Jerry Lin
The Latest
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Elizabeth Holmes, Disgraced Theranos CEO, Ordered to Prison and to Pay $452 Million in Restitution
The road to prison is clear for Elizabeth Holmes, the fallen CEO of Theranos, as her appeal to remain free was denied by a court on Tuesday. Holmes, once a Silicon Valley sensation, is facing an 11-year sentence and a hefty $452 million restitution fee for her role in a fraudulent blood-testing scheme. 
The road to prison is clear for Elizabeth Holmes, the fallen CEO of Theranos, as her appeal to remain free was denied by a court on Tuesday. Holmes, once a Silicon Valley sensation, is facing an 11-year sentence and a hefty $452 million restitution fee for her role in a fraudulent blood-testing scheme. -
First Quarter Earnings Showcase Tencent's Resurgence Amidst Revenue Growth
Tencent Holdings Ltd, the Chinese technology behemoth, demonstrated a strong rebound in revenue growth in Q1 2023, overcoming the repercussions of the COVID-19 crisis and a regulatory clampdown on gaming licenses last year. The company's revenues exceeded analysts' projections, signaling a promising business recovery. 
Tencent Holdings Ltd, the Chinese technology behemoth, demonstrated a strong rebound in revenue growth in Q1 2023, overcoming the repercussions of the COVID-19 crisis and a regulatory clampdown on gaming licenses last year. The company's revenues exceeded analysts' projections, signaling a promising business recovery. -
Debate Erupts Among Fed Officials Over June Rate Hike Pause
On Tuesday, a number of Federal Reserve officials engaged in a "debate" over whether to pause the interest rate hikes in June. Notable hawkish official Mester believes a rate hike is necessary, while four other officials emphasized the need to closely monitor the impact of policy tightening. 
On Tuesday, a number of Federal Reserve officials engaged in a "debate" over whether to pause the interest rate hikes in June. Notable hawkish official Mester believes a rate hike is necessary, while four other officials emphasized the need to closely monitor the impact of policy tightening. -
Elon Musk Denounces 'Absurd' Subpoena Linking Him to Epstein Case
In the recent high-stakes lawsuit implicating JPMorgan Chase bank in alleged complicity with Jeffrey Epstein's sex trafficking operation, the spotlight has now turned to Tesla CEO Elon Musk, who was subpoenaed to provide testimony. However, Musk was quick to dismiss any connection with Epstein, dubbing the subpoena as "idiotic on so many levels" on social media. 
In the recent high-stakes lawsuit implicating JPMorgan Chase bank in alleged complicity with Jeffrey Epstein's sex trafficking operation, the spotlight has now turned to Tesla CEO Elon Musk, who was subpoenaed to provide testimony. However, Musk was quick to dismiss any connection with Epstein, dubbing the subpoena as "idiotic on so many levels" on social media. -
US Markets Overview: Regional Banks Suffer, S&P 500 Hits 5-Week Low, Apple Rises after Earnings, Gold Nears Historic Highs
Crisis in US regional banks intensifies, contributing to the decline in US stock markets. 
Crisis in US regional banks intensifies, contributing to the decline in US stock markets. -
Microsoft Serves as Financial Backer, Partners with AMD to Develop New AI Chip; AMD Shares Surge 10% Briefly
On Thursday, May 4, sources familiar with the matter said that Microsoft is providing financial support to strengthen AMD's efforts to develop AI chips, and is working with them to develop a self-developed AI chip codenamed Athena, part of Microsoft's multi-pronged approach to AI chip development. 
On Thursday, May 4, sources familiar with the matter said that Microsoft is providing financial support to strengthen AMD's efforts to develop AI chips, and is working with them to develop a self-developed AI chip codenamed Athena, part of Microsoft's multi-pronged approach to AI chip development. -
Saudi Arabia lowers oil prices for Asia after a violent drop in crude oil, with a smaller-than-expected decrease
Saudi Aramco has reduced the official selling prices for all regions in Asia for June. The company's main Arab light crude oil price is down to $2.55 per barrel above the regional benchmark, 25 cents lower than this month's price, and smaller than the market's expected 45 cent drop. As the energy market weakens, Saudi Arabia has lowered oil prices for Asia. 
Saudi Aramco has reduced the official selling prices for all regions in Asia for June. The company's main Arab light crude oil price is down to $2.55 per barrel above the regional benchmark, 25 cents lower than this month's price, and smaller than the market's expected 45 cent drop. As the energy market weakens, Saudi Arabia has lowered oil prices for Asia. -
ECB Raises Interest Rates by 25 Basis Points, Says 'High Rates Will Persist for a Long Time'
The European Central Bank (ECB) raised interest rates by 25 basis points as expected, warning that "inflation outlook remains too high for too long," suggesting further rate hikes in the future. 
The European Central Bank (ECB) raised interest rates by 25 basis points as expected, warning that "inflation outlook remains too high for too long," suggesting further rate hikes in the future. -
Oil Prices Plunge Over 5% Ahead of Federal Reserve Decision
On Wednesday, international oil prices continued to fall, extending the decline from the previous trading day as traders worried about the Federal Reserve's upcoming interest rate decision amid economic uncertainty. 
On Wednesday, international oil prices continued to fall, extending the decline from the previous trading day as traders worried about the Federal Reserve's upcoming interest rate decision amid economic uncertainty. -
Samsung Implements New Policy Limiting AI Use in the Workplace
According to an internal memo, Samsung has introduced a new policy this week, prohibiting employees from using generative artificial intelligence tools like OpenAI's ChatGPT and Google Bard in the workplace. 
According to an internal memo, Samsung has introduced a new policy this week, prohibiting employees from using generative artificial intelligence tools like OpenAI's ChatGPT and Google Bard in the workplace.
