US Commerce Secretary Howard Lutnick told the elites gathered in Davos that the Trump administration believes globalization is “a failed policy” that left America behind. A day later, his boss, President Donald Trump , predicted the US stock market would double from records he openly took credit for. There’s a stark tension lurking between the lines spoken by the two American billionaires: Foreign investors have had an insatiable appetite for US stocks over recent years, playing a huge role in driving benchmark indexes to the records Trump likes to boast about. Europeans, in particular, have been voracious buyers. And while Trump lowered the temperature toward Europe, concern lingers on Wall Street that his belligerence and belittlement of the continent could take some of the biggest buyers of US equities out of the market. There are signs, in fact, that’s already beginning to happen. “We are seeing more clients wanting to diversify away from the US. We saw that trend start in April 2025 but it has somewhat accelerated this week,” said Vincent Mortier , chief investment officer at Amundi SA, which is Europe’s largest asset manager with €2.3 trillion ($2.7 trillion) in assets under management. He said any disentanglement will end up being a “long and complex process,” where clients need to figure out how they want to depart from main benchmarks, how they want to hedge against the US dollar. European investors own roughly $10.4 trillion in US stocks — and more than half of that total is owned by investors in the very eight countries Trump threatened with tariffs, a move that contributed to a 2.1% drop in the S&P 500 on Tuesday. To put those numbers in context, Europeans own 49% of all US stocks held by foreigners — a big enough chunk to pose a threat to the market, Scotiabank portfolio and quantitative strategist Hugo Ste-Marie wrote in note. “If we see diversification accelerating, it could weigh on US equities, bonds and the dollar over time,” he said. To be clear, ...

There is little likelihood that a fix will come from Washington, where Republican lawmakers say health insurers are to blame.

gawriloff/iStock via Getty Images Investing After Davos 2026 This week, the World Economic Forum Annual Meeting (Davos) was at the center of the stage, and all eyes and ears were on President Trump's speech, waiting to understand what he would say about Greenland. We all know that the situation, from ice to a thaw when NATO Secretary General Mark Rutte announced that he and the U.S. President had reached a framework for a deal . There have been many comments on the subject, Here, however, I would like to stick to what this year's Davos suggested to us as investors. After closely following the main events that were held in the highest town in Switzerland, I think a few facts should be clearly outlined, as I believe they will become part of our (economic) world. Macroeconomic Snapshot First of all, allow me to identify three things that simply looked strange as Davos started. Davos' title was "A Spirit of Dialogue," which immediately felt awkward, if not naive, as many Western political leaders talked about coordination, while preparing to face President Trump's willingness to control Greenland. European leaders seemed united (it usually isn't so) and even had to admit that Europe has to focus on its strategic autonomy, acknowledging that European countries will have to invest in it. Before Trump's speech, the market sold off, and a call to " Sell America " almost went viral through the news. Whatever we may think about the geopolitical tension, it simply feels off to sell America without any economically grounded reason. Let me spend a few words on the "Sell America" trade. Indeed, we saw a quick rotation out of U.S. assets, with the Danish pension fund selling $100M worth of Treasuries. Now, even though this is a minuscule portion of the national debt, the political message was clear about a trust in the U.S. at decade lows among some of its Western allies. Gold, in the meantime, hit new ATHs . But these days, this is almost no news. We already saw together that ind...

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中东局势陡然升级 当地时间2月28日， 美国、以色列 联合对伊朗发动大规模军事打击，伊朗随即展开全面反击，一场蓄谋已久的冲突彻底爆发。 最新消息汇总如下： 2月26日 | 谈判失败 伊朗和美国进行了第三轮非接触式谈判。 会谈结束之后， 伊朗方面表示，谈判取得良好进展”，下周双方继续谈判。 但是美方的两名代表，即特朗普的女婿和中东问题特使，都说对伊朗的表态“感到失望”。 从公开信息来看，双方谈判的三个核心问题——核问题、导弹问题、地区武装问题，都没有实质性进展。 2月27日 | 初现端倪 特朗普对当前美伊第三轮核谈判的进展表达了明显的不满。他称谈判没有取得他认为足够的成果，并指出双方仍将继续谈判，强调不允许伊朗拥有核武器。 2月27日深夜，多国外交机构发出紧急通告，要求其公民立即撤离伊朗。 美军在卡塔尔乌代德基地的KC-135加油机群开始频繁起降，飞行追踪平台显示美军预警机和电子战机已在波斯湾上空形成全天候覆盖，且多架此前部署在中东机场的C-17运输机等非必要昂贵物资开始后撤至欧洲。 2月28日 | 战争全面爆发 以色列发动“首次打击” 以色列国防部长卡茨宣布发动代号为“狮吼”（Lion's Roar）的先发制人打击。 以色列空军首波重点摧毁了德黑兰周边的防空网。 据《以色列时报》报道，打击目标直接指向德黑兰市中心，包括国防部总部、情报机构大楼以及靠近最高领袖哈梅内伊办公室的区域。至少有 7枚导弹 被确认击中了德黑兰共和国区和大学街附近，该区域是伊朗核心权力机构所在地。 美以联合扩大战果 多城爆炸，爆炸声蔓延至伊朗全国。 法新社与伊朗法斯通讯社确认，库姆（Qom）、伊斯法罕（Isfahan）、卡拉季（Karaj）和克尔曼沙赫（Kermanshah）均遭到导弹袭击，其中有目击显示部分巡航导弹经叙利亚上空飞过，可能由东地中海的美军舰艇发射。 袭击发生时，伊朗全国移动通讯网络和部分政府媒体网站遭遇大规模瘫痪。 媒体还广泛报道美军B-2隐身轰炸机参与了行动，对伊朗福尔多（Fordow）等地下核设施投下了重型穿甲弹。 以色列国内紧急动员 以色列卫生部下令全国进入最高戒备状态。 海法拉姆巴姆（Rambam）医院及特拉维夫索拉斯基（Sourasky）医学中心已开始将病房、手术室和ICU整体搬迁至加固的地下掩体。以色列全境响起预警警报（非空袭警报，而是提醒民众靠近避难所的预防性警报）...

