One of the most resilient currencies of early March — the Canadian dollar — is at risk of losing its edge as the nation’s central bankers gather this week to assess its weakened economy. Tim Baker , Deutsche Bank’s head of foreign-exchange research for the Americas, is among those on Wall Street who is taking a more negative view on the loonie ahead of Wednesday’s Bank of Canada meeting. While the central bank is expected to hold its key rate steady, Baker says officials’ tone could be enough to pressure the currency. “They could shift to sound more concerned about a lack of growth,” he said. “That would pave the ground for a material dovish repricing in interest rates relative to Group-of-10 peers, dragging the Canadian dollar down.” The loonie’s relative resilience compared to Group-of-10 peers, seen in the days after the US attacked Iran and energy prices soared, is already starting to fade. Its outperformance has shown signs of waning as the loonie has failed to catch up with the rebound across developed-nation peers. The Canadian dollar is little changed against its US counterpart this week around 1.37. This month, it’s down about 0.4% against the US currency. The Bank of Canada is widely expected by market participants and economists to keep the policy rate at 2.25% on Wednesday. Beyond that, traders in the swap market are still pricing in about 25 basis points worth of rate increases by the end of the year. At the end of February, they’d seen about 30% chance of a quarter-point cut in that same period. “Rates are likely on hold, rhetoric cautious, and markets may be over‑pricing the probability of hikes unless oil prices stay elevated for longer,” said Mark McCormick , chief FX strategist at BMO Capital Markets based in Toronto. “None of this bodes well for the Canadian dollar.” READ: Bank of Canada to Hold as Oil Scrambles Outlook: Decision Guide Data released Friday showed the Canadian economy lost the most jobs in more than four years last month, driving u...

PaulMcKinnon/iStock Editorial via Getty Images With higher oil prices expected to impact inflation, financial markets shifted from anticipating rate cuts to considering the possibility of rate hikes in Canada. In response, longer-term bond yields rose for the first couple of weeks of March, pushing up borrowing costs. About 1.15 million Canadians are expected to renew their mortgages in 2026. Renewing at today’s best 5-year fixed bank rate of 4.45% (up from 3.94% at the end of 2025) would push monthly payments above $3,400 for a typical borrower (average home price of 698K with 10% down and a 25-year amortization) — an increase of roughly $1,100 per month since 2020 (when rates were about 2%)–payments up about 45%. Also, as credit conditions tighten and employment conditions weaken, it becomes harder to qualify for loans. Weak labour data and downside risks associated with the upcoming review of the Canada-United States-Mexico Agreement (CUSMA) help reduce pressure on the Bank of Canada to hold tight against what may prove to be a temporary, highly uncertain supply shock. Many forecasters now frame 2026 as a set of competing scenarios — a prolonged hold at the current 2.25% overnight rate if trade uncertainty drags on, a mid-year cut if growth falters materially, or a late-year hike if resilience persists and inflation proves sticky. Facts on the ground show that despite the BoC lowering its policy rate from 5% to 2.25% since June 2024, a record 15% of Canadian household disposable income is today going toward servicing debt payments — a larger percentage than when policy rates were double-digit in 1990. Today, it’s the level of debt that’s the problem. Canadian household debt was above 177% of disposable income in the final quarter of 2025 (as shown on the lower left since 1991) and still, by far, the highest of G7 nations (shown on the right since 2004, courtesy of Desjardins) . The home price bubble ballooned mortgage debt along with it. While prices have been fa...

