格隆汇4月12日｜据华尔街日报，知情人士透露，美国财长贝森特曾与特朗普讨论过如果伊朗战争持续八到十二周，财政部可能采取的多种应对措施，以及美国在汽油价格可能上涨面前的脆弱性。

格隆汇4月12日｜据国际文传电讯社，俄罗斯总统普京与伊朗总统通电话。

沙特阿拉伯能源部在一份声明中表示，该国已恢复东西输油管道的全部输送能力，日输送量约为700万桶，并恢复了马尼法油田受影响的 日产 量约30万桶。 库赖斯油田的恢复生产工作仍在进行中，具体进展将在完成后公布。 沙特阿拉伯能源部于4月9日报告了袭击对能源设施的影响。 责任编辑：李肇孚

India's Nuclear Bet Is Starting To Pay Off Authored by Haley Zaremba via OilPrice.com, India's fast breeder reactor in Tamil Nadu achieved criticality earlier this month, making it self-sustaining and only the second commercial plant of its kind in the world. The 500-megawatt plant advances India's goal of reaching 100 gigawatts of nuclear capacity by 2047, up from roughly 9 gigawatts today. While the milestone is significant, experts warn India's 'all of the above' energy strategy may need to become more targeted as demand grows. India has reached a milestone in its nuclear energy program through its state-of-the-art fast breeder reactor, signalling a major step forward for the clean energy transition in the world’s most populous country. The country’s most advanced nuclear reactor reached criticality earlier this month, meaning that the nuclear chain reaction powering the plant is self-sustaining. This breakthrough will ultimately allow India to import far less uranium to power its nuclear program, and can be adapted to use domestic thorium reserves for fuel in a win-win for the subcontinent’s energy security and autonomy. When the plant comes online fully, it will be only the second commercial breeder plant of its kind in the world. The other is in Russia. These plants could change the nuclear landscape completely, as they are capable of producing more fissile material (in essence, nuclear fuel) than they consume. Indian Prime Minister Narendra Modi hailed the achievement as “a proud moment for India” and “a defining step” in advancing India’s nuclear program. “This advanced reactor, capable of producing more fuel than it consumes, reflects the depth of our scientific capability and the strength of our engineering enterprise. It is a decisive step towards harnessing our vast thorium reserves in the third stage of the programme,” Modi said in a post on X on Monday. This achievement is a long time in the making. The plant, based in the Southern Indian state of Tami...

Acclaimed musician, composer and bandleader who was one of the most significant figures in the history of British jazz As Ronnie Scott’s Old Place – the original basement club on Gerrard Street in London’s Chinatown – prepared to close its doors for the final time on 25 May 1968 , the last musicians to take the stand were the 10 young members of Mike Westbrook’s Concert Band. Recruited from a variety of backgrounds, they formed the vehicle with which their leader had begun to demonstrate his gift for slotting together elements of jazz from various periods and styles, filtering them all through his own sensibility to produce something thoroughly stirring, definitely contemporary and highly original. A capacity audience had queued all the way from the club’s entrance to Shaftesbury Avenue, and stayed on at the end to applaud the work of a musician on his way to becoming one of the most significant and productive figures in the history of British jazz. Continue reading...