In this article BRK.B BRK.A Follow your favorite stocks CREATE FREE ACCOUNT (This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Just a few weeks after Greg Abel formally became the new CEO of Berkshire Hathaway, the company is apparently preparing to sell some or all of the Kraft Heinz shares it acquired in Warren Buffett's 2015 merger deal that has turned out to be a disappointment. An SEC filing after Tuesday's closing bell by Kraft Heinz says Berkshire, by far its largest shareholder with a 27.5% stake currently worth $7.5 billion, may sell "up to" almost all its shares. The filing doesn't necessarily mean Berkshire will sell, and it doesn't mean all the shares would be sold at the same time, but it's a strong indication some significant sales are coming. Berkshire's quarterly 13F portfolio snapshots will probably be how we'll know if the position is shrinking. The report covering Berkshire's current quarter will be released in mid-May. Bottles of Heinz ketchup and mustard for sale are seen at the Heinz company display at the Berkshire Hathaway shareholder's shopping day in Omaha, Nebraska May 1, 2015. Reuters In Wednesday's trading after the filing, KHC fell about 7% to $21.99, near a six-year low, before rebounding. It ended at $23.20 Friday, down 1.4% for the week. Zoom In Icon Arrows pointing outwards For years the company has suffered from underinvestment and strong competition from store-branded alternatives. In September, it announced a plan to reverse its declines by splitting into two companies, essentially undoing its 2015 merger. At the time, Buffett criticized the move , telling CNBC , "It certainly didn't turn out to be a brilliant idea to put them together, but I don't think taking it apart will fix it." watch now VIDEO 5:46 05:46 Warren Buffett says he is ‘disappointed’ in Kraft Heinz split Squawk on the Street Be...

相关投资将创造数千个就业岗位 当地时间2月24日，苹果宣布将在美国休斯敦扩大工厂运营，Mac mini未来产能将首次转移至美国 ，同时扩产人工智能服务器，并计划在新制造中心开展实操培训，相关投资将创造数千个就业岗位。 苹果CEO库克表示，公司将持续深耕美国制造业，通过Mac mini本土化生产进一步扩大在休斯敦的布局。 此外，到2026年，苹果预计将从台积电亚利桑那州工厂采购超1亿片先进芯片，较2025年大幅增长。

中东地区所有美军基地应立即关闭，否则将被攻击 伊朗新任最高领袖穆杰塔巴·哈梅内伊12日通过国家电视台发表首次公开讲话。讲话内容主要围绕伊朗国内团结、对外冲突、地区关系以及对已故领袖阿里·哈梅内伊的悼念等。 穆杰塔巴·哈梅内伊在讲话中首先对阿里·哈梅内伊的去世表示哀悼，并称继任这一职位责任重大。他表示，伊朗革命领导层的一大传统是依靠人民力量，强调人民在国家治理和战争时期的重要作用。 在讲话中，他呼吁社会保持团结、持续参与国家事务，并强调在困难时期加强社会互助，同时鼓励民众积极参与即将举行的“耶路撒冷日”活动。 谈及当前局势时，穆杰塔巴·哈梅内伊向伊朗军队及“抵抗阵线”武装力量表示感谢，称伊朗军人阻止了敌人控制或分裂伊朗的企图。他同时表示， 伊朗将继续采取包括封锁霍尔木兹海峡在内的战略手段，并在必要时开辟新的战线。 在谈及地区局势时，他呼吁邻国关闭境内被美国利用的军事基地，并表示伊朗的打击目标仅针对相关军事设施，而非这些国家本身。他同时强调，伊朗仍希望与邻国保持友好关系。 穆杰塔巴·哈梅内伊还向战争中的遇难者家属和伤者表示慰问，并承诺为受损民众提供医疗和经济补偿。他表示，伊朗将继续追究敌方责任，并为遇难者“复仇”。

How Soviet urban planning is helping Russia freeze Ukraine Ukraine is now living through its most difficult winter in recent memory. With January temperatures plummeting below -15C, Russia has been attacking energy infrastructure, leaving about a million Ukrainians without heating. The capital, Kyiv, is the main target of such attacks. Following the latest Russian bombardment overnight into 24 January, almost 6,000 apartment blocks were left without heating, according to mayor Vitaly Klitschko. This is the third such Russian attack targeting Kyiv's heating infrastructure in little more than two weeks, after strikes on 9 and 20 January also left hundreds of thousands freezing in their flats. "Living in Kyiv is a bit of a gamble these days," one resident of the Ukrainian capital, Rita, told the BBC. "If you have heating and gas, there is no electricity and water. If you have electricity and water, there is no heating. "Coming home is like playing a guessing game every day - will I be able to shower or have hot tea, or neither? And of course missiles and drones come on top of all that." She says she has to go to bed wearing a hat and several layers of clothing. What is making things much worse for Ukraine and easier for Russia is the widespread prevalence of apartment blocks that rely on communal central heating - where water is heated up elsewhere and then pumped into their radiators. Heating plants in Ukraine are huge and many thousands of people are affected when they are targeted by Russian forces. Ukraine says that all such power plants have now been hit. Such attacks also disrupt electricity supplies, but while a generator or battery pack might help in this situation, heating is less straightforward - especially when there is also no electricity to power your heater. Kyivteploenergo, the monopoly supplying heating and hot water in the Ukrainian capital, told the BBC "the absolute majority" of houses in Kyiv rely on its services. It said it could not share the exa...

