(RTTNews) - The Japanese stock market has moved lower in back-to-back sessions, surrendering more than 700 points or 1.6 percent along the way. The Nikkei 225 now sits just beneath the 45,050-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with support from technology shares likely offset by weakness from the oil companies. The European and U.S. markets saw mild upside and the Asian bourses are expected to open in similar fashion. The Nikkei finished modestly lower on Monday following losses from the financial shares, technology stocks and automobile producers. For the day, the index sank 311.24 points or 0.69 percent to finish at 45,043.75 after trading between 44,890.20 and 45,152.70. Among the actives, Nissan Motor surrendered 2.75 percent, while Mazda Motor plummeted 2.47 percent, Toyota Motor and Mizuho Financial both tumbled 1.86 percent, Honda Motor plunged 3.16 percent, Softbank Group rallied 1.14 percent, Mitsubishi UFJ Financial retreated 1.38 percent, Sumitomo Mitsui Financial skidded 1.68 percent, Mitsubishi Electric slumped 1.27 percent, Sony Group added 0.59 percent, Panasonic Holdings tanked 2.52 percent and Hitachi perked 0.05 percent. The lead from Wall Street is mildly positive as the major averages opened mixed on Monday but eventually managed to finish with modest gains. The Dow added 68.78 points or 0.15 percent to finish at 46,316.07, while the NASDAQ gained 107.09 points or 0.48 percent to end at 22,591.15 and the S&P 500 rose 17.51 points or 0.26 percent to close at 6,661.21 percent. The upswing on Wall Street reflected strength among technology stocks, with AI darling and market leader Nvidia (NVDA) jumping 2.1 percent and video game maker Electronic Arts (EA) surging 4.5 percent. However, traders seemed reluctant to make more significant moves amid concerns about a potential U.S. government shutdown ahead of a deadline later today. Traders were also looking ahea...

Artificial intelligence (AI) is developing at a breathtaking pace, disrupting almost every sector and having a significant impact on the job market. The adoption of the technology is not only reducing the number of lower-paid jobs but also hitting graduates. There is a need to adapt and embrace the new reality. Job vacancies plunged to a five-year low last year, falling to less than half the number recorded in 2021, according to the Joint Institution Job Information System, an online platform shared by universities. Data revealed 23 out of 33 job categories dropped to a six-year low. Sectors strongly associated with AI, such as IT and programming, customer services and clerical work, were among those with few job openings. Competition is intensifying, with the average number of applications received for each position soaring. Advertisement AI is not only contributing to fewer vacancies, it is also disrupting the traditional paths for graduates to find a job and develop their career. The environment is challenging, but the response cannot simply be to blame AI for the problem. Graduates must find a way to make themselves appealing to employers in the era of AI. This requires them to deepen their knowledge of AI and secure the ability to make the best use of it, keeping pace with developments. There is also a need to cultivate contacts and develop skills that AI cannot easily replicate, such as communicating well and exercising sound judgment. There is no room for complacency. Advertisement The responsibility to react and adapt lies not only with jobseekers. The government, education sector, businesses and the wider community must all play their part. Financial Secretary Paul Chan Mo-po unveiled a comprehensive AI+ strategy in his budget, including measures to boost digital literacy. Universities are introducing courses to better prepare their students for the new environment. This process needs to be accelerated and involve a multidisciplinary approach.

More than a year after an upstart coalition of activist investors attempted to wrest control of Korea Zinc Co. from its chairman, shareholders will vote on his fate Tuesday. Chairman Yun B. Choi ’s bid for re-election to the board has faced last-minute setbacks after South Korea’s powerful National Pension Service abstained and the California Public Employees’ Retirement System, the largest US public pension fund, opted to vote against him. The decisions are raising the stakes for Tuesday’s annual general meeting, turning a boardroom power struggle into a broader test of activist influence and investors’ ability to challenge Korea’s traditionally management-friendly culture. While Choi’s side holds a majority on the board, his fate will be decided by minority investors. If the activist alliance led by MBK Partners Ltd . and Young Poong Corp. — which together control more than 41% of the company’s voting stake, according to Yonhap — prevails, it would mark a rare shift of power for shareholders in Korea. “From a corporate governance perspective, there are big questions about the current management,” said Namuh Rhee, chair at the Korean Corporate Governance Forum. “It is a tight contest, and the key issue is whether shareholder and investor protections are being properly upheld.” The episode dates back to September 2024, when MBK and Young Poong launched a hostile takeover attempt, arguing that executives had violated their fiduciary duties and saddled the company with debt to bolster Choi’s control. While the bid drew intense investor scrutiny, the pair failed to topple Choi. With a 5.2% stake, the NPS — currently the fourth biggest holder — is a key swing voter. Its decision not to back Choi — while also opposing some audit committee nominees — is being interpreted differently by the two camps. MBK and Young Poong called it a “de facto negative assessment” of Choi’s leadership, while Korea Zinc described it as a “balanced and neutral” stance. The pension fund cited ...

