格隆汇5月21日｜花旗集团CEO弗雷泽：美国、加拿大和巴西作为净石油出口国，更能应对高企的能源价格。

JHVEPhoto/iStock Editorial via Getty Images Last October, I upgraded Target Corporation ( TGT ) from a Hold rating to a Buy rating. In that analysis, it was shown that their business was starting to stabilize and that the valuation was compelling for entry. As you can see in the rating history chart below, this was probably one of my best calls of 2025, as the stock has advanced by over 35% even after today's (May 20th) declines. Earlier this morning, Target reported their 2026 Q1 results, and the market is reacting negatively. I will be providing an update at an important time, and the goal is to see whether investors should now take profits in the Minneapolis retail giant. Seeking Alpha Below, it is shown that Q1 was an impressive quarter for the company. Growth is finally back, and their profitability is looking good as well. Target also raised their guidance after beating on the top and bottom lines as a signal of confidence. However, there are reasons to be cautious, in my view. Firstly, the environment has the potential to deteriorate from here due to the Iran war and energy prices. Secondly, the valuation has expanded greatly since my previous update, and so I view the risk/reward as no longer attractive for entry. As a result, I'm downgrading Target back to a Hold rating despite the ongoing turnaround for the company. It wouldn't be a bad idea for investors with significant gains to take some chips off the table now. Sales Growth Returns Seeking Alpha When looking at Target's top-line results, there are clear signs that their business is starting to bounce back. For Q1, the company saw net sales of $25.4 billion, up 6.7% YoY. This is a significant improvement from the previous quarter's 1.5% decline , and of course it is encouraging that growth has returned to Target's top line. They stated that this "strength was broad-based across merchandise categories, sales channels, and across the quarter." Business activity seems to be headed in the right direction de...

格隆汇5月21日｜花旗集团CEO弗雷泽：美国消费者信贷保持韧性，但亚洲经济面临更大脆弱性，油价高企和中东风险持续威胁全球增长。

On Tuesday, biotech startup Colossal announced its newest development on the road to its announced goal: reversing the extinction of species, in this case, avian species. The development itself is essentially an artificial eggshell, one that allows almost the entire developmental process to occur without the shell. The company transferred the contents of eggs to their specially designed container within a day or two of laying and were able to have normal chicks walk away from it. Beyond its potential utility for Colossal's intended efforts, the work is personally interesting to me because it may solve a problem I faced in my research days. I'm going to start by describing the research problem that Colossal may have solved, before coming back to what it hopes to use its technology to do—and why the company still has a few key hurdles left to overcome. Watching development For part of my career, I studied the development of vertebrates using chickens. While they're less closely related to us than something like mice, the basics of their development are largely the same. And, unlike mice, they develop outside of their mother's body. If you're careful, you can chip away a hole in the egg, perform manipulations on the developing embryo, and then seal it back up with some tape. The chicken embryo will keep developing, allowing you to see the impact of what you've done on normal development. Read full article Comments

格隆汇5月21日｜据Politico：美国众议院共和党领导人推迟了原定于周三进行的伊朗战争权力决议投票。

Source: Bloomberg, 24:18

格隆汇5月21日｜上海黄金交易所黄金T+D 5月20日（周三）晚盘收盘上涨1.05%报994.34元/克； 上海黄金交易所白银T+D 5月20日（周三）晚盘收盘上涨2.69%报18594.0元/千克。

Germany ’s ruling coalition decided to take a 40% stake in KNDS NV before the tankmaker’s planned initial public offering this summer, people with knowledge of the matter said. KNDS is currently half owned by France , with the other half held by a group of wealthy German families. The French government has been planning to sell shares in the IPO to cut its stake to around 40%, while the German families would also sell part of their stake to Berlin and offer the rest to IPO investors, Bloomberg News has reported. The coalition also agreed to lower its stake to 30% within two or three years and to ask the French government to follow a similar schedule regarding the size and reduction of the position, according to the people familiar, who asked not to be identified because deliberations are private. The deal is between Germany’s center-left Social Democrats, who control the finance and defense ministries, and Chancellor Friedrich Merz ’s conservatives, who control the economy ministry. The parties had been arguing over the Amsterdam-based company, which manufactures the Leopard 2 tank in use in the war in Ukraine. As part of the IPO planning, KNDS is also looking to sell part of its stake in gearbox maker Renk Group AG to reinforce its balance sheet, Bloomberg News reported earlier this week.