虚拟货币相关业务活动属于非法金融活动 2月6日， 中国人民银行、中国证监会等八部门联合发布《关于进一步防范和处置虚拟货币等相关风险的通知》 。通知指出，违反本通知规定开展虚拟货币、现实世界资产代币化相关非法金融活动，以及为虚拟货币、现实世界资产代币化相关业务提供服务的，依照有关规定予以处罚；构成犯罪的，依法追究刑事责任。对于明知或应知境外主体非法向境内提供虚拟货币、现实世界资产代币化相关服务，仍为其提供协助的境内单位和个人，依法追究有关责任；构成犯罪的，依法追究刑事责任。任何单位和个人投资虚拟货币、现实世界资产代币及相关金融产品，违背公序良俗的，相关民事法律行为无效，由此引发的损失由其自行承担；涉嫌破坏金融秩序、危害金融安全的，由相关部门依法查处。 原文如下： 银发〔2026〕42号 各省、自治区、直辖市人民政府，新疆生产建设兵团： 近期，虚拟货币、现实世界资产（RWA）代币化相关投机炒作活动时有发生，扰乱经济金融秩序，危害人民群众财产安全。为进一步防范和处置虚拟货币、现实世界资产代币化相关风险，切实维护国家安全和社会稳定，依据《中华人民共和国中国人民银行法》、《中华人民共和国商业银行法》、《中华人民共和国证券法》、《中华人民共和国证券投资基金法》、《中华人民共和国期货和衍生品法》、《中华人民共和国网络安全法》、《中华人民共和国人民币管理条例》、《防范和处置非法集资条例》、《中华人民共和国外汇管理条例》、《中华人民共和国电信条例》等规定，经与中央网信办、最高人民法院、最高人民检察院达成一致，并经国务院同意，现就有关事项通知如下： 一、明确虚拟货币、现实世界资产代币化和相关业务活动本质属性 （一）虚拟货币不具有与法定货币等同的法律地位。比特币、以太币、泰达币等虚拟货币具有非货币当局发行、使用加密技术及分布式账本或类似技术、以数字化形式存在等主要特点，不具有法偿性，不应且不能作为货币在市场上流通使用。 虚拟货币相关业务活动属于非法金融活动。在境内开展法定货币与虚拟货币兑换业务、虚拟货币之间的兑换业务、作为中央对手方买卖虚拟货币、为虚拟货币交易提供信息中介和定价服务、代币发行融资以及虚拟货币相关金融产品交易等虚拟货币相关业务活动，涉嫌非法发售代币票券、擅自公开发行证券、非法经营证券期货业务、非法集资等非法金融活动，一律严格禁止，坚决依法取缔。境外单位和个人不得以任何形式非...

Stock futures are modestly lower, pressured in part by Intel’s sharp pre-market slide following a weak outlook from the chipmaker and ongoing geopolitical uncertainty. Markets are trading mixed and cautiously softer on Friday after a volatile week that has reflected shifting investor sentiment around geopolitics, earnings, and economic data. Claim 50% Off TipRanks Premium Early Friday softness underscores that markets have yet to fully shake off the risk-off behavior seen earlier in the week. Gold continues to draw strong demand, trading near record levels as the silver spot price has surpassed $100 per ounce. In pre-market trading, S&P 500 futures fell 0.19%, Nasdaq futures fell 0.23% and Dow futures fell 0.43%. Check out this morning’s top movers from around Wall Street, compiled by The Fly. HIGHER – Life360 (LIF) up 23% after FY25 pre-announcement Nvidia (NVDA) up 1% after Bloomberg reported Chinese regulators have signaled that major tech firms, including Alibaba (BABA), Tencent (TCEHY), and ByteDance, can begin preparing orders for Nvidia’s H200 AI chips, indicating Beijing is close to formally approving these AI components UP AFTER EARNINGS – SLM (SLM) up 8% Booz Allen (BAH) up 6% Intuitive Surgical (ISRG) up 3% CSX (CSX) up 2% DOWN AFTER EARNINGS – Intel (INTC) down 12% Capital One (COF) down 4% Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on TipRanks >> Read More on NVDA: Disclaimer & DisclosureReport an Issue

In this article BL Follow your favorite stocks CREATE FREE ACCOUNT Toucanstudios | E+ | Getty Images Company: BlackLine Inc (BL) Business: BlackLine provides financial accounting solutions delivered primarily as Software as a Service (SaaS). The company's solutions enable its customers to address various aspects of their critical processes, including financial close, intercompany accounting, invoice-to-cash, and consolidation. BlackLine's cloud-based solutions include account reconciliations, transaction matching, task management, journal entry, variance analysis, consolidation integrity manager, compliance, BlackLine cash application, credit and risk management, collections management, disputes and deductions, team and task management, AR intelligence, intercompany create functionality, intercompany processing, and netting and settlement. These solutions are offered to customers as scalable solutions that support critical record-to-report and invoice-to-cash processes. Stock Market Value: ~$3.16B ($53.08 per share) Stock Chart Icon Stock chart icon BlackLine shares in the past 12 months Activist: Engaged Capital Ownership: 2.02% Average Cost: n/a Activist Commentary: Engaged Capital was founded by Glenn Welling, a former principal and managing director at Relational Investors. Engaged is an experienced and successful small-cap investor and makes investments with a two-to-five-year investment horizon. Its style is holding management and boards accountable behind closed doors. Engaged has an average return of 20.56% versus 17.83% for the Russell 2000. Of the firm's 39 past activist campaigns, nine of them have been at companies in the information technology sector. What's happening On Oct. 30, 2025, Engaged sent a letter calling on the BlackLine's board to immediately engage financial advisors and proactively run a strategic alternatives process following renewed acquisition interest from SAP SE. Nearly a month later, Engaged issued a so-called 220 Demand letter requ...

