PNC Financial Services Group Inc. increased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,088,374 shares of the semiconductor company's stock after buying an additional 91,138 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $330,746,000 at the end of the most recent reporting period. Get TSM alerts: Sign Up Other institutional investors have also modified their holdings of the company. Stephens Consulting LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 82.0% in the fourth quarter. Stephens Consulting LLC now owns 91 shares of the semiconductor company's stock valued at $28,000 after buying an additional 41 shares during the period. Ares Financial Consulting LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $29,000. Maseco LLP acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $35,000. Westend Capital Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 476.2% during the fourth quarter. Westend Capital Management LLC now owns 121 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 100 shares during the period. Finally, Navalign LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $39,000. Institutional investors and hedge funds own 16.51% of the company's stock. More Taiwan Semiconductor Manufacturing News Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week: Insider Activity In other news, VP Tzu-Sou Chuang sold 200,000 shares of the company's stock in a transaction dated Tuesday, May 19th. The stock was sold at an average pri...

英国国家统计局20日公布的数据显示，英国4月份消费价格指数（CPI）同比涨幅降至2.8%，降幅超出市场预期。受通胀数据放缓及美元走强双重因素影响，英镑对美元汇率当日震荡微跌。 数据显示，英国4月通胀率由3月的3.3%回落至2.8%，低于经济学家普遍预期的3%。受此影响，外汇市场上英镑对美元汇率当日下跌0.07%，报1英镑兑换1.3384美元，接近上周五触及的近六周低点；欧元对英镑汇率则微跌0.05%，报1欧元兑换86.61便士。 分析人士指出，4月通胀数据超预期降温，在一定程度上缓解了英国央行（英格兰银行）立即加息的紧迫压力。受此预期影响，货币市场交易员已下调了对英国央行年内加息幅度的预测，目前预计到12月将累计加息约50个基点，低于此前预期的60个基点。 责任编辑：龙运翔

5月20日，第13届ASC世界大学生超级计算机竞赛总决赛在江苏无锡落幕。本届比赛吸引了25支来自全球高校的大学生队伍，在量子计算、人工智能等前沿领域，进行同场竞技。经过为期5天的激烈角逐，北京大学、清华大学分获总决赛冠亚军。据了解，这项由中国发起的国际大学生超算赛事，目前已累计吸引全球超过一万名大学生参赛，为全球青年科技人才搭建起AI时代的实战训练平台。（央视新闻）

Mitsubishi UFJ Asset Management UK Ltd. bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,500 shares of the company's stock, valued at approximately $1,511,000. Several other institutional investors and hedge funds have also recently made changes to their positions in PLTR. Bare Financial Services Inc grew its holdings in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock worth $28,000 after purchasing an additional 55 shares during the last quarter. Morton Brown Family Wealth LLC grew its holdings in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in shares of Palantir Technologies in the third quarter worth approximately $32,000. United Financial Planning Group LLC bought a new position in shares of Palantir Technologies in the third quarter worth approximately $32,000. Finally, Clayton Financial Group LLC grew its holdings in shares of Palantir Technologies by 500.0% in the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company's stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 45.65% of the company's stock. Get Palantir Technologies alerts: Sign Up Key Headlines Impacting Palantir Technologies Here are the key news stories impacting Palantir Technologies this week: Palantir Technologies Stock Up 0.1% Shares of PLTR stock opened at $135.26 on Wednesday. The stock has a fifty day moving average of $143.83 and a 200 day moving average of $158.76. Palantir Technologies Inc. has a 52 week low of $118.93 and a 52...

