Jerry Lin
The Latest
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Yen Surges to Seven-Month High Amid U.S. Economic Concerns and Global Market Shifts
The Japanese yen surged to a seven-month high against the U.S. dollar on Monday, triggered by a confluence of factors that have heightened fears of an economic downturn in the United States and spurred a global sell-off in equities and commodities. The yen, traditionally seen as a safe haven in times of market uncertainty, gained significant ground as investors unwound carry trades, exacerbated by weak U.S. economic data and escalating concerns over the Chinese economy. 
The Japanese yen surged to a seven-month high against the U.S. dollar on Monday, triggered by a confluence of factors that have heightened fears of an economic downturn in the United States and spurred a global sell-off in equities and commodities. The yen, traditionally seen as a safe haven in times of market uncertainty, gained significant ground as investors unwound carry trades, exacerbated by weak U.S. economic data and escalating concerns over the Chinese economy. -
Oil Prices Plummet Amid US Recession Fears and Broader Market Selloff
Oil prices continued their downward spiral on Monday, driven by mounting fears of a U.S. recession and broader market selloffs. Despite concerns that escalating conflict in the Middle East could disrupt crude supplies, the negative sentiment surrounding global economic prospects overshadowed these geopolitical risks. 
Oil prices continued their downward spiral on Monday, driven by mounting fears of a U.S. recession and broader market selloffs. Despite concerns that escalating conflict in the Middle East could disrupt crude supplies, the negative sentiment surrounding global economic prospects overshadowed these geopolitical risks. -
Morgan Stanley Opens Door to Bitcoin ETFs for Wealthy Clients - Report
Morgan Stanley has announced that its wealth advisors will soon be able to offer bitcoin exchange-traded funds (ETFs) to select clients. This development marks a notable shift as Morgan Stanley becomes the first major Wall Street bank to permit such solicitations, according to sources familiar with the bank's internal policies. 
Morgan Stanley has announced that its wealth advisors will soon be able to offer bitcoin exchange-traded funds (ETFs) to select clients. This development marks a notable shift as Morgan Stanley becomes the first major Wall Street bank to permit such solicitations, according to sources familiar with the bank's internal policies. -
Oil Prices Tumble for Fourth Consecutive Week Amid Weak U.S. Job Growth and Rising Middle East Tensions
Oil prices declined sharply on Friday, marking the fourth consecutive week of losses as weaker-than-expected U.S. job growth and global economic concerns clouded the demand outlook for crude. Brent crude futures fell by $1.41, or 1.8%, to $78.11 per barrel, while U.S. West Texas Intermediate (WTI) crude futures dropped by $1.59, or 2.1%, to $74.72 per barrel. 
Oil prices declined sharply on Friday, marking the fourth consecutive week of losses as weaker-than-expected U.S. job growth and global economic concerns clouded the demand outlook for crude. Brent crude futures fell by $1.41, or 1.8%, to $78.11 per barrel, while U.S. West Texas Intermediate (WTI) crude futures dropped by $1.59, or 2.1%, to $74.72 per barrel. -
US Job Growth Falters in July as Unemployment Rate Climbs to 4.3%
the US labor market added only 114,000 jobs in July, significantly below the 175,000 expected by economists. Concurrently, the unemployment rate rose to 4.3%, the highest level since October 2021, underscoring the mounting challenges facing the economy as it navigates a summer slowdown. 
the US labor market added only 114,000 jobs in July, significantly below the 175,000 expected by economists. Concurrently, the unemployment rate rose to 4.3%, the highest level since October 2021, underscoring the mounting challenges facing the economy as it navigates a summer slowdown. -
Japan Stocks Suffer Steepest Drop Since Pandemic's Onset Amid Global Economic Fears
Japanese stocks plummeted nearly 6% on Friday, marking the Nikkei 225's most significant daily drop since the onset of the pandemic in March 2020. The sharp decline comes as global markets are beset by anxieties over the US economy, coupled with anticipations of further interest rate hikes from the Bank of Japan (BOJ). 
Japanese stocks plummeted nearly 6% on Friday, marking the Nikkei 225's most significant daily drop since the onset of the pandemic in March 2020. The sharp decline comes as global markets are beset by anxieties over the US economy, coupled with anticipations of further interest rate hikes from the Bank of Japan (BOJ). -
Mortgage Rates Hit Lowest Level Since February Amid Fed’s Hint at Potential Rate Cut
Mortgage rates have dropped to their lowest levels since early February, providing a glimmer of hope for prospective homebuyers grappling with high costs. This decline follows signals from the Federal Reserve indicating a potential rate cut in September, which has stirred cautious optimism in the housing market. 
Mortgage rates have dropped to their lowest levels since early February, providing a glimmer of hope for prospective homebuyers grappling with high costs. This decline follows signals from the Federal Reserve indicating a potential rate cut in September, which has stirred cautious optimism in the housing market. -
BoE's First Rate Cut in Four Years Sparks Mixed Reactions, Economic Implications
The Bank of England (BoE) cut interest rates for the first time in four years, reducing the benchmark rate from a 16-year high of 5.25% to 5%. The decision, reached after a narrow 5-4 vote by the BoE's Monetary Policy Committee, reflects growing divisions among policymakers over whether inflationary pressures have sufficiently eased. 
The Bank of England (BoE) cut interest rates for the first time in four years, reducing the benchmark rate from a 16-year high of 5.25% to 5%. The decision, reached after a narrow 5-4 vote by the BoE's Monetary Policy Committee, reflects growing divisions among policymakers over whether inflationary pressures have sufficiently eased. -
Fed Holds Rates Steady Amid Inflation Progress, Hints at Future Cuts
Federal Reserve officials opted to hold short-term interest rates steady on Wednesday, signaling that while inflation is getting closer to the Fed's target, immediate rate cuts are not yet on the horizon. The central bank maintained its benchmark overnight borrowing rate at 5.25% to 5.5%, the highest level in 23 years, a stance it has held for the past year to combat inflation. 
Federal Reserve officials opted to hold short-term interest rates steady on Wednesday, signaling that while inflation is getting closer to the Fed's target, immediate rate cuts are not yet on the horizon. The central bank maintained its benchmark overnight borrowing rate at 5.25% to 5.5%, the highest level in 23 years, a stance it has held for the past year to combat inflation. -
Citigroup Repeatedly Breached Fed Rules for Interbank Loans, Faces Compliance Challenges
Citigroup Inc. is grappling with a new wave of compliance issues after repeatedly breaching the Federal Reserve's Regulation W, which limits transactions between banks and their subsidiaries. 
Citigroup Inc. is grappling with a new wave of compliance issues after repeatedly breaching the Federal Reserve's Regulation W, which limits transactions between banks and their subsidiaries.