格隆汇1月24日｜据知情人士透露，里克·里德深厚的华尔街背景及其对改革央行的开放态度增强了他在一众美联储主席候选人中的竞争力。据知情人士称，这位贝莱德高管被认为具备央行行长的风范，他凭借着关于改革美联储的众多构想吸引了特朗普的关注。消息人士称，里德的另一个优势在于：与该职位的其他三位最终入围者不同，他从未在美联储工作过，被认为不会受制于该机构。里德是最终四位候选人之一，在特朗普政府官员寻求投资者对这些候选人意见时，里德得到了债券市场参与者的积极评价。其他竞争者包括白宫国家经济委员会主任凯文·哈塞特、美联储理事克里斯·沃勒和前美联储官员凯文·沃什。本周参加达沃斯世界经济论坛的企业高管和投资者也私下表达了对里德的支持。

格隆汇1月24日｜据中国基金报，银河航天创始人、董事长兼CEO徐鸣表示，手机直连卫星将引领6G通信革命，可以用一个简单的公式来理解6G时代的通信架构：6G等于地面网络作为基础网络，加上卫星宽带实现“光纤上天”，再加上手机直连实现“基站上天”。这种天地一体化的网络架构，将彻底改变对通信边界的认知。从全球宽带需求来看，卫星宽带的需求正在快速攀升。相应地，卫星宽带和手机直连市场也在高速增长，从产业角度看，这是卫星通信真正走向大众市场的关键一步。

将综合考虑人民币离岸市场发展、跨境资本流动形势等因素，适时调整参数 为深入贯彻落实党的二十届四中全会精神，提升资本项目开放水平，发展人民币离岸市场，完善跨境资本流动宏观审慎管理，2026年2月26日，中国人民银行发布《关于银行业金融机构人民币跨境同业融资业务有关事宜的通知》（以下简称《通知》），支持境内银行业金融机构与境外机构规范开展人民币跨境同业融资业务。《通知》自发布之日起实施。 《通知》覆盖人民币跨境同业融资各类业务，将银行业金融机构人民币跨境同业融资净融出余额与其资本水平、资金实力挂钩，促进合理开展业务。设置宏观审慎管理相关参数，根据市场形势进行逆周期调节。相关参数设定充分考虑了市场需求与银行业金融机构经营情况，有利于为人民币离岸市场提供稳定的流动性，推动人民币跨境使用。 下一步，中国人民银行将稳步推进《通知》落地实施，切实发挥跨境同业融资业务服务实体经济、促进人民币离岸市场健康发展的积极作用。 中国人民银行有关负责人就 《关于银行业金融机构人民币跨境同业融资业务有关事宜的通知》答记者问 问：《关于银行业金融机构人民币跨境同业融资业务有关事宜的通知》（简称《通知》）出台的背景是什么？ 答：党的二十届三中、四中全会提出，推进人民币国际化，提升资本项目开放水平，发展人民币离岸市场。人民币跨境同业融资包括账户融资、债券回购等各种境内银行业金融机构（以下简称境内银行）向境外机构融入、融出人民币资金的业务，是境内银行向离岸市场提供人民币流动性、促进人民币跨境使用的重要渠道。为支持和规范银行开展人民币跨境同业融资业务，更好服务实体经济，引导银行树立风险中性的理念，中国人民银行在广泛征求和吸纳各方意见的基础上，制定了《通知》。 问：《通知》主要内容是什么？ 答：一是按业务实质确定《通知》覆盖范围。明确按照“实质重于形式”的原则，将境内银行与境外机构之间存在实质债权债务关系的人民币资金融通业务纳入《通知》覆盖范围，能涵盖人民币跨境同业融资现有各类业务，未来推出相同性质业务也适用本通知。 二是引入逆周期调节机制。明确将境内银行人民币跨境同业融资净融出余额与其资本水平、资金实力相挂钩，通过跨境业务调节参数、宏观审慎调节参数进行调节。参数初始值的设置统筹兼顾了业务发展和风险防范的需要。中国人民银行将综合考虑人民币离岸市场发展、跨境资本流动形势以及银行展业情况等因素，适时调整参数。...

watch now VIDEO 2:42 02:42 Natural gas surges ahead of winter storm: Here's what you need to know Squawk on the Street Families could lose power as Winter Storm Fern is forecast to bring bitter cold, snow, sleet and ice from New Mexico up through New England this weekend. The storm is expected to impact more than 170 million Americans through Monday, according to the National Weather Service . At least 14 states across the South, Midwest and Mid-Atlantic have issued emergency declarations. Catastrophic ice accumulations are expected across the Southern Plains, Lower Mississippi Valley, the Tennessee Valley, and the Southeast that could result in "long-duration power outages, extensive tree damage, and extremely dangerous or impassable conditions," the NWS has warned . Snowfalls greater than 12 inches are expected across the Ohio Valley, Mid-Atlantic and Northeast that could cause widespread travel disruptions. The Department of Energy is ready to issue orders that would make backup power generation available to prevent blackouts, Secretary of Energy Chris Wright said in a Thursday letter to electric grid operators. Natural gas prices have soared about 70% this week as home heating demand is expected spike. Goldman Sachs has warned that the storm could significantly disrupt U.S. natural gas production. "We expect this is going to disrupt supply as well because it freezes the wells, it freezes we think more than 10% of US natural gas production," Samantha Dart, a Goldman Sachs analyst, told CNBC on Friday. "We use that for heating. We use that for power generation," Dart said. "So you're going to need the gas the most during the days when it's not going to be coming out of the ground." Natural gas disruptions during extreme weather can be deadly. watch now VIDEO 6:43 06:43 Winter storm sends gas soaring: Goldman Sachs' Samanta Dart on natural gas price trends Squawk Box Texas faced severe cold during Winter Storm Uri in February 2021, which resulted in more than 4 mil...

