中國水利部公布，在 「十四五」（2021-2025年） 期間，全國已治理水土流失面積超過34萬平方公里。這項數據顯示中國在國土生態保護與修復方面取得階段性成效。 水土保持率提升至73%以上 同期，全國共完成約11.6萬平方公里的水土流失治理任務，使全國水土保持率提升至73%以上。水土保持率是指一個國家中水土條件良好的面積占國土總面積的比例，這一指標的上升，反映全國水土資源管理持續改善。 標誌人與自然趨向和諧共生 水利部指出，最新數據體現中國在水土資源管理上的進步，標誌著人與自然趨向更加和諧的共生關係。通過系統性治理，不僅有效控制水土流失對土地資源的破壞，也有助於提升生態系統穩定性，為可持續發展奠定基礎。 中國持續推進水土流失綜合治理，是落實生態文明建設與國土空間保護的重要舉措，旨在實現生態環境質量整體改善與綠色發展的長期目標。

Explore the exciting world of Vital Farms (NASDAQ: VITL) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of Jan. 21, 2026. The video was published on Feb. 27, 2026. Continue reading

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意大利米蘭市發生電車出軌事故，導致2人死亡幾十人受傷，傷者全部沒有性命危險。 事發於星期五下午4時左右，電車出軌後撞向一幢建築物，導致1名乘客和1名途人死亡。 當地官員表示，事發時這輛電車正高速行駛，去到一個轉軌位置時，本來應該繼續直行，但就突然轉彎並且幾乎翻側。 市長薩拉示意，事故是人為錯誤造成，指司機未能改變轉轍器方向，以保持電車直線行駛，又指事發前司機在上一個車站飛站。這名司機在事故中亦受傷送院，將會在醫院接受問話。

购汇和资本流动交易成本的边际变化不改变汇率基本面，维持对人民币趋势性升值的判断 2月27日，央行宣布下调远期售汇风险准备金率至0，并宣布支持境内银行与境外机构开展人民币跨境同业融资业务。前者旨在降低远期购汇交易成本，边际削弱人民币升值动能，后者有助于增加离岸人民币供给（流出）。人民币兑美元汇率过去一个月和一个季度分别升值1.7%、3.5%，年化升值幅度达到22.8%（月度年化）和14.8%，而此时推出这两项政策，一方面或暗含管理人民币升值速度的意图，但也在一定意义上彰显了央行对人民币升值趋势的确认和信心——回顾历史，央行数次调整远期售汇准备金政策，均在“升值”或“贬值”趋势确立之后。随着人民币升值渐入佳境，央行下调购汇交易成本，并加速推动人民币国际化，一举多得。然而，购汇和资本流动交易成本的边际变化不改变汇率基本面，维持对人民币趋势性升值的判断。 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。

我国单体最大采煤沉陷区光伏基地——国能宁夏灵武400万千瓦光伏电站将在今天移交生产。这座光伏基地安装了700多万块光伏板，占地约12万亩，项目充分利用当地煤炭备采区、采空区、沉陷区等土地资源建设光伏，实现能源开发与生态保护协同发展。投产后每年可提供绿电68亿度，可满足450万个家庭一年的用电需求。（央视新闻）

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February is American Heart Month, known as a critical time for bringing increased attention to cardiovascular health and the prevention of heart disease, which is the leading cause of death in the US. Women are particularly vulnerable to cardiac health threats spanning biological, clinical and healthcare system factors that contribute to underdiagnosis, delayed treatment, and worse outcomes compared to men. Dr. Joy Gelbman, Associate Professor of Medicine at Weill Cornell Medicine as well as a board-certified cardiologist, is well-versed in the unique challenges facing women when it comes to their cardiac health. She breaks down specific sex-specific risk factors, differing disease presentation and pathophysiology, as well as the experience disparities in treatments and outcomes. Dr. Gelbman speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)

