随着Wi-Fi 7的发布，行业正稳步推进，使其成为室内企业覆盖的首选无线传输方式。在Wi-Fi 6和Wi-Fi 6E引入的进步基础上，Wi-Fi 7（IEEE的802.11be）标志着一次显著的升级。Wi-Fi 6引入了正交频分多址（OFDMA）和多用户接入，与Wi-Fi 5及更早的OFDM调制相比，在空时效率上实现了重大飞跃。Wi-Fi 6E在此基础上增加了对6 GHz频段的支持——这是第一个与先前Wi-Fi版本完全保持向后兼容性的频谱，使得效率更高。现在，Wi-Fi 7将这些创新进一步深化，解锁了新的性能和效率水平。

通合科技(300491) 事件：公司3月26日公告，2025年实现营收（15.57亿元，+28.78%)，归母净利润（0.40亿元，+67.72%)，毛利率（24.39%，-2.86pcts)，净利率（2.58%，+0.60pcts)。25Q4实现营收（5.82亿元，同比+23.14%，环比+49.38%)，归母净利润0.20亿元，毛利率（23.43%，同比-2.48pcts，环比+1.10pcts)，净利率（3.39%，同比+2.74pcts，环比+2.11pcts)。 深耕电力电子行业二十余年，收购霍威电子布局特种领域业务。公司主要从事电力电子行业产品的研发、生产、销售和服务。2019年2月收购军工电源制造商霍威电子，形成智能电网、新能源汽车及军工装备三大业务领域布局。在智能电网领域，主要产品包括电力操作电源和配网自动化电源；在新能源汽车领域主营充电桩及充电模块、车载电源等产品；在军工装备领域参与电源模块、电源组件及定制电源配套，同时开展军工装备检测服务。公司重视“重新创业”的创业机制和文化，实现在新能源、智能电网和航空航天领域协同发展、相互支撑，致力于成为电力电子行业的引领者。 航空航天等行业景气度回升，2025年公司营收创历史新高。公司2025年实现营收（15.57亿元，+28.78%)，创下历史新高，归母净利润（0.40亿元，+67.72%)，毛利率（24.39%，-2.86pcts)，净利率（2.58%，+0.60pcts)。单季度看，25Q4实现营收（5.82亿元，同比+23.14%，环比+49.38%)，归母净利润0.20亿元，毛利率（23.43%，同比-2.48pcts，环比+1.10pcts)，净利率（3.39%，同比+2.74pcts，环比+2.11pcts)。分业务来看： 1、新能源汽车行业2025年营收10.91亿（同比+28.05%）主要系新能源领域业绩持续高增长，受益于新能源汽车充电基础设施高增，重卡销量快速增长，公司太行系列充电模块、热管理电源与储能产品投入市场，带动新能源领域收入显著提升，毛利率17.21%（同比-5.17pcts）； 2、电力行业2025年营收2.57亿（同比+17.27%），受益于电网投资持续高景气与配网自动化加速，智能电网电源产品收入提升，HVDC等新产品逐步放量，推动营业收入与利润双增，毛利率40.03%（同...

希荻微(688173) 营收高速增长，盈利能力持续改善 2026Q1公司实现营业收入2.51亿元，同比增长41.50%；归母净利润亏损大幅收窄至764.01万元，亏损金额较上年同期减少1962.47万元，综合毛利率为29.05%。一季度业绩增长主要得益于公司音圈马达驱动芯片业务的持续放量以及海外客户订单的增加，尚未包含诚芯微的利润贡献。 布局AI算力电源领域，新产品有望于Q2量产 公司积极把握AI算力发展机遇，拓展计算与存储领域。公司对标海外头部厂商，围绕CPU和GPU的供电需求，推出系列大电流POL芯片，并配套大电流E-fuse负载开关方案。公司10-20A的POL芯片产品已在与下游多家客户进行软硬件适配，部分产品有望在Q2实现量产。针对20-50A电流范围，公司已推出对应的POL芯片和功率模组样品，目前正与目标客户进行初步联调。公司持续发力数据中心、AI服务器等高增长市场，推出更大电流和更高集成度电源解决方案，打开新的成长空间。 汽车电子业务多点突破，诚芯微并购落地 公司汽车电子业务作为第二增长曲线正加速成长，2025年及2026Q1汽车业务营收占比虽仍低于10%，但同比增速表现亮眼。2026年以来，公司在汽车电子领域接连取得突破，新增多个关键物料品类顺利导入国内新能源龙头供应链，成功获得头部传统车企的平台化定点项目，并有望实现对多家主流乘用车企的规模化量产交付。 公司于2026年3月20日完成对诚芯微100%股权的收购，将于Q2起纳入公司的合并利润表。诚芯微产品广泛应用于汽车电子领域，已导入比亚迪、吉利、长安等车企供应链，车载充电产品进一步完善公司车规级芯片的产品矩阵，成熟的客户渠道与产品线将与公司现有业务形成有效协同，并改善公司整体毛利率水平。 投资建议 公司模拟芯片技术领先、产品结构持续优化，我们看好公司汽车电子及AI相关业务长期增长潜力。预计2026-2028年分别实现归母净利润0.10亿元、0.47亿元、0.77亿元，维持“买入”评级。 风险提示 新产品研发进度不及预期；行业竞争加剧的风险；关税的风险；业绩短期承压的风险。

