周四再传通胀利空消息，4月美国进出口价格均创下多年新高。 当月进口价格环比跃升1.9%，较3月的涨幅整整高出1个百分点，也远高于 道琼斯 共识预测的0.9%。从12个月来看，进口价格上涨了4.2%，为2022年10月以来最大涨幅。 与近期其他数据一致，这一上涨很大程度上来自能源相关成本：燃料和润滑油价格飙升16.3%，石油及石油产品价格上涨19%。非燃料进口价格上涨0.8%，受资本品、非燃料供应品以及食品和饮料价格上涨推动。 出口方面，价格涨幅更大，环比上涨3.3%，使得12个月涨幅达到8.8%，为2022年9月以来最高水平。 责任编辑：张俊 SF065

Intel Corporation stock (US4581401001): Breaks 26-year curse with Q1 earnings beat AD HOC NEWS

The troubled private credit funds, by most any measure, are a sliver of the assets of investing giants KKR & Co. , BlackRock Inc. and Apollo Global Management Inc. Yet as the firms’ most outward-facing vehicles during the $1.8 trillion market’s turbulent 2026, they’ve become outsized reputational stains as investors assess problems across the industry. Now, each asset manager is taking steps to address them, albeit with different tools. At $758 billion KKR, the persistent issues dogging its publicly traded FS KKR Capital Corp. , a $12.3 billion fund, reached the highest levels of the firm, according to a person familiar with the matter. Executives deliberated over ways to generate value and along with FS KKR’s board of directors landed on a $300 million share buyback program, which investors had been lobbying for, after gauging it would have sufficient demand, said the person, asking not to be identified discussing internal conversations. Meanwhile, BlackRock TCP Capital Corp. , a $1.5 billion fund, has been a thorn in the side of the world’s largest asset manager for the past year. It predates the splashy $12 billion acquisition of private credit boutique HPS Investment Partners, but the firm has added more HPS executives to TCP’s investment committee, giving them a key role in picking new loans to improve performance, according to people familiar with the matter. And Apollo, with $1 trillion, is reportedly shopping around its $3 billion fund MidCap Financial Investment Corp. , which has avoided trading at an ultra-steep discount like KKR and BlackRock’s offerings but still faced losses and net asset declines. Plus, its focus on middle-market lending is narrow when compared with CEO Marc Rowan ’s vision of a $40 trillion , largely investment-grade private credit market. The moves illustrate the challenges facing business development companies that are packaged on exchanges like stocks — in contrast to their non-traded counterparts that have faced an unprecedented w...

专题：聚焦美股2026年第一季度财报 新航预计下一财年将全面承受燃油成本上涨带来的压力 新加坡机场内的新航客机。全球航司正普遍应对燃油成本上涨的困境。 内容概要 截至 3 月的财年，新加坡航空年营收创下205.2 亿新加坡元历史新高，但净利润大跌 57%，降至11.8 亿新加坡元。 新加坡航空年度营收创下历史新高，终结连续三年利润创纪录的态势、利润大幅下滑；叠加中东冲突阴霾，行业前景不确定性进一步加大。 全球各地航空公司正深陷燃油涨价困境，今年或将因此产生数十亿美元额外支出，迫使航司通过上调票价、削减航线来遏制成本攀升。 自 2 月底中东战事爆发以来，新航股价已累计下跌超 12%，表现落后于新加坡基准股指（后者已收复失地）。航空行业不确定性仍存，燃油价格居高不下，区域空域运行持续受干扰。 这家新加坡国家旗舰航司周四表示，冲突带来最直接影响是 航空燃油价格已较战前翻倍 ，预计下一财年将完全承压于高燃油成本。 新航旗下还运营廉航酷航，目前已在全航线网络上调机票价格。但航司坦言，机票涨价不足以抵消航空燃油的涨价压力，燃油是集团 最大单项支出 。 截至 3 月的过去 12 个月，新航净利润下滑 57%，至 11.8 亿新加坡元； 折合约 9.275 亿美元，高于 Visible Alpha 调查分析师预期的 10.75 亿新加坡元。 利润下滑主因：2024 年 11 月印度航空与维斯塔拉航空合并产生的 11 亿新加坡元非现金会计收益 本期不再计入；同时联营公司由盈转亏，录得 8.46 亿新加坡元亏损，主要受其持有的印度航空 25% 股权亏损拖累。 全年营收同比增长 5.0%，达创纪录的 205.2 亿新加坡元。航空出行需求旺盛、客运收益率提升、当期净燃油成本走低，推动营业利润大涨 39%，至 23.75 亿新加坡元。 当期平均油价走低、燃油对冲收益增加，拉低了 净燃油成本 ；但货运收入同比下滑 2.1%。 财报发布前分析师持乐观态度，认为中东航司出行客流向亚洲等其他区域转移，有望支撑新航客运量。 新加坡樟宜机场 3 月客运量同比增长 8.5%，2 月增幅为 1.8%，1 月则同比下滑 3.0%。机场表示，今年一季度往返北亚与欧洲的出行需求强劲，带动整体客运表现。 新航表示： 中东局势持续时间及后续演变，可能进一步波及全球供应链与宏观经济环境，进而改变出行需求格局 。 责任编...

