yalcinsonat1 The Federal Reserve’s decision to leave interest rates unchanged at its January meeting came with an unexpectedly optimistic assessment of the labor market that appears at odds with recent data, according to Pantheon Macroeconomics. The FOMC held its target range steady at 3.50% to 3.75% at its January 28 meeting, with only Governors Miran and Waller dissenting in favor of a 25 basis point cut. However, the statement’s characterization of the unemployment rate as having “shown some signs of stabilization” has raised eyebrows among analysts. “These alterations are a little surprising, given that the three-month average of private payroll growth has slowed to just 29K, from 57K before the FOMC’s last meeting,” wrote Samuel Tombs and Oliver Allen, Pantheon’s chief and senior U.S. economists, respectively. The economists noted that the drop in unemployment to 4.4% in December from 4.6% in November was largely attributable to the end of a government shutdown rather than genuine labor market improvement. Furthermore, the month-to-month decline was statistically insignificant, unlike the 12-month increase of 0.3 percentage points. Chair Powell himself appeared less categorical during the press conference, stating he “wouldn’t go too far” with signs of stabilization and acknowledging “some signs of continued cooling.” The Conference Board’s consumer survey, which Pantheon describes as “by far the best indicator of the unemployment rate,” also points to ongoing deterioration. The headline index fell sharply to 84.5, its lowest since May 2014. Pantheon maintains that unemployment will rise further in Q1, ultimately prompting 75 basis points of additional easing this year. The economists see a “slightly greater-than-even chance” of a March rate cut, with Powell confirming the meeting remains live pending incoming data. More on Interest Rates Bank of Canada leaves policy rate at 2.25%, citing ongoing uncertainty Financial instability risks are rising—Fmr. Atlanta F...

江丰电子（300666）公告，公司拟以现金收购北京凯德石英股份有限公司控制权，交易完成后将成为凯德石英的控股股东。目前相关方案尚待进一步商讨确定，各方尚未签署相关协议。公司股票自2026年1月30日开市起停牌，预计停牌时间不超过5个交易日。

It has tons of opportunity and a solid, reliable business. There are so many artificial intelligence (AI) stocks to choose from on the market today. The eight most highly valued stocks in the U.S. are all AI-related stocks, and then there are all of the small up-and-coming disruptors that could be tomorrow's Nvidia and Palantir Technologies. Different stocks meet different needs, but if you're looking for an excellent value, I think Taiwan Semiconductor Manufacturing (TSM +1.17%) could be the best AI value on the market today. Incredible AI tailwinds Clearly, TSMC's chipmaking business right now is driven by AI. It works with all the top AI designers, including Nvidia, Alphabet, and Amazon. In fact, it recently opened its first U.S. plant to service these customers better. Nvidia made a big announcement when its first Blackwell architecture chips were the first to roll off TSMC's belts last year, and Taiwan Semi recently announced a huge deal with the Trump administration to invest $250 billion in U.S. plant development. The company has been working on a U.S. expansion for years, even before recent tariffs became an issue. But part of the new deal includes lower tariffs for Taiwan-made goods, an extra plus for the company on merchandise not produced in the new U.S. locations. High-performance computing, the segment where the AI business operates, accounted for 58% of Taiwan Semi's total revenue in 2025, up 48% from 2024. Management said it would raise its capital expenditure spend this year, from $41 billion in 2025 to around $54 billion in 2026. "At TSMC," said CFO Wendell Huang on the January earnings call, "a higher level of capital expenditures is always correlated to the high growth opportunities in the following years." That's an exciting sentiment for shareholders. Expand NYSE : TSM Taiwan Semiconductor Manufacturing Today's Change ( 1.17 %) $ 3.96 Current Price $ 342.30 Key Data Points Market Cap $1.8T Day's Range $ 338.66 - $ 345.50 52wk Range $ 134.25 - $ ...

HAKINMHAN/iStock via Getty Images Dear Fellow Shareholders, We are pleased to provide you with the Third Avenue Real Estate Value Fund’s (the “Fund”) report for the quarter ended December 31, 2025. For the most recent calendar year, the Fund generated a return of +11.61% (after fees). In comparison, the Fund’s most relevant benchmark, the MSCI ACWI IMI Core Real Estate Index¹, generated a return of +9.86% (before fees) over the same time period. The primary contributors to the Fund’s performance this quarter included investments in National Storage REIT (a leading owner of self-storage facilities in Australia that agreed to be taken private) and several real estate investment trusts (“REITs”) involved with industrial and logistics real estate (Prologis, First Industrial, and Segro plc). Notwithstanding, these gains were offset by detractors in the period, including the Fund’s investments in U.S.-based homebuilders (Lennar Corp., PulteGroup, and D.R. Horton) and certain U.K.-based property companies (Berkeley Group and Unite Group plc). Further insights into these enterprises, as well as Fund’s most recent addition (FirstService Corp.), are included herein. Despite the differentiated performance this year, Fund Management considers the Fund’s long-term results the most relevant scorecard. To that end, the Third Avenue Real Estate Value Fund has generated an annualized return of +8.96% (after fees) since its inception in 1998. This performance indicates that an initial investment of $100,000 in the Fund would have a market value exceeding $1,000,000 at year-end (with distributions reinvested)—or more than the same $100,000 would be worth had it been placed into a passive mutual fund tracking the benchmark over the same time period. Activity This year marks four decades of operations for Third Avenue Management (“Third Avenue” or “the Firm”). In Fund Management’s opinion, such a milestone demonstrates the Firm’s commitment to its core principles, as well as a willingne...

