Gary Yeowell/DigitalVision via Getty Images Brunswick ( BC ) ended 2025 with a revenue gain of 15.5% in Q4, which helped it achieve full-year net sales growth for the first time in three years. Notably, Brunswick ( BC ) pointed to retail demand stabilization in the second half of the year, following a challenging second quarter influenced primarily by tariff-induced economic uncertainty. "While U.S. boat market unit retail sales finished the year down approximately 9 percent, Brunswick’s leading boat brands outperformed the U.S. industry, and Brunswick global retail unit sales were down only 5 percent. Dealer inventory levels and freshness remain extremely healthy," highlighted the company. Adjusted operating earnings increased 41% in Q4, and adjusted operating margin increased 90 basis points compared to a year ago, as the impact of higher sales, along with increased absorption from comparatively higher production levels and operational improvements, more than offset the enterprise headwinds of incremental tariffs and the reinstatement of variable compensation, which affected each business. The propulsion segment reported a 23% increase in sales with double-digit increases across all business lines, while the engine parts and accessories segment reported a 15% increase in sales. The boat segment reported an 11% increase in sales from increased wholesale boat sales and growth in the business acceleration business portfolio. Outlook: "As we enter 2026, Brunswick is extremely well positioned to benefit from the building market tailwinds that were evident in the retail market stabilization experienced in the second half of 2025. Given the very dynamic geopolitical and trade backdrop, we will continue to relentlessly drive operating efficiencies; however, we are encouraged by the strong reception for our many new and exciting products, our low and fresh boat and engine field pipelines, the improving sentiment across our network, and market expectations for further inter...

Capital One stock slid after an earnings miss and the Brex acquisition announcement, which could be setting up a buy-the-dip opportunity

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Photographer: Miguel J. Rodriguez Carrillo/AFP/Getty Images Robinhood Markets Inc., the upstart broker credited with getting young people hooked on trading, is vying for a key role in SpaceX’s blockbuster initial public offering, according to people familiar with the matter. Robinhood is jockeying with several Wall Street banks to secure a big slug of coveted SpaceX stock to sell directly to its retail investors, said the people, who asked to not be identified because the details aren’t public. The company would likely offer the shares through its IPO Access platform, which lets users buy stock at the IPO price, before they trade on the open market. Most Read from Bloomberg Elon Musk’s rocket and satellite company is considering earmarking a significant portion of the shares for retail investors, the people said. The listing could potentially come midyear, though the timing could change, they said. Robinhood’s move is ruffling the feathers of big Wall Street banks angling for an IPO role, which would ordinarily include handling the retail allocation, the people said. A potential role for Robinhood — with about 27 million funded customers as of Nov. 30 — in the jumbo listing underscores how the retail trading app has become a major force on Wall Street, as its mobile-first, commission-free trading model has taken hold in the past decade. It also illustrates Musk’s affinity for retail traders, having famously tweeted “Stonks” at the height of the meme-stock frenzy. SpaceX is targeting an IPO that would raise significantly more than $30 billion in a transaction that would value the company at about $1.5 trillion, Bloomberg News has reported. The firm may target a June listing, around Musk’s birthday, some of the people said, and could seek to raise as much as $50 billion, one of them said. That would make it the biggest IPO of all time. Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley are expected to have senior roles. A represen...

燕东微（688172）公告，截至本公告日，持股5%以上股东北京亦庄国际投资发展有限公司持有1.55亿股股票，占公司总股本10.83%，系IPO前取得。因自身经营管理需要，该股东拟自减持计划（883921）披露之日起15个交易日后的2026年3月2日～2026年6月2日期间，通过集中竞价或大宗交易方式减持不超过1427.62万股，减持比例不超过公司总股本1%。

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking: Where will all of that energy come from? AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse. Even Sam Altman, the founder of OpenAI, issued a stark warning: “The future of AI depends on an energy breakthrough.” Elon Musk was even more blunt: “AI will run out of electricity by next year.” As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity. And that’s where the real opportunity lies… One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike. As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity. The “Toll Booth” Operator of the AI Energy Boom It owns critical nuclear energy infrastructure assets , positioning it at the heart of America’s next-generation power strategy. , positioning it at the heart of America’s next-generation power strategy. It’s one of the only global companies capable ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking: Where will all of that energy come from? AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse. Even Sam Altman, the founder of OpenAI, issued a stark warning: “The future of AI depends on an energy breakthrough.” Elon Musk was even more blunt: “AI will run out of electricity by next year.” As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity. And that’s where the real opportunity lies… One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike. As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity. The “Toll Booth” Operator of the AI Energy Boom It owns critical nuclear energy infrastructure assets , positioning it at the heart of America’s next-generation power strategy. , positioning it at the heart of America’s next-generation power strategy. It’s one of the only global companies capable ...

