Richard Drury/DigitalVision via Getty Images Don't follow the herd As an economics teacher and real estate investment trust (REIT) analyst, I love to teach my pupils about behavioral economics. Especially during my investment lessons on Friday afternoons. Many investors that hunt for ways to enhance or diversify their income stream find comfort in investing in real estate investment trusts. Investors buy into these publicly traded companies because of the dividends that these companies pay. Why not buy into the AI hype and go all-in on popular tech stocks that everyone seems to be running after? It is tempting to follow the herd and chase the never-ending bull run that big tech has returned in recent years. But here it is: You never know how high the market can go before it comes crashing down. Every week, someone new comes out to warn investors of a potential [AI] bubble forming . It is hard to turn away from inflated stocks that are just loved by the market, as illustrated by the big discrepancy between REITs ( VNQ ) and big tech ( NDAQ ). But it is important to not fall into the trap called "extrapolation bias." Thinking that current trends will follow a linear pathway into the future. You need to keep a cool head when it comes to investing. Because we are humans and therefore susceptible to our emotional response towards investing and market events, buying into monthly paying REITs can make a lot of sense. Let me tell you why. Seeking Alpha charts The hidden (psychological) advantage of getting paid every month When you buy into REITs - especially those that pay you every month - you get "rewarded" on a frequent basis. Something that is not always given enough credit. Receiving a monthly paycheck can give you the psychological idea that your investments are going fine. Every month you are "rewarded" for your patience in the stock market, no matter how bad things seem to be going on a macroeconomic level. Since investors have the tendency to panic-sell or trade w...

Earnings Call Insights: SunCoke Energy (SXC) Q1 2026 Management View "We're pleased with our performance in the first quarter, delivering consolidated adjusted EBITDA of $56.5 million, reflecting strong operational execution," said (CEO, President & Director Katherine Gates), while noting operational disruption: "As discussed on our fourth quarter 2025 earnings call, our coke plants were impacted by severe winter weather and the Middletown turbine failure." (CEO, President & Director Katherine Gates) framed capital returns and balance sheet priorities around cash generation: "Earlier today, we also announced a quarterly dividend of $0.12 per share... This is our 27th consecutive quarter announcing a dividend," and "We had strong operating cash flow generation of $72.7 million and ended the quarter with ample liquidity of $262 million." (CFO & Treasurer Shantanu Agrawal) summarized profitability and the key drivers: "Net loss attributable to SunCoke was $0.05 per share in the first quarter of 2026," and "The decrease was primarily driven by higher depreciation expense, the shutdown of our Haverhill 1 cokemaking facility, severe winter weather and the lower power sales due to Middletown turbine failure." (CEO, President & Director Katherine Gates) emphasized contracted positioning and integration execution: "As previously discussed, we are running at full capacity and sold out for the full year," and linked that to operating catalysts: "With the continued seamless integration of Phoenix, the resumption of power production at Middletown and continued strong operational execution, we are confident we will achieve full year 2026 consolidated adjusted EBITDA within our guidance range of $230 million to $250 million." Outlook (CEO, President & Director Katherine Gates) reiterated full-year consolidated profitability expectations: "We are confident that we'll be able to deliver full year consolidated adjusted EBITDA within our guidance range of $230 million to $250 million....

英國倫敦猶太人社區日前發生持刀襲擊案後，當局宣布上調恐襲威脅等級。首相施紀賢承諾，加強警力保護相關社區。 英國首相施紀賢周四到倫敦北部，日前有猶太人遇襲的戈爾德斯格林地區視察，有示威者向他的車隊喝倒采和叫口號，批評施紀賢遏止反猶太活動不力。 周三有兩名猶太男子，在這裡遭人持刀襲擊，45歲疑犯蘇萊曼被捕，他是來自索馬里的英國公民，當局控告他企圖謀殺罪。施紀賢表示，這次襲擊，凸顯英國正面臨反猶太主義危機，指如今英國猶太民眾陷入恐慌，不敢在公共場合表露身份。他又點名指責伊朗等國家，試圖傷害住在英國的猶太人，英方要加強應對威脅。 英國首相施紀賢說：「我們會在猶太社區加強警力部署，對猶太安全機構增加投資，賦予相關機構有更大權力，取締宣揚反猶太極端主義的慈善機構。」 當局周四宣布，將英國恐怖主義威脅等級，由「高」上調到「嚴重」級別，即是五級之中的第二級，意味未來六個月，英國極有可能發生恐怖襲擊。內政大臣馬曼婷表示，上調威脅等級是基於最新情報評估，及極端主義威脅持續上升的趨勢，並非單純針對近日的持刀襲擊事件。 英國對上一次將恐襲威脅上調至「嚴重」，是在2021年11月，利物浦一間醫院遭炸彈襲擊，及一名國會議員被刺殺死亡後，到2022年2月，才下調回復至「高」。

