格隆汇3月7日｜英国《金融时报》援引知情人士称， 英国央行正在就银行对已倒闭的英国抵押贷款机构Market Financial Solutions Ltd.（MFS）的风险敞口进行问询。报道称，央行审慎监管局（PRA）已要求包括巴克莱在内的多家银行提供更多信息。

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)

piyaset/iStock via Getty Images Thesis Regenxbio ( RGNX ) has just reported a 4Q25 GAAP EPS of -$1.30, a figure that missed analyst expectations quite a bit by about $0.36. Elsewhere, revenue for the quarter reached $30.34 million, about $15.14 million below estimates despite actually increasing 43% year-over-year. It was a pretty big earnings miss. I think we can put it down to the hefty spending on clinical development and operations, with the company advancing a few late-stage gene therapy pipelines. As you know, this stock has had a rough couple of months. I initiated coverage back in mid-September and was buy-rated into late January. However, shares peaked at about the $15 range when we got some pretty bad news about a hold being placed on their RGX-111 and RGX-121 candidates. First, we got the upsetting news that they found a tumor in a pediatric trial participant. They found it during a routine MRI, and what made things worse was that it was in a 5-year-old who had received treatment for Hurler syndrome about four years earlier. Upon the news, there was a big sell-off in the market, but at the time, there was still a lot of uncertainty surrounding the continuation of the programs. We then got the news of a CRL, which further hurt the stock going into earnings. So there is a lot to go over here in terms of assessing Regenxbio's position in early 2026. A hold turned into a CRL I think at the time, the FDA got a bit worried as there were similarities between the products and the patient populations. Both therapies use AAV-based gene delivery, and both target lysosomal storage disorders. Regenxbio targets a young pediatric patient population here and those with long life expectancy. So the FDA extended the hold to the separate Hunter syndrome program, also just to be safe. We cannot blame them for this. The worry was that there was a possibility of this being a class-wide safety risk. That can be concerning because, for me, that means the regulators could be worr...

Barely a week after posting record numbers for 2025, shares of Newmont (NEM +0.60%) are getting punished. The gold stock plunged this week, dropping 13% at its lowest point in trading through 11 a.m. ET Friday. You'd expect the price of gold, a "safe haven" asset, to rise amid the ongoing conflict in the Middle East. Instead, gold has fallen this week, pulling Newmont shares along with it. Here's what you need to know. Newmont is feeling the gold heat Gold is recouping some of its losses Friday morning even as I write this, as weak labor market data for February has raised fears of an economic slowdown. Gold prices, however, fell sharply through the week, hovering close to all-time highs of $5,417 per ounce earlier in the week before dropping to below $5,100 an ounce on Thursday. Gold is falling partly because the U.S. dollar has strengthened, making the yellow metal more expensive for global buyers. Rising U.S. Treasury yields have also made bonds an attractive alternative to gold, hurting demand and sending gold prices lower through the week, rather than higher as one might expect during a major geopolitical event like a war. Expand NYSE : NEM Newmont Today's Change ( 0.60 %) $ 0.70 Current Price $ 116.79 Key Data Points Market Cap $126B Day's Range $ 113.12 - $ 117.58 52wk Range $ 42.03 - $ 134.88 Volume 2.9M Avg Vol 9.8M Gross Margin 49.78 % Dividend Yield 0.87 % As the world's largest gold producer, Newmont's fortunes are tied closely to gold prices, which is why its stock has felt the March heat so far. What should you do with Newmont stock now? Investors shouldn't panic-sell Newmont stock. Newmont is on solid footing, generating a record $7.3 billion in free cash flow and repaying a large chunk of debt in 2025. To be sure, Newmont expects its gold production to drop by nearly 10% this year, which means gold prices must rise, not fall, for the miner to maintain its growth pace. Staying the course in precious metal stocks, however, requires a high tolerance for...