财联社1月29日讯（记者 林坚） 8位保代暂时失去了签字的资格。 中证协官网显示，D类保代目前共有16名，其中2025年有8位保代成为D类保代。一旦被纳入D类，保代将暂时失去签字资格，影响职业发展。自从2024年，中证协启用D类保代负面评价公示机制以来，保代们感受的“监管从严从紧”已经十分强烈。 这16名保代名单如下，涉及 第一创业 、 国联民生 证券、东海证券、 国金证券 、财信证券、 广发证券 、 东吴证券 、 中金公司 、 中信建投 证券、开源证券、中天证券等11家券商，其中，国金证券、中金公司、中信建投证券、广发证券均有两位保代在榜。 范本源，第一创业证券承销保荐，涉及项目鸿达兴业可转债，被罚日期2025-12-24； 金亚平，国联民生证券承销保荐，被罚日期2025-09-09，中证协官网未显示被罚原因，因与从业17年违规炒股16年有关； 马媛媛，东海证券，被罚日期2025-07-21，中证协官网未显示被罚原因，但应与金洲慈航集团重大资产重组项目有关； 程超、宋乐真，国金证券，涉及项目想念食品IPO首发，被罚日期2025-03-21； 蒋序全，财信证券，涉及项目吉林紫鑫药业非公开发行股票项目，被罚日期2025-01-02； 李佳佳，广发证券，涉及项目吉林紫鑫药业非公开发行股票项目，被罚日期2025-01-02； 张琦，东吴证券，涉及项目国奥通讯设备非公开发行股票项目，被罚日期2025-01-02； 赵惠军，中金公司，涉及项目上海国微思尔芯技术IPO首发，被罚日期2024-12-20； 刘能清、邱荣辉，中信建投证券，涉及项目紫晶存储IPO首发，被罚日期两个时间段2024-11-01 / 2024-08-27； 王鑫，广发证券，涉及项目美尚生态景观非公开发行股票项目，被罚日期2023-09-07； 杨磊杰，中金公司，涉及项目美尚生态景观非公开发行股票项目，被罚日期2023-09-07； 张旭东，开源证券，涉及项目郑州华晶金刚石非公开发行股票项目，被罚日期2023-06-17； 郑克国，中天证券，涉及项目郑州华晶金刚石非公开发行股票项目，被罚日期2023-06-17； 何宽华，乾和投资，涉及项目广东 康美药业 增发项目，被罚日期2020-07-20。 图为保荐代表人分类名单D（暂停业务类）。 保代分类名单D（暂停业务类）是动态更新，待处罚时效过去，将会离开名单，但...

Source: Bloomberg, 0:00

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying META stock? Here’s what analysts think: Photo via Shutterstock

Summit Therapeutics ( SMMT ) added ~5% in the premarket on Thursday after the company announced that the U.S. FDA accepted its Biologics License Application (BLA) for its lead asset ivonescimab developed with its Chinese partner Akeso ( AKESF ). The BLA seeks the U.S. approval of the PD-1/VEGF bispecific antibody in combination with chemotherapy as a late-line option for certain patients with lung cancer. Specifically, the drug targets those with advanced or metastatic non-squamous non-small cell lung cancer who indicate epidermal growth factor receptor mutations and have received tyrosine kinase inhibitors previously. The Miami, Florida-based biotech made headlines in 2024 after ivonescimab became the first to outperform Merck’s ( MRK ) blockbuster anti-PD1 immunotherapy Keytruda in a late-stage trial for non-small cell lung cancer. The company said that the FDA has assigned November 14, 2026, as the target action date for the BLA, which is supported by data from its Phase 3 HARMONi global trial. More on Summit Therapeutics Summit Therapeutics Inc. (SMMT) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Summit Therapeutics Inc. (SMMT) Presents at Evercore 8th Annual Healthcare Conference Transcript Summit Therapeutics Inc. (SMMT) Presents at Citi Annual Global Healthcare Conference 2025 Transcript Seeking Alpha’s Quant Rating on Summit Therapeutics Historical earnings data for Summit Therapeutics