MILAN, Jan. 29, 2026 /PRNewswire/ -- Enfinity Global announced today the commercial operation of the first project under its portfolio of Power Purchase Agreements (PPAs) with Microsoft in Italy. An Enfinity Global solar PV plant in Italy The commercial operation of this first solar PV power plant, with a capacity of 33.8 MW AC, marks the beginning of a strategic relationship to support Microsoft's sustainability goals through a reliable renewable energy supply. This first PPA is part of a larger collaboration for up to 366 MW AC, which includes additional renewable energy projects already under construction in Italy. Under the collaboration, Enfinity and Microsoft will also seek to make a positive impact by investing and creating jobs across various communities where our power plants are being built, including Lazio, Emilia-Romagna, and Basilicata. Carlos Domenech, CEO of Enfinity Global: "We are delighted to provide solar energy electricity to a global technology leader like Microsoft. At Enfinity Global, our mission is to provide our global and local customers with reliable, value-added renewable energy solutions while we serve as a responsible member of the communities where we operate our power plants." Enfinity Global Inc., together with its subsidiaries, is a leading U.S.-based renewable energy and sustainability services company founded in 2019. The company owns a 39.3 GW portfolio of renewable energy and storage projects, including operational, under-construction, and development assets, with an additional 37 GW under negotiation across the U.S. With offices in the U.S., Europe, Japan, and India, Enfinity aims to contribute to a low-carbon economy. Enfinity's leadership team is one of the most experienced global teams in renewables and brings over $41 billion of financing experience in the renewable energy sector with over 26 GW of developed and acquired solar and wind assets. Enfinity Global continues to lead the solar PPA market in Italy, having contracte...

US Senator Ron Wyden asked for a detailed account of Donald Trump ’s acceptance of a Rolex table clock and one-kilogram gold bar from Swiss businessmen shortly before the president slashed tariffs he previously imposed on Switzerland. The Oregon Democrat also asked US Trade Representative Jamieson Greer whether the presents — which Trump accepted as donations to his presidential library — violated laws on those in public office receiving gifts. Wyden made the request in a Jan. 28 letter seen by Bloomberg. Wyden posed a series of questions, including whether Swiss negotiators had informed Greer of the gifts before or after presenting them to Trump, as well as which US officials recommended cutting the duty rate. Accepting gifts of “significant monetary value from prominent Swiss businesses” days before Trump agreed to reduce the Swiss tariff rate by more than half “creates an apparent conflict of interest and possible violations of the emoluments clause of the US Constitution,” Wyden, who is the top-ranking Democrat on the Senate Finance Committee, wrote. A White House spokesman said Trump made the deal because the Swiss agreed to reduce trade barriers and invest in the US. “The only special interest guiding President Trump’s decision-making is the best interest of the American people, and any suggestion otherwise is completely unfounded,” White House spokesman Kush Desai said in an emailed statement. Switzerland was stunned last August when Trump slapped the country with a 39% duty, the highest US tariff rate on any developed country, over what Trump described as an unfair trade imbalance. That tipped the export-dependent Swiss economy into its first contraction in more than two years. Swiss diplomats struggled to persuade the White House to reconsider before a clutch of Swiss businessmen arranged a November meeting in the Oval Office, during which they presented him with the Rolex clock and the engraved gold bar. Less than two weeks later, Trump agreed to lower the...

Honeywell International Inc. ’s outlook for 2026 topped Wall Street estimates, while the spinoff of its aerospace unit is set to happen earlier than expected. The Charlotte, North Carolina-based company expects adjusted earnings per share to be $10.35 to $10.65, while analyst estimates had a consensus of $10.41. Fourth-quarter adjusted earnings per share came in at $2.59, above the analyst average of $2.54, according to data compiled by Bloomberg. Revenue was $9.8 billion, while analysts had predicted $10 billion. “We concluded 2025 with strong results that exceeded the high end of our guidance for adjusted sales and adjusted EPS,” Chief Executive Officer Vimal Kapur said in a statement. “Orders grew 23% stemming from robust demand in the Aerospace Technologies and Energy and Sustainability Solutions segments, including from our LNG acquisition that closed last year.” “As a result, we exited 2025 with a record backlog of over $37 billion, which positions us well for 2026.” The company now plans to complete the separation of its automation and aerospace businesses in the third quarter of 2026, ahead of schedule. The company spun off its chemicals business, now called Solstice Advanced Materials Inc. , in October 2025. Honeywell earlier this month announced that Quantinuum, the quantum computing company in which it owns a majority stake, is preparing to file for an initial public offering . The company could be valued at $15 billion to $20 billion, Bloomberg News reported last week.

