Real-time News

Berkshire Hathaway annual shareholders meeting concludes.

Federal Reserve's Goolsby: Despite the heated discussion surrounding the construction of artificial intelligence centers, consumer demand remains the true driver of the economy.

Federal Reserve's Goolsby: The differing opinions at last week's meeting highlight the complexity of forward guidance.

Federal Reserve's Goolsby: pleased with Warsh's inclusion.

Federal Reserve's Goolsby: Powell's decision to remain on the Federal Reserve Board of Governors was his personal choice.

Federal Reserve's Goolsby: The long-term outlook for inflation in the services sector is not optimistic, and this is not due to oil factors.

Federal Reserve's Goolsby: Last week's inflation data was "bad news".

Federal Reserve's Goolsby: GDP growth was unexpectedly strong, and consumer spending is also progressing steadily.

The chairmen of the U.S. Senate and House Armed Services Committees expressed deep concern over the U.S. decision to withdraw a brigade-sized force from Germany.

On May 3, when asked when and how he would insure ships in the Strait of Hormuz, Berkshire Hathaway's Vice Chairman for Insurance, Ajit Jain, gave a concise answer: "The short answer is—it depends on the price." Jain stated, "We do have a small stake in an established project to insure ships in the Strait of Hormuz. But no deals have been finalized yet." Jain also pointed out that U.S. Navy escort for the ships would be a key prerequisite for the project's coverage conditions. "If we can meet our own coverage conditions, we will insure this type of risk at a price level that we deem appropriate."

On May 3, Qazem Gharibabadi, Iran's Deputy Foreign Minister in charge of legal and international affairs, met with ambassadors from various countries stationed in Tehran on Saturday to discuss what he called Iran's proposals to end the war and aggression launched by the US and Israel. Gharibabadi stated that Iran is fully prepared to defend itself against any attacks against its people, and that Tehran remains committed to diplomatic mediation based on national interests. He said that Iran has submitted a proposal through Pakistan as a mediator to permanently end this imposed war, and that the initiative now rests with the US, which must choose between a diplomatic path or a continued confrontational stance. He added that Iran is prepared for both scenarios to safeguard its national interests and security, while remaining pessimistic and distrustful of the US and its diplomatic sincerity.

On May 3, local time, the Ukrainian presidential website announced that President Zelenskyy had signed a presidential decree approving the National Security and Defense Council's decision to impose targeted sanctions on five individuals. The sanctions were reportedly imposed because the actions of these individuals threatened Ukraine's national interests, security, sovereignty, and territorial integrity. The five individuals targeted are a Ukrainian lawyer, a Ukrainian businessman, a Russian businessman, and two Russian sports promoters.

Iraq's Deputy Minister of Oil: Exports through Ceyhan amount to 200,000 barrels per day.

May 2nd - According to foreign media reports, a representative stated that major OPEC+ countries have reached a preliminary agreement on a small but symbolic increase in supply targets for June, marking the organization's first action since the unexpected withdrawal of the UAE. The representative said that seven countries, led by Saudi Arabia and Russia, will collectively increase production by 188,000 barrels per day next month, with the agreement to be finalized at a video conference on Sunday. Three representatives had already indicated last week that this was their expectation. Like the planned production increases this month, this increase remains largely symbolic, as OPEC cannot actually implement the increases unless the Strait of Hormuz reopens and Persian Gulf exports resume.

Japanese Prime Minister Sanae Takaichi: He held talks with General Secretary of the Communist Party of Vietnam To Lam and Prime Minister Le Minh Hung. Both sides confirmed that energy, key minerals, artificial intelligence, semiconductors, and space-related economic security areas will be new priorities for Japan-Vietnam cooperation, and will jointly promote related collaborations.

On May 2nd, during his speech at Berkshire Hathaway's annual shareholder meeting, Warren Buffett asked outgoing Apple (AAPL.O) CEO Tim Cook to stand and bow in acknowledgment. Buffett's gesture echoed Berkshire Hathaway's own transition from him to new CEO Greg Abel.