Jerry Lin
The Latest
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Brainard Predicts U.S. Inflation Could Drop to 2% by Year's End with Current Policies
On Thursday, June 29, Lael Brainard, President Biden's Chief Economic Advisor and the Director of the National Economic Council, said that the U.S. inflation data should improve in the second half of the year and likely drop to around 2% by the time of the November 2024 elections. 
On Thursday, June 29, Lael Brainard, President Biden's Chief Economic Advisor and the Director of the National Economic Council, said that the U.S. inflation data should improve in the second half of the year and likely drop to around 2% by the time of the November 2024 elections. -
Shein Denies Rumors of U.S. IPO Despite Media Reports
Online fashion retailer Shein, reportedly valued over $60 billion, denied rumors that the company is planning to go public in the United States, according to a company spokesperson's email. This follows media reports suggesting that the Chinese company had filed an application for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). 
Online fashion retailer Shein, reportedly valued over $60 billion, denied rumors that the company is planning to go public in the United States, according to a company spokesperson's email. This follows media reports suggesting that the Chinese company had filed an application for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). -
Robust Consumer Spending Fuels Surprising First-Quarter U.S. GDP Growth
In an unexpected turn of events, the U.S. economy's annual growth rate for the first quarter of 2023 has been revised upwards by 0.7%, to a solid 2%, exceeding market expectations of 1.4%, according to final data from the U.S. Department of Commerce, published on June 29. 
In an unexpected turn of events, the U.S. economy's annual growth rate for the first quarter of 2023 has been revised upwards by 0.7%, to a solid 2%, exceeding market expectations of 1.4%, according to final data from the U.S. Department of Commerce, published on June 29. -
Major Central Banks Tighten Grip: More Monetary Contractions Ahead
At a forum hosted by the European Central Bank, including the leaders of the Federal Reserve, European Central Bank, Bank of England, Banque de France, and Bank of Japan, the heads of central banks all indicated the possibility of further monetary tightening. 
At a forum hosted by the European Central Bank, including the leaders of the Federal Reserve, European Central Bank, Bank of England, Banque de France, and Bank of Japan, the heads of central banks all indicated the possibility of further monetary tightening. -
Potential New U.S. Chip Sanctions Against China Weighs Down Nvidia's Stock
According to a report from Reuters, unnamed sources cited by the Wall Street Journal on June 27 suggested that the Biden administration is considering implementing new sanctions on exports of artificial intelligence chips to China. The rationale behind this potential action arises from concerns that China might use these chips, produced by Nvidia and other companies, for weapons development and cyberattacks. 
According to a report from Reuters, unnamed sources cited by the Wall Street Journal on June 27 suggested that the Biden administration is considering implementing new sanctions on exports of artificial intelligence chips to China. The rationale behind this potential action arises from concerns that China might use these chips, produced by Nvidia and other companies, for weapons development and cyberattacks. -
Hong Kong's Film Industry Grapples with Censorship Laws: Creativity, Funding, and Actors at Stake
The Hong Kong film industry is grappling with the daunting challenges posed by the newly imposed censorship law. Renowned director Kiwi Chow, known for his globally recognized documentary on Hong Kong's democracy movement, found himself seeking new funding avenues to finish his latest film after potential investors retreated over political fears. 
The Hong Kong film industry is grappling with the daunting challenges posed by the newly imposed censorship law. Renowned director Kiwi Chow, known for his globally recognized documentary on Hong Kong's democracy movement, found himself seeking new funding avenues to finish his latest film after potential investors retreated over political fears. -
Google Hit with Wall Street Downgrade Due to Swift AI Development: Impact on Advertising?
Google, a tech giant, once again felt the pinch of a Wall Street rating downgrade this past Tuesday. Bernstein, a financial research and management firm, issued a warning that Google's rapid advancements in Artificial Intelligence (AI) could pose a threat to its advertising business. 
Google, a tech giant, once again felt the pinch of a Wall Street rating downgrade this past Tuesday. Bernstein, a financial research and management firm, issued a warning that Google's rapid advancements in Artificial Intelligence (AI) could pose a threat to its advertising business. -
Unity's Stock Jumps 15% with AI Market Launch: CEO Claims AI Will Revolutionize Gaming
On Tuesday, Unity's shares surged over 15% after the company introduced an AI software marketplace, the AI Hub, in its Unity Asset Store. This launch is aimed at accelerating the development of AI-driven games and enhancing gameplay. 
On Tuesday, Unity's shares surged over 15% after the company introduced an AI software marketplace, the AI Hub, in its Unity Asset Store. This launch is aimed at accelerating the development of AI-driven games and enhancing gameplay. -
Market Overview: US Economy Shows Resilience as Tech Stocks Lead Market Rebound; NIO Surges Over 11%
Promising economic data released on Tuesday signaled a resilient US economy: Orders for durable goods in May surprisingly grew 1.7% month-over-month, reflecting a 0.7% increase in new business capital investments in core capital goods. Though the growth rate for April was revised downwards, suggesting cautious corporate investment, it was still better than the predicted stagnation. 
Promising economic data released on Tuesday signaled a resilient US economy: Orders for durable goods in May surprisingly grew 1.7% month-over-month, reflecting a 0.7% increase in new business capital investments in core capital goods. Though the growth rate for April was revised downwards, suggesting cautious corporate investment, it was still better than the predicted stagnation. -
China's Baidu Claims Its Ernie 3.5 AI Outperforms ChatGPT in Key Areas
In the ongoing quest for AI supremacy, China's top search engine provider, Baidu Inc., has claimed that its latest artificial intelligence (AI) model, Ernie 3.5, outpaces the globally recognized Microsoft-backed OpenAI chatbot, ChatGPT, on various crucial performance metrics. 
In the ongoing quest for AI supremacy, China's top search engine provider, Baidu Inc., has claimed that its latest artificial intelligence (AI) model, Ernie 3.5, outpaces the globally recognized Microsoft-backed OpenAI chatbot, ChatGPT, on various crucial performance metrics.
