Jerry Lin
The Latest
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U.S. Weekly Jobless Claims Surge Past Expectations as Tariff Pressures Mount on U.S. Labor Market
Initial jobless claims in the U.S. surged to 241,000 for the week ending April 26, the highest level since February, in a sign of mounting pressure on the labor market amid slowing growth and fallout from a sharp rise in imports ahead of new tariffs. The total exceeded economists' expectations for 225,000 and marked an 18,000 increase from the prior week, the Labor Department reported Thursday. 
Initial jobless claims in the U.S. surged to 241,000 for the week ending April 26, the highest level since February, in a sign of mounting pressure on the labor market amid slowing growth and fallout from a sharp rise in imports ahead of new tariffs. The total exceeded economists' expectations for 225,000 and marked an 18,000 increase from the prior week, the Labor Department reported Thursday. -
China Quietly Exempts Key U.S. Exports from 125% Tariffs - Report
China has quietly waived tariffs on a range of U.S. imports, including ethane, semiconductors, and pharmaceutical products, in a move that highlights Beijing's mounting economic pressure amid a protracted trade war with the United States. 
China has quietly waived tariffs on a range of U.S. imports, including ethane, semiconductors, and pharmaceutical products, in a move that highlights Beijing's mounting economic pressure amid a protracted trade war with the United States. -
Oil Prices Suffer Biggest Monthly Drop Since 2021 as Saudi Arabia Shifts Strategy and Recession Fears Mount
Crude oil prices are heading for their steepest monthly decline in over two years, as signs of economic contraction in major economies and a strategic shift by Saudi Arabia weigh heavily on market sentiment. West Texas Intermediate futures slid more than 3.5% on Wednesday to a session low of $58.20 a barrel, while international benchmark Brent crude also fell 3.5% to $60.93. 
Crude oil prices are heading for their steepest monthly decline in over two years, as signs of economic contraction in major economies and a strategic shift by Saudi Arabia weigh heavily on market sentiment. West Texas Intermediate futures slid more than 3.5% on Wednesday to a session low of $58.20 a barrel, while international benchmark Brent crude also fell 3.5% to $60.93. -
China’s Factory Activity Falls to 16-Month Low as U.S. Tariffs Trigger Sharp Export Contraction
China's manufacturing sector shrank at its fastest pace in nearly a year and a half in April, as escalating U.S. trade tariffs disrupted exports and added fresh pressure to Beijing's already strained economy. The official manufacturing Purchasing Managers' Index fell to 49.0 last month, its lowest reading since December 2023, according to data released Wednesday by the National Bureau of Statistics. 
China's manufacturing sector shrank at its fastest pace in nearly a year and a half in April, as escalating U.S. trade tariffs disrupted exports and added fresh pressure to Beijing's already strained economy. The official manufacturing Purchasing Managers' Index fell to 49.0 last month, its lowest reading since December 2023, according to data released Wednesday by the National Bureau of Statistics. -
Euro Zone GDP Rises 0.4% in Q1 but U.S. Tariffs Threaten Outlook and Weigh on Sentiment
The euro zone economy expanded by 0.4% in the first quarter of 2025, outperforming expectations and marking a modest rebound from the previous quarter's 0.2% growth. However, the bloc's fragile recovery has come under renewed threat following sweeping trade measures from the United States. 
The euro zone economy expanded by 0.4% in the first quarter of 2025, outperforming expectations and marking a modest rebound from the previous quarter's 0.2% growth. However, the bloc's fragile recovery has come under renewed threat following sweeping trade measures from the United States. -
U.S. GDP Contracts 0.3% in Q1 as Trump Tariffs Drive Trade Slump and Consumer Pullback
The U.S. economy shrank by 0.3% in the first quarter of 2025, marking its first contraction in three years as sweeping tariff policies under President Donald Trump rattled trade flows and consumer confidence, according to Commerce Department data released Wednesday. 
The U.S. economy shrank by 0.3% in the first quarter of 2025, marking its first contraction in three years as sweeping tariff policies under President Donald Trump rattled trade flows and consumer confidence, according to Commerce Department data released Wednesday. -
U.S. Consumer Confidence Plunges to Lowest Since 2020 as Tariff Worries Deepen Economic Fears
Consumer confidence in the United States fell sharply for the fifth consecutive month in April, hitting its lowest level since the early months of the COVID-19 pandemic, according to new data released Tuesday by the Conference Board. The drop reflects growing anxiety over President Donald Trump's widespread tariffs and mounting fears of an economic slowdown. 
Consumer confidence in the United States fell sharply for the fifth consecutive month in April, hitting its lowest level since the early months of the COVID-19 pandemic, according to new data released Tuesday by the Conference Board. The drop reflects growing anxiety over President Donald Trump's widespread tariffs and mounting fears of an economic slowdown. -
March Home Sales Plunge 5.9% to 2009 Lows as Mortgage Rates Top 7%
U.S. home sales fell sharply in March, dropping to their lowest level for the month since 2009, as elevated mortgage rates, rising inventories, and growing economic uncertainty continued to chill the residential real estate market. Sales of previously owned homes fell 5.9% from February to a seasonally adjusted annualized pace of 4.02 million units, according to data released Thursday by the National Association of Realtors. 
U.S. home sales fell sharply in March, dropping to their lowest level for the month since 2009, as elevated mortgage rates, rising inventories, and growing economic uncertainty continued to chill the residential real estate market. Sales of previously owned homes fell 5.9% from February to a seasonally adjusted annualized pace of 4.02 million units, according to data released Thursday by the National Association of Realtors. -
Trump’s $TRUMP Meme Coin Surges 50% After Dinner Offer to Top Holders
A cryptocurrency linked to President Donald Trump surged more than 50% in value Wednesday after its website announced an exclusive dinner with the former president for the top 220 holders of the $TRUMP meme coin. The coin's market capitalization jumped to $2.7 billion, according to CoinMarketCap, making it the day's top-performing digital asset. 
A cryptocurrency linked to President Donald Trump surged more than 50% in value Wednesday after its website announced an exclusive dinner with the former president for the top 220 holders of the $TRUMP meme coin. The coin's market capitalization jumped to $2.7 billion, according to CoinMarketCap, making it the day's top-performing digital asset. -
Gold Prices Drop as Trump Softens on Fed and China Tariffs, Market Sentiment Shifts
Gold prices declined sharply Wednesday as U.S. President Donald Trump signaled a softer approach toward both the Federal Reserve and China trade relations, prompting a wave of profit-taking after bullion hit all-time highs earlier this week. 
Gold prices declined sharply Wednesday as U.S. President Donald Trump signaled a softer approach toward both the Federal Reserve and China trade relations, prompting a wave of profit-taking after bullion hit all-time highs earlier this week.