A direct-lending venture between Wells Fargo & Co . and Centerbridge Partners said it has put together more than $7 billion of deals since its launch less than two years ago, offering a rare glimpse into how banks and private credit lenders are leveraging these partnerships. The business development company, called Overland Advantage, said it provided the financing for US middle-market companies, the majority of which are founder and family owned, according to a statement. For 2025 specifically, it closed 18 transactions for about $4 billion, including for project management software business Tempo and luxury membership club, Exclusive Resorts . The venture is “targeting a part of the market that direct lending really had never been able to effectively serve,” Bill Neuenfeldt , senior managing director and chief operating officer at Centerbridge, said in an interview. “In the past year we’ve seen that the flywheel is absolutely working overall.” His firm and Wells Fargo also exchange feedback on how the partnership’s team performance is doing, he said. Overland Advantage has raised around $2.5 billion of equity from third party capital and the BDC has roughly $5 billion in lending capacity, including leverage. Limited partners in the joint venture include Canada’s BCI and the Abu Dhabi Investment Authority , according to regulatory filings . As banks and private credit lenders have fought for market share, partnerships between the two sides have cropped up in a variety of forms, with banks providing deal sourcing capabilities and direct lending firms offering more flexible capital. Banks currently have stricter lending requirements than private credit firms, but US regulators have eased post-crisis leveraged-loan rules, in part to aid banks in the competition with direct lenders. “It’s really become an integrated offering, where we are able to offer private credit solutions through Overland and still provide revolvers or other forms of bank debt through Wells Fargo,...

It might be worth buying these companies before the market notices they are undervalued. In this video, I will talk about four companies still worth buying before earnings. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Jan. 27, 2026. The video was published on Jan. 28, 2026.

Why Taiwan Semiconductor Manufacturing Stock Could Be the Best AI Value on the Market fool.com

格隆汇1月29日｜合盛硅业公告，公司及其子公司宁波阿尔法半导体有限公司，与杭州市萧山区人民政府及萧山经济技术开发区管理委员会，共同推进的碳化硅全产业链战略项目。核心标的为“合盛新能源高端制造产业园项目”，包含衬底、外延、器件及模组制造，总投资约110亿元。本次投资旨在依托合盛硅业在碳化硅领域已形成的技术优势，把握新能源汽车、新基建等领域带来的市场需求爆发契机。完成公司从基础硅材料向高端半导体器件制造的产业链战略延伸，实现关键技术自主与进口替代。

Samsung ( SSNLF ) said Thursday it expects weak smartphone demand in the first quarter due to seasonal factors and memory supply and pricing pressures, while noting that the ongoing AI boom should support favorable conditions across the memory market. Samsung's ( SSNLF ) shares fell more than 1% on the Korea Exchange. The South Korean company, whose revenue rose 24% to 93.8 trillion won in the quarter from a year earlier, said it aims to boost sales through the timely development and launch of new flagship smartphones, as it also plans to start delivering HBM4 mass products, including its 11.7 Gbps SKU. Operating profit at Samsung’s ( SSNLF ) chip division—its primary profit driver—jumped 470% year over year to a record 16.4 trillion won in the fourth quarter, accounting for more than 80% of the company’s total profit. Amid a favorable market environment driven by AI, the memory business delivered a record-high quarterly performance in the fourth quarter, and looking ahead to 2026, as Samsung addresses “unprecedented” AI-driven demand, the company intends to continue delivering results in line with market expectations. In foundry, the company's earnings declined due to seasonal demand softness and adjustments in schedules for key customer products, and image sensor revenue grew on the back of new 200Mp and 50Mp big-pixel products in the reported quarter. Samsung targets double-digit revenue growth and profitability improvement, driven by advanced nodes in its System LSI division. Overall, smartphone demand will decrease quarter-on-quarter due to seasonality trends, the company said. In the MX business, it expects to see an increase in smartphone shipments and ASP due to the launch of the new models, while tablet shipments should stay similar sequentially. "However, as cost pressure of the key components increases across the industry, we'll ensure stable supply through strategic partnerships with major suppliers and continue to drive resource efficiencies to minimize...

