News

US President Trump: Tariffs make us rich.

US President Trump: (Regarding tariffs) Canada was “very bad,” and we turned the situation around.

SanDisk (SNDK.O) shares fell more than 3% in after-hours trading in the U.S.

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.

The Russian Ministry of Energy announced that the Russian government has approved the production, import, and sale of gasoline meeting Euro 2, Euro 3, and Euro 4 standards, effective until July 1, 2027. This decision to sell Euro 2 to Euro 4 standard gasoline is a temporary measure, and long-term policies regarding fuel environmental requirements will not be adjusted.

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.

The German Geosciences Research Center (GFZ) has revised the magnitude of the earthquake in Halmahera Island, Indonesia, from 5.8 to 5.3.