Russia’s invasion of Ukraine spiked oil prices to over $100. On March 8, 2022, it reached $127. It spiked over $100 again in June of that year. Oil recently settled into a consumer-friendly pattern; it fell as low as $56 last December. That is over for now. JPMorgan says crude could go to $120. In ... Oil Is Going To $100, According To Experts

格隆汇3月2日丨赫美集团(002356.SZ)公告称，公司股票于2月27日、3月2日连续两个交易日收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动情况。截至目前，公司氢能相关销售收入占公司整体营业收入比重较低，且全部集中于交通应用领域，不存在除交通应用领域以外的其他氢能相关收入来源。

Prostock-Studio/iStock via Getty Images Co-authored with Hidden Opportunities I am sure you have run into this situation many times - waking up in a good mood, getting ready on schedule, and enjoying a hearty breakfast. You won the morning and are ready to win the day. Then it happens. Traffic. What should have been a smooth drive turns into brake lights stretching endlessly ahead. You keep checking your watch. You’re late and begin to get anxious and frustrated. Panic follows. Suddenly, you’re frantically switching lanes, accelerating and braking hard, and taking detours that you normally wouldn’t. In trying to “make up time,” you take risks and increase the odds of mistakes and accidents. Yes, you started on time, but most of your stress could have been avoided by leaving a bit earlier. Retirement planning works the same way. Income is often treated as an afterthought. “I can focus on income when I am ready to retire.” But the reality is that often, people can easily find themselves stuck in financial traffic. It could be the loss of a job a few years before they are ready for retirement or retiring in a low-interest-rate environment, which may cause them to overpay for yield or stretch into riskier securities just to bridge the gap. Worse, they may be told to delay retirement altogether because market conditions aren’t favorable. Even younger investors are not immune, as job security today is far less predictable than it once was. Any of these circumstances could cause panic, anxiety, frustration, and raised emotions, much like those experienced on a clogged highway. For true financial independence, leading to a retirement of your choosing, income investments belong in a portfolio long before retirement arrives—not as a last-minute scramble, but as a steady foundation. Reliable cash flow provides optionality. It reduces the pressure to sell assets at the wrong time, and it allows you to stay calm when markets stall. Having a portfolio of reliable income producers...

Israel trades fire with Hezbollah, widening the U.S. and Israel's war with Iran into Lebanon. And, Texas primaries could test if Latino support for the GOP remains strong after 2024's gains. (Image credit: Atta Kenare)

俄罗斯总统普京与卡塔尔埃米尔通话。

Toyota ( TM ) raised its offer price for supplier Toyota Industries ( TYIDY ) (TYIDF ) on Monday, valuing the bid at $30 billion and ending a months-long battle with activist investor Elliott Investment Management, which had pushed for a higher price. The carmaker and its affiliates are now willing to pay ¥20,600 for each share of Toyota Industries they don’t already own, and extended the tender period to March 16. The new offer values the company at ¥6.7 trillion ($43 billion) and represents a 9.6% bump from its previous price, which was already raised before amid pressure from Elliott. Elliott in a statement said it had agreed to tender its shares in the forklift maker, known as TICO, and called the raised offer of 20,600 yen ($132) a share an "improved outcome" for minority shareholders. "Elliott therefore intends to accept the terms of the Second Increased TOB," it added. More on Toyota Motor, Toyota Industries Toyota's Abrupt CEO Switch Signals Big Spending To Keep Up With AI And Chinese Rivals Toyota Motor: Confirmation Of A Long-Term Defensive Investment After Q3 Results Toyota Motor Corporation (TM) Discusses Executive Leadership Transition and Organizational Restructuring Transcript Toyota Motor reportedly set for $19B strategic shareholding unwind Auto sales are forecast by Cox Automotive to remain sluggish

美军说已有4名美军士兵在对伊朗行动中身亡。(新华社)

BYD sales come under pressure

About 20 per cent of the 50 places in the inaugural intake of Hong Kong University of Science and Technology’s new graduate medical school in 2028-29 may be reserved for non-local students, with most of them likely to be from mainland China, according to the institution. Applicants for the four-year graduate entry-level medicine programme must pass an international admission test, with HKUST preferring those with a background in biotechnology. According to HKUST, the tuition fee for holders of a...

