Jerry Lin

Jerry Lin

The Latest

  • Bitcoin Surges Past $81,000 as Trump’s Pro-Crypto Stance Reshapes Market Expectations
    SOARING
    Bitcoin surged past $81,000 over the weekend, marking a new all-time high as markets reacted to President-elect Donald Trump's recent election victory and his stated support for digital assets. The cryptocurrency's rally underscores how Trump's ascent, coupled with the anticipation of a Congress filled with pro-crypto lawmakers, is reshaping sentiment in the digital asset space.
  • Fed Cuts Rates Amid Uncertainty Following Trump's Election, Signals Further Moves Ahead
    SECOND TERM
    The Federal Reserve cut interest rates by a quarter point on Thursday, citing a cooling labor market and easing inflation, just days after the U.S. presidential election that saw Donald Trump return to the White House. The decision, which brings the Fed's lending rate down to a range of 4.5% to 4.75%, marks the central bank's second rate reduction since September and signals a cautious approach amid heightened economic uncertainty.
  • U.S. Jobless Claims Rise Slightly as Fed Prepares Further Rate Cuts
    Jobless
    The number of Americans filing for unemployment benefits rose modestly last week, reflecting a mixed labor market picture that underscores both resiliency and emerging strains. The uptick comes as the Federal Reserve, grappling with balancing inflation risks and supporting economic growth, prepares to lower interest rates once more.
  • Bank of England Cuts Rates Amid Budget-Driven Inflation Concerns
    UK Central Bank
    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
    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
    U.S. Federal Reserve building
    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 will deepen reforms of loan prime lending rate - central bank official
    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
    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
    Crude oil
    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
    CURRENCIES
    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.
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