New York, January 27, 2026, 17:34 (EST) — After-hours trading session Intel shares climbed in late Tuesday trading, recovering somewhat after last week’s steep fall following its forecast A regulatory filing revealed that Intel’s CFO bought shares on the open market Investors remain fixated on whether supply shortages will ease during this quarter Intel Corp shares climbed 3.4% to $43.93 in after-hours trading Tuesday, following intraday swings between $42.72 and $44.53. Roughly 116 million shares traded hands. The stock took a sharp hit after Intel’s outlook fell short of expectations for a quick rebound. Shares tumbled 14% on Friday, weighed down by supply shortages that capped the company’s ability to meet AI-driven demand for data-center chips. TD Cowen analysts cautioned that the recent rally was fueled more by “the dream” than by solid fundamentals. (Reuters) Timing is crucial as Intel’s stock now trades like a barometer for the chip cycle and U.S. manufacturing policy, right as rate forecasts shift once more. The Federal Reserve’s rate-setting panel meets January 27-28, bringing tech valuations sharply into focus. (Federal Reserve) A Form 4 filing — the mandatory insider report for stock trades — revealed CFO David Zinsner purchased 5,882 shares at $42.50 on Jan. 26. This move increased his direct stake to 247,392 shares. (SEC) Intel last week projected first-quarter revenue between $11.7 billion and $12.7 billion, with adjusted earnings per share expected to hover near break-even. “We expect our available supply to be at its lowest level in Q1 before improving in Q2 and beyond,” CFO Zinsner noted. CEO Lip-Bu Tan added that Intel is “working aggressively to grow supply” to meet demand. (Intel Corporation) Tan told analysts he was “disappointed” Intel couldn’t fully keep up with demand, after the company admitted it was blindsided by a spike in data-center central processing units (CPUs) paired with Nvidia’s AI-driven graphics chips. Running Point Capital CIO ...

Interactive Brokers (NASDAQ: IBKR), Micron Technology (NASDAQ: MU), and AutoZone (NYSE: AZO) are three notable stocks seeing large insider trades. Micron’s buy is a clear bullish signal for one of the best-performing stocks of 2025. However, while IBKR and AZO insiders are both selling, the implications for these names are not the same. IBKR Insider Initiates Big Sale After +40% Gain in 2025 Interactive Brokers is a giant player in the brokerage industry, with a market capitalization of over $130 billion. The stock performed very well in 2025, delivering a total return of nearly 46%. The company generated strong growth of 19% for the full year, and saw its pretax margin hit a record high of 77%. The company saw strong growth in trading volumes and added over 1 million net new accounts, which was also a record number. Despite a strong 2025, Vice Chairman Earl Nemser is now selling. On Jan. 22 and Jan. 23, Nemser sold around $19 million worth of IBKR shares. These sales were not made under a predetermined 10b5-1 plan, indicating that they were discretionary in nature, and thus providing a bearish signal. Nemser made these sales at an average price near $77, slightly above the stock’s Jan. 26 closing price. Still, when it comes to insider sales, it is difficult to truly know the seller’s motivation. It is possible that Nemser is selling to generate liquidity for a personal purchase, rather than being bearish on IBKR stock. Micron’s Insider Buy: Director Purchases Over 20,000 Shares After a stellar 2025, U.S. semiconductor giant Micron Technology just garnered a significant insider purchase. Micron shares skyrocketed 240% last year, driven by insatiable demand for memory chips for artificial intelligence systems, leading to supply shortages. In 2025, shares are already up another 36%, as investors continue to bet on increased pricing power among memory chip companies. Insiders are getting in on the game as well. On Jan. 13 and Jan. 14, Director Liu Teyin purchased appro...

