Bloomberg's Mike McKee discusses the challenges facing incoming Federal Reserve Chair Kevin Warsh on "Bloomberg Open Interest." (Source: Bloomberg)

【特朗普訪華｜中美達成里程碑式共識】 美國總統特朗普結束對中國三日國事訪問，國家主席習近平早上跟他舉行小範圍會晤。習近平稱，這次是歷史性的訪問，兩國達成里程碑式的共識。特朗普就指，雙方同意盡快開放霍爾木茲海峽。 國家主席習近平上午11時許，在中南海瀛台接待美國總統特朗普。 國家主席習近平表示：「我告訴你，這邊的樹都是兩、三百年的。」 向他介紹皇家園林。 習近平稱：「這棵280年，清乾隆年、280年，這摸一摸都是很好的。」 美國總統特朗普說：「很好的地方，我喜歡，我非常喜歡。」 習近平指出：「這裡展現的這種生命、展現的歷史，讓我們站在這裡格局有所昇華。」 特朗普關注是否有其他國家元首到訪。 習近平回應：「很少，這個地方首先我們以前外事溝通都不在這裡，後來有外事溝通以後，極少。比方說(俄羅斯總統)普京來過。」 雙方之後進行小範圍會晤，出席的美方代表包括國務卿魯比奧、國防部長赫格塞思、財政部長貝森特；中方就有中央政治局常委蔡奇、外長王毅、國務院副總理何立峰等。 習近平指，選擇在中南海小範圍會晤，是回報2017年他訪美時，特朗普在海湖莊園的款待。 習近平說：「中南海是黨中央和國務院工作的地方、辦公的地方，也是我工作和生活的地方。新中國成立以後(領導層)都在這裡，包括毛澤東、周恩來，到後來的鄧小平、江澤民、胡錦濤都在這裡。這個地方是過去的皇家園林，很有歷史感。總統先生還是很感興趣，包括對我們的花，我也說了，把我們的月季、種子也安排一下。」 習近平提到的月季，又稱為「和平之花」，是北京市花之一。他又表示特朗普此次國事訪問，是兩國關係的里程碑。 習近平指出：「這次的訪問是歷史性的、標誌性的訪問，期間我們也達成了新的兩國關係、建設性的戰略穩定關係，這可以說是里程碑式訪問事件，我們達成了很多合作成果的文件。」 大國外交｜習近平指特朗普訪華為歷史性訪問 兩國達里程碑式共識 特朗普表示，兩人已成為真正的朋友，習近平九月訪美時會以同樣高規格接待。 特朗普說：「我們達成一些非常出色的貿易協議，對兩國都有利。他(習近平)是我非常尊敬的人，我們已成為真正的朋友。我們認識至今11年、將近12年，這是一段很長的時間。我們解決了很多其他人無法解決的難題，這段關係非常牢固。」 特朗普又指，已同習近平就中東局勢進行討論，雙方同意盡快開放霍爾木茲海峽。 特朗普稱：「我們有討論伊朗問題，我們態度相若，都希望能...

The 66-year-old handed himself in after an influencer used AI to pose as a 14-year-old girl and broadcast their conversation online.

