Oil jumps above US$107 as Asia sells off, Fed and BOJ rate decisions now collide with a fresh energy shock Markets are opening the week under renewed pressure. Brent crude has jumped about 3% to above US$107 , Asian equities are falling sharply, and U.S. Treasury yields remain close to 5%. At the same time, investors are preparing for possible rate hikes from both the Federal Reserve and Bank of Japan this week . For investors, the central question has become: Can central banks contain inflation without causing a much larger slowdown when energy prices are surging at the same time? 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,656.98, +0.86% Friday 🇺🇸 Dow Jones +0.98% Friday 🇺🇸 Nasdaq +0.96% Friday 🇲🇾 FBM KLCI 1,686.74, -1.10% Friday 🇯🇵 Nikkei -1.7% Monday morning 🇰🇷 Kospi -3.3% Monday morning 🌏 MSCI Asia ex-Japan -0.8% 🛢️ Brent crude ~US$107.36, +2.6% 🛢️ WTI crude ~US$102.48, +2.4% 🇺🇸 U.S. 10Y Treasury ~4.97% 🥇 Gold ~US$4,336...
Gold Card to Replace EB-5 Visa Program
- Trump announced plans to replace the EB-5 investor visa program with a new "Gold Card" priced at US$5 million as a route to U.S. citizenship.
- The EB-5 program currently grants green cards to foreign investors who create or preserve U.S. jobs.
- The new Gold Card would offer green card privileges and a direct path to U.S. citizenship.
Trump’s Justification for the Change
- Trump called the EB-5 program "full of nonsense, make-believe, and fraud", arguing it was a cheap way to obtain U.S. residency.
- Commerce Secretary Howard Lutnick said the new plan would ensure only wealthy investors gain U.S. entry.
Potential Eligibility & Controversy
- When asked if Russian oligarchs could qualify, Trump responded, "Yeah, possibly. I know some Russian oligarchs that are very nice people."
- Critics may question whether the policy favors ultra-wealthy elites over job-creating investors.
What’s Next?
- Trump said full details of the Gold Card program will be released in two weeks.
Summary:
- Trump proposes replacing the EB-5 visa with a US$5 million "Gold Card" that grants green card privileges and a path to citizenship.
- Move aims to attract ultra-wealthy investors while eliminating alleged fraud in the EB-5 program.
- Russian oligarchs and other foreign elites may be eligible, raising potential controversy.
- More details to be announced in two weeks.
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