Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock exchange, reported record high annual profit for the second straight year, thanks to higher market turnover and robust listing activity, it said in a stock exchange filing on Thursday. Net profit in 2025 increased 36 per cent to HK$17.75 billion (US$2.28 billion), or HK$14.05 per share, from HK$13 billion a year earlier, which was also a record. The result beat market expectations of HK$17.44 billion. The bourse...

Even The Best AI Scenario Is The End Of Everything We've Ever Been Authored by Edward Ring via American Greatness, In 1999, I had the privilege of working for one of the first companies to develop a product that would transmit video on the fledgling internet. Broadband access was still a few years away, and the company floundered when the first so-called internet bubble burst in early 2000. But I’ll never forget the reaction an investor had when he viewed our demo at a tradeshow. “This is a revolution,” he exclaimed. “This is going to change everything.” He was right, of course. I remember attending a tech investor conference only a few years earlier and having a chuckle while listening to Oracle CEO Larry Ellison somberly proclaim that the dawning internet was the most profound scientific development in human history “since the invention of fire.” And Ellison was also correct. But the invention of AI is to the internet what the internet was to bringing fire into the prehistoric cave. What’s coming with AI makes the internet look like a baby step by comparison. Nothing will ever be the same. A must-read essay by AI entrepreneur and founder of the company “OthersideAI,” Matt Shumer, makes clear just how much and how quickly AI is changing our lives. Posted on his personal website on February 9 and then on X on February 10 , the essay has gone viral. Within just two days, it generated 76 million views on X. One of Shumer’s most memorable paragraphs from this essay, which he says AI tools helped him write, is where he quotes Dario Amodei, the CEO of Anthropic: “Imagine it’s 2027. A new country appears overnight. 50 million citizens, every one smarter than any Nobel Prize winner who has ever lived. They think 10 to 100 times faster than any human. They never sleep. They can use the internet, control robots, direct experiments, and operate anything with a digital interface.” That’s not far off. With ample evidence, Shumer explains how not only is Amodei correct in his de...

Dorman Products press release ( DORM ): Q4 Non-GAAP EPS of $2.17 beats by $0.05 . Revenue of $537.9M (+0.8% Y/Y) misses by $35.48M . More on Dorman Products Dorman Products: Strong Performance, Interesting Prospects, Reaffirming 'Hold' Seeking Alpha’s Quant Rating on Dorman Products Historical earnings data for Dorman Products Financial information for Dorman Products

ADTRAN press release ( ADTN ): Q4 Non-GAAP EPS of $0.16 beats by $0.08 . Revenue of $291.56M (+20.0% Y/Y) beats by $9.17M . For the first quarter of 2026, the Company expects revenue to be within a range of $275.0 to $295.0 million. Non-GAAP operating margin is expected to be within a range of 4.0% to 8.0%. More on ADTRAN Adtran: High Debt And Growing Receivables Continuing To Weigh On Stock (Technical Analysis) ADTRAN Q4 2025 Earnings Preview Adtran sees Q4 revenue above forecast at $290M–$293M Seeking Alpha’s Quant Rating on ADTRAN Historical earnings data for ADTRAN

韩国反垄断监管机构周四表示，已对电子商务巨头Coupang处以 21.9 亿韩元（约合154 万美元）的罚款，原因是该公司向供应商施压，要求降低价格并承担广告费用，以达到其目标利润率。 韩国公平交易委员会（FTC）表示，Coupang还被发现拖欠供应商款项，并未支付逾期利息，这违反了《大型零售企业公平交易法》。 韩国公平交易委员会发布了整改指令以解决这些违规行为。 该机构表示：“作为在线购物市场中的主导企业，Coupang强迫供应商做出让步，以维持自身的利润空间。” 韩国公平交易委员会还表示，最新的举措旨在改革Coupang的利润管理方式以及其对供应商施压的其他核心业务模式，以防止此类情况再次发生，并改善在线购物领域的不公平交易行为。 责任编辑：于健 SF069

CGTN published an article on German Chancellor Friedrich Merz's official visit to China from February 25 to 26. The article highlights the significance of the visit and analyzes – from economic and political perspectives – how China and Germany have written a successful story of win-win cooperation, and how their partnership injects stability into China-Europe relations and global governance. BEIJING, Feb. 25, 2026 (GLOBE NEWSWIRE) -- German automaker BMW announced plans in April 2025 to start i

