Jerry Lin
The Latest
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Japan Stocks Plunge as Shigeru Ishiba Becomes Prime Minister; BOJ's Ueda Breathes a Sigh of Relief
The unexpected victory of Shigeru Ishiba as Japan's next prime minister, coupled with a series of mixed economic data, sent shockwaves through Japan's stock market, marking another "Black Monday" for the country. 
The unexpected victory of Shigeru Ishiba as Japan's next prime minister, coupled with a series of mixed economic data, sent shockwaves through Japan's stock market, marking another "Black Monday" for the country. -
Gold Eyes Biggest Quarterly Gain Since 2016 Amid Fed Rate Cuts and Middle East Tensions
Gold prices are poised to deliver their biggest quarterly gain in over eight years, as the precious metal continues to benefit from global uncertainties and dovish monetary policies. 
Gold prices are poised to deliver their biggest quarterly gain in over eight years, as the precious metal continues to benefit from global uncertainties and dovish monetary policies. -
Fed’s Preferred Inflation Measure Signals Cooling Price Pressures, Paving Way for More Rate Cuts
According to the Commerce Department's report released on Friday, the personal consumption expenditures (PCE) price index, a key inflation gauge preferred by the Fed, increased by just 0.1% in August. On an annual basis, the inflation rate now stands at 2.2%, down from 2.5% in July, marking the lowest inflation reading since February 2021. 
According to the Commerce Department's report released on Friday, the personal consumption expenditures (PCE) price index, a key inflation gauge preferred by the Fed, increased by just 0.1% in August. On an annual basis, the inflation rate now stands at 2.2%, down from 2.5% in July, marking the lowest inflation reading since February 2021. -
China to Unveil $284 Billion Bond Issuance in Major Push to Revive Economic Growth: Report
China is set to issue $284 billion in special sovereign bonds this year, marking a significant move aimed at reviving its sluggish economy and countering deflationary pressures. 
China is set to issue $284 billion in special sovereign bonds this year, marking a significant move aimed at reviving its sluggish economy and countering deflationary pressures. -
U.S. Economy Surges at 3% Growth in Second Quarter Amid Strong Corporate Profits
The U.S. economy grew at an annualized rate of 3% in the second quarter of 2024, continuing its steady expansion in the face of high interest rates, according to the latest figures from the Bureau of Economic Analysis. The third estimate of second-quarter gross domestic product (GDP), released on Thursday, confirmed the earlier reading, showing a stronger-than-expected performance despite ongoing global uncertainties. 
The U.S. economy grew at an annualized rate of 3% in the second quarter of 2024, continuing its steady expansion in the face of high interest rates, according to the latest figures from the Bureau of Economic Analysis. The third estimate of second-quarter gross domestic product (GDP), released on Thursday, confirmed the earlier reading, showing a stronger-than-expected performance despite ongoing global uncertainties. -
Gold Prices Skyrocket to Record Highs Amid Economic Uncertainty and Geopolitical Tensions
Gold prices continue their historic rise, nearing record highs as a combination of economic uncertainty, geopolitical tensions, and strong demand from central banks fuel the metal's rally. On Tuesday, the New York spot price of gold closed at $2,657 per Troy ounce, just below the record $2,669.97 set earlier in the week. This marks a nearly 30% increase in gold prices year-to-date, significantly outpacing the 20% gains seen in the S&P 500 over the same period. 
Gold prices continue their historic rise, nearing record highs as a combination of economic uncertainty, geopolitical tensions, and strong demand from central banks fuel the metal's rally. On Tuesday, the New York spot price of gold closed at $2,657 per Troy ounce, just below the record $2,669.97 set earlier in the week. This marks a nearly 30% increase in gold prices year-to-date, significantly outpacing the 20% gains seen in the S&P 500 over the same period. -
Gold Prices Surge to Record Highs as Investors Anticipate Further Fed Rate Cuts
Gold prices soared to unprecedented levels this week, reflecting heightened investor anxiety over the health of the U.S. economy and expectations of further interest rate cuts by the Federal Reserve. The most actively traded gold futures contract reached a record $2,687.30 per ounce on Tuesday before retreating slightly, marking a roughly 30% increase since the beginning of the year. 
Gold prices soared to unprecedented levels this week, reflecting heightened investor anxiety over the health of the U.S. economy and expectations of further interest rate cuts by the Federal Reserve. The most actively traded gold futures contract reached a record $2,687.30 per ounce on Tuesday before retreating slightly, marking a roughly 30% increase since the beginning of the year. -
Mortgage Applications Surge to Two-Year High as Refinancing Booms
Mortgage applications have soared to their highest level since July 2022, driven primarily by a significant uptick in refinancing activity as mortgage rates continue to decline. According to the Mortgage Bankers Association (MBA), total applications to refinance or purchase a home increased by 11% in the week ending September 20 compared to the previous week. 
Mortgage applications have soared to their highest level since July 2022, driven primarily by a significant uptick in refinancing activity as mortgage rates continue to decline. According to the Mortgage Bankers Association (MBA), total applications to refinance or purchase a home increased by 11% in the week ending September 20 compared to the previous week. -
U.S. Consumer Confidence Drops Sharply Amid Job Concerns and Economic Uncertainty
Consumer confidence in the U.S. took a significant hit in September, as Americans expressed growing concern over the labor market and economic conditions. The Conference Board reported on Tuesday that its consumer confidence index fell to 98.7, down from 105.6 in August. This marks the largest month-to-month decline since August 2021, reflecting increasing uncertainty among households about the future. 
Consumer confidence in the U.S. took a significant hit in September, as Americans expressed growing concern over the labor market and economic conditions. The Conference Board reported on Tuesday that its consumer confidence index fell to 98.7, down from 105.6 in August. This marks the largest month-to-month decline since August 2021, reflecting increasing uncertainty among households about the future. -
DOJ Set to File Antitrust Lawsuit Against Visa Alleging Debit Card Monopoly
The U.S. Department of Justice (DOJ) is preparing to file a lawsuit against Visa, the world's largest payment network operator, accusing the company of monopolistic practices in the U.S. debit card market. The lawsuit, which could be filed as early as this week, claims that Visa has engaged in anti-competitive behaviors that have stifled competition and maintained its dominant position in the multibillion-dollar debit card industry. 
The U.S. Department of Justice (DOJ) is preparing to file a lawsuit against Visa, the world's largest payment network operator, accusing the company of monopolistic practices in the U.S. debit card market. The lawsuit, which could be filed as early as this week, claims that Visa has engaged in anti-competitive behaviors that have stifled competition and maintained its dominant position in the multibillion-dollar debit card industry.
