Jerry Lin
The Latest
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U.S. Jobless Claims Fall to 228,000 Despite Tariff Pressures and Fed Warning
The number of Americans filing initial claims for unemployment benefits fell more than expected last week, signaling ongoing labor market resilience even as economic uncertainty mounts over President Donald Trump's steep new tariffs and the Federal Reserve's warning of rising risks. 
The number of Americans filing initial claims for unemployment benefits fell more than expected last week, signaling ongoing labor market resilience even as economic uncertainty mounts over President Donald Trump's steep new tariffs and the Federal Reserve's warning of rising risks. -
Bank of England Cuts Rate to 4.25% Amid Trump Tariff Shock, Warns of Global Growth Risks
The Bank of England lowered its benchmark interest rate by 25 basis points to 4.25% on Thursday, citing the mounting impact of U.S. President Donald Trump's sweeping trade tariffs and the resulting slowdown in global growth. The decision, which revealed a rare split among policymakers, is the central bank's first move since the White House imposed a wide array of new levies on April 2. 
The Bank of England lowered its benchmark interest rate by 25 basis points to 4.25% on Thursday, citing the mounting impact of U.S. President Donald Trump's sweeping trade tariffs and the resulting slowdown in global growth. The decision, which revealed a rare split among policymakers, is the central bank's first move since the White House imposed a wide array of new levies on April 2. -
Ukraine Weighs Switching Currency Benchmark from Dollar to Euro - Report
Ukraine is considering a shift in its currency benchmark from the U.S. dollar to the euro, reflecting deeper ties with Europe and rising volatility in global markets, according to Central Bank Governor Andriy Pyshnyi. In a written statement to Reuters, Pyshnyi said the National Bank of Ukraine is reviewing whether the euro should replace the dollar as the reference currency for the hryvnia, a potential move linked to the country's future in the European Union and broader global realignments. 
Ukraine is considering a shift in its currency benchmark from the U.S. dollar to the euro, reflecting deeper ties with Europe and rising volatility in global markets, according to Central Bank Governor Andriy Pyshnyi. In a written statement to Reuters, Pyshnyi said the National Bank of Ukraine is reviewing whether the euro should replace the dollar as the reference currency for the hryvnia, a potential move linked to the country's future in the European Union and broader global realignments. -
Fed Defies Trump Rate Cut Demands, Warns of Economic Storm Ahead
The Federal Reserve held interest rates steady on Wednesday, maintaining its benchmark range at 4.25% to 4.5%, while warning of rising risks to both employment and inflation as the U.S. economy faces mounting pressure from President Donald Trump's aggressive tariff strategy. 
The Federal Reserve held interest rates steady on Wednesday, maintaining its benchmark range at 4.25% to 4.5%, while warning of rising risks to both employment and inflation as the U.S. economy faces mounting pressure from President Donald Trump's aggressive tariff strategy. -
EU Readies $114 Billion in U.S. Tariff Targets, Including Boeing Jets and Autos, if Talks With U.S. Break Down
The European Union is preparing to impose sweeping tariffs on U.S. goods-including Boeing aircraft and American-made cars-if trade negotiations with the Trump administration collapse, setting the stage for the first tariff escalation between the two aerospace powers since 2021. 
The European Union is preparing to impose sweeping tariffs on U.S. goods-including Boeing aircraft and American-made cars-if trade negotiations with the Trump administration collapse, setting the stage for the first tariff escalation between the two aerospace powers since 2021. -
EU Unveils Sweeping Plan to Ban All Russian Gas Imports by 2027
The European Union on Tuesday announced its most ambitious energy policy shift since the start of the Ukraine war, unveiling a roadmap to ban all Russian gas imports - both pipeline and liquefied - by the end of 2027. The plan also includes a proposal to halt all new contracts and spot purchases by the close of 2025, signaling a sharp turn in the bloc's energy strategy. 
The European Union on Tuesday announced its most ambitious energy policy shift since the start of the Ukraine war, unveiling a roadmap to ban all Russian gas imports - both pipeline and liquefied - by the end of 2027. The plan also includes a proposal to halt all new contracts and spot purchases by the close of 2025, signaling a sharp turn in the bloc's energy strategy. -
UK and India Seal Major Trade Pact as Trump Tariffs Reshape Global Commerce
The United Kingdom and India signed a sweeping bilateral trade agreement Tuesday, reducing tariffs on a wide array of goods including British whisky and automobiles, in a move both governments framed as a counterweight to rising global protectionism fueled by U.S. President Donald Trump's trade policies. 
The United Kingdom and India signed a sweeping bilateral trade agreement Tuesday, reducing tariffs on a wide array of goods including British whisky and automobiles, in a move both governments framed as a counterweight to rising global protectionism fueled by U.S. President Donald Trump's trade policies. -
Taiwan Dollar Soars to Two-Year High as Trump Tariffs Trigger Currency Turmoil
The Taiwan dollar surged nearly 8% over two days to its highest level in more than two years, marking a rare and dramatic move in Asia's currency markets that traders are attributing to fallout from President Donald Trump's escalating tariff measures and mounting pressure on key trading partners. 
The Taiwan dollar surged nearly 8% over two days to its highest level in more than two years, marking a rare and dramatic move in Asia's currency markets that traders are attributing to fallout from President Donald Trump's escalating tariff measures and mounting pressure on key trading partners. -
Oil Prices Drop Over 4% as OPEC+ Surprises Markets With New Production Surge
U.S. crude oil prices fell sharply on Sunday after OPEC+ agreed to ramp up production in June, intensifying supply pressures that have already driven oil down more than 20% since the start of the year. West Texas Intermediate crude dropped $2.49, or 4.27%, to $55.80 a barrel, while international benchmark Brent crude declined $2.39, or 3.9%, to $58.90 per barrel. 
U.S. crude oil prices fell sharply on Sunday after OPEC+ agreed to ramp up production in June, intensifying supply pressures that have already driven oil down more than 20% since the start of the year. West Texas Intermediate crude dropped $2.49, or 4.27%, to $55.80 a barrel, while international benchmark Brent crude declined $2.39, or 3.9%, to $58.90 per barrel. -
OPEC+ Locks In 411,000 Bpd June Hike as Oil Falls Below $62, Strains Budget for Members
OPEC+ has agreed to raise oil output by 411,000 barrels per day (bpd) in June, the second consecutive monthly increase, as the group continues unwinding its 2.2 million bpd production cut, despite falling oil prices and signs of softer demand. The decision followed a short online meeting on Saturday, which was moved up from May 5 to May 3 as internal tensions within the group intensified. 
OPEC+ has agreed to raise oil output by 411,000 barrels per day (bpd) in June, the second consecutive monthly increase, as the group continues unwinding its 2.2 million bpd production cut, despite falling oil prices and signs of softer demand. The decision followed a short online meeting on Saturday, which was moved up from May 5 to May 3 as internal tensions within the group intensified.