Taiwan is the epicenter of the AI revolution Washington Times

SA analyst upgrades/downgrades: TSLA, AMD, HR, CRWV Seeking Alpha

FabrikaCr JR Research has upgraded Tesla ( TSLA ), viewing it as a resilient physical AI powerhouse, while Albert Anthony sees significant opportunity in Healthcare Realty Trust ( HR ) driven by outpatient demand growth and favorable demographics. On the other hand, Oliver Rodzianko has downgraded CoreWeave ( CRWV ) following a massive price surge, and Juxtaposed Ideas is stepping back from Advanced Micro Devices ( AMD ) due to momentum fatigue and overbought technicals. Upgrades Tesla ( TSLA ): Upgrade to Buy by JR Research . The analyst believes the market is now pricing in Tesla’s transformation into a physical AI company, with long-term value stemming from robotaxis, FSD, and Optimus rather than just automotive sales. “ Although TSLA is still way off its all-time high at close to the $500 zone, it has actually outperformed my expectations since my previous update...Obviously, when I try to discern what has gone on since Tesla reported its first-quarter earnings in late April, I observe that the stock has actually recovered since then. It also looks to be on its way back alongside its up-trending bias. So that is really remarkable to me. ” Healthcare Realty Trust ( HR ): Upgrade to Buy by Albert Anthony . The upgrade is supported by favorable macro trends such as an aging demographic and the rising demand for outpatient care, alongside a nationwide portfolio with strong tenant retention. “I argue that despite forecasts showing muted upside for the share price and the stock not being so compelling as a dividend growth idea, I'm betting on the long-term demand for outpatient clinics, complemented by this REIT's portfolio growth, outperforming the S&P 500 this year, and market momentum shown in chart technicals.” Downgrades CoreWeave ( CRWV ): Downgrade Strong Buy to Sell by Oliver Rodzianko . Despite massive revenue growth and a substantial backlog, the analyst argues that the valuation has become stretched and high capital intensity poses sustainability risks. “ T...

格隆汇5月21日｜美联储会议纪要指出，多数官员认为，如果通胀持续高于2%，进一步收紧政策“可能变得合适”。许多与会者甚至倾向于删除会后声明中暗示未来可能降息的“宽松倾向”措辞。官员们普遍认为，中东冲突推高能源价格，是近期通胀重新抬头的重要原因。会议指出，燃料价格上涨已经带动运输、机票等其他价格上升，冲突造成的供应链扰动也推高了化肥及部分非能源商品价格。绝大多数官员认为，通胀回到2%目标所需时间可能比此前预期更长。许多人担心，如果中东冲突持续，油价和其他大宗商品价格可能长期维持高位，从而通过供应链和成本传导，令更广泛价格压力根深蒂固。

OpenAI is preparing to file for an initial public offering in the coming weeks and is targeting a public debut sometime in the fall. The exact timing remains uncertain. The ChatGPT creator, co-founded by Sam Altman, is one of the world's most valuable and powerful AI companies. Bloomberg's Ed Ludlow has all the details. (Source: Bloomberg)

