波斯湾出口通道受阻，沙特与阿联酋的原油库存也在快速积压 作者：乔治・坎切夫、萨默・赛义德 简要摘要 科威特因储油设施已满，已开始在部分油田减产，这预示着地区性储油危机正在蔓延。 知情人士称，科威特因原油库存饱和、无处存放，已开始 削减部分油田产量 ，这标志着一场范围更广的储油危机来临，给全球市场带来新的风险。 这名人士表示，作为石油输出国组织（OPEC）创始成员国，科威特正讨论 进一步限产、并下调炼油产能 ，仅保留满足国内消费的规模，相关全面减产决议预计将在几天内公布。 数据机构 Kpler 称，已有迹象显示科威特已开始减产，且未来几天必须进一步减产，否则库存将在约 12 天内完全饱和。 关停油井可能对油层压力造成长期损害，重启成本也很高，通常是 最后手段 。根据油层不同，恢复生产可能需要数天甚至数周。 瑞银 大宗商品策略师乔瓦尼・斯托诺沃表示： “一旦出口恢复，产量也不可能当天就全部回来。” 全球约五分之一的石油供应日常经由霍尔木兹海峡运输。 由于伊朗冲突导致这一咽喉航道航运瘫痪，该地区主要产油国正与时间赛跑。Kpler 称，沙特阿拉伯和阿联酋的主要储油设施也在快速饱和，两国库存预计不到三周就会触顶。 一旦储油设施装满 —— 业内称为 “罐顶”—— 产油国将不得不面对停产这一在技术和政治上代价高昂的现实。 “中东储油空间有限，避免库存溢出的唯一办法就是减产。” 斯托诺沃说，“海峡关闭时间越长，原油和成品油供应缺口就越大，价格就会越高。” 冲突爆发以来油价大幅飙升，全球基准布伦特原油从上周约 72 美元 / 桶，升至目前约 89 美元 / 桶。如果未来几天更多油田被迫停产，大量供应暂停可能推动油价再度大涨，部分分析师预计布伦特原油将突破 100 美元 / 桶。 海湾国家 —— 包括沙特、阿联酋、科威特和卡塔尔 —— 高度依赖遍布各地出口终端的大型储油库。 这些设施是关键缓冲，原油和成品油从油田输送至储罐，再通过复杂管网与泵系统按合同标准调和，最后装船运往全球客户。 当霍尔木兹海峡等出口通道受阻时，产油国可暂时将原油注入储罐维持生产。 伊拉克石油官员本周早些时候表示，伊拉克已被迫 将石油产量削减一半以上 。 最大油田鲁迈拉 日产 量减少 70 万桶 西古尔纳 2 号油田日产量减少约 45 万桶 迈桑油田日产量减少约 35 万桶 作为预防措施，伊拉克还暂停了北部基尔库克...

美股资产管理公司和银行股周五大跌，因一系列负面私人信贷事件引发市场对行业健康状况的新担忧。贝莱德跌逾5%，Ares Management跌6.3%，KKR & Co Inc跌6.3%，Blue Owl跌6%，黑石跌5.6%，阿波罗全球管理跌5.5%，美国富瑞金融集团跌逾10%，Western Alliance下跌13%。KBW银行指数下跌逾4%，23家银行股全线下跌至少2.9%。

Key Points Choosing the right investments could help your savings continue to grow as you take withdrawals. Delaying Social Security gives you more protection. The $23,760 Social Security bonus most retirees completely overlook › While many people get excited about the idea of retiring, that transition can also be nerve-wracking. In addition to dealing with a big change in routine, you may be grappling with financial worries -- even if you've managed to accumulate a pretty large nest egg. One reason so many retirees fear running out of money is the perpetual threat of inflation. Even modest price increases can erode your buying power over time. 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 » The good news is that with the right strategy, you can set your savings up to beat inflation. Here are a couple of tips to employ in your retirement plans. 1. Invest in income-producing assets The higher the returns your portfolio is able to generate, the more inflation protection you get. To that end, don't shy away from stocks in retirement, even though you may be feeling pretty risk-averse at that stage of life. You need stocks to produce strong returns that allow your money to grow even while you're taking withdrawals. In particular, you may want to load up on dividend stocks or exchange-traded funds. Not only do these assets have the potential to gain value over time, but the income they produce gives your portfolio a natural boost. Plus, companies with a strong history of paying dividends tend to be less volatile than those focused on chasing growth. 2. Delay your Social Security claim Once you turn 62, you're allowed to sign up for Social Security. And you can get your complete monthly benefits at full retirement age, which is 67 for anyone born in 1960 or later. There's also the option to delay your So...