执行摘要 Wi-Fi技术进化继续，Wi-Fi 7问世，实现了多项特性，如多链路操作（MLO）、320 MHz信道、4K QAM、多RU、受限TWT和基于时间的QoS。这些改进旨在提供更高的吞吐量、提高效率、降低延迟，并支持XR/AR/VR、数字孪生、AI/ML、云访问和工业物联网等新兴应用。 AT&T、CommScope和Intel共同合作于无线宽带联盟（WBA）田间试验 为了评估Wi-Fi 7在企业环境中的关键功能。这项多阶段倡议已完成第一阶段，该阶段评估了Wi-Fi 7在5 GHz和6 GHz频段使用160、80和40 MHz信道时的速率与范围性能，并将结果与Wi-Fi 6E进行了比较。 这些发现证明了Wi-Fi 7相较于Wi-Fi 6E在性能上有显著提升。本报告概述了我们在试验中的主要观察和收获。下一阶段将继续测试Wi-Fi 7的额外功能。 引言 Wi-Fi已成为企业无线连接、组织效率、协作和其他业务的使命关键。企业面临着提供高密度、高吞吐量、低延迟和可靠的Wi-Fi的挑战，以满足日益增长的众多不同设备的需求，包括笔记本电脑、移动电话、工业物联网、摄像头，以及要求苛刻的应用，如AR/VR/XR、云服务、人工智能/机器学习、视频会议、自动化和物联网。 Wi-Fi 随着每一代技术的进步而不断改进。Wi-Fi 7（IEEE 802.11be）是最新一代技术，通过增强 Wi-Fi 6 的某些功能并引入新的特性，如 320 MHz 信道大小、4K QAM、多链路操作（MLO）、MU-MIMO、MU-RU、r-TWT 和基于调度的时间服务质量（QoS），旨在提供极高性能（EHT）。这些改进提供了更高的吞吐量、更低的延迟、更高的效率和可靠性。 企业部署Wi-Fi 7网络并将其移动设备过渡到Wi-Fi 7之前，评估Wi-Fi 7的能力以及它们在实际环境中满足应用需求的有效性至关重要。多年来，WBA一直在与参与运营商、AP和客户端供应商以及服务启用会员进行代际Wi-Fi试验，包括Wi-Fi 5、6、6E，如今已到Wi-Fi 7。以下是研究结果的发现。 这些试验已在行业内共享。

市场回顾 过去一周（5.18-5.22）上证综指下跌0.54%，创业板指上涨0.24%，沪深300指数下跌0.30%，计算机（申万）指数下跌0.96%，跑输上证综指0.41个百分点，跑输创业板指1.20个百分点，跑输沪深300指数0.66个百分点，位列全行业第9名。 周观点 大厂资本开支加码，算力军备竞赛仍在持续。根据科创板日报微信公众号，在AI需求强劲预期下，大厂们持续上调资本开支，腾讯、阿里均上调资本开支预期，字节跳动今年计划资本支出将超过2000亿元人民币，较此前的初步计划增加了25%。阿里巴巴CEO吴泳铭表示，阿里大量投入AI数据中心的投资回报非常确定，目前AI发展的趋势更像制造业，要获得更多收入必须去建两个核心工厂：AI的训练工厂和AI的推理工厂。同时，算力供需失衡现象凸显。根据IT之家官网，5月14日，DeepSeek的“专家模式”已无法上传文件，官方提示“资源紧张，不支持文件上传”。根据科创板日报微信公众号，在中芯国际2026年一季度业绩沟通会上，中芯国际联合CEO赵海军表示，当前人工智能应用爆发带动配套芯片需求强劲，叠加产品涨价、客户提前备货、产业订单回流等多重利好，公司订单储备饱满、盈利水平稳步提升。本次涨价效应已于二季度显著释放，并将在三、四季度持续凸显。 “AI水电化”迈出关键一步。根据财联社微信公众号，本月，国务院常务会议提到，要“加强水网、新型电网、算力网、新一代通信网、城市地下管网、物流网等规划建设”，将算力网和水、电等公共基础设施放在同等重要的位置。同时，上个月中共中央政治局会议中提出了相同的表述。此前，“十五五”规划中也有专门表述：“要构建多层次算力设施体系和全国一体化算力网”。我们认为，算力网的建设将直接利好算力基础设施运营商、超节点整机厂商、以及算力调度平台。根据央视新闻，近日，中国电信推出试商用“词元（Token）套餐”，提供面向个人和开发者的多档位选择，最低月费9.9元起，中国移动和中国联通也在积极布局。我们认为，Token正式从"技术概念"走向"消费商品"，将推动AI演变成像自来水、电费一样便宜的普惠服务，推动形成用户越多→Token消耗越大→算力需求越高→算力基础设施投资越大的正循环。 英伟达公布财报，业绩超预期。根据科创板日报微信公众号，5月20日，英伟达公布了第一财季业绩，营收为816.2亿美元，超过了分析师预期的79...