The company beat on both the top and bottom lines in its final quarter of last year. UPS (UPS +0.21%) delivered a decent set of fourth-quarter results on Tuesday and announced a series of layoffs. Investors reacted by trading the logistics giant's shares marginally higher on the day, with their 0.2% gain slightly lagging the bellwether S&P 500 index's 0.4% increase. A bullish reaction to fundamental declines For its final frame of 2025, UPS booked total revenue of just under $24.5 billion, a 3% decline from the fourth quarter of 2024. Its operating profit not in accordance with generally accepted accounting principles (GAAP) fell by nearly 7% year-over-year to nearly $2.9 billion, or $2.38 per share. Both figures topped the consensus analyst estimates. Collectively, pundits tracking UPS stock were modeling slightly more than $24 billion in revenue and $2.20 per share for non-GAAP (adjusted) net income. During the quarter, a crucial one for the company given that it included the holiday season, UPS experienced a 3% decline in its domestic segment, mainly due to lower shipment volume. On the other hand, revenue from its international operations rose at nearly the same percentage rate, thanks to a more than 7% increase in revenue per item shipped. UPS also declared its latest quarterly dividend. At $1.64 per share, it matches the previous four distributions, and yields 6.1%. The company said that it aims to reduce its workforce by as much as 30,000 this year. CFO Brian Dykes said the move "will be accomplished through attrition, and we expect to offer a second voluntary separation program for full-time drivers." Expand NYSE : UPS United Parcel Service Today's Change ( 0.21 %) $ 0.23 Current Price $ 107.20 Key Data Points Market Cap $91B Day's Range $ 104.75 - $ 112.67 52wk Range $ 82.00 - $ 136.99 Volume 14M Avg Vol 6.5M Gross Margin 18.48 % Dividend Yield 6.13 % The Amazon Effect UPS has been quite an underperforming stock since it and Amazon started to "decouple," th...

(RTTNews) - The South Korea stock market bounced higher again on Tuesday, one day after snapping the three-day winning streak in which it had advanced more than 100 points or 2 percent. Now at a fresh record closing high, the KOSPI sits just above the 5,080-point plateau and it may add to its winnings on Wednesday. The global forecast for the Asian markets suggests mild upside, boosted by gains from the oil, gold and technology sectors. The European and U.S. markets were mixed to higher and the overbought Asian bourses may see mild upside - although they may see profit taking later in the day. The KOSPI finished sharply higher on Tuesday following gains from the financial shares and technology stocks. For the day, the index surged 135.26 points or 2.73 percent to close at the daily high of 5,084.85 after trading as low as 4,890.72. Volume was 472 million shares worth 28 trillion won. There were 472 decliners and 410 gainers. Among the actives, Shinhan Financial spiked 4.49 percent, while KB Financial vaulted 5.54 percent, Hana Financial collected 3.75 percent, Samsung Electronics soared 4.87 percent, Samsung SDI perked 0.13 percent, LG Electronics skidded 1.17 percent, SK Hynix surged 8.70 percent, Naver accelerated 3.30 percent, LG Chem retreated 1.57 percent, Lotte Chemical rallied 2.60 percent, SK Innovation and Kia Motors both slumped 1.10 percent, POSCO Holdings declined 1.51 percent, SK Telecom skyrocketed 12.30 percent, KEPCO rose 0.17 percent, Hyundai Mobis sank 1.18 percent and Hyundai Motor dropped 0.81 percent. The lead from Wall Street is murky as the major averages opened mixed on Tuesday and stayed that way throughout the trading day. The Dow tumbled 407.72 points or 0.83 percent to finish at 49,004.68, while the NASDAQ jumped 215.74 points or 0.91 percent to close at 23,817.10 and the S&P 500 added 30.82 points or 0.44 percent to end at 6,981.05. The strength in the broader markets came as traders remain optimistic ahead of the release of earnings new...

Key Points SoFi Technologies has grown rapidly in recent years. The online-only bank could deliver multibagger returns to shareholders even if its growth slows. Its stock isn't exactly cheap right now. 10 stocks we like better than SoFi Technologies › Many of us are hoping to become millionaires by retirement -- if not multimillionaires. If you're such a pre-retiree and you're on the hunt for promising growth stocks that could help you build your portfolio to seven figures, permit me to introduce you to an impressive one -- SoFi Technologies (NASDAQ: SOFI). To whet your appetite, let's start with its performance in recent years. 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 » Time period Average annual return Past 1 year 48.3% Past 3 years 66.3% If it can maintain anything like that kind of pace, it stands a chance of making its investors much wealthier if they give it enough time and are diligent in their investing. Here's how your money might grow, if the stock grows at just 15%, on average, over the coming years. Growing at 15% Annually for... $1,000 Invested Monthly Would Become... 5 years $80,909 10 years $243,645 15 years $570,965 20 years $1,229,323 25 years $2,553,516 30 years $5,216,942 That's all speculation, though, because no one can know just how SoFi Technologies (or any other stock) will fare over the next few decades. Here's some more about it, though, to inform your thinking and decision-making. SoFi Technologies is a fintech business that primarily caters to millennials and other youngish consumers. In its early years, it specialized in helping young people with student loans. Now, it's a fully online bank that aims to be a one-stop shop that can handle all the financial services needs of its members -- who numbered 12.6 million at last report. It offers services related not only to banking but also to investing, credit cards, mortgages, private student loans, an...