Earnings Call Insights: Abeona Therapeutics Inc. (ABEO) Q4 2025 Management View CEO Vishwas Seshadri highlighted growing patient demand for ZEVASKYN, the first and only autologous cell-based gene therapy for RDEB, stating, "Treating our first commercial patient this past December was a significant milestone for Abeona, 2026 is where the launch execution ramps up." Seshadri shared the company is focused on building a "consistent cadence of biopsies, product delivery, and treatments" and operational excellence to support expansion. Chief Commercial Officer Madhav Vasanthavada reported that the number of identified eligible ZEVASKYN patients has grown to "more than 100" from nearly 50 in the previous update. He noted, "Since our launch in Q4 2025, 2 patients have been treated with ZEVASKYN. 3 additional patients have been biopsied for treatment over the coming weeks, and we expect to biopsy additional patients this month." Vasanthavada outlined that all patient treatments and biopsies have been at the first two of four activated QTCs, with the remaining two beginning to schedule patients. The company is "actively working toward onboarding 5 additional centers" and aims to have "at least 7 QTCs active by the end of 2026." Vasanthavada confirmed, "all major commercial payers... have published coverage policies for ZEVASKYN, representing roughly 80% of commercially covered lives," and noted CMS has established a permanent J-code for streamlined billing. CFO Joseph Vazzano stated, "Total revenue for the year ending December 31, 2025, was $5.8 million. Total revenue includes $3.4 million in license and other revenues and $2.4 million in net product revenue." Vazzano added, "Cost of sales for 2025 was $1.5 million," and "Total research and development, or R&D, spending for 2025 decreased $7.6 million to $26.8 million compared to $34.4 million in 2024." Vazzano also reported, "SG&A expenses for 2025 were $65 million, an increase of $35.1 million over 2024," driven by commerci...

Guido Mieth/DigitalVision via Getty Images One of my favorite companies in the banking sector over the last few years now has been Wintrust Financial Corporation ( WTFC ), a rather large bank with a market capitalization as of this writing of $9.63 billion. This is, quite frankly, larger than most of the banks that I analyze. Typically, I focus on those between $100 million and $1 billion in size. And that's because I believe that, for the most part, that's where you find the greatest opportunities since market participants can overlook them. But every so often, a larger institution will just make sense. A fantastic example is this particular candidate. But in recent months, it may not seem that way. Since I reaffirmed the company as a "Buy" candidate back in December of last year, shares are down 1.9%. Over that same window of time, the S&P 500 is up 0.3%. This is disappointing to say the least. However, when you look at the picture over a longer window of time, things look quite a bit better. Since I originally rated it a "Buy" in June 2023, the S&P 500 is up 52.3%. However, Wintrust Financial Corporation has shot up 102.4%. This is a fantastic amount of outperformance. And while I do think that the easy money has already been made, when looking at the data, it is difficult to turn neutral on it just yet. Yes, the stock is more expensive than I would like it to be. But on the other hand, asset quality is robust and growth is solid. Given this combination of factors, I believe that reaffirming it as a very soft "Buy" candidate is the appropriate choice. Not Perfect, But Pretty Good Whenever I analyze a publicly traded bank, the first place that I like to start with is deposits. These are vital to the banking sector primarily because they serve as fuel for future growth. So even though an increase in deposits means additional liabilities that the company has to contend with, the result, when a bank operates appropriately, is more wealth for investors. At the end of ...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Meta Platforms (META) has quickly moved back into the spotlight after signing a five year AI cloud deal with Nebius worth up to US$27b and reportedly weighing workforce cuts of 20% or more. See our latest analysis for Meta Platforms. These headlines arrive after a mixed stretch for investors, with a 1 day share price return of 2.24% contrasting with a 7 day share price return of 3.08% and a 90 day share price return of 4.52%. Even so, the 3 year total shareholder return of about 7x and the 5 year total shareholder return of 115.43% highlight how recent volatility compares with a much stronger longer term record. Current AI spending and potential layoffs are clearly influencing how the market is reassessing both growth prospects and risk. If you are tracking how big AI moves are shaping other opportunities, it can be useful to scan beyond just the mega caps and review 63 profitable AI stocks that aren't just burning cash With Meta trading at US$627.45 and some models pointing to intrinsic value around US$730, plus a sizeable discount to many analyst targets, you have to ask: is this AI heavy spender still underpriced, or is future growth already baked in? Most Popular Narrative: 13.2% Undervalued According to the most followed narrative, Meta's fair value of $723.11 sits above the last close of $627.45. This places real weight on its AI and metaverse spending. Meta’s Q3 2024 results present a company aptly juggling growth, efficiency, and investing for the future. Prudent cost management and strategic geographic expansion underlined its resilience in the core ad business. Meanwhile, Meta continues to invest heavily in AI and the metaverse, a premeditated risk to secure its position at the forefront of the next wave of digital innovation. Though significantly high losses at Reality Labs in the near term are considered a challenge, this might be a part of ...

