Deagreez/iStock via Getty Images Intro We last wrote about AirSculpt Technologies, Inc. ( AIRS ) in October of last year, when we upgraded the company to a Buy on improving fundamentals. To recap, AIRS, in conjunction with its subsidiaries, operates as a holding company through which body-contouring treatment services (fat removal & skin tightening) are performed at the company's offices. Shares were trading at approximately $10.90 at the time, and our commentary coincided with a cyclical top in AIRS, although the stock reached $12 per share in October of last year. Since then, the freefall has been severe, with AIRS stock down approximately 74% and currently trading at $2.84. Although we were not long the stock at the time (we issued a buy rating), clarification is required here for transparency purposes. First, at the time, AIRS shares were in a multi-month rally, with the stock making higher weekly highs for 7 consecutive weeks. We envisaged the stock (based on established momentum) would climb to at least the $13+ level (IPO related-resistance level), but this was not to be. Being chartists, we believe that all known fundamentals are at all times baked into the company's share-price action. In essence, this means that market action discounts everything. We pointed to this in our October commentary, where not only did management reiterate its full-year guidance on the Q2 earnings call , but also delivered sequential revenue as well as record lead growth plus an improvement in gross margin in the quarter. As mentioned, despite the company's improving fundamentals at the time, since we take our cue always from the corresponding technicals, liquidation would have been swift on moving average crossovers in the subsequent downturn if indeed we were long the stock. Furthermore, it should also be clarified that less weight should be put on technical analysis for low market cap stocks, especially when management expectations and equity raises can significantly move the s...

JulieAlexK/iStock via Getty Images By James Knightley , Chief International Economist, US Job worries mount as price pressures increase The Bank of Canada left its policy overnight interest rate unchanged at 2.25%, as widely predicted, citing the volatility in energy and financial markets and the "heightened risks to the global economy." Regarding growth, they acknowledge that the economy was weaker than anticipated in the fourth quarter of 2025 but that underlying consumer and government spending remained relatively firm. While it is “too early to assess” the economic implications from the conflict in the Middle East, the jobs market is a concern, with unemployment rising to 6.7% in February from January’s 6.5% rate and the economy losing 109k jobs in the first two months of 2026. At the same time, they continue to highlight the headwinds that trade tensions and US tariffs on Canadian-made products present. Headline inflation was lower than predicted in February at 1.8%, but this is being temporarily depressed to base effects tied to sales tax changes last year, while higher energy costs point to upward pressure on prices. Canadian inflation & unemployment Source: Macrobond, ING BoC sees limited scope for broadening price pressures The BoC concludes that “risks to growth look tilted to the downside,” while inflation risks “have gone up.” Canada is not alone in this situation, with Governor Tiff Macklem acknowledging this presents a “dilemma for central banks,” since hiking rates to slow inflation will hurt growth, while lowering rates could stoke inflation to levels well above target. For now, it appears that the BoC will “look through” the threat of near-term inflation, with Macklem suggesting that the BoC’s base case is that with excess supply in the economy, the prospect of higher inflation feeding through into other prices “looks contained.” Still, the BoC will be watchful for potential second-round effects, such as higher wage demands and stands ready to act s...

