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Real-time News
On June 26, according to Irans Press TV, US President Trump has again ordered that all Iraqi oil revenues controlled by Iraq be deposited into accounts at the Federal Reserve Bank of New York. Executive Order 13303 was originally signed after the US military action against Iraq in 2003 and has been renewed annually since, always citing "national security" as the reason. The White House has not issued a press release on this matter, but Trump sent a formal notification to Congress on May 4 regarding the extension of the order. In the formal notification, Trump stated: "The various obstacles hindering the orderly reconstruction of Iraq, the restoration and maintenance of domestic peace and security, and the development of political, administrative, and economic institutions continue to pose an exceptionally significant threat to US national security and foreign policy. Therefore, this Executive Order must remain in effect beyond May 22, 2026."According to Iranian state television, three foreign oil tankers that attempted to pass through the Strait of Hormuz "without authorization" were forced to turn back after warnings from the Iranian Revolutionary Guard Navy.On June 26, State Councilor Chen Yiqin conducted research in Jiangxi Province from June 23 to 26 on employment, sports, and other related work. She emphasized the need to thoroughly study and implement the spirit of General Secretary Xi Jinpings important speeches, earnestly implement the decisions and deployments of the Party Central Committee and the State Council, resolutely implement the employment-first strategy, actively promote the high-quality development of the sports industry, accelerate the cultivation of more new growth points, and strive to achieve a virtuous cycle of increased residents income, expanded domestic demand, and economic development. Chen Yiqin pointed out that it is necessary to strengthen the employment-first policy, accelerate the implementation of the action plan to stabilize, expand, and improve employment, support industries and enterprises with strong employment absorption capacity to stabilize jobs, and make every effort to ensure employment for key groups such as college graduates and migrant workers. She stressed the need to scientifically grasp and proactively adapt to changes in the employment situation, carry out large-scale vocational skills training programs, continuously improve the public employment service system, and cultivate new occupations and positions around the development of emerging and future industries to better promote employment and income growth for the masses.A Reuters poll shows that for the first time since 2023, more economists are predicting that the Federal Reserve will raise interest rates rather than cut them.A Reuters poll showed that 78 of the 102 economists surveyed expect the Federal Reserve to keep the federal funds rate unchanged at 3.50% to 3.75% in 2026, compared to 72 of the 102 economists surveyed in early June.

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2026/06/26
Important Only
  • 19:05:59

    On June 26, according to Iran's Press TV, US President Trump has again ordered that all Iraqi oil revenues controlled by Iraq be deposited into accounts at the Federal Reserve Bank of New York. Executive Order 13303 was originally signed after the US military action against Iraq in 2003 and has been renewed annually since, always citing "national security" as the reason. The White House has not issued a press release on this matter, but Trump sent a formal notification to Congress on May 4 regarding the extension of the order. In the formal notification, Trump stated: "The various obstacles hindering the orderly reconstruction of Iraq, the restoration and maintenance of domestic peace and security, and the development of political, administrative, and economic institutions continue to pose an exceptionally significant threat to US national security and foreign policy. Therefore, this Executive Order must remain in effect beyond May 22, 2026."

  • 19:01:16

    According to Iranian state television, three foreign oil tankers that attempted to pass through the Strait of Hormuz "without authorization" were forced to turn back after warnings from the Iranian Revolutionary Guard Navy.

  • 19:00:30

    On June 26, State Councilor Chen Yiqin conducted research in Jiangxi Province from June 23 to 26 on employment, sports, and other related work. She emphasized the need to thoroughly study and implement the spirit of General Secretary Xi Jinping's important speeches, earnestly implement the decisions and deployments of the Party Central Committee and the State Council, resolutely implement the employment-first strategy, actively promote the high-quality development of the sports industry, accelerate the cultivation of more new growth points, and strive to achieve a virtuous cycle of increased residents' income, expanded domestic demand, and economic development. Chen Yiqin pointed out that it is necessary to strengthen the employment-first policy, accelerate the implementation of the action plan to stabilize, expand, and improve employment, support industries and enterprises with strong employment absorption capacity to stabilize jobs, and make every effort to ensure employment for key groups such as college graduates and migrant workers. She stressed the need to scientifically grasp and proactively adapt to changes in the employment situation, carry out large-scale vocational skills training programs, continuously improve the public employment service system, and cultivate new occupations and positions around the development of emerging and future industries to better promote employment and income growth for the masses.