Free artificial intelligence training is being made available to everyone in the UK as the government steps up efforts to prepare the workforce for rapid technological change. However, ministers acknowledge the programme will only succeed if businesses and workers choose to adopt it. From today, adults can access short, practical courses through the government's upgraded AI Skills Hub, designed to help people use AI tools in the workplace. The training covers everyday tasks such as drafting text, creating content, and automating administrative work - with some courses taking less than 20 minutes to complete. The programme is a joint effort between government and major tech firms, including Google, Microsoft and IBM, and has already delivered more than one million courses since last summer. For some small business owners, the training has already had a tangible difference. Tracey Kasongo, founder of 20 MGMT, a UK company involved in management consultancy, video production, and sound recording, said the courses helped her quickly build confidence in using AI. "Being able to do a programme like that really fast-tracked me to learning and building skills in AI, and then applying it to the business," she said. "It helped us use the systems to create more efficient workflows and processes." Zunera Diwan, business founder of Money Circuit, a financial decision-making consultancy, said learning how to use AI properly transformed how she ran her business. "Before, I was sceptical and only really used it like a search engine," she said. "Now I use AI for invoicing, contracts and creating policies. It's saved me four or five hours a week, which I can put back into growing the business or looking after my wellbeing." Despite those examples, uptake remains a challenge. Research published alongside the announcement shows only 21% of UK workers feel confident using AI at work, while just one in six businesses currently use the technology. Ministers argue that improving skills and...

Gary Kavanagh/E+ via Getty Images ET Stock: Strong Money Kept Adding At Around $17 I last analyzed Energy Transfer LP Common Units stock ( ET ) on Dec. 6 with an article titled "$50 Oil Price Scenario: Enterprise Products Partners Better Positioned Than Energy Transfer." The article focused on the impact of oil prices and ended with a hold rating for ET. Since then, a few new developments have caught my attention and triggered this revisit. This article will focus on the top three on my list: The update to its Lake Charles LNG project, the new guidance on its 2026 growth capex, and also the disclosures from the professional fund managers. Let me start backward with the third development, as it is the most straightforward one. The next chart shows the latest statistics of ET share ownership among the so-called super-investors by DataRoma . These are professional fund managers, and I have benefited from these managers’ insights in the past. In my experience, they tend to be less emotional, more oriented toward the longer term, and also have a deeper understanding of the fundamentals of the business they invest in. If my experiences relate to you too, you can easily see why their decisions surrounding ET caught my attention. Firstly, these investors have disproportionate exposure to ET. As shown, ET is currently owned by five of them, with a total ownership rank of 97. Several of the super investors have quite concentrated exposure, as high as 7.0% and 3.3% (by Leon Cooperman and Samantha McLemore). Such exposures are quite large when adjusted for ET’s cap of around $62 B. As background, the market cap would put ET somewhere around the 180 th largest company in the S&P 500 index (see the second chart below), vs. an ownership rank of 97 among these super investors. Moreover, these investors’ latest decisions reflect a quite bullish sentiment toward ET. As seen, none of them reported a reduction in their position, and one of them reported a sizable increase of almost 20%...

