EUR/USD
1.16961
0.049%
Gold
4553.47
0.658%
Oil
99.677
-2.614%
USD/JPY
157.857
0.384%
GBP/USD
1.35500
0.143%
GBP/JPY
213.901
0.542%
Real-time News
According to the Wall Street Journal: Trump is pressuring the FDA commissioner to approve flavored e-cigarettes, urging regulators to clear obstacles for the e-cigarette agenda of young "Make America Great Again" voters.May 6th - A 5.0-magnitude earthquake struck the Tumbes region of northwestern Peru on the morning of May 5th, local time. According to the Peruvian Geophysical Institute, the earthquake occurred at 10:58 AM local time, with a depth of 55 kilometers. The epicenter was located approximately 13 kilometers northeast of Zoritos, Peru. As of now, there are no reports of casualties or significant property damage.Former US Treasury Secretary Mnuchin: If the economy falls into recession, interest rates will be lowered to 1%.Iranian Oil Minister: Irans crude oil production did not decrease during the war.On May 6th, the U.S. Securities and Exchange Commission (SEC) proposed on Tuesday to end the requirement for quarterly financial reporting by companies listed in the U.S., allowing them to switch to semi-annual reporting. This idea was first raised by President Trump during his first term and became a government priority again last September. SEC Chairman Atkins stated in a statement on Tuesday, "The rigidity of SEC rules prevents companies and their investors from determining the optimal frequency of interim reporting for their business needs and investors." This move has received support from many companies and investment banks such as JPMorgan Chase, who argue that quarterly reporting places a heavy and costly burden on businesses. They also stated that quarterly reporting fosters short-termism, sacrifices long-term planning, and is one of the factors contributing to the sharp decline in the number of publicly traded companies in the U.S. over the past decade.
