Real-time News

The European Commission plans to introduce new regulations next year on the monitoring, reporting, and verification of methane leaks and combustion.

Reuters witnesses say the cruise ship hit by the Hantavirus outbreak has left Cape Verde and is heading to the Canary Islands.

Iran’s chief negotiator warned that economic pressure is the main threat.

On May 7th, local time, US President Trump stated in a speech on May 6th that the current conflict with Iran is a "small-scale conflict," and that the US is "making very good progress." Trump said that the US operation in Iran is "going very smoothly," and that Iran "wants a deal, wants to negotiate." He emphasized that the US will not allow Iran to possess nuclear weapons and will continue to push for an agreement that "satisfies the United States." On the military front, Trump described the US blockade against Iran as "extremely strong," and stated that Iran "can hardly do anything in or out." He also stated that the US has "complete control of the situation." Trump further warned that if Iran does not accept the agreement, it will ultimately be forced to agree to the relevant conditions.

On May 7, the U.S. Central Command posted on social media that an empty Iranian oil tanker attempted to break through a U.S. blockade to reach an Iranian port in the Gulf of Oman. A U.S. carrier-based fighter jet damaged the ship's rudder with its cannon, preventing the vessel from reaching Iran.

US President Trump: The United States is far ahead in the field of space.

On May 7th, Chicago Federal Reserve President John Goolsby warned against instinctively lowering interest rates due to faster productivity growth, as this phenomenon can sometimes push up inflation. In prepared remarks delivered before a panel discussion at the Milken Institute Global Conference on Wednesday, Goolsby stated that the Fed's response to faster productivity growth "depends largely on whether productivity growth is unexpected or anticipated." He explained that in the first case, inflation might be contained, allowing for lower interest rates. In the latter case, the additional investment and spending resulting from productivity growth could push up inflation, necessitating higher interest rates. Furthermore, he emphasized the need to be wary of consumption and investment driven by expectations of future growth. "The more hype there is, the greater the need to raise rates to prevent overheating," he said.

Federal Reserve's Goolsby: If artificial intelligence is as good as advertised, that would be "wonderful," but the Fed still needs to be wary of an overheated economy.

Federal Reserve's Goolsby: If people withdraw expected future earnings in advance for today's consumption, it could lead to an overheated economy.

The Federal Reserve accepted a total of $1.633 billion from seven counterparties in its fixed-rate reverse repurchase operations.

On May 7th, it was reported that on May 6th local time, Mohsen Rezaei, military advisor to Iran's Supreme Leader, stated in an interview that Iran will not allow the United States to extricate itself from the crisis without paying a price. Rezaei stated that the United States is currently attempting to make a "show" by raising the issue of reopening the Strait of Hormuz and then withdraw from the region, but Iran will not allow this. He emphasized that the United States must compensate Iran for the losses incurred, and Iran "will certainly obtain its rights and reparations."

U.S. military: On Wednesday, the U.S. military disabled an empty oil tanker flying the Iranian flag that was attempting to sail to an Iranian port in the Gulf of Oman.

US President Trump: The military action against Iran has been incredibly successful.

Federal Reserve's Goolsby: The impact of productivity on inflation and interest rates could go in either direction.

Federal Reserve's Goolsby: The impact of rising productivity on inflation remains a hotly debated topic.

Federal Reserve's Goolsby: If households expect future income growth and wealth gains from higher productivity, they are likely to increase spending, thereby pushing up inflation.

US President Trump: (Regarding Iran) I am dealing with people who genuinely want to make a deal.

Musk: I had a long meeting with executives from the Anthropic team last week.

World Health Organization Director-General Tedros Adhanom Ghebreyesus: Swiss authorities have confirmed a case of Hantavirus in a passenger on the Honduz cruise ship.