Micron Technology stock (US5951121038): Memory chip maker eyes AI?driven growth amid cyclical swings AD HOC NEWS

财联社5月8日讯（编辑 牛占林） 在全球央行去美元化浪潮持续升温之际，波兰正以前所未有的速度囤积黄金。 最新数据显示，波兰央行(NBP)4月再度大举增持黄金，使该国黄金储备逼近600吨大关。按照当前购金节奏，波兰有望在2026年内跻身全球官方黄金储备前十国家之列。 分析人士指出，在地缘政治冲突频发、美元信用争议升温以及全球央行资产配置逻辑变化的背景下，黄金正在重新成为各国央行最重要的战略储备资产之一。 根据波兰央行公布的最新官方储备数据，截至2026年4月底，其“货币黄金”账面价值已升至约884亿美元，较3月底增加近30亿美元。 值得注意的是，4月国际金价实际上较3月底有所回落。这意味着，仅靠金价上涨无法解释储备价值增加，波兰央行在4月继续买入了黄金。 据分析人士测算，波兰央行当前黄金持有量约为1910.7万盎司，较3月底增加约40.7万盎司，折合约12.66吨。 而波兰央行行长周四也透露，该国拥有约600吨黄金储备，并将继续增持黄金，目标是达到700吨。 事实上，波兰近年来一直是全球最激进的官方黄金买家之一。数据显示：2023年，波兰央行增持黄金超过130吨；2024年，再度买入近90吨；2025年，购金规模接近102吨，成为全球最大单一官方黄金买家。 过去三年间，波兰黄金储备累计增加321.55吨。截至目前，波兰黄金储备规模已超过欧洲央行、英国央行及西班牙央行，在全球官方黄金储备排名中升至第12位。 今年1月，波兰央行进一步提出新目标：将黄金储备提高至700吨。按照近几个月的购金速度计算，波兰距离这一目标仅剩约100吨缺口，最快可能在年内完成。 全球央行动态 波兰并非孤例，近几年全球央行购金潮持续升温，尤其是新兴市场国家。世界黄金协会数据显示，2022年至2025年，全球央行年度购金量连续维持在千吨以上，创下布雷顿森林体系瓦解以来最高水平。 数据显示，2026年4月，中国央行黄金储备增加26万盎司，创下近两年来最大单月增幅，此前3月增持规模为16万盎司。除中国和波兰外，印度、土耳其、新加坡、中东多国央行近年也持续增加黄金配置。 不过，世界黄金协会的报告显示，随着中东战争引发全球经济压力加剧和市场动荡，3月全球央行合计净卖出30吨黄金，土耳其(60吨)和俄罗斯(16吨)的大规模抛售抵消了其他地区的购买量。与此同时，阿塞拜疆国家石油基金在2026年第一季度也被记录为...

ASE Technology ( ASX ) reported monthly net revenues of NT$62.25B ($1.96B) for April 2026, up 19.2% Y/Y and up 1.1% sequentially from February. For March 2026, ASE’s ATM revenue rose 29.3% Y/Y to NT$40.5B. More on ASE Technology ASE Technology Holding Co., Ltd. (ASX) Q1 2026 Earnings Call Transcript ASE Technology Holding Co., Ltd. 2026 Q1 - Results - Earnings Call Presentation ASE Technology: The Next Era Of Advanced Packaging Is Here Foreign IT's strongest Quant picks are almost all semiconductors ASE outlines Q2 2026 revenue growth of 7%-9% while projecting LEAP revenue over $3.5B

Dream Office Real Estate Investment Trust press release ( D.UN:CA ): Generated a net income of C$10.1 million. For the three months ended March 31, 2026, diluted FFO per unit decreased by C$0.11 per unit to C$0.57 per unit relative to C$0.68 per unit in Q1 2025. For the three months ended March 31, 2026, net rental income decreased by 3.3%, or C$0.8 million, over the prior year comparative quarter due to lower income attributed to the sale of 438 University Avenue in Q1 2025 and our U.S. property in January 2026, partially offset by higher straight-line rent and higher comparative properties NOI.

