Jerry Lin
The Latest
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Bitcoin Surges to Record $118,872 as ETF Inflows Hit $1.18 Billion, Crypto Stocks Rally Ahead of Congressional Hearings
Bitcoin soared to an all-time high Friday, surpassing $118,000 as institutional investors poured money into crypto-linked exchange-traded funds ahead of a pivotal week for digital asset legislation on Capitol Hill. The flagship cryptocurrency climbed as high as $118,872.85 and was last trading up 3% at $117,297.10, according to Coin Metrics. Ether followed suit, rising nearly 6% to $2,976.90 after breaching the $3,000 mark for the first time since February. 
Bitcoin soared to an all-time high Friday, surpassing $118,000 as institutional investors poured money into crypto-linked exchange-traded funds ahead of a pivotal week for digital asset legislation on Capitol Hill. The flagship cryptocurrency climbed as high as $118,872.85 and was last trading up 3% at $117,297.10, according to Coin Metrics. Ether followed suit, rising nearly 6% to $2,976.90 after breaching the $3,000 mark for the first time since February. -
Jamie Dimon Warns EU Is ‘Losing’ to U.S. and China, Flags Market Complacency on Tariffs and Rates
Jamie Dimon, CEO of JPMorgan Chase, delivered a stark warning to European policymakers and financial markets on Thursday, declaring that Europe is "losing" its competitive edge to both the United States and China while investors are increasingly ignoring economic red flags tied to trade, inflation, and monetary policy. 
Jamie Dimon, CEO of JPMorgan Chase, delivered a stark warning to European policymakers and financial markets on Thursday, declaring that Europe is "losing" its competitive edge to both the United States and China while investors are increasingly ignoring economic red flags tied to trade, inflation, and monetary policy. -
Prices Begin Climbing as Trump’s Tariffs Hit U.S. Consumers
Prices on consumer goods ranging from toys to t-shirts are beginning to climb under the weight of President Donald Trump's aggressive tariff policies, with economists warning that the trend marks the early stages of broader inflationary pressure. 
Prices on consumer goods ranging from toys to t-shirts are beginning to climb under the weight of President Donald Trump's aggressive tariff policies, with economists warning that the trend marks the early stages of broader inflationary pressure. -
China’s Producer Prices Tumble 3.6% in June as Deflation Grips Manufacturing Sector
China's factory-gate prices fell 3.6% in June from a year earlier, the steepest drop since July 2023, according to the National Bureau of Statistics. The decline, deeper than the 3.2% fall forecast by economists in a Reuters poll, underscores intensifying deflationary pressure across the world's second-largest economy amid persistent oversupply, waning consumer demand, and global trade tensions. 
China's factory-gate prices fell 3.6% in June from a year earlier, the steepest drop since July 2023, according to the National Bureau of Statistics. The decline, deeper than the 3.2% fall forecast by economists in a Reuters poll, underscores intensifying deflationary pressure across the world's second-largest economy amid persistent oversupply, waning consumer demand, and global trade tensions. -
Oil Prices Rise 1.1% Despite OPEC+ Output Hike and U.S. Tariff Concerns
Oil prices edged higher Monday even after OPEC+ announced a larger-than-expected supply boost for August, with the physical market's tightness providing a cushion against the potentially bearish impact. Brent crude rose 1.1% to $69.05 per barrel by 10:20 a.m. ET, recovering from an earlier low of $67.22. U.S. West Texas Intermediate (WTI) crude climbed 0.78% to $67.52 after briefly falling to $65.40. 
Oil prices edged higher Monday even after OPEC+ announced a larger-than-expected supply boost for August, with the physical market's tightness providing a cushion against the potentially bearish impact. Brent crude rose 1.1% to $69.05 per barrel by 10:20 a.m. ET, recovering from an earlier low of $67.22. U.S. West Texas Intermediate (WTI) crude climbed 0.78% to $67.52 after briefly falling to $65.40. -
Oil Prices Dip as U.S. Crude Stockpile Surges and OPEC+ Eyes 411,000-Barrel Output Hike
Oil prices edged lower Thursday as markets weighed an unexpected U.S. crude inventory build, looming OPEC+ production increases, and uncertainty over President Donald Trump's tariff policy. Brent crude futures settled at $68.80 per barrel, down 31 cents or 0.45%, while U.S. West Texas Intermediate fell 45 cents, or 0.67%, to $67.00 in pre-holiday trading. 
Oil prices edged lower Thursday as markets weighed an unexpected U.S. crude inventory build, looming OPEC+ production increases, and uncertainty over President Donald Trump's tariff policy. Brent crude futures settled at $68.80 per barrel, down 31 cents or 0.45%, while U.S. West Texas Intermediate fell 45 cents, or 0.67%, to $67.00 in pre-holiday trading. -
U.S. Adds 147,000 Jobs in June as Unemployment Dips, But Private Hiring Weakens
The U.S. economy added 147,000 jobs in June and the unemployment rate fell to 4.1%, signaling continued labor market resilience even as hiring momentum slows and signs of weakness emerge in private-sector employment. The figures, released Thursday by the Bureau of Labor Statistics, surpassed expectations of 117,500 jobs and marked a modest increase from May's revised total of 144,000. 
The U.S. economy added 147,000 jobs in June and the unemployment rate fell to 4.1%, signaling continued labor market resilience even as hiring momentum slows and signs of weakness emerge in private-sector employment. The figures, released Thursday by the Bureau of Labor Statistics, surpassed expectations of 117,500 jobs and marked a modest increase from May's revised total of 144,000. -
U.S. Private Sector Sheds 33,000 Jobs in June as Hiring Slows Across Key Service Industries
U.S. private payrolls unexpectedly declined in June, with employers cutting 33,000 jobs-the first monthly drop since March 2023-signaling growing caution across the labor market even as layoffs remained historically low, according to a Wednesday report from ADP and the Stanford Digital Economy Lab. 
U.S. private payrolls unexpectedly declined in June, with employers cutting 33,000 jobs-the first monthly drop since March 2023-signaling growing caution across the labor market even as layoffs remained historically low, according to a Wednesday report from ADP and the Stanford Digital Economy Lab. -
China's Manufacturing PMI Contracts for Third Month as Export Woes, Deflation Persist
China's factory activity contracted for the third consecutive month in June, with the official manufacturing purchasing managers' index rising slightly to 49.7 from 49.5 in May, according to the National Bureau of Statistics. While the figure met analysts' expectations, it remained below the 50-point threshold separating expansion from contraction, signaling continued strain on the world's second-largest economy. 
China's factory activity contracted for the third consecutive month in June, with the official manufacturing purchasing managers' index rising slightly to 49.7 from 49.5 in May, according to the National Bureau of Statistics. While the figure met analysts' expectations, it remained below the 50-point threshold separating expansion from contraction, signaling continued strain on the world's second-largest economy. -
Fed Proposes $223 Billion Capital Cut for Big Banks Amid Internal Dissent
The Federal Reserve on Wednesday advanced a proposal to ease capital requirements for the nation's largest banks, marking a significant regulatory shift that has sparked division among policymakers and reignited concerns over systemic financial risk. The move would lower the enhanced supplementary leverage ratio (eSLR), a post-crisis safeguard meant to ensure banks hold adequate capital to absorb losses. 
The Federal Reserve on Wednesday advanced a proposal to ease capital requirements for the nation's largest banks, marking a significant regulatory shift that has sparked division among policymakers and reignited concerns over systemic financial risk. The move would lower the enhanced supplementary leverage ratio (eSLR), a post-crisis safeguard meant to ensure banks hold adequate capital to absorb losses.
