Jerry Lin
The Latest
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U.S. Job Market Shows Signs of Cooling with Slower Hiring and Wage Growth in April
The U.S. labor market exhibited a notable cooldown in April, with both hiring and wage growth decelerating unexpectedly. According to the latest data from the Bureau of Labor Statistics, the economy added only 175,000 new jobs last month, significantly below the anticipated 240,000. Furthermore, the unemployment rate rose to 3.9%, a jump from the previously stable rate of 3.8%. 
The U.S. labor market exhibited a notable cooldown in April, with both hiring and wage growth decelerating unexpectedly. According to the latest data from the Bureau of Labor Statistics, the economy added only 175,000 new jobs last month, significantly below the anticipated 240,000. Furthermore, the unemployment rate rose to 3.9%, a jump from the previously stable rate of 3.8%. -
Yen Rallies Amid Suspected Japanese Intervention; U.S. Dollar Dips Ahead of Key Jobs Report
The Japanese yen experienced a significant rally that market analysts and traders widely attributed to suspected intervention by Japanese authorities. This development occurred during a period of low market activity, just after the U.S. Federal Reserve concluded its policy meeting, where Fed Chair Jerome Powell hinted at delayed interest rate cuts due to persistently high inflation. 
The Japanese yen experienced a significant rally that market analysts and traders widely attributed to suspected intervention by Japanese authorities. This development occurred during a period of low market activity, just after the U.S. Federal Reserve concluded its policy meeting, where Fed Chair Jerome Powell hinted at delayed interest rate cuts due to persistently high inflation. -
FTC Accuses Former Pioneer CEO Scott Sheffield of Colluding with OPEC to Inflate Oil Prices
The Federal Trade Commission (FTC) has accused Scott Sheffield, the founder and former CEO of Pioneer Natural Resources, of attempting to collude with OPEC and its allies to inflate oil prices, according to a complaint filed on Thursday. 
The Federal Trade Commission (FTC) has accused Scott Sheffield, the founder and former CEO of Pioneer Natural Resources, of attempting to collude with OPEC and its allies to inflate oil prices, according to a complaint filed on Thursday. -
Bitcoin's April Slump Raises Alarm, Investors Watch for Shifts in Global Risk Appetite
Bitcoin's recent slump has triggered warnings of potential "trouble ahead" for global markets, as investors closely monitor the digital token's pronounced swings for clues about broader changes in risk appetite. The cryptocurrency has shed around 4% in the past two days, following a near 16% plunge in April, marking its worst monthly drop since the collapse of Sam Bankman-Fried's FTX digital-asset empire in November 2022. 
Bitcoin's recent slump has triggered warnings of potential "trouble ahead" for global markets, as investors closely monitor the digital token's pronounced swings for clues about broader changes in risk appetite. The cryptocurrency has shed around 4% in the past two days, following a near 16% plunge in April, marking its worst monthly drop since the collapse of Sam Bankman-Fried's FTX digital-asset empire in November 2022. -
Fed Holds Rates Steady, Signals Lack of Progress on Inflation Target
The Federal Reserve decided to hold interest rates steady on Wednesday, maintaining the target range between 5.25% and 5.5% for the sixth consecutive time since July 2022. The unanimous decision by the Federal Open Market Committee (FOMC) comes amid concerns over the lack of further progress in bringing inflation down to the central bank's 2% target. 
The Federal Reserve decided to hold interest rates steady on Wednesday, maintaining the target range between 5.25% and 5.5% for the sixth consecutive time since July 2022. The unanimous decision by the Federal Open Market Committee (FOMC) comes amid concerns over the lack of further progress in bringing inflation down to the central bank's 2% target. -
'Bitcoin Jesus' Roger Ver Faces $48 Million Tax Fraud Charges as DOJ Seeks Extradition
The U.S. Department of Justice has formally charged Roger Ver, an early Bitcoin investor famously dubbed 'Bitcoin Jesus,' with evading $48 million in taxes. This development follows Ver's arrest in Spain, with the United States now seeking his extradition to face multiple criminal charges, including tax evasion, mail fraud, and filing false tax returns. 
The U.S. Department of Justice has formally charged Roger Ver, an early Bitcoin investor famously dubbed 'Bitcoin Jesus,' with evading $48 million in taxes. This development follows Ver's arrest in Spain, with the United States now seeking his extradition to face multiple criminal charges, including tax evasion, mail fraud, and filing false tax returns. -
China to Export Record Copper Volume Amid Near-Record LME Prices: Report
China's copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, according to three industry sources. 
China's copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, according to three industry sources. -
Bitcoin and Ethereum Plummet Ahead of Critical Fed Meeting on Interest Rates
Bitcoin plummeted to just around $57,000, while Ethereum dropped below the $3,000 mark, showcasing a broader downturn across the crypto sector. 
Bitcoin plummeted to just around $57,000, while Ethereum dropped below the $3,000 mark, showcasing a broader downturn across the crypto sector. -
Bitcoin Plummets Below $60,000 Amid Weak Macro Conditions and Disappointing Hong Kong ETF Launch
The price of Bitcoin took a sharp dive on Tuesday afternoon, plunging to nearly $60,000 per coin and triggering a wave of liquidations for traders betting on the asset's price to rise. According to data from CoinGlass, over $261 million in long positions for all cryptocurrencies have been liquidated in the past 24 hours, with total liquidations, including short positions, exceeding $324 million. 
The price of Bitcoin took a sharp dive on Tuesday afternoon, plunging to nearly $60,000 per coin and triggering a wave of liquidations for traders betting on the asset's price to rise. According to data from CoinGlass, over $261 million in long positions for all cryptocurrencies have been liquidated in the past 24 hours, with total liquidations, including short positions, exceeding $324 million. -
Fed Likely to Signal Prolonged Higher Interest Rates Amid Stubborn Inflation
The Federal Reserve is set to keep interest rates unchanged at its upcoming meeting, despite hopes for rate cuts earlier this year. As the central bank convenes for a two-day meeting starting Tuesday, it faces the challenge of balancing stubborn inflation with a slowing economy and a strong labor market. 
The Federal Reserve is set to keep interest rates unchanged at its upcoming meeting, despite hopes for rate cuts earlier this year. As the central bank convenes for a two-day meeting starting Tuesday, it faces the challenge of balancing stubborn inflation with a slowing economy and a strong labor market.
