Real-time News

South Korea's unemployment rate was 2.8% in April, compared to an expected 2.7% and a previous reading of 2.70%.

US President Trump posted a picture on social media showing Venezuela becoming the 51st state of the United States.

According to sources familiar with the matter, chipmaker Cerebras Systems is telling potential investors that it expects its IPO to be priced above the upper end of its previously announced price range, as investor demand for the stock surges.

1. The Russian Ministry of Economy lowered its forecasts for oil production and exports for 2026-2029. 2. Kremlin spokesperson: A visit by Trump to Russia is not currently on the agenda. 3. Russia claims successful test launch of the Sarmat missile; the first missile regiment will be on combat duty by the end of the year. 4. Russian Ministry of Defense: Russian forces continue special military operations after the ceasefire agreement with Ukraine expired. 5. Ukrainian Foreign Minister: The US has not delayed arms supplies under the "Ukraine Priorities List" (PURL) program. 6. Trump: The Russia-Ukraine conflict will end soon. No consensus has been reached with Putin; Russia should not acquire the Donbas region. 7. Zelensky: Ukraine attacked a gas facility in Russia's Orenburg region, more than 1,500 kilometers from Ukraine.

On May 13, S&P Global Ratings downgraded Mexico's credit rating outlook from "stable" to "negative," citing continued weak fiscal performance, rising debt levels, and sluggish economic growth. However, it maintained Mexico's BBB rating, two notches above junk status. Mexico is nearing the loss of its highly regarded investment-grade rating. S&P's current rating is in line with Moody's, while Fitch has placed Mexico's rating just one notch above junk status with a stable outlook. If two of the three major rating agencies downgrade Mexico to junk status, some fund managers will be forced to sell Mexican government bonds. S&P stated, "The negative outlook reflects the risk of extremely slow progress in fiscal consolidation, primarily due to sluggish economic growth, leading to a faster-than-expected increase in government debt levels and increased interest burdens." Mexican President Sinbaum has devised a bailout plan for the state-owned oil company, Pemex. S&P stated that continued government support for the company "will continue to exacerbate the rigidity of Mexico's fiscal structure." Furthermore, uncertainty stemming from this year's review of the USMCA is also dampening investor sentiment.

Total Energy Services: If commodity prices continue to rise, it is expected to boost increased industry activity in North America.

Total Energy Services: Global uncertainty and commodity price volatility continued to weigh on drilling and completion activities in North America during the first quarter. The company ceased its well services operations in the United States in January 2026, and the vast majority of its operating equipment was sold in February.

According to The Information, Anthropic is in talks to acquire Stainless, a development tools startup whose products are used by OpenAI and Google.

According to The New York Times: A recent assessment shows that Iran still retains operational capability at 30 of its 33 missile sites along the Strait of Hormuz, indicating that Iran's military strength is far greater than Trump claims.

According to South Korean media outlet News1, the South Korean Defense Minister stated that he discussed wartime command and nuclear submarine issues with U.S. Defense Secretary Hergsays.

S&P: The negative rating outlook reflects the possibility that persistently weak fiscal performance could lead to a faster-than-expected rise in Mexico's government debt levels. Budgetary constraints in Mexico are expected to result in a very slow process of fiscal consolidation.

S&P expects trade relations between Mexico and the United States to remain strong. Uncertainty surrounding the renegotiation of free trade agreements is dampening investor sentiment.

S&P downgraded Mexico's rating outlook to "negative" due to reduced fiscal flexibility, while affirming its "BBB" foreign currency rating.

Iranian reports indicate that another earthquake has struck Tehran, Iran.

On May 13, Egyptian Prime Minister Madbouly stated on May 12 that relations between Egypt and China maintain a strong momentum of development, and Egypt hopes to further strengthen the comprehensive strategic partnership between the two countries. Madbouly spoke highly of the significant progress made in Egypt-China economic cooperation, particularly in investment, trade, and tourism, and noted the fruitful results of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone, highlighting the important role Chinese enterprises played in the infrastructure projects of the new administrative capital.

Nvidia (NVDA.O) will hold its annual online conference on June 24.

May 13 - According to SEC filings, Nvidia (NVDA.O) President and CEO Jensen Huang's total compensation for fiscal year 2026 is $36.3 million.

On May 13th, U.S. chip stocks experienced one of their toughest trading days of the year on Tuesday, with some of the market's best-performing stocks experiencing dramatic reversals. Broadcom (AVGO.O), Intel (INTC.O), and Micron Technology (MU.O) were among the five worst-performing stocks in the S&P 500 and Nasdaq 100 indices. The Philadelphia Semiconductor Index, which has risen more than 60% year-to-date, fell as much as 6.8% intraday, its biggest intraday drop in over a year, before ultimately closing down 3%. Almost all of its components closed lower, with Qualcomm (QCOM.O) leading the decline with an 11.4% drop. The only gainer was Nvidia (NVDA.O), which has underperformed the sector as a whole this year. Murphy, co-head of derivatives strategy at Susquehanna International, said, "The historic rally in chipmakers can't last forever. This sell-off was due long ago after the incredible surge, but because the market is still gripped by FOMO, this pain may not last long."

U.S. crude oil inventories at Cushing, Oklahoma, fell by 1.755 million barrels in the week ending May 8, compared with a previous week's decrease of 1.045 million barrels.

U.S. API distillate fuel inventories fell by 319,000 barrels in the week ending May 8, compared with an expected decrease of 2.995 million barrels and a previous decrease of 4.642 million barrels.