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Trump Hosts Crypto Buyers at Mar-a-Lago as Token Value Crashes

Key Points: President Donald Trump hosted 297 top buyers of his personal cryptocurrency at his Mar-a-Lago club in Florida. The $TRUMP token lost over 95 percent of its value, dropping from a $75 peak down to roughly $2.60. The Trump family earned more than $1 billion from crypto sales while retail investors lost their money....

Japan Steel Production Drops to Lowest Level Since 1968

Key Points: Japan produced 80.33 million tons of crude steel in fiscal 2025, down 3.2%. The decline represents the fourth consecutive year of shrinking factory output. Chinese overproduction and cheap electric vehicles severely damage Japanese market share. March saw production fall by 4.1%, continuing a negative trend for 12 straight months. Japan's steel industry faces...

China Warns US Congress Over New Semiconductor Export Bans

Key Points: Beijing strongly warned the US Congress that new chip export bills will severely damage global supply chains. The House Foreign Affairs Committee recently approved new laws to block advanced artificial intelligence and chip technology from reaching China. Chinese officials accused American lawmakers of using national security as a fake excuse to hurt normal...