因出口退税调整而退出国际市场的企业，应该转向国内市场，为满足内需而生产。 1月8日，财政部与税务总局发表公告，宣布自4月1日起取消对光伏等近250种产品的出口退税，并同时下调对22类电池产品的出口退税率，直至2027年元旦完全取消。这一政策出台后，很多学者与业内人士表示赞同，但也引发了一些不同的观点和讨论。 出口退税调整是外贸转型的重要举措 此次出口退税政策的调整，是近年来我国外贸发展战略与经济增长模式转型的诸多举措的进一步延续，是为了解决过去长期过度依赖出口的外贸发展战略与经济增长模式带来的一些问题，对推动我国进出口的平衡发展、推动我国经济向内需主导的方向转型，具有重要作用。 从改革开放初期开始，我国就实行“出口创汇”战略，运用各种政策手段，包括出口退税、出口补贴、生产补贴以及币值低估等，促进出口，换回外汇，以进口先进技术、设备、原材料、消费品，促进国内经济发展与民众生活改善。这一战略取得了巨大的成功，达到并超过了原定目标。特别是极大地促进了经济增长与就业，并使我国快速成长为世界制造中心。 同时也应看到，我国“出口创汇”战略实行的时间过长，形成了一种“出口偏向型”甚至“出口依赖型”的外贸发展战略与经济增长模式。这一模式导致我国自1995年以来的这30年来，出口依存度（出口占GDP的比重）过高，外贸顺差持续过大，外汇储备过多，并带来了贸易结构失衡、贸易条件恶化、通胀压力增大、外汇风险提升、对外依赖过重、贸易摩擦加剧等诸多问题。 对于这些问题，我国相关部门与业界也有所认识，自2005年以来就开始采取不同措施（人民币升值与降低出口退税等）予以调整。2018年中美贸易摩擦爆发后，我国更明确宣布不以争取贸易顺差为目标，并提出以国内大循环为主体、国内国际双循环相互促进的新发展格局，向外界传达了调整外贸发展战略与经济增长模式的鲜明信号，并出台了很多措施促进国内市场开放、扩大进口，2024年以来又降低了很多产品的出口退税。 此次两部门降低乃至取消更多产品的出口退税，是过去几年来我国推动外贸发展战略与经济增长模式转型的各种政策措施的延续。此次政策措施集中于调整出口退税，是由于它是造成我国外贸顺差的重要原因：过去30年中，仅出口退税一项就占我国外贸顺差的一半左右。因此，降低甚至取消更多产品的出口退税，将对降低贸易顺差起到更直接的作用。 此次出口退税调整涉及产品范围很广。而在有关部门的...

Ministers have been warned that any dilution of legal rights for disabled children and their families would cross “red lines”, as the government prepares substantial changes to special education needs and disabilities (Send) provision in England. The Disabled Children’s Partnership, which represents more than 130 charities and professional groups, has written to the education secretary, Bridget Phillipson, and MPs to raise concerns that the overhaul will “come at the expense of children’s legal protections”. The government is due to publish a white paper in February setting out radical changes to Send provision. The plans are expected to include extra funding and specialist support, which it is claimed will enable mainstream schools in England to meet the needs of a wider range of children and young people. However, charities fear the new approach could come at the expense of restrictions to the current system of education, health and care plans (EHCPs) negotiated between parents and local authorities and arbitrated by a specialist Send tribunal. Katie Ghose, the chief executive of the disability charity Kids, said: “Parents will be worried about plans until they can see, in black and white, that legally guaranteed support will be there for every child who needs it. “Parents are also worried about not having a big red button to press when their child isn’t supported in the way they need. Parents will be worried about both plans and accountability until they can see those guarantees are locked down in law.” The letter, backed by organisations including Mencap, the National Autistic Society and the Council for Disabled Children, says any changes must not “strip away legally enforceable plans for children who need them”, or abolish the Send tribunal, disrupt current support or placements, or narrow the definition of Send in a way that restricts eligibility. The letter listed other “red lines”, including any abrupt cut in support from the age of 18, and called for great...

