LVMH Posts Biggest Quarterly Drop Since Dot-Com; UBS Sees Luxury Opportunity LVMH, the owner of Louis Vuitton, Christian Dior, Fendi, Bvlgari, Moët & Chandon, and dozens of other luxury brands, just posted its worst quarter since the dot-com bust era, making it the worst-performing European luxury stock this year as demand for luxury handbags, shoes, watches, perfumes, and wines continues to soften amid an intensifying Middle East conflict. LVMH shares in Paris tumbled 28% in the first quarter, exceeding quarterly declines seen during Covid and the 2008 financial crisis, but not surpassing the 41% third-quarter decline in 2001. Peers Richemont fell 20%, and Hermès slid 25% in the quarter. "Elevated global uncertainty has generated significant investor anxiety, particularly among those who had been anticipating a long-awaited recovery in luxury demand this year. This has driven a sharp sector de-rating across luxury," UBS analyst Zuzanna Pusz wrote in a note for clients on Tuesday. Pusz said geopolitical uncertainty in the Middle East has largely driven de-rating across luxury stocks, leaving sector valuations roughly 15 percentage points below their long-term average relative to the broader market. The selloff also reflects LVMH's mounting problems: soft January guidance, greater exposure to more cash-strapped consumers, and continued weakness in its wines and spirits business, especially Hennessy. As a result, the stock now trades at a 20% discount to its peers. Pusz noted that, despite the grim outlook for luxury, she has not yet seen clear evidence of a real demand slowdown, particularly in Asia, according to recent channel checks. She added, " Against a backdrop of very negative market sentiment and depressed valuations, we think that even modest Q1 beats could be disproportionately rewarded . Fundamentally, we continue to expect sequential improvement for most companies, though selectivity remains critical. CFR and LVMH are our top picks." The Goldman Sachs bas...

(RTTNews) - Biopharmaceutical company Axsome Therapeutics, Inc. (AXSM) announced Wednesday that it has entered into an asset purchase agreement to obtain exclusive global rights to TAK-063 (balipodect), a novel, oral, potent, and selective phosphodiesterase 10A (PDE10A) inhibitor

Andrii Yalanskyi/iStock via Getty Images The tension between labor market softness and ongoing economic growth will define the bond market's path in 2026. Fund strategy Strives for returns in all phases of the economic cycle and mitigates downside risk by proactively managing duration, sector allocation and security selection Diversifies across sectors, guided by an assessment of the market environment and valuations Offers more insightful security selection, thanks to a highly collaborative culture and original, independent, forward-looking research Expense ratio Share class No waiver (gross) With waiver (net) Institutional 0.64% 0.49% A 0.89% 0.74% Click to enlarge From the fund's most recent prospectus. Net expense ratio reflects a contractual fee waiver/expense reimbursement through 08/31/2026, unless sooner terminated at the sole discretion of the fund's board. Fund performance Columbia Total Return Bond Fund Institutional Class shares returned 1.03% for the period ended December 31, 2025. The Bloomberg U.S. Aggregate Bond Index returned 1.10% for the same period. For monthly performance information, visit Financial Professionals | Columbia Threadneedle Investments US . Market overview Amid a softening market for employment, the U.S. Federal Reserve followed up September's quarter-point reduction in its benchmark overnight lending rate with equivalent cuts in October and December, leaving the fed funds target in the 3.50% to 3.75% range. In conjunction with its October meeting, the Fed announced an end to the quantitative tightening program under which it has reduced the size of its balance sheet. However, the Fed's December commentary also indicated caution with respect to additional rate cuts given lingering inflation concerns. The Treasury yield curve steepened slightly over the quarter while the 10-year Treasury yield finished essentially flat, moving from 4.16% to 4.18%. Returns were positive across the U.S. bond market for the fourth quarter. As gauged by...

