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On September 26, Bloomberg cited sources as saying that, to address soaring diesel prices, Trump administration officials are exploring a series of measures, including suspending the fuel tax and lifting restrictions on the sale of dyed diesel. Senior officials including U.S. Vice President Vance, Energy Secretary Wright, Interior Secretary Burgum, and Treasury Secretary Bessent participated in the discussions. U.S. diesel prices have remained high at $6.50 per gallon, and Trump’s proposal earlier this week to suspend exports instead drove up diesel futures prices, sparking strong opposition f

Microsoft co-founder Bill Gates warned that artificial intelligence (AI) is already “powerful enough” to help cause the deaths of a significant portion of humanity. He thereby joined a growing number of technology industry leaders and professionals calling attention to the existential risks that AI may pose.
In an excerpt from an interview with the media that will air this weekend, Gates said: “AI is certainly already powerful enough to drive events that could cause, say, 1 billion deaths. There has never been a weapon in history as powerful as the latest AI tools in the hands of someone with

On Thursday, CPU-related stocks surged on news that Meta had released a small handheld device called “Meta Charm,” driving the Nikkei 225 higher. The device is designed to run Meta’s new Muse AI assistant, stimulating demand for key computer components. As of the midday break, the Nikkei was up 1.33%, while the TOPIX edged up 0.12%. Kazuaki Shimada, chief strategist at IwaiCosmo Securities, said the news boosted the share prices of other CPU-related companies. Socionext, Meiko Electronic and Ushio Inc all rose more than 10%. Chip-testing equipment maker Advantest gained 4%, while SoftBank Grou

On September 23, U.S. Secretary of State Marco Rubio said that both Russia and Ukraine had expressed interest in a limited ceasefire involving the food and energy sectors. He said both sides had regarded energy facilities as a strategic focus among their war targets, and that negotiations on an energy ceasefire would be extremely difficult, but the United States was willing to play a constructive role in advancing the process. Rubio also said he had discussed the Russia-Ukraine conflict and bilateral U.S.-Russia relations with Russian Foreign Minister Sergei Lavrov, and hoped that Russian Pres

Gelonghui, September 22 | Joint Organisations Data Initiative (JODI): Saudi Arabia’s crude oil exports increased by 131,000 barrels per day month-on-month in July to 4.125 million barrels per day. Saudi Arabia’s demand for petroleum products in July decreased by 52,000 barrels per day to 2.582 million barrels per day; direct crude oil burning decreased by 22,403 barrels per day to 561,097 barrels per day; petroleum product exports increased by 94,000 barrels per day to 1.122 million barrels per day; crude oil inventories increased by 31.422 million barrels to 175.632 million barrels; domestic

The three major A-share indexes all rose today. At the close, the Shanghai Composite Index was up 0.97%, the Shenzhen Component Index was up 0.65%, the ChiNext Index was up 0.8%, the BSE 50 was up 1.32%, and the STAR Market 50 Index was up 0.29%. Market-wide turnover totaled 2.0481 trillion yuan, down 44.8 billion yuan from the previous session, with more than 4,500 stocks rising. The real estate, shipping, banking, and coal sectors all strengthened in the afternoon; ADC and CRO led the concept sectors throughout the day, while home appliances, gold, and highways lagged.
Overview of all-market

On September 20, Jiang Zhuoer, founder of LitecoinPool, stated that after ZEC fell to $1,445, Garrett Jin’s previous short position in ZEC, which drew market skepticism, may have been deliberately intended to create a counterparty and attract retail investors to go long; with the “target” disappearing after he revealed his massive spot holdings, the approximately 200k ZEC he holds (about 1% of the total supply) could also become potential selling pressure. He therefore believes the current ZEC rally may be nearing its end. Faced with such a “market-maker coin,” he is at an information disadvan

Recently, the Federal Reserve’s rate hike finally materialized, and international gold prices rebounded after an earlier period of volatility and adjustment. On September 17, the spot gold price rose 1.82%; on September 18, gold extended its gains, and as of press time, the spot gold price was up 1.04% at $4,383.35 per ounce. As interest rate expectations and allocation demand interact, gold’s subsequent trend has become a key market focus. Analysts believe the rate hike itself will have a limited impact, and gold’s subsequent trend will depend on the relative strength of the narratives that t

Goldman Sachs maintains its forecast for gold prices at $5,400 per ounce by the end of 2027. Goldman Sachs said that although the latest U.S. rate hike may lead to tighter monetary policy, tighter monetary policy could slow gold’s rise but would not change its long-term bullish outlook. In its report, Goldman Sachs said it expects “the impact of tighter monetary policy to be reflected mainly in a slower short-term appreciation path for gold, rather than a lower terminal gold price”; continued reserve diversification by central banks remains the main structural driver behind its bullish view on

CLS reported on August 31 that Goldman Sachs said in a report that the global refining market is expected to tighten due to the war in the Middle East and the Russia-Ukraine conflict, prompting the bank to more than double its forecast for diesel production margins. “The increase in attacks on refineries in the Middle East and Russia has further constrained already-tight global refining capacity, pushing refined-product margins to record highs,” Goldman analysts wrote in the report. “Diesel remains at the center of this rally.” The analysts said refinery shutdowns are 60% above seasonal normal