Members of the public and charity volunteers are working to contain a suspected outbreak of bird flu among swans in the Thames Valley, amid signs that confirmed cases are continuing to rise. Since October, 324 cases of bird flu in swans have been recorded by the Animal and Plant Health Agency (Apha), which is sponsored by the Department for Environment, Food and Rural Affairs (Defra). Of these, 39 were recorded in the first four weeks of 2026 alone. However, there is growing concern that official figures might underestimate the true scale of the outbreak. The animal charity Swan Support said 46 dead swans had been found in the borough of Windsor and Maidenhead since 17 January, along with a further 26 in Newbury. Two swans were discovered dead in Windsor on Thursday, with three more found on Friday in the Berkshire village of Hurley. Wendy Hermon, the operations director at Swan Support, said the birds had been found “spinning around in circles [and] bleeding from the eyes”, as well as appearing lethargic, prompting suspicion that bird flu might be the cause. The charity said some of the recovered bodies had been sent to Defra for testing, but confirmation of bird flu as the cause of death had yet to be received. Since 2021, the H5N1 strain of bird flu has devastated bird populations across the UK. The virus is highly infectious, with scientists saying that a single bird can infect up to 100 others, and that it can be transmitted through faeces, mucus, blood and saliva. View image in fullscreen David Barber, the King’s swan marker, during the annual census, known as swan upping, on the River Thames. Photograph: Peter Nicholls/Reuters David Barber, the King’s swan marker, who monitors populations of the birds, said: “It has been pretty grim and one of the worst years we’ve had for bird flu. We’ve had 40-plus swans that have died [in the Thames Valley region] but there’s probably double that number. “Unfortunately, [Defra] haven’t come back and confirmed that it’s bir...

On Wednesday, Amazon (NASDAQ:AMZN) did another round of layoffs. The latest 16,000 reductions leaked out via an accidentally sent internal email, bringing the total cut to around 30,000 since October, or 10% of the corporate workforce. Just a decade ago, layoffs of this scale would have triggered apologies and existential questions about leadership. Yet, today they arrive in a calmer, forward-looking language. The management frames it as removing bureaucracy and being cost-conscious. The firm isn't signaling distress but control. The market likes it – the stock is around 7% up year-to-date. And that distinction says a lot about how the meaning of layoffs has quietly changed. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share Explore Jeff Bezos-backed Arrived Homes and see how investors are earning passive rental income — now with a limited-time 1% bonus match for new investors. Boom And Bust Cycles This change in perception didn't arrive overnight. It started years ago, best remembered in the pandemic boom. Between 2020 and 2021, tech companies hired as if demand would only go one direction – up and to the right. Amazon expanded aggressively across corporate roles, logistics, and cloud, responding to a world stuck at home and buying everything online. Cheap capital made it easy to justify excess headcount as "future optionality." Eventually, the cycle turned. Demand normalized, and interest rates climbed. Investors stopped rewarding the promise of growth and started questioning inefficiency. What once appeared like foresight suddenly looked like bloat. Amazon's cuts mirror what's happened across tech, where hundreds of thousands of roles have disappeared since 2022, according to layoffs.fyi. Despite the common belief that Europe stands insulated by stronger labor laws, the same logic has arrived there too—just dressed differently. "Strategic refocuses," rolling reorganizations, and role eliminations allow c...

President Donald Trump is set to launch a strategic critical-minerals stockpile with $12 billion in seed money, a bid to insulate manufacturers from supply shocks as the US works to slash its reliance on Chinese rare earths and other metals. The venture — dubbed Project Vault — is set to marry $1.67 billion in private capital with a $10 billion loan from the US Export-Import Bank to procure and store the minerals for automakers, tech firms and other manufacturers. Most Read from Bloomberg Details of the initiative, which would represent a first-of-its-kind stockpile for the US private sector, were described by senior administration officials, who asked not to be identified discussing a plan that has yet to be announced. The effort is akin to the nation’s existing emergency oil stockpile. But instead of crude, its focus would be minerals — such as gallium and cobalt — used in products such as iPhones, batteries and jet engines. The stockpile is expected to include both rare earths and critical minerals as well as other strategically important elements that are subject to volatile prices. It represents a major commitment to accumulate minerals deemed critical to the industrial economy — including the automotive, aerospace and energy sectors — and highlights Trump’s effort to wean US supply chains from China, the world’s dominant provider and processor of critical minerals. The project has participation from more than a dozen companies so far, including General Motors Co., Stellantis NV, Boeing Co., Corning Inc., GE Vernova Inc. and Alphabet Inc.’s Google. Three commodities trading houses — Hartree Partners LP, Traxys North America LLC and Mercuria Energy Group Ltd. — have signed on to handle purchases of the raw materials to fill the stockpile. Ex-Im’s board is set to vote later Monday to authorize the record-setting 15-year loan, which is more than double the next-largest deal ever executed by the bank. Trump is set to meet Monday with GM’s chief executive officer Ma...