ABB press release ( ABBNY ): Q4 GAAP EPS of $0.70 beats by $0.09 . Revenue of $9.05B (+13.1% Y/Y) beats by $200M . Orders $10.3 billion, +36%; comparable1 +32% Income from operations $1,505 million; margin 16.6% Operational EBITA $1,588 million; margin1 17.6% Cash flow from operating activities $1,949 million; +27% "In the first quarter of 2026, we anticipate comparable revenue growth in the 7% - 10% range. The operational EBITA margin should increase year-on-year, excluding the announced real estate gains in the first quarters of 2025 and 2026." the company said. "In full-year 2026, we expect a positive book-to-bill, and comparable revenue growth in the range of 6% - 9% year-on-year. The operational EBITA margin should slightly improve year-on-year, even when excluding the announced real estate gain in the first quarter of 2026." the company added. More on ABB Ltd ABB Ltd (ABB:CA) Analyst/Investor Day Transcript Seeking Alpha’s Quant Rating on ABB Ltd Historical earnings data for ABB Ltd Dividend scorecard for ABB Ltd Financial information for ABB Ltd

南京、苏州、无锡、常州等地结婚登记人数大幅增长。 目前，多地公布了去年结婚登记数据。 1月28日，广东省民政厅公布广东民政事业统计季报（2025年第四年度）。数据显示，2025年广东结婚登记61.4万对，比上一年增加10.2万对，增幅达到了19.92% 根据媒体报道，深圳办理结婚登记118147对，广州办理结婚登记109647对，东莞办理结婚登记48306对，结婚登记量居省内前三位。 自2007年首次超过河南成为常住人口第一大省后，广东常住人口数量已经连续多年位居全国第一。广东的常住人口中，省外流入人口总量非常大，流入的人口结构比较年轻，处于婚育年龄的比例较高。同时，来自省外的户籍净迁入人口尤其是中南、西南等地的大学毕业生也比较多。 其中，在深圳这座年轻的城市，人口结构呈现“两头小、中间大”的特点，15~59岁青壮年人口占比高达79.53%，市民平均年龄仅32.5岁，适婚人口基数庞大。 包括广东在内，目前已有5个省份公布了去年结婚登记数据。根据上海市民政局公布的数据，2025年，全市共办理婚姻登记175092对，其中结婚登记125102对、离婚登记49990对。2025年上海办理结婚登记的人数总体较2024年增长约38.7%。 江西省民政厅公布的数据显示，2025年，江西共办理婚姻登记265952对，其中结婚登记186528对、离婚登记79424对。与2024年相比，2025年全省结婚登记人数总体增长约3.46%。 2025年福建全省结婚对数169756，同比增长12%。其中，省会福州2025年结婚登记总量达37887对，同比增长20.37%。 2025年，四川全省办理结婚登记39.93万对。其中，省会成都去年全市共办理结婚登记13万余对。 此外，还有多个城市也公布了去年结婚数据。南京、苏州、无锡、常州等地结婚登记人数实现大幅增长。 近年来，我国大力提倡适龄婚育，构建和完善全社会的婚育支持体系。婚姻登记的便利度大幅提升。2025年5月10日起，新修订的《婚姻登记条例》实施，婚姻登记地域限制取消，新人领证不再需要户口本，婚姻登记全国各地通办。这对于长期在非户籍地工作的人们来说，进行婚姻登记更加方便。据不完全统计，政策实施后，全国“跨省通办”婚姻登记量显著上升，在部分流动人口集中的城市，此类业务占比较高。 同时，在婚姻登记全国通办后，旅游即可就地结婚。不少城市、景区打造...

格隆汇1月29日｜陶氏公司据悉将裁员约4500人。

US earnings have been far from reassuring to date, with companies serving up the fewest positive surprises in a year. That’s triggered the sharpest negative stock reaction for decades. Some 76% of S&P 500 members have reported stronger profits than analysts estimated, a lower beat rate than during the past three earnings seasons, according to a Bloomberg Intelligence tracker . Sales surprises show a similar trend, with the weakest outcome in four quarters. With Wall Street’s record-setting stock rally loading high profit expectations into share prices, investors are reacting to the underwhelming earnings accordingly. They are punishing companies heavily for disappointments, with the average post-results stock move relative to the benchmark index showing a drop of half a percentage point, the first negative reading in two years. “Valuations are high — they require a good earnings season and guidance for 2026 to support the valuations we stand on,” said Neil Birrell , chief investment officer at Premier Miton Investors. “Everyone’s bullish, but standing pretty close to the exit. There’s fear of missing out on the way up and the way down.” The latest updates from megacaps on after US trading closed Wednesday proved a mixed bag. Tesla Inc. and Meta Platforms Inc. gained after beating estimates and justiyfing their increased artificial intelligence outlays. But Microsoft Corp. plunged, as spending surged to a record and cloud sales growth slowed. All eyes will be on Apple Inc.’s report on Thursday, while Amazon.com Inc., Alphabet Inc. and Nvidia Corp. will wrap up earnings from the Magnificent Seven next month. Valuations for the S&P 500 surged to their highest level in six years at the end of 2025, setting a high bar for earnings to justify such optimism. While the forward price-to-earnings ratio for the index has since receded slightly, it remains almost 30% higher than historical levels. Bank of America Corp. strategist Savita Subramanian highlighted the ruthless appr...

