Jerry Lin
The Latest
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U.S. Job Market Ends 2024 Strong With 256,000 New Jobs and 4.1% Unemployment
The U.S. labor market closed 2024 with an impressive performance, adding 256,000 jobs in December, well above the 155,000 expected by economists. The unemployment rate dipped to 4.1%, a sign of continued strength in a year marked by resilience and recovery. 
The U.S. labor market closed 2024 with an impressive performance, adding 256,000 jobs in December, well above the 155,000 expected by economists. The unemployment rate dipped to 4.1%, a sign of continued strength in a year marked by resilience and recovery. -
Oil Prices Surge Over 3% Amid Sanctions Concerns and Tight Inventories
Oil prices soared on Friday, with Brent crude reaching its highest levels in over three months, driven by cold weather, declining inventories, and the prospect of further sanctions on key exporters, Russia and Iran. The surge highlights mounting supply concerns as global markets navigate tightening fundamentals and geopolitical uncertainties. 
Oil prices soared on Friday, with Brent crude reaching its highest levels in over three months, driven by cold weather, declining inventories, and the prospect of further sanctions on key exporters, Russia and Iran. The surge highlights mounting supply concerns as global markets navigate tightening fundamentals and geopolitical uncertainties. -
China’s Deflation Concerns Deepen as Inflation Stalls in December
China's economy is facing growing deflationary pressures as consumer inflation slowed to just 0.1% in December, raising fresh concerns about the country's economic recovery. Data released by the National Bureau of Statistics showed that wholesale prices also declined for the 27th consecutive month, highlighting the persistent challenges in revitalizing domestic demand despite months of stimulus measures. 
China's economy is facing growing deflationary pressures as consumer inflation slowed to just 0.1% in December, raising fresh concerns about the country's economic recovery. Data released by the National Bureau of Statistics showed that wholesale prices also declined for the 27th consecutive month, highlighting the persistent challenges in revitalizing domestic demand despite months of stimulus measures. -
Yellen Concedes COVID Stimulus Played ‘Little Bit’ Role in Inflation, Defends Biden’s Economic Policies
Outgoing Treasury Secretary Janet Yellen acknowledged on Wednesday that the Biden administration's COVID-19 stimulus spending may have contributed "a little bit" to the inflation that has dogged the U.S. economy. However, she maintained that the primary driver of rising prices was the pandemic's disruption of global supply chains, which left industries struggling to meet demand. 
Outgoing Treasury Secretary Janet Yellen acknowledged on Wednesday that the Biden administration's COVID-19 stimulus spending may have contributed "a little bit" to the inflation that has dogged the U.S. economy. However, she maintained that the primary driver of rising prices was the pandemic's disruption of global supply chains, which left industries struggling to meet demand. -
Indonesia Joins BRICS, Strengthening Alliance of Emerging Economies
Indonesia has officially joined the BRICS group of emerging economies, a significant milestone for the Southeast Asian nation and a move that strengthens the bloc's role as a counterweight to Western-dominated institutions. The announcement was made Monday by Brazil, which holds the rotating presidency of BRICS for 2025, and confirmed by Indonesia's Ministry of Foreign Affairs on Tuesday. 
Indonesia has officially joined the BRICS group of emerging economies, a significant milestone for the Southeast Asian nation and a move that strengthens the bloc's role as a counterweight to Western-dominated institutions. The announcement was made Monday by Brazil, which holds the rotating presidency of BRICS for 2025, and confirmed by Indonesia's Ministry of Foreign Affairs on Tuesday. -
Dollar Falls as Trump Denies Tariff Policy Shift, Markets Eye Economic Risks
The U.S. dollar faced a turbulent session Monday, dropping sharply against major currencies before paring losses after President-elect Donald Trump denied reports suggesting his administration might pursue a scaled-back tariff strategy. The dollar index, which measures the greenback's performance against six major currencies, fell 0.59% to 108.32, retreating from earlier losses of more than 1%. The session highlighted the market's sensitivity to Trump's economic policies and rhetoric as he prepares to assume office. 
The U.S. dollar faced a turbulent session Monday, dropping sharply against major currencies before paring losses after President-elect Donald Trump denied reports suggesting his administration might pursue a scaled-back tariff strategy. The dollar index, which measures the greenback's performance against six major currencies, fell 0.59% to 108.32, retreating from earlier losses of more than 1%. The session highlighted the market's sensitivity to Trump's economic policies and rhetoric as he prepares to assume office. -
Oil Prices Hit Three-Month High as Demand Surges Amid Sanctions and Weather Woes
Oil prices continued their upward trajectory on Monday, reaching their highest levels since October 2024. The rally was driven by colder-than-normal weather, signs of recovering demand in Asia, and market anticipation of stricter sanctions on Russian and Iranian crude exports. 
Oil prices continued their upward trajectory on Monday, reaching their highest levels since October 2024. The rally was driven by colder-than-normal weather, signs of recovering demand in Asia, and market anticipation of stricter sanctions on Russian and Iranian crude exports. -
Oil Prices Rally as US Stockpile Decline Balances China Concerns
Oil prices hovered near their highest levels in nearly three months on Friday, buoyed by a sharp decline in U.S. crude stockpiles and optimism about China's economic recovery. However, lingering uncertainties about global supply and geopolitical risks tempered market enthusiasm. 
Oil prices hovered near their highest levels in nearly three months on Friday, buoyed by a sharp decline in U.S. crude stockpiles and optimism about China's economic recovery. However, lingering uncertainties about global supply and geopolitical risks tempered market enthusiasm. -
Gold Hits Three-Week High Amid Dollar Pullback and Safe-Haven Demand
Gold prices reached a three-week peak on Friday as a weaker U.S. dollar and safe-haven buying provided support for the precious metal. Spot gold hit $2,654.21 per ounce by mid-morning, marking its highest level since December 13, and was up approximately 1.3% for the week. U.S. gold futures were steady at $2,669.90. 
Gold prices reached a three-week peak on Friday as a weaker U.S. dollar and safe-haven buying provided support for the precious metal. Spot gold hit $2,654.21 per ounce by mid-morning, marking its highest level since December 13, and was up approximately 1.3% for the week. U.S. gold futures were steady at $2,669.90. -
U.S. Jobless Claims Fall to Eight-Month Low, Indicating Steady Labor Market
The number of Americans filing for unemployment benefits fell to 211,000 in the week ending December 28, marking the lowest level since March, according to the Labor Department's report released Thursday. This decline of 9,000 claims highlights continued resilience in the U.S. labor market despite broader signs of cooling. 
The number of Americans filing for unemployment benefits fell to 211,000 in the week ending December 28, marking the lowest level since March, according to the Labor Department's report released Thursday. This decline of 9,000 claims highlights continued resilience in the U.S. labor market despite broader signs of cooling.