Earnings Call Insights: IMAX Corporation (IMAX) Q1 2026 Management view "With the heart of our formidable slate now rolling out, we remain very confident in our 2026 guidance, including a record $1.4 billion in global box office this year." (Executive VP & CFO Natasha Fernandes) "Project Hail Mary... has now earned more than $90 million in IMAX, more than double our initial projections." (Executive VP & CFO Natasha Fernandes) "IMAX global box office in the current quarter-to-date is over $100 million, up over 10% year-over-year." (Executive VP & CFO Natasha Fernandes) "Year-to-date, we signed agreements for over 40 new and upgraded IMAX systems worldwide... most recently with our biggest deal ever in one of the most productive markets in the world, our 10-system agreement with HOYTS in Australia and New Zealand." (Executive VP & CFO Natasha Fernandes) "I'm happy to share that I'm making excellent progress, and I'm gradually resuming oversight of the business and involved in all key strategic decisions." (CEO & Director Richard L. Gelfond) Outlook "We remain very well positioned to achieve our 2026 guidance, including record global box office of $1.4 billion, 160 to 175 system installations worldwide and adjusted EBITDA margin... with at least 45%." (Executive VP & CFO Natasha Fernandes) "We remain confident in our forecast of total adjusted EBITDA margin of more than 50% in the coming year." (Executive VP & CFO Natasha Fernandes) "[T]here's always a mix between the regions of box office... and the amount that we're investing into marketing in this year... And so that's where the margins can ebb and flow." (Executive VP & CFO Fernandes) Financial results "First quarter adjusted net income grew 33% to $10 million, while adjusted EPS grew $0.17, up $0.04 year-over-year." (Executive VP & CFO Natasha Fernandes) "IMAX delivered revenues of $81.4 million, a decline of $5 million year-over-year, driven by decreased revenues in Greater China." (Executive VP & CFO Natasha Fer...

Earnings Call Insights: AXT (AXTI) Q1 2026 Management view "Revenue for the first quarter of 2026 was $26.9 million" and the mix skewed to indium phosphide, with "Indium Phosphide was $13.6 million, primarily from data center applications" (CFO Gary Fischer). "Non-GAAP gross margin was 29.9%" and management tied profitability progress to both volume and mix, with "Indium Phosphide was just a tad north over 50% of total revenue" (CFO Fischer). "Last week, we completed a capital raise for $632.5 million in support of Tongmei's Indium Phosphide capacity expansion as well as R&D investment in new products like 6-inch Indium Phosphide" (CEO Morris Young). "We're planning to double our Indium Phosphide capacity again in 2027, with a new facility near our current one that we will be dedicated to Indium Phosphide wafer production" (CEO Young). "Our subsidiary, JinMei, has begun to refine high-purity Indium" and management said this provides "direct control of a guaranteed supply" of a key input (CEO Young). Outlook "As of today, we have approximately $34 million in revenue that can be realized in Q2" from orders "for which we either already have a permit to ship or for which an export permit is not required" (CFO Fischer). "We could see upside, even significant upside to this number in Q2, should we receive permits for additional orders" but "the timing for permit issuance is not predictable nor in our control" (CFO Fischer). "We expect to achieve profitability on both a GAAP and non-GAAP basis in Q2" with "non-GAAP net income...in the range of $0.06 to $0.08" and "GAAP net income...in the range of $0.05 to $0.07" (CFO Fischer). "We estimate share count for Q2 will be approximately 63.5 million shares" and "we expect that [OpEx] will be approximately $9.3 million in Q2 on a non-GAAP basis and approximately $10 million on a GAAP basis" (CFO Fischer). Financial results "Revenue for the first quarter of 2026 was $26.9 million" vs. "$23.0 million in the fourth quarter of 2025" ...