If you're investing a large chunk of money, like $10,000, you're likely going to want to stick to market leaders with strong growth potential trading at reasonable prices. Let's look at three leading artificial intelligence (AI) stocks that fit that bill. Nvidia: The AI infrastructure king Expand NASDAQ : NVDA Nvidia Today's Change ( 0.29 %) $ 0.52 Current Price $ 182.45 Key Data Points Market Cap $4.4T Day's Range $ 180.73 - $ 183.38 52wk Range $ 86.62 - $ 212.19 Volume 2.3M Avg Vol 176M Gross Margin 71.07 % Dividend Yield 0.02 % The engine that is powering the AI infrastructure buildout, Nvidia (NVDA +0.29%) remains well positioned to benefit from the continued surge in data center spending. Demand for its chips continues to be off the charts, as its graphics processing units (GPUs) and the ecosystem it has built around them are still the best way to train large language models (LLMs). The company has seen incredible growth over the years, including whopping 73% revenue growth last quarter. Incredibly, it expects that growth to accelerate this current quarter, and its long-term outlook remains bright. Meanwhile, the stock is cheap, trading at a forward price-to-earnings (P/E) ratio of under 22.5. Alphabet: The total package Expand NASDAQ : GOOGL Alphabet Today's Change ( -0.13 %) $ -0.40 Current Price $ 310.52 Key Data Points Market Cap $3.8T Day's Range $ 308.89 - $ 312.48 52wk Range $ 140.53 - $ 349.00 Volume 416K Avg Vol 33M Gross Margin 59.68 % Dividend Yield 0.27 % With the most complete AI stack, Alphabet (GOOGL 0.13%) (GOOG 0.16%) is one of the best-positioned AI stocks to own over the long haul. It is the only company that has developed both a world-class LLM and its own custom AI chips. By having its own AI chips, Alphabet has a huge cost advantage with AI model training and inference over competitors that are largely beholden to Nvidia. Best of all, as the need for computing power grows, this advantage just keeps getting bigger. At the same time, Alphabe...

Superstring Capital Management initiated a new position in Sionna Therapeutics (SION 2.82%), acquiring 180,593 shares in the fourth quarter. What happened According to a February 17, 2026, SEC filing, Superstring Capital Management reported a new stake in Sionna Therapeutics totaling 180,593 shares. The quarter-end value of the position stood at $7.43 million. What else to know This new position represents 3.98% of Superstring’s 13F reportable AUM as of December 31, 2025. Top holdings after the filing: NASDAQ:CDTX: $18.80 million (10.1% of AUM) NASDAQ:TERN: $17.93 million (9.6% of AUM) NASDAQ:URGN: $16.82 million (9.0% of AUM) NASDAQ:COGT: $13.01 million (7.0% of AUM) NASDAQ:DVAX: $8.08 million (4.3% of AUM) As of February 13, 2026, Sionna Therapeutics shares were priced at $34.99, up about 144% over the past year and far surpassing the S&P 500’s roughly 19% gain in the same period. Company overview Metric Value Price (as of Wednesday) $34.99 Market capitalization $1.6 billion Net income (TTM) ($75.3 million) Company snapshot Sionna Therapeutics develops biopharmaceutical therapies targeting cystic fibrosis, with a focus on medicines that restore cystic fibrosis transmembrane conductance regulator (CFTR) function. Headquartered in Waltham, Massachusetts, the firm develops medicines for cystic fibrosis patients by normalizing the function of the cystic fibrosis transmembrane conductance regulator. Sionna Therapeutics, Inc. is a clinical-stage biotechnology company specializing in innovative therapies for cystic fibrosis. The company's strategy centers on advancing a pipeline of CFTR modulators designed to address the underlying cause of the disease. With a focused approach to rare disease drug development, Sionna leverages scientific expertise to pursue differentiated treatments in a competitive biopharmaceutical landscape. What this transaction means for investors As you might expect from a biotech up as much as Sionna this past year, the company is heading into a s...

