Investing.com -- A blockchain protocol developed by Ant Group, the Chinese fintech giant behind Alipay and an affiliate of Alibaba Group, has powered the launch of the first institutional-grade onchain vault focused on emerging-market consumer lending, Investing.com has learned. R25, which traces its origins to Ant Financial’s protocol development, is expected to announce today that it has gone live on the Pharos blockchain with the Axil Consumer Credit Vault, which raised $50 million in pre-deposits and hit its cap within 48 hours. The vault has launched with $35 million in committed deposits and offers yields of up to 15% APY, sourced from the underlying consumer lending assets and protocol incentives. The launch is timed to coincide with visible stress in traditional private credit. The $1.8 trillion private credit market is in the midst of a sharp contraction, with BDC sales down 40% and some evergreen funds gating redemptions. The vault is expected to be positioned as a structural counterpoint to that market, offering exposure to hundreds of thousands of small-ticket retail loans with low correlation to corporate credit, denominated in USDC. According to sources, the vault’s smart contracts have been audited by blockchain security firm SlowMist. Pharos, the underlying network, raised $44 million in a Series A focused on real-world asset tokenization. Related articles Exclusive: Ant Group-backed R25 launches emerging-market consumer credit vault Goldman expects lower but still attractive stock market returns in 2026 Morgan Stanley CIO survey: Why AI hype isn’t boosting 2026 IT budgets

专题：聚焦美股2026年第一季度财报 新款 MacBook Neo 上市、退税额度提升助力营收增长。 周四盘前，电子产品零售商 百思买 公布一季度业绩，整体表现超出华尔街预期。 苹果 新款 MacBook Neo 等主力产品上市，叠加民众退税收入增加，有效拉动公司销售额。 本财年一季度，百思买 同店销售额同比增长 2% ，大幅高于市场 0.9% 的预期，也超出公司此前 1% 的目标。这一数据较四季度形成明显反转 —— 去年四季度受假日消费降温影响，公司同店销售额曾下滑 0.8%。 公司一季度营收达 89 亿美元，高于市场预期的 88 亿美元；调整后每股收益 1.28 美元，同样超出 1.22 美元的市场预估。 百思买首席执行官科里・巴里表示，多数核心品类同店销售额实现正向增长，同时公司广告业务与第三方交易平台业务表现亮眼，共同推动了本次业绩走高。 一季度期间，消费者面对刚需产品或创新亮点突出的商品，愿意选购高价机型。 任天堂 Switch 2、 索尼 PS5、 微软 Xbox 等游戏主机销量表现超预期；智能眼镜、3D 打印机、宝可梦集换卡牌、Oura 智能戒指等新兴品类销售额同比翻倍。不过高端大家电品类销售承压。 韦德布什分析师马修・麦卡特尼在财报发布前的研报中指出：“苹果一季度业绩创下新高，新款 MacBook Neo 市场需求旺盛，为百思买带来明显增量。罗技外设业务数据同样向好，其表示美国高端消费群体需求坚挺、退税红利持续释放，且美国游戏设备销量自 2 月起重回正增长。” 本次财报也是百思买宣布人事变动后的首份业绩报告。公司此前称，首席执行官科里・巴里将于三季度末卸任。 巴里在公告中表示：“当前公司发展势头良好，此时交接管理层恰逢其时，我将于今年晚些时候卸任首席执行官一职。” 现任客户、产品及履约事务总监杰森・邦菲格将于 10 月 31 日 接任 CEO。交接后，巴里将继续担任六个月战略顾问，邦菲格也将接替其董事会席位。 邦菲格在财报公告中公布了后续核心发展方向：效仿 沃尔玛 、 塔吉特 的发展模式，将百思买打造为集零售、媒体、广告与科技于一体的综合企业。目前公司第三方交易平台等高毛利业务，已获得华尔街认可。 责任编辑：郭明煜