In this article MRVL Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 2:25 02:25 Strong guidance boosts Marvell shares Money Movers Marvell shares popped 18% on Friday as the company posted an earnings beat and issued strong guidance, expecting strong artificial intelligence demand to continue. The semiconductor company reported adjusted earnings of 80 cents per share for the quarter, exceeding the 79 cents per share expected by analysts polled by LSEG. The company reported $2.2 billion in fourth-quarter revenue, topping a forecast of $2.1 billion. "Look at our results that we're guiding. Look at our outlook for this year. Look at our outlook for next year. Do you see me blinking? You don't," CEO Matt Murphy told analysts on the earnings call. Murphy said in a release that the company expects year-over-year revenue growth to accelerate in each quarter of 2027. For Q1 2027, the chipmaker expects revenue of $2.4 billion, +/-5%. Wall Street expected $2.27 billion. The company's revenue for data centers in fiscal 2026 surpassed $6 billion, an increase of 46% from last year. CNBC's Kristina Partsinevelos contributed to this report. Read more CNBC tech news 5 unresolved questions hanging over the Anthropic–Pentagon fracas: 'It's all very puzzling' Amazon's Bahrain data center targeted by Iran for support of U.S. military, state media says Broadcom CEO Hock Tan sees AI chip revenue 'significantly' above $100 billion next year Defense tech companies are dropping Claude after Pentagon's Anthropic blacklist Nvidia CEO Huang says $30 billion OpenAI investment 'might be the last' Stock Chart Icon Stock chart icon Marvell one-day stock chart.

matdesign24/iStock via Getty Images It appeared to me that the Federal Reserve basically worked to stabilize the financial markets last week. The "war" in the Middle East...the war with Iran...dominated the news. The Federal Reserve acquired almost $15.0 billion in securities in the past banking week. Securities Held Outright (Federal Reserve) One could argue...and I will...that the Federal Reserve was responding to the global events by making sure that U.S. commercial banks had plenty of liquidity to handle any market disruptions that might result from actions generated by the "war". Concern about the future of the economy has also been raised given the recent Wall Street Journal report on job losses. In February, Justin Lahart reports, the U.S. economy lost 92,000 jobs. Economists had expected that the job market would add 50,000 new jobs in the month. The actual result was quite a surprise because the economy had added 126,000 new jobs in January. Furthermore, the unemployment rate in February rose to 4.4 percent from 4.3 percent in January. This change is causing economists to revise their expectations about when the Federal Reserve will need to lower its policy rate of interest. In the past month or two, the feeling seemed to be that economists believed that the need for further reductions in the Federal Funds rate was declining. So the Fed's strategy for how much quantitative easing was now necessary seemed to be changing. Maybe the Fed needed to supply more liquidity to the banking system and to consider further reductions in the Federal Funds rate. The immediate market response was a decline in the stock market. By 10:00 am on Friday morning, March 6, the Standard & Poor's 500 stock index had fallen by 100 points. This is obviously a situation that needs watching. The "war" and its financing, of course, create the greatest uncertainty. But there are a significant number of other factors that are also contributing to the uncertainty now being generated. Keep ...

Appeals Court Rules Trump Can Suspend Refugee Admissions Authored by Matthew Vadum via The Epoch Times, President Donald Trump has legal authority to indefinitely suspend the admission of foreign nationals who are trying to enter the United States through its refugee resettlement program, a federal appeals court ruled on March 5. Trump froze refugee resettlement programs as he took office in January 2025. A three-judge panel of the U.S. Court of Appeals for the Ninth Circuit issued the new opinion in the case known as Pacito v. Trump. The panel overturned most of the injunctions that Seattle-based U.S. District Judge Jamal Whitehead issued in February 2025. The judge had blocked Trump’s move to suspend the refugee resettlement program indefinitely, finding the president had gone beyond his legal authority by pausing the program. In March 2025, the Ninth Circuit paused most of Whitehead’s rulings in favor of the plaintiffs and allowed Trump’s policy to be enforced while the litigation played out. Trump signed Executive Order 14163 on Jan. 20, 2025. It said that the entry of refugees into the United States under the U.S. Refugee Admissions Program (USRAP) would be detrimental to the country and that the entry of refugees under the program should be suspended. In Executive Order 14169, signed the same day, Trump directed that funding be suspended for the processing of applications from individuals outside the United States seeking refugee status. He also cut off funding for domestic settlement services for refugees who have been admitted to the United States. In the new ruling, Circuit Judge Jay Bybee noted that the plaintiffs consisted of refugees recently admitted to the United States and refugees approved for U.S. resettlement but who are outside the country. Also among the plaintiffs were U.S.-based individuals seeking admission for family members or sponsees, and three organizations that had agreements with the U.S. Department of State to provide overseas processi...