Oat_Phawat/iStock via Getty Images Vizsla Silver ( VZLA ) -11.3% pre-market Thursday after saying 10 people were " taken " from its Panuco project site in Mexico, causing the temporary suspension of certain activities at and near the site. The incident is under investigation, and information remains limited, the company said. Vizsla ( VZLA ) has transitioned from exploration to development readiness at its flagship Panuco project, with first silver production anticipated by 2027. The company's November 2025 feasibility study for Panuco outlined an initial 9.4-year mine life with an average silver equivalent production of 17.4M oz/year; for the first five years of operation, production is projected to average 20.1M silver equivalent oz/year. More on Vizsla Silver Vizsla Silver: Exploration Risk Is Gone, But Execution Risk Remains Vizsla Silver Sails Full Speed To The First Silver Casting In Mexico (Upgrade) Seeking Alpha’s Quant Rating on Vizsla Silver

MSFT Stock Falls Over 7% In Pre-Market – Why Did Morgan Stanley Drop It From ‘Top Pick’ List? Stocktwits

财联社1月29日讯（记者 方彦博） A股游戏王 世纪华通 （002602.SZ）在2025年再度创下公司业绩历史新高。 今日晚间，公司发布2025年度业绩预告显示，去年全年公司收入、利润、现金流均实现同比大幅增长，其中公司合并营业收入约380亿，同比增长约68%；预计2025年归属于上市公司股东的净利润为55.50亿元-69.80亿元，比上年同期增长357.47%-475.34%。根据公司前三季度净利43.57亿元计算，公司Q4净利预计11.93亿元-26.23亿元。 值得注意的是，这已经公司自2023年开始，已实现收入连续12个季度环比增长、归母净利润连续两年同比增长翻倍以上，收入和净利润均创公司历史新高。 公司在公告中表示，“多爆款”态势的出海业务是公司业绩高增的主要原因。其中，公司现象级爆款产品《Whiteout Survival》在上线三年后再创新高，在中国手游出海榜中位居第一；爆款新品《Kingshot》创造了SLG产品快速增长的奇迹，在中国手游出海榜位居第三；公司也凭借以上两款产品，成为2025年全球手游排行榜TOP10中唯一有两款游戏上榜的公司。 同时，公司在全球收入最长青品类的休闲游戏赛道初露锋芒: 二合产品《Tasty Travels：Merge Games》进入休闲二合类游戏前5名，中国手游出海榜TOP15；《Truck Star》《High Seas Hero》等新品稳步增长。 在国内赛道上，点点互动继续深耕SLG品类，打破国内多项SLG纪录的《无尽冬日》收入保持快速增长，同时新产品《奔奔王国》崭露头角，保持持续增长趋势。盛趣游戏也凭借《传奇新百区-盟重神兵》、《龙之谷世界》等畅销游戏，在2025年对整体业绩较上年增长超过30%。 对于2026年的目标，公司相关负责人表示，今年公司在出海端巩固SLG品类的强势地位外，将重点发力休闲游戏品类，以打造新的增长极；在国内端，公司深化经典产品的精细化运营的同时，将重点开发《饥困荒野》《彩虹岛：经典》《永恒之塔：经典》《大航海时代：起源》《传奇新百区合击-盟重神兵》等重点新项目。

格隆汇1月29日｜据国防部发布，今天有记者问：随着福建舰正式入列并迅速开展实战化演训，中国海军已全面进入“三航母时代”。在福建舰战斗力加速形成的同时，中国第四艘航母建造是否已取得实质进展？ 国防部新闻局副局长、国防部新闻发言人蒋斌大校：我不了解你说的具体问题。需要指出的是，我们始终根据国家安全和装备技术发展需要推进航母建设。

