Jerry Lin
The Latest
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NYSE Resolves Major Technical Issue, Trading Halts Lifted for Affected Stocks
A technical glitch at the New York Stock Exchange (NYSE) on Monday caused Warren Buffett's Berkshire Hathaway A-class shares to be displayed as plummeting nearly 100%, triggering a halt in trading. The issue, which also affected stocks like Barrick Gold and NuScale Power, was swiftly addressed, but it raised concerns about the reliability of Wall Street's trading infrastructure. 
A technical glitch at the New York Stock Exchange (NYSE) on Monday caused Warren Buffett's Berkshire Hathaway A-class shares to be displayed as plummeting nearly 100%, triggering a halt in trading. The issue, which also affected stocks like Barrick Gold and NuScale Power, was swiftly addressed, but it raised concerns about the reliability of Wall Street's trading infrastructure. -
Bank of America Warns of Potential Japanese Debt Crisis
Bank of America is warning that Japan is facing the risk of a financial collapse. 
Bank of America is warning that Japan is facing the risk of a financial collapse. -
Indian Stock Market Soars on Projections of Modi's Resounding Election Victory
Indian stock markets soared to record highs on Monday, propelled by exit polls predicting a substantial victory for incumbent Prime Minister Narendra Modi in the national elections. The benchmark Sensex index and the broader Nifty 50 index both closed at all-time highs, each gaining over 3%. 
Indian stock markets soared to record highs on Monday, propelled by exit polls predicting a substantial victory for incumbent Prime Minister Narendra Modi in the national elections. The benchmark Sensex index and the broader Nifty 50 index both closed at all-time highs, each gaining over 3%. -
Oil Prices Remain Steady as OPEC+ Announces Plan to Phase Out Production Cuts
Oil prices held steady after OPEC+ unveiled a plan to gradually restore production starting in October, despite ongoing concerns about global demand and substantial supply from non-OPEC+ producers. 
Oil prices held steady after OPEC+ unveiled a plan to gradually restore production starting in October, despite ongoing concerns about global demand and substantial supply from non-OPEC+ producers. -
Biden Vetoes Congressional Attempt to Overturn SEC Crypto Guidance
President Joe Biden on Friday vetoed a congressional resolution aimed at overturning the U.S. Securities and Exchange Commission's (SEC) controversial accounting bulletin on crypto assets. The veto marks a significant stance by the Biden administration in the ongoing debate over the regulation of digital assets. 
President Joe Biden on Friday vetoed a congressional resolution aimed at overturning the U.S. Securities and Exchange Commission's (SEC) controversial accounting bulletin on crypto assets. The veto marks a significant stance by the Biden administration in the ongoing debate over the regulation of digital assets. -
Euro Zone Inflation Rises, Keeping ECB on Edge Ahead of Interest Rate Decision
Inflation in the euro zone inched higher in May, complicating the European Central Bank's (ECB) path towards potential interest rate cuts. Data released on Friday showed consumer prices in the 20 countries sharing the euro rose by 2.6% year-on-year, surpassing the ECB's 2% target and the 2.5% increase anticipated by economists. 
Inflation in the euro zone inched higher in May, complicating the European Central Bank's (ECB) path towards potential interest rate cuts. Data released on Friday showed consumer prices in the 20 countries sharing the euro rose by 2.6% year-on-year, surpassing the ECB's 2% target and the 2.5% increase anticipated by economists. -
Fed's Preferred Inflation Gauge Shows Slight Cooling, but Price Pressures Persist
Inflation in the United States moderated slightly in April, with the Federal Reserve's preferred measure indicating that price pressures remain persistent, despite a modest deceleration. The Commerce Department reported on Friday that the personal consumption expenditures (PCE) price index, excluding food and energy costs, rose by 0.2% for the month, aligning with market expectations. 
Inflation in the United States moderated slightly in April, with the Federal Reserve's preferred measure indicating that price pressures remain persistent, despite a modest deceleration. The Commerce Department reported on Friday that the personal consumption expenditures (PCE) price index, excluding food and energy costs, rose by 0.2% for the month, aligning with market expectations. -
Oil Prices Gain as PCE Data Supports Demand Outlook Ahead of Key OPEC+ Meeting
Oil prices are showing resilience, rebounding on Friday and erasing weekly losses following the release of soft Personal Consumption Expenditures (PCE) data and anticipation of the upcoming OPEC+ meeting. The market is keenly focused on the potential extension of current production cuts into 2025, aimed at maintaining oil prices near $80 per barrel. 
Oil prices are showing resilience, rebounding on Friday and erasing weekly losses following the release of soft Personal Consumption Expenditures (PCE) data and anticipation of the upcoming OPEC+ meeting. The market is keenly focused on the potential extension of current production cuts into 2025, aimed at maintaining oil prices near $80 per barrel. -
Mortgage Rates Top 7% Again Amid Federal Reserve's Inflation Concerns
Mortgage rates have once again surged past 7%, hitting an average of 7.03% for a 30-year fixed mortgage this week, up from 6.94% the previous week, according to Freddie Mac. This marks a return to higher rates that have predominantly hovered above 7% since mid-April, after a brief period of decline. 
Mortgage rates have once again surged past 7%, hitting an average of 7.03% for a 30-year fixed mortgage this week, up from 6.94% the previous week, according to Freddie Mac. This marks a return to higher rates that have predominantly hovered above 7% since mid-April, after a brief period of decline. -
U.S. Economic Growth Revised Downward for Q1 as Jobless Claims Inch Up
The U.S. economy grew at a slower pace than initially estimated in the first quarter, with the Commerce Department revising the annualized growth rate to 1.3%, down from the previously reported 1.6%. This revision reflects a deceleration from the 3.4% growth seen in the final quarter of 2023, highlighting a softer start to the year amid persistent economic uncertainties. 
The U.S. economy grew at a slower pace than initially estimated in the first quarter, with the Commerce Department revising the annualized growth rate to 1.3%, down from the previously reported 1.6%. This revision reflects a deceleration from the 3.4% growth seen in the final quarter of 2023, highlighting a softer start to the year amid persistent economic uncertainties.
