Andrzej Rostek/iStock via Getty Images Co-authored by Relative Value. Overview With this, we continue our series of articles, focused on the new fixed-income financial products on the exchange. This time, we'll apply our IPO evaluation methodology to the latest listed product of Rithm Capital ( RITM ) - the 8.75% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series F ( RITM.PR.F ). Following our routine, we'll first analyze the financial state of the issuer to assess the potential dangers (if any) of investing in its preferred equity. Next, we'll continue with peers from the sector comparison to assess the investment qualities of RITM-F in a relative value analysis. The New Issue The prospectus contains all relevant information regarding the new preferred stock. Here, we will focus on only the metrics that are most important for our analysis. RITM-F description (QuantumOnline) RITM-F will pay a 8.75% annual fixed cumulative dividend, non-eligible for the preferential income tax, in $0.5469 quarterly distributions until its call date on 02/15/2031. After that, if the preferred is not redeemed, the annual dividend will be equal to the five-year U.S. Treasury rate on the applicable reset calculation date plus a fixed spread of 5.009%, resetting every five years thereafter. The distributions will begin on May 15, 2026, meaning that the first dividend will be irregular in size and will amount to approximately $0.6927 per share. The security had no stated maturity date and was not credit-rated by any of the big rating agencies at the time of its IPO. Rithm Capital's gross proceeds from the new security are $250 million for a total of 10 million preferred stocks issued with a liquidation value of $25 each. As the issue is just listed on the exchange, its price chart looks like this: RITM-F price chart (TradingView) Currently, RITM-F is priced at $24.77, with a current yield of 8.83% and a yield to call calculated by the XIRR function of 9.33%: RITM-F YTC calculati...

Twist Bioscience press release ( TWST ): Q1 GAAP EPS of -$0.50 misses by $0.07 . Revenue of $103.7M (+16.9% Y/Y) beats by $1.66M . DNA Synthesis and Protein Solutions revenue grew 27% to $51.1 million for thefirst quarter of fiscal 2026 compared to $40.1 million for the same period of fiscal2025. NGS Applications revenue grew 8% to $52.6 million for the first quarter of fiscal2026 compared to $48.6 million for the same period of fiscal 2025. For the full fiscal year 2026, Twist expects:• Total revenue in the range of $435 million to $440 million vs $431.67M consensus, growth of 16% at the midpoint,compared to prior guidance of $425 to $435 million. We expect the revenue increaseversus prior guidance to be generally balanced across DSPS and NGS• Gross margin to be above 52% for fiscal 2026 For the second quarter, Twist expects:• Total revenue of approximately $107 million to $108 million vs $104.36M consensus, growth of approximately16% percent year over year at the midpoint, with sequential growth driven by key NGSaccounts More on Twist Bioscience 44th Annual J.P. Morgan Healthcare Conference Twist Bioscience Corporation (TWST) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Twist Bioscience Is Bent, Not Broken: Near-Term Strain, Long-Term Strength Twist Bioscience Q1 2026 Earnings Preview Twist Bioscience outlines 13–15.5% revenue growth target for 2026 as AI-driven orders accelerate

财联社2月2日讯（编辑 冯轶） 财联社为您带来今日港股重要公告 1）公司要闻 招商局置地(00978.HK)： 2025年合同销售总额约为323.08亿元，同比减少23.91%。 中兴通讯(00763.HK)：拟出资1.17亿元认购建兴湛卢基金份额，可投资扶持更大范围的创新业务及上下游产业链企业。 云工场(02512.HK)： 附属中标人工智能产业基地二期项目，合约价值为人民币5.2亿元。 小鹏汽车-W(09868.HK)：1月共交付新车20011辆。 拉近网娱(08172.HK)：附属拉近众博获蚂蚁云通授权为“蚂蚁百宝箱官方合作服务商”。 骏东控股(08277.HK)：附属河北林木与金达林业订立木材采伐及销售协议。 环球医疗(02666.HK)：附属拟发行本金总额不超过10亿元公司债。 君圣泰医药-B(02511.HK)： 任命Filip Surmont博士为首席医学官，强化心肾代谢系统疾病(CKM)布局。 蓝河控股(00498.HK)：与能储投公司订立合作框架协议。 2）融资、回购动态 钧达股份(02865.HK)： 完成配售1868.2万股，净筹约3.98亿港元。 小米集团-W(01810.HK)：斥资2.09亿港元回购600万股，回购价34.54-35.00港元。 碧桂园服务(06098.HK)：斥资1134.6万港元回购180万股股份，回购价6.26-6.35港元。 VITASOY INT'L(00345.HK)：斥资1173.63万港元回购168.2万股股份，回购价6.89-7港元。 爱康医疗(01789.HK)：拟使用最多1.5亿港元进行股份购回。