Dyson’s new air purifier can target multiple people. | Image: Dyson Dyson has announced a new air purifying bladeless fan that's its first to incorporate an AI-powered camera for tracking the location of people in a room. Dyson already uses a mix of cameras and AI in its robovacs , but since the new Find+Follow Purifier Cool is stationary and not at risk of running into abandoned socks, here it's used to direct fresh air towards you and to conserve power by automatically turning the fan off when a room is empty. The Dyson Find+Follow Purifier Cool is now available from its online and retail stores for $894.99 and is capable of capturing and trapping 99.97 percent of ultrafine particles as small as 0.3 micron … Read the full story at The Verge.

周四公布的经济数据显示，美国4月零售销售如期增长，而首次申请失业救济人数则略高于预期。 美国商务部报告称，经季节性调整但未剔除通胀因素后，4月零售销售额环比增长0.5%，与 道琼斯 预期相符。剔除汽车后，零售销售增长0.7%，较预期低0.1个百分点。 尽管零售销售大体符合预期，但整体数据受到了能源价格飙升的显著提振——加油站销售额增长了2.8%，成为所有类别中涨幅最大的板块。 在失业救济金申领方面，美国劳工部报告称，截至5月9日当周，首次申领失业救济人数为21.1万人，较前值增加1.2万人，高于20.5万人的预期。持续申领人数（滞后一周）增加2.4万人，达到178万人。 责任编辑：张俊 SF065

Yossakorn Kaewwannarat/iStock via Getty Images BRK stock: Q3 changes made P/B ratio more relevant I last analyzed Berkshire Hathaway (NYSE: BRK.A ) (NYSE: BRK.B ) on Mar 27 with an article titled " Berkshire Hathaway: Why I Set A $450 Limit Buy Order”. The article, focusing on the company’s FQ4 earnings report (ER) and also the price volatility afterwards, concluded with a hold rating. Since then, the company has recently released its FQ1 2026 earnings report. The ER was widely viewed as a historical pivot as Greg Abel assumes the CEO role from Warren Buffett and attracted extensive media coverage. As a result, most of the aspects of the FQ1 ER have already been thoroughly detailed at this point. Therefore, in this article, I will focus on an aspect that is less often discussed from the ER reviews I’ve seen thus far: the role of Price/Book ratios. During the late stage of Buffett’s reign, a notion that has been gaining increasing popularity was that the P/B ratios don’t matter much anymore for the company’s valuation. There are surely good reasons behind this notion and I will cover the main ones in a minute. Either as a result or a reflection of this point of view, the P/B ratio of the company has been on an overall upward trend in recent years as shown in the following chart. This chart displays my calculations of BRK’s average P/B on an annual basis. As seen, its P/B ratio averaged around 1.25x in the long term. Since dipping to a temporary bottom of 1.1x in 2020 (largely due to the selloff amid the pandemic), the reading has been on a robust expanding trajectory and peaked at 1.6x in 2025. The ratio has corrected moderately to the current level of 1.44x based on the book value updated in its FQ1 ER. But it is still above the 1-sigma level of 1.39x as seen. With this background, next I will argue why the P/B ratio still acts as an important valuation indicator for BRK and probably even more so in the Abel era, and subsequently why the current elevated P/B can be ...