股价上推至百元关口 净利润下滑近三成，股价却在一个月内飙涨近四成。华特气体的基本面与股价正出现背离。 近一个月来，华特气体股价从70元下方突破至百元关口上方，涨幅近四成，主力资金净流入超2.6亿元。但业绩面上，华特气体最新披露的2025年年报显示，公司全年归母净利润同比下滑26.75%，四季度更是骤降近七成。而同期多家同业公司均实现正增长。而此前，公司2023年归母净利润就曾出现同比明显下滑，之后2024年则小幅反弹。 市场将这一背离归因于氦气涨价预期与半导体景气复苏，机构与游资大举承接筹码。值得注意的是，减持抛压持续存在。2025年开始，华特气体员工持股平台厦门华弘多福投资合伙企业（有限合伙）、厦门华和多福投资合伙企业（有限合伙）、厦门华进多福投资合伙企业（有限合伙）通过大宗交易陆续减持套现超2.46亿元，高管新一轮减持计划亦已排上日程。 增收不增利，股价却单月涨近四成 Wind数据显示，近一个月（3月10日至4月10日），华特气体股价从70元/股下方一路攀升，近期已突破100元/股关口，区间涨幅超过39%。拉长时间来看，其年内累计涨幅已超75%。 但与股价的高歌猛进相比，公司业绩表现明显逊于预期。2025年，华特气体陷入增收不增利困境。全年实现营业收入14.19亿元，同比微增1.70%；归母净利润1.35亿元，同比下滑26.75%。分季度看，第四季度营收3.75亿元，同比增长11.32%，但归母净利润仅为1637.5万元，同比骤降68.57%。这一业绩水平低于此前多家机构分析师的预测。 进一步拆解来看，去年四季度净利润加速下滑的主因指向折旧压力。财报显示，公司折旧摊销成本明显上升，截至2025年末，华特气体固定资产账面价值达10.62亿元，较2025年6月末增加3.23亿元。 除折旧因素外，费用端的全面抬升同样侵蚀了利润。财报显示，2025年公司销售费用、管理费用、研发费用、财务费用四项费用合计占营业收入的比重为19.69%，同比提高2.64个百分点。其中变动比例最大的为财务费用，2025年财务费用达到3193.61万元，同比大增62.98%，主要系美元汇率下跌所致。 （图片来源：华特气体年报） 上海申银万国证券研究所团队认为，行业竞争日趋激烈，新产能折旧摊销压力仍存，导致营收增速及毛利率水平变化， 从更长周期观察，华特气体业绩已连续震荡走弱。财报数据显示，20...

船舶追踪数据12日显示，美国与伊朗在巴基斯坦的谈判接近尾声时，两艘试图通过霍尔木兹海峡的空载油轮临时掉头，具体原因不明。 (新华社)

1、【新思想引领新征程】供需两端齐发力 激活消费主引擎； 2、一季度铁路投资稳步增长 客运量创新高； 3、一季度我国完成水利建设投资2070亿元； 4、中央台办受权发布十项促进两岸交流合作的政策措施； 5、我国加速构建世界级船舶海工产业集群； 6、大力推进城市更新 不断提升城市品质； 7、智慧精细惠民 推动文旅服务提质升级； 8、【一线调研】我的春耕合伙人； 9、一季度我国办理不动产“带押过户”达9万笔； 10、一季度上合示范区中欧班列货运量再创新高； 11、中老铁路国际旅客列车开行三年发送跨境旅客超80万人次； 12、新渝万高铁正线56座隧道全部贯通； 13、广州口岸迎来广交会客货进境高峰； 14、第四届深港澳青少年创意设计大赛圆满落幕； 15、美国和伊朗在伊斯兰堡谈判结束 未达成协议：； 16、美总统称不在意能否达成协议 伊朗称美过分要求阻碍协议达成； 17、美称美舰穿越霍尔木兹海峡 伊朗军方否认； 18、以军与黎真主党武装冲突持续 以军袭击已致黎超2000人死亡； 19、俄乌相互指责对方违反停火； 20、欧盟航空燃油或将出现系统性短缺。（央视新闻）

Tat'yana Andreyeva/iStock via Getty Images Earnings season kicks off next week, with a wave of reports from major banks, tech leaders, and industrial names set to provide an early read on the economic and corporate landscape. Financials will take center stage, with results from JPMorgan Chase ( JPM ), Bank of America ( BAC ), Citigroup ( C ), Wells Fargo & Company ( WFC ), The Goldman Sachs Group ( GS ), and Morgan Stanley ( MS ), alongside asset manager BlackRock ( BLK ). Regional lenders, including U.S. Bancorp ( USB ), Truist Financial ( TFC ), The PNC Financial Services Group ( PNC ), The Bank of New York Mellon Corporation ( BK ), KeyCorp ( KEY ), Ally Financial ( ALLY ), and M&T Bank ( MTB ), will further shape expectations around lending, deposits, and credit quality. In technology and global demand, Netflix ( NFLX ) and Taiwan Semiconductor Manufacturing Company Limited ( TSM ) will be closely watched for signals on streaming growth and semiconductor demand tied to AI and electronics. Consumer and healthcare names such as PepsiCo ( PEP ), Johnson & Johnson ( JNJ ), and Abbott Laboratories ( ABT ) will offer insight into pricing power, demand resilience, and healthcare trends. Meanwhile, industrial and cyclical players, including Alcoa Corporation ( AA ), Fastenal Company ( FAST ), Prologis ( PLD ), The Travelers Companies ( TRV ), and Telefonaktiebolaget LM Ericsson (publ) ( ERIC ), will provide a broader read on global industrial activity, insurance trends, and infrastructure spending. With a strong mix of financials, tech, and cyclicals reporting, the first wave of earnings could set the tone for markets in the weeks ahead. Below is a rundown of major quarterly updates anticipated in the week of April 13 to April 17: Monday, April 13 Goldman Sachs Group ( GS ) The Goldman Sachs Group ( GS ) is set to report Q1 results before Monday’s open, with analysts expecting ~16% Y/Y EPS growth and ~12% revenue expansion. CEO David Solomon recently highlighted a more ...