ipuwadol More “bugs” are coming out of the woodwork as the private credit market is experiencing increased fund redemption pressures after BlackRock ( BLK ) joined the group of investment managers curbing withdrawals , said Mohamed El-Erian, chief economic adviser at Allianz. “From valuation gaps and liquidity strains to poor underwriting and fraud, more ‘bugs’ are coming out of the woodwork,” he said. “The big question for markets and the real economy is whether we're just dealing with cockroaches…or are these termites posing systemic risks?” Bank loans were close to a “credit event” territory earlier this week, with the Invesco Senior Loan ETF ( BKLN )’s 200-day moving average near the tariffs shock lows. The ETF is currently -0.4% and -1.38% from a month ago. BKLN Senior Loan ETF and 200-day moving average (BofA Global Investment Strategy, Bloomberg) El-Erian said he suspects these woes are “not a termite issue” but urged investors to keep an eye on private credit’s interactions with other market excesses: “elements of an AI bubble, vulnerabilities in certain segments of the global bond market, etc.” Previously, JPMorgan Chase CEO Jamie Dimon warned that the $3T private credit market could precede an event such as the 2008 financial crisis, as aggressive and under-regulated lending could lead to economic downturns or recessions. “Unfortunately, we did see this in '05, '06, and '07—almost the same thing—the rising tide was lifting all boats, and everyone was making a lot of money. I see a couple of people doing some dumb things. They are just doing dumb things to create net interest income," he said in February. Michael Hartnett, chief investment strategist at BofA, recently noted that as software troughs, private credit and bank loans trough as well. “[It’s] crucial IGV ( IGV ) holds $80 & BKLN ( BKLN ) holds $20 [from the] Feb lows,” he said. More on Invesco Senior Loan ETF BKLN: Leveraged Loans May Diversify Risk For Fixed Income Investors BKLN: Low Carry Persp...

美联储理事米兰：石油冲击可能会通过伤害需求来拖累核心通胀。 美联储通常不会对油价做出反应。 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。

在客户赎回请求激增后， 贝莱德 限制了其一只大型私募信贷基金的资金赎回，这是投资者对规模达1.8万亿美元的私募信贷行业感到不安的最新迹象。 该公司旗下规模260亿美元的HPS企业贷款基金周五在声明中表示，股东提出赎回其所持份额的9.3%，但管理层决定将回购比例上限设定为5%。根据计算，被要求回购的份额总价值约12亿美元，但投资者实际收回的资金将仅约6.2亿美元。 这是自去年年底以来，大型私募信贷基金中最明确的一次限制投资者赎回的案例。当时，在多起备受关注的爆雷事件引发对放贷标准的担忧后，投资者对这一资产类别愈发谨慎。此前，许多机构一直选择满足较高的赎回需求，或通过其他方式向投资者返还资金。 该公司在声明中表示，此举与其旗舰直接贷款零售产品HLEND现行的流动性管理策略一致，是该投资产品的“基础性”特征。 声明称，“若无此机制，投资者资本与HLEND所投私募信贷贷款的预期期限将存在结构性错配。” 贝莱德股价周五早盘在纽约下跌逾7%，另类资产管理公司KKR & Co．及阿瑞斯管理公司也面临类似跌幅。 责任编辑：李肇孚

