Jerry Lin
The Latest
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EU Pushes for U.S. Alliance to Confront China’s Expanding Rare Earth Export Curbs
European Union trade officials said Tuesday they are seeking to coordinate a unified response with the United States and other G7 partners to China's latest expansion of export restrictions on rare earth minerals-an escalation that has raised alarm across Europe's industrial base and intensified global economic tensions. 
European Union trade officials said Tuesday they are seeking to coordinate a unified response with the United States and other G7 partners to China's latest expansion of export restrictions on rare earth minerals-an escalation that has raised alarm across Europe's industrial base and intensified global economic tensions. -
JPMorgan CEO Jamie Dimon Warns of 30% Chance of U.S. Stock Market Correction
Jamie Dimon, the chairman and chief executive officer of JPMorgan Chase, warned that the U.S. stock market faces a heightened risk of a significant correction, saying he is "far more worried than others" about the possibility of a downturn in the next six months to two years. 
Jamie Dimon, the chairman and chief executive officer of JPMorgan Chase, warned that the U.S. stock market faces a heightened risk of a significant correction, saying he is "far more worried than others" about the possibility of a downturn in the next six months to two years. -
Gold Surges Past $4,000 as Billionaires, Central Banks Drive Historic Rally Amid Market Uncertainty
Gold prices soared above $4,000 per ounce this week for the first time, marking a nearly 50% gain since January and capping one of the most dramatic rallies in the precious metal's modern history. The surge, driven by a mix of billionaire investors, central bank buying, and retail inflows, underscores deepening uncertainty in global markets and growing skepticism toward the U.S. dollar. 
Gold prices soared above $4,000 per ounce this week for the first time, marking a nearly 50% gain since January and capping one of the most dramatic rallies in the precious metal's modern history. The surge, driven by a mix of billionaire investors, central bank buying, and retail inflows, underscores deepening uncertainty in global markets and growing skepticism toward the U.S. dollar. -
Oil Prices Rise 1% as OPEC+ Announces Smaller-Than-Expected Output Hike
Oil prices climbed Monday after OPEC+ agreed to raise production by a smaller amount than traders anticipated, easing fears of oversupply even as demand concerns linger. 
Oil prices climbed Monday after OPEC+ agreed to raise production by a smaller amount than traders anticipated, easing fears of oversupply even as demand concerns linger. -
AI Tools, Discounts, and Mobile Shopping to Drive $253 Billion Holiday Season, Adobe Forecast Says
U.S. consumers are expected to spend $253.4 billion online this holiday season, a 5.3% increase from last year, as shoppers turn to artificial intelligence tools, steep discounts, and flexible payment plans to navigate economic pressure from tariffs and inflation, according to Adobe Analytics data released Monday. 
U.S. consumers are expected to spend $253.4 billion online this holiday season, a 5.3% increase from last year, as shoppers turn to artificial intelligence tools, steep discounts, and flexible payment plans to navigate economic pressure from tariffs and inflation, according to Adobe Analytics data released Monday. -
Jobless Claims Drop to 218,000, Beating Estimates as GDP Revised Up to 3.8%
U.S. jobless claims fell sharply last week, underscoring resilience in the labor market even as hiring remains sluggish and the Federal Reserve moves cautiously on rate cuts. Initial claims for unemployment benefits dropped to a seasonally adjusted 218,000 for the week ended Sept. 20, down 14,000 from the prior week and well below economists' expectations for 235,000, the Labor Department said Thursday. 
U.S. jobless claims fell sharply last week, underscoring resilience in the labor market even as hiring remains sluggish and the Federal Reserve moves cautiously on rate cuts. Initial claims for unemployment benefits dropped to a seasonally adjusted 218,000 for the week ended Sept. 20, down 14,000 from the prior week and well below economists' expectations for 235,000, the Labor Department said Thursday. -
Gold Smashes Records Above $3,735 as Fed Rate Cuts, ETF Inflows Fuel Rally
Gold surged to fresh record highs Monday as investors piled into bullion, betting that the Federal Reserve will continue cutting rates through year-end while geopolitical tensions keep demand for safe-haven assets elevated. Gold surged to fresh record highs Monday as investors piled into bullion, betting that the Federal Reserve will continue cutting rates through year-end while geopolitical tensions keep demand for safe-haven assets elevated. -
China Holds Benchmark Lending Rates Steady Despite Fed Cut, Signals Possible Year-End Easing
China left its benchmark lending rates unchanged for a fourth consecutive month on Monday, choosing policy stability over immediate stimulus even after the U.S. Federal Reserve cut interest rates last week. The People's Bank of China (PBOC) maintained the one-year loan prime rate (LPR) at 3.0% and the five-year LPR at 3.5%, in line with forecasts from a Reuters survey of economists. 
China left its benchmark lending rates unchanged for a fourth consecutive month on Monday, choosing policy stability over immediate stimulus even after the U.S. Federal Reserve cut interest rates last week. The People's Bank of China (PBOC) maintained the one-year loan prime rate (LPR) at 3.0% and the five-year LPR at 3.5%, in line with forecasts from a Reuters survey of economists. -
Fed Cuts Rates by Quarter Point, Signals Two More Reductions Coming This Year
The Federal Reserve lowered interest rates by a quarter percentage point Wednesday and signaled two additional cuts before year-end, seeking to shore up a slowing labor market even as inflation remains elevated. 
The Federal Reserve lowered interest rates by a quarter percentage point Wednesday and signaled two additional cuts before year-end, seeking to shore up a slowing labor market even as inflation remains elevated. -
Mortgage Refinance Applications Soar 58% as Rates Hit 10-Month Low Ahead of Fed Cut
Mortgage refinance demand surged last week as U.S. interest rates fell to their lowest level since late 2022, sparking a rush among homeowners to lock in savings ahead of an anticipated Federal Reserve rate cut. 
Mortgage refinance demand surged last week as U.S. interest rates fell to their lowest level since late 2022, sparking a rush among homeowners to lock in savings ahead of an anticipated Federal Reserve rate cut.