停车费欠费与追缴的情况并非西安独有。一场博弈在“追”与“逃”之间展开。 西安车主吴阳最近遇到这样一件烦心事。他开车想要驶离停车场时被告知，不仅需要缴纳本次停车费，还要至少再缴纳一笔路内停车欠费。 像吴阳这样的车主不在少数。第一财经在调查中发现，当地将数十年的停车收费权拍卖给了不同的国资停车收费公司，停车费成为财政中一笔不小的收入。如今，如何要回欠费，正在成为这些公司不得不面对的难题。 事实上，停车费欠费与追缴的情况并非西安独有。一场博弈在“追”与“逃”之间展开。 欠费问题突出 2025年9月1日，西安市开始实施新的停车场机动车停车收费标准。不过，吴阳等车主对比发现，同样情况下很多路段调整后的收费标准更高了。 路内停车收费的突然调整，以及停车公司对停车位的控制力较弱，则在一定程度上加剧了收费的难度。 吴阳告诉第一财经记者，因为对停车收费突然涨价不满，他没有按规定缴纳停车费，日积月累这笔费用已经拖欠至数千元。 还有车主告诉记者，自己的车在路边车位上被剐蹭后，被告知停车公司只负责收费、不负责保管。从那以后，自己也不愿缴费了。 面对单日动辄几十元乃至近百元的停车费，一些车主选择拒缴，一些车主将车牌摘掉，还有一些车辆沦为“僵尸车”。 在北京市丰台珞珈创新研究院副院长倪仕水看来，不少车主对路内停车收费有怨气，背后是认知的错位。譬如车主反馈最激烈的养路费，其实停车费与养路费无关，而是资源占用费。 在先后调研全国四大区域的36个代表城市、112家停车运营企业、2.8万名样本车主后，停车产业服务机构停车邦在一篇《关于全国城市道路停车泊位缴费率基本情况及主要问题的调查报告》中指出，全国城市路内停车泊位平均缴费率仅为40%~55%，行业平均欠费率达18%，部分城市欠费率超25%，年累计欠费总额超200亿元。逃费、漏缴、长期欠费成为全国路内停车管理的普遍痛点。其中，诸如西安、郑州这样的城市，平均缴费率在45%~52%，智慧化覆盖较高但追缴力度不足，欠费积压问题突出。 来自西安市公安局的数据则显示，作为千万人口大市，截至2025年3月，西安市机动车保有量582万辆，全国排名第七。 不小的蛋糕 记者查询发现，2020年前后，西安市的路内停车泊位收费工作，被移交给西安市下属各区实施属地管理，各区先后成立了国资背景的停车服务公司，并经相关手续取得了所在区路内停车泊位的特许经营权。 西安市碑林区国有...

折扣零售商 美元树公司 （Dollar Tree， Inc．， 纳斯达克 代码：DLTR）股价在周四盘前交易中大幅上涨13.7%。此前该公司公布的2026财年第一季度财报各项指标均超出市场预期，同时宣布与 DoorDash 达成战略合作，将即时配送服务引入其全美门店。 财报数据显示，在截至5月2日的第一季度，美元树总营收达到49.8亿美元，同比增长7.2%。同店净销售额增长3.5%，主要得益于平均客单价提升4.5%，但客流量小幅下降1.0%对此有所抵消。公司首席执行官Mike Creedon表示：“我们第一季度的业绩反映了整个业务的持续进展，证明了美元树作为价值、便利和寻宝体验首选目的地的市场地位。” 盈利能力方面，调整后稀释每股收益为1.74美元，较去年同期的1.26美元大幅增长38%，显著高于FactSet调查中分析师预期的1.53美元。营业利润率同比扩大120个基点，主要得益于毛利率提升以及运费和损耗成本的降低。公司在本季度回购了595万股普通股，价值5.95亿美元。 基于第一季度的强劲表现，美元树上调了2026财年全年调整后每股收益指引至6.70至7.10美元区间，此前为6.50至6.90美元。公司同时预计第二季度同店销售额增长2.5%至3.5%，调整后每股收益为1.00至1.15美元。 此外，美元树同日宣布与DoorDash建立合作伙伴关系，从全美48个州超过9000家门店提供即时配送服务，平台上可选购超过10，000种商品，涵盖日常必需品、派对用品、季节性商品等。为庆祝此次合作，即日起至6月17日，首次通过DoorDash订购美元树商品的新用户可享受满25美元减20美元的优惠。这项合作被视为美元树拓展线上渠道、吸引新客群的重要战略举措。 责任编辑：张俊 SF065

sompoch sivakosit/iStock via Getty Images Equities trade at the most outrageous valuations since the end of the Internet Boom, just over a quarter century ago. In addition, market concentration has increased dramatically over the past several years and is now at levels last seen just before the Internet Bust. GFD Fineaon, Bloomberg, BofA Global Investment Research In addition, from almost every economic, geopolitical, and demographic metric, the end of the 20th century was much more supportive of both equities and GDP growth. Despite that, the market cracked in early 2000. This bust lopped off roughly 80% of the NASDAQ valuation peak to trough and cut the S&P 500 by over 40%. Shiller PE Ratio (Multpl) The similarities between the market now and 1999 are eerily similar in some ways. AI is the first true technology-driven paradigm shift since the birth of the internet in the late 1990s. The AI revolution has triggered a massive surge in tech spending. This in turn has seen a huge spike in the profits and revenues at the chipmakers providing the ' picks and shovels ' to this buildout, such as Intel ( INTC ) and NVIDIA Corporation ( NVDA ) . This has resulted in huge rises in profit margins for this notoriously cyclical industry. Charlie Biello, YCharts The same thing occurred in 1999 but was driven by the networking firms like Cisco Systems ( CSCO ), Qwest, and Nortel Networks. The surge of demand has pushed these margins way above historical norms at names like NVIDIA, just like they did at Cisco in the late 1990s. Of note, when demand stopped growing exponentially in 2000, so did profit margins, which reversed sharply, as did their stock prices. However, in comparing 1999 to 2026, it is clear that during the end of the 20th century, the environment and backdrop for the economy and equities were much more favorable. This article will explore these factors in more detail. U.S. Fiscal Situation This is one area where it is crystal clear that 1999 was much more favorable...

