安踏集团正式官宣，已与Pinault家族旗下投资机构Groupe Artémis达成明确购股协议，拟以15亿欧元现金对价，收购全球标志性运动品牌彪马（PUMA）所属主体PUMA SE 29.06%的股权。 2026年开年，全球体育用品行业格局迎来重磅信号。 安踏集团正式官宣，已与Pinault家族旗下投资机构Groupe Artémis达成明确购股协议，拟以15亿欧元现金对价，收购全球标志性运动品牌彪马（PUMA）所属主体PUMA SE 29.06%的股权。 本次交易预计有望于2026年底前完成，完成后，安踏集团将成为这家德国百年运动品牌的最大单一股东。 此次交易绝非单纯的财务性资本运作，而是安踏集团长期践行“单聚焦、多品牌、全球化”战略的终极落地，是其历经十余年沉淀的品牌整合、供应链协同及全球化运营方法论，向全球成熟品牌的一次关键迁移与复制。 更核心的是，这一交易标志着中国体育品牌的出海逻辑完成从“能力出海”到“生态出海”的质变，正式叩击全球体育用品市场第三极。 多品牌整合方法论：从本土验证到全球复用 安踏集团的核心竞争力，在于构建了一套可复制、可迁移的多品牌运营体系。这一能力多年来经FILA、亚玛芬等标杆案例层层验证，为整合彪马奠定坚实基础。 归根而言，其成功逻辑在于三大核心能力，也是安踏“收一个成一个”的根本密码。 其一，渠道与零售模式的降维赋能是贯穿始终的“先手棋”。 以FILA为例来看，2009年安踏以3.32亿元从百丽国际收购FILA大中华区运营权时，该品牌年亏超3000万元、门店仅50家。 对此，安踏果断重新进行品牌定位，从门店选址、形象重构到团队重建、商品规划，全面自营、深度转型，并摒弃传统批发模式，逐步摸索出“品牌+零售”直营模式。历经五年实现盈利。 2024年FILA营收达266.3亿元，并在2025年上半年延续稳健韧性，实现营收141.8亿元，同比增长8.6%，占安踏收入稳定在三分之一以上。 这套经实战验证的成熟路径，恰好精准适配彪马当前的核心痛点。 彪马的2025年Q3财报显示，其欧洲、中国市场过度依赖批发商渠道，导致库存周转滞后、价格体系混乱，大中华区批发业务收缩直接拖累整体业绩，欧元计价营收同比下滑15.3%。 安踏集团表示交易完成后，拟寻求向监事会委派合适的代表。基于此可合理判断，安踏可能利用经验，彪马逐步解决当前经营痛点、释放品牌增长...

威帝股份（603023）公告，预计2025年年度实现归属于母公司所有者的净利润为247万元到370万元，与上年同期相比，预计减少135.55万元到258.55万元，同比减少26.81%到51.14%。预计实现归属于母公司所有者的扣除非经常性损益的净利润为208万元到310万元，与上年同期相比，预计减少105.28万元到207.28万元，同比减少25.35%到49.91%。