高起点推进长三角一体化示范区建设，高水平服务虹桥国际开放枢纽建设，高标准助力进博会越办越好。 根据上海市委统一部署，市委副书记、市长龚正今天（1月29日）参加青浦区委常委会民主生活会。龚正指出，要深入学习贯彻习近平总书记考察上海重要讲话精神，按照市委、市政府的部署要求，把握大局大势，强化使命担当，紧紧围绕全市中心工作，统筹重大战略落实和区域整体能级提升，聚焦创新、聚力突破，全面推动长三角创新枢纽建设取得重大进展，在上海加快建成具有世界影响力的社会主义现代化国际大都市进程中勇为尖兵、走在前列。 会上，青浦区委书记王平代表区委常委会班子认真作对照检查。各位班子成员逐一作对照检查，开展批评和自我批评。 龚正指出，这次民主生活会开得质量高，大家认真准备，学习研讨深入，谈心谈话坦诚，问题查摆深刻，进一步交流思想、明确方向，达到了预期目的。希望青浦区委班子全面深刻准确领会和把握党中央精神，按照市委要求，把抓好问题整改作为加强班子自身建设、推动高质量发展的重要措施，不折不扣落到实处。 龚正指出，要践行“笃信、务实、担当、自律”重要要求，进一步砥砺品格、奋发作为，当好党性党风标杆。强化深学笃信，更加自觉地用抓贯彻、抓执行的实际行动践行对党忠诚。强化求真务实，更加自觉地用正确政绩观引领苦练内功、真抓实干。强化使命担当，更加自觉地依靠改革创新打开事业发展新局面。强化廉洁自律，更加自觉地按制度规矩办事、永葆清廉本色。 龚正指出，青浦是上海服务进博会、推动长三角一体化发展等国家战略的核心承载区，要紧扣全市发展大局，扎实推进高质量发展。在服务落实国家战略上下更大功夫，高起点推进长三角一体化示范区建设，高水平服务虹桥国际开放枢纽建设，高标准助力进博会越办越好。在培育发展新质生产力下更大功夫，全面增强自主创新能力，发展壮大特色产业集群，推动产业园区集约化发展。在推进城乡融合发展上下更大功夫，扎实推进新城建设和乡村全面振兴。在提高人民生活品质上下更大功夫，全力推进民心工程、办好民生实事，深入实施城市更新行动，持续提升城市治理效能。要以更加饱满的精神状态、更加务实的工作作风，攻坚克难、勇毅前行，推动高质量发展不断取得新成效。

菲律宾同中国在南中国海的主权争议持续紧张之际，双方星期四（1月29日）在菲律宾举行双边会见，就涉海等问题交换意见，并同意继续通过外交渠道保持沟通。 据央视新闻客户端消息，中国外交部边海司司长侯艳琪星期四同菲律宾外交部副部长艾雷拉-林、部长助理兼亚太司司长阿尔费雷斯在菲律宾宿务举行双边会见。双方就涉海等共同关心的问题坦诚深入交换意见，同意继续通过外交渠道保持沟通。 另据路透社和彭博社报道，菲律宾军方星期二（1月27日）发表声明称，菲律宾武装部队与美国印太司令部1月25日至26日在斯卡伯勒浅滩周边部署空中和海上力量，举行联合演练。 菲律宾武装部队在声明中指出，此次行动顺利进行，“增强了盟军之间的协调能力、战术水平和相互理解”。 对此，解放军南部战区新闻发言人星期二指出，1月25日至26日，南部战区海军在南中国海海域进行例行巡航。 发言人指出，菲律宾拉拢域外国家组织联合巡航，搅局南中国海局势，破坏地区和平稳定。战区部队将坚决捍卫国家领土主权和海洋权益，坚定维护地区和平与稳定。 亚细安多国与中国在南中国海有主权争议，其中，菲律宾与中国的摩擦最频繁。

