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Three U.S. Navy destroyers were reportedly attacked near the Strait of Hormuz, withdrawing toward the Gulf of Oman. Iran and U.S. officials have not yet commented, raising concerns over regional stability and maritime security in this vital global oil transit route.
Read MoreMultiple explosions were reported overnight in southern Iran's Qeshm Island and Bandar Abbas port area. Iranian authorities have not confirmed the cause. US media, citing officials, suggested US military strikes, though unconfirmed by Washington. The incident raises regional tension concerns.
Read MoreOn the night of May 8, air defense systems were activated in western Tehran, Iran, in response to several small unidentified aerial vehicles. The incident has raised security concerns, with details still under investigation.
Read MoreNVIDIA and IREN announced a strategic partnership to accelerate the deployment of up to 5 GW of AI infrastructure. NVIDIA secured a five-year option to invest up to $2.1 billion in IREN, signaling a major move to integrate cutting-edge AI hardware with large-scale computational resources.
Read MoreCoinbase will suspend trading for over a dozen perpetual futures contracts, including KAITO, SENT, and SAHARA, around May 21st. This is part of a regular market review to streamline its offerings. Users are advised to manage positions accordingly.
Read MoreOn May 8th, the US Dollar Index rose slightly by 0.05% in the previous trading session, closing at 98.063 points. This modest increase reflects cautious optimism in the market and may signal new volatility in global forex. Investors are closely watching Fed policies and economic data.
Read MoreOn May 8, the onshore yuan showed strength against the US dollar during night trading, closing at 6.8068, up 65 pips from the previous night's close. Trading volume reached $565.98 billion, reflecting robust market activity.
Read MoreAI infrastructure provider CoreWeave reported strong Q1 revenue of $2.078B, surpassing estimates. Its adjusted EBITDA margin reached 56%, indicating robust cash flow. However, a larger-than-expected adjusted net loss has sparked discussions on its growth trajectory and profitability.
Read MoreIranian military sources claim missile strikes against US units in the Strait of Hormuz following an attack on an Iranian oil tanker. Targets reportedly damaged and withdrew, escalating regional tensions.
Read MoreA senior Federal Reserve official highlighted significant economic uncertainty but noted last year's performance exceeded expectations, with strong labor market resilience. Current interest rates were described as not historically high.
Read MoreThe U.S. Secretary of State urgently approved a $25.8 billion arms sale to Middle Eastern allies, including air defense missiles. The deal, involving Bahrain, Israel, Kuwait, Qatar, and the UAE, far exceeds previously disclosed figures and reshapes regional security dynamics.
Read MoreExplosions were reported near Iran's Qeshm Island and Bandar Abbas. Iranian media suggested possible hostile actions involving the UAE, with warnings of retaliation. Israel denied involvement. Official Iranian response is pending as regional tensions escalate.
Read MoreU.S. stocks retreated after a volatile session on May 8th, with major indices closing in negative territory. Tech giants showed mixed performance, with Nvidia and Microsoft gaining while Amazon declined, reflecting market caution ahead of key economic data.
Read MoreFed official Mary Daly stated there is no evidence that the recent surge in energy prices is boosting medium-to-long-term inflation expectations. She reaffirmed the commitment to the 2% inflation target and noted current policy is slightly restrictive. Easing geopolitical tensions could exert downward pressure on inflation.
Read MoreOpenAI has launched the "Trusted Contacts" feature for all adult users. This security update allows individuals to designate trusted people who can be alerted in case of account risks or if the user becomes unresponsive, adding a crucial human safety net to digital account protection.
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