财联社2月2日讯（编辑 赵昊） 知名苹果爆料人马克·古尔曼发文表示，苹果公司近几周又流失至少四名人工智能（AI）研究人员，同时还有一位Siri高管离职，这些员工转投去了Meta、谷歌等公司。 根据古尔曼的说法，离职的四名AI研究人员分别是Yinfei Yang、Haoxuan You、Bailin Wang和Zirui Wang。知情人士称，Yinfei Yang已离职创业，Haoxuan You和Bailin Wang则加入Meta。 其中，Haoxuan You进入了Meta的“超级智能”（Superintelligence）研究部门，Bailin Wang则从事推荐算法相关工作。 Zirui Wang则加入了谷歌DeepMind，该团队正协助苹果开发核心AI模型，为新功能提供动力，其中包括定于今年推出的升级版Siri语音助手的底层技术。 近几个月来，苹果遭遇人才流失潮，AI团队尤为严重，凸显出其AI部门持续动荡，反映苹果在AI竞赛中难以追赶同行，并且公司将部分技术外包给谷歌的决定可能引发了内部员工不满。 此外，还有一项此前未披露的变动：苹果高管Stuart Bowers同样跳槽至谷歌DeepMind，他曾是公司负责Siri业务的最高级别管理者之一。 Bowers此前是苹果失败的自动驾驶汽车项目的经理，随后转而负责重振Siri。去年，他的职责被扩大，主管Siri理解并生成用户回应的能力，直属于新任Siri负责人Mike Rockwell。 尽管苹果销售额屡创新高，但AI困境已拖累公司股价表现低迷。缺乏有说服力的AI突破，加之顶尖人才持续流失，仍对公司复苏计划形成重大压力。 据了解，苹果近期的离职事件主要来自“基础模型”（Foundation Models，简称“AFM”）团队，该团队负责开发Apple Intelligence平台的底层技术。 由于新版Siri多次延期、现有AI功能反响平淡，该团队正面临越来越多的审视。去年夏天，AFM前负责人Ruoming Pang跳槽至Meta，目前由AI研究员Zhifeng Chen领导。 先前，苹果对AI业务进行重大重组，解除了长期负责AI业务的John Giannandrea的职务，将相关责任交给软件工程高级副总裁Craig Federighi，还聘请谷歌和微软的前AI高管Amar Subramanya负责部分组织管理。...

甲骨文盘前涨幅扩大至4%，此前一度跌近5%。穆迪确认甲骨文Baa2评级，因股权融资公告，展望维持“负面”。

Shionogi & Co. press release ( SGIOY ): FY GAAP EPS of ¥ 188.00. Revenue of ¥ 500B. More on Shionogi & Co. Pfizer exits GSK majority-owned ViiV Healthcare; Shionogi raises stake Seeking Alpha’s Quant Rating on Shionogi & Co. Historical earnings data for Shionogi & Co. Dividend scorecard for Shionogi & Co. Financial information for Shionogi & Co.