将在未来数小时内发动袭击 据伊朗媒体消息，伊朗革命卫队已向沙特、阿联酋、卡塔尔三国的多处能源设施发布撤离警告，并声称这些地点已成为“合法打击目标”，将在未来数小时内发动袭击。涉及设施包括沙特朱拜勒石化综合体、卡塔尔拉斯拉凡炼油厂等。 此举被视为伊朗对以色列此前袭击的报复回应。此前，以色列在美国支持下打击了伊朗最大的天然气处理设施南帕尔斯气田。伊朗官员警告称，若本国能源设施遭袭，伊朗将以“新的方式升级战争”，并称“等着伊朗的回应吧”。 针对局势升级，卡塔尔外交部发言人回应称，以色列袭击南帕尔斯气田——该国北气田的延伸部分——是“危险且不负责任的举动”。他指出，针对能源基础设施的袭击威胁全球能源安全、地区民众及环境，呼吁各方保持克制、遵守国际法，以缓和局势、维护地区稳定。 受突发消息影响，国际油价今晚飙升。截止发稿，WIT原油涨超2%报97.47美元/桶，布伦特原油涨4.18%报103.55 美元/桶。

格隆汇1月24日｜据苹果天猫官方旗舰店显示，2026年1月25日晚上20:00起至2月11日凌晨23:59:59止，苹果将开启2026年天猫年货狂欢季。其中，原价7999元的256G的iPhone Air，官方立减2000元，叠加国补到手价5499元起，较原价7999元降幅达2500元。苹果在近一个多月内已启动过多次促销活动。2025年12月，苹果针对iPhone 17 Pro及iPhone 17 Pro Max两款高端机型限时降价。

《科创板日报》1月24日讯（记者 黄心怡 毛明江） 英伟达创始人黄仁勋2026年首度来华，第一站到访了 上海 。 英伟达在上海的新办公楼 ▍“皮衣黄”现身上海菜市场 今日，黄仁勋还现身 陆家嘴 街道乳山路锦德菜市场，体验上海市井风俗。 据了解， 黄仁勋这次来华主要参加上海、 北京 和深圳分公司的新年晚会，以及供应商答谢会。 目前，英伟达在中国设有三大核心“据点”：分别位于北京、上海和深圳。黄仁勋此次到访的是英伟达上海办公室新址，位于上海张江的纳贤路600号。该楼共16层，高80米，建筑面积约2.33万平方米。 据此前报道，英伟达在中国员工总数近4000人，过去几年增长约50%至60%，其中上海研发中心已有超过2000名员工，原有办公空间已无法满足发展需求。 2025年5月，英伟达在上海设立新办公场所，重点将承担芯片设计验证、产品优化及自动驾驶等领域的研究任务。 当时，英伟达方面就此事向媒体回应称，公司正在为现有员工租用一个新的办公空间，这是其在中国持续深耕市场的举措之一。同时，英伟达也强调将遵守当前的出口管制规定。 ▍中国市场对H200销售至关重要 一家外资 半导体 企业销售业务线负责人向《科创板日报》记者表示，黄仁勋此次2026年中国新年行，首先是例行的团队与生态维护：参加上海、北京、深圳三地分公司新年晚会、供应商答谢会，视察上海张江新办公室，慰问员工。这是传递长期扎根信号，稳定团队与合作伙伴信心。 “但他更主要的目的，应该是合规与落地推进H200芯片在中国的销售。”上述人士表示，H200 芯片虽获美方有条件批准对华销售，但 “卖给谁、用在哪、怎么合规” 仍存模糊地带，需通过闭门沟通厘清政策红线，确保产品合规落地而非单纯销售。 另外，英伟达在中国的生态与供应链布局也是黄仁勋关注重心之一。收集客户对H200 及后续 Rubin 架构产品的需求，深化与台积电、富士康等供应链合作，推动 CUDA 软件生态本地化等。 英伟达CEO黄仁勋多次公开强调中国市场的重要性。2024财年，英伟达在中国市场的营收为170亿美元，占总收入的13%左右。黄仁勋认为， 中国AI市场规模在未来两到三年将达到500亿美元，美国企业若无法参与将遭受巨大损失。 ▍上海产业优势明显 而英伟达自2013年起在上海设立办公室，原址位于 张江高科 矽岸国际。新办公地点地处张江科学城中区，北临海科路，东倚纳...