安井食品(603345) l投资要点 在质价比消费趋势下，公司战略完成系统性升级，25年起核心经营思路由“渠道驱动”转为“产品+渠道双轮驱动”​​，新品+次新品已成增长核心引擎，烤肠战略地位显著提升，目标打造为第三大增长曲线，锁鲜装、滑类等高毛利单品持续放量，清真子品牌“安斋”首发表现亮眼，战略落地效果超预期。 构建新品及次新品矩阵，烤肠战略地位提升，滑类与锁鲜装持续放量。公司以“BC兼顾、全渠道发力”为核心策略，在丸子、米面、烤肠三大板块同步推新。烤肠战略地位显著提升，目标打造为第三大增长曲线。公司前年正式进入烤肠赛道，2025年B端火山石烤肠大幅放量并减亏，C端肉多多烤肠全面铺开，烤肠相关品类合计已形成较大体量。公司已锚定烤肠为继丸子、米面之后的第三大增长曲线，2026年B端计划推出霸王肠（更大克重，适配景区、商超熟食区）、台烤、卤肉肠（商超熟食）、糯米肠（关东煮/麻辣烫）等新品，C端肉多多烤肠包装口味升级。滑类持续高增，成为重要大单品类。2025年已成功推出活鱼现杀嫩鱼丸等创新产品，该产品凭借活鱼现杀原料优势获得市场良好反馈。2026年公司持续加码滑类创新，计划推出彩蔬鱼滑（添加果蔬）等新品。虾滑已成为公司核心大单品之一。锁鲜装成为C端核心抓手，毛利率维持高位。锁鲜装系列持续升级，搭配锁鲜组合装等次新品。在火锅料板块“一超多强”的稳固格局中，锁鲜装凭借高毛利率和高品牌认知度持续引领C端升级。发面点心和象形包持续出彩。蒸煎饺规模持续扩大，象形包系列（玉米包、提子包）销售超预期，2026年将持续推出柿子包、榴莲包、苹果包等创新单品。 清真品牌“安斋”独立运营，首年预估破亿可期。公司于2025年末正式启动“安斋”清真项目，由河南安斋公司独立运作（不隶属安井营销），首批规划推出的多款产品已顺利取得生产许可证和条形码。首批发货定位西北、华北、华中二三线清真渠道，第一年保守预估破亿。与主品牌渠道错开经营，避免了内部替代冲突。全球清真食品市场规模巨大、消费人群广泛。安斋有望受益于国内清真食品消费市场成熟和出口通道的双向打通。 积极拓展海外市场，东南亚速冻增速全球第一，安井加快多国经销商布局。当前全球速冻食品市场规模2025年已突破5000亿美元，预计2026-2033年复合增长率5.9%。值得关注的是，2024年东南亚速冻食品市场规模达85亿美元，年复合增长率超9%，呈现出...

Lemonade (LMND 0.93%), the online insurance company that relies on AI chatbots to onboard customers and process claims, took its investors on a wild ride after its 2020 IPO. It went public at $29, hit a record high of $183.26 in Jan. 2021, but now trades at about $56. Lemonade is still a divisive stock. The bulls believe it will disrupt traditional insurance companies by simplifying the insurance-buying process with its AI-powered platform. Still, the bears argue that its moat is too narrow and its operating costs are too high. But if we take a closer look at its numbers, we'll see that its big bet on AI-powered insurance is paying off. What happened to Lemonade after its market debut? When Lemonade went public, it only offered homeowners and renters insurance. But over the following years, it expanded into the term life, pet health, and auto insurance markets. Its 2022 acquisition of Metromile significantly expanded its auto insurance business. Expand NYSE : LMND Lemonade Today's Change ( -0.93 %) $ -0.53 Current Price $ 56.52 Key Data Points Market Cap $4.3B Day's Range $ 56.30 - $ 58.25 52wk Range $ 31.00 - $ 99.90 Volume 34.7K Avg Vol 2M Lemonade's customer count more than tripled -- from 1.00 million at the end of 2021 to 3.14 million in the first quarter of 2026 -- as it attracted younger and first-time insurance buyers. Its in-force premiums (IFP) and gross earned premiums (GEP) also consistently grew by the double digits, while its gross loss ratio declined and its adjusted gross margins expanded. Metric 2020 2021 2022 2023 2024 2025 Customer Growth (YOY) 56% 43% 27% 12% 20% 23% IFP Growth (YOY) 87% 78% 64% 20% 26% 31% GEP Growth (YOY) 110% 84% 68% 37% 23% 28% Gross Loss Ratio (TTM) 71% 90% 90% 85% 73% 64% Adjusted Gross Margin 33% 36% 25% 23% 33% 41% What will happen to Lemonade over the next few years? For 2026, Lemonade expects its IFP to rise 32%, its GEP to grow 30%-31%, and its total revenue to increase 62%-63%. Over the long term, it expects its IFP t...