5月6日，新华社发了一组照片，郑州中原科技城人工智能科技园里，140台来自宇树、智元、乐聚等不同品牌的人形机器人，正在一座4S店楼上的训练场里上课。 训练师手把手地教它们抓商超货架上的商品、在流水线上做精密装配、在仿真家庭里叠衣服。这家4S店把销售、租赁、维修、定制、数据训练都装在一栋楼里。 这个资讯，可能蕴含了2026年被严重低估的一个信号： 人形机器人产业正在长出一套全新的基础设施。 它的重要性，可能比所有人正在追逐的VLA（视觉-语言-动作）、世界模型、灵巧手加在一起还要大。 人形机器人的下一个万亿赛道，可能不在大脑也不在本体，这篇文章，我们一起来解读。 真问题在连续运行能力 2025到2026年上半年，人形机器人的舆论焦点集中在三件事：模型够不够通用、本体够不够灵巧、数据够不够多。 但行业内部最清醒的从业者，问的是另一个问题。 原力无限（Infiforce）的联合创始人刘扬曾经公开说过一段话：“客户问的是机器人能不能在工厂连续运行3个月、6个月？能不能降本增效？能不能复购？说实话，行业里没有一家公司完整通过这个PoC。这是生存问题。” 这句话点出了所有人都在回避的一条暗线： 从演示跨越到部署，卡点是连续运行能力。 数据是冰冷的，宝马在美国南卡的工厂用了11个月部署两台Figure 02机器人，累计运行1250小时，参与生产了3万辆X3，搬运9万个钣金件。这已经是全行业披露的最好成绩。 但汽车厂商验收一款新机器人平台的标准是，平均无故障时间超过5万小时。1250除以2，再除以50000，等于1.25%。 最佳成绩距离工业标准只完成了八十分之一。 更扎心的事实在2026年5月日本航空羽田机场试点里，他们用的是宇树机器人，单次充电只能撑2~3小时。 与此同时，业内普遍承认人形机器人离工业可靠性还有量级上的差距。FANUC、ABB、KUKA这些传统工业机器人在维护良好的产线上能做到95-99%的开机率，而当前主流人形机器人在大多数场景下，连续运行30-90分钟就要充电或人工介入。 为什么仅靠算法跨不过这条线？虽然算法可以一天一变， 但MTBF从40小时提升到50000小时是1250倍的工程鸿沟，电池续航是物理定律，备件供应是组织能力，停机赔付是金融问题。 这些都不是再训一版VLA就能解决的。 跨过这条线要靠一整套从未被认真讨论过的基础设施： 训练采集、维修网络、备件...

Yet another CPU with 3D V-Cache is apparently on the way from AMD, namely the Ryzen 7 7700X3D. A recent leak claims to have the skinny on this chip’s specifications, suggesting it won’t be a massive departure from the Ryzen 7 7800X3D. Regular hardware leaker chi11eddog (g01d3nm4ng0) shared alleged specifications for the unannounced 7700X3D on X. In their post, they claim the CPU will rock eight Zen 4 cores and 16 threads, along with 96MB of L3 cache and 120W TDP. In terms of clock speeds, we’re apparently looking at a 4.0GHz base frequency, boosting to 4.5GHz. R7 7700X3D, 120W, 8C16T, 96MB L3 cache, 4.5/4.0GHz. 🧐🧐 — chi11eddog (@g01d3nm4ng0) May 19, 2026 All those specifications mirror the 7800X3D, save frequency. If these rumours hold water, then the 7700X3D will be 0.2GHz slower on base clock and 0.5GHz slower in terms of boost clock. AMD has used clock speed to differentiate prior releases in the same category, such as the Ryzen 5 7500X3D and 7600X3D, so this strategy makes sense. Potential pricing for a 7700X3D is hard to pin down, as Ryzen 7000-series CPU prices have fallen greatly in cost relative to their MSRP since release. At the time of writing, the 7800X3D has cost under $400 for the past six months, so I’d expect the 7700X3D asking price to fall somewhere in the $300-350 range. Model Cores / threads TDP L3 cache Base clock Boost clock MSRP 9000 Series Ryzen 9 9950X3D2 16 / 32 200W 192MB 4.3GHz 5.6GHz $899 Ryzen 9 9950X3D 16 / 32 170W 128MB 4.3GHz 5.7GHz $699 Ryzen 9 9950X 16 / 32 170W 64MB 4.3GHz 5.7GHz $649 Ryzen 9 9900X3D 12 / 24 120W 128MB 4.4GHz 5.5GHz $599 Ryzen 9 9900X 12 / 24 120W 64MB 4.4GHz 5.6GHz $499 Ryzen 7 9850X3D 8 / 16 120W 96MB 4.7GHz 5.6GHz $499 Ryzen 7 9800X3D 8 / 16 120W 96MB 4.7GHz 5.2GHz $479 Ryzen 7 9700X 8 / 16 65W 32MB 3.8GHz 5.5GHz $359 Ryzen 5 9600X 6 / 12 65W 32MB 3.9GHz 5.4GHz $279 7000 Series Ryzen 9 7950X3D 16 / 32 120W 128MB 4.2GHz 5.7GHz $699 Ryzen 9 7950X 16 / 32 170W 64MB 4.7GHz 5.7GHz $699 Ryzen 9 7900X3D 12 / 24 120W 1...

