Jerry Lin
The Latest
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SEC Targets Robinhood After Other Crypto Platforms, Bitcoin Price Tumbles
The U.S. Securities and Exchange Commission (SEC) has once again set its sights on a cryptocurrency trading platform, this time targeting the American brokerage and cryptocurrency platform, Robinhood. 
The U.S. Securities and Exchange Commission (SEC) has once again set its sights on a cryptocurrency trading platform, this time targeting the American brokerage and cryptocurrency platform, Robinhood. -
Natural Gas Set for Major Growth Amid AI-Driven Energy Demand
As artificial intelligence continues to spike electricity usage, Wall Street predicts a significant increase in natural gas demand over the next decade due to the limitations of renewable energy alone in meeting societal power needs. 
As artificial intelligence continues to spike electricity usage, Wall Street predicts a significant increase in natural gas demand over the next decade due to the limitations of renewable energy alone in meeting societal power needs. -
Oil Prices Rise Amid Increased Middle East Tensions and Saudi Price Hikes
Oil prices witnessed a noticeable uptick on Monday, influenced by geopolitical developments and strategic pricing decisions by Saudi Arabia. Brent crude futures rose by 43 cents, or 0.5%, reaching $83.39 a barrel, while U.S. West Texas Intermediate (WTI) crude futures climbed 51 cents, or 0.7%, to $78.62 a barrel. 
Oil prices witnessed a noticeable uptick on Monday, influenced by geopolitical developments and strategic pricing decisions by Saudi Arabia. Brent crude futures rose by 43 cents, or 0.5%, reaching $83.39 a barrel, while U.S. West Texas Intermediate (WTI) crude futures climbed 51 cents, or 0.7%, to $78.62 a barrel. -
Asia-Pacific Stocks Surge as Investors Bet on Federal Reserve Rate Cuts
Global markets rallied on Monday, driven by a combination of factors including softer-than-expected U.S. jobs data and speculation of potential rate cuts by the Federal Reserve. In Asia-Pacific, stocks surged as investors reacted positively to the news, with hopes of monetary policy easing. 
Global markets rallied on Monday, driven by a combination of factors including softer-than-expected U.S. jobs data and speculation of potential rate cuts by the Federal Reserve. In Asia-Pacific, stocks surged as investors reacted positively to the news, with hopes of monetary policy easing. -
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.