Private jet holidays, AI-powered cat litter boxes and human-grade fresh dog food inspired by Hong Kong’s char siu rice are all the rage at this year’s Hong Kong Pet Show, as exhibitors express confidence in the purchasing power of the city’s pet owners. Humans, dogs and cats jostled alongside each other on Thursday, the opening day of the expo at the Hong Kong Exhibition and Convention Centre, as furry friends decked out in outfits sampled treats like dried alligator and bully sticks. More than 1,000 exhibitors are taking part in the show, which runs until Sunday. Advertisement Pet travel is one service that has seen exponential growth, with one agency nearly doubling sales from last year. Life Travel managing director Billy Chan said taking a holiday with pets on a private jet was no longer the preserve of the elite and was gaining popularity among Hong Kong’s middle class. Advertisement “In 2025, we had 12 tours. This year, we already have 22 confirmed departures,” said Chan, adding that more competitors had entered the market since their launch in 2017, given the growth in demand.

Malaysia's Petronas aims to boost its exploration and production in the next three years Reuters

对航班“锁座”的数量、获取和释放规则进行了明确。 今日，中国航空运输协会发布《公共航空运输企业航班预留座位规则（征求意见稿）》，对航班“锁座”的数量、获取和释放规则进行了明确，并向社会征求意见，意见反馈截止时间为2月2日。 在此之前，江苏省消保委曾约谈十家航空公司，通报机票锁座存在的四个问题，包括优质座位过度锁定，解锁机制变相付费，信息不透明且解释不合理等。 至少65%座位要放开免费选 征求意见稿的核心是对“锁座”比例进行了明确：其中国内航班 免费可选座位的比例至少不低于 经济舱总座位数的70%，对于座位数更多的机型，免费可选座位的比例更高。 对于国际及地区航班，免费可选座位应不低于经济舱总数的65%。 在此之前，江苏省消保委曾调研10家航司的经济舱“锁座”比例，称10家航司购票阶段的锁座比例介于19.9%～62.1%之间，均值达38.7%。 对此，民航业内人士林智杰曾对记者提到，航班起飞前需要有适当的锁座比例，才能保障临近购票旅客的权益和体验，因为一般来说，越临近购票价格越高，包括航司的贵宾会员很多都是临近购票，如果完全放开提前选座，势必造成越临近购票花的钱越多，坐的座位却越差，很多当天买票的就只能坐在机尾。不过也应保证至少有一半以上的座位放开供旅客选择，特别是要有靠窗，靠走道，或者联排座位，以保障旅客的基本出行需求。 此次中航协发布的征求意见稿，规定了至少65%的座位要放开免费选座，国内航班免费可选的比例更高，相比江苏省消保委实际调研的均值结果相差不大，但与个别航司超过60%的锁座比例相比大幅收缩。 国内航班不可现金选座 不过，征求意见稿中也提到，增值服务性预留座位的具体位置，由各公共航空运输企业根据旅客需求确定。 所谓“增值服务性预留座位”，是指航司在保障运行安全及特殊旅客之外，主动设置预留的座位，旅客一般需要通过积分兑换或者现金支付才能选座。 近年来确实也有越来越多的航司把飞机座位“明码标价”，并且被“明码标价”的座位占比有不断增加的趋势，开始是第一排和安全通道的座位，之后靠窗的座位也开始收费，更有航司前6排的座位都是收费的。 “征求意见稿的制定对于保护旅客的基本权益，规范选座行为能够起到积极的作用，”林智杰对记者表示，选座业务要平衡好两大关系，即消费者选择权和航司经营的平衡。他建议，对于航班后舱和中舱的位置，要整个区域放开供旅客选择，保障旅客，特别家庭亲子...

日本眾議院選舉，開始提前及海外投票，最新民調顯示，自民黨及維新會的執政聯盟，有望取得過半數議席。 日本眾議院選舉下月八日舉行，提前投票即日起展開。按照慣例，當局會向提前投票的選民，發放入場券，以便到票站時讓工作人員核對名單。 不過今次選舉，由正式公告到選舉日只有十二日，日本傳媒報道，多個地方的政府，來不及寄出入場券予，提前投票的選民，預計部分選民要到下月二日之後，即是距離選舉日不夠一星期，才會收到入場券。 報道指，當局提醒，選民持有身份證明文件以供核實，並確保個人資料正確，就可以投票。 東京杉並區選舉部門官員表示︰「我們採取措施防止非法投票，同時允許選民參與提前投票，只要他們的個人訊息，與官方名冊上一致。」 海外投票亦已經啟動。共同社報道，票站包括日本在海外的，大使館同總領事館等一共233處，至於在外選舉人名冊上，登記選民約有10.3萬人。 共同社最新民調顯示，自民黨同聯合執政的維新會，有望贏得眾議院過半數的233席，若得到更大支持，單是自民黨就議席過半都有可能，反之由立憲民主黨同公明黨，組成的在野「中道改革聯合」，支持度一般。

