Jerry Lin
The Latest
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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. -
Tech Titans Choose Different Paths in XR: Meta Sticks with VR, Apple Pursues MR, Microsoft Snubs, Google Bows Out
The race to dominate the Extended Reality (XR) market is becoming increasingly differentiated, with tech behemoths like Meta, Apple, Microsoft, and Google each carving out their own paths. According to a Business Insider report, Google has halted its Augmented Reality (AR) headset project, dubbed Iris, opting instead to focus on building an AR software platform. 
The race to dominate the Extended Reality (XR) market is becoming increasingly differentiated, with tech behemoths like Meta, Apple, Microsoft, and Google each carving out their own paths. According to a Business Insider report, Google has halted its Augmented Reality (AR) headset project, dubbed Iris, opting instead to focus on building an AR software platform. -
China's Economic Outlook Dims, Stimulus Measures Anticipated as S&P Downgrades GDP Forecast
Amid growing calls for economic stimulation, S&P Global has revised down its prediction for China's 2023 GDP growth to 5.2%, a reduction from the previous estimate of 5.5%. This adjustment aligns with similar downgrades made by substantial investment banks like Goldman Sachs, marking the first time a worldwide credit rating agency has lowered China's projection this year. 
Amid growing calls for economic stimulation, S&P Global has revised down its prediction for China's 2023 GDP growth to 5.2%, a reduction from the previous estimate of 5.5%. This adjustment aligns with similar downgrades made by substantial investment banks like Goldman Sachs, marking the first time a worldwide credit rating agency has lowered China's projection this year. -
A Meteoric 260% Rise! What's Driving Socionext, the Crown Jewel of Japan's Chip Stocks?
Fueled by the AI boom, the shares of a small Japanese chip design company, Socionext, have skyrocketed over 200% since its listing last October. Particularly since mid-May of this year, the stock's surge has been especially swift, doubling its value in just over a month. 
Fueled by the AI boom, the shares of a small Japanese chip design company, Socionext, have skyrocketed over 200% since its listing last October. Particularly since mid-May of this year, the stock's surge has been especially swift, doubling its value in just over a month. -
ChatGPT's Momentum Slows: Who's Rising in the Global AI Arena?
On Monday, stocks in Shanghai and Shenzhen saw a sharp drop. The AI sector, which had been showing signs of weakness even before the holiday, took the biggest hit, with major AI players like Cambridge Technology, Sugon, and 360 reaching their maximum daily loss limit. Overseas AI stocks have also seen a significant slowdown in their rise. 
On Monday, stocks in Shanghai and Shenzhen saw a sharp drop. The AI sector, which had been showing signs of weakness even before the holiday, took the biggest hit, with major AI players like Cambridge Technology, Sugon, and 360 reaching their maximum daily loss limit. Overseas AI stocks have also seen a significant slowdown in their rise. -
Crypto Market Soars: Favorable Supreme Court Ruling Bolsters Coinbase, Bitcoin Hits Annual High
The cryptocurrency market received another boost after major Wall Street entities entered the arena. 
The cryptocurrency market received another boost after major Wall Street entities entered the arena. -
Oil Prices Stumble for Two Days Straight Amid Rising Central Bank Interest Rates Globally
International oil prices continued their decline on Friday, June 23, with a substantial drop in early New York trading. 
International oil prices continued their decline on Friday, June 23, with a substantial drop in early New York trading. -
Germany's Green Energy Future: A 20-Year Agreement with U.S. LNG Supplier Amid Russian Supply Cuts
Amid threats of a complete cessation of Russian gas supplies, Germany has inked a long-term import agreement for liquefied natural gas (LNG) with the U.S. The deal was signed on Friday, June 23, between Securing Energy for Europe (SEFE), a fully government-owned German company, and U.S.-based LNG supplier Venture Global LNG. 
Amid threats of a complete cessation of Russian gas supplies, Germany has inked a long-term import agreement for liquefied natural gas (LNG) with the U.S. The deal was signed on Friday, June 23, between Securing Energy for Europe (SEFE), a fully government-owned German company, and U.S.-based LNG supplier Venture Global LNG. -
Zuckerberg Emerges as Favorite in Musk's Proposed Tech Titan Showdown
In an unexpected twist, Mark Zuckerberg appears to have won the public's vote of confidence in a proposed face-off against Elon Musk. Both billionaires have seemingly committed to this cage match, prompting a social media frenzy. 
In an unexpected twist, Mark Zuckerberg appears to have won the public's vote of confidence in a proposed face-off against Elon Musk. Both billionaires have seemingly committed to this cage match, prompting a social media frenzy.