Amazon.com, Inc. (NASDAQ:AMZN) is asking U.S. regulators for more time to meet a key satellite deployment milestone, arguing that launch bottlenecks and industry-wide disruptions are slowing the rollout of its Starlink rival, Amazon Leo. Amazon Says Rocket Shortages Are Slowing Leo Rollout Amazon has formally requested a two-year extension from the Federal Communications Commission to meet a deadline requiring the company to deploy roughly 1,600 internet satellites by July 2026, according to a filing made public Friday. The company said delays beyond its control — including a near-term shortage of available rockets, manufacturing disruptions, and setbacks involving new launch vehicles — have hindered progress on its low Earth orbit satellite network, rebranded as Amazon Leo. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Leo, formerly Project Kuiper, is "producing satellites considerably faster than others can launch them," Amazon wrote in the filing, pointing to grounded rockets, extended development timelines, and limited spaceport capacity as key constraints. Amazon is asking the FCC to either extend the deadline to July 2028 or waive the requirement that roughly half of its planned 3,236-satellite constellation be deployed by 2026. $10 Billion Satellite Internet Bet Faces Industry Bottlenecks Unveiled in 2019, Amazon Leo is designed to deliver high-speed, low-latency broadband to consumers, businesses, and governments using square-shaped user terminals. Amazon has committed at least $10 billion to the project. While the company has booked more than 100 launches — including additional missions with SpaceX, Blue Origin, and Arianespace — it said many next-generation rockets have taken longer than expected to reach full operational readiness. Trending: Blue-chip art has historically ...

Trump is known to have been an associate of Epstein for years, but says he had no knowledge of his crimes and that they fell out in about 2004. There are no suggestions he ever visited Epstein's private island and he has not been accused of any crime by Epstein's victims. The US justice department has said allegations about him are unfounded and false.

Cathie Wood's Ark Investment rotated money into high-conviction innovation themes, including AI, genomics, blockchain, and autonomous systems, while trimming exposure to mature biotech and established growth stocks. The investment firm bought 780K shares of Joby Aviation ( JOBY ) through its ARKQ ( ARKQ ) and ARKX ( ARKX ) funds, valued close to $8.7M. ARKQ ( ARKQ ) continued its investment in the AI robotics field with 90K shares of Kodiak AI ( KDK ) purchased. ARKQ ( ARKQ ) also added over 48K shares of the autonomous vehicle company WeRide ( WRD ), continuing the trend from last week. Crypto-linked assets also saw inflows, particularly within ARKF ( ARKF ), adding over 210K shares of Bullish Holdings ( BLSH ) valued close to $7.1M, alongside smaller additions in Coinbase Global ( COIN ), Circle Internet Group ( CRCL ), and its ARK 21Shares Bitcoin ETF ( ARKB ), reinforcing ARK’s positioning around digital asset market infrastructure. In genomics, ARK leaned heavily into gene-editing names, sharply increasing exposure to CRISPR Therapeutics ( CRSP ) and Beam Therapeutics ( BEAM ), adding ~246K and ~146K shares, respectively. ARKG ( ARKG ) & ARKK ( ARKK ) continued building in healthcare AI with over 46K shares of Tempus AI ( TEM ) purchased. ARK rotated capital out of genomic tools and diagnostics, selling over 117K shares of Illumina ( ILMN ) and 175K shares of Veracyte ( VCYT ), with reductions in Twist Bioscience ( TWST ) and 10X Genomics ( TXG ). Ark trimmed media streaming exposure, selling around 35K shares of Roku ( ROKU ). More on Ark Invest AI Can't Sustain This Rate Of Return ARKG: Cathie Wood's Biotech Product Is In Rally Mode ARKK: Buying Disruption At These Levels Is A Dangerous Game Cathie Wood's weekly recap: buys WeRide, crypto names, trims defense firm Kratos, PINS, META Moonshots: What investors need to know about the Artemis launch