【首季經濟增長5.9%】 本港首季經濟增長百分之5.9。政府指，由於中東衝突不明朗，全年經濟增長百分之2.5至3.5的預測維持不變。 政府公布今年第一季本地生產總值(GDP)，與早前公布的初值一樣，按年增長百分之5.9，較去年第四季百分之4增幅加快。經季節性調整後，按季升百分之2.9，主要受惠於首季外貿表現持續強勁。 整體貨物出口按年大幅增長百分之23.7，服務輸出繼續穩健擴張，增長百分之3.5。本地需求亦增加，私人消費開支按年升百分之4.9，政府開支上升百分之3。消費物價通脹維持輕微，按年上升百分1.4。 政府形容首季經濟增長是五年以來最強勁，但對全年經濟增長預測維持百分之2.5至3.5，原因是中東衝突存在不確定性，經濟增長風險傾向下行。 政府經濟顧問范婉兒稱：「這樣環境下，其實令環球供應鏈很多時候造成很破壞性的影響，亦令大家迫於無奈要重整供應鏈。環球供應鏈會出現一個『平衡供應鏈』，其實會帶動很多相關投資活動。投資透過甚麼地方做？我們看到很多時候，香港會受惠的。」 政府又指，近期國際油價上升，未來數月繼續傳導至消費物價內與燃料相關組成項目，但整體而言，本港通脹會保持相對穩定。 【四月訪港旅客按年升一成】 四月份有近422萬人次旅客訪港，按年升一成，當中內地旅客佔310萬人次，按年上升一成八，海外旅客超過110萬人次，按年升百分之8。長途旅客升幅較明顯，錄得41萬人次，按年升兩成。 旅發局指，上月舉行香港國際七人欖球賽，有助吸引更多國際旅客，延續旅客增長趨勢。而今年首四個月，累計1,852萬人次訪港，按年升一成半。 旅發局指會密切留意中東局勢對航空運力及旅遊巿場影響和最新發展，靈活調撥資源，爭取更多高增值旅客。 【東涌裕東苑火警】 東涌裕東苑有單位火警，一名婆婆死亡，初步懷疑是插著拖板的電器起火。有機電工程師提醒留意放置拖板位置，防止短路。 起火的是裕東苑喜東閣中層一個單位，窗框燒至變形，外牆熏黑，對上三個樓層亦受波及。警方清晨四時許接獲多人報案，指單位起火冒出濃煙，消防員出動一條喉及一隊煙帽隊灌救。 火警救熄後，消防在起火單位睡房內，發現一具女性屍體，死者83歲，屍體有燒過痕跡，死因有待驗屍確認。而單位內沒有助燃劑，現場消息指，初步懷疑是有插在拖板的電器短路，導致火警。 有機電工程師指，不正當使用拖板容易引致短路。 香港工程師學會電機分部前主席勞偉籌指出：「拖板上...

Dell Technologies (NYSE:DELL) has become one of the defining AI infrastructure trades of 2026, and our proprietary model sees room to run. Shares trade at $238.94 as of May 12, 2026, up 91.28% year to date and 134.62% over the past year. Our 24/7 Wall St. price target for Dell is $269.53, implying 12.8% upside ... This Will Be Dell’s Stock Price in 2027

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《大行》瑞銀升百濟神州(ONC.US)目標價至465美元 首季業績強勁 AASTOCKS.com

Rafael_Wiedenmeier/iStock Unreleased via Getty Images Following the Q1 results released on 7 May, we are back to comment on Swiss Re ( SSREF ) ( SSREY ). Since our last update (FY 2025 analysis dated March 17), Swiss Re shares have declined by almost 8.5% (Fig. 1); however, the company paid a generous dividend (on 16 April 2026), limiting the total return change to -4%. Despite Swiss Re Q1 reported net income exceeding expectations ($1.5 billion vs. Wall Street average estimates at almost $1.2 billion), the beat appears largely driven by non-recurring factors; however, we continue to report three core factors that support our investment thesis: 1) the favorable structural dynamics between insurance and reinsurance markets, 2) a valuation discount relative to peers, and 3) management’s consistent execution track record. Mare Ev. Lab Rating Update Fig 1 Q1 Results Swiss Re delivered a solid Q1, confirming a positive trajectory already seen last year. Lower catastrophe losses and resilient investment income supported Q1 results. At the aggregate level, the company's net profit reached $1.5 billion (Fig. 2), up 19% year over year. Swiss Re's return on equity reached 23.6%. This was backed by investment performance, with an annualized ROI of 4.6%, driven by recurring income and real estate gains. By segment, P&C gross insurance sales totaled $4.1 billion, missing Wall Street consensus estimates by 9%. This represented an 8.5% decline year-over-year, despite favorable FX. This performance was due to a reduction in volume. On a positive note, the combined ratio reached 79.5% with a strength largely driven by lighter CAT. Higher investment gains drove the higher divisional net profit. L&H's net profit reached $491 million. The segment results were supported by a higher ISR and by contributions from longevity. The investment sentiment results were 21% higher than consensus. This was supported by capital gain driven by real estate disposals. Last year, the company benefited f...

