金种子酒（600199）公告，预计2025年年度实现归属于母公司所有者的净利润为亏损1.5亿元到1.9亿元，与上年同期相比，亏损减少。预计2025年年度实现归属于母公司所有者扣除非经常性损益后的净利润为亏损1.7亿元到2.1亿元。

British Prime Minister Keir Starmer is preparing to visit Beijing, following in the footsteps of other world leaders seeking to boost trade and investment ties with China without sparking reprisals from US President Donald Trump. Starmer will be in China from Thursday to Saturday, according to a Chinese government statement. He will also make a brief stop in Tokyo, a UK government spokesman said. The first official trip to China by a UK prime minister since 2018 reflects the huge opportunities...

格隆汇1月27日｜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。各类殡葬服务机构收取的生态安葬费，城镇公益性公墓（骨灰堂）、政府举办或参与举办的经营性公墓（骨灰堂）收取的墓位使用费、格位使用费、维护管理费，收费标准由省级发展改革部门会同同级财政、民政部门制定，或者经省级人民政府授权由地级及以上人民政府制定，具体实行政府指导价管理。农村公益性墓地原则上不得向村民收取墓位使用费，如需收取维护管理费，由村民委员会或村集体经济组织按照实际成本明确收费标准。其他经营性公墓（骨灰堂）收取的墓位使用费、格位使用费、维护管理费等原则上实行市场调节价，收费标准由殡葬服务机构按照实际成本和合理利润自行确定，并书面报告当地民政部门。地级及以上地方人民政府民政部门要会同有关部门依法加强对经营性公墓（骨灰堂）的收费指导，通过明确收费标准参考区间加强引导，并配套采取有效的行业监管措施。

研究人员指出，中国和印度通过加快清洁能源部署，削减电力部门排放，从而抵消美国加大使用煤炭的影响，并抑制全球与气候变化相关污染物的增长。 据路透社报道，芬兰独立研究机构能源与清洁空气研究中心（CREA）本月发布的报告显示，中国和印度作为全球最大的煤炭使用国，在截至2024年的10年间，占全球二氧化碳排放增长的93%。而2025年，两国电力部门排放首次在52年内同时下降。 CREA首席分析师米利维尔塔（Lauri Myllyvirta）说：“2025年中国和印度排放下降预示着未来趋势，两国去年新增的清洁能源发电量创历史新高，足以满足日益增长的电力需求。” 根据能源智库Ember基于各国月度统计数据的估算，截至2025年11月底，中国电力部门排放下降4000万吨二氧化碳当量（tCO2e），同比下降0.7%；印度公用事业部门排放下降3800万吨tCO2e，同比下降4.1%。 这部分的下降抵消了美国排放增长5570万吨tCO2e的影响。美国煤电产量年增13.1%，导致2025年电力部门排放上升3.3%，为本世纪以来增幅最快，使全球排放总体保持基本平稳。 数据显示，截至2024年，过去10年中，中国和印度电力部门排放年均增长分别为3.4%和4.4%，而美国则下降2.4%。这三国合计占全球电力部门排放的60%，而电力部门排放约占所有与气候变化相关污染物的35%。 国际能源署（IEA）去年12月发布年度煤炭报告称，中国本10年煤炭使用量将逐步下降，有助于未来几年电力部门排放趋于平稳。 在印度，尽管可再生能源新增创纪录、电力需求增幅有限，以及今年有助于抑制煤炭使用，但IEA预计印度仍将继续依赖煤炭。IEA指出：“尽管2025年煤电发电量下降，但随着电力需求持续增长，煤炭发电仍可能适度增加。” 在美国，尽管特朗普政府出台政策激励，并且煤电厂关停速度放缓，IEA预计未来几年煤炭需求仍将下降6%，原因是成本上升导致需求减少。

Source: Bloomberg, 5:08

格隆汇1月27日｜德意志银行就铝价给出预测：2026年均价预计为2,925美元/吨，当前高位将在下半年有所回调，第二季度峰值预计达3,100美元/吨。

格隆汇1月27日｜据一财，随着核心城市二手房市场成交持续回暖，部分城市二手房挂牌量正在悄然下降。以上海为例，随着新增挂牌量放缓、成交速度加快，上海的二手房总体挂牌量已基本回归至去年2月份水平，前期堆积的库存正在逐步消化。上海链家称，该平台二手房库存挂牌量已连续9个月下降。“尽管各家中介机构对于‘净下降’的绝对值统计数据略有不同，但大家对于‘挂牌量迎来下行趋势’已经达成共识。”上海中原地产资深分析师卢文曦表示。在经历了长达数年的价格博弈后，越来越多房东开始拒绝继续“拼低价出货”，他们或是撤牌，或是由售转租，这些心态与行为的变化，正在改变二手房市场的供求关系与价格趋势。

