Lean hog futures saw weakness on Thursday, with contracts down 47 cents to $1.40 in the nearbys and 7 to 32 cent gains in the back months. USDA’s national base hog price was reported at $89.74 on Thursday afternoon. The CME Lean Hog Index was 34 cents higher on March 3 at $90.18. Export Sales data from USDA showed 36,103 MT of pork sold in the week of 2/26. That was back down 15.3% from the previous week. Mexico was the top buyer of 22,400 MT, with Japan in for 3,800 MT. Shipments were at 37,842 MT in that week, which was a drop of 7.9% wk/wk. The top destination was Mexico at 17,200 MT, with 5,100 MT to Japan. Don’t Miss a Day: USDA’s pork carcass cutout value from the Thursday PM report was up 60 cents at $99.22 per cwt. The rib and picnic primals were reported lower. USDA estimated Thursday’s federally inspected hog slaughter at 491,000 head, taking the total to 1.944 million head for the week. That is 7,000 head below last week and 132,550 head below the same week last year. Apr 26 Hogs closed at $95.675, down $1.400, May 26 Hogs closed at $100.525, down $1.200 Jun 26 Hogs closed at $109.900, down $1.300, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Aeluma (ALMU) drew fresh attention after Benchmark reiterated its positive rating on March 3, 2026, linking its view to Nvidia’s optical investments as investor interest pushed the stock up 4.88%. See our latest analysis for Aeluma. That move sits against a tougher recent stretch, with the latest share price of $15.72 following a 1-day share price return of 14.38% decline and a year to date share price return of 11.69% decline, even as the 1-year total shareholder return of 147.17% and 3-year total shareholder return of roughly 3.5x suggest longer term momentum has been strong. If you are watching how optical and AI themes ripple across markets, it could be worth scanning our screener of 35 AI infrastructure stocks as a starting list of ideas beyond Aeluma. With Aeluma still loss making on modest revenue, yet trading below Benchmark’s US$25 price target and carrying a strong multi year shareholder return, investors may question whether there is any upside left or whether the market is already pricing in future growth. Most Popular Narrative: 38.4% Undervalued At a last close of $15.72 against a most followed fair value estimate of $25.50, the current price sits well below what this narrative is working with. Growing global demand for AI infrastructure and data center interconnects, including co packaged optics and massively parallel optical links, positions Aeluma’s high speed optical interconnect platform to transition from funded R&D into multi million unit commercial volumes, supporting sustained revenue growth and operating leverage. Read the complete narrative. Want to see what sits behind that growth story? The narrative leans on aggressive revenue expansion, a sharp swing into profitability, and a premium earnings multiple. Curious how those assumptions stack up over time and tie back to that $25.50 figure? The narrative ...

法国总统马克龙5日在社交媒体上表示，法方必须采取行动防止黎巴嫩再次被卷入战争，并敦促以色列不要升级对黎巴嫩的战事。 马克龙表示，黎巴嫩人民享有和平与安全的权利，以色列必须避免在黎巴嫩领土上发动任何地面行动或大规模军事行动。 马克龙说，黎巴嫩政府已向他承诺，将控制真主党的阵地并全面承担起国家的安全责任。法国将加强与黎巴嫩武装部队的合作，向其提供装甲运兵车及作战和后勤支持。 据以色列国防军发言人埃菲·德夫林5日对媒体发布的消息，以军自2日以来已袭击了黎巴嫩境内超320个目标。(新华社)

