格隆汇3月25日｜英特尔(INTC.US)盘前涨3%，报45.4%；AMD(AMD.US)盘前涨1.6%，报208.7美元。 消息面上，英特尔和AMD据报已各自通知客户，将分别于3月和4月起对全系列CPU上调价格。多名知情人士透露，今年以来CPU报价已多次上调，平均涨幅达10%至15%，部分产品涨幅更高。交货周期从过去的一至两周骤升至平均八至十二周，个别情况下甚至长达六个月。(格隆汇)

Donny DBM/iStock via Getty Images Key takeaways 1 Fund performance Invesco Municipal Income Fund Class A shares at net asset value (NAV) underperformed its style-specific index, the S&P Municipal Bond 5+ Year Investment Grade Index. 2 Seeking attractive opportunities through collaborative management Invesco ( IVZ ) Municipal Bond team uses a collaborative management approach. Relying on our size and experience, we seek to identify the best opportunities to achieve potentially better outcomes for shareholders. 3 Analysis focused on creditworthiness Our team uses a bottom-up fundamental credit process focused on creditworthiness of individual issuers with an overlay of macroeconomic factors to capitalize on market inefficiencies. Our process has been time tested over full market cycles. Manager perspective and outlook In the fourth quarter, investment grade, high yield and taxable municipals delivered positive returns of 1.42%, 1.11% and 1.05%, with annual returns of 4.25%, 2.46% and 7.89%, respectively. 1 Despite a lengthy federal government shutdown, long-duration municipal bonds performed well during the quarter, bolstering market strength. 1 New municipal issuance reached $143 billion for the quarter and a record $584 billion for the year, surpassing last year's record $509 billion. Shifting interest rate policies, higher costs and political uncertainty likely encouraged more issuers to come to market. 1 Net flows for municipal mutual funds and exchange-traded funds (ETFs) were strong, totaling approximately $17.5 billion for the quarter and $52.4 billion for the year. 2 The US Federal Reserve (Fed) cut the federal funds rate twice, by 0.25% in October and 0.25% in December. The Fed reiterated its commitment to balancing maximum employment and a 2% inflation target. 3 We believe state and local municipal budgets remain healthy. While credit rating upgrades have moderated, upgrades outpaced downgrades in 2025, demonstrating to us strong fundamentals. 4 Our experien...

"Changed My Entire Life": Top OnlyFans Creators Mourn Death Of Billionaire Founder Top OnlyFans creator pornstar Sophie Rain, who has earned tens of millions of dollars on the adult content platform over the last several years, mourned the death of OnlyFans owner and billionaire Leonid Radvinsky on Monday. Rain, one of the platform's highest earners who has reportedly grossed over $100 million since 2023, thanked Radvinsky for changing her life. "I don't even know how to put this into words. That man built something that changed my entire life. Like, I grew up on food stamps and now I can take care of my whole family because of a platform he created. I will never forget that," Rain told the New York Post in an exclusive interview. Rain said, "Before OnlyFans, I was waitressing and barely making rent. That platform gave me everything. And that doesn't happen without someone building it in the first place." She told the NY Post that she never met the billionaire, "but everything I have right now is because he built something that gave people like me a chance," adding, "Sending so much love to his family. This is really, really sad." Piper Rockelle, another OnlyFans adult star, told the outlet, "I've only been on the platform since January, but it already changed everything for me. Like, I owe a lot to what that man built … I don't really know what to say other than thank you for building something that gave people like me a shot. I wouldn't be where I am right now without it." Radvinsky died of cancer at the early age of 43 on Monday, according to a statement from the company. His death raises new questions about the platform's future ownership, especially since he reportedly placed his majority stake in a trust in 2024. Tyler Durden Wed, 03/25/2026 - 04:15

格隆汇3月25日｜官媒呼吁“外卖大战该结束了”，港股三大指数午后受科技股带动呈现快速拉升行情，恒生科技指数一度大涨至2.6%，最终收涨1.91%，恒生指数、国企指数分别上涨1.09%及0.98%，市场连续第二天反弹。另外，南下资金净买入港股超200亿港元。 具体盘面上，午后权重科技股拉升再次助力大市回暖，外卖大战该结束了!由此美团持续拉升大涨近14%表现十分抢眼，京东、阿里巴巴跟随走强；微软与英伟达达成核能领域AI合作，核电股、光通讯概念股全天强势，其中长飞光纤光缆大涨超12%；清明假期内地航线机票预订量同比增约20%，航空股延续反弹，中东停火方案提振，金价站上4500美元上方，黄金股带领有色金属股齐涨，半导体股、军工股、重型基建股、券商股、银行股、保险股等纷纷上行。 另一方面，昨日大幅拉升的权重消费股走低，海底捞大跌11%，蜜雪集团低跌近6%，石油股、燃气股、煤炭股多数表现弱势，其中，昆仑能源跌超8%，中国海洋石油跌超3%，锂电龙头宁德时代连续3日回调。(格隆汇)