Total Energy Services press release ( TOTZF ): Q1 GAAP EPS of C$0.65. Revenue of C$314.9M (+25.0% Y/Y). More on Total Energy Services Inc. Total Energy Services Inc. (TOT:CA) Q1 2026 Earnings Call Transcript Total Energy Services: Still Attractive After A Big Share Price Run Total Energy Services Inc. (TOT:CA) Q4 2025 Earnings Call Transcript Historical earnings data for Total Energy Services Inc. Dividend scorecard for Total Energy Services Inc.

The world's largest artificial intelligence firms could earn $200 billion in revenue this year, more

财联社5月15日讯（记者 王彦琳 实习记者 蒋毓敏） 今日下午， 吉比特 （603444.SH）参与厦门辖区上市公司2025年年报业绩说明会暨投资者网上集体接待日。对于投资者关注的销售费用高增及AI应用等话题，公司管理层予以回应。 有投资者指出，公司2025年销售费用从9.8亿元飙涨至20.83亿元，增幅超过100%，销售费用率从27%升至34%。2026年Q1销售费用继续增至6.45亿元，同期营收同比增长62.67%，但净利率却同比下降0.02个百分点至33.37%，出现了“增收不增效”的情况。 对此，吉比特董事、副总经理兼财务总监林佳金回应称，公司2025年的增长中确实包含了新品上线买量投放带来的收入提升，但买量回收本身有一定的周期，尤其是新品在上线初期，前期投放会先体现在费用端，后续才逐步反映到流水和利润上。不同产品所处生命周期、题材、用户获取成本和投放节奏都不一样，回本周期也会有差异，不能简单用某个区间的比率变化来判断整体经营效果。从经营角度看，ROI 之类的指标需要关注，但公司更关注整体利润的金额大小。 吉比特2025年年报与2026年一季报显示，吉比特2026年Q1销售费用为6.45亿元，同比增长79.17%。此外，公司2025年销售费用为20.83亿元，同比增长112.46%。公司称，销售费用增长主要是本年《杖剑传说（大陆版）》《问剑长生（大陆版）》《杖剑传说（境外版）》《道友来挖宝》《九牧之野》等游戏上线，发行投入较大，相比上年同期为增量支出。 当前，AI正逐步渗透到游戏研发生产的各个环节，有投资者提出，如果AI工具化让中等厂商乃至独立团队也能高效产出有新体验的产品，公司作为一家自研为主的厂商，其比较优势是否会因AI扩散而收窄？公司到2025年底哪些研发流程已经应用了AI工具？ 对此，吉比特副总经理兼董事会秘书梁丽莉表示，公司已在游戏研发创作、发行等环节广泛应用AI，但具体工作量及应用比例难以准确量化。关于AI对不同类型厂商的影响，她认为，相对那些借鉴市场已有成功产品来制作游戏的厂商而言，AI对追求游戏创新体验的厂商更为有利，至于AI时代公司与其他厂商的差距是拉大还是收窄，受到多方面因素综合影响，包括AI应用的能力、制作人的创作设计及管理能力等。 根据财报，吉比特在2025年和2026Q1实现了营收和净利的同比高增。公司2025年实现营收62.05亿...

peshkov/iStock via Getty Images Dispersion Revisited Although a lot has changed since our last quarterly, its central theme – dispersion – feels like it’s only become more pronounced. We wrote last time that ‘‘we believe we’re entering a new era of dispersion in the performance of financial assets. ’’ We picked out pockets of dislocation that aren’t clearly visible in aggregate metrics, including CCC-rated loans trading at outsized spreads while the overall index presents a sanguine picture. Three months later, CCCs aren’t looking any healthier but a volley of headlines regarding potential vulnerabilities in the credit markets – chiefly relating to software debt – has impacted investor sentiment. Add in resurgent inflation and stubbornly high interest rates, which compound the pressure on already-struggling borrowers, and we feel dispersion in asset performance is set to accelerate. The bulk of the credit universe remains in decent health, but there’s a meaningful subset of borrowers under pressure. What does this mean in practical terms? In performing credit strategies, managers must avoid the losers to retain a still-attractive contractual yield. In more opportunistic strategies, there’s a growing potential to selectively pursue pockets of dislocation. Dispersion defined: Variance in asset performance within a single market, often represented by a bifurcation into winners and losers. In the credit markets, this is generally reflected in ‘‘haves’’ – those able to easily secure mainstream financing at competitive levels – and ‘‘have-nots’’ – those trading at outsized spreads and likely needing a capital solution. The below chart serves as a topical illustration of this dynamic. Figure 1: The Loan Market is Exhibiting Dramatic Bifurcation Between Higher- and Lower-Rated Credits Source: Morningstar (MORN) LSTA US Leveraged Loan Index 1. No respite for CCCs There’s been no let-up for CCC-rated loans, with spreads widening by over 300 bps so far this year. ¹ In contrast...