Artificial intelligence (AI) may look automated, but it runs on human labour. Behind every chatbot and image generator are thousands of people labelling images, tagging text, moderating content and training systems to understand language and culture. This invisible workforce has quietly become a critical layer of the global AI economy. India has emerged as a major hub for this work. Its large English-speaking workforce and long history in information technology outsourcing have made it a go-to location for data annotation, content moderation and AI training support. However, much of this labour is low-paid and contract-based, raising questions about whether India merely risks becoming a data labour back office. By contrast, China is moving to formalise and scale data labelling. Policymakers are encouraging the structured annotation of data to feed domestic AI development . This state-backed approach treats data and labelling not as peripheral tasks, but as strategic infrastructure, helping Chinese firms build systems tailored to local industries and governance needs. Advertisement As AI increasingly enters everyday life, it depends on a vast, largely invisible workforce. By 2022, India’s data annotation industry was estimated to be worth US$250 million, employing 70,000 people, with 60 per cent of its business coming from US companies. Most workers are first-generation annotators; 80 per cent of them are from rural backgrounds. Most of these centres are staffed by women. In one lab, the entire staff consisted of women, with most of them being college-educated, former stay-at-home wives. Companies like iMerit and Niki.ai have established centres in the states of Odisha, Chhattisgarh and Jharkhand to tap into the Adivasi and other marginalised communities. A woman learns to use a chatbot powered by artificial intelligence at a women’s organisation’s office in Mumbai, India, on February 1, 2024. Photo: AP This has led to women from marginalised communities being includ...

Construction has resumed on four offshore wind mega-projects after they survived a near fatal attack by Donald Trump’s administration thanks to rulings by federal judges. These are being seen as victories for clean energy amid a wider war being waged on it by the Trump administration. The wind farms are considered critical by grid planners as America faces an energy affordability crisis. Together, the four projects will contribute nearly five gigawatts of energy to the east coast, enough to power 3.5 million homes. In December, the Trump administration issued an order halting the construction of five offshore wind projects along the east coast, citing “reasons of national security”. On 9 January, during a White House meeting with oil and gas executives, the president said: “My goal is to not let any windmill be built. They’re losers.” But in mid-January, federal judges rejected the administration’s claims and allowed construction to resume on four of the five projects. Work began immediately on Vineyard Wind, Coastal Virginia Offshore Wind, Empire Wind 1 and Revolution Wind. A fifth project, Sunrise Wind, is also fighting the stop work order and has a court hearing on Monday that industry experts believe will have a positive outcome. Judges across different jurisdictions ruled against the Trump administration. “This is a broad rejection of the administration’s arguments,” said John Carlson, the senior north-east regional policy manager for the climate nonprofit Clean Air Task Force. The stop-work order argued that wind turbines could interfere with military radar, but Carlson said it was a pretext to undermine wind power. “All these projects already went through very significant national security reviews,” he said. “He’s losing in court, and I think he will continue losing in court. But that’s not the entire playing field,” Carlson noted. To the wind industry, the court rulings are bittersweet. Trump may be losing the court battle against offshore projects already u...

In this article CTRA DVN Follow your favorite stocks CREATE FREE ACCOUNT Devon Energy's Jackfish Projects processing plant in Alberta, Canada. Jimmy Jeong | Bloomberg | Getty Images U.S. shale producers Devon Energy and Coterra Energy are set to merge in a $58 billion all-stock deal to create one of the largest independent shale producers in the country, the companies said on Monday. A merger between Devon and Coterra brings complementary acreage together at a time when securing high-quality inventory is a priority and crude prices remain under pressure. Coterra shareholders will receive 0.70 Devon shares for each share held. This deal is the largest tie-up in the U.S. shale industry since Diamondback acquired Endeavor Energy Resources for about $26 billion in 2024. After the merger, Devon will hold roughly 54% of the new company, which will retain the Devon name and be headquartered in Houston while maintaining a major presence in Oklahoma City.

FAIR LAWN, N.J., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank ("Columbia"), reported net income of $15.7 million, or $0.15 per basic and diluted share, for the quarter ended December 31, 2025, as compared to a net loss of $21.2 million, or $0.21 per basic and diluted share, for the quarter ended December 31, 2024. Earnings for the quarter ended December 31, 2025 reflected higher net interest income due to both an increase in interest income and a decrease in interest expense, a decrease in provision for credit losses and higher non-interest income, partially offset by higher income tax expense. During the fourth quarter of 2024, as previously disclosed, the Company restructured its balance sheet by selling debt securities available for sale and prepaying higher cost borrowings, which resulted in a pre-tax loss of $37.9 million. For the quarter ended December 31, 2025, the Company reported core net income of $15.9 million, an increase of $4.5 million, or 39.6%, compared to core net income of $11.4 million for the quarter ended December 31, 2024. (Refer to "Reconciliation of GAAP to Non-GAAP Financial Measures" for a reconciliation of GAAP net income to core net income.) The positive impact of the balance sheet repositioning transaction in 2024 significantly contributed to the net interest margin expansion in the 2025 period.

