财联社5月23日讯（记者 赵昕睿） 5 月 22 日，香港证监会出台开户新规，进一步收紧开户审核标准。相较于政策条文本身，市场更加关注的是：港股开户新规将如何重塑跨境投资的底层逻辑？ 从产业层面看，长期游走于灰色地带的港股开户产业链正被彻底整治、连根拔除。有业内人士对此直言：“低成本套利、轻松获利的时代结束了。”过去几年内地资金涌入港股，打新市场一度呈现全民参与的热闹景象，但随着合规门槛抬高，未来港股定价将更多回归专业机构，“以前是全民打新，现在是专业定价”。 香港开户新规有哪些要点？ 香港证监会于5月22日向持牌法团发出的通函，是在对12家证券经纪行的开户作业手法进行检视后作出的。检视识别出的重大缺失集中在三个维度： 开户文件的尽职审查不足、开户过程中接受可疑或伪造文件、管理与海外中介人的跨境代理关系存在监控薄弱。 对此，香港监管对所有持牌法团提出了四项刚性要求： 第一，内部自查即刻启动。 所有持牌机构必须尽快回溯审查，一旦发现开户时使用了问题文件，必须主动清理。 第二，内地投资者账户“加锁”。 针对使用可疑或伪造文件开设的投资账户，直接关闭；零余额休眠账户同样要清理。新开账户则必须满足“三件套”：包括书面投资者声明、资金存取只能走客户本人名下的合资格银行账户、且该银行需在香港认可名单内。 第三，跨境展业红线再划。 香港监管明确提醒，持牌机构向香港以外投资者提供服务时，必须同时遵守香港及投资者所在司法管辖区的法律法规。这意味着，内地监管不允许的事，在香港也不能打擦边球。 第四，投资者个人担责。 香港监管罕见地以刑事罪行条例警告，若使用虚假文件开户，可能构成犯罪，账户将被终止，个人行为还可能被上报执法机构。 香港证监会中介机构部执行董事叶志衡博士表示：“持牌法团在拓展其业务时，不应以牺牲'认识你的客户'标准为代价。证监会对在开户过程中的严重监控失误及使用伪造文件的情况采取零容忍态度，并将对相关持牌法团及其高级管理层采取坚决的监管及执法行动，以维持市场的廉洁稳健及公平的竞争环境。” 灰色开户通道收紧，产业链面临全面清理 内地投资者参与港美股市场，可以通过港股通或QDII，但也有的绕道互联网跨境券商，重要问题在于，这些用户中的相当一部分，并没有合规的境外身份。 于是，一条“灰色开户”产业链应运而生：从伪造港澳身份证、海外地址证明，到租借境外银行账户作为资金通道，再到批量...

For the sixth straight quarter, Home Depot (HD 0.23%) squeezed out positive U.S. same-store sales when it reported its fiscal first-quarter results on May 19. That follows a period in which the company saw its U.S. same-store sales decline for eight consecutive quarters. In a bit of irony, the stock held up very well during this tough sales stretch, but more recently, the share price is down nearly 30% from its highs despite turning the corner on the sales front. Let's take a closer look at the home improvement retailer's fiscal Q1 report and prospects to see if now is a good time to buy the stock. Expand NYSE : HD Home Depot Today's Change ( -0.23 %) $ -0.71 Current Price $ 313.07 Key Data Points Market Cap $312B Day's Range $ 311.46 - $ 314.96 52wk Range $ 289.10 - $ 426.75 Volume 3M Avg Vol 4.4M Gross Margin 31.14 % Dividend Yield 2.95 % Same-store sales continue to edge higher Home Depot saw its global comparable-store sales edge up 0.6% higher in fiscal Q1, marking its fourth straight quarter of positive growth. Meanwhile, U.S. same-store sales growth increased by 0.4%. While it hasn't seen robust growth over the past year, it's been a steady improvement compared to the prior two years, as seen in the table below. Quarter/Year Same-Store Sales Growth (Decline) U.S. Same-Store Sales Growth (Decline) Q3 2022 4.3% 4.5% Q4 2022 (0.3%) (0.3%) Q1 2023 (4.5%) (4.6%) Q2 2023 (2%) (0.2%) Q3 2023 (3.1%) (3.5%) Q4 2023 (3.5%) (4%) Q1 2024 (2.8%) (3.2%) Q2 2024 (3.3%) (3.6%) Q3 2024 (1.3%) (1.2%) Q4 2024 0.8% 1.3% Q1 2025 (0.3%) 0.2% Q2 2025 1% 1.4% Q3 2025 0.2% 0.1% Q4 2025 0.4% 0.3% Q1 2026 0.6% 0.4% The same-store sales growth in Q1 was led by a 2.2% increase in average ticket size, while transactions declined by 1.3%. Big-ticket items, which the company defines as those costing $1,000 or more, rose 0.8%, while pro sales outperformed do-it-yourself buyers. Overall, nine of Home Depot's 16 product categories recorded positive same-store sales growth. Home Depot's total r...

