Jerry Lin
The Latest
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Vietnam's Power Shortage Worsens: Samsung, Foxconn Factories Bear the Brunt
On Friday, local time, The Wall Street Journal cited local sources in Vietnam, reporting that some production bases of Apple suppliers such as Foxconn and Luxshare Precision, as well as Samsung Electronics' base in Northern Vietnam, have received notices from local power companies. They were asked to consider rotating power outages or, at the very least, reducing electricity usage during peak hours. 
On Friday, local time, The Wall Street Journal cited local sources in Vietnam, reporting that some production bases of Apple suppliers such as Foxconn and Luxshare Precision, as well as Samsung Electronics' base in Northern Vietnam, have received notices from local power companies. They were asked to consider rotating power outages or, at the very least, reducing electricity usage during peak hours. -
UBS Clears Hurdle for Historic Acquisition of Credit Suisse, Completion Expected Next Week
On Friday, June 9, UBS CEO Sergio Ermotti hinted at the Swiss Economic Forum that the takeover of rival Credit Suisse would be finalized on June 12, marking the biggest banking deal since the global financial crisis in 2008. 
On Friday, June 9, UBS CEO Sergio Ermotti hinted at the Swiss Economic Forum that the takeover of rival Credit Suisse would be finalized on June 12, marking the biggest banking deal since the global financial crisis in 2008. -
JPMorgan Asset Management CIO Warns of Impending Recession: Calm Before the Storm
Despite the recent consistent rise of the U.S. stock market, with widespread expectations that the Federal Reserve is nearing the end of its rate hike cycle and will pause next week, Bob Michele, a Wall Street veteran of four decades and the Chief Investment Officer (CIO) of JPMorgan's Asset Management business, worries that this is only the calm before the storm of recession. 
Despite the recent consistent rise of the U.S. stock market, with widespread expectations that the Federal Reserve is nearing the end of its rate hike cycle and will pause next week, Bob Michele, a Wall Street veteran of four decades and the Chief Investment Officer (CIO) of JPMorgan's Asset Management business, worries that this is only the calm before the storm of recession. -
Netflix Surges After Cracking Down on Account Sharing: Record-breaking Subscriptions Propel Growth
According to a research report released on Friday, June 9, by research firm Antenna, Netflix saw a surge in subscribers after cracking down on user password sharing. 
According to a research report released on Friday, June 9, by research firm Antenna, Netflix saw a surge in subscribers after cracking down on user password sharing. -
Tesla surges yet again, extending its winning streak to 11 days! What's happening?
On Friday, Tesla stock spiked over 7.4% early in the trading session and is now up 5%, leading the rise in NASDAQ 100 index components. The stock is in its 11th consecutive trading day of gains, with a cumulative increase of over 38% in 11 days. 
On Friday, Tesla stock spiked over 7.4% early in the trading session and is now up 5%, leading the rise in NASDAQ 100 index components. The stock is in its 11th consecutive trading day of gains, with a cumulative increase of over 38% in 11 days. -
Elusive Binance CEO Changpeng Zhao Evades U.S. SEC, Forces Alternative Document Delivery
According to a Bloomberg report on Friday, the U.S. Securities and Exchange Commission (SEC) has requested a federal court to approve the use of "alternative methods" for delivering documents to Binance and Changpeng Zhao. 
According to a Bloomberg report on Friday, the U.S. Securities and Exchange Commission (SEC) has requested a federal court to approve the use of "alternative methods" for delivering documents to Binance and Changpeng Zhao. -
Binance, Coinbase Face Successive Lawsuits: What's Happening with U.S. Cryptocurrency Exchanges?
Following a lawsuit against Binance, the U.S. Securities and Exchange Commission (SEC) has sued another cryptocurrency exchange, Coinbase, accusing both platforms of operating as unregistered securities exchanges. 
Following a lawsuit against Binance, the U.S. Securities and Exchange Commission (SEC) has sued another cryptocurrency exchange, Coinbase, accusing both platforms of operating as unregistered securities exchanges. -
Crude Oil Plummets Over 4% as Saudi Arabia Cuts Production and Iran Deal Looms: U.S. Close to Agreement on Iranian Oil Exports
Saudi Arabia cuts production and Iran disrupts! Crude oil drops over 4% during trading, the U.S. is reportedly close to reaching a temporary agreement on Iranian oil exports. 
Saudi Arabia cuts production and Iran disrupts! Crude oil drops over 4% during trading, the U.S. is reportedly close to reaching a temporary agreement on Iranian oil exports. -
Eurozone, in Recession!
Due to the stubbornly high prices of energy and food, household spending has drastically slowed, and the Eurozone economy fell into a recession at the beginning of this year. 
Due to the stubbornly high prices of energy and food, household spending has drastically slowed, and the Eurozone economy fell into a recession at the beginning of this year. -
India's Stock Market set to reach new highs following the bull market in Japanese and South Korean stock markets
Following the bull market in Japanese and South Korean stock markets, India's stock market is set to reach new highs. This surge is due to a bounce in Adani Group's shares and an influx of foreign capital, returning strength to the Indian stock market, which has achieved record highs in recent years. 
Following the bull market in Japanese and South Korean stock markets, India's stock market is set to reach new highs. This surge is due to a bounce in Adani Group's shares and an influx of foreign capital, returning strength to the Indian stock market, which has achieved record highs in recent years.
