Jerry Lin
The Latest
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Crude Oil Surges 4% as U.S.-China Tariff Truce Fuels Global Demand Outlook
Crude oil prices climbed sharply on Monday after the United States and China agreed to a 90-day tariff reduction, temporarily easing trade tensions between the world's two largest oil consumers. The market responded with optimism to the weekend agreement reached during talks in Geneva. 
Crude oil prices climbed sharply on Monday after the United States and China agreed to a 90-day tariff reduction, temporarily easing trade tensions between the world's two largest oil consumers. The market responded with optimism to the weekend agreement reached during talks in Geneva. -
Markets Rally as U.S.-China Slash Tariffs; Trade War Hits 90-Day Pause in Geneva Talks
The United States and China have agreed to a temporary 90-day pause in their escalating trade war, slashing tit-for-tat tariffs by up to 115% following high-stakes negotiations in Geneva. The agreement marks the most significant de-escalation in trade tensions since President Donald Trump imposed sweeping levies on Chinese imports earlier this year. 
The United States and China have agreed to a temporary 90-day pause in their escalating trade war, slashing tit-for-tat tariffs by up to 115% following high-stakes negotiations in Geneva. The agreement marks the most significant de-escalation in trade tensions since President Donald Trump imposed sweeping levies on Chinese imports earlier this year. -
Treasury Warns U.S. Could Default by August Without Debt Ceiling Hike, Urges Action Before July Recess
Treasury Secretary Scott Bessent warned congressional leaders on Friday that the United States could exhaust its borrowing authority by August, urging them to raise or suspend the debt ceiling before lawmakers depart for their summer recess at the end of July. 
Treasury Secretary Scott Bessent warned congressional leaders on Friday that the United States could exhaust its borrowing authority by August, urging them to raise or suspend the debt ceiling before lawmakers depart for their summer recess at the end of July. -
Gold Nears $3,350 as Dollar Dips, Markets Await U.S.-China Trade Talks and Fed Commentary
Gold prices rose Friday and were on track for a weekly gain of 2.5% as investors responded to a weakening U.S. dollar and escalating geopolitical tensions, with attention turning to U.S.-China trade talks set for this weekend in Switzerland. Spot gold climbed 0.6% to $3,325.20 per ounce by 11:34 GMT, while U.S. gold futures increased 0.8% to $3,334.30. 
Gold prices rose Friday and were on track for a weekly gain of 2.5% as investors responded to a weakening U.S. dollar and escalating geopolitical tensions, with attention turning to U.S.-China trade talks set for this weekend in Switzerland. Spot gold climbed 0.6% to $3,325.20 per ounce by 11:34 GMT, while U.S. gold futures increased 0.8% to $3,334.30. -
U.S.-U.K. Tariff 'Mini-Deal' Retains 10% Levy, Offers Limited Exemptions on Cars, Steel and Beef
President Donald Trump unveiled what he called a "full and comprehensive" trade agreement with the United Kingdom on Thursday, hailing it as a breakthrough in transatlantic relations. But the deal-announced after a month of negotiations-largely preserves the existing 10% blanket tariffs and offers only selective carve-outs for key U.K. exports, raising questions about its scope and significance. 
President Donald Trump unveiled what he called a "full and comprehensive" trade agreement with the United Kingdom on Thursday, hailing it as a breakthrough in transatlantic relations. But the deal-announced after a month of negotiations-largely preserves the existing 10% blanket tariffs and offers only selective carve-outs for key U.K. exports, raising questions about its scope and significance. -
Coinbase Acquires Deribit for $2.9 Billion to Expand Global Crypto Derivatives Presence
Coinbase has agreed to acquire Dubai-based Deribit for $2.9 billion in cash and stock, marking the largest acquisition in the cryptocurrency industry to date and cementing Coinbase's move into the global crypto derivatives market. The deal, announced Thursday, includes $700 million in cash and 11 million shares of Coinbase Class A common stock. It is expected to close by year-end. 
Coinbase has agreed to acquire Dubai-based Deribit for $2.9 billion in cash and stock, marking the largest acquisition in the cryptocurrency industry to date and cementing Coinbase's move into the global crypto derivatives market. The deal, announced Thursday, includes $700 million in cash and 11 million shares of Coinbase Class A common stock. It is expected to close by year-end. -
U.S. Jobless Claims Fall to 228,000 Despite Tariff Pressures and Fed Warning
The number of Americans filing initial claims for unemployment benefits fell more than expected last week, signaling ongoing labor market resilience even as economic uncertainty mounts over President Donald Trump's steep new tariffs and the Federal Reserve's warning of rising risks. 
The number of Americans filing initial claims for unemployment benefits fell more than expected last week, signaling ongoing labor market resilience even as economic uncertainty mounts over President Donald Trump's steep new tariffs and the Federal Reserve's warning of rising risks. -
Bank of England Cuts Rate to 4.25% Amid Trump Tariff Shock, Warns of Global Growth Risks
The Bank of England lowered its benchmark interest rate by 25 basis points to 4.25% on Thursday, citing the mounting impact of U.S. President Donald Trump's sweeping trade tariffs and the resulting slowdown in global growth. The decision, which revealed a rare split among policymakers, is the central bank's first move since the White House imposed a wide array of new levies on April 2. 
The Bank of England lowered its benchmark interest rate by 25 basis points to 4.25% on Thursday, citing the mounting impact of U.S. President Donald Trump's sweeping trade tariffs and the resulting slowdown in global growth. The decision, which revealed a rare split among policymakers, is the central bank's first move since the White House imposed a wide array of new levies on April 2. -
Ukraine Weighs Switching Currency Benchmark from Dollar to Euro - Report
Ukraine is considering a shift in its currency benchmark from the U.S. dollar to the euro, reflecting deeper ties with Europe and rising volatility in global markets, according to Central Bank Governor Andriy Pyshnyi. In a written statement to Reuters, Pyshnyi said the National Bank of Ukraine is reviewing whether the euro should replace the dollar as the reference currency for the hryvnia, a potential move linked to the country's future in the European Union and broader global realignments. 
Ukraine is considering a shift in its currency benchmark from the U.S. dollar to the euro, reflecting deeper ties with Europe and rising volatility in global markets, according to Central Bank Governor Andriy Pyshnyi. In a written statement to Reuters, Pyshnyi said the National Bank of Ukraine is reviewing whether the euro should replace the dollar as the reference currency for the hryvnia, a potential move linked to the country's future in the European Union and broader global realignments. -
Fed Defies Trump Rate Cut Demands, Warns of Economic Storm Ahead
The Federal Reserve held interest rates steady on Wednesday, maintaining its benchmark range at 4.25% to 4.5%, while warning of rising risks to both employment and inflation as the U.S. economy faces mounting pressure from President Donald Trump's aggressive tariff strategy. 
The Federal Reserve held interest rates steady on Wednesday, maintaining its benchmark range at 4.25% to 4.5%, while warning of rising risks to both employment and inflation as the U.S. economy faces mounting pressure from President Donald Trump's aggressive tariff strategy.