5月20日，雾芯科技（RLX Technology Inc.）（纽交所：RLX）公布2026年第一季度未经审计财报。 财报显示，雾芯科技2026年第一季度净营收为人民币15.858亿元（2.299亿美元），环比增长38.9%，同比增长96.2%，主要得益于公司国际扩张以及2025年5月投资的欧洲实体公司带来的贡献。 2026年第一季度毛利润为人民币5.043亿元（7,310万美元），毛利率为31.8%，同比增长3.2个百分点。非美国通用会计准则下，2026年第一季度经营利润为3.103亿元（4,499万美元），净利润为人民币3.573亿元（5,180万美元）。 截至2026年3月31日，雾芯科技拥有现金和现金等价物、受限制现金、短期 银行 存款、短期投资、长期银行存款及长期投资 证券 合计为人民币145.297亿元（21.064亿美元）。

Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the chip maker's stock after buying an additional 5,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Intel were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors and hedge funds have also bought and sold shares of INTC. Legacy Bridge LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Intel during the fourth quarter valued at approximately $29,000. Provenance Wealth Advisors LLC boosted its position in shares of Intel by 89.2% during the third quarter. Provenance Wealth Advisors LLC now owns 946 shares of the chip maker's stock valued at $32,000 after purchasing an additional 446 shares in the last quarter. Strengthening Families & Communities LLC bought a new stake in shares of Intel during the third quarter valued at approximately $33,000. Finally, HighMark Wealth Management LLC boosted its position in shares of Intel by 177.7% during the fourth quarter. HighMark Wealth Management LLC now owns 886 shares of the chip maker's stock valued at $33,000 after purchasing an additional 567 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors. Get Intel alerts: Sign Up Analysts Set New Price Targets INTC has been the topic of several research reports. Bank of America lifted their price target on Intel from $48.00 to $56.00 and gave the company an "underperform" rating in a research report on Friday, April 24th. Daiwa Securities Group upped their price target on Intel from $41.00 to $50.00 in a research note on Tues...

Jag Capital Management LLC lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,381 shares of the semiconductor manufacturer's stock after selling 36,156 shares during the period. Micron Technology accounts for approximately 2.3% of Jag Capital Management LLC's investment portfolio, making the stock its 13th biggest holding. Jag Capital Management LLC's holdings in Micron Technology were worth $21,515,000 at the end of the most recent reporting period. A number of other large investors also recently made changes to their positions in MU. Brighton Jones LLC increased its stake in shares of Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after purchasing an additional 976 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Micron Technology by 21.7% during the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer's stock worth $435,000 after purchasing an additional 628 shares during the period. United Bank bought a new position in shares of Micron Technology during the second quarter worth approximately $236,000. Schnieders Capital Management LLC. increased its stake in shares of Micron Technology by 67.9% during the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock worth $2,093,000 after purchasing an additional 6,867 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Micron Technology by 5.6% during the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer's stock worth $49,987,000 after purchasing an additional 21,619 shares during the period. Institutional inves...