AI, chip stocks mixed ahead of Micron's earnings MSN

In a high-stakes balancing act, Apple CEO Tim Cook is rejecting political labels while aggressively aligning his company with the Trump administration’s "America First" economic agenda. Highlighting a massive $600 billion investment in U.S. operations, Cook defended his proximity to the White House as a necessary pursuit of pro-growth policy — even as he faces a firestorm from the left over his attendance at the "Melania" documentary screening. "You were at the inauguration last year, just feet from the president. You gave him a nice gift at the White House. You were at the screening of ‘Melania,’ the documentary for the First Lady. There's so many people [who] say you're really close to the administration, and you're being criticized for that," "Good Morning America" co-host Michael Strahan told Cook during an interview discussing Apple’s 50th anniversary. "Well, what I do is I interact on policy, not politics," Cook responded. NEW EMOJIS COMING TO APPLE IPHONE IN LATEST UPDATE "I'm not a political person on either side. I'm not political. And so I'm kind of straight down the middle, and I focus on policy," the CEO continued. "And so, I'm very pleased that the president and the administration is accessible to talk about policy." Apple has openly been collaborating with President Donald Trump to reshore critical supply chains and move away from overseas reliance, aiming to secure a made-in-America future that hedges against global trade volatility. Cook further discussed the leading tech company’s $600 billion commitment to the domestic economy over the next four years. "If you looked at your iPhone today, the front cover and the back cover, all of that glass will be coming out of Kentucky by the end of this year. The engine, the system on a chip, we're gonna make over 100 million of those in Arizona this year," Cook said. "We're going to make over 20 billion semiconductors in the U.S. And again, this is not only for the U.S. market-sold iPhones, it's for worldwide ...

从“机器人部件”改为“工业丝杠”，一则投资项目变更公告，将浙江荣泰（001239.SZ）推上风口浪尖。 从“机器人部件”改为“工业丝杠”，一则投资项目变更公告，将浙江荣泰（001239.SZ）推上风口浪尖。 根据公告，浙江荣泰原计划投资7700万美元的“云母制品及机器人部件生产项目”，近日被悄然调整为投资额仅3300万美元的“工业丝杠生产项目”，投资路径与实施主体同步生变。 而近期，浙江荣泰正是在机器人概念的催化下，股价一路狂飙。自2025年4月首次披露机器人业务布局以来，公司股价从30元/股附近启动，至2026年1月已突破120元/股，区间涨幅近3倍。每一轮拉升都与公司收购机器人标的、披露项目进展等动作精准呼应。 就在股价攀高的同时，机构股东及高管却在高点密集套现，累计金额已超3.4亿元。 是否仍投向机器人引争议 近日，浙江荣泰发布公告，拟调整其泰国投资项目，将原计划中的“年产700万套机器人部件生产项目”变更为“年产700万套工业丝杠生产项目”。此次变更涉及项目名称、投资金额、投资路径及实施主体等多个方面。 具体而言，原项目为“年产1.4万吨云母纸、4500吨云母制品及700万套机器人部件生产项目”，总投资额为7700万美元，由公司通过子公司海南荣泰新材料有限公司（下称“海南荣泰”）和新加坡荣泰新材料有限公司（下称“新加坡荣泰”）向项目主体投资。变更后，项目拆分为两个独立项目，其中“年产700万套工业丝杠生产项目”投资额调整为3300万美元，投资路径也改为通过子公司新加坡荣泰电工器材有限公司直接进行投资。 公司方面表示，本次变更投资项目是为了满足公司业务布局需求及相关监管备案的要求。此前公司曾回应称，工业丝杠产品仍用于机器人领域，变更主因并非业务调整，而是政策导向所致。 据公司解释，原计划通过海南荣泰、新加坡荣泰到泰国荣泰的路径进行境外投资，但因海南方面要求企业回浙江办理ODI备案，浙江方面则提出修改项目名称、压缩投资金额及调整投资路径的要求，最终促成了本次变更。 从“7700万美元的机器人零部件”调整为“3300万美元的工业丝杠生产项目”，信息披露前后存在较大差异。 有业内人士质疑，工业丝杠与人形机器人常用的行星滚柱丝杠在精度、负载、响应速度与控制复杂度等方面存在显著技术壁垒。由于公司未披露所产丝杠的具体精度等级（如P1-P3级高端产品或P5级以下低端产品），...