Earnings Call Insights: DMC Global (BOOM) Q1 2026 Management View “The macroeconomic challenges that persisted throughout 2025 carried into the first quarter and continued to pressure our construction, energy and industrial end markets,” said (CEO, President & Executive Chairman of the Board James O'Leary), adding, “In late February, the onset of the Middle East conflict intensified these headwinds, disrupting supply chains and international oil production while fueling raw material inflation, particularly for aluminum.” (CEO, President & Executive Chairman of the Board James O'Leary) reported Q1 consolidated sales of $135.6M and adjusted EBITDA attributable to DMC of $3.9M, while emphasizing performance “within our admittedly moderated expectation range.” (CEO, President & Executive Chairman of the Board James O'Leary) described Arcadia’s environment as “soft across both commercial and residential construction markets,” citing aluminum costs at “multiyear highs” and saying “a competitive bidding environment also continues to pressure pricing.” (CEO, President & Executive Chairman of the Board James O'Leary) said DynaEnergetics’ declines were driven by “lower product sales in North America, where well completion activity continued to decline and pricing remained competitive,” and added that “the conflict in the Middle East delayed customer shipments into that region.” (CEO, President & Executive Chairman of the Board James O'Leary) highlighted NobelClad’s backlog momentum: “Order backlog at the end of the first quarter increased 12% sequentially to $70.3 million, marking the highest level in more than 15 years,” while noting Q1 sales were affected by “the timing of large project shipments” and earlier tariff-related uncertainty. “First quarter adjusted net loss attributable to DMC was $5.7 million, while adjusted loss per share attributable to DMC was $0.28,” said (Chief Financial Officer Eric Walter), and added liquidity details including “cash and cash equivalents...

法國政府早前擱置推進擴大五一勞動節可以假日上班行業範圍的法案，總理勒科爾尼隨後提出緊急解決方案，允許麵包店及花店的員工於2026年5月1日當天自願工作。此舉引發多個工會及議員不滿，並向法國最高行政法院國務委員會提出三項緊急上訴，要求暫停總理的決定。 法媒《世界報》報道，國務委員會於星期四就上訴作出裁決。裁決指出，由於政府已於4月28日，即聽證會的前一天，撤回了引發爭議的新聞稿，因此暫停和禁令請求的結論已經失去了意義，法院不再有必要就此事作出裁決。 總理府在早前的新聞稿中解釋，政府希望確保這兩個行業的工匠不會因5月1日的相關法律而遭受任何損失。政府表示，此舉旨在履行支持手工麵包師、糕點師和手工花藝師的承諾。 政府周二撤回先前的聲明，並以新的聲明取而代之以澄清其立場。國務委員會認為，政府在網上發布的這份新新聞稿，以及「行政部門代表在聽證會上提供的解釋」，足以得出結論：政府無意發布任何指令來阻礙5月1日開始的現行法律框架。 法國現行《勞動法》明確規定，5月1日是唯一「必須休息」的法定假日，僱主原則上禁止讓員工在當天工作。僅有因業務性質無法中斷經營的機構（如醫院、交通運輸）可獲豁免。工會及左翼政黨認為，五一勞動節是1948年確立的社會成果，削減這一天的休息權等同無視百年的社會鬥爭。

5月1日，宁德时代上线国内新能源电车在供车型查询入口，查询表数据更新至4月30日，覆盖电池独供及混供车型。（界面新闻）

格隆汇5月1日｜据网络平台数据，截至5月1日，2026年度电影总票房(含预售)突破130亿元！五一档新片总票房已超过1.2亿。

Singapore Prime Minister Lawrence Wong warned of bigger disruptions ahead as the country navigates a more uncertain global environment, from the Iran conflict to the rapid rise of artificial intelligence. “Jobs will change, some will disappear, and the pace of change will be faster than anything we have seen before,” he said in a May Day address on Friday, referring to the impact of new technologies. Wong paired the caution with a note of reassurance, saying Singapore’s economic transition will create new and better jobs, even if some existing roles cannot be preserved. “We may not be able to protect every job, but we will protect every worker,” he said. The remarks come as the government tries to balance embracing technologies like AI with addressing the needs of a rapidly aging workforce, after rolling out a budget this year focused on upskilling citizens and reinforcing social safety nets. Wong said Singapore will make sure the benefits of AI are shared by all, adding that it plans to better connect skills training with job matching. Part of the government’s approach emphasizes strengthening Singapore’s tripartite model, bringing together unions, employers and the state to manage wage pressures and maintain labor market flexibility. Recent policies are aimed at helping workers cope with higher living costs and structural shifts in the economy, including targeted wage support and efforts to improve job matching. Authorities have also tightened foreign workforce rules by raising minimum qualifying salaries, coupled with increased support for mid-career workers seen as more vulnerable to disruption from technology and global competition. Middle East Crisis Wong used his speech to warn about risks from the Iran war, saying shortages of more goods may emerge. Even if the Strait of Hormuz reopens, a return to normal will take time as damaged infrastructure is repaired, routes are cleared and confidence is restored. That process could take months, he said, adding that p...

