Jerry Lin
The Latest
-
Bitcoin's Surge Above $45K Sparks Debate on Potential $50K Milestone
Bitcoin has once again captured the attention of the financial world by breaking above the $45,000 mark for the first time in nearly a month, igniting discussions among traders and investors about the potential for reaching the $50,000 threshold. Bitcoin has once again captured the attention of the financial world by breaking above the $45,000 mark for the first time in nearly a month, igniting discussions among traders and investors about the potential for reaching the $50,000 threshold. -
Treasury Department Highlights Emerging Crypto Laundering Risks in 2024 Report
The U.S. Treasury Department underscored the burgeoning challenges posed by advanced technologies employed in virtual asset transactions to conceal illicit financial flows. The U.S. Treasury Department underscored the burgeoning challenges posed by advanced technologies employed in virtual asset transactions to conceal illicit financial flows. -
CBO Projects $1.6 Trillion Deficit, Rising Costs and Workforce Boost Ahead
The U.S. Congressional Budget Office (CBO) has issued a stark forecast for the nation's fiscal future, projecting that the federal budget deficit will exceed $1.6 trillion this year and swell by an additional $1 trillion over the next decade. The U.S. Congressional Budget Office (CBO) has issued a stark forecast for the nation's fiscal future, projecting that the federal budget deficit will exceed $1.6 trillion this year and swell by an additional $1 trillion over the next decade. -
China's Real Estate Downturn Echoes Japan's Economic Stagnation
The unfolding crisis within China's real estate sector is drawing parallels to Japan's economic stagnation of the 1990s, according to experts who see striking similarities between the two scenarios. The unfolding crisis within China's real estate sector is drawing parallels to Japan's economic stagnation of the 1990s, according to experts who see striking similarities between the two scenarios. -
SEC Intensifies Oversight of $26 Trillion Treasury Market, Mandates Hedge Fund Registration
The U.S. Securities and Exchange Commission (SEC) has bolstered its regulatory oversight of the $26 trillion U.S. Treasury market. On Tuesday, February 6, the SEC passed new rules with a vote of three in favor and two against. The U.S. Securities and Exchange Commission (SEC) has bolstered its regulatory oversight of the $26 trillion U.S. Treasury market. On Tuesday, February 6, the SEC passed new rules with a vote of three in favor and two against. -
Credit Card Delinquencies Soar, Reflecting Rising U.S. Financial Stress
The U.S. credit card delinquencies have witnessed a dramatic surge, escalating over 50% in 2023, as reported by the New York Federal Reserve. The U.S. credit card delinquencies have witnessed a dramatic surge, escalating over 50% in 2023, as reported by the New York Federal Reserve. -
Chinese Stocks Surge as Government Intervenes to Stabilize Market
Chinese stocks experienced their most substantial rally in years on Tuesday, buoyed by the Chinese government's decisive intervention to stabilize the market after a prolonged period of decline. Chinese stocks experienced their most substantial rally in years on Tuesday, buoyed by the Chinese government's decisive intervention to stabilize the market after a prolonged period of decline. -
Yellen Calls for Urgent Crypto Regulation in Congressional Address
U.S. Treasury Secretary Janet Yellen is poised to address Congress with a stern warning on the inherent risks posed by the burgeoning cryptocurrency and stablecoin markets. In her scheduled appearance before the House of Representatives' Committee on Financial Services, Yellen will emphasize the urgency for legislative action to establish a comprehensive regulatory framework for these digital assets. U.S. Treasury Secretary Janet Yellen is poised to address Congress with a stern warning on the inherent risks posed by the burgeoning cryptocurrency and stablecoin markets. In her scheduled appearance before the House of Representatives' Committee on Financial Services, Yellen will emphasize the urgency for legislative action to establish a comprehensive regulatory framework for these digital assets. -
Fed's March Rate Cut Increasingly Uncertain Amid Economic Strength
Last week, Fed Chair Jerome Powell suggested in an interview that any potential rate cuts might be postponed until after March, with expectations set for three rate cuts this year, fewer than what the market had anticipated. Last week, Fed Chair Jerome Powell suggested in an interview that any potential rate cuts might be postponed until after March, with expectations set for three rate cuts this year, fewer than what the market had anticipated. -
U.S. Adds Over 350,000 Jobs in January, Exceeding Expectations
The U.S. labor market kicked off 2024 with unexpectedly robust job growth in January, adding 353,000 nonfarm payroll positions and surpassing Wall Street's forecast of 185,000, according to the Bureau of Labor Statistics. This surge in employment not only underscores the resilience of the economy but also positions the labor market as a solid foundation for sustained economic expansion. The U.S. labor market kicked off 2024 with unexpectedly robust job growth in January, adding 353,000 nonfarm payroll positions and surpassing Wall Street's forecast of 185,000, according to the Bureau of Labor Statistics. This surge in employment not only underscores the resilience of the economy but also positions the labor market as a solid foundation for sustained economic expansion.