Real-time News

The Premier of Saskatchewan, Canada: With the August 19 tariff deadline approaching, negotiations between Canada and the United States have clearly heated up in the past few weeks.

The Premier of Saskatchewan, Canada, stated that both sides need to maintain a broader objective in the Canada-US trade negotiations, namely reviewing and updating the USMCA (United States-Mexico-Canada Agreement).

On August 14th, Freddie Mac reported that the average interest rate for a 30-year fixed mortgage in the United States fell to 6.67% from 6.69% a week earlier, ending a five-week streak of increases, but still remaining at its highest level in over a year. Latest data shows that the US job market is cooling, and the impact of the Iran war on inflation may be weaker than previously expected. US price increases slowed for the second consecutive month in July, with energy, gasoline, and food prices all declining from the previous month, and underlying inflation indicators falling to a five-year low. Combined with the jobs report, the market believes that US economic data is easing pressure on the Federal Reserve to raise interest rates in the coming months, with investors expecting a 25 basis point rate hike in September to decrease from 48% to 38%. However, stalled negotiations in the Strait of Hormuz have raised concerns about persistently high oil prices, and high interest rates and economic uncertainty continue to suppress housing demand. Data shows that US home sales in July fell 4.1% from June, reaching their lowest level in nearly two years.

Market news: Ukraine has proposed a ceasefire in the Black Sea to Russia.

According to Saudi media Alhadath: The Saudi Arabian Defense Minister met with the Chief of Staff of the Iraqi Armed Forces Command to discuss relations in the military and defense fields.

On August 14th, it was learned from the China Geological Survey of the Ministry of Natural Resources that a research team from the Institute of Geology, Chinese Academy of Geological Sciences, has made new progress in their study of lunar soil samples from Chang'e 6, providing new evidence for solving the mystery of the stark differences between the two sides of the moon. The research team believes that the clue to the drastically different lunar surfaces lies in the ancient impact that formed the South Pole-Aitken Basin. Research shows that this impact, after the consolidation of the lunar magma ocean, continued to profoundly modify the lunar crust and upper mantle, completely altering the local material composition of the far side. This research provides new scientific evidence for understanding the differences between the two sides of the moon and advances humanity's understanding of the moon's complex evolutionary history.

On August 14th, the Houthi rebels in Yemen claimed on the 13th that they had used drones to attack a Saudi Aramco oil refinery in Jizan, southwestern Saudi Arabia. According to the Houthi-controlled Saba News Agency, the Houthis used two drones to attack the refinery, and the attack was described as highly precise. On August 9th, the Houthi rebels stated that they had launched a "precision strike" against the Saudi Aramco oil refinery in Jizan using drones.

OpenAI: Dennis Dreser will leave OpenAI after the transition period to pursue other career opportunities.

OpenAI has appointed Dali Radicchi as its Chief Revenue Officer.

U.S. mortgage rates fell slightly for the first time in six weeks.

Fannie Mae: The average yield on 30-year fixed-rate mortgages in the U.S. was 6.67% in the week ending August 13, down from 6.69% the previous week.

OpenAI has appointed a new chief revenue officer in less than a year.

AI chip maker Cerebras: There is huge demand for products co-developed with AMD.

On August 13, a source within the Yemeni government forces stated that Houthi rebels attacked a government army base in Yemen's southeastern Hadramawt province using drones, resulting in the deaths of at least three government soldiers and injuries to 15 others. The unnamed officer said that several Houthi drones attacked a base of the 3rd Division of the "Homeland Shield" force in the Abul district of Hadramawt province. This area is located in a desert region near the Yemeni-Saudi border. The official stated, "The drones directly hit the military base, causing casualties." Preliminary estimates indicate that three soldiers were killed and 15 wounded, some seriously, and the death toll may rise further. The "Homeland Shield" force is a military unit established by the Yemeni Presidential Leadership Council. As of now, the Houthi rebels have not responded.

AI chip maker Cerebras: Business will grow at an extraordinary rate.

AI chip maker Cerebras: Data centers are a challenge for everyone.

Market news: SanDisk executives said the company expects to deliver its first HBF samples for inference devices to customers next year, and the company has completed tape-out of its first high-bandwidth flash memory chip.

The German DAX 30 index closed down 37.69 points, or 0.14%, at 26,308.60 on Thursday, August 13; the UK FTSE 100 index closed down 63.95 points, or 0.59%, at 10,769.20 on Thursday, August 13; and the French CAC 40 index closed down 24.38 points, or 0.28%, at 8,650.56 on Thursday, August 13. The Stoxx 50 index closed up 13.96 points, or 0.21%, at 6547.95 on Thursday, August 13; the Spanish IBEX 35 index closed down 25.25 points, or 0.12%, at 20179.15 on Thursday, August 13; and the Italian FTSE MIB index closed up 26.34 points, or 0.05%, at 53725.00 on Thursday, August 13.