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Real-time News
OpenAI: Due to Cursors acquisition by SpaceX, we will terminate our partnership with it. Based on our proposal, Cursors direct access to our models will end on November 12th.On August 29th, the U.S. Commodity Futures Trading Commission (CFTC) ordered former White House teleprompter operator Gabriel Perez to pay $172,539 for illegally trading on a prediction market platform using advance access to Trumps speeches. Under the settlement agreement with the CFTC, Perez must return $107,539.02 in illicit gains and pay a $65,000 civil penalty. He also agreed to a three-year trading ban and pledged to cease and not violate the Commodity Exchange Act and CFTC regulations. The CFTC stated that Perez traded Trump "mention market" contracts on the Kalshi platform between December 2025 and February 2026, while serving in the White House. These contracts are event-based contracts, with payouts determined by whether the president uses specific words or phrases in his speeches.On August 29th, Li Yu-jia, chief researcher at the Guangdong Provincial Housing Policy Research Center, explained that the next period will be one of coexistence of pre-sales and completed sales. The threshold for pre-sales will be gradually raised to narrow the gap between pre-sales and completed sales, reducing the costs and growing pains of reform, and ultimately facilitating a smooth transition to completed sales. Regarding increased financing support, the "Notice" proposes implementing a lead bank system, whereby a single bank or syndicate is designated as the lead bank for each project. This aims to meet the reasonable financing needs of real estate projects and establish a mechanism for shared benefits and risks between the lead bank and the project company. It also allows for the use of aggregated land use rights as collateral to apply for development loans. Furthermore, it supports real estate companies in financing through equity, bonds, and other means to ensure that development loan disbursements match the project construction cycle.On August 29th, Yu Xiaofen, Dean of the China Housing and Real Estate Research Institute at Zhejiang University of Technology, explained that the sale of existing homes emphasizes "what you see is what you get," aligning with the operational logic of the existing housing stock era. For decades, my country faced a significant housing supply-demand gap. The pre-sale system effectively accelerated housing supply and expedited capital recovery, mitigating the housing shortage during rapid urbanization and meeting the demands of the industrys high-speed development. However, the current housing market landscape has fundamentally changed. The per capita living space for urban residents has exceeded 40 square meters, with ample supply in both the existing and new housing markets. Second-hand homes account for over half of the total sales area. The development goal of the real estate industry needs to shift from scale to quality, and the main market contradiction has shifted from "availability" to "quality." The industrys development logic has been completely restructured. The governments promotion of existing home sales is in line with market evolution and adapts to the new development logic of an era marked by significant changes in supply and demand.Strait of Hormuz: 1. The US claims its continued maritime blockade of Iran has forced 82 merchant ships to change course. 2. Trump stated the Strait of Hormuz is open, while US officials say Irans leverage is eroding. 3. The US hopes to widen the main channel of the Strait of Hormuz by mid-September so that at least 50 ships can enter and exit the Gulf each night. 4. Iranian President Pezechiyan: Oman has agreed that the Strait of Hormuz should be managed according to the Islamabad Memorandum of Understanding. Iran will open the channel if the four commitments are fulfilled. 5. US Treasury Secretary Bessant: Blockade and economic isolation will destroy Irans collapsing economy. In the past 14 days, the US has diverted 130 million barrels of oil out of the Strait of Hormuz, while Irans crude oil exports have been zero. 6. Iranian Revolutionary Guard: Iranian fighters have complete and unquestionable control over the strategic waterway of the Strait of Hormuz. All ships attempting to pass through without Iranian coordination will be blocked from the Strait of Hormuz by full force and absolute authority. Other matters: 1. The US Treasury Department announced a new round of sanctions against Iran. 2. Hezbollah leaders in Lebanon called for the cancellation of the trilateral framework agreement between Lebanon, Israel, and the US. 3. Goldman Sachs: Persian Gulf oil exports have recovered to about two-thirds of pre-war levels. 4. Iranian Foreign Minister: Getting diplomacy back on track is not impossible, but "pressure will not work." 5. Iranian Foreign Ministry condemned the new economic threat from the US and called on all countries not to implement it. 6. British media: The US military is facing a "serious financial crisis" and has been forced to divert salaries to pay for the war against Iran. 7. US Treasury Department: We have identified the networks, intermediaries, and funding channels used by Iran for oil smuggling and sanctions circumvention. 8. US Treasury Secretary Bessenter: The Treasury Department pledged to cut off every remaining economic lifeline of Tehran and ultimately end the threat to the Iranian regime. 9. According to the Islamic Republic of Iran Broadcasting (IRIB): Sources say Yemeni drones attacked a Saudi-backed mercenary base in the port of Mocha.