JHVEPhoto/iStock Editorial via Getty Images The Thesis: A Buy Rating, Yet Again Of the recent onslaught of bank earnings, I picked one bank to cover today, as it has been a regular coverage of mine on Seeking Alpha over the last few years. Bank of New York Mellon ( BK ), which is not only a major custodian bank and asset manager but also active in other segments like wealth advisory, beat its earnings estimates on Apr. 16th, now 4 quarters in a row. BK has been one of my best-performing bullish ratings on this site, up around +230% since my buy rating in May 2023 , and also up since my subsequent follow-up articles and my bullish view in February. Some factors that continued to drive my confidence were a compelling dividend case, organic growth drivers, and resilience through many market cycles in recent decades. In fact, another financial site reported in April that Truist Securities also reiterated its buy rating on BK, as well as raising its price target. So, today's follow-up will cover the following 8 topics: BK - rating worksheet (author) My updated thesis actually keeps confirming more of the same, even after the Q1 earnings results, which actually strengthened my prior bullish ratings even more. This bank could benefit from resilient equity markets and client activity, organic growth, strong margins, an A-level credit rating, and a compelling dividend growth story that could keep attracting dividend investors to this stock. These positives outweigh some headwinds like a more muted upside forecast this time and overvaluation; however, the technical chart patterns also keep reinforcing the bullish thesis too. Macroeconomic Factors macro factors (author) In this first section to kick things off, I identified three macro factors to consider and am modestly bullish in this section. When considering what macro factors could most impact this sector, I thought about the unique niche that BK is in, and so I think factors like rising equity markets, demand for wealth ...

內地五一假期今日起開始，深圳灣口岸有不少家庭出境，離境大堂現時擠迫，離境過程大致暢順。 有出境家庭打算即日來回，憂黃金周人多。

Drazen_/E+ via Getty Images For the second time in the last week, I have stumbled across an ETF that invokes the name of Benjamin Graham, the father of value investing in the US. The first occasion led me to analyze the Cambria Global Value ETF ( GVAL ). The fund produced a return of almost 56% in 2025, without the addition of dividends. As I noted in my article, GVAL is rather unique in its stock selection, as a majority of its holdings come from emerging markets. Claiming to follow in the footsteps of Graham and his Columbia colleague David Dodd, the fund first identifies the cheapest markets and then uses time-tested value metrics like price-to-book, price-to-cash flow, and EV/EBITDA to choose the most undervalued stocks from those discounted countries. The First Eagle Overseas Equity ETF ( FEOE ) also applies the teachings of Graham to identify foreign companies that are trading at a discount to their intrinsic value . This is done through analysis of the companies’ balance sheets, cash flow valuation, and market share. The companies that make the cut are those that may have temporarily disappointed investors with their recent earnings reports, belong to sectors that may have fallen out of favor, or operate in countries that have been overlooked by the broader market. Unlike GVAL, developed markets are most widely represented in the holdings for this fund. While FEOE was not able to produce quite the same results as GVAL in the past year , the fund did place near the top of its foreign large-cap blend peers and seems to be off to a good start in 2026. Whereas an investment in the Cambria Global Value ETF would come with the added risks of exposure to emerging markets, FEOE may be more appropriate for investors who want the security of developed economies while still adhering to the value principles from the legendary US investor. The fund’s short history and its active management style are the only things keeping me from advocating greater enthusiasm to buy the ...