  • 18:45:55

    A Reuters poll shows that for the first time since 2023, more economists are predicting that the Federal Reserve will raise interest rates rather than cut them.

  • 18:45:37

    A Reuters poll showed that 78 of the 102 economists surveyed expect the Federal Reserve to keep the federal funds rate unchanged at 3.50% to 3.75% in 2026, compared to 72 of the 102 economists surveyed in early June.

  • 18:44:27

    A Reuters poll: The median poll indicates that the Federal Reserve will keep the federal funds rate in the range of 3.50% to 3.75% until the end of 2027 (while a poll in early June indicated a rate cut).

  • 18:43:36

    On June 26th, the Chinese and EU teams held intensive consultations this week to discuss China-EU trade and economic issues, preparing for the first meeting of the China-EU trade and investment consultation mechanism. It is understood that the EU has clearly lacked sincerity in the negotiations, and is even preparing to engage in trade war while negotiating, brewing a series of more protectionist measures. This raises concerns that a China-EU trade war may be imminent. It is reported that China has been committed to consultations and dialogue with the EU, but is also prepared to take resolute and necessary countermeasures at any time. Against this backdrop, the situation in China-EU trade and economic relations seems to be becoming more complex, and the differences between the two sides may escalate further. More worryingly, the EU has indicated that bilateral consultations will not affect the EU's plans to use existing trade and economic tools and to develop new ones. This means that a continued escalation of trade frictions between China and the EU seems inevitable in the future.

  • 18:35:36

    Citigroup raised its price target for Delta Air Lines (DAL.N) from $79 to $106.

  • 18:35:28

    Citigroup raised its price target for American Airlines (AAL.O) from $14 to $22.

  • 18:34:32

    On June 26, the State Council announced the appointment and removal of state personnel. Yue Xiuhu was appointed Vice Chairman of the National Development and Reform Commission; Zhang Guangjun was appointed Vice Minister of Science and Technology; Luo Tianshu was appointed Deputy Director of the State Administration of Taxation; and Hu Jinyang was appointed Deputy Director of the China International Development Cooperation Agency. Guan Zhi'ou was removed from his post as Chief Inspector of Natural Resources; and Bian Zhigang was removed from his post as Deputy Director of the State Administration of Science, Technology and Industry for National Defense.

  • 18:34:01

    Sources say Apple (AAPL.O) is working closely with the Tata Group on short-term and long-term measures following the incident.

  • 18:33:43

    Sources say Apple (AAPL.O) supplier Tata Electronics has tightened security controls and restricted employee access to internal systems following the data breach.

  • 18:32:50

    A spokesperson for the European Commission said that EU Executive Vice President for Technological Sovereignty, Security and Democracy, Jan Verkunin, will hold a conference call with Apple CEO Tim Cook on Monday.

  • 18:25:05

    According to the Wall Street Journal, South Korea will provide drone operation training to all active-duty soldiers.

  • 18:20:35

    Hungarian Finance Minister: The biggest challenge in meeting the criteria for joining the Eurozone will be getting the fiscal deficit and government debt back on track.

  • 18:03:38

    Italy's non-EU trade balance was €3.843 billion in May, compared with €3.85 billion in the previous month.

  • 17:57:46

    June 26 - TASS reported on Friday, citing Russian Deputy Prime Minister Novak, that Russian authorities are considering a multi-month ban on diesel exports from fuel producers. Ukraine stated that its long-range drone strikes against Russian energy facilities were aimed at weakening a key source of Russian military funding and pushing the conflict onto Russian soil. Russian President Putin stated that such attacks on civilian infrastructure are intended to incite internal discord among the population. Although Russian diesel production fell by about 10% in May, exports remained largely unchanged as traders scrambled to profit from soaring fuel prices driven by tensions surrounding the US-Israel conflict in Iraq. In May, Turkey and Brazil continued to dominate Russian diesel purchases, absorbing most of the available spot supply.

  • 17:55:02

    Barclays raised its price target for Micron Technology (MU.O) from $1,175 to $2,000.

  • 17:54:42

    Barclays raised its price target for Qualcomm (QCOM.O) from $150 to $245.

  • 17:48:44

    Hungarian Prime Minister Majol: Hungary's national recovery plan has been included in the agenda of the EU Council meeting on July 10, but is pending approval.

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