格隆汇3月25日｜昨日收涨1.91%的拼多多(PDD.US)今日美股盘前续涨2.34%，报100.39美元。消息面上，拼多多将于美东时间3月25日(即今日)盘前公布2025财年第四季度及全年未经审计的财务业绩。(格隆汇)

小米集團－Ｗ(01810)出現大手買入30萬股，成交價$32.38，涉資971.4萬 AASTOCKS.com

美團－Ｗ(03690)出現大手買入12.15萬股，成交價$90.5，涉資1.1千萬 AASTOCKS.com

美團－Ｗ(03690)出現大手買入12.15萬股，成交價$90.5，涉資1.1千萬 AASTOCKS.com

Anna Edwards, Lizzy Burden and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)

Nickel prices jumped after the world’s largest producer Indonesia agreed to tax outbound shipments of the battery metal. Futures climbed as much as 2.7% on the London Metal Exchange after Finance Minister Purbaya Yudhi Sadewa said President Prabowo Subianto had approved tariffs for coal and nickel exports on Wednesday. Discussions were still underway on specific tax rates, according to the minister. The resource-rich Southeast Asian country has been mulling a windfall tax on commodities as it faces rising budgetary strain from higher oil prices due to the Iran war. As a net crude and fuels importer, Indonesia is also vulnerable to potential inflationary and growth pressures from the conflict’s disruptions to energy flows. The country has long held ambitions to move up the resource value chain by stopping all exports of raw materials and pushing companies to invest in metals processing. Talks of taxing nickel exports specifically can be traced back to a 2022 consideration by then-President Joko Widodo, who wanted to attract investment from battery and EV makers using the metal. Indonesia now accounts for more than half the world’s nickel production and the metal is one of the country’s top export earners. Much of the industry’s growth was driven by Chinese investment. Investors are more likely to believe in the plan now, given Indonesia’s fiscal difficulties, said Gao Yin, an analyst with Shuohe Asset Management Co. Higher taxes are going to boost cost of production and prices of nickel, she said. Nickel on the LME rose 2.1% to $17,310 a ton as of 8:02 a.m. in London.

Do beginnings matter? In books and movies, the answer is a resounding "yes." Losing the reader or viewer early on usually isn't good. But what about how stocks perform at the beginning of the year? Does a rocky start have any bearing on how the stock market finishes? The answer to that question is also a resounding "yes," based on how stocks have performed in the past. I bring this up because the S&P 500 (SNPINDEX: ^GSPC) is on track to finish the first quarter of 2026 in negative territory. Here's what history suggests is next. Image source: Getty Images. Continue reading

【有線新聞】英國廣播公司BBC委任Google前高層布里廷為新任總裁。 布里廷會在5月中上任，接替去年11月辭職的戴維。57歲的布里廷表示希望盡早在新崗位工作，強調BBC需有勇氣面對挑戰。布里廷是首位具科企背景的BBC總裁，但同時缺乏編採或廣播媒體的經驗，BBC稱將有副總裁輔助他。布里廷上任後需克服不少難題，包括BBC早前被美國總統特朗普指控在紀錄片篡改他的演講，遭索償100億美元。

2026年，硅谷科技圈裁员风波不断。1月，亚马逊确认将裁员约1.6万人；2月，金融科技公司Block裁掉了近一半的员工；3月，Meta被曝计划裁员1.6万人。AI将取代白领的焦虑席卷职场。然而，科技公司Ona的软件工程师Siddhant Khare发布的《AI疲劳真实存在，却无人谈及》一文，引发了全球媒体和读者的广泛讨论。他道出了AI实际应用和美好愿景之间的巨大落差。他认为，AI带来的效率提升被高估了，而职场人却陷入了“AI疲劳”。（证券时报）

