Jerry Lin
The Latest
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China's Banks Intervene to Bolster Yuan Amid Stock Market Tumble
China's state-owned banks actively intervened in the foreign exchange market on Monday, as the nation's stock markets experienced a significant slump. This initiative marks a concerted effort by Beijing to counteract the negative sentiment impacting equities and the broader financial landscape. 
China's state-owned banks actively intervened in the foreign exchange market on Monday, as the nation's stock markets experienced a significant slump. This initiative marks a concerted effort by Beijing to counteract the negative sentiment impacting equities and the broader financial landscape. -
Market Watch: Bitcoin Dips Below $41K Amidst ETF Surge and Market Uncertainty
Bitcoin, the flagship cryptocurrency, is experiencing fluctuations, trading below the $41,000 threshold, amidst a backdrop of remarkable activity in the Bitcoin exchange-traded funds (ETFs) sector. The world's largest crypto asset by market capitalization saw a 2.62% decrease in value in a single day and a 4.38% loss over the past week, standing at $40,668.51 on Monday morning. 
Bitcoin, the flagship cryptocurrency, is experiencing fluctuations, trading below the $41,000 threshold, amidst a backdrop of remarkable activity in the Bitcoin exchange-traded funds (ETFs) sector. The world's largest crypto asset by market capitalization saw a 2.62% decrease in value in a single day and a 4.38% loss over the past week, standing at $40,668.51 on Monday morning. -
Bitcoin ETFs Gain Momentum, Experts Predict Next Move to Options
The recent debut of spot Bitcoin Exchange-Traded Funds (ETFs) on Wall Street has sparked a new wave of interest in cryptocurrency-based financial products. 
The recent debut of spot Bitcoin Exchange-Traded Funds (ETFs) on Wall Street has sparked a new wave of interest in cryptocurrency-based financial products. -
Bitcoin Plunges to $40,000 Amid Market Correction and ETF Launch Aftermath
The cryptocurrency market experienced a significant downturn, with Bitcoin retracting to $40,000, marking a stark contrast to its performance in the previous year. 
The cryptocurrency market experienced a significant downturn, with Bitcoin retracting to $40,000, marking a stark contrast to its performance in the previous year. -
BlackRock's Bitcoin ETF Surpasses $1 Billion Despite Market Downturn
On Thursday, BlackRock's Bitcoin ETF, known as IBIT, surpassed the $1 billion mark, becoming the first among the recently launched Bitcoin ETFs to exceed this milestone 
On Thursday, BlackRock's Bitcoin ETF, known as IBIT, surpassed the $1 billion mark, becoming the first among the recently launched Bitcoin ETFs to exceed this milestone -
US Mortgage Rates Hit Seven-Month Low, Sparking Homebuying Activity
The U.S. housing market has seen a significant boost as mortgage rates plummeted to their lowest levels in seven months, fueling a resurgence in buyer and seller activity. 
The U.S. housing market has seen a significant boost as mortgage rates plummeted to their lowest levels in seven months, fueling a resurgence in buyer and seller activity. -
U.S. Unemployment Claims Hit a 16-Month Low Amid Economic Resilience
According to the latest report from the Labor Department, jobless claims dropped to 187,000 for the week ending January 13, marking a decrease of 16,000 from the previous week. 
According to the latest report from the Labor Department, jobless claims dropped to 187,000 for the week ending January 13, marking a decrease of 16,000 from the previous week. -
IEA Contradicts OPEC Forecast, Predicts Ample Oil Supply in 2024 Amid Slow Demand Growth
The International Energy Agency (IEA) has released its first monthly oil market report of the year, projecting a considerably sufficient global oil supply for 2024, contradicting the previous day's prediction of supply tension by OPEC. 
The International Energy Agency (IEA) has released its first monthly oil market report of the year, projecting a considerably sufficient global oil supply for 2024, contradicting the previous day's prediction of supply tension by OPEC. -
Bitcoin Spot ETF Attracts Less Than $900 Million in First Three Days, Falling Short of High Expectations
According to data from digital asset management firm CoinShares, these Bitcoin spot ETFs saw a net inflow of $871 million in the first three days of trading. BlackRock led with an inflow of $723 million, followed by Fidelity with $545 million. However, Grayscale, an asset management company, experienced an outflow of $1.18 billion. 
According to data from digital asset management firm CoinShares, these Bitcoin spot ETFs saw a net inflow of $871 million in the first three days of trading. BlackRock led with an inflow of $723 million, followed by Fidelity with $545 million. However, Grayscale, an asset management company, experienced an outflow of $1.18 billion. -
Resilient Consumer Spending Boosts US Economy: Retail Sales Top Expectations in December
In a positive sign for the U.S. economy, retail sales in December outperformed expectations, increasing by 0.6% according to the Commerce Department. This rise in consumer spending, particularly in clothing and online nonstore businesses, surpassed the Dow Jones estimate of 0.4%, signaling a robust end to 2023. Excluding autos, sales rose by 0.4%, exceeding the forecasted 0.2%. 
In a positive sign for the U.S. economy, retail sales in December outperformed expectations, increasing by 0.6% according to the Commerce Department. This rise in consumer spending, particularly in clothing and online nonstore businesses, surpassed the Dow Jones estimate of 0.4%, signaling a robust end to 2023. Excluding autos, sales rose by 0.4%, exceeding the forecasted 0.2%.