格隆汇5月25日｜俄罗斯央行周一表示，已向欧盟普通法院提起了第二起诉讼，旨在挑战欧盟的一项法规，该法规允许动用俄罗斯被冻结的主权资产，以偿还欧盟向乌克兰提供的贷款。俄罗斯央行指出：“俄罗斯央行此次所挑战的欧盟法规框架，将本行的主权资产视为对第三国提供财政支持的组成部分，从而改变了主权资产原有的法律及经济属性。”

格隆汇5月25日｜据CCTV国际时讯，上周北约外长会举行期间，北约秘书长吕特认为，一些成员国对乌克兰军援力度不够，提议各成员国将本国国内生产总值（GDP）的0.25%用于对乌克兰的军援，但该提案未能获得成员国一致认可。据英国《每日电讯报》5月24日报道称，英法等五国提出反对意见。

格隆汇5月25日｜英国气象局数据显示，首都伦敦希思罗机场地区当地时间5月25日气温达到33.5摄氏度，打破了英国5月单日高温纪录。英国有气象记录以来，上一个“最热五月天”气温最高为32.8摄氏度，第一次发生于1922年，第二次、也是上一次出现在1944年。近年来，气候变化导致英国频繁遭遇异常高温天气，2025年刚经历了史上“最热一年”。

Aramco to transfer PRefChem stakes to Malaysia’s Petronas Reuters

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Microsoft (MSFT) was Hurt by the “SaaSmaggedon” Market Reaction Insider Monkey

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《科创板日报》5月25日讯（记者 王楚凡） 今日（5月25日）， 卓锦股份 公告，公司实控人、原董事长兼总经理卓未龙因犯违规披露重要信息罪，被杭州市中级人民法院判处有期徒刑一年、缓刑一年，并处罚金20万元。 同日（5月25日），该公司还披露了一起建设工程合同纠纷终审败诉，需支付违约金及诉讼费合计128万元。 具体来看，根据杭州市中级人民法院《刑事判决书》，卓未龙因犯违规披露重要信息罪被判处有期徒刑一年，缓刑一年，并处罚金20万元；该公司原董事兼副总经理陈奉连被判处拘役四个月，缓刑四个月，并处罚金2万元。 该案所涉违规披露事项与公司2023年5月被浙江证监局行政处罚系同一事项，不涉及重大信息披露违法强制退市情形。 判决后，卓未龙辞去公司董事长、总经理及法定代表人职务，且不再担任公司任何职务；陈奉连辞去董事兼副总经理职务，但继续留任工程中心总监。 截至上述公告披露日，卓未龙直接持有卓锦股份34.79%股份，仍为公司控股股东、实际控制人。该公司表示，两人离任不会导致董事会成员低于法定人数，不影响公司规范运作和正常经营。 卓锦股份主营生态保护和环境治理，业务覆盖环境修复、工业污染源治理及环保产品销售与服务，依托自研技术提供从方案设计到运维的全流程解决方案。 其财报显示，2026年第一季度，该公司营业总收入2175.7万元，同比上升12.52%；归母净利润-977.97万元，同比下降922.26%；扣非归母净利润为-986.69万元，同比下降957.87%。 2025年，卓锦股份实现营业收入1.27亿元，同比减少47.81%。该公司解释称，主要系主动收缩传统业务规模，选择承接资信更优的业主项目，同时高毛利自研技术业务（如：Biofit技术、有机溶剂回收技术）尚未形成显著营收转化。截至2025年，该公司在手待执行订单总额约1.37亿元。盈利方面，报告期内，其综合毛利率为9.35%，同比微降0.24个百分点。 同期，其经营活动产生的现金流量净额为5666.64万元，同比大增472.10%，主要得益于长账龄应收款的有效回收。报告期内，其信用减值损失与资产减值损失合计为453.55万元，较上年同期的-2616.51万元由负转正。该公司表示，后续将保持风险控制力度，确保经营稳定。 据披露，卓未龙今年49岁，硕士研究生学历，高级经济师。1994年8月至1996年12月，其任职于浙江中平工...