传统零售的牌桌上，很久没有出现如此戏剧性的一幕了。 据商业观察家报道，1月26日，康成投资（大润发母公司）法代、高鑫零售CEO李卫平亲自签发，宣布大润发快消品部总经理李春德因个人原因离职，同时任命黄林为全国商品部大标准品部总经理，统管快消、纺织、百货、家电等多个核心部门。 这本是一次寻常的高管更迭，但其间的微妙之处在于，新任主将黄林，来自大润发多年的老对手永辉超市。而更巧合的是，半年前填补黄林在永辉位置空缺的佘咸平，恰恰来自大润发，此前他负责过被寄予厚望的M会员店商品业务。 一来一回，两位将才在零售巨头之间完成了一次精准的“对调”。这不仅仅是个人职业路径的选择，更像是一面棱镜，折射出大润发与永辉在转型深水区中截然不同的战略思考与路径依赖。 永辉请来拥有山姆、盒马、大润发M会员店三重会员店及新零售背景的佘咸平，意在强化其商品力与高端业态的探索；而大润发引入永辉悍将黄林，并委以整合全国大标品采购的重任，则指向了一条更宏大、更基础，也更艰险的道路——重塑供应链，为更大的棋局铺路。 过去两年做“前置仓”只是防守，远非终局。大润发野心，早已越过了家门口的“三公里”。 01 一场“换乘”，两种心事 零售业的竞争，一直伴随着人才的竞争。大润发与永辉这次核心商品负责人的“互换”，是观察双方战略意图的最佳窗口。 自2021年以来，永辉超市的营收持续下滑，累计亏损惊人。根据其发布的2025年业绩预告，公司预计归属于上市公司股东的净利润为-21.4亿元人民币，亏损额度进一步扩大。面对如此严峻的财务状况，永辉将宝押在了向“胖东来”学习上，开启了大刀阔斧的门店调改。 这场改革的核心是回归零售本质：通过调整门店布局、淘汰冗余SKU、强化生鲜供应链、引入自有品牌等一系列硬核操作，试图重新赢回消费者的心。 据申万宏源调研数据，10月改造后的门店平均客流量增长了80%，且超过60%已进入稳定阶段的转型门店，实现了盈利水平达到五年高点。 有业内人士告诉超聚焦，永辉的直采模式能比传统批发市场多出25-30%的利差空间，其生鲜损耗率更是低至3-5%，远低于行业平均水平。这种成本优势最终反映在商品价格上，使其生鲜产品价格能比竞争对手平均低出10-15%。 但这种重投入的改造模式对资金链是巨大的考验，也导致了2025年财务上的巨额亏损。永辉的策略，是在用“短痛”换“长生”，赌的是线下实体店的体验价值最终能够战...

格隆汇1月29日｜据新京报，从北京市交通委获悉，2026年2月1日起，北京市所有收费公路收费站将全面推行电子发票(票据)开具服务，正式停止提供现金及移动支付通行费纸质发票(票据)。

上班族小文没有想到，自己几年前随手买来玩玩的2000元黄金基金，放在一旁许久未看，近日再看时收益率竟已超过70%，仅2026年开年至今，收益率就接近17%。 这份普通人的 “意外之喜”，正是当下黄金行情一路走高的生动缩影 ——2025年，国际金价全年涨幅为70%左右，创下自1979年石油危机以来的年度最大涨幅。而2026年开年以来，国际金价更是一路冲高： 1月25日，国际金价突破5000美元，1月29日，再次大幅上涨，现货、期货双双站上5500美元/盎司，其中黄金期货一度突破5600美元/盎司关口，刷新历史新高。 在金价持续走高、黄金类产品收益亮眼的市场环境下，越来越多的人群纷纷加入了黄金投资的行列，渴望能从中“赚一桶金”。 事实上，和小文当年的无意购买不同，近几年来，大众的理财意识正在全面觉醒。不同年龄段、不同职业、不同知识背景的各类人群都开始主动布局资产配置，其中不少人将基金投资这种比银行定存收益高、比股票期货风险低的投资方式作为入门首选。与此同时，根据京东金融去年8月披露的数据， 平台年轻投资者占比持续攀升，25-35 岁群体占比40%、18-25 岁群体占比 20%，95后及00后等Z世代成为基金投资增长力量。 当理财走出专业圈层，成为“全民”刚需，大众对黄金投资、基金选择等各类理财信息的关注度和需求度也大幅攀升，与之伴随的则是抖音、小红书等平台的理财内容从小众垂类跃升为平台流量新贵，相关创作者也趁势站上了风口。 理财博主，站上风口 2025年6月，抖音财经博主@狗总 发布一条视频，劝用户“可以的话去买些黄金吧，年底破1000应该是没有问题的”，并从经济、政治环境等角度阐述了这种避险类资产巨大的上升空间。时隔半年，黄金价格的迅猛上涨印证了他当初的猜测，@狗总 也由此受到了越来越多用户的关注。 @狗总 抖音截图 而具体分析@狗总 发布的理财内容，他在人设上毫无距离感，主打“真诚接地气”， 没有太晦涩的金融术语，而是以通俗易懂的大白话拆解市场行情，让很多散户和理财小白都能轻松听懂。 同时，他还开放了自己的投资实盘，让粉丝能够清晰看到他的持仓品类和盈亏情况， 形成了“实盘透明+浅显解读”的特色。 当市场行情出现大波动时，他也会第一时间解读波动原因，给粉丝注入“强心剂”，缓解大家的投资焦虑——也正因此，很多用户不用自己研究复杂行情，而是看他的实盘、听他的解读，跟随他...

