Jerry Lin
The Latest
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China Experiences Economic Surge in Q1, Global Challenges Loom Over Recovery
China's economy reported faster-than-anticipated growth in Q1 as the easing of strict COVID restrictions allowed businesses and consumers to recover from the pandemic's impact. However, the global slowdown presents potential obstacles to a stable outlook. China's economy reported faster-than-anticipated growth in Q1 as the easing of strict COVID restrictions allowed businesses and consumers to recover from the pandemic's impact. However, the global slowdown presents potential obstacles to a stable outlook. -
China's Electric Vehicle Surge, Spearheaded by BYD, Outpaces Global Brands
As China's automotive market, the world's largest, swiftly transitions towards electric vehicles, homegrown brands are leaving international competitors behind. The upcoming Shanghai Auto Show, starting Tuesday, will showcase a dramatically altered landscape compared to the 2021 event, held under strict COVID-19 restrictions. As China's automotive market, the world's largest, swiftly transitions towards electric vehicles, homegrown brands are leaving international competitors behind. The upcoming Shanghai Auto Show, starting Tuesday, will showcase a dramatically altered landscape compared to the 2021 event, held under strict COVID-19 restrictions. -
Crypto Market Faces Headwinds as Rising Bond Yields Bolster US Dollar
On Monday, major cryptocurrencies experienced moderate losses as the US dollar index climbed alongside Treasury yields, indicating the market's increasing acceptance of the Federal Reserve's ongoing liquidity tightening cycle. CoinDesk's Bitcoin (BTC) price index dipped below $30,000, reflecting a 1.7% decline over the past 24 hours. On Monday, major cryptocurrencies experienced moderate losses as the US dollar index climbed alongside Treasury yields, indicating the market's increasing acceptance of the Federal Reserve's ongoing liquidity tightening cycle. CoinDesk's Bitcoin (BTC) price index dipped below $30,000, reflecting a 1.7% decline over the past 24 hours. -
Tesla Shanghai Workers Express Discontent Over Bonus Cuts, Seek Elon Musk's Attention
Tesla's Shanghai factory workers have voiced their dissatisfaction on social media platforms, including directly addressing Elon Musk, after being informed about reductions in their performance bonuses over the weekend, according to online posts and employees who spoke to Reuters. Tesla's Shanghai factory workers have voiced their dissatisfaction on social media platforms, including directly addressing Elon Musk, after being informed about reductions in their performance bonuses over the weekend, according to online posts and employees who spoke to Reuters. -
Xiaomi Refutes Ukraine's 'War Sponsor' Allegations, Stresses Commitment to World Peace
Ukraine's National Agency on Corruption Prevention (NACP) has labeled Chinese smartphone manufacturer Xiaomi, its founder and CEO Lei Jun, and 12 other executives as "international war sponsors." The NACP accuses the Beijing-based company of continuing business in Russia despite its military actions in Ukraine. Ukraine's National Agency on Corruption Prevention (NACP) has labeled Chinese smartphone manufacturer Xiaomi, its founder and CEO Lei Jun, and 12 other executives as "international war sponsors." The NACP accuses the Beijing-based company of continuing business in Russia despite its military actions in Ukraine. -
Singapore Wealth Organization Refutes Claims of Suppressed Information on China-Related Fund Inflows
On Friday, a private banking industry group in Singapore refuted a media report claiming that the city-state had requested global banks to refrain from disclosing information about wealth inflows from China over the past year due to political sensitivities. On Friday, a private banking industry group in Singapore refuted a media report claiming that the city-state had requested global banks to refrain from disclosing information about wealth inflows from China over the past year due to political sensitivities. -
Boeing Stock Plummets as 737 MAX Deliveries Halted Due to Supplier Issue
Boeing Co's (BA.N) shares experienced a 4.5% drop in premarket trading on Friday as the company paused deliveries of some 737 MAXs following a new supplier quality issue involving Spirit AeroSystems (SPR.N). Spirit, responsible for manufacturing fuselage, thrust reversers, engine pylons, and wing components for the 737 MAX airplanes, saw its shares plummet over 11.7%. Boeing Co's (BA.N) shares experienced a 4.5% drop in premarket trading on Friday as the company paused deliveries of some 737 MAXs following a new supplier quality issue involving Spirit AeroSystems (SPR.N). Spirit, responsible for manufacturing fuselage, thrust reversers, engine pylons, and wing components for the 737 MAX airplanes, saw its shares plummet over 11.7%. -
Twitter Introduces Content Subscription Feature for Users in Revenue Boosting Effort
On Thursday, Twitter owner Elon Musk announced that users of the social media platform will soon be able to offer their followers content subscriptions, including long-form text and extended video content. Users can access the feature through the "Monetization" tab in their settings. On Thursday, Twitter owner Elon Musk announced that users of the social media platform will soon be able to offer their followers content subscriptions, including long-form text and extended video content. Users can access the feature through the "Monetization" tab in their settings. -
Twitter and eToro Collaborate to Enable Stock and Crypto Trading as Musk Aims to Transform App into Financial Hub
In a partnership with social trading firm eToro, Twitter will allow its users to access stocks, cryptocurrencies, and other financial assets. Beginning Thursday, the Twitter app will introduce a new feature that enables users to view market charts for a broader range of financial instruments and buy and sell stocks and other assets through eToro, as exclusively reported by CNBC. In a partnership with social trading firm eToro, Twitter will allow its users to access stocks, cryptocurrencies, and other financial assets. Beginning Thursday, the Twitter app will introduce a new feature that enables users to view market charts for a broader range of financial instruments and buy and sell stocks and other assets through eToro, as exclusively reported by CNBC. -
Ether Surpasses $2,000 Following Shanghai Upgrade, Outperforming Bitcoin
Ether climbed to $2,003 on Thursday, achieving its highest level since August. This surge to an eight-month peak follows the successful implementation of the Shanghai, or Shapella, network upgrade. Ether climbed to $2,003 on Thursday, achieving its highest level since August. This surge to an eight-month peak follows the successful implementation of the Shanghai, or Shapella, network upgrade.