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格隆汇3月18日｜阿富汗塔利班宣布暂时中止针对巴基斯坦的军事行动。

Weibo Corporation ( WB ) shares fell about 7% on Wednesday after the company reported a fourth-quarter earnings miss and weaker margins, despite a revenue beat. Non-GAAP EPS came in at $0.25, missing by $0.07, while revenue rose about 4% year-over-year to $473.3M. Advertising revenue grew 5% to $403.8M, while value-added services fell 2%. Operating income declined to $91.6M from $117.9M a year earlier, with margins narrowing to 19% from 26% as costs rose 13%, and the company posted a net loss of $4.7M versus net income last year. For 2025, revenue was flat at $1.76B, while non-GAAP net income fell to $439.8M. The company also declared an annual dividend of $0.61 per ADS, payable May 22 to shareholders of record on April 17. More on Weibo Weibo Corporation (WB) Q4 2025 Earnings Call Transcript Weibo Corporation: Has Enough Going For It To Take It Higher Weibo Non-GAAP EPS of $0.25 misses by $0.07, revenue of $473.3M beats by $29.02M Seeking Alpha’s Quant Rating on Weibo Historical earnings data for Weibo

Lu shengyi/iStock via Getty Images Lufax Holding Ltd. ( LU ) is trading at an unbelievably low price. After backing out intangibles, goodwill, and deferred tax assets, tangible book value comes to $9.58 billion—more than four times the current market capitalization. Besides, $9.54 billion is just cash and liquid investments. People normally invest in Chinese assets through something like the KraneShares CSI China Internet ETF ( KWEB ) or some other broad ETF; these kinds of investments heavily rely on favorable macroeconomics. But for companies like Lufax, its market capitalization ($2 billion) is far below its $9.58 billion TBV (tangible book value) because of offshore governance and high NPL (Non-Performing Loan) concerns of SBO (Small Business Owner). Investing in it is believing that a balance-sheet mismatch that has existed for months will not continue for years. Investment Thesis The market is afraid of potentially high NPL in SBO, but actually Lufax has reduced the balance of loans in SBO to $17.7 billion as of 2025. The DPD 90+ day delinquency rate has stabilized at 2.9% to 3.4%. At the same time, there is a $1.8 billion loan loss provision on the balance sheet, which can cover a 7% NPL ratio, far more than actual charge-offs. There will not be significant bleeding anymore. PACF (Ping An Consumer Finance) has become the profit driver; the NPL ratio is only 1.1% to 1.3%. PACF already reached $145 million net profit in 2024 (a 1.6% net margin). Also, PACF received regulatory approval for ABS (Asset-Backed Securities) issuance in July 2025. It will help to boost this net margin to 3.6% with a lower cost of funding if take rates keep the same in the near future. Assuming the balance of loans in SBO keeps the same and funding a 10% credit expansion buffer in consumer finance, Lufax only requires < $5 billion in core capital. This means $4.63 billion in excess capital. This creates a strong opportunity for capital to be returned to shareholders via future special ...

Hey, Josh! I can call you that, right? It's Wednesday. Your life as Walt Disney's (DIS 0.06%) new CEO begins today at your company's annual shareholder meeting. This is awkward. I should've said our company's annual shareholder meeting. As a shareholder for decades -- and possibly the only longtime annual pass-holder who has never run into you at Disney World or Disneyland -- I have two things I would like to tell you. There's no reason to think that you will ever read this. I'll just reach a handful of my fellow investors and call it a day. 1. Don't let Disney's stock price consume you Disney stock closed at $91.80 heading into the November 2022 weekend when it was announced that Bob Iger would be returning to lead the media giant that you -- Josh D'Amaro -- just inherited. Here we are, 41 months later, and the shares are trading just 9% higher. The S&P 500 (^GSPC 0.51%) has risen 69% in that time. This brings me to a pair of inconvenient truths: Disney's all-time high of $203.02 was reached five years ago, under Iger's initial replacement, Bob Chapek. Despite achieving most of his major objectives, Iger didn't just lose to the market. He lost to a money market fund. Chapek may ultimately be redeemed from his current status as a punchline for many Disney enthusiasts. He was handed a new streaming service just months after its launch, and it thrived under his watch. He was given a collection of theme parks just as the COVID-19 outbreak was shutting them down, and they reopened to fewer turnstile clicks but ultimately achieved record revenue and operating profitability. History will still regard Iger's second run at the helm as a success. He turned Disney's streaming operations profitable in fiscal 2024. He was able to smooth over Chapek's battle with Florida's governor and other politicos. There are still people on the right and the left who feel he didn't go far enough in their direction, but his diplomatic centering is what Disney needed to return to serving the m...