A former member of the Australian neo-Nazi group the National Socialist Network is appealing a police decision to revoke his weapons licence, on the grounds it infringes his right to freedom of political communication. The Queensland civil and administrative tribunal is hearing an application by Joshua Ryan Hoath, 27, to have the licence reinstated. Hoath has argued that his “political views, activities, or communications” should not have been considered by police. The tribunal heard Hoath was a member of the now-disbanded NSN for about 18 months and attended a number of demonstrations, prior to April 2024. He acknowledged the group was a neo-Nazi organisation, but told the tribunal he had joined up “for the social aspect behind the group and the fitness activities performed as well as the adventures of travelling to new places for the set activities”. In March 2024, police searched Hoath’s property and found 16 firearms and ammunition. They also found “a number of items of interest” including “not one, but two copies of Mein Kampf” in a bookshelf with other fascist publications, the tribunal heard. Police tendered photographs to the tribunal that included an A4-sized framed photograph of Hoath being “embraced by a person identified as the Queensland leader of the NSN, Gabriel Seymour”. The framed picture had been on Hoath’s bedside table. Sign up: AU Breaking News email The tribunal also heard that Hoath had a number of other framed pictures of media articles about neo-Nazi events. One of these had the words “14” written in the corner, apparently a reference to a common white supremacist slogan. Hoath told the tribunal he had “attended a number of marches, or protest-type events”, including a protest at Ipswich after the killing of Vyleen White. After the event, police identified Hoath as a member of another white supremacist group, the European Australian movement. This led to the weapons search. Police then revoked Hoath’s firearms licence, declaring he did not m...

Chip Somodevilla/Getty Images News John Deere ( DE ) is investing $70M in an excavator factory in North Carolina, President Donald Trump said on Tuesday in Iowa, adding that it will be the only excavator made entirely in the U.S. During the rally in Clive, Iowa, Trump repeated his claim that he has commitments for $18T of investments in the U.S. That's more than half the size of the current $31.8T U.S. GDP. He said he'll reduce some regulations applying to tractors, "so you don't need a PhD to start your tractor." Furthermore, Trump said he's working on a deal for higher-ethanol E15 gasoline blends. "I would sign a bill on it without delay," he said. That's meaningful for Iowan corn farmers, who supply grain for ethanol. One year after Trump's second term started, "our income is booming, wages are rising, investment is soaring," he said. "This is the most dramatic one-year turnaround in history," he claimed, crediting the country's growth to the tariffs he implemented. "Economic growth is exploding in numbers unheard of," Trump added. In Q3, U.S. GDP increased by 4.4%, on an annualized basis, which came after 3.8% growth in Q2 and -0.6% in Q1. Since the presidential election, there have been 52 all-time stock market highs, adding $9T to 401(k)s, retirement plans, and investment accounts, Trump said. He asked the crowd whether he should run for president a fourth time, even though the Constitution limits any person to two terms as president. In a statement posted earlier on Tuesday, the Trump administration said Iowa's average gas price has declined to $2.56 per gallon, with some offering gas at under $2 per gallon. The administration has saved the average Iowa family $3,139 in taxes this year, and improved home affordability, with the median home price in Iowa down 3.5% from a year ago. Furthermore, "Iowa's economy is roaring ahead, with strong GDP growth outpacing the national average, fueled by agriculture, manufacturing, and smart policies," it said . "The proof ...

imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a surprise draw of 247K barrels of oil in U.S. commercial stockpiles for the week ending January 23, after rising by 3M barrels in the previous week. Gasoline inventories reportedly show a draw of 415K barrels for the week, distillate inventories reportedly show a build of 2M barrels, and Cushing inventories reportedly show a draw of 92K barrels. The Energy Information Administration is scheduled to release its weekly U.S. petroleum supply report on Wednesday; the average of analysts surveyed by The Wall Street Journal forecast domestic commercial crude stocks would rise by 1M barrels, gasoline inventories also were expected to rise by 1M barrels, and distillate inventories were expected to decline by 1.4M barrels. WTI front-month March crude oil ( CL1:COM ) recently traded at $62.44/bbl after settling Tuesday at $62.39/bbl. ETF: ( USO ) More on crude oil Oil: I've Never Been More Bullish On Energy Short-Term Energy Outlook, January 2026 Commodities: Natural Gas And Precious Metals Rally Amid Weather And Geopolitical Threats

In the latest trading session, XPeng Inc. Sponsored ADR (XPEV) closed at $18.57, marking a -1.17% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.41% for the day. Elsewhere, the Dow lost 0.83%, while the tech-heavy Nasdaq added 0.91%. Shares of the company witnessed a loss of 8.34% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its loss of 5.19%, and the S&P 500's gain of 0.38%. The investment community will be paying close attention to the earnings performance of XPeng Inc. Sponsored ADR in its upcoming release. Alongside, our most recent consensus estimate is anticipating revenue of $3.32 billion, indicating a 50.52% upward movement from the same quarter last year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.23 per share and revenue of $10.95 billion. These totals would mark changes of +72.62% and 0%, respectively, from last year. It's also important for investors to be aware of any recent modifications to analyst estimates for XPeng Inc Sponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. XPeng Inc. Sponsored ADR is holding a Zacks Rank of #2 (Buy) right now. In the context ...

