Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at George Bush Intercontinental Airport (IAH) in Houston, Texas, US, on Thursday, March 26, 2026. Mark Felix | Bloomberg | Getty Images TOKYO/NEW YORK — Genevieve Price considers herself a great flight hacker. The 35-year-old naturopathic doctor based in San Diego usually buys basic economy tickets when she visits her family in New Jersey and then uses her Alaska Airlines frequent flier status to pick a seat, something that's usually not allowed for those no-frills fares. "I like to travel a lot," Price told CNBC at New York's John F. Kennedy International Airport, where she was returning from Rome. But Price said she has her limits, and is planning to cap the spending she does on future flights, such as no more than $900 to Rome, where her partner is from. Consumers' willingness to fly is being put to the test this spring as soaring fuel prices are leading to higher airfares . Cathay Pacific, SAS, Finnair and others are among the carriers that have already raised fares. Travelers also have to contend with hourslong airport security lines in the U.S. because of the second government shutdown in half a year that's hitting the Transportation Security Administration, leaving many frustrated. Fuel and fares Fuel at major U.S. airports was going for $3.98 on Wednesday, up nearly 60% since before the U.S. and Israel attacked Iran on Feb. 28. The conflict has meant crisis for the aviation industry, particularly in the Middle East, where airspace closures have forced carriers to cancel flights and take longer and costlier routes. Airlines will brief investors starting early next month on the longer-term impacts, but they immediately started raising airfare or increasing fuel surcharges on tickets to help cover the rising costs. United Airlines CEO Scott Kirby told reporters at a company event in Los Angeles this week that airfare could go up 20% this year. Customers appear willing to keep bo...

Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin , and this week we talk to former US Ambassador to China Nicholas Burns about the effects of the war in Iran on US-China relations, and we look at how it’s affecting farmers who need the fertilizer stuck in the Strait of Hormuz. If you’re not yet a subscriber, sign up here for this newsletter. Keeping an Eye on China President Donald Trump postponed his trip to China to meet with President Xi Jinping until mid-May because of the Iran war. Former US Ambassador to China Nicholas Burns, who’s now a professor at Harvard’s Kennedy School, calls that a “sensible” decision: “He couldn’t go off to Beijing and stand beside Xi Jinping and have three days of symmetry. He had to be at his desk running the war.” He notes that, thus far, China hasn’t “really lifted a finger to help politically and diplomatically,” but might have a role at some point “pushing the Iranians to an agreement.” Although the war in Iran is urgent, Burns says it may be more important in the long run for the US to remain focused on China’s goal “to out-compete the United States.” From this perspective, “another Middle East war was not in our interest.” Fertilizer Fallout The war in Iran had its most immediate effects on the markets for oil and gas, but there is a different pressing concern for US farmers just now planting their row crops: fertilizer. Our special contributor, Chrystia Freeland, served as minister of foreign affairs and deputy prime minister of Canada and was responsible for trade in things like fertilizer. She’s also a self-described “farmer’s daughter” who says one of her first thoughts on hearing of the war was “oh, no, what’s going to happen to the farmers?” Josh Linville is vice president for fertilizer at financial services firm StoneX, and he says the effects have been immediate and dramatic. More from Wall Street...

tadamichi/iStock via Getty Images Jefferies highlighted key takeaways, including AI adoption, from the RSA cybersecurity conference, where analysts met executives from over 20 companies, including CrowdStrike ( CRWD ) and Microsoft ( MSFT ). "We met 20+ cyber vendors at RSA (covered incl. CHKP, CRWD, MSFT, S, SAIL, TENB and ZS). Overall, sentiment at RSA was positive; publics/privates/experts see AI being implemented this year, but security lags AI adoption & more a '27 story. We see Identity as first to benefit from AI as Enterprises shift to Agentic workflows from LLM [large language model] model usage. SASE [Secure Access Service Edge] is poised to benefit as AI traffic grows (lots of runway left; but competition ramping) & Endpoint sounds healthy," said analysts led by Joseph Gallo. Check Point Software Technologies ( CHKP ) The analysts said they attended a meeting with Chief Product Officer Nataly Kremer, Chief Technology Officer Jonathan Zanger, and Kip Meintzer, head of Investor Relations, and had five key takeaways. Firstly, the analysts said that Check Point's SASE offerings have closed some of the gap versus competitors (SaaS protection capabilities and unified firewall and SASE management pane), but some gaps remain, and SASE still needs to scale for very large enterprises (a goal for 2026). Secondly, they said that agents should drive more traffic in private data centers and through firewalls, more Application Programming Interface, or API, calls and more workloads in public clouds and on the endpoint. Thirdly, the analysts noted that cyber companies have the pricing power to charge per agent, and seat-based pricing is not at risk. Fourthly, they added that code scanning and vulnerability research are most at risk from LLMs. Lastly, the analysts noted that Check Point's management emphasized that CEO Nadav Zafrir has reinvigorated the culture with new hires, more mergers and acquisitions, or M&A, and a renewed focus on innovation. Microsoft ( MSFT ) The...