图片来源：达沃斯论坛 在 2026 年 1 月刚刚举行的达沃斯世界经济论坛年会上，Palantir 首席执行官 Alex Karp 与贝莱德CEO Larry Fink 进行了一场深度对话。 在对话的最开始，全球最大的资产管理巨头贝莱德CEO劳伦斯·芬克（Larry Fink），以一种近乎于“旧时代守望者”的姿态，向坐在对面的Palantir CEO亚历克斯·卡普（Alex Karp）表达了敬意。 芬克给出了一组足以令任何金融精英汗颜的数据：在他执掌贝莱德的漫长岁月中，年化复合回报率为21%，这已是传统金融世界的巅峰；而自Palantir上市以来，卡普为投资者带来的复合回报率却高达惊人的73%。这52个百分点的差距，绝非仅仅是两家公司财务报表的优劣对比，而是一份关于全球权力天平位移的证明，隐藏着AI从“增长潜力”向“实际行动能力”转化的分水岭。 世界已进入地缘博弈的深水区。过去那种靠温和的数字化转型、买几个SaaS软件就宣称进入“智能时代”的假象，正在迅速破灭。Palantir的成功就是最好的证明。正如亚历克斯·卡普在其新书《科技共和国》中所说：若非先进的人工智能的崛起已经对全球秩序构成颠覆性的威胁，我们或许还会在浑浑噩噩中继续蹉跎岁月，持久地回避这些更为根本的问题。作为一个社会与文明，我们现在已经到了必须就“我们是谁”以及“我们希望成为什么样子”做出决策的关键时刻。 “PPT企业”的终结：战场上的真实性测试 拉里·芬克：再度莅临此地，深感荣幸。在达沃斯举行的世界经济论坛上，我很荣幸向诸位介绍亚历克斯·卡普。 请允许我先从我们之间一段更为个人的话题谈起——虽然我为我在贝莱德集团所创下的成就感到自豪，但自我担任首席执行官以来，总回报率的复合年化增长仅为21%。而自Alex带领帕兰提尔（Palantir）公司上市以来，其复合回报率高达73%。祝贺你，ALex。 更重要的是，我们正身处一场深刻的技术变革之中。我相信在座诸位对此皆有耳闻、有目共睹、身有所感。所有人都在追问：人工智能究竟能为个人带来什么？如何将其转化为增长动力？它如何惠及劳动者？又将如何影响各国发展与国家安全？ 我们正在探讨的这项技术，有提升产能、推动产业现代化、拓展机遇的潜力，并将彻底重塑我们的工作模式、工作场所以及协作方式。关键在于：各国政府是否已为这场社会实质性转型做好了准备？我们必须确保这项技术在部署...

格隆汇1月27日｜永鼎股份(600105.SH)公告称，预计2025年度归属于上市公司股东的净利润为2亿元-3亿元，同比增加225.66%-388.48%。业绩增长主要系对联营企业东昌投资权益法确认的投资收益同比增加，源于东昌投资子公司转让房地产项目公司股权产生的收益。

格隆汇1月27日｜易方达黄金主题LOF1月27日公告，1月28日起暂停A类人民币份额申购及定期定额投资业务。

索菱股份（002766）公告，持股8.86%的股东深圳市高新投集团有限公司拟于2026年2月26日至2026年5月25日，通过大宗交易和集中竞价合计减持不超过2591.68万股，占公司总股本的3%，其中集中竞价减持不超1%，大宗交易减持不超2%。本次减持股份来源为2021年重整以股抵债及破产重整获得的公司股份。

US allies are shifting their focus to Beijing as Donald Trump doubles down on his tariff threats. After fresh US warnings, the year has started with a diplomatic rush to Beijing as European, Asian, and North American leaders seek stability through bilateral engagement with China. South Korea’s President Lee Jae Myung kicked off the diplomatic pivot in early January. As the first South Korean president to visit China since 2019, his trip cemented a thaw in relations. Irish Taoiseach Micheál...

ipuwadol/iStock via Getty Images Private equity activity continued to gradually rise in 2025 as the amount of capital deployed into new deals and the number of portfolio company investments exited both increased over prior-year totals. The aggregate value of private equity and venture capital entries globally increased 20% to $468.51 billion in 2025 from $390.08 billion in 2024, according to S&P Global Market Intelligence data. It was the second consecutive annual increase in announced deal value. Private equity exits also increased in 2025, totaling 3,149 globally, marking a 5.4% increase from the 2024 total, according to Market Intelligence data. The back-to-back annual increases in capital deployment and exit volume followed a two-year downturn for both of those key private equity metrics, and they indicate the private equity investment cycle is revving up again. But that acceleration has come at a cost: even as the number of exits increased in 2025, the announced value of those deals decreased 21.2% year-over-year, generating lower profits for fund managers and their investors. 'Swollen portfolios' Fund managers who delayed deals during the downturn are now exiting portfolio companies at lower-than-expected valuations just to keep the private equity flywheel spinning, said Steven Siesser, a managing partner at Lowenstein Sandler and chair of the law firm's private equity practice. "By and large, values are down except for the handful of hot sectors," Siesser said. Exits remain critical to fundraising. They trigger a distribution of profits to private equity fund investors, known as limited partners. Limited partners typically recycle some of those profits into new fund commitments, and the scarcity of exits during the industry’s recent downturn continues to hamper private equity fundraising. Private equity portfolio company holding times extended across a variety of sectors in 2025. "There are still a lot of swollen portfolios. I’m aware of funds who have five, ...