2026年春晚成为大厂首个“秀肌肉”的全民舞台。 百度分5亿，腾讯分10亿，阿里更了新模型，字节拿下了央视春晚的独家合作。 比春晚更先来到的，是大厂间的“战火”。 25日，百度官宣马年春节瓜分5亿元红包。同一天，腾讯开启新春分10亿元现金红包活动， 腾讯公司董事会主席兼首席执行官马化腾称“希望重现当年微信红包的盛况。” 相隔一天后，26日阿里巴巴发布千问旗舰推理模型Qwen3-Max-Thinking。 报道称该模型是迄今最接近国际顶尖模型的国际AI大模型，标志着中国大模型从“追平”到“领跑”的关键突破。 而更早些时候，字节跳动旗下火山引擎“一举夺魁”，成为央视春晚独家AI云合作伙伴。这是继抖音与央视春晚的两次合作之后，字节跳动第三次成为春晚的重要合作平台。 自2025年年初的“DeepSeek时刻”之后，国内市场上，大模型经历了从“百模大战”到行业洗牌分化的过程。通用大模型的牌桌上，百度、腾讯、阿里、字节几家互联网科技巨头成为最终争夺“AI超级入口”的“种子选手”。 在大模型爆火之后第一个农历春节，谁能在此期间得到更广泛的用户认可、提供更优质的服务、成为最终赢家，吸引着市场的关注。 春晚——大厂争抢国民注意力的战略高地 2015年至今，粗略估计各互联网大厂通过春晚发放的现金红包累计达107亿元。 铁打的春晚，流水的赞助商。只是现如今，最爱春晚的，未必还是观众。 1983年央视举办了第一届春节联欢晚会，到2026年已经是四十三届。四十余年的历程中，不同行业、不同类别的企业走上春节晚会的舞台，与春晚建立起紧密的联系。比如美的集团连续十年拿下春晚的独家赞助，康巴丝钟表也在春晚创办伊始，九次成为春晚的独家报时赞助。 从最初的钟表/手表，到耳熟能详的白酒品牌，再到家电，赞助春晚的企业和品牌无声的变化着。 而最鲜明和转折发生在2015年，并延续至此后的十年。 2015年，腾讯拿下春晚独家新媒体互动合作伙伴项目。当年春晚，微信成为春晚的独家互动合作平台，那是微信推出“摇一摇”功能的第三年。 “摇一摇”功能自上线之初受到用户欢迎，春节期间微信推出“摇红包”活动。 据央视网报道：“2015年春晚110亿次摇动手机，创造了媒体融合互动领域一个新的高度。春晚摇一摇带来了包括央视、腾讯微信以及亿万观众在内的多方共赢。” 时任微信开放平台业务部副总经理胡仁杰表示：“微信在2014年正式开始...

We recently compiled a list of the 20 Most Profitable Stocks of the Last 20 Years. Meta Platforms, Inc. is placed second on our list. TheFly reported on January 26 that Rothschild & Co Redburn upgraded META from Neutral to Buy and raised its price target to $900 from $740. The firm noted that while higher costs could push 2026 earnings estimates lower and cause shares to dip in the short term, it sees a disconnect between the current stock price and META’s long-term value. Rothschild argued that at current levels, the upside potential outweighs near-term risks and suggested that investors use any weakness following the Q4 report to start building positions. Separately, earlier on January 23, Stifel lowered its price target for Meta Platforms, Inc. (NASDAQ:META) to $785 from $875 and maintained a Buy rating. The update came as part of the firm’s Q4 digital advertising review. While Q4 results were supported by strong performance, particularly from Instagram Reels, Stifel noted that investor focus is likely to shift toward META’s total and capital expenditure projections for 2026. Meta Platforms, Inc. (NASDAQ:META) is a global technology company specializing in social media, virtual reality, and digital communication platforms. Through services like Facebook, Instagram, and WhatsApp, Meta connects billions of users. While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Multibagger Stocks to Buy Heading into 2026 and 7 Best Rising Tech Stocks to Buy Now. Disclosure: None.