On August 30, SK Hynix CEO Kwak Noh-jung said the global memory chip shortage is expected to last through the end of 2030, while the risk of oversupply is low because in the AI era, memory chips are no longer “simply standardized commodities.” Although the market is concerned about an AI investment bubble, he said he “does not see” signs of oversupply risks or a potential memory downcycle, as demand from AI customers remains strong. “If we move past the AI peak, or if another downcycle emerges in the future, challenges may arise. But I believe the next downcycle will be different from the down

Morgan Stanley pointed out that the rise of Chinese memory manufacturers cannot simply be viewed as technological catch-up or low-price substitution. What is truly worth noting is that their production capacity could gradually become large enough to reshape the supply structure of the global memory market. CXMT and YMTC are currently entering through the mainstream product market and gradually expanding into high-margin markets such as HBM, high-end server DRAM, and enterprise SSDs.
Morgan Stanley views 2028 as an important time point for observing changes in the global memory competitive land

Tencent has released and open-sourced Hy4 preview. The new model uses a MoE architecture, with 770B total parameters, 49B activated per inference, and a context window expanded to 1M. Compared with Hy3's 295B total parameters, 21B activated parameters, and 256K context window, this generation is more than twice as large, while its long-context capacity has also expanded by approximately 4x.
This time, Tencent has focused not only on general benchmarks, but also on real-world tasks such as coding, office work, gaming, and scientific research. For example, the model can build a Three.js 3D websi

On August 7, the U.S. Court of Appeals for the Second Circuit issued a formal order upholding the conviction and sentence of former FTX CEO Sam “SBF” Bankman-Fried. A lower court had previously found him guilty on seven felony counts and sentenced him to 25 years in federal prison.
The three circuit judges rejected Bankman-Fried’s appeal claims that FTX had sufficient liquidity, investors could be fully repaid, and no losses would occur, and upheld the $11 billion forfeiture order issued by a New York court in the criminal case.
In the opinion, Circuit Judge Barrington D. Parker said that even

On July 26, according to Caixin Global, OpenAI and Anthropic held closed-door discussions in Washington with U.S. regulators, seeking to push for stronger restrictions on open-source models. What was originally a debate over technical roadmaps has now escalated into a contest over who gets to set the rules for the industry. The core context behind why OpenAI and Anthropic want to restrict open source is that Chinese AI companies have made rapid breakthroughs in the capabilities of open-source models in recent years. Open-source models lower the barrier for enterprises and developers to use adv

The New York Times reported that several people with knowledge of the matter said that during this month’s NATO summit in which US President Trump participated, the Secret Service advised him to switch aircraft when leaving Turkey after the US side found that Iranian proxy forces may have planned an attack targeting Trump and his presidential aircraft. The report said that when Trump arrived in Ankara, Turkey, he boarded a new Boeing 747-8 aircraft donated by Qatar, but the plane had not yet been equipped with advanced defense systems at the same level as the traditional “Air Force One.” After

On June 28, according to Galaxy Research, a wallet that had not been touched since first receiving Bitcoin on June 24, 2011 (sleeping for 15 years) held 5.75 BTC (approximately $345k) and just transferred in block 955765.
Profit: realized gain of approximately $345k, return rate of 342,294%, cost basis of approximately $18/BTC, holding period of 15 years
Time of event: June 28, 2026, 05:30 (UTC)

On June 6th, Federal Reserve's Harker stated that as the labor market appears to be balancing, recent rate hikes may be appropriate. Harker said that although she does not pay excessive attention to any single data point, today's employment report once again confirms that the labor market seems to be roughly in balance. She stated that the unemployment rate remains at 4.3%, "which is essentially consistent with my definition of maximum employment." "Given the uncertainty about the economic outlook, it is reasonable to keep interest rates steady for now. But if recent trends continue, action ma

On June 3, in his final routine speech before a highly anticipated policy meeting scheduled soon, Kazuo Ueda, Governor of the Bank of Japan, said that the Bank of Japan needs to continue raising interest rates based on economic conditions and inflation. Ueda said, “For example, if the central bank judges that the probability of achieving the baseline scenario will increase—that is, if tensions in the Middle East gradually ease, and with moderate economic growth, core inflation will gradually return to around 2%—then I believe the central bank will continue to raise the policy interest rate at

On May 30, according to CCTV Finance, at a meeting hosted by investment firm Bernstein, the CEO of U.S. oil major Chevron, Mike Worth, said that due to the situation in Iran, global crude oil inventories have been continuously falling, and oil prices are very likely to rise over the next two months. The Financial Times reported that Worth’s remarks reflect widespread concern: even if the parties to the conflict finalize a ceasefire agreement, the conflict’s negative impact on energy prices will continue for several months. In addition, according to CNN on the 28th, affected by the ongoing geop