New York City Comptroller Mark Levine wants stricter limits on when the city can dip into its emergency savings accounts, after Mayor Zohran Mamdani proposed drawing down $980 million in reserves to help close a $5.4 billion two-year budget gap. The city’s revenue-stabilization fund was created in 2019 to serve as a fiscal backstop in the event of a major economic downturn. Mamdani’s initial $127 billion budget proposal would have used half the so-called rainy-day fund’s balance even as New York’s economy is in generally good health. The mayor’s budget has drawn fire from credit-ratings firms for using savings to fill a structural deficit without finding long-term solutions to close the gap. Moody’s, Fitch and KBRA each reduced the city’s credit outlook to “negative” from “stable” last month. New York could face increased borrowing costs if the firms decide to cut their ratings on the city’s debt. Under current rules, the mayor is barred from withdrawing more than 50% of the stabilization fund’s balance in any year without a “compelling fiscal need,” including recession, a decline in total revenue, states of emergency or natural disasters. Levine wants Mamdani to impose tougher standards. He suggested that triggering events for tapping into the reserve could be two consecutive quarters of total nonfarm employment losses in the city, or a catastrophic event such as a war, an emergency resulting from a disaster or terrorism. Representatives for Mamdani didn’t immediately comment on Levine’s proposal. Even in those circumstances, the city would be limited to withdrawals equal to 5% of the total tax revenue in the year preceding the downturn or event. And Levine wants the city to have plenty of savings on hand for hard times. He wants to keep a balance in the rainy-day fund equivalent to between 10% and 16% of the city’s tax revenues. “This is not an austerity measure by any means,” Levine said in an interview. “It just does what any family would do. If you have a reall...

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares AI Innovation and Tech Active ETF (Symbol: BAI) where we have detected an approximate $336.6 million dollar inflow -- that's a 3.2% increase

It looks like a smaller, cheaper Tesla is back on the menu. Today, Reuters is reporting that the electric automaker is calling around to suppliers about building an all-new - that is, not based on the Model 3 or the Model Y - electric SUV that would be more affordable than its current lineup. The report, which is based on four anonymous sources in the know, said the vehicle would be built first in China, before eventually being brought to the US and European markets. If true, this would represent a pretty major reversal for Tesla, and especially for Elon Musk, who has insisted over the past few years that the company doesn't need to make … Read the full story at The Verge.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI World ETF (Symbol: URTH) where we have detected an approximate $356.6 million dollar inflow -- that's a 4.8% increase week over week in

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco NASDAQ 100 ETF (Symbol: QQQM) where we have detected an approximate $434.1 million dollar inflow -- that's a 0.6% increase week over week in

美國和伊朗同意停火展開談判，但前景未明。以色列繼續猛烈攻擊黎巴嫩，殺死逾250人，又宣稱擊殺了真主黨領袖卡西姆的私人秘書。伊朗批評以色列違反停火協議，令談判變得毫無意義，再度封鎖霍爾木茲海峽。 以色列軍方周四發布影片，展示在黎巴嫩南部展開的針對性空襲行動。以色列總理內塔尼亞胡同日表示，將繼續以「武力、精準與決心」對黎巴嫩真主黨發動打擊。 美國與伊朗周三宣布停火兩周後，以色列繼續對黎巴嫩首都貝魯特，及周邊地區發動攻勢。 以軍稱打擊逾一百個真主黨目標，批評真主黨以平民做人盾。以軍又宣布，擊殺了真主黨領袖卡西姆的姪兒兼私人秘書。 黎巴嫩民防及衞生部門指，單是周三一日就有逾250人死亡，過千人受傷。真主黨亦向以色列北部發射火箭炮，回應以色列的軍事行動。 以色列北部地區，周四清晨響起警報聲，有當地居民對於平息衝突不樂觀。 有以色列居民指出：「我非常希望這份協議，能與伊朗和黎巴嫩共同達成，但條件是真主黨必須解除威脅性武器，並且我們在黎巴嫩和平共處。」 各方就停火協議，是否包括黎巴嫩存在分歧，美國及以色列稱不包括黎巴嫩，斡旋方巴基斯坦就稱，各方同意在包括黎巴嫩在內所有地點立即停火。 伊朗外長阿拉格齊稱，伊美停火條款清晰而明確，伊朗傳媒引述消息人士指，假如以方繼續攻擊黎巴嫩，伊朗將會退出停火協議。 伊朗總統佩澤希齊揚表示，伊朗不會拋棄黎巴嫩人民，以色列對黎巴嫩的攻擊違反停火協議，令談判變得毫無意義。 白宮稱美國副總統萬斯、總統特使威特科夫，和特朗普女婿庫什納，將於巴基斯坦時間周六上午在首都伊斯蘭堡，跟伊朗代表舉行首輪會談。 伊朗伊斯蘭議會議長卡利巴夫，據報將率領伊朗代表團會談。他在網上帖文稱，談判還未開始，德黑蘭10項停戰條款已有3項遭違反，可行的談判基礎受到公然破壞。他強調黎巴嫩及伊朗其他盟友，是停火協議不可分割的一部分。 霍爾木茲海峽在宣布停火後曾短暫開放，伊朗允許獲授權的船通過。伊朗傳媒報道，由於以色列繼續攻擊黎巴嫩，霍爾木茲海峽已經再次關閉。 伊朗高層消息人士透露，根據停火協議，伊朗每天最多允許15艘船通過霍爾木茲海峽。

