Jerry Lin
The Latest
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Bybit Confirms $1.4 Billion Crypto Hack, Ethereum Drops Amid Security Breach
Cryptocurrency exchange Bybit confirmed on Friday that it had suffered a significant security breach, with hackers withdrawing over $1.4 billion worth of Ethereum (ETH) and staked ETH (stETH) from its cold wallet. The exchange's CEO, Ben Zhou, stated that the attack stemmed from a manipulated transfer, allowing the hacker to take control of one of the company's multisig wallets. 
Cryptocurrency exchange Bybit confirmed on Friday that it had suffered a significant security breach, with hackers withdrawing over $1.4 billion worth of Ethereum (ETH) and staked ETH (stETH) from its cold wallet. The exchange's CEO, Ben Zhou, stated that the attack stemmed from a manipulated transfer, allowing the hacker to take control of one of the company's multisig wallets. -
U.S. Jobless Claims Tick Up to 219,000 as Labor Market Holds Steady
The number of Americans applying for unemployment benefits edged higher last week, but layoffs remain relatively low, reflecting a labor market that continues to show resilience. The Labor Department reported Thursday that jobless claims rose by 5,000 to a seasonally adjusted 219,000 for the week ending February 15, slightly above analysts' projections of 215,000. 
The number of Americans applying for unemployment benefits edged higher last week, but layoffs remain relatively low, reflecting a labor market that continues to show resilience. The Labor Department reported Thursday that jobless claims rose by 5,000 to a seasonally adjusted 219,000 for the week ending February 15, slightly above analysts' projections of 215,000. -
Gold Prices Hit Record High as Tariff Concerns and Dollar Volatility Drive Demand
Gold prices surged to an all-time high of $2,954.69 per ounce on Thursday as investors sought refuge amid rising global economic uncertainty, inflationary pressures, and geopolitical tensions. Spot gold climbed 0.6% to $2,951.25, while U.S. gold futures advanced 1.1% to $2,969.30, marking the tenth record high this year. 
Gold prices surged to an all-time high of $2,954.69 per ounce on Thursday as investors sought refuge amid rising global economic uncertainty, inflationary pressures, and geopolitical tensions. Spot gold climbed 0.6% to $2,951.25, while U.S. gold futures advanced 1.1% to $2,969.30, marking the tenth record high this year. -
UK Inflation Surges to 10-Month High, Challenging Bank of England’s Rate Path
The United Kingdom's inflation rate unexpectedly accelerated to 3% in January, exceeding analysts' forecasts and complicating the Bank of England's path for interest rate cuts. Data released Wednesday by the Office for National Statistics (ONS) showed consumer prices rising at the fastest pace in ten months, driven by higher airfares, fuel costs, and a controversial value-added tax (VAT) on private school fees. 
The United Kingdom's inflation rate unexpectedly accelerated to 3% in January, exceeding analysts' forecasts and complicating the Bank of England's path for interest rate cuts. Data released Wednesday by the Office for National Statistics (ONS) showed consumer prices rising at the fastest pace in ten months, driven by higher airfares, fuel costs, and a controversial value-added tax (VAT) on private school fees. -
Gold Rally Extends as Goldman Sachs Lifts Price Target to $3,100 Amid Trade War Concerns
Gold prices extended their gains on Tuesday, driven by investor demand for safe-haven assets amid growing uncertainty over U.S. tariff policies under President Donald Trump. Spot gold rose 0.6% to $2,913.79 an ounce as of 07:14 GMT, while U.S. gold futures climbed 0.9% to $2,925.50. 
Gold prices extended their gains on Tuesday, driven by investor demand for safe-haven assets amid growing uncertainty over U.S. tariff policies under President Donald Trump. Spot gold rose 0.6% to $2,913.79 an ounce as of 07:14 GMT, while U.S. gold futures climbed 0.9% to $2,925.50. -
U.S. Retail Sales Plunge 0.9% in January as Consumers Pull Back Spending
Retail sales in the U.S. fell sharply in January, declining 0.9% from the previous month as consumers curtailed spending across key sectors, according to a Commerce Department report released Friday. The drop was significantly steeper than the 0.2% decline forecast by economists and follows an upwardly revised 0.7% gain in December. 
Retail sales in the U.S. fell sharply in January, declining 0.9% from the previous month as consumers curtailed spending across key sectors, according to a Commerce Department report released Friday. The drop was significantly steeper than the 0.2% decline forecast by economists and follows an upwardly revised 0.7% gain in December. -
U.S. Wholesale Prices Rise 3.5% in January, Signaling Persistent Inflation Pressures
Wholesale inflation in the U.S. remained elevated in January, with the Producer Price Index (PPI) rising 0.4% for the month and 3.5% year-over-year, according to data released Thursday by the Bureau of Labor Statistics. The latest figures exceeded economists' expectations and reinforced concerns that inflation remains stubbornly high despite Federal Reserve efforts to stabilize prices. 
Wholesale inflation in the U.S. remained elevated in January, with the Producer Price Index (PPI) rising 0.4% for the month and 3.5% year-over-year, according to data released Thursday by the Bureau of Labor Statistics. The latest figures exceeded economists' expectations and reinforced concerns that inflation remains stubbornly high despite Federal Reserve efforts to stabilize prices. -
Inflation Surges to 3% in January, Raising Pressure on Fed to Hold Rates
U.S. inflation accelerated in January, exceeding expectations and adding pressure on the Federal Reserve to keep interest rates steady for longer. The consumer price index (CPI) rose 0.5% for the month, bringing the annual inflation rate to 3%, according to data released Wednesday by the Bureau of Labor Statistics. The figures came in higher than Dow Jones estimates of 0.3% for the monthly gain and 2.9% for the yearly rate. 
U.S. inflation accelerated in January, exceeding expectations and adding pressure on the Federal Reserve to keep interest rates steady for longer. The consumer price index (CPI) rose 0.5% for the month, bringing the annual inflation rate to 3%, according to data released Wednesday by the Bureau of Labor Statistics. The figures came in higher than Dow Jones estimates of 0.3% for the monthly gain and 2.9% for the yearly rate. -
Intel Shares Surge After VP JD Vance Pledges AI Safeguards and U.S. Chip Dominance
Intel shares climbed 8% on Tuesday after Vice President JD Vance vowed that the U.S. would protect its artificial intelligence technology and semiconductor industry from foreign threats. Speaking at the Paris AI Summit, Vance warned that authoritarian regimes were misusing AI for military intelligence and surveillance and emphasized the administration's commitment to blocking such efforts. 
Intel shares climbed 8% on Tuesday after Vice President JD Vance vowed that the U.S. would protect its artificial intelligence technology and semiconductor industry from foreign threats. Speaking at the Paris AI Summit, Vance warned that authoritarian regimes were misusing AI for military intelligence and surveillance and emphasized the administration's commitment to blocking such efforts. -
Gold Prices Hit Record High as Trump’s Tariffs Fuel Safe-Haven Demand
Gold prices surged to a record high on Tuesday, driven by investor demand for safe-haven assets following President Donald Trump's decision to raise tariffs on steel and aluminum imports. The move, which imposes a flat 25% duty on the metals without exceptions, has heightened fears of a global trade war and potential economic repercussions. 
Gold prices surged to a record high on Tuesday, driven by investor demand for safe-haven assets following President Donald Trump's decision to raise tariffs on steel and aluminum imports. The move, which imposes a flat 25% duty on the metals without exceptions, has heightened fears of a global trade war and potential economic repercussions.