zhengzaishuru/iStock via Getty Images Many years ago, when I first began writing articles for the website, there was a huge interest in having me write about energy stocks that did not separate investors from their money, as is extremely common in this industry. The very extreme case was a stock I wrote about years ago that quadrupled in price one week before it filed for bankruptcy (roughly). The other thing I wrote about was "The Big Discovery Trap " which very often happens with very small companies. Spartan Delta ( DALXF ) has long been a way to avoid a lot of the "traps" in this industry, as the last article noted . The Record This management has long been known for building and then selling substantial parts of the company to essentially begin over again. Spartan Delta History Of Rewarding Shareholders (Spartan Delta Corporate Presentation February 2026) A company like this one is suitable for new investors in the energy industry because this management has a fairly long history of success, as shown above. Probably the most interesting takeaway from managements like this one is that many investors believe that a lot of debt is necessary for a "homerun" in this part of the stock market. But most of the managements like this one that are very successful generally keep the debt levels to a very conservative level. Unlike a very common investor attitude, most managements consider debt a very seldom used tool. But the major idea is that successful (or "great") investors often center upon repeatable results (and consistency). Whereas much of the time I run into the attitude of "How do I get every last penny?" Rather than get every last penny from the current idea, I tend to look for results, as shown above, that are far more likely to avoid big losses. Logan Energy As is often the case with professionals that build and sell (either companies or parts of companies), this management decided that a certain proposal was different enough that a separate company, Logan En...

Source: Bloomberg, 5:30

The Iran war has led to much higher oil and gas prices.

Key PointsEven if the U.S. and Iran negotiate a lasting peace, oil prices could remain elevated for months and are unlikely to return to levels seen at the start of the year anytime soon.

Florida’s Attorney General has opened an investigation into OpenAI over potential national security risks and alleged links to criminal activity, raising questions for key investor Microsoft (NasdaqGS:MSFT). Microsoft, a major backer and commercial partner of OpenAI, has integrated OpenAI models across its productivity, cloud, and consumer products. Separately, Microsoft has told carbon removal credit developers that it is pausing what has been described as the world’s largest program for...