Mario Tama/Getty Images News Citigroup ( C ) is planning to increase headcount by ~10% in its Asia-Pacific prime brokerage unit by the end of 2026, with the expansion centering on Singapore and India, Bloomberg News reported . The New York-based bank is hiring across front-office and technology roles, Sue Lee, Citi's head of markets for Asia South, reportedly told Bloomberg. The hiring has moved into a secondary phase, with key recruitments made and the global lender focused on filling the gaps, Bloomberg reported. The move is part of a broader push to capture more business from hedge funds in the region. The prime brokerage business involves lending cash and securities to hedge funds, the report released on Wednesday, May 13, noted. Citi aims to grow its prime brokerage balances to over $700B by 2028, compared to $450B recorded in 2025. The company's rates and fixed income unit has been strong, but the equities franchise lags as compared to Wall Street peers, according to the media group. The news comes as layoffs that were once concentrated in the technology sector are now said to be spreading to other industries. Wall Street banks, including Goldman Sachs ( GS ), HSBC Holdings ( HSBC ), and Morgan Stanley ( MS ), were reportedly weighing job cuts. According to the WARN tracker, JPMorgan ( JPM ) and Bank of America ( BAC ) are among the financial firms that filed notices . JPM is letting go of 50-100 employees in California, effective May 21, while BofA will eliminate 100-250 employees in New York, effective June 24. Furthermore, Citigroup ( C ) was also planning to eliminate about 1,000 jobs in January. Many companies pointed to AI as the factor behind eliminating swaths of their workforces at once. Many analysts believe that the cuts are happening to shift capital for AI investments. More on Citigroup Citigroup Inc. (C) Analyst/Investor Day - Slideshow Citigroup Inc. (C) Analyst/Investor Day Transcript Wall Street Roundup: Good News, Earnings News Here's the ful...

Jumia plans to cut 10% of its workforce as AI rolls out across jobs within the African e-commence giant. CEO Francis Dufay spoke to Bloomberg's Jennifer Zabasajja from Abidjan. (Source: Bloomberg)

惠泰医疗公告，公司董事长赵宇翔于2026年5月14日通过上海证券交易所集中竞价增持公司股份10000股，占公司总股本0.0071%，增持金额236.6万元，已完成增持。此前披露计划拟于2026年5月11日至2026年5月31日期间，增持金额人民币200万元（含）至人民币300万元（含），不设价格、数量及比例区间；本次实际增持金额达到计划下限，不触及要约收购，亦不影响公司上市地位及股权分布。

Key PointsCoca-Cola is a consumer staples giant, a Dividend King, and performing well despite industry headwinds.

北京时间5月14日晚，美股周四高开。 思科 和 波音 大涨，推动道指重新站上50000点关口。市场关注思科强劲财报以及中美高层会谈。 道指涨401.69点，涨幅为0.81%，报50094.89点；标普500指数涨17.68点，涨幅为0.24%，报7461.93点；纳指涨43.993点，涨幅为0.17%，报26446.337点。 思科股价飙升，此前这家软件巨头公布的第三财季业绩和指引均超出华尔街预期，并宣布将裁减近4000个工作岗位。 思科的上涨提振了道指，使其重新站上今年早些时候触及的50000点水平。 道指同时还受到波音公司的提振，由于市场预期美中首脑峰会可能为波音带来一些订单，波音股价上涨超过1%。此外，英伟达上涨逾2%。 思科、英伟达以及 亚马逊 都支撑了道指的反弹——思科和亚马逊在过去两个月中上涨了30%，而英伟达上涨了25%。道指的这轮上涨发生之际，中东冲突仍在持续，油价居高不下导致投资者对通胀的担忧加剧。 据一位白宫官员透露，伊朗是周四中美首脑峰会期间讨论的一个主要话题，双方同意霍尔木兹海峡必须保持畅通。 在之前的交易中，尽管投资者正在消化又一份高于预期的通胀报告，标普500指数和 纳斯达克 综合指数仍创下了新的盘中及收盘历史纪录。 虽然对能源价格上涨的担忧继续拖累市场其他板块，但科技股——尤其是英伟达和 美光 科技等半导体公司——推动了周三的市场反弹。 展望未来，著名投资者Creative Planning公司CEO Peter Mallouk认为，芯片制造商可能还有更大的上涨空间。 Peter Mallouk表示：“这在很大程度上是一个由科技驱动的、非常非常漫长的牛市……这种增长源于预期的盈利。这并非真正的投机泡沫。我认为芯片制造商作为一个整体实际上被低估了，因为这是一个大趋势……似乎我们有如此多的需求等待着供应去满足，因此还有很大的发展空间。” 责任编辑：张俊 SF065