Congress Passes 45-Day Extension Of FISA Section 702, Sending It To Trump's Desk Authored by Joseph Lord via The Epoch Times (emphasis ours), President Donald Trump on Thursday signed a bill to extend a spying authority of Section 702 of the Foreign Intelligence Surveillance Act (FISA) for 45 days as congressional debate on the controversial measure continues. The U.S. Capitol building on April 29, 2026. Madalina Kilroy/The Epoch Times Both chambers of Congress raced to pass the short-term measure earlier Thursday after the Senate declined to take up a House-passed bill to extend the deadline until 2029. The House passed the “clean” extension, without reforms, which punts the deadline from April 30 to June 12, in a 261–111 vote. It was passed under a suspension of the rules, meaning it relied on Democratic support to pass. However, opposition to the measure was also bipartisan, with 26 Republicans joining 85 Democrats in casting a “No” vote. The measure’s passage and signature into law came just hours before the critical—but contentious—power was due to expire. The 45-day extension was proposed and passed by the Senate earlier on Thursday after it became clear that a three-year extension passed by the House the night before couldn’t pass the Senate before the midnight deadline. Section 702 allows U.S. intelligence agencies to collect emails, phone calls, texts, and other communications of foreign nationals located outside the United States for national security purposes, such as tracking terrorism, espionage, or weapons proliferation, without obtaining an individualized warrant. However, the data of Americans who communicate with these foreign targets can be incidentally gathered and is available to U.S. intelligence without a warrant—a “backdoor search” loophole that has come under criticism by privacy advocates. Trump, despite his current support for a clean reauthorization of the power, has acknowledged his experience with the law in the past. In a post on Truth ...

格隆汇5月1日｜印度石油公司将5月份国内航线航空燃油价格维持不变。此前，多家航空公司警告称，因伊朗战争导致的供应短缺可能暂停服务。这家印度最大的炼油商为行业设定了基准，将国内航空燃油价格维持在每千升104,927卢比(约合1,105美元)。但根据其网站，该公司将对国际航线运营商的价格进行一定幅度的上调，具体金额未披露。由于中东战争导致航空燃油短缺，全球航空公司都面临运营中断。航空业对燃油价格上涨高度敏感，燃油成本可占运营支出的40%。即使是微小的上涨，也能显著影响盈利能力和机票价格。

Key PointsMeta's first-quarter revenue grew 33% year over year, accelerating from 24% growth in the fourth quarter of 2025.

千呼万唤始出来的LABUBU冰箱在4月30日晚正式发售，正如预期中的火爆一样，该款冰箱发售即售罄，再次验证了LABUBU这一IP的强大吸引力。 作为泡泡玛特跨界布局家电领域的首款产品，THE MONSTERS生活家系列冷藏箱分为Home款和House of the Monsters款两个版本，均采用全球限量发售策略，每款仅999台，统一售价5999元。每台产品均配备唯一限定编号。 二手市场的价格更加能证明LABUBU冰箱的火爆程度。 蓝鲸新闻记者4月30日晚查询发现，在得物App上，LABUBU冰箱的转售报价已达到19999元，与官方发售价5999元相比，溢价14000元。 不过，经过一晚的发酵，二手市场对于LABUBU冰箱的狂热已经渐趋冷静，一夜回落超1万元。 5月1日蓝鲸新闻记者查询发现，LABUBU冰箱的二手市场价已经大幅回落。其中得物app上，目前价格区间为7399-8988元，不过成交量颇为可观，发售12小时左右售出60件。 千岛app上在售产品价格均在7000元以下，成交均价在6400元左右，较原价溢价500元左右。 泡泡玛特做家电其实并不突然，近两年从珠宝到甜品，泡泡玛特一直在进行各种跨界尝试，延长IP产业链。 2025年6月13日，泡泡玛特旗下独立珠宝品牌popop全球首店在上海港汇恒隆广场开业。泡泡玛特创始人王宁在现场就曾表示：“我们其实一直也希望能够通过不同的品类去拓展更多的可能性，珠宝是我们一直在尝试的非常重要的品类。”在首饰品牌popop之后，泡泡玛特还推出了甜品品牌POP BAKERY，将IP融入甜品装饰中。从“入口”的甜品到“上身”的珠宝，再到“入住”的家电，泡泡玛特正在将IP深度渗透到用户衣食住行的方方面面。 不过值得注意的是，家电属于低频大件消费品，LABUBU冰箱牵涉售后、维修、品控等此前泡泡玛特鲜少直接面对的工业链条。 对于目前的泡泡玛特而言，这些跨界都并非传统意义上布局新产业，而是将传统消费品作为IP表达的新载体。同一个IP，可以在多个品类中反复变现，不断延长着IP的生命周期与商业价值。不过据证券时报，知情人士称：“家电从业绩的角度来看，短期内对泡泡玛特业绩增量不会有太大影响。” 这意味着，故事没有发生变化，摆在泡泡玛特面前的题目依然是如何创造下一个LABUBU、星星人。