警告油价或超200美元 美以伊战事 进入第10天， 哈梅内伊之子带着家仇国恨“冒死”接班。 这场德黑兰 权力交接的背后， 也 被视为 伊朗“复仇者时代”的开启 。 而对于这位强硬派的上台， 特朗普表示“不高兴”； 此前 以色列已经扬言威胁称，新伊朗最高领袖将成为“清除目标”。 这也意味着，中东冲突 进入更危险的第二阶段，霍尔木兹海峡停摆给能源市场带来的恐慌还将继续。 今天，原油已经坐上了疯狂“过山车”。 早盘， 油价一度创下史上最大单日涨幅，随后又在G7紧急出手的传闻影响下，涨幅大幅收窄。 不过伴随石油 供应危机的加剧，市场 分析师警告： 史无前例的 能源危机下，油价可能涨破天。 伊朗父死子继 当地时间 3月9日， 哈梅内伊的次子—— 穆杰塔巴·哈梅内伊出任伊朗最高领袖。 这是自1979年伊斯兰革命之后，伊朗选出的第三任最高领袖。 中东研究所高级研究员Alex Vatanka表示， 这对美国来说是一次巨大的羞辱。 “发起如此大规模的军事行动，冒了这么大的风险，结果只是杀死了一位86岁老人，而他的位置立刻被其更为强硬的儿子取代。” 当天， 伊朗总统 佩泽希齐扬表示， 新任最高领袖将 领导伊朗迈向光明未来； 伊朗武装部队也发表声明说， 将在最高领袖的领导下“战斗到最后一刻”；伊朗外长直言，不止战不会停火。 据伊朗方面消息， 穆杰塔巴几小时后将首次向伊朗民众发表讲话。 今天，俄罗斯总统普京祝贺了穆杰塔巴的当选，并 重申将继续坚定支持伊朗。 特朗普对此则感到不高兴。 他直言将关注事态发展，并表示“拭目以待。” 目前，以色列国防军已开始对伊朗在德黑兰、伊斯法罕和伊朗南部的基础设施进行大规模打击。 伊朗也发起第31波打击， 使用重型导弹袭击美以相关目标。 据伊朗卫生部副部长9日透露，过去9天伊朗已有超过1255人死亡，1.2万人受伤。 不过 伊朗红新月会的最新数据显示，美国和以色列对伊朗的袭击已造成1332名伊朗人死亡。 油价要涨上天？ 冲突愈演愈烈，能源市场的恐慌则不断加剧。 此前， 以军袭击了伊朗首都德黑兰多个燃料储存设施。 不过据外媒报道说， 美国对此感到不满，认为以军“打击规模远超美国预期”，可能起到推高油价等反效果。 伊朗议会议长则表示，当前冲突若进一步扩大至基础设施层面，其经济影响将在地区乃至全球范围内持续较长时间。 在这种情况下，国际油价可能在相当一段时间内维持在...

还有大手笔分红 AI算力需求井喷的2025年， “国产AI芯片第一股”业绩狂飙。 3月12日， 寒武纪发布2025年年度报告。 全年营收 同比激增 453.21% ，归母净利润 20.59亿元 ，分红 6.32亿元。 这是 “寒王”自 2020年上市以来， 首次实现全年盈利，迎来从“ 技术故事 ”到“ 商业现实 ”的拐点。 历史性扭亏为盈 年报显示，寒武纪 2025年实现 营业收入64.97亿元，同比增长453.21%。 归属于上市公司股东的 净利润20.59亿元，同比扭亏为盈。 基本每股收益4.93元。 全年公司总资产规模 翻倍至134.38亿元 ， 同比增长100.03%。 归母净资产从-4.52亿元跃升至 20.59亿元 。 2025年，研发投入占营业收入比例降至 17.99% ，较上年同期的91.30%大幅下降73.31个百分点。 从季度数据看，寒武纪去年四个季度营收分别为11.11亿元、17.69亿元、17.27亿元、18.90亿元，呈现逐季走高态势。 归母净利润分别为3.55亿元、6.83亿元、5.67亿元、4.54亿元。 尽管Q4净利润环比有所回落，但全年盈利能力已得到验证。 寒武纪表示，主要系受益于人工智能行业算力需求的持续攀升，公司凭借产品的优异竞争力持续拓展市场，积极推动人工智能应用场景落地。 值得一提的是， 这是寒武纪上市五年来首度盈利。 2020年，寒武纪登陆科创板。 过往财报显示，2020年至2024年，寒武纪分别亏损4.35亿、8.25亿、12.56亿、8.48亿和4.52亿。 业绩扭亏的同时，寒武纪还抛出了“大手笔”分红转增方案。 公司拟向全体股东 每10股派发现金红利15.00元 （含税）。 合计拟派发现金红利 6.32亿元， 占2025年度归母净利润的 30.71% 。 章盟主持仓近75亿元 此外寒武纪表示， 公司A股股票即将取消特别标识U。 据公告称，公司2025年度归母净利润以及扣非后归母净利润均为正，符合“上市时未盈利公司首次实现盈利”的情形，公司A股股票将于2026年3月16日取消特别标识U，股票简称显示由“寒武纪-U”变更为“寒武纪”，A股股票代码688256保持不变。 年报还显示， 章建平期内增持寒武纪 ，期末持股数量为681.49万股，占流通比例1.62%， 为第五大股东。 按3月12日1099元/股的收盘价， 章建平...

他指出，央行不应依据伊朗冲突等短期因素来制定政策 美联储理事米兰表示，央行不应依据伊朗冲突等短期因素来制定政策。他在谈及未来12个月的利率路径时称，在 真正改变看法之前，应先收集所有相关信息，目前要对全年形势有清晰认识“还为时尚早”。 中东冲突导致油价大幅上涨，既可能推高通胀，又可能对经济增长和劳动力市场造成负面影响。美联储上周连续第二次维持利率不变，决策者承认战争加剧了经济不确定性，主席鲍威尔强调需在降通胀方面取得更多进展。 米兰对此次维持利率的决定持反对意见，倾向于降息25个基点。不过，他承认若油价持续高位运行，可能逐渐波及其他商品和服务领域， 但他表示自己在战前提出的今年四次降息的预期依然不变。

