Jerry Lin
The Latest
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Bank of England Cuts Rates Amid Budget-Driven Inflation Concerns
The Bank of England (BoE) cut interest rates by 25 basis points on Thursday, reducing its key rate to 4.75%, a move widely anticipated as the central bank contends with a complex economic outlook shaped by the U.K.'s new budget and lingering inflationary pressures. The decision by the BoE's Monetary Policy Committee (MPC), which passed with an 8-1 vote, reflects a cautious easing strategy aimed at balancing inflation control and economic growth in light of recent fiscal policies. 
The Bank of England (BoE) cut interest rates by 25 basis points on Thursday, reducing its key rate to 4.75%, a move widely anticipated as the central bank contends with a complex economic outlook shaped by the U.K.'s new budget and lingering inflationary pressures. The decision by the BoE's Monetary Policy Committee (MPC), which passed with an 8-1 vote, reflects a cautious easing strategy aimed at balancing inflation control and economic growth in light of recent fiscal policies. -
Oil Prices Drop as Market Reacts to Trump Election Win and Strong Dollar
Global oil prices dipped on Thursday as the market reacted to the aftermath of Donald Trump's presidential election victory, a strong U.S. dollar, and declining Chinese crude imports. The sell-off began with a steep drop in prices, driven by expectations of renewed geopolitical tensions and the potential for further U.S. sanctions on oil-producing nations, before paring losses by the end of trading on Wednesday. 
Global oil prices dipped on Thursday as the market reacted to the aftermath of Donald Trump's presidential election victory, a strong U.S. dollar, and declining Chinese crude imports. The sell-off began with a steep drop in prices, driven by expectations of renewed geopolitical tensions and the potential for further U.S. sanctions on oil-producing nations, before paring losses by the end of trading on Wednesday. -
Fed Prepares to Cut Interest Rates Amid Economic Uncertainty Following Trump’s Return to the White House
The Federal Reserve is set to announce a widely anticipated interest rate cut on Thursday, a move likely to shape economic policy in the wake of Donald Trump's return to the White House. The Federal Open Market Committee (FOMC) is expected to lower the benchmark federal funds rate by 25 basis points, bringing it down to a range of 4.5% to 4.75%. 
The Federal Reserve is set to announce a widely anticipated interest rate cut on Thursday, a move likely to shape economic policy in the wake of Donald Trump's return to the White House. The Federal Open Market Committee (FOMC) is expected to lower the benchmark federal funds rate by 25 basis points, bringing it down to a range of 4.5% to 4.75%. -
Yuan Falls, Stocks Slide as Trump’s Return Signals New U.S.-China Friction
China's financial markets reeled on Wednesday following Donald Trump's victory in the U.S. presidential election, as the yuan weakened significantly and major stock indices slid. Trump's return to the White House, coupled with Republican control of Congress, has intensified fears of a fresh wave of trade and technology tensions between the world's two largest economies, raising concerns among global investors. 
China's financial markets reeled on Wednesday following Donald Trump's victory in the U.S. presidential election, as the yuan weakened significantly and major stock indices slid. Trump's return to the White House, coupled with Republican control of Congress, has intensified fears of a fresh wave of trade and technology tensions between the world's two largest economies, raising concerns among global investors. -
Bitcoin Soars Past $75,000 as Trump Victory Ignites Crypto Market Frenzy
Bitcoin soared to a record high on Wednesday, with its price surpassing $75,000 following Donald Trump's presidential victory, as crypto investors bet on a favorable climate for digital currencies. This historic surge marked an 8% rise for the world's largest cryptocurrency, while other digital assets, such as ether and dogecoin, also saw significant gains, jumping 8% and 18%, respectively. The rally reflected market enthusiasm over Trump's pledged support for the cryptocurrency industry. 