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Value ETF (Symbol: IWD) where we have detected an approximate $754.6 million dollar inflow -- that's a 1.0% increase week over w

"We're not investing approximately $200 billion in capex in 2026 on a hunch," Jassy wrote in his annual letter to shareholders

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Financials ETF (Symbol: IYF) where we have detected an approximate $189.7 million dollar outflow -- that's a 5.3% decrease week over we

While the world remains divided over the unresolved issue of toll collection in the Strait of Hormuz, some Chinese experts have proposed pegging fees to oil prices or using exportable digital tokens from China for settlements. If tolls were to be imposed in this strategic chokepoint for global energy trade, settlement mechanisms could be “innovative”, said Wang Yiwei, director of the Institute of International Affairs at Renmin University. “Tolls and settlements could be tied to oil prices or...

格隆汇4月9日｜巴克莱维持对美联储将利率维持不变直至9月的预测，此前3月联邦公开市场委员会会议纪要显示，尽管对通胀的担忧日益加剧，但并未出现明确的鹰派转向。巴克莱维持其基准预测，即2026年9月降息25个基点，随后在2027年3月再次降息，这与美联储点阵图的中位数预测一致。

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR EURO STOXX 50 ETF (Symbol: FEZ) where we have detected an approximate $197.2 million dollar outflow -- that's a 4.2% decrease week over week (f

Fubo is rolling out a big mobile app update today that adds a bunch of new features , including short-form videos with news about your favorite teams and leagues. You'll also find a carousel of live video as soon as you open the app, allowing you to preview games before you tap into them. The live TV streaming service is expanding a feature called Team Channels, which uses AI to create a playlist of bite-sized clips from a game that you've recorded. But Fubo is expanding this feature to more leagues (though the company doesn't say which ones), while its AI system can now pick up on more kinds of key moments to include in its playlist. Fubo, … Read the full story at The Verge.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the BNY Mellon US Mid Cap Core Equity ETF (Symbol: BKMC) where we have detected an approximate $195.8 million dollar outflow -- that's a 32.6% decrease

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $278.0 million dollar outflow -- that's a 0.6% decrease week over week

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Mid-Cap 400 Growth ETF (Symbol: IJK) where we have detected an approximate $300.9 million dollar outflow -- that's a 2.9% decrease w

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Schwab Short-Term U.S. Treasury ETF (Symbol: SCHO) where we have detected an approximate $360.9 million dollar outflow -- that's a 2.9% decrease wee

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR SSGA US Large Cap Low Volatility Index ETF (Symbol: LGLV) where we have detected an approximate $353.2 million dollar outflow -- that's a 23.5%

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraPro QQQ (Symbol: TQQQ) where we have detected an approximate $679.2 million dollar outflow -- that's a 2.4% decrease week over week (