辉瑞 公司报告称，其实验性乳腺癌药物atirmociclib在一项中期临床试验中达到了主要目标。这是其肿瘤学管线向前迈出的一步。 2期FOURLIGHT-1研究在患有激素受体阳性、HER2阴性的晚期或转移性乳腺癌的个体中，考察了atirmociclib联合fulvestrant的效果。研究显示，无进展生存期明显优于常规疗法。 该试验包括264名已接受过CDK4/6抑制剂治疗的受试者。辉瑞报告称，该药物的安全性特征易于管理，约有6%的患者因不良事件而停止治疗。 总生存期（次要终点）的数据尚不完整，将在未来的更新中再次评估。该公司也在进行一项3期试验，以观察该疗法作为转移性癌症一线治疗的效果。 辉瑞还希望在即将召开的医学会议上展示另一项针对早期乳腺癌的2期研究的结果。 这些发现支持了辉瑞扩大其肿瘤学产品组合的更大计划。下一步的进展将来自更多的临床数据和正在进行的后期试验的进展。 责任编辑：张俊 SF065

NVDA: AI-driven token manufacturing and $1T+ demand signal rapid growth and evolving business models TradingView

Dilok Klaisataporn Nancy Lazar, chief global economist at Piper Sandler, is forecasting zero interest rate cuts for the remainder of 2026, citing a combination of already-stimulative monetary policy, robust fiscal support, and an improving labor market. Her outlook stands in contrast to broader market consensus, reflecting a more optimistic view of the U.S. economy’s resilience. In an interview with CNBC, Lazar explained that the Federal Reserve has already cut rates by 175 basis points, bringing the level of interest rates to roughly 3.60%—well below nominal GDP growth. “The level of rates is one net stimulative. You see that in banks [and their] willingness to make loans,” she said, noting that bank lending and money supply have both picked up as a result. Fiscal stimulus is providing additional tailwinds to growth, according to Lazar. She pointed to tax refunds and capital spending incentives as key drivers, estimating that debt stimulus alone boosts GDP growth by 2 percentage points this year, with fiscal measures adding another 1.5 percentage points. These factors are particularly supportive of middle-income consumers, who she views as the primary engine of economic growth. Lazar also highlighted signs of strength in the labor market, questioning the prevailing narrative of deterioration. “Tell me why unemployment claims have come down. If the labor market is deteriorating, why do so many anecdotes of employment from the ISM surveys to regional Fed surveys show that the employment backdrop is incrementally improving?” she said, describing multiple “green shoots” emerging as the economy moves through 2026. While acknowledging that oil prices ( CO1:COM ), ( CL1:COM ) near $100 per barrel could pose challenges, Lazar argued that the impact would be far less severe than during past energy shocks. The U.S. has shifted from a net energy importer in the 1990s to a net energy exporter over the past 15 years, fundamentally changing the economy’s vulnerability to oil pri...

Pla2na/iStock via Getty Images Introduction It has been a while since I last reviewed Realty Income Corporation ( O ) while it was going through one of its most important stretches as it partnered with Singapore’s sovereign wealth fund to launch the firm’s private capital initiative. Since my last analysis , O has seen its stock price appreciate by over 13% and a total return of nearly 15%. I’ll go into why I believe the firm is a good investment despite the higher stock price. Current Dynamics I’ll first dive into the latest earnings release to have a quick understanding of what the financials look like. O reported a total revenue for the year of $5.75B, which is an impressive 9.1% increase over 2024, thanks to the high velocity of deals and a high portfolio occupancy. Same-store rental revenue growth was particularly strong at 1.1% for the quarter and 1.3% for the full year. Adjusted funds from operations, or AFFO, stood at $1.08 for the quarter, which is also an impressive 2.9% Y/Y growth. This is even more impressive considering the expiration of lower-cost debt that requires refinancing in a tighter credit environment. For 2026, O has signaled that it will accelerate capital deployment, with management establishing an initial investment volume target of around $8B for the year, representing a 27% increase over the $6.3B deployed in 2025. This will be supported by the new private capital avenues and the robust pipeline in both the U.S. and Europe, in Q4 alone, the company invested $2.4B at a cap rate yield of 7.1%, suggesting that cap rates have started to show a strong spread over the cost of capital. Now, by the end of 2025, O’s portfolio comprised 15,511 properties leased to 1,761 clients across 92 industries. The portfolio is simply massive and more impressive; the occupancy rate rose to 98.9%, actually up from the previous quarter’s levels. Furthermore, the company managed 378 lease expirations and re-leased 285 units to existing clients. The partnership wi...

