Jerry Lin
The Latest
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Bitcoin Tops $61K with Eyes on Federal Reserve’s Upcoming Rate Decision
Bitcoin prices climbed above $61,000 in early European trading on Tuesday, marking a significant recovery after two consecutive sessions of losses. Despite this rise, the market remains volatile, with the Bitcoin Volatility Index hovering near its yearly high of 3.07%. 
Bitcoin prices climbed above $61,000 in early European trading on Tuesday, marking a significant recovery after two consecutive sessions of losses. Despite this rise, the market remains volatile, with the Bitcoin Volatility Index hovering near its yearly high of 3.07%. -
Oil Prices Steady as Gaza Ceasefire Prospects Emerge Amid Chinese Demand Concerns
Oil prices showed signs of stabilization on Tuesday after two consecutive sessions of decline, as geopolitical tensions in the Middle East began to ease with the potential for a ceasefire deal in Gaza. However, concerns over weakening demand from China, the world's second-largest economy, continue to weigh heavily on the market. 
Oil prices showed signs of stabilization on Tuesday after two consecutive sessions of decline, as geopolitical tensions in the Middle East began to ease with the potential for a ceasefire deal in Gaza. However, concerns over weakening demand from China, the world's second-largest economy, continue to weigh heavily on the market. -
Federal Reserve Signals Rate Cuts as Early as September: What It Means for the U.S. Economy and Election
As the U.S. presidential election approaches, the economic landscape is shifting in ways that could significantly influence the outcome. Wall Street economists and financial markets are increasingly betting that the Federal Reserve will begin cutting interest rates as early as September, providing a potential boost to Vice President Kamala Harris's campaign. 
As the U.S. presidential election approaches, the economic landscape is shifting in ways that could significantly influence the outcome. Wall Street economists and financial markets are increasingly betting that the Federal Reserve will begin cutting interest rates as early as September, providing a potential boost to Vice President Kamala Harris's campaign. -
Gold Prices Surge to Record Highs Amid Fed Rate Speculation and Geopolitical Tensions; Could Hit $3,000 by 2025
Gold prices have recently reached unprecedented levels, with analysts predicting further increases as global uncertainties continue to mount. On Monday, spot gold held steady at last session's record high of $2,508.14 per ounce, while U.S. gold futures rose to a new peak of $2,540.80 per ounce. This surge comes as the U.S. Federal Reserve's upcoming rate decision looms large over the financial markets, with many investors anticipating a potential rate cut as early as next month. 
Gold prices have recently reached unprecedented levels, with analysts predicting further increases as global uncertainties continue to mount. On Monday, spot gold held steady at last session's record high of $2,508.14 per ounce, while U.S. gold futures rose to a new peak of $2,540.80 per ounce. This surge comes as the U.S. Federal Reserve's upcoming rate decision looms large over the financial markets, with many investors anticipating a potential rate cut as early as next month. -
Goldman Sachs Lowers U.S. Recession Odds to 20% Following Positive Economic Indicators
Goldman Sachs has adjusted its outlook on the U.S. economy, reducing the probability of a recession over the next 12 months to 20% from a previously elevated 25%. This change comes on the heels of encouraging data from the labor market and stronger-than-expected retail sales, signaling that the economic downturn many had feared may not be as imminent as previously thought. 
Goldman Sachs has adjusted its outlook on the U.S. economy, reducing the probability of a recession over the next 12 months to 20% from a previously elevated 25%. This change comes on the heels of encouraging data from the labor market and stronger-than-expected retail sales, signaling that the economic downturn many had feared may not be as imminent as previously thought. -
Oil Prices Slip Below $80 as China Demand Worries Weigh Heavily on Market
Oil prices began the week on a downward trajectory, with Brent crude holding below the $80 mark, as concerns over weakening demand from China, the world's largest oil importer, dampened market sentiment. By mid-morning in London, Brent crude futures had slipped 63 cents, or 0.8%, to $79.05 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 71 cents, or 0.9%, to $75.94 a barrel. 
Oil prices began the week on a downward trajectory, with Brent crude holding below the $80 mark, as concerns over weakening demand from China, the world's largest oil importer, dampened market sentiment. By mid-morning in London, Brent crude futures had slipped 63 cents, or 0.8%, to $79.05 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 71 cents, or 0.9%, to $75.94 a barrel. -
Oil Prices Drop Below $80 Amid China Slowdown and Easing Geopolitical Risks
Oil prices experienced a significant drop on Friday, falling more than $2 per barrel, with Brent crude dipping below the $80 mark. This decline has set the stage for a weekly loss, driven primarily by renewed concerns over China's economic health, which have overshadowed lingering geopolitical risks in the Middle East. Oil prices experienced a significant drop on Friday, falling more than $2 per barrel, with Brent crude dipping below the $80 mark. This decline has set the stage for a weekly loss, driven primarily by renewed concerns over China's economic health, which have overshadowed lingering geopolitical risks in the Middle East. -
Mortgage Rate Decline Spurs Refinancing Surge: What It Means for Homeowners
A significant drop in mortgage rates has triggered a wave of refinancing activity across the United States, with homeowners eager to take advantage of the opportunity to reduce their monthly payments. The average 30-year fixed-rate mortgage now stands at 6.49%, slightly higher than last week but still well below the peak rates seen earlier this year and the two-decade high reached last fall, according to Freddie Mac. 
A significant drop in mortgage rates has triggered a wave of refinancing activity across the United States, with homeowners eager to take advantage of the opportunity to reduce their monthly payments. The average 30-year fixed-rate mortgage now stands at 6.49%, slightly higher than last week but still well below the peak rates seen earlier this year and the two-decade high reached last fall, according to Freddie Mac. -
Japan’s GDP Beats Expectations, BOJ Eyes Potential Rate Hike Amid Strong Recovery
Japan's economy experienced a robust rebound in the second quarter of 2024, bolstered by a significant surge in private consumption and adding weight to the argument for further interest rate hikes. The country's Gross Domestic Product (GDP) expanded by an annualized 3.1% during the quarter, surpassing economists' expectations of a 2.1% increase. This marks a sharp recovery from the 2.3% contraction seen in the first quarter, signaling a stronger-than-anticipated resurgence in economic activity. 
Japan's economy experienced a robust rebound in the second quarter of 2024, bolstered by a significant surge in private consumption and adding weight to the argument for further interest rate hikes. The country's Gross Domestic Product (GDP) expanded by an annualized 3.1% during the quarter, surpassing economists' expectations of a 2.1% increase. This marks a sharp recovery from the 2.3% contraction seen in the first quarter, signaling a stronger-than-anticipated resurgence in economic activity. -
U.S. Retail Sales Surge in July, Defying Expectations and Easing Economic Fears
Consumer spending in the United States showed unexpected resilience in July, with retail sales rising by 1%, a figure that significantly exceeded Wall Street's expectations. The Commerce Department's report, released on Thursday, indicated a robust economic performance, bolstered by strong consumer activity despite ongoing inflationary pressures. This growth is a clear indicator that the American consumer, often viewed as the backbone of the economy, continues to drive economic momentum even in the face of broader concerns. 
Consumer spending in the United States showed unexpected resilience in July, with retail sales rising by 1%, a figure that significantly exceeded Wall Street's expectations. The Commerce Department's report, released on Thursday, indicated a robust economic performance, bolstered by strong consumer activity despite ongoing inflationary pressures. This growth is a clear indicator that the American consumer, often viewed as the backbone of the economy, continues to drive economic momentum even in the face of broader concerns.