In recent days, Astera Labs reported strong quarterly results driven by demand for its PCIe 6 connectivity and Scorpio AI data center switches, alongside high-profile presentations at J.P. Morgan’s Global Technology, Media and Communications Conference showcasing its newest AI networking solutions. These developments highlight how deeply Astera Labs’ hardware and software are embedded in global AI computing servers and large-scale cloud infrastructure buildouts, underscoring its role in addressing performance bottlenecks inside modern data centers. Next, we’ll examine how this surge in AI infrastructure demand and Scorpio switch momentum could reshape Astera Labs’ existing investment narrative. Capitalize on the AI infrastructure supercycle with our selection of the converting record-breaking demand into massive cash flow. Advertisement Astera Labs Investment Narrative Recap To own Astera Labs, you need to believe AI data center spending stays healthy enough for its PCIe 6 and Scorpio switches to remain central to next generation racks, and that it can manage customer concentration and intensifying competition from larger chipmakers. The latest earnings beat and upbeat guidance reinforce the near term catalyst of Scorpio ramping across AI clusters, while the flood of analyst upgrades does little to reduce the key risk around dependence on a handful of hyperscalers. The clearest link to this story is management’s disclosure that Astera’s hardware and software now sit inside nearly 90% of global AI computing servers, alongside Q1 FY26 revenue of US$308.4 million and 93% year over year growth driven by Scorpio and PCIe 6 demand. That level of embeddedness directly supports the thesis that Scorpio P and X switches can materially raise Astera’s dollar content per rack as AI infrastructure deployments scale. Yet against this momentum, investors should also be aware that customer concentration remains high and that a shift to in house silicon or alternative fabrics could.....

有本地舞蹈團將中國畫家吳冠中的畫作編為舞蹈演出，凸顯水墨畫的意境及技巧。 舞者翻騰流轉的身姿，好似水墨潑灑，流動於畫布之上。 香港舞蹈團與康文署合作，推出大型舞蹈詩，向已故中國畫壇大師吳冠中致敬。 《之間─吳冠中水墨行》首席舞蹈員黃聞捷說：「吳冠中先生的畫作，他的線條是很有不是那種機械型，也不是一條絕對的直線。它在上面是有呼吸的感覺，然後有顫抖的感覺，有突然間斷裂的感覺，所以我們在設計動作時，都讓他有些微小的變化，速度上的變化，就像水墨滴在宣紙上面，它是會慢滲透出來的。」 除了跨越藝術媒介，也融匯中西。吳冠中一生鑽研中西藝術之道，曾留學法國。 今次演出同時作為法國五月藝術節、中華文化節，和香港舞蹈團成立45周年的重點節目之一。 香港舞蹈團行政總監鄭禧怡：「吳冠中老師的藝術精粹，包括他的點、線、面 ，我們覺得與我們的藝術理念非常吻合，他以中西融合的筆觸和意象具象的融合，是被大家所認識。 」 除了在文化中心，香港舞蹈團四月起亦都在香港藝術館，以吳冠中為主題進行演出。值得一提的是，香港藝術館擁有超過450件吳冠中作品，是全球數目最多。