Quantum computing is growing, but it's still a work in progress. Technology investors have won big in the past by spotting new technologies and getting in early on companies developing or benefiting from them. Think internet companies several years ago, or in more recent times, social media players and artificial intelligence (AI) stocks. And that's why the area of quantum computing has caught the attention of investors over the past couple of years. Quantum computing offers the possibility of solving problems that are impossible for even today's most advanced supercomputers. So these computers could be one of the world's next game-changing technologies. With this in mind, is quantum computing pure play Rigetti Computing (RGTI 7.21%) stock a buy for 2026? Let's find out. Classical vs quantum computing First, a quick bit about quantum computing. The technology, relying on the ideas of quantum mechanics, involves the interaction of subatomic particles to solve problems. While classical computers use bits to process data as 0s and 1s, quantum computers use qubits, which can process data as a 0, a 1, or both at the same time. This allows these machines to scale exponentially and achieve speed and scope that's not possible with today's classical computers. Many companies are involved in the field, from tech giants such as Microsoft to pure play companies focused uniquely on this technology. Rigetti is a pure play company and far from a new kid on the block in this area. This quantum specialist was founded back in 2013 and has since launched 18 quantum systems. Rigetti is vertically integrated, meaning it handles the entire process, from chip design and manufacturing to deployment in the cloud. This is a strength, and sets Rigetti apart from rivals, as it offers the company more control over its progress and favors speed-to-market. And speaking of speed, the company's technology, using superconducting qubits, also is known for its fast processing of information -- though ...

NATO Secretary General Admits EU Incapable Of Defense Without US Help The globalist frenzy of the Davos Summit is subsiding and the geopolitical world is left to ponder (and question) some of the more "optimistic" comments made by world leaders. One such claim was made by Finnish President Alexander Stubb, who argued that Europe 'unequivocally' has the ability to defend itself without US support. The claim coincided with the Finnish leader's assertion that a " new world order" is rising with the UN at the helm. NOW - Finland's President, Alexander Stubb, says Europe can "unequivocally" defend itself, without the Americans. pic.twitter.com/AeHFshxBr5 — Disclose.tv (@disclosetv) January 21, 2026 The suggestion has, of course, drawn scrutiny as being overly optimistic. Stubb tried to qualify his argument with the assertion that Finland has the best cold weather troops in the world and the future of warfare is focused on the Arctic Circle. An army accustomed to cold weather warfare is certainly useful, but that does not mean they are accustomed to attrition warfare - A strategic method which is serving the Russians well in Ukraine and a method western armies have not trained for since the conflict in Korea in 1950. Finland claims to be able to field an army of 1 million through mandated conscription, but unwilling conscripts and trained soldiers are two very different things. Currently, the country's army consists of only 24,000 active duty personnel. Russia has 1.32 million, many of them battle tested after years in Ukraine. Furthermore, the Russians have now adapted to the demands of drone warfare. This is something European armies are still integrating, and with no real world experience. Stubb's assertions are absurd, but it is this kind of fantasy mentality that is driving Europe to rattle their sabers against Russia at a time when they can't even fill basic recruitment quotas and the average citizen with the ability to fight has no interest in dying for the existin...

文章提及标的 金龙汽车 -- 金龙汽车（600686）公告，预计2025年年度实现净利润约4.63亿元，同比增长193.68%。报告期内，得益于海外市场的稳步增长，出口业务收入及占比提高，公司业绩增加。

恒合股份公告，控股子公司芯智感与华培动力（603121）合资设立公司，注册资本2229万元。华培动力（603121）以货币出资1560.3万元，占70%；芯智感以非货币资产出资668.7万元，占30%。合资公司主营传感器（885946）总成及玻璃微熔芯体研发、生产、销售。本次投资不构成重大资产重组，不涉及新业务，不涉及私募投资活动。