Hiroshi Watanabe/DigitalVision via Getty Images Investment Thesis As military drone maker AeroVironment, Inc. ( AVAV ), or AV, gets ready to report Q3 FY26 earnings release ("ER") on March 10th , the company is sitting on another huge goldmine of opportunity for allied nations to deploy its drones. The recent & sudden escalation of U.S.-Iran tensions will potentially lead to another surge in demand for loitering uncrewed munitions like drones that are routinely deployed in highly sensitive areas of heavy geopolitical conflicts, creating a huge opportunity for expanding AV’s order backlog, similar to the Ukraine conflict. But AV faces headwinds from the possibility of a talk about losing either parts of or entire contract orders from different defense agencies, which will continue to put pressure on the drone maker’s shares in an interim period, keeping the outlook volatile for the near term. I am downgrading my view on AeroVironment to Neutral ahead of fiscal Q3 earnings, explaining my thesis below. More Contract Visibility Needed From AeroVironment For military vendors like AV, who supply products like uncrewed munition weapons to the U.S. and its allied forces, stability and visibility in their backlog are extremely crucial in helping investors anchor their expectations of AV’s outlook. I had explained that in my thesis on AV many months ago when the company had won a billion-dollar contract from the U.S. Army. Until Jan. this year, my prior bullish thesis on AV perfectly played out, but since then, severe uncertainty has crept into AV’s outlook. This billion-dollar contract was reported to be a mix of cost-plus and fixed-pricing contracts that I noted, at the time, would not be a major drag on AV’s gross margins. In many ways gross margins also help structure the forward visibility for the drone maker. As AV gets ready to report its Q3 FY26 earnings next week, these 2 factors will be scrutinized by investors more than ever to shape the current investability in AV...

伊朗伊斯兰革命卫队发布公告称，在美以对伊朗发动战争和侵略行动的第七天，伊朗继续开展“真实承诺4”第22轮军事行动。当天，伊朗通过大规模发射新一代导弹，针对美以目标实施了多样且广泛的联合打击行动。公告表示，伊朗使用多种无人机（885564）和精确导弹，打击了美国在该地区的宰夫拉空军基地。此次行动中，除摧毁该基地的预警雷达外，用于存放和维修MQ-9无人机（885564）以及U-2侦察机的机库也被摧毁，目前仍在燃烧。公告称，伊朗米纳卜市一所小学遭遇袭击，导致165名学生死亡，此次袭击正是从该基地发起的。伊朗还使用巡航导弹和弹道导弹，打击了美国的阿里（BABA）.萨利姆空军基地，该基地的预警雷达及其附属设施、飞机燃料库以及两条机场跑道均被摧毁。目前，整个地区都能看到此处产生的滚滚浓烟。公告称，自本轮针对伊朗的侵袭开始以来，美军飞机正是从该基地起飞，向伊朗领土投掷导弹和炸弹。(央视新闻)

On Friday, Chinese EV leader BYD unveiled “FLASH Charging Technology” that can take an EV from 10% charge to 70% charge in five minutes. Most of Tesla’s charging infrastructure can deliver up to 200 miles of range in about 15 minutes. Tesla has a 1 megawatt charging system that can provide 400 miles of range to its huge all-electric semitruck in about 30 minutes.

PM Images/DigitalVision via Getty Images The PIMCO Corporate & Income Strategy Fund ( PCN ) is a closed-end fund that income-seeking investors may consider as a method of achieving their goals and earning an attractive level of income from the assets that they already possess. The fund does reasonably well at the provision of income, as it boasts a 10.79% yield at the current share price. Obviously, this is quite a bit higher than the yields of many other things in the market today. However, we should not look solely at a fund's yield when we make investment decisions, as this can sometimes result in us being attracted to assets that have poor fundamentals or may be about to cut their distributions. In the case of the PIMCO Corporate & Income Strategy Fund, it may be wise to exercise caution as the fund's current share price is well above the value of the bonds in its underlying portfolio. Thus, anyone purchasing at the current share price is paying more for the bonds that this fund holds than they are actually worth. Furthermore, as is typical for PIMCO's funds, PCN is a bond fund, and bonds as an asset class may deliver poor performance going forward. As such, it might be wise to look past the attractive headline yield and examine this fund closely in order to make an informed decision about whether or not you really want to own it at the current price. This article will focus on that task. Discussion Of The Composition Of The PIMCO Corporate & Income Strategy Fund And Its Implications The website for the PIMCO Corporate & Income Strategy Fund states that the fund primarily invests in bonds and other debt securities. From the website: Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets plus borrowings for investment purposes in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issu...