內地火鍋龍頭海底撈(6862)最近跨界新嘗試，開展海鮮大排檔，甚至「店中店」經營糖水舖。內地首間海底撈糖水舖本月中在上海虹橋南豐城以「店中店」形式開業。其實是門店候位區改造，設獨立用餐區，以親民價格9.9元人民幣起錶，出售糖水及甜品，開拓火鍋以外，輕消費場景；同時善用空置空間，攤薄舖位成本。 除了賣糖水，海底撈另一新嘗試，是海鮮大排檔火鍋。上月在廣州開設首間分店，以「一人一鍋」及自助模式營運，主打生鮮市集、鮮活海鮮及鮮切肉類等過百款食品，最大賣點是人均消費較主品牌，低出約三成，目標搶佔宵夜市場。 一切新動作，很大機會源於本業經過多年高增長後，開始遇到瓶頸。去年上半年，集團收入以至純利均下跌；核心營運指標，翻台率亦由每日4.2次，降至3.8次，很大程度反映品牌熱度不如前。 張勇重掌指揮權 始創人張勇由街邊經營麻辣燙起家，到「火鍋大王」，成功將「打邊爐」體驗重新定義。原本已半退下火線，於2020年提出十年「接班人計劃」，並宣布要退休。但十年未過，苟軼羣於今年初辭任執行董事及首席執行官職務，張勇重掌指揮權，接任首席執行官一職。消息公布，一度刺激海底撈股價急升逾一成。 據內媒報道，海底撈其實在年多前，已啓動「紅石榴計劃」，目標孵化更多餐飲品牌，尋求新增長曲線，希望從單一火鍋品牌，向多元化餐飲集團轉型；不過，成效對業績的幫助不明顯。而投資市場對張勇「救火」，似乎滿有期望。賣糖水、海鮮大排檔以外，還有甚麼新招要拭目以待。

內地火鍋龍頭海底撈(6862)最近跨界新嘗試，開展海鮮大排檔，甚至「店中店」經營糖水舖。內地首間海底撈糖水舖本月中在上海虹橋南豐城以「店中店」形式開業。其實是門店候位區改造，設獨立用餐區，以親民價格9.9元人民幣起錶，出售糖水及甜品，開拓火鍋以外，輕消費場景；同時善用空置空間，攤薄舖位成本。 除了賣糖水，海底撈另一新嘗試，是海鮮大排檔火鍋。上月在廣州開設首間分店，以「一人一鍋」及自助模式營運，主打生鮮市集、鮮活海鮮及鮮切肉類等過百款食品，最大賣點是人均消費較主品牌，低出約三成，目標搶佔宵夜市場。 一切新動作，很大機會源於本業經過多年高增長後，開始遇到瓶頸。去年上半年，集團收入以至純利均下跌；核心營運指標，翻台率亦由每日4.2次，降至3.8次，很大程度反映品牌熱度不如前。 張勇重掌指揮權 始創人張勇由街邊經營麻辣燙起家，到「火鍋大王」，成功將「打邊爐」體驗重新定義。原本已半退下火線，於2020年提出十年「接班人計劃」，並宣布要退休。但十年未過，苟軼羣於今年初辭任執行董事及首席執行官職務，張勇重掌指揮權，接任首席執行官一職。消息公布，一度刺激海底撈股價急升逾一成。 據內媒報道，海底撈其實在年多前，已啓動「紅石榴計劃」，目標孵化更多餐飲品牌，尋求新增長曲線，希望從單一火鍋品牌，向多元化餐飲集團轉型；不過，成效對業績的幫助不明顯。而投資市場對張勇「救火」，似乎滿有期望。賣糖水、海鮮大排檔以外，還有甚麼新招要拭目以待。