Key Points Disney's new CEO has some big shoes to fill, even if outgoing helmsman Bob Iger failed to beat the market the second time around. Running any company is hard, but it's particularly challenging for Disney given the contradictory fanbase expectations. Disney stock can use some pixie dust, but rushed pixie dust is just dust. 10 stocks we like better than Walt Disney › Hey, Josh! I can call you that, right? It's Wednesday. Your life as Walt Disney's (NYSE: DIS) new CEO begins today at your company's annual shareholder meeting. This is awkward. I should've said our company's annual shareholder meeting. As a shareholder for decades -- and possibly the only longtime annual pass-holder who has never run into you at Disney World or Disneyland -- I have two things I would like to tell you. There's no reason to think that you will ever read this. I'll just reach a handful of my fellow investors and call it a day. 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. Don't let Disney's stock price consume you Disney stock closed at $91.80 heading into the November 2022 weekend when it was announced that Bob Iger would be returning to lead the media giant that you -- Josh D'Amaro -- just inherited. Here we are, 41 months later, and the shares are trading just 9% higher. The S&P 500 (SNPINDEX: ^GSPC) has risen 69% in that time. This brings me to a pair of inconvenient truths: Disney's all-time high of $203.02 was reached five years ago, under Iger's initial replacement, Bob Chapek. Despite achieving most of his major objectives, Iger didn't just lose to the market. He lost to a money market fund. Chapek may ultimately be redeemed from his current status as a punchline for many Disney enthusiasts. He was handed a new streaming service just months after its launch, and it thrived under his watch. He was g...

美股異動 | 理想汽車(LI.US)跌逾4% 芯片漲價帶來成本挑戰 富途牛牛

圆通速递（600233）公告称，持股5%以上股东杭州灏月出于自身发展战略及资金筹划考虑，计划自2026年4月10日至2026年7月9日期间，通过大宗交易方式减持公司股份不超过6,845.32万股，减持比例不超过公司总股本的2%。杭州灏月系阿里巴巴（BABA）集团控股有限公司内企业。

近日，有关“3000亿港元中东资本涌入香港”的说法在市场刷屏。记者日前走访了香港多家银行、券商、金融机构及中东市场研究人士了解到，中东战事爆发后，香港市场确实出现外资流入增多的现象，其中包含部分来自中东的资金，但具体流入规模与真实流向难以精准统计和核查。可以明确的是：一方面，受中东局势动荡影响，全球资金的避险需求持续升温；另一方面，中东资本近两年来正持续布局香港与内地资本市场，香港已成为包括中东资本在内的全球资金配置的重要选择。事实上，把时间拉长来看，中东资本近两年一直在持续积极地布局香港市场。（第一财经）

格隆汇3月18日｜金山云(KC.US)盘初一度涨超17%，最高触及15.4美元。 消息面上，今日，阿里云、百度智能云相继官宣涨价，涨幅最高34%。早在3月11日，腾讯云智能体开发平台宣布调整计费策略，公测模型于13日从免费转向按量计费，混元系列模型普遍涨价超400%。 光大证券此前指出，全球AI算力需求强劲正重塑云服务行业逻辑。随着AWS打破惯例率先提价，行业恶性价格竞争有望终结，盈利中枢与估值体系将迎来双重修复。金山云作为小米生态内核心云平台，AI业务有望保持高速增长，有望直接受益于行业景气反转与自身成长加速。(格隆汇)

Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Latin American carriers Copa Holdings S.A. ( CPA ) and Volaris ( VLRS ) are both down more than 15% since the Iran conflict and jump in oil prices began. Bank of America analyst Rogerio Araujo and his team estimated that changes in oil prices take approximately 15 and 30 days to flow through to Copa’s ( CPA ) and Volaris' ( VLRS ) results, respectively. "Given this lag, we do not see material risk to Volaris’ 1Q26 guidance. For the full-year guidance, however, we see potential downside risks, especially if oil prices remain high," warned Araujo. Accordingly, BofA cut its price objective on Copa ( CPA ) to $171 from $212 and lowered its price objective on Volaris ( VLRS ) to $9.30 from $11.50. Despite the pressure with jet fuel prices, Bank of America reiterated a Buy rating on Copa ( CPA ) due to attractive valuation at 5.6X the firm's 2027 EV/EBITDA estimates vs. the historical average of 8.0X. BofA is also still bullish on Volaris ( VLRS ) as it pointed to the potential approval of the M&A with Viva-Aerobus as a potential catalyst. More on Volaris and Copa Controladora Vuela Compañía de Aviación, S.A.B. de C.V. 2025 Q4 - Results - Earnings Call Presentation Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (VLRS) Q4 2025 Earnings Call Transcript Copa Holdings, S.A. (CPA) Q4 2025 Earnings Call Transcript Mid-cap industrial stocks taking a hit: U-Haul, Smiths, and GXO Logistics lead sell-off Volaris targets 7% ASM growth in 2026 while advancing Viva merger process

One of the biggest questions facing Nvidia (NVDA +0.28%) in recent years has been the timing of the company's return to the Chinese market. It's been nearly a year since the Trump administration unceremoniously banned the export of artificial intelligence (AI) chips to customers in the country, only to reverse course months later. The Chinese government responded swiftly by banning the use of U.S.-made AI chips in government facilities and state-sponsored organizations. The Trump administration ultimately approved the sale of AI-centric graphics processing units (GPUs) to China, contingent on the seller sharing 25% of the proceeds with the U.S. government. After months of back-and-forth, Nvidia is preparing for a triumphant return to the AI chip market in China. A startling revelation As recently as last month, Nvidia was throwing cold water on the prospects of a return to the world's second-largest market. During the earnings call held on Feb. 25, CFO Colette Kress said, "While small amounts of H200 products for China-based customers were approved by the U.S. government, we have yet to generate any revenue, and we do not know whether any imports will be allowed into China." That outlook changed this week with a surprise announcement by CEO Jensen Huang at Nvidia's GPU Technology Conference (GTC) on Monday. "We've been licensed for many customers in China," he said. "We've received purchase orders from many customers, and we're in the process of restarting our manufacturing. Our supply chain is getting fired up." While estimates vary, Nvidia generated revenue of $12 billion to $15 billion from China in 2024, the last full year of sales in the country. Future sales could be much higher, as Huang previously estimated the size of the market at $50 billion. Expand NASDAQ : NVDA Nvidia Today's Change ( 0.28 %) $ 0.50 Current Price $ 182.43 Key Data Points Market Cap $4.4T Day's Range $ 180.73 - $ 183.38 52wk Range $ 86.62 - $ 212.19 Volume 2.2M Avg Vol 176M Gross Margin ...