近日，日本首相高市早苗访美，这场卖力迎合美方的外交秀，遭到日本舆论普遍批评。日本有识之士指出，高市政权罔顾经济民生，不断推动修宪、增加防卫费以及扩大武器出口，并为了所谓“强化威慑”而“献媚美国”，这是“完全错误的道路”。用炒作外部地缘风险掩盖国内经济困境，不过是一场政治障眼法，更暴露出日本政府在宏观经济治理上的束手无策。 高市早苗上台后推行“高市经济学”的激进路线，打着所谓“负责任的积极财政政策”旗号，迷信大规模财政支出和超宽松货币政策，妄图通过大企业的“涓滴效应”来挽回经济颓势。然而，在少子老龄化导致劳动力缺口成为常态、税收基础持续萎缩的现实面前，这种寅吃卯粮的做法，已致使日本国债余额占GDP的比重突破260%的高危警戒线，对此日本主流舆论纷纷表达强烈担忧，批评高市“极不负责”。日本央行前行长黑田东彦指出，在当前面临通胀和日元贬值的困境下，如果持续执行宽松的财政和货币政策，日本的通胀将进一步恶化。如今，受地缘政治和中东局势影响，日本正承受“石油溢价”与日元贬值的双重夹击，冲击正从能源领域向民众生活的多个层面加速传导。 日本经济复苏本就艰难，高市却执意走黩武冒险之路，进一步加重国民负担。高市政权极力推动修宪扩军与军事松绑，不仅是一场地缘政治冒险，更是一条妄图复活军国主义、重走“以军需促景气”老路的危险经济战略。 高市早苗所代表的右翼势力，以制造对抗风险为大幅增加防卫费铺路，用安全焦虑为产业政策转向背书，试图借“防卫”之名，为关键领域“输血”。日本军工企业与政府之间长期存在紧密的利益输送，巨额防卫订单被定向输送至国内财阀。仅2023年，三菱重工便从日本政府手中获得价值高达1.68万亿日元的订单。防卫省高官退休后频频进入三菱重工、川崎重工等企业担任特别顾问或董事，利用对武器采购内部规则的掌握，帮助企业拿下丰厚项目。 高市早苗上台后，将防卫开支占GDP2%的目标提前至2025财年内达成。2025年底，日本政府批准的2026财年预算案中，防卫费超过9万亿日元，实现14连增。通过不断扩大防卫预算，官僚体系与防务产业之间的利益绑定进一步固化。高市政权还计划松绑武器出口，试图让日本通过武器出口获利。长期以来，受“和平宪法”限制，日本大型企业的防卫业务只能依赖国内订单。为此，高市政权积极谋求取消对杀伤性武器的出口限制，计划全面解禁防卫装备出口，妄图让军工产业成为日本经济的“摇钱树”...