AI作为社交对象对人类社会的颠覆性影响现在还不显著，但未来将会成为一个更大的问题。 人类是社会性动物，社交对每个人和整个社会都很重要。 社交是社会网络的编织机。通过家庭、朋友、同事等关系的建立，个体被连接成一个个小群体，小群体再交织成大社会。从远古狩猎的沟通协作，到现代社会的分工合作、市场的交易、社会秩序的维护，都离不开人的社会、社交属性。更进一步对于我们人类物种而言，社交令人类可以用集体智慧和力量参与生态位竞争，构成了我们祖先的进化优势。这种“合作基因”被自然选择强化，深深嵌入我们的DNA。社交还是基因传递的桥梁：寻找伴侣、组建家庭、集体养育后代，确保文化与血脉延续。有了社交，人类文明才能绵绵不息。 社交对我们的身心健康、家庭幸福有重要的影响。通过社交反馈，我们确认价值、角色和信念。分享喜悦能放大快乐，分担忧愁能减半痛苦。高质量关系如同“情绪缓冲器”，帮助我们对抗存在性焦虑，在无常生命中通过家庭、文化、共同目标找到归属与目的感。很多研究都表明，有良好社会连接的人往往寿命更长，如根据2023年发表在《Nature》上的一项研究，社交隔离人群的全因死亡风险较一般人群增加32%；另一项针对中国老年人的研究，与“经常参加社交活动”的老年人相比，“从不参加任何社交活动”的老年人，患抑郁症状的风险高45%；哈佛大学一项长期跟踪研究（超过80年）的结论是亲密关系是预测长期幸福和健康的“单一最重要因素”，而不是财富、智商或社会地位。 社交也是学习与成长的重要场所。从婴儿模仿父母表情，到学生向老师提问，再到职场头脑风暴，知识、技能、观点都在互动中高速迭代。我们通过与他人互动学会推测他人意图，这是复杂合作与预测行为的基石。没有社交，人的认知发展将严重受限。 总体而言，社交至关重要，是刚需中的刚需。是人类身心健康、个人成长、社会协作、种族繁衍的重要媒介。 那么，我们的问题是，当AI掌握了类似人的智能和沟通能力，能否取代人作为社交对象，参与到和人的社交中去？ AI对人的替代 人与AI的社交关系，特别是构建情感关系、亲密关系，是科幻作品经久不衰的选题。科幻作家或导演常借助AI这种极端化的社交对象来探讨什么是“人”、爱与情感的本质、何为自由意志等议题。近年来最有寓言意义的佳作是2013年的《Her》，影片的主人公在婚姻破裂、对真实社交生活失望后，逐渐沉溺于与名为Samantha的AI语音助手...

Tyson Foods Inc. reported first-quarter earnings that slightly beat analyst estimates as higher beef pricing and continued chicken demand offset pressure from limited cattle supplies. The country’s largest meatpacker saw adjusted earnings per share of 97 cents in the first quarter, down 15% from the prior year but beating analyst estimates of 95 cents. While higher beef prices supported overall sales, Tyson’s largest segment continues to struggle with the US’s ongoing cattle shortage. Tyson’s beef business reported a $143 million adjusted operating loss in the quarter, worse than analysts expected, though a 17% increase in pricing supported year-over-year sales growth. The company, in a move meant to turn around the segment, said it would close a Nebraska beef plant and reduced a Texas facility to a single shift. The company maintained its outlook for the year, but narrowed its expected operating loss in its beef segment to $250 million to $500 million, from a prior forecast of $400 million to $600 million. Read More: More US Beef Plants May Close as Cattle Herds Keep Shrinking A domestic cattle shortage has left meat processors paying higher prices for the animals needed to keep plants operating at minimum levels, crunching margins even as the Trump administration calls the industry out for inflating meat prices . Tyson’s plant closure is expected to cool cattle prices by reducing competition for supplies, though prices are still forecast to rise year-over-year, according to the US Department of Agriculture. The US cattle herd remained at a 75-year low as of Jan. 1, nearly unchanged from the prior year, the USDA said Friday. The ongoing halt to Mexican live cattle shipments to prevent the spread of a deadly parasite is also limiting supplies. Still, meat companies have benefited from a broader protein craze among consumers, which is only seen accelerating after the US’s new dietary guidelines flipped the food pyramid to prioritize protein. Record retail beef prices...