Editor's note: Seeking Alpha is proud to welcome Bern Lake Investor as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » JHVEPhoto/iStock Editorial via Getty Images Background Sutro Biopharma ( STRO ) is a South San Francisco-based company developing antibody drug conjugates (ADCs) for various cancers. Sutro Biopharma has had management turnover and a recent reverse stock split (1-for-10) to stay compliant with NASDAQ listing requirements, reducing the outstanding common stock from approximately 85,193,912 shares to approximately 8,519,392. This was the result of operational restructuring , cutting approximately one-third of its employees and announcing a management transition where the former CEO, Bill Newell, transitioned from the company in order to meet the milestones for STRO-004, a next-generation Tissue Factor (TF)-targeting exatecan ADC, and the initiation of clinical studies for at least one of Sutro's additional ADC programs. Operational Restructuring As a result of this restructuring, the President and Chief Operating Officer, Jane Chung, stepped into the role of Chief Executive Officer with a compensation package of $675,000 effective as of the Newell Separation Date, (ii) be eligible to earn a target bonus of 60% of her base salary, and (iii) be granted an award of 620,000 stock options and an award of 310,000 restricted stock units, both awards to be granted at the time of the Company's annual 2025 refresh equity grants. The Company also entered into a Separation and Transition Agreement with its Chief Financial Officer and Chief Medical Officer during this time. The Chief Scientific Officer, Hanspeter Gerber, was announced by the previous CEO, Bill Newell, in September of 2023 with an offer letter agreement on August 28, 2023 , detailing an annual salary of $500,000, a ...

在华收入飙升 苹果交出了一份全面超预期的成绩单！ 截至3月28日的公司第二财季，苹果 总营收达到了1111.8亿美元，同比增长17%， 创下历史同期最高纪录； 净利润 295.8亿美元， 同比增长19% 。 同时，公司的毛利率上升至49.3%，显示出了极强的获利能力。 尽管公司预计将面临芯片供应限制，但季度营收指引超出预期，推动股价在盘后涨超2%。 营收、利润超预期 财报显示， 在2026财年第二财季（截至2026年3月28日）中， 苹果 总营收达到了1111.84亿美元，同比增长17%； 净利润295.78亿美元，同比增长19%； 摊薄每股收益2.01美元，同比增长22%， 均高于市场预期。 库克指出： “我们迎来了有史以来业绩最好的三月季度（第二财季），所有地区市场均实现了两位数增长。” 具体来看部分核心业务的表现： iPhone营收：569.9亿美元，预期572.1亿美元； Mac营收：84亿美元，高于预期80.2亿美元； iPad营收：69.1亿美元，高于预期66.6亿美元； 可穿戴设备、家居及配件业务营收：79亿美元，高于预期77亿美元； 服务收入：309.8亿美元，高于预期303.9亿美元。 其中，iPhone业务仍是核心增长引擎。 iPhone营收增长超过20%，连续第二个季度实现高增长，同样创下3月季度纪录。 库克直言：“iPhone实现了3月季度营收纪录，这得益于iPhone 17系列的非凡需求。” 尽管面临供应链的制约，但需求依旧“爆表”， iPhone 17成为历史上最受欢迎的机型之一。 分区域来看，大中华区的市场表现尤为亮眼。 大中华区 第二财季收入达到了204.97亿美元，较上年同期的160.02亿美元增长28%。 在过去一年的时间里，市场对于苹果的担忧主要就是市场竞争加剧、苹果在中国的份额和定价能力是否会承压。 但从财报看， 至少短期内苹果在中国并没有出现失速， 反而交出了一份超预期的答卷。 苹果公司首席财务官凯文·帕雷克表示， 在3月季度的强劲业务表现创造了超过280亿美元的经营现金流，并创下了三月份季度经营现金流和每股收益的新纪录。 客户对我们产品和服务的持续强劲需求再次帮助我们实现了所有主要产品类别和地域细分市场活跃设备安装量的历史新高。 苹果对下一财季的指引显示营收同比增长14%至17%，但管理层警告称，内存成本将在六月财季后持续...