格隆汇3月7日｜迈威尔科技(MRVL.US)盘中大涨超19%，报90.23美元。消息面上，公司最新财报业绩和营收展望双超市场预期。

专题：美国劳动力市场惊现“倒春寒” 2月非农意外录得负增长 市场普遍预计，美联储官员在 3 月 17—18 日下次会议上仍将维持利率不变。 周五公布的最新数据显示，月度就业增长大幅下滑，令美联储陷入艰难处境 —— 与此同时，中东冲突不断扩大，通胀担忧加剧。 2 月就业报告显示，当月雇主 削减 9.2 万个岗位 ，失业率小幅升至 4.4% 。另一个预警信号是，12 月和 1 月的就业增长数据合计下修 6.9 万人 。 这份数据发布时，恰逢美联储 3 月 17—18 日政策会议前的 噤声期 即将开始。市场仍普遍预计，美联储将把利率维持在 3.5%—3.75% 区间不变，延续自 1 月开始的暂停加息周期。但联邦基金期货市场显示，部分投资者已将下一次降息的预期时间从 9 月提前至 7 月。 芝加哥联邦储备银行行长 奥斯丹・D・古尔斯比 周五在采访中称，2 月报告是一份 “艰难” 的报告，但他提醒不要过度解读单月数据。他强调，恶劣天气和罢工可能拖累了招聘，并指出 4.4% 的失业率与去年同期基本持平。 但他也承认：“如果开始看到失业率像衰退初期那样持续上升，那将是个糟糕信号。” 旧金山联储行长 玛丽・C・戴利 也表达了同样担忧，她周五对 CNBC 表示，劳动力市场依然脆弱。 “此前认为劳动力市场正在企稳的希望，或许过于乐观了，我们必须密切关注劳动力市场。” 戴利说。 美联储官员最担心的是 就业市场走弱 + 高通 胀并存 的局面，这会让美联储的双重目标相互冲突。这一担忧在特朗普去年重返白宫后对贸易伙伴加征大量关祱时首次出现。官员们当时就预判会出现通胀上升、增长放缓，后来确实应验，只是程度没最初担心的那么严重。 古尔斯比周五表示：“如果就业市场和通胀同时恶化，我很难确定应该立即采取什么应对措施。” 他表示，如果中东冲突及近期能源价格上涨只是 暂时性供给冲击 、战争持续时间较短，美联储可能不会对此做出反应。但考虑到通胀已连续约五年高于美联储 2% 的目标，冲突长期化可能带来麻烦。 “通胀在 3% 或更高水平持续的时间越长，危险就越大。” 他说。 在下个月政策会议前，决策者将拿到两份新的通胀报告： 下周三发布的 2 月消费者价格指数（CPI） 下周五发布的美联储首选通胀指标 ——1 月个人消费支出（PCE）价格指数 同日还将公布 1 月职位空缺数据。 到目前为止，官员们普遍认为，在去...

Jefferies believes that in the new world order of agentic artificial intelligence, retail companies adopting technology to increase personalization and product innovation will have a leg up over their competitors. "AI is reshaping retail by shifting discovery and purchase decisions to agentic intermediaries, raising the bar for brand relevance and execution," Jefferies analyst Randal Konik wrote in a note to clients. "When generating recommendations, AI agents prioritize product superiority, distinct design, pricing architecture, and post-purchase services," he said. "Retailers must ensure their product data and positioning are optimized across AI agents or risk being de‑prioritized by algorithms, reducing consumer visibility and gradually eroding online traffic and conversion." The pace of AI adoption will help separate the winners and losers in the sector, according to Konik, as the laggards are deprioritized by algorithms, thereby reducing consumer visibility and, over time, eroding online traffic and conversion. Brand personalization will be a core competitive lever, he said, with the companies deploying AI across pricing, marketing and recommendations able to see stronger conversion, market share consolidation and higher traffic versus peers. Konik pointed to gym operator Planet Fitness as a prime operator. "PLNT is leveraging AI‑driven [customer relationship management] and predictive churn models to strengthen retention, personalize workouts, and target content across its large member base, deepening engagement and lifetime value," Konik said. The analyst's $175 price target implies 119% upside for the stock from Thursday's close. Jefferies' price target is the highest on Wall Street, according to LSEG. Online fashion retailer Revolve Group is another stock Konik favors, as the company has done a good job using AI to accelerate product innovation and drive differentiation. He sees shares rising about 62% from here. Revolve has replaced its third-party search ...

The invention of electricity made menial jobs like the lamplighter, the elevator operator, and the knocker-up, the human equivalent to the modern alarm clock, irrelevant. The computer rendered the data entry clerk, the switchboard operator, and file clerks obsolete. Anthropic, the artificial intelligence (AI) company that emerged in 2026 as an existential threat to billions of market value, with each breathtaking new capability from its Claude model, is back with a warning about just how obsolete AI tools could make whole swathes of work. The AI giant, founded by former OpenAI workers who were obsessed with AI safety just as much as advancement, has been a thought leader on AI risk as much as advancement, and just published a study with the most detailed map yet of which jobs AI is actively performing versus which it merely could perform. The gap between those two numbers is both reassuring and alarming, depending on your line of work. In a report entitled “Labor market impacts of AI: A new measure and early evidence,” authors Maxim Massenkoff and Peter McCrory found that actual AI adoption is just a fraction of what AI tools are feasibly capable of performing. AI can theoretically cover most tasks in business and finance, management, computer science, math, legal, and office administration roles. However, in most sectors, actual adoption—which the researchers measured using work-related usage data from Anthropic’s AI model Claude—is just a fraction of what’s theoretically capable. Business leaders have for months heeded warnings about AI’s ability to replace white-collar jobs. Anthropic CEO Dario Amodei last year said the technology could disrupt half of entry-level white-collar work. Microsoft’s AI chief, Mustafa Suleyman, made a similar prediction, estimating most professional work will be replaced within a year to 18 months. The researchers attribute that lag to existing legal constraints and technical hurdles such as model limitations, the necessity of addition...

