producer, is contemplating scrapping its hefty import tax on the grain to ensure domestic food supply. 
Global wheat prices took a leap on Friday, climbing 4%, amid news that India, the world's second-largest wheat producer, is contemplating scrapping its hefty import tax on the grain to ensure domestic food supply. -
Salvatore Ferragamo's Profits Stumble: Failing to Sway Consumers Despite Brand Transformation
Salvatore Ferragamo's fortunes are dwindling. 
Salvatore Ferragamo's fortunes are dwindling. -
BYD's Billion Dollar Bet Stalls in India: Challenges and Opportunities for China's EV Titan
BYD, China's ambitious electric vehicle (EV) giant, recently encountered roadblocks in its international expansion, specifically in India. According to recent reports, BYD has decided to suspend its plan to invest $1 billion in building an electric car factory in India, a decision which has been conveyed to its local partner, Megha Engineering. 
BYD, China's ambitious electric vehicle (EV) giant, recently encountered roadblocks in its international expansion, specifically in India. According to recent reports, BYD has decided to suspend its plan to invest $1 billion in building an electric car factory in India, a decision which has been conveyed to its local partner, Megha Engineering. -
Apple Shifts 20% of iPhone Production to India Amid Market Expansion
Apple Inc. is setting its sights on India, intending to relocate at least 20% of its iPhone production to the country, according to a Nikkei Asia report on August 3. The tech giant reportedly sees potential in India's sales and manufacturing markets and is investing heavily in the production of the new iPhone 15 model in the country. 
Apple Inc. is setting its sights on India, intending to relocate at least 20% of its iPhone production to the country, according to a Nikkei Asia report on August 3. The tech giant reportedly sees potential in India's sales and manufacturing markets and is investing heavily in the production of the new iPhone 15 model in the country. -
Amazon Q2 Earnings Surpass Predictions, Futures Soar Nearly 8% After Hours
On August 3, after U.S. market close, Amazon announced its second-quarter earnings. The online retailer's Q2 revenue and Q3 guidance both exceeded market expectations. 
On August 3, after U.S. market close, Amazon announced its second-quarter earnings. The online retailer's Q2 revenue and Q3 guidance both exceeded market expectations. -
Oil Prices on the Rise! Reports Indicate Saudi Arabia May Extend 1 Million Barrel Cut Until September
OPEC+ main member countries are set to hold their bi-monthly meeting at 2 p.m. in Vienna to evaluate the state of the global oil market. Concurrently, Saudi Arabia will consider whether to continue its unilateral production cuts. 
OPEC+ main member countries are set to hold their bi-monthly meeting at 2 p.m. in Vienna to evaluate the state of the global oil market. Concurrently, Saudi Arabia will consider whether to continue its unilateral production cuts. -
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.