Welcome to Edition 8.41 of the Rocket Report! The stories of the world's two most powerful rockets are now intertwined. Hardware for NASA's third Space Launch System rocket is coming together at Kennedy Space Center in Florida, while SpaceX is readying its first upgraded Starship Version 3 rocket for liftoff from Starbase, Texas. The readiness of each vehicle, along with Blue Origin's New Glenn rocket and Blue Moon lander, will go a long way toward determining the schedule and content of NASA's Artemis III mission in low-Earth orbit. We discuss those plans in this week's Rocket Report. As always, we welcome reader submissions . 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. An Indian startup nears its first launch. After the Indian government opened a pathway in 2020 for private industry to build and launch its own rockets, one Indian startup is nearing the pad with its first orbital rocket, Ars reports . The most promising Indian launch company, Skyroot Aerospace, says its Vikram-1 launch vehicle could take flight within the next couple of months. And with a recent $60 million fundraising round valuing the firm at $1.1 billion, the company is poised to accelerate its commercial launch efforts. Read full article Comments

Broadcom Slides As Trump-Xi Summit Ends Without Chip Deal Benzinga

martin-dm Apple ( AAPL ) has cut the price of some of its iPhone 17 models in China ahead of the country's annual 618 shopping holiday, set to occur next month. The price of some iPhone 17 Pro models was lowered by 1,000 yuan, or $138, according to prices displayed on Chinese e-commerce platforms such as JD.com, Alibaba's ( BABA ) Taobao and others. When taking into account the trade-in values and other promotions, the price of the iPhone 17 Pro was lowered to 6,999 yuan, according to Chinese news outlet Global Times . The base iPhone 17 model also received price reductions, the Chinese news outlet added. Other handsets have also received price reductions, including those made by Huawei, Xiaomi, and others. China instituted a national trade-in subsidy a couple of years ago, which lowers the price of a new smartphone by 15% in some cases and is capped at 500 yuan. Apple shares rose 0.5% in late morning trading on Friday. More on Apple Apple: Why I Am Bullish Again In The Post-Cook Era Fundamentals Over Everything Apple Q2 2026 Earnings Review: Nothing Here Not To Like AI chip rally widens beyond Nvidia, Tech Contrarians says Renaissance Technologies adds Apple, exits Amazon, boosts Nvidia stake in Q1 among other trades

martin-dm Apple ( AAPL ) has cut the price of some of its iPhone 17 models in China ahead of the country's annual 618 shopping holiday, set to occur next month. The price of some iPhone 17 Pro models was lowered by 1,000 yuan, or $138, according to prices displayed on Chinese e-commerce platforms such as JD.com, Alibaba's ( BABA ) Taobao and others. When taking into account the trade-in values and other promotions, the price of the iPhone 17 Pro was lowered to 6,999 yuan, according to Chinese news outlet Global Times . The base iPhone 17 model also received price reductions, the Chinese news outlet added. Other handsets have also received price reductions, including those made by Huawei, Xiaomi, and others. China instituted a national trade-in subsidy a couple of years ago, which lowers the price of a new smartphone by 15% in some cases and is capped at 500 yuan. Apple shares rose 0.5% in late morning trading on Friday. More on Apple Apple: Why I Am Bullish Again In The Post-Cook Era Fundamentals Over Everything Apple Q2 2026 Earnings Review: Nothing Here Not To Like AI chip rally widens beyond Nvidia, Tech Contrarians says Renaissance Technologies adds Apple, exits Amazon, boosts Nvidia stake in Q1 among other trades

5月15日，北方华创在网上业绩说明会上表示，2025年四季度毛利率阶段性承压，主要是新品验证投入、产品结构及阶段性交付节奏影响。进入2026年，随着高端工艺设备收入占比提升，规模效应持续释放，内部供应链降本及产品结构优化，毛利率有望稳定。中长期看，公司会通过高端产品放量、核心零部件本土化、产能与交付效率提升，稳固并优化盈利水平。（人民财讯）

The athletic footwear giant's shares are trading at a 12-year low, and the comeback timeline keeps getting pushed out.