OR YEHUDA, Israel, May 28, 2026 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, today announced its results of operations for the first quarter ended March 31, 2026. Financial Highlights for the First Quarter of 2026 On February 24, 2026, Matrix IT Ltd. (“Matrix”) and Magic Software Enterprises Ltd. (“Magic Software”), both subsidiaries of the Company, announced the completion of their merger agreement. The transaction, which was effected through a reverse triangular merger, resulted in Matrix acquiring all of the issued and outstanding share capital of Magic Software in consideration for the allotment of 28,861,564 ordinary shares of Matrix to Magic Software’s shareholders (0.5878202 Matrix ordinary shares for each Magic Software ordinary share). Following completion of the merger, Magic Software became a wholly owned (100%) subsidiary of Matrix, its shares were delisted from trading on Nasdaq and the Tel Aviv Stock Exchange, and it ceased to be a public company. Revenues for the first quarter ended March 31, 2026 increased by 19.2% year over year, reaching a first quarter record-breaking $738.3 million, compared to $619.4 million in the same period last year. Operating income for the first quarter ended March 31, 2026 increased by 65.6% year over year, reaching a first quarter record-breaking $82.0 million compared to $49.5 million in the same period last year. Operating income for the first quarter of 2026 included a capital gain of $16.8 million resulting from exercise of employee stock-based compensation and a secondary private placement transaction completed by our affiliate, TSG IT Advanced Systems Ltd. (“TSG”), in January 2026. On January 13, 2026, TSG’s Board of Directors approved a capital ra...

Rosenblatt reiterates Meta stock rating on subscription plans Investing.com

粤桂股份公告，公司于2026年5月28日收到深圳证券交易所出具的《关于广西粤桂广业控股股份有限公司申请向特定对象发行股票的审核中心意见告知函》。深交所发行上市审核机构对公司向特定对象发行股票的申请文件进行了审核，认为公司符合发行条件、上市条件和信息披露要求，后续深交所将按规定报中国证券监督管理委员会履行相关注册程序。公司本次向特定对象发行股票事宜尚需获得中国证监会同意注册后方可实施。

SoFi CEO Anthony Noto has been quietly putting his own money to work in his company’s stock all spring. According to Form 4 filings, Noto made open-market purchases of SoFi Technologies (NASDAQ: SOFI) common stock on March 2, March 17, May 8, and May 11, 2026, accumulating a total of 116,323 shares at prices ranging ... SoFi CEO Anthony Noto Has Bought the Dip 3 Times This Year. Should You?

澳門周三晚上發生致命交通意外，一名約10歲男童，在斑馬線過馬路時被私家車撞死，有意見認為政府要盡快修改道路交通法。 意外發生在青洲大馬路的斑馬線，有不少市民在案發翌日到場獻花悼念和上香，並有零食和公仔。 澳門市民李先生稱︰「雖然我不是他的親戚，但覺得只有10歲，很可惜。斑馬線應該要讓行人，否則甚甚麼叫斑馬線。」 澳門市民甄先生說︰「這裡太多車，巴士又大架，車又行駛得越來越快。天眼要多一點，不論違泊或逆駛，都會阻礙(視線)。」 警方表示，涉案40多歲的澳門司機，涉嫌在斑馬線前沒有「讓先」，即是讓行人先過以及減速，被控過失殺人罪移交檢察院。 根據治安警數據，今年至今，司機在斑馬線前無「讓先」的檢控有326宗，按年增加三成二。 根據現行道路交通法規定，駕駛者在接近斑馬線或轉入路口時都應該減速或停車，否則會罰款600至2,500元，累犯的會被停牌。 政府在上屆立法會會期曾提出修改《道路交通法》，由於有分歧最終未有完成。 澳門交通諮詢委員會委員王國英表示︰「新的立法會期已開始這麼久了，是否應放上議事日程，盡速通過法例，包括限制駕駛者在駕駛期間，使用手提電話，或行人過路時使用手提電話，罰則如何加強，將條例和執法與時俱進。」 澳門政府就稱，將會全面檢視學校周邊的交通過路設施，保障居民出行安全。