恒华科技（300365）公告，预计2025年度归属于上市公司股东的净利润为-2.4亿元至-1.8亿元，上年同期为-1.58亿元。报告期内，受外部环境和行业竞争加剧等因素影响，企业间价格博弈、同质化竞争日益凸显，行业竞争格局愈发复杂，公司承接的项目利润空间被压缩，成本管控难度加大，订单规模同比减少，营业收入随之同比下降，致使营业利润减少。

友邦吊顶：预计2025年净利润为1000万元-1400万元 同比扭亏为盈 2026-01-27 17:14:42 来源： 同花顺7x24快讯 分享 文章提及标的 友邦吊顶 -- 友邦吊顶（002718）公告，预计2025年度净利润为1000万元-1400万元，上年同期亏损1.12亿元。2024年度公司计提了大额资产减值准备及信用减值准备，导致公司业绩亏损。报告期内，公司扭亏为盈，得益于公司深耕主营业务，同时夯实基础管理，注重成本及费用管控，控费降本增效效果明显，盈利能力有所提升。

1月27日上午，OpenAI CEO山姆·奥特曼和一群开发者在旧金山聊了近1个小时。现场没有讲PPT，没有发布新产品，就是回答问题。 问题都很实在：程序员会被取代吗？创业公司怎么活？AI会不会让社会更不公平？模型什么时候能便宜下来？AI的安全底线在哪儿？ 过去大家讨论AI，要么觉得它能解决一切问题，要么担心它会毁灭世界。 但奥特曼聊的，都是现实中正在发生的事： 已经有人用AI在几天内做出了过去要花几个月才能完成的软件，也有创业公司发现产品做出来了，却找不到用户 。 谈到工作，他说程序员不会被取代，但写代码的时间会减少；谈到创业，他说最难的不是做产品，是让人用你的产品；谈到安全，他说现在最担心的危险可能来自生物领域。 他还反复强调， 无论技术怎么发展，人的角色都无法被替代。 问答会要点： 软件工程师不会被取代，但工作方式会变化，更多人将参与“让计算机按自己意图行事”的工作。 产品开发变得更容易，但市场推广仍是最大挑战，因为“人类的注意力始终稀缺”。 AI将带来巨大通缩压力，降低创造门槛，有望成为社会平衡力量，但需防止财富集中。 通用模型是未来方向，写作等短板将被补齐。成本有望大幅下降，但“速度”可能成为新瓶颈。 软件将向“个性化定制”演进，每个人都可以拥有为自己生成的工具。 生物安全是2026年最值得警惕的领域，AI治理需从“阻断”转向“韧性建设”。 幼儿园阶段应减少AI与电子设备使用，最应培养“高能动性、适应力、创造力”等软技能。 以下为奥特曼问答会实录全文： 01 职业未来：程序员工作会变，但需求不会少 奥特曼： 在我们着手规划下一代开发者工具，以及思考如何应用即将上线的这些强大模型之际，我们想听听大家的想法，各位关心什么、有什么问题。 问： 我想从一个推特上的提问开始：关于AI加速编程的“杰文斯悖论”问题，你认为这会让软件工程师需求下降，还是说廉价软件将催生更多需求，从而持续保障这个职业？ 奥特曼： 我相信需求不会减少，反而可能扩大。未来，工程师的角色会发生本质变化，会有更多人从事“指挥计算机”的工作，为他人创造有价值的体验。虽然花在编码、调试上的时间会大幅减少，但软件的总体需求丝毫未减。工程领域曾多次经历类似的变革，每一次都让更多人参与其中、提高生产力，也让世界拥有了更多软件。 我推测，未来我们将看到更多为个人或极小群体定制的软件，不断进行个性化调整。因此，让...

黄金主题LOF：1月28日起暂停A类人民币份额申购及定期定额投资业务 2026-01-27 17:13:43 来源： 同花顺7x24快讯 分享 黄金主题LOF1月27日公告，1月28日起暂停A类人民币份额申购及定期定额投资业务。