內地春運展開，一連40日，首日有約1.8億人次。有民眾避開高峰提早回鄉。廣州白雲機場預計首天，服務逾1600架次航班。工作人員更悉心裝扮，增加節日氣氛。 在廣州白雲機場，有旅客排隊辦理登機手續，安檢人員換上漢服、化身「捕快」，亦有民族舞蹈表演，營造春節氣氛。 廣州市民李小姐表示：「我們提前很多就搶(機票)，提前就規劃了，玩一個星期，主要帶老人小孩去北京參觀一下，之後再回家，熱熱鬧鬧過新年。」 成都市民夏小姐指出：「機票還好，除了越後買越貴之外，沒有其他問題，我們坐高鐵可能要七至九個小時，太久了，飛機可能兩個半小時，孩子肯定坐不了那麼久，昨天放假、今天就回去，放假就陪一下父母，因為長年在廣州比較多一點。」 上海市民鄭小姐說：「能買票的第一刻就買吧，希望第一時間能回家，感覺(人流)還沒到那個高點，一路上都順利，就是路上開始有點堵車。」 根據中國民航局預測，今年民航春運旅客運量達9,500萬人次，有望創歷史新高，平均每天處理近兩萬航班。白雲機場預計，年廿三至年廿八，以及初三至初十三是客流高峰期，最多可達29萬人次。 白雲機場運行控制中心副主任馮雨佳稱：「我們在春運期間加開了相關服務通道，重點針對晚到旅客或其他特殊服務旅客，我們會有工作人員即時指引旅客前往相關通道，快速辦理安檢手續。」 機場客運大樓亦設有花市，讓旅客選購心儀花束，不過如要將大盆栽捧上飛機，可能就要自己想想辦法。

2026年春节临近，AI红包战打得热火朝天：百度发5亿红包，阿里砸出30亿“请客计划”，腾讯元宝投入10亿打造AI社交场景，字节则将豆包送上春晚主舞台。 热闹背后，是平台之间一次罕见的“正面对撞”：谁能抢下用户“第一次用AI”的场景，就可能赢得AI时代的超级入口。 十年前，微信靠红包大战绑定用户、改写支付格局。今天，大模型技术催生的新一代AI应用也在寻找类似的破局点。但问题是，红包能让人进来，谁又能留下他们？ “AI时代的微信”，靠的不是砸钱，而是能否成为用户每天都会打开、用得上、用得顺的刚需工具。这场战役，才刚刚开始。 01 为什么都要在春节期间砸钱？ 每年春节，都是一场互联网流量争夺战。而今年这场仗，比往年来得更早、更猛，也更“烧脑”。 1月25日，百度率先出招，宣布旗下AI应用“文心一言”将于1月26日启动春节红包活动，用户可参与瓜分5亿元现金红包，单个红包最高金额达1万元，并在北京电视台春晚中上线多种AI互动玩法。 2月1日，腾讯跟进推出“元宝春节红包”，上线即宣布投入10亿元补贴，单个红包金额同样可达万元，并同步上线AI社交功能“元宝派”，用户可创建AI群聊，通过邀请微信、QQ好友加入，实现AI二创、问答互动等功能。 2月2日，阿里千问App宣布将启动“春节请客计划”，投入金额高达30亿元，并将于2月6日正式上线。活动覆盖淘宝、飞猪、盒马、大麦、天猫超市、支付宝等阿里系多个平台，以“免单”形式请全国人民吃喝玩乐。同时，千问还官宣成为江苏卫视春晚赞助方。 字节跳动方面，旗下云和AI技术平台火山引擎拿到了2026年中央电视台春节联欢晚会独家AI云合作伙伴，“豆包”将嵌入晚会互动环节，承担部分AI互动玩法。尽管豆包尚未上线明确的春节推广计划，但其“春晚主舞台的曝光资源”已占据C位。 短短一周时间，四大平台集中出招，直接把春节红包这场仗打成了AI产品的“首秀战”。据公开数据统计，腾讯、阿里、百度三家的补贴总额已超过45亿元，这还不包括字节春晚合作所需的大额预算和豆包的配套资源倾斜。 看起来是在砸钱抢热度，实际上是在抢一个关键位置：谁能在这个春节，把“第一次用AI”的机会，植入自家App中。 为什么是春节？因为这是中国互联网用户流动最密集、行为最容易迁移的时间节点。十年前，微信正是靠春节红包大战一战成名，把用户牢牢绑定在微信支付上；如今，各家AI应用试图复刻这条路径...