VenHub Global Inc. LAS VEGAS, Feb. 02, 2026 (GLOBE NEWSWIRE) -- VenHub Global, Inc. (NASDAQ: VHUB) (“VenHub” or the “Company”), a leader in fully autonomous Smart Store technology, today announced the appointment of Ian Rasmussen as Executive Vice President of Global Expansion and Partnerships. Rasmussen brings to VenHub nearly two decades of experience leading digital transformation initiatives across retail operations and will lead the Company’s commercial growth strategies, enterprise integrations, and strategic partnerships as the Company accelerates the deployment of its modular, unattended Smart Stores across North America. In this role, Rasmussen is responsible for driving revenue growth through enterprise partnerships, operator onboarding, and scalable go-to-market execution across key verticals. He reports directly to VenHub Founder and Chief Executive Officer, Shahan Ohanessian. “Our Smart Stores are already operating in real communities, serving customers around the clock and delivering value every day, proving that unattended retail is not a future concept, it is a reality today,” said Ohanessian. “As we scale, commercial discipline and operational readiness will play a key role in our ability to achieve our growth goals. Ian brings deep experience turning advanced retail technology into repeatable, revenue-generating deployments at enterprise scale. His leadership will be critical as we execute on our strategies to expand our footprint with major operators and partners. I am excited to welcome Ian to the VenHub team.” Rasmussen joins VenHub after nearly a decade at Amazon Web Services, where he played a key role in expanding Amazon’s Just Walk Out and related checkout technologies across the energy and convenience sectors. From 2022 to 2025, he led teams responsible for deploying computer vision, IoT, and self-checkout systems with national and global operators, helping retailers modernize operations, improve throughput, and scale new retail formats acr...

Sjors Hardholt/iStock via Getty Images Introduction Last year, I started using some Goldman Sachs research in my outlook, as the investment bank made the case for a “lost decade.” Their view was based on the market’s elevated valuation, which could offset earnings growth and lead to subdued returns. The Goldman Sachs strategist, who correctly predicted Wall Street’s underperformance this year, sees US equities continuing to lag other markets for the next decade. Oppenheimer and his team expect the S&P 500 to achieve annual returns of 6.5% in the coming 10 years, the weakest among all regions. Emerging markets are projected to be strongest, at 10.9% a year. - Bloomberg Bloomberg Meanwhile, people like Ed Yardeni make the case we’re in the “ Roaring 20s. ” As a lot has happened in recent weeks, I’m using this opportunity to explain why both make great points and how this can help us generate alpha in this market or simply achieve our personal goals much more easily. So, as we have a lot to discuss, let’s keep this intro short and get right to it! The Valuation Story - The Bad News Valuations are important. I have often explained this based on single stocks. For example, if Company A grows its earnings per share by 5% per year forever, its stock price rises by 5% per year as well if we ignore any valuation changes. However, if its valuation multiple drops, the return falls, as this headwind offsets some earnings gains. That’s basically Goldman Sachs’ argument in a nutshell. And, historically speaking, the relationship between the market’s longer-term performance and its starting valuations (see below) confirms that this is an important factor. JPMorgan As the market currently trades at 22.0x earnings, there’s a clear case to be made that we’re in for some trouble down the road. Historically speaking, of course. FactSet But that’s just a part of the story. If I were to use this info only, I could write a super bearish article, annoy many readers, and get many views. But...