格隆汇5月1日｜比特币升破77000美元，日内涨超1%。

公司股东阵容形成了卫星运营、火箭制造、海上平台、产业基地、国有资本的全链条闭环。 上海商业航天产业迎来重要布局。 企查查APP显示，4月30日，上海商业航天海上发射技术有限公司成立，法定代表人为哈尔曼，注册资本为11亿元，注册地位于闵行区。公司经营范围包括民用航天发射技术服务、火箭控制系统研发、火箭发动机研发与制造、火箭发射设备研发和制造、特种设备设计等等。 该公司股东共有五家国央企公司，分别为上海国盛（集团）有限公司、上海市莘庄工业区经济技术发展有限公司、上海垣信卫星科技有限公司、中国海洋工程装备技术发展有限公司、中国航天科技集团商业火箭有限公司。 这一股东阵容形成了卫星运营、火箭制造、海上平台、产业基地、国有资本的全链条闭环。 垣信卫星是千帆星座的建设与运营商，对低成本、高可靠的发射能力有迫切需求。中国航天科技集团商业火箭公司掌握上游火箭研制能力，推进可重复使用火箭关键技术突破。中国海洋工程装备技术公司深耕海上工程技术、装备以及配套系统，莘庄工业区经济技术发展公司可提供产业承载平台，上海国盛发挥国有资本的产业引导功能。 值得注意的是，上海制定了力争到2027年商业航天产业规模达到1000亿元以上的目标。今年以来，上海正在加快建设全国商业航天产业高地。 政策方面，1月底上海市商业航天“火箭星城”建设方案发布。“火箭星城”位于闵行区，聚焦打造覆盖研发、制造、发射、运营、应用全链条的商业航天产业集群。根据规划，“火箭星城”设定了明确的阶段性目标，到2027年完成可重复使用火箭全产业链布局。 产业集群方面，上海松江九亭吸引商业航天龙头企业入驻。今年3月，上海星际荣耀天基算力科技有限责任公司成立，业务聚焦卫星应用、人工智能、云计算、数据处理等重点领域。另外，依托垣信卫星、格思航天两家链主企业，九亭今年以来已引进多家卫星互联网企业，带动松江全区产业链上下游企业总数增加。

高盛认为在AI基础设施建设热潮中，投资者应将仓位从芯片股转向云计算巨头。 周四，Alphabet股价单日大涨10%，市值单日增加4210亿美元，创下该公司有史以来最大单日市值增幅，同时也是美国企业史上第二大单日市值增加纪录。 （谷歌股价近一年走势） 与此同时，英伟达股价下跌逾4%，跌破200美元关口，单日跌幅金额近10美元。 高盛资深半导体分析师Jim Covello在致客户报告中建议"做多超大规模云服务商、低配半导体"。 Covello在报告中指出，当前市场对超大规模云计算商的投资回报率定价，已反映了"相当程度的悲观预期"，导致该板块估值倍数被大幅压缩。 相比之下，半导体股估值已明显偏高。 谷歌云强劲增长，点燃市场热情 Alphabet此轮暴涨的导火索是一份亮眼的季度业绩报告。 谷歌云业务单季营收增速达63%，令投资者印象深刻。云业务运营利润率从一年前的17.8%大幅扩张至32.9%，管理层将此归因于更高效的技术基础设施和流程创新。 摩根大通分析师Doug Anmuth在周四的研报中写道： 我们认为谷歌正在其AI投资上产生清晰、可量化的回报。 他指出，谷歌云的合同积压订单在一季度环比接近翻倍，达到4620亿美元。Anmuth同时强调： 底层芯片、模型改进、用户参与度与商业变现之间的良性循环仍在持续复利。 Alphabet方面在财报电话会议上表示，AI解决方案已成为谷歌云的首要增长驱动力，基于Gemini的AI智能体产品需求旺盛。 公司披露，Gemini每分钟处理超过160亿个token，环比增长60%。 Alphabet市值逼近英伟达，差距收窄至约2030亿美元 强劲业绩推动Alphabet股价创下历史新高，据道琼斯市场数据，该公司本月累计涨幅已达33.8%，为2004年10月以来最佳单月表现。 在市值排名上，Alphabet与英伟达之间的差距已缩窄至约2029亿美元，为今年2月5日以来的最小差距。 今年1月，Alphabet已超越苹果，成为全球市值第二大公司。 过去一年，Alphabet股价累计上涨138.5%。该公司已逐步瓦解外界对AI构成其业务"存亡威胁"的叙事，谷歌搜索业务一季度增长19%，查询量创历史新高，印证了AI扩大而非蚕食搜索业务的逻辑。 据Sensor Tower数据，Gemini已成为仅次于OpenAI旗下ChatGPT的全球第二大下载量AI应...

