Wallstreetcn Morning Briefing | May 8, 2026

The situation in the Strait of Hormuz is once again tense: Iran claims the US violated the ceasefire by launching airstrikes on Iran's coast and oil tankers; the US military states it intercepted an unprovoked attack initiated by Iran and carried out precision strikes on Iranian military facilities. Trump stated that the military strike on Iranian targets was a "minor punishment." The US Trade Court has ruled that Trump's 10% global tariffs are invalid. The number of Americans filing initial jobless claims last week rose to 200,000, but remained below expectations; continuing claims hit a new low since January 2024. Li Qiang met with a US Senate delegation. Wang Yi met with a US Senate delegation. The General Office of the CPC Central Committee and the General Office of the State Council: Critical and leading assessment indicators will be set up around the goals and tasks of building a Beautiful China, focusing on key areas and crucial aspects. The People's Bank of China has increased its gold holdings for 18 consecutive months, with a further increase in April. One of the world's largest gold buyers, Poland's central bank, plans to add 105 tonnes of gold. European Parliament officials: The EU and US are very close to reaching an agreement on a transatlantic trade deal. A new global AI giant is born: Anthropic's valuation soars to 1.2 trillion, surpassing OpenAI for the first time. CoreWeave Q1 revenue exceeded expectations with year-on-year growth of 112%, but losses widened. Q2 guidance fell short of expectations, and shares fell more than 10% after hours. Related articles: Wallstreetcn Breakfast FM-Radio | May 8, 2026