It’s pretty hard to know what to believe when it comes to this ongoing AI revolution. The AI bubble calls have been growing louder for well over a year now. And while some folks, including the great Michael Burry of The Big Short fame, might feel as though we’re in the lead-up to the peak ... The AI Trade Might Be Grossly Underestimated — and It Could Be Time To Rethink How We View the Mag 7

财联社5月25日讯（编辑 牛占林） 随着年初以来的强劲上涨势头逐渐减弱，铂金价格目前仍受限于每盎司2000美元附近。分析人士指出，随着电动车市场持续扩张，作为燃油车催化转换器重要材料的铂金需求受到冲击。 不过，一些分析师认为，由中东战争持续引发的全球能源危机，可能会为铂金带来新的增长动力。 世界铂金投资协会(WPIC)认为，氢能经济正悄然成为未来十年推动铂金需求增长的最重要结构性驱动力之一。随着各国政府和工业企业加大力度保障区域能源供应安全，并推动重工业脱碳，氢能的重要性正在迅速提升。 WPIC研究主管Edward Sterck近日表示，当前的地缘政治环境——包括能源安全忧虑、全球化退潮以及对工业供应链稳定性的担忧，正在为未来十年氢能加速普及创造条件。 尽管氢能经济的发展速度低于市场最初预期，但Sterck指出，其长期潜力与更广泛的逆全球化趋势紧密相连。 “我们看到欧洲、东亚、澳大利亚、中东、北非、纳米比亚沙漠以及南美等地区，都拥有巨大的可再生能源发电潜力。但未来全球能源网络很可能会出现割裂。而氢能将成为保障区域能源安全的关键组成部分。” 尽管电池电动化仍占据市场焦点，但Sterck认为，对于一些无法简单实现电气化的工业领域而言，氢能依然不可或缺。“你可以让所有汽车实现电动化，也可以让居民住宅全面电气化，但化肥和氨的生产也无法单纯依靠电力完成，它们必须使用氢。” 他表示，尽管ESG相关投资整体降温，市场关注度明显下降，但过去五年绿色氢能的产量实际上已经大幅增长。 WPIC数据显示，2021年至2025年期间，全球绿色氢能产量增长了6倍，从年产约5万吨增至约30万吨。同期，全球电解槽装机容量增长了9倍，从0.6吉瓦提升至4.9吉瓦。与此同时，全球燃料电池汽车保有量也翻倍增长，达到约10.3万辆。 Sterck表示，未来五年，氢能相关行业实现“中等双位数增长率”并不夸张，尽管年度增速可能仍会出现波动。 而这一增长趋势，对铂金市场的重要性正在不断提升，因为铂金在质子交换膜电解槽以及燃料电池技术中都扮演关键角色。 WPIC目前预计，与氢能经济相关的铂金需求(包括燃料电池汽车)每年约为9万盎司；到2030年，这一需求有望增长至约40万盎司。 Sterck还指出，氢能的长期作用不仅局限于交通运输领域，还将深入工业脱碳，尤其是在化肥生产方面。 此外，目前越来越多新兴技术正在创造新...

VERX260618P00026000 互動股市圖表 | VERX Jun 2026 26.000 put 股市 Yahoo 財經

Aajan/iStock via Getty Images Market Review The bond markets including US Treasuries and municipals turned markedly bearish during March, as the US-Israel/Iran conflict drove macro rate volatility and uncertainty. Negative price pressures pushed yields higher in March as concerns over labor market weakness were replaced by concerns on inflation due to war-induced higher energy prices. The March selloff largely erased solid gains from the asset class during the first two months of 2026 as municipal yields tracked the broader Treasury market as well as reflected typical seasonal weakness. March has historically been a challenging period for municipals due to less favorable technicals. On the supply front, total municipal issuance reached a record $128 billion in 1Q26, representing a 6% increase year-over-year, according to The Bond Buyer . In contrast, taxable municipal issuance remained subdued at $6 billion, down 15% from 1Q25. Limited taxable municipal supply supported relative performance in the taxable municipal sector, contributing to its outperformance during the quarter. “We believe bond market volatility amid the ongoing Iran conflict is likely to continue as the market digests competing themes of a slowing economy and higher energy prices.” Performance Summary For the quarter ended March 31, 2026, the Fund’s Class I shares returned 0.09%, excluding sales charges. In comparison, the Fund’s unmanaged benchmark, the Bloomberg U.S. Municipal Bond Index, returned -0.18% for the same period. Average Annual Total Returns (3/31/26) * Share Class / Inception Date 3 Month YTD 1 Year 3 Year 5 Year 10 Year Class A (NAV) 11/26/86 0.03% 0.03% 3.54% 3.06% 0.63% 1.98% Class A (4.50% max. load) -4.50% -4.50% -1.10% 1.48% -0.29% 1.51% Class I (NAV) 8/31/16 0.09% 0.09% 3.88% 3.34% 0.89% 2.22% Bloomberg U.S. Municipal Bond Index -0.18% -0.18% 4.29% 2.87% 0.84% 2.16% Click to enlarge The performance data quoted represents past performance, which is no guarantee of future results...

