News

Federal Reserve Governor Cook: The risk of excessive inflation is rising and may become deeply entrenched in the economy.

Federal Reserve Governor Cook: Inflation threat outweighs concerns about the job market.

The Dow Jones Industrial Average rose 263.06 points, or 0.49%, to close at 54,348.94 on Wednesday, August 5; the S&P 500 fell 13.00 points, or 0.17%, to close at 7,723.52; and the Nasdaq Composite fell 221.55 points, or 0.83%, to close at 26,363.44 on Wednesday, August 5.

Fed governor Lisa Cook will speak on the economic outlook in ten minutes.

According to Iran's Fars News Agency, a source from the Iranian negotiating team stated that, contrary to some speculation and media reports, the US Treasury Department's lifting of a few sanctions against Iran is related to interactions between the Iraqi government and Washington, and is unrelated to the memorandum of understanding between Iran and the United States. (Note: The US Treasury Department previously lifted sanctions on Baghdad Airlines, which was sanctioned for alleged links to the Quds Force of Iran's Islamic Revolutionary Guard Corps.)

According to Reuters: Five sources said Iran has warned Gulf states that any new U.S. attacks on Iranian territory would trigger Iranian retaliation against key energy infrastructure in the region.

The U.S. Securities and Exchange Commission (SEC) is establishing a new dedicated agency within its Enforcement Division, designed to provide specialized expertise, focus, and capability to investigate and handle accounting and financial reporting fraud cases, as well as general misconduct in the fields of accounting and auditing.

The U.S. Senate confirmed Erica Schwartz as director of the U.S. Centers for Disease Control and Prevention.

Russian President Vladimir Putin has reshuffled the leadership of the Russian military, appointing Denis Lyamin to lead the newly formed unmanned systems force and appointing new frontline combat and military logistics commanders.

Canadian Prime Minister Carney: My government will invest $2.7 billion over three years in building rental housing projects in Toronto.

According to information disclosed by Microsoft (MSFT.O), OpenAI accounts for approximately 70% of its artificial intelligence sales, and OpenAI's revenue reached $24.1 billion in fiscal year 2026.

Iran has stated that no decision has yet been made regarding the second phase of negotiations with the United States.

U.S. Democratic Senator Mark Warner: If Trump and Vance want to combat fraud, they can start with the $2.2 billion Trump pocketed in his first year as president.

U.S. Central Command: As of August 5, U.S. forces had altered the routes of 48 merchant ships, rendered two ships inoperable, and boarded and inspected two other vessels.

The Federal Reserve accepted a total of $1.65 billion from two counterparties in its fixed-rate reverse repurchase operations.

Iranian Deputy Foreign Minister: About four to five days after the start of the new round of conflict, the United States sent a message demanding negotiations to resolve the related issues.

Iranian Deputy Foreign Minister: The United States' resumption of fulfilling its commitments under the Islamabad Memorandum of Understanding is a condition, but not sufficient to achieve the reopening of the Strait of Hormuz.

Iranian Deputy Foreign Minister: Negotiations between Iran and the United States are being conducted against a backdrop of distrust, which remains the basis of the current process.

GFZ (German Center for Geosciences): A 5.8-magnitude earthquake has struck Halmahera, Indonesia.

Amazon Web Services (AWS): Partnering with JPMorgan Chase (JPM.N) to advance quantum computing research and development.