Guvendemir | E+ | Getty Images The Iran war is redefining modern combat for the U.S. and driving demand for lower-cost tech. It's the exact situation Defense Secretary Pete Hegseth warned against a few months ago. "We cannot afford to shoot down cheap drones with $2 million missiles," Hegseth said in December. "And we ourselves must be able to field large quantities of capable attack drones." Two days into the war, the U.S. used up a reported $5.6 billion in munitions. Meanwhile, Iran has wreaked havoc on military bases, tourist centers and data centers used by America's largest tech giants with swarms of low-cost Shahed drones that cost between $20,000 and $50,000, according to public estimates. This is the moment defense tech and Silicon Valley have been waiting for. For years, defense tech has fought to prove itself in Washington and grab a chunk of the ballooning Pentagon budget snatched up by defense primes like Lockheed Martin , RTX and Northrop Grumman . The war, coupled with President Donald Trump 's military reindustrialization efforts, could offer that long-awaited catalyst. "The world is more dangerous," said Mike Brown, partner at Shield Capital . "Technologies that were on the drawing board a decade ago have now proven themselves on the battlefield." watch now VIDEO 13:13 13:13 Andreessen Horowitz General Partner David Ulevitch: AI, drones and defense tech are reshaping modern warfare Aerospace & Defense Proving ground for drone tech The U.S. has deployed its own version of the Shahed in Iran called the Low-cost Uncrewed Combat Attack System, or LUCAS. The drone, built by Arizona-based SpektreWorks , costs about $35,000 per unit according to industry estimates . The Department of Defense is also reportedly in the market to buy more. Tara Murphy Dougherty , CEO of defense software startup Govini , said LUCAS is one of the only major new systems emerging in the Iran war, but production is modest. Most U.S. air capabilities in Iran have been with tradition...

In this article DBMF .SPX US10Y AGG ISMF IMF FFUT Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 14:36 14:36 ETF Edge on the mechanics of managed futures ETF Edge Managed future strategies are gaining renewed attention as investors look for new sources of returns from the market at a time when both stocks and bonds are under pressure as a result of the U.S.-Iran war and the risk of 1970s-style stagflation . These strategies, which are typically run by commodity trading advisors, use systematic models to trade future contracts across different asset classes. Rather than focus on short-term market moves in traditional asset classes, they aim to capture broader trends that unfold over months. The ability to adapt to changing market conditions, and their performance back in 2022, has made managed futures funds increasingly relevant in 2026. In 2022, when the S&P 500 Index fell around 18% and the Bloomberg U.S. Aggregate Bond Index was down about 13%, managed future strategies were up 20%. " That's meaningful outperformance in an environment when stocks and bonds are under pressure," Nate Geraci, NovaDius president, said on CNBC's "ETF Edge" earlier this week. Andrew Beer, managing member at DBi, which manages the largest managed futures ETF, the iMGP DBi Managed Futures Strategy ETF ( DBMF ), said on "ETF Edge" that the uncertainty around inflation and interest rates, and the volatile geopolitical backdrop, are a good match for the managed futures approach, which can take long or short positions and have the flexibility to respond to different trends across the markets. Stock Chart Icon Stock chart icon Performance of the iMGP DBi Managed Futures Strategy ETF over the past five years. Managed futures ETFs remain a relatively small category, collectively holding around $6.5 billion in assets, according to ETFAction.com. Within that space, the iMGP DBi Managed Futures Strategy ETF has attracted about $1 billion in flows this year. The use of the managed f...