以色列国防军向黎巴嫩城镇居民发布18项疏散警告。

格隆汇3月2日丨伊朗最高国家安全委员会秘书拉里贾尼：伊朗已为长期战争做好准备。正如过去300年，伊朗从未发起战争，我们的勇敢武装力量只为防御而战，我们将毫不犹豫地捍卫自己和六千年的文明，让敌人为他们的错误计算感到后悔。伊朗已准备好进行一场持久战。与美国的准备情况相反。

RBC Capital Maintains Broadcom(AVGO.US) With Hold Rating, Cuts Target Price to $340 富途牛牛

中国银行间市场交易商协会组织市场成员，结合债市特点，围绕主体认定、资金用途、债券期限、配套机制等方面推出一系列优化措施。一是细化科技型企业认定标准。明确支持由相关部委基于创新能力和水平评定的“7+6”类科创称号企业，强化专利型科技企业认定标准，加大科创债对具备核心技术实力的创新主体支持力度。二是依据研发强度分层管理募集资金用途。将企业研发投入强度、研发支出与资金使用灵活度挂钩，引导资金直接流向科技创新领域。三是鼓励发行中长期债券。支持科技型企业和股权投资机构发行中长期科创债，更好匹配科技研发和股权投资的资金特征。四是提升对民营企业的包容性。民营企业发行科创债可灵活设置募集资金用途，更好匹配企业融资需要。五是持续完善配套机制。提升股权投资机构发行便利，推广“常发行计划”和灵活增发机制，鼓励创新评级方法，完善主承销商评价机制，鼓励投资机构优化考核评价体系，推动科创债指数及指数化投资产品发展。（上证报）

格隆汇3月2日｜黑石集团旗下房地产信托基金BREIT自2022年以来首次录得净流入。

BBC Sport looks at how the ongoing conflict in the Middle East is affecting the staging of sporting events around the world.

当地时间3月2日，加沙地带卫生部门公布最新统计报告，过去24小时内，加沙地带各医院共接收1名死者、5名伤者。报告显示，自本轮停火以来，加沙地带因以军袭击而死亡的人数升至630人，另有1698人受伤。自2023年10月7日新一轮巴以大规模冲突爆发以来，以色列对加沙地带的袭击已累计造成72097人死亡、17.18万人受伤。（央视新闻）

内乱或将是今明两年伊朗面临的持续风险。 在2月9日《第一财经日报》刊发的《经济民生危机动摇伊朗基础》一文中，笔者提出，在长久经济困难、极端旱灾、意识形态坍塌、统治体系裂痕、战争失败五重危机冲击叠加之下，伊朗政治、军事系统性风险已非不可想象。而随着美以对伊朗开战，首日伊朗最高领袖哈梅内伊与一批伊朗军政核心高层遇袭身亡，伊朗政治、军事系统性风险正在成为现实。 根据特朗普政府新版《美国国家安全战略》和《国防战略》，以及当前战局，伊朗与美以两国的战争将是速战速决而不会延续太久，内乱或将是今明两年伊朗面临的持续风险。伊朗国情及其政治、军事系统性风险等因素决定了当前国际市场油价的地缘政治风险溢价不会持久，刺激、支撑贵金属行情的风险则将延续较长时间。 美以对伊朗战争正锁定速战速决 在这一届特朗普政府任内，美国对外军事行动追求的目标是速战速决的胜利，而且不承担输出意识形态、在打击对象国建立秩序的义务。随着哈梅内伊与伊朗一批军政核心高层遇袭身亡，尽管这几天伊朗会持续尽最大力量以导弹和无人机打击以色列本土和美国军事目标，但美以正锁定速战速决胜利结局，伊朗的一些报复反击策略还有可能为自己带来重大、长期负面后果。 目前伊朗可用的唯一报复打击美以的手段，是以弹道导弹和无人机攻击以色列本土、海湾区域美军基地和美军舰队，但这些手段数量有限，而且不可能倾尽家底，而不保留任何储备。在去年的“十二日战争”中，伊朗拥有此前数十年、包括伊斯兰革命以来其经济状况最好时期积累的导弹和无人机，但其报复打击以色列本土的效果相当有限，以至于以色列股市在伊朗导弹打击时继续上涨。“十二日战争”惨败之后，伊朗满目疮痍，百废待兴，又深陷多年来最严重经济民生危机，即使将军工生产置于首位，也不可能在短短8个月内补足“十二日战争”中的战损与消耗。相应地，这次伊朗导弹、无人机报复打击的持续时间和预期战果也必然有限。 对以色列而言，在全面掌握伊朗制空权的情况下，剩余的轰炸，本质类似2024年底叙利亚阿萨德政权覆灭后全面轰炸消灭该国战略兵种、装备、设施，都是旨在消灭伊朗未来威胁打击以色列的能力。 目前已取得战果与伊朗报复打击已取得和预期战果相比，已经足以令美以宣称获胜；叠加未来数日继续轰炸的预期战果，最终战果对比将对美以更加有利。 伊朗攻击海湾邻国美国军事基地、封锁霍尔木兹海峡等报复反击策略副作用严重，可能令自己四面受敌而得不偿失。前...

