Jerry Lin
The Latest
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Japan Stocks Suffer Steepest Drop Since Pandemic's Onset Amid Global Economic Fears
Japanese stocks plummeted nearly 6% on Friday, marking the Nikkei 225's most significant daily drop since the onset of the pandemic in March 2020. The sharp decline comes as global markets are beset by anxieties over the US economy, coupled with anticipations of further interest rate hikes from the Bank of Japan (BOJ). 
Japanese stocks plummeted nearly 6% on Friday, marking the Nikkei 225's most significant daily drop since the onset of the pandemic in March 2020. The sharp decline comes as global markets are beset by anxieties over the US economy, coupled with anticipations of further interest rate hikes from the Bank of Japan (BOJ). -
Mortgage Rates Hit Lowest Level Since February Amid Fed’s Hint at Potential Rate Cut
Mortgage rates have dropped to their lowest levels since early February, providing a glimmer of hope for prospective homebuyers grappling with high costs. This decline follows signals from the Federal Reserve indicating a potential rate cut in September, which has stirred cautious optimism in the housing market. 
Mortgage rates have dropped to their lowest levels since early February, providing a glimmer of hope for prospective homebuyers grappling with high costs. This decline follows signals from the Federal Reserve indicating a potential rate cut in September, which has stirred cautious optimism in the housing market. -
BoE's First Rate Cut in Four Years Sparks Mixed Reactions, Economic Implications
The Bank of England (BoE) cut interest rates for the first time in four years, reducing the benchmark rate from a 16-year high of 5.25% to 5%. The decision, reached after a narrow 5-4 vote by the BoE's Monetary Policy Committee, reflects growing divisions among policymakers over whether inflationary pressures have sufficiently eased. 
The Bank of England (BoE) cut interest rates for the first time in four years, reducing the benchmark rate from a 16-year high of 5.25% to 5%. The decision, reached after a narrow 5-4 vote by the BoE's Monetary Policy Committee, reflects growing divisions among policymakers over whether inflationary pressures have sufficiently eased. -
Fed Holds Rates Steady Amid Inflation Progress, Hints at Future Cuts
Federal Reserve officials opted to hold short-term interest rates steady on Wednesday, signaling that while inflation is getting closer to the Fed's target, immediate rate cuts are not yet on the horizon. The central bank maintained its benchmark overnight borrowing rate at 5.25% to 5.5%, the highest level in 23 years, a stance it has held for the past year to combat inflation. 
Federal Reserve officials opted to hold short-term interest rates steady on Wednesday, signaling that while inflation is getting closer to the Fed's target, immediate rate cuts are not yet on the horizon. The central bank maintained its benchmark overnight borrowing rate at 5.25% to 5.5%, the highest level in 23 years, a stance it has held for the past year to combat inflation. -
Citigroup Repeatedly Breached Fed Rules for Interbank Loans, Faces Compliance Challenges
Citigroup Inc. is grappling with a new wave of compliance issues after repeatedly breaching the Federal Reserve's Regulation W, which limits transactions between banks and their subsidiaries. 
Citigroup Inc. is grappling with a new wave of compliance issues after repeatedly breaching the Federal Reserve's Regulation W, which limits transactions between banks and their subsidiaries. -
Fed Expected to Cut Rates Soon, Awaiting September Decision
The Federal Reserve is on the cusp of its first interest rate cut since the onset of the pandemic, with the move anticipated as early as September. This decision follows months of data showing cooling inflation and a weakening labor market, conditions that align with the Fed's dual mandate of controlling inflation and maintaining employment. 
The Federal Reserve is on the cusp of its first interest rate cut since the onset of the pandemic, with the move anticipated as early as September. This decision follows months of data showing cooling inflation and a weakening labor market, conditions that align with the Fed's dual mandate of controlling inflation and maintaining employment. -
Bank of Japan Raises Interest Rates Amid Economic Shifts, Plans to Trim Bond Holdings
The Bank of Japan (BOJ) raised its benchmark interest rate to "around 0.25%" from its previous range of 0% to 0.1%, marking the highest interest rates since 2008. This decision accompanies a detailed plan to taper its bond-buying program, aiming to trim the central bank's substantial holdings of Japanese government bonds (JGBs). The BOJ emphasized that despite the rate hike, real interest rates would remain "significantly negative," continuing to support economic activity with accommodative financial conditions. 
The Bank of Japan (BOJ) raised its benchmark interest rate to "around 0.25%" from its previous range of 0% to 0.1%, marking the highest interest rates since 2008. This decision accompanies a detailed plan to taper its bond-buying program, aiming to trim the central bank's substantial holdings of Japanese government bonds (JGBs). The BOJ emphasized that despite the rate hike, real interest rates would remain "significantly negative," continuing to support economic activity with accommodative financial conditions. -
Oil Prices Soar After Israel Kills Top Hamas and Hezbollah Commanders Amid Rising Tensions
Oil prices surged on Wednesday, rebounding from seven-week lows, driven by escalating tensions in the Middle East following the assassination of Hamas leader Ismail Haniyeh in Iran. This geopolitical upheaval overshadowed concerns about weak demand from China. Brent crude futures climbed $1.80, or 2.29%, to $80.43 a barrel, while U.S. West Texas Intermediate crude futures increased by $2, or 2.68%, to $76.73 a barrel. 
Oil prices surged on Wednesday, rebounding from seven-week lows, driven by escalating tensions in the Middle East following the assassination of Hamas leader Ismail Haniyeh in Iran. This geopolitical upheaval overshadowed concerns about weak demand from China. Brent crude futures climbed $1.80, or 2.29%, to $80.43 a barrel, while U.S. West Texas Intermediate crude futures increased by $2, or 2.68%, to $76.73 a barrel. -
Earnings Slump Raises Valuation Concerns for Indian Stock Market
After a series of record highs, the Indian stock market's rally has hit a roadblock as a lackluster earnings season raises questions about its high valuations. 
After a series of record highs, the Indian stock market's rally has hit a roadblock as a lackluster earnings season raises questions about its high valuations. -
Bitcoin Nears $70,000 as Investors React to Trump’s Crypto Support and Upcoming Central Bank Meetings
Bitcoin's value surged close to $70,000 at the start of the final week of July, as traders absorbed a series of political developments and anticipated key central bank meetings. Bitcoin was trading up by 2% at $69,640, while Ether rose 3% to $3,382, according to Coin Metrics. 
Bitcoin's value surged close to $70,000 at the start of the final week of July, as traders absorbed a series of political developments and anticipated key central bank meetings. Bitcoin was trading up by 2% at $69,640, while Ether rose 3% to $3,382, according to Coin Metrics.
