Jerry Lin
The Latest
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U.S. Jobless Claims Dip, But Long-Term Unemployment Reaches Two-Year High
Fewer Americans applied for unemployment benefits last week, but the total number of those collecting jobless benefits has risen to its highest level in more than two years. The Labor Department reported on Thursday that initial claims for unemployment benefits fell by 6,000 to 233,000 for the week ending June 22. 
Fewer Americans applied for unemployment benefits last week, but the total number of those collecting jobless benefits has risen to its highest level in more than two years. The Labor Department reported on Thursday that initial claims for unemployment benefits fell by 6,000 to 233,000 for the week ending June 22. -
Yen Hits Lowest Level Since 1986 Amid Intervention Speculation
The yen has plummeted to its weakest point since 1986, igniting speculation that Japanese authorities might soon step in to support the struggling currency. On Wednesday, the yen sank to 160.39 per dollar, a level not seen since December 1986, driven by a growing interest rate gap between Japan and the United States. 
The yen has plummeted to its weakest point since 1986, igniting speculation that Japanese authorities might soon step in to support the struggling currency. On Wednesday, the yen sank to 160.39 per dollar, a level not seen since December 1986, driven by a growing interest rate gap between Japan and the United States. -
Oil Prices Decline Amid Stronger Dollar and Anticipation of U.S. Inflation Data
Crude oil prices edged lower on Tuesday, influenced by a stronger dollar and the market's focus shifting towards upcoming U.S. inflation data. Despite the dip, escalating geopolitical tensions and expectations of increased summer demand helped limit the losses. 
Crude oil prices edged lower on Tuesday, influenced by a stronger dollar and the market's focus shifting towards upcoming U.S. inflation data. Despite the dip, escalating geopolitical tensions and expectations of increased summer demand helped limit the losses. -
Fed Governor Bowman Signals Readiness for Rate Hikes if Inflation Persists
Federal Reserve Governor Michelle Bowman stated on Tuesday that it is not yet time to consider lowering interest rates, emphasizing that she remains open to raising rates if inflation does not show signs of abating. In her prepared remarks for a speech in London, Bowman underscored the importance of ensuring inflation moves sustainably toward the Fed's 2 percent goal before considering any rate reductions. 
Federal Reserve Governor Michelle Bowman stated on Tuesday that it is not yet time to consider lowering interest rates, emphasizing that she remains open to raising rates if inflation does not show signs of abating. In her prepared remarks for a speech in London, Bowman underscored the importance of ensuring inflation moves sustainably toward the Fed's 2 percent goal before considering any rate reductions. -
Yellen Unveils $100 Million Affordable Housing Initiative Amid Rising Shelter Costs and Inflation Concerns
Treasury Secretary Janet Yellen announced on Monday a new $100 million fund aimed at bolstering affordable housing development. 
Treasury Secretary Janet Yellen announced on Monday a new $100 million fund aimed at bolstering affordable housing development. -
China's Fiscal Revenue Falls Amid Economic Challenges and Weak Demand
China's fiscal revenue saw a 2.8% decline in the first five months of 2024 compared to the previous year, marking an acceleration from the 2.7% drop recorded in the January-April period, according to official data released on Monday. This decline reflects ongoing challenges in China's economic recovery, driven by weak domestic demand. 
China's fiscal revenue saw a 2.8% decline in the first five months of 2024 compared to the previous year, marking an acceleration from the 2.7% drop recorded in the January-April period, according to official data released on Monday. This decline reflects ongoing challenges in China's economic recovery, driven by weak domestic demand. -
Citigroup and Bank of America Predict Gold Prices Could Reach $3,000 Within a Year
Gold prices have shown strong performance this year, increasing nearly 13% year-to-date and currently trading at $2,326.94 per ounce. 
Gold prices have shown strong performance this year, increasing nearly 13% year-to-date and currently trading at $2,326.94 per ounce. -
Bitcoin’s Decline Continues Amid Inflation Concerns and Market Outflows
Bitcoin began the week on a downward trajectory, continuing its descent to $60,000. The leading cryptocurrency fell over 4%, reaching $61,211, according to Coin Metrics. Earlier, it touched $60,666.30, its lowest level in over a month, and has seen an 8% drop over the past week. 
Bitcoin began the week on a downward trajectory, continuing its descent to $60,000. The leading cryptocurrency fell over 4%, reaching $61,211, according to Coin Metrics. Earlier, it touched $60,666.30, its lowest level in over a month, and has seen an 8% drop over the past week. -
Oil Prices Edge Higher Amid Market Swings and Rising Demand Expectations
Oil prices edged higher on Monday, driven by expectations of increased summer demand and ongoing geopolitical tensions, despite the counteracting pressure from a strengthening U.S. dollar. Brent crude futures climbed 22 cents, or 0.3%, to $85.46 a barrel by 10:53 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 19 cents, or 0.2%, to $80.92 a barrel. Both benchmarks recorded approximately 3% gains last week, marking their second consecutive week of increases. Oil prices edged higher on Monday, driven by expectations of increased summer demand and ongoing geopolitical tensions, despite the counteracting pressure from a strengthening U.S. dollar. Brent crude futures climbed 22 cents, or 0.3%, to $85.46 a barrel by 10:53 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 19 cents, or 0.2%, to $80.92 a barrel. Both benchmarks recorded approximately 3% gains last week, marking their second consecutive week of increases. -
Yen Nears 160 Mark, Japan Signals 24-Hour Market Intervention if Needed
The yen continued to weaken against the U.S. dollar on Monday (Local time), approaching the critical 160 level, which is seen as a key point for potential intervention by Japanese authorities. The yen continued to weaken against the U.S. dollar on Monday (Local time), approaching the critical 160 level, which is seen as a key point for potential intervention by Japanese authorities.