繼QS亞洲大學排名港大奪冠後，最新公布的「軟科世界一流學科排名」再傳捷報。香港的大學在全球十強學科數目由9個增至16個，理工大學更一口氣在三個學科被評為「世一」，表現矚目。 ▌ 理大3學科登世一 僅次哈佛清華麻省理工 理工大學在旅遊休閒管理、管理學及交通運輸工程三個學科獲評為世界第一，其中旅遊休閒管理已連續九年霸榜。理大「世一」學科數目僅次於哈佛大學、清華大學和麻省理工學院。理大另有3科躋身全球十大，合共6科成為全球十強。 ▌ 中大醫學院臨床醫學蟬聯亞洲榜首 護理學打入全球十大 在醫學領域，中文大學醫學院的臨床醫學連續三年蟬聯亞洲榜首，中大護理學也打入全球十大。連同城市大學、香港大學、科技大學及教育大學，香港的全球十強學科由9個增加到16個，證明香港的大學學科水平已達世界級。 ▌ 千億教育投資：相當於3個啟德體育園、10萬個公屋單位 香港學術光芒四射，得益於政府對教育政策的長期投入。本年度預算投放1,029億元經常開支，這筆金額可興建港珠澳大橋香港段、3個啟德體育園，或10萬個公屋單位（相當於10個石硤尾邨）。政府還透過大學教育資助委員會對資助大學進行審核與評估質量。 ▌ 國際化學術環境匯聚頂尖人才 優勢難以複製 香港擁有國際化和自由開放的學術環境，能夠匯聚全球頂尖人才，不少諾貝爾獎得主都在香港執教。這些優勢並非簡單複製就能達成，為香港高等教育持續領先提供堅實基礎。

We polled nearly a dozen VCs to find out which W26 startups are the sought after in the batch.

On Tuesday morning, everything was business as usual at OpenAI. By the end of the day, the company had announced that it would scrap its video-generation app, Sora, and reverse plans for video generation inside ChatGPT; it would wind down a $1 billion Disney deal; it would shuffle the role of a high-level executive; and it would raise an additional $10 billion from investors, adding up to more than $120 billion total for its latest funding round. OpenAI is now in a frenzy to turn a profit, or at least lose less money. Since its launch, Sora seems to have taken up a massive amount of compute without the financial return to justify it. Indus … Read the full story at The Verge.

A large institutional options fund may have contributed to some of the recent volatility in the S&P 500.

Bank of America revealed several top tech companies that are best positioned heading into April. The investment bank said that investors should buy the weakness in companies such as Microsoft. Other stocks rated buy at Bank of America and screened by CNBC Pro include: Meta Platforms , Apple, PicPay Holdings and Payoneer Global. PicPay PicPay was recently initiated with a buy rating by analyst Mario Pierry. Bank of America says the Brazilian fintech company, which trades on the Nasdaq in the U.S. after a January IPO at $19 a share, is a "compelling growth story" that boasts roughly 43 million active users on its platform, the investment bank wrote. PicPay has a unique ability to service businesses of varying sizes, according to Pierry. "Revenue expansion should also be supported by new verticals, such as services to small- and medium size enterprises," he wrote. PicPay also has a wide array of credit offerings, which should help boost profits from current customers. "We rate PicPay as Buy given strong earnings momentum (supported by monetization of existing clients and operational leverage gains), while valuation multiples are discounted vs LatAm and global peers," he said. The stock is down about 39% in March but investors should buy the dip, Bank of America said. Microsoft Analyst Tal Liani reinstated coverage of the Windows and Xbox parent earlier this week, saying Microsoft is firing on all cylinders. The bank sees Microsoft as a key beneficiary of artificial intelligence in both applications and infrastructure. Liani added that demand remains robust for Microsoft's Azure cloud infrastructure platform. "We believe that Microsoft is well positioned to generate sustained mid double digit growth in the coming 3 years, led by continued adoption of [the] Azure cloud infrastructure platform, cloud based Office 365 productivity suite and a growing number of AI solutions and services," he said. Liani has a price target of $500 per share and says Microsoft shares have ple...