If you've spent more than five minutes driving an electric vehicle, chances are good you're a convert. But most people haven't driven an EV, and surveys show that many are scared to consider ditching internal combustion engines for something that plugs in because of concerns about battery reliability. It's easy to see why—if you don't follow the field that closely, you'll have missed some serious technology advances over the last few years. Early EVs indeed suffered from lithium-ion battery degradation over time, similar to the energy storage loss common in lithium-ion-powered consumer electronics. But modern EV batteries aren't the same as the ones in your toothbrush or that old tablet that lasts just a few hours. With modern EV battery management systems and active thermal control—liquid cooling, in other words—range loss shouldn't be more than about 2 percent per year. A new study from researchers at the University of Michigan provides a clear illustration of this progress. We all know the planet is undergoing human-caused warming, and a warm world is worse for EVs in a couple of ways. Read full article Comments

Microsoft (MSFT) shares are down an outsized 14% in 2026. For patient and longer-term MSFT stock investors, that means now is the time to get in the game with a protective, bullish collar spread. Microsoft 365. Windows OS. Microsoft Copilot. Azure. Xbox, or even Solitaire. From allowing individuals and companies to be more productive, and at other times, less so, diversified tech giant Microsoft is everywhere. Yet despite the company’s importance in our digital lives, as an investment, MSFT stock has looked less influential over the past several months. Shares of MSFT stock have declined as much as 31% from last July’s all-time-high. That’s more than double this year’s price drop. What’s behind the relative and absolute price weakness of Microsoft’s bear market cycle? In recent weeks, pressure has been directed at hefty capital expenditures tied to Microsoft’s artificial intelligence (AI) data centers and forecasts of continued spend that could reach $200 billion in fiscal 2027 . Bears have also enjoyed control over MSFT stock as a “ SaaS Apocalypse ” has gripped Wall Street. The threat of AI agents making tech companies with software subscription business models obsolete lopped more than $1 trillion off the subsector during the height of February’s panic. About Microsoft Shares Today It’s not all bad news for MSFT stock, though, if investors can look past the headline scares. The fact is today’s threatening narratives have allowed shares to trade at levels that historically are deep in value territory when reviewing popular financial metrics. The following include just a few of the many heavily discounted ratios found in today’s MSFT stock: Price-to-Sales (P/S) ratio of 9.15 trades 17% below Microsoft’s 5-year 11.07 P/S multiple P/E GAAP at 23.49 sits 25.60% below the 5-year average of 31.58 Forward Price-to-Cash Flow of 18.35 trades -23.45% a 5-year 23.98 multiple A 1.69 PEG ratio of 1.69 is priced 28.56% below the 5-year average of 2.37 And let’s not forget, Micr...

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stockcam/iStock Unreleased via Getty Images Investment Thesis Although Duolingo, Inc. ( DUOL ) has declined ~50% since my last coverage , sentiment is now broadly negative, and expectations appear fully reset, suggesting the stock may be approaching a sentiment-driven bottom despite intact fundamentals. Duolingo has ~$1.1 billion in cash with low leverage, ~72% gross margins, and strong free cash flow, which allows the company to focus on user growth. Duolingo is intentionally reducing monetization barriers to reaccelerate Daily Active Users (DAU) towards the 100 million target by 2028, even if this hurts FY26 bookings growth. As the company continues to benefit from the expansion of AI features and learning verticals, the pullback could be a reinvestment period for the company. The 65%+ decline in the past year in DUOL was largely the result of valuation compression, a strategic pivot in prioritizing user growth over monetization, and increased concerns over the impact of AI tools on language learning apps. Weak 2026 guidance, including lower bookings, revenue, and margin growth, also contributed to the sell-off. If the investments in the free tier pay off and start growing daily users and monetization again, the stock could re-rate. Early signs of this could be seen within the next 12 to 18 months, and the full recovery could take the next 2 to 3 years. Data by YCharts 100 Million DAUs And Stabilizing 25% EBITDA Margin By 2028 As I see it, Duolingo has a solid financial base with high liquidity, strong profit margins, and positive cash flow. This financial base may shield Duolingo during periods of operational shifts and push it for aggressive reinvestment into product development without external financing. The FY25 results indicate Duolingo holds a cash position of $1.12 billion against a total debt load of $97.32 million . In my view, this net cash position provides a high buffer against market volatility. Also, Duolingo’s management authorized a $400 million s...