财联社3月6日讯（编辑 黄君芝） 美国内政部长道格·伯古姆（Doug Burgum）周四表示，特朗普政府正在权衡一系列方案，以应对伊朗战争期间石油和汽油价格飙升的问题。 “所有方案都在考虑之中，” 他在周四的采访中表示，并补充说， 该清单包括可能立即产生影响的行动，以及更长期、更复杂的选择。 据悉，美国总统特朗普周二与伯古姆和其他高级顾问举行紧急会议，讨论一系列方案，随后宣布计划提供保险担保和海军护航，以确保油轮和其他船只安全通过霍尔木兹海峡。特朗普强调，“无论如何，美国都将确保能源自由流通到世界各地。” 美国财政部长斯科特·贝森特周三也表示，在美国与以色列对伊朗采取军事行动期间，原油市场供应充足。特朗普政府将为途经波斯湾的油轮提供支持，并将在未来几天宣布更多措施。 据分析， 其他可能性包括动用国家紧急石油储备，并可能与其他国家协调行动以最大限度地发挥效力。 然而，政府官员迄今为止尚未采取行动动用战略石油储备。 分析人士指出， 政府还可以考虑其他选择，包括豁免燃料混合要求，甚至让美国财政部交易石油期货。 不过，世界最大经济体介入石油市场交易将是史无前例的。美国作为世界最大的石油生产国和最大的石油消费国之一，拥有独特的地位。目前尚不清楚这样的计划将如何降低原油和汽油价格。 与此同时，伯古姆表示，美国国际开发金融公司（DFC）为油轮提供保险的计划细节仍在制定中。 “团队正在努力工作，”他说道，并提到了贝森特和能源部长克里斯·赖特的参与。 “作为联邦政府，我们有机会介入并建立某种程度的正常秩序，”他补充说：“美国可以承担一些风险，以确保我们在世界各地的盟友物资充足，而且只有我们能够做到这一点，因为我们拥有足够的财力和海军力量来实现这一目标。” 自美国和以色列对伊朗发动袭击以来，油价已上涨约18%，而降低油价的努力正值11月中期选举前夕，此次选举结果可能取决于民众对生活成本的担忧。特朗普经常吹嘘在他执政期间汽油价格有所下降。然而，如今油价却受到伊朗战争的威胁，已升至近一年来的最高水平。 尽管特朗普及其政府高官屡屡扬言会“不惜一切”保障供应、降低油价，但华尔街及业内专家似乎并不买账。随着围绕伊朗的冲突持续升级并对中东以外地区产生外溢影响，美股剧烈动荡，美股三大指数周四集体收跌，道琼斯指数更是暴跌近800点。 华尔街分析师们普遍认为，特朗普的保证是一个良好的开端，但总统需要做出...

记者从中国科学院化学研究所获悉，该研究所朱道本院士、狄重安研究员团队联合国内合作者，成功研制出不规则多级孔结构塑料热电薄膜，其核心性能指标热电优值（zT值）突破1.64，创下柔性热电材料同温区性能世界纪录， 为可穿戴设备、贴附式制冷、物联网传感器等技术发展提供关键材料支撑。 热电材料是能实现热能与电能相互转换的“能量魔术师”，基于两种基本物理效应：塞贝克效应和帕尔贴效应，就可以在无燃料、无噪音的情况下完成发电与制冷。因此在节能减排、绿色能源领域具有重要意义。 柔性热电材料兼具柔韧性和可弯折性，可以贴附在人体、衣物或任何曲面，悄无声息地将周围的“废热”转化为电能。 其中柔性热电材料能贴合人体、曲面等场景，是回收利用废热的理想选择，但长期以来，聚合物热电材料始终面临“高电导率”与“低热导率”难以兼顾的难题，zT值远低于无机材料，成为实用化的关键瓶颈。 为破解这一“鱼与熊掌不可兼得”的困境，研究团队创新性地构建出独特的“多孔无序-狭道有序”双重结构。该材料整体像海绵般布满大小、形状各异的无序孔洞，纳米级的孔隙却能像模具一样，帮助聚合物分子形成高度有序的排列。这一结构让热量难以传递，电子传输却畅通无阻，成功实现了电-热输运的解耦和协同提升。 研究团队通过“聚合物相分离”方法制备该材料，兼容喷涂工艺可一次成型，相较此前技术大幅降低制备难度。这款新型热电塑料薄膜实现了聚合物热电材料zT值超1.5的历史性跨越，创造了柔性热电材料的世界纪录。 未来，该技术应用前景广阔，人体与环境存在5℃到10℃的温差就能让其产生可观电能，我们有望实现一些未来世界的应用场景，例如：我们戴着智能手表晨跑，仅靠体温就能给手表充电；在炎炎夏日，我们仅需一片轻薄如纸的贴片贴在皮肤上，就能给自己带来清凉；未来还能织入衣物成为“移动电源”。另外，凭借其低成本的制备优势，该技术还能在物联网时代为传感器提供持续电能，柔性特点更可使其贴附在各种曲面，大大拓展了应用场景。 此次突破不仅推动了聚合物热电材料迈入实用化门槛，更深化了我们对软物质材料热电转换规律的认知，为后续研究提供了清晰路线图。 未来，普通的塑料有望变身微型发电站，让无处不在的废热成为宝贵能源。

