Real-time News

June 2nd - According to the official Weibo account of Qwen Big Model, Alibaba officially released the Qwen3.7-Plus multimodal intelligent agent model on June 2nd. The model, based on the text capabilities of Qwen3.7, has comprehensively upgraded its visual-language capabilities while maintaining full intelligent agent capabilities in coding, tool usage, and productivity workflows.

On June 2nd, oil prices stabilized after posting their biggest gain in nearly a month; meanwhile, uncertainty surrounding the prospects for US-Iran peace talks exacerbated the risk of a prolonged disruption to energy supplies from the Persian Gulf. According to US media, Trump stated that a memorandum of understanding between the US and Iran regarding the reopening of the Strait of Hormuz is expected to be reached within the next week. However, he also pointed out that the US still needs to "finalize several details" before a final agreement is reached. Last month, oil prices had fallen somewhat, boosted by market optimism that an agreement was likely. The day before, news broke that Iran had halted negotiations with the US, threatened to close the Bab el-Mandeb Strait, and planned a complete blockade of the Strait of Hormuz. Rebecca Babin, senior energy trader at CIBC, said, "If more signs emerge that the parties are no longer actively negotiating, then the 'safety cushion' (expectations of the best outcome) that the market previously relied on in pricing will disappear." She added, "We've seen too many back and forths during this conflict; nothing is set in stone at this point."

The number of confirmed Ebola cases in the Democratic Republic of Congo has risen to 321.

Market news: Sevastopol, a city in Crimea (currently under Russian control), will implement fuel rationing on Tuesday.

Workers at Inpex Corp’s Ichthys liquefied natural gas export project in Australia will strike as negotiations between union members and the company have stalled.

Ukrainian local authorities are urging Kyiv residents to seek shelter; air raid sirens have been sounded in Kyiv.

GFZ (German Center for Geosciences): A 6.55-magnitude earthquake has struck southern Italy.

Amazon (AMZN.O): OpenAI’s GPT-5.5, GPT-5.4 and Codex are now available on Amazon Bedrock.

Alphabet (GOOG.O): AI demand has exceeded the company's current supply capacity. The company is facing strong demand for artificial intelligence solutions from both enterprises and consumers.

Rosneft, the Russian oil company, reported first-quarter revenue of 2.032 trillion rubles, a 4.3% increase from the previous quarter. Net profit for the first quarter of 2026 is projected to increase sevenfold compared to the fourth quarter of 2025, reaching 115 billion rubles.

Rosneft, a Russian oil company, reported that its first-quarter oil and gas condensate production was 3.74 million barrels per day, down 0.4% from the previous quarter.

The EU is prepared to give member states budgetary flexibility to alleviate energy cost pressures.

Google (GOOG.O) shares fell 1.7% in after-hours trading.

June 2nd - According to US sources, the Trump administration continues to release large quantities of US strategic petroleum reserves to alleviate the energy supply crisis caused by the US-Iran conflict and the closure of the Strait of Hormuz. Data released by the US Department of Energy on the same day showed that strategic petroleum reserves decreased by 8 million barrels of crude oil last week. This follows decreases of 9.1 million barrels and a record 9.9 million barrels in the previous two weeks. As of now, strategic petroleum reserves have fallen to 357.1 million barrels, the lowest level since January 2024. Experts say that at the current rate of release, strategic petroleum reserves could fall below the lows recorded during the Biden administration as early as next week, reaching their lowest level since 1983. Since the outbreak of the current US-Iran conflict, the US has released approximately 58 million barrels of crude oil, accounting for about 14% of total strategic petroleum reserves. Analysts believe that continued releases of reserves will weaken the US's ability to cope with sudden supply disruptions such as those caused by hurricanes.

According to Al Jazeera, a Qatari diplomatic source revealed that the United States has informed Qatar that Israel has cancelled its threat to attack the southern suburbs of Beirut following a phone call between Trump and Netanyahu.

The Dow Jones Industrial Average rose 46.48 points, or 0.09%, to close at 51,078.94 on Monday, June 1; the S&P 500 rose 19.96 points, or 0.26%, to close at 7,600.02 on Monday, June 1; and the Nasdaq Composite rose 114.19 points, or 0.42%, to close at 27,086.81 on Monday, June 1.

U.S. Senate Majority Leader Thune: The U.S. Senate will move forward with a $72 billion immigration enforcement spending bill.