RoamingPanda/iStock Editorial via Getty Images Introduction Earlier this year, I wrote about Ryman Hospitality Properties ( RHP ) and gave the company a “Buy” rating. As there hasn’t been any other coverage of the company since then, I figure it would be good for me to re-evaluate the company, especially since the company released its Q4 2025 earnings in February. Quick Recap and FY 2025 Results Ryman Hospitality Properties is a unique hospitality REIT with its focus on large-scale, group-oriented convention resort properties. Its portfolio comprises just 7 hotels, but a total of 12,364 rooms and over 3 million square feet of indoor and outdoor meeting space. 5 of its hotels rank among the top 10 largest non-gaming hotels in the country. The company’s business model acts as a moat and is difficult to replicate due to the sheer size of its hotels. This is evident in its customer retention rate of 66%. The company also has a 70% controlling interest in Opry Entertainment Group (OEG), a live entertainment company focused on country music, and owns iconic music brands and venues. 2025 was a challenging year, with macroeconomic uncertainty surrounding tariff policy, government spending, and a federal shutdown all affecting group booking behavior throughout the year. However, the company delivered exceptional results, reporting record revenue of $2.6 billion, a 10% increase over the previous year. It also reported EBITDAre of $794.7 million, above the midpoint of its 2025 guidance. Adjusted Funds From Operations (AFFO) for the year came in at $8.46/share, above the high end of 2025 guidance. The EBITDAre Entertainment segment (its controlling interest in OEG) also came in above the high end of 2025 guidance at $114.5 million. In short, the company’s 2025 results were nothing short of exemplary, delivering record revenues and beating guidance. Balance Sheet In January 2026, the company refinanced and expanded its revolving credit facility from $700 million to $850 million ...

Reviews are in for the sequel to the mega-successful Super Mario Brothers Movie, but not everyone is convinced.

当地时间今天（4月1日）下午，伊朗军队发布声明表示，针对美国和以色列对伊朗实施的空袭，特别是对居民区和非军事目标的袭击，伊朗军方自今天凌晨起发射无人机展开反击行动。声明说，行动中使用了航程约2000公里的“阿拉什-2”无人机，打击目标包括：位于以色列本-古里安国际机场的美军预警机和空中加油机部署地点，以及美军部署在阿联酋的导弹和无人机探测雷达系统，还有用于应对无人机的电子战设施。(CCTV国际时讯)

BigBear.ai (NYSE: BBAI) looks like a failed AI stock, but that may provide for a perfect entry point. A stronger balance sheet, a massive backlog, and a possible new catalyst could just be enough to send the stock soaring once again.

Sergio Delle Vedove Nike's ( NKE ) weak outlook for sales in China is likely to impact a number of apparel and footwear stocks. For FQ3, Nike ( NKE ) said demand in China remained weak and that Greater China revenue fell 10% in the quarter, with Nike Direct down 5% and the wholesale business down 13%. During the earnings conference call, Nike ( NKE ) management noted that it expects Greater China to decline about 20% in FQ4, citing reduced sell-in and actions to clean up the marketplace. The general view from analysts is that the read from Nike ( NKE ) could impact other companies. Under Armour ( UA ) ( UAA ), Deckers Brands ( DECK ), Skechers ( SKX ), and Lululemon ( LULU ) all have some revenue exposure to China. In Europe, footwear makers Adidas AG ( ADDYY ), Puma SE ( PMMAF ), Anta Sports ( ANPDY ) ( ANPDF ), and On Holding AG ( ONON ) will be on watch for share price reactions to the weak Nike ( NKE ) outlook. Shares of Nike ( NKE ) were down 11.0% in premarket action on Wednesday. More on the retail sector Retail Sector Recap: Consumers Pull Back On Weak Outlook Retail Sector Steps Into The Earnings Spotlight, What To Watch For In Q4 Reports Aldi inks a key deal with Instacart to support U.S. push Meet Wonder: The company that wants to be the Amazon of mealtime Seeking Alpha’s Quant Rating on State Street PDR S&P Retail ETF

Micron Technology Stock: Record Earnings and AI Memory Boom Position Shares for Long-Term Growth Ami AD HOC NEWS

我国的光伏装机规模连续多年位居全球第一，随着早期光伏组件陆续达到使用年限，大规模退役潮已经临近。江苏常州一家光伏面板回收企业负责人告诉记者，光伏面板回收的主要利润来自于再生材料的销售。由于拆解和环保成本较为固定，因此规模越大，综合成本越低，毛利率越高。工作人员介绍：“成本也取决于你的规模效应，大概成本在600块钱一吨，现在的毛利率大概在20%。”记者了解到，目前企业拆解的光伏面板，主要来自光伏企业的生产残次品，以及光伏电站因遭遇自然灾害而损毁的面板。业内人士表示，国内光伏行业起步于2005年前后，按面板20至25年设计寿命计算，2026年起，将迎来光伏设备的大规模退役潮。多家企业也开始加紧布局，进一步提升回收处理规模。（央视财经）

CNBC just said something that caught my eye: “This month alone, Nvidia has committed $2 billion each to Lumentum, Coherent, before that $2 billion into Synopsys, a billion into Nokia, stakes in XAI, OpenAI and Intel.” That is an extraordinary amount of capital deployed in a single month, and it tells you exactly what Jensen ... Nvidia commits billions to Lumentum, Synopsys, Nokia, XAI, OpenAI, Intel in March alone