BITU260220P00056000 互動股市圖表 | BITU Feb 2026 56.000 put 股市 Yahoo 財經

格隆汇1月24日｜匈牙利总理欧尔班在位于该国西南部的考波什堡举行的集会上表示，西方应就乌克兰如何成为俄罗斯与西方之间的缓冲区达成一致，否则将导致持续不断的战争。欧尔班表示，匈牙利曾是西方世界和俄罗斯之间的缓冲区，但匈牙利成功加入北约，摆脱了缓冲区的束缚。西方安全体系的终点就在匈牙利的东部边界，于是乌克兰成为缓冲区。这种情况持续了三十年。欧尔班说，俄乌冲突之前，西欧国家、美国和乌克兰做出乌克兰不再作为缓冲区的决定，将其纳入西方安全体系；而俄罗斯认为北约正在逼近俄边界，结果冲突爆发了，这就是冲突的起因。欧尔班认为，如果乌克兰加入欧盟，欧盟将与俄罗斯发生直接军事冲突，因此，乌克兰必须留在欧盟之外。

Key Points Both VCIT and AGG charge the same low expense ratio, but VCIT offers a higher yield. AGG holds a much broader mix of bonds and has a lower historical drawdown than VCIT. VCIT's portfolio focuses on corporate bonds, while AGG covers the total U.S. investment-grade bond market. These 10 stocks could mint the next wave of millionaires › The Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) and the iShares Core US Aggregate Bond ETF (NYSEMKT:AGG) both offer low costs, but differ in yield, risk, and the breadth of their bond portfolios. Both VCIT and AGG are designed for investors seeking steady income and moderate risk from U.S. bonds. While VCIT concentrates on investment-grade corporate bonds with intermediate maturities, AGG provides exposure to the entire U.S. investment-grade bond market, including government, mortgage-backed, and corporate bonds. This comparison unpacks their differences in cost, performance, risk, and holdings. Snapshot (cost & size) Metric VCIT AGG Issuer Vanguard IShares Expense ratio 0.03% 0.03% 1-yr return (as of 2026-01-22) 4.36% 3.1% Dividend yield 4.6% 3.9% Beta 1.10 1.00 AUM $61.8 billion $135.3 billion Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months. Both funds are equally affordable at 0.03% in annual expenses, but VCIT has a higher yield, which may appeal to those prioritizing income. AGG’s slightly lower payout is offset by its larger and more diversified assets under management (AUM). Performance & risk comparison Metric VCIT AGG Max drawdown (5 y) -20.56% -17.83% Growth of $1,000 over 5 years $874 $857 What's inside AGG tracks the total U.S. investment-grade bond market, resulting in a highly diversified portfolio of 13,015 holdings. AGG’s 22.3-year history and broad composition make it a core holding for many investors who want comprehensive fixed-income exposure. By contrast, VCIT focus...

Key Points OpenAI plans to test ads to U.S. customers on ChatGPT's free and low-cost tier subscription accounts. OpenAI will label the ads, but it will not sell user conversations to advertisers. One Wall Street analyst sees OpenAI's burgeoning ad business potentially growing into a massive business in just a few years. These 10 stocks could mint the next wave of millionaires › OpenAI recently announced on its website that it plans to start testing advertisements on ChatGPT in the U.S. The company plans to run ads only on its free and low-cost subscription accounts, while there won't be ads for ChatGPT Plus, Pro, Business, or Enterprise accounts. The goal, according to the company, is to enable more people to use the platform with fewer usage limits. OpenAI also said that users' data and conversations will not be sold to advertisers, and that ads will not drive the answers ChatGPT provides. ChatGPT will also make it clear when an ad is being generated. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » The company reportedly had 900 million weekly users as of December 2025, and many have deemed it the fastest-growing consumer app of all time. This is obviously a place advertisers will want to be, and it's also likely to drive tremendous revenue in the coming years, according to one Wall Street analyst. Here's how much revenue OpenAI's new advertising business could generate by 2030. A $25 billion business by 2030? In a recent research note, Evercore ISI's Mark Mahaney said that ChatGPT's ad business could quickly grow into a $25 billion annual revenue stream by 2030 if the company executes correctly. Since OpenAI generated over $20 billion of revenue in 2025, this new ad business could more than double current revenue and give OpenAI both a solid subscription and ad business. As reported by Business Insider, Mahaney based his assumptions on his projected scale of ChatGPT by 2030, how...

比亚迪公司正致力于将向中国以外市场的交付量提高近25%。 比亚迪品牌及公关部门总经理李云飞周六在上海的一次媒体发布会上表示，该公司计划在 2026 年向中国以外地区销售 130 万辆汽车。而去年其海外交付量为 105 万辆。 不过，这一目标可能会让一些投资者感到失望。因为花旗集团去年 11 月曾表示，比亚迪已设定目标，要在 2026 年将海外销量扩大至 150 万至 160 万辆，这是基于与该公司管理层的会面所得出的结论。 责任编辑：于健 SF069

