Jerry Lin
The Latest
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U.S. Consumer Prices Steady in May Amid Signs of Cooling Inflation
The consumer price index (CPI) remained unchanged in May, indicating a slight easing of inflationary pressures. According to the Labor Department's Bureau of Labor Statistics, the CPI, a comprehensive measure of the cost of goods and services across the U.S. economy, showed no increase month-over-month but registered a 3.3% rise compared to the previous year. 
The consumer price index (CPI) remained unchanged in May, indicating a slight easing of inflationary pressures. According to the Labor Department's Bureau of Labor Statistics, the CPI, a comprehensive measure of the cost of goods and services across the U.S. economy, showed no increase month-over-month but registered a 3.3% rise compared to the previous year. -
Oil Prices Rise as EIA Boosts Global Demand Forecast and OPEC Maintains Optimistic Outlook
Oil prices settled higher on Tuesday, with Brent crude futures rising 29 cents, or 0.4%, to $81.92 a barrel and U.S. West Texas Intermediate (WTI) crude futures gaining 16 cents, or 0.2%, to settle at $77.90. The gains come as the U.S. Energy Information Administration (EIA) raised its global oil demand growth forecast for the year, while OPEC maintained its forecast for relatively strong growth in 2024. 
Oil prices settled higher on Tuesday, with Brent crude futures rising 29 cents, or 0.4%, to $81.92 a barrel and U.S. West Texas Intermediate (WTI) crude futures gaining 16 cents, or 0.2%, to settle at $77.90. The gains come as the U.S. Energy Information Administration (EIA) raised its global oil demand growth forecast for the year, while OPEC maintained its forecast for relatively strong growth in 2024. -
World Bank Sees Modest Global Growth Amid Lingering Challenges
The World Bank has slightly lifted its global growth outlook for 2024, driven by stronger-than-expected economic performance in the United States. However, the international financial institution warned that overall global output is projected to remain well below pre-pandemic levels through 2026. 
The World Bank has slightly lifted its global growth outlook for 2024, driven by stronger-than-expected economic performance in the United States. However, the international financial institution warned that overall global output is projected to remain well below pre-pandemic levels through 2026. -
OPEC Monthly Report: Oil Demand Remains Robust, Increased Production Unlikely to Disrupt Market
In its latest oil market report, OPEC maintained its previous forecasts for global economic growth and oil demand for 2024 and 2025. 
In its latest oil market report, OPEC maintained its previous forecasts for global economic growth and oil demand for 2024 and 2025. -
Macron's 'All-or-Nothing' Move Shakes Markets: French Stocks Plunge, Euro Hits One-Month Low
The European parliamentary elections have sent shockwaves through French politics as the far-right National Rally party secured over 30% of the vote, significantly outperforming President Emmanuel Macron's Renaissance party, which garnered less than 15%. 
The European parliamentary elections have sent shockwaves through French politics as the far-right National Rally party secured over 30% of the vote, significantly outperforming President Emmanuel Macron's Renaissance party, which garnered less than 15%. -
Binance Reaches 200 Million Users, BNB Hits Record High, Making Zhao Changpeng the 'Richest Prisoner in U.S. History'
Binance co-founder Zhao Changpeng, serving his first month in prison, has become the wealthiest inmate in U.S. federal prison history as Binance Coin (BNB) reached an all-time high. Concurrently, Binance's user base has hit a milestone of 200 million. 
Binance co-founder Zhao Changpeng, serving his first month in prison, has become the wealthiest inmate in U.S. federal prison history as Binance Coin (BNB) reached an all-time high. Concurrently, Binance's user base has hit a milestone of 200 million. -
Euro Tumbles as Macron Calls Snap Election Following Far-Right Gains
The euro experienced a significant decline and stock and bond futures slipped on Monday, following French President Emmanuel Macron's surprise announcement of a snap election. This decision came after a significant defeat in the European Union elections at the hands of the far-right National Rally party, led by Marine Le Pen. 
The euro experienced a significant decline and stock and bond futures slipped on Monday, following French President Emmanuel Macron's surprise announcement of a snap election. This decision came after a significant defeat in the European Union elections at the hands of the far-right National Rally party, led by Marine Le Pen. -
Gold Dips Over 2% as Strong U.S. Job Data and China's Pause in Purchases Create Turbulence
Gold prices took a significant hit on Friday, falling over 2% as stronger-than-expected U.S. job growth dimmed prospects for interest rate cuts this year. This decline was further exacerbated by news that China, a major gold consumer, paused its bullion purchases in May. The dual impact of these developments led to a bearish sentiment in the gold market, affecting prices and investor confidence. 
Gold prices took a significant hit on Friday, falling over 2% as stronger-than-expected U.S. job growth dimmed prospects for interest rate cuts this year. This decline was further exacerbated by news that China, a major gold consumer, paused its bullion purchases in May. The dual impact of these developments led to a bearish sentiment in the gold market, affecting prices and investor confidence. -
U.S. Job Growth Surges in May Despite Unexpected Rise in Unemployment
The U.S. job market showed surprising strength in May, adding 272,000 jobs and outpacing economists' expectations, even as the unemployment rate rose to 4%, its highest level in over two years. This increase in job creation, reported by the Labor Department on Friday, surpassed the forecasted 185,000 jobs, highlighting a resilient labor market despite ongoing economic uncertainties. 
The U.S. job market showed surprising strength in May, adding 272,000 jobs and outpacing economists' expectations, even as the unemployment rate rose to 4%, its highest level in over two years. This increase in job creation, reported by the Labor Department on Friday, surpassed the forecasted 185,000 jobs, highlighting a resilient labor market despite ongoing economic uncertainties. -
OPEC+ Defends Oil Policy Amid Price Surge as Market Remains Skeptical
Oil prices surged for the second consecutive day on Thursday, with WTI crude rising above $75 per barrel, rebounding sharply from a four-month low earlier this week. 
Oil prices surged for the second consecutive day on Thursday, with WTI crude rising above $75 per barrel, rebounding sharply from a four-month low earlier this week.
