Jerry Lin
The Latest
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European Central Bank Halts Rate Hikes After 10 Consecutive Increases
On October 26, the ECB announced its latest interest rate decision, maintaining its three primary rates at historical highs: the main refinancing rate, the deposit facility rate, and the marginal lending rate remain at 4.5%, 4%, and 4.75%, respectively. On October 26, the ECB announced its latest interest rate decision, maintaining its three primary rates at historical highs: the main refinancing rate, the deposit facility rate, and the marginal lending rate remain at 4.5%, 4%, and 4.75%, respectively. -
Third Quarter U.S. Economic Surge Defies Predictions with Robust Growth
The U.S. has posted a GDP growth rate of 4.9% during the third quarter, surging past the predictions set by economists. This robust growth defies the anticipated economic challenges, revealing an economy propelled by buoyant consumer spending and other driving factors. The U.S. has posted a GDP growth rate of 4.9% during the third quarter, surging past the predictions set by economists. This robust growth defies the anticipated economic challenges, revealing an economy propelled by buoyant consumer spending and other driving factors. -
Yen Plunges Below 150, Hits One-Year Low Amid Global Rate Concerns
Global Rate Dynamics Push Yen Lower On Thursday, the yen, often referred to as the "anchor of global asset pricing," plummeted to its lowest level in a year, breaking the psychologically significant 150 threshold. Global Rate Dynamics Push Yen Lower On Thursday, the yen, often referred to as the "anchor of global asset pricing," plummeted to its lowest level in a year, breaking the psychologically significant 150 threshold. -
Beijing Accelerates Shift Towards Homegrown Technology Amidst Growing U.S. Restrictions - Report
China has intensified its efforts to substitute Western-made technology with homegrown alternatives, as per government tenders, research documents, and insights from industry insiders. China has intensified its efforts to substitute Western-made technology with homegrown alternatives, as per government tenders, research documents, and insights from industry insiders. -
American Households Struggle to Boost Emergency Savings Amid Inflation and Rising Expenses
A staggering 81% of adults have not added to their emergency savings this year. This trend underscores the financial strain many are experiencing, with 60% feeling they are lagging in building a financial safety net. A staggering 81% of adults have not added to their emergency savings this year. This trend underscores the financial strain many are experiencing, with 60% feeling they are lagging in building a financial safety net. -
Israel Delays Ground Assault on Gaza; Erdogan Cancels Israel Visit Amid Market Plunge
Israel has agreed to a U.S. request to temporarily delay its ground assault on the Gaza Strip, according to The Wall Street Journal. This allows the U.S. more time to deploy its missile defense system to protect American organizations in the region. The defense system's deployment could be in place as early as later this week. Israel's Defense Forces Chief of Staff, Aviv Kochavi, had previously indicated on the 24th that the ground assault was postponed due to "strategic considerations." Israel has agreed to a U.S. request to temporarily delay its ground assault on the Gaza Strip, according to The Wall Street Journal. This allows the U.S. more time to deploy its missile defense system to protect American organizations in the region. The defense system's deployment could be in place as early as later this week. Israel's Defense Forces Chief of Staff, Aviv Kochavi, had previously indicated on the 24th that the ground assault was postponed due to "strategic considerations." -
Beijing's Bold Play: Unveiling a 1 Trillion Yuan Government Bond Amid Economic Challenges
Chinese authorities have recently announced one of the most significant changes to the national budget in years. This includes the issuance of 1 trillion yuan ($137 billion) in government bonds. Chinese authorities have recently announced one of the most significant changes to the national budget in years. This includes the issuance of 1 trillion yuan ($137 billion) in government bonds. -
Can Hong Kong Surpass Geneva as the Leading Hub for Vintage Watch Auctions?
This global downturn affected key watch auction markets such as Geneva, Hong Kong, and New York. From 2019 to 2022, Hong Kong consistently ranked first in global sales for watch auctions each year, with the exception of 2020 due to the sudden outbreak of the pandemic. This global downturn affected key watch auction markets such as Geneva, Hong Kong, and New York. From 2019 to 2022, Hong Kong consistently ranked first in global sales for watch auctions each year, with the exception of 2020 due to the sudden outbreak of the pandemic. -
Bitcoin Soars Past $35,000: Is ETF Approval on the Horizon?
In a dramatic turn of events, Bitcoin (BTC) has surged past the $35,000 mark, a level not seen since May of the previous year. This sudden uptick, which saw the cryptocurrency gain a staggering 14% in just 24 hours, has been attributed to a renewed interest in the potential approval of Bitcoin spot Exchange-Traded Funds (ETFs) and a significant uptick in trading volumes across spot markets. In a dramatic turn of events, Bitcoin (BTC) has surged past the $35,000 mark, a level not seen since May of the previous year. This sudden uptick, which saw the cryptocurrency gain a staggering 14% in just 24 hours, has been attributed to a renewed interest in the potential approval of Bitcoin spot Exchange-Traded Funds (ETFs) and a significant uptick in trading volumes across spot markets. -
Bitcoin's Lightning Network Faces Security Concerns: Top Developer Resigns Amidst Vulnerability Warnings
In a significant development that has sent ripples through the cryptocurrency community, Antoine Riard, a leading security researcher and top developer for Bitcoin and the Lightning Network, has announced his resignation. Riard's departure comes in the wake of his growing concerns about a series of vulnerabilities within the Bitcoin ecosystem, especially the potential risks they pose to users who might lose their funds in a cyberattack. In a significant development that has sent ripples through the cryptocurrency community, Antoine Riard, a leading security researcher and top developer for Bitcoin and the Lightning Network, has announced his resignation. Riard's departure comes in the wake of his growing concerns about a series of vulnerabilities within the Bitcoin ecosystem, especially the potential risks they pose to users who might lose their funds in a cyberattack.