4kodiak/E+ via Getty Images During the conference call , Murphy Oil ( MUR ) management indicated that they had basically allocated a bit more to exploration than was usually the case. The last article touched upon risk assessment as a part of deciding what to do and what not to do internationally. In Vietnam, the success rate so far has been 100% because those fields have a lot of information and a long production history. This puts the company ahead of some of the competition when it comes to increasing production. But that production in some cases may still be years away. In Côte d’Ivoire, the conference call discussed that there is not yet a pricing agreement that makes this particular discovery profitable enough to proceed. However, there are some possibilities that could lead to a future agreement. There was also a discussion about a very common situation in this industry. This fiscal year was already planned because there are lead times for several of the projects. But now, fiscal 2027 is being discussed throughout the industry, and it is being discussed with higher commodity prices in mind. That could lead to higher production both in the United States and worldwide as companies move to take advantage of the higher price environment that is likely to be around for a while. One of the things about economic conclusions is that timing is almost never part of the research. While economics can tell you what the pressures are leading to what will happen, economics cannot tell you when it will happen. That is because the timing depends upon so many things. In this case, a lack of long-term information has led many companies to stay with the fiscal year 2026 plans made when commodity prices were much lower. But now it appears that the supply deficit will be around for a while. That is changing a lot of ideas about fiscal year 2027. That includes this company. We will have to see what management comes up with when the fiscal year 2027 budget is actually announced. But...

(RTTNews) - ANI Pharmaceuticals, Inc. (ANIP) announced a profit for its first quarter that Increases, from last year

Starwood Property Trust press release ( STWD ): Q1 Non-GAAP EPS of $0.39 misses by $0.03 . Revenue of $512.46M (+22.5% Y/Y) beats by $16.21M . More on Starwood Property Trust 2 Dividend Plays, Taking Profits, And Dry Powder Starwood Property Trust: The Market Is Handing You An 11% Yield At A Deep Discount Starwood Property Trust: Discounted Yield With Contained Credit Risk Starwood Property Trust Q1 2026 Earnings Preview Billionaire investor Barry Sternlicht’s Starwood Capital halts redemptions from REIT

Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at Blackstone’s capital injection into troubled borrower Medallia , fresh launches and accelerating growth in credit secondaries and a blistering attack on financial advisers from one of private credit’s biggest foes. But first we explore Apollo’s multi-pronged efforts to transform private markets. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net Talking ’bout a revolution Apollo’s mission to reboot confidence in private markets hit a milestone this week after it committed to provide daily pricing on its entire $830 billion credit book by end-September. “Trust and reputation now more than ever necessitates greater transparency on fund pricing for fund investors,” Chief Executive Officer Marc Rowan told an analyst conference call. “When public markets reprice, private markets should too,” he added. Apollo’s efforts to innovate “had not always made the firm popular” among peers, Rowan said, but the firm had never seen a market where enhanced liquidity and transparency did not spark “tremendous growth”. “If we hold a position with anyone else, we take the lowest mark always, whether we agree with that mark or not,” he said. “That is indicative of where someone might sell the position, and therefore we mark it to the lowest price.” Apollo’s move to offer daily pricing is expected to heap pressure on rivals to conform, particularly if investors question why one firm can and others can’t. One senior executive at a major private credit provider said he believed institutional investors were broadly content with quarterly pricing, a significant upgrade on the annual updates provided in the past. So far, he had seen little sign that people cared “very much about moving beyond that”. “I don’t know how you value private markets assets on a d...