Nvidia commits billions to Lumentum, Synopsys, Nokia, XAI, OpenAI, Intel in March alone Yahoo Finance

Welcome to our guide to the commodities driving the global economy. Today, reporter Nathan Risser looks at the impact of the Iran war on US gasoline prices. The last time the average American was paying $4 a gallon for gasoline was in 2022. Back then, the war in Ukraine was pushing energy markets into crisis, inflation was on the rise and the US president was under growing pressure from an electorate worried about the cost of living. The parallels are obvious today, and it may be no coincidence that President Donald Trump began talking more directly about an end to the Iran conflict the same day that prices at the pump passed that particular milestone. For the 40 million Americans who buy gas each day, their wallets are once again being squeezed by a distant war. The White House has tried a raft of measures to keep energy prices at bay — releasing emergency stockpiles, waving long-standing shipping restrictions and allowing for more ethanol blending this summer. But the moves had little effect. Instead, the average retail cost of gasoline in the US surged more than 30% in March. There was simply too much at play globally for domestic policy to have much impact. The amount of crude inventory being released from emergency reserves paled in comparison to the oil bottlenecked in the Strait of Hormuz. The two-month waiver of protectionist US maritime regulation was scuppered by the tight global shipping markets. These international factors were the ultimate driver of gasoline prices in the US and across the world. After Trump told reporters at the White House on Tuesday that the US could end its war in two to three weeks, with or without a peace deal with Iran, the impact on international markets was stark. West Texas Intermediate crude fell 1.5% on Tuesday and has since extended those losses. After closing above $100 a barrel on Monday for the first time since the conflict began, the US benchmark dipped back below that level on Wednesday morning. How soon costs for US d...

The corporation also says it is "doing more work to understand the detail of what was known by the BBC".

京東集團擬發行5年期和10年期人民幣債券，初始價2.60%區域和3.20%區域 Moomoo

京東集團擬發行5年期和10年期人民幣債券，初始價2.60%區域和3.20%區域 moomoo.com

The global AI chip market is poised for significant expansion with projections indicating a leap from USD 102.89 billion in 2025 to an impressive USD 1354.35 billion by 2035, reflecting a compound annual growth rate (CAGR) of 29.4% during the forecast period. This remarkable growth is largely attributed to the increasing demand for advanced computing capabilities driven by the adoption of AI across sectors such as data centers, cloud environments, and consumer applications. Key technologies,...

格隆汇4月1日｜湖北能源(000883.SZ)公告称，涂山峰因达到法定退休年龄，申请辞去公司第十届董事会副董事长、董事及总经理职务，其原定任期至公司第十届董事会届满之日止。辞职后，涂山峰不在公司及控股子公司担任任何职务。

Robert Way Nvidia's ( NVDA ) $2B investment and strategic partnership with Marvell ( MRVL ) is all about Nvidia's NVLink Fusion, investment firm Wedbush Securities said. “The tie-up includes NVDA and Marvell partnering around NVLink, AI-RAM, and core technologies like optical networking and SiPh,” analyst Matt Bryson wrote in a note to clients. “What we are less certain about is if one of these technology ties in particular is important to NVDA driving the collaboration. We see Marvell, on the other hand, as motivated to consummate this deal given NVDA's $2B investment, regardless of the technical or operation benefits (or lack thereof from partnering with NVDA).” Nvidia's NVLink Fusion is the tech giant's rack-scale artificial intelligence infrastructure that allows hyperscalers and custom application-specific integrated circuit designers (like Marvell) to integrate the custom CPUs and XPUs that they create with Nvidia's NVLink interconnect technology. Marvell produces custom XPUs for several clients, including Microsoft ( MSFT ) and Amazon ( AMZN ). As part of the deal, Marvell will provide custom AI accelerators, or XPUs, and NVLink Fusion-compatible scale-up networking. Nvidia will offer up its Vera CPU, ConnectX NICs, Bluefield DPUs, NVLink interconnect and Spectrum-X switches, and rack-scale AI compute. More on Nvidia and Marvell The Cure For FOMO With Tech Contrarians Marvell's Growth Story Just Changed Nvidia: Something Big Is Coming Nvidia's lead narrows as Chinese chipmakers claim 41% of local market: report Iran threatens attacks on Nvidia, Apple and other tech majors: report