Wolterk/iStock Editorial via Getty Images More than a year ago, when I covered General Mills' ( GIS ) stock for the first time, assigning a Sell rating on the stock, I portrayed the situation of the Minneapolis-based packaged food company based on three key pillars: ( 1 ) structural headwinds plaguing packaged food companies , due to changing consumer habits and the rise of GLP - 1 weight loss drugs ; ( 2 ) management’s strategies, such as pet food and international expansion, were unlikely to restore meaningful growth in the near / medium term ; and ( 3 ) still an ROIC generated above the cost of capital , which maintained value generation , cash flows , and dividend distribution . My thesis proved directionally correct, as shares lost almost 40% of their market value over the last twelve months, not counting dividends, while also underperforming the vast majority of the peer group. Data by YCharts But now, beyond the increasingly undemanding valuation, I would say I’m less bearish on General Mills’ investment thesis because the stock’s best performance in recent years came when inflation could be translated into pricing power, margin recovery, and defensive investor demand. And in the present context, it seems to me that the market is no longer fully convinced of a clean disinflation story—with recent data still pointing to sticky price pressure. Still, that does not make GIS a Buy for me. The company still needs to prove that higher or stickier inflation can translate into profitable pricing rather than just more cost pressure and weaker volumes. But it makes me less bearish than before. A higher dividend yield, early signs of improvement in baseline volume, and price/mix help to support an argument that GIS now looks closer to a contrarian setup than a straightforward Sell. The Pricing Power Cycle Behind GIS’s Best Years To begin with, I believe that a good way to understand General Mills' stock performance through a "pricing power" lens, the chart below joining...

Vectorian/iStock via Getty Images GOOG stock: FQ1 earnings report recap I last covered Alphabet Inc. ( GOOG , GOOGL ) on 4.6.2026 in an article titled “Alphabet: Why Strong Money Likes It At 27x P/E.” As hinted in the title, the article was triggered by the position disclosures of professional fund managers, and it rated the stock as a buy. Since that writing, a few new developments (that is, in addition to the considerable share price change) have evolved sufficiently and called for this revisit. The remainder of this article will focus on the operating updates provided in its FQ1 earnings report (ER). As an AI frontrunner stock, most of the aspects covered in the ER were quickly reviewed by other SA authors shortly after the ER. I felt having the time to read their insights gave me a better perspective to form my view. Against this background, the rest of the article will start with a brief recap of the ER to refresh our memory. Then I will quickly get to my point and emphasize an aspect largely ignored in the reviews I’ve read so far: the record operating margin the company reported in FQ1. I will identify the top drivers for its margin expansion and argue why the market consensus is underestimating the potency of these drivers. As such, I kept seeing a skewed return/risk profile and reiterate my buy rating despite the large price increase since my last writing. To wit, Google's FQ1 revenue reached almost $110 billion, representing another quarter of double-digit YOY increase (+21.79%). EPS growth is even more impressive. With an EPS of $5.11 for the quarter, the YOY increase is more than 81%. While many analysts focused on the rapid growth rates on both lines, the most crucial figure for the past is profit margin, in my view, for reasons detailed next. Seeking Alpha GOOG stock: operating margin in focus The next chart shows its operating income as a fraction of its total sales (aka, the operating margin, PM). As seen, the PM has been on an overall expanding tren...