格隆汇5月23日｜伊朗外交部发言人表示，当前与美国的调解过程“耗时费力”，因为美国的敌意可以追溯到几十年前。“我们讨论了仍存在分歧的一些要点和措辞，并提出了建议，其中一些仍在审议中，各方正在表达意见，”伊朗伊斯兰共和国通讯社援引巴加埃的话说。巴加埃还感谢了巴基斯坦的调解努力。

美国疾控中心将埃博拉病毒筛查范围扩大至亚特兰大机场 2026-05-23 21:41:27 来源： 同花顺7x24快讯 分享 美国疾控中心将埃博拉病毒筛查范围扩大至亚特兰大机场。

格隆汇5月23日｜广东省广州市卫生健康委员会官网近日公布了数则答复市十六届人大六次会议代表关于控烟、禁烟建议的函。关于下一步工作目标，广州市卫健委表示将《控烟条例》修订作为控烟工作的主要任务。修订目标包括：进一步理顺监管体制，明确部门职责，对控烟监管和执法体制进行明确；履行公约义务，扩大禁止吸烟范围，遵循“室内公共场所全面禁烟，室外场所部分禁烟”的原则，扩大禁止吸烟场所的范围；实现由“罚个人”到“罚场所”的监管思路转变，同时结合放管服改革，优化、简化处罚程序，缩短处罚时间，提高执法效率，降低执法成本；完善监管机制，将“电子烟等烟草制品”纳入监管范围，增加控烟服务规定，推动控烟工作由“重监管”向“监管与服务并重”转变。

格隆汇5月23日｜针对广西柳州等地近期地震、洪涝等灾害救灾救助工作需要，根据应急管理部调运指令，国家粮食和储备局在前期先后两批向广西调运1.5万件中央救灾物资的基础上，向广西增加调运帐篷、折叠床、褥子、家庭应急包等中央救灾物资共5000件，支持当地妥善做好受灾群众转移安置和救灾救助工作。

Source: Bloomberg, 0:00

Uber and DoorDash sound out investors for Delivery Hero bid, FT reports Reuters

Key Points A Roth conversion doesn't make sense if you expect to land in a lower tax bracket. Be careful with doing a conversion if it's likely to trigger a big tax bill. You may not want to do a Roth conversion if you want to donate your savings to charity. The $23,760 Social Security bonus most retirees completely overlook › There's a big downside to saving for retirement in a traditional IRA or 401(k): These accounts eventually force retirees to take required minimum distributions, or RMDs. If you don't like the idea of that, you may be considering a Roth conversion. With a Roth conversion, you move money from a traditional retirement account into a Roth IRA. From that point onward, your money gets to grow tax-free, you don't pay taxes on withdrawals, and you won't have to take RMDs. 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 » Roth conversions can be a smart strategy for a lot of people. But that doesn't guarantee they make sense for you. Here are three signs that they may be the wrong move. 1. You expect to be in a lower tax bracket in retirement One of the biggest reasons to do a Roth conversion is to enjoy tax-free withdrawals at a time when your income and tax bracket may be higher. But if you expect your income and tax bracket to be lower in retirement, a Roth conversion doesn't make sense. Your goal should be to pay the least amount of tax on your savings. If a Roth conversion doesn't make sense for you, it doesn't do you much good. 2. Your conversion could trigger a huge tax bill When you do a Roth conversion, it's a taxable event. Any money you move from a traditional retirement account to a Roth IRA is taxed that same year. But if you don't have an opportunity to do a Roth conversion when your income is low, you could end up paying a lot of taxes on that money due to your conversio...

格隆汇5月23日｜特朗普发布了一张中东地图，地图显示伊朗的国土被美国国旗覆盖，并配文：“中东合众国？”（United States of the Middle East?）