Bitcoin soared to a record high on Wednesday, with its price surpassing $75,000 following Donald Trump's presidential victory, as crypto investors bet on a favorable climate for digital currencies. This historic surge marked an 8% rise for the world's largest cryptocurrency, while other digital assets, such as ether and dogecoin, also saw significant gains, jumping 8% and 18%, respectively. The rally reflected market enthusiasm over Trump's pledged support for the cryptocurrency industry. -
Oil Prices Surge as OPEC+ Delays Production Hike Amid Global Uncertainty
Oil prices surged over 2% on Monday after OPEC+ announced it would delay a planned production increase by a month, a strategic move aimed at stabilizing prices amid uncertain global demand and market volatility. 
Oil prices surged over 2% on Monday after OPEC+ announced it would delay a planned production increase by a month, a strategic move aimed at stabilizing prices amid uncertain global demand and market volatility. -
Dollar Falls, Treasury Yields Drop as Harris Gains Edge in Final Election Polls, Markets Await Fed Rate Cut
With a tight U.S. presidential race intensifying, the dollar declined sharply on Monday, accompanied by falling Treasury yields, as investors recalibrate expectations following polls showing Kamala Harris gaining ground. These developments set a jittery tone ahead of Tuesday's election and an anticipated Federal Reserve rate cut later this week. 
With a tight U.S. presidential race intensifying, the dollar declined sharply on Monday, accompanied by falling Treasury yields, as investors recalibrate expectations following polls showing Kamala Harris gaining ground. These developments set a jittery tone ahead of Tuesday's election and an anticipated Federal Reserve rate cut later this week. -
Oil Prices Climb as OPEC+ Delays Planned Output Hike by One Month
Oil prices edged upward by over $1 on Monday as OPEC+ announced a one-month delay to its scheduled December production increase. This decision came amid concerns about sluggish demand from major markets, notably China, and a rise in supply outside the alliance, which includes the Organization of the Petroleum Exporting Countries and allies like Russia. Brent crude rose $1.14 per barrel, reaching $74.24, while U.S. West Texas Intermediate crude also gained $1.14, settling at $70.63 per barrel. 
Oil prices edged upward by over $1 on Monday as OPEC+ announced a one-month delay to its scheduled December production increase. This decision came amid concerns about sluggish demand from major markets, notably China, and a rise in supply outside the alliance, which includes the Organization of the Petroleum Exporting Countries and allies like Russia. Brent crude rose $1.14 per barrel, reaching $74.24, while U.S. West Texas Intermediate crude also gained $1.14, settling at $70.63 per barrel. -
October Jobs Report Disappoints with Just 12,000 Jobs Added as Boeing Strike and Hurricanes Take Toll
The U.S. labor market delivered its weakest job growth in nearly three years, with October's job additions totaling just 12,000, a stark decline from September's revised gain of 223,000, the Bureau of Labor Statistics (BLS) reported Friday. This sharp deceleration in hiring-falling significantly below economists' forecasts for 100,000 new jobs-comes as severe weather and a protracted Boeing strike weighed heavily on economic activity. 
The U.S. labor market delivered its weakest job growth in nearly three years, with October's job additions totaling just 12,000, a stark decline from September's revised gain of 223,000, the Bureau of Labor Statistics (BLS) reported Friday. This sharp deceleration in hiring-falling significantly below economists' forecasts for 100,000 new jobs-comes as severe weather and a protracted Boeing strike weighed heavily on economic activity. -
Gold Pulls Back as Traders Take Profits Before U.S. Election and Fed Meeting
Gold prices declined on Thursday as traders locked in profits following a record-breaking rally. Spot gold, which earlier reached a new high of $2,790.15 per ounce, fell by as much as 2%, hitting $2,731.65 before settling at $2,738.51 an ounce by mid-morning in New York. 
Gold prices declined on Thursday as traders locked in profits following a record-breaking rally. Spot gold, which earlier reached a new high of $2,790.15 per ounce, fell by as much as 2%, hitting $2,731.65 before settling at $2,738.51 an ounce by mid-morning in New York.