Robert Way Nvidia's ( NVDA ) $2B investment and strategic partnership with Marvell ( MRVL ) is all about Nvidia's NVLink Fusion, investment firm Wedbush Securities said. “The tie-up includes NVDA and Marvell partnering around NVLink, AI-RAM, and core technologies like optical networking and SiPh,” analyst Matt Bryson wrote in a note to clients. “What we are less certain about is if one of these technology ties in particular is important to NVDA driving the collaboration. We see Marvell, on the other hand, as motivated to consummate this deal given NVDA's $2B investment, regardless of the technical or operation benefits (or lack thereof from partnering with NVDA).” Nvidia's NVLink Fusion is the tech giant's rack-scale artificial intelligence infrastructure that allows hyperscalers and custom application-specific integrated circuit designers (like Marvell) to integrate the custom CPUs and XPUs that they create with Nvidia's NVLink interconnect technology. Marvell produces custom XPUs for several clients, including Microsoft ( MSFT ) and Amazon ( AMZN ). As part of the deal, Marvell will provide custom AI accelerators, or XPUs, and NVLink Fusion-compatible scale-up networking. Nvidia will offer up its Vera CPU, ConnectX NICs, Bluefield DPUs, NVLink interconnect and Spectrum-X switches, and rack-scale AI compute. More on Nvidia and Marvell The Cure For FOMO With Tech Contrarians Marvell's Growth Story Just Changed Nvidia: Something Big Is Coming Nvidia's lead narrows as Chinese chipmakers claim 41% of local market: report Iran threatens attacks on Nvidia, Apple and other tech majors: report

Nvidia, Marvell deal all about NVLink Fusion, Wedbush says (NVDA:NASDAQ) seekingalpha.com

After a friendly defeats by Japan and Ivory Coast, which Scotland players are the winners and losers of the international break?

格隆汇4月1日｜超捷股份(301005.SZ)公告称，公司员工持股平台泰州誉威投资有限公司和泰州文超投资有限公司计划以集中竞价交易方式减持公司股份。其中，泰州誉威拟减持不超过120.50万股(占总股本比例0.90%)，泰州文超拟减持不超过57.12万股(占总股本比例0.43%)，合计减持比例不超过1.33%。减持原因为自身资金需求，减持期间为自本公告披露之日起15个交易日后的三个月内。

In the last week, the United States market has stayed flat but is up 16% over the past year, with earnings forecasted to grow by 15% annually. In this context, identifying high growth tech stocks involves looking for companies that demonstrate strong potential for sustained revenue and earnings expansion in alignment with these broader market trends.

小鹏集团副总裁、智能座舱负责人魏斌已于近期离职，此前因家庭原因处于休假状态。目前，小鹏智能座舱中心与自动驾驶中心合并成立通用智能中心，由刘先明管理。（21世纪经济报道）

Group cuts costs as shares plunge while it grapples with impact of Iran war on property market Business live – latest updates One of Britain’s biggest housebuilders has said it will stop buying new land and hiring new staff, as it grapples with the impact of the Iran war on the property market. Berkeley, a London-focused housebuilder, said it would cut costs as it warned that “geopolitical volatility” and “reduced potential” for interest rate cuts could weigh on the business. Continue reading...

中共中央政治局常委、国务院总理李强3月30日至4月1日在四川调研。他强调，要深入贯彻落实习近平总书记关于绿色发展和建设能源强国的重要论述，实施好能源安全新战略，坚持创新引领，发挥资源禀赋优势，持续扩大绿电供给，着力推进新型电网建设，加快能源结构调整优化，为经济社会高质量发展提供有力支撑。(新华社)

(RTTNews) - Conagra Brands Inc. (CAG) reported earnings for its third quarter that Increases, from last year

