Jerry Lin
The Latest
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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. -
Aggressive Interest Rate Hikes by US, UK Central Banks Send Oil Prices Plummeting: Global Oil Market in 'Eye of the Fragile Storm'
The aggressive rate hikes by central banks in the UK and the US have intensified worries about a global economic downturn and energy demand, sending oil prices crashing down. On Thursday, West Texas Intermediate (WTI) crude oil dropped by a staggering 4%, plunging below the $70 mark, and essentially erasing all gains made over the past week. 
The aggressive rate hikes by central banks in the UK and the US have intensified worries about a global economic downturn and energy demand, sending oil prices crashing down. On Thursday, West Texas Intermediate (WTI) crude oil dropped by a staggering 4%, plunging below the $70 mark, and essentially erasing all gains made over the past week. -
Amazon Cloud Challenges Microsoft, Google with $100M Generative AI Innovation Hub
Amazon is making a strong bid to catch up in the ongoing generative artificial intelligence (AI) race sparked by ChatGPT, pitting itself against tech giants like Microsoft and Google. 
Amazon is making a strong bid to catch up in the ongoing generative artificial intelligence (AI) race sparked by ChatGPT, pitting itself against tech giants like Microsoft and Google. -
Bank of England Shockingly Hikes Rate by 50bps: Market Expects Another Surge by August
Following a series of recent data reflecting stubbornly high inflation, from unemployment to the Consumer Price Index (CPI), the Bank of England (BoE) opted for an aggressive rate hike. 
Following a series of recent data reflecting stubbornly high inflation, from unemployment to the Consumer Price Index (CPI), the Bank of England (BoE) opted for an aggressive rate hike.