这家德国出版集团出价超过《每日邮报》此前对该英国报纸的报价 作者：本・杜梅特、亚历山德拉・布鲁尔 德国出版集团阿克塞尔・施普林格已达成协议，以约 7.7 亿美元 收购英国《每日电讯报》，将这份历史悠久的英国报纸纳入其媒体资产矩阵。 此次交易是这场备受争议的出售进程中出人意料的转折，阿克塞尔・施普林格的出价超过了其竞争对手 —— 英国《每日邮报》及热门新闻网站 Mail Online 的所有者每日邮报通用信托公司。 阿克塞尔・施普林格长期以来一直觊觎英国媒体市场，曾于 2004 年竞购《每日电讯报》，并在 2015 年《金融时报》出售给日本日经新闻时成为落选竞标方。 《每日电讯报》是英国保守党成员最喜爱的读物，读者群体偏向富裕阶层，与鲁珀特・默多克的 新闻集团 等媒体形成竞争，后者出版《伦敦时报》并拥有《华尔街曰报》。 阿克塞尔・施普林格首席执行官马蒂亚斯・多夫纳表示： “我们希望在保留《每日电讯报》独特风格与传统的基础上推动其发展，助力它成为英语世界阅读量最大、最具思想启发性的中右翼媒体。” 美国收购公司红鸟资本合伙人与阿联酋投资集团 IMI 的合资企业 RedBird IMI 自 2024 年起担任《每日电讯报》的托管方。由于监管机构对 IMI 的政府背景存在顾虑，拒绝批准其长期持有该报。 去年 11 月，RedBird IMI 与每日邮报通用信托公司达成 5 亿英镑（约合 6.5 亿美元） 的出售协议，但该交易需获得英国政府批准。近几周，阿克塞尔・施普林格介入竞标，并给出 5.75 亿英镑 的更高报价。 旗下拥有《政治》新闻网和《商业内幕》的阿克塞尔・施普林格表示，将 大力推动 《每日电讯报》进军美国市场，将其打造为 “英语世界领先的中右翼媒体”。 多夫纳经常就地缘政治问题公开发声，包括表达支持以色列的立场。 不过，收购《每日电讯报》与他此前向《华尔街曰报》表示的、希望收购的新型数字媒体类型有所不同。 据《华尔街曰报》此前报道，多夫纳的商业目标包括在五年内将公司 40 亿美元估值 翻倍 ，部分通过投资以色列和美国在广告、内容创作、订阅服务等领域的科技公司实现。 该集团本周还宣布收购房地产新闻机构 Bi snow ，Bisnow 将与施普林格旗下的 Morning Brew 简报业务一同归入新成立的布鲁尔传媒集团。 2015 年至 2021 年间，多夫纳耗资约 1...

Flashpop/DigitalVision via Getty Images The stock market in 2026 has been undeniably volatile, with investors looking for any and all reasons to sell stocks. To be fair, there is certainly a lot of uncertainty on the table right now: AI disruption, geopolitical tensions at levels not seen in decades, and macroeconomic shakiness. That said, now is also a great time for long-term-oriented investors to take stakes in iconic, AI-resistant brands at a great price. And that’s where Airbnb ( ABNB ), the ubiquitous short-term rental platform, comes in. Its stock has been shaky over the last year as booking trends have proven choppy. But after a strong recent Q4 earnings print and an upbeat outlook for 2026, the coast is looking clearer for a rally this year. Data by YCharts I last wrote a "Buy" rating on Airbnb in December, when the stock was trading at $129 per share. Since then, Airbnb has moved marginally higher, but that increase in market value has been more than compensated for via healthy fundamental trends. Namely, Airbnb has achieved tremendous gross bookings acceleration over the past year, while continuing to bolster its bottom line. I’m reiterating my "B uy" rating here. What investors need to be aware of is the fact that under the hood, Airbnb has made a number of critical changes to its platform that have not only boosted its own booking trends but also increased the differentiation and appeal of Airbnb versus rival OTA companies. Internally, the company named these initiatives “Project Y,” with the underlying mission of making the home-booking process as easy and frictionless for guests, especially those newer to Airbnb, as possible. The company began rolling out core Project Y changes in 2025 to great success. The first tenet of Project Y is transparent pricing. Now, users see all-in pricing for their trips. While hosts still can build cleaning fees and local short-term rental taxes into their prices, and Airbnb invoices can still provide a clean breakdown o...

mattjeacock/iStock via Getty Images Introduction Stock Yards Bancorp, Inc. ( SYBT ) is a Kentucky-based company operating the Stock Yards Bank & Trust Company. The bank has approximately $9.5 billion in assets, with close to $8 billion in assets under management. The bank recently reported on its FY 2025 results, while Stock Yards is also pursuing the acquisition of Field & Main Bancorp, a small bank in Kentucky, which should boost its own financial results. Data by YCharts A Robust Performance In 2025 The bank recently filed its annual report, which means we now have all the details related to its FY 2025 performance and the situation in its loan book. As the FY 2025 income statement below shows, the bank recorded a total interest income of approximately $468 million , which represents an increase of in excess of 10% compared to the 2024 interest income. Meanwhile, the total amount of interest expenses increased by just 8%, or just over $11 million , which boosted the net interest income by almost 20% to just over $300 million . SYBT Investor Relations That’s important, as the net interest income is a main driver of the bank’s total financial performance. As you can see in the income statement above, the total net non-interest expenses came in at above $115 million , despite the very robust $43 million income from wealth management and trust services. After also deducting the $6.7 million in loan loss provisions, the pre-tax income jumped to just over $178 million, resulting in a net profit of $140 million for an EPS of $4.77. As the bank pays a relatively small dividend (currently $0.32 per share on a quarterly basis), the majority of the bank’s earnings are retained on the balance sheet. And this allowed Stock Yards to boost its tangible book value per share to $29.50 at the end of last year. Meanwhile, it’s also important to highlight the robust loan book. Of the $7.04 billion in loans outstanding, $7.01 billion was classified as current. And most of the loans t...

