Crisis is yet another reminder that reset in industrial policy is needed that includes one for energy that is more strategic The cost of energy for British business was a crisis even before the Iran war sent prices higher: the UK already had the highest electricity prices for industry among G7 countries. Now comes the next whack. How big will it be? Projections from the energy consultancy Cornwall Insight are steep for both electricity and gas. For the former, it thinks increases of 10%-30% are on the cards; for the latter 25%-80%. The ranges are wide because, unlike with households, there are no price caps for businesses. Contracts are a negotiation, more or less, between supplier and customer. Continue reading...

格隆汇3月26日｜伊朗外长阿拉格齐：伊朗向世界展示了“没有任何国家可以威胁其安全”。

捷蓝航空股价短线飙升18%，此前Semafor报道称该航司已聘请顾问，正在探索与竞争对手进行潜在合并的可能性。 据Semafor援引知情人士消息报道，这家尚未盈利的航空公司正与咨询公司沟通，评估若尝试与美联航、阿拉斯加航空集团或西南航空达成交易可能面临的反垄断审查。 知情人士向该媒体透露，并购规划尚处于早期阶段，捷蓝航空也可能最终决定不推进交易。 责任编辑：张俊 SF065

Pinterest (NYSE: PINS) is one of my worst performing stocks in 2026. *Stock prices used were the afternoon prices of March 23, 2026. The video was published on March 25, 2026. Continue reading

格隆汇3月26日｜伊朗外长阿拉格齐：没有与美国谈判。

Lande Spottswood, partner of M&A and capital markets at Vinson & Elkins, joins Dani Burger on "Bloomberg Deals." Saudi Arabia and Kuwait are attempting to press on with planned multibillion-dollar energy deals despite a widening conflict that’s seen Iran target oil and gas infrastructure across the Middle East over the past three weeks. (Source: Bloomberg)

The downloadable versions of Nintendo's first-party Switch games have always cost the same amount to buy, despite the costs of manufacturing and shipping physical releases. This was still true when the Switch 2 launched last year, despite persistent rumors and misinformation to the contrary . But that's finally, definitively changing later this year. Nintendo announced today that beginning in May and for new game releases going forward, the physical releases of new Switch 2-exclusive first-party games will cost more than the digital versions of the same game. That will start with the May 21 release of Yoshi and the Mysterious Book , which will cost $60 in Nintendo's online store but $70 for a physical copy. "Nintendo games offer the same experiences whether in packaged or digital format, and this change simply reflects the different costs associated with producing and distributing each format and offers players more choice in how they can buy and play Nintendo games," reads the company's brief announcement about the change . Nintendo notes that retailers are free to charge what they want for physical and digital games, but aside from sales or other promotions most tend to follow Nintendo's guidance on pricing. Read full article Comments

俄罗斯总统普京签署法令，自5月1日起禁止从俄罗斯出口超过100克的金条。 该法令包含一些例外情况，且不适用于商业银行。 该法令还限制自4月1日起从俄罗斯向欧亚经济联盟携带现金卢布的金额，折合不得超过10万美元。 责任编辑：李桐

RHJ/iStock via Getty Images Pan American Silver ( PAAS ) up 3.4% in Wednesday's trading after unveiling a new preliminary economic assessment for its La Colorada mine in Mexico outlining a $1.9B expansion plan that would transform the site into one of the world's largest silver operations. The PEA calls for building a new 15K metric tons/day processing plant while continuing to operate the existing vein mine, and the company projects average silver production of 15.8M oz/year during the first five years of full operation, starting in 2034, with an additional 3.3M oz from existing operations. The project targets a 37-year mine life following plant construction, processing an estimated 154.6M metric tons of mineral resources from skarn deposits, the company said. Initial capital for the La Colorada skarn project under a base case scenario is now forecast at US$1.9B, with an after-tax net present value of $2.6B and an internal rate of return of 17%, Pan American ( PAAS ) said, compared to a 2023 version of the project that estimated the cost at ~$2.8B with a $2.2B NPV. La Colorado accounts for more than 25% of Pan American's ( PAAS ) projected FY 2026 silver output, with production expected at 5.8M-6.25M oz of silver at an all-in sustaining cost of $33.25-$35.75/oz. More on Pan American Silver Pan American Silver: The Best Leveraged Bet On A Structurally Tight Silver Market Pan American Silver Has Outperformed Gold And Silver, And I Expect It To Continue Pan American Silver Presents at 35th BMO Global Metals, Mining & Critical Minerals Conference Transcript