近日一種名為「軍人睡眠法」的助眠技巧在社交媒體TikTok上掀起熱潮，相關影片獲得數百萬觀看量，創作者聲稱這套方法能讓人在兩分鐘內快速入睡。BBC英國廣播公司報道指，在全球數以百萬計的人飽受失眠困擾的背景下，這種簡單易學的技巧迅速成為網絡焦點，許多受睡眠問題困擾的民眾紛紛嘗試，希望找到解決輾轉反側之夜的方法。 從二戰飛行員訓練到公眾視野 這套方法其實並非全新概念，而是源自美國田徑教練勞埃德·巴德·溫特於1981年出版的著作《放鬆與勝利》。溫特在二戰期間為美國海軍飛行學校學員開發了這項技術，目的是幫助飛行員在高壓的作戰環境下仍能獲得充足休息，保持最佳狀態執行任務。 完整步驟解析：六步放鬆法的詳細指引 根據溫特的原著，這套方法包含以下六個循序漸進的步驟： 第一步：面部深度放鬆 首先專注於放鬆額頭肌肉，讓額頭皮膚變得平滑，接著放鬆頭皮、下巴及整個臉部肌肉，同時配合緩慢而深長的呼吸節奏。 第二步：上半身放鬆 將注意力轉移到雙肩，深吸一口氣後緩緩吐氣，感受肩膀自然下垂，隨後放鬆胸部肌肉，讓呼吸變得更加輕鬆自然。 第三步：手臂完全放鬆 將整隻手臂完全沉入椅子或床鋪中，從肱二頭肌開始放鬆，逐漸延伸到前臂、手腕，最後到達手指尖端。完成一側後，以同樣方式放鬆另一側手臂。 第四步：下肢系統性放鬆 從大腿肌肉開始放鬆，逐步向下延伸到小腿肌肉、腳踝關節，最後到達腳趾。一側完成後，以相同順序放鬆另一條腿。 第五步：心像引導與思緒清空 在身體完全放鬆的基礎上，清空腦中所有雜念，想像一幅讓自己感到平靜的畫面。溫特建議可以想像溫暖春日的景象，或是寧靜湖面的波光粼粼。 第六步：維持空靈狀態 如有雜念再度浮現，可在心中重複「不要想」這句話，努力維持至少10秒的無思慮狀態，讓身心完全沉浸於放鬆之中。 溫特在書中聲稱，透過持續六周的規律練習，飛行員學員能夠掌握在兩分鐘內入睡的技巧，無論日夜變換或環境條件如何，都能迅速進入休息狀態。 專家審慎評估：快速入睡期望的潛在風險 雖然這套方法在網絡上獲得廣泛傳播，但睡眠醫學專家對此持審慎態度。軍事神經科學家兼睡眠專家艾莉森·布雷格博士向BBC明確指出：「宣稱使用這種方法就能在兩分鐘內入睡，而且應該達到這個標準，這種期望本身是危險的。」 布雷格博士解釋，對大多數人而言，自然入睡過程通常需要五到二十分鐘。強求在兩分鐘內入睡可能導致嘗試者產生不必要的焦慮和挫敗感，反而妨礙...

Nomura Holdings Inc. has marked its centennial with all the outward trappings of strength: a glittering new office tower , a big acquisition and slick TV commercials . Japan’s largest brokerage is posting record profits , and its stock is trading at levels unseen in more than 17 years. Yet, the internal mood hasn’t all been celebratory. When Chief Executive Officer Kentaro Okuda posted a message on Nomura’s network late last year, he said it’s when things are going well that the company must address the challenges ahead, according to employees who asked not to identified. In private, he also told senior executives that the profit rebound is partly due to tailwinds from the economic cycle, a sign he is concerned about complacency. As Nomura crosses its 100th year, the Japanese powerhouse faces a tightening competitive landscape. Domestic rivals are openly challenging Nomura’s leadership in brokerage and investment banking , aiming to erode its dominance both at home and abroad. Nomura’s primary stronghold — the business of selling shares and other financial products to individuals in Japan — is under pressure at the exact moment when residents are finally ready to move their savings into the markets. Nomura is set to report fiscal third-quarter results on Friday with annual profit on track to exceed last year’s heights. Still, while earnings and return on equity are up, its market capitalization remains at 2007 levels. In contrast, Japan’s three so-called megabanks are hitting record valuations fueled by rising lending rates. Even with Nomura’s price-to-book ratio reaching the key level of 1 , it continues to lag behind its biggest local peers. “Nomura’s earnings have been cyclical and more volatile than commercial banks because of its large wholesale and markets businesses,” said Kaori Nishizawa , a director at Fitch Ratings in Tokyo. “The challenge remains to manage and control earnings volatility.” This account of Nomura’s evolving ambitions and challenges is base...