樓市交投加快，準買家向銀行申請按揭，等候時間也較以往長，甚至出現審批「塞車」情況。按揭顧問提醒要預留更多時間申請，以免審批延誤影響交易。 樓市交投明顯轉旺，整體物業買賣登記今年來已突破37,000宗，較去年同期多兩成半。住宅買賣交投加快，令按揭申請增加。由於銀行需時處理，這批已入市買家等待按揭上會也較以往更久。 地產代理黃靜娟說：「以前可能兩周已可以，現時按揭方面，預計大概批核時間，以大型銀行為例，需時約三至四周。樓市較旺盛，一手成交也多，盡早申請較好，否則有時銀行批核，可能說還欠甚麼文件要補充，這方面或令時間浪費。」 有按揭顧問也注意到，近期銀行審批按揭申請出現「塞車」情況，個別新買家更透露，遞交所需文件後，長達六周仍不獲銀行回覆，建議新買家及早遞交申請。 按揭顧問莊錦輝表示：「往後由於樓市越來越暢旺，等候時間將越來越長，所以準買家需有幾手準備，首先入息文件要很齊備，買樓前先準備入息文件，不需銀行來來回回補文件，節省很多時間。也可考慮在買樓前，先查閱自己的信貸報告。簽買賣合約時，最少要有兩個月成交期，若可爭取三個月就更好，有三個月時間申請按揭就很充裕。」 他又提醒，若申請高成數按揭，審批時間或長達一個月以上，準買家應預留更充裕時間。

樓市交投加快，準買家向銀行申請按揭，等候時間也較以往長，甚至出現審批「塞車」情況。按揭顧問提醒要預留更多時間申請，以免審批延誤影響交易。 樓市交投明顯轉旺，整體物業買賣登記今年來已突破37,000宗，較去年同期多兩成半。住宅買賣交投加快，令按揭申請增加。由於銀行需時處理，這批已入市買家等待按揭上會也較以往更久。 地產代理黃靜娟說：「以前可能兩周已可以，現時按揭方面，預計大概批核時間，以大型銀行為例，需時約三至四周。樓市較旺盛，一手成交也多，盡早申請較好，否則有時銀行批核，可能說還欠甚麼文件要補充，這方面或令時間浪費。」 有按揭顧問也注意到，近期銀行審批按揭申請出現「塞車」情況，個別新買家更透露，遞交所需文件後，長達六周仍不獲銀行回覆，建議新買家及早遞交申請。 按揭顧問莊錦輝表示：「往後由於樓市越來越暢旺，等候時間將越來越長，所以準買家需有幾手準備，首先入息文件要很齊備，買樓前先準備入息文件，不需銀行來來回回補文件，節省很多時間。也可考慮在買樓前，先查閱自己的信貸報告。簽買賣合約時，最少要有兩個月成交期，若可爭取三個月就更好，有三個月時間申請按揭就很充裕。」 他又提醒，若申請高成數按揭，審批時間或長達一個月以上，準買家應預留更充裕時間。

*ST雅博公告，公司控股股东山东泉兴科技有限公司与枣庄市财金控股集团有限公司、山东财汇控股集团有限公司分别签订了《国有股份无偿划转协议》，将其持有的雅博股份4.48亿股（占上市公司股权比例21.1290%）全部实施无偿划转，其中3.63亿股无偿划转给枣庄财金（占股权比例17.1145%），8514.18万股无偿划转给山东财汇（占股权比例4.0145%）。交易完成后，泉兴科技不再持有上市公司股份，公司控股股东将变更为枣庄财金，实际控制人将由枣庄市国资委变更为枣庄市财政局。

The AI trade is heating up just in time for summer, and as we enter the month of June, the SpaceX IPO could crank up the heat several notches as a flood of investors finally get a chance to own a piece of Elon Musk’s space and AI empire. Who knows? It’s speculated that Tesla ... The Bitcoin-Miners-Turned-AI-Neocloud Plays Might Still Be an Underappreciated Trade in AI

格隆汇5月28日｜中信证券(06030.HK)公告，公司拟向中信金控发行H股股票，募集资金160亿元，由中信金控以现金全额认购，发行价格23.13港元/股。中信金控为公司持股5%以上股东，构成关联方，本次认购构成关联交易。该交易已获公司董事会审议通过，关联董事回避表决，此前已通过审计委员会等预审。本次发行尚需经股东会通过、香港联交所批准及取得其他必要审批，并向证监会备案，能否获批及时间存在不确定性。