Last week, a district judge in San Francisco, California, presided over a three-day trial brought by west coast fishers and conservationists against US tyre companies. The fishers allege that a chemical additive used in tyres is polluting rivers and waterways, killing coho salmon and other fish. If successful, the case could have implications far beyond the United States. How did the case come about? The case was initiated after the apparent solving of a decades-old mystery: what was causing mass deaths of endangered coho salmon in the Pacific north-west as they returned to streams to spawn. The deaths happened after heavy rain. Before dying, the fish would exhibit unusual behaviour, swimming in circles, their mouths gaping, as if gasping for air. Scientists, suspecting storm runoff, described the phenomenon as “urban runoff mortality syndrome”. It took years for scientists from Washington State University to pinpoint what they now allege is the chemical culprit. In 2020, they published a study in Science that claimed to solve the mystery: they found a toxic substance in leachate from car tyres that killed the fish. Known as 6PPD-quinone or 6PPD-q, it is an oxidation product from 6PPD, a chemical added to car tyres to prevent them breaking down. This transformed chemical, 6PPD-q, leaches into rivers and creeks with, scientists say, devastating results for the protected and endangered species. Who brought the case and why? The case was brought by the Institute for Fisheries Resources (IFR) and the Pacific Coast Federation of Fishermen’s Associations (PCFFA) represented by environmental group, Earthjustice, after a slew of scientific studies linking mass deaths of coho salmon and harms to other salmon with a chemical tyre additive, 6PPD. The fishers say they depend on the health of salmon populations for their livelihood. Glen Spain, general legal counsel and northwest regional director of the IFR and the PCFFA, said: “The use of 6PPD in tyres has been shown to harm v...

Last week we saw a plethora of important earnings results and increased market volatility. This wee should be another busy one with a lot of important companies due to report. This week we have Amazon (AMZN), Palantir (PLTR), Advanced Micro Devices (AMD), Alphabet (GOOGL), PayPal (PYPL), Pfizer (PFE), Uber Technologies (UBER), Disney (DIS) and Merck (MRK) all reporting in what shapes as a busy and pivotal week for stocks. Before a company reports earnings, implied volatility is usually high because the market is unsure about the outcome of the report. Speculators and hedgers create huge demand for the company’s options which increases the implied volatility, and therefore, the price of options. After the earnings announcement, implied volatility usually drops back down to normal levels. Let’s take a look at the expected range for these stocks. To calculate the expected range, look up the option chain and add together the price of the at-the-money put option and the at-the-money call option. Use the first expiry date after the earnings date. While this approach is not as accurate as a detailed calculation, it does serve as a reasonably accurate estimate. Monday PLTR – 10.4% DIS – 6.3% Tuesday AMD – 8.8% PYPL – 8.4% PFE – 3.3% PEP – 3.9% MRK – 4.7% CMG – 9.7% Wednesday GOOGL – 6.2% LLY – 6.5% NVO – 7.8% UBER – 7.2% QCOM – 6.5% ARM – 9.2% BSX – 5.0% ABBV – 4.5% Thursday AMZN – 7.5% MSTR – 8.7% RBLX – 15.6% B – 8.5% COP – 4.1% BMY – 4.5% FTNT – 10.1% Friday Nothing of note Option traders can use these expected moves to structure trades. Bearish traders can look at selling bear call spreads outside the expected range. Bullish traders can sell bull put spreads outside the expected range, or look at naked puts for those with a higher risk tolerance. Neutral traders can look at iron condors. When trading iron condors over earnings, it is best to keep the short strikes outside the expected range. When trading options over earnings, it is best to stick to risk defined strateg...

