Jerry Lin
The Latest
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Going Against Saudi Arabia? Russian Deputy Prime Minister Foresees No Cuts in OPEC+ Production in June, U.S. Oil Drops 4.5% Mid-Session
Russian Deputy Prime Minister Novak stated on Thursday that it's unlikely that OPEC+ will take new measures at its first face-to-face meeting in six months on June 4, following a decision to cut production in April. This is due to some countries making voluntary cuts a month ago, in response to the slow pace of global economic recovery. 
Russian Deputy Prime Minister Novak stated on Thursday that it's unlikely that OPEC+ will take new measures at its first face-to-face meeting in six months on June 4, following a decision to cut production in April. This is due to some countries making voluntary cuts a month ago, in response to the slow pace of global economic recovery. -
Nvidia Soars 24%, Bolstering Nasdaq and S&P Rebound, Amid Overhanging Threat of Debt Default, Dow Slides for Fifth Consecutive Day
Nvidia soars by 24%, bolstering the rebound of Nasdaq and S&P 500 as the threat of debt default looms. The Dow Jones Index tumbles for the fifth consecutive day. 
Nvidia soars by 24%, bolstering the rebound of Nasdaq and S&P 500 as the threat of debt default looms. The Dow Jones Index tumbles for the fifth consecutive day. -
Emerging Gold Frontier: UAE Becomes Major Trade Hub for Russian Gold Amid Sanctions
Since Western sanctions imposed due to the Ukraine conflict disrupted Russia's conventional export routes, the United Arab Emirates (UAE) has emerged as a primary destination for Russian gold, according to Russian customs records. 
Since Western sanctions imposed due to the Ukraine conflict disrupted Russia's conventional export routes, the United Arab Emirates (UAE) has emerged as a primary destination for Russian gold, according to Russian customs records. -
Panic over Debt Negotiations Leads to Four-Day Consecutive Fall in Dow, European Luxury Stocks See Two-Day Decline, Yield on Ultra-Short-Term US Bonds Surpasses 7%
Panic over debt negotiations has led to a four-day slide in the Dow Jones Industrial Average and two consecutive drops in European luxury stocks. The yield on ultra-short U.S. bonds has risen above 7% due to fears that a debt ceiling agreement will not be reached in time. 
Panic over debt negotiations has led to a four-day slide in the Dow Jones Industrial Average and two consecutive drops in European luxury stocks. The yield on ultra-short U.S. bonds has risen above 7% due to fears that a debt ceiling agreement will not be reached in time. -
Apple's iOS 17 Targets User Well-being with Journaling, Mood Tracking; Bolsters Other Apps
Apple's forthcoming iOS 17, set to be unveiled in June, is reportedly incorporating a specialized journaling application, as indicated by Mark Gurman of Bloomberg. The Wall Street Journal earlier disclosed Apple's endeavors on a journaling app akin to Day One's style, yet it was uncertain whether it would materialize in iOS 17. 
Apple's forthcoming iOS 17, set to be unveiled in June, is reportedly incorporating a specialized journaling application, as indicated by Mark Gurman of Bloomberg. The Wall Street Journal earlier disclosed Apple's endeavors on a journaling app akin to Day One's style, yet it was uncertain whether it would materialize in iOS 17. -
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.
