Real-time News

US President Trump: New York City must immediately stop collecting the second home tax.

August 11th - With strong demand for cooling and preservation, the ice-making industry has entered its peak production season. Ice plants in many regions are operating at full capacity, experiencing robust production and sales. In Jiashan, Zhejiang, a highly automated "ice factory" is running at full speed, producing various edible ice products to supply supermarkets, convenience stores, and new tea beverage brands in East China. It is reported that the company opened a new factory this year, extending the melting time of ice balls to about 3 hours, and increasing daily production capacity from 150 tons last year to 170 tons. Data shows that as of August 2026, there are already 42,900 ice-related enterprises in China. 11,900 new enterprises were registered in 2025, an increase of 62.08% year-on-year, setting a new high in nearly ten years.

US President Trump: An investigation is underway into whether the federal government has the authority to block Mandani from imposing a "second home tax" in New York City.

US President Trump: New York City’s apartment tax is a dangerous experiment.

On August 11th, the official WeChat account of the Luzhou Municipal Liquor Industry Association announced that its Baijiu Standardization Committee had ceased operations and activities since its establishment, rendering its continued existence unnecessary. To standardize the management of the association's organizations, it was decided to cancel the Baijiu Standardization Committee of the Luzhou Municipal Liquor Industry Association.

The number of officially unemployed people in Mexico in July was 19,550.

The New York Federal Reserve's quarterly report showed that household loan defaults in the United States have improved.

On August 11th, it was reported that the "15th Five-Year Plan for Urban Renewal" identified 23 key tasks, covering aspects such as cultivating and strengthening new drivers of urban development, promoting the green and low-carbon transformation of urban development, and enhancing urban safety and resilience. During the 15th Five-Year Plan period, urban renewal is expected to complete an investment of 15 trillion yuan. Firstly, government funding for urban renewal continues to increase. This year, the central government budget allocated 97 billion yuan specifically for urban renewal, and 160 billion yuan was allocated through ultra-long-term special treasury bonds to specifically support underground pipeline construction. Secondly, social capital is actively participating. For projects like the renewal of neighborhoods, factories, and industrial parks—projects that can achieve stable returns through professional operation—social capital will actively participate. Bank loans, real estate investment trusts, and asset securitization tools will further enrich funding sources. Ordinary residents are also a key player; for projects such as installing elevators in old walk-up buildings and self-renovation of dilapidated houses (demolition and reconstruction), the principle of "whoever benefits, pays" applies, and residents' self-funding is indispensable.

Market news: A U.S. court has supported the expedited deportation of immigrants granted parole.

President of Libya's National Oil Corporation: The Zawiya refinery in Libya has resumed operations.

Market news: The American Civil Liberties Union (ACLU) and other legal groups have asked a U.S. judge to block Trump's latest move to restrict "birthright citizenship".

August 11th - According to China Southern Power Grid, at 5:16 PM on August 11th, the power load of the Southern Power Grid exceeded 278 million kilowatts, setting a new historical record for the fifth time this year. At noon that day, the peak power load in Guangdong Province reached 176 million kilowatts, setting a new record for the fourth time this year. Cities such as Yangjiang, Shantou, Jieyang, and Chaozhou in Guangdong Province also set new historical records for power load. China Southern Power Grid predicts that the power load will remain high in August, with the peak load potentially reaching 283 million kilowatts, a 12.9% increase compared to the same period last year.

Atlanta Fed First Vice President Vinabull: The Fed’s inflation and employment mandates face “delicate risks.”

Atlanta Fed First Vice President Vinabull: The understanding of maximum employment is affected by the fact that labor supply has stalled, which is an "unusual situation" for the United States.

Intercontinental Exchange London cocoa futures fell nearly 6% to £4,038 per tonne.

Atlanta Fed First Vice President Vinabble: The core question is whether price pressures will ease in the coming months, and that largely depends on the outcome of the Middle East conflict.

Atlanta Fed First Vice President Vinabble: The labor market is generally stable.

Atlanta Fed First Vice President Vinabble: Inflation is too high, and contacts in the Southeast have conveyed the same message.