宏观新闻 1、外交部发言人宣布：应国务院总理李强邀请，英国首相斯塔默将于1月28日至31日对中国进行正式访问。外交部发言人郭嘉昆昨日介绍有关情况表示，斯塔默首相此访是英国首相时隔八年再次访华。访问期间，习近平主席将同他会见，李强总理、赵乐际委员长将分别同他会谈、会见，就双边关系和共同关心的问题深入交换意见。 2、商务部新闻发言人就中英经贸合作情况答记者问表示，据了解，届时斯塔默首相将率50余家英国大企业高管和机构代表随访，涵盖金融、医药、制造业、文化、创意等英优势领域，充分体现了英方对深化双边经贸关系的热切期待。中方高度重视对英经贸合作，正与英方积极筹备此访的经贸成果，以及2026中英企业家委员会会议。中英企业积极踊跃参会，目前已有100余家企业代表报名参加。访问期间，商务部拟与英方签署贸易投资合作方面成果文件，力争打造中英经贸合作的新增长点。 3、中国人民银行统计，2025年四季度末，人民币房地产贷款余额51.95万亿元，同比下降1.6%，全年减少9636亿元。2025年四季度末，房地产开发贷款余额13.16万亿元，同比下降3.0%，全年减少3575亿元。个人住房贷款余额37.01万亿元，同比下降1.8%，全年减少6768亿元。 行业新闻 1、国务院总理李强日前签署国务院令，公布修订后的《中华人民共和国药品管理法实施条例》，自2026年5月15日起施行。国家药监局表示，这次修订是条例施行23年来的首次全面修订。修订后的主要内容包括，支持以临床价值为导向的药品研制和创新，鼓励研究和创制新药，支持新药临床推广和使用。 2、中微半导、国科微两家半导体公司相继发出涨价函，公司旗下部分芯片产品将不同程度涨价。中微半导发布的涨价通知函显示，部分产品涨价幅度15%~50%。国科微发的涨价函显示，1月起部分产品涨价80%。 3、易方达黄金主题LOF1月27日公告，1月28日起暂停A类人民币份额申购及定期定额投资业务。 4、欧盟空间事务专员安德留斯·库比留斯当地时间1月27日在布鲁塞尔举行的一次会议上表示，欧盟政府卫星通信计划已于“上周”启动。该计划汇集了27个欧盟成员国政府拥有的卫星的现有通信能力。 5、国家疾控局介绍，综合研判，此次印度尼帕病毒病疫情对我国产生的影响相对较小。目前，我国尚未发现尼帕病毒病病例。但也存在一定境外输入风险，需加强防范。 6、上期所昨日发布公告，上海期...

Yale Goes Tuition-Free For Middle-Class As Dartmouth Prez Pushes 'Protections For Unpopular Views' Starting this fall, Yale University will offer free tuition for new students from households earning less than $200,000 - excluding room, board, fees and books, while admitted students whose families make less than $100,000 will pay nothing. Tuition alone at Yale is $72,500, while the full cost of attendance - including room, board, fees and books, is around $98,000. The move adds Yale to a growing list of Ivy League institutions with similar financial-aid programs aimed at middle-class families, including Harvard and MIT. The past few years have brought a string of announcements from schools making their financial aid more generous, including Harvard, MIT and University of Pennsylvania , which each offer tuition-free entry to families making up to about $200,000. Schools including Stanford, Princeton and the University of Texas system cover tuition for students whose families earn close to or above six figures. - WSJ "We have made a lot of progress with low-income families and students over the past decade, and now we want to continue to make those inroads with some of our middle-class and upper-middle-class families," said Yale's dean of undergraduate admissions and financial aid, Jeremiah Quinlan. That said, Quinlan told the Wall Street Journal that the deal applies to families with "typical assets," though he did not elaborate on what defines typical. "If you have an outsized asset portfolio, even if you have an income level that’s in one of these areas, you might get a different financial-aid offer," he added. Roughly 1,000 Yale undergrads out of 6,800 attend the school at no cost, while 56% receive some aid. This, as the university's endowment grew 11% last year to $44 billion , the WSJ reports. According to a Harvard-based team of researchers at Opportunity Insights, enrollment at Yale has been strong among low-income (subsidized) students and high-income studen...