Key Points Annaly Capital and AGNC Investment are both mortgage real estate investment trusts. AGNC Investment has a yield of 13.9%, while Annaly Capital's yield is 12.9%. Both mREITs have complex dividend histories and may not be appropriate for many dividend investors, but they could be valuable additions for the right investor. 10 stocks we like better than Annaly Capital Management › Dividend investors often start their search for stocks by looking at dividend yields. That's a logical move given their income focus, but there's a risk that yield becomes more important than other factors that can also have a material impact on an investor's long-term results. Annaly Capital (NYSE: NLY) and AGNC Investment (NASDAQ: AGNC), with their huge double-digit yields, need extra careful vetting. For reference, the S&P 500 index (SNPINDEX: ^GSPC) is yielding roughly 1.1% today. The average financial stock yields 1.5%. The average real estate investment trust (REIT) yields 3.6%. Mortgage REITs Annaly and AGNC yield 12.9% and 13.9%, respectively. Here are some key things to consider before buying either of these two mortgage REITs, and why you might prefer one over the other. 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 » What do mortgage REITs do? A property-owning REIT buys physical assets, such as office buildings, and then leases them to tenants. The core business of mortgage REITs like Annaly and AGNC is owning mortgage securities that have been pooled together into bond-like investments. In some ways, a mortgage REIT, which manages a portfolio of mortgage securities, is similar to a bond fund. Notably, both Annaly and AGNC highlight total return as a key goal. This is important for dividend lovers. While most property-owning REITs focus on providing reliable, and often steadily growing, dividends, the ...

格隆汇5月23日｜伊朗：要观察未来3-4天的事态发展。

Former Executive Director of the USAID COVID-19 Task Force Jeremy Konyndyk joined Bloomberg This Weekend to discuss the Ebola outbreak in the Democratic Republic of the Congo. Konyndyk explains to hosts David Gura and Christina Ruffini the negative impact of the US withdrawal from the WHO in January and the dismantling of USAID on the public health response. (Source: Bloomberg)

格隆汇5月23日｜据伊朗伊斯兰共和国通讯社，伊朗外交部发言人伊斯梅尔·巴加埃表示，伊朗决定将谈判重点放在结束所有战线的战争上，包括黎巴嫩。现阶段不会讨论核问题的细节，是30天后还是60天后进入核问题讨论，那是以后的事。

伊朗：要观察未来3-4天的事态发展。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

Qualcomm (QCOM) Shares Surge Over 11% Amid AI Market Shift GuruFocus

China's DeepSeek to make permanent 75% price cut on flagship V4‑Pro AI model Reuters

hh5800/iStock via Getty Images Investment Thesis Perhaps, Nvidia’s ( NVDA ) latest earnings represented the point where the narrative around AI completely changed. For years, investors were thinking of Nvidia as primarily benefiting from hyperscaler AI spending and the growth in demand for its GPUs. What these earnings quietly showed, however, is that Nvidia has evolved into the foundational infrastructure layer in the world of AI. It is not only selling the chips anymore. The company started to monetize the entire AI factory stack that involves compute, networking, orchestration, sovereign AI deployments and even CPUs. Since my last coverage , NVDA is up 8% but it still hasn’t experienced the kind of explosive rerating many smaller AI stocks have seen this year. Considering that the annualized revenue run rate is reaching a staggering $400 billion, sovereign AI growth is already exceeding 80% and agentic AI is significantly boosting compute intensity per interaction, I think that there may be an element of misunderstanding how structurally big Nvidia’s opportunity truly becomes over the next decade. Data by YCharts How Nvidia’s Q1 Earnings Quietly Changed The AI Narrative If anything, Nvidia’s latest earnings showed that the company became something way more important than a provider of high-performance GPUs to hyperscalers. This time, Nvidia posted revenues up by 85% year over year to $82 billion with guidance for next quarter suggesting the company’s annualized revenue run rate reaching a whopping $364 billion ( $91 billion *4). It is important to note, though, that this earnings report has shown us quite a few other things. First off, the growth in the ACIE segment was much bigger than in hyperscaler revenue, where the latter came at $38 billion and the former at $37 billion. ACIE grew 31% over a quarter, whereas hyperscalers declined 14%. This quiet signals how much of a risk it might be to continue thinking of Nvidia as an undiversified vendor of chips depende...