We recently compiled a list of the 20 Most Profitable Stocks of the Last 20 Years. Microsoft Corporation tops our list for being one of the most profitable stocks. On January 23, 2026, UBS lowered its price target for MSFT to $600 from $650 while maintaining a Buy rating. The firm highlighted that the ongoing ramp-up of MSFT’s large Fairwater AI data centers in Atlanta and Wisconsin is a key near-term driver for Azure growth, with the Wisconsin facility expected to come online in Q1. Progress at these sites supports an upgraded outlook for Azure ahead of MSFT’s fiscal second-quarter earnings report on January 28. Ken Wolter / Shutterstock.com Moreover, on January 22, at Xbox’s Developer_Direct presentation, Microsoft Corporation (NASDAQ:MSFT)’s Double Fine studio unveiled its new multiplayer party brawler, “Kiln.” The game is scheduled for release in Spring 2026 and will be available across Xbox Series X|S, PC, Xbox Cloud Gaming, PlayStation 5, Steam, and through Xbox Game Pass Ultimate. Microsoft Corporation (NASDAQ:MSFT) is a global technology leader offering software, hardware, cloud, and AI solutions. Known for Windows, Office, and Azure, it empowers individuals and organizations through innovation, productivity, and digital transformation, while emphasizing sustainability, security, and long-term growth. While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Multibagger Stocks to Buy Heading into 2026 and 7 Best Rising Tech Stocks to Buy Now. Disclosure: None.

Schroptschop/iStock via Getty Images By Peter Vanden Houte, Chief Economist, Belgium, Luxembourg, Eurozone The cyclical upturn in manufacturing continues Following a subdued December, the European Commission’s economic sentiment indicator increased to 98.2 in January from 97 previously. Among the big member states, France saw the most spectacular improvement, with its sentiment indicator rising sharply to 100.4 from 94.6 in December. This uptick is likely due to a significant reduction in political uncertainty after the 2026 Budget got the green light. Confidence improved across all eurozone sectors except construction, where sentiment held steady. Notably, the manufacturing sector continues to recover, with production expectations surpassing their long-term average despite ongoing weakness in export orders. Additionally, inventory levels are now at their lowest point in three years, and employment expectations strengthened in every sector. Collectively, these developments indicate an encouraging outlook for economic growth in the months ahead. Price expectations moderate Price expectations declined across all sectors, yet remain above historical averages. Consumer price expectations also moderated but continue to exceed long-term norms. Current data supports the ECB’s decision to maintain stable interest rates; there is no evident need for additional stimulus, nor do inflation trends suggest immediate changes to monetary policy. However, the recent depreciation of the US dollar will be carefully observed. According to an alternative scenario presented by ECB staff in December, assuming a gradual depreciation of the dollar to 1.27 against the euro, eurozone inflation could reach 1.6% in 2027 and 1.7% in 2028. Such projections may encourage more vocal advocacy for further easing among the dovish Governing Council members. Content Disclaimer This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial s...

法国外交部长Jean-Noël Barrot在X上发帖称，欧盟各国外长通过了针对21名个人和实体的制裁措施。 制裁对象包括政府、司法机构、警方、革命卫队成员，以及负责互联网审查的实体。 制裁对象将被禁止进入欧盟，其资产将被冻结。 相关新闻： 欧盟准备将伊朗伊斯兰革命卫队列为恐怖组织 责任编辑：刘明亮

XH4D/iStock via Getty Images Trane Technologies ( TT ) stock rose 3.3% in premarket trading Thursday after the maker of heating and air-conditioning reported fourth-quarter results that beat Wall Street expectations, supported by strong commercial HVAC demand from AI data centers. The company said fourth-quarter revenue rose 6% to $5.15 billion, above the Wall Street consensus estimate of $5.09 billion. Adjusted earnings from continuing operations were $2.86 a share, topping analysts’ estimate for earnings adjusted for one-time items of $2.81 a share. Net income rose to $624 million, or $2.74 a share, from $607 million, or $2.67 a share. Trane ( TT ) said bookings climbed 24% to $5.76 billion, with organic bookings up 22%. The company reported a record backlog of $7.8 billion, up 15% from the end of 2024, led by Americas Commercial HVAC, which Trane ( TT ) said was up more than 35%. “Thanks to our purpose-driven strategy, talented team and disciplined execution, 2025 was another strong year for our company,” Chair and Chief Executive Dave Regnery said in the earnings release. Commercial HVAC demand lifts organic bookings 22% Trane ( TT ) said the Americas segment posted bookings of $4.65 billion, up 27%, with organic bookings up 26%. The company said bookings strength was led by Americas Commercial HVAC, with applied equipment bookings up more than 120% and an applied book-to-bill of 200%. In EMEA, Trane ( TT ) reported bookings of $732 million, up 19%, while Asia Pacific bookings rose 2% to $377 million. Margins steady on an adjusted basis GAAP operating income rose 1% to $819 million, though GAAP operating margin slipped to 15.9% from 16.6% a year earlier. On an adjusted basis, operating margin was flat at 16.3%. Adjusted earnings before interest, taxes, depreciation and amortization was $923 million, up 3% from $894 million. Earnings before interest, taxes, depreciation and amortization margin was 17.9%, compared with 18.3% a year earlier. Full-year results and 2...