财联社4月12日讯（记者 陆婷婷） 4月以来，受下游需求攀升及原材料价格上涨影响，建滔积层板（01888.HK）等覆铜板（CCL）企业陆续启动新一轮涨价。 财联社记者注意到，AI驱动下高端CCL持续迭代，目前产业链正围绕高等级覆铜板密集布局相关项目。分析人士认为，Q3将进入传统旺季，叠加AI算力需求提速，覆铜板价格涨势有望延续，但未来随着新增产能释放，涨幅将收窄。 覆铜板掀涨价潮 根据上市公司近期披露的2025年业绩报告，多家覆铜板上市公司归母净利润报喜。其中， 华正新材 （603186.SH）同比扭亏为盈， 生益科技 （600183.SH）同比增长91.76%， 金安国纪 （002636.SZ）预计同比增长655.53%-871.40%， 南亚新材 （688519.SH）同比增长377.60%。覆铜板销量及售价上行、高附加值产品占比提升成为各家业绩增长的核心驱动力。 问及去年业绩增长的原因，南亚新材证券部工作人员对财联社记者表示，主要是产品结构转型，高端产品的利润和量都有相应起色。 近年来，AI服务器等应用的加速渗透令高端PCB需求激增，驱动上游基材CCL量价齐升。 部分覆铜板厂商调价动作贯穿去年全年。西部证券研报指出，自2025年12月起，建滔、南亚新材等主流厂商密集发布调价函，覆铜板价格单周最大涨幅达10%-20%。 进入2026年涨价并未有降温迹象，国际巨头率先宣布提价。 据媒体报道，继日本半导体材料巨头Resonac宣布将铜箔基板及黏合胶片售价上调30%以上之后，三菱瓦斯化学也宣布4月1日起对覆铜板、铜箔树脂片等全系列高端PCB材料涨价30%。建滔近日亦发布涨价通知表示：近期化工产品暴涨且供应紧张，导致覆铜板成本急剧上升，故将所有板料、PP（半固化片）价格上调10%。 就是否跟涨问题，一位A股覆铜板公司相关负责人向财联社记者坦言，“肯定会涨，但涨幅不一定是10%。可能低端的产品涨幅高一些，而高端产品因为本来利润就很高，调幅就会视与客户的合作关系进行相应调整，最终还是要转嫁成本。” 南亚新材证券部人士对以投资者身份致电的财联社记者表示，调价是有过程的，公司会根据原材料价格、市场信息及合作进度等情况灵活应对；华正新材人士同样表示，公司是根据客户、订单、产品的情况去动态调整价格，不是一概而论。 金安国纪证券部工作人员则表示，公司产品价格一直是随行就市，根据行业趋...

沙特阿拉伯能源部在一份声明中表示，该国已恢复东西输油管道的全部输送能力，日输送量约为700万桶，并恢复了马尼法油田受影响的日产量约30万桶。库赖斯油田的恢复生产工作仍在进行中，具体进展将在完成后公布。沙特阿拉伯能源部于4月9日报告了袭击对能源设施的影响。

当务之急必须坚定一个立场：内需尤其是最终消费是大国经济的压舱石，以消费为主的内需弹性和可塑性，是经济回暖势头的关键所在。 中国经济的温度正呈现出回升状态，要稳固这一回暖势头，找准并抓住“牛鼻子”尤为关键。 10日，国家统计局公布最新的3月物价数据显示，CPI同比上涨1.0%，环比下降0.7%，反映剔除春节假期等季节性因素干扰后，消费需求正在回归正常，需求偏弱、有效需求不足问题依然是各方攻坚的重点。 3月数据让人觉得“意料之外、情理之中”的是PPI，同比由上月下降0.9%转为上涨0.5%，是41个月来首次出现同比上涨；而且环比也上涨1.0%，涨幅比上月扩大0.6个百分点，成为48个月以来的最大涨幅。同环比双双上涨传递出一个强烈信号，PPI正非典型地走出收缩区间，经济活跃度开始有所抬头。这是近年来各方共同期盼的一种增长现象。 物价是经济的体温，不管动因为何，上涨总给人带来希望，给人注入预期。当前，PPI上涨成因应是内外部合力的结果，最为显著的是中东局势造成的全球大宗商品价格的快速上涨。自2月28日以来，国家发改委已三次上调汽油价格，累计涨幅约25%；同时人工智能等新技术正在广泛进入经济社会诸多领域，其带来的一轮方兴未艾的朱格拉周期，则显示PPI的上涨，可能也存在一种长周期的增长逻辑。 如果说地缘冲突和科技革命正将全球物价指数拉入一个复杂的跳涨周期，那么经济这种上升的体温，既是机遇也是挑战，机遇是中国产业链供应链可能正有效切入全球新一轮资本支出周期，挑战则在于增长的稳定性。 这反映在两个层面：一是大宗商品价格上涨，对中下游企业正在产生挤出效应。CPI增长回落，以及生产资料出厂价格同比环比上涨，警示着国内有效需求不足还在持续，也预示着PPI的价格传导，从生产端到消费端，存在明显阻断效应。这种阻断意味着中下游正在遭遇原材料价格上涨与最终消费不足的双向挤压，这将加重中下游企业负担。 二是人工智能等策动的资本支出周期，呈现出一种外部性冲击特征，即出口等外需市场对中国产业链供应链的诉求在增加。这种进一步显现的对外依存度，正带来增长的内稳性与风险的可塑性、可控性问题，尤其是在国际产业链供应链正在积极进行去中心化的当下，人工智能带来的资本支出需求，能否转化成中国产业链供应链上的议价能力，尚有待观察。 为此，当务之急是必须坚定一个立场：内需尤其是最终消费是大国经济的压舱石，以消费为主的内...