Amazon’s AI Success Sends Stock Racing Toward $3 Trillion Club Bloomberg.com

da-kuk Automobile manufacturer stocks are drawing investor attention as Ford Motor Company ( F ) approaches a major technical resistance level near $14.15 following a sharp rebound in recent trading. The rally has improved near-term momentum for Ford shares and renewed focus on valuation opportunities across the auto sector. Below is a list of automobile manufacturer stocks ranked according to their valuation grades.Leading the list is Ford Motor Company ( F ), which carries an A valuation grade, making it the most attractively valued stock in the group. General Motors Company ( GM ) follows with a B valuation grade, while THOR Industries, Inc. ( THO ) rounds out the top three with a B- rating. Ford’s recent technical rebound has added momentum to a stock that already stands out on valuation relative to peers. Further down the rankings are several electric vehicle makers, including Lucid Group, Inc. ( LCID ), which holds a C valuation grade, and Rivian Automotive, Inc. ( RIVN ), which carries a D grade. At the bottom of the list is Tesla, Inc. ( TSLA ). Despite commanding the group’s largest market capitalization at approximately $1.63 trillion, Tesla receives an F valuation grade, reflecting its significantly richer valuation relative to fundamentals. Valuation grades measure how expensive or inexpensive a stock appears relative to key financial metrics. The grading scale ranges from A+ to F, where A+ represents the most undervalued stocks and F signals the most overvalued, or priciest, names. Here's the list: Ford Motor Company ( F ), Valuation grade: A General Motors Company ( GM ), Valuation grade: B THOR Industries, Inc. ( THO ), Valuation grade: B- Lucid Group, Inc. ( LCID ), Valuation grade: C Rivian Automotive, Inc. ( RIVN ), Valuation grade: D Tesla, Inc. ( TSLA ), Valuation grade: F More on Ford Ford Motor Company (F) Q1 2026 Earnings Call Transcript Ford Motor Company 2026 Q1 - Results - Earnings Call Presentation Ford's Highly Touted BEV Czar Leaves, His...

高盛 表示，由于家电制造商惠而浦面临行业与宏观经济层面的多重逆风，其股价可能进一步走低。 这家投资银行将惠而浦的评级从“买入”下调至“中性”，同时设定53美元的目标价，较周三收盘价意味着27%的上涨空间。 高盛分析师周四在给客户的一份报告中表示：“我们预计持续的行业和宏观压力将拖累公司业绩。虽然我们认可惠而浦为抵消营收和利润率逆风所做的努力——包括30多年来最大幅度的涨价、超过1.5亿美元的成本削减计划以及成功推出的新产品——但我们认为，随着运营压力至少在今年剩余时间内持续存在，这些举措带来的收益可能会被削弱。” 惠而浦股价周四盘前交易中下跌约1%。该股在过去12个月中已累计下跌约50%。 责任编辑：张俊 SF065

