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Anthropic and FIS are developing an artificial intelligence agent
Golden Finance reports that on May 5th, Anthropic and FIS are developing an artificial intelligence agent aimed at helping banks combat financial crimes.
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Trump says the United States and Iran are in a "mini-war" state
Trump stated at the White House Small Business Summit that the conflict with Iran has become a "mini-war," and he said he does not like war, with only 32% of polls supporting it. Previously, he was advised to avoid using the word "war," and House Speaker Johnson also said that the U.S. is not currently at war.
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The White House is briefly locked down due to a nearby shooting.
Golden Finance reports that on May 5th, the U.S. White House temporarily went into lockdown on the afternoon of May 4th local time due to a nearby shooting incident. The U.S. Secret Service issued a statement saying, "Secret Service personnel have arrived at the scene of a police-involved shooting at the intersection of 15th Street and Independence Avenue in Washington, D.C. One person was shot by law enforcement, and the specific details are not yet clear." It is understood that this incident occurred only about a mile from the White House, near the Washington Monument. According to American media reporters at the White House via social media, U.S. President Trump was holding a meeting inside the White House at the time and was not affected by the shooting. However, just minutes before Trump arrived at the East Room for the event, gunfire was heard, and the Secret Service urgently ordered media personnel to leave the White House North Lawn and enter the press briefing room. (CCTV International News)
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Iranian officials say the Strait of Hormuz is currently fully under the country's control.
Golden Finance reports that on May 5th, a senior Iranian security official stated on the 4th local time that the Strait of Hormuz is currently fully under Iranian control. Iran's armed forces conveyed a very clear message to the United States: as long as they advance, they will become targets of attack. (CCTV News)
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Iran: If the UAE "takes irrational actions," all its interests "will become targets of Iran," and any facilities "will not be safe."
Golden Finance reports that on May 5th, Iran Tasnim News Agency, citing a source from the Iranian military on the evening of May 4th local time, said, "If the United Arab Emirates becomes a 'pawn' of Israel and makes a mistake, they will learn a lesson they will never forget." The source emphasized that if the UAE "takes irrational actions," all its interests "will become targets of Iran," and any UAE facilities "will not be safe." (CCTV International News)
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The three major U.S. stock indices all closed lower, with the Dow Jones falling more than 1%
U.S. stocks on May 5th saw all three major indices close lower, with the Dow down 1.13%, the S&P 500 down 0.41%, and the Nasdaq down 0.19%. Micron Technology and SanDisk stock prices hit all-time highs, rising over 6%. In individual stocks, Nvidia edged up 0.02%, Google-A fell 0.63%, Apple dropped 1.18%, Microsoft declined 0.2%, Amazon rose 1.41%, Meta increased 0.27%, Tesla gained 0.43%, and Netflix fell 1.13%.
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Federal Reserve's Williams: The breakeven point in the labor market may now be between 0 and 50,000 jobs per month
Golden Finance reports that on May 5th, Federal Reserve's Williams stated that there has been a significant change in U.S. labor force growth. The job market has performed well so far, and the breakeven point for the job market may now be between 0 and 50,000 jobs per month.
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Iran's First Vice President: Controlling the Strait of Hormuz is Iran's legal right
Jinse Finance reported that on May 5, Iran’s First Vice President Alef said on the 4th in local time that controlling the Strait of Hormuz is Iran’s legal right, and this capability provides an important safeguard against external pressure. Iran does not seek war, but if war is imposed, it will respond decisively. (CCTV News)
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According to media reports, Party A raised the alert level on the 4th.
Golden Finance reports that on May 5, according to Israel Public Broadcasting Service 4, due to the escalation of the situation in the Gulf region, Israel raised its alert level on the 4th. (Xinhua News Agency)
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Federal Reserve's Williams: This year's inflation is expected to be 3%, returning to the 2% target by 2027
Golden Finance reports that on May 5th, Federal Reserve's Williams stated that this year's inflation is expected to be 3%, with a goal of returning to 2% by 2027.