周四油价上涨，原因是市场对脆弱的两周中东停火协议能否持久存疑，这引发了人们对通过关键霍尔木兹海峡的能源流动将继续受到限制的担忧。 格林尼治标准时间06：45，布伦特原油期货上涨2.18美元，涨幅2.3%，至每桶96.93美元；美国西德克萨斯中质原油期货上涨3美元，涨幅3.18%，至每桶97.41美元。 由于市场初步乐观地认为停火将导致海峡重新开放，两大基准原油在前一交易日均跌破每桶100美元，其中WTI录得自2020年4月以来的最大单日跌幅。 然而，分析师表示，市场参与者不愿完全消除地缘政治风险溢价，而且美伊谈判对石油流动意味着什么尚无明确信息。 石油市场分析机构Vanda Insights创始人Vandana Hari表示：“霍尔木兹海峡近期内有意义地重新开放的可能性看起来很小。”她预测油价将继续波动。 “期货市场看起来有点 broken，”她说。否则，“价格现在应该已经迅速回落到停火前的水平了。” 这条关键水道连接着伊拉克、沙特阿拉伯、科威特和卡塔尔等海湾产油国与全球市场，通常承载着全球约20%的石油和天然气供应。 停火的可行性受到质疑，因为以色列周三继续攻击黎巴嫩，导致伊朗表示，继续进行旨在达成永久和平协议的谈判将是“不合理的”。 航运公司周三表示，在恢复通过霍尔木兹海峡的运输之前，他们需要更清楚地了解停火条款。据伊朗媒体报道，伊朗已发布地图，引导船只绕过水道中的水雷，并与该国革命卫队协调，指定了安全的通行路径。 渣打银行分析师在一份报告中表示：“物流脱节、安全担忧、保险费用上涨和运营限制意味着，未来两周内通过霍尔木兹海峡供应的额外能源可能非常有限。” 地区石油设施也仍面临威胁。据一位石油行业消息人士称，停火后，伊朗袭击了周边国家的目标，包括沙特阿拉伯的一条用于绕过被封锁的霍尔木兹海峡的管道。 科威特、巴林和阿联酋也报告了导弹和无人机袭击事件。 与此同时， 高盛 在美伊停火后将2026年第二季度布伦特原油和美国原油的预测分别下调至每桶90美元和87美元。此前，该行预测布伦特原油和WTI原油均价分别为每桶99美元和91美元。 责任编辑：张俊 SF065

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Small-Cap 600 Value ETF (Symbol: IJS) where we have detected an approximate $526.1 million dollar outflow -- that's a 6.6% decrease

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 0-1 Year Treasury Bond ETF (Symbol: SHV) where we have detected an approximate $354.7 million dollar inflow -- that's a 1.7% increase week ov

The US’s war with Iran has put a potentially irreversible strain on the global trading system, with gold reserves having eclipsed central bank holdings of valuation-adjusted dollar assets for the first time in several decades. It’s very early days after the announcement of a ceasefire between the US and Iran, yet even if it holds, the conflict is likely to have created lasting effects on the dollar system as President Donald Trump appears to rip up the rules-based order in place since World War II. The dollar’s demise has been greatly exaggerated on many previous occasions. But it will not be a dramatic point-in-time event. Sterling’s fading as a reserve currency was punctuated by several milestones over an extended period — the end of World War I, coming off the Gold Standard, Bretton Woods and the Suez crisis. After the increasing weaponization of the dollar, culminating in the seizure of Russian assets in the wake of the war in Ukraine, and the mooting of a Mar-a-Lago accord, the US currency has just passed another milestone in its declining dominance. Dollar-denominated reserves - ie central bank holdings - adjusted for valuation effects are now lower than gold reserves for the first time since the International Monetary Fund started publishing the data in the late 1990s. Pairing the unadjusted dollar number with gold as is usually done is not a fair parallel as bullion pays no interest. A more equal comparison is with the dollar shorn of its earning effect, as in the chart above. Unadjusted dollar reserves then come to about $4 trillion, barely half the $7.5 trillion for the unadjusted measure reported by the IMF, which includes the interest earned on them (I use the Bloomberg US Treasury Index and take its return out of the unadjusted number). The IMF-reported amount is real, but it doesn’t capture active demand. The same argument can be leveled at gold. Holdings of central banks could simply be passively benefiting from the metal’s historic rise in recent yea...

DIS' pullback comes amid rising costs and expansion risks, but strong Experiences growth, improving streaming profits and a discounted valuation support its outlook.

Palantir Shares Sink as Michael Burry Warns of Rising Threat From Anthropic TradingView