Nvidia (NVDA +1.55%) has long been the "go-to" source for the top-performing artificial intelligence (AI) chips. The company's graphics processing units (GPUs) fuel unavoidable AI tasks, like the training of models or the inference process that guides them through problem-solving. All of this has pushed Nvidia to double- and triple-digit earnings growth in recent quarters -- and it's pushed the stock to a 600% gain over three years. Though Nvidia dominates this chip market, it isn't the only game in town. Many others, from dedicated chip designers like Advanced Micro Devices to major tech companies like Amazon, also compete in the space. So far, Nvidia, thanks to its first-to-market moves and commitment to innovation, has stayed ahead of rivals. But now, with a recent move, is Alphabet (GOOG 0.53%) (GOOGL 0.25%) moving in on Nvidia's territory? Let's find out. Alphabet's position in AI So, first, let's take a look at Alphabet's position right now in the world of AI. The company is the developer of well-known large language model (LLM) Gemini, and this innovation is supercharging its Google Search business and improving the advertising experience across Google. This is key because ads generate the lion's share of Alphabet's revenue. But there's a lot more to Alphabet's AI work than just one LLM. Alphabet's Google Cloud offers customers a wide range of AI products and services, including chips and systems from Nvidia as well as Alphabet's own in-house designed tensor processing units (TPUs). Yes, you heard that right -- Alphabet designs chips, so while it's an Nvidia customer, it's also a competitor. Expand NASDAQ : GOOGL Alphabet Today's Change ( -0.25 %) $ -0.97 Current Price $ 386.69 Key Data Points Market Cap $4.7T Day's Range $ 382.94 - $ 393.75 52wk Range $ 162.00 - $ 408.61 Volume 774K Avg Vol 29M Gross Margin 60.43 % Dividend Yield 0.22 % GPUs and TPUs both accelerate AI tasks, but they aren't exactly the same -- GPUs are more general-purpose, while TPUs are s...

takasuu/iStock via Getty Images General Fund Information Ticker: MBFIX Portfolio managers: Maulik Bhansali, CFA®; and Jarad Vasquez Subadvisor: Allspring Global Investments, LLC Category: Intermediate core bond Fund Strategy Focuses on bottom-up security selection in a universe of high-quality, liquid bonds Uses a bottom-up security selection process that focuses on measuring relative value on a return-to-risk basis Typically keeps duration neutral to that of the benchmark, with a predominant emphasis on issue selection Uses proprietary risk management systems as the foundation for a highly disciplined decision-making process Average Annual Total Returns (%) AS OF 3/31/2026* 3 MONTH YEAR TO DATE 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE FUND INCEPTION (6/30/97)^ Core Bond Fund-Inst 0.05 0.05 4.40 3.86 0.36 1.84 4.52 Bloomberg U.S. Aggregate Bond Index -0.05 -0.05 4.35 3.63 0.31 1.70 — Lipper Core Bond Funds Average -0.11 -0.11 4.32 3.80 0.28 1.84 — Click to enlarge *Returns for periods less than one year are not annualized. Figures quoted represent past performance, which is no guarantee of future results, and do not reflect taxes a shareholder may pay on an investment in a fund. Investment return, principal value, and yields of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available at the fund's website, allspringglobal.com . Institutional Class shares are sold without a front-end sales charge or contingent deferred sales charge. The fund's gross expense ratio is 0.48%. The fund's net expense ratio is 0.38%. The manager has contractually committed, through August 31, 2026, to waive fees and/or reimburse expenses to the extent necessary to cap the fund's total annual fund operating expenses after fee waivers at 0.38% for the I...