Key Points Warren Buffett himself has invested in this particular asset. This evergreen buy is one you can add to your portfolio at any time -- the key is to hold on for the long term. 10 stocks we like better than Vanguard S&P 500 ETF › Warren Buffett is known for his ability to pick a winning stock. This skill helped him score a win over 60 years as the chief executive officer of Berkshire Hathaway, delivering market-beating performance. Buffett retired from the job at the end of last year, but we still can look to his investing wisdom -- it rings true over time -- and apply it to our strategies. Throughout his career, Buffett invested in a variety of stocks, from financials to healthcare and consumer goods names. And he left his successor, Greg Abel, with a portfolio led by market giants Apple, American Express, and Bank of America. You might consider these or other long-term Buffett holdings for your portfolio and generate a win if you hang on for a number of years -- following Buffett's long-term investing style. 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 » But there's one investment in particular that Buffett has recommended to the non-professional investor. And this buy could help you build a million-dollar portfolio. Let's find out more. An easy and hassle-free move Investing in this asset doesn't require any particular skill, meaning it's an easy option for a new investor -- and represents a hassle-free option for the more seasoned investor. You don't have to closely watch the earnings reports of a company or study how its market position evolves. Instead, you can buy this asset, turn your attention to other things, and hold on for the long term. It's as simple as that. This investment Buffett recommends is an S&P 500 index fund, such as the Vanguard S&P 500 ETF (NYSEMKT: VOO). Exchang...

Jacques LOIC/Photononstop via Getty Images By Parshwa Turakhiya Natural gas futures ( NG1:COM ) are currently at ~$2.97 per MMBtu, and remain stable just above a major long-term level of support following a steep drop from January's peak of above $7. The panic-driven high has eased in the market, with worries about supply disruptions connected with Qatar and the Strait of Hormuz preventing further drops. The market now sits at a clear turning point. The panic-driven premium seen earlier this year has mostly disappeared, yet geopolitical tensions continue to keep volatility elevated. Traders are closely watching the $2.9 level to see if it can hold long enough for prices to establish a base. Support holds, but the chart remains fragile Technically, natural gas remains in a corrective structure. Price is below the full EMAs band, with the 20-day EMA close to $3.13, the 50-day about $3.48, and the 100- and 200-day EMAs close to $3.63 and $3.59. That stacked resistance between $3.10 and $3.60 remains a cap on upside attempts. Natural gas price dynamics (Source: TradingView) That trendline at $2.9-3 is the critical technical level . So long as it holds, it remains in stabilization mode for the market. A clean break below it would reveal $2.7 and then $2.5, providing evidence that the geopolitical spike has now completely gone away. From the upside, first the bulls require a move above $3.13 before the pull to the higher $3.4 to $3.5 line. Only then would the chart begin to imply a broader recovery. Qatar disruption keeps the fundamental floor in place The main fundamental support comes from global LNG supply disruption. Qatar, responsible for about a fifth of world LNG exports, has halted production, while severe disruption to shipping through the Strait of Hormuz has tightened supply expectations across Asia and Europe. Assuming that the conflict ends quickly, restarting liquefaction operations won’t be simple to do immediately. LNG facilities need to be cooled down and...

Has Tesla Sold Any Bitcoin in 2026? TradingView

You don’t have to completely redesign a smartphone to make the latest version a solid upgrade over its predecessor. While Apple Inc. went with a bold new look for its Pro models last year and has enjoyed strong demand ever since, Samsung Electronics Co. refrained from a similar visual shakeup for its Galaxy S26 Ultra. But don’t let familiarity fool you: The new handset is my favorite “Ultra” phone that the company has released in several years. Instead of a major overhaul, the leading Android phone maker put its efforts behind one very practical hardware innovation: a privacy display that will immediately appeal to anyone who constantly scrolls through confidential information on their screen. If you work in finance, medicine, government or any other field where you regularly handle sensitive material, this is a major draw. Samsung also built in quality-of-life improvements like faster charging speeds. And while the S26 Ultra still contains the same camera sensors as its last few predecessors, the company made tweaks to help those cameras capture more light and detail. There are some new artificial intelligence capabilities, like automated tasks through Google's Gemini model, which allows you to automate multi-step tasks like booking a ride home or reordering a favorite meal delivery. But these are still in their infancy and don’t offer a compelling enough reason on their own to buy this device. Samsung did throw in at least one new AI feature — natural language image editing — that I’ve found myself using frequently. Two other newly announced Samsung phones — the Galaxy S26 and S26+ — received price increases this year, making for a tougher sales proposition. The Ultra, however, still comes in at the same $1,300 mark as before, even with some improvements that include Qualcomm Inc. ’s latest chip. After a week of testing ahead of the phone’s March 11 release, here are six of my favorite aspects of the device: Privacy Display When activated, the 6.9-inch OLED screen...