Frank Brennan/iStock Editorial via Getty Images International Business Machines Corporation ( IBM ) reported solid Q4 results, but the company again guided to rather pedestrian growth in 2026. The tech giant suggests the AI order book is filling up, but the business isn't poised to produce any major AI growth while the cloud business is slowing. My investment thesis remains ultra-bearish on the stock due to this market disconnect with IBM trading higher in after hours, and the guidance isn't impressive. Source: Finviz No AI Growth Detected IBM reported the following Q4'25 results as follows: Source: Seeking Alpha As expected, IBM reported solid Q4 earnings with 12% reported growth somewhat boosted by acquisitions, while constant currency sales only grew at a 9% clip. The initial assumption driving the stock higher is that the legacy tech company is entering an AI-boosted growth spurt. Naturally, the focus is now on the generative AI business, and the CEO made the following comment in the prepared remarks for the Q4'25 earnings call: Our cumulative GenAI book of business now stands at over $12.5 billion, of which Software is more than $2 billion and Consulting is more than $10.5 billion, with both seeing their largest quarterly increase to date. As the company mentions, the AI solutions span consulting, watsonx, the agentic platform Orchestrate, and Red Hat in what appears to be a big AI-fueled growth story. Unfortunately, the vast majority of the GenAI order book is for consulting. The consulting business only grew 1% on a constant currency basis in Q4, showing no signs of having an AI order book topping $10 billion now. Source: IBM Q4'25 Presentation Even worse, the consulting backlog is only up 2% to $32 billion. The data supports IBM collecting GenAI consulting gigs are replacing legacy contracts with minimal net gains in backlog and projected revenues. The tech company fails to provide much confidence with the 2026 guidance for sales growth of only 5%, just 4.5%...

1月29日，中国美国商会年度答谢晚宴在北京举行，全国政协副主席王勇应邀出席并致辞。 王勇表示，2025年，在两国元首的战略引领下，中美开展建设性的对话与互动，为中美关系注入了稳定性。中共二十届四中全会擘画了今后五年中国经济社会发展的宏伟蓝图。中国将坚定不移深化改革、扩大开放、推进创新，以高质量发展持续释放发展活力，为包括美国在内的各国企业提供广阔的舞台。希望两国工商界携手并肩，凝聚稳定发展共识，深化多双边务实合作，共同推动中美经贸关系行稳致远。 中美政商界代表约400人出席活动。(新华社)

