Jerry Lin
The Latest
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Meta Faced with Unprecedented $1.3Bn Fine Over Privacy Concerns
Meta Platforms Inc. (META.O) is grappling with a landmark 1.2 billion euro ($1.3 billion) penalty imposed by its principal European Union privacy watchdog. The punitive measure, due to the company's controversial handling of user data, also mandates a halt on transferring user data to the United States within five months. 
Meta Platforms Inc. (META.O) is grappling with a landmark 1.2 billion euro ($1.3 billion) penalty imposed by its principal European Union privacy watchdog. The punitive measure, due to the company's controversial handling of user data, also mandates a halt on transferring user data to the United States within five months. -
U.S. Martkets Overview: Debt Negotiations Abruptly Halt, Stocks Turn Lower; Powell Hints at Pause in Rate Hikes Next Month, U.S. Bonds Jump; Yuan Launches Major Counterattack
Debt negotiation abruptly ceased, causing a downturn in U.S. stocks. Jerome Powell, Chairman of the Federal Reserve, hinted at a pause in rate hikes next month, sparking a surge in U.S. Treasury yields. The Chinese yuan made a strong comeback, rising over 600 points during the day. 
Debt negotiation abruptly ceased, causing a downturn in U.S. stocks. Jerome Powell, Chairman of the Federal Reserve, hinted at a pause in rate hikes next month, sparking a surge in U.S. Treasury yields. The Chinese yuan made a strong comeback, rising over 600 points during the day. -
Deposits Continue to Flee, Fed Still "Transfusing," US Banking Crisis is Not Over
The recent rally of regional U.S. banking stocks has led to market speculation that the banking crisis is over. However, ongoing outflows of bank deposits and the Federal Reserve's continued "transfusion" suggest the crisis persists. 
The recent rally of regional U.S. banking stocks has led to market speculation that the banking crisis is over. However, ongoing outflows of bank deposits and the Federal Reserve's continued "transfusion" suggest the crisis persists. -
Resilient Dollar Scales Seven-Week Summit Following Encouraging Economic Indicators and Debt Ceiling Optimism
The US dollar reached a new seven-week zenith on Thursday, buoyed by a second wave of robust economic data that dampened speculation about a potential Federal Reserve easing, and fostered by hopeful sentiments surrounding an imminent US debt ceiling deal to prevent a potential default. 
The US dollar reached a new seven-week zenith on Thursday, buoyed by a second wave of robust economic data that dampened speculation about a potential Federal Reserve easing, and fostered by hopeful sentiments surrounding an imminent US debt ceiling deal to prevent a potential default. -
After Four Weeks of Continuous Oil Price Drops, Russia Pulls Out "Ace" from Oil Market, Putin Says Production Cuts Aim to Support Oil Prices
On the day of Putin's speech, the Russian Deputy Prime Minister said on Wednesday that Russia had fulfilled its pledge to cut production this month and will continue to increase the export of crude oil by sea. 
On the day of Putin's speech, the Russian Deputy Prime Minister said on Wednesday that Russia had fulfilled its pledge to cut production this month and will continue to increase the export of crude oil by sea. -
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.