纯电超跑是不是个伪命题？ 近日，莲花汽车首款插混车型“FORME”正式亮相。这标志着莲花汽车的电动化战略正式从“激进纯电”转向“务实混动”。 2018年，莲花发布“Vision80”复兴计划，决心全面转向电动化，并先后推出纯电超跑Evija、纯电SUV Eletre和纯电轿跑Emeya。 莲花集团CEO冯擎峰在接受第一财经等媒体采访时表示，莲花在全球范围内销售，面临的市场环境更为复杂。2024年，当公司复盘前几年走过的路时，发现全部押注纯电路径较为激进，所以决定“往回收一收”，推出了“X-Hybrid”混动技术路线。 对于未来的路径选择，冯擎峰明确向记者表示，莲花汽车将保持纯电和混动两条腿走路，不会再做下一代纯燃油车型。他认为，燃油是一种情怀，而在未来十年到十五年的全球复杂环境下，超级混动是更好的解决方案——既能保留发动机的轰鸣，又能带来电动化的科技体验。 莲花并非孤例。近一年内，全球超跑企业已集体在电动化战略上“踩刹车”。 兰博基尼已内部叫停Lanzador纯电版本开发，新一代Urus的纯电版本也不再推进，改为插混路线。目前，兰博基尼旗下所有车型均已提供混动版本。官方数据显示，2025年兰博基尼的业绩提振主要得益于Revuelto混动超跑以及Urus SUV插电混动版的强劲销售。 兰博基尼CEO史蒂芬·温克尔曼表示，跑车爱好者怀念内燃机汽车的声浪，未能与电动汽车建立“特定的情感联系”，因此市场对纯电超跑的接受度“趋近于零”，开发电动汽车有可能成为该品牌的“昂贵爱好”。 法拉利仍在推进纯电项目，首款车型Luce计划于今年5月发布，但法拉利也已下调电动化目标。在去年10月的资本市场日，该公司表示预计2030年纯电车将占其总销量的比重为20%——较此前40%的目标腰斩，而降低的20%销量比重将被燃油车取代。 早在去年9月，保时捷也已明确宣布放缓电动化进程，部分纯电动车型上市计划延后，未来将推出更多燃油及插混车型。其中，原本计划以纯电动阵容亮相、定位高于卡宴的全新SUV系列，调整为仅提供内燃机和插混动力版本。 今年1月，保时捷前CEO奥博穆在接受采访时坦言，将第二代Macan设计成纯电动车是一个错误。他表示，保时捷正在增加燃油和混动车型的布局。

啟德體育園開幕一年，單計主場館，去年的門票收入就有近15億元，位列全球第三高。有附近商戶稱，有助提高生意額，希望日後舉辦更多不同類型活動。 這隊南韓男團剛過去的周六日，在啟德主場館舉行兩場演唱會，吸引不少粉絲捧場。除了這隊男團，來自廣州的她亦都多次到來，支持其他歌手。 一名演唱會觀眾說：「去年8月是來看鄧紫棋，1月周深跨年兩場演唱會都看了，因為香港的地理位置比較特殊，而且有些歌可能內地是沒辦法唱和審批，所以會過來香港聽。」 有附近餐廳負責人表示，活動為他們帶來額外兩至三成的生意，期望會有更多活動，帶來更穩定的人流。 九龍城泰國餐廳負責人林振成指出：「我們之前有舉辦過一些憑著票尾來到的時候，會有一些優惠，但我們慢慢發覺，他們就算有沒有優惠，都會吸引到他們過來，都會帶動了區內消費。」 有立法會議員就認為，體育園日後仍然有需要繼續以體育優先。 民建聯九龍西議員鄭泳舜表示：「我覺得參考全世界很多地方，他的場館都可能有其他不同類別的賽事，可能一些小型的賽車在裡面。」 要達到推動本港體育發展的目標，又要提升使用率，有學者認為，政府不同部門和體育園互相協調，做好規劃。 恒大市場學系高級講師殷暉認為：「我自己就建議有一個總統籌，他們會有一個全貌，當辦公室知道有不同活動同時申請的話，就可以配對。」 他建議體育園都可以考慮舉辦國際會議展覽等。 點擊觀看節目重溫

adventtr/iStock via Getty Images Investment thesis Gold will undergo a paradigm shift in 2026, decreasing its dependence on macroeconomic conditions and becoming the safest and most protective asset during periods of heightened geopolitical turbulence. Given the extremely high price volatility fueled by events in Iran and capital inflows from China, my forecast for gold is now $6,000 per ounce by mid-2026. With this in mind, I am looking for additional opportunities to invest capital profitably in order to monetize the expected growth in total return while receiving stable monthly payments. This article suggests a profitable combination of the NEOS Gold High Income ETF ( IAUI ) and the VanEck Junior Gold Miners ETF ( GDXJ ), allowing you to earn a high dividend yield of around 7% and capitalize on the continued growth of gold prices from the high operating leverage of gold mining companies. The economic situation for gold Gold's current economic situation shows both record growth in prices to historic levels and increased volatility, fueled by events in Iran. Currently, the paradigm is shifting, where previous fundamental factors such as inflation and the US macroeconomic environment are becoming less prominent, whereas investors' risk-off/risk-on behavior and central banks' actions in forming gold and foreign exchange reserves are coming to the fore. Just one factor, with the appointment of Kevin Warsh in three days in February, has led to a $1,200 drop in the price of gold, underscoring the extreme volatility in the market. Considering the extreme rise in energy prices (oil and gas), prices for gold may get a boost from rising inflation, and at the same time, the chances of the Fed not cutting rates in 2026 are growing. In the past week, there was an expectation that the July 29, 2026 meeting would see a 25 basis point rate cut (67.3% probability). But now, things have changed, so the probability of a rate cut is only 49.0%. Ultimately, the Fed's rate cut in 2026 ...

