Over the past three years, artificial intelligence (AI) stocks have been the engine driving the stock market higher. Of course, many stocks across industries also gained, but AI stocks offered the biggest push. And for a good reason: AI has the potential to be the next major game-changing development in the world of technology, and this suggests that companies active in this area could score a big...
Over the past three years, artificial intelligence (AI) stocks have been the engine driving the stock market higher. Of course, many stocks across industries also gained, but AI stocks offered the biggest push. And for a good reason: AI has the potential to be the next major game-changing development in the world of technology, and this suggests that companies active in this area could score a big win -- in some cases, as soon as right now, and in many cases, down the road. But in recent weeks, a new trend took shape: Some investors rotated out of AI stocks and into other areas. This happened amid various concerns, some directly related to AI and others related to the overall economic situation. For example, investors questioned whether the AI spending cycle would continue at the current pace or lose momentum. And they also worried about the conflict in Iran and its potential impact on the global economy. This prompted them to shift away from high-growth stocks, such as AI companies, and toward "safer" investments, such as pharma stocks or dividend players. I love the idea of diversification -- and increasing this in a portfolio is very wise, as it can shield that portfolio from the worst in times of trouble. Still, my prediction is that investors rotating out of AI stocks made a costly mistake. And the Nasdaq proves it. Continue reading
Nearly 1 In 4 Americans Over 65 Are Still Working For a growing share of Americans, retirement no longer starts at 65. This map, via Visual Capitalist's Gabriel Cohen, shows where people aged 65 and older are still working across U.S. states, based on 2024 data from the U.S. Census Bureau via FinanceBuzz . About 22% of Americans 65+ remain in the workforce, but the share climbs to nearly one-third...
Nearly 1 In 4 Americans Over 65 Are Still Working For a growing share of Americans, retirement no longer starts at 65. This map, via Visual Capitalist's Gabriel Cohen, shows where people aged 65 and older are still working across U.S. states, based on 2024 data from the U.S. Census Bureau via FinanceBuzz . About 22% of Americans 65+ remain in the workforce, but the share climbs to nearly one-third in some states. The gap highlights how cost of living, job availability, and shifting retirement systems are reshaping when—and whether—Americans stop working. The Workforces With The Most Seniors The New England states of Vermont and New Hampshire (both 28.6% ) lead the country in the number of seniors still working, followed by South Dakota at 27.6% . A clear regional pattern emerges: Northeastern states dominate the top ranks, with many posting rates above 26%. Higher living costs and longer life expectancy likely contribute to more Americans 65+ staying in the workforce. Most people are not working full-time, however. In fact, among its retirement-age workers, Vermont has the highest concentration of part-time employees nationwide, reflecting in part the social role work plays in many older Americans’ lives. The Two Full-Time States On the flip side, there’s Maryland, which has the highest share of full-time retirement-age workers in the country. Maryland and Hawaii are actually the only two states in which a majority of working people aged 65 and up are employed full-time. Full-time work is generally essential for seniors who cannot rely on other retirement sources of income, such as Social Security, or who obtain needed benefits through their job. The decline of traditional pensions is a key driver behind this shift. With retirement savings increasingly tied to 401(k) plans and market performance, many Americans are working longer to maintain financial security. West Virginia and the Truly Retired Among the 50 states in the country, West Virginia ( 16.7% ) has the lo...
同事前脚刚离职，经过 AI 蒸馏，他的赛博分身马上就可以开始工作。“同事 skill” 前一段时间火了，比起给死人烧电脑、全民跟风养龙虾，这才是最具 AI 魔幻现实主义的事情。 此前火爆全网的本地 “养龙虾” 热潮早已悄然降温，褪去狂热。随着 OpenClaw 热度回落、API 调用成本走高，加上 Mac mini M4 溢价回落，普通用户逐渐认清现实：本地部署 AI Agent 门槛高、运维繁琐...