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An anti-immigrant far-right party, inspired by Greece’s defunct neo-Nazi Golden Dawn, has made the biggest gains in parliamentary elections in Cyprus. The group, which has pushed for the closure of checkpoints on the ethnically split island and is vociferously anti-Turkish, doubled its seats in the 56-member legislature after securing 10.9 % of the vote. “We can say that Elam is the sole winner of Sunday’s election, with a clear victory that gives it an increased say in passing legislation,” the island’s predominant electoral expert Christoforos Christoforou told the Guardian. “It fulfilled its strategic aim of doubling its seats from four to eight and becoming parliament’s third biggest force, displacing Diko, which had held that position for decades.” In results that will profoundly reshape the political landscape of the EU’s easternmost state, a new party of anti-corruption campaigners and social media influencers also won seats. By contrast, centrist groups, including the veteran leftwing EDEK, which had endorsed the candidacy of the president, Nikos Christodoulides, as an independent in 2023, failed to cross the threshold to enter the house, a historic defeat that could further enhance the influence of Elam. Parliamentary elections have long been seen as a litmus test of voter intentions for the presidency, the seat of executive power in Cyprus. Ahead of the poll, mainstream parties were predicted to be hammered by the anti-systemic protest groups that have appeared amid disillusionment with traditional party politics and an elite tainted by scandal. But while the newly formed anti-corruption Alma and the Direct Democracy Cyprus group of MEP and former YouTuber Phidias Panayiotou made it into parliament for the first time, the establishment parties defied the projections and held their ground. Polling data released by the interior ministry showed the rightwing Disy and communist Akel parties winning 27.2% and 23.8 % of the vote respectively, a small decline for...

格隆汇5月25日｜惠誉表示，北美的公司面临着战争溢出、关税及人工智能带来的信用风险。

Precious metals were on an absolute tear coming into 2026. In January, gold prices reached $5,500 an ounce, while silver hit $121 per ounce. Precious metals prices are soaring amid rising geopolitical uncertainty and growing fiscal deficits, creating a favorable backdrop for gold and silver miners like Denver-based SSR Mining (SSRM 1.75%). In the past year, the mid-cap mining stock has surged 160% as gold miners ride the wave of rising precious metal prices. The company recently sold its Copler Mine for $1.5 billion, shoring up its balance sheet and giving it a record cash stockpile. Here's why this could be a positive sign for the gold miner moving forward. SSR Mining is fortifying its balance sheet Earlier this year, SSR Mining agreed to sell its 80% stake in the Copler mine in Turkey. The move accomplished a couple of things for the company. For one, it helps reduce SSR's exposure to emerging markets and gets it out of the troubled mine that regulators shut down in 2024 following a fatal accident. The sale allows SSR Mining to focus on lower-risk, Americas-focused gold and silver. In addition, the sale provides SSR Mining with a huge cash windfall. The company is already coming off a stellar year during which it generated free cash flow of $242 million. In the first quarter, free cash flow was an impressive $211 million, and the company ended the quarter with $634 million in cash, total liquidity of $1.1 billion, and no debt. When the Copler sale goes through, it will add another $1.5 billion to its stockpile, giving it ammunition for potential acquisitions and cash for dividends or stock buybacks. Expand NASDAQ : SSRM SSR Mining Today's Change ( -1.75 %) $ -0.53 Current Price $ 29.72 Key Data Points Market Cap $6.2B Day's Range $ 29.22 - $ 30.29 52wk Range $ 11.27 - $ 36.52 Volume 1.8M Avg Vol 3.7M Gross Margin 43.52 % The gold miner is hedged for rising diesel prices SSR Mining remains on track to meet its 2026 full-year production guidance of 450,000 to 535,00...