Key Points Alphabet is becoming a major player in the world of AI. Customers rush to Alphabet’s Google Cloud for AI products and services. 10 stocks we like better than Alphabet › Nvidia (NASDAQ: NVDA) has long been the "go-to" source for the top-performing artificial intelligence (AI) chips. The company's graphics processing units (GPUs) fuel unavoidable AI tasks, like the training of models or the inference process that guides them through problem-solving. All of this has pushed Nvidia to double- and triple-digit earnings growth in recent quarters -- and it's pushed the stock to a 600% gain over three years. Though Nvidia dominates this chip market, it isn't the only game in town. Many others, from dedicated chip designers like Advanced Micro Devices to major tech companies like Amazon, also compete in the space. So far, Nvidia, thanks to its first-to-market moves and commitment to innovation, has stayed ahead of rivals. 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 now, with a recent move, is Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) moving in on Nvidia's territory? Let's find out. Alphabet's position in AI So, first, let's take a look at Alphabet's position right now in the world of AI. The company is the developer of well-known large language model (LLM) Gemini, and this innovation is supercharging its Google Search business and improving the advertising experience across Google. This is key because ads generate the lion's share of Alphabet's revenue. But there's a lot more to Alphabet's AI work than just one LLM. Alphabet's Google Cloud offers customers a wide range of AI products and services, including chips and systems from Nvidia as well as Alphabet's own in-house designed tensor processing units (TPUs). Yes, you heard that right -- Alphabet designs chips, so while it's an Nvidia cus...

格隆汇5月21日｜美国参议员肯尼迪：参议院未获得通过特朗普舞厅资金提案的足够支持。

Amazon (AMZN) Stock Rallies after Securing Legal Victory TipRanks

特朗普稱會就對台軍售案跟賴清德對話 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】美國總統特朗普早前稱很快就對台軍售案決定後，稱會跟賴清德對話。 美國總統特朗普：「（記者：你打算在決定對台軍售前跟賴清德通電話嗎？）我會跟他對話，我與所有人對話。我們掌握形勢非常好，我們與國家主席習近平有良好會談，這是很棒的。你們很多人當時都在那裏，我們會處理台灣問題。」

ALAB Stock Rips As RBC Hikes Target On Amazon AI Deal timothysykes.com

宏福苑｜宏仁、宏新、宏泰閣再上樓 居民：望帶走小孩用品 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】宏仁、宏新及宏泰閣今日再度開放讓居民上樓。 早上居民冒雨陸續到社區會堂辦理上樓手續，不少人是第二次返回單位執拾，出動大水桶、手推車以及大背包等。宏仁、宏新及宏泰閣今日起至23日開放，有居民第二度上樓，希望可以帶走小孩的用品。 劉小姐：「除了大人，小朋友在這件事情上影響也很大，因為他們無法回家，拍照給他們都會出現情緒。希望當局可以做得好看些，因為小朋友看着這件事，他們不會懂得分析太多，只知道一日回不到家，我的家沒有燒到，為何回不到去？這些我也回答不到小朋友，我的家就永遠都是我的家，無法替代。」

Tesla’s Full Self-Driving (Supervised) driver assistance software is now available in Lithuania, the second European country to approve its use, as the company pushes to position itself as an AI and robotics powerhouse and not just an automaker. Making FSD available in Europe — which kicked off last month when the Dutch regulator RDW approved its use — is critical to Tesla’s and CEO Elon Musk’s ambitions. It’s also financially important for Musk, whose $1 trillion pay package is tied to hitting a number of product goals, including hitting “10 million active FSD subscriptions” by 2035. Tesla has a long way to go before it hits that 10 million subscription figure. The company said during its first-quarter earnings call in April that it has nearly 1.3 million paying FSD customers globally. Tesla’s FSD (Supervised) first launched in beta in late 2020. The advanced driver assistance system, which still requires active driver supervision, has had regular updates since then to remove bugs, and improve reliability and performance. Today, the system can handle driving maneuvers, such as steering, lane changes, and parking. Tesla used to allow owners to pay a one-time fee for the software; in January, Musk announced the only way to access the feature would be through a monthly subscription that is currently $99. The rollout of FSD in Europe hasn’t been fast or furious — regulatory scrutiny has traditionally slowed deployment compared with the United States. Today, FSD is only available in the Netherlands, and now Lithuania. The rollout could accelerate if Dutch regulator RDW, which oversaw the first European approval, is successful in its bid for EU-wide acceptance. Meanwhile, European countries can recognize Dutch certification and allow for FSD. And a number of them appear to be in the queue. FSD Supervised now rolling out to Teslas in Lithuania 🇱🇹! Making European roads safer, one by one pic.twitter.com/Uuj0bNG7pP — Tesla Europe, Middle East & Africa (@teslaeurope) May 20,...

