Real-time News

Federal Reserve Governor Milan: There are ample reasons to shrink the Federal Reserve's balance sheet.

Federal Reserve Governor Milan: The hope that Powell will remain on the board is merely transitional and nothing more.

Federal Reserve Governor Milan: Neither the job market nor inflation expectations point to higher inflation.

Federal Reserve Governor Milan: The Fed remains calm in its response to the energy shock.

May 8th - Oil prices remained range-bound as traders awaited the latest developments in US-Iran peace talks. Previous clashes between the two sides exacerbated market concerns about the already fragile ceasefire. Commerzbank analysts stated, "Even if an agreement is reached, the downside for oil prices may be limited because the regional situation remains fundamentally unstable, and production and exports within the region can only recover gradually." "In any case, the Strait of Hormuz is likely to remain a key bottleneck in the short term, which is enough to support the risk premium." Both major benchmark crude oils are expected to record declines of more than 7% this week.

Federal Reserve Governor Milan: Reducing forward guidance will make policy more flexible.

Federal Reserve Governor Milan believes the Fed should reduce its forward guidance.

Iranian Foreign Minister Araqchi: The Iranian people never succumb to pressure.

On May 8, the Institute for Science and International Security (ISIS), a watchdog organization, reported that the Israeli and U.S. attacks on Iran's nuclear infrastructure have weakened Tehran's ability to develop nuclear weapons and could delay its nuclear bomb development timeline by nine months to two years. The institute stated that since the outbreak of conflict on February 28, at least six Iranian nuclear facilities have been attacked, including uranium enrichment facilities and sites related to nuclear weaponization work. The attacks also resulted in the deaths of Iranian nuclear scientists, but the exact number is unclear. The report stated, "These attacks… have further weakened Iran's ability to develop nuclear weapons." The report also indicated that recent U.S. intelligence assessments suggesting the attacks have not delayed Iran's nuclear program timeline are "inconsistent with the visible damage… and require further explanation and scrutiny."

On May 8th, the Cyberspace Administration of China publicly solicited opinions on the draft implementation rules for cybersecurity labeling of consumer-grade connected cameras. The deadline for feedback is May 23, 2026. The draft clarifies that consumer-grade connected cameras refer to independent cameras purchased and used by individual consumers or organizations to provide audio and video information collection and processing services, and possessing internet connectivity. The draft proposes that the cybersecurity capabilities corresponding to the cybersecurity labels of consumer-grade connected cameras be categorized into three levels from low to high: Basic, Enhanced, and Advanced, represented by one star, two stars, and three stars respectively.

Ukrainian President Zelensky: Ukrainian peace negotiators held substantive talks in the United States.

On May 8th, the Cyberspace Administration of China, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents." The document proposes developing intelligent agents for financial risk control to enhance risk identification capabilities in areas such as credit approval, transaction monitoring, and account security. It also calls for improving the anomaly detection and compliance auditing functions of intelligent agents to enhance capabilities in areas such as credit default prediction, credit card fraud interception, and anti-money laundering monitoring.

On May 8th, the Cyberspace Administration of China, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents." The document proposes cultivating open-source innovation capabilities. It guides domestic AI open-source communities to strengthen their intelligent agent deployment and promote compatibility and adaptation of intelligent agents with open-source chips, operating systems, and large-scale open-source models. It also encourages enterprises, universities, and research institutions to actively participate in open-source projects related to intelligent agent frameworks, interaction interfaces, and toolchains, promoting the integrated development of technological systems and accelerating the enhancement of international influence.

On May 8th, the National Energy Administration, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the National Data Administration, issued the "Action Plan on Promoting the Two-Way Empowerment of Artificial Intelligence and Energy." The plan proposes to continuously increase the proportion of green electricity used in computing facilities. It strengthens guidance on the layout and planning of computing facility projects, using the proportion of green electricity usage as an important reference indicator to enhance the supply level of green computing power. It supports computing facilities in increasing their green electricity consumption ratio through participation in green certificate and green electricity trading. It promotes the green and low-carbon transformation of backup power supplies for computing facilities, encouraging the accelerated replacement of traditional fuel generators with clean energy for backup power supplies.

On May 8th, the Cyberspace Administration of China, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents." The document proposes promoting the application of intelligent agents in internet applications and services to optimize the experience of online shopping, navigation, bill payment, and daily office work. It also promotes the coordinated development of intelligent agents with terminal devices such as mobile phones, computers, automobiles, home appliances, wearables, and consumer robots to enhance their ability to complete tasks across applications and devices. Furthermore, it aims to improve the customer service capabilities of intelligent agents, providing 24/7 consultation, appointment, and after-sales services. The document also encourages the development of embodied intelligent agents for guidance, cleaning, warehousing, and distribution to improve the operational efficiency of commercial establishments such as catering, retail, accommodation, and logistics. Finally, it explores the use of embodied intelligent agents to provide low-cost services such as housekeeping, elderly care, childcare, and disability assistance.

On May 8th, the Cyberspace Administration of China, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents." The document emphasizes strengthening supply chain security. It calls for the formulation of full-lifecycle security standards for intelligent agents, including development, deployment, application, and maintenance, and strengthening security management in areas such as model access, application programming interface (API) calls, and the use of extended tools. It also explores the establishment of an information sharing and early warning mechanism for intelligent agent supply chain security, promptly issuing risk alerts and enhancing security capabilities. Furthermore, it addresses application-related risks by improving the routine risk identification, early warning, and intervention mechanisms for intelligent agents, strengthening human-machine collaborative review and interception capabilities, and preventing systemic security risks. Finally, it emphasizes strengthening the security management of intelligent agent applications to prevent them from being used for automated attacks, privacy violations, the generation and dissemination of false information, and online fraud.