Vectorian/iStock via Getty Images GOOG stock: FQ1 earnings report recap I last covered Alphabet Inc. ( GOOG , GOOGL ) on 4.6.2026 in an article titled “Alphabet: Why Strong Money Likes It At 27x P/E.” As hinted in the title, the article was triggered by the position disclosures of professional fund managers, and it rated the stock as a buy. Since that writing, a few new developments (that is, in addition to the considerable share price change) have evolved sufficiently and called for this revisit. The remainder of this article will focus on the operating updates provided in its FQ1 earnings report (ER). As an AI frontrunner stock, most of the aspects covered in the ER were quickly reviewed by other SA authors shortly after the ER. I felt having the time to read their insights gave me a better perspective to form my view. Against this background, the rest of the article will start with a brief recap of the ER to refresh our memory. Then I will quickly get to my point and emphasize an aspect largely ignored in the reviews I’ve read so far: the record operating margin the company reported in FQ1. I will identify the top drivers for its margin expansion and argue why the market consensus is underestimating the potency of these drivers. As such, I kept seeing a skewed return/risk profile and reiterate my buy rating despite the large price increase since my last writing. To wit, Google's FQ1 revenue reached almost $110 billion, representing another quarter of double-digit YOY increase (+21.79%). EPS growth is even more impressive. With an EPS of $5.11 for the quarter, the YOY increase is more than 81%. While many analysts focused on the rapid growth rates on both lines, the most crucial figure for the past is profit margin, in my view, for reasons detailed next. Seeking Alpha GOOG stock: operating margin in focus The next chart shows its operating income as a fraction of its total sales (aka, the operating margin, PM). As seen, the PM has been on an overall expanding tren...

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廖岷会见美国科恩集团高级顾问艾伦 2026-05-20 17:53:32 来源： 同花顺7x24快讯 分享 2026年5月19日上午，财政部副部长廖岷在北京会见美国科恩集团高级顾问艾伦，就中美关系和中美经贸关系等议题交换了意见。(财政部)

Chinese President Xi Jinping warned against resuming military operations in the Middle East, as talks got underway with his Russian counterpart Vladimir Putin in an effort to reinforce bilateral ties in the shadow of wars in Ukraine and Iran. Goldman Sachs has the leading role on the cover of SpaceX’s initial public offering, according to people familiar with the matter, giving the firm a prominent position in potentially the biggest listing of all time. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

Replacing a $75,000 salary with dividend income means generating $6,250 per month without selling shares. The math is straightforward: divide your target income by the portfolio’s yield to determine how much capital you need. The more difficult decision is choosing which yield assumption to use, because higher-yield strategies often involve tradeoffs that may affect principal ... How Much Do You Really Need Invested to Replace a $75,000 Salary With Monthly Dividend ETFs?

Saranya Yuenyong/iStock via Getty Images Harmony Gold Analysis Data by YCharts I have covered senior and intermediate gold producers almost exclusively for 10+ years, and Harmony Gold ( HMY ) is a name that keeps coming back on my radar, albeit with a question mark next to it. Roughly a $10 billion market cap, a hair over 10 times earnings, and so its shares are looking cheap—yet, the stock is up only about 12% over the past year. The VanEck Gold Miners ETF ( GDX ) is up around 84% in the same timeframe. So whenever the gold price is soaring and a gold miner is underperforming peers, there's an obvious question to ask: Why? The answer is usually tied to operational performance—a gold mine underproducing, its costs rising, or both playing out at the same time. That's unfortunately the case here with Harmony Gold. Its gold production and costs are going in opposite directions, and its capital expenditures will nearly double this year. A higher gold price has lessened some of the damage, but that doesn't fix what has happened at the mine level. I think that is the core of my bear case here, and I don't see the situation improving any time soon. Operations: Production down, costs up AISC rose by 25% in the past 6 month period. (Harmony Gold) Its most recent earnings saw its total gold output fall 9% below its prior year's results, dragged down by earthquake-related disruption at its Hidden Valley mine in Papua New Guinea. This issue, combined with a sodium cyanide shortage in South Africa, led to a big jump in all-in-sustaining cost to $2,115 per ounce, making this one of the higher cost producers in the gold sector. These interruptions are spelled out in the company's own H1FY26 results announcement and reflected in the Seeking Alpha news coverage . The dividend is the one good piece of news investors can take from this report. The board announced a doubling of its payout under a new dividend policy that now pays out up to 50% of net free cash flow. The yield is curren...