Qualcomm (NASDAQ:QCOM) has staged one of the most dramatic semiconductor rebounds of 2026, ripping 50.62% off its March trough in roughly a month. Yet Reddit sentiment remains negative, and Wall Street’s consensus price target sits well below current levels. Our model suggests bears are looking the wrong direction. Our 24/7 Wall St. Price Target for ... Qualcomm Bears Could Be Missing a Major Rebound

Qualcomm Bears Could Be Missing a Major Rebound 24/7 Wall St.

Poet Technologies (NASDAQ: POET) stock is getting hit with a big pullback in Friday's trading. The optics-technology company's share price was down 9.4% as of 10:15 a.m. ET. Today's pullback for the stock comes on the heels of a massive rally in yesterday's trading driven by news of the company inking a deal with Lumilens. Poet published its first-quarter results before the market opened this morning, reporting a wider-than-expected loss on sales that beat the market's expectations. In conjunction with its Q1 report, the company also announced a new capital raise. Image source: Getty Images. Continue reading

Titan Mining press release ( TII ): Q1 GAAP EPS of -$0.14. Revenue of $19.6M (+22.3% Y/Y) beats by $1.04M . $13.8 million cash balance at quarter-end, up 13% from Q1 2025, reflecting continued balance sheet strength. More on Titan Mining Titan Mining posts 22% revenue growth, expands U.S. critical minerals platform with graphite production Historical earnings data for Titan Mining Financial information for Titan Mining

AMD keeps gaining on Intel in servers, but desktop PCs tell a different story TechSpot

Earnings Call Insights: Mastech Digital (MHH) Q1 2026 Management View CEO Nirav Patel said, "This was a quarter of proof points. Not all of them are visible in the top line" (CEO Nirav Patel), and added, "We have continued to make meaningful progress on our transformation plan in the first quarter of 2026. EDGE is executing exactly as we anticipated" (CEO Patel). Patel highlighted a reporting and operating shift: "We also made a structural change this quarter, realigning our business into two new reportable segments: Talent and Data and AI" (CEO Patel), and said, "As part of that realignment we moved certain client relationships directly into our Data and AI segment" (CEO Patel). On demand and market conditions, Patel said, "Discretionary and nonstrategic technology spends have seen meaningful pullback" (CEO Patel), while also stating, "organizations have continued to make strategic investments in data infrastructure and AI readiness" (CEO Patel). Patel emphasized commercial traction despite revenue headwinds: "Our data and AI segment delivered meaningful new bookings momentum, a nearly 90% increase compared to the same quarter last year" (CEO Patel), while noting that "the backlog reversal we highlighted in the previous earnings call continued to weigh on revenue in the first quarter of 2026" (CEO Patel). CFO Kannan Sugantharaman framed the segment change and operating intent: "Going forward, we plan on presenting our financials under two new reportable segments: Talent and Data and AI" (CFO & COO Kannan Sugantharaman), and said EDGE is moving from savings to reinvestment: "We are seeing the efficiencies generated through EDGE now being redeployed to strengthen our leadership and our talent base" (CFO & COO Sugantharaman). Outlook The company reiterated it is not providing guidance: "As a reminder, we will not be providing guidance during this call nor will we provide guidance in any subsequent one-on-one meetings or calls" (Executive VP Jennifer Lacey). Management...

The Selling Partner Services group supports third-party merchants on Amazon's marketplace, encompassing onboarding, logistics, and account management functions.