SPRINGDALE, Ark., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, reported the following results: (in millions, except per share data) First Quarter 2026 2025 Sales $ 14,313 $ 13,623 Operating Income $ 302 $ 580 Adjusted1 Operating Income (non-GAAP) $ 572 $ 659 Net Income Per Share Attributable to Tyson $ 0.24 $ 1.01 Adjusted1 Net Income Per Share Attributable to Tyson (non-GAAP) $ 0.97 $ 1.14 1 The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). As used in this table and throughout this earnings release, adjusted operating income (loss), adjusted net income per share attributable to Tyson (Adjusted EPS), segment operating income (loss), as adjusted, corporate expenses, as adjusted and amortization, as adjusted, are non-GAAP financial measures. Refer to the end of this release for an explanation and reconciliation of these and other non-GAAP financial measures used in this release to comparable GAAP measures. First Quarter Highlights Sales of $14,313 million, up 5.1% from prior yea r; Sales up 6.2% excluding impact of $150 million increase in legal contingency accruals, which was recognized as a reduction to Sales GAAP operating income of $302 million, down 48% from prior year Adjusted operating income of $572 million, down 13% from prior year GAAP EPS of $0.24, down 76% from prior year Adjusted EPS of $0.97, down 15% from prior year Total Company GAAP operating margin of 2.1% Total Company adjusted operating margin (non-GAAP) of 4.0% Liquidity of $4.5 billion as of December 27, 2025 Cash provided by operating activities of $942 million, down $89 million from prior year Free cash flow (non-GAAP) of $690 million, down $70 million from prior year Reduced total debt $468 million "Our first quarter result...

For years, one credit-ratings firm has handed out the most favorable grades to corporate borrowers in the Canadian bond market: Morningstar DBRS. On average, its ratings are one full notch higher than those assigned by S&P Global Ratings, Moody’s Ratings and Fitch Ratings. So when companies, eager to cut costs, suddenly started issuing a raft of bonds with only a single credit rating — instead of the two or three that had long been the norm — the firm they tapped, time and again, to assign them was DBRS. There were 111 such deals in 2025, more than the total from the previous two years combined, and several more in January. DBRS handled more than 80% of them, data compiled by Bloomberg show. The surge in single-rated sales helped DBRS deepen its dominance in Canada and rake in revenue for its credit division, an area that that’s become the fastest-growing business line for its parent company, Morningstar Inc. But as the Canadian bond market heats up and cash-flush investors take on more and more risk — including by buying bonds that don’t provide at least two independent ratings — the practice is also raising concern that DBRS is helping fan a credit boom that could lead to excesses and losses down the road. These are similar to the worries that have emerged in frothy credit markets across the globe and triggered warnings from regulators and investors about the revival of the kind of ratings shopping — where borrowers hire the raters with the rosiest outlooks — that helped spark so many painful blowups before. Pimco’s Ivascyn Warns of a ‘Dangerous’ Credit-Ratings Dynamic Private Credit Ratings Face Fresh Scrutiny From Global Watchdogs Pension Fund Slams Private Market Ratings After €1 Billion Loss “One way to win business is just to give better ratings,” says Bill Harrington , a senior fellow with the nonprofit Croatan Institute in New York who analyzes credit ratings on swaps and securitized loans. Upon looking at the Canadian credit ratings data, Harrington, who s...

Tekmerion Capital Management is spinning out its macro hedge fund from Brevan Howard Asset Management with commitments of more than $1 billion, including continued support from initial backers Michael Novogratz and Alan Howard . The investment firm, led by Zachary Squire and Reed Morrissey , will relaunch the fund later this year, a spokesperson said. The spinout is also backed by multistrategy hedge fund Engineers Gate . “If you look at a world right now, it’s a macro chessboard,” said Novogratz, head of Galaxy Digital Inc. and an investor in Tekmerion since its launch in 2017. Systematic macro traders like Tekmerion “that catch big paradigm shifts without the same emotion discretionary traders have are well positioned,” he said. Howard, best known as Brevan Howard’s billionaire co-founder, has also been an investor since 2017 and will continue to be one following the spinout, according to people familiar with his plans who asked not to be named. The move reverses Tekmerion’s decision to go in-house at Brevan Howard after less than two years. Meanwhile, the $35 billion hedge fund firm is working on simplifying its structure, making its Master Fund the main vehicle through which its traders take macro risk. It recently decided to return capital from the fund run by its star trader Fash Golchin, who will instead focus on managing money exclusively for the firm’s flagship strategy, Bloomberg reported . Engineers Gate is coming in as a strategic partner to Tekmerion and will provide the firm with capital, infrastructure support and office space. Since its founding 12 years ago, Engineers Gate has evolved from a small collection of equity-oriented quantitative strategies into a diversified investment platform with more than $5 billion in assets. “Tekmerion’s data-driven, hybrid systematic approach makes it a natural fit for our portfolio,” Greg Eisner , chief executive officer of Engineers Gate, said in a statement. Squire and Morrissey previously managed a commodity tr...