Fidelity Advisor New Markets In (0P0001EOTA) 公司概況及事件 Yahoo 財經

DINO 8-K及美國證券交易委員會申報文件 Yahoo 財經

港超，傑志2-0擊敗流浪，提早四輪封王。

For over a decade, China has quietly built effectively a monopoly on the critical minerals that power everything from smartphones to fighter jets and the US is now racing to catch up. David Westin speaks with a New Hampshire startup called Phoenix Tailings, where CEO Nick Myers is trying to break China's chokehold on the supply chain. He also talks with author David Abraham, CFR's Heidi Crebo-Rediker, and former US Ambassador to China Nicholas Burns about how the US fell so far behind, and whether innovation can help it leapfrog back into the game. (Source: Bloomberg)

伊朗法医组织说，在“强加给伊朗的战争”中，法医组织对3375名死者遗体进行了身份识别，其中已识别出2875名男性和496名女性。报道说，已确认身份的遇难者中，超过50%处于19岁至40岁年龄段。（新华社）

華南地區天氣持續炎熱，預計海口市未來四日高溫天氣持續。 中央氣象台預計，北方至長江中下游多地的氣溫，周四至周六將創今年新高。 其中石家莊、太原、武漢，最高溫預計達攝氏29度，而廣西、廣東以及海南部分地區，炎熱天氣預計亦會持續，當中海口市未來四日預測繼續高溫，可能刷新歷來4月，連續高溫日數紀錄。

內地今年7月中起，禁止向未成年人提供虛擬親密關係的陪伴服務。有學者認為，目的是避免用戶產生非理性依賴，甚至被誘導作危險行為。 片段中，手機屏幕內的這個男子已經去世，家人為免長者傷心，用人工智能(AI)虛擬該名男子，定期跟老人進行視像通話。 隨著人工智能發展，虛擬陪伴服務盛行，當中部分對象是未成年人。為免服務被「濫用」，內地公布《人工智能擬人化互動服務管理暫行辦法》，嚴禁向未成年人士，提供虛擬親密關係的服務，例如虛擬親屬等。 北京航空航天大學法學院副教授趙精武說：「主要考慮的是未成年人，正處於三觀形成和培育階段，虛擬親密關係服務，容易誤導未成年人，對現實生活當中的親屬和伴侶關係，產生一些錯誤的認識。」 至於其他人工智能擬人化互動服務，例如模擬真人的人格、思維，以及溝通風格，持續向境內大眾，提供情感互動的服務。 若涉及向十四歲以下未成年提供，就須先徵得監護人同意，而且要限制充值消費等。至於知識問答，智能客服等服務就不受限制。 《辦法》亦列明，當遇到用戶出現極端情緒時，服務商要即時作出干預，防止沉迷依賴。 趙精武指：「AI擬人化互動服務的發展方向是，文化傳播和情感陪伴，擬人化互動服務的功能，是對現有的情感交互的有益補充，而不是單純的替代。」 《辦法》亦要求保護用戶數據的控制權同隱私安全，將於7月15日起實施。

下周日在北京亦莊舉行的2026人形機械人半馬拉松比賽，已完成全流程測試。 今次測試從過去的周六晚開始，到周日凌晨完成，全面模擬賽道通行，流程調度、應急保障等。 有70多支隊伍參加測試，涵蓋自主導航和遙控兩類機械人。賽道就包括城市主幹道，與生態公園兩類場景。按照21公里比賽的完整路線進行，以測試賽道等是否有潛在問題，並優化流程細節。

Millions of Americans are expected to receive larger-than-usual tax refunds this year, a fact that makes it especially important to double-check who you've named as your beneficiaries. Imagine that like many couples, you named your spouse as your beneficiary on your accounts, but you've recently divorced. Say your tax refund then hits your bank account, and shortly thereafter, you unexpectedly die. Unless you've changed your beneficiary (typically called Payable on Death -- POD -- when attached to a bank account or CD), it's your ex-spouse who's going to walk away with the money. Image source: Getty Images. Continue reading