RLX Technology press release ( RLX ): Q1 Non-GAAP EPADS of $0.041, beats estimates by $0.01 Revenue of $229.9M (+87.2% Y/Y) beats by $62.94M . Gross margin was 31.8% in the first quarter of 2026, compared with 28.6% in the same period of 2025. Non-GAAP income from operations was RMB310.3 million (US$45.0 million) in the first quarter of 2026, increasing by 187.9% from RMB107.8 million in the same period of 2025. U.S. GAAP net income was RMB294.2 million (US$42.6 million) in the first quarter of 2026, increasing by 32.1% from RMB222.7 million in the same period of 2025. Non-GAAP net income[1] was RMB357.3 million (US$51.8 million) in the first quarter of 2026, increasing by 41.4% from RMB252.7 million in the same period of 2025. More on RLX Technology Maintaining RLX Technology At 'Strong Buy' RLX Technology Inc. (RLX) Q4 2025 Earnings Call Transcript RLX Technology Inc. 2025 Q4 - Results - Earnings Call Presentation RLX Technology Q1 2026 Earnings Preview Quant snapshot: Baozun, Sohu among top-rated names as Sol Strategies, Arqit Quantum lag

Source: Bloomberg, 20:38

Jag Capital Management LLC Sells 33,324 Shares of Advanced Micro Devices, Inc. $AMD MarketBeat

燃油车降价，新能源车涨价。 5月以来，国内新能源汽车市场迎来一波集中调价行情，市面多款主流新能源车型陆续上调售价或收紧购车权益。 据第一财经记者不完全梳理，此轮调价涉及市面多款热门新能源车型，包括长安启源Q07、广汽埃安旗下AION Y Younger、AION S Plus、蔚来旗下三款车型、比亚迪旗下六款车型、大众ID系列部分车型（ID.3、ID.4 X、ID.6 X等）以及丰田BZ4等近20款车型。 不过，不同车型涨价策略有所不同。部分车型直接上调官方售价。其中，长安启源官方称，受全球车规级芯片成本大幅上涨影响，5月7日0时起生产的启源Q07天枢智能激光版三款配置车型（215激光尊荣型、215激光旗舰型、215激光旗舰plus）官方指导价统一上调3000元，5月7日前生产车辆仍按原价执行。广汽埃安旗下AION Y Younger、AION S Plus等热销纯电车型近期上调终端售价3000～6000元，终端优惠同步收紧。蔚来宣布自5月10日起对2026款ES6、ES8、EC6等SUV主力车型调价，各版本起售价上调幅度为5000元至10000元，品牌原有基础免费换电权益也进行缩减调整。 特斯拉Model Y在美国市场官宣涨价1000美元，在中国市场虽未官宣，但自5月1日起收紧了Model Y系列车型的金融免息购车政策，间接增加了购车成本。 比亚迪采取差异化调价方式，并未改动车型整车售价，而是自5月1日起上调旗下多款热门车型的智驾选装配套价格，其中王朝网宋Ultra EV、唐L、汉L，海洋网海豹07 DM-i、海狮06 EV及方程豹豹5部分版本的“天神之眼B辅助驾驶激光版”选装包，从9900元上调至12000元，涨幅2100元。 此轮多款新能源车型集中涨价，核心原因源于上游供应链成本持续走高，各类车用核心原材料、车规芯片价格持续上涨，叠加电池原材料等价格同步上涨，直接推高整车生产制造成本。早在今年1月份，瑞银发布的一份报告就显示，预测一辆典型中型智能电动汽车的制造成本将在短期内激增4000元～7000元。随着智能驾驶等级提升，车辆所需的DRAM存储器芯片内存容量相应增加，过去三个月车规级DRAM现货价格飙升180%，导致单车此项成本从约700元急剧攀升至约2000元。另一方面，过去三个月锂价上涨了115.4%，铜与铝价明显上涨，而仅因金属原材料价格上涨，就让一辆纯...