Malaysia’s government plans to do a cost-benefit analysis of its controversial trade agreement with the US, while warning lawmakers they should keep the accord despite concerns it may hurt the country. The review, pending the deal’s ratification, could take six to 12 months and will focus on the impact on Malaysia’s exports and trade surplus, according to Investment, Trade and Industry Minister Johari Abdul Ghani . He was speaking a day after US President Donald Trump vowed to hike tariffs on goods from South Korea to 25%, citing what he said was the failure of lawmakers in Seoul to codify their trade deal. Read More: Trump Vows to Raise Tariffs to 25% on South Korean Goods “Malaysia has not yet received any official notice or notification from the US regarding the timeline for ratifying ART,” Johari told parliament on Tuesday, referring to the trade agreement by its acronym. “Hence, the government is currently reviewing ART’s contents to ensure that the country’s economic interests are safeguarded and to reduce the risks to the country’s trade.” However, terminating the deal altogether would spark economic uncertainty and instability, he added. The trade agreement Prime Minister Anwar Ibrahim signed with Trump last year fueled concerns it could infringe upon Malaysia’s sovereignty. The trade ministry in November published an FAQ to address the worries, a month before Johari took over the portfolio. Read more: Malaysia Exports Surprise as Manufacturing Shipment Hits Record Trump set a 19% tariff on Malaysia in August last year, in line with that imposed on most other Southeast Asian economies and lower than the 25% he earlier threatened. While gross domestic product expanded 4.9% last year, the government expects a slowdown to a range of 4%-4.5% this year amid heightened global volatility. Read more: Malaysian Growth Surprises as Manufacturing Defies US Tariff “Particular focus will be given to the impact of the country’s exports to the United States worth 233.1 bil...

With a market cap of $3.5 trillion , Microsoft Corporation ( MSFT ) is a global technology company that develops and supports a wide range of software, cloud services, devices, and solutions across productivity, business, cloud computing, and personal computing. It delivers products and services such as Microsoft 365, Azure, Windows, LinkedIn, Dynamics, and Xbox through OEMs, partners, and digital and retail channels worldwide. Shares of the Redmond, Washington-based company have lagged behind the broader market over the past 52 weeks. MSFT stock has increased 5.9% over this time frame, while the broader S&P 500 Index ( $SPX ) has gained 13.9% . Moreover, shares of Microsoft have declined 2.8% on a YTD basis, compared to SPX's 1.5% rise. Looking closer, the software maker stock has also underperformed the State Street Technology Select Sector SPDR ETF's ( XLK ) return of 22.1% over the past 52 weeks. Despite beating expectations with Q1 2026 adjusted EPS of $4.13 and revenue of $77.67 billion on Oct. 29, Microsoft’s shares fell 2.9% the next day Investors focused on profitability pressures from AI investments, notably $3.1 billion ($0.41 per share) in losses related to OpenAI that weighed on GAAP results. For the fiscal year ending in June 2026, analysts expect MSFT's adjusted EPS to grow 16.4% year-over-year to $15.87. The company's earnings surprise history is promising. It beat the consensus estimates in the last four quarters. Among the 49 analysts covering the stock, the consensus rating is a “Strong Buy.” That’s based on 41 “Strong Buys,” five “Moderate Buy” ratings, and three “Holds.” On Jan. 26, Raymond James reiterated a “Outperform” rating on MSFT stock with a $600 price target . The mean price target of $621.87 represents a premium of 32.2% to MSFT's current price. The Street-high price target of $678 suggests a 44.2% potential upside.