意大利政府拟下调经济增长预期，这反映出波斯湾战火带来的冲击。 因讨论未公开消息而要求匿名的知情人士表示，预计在4月公布的预测中，2026年经济增长率可能从目前的0.7%下调至最低0.5%。由于相关数据仍在测算中，数字可能发生变化。意大利财政部回应置评请求称，做出任何预测为时过早。 若意大利经济不能从去年0.5%的增长中加快复苏，这可能会加剧总理梅洛尼的政治困境，此前她承认在意大利司法改革公投中落败。经济疲弱将使梅洛尼在明年大选前更难推进新的支出或减税措施。 责任编辑：李桐

白宫坚称与伊朗的和平谈判正在进行中，尽管德黑兰公开拒绝美方的提议并为结束冲突开出新条件。 白宫新闻秘书卡罗琳·莱维特周三告诉记者：“美国过去三天跟伊朗一直进行着富有成效的对话，德黑兰政权正在寻找退路。” 她补充道：“如果伊朗不能接受当前的现实，特朗普将确保他们受到前所未有的沉重打击。特朗普总统没有虚张声势，他已准备好‘释放地狱之火’。” 莱维特这番言论与伊朗官方媒体早些时候的声明大相径庭，后者公开拒绝特朗普推动谈判的努力。据伊朗国家电视台Press TV报道，德黑兰正在寻求自己的保障，包括美以今后不再实施打击、战争赔偿以及承认其对霍尔木兹海峡的主权。 特朗普周一为伊朗设定了五天的谈判期限。目前时限过半，关于谈判情况和达成协议的可能性仍存在诸多疑问。据知情人士透露，美国已起草了一份由巴基斯坦转交给伊朗的“15点和平建议”，凸显了特朗普政府急于解决这场由其与以色列共同发动的战争。莱维特周三表示，报道中的建议内容“有真实成分”，但警告不要对此类信源不明的计划妄加揣测。 美国副总统万斯可能会在本周末前往巴基斯坦参加伊朗会谈。当被问及该报道时，莱维特表示：“这是一个变动中的局势，在白宫正式宣布前，关于会议的猜测不应被视为定论。” 3月25日，科威特城科威特国际机场发生火灾，浓烟滚滚 随着战争接近四周，尽管双方都在通过言语博弈试图迫使对方妥协，但袭击并未停止。Press TV报道称，该国的布什尔核电站遭到攻击。 莱维特周三表示：“我们非常接近实现行动的核心目标，军事任务将持续不减。” 华盛顿已命令更多部队调往中东地区，部分部队预计在本周末前抵达。白宫坚称，特朗普保留采取进一步军事行动的所有选项。 据知情人士透露，美国的计划规定伊朗必须拆除主要核设施，并将削减后的导弹库仅用于自卫。作为回报，伊朗将获得一些让步，包括解除部分制裁。 周三，伊朗继续进行导弹和无人机袭击，尽管遭受了美以的持续轰炸，但几乎没有退缩的迹象。伊朗媒体称其向以色列发射了更多导弹，而沙特阿拉伯在东部拦截了一架无人机。 特朗普公开表示，任何和平协议都必须包括禁止伊朗获得核武器或进行民用铀浓缩。他坚称伊朗想要“达成协议”，特拉股票希望在周末前达成共识，但考虑到双方巨大的分歧，即使谈判正式开始，这一目标也极难实现。 目前尚不清楚美方的具体谈判对象，因为多名伊朗高层领导人及军方官员已在冲突中丧生。周一，Axios将伊朗议...