Yau Ming Low/iStock Editorial via Getty Images If there’s one phrase that really captures what’s going on in QSR Pizza right now, it’s probably ' winner takes all .' And in a lot of markets around the world, Domino's Pizza ( DPZ ) really did take all the traffic they could get—even if that 'all' still isn't all that impressive. At the end of the day, this is still a price war. Seeking Alpha Even so, it looks like my gut feeling that Domino's Pizza Group ( DPUKY ) was getting hit a little too hard ended up being right on the money. Since I said this master franchisee looked dirt-cheap around ~$4.80 (with downside of only about ~3.7% if dividends merely stayed flat forever under the Gordon Model) Domino's UK has bounced back and already delivered close to a 10% total return, versus a bit over 7% for the S&P. We're still below the ~$6 target I had in mind, and the last time I checked, the dividend was still covered by FCF by about 2.1x. So, I think the question all the lads (notice I didn't use the traditional 'folks' this time) are asking themselves is whether this cash machine still has room to run from here. It's the same story as other chains I cover, like Dine Brands ( DIN ) and MTY Food Group ( MTY:CA ). Sometimes Mr. Market only looks at same-store sales but forgets about long-term shareholder returns. Just to give you a quick look at what still matters a lot going into FY 2026: QSR Pizza is resilient during recessions/downturns and highly promotion-driven. Franchisees may even see a dip in margins, but Domino's can gain market share by running value promotions as it is doing in the U.S. and Canada ('Best Deal Ever') and the UK ('Price Slice'). New modular stores are protecting franchisee economies (only 720 sq ft costing £200,000 to £250,000, with a payback of just 2 years) and allowing them to expand inland along roads away from urban centers. Despite increasing SKUs along with in-store complexity, Domino's UK launched Chick ’N’ Dip and is already running it w...

hh5800/iStock via Getty Images Investment Thesis Perhaps, Nvidia’s ( NVDA ) latest earnings represented the point where the narrative around AI completely changed. For years, investors were thinking of Nvidia as primarily benefiting from hyperscaler AI spending and the growth in demand for its GPUs. What these earnings quietly showed, however, is that Nvidia has evolved into the foundational infrastructure layer in the world of AI. It is not only selling the chips anymore. The company started to monetize the entire AI factory stack that involves compute, networking, orchestration, sovereign AI deployments and even CPUs. Since my last coverage , NVDA is up 8% but it still hasn’t experienced the kind of explosive rerating many smaller AI stocks have seen this year. Considering that the annualized revenue run rate is reaching a staggering $400 billion, sovereign AI growth is already exceeding 80% and agentic AI is significantly boosting compute intensity per interaction, I think that there may be an element of misunderstanding how structurally big Nvidia’s opportunity truly becomes over the next decade. Data by YCharts How Nvidia’s Q1 Earnings Quietly Changed The AI Narrative If anything, Nvidia’s latest earnings showed that the company became something way more important than a provider of high-performance GPUs to hyperscalers. This time, Nvidia posted revenues up by 85% year over year to $82 billion with guidance for next quarter suggesting the company’s annualized revenue run rate reaching a whopping $364 billion ( $91 billion *4). It is important to note, though, that this earnings report has shown us quite a few other things. First off, the growth in the ACIE segment was much bigger than in hyperscaler revenue, where the latter came at $38 billion and the former at $37 billion. ACIE grew 31% over a quarter, whereas hyperscalers declined 14%. This quiet signals how much of a risk it might be to continue thinking of Nvidia as an undiversified vendor of chips depende...

Every quarter, the Securities and Exchange Commission (SEC) requires institutional investors with over $100 million in assets to list exactly what U.S. publicly traded stocks they own, how many shares they hold, and the total dollar amount of those positions. One company that investors follow religiously is Berkshire Hathaway (BRKA +1.48%)(BRKB +1.32%). Investors have finally caught a glimpse of what Berkshire bought and sold during the first quarter. The conglomerate trimmed several stocks from its portfolio, but its top three holdings remained steady: Apple (AAPL +1.38%), American Express (AXP +0.73%), and Coca-Cola (KO +0.38%). American Express is a quintessential Warren Buffett investment that Berkshire Hathaway has owned for decades, and there's one major reason why it remains a top holding after all these years. Expand NYSE : AXP American Express Today's Change ( 0.73 %) $ 2.25 Current Price $ 311.95 Key Data Points Market Cap $213B Day's Range $ 310.65 - $ 314.13 52wk Range $ 286.15 - $ 387.49 Volume 99.4K Avg Vol 3.7M Gross Margin 60.19 % Dividend Yield 1.09 % American Express boasts a strong economic moat In Q1, Berkshire Hathaway sold its entire stake in both Visa and Mastercard but continued to hold American Express. What separates American Express from its competitors is that it operates a closed-loop payments network, meaning it is the card issuer and network processor, and also holds and services its own credit card loans. This enables American Express to earn both network fees from transactions and interest income on its loans. Another advantage for American Express is its successful branding targeted toward high-net-worth, high-spend individuals. The company positions itself as a luxury card and offers customers rewards and benefits to reflect this. Benefits like Centurion Lounges, concierge services, and early access to ticket sales reinforce its status as a premium brand, rather than just a payment method. As a result, American Express cardholders ...