蚂蚁集团和阿里巴巴，这两家兄弟公司，正在上演左右互搏。 近两月，大模型to C市场热闹非凡： 先有阿里正式官宣个人AI助手“千问 App” 开启公测，把通义千问的能力推向C端，明确要做人人可用的生活入口。仅隔一天，蚂蚁发布全模态通用AI助手 “灵光”，同样面向普通用户，同样强调“能办事”，以“用自然语言能在手机端30秒生成小应用”为卖点，在产品形态上更进一步。 一个月后，蚂蚁又把AI健康产品AQ升级为“蚂蚁阿福”，在健康陪伴、问答、服务上继续加码，给C端再塞进一个高频入口。没过多久，千问App再次宣布全面接入淘宝、支付宝、淘宝闪购、飞猪、高德等阿里生态业务，在全球首次实现点外卖、买东西、订机票等AI购物功能，并向所有用户开放测试。 回顾2025年，AI+大消费平台构成了阿里体系的双主线，在阿里对于未来商业形态的预设中，既要能把消费者吃喝玩乐购物的需求解决了，也得把AI作为工具的流量入口拿捏住。 但现在看来，和阿里有着近亲关系的蚂蚁集团，似乎也在向同样的方向发力。 一边是灵光、阿福接连落地；另一边，支付宝也正在前置交易与内容场景，试图从付款的终点走向消费的起点。 大消费平台，也能是支付宝？ 如今的支付宝，能做哪些事？先说结论： 在淘宝天猫能做的事，支付宝都能做。淘宝天猫不能做的事，支付宝也能做。 比如，在“购物娱乐”这一栏里，淘宝闪购、淘票票、高德团购、淘宝天猫、闲鱼这些淘系生态的核心入口都可一键抵达。在“便民生活”这一栏，除了有菜鸟、飞猪、高德等日常生活会高频用到的入口，还有买房租房、哈啰出行、车生活等更多淘宝没有的入口。 值得注意的是，支付宝还有一个专门的“天天秒杀”栏目。 点进“天天秒杀”，可以看到大量仅需个位数即可拿下的日用百货商品，几乎都已售出上万件。这一业务由淘工厂和支付宝联合推出，核心供给来源于淘工厂连接的产业带源头厂商。在去年双11期间，天天秒杀”创下日销248万单的最高日销售纪录。 除此之外，有多个餐饮品牌告诉壹览商业，他们近期也开始入驻天天秒杀栏目，但对接的工作人员全部是蚂蚁集团员工，与淘天没有任何关系。 也就是说，这个业务正逐渐成为蚂蚁内部的自己的消费项目。 目前，该场景主要覆盖了食品生鲜、日化工具、生活家居等性价比人群高频刚需日用品品类，在官方的说法里，可以“满足性价比吃穿用全场景”。 二者在会员权益上的形态也非常接近。淘宝大会员的核心是淘气值...

歐聯聯賽階段煞科，賓菲加門將補時入球，主場4-2，擊敗尾段9人應戰的皇馬，躋身附加賽。 賓菲加主教練摩連奴，在「倒戈戰」帶隊勝出，他說是值得紀念的一夜。 賓菲加靠補時8分鐘的罰球，由門將杜魯賓上前，頂入成4-2，以一球的得失球差優勢，升上24位，奪得附加賽最後一席。 皇馬主帥艾比路亞表示，對落敗負全責。皇馬由第四跌至第九，未能直入16強，要轉戰附加賽爭取晉級。

*Other Operating Data Consensus Source: Bloomberg More on Lockheed Martin Why Lockheed Martin's Stock Run-Up Doesn't Scare Me Going Into Earnings Lockheed Martin - Overbought After A Strong Run Lockheed Martin: Geopolitical Chaos Is The Ultimate Tailwind For World's Largest Defense Contractor Lockheed Martin signs agreement to expand THAAD interceptor output Lockheed Martin GAAP EPS of $5.80 beats by $0.05, revenue of $20.32B beats by $460M

Key Points CrowdStrike deploys AI to have a more robust cybersecurity platform. CrowdStrike's stock was still recovering in 2025 from the outage in 2024. These 10 stocks could mint the next wave of millionaires › Cybersecurity isn't talked about as much nowadays. Before 2023, cybersecurity was a top investment sector, and many were bullish on various companies in the space. However, with the rise of artificial intelligence, it fell in popularity. This makes the segment a great opportunity for investors to get some fantastic companies at a slightly lower price than they would have been able to a few years ago. 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 » Last year, I picked CrowdStrike (NASDAQ: CRWD) as my top cybersecurity stock for 2025. That turned out to be an excellent call, and the stock rose 37% for the year. But can CrowdStrike deliver similar returns in 2026? Let's find out. CrowdStrike deploys AI in its platform CrowdStrike isn't completely separated from AI, as it uses AI in its software to detect threats and shut them down before any damage is done. With the rise of bad actors bolstered by AI capabilities, the need for top-of-the-line cybersecurity software has never been greater. This has led to outstanding growth from CrowdStrike over the past few years. The strength is also expected to extend into next year, with Wall Street analysts projecting 22% growth for FY 2027 (ending January 2027). Management is bullish on the industry as a whole, as they believe there is a $140 billion total addressable market in cybersecurity currently, but that will expand to $300 billion by 2030. That's a huge expansion, and with CrowdStrike recognized as one of the leaders in the industry, it should be able to capitalize on that growth. Still, CrowdStrike's revenue is growing much more slowly than its stock price rose in 2025, which raises a red flag for me. Valuation is a key concern...