Investor Gary Black of The Future Fund LLC has criticized Tesla Inc. (NASDAQ:TSLA) and its bullish supporters, noting that the stock has failed to demonstrate growth over the last 5 years amid the autonomous driving race. Tesla Stock Has Done Nothing In a post on the social media platform X on Thursday, the investor slammed the stock and Tesla's bullish supporters. "$TSLA stock has done nothing for 5 years (TSLA +81% vs NDX +94%) despite huge advances in TSLA's unsupervised autonomy technology,"

Blackstone Inc. ’s $55 billion real estate fund for wealthy individuals last month took in more money from investors than it paid out for the first time since 2022, a sign of rebounding sentiment in the commercial-property sector. Blackstone Real Estate Income Trust came under pressure in recent years as higher interest rates weighed on property values. Investors tried to yank money at a rapid clip, at one point asking to withdraw $4.5 billion in a single month. BREIT eventually had to cap withdrawals and it took more than a year to clear the backlog. Inflows have since increased for the non-listed REIT and withdrawal requests are at the lowest levels in four years, a spokesperson said in an emailed statement. “BREIT remains exceptionally well-positioned amid the cyclical recovery in real estate, supported by its differentiated portfolio, which includes its data center company, QTS and its massive logistics platform,” the spokesperson said. The net positive flows also reflect BREIT’s outperformance, the firm said. BREIT outperformed publicly-traded REITs by nearly three times last year and by roughly 65% over its nine-year history, according to the spokesperson. A key share class at the fund delivered a net 8.1% return last year.

Fool.com analysts Matt Frankel and Tyler Crowe are buy-and-hold investors, and the bulk of both of their portfolios consists mainly of solid businesses with reliable cash flow. But both also invest in some more "exciting" businesses as well. In this video, both longtime investors

百濟神州(6160.HK)：4Q25產品銷售強勢、利潤端略有波動 2026研發多點開花；維持買入 富途牛牛

bo feng/iStock via Getty Images Introduction I think all of you may be familiar with FANG. I am not talking about Diamondback Energy ( FANG ), but about the acronym that was coined by Jim Cramer. To my best knowledge, that happened in 2013, which was truly exceptional timing, as Big Tech went on an impressive run from roughly 2013 to 2025, as we can see below. It basically sucked the oxygen out of the rest of the market and international stocks, if you allow me to paint with a broad brush. I am using the Vanguard Mega Cap Growth Index Fund ETF ( MGK ) as a proxy for these stocks: TradingView (MGK) Initially, FANG meant Facebook, Amazon, Netflix, and Google. In 2017, he changed FANG to FAANG, as he included Apple. Then, the acronym was eventually changed to MAMAA/FANGMAN to include/change names like Meta (Facebook changed its name), Alphabet (Google also changed its name), Microsoft, and others. None of these acronyms caught on. And to be honest, they didn’t have to. Coming up with FANG was genius, as it basically became a synonym for the Big Tech stocks that led the market. Even when others coined the term Magnificent Seven after AI went mainstream, FANG still covered these stocks. If you ask me, the best thing about FANG is that it became a synonym for large tech companies with healthy balance sheets, strong secular growth, and wide business moats. That’s why acronyms are so handy, as they simplify investing. This includes knowing what not to buy. See, as much time as I spend on finding the stocks that are worth buying, in a market of thousands of stocks, I believe the overwhelming majority of equities are not worth investing in. That’s actually supported by research from Bessembinder and colleagues , who found that fewer than 90 stocks accounted for half of the stock market wealth creation in the U.S. over the past 90 years. Bessembinder et al. (2018) As someone who is blessed with a job that involves discussing stocks nearly 24/7, I often see portfolios from peop...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Survey Monday What's the highest price (per barrel) WTI crude oil will hit in the current conflict with Iran? Click here to take the poll and don't forget to share your thoughts in the WSB comments section . Good morning! Here's the latest in trending: Without Buffett: Berkshire Hathaway's ( BRK.B ) Greg Abel commits to uphold unique culture in his first annual letter . Operating earnings dropped amid headwinds , but the cash pile hit $373B . AI drama: Anthropic defends 'red lines' as Claude tops the App Store despite government fallout , while OpenAI says its rival is not a supply chain risk . Iran headlines: Air travel is disrupted , insurers mull price hikes , Amazon's ( AMZN ) UAE data center is hit , and analysts size up historical oil shocks . See more on the weekend events below. Operation Epic Fury Markets are reacting in all the usual ways one would expect following the conflict in Iran. Stocks are sliding , the dollar is gaining , while oil has surged 8% to over $72 per barrel and gold just rose above $5,400 an ounce . How long those trades play out depends on how long the campaign in the Middle East will last and whether tensions will escalate in the Strait of Hormuz and to areas far beyond. Temporary surge or $100 oil? What happened? On Saturday morning, Iranian Supreme Leader Ayatollah Khamenei and many top regime leaders were killed in strikes on Tehran. A joint U.S.-Israel campaign was launched after determining that diplomatic efforts toward having the Islamic Republic give up its nuclear ambitions and end its regional terror network hit a dead end. There were also fears over its ballistic missile program that was increasing in scope and size - with no safeguards for a regime whose slogans are "Death To America" and "Death To Israel" - and mows down its citizens by the thousands for protesting economic mismanage...