伊朗外交部长阿拉格齐今天（5月23日）在致黎巴嫩真主党总书记纳伊姆·卡西姆的信中强调，伊朗绝不会放弃对真主党的支持。阿拉格齐表示，伊朗将“黎巴嫩停火”作为任何协议的前提条件。这一原则至今仍是不可动摇的基石，是伊朗政府与人民合法诉求的核心，未来亦将如此。他明确表示，在伊朗通过巴基斯坦中间人提交的关于实现“永久且可持续停火”的最新提案中，已再次重申了必须将黎巴嫩包含在停火范围内的强制性要求。 (CCTV国际时讯)

Zerbor Corporate earnings this week featured a high-stakes lineup of reports from 19 notable companies across technology, consumer discretionary, industrials, and communication services. Earnings Roundup: Bottom Line: Out of the 19 companies reporting, all 19 exceeded EPS expectations. Notably, 15 of these companies posted year-over-year earnings growth. Top Line: Performance remained robust on the revenue front, with all 19 companies topping Wall Street estimates and successfully delivering top-line expansion. Seeking Alpha (Seeking Alpha) Let’s take a look at some of the companies that reported earnings this week: Analog Devices ( ADI ) posted r ecord fiscal second-quarter 2026 revenue of $3.62 billion (up 37% YoY) and a non-GAAP EPS of $3.09, both beating estimates on robust industrial and data center demand, while management issued upbeat Q3 guidance forecasting revenue of $3.9 billion and EPS of $3.30 at the midpoint. Deere & Company ( DE ) reported fiscal second-quarter 2026 worldwide net sales and revenues of $13.37 billion (up 5% YoY) and net income of $1.773 billion ($6.55 per diluted share), comfortably exceeding analyst expectations despite agricultural market headwinds, while reiterating its full-year net income guidance of $4.5 billion to $5.0 billion. Lowe's Companies ( LOW ) delivered a solid start to fiscal 2026 with total sales rising to $23.1 billion and adjusted diluted EPS beating projections at $3.03, supported by strong spring execution and Pro momentum, while reaffirming its full-year outlook of $92 billion to $94 billion in total sales. NVIDIA Corporation ( NVDA ) beat consensus expectations for fiscal first-quarter 2027, delivering an adjusted EPS of $1.87 against the projected $1.77 along with stellar top-line growth driven by a massive surge in hyperscaler AI infrastructure capex, while issuing forward guidance that signals sustained market dominance. Take-Two Interactive Software ( TTWO ) outpaced management's expectations for fiscal four...

TannySolt/iStock via Getty Images It takes patience for turnaround plays to turn the corner. Some take longer than others, and that’s why getting paid a dividend in the meantime is so important. Unlike hedge fund managers, retail investors only need to answer to themselves. As such, they are also positioned to reap the benefits as the tide turns on a stock so long as they stay in the game. This brings me to Americold Realty Trust ( COLD ), which I last covered back in January 2025. Admittedly, that call was too early as COLD has continued to face margin pressure since my last piece. That picture appears set to change for the better, as reflected by COLD climbing out of the $10-12 range to $14.81, at present, as shown below. COLD Stock 1-Yr Trend (Seeking Alpha) In this article, I revisit COLD including recent business results , and discuss why now may finally be a good time to pick up this name as it continues to recover, so let’s get started! Why COLD? Americold Realty is a global leader in temperature-controlled logistics and real estate. Its business supports the safe and efficient movement of food worldwide. It has 224 operating facilities across North America, Europe, Asia Pacific, and South America. COLD has deep relationships with top customers that span decades. This includes serving a range of producers and grocers like General Mills ( GIS ), Kraft Heinz ( KHC ), Tyson Foods ( TSN ), Conagra ( CAG ), and Walmart ( WMT ). COLD’s network is 90% owned and includes high-quality warehouses that are strategically located near population dense markets, as shown below. Investor Presentation COLD’s Q1 2026 results show improving conditions for the company. It delivered AFFO per share of $0.29. While this is down from $0.34 in the prior year period, it was above management and analyst expectations. Physical occupancy was flat YoY despite prolonged inventory destocking that’s pressured warehouse operators. Plus, inventory levels largely stabilized and pricing performa...