The oil shock from the Iran war is set to give a lasting boost to government bonds from energy-producing developing nations, according to Christopher Hays , whose fund at TCW Group Inc. is beating its benchmark and most peers this year. Hays has been increasing his bets on sovereign bonds from oil exporters in the $4.1 billion TCW Emerging Markets Income Fund , which he helps manage. He’s added to core positions in Angola and Argentina, and has also bought notes from Oman, Bahrain and Saudi Arabia over the past few weeks, he said in an interview. The key, he says, is that markets now see that Iran can disrupt crucial oil routes, embedding a lasting geopolitical premium into crude prices, which remain elevated after reaching a four-year high last month. “We are in a structurally better environment for oil exporters relative to oil importers in this world,” Hays said. “We feel pretty confident that the floor on oil prices has risen.” His fund has returned 3.2% this year through Wednesday, versus a roughly 2% gain for the fund’s benchmark, a JPMorgan Chase & Co. index , according to data compiled by Bloomberg. It has also beat 83% of peers this year. Brent crude is up about 50% since the US and Israel launched strikes on Iran at the end of February, trading above $104 a barrel on Thursday as the stalemate in the Middle East leaves the vital Strait of Hormuz virtually closed to shipping traffic. The surge in energy prices has created opportunities for relative-value trades, Hays says. The view is that higher oil prices will strengthen fiscal balances and boost reserves for energy exporters, while increasing stress on the funding ability of high-yield energy importers such as Kenya, he says. Market Beaters Since the conflict started, bonds from energy producers including Congo, Angola and Gabon have returned more than 5% on average, compared to a loss of 1% for an index of emerging-market peers, data compiled by Bloomberg show. Ukraine, which has entered its fifth year o...

Google (GOOGL) stock currently trades near $402. Based on an expected 2026 EPS of $14.22, the stock carries a forward P/E multiple of 28x. This multiple represents a 35% premium over its five-year historical average forward P/E of 21x. Comparatively, Google stock sits between Microsoft (MSFT) at 24x and Amazon (AMZN) at 31x, while remaining more expensive than Meta Platforms (META) at 19x. (See Google's valuation comparison with its peers). The critical insight is structural. The 153% stock surg

A vessel said to be a “floating armoury” in the Gulf of Oman has been seized by Iranian military personnel, according to reports.

据港交所文件：成都国星宇航科技股份有限公司向港交所提交上市申请书。

World No 1 into Rome semi-finals with stroll past Rublev Can become first Italian winner of men’s event in 50 years Jannik Sinner reached the semi-finals of the Italian Open on Thursday and set a record for consecutive wins in Masters 1000 tournaments. A 6-2, 6-4 win over Andrey Rublev moved Sinner up to 32 consecutive wins in the ATP’s top‑ranked events, one more than the previous record, established by Novak Djokovic in 2011. Continue reading...

Earnings Call Insights: Health In Tech (HIT) Q1 2026 Management View "2026 [will] be a year of deliberate investment in sales, distribution and technology development" to "build our roster of distribution partners, expand our market presence, enhance our technology for new features, deliver new solutions and accelerate long-term revenue growth," according to "Founder, CEO & Chairman Tim Johnson." Johnson said Health In Tech completed "a private investment in public equity, of PIPE" that "brought us approximately $7 million in gross proceeds" and added, "this capital raise was not driven by an immediate need for working capital in our view" but was intended to "broaden our shareholder base" and fund growth priorities including "expanding our sales distribution network," "adding new carrier partners," and "enhancing our technology architecture and AI development." Johnson described a services shift with the January launch of an "enhanced self-funded plan administration offering" that bundles "plan design, administration and stop-loss coverage" and said the company is moving "toward a more integrated and actively managed model where we curate, bundle and manage the vendors." "Chief Growth Officer Zain Hasan" said the company plans to "further invest in and selectively expand our in-house sales team" after delivering "$33 million in revenue" in 2025 with "a relatively small in-house sales team of 6 professionals," emphasizing the team is "primarily focused on onboarding and activating distribution partners rather than directly selling into employer accounts." "CFO & Director Julia Qian" said the company is introducing new KPIs, including "contracted revenue" and "platform placed plan value or PPPV," adding, "as of March 31, our contracted revenue for the remaining 3 quarters of this year total will be around $22.9 million" and "in the first quarter of 2026, our platform placed $82 million self-funded stop-loss plans." Outlook Johnson reiterated, "we are reiterating our ...

Shares of computer processor maker Intel (NASDAQ:INTC) jumped 2.6% in the afternoon session after worries about a global chip shortage reached parabolic territory driven by AI optimism and strong investor momentum.