AAPL Stock Today: Morgan Stanley call, foldable iPhone buzz — March 24 Meyka

2025年，中國車企全球銷量近2,700萬輛，首次超越日本，成功躍居世界第一，打破日本25年來壟斷局面。其中比亞迪等六家中國車企躋身全球二十強。日本學者相信標誌全球汽車影響力版圖開始重構。 ▍ 日本專家：日本需調整全球戰略 新華社引述日本經濟新聞報道，日本車企2025年全球累計銷量降至約2,500萬輛，是2000年以來首次失落榜首。而中國車企去年全球累計銷量接近2,700萬輛，成功登頂。在全球銷量前20名的車企排行榜中，中國佔據了6席，比日本還多出一家。其中比亞迪表現最為搶眼，不僅在純電動汽車領域，超越美國電動車生產商Tesla特斯拉，成為全球第一，整體銷量更是超過福特，位居全球第六位。吉利同樣交出亮眼成績表，銷量超越本田，位列第八。奇瑞、長安、上汽、長城也榜上有名。 日本汽車問題專家湯進指出，中國車企總銷量超越日本，並非簡單的排名變化，標誌全球汽車影響力版圖開始重構。他認為，中國汽車的快速崛起，源於先進技術、成本優勢和研發速度等多方面的綜合實力。日本需要對汽車產業電動化和全球戰略等進行調整。 ▍ 多種優勢疊加迎來厚積薄發 每日經濟新聞報道，回望中國汽車產業的發展歷程，從上世紀九十年代「市場換技術」的艱難探索，到新能源時代的彎道超車，數十年的深耕終迎來厚積薄發。這一成就的背後，是多種優勢疊加的結果。中國擁有完整的工業門類和覆蓋上下游的汽車產業鏈，從核心零部件到整車製造的全環節配套能力，大幅降低了生產成本。同時，作為全球最大的單一汽車市場，中國消費者對新技術、新產品的接受度高，為車企創新提供了絕佳的試驗場。 民營車企的活力同樣不可或缺。比亞迪、吉利、長城等頭部民企，加上「蔚小理」、小米、零跑等造車新勢力，既是電動化轉型的主力軍，也是出海的先鋒隊。比亞迪的產品已覆蓋全球112個國家和地區，2025年海外銷量再創新高。同時在巴西、泰國等地布局生產基地；吉利通過海外建廠和品牌合作持續拓展版圖；奇瑞則常年穩坐中國品牌汽車出口榜首。 國家的產業政策也功不可沒。從2012年到2035年，兩份新能源汽車產業發展規劃相繼出台，配合技術攻關、購置補貼、充電樁建設等一系列措施，為產業發展提供了堅實支撐。 ▍ 品牌溢價低等問題亟待解決 每日經濟新聞指出，從「銷量冠軍」到真正的「品牌冠軍」和「技術冠軍」，中國車企仍面臨諸多深層問題待解決。 一．品牌溢價偏低、利潤率偏低問題突出。一些自主品牌的...

2025年，中國車企全球銷量近2,700萬輛，首次超越日本，成功躍居世界第一，打破日本25年來壟斷局面。其中比亞迪等六家中國車企躋身全球二十強。日本學者相信標誌全球汽車影響力版圖開始重構。 ▍ 日本專家：日本需調整全球戰略 新華社引述日本經濟新聞報道，日本車企2025年全球累計銷量降至約2,500萬輛，是2000年以來首次失落榜首。而中國車企去年全球累計銷量接近2,700萬輛，成功登頂。在全球銷量前20名的車企排行榜中，中國佔據了6席，比日本還多出一家。其中比亞迪表現最為搶眼，不僅在純電動汽車領域，超越美國電動車生產商Tesla特斯拉，成為全球第一，整體銷量更是超過福特，位居全球第六位。吉利同樣交出亮眼成績表，銷量超越本田，位列第八。奇瑞、長安、上汽、長城也榜上有名。 日本汽車問題專家湯進指出，中國車企總銷量超越日本，並非簡單的排名變化，標誌全球汽車影響力版圖開始重構。他認為，中國汽車的快速崛起，源於先進技術、成本優勢和研發速度等多方面的綜合實力。日本需要對汽車產業電動化和全球戰略等進行調整。 ▍ 多種優勢疊加迎來厚積薄發 每日經濟新聞報道，回望中國汽車產業的發展歷程，從上世紀九十年代「市場換技術」的艱難探索，到新能源時代的彎道超車，數十年的深耕終迎來厚積薄發。這一成就的背後，是多種優勢疊加的結果。中國擁有完整的工業門類和覆蓋上下游的汽車產業鏈，從核心零部件到整車製造的全環節配套能力，大幅降低了生產成本。同時，作為全球最大的單一汽車市場，中國消費者對新技術、新產品的接受度高，為車企創新提供了絕佳的試驗場。 民營車企的活力同樣不可或缺。比亞迪、吉利、長城等頭部民企，加上「蔚小理」、小米、零跑等造車新勢力，既是電動化轉型的主力軍，也是出海的先鋒隊。比亞迪的產品已覆蓋全球112個國家和地區，2025年海外銷量再創新高。同時在巴西、泰國等地布局生產基地；吉利通過海外建廠和品牌合作持續拓展版圖；奇瑞則常年穩坐中國品牌汽車出口榜首。 國家的產業政策也功不可沒。從2012年到2035年，兩份新能源汽車產業發展規劃相繼出台，配合技術攻關、購置補貼、充電樁建設等一系列措施，為產業發展提供了堅實支撐。 ▍ 品牌溢價低等問題亟待解決 每日經濟新聞指出，從「銷量冠軍」到真正的「品牌冠軍」和「技術冠軍」，中國車企仍面臨諸多深層問題待解決。 一．品牌溢價偏低、利潤率偏低問題突出。一些自主品牌的...