Joe Hendrickson SoFi Technologies ( SOFI ) dropped 2.1% amid a short report from Muddy Waters Research. Muddy Waters disclosed it's short shares of SoFi ( SOFI ). SoFi wasn't immediately available to respond to Seeking Alpha's email request for comment. More on Sofi SoFi: 1 Million Reasons To Buy SoFi Is Gradually Derisking By Moving To A Capital-Light Model SoFi Technologies Is On Sale Once More (Rating Upgrade) SA analyst upgrades/downgrades: ADBE, AAPL, SOFI, LOW Insider Trades: Boeing, Coca-Cola, Exxon Mobil among notable names

英特尔 公司股价周二下跌约2%，投资者对英伟达年度GTC大会上公布的新人工智能更新做出反应。此次下跌是在市场高度关注英伟达展示的下一代GPU系统和扩展的AI基础设施计划之后发生的。 在大会上，英伟达概述了其最新的硬件路线图，包括Vera Rubin架构和更新的基于Blackwell的系统，旨在提升AI推理性能。该公司还重点介绍了新的专注于推理的芯片，并预计AI基础设施的长期需求强劲，这强化了以GPU为中心的平台将继续成为数据中心部署核心的预期。 这些公告突显了英伟达进一步转向AI推理工作负载，这正日益与实时应用和基于代理的系统联系在一起。其他观察人士指出，通过强调更快的GPU系统，投资者的注意力可能会从基于CPU的战略上转移开，而基于CPU的战略也是英特尔AI数据中心战略的组成部分。 英特尔也一直在强调其采用x86处理器的AI推理能力，并在集成系统中与英伟达合作。然而，市场参与者正逐渐意识到，由于其更宏大的路线图和不断发展的生态系统，英伟达可能在不久的将来颠覆半导体行业的竞争格局。 责任编辑：张俊 SF065

The Kalshi market 'Will Iran effectively close the Strait of Hormuz for 7+ days?' appears on a smartphone screen, with the Kalshi logo displayed on a laptop computer screen in the background, in this photo illustration taken in Chania, Greece, on March 9, 2026. Nikolas Kokovlis | Nurphoto | Getty Images Arizona's attorney general has filed misdemeanor criminal charges against Kalshi, accusing the predictions platform of running an illegal gambling and election wagering operation in the state. They're the first criminal charges to have been filed against Kalshi, though the company is embroiled in multiple lawsuits and investigations and has received dozens of cease-and-desist letters across the nation. Prediction platforms like Kalshi have drawn comparisons to online sports gambling as they allow users to wager on the outcomes of events in pop culture, politics, sports and more. Multiple states have argued that legalizing and regulating sports betting is under the jurisdiction of local regulators and outside the authority of the Commodity Futures Trading Commission, which regulates event contracts and the prediction markets. States like Michigan and Massachusetts have filed civil lawsuits aimed at stopping operations or compelling Kalshi to meet gambling license requirements. In the Arizona filing, Attorney General Kris Mayes charged Kalshi with 20 counts of accepting various bets in Arizona without a license, including wagers on state elections, which is separately and explicitly forbidden under Arizona law. "No company gets to decide for itself which laws to follow," Mayes said in a statement. Kalshi draws distinctions between the event contracts it offers and what sportsbooks and casinos offer. "Sadly, a state can file criminal charges on paper thin arguments," the company said in a statement to CNBC. "States like Arizona want to individually regulate a nationwide financial exchange, and are trying every trick in the book to do it. As other courts have recognized ...

