Jerry Lin
The Latest
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U.S. Consumer Confidence Drops Sharply Amid Job Concerns and Economic Uncertainty
Consumer confidence in the U.S. took a significant hit in September, as Americans expressed growing concern over the labor market and economic conditions. The Conference Board reported on Tuesday that its consumer confidence index fell to 98.7, down from 105.6 in August. This marks the largest month-to-month decline since August 2021, reflecting increasing uncertainty among households about the future. 
Consumer confidence in the U.S. took a significant hit in September, as Americans expressed growing concern over the labor market and economic conditions. The Conference Board reported on Tuesday that its consumer confidence index fell to 98.7, down from 105.6 in August. This marks the largest month-to-month decline since August 2021, reflecting increasing uncertainty among households about the future. -
DOJ Set to File Antitrust Lawsuit Against Visa Alleging Debit Card Monopoly
The U.S. Department of Justice (DOJ) is preparing to file a lawsuit against Visa, the world's largest payment network operator, accusing the company of monopolistic practices in the U.S. debit card market. The lawsuit, which could be filed as early as this week, claims that Visa has engaged in anti-competitive behaviors that have stifled competition and maintained its dominant position in the multibillion-dollar debit card industry. 
The U.S. Department of Justice (DOJ) is preparing to file a lawsuit against Visa, the world's largest payment network operator, accusing the company of monopolistic practices in the U.S. debit card market. The lawsuit, which could be filed as early as this week, claims that Visa has engaged in anti-competitive behaviors that have stifled competition and maintained its dominant position in the multibillion-dollar debit card industry. -
Gold Reaches New Record High Amid Fed Rate Cuts and Geopolitical Tensions
Gold surged to an all-time high of $2,631.40 per ounce, propelled by the U.S. Federal Reserve's recent interest rate cuts and escalating global geopolitical tensions. Investors, looking for safe-haven assets, have turned to gold as traditional interest-bearing assets such as short-term government bonds become less attractive in a low-interest-rate environment. 
Gold surged to an all-time high of $2,631.40 per ounce, propelled by the U.S. Federal Reserve's recent interest rate cuts and escalating global geopolitical tensions. Investors, looking for safe-haven assets, have turned to gold as traditional interest-bearing assets such as short-term government bonds become less attractive in a low-interest-rate environment. -
Harris Courts Crypto and AI Investors in $27 Million Fundraiser, Pitting Herself Against Trump
Vice President Kamala Harris took a definitive step into the world of cryptocurrency and artificial intelligence (AI) during a high-profile fundraiser on Wall Street, signaling her openness to new technologies as part of her broader economic vision. 
Vice President Kamala Harris took a definitive step into the world of cryptocurrency and artificial intelligence (AI) during a high-profile fundraiser on Wall Street, signaling her openness to new technologies as part of her broader economic vision. -
Oil Prices Edge Higher Amid Fed Rate Cuts and Middle East Tensions
Oil prices showed modest gains on Monday as the market responded to a mix of positive and negative global drivers. U.S. crude futures rose by 0.30%, reaching $71.21 per barrel, while Brent crude, the international benchmark, increased by 0.21% to $74.65 per barrel. 
Oil prices showed modest gains on Monday as the market responded to a mix of positive and negative global drivers. U.S. crude futures rose by 0.30%, reaching $71.21 per barrel, while Brent crude, the international benchmark, increased by 0.21% to $74.65 per barrel. -
Oil Prices Surge 2% After Fed Rate Cut as Middle East Tensions Escalate
Oil prices rose sharply on Thursday, climbing nearly 2%, as the Federal Reserve's unexpected rate cut and escalating tensions in the Middle East fueled market gains. The U.S. central bank's decision to cut interest rates by half a percentage point-the largest cut in over four years-helped global benchmark Brent crude recover from its recent lows. Brent futures rose to $74.79 a barrel, up $1.17, while U.S. crude jumped 1.7%, trading at $72.08 a barrel by mid-afternoon. Oil prices rose sharply on Thursday, climbing nearly 2%, as the Federal Reserve's unexpected rate cut and escalating tensions in the Middle East fueled market gains. The U.S. central bank's decision to cut interest rates by half a percentage point-the largest cut in over four years-helped global benchmark Brent crude recover from its recent lows. Brent futures rose to $74.79 a barrel, up $1.17, while U.S. crude jumped 1.7%, trading at $72.08 a barrel by mid-afternoon. -
U.S. Home Sales Decline in August Despite Easing Mortgage Rates and Rising Supply
U.S. home sales in August continued their downward trend, marking the slowest annual pace in nearly a year, despite some improvement in mortgage rates and increased availability of homes on the market. 
U.S. home sales in August continued their downward trend, marking the slowest annual pace in nearly a year, despite some improvement in mortgage rates and increased availability of homes on the market. -
Bank of England Holds Rates at 5%, Signals Cautious Path Amid Global Easing Trends
The Bank of England has held interest rates at 5% following its September meeting, maintaining a cautious stance despite global trends towards lower rates. The Monetary Policy Committee (MPC) voted 8-1 in favor of keeping the rate unchanged, with only Swati Dhingra pushing for a quarter-point cut. This decision aligns with expectations from many analysts who anticipated that it would be premature for the central bank to implement another cut so soon after its first reduction in four years last month. 
The Bank of England has held interest rates at 5% following its September meeting, maintaining a cautious stance despite global trends towards lower rates. The Monetary Policy Committee (MPC) voted 8-1 in favor of keeping the rate unchanged, with only Swati Dhingra pushing for a quarter-point cut. This decision aligns with expectations from many analysts who anticipated that it would be premature for the central bank to implement another cut so soon after its first reduction in four years last month. -
Fed Cuts Interest Rates by Half Point Amid Growing Concerns About Job Market Slowdown
The Federal Reserve has initiated a significant move by cutting interest rates for the first time since the early days of the COVID-19 pandemic. On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. 
The Federal Reserve has initiated a significant move by cutting interest rates for the first time since the early days of the COVID-19 pandemic. On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. -
Oil Prices Slide as Rising U.S. Stockpiles Offset Middle East Tensions
Oil prices dipped slightly on Wednesday as signs of rising U.S. stockpiles countered concerns about escalating tensions in the Middle East. Benchmark crude prices, including Brent and West Texas Intermediate (WTI), pared earlier losses after a two-day gain driven by worries that a regional conflict could disrupt global supplies. Oil prices dipped slightly on Wednesday as signs of rising U.S. stockpiles countered concerns about escalating tensions in the Middle East. Benchmark crude prices, including Brent and West Texas Intermediate (WTI), pared earlier losses after a two-day gain driven by worries that a regional conflict could disrupt global supplies.