美股三大指数均收涨超1%，创六周最大单日涨幅，航司、旅游和邮轮股大涨；原油收跌超10%；美债和加密货币盘中拉升；现货黄金九连跌。 特朗普称过去两天同伊朗对话“富有成效”，对话已形成协议要点，推迟五天打击伊发电厂和能源基础设施，正就达成更广泛协议与伊磋商。 美媒称多国正协调美伊双方本周在伊斯兰堡会谈；伊朗否认议长与美国谈判，指假消息为暗杀创造条件，称美曾试图通过中间方谈、伊未回应。 伊朗军方称已对霍尔木兹海峡实施有效控制，无需在波斯湾布雷；若岛屿遭攻击将立即布雷。 美能源部长称将可能再次释放战略石油储备，但可能性很低。报道：日本考虑干预原油期货，中东危机持续推高成本。日本石油协会：需进行第二次石油储备释放，规模比照首批8000万桶。 澳大利亚最大氨工厂停产两月，全球化肥市场再遭冲击。伊朗重创卡塔尔氦气出口，全球芯片生产面临危机。 美联储理事米兰：地缘冲击尚不足以改变年内四次降息预判。芝加哥联储主席：可能会出现需加息的情况。 中国发改委对国内成品油价格采取临时调控措施，调控前汽、柴油价格分别上调2205元和2120元/吨，调控后上调1160元和1115元。 药明康德2025年净利润暴增105.2%，预计2026年收入增长18%–22%，美国市场强劲。 三花智控2025年营收同比增长11%，净利增逾31%，新能源车业务拉动利润高速增长。 Robotaxi车队翻倍，文远知行2025年营收同比大增89.6%，净亏损收窄34.2%。 老铺黄金2025年营收、净利双双大增超200%，每股派息11.95元。

格隆汇3月24日｜澳大利亚S&P/ASX200指数开盘上涨119.60点，涨幅1.43%，报8485.50点。

蔡崇信认为，智能体本质上就是虚拟的白领员工 【财新网】 “OpenClaw出来之后，我的同事开发了四个智能体：第一个负责不间断抓取科技新闻，第二个负责提炼趋势与核心观点，第三个主攻内容的创意写作，最后一个则负责挑战观点并审校重写。这四个智能体就是四个虚拟员工，造就一个‘网红科技博主’。”3月23日西门子RXD大会（Real Meets Digital）上，阿里巴巴集团主席蔡崇信与西门子股份公司董事会主席、总裁兼首席执行官博乐仁（Roland Busch）对谈时说。 蔡崇信指出，在过去数月里，大语言模型正从单纯储备知识的“百科全书”，演化为具备逻辑推理、自主规划和长效记忆能力，甚至能够独立处理完整任务的智能体。