Qin PinLi Several networking and semiconductor companies revealed new data center solutions during the Optical Fiber Communication Conference and Exhibition this week in Los Angeles. It included product announcements from Coherent ( COHR ), Lumentum ( LITE ), Marvell ( MRVL ), and Keysight Technologies ( KEYS ). Coherent revealed multiple co-packaged optics technologies at the event, including a 6.4T socketed CPO based on silicon photonics, paired with its External Laser Source module powered by its own high-power InP CW lasers; a multimode socketed CPO built with its high-speed VCSELs; and an InP modulator on silicon operating at 400G. Coherent shares were up 1% during afternoon trading on Tuesday. Lumentum introduced various scale-out and scale-up networking applications. This included the 1.6T DR4 OSFP pluggable transceiver prototype that uses four Lumentum 400G differential EML lasers and is a stepping-stone for its future 3.2T module; an 800 mW super-high-power laser; and the 16-channel DWDM UHP laser. "From 400G per lane pluggable modules to ultra-high-power laser sources and advanced coherent monitoring, our portfolio is designed to enable the scale, speed, and efficiency required by next-generation AI and cloud data center infrastructure," said Rafik Ward, Lumentum's Chief Strategy Officer and Chief Marketing Officer. Marvell partnered with Lumentum to showcase its optical connectivity solutions, including Aquila 1.6T coherent-lite DSPs , Ara 1.6T PAM4 optical DSPs , and the COLORZ® 800 ZR/ZR+ DCI module interoperating with the Lumentum R300 OCS. "By demonstrating Marvell optical connectivity solutions interoperating with Lumentum's OCS platform, we're showcasing how tomorrow's AI networks can achieve massive gains while delivering breakthrough gains in performance, power efficiency, and architectural agility," said Xi Wang, senior vice president and general manager of the Connectivity Business Unit at Marvell. Lumentum shares were up 2.8%, and Marvell was d...

josefkubes/iStock via Getty Images The European Union is expected to delay the impact of its global banking reform plan that would put EU banks at a disadvantage to U.S. banks, which may be subject to a lighter touch in regulation, according to a media report on Tuesday. Brussels will adopt legislation after Easter to offset the short-term impact of the Fundamental Review of the Trading Book (FRTB), the Financial Times reported, citing two officials familiar with the plan. The review is an important part of the Basel III framework regulating market risk. The FRTB revamp takes a more risk-sensitive approach for trading activities, supplanting previous models with stricter rules on how banks estimate potential losses and set aside capital buffers, the article said. The EU plans to use a temporary multiplier that eliminates the increase for banks' trading activities for up to three years, the officials told the FT . The delay in reforming capital rules isn't the first as different jurisdictions adjust regulations and shift timelines to ensure their banks stay competitive on a global basis. In June 2024, Bloomberg reported that the EU was delaying Basel III bank capital rules as it waited to see what the U.S. rules would be. The UK, earlier this year, delayed its implementation of FRTB's internal models framework until 2028. Last week, Michelle Bowman, the Federal Reserve's vice chair for supervision, previewed proposed rules that would reduce capital requirements for the largest banks "by a small amount." They would also eliminate duplicative calculations for risk-based capital for such banking giants as JPMorgan Chase ( JPM ), Bank of America ( BAC ), Citigroup ( C ), and Wells Fargo (WFC.) That announcement increased concerns that European banks would face disproportionately higher capital charges if the EU continues with its full implementation of FRTB, the FT said. In late trading in the U.S., Deutsche Bank ( DB ) stock rose 0.9%, Banco Santander ( SAN ) increased ...

