Jerry Lin
The Latest
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US Homebuilding Surges in February Amid Housing Shortage and High Mortgage Rates
US homebuilding experienced a significant surge in February, with builders anticipating strong demand for new homes to persist. According to data released by the Census Bureau and the Department of Housing and Urban Development, housing starts soared by 10.7% last month, reaching a seasonally adjusted annual rate of 1.521 million units, surpassing analysts' estimates of 1.425 million. 
US homebuilding experienced a significant surge in February, with builders anticipating strong demand for new homes to persist. According to data released by the Census Bureau and the Department of Housing and Urban Development, housing starts soared by 10.7% last month, reaching a seasonally adjusted annual rate of 1.521 million units, surpassing analysts' estimates of 1.425 million. -
Bank of Japan Ends Negative Rate Policy, Signals Shift Towards Normalization
The Bank of Japan (BOJ) on Tuesday ended its unconventional monetary easing policies, signaling a shift towards policy normalization after years of ultra-loose measures aimed at reflating the world's fourth-largest economy. 
The Bank of Japan (BOJ) on Tuesday ended its unconventional monetary easing policies, signaling a shift towards policy normalization after years of ultra-loose measures aimed at reflating the world's fourth-largest economy. -
Standard Chartered Forecasts Bitcoin's Surge to $150K by 2023 End and $250K Potential in 2025
Standard Chartered, a prominent British multinational banking and financial services company, has revised its year-end prediction for Bitcoin (BTC), the world's pioneering decentralized cryptocurrency, projecting it could reach $150,000 by the end of 2023. 
Standard Chartered, a prominent British multinational banking and financial services company, has revised its year-end prediction for Bitcoin (BTC), the world's pioneering decentralized cryptocurrency, projecting it could reach $150,000 by the end of 2023. -
Oil Prices Remain Elevated as Ukrainian Attacks on Russian Refineries Intensify
Oil prices held steady on Monday, with Brent crude briefly surpassing $86 per barrel for the first time since November, as Ukraine stepped up its attacks on Russian energy infrastructure, fueling concerns over global supply. The escalating conflict has added a risk premium to crude prices, which remained in place as the week began with more attacks over the weekend. 
Oil prices held steady on Monday, with Brent crude briefly surpassing $86 per barrel for the first time since November, as Ukraine stepped up its attacks on Russian energy infrastructure, fueling concerns over global supply. The escalating conflict has added a risk premium to crude prices, which remained in place as the week began with more attacks over the weekend. -
BOJ's Upcoming NIRP Shift Unlikely to Trigger Significant Repatriation of Japanese Funds
As the Bank of Japan (BOJ) prepares to debate ending its negative interest rate policy at its two-day meeting starting Monday, analysts suggest that the central bank's decision will have a limited impact on the roughly $3 trillion of yen Japanese investors have parked in global bond markets and yen trades. 
As the Bank of Japan (BOJ) prepares to debate ending its negative interest rate policy at its two-day meeting starting Monday, analysts suggest that the central bank's decision will have a limited impact on the roughly $3 trillion of yen Japanese investors have parked in global bond markets and yen trades. -
China's Economy Shows Resilience with Strong Retail Sales and Industrial Output in Early 2024
China's economy kicked off 2024 on a strong note, with retail sales and industrial output surpassing expectations in the January-February period. However, the ongoing weakness in the property sector continues to temper the overall economic outlook, despite the positive data. 
China's economy kicked off 2024 on a strong note, with retail sales and industrial output surpassing expectations in the January-February period. However, the ongoing weakness in the property sector continues to temper the overall economic outlook, despite the positive data. -
Bitcoin Sees Sharp Decline from Record High Amid Market Volatility
Bitcoin's meteoric rise experienced a significant setback, with the cryptocurrency's price plummeting to $68,000, marking a 6% decline overnight. This drop interrupted the digital currency's rally, which had previously seen its value surge to unprecedented levels, reaching an all-time high of $73,000 earlier in the week. 
Bitcoin's meteoric rise experienced a significant setback, with the cryptocurrency's price plummeting to $68,000, marking a 6% decline overnight. This drop interrupted the digital currency's rally, which had previously seen its value surge to unprecedented levels, reaching an all-time high of $73,000 earlier in the week. -
Crypto Owners Leaning Towards Trump in Upcoming Election: Poll
It was revealed that a significant portion of cryptocurrency owners in the United States are more inclined to support former President Donald Trump over the current President Joe Biden in the forthcoming presidential election. 
It was revealed that a significant portion of cryptocurrency owners in the United States are more inclined to support former President Donald Trump over the current President Joe Biden in the forthcoming presidential election. -
Bitcoin Drops More Than 3% as Stubborn Inflation Data Renews Macro Concerns
Bitcoin sold off by 3% on Thursday, with the decline accelerating following the release of the U.S. Producer Price Index (PPI) data for February, which showed inflation proving stickier than most expected. 
Bitcoin sold off by 3% on Thursday, with the decline accelerating following the release of the U.S. Producer Price Index (PPI) data for February, which showed inflation proving stickier than most expected. -
U.S. Wholesale Inflation Surges in February, Signaling Persistent Price Pressures
The U.S. Bureau of Labor Statistics reported a significant uptick in wholesale inflation for the month of February. The producer price index (PPI), a key indicator of inflation at the wholesale level, registered a 0.6% increase, surpassing the Dow Jones estimate of 0.3%. This acceleration, more pronounced than in January's 0.3% rise, underscores the persistent inflationary pressures within the U.S. economy. 
The U.S. Bureau of Labor Statistics reported a significant uptick in wholesale inflation for the month of February. The producer price index (PPI), a key indicator of inflation at the wholesale level, registered a 0.6% increase, surpassing the Dow Jones estimate of 0.3%. This acceleration, more pronounced than in January's 0.3% rise, underscores the persistent inflationary pressures within the U.S. economy.