麦格理全球能源策略师Vikas Dwivedi及其团队在报告中称，在今日有关紧张局势可能缓和的消息公布后，布伦特油价的底部在每桶85至90美元；在霍尔木兹海峡恢复通行之前，油价可能回升至110美元附近。 若霍尔木兹海峡持续关闭，布伦特油价到4月底仍可能升至每桶150美元，而成品油价格预计将较战前水平高出200%。 预计经由该海峡运输的石油总量为每日150万桶，远低于每日1500万桶的正常水平，意味着存在每日1350万桶的供应缺口。 报告指出，应对供应损失的六项措施包括： 释放战略石油储备； 来自海上及陆上大型项目的全球装运量增加，今年日增50万桶； OPEC释放储存在该区域外的石油； 通过管道改道运输，例如沙特东西管道； 因原油供应不足而削减炼厂开工，模型测算为每日350万桶； 从浮式储存中释放最多7500万桶原油。 责任编辑：王永生

周一，就在特朗普在Truth Social上表示放弃轰炸伊朗能源基础设施后仅几分钟，油价暴跌超过13%，美国国债收益率大幅下行，美股盘前大涨。 尽管不到一小时后，伊朗方面否认了特朗普关于谈判正在进行的说法，但这没有扭转周一市场的大体走势。分析指出，之所以市场表现如此，是因为在华尔街看来，传递出的信号非常明确： 至少特朗普本人正急于结束这场由他在三周多前开启、并将全球经济推向危机边缘的战争。 有分析人士称，如果未来7到10天内无法解决问题，我们可能会看到类似疫情时期的全球经济停摆。今天的表态说明，特朗普意识到实体经济可能面临“悬崖式下跌”的风险。 特朗普的举动引发了一波持续约五分钟的剧烈反弹，也为自美以对伊朗开战以来华尔街最动荡的交易日画上注脚。这一幕也让人想起去年4月，当时特朗普发动“美国对抗全球”的关税，将全球金融市场推至边缘，随后又迅速转向。 媒体援引知情人士称，与当时类似，特朗普此次表态部分也是为了安抚因市场动荡而不安的投资者，避免在新一周开始时出现新一轮剧烈抛售。 周一美股开盘后，标普500指数一度上涨2.2%、为5月以来最大涨幅，两年期美债收益率一度较高点狂泻22个基点至3.79%，布伦特原油暴跌、跌破每桶100美元，美元走弱，欧洲股债市场也由跌转涨并收高。 然而，在表面之下，市场仍对特朗普能否轻易结束冲突存疑。随着这种情绪蔓延，各类资产的早盘涨幅逐渐回吐。投资者普遍怀疑，特朗普周一的表态更多只是短期稳定市场的举措。到周一美股收盘时，标普500涨幅已收窄至约1.2%，美债市场的涨势也有所回落。 上述市场走势也凸显出，仅靠口头安抚难以说服那些已在为中东长期动荡做准备的投资者。一些人担心，这已经不再完全由特朗普决定了，不像关税那样可以随时叫停，那些因为他对市场反应敏感而感到安心的人，可能判断失误。 在特朗普重返白宫的第一年，交易员逐渐形成一种预期：一旦政策引发市场大跌，他往往会迅速转向。这一现象被称为“TACO交易”（特朗普总会退缩），也助长了“逢低买入”的交易心态——无论是贸易战威胁、提出接管格陵兰，还是抨击美联储。 但对伊朗的战争削弱了这种信念。过去几周，冲突持续升级：特朗普时而宣称胜利在望，时而指责盟友未提供支持；伊朗方面依然稳固，通过封锁霍尔木兹海峡，伊朗切断了全球关键能源供应。 中东冲突的影响在上周愈发明显。能源价格飙升带来新的通胀冲击，交易员开始押...

