Jerry Lin
The Latest
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US Jobless Claims Hit One-Month High During Thanksgiving Week, Continuing Claims Decline
Applications for unemployment benefits in the United States rose to their highest level in a month during the week ending November 30, but the labor market remains resilient overall, according to new data from the Labor Department. Initial jobless claims increased by 9,000 to a seasonally adjusted 224,000, above analysts' expectations of 215,000. 
Applications for unemployment benefits in the United States rose to their highest level in a month during the week ending November 30, but the labor market remains resilient overall, according to new data from the Labor Department. Initial jobless claims increased by 9,000 to a seasonally adjusted 224,000, above analysts' expectations of 215,000. -
OPEC+ Delays Output Hike to April 2025, Extends Cuts Until 2026
OPEC+ has decided to delay its planned increase in oil production, initially scheduled for January 2025, until April of the same year, according to sources familiar with the matter. The alliance, which pumps roughly half of the world's oil, also announced that the full unwinding of its production cuts would now stretch into September 2026, a year later than previously planned. 
OPEC+ has decided to delay its planned increase in oil production, initially scheduled for January 2025, until April of the same year, according to sources familiar with the matter. The alliance, which pumps roughly half of the world's oil, also announced that the full unwinding of its production cuts would now stretch into September 2026, a year later than previously planned. -
Bitcoin Hits Record $104K in Historic Rally Fueled by Trump and Institutional Backing
Bitcoin soared above $100,000 for the first time in history on Thursday, marking a milestone that underscores the cryptocurrency's maturation from a fringe asset to a financial heavyweight. This surge, spurred by pro-crypto shifts in U.S. political leadership under President-elect Donald Trump, represents a pivotal moment for digital assets, cementing their place in mainstream financial markets. 
Bitcoin soared above $100,000 for the first time in history on Thursday, marking a milestone that underscores the cryptocurrency's maturation from a fringe asset to a financial heavyweight. This surge, spurred by pro-crypto shifts in U.S. political leadership under President-elect Donald Trump, represents a pivotal moment for digital assets, cementing their place in mainstream financial markets. -
US Job Openings Rise to 7.74 Million in October as Hiring Slumps
Job openings in the United States rose unexpectedly in October, defying forecasts and offering a mixed picture of the labor market as hiring slowed and payroll growth hit a multi-year low. The Bureau of Labor Statistics (BLS) reported on Tuesday that job openings reached 7.74 million, an increase from September's revised figure of 7.37 million. 
Job openings in the United States rose unexpectedly in October, defying forecasts and offering a mixed picture of the labor market as hiring slowed and payroll growth hit a multi-year low. The Bureau of Labor Statistics (BLS) reported on Tuesday that job openings reached 7.74 million, an increase from September's revised figure of 7.37 million. -
China’s 10-Year Bond Yield Plunges Below 2%, Markets Bet on Aggressive Stimulus
China's bond market experienced a significant rally on Monday as the 10-year government bond yield fell below the critical 2% threshold, hitting a 22-year low of 1.9636%. The surge comes amid mounting expectations that Beijing will intensify its monetary stimulus measures to counter a sluggish economy. 
China's bond market experienced a significant rally on Monday as the 10-year government bond yield fell below the critical 2% threshold, hitting a 22-year low of 1.9636%. The surge comes amid mounting expectations that Beijing will intensify its monetary stimulus measures to counter a sluggish economy. -
Eurozone Inflation Climbs to 2.3%, Raising Stakes for ECB Rate Decision
Inflation in the eurozone increased to 2.3% in November, surpassing the European Central Bank's (ECB) 2% target and adding complexity to the bank's upcoming interest rate decision. The rise, reported by EU statistics agency Eurostat, marks an uptick from October's 2% figure, although inflation remains far below the peak of 10.6% seen in October 2022. 
Inflation in the eurozone increased to 2.3% in November, surpassing the European Central Bank's (ECB) 2% target and adding complexity to the bank's upcoming interest rate decision. The rise, reported by EU statistics agency Eurostat, marks an uptick from October's 2% figure, although inflation remains far below the peak of 10.6% seen in October 2022. -
Bitcoin Hits $97K Amid Market Optimism, Eyes $100K Milestone by Year-End
Bitcoin, the world's leading cryptocurrency, continued its record-breaking trajectory on Black Friday, reaching an impressive $97,476.16. The digital asset surged 2.05% in the past 24 hours, according to market data, marking one of its strongest November performances in recent years. Analysts now predict that Bitcoin could cross the highly anticipated $100,000 threshold before the year closes. 
Bitcoin, the world's leading cryptocurrency, continued its record-breaking trajectory on Black Friday, reaching an impressive $97,476.16. The digital asset surged 2.05% in the past 24 hours, according to market data, marking one of its strongest November performances in recent years. Analysts now predict that Bitcoin could cross the highly anticipated $100,000 threshold before the year closes. -
OPEC+ Delays Crucial Meeting as Oil Market Faces Oversupply Risks
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, announced a postponement of its highly anticipated virtual meeting to December 5, shifting from the originally scheduled date of December 1. This delay comes as the alliance grapples with decisions that could reshape the global oil market, reflecting both geopolitical challenges and economic pressures. 
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, announced a postponement of its highly anticipated virtual meeting to December 5, shifting from the originally scheduled date of December 1. This delay comes as the alliance grapples with decisions that could reshape the global oil market, reflecting both geopolitical challenges and economic pressures. -
US Inflation Picks Up in October, Challenging Fed's Path for Rate Cuts
Consumer inflation rose in October, signaling persistent pricing pressures that could complicate the Federal Reserve's approach to easing interest rates in the months ahead. According to the Commerce Department's report on Wednesday, the personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, increased by 2.3% compared to a year earlier, up from 2.1% in September. Excluding volatile food and energy prices, core inflation climbed 2.8% year-over-year, a slight uptick from September's 2.7%. 
Consumer inflation rose in October, signaling persistent pricing pressures that could complicate the Federal Reserve's approach to easing interest rates in the months ahead. According to the Commerce Department's report on Wednesday, the personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, increased by 2.3% compared to a year earlier, up from 2.1% in September. Excluding volatile food and energy prices, core inflation climbed 2.8% year-over-year, a slight uptick from September's 2.7%. -
U.S. Economy Expands by 2.8% in Third Quarter, Consumer Spending Drives Growth
The U.S. economy expanded at a solid 2.8% annual rate in the third quarter of 2024, reflecting sustained consumer spending and a significant boost from exports. The Commerce Department's second estimate, released Wednesday, confirmed earlier projections, underscoring the economy's resilience amid persistent inflation concerns. 
The U.S. economy expanded at a solid 2.8% annual rate in the third quarter of 2024, reflecting sustained consumer spending and a significant boost from exports. The Commerce Department's second estimate, released Wednesday, confirmed earlier projections, underscoring the economy's resilience amid persistent inflation concerns.