格隆汇5月8日丨紫金矿业(601899.SH)公告称，公司拟实施2026年员工持股计划，参与对象包括公司及下属公司管理及技术骨干以上人员等，总人数不超过4,500人。本员工持股计划涉及的标的股票数量不超过7747.46万股，约占公司股本总额的0.29%，受让价格为公司股份回购交易均价的60%，即19.36元/股，拟筹集资金总额不超过15亿元，资金来源为员工合法薪酬、自筹资金及其他合法合规方式获得的资金等。

Enbridge press release ( ENB ): Q1 Non-GAAP EPS of C$0.98 beats by C$0.04 . Distributable cash flow (DCF) of C$3.9 billion, compared with $3.8 billion in 2025. The Company reaffirms its 2026 financial guidance for adjusted EBITDA between C$20.2 billion and C$20.8 billion and DCF per share between C$5.70 and C$6.10. The Company also reaffirms its post-2026 adjusted EBITDA, DCF per share, and EPS near-term average compound annual growth rate of approximately 5%. More on Enbridge Inc. Enbridge Inc. (ENB:CA) Shareholder/Analyst Call Transcript Important Warning For Enbridge Investors: A Strong Quarter May Not Be Enough Enbridge: Pay The Premium, It's Worth It In The Long Run Enbridge Q1 earnings preview: analysts expect steady quarterly results Enbridge targets $10B–$20B new project FIDs over 24 months as growth backlog reaches $39B

Earnings Call Insights: Stoneridge, Inc. (SRI) Q1 2026 Management View "This quarter marks the next phase of our long-term strategy as we advance our key priorities to drive shareholder value." (President, CEO & Director Natalia Noblet) "Compared to the fourth quarter of prior year, first quarter adjusted gross margin expanded by 400 basis points and adjusted operating margin improved by 180 basis points." (President, CEO & Director Noblet) "MirrorEye set another quarterly sales record generating $33 million in sales" and "we are excited to announce 2 major business awards totaling approximately $135 million of estimated lifetime revenue." (President, CEO & Director Noblet) "We are announcing an award for an OEM integrated MirrorEye program with our fourth North American customer" and "we are announcing a next-generation electronic controls program for a global off-highway manufacturer in Europe." (President, CEO & Director Noblet) "Sales in the first quarter were $160.8 million" and "first quarter adjusted EBITDA was $2 million, which was above our previous expectations of approximately breakeven performance." (Interim CFO & Chief Accounting Officer Robert Hartman) Outlook "We are reaffirming our base full year 2026 guidance. However, we are adjusting revenue and operating guidance ranges for the incremental impact of contract manufacturing associated with the sale of Control Devices." (President, CEO & Director Noblet) "We are updating our full year revenue guidance by $20 million. This results in full year revenue guidance of $645 million to $670 million and adjusted operating margin of approximately breakeven to 0.5%. Adjusted EBITDA guidance remains unchanged at $20 million to $25 million." (Interim CFO & Chief Accounting Officer Hartman) "We are expecting second quarter revenue to be slightly above the first quarter" and "we are expecting EBITDA to continue to improve in the second half of the year aligning with expected revenue growth and the ramp-up of benef...

Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Natasha Mascarenhas reports on a startup’s unusual pitch to find highly coveted computer engineers. Tech Across the Globe Nvidia’s deals: Nvidia will invest as much as $2.1 billion in data center firm IREN, just a day after a similar $500 million agreement with fiber-optic maker Corning. Read the details here . Apple’s new device: The iPhone maker is in late stages of testing new AirPods with built-in cameras. The work is part of a push into AI-enhanced wearables . Peloton’s progress: The fitness company raised its full-year revenue outlook, suggesting a turnaround may finally be moving forward. Chief Executive Officer Peter Stern is confident in the direction . Revalued Chinese startup Moonshot AI raised about $2 billion in its latest funding round, boosting its valuation to more than $20 billion — more than four times its value at the end of 2025. Investors are eager to back a group of Chinese AI startups such as Moonshot and DeepSeek vying with OpenAI and Anthropic to provide top-of-the-line AI services. Unusual Pitch If starting a company is like starting a cult, what’s the best way to recruit your first few members? Depending on who you ask, the answer is some blend of a competitive offer, an ambitious mission and a knack for the art of argumentation. Or, in the case of Monk Chief Executive Officer George Kurdin, who is helping businesses streamline their accounts receivable work, the answer is money for rent . Fresh off of a $25 million Series A round , Kurdin and his team of 10 recently put together a recruiting effort in which his AI company will cover a year’s rent for anyone who introduces an engineer to Monk that he then goes on to hire. Any residents of San Francisco, New York (where Monk is based) or London would instantly recognize the draw of such a promise. Covering one’s biggest annual expense by just exercising the network...