What happened According to a Securities and Exchange Commission (SEC) filing dated Feb. 17, 2026, RPD Fund Management LLC increased its holdings in ZoomInfo Technologies (GTM +4.65%) by 1,564,102 shares during the fourth quarter of 2025. The estimated transaction value, based on the quarter’s mean unadjusted closing price, was $16.10 million. The fund's GTM position ended the quarter at 9,628,318 shares, valued at $97.92 million. The net change in position value for the quarter was $9.94 million, reflecting both trading and stock price movements. What else to know RPD Fund Management increased its stake in GTM, which now makes up 42.45% of the fund’s 13F reportable assets. Top holdings after the filing: Nice : $100.15 million (43.5% of AUM) Appian : $98.06 million (42.5% of AUM) ZoomInfo Technologies: $97.92 million (42.5% of AUM) Domo : $30.55 million (13.3% of AUM) Abercrombie & Fitch : $1.11 million (0.35%) As of March 19, 2026, shares of GTM were priced at $5.94, down 43.3% over the past year and underperforming the S&P 500 by 61 percentage points. Company overview Metric Value Price (as of market close March 19, 2026) $5.94 Market capitalization $1.81 billion Revenue (TTM) $1.25 billion Net income (TTM) $124.20 million Company snapshot ZoomInfo: Offers a suite of cloud-based go-to-market intelligence and engagement products, including ZoomInfo Copilot, Sales, Marketing, Operations, Talent, and Lite, designed to support sales, marketing, operations, and recruiting professionals. Delivers a proprietary platform providing organizational and professional data, predictive analytics, and workflow automation tools. Serves a diversified client base spanning enterprises, mid-market, and small businesses across industries such as software, business services, manufacturing, telecommunications, finance, media, transportation, education, hospitality, and real estate. ZoomInfo Technologies operates at scale as a leading provider of go-to-market intelligence solutions, levera...

格隆汇3月24日｜据CNBC，OpenAI在投资者文件中将依赖微软称作风险。

格隆汇3月24日｜据证券日报，邮储银行旗下中邮金融资产投资有限公司（简称“中邮投资”）于3月20日正式获批开业，这标志着第六家国有大行金融资产投资公司（AIC）完成落地，国有六大行已全面“集齐”AIC牌照。加上兴业银行、招商银行、中信银行3家股份制银行AIC于2025年末相继挂牌开业，银行系AIC总数扩至9家，其中国有大行6家、股份制银行3家。

华见早安之声 请各位听众升级为见闻最新版APP，以便成功收听以下音频。 市场概述 特朗普称美伊对话有成效、决定暂缓打击伊朗能源设施 ， 美股大反弹 ， 三大股指 盘中均曾涨超2%， 收盘均涨超1%、创逾六周来最大涨幅 ；特斯拉涨3.5%，领涨科技七巨头，英伟达涨近2%、扭转四连跌；芯片指数反弹超1%，但博通和美光跌超4%；报道称五角大楼将用其系统作为核心军事AI平台后，Palantir涨近7%； 航空公司、旅游出行和邮轮类股大涨 ，皇家加勒比邮轮涨近6%，美联航涨超4%，Airbnb涨超3%，希尔顿涨近3%。 特朗普称推迟打击伊朗， 美债 价格 盘中拉升 ，盘中曾创八个月新高的十年期美债收益率跳水超10个基点，两年期美债收益率一度较日高降逾20个基点；美元指数盘中转跌至逾一周低位，离岸人民币盘中失守6.91至两周低位、后一度反弹超400点； 加密货币 盘中 拉涨 ，比特币重上7万美元，一度冲向7.2万美元、较日低涨超6%； 原油跳水 、 收跌超10% ，布油一周多来首次收盘跌破100美元关口。 期金盘中跌逾10%， 现货黄金九连跌 ，现货白银盘中跌10%后转涨、一度涨超4%。伦铜反弹2%，和伦锡扭转四连跌，伦铝三连跌至三周低位。 亚洲时段，沪指跌3.6%、险守3800点，全市场超5100股下跌，黄金股集体暴跌，恒指跌超3%，科网股普跌。 要闻 中国 发改委 对国内成品油价格采取临时调控措施 ，调控前汽、柴油价格分别上调2205元和2120元/吨，调控后上调1160元和1115元。 药明康德 2025年净利润暴增105.2% ， 预计2026年收入增长18%–22% ，美国市场强劲。 三花智控 2025年营收同比增长11%， 净利增逾31% ， 新能源车业务拉动 利润高速增长。 Robotaxi车队翻倍 ， 文远知行 2025年营收同比大增89.6% ，净亏损收窄34.2%。 老铺黄金 2025年营收、净利双双大增超200% ，每股派息11.95元。 海外 特朗普 ： 过去两天同伊朗对话“富有成效” ，对话已形成协议要点， 推迟五天打击伊 发电厂和 能源基础设施 ，正就达成更广泛协议与伊磋商；白宫称不会确认本周是否与伊方谈判；报道称 美政府考虑将伊议长作为潜在谈判对象 。 美媒称 多国 正协调美伊双方本周在伊斯兰堡会谈 ； 伊朗 否认议长与美国谈判 ，指假消息为暗杀创...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Elon Musk is reportedly planning a large scale semiconductor fabrication project called Terafab that could require extensive access to leading edge lithography tools. Microsoft backed startup Lace is developing helium atom beam lithography, targeting chip features smaller than those produced by current equipment. These developments arrive at a time when ASML Holding (ENXTAM:ASML) maintains a central role in advanced chip manufacturing through its EUV systems. For investors tracking ENXTAM:ASML, this news arrives while the stock trades around €1,175.4 and has logged a 19.2% return year to date and 75.8% over the past year. Those figures highlight how closely the market currently links ASML to the most advanced end of chip production. Terafab could translate into incremental equipment demand if it moves from plan to build out. At the same time, Lace's helium atom beam approach introduces a potential long term alternative to current lithography methods. Readers may wish to consider both the near term opportunity from additional tool demand and the longer term question of how quickly, if at all, new technologies might reach commercial scale alongside EUV. Stay updated on the most important news stories for ASML Holding by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on ASML Holding. ENXTAM:ASML Earnings & Revenue Growth as at Mar 2026 2 things going right for ASML Holding that this headline doesn't cover. For ASML, Musk’s proposed Terafab and Lace’s helium atom beam project pull in opposite directions. Terafab, if built as described, could mean another large, long-duration customer that leans heavily on extreme ultraviolet tools for cutting edge capacity. That aligns with recent commentary from banks and brokers that already frame ASML as central to wafer fab equipment spending tied to AI chips. Lace’s...