Rheinmetall AG is preparing its first public bond sale in nearly 16 years as Europe’s defense industry booms. Germany’s largest defense company is holding calls with investors about an offering of €500 million ($580 million) in senior unsecured five-year notes, according to a person familiar with the matter who asked not to be identified. Its last conventional bond sale was in 2010, though it has raised convertible debt and Schuldschein loans since then, according to data compiled by Bloomberg. A spokesperson for Rheinmetall didn’t immediately respond to a request for comment. Rheinmetall’s revenue has surged since Russia invaded Ukraine in February 2022 as Germany and other European countries ramped up military spending. NATO is pressing European arms companies to increase investment and boost production, with a particular focus on areas such as air defense and long-range missiles. After peaking last September, the company’s share price has fallen sharply following a series of disappointing results, fueling concern that valuations in the industry may have run too far ahead of earnings. Some investors are also reluctant to put more money into traditional manufacturers, questioning the need for costly armored vehicles given the role played by drones and other emerging battlefield technologies in the conflicts in Ukraine and the Middle East. Read more: Europe’s Defense Splurge Is Sparking a Targeted Property Boom Crédit Agricole CIB and UniCredit are acting as global coordinators, while Commerzbank, Crédit Agricole CIB, Deutsche Bank, Societe Generale and UniCredit are joint bookrunners for the offering. The possible notes are expected to be rated Baa1 by Moody’s Ratings. Issuer Profile Debt distribution: RHM GR Equity DDIS Capital structure: RHM GR Equity CAST Related securities: RHM GR Equity RELS Ratings history: RHM GR Equity CRPR

primeimages/iStock via Getty Images By Benjamin Schroeder Hard to shake off the bearish dynamic without a solution in the Middle East Rates markets are struggling to shake off the bearish dynamic, with the Middle East situation showing little progress. US Treasury yields on the belly of the curve led the way higher, and 10y yields have now topped 4.65%. In Europe, the 10y Bund yield was dragged above 3.15%, while gilts displayed a slightly more moderate rise after Andy Burnham, a contender for Keir Starmer's premiership, vowed to stick to the fiscal rules. This eased some of the prior fiscal concerns that had rattled the gilts market. Overall market sentiment remains relatively immune to the geopolitical uncertainty. In the US, equity markets remain closer to all-time highs, even if only driven by a narrower set of tech names. Macro data such as the weekly ADP employment change also continue to signal resilience and add to the bearish rates sentiment by the day. Although the informative value of that particular data point is likely limited, the argument is that this overall resilience gives the Federal Reserve greater leeway to focus on the inflation issue. The latter is lifting front-end rates as the market has now swung to pricing in Fed rate hikes. But the rise in long-end rates, largely driven by the real component in the recent leg higher, is probably more a reflection of the macro resilience. EUR rates are caught in this mix, though the backdrop does look shakier here. The upcoming PMIs tomorrow are anticipated to show the growing economic struggle and could thus counterbalance the inflation narrative. In terms of sentiment, high and rising rates themselves could bring us closer to a tipping point, but for now, market sentiment is holding on here, too. Not just in the broader equity markets, but also in bond and credit markets, where widening pressures remain muted. Even Italian government bond spreads over German Bunds, regarded as more sensitive to the highe...

Key Points The Tema Space Innovators ETF is fresh on the scene and rapidly attracting a following. One reason is because it has significant exposure to SpaceX. That could position the ETF as a summertime winner. 10 stocks we like better than Tema ETF Trust - Tema Space Innovators ETF › With the S&P 500 up 2.5% through the first half of this month, "sell in May and go away" hasn't been great advice this year. That's subject to change, but a summertime swoon might not materialize this year for a variety of reasons. One is that investors will finally be able to get their hands on SpaceX stock, because Elon Musk's company is getting closer to an initial public offering (IPO). SpaceX's IPO prospectus could be released as soon as this week, according to published reports, paving the way for an early June roadshow. That could set the stage for the stock to come to market as soon as next month. With speculation that SpaceX will be the largest IPO in history and investors hoping the Musk touch is again golden, it's possible that spirits will be lifted, and risk assets could rally during the often-quiet summer months. 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 » One thing is certain: Space stocks and the related exchange-traded funds (ETFs) are sure to be in focus in the weeks and months ahead, making the Tema Space Innovators ETF (NYSEMKT: NASA) worth examining. Getting to know NASA If you're not yet familiar with the Tema Space Innovators ETF, don't fret, because this is a new ETF. It debuted on March 30 and has rapidly accumulated $615.8 million in assets under management. That's not too shabby for an ETF that's not even two months old, and all the more impressive when considering that Tema isn't one of the legacy ETF giants. More impressive: It has increased 45% since its debut (as of May 19). Some, ...