With a market cap of $3.5 trillion, Microsoft Corporation (MSFT) is a global technology company that develops and supports a wide range of software, cloud services, devices, and solutions across productivity, business, cloud computing, and personal computing. It delivers products and services such as Microsoft 365, Azure, Windows, LinkedIn, Dynamics, and Xbox through OEMs, partners, and digital and retail channels worldwide. Shares of the Redmond, Washington-based company have lagged behind the broader market over the past 52 weeks. MSFT stock has increased 5.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 13.9%. Moreover, shares of Microsoft have declined 2.8% on a YTD basis, compared to SPX's 1.5% rise. More News from Barchart Looking closer, the software maker stock has also underperformed the State Street Technology Select Sector SPDR ETF's (XLK) return of 22.1% over the past 52 weeks. www.barchart.com Despite beating expectations with Q1 2026 adjusted EPS of $4.13 and revenue of $77.67 billion on Oct. 29, Microsoft’s shares fell 2.9% the next day Investors focused on profitability pressures from AI investments, notably $3.1 billion ($0.41 per share) in losses related to OpenAI that weighed on GAAP results. For the fiscal year ending in June 2026, analysts expect MSFT's adjusted EPS to grow 16.4% year-over-year to $15.87. The company's earnings surprise history is promising. It beat the consensus estimates in the last four quarters. Among the 49 analysts covering the stock, the consensus rating is a “Strong Buy.” That’s based on 41 “Strong Buys,” five “Moderate Buy” ratings, and three “Holds.” www.barchart.com On Jan. 26, Raymond James reiterated a “Outperform” rating on MSFT stock with a $600 price target. The mean price target of $621.87 represents a premium of 32.2% to MSFT's current price. The Street-high price target of $678 suggests a 44.2% potential upside. On the date of publication, Sohini Mondal did not have (either directly ...

ADNOC Gas to invest more than $20 billion to raise gas processing capacity by almost 30% Reuters

格隆汇1月27日｜哔哩哔哩港股今日收涨近6%，带动哔哩哔哩(BILI.US)美股盘前涨3.8%。消息上，B站加入春晚大战，首办“大年初一联欢会”。1月27日，B站首次官宣新IP“2026 bilibili大年初一联欢会”。B站联欢会邀请了新老喜剧人、国民艺人及新生代演员共同参与，旨在打造一场面向全年龄段观众的合家欢晚会。在本次联欢会上，相声、小品、杂技等传统的说学逗唱形式都会以B站创意整活的新面貌回归，素描喜剧（sketch）、说唱、宅舞等年轻人喜闻乐见的形式也将同台亮相。

Olivier Le Moal/iStock via Getty Images The following segment was excerpted from the Highwood Value Partners H2 2025 Letter To Investors. Burford Capital ( BUR ) is our UK listed global market leader in litigation finance. The company makes money by funding select commercial litigation claims in exchange for a share of the settlement or court awarded judgement and by generating fees on third party capital. The original thesis is here and details of the judgement against Argentina in 2023 here. Fundamentals vs thesis. Burford has compounded book value per share and realized cash proceeds from litigation matters settled and adjudicated ahead of my original underwriting assumptions. The best measure of fundamental progress of the core business ex YPF is the cash “run-off” value of the existing book of claims, which incorporates both realizations (cash in) and deployments (cash out) as well as a rate of return assumption on those deployments. My estimate of that value has increased from c. $9 to c.$12.50 per share. Meanwhile the share price is essentially unchanged from our original purchase price of $9.50. The other major asset we own through Burford is a proportional share in the YPF claim. Here, the progress to date is in line with the best case scenario I had initially envisaged. After nearly a decade of litigation, we have a clear judgement overwhelmingly in our favor and quantification of damages at the high end of my estimate. As such, our assessment of fair value has increased meaningfully over the past 3 years. Why does this opportunity exist? First, Burford is the only listed business of its kind, which means analysts have very little to compare it with and little precedent for its business model and economics. Second, earnings are difficult to forecast because the timing of realizations is dependent on the courts not the business cycle – a positive in my view. Finally, the developments in the YPF case tend to be taken out of context and draw attention away fr...