在一份类似于IPO招股说明书的文件中，OpenAI强调了自身对微软依赖的风险，称微软提供了其“大部分融资和算力支持”。OpenAI在向最新一轮融资的潜在投资者分发的文件中，包含了一个篇幅较长的“风险因素”章节。OpenAI罗列的风险还包括，巨额的资本支出、对算力资源的依赖、与马斯克旗下xAI持续进行的诉讼、以及其作为公益企业（Public Benefit Corporation）的特殊架构（其母公司为OpenAI基金会）。据知情人士透露，OpenAI上个月宣布获得1100亿美元融资，目前正与银行伙伴合作，计划从投资者手中再追加100亿美元。（CNBC） 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

投融资周期下的分工 主要观点 投融资周期下的分工 ——信用债先行， ABS 互补 信用债天然具备顺周期属性。而 ABS 存在的前提是对已经形成、能产生稳定现金流的存量资产进行证券化实现融资。处于投融资周期的下游环节，更多扮演逆周期的互补角色，在信用收缩期成为企业盘活存量、缓释流动性压力的重要工具。 ABS 一级市场呈现利率分化显著、短久期主导的供给特征。信贷 ABS 利率中枢最低、波动最小， ABN 定价与信用债贴合度较高，企业 ABS 因资产与主体差异较大，票面利率整体更高。市场发行以 1-2 年期短久期产品为主，中长期产品供给相对稀缺。从利差结构看，信贷 ABS 依托银行主体与标准化资产成为市场安全垫，利差处于低位； ABN 以城投、国企资产为主，利差居中、具备收益弹性；企业 ABS 资产类型多元，是利差分化的主要来源。 ABS 二级市场和机构行为 近三年 ABS 市场流动性呈现显著板块分化，整体活跃度弱于传统信用债，但 正在 边际改善。 ABN 因主体资质优良、银行参与度 较 高，流动性显著领先；信贷 ABS 流动性偏弱， 企业 ABS 交易活跃度逐步提升。不同基础资产间分化同样突出，标准化、现金流稳定品种换手率更高，而银行信贷类、低波动高评级资产多被长期持有，流动性偏弱。 ABS 持有人结构正从银行主导转向机构多元化参与。银行间市场呈现 “ 大行减持、股份行增持 ” 的内部结构分化，非法人产品与存款类机构占比回落。交易所市场中，银行理财、基金资管因净值化压力收缩配置，保险、公募、信托等非银机构成为新增主力，信托在非标收缩背景下持续增配标准化 ABS 。 ABS 信用分析框架 当前国内 ABS 未完全实现纯资产信用融资，出表类资产占比仅 4.6% ，多数依赖发行人主体信用，形成基础资产 和 主体信用双维度评估逻辑 ， 权重随资产类型、监管口径等差异化。经过化债周期调整， ABS 市场告别粗放增长，转向精细化发展，资产供给向核心主力资产聚焦，据此可将全市场 ABS 划分为不动产类、经营债权类、银行信贷类、非银债权及其他类四大类别。 ABS 投资策略 在当前实体融资需求偏弱、信贷投放不足的环境下，供给具备扩容基础，且在债市利差收窄背景下仍保持清晰利差分层，高收益品种相对优势突出，同时低波动特征可有效平滑净值波动。配置上建议适度拉长久期，重点关注 2–3 年期品种以...