I normally wouldn't want to bet against a powerhouse like Google (GOOG) (GOOGL), given its almost monopolistic characteristics and what seemed, until recently, an unending positive cash flow and bankroll. But the cost of staying on top keeps rising. Just this week, Google and other artificial intelligence (AI) hyperscalers pledged to join the White House’s “ratepayer protection pledge” – which Politico dubbed the “build your own power plant pledge” – to provide power for the AI buildout. Adding onto this, Google joined the likes of corporate giants such as Amazon (AMZN) and JPMorgan Chase (JPM) to sign a $100 million effort to fund projects that cut climate superpollutants such as methane, black carbon, and refrigerant gases. The campaign, called the Superpollutant Action Initiative, is set to supply financing through 2030. For a taste of what it might mean, Axios reports , “Randy Spock, Google's carbon credits and removals lead, cited potential project areas like cutting landfill methane and stemming the release of refrigerant gases when HVAC systems are replaced.” And it seems the market is starting to take notice of all this extraneous spending. Google has spent the longest stretch beneath its 50-day moving average since early 2025, and is now knocking on the critical December 2025 low around $296 for the third time. As I said before, it's difficult to bet against a stock that’s not only a Magnificent 7 leader, but is so deeply ingrained in the "Buy the Dip" investor mentality. But on the other hand, key technical indicators like the RSI and MACD are showing negative momentum for GOOGL, and have fallen below levels that would be considered supportive of an uptrend. And with GOOGL clearly below the weekly Bollinger Band mean ($308), and the benchmark 200-day moving average at $253, this seems like a low-risk, higher-reward, high-probability trade to me. Looking at the April monthly options expected move, it's clearly inside that lower-range target. To capitalize o...

"While Al Fayed is no longer alive to face prosecution, we have always been determined to bring anyone who is suspected to have played a part in his offending to justice," Craggs added.

据悉英国央行就MFS风险敞口问询银行 巴克莱在列 2026-03-07 00:36:03 来源： 同花顺7x24快讯 分享 英国《金融时报》援引知情人士报道称，英国央行正在就银行对已倒闭的英国抵押贷款机构Market Financial Solutions Ltd.(MFS)的风险敞口进行问询。报道称，央行审慎监管局(PRA)已要求包括巴克莱在内的多家银行提供更多信息。

A Hollywood-themed propaganda video released by the White House promising “justice the American way” for Iran features movie stars from Australia, New Zealand and Canada, and promotes characters including a corrupt lawyer, a drug dealer and a freedom fighter who stands up to the overwhelming force of an invading foreign army. The 42-second video posted on the official X account of the White House on Thursday was met with almost universal mockery online, with comments accusing the Trump administration of immaturity, and likening its social media strategy to one run by teenagers. The sequence opens with a scene from Iron Man 2, with Robert Downey Jr’s character Tony Stark the first of a number of featured superheroes. “Wake up, Daddy’s home,” he says as he claps his hands to activate a bank of computers. Downey Jr has been a vocal critic of Trump, and actively campaigned for his Democratic opponent Kamala Harris during the run-up to the 2024 presidential election. The next two actors, Russell Crowe in Gladiator, and Mel Gibson in Braveheart, are from New Zealand and Australia, respectively, although the latter was born in New York before moving to Sydney with his family as a child. Both movies have a premise of small, seemingly helpless entities defying powerful, empirical forces who seek to subdue them, with Gibson as the Scottish freedom fighter William Wallace resisting the invading English army. The next character to appear, after a short clip of Tom Cruise as the macho fighter pilot Maverick in Top Gun, is Jimmy McGill, an attorney with questionable ethics from the long-running TV series Breaking Bad, and its spin-off prequel Better Call Saul. The lawyer, played by actor Bob Odenkirk, is best known for defending teacher turned methamphetamine producer Walter White, after his alter ego Saul Goodman evolves into an unscrupulous and moral-free con artist. “You can’t conceive of what I’m capable of,” he screams in the White House edit. Next comes Keanu Reeves, who wa...