The US economy is projected to grow between 2% and 2.25% this year.
The unemployment rate is expected to remain around 4.25% to 4.50%.
Tariffs and energy are the main drivers of inflation, while core inflation remains generally stable.
The continued control of inflation expectations is a positive sign.
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Iranian media: Iran has no plans to attack the United Arab Emirates
Golden Finance reports that on May 5, citing a senior Iranian military official, Iran has no plans to attack the United Arab Emirates, according to a report by Iran’s Islamic Republic of Iran Broadcasting and Television on the 4th. (Xinhua)
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Federal Reserve's Williams: The risks to the Fed's dual mandate have all increased
Golden Finance reports that on May 5th, Federal Reserve Vice Chairman Williams stated that U.S. monetary policy remains well-positioned to address an uncertain economic environment, and it is currently unclear how the Iran war will impact the U.S. economy. He also mentioned that the risks to the Federal Reserve's dual mandate have increased. The economy is facing unusual circumstances.
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German Vice Chancellor: If the U.S. imposes additional tariffs, the EU will retaliate
German Vice Chancellor and Finance Minister Christian Lindner on the 4th called on Trump to fulfill the tariff agreement reached with the EU last summer, stating that Europe has kept its promise and hopes the U.S. will do the same. If the U.S. raises tariffs on EU cars from 15% to 25%, the EU will retaliate. EU member states have a clear stance: they do not want to escalate the conflict but are prepared to respond if it does.
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The UAE Ministry of Defense reports detecting 4 cruise missiles from Iran
Golden Finance reports that on May 4th, the UAE Ministry of Defense announced that four cruise missiles originating from Iran were detected, with three successfully intercepted over territorial waters and one falling into the sea. (Xinhua News Agency)
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Zelensky calls on Europe to participate in Ukraine-Russia negotiations
Golden Finance reports that on May 4th, Ukrainian President Zelensky stated that Europe should participate in Ukraine-Russia peace negotiations through a "feasible diplomatic approach" and present a unified stance on Russia.
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Coinbase announces a strategic partnership with Kemet and makes an equity investment to expand institutional trading channels
Coinbase partners with Kemet to integrate Coinbase's spot, futures, and options trading interfaces into the Kemet platform, allowing institutions to route and execute spot, futures, and options trades within a single interface. Coinbase Ventures has invested in Kemet to support large-scale advanced trading. Kemet offers multi-leg options, smart order placement, automatic Delta hedging, and other algorithms to enhance cross-exchange derivatives execution capabilities and promote an open multi-broker ecosystem.
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UAE Fujairah Oil Industrial Zone Catches Fire After Iran Drone Attack
Golden Finance reports that on May 4, the media office of the Emirate of Fujairah in the United Arab Emirates stated that local time on May 4 that the relevant authorities confirmed a fire at the Fujairah Oil Industrial Area. The incident was triggered by a drone attack originating from Iran. The local civil defense department responded immediately to the incident and is continuing efforts to control the fire.
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U.S. stocks quickly retreated, with the S&P 500 index falling 0.42%
Golden Finance reports that U.S. stocks quickly declined, with the Dow Jones Industrial Average falling 0.76%, the S&P 500 dropping 0.42%, and the Nasdaq Composite decreasing 0.39%.
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UAE issues missile warning, escalating tensions threaten US-Iran ceasefire
The United Arab Emirates issued its first missile threat warning about a month after the ceasefire between the US and Iran, highlighting the fragility of diplomatic efforts to end the war.
An oil tanker operated by Abu Dhabi National Oil Company (ADNOC) near the Strait of Hormuz was attacked by an Iranian drone hours earlier, and an alert was subsequently issued.
It is unclear whether the alert was due to an attack targeting the UAE or an escalation of the situation in the strait; before the outbreak of the war, about one-fifth of the world's oil and liquefied natural gas had to pass through this strait.
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