(RTTNews) - The Commerce Department released a report on Friday showing business inventories in the U.S. crept slightly higher in the month of December. The report said business inventories inched up by 0.1 percent in December after coming in unchanged in November. Economists had expected business inventories to remain flat. The modest increase in business inventories came as wholesale inventories rose by 0.2 percent, while manufacturing and retail inventories both edged up by 0.1 percent. Meanwhile, the Commerce Department said business sales climbed by 0.5 percent in December after growing by 0.6 percent in November. While retail sales came in unchanged, manufacturing sales increased by 0.5 percent and wholesale sales jumped by 1.0 percent. With sales rising by much more than inventories, the total business inventories/sales ratio slipped to 1.36 in December from 1.37 in November. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

中国船东互保协会通知，原定期船舶战争险入会合同将于3月7日晚间被撤销。 霍尔木兹海峡“关闭”、船舶屡屡遇袭……中东局势的升温，对该地区航运造成巨大风险，航运保险也随之生变。 中国船东互保协会近日发布《关于船舶战争险除外区域变更的通函》（下称《通函》），通知各会员公司原定期船舶战争险入会合同将于3月7日晚间被撤销，并于3月8日零时起自动恢复为适用新的除外区域清单JWLA-033。这也意味着，届时在波斯湾、阿曼湾等受此次中东局势影响的部分地区的船舶将失去战争险保障。 何为航运战争险？ 中国太保相关负责人对第一财经记者表示，航运保险中传统的船舶险和货运险保单是除外战争风险的，但有部分客户会结合风险保障需求在投保船舶险和货运险的同时投保战争险。战争险保障是国际通用的产品，包括普通战争险和特殊战争险。普通战争险保障的是全球常规航区，而特殊战争险是在普通战争险基础上拓展承保伦敦联合战争委员会（JWC）列名的高风险区域。 华泰证券非银首席分析师李健团队在研报中表示，一般情况下，国际航运中涉及的战争保险，船主会对船体进行投保，包括船体战争险（覆盖船舶物理损失）和战争责任险（覆盖因战争导致的责任赔偿损失），这些费用通过运费转嫁给货主；货主则会直接投保货物战争险，覆盖货物物理损失。船东互保协会和商业保险公司是航运险市场中的主要直接承保人，并将风险转嫁给再保险市场，伦敦劳合社以及部分再保险公司是最终的风险承接方。 原有战争险被撤销，除外区域扩大 “劳合社和国际承保人协会（IUA）组成JWC，是全球保险行业战争风险定价的标杆。JWC会定期公布列明区域，这些区域内的航行，根据风险等级需要缴纳额外的战争险费率。”李健团队表示。 而此次JWC发布的JWLA-033即为最新一期的战争险列明区域。根据上述《通函》内容，相对于之前的区域，JWLA-033增加了巴林、吉布提、科威特、卡塔尔全境，将阿曼扩大至全境；同时合并原波斯湾或阿拉伯湾及其附近水域和原印度洋、亚丁湾和红海南部的水域，并进一步扩大边界。 “这意味着普通战争险的除外区域进一步扩大了。”中国太保上述负责人称。 在此背景下，中国船东互保协会发布《通函》表示，各会员公司原定期船舶战争险入会合同将于2026年3月7日23:59时（格林威治时间）被撤销。同时，除非协会收到会员公司相反的书面通知，该定期船舶战争险入会合同将于2026年3月8日00:0...

伊朗局势持续升级，日本正考虑单独动用国家战略石油储备，以应对潜在的长期供应中断风险。若此举落实， 将是这个资源高度依赖进口的国家自1978年建立石油储备制度以来，首次独立释放国储。 3月6日，据媒体援引知情人士， 日本政府倾向于在不依赖国际协调机制的前提下采取单边行动 ，但若其他国家有意加入，东京愿就此展开磋商。 霍尔木兹海峡是全球关键原油运输通道。随着地区冲突持续升温，该海峡航运已陷入瘫痪。 日本逾九成原油进口依赖中东，供应安全形势骤然趋紧。 若决定释放储备，预计将向国内石油批发商出售，以保障市场供应稳定。但报道援引知情人士， 此举对抑制汽油等成品油价格上涨的效果可能相当有限 。日本政府目前仍在审慎权衡是否动用储备及释放规模，并研究快速交付机制，以绕过通常长达一个月的拍卖流程。 单边释放油储保障供应，对国际油价影响料有限 截至去年12月底，日本石油总储备相当于254天的国内消费量。其中，政府持有146天，私营部门持有约101天，其余部分由产油国联合储存。 据报道援引知情人士， 政府亦可能视形势发展考虑动用私营部门储备 。日本曾在2011年东北部大地震及海啸后动用私营储备，当时未进行国际协调。 国际能源署框架下的协调释储，是主要经济体应对供应冲击的惯常手段。2022年俄乌冲突爆发后，成员国曾联合动用储备。此次日本倾向于先于国际协调单独行动，折射出东京对中东局势冲击本国供应链的高度警惕。 从历史经验看，日本过去动用石油储备主要针对自然灾害或海外政治动荡引发的供应担忧，包括1990年代初海湾战争及2011年地震海啸事件。 值得注意的是，据报道援引知情人士， 释储直接目的在于弥补批发商与贸易商库存下滑，对缓解终端油价涨势的效果料将有限。市场人士需注意，此举更多着眼于供应稳定性，而非价格管控。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

美国人口普查局数据显示，12月份企业库存环比增长0.1%，而此前一个月持平。 13位经济学家的预估中值为增长0.1%，预估区间从下降0.1%至增长0.3%。 12月批发商库存环比增长0.2%，此前一个月增长0.2%。 12月制造商库存环比增长0.1%；零售商库存环比增长0.1%。 企业销售总额12月环比增长0.5%，此前11月增长0.6%。 其中，制造商销售环比增长0.5%；零售商销售持平。 责任编辑：李肇孚