Tech exchange-traded funds (ETFs) have been some of the best-performing investments over the past few decades. They give investors access to a broad cross-section of the best technology stocks in one wrapper. This includes the biggest names, like Nvidia and Apple, the hottest tech stocks, like Sandisk and Micron Technology, and emerging stars you may have never even heard of -- yet. There are some extremely popular tech ETFs that have delivered huge returns for investors over the years, like the Invesco QQQ (QQQ +0.48%), Vanguard Information Technology ETF (VGT +1.14%), State Street Technology Select SPDR ETF (NYSEMKT: XLK), and iShares U.S Technology ETF (IYW +0.70%). But there is one overlooked and underrated tech ETF that has outperformed them all over the years -- the Invesco Dorsey Wright Technology Momentum ETF (PTF +1.34%). If youʻre looking for a tech ETF, add this one to your list. The best Invesco ETF -- and it's not QQQ The Invesco Dorsey Wright Technology Momentum ETF is based on the Dorsey Wright Technology Technical Leaders Index, which tracks at least 30 technology stocks from the Nasdaq Composite that exhibit strong relative strength or momentum. Stocks with the best relative strength are considered the strongest performers based on a proprietary methodology that determines a momentum score. The portfolio includes at least 30 of the highest-momentum stocks. The stocks can come from across the technology sector and include small-, mid-, and large-cap names. Expand NASDAQ : PTF Invesco Exchange-Traded Fund Trust - Invesco Dorsey Wright Technology Momentum ETF Today's Change ( 1.34 %) $ 1.63 Current Price $ 123.39 Key Data Points Day's Range $ 122.16 - $ 124.78 52wk Range $ 63.00 - $ 126.65 Volume 80.9K Currently, the ETF contains 40 stocks with Sandisk, Nvidia, and Apple as the three largest holdings in the cap-weighted portfolio. Small-cap holdings include CACI International, InterDigital, and Vistance Networks. The Invesco Dorsey Wright Technology Mo...

Key Points Gold and silver prices have surged in recent years amid geopolitical uncertainty and fiscal deficits. SSR Mining's stock has soared 160% in the past year, and analysts expect strong earnings growth this year. The gold miner has moved to strengthen its balance sheet and bolster its cash position. 10 stocks we like better than SSR Mining › Precious metals were on an absolute tear coming into 2026. In January, gold prices reached $5,500 an ounce, while silver hit $121 per ounce. Precious metals prices are soaring amid rising geopolitical uncertainty and growing fiscal deficits, creating a favorable backdrop for gold and silver miners like Denver-based SSR Mining (NASDAQ: SSRM). In the past year, the mid-cap mining stock has surged 160% as gold miners ride the wave of rising precious metal prices. The company recently sold its Copler Mine for $1.5 billion, shoring up its balance sheet and giving it a record cash stockpile. Here's why this could be a positive sign for the gold miner moving forward. 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 » SSR Mining is fortifying its balance sheet Earlier this year, SSR Mining agreed to sell its 80% stake in the Copler mine in Turkey. The move accomplished a couple of things for the company. For one, it helps reduce SSR's exposure to emerging markets and gets it out of the troubled mine that regulators shut down in 2024 following a fatal accident. The sale allows SSR Mining to focus on lower-risk, Americas-focused gold and silver. In addition, the sale provides SSR Mining with a huge cash windfall. The company is already coming off a stellar year during which it generated free cash flow of $242 million. In the first quarter, free cash flow was an impressive $211 million, and the company ended the quarter with $634 million in cash, total liquidity of $...

Name: Plus-ones. Age: Bringing a partner along has been going on a while, possibly since Noah invited a pair of every animal on board the ark … Are we talking about boat trips here? Actually, weddings. Although we could just say, the wedding. Taylor Swift and Travis Kelce’s, am I wrong? You’re not. We’ve known about their engagement since last summer. Now we have a date: 3 July. Weirdly, I haven’t got my invite. They probably haven’t gone out yet. I’m afraid they have and one anonymous invitee has been moaning about it according to the Mail. Why would you moan about being invited to the wedding of the year? This is about plus-ones, remember? And they didn’t get one? Correct. How do they feel about that? Not great: “What am I supposed to do? Go alone? That is so awkward. I don’t think I am going to attend because I don’t want to go by myself and I am not sure I will know too many people there. I mean, sorry, I am not friends with Gigi and Bella Hadid!” Well, there has been a lot of talk about the rising costs of weddings lately. Er, hello, we’re talking about one of the bestselling recording artists of all time. Fair enough. But wedding etiquette is always tricky, isn’t it? You mean whether to invite Inappropriate Uncle, or so-and-so’s new partner who you’ve never met (and by all accounts you don’t want to)? Exactly! If only there was some kind of guide … Ta-dah! I give you Emily Post’s Wedding Etiquette. Thank you! Who? American writer and socialite, born 1872 … Well, it’s hardly going to be up to date, is it? Actually, Emily’s great-great granddaughter Lizzie Post keeps it updated. And what do they have to say about plus-ones? Spouses, fiances and live-in partners should be invited. Even if you’ve never met them, or you don’t like them? “Your guest is part of a package deal.” So the person who didn’t get a plus-one to Swift’s wedding, why was that? It was, she told the Mail, “because I am a single woman”. What’s the etiquette around singles, then? Have clear criter...

