On Friday local time, U.S. Secretary of Commerce Gina Raimondo announced that the federal government has completed the acquisition of chip giant Intel’s equity acquisition, buying 10% of its shares. This move is seen as the Trump administration’s latest move to strengthen its control over companies in key U.S. industries, signaling a further tilt in U.S. industrial policy towards deep government involvement in the private sector.According to a press release issued by Intel, the U.S. government purchased 433.3 million common shares at a price of $20.47 per share, with a total investment of about $8.9 billion, which corresponds to exactly…

​​Global Edition: The $18B Stablecoin Scam & Hong Kong’s Regulatory Response​​​​June 2025​​ – A fraudulent platform impersonating the Dubai Gold and Commodities Exchange (DGCX) orchestrated one of the largest crypto scams in history, swindling 2 million victims out of $18 billion in USDT by promising unrealistic 2% daily returns. The mastermind, Huang Xin, openly mocked victims with claims of taking “wealth beyond their financial IQ,” before laundering proceeds via crypto mixers to evade authorities—exposing critical gaps in stablecoin oversight.This case underscores the dual-edged nature of stablecoins: while marketed as “safe” digital dollars, their rapid adoption has outpaced retail investor education…

On August 19, SoftBank Group and Intel jointly announced a strategic investment agreement. Under the definitive securities purchase agreement signed by the two parties, SoftBank will inject $2 billion into Intel at $23 per share.Boosted by this news, Intel’s stock price rose 5% in after-hours trading.SoftBank emphasized in its official statement that this investment is based on long-term strategic considerations and aims to jointly promote the artificial intelligence revolution by accelerating access to advanced technologies that support digital transformation, cloud computing and next-generation infrastructure.Intel CEO Chen Liwu responded: “We are very much looking forward to deepening our strategic partnership with…

Luxury Supply Chain Scandal: Loro Piana Faces Judicial Takeover Over Labor Exploitation, LVMH Regulatory System Again Under ScrutinyOn July 14, 2025, the Milan Court in Italy issued a landmark ruling: imposing a one-year judicial oversight on Loro Piana, the high-end cashmere brand under France’s LVMH Group. This decision stemmed from severe labor exploitation and unsafe working conditions exposed within the brand’s supply chain, once again bringing the industry’s shadowy production chain into the public eye. Notably, Loro Piana’s board chairman is Frédéric Arnault, the “third son” of the LVMH Group, whose public profile has sparked further discussion.Layered subcontracting in the…

On August 17, 2025, Tesla introduced the “Luxe Package” for its flagship models, the Model S and Model X, in the United States, and increased the prices of all configuration versions of both models by $10,000.Following the price increase, the all-wheel-drive version of the Model S is priced at $94,990, the Model S Plaid version at $109,990, the all-wheel-drive version of the Model X at $99,990, and the Model X Plaid version at $114,990.The “Luxe Package” includes the following four value-added services:1. FSD (Supervised): The vehicle can achieve autonomous driving in almost any location with minimal driver intervention, priced at…

Entering 2025, young people’s consumption concepts become more pragmatic. Not only do we have a careful calculation of daily expenses, but even luxury goods consumption has begun to focus on cost-effectiveness. Guozi, 28, admitted that he had long changed from his past state of “gripping his teeth and buying big names” to his current “actuarial calculations everywhere”.“Only choose the right one in daily consumption, not the expensive ones, cost-effectiveness is the core; you can buy expensive ones for quality consumption, but you must never buy expensive ones. You should spend money smarter now. Almost all the friends around you have…

The artificial intelligence industry is currently embroiled in a fierce “talent war.”Interestingly, top U.S. AI companies are particularly keen on recruiting Chinese talent in their efforts to poach from one another. In fact, Chinese AI experts have long been in high demand in Silicon Valley.At NVIDIA, Jensen Huang personally recruited two AI experts, Zhu Banghua and Jiao Jiantao, who have made significant contributions in the fields of large-scale model architecture optimization and multi-modal AI chip design. Both of these leading AI experts graduated from Tsinghua University and went on to pursue further studies and work in the United States.Looking at…

On August 7, Apple announced a major investment plan, pledging an additional $100 billion in investments in the United States, significantly accelerating the advancement of its localization strategy. As a result, Apple’s total investment commitment in the United States over the next four years will reach $600 billion.At the same time, Apple unveiled an ambitious “American Manufacturing Program” (AMP), aimed at bringing more supply chain links and advanced manufacturing capabilities to the U.S. This program will not only deepen Apple’s own investment Layout across the U.S. but also strongly encourage its global partners to expand production of critical components in…

Recently, Goldman Sachs, one of the world’s top investment banks, sparked widespread market attention with its layoff plans. However, the firm has since abruptly announced the termination of its layoffs, leaving many puzzled: Why did Goldman Sachs make this sudden adjustment?1. Why did Goldman Sachs suddenly halt its layoffs?According to the Financial Times, citing industry sources, Goldman Sachs has decided to cancel its second round of large-scale performance-based layoffs this year. The core reason is that the recovery in investment banking business has exceeded expectations, with stock trading revenue reaching a record high on Wall Street.Looking at specific business areas,…

Deng Wendi, an ordinary girl from Jinan, Shandong Province in China, transformed from the daughter of a factory worker to a global top socialite in just a few decades. She amassed a huge fortune and became a VIP among world-class billionaires and politicians. Her story is controversial. Some view it as a typical example of “getting ahead by relying on men”, while others are amazed by her wisdom and strategies. Deng Wenwei was born in Jinan, Shandong Province. Later, her family moved to Xuzhou, Jiangsu Province. Her father, Deng Dehui, was the deputy factory director of Xuzhou Construction Machinery Factory,…