Jacob Bethell described England’s T20 World Cup semi-final defeat by India as “a tough pill to swallow” after his first century in the format failed to prevent his team’s elimination in Thursday’s record-obliterating Mumbai run-fest. The 22-year-old had never scored a senior hundred in any format and for any side when he first broke into the England team towards the end of 2024. But less than six months after banking his debut ton against South Africa in an ODI he became just the fourth Englishman to reach triple figures in all three international formats – just a week after Harry Brook’s spectacular innings against Pakistan made him the third. “I always had the self-belief to be able to do it,” Bethell said. “Me and Brooky were joking about who was going to be the first to get all three. He was like: ‘You’re batting at three so it’s got to be you.’ Then he took my spot at three and did it, but I managed to do it at four. Both of us can be very proud of ourselves but at the end of the day his came in a winning cause and mine in a losing cause. He’ll always have that up on me.” Bethell’s debut first-class century came in the Ashes Test in Sydney in January, when his second-innings 154 did not stop Australia cantering to victory by five wickets. It took him 162 balls to reach triple figures at the SCG, compared with 45 in Mumbai. “They’re not comparable, really,” he said of the two innings. “The skills and mental thinking are different, but both feelings are pretty good. But both of them have come in losing causes, which is a weird feeling. Cricket is a cruel game, personal performances don’t always solidify into team performances. Both of those are tough pills to swallow but I’m very proud of the way I went about both knocks.” Though England conceded 253 to leave themselves a daunting task in their semi-final run chase Bethell said the mood at the innings break had been entirely optimistic: “That’s always the way. Tunes were on, everyone was ready to go out and get t...

Alibaba Group BABA faces a challenging road ahead despite posting headline numbers that appear encouraging on the surface. The company's second quarter of fiscal 2026, which ended Sept. 30, 2025, revealed a widening gap between revenue momentum and the financial health that investors actually care about — and fresh regulatory intervention in February 2026 has done little to ease concerns. Cloud Intelligence Group revenues rose 34% year over year to RMB 39.8 billion, a figure management has proudly spotlighted. Yet the celebration stops at the revenue line. GAAP net income fell 53%, operating cash flow declined by RMB 21.3 billion, and free cash flow turned to a net outflow of RMB 21.8 billion — a stark reversal from the prior year's RMB 13.7 billion inflow. The cloud segment's growth, while impressive in absolute terms, is being purchased at an increasingly steep price. The company has deployed approximately RMB 120 billion in capital expenditure over the past four quarters to fund AI and cloud infrastructure, leaving profitability deeply compressed. Non-GAAP diluted earnings per ADS collapsed 71% to RMB 4.36. With no revenue guidance issued for the year, visibility into when this investment cycle will turn accretive remains elusive. Compounding investor anxiety, regulatory headwinds resurfaced just months later. On Feb. 13, 2026, China's State Administration for Market Regulation summoned Alibaba and other major platforms, instructing them to eliminate all forms of "involution-style competition" — a broad directive targeting aggressive promotional tactics that have been central to Alibaba's quick commerce growth strategy. The meeting marked the third and most sweeping regulatory intervention on fair competition over the past year, broadening scrutiny from food-delivery services to the wider e-commerce and social-media sectors. For Alibaba stock, cloud revenue growth is real, but sustainability is unproven when backed by negative free cash flow. Meanwhile, Beijing's...

Shares of Samsara rose sharply Friday after the Internet of Things company shook off worries about disruption by artificial intelligence with its fiscal fourth-quarter earnings report. Samsara whose technology connects physical operations like shipping and manufacturing, reported adjusted earnings of 18 cents a share for the quarter. Like other software stocks, Samsara has struggled in 2026, dropping 17% as of Thursday’s close of trading.

The early intel from George RR Martin’s A Song of Ice and Fire novels paints the Targaryens as tyrants – so making them the heroes is going to require some hefty literary PR There must be a few Game of Thrones fans out there who have rather mixed feelings about the news that Warner Bros is to bring George RR Martin’s A Song of Ice and Fire “universe” to the big screen . On the one hand, the prospect of a properly enormous fantasy epic featuring dragons the size of commuter trains is undeniably appealing; on the other, have they really thought this thing through? Reports suggest that the feature film will take as its source material Aegon Targaryen’s conquest, which brought the purple-eyed, dragon-riding clan to continental Westeros (and united six of its seven kingdoms) about 300 years before the events of HBO’s Game of Thrones itself. There’s also a TV series happening, which will presumably cover much of the same ground in greater detail. At first glance, this ought to make even the most reluctant fantasy acolyte want to punch the air. After all, Aegon’s conquest is the sort of story cinema was invented for: dragons blotting out the sky, castles melting like cheese toasties under a blowtorch; an entire continent being thrillingly upended by a bunch of platinum-haired dragonlords. Continue reading...