Yachtman Asset Management released its first-quarter 2026 investor letter for its AMG “Yacktman Focused Fund”. A copy of the letter is available to download here. The Fund returned 10.37% for the first quarter, outperforming both the Russell 1000® Value Index and the S&P 500 Index, which returned 2.10% and -4.33%, respectively. The U.S. markets continue to post new highs, with the S&P 500® having compounded at mid-twenties percent returns from 2023 to 2025. The letter noted that there are no indications of a slowdown in the US market, despite significant geopolitical events. The Fund remains disciplined, investing in companies and building a portfolio of strong, risk-adjusted returns throughout the market cycle, emphasizing a long-term strategy for differentiated returns. In addition, please check the Fund’s top five holdings to know its best picks in 2026. In its first-quarter 2026 investor letter, Yacktman Focused Fund highlighted Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation (NASDAQ:MSFT) is a multinational software company that develops and supports software, services, devices, and solutions, holding dominant positions in software, cloud infrastructure, generative AI, and gaming. On May 22, 2026, Microsoft Corporation (NASDAQ:MSFT) stock closed at $418.57 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was -1.47%, and its shares lost 7.02% over the past 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $3.11 trillion. Yacktman Focused Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q1 2026 investor letter: "Microsoft Corporation (NASDAQ:MSFT) was a detractor in the first quarter, but the investment remains a core holding in the portfolio. The “SaaSmaggedon” market reaction hit a broad array of software companies including Microsoft. While we agree that some software players’ products and business models may be significantly impacted by the capabilities demonstrated by Claud...

Yachtman Asset Management released its first-quarter 2026 investor letter for its AMG “Yacktman Focused Fund”. A copy of the letter is available to download here. The Fund returned 10.37% for the first quarter, outperforming both the Russell 1000® Value Index and the S&P 500 Index, which returned 2.10% and -4.33%, respectively. The U.S. markets continue to post new highs, with the S&P 500® having compounded at mid-twenties percent returns from 2023 to 2025. The letter noted that there are no indications of a slowdown in the US market, despite significant geopolitical events. The Fund remains disciplined, investing in companies and building a portfolio of strong, risk-adjusted returns throughout the market cycle, emphasizing a long-term strategy for differentiated returns. In addition, please check the Fund’s top five holdings to know its best picks in 2026. In its first-quarter 2026 investor letter, Yacktman Focused Fund highlighted Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation (NASDAQ:MSFT) is a multinational software company that develops and supports software, services, devices, and solutions, holding dominant positions in software, cloud infrastructure, generative AI, and gaming. On May 22, 2026, Microsoft Corporation (NASDAQ:MSFT) stock closed at $418.57 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was -1.47%, and its shares lost 7.02% over the past 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $3.11 trillion. Yacktman Focused Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q1 2026 investor letter: "Microsoft Corporation (NASDAQ:MSFT) was a detractor in the first quarter, but the investment remains a core holding in the portfolio. The “SaaSmaggedon” market reaction hit a broad array of software companies including Microsoft. While we agree that some software players’ products and business models may be significantly impacted by the capabilities demonstrated by Claud...

Tottenham say "football success had not been driving our decisions" as non-executive chairman Peter Charrington admitted failings and vowed to rebuild in an open letter to the club's supporters. Spurs narrowly avoided relegation with a 1-0 win against Everton on the final day of the Premier League season, finishing 17th for the second season in a row after a difficult campaign that Charrington said fell "well short" of expectations. "Last September, we recognised that something seismic had to change at Spurs," wrote Charrington, who was appointed to the Spurs board in March 2025. "The Lewis family stepped in and authorised a full reset. That decision was not taken lightly, and it came later than it should have." That reset coincided with Daniel Levy stepping down after nearly 25 years as executive chairman, with sources indicating the decision was taken to improve sporting performance. "As part of that process, we discovered some uncomfortable truths," Charrington added. "The qualities that make Spurs distinct, our football, our ambition, the connection between the team and its supporters, had been allowed to fade. Football success had not been driving our decisions. "We did not have the right expertise in key roles. We did not build squads good enough to compete in the most demanding league in the world." Charrington was in attendance at the Tottenham Hotspur Stadium for Sunday's season finale along with Vivienne Lewis, representing the family who own Spurs, her son-in-law Nick Beucher and the club's finance officer Matthew Collecott. Now under manager Roberto de Zerbi, Spurs needed a point on the final day to avoid their first relegation from the top flight since 1977 - and only a third home league win of the season ensured they sent West Ham down instead. Charrington added that Spurs have since restructured their football operations, with refreshed executive and football teams, as well further appointments expected in the coming weeks. The chairman also backed De...