Jerry Lin

Jerry Lin

The Latest

  • Yen Plunges Below 150, Hits One-Year Low Amid Global Rate Concerns
    Yen
    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
    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
    American Food Company Kraft Heinz’ Second Largest Investor Sells Its 25 Million Shares
    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
    SIGN OF PEACE
    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
    China will deepen reforms of loan prime lending rate - central bank official
    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?
    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.
  • Bitcoin Soars Past $35,000: Is ETF Approval on the Horizon?
    CRYPTO FOR SHOPPING
    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
    Bitcoin
    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.
  • U.S. Budget Deficit Nears $1.7 Trillion Amid Economic Challenges and Political Tensions
    Huge budget defiicit
    The U.S. Treasury Department unveiled Friday that the federal budget deficit for the fiscal year ending September approached $1.7 trillion, a sharp 23% increase from the previous year. This escalation underscores the nation's continued financial struggles despite optimistic predictions and measures to address the fiscal health.
  • China Tightens Grip on Critical Battery Material, Sending Shockwaves in Global Tech and Auto Sectors
    SOLID EXPORTS
    In a move that has caught the global industry off guard, China, the world's foremost producer and exporter of graphite, a crucial component for electric vehicle (EV) batteries, has initiated tighter controls on its export. This strategic maneuver by Beijing comes amidst intensifying geopolitical tensions and mounting external pressures on Chinese industrial practices.
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