Retail sentiment around major ETFs such as SPY and QQQ stayed bearish on Stocktwits. Wall Street remains steady ahead of the Fed decision and a heavy earnings slate. Investors will also watch for remarks from President Trump, scheduled to speak in Iowa later today. UnitedHealth (UNH), RTX Corp (RTX), Boeing (BA), UPS (UPS), General Motors (GM), and American Airlines (AAL) are on the earnings radar today. U.S. stock futures were largely higher early Tuesday, as investors prepared for a busy stretch of the fourth-quarter earnings season and the Federal Reserve’s first policy meeting of 2026 this week. As of 3:00 a.m. ET on Tuesday, Nasdaq futures were up 0.6%, S&P 500 futures were up 0.3%, and Russell 2000 futures were up 0.4%. However, the Dow futures were flat with a negative bias. Meanwhile, retail sentiment toward the SPDR S&P 500 ETF (SPY), an exchange-traded fund that tracks the S&P 500 Index, moderated to ‘bearish’ from 'extremely bearish’ a day ago, and the Invesco QQQ Trust (QQQ) ETF, which tracks the Nasdaq 100 Index, has remained ‘bearish,’ amid high message volumes. Investors will also be watching for remarks from President Trump, who is scheduled to speak in Iowa later today. Trending Stocks To Watch Meta Platforms (META): Reports suggest the company is testing new subscription models across Instagram, Facebook, and WhatsApp. Micron (MU): The stock is in focus after announcing plans to invest $24 billion over 10 years in a NAND manufacturing facility in Singapore. It expects to begin wafer output in the second half of 2028. Google (GOOGL): The company has reportedly agreed to pay $68 million to settle claims related to unauthorized recordings of its voice assistant, without admitting wrongdoing. Microsoft (MSFT): Local officials in Wisconsin have approved 15 additional data centers in the region. Amazon Web Services (AMZN): It has secured a $581 million U.S. Air Force Cloud One contract. Salesforce, Inc (CRM): The stock jumped 1.5% in extended trading on ...

国联民生（601456）公告，公司及控股子公司民生证券向专业投资者公开发行公司债券获得中国证监会注册批复。根据批复，中国证监会同意公司向专业投资者公开发行面值总额不超过180亿元公司债券的注册申请，同意民生证券向专业投资者公开发行面值总额不超过80亿元公司债券的注册申请。上述批复自同意注册之日起24个月内有效，公司及民生证券在注册有效期内可以分期发行公司债券。

大模型持续学习，又有新进展！ 来自斯坦福、英伟达等研究机构的最新研究，针对解决开放的科学问题，提出全新思路—— Test-Time Training to Discover (TTT-Discover) 。 其基于开源模型gpt-oss-120b，在多个领域达到SOTA，优于人类专家与闭源前沿模型。 该方法不再沿用“测试时缩放”（Test-time Scaling）只通过Prompt调度冻结模型的做法。 而是在测试阶段， 针对单个具体问题，引入强化学习（RL）对模型权重进行更新。 这种“测试时训练”使模型能够从该问题的失败尝试中实时获取经验，更新参数，实现模型能力的定向进化。 数学：给出了Erdős最小重叠问题的新界，并提出了一条自相关不等式 Kernel 工程：在GPUMode上，比顶级人类工程师快2倍 算法：在历届AtCoder比赛题目上取得最高分 生物：在单细胞RNA-seq去噪任务上达到SOTA 测试时进行强化学习 总的来说，这篇论文的核心思路是 在测试时进行强化学习 (Reinforcement Learning at Test Time) ，并主要体现在两点： 1.学习目标（Learning Objective） 不同于传统强化学习侧重于提升所有任务的“平均奖励”以实现泛化，TTT-Discover采用 熵目标函数（Entropic Objective） 。 它通过调整权重倾向于奖励最高的动作（而非整条轨迹）。 这里的核心目标是产生一个极优解（One Great Solution），而非多个平庸解。 2.搜索程序（Search Subroutine） 引入受 PUCT 启发的重用机制，在缓冲区中维护历史尝试，优先扩展最具潜力（奖励最高）的状态，同时兼顾探索。 之所以这样设计是因为，对于科学发现来说，其目标是在特定问题中找到一个超越已有知识（训练数据）的最佳方案，而非在已知数据分布中寻找规律以实现泛化。 基于这一认识，就需要AI在具体的测试中不断尝试，在失败经验中学习，找到（获得）属于该问题的特定数据分布。 这里涉及到一个关键的逻辑：如果没有现成的训练数据，大模型该练什么？ TTT-Discover的实现方式是：模型通过不断生成动作并接收环境反馈，将成千上万次的尝试（包括大量的失败记录）存入缓冲区。 这些由模型自身搜索产生的尝试，构成了针对该特定问题的“私...

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...