JasonDoiy/iStock via Getty Images ACRES Commercial Realty ( ACR ) has dipped 21% from its 52-week high to open up a substantial 37% discount to book value as the mREIT maintains a capital return plan that saw management buy back $10 million worth of its common shares during its fiscal 2025 fourth quarter. ACR does not currently pay a dividend, but its aggressive stock buyback program has driven a sustained reduction in its common stock outstanding. This has formed the primary lever of shareholder returns since the mREIT suspended dividends in 2019. ACR's weighted average number of common shares outstanding as of the end of its fourth quarter stood at 7,412,911 , a dip of around 6.4% from its year-ago comp against a broader trend of reduction. ACR does not make a good investment for income investors, as it's an mREIT without a dividend yield. The long-term bullish play here is that of a significant discount to book value from a growing portfolio of credit backed by U.S. multifamily properties. Data by YCharts The mREIT's CRE loan portfolio was valued at $1.83 billion as of the end of its fourth quarter, with this position primarily in U.S. multifamily credit at 81.9% of loans held for investment at amortized cost. This was up sequentially from 74.6% in the third quarter and was followed by office properties, which formed 12.7% of loans. Hence, ACR has pushed through a reduction in its office allocation versus the third quarter, when this formed 18.3% of loans. I last covered ACR in December, highlighting the disparity between the book value and common shares. This divergence has since expanded, with ACR's common shares down 20% since then, while its book value is up $0.38 per share sequentially. ACR's cadence with originations saw $540 million in new loans created during the fourth quarter, offset by $100 million in loan payoffs for around $440 million in net originations. This was a material jump from the third quarter, where $99 million of new originations were ent...

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks climbed Wednesday on optimism that tensions between the United States and Iran will continue to ease. The U.S. reportedly offered Tehran a 15-point peace plan, but it's facing some resistance on the Iranian side. Oil dropped a few dollars per barrel — global benchmark Brent crude was trading around $102 — while bond yields fell, too. Elsewhere in geopolitics, the White House said President Donald Trump plans to meet Chinese President Xi Jinping in China in May. When the two parties meet, we expect a sizable order of Boeing jets to finally be announced. It would be Club name Boeing's first major order from China in almost a decade, Reuters reported earlier this month . Every sector but energy traded higher on Wednesday, with materials, consumer discretionary, and industrials leading the way. Health care also outperformed thanks to a strong move in drug stocks like Club name Bristol Myers Squibb , which rallied over 2.5%. In technology, the red-hot memory chip stocks dropped after Google announced a new compression technique that its researchers claim can reduce the memory costs for large language models and vector search engines. For Google, this innovation could be an incremental positive for the company if it allows them to save on compute costs. Honeywell shares rose more than 2% after it announced it signed what it called a "groundbreaking supplier framework" deal with the U.S. Department of Defense. Honeywell is making a $500 million multiyear investment to upgrade its production capacity of critical defense technologies, which include navigation systems, missile actuators, and electronic warfare solutions. The agreement should provide a nice boost to Honeywell Aerospace's defense business, which will become an even greater focus to investors after it's spun off into a standalone compan...

The First Lady sees AI and robotics playing a prominent role in the future of American education.

格隆汇3月26日｜美国白宫发言人莱维特周三表示，如果德黑兰不承认该国已“在军事上被击败”，特朗普总统将对伊朗实施更猛烈的打击。莱维特表示，与伊朗的谈判仍在进行中。她补充道，“谈判仍在继续。正如总统周一所说，谈判富有成效，目前依然如此。”周二，多家媒体援引消息人士报道称，华盛顿向德黑兰提交了一份关于结束战争的15点计划。莱维特周三表示，这些报道的部分内容并不完全准确，但她未提供具体细节。莱维特说，“白宫从未证实过那份完整计划。其中确实有些内容属实，但我读到的一些报道并不完全符合事实，因此我不会在这里、在这个讲台上，代表总统进行谈判。”

I warned investors that BigBear.a i (NYSE: BBAI) stock was too expensive. Now that the price has crashed by almost half, I will answer if I think it is a good time to buy. *Stock prices used were the afternoon prices of March 22, 2026. The video was published on March 24, 2026. Continue reading

