Jerry Lin
The Latest
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U.S. crude oil inventories unexpectedly plunged by over 12 million barrels last week, leading to a 2.4% increase in U.S. oil prices.
Data from the U.S. Energy Information Administration (EIA) show U.S. crude oil inventories unexpectedly dropped by 12.456 million barrels last week, the largest decline since November last year, compared to an expected increase of 2 million barrels. 
Data from the U.S. Energy Information Administration (EIA) show U.S. crude oil inventories unexpectedly dropped by 12.456 million barrels last week, the largest decline since November last year, compared to an expected increase of 2 million barrels. -
US Market Overview: Debt negotiations pessimism spreads, S&P and Nasdaq fall more than 1%, luxury giants slump, U.S. bond yields spike and recede
The U.S. White House continues to negotiate with Republican members of Congress on the debt ceiling. Both President Biden and House Speaker McCarthy expressed optimism about reaching an agreement before June 1. 
The U.S. White House continues to negotiate with Republican members of Congress on the debt ceiling. Both President Biden and House Speaker McCarthy expressed optimism about reaching an agreement before June 1. -
Bitcoin Rally in the Offing as Hong Kong Opens Door to Retail Crypto Trading
The realm of cryptocurrency saw a welcome uplift on Tuesday as Hong Kong's Securities and Futures Commission (SFC) cleared the way for certain digital assets to be traded by retail investors from June 1. This decision has led to a ripple effect across the crypto market, boosting Bitcoin by 1.7% to a value of $27,293.64, as reported by Coin Metrics, while Ether also saw an almost 2% rise to $1,851.91. 
The realm of cryptocurrency saw a welcome uplift on Tuesday as Hong Kong's Securities and Futures Commission (SFC) cleared the way for certain digital assets to be traded by retail investors from June 1. This decision has led to a ripple effect across the crypto market, boosting Bitcoin by 1.7% to a value of $27,293.64, as reported by Coin Metrics, while Ether also saw an almost 2% rise to $1,851.91. -
Japan-centric Stocks Lure Chinese Investment Amid Skyrocketing Nikkei, Prompting Risk Advisories
Chinese investors are exhibiting escalating interest in Japan-focused equity funds, as the Nikkei Index soars to peaks unseen in over three decades. However, this growing enthusiasm has led fund managers to issue consecutive alerts about potential market hazards. 
Chinese investors are exhibiting escalating interest in Japan-focused equity funds, as the Nikkei Index soars to peaks unseen in over three decades. However, this growing enthusiasm has led fund managers to issue consecutive alerts about potential market hazards. -
TikTok Challenges Montana in Court over Proposed App Ban
TikTok, the prominent social media platform, has recently initiated a legal battle against the state of Montana in response to a newly passed law that seeks to prohibit the app's use within state lines. 
TikTok, the prominent social media platform, has recently initiated a legal battle against the state of Montana in response to a newly passed law that seeks to prohibit the app's use within state lines. -
Meta Faced with Unprecedented $1.3Bn Fine Over Privacy Concerns
Meta Platforms Inc. (META.O) is grappling with a landmark 1.2 billion euro ($1.3 billion) penalty imposed by its principal European Union privacy watchdog. The punitive measure, due to the company's controversial handling of user data, also mandates a halt on transferring user data to the United States within five months. 
Meta Platforms Inc. (META.O) is grappling with a landmark 1.2 billion euro ($1.3 billion) penalty imposed by its principal European Union privacy watchdog. The punitive measure, due to the company's controversial handling of user data, also mandates a halt on transferring user data to the United States within five months. -
U.S. Martkets Overview: Debt Negotiations Abruptly Halt, Stocks Turn Lower; Powell Hints at Pause in Rate Hikes Next Month, U.S. Bonds Jump; Yuan Launches Major Counterattack
Debt negotiation abruptly ceased, causing a downturn in U.S. stocks. Jerome Powell, Chairman of the Federal Reserve, hinted at a pause in rate hikes next month, sparking a surge in U.S. Treasury yields. The Chinese yuan made a strong comeback, rising over 600 points during the day. 
Debt negotiation abruptly ceased, causing a downturn in U.S. stocks. Jerome Powell, Chairman of the Federal Reserve, hinted at a pause in rate hikes next month, sparking a surge in U.S. Treasury yields. The Chinese yuan made a strong comeback, rising over 600 points during the day. -
Deposits Continue to Flee, Fed Still "Transfusing," US Banking Crisis is Not Over
The recent rally of regional U.S. banking stocks has led to market speculation that the banking crisis is over. However, ongoing outflows of bank deposits and the Federal Reserve's continued "transfusion" suggest the crisis persists. 
The recent rally of regional U.S. banking stocks has led to market speculation that the banking crisis is over. However, ongoing outflows of bank deposits and the Federal Reserve's continued "transfusion" suggest the crisis persists. -
Resilient Dollar Scales Seven-Week Summit Following Encouraging Economic Indicators and Debt Ceiling Optimism
The US dollar reached a new seven-week zenith on Thursday, buoyed by a second wave of robust economic data that dampened speculation about a potential Federal Reserve easing, and fostered by hopeful sentiments surrounding an imminent US debt ceiling deal to prevent a potential default. 
The US dollar reached a new seven-week zenith on Thursday, buoyed by a second wave of robust economic data that dampened speculation about a potential Federal Reserve easing, and fostered by hopeful sentiments surrounding an imminent US debt ceiling deal to prevent a potential default. -
After Four Weeks of Continuous Oil Price Drops, Russia Pulls Out "Ace" from Oil Market, Putin Says Production Cuts Aim to Support Oil Prices
On the day of Putin's speech, the Russian Deputy Prime Minister said on Wednesday that Russia had fulfilled its pledge to cut production this month and will continue to increase the export of crude oil by sea. On the day of Putin's speech, the Russian Deputy Prime Minister said on Wednesday that Russia had fulfilled its pledge to cut production this month and will continue to increase the export of crude oil by sea.