(RTTNews) - While reporting financial results for the first quarter on Monday, Tyson Foods, Inc. (TSN) continues to project sales growth of 2 to 4 percent from fiscal 2025 sales of $54.44 billion, implying sales between $55.53 billion and $56.62 billion. On average, 12 analysts polled expect the company to report revenues of $55.86 billion for the year. The company also still projects adjusted operating income of $2.1 billion to $2.3 billion and capital expenditures between $700 million and $1.0 billion for fiscal 2026. In Monday's pre-market trading, TSN is trading on the NYSE at $67.01, up $1.67 or 2.56 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

格隆汇2月2日｜甲骨文(ORCL.US)盘前涨幅扩大至4%，此前一度跌近5%，消息上，惠誉给予甲骨文公司高级票据“BBB”评级，同时确认其发行人信用评级，展望稳定。

RiverNorthPhotography Tyson Foods ( TSN ) rallied in early trading on Monday after the protein company topped FQ1 earnings expectations. Revenue was up 5.1% from a year ago to $14.3 billion for the quarter that ended on December 27. Sales were up 6.2%, excluding the impact of a $150 million increase in legal contingency accruals, which was recognized as a reduction to sales. Volume was down 0.3% during the quarter, while average price was up 6.5%. Beef prices soared 17% during the quarter from a year ago, while chicken prices dipped 0.1%. Prepared food prices were up 7.9% from a year ago. Adjusted operating income fell 13% from a year ago to $572 million. Tyson's ( TSN ) adjusted operating margin was 4.0%, led by a 12.6% margin in the prepared foods business. Adjusted EPS was reported at $0.97 vs. $0.94 consensus and $1.14 a year ago. "Our first quarter results reflect solid execution across our portfolio," stated Tyson Foods ( TSN ) CEO Donnie King. "As protein demand continues to increase, our consistent share gains demonstrate we are well-positioned to capture this momentum. I'm encouraged by the progress we've made and confident we will drive continued improvement across the controllable aspects of our business in fiscal 20266," he added. In terms of guidance, Tyson Foods ( TSN ) sees revenue growth of +2% to +4% for the full fiscal year and adjusted operating income of $2.1B to $2.3B. Capital expenditures of $700 million to $1.0 billion are anticipated, which is a range that fell below the consensus estimate of $1.01 billion. Shares of Tyson Foods ( TSN ) rose 2.3% in premarket action to $66.84, which marks a new 52-week high for the stock. More on Tyson Foods Tyson Foods: Protein Powerhouse Set To Benefit From The New Food‑Pyramid Shift Tyson Foods: Recovery Picks Up Pace Even As Demand Softens Tyson Foods: Recent Dividend Increase Shows Inflation Headwinds Continue To Linger (Rating Upgrade) Tyson Foods Non-GAAP EPS of $0.97 beats by $0.03, revenue of $14.31B...

Amdocs Ltd. (Symbol: DOX) has been named to the Dividend Channel ''International S.A.F.E. 10'' list, signifying an international stock with above-average ''DividendRank'' statistics including a strong 2.0% yield, as well as a superb track record of at least five years of dividend growth, according to the most recent ''DividendRank'' report. According to the ETF Finder at ETF Channel, Amdocs Ltd. is an underlying holding representing 1.14% of the Powershares International Dividend Achievers ETF (PID), which holds $12,418,374 worth of DOX shares. Amdocs Ltd. (Symbol: DOX) made the "Dividend Channel International S.A.F.E. 10" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless five year history — never a missed or lowered dividend; E. Enduring — at least a half-decade of dividend payments. The annualized dividend paid by Amdocs Ltd. is $1.74/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/28/2023. Below is a long-term dividend history chart for DOX, which the report stressed as being of key importance. DOX operates in the Application Software sector, among companies like Microsoft Corporation (MSFT), and Oracle Corp (ORCL). Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