1 oz American Gold Eagle BackyardProduction/iStock via Getty Images There is an old anonymous saying that "gold is the money of kings." Recently, the big rally in gold likely has a lot of investors feeling like kings. However, as J.P. Morgan once said , "Nothing so undermines your financial judgment as the sight of your neighbor getting rich." The moral of that quote is that, given the bull market in gold, it pays to be wary of "herd mentality." That is especially given that there are multiple ways to invest in gold: you can buy minted gold coins, gold bars, funds that invest in gold miners and streamers, or individual gold stocks - each path has differing risks. Yet, as part of a well-diversified portfolio, for years I've advised investors on Seeking Alpha to own an allocation to gold as a critical hedge against inflation and geopolitical risks. In my opinion, the latter is currently dominating the macro-environment and has been driving gold higher. I don't see that catalyst abating any time soon. In fact, if the last year is any indication, it could get even worse going forward. But we need to be prudent here and, perhaps, curb our enthusiasm a bit. Today, I'll take a look at AngloGold Ashanti ( AU ) to see if it might still be a good vehicle to hop on for the historic bull run that we are all currently living in. AU - the stock, not the element in the periodic table - has certainly participated: Data by YCharts As you can see from the chart, over the past year AngloGold Ashanti has just ripped higher, significantly outperforming two of my favorite precious metals investments - the Van Eck Junior Gold Miners ETF ( GDXJ ) and Pan American Silver ( PAAS ) - see "PAAS: Get Ready For A Potential Q4 Blowout" - and just clobbering the broad market equity indexes as represented by the S&P500 ( VOO ), the Nasdaq-100 ( QQQ ), and the DJIA ( DIA ). AngloGold, being highly levered to the price of gold, has outperformed the price of gold as represented by the ( GLD ) ETF by 3...

陶氏公司将裁员约4500人。（彭博）

作为全球最具影响力的风险投资机构之一，Andreessen Horowitz（a16z）长期站在技术演进与产业变革的交汇处。每年年末，a16z 都会邀请旗下不同投资团队与合伙人，从各自深度参与的一线领域出发，提出他们对「下一年商业变革者将要应对的最大问题」的判断。 BIG IDEAS 2026，正是这组判断的集中呈现。它并非对单一技术的预测，而是对一整套正在成型的新范式的描绘，覆盖了从 Agent-native 基础设施、多模态内容创作、多人协作型 AI，到个性化系统、AI-native 教育与研究形态等多元内容。 本文基于 a16z BIG IDEAS 2026 三个部分的内容，筛选并编译出其中 与 AI 能力范式、产业落地与教育形态演进相关的观点 ，试图勾勒出 2026 年技术系统可能呈现的整体轮廓。 垂直AI从信息检索与推理，走向「多人模式」Alex lmmerman AI 推动垂直行业软件实现了前所未有的增长。医疗、法律、住房领域的公司在短短几年内就达到了年化收入 1 亿美元以上，金融与会计领域紧随其后。演进路径大致经历了两个阶段：早期以信息检索为主（找到、提取、总结），而到了 2025 年，推理能力开始成为关键（例如 Hebbia 分析财报并构建模型，Basis 跨系统对账，EliseAI 诊断维护问题并调度供应商）。 2026 年垂直 AI 将解锁「多人模式」。 垂直软件拥有行业特定的界面、数据与集成能力，但垂直行业的工作本质上是多方协作的。如果智能体要真正代表劳动，它们就必须协同工作。从买卖双方，到租户、顾问和供应商，每一方都有不同的权限、流程与合规要求，只有垂直软件才能理解。 如今，各方往往各自孤立地使用 AI，导致没有授权的交接：分析购置协议的 AI 并不会与 CFO 的模型调整沟通，维护 AI 也不知道现场人员向租户作出了什么承诺。多人模式通过跨角色协调来解决这一问题：将任务路由给功能专家、保持上下文一致、同步变更。对手方 AI 可以在既定参数内协商，并将不对称情况标记给人类审查；高级合伙人的批注还能反向训练整个系统。由 AI 执行的任务将以更高成功率完成。 当价值来自多人与多智能体协作时，切换成本随之上升。此前 AI 应用一直难以建立的网络效应，将在此显现——协作层本身成为护城河。 第一所Al-native大学Emily Bennett 到 2...