Explore how key differences in sector exposure, holdings, and cost structure could impact your international ETF strategy. Vanguard FTSE Developed Markets ETF (VEA +0.64%) keeps costs dramatically lower and holds a wider basket of developed-market stocks, while iShares MSCI ACWI ex US ETF (ACWX +0.60%) has a slightly different sector mix. Both VEA and ACWX aim to give investors a one-stop way to access non-US equities, but they differ in breadth, portfolio makeup, and cost. This comparison highlights where each ETF stands out, and where the overlap or divergence may matter for portfolio construction. Snapshot (cost & size) Metric VEA ACWX Issuer Vanguard IShares Expense ratio 0.03% 0.32% 1-yr return (as of 2026-01-09) 35.8% 34.2% Dividend yield 3.1% 2.7% Beta 1.05 0.75 AUM $268.9 billion $7.87 billion Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months. VEA looks notably more affordable, with an expense ratio roughly one-tenth that of ACWX, and also delivers a modestly higher dividend yield. Expand NYSEMKT : VEA Vanguard FTSE Developed Markets ETF Today's Change ( 0.64 %) $ 0.42 Current Price $ 65.78 Key Data Points Day's Range $ 65.11 - $ 65.82 52wk Range $ 45.14 - $ 65.82 Volume 23M Performance & risk comparison Metric VEA ACWX Max drawdown (5 y) -29.70% -30.06% Growth of $1,000 over 5 years $1,331 $1,267 Expand NYSEMKT : VEA Vanguard FTSE Developed Markets ETF Today's Change ( 0.64 %) $ 0.42 Current Price $ 65.78 Key Data Points Day's Range $ 65.11 - $ 65.82 52wk Range $ 45.14 - $ 65.82 Volume 23M What's inside ACWX tracks large- and mid-cap stocks from both developed and emerging markets outside the US, and currently has around 1,751 holdings. The fund has a 17.8-year track record. Financial Services (25%), Technology (15%), and Industrials (15%) lead sector allocations. The largest positions include Taiwan Semiconductor Manufacturing, Tencen...

Zotac Announces Zbox Magnus EAMAX Mini PC with AMD Strix Halo APUs Zotac has officially introduced the Zbox Magnus EAMAX series, a new line of mini PCs designed for high performance within a compact 2.65-liter chassis. The new systems use AMD Strix Halo processors that provide maximum memory capacity and multiple connection options. Performance and Models The series is headlined by the Magnus EAMAX395C, the top-tier configuration. The system contains a Ryzen AI MAX+ 395 processor and 128 GB of LPDDR5X RAM memory. The system's NPU (126 TOPS) together with its Radeon RX 8060S graphics solution provides the capability to handle both 1080p gaming and multiple artificial intelligence tasks. The series includes two entry-level models which use the Ryzen AI MAX 390 processor and Ryzen AI MAX 385 processor as their power source. Connectivity and Expansion The Magnus EAMAX designs all provide identical connectivity and expansion capabilities that enable users to establish multiple connections and boost system performance. The system supports three M.2 slots which operate at PCIe 4.0x4 for storage expansion. The system provides two 2.5 Gbps Ethernet ports together with a Wi-Fi 7 module for networking purposes. The system includes one 40 Gbps USB4 port and five USB 3.2 Type-A ports to provide USB connectivity. The system includes two DisplayPort 1.4 ports and two HDMI 2.1 ports to enable display connection. The system includes a combination headphone/microphone jack. Configuration and Availability Zotac will offer the Magnus EAMAX in two formats: a base configuration for users to customize, and a pre-configured version with a 1 TB NVMe SSD and Windows 11 pre-installed. The company has not yet shared any information about product pricing or disclosed the official release date.

秩序重构 3 月 19 日，海通国际执委会委员、首席经济学家张忆东发布了最新报告，围绕国际秩序重构与硬核资产战略性重估，深入剖析了当前地缘冲突频发背景下，全球能源、金融及产业链格局的深刻演变； 并创新性地提出了 “SMART” 硬核资产 这一概念，有望引领市场在国际大变局下对资产的认知。 张忆东指出，当前国际局势已进入现代版 “ 战国时代 ” ， 美伊冲突仅是国际秩序重构的缩影，霸权主义与丛林法则重新抬头。 定价范式转移，从从效率转向安全重构； 金融秩序中美元武器化，推动黄金成为国际秩序重构的战略压舱石和终极信用锚。 虽然，黄金短期受石油美元逻辑下美元走强的影响，保持相对弱势，区间震荡。 但是，国际秩序重构的确定性溢价，以及其抗通胀与避险属性，中长期或将持续上行。 张忆东认为，目前冲突烈度最强的阶段已接近尾声，但真正的和平解决方案或难出现， 冲突或将演变为新型无前线持久战。 张忆东进一步指出，资源安全与供应链安全，已成为主要经济体政策核心， 稀土、铜铝、小金属等战略物资的估值溢价将被长期锁定。 军工行业亦因地缘冲突频发进入 “ 安全定价 ” 模式， 全球军费支出创历史新高，产业链迎来系统性重估。 针对投资策略，他进一步指出，当前市场在交易滞胀，但真正滞胀的概率可能并不大。 中国股市在当前环境下性价比突出，没有得到充分重估，年初的震荡更像是蓄力。 中国股市估值处于全球低位，横向折价效应显著， 在估值层面具备显著追赶空间。 最后，张忆东解释了所谓 SMART 的硬核资产， 即（能源资源）安全（ Security ）、制造出海（ Manufacturing Abroad ）、硬科技（ R&D Technology ）三大方向。 美伊冲突 是现代版 “ 战国时代 ”大戏 本次美以对伊朗的战争，只是国际秩序重构时代的缩影， 是霸权主义、弱肉强食的丛林法则的体现，是现代版的 “ 战国时代 ” 大戏上演。 国际秩序重构有三大主线。 一是地缘政治，多极化博弈取代单极秩序，安全赤字扩大。 霸权主义、强权政治、冷战思维回潮，大国博弈加剧，地缘冲突多发。 二是经济秩序， 供应链韧性权重超越准时制效率。 全球化遭遇逆流，单边保护主义抬头，美国推动脱钩断链、供应链重组。 三是金融秩序， 美国政府债台高筑，但是，美国操控国际金融秩序，并将美元武器化，从而，推动黄金成为国际秩序重构的战略压舱石和...