当地时间2日，以色列国防军宣布，黎巴嫩真主党情报部门负责人在以色列对贝鲁特的一次空袭中丧生。以色列国防军称，现在可以确认其在黎巴嫩首都的夜间空袭中炸死了侯赛因·马克莱德，“他曾担任真主党情报部门负责人”。（央视新闻）

The smoke rising from Iran on Saturday signalled more than just a localised escalation in the Middle East. Coming on the heels of the United States’ military invasion of Venezuela earlier this year, the joint US-Israeli strikes on Iran represent a watershed moment for the 21st century. We are witnessing the systematic dismantling of the post-1945 legal order, replaced by the unvarnished “law of the jungle” where strategic interests supersede legality, and the UN Charter is treated as a relic of...

Amazon.com Inc. may be a leader in the artificial intelligence race, but investors are increasingly unwilling to pay up for the cost of maintaining that position. Shares of the e-commerce and cloud computing giant plunged 12% in February, their worst month since December 2022, as Wall Street takes an increasingly jaundiced view of the company’s aggressive AI spending plans. Not only are the capital expenditures eating into Amazon’s free cash flow, but market pros are growing impatient about when they’ll pay off in dramatic fashion. The stock also was the worst performer of the so-called Magnificent Seven technology behemoths last month and among the 40 weakest companies in the S&P 500. And that’s coming off a tepid 5.2% gain in 2025, which was the weakest return in the Mag Seven as well. “Amazon is starting to look like a cautionary tale, because its investments are so high but the returns are among the lowest in Big Tech,” said Adam Rich , who helps oversee more than $15 billion in assets as deputy chief investment officer and portfolio manager at Vaughan Nelson Investment Management. “The growth we’re seeing just isn’t enough to justify the higher capex.” Amazon fell as much as 3.3% in premarket trading Monday as part of a broader selloff in equity markets following military strikes across the Middle East. The cash spigot opened again on Friday, as Amazon said it would invest $50 billion in OpenAI . As part of the circular nature of the deal, OpenAI also will spend an additional $100 billion over eight years under its current agreement with Amazon Web Services. Much of the recent weakness comes on the heels of Amazon’s earnings report from early February that included plans to spend $200 billion this year on data centers, chips and other equipment to expand its computing capacity. The target was far more than expected and contributed to a disappointing forecast for operating income, which completely overshadowed the fastest quarterly growth for Amazon Web Services...

Amazon.com Inc. may be a leader in the artificial intelligence race, but investors are increasingly unwilling to pay up for the cost of maintaining that position. Shares of the e-commerce and cloud computing giant plunged 12% in February, their worst month since December 2022, as Wall Street takes an increasingly jaundiced view of the company’s aggressive AI spending plans. Not only are the capital expenditures eating into Amazon’s free cash flow, but market pros are growing impatient about when they’ll pay off in dramatic fashion. The stock also was the worst performer of the so-called Magnificent Seven technology behemoths last month and among the 40 weakest companies in the S&P 500. And that’s coming off a tepid 5.2% gain in 2025, which was the weakest return in the Mag Seven as well. “Amazon is starting to look like a cautionary tale, because its investments are so high but the returns are among the lowest in Big Tech,” said Adam Rich , who helps oversee more than $15 billion in assets as deputy chief investment officer and portfolio manager at Vaughan Nelson Investment Management. “The growth we’re seeing just isn’t enough to justify the higher capex.” Amazon fell as much as 3.3% in premarket trading Monday as part of a broader selloff in equity markets following military strikes across the Middle East. The cash spigot opened again on Friday, as Amazon said it would invest $50 billion in OpenAI . As part of the circular nature of the deal, OpenAI also will spend an additional $100 billion over eight years under its current agreement with Amazon Web Services. Much of the recent weakness comes on the heels of Amazon’s earnings report from early February that included plans to spend $200 billion this year on data centers, chips and other equipment to expand its computing capacity. The target was far more than expected and contributed to a disappointing forecast for operating income, which completely overshadowed the fastest quarterly growth for Amazon Web Services...