SK Innovation reports Q4 operating profit of $235 million Reuters

特朗普1月27日离开白宫，前往艾奥瓦州演说，开始为11月中期选举造势。 （彭博社） 美国总统 特朗普 说，美国政府将与韩国政府就 关税 问题“达成某种协议”。 韩联社报道，特朗普星期二（1月27日）前往艾奥瓦州演说前被问及是否会提高对韩国的关税，他说：“我们将与韩国达成某种协议。” 特朗普前一天在社交媒体贴文，称美国对韩国汽车、木材、药品等进口产品的关税从15%提高至25%，原因是韩国国会迟迟未批准韩美贸易协议。 韩国总统府青瓦台27日上午召开紧急会议讨论对策，并检视《对美投资特别法》的处理进展。 青瓦台会后说，特朗普的言论属个人表态，关税调整要由美方正式启动程序。韩方将冷静应对，并重申履行韩美协议的立场。韩国政府也将派产业部长与通商本部长赴美，与美方展开磋商。

Source: Bloomberg, 5:15

中国物流与采购联合会今天公布2025年冷链物流（885502）运行数据。在消费（883434）需求不断释放的带动下，我国冷链物流（885502）行业保持稳步增长，市场规模和基础设施持续扩容。2025年我国冷链物流（885502）市场规模持续扩大，基础设施建设稳步推进。中国物流与采购联合会冷链专业委员会数据显示，2025年冷链物流（885502）需求总量为3.81亿吨，同比增长4.50%，增速较2024年加快0.2个百分点。从物流总收入来看，2025年全年冷链物流（885502）总收入为5567.1亿元，同比增长3.84%，增速较2024年加快0.14个百分点。(财联社)

HJBC/iStock Editorial via Getty Images Capgemini SE ( CAPMF )( CGEMY ) is continuing to see pretty slow sales cycles as in our previous coverage , in part due to pressure from macro in some markets like France (down almost 5% in sales) but also just more generally. While they are pushing harder into the GenAI stuff, and are trying to consolidate their Agentic AI offering also with the acquisition of WNS, we aren't really thrilled by the business proposition at this point. For the coming Q4, there isn't an acceleration expected and growth is going to be mostly inorganic from the inclusion of WNS. The growth isn't good in absolute terms, we don't think there will be that much more to monetise in GenAI at the moment, and we also don't like what they paid for WNS which is in a similar boat to Capgemini as far as we can see. A pass. Latest Results There was a sequential improvement in sales driven by financial services and TMT. Manufacturing is in decline but less so YoY, reflected also in the segment breakdown of operations and engineering revenue only up 1.3%. Q3 revenues are up 2.9% ahead of bookings at 1.5% , better than the 0.2% YoY growth as of the FY but also with a 1% contribution from M&A. The GenAI and Agentic AI opportunity is not too bad. It's around 8% of bookings at this point which clearly means that it's been holding the fort while macro pressure, the main culprit of the spending pressure on clients, limits overall growth. In terms of the outlook, things aren't great. They do not expect a better demand environment. Q3 was a solid improvement of a couple of points in growth, but it will not be accelerating beyond that point. Q4 should be in line with Q3 on an organic basis, with additional growth coming from the WNS acquisition . WNS Acquisition And Bottom Line We aren't impressed by the acquisition. WNS has not been producing great revenue growth on its own , about in line with Capgemini. Yet with Capgemini trading below 10x EV/EBIT, the acquisition multi...

格隆汇1月28日｜中国物流与采购联合会今天（28日）公布2025年冷链物流运行数据。在消费需求不断释放的带动下，我国冷链物流行业保持稳步增长，市场规模和基础设施持续扩容。2025年我国冷链物流市场规模持续扩大，基础设施建设稳步推进。中国物流与采购联合会冷链专业委员会数据显示，2025年冷链物流需求总量为3.814亿吨，同比增长4.50%，增速较2024年加快0.2个百分点。从物流总收入来看，2025年全年冷链物流总收入为5567.1亿元，同比增长3.84%，增速较2024年加快0.14个百分点。