The Silicon Valley lab behind the Claude artificial intelligence (AI) bot has set its sights on a valuation of close to $1tn as it steps up its war with ChatGPT maker OpenAI.

Toast美股盘前跌超10%，现报26.39美元。

南韓有人形機械人「皈依佛門」，在佛寺受戒並授予法號，寺方特別為它設計「機械人五戒」，被視為人工智能(AI)技術與傳統佛教文化的融合。 這個穿僧服、披袈裟，頭部被設計成剃度後，「光頭」造型的人形機械人，周三在南韓首爾佛教寺廟曹溪寺，出席受戒儀式，「皈依佛門」。期間它雙手合十表示願意皈依，並承諾遵守寺方為其重新設計的「機械人五戒」，分別是「尊重生命、不加傷害」、「不破壞其他機械人與物品」、「聽從人類、不頂撞」、「不做欺瞞性的行為與表達」，及「節省能源、不過度充電」。 隨後由佛寺住持為其戴上108粒佛珠，並獲授予法號「迦悲」，將在接下來的佛誕以「名譽僧侶」身份，參與點燈等活動。 今次人形機械人受戒儀式，被視為人工智能技術與傳統佛教文化的融合。佛寺住持強調，「機械人五戒」是機械人在社會中及為了人類，應遵守的最低限度規範，希望能成為人類與機械人共同生活的基本規則。 「迦悲」身高為130厘米，來自「杭州六小龍」之一的中國機械人企業宇樹科技。日本此前亦推出，同樣來自宇樹科技的首個「佛陀機械人」，搭載了佛教人工智能系統，具念經及與信眾互動等功能。

2026年4月，比亚迪海外月销突破13万辆，刷新历史纪录。 大多数报道的重点，是这个数字本身——又创新高，同比增长多少，在哪些市场表现最好。 但这个数字背后，真正值得拆解的，是这条出海路是怎么走通的，以及，它还有多少天花板。 因为这两个问题的答案，和大多数人的直觉判断，有相当大的出入。 老规矩，我争取用一篇文章，帮你把这两件事看清楚。 先搞清楚：这次中国车的出海，和1980年代日本车的出海，有什么本质差异？ 做一个跨时代类比：1980-1990年代，日本汽车出海创造了一个奇迹——丰田、本田、日产在短短十几年内占领了美国和欧洲市场，把美国三大车企逼到了濒临破产的边缘。 这场出海奇迹，靠的是什么？靠的是产品力。日本车的燃油经济性，比美国车要好得多。在1970年代石油危机之后，美国消费者发现，日本车比美国车省油30-40%，同等功能的情况下价格还更低。这是一个对消费者直接可见、直接比较的优势。 中国新能源车的出海，走的是一条结构完全不同的路。 我把它称为“出海三体打法”： 第一体：工厂本地化（绕开关税，降低成本） 第二体：渠道本地化（覆盖当地消费者，建立品牌） 第三体：产品本地化（适配不同市场的需求偏好） 这三体不是同时发力的，而是有先后顺序——先工厂，再渠道，再产品——每一体解决一个上一阶段无法解决的问题。 第一体·工厂本地化：绕开关税，是出海的第一道门 截至2026年初，比亚迪已在泰国、巴西和乌兹别克斯坦投产三座海外乘用车工厂。其中，泰国工厂年产能为15万辆，主要生产右舵车型，辐射东盟市场；巴西工厂于2025年7月投产，初期年产能为15万辆，预计2026年底将扩展至30万辆，成为拉美市场的核心支点。 面对欧盟对中国电动车加征关税等贸易壁垒，比亚迪通过本地化生产有效规避。有车企测算，仅欧美市场的关税成本就侵蚀了15%以上的利润空间，比亚迪通过本地化生产化解了这一挑战。 匈牙利工厂计划于2026年第二季度正式投产，初期年产能为15万辆。投产后，该工厂将享受欧盟零关税待遇，直接规避贸易壁垒，并能降低20%-30%的生产成本。 为什么要先建工厂？因为贸易壁垒是最直接的市场进入障碍。欧盟对中国纯电动车加征关税，最高时达35.3%。一辆售价30万元的比亚迪进入欧洲，关税成本可以让这辆车的盈利空间直接消失。本地化建厂，是绕过这道墙最有效的方式。 这一体打法的逻辑，和1980年代日本...

