Jerry Lin
The Latest
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US Job Openings Rise to 7.74 Million in October as Hiring Slumps
Job openings in the United States rose unexpectedly in October, defying forecasts and offering a mixed picture of the labor market as hiring slowed and payroll growth hit a multi-year low. The Bureau of Labor Statistics (BLS) reported on Tuesday that job openings reached 7.74 million, an increase from September's revised figure of 7.37 million. 
Job openings in the United States rose unexpectedly in October, defying forecasts and offering a mixed picture of the labor market as hiring slowed and payroll growth hit a multi-year low. The Bureau of Labor Statistics (BLS) reported on Tuesday that job openings reached 7.74 million, an increase from September's revised figure of 7.37 million. -
China’s 10-Year Bond Yield Plunges Below 2%, Markets Bet on Aggressive Stimulus
China's bond market experienced a significant rally on Monday as the 10-year government bond yield fell below the critical 2% threshold, hitting a 22-year low of 1.9636%. The surge comes amid mounting expectations that Beijing will intensify its monetary stimulus measures to counter a sluggish economy. 
China's bond market experienced a significant rally on Monday as the 10-year government bond yield fell below the critical 2% threshold, hitting a 22-year low of 1.9636%. The surge comes amid mounting expectations that Beijing will intensify its monetary stimulus measures to counter a sluggish economy. -
Eurozone Inflation Climbs to 2.3%, Raising Stakes for ECB Rate Decision
Inflation in the eurozone increased to 2.3% in November, surpassing the European Central Bank's (ECB) 2% target and adding complexity to the bank's upcoming interest rate decision. The rise, reported by EU statistics agency Eurostat, marks an uptick from October's 2% figure, although inflation remains far below the peak of 10.6% seen in October 2022. 
Inflation in the eurozone increased to 2.3% in November, surpassing the European Central Bank's (ECB) 2% target and adding complexity to the bank's upcoming interest rate decision. The rise, reported by EU statistics agency Eurostat, marks an uptick from October's 2% figure, although inflation remains far below the peak of 10.6% seen in October 2022. -
Bitcoin Hits $97K Amid Market Optimism, Eyes $100K Milestone by Year-End
Bitcoin, the world's leading cryptocurrency, continued its record-breaking trajectory on Black Friday, reaching an impressive $97,476.16. The digital asset surged 2.05% in the past 24 hours, according to market data, marking one of its strongest November performances in recent years. Analysts now predict that Bitcoin could cross the highly anticipated $100,000 threshold before the year closes. 
Bitcoin, the world's leading cryptocurrency, continued its record-breaking trajectory on Black Friday, reaching an impressive $97,476.16. The digital asset surged 2.05% in the past 24 hours, according to market data, marking one of its strongest November performances in recent years. Analysts now predict that Bitcoin could cross the highly anticipated $100,000 threshold before the year closes. -
OPEC+ Delays Crucial Meeting as Oil Market Faces Oversupply Risks
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, announced a postponement of its highly anticipated virtual meeting to December 5, shifting from the originally scheduled date of December 1. This delay comes as the alliance grapples with decisions that could reshape the global oil market, reflecting both geopolitical challenges and economic pressures. 
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, announced a postponement of its highly anticipated virtual meeting to December 5, shifting from the originally scheduled date of December 1. This delay comes as the alliance grapples with decisions that could reshape the global oil market, reflecting both geopolitical challenges and economic pressures. -
US Inflation Picks Up in October, Challenging Fed's Path for Rate Cuts
Consumer inflation rose in October, signaling persistent pricing pressures that could complicate the Federal Reserve's approach to easing interest rates in the months ahead. According to the Commerce Department's report on Wednesday, the personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, increased by 2.3% compared to a year earlier, up from 2.1% in September. Excluding volatile food and energy prices, core inflation climbed 2.8% year-over-year, a slight uptick from September's 2.7%. 
Consumer inflation rose in October, signaling persistent pricing pressures that could complicate the Federal Reserve's approach to easing interest rates in the months ahead. According to the Commerce Department's report on Wednesday, the personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, increased by 2.3% compared to a year earlier, up from 2.1% in September. Excluding volatile food and energy prices, core inflation climbed 2.8% year-over-year, a slight uptick from September's 2.7%. -
U.S. Economy Expands by 2.8% in Third Quarter, Consumer Spending Drives Growth
The U.S. economy expanded at a solid 2.8% annual rate in the third quarter of 2024, reflecting sustained consumer spending and a significant boost from exports. The Commerce Department's second estimate, released Wednesday, confirmed earlier projections, underscoring the economy's resilience amid persistent inflation concerns. 
The U.S. economy expanded at a solid 2.8% annual rate in the third quarter of 2024, reflecting sustained consumer spending and a significant boost from exports. The Commerce Department's second estimate, released Wednesday, confirmed earlier projections, underscoring the economy's resilience amid persistent inflation concerns. -
Mexico Vows Retaliation as Trump Threatens Sweeping Tariffs on Day One
President-elect Donald Trump has announced plans to impose sweeping tariffs on goods from Mexico, Canada, and China immediately upon taking office, framing the move as part of his strategy to combat illegal immigration and drug trafficking. Trump revealed his intentions Monday night in a series of posts on his social media platform. 
President-elect Donald Trump has announced plans to impose sweeping tariffs on goods from Mexico, Canada, and China immediately upon taking office, framing the move as part of his strategy to combat illegal immigration and drug trafficking. Trump revealed his intentions Monday night in a series of posts on his social media platform. -
Gary Gensler to Step Down as SEC Chair, Paving Way for Trump’s New Appointee
Securities and Exchange Commission (SEC) Chair Gary Gensler will resign on January 20, bringing an end to a tenure marked by ambitious and contentious regulatory actions. The announcement, made by the agency on Thursday, clears the way for President-elect Donald Trump to select a replacement who is expected to significantly reshape the agency's priorities. 
Securities and Exchange Commission (SEC) Chair Gary Gensler will resign on January 20, bringing an end to a tenure marked by ambitious and contentious regulatory actions. The announcement, made by the agency on Thursday, clears the way for President-elect Donald Trump to select a replacement who is expected to significantly reshape the agency's priorities. -
U.S. Jobless Claims Fall to Seven-Month Low Amid Signs of Labor Market Strength
The number of Americans filing for unemployment benefits fell to 213,000 last week, marking a seven-month low and indicating continued resilience in the labor market. The Department of Labor reported Thursday that claims dropped by 6,000 for the week ending November 16, coming in below economists' forecasts of 220,000. 
The number of Americans filing for unemployment benefits fell to 213,000 last week, marking a seven-month low and indicating continued resilience in the labor market. The Department of Labor reported Thursday that claims dropped by 6,000 for the week ending November 16, coming in below economists' forecasts of 220,000.