今日全国碳市场综合价格行情为:开盘价79.5元/吨，最高价80元/吨，最低价79.5元/吨，收盘价79.95元/吨，收盘价较前一日下跌0.34%。今日挂牌协议交易成交量10.07万吨，成交额805.12万元；今日无大宗协议交易；今日无单向竞价。今日全国碳排放配额总成交量10.07万吨，总成交额805.12万元。2026年1月1日至3月25日，全国碳市场碳排放配额成交量1898.98万吨，成交额14.26亿元。截至2026年3月25日，全国碳市场碳排放配额累计成交量8.84亿吨，累计成交额590.88亿元。（全国碳交易）

美股盘前，热门中概股多数上涨，阿里巴巴涨约5%，京东涨约4%，百度涨约2%。 Arm美股盘前涨超10%，公司亲自下场挑战英特尔与AMD，首款CPU直指AI数据中心，料年收入150亿。 美股三大股指期货走高，均涨超1%。

美股光通信龙头Lumentum盘前延续涨势，现上涨3%，上一交易日收涨10%，续创历史新高。

very good/E+ via Getty Images The solar sector is going up, ARRY is falling. These are not good times for Array Technologies Inc. ( ARRY ) since its latest earnings release, and week after week, this downward drift does not seem to stop. When I read its business model, I found it quite interesting, since essentially it manufactures and sells single-axis trackers for solar plants, that is, the tracking system that orients solar panels throughout the day to achieve the highest possible solar capture. In addition, this component is structural within the CapEx of projects, as practically more than 90% of new installed capacity in the utility-scale in the U.S. uses this type of tracker, so the market exists. So at first glance, if the business makes sense, what is happening? This is what led me to investigate, considering that an index we could consider as a reference, Invesco Solar ETF ( TAN ) is performing well. Data by YCharts The first answer to this question seems to come after the acquisition of STI Norland, since following this transaction, fixed-tilt solutions were added to ARRY’s product portfolio, which are fixed mounting structures, as well as foundations, which are the metal bases where both the tracker and the fixed-tilt systems are anchored. This is something that can make sense considering that these are simpler and less differentiated products than trackers, and in this way offer integrated solutions to clients without having to leave the ARRY ecosystem. However, the market seems to be penalizing this move after seeing that STI Norland (FY22) closed FY25 with a gross profit of -$1.4M , in addition to an inventory charge (H250) of $29.5M that became unusable as it was not compatible with its new systems. To understand the magnitude of the setback, this amount is equivalent to 230 bps of the company’s total revenue, and considering that Adj. EBITDA generated was $187M, a segment coming from an acquisition has destroyed the equivalent of 15% of annual adjust...

Boy Wirat/iStock via Getty Images Chinese authorities have barred two Manus co-founders from leaving the country, heightening scrutiny over Meta Platforms's ( META ) 2025 acquisition of the fast-rising agentic AI startup for $2 billion, the Financial Times reported on Wednesday. Xiao Hong and Ji Yichao were summoned this month to a meeting in Beijing with the National Development and Reform Commission, the country’s powerful economic planner, the FT said. The pair, who’re based in Singapore, were questioned about potential violations of foreign direct investment rules and then told they couldn’t leave China, the FT reported. Meta announced ​in December that it ​would acquire Manus , which ⁠develops general-purpose AI agents capable of operating as digital employees, performing tasks such as research and ​automation with minimal prompting. Financial terms of the deal ​were ⁠not disclosed, but the deal reportedly valued Manus at $2 billion-$3 billion. Earlier this year, ⁠China's commerce ​ministry had said it would assess and investigate Meta's ​acquisition of Manus. More on Meta Meta Platforms: The AI Spending Spree Is Out Of Control Meta Platforms: 16x Adjusted FY2026 P/E Is A Solid Buy Delays, Compute Deals, And Sky-High CapEx: Why I'm Still Bullish On Meta Meta's Ray-Ban smart glasses EU rollout slowed by battery, AI rules and supply constraints: report Meta Platforms raises top executive pay with stock options amid intensifying AI race