St Martin-in-the-Fields, London Shiva Feshareki’s Divine Feminine fails to find its focus despite soprano Emma Tring’s incandescent, fearless performance of Celtic deity Brigid S hiva Feshareki ’s Divine Feminine is many things, but this latest work from the multi-award-winning British-Iranian composer and turntablist is not, as billed, an opera. Premiered at St Martin-in-the-Fields, transforming the nave, gallery and sanctuary of the central London church into an intricately amplified “360° soundscape”, Divine Feminine might be an installation, a piece of music-theatre, even a therapy session. What it’s not is a story urgently and solely committed to being told through song. This isn’t stylistic gatekeeping. Terminology matters – if only because it creates a useful frame of reference and expectation. Art loses energy if it has no solid architecture to bounce off, no walls to scale or dismantle. As it was, this meditative celebration of the divine feminine – a concept never explicitly defined here, but doing sun salutations at the nexus of fecundity and sisterhood, rebirth and goddess-energy – chanted and shouted and stamped and danced, but never found its focus. Continue reading...

该地区动荡或将重创美海湾国家日益深厚的经济纽带 作者：艾略特・布朗、乔治・坎切夫、劳伦・托马斯 迪拜知名商人哈拉夫・哈布托尔 快速摘要 波斯湾冲突正在重压美国与海湾富国之间的金融关系，这些国家此前已承诺向美国投资数万亿美元。 去年，波斯湾最富裕的几个国家承诺向美国投入数万亿美元投资，以此讨好特朗普总统并强化双边关系。 如今，这份温暖的金融纽带突然陷入危机。 “谁给你的权力把我们地区拖入战争？” 迪拜知名商人哈拉夫・哈布托尔周四在 X 平台发文质问特朗普。他称，总统将海湾国家置于 “一场并非它们选择的危险中心”。 随着伊朗用导弹和无人机袭击海湾阿拉伯邻国以报复美国打击，这个能源富饶地区陷入长期动荡的前景，可能会彻底破坏美海湾国家日益紧密的经济关系。 战争爆发前，阿联酋、沙特阿拉伯和卡塔尔曾掀起一波对美投资热潮，凭借雄厚财力公开向特朗普示好，亲近程度超过近代任何一位美国总统。 这三个国家总计作出 超过 3 万亿美元 的巨额投资承诺，被特朗普用来证明大量投资正涌入美国。这些国家已成为特朗普各项优先事项的核心资金来源，从人工智能项目到加沙重建计划均有涉及。 华盛顿智库 “新美国安全中心” 兼职高级研究员雷切尔・津巴表示：“这场冲突让海湾国家对美投资的能力与意愿产生了新的疑问。” 津巴称，如果冲突持续，可能动摇这些国家自身的财政状况 —— 油气收入减少，同时国防支出增加，最终导致海外可投资资金缩水。 哈布托尔是迪拜亿万富翁、哈布托尔集团董事长，他的这番表态是阿联酋精英阶层罕见的公开批评，打破了一贯谨慎的发声风格。这位企业家 1970 年创立了一家小型工程公司，如今已发展为业务覆盖豪华酒店、汽车经销、出版等领域的大型集团。 哈布托尔的发言人未回应置评请求。 阿联酋、沙特和卡塔尔政府均将矛头指向伊朗，抗议袭击机场和港口的行为侵犯主权、威胁平民生命。但在美国发动空袭前，海湾各国政府一直反对美方打击计划，担心此举引发席卷整个地区的冲突。 白宫发言人表示：“伊朗支持的国家恐怖主义不仅伤害美国和美国人民，也伤害我们的盟友，包括其他海湾国家。” 他补充称，此次行动 “只为维护地区稳定与商贸安全”。 特朗普去年重返白宫后不久，就在海湾君主国找到了积极合作者。他 2025 年春季首次重大外访就是前往这三个国家，在铺着红紫色地毯的盛大欢迎仪式与奢华晚宴之间，收获了大量投资承诺。 此后，美国与海湾...

Looking at the universe of stocks we cover at Dividend Channel, on 3/10/26, Public Service Enterprise Group Inc (Symbol: PEG), PPL Corp (Symbol: PPL), and Ameren Corp (Symbol: AEE) will all trade ex-dividend for their respective upcoming dividends. Public Service Enterprise Group Inc will pay its quarterly dividend of $0.67 on 3/31/26, PPL Corp will pay its quarterly dividend of $0.285 on 4/1/26, and Ameren Corp will pay its quarterly dividend of $0.75 on 3/31/26. As a percentage of PEG's recent stock price of $83.92, this dividend works out to approximately 0.80%, so look for shares of Public Service Enterprise Group Inc to trade 0.80% lower — all else being equal — when PEG shares open for trading on 3/10/26. Similarly, investors should look for PPL to open 0.75% lower in price and for AEE to open 0.67% lower, all else being equal. Below are dividend history charts for PEG, PPL, and AEE, showing historical dividends prior to the most recent ones declared. Public Service Enterprise Group Inc (Symbol: PEG): PPL Corp (Symbol: PPL): Ameren Corp (Symbol: AEE): In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.19% for Public Service Enterprise Group Inc, 3.00% for PPL Corp, and 2.69% for Ameren Corp. In Friday trading, Public Service Enterprise Group Inc shares are currently trading flat, PPL Corp shares are down about 1.6%, and Ameren Corp shares are off about 1.7% on the day. Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen » Also see: • Defense Dividend Stocks • ETFs Holding IMS • Institutional Holders of ALNY The views and opi...