Jerry Lin
The Latest
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Binance Seeks End to Treasury Monitorship While Courting Trump Crypto Venture
Binance executives met with U.S. Treasury officials last month to push for the removal or reduction of federal oversight, while also exploring a potential partnership with former President Donald Trump's cryptocurrency venture, according to a report by The Wall Street Journal citing sources familiar with the discussions. 
Binance executives met with U.S. Treasury officials last month to push for the removal or reduction of federal oversight, while also exploring a potential partnership with former President Donald Trump's cryptocurrency venture, according to a report by The Wall Street Journal citing sources familiar with the discussions. -
Gold Prices Surge Past $3,250 to Record Highs as Dollar Weakens and U.S.-China Trade War Escalates
Gold prices soared to new record levels Friday, extending a three-day rally fueled by intensifying U.S.-China trade tensions, a faltering dollar, and deepening demand for safe-haven assets. Spot gold climbed as much as 1.6% to $3,225.52 per ounce by midmorning in New York after hitting an intraday record of $3,244.10. U.S. gold futures for June delivery reached as high as $3,255.90, before settling slightly lower at $3,235.20. 
Gold prices soared to new record levels Friday, extending a three-day rally fueled by intensifying U.S.-China trade tensions, a faltering dollar, and deepening demand for safe-haven assets. Spot gold climbed as much as 1.6% to $3,225.52 per ounce by midmorning in New York after hitting an intraday record of $3,244.10. U.S. gold futures for June delivery reached as high as $3,255.90, before settling slightly lower at $3,235.20. -
Wholesale Prices Drop 0.4% in March Ahead of Trump’s Tariff Escalation, Signaling Easing Inflation
Wholesale prices in the United States fell unexpectedly by 0.4% in March, according to Bureau of Labor Statistics data released Friday, offering a potentially favorable inflation snapshot just as President Donald Trump's sweeping tariff hikes begin to take effect. The decline in the Producer Price Index (PPI), a key gauge of pipeline inflation, came as economists had forecast a 0.2% increase. 
Wholesale prices in the United States fell unexpectedly by 0.4% in March, according to Bureau of Labor Statistics data released Friday, offering a potentially favorable inflation snapshot just as President Donald Trump's sweeping tariff hikes begin to take effect. The decline in the Producer Price Index (PPI), a key gauge of pipeline inflation, came as economists had forecast a 0.2% increase. -
JPMorgan’s Jamie Dimon Warns of ‘Considerable Turbulence’ as Tariffs, Inflation, and Volatility Mount
JPMorgan Chase CEO Jamie Dimon warned Friday that the U.S. economy is confronting "considerable turbulence," citing heightened geopolitical risks, trade wars, and persistent inflation. The cautionary message came as the bank posted a 9% year-over-year rise in first-quarter profit to $14.64 billion, beating Wall Street expectations. 
JPMorgan Chase CEO Jamie Dimon warned Friday that the U.S. economy is confronting "considerable turbulence," citing heightened geopolitical risks, trade wars, and persistent inflation. The cautionary message came as the bank posted a 9% year-over-year rise in first-quarter profit to $14.64 billion, beating Wall Street expectations. -
U.S. Inflation Slows to 2.4% in March as Egg Prices Surge 60%, Tariffs Cloud Outlook
U.S. inflation eased in March, with consumer prices rising 2.4% from a year earlier, offering a fresh sign of cooling price pressures even as surging egg prices and escalating tariffs cloud the outlook. The data, released Thursday by the Bureau of Labor Statistics, showed the slowest year-over-year increase since early 2021 and came in below economists' expectations. 
U.S. inflation eased in March, with consumer prices rising 2.4% from a year earlier, offering a fresh sign of cooling price pressures even as surging egg prices and escalating tariffs cloud the outlook. The data, released Thursday by the Bureau of Labor Statistics, showed the slowest year-over-year increase since early 2021 and came in below economists' expectations. -
China Consumer Prices Fall Again as Deflation Risks Rise Amid U.S. Tariff Escalation
China's consumer prices declined for a second consecutive month in March, underscoring growing deflationary pressures as the world's second-largest economy faces renewed external risks from escalating trade tensions with the United States. 
China's consumer prices declined for a second consecutive month in March, underscoring growing deflationary pressures as the world's second-largest economy faces renewed external risks from escalating trade tensions with the United States. -
U.S. Oil Plunges on China's Retaliatory Tariffs and Recession Fears, Analysts Warn of Supply Glut
U.S. crude oil prices fell sharply on Wednesday, dropping more than 7% during intraday trading before paring losses, as markets reacted to China's announcement of retaliatory tariffs on U.S. goods in response to President Donald Trump's sweeping 104% levies. The aggressive trade action deepened concerns of a global economic slowdown and sent oil benchmarks tumbling to their lowest levels in four years. 
U.S. crude oil prices fell sharply on Wednesday, dropping more than 7% during intraday trading before paring losses, as markets reacted to China's announcement of retaliatory tariffs on U.S. goods in response to President Donald Trump's sweeping 104% levies. The aggressive trade action deepened concerns of a global economic slowdown and sent oil benchmarks tumbling to their lowest levels in four years. -
IMF Strikes $20 Billion Deal With Argentina as Milei’s Austerity Gains Global Endorsement
The International Monetary Fund reached a preliminary agreement Tuesday to grant Argentina a $20 billion bailout, offering a critical financial lifeline to President Javier Milei's administration as it battles inflation, austerity backlash, and a fast-depleting foreign currency reserve. The deal, pending final approval from the IMF executive board, marks a major moment in Milei's push to overhaul the nation's economic model. 
The International Monetary Fund reached a preliminary agreement Tuesday to grant Argentina a $20 billion bailout, offering a critical financial lifeline to President Javier Milei's administration as it battles inflation, austerity backlash, and a fast-depleting foreign currency reserve. The deal, pending final approval from the IMF executive board, marks a major moment in Milei's push to overhaul the nation's economic model. -
Germany’s CDU, SPD Seal Coalition Deal as Tariff Shockwaves Hit European Markets
Germany's centrist parties reached a formal coalition agreement on Wednesday, setting the stage for Christian Democratic Union (CDU) leader Friedrich Merz to become the country's next chancellor, just as U.S.-imposed tariffs under President Donald Trump begin reverberating through Europe's largest economy. 
Germany's centrist parties reached a formal coalition agreement on Wednesday, setting the stage for Christian Democratic Union (CDU) leader Friedrich Merz to become the country's next chancellor, just as U.S.-imposed tariffs under President Donald Trump begin reverberating through Europe's largest economy. -
Trump's DOJ Ends Crypto Enforcement Team, Signals Broad Retreat from Industry Oversight
The U.S. Department of Justice has dismantled its National Cryptocurrency Enforcement Team, a key unit established under President Joe Biden to target digital asset-related crime, signaling a sweeping change in federal policy toward cryptocurrency enforcement. 
The U.S. Department of Justice has dismantled its National Cryptocurrency Enforcement Team, a key unit established under President Joe Biden to target digital asset-related crime, signaling a sweeping change in federal policy toward cryptocurrency enforcement.
