Jerry Lin
The Latest
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Regional Bank Stocks Continue to Fall as Investors Await Federal Reserve Decision
U.S. stock indices fell collectively on Tuesday, with regional banks and oil stocks leading the decline. Investor concerns about the banking crisis, unease over the U.S. debt ceiling, and uncertainty about the Federal Reserve's future interest rate policy stance weighed on market risk appetite. 
U.S. stock indices fell collectively on Tuesday, with regional banks and oil stocks leading the decline. Investor concerns about the banking crisis, unease over the U.S. debt ceiling, and uncertainty about the Federal Reserve's future interest rate policy stance weighed on market risk appetite. -
Why Are US Regional Bank Stocks Plummeting After First Republic Bank's Rescue?
The collapse of First Republic Bank highlights long-standing weaknesses in the banking sector. The market now wonders which bank may need assistance next. Additionally, when the FDIC took over First Republic on Monday, it did not announce an expansion of deposit insurance coverage, disappointing some regional bank investors. 
The collapse of First Republic Bank highlights long-standing weaknesses in the banking sector. The market now wonders which bank may need assistance next. Additionally, when the FDIC took over First Republic on Monday, it did not announce an expansion of deposit insurance coverage, disappointing some regional bank investors. -
Tesla Raises Car Prices Across Markets, China Sees Biggest Increase
Global electric vehicle pioneer Tesla has been frequently adjusting the prices of its electric cars, and on Monday, it raised the prices of its two best-selling models. 
Global electric vehicle pioneer Tesla has been frequently adjusting the prices of its electric cars, and on Monday, it raised the prices of its two best-selling models. -
Eurozone Inflation Surges to 7%, but Core Inflation Eases to 5.6% in April: Is ECB Rate Hike Set to Halve?
While overall inflation in the Eurozone accelerated in April, core inflation unexpectedly slowed, raising expectations for a more modest 25 basis point interest rate hike by the European Central Bank (ECB) this week. 
While overall inflation in the Eurozone accelerated in April, core inflation unexpectedly slowed, raising expectations for a more modest 25 basis point interest rate hike by the European Central Bank (ECB) this week. -
Bitcoin Plummets Below $28k as Market Volatility Rattles Investors
TradingView data reveals that Bitcoin (BTC) started its decline late Sunday, intensifying early Monday as bears broke through the $29,000 support level and now target the $28,000 support. According to Jim Wyckoff, a senior technical analyst at Kitco, the late Sunday pressure caused May Bitcoin futures prices to weaken in early U.S. trading on Monday, describing the price action as "choppy and sideways." 
TradingView data reveals that Bitcoin (BTC) started its decline late Sunday, intensifying early Monday as bears broke through the $29,000 support level and now target the $28,000 support. According to Jim Wyckoff, a senior technical analyst at Kitco, the late Sunday pressure caused May Bitcoin futures prices to weaken in early U.S. trading on Monday, describing the price action as "choppy and sideways." -
Restoring Trade with China: A Slow and Steady Process for Australia
While China has eased restrictions on Australian imports after more than three years of political disputes, restoring trade has proven more difficult than initially halting it. Although a leaders meeting in late 2021 led to China relaxing coal restrictions in January, March's coal imports remained just a third of the 2016-2019 average. 
While China has eased restrictions on Australian imports after more than three years of political disputes, restoring trade has proven more difficult than initially halting it. Although a leaders meeting in late 2021 led to China relaxing coal restrictions in January, March's coal imports remained just a third of the 2016-2019 average. -
US House Committees Aim to Deliver Crypto Bill in Two Months: McHenry
Rep. Patrick McHenry, chair of the U.S. House Financial Services Committee, has revealed plans to develop legislation to regulate the cryptocurrency sector within the next two months. McHenry announced the timeline during CoinDesk's Consensus 2023 event, where he stated that the bill would be created in collaboration with the House Agriculture Committee after joint public hearings begin in May. 
Rep. Patrick McHenry, chair of the U.S. House Financial Services Committee, has revealed plans to develop legislation to regulate the cryptocurrency sector within the next two months. McHenry announced the timeline during CoinDesk's Consensus 2023 event, where he stated that the bill would be created in collaboration with the House Agriculture Committee after joint public hearings begin in May. -
First Republic Bank Auction Nears Conclusion, Deal Expected Before Asian Markets Open
As U.S. regulators work to finalize the sale of First Republic Bank this weekend, approximately half a dozen banks are actively bidding. Sources indicate that this could be the third major U.S. bank failure within two months. Citizens Financial Group Inc, PNC Financial Services Group, and JPMorgan Chase & Co are among the contenders for First Republic, participating in an auction process overseen by the Federal Deposit Insurance Corp. Bloomberg reports that US Bancorp was also invited by the FDIC to submit a bid. As U.S. regulators work to finalize the sale of First Republic Bank this weekend, approximately half a dozen banks are actively bidding. Sources indicate that this could be the third major U.S. bank failure within two months. Citizens Financial Group Inc, PNC Financial Services Group, and JPMorgan Chase & Co are among the contenders for First Republic, participating in an auction process overseen by the Federal Deposit Insurance Corp. Bloomberg reports that US Bancorp was also invited by the FDIC to submit a bid. -
Chinese Firms Shift Shares to Hong Kong Amid US Delisting Concerns
A significant number of US-listed Chinese companies are transferring large portions of their shares to Hong Kong, according to data from Hong Kong Exchanges & Clearing (HKEX) reported by The Wall Street Journal. This comes as audit disputes between China and the US have intensified, raising concerns about potential delistings. 
A significant number of US-listed Chinese companies are transferring large portions of their shares to Hong Kong, according to data from Hong Kong Exchanges & Clearing (HKEX) reported by The Wall Street Journal. This comes as audit disputes between China and the US have intensified, raising concerns about potential delistings. -
Eurozone Struggles with Stagflation: Q1 GDP Growth Falls Short, Germany Lags, French Harmonized CPI Rises to 6.9%
Eurozone's Q1 GDP growth, seasonally adjusted, fell to a record low of 1.3%, marking its fourth consecutive quarterly decline, lower than the expected 1.4% and previous value of 1.8%. The quarter-on-quarter growth rate stood at a meager 0.1%, weighed down by the lingering effects of the energy crisis, high inflation, and banking crisis. 
Eurozone's Q1 GDP growth, seasonally adjusted, fell to a record low of 1.3%, marking its fourth consecutive quarterly decline, lower than the expected 1.4% and previous value of 1.8%. The quarter-on-quarter growth rate stood at a meager 0.1%, weighed down by the lingering effects of the energy crisis, high inflation, and banking crisis.
