Jerry Lin
The Latest
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Geopolitical Tensions Push Gold to Record Highs, Analysts See Path to $3,000
Gold soared to a new record on Tuesday, surging above $2,800 per ounce and spotlighting investors' deepening concerns about geopolitical tensions and inflationary pressures. Spot gold rose 1.1% to $2,844.56 per ounce as of 1:40 p.m. ET, briefly hitting a historic $2,845.14 earlier in the session, while U.S. gold futures settled 0.7% higher at $2,875.80. 
Gold soared to a new record on Tuesday, surging above $2,800 per ounce and spotlighting investors' deepening concerns about geopolitical tensions and inflationary pressures. Spot gold rose 1.1% to $2,844.56 per ounce as of 1:40 p.m. ET, briefly hitting a historic $2,845.14 earlier in the session, while U.S. gold futures settled 0.7% higher at $2,875.80. -
Oil Prices Slide as China’s Retaliatory Tariffs Threaten Global Demand
Oil prices tumbled Tuesday, giving up all the gains accumulated this year as a trade confrontation between the United States and China intensified. West Texas Intermediate (WTI) crude dropped below $72 per barrel, a steep reversal from early-year highs driven by cold weather and sanction fears. The selloff followed Beijing's decision to impose new tariffs on American products, including coal, liquefied natural gas, and crude oil. 
Oil prices tumbled Tuesday, giving up all the gains accumulated this year as a trade confrontation between the United States and China intensified. West Texas Intermediate (WTI) crude dropped below $72 per barrel, a steep reversal from early-year highs driven by cold weather and sanction fears. The selloff followed Beijing's decision to impose new tariffs on American products, including coal, liquefied natural gas, and crude oil. -
Crypto Markets Plunge 10% as Trump’s Tariff Threat Spurs Global Sell-Off
Cryptocurrency markets slid sharply on Monday after President Donald Trump announced a new round of tariffs on goods from Canada, Mexico, and China, triggering a global wave of risk aversion. Bitcoin dropped below $100,000 for the first time in weeks and touched a low of about $92,000 before recovering. Meanwhile, ether, dogecoin, and other digital tokens lost more than 10% on the heels of the weekend announcement. 
Cryptocurrency markets slid sharply on Monday after President Donald Trump announced a new round of tariffs on goods from Canada, Mexico, and China, triggering a global wave of risk aversion. Bitcoin dropped below $100,000 for the first time in weeks and touched a low of about $92,000 before recovering. Meanwhile, ether, dogecoin, and other digital tokens lost more than 10% on the heels of the weekend announcement. -
Trump’s Surprise Tariffs Rattle Markets, Spark Stock Selloffs Worldwide
Nvidia stock fell as much as 5% on Monday following U.S. President Donald Trump's announcement of new tariffs on Mexico, Canada, and China, fueling trade war concerns across global markets. European shares, including the pan-European STOXX 600, dropped 1.3%, while the tech-heavy Nasdaq slid over 2% in early trading, highlighting investor unease about escalating international trade tensions. 
Nvidia stock fell as much as 5% on Monday following U.S. President Donald Trump's announcement of new tariffs on Mexico, Canada, and China, fueling trade war concerns across global markets. European shares, including the pan-European STOXX 600, dropped 1.3%, while the tech-heavy Nasdaq slid over 2% in early trading, highlighting investor unease about escalating international trade tensions. -
Oil Prices Surge as Trump Tariffs Raise Supply Concerns
Oil prices rose sharply on Monday as markets reacted to President Donald Trump's sweeping tariffs on imports from Canada, Mexico, and China, sparking fears of supply chain disruptions and increased costs for U.S. refiners. 
Oil prices rose sharply on Monday as markets reacted to President Donald Trump's sweeping tariffs on imports from Canada, Mexico, and China, sparking fears of supply chain disruptions and increased costs for U.S. refiners. -
Canada, Mexico, and China Hit U.S. With Retaliatory Tariffs After Trump’s Trade Order
Canada, Mexico, and China announced retaliatory tariffs after President Donald Trump imposed sweeping new duties on imported goods from the three countries. The executive order, signed Saturday, enacts a 25% tariff on all imports from Canada and Mexico, with a 10% tariff on Canadian energy products and a 10% tariff on Chinese goods. 
Canada, Mexico, and China announced retaliatory tariffs after President Donald Trump imposed sweeping new duties on imported goods from the three countries. The executive order, signed Saturday, enacts a 25% tariff on all imports from Canada and Mexico, with a 10% tariff on Canadian energy products and a 10% tariff on Chinese goods. -
Gold Soars Above $2,800 as Tariff Threats and Inflation Fuel Record Rally
Gold prices soared past the $2,800 mark for the first time Friday, driven by investor demand for safe-haven assets as President Donald Trump's tariff threats reignited fears over global economic stability. The rally coincided with new inflation data showing persistent price pressures, raising uncertainty over the Federal Reserve's next policy moves. 
Gold prices soared past the $2,800 mark for the first time Friday, driven by investor demand for safe-haven assets as President Donald Trump's tariff threats reignited fears over global economic stability. The rally coincided with new inflation data showing persistent price pressures, raising uncertainty over the Federal Reserve's next policy moves. -
Inflation Holds at 2.8% as Fed Signals No Rush on Rate Cuts
Inflation remained stubbornly above the Federal Reserve's 2% target to close out 2024, with core prices holding steady at 2.8%, according to Commerce Department data released Friday. The personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, increased 2.6% year-over-year in December, rising from November's 2.4% reading. 
Inflation remained stubbornly above the Federal Reserve's 2% target to close out 2024, with core prices holding steady at 2.8%, according to Commerce Department data released Friday. The personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, increased 2.6% year-over-year in December, rising from November's 2.4% reading. -
U.S. Braces for Economic Shock as Trump’s 25% Tariffs on Canada, Mexico Loom
The United States stands on the brink of a major trade shake-up as President Donald Trump prepares to impose sweeping 25% tariffs on all imports from Canada and Mexico. The move, set to take effect as early as Saturday, threatens to disrupt nearly $1.6 trillion in annual trade and drive up prices on a broad range of goods, from gasoline and groceries to automobiles and electronics. 
The United States stands on the brink of a major trade shake-up as President Donald Trump prepares to impose sweeping 25% tariffs on all imports from Canada and Mexico. The move, set to take effect as early as Saturday, threatens to disrupt nearly $1.6 trillion in annual trade and drive up prices on a broad range of goods, from gasoline and groceries to automobiles and electronics. -
U.S. Economy Slows in Q4 as Business Investment Declines, Consumer Spending Holds Strong
The U.S. economy expanded at a slower pace in the final quarter of 2024, with gross domestic product (GDP) growing at an annualized rate of 2.3%, the Commerce Department reported Thursday. The figure fell short of economists' expectations of 2.5% growth and marked a slowdown from the third quarter's 3.1% expansion. 
The U.S. economy expanded at a slower pace in the final quarter of 2024, with gross domestic product (GDP) growing at an annualized rate of 2.3%, the Commerce Department reported Thursday. The figure fell short of economists' expectations of 2.5% growth and marked a slowdown from the third quarter's 3.1% expansion.