Futures Fall, Oil Rises As Mideast Violence Flares Up US futures are but well off session lows, as part of a weaker risk tape after the US and Iran exchanged strikes, fueling doubts whether an end to the war is imminent and crushing hopes for a Hormuz deal ( gasp). Overnight, US forces carried out airstrikes on an Iranian military site which Centcom described as "purely defensive" and designed to maintain the ceasefire; it also imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz. In response, Iran targeted the American airbase from which the attack originated. Centcom said that Kuwait also intercepted a ballistic missile launched toward it. While S&P futures initially tumbled as much as 0.5% on the news in overnight trading, they since recovered much of the losses, but were still down 0.2% as of 8:00am, with Nasdaq futures down 0.5%. In premarket trading, Mag7 names are mostly lower as Semis are sold and Software bid post earnings releases. Defensives and Energy are the notable outperformers as the market resumes its US / Iran playbook; EM likely to underperform DM. Bond yields are up 1-2bp as the yield curve bear flattens; the 10Y is up to 4.50%, after earlier rising to 4.53%. Crude prices are not seeing as dramatic of a response as earlier in the conflict; natgas is trading lower, Ags higher, and metals for sale as USD sees a bid. Today’s macro data focus is on PCE, Income, and Spending to gauge the depth of the impact from the Middle East Conflict with add’l updates to Durable / Cap Goods, Jobless Claims, and 26Q1 GDP revisions. Aside from a resumption of the kinetic conflict / failure for a deal, JPMorgan views inflation as the biggest risk to Equities with bond yields as the transmission mechanism. Today’s print will be important but given the status of the conflict, next month’s CPI print is likely the more important print. In premarket trading, Mag 7 stocks are mostly lower (Microsoft +0.9%, Meta +0.2%, Apple -0...

美国电子零售商 百思买 （Best Buy）股价在周四盘前交易中上涨近8%，此前该公司公布的2027财年第一季度财报显示，其营收和利润均超出华尔街预期，且同店销售额恢复增长。 根据公司发布的财报，截至5月2日的第一季度，企业同店销售额同比增长2.0%，较上年同期0.7%的跌幅实现强劲反弹，并高于分析师预期的约1%。其中，国内同店销售额增长1.8%，国际部门表现更为亮眼，增幅达4.7%。公司首席执行官Corie Barry表示，团队在动态的宏观经济环境中执行良好，交出了符合预期的营收和好于预期的调整后运营利润。 推动本季度增长的核心品类包括游戏、计算、手机以及服务业务。财报显示，企业总收入达到89.36亿美元，高于去年同期的87.67亿美元；稀释后每股收益为1.31美元，较去年同期的0.95美元大幅增长38%；调整后每股收益为1.28美元，同比增长11%。 与此同时，百思买正在积极拓展传统零售以外的高增长业务。Barry在财报声明中指出，公司正“规模化推进百思买广告和百思买市场等新的利润流”，这些业务预计将随着时间的推移带来可观的收益。值得注意的是，公司日前已宣布现任CEO Corie Barry将于10月底卸任，由公司资深人士Jason Bonfig接任，后者预计将专注于扩大利润率更高的广告和 Marketplace 业务。 展望未来，公司首席财务官Matt Bilunas表示，5月至今的销售额已实现高个位数增长，但考虑到去年6月 任天堂 Switch 2大获成功的强势对比，第二季度同店销售额增长预计将放缓至约1%。尽管如此，百思买重申了其2027财年的全年业绩指引，预计同店销售额变化范围为-1.0%至1.0%，调整后每股收益预计在6.30美元至6.60美元之间。 责任编辑：张俊 SF065