同事前脚刚离职，经过 AI 蒸馏，他的赛博分身马上就可以开始工作。“同事 skill” 前一段时间火了，比起给死人烧电脑、全民跟风养龙虾，这才是最具 AI 魔幻现实主义的事情。 此前火爆全网的本地 “养龙虾” 热潮早已悄然降温，褪去狂热。随着 OpenClaw 热度回落、API 调用成本走高，加上 Mac mini M4 溢价回落，普通用户逐渐认清现实：本地部署 AI Agent 门槛高、运维繁琐、长期消耗成本不菲，多数人新鲜感过后便不再坚持，这波全民本地跑模型的跟风热潮已然退潮。 其实从得物App数据可佐证，Mac mini M4（16GB+256GB）市场价格已从3月11日的5279.79元高点回落至4月20日的3663.15元，一个多月内下跌约1615元，跌幅超过30%。其他配置也同步回调：16GB+512GB版本从6574元降至5679元，较高点下跌910元；24GB+512GB版本则从8999元回落至7744元。 再回到同事skill上面，“同事 skill” 是一套配合龙虾使用的 AI 工具。按现在网上一些人的说法，它能扒取同事的飞书、钉钉、邮件记录，生成一个同事的赛博分身，这样就可以裁掉他，让 AI 完美替代他的工作，别说敲代码了，甚至连跟客户对接交流，都能无缝衔接。 而没有工作的自由职业和学生朋友，也不用为使不上新技术而发愁，同一个开发者还上线了 “前任 skill”，同样能让你用 AI 工具一解相思之苦，瞬间就能和前任再续前缘。 这么说，这东西不就是《钢炼》里拿活人炼化的贤者之石，或者《哪吒》里南极仙翁炼化体制外小妖的丹炉吗？我们也慕名试了一下这个 “同事 skill”，先给各位压压惊，没那么吓人。 扒开花里胡哨的说辞，它本质上是一套提示词模板加聊天记录爬虫，然后大模型基于这些聊天记录，训练出一个能 cosplay 离职员工思维方式和说话风格的赛博 coser。 基于聊天记录，你的同事大刘可能会被贴上 INTJ、摩羯座、甩锅高手、百度范的标签，而小李则被贴上了 ESFP、狮子座，尽职尽责、字节范的标签。然后 AI 会逐步学习他们的说话风格，惟妙惟肖，但这些角色真正的工作能力，其实还是由大模型 + 龙虾来决定的。 “同事 skill” 可以看作是代表了一种追求极致生产力的 “AI 愿景”，但现阶段想把它当成同事的完美替代品，那还是有点扯淡了。 换句话...
格隆汇4月22日丨2026年4月17日，欧盟委员会发布公告，应欧盟行业协会European Steel Tube Association于2026年1月16日提交的申请，对原产于中国、俄罗斯和白俄罗斯的铁或非合金钢焊缝管（Welded Tubes and Pipes, of Iron or Non-alloy Steel）发起第三次反倾销日落复审调查。涉案产品的欧盟CN（Combined Nome...
格隆汇4月22日丨2026年4月17日，欧盟委员会发布公告，应欧盟行业协会European Steel Tube Association于2026年1月16日提交的申请，对原产于中国、俄罗斯和白俄罗斯的铁或非合金钢焊缝管（Welded Tubes and Pipes, of Iron or Non-alloy Steel）发起第三次反倾销日落复审调查。涉案产品的欧盟CN（Combined Nomenclature）编码为ex 7306 30 41、ex 7306 30 49、ex 7306 30 72和ex 7306 30 77 （TARIC编码为730630 41 20、7306 30 49 20、7306 30 72 80和7306 30 77 80）。本案倾销调查期为2025年1月1日至2025年12月31日，产业损害调查期为2022年1月1日至倾销调查期结束。
Jonathan Kitchen/DigitalVision via Getty Images Growing concerns around AI have weighed on Schrödinger's ( SDGR ) share price in recent months, a situation that has been exacerbated by relatively weak software growth and guidance for 2026. Doubts seem to be springing largely from the progress that Isomorphic Labs is making with its AI models. I previously suggested that the decline in Schrödinger'...