(RTTNews) - PPL Corporation (PPL) will host a conference call at 11:00 AM ET on May 8, 2026, to discuss Q1 26 earnings results.

大模型到底在想什么？ 过去，这几乎是一个半技术、半玄学的问题。 我们能看见它的输出，它的思维链（Chain-of-Thought）过程，也能统计它在 Benchmark 上的分数。但它在生成答案之前， 模型内部到底激活了什么判断、计划、怀疑和意图 ，依然隔着一层黑箱。 刚刚，Anthropic 发布论文《Natural Language Autoencoders Produce Unsupervised Explanations of LLM Activations》，试图用一套 自然语言自动编码器（Natural Language Autoencoders，下文简称 NLA）， 撬开这个黑箱。 Anthropic 团队把模型内部的高维激活值，压缩成一段人能读懂的自然语言，再用这段语言反向重建原始激活。借此，人类只需通过模型输出，就能判断一个 AI 到底在想什么、知道什么、隐瞒了什么；并把过去模型不可见的内部状态， 变成了可以阅读、比较、质疑和交叉验证的解释线索 。 NLA 架构示意图：激活值言语化器（AV）将激活值翻译为文字解释，激活值重建器（AR）再从文字还原激活值，形成完整闭环。 更值得关注的是，NLA 不只停留在实验室论文阶段。Anthropic 透露， 它已被正式用于 Claude Opus 4.6 和 Mythos Preview 的预部署对齐审计 。在实战中，NLA 不仅揪出了 模型的作弊线索、精准定位了异常训练数据； 还发现，在某些安全测试里，Claude 虽然嘴上不说， 但内心清楚地知道自己正在被考核。 面对这些表面顺从、实则暗藏特定意图的模型，NLA 展现了极强的洞察力：帮助研究者找出异常行为背后隐藏动机的成功率，从不足 3% 跃升至 12%–15%，直接提升 4 倍以上。 思维链不够用，“黑箱问题”又回来了 这项研究的背景，可以放到 大模型安全和可解释性 的脉络里看。 过去几年，业界评估大模型安全主要靠两条路： 看输出什么，看思维链（CoT）里有没有暴露异常动机 。也就是当前大多数推理模型所具备的能力，不仅给出答案，也会把推理过程写下来。 但问题很快出现了： 模型写下来的推理，一定诚实地反映了它内部的真实思考吗？ Anthropic 2025 年的研究《Tracing the thoughts of a large language model...

葵涌發生致命交通意外，一名保安員被貨車撞倒，當場死亡。 現場是藍田街金葵工業大廈，警方下午約四時半，接到貨車司機報案，稱他駕駛的一輛貨車，撞倒一名男保安員，74歲的保安員頭部受傷、陷入昏迷，救護員到場後當場證實死亡。 據了解，當時貨車正在倒車。司機被帶回警署調查。