经济奇点 作者 | 万连山 数据支持 | 勾股 大数 据（www.gogudata.com） 人近中年，身处这样一个时代，很难不产生焦虑。 自己这一代人的壮年，大概率要为技术革命的阵痛、社会转型的割裂而牺牲。 下一代呢？他们是否能享受到新时代的红利、摆脱当代人的焦虑？ …… 最近， Anthropic 联合创始人兼政策负责人杰克·克拉克，在牛津大学的演讲上预测： 到 2028 年底，有 60% 以上概率出现能够自主构建下一代系统的 AI 。 几乎同样的话， 山姆 ·奥特曼 早在 2025 年 10 月也说过： 2028 年 3 月，真正能帮人类写论文和做实验的“自动化 AI 研究员”将正式问世。 一个人这么说，你可能觉得他在吹牛。 但如果互相敌对、当前最强大的两家 AI 巨头都这样表态，我们就该好好审视一番了。 真的有这么快？ 届时，又将发生什么？ 01 预测的背后，是两条正在疯狂叠加、且从未在历史上任何产业中出现过的指数曲线。 第一条曲线是摩尔定律在 AI 时代的变体： 算力缩放法则。 AI 集群的算力总规模和芯片制造效率，每 18-24 个月翻倍。 第二条曲线： 算法效率。 在达到相同性能的前提下，大语言模型和视觉模型的算法优化效率平均每 9-12 个月翻倍。 这两条指数结合起来，就构成了一个前所未有的正反馈环。 在传统的经济学模型里，不管你是种地、造汽车还是盖房子，都无法避免一个物理诅咒： 边际报酬递减。 在固定资源不变的前提下，持续增加某一种可变生产要素，一开始收益会上升，但到达临界点之后，带来的新增收益会越来越少，甚至最终变成负收益。 比如企业招人，办公室空间、设备固定，初期增加员工，工作效率大幅提升；人员饱和后再招人，只会出现人浮于事、互相推诿的情况，新增员工带来的价值越来越低。 在科研领域，也存在类似的情况，经济学家查尔斯 ·琼斯曾提出“半内生增长模型”，核心观点就是： 好想法越来越难找。 也是有些人挂在嘴边的 “点子难找效应”。 所以，为了维持一个恒定的技术增长率，人类社会不得不投入指数级增长的科研人员。 这能在很大程度上解释，为什么一百年前特斯拉一个人在实验室就能创造那么多伟大的发明，而现在研发一个新药动辄需要上百名顶尖博士、砸下数十亿美元才能听个响。 但一旦 AI 研究实现自动化，这个经典的模型就被彻底掀翻了。 今年 4 月份，美国全国经济研究所...

新时达公告，公司于2026年5月28日收到深圳证券交易所上市审核中心出具的《关于上海新时达电气股份有限公司申请向特定对象发行股票的审核中心意见告知函》。深交所上市审核中心对公司向特定对象发行股票的申请文件进行了审核，认为公司符合发行条件、上市条件和信息披露要求。

美年健康公告，5%以上股东杭州灏月企业管理有限公司（持有公司股份300,076,397股，占公司总股本7.67%）因自身资金需求，拟于减持预披露公告发布之日起15个交易日后的三个月内，通过集中竞价及/或大宗交易方式合计减持不超过1.17亿股（不超过公司总股本的3%）。其中，通过集中竞价方式减持不超过3914.25万股（不超过总股本1%），通过大宗交易方式减持不超过7828.51万股（不超过总股本2%）。

For many years, India was a key training ground for many of Bangladesh ’s senior officials, as well as a source of support and regional guidance. Now, some are being trained in Pakistan , a symbolic shift that has unsettled New Delhi and offered an early clue to how Dhaka’s new government wants to deal with its neighbours. A delegation of 12 senior Bangladeshi bureaucrats attended an executive training programme at the Civil Services Academy in Lahore from May 4 to May 21, a move analysts said reflected Prime Minister Tarique Rahman’s attempt to give Bangladesh more diplomatic room after years of close alignment with India under ousted former leader Sheikh Hasina. The outreach comes as India closely watches Bangladesh’s foreign policy direction, particularly the normalisation of ties with Pakistan and the growing domestic influence of Islamist parties such as Jamaat-e-Islami, which Delhi fears could revive security concerns along its eastern flank. Advertisement Indian observers noted that only a small number of officials had gone to Pakistan, while Delhi continued to host multiple Bangladeshi delegations across areas including e-governance, public policy and education. At the same time, Rahman’s government has moved to reset diplomatic ties with India after an extended period of strain under a previous interim government. Advertisement Bangladesh’s Foreign Minister Khalilur Rahman visited Delhi last month, the first high-level political engagement between the two countries after the new government in Dhaka took office following elections in February.

