Jerry Lin
The Latest
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UK Conservatives Hail Inflation Drop as Election Approaches
Inflation in the United Kingdom has returned to the Bank of England's target rate of 2% for the first time in nearly three years, a milestone seized upon by the governing Conservative Party as proof of their effective economic management ahead of the July 4 election. 
Inflation in the United Kingdom has returned to the Bank of England's target rate of 2% for the first time in nearly three years, a milestone seized upon by the governing Conservative Party as proof of their effective economic management ahead of the July 4 election. -
Warren Buffett Increases Stake in Occidental Petroleum to Nearly 29%
Warren Buffett's Berkshire Hathaway has significantly increased its stake in Occidental Petroleum, purchasing shares for nine consecutive trading sessions. This move has pushed the conglomerate's holding in the Houston-based oil and gas producer to nearly 29%, according to recent regulatory filings. 
Warren Buffett's Berkshire Hathaway has significantly increased its stake in Occidental Petroleum, purchasing shares for nine consecutive trading sessions. This move has pushed the conglomerate's holding in the Houston-based oil and gas producer to nearly 29%, according to recent regulatory filings. -
Oil Prices Rebound Amid Improved Market Sentiment and Federal Reserve Optimism
Oil prices have seen a notable recovery following a period of decline triggered by an OPEC+ announcement. The resurgence in prices is attributed to an improved market sentiment and potential optimistic signals from the U.S. Federal Reserve, which could further bolster oil prices. 
Oil prices have seen a notable recovery following a period of decline triggered by an OPEC+ announcement. The resurgence in prices is attributed to an improved market sentiment and potential optimistic signals from the U.S. Federal Reserve, which could further bolster oil prices. -
Paris Loses Stock Market Crown to London Amid Political Uncertainty
London has reclaimed its position as Europe's largest stock market, overtaking Paris as political uncertainty looms in France. According to Bloomberg, the total market value of stocks listed in the United Kingdom now stands at approximately $3.18 trillion, surpassing France's $3.13 trillion. This shift comes as fears over the outcome of France's upcoming parliamentary elections intensify. 
London has reclaimed its position as Europe's largest stock market, overtaking Paris as political uncertainty looms in France. According to Bloomberg, the total market value of stocks listed in the United Kingdom now stands at approximately $3.18 trillion, surpassing France's $3.13 trillion. This shift comes as fears over the outcome of France's upcoming parliamentary elections intensify. -
Retail Sales Growth Slows in May as Consumers Face Inflation and High Interest Rates
Retail sales in the United States increased at a slower-than-expected pace in May, reflecting the ongoing impact of high interest rates and inflation on consumer spending. According to the Commerce Department, retail sales rose by a modest 0.1% last month, falling short of economists' predictions of a 0.3% increase. This follows a revised 0.2% decline in April. 
Retail sales in the United States increased at a slower-than-expected pace in May, reflecting the ongoing impact of high interest rates and inflation on consumer spending. According to the Commerce Department, retail sales rose by a modest 0.1% last month, falling short of economists' predictions of a 0.3% increase. This follows a revised 0.2% decline in April. -
BOJ Chief Ueda Hints at Potential July Rate Hike Amid Economic Recovery
The Bank of Japan (BOJ) may raise interest rates next month, depending on the economic data available at that time, according to Governor Kazuo Ueda. This move underscores the central bank's commitment to gradually increasing borrowing costs from their current near-zero levels. 
The Bank of Japan (BOJ) may raise interest rates next month, depending on the economic data available at that time, according to Governor Kazuo Ueda. This move underscores the central bank's commitment to gradually increasing borrowing costs from their current near-zero levels. -
French Stocks Rebound as Le Pen Signals Willingness to Work with Macron
Marine Le Pen, leader of the far-right National Rally expected to gain a significant foothold in the upcoming French parliamentary elections, announced Monday that she would ensure cooperation with President Emmanuel Macron if her party succeeds. 
Marine Le Pen, leader of the far-right National Rally expected to gain a significant foothold in the upcoming French parliamentary elections, announced Monday that she would ensure cooperation with President Emmanuel Macron if her party succeeds. -
China’s Economic Recovery Stumbles Amid Weak Factory Output and Property Slump
China's recent economic data underscores a challenging recovery for the world's second-largest economy, revealing persistent weaknesses in industrial output and the property sector despite some policy support. 
China's recent economic data underscores a challenging recovery for the world's second-largest economy, revealing persistent weaknesses in industrial output and the property sector despite some policy support. -
Oil Prices Rise Amid Mixed Chinese Economic Data and Summer Demand Hopes
Oil prices climbed on Monday following their best week since April as traders sifted through a mix of economic data from China. U.S. crude oil and global benchmark Brent saw nearly 4% gains last week, fueled by expectations that the market will tighten in the third quarter due to increased summer fuel demand. 
Oil prices climbed on Monday following their best week since April as traders sifted through a mix of economic data from China. U.S. crude oil and global benchmark Brent saw nearly 4% gains last week, fueled by expectations that the market will tighten in the third quarter due to increased summer fuel demand. -
Oil Prices Tumble Amid Sliding Equities and Demand Concerns
Oil prices have retreated, paring back weekly gains, as sliding equity markets in Europe and Asia have compounded growing concerns about global demand. Brent crude futures dipped by 0.4% in London, reducing the week's advance to 3.5%. The outlook for crude oil has darkened following the International Energy Agency's (IEA) revised forecasts, which indicate a slowdown in consumption growth this year and warn of a potential long-term surplus. Oil prices have retreated, paring back weekly gains, as sliding equity markets in Europe and Asia have compounded growing concerns about global demand. Brent crude futures dipped by 0.4% in London, reducing the week's advance to 3.5%. The outlook for crude oil has darkened following the International Energy Agency's (IEA) revised forecasts, which indicate a slowdown in consumption growth this year and warn of a potential long-term surplus.