格隆汇1月29日｜近期，景顺长城基金旗下景顺长城纳斯达克科技市值加权交易型开放式指数证券投资基金（QDII）（场内简称：纳指科技ETF，交易代码：159509）二级市场交易价格明显高于基金份额参考净值，出现较大幅度溢价。特此提示投资者关注二级市场交易价格溢价风险，投资者如果盲目投资，可能遭受重大损失。为保护投资者利益，本基金将于2026年1月30日开市起至当日10:30停牌。若本基金2026年1月30日二级市场交易价格溢价幅度未有效回落，本基金有权采取向深圳证券交易所申请盘中临时停牌、延长停牌时间等措施以向市场警示风险。

Triasima Portfolio Management inc. boosted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 26.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,652 shares of the social networking company's stock after buying an additional 2,196 shares during the period. Meta Platforms accounts for approximately 1.2% of Triasima Portfolio Management inc.'s portfolio, making the stock its 26th largest position. Triasima Portfolio Management inc.'s holdings in Meta Platforms were worth $7,823,000 at the end of the most recent reporting period. Get Meta Platforms alerts: Sign Up A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bare Financial Services Inc bought a new stake in shares of Meta Platforms during the second quarter valued at approximately $30,000. Evergreen Private Wealth LLC lifted its position in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after buying an additional 38 shares during the period. Briaud Financial Planning Inc bought a new stake in shares of Meta Platforms during the 2nd quarter valued at $42,000. Knuff & Co LLC purchased a new stake in shares of Meta Platforms in the 2nd quarter worth about $44,000. Finally, WFA Asset Management Corp increased its stake in shares of Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company's stock worth $49,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock. Meta Platforms Stock Down 0.6% META stock opened at $668.73 on Thursday. The stock has a market capitalization of $1.69 trillion, a P/E ratio of 29.54, a P/E/G ratio of 1.33 and a beta of 1.29. The company has a debt-to-equit...

Seizert Capital Partners LLC lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,212 shares of the social networking company's stock after selling 2,211 shares during the quarter. Seizert Capital Partners LLC's holdings in Meta Platforms were worth $15,578,000 as of its most recent filing with the Securities and Exchange Commission. Get Meta Platforms alerts: Sign Up Several other hedge funds have also modified their holdings of the stock. Norges Bank purchased a new position in shares of Meta Platforms in the 2nd quarter valued at about $23,155,393,000. Laurel Wealth Advisors LLC raised its holdings in Meta Platforms by 73,443.1% in the second quarter. Laurel Wealth Advisors LLC now owns 8,417,003 shares of the social networking company's stock valued at $6,212,506,000 after acquiring an additional 8,405,558 shares in the last quarter. State Street Corp lifted its stake in Meta Platforms by 1.9% in the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after acquiring an additional 1,650,435 shares during the last quarter. Vanguard Group Inc. grew its holdings in Meta Platforms by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company's stock worth $142,149,566,000 after acquiring an additional 1,532,568 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of Meta Platforms by 103.5% in the 2nd quarter. Corient Private Wealth LLC now owns 1,998,624 shares of the social networking company's stock valued at $1,475,166,000 after purchasing an additional 1,016,667 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds. Meta Platforms Price Performance Shares of NASDAQ META opened ...

Sage Mountain Advisors LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 14.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,878 shares of the social networking company's stock after buying an additional 2,816 shares during the period. Meta Platforms comprises approximately 0.9% of Sage Mountain Advisors LLC's portfolio, making the stock its 19th biggest position. Sage Mountain Advisors LLC's holdings in Meta Platforms were worth $16,067,000 at the end of the most recent quarter. Get Meta Platforms alerts: Sign Up Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares during the last quarter. Headwater Capital Co Ltd lifted its position in Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after acquiring an additional 112,000 shares during the last quarter. Kooman & Associates lifted its position in shares of Meta Platforms by 2.8% during the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company's stock worth $402,000 after purchasing an additional 15 shares during the last quarter. Finally, CX Institutional lifted its holdings in shares of Meta Platforms by 14.4% during the second quarter. CX Institutional now owns 40,979 shares of the social net...