Israel and Hezbollah are engaged in intense ground clashes in at least three strategic areas in south Lebanon as Israel pushes on with its ground invasion of its neighbour, according to a Lebanese security source and residents of the affected towns. Much of the fighting was concentrated around the strategic hilltop city of Khiam, with the Israel Defense Forces carrying out an air and artillery campaign against Hezbollah fighters dug into the city. Fighting escalated there after days of clashes, with a Hezbollah spokesperson acknowledging there were “heightened clashes” on the eastern and northern outskirts of the city. As fighting continued in Khiam, Israeli troops attempted to push into border towns in the central and western sectors of south Lebanon. A resident of the Aita al-Chaab border village said fighting was intense between Israeli soldiers and Hezbollah fighters there. A Lebanese security source said that the village was one of a number of border towns that had become the site of heavy fighting, as Israel tried to infiltrate southern Lebanon through various points along the shared border. There, they had been met with resistance by members of Hezbollah. The fighting came as Israel amassed troops along the border, bringing four brigades and columns of tanks ahead of an expanded ground invasion of south Lebanon. The Israeli military said that it had started a “limited ground operation”, as the political echelon discussed expanding the campaign. The war was triggered when Hezbollah launched rockets at Israel on 2 March. Israel quickly launched a military operation on Lebanon with the goal of completely eliminating Hezbollah. Hezbollah styled the war as one of survival for Lebanon, saying it was defending the country from the near-daily Israeli airstrikes on the country since the November 2024 ceasefire between the two parties. Outside Hezbollah’s constituency, the move to drag Lebanon into a war was deeply unpopular. The latest hostilities are a contest betwee...

The White House said on Wednesday that China had agreed to postpone Donald Trump’s visit to Beijing, as war in the Middle East rages on, complicating the US president’s position at home and abroad. China has not yet commented on the delay to the highly anticipated trip, in which Trump and the Chinese president, Xi Jinping, will meet in person for the first time since October. Trump previously said that he hoped to delay the trip, originally scheduled for 31 March to 2 April, for “five or six weeks”. The delay underlines the extent to which the war with Iran is influencing geopolitics far beyond the Middle East. Beijing is watching closely to see what the impact will be on US-China relations, as well as on the US midterm elections in November. A US president keen for electoral success at home may be a more pliable opponent at the negotiating table. But Trump’s unpredictability complicates China’s calculations. Trump and Xi’s meeting, which will now likely take place in May, was expected to focus on the next phase in the US-China trade war, which has been under a temporary truce since October. Trump’s war with a China-friendly country in the Middle East is now likely to be on the agenda. The last-minute delay may come as a relief to Beijing, which never officially confirmed the dates of the original meeting. In recent weeks there have been reports that Chinese officials were “apoplectic” at the lack of US planning for an event that Beijing expects to be tightly choreographed. It may also put more pressure on Trump to reach a deal in Beijing when he eventually makes the trip, as the war in Iran continues to send oil prices soaring. A recent poll by NBC news found that more than half of registered US voters disapprove of the strikes on Iran, including more than one-third of non-Maga Republicans. “Beijing can reasonably assume that Trump wants to avoid a fresh inflation spike heading into the midterms, which gives China some leverage in trade talks,” said Neil Thomas, a ...

格隆汇3月18日｜美国联邦通信委员会豁免首批外国制造的无人机进口限制。

美国政府周三公布的数据显示，受运输设备需求疲软拖累，1 月美国工厂新订单仅小幅上升，其他领域的增长被部分抵消。 美国商务部普查局数据显示，工厂订单环比增长 0.1%，此前 12 月数据经向上修正为下降 0.4%（初值为下降 0.7%）。此次增幅符合经济学家预期。1 月工厂订单同比增长 3.5%。 普查局仍在补报去年政府停摆导致延迟发布的数据。 占美国经济总量 10.1% 的制造业，正遭受特朗普总统全面征收关税的沉重打击。同时，美以对伊朗战争推高油价超 40%，工厂面临更大成本压力。 尽管已被美国最高法院裁定违宪，特朗普仍为关税政策辩护，称其为保护国内制造业所必需。但自 2025 年 1 月以来，美国已流失约 10 万个工厂岗位。 油价上涨或推动油气钻井活动增加，从而提振制造业。但经济学家表示，由此带来的投资增长可能不足以抵消能源成本上升的拖累，且其对经济的传导效应也需要时间。 1 月工厂订单增长主要受机械、初级金属以及计算机和电子产品需求拉动，这可能与人工智能投资热潮相关。 但电气设备、家电及零部件订单下降 0.6%；运输设备订单下降 0.8%，其中国防飞机及零部件需求暴跌 23.8%。 普查局同时公布，作为衡量企业设备投资计划的核心指标 —— 扣除飞机的非国防资本品订单，1 月环比微增 0.1%，而非上周初报的持平。 此类核心资本品出货量环比下降 0.1%，与此前报告一致。去年第四季度企业设备投资放缓，拖累美国 GDP 年化增长率降至 0.7%；第三季度经济增速为 4.4%。 责任编辑：郭明煜