For those seeking predictable, reliable income from their retirement portfolios, Vanguard offers three great high-yield ETFs that do the job. For the past three years, investors have been loading up on the S&P 500 (^GSPC 0.43%), tech stocks, and the "Magnificent Seven." High-yield equity strategies haven't gotten a whole lot of interest, especially when the artificial intelligence (AI) boom is producing huge returns in semiconductor and other AI-adjacent areas of the market. That has changed a bit as we kick off 2026. Tech has turned into only an average performer, while recent laggards, such as energy, materials, value, small-cap, and dividend stocks, have done very well. That's good news for income seekers and retirement investors, who have seen limited opportunities for outperformance lately but are suddenly looking at a more favorable environment now. Vanguard has a number of intriguing ETFs that could fill in the high-yield slot in a retirement portfolio. Currently offering yields of up to 4%, here are three that deserve a look. 1. Vanguard High Dividend Yield ETF The Vanguard High Dividend Yield ETF (VYM +0.32%) is one of the cornerstones of the Vanguard dividend ETF lineup. Its simple strategy of targeting above-average yields from a broad universe of stocks provides the kind of diversified portfolio that investors can buy and hold for retirement. Expand NYSEMKT : VYM Vanguard Whitehall Funds - Vanguard High Dividend Yield ETF Today's Change ( 0.32 %) $ 0.48 Current Price $ 149.96 Key Data Points Day's Range $ 148.41 - $ 150.10 52wk Range $ 112.05 - $ 150.50 Volume 316 One of the advantages of this fund is that it's market cap-weighted. Some similar funds will yield-weight their portfolios. While that increases the amount of income the ETF will produce, it also exposes investors to the risk that some of these high yields are vulnerable to cuts, or they're the product of price declines. This ETF doesn't do that, which means the yield may be slightly more conse...

Key Points Insiders sold stocks in January, with high-flyers like CoreWeave, Urban Outfitters, and Kratos Defense & Security the most heavily sold. Insider selling may limit near-term gains, but fundamentally bullish stories underpin price action. Early 2026 price pullbacks are opening buying opportunities for patient investors. Insiders rang in 2026 by selling shares of CoreWeave (NASDAQ: CRWV), Urban Outfitters (NASDAQ: URBN), and Kratos Defense & Security Solutions (NASDAQ: KTOS). Investors beware—the selling activity aligns with technical market tops, which capped gains in 2025 and will likely pressure markets in 2026. The silver lining is that each of these names has a bullish story underpinning its long-term price action. Near-term pressures, including insider selling, cap gains today, but price pullbacks present buying opportunities in these stocks. The question is how deep the pullbacks may go and what might put a bottom in their markets, leading to a rebound in stock prices. CoreWeave Insider Selling Pressures Weaken in Early 2026 CoreWeave is among the most-sold stocks by insiders in 2025, and the trend has continued into January 2026. InsiderTrades data reveals significant selling in Q3 and Q4 2025, followed by another, albeit smaller, dump in early Q1 2026. Insiders selling include the CEO, founders, and technology officers, all of whom have considerable exposure due to share-based compensation, early investments, and/or founder status. The risk to investors is that their activity aligns with a series of lower market tops, representing significant hurdles for the market. Each can be expected to trigger volatility as short-term owners take profits and long-term owners cut losses. On the side, market support is solid. CoreWeave’s institutional activity reveals that institutions, hedge funds, and private equity own about 50% of the shares and have bought on balance since the company's IPO. The balance in early 2026 is $10 bought for each $1 sold, providing ...