所谓轻工业机器人，其实就是那些能在食品饮料、日化美妆、3C电子产线上灵活抓取、精密装配、快速分拣的“机械手”。 其在伺服电机与减速器的联合驱动下，依托控制系统实时处理来自视觉传感器、六维力传感器等多维信号，形成一套“感知—决策—执行”的闭环，最终完成诸如视觉引导抓取、力控精密封装等复杂工序。 近年来，又随着AI大模型、多模态感知、具身智能的融合，曾经指挥“死板动作”的机械臂正进化成能感知、会决策、可行动的智能体。 面对这一变革，资本市场的反应也很直接。最近，中国轻工业机器人赛道的明星公司——浙江翼菲智能科技股份有限公司（以下简称翼菲科技）登陆港交所，公开发售超购近1.5万倍，开盘怒涨79%，一时风光无两。可戏剧性的是，短短几个交易日后，首日涨幅几乎被全部抹平。 一面是赛道热得发烫，一面是龙头个股高开低走，这场高热度与基本面的张力背后，究竟暴露了轻工业机器人赛道怎样的结构性机遇与现实困境？ 01 从“可选”到“刚需”的技术革命 如果我们将目光投向近几年的时间线来看，中国轻工业机器人市场从2020年的123亿元增长至2024年的209亿元，年复合增长率14.2%，预计2030年有望突破531亿元。 几年间，它从产线边缘的“专用设备”成长为智能制造的核心载体，角色转换之快远超预期。 而这背后的推动力之一，是劳动力供给拐点叠加柔性生产需求，正在把轻工业机器人从“锦上添花”加速推向“生存刚需”。 国家统计局数据显示，直至2025年年末，65岁及以上老年人口占比已上升至15.9%；15-64岁的劳动年龄人口规模在2010-2025年间，占比从74.5%降至67.7%，预计到2050年降至约59%，我国正从人口红利期转入人口负担期。 与此同时，制造业用工缺口还在持续扩大，新一代劳动者不愿重复枯燥的产线工作，企业招工难、留人难逐渐成为普遍现象。 《2025年中国制造业人才供需报告》中提到，全国规模以上制造企业中，高达83.7%的企业面临不同程度的技术工人短缺。平均招聘周期更是从2020年的28天，延长至2025年的67天，招聘成本飙升了156%。在用工成本攀升与招工难的双重压力下，轻工业机器人从“锦上添花”变为生存刚需似乎是大势所趋。 另外，新消费催生的小批量、多品种柔性生产模式，又对产线快速调整能力提出更高要求，传统重型自动化难以灵活响应。 数据显示，在3C电子制造领域，多品种、...

欧洲央行周四公布的货币政策会议纪要显示，受能源领域冲击影响，通胀居高不下的迹象愈发明显，上月央行 维持利率不变 的决定，在部分政策制定者看来可谓险胜。 这份纪要记录了 4 月 29 日至 30 日的会议内容。欧洲央行在文中表示：“多名委员称，此次决议表决结果十分接近；倘若本次会议将加息纳入讨论议程，他们并不会反对加息。” 欧洲央行还指出：“相较于上次会议，暂缓加息的观望价值已然下降。若采取不作为的货币政策、对通胀冲击视而不见，这种做法的合理性也越来越低。” 责任编辑：郭明煜

The five-year deal will streamline Microsoft 365 and cloud licensing across the Defense Department, intelligence community, and Coast Guard

格隆汇5月28日｜针对机构提问“公司在半导体用金刚石衬底方面的技术储备和研发现状如何？”中兵红箭在机构调研时回复称，公司开发了低缺陷金刚石材料，缺陷密度低、应力均匀且实现可控。金刚石材料根据下游应用需求，可应用于半导体衬底等领域，具备小批量生产能力。

China Asset Management (Hong Kong) launched a new gold exchange-traded fund (ETF) on Thursday, giving retail investors low-cost access to physical gold as the city pushes to link traditional financial products with digital-asset infrastructure. The ChinaAMC Digital Gold ETF, to be listed on the Hong Kong stock exchange on Friday, carries a 0.4 per cent management fee and a minimum board lot investment of about HK$355 (US$45) – lower than all existing gold ETF products in the city – as the firm seeks to lure younger investors. The fund will trade in Hong Kong dollar, US dollar and yuan counters, tracking the London Bullion Market Association’s morning gold benchmark price through holdings of physical gold stored in Hong Kong vaults Advertisement “Its value is relatively independent because the underlying asset is the physical gold itself rather than exposure to a company or issuer, which makes it more attractive to investors,” said Don Ng, director of digital assets at ChinaAMC (HK), at a media briefing on Thursday. The launch comes as gold prices fluctuate amid geopolitical tensions and macroeconomic uncertainty, with investors shifting between safe-haven demand and pressure from a stronger US dollar. Physically backed gold ETFs in Hong Kong attracted a record US$732 million in inflows in April, according to the World Gold Council. The fund will trade in Hong Kong dollar, US dollar and yuan counters, tracking the London Bullion Market Association’s morning gold benchmark price through holdings of physical gold stored in Hong Kong vaults. Photo: Jelly Tse For most retail investors, the listed ETF will function like a traditional physically backed gold ETF traded on the stock exchange. The tokenised element currently applies only to the fund’s unlisted share class, which is built entirely on the Ethereum blockchain and accessible through regulated digital channels with a minimum investment starting from US$1.