Modern financial markets are triggering cognitive dissonance among investors. On the one hand, we're seeing historical highs among stock indices. On the other hand, there are obvious signs of macroeconomic fatigue. As I detailed recently, looking at the valuation of inflation (through the prism of the Big Mac Index), the real U.S. economy, measured in physical base goods, has actually been in a hidden recession for the last 20 years. The stock market, however, has managed to more than double over this time. This systemic disconnect between Wall Street and Main Street generates some frightening statistical anomalies. In a previous article, I also analyzed the Buffett Indicator in detail, which reached an incredible 228%. According to classic theory, an indicator of 100% or higher points to overvaluation. That means a figure of 228% should signal of one of the most massive bubbles in history. Looking at these numbers, an army of analysts predicts an unavoidable catastrophe every day. But what if we're attempting to measure the modern digital economy by an old industrial yardstick? What if this is not a bubble but a fundamental, tectonic shift in the very nature of the structure of the economy? The Illusion of a Bubble: Detachment of Capitalization From GDP To understand why the Buffett Indicator broke, we need to remember the base math of investing. The stock market — capitalization — is not a derivative from gross domestic product (GDP) or aggregate revenue. The stock market always primarily values future earnings. In the industrial era of the 20th century, the share of corporate profit in the general volume of the economy was a relatively stable constant. If GDP grew, corporations sold more goods, their revenue grew, and profit increased proportionally. This is precisely why the Buffett Indicator worked — GDP was a reliable mirror for the valuation of future profits. But in the last two decades, this relationship has fallen apart. If we look at the price-to-earnings...

watch now VIDEO 11:15 11:15 Why Americans are cutting back on dating Markets and Politics Digital Original Video Inflation concerns are spilling into "date-flation" discussions online, as social media users react to a surprising stat: Millennials spend $252, on average, for a date. The figure, which CNBC reported on in April, comes from BMO Financial Group's 2026 BMO Real Financial Progress Index . The average "all-in" spend on a date in America — including pre-date grooming and gas money, as well as the cost of the date itself — has climbed to $189, up 12.5% from last year, BMO found. "Date-flation," as the report dubbed it, far outpaced the 2.7% inflation rise over the same period. Millennials reported the highest average cost per date and the largest year-over-year increase, according to BMO's year-over-year generational data: Gen Z: $205, up from $194 Millennials: $252, up from $191 Gen X: $173, up from $172 Baby boomers: $126, down from $127 The bank polled 2,501 adults in late December through January. Inflation has worsened since then. The consumer price index rose 3.8% year over year in April 2026, according to the latest Bureau of Labor Statistics reading. Read more CNBC personal finance coverage Could Trump Accounts be a model for Social Security? Here’s what experts say 'Survivor's penalty' can affect retirees after a spouse dies. What to expect This federal program trains older workers. The Trump administration wants to cut it Jeff Bezos says bottom half of earners should pay zero in income taxes CNBC's Financial Advisor 100: Best financial advisors, top firms ranked Higher costs are having a ripple effect on dating habits, experts say. "We're seeing that there is this increased cost of living, and it's lowering our dating frequency and how we're seeing or perceiving dating," Sabrina Romanoff, a clinical psychologist, told CNBC. "We're seeing people have fewer dinners out and there's a lower tolerance for higher-risk meetups." Half of Americans who date ...