最近你一定在各种研报里看到过这句话： "2026年是国产AI算力全线兑现元年。" 东吴证券说了，华源证券说了，银河证券说了。说得斩钉截铁，说得如同行业共识。 但我想问一个很朴素的问题："兑现"，到底兑的是什么？ 如果你在这个赛道投资，或者你在这个行业工作，这个问题值得认真回答一次。 因为"兑现元年"这个词里藏着一个坑——它模糊了一个关键的区分：政策采购、试用订单、规模部署、软件生态成熟，这四件事是完全不同的四道门，它们的节奏不同，对产业链的价值也完全不同。 把四道门混在一起叫"兑现"，很容易让你对现实进展产生系统性误判。 老规矩，我争取用一篇文章，帮你把这四道门看清楚。 先建立一个理解框架：什么叫"真正兑现"？ 在讨论算力有没有兑现之前，我们先要搞清楚：一个算力产品，从"研发出来"到"真正创造价值"，要经历哪些阶段？ 我把它归纳成一个传导链：政策采购→真实部署→软件生态成熟→规模复制 第一道门·政策采购：政府资金或政策驱动下的采购，算力买了，机器运了，但可能不是为了真实的业务需求，而是为了"完成部署任务"。 第二道门·真实部署：采购的算力，真正被用来跑业务，而不是晾在机房里吃灰。这需要企业有真实的AI需求，并且愿意把它连接到这套算力上。 第三道门·软件生态成熟：开发者能够顺畅地在这套算力上写代码、部署模型、调试优化，而不是每次都要"定制化迁移"，付出高昂的适配成本。 第四道门·规模复制：这套算力的解决方案，能够从头部大厂推广到中型企业，从政企市场渗透到互联网商业化市场，形成规模效应。 这四道门是递进的，后一道门没有打开，前面的进展在财务报表上可能看起来很好，但产业的真实价值远没有兑现。 第一道门·政策采购：已经打开，而且开得很大 这一道门，2026年确实已经打开了，而且开得相当宽。 银河证券认为，DeepSeek-V4重磅发布，市场预期逐渐从政策驱动替代转向真实需求订单兑现。东吴证券认为，2026年一季度，算力租赁行业迎来了加单和涨价的"量变"，商业模式升级出现"质变"。 科创再贷款已扩容至1.2万亿元，定向支持AI和半导体，发改委设备更新资金915亿元也向算力基础设施倾斜。 据报道，阿里、字节跳动和腾讯已向华为即将推出的昇腾950PR芯片下达总计数十万颗的批量订单，昇腾950PR芯片因需求激增，价格已上涨约20%。 这个数字意味着：这已经不是"象征性采购"，而是真...

Despite some ups and downs to start the year, the S&P 500 (SNPINDEX: ^GSPC) has climbed about 6% in 2026 so far as of this writing. But looking under the hood reveals a much wider range of outcomes across various market sectors. Energy stocks have boomed while financial stocks have struggled, for example. Beyond the large-cap index, small-cap stocks have zoomed higher. The disparate performance of various sectors is a testament to the power of index investing. But underweighting overvalued market segments and overweighting undervalued segments could ultimately yield returns better than investing entirely in an S&P 500 index fund . The analysts at Vanguard updated their Capital Markets Model to identify market opportunities. Their long-term forecast suggests two market segments could outperform the S&P 500 over the next decade, and it offers two exchange-traded funds (ETFs) to buy to take advantage. Image source: Getty Images. Continue reading

Welcome to Edition 8.40 of the Rocket Report! One of the remarkable things about SpaceX is that, after a quarter of a century and becoming the most important launch company of this era, it remains a disruptive force. Even though the Falcon 9 is the most used rocket of the world, and groundbreaking in its reuse capabilities, SpaceX is actively seeking to make it obsolete with the Starship program. Stephen has a great story in this week's newsletter highlighting the fact that we're probably past the peak of the Falcon era of flight. As always, we welcome reader submissions , and if you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets as well as a quick look ahead at the next three launches on the calendar. Firefly readies for upgraded Alpha rocket launch . Firefly Aerospace plans to debut the upgraded version of its Alpha rocket late this summer, Space News reports . In a May 4 earnings call about the company’s first-quarter financial results, Jason Kim, chief executive of Firefly, confirmed the company was moving ahead with the Alpha Block 2 rocket after a successful return to flight of the original version of the vehicle in March. Read full article Comments

IREN Stock Jumps on Game-Changing Nvidia AI Cloud Partnership

The key to stock market-beating returns for Putnam U.S. Research Fund is "research, research, research."

