Jerry Lin

Jerry Lin

The Latest

  • TSMC Delays Arizona Factory Production to 2025 Amid Skilled Labor Shortage
    TSMC
    Due to a shortage of skilled labor and rising costs, Taiwan Semiconductor Manufacturing Co. (TSMC) is forced to delay the launch of its factory in Arizona.
  • Apple Faces iPhone 15 Pro and Pro Max Supply Shortage Due to Manufacturing Issues
    NO SIM?
    According to insiders quoted by the media on Thursday, July 20th, Apple is encountering challenges while assembling the soon-to-be-released iPhone 15 Pro and Pro Max models. These challenges may result in a shortage of these two new models upon their release in September.
  • Netflix Stock Dips After Earnings Report, but Analysts Remain Bullish
    STREAMING
    Netflix, the streaming giant, recently reported its quarterly earnings, revealing a 2.7% rise in revenue to $8.2 billion, a figure that fell in line with the company's expectations. However, the increase was primarily attributed to a surge in new subscribers, rather than a significant uptick in advertising revenue.
  • Fed Unveils FedNow: A Game-Changer for Instant Payments
    U.S. Federal Reserve building
    In a significant move towards modernizing the financial system, the U.S. Federal Reserve has officially launched its much-anticipated instant payment service, FedNow. This new service will allow consumers and businesses to send and receive money in seconds, bringing the world's largest economy in line with other countries that have already adopted instant payment systems.
  • Blackstone Group Hits Trillion-Dollar Asset Milestone Amid Lowest Distributable Earnings in Two Years
    Blackstone Group
    Before the start of U.S. stock trading on July 20, Blackstone Group, the world's largest asset management group, announced its Q2 performance.
  • Tesla Battles Profit Dip and Margin Squeeze: How Long Will the Impact of Price Reductions Last?
    IN FULL SWING
    Tesla, the global frontrunner in new energy vehicles, released its Q2 financials on July 20. Among key indicators, the company's operational revenue hit a record $24.927 billion, a 47% increase YoY, exceeding the market's overall forecast of $24.3 billion.
  • CVC Capital Raises $29.2 Billion for Largest-Ever Buyout Fund
    CVC Capital Raises $29.2 Billion for Largest-Ever Buyout Fund
    The Luxembourg-based private equity firm, CVC Capital, announced on Thursday that it has raised 26 billion euros (about $29.2), marking the largest buyout fund in history. This landmark development points to a warming trend in global investment activity, just as the Federal Reserve's rate hike phase nears its end.
  • AI Daily: Apple Develops 'Apple GPT' while OpenAI Announces Perks for VIP Users, and More
    Apple's iPhone privacy changes signal desire to enter advertising - RBC
    1. Salesforce Ups the Ante for AI Products after Microsoft; 2. Apple Covertly Developing AI Tool 'Apple GPT' - A Savior for Siri?; 3. Silicon Valley is All In for 'Automatic AI Entities' ; 4. Starting Next Week! OpenAI Presents Perks for VIP Users; 5. China's First Large Model that Understands Authors - Yuewen Miaobi.
  • China's Central Bank Boosts Cross-Border Financing, Offshore Yuan Rises Over 500 Points
    Dollar vs Yuan
    In a one-two punch aimed at stabilizing the renminbi, the People's Bank of China and the State Administration of Foreign Exchange have today raised the parameters for cross-border financing macroprudential regulation. This action has sparked a sharp rise in the value of the renminbi.
  • ASML's Profits Soar by 38% as Demand in China Remains Robust
     ASML Holding logo is seen at company's headquarters in Eindhoven
    Lithography giant ASML reported a substantial increase and beat expectations in both revenues and profits for the second quarter, consequently raising its annual sales forecast.
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