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Real-time News
U.S. stocks continued their decline, with the Nasdaq falling more than 1%, the S&P 500 down 0.65%, and the Dow Jones down 0.55%.On May 12, a senior U.S. Department of Defense official estimated the latest cost of the war with Iran at approximately $29 billion, an increase of about $4 billion from an estimate made less than two weeks earlier. Acting Comptroller General Jules Hearst told a House Appropriations Subcommittee on Tuesday that the total cost of the war is "close to $29 billion," due to the additional operational costs of maintaining U.S. military deployments in the Middle East and the costs of updating equipment repair and replacement. This figure is about 16% higher than his estimate of $25 billion when he testified before the House Armed Services Committee on April 29. Hearst also hinted that the cost figure may continue to change in the future.A spokesman for Iran’s Ministry of Defense warned that if its enemies do not accept Iran’s demands through diplomatic means, they should be prepared to “fail again” in any future confrontation.New York City Mayor Mamdani has cancelled the planned increase in New York City property taxes in the revised budget.On May 12th, Futures News reported that, according to foreign media, German analysis firm Oil World stated on Tuesday that EU canola production is projected to increase to 20.97 million tons in 2026/27 from 20.52 million tons in 2025/26, while imports will decrease to 6.5 million tons from 6.9 million tons this year. The firm forecasts Canadian canola production at 21.4 million tons in 2026, down from 21.8 million tons in 2025/26. Canadian canola exports are expected to decrease to 7.6 million tons in 2026/27 from 8.3 million tons this year. Global biodiesel production is projected to increase to 67.1 million tons from 61.3 million tons in 2025, with EU biodiesel production rising from 14.9 million tons to 15.3 million tons.

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2026/05/12
Important Only
  • 22:30:31

    U.S. stocks continued their decline, with the Nasdaq falling more than 1%, the S&P 500 down 0.65%, and the Dow Jones down 0.55%.

  • 22:28:07

    On May 12, a senior U.S. Department of Defense official estimated the latest cost of the war with Iran at approximately $29 billion, an increase of about $4 billion from an estimate made less than two weeks earlier. Acting Comptroller General Jules Hearst told a House Appropriations Subcommittee on Tuesday that the total cost of the war is "close to $29 billion," due to the additional operational costs of maintaining U.S. military deployments in the Middle East and the costs of updating equipment repair and replacement. This figure is about 16% higher than his estimate of $25 billion when he testified before the House Armed Services Committee on April 29. Hearst also hinted that the cost figure may continue to change in the future.

  • 22:23:33

    A spokesman for Iran’s Ministry of Defense warned that if its enemies do not accept Iran’s demands through diplomatic means, they should be prepared to “fail again” in any future confrontation.

  • 22:19:04

    New York City Mayor Mamdani has cancelled the planned increase in New York City property taxes in the revised budget.

  • 22:17:43

    On May 12th, Futures News reported that, according to foreign media, German analysis firm Oil World stated on Tuesday that EU canola production is projected to increase to 20.97 million tons in 2026/27 from 20.52 million tons in 2025/26, while imports will decrease to 6.5 million tons from 6.9 million tons this year. The firm forecasts Canadian canola production at 21.4 million tons in 2026, down from 21.8 million tons in 2025/26. Canadian canola exports are expected to decrease to 7.6 million tons in 2026/27 from 8.3 million tons this year. Global biodiesel production is projected to increase to 67.1 million tons from 61.3 million tons in 2025, with EU biodiesel production rising from 14.9 million tons to 15.3 million tons.

  • 22:15:36

    On May 12, local time, US President Trump stated that the conflict with Iran does not need to be resolved hastily. In an interview, Trump claimed that Iran is facing the prospect of having its revenue sources cut off. Trump also stated that he is confident he can prevent Iran from developing nuclear weapons, saying, "It's just a matter of time."

  • 22:14:48

    The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.5 occurred near Changning County, Yibin City, Sichuan Province (28.38°N, 104.86°E) at 22:13 on May 12. The final result is subject to the official rapid report.

  • 22:11:50

    Market news: More than 100 British MPs have signed a statement supporting British Prime Minister Starmer.

  • 22:04:32

    According to the Press Association, British Prime Minister Starmer is scheduled to chair a meeting of the Middle East Response Committee.

  • 22:04:26

    According to the European Commission, as of May 10, the EU's palm oil imports for 2025/26 totaled 2.47 million tons, compared to 2.58 million tons in the same period last year.

  • 22:04:24

    On May 12, the Russian Ministry of Economic Development announced that it has lowered several oil and gas-related forecasts for the next three years in its baseline scenario, including crude oil and gas production and export volumes. This follows previous reports that the Russian energy sector is facing multiple pressures, including Western sanctions and Ukrainian drone attacks on energy infrastructure, which led to a decline in crude oil production in early April. Oil and gas taxes account for about a quarter of the Russian federal budget revenue, and Russia taxes oil based on production volume, not export volume. This downward revision of the energy outlook is also reflected in the downward revision of overall economic forecasts. The Ministry of Economic Development stated that, under the baseline scenario, the 2026 Russian oil production forecast has been lowered by 14.2 million tons to 511 million tons, and the 2027 forecast by 16.6 million tons to 516 million tons; the 2026 oil export forecast has been lowered by 4.5 million tons to 237.2 million tons, and the 2027 forecast by 16.5 million tons to 227.4 million tons.

  • 22:04:10

    According to the European Commission, as of May 10, the EU's soybean meal imports for 2025/26 totaled 15.27 million tons, compared to 16.45 million tons in the same period last year.

  • 22:03:52

    Russia's Ministry of Economy has lowered its 2026 GDP growth forecast for Russia from 1.3% to 0.4%.

  • 22:03:50

    According to the European Commission, as of May 10, the EU's rapeseed imports for 2025/26 totaled 4.53 million tons, compared to 6.24 million tons in the same period last year.

  • 22:03:27

    According to the European Commission, as of May 10, the EU's soybean imports for 2025/26 totaled 11.28 million tons, compared to 12.4 million tons in the same period last year.

  • 21:55:41

    Greek Defense Minister: The military drone found at sea belongs to Ukraine.

  • 21:53:35

    JPMorgan CEO Jamie Dimon: Europe and the UK need clear regulatory measures.

  • 21:49:59

    US President Trump: (Regarding tariffs) We just have to collect them in a more complicated way.

  • 21:49:34

    Nvidia (NVDA.O) shares hit a new all-time high, rising 1.8%.

  • 21:43:51

    JPMorgan Chase CEO Jamie Dimon: The market is too optimistic.

Market News