adventtr/iStock via Getty Images I’ve been covering the VanEck Semiconductor ETF ( SMH ) since early August 2025, and it has been the best-performing asset I’ve written about here. It’s up 38% since August, and I maintain my $577 price target for the end of 2026. I’m especially bullish seeing as one of SMH’s top holdings, Micron Technology, Inc. ( MU ), a recent addition to my personal portfolio, is set for an incredible year. But then again, so are all the rest of SMH’s top holdings, the overwhelming majority of which are either based in America or have been making serious efforts to expand their operations in the United States. Let’s get into it. The Opportunity: Of Chips and Shovels Mark Twain famously once said, “During the gold rush, it’s a good time to be in the pick and shovel business.” That’s essentially what the semiconductor is to the modern tech industry. Everything from an AI program to the smartphone in your pocket to the supercomputers they have at NASA relies on semiconductors. In a tech industry that leaps from trend to trend, semiconductors are the chip and shovel play that will help you profit from it no matter what’s dominating the headlines. SMH is a fantastic one-ticker play on the entire industry. With an expense ratio of 0.35%, it’s rather cheap to hold but still more expensive than its competitor from Vanguard, the Vanguard Information Technology Index Fund ( VGT ) at 0.09%, and the Xtrackers Semiconductor Select Equity ETF ( CHPS ) at 0.15%. But, as I’ve said in my previous coverage of SMH, this is a prime case of getting what you pay for. Over the past year, SMH has crushed VGT and CHPS with a 1-year return of 74.98% to VGT’s 21.98% and CHPS’ 57.86%. The reason for VGT’s underperformance relative to SMH and CHPS is concentration. 34.2% of VGT’s portfolio is invested in the semiconductor industry, but the fund is broader in scope and holds various software, manufacturing, and component companies, among others. Not all of those industries ar...

Source: Bloomberg, 4:51

tadamichi/iStock via Getty Images The following segment was excerpted from the Touchstone Sands Capital Select Growth Fund Q4 2025 Commentary . Portfolio Review The Touchstone Sands Capital Select Growth Fund (Class A Shares, Load Waived) underperformed its benchmark, the Russell 1000® Growth Index, for the quarter ended December 31, 2025. Security selection weighed on relative performance across all seven sectors in the Fund, with the largest impact from Health Care, Information Technology (IT), and Communication Services. Outside of Health Care, results were primarily affected by weakness in consumer internet holdings and underweights to mega-cap businesses that outperformed during the quarter. The Fund’s results stood in contrast to the broader market, which saw a sharp reversal in high-momentum segments. Underperformance was concentrated in October and November and largely stemmed from positioning within the Magnificent Seven, as well as cautious forward guidance from internet businesses that faced heightened scrutiny over increased capital spending. Despite this, many of those same consumer internet holdings—leaders in streaming, gaming, food delivery, and social media—delivered strong third quarter results, with accelerating user growth, engagement, and gross merchandise value. Announcements of higher investment spending weighed on share prices but, in our view, reflect strategic reinvestment from a position of strength to support future earnings growth. Positioning in the Magnificent Seven, the primary headwind in the third quarter, continued to detract from relative performance in the fourth, though to a lesser degree. Performance dispersion within this group remained elevated, driven by rapid advances from key AI model developers and persistent market skepticism about the returns required to sustain infrastructure spending. This contributed to ongoing mean reversion among mega-caps, a defining feature of the AI era that has produced sharp near-term volatili...

Nebius Group股价盘中下跌9.44%，此前该公司宣布在与Meta Platforms达成重大商业协议后，计划通过可转换债券融资约37.5亿美元。此次发行包括两批将于2031年和2033年到期的优先票据，所得款项将专门用于数据中心扩张和购买定制芯片。 此次融资是在Meta承诺在五年内支出高达270亿美元以获取Nebius计算能力后不久进行的，这是两家公司之间的第二项重大协议。 此次发债使Nebius与CoreWeave和Nscale一同成为转向信贷市场为资本密集型建设融资的AI数据中心专业公司。彭博社指出，这一趋势引发了人们对行业潜在泡沫的担忧。Nebius上周还获得了英伟达20亿美元的战略投资，双方合作涵盖联合AI工厂设计和多代基础设施部署。 责任编辑：张俊 SF065