Arhaus NASDAQ: ARHS shares have been under heavy pressure since the high-end home furnishings company reported first-quarter earnings on May 7. Although the company posted record net revenue for a first quarter, investors seemed to focus on weakening comparable sales and margin pressure, largely stemming from severe weather and softer demand amid broader macroeconomic uncertainty. The decline extended what has already been a difficult stretch for the stock, which has fallen nearly 70% since hitting an all-time high above $19 about two years ago. Get Arhaus alerts: Sign Up Record Q1 Revenue Overshadowed by Comp Sales, Margin Concerns Arhaus reported revenue of $314 million for the quarter, up 0.9% year over year. The number topped Wall Street estimates by just over $300,000 and came in above the midpoint of the company’s guidance. Arhaus Today ARHS Arhaus $5.84 +0.07 (+1.12%) 52-Week Range $5.57 ▼ $12.98 P/E Ratio 12.43 Price Target $9.58 Add to Watchlist During the earnings call, Chief Financial Officer Michael Lee said, “This performance is particularly notable as we lapped a prior year period that did not face the same tariff uncertainty, macro volatility, or geopolitical disruption. Despite these ongoing headwinds, including the recent escalation in global conflict, we continue to deliver net revenue growth through a volatile environment.” While showroom growth pushed revenue higher, weather disruptions and weakened consumer sentiment tied to macroeconomic uncertainty weighed on comparable sales. Comparable delivered sales, which measure delivered orders net of returns, fell 1.7% year over year, while comparable written sales, which measure orders placed, declined 5.7% from the prior year. The latter was further pressured by the delayed release of the company’s Spring catalog. Profitability also weakened during the quarter. Gross margin declined 70 basis points to 36.4%, and net income dropped 54.5% to $2 million. Earnings per share of 2 cents were in line with a...

Charnchai/iStock via Getty Images On the Verge of a Significant Merger in 2026 One stock in the financial/insurance space that I think deserves some more attention is Equitable Holdings ( EQH ), which beat Q1 earnings estimates when it reported on May 4th and is merging this year with Corebridge Financial ( CRBG ), which another financial site said would be an "all-stock merger valued at approximately $22B." So, as this is my first-ever coverage of EQH, and it appears the same stock symbol will remain after the merger closes, today's article is meant to give some of my actionable insights on where EQH could be going and where it has been so far. EQH focuses on retirement solutions, asset management, and wealth management as its core businesses, while Corebridge also focuses on life insurance and annuities, which we can see in both of the company's Seeking Alpha profiles. So, it could definitely be an interesting overlap. A Neutral Thesis, Contrarian to the Consensus Today's thesis argues that EQH should be a hold, and this is actually slightly contrarian to the overwhelmingly bullish consensus as of Tuesday but more optimistic than the quant rating of sell. The rating worksheet below shows how my 7 rating factors collectively drove this score: EQH - rating worksheet (author) Although EQH and the potential new company it merges into with Corebridge could see upside when it comes to growth and earnings improvement, EQH on its own showed some weaker metrics, particularly in some performance vs. peers, but also both technical patterns and my price forecast showing limited near-term upside before the merger closes. On Top of Organic Growth, Post-Merger Scalability is Expected to Drive Upside In this first section, I decided to give the stock a modest buy rating on the basis of organic growth, potential merger-driven growth synergies at scale, and bullish forecasts for equity markets, but also considering the lumpy nature of revenue growth in this business and the integra...