Jerry Lin
The Latest
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Eurozone Inflation Dips to 2.6% Amid Core Price Stickiness
Inflation in the Eurozone showed signs of easing in February, descending to 2.6%, yet the persistence of core prices above expectations underscores the ongoing challenge facing the European Central Bank (ECB). Despite a general anticipation of a headline reading at 2.5%, both the headline and core inflation figures surpassed economists' forecasts, according to flash data released on Friday. Inflation in the Eurozone showed signs of easing in February, descending to 2.6%, yet the persistence of core prices above expectations underscores the ongoing challenge facing the European Central Bank (ECB). Despite a general anticipation of a headline reading at 2.5%, both the headline and core inflation figures surpassed economists' forecasts, according to flash data released on Friday. -
January Inflation Data Aligns with Expectations, Yet Fed Rate Cut Timing Remains Uncertain
data for January unveiled a nuanced picture of the U.S. economic landscape, aligning with expectations yet signaling a complex path ahead for monetary policy adjustments. data for January unveiled a nuanced picture of the U.S. economic landscape, aligning with expectations yet signaling a complex path ahead for monetary policy adjustments. -
India's GDP Growth Hits 8.4% in Final Quarter of 2023"
India's economy concluded the year 2023 with a notable acceleration, as its Gross Domestic Product (GDP) experienced an 8.4% growth in the last quarter, surpassing the previous period's 7.6% increase, as reported by the nation's statistical office. India's economy concluded the year 2023 with a notable acceleration, as its Gross Domestic Product (GDP) experienced an 8.4% growth in the last quarter, surpassing the previous period's 7.6% increase, as reported by the nation's statistical office. -
Bitcoin Hits $62,000 in February Surge, Fueled by ETF Inflows and Halving Speculation
The cryptocurrency market, led by Bitcoin and Ether, has witnessed significant gains in February, marking a triumphant month for digital assets. Bitcoin, the pioneering cryptocurrency, saw its value surge by over 4% to reach $62,901.93 on the last day of the month, according to Coin Metrics data. The cryptocurrency market, led by Bitcoin and Ether, has witnessed significant gains in February, marking a triumphant month for digital assets. Bitcoin, the pioneering cryptocurrency, saw its value surge by over 4% to reach $62,901.93 on the last day of the month, according to Coin Metrics data. -
Coinbase Glitch Shocks Users with $0 Balances Amid Bitcoin's Surge
Coinbase, a leading cryptocurrency exchange platform, experienced technical glitches on Wednesday that left many users staring at a $0 balance in their accounts, causing widespread alarm and confusion among its customer base. Coinbase, a leading cryptocurrency exchange platform, experienced technical glitches on Wednesday that left many users staring at a $0 balance in their accounts, causing widespread alarm and confusion among its customer base. -
U.S. Housing Market Struggles Continue with Mortgage Applications Falling Amid 7% Rates
This downturn is mirrored by a concerning trend that sees home-buying demand nearing its lowest point since 1995, as mortgage rates remain steadfastly above the 7% mark. This downturn is mirrored by a concerning trend that sees home-buying demand nearing its lowest point since 1995, as mortgage rates remain steadfastly above the 7% mark. -
Bitcoin Soars Above $60,000, Eyeing Record High Amid ETF Buzz and Halving Anticipation
Bitcoin's recent surge above the $60,000 mark has reignited investor enthusiasm, reminiscent of the cryptocurrency's peak momentum back in 2021. The digital currency soared to $60,688.00, as per Coin Metrics, coming tantalizingly close to its all-time high of $68,982.20. Bitcoin's recent surge above the $60,000 mark has reignited investor enthusiasm, reminiscent of the cryptocurrency's peak momentum back in 2021. The digital currency soared to $60,688.00, as per Coin Metrics, coming tantalizingly close to its all-time high of $68,982.20. -
Coinbase Enhances User Safety with Asset Recovery Tool Expansion to BNB Smart Chain and Polygon
Coinbase, a leading cryptocurrency exchange, has announced a significant expansion of its innovative asset recovery tool, extending its capabilities to include the BNB Smart Chain and Polygon networks. Coinbase, a leading cryptocurrency exchange, has announced a significant expansion of its innovative asset recovery tool, extending its capabilities to include the BNB Smart Chain and Polygon networks. -
Bitcoin's Leap Over $57,000 Driven by MicroStrategy's $155 Million Purchase and Upcoming Halving Event
Bitcoin has surged past the $57,000 mark, achieving a two-year peak, as significant investors continue to pour into the cryptocurrency space. This surge is part of a broader rally in the crypto market, with Ether also reaching heights not seen since 2022, surpassing $3,200. Bitcoin has surged past the $57,000 mark, achieving a two-year peak, as significant investors continue to pour into the cryptocurrency space. This surge is part of a broader rally in the crypto market, with Ether also reaching heights not seen since 2022, surpassing $3,200. -
Chinese Banks See Record $50.9B in FX Swaps as Firms Hedge Against Yuan
Chinese banks set a record in January, purchasing $50.9 billion in dollars from clients via foreign exchange swaps. This surge, according to official data released Monday, suggests that Chinese exporters are increasingly favoring the dollar as the yield disparity between U.S. and Chinese interest rates widens. Chinese banks set a record in January, purchasing $50.9 billion in dollars from clients via foreign exchange swaps. This surge, according to official data released Monday, suggests that Chinese exporters are increasingly favoring the dollar as the yield disparity between U.S. and Chinese interest rates widens.