Kathrin Ziegler/DigitalVision via Getty Images Co-authored by Kody's Dividends As analysts, covering Dividend Champions is something we especially enjoy doing. These are publicly traded companies with at least 25 consecutive years of payout raises. Why is this the case? While the broader market fixates on the volatility of quarterly earnings beats or speculative growth, we appreciate the discipline that it requires to maintain a multi-decade streak of rising dividends. A 25-plus-year reputation of dividend growth implies that a company has navigated at least two full economic cycles, a variety of geopolitical events, and so forth. This brings us to our focus for today, which is Artesian Resources ( ARTNA ). When Kody last covered it with a Buy rating in December , he was encouraged by its double-beat in Q3. The company's continued allocation to infrastructure upgrades and new buildouts was another positive. What's more, ARTNA's interest coverage ratio was vigorous. Sealing the deal, shares were moderately undervalued at the time. In our January listicle , we liked ARTNA for the same reasons. Fast forward to today, and we're reaffirming our Buy rating. The water utility invested a record amount in 2025 in water and wastewater infrastructure. We think that ARTNA will receive the bulk of what it requested in its ongoing rate case with Delaware's Public Service Commission, or PSC (DEPSC), too. The company's interest coverage ratio remains admirable for its industry. Finally, shares are a better value now than they have been in recent months. The Ongoing Rate Case And Infrastructure Investments Are Growth Tailwinds Artesian Resources Q4 2025 Earnings Press Release On March 12th, ARTNA released its earnings report for the fourth quarter ended December 31st, 2025. The utility's total operating revenue increased by 4.3% over the year-ago period to $28.02 million in the quarter. What elements contributed to this mid-single-digit percentage topline growth during the fourth qu...

mustafaU/iStock via Getty Images It has been an eventful start to 2026 as the first quarter draws to a close on Tuesday, to understate things. A new war has broken out in the Middle East. Oil, natural gas, diesel and other commodity prices have spiked thanks to the effective closure of the Strait of Hormuz for a month now. New problems in the private credit space have emerged and huge private credit funds have ' gated ' redemptions. The case for Stagflation continues to grow and cryptocurrencies and precious metals entered ' official ' bear market territory in Q1. So, what is ahead for investors, the markets and the U.S. economy in Q2? Three market predictions for the coming quarter follow below: 1) The Iranian Conflict Ends It is impossible to predict how the nascent regional war in the Middle East will conclude, but this conflict seems destined to be resolved in Q2, one way or another. I state this for several reasons. First, regime change driven solely by airpower is all but impossible. And the ' boots on the ground ' needed to make this happen via a ground invasion simply will not be greenlit by Congress or supported by the American public. Iran is many times bigger than Iraq both in territory and population it should be acknowledged. EIA Iranian military and other assets have been severely degraded . To what extent is impossible to know given the fog of war, and the lack of confirmable assessments being provided. We do know that U.S. air defense munitions have been significantly depleted . In addition, the huge spikes in gasoline and diesel prices are hitting on the homefront and pushing up inflation in front of mid-term elections where ' affordability ' will be a key election theme. Statista The effective closure of the Strait of Hormuz is pushing fertilizer and other commodity prices up significantly, which will result in higher food inflation in the months and quarters ahead with a lag. Europe and Asia are in worse positions given their energy dependence on ...