通用汽车（GM）首席财务官Paul Jacobson在美国银行（BAC）全球汽车峰会上表示，高昂的汽油价格可能需要持续四到六个月，才会改变购车者的消费（883434）模式。伊朗的战事推高了油价，但Jacobson认为，这对购车行为的直接影响不大。Jacobson说：“从历史模型来看，通常需要油价持续高企四到六个月，人们才会开始考虑，‘嗯，也许我应该选择更省油的车，或者买个便宜点的车，等等’。“他还说：“就我们目前的情况来看，我们肯定没有看到这种情况。“他说，在因天气原因导致1月份零售表现疲软之后，通用汽车（GM）2月和3月的零售指标基本符合目标。

The European Central Bank heads into its March policy meeting on Thursday, with markets expecting it to hold the deposit rate at 2.00%, as policymakers navigate rising uncertainty following the Iran conflict. Energy-driven inflation risks are back in focus after a sharp surge in oil and gas prices. The decision follows closely on the heels of the Federal Reserve meeting due later in the day, with the U.S. central bank widely expected to keep rates unchanged. Attention will centre on updated projections and forward guidance. While baseline forecasts may only partly reflect the recent energy shock, inflation risks are clearly tilted to the upside. At the same time, euro area growth remains weak, with the economy expanding just 0.2% in late 2025, fuelling stagflation concerns. Markets have turned more hawkish, with expectations building for a mid-year rate hike and another by end-2026. The ECB is therefore likely to adopt a firmer tone, especially as a weaker euro adds to inflation pressures. The Bank of England is likewise expected to keep rates unchanged at 3.75%, despite a tougher backdrop of weak growth and rising inflation, with markets increasingly leaning toward future tightening rather than cuts.

lucadp/iStock via Getty Images I have covered Rezolve AI ( RZLV ) twice here on Seeking Alpha. I initiated coverage in December 2024 at $4.72, and my argument was that the market was underpricing a pre-revenue AI commerce platform with an attractive gross merchandise value (GMV) figure of $50 billion that dominated the headlines. GMV is the total dollar value of transactions a platform touches, not what it earns from them. In Rezolve's specific case, the GMV represented the total value of commerce flowing through retailers where Rezolve's AI technology was embedded to power search, product discovery, and checkout optimization using the Rezolve product stack. The reality at the time was that Rezolve had kept only $188,000 of the $50 billion it processed as GMV in FY24, because Rezolve is not set up as a transaction processor taking a percentage cut per sale, but as a SaaS platform that bills clients on enterprise licensing contracts instead. At that time those contracts had not yet been fully executed at scale, so GMV kept climbing while revenue remained immaterial. I was reading GMV as a forward indicator of monetization potential rather than a measure of current earnings power. The prospect of an emerging platform with potential for enterprise traction and the conviction that missing early-stage upside would be the costlier mistake if RZLV surged, and the AI momentum being at its height at the time, prompted my Buy rating despite the significant disconnect between GMV and recognized revenue. I have now totally moved away from GMV, and I am focused on Rezolve's ARR (annualized run rate revenue) and revenue conversion metrics. GMV was more or less a vanity metric fit for the earlier pre-revenue chapter of Rezolve's story. RZLV fell 51% to $2.33 before I published my follow-up in April last year, where I maintained my Buy on the premise that the organic revenue path was intact and that Rezolve was building a growing moat in the $30 trillion retail market. My tone was ...