Jonathan Kitchen/DigitalVision via Getty Images Growing concerns around AI have weighed on Schrödinger's ( SDGR ) share price in recent months, a situation that has been exacerbated by relatively weak software growth and guidance for 2026. Doubts seem to be springing largely from the progress that Isomorphic Labs is making with its AI models. I previously suggested that the decline in Schrödinger's stock was being driven by temporary market headwinds. At the time I felt the company's valuation was compelling, though, despite the potential for further downside in the near term. The stock is down around 25% since then. While Schrödinger's software is unlikely to be displaced in the short term, there appears to be a realistic scenario where its use is limited to certain niches. The downstream value that the company is in line to receive probably more than justifies its current market capitalization, but it is difficult to see investor perception of the business changing anytime soon. Market Conditions Schrödinger continues to face a challenging demand environment (elevated interest rates, tight biopharma budgets, academic funding pressure), but recent share price weakness is probably being driven by concerns around long-term competitive positioning. This primarily relates to Isomorphic Labs recent Drug Design Engine (IsoDDE) announcement. IsoDDE builds on AlphaFold 3, improving accuracy and generalizability. It also predicts small molecule binding affinities with accuracies that exceed physics-based methods while being faster and lower cost. Figure 1: IsoDDE Capabilities (source: Isomorphic Labs) Schrödinger Business Updates While the tangible benefits of Schrödinger's software have already been demonstrated (accelerated development timelines and improved probability of success), there is a growing question around the long-term impact of AI. AI is also a force multiplier for Schrödinger's software, though, enabling companies to explore more chemical space. Despite this...
Exxon Mobil Corp. is exploring a sale of its gasoline station network in Hong Kong, according to people familiar with the matter, as the US oil and gas giant continues to trim its retail footprint globally. The company, which operates under the Esso brand, may seek a valuation of $500 million to $600 million for the assets, one of the people said. Considerations are ongoing and no final decisions ...
Exxon Mobil Corp. is exploring a sale of its gasoline station network in Hong Kong, according to people familiar with the matter, as the US oil and gas giant continues to trim its retail footprint globally. The company, which operates under the Esso brand, may seek a valuation of $500 million to $600 million for the assets, one of the people said. Considerations are ongoing and no final decisions have been made, the people added. The potential divestment comes at a time of uncertainty for the retail fuel industry. While gas stations have historically provided stable cash flows, the business is facing renewed pressure from extreme volatility in crude markets following the outbreak of the Iran war . Exxon has a global strategy to streamline assets and has appointed advisers to handle a series of sale of its downstream retail sites under the Esso brand in markets including France, New Zealand and Hong Kong, one of the people said. Last October, the company agreed to sell its Esso-branded service stations in Singapore to PT Chandra Asri Pacific Tbk . Exxon currently has 39 Esso-branded gas stations in Hong Kong, according to its website . An Exxon representative declined to comment. Hong Kong gasoline prices are among the highest in the world, averaging over $15 a gallon, according to GlobalPetrolPrices.com , which tracks retail prices of motor fuel, electricity, and natural gas globally. The local government, meanwhile, has been encouraging a switch to electric vehicles with incentives such as registration tax waivers . In a separate deal, US energy giant Chevron Corp. agreed in February to sell its Hong Kong fuel business to Thailand’s Bangchak Corp. for $270 million. While the war in Iran has boosted gas prices, it has also created other challenges. Exxon and Chevron both lost about 6% of their global production in the first quarter, largely because the Strait of Hormuz has been essentially closed. Exxon has also said that first-quarter earnings at its energy-product...
Greece announced fresh economic relief measures worth around €500 million ($587.6 million), after data showed the country’s budget outperformed its targets last year. The new set of measures include handouts for families with children, relief for more renters, as well as an extension of subsidies for diesel and fertilizer, Prime Minister Kyriakos Mitsotakis said in a televised message. “I am well ...