智通财经获悉，美国1月份的生产者价格上涨幅度超过预期，主要受服务业推动，表明通胀压力持续存在。劳工统计局周五报告显示，生产者价格指数(PPI)上涨0.5%，为去年9月以来最大涨幅。 此前去年12月的涨幅修正为0.4%。剔除食品和能源后的核心指标涨幅为去年7月以来最大。 批发价格连续数月的坚挺读数进一步证明，抑制通胀的进展缓慢。对进口材料征收更高的关税促使许多生产商提高价格或寻找其他成本节约方式来保护利润率。剔除食品和能源后，1月份商品价格的涨幅是2022年初以来最大的之一。 数据公布后，股票期货进一步下跌，而美债收益率收窄了跌幅。 经济学家和投资者密切跟踪PPI数据，因为其多个组成部分被纳入美联储偏爱的通胀衡量指标——个人消费支出价格指数。 在用于编制PCE价格指数的分项中，投资组合管理费用、机票价格和医生护理服务费用均出现明显上涨。美国经济分析局定于3月13日发布1月份PCE价格数据，以及收入和支出数据。 尽管关税对消费者价格造成了一定的上行压力，但企业总体上并没有像经济学家曾经担心的那样大幅提价。本月早些时候公布的数据显示，一项关键通胀指标在1月份相当温和，打消了市场对更大涨幅的担忧。 由于在将通胀降至美联储2%目标方面进展缓慢，加上近期劳动力市场出现稳定迹象，央行官员在去年底连续三次降息后，并不急于再次降低利率。

Aston Villa boss Unai Emery concedes his Premier League title "dreams" are over, but will they resurrect their Champions League hopes?

智通财经获悉，瑞银集团首席全球股票策略师Andrew Garthwaite下调美股市场投资评级，理由包括美元走弱风险上升、估值偏高以及华盛顿政策不确定性加剧。他将美股在全球股票组合中的配置从“超配”下调至“基准配置”，认为支撑美国股市多年跑赢的因素正在减弱。 Garthwaite指出，美元前景是核心担忧之一。瑞银预计欧元将在明年一季度末升至1.22美元，并认为美元面临“结构性下行风险”。历史数据显示，当美元贸易加权指数下跌10%时，在未对冲情况下，美股通常会落后约4个百分点。 今年以来，随着美元走软与海外市场估值更具吸引力，资金流向出现明显轮动。MSCI全球(除美国)指数2026年累计上涨约8%，而标普500指数表现基本持平。日本日经225指数年内上涨17%，欧洲斯托克600指数上涨7%，显示投资者正加速从美股转向海外市场。 瑞银还指出，企业回购这一长期支撑美股的重要力量也在削弱。当前美国股票的回购收益率已与全球同行大致相当，不再具备明显优势，而美股股息加回购的综合股东回报率约为欧洲的一半。与此同时，瑞银测算美国股票经行业调整后的市盈率较国际市场高出35%，远高于2010年以来约4%的平均溢价水平。 政策层面也构成压力。瑞银提到，美国在关税政策、信用卡利率上限提案、住房投资限制、药品定价审查及对军工企业分红与回购的监管讨论等方面存在较高不确定性。 不过，Garthwaite并未转向全面看空。他表示，在潜在泡沫早期阶段，美国经济和股市往往更具优势；同时，瑞银预计人工智能应用在美国的推进速度仍领先多数地区，有助于维持企业盈利增长。 瑞银策略师Sean Simonds预计标普500指数年末目标为7,500点，略低于市场主流策略师平均预期的7,629点。

