Jerry Lin
The Latest
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U.S. Wholesale Prices Surge in April, Complicating Federal Reserve's Rate Cut Plans
Wholesale prices in the United States rose more than expected in April, signaling persistent inflationary pressures and complicating the Federal Reserve's plans for potential interest rate cuts. The producer price index (PPI), which measures the prices producers receive for their goods, increased by 0.5% for the month, surpassing the 0.3% estimate from Dow Jones, according to data released by the Labor Department's Bureau of Labor Statistics on Tuesday. 
Wholesale prices in the United States rose more than expected in April, signaling persistent inflationary pressures and complicating the Federal Reserve's plans for potential interest rate cuts. The producer price index (PPI), which measures the prices producers receive for their goods, increased by 0.5% for the month, surpassing the 0.3% estimate from Dow Jones, according to data released by the Labor Department's Bureau of Labor Statistics on Tuesday. -
Dollar Rises as Traders Anticipate U.S. Inflation Data Amid Market Volatility While Yen and Yuan Face Pressure
The U.S. dollar edged higher on Tuesday as financial markets braced for upcoming U.S. inflation data, with traders keenly watching the Consumer Price Index (CPI) scheduled for release on Wednesday. The yen hovered near a two-week low, raising concerns about potential intervention by Japanese authorities. 
The U.S. dollar edged higher on Tuesday as financial markets braced for upcoming U.S. inflation data, with traders keenly watching the Consumer Price Index (CPI) scheduled for release on Wednesday. The yen hovered near a two-week low, raising concerns about potential intervention by Japanese authorities. -
China to Issue 1 Trillion Yuan in 20-50 Year Bonds, Aiming to Revitalize Key Sectors
China's finance ministry is set to commence the issuance of 1 trillion yuan ($138 billion) in long-awaited, long-term special treasury bonds this week to raise funds for stimulating key sectors of its struggling economy. The ministry confirmed that the bonds, with tenors ranging from 20 to 50 years, will begin issuance on May 17, following reports from four sources with direct knowledge of the plans. 
China's finance ministry is set to commence the issuance of 1 trillion yuan ($138 billion) in long-awaited, long-term special treasury bonds this week to raise funds for stimulating key sectors of its struggling economy. The ministry confirmed that the bonds, with tenors ranging from 20 to 50 years, will begin issuance on May 17, following reports from four sources with direct knowledge of the plans. -
Bitcoin Teeters on the Edge: Analysts Warn of Potential Sell-Off Below $60K
As Bitcoin hovers around the critical $60,000 threshold, market analysts are sounding alarms over potential sharp declines that could trigger widespread selling pressures. This scenario unfolds as the cryptocurrency struggles to sustain its recent gains, with any drop below $60,000 likely to escalate into a panic sell-off, according to prominent crypto trader Alex Kuptsikevich of FxPro. 
As Bitcoin hovers around the critical $60,000 threshold, market analysts are sounding alarms over potential sharp declines that could trigger widespread selling pressures. This scenario unfolds as the cryptocurrency struggles to sustain its recent gains, with any drop below $60,000 likely to escalate into a panic sell-off, according to prominent crypto trader Alex Kuptsikevich of FxPro. -
Oil Prices Stabilize at $83 Amid Global Economic Uncertainties and OPEC Speculations
Oil prices showed little change early this week, stabilizing around $83 for Brent crude as the markets digested a mix of economic signals and awaited key inflation data from the United States. 
Oil prices showed little change early this week, stabilizing around $83 for Brent crude as the markets digested a mix of economic signals and awaited key inflation data from the United States. -
China's Consumer Prices Rise for Third Consecutive Month, Signaling Domestic Demand Recovery
China's consumer prices have risen for the third consecutive month in April, while producer prices continue to decline, indicating an improvement in domestic demand as Beijing navigates the challenges of bolstering a faltering economy. 
China's consumer prices have risen for the third consecutive month in April, while producer prices continue to decline, indicating an improvement in domestic demand as Beijing navigates the challenges of bolstering a faltering economy. -
US Weekly Jobless Claims Reach Highest Level Since August 2023, Signaling Potential Labor Market Slowdown
According to the Labor Department's report released on Thursday, jobless claims totaled a seasonally adjusted 231,000 for the week ending on May 4, up 22,000 from the previous period and surpassing the Dow Jones estimate of 214,000. This marks the highest claims number since Aug. 26, 2023. 
According to the Labor Department's report released on Thursday, jobless claims totaled a seasonally adjusted 231,000 for the week ending on May 4, up 22,000 from the previous period and surpassing the Dow Jones estimate of 214,000. This marks the highest claims number since Aug. 26, 2023. -
Oil Prices Strengthen as US Inventories Fall, China Imports Surge
Oil markets experienced a notable upswing on Thursday, bolstered by significant developments in the United States and China, the world's top two crude consumers. Prices were lifted as U.S. crude inventories showed a larger-than-expected drawdown and Chinese imports increased, signaling a potential uptick in global oil demand. 
Oil markets experienced a notable upswing on Thursday, bolstered by significant developments in the United States and China, the world's top two crude consumers. Prices were lifted as U.S. crude inventories showed a larger-than-expected drawdown and Chinese imports increased, signaling a potential uptick in global oil demand. -
FTX Customers To See Full Repayment of Lost Funds, With Interest
Bankrupt exchange FTX has announced that nearly all of its customers will receive full repayment of their lost funds, plus interest. This unexpected outcome comes nearly 18 months after the scandalous collapse of the exchange. 
Bankrupt exchange FTX has announced that nearly all of its customers will receive full repayment of their lost funds, plus interest. This unexpected outcome comes nearly 18 months after the scandalous collapse of the exchange. -
Bank of England Holds Rates, Signals Potential June Cut Dependent on Upcoming Data
The Bank of England (BOE) has taken a cautious step towards potentially lowering interest rates, as its Monetary Policy Committee (MPC) voted 7-2 to maintain rates at their current level of 5.25%. 
The Bank of England (BOE) has taken a cautious step towards potentially lowering interest rates, as its Monetary Policy Committee (MPC) voted 7-2 to maintain rates at their current level of 5.25%.