北京时间3月26日凌晨，美股周三尾盘维持涨势，标普500指数上涨0.6%。关于美国已向伊朗提交了一份结束冲突的计划的新闻导致原油价格暴跌。但伊朗军方暗示，有关美伊就结束战争进行谈判的说法是美方在自说自话。另据报道美国正在向中东部署陆军第82空降师。 道指涨329.97点，涨幅为0.72%，报46454.03点；纳指涨175.87点，涨幅为0.81%，报21937.77点；标普500指数涨40.49点，涨幅为0.62%，报6596.86点。 目前主要股指均已从早盘高位回落。周三早间，道指一度上涨超过520点。 一家知名财经媒体报道称，美国正在向中东部署陆军第82空降师。据两位知情人士透露，预计未来几天将有约1000名美军士兵部署到中东地区。这一消息传出之际，美国总统唐纳德·特朗普及其政府表示，美国正与伊朗进行谈判以结束冲突。 有报道称美国通过巴基斯坦向伊朗提交了一份15点提案以结束敌对行动，缓解了能源价格担忧，原油价格下跌超过5%，美股因此上涨。 据纽约的知名媒体援引两位不愿透露姓名的官员的话报道称，美国据信已向伊朗提交了一份结束战争的和平计划。该媒体称，这份15点计划是通过巴基斯坦递交的。可以肯定的是，双方立场似乎仍相距甚远，且来自双方的袭击仍在继续。 有关和平计划的报道传出之前，美国总统唐纳德·特朗普周二早些时候表示，美国“目前正在”与伊朗进行谈判。他补充说，德黑兰方面“讲道理”，并暗示其渴望达成和平协议。 但伊朗军方暗示，华盛顿方面在声称与德黑兰进行结束战争的谈判时，可能是在自说自话。 周三，在伊朗国家媒体表示该国不会接受美国的停火努力后，股指期货从高位回落。 伊朗媒体报道了伊朗开出结束战争的五个条件：1．全面停止敌方的“侵略和暗杀”。2．确保不再对伊朗发动战争的具体保证。3．有保障且明确界定的战争赔款。4．结束所有战线的战争，包括该地区所有抵抗组织的战争。5．国际社会承认和保证伊朗对霍尔木兹海峡的主权。 与此同时，周三油价大幅下跌。西德克萨斯中质原油期货下跌4%，至每桶88美元左右。国际布伦特原油期货也下跌4%，至每桶99美元左右。随着油价下跌以及和平前景的出现，美国国债收益率也大幅下挫。 派珀桑德勒首席投资策略师Michael Kantrowitz周二表示：“我们继续认为这只是一个由油价驱动的单一变量市场。石油和利率正在推动股市。就目前而言，我认为市场定价与...

AT&T Inc. (NYSE:T) is one of the best undervalued stocks under $50 to invest in now. AT&T Inc. (NYSE:T) and Cisco announced on March 17 a notable step forward in the evolution of AI‑driven IoT, combining edge AI compute, intelligent networking, and zero‑trust security to allow real‑time decision‑making across distributed, mission‑critical environments with NVIDIA AI […]

This financial update included industry discussions that will help inform investor decision-making on a broad spectrum of tech stocks. *Stock prices used were the afternoon prices of March 22, 2026. The video was published on March 24, 2026. Continue reading

