Jerry Lin
The Latest
-
MicroStrategy Crosses 500,000 Bitcoin Mark After $584 Million Purchase
MicroStrategy, now rebranded as Strategy, disclosed on Monday that it has acquired an additional 6,911 Bitcoin between March 17 and March 23, spending approximately $584.1 million in cash. The purchase brings the company's total Bitcoin holdings to 506,137 coins, cementing its status as the largest corporate holder of Bitcoin globally. MicroStrategy, now rebranded as Strategy, disclosed on Monday that it has acquired an additional 6,911 Bitcoin between March 17 and March 23, spending approximately $584.1 million in cash. The purchase brings the company's total Bitcoin holdings to 506,137 coins, cementing its status as the largest corporate holder of Bitcoin globally. -
Bank of England Holds Interest Rates at 4.5%, Warns of Intensifying Global Trade Risks
The Bank of England on Thursday held its benchmark interest rate steady at 4.5%, citing escalating global trade tensions and lingering domestic economic uncertainty as key reasons for the pause. The Bank of England on Thursday held its benchmark interest rate steady at 4.5%, citing escalating global trade tensions and lingering domestic economic uncertainty as key reasons for the pause. -
Gold Prices Hold Near All-Time Highs After Fed Signals Possible Rate Cuts
Gold prices steadied near record highs on Thursday, buoyed by mounting expectations of Federal Reserve interest rate cuts later this year and persistent geopolitical tensions that have stoked safe-haven demand. Gold prices steadied near record highs on Thursday, buoyed by mounting expectations of Federal Reserve interest rate cuts later this year and persistent geopolitical tensions that have stoked safe-haven demand. -
China Follows Fed in Holding Rates Steady, Eyes U.S. Trade Moves and Yuan Stability
China's central bank left its key lending rates unchanged for a fifth consecutive month on Thursday, as policymakers seek to stabilize the yuan and monitor external risks, particularly renewed trade tensions with the United States. The People's Bank of China (PBOC) maintained the one-year loan prime rate (LPR) at 3.1% and the five-year LPR at 3.6%, in line with market expectations. China's central bank left its key lending rates unchanged for a fifth consecutive month on Thursday, as policymakers seek to stabilize the yuan and monitor external risks, particularly renewed trade tensions with the United States. The People's Bank of China (PBOC) maintained the one-year loan prime rate (LPR) at 3.1% and the five-year LPR at 3.6%, in line with market expectations. -
Federal Reserve Holds Interest Rates Steady, Signals Two Cuts Amid Slowing Growth and Rising Inflation
The Federal Reserve on Wednesday held its benchmark interest rates steady, keeping the target range at 4.25% to 4.5%, while signaling two rate cuts could still be expected later this year despite growing economic uncertainty. The move reflects a cautious approach as the central bank downgraded its outlook for U.S. economic growth and raised its inflation projections amid heightened volatility in trade and fiscal policies. The Federal Reserve on Wednesday held its benchmark interest rates steady, keeping the target range at 4.25% to 4.5%, while signaling two rate cuts could still be expected later this year despite growing economic uncertainty. The move reflects a cautious approach as the central bank downgraded its outlook for U.S. economic growth and raised its inflation projections amid heightened volatility in trade and fiscal policies. -
Bank of Japan Holds Rates Steady Amid Trump Tariff Uncertainty, Eyes Possible Summer Hike
The Bank of Japan held its key interest rate at 0.5% on Wednesday, signaling a cautious approach amid rising uncertainty over U.S. President Donald Trump's tariff policies and potential risks to Japan's export-driven economy. The Bank of Japan held its key interest rate at 0.5% on Wednesday, signaling a cautious approach amid rising uncertainty over U.S. President Donald Trump's tariff policies and potential risks to Japan's export-driven economy. -
Gold Tops $3,000 as Middle East Tensions and Trump Tariffs Spur Demand
Gold prices surged past the $3,000 mark on Tuesday, setting a new all-time high as investors sought refuge in the precious metal amid escalating geopolitical tensions and looming U.S. tariffs. Spot gold reached a peak of $3,028.24 early in the session, before settling at $3,034.17 an ounce, up 1.1%. U.S. gold futures gained 1.2% to $3,043. Gold prices surged past the $3,000 mark on Tuesday, setting a new all-time high as investors sought refuge in the precious metal amid escalating geopolitical tensions and looming U.S. tariffs. Spot gold reached a peak of $3,028.24 early in the session, before settling at $3,034.17 an ounce, up 1.1%. U.S. gold futures gained 1.2% to $3,043. -
U.S. Retail Sales Rise 0.2% in February, Below Expectations as Growth Outlook Dims
Retail sales in the United States rose modestly in February, falling short of Wall Street expectations and reinforcing concerns that consumer spending may be slowing as economic uncertainty persists. The Commerce Department reported Monday that headline retail sales increased 0.2% for the month, below the 0.6% gain economists surveyed by Dow Jones had anticipated. Retail sales in the United States rose modestly in February, falling short of Wall Street expectations and reinforcing concerns that consumer spending may be slowing as economic uncertainty persists. The Commerce Department reported Monday that headline retail sales increased 0.2% for the month, below the 0.6% gain economists surveyed by Dow Jones had anticipated. -
Gold Prices Edge Toward $3,000 as Fed Meeting, Trade War Fears Drive Investor Demand
Gold prices climbed higher on Monday, continuing their rally after briefly breaching the $3,000 mark last week for the first time. Investor focus remains fixed on the upcoming U.S. Federal Reserve meeting and escalating global trade tensions that have fueled safe-haven demand. Gold prices climbed higher on Monday, continuing their rally after briefly breaching the $3,000 mark last week for the first time. Investor focus remains fixed on the upcoming U.S. Federal Reserve meeting and escalating global trade tensions that have fueled safe-haven demand. -
Oil Prices Rise as U.S. Intensifies Strikes on Houthis, China Data Boosts Demand Outlook
Oil prices advanced on Monday, supported by escalating geopolitical tensions in the Middle East and renewed optimism surrounding China's economic recovery. West Texas Intermediate (WTI) crude for May delivery rose 68 cents, or 1%, to settle at $67.59 a barrel on the New York Mercantile Exchange. May Brent crude, the international benchmark, climbed 72 cents, or 1%, to $71.30 a barrel on ICE Futures Europe. Oil prices advanced on Monday, supported by escalating geopolitical tensions in the Middle East and renewed optimism surrounding China's economic recovery. West Texas Intermediate (WTI) crude for May delivery rose 68 cents, or 1%, to settle at $67.59 a barrel on the New York Mercantile Exchange. May Brent crude, the international benchmark, climbed 72 cents, or 1%, to $71.30 a barrel on ICE Futures Europe.