Tesla’s Full Self-Driving software is creeping into Europe TechCrunch

神舟二十三號近日擇機發射 發射場進行全系統合練 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】港澳航天員有望最早於今年執行太空站飛行任務，神舟二十三號載人飛船將於近日擇機發射，當局展開全系統合練。 發射場區周三組織各單位展開全系統合練，火箭、飛船等分系統進行功能檢查，由飛行準備、點火起飛、到船箭分離，實施全過程模擬演練。航天員乘組也開展了醫學檢查等準備工作，並演練出征儀式、艙內狀態設置、進艙等流程，當局說所有流程和操作一次到位、精準無誤。

Six years after hackers allegedly backed by Russia’s intelligence services broke into nine US agencies, the federal government still hasn’t revealed exactly what they did in the networks where they lurked for months. Now, a Freedom of Information Act lawsuit that Bloomberg News brought against the government is offering some answers to what happened in the 2020 SolarWinds breaches. Records newly revealed in the suit offer the clearest picture yet of how deep the alleged Russian hackers were able to penetrate into some of the US financial system’s most sensitive networks. They highlight the profound consequences of attacks against the software supply chain, a type of intrusion that is becoming increasingly common as tech companies move to delivering software applications over the internet. At the Treasury Department, the hackers took nearly total control of the agency email systems and had their pick of employee accounts to spy on for much of 2020, according to the documents. The US said the hack was perpetrated by Russia’s Foreign Intelligence Service, but the Russian Embassy in Washington denied this at the time. The litigation, initiated by our colleague Jason Leopold, pried loose records from the Treasury’s Office of Inspector General’s investigation of the breach. It involved attackers poisoning updates to a popular IT management software, made by SolarWinds Corp., to create backdoors into sensitive networks. At Treasury, the hackers hijacked the global administrator account for the agency’s SolarWinds systems on July 6, 2020, the documents show. They used it to get an extraordinary capability. With the account, the hackers made changes to an application called Secure Mail, which “potentially allowed access to all e-mail addresses ending in ‘treasury.gov’,” OIG special agents wrote in a 2021 memo. At the time of the hack, government data show Treasury employed about 94,000 people. The hackers maintained access to Secure Mail until Oct. 12, 2020, when a system ch...

Elon Musk's Raid: Why Tesla Lieutenants Are Shuffling To xAI Benzinga

BUKIMA, VIRUNGA NATIONAL PARK, DRC - AUGUST 6: The Bageni family in the gorilla sector of Virunga National Park, on August 6, 2013 in Bukima, DR Congo. The gorilla sector is currently occupied by the M23 rebel movement of the Congolese army. Despite this and a previous occupation by a previous rebel group, the gorillas continue to survive, largely due the efforts of the ICCN, the Congolese Conservation Authority. The previous Bukima camps were destroyed, first by the CNDP rebel movement in 2008 and 2009; now most recently by their followers, the M23 rebels. Despite these setbacks and the ongoing danger, the ICCN Congolese conservation rangers continue to protect the mountain gorillas of the region and to plan for tourism which will follow if peace is achieved. UK company Soco International PLC is planning to explore for oil in DRC's Virunga National Park, a protected World Heritage Site and most biodiverse park in Africa. (Photo by Brent Stirton/Getty Images for WWF-Canon) Photographer: Brent Stirton/Getty Images Europe

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WTI 6月原油期货收跌5.89美元，跌幅5.66%，报98.26美元/桶。 中东Abu Dhabi Murban原油期货跌4.52%，报102.50美元/桶。 NYMEX 6月天然气期货收报3.0040美元/百万英热单位。 NYMEX 6月汽油期货收报3.4874美元/加仑，NYMEX 6月取暖油期货收报3.9471美元/加仑。 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。