RiverNorthPhotography/iStock Unreleased via Getty Images Introduction Due to Robert F. Kennedy's MAHA campaign and the introduction of weight-loss drugs in recent years, the shift towards healthier products seems to have gained more traction recently. Tyson Foods ( TSN ), a company that's been around for nearly a century and one of the world's largest processors of animal proteins, looks poised to benefit as a result. After their most recent earnings, the stock rallied to a new 52-week high. And if they can continue to see sequential improvements, I wouldn't be surprised to see them reach $70 by year's end. In this article, I discuss TSN's latest earnings, improvements, and why despite my hold rating, the company could continue to outperform going forward. Previous Thesis I last covered Tyson Foods back in November in an article titled: Recent Dividend Increase Shows Inflation Headwinds Continue To Linger. Despite issues, the company had solid improvements, closing out 2025 on a strong note. EPS was up 33% to $4.12, while revenue grew 3.3% to $54.4 billion. Their performance was driven by higher volumes and sales within their segments with the exception of Pork. Pork was down 1.7%, offset by sales growth of 4.3% and 3.8% in their Beef & Chicken segments. Their cash flow profile was strong as well, ending the year with a payout ratio of 58%. But their dividend increase below the rate of inflation showed headwinds still lingered despite improvements. Since, the stock has outperformed the S&P ( SP500 ), who has seen increased volatility in recent months. TSN is up close to 16%, while the index is down close to 3%. Seeking Alpha Solid Q1 Results Tyson's most recent quarter last month showed continued momentum from 2025. The company managed to beat top and bottom line estimates. Revenue was up 5.1% from the prior year to $14.3 billion. This was driven by a sales increase of 6.2%. Their bottom line beat by $0.03, amounting to $0.97. This was still down from $1.14 the prio...

Andrii Yalanskyi/iStock via Getty Images Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to "mark your beliefs to market." In general, I go in order of long leading indicators, then short leading indicators, then coincident indicators. A Note on Methodology Data is presented in a "just the facts, ma'am" format with a minimum of commentary so that bias is minimized. Where relevant, I include 12-month highs and lows in the data in parentheses to the right. All data taken from St. Louis FRED unless otherwise linked. A few items (e.g., Financial Conditions indexes, regional Fed indexes, stock prices, the yield curve) have their own metrics based on long-term studies of their behavior. Where data is seasonally adjusted, generally it is scored positively if it is within the top 1/3 of that range, negative in the bottom 1/3, and neutral in between. Where it is not seasonally adjusted, and there are seasonal issues, waiting for the YoY change to change sign will lag the turning point. Thus I make use of a convention: data is scored neutral if it is less than 1/2 as positive/negative as at its 12-month extreme. With long leading indicators, which by definition turn at least 12 months before a turning point in the economy as a whole, there is an additional rule: data is automatically negative if, during an expansion, it has not made a new peak in the past year, with the sole exception that it is scored neutral if it is moving in the right direction and is close to making a new high. For all series where a graph is available, I have provided a link to where the relevant graph can be found. Recap of Monthly Reports February data consisted of University of Michigan consumer sentiment, which declined both as to current conditions and the future outlook...

Kathrin Ziegler/DigitalVision via Getty Images Over the last few months, Stepan Company ( SCL ) has achieved some pretty impressive performance. Since I reaffirmed the company as a ‘buy’ candidate back in November of last year, the stock has jumped 17.7%. That is far better than the 3.8% drop that the S&P 500 experienced over the same window of time. This comes as revenue and profits have generally increased. However, certain cash flow metrics and adjusted profits have worsened. This is disappointing to say the least and would normally result in the stock price failing to move higher. However, management has been working on something really special. In addition to continuing to grow the business over the next few years, they have initiated a massive cost reduction program. It is my assertion that, even if this ends up in absolutely no savings, it will still be priced at levels that are fundamentally appealing. And in the event that management does achieve their objectives, the end result could justify massive upside. Given this, I believe that reaffirming it as a solid ‘buy’ candidate is wholly appropriate. Checking in on Stepan Company Author - SEC EDGAR Data Probably the best place to start with when it comes to analyzing Stepan Company would be the newest data that management has offered up. This is data covering the final quarter of the company's 2025 fiscal year. During that time, revenue amounted to $553.9 million. That's an increase of 5.4% over the $525.6 million that the company reported the previous year. According to management, this growth in revenue was driven largely by higher selling prices and a favorable change in product mix. That added 5% to the top line. Management stated that the higher prices were due to the pass-through of higher raw material costs to their customer base. Unfortunately, foreign currency fluctuations added another 3%, so some of this revenue growth was not organic. And then finally, we did see bit of weakness when it came to vo...