格隆汇5月14日｜美股开盘，三大指数集体上涨，纳指涨0.08%，标普500指数涨0.23%，道指涨0.76%。 英伟达涨超2%，续创新高，总市值突破5.6万亿美元。 思科大涨超14%，创新高，2026财年订单预期上调至90亿美元，宣布将裁员近4000人。 英特尔跌超5%，瑞银报告指一季度英特尔服务器CPU市场份额从64.4%跌至54.9%。(格隆汇)

Micron Technology stock (US5951121038): AI memory surge drives 180% YTD rally AD HOC NEWS

格隆汇5月14日｜纳斯达克中国金龙指数跌超2%，阿特斯跌11.87%，金山云跌8.57%，哔哩哔哩跌5.37%，汽车之家跌5.05%，小鹏汽车跌5.07%。

AMD promises FSR 4.1 for RDNA 3 and RDNA 2 graphics cards OC3D

(RTTNews) - 4basebio PLC (4BB.L), a biotechnology company, on Thursday announced the appointment of Richard Bungay as Chief Financial Officer, effective July 2026.

Encompass Health ( EHC ) has commenced a private offering of $500M aggregate principal amount of senior notes due 2034. The Notes will be guaranteed on a senior unsecured basis by the Company’s subsidiaries that also guarantee its credit agreement and other capital markets debt. EHC plans to use the proceeds, along with available cash, to redeem $400M of its outstanding 4.500% senior notes due 2028 at par. Part of the proceeds will also be used to repay $100M outstanding under its senior secured revolving credit facility. Remaining funds will cover related fees and expenses associated with the refinancing transactions. More on Encompass Health Encompass Health Corporation (EHC) Presents at Bank of America Global Healthcare Conference 2026 Transcript Encompass Health Corporation 2026 Q1 - Results - Earnings Call Presentation Encompass Health Corporation (EHC) Q1 2026 Earnings Call Transcript Encompass Health raises 2026 outlook to $6.375B-$6.470B revenue amid plans to open 7 hospitals Encompass Health Q1 2026 Earnings Preview

专题：聚焦美股2026年第一季度财报 这家先买后付服务商公布，一季度营收大涨 44%，达到 10.1 亿美元 纽约证券交易所悬挂的克拉纳宣传横幅。 克拉纳一季度成功实现扭亏为盈。 受市场份额持续提升与业务版图扩张推动，克拉纳营收大增，并在一季度成功扭亏为盈。 这家瑞典 先买后付（BNPL） 支付公司周四公布，一季度实现净利润 100 万美元 ，而去年同期亏损 9900 万美元。 公司一季度每股亏损 1 美分，远好于 FactSet 分析师预期的每股亏损 18 美分。 一季度营收大涨 44% ，达 10.1 亿美元 ，高于华尔街预期的 9.441 亿美元。 衡量平台全部成交交易总额的 商品交易总额（GMV） 同比增长 33%，至 336.9 亿美元 ，超出分析师预期的 327.3 亿美元。 截至一季度末，克拉纳活跃用户约 1.19 亿 ，同比增长 20%；商户合作网络同步大幅扩张，同比激增 49%，达约 108 万家 。 首席执行官塞巴斯蒂安・谢米亚特科夫斯基表示，克拉纳一季度整体表现强劲，支付解决方案市场份额持续提升，业务生态版图不断扩容。 公司盘前股价上涨 17%，报 16 美元。 业绩指引 克拉纳预计本季度营收区间为 9.6 亿 —10 亿美元，低于分析师预期的 10.6 亿美元； 商品交易总额预计为 355 亿 —356 亿美元，同样不及华尔街 383.5 亿美元的预期。 责任编辑：郭明煜

美股三大指数集体高开，标普500指数涨0.28%，道指涨0.78%，纳指涨0.18%。大型科技股方面，英伟达涨2.34%，谷歌A跌1.02%，超威半导体跌1.87%。中概股方面，拼多多跌1.29%，蔚来跌1.53%，携程跌2.30%，理想汽车跌2.30%，网易跌2.54%，阿里巴巴跌3.61%，小鹏集团跌4.92%，哔哩哔哩跌5.06%。纳斯达克中国金龙指数跌超2%。