jamesteohart/iStock Editorial via Getty Images Context When I last covered the stock (with a hold rating), MINISO Group Holding Limited ( MNSO ) was on a roll, trading slightly above fair value. Since then, fundamentals and valuations have flipped, with revenues and free cash flow continuing to grow, but the stock has declined by 20% over the past year. This drop was partly driven by investor concerns over competition from rival Pop Mart, which shot to fame thanks to their proprietary Labubu IP, which became a viral phenomenon, as well as by Miniso’s surprising CNY 6 billion investment in struggling Chinese supermarket chain Yonghui Superstores in 2024. Despite the drop, the stock is not a bargain and appears to be fairly valued. Business context Miniso is a trendy retailer of branded IP products and merchandise such as plushies, personal accessories (such as fragrances and bags), stationery, ‘kidult’ collectibles and blind boxes among other items, designed in-house in collaboration with partners like The Walt Disney Company ( DIS ), Sanrio Company, Ltd. ( SNROF ), Mattel, Inc.'s ( MAT ) Barbie, and Nintendo Co., Ltd.'s ( NTDOY ) Pokémon . Their products are mostly sold through their network of offline stores worldwide under the Miniso banner ( 7,800 stores at the end of September 2025), and to a lesser extent through their new Top Toy banner (300 stores). The vast majority of stores are operated under a retail partner model, with under 10% operated directly by Miniso. Financial context Revenues continue to grow (based on the latest figures, for the first nine months of 2025, revenues rose over 20%), with gross margins remaining unchanged at 44%. Net margins, however, dropped to about 9% from around 14% the same period last year, weighed down by net interest costs of over CNY 200 million or approximately 1.5% of revenues (owing to debt of more than CNY 5 billion taken in late 2024 to fund the purchase of Yonghui Superstores), in contrast to the previous year when th...

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一创固收：风险资产大跌扰动有限，债市震荡中分化 今日风险资产大跌，白银、铜等多种商品期货跌停，权益受影响也大幅下挫。不过其他资产的表现并没有对债市造成太多影响，收益率后续走势偏震荡。周末公布的PMI数据弱于预期，早盘超长端活跃券情绪一度较好，收益率下行1.5BP左右。不过后续随着其他期限偏弱，超长也开始回吐涨幅。 现券方面，10年期国债活跃券250016收益率上行0.1BP至1.811%，30年国债活跃券25特6收益率下行1BP至2.25%，10年期国开活跃券250215收益率下行0.8BP至1.954%。 公开市场操作方面，央行公开市场7天OMO投放750亿元，到期1505亿元，净回笼755亿元。2月第一个交易日央行例行回收流动性，资金方面则变化不大，全天均衡偏松，波动不大。 中信证券：股债商“三杀”下固收承压，超长债相对抗跌 今日市场呈现股债商三杀，唯超长债表现较好。周末PMI数据超预期走弱，叠加贵金属明显回调，今日现券开盘略偏暖，10年国债活跃券一度触及1.8%。日内权益及商品市场延续走弱，但或受固收+产品赎回担忧影响，基金卖出较多，市场最终走出股债商三杀行情。 中国银河固收：收益率震荡下行，供给回落与节前资金扰动并存 上周（1.26-1.30）债市收益率震荡下行，主要受股债跷跷板、利率走廊收窄预期等因素影响。截至1月30日， 30Y-10Y、10Y-1Y期限利差分别较上周变化2.05BP、-3.66BP至47.78BP、51.13BP。 供给面来看，利率债发行规模回落，发行国债0亿元、地方债4392.8亿元，同业存单3771.2亿元，整体较上周回落5185.1亿元。国债、地方债、存单发行规模较上周分别变化-5150亿元、2077.1亿元、-2112.1亿元；按2026年新增专项债和新增一般债额度分别为4.8万亿元和0.8万亿元计算，地方债整体发行进度为11.4%，新增专项债和新增一般债发行进度分别为10.5%、17%。 资金面上，通常春节前后受居民取现等季节性因素的影响，资金面波动较大，比如2025年一季度在央行稳汇率和春节取现等扰动下，资金面大幅收紧。展望今年，一方面信贷开门红、政府债发行节奏继续前置、春节取现等扰动因素仍在，叠加企业年底结汇需求上升的影响（12月银行结售汇差额升至历史新高，1000.67亿美元），节前资金面或出现阶段性波动。另一方面，当前...