日本汽车企业本田的中国工厂已经恢复生产。 （路透社档案照片） 日本汽车企业本田的中国工厂已经恢复生产。 据日本共同社报道，本田星期一（1月26日）称，因半导体短缺而停产的在华汽车工厂，已在上星期一（1月19日）起陆续恢复生产。本田也提到，通过推进采购替代品等措施促成了复工。 本田与中国广汽集团的合资企业有三家工厂，自去年12月下旬起停产。 本田1月5日称，由于半导体短缺，将把三家工厂的停产时间延长两周。路透社当时报道称，这凸显了这家日本第二大汽车制造商持续面临的供应链压力。 本田发言人说，这些工厂原定于1月5日复工，但推迟到1月19日复工。 此次中断源于中国企业闻泰科技旗下的荷兰子公司安世半导体的晶片出货延迟，这一问题过去几个月已迫使部分汽车制造商削减产量。

Glencore Plc tops the list of European companies identified by M&A experts as potential takeover targets for 2026 as dealmaking activity roars out of the gate this year. Glencore, which is in talks with Rio Tinto Group to create the world’s biggest mining company, was tipped eight times in an informal Bloomberg survey of 30 risk-arbitrage desks, traders and analysts conducted this month. Companies in a broad range of sectors emerged from the poll, reflecting how suitors are casting a wider net as the global economy gains momentum. French biotech Abivax SA , whose shares surged more than 1,600% in 2025 due to its takeover potential and promising drug trial results, received five votes. BP Plc , Delivery Hero SE , EasyJet Plc and Great Portland Estates Plc each got four mentions. Respondents said the environment for mergers and acquisitions is becoming more fertile globally. The value of proposed deals worldwide have topped $63 billion through Jan. 23 this year, more than three times the amount recorded during the same period in 2025, according to data compiled by Bloomberg. “We’re in the early innings of M&A deal-volume picking up, and while prior years have been more sector-specific, the outlook seems set up for a very healthy broad-based, cross-sector, global M&A outlook,” said Joseph Rotter , head of the principal strategies group at Neuberger Berman. “The current US administration is pro-deals — a prior headwind that could become a tailwind.” Representatives for Glencore, Abivax and Delivery Hero declined to comment. A spokesperson for EasyJet said the firm was confident in its strategy and focused “on delivering on our ambitious mid-term targets.” Bloomberg also reached out to BP and Great Portland for comment. Talks between Rio Tinto and Glencore are said to be the most serious they’ve ever been after a deal has proven elusive for decades. Glencore boss Gary Nagle has called it the most obvious tie-up in mining, where a copper dealmaking wave has already seen t...

upthebanner/iStock via Getty Images Investment Thesis Empire State Realty OP LP ( ESBA ) might look cheap, with a Price/FFO at the lower bound of the REIT sector's range. However, looking closer, there are signs of structural issues that justify its price discount. The dividend yield is small out of necessity, not management's choice. But before we discuss the partnership's valuation, we need to address the organizational structure. Organisation and Partnership Structure Let's start from the top. Empire State Realty Trust, Inc ( ESRT ) is a REIT that owns 61% of ESBA (ESRT holds ~170 million Series PR units). Both organizations are structured so that ESRT common shares are economically equivalent to ESBA units (emphasis on structured). Unless otherwise noted, ESBA refers to the partnership regardless of the unit class. Whether to invest in ESRT or ESBA rests almost entirely on the investors' preference. The complicated tax dynamics of partnerships alienate more investors; thus, corporations often trade at a small premium to partnerships. ESBA is no exception. Below is a comparison between ESRT and ESBA shares, showing that, mostly, ESBA trades at a discount to ESRT. Data by YCharts Why do ESRT and ESBA have the same price? The fact that ESBA units are exchangeable to ESRT common shares might explain why they track each other, but not why they have the same price. Here's why. ESRT's main asset is its 179 million ESBA units. If, just for the sake of this argument, we assume that ESRT had 1.79 billion common shares outstanding, then each ESRT has a claim over a tenth of an ESBA unit; thus, ESRT would trade to mirror this valuation. The reason ESRT's share price is equal to ESBA unit price is that the number of ESRT's common shares outstanding is equal to the number of partnership units it holds. Thus, each common share has a claim over one of the ESBA units the company holds. The bottom line is: ESRT doesn't track ESBA because they're economically equivalent by nature,...