寧德時代(03750)出現大手賣出2.56萬股，成交價$501.0，涉資1.283千萬 AASTOCKS.com

騰訊控股(00700)出現大手買入3萬股，成交價$514.0，涉資1.542千萬 AASTOCKS.com

Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha More on Trade Desk The Trade Desk, Inc. 2025 Q4 - Results - Earnings Call Presentation The Trade Desk, Inc. (TTD) Q4 2025 Earnings Call Transcript The Trade Desk Q4 Preview: I Was Wrong (Rating Downgrade) The Trade Desk outlines at least $678M Q1 revenue target as AI innovation and CTV momentum continue The Trade Desk plunges as soft Q1 outlook overshadows earnings beat

格隆汇2月26日｜据央视新闻，伊朗外交部26日发布声明，称伊朗外交部长阿拉格齐与阿曼外交大臣巴德尔25日晚已在日内瓦会面。声明说，这意味着伊美第三轮间接谈判正式开始。声明表示，阿拉格齐在会谈中阐述了伊朗在核问题和解除对伊制裁方面的立场，并表示谈判的成功需要对方的认真态度，避免出现相互矛盾的行为和立场。巴德尔则表示，阿曼赞赏伊朗推进外交途径解决问题的决心，希望谈判能取得双方都满意的结果。

FS KKR Capital ( FSK ) declares $0.45/share quarterly dividend , -29.7% decrease from prior dividend of $0.64. The company also announced a supplemental distribution of $0.03 per share. Forward yield 13.51% Payable April 2; for shareholders of record March 18; ex-div March 18. See FSK Dividend Scorecard, Yield Chart, & Dividend Growth. More on FS KKR Capital Ares Capital Vs. FS KKR: Buy The Winner, Avoid The Outsider FS KKR: Investing In The Bonds Looks Better Than Trading The Bottom Now FS KKR Capital: NAV Discount Reflects Hidden Portfolio Risks FS KKR Capital stock dips after Q4 earnings miss, dividend cut by ~30% FS KKR Capital Q4 2025 Earnings Preview

lyash01/iStock via Getty Images Australia's BlueScope Steel ( BLSFF ) said early Thursday the revised takeover offer from Steel Dynamics ( STLD ) and Australian conglomerate SGH Ltd. undervalues the company but added that it remains open to a better offer. Steel Dynamics ( STLD ) and SGH last week submitted a sweetened "best and final" offer, raising their bid to A$32.35/share, which valued BlueScope's ( BLSFF ) equity at ~US$11B, but the Australian steelmaker said the revised proposal "does not adequately address our valuation concerns." "The board remains open to a transaction at a price that reflects the fair value of BlueScope," the company also said. Under the offer, SGH would acquire all of BlueScope’s ( BLSFF ) assets and then sell the North American businesses to Steel Dynamics ( STLD ), which has been involved in five bids for BlueScope since late 2024. BlueScope ( BLSFF ) owns a steel mill in Ohio, which Steel Dynamics ( STLD ) covets at a time of stronger demand for locally produced steel in the U.S. due to tariffs on imports. More on Steel Dynamics and Bluescope Steel Steel Dynamics: Verdict Is Still Out On Trump Tariffs Issue Steel Dynamics: Free Cash Flow Inflecting, But Valuation Is Full BlueScope Steel Q2 2026 Earnings Call Presentation

美国进口商承担了绝大部分的关税成本，出口商并未明显降价；无论分国别还是分行业，外国出口商几乎没有主动降价 第一层传导：从出口商到进口商的价格传递 我们将关税传递率定义为传递率 =（进口价格变化 + 关税变动）/ 关税变动。传递率=1表示出口商维持价格不变、美国进口商承担全部关税；传递率<1表示出口商降价分担部分成本。 研究发现美国进口商承担了绝大部分的关税成本，出口商并未明显降价。2025年传递率高达92%。无论分国别还是分行业，2025年传递率普遍接近100%，表明外国出口商几乎没有主动降价。 我们基于HS10位级别进口数据，构建了一个大规模面板数据集：535万观测值（8国×20，868产品×108个月），覆盖中国、墨西哥、加拿大、越南、日本、德国、韩国、印度，时间跨度为2017年1月至2025年12月。 推荐进入 财新数据库 ，可随时查阅宏观经济、股票债券、公司人物，财经数据尽在掌握。

