Jerry Lin
The Latest
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ECB Poised for First Rate Cut Since 2019 Amid Persistent Inflation Concerns
The European Central Bank (ECB) is set to reduce interest rates from their record highs on Thursday, marking its first rate cut since 2019. This decision comes as the ECB acknowledges progress in its battle against high inflation, which has dropped from over 10% in late 2022 to just above the 2% target in recent months across the 20 eurozone countries. 
The European Central Bank (ECB) is set to reduce interest rates from their record highs on Thursday, marking its first rate cut since 2019. This decision comes as the ECB acknowledges progress in its battle against high inflation, which has dropped from over 10% in late 2022 to just above the 2% target in recent months across the 20 eurozone countries. -
Texas Set to Launch New Stock Exchange Backed by Heavyweights
The landscape of U.S. financial markets is on the verge of a significant shift with the announcement of the Texas Stock Exchange (TXSE), a new player set to enter the arena with substantial backing. The TXSE Group revealed plans on Wednesday to establish this new exchange, supported by $120 million in capital from over two dozen investors, including industry giants BlackRock and Citadel Securities 
The landscape of U.S. financial markets is on the verge of a significant shift with the announcement of the Texas Stock Exchange (TXSE), a new player set to enter the arena with substantial backing. The TXSE Group revealed plans on Wednesday to establish this new exchange, supported by $120 million in capital from over two dozen investors, including industry giants BlackRock and Citadel Securities -
Indian Markets Plummet $371 Billion as Modi's Election Results Fall Short
India's financial markets experienced a dramatic selloff as Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) failed to secure an anticipated landslide victory in the recent elections. The significant market reaction reflects investor anxiety about the country's economic direction under a less decisive mandate. 
India's financial markets experienced a dramatic selloff as Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) failed to secure an anticipated landslide victory in the recent elections. The significant market reaction reflects investor anxiety about the country's economic direction under a less decisive mandate. -
Bank of Canada Cuts Interest Rates for First Time in Four Years
The Bank of Canada (BoC) has taken a significant step in monetary policy by cutting its key policy rate for the first time in four years. On Wednesday, the central bank reduced its benchmark interest rate by 25 basis points, bringing it down to 4.75%. This move, widely anticipated by financial markets, reflects the BoC's response to easing inflationary pressures and marks a turning point in its efforts to stabilize the Canadian economy. 
The Bank of Canada (BoC) has taken a significant step in monetary policy by cutting its key policy rate for the first time in four years. On Wednesday, the central bank reduced its benchmark interest rate by 25 basis points, bringing it down to 4.75%. This move, widely anticipated by financial markets, reflects the BoC's response to easing inflationary pressures and marks a turning point in its efforts to stabilize the Canadian economy. -
U.S. Job Market Faces Increased Competition Amid Decline in Job Openings
The U.S. job market, though still robust, has entered a phase of increased competition for job seekers, signaling a gradual cooling from the previously overheated conditions. According to the latest data from the U.S. Bureau of Labor Statistics, job openings fell to their lowest level in over three years in April, a clear indication that the labor market is starting to normalize after the tumultuous pandemic years. 
The U.S. job market, though still robust, has entered a phase of increased competition for job seekers, signaling a gradual cooling from the previously overheated conditions. According to the latest data from the U.S. Bureau of Labor Statistics, job openings fell to their lowest level in over three years in April, a clear indication that the labor market is starting to normalize after the tumultuous pandemic years. -
Oil Prices Plummet Amid OPEC+ Supply Increase and Economic Concerns
U.S. crude oil prices have extended their recent losing streak, falling nearly 2% on Tuesday and erasing most of the gains accumulated over the year. This decline follows the announcement by OPEC+ to increase production starting in October. The decision has significantly impacted market sentiment, leading to a broader sell-off in the energy sector. 
U.S. crude oil prices have extended their recent losing streak, falling nearly 2% on Tuesday and erasing most of the gains accumulated over the year. This decline follows the announcement by OPEC+ to increase production starting in October. The decision has significantly impacted market sentiment, leading to a broader sell-off in the energy sector. -
Modi’s Coalition Lead Fails to Impress, Indian Stocks, Bonds, and Rupee Plunge; Nifty Index Sees Largest Drop in Four Years
As vote counting for the Indian elections proceeds, Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) holds a tentative lead. However, early results indicate the party has not secured an overwhelming victory, causing a significant drop in Indian stocks, bonds, and the rupee. 
As vote counting for the Indian elections proceeds, Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) holds a tentative lead. However, early results indicate the party has not secured an overwhelming victory, causing a significant drop in Indian stocks, bonds, and the rupee. -
NYSE Resolves Major Technical Issue, Trading Halts Lifted for Affected Stocks
A technical glitch at the New York Stock Exchange (NYSE) on Monday caused Warren Buffett's Berkshire Hathaway A-class shares to be displayed as plummeting nearly 100%, triggering a halt in trading. The issue, which also affected stocks like Barrick Gold and NuScale Power, was swiftly addressed, but it raised concerns about the reliability of Wall Street's trading infrastructure. 
A technical glitch at the New York Stock Exchange (NYSE) on Monday caused Warren Buffett's Berkshire Hathaway A-class shares to be displayed as plummeting nearly 100%, triggering a halt in trading. The issue, which also affected stocks like Barrick Gold and NuScale Power, was swiftly addressed, but it raised concerns about the reliability of Wall Street's trading infrastructure. -
Bank of America Warns of Potential Japanese Debt Crisis
Bank of America is warning that Japan is facing the risk of a financial collapse. 
Bank of America is warning that Japan is facing the risk of a financial collapse. -
Indian Stock Market Soars on Projections of Modi's Resounding Election Victory
Indian stock markets soared to record highs on Monday, propelled by exit polls predicting a substantial victory for incumbent Prime Minister Narendra Modi in the national elections. The benchmark Sensex index and the broader Nifty 50 index both closed at all-time highs, each gaining over 3%. 
Indian stock markets soared to record highs on Monday, propelled by exit polls predicting a substantial victory for incumbent Prime Minister Narendra Modi in the national elections. The benchmark Sensex index and the broader Nifty 50 index both closed at all-time highs, each gaining over 3%.
