Jerry Lin
The Latest
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OPEC+ Decides on Over 1 Million Bpd Cut Amid Global Price Tumbles
The group, responsible for over 40% of the world's oil production, is poised to implement cuts of at least 1 million barrels per day (bpd) starting early next year. 
The group, responsible for over 40% of the world's oil production, is poised to implement cuts of at least 1 million barrels per day (bpd) starting early next year. -
FTX Authorized to Liquidate $900M in Trust Assets for Creditor Repayment
FTX, the once-celebrated cryptocurrency exchange that faced a dramatic collapse in 2022, has received court approval to liquidate nearly $900 million in trust assets. This significant move, authorized by a Delaware bankruptcy court, aims to reimburse creditors affected by the downfall of the crypto giant. The approval marks a crucial step in unraveling the complex financial web that led to the exchange's implosion. 
FTX, the once-celebrated cryptocurrency exchange that faced a dramatic collapse in 2022, has received court approval to liquidate nearly $900 million in trust assets. This significant move, authorized by a Delaware bankruptcy court, aims to reimburse creditors affected by the downfall of the crypto giant. The approval marks a crucial step in unraveling the complex financial web that led to the exchange's implosion. -
Standard Chartered Foresees $100K Bitcoin Price; Spot BTC ETF Approval Likely in Early 2024
Standard Chartered, a leading international banking group, has maintained its bullish outlook on Bitcoin, predicting the cryptocurrency could reach $100,000 by the end of 2024. 
Standard Chartered, a leading international banking group, has maintained its bullish outlook on Bitcoin, predicting the cryptocurrency could reach $100,000 by the end of 2024. -
Gold Prices Soar as Dollar Weakens and Fed Rate Cut Speculation Grows
Gold prices have experienced a notable surge, largely influenced by remarks from Federal Reserve official Christopher Waller and global geopolitical unrest. The most active February 2024 gold futures contract climbed to $2061.50, marking a significant gain of $26.30. 
Gold prices have experienced a notable surge, largely influenced by remarks from Federal Reserve official Christopher Waller and global geopolitical unrest. The most active February 2024 gold futures contract climbed to $2061.50, marking a significant gain of $26.30. -
U.S. GDP Surges with 5.2% Growth in Third Quarter
Gross domestic product (GDP) expanded at a 5.2% annualized pace, exceeding both the previous estimate of 4.9% and the 5% forecast by economists polled by Dow Jones. 
Gross domestic product (GDP) expanded at a 5.2% annualized pace, exceeding both the previous estimate of 4.9% and the 5% forecast by economists polled by Dow Jones. -
Fed Governors Split on Path for Interest Rates Amid Inflation Battle
The debate over the future direction of interest rates within the Federal Reserve is intensifying as two of its governors, Michelle Bowman and Christopher Waller, present contrasting views on the best approach to manage inflation. 
The debate over the future direction of interest rates within the Federal Reserve is intensifying as two of its governors, Michelle Bowman and Christopher Waller, present contrasting views on the best approach to manage inflation. -
Biden Administration Announces New Supply Chain Security Measures, Urges Businesses Not to Inflate Prices
The Biden administration continues to intensify its supply chain security policies. On Monday, Eastern Time, the White House unveiled a series of new plans, including the establishment of the "White House Supply Chain Resilience Committee." 
The Biden administration continues to intensify its supply chain security policies. On Monday, Eastern Time, the White House unveiled a series of new plans, including the establishment of the "White House Supply Chain Resilience Committee." -
Evergrande's Unit Takes Legal Action Against Parent Company Over $279 Million Pledge Guarantees
Evergrande Property Services Group, through its subsidiary Jinbi Property Management Company, has initiated legal proceedings against Hengda Real Estate Group Company and its parent, China Evergrande, among others. 
Evergrande Property Services Group, through its subsidiary Jinbi Property Management Company, has initiated legal proceedings against Hengda Real Estate Group Company and its parent, China Evergrande, among others. -
Saudi Arabia Seeks to Cut OPEC+ Production Quotas, Prompting Short-Term Rise in Oil Prices
Reports citing OPEC+ representatives revealed on November 27 that Saudi Arabia, the de facto leader of OPEC+, is urging other oil-producing nations in the group to reduce their oil production quotas to stabilize the global market. 
Reports citing OPEC+ representatives revealed on November 27 that Saudi Arabia, the de facto leader of OPEC+, is urging other oil-producing nations in the group to reduce their oil production quotas to stabilize the global market. -
Joe Biden Taps Defense Production Act to Reinforce U.S. Economy and Tackle Inflation
Joe Biden is set to invoke a Cold War-era law during the first meeting of the White House's Council on Supply Chain Resilience. 
Joe Biden is set to invoke a Cold War-era law during the first meeting of the White House's Council on Supply Chain Resilience.
