Real-time News

Tesla has met Musk's standard for "safe self-driving".

Kazakhstan's oil and gas condensate production in April increased by 16% compared to March, reaching 2.17 million barrels per day.

On May 4th, former New York Fed President Dudley stated that Jerome Powell's decision to remain on the Fed Board after stepping down as chairman will help reassure Wall Street and the public amid pressure from President Trump to lower interest rates. "The Fed has been relentlessly attacked by the president, and its independence has been questioned," Dudley said. "Powell believes that his continued presence at the Fed actually strengthens the perception of the Fed's independence. I think it's a wise move for him to stay if he wants." Powell's term on the Fed Board runs until 2028, and his decision to remain on the board after stepping down as chairman on May 15th is unusual in Fed history. Trump's nominee, Warsh, has offered reasons to support the president's sought-after rate cuts. However, traders are no longer betting on any rate cuts this year, and Dudley also stated that the case for monetary easing is "weak."

On May 4th, the Canadian government announced a C$1 billion (approximately US$734.65 million) loan program to provide assistance to industries affected by U.S. tariffs. In a statement, the government said, "This program will target industries that produce and export products containing steel, aluminum, or copper." The statement added that the loan will be disbursed through the Canadian Development Bank. In addition, the government announced C$500 million in funding for regional development agencies to support all industries affected by tariffs.

European Central Bank Banking Supervision Committee Chairman Buch: Lowering capital requirements may only lead to increased distributions to shareholders, rather than more loans.

Electronic Arts and Visa have launched a new partnership.

U.S. factory orders excluding transportation rose 1.6% month-on-month in March, revised from 1.20% in the previous month.

U.S. durable goods orders rose 0.8% month-on-month in March, compared with 0.80% in the previous month.

On May 4th, the UAE Ministry of Foreign Affairs issued a statement condemning Iran's attack on a vessel belonging to the Abu Dhabi National Oil Company (ADNOC) transiting the Strait of Hormuz using two drones. The statement indicated that the vessel was attacked by two drones while transiting the strait, but no casualties were reported. The UAE emphasized that Iran must cease its attacks, fully commit to ending all hostile actions, and completely and unconditionally reopen the Strait of Hormuz to achieve regional security and the stability of the global economy and trade.

Ukrainian President Volodymyr Zelenskyy met with Georgian Prime Minister Boris Kobakhidze in Armenia.

Norwegian Cruise Line (NCLH.N) extended its losses after releasing its earnings report, hitting an intraday low and plunging 9%.

Ukrainian police raided dozens of recruitment officials on suspicion of corruption.

Spirit Airlines' off-exchange shares fell to a record low, last trading at $0.13, a drop of 87.6%.

Romanian President: The US decision to withdraw troops from Germany is not surprising.

BlackBerry shares rose 13%, reaching their highest level since February 2025.

Brazil's National Petroleum Institute (NPC) reported that Brazil's oil and gas production reached 5.53 million barrels of oil equivalent per day in March.

Intel (INTC.O): Katuzian joins Qualcomm Technologies.