格隆汇2月26日｜据新京报，特斯拉中国官宣新一轮购车金融优惠政策，在3月31日前下单，全系车型均可享受7年超低息贷款。其中Model3、ModelY及ModelYL三款主力车型，可额外选择5年0息方案，贷款购车无需支付任何利息，此举被业内普遍解读为又一轮“变相降价”，旨在进一步提振终端销量。2026年1月，特斯拉中国就曾发布类似促销方案，当时活动期限至1月31日。数据显示，特斯拉中国2025年批发销量总计85.17万辆（包含国内交付和海外出口），同比下降7.08%。

EyeEm Mobile GmbH/iStock via Getty Images Overview Market indices continue to trade choppy as technology pulls back from its highs and there's some renewed tariff drama. While equity investors wait for the volatility to cool, income investors can preserve capital and collect cash flow in the meantime. The Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust ( GBAB ) can act as a hedge against market indices by providing a reliable monthly income that is disconnected from the equity market. When I previously covered GBAB, I issued a hold rating due to the questionable dividend coverage. Since my last coverage, GBAB has released an updated semi-annual report that prompted me to revisit the fund's performance and outlook for the remainder of the year. Looking at the performance over the last twelve months, we can see that the share price has declined by 1.3%. Despite the deterioration in the debt markets, GBAB has mostly remained resilient. When including all distributions that were paid out to shareholders, the total return jumps up to 8.8% over the same time frame. GBAB now offers investors a starting dividend yield of 9.8% while issuing payouts on a monthly basis. Based on the latest reporting, it seems like GBAB may be on track to generate sufficient earnings to support payouts for the 2026 period. However, the high payouts may be negatively impacting the NAV growth. Data by YCharts GBAB now trades at a slightly higher premium to NAV valuation compared to my last coverage. Despite this, I believe that the fund still trades at a reasonable valuation for investors that are optimistic about the outlook of interest rates. Unfortunately, the growth potential is likely to stay limited as long as interest rates remain elevated, due to the vulnerability of GBAB's portfolio and the inclusion of leverage as part of its operating strategy. So let's start by taking a look at the underlying strategy that GBAB implements to generate its earnings. Fund Strategy Accordi...

Hong Kong’s stock exchange posted a 15% gain in net income as a flood Chinese firms sought to sell shares and trading jumped. Hong Kong Exchanges & Clearing Ltd. delivered net income of HK$4.34 billion ($555 million) during the three months ending December, according to a statement on Thursday. The exchange has been hitting record earnings as initial public offerings and equities trading revived, fueled by artificial intelligence boom and a renewed interest in investing in China. The city saw 119 listings raising a total of US$36.7 billion, reclaiming the global top spot after some tepid years. “In 2025, HKEX reinforced its role as a global superconnector, regained its position as the world’s leading venue for IPOs and set new trading as well as financial performance records,” Chief Executive Officer Bonnie Chan said in a statement. Core revenue rose 11% in the quarter, while equity trading jumped 22%. Hong Kong Regulator Urges IPO Auditors to Safeguard Quality Banker Shortage Pressures Hong Kong Firms Handling IPO Boom (2) Hong Kong Regulator Ramps Up Warnings Over Poor IPO Filings (1)

伊朗外交部26日发布声明，称伊朗外交部长阿拉格齐与阿曼外交大臣巴德尔25日晚已在日内瓦会面。声明说，这意味着伊美第三轮间接谈判正式开始。声明表示，阿拉格齐在会谈中阐述了伊朗在核问题和解除对伊制裁方面的立场，并表示谈判的成功需要对方的认真态度，避免出现相互矛盾的行为和立场。巴德尔则表示，阿曼赞赏伊朗推进外交途径解决问题的决心，希望谈判能取得双方都满意的结果。（央视新闻）

企查查APP显示，近日，京东科技信息技术有限公司申请公布“用于机器人的导航方法、装置、机器人和计算机可读介质”专利。专利摘要显示，该方法的一具体实施方式包括：根据当前导航信息，确定目标观测点；对于获取的候选运动轨迹组中的每个候选运动轨迹，确定候选运动轨迹上的轨迹点朝向目标观测点的视线信息；根据确定的视线信息，从候选运动轨迹组中选取候选运动轨迹；根据选取的候选运动轨迹生成目标运动轨迹，根据目标运动轨迹进行导航。该实施方式与智能机器人有关，有助于实现机器人导航过程中的主动安全保障和流畅避障。（人民财讯）