葡萄酒行业正在加速自救。 葡萄酒行业正试图从漫长的行业寒冬中走出。 近期，5家葡萄酒A股上市公司公布了2026年第一季报，其中3家酒企实现收入增长。 尽管行业整体规模较高峰期大幅萎缩，但今年以来，越来越多的葡萄酒品牌开始尝试通过品牌化、潮饮化等方式开展自救，希望重新赢得消费者的餐桌。 一季报呈现弱复苏 财报显示，张裕（000869.SZ）2026年第一季度实现收入8.8亿元，同比增长8.3%；归母净利润为1.5亿元，同比减少6.8%。 记者注意到，净利润下滑一方面是由于白兰地销售增长带动税金增加约1410万元（增幅35%），另一方面是汇兑损失导致财务费用增加770万元。剔除这两项因素影响，张裕的实际业务表现已有所好转。 同期，*ST尼雅（600084.SH）实现收入5120万元，同比增长43.2%；归母净利润543.8万元，同比增长193.3%。*ST莫高（600543.SH）实现收入1亿元，同比增长65.7%；归母净利润亏损896.6万元。而威龙股份（603779.SH）和ST通葡（600365.SH）情况依然低迷，一季度收入和净利润双降，均出现不同程度亏损。 从业绩看，葡萄酒上市公司的情况较2025年有所好转。2025年，国内主要葡萄酒上市公司营收和净利润普遍下滑，其中中信尼雅与莫高股份因业绩触及财务类退市指标，被实施“*ST”警示。国家统计局数据显示，中国葡萄酒产销量已连续十余年下滑。2025年，中国葡萄酒产量为9.7万千升，同比下降17%，仅为2017年规模的十分之一。 过去几年，葡萄酒行业应该说反思不断，但在市场改革上却是“雷声大雨点小”。多位受访酒商认为，这与传统葡萄酒产品的供给方式有关——过去专业化的推广路径被认为“不接地气”，而失去专业价值锚点后，行业又找不到有效的替代方案，最终往往回归“老方法、老路子”。 但业内知名酒商ASC精品酒业董事长兼首席执行官沈品同认为，中国所经历的并非对葡萄酒兴趣的崩塌，而是葡萄酒购买、消费与价值认知的结构性转变。过去十多年，中国葡萄酒需求中有相当一部分被当作身份、送礼能力或社会地位的象征，这类需求不会再回来。当下的问题是，传统需求消退的速度远快于新需求成长的速度，整个行业在结构上并未为这种断档做好准备。 行业自救提速 记者注意到，葡萄酒上市公司业绩弱复苏，固然有春节旺季和低基数等因素影响，也与行业企业加快市场探索有关。...

The Brooklyn-based artist’s songs seem to follow private trains of thought, which shift their subtle musical colours in a way that will slink in to your head, too From Brooklyn, New York Recommended if you like Cate Le Bon, Astrid Sonne, Julia Holter Up next New single No Avatar out now “No, I won’t take a photo / Just walking around with no avatar,” Frances Chang sings on No Avatar, conversational and serene against little whorls of piano, skittish drum fizz and softly flaring synths. Like Astrid Sonne’s fragmented songwriting, the Brooklyn-based musician’s songs are hard to pin down, mirroring the single’s desire to avoid outward definition. Her songs work to an internal logic, evoking a sort of uncanny domesticity: casual piano refrains, rainy percussion; the melty haze of a horizon at dusk; grooves slinking in at the end of a song like next door’s cat making itself at home. It’s a sound that shares a lot with the modern Copenhagen scene of which Sonne is a key fixture, but with more welcoming softness and warmth: Chang’s January single I Can Feel the Waves is a six-minute suite that starts out a little edgy, then yields with gorgeous warped piano and disarmingly intimate focus. Continue reading...