The White House has depicted the war in Iran online with videos that weave real life images of missile strikes and destruction with clips from video games, sports clips, and action movies. (Image credit: White House via Getty Images)

Hi, friends! Welcome to Installer No. 121, your guide to the best and Verge -iest stuff in the world. (If you're new here, welcome, good luck in the Elite Eight, and also you can read all the old editions at the Installer homepage .) This week, I've been reading about Will Wright and sync music and the smartphone theory of everything , picking up The Soul of a New Machine again after hearing that Tracy Kidder died, adding SNL UK to my weekly YouTube clip rotation, watching all my favorite things collide when Hilary Duff went on Hot Ones , moving all my music into Parachord , playing with the NewsBlur Android beta, listening to the new podcast f … Read the full story at The Verge.

陈东起因个人工作安排，向董事会递交辞呈，辞任公司总经理一职，自2026年3月31日起生效。 陆金所控股3月27日晚发布公告显示，公司董事会宣布，于2026年3月27日，陈东起因个人工作安排，向董事会递交辞呈，辞任公司总经理一职，自2026年3月31日起生效。

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BBC golf correspondent Iain Carter assesses where Tiger Woods' latest arrest leaves his legacy.

Key PointsAlthough Social Security is in no danger of bankruptcy or insolvency, its financial outlook has been deteriorating for decades.

In this article BRK.B .SPX 8766.T-JP 8001.T-JP 8002.T-JP 8058.T-JP 8031.T-JP 8053.T-JP BRK.A Follow your favorite stocks CREATE FREE ACCOUNT (This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire shares suffer longest losing streak in more than 7 years Shares of Berkshire Hathaway have lost ground for eight consecutive days. It is their longest losing streak since eight straight sessions of losses in December of 2018. The Class A shares are down 4.7% and the Class B shares have dropped 4.9% since their most recent daily gains on March 17. Berkshire is falling along with the overall market, which has been hit by rising energy prices and global uncertainty from the Iran war . While the S&P 500 index has not seen a string of daily losses, it is down 5.2% over the same period. Zoom In Icon Arrows pointing outwards Berkshire's year-to-date losses are close to the S&P's 7% drop. The benchmark index is on a five-week losing streak . Zoom In Icon Arrows pointing outwards Berkshire's stock prices are down more than 13% since Warren Buffett announced at last year's shareholders meeting that he would be stepping down as CEO at the of 2025. They are roughly 2% above their August lows but have fallen below two more recent lows in early November and late January. Zoom In Icon Arrows pointing outwards Berkshire's new Japanese investment soars in value Berkshire Hathaway's newest investment in Japan is off to a strong start. Shares of Tokio Marine Holdings soared more than 24% this week after Monday's announcement that Berkshire's National Indemnity is paying $1.8 billion for a stake of almost 2.5% in Japan's oldest insurance company, which Barron's calls " one of the world's best-run property and casualty insurers." Today, Berkshire's new purchase has a market value of almost $2.3 billion . Zoom In Icon Arrows pointing outwards The two com...

In this article @CL.1 Follow your favorite stocks CREATE FREE ACCOUNT Protesters, predominantly Houthi supporters, demonstrate in solidarity with Palestinians, in Sanaa, Yemen on Aug. 1, 2025. Khaled Abdullah | Reuters Yemen's Houthis launched a missile strike against Israel, the group said Saturday. It was the first time the Tehran-backed militia has intervened in the U.S.-Israeli-led war against Iran, which has entered its second month. "The Yemeni Armed Forces ... have carried out the first military operation using a barrage of ballistic missiles targeting sensitive Israeli military sites," Houthi spokesman Yahya Saree said in a post on X. Saree said the strike was in support of Iran's regime and Hezbollah forces in Lebanon. The Israel Defense Forces said they "identified the launch of a missile from Yemen towards Israel," adding that its aerial defenses intercepted the threat. The move by the Houthis marks an escalation in the conflict, which began with U.S. and Israeli airstrikes against Iranian targets on Feb. 28. Analysts have told CNBC that the Houthis could attempt to choke off maritime traffic through the Bab el-Mandeb Strait, separating the Arabian Peninsula and the Horn of Africa — through which ships must pass to reach the Red Sea and the Suez Canal — adding to pressure on global trade. Danish shipping giant Maersk, widely regarded as a barometer of global trade, said earlier in March that the situation in the Middle East had prompted it to pause future trans-Suez sailings through the Bab el-Mandeb Strait until further notice. The Bab el-Mandeb Strait was estimated to account for 12% of seaborne oil trade and 8% of liquefied natural gas trade in the first half of 2023. Iranian forces have already effectively shut down the Strait of Hormuz between Iran and the Arabian Peninsula, through which about 20% of the world's oil supplies moved before the war. Oil prices on Friday closed at their highest level in more than three years, as President Donald Trump's...

