Jerry Lin
The Latest
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IMF: Global Economic Fragmentation a Reality, Non-Aligned Nations Benefiting
As geopolitical alliances shape trade and investment flows, fragmentation has become a reality and is likely to persist, Gopinath observed. While a broader deglobalization has not occurred, signs of division are emerging, and bilateral trade relationships are undergoing notable changes. 
As geopolitical alliances shape trade and investment flows, fragmentation has become a reality and is likely to persist, Gopinath observed. While a broader deglobalization has not occurred, signs of division are emerging, and bilateral trade relationships are undergoing notable changes. -
FTX Faces IRS $24B Tax Hurdle in Customer Compensation Efforts
The beleaguered cryptocurrency exchange FTX, now in the throes of bankruptcy, is grappling with a significant challenge posed by a $24 billion tax claim from the United States Internal Revenue Service (IRS). This development could substantially delay the restitution process for the exchange's customers. 
The beleaguered cryptocurrency exchange FTX, now in the throes of bankruptcy, is grappling with a significant challenge posed by a $24 billion tax claim from the United States Internal Revenue Service (IRS). This development could substantially delay the restitution process for the exchange's customers. -
U.S. Senator Elizabeth Warren Proposes Stricter Crypto Regulation, Triggering Bitcoin Sell-Off
Cryptocurrencies are facing increasingly stringent scrutiny in the global financial system. 
Cryptocurrencies are facing increasingly stringent scrutiny in the global financial system. -
Profit-Taking Triggers Bitcoin's Sharp Decline Below $41,000 Mark
Bitcoin, the pioneering cryptocurrency, experienced a significant plunge, briefly falling below the critical $41,000 threshold. 
Bitcoin, the pioneering cryptocurrency, experienced a significant plunge, briefly falling below the critical $41,000 threshold. -
US Labor Market Surges: Unemployment Dips as Job Growth Exceeds Predictions
According to the latest data from the Labor Department, nonfarm payrolls saw an increase of 199,000 jobs, slightly surpassing the Dow Jones estimate of 190,000. 
According to the latest data from the Labor Department, nonfarm payrolls saw an increase of 199,000 jobs, slightly surpassing the Dow Jones estimate of 190,000. -
Gold Prices Respond to U.S. Jobs Report and World Gold Council Outlook for 2024
As the U.S. economy navigates through uncertain terrain, the gold market is showing a responsive yet stable trend. The aftermath of the latest U.S. employment data, revealing an increase in non-farm payrolls and a decrease in the unemployment rate, has influenced gold and silver prices. 
As the U.S. economy navigates through uncertain terrain, the gold market is showing a responsive yet stable trend. The aftermath of the latest U.S. employment data, revealing an increase in non-farm payrolls and a decrease in the unemployment rate, has influenced gold and silver prices. -
Japan's Economic Dilemma: GDP Slump Raises Questions on Central Bank's Next Move
Japan's economy faced a setback as the Cabinet Office revealed on Dec. 8 that the country's Gross Domestic Product (GDP) for the third quarter declined more than expected. The seasonally adjusted real GDP fell by 0.7% from the previous quarter, translating to an annualized drop of 2.9%. This figure is lower than the initial estimate of -2.1% and below market predictions of -2.0%. This marks the first negative growth in the last four quarters. 
Japan's economy faced a setback as the Cabinet Office revealed on Dec. 8 that the country's Gross Domestic Product (GDP) for the third quarter declined more than expected. The seasonally adjusted real GDP fell by 0.7% from the previous quarter, translating to an annualized drop of 2.9%. This figure is lower than the initial estimate of -2.1% and below market predictions of -2.0%. This marks the first negative growth in the last four quarters. -
Progress in U.S. Spot Bitcoin ETF Approvals as SEC Engages with Issuers
The landscape of cryptocurrency investments in the United States is on the cusp of a significant change. The U.S. Securities and Exchange Commission (SEC) is reportedly in advanced discussions with potential issuers about the technicalities of launching a spot Bitcoin exchange-traded fund (ETF). 
The landscape of cryptocurrency investments in the United States is on the cusp of a significant change. The U.S. Securities and Exchange Commission (SEC) is reportedly in advanced discussions with potential issuers about the technicalities of launching a spot Bitcoin exchange-traded fund (ETF). -
U.S. Urged to Tighten Tech Exports to China Amid Security Concerns
In a call for immediate and stringent measures, a recent report by the U.S. House of Representatives emphasizes the urgent need for the United States to curb the flow of sensitive technology to China. 
In a call for immediate and stringent measures, a recent report by the U.S. House of Representatives emphasizes the urgent need for the United States to curb the flow of sensitive technology to China. -
Gold's Roller-Coaster Ride: Prices Plunge 5% from Historic Highs, Shaking Investor Confidence
However, spot gold experienced a significant pullback after reaching a new high of $2,144 per ounce earlier this week. As of the time of writing, spot gold has slightly risen by 0.24% to $2,030, marking a 5% drop from the week's high point, leading to a roller-coaster market situation. This raises questions about the reliability of gold as a "safe-haven" asset. 
However, spot gold experienced a significant pullback after reaching a new high of $2,144 per ounce earlier this week. As of the time of writing, spot gold has slightly risen by 0.24% to $2,030, marking a 5% drop from the week's high point, leading to a roller-coaster market situation. This raises questions about the reliability of gold as a "safe-haven" asset.