《科创板日报》4月12日讯（记者 敖瑾）在遭遇人才流动和“打压前员工”争议不断发酵之际，长期隐身于聚光灯之外的大疆创始人汪滔，选择走到台前。 他在访谈中，坦陈了一个产品天才在公司步入成熟期所面临的组织管理困境：“我现在想，能不能自己demo一个新版本出来：把产品做到极致的同时，把管理、组织和人的心性也一起补齐。” 汪滔的复盘和反思，无疑高度凝练着大疆演进的独特经历。 长期以来，大疆被视为“产品力驱动”的典型样本：飞控、云台、图传等核心技术持续迭代，叠加成本和供应链的有效管控，让它在全球消费级无人机市场建立了近乎垄断的优势。 但产品力让大疆从0走到了10甚至是100，却无法支撑100以后的阶段。 2017-2018年前后，大疆内部贪腐、山头割据与管理失序集中爆发，公司一度进入汪滔所描述的“礼崩乐坏”状态。产品成功所掩盖的组织问题彻底暴露，甚至影响到了公司的基本运转。而“对抗性”的纠偏，也让公司面临了更严重的人才流失。 这位产品天才的思考核心也由此发生了转变，如何重建一套可以持续运转的组织系统，成为了此后8年里，汪滔专注的核心命题。 而当放在更大的产业背景下，汪滔的反思不仅局限于大疆自身。 大疆所经历的由产品驱动，逐渐走向组织失控，再进入强力整顿和系统重建这一完整过程，实际上几乎也是所有成熟组织都会经历的不同阶段。更重要的是，在AI引领的产业发展新阶段中，这个过程发生的时间周期，正在被显著压缩。 与上一轮互联网发展引领的浪潮不同，AI技术的扩散正在降低单点能力的稀缺性。算力基础设施、开源框架和AI工具的成熟，让越来越多团队可以在较短时间内完成产品构建。过去需要长期积累的技术壁垒，正在被压缩为工程实现和组合的能力。 但与此同时，系统复杂度却在快速上升。模型、数据、算力、应用与商业化路径之间的耦合更深，组织内部的协同成本也由此显著提高。 换句话说，能力或许不再稀缺，但协同能力成为企业边界扩张的真正制约因素。这也意味着，企业的竞争重点，从能不能做出来，转向了能不能持续把事情做对。 另一更深层的变化，来自于人才。 在AI催化下，不少行业都进入了资本与技术红利叠加的阶段，资金充裕、路径清晰、工具完备，让优秀工程师和产品人才拥有前所未有的选择空间。 这一趋势已经在多个赛道中显现。大模型领域头部团队频繁出现核心成员流动，互联网大厂中承担关键技术职责的人才频繁流动，或加入老东家的竞对，...

Researchers say ‘magic mushrooms’ can help with traumatic symptoms, but urge caution as states expand access Sign up for the Breaking News US email to get newsletter alerts in your inbox After three combat deployments in Afghanistan, during which he suffered traumatic brain injuries from concussive blasts, army ranger Jesse Gould developed post-traumatic stress disorder and said he “drank almost every night to cope”. In times of hardship, veterans sometimes turn to “medication and talk therapy, but it tends to be more of a maintenance program than actually overcoming it”, Gould said, but added that at age 38, “I was still very young. I didn’t want to be on medication the rest of my life.” Continue reading...

Your guilty-pleasure, late-night snack, minus the guilt, in nine easy steps. Let’s be honest, fried chicken is one of those things that’s almost always good, but making it yourself has the benefit of allowing you to be sure of the provenance of the meat. Where fast-food restaurants tend to rely on pressure fryers for a juicy result, at home I brine the meat first using buttermilk – its slight acidity will also have a tenderising effect. Double win. Prep 5 min Marinate 4 hr+ Cook 40 min Serves 2-3 Continue reading...

A young Albanian woman’s escape from al-Hawl offers rare hope – but as the camp empties many are left stranded, prompting urgent calls for repatriation For weeks he hovered near Turkey’s border with Syria hoping for good news. In early February, Xhetan Ndregjoni got word of what he was waiting for – his niece Eva was on her way after escaping the squalid desert camp in Syria where she had been held without charge since she was a child. “I don’t have the words to describe that moment,” Ndregjoni said of their reunion . Continue reading...