智通财经获悉，美国国债周五大幅走强，基准10年期美债收益率跌破4%关口，创四个月新低，尽管1月生产者价格指数(PPI)意外走高。本应因通胀压力而上行的收益率却反向下跌，显示市场交易逻辑已从通胀担忧转向对经济前景的忧虑，尤其是人工智能(AI)可能带来的冲击。 10年期美债收益率收于3.96%，30年期国债收益率降至4.63%，为去年10月下旬以来的最低水平。2月份以来，两项收益率均录得过去一年最大单月跌幅。与此同时，美股三大指数全线收跌，道琼斯工业平均指数下挫逾1%。 市场人士指出，10年期收益率跌破4%具有重要信号意义，意味着交易员开始淡化对经济稳健增长的预期，转而押注更具风险的情景。Wisdom Fixed Income Management投资组合经理Vincent Ahn表示，若收益率跌破3.75%，债市将基本反映出“真实的增长恐慌”。他认为，当前债市走势“明显由就业和增长担忧主导”，而催化剂正是近期蔓延的“AI冲击”担忧，这一主题已从科技板块扩散至宏观层面。 通常情况下，债券收益率下降有利于消费者、企业及政府融资成本。例如，根据房地美数据，新发放30年期固定按揭贷款的平均利率本周已降至6%以下，为三年多来首次。但若收益率下行源于对经济或就业前景的担忧，则往往伴随股市回落和风险资产抛售。 除AI因素外，市场还在消化其他不确定性，包括特朗普政府在最高法院否决关税措施后推动的新贸易政策调整、美伊核谈判未达成协议，以及股市波动加剧等。Interactive Brokers经济学家Jose Torres指出，科技股若持续走弱，可能拖累消费支出，同时若市场对AI前景的热情降温，也可能压制整体经济表现。 近期关于AI对经济结构影响的讨论持续升温。软件板块此前大幅回调，包括赛富时(CRM.US)、Workday(WDAY.US)、ServiceNow(NOW.US)等公司股价承压。一份由Citrini Research联合撰写的研究报告描绘出更悲观前景，预测AI冲击或在2027年引发美国衰退，并可能导致标普500指数在2028年较高点下跌38%，失业率升至10%以上。尽管该报告受到广泛质疑，其影响已在市场情绪中体现。 FHN Financial策略师Will Compernolle认为，长期收益率走低更多反映AI可能压低未来经济增长预期，而非单纯担忧大规模失业。不过，他指出...

AJ Kumaran, COO and Co-CEO of Raising Cane’s, discusses the restaurant chain’s growth. He tells Romaine Bostick and Bailey Lipschultz on “The Close” that the company has no plans to go public. (Source: Bloomberg)

Lighthouse Films/DigitalVision via Getty Images Thesis Match Group, Inc. ( MTCH ) portfolio is sufficiently diversified and dominant in the dating app industry to offset declining users across several of its apps. I believe the market is misunderstanding how popular Tinder is, its global reach and its penetration of younger users. Despite several catalysts for Tinder, the market is still pricing in a 27% annual decline over the next five years. Hinge is the fastest-growing dating app, and Bumble Inc. ( BMBL ) is beating Tinder in this race to the bottom. Still, with a troubled feedback loop and high CEO turnover, I believe the mispricing is clear and rate this a Buy. Introduction Match group owns well-known dating apps like Tinder, Hinge, Match.com, plus many others. The last time I counted, its Evergreen & Emerging segment had around 30 dating apps. I recommend taking a look at the names of some of these platforms as some are very unexpected to say the least. Tinder's declining users have been concerning investors for a while now with paying user declining 10% y/y and revenue declining for the first time to $1.86 billion. MTCH 10K Even with 30+ Apps, 53% of revenue and 78% of OI come from Tinder. Hinge contributes about 20% of revenue and 16% of OI. So basically, Tinder and Hinge drive ~94% of Match Group's operating income. This says two things, first of all that its other two segments, E&E and MG Asia, despite comprising 17% and 8% of revenue, their margins are low enough that they contribute very little to the bottom line. Second, it explains why the market is so sensitive to Tinder's decline, which I'll show more clearly later in the DCF. MTCH 10K MTCH 10K With a levered FCF margin of 24% and an ROA of 17.67%, it is clear the business is efficient and generating cash. Match Groups has had negative book value for about five years, mainly due to aggressive buybacks. In 2025, about 117% of UFCF was returned through buybacks and dividends. its has reduced its dilut...

Source: Bloomberg, 0:00

格隆汇2月28日｜据央视，2026年春节假期，文旅市场实现了“开门红”。假期结束后，随着机票、酒店价格回落，错峰出游持续升温，旅游市场热度不减。记者在北京丰台区一家旅行社门店看到，前来咨询、报名的市民络绎不绝。与春节期间以短途“打卡式”出游为主不同，节后游客更倾向于节奏舒缓、注重深度体验的品质线路。某旅游集团北京丰管路门市销售经理杨燕表示，今年中老年错峰游的占比在35%左右，大部分的客人在1月初的时候就开始咨询和报名春节错峰游的一些旅游产品，并且他们更倾向于康养、打卡加经典线路的模式。