财联社3月28日讯（记者 吴蔚玲 沈娇娇） 当“轻养生”成为年轻消费者的日常诉求，“药食同源”产品正加速摆脱“补品”形象。今年全国糖酒会期间，当归、茯苓等一系列中药材，正在加速与水饮、零食、咖啡等产品新形态相融合。这一变革背后，是规模已超3700亿元、全产业链估值突破2万亿元的巨大市场。而口感、价格与研发门槛，正成为新老玩家共同面临的挑战。 从养生茶到咖啡、零食 食品巨头抢滩新风口 “(养生水）可以看成很多年前东方树叶，一开始消费者觉得味道不好，但随着健康意识提升，市场就打开了。”盼盼食品相关负责人对财联社记者表示。 从市场规模来看，2025中国特种食品产业大会公布的数据显示，我国药食同源市场规模已突破3700亿元，全产业链估值超过2万亿元。 前述盼盼食品人士对财联社记者说，从饮料市场大盘来看，虽然当前无糖茶饮整体规模不如有糖饮品，但属于上升赛道，而有糖饮品的市占率正在下滑。在这一市场趋势下，公司通过七白水、茉莉五花茶等一系列养生水饮切入“药食同源”赛道，主要推向上海、深圳等一线及沿海城市，目前正处于市场培育期。 传统企业也在加速转型。 承德露露 （000848.SZ）在杏仁露之外，推出了“露露植本”系列产品，公司相关负责人对财联社记者表示，去年销售额已达数亿元。 “产品本身谈不上功效，但它的原材料如枸杞、枇杷等都是非常健康的，而且配料表非常干净。”谈及产品功能及优势，上述公司人士对财联社记者称。 甚至竞争白热化的咖啡赛道也找到了“功能化”切口。云南品牌四只猫咖啡针对减肥需求，在传统黑咖啡中添加左旋肉碱、益生菌等成分，打造“功效黑咖啡”。“今年刚过年就爆单了！”公司工作人员对财联社记者感慨。 “好吃”与“健康”博弈 部分头部企业谨慎观望 尽管前景广阔，但现实依然充满挑战。首要挑战来自产品本身。“药食同源不仅仅是成分添加，消费者对零添加、配料表干净尤为看重。成分要好，就需要强大的研发能力支撑，否则做不出来。”上述盼盼食品人士直言。 口感则是另一个关键障碍。一位在糖酒会现场的渠道商对财联社记者称：“（养生水）多多少少还是有点中药的口感。”虽然此前已有养生水品牌主动洽谈，但他在糖酒会期间并未特别关注。 零食板块的矛盾更为明显。 甘源食品 （002991.SZ）去年底推出了含当归、茯苓等成分的零食系列，其定价明显高于常规风味产品。有消费者直接对比：“一是价格有点贵，二是在安...

本周上证指数围绕3800点展开激烈争夺，在年报披露的密集检验与全球高油价的共同挤压下，每一次指数下探，都伴随着高估品种与融资盘的筹码松动，恐慌情绪得以释放。3800点下方，或是战略布局的"黄金坑"。策略上可保持战略定力，战术上则需多一份耐心，短期静待企稳信号，市场正进入一个具有结构价值的布局窗口期。 本期《第六交易日》演播室嘉宾高琛、徐嘉奇和涂小龙，更多后市观点与分析，周六晚18:00，敬请关注。

格隆汇3月28日｜据叙利亚国家通讯社：叙利亚挫败了从伊拉克境内发动、以战略要地坦夫基地为目标的无人机袭击。