Source: Bloomberg, 40:56

格隆汇3月18日｜伊拉克库尔德斯坦地区总理巴尔扎尼表示，与巴格达政府的磋商将继续进行，以确保为石油和天然气公司提供保障，使其能够在安全的环境中恢复生产。

Appeals Court Lifts Block On Expedited Third Country Deportations Authored by Stacy Robinson via The Epoch Times, An appeals court ruled on Mar. 16 that the Trump administration could continue deporting illegal immigrants to places other than their native countries, without giving them a chance to protest against their destination. “There is more work ahead on this important issue, but this is a key win for [President Donald Trump’s] immigration agenda,” Attorney General Pam Bondi said on X. The 2–1 ruling by the Court of Appeals for the First Circuit paused a previous decision by Judge Brian Murphy of the U.S. District Court for the District of Massachusetts, who ruled in February that the government’s policy was illegal. Murphy’s ruling concerned two Department of Homeland Security memos, which said that if the United States had diplomatic assurances from a third country that deportees would not face persecution or torture, they could be sent there without any extra procedures. “[The Department of Homeland Security] has adopted a policy whereby it may take people and drop them off in parts unknown ... and, ‘as long as the department doesn’t already know that there’s someone standing there waiting to shoot ... that’s fine,’” he wrote in his decision in February. The Trump administration filed an appeal, asking the First Circuit to halt Murphy’s order, which it said “contains multiple serious legal errors.” On March 5, it asked for a stay of that order while the case proceeds in court, noting that the U.S. Supreme Court had already halted Murphy’s previous rulings twice in this case. Murphy noted the same thing in his ruling and said he would give the government 15 days to appeal before his order took effect. “Ultimately, this court could be missing something in the final analysis,” he wrote. In its filing , the Justice Department argued that neither courts nor immigration judges are allowed to “second-guess” the government’s conclusion about whether a country is sa...

Geng Li Macau gross gaming revenue is on track for a solid spring, according to tracking by Jefferies. Analyst Anne Ling updated that the firm's latest update from its sources and channel checks for early March support a forecast for strong, low- to mid-teens growth for March, against a relatively easy comparison. Notably, Macau's Chinese New Year Golden Week during February saw record-level visitation and strong premium-mass play. Macau recorded roughly 1.55M inbound visitors over the nine-day Spring Festival/Chinese New Year Golden Week, with single-day arrivals exceeding 227K on the third day of the holiday and marking a new all-time high after three consecutive days above 200K. Macau authorities also reported total checkpoint movements (entries plus exits) near 6.0M over the broader Spring Festival period, highlighting intense cross-boundary flows. Meanwhile, hotel occupancy rates are in the mid-90s percent, with average daily rates up by the mid- to high teens compared to 2025. Looking ahead, Ling and her team believe the growth landscape becomes more complex in the second half of the year as comparisons become more challenging and the battle for market share intensifies. Jefferies expects the proven premium operators Galaxy Entertainment and Wynn Resorts ( WYNN ) to be best positioned as this occurs. Macau casino stocks: Wynn Macau ( WYNMF ) ( WYNMY ), Wynn Resorts ( WYNN ), Sands China ( SCHYY ) ( SCHYF ), Las Vegas Sands ( LVS ), MGM China ( MCHVF ) ( MCHVY ), MGM Resorts ( MGM ), Galaxy Entertainment ( GXYEF ), SJM Holdings ( SJMHF ) ( SJMHY ), Melco Resorts & Entertainment ( MLCO ), and Studio City International ( MSC ). More on the Macau casino sector Melco Resorts: Macau Growth Creates Upside (Rating Upgrade) Melco Resorts & Entertainment Limited (MLCO) Q4 2025 Earnings Call Transcript Melco Resorts & Entertainment Limited 2025 Q4 - Results - Earnings Call Presentation Macau gaming revenue tops estimates amid solid Chinese New Year traffic Chinese New Ye...