Intel stock price forecast: Testing $102.00 support as INTC slides 6.22% Traders Union

Coinbase (NASDAQ:COIN) shares are down 6% intraday, trading near $199 in early action Friday after a prior close of $212.01. The slide is unwinding a chunk of Thursday’s regulatory-optimism rally in digital asset names. Strategy (NASDAQ:MSTR), formerly known as MicroStrategy, is sliding 5% intraday to roughly $177, from a prior close of $186.97. Strategy stock ... Coinbase Slumps 6%, Strategy Slides 5% in Digital Asset Stocks Rout

alberto clemares expósito/iStock via Getty Images The current market rally reminds me of two other times when stocks had just hit record highs, and I'm talking about 1999, as well as 2007. It reminds me of 1999, because of the surge in tech stocks that occurred at that time due to investor enthusiasm over the Internet revolution which helped to fuel a Dotcom bubble. For many investors, the future looked limitless and they were willing to pay up for it. That resulted in a bubble burst in 2000, which seemed to catch many investors off guard. Right now the market also reminds me of 2007, because the stock market hit a record high that year, home prices had surged and created significant wealth, and the Fed had started to lower interest rates. Everything seemed to be going quite well. As such, most investors appeared to be caught off guard by the sudden change in the economy which turned into the Great Financial Crisis or "GFC". I see 1999 and 2007 and 2026 as having a number of commonalities, and this includes euphoric investors, extremely high asset prices, excessive debt being used to buy assets like stocks and homes, and signs of speculative excess. Based on this, I believe we have all the ingredients for a major stock market and economic downturn which will reset asset values to much lower levels, just as was the case when stock and home price bubbles burst in 2000, and 2008. I know that a lot of investors feel that the chance of a recession is slim to none, but that was also the prevalent belief in 1999 and 2007. I believe the chances of a recession are very high now—let me show you why: Asset Prices From Homes To Stocks Have Become Distorted Due To Years Of Easy Money And Debt Ever since the GFC, there has been a series of what I view as being extreme and unprecedented levels of stimulus and easy money policies. For example, the Federal Reserve lowered interest rates to nearly zero during the GFC and then again during the Covid pandemic. This resulted in very low...

内容速览 星巴克 宣布关闭位于芝加哥、亚特兰大、达拉斯以及加州伯班克的区域总部办公室。 星巴克（SBUX）新一轮改革落地： 裁员 300 名美国员工、关闭多家区域总部办公室 ，这是首席执行官布莱恩・尼科尔为扭转这家咖啡连锁颓势推出的最新举措。 公司周五表示，管理层已下达任务，在此前数千人裁员的基础上进一步精简人员，目的是 优化运营、削减成本、打造更可持续的经营模式 。 具体细节 此次裁撤的 300 个美国总部岗位，主要集中在西雅图，同时涵盖全美各地远程岗位，涉及 技术、营销、财务、研发 等多个部门， 门店零售员工不受此次裁员影响 。 星巴克将关闭四座区域办公点： 芝加哥、亚特兰大、达拉斯、加州伯班克 。 北美保留的区域办公点包括：纽约、多伦多、佛罗里达州科勒尔盖布尔斯，以及西雅图总部、新建的田纳西州纳什维尔企业中心。 公司同时正在评估海外总部办公室，不排除进一步缩减的可能。 背景情况 星巴克计划在 2028 财年末之前削减 20 亿美元成本 ，用以平衡其在门店运营上数亿美元的投入。公司还向部分高管推出价值 600 万美元的股票奖金 ，激励其完成降本目标。 去年星巴克已分两轮裁撤约 2000 名总部员工 ，并取消数百个空缺岗位；同时关闭了数百家美国门店。 今年星巴克宣布，将在纳什维尔投资 1 亿美元 新建企业办公楼，可容纳 2000 名员工。公司正把西雅图的技术、供应链相关岗位迁往这座新办公中心，并同步在当地新增大量职位。 责任编辑：郭明煜

Man admits to coating relic in concrete after taking it from church because he objected to it being displayed, police say Czech police have found the skull of a 13th-century saint, days after it was stolen from a church in the north of the country. Police said they had arrested a suspect, who they said admitted to taking the skull of Saint Zdislava of Lemberk from a glass shrine in the basilica of St Lawrence and St Zdislava in the town of Jablonné v Podještědí on Tuesday. Continue reading...