Jerry Lin
The Latest
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U.S. Mortgage Rates Plunge to 6.55%, Sparking Surge in Refinancing Applications
U.S. mortgage rates experienced their steepest drop in two years, igniting a flurry of refinancing activity and providing a glimmer of hope for a housing market that has been stymied by high borrowing costs. 
U.S. mortgage rates experienced their steepest drop in two years, igniting a flurry of refinancing activity and providing a glimmer of hope for a housing market that has been stymied by high borrowing costs. -
Oil Prices Surge as Middle East Tensions Offset Recession Fears
U.S. crude oil futures saw a significant rebound on Wednesday, driven by escalating tensions in the Middle East and a recovery in the stock market. The West Texas Intermediate (WTI) September contract rose by $1.61, or 2.24%, closing at $74.81 per barrel. Similarly, Brent crude for October delivery increased by $1.64, or 2.14%, to settle at $78.12 per barrel. This recovery comes after both benchmarks experienced multi-month lows earlier in the week due to recession fears and weak demand indicators. 
U.S. crude oil futures saw a significant rebound on Wednesday, driven by escalating tensions in the Middle East and a recovery in the stock market. The West Texas Intermediate (WTI) September contract rose by $1.61, or 2.24%, closing at $74.81 per barrel. Similarly, Brent crude for October delivery increased by $1.64, or 2.14%, to settle at $78.12 per barrel. This recovery comes after both benchmarks experienced multi-month lows earlier in the week due to recession fears and weak demand indicators. -
Japan's Nikkei Roars Back with 10% Gain, Calms Markets
Wall Street is set for a calmer trading day Tuesday after experiencing a massive sell-off to start the week, with global markets showing signs of recovery. Futures for the S&P 500 rose by 0.8%, and the Dow Jones Industrial Average futures gained 0.7%. The technology-heavy Nasdaq, which had tumbled over 3% at the beginning of the week, climbed 0.9%. 
Wall Street is set for a calmer trading day Tuesday after experiencing a massive sell-off to start the week, with global markets showing signs of recovery. Futures for the S&P 500 rose by 0.8%, and the Dow Jones Industrial Average futures gained 0.7%. The technology-heavy Nasdaq, which had tumbled over 3% at the beginning of the week, climbed 0.9%. -
Bitcoin Bounces Back Amid Recession Fears: Will the Recovery Last?
The cryptocurrency market experienced a volatile rebound on Tuesday, with Bitcoin and Ether partially recovering from one of the sector's worst sell-offs in recent years. This recovery comes amid widespread fears of a looming U.S. recession, which had earlier triggered a significant market downturn. 
The cryptocurrency market experienced a volatile rebound on Tuesday, with Bitcoin and Ether partially recovering from one of the sector's worst sell-offs in recent years. This recovery comes amid widespread fears of a looming U.S. recession, which had earlier triggered a significant market downturn. -
Worst Day for Wall Street Since 2022: Fed Rate Concerns and Weak Jobs Report Spark Major Sell-Off
Wall Street faced its most challenging day in nearly two years on Monday as a global stock market sell-off triggered by recession fears in the U.S. led to significant declines across major indices. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all tumbled in a volatile trading session, reflecting heightened investor anxiety about the health of the U.S. economy. 
Wall Street faced its most challenging day in nearly two years on Monday as a global stock market sell-off triggered by recession fears in the U.S. led to significant declines across major indices. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all tumbled in a volatile trading session, reflecting heightened investor anxiety about the health of the U.S. economy. -
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.