近日，汉得信息大客户数智化事业部群与罗欣药业集团股份有限公司（简称“罗欣药业”）达成深度合作。双方基于H-AI汉得AI中台，共同构建企业级统一数字化智能底座，通过“场景深耕+平台筑基”的创新模式，成功推动订单智能预审、医药知识问答，以及招商风控等核心场景落地。(人民财讯)

德国总理默茨26日抵达浙江杭州，继续中国之行。杭州是默茨此次访华的第二站。默茨是25日抵达北京开始对中国进行为期2天的正式访问的。(新华社)

寶馬與寧德時代合作聚焦電池供應鏈協同降碳- 財經快訊 dotdotnews

寶馬與寧德時代合作聚焦電池供應鏈協同降碳- 財經快訊 點新聞

格隆汇2月26日｜英伟达CEO黄仁勋表示，美国国防部有权以服务其利益的方式使用他们采购的技术和产品，同样地，Anthropic也有权决定如何营销其产品，以及产品可以用于哪些类型的案例。黄仁勋表示：“所以我认为他们双方都有各自合理的视角。”“我希望他们能解决这个问题，但如果解决不了，那也不是世界末日，”黄仁勋指出，Anthropic并非世界上唯一的AI公司，而国防部也不是唯一的客户。

Earnings Call Insights: RxSight, Inc. (RXST) Q4 2025 Management View Ronald Kurtz, President and CEO, welcomed Mark Wilterding to his first earnings call as CFO and asked him to review the quarter's results and key business drivers. Kurtz noted, "2025 was a year of meaningful progress for RxSight... as together, we advance the delivery of our life-changing LAL technology around the world." Mark Wilterding, Chief Financial Officer, reported, "RxSight reported fourth quarter 2025 sales of $32.6 million, down 19% year-over-year due to lower LDD sales... we exited 2025 with an LDD installed base of 1,134 units, up 17% from the 971 units installed at the end of 2024." Wilterding added, "Fourth quarter 2025 SG&A expenses were $27.7 million, down 2% compared to the prior year period," and "we reported a net loss in the fourth quarter of 2025 of $9.2 million or $0.22 per basic and diluted share." Kurtz highlighted strategic decisions in 2025 to strengthen clinical and practice expertise, focusing on training, education, and support for both new and existing practices. He emphasized, "procedure volumes improved sequentially in the fourth quarter, driven primarily by LAL utilization within our customer base." Kurtz announced, "data from our post-approval study were accepted for publication... 93% of LALIs achieved both spherical equivalent and residual cylinder within half diopters of target, demonstrating statistically superior refractive accuracy compared to historical studies." Outlook Wilterding provided full year 2026 revenue guidance of $120 million to $135 million, noting, "implies a year-over-year decline of approximately 5% at the midpoint of the range, primarily driven by lower LDD sales versus the year ago period." Gross margin guidance for 2026 was set at 70% to 72%, with Wilterding stating, "We've taken a prudent view... to reflect the sell-through of higher cost inventory due to lower than originally anticipated production levels in 2025." Operating expenses for...

东莞召开2026年全市“资本赋能 服务强企”动员部署大会，东莞市上市公司协会会长林海川在会上表示，资本市场“东莞板块”未来可期，未来将力争实现上市公司数量破百家的历史性突破，推动“东莞板块”总市值向万亿规模迈进。林海川透露，五年来，东莞资本市场实现了“量”与“质”的双飞跃，境内外上市公司达87家，A股总市值突破8000亿元大关，形成了独具特色的“东莞板块”。 (上证报)

最高人民法院指，涉及緬北電騙案的明家及白家犯罪集團案，已完成全部審理程序。 最高人民法院召開記者會指，緬北「四大家族」犯罪集團涉及的電騙案，受到境內境外廣泛關注，目前明家及白家兩大犯罪集團案，全部審理程序已經完成，39人被判無期徒刑以上刑罰，當中16人被判死刑，立即執行。兩大跨境武裝犯罪集團被徹底摧毀。 截至2025年底，內地法院已經一審審結至少2.7萬宗涉及緬北電騙的案件，有至少4萬涉案回流人員被判刑。