Jerry Lin
The Latest
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Rising Gold Prices: A Mixed Blessing for Jewelry Brands?
As gold prices continue to rise, the impact on consumer demand for gold jewelry is complex, potentially suppressing demand for decorative pieces while boosting interest in pure gold coins and bars. Despite the macroeconomic downturn and geopolitical conflicts, gold consumption in 2023 has so far mirrored its 2022 performance. 
As gold prices continue to rise, the impact on consumer demand for gold jewelry is complex, potentially suppressing demand for decorative pieces while boosting interest in pure gold coins and bars. Despite the macroeconomic downturn and geopolitical conflicts, gold consumption in 2023 has so far mirrored its 2022 performance. -
Indo-Pacific Economic Framework Stumbles: No Trade Agreement Reached Among 14 Nations at APEC
Since Donald Trump's presidency, signing new free trade agreements has become an operation U.S. leaders tend to avoid. Free trade agreements, and most trade agreements in general, are seen by many voters as detrimental to U.S. interests and a reducer of American jobs. 
Since Donald Trump's presidency, signing new free trade agreements has become an operation U.S. leaders tend to avoid. Free trade agreements, and most trade agreements in general, are seen by many voters as detrimental to U.S. interests and a reducer of American jobs. -
Binance and Gulf Energy Set to Launch Thailand Crypto Exchange in 2024
In a significant move for the cryptocurrency market in Thailand, Binance, a leading global cryptocurrency exchange, is partnering with Gulf Energy Development, one of Thailand's major energy companies, to launch a new crypto exchange. 
In a significant move for the cryptocurrency market in Thailand, Binance, a leading global cryptocurrency exchange, is partnering with Gulf Energy Development, one of Thailand's major energy companies, to launch a new crypto exchange. -
Xi Jinping's Outreach to U.S. Business Meets Skepticism Amid Joe Biden's Cautious Reset with China
Chinese President Xi Jinping's recent visit to the U.S., his first in six years, symbolized a concerted effort to rekindle business ties with American investors and companies. However, his charm offensive faces skepticism amid concerns about China's shifting political landscape and business environment. 
Chinese President Xi Jinping's recent visit to the U.S., his first in six years, symbolized a concerted effort to rekindle business ties with American investors and companies. However, his charm offensive faces skepticism amid concerns about China's shifting political landscape and business environment. -
Bitcoin Nears $38K Peak as Crypto Market Rallies, Analysts Optimistic Despite Regulatory Hurdles
The cryptocurrency market experienced a robust rebound, with Bitcoin (BTC) approaching a new 18-month high, nearly touching $38,000, a significant recovery from its dip below $35,000 on Tuesday. Ether (ETH) also saw a notable increase, surpassing the $2,000 mark after a brief drop to around $1,900. This resurgence highlights the market's resilience and investor confidence, even amid regulatory uncertainties and global economic fluctuations. 
The cryptocurrency market experienced a robust rebound, with Bitcoin (BTC) approaching a new 18-month high, nearly touching $38,000, a significant recovery from its dip below $35,000 on Tuesday. Ether (ETH) also saw a notable increase, surpassing the $2,000 mark after a brief drop to around $1,900. This resurgence highlights the market's resilience and investor confidence, even amid regulatory uncertainties and global economic fluctuations. -
OPEC Raises Oil Demand Forecast for 2023 Amid Economic Boost from China
The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand forecast for 2023 upwards, maintaining its 2024 projections. In its November report released on November 13, OPEC increased the global oil demand growth rate for 2023 from 2.44 million barrels per day, as estimated last month, to 2.5 million barrels per day. The growth rate for 2024 remains unchanged at 2.25 million barrels per day. 
The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand forecast for 2023 upwards, maintaining its 2024 projections. In its November report released on November 13, OPEC increased the global oil demand growth rate for 2023 from 2.44 million barrels per day, as estimated last month, to 2.5 million barrels per day. The growth rate for 2024 remains unchanged at 2.25 million barrels per day. -
Bitcoin Millionaire Wallets Soar as BTC Navigates Market Volatility
In a remarkable financial trend this year, the number of Bitcoin millionaire wallets has witnessed a staggering 237% increase, now totaling over 81,000. This surge aligns with Bitcoin's recent market performance, where it crossed the $37,000 mark, sparking a frenetic rally. However, despite this uptick, Bitcoin's price trajectory shows signs of volatility and uncertainty about future growth. 
In a remarkable financial trend this year, the number of Bitcoin millionaire wallets has witnessed a staggering 237% increase, now totaling over 81,000. This surge aligns with Bitcoin's recent market performance, where it crossed the $37,000 mark, sparking a frenetic rally. However, despite this uptick, Bitcoin's price trajectory shows signs of volatility and uncertainty about future growth. -
EU Eyes New Revenue Streams to Ease Budget Strain and Fund Recovery Plan
The European Parliament has paved the way for new sources of income for the European Union's budget, known as the "Own Resources Decision." On November 9, the decision was approved with 399 votes in favor, 138 against, and 61 abstentions. Armin Wisdorff, a member of the EU Budget Committee, expressed hope that the EU Council members would promptly approve the bill. 
The European Parliament has paved the way for new sources of income for the European Union's budget, known as the "Own Resources Decision." On November 9, the decision was approved with 399 votes in favor, 138 against, and 61 abstentions. Armin Wisdorff, a member of the EU Budget Committee, expressed hope that the EU Council members would promptly approve the bill. -
Moody's Lowers Outlook on U.S. Credit Rating to Negative Amid Rising Interest Rates and Political Polarization
Moody's Investors Service has downgraded the outlook for the U.S. government's credit rating from stable to negative on November 10, while maintaining its long-term issuer and senior unsecured ratings at AAA. The downgrade reflects concerns over the U.S. government's failure to address fiscal deficits amid rising interest rates, increasing the risks to the nation's finances. 
Moody's Investors Service has downgraded the outlook for the U.S. government's credit rating from stable to negative on November 10, while maintaining its long-term issuer and senior unsecured ratings at AAA. The downgrade reflects concerns over the U.S. government's failure to address fiscal deficits amid rising interest rates, increasing the risks to the nation's finances. -
World's Largest Bank ICBC's U.S. Operations Falter Amid Ransomware Siege
In a significant cybersecurity breach, the U.S. unit of the Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, suffered a ransomware attack that disrupted its operations, including trades in the U.S. Treasury market. The attack is the latest in a series of high-profile targets hit by ransomware, an aggressive form of cybercrime that has plagued various sectors across the globe. 
In a significant cybersecurity breach, the U.S. unit of the Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, suffered a ransomware attack that disrupted its operations, including trades in the U.S. Treasury market. The attack is the latest in a series of high-profile targets hit by ransomware, an aggressive form of cybercrime that has plagued various sectors across the globe.
