Jerry Lin
The Latest
-
US Mortgage Rates Hit Seven-Month Low, Sparking Homebuying Activity
The U.S. housing market has seen a significant boost as mortgage rates plummeted to their lowest levels in seven months, fueling a resurgence in buyer and seller activity. 
The U.S. housing market has seen a significant boost as mortgage rates plummeted to their lowest levels in seven months, fueling a resurgence in buyer and seller activity. -
U.S. Unemployment Claims Hit a 16-Month Low Amid Economic Resilience
According to the latest report from the Labor Department, jobless claims dropped to 187,000 for the week ending January 13, marking a decrease of 16,000 from the previous week. 
According to the latest report from the Labor Department, jobless claims dropped to 187,000 for the week ending January 13, marking a decrease of 16,000 from the previous week. -
IEA Contradicts OPEC Forecast, Predicts Ample Oil Supply in 2024 Amid Slow Demand Growth
The International Energy Agency (IEA) has released its first monthly oil market report of the year, projecting a considerably sufficient global oil supply for 2024, contradicting the previous day's prediction of supply tension by OPEC. 
The International Energy Agency (IEA) has released its first monthly oil market report of the year, projecting a considerably sufficient global oil supply for 2024, contradicting the previous day's prediction of supply tension by OPEC. -
Bitcoin Spot ETF Attracts Less Than $900 Million in First Three Days, Falling Short of High Expectations
According to data from digital asset management firm CoinShares, these Bitcoin spot ETFs saw a net inflow of $871 million in the first three days of trading. BlackRock led with an inflow of $723 million, followed by Fidelity with $545 million. However, Grayscale, an asset management company, experienced an outflow of $1.18 billion. 
According to data from digital asset management firm CoinShares, these Bitcoin spot ETFs saw a net inflow of $871 million in the first three days of trading. BlackRock led with an inflow of $723 million, followed by Fidelity with $545 million. However, Grayscale, an asset management company, experienced an outflow of $1.18 billion. -
Resilient Consumer Spending Boosts US Economy: Retail Sales Top Expectations in December
In a positive sign for the U.S. economy, retail sales in December outperformed expectations, increasing by 0.6% according to the Commerce Department. This rise in consumer spending, particularly in clothing and online nonstore businesses, surpassed the Dow Jones estimate of 0.4%, signaling a robust end to 2023. Excluding autos, sales rose by 0.4%, exceeding the forecasted 0.2%. 
In a positive sign for the U.S. economy, retail sales in December outperformed expectations, increasing by 0.6% according to the Commerce Department. This rise in consumer spending, particularly in clothing and online nonstore businesses, surpassed the Dow Jones estimate of 0.4%, signaling a robust end to 2023. Excluding autos, sales rose by 0.4%, exceeding the forecasted 0.2%. -
US Cargo Ship Hit by Yemeni Houthis in Red Sea, Triggering European Shipping Stock Gains and Oil Price Shifts
On January 15, the United States Central Command reported that Houthi rebels in Yemen launched an anti-ship missile, striking the U.S. container ship M/V Gibraltar Eagel flying the flag of the Marshall Islands. The attack, which occurred at approximately 4 p.m. local time reportedly caused no casualties or severe damage, and the vessel continued its journey as planned. 
On January 15, the United States Central Command reported that Houthi rebels in Yemen launched an anti-ship missile, striking the U.S. container ship M/V Gibraltar Eagel flying the flag of the Marshall Islands. The attack, which occurred at approximately 4 p.m. local time reportedly caused no casualties or severe damage, and the vessel continued its journey as planned. -
Germany Faces Economic Slowdown: 2023 GDP Contracts Amidst Rising Inflation and Interest Rates
Germany's economy, the largest in Europe, experienced a contraction of 0.3% in 2023, indicating a slow and challenging period for the nation amidst multiple crises. 
Germany's economy, the largest in Europe, experienced a contraction of 0.3% in 2023, indicating a slow and challenging period for the nation amidst multiple crises. -
"AI Revolution to Impact 40% of Global Jobs, IMF Warns of Inequality Risks
According to recent analysis by the International Monetary Fund (IMF), nearly 40% of global employment could face disruption due to the increasing adoption of AI technologies 
According to recent analysis by the International Monetary Fund (IMF), nearly 40% of global employment could face disruption due to the increasing adoption of AI technologies -
Global Shipping Crisis Looms as Houthi Attacks Threaten Red Sea Trade
The recent surge in attacks by Iran-backed Houthi militants on commercial shipping in the Red Sea is raising alarms over the potential for a renewed global supply chain crisis. 
The recent surge in attacks by Iran-backed Houthi militants on commercial shipping in the Red Sea is raising alarms over the potential for a renewed global supply chain crisis. -
Bitcoin Price Plummets to $43,000 Amidst Launch of Spot ETFs, Signaling Market Jitters
Bitcoin (BTC) experienced a sharp decline, tumbling to near $43,000 on Friday. This 6% drop in day-over-day trading came in the wake of the debut of several spot bitcoin exchange-traded funds (ETFs) in the U.S. 
Bitcoin (BTC) experienced a sharp decline, tumbling to near $43,000 on Friday. This 6% drop in day-over-day trading came in the wake of the debut of several spot bitcoin exchange-traded funds (ETFs) in the U.S.