美国国家海洋和大气管理局太空天气预报中心1日发布消息称，美东时间1日18时57分(北京时间2日7时57分)，太阳活动区4366爆发了一次强度达X8.1级的耀斑，预计该区域还将出现更多活跃的太阳活动。太空天气预报中心网站说，对相关日冕物质抛射的模拟显示，大部分抛射物质将在2月5日左右从地球的北侧和东侧掠过。预计未来几天在4366区域还会出现剧烈的太阳活动现象。据该机构介绍，这类级别的太阳耀斑爆发通常呈快速增强并减弱的脉冲式，可持续数分钟或数小时，会导致地球向阳侧大部分区域的高频通信波段立即出现大范围强烈信号衰减或中断；高频无线电用户在受影响区域可能面临数分钟至数小时的信号中断或严重干扰。太阳耀斑是太阳上最剧烈的活动现象之一。它是太阳大气局部区域突然变亮的活动现象，常伴随有各种能段电磁辐射和粒子发射的增强。按照能量从小到大，太阳耀斑可以分为A、B、C、M、X五个级别，每个级别又可分10个等级。太阳耀斑事件如果足够强大，释放的高能粒子到达地球后会产生太阳辐射风暴，耀斑伴随的日冕物质抛射还可能引发地磁暴，干扰在轨的卫星和空间站以及地面电力（562350）和通信系统等。(新华社)

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 As the precious metals market goes on a wild ride, are you worried about the heavy volatility spreading to equities? And where do you see gold ending the year? 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: Razor-thin margin: Are there enough votes to end the partial government shutdown? Here's what has been impacted so far after House Democrats balked at ICE funding . House of Mouse: Disney ( DIS ) reports earnings before the bell amid rumors of a new chief to take over Bob Iger . Explicit goal: China's Xi signals a push for renminbi reserve currency status as Beijing eyes bigger role in global finance. Volatility spike The precious metals rally has been a wild one over the past three months. Gold ( XAUUSD:CUR ) first broke through the $4,000 barrier in early October, hit $4,500/oz by late December, and went on to top $5,000 and then $5,500 in the span of a few days in January. Silver ( XAGUSD:CUR ) has also seen tremendous gains, flying from an already elevated $50 to near $120 per ounce over the same timeframe. Too far, too fast: There were definitely catalysts to the rally, like central bank buying, debt and dollar concerns, and geopolitical tensions. However, anything that records such outsized returns during such a quick period is poised for a serious pullback, with gold and silver tumbling by 16% and 34% , respectively, over the past two sessions. A Warsh-led Fed and profit-taking were said to prompt the selling, as well as crowded and leveraged trading that saw the CME Group raise its margin requirements on precious metals. "The pattern sure seems to repeat: parabolic rise, leverage build-up, margin hike, cascade liquidation, crash. The only question is timing," SA analyst Jeff Malec wrote in Metals Meltdown: Wh...

格隆汇2月2日｜STOXX欧洲600指数涨幅扩大至0.5%，创盘中新高。

JHVEPhoto TransUnion ( TRU ), the company known for its credit score services, agreed to acquire the mobile division of RealNetworks in a move to reduce fraud and make communications more secure for businesses, the company said Monday. The business to be acquired helps identify fraudulent messages and calls and enables carriers to offer secure branded calls. It also detects synthetic and cloned voices during calls. The acquisition is expected to add to TransUnion's capabilities with advanced artificial intelligence and machine learning technologies and real-time analytics of text, multimedia messages, and phone calls to reduce fraud and improve customer engagement. "We expect that this acquisition will extend TransUnion’s sophisticated voice channel capabilities to messaging, strengthening how we combat fraud and help consumers and businesses connect with greater confidence," said Mohamed Abdelsadek , chief global solutions officer at TransUnion ( TRU ). Terms of the transaction, which is expected to close in the first half of 2026, weren't disclosed. TransUnion ( TRU ) expects to fund the deal with existing cash on hand. It's not expected to have a material impact on leverage, liquidity, or the company's 2026 operating results. More on TransUnion TransUnion (TRU) Presents at J.P. Morgan 2025 Ultimate Services Investor Conference Transcript TransUnion (TRU) Presents at Baird 55th Annual Global Industrial Conference Transcript Vulcan Value Partners adds RYAN, TRU, exits LVMHF, PDRDF among Q4 moves Equifax, TransUnion stocks dip after Pulte comments on credit bureaus Seeking Alpha’s Quant Rating on TransUnion

格隆汇2月2日｜纽约期金率先转涨，反弹至4800美元/盎司上方。