Jonathan Wong
The Latest
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Will the Bank of Japan Make Its Move this Week? Despite Market Skepticism, UBS Believes it Will!
The Bank of Japan is set to release its quarterly economic report and policy statement this week. Ahead of this pivotal interest rate decision, the market is embroiled in fierce speculation over whether the Bank of Japan will launch another surprise move. 
The Bank of Japan is set to release its quarterly economic report and policy statement this week. Ahead of this pivotal interest rate decision, the market is embroiled in fierce speculation over whether the Bank of Japan will launch another surprise move. -
WorldCoin Launches Globally: A Crypto Project Aimed at AI-Human Differentiation Sees 90% Surge on Day One
OpenAI co-founder Sam Altman's long-awaited project WorldCoin, a Web3 crypto initiative, has officially launched. Conceived three years ago, it is touted as a potential identity solution for the AI era. 
OpenAI co-founder Sam Altman's long-awaited project WorldCoin, a Web3 crypto initiative, has officially launched. Conceived three years ago, it is touted as a potential identity solution for the AI era. -
The Dollar's Plunge: Can it Continue in Light of Europe's Struggling Economy and the 'Most Expensive' Euro in History?
The weakening of the US dollar index might be linked to the Euro hitting a historical high. However, given the unfavorable outlook for the European economy, it might be challenging for this trend to endure. 
The weakening of the US dollar index might be linked to the Euro hitting a historical high. However, given the unfavorable outlook for the European economy, it might be challenging for this trend to endure. -
Former Fed Chair Bernanke Foresees Possible Last Rate Hike in July Amid Cooling Inflation
Former U.S. Federal Reserve Chairman Ben Bernanke suggested on Thursday that the Federal Reserve is likely to raise interest rates in July, which may be the final hike in the current cycle. Bernanke implied that it seems quite evident that the Fed will increase rates by 25 basis points at its next meeting, and this July increase might be the last one. 
Former U.S. Federal Reserve Chairman Ben Bernanke suggested on Thursday that the Federal Reserve is likely to raise interest rates in July, which may be the final hike in the current cycle. Bernanke implied that it seems quite evident that the Fed will increase rates by 25 basis points at its next meeting, and this July increase might be the last one. -
Saudi Arabia, UAE, and Other OPEC Nations to Expand Production Despite $20 per Barrel Prices
Even if international crude oil prices plummet to $20 per barrel, five major Middle Eastern oil-producing nations - Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Iran, and Iraq - could possibly still break even, continuing to expand supply and potentially emerge as the ultimate winners in the global oil market. 
Even if international crude oil prices plummet to $20 per barrel, five major Middle Eastern oil-producing nations - Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Iran, and Iraq - could possibly still break even, continuing to expand supply and potentially emerge as the ultimate winners in the global oil market. -
Tesla's Grit in the Global Price War: Profits Shrink but Musk Remains Confident
After a year-long "global price war," Tesla's gross margin has dropped from 25% in the same period last year to 18.2% in this year's Q2. Its profitability has been significantly squeezed, but Elon Musk seems to maintain considerable confidence. 
After a year-long "global price war," Tesla's gross margin has dropped from 25% in the same period last year to 18.2% in this year's Q2. Its profitability has been significantly squeezed, but Elon Musk seems to maintain considerable confidence. -
Tesla Slips as Cybertruck and Robotaxi Details Remain Elusive in Earnings Call
Moreover, Musk and other Tesla executives indicated that production is expected to decline in the third quarter due to summer factory upgrades, which led to a roughly 4% dip in the company's stock price after trading hours. 
Moreover, Musk and other Tesla executives indicated that production is expected to decline in the third quarter due to summer factory upgrades, which led to a roughly 4% dip in the company's stock price after trading hours. -
No More Stocks: Proposed U.S. Legislation Seeks to Prohibit Stock Trading by Government Officials
In an attempt to reduce potential conflicts of interest, U.S. Senators are set to introduce a bill this week that will explicitly prohibit members of Congress and federal government "public servants" from trading individual stocks. 
In an attempt to reduce potential conflicts of interest, U.S. Senators are set to introduce a bill this week that will explicitly prohibit members of Congress and federal government "public servants" from trading individual stocks. -
Netflix's Strategic Shifts Pay Off: Basic Plan Axed, Password-Sharing Crackdown, and a Surge in Subscribers
In a strategic move that has paid off, Netflix has stopped offering its basic membership plan in the US and has begun to crack down on password sharing. These changes have led to a surge in new subscribers, with the company adding 5.9 million new paid subscribers in the second quarter, beating Wall Street expectations. 
In a strategic move that has paid off, Netflix has stopped offering its basic membership plan in the US and has begun to crack down on password sharing. These changes have led to a surge in new subscribers, with the company adding 5.9 million new paid subscribers in the second quarter, beating Wall Street expectations. -
U.S. Strategic Oil Reserves at 40-Year Low, Refilling Could Be Costly and Time-Consuming
Simultaneously, given that the U.S.'s strategic oil reserves are at a forty-year low, the American economy may be more susceptible to shocks from oil price fluctuations. Some analysts assert this means that, should domestic crude oil supply shrink, the U.S. could become largely dependent on oil exporting countries such as Saudi Arabia and Russia. 
Simultaneously, given that the U.S.'s strategic oil reserves are at a forty-year low, the American economy may be more susceptible to shocks from oil price fluctuations. Some analysts assert this means that, should domestic crude oil supply shrink, the U.S. could become largely dependent on oil exporting countries such as Saudi Arabia and Russia.