格隆汇1月27日｜有投资者在互动平台向微导纳米提问：公司目前在异质结电池和太空光伏方面是否会有布局，技术的发展趋势是否有布局和跟进？ 微导纳米回复称，公司作为高效光伏电池技术与设备的领军者之一，客户覆盖国内一线主流电池片厂商。目前产品涵盖ALD、CVD和炉管等设备，全面覆盖PERC、TOPCon、异质结（HJT）、XBC、钙钛矿/钙钛矿叠层电池等技术路线。其中，在钙钛矿领域，公司已覆盖了传统晶硅叠钙钛矿路线、大面积玻璃基底钙钛矿路线和纯柔性钙钛矿三个主要技术路线，相关设备已获得多家客户认可并实现产业化应用。但产业整体尚处于市场培育阶段，公司相关产品也还处于市场推广时期，相关订单和收入占公司整体订单和收入比例很小，短期内对公司收入贡献不大。未来，公司将继续深耕光伏电池技术的研发与产业化，持续为客户提供多样化的解决方案，以满足于客户各类新兴应用领域的需求。

江湖上总是有新鲜事。最近有朋友致电我咨询，说是现在市场上有“全航线、全舱位、含税价八折”的秘密出票通道。 这倒激起了我的好奇心——“提直降代”做了这么多年，机票代理行业早已经利润微薄如纸，代理人已经苦于航司返点极低多年。在这个时候，所谓的「八折出票」真的行得通吗？怎么都听起来好过头了。 笔者以身入局，简单和上游聊了聊具体的模式。听完叙述以后，笔者觉得「八折出票」与其说是一个无法拒绝的商业神话，更像是一个以“高额预存、超低折扣、私密交易”为特征的新型分销骗局。各位代理朋友，实在要多加小心啊。 这种「八折出票」通常始于微信群或行业论坛里的一句话。操盘手以“渠道商”自居，声称有「机票团购」，能够按含税总价的 80% 结算出票。为了能够加入这个团购，有意者需要预充值一笔「团购费」，一般是200张到300张机票（按国内机票平均一张1000元计算，约为20万）；如果涉及国际机票，价格会更高。 缴纳「团购费」以后，就可以出票了。出票的形式类似于「慢充话费」——把航班信息、旅客信息通过微信发给上游之后，隔大概24小时左右，上游将票出好返回。 这件事情当中最诡异的是，涉及如此大额资金的商业合作，却没有任何正式的公对公合同、没有盖章的文件、没有合规的 GDS（全球分销系统）配置：所有的沟通、报价、出票指令，全部通过微信等即时通讯软件单线联系。 当然，对于这种“见不得光”的操作模式，操盘手当然也有成熟的话术：“灰色渠道”、“内部团购”这样的用语，自然不会少。同时，机票销售行业本身确实很复杂——除了标准的GDS开票以外，还有切位、补贴等多种影响最终实付票价的因素。例如，很多政府补贴航线的形式，是政府补贴给切位代理人出票；市场上也的确有切位代理人为了走量，选择低价放出一些航线的机票。 这种机票销售本身的复杂性和“内部渠道”特有的神秘感，让急于求成的代理人放松了警惕。 当然，无论市场再怎么复杂，八折机票也是赚不到钱的——除非羊毛出在猪身上。最典型的猪，就是洗钱。在许多“八折机票”的背后，隐藏着电信诈骗或网络赌博集团的魅影——这些犯罪团伙手中持有大量急需洗白的“黑钱”或盗刷来的信用卡信息。他们并不在乎机票本身是亏是赚，他们唯一的目的是将手中的脏钱变成合法的收入。 在这种逻辑下，下游代理人支付的购票款，是干净的“白钱”。而犯罪团伙则利用手中的黑钱，全价购买机票给代理人的客户出行。中间那 20% 的...

格隆汇1月27日丨豫光金铅(600531.SH)公告称，公司股票价格短期涨幅较大，连续五个交易日公司股票价格涨幅累计达到45.01%，存在交易风险。近期公司产品白银价格出现较大涨幅，未来白银价格能否继续上涨或维持高位存在不确定性。公司经营情况未发生重大变化，敬请广大投资者注意二级市场交易风险，理性决策，审慎投资。