在特朗普宣布对伊朗停火两周后，美股再度上演单日大涨，标普500指数4月8日收涨2.51%。 TACO （Trump Always Chickens Out） 行情再次成立。TACO一词最早被华尔街用来形容特朗普每每在放出狠话后又于最后关头让步的行事风格。记者梳理了特朗普第二任期以来标普500指数的十大单日涨幅，有九次都与TACO相关。 在屡试不爽的情况下，华尔街甚至已经把TACO写进了交易策略。 主导市场涨跌节奏 传统框架下，股票风险溢价由经济周期、货币政策和企业盈利共同决定。但在过去一年，特朗普的表态正在越来越频繁地主导市场涨跌节奏。 特朗普第二任期以来标普500指数前十大单日涨幅 数据来源：Wind 比如，新华社消息，特朗普2025年4月21日加大对美国联邦储备委员会主席鲍威尔的“炮轰”力度，称其为“一个大失败者”，并警告如果鲍威尔不马上降息，美国经济将出现放缓，美国金融市场应声大跌。2025年4月22日，特朗普改口称，他“无意”解除鲍威尔的职务。受此影响，4月22日，标普500指数当日涨2.51%。 再比如，据央视新闻报道， 4月6日，特朗普表示，若伊朗未能在美东时间4月7日20时前“投降”，他将对伊朗的民用基础设施发动打击。 特朗普7日在社交媒体上发文威胁伊朗称，“今晚，整个文明将消亡”。 在最后期限即将到来时，特朗普突然转变态度。 据央视新闻报道，美国东部时间7日傍晚，特朗普在社交媒体发文称，他同意暂停对伊朗的轰炸和袭击两周，前提是伊朗同意“全面、立即且安全地”开放霍尔木兹海峡。 8日，标普500指数收涨2.51%。 反之亦然，美股的几次大跌，与特朗普的表态也息息相关。 特朗普第二任期以来标普500指数前十大单日跌幅 数据来源：Wind 以2025年3月10日为例，新华社消息， 美国媒体2025年3月9日报道，特朗普当天接受采访时对政府关税政策进行辩护，拒绝排除美国经济因此陷入衰退的可能。受此影响， 标普500指数 2025年3月 10日下跌2.70%。 值得注意的是，如果在上述十个大跌日买入标普500指数并持有至今，大部分都是赚钱的，但是买入时机和持有时间至关重要。 比如，假设投资者在2025年4月4日的最低点买入，到4月9日盘中最高点便能有约18%的收益；若持有至2025年年底，累计收益接近30%。这些日期距今大多已有近一年的窗口期，为反弹提供了充分的...

A Unitree Robotics store inside JD Mall in Beijing’s Shuangjing area. Photo: IC Retail property rents in Beijing extended their decline in the first quarter of 2026, as cautious consumer spending forced landlords to cut prices to maintain occupancy. The weakening commercial real estate market highlights an increasingly polarized retail landscape in the Chinese capital. Mass-market consumers are scaling back on everyday purchases, while affluent shoppers are driving demand for safe-haven gold and emerging technology retail formats.

The cost of compensating for the risk of owning US stocks has surged since fears over the war on Iran and disruption by artificial intelligence gripped investors. While that has helped the market pull back from last year’s record highs, it’s still not cheap. Finance professor Aswath Damodaran recently calculated that investors are demanding the highest penalty to own stocks in more than two years. Magnificent 7 stocks are down over 10% from highs despite stellar earnings in the past quarter. That has veteran strategist Ed Yardeni seeing an entry point for tech stocks While inflation and recession are less of a risk, US equities rely on an ever-expanding economy to keep rallying Not cheap US equities are by no means undervalued. A free-float weighted index of global equities excluding the US trades at 18 times earnings. The S&P 500 trades at over 24 times. That’s at the upper end of the range US stocks have traded in the period since the Great Financial Crisis ended in March 2009. Since fears of a bubble building around artificial intelligence became palpable over six months ago, investors have gradually started to demand extra compensation to own US equities over a risk-free rate. Valuation guru Aswath Damodaran, a finance professor at New York University, has calculated the penalty investors extracted for owning equities to be at its highest level since late 2023. It now costs 4.77% more to own US equities than the risk-free return. Still, US equities rely on an expanding economy supporting the growth prospects already built into their valuations. That means that they need to get even cheaper to sustain another multiyear rally. As a comparison, stocks were trading at an equity risk premium of over 6% in October 2022 following another oil price shock at the time. That helped the market generate a one-year total return of 18.5% and just above 90% over the following three years. We’re just not there yet. Entry point? The Middle East conflict arrived while sentiment ar...

以色列能源部周四表示，已指示Energean公司开始恢复位于以色列地中海沿岸的卡里什天然气平台的作业。 自2月28日美以与伊朗的战争爆发以来，出于安全考虑，该平台一直处于关闭状态。 Energean证实，已收到能源部的通知，允许其安全重启卡里什项目并恢复生产和作业。 该公司表示：“Energean正努力按照其操作程序安全地重启生产并恢复正常作业。” Energean在伦敦上市的股票上涨2.4%，至851便士。 上周，以色列近海的利维坦气田在因战争关闭一个月后也已恢复运营。 责任编辑：张俊 SF065

The potential collaboration would see the vehicle manufactured at Stellantis’ Zaragoza facility.