2026年初 ，章泽天带着个人播客 “小天章”低调 入驻小宇宙 、 小红书 平台 ，却意外因其首期与刘嘉玲对谈时被指 “ 接不住话 ” 、 “ 互动生硬 ” 而引发热议。 图源：小红书 这场围绕主持功力的讨论，其声量甚至一度盖过了节目内容本身，折射出播客行业的现状：如今的播客已不再是圈地自萌的私人花园，而是置身于大众审视下的流量新地。 在章泽天之前，罗永浩、陈鲁豫、于谦等知名人物也纷纷开设个人播客，他们的节目切片在社交网络上被广泛传播。 这股“名人潮”并非简单跟风，它像一个清晰的信号，标志着播客正彻底告别早期“发烧友俱乐部”或文艺青年专属的刻板标签，在平台的大力推动和名人流量的裹挟下，加速驶向大众日常娱乐与信息获取的广阔海域。 01 生态扩容：从“声音角落”到“视听战场” 前面提到，近一年不少名人纷纷跨界开设个人博客的风潮，常被视为行业兴起或是进入新阶段的信号。但若细察便会发现，名人的入场更像是一个“结果”而非“原因”。 真正推动这股“名人潮”的底层动力，是播客赖以生存的平台生态，经历了一场从边缘到中心、从单一到融合的深刻扩容与激烈竞争。这片曾经的“声音角落”，如今已演变为各大互联网平台重兵布局、短兵相接的“视听战场”。 要知道，过去的中文播客常带着“小而美”与“为爱发电”的标签，栖息于少数独立应用之中。然而，当声音的陪伴价值与深度连接能力被重新挖掘，尤其是其汇聚的高学历、高线城市、高消费意愿的优质用户群成为各方垂涎的“流量洼地”时，战局便彻底改变了。 根据《CPA中文播客白皮书2026》显示，2025年中文播客听众人数已突破1.5亿人，较2023年的1.2亿增长25%，2027年中文播客听众规模有望突破1.8亿；IMARC也预测，中国播客市场到2034年或将增长至30.48亿美元。 巨大的增长潜力让任何平台都无法忽视。于是，2025年的播客赛道风起云涌，喜马拉雅、B站、小红书等纷纷以视频播客概念开始布局。 例如，手握大量优质音频资源的喜马拉雅，正积极将播客“视频化”。其与太平洋产险联合打造的国内首档播客视频化节目《行走的思考》，以“行走”为线索，深入6位不同行业嘉宾的职业与生活。 图源：喜马拉雅 该视频播客上线48小时播放量突破33万，23天突破400万，50天即超过1000万。最后一期节目播出时，实现全网总曝光2.28亿、总播放量1870万。不仅实现了播放量与品...

在生成式 AI 时代，AI 正从底层重构生产力与商业逻辑，而 GEO 与智能体的深度应用，正成为企业实现增长的核心引擎。

格隆汇2月2日丨甲骨文股价盘前由跌转涨，此前一度下跌5%。

阿联酋王室与美国总统特朗普的儿子埃里克（前排左）签署协议，向特朗普家族企业世界自由金融注资数亿美元。这家公司的联合创始人之一是特朗普中东问题特使威特科夫的儿子扎克（前排右）。 （路透社档案照片） （旧金山综合讯）美国媒体披露，阿拉伯联合酋长国王室去年秘密与美国总统特朗普家族达成投资协议，花费数亿美元收购后者加密货币公司的近半股权。这笔交易在美国政坛开创先例，引发伦理专家和美国民主党人担忧。 《华尔街日报》上周六（1月31日）报道，这笔投资由阿联酋国家安全顾问塔农支持，特朗普儿子埃里克签署协议。 塔农是阿联酋总统穆罕默德的弟弟，并且掌管阿联酋最大的主权财富基金。他积极游说美国，以获取高度保密的人工智能晶片。 据报道，双方早在特朗普去年1月就职典礼之前就达成协议，阿联酋方面出资5亿美元（约6亿4000万新元），收购特朗普家族加密货币公司世界自由金融49%的股权。塔农的两名高级助手则加入这家公司的董事会。 另有至少3100万美元将流向特朗普中东问题特使威特科夫的家族关联实体。他是世界自由金融的联合创始人。 世界自由金融发言人上周日（2月1日）证实这笔投资。“我们达成这项交易，是因为坚信它对公司持续发展最为有利。” 这是首次有外国政府官员入股美国当选总统的公司，而特朗普当前正与阿联酋就外交政策进行磋商。 《纽约时报》报道，这笔交易模糊了政府与私营企业的界限。马萨诸塞州民主党参议员沃伦称之为“腐败行为”，批评特朗普家族、维特科夫及其商业伙伴“为谋取总统加密货币公司的利益，出卖美国国家安全”。

J.P. Morgan expects gold prices to reach $6,300/oz by end of 2026 Reuters

US equity futures drop as a continued slump in gold and silver hits stocks. Oil declines as the US and Iran signal hopes for deescalating tensions. Oracle announces plans to raise as much as $50 billion this year to build additional cloud infrastructure capacity. Dtek CEO Maxim Timchenko says a drone strike that killed more than a dozen civilian mine workers in central Ukraine on Sunday was part of a large-scale Russian attack on the company's facilities. Ella Gude of BNY Investments Newton discusses the potential risks around a Kevin Warsh-led Fed. (Source: Bloomberg)