格隆汇1月27日丨国家发展改革委、民政部、财政部发布关于进一步完善殡葬服务收费政策的通知。其中提到，安葬服务基础项目包括生态安葬、政府举办的殡葬服务机构提供的骨灰格位安葬。各地对树葬等不保留骨灰和土葬区遗体深埋不留坟头等生态安葬按规定给予适当奖补，因安葬成本过高确需收费的，可适当收取生态安葬费。以墓穴形式安葬骨灰或遗体的，可收取墓位使用费和维护管理费；以格位形式安葬骨灰的，可收取格位使用费和维护管理费。其中，墓位使用费为墓穴租用、墓碑等建筑工料、安葬服务等发生的费用；格位使用费为格位租用、建筑工料等相关费用；维护管理费为日常维护、清扫、修补、管理等发生的费用。除上述收费外，殡葬服务机构不得收取其他与安葬相关的费用。

Cerity Partners LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,800,700 shares of the iPhone maker's stock after selling 49,987 shares during the quarter. Apple accounts for 3.6% of Cerity Partners LLC's investment portfolio, making the stock its 2nd largest holding. Cerity Partners LLC owned 0.06% of Apple worth $2,223,163,000 as of its most recent filing with the Securities and Exchange Commission. Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Apple by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,415,932,804 shares of the iPhone maker's stock valued at $290,506,933,000 after buying an additional 15,141,995 shares during the last quarter. State Street Corp grew its holdings in shares of Apple by 0.9% in the second quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker's stock valued at $123,358,461,000 after acquiring an additional 5,224,229 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Apple by 1.4% during the second quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker's stock valued at $72,506,336,000 after acquiring an additional 4,942,638 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings in Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker's stock worth $39,065,374,000 after acquiring an additional 205,656,808 shares during the period. Finally, Norges Bank purchased a new position in Apple in the second quarter worth $38,942,255,000. 67.73% of the stock is currently owned by institutional investors. Get Apple alerts: Sign Up Wall Street Analysts Forecast Growth Several equities research anal...

格隆汇1月27日｜欧洲央行的研究发现，如果一个相对可控的价格冲击波及到紧密联系的企业网络，就可能引发大规模通胀事件。欧洲央行经济学家安东·纳科夫和巴塞罗那国际经济研究中心研究员米歇尔·加西布在周二发布于欧洲央行官网的文章中写道，这是因为冲击会通过供应链产生连锁反应（一家企业的产出成本即是另一家企业的投入成本）。他们指出，当冲击较大时，这种连锁反应会呈不成比例地扩大。重大干扰（如生产率大幅下降或全球大宗商品价格持续跃升）可能会波及整个经济领域。这一发现有助于解释为何俄乌冲突导致能源成本飙升后，欧元区通胀率攀升至10%以上。欧洲央行官员当时低估了对物价的影响。

South Korea’s predicament illustrates how Donald Trump is reshaping the world among key allies, both geopolitically and financially. The US president is threatening to increase tariffs on goods from South Korea because of what he says is a failure of its lawmakers to codify the trade deal reached last year. It’s true South Korea’s legislature has struggled to quickly pass a bill related to the agreement. But this is no small task. Back in July, Seoul pledged to invest a total of $350 billion in the US in order to placate Trump. The prospect of such massive outflows has prompted Korean retail investors to pour funds into US stocks and bonds as they worried about spiraling losses in the local currency. This fear has become self-fulfilling, with the won sinking toward levels not seen since the Global Financial Crisis in 2007-2009 or the Asian collapse a decade earlier. Last week, Bloomberg News reported that Korea would hold off on its pledge to invest as much as $20 billion in the US this year because of the pressure on its currency. Yet Trump is having none of it. “South Korea’s Legislature is not living up to its Deal with the United States,” Trump said in a social media post . “In each of these Deals, we have acted swiftly to reduce our TARIFFS in line with the Transaction agreed to. We, of course, expect our Trading Partners to do the same.” So pressure is on Seoul to extricate itself from this almost impossible situation, or face tariffs of 25% (and still owe the US $350 billion in investments — and have a tumbling currency). At the same time, despite being lauded as a model ally by the US for raising its defense spending to 3.5% of gross domestic product, the Trump administration is signaling it will reduce military support for South Korea aimed at deterring its hostile neighbor North Korea from aggression. There are currently about 28,500 American troops in the country. In response, North Korea on Tuesday fired a volley of ballistic missiles off its east coast....