Fed. Circ. Rejects Tesla's PTAB Challenge, Leaving Just 1 Law360

Shelly Cayette-Weston, President of Business Operations for the Charlotte Hornets, discusses the team’s strategic initiatives to enhance the fan experience and drive economic development in Charlotte. She speaks with Romaine Bostick and Bailey Lipschultz on “The Close.” (Source: Bloomberg)

联合国秘书长古特雷斯的发言人迪雅里克27日表示，古特雷斯对阿富汗和巴基斯坦之间暴力冲突升级及其对平民造成的影响深表关切，他呼吁双方立即停止敌对行动，通过外交途径解决分歧。 就阿富汗人道主义局势，迪雅里克表示，多年的冲突、贫困和自然灾害导致该国近一半人口需要人道主义援助。如果冲突持续或升级，这个数字只会继续增加。联合国呼吁冲突各方履行其在国际人道主义法下的义务，特别是确保平民和民用基础设施始终受到保护，同时呼吁国际社会为联合国在阿富汗的人道主义行动提供更多资金。 最近一周，阿富汗和巴基斯坦战火再起，从边境地区零星交火到巴军空袭阿首都喀布尔军事目标，冲突不断升级。巴基斯坦国防部长赫瓦贾·阿西夫27日宣布，巴基斯坦已对阿富汗展开“公开战争”。(新华社)

Paramount Skydance Corp. ’s takeover of Warner Bros. Discovery Inc. is expected to feature an unusual combination of investment-grade and junk-rated debt, as Wall Street banks turn to as many markets as possible to raise $57.5 billion of debt for the acquisition. A trio of lenders are initially providing temporary financing, which will be refinanced with about two-thirds or more investment-grade debt and the rest in high-yield bonds, according to people familiar with the matter. Typically, borrowers opt for either investment-grade financing or leveraged financing, rarely both in combination. The high-grade debt is expected to include loans and senior secured bonds, while the junk bonds will likely be unsecured, said the people who asked not to be identified discussing private deliberations. Banks are set to be invited to join the syndicate in the coming weeks, the people said. Lenders have already asked to get on the deal, vying for a spot on the high-profile financing. The company expects to borrow in dollars and euros, with financing expected to wrap up by the end of summer, they said. The high-stakes bidding war for Warner Bros. ended this week after Paramount raised its offer to $31 a share. Netflix Inc. , which had previously agreed to buy most of Warner Bros. for $27.75 a share, declined to match it. Read more: Netflix Drops Warner Bros. Bid, Leaving Paramount the Winner (3) Bank of America Corp. , Citigroup Inc. and Apollo Global Management Inc. are providing the $57.5 billion bridge loan. For lenders, underwriting mergers and acquisitions is one of the most lucrative businesses. Representatives for Paramount, Bank of America, Citi and Apollo declined to comment. A spokesperson for Warner Bros. didn’t immediately respond to a request for comment. Read more: Banks Pounce on M&A Revival With $100 Billion of Buyout Debt (1) Getting Creative While the majority of the debt in the LBO will be high-grade, there’s poised to be roughly $18 billion of junior unsecured ...

DAVE INC (DAVE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

tupungato/iStock Editorial via Getty Images Introduction Capital markets haven't been kind to software companies lately; the sector that was once beloved for having near-zero marginal costs, recurring revenue, and an asset-light operational nature has recently witnessed massive drawdowns as investors fear that AI agents will replace most software functionality, leading to massive user churn, revenue declines, and margin compression. Even though these fears feel validated given that there is a swath of SaaS companies trading at massive multiples while providing marginal value to end consumers, the market has certainly overreacted on this one name that possesses a deep moat, high operational efficiency, double-digit top line growth, and enough capital and investments to benefit from this compute revolution, and that name is Microsoft Corporation ( MSFT ). YTD, Microsoft's stock has declined by more than 20%, while its mega-cap peers only declined by single-digits. This drawdown is underserved for a company that has dominated the software industry for decades, proving management's tenacity and drive to maintain the innovative streak that enabled the firm to survive multiple tech revolutions. This time is no different, and if anything, to me it looks like the AI revolution will likely benefit incumbents rather than startups, given the upfront capital required for training and inference. This overreaction is giving investors that seek quality names an opportunity to benefit from MSFT's upside as the market corrects. Among the Mag 7 names, Microsoft was one of the names that underperformed the SPDR® S&P 500 ETF Trust ( SPY ) and the Roundhill Magnificent Seven ETF ( MAGS ) on a 1-year performance, losing 5% of its value while MAGS and the SPY returned 16.59% and 15.07%, respectively. The outperformance of these ETFs was largely influenced by the massive rally of Alphabet ( GOOG ), which returned 72.33% YoY, outperforming both ETFs and its mega-cap peers. YoY performance (...