【李强在四川调研时强调 着力推进新型电网建设 加快能源结构调整优化 为经济社会高质量发展提供有力支撑】财联社4月1日电，中共中央政治局常委、国务院总理李强3月30日至4月1日在四川调研。他强调，要深入贯彻落实习近平总书记关于绿色发展和建设能源强国的重要论述，实施好能源安全新战略，坚持创新引领，发挥资源禀赋优势，持续扩大绿电供给，着力推进新型电网建设，加快能源结构调整优化，为经济社会高质量发展提供有力支撑。 李强先后来到成都市、德阳市，考察新能源开发和相关装备制造企业等。在通威全球创新研发中心，李强听取光伏技术攻关介绍，进入车间察看电池组件研制情况。他说，近年来，光伏技术的进步有效提高了太阳能利用水平。要大力支持企业探索创新，加大研发投入、努力突破关键技术瓶颈，打通各类应用场景，加快新技术规模化应用。在雅砻江流域水电开发有限公司，李强了解水风光一体化基地开发等情况，听取四川省新型电网建设汇报。他指出，新型电网建设对于保障能源安全、促进绿色发展具有重要意义。要积极探索新架构、新技术、新服务，完善网络建设，提升系统协同和调节能力，强化多元需求保障，打造安全可靠、绿色低碳、坚强韧性、智能灵活的新型电网。四川是我国重要清洁能源基地，要推动水风光氢天然气等多能互补，在清洁能源开发利用和新型电网建设方面走在前列，积极推进新型能源体系建设，同时更好带动相关产业发展。在国机重型装备集团股份有限公司和东方电气集团东方电机有限公司，李强了解企业最新科研成果，察看核电、水电等装备及核心零部件。他勉励企业瞄准科技前沿和市场需求，推动人工智能等先进技术与制造业深度融合，不断在清洁能源装备制造等领域取得新突破，更好服务我国新能源产业发展和能源转型。 李强来到岷江紫坪铺水利枢纽工程，察看紫坪铺水库库区，了解四川省水利建设等情况，随后考察了都江堰水利工程。李强说，治水是利在千秋的事业。要传承发展治水智慧，加快水利设施现代化，更好发挥防洪、灌溉、供水、发电、生态等综合功能，以治水兴水的新成效造福于民。在广汉市“天府粮仓”万亩小麦单产提升示范区，李强走进田间察看小麦生长、水稻育秧、无人机作业，与农技专家、种粮农户交流。李强说，当前正值春耕春播，要紧抓农时做好农资供应、技术服务等工作，加大智慧农机等新技术新装备应用，高标准抓好田间管理。要发挥种粮大户带动作用，创新农业经营方式，落实好惠农政策，强化种粮收益...

消费者对官方转票平台需求强烈，行业亟需在遏制黄牛与保障消费者灵活权益之间建立分级制度与规范化流转机制。 日前，艾瑞咨询发布《2023-2025年中国演出票务行业发展趋势报告》（下称“报告”），总体来看，一级平台依旧是大麦、猫眼和票星球三分天下，二级平台头部也仍然是淘宝、闲鱼和摩天轮，各家企业在业务发展方向上差异化明显。值得注意的是，随着强实名制的落地，当下消费者在网络上的发声更多集中在退票问题上。 黑猫投诉2024年娱乐票务领域投诉数据报告显示，在超7.7万件娱乐票务投诉中，46.6%的投诉是关于演出票务的，而其中有一半都是关于退换票的投诉。报告通过调研发现，超过85%的消费者都会主动关注演出票务的退票规则，最关心退票的手续费率，比例接近70%，其次是退票的时间窗口期，关注度为65.4%。 “实名制对于严格控制票务规范，防止黄牛贩卖是非常有好处的，一旦捆绑了购买者身份信息，那么黄牛无法再次加价销售。但对于一些的确需要退改票的客人则造成了一定的困扰，或者有些朋友之间如果赠送，也存在壁垒，因为绑定身份后也无法流转，即便不是商业用途，也无法操作。”资深文旅分析人士、高级经济师赵焕焱告诉第一财经记者。 报告分析，退改票难的原因，一方面是消费者对演出票务的认知不清，并不知道主办方有前期不可逆的成本支出，也有部分消费者因为自身非不可抗力原因存在不合理的退票要求。另一方面，目前政策端的设计略显粗放，与强实名制规定也有一定内在矛盾，强实名制政策在推行两年多后，积极意义是显而易见的，即从政策端极大程度遏制了黄牛，保障了消费者能获得更多的票量。但同时消费者在强实名要求下无法对票进行自由支配，官方退票成为唯一渠道，需要独自承担退票手续费，这种高风险状态，导致了消费者与直接购票的票务平台之间关系更剑拔弩张。 中国演出行业协会公布的数据显示，2025年全国营业性演出（不含娱乐场所演出）场次达64.04万，增长6.58%。 “这么多的演出场次，难免会涉及退票、改签等，对于黄牛肯定要控制炒作门票，但对于正常的消费者还是要有灵活度，应该要有合理退改票的方法。”消费者张女士告诉记者，自己此前就遇到过退改演出票难的问题。 针对退票的困局，艾瑞报告通过消费者调研、专家访谈尝试性提出了解决方案——仿效大型体育赛事，设置官方转票平台，通过调研发现，从消费者的角度对于一键转票服务是非常期待的，期待度高达90....