Toucanstudios | E+ | Getty Images Single women have long outpaced single men as homebuyers — and they may be pulling ahead financially as well. Among first-time buyers, single women have a median income of $73,000 compared with $66,400 for single men, according to the National Association of Realtors' 2025 Profile of Home Buyers and Sellers , which analyzed transactions made between July 2024 and June 2025. The prior year's report recorded median income of $73,100 for women and $87,500 for men, which continued a long-term trend of male buyers outearning their female counterparts. While it's uncertain whether the flip is the start of a new trend, this is the first time the organization has found that the income disparity favors women, said Jessica Lautz, deputy chief economist and vice president of research for NAR. More from Women and Wealth: More women pursue skilled trades — here's what some said about their experience Older women may inherit most of $54 trillion in spousal 'great wealth transfer' Couples often miss this 'overlooked tax break' for retirement savers: CFP Women and the K-shaped economy: Lower pay, affordability issues reduce spending Poor coordination can cost couples an average $14,000 in retirement wealth 93% of women are stressed about money. Building a cash reserve can help How to prepare for the ‘survivor’s penalty’ before a spouse passes The shift comes as single women account for 25% of first-time homebuyers, compared with 10% for single men. In 1985, those figures were 11% and 9%, respectively, according to the research. Among all homebuyers, 21% are single women and 9% are single men. "I think [single women] understand how homeownership is a wealth-building tool. They make sacrifices," Lautz said. Women still lag behind men when it comes to pay Nevertheless, men still out-earn women overall, according to the Pew Research Center . In 2024, women earned an average of 85% of what men earned, according to the organization. In 2003, that figure ...

jittawit.21/iStock via Getty Images By Peter C. Earle Private credit is emerging as a key force tightening financial conditions. That feedback loop amplifies macro headwinds. The strains emerging in the roughly $3 trillion private credit market are no longer isolated anecdotes; they are coalescing into a coherent signal of tightening financial conditions at precisely the wrong moment for the broader economy. As discussed previously , a growing list of developments has unsettled investors. Now, on top of those at Blue Owl Capital, Apollo Global Management, and Morgan Stanley’s North Haven Private Income Fund , JPMorgan Chase has begun marking down private credit loans . Concerns have gone international. These are not systemic failures, but they do mark the transition of private credit from a benign, yield-enhancing allocation into a market experiencing its first meaningful credit cycle. The sector, which expanded rapidly after the Global Financial Crisis as banks retreated from riskier lending, now faces the test of higher rates, weaker borrower fundamentals, and more discerning capital. It is critical to mention ( or reiterate ) that this is not shaping up as a 2008-style solvency crisis. The private credit market is small, leverage is generally lower, and there is little evidence of the kind of widespread fraud or securitization opacity that defined the subprime mortgage crisis. But that comparison risks missing a more relevant dynamic: private credit is a tightening mechanism. Its problems do not need to trigger bank failures to matter. Instead, they transmit stress through funding channels, into refinancing constraints, and ultimately into valuation pressure. Banks’ exposure — variously estimated from under $100 billion to potentially near $1 trillion globally when commitments are included — creates a feedback loop whereby losses or even perceived risks in private credit lead to tighter lending standards broadly. The nature of that tightening is not to remain con...

This fantastic business has been on my radar for years, but has persistently traded at expensive valuations. Due to the recent broad market sell-off, I finally upgraded this stock to a buy. *Stock prices used were the afternoon prices of March 22, 2026. The video was published on March 24, 2026. Continue reading

Citadel Securities posted a record $12.2 billion in trading revenue last year, as the market-making arm of billionaire Ken Griffin’s empire continues in its bid to compete with the largest trading desks globally. Katherine Doherty reports. (Source: Bloomberg)

Senate nominee in Texas James Talarico says ‘Christian nationalism kills’ in response to Brooks Potteiger remark James Talarico, the Texas Democratic state representative and Presbyterian seminarian, has said he forgives Pete Hegseth’s pastor for praying for his death. On Tuesday, Texas’s popular Democratic nominee for a US Senate seat pushed back against comments from Brooks Potteiger, the defense secretary’s closest spiritual adviser , who said: “We want him crucified with Christ.” Talarico said on X: “Jesus loves. Christian Nationalism kills. You may pray for my death, Pastor, but I still love you. I love you more than you could ever hate me.” Continue reading...

格隆汇3月26日｜据Business Insider：xAI联合创始人Kroiss在备受瞩目的IPO前夕离职。

Compagnie Lebon résultats annuels 2025 : hausse du résultat net et de l’ANR. Dividende proposé de 12€, dont 4€ à titre ordinaire et 8€ à titre exceptionnel