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Investors know what Warren Buffett's favorite stocks are. He often talks about Coca-Cola and American Express, his two longest-held stocks, and he recently added Apple as a stock he'd never (fully) sell. But Berkshire Hathaway has a full list of about 45 stocks, and some of them don't get enough attention. Consider Ulta Beauty (NASDAQ: ULTA). This is a new Buffett stock, and he and his team were likely drawn to it right now because of its cheap price. But obviously, there's a lot more to the investing thesis than that. Let's take a closer look. A huge market opportunity Ulta isn't a surprising Buffett stock. It fits most of the typical Buffett criteria: excellent management, a dominant position in its industry, a competitive edge, and a cheap price. It operates a national chain of beauty stores, but it's differentiated in its model, and customers love it. Ulta bridges the gap between mass brands, traditionally sold in pharmacies and discount stores, and luxury brands, typically sold in upscale department stores. It caters to the beauty enthusiast by housing 600 brands under one roof and on its website. It also offers beauty services, making it a complete, one-stop beauty shop. The full range of products and services increases overall engagement and loyalty, and Ulta has skyrocketed to the top of the industry. Beauty is a fast-growing industry with sales increasing 10% year over year globally in 2023, according to McKinsey. Sales surpassed expectations and as well as other industries like apparel. In the U.S., Ulta's domain, sales were up 9%. McKinsey expects sales to increase at a compound annual growth rate (CAGR) of 6% through 2028. Beauty enthusiasts account for 83% of beauty product dollars spent, putting Ulta squarely in the middle of growing trends. Ulta believes there are 70 million such enthusiasts in the U.S., and it continues to attract them to its loyalty program, which reached 43 million last year. They represent 95% of Ulta sales, and this gives the com...

作者：吉娜・雷蒙多 雷蒙多女士曾担任拜凳政府商务部长、第 75 任罗得岛州州长。 20 世纪 80 年代，罗得岛州普罗维登斯市的宝路华手表厂倒闭时，我父亲长达 30 年的职业生涯戛然而止。和许多美国制造企业一样，宝路华将生产转移到了海外，追逐新自由贸易协定带来的极具诱惑力的廉价劳动力。56 岁的父亲，成了依附于旧劳动力模式的新经济规则的牺牲品。当时没有有效的公共或私人举措帮助他和数百万其他美国人转型到新经济中的新岗位，导致许多美国城市空心化，并催生了如今困扰我们的分裂政治。 这段经历不只是我的个人回忆，更是我们即将重蹈的历史覆辙。人工智能正在改变工作，速度远超劳动力的适应能力。数百万美国人 —— 从白领到蓝领、从基层员工到高管 —— 可能很快就会失业、前途渺茫。各界政界与私营部门的领导者都告诉我，这场危机即将到来，且尚无明确解决方案。 我绝不接受失业危机不可避免的说法。但解决之道，不是放缓人工智能创新、让我们竞争力下降、准备不足；也不是 generic “再技能化”，把人硬塞进完全陌生的岗位和行业。相反，我们应建立一套现代化的转型体系，用更精准的数据预测失业风险，用新型支持方式帮助劳动者在岗位间过渡。 我们需要的是公私部门之间一项新的 宏大契约 ：由企业负责界定人工智能时代必需的技能，并搭建就业通道；政府则投入资金用于培训、激励政策和安全网，帮助劳动者快速进入新岗位。私营部门向来更能敏锐判断哪些新岗位会出现、哪些技能至关重要、需求变化速度有多快。因此，这项新契约应以企业为主导，利用人工智能实时提供招聘计划、技术应用和技能需求的洞察。 第一步可以是打破企业界与教育界之间的壁垒。我在担任商务部长推动《芯片与科学法案》时亲眼见证了这一点：该法案向半导体研发与生产投入了数百亿美元。我团队与台湾芯片制造商 台积电 深入合作后发现，新芯片工厂受制于工具维修、电气工程、管道装配等领域的人才缺口。台积电依据这些发现游说各州政府、企业以及马里科帕社区学院等院校，开设速成证书项目，专门培养填补这些缺口的人才。 高等教育的未来应当是 模块化 的，雇主必须成为课程设置的积极参与者。美国应将重心从耗时昂贵、尚未读完就可能过时的学位，转向短期、低成本、与工作直接挂钩的学分课程，搭建教育与就业之间的桥梁。应鼓励人们考取可独立使用、也可逐步累积成学位的证书，让人们在职业生涯中反复回到校园学习。一名...