Source: Bloomberg, 0:00

(RTTNews) - The Australian stock market is maintaining its early gains in mid-market moves on Friday, snapping an eight-session losing streak, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,750 level, with gain

东盟各国经济部长周五发表联合声明称，中东战争正对全球能源安全构成日益严峻的威胁，并可能显著放缓东盟区域经济增速。 东盟经济共同体理事会表示：“我们对当前关键海运航道受阻深表担忧，尤其是霍尔木兹海峡 —— 全球约四分之一的海运原油与液化天然气出口经由此航道，其中超八成最终运往亚洲。航道中断正对全球能源安全构成重大风险，加剧原油及液化天然气价格持续波动，并大幅推高运费、保险及物流成本。” 东盟指出，能源与运输成本上涨正传导至粮食产业链，表现为化肥价格走高、化肥供应链存在潜在中断风险。 部长们表示，东盟区域整体生活成本持续攀升，低收入家庭与中小微企业受到的冲击最为严重。 各方重申承诺：危机期间避免设置不必要的贸易壁垒与非关税壁垒，尤其在粮食和能源供给领域。 同时承诺维持陆路口岸、机场、海港等贸易基础设施畅通，保障民生刚需物资正常流转。 责任编辑：王永生

政府上個財政年度錄得綜合盈餘112億，較早前預算增加了83億元。 2025/26年度財務狀況臨時數字，整體開支有7,903億元，收入則有6,975億元，計及發債所得的1,560億元，以及償還520億元債券本金後，錄得112億元綜合盈餘，較早前預算增加了83億元。 政府解釋，主要由於利得稅收入多了36億元，印花稅亦多了31億元，地價收入亦較預期高，多了11億元。而截至今年3月31日，政府財政儲備有6,655億元。

政府上個財政年度錄得綜合盈餘112億，較早前預算增加了83億元。 2025/26年度財務狀況臨時數字，整體開支有7,903億元，收入則有6,975億元，計及發債所得的1,560億元，以及償還520億元債券本金後，錄得112億元綜合盈餘，較早前預算增加了83億元。 政府解釋，主要由於利得稅收入多了36億元，印花稅亦多了31億元，地價收入亦較預期高，多了11億元。而截至今年3月31日，政府財政儲備有6,655億元。

statu-nascendi/iStock via Getty Images Welcome to the Nickel Miners News for April. The past month saw nickel prices move sharply higher. Nickel price news As of April 30, the nickel spot price was USD 19,260/t , sharply higher from USD 17,224/t last month. Nickel inventory at the London Metals Exchange [LME] was slightly lower the past month at 277,518 tonnes (281,574 tonnes last month). Nickel spot price 10 year chart - Current price = USD 19,260/t ( source ) Trading Economics Nickel demand v supply chart Carbon Credits forecasts a nickel oversupply to 2030, then growing deficits from 2030-2035 (as of May 2025) ( source ) Carbon Credits Trend Investing v IEA demand forecast for EV metals (Trend Investing) ( IEA ) Trend Investing & the IEA Lithium & Nickel are the two 'high importance to energy' critical materials in the medium term (2025-2035) ( source - page 29) DoE Nickel Market News On April 3 Discovery Alert reported : Structural factors reshaping global nickel market dynamics...The nickel market structural factors are experiencing transformation driven by the convergence of supply management strategies, input cost inflation, government intervention, and institutional capital reallocation. In April Trading Economics commented : Nickel futures traded above $19,450, marking a near two-year high as supply disruptions and tightening raw material availability reinforced bullish momentum in the market. Prices were underpinned by mining quota cuts in Indonesia, which have constrained ore supply and raised concerns over feedstock availability for downstream processors. In addition, a sulfur shortage linked to disruptions in the Strait of Hormuz added further pressure by raising processing costs for nickel intermediates and tightening output conditions beyond the mining stage. On April 23 Seeking Alpha reported : Commodities: Oil moves higher as peace talks look shaky...The International Nickel Study Group estimates the market will swing to a 32kt deficit in 2026 , fro...

Speculative reports say Amazon is considering relaunching the reality show once hosted by the US president, with his eldest son floated as a possible host Get our weekend culture and lifestyle email Amid speculative reports that Donald Trump Jr is being considered by Amazon to lead a reboot of The Apprentice, he’s already received a slightly muted endorsement from the reality show’s former host: his father. The Wall Street Journal reported on Wednesday that Amazon was considering rebooting The Apprentice, which was hosted by the now US president Donald Trump between 2004 and 2015, for its streaming service Prime Video. Sign up for the fun stuff with our rundown of must-reads, pop culture and tips for the weekend, every Saturday morning Continue reading...