Signet Jewelers (SIG +0.71%) shot higher following the release of its fiscal fourth quarter and fiscal 2026 earnings report. The parent company of Kay, Zales, Jared, and other jewelry brands significantly beat earnings. Nonetheless, the report pointed to challenges as much as it did point of optimism. Amid this news, investors should remember two things about this consumer discretionary stock. 1. Margin pressures could drive this stock in the near term Despite the stock gains, its financials offered a mixed picture. In the fourth quarter of fiscal 2026 (ended Jan. 31), sales of $2.35 billion fell by 0.7%. The one bright spot, adjusted diluted earnings, came to $6.25 per share, well above the $6.09 per share estimate. Still, challenges such as tariffs, commodity prices, or even consumer spending pressured its gross margins. Those came to $985 million, or 42%, slightly below the 42.6% in the same quarter last year. Unfortunately for investors, Signet is impacted by tariffs, as the precious metals and diamonds on which it depends are often sourced outside the U.S. Also, commodity prices, especially gold, have fluctuated significantly in recent months. 2. A coming drop in its valuation could be bullish for Signet Fortunately, one factor is on track to work in Signet's favor: valuation. Its 12 P/E ratio appears compelling, especially when the S&P 500's average earnings multiple is 28. Also, it earned $250 million in the fourth quarter, well above the $101 million in the year-ago quarter. In the previous year, asset impairments weighed heavily on earnings. Now, with those one-time charges greatly reduced, the higher earnings, and the forward P/E ratio just above 8, it's confirmed that it has become seriously undervalued. Additionally, that valuation accounts for the 55% increase in the stock price over the last year. Hence, even with the stock flirting with multiyear highs, the stock should have limited downside. Expand NYSE : SIG Signet Jewelers Today's Change ( 0.71 %) ...

Key Points Factors such as tariffs, commodity prices, and the overall economy continue to influence Signet's stock. An earnings bump has given Signet a surprisingly low valuation. 10 stocks we like better than Signet Jewelers › Signet Jewelers (NYSE: SIG) shot higher following the release of its fiscal fourth quarter and fiscal 2026 earnings report. The parent company of Kay, Zales, Jared, and other jewelry brands significantly beat earnings. Nonetheless, the report pointed to challenges as much as it did point of optimism. Amid this news, investors should remember two things about this consumer discretionary stock. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » 1. Margin pressures could drive this stock in the near term Despite the stock gains, its financials offered a mixed picture. In the fourth quarter of fiscal 2026 (ended Jan. 31), sales of $2.35 billion fell by 0.7%. The one bright spot, adjusted diluted earnings, came to $6.25 per share, well above the $6.09 per share estimate. Still, challenges such as tariffs, commodity prices, or even consumer spending pressured its gross margins. Those came to $985 million, or 42%, slightly below the 42.6% in the same quarter last year. Unfortunately for investors, Signet is impacted by tariffs, as the precious metals and diamonds on which it depends are often sourced outside the U.S. Also, commodity prices, especially gold, have fluctuated significantly in recent months. 2. A coming drop in its valuation could be bullish for Signet Fortunately, one factor is on track to work in Signet's favor: valuation. Its 12 P/E ratio appears compelling, especially when the S&P 500's average earnings multiple is 28. Also, it earned $250 million in the fourth quarter, well above the $101 million in the year-ago quarter. In the previous year, asset impairments weigh...