Jerry Lin
The Latest
-
U.S. Inflation Edges Higher to 2.7% in November, Fed Rate Cuts on the Line
Inflation showed signs of accelerating in November, with the consumer price index (CPI) climbing 2.7% over the past 12 months, up slightly from October's 2.6%, according to data released Wednesday by the Bureau of Labor Statistics. On a monthly basis, prices rose 0.3%, marking a quicker pace than October's 0.2% increase. 
Inflation showed signs of accelerating in November, with the consumer price index (CPI) climbing 2.7% over the past 12 months, up slightly from October's 2.6%, according to data released Wednesday by the Bureau of Labor Statistics. On a monthly basis, prices rose 0.3%, marking a quicker pace than October's 0.2% increase. -
Oil Prices Jumps as Beijing’s Monetary Policy Fuels Demand Hopes; U.S. Weighs Tougher Russian Sanctions
Oil prices edged higher on Wednesday as hopes for increased demand from China and anticipation of key economic reports in the United States buoyed the market. Brent crude futures rose 1.04% to $72.94 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 1.09% to trade at $69.34. The optimism follows recent signals from Beijing that it will adopt an "appropriately loose" monetary policy in 2025 to spur economic growth. 
Oil prices edged higher on Wednesday as hopes for increased demand from China and anticipation of key economic reports in the United States buoyed the market. Brent crude futures rose 1.04% to $72.94 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 1.09% to trade at $69.34. The optimism follows recent signals from Beijing that it will adopt an "appropriately loose" monetary policy in 2025 to spur economic growth. -
China’s Exports Growth Slows to 6.7% in November, Imports Plunge Amid Weak Demand
China's trade surplus climbed to $97.4 billion in November, its largest in five months, despite slowing export growth and a steeper-than-expected decline in imports. The latest trade figures reflect challenges in sustaining momentum for the world's second-largest economy amid weak domestic demand and ongoing global trade tensions. 
China's trade surplus climbed to $97.4 billion in November, its largest in five months, despite slowing export growth and a steeper-than-expected decline in imports. The latest trade figures reflect challenges in sustaining momentum for the world's second-largest economy amid weak domestic demand and ongoing global trade tensions. -
China Unveils Ambitious Fiscal and Monetary Plans for 2025 to Bolster Growth
China's top leaders pledged on Monday to implement "more proactive" fiscal measures and adopt a "moderately loose" monetary policy in 2025, aiming to revitalize its economy amid domestic challenges and escalating tensions with the U.S. The announcements followed a key Politburo meeting, setting the stage for next year's economic agenda with a focus on stabilizing growth and boosting domestic consumption. 
China's top leaders pledged on Monday to implement "more proactive" fiscal measures and adopt a "moderately loose" monetary policy in 2025, aiming to revitalize its economy amid domestic challenges and escalating tensions with the U.S. The announcements followed a key Politburo meeting, setting the stage for next year's economic agenda with a focus on stabilizing growth and boosting domestic consumption. -
Oil Prices Rise Amid Middle East Turmoil and China’s Monetary Policy Shift
Oil prices climbed on Monday, buoyed by geopolitical tensions in the Middle East and signals of potential economic stimulus from China, though gains were tempered by ongoing concerns about weak demand from the world's largest crude importer. 
Oil prices climbed on Monday, buoyed by geopolitical tensions in the Middle East and signals of potential economic stimulus from China, though gains were tempered by ongoing concerns about weak demand from the world's largest crude importer. -
China’s Inflation Hits Five-Month Low Amid Prolonged Slowdown Despite Stimulus Efforts
China's consumer price index (CPI) rose by 0.2% in November from the previous year, marking its slowest pace in five months and undershooting analysts' expectations, according to data released Monday by the National Bureau of Statistics (NBS). The figure, down from a 0.3% increase in October, fell short of the 0.5% rise forecast by economists polled by Reuters, highlighting continued challenges in reviving domestic demand. 
China's consumer price index (CPI) rose by 0.2% in November from the previous year, marking its slowest pace in five months and undershooting analysts' expectations, according to data released Monday by the National Bureau of Statistics (NBS). The figure, down from a 0.3% increase in October, fell short of the 0.5% rise forecast by economists polled by Reuters, highlighting continued challenges in reviving domestic demand. -
Crude Falls on Demand Doubts, Dollar Strength, and Delayed Output Hikes
Crude oil prices ended the week lower, weighed down by concerns over a potential supply surplus and persistently sluggish demand, even as the OPEC+ alliance delayed planned production increases and extended deep output cuts through late 2026. Brent crude futures slipped 1.1% on Friday to $71.32 per barrel, while U.S. West Texas Intermediate (WTI) crude declined 1.3% to $67.43 per barrel, leaving both benchmarks poised for weekly losses. 
Crude oil prices ended the week lower, weighed down by concerns over a potential supply surplus and persistently sluggish demand, even as the OPEC+ alliance delayed planned production increases and extended deep output cuts through late 2026. Brent crude futures slipped 1.1% on Friday to $71.32 per barrel, while U.S. West Texas Intermediate (WTI) crude declined 1.3% to $67.43 per barrel, leaving both benchmarks poised for weekly losses. -
US Jobless Claims Hit One-Month High During Thanksgiving Week, Continuing Claims Decline
Applications for unemployment benefits in the United States rose to their highest level in a month during the week ending November 30, but the labor market remains resilient overall, according to new data from the Labor Department. Initial jobless claims increased by 9,000 to a seasonally adjusted 224,000, above analysts' expectations of 215,000. 
Applications for unemployment benefits in the United States rose to their highest level in a month during the week ending November 30, but the labor market remains resilient overall, according to new data from the Labor Department. Initial jobless claims increased by 9,000 to a seasonally adjusted 224,000, above analysts' expectations of 215,000. -
OPEC+ Delays Output Hike to April 2025, Extends Cuts Until 2026
OPEC+ has decided to delay its planned increase in oil production, initially scheduled for January 2025, until April of the same year, according to sources familiar with the matter. The alliance, which pumps roughly half of the world's oil, also announced that the full unwinding of its production cuts would now stretch into September 2026, a year later than previously planned. OPEC+ has decided to delay its planned increase in oil production, initially scheduled for January 2025, until April of the same year, according to sources familiar with the matter. The alliance, which pumps roughly half of the world's oil, also announced that the full unwinding of its production cuts would now stretch into September 2026, a year later than previously planned. -
Bitcoin Hits Record $104K in Historic Rally Fueled by Trump and Institutional Backing
Bitcoin soared above $100,000 for the first time in history on Thursday, marking a milestone that underscores the cryptocurrency's maturation from a fringe asset to a financial heavyweight. This surge, spurred by pro-crypto shifts in U.S. political leadership under President-elect Donald Trump, represents a pivotal moment for digital assets, cementing their place in mainstream financial markets. 
Bitcoin soared above $100,000 for the first time in history on Thursday, marking a milestone that underscores the cryptocurrency's maturation from a fringe asset to a financial heavyweight. This surge, spurred by pro-crypto shifts in U.S. political leadership under President-elect Donald Trump, represents a pivotal moment for digital assets, cementing their place in mainstream financial markets.