优步 科技公司股价周二早盘上涨约5%，此前该公司扩大了与英伟达的自动驾驶合作伙伴关系，以部署自动驾驶出租车。 这家叫车公司表示，计划使用英伟达软件推出一支由AI驱动的自动驾驶车队，预计将在主要城市首次部署，随后在全球更广泛推广。此举是优步在不自行构建技术栈的情况下，扩大无人驾驶出行规模战略的一部分。 此次合作建立在英伟达DRIVE平台之上，该平台提供L4级自动驾驶所需的计算和软件，这意味着车辆可以在特定条件下无需人工操作运行。两家公司预计将在完全自动驾驶运营之前，先从有监督的系统开始推出。 优步一直利用自动驾驶合作伙伴市场，在自动驾驶出租车竞争加剧之际，与各种科技和汽车公司合作。他们也更多地将自己定位为连接乘客与一群自动驾驶运营商的平台，而非拥有自己的车队。 分析师认为，更广泛的生态系统方法可能有助于优步更快扩大规模，但完全自动驾驶的时间表可能取决于各市场的监管审批和基础设施准备情况。 责任编辑：张俊 SF065

格隆汇3月18日｜伊拉克库尔德斯坦地区总理巴尔扎尼表示，我们已决定在条件允许的情况下，尽快通过库尔德斯坦地区输油管道出口石油。

File Image: Anthropic CEO Dario Amodei Anthropic vs Pentagon: Who said what Anthropic's 'sorry' and lawsuit for the American government Palantir CEO Alex Karp has a message for Anthropic and everyone supporting Claude maker's CEO Dario Amodei. In an interview with Fortune, Karp said that he wants to make one thing clear and that is: the Defense Department is not using AI for domestic mass surveillance on American citizens — and, to his knowledge, it has no plans to. Palantir is one of America's biggest defence software companies. The Miami-based data analytics and artificial intelligence platform Palantir is a key software provider for the Department of Defense or Pentagon as it is commonly called. Palantir's software is the main channel by which the Department has been using Anthropic’s large language model, Claude.Speaking on the sidelines of the company’s twice-a-year AIP conference recently, Palantir CEO Alex Karp said, "We are legitimately still in the middle of all this.”He added, “It’s our stack that runs the LLMs.” Anthropic partnered with Palantir in 2024 to offer its AI technology to the DoD via Palantir. Anthropic also began working directly with the DoD last year to create a version of its technology designed for the Defense Department.Kind of siding with the Pentagon in its battle with Anthropic, Karp said, “Without commenting on internal dialogs, there was never a sense that these products would be used domestically,” Karp said.“The Department of War is not planning to use these products domestically. That’s a completely different kettle of fish… The terms the Department of War wants are completely focused on non-American citizens in a war context. ”For more than a year, Anthropic's Claude has been the AI model of choice for the US government, and reportedly the first frontier system cleared for classified use. In January, Anthropic's AI tools were said to have been used in the capture of Venezuelan President Nicolás Maduro. However, in the past few we...

Ben Snider, chief U.S. equity strategist at Goldman Sachs, said the six- to 12-month trajectory for the S&P 500 ( SP500 ) and broader U.S. equity markets remains healthy despite elevated uncertainty. In an interview with CNBC, Snider emphasized that fundamental earnings growth remains intact even as investors navigate geopolitical tensions. “Obviously, uncertainty today is very elevated,” Snider said. “But if we look forward six, 12 months, the trajectory of earnings growth for the S&P 500 ( SP500 ) and the broader US equity market still looks very healthy.” The strategist noted that windows of opportunity are closing for certain cyclical trades that had performed well since late last year. Sectors like consumer discretionary ( XLY ) and parts of industrials ( XLI ) saw cyclical acceleration from October through January, but Snider believes investors should now look elsewhere. “We think we’re coming to the later days of those cyclical trades in particular,” he said. Snider recommended that investors rotate away from small-cap ( IWM ), ( SP600 ) and lower-quality stocks toward larger companies with more stable fundamentals. He advised moving into companies with “stronger balance sheets, higher profit margins,” noting that while lower-quality stocks had outperformed in recent months, the current environment favors more stable positions. Large-cap technology ( VGT ), ( XLK ), ( IYW ) remains an attractive area, according to Snider, who pointed to artificial intelligence capital expenditure as a major driver. “The AI CapEx story” has been “the highest conviction and most consistent trade this year for investors,” he said, citing significant upward revisions to spending forecasts that have benefited companies receiving revenue from those investments. Despite the growth of private markets, Snider argued that the U.S. public equity market’s liquidity and depth remain unmatched. With several large IPOs potentially on the calendar this year, he said investors should not “be ...