Boy Wirat/iStock via Getty Images Chinese authorities have barred two Manus co-founders from leaving the country, heightening scrutiny over Meta Platforms' ( META ) 2025 acquisition of the fast-rising agentic AI startup for $2 billion, the Financial Times reported on Wednesday. Xiao Hong and Ji Yichao were summoned this month to a meeting in Beijing with the National Development and Reform Commission, the country’s powerful economic planner, the FT said. The pair, who are based in Singapore, were questioned about potential violations of foreign direct investment rules and then told they couldn’t leave China, the FT reported. Meta announced ​in December that it ​would acquire Manus , which ⁠develops general-purpose AI agents capable of operating as digital employees, performing tasks such as research and ​automation with minimal prompting. Financial terms of the deal ​were ⁠not disclosed, but the deal reportedly valued Manus at $2 billion-$3 billion. Earlier this year, ⁠China's commerce ​ministry had said it would assess and investigate Meta's ​acquisition of Manus. More on Meta Meta Platforms: The AI Spending Spree Is Out Of Control Meta Platforms: 16x Adjusted FY2026 P/E Is A Solid Buy Delays, Compute Deals, And Sky-High CapEx: Why I'm Still Bullish On Meta Meta's Ray-Ban smart glasses EU rollout slowed by battery, AI rules and supply constraints: report Meta Platforms raises top executive pay with stock options amid intensifying AI race

jetcityimage/iStock Editorial via Getty Images Investment thesis General Electric Company ( GE ) operates in two business worlds. The first is North America, where growth is essentially flat. The second is the rest of the world and specific regions, where growth in air traffic generates growth for GE. In brief, GE now counts on its international business to provide growth, while its North American operations provide stable but slow-growing revenue and earnings. This article provides an overview of GE's international business and the prospects for future growth. About GE Also known as GE Aerospace, the company calls itself, in its 10-K for 2025 , "the industry's largest and growing commercial propulsion fleet. The company's installed base of approximately 50,000 commercial and 30,000 military engines, including parked aircraft in addition to fleet in service, supports our aftermarket services business, which represents approximately 70% of revenue, reflecting the strength of customer demand across our business." Note that the firm sees engine sales as a pathway to selling more aftermarket services, with the latter delivering 70% of corporate revenue. The obvious corollary is that the more engines it sells, the greater the aftermarket opportunities. In the 10-K, management writes, "We serve customers in approximately 120 countries. Manufacturing and service operations are carried out at 70 facilities located in 23 states in the United States and Puerto Rico, of which 24 are owned, and at 62 facilities located in 23 other countries, of which 30 are owned." Engine sales represent not just current revenue but also multi-decade servicing opportunities. And as this article will show, regions such as the Middle East and India provide the most opportunities to make new sales of both engines and services. Notable, too, is GE's ability to provide power for both narrow-body and wide-body aircraft (more below). Industry overview The latest Global Market Forecast from Airbus is b...

格隆汇3月25日｜阿里巴巴、京东美股盘前均涨超4%。消息面上，经济日报刊登评论员文章《外卖大战该结束了》称，外卖大战影响的不仅仅是餐饮业老板的账本，更是普通人的生计。当作为“压舱石”的餐饮消费因价格战而失速，经济大盘感受到的寒意，最终会传导到每个微观个体。健康的竞争，应该是技术创新、效率提升、服务优化的良性角逐。

港股收盘，恒生指数涨1.09%，恒生科技指数涨1.91%。恒指港股通ETF银华（159318）涨0.84%，港股通科技ETF鹏华（159751）涨1.3%。板块方面，电力、客运航空公司板块涨幅靠前；航空货运与物流板块跌幅靠前。个股方面，云知声涨16.52%，智谱涨16.03%，美团-WR涨14.63%，鸿腾精密科技涨14.04%，美团-W涨13.92%；泡泡玛特跌22.51%，西锐跌16.39%，海底捞跌11.07%，昆仑能源跌8.43%，古茗跌8.13%。

恒生指數收市報25,335點，升272點。 美團升百分之13.9，泡泡瑪特跌百分之22.5。

恒生指數收市報25,335點，升272點。 美團升百分之13.9，泡泡瑪特跌百分之22.5。

Artificial intelligence (AI) stocks have been leading the S&P 500 higher over the past few years amid excitement about this potentially game-changing technology. Importantly, AI has started to demonstrate its strengths as companies already are generating billion-dollar revenue through sales of AI tools -- and others are seeing results as they apply these products to their businesses. Though AI stocks have encountered some rough patches in recent months, and the geopolitical backdrop has weighed on appetite for growth stocks, the long-term AI story remains intact. But I don't think the same AI companies will continue to lead gains year after year. My prediction is the AI stocks that win in 2026 won't be the same ones that won in 2025. Let's consider what might unfold in the months to come -- and which stocks may come out on top. Continue reading

騰訊控股(00700)出現大手賣出1萬股，成交價$504.5，涉資504.5萬 AASTOCKS.com