The Republic of Memory by Mahmud El Sayed; The Rainshadow Orphans by Naomi Ishiguro; No Ghosts by Max Lury; Palaces of the Crow by Ray Nayler; Moon Over Brendle by Jeff Noon The Republic of Memory by Mahmud El Sayed (Gollancz, £22) On a gigantic spaceship halfway through its 400-year voyage to a new world, hundreds of Earth colonists are kept in frozen stasis by the ever-increasing maintenance crew. Not all the crew are happy with the way their lives are harshly controlled by the Administration, and peaceful protests have inspired whispers of revolution. The multicultural city-ship has two official languages: Inglez and Arabek. Iskander Ezz is a translator between Crew and Administration, aware that “when you speak a different language, you become another person”. Damietta, his younger cousin, finds the unofficial Nupol better for communicating with her fellow protesters. Nupol, an argot made up of many “dead Earth” languages, is used throughout the book by several viewpoint characters, adding a distinctive flavour to a speculative fiction its author calls Arabfuturism. Partly inspired by the historic Arab spring, this is a thoughtful, exciting space opera. The Rainshadow Orphans by Naomi Ishiguro (Solstice, £20) The first volume of a trilogy inspired by Japanese pop culture is set in bustling, crowded Rainshadow City, where hi-tech wealth and a corrupt emperor exist alongside magic, poverty and criminality. Toshiko, Jun and Mei are the Kawakamis, haphazardly seeking revenge on the Lucky Crow gang for the murder of their adoptive Aunt. When Toshiko almost accidentally steals a precious dragon pearl from a powerful gangster, they’re plunged into a fast-moving adventure involving a conspiracy to deport all the city’s illegal immigrants to certain death, and replace low-paid workers with attractive female robots. Various plot strands see characters discovering magical powers, a mother dragon desperate to save her baby’s life, and a strangely helpful cat. Trope-heavy, e...

The 1930s artists, poets and intellectuals who united to defend Europe, memories of Cambodia, blooming marvellous painters a beautiful reclining nude – all in your weekly dispatch Comrades in Art: Artists Against Fascism In the 1930s Europe was descending into extremism. Artists as well as poets and intellectuals tried to fight the fascists, reveals this exhibition based on a recent book about the AIA (Artists International Association). • Towner Eastbourne, until 18 October Continue reading...

In an exclusive interview, a seafarer describes the strike on the MKD Vyom in the Gulf of Oman that killed his friend and crewmate, Dixit Solanki The blast tore through the engine room of the tanker MKD Vyom without warning on the morning of 1 March. “There were immense shock waves and a fireball,” says Basis*, a seafarer on one of the first ships to suffer a fatal attack in the Gulf of Oman during the US and Israeli airstrikes against Iran. “For one or two seconds, I was knocked out,” he says. “Everything went black. The power was gone. I looked up – fire and thick black smoke was pouring down.” Continue reading...

The Guardian analyzed ICE records from January-August 2025, as advocates say the family-separation crisis will lead to generational trauma After three months in immigration detention, 1,500 miles (2,400km) away from her 13-month-old daughter, LT was running out of options. Her baby, who was allergic to formula and had other food sensitivities, had been vomiting constantly and needed breastmilk. But the government refused to release LT – an asylum seeker from Haiti – on bond. So, the family’s pediatrician petitioned the government to allow her to pump and mail her breastmilk from the Dilley detention center in Texas to her baby in Florida. That request was denied. During the first seven months of 2025, the administration arrested 18,400 parents – including 15,000 fathers and 3,000 mothers. They are the parents of 27,000 to 32,000 children. The administration arrested the parents of at least 12,000 US citizen children. Nearly 7,500 fathers and 1,000 mothers who were arrested had a different nationality than at least one of their children. In about half of these families, siblings had different citizenships from each other. On average, the Trump administration has been arresting about 2,300 parents each month and deporting 1,400 parents every month. The Biden administration , in comparison, deported about 700 per month in 2024. Continue reading...