Greece announced fresh economic relief measures worth around €500 million ($587.6 million), after data showed the country’s budget outperformed its targets last year. The new set of measures include handouts for families with children, relief for more renters, as well as an extension of subsidies for diesel and fertilizer, Prime Minister Kyriakos Mitsotakis said in a televised message. “I am well aware that difficult international conditions add to the daily burden of the already high cost of living for our households,” Mitsotakis said. The announcement comes after data by Eurostat and Greece’s statistical service published Wednesday showed Greece achieved a surplus of 1.7% of gross domestic product in 2025 — compared to a target for a 0.6% of GDP surplus. This was the fourth consecutive year that Greece’s budget performance exceeded targets, creating room for the government in Athens to give handouts. Following a devastating decade-long sovereign debt crisis, Greece has been gradually returning to normalcy, pursuing fiscal discipline and restoring its sovereign debt credit rating. Despite a comeback in key economic metrics, citizens have been struggling with an increased cost of living that’s become worse in recent months due to the price pressures stemming from the war in Iran. The issue of affordability has consistently topped the list concerns in opinion polls, adding to pressure for the government, which is facing a national election by next spring. The latest measures are “the best we can do without disturbing the hard-earned economic balance,” Mitsotakis said. In March, the Greek government announced two sets of measures to address rising prices for oil and certain goods. The first set included a profit margin cap on fuel and groceries and will last through June. The second one will apply for April and May and amounts to about €300 million in subsidies for diesel, gasoline and fertilizers, as well as targeted compensation for coastal shipping companies, which...
alexsl/iStock via Getty Images By James Smith , Developed Markets Economist, UK The latest rise in UK headline CPI tells us virtually nothing about the scale and duration of the inflation wave to come. The Bank of England is still flying blind, with the conflict unresolved. But the limited amount of survey data available so far suggests little cause for alarm on inflation. And against a fragile jo...
alexsl/iStock via Getty Images By James Smith , Developed Markets Economist, UK The latest rise in UK headline CPI tells us virtually nothing about the scale and duration of the inflation wave to come. The Bank of England is still flying blind, with the conflict unresolved. But the limited amount of survey data available so far suggests little cause for alarm on inflation. And against a fragile jobs market, we don’t expect a rate hike next week or this year. As for that March data, there was nothing too surprising. The combination of higher motor fuel and heating oil prices added roughly 40bp to headline inflation, which now sits at 3.3%. Services inflation was up, though only because of volatile airfares; our estimation of the Bank of England’s preferred gauge of “core services” stayed at 4.2%. On ING’s base case for oil and natural gas prices – which has the former staying between 90 and 100 USD/bbl in the second and third quarters of the year, and the latter averaging 55 EUR/MWh this quarter – we’d expect UK inflation to peak fractionally above 4% in August/September but generally bouncing around a 3.5-4% range in the second half of the year. That’s consistent with a 25% rise in household electricity/gas bills when the Ofgem price cap is next updated in July. And these forecasts assume some uptick in food inflation later this year. Wholesale natural gas prices close to pre-war levels Source: Macrobond, ING Since we last updated our scenarios, natural gas prices have come under renewed downward pressure. And remarkably, futures prices for delivery 12 months into the future are within spitting distance of their pre-war levels. And this matters for the Ofgem price cap, which tries to mimic what energy providers pay to lock in future supplies. If wholesale prices stay where they are today, the July price cap is more likely to rise by a mere 10-15% and retrace much of that increase in October. That’s consistent with inflation peaking around 3.5%. So long as inflation ...
Hengrui Pharma reported steady growth in the first quarter of 2026. In Q1 2026, the Company recorded revenue of RMB 8.14 billion, up 12.98% year-over-year, while net profit attributable to shareholders increased by 21.78% to RMB 2.28 billion. Innovative drugs remained the key growth driver, generating RMB 4.53 billion in revenue, up 25.75% year-over-year and accounting for 61.69% of total pharmace...
Hengrui Pharma reported steady growth in the first quarter of 2026. In Q1 2026, the Company recorded revenue of RMB 8.14 billion, up 12.98% year-over-year, while net profit attributable to shareholders increased by 21.78% to RMB 2.28 billion. Innovative drugs remained the key growth driver, generating RMB 4.53 billion in revenue, up 25.75% year-over-year and accounting for 61.69% of total pharmaceutical sales.
Goldman Sachs, Wells Fargo, Citigroup, and JPMorgan all posted Q1 2026 earnings beats, signaling potential undervaluation as the financials sector attempts a recovery.
Goldman Sachs, Wells Fargo, Citigroup, and JPMorgan all posted Q1 2026 earnings beats, signaling potential undervaluation as the financials sector attempts a recovery.