tupungato/iStock Editorial via Getty Images Introduction Capital markets haven't been kind to software companies lately; the sector that was once beloved for having near-zero marginal costs, recurring revenue, and an asset-light operational nature has recently witnessed massive drawdowns as investors fear that AI agents will replace most software functionality, leading to massive user churn, revenue declines, and margin compression. Even though these fears feel validated given that there is a swath of SaaS companies trading at massive multiples while providing marginal value to end consumers, the market has certainly overreacted on this one name that possesses a deep moat, high operational efficiency, double-digit top line growth, and enough capital and investments to benefit from this compute revolution, and that name is Microsoft Corporation ( MSFT ). YTD, Microsoft's stock has declined by more than 20%, while its mega-cap peers only declined by single-digits. This drawdown is underserved for a company that has dominated the software industry for decades, proving management's tenacity and drive to maintain the innovative streak that enabled the firm to survive multiple tech revolutions. This time is no different, and if anything, to me it looks like the AI revolution will likely benefit incumbents rather than startups, given the upfront capital required for training and inference. This overreaction is giving investors that seek quality names an opportunity to benefit from MSFT's upside as the market corrects. Among the Mag 7 names, Microsoft was one of the names that underperformed the SPDR® S&P 500 ETF Trust ( SPY ) and the Roundhill Magnificent Seven ETF ( MAGS ) on a 1-year performance, losing 5% of its value while MAGS and the SPY returned 16.59% and 15.07%, respectively. The outperformance of these ETFs was largely influenced by the massive rally of Alphabet ( GOOG ), which returned 72.33% YoY, outperforming both ETFs and its mega-cap peers. YoY performance (...

Simon Gallagher, Managing Director at SPG Global, says Netflix’s outlook remains strong even without Warner Bros. Discovery content. He speaks with Romaine Bostick and Bailey Lipschultz on “The Close.” (Source: Bloomberg)

Alondra Nelson, Harold F. Linder Professor at the Institute for Advanced Study and a member of the UN advisory body on AI, says she doesn’t believe Anthropic is going anywhere, noting that much can change in the next six months. She speaks with Romaine Bostick and Bailey Lipschultz on “The Close.” (Source: Bloomberg)

Vance Says 'No Chance' Strikes On Iran Would Become A Prolonged War Just to underscore how close we are to witnessing an American military attack on Iran, this is the current scene at Israel's Ben Gurion International Airport... I don’t think that people understand how unusual this picture is #Iran https://t.co/72itsQunEn — Nadav Pollak (@NadavPollak) February 27, 2026 On Thursday Vice President JD Vance issued some curious and eyebrow-raising comments to The Washington Post regarding the looming prospect of unprovoked attack on Iran. Vance asserted that there's "no chance" military strikes on Iran would result in the United States becoming involved in a prolonged war . Speaking with The Washington Post on Air Force Two, he explained Trump is weighing military and diplomatic options to prevent Iran from obtaining a nuclear weapon - but Vance also sought to defend repeat promises previously given on the campaign trail which decried America's prior addiction to regime change wars and foreign quagmires . "The idea that we're going to be in a Middle Eastern war for years with no end in sight - there is no chance that will happen," Vance said. But if there's one thing the American public has learned after 20+ years of the so-called Global War on Terror, it's not to trust a politician when he says "trust me" concerning a 'limited' attack not becoming a disastrous entanglement. Political leaders might say one thing, but Americans by and large hear another... Vance is a Marine Corp combat veteran who has himself admitted he was "lied to" over the Iraq war, the architects of which were the Bush Neocons. Vance has at times even described himself as a "skeptic of foreign military interventions." The VP further told the Post that "I think we all prefer the diplomatic option" - however, "it really depends on what the Iranians do and what they say," he explained. And yet there's no controlling Iran's response should the US send missiles on Tehran or its nuclear sites. The Iranian...