Strattec ( STRT ) has authorized a new share repurchase program allowing the company to buy back up to $40M of its common stock. Strattec terminated its previous share repurchase program, which had been in place since 1996. Before terminating the old program, the company repurchased 110,269 shares during Q4 at an average price of $67.10 per share. More on Strattec Security Strattec Security Corporation (STRT) Q3 2026 Earnings Call Transcript Strattec Security Corporation 2026 Q3 - Results - Earnings Call Presentation Strattec: Profitability Transformation Is Driving The Story Strattec expects Q4 revenue down 3%-4% y/y while targeting 18%-20% gross margin over next few years Seeking Alpha’s Quant Rating on Strattec Security

AI melt up puts SOX near dotcom records as NVDA, INTC soar Semiconductor stocks are in a vertical climb, with the Philadelphia Semiconductor Index up about 75 percent this year as hyperscalers race to build AI data centers. The move has minted fresh megacaps and revived old ones: Nvidia has vaulted past 5 trillion dollars in market value, Intel has surged more than 200 percent, and AMD has doubled. Samsung now sits in the trillion dollar club. The tape looks and trades like 1999, but the underlying driver is different: a global capital spending binge to stand up AI compute and memory at industrial scale. The question now is whether the buildout pace can outrun rising bubble talk and the hard limits of power, packaging, and policy. AI data center capex ignites semiconductor rally Alphabet, Amazon, Microsoft, Meta and a swarm of AI startups have turned a two year GPU shortage into an arms race. Budgets once earmarked for cloud expansion are now pointed squarely at training clusters and inference racks. The result is a multiyear order book that stretches from accelerators to high bandwidth memory to the networking gear that ties it together. Lead times remain long in advanced packaging and HBM, pushing visibility for suppliers well into 2027. The capex math is blunt: tens of billions per company, per year, to chase model quality and latency. That spending has repriced semis from the top down, pulling in anything with exposure to AI compute cycles and punishing anything that looks cyclical without it. SOX up 75 percent as leaders log dotcom era moves Broad indices tell the story. The SOX is clocking gains that echo the late 1990s. Single name performances would have looked implausible a year ago: Intel up roughly 230 percent year to date, AMD up about 107 percent, Nvidia above 5 trillion dollars in value, Samsung past 1 trillion dollars. Micron, Broadcom and ASML trade at or near record highs. The rally has pulled the S&P 500 and Nasdaq to new closing records even as in...

凯撒娱乐的股价在盘前交易中上涨不足2%，此前这家赌场运营商宣布将以176亿美元的价格被蒂尔曼·费尔蒂塔旗下的一家公司收购。 该交易包括约119亿美元的债务承担，已酝酿了一段时间。每股约31美元的报价较2月份首次有交易报道前该股的收盘价溢价50%。 费尔蒂塔娱乐公司已经经营着金块酒店和赌场，这笔交易将把拉斯维加斯大道上最珍贵的赌场运营商之一以及北美各地的50多家赌场纳入其麾下。 责任编辑：张俊 SF065

PM Images/DigitalVision via Getty Images Summary Investors looking for a way to diversify out of the technology sector and into a more defensible sector can consider tobacco stocks. Japan Tobacco Inc. ( JAPAY ) ("JT") is a member of the group Big Tobacco and sits in the middle between Philip Morris and British American Tobacco in terms of valuation and dividend yield. JT's earnings are expected to grow by around 10% per year over the next few years as it moves into the heated tobacco sticks segment. The absolute dividend has seen a CAGR of 6% since 2012 and is projected to increase from $1.57 per share in 2025 to $2.05 by 2029. Given the current yield of 4%, this stock is attractive for investors seeking income. Company Background—Big Tobacco Japan Tobacco Inc. is listed on the Tokyo Stock Exchange under code 2914 and is also listed in the US OTC market under code JAPAY. JT is one of the largest tobacco companies in the world and is part of Big Tobacco, which includes China Tobacco, Philip Morris, British American Tobacco, and Imperial Tobacco. JT's core products include tobacco and nicotine products such as cigarettes that include brands such as Winston, Camel, and Mevius, which are distributed globally. JT also produces reduced-risk products (RRPs) such as heated tobacco devices and sticks, which include the Ploom brand. RRPs through heat produce nicotine without burning tobacco that produces smoke. RRPs result in fewer toxins due to the lack of smoke and are considered to be relatively less unhealthy. In addition to tobacco products, JT also has a processed/frozen foods business that is only 4% of total revenue as of March 2026. Ploom device (Japan Tobacco) Most Recent Earnings—Beat Consensus JT reported a strong set of earnings for the period ending March 2026 . Overall revenue increased to JPY924bn (+15% yoy), and adjusted operating profit rose to JPY316bn (+23% yoy). Net profit increased to JPY 197bn (+27% yoy). Revenue and net income both beat consensus by 5%...