财联社3月6日讯，昨日，市场全天冲高回落，创业板指此前一度涨超3%。沪深两市成交额2.39万亿。从板块来看，MicroLED、电网设备、算力租赁、CPO、量子科技等概念走强；下跌方面，种业板块大面积调整，油气股午后冲高回落。截至收盘，沪指涨0.64%，深成指涨1.23%，创业板指涨1.66%。 在今日券商晨会上，中信证券认为，AI Agent时代软件机遇；中金公司认为，海外用电供需矛盾突出，中国厂商迎来加速出海窗口期；中信建投认为，预计全球AI NAS销量将从2024年的6万台增长至2035年的669万台。 中信证券：AI Agent时代软件机遇 AI大模型对软件的影响情绪扩散，软件应用板块整体调整。具备行业know-how、高质量数据等优势的软件公司有望构成护城河，在AI Agent时代充分受益于AI赋能带来价值增长。建议关注大模型、企业级Agent软件、垂直Agent软件、AI Infra具备相关优势的公司，以及AI大模型时代下在AI4S、广告营销、多模态、机器人等新场景弹性较大的公司。 中金公司：海外用电供需矛盾突出，中国厂商迎来加速出海窗口期 海外数据中心正在面临“找电难”的困境，欧美部分电网拥堵的区域排队时间可达7年以上。电网能力正在决定资金流向，北欧、南欧以及新兴市场获得大型开发商关注，同时美国和欧洲FLAP-D市场部分区域自备电源由可选转向必选，多种新供电方案同步探索。海外供需矛盾突出，中国厂商迎来加速出海窗口期，捕捉高弹性市场机会。 中信建投：预计全球AI NAS销量将从2024年的6万台增长至2035年的669万台 家用NAS具有综合优势，但存在产品、市场、认知等核心障碍，导致渗透率较低。AI彻底破解传统NAS的发展瓶颈，将NAS从小众极客设备转变为面向大众的家庭智能数字中枢，实现用户基数的指数级扩大，全球AI NAS销量将从2024年的6万台增长至2035年的669万台，CAGR为54%，渗透率将提升至60%以上。未来AI NAS竞争格局将进入加速重构期，当前以绿联科技为首的国产新势力的势头最猛，绿联以充电类为流基本盘，以AI NAS为第二成长曲线，海外放量与资本运作有望形成业绩与估值的双重弹性。

Earnings Call Insights: Smith & Wesson Brands, Inc. (SWBI) Q3 2026 Management View President, CEO & Director Mark Smith reported that third quarter results demonstrated continued market share growth, resilient pricing power, and profitability, attributing this to a disciplined focus on the company's long-term strategy and “laser focus on innovating to keep ahead of market trends.” The quarter saw net sales rise over 17% year-over-year to nearly $136 million, EBITDAS of $16.8 million up nearly 21%, and adjusted EPS of $0.08 compared with $0.03 in the prior year period. Operating cash flow grew by more than $30 million year-over-year. CEO Smith highlighted that “handgun results were exceptional,” with unit shipments into the sporting goods channel up 28% and average selling prices (ASPs) up 5.2% year-over-year to over $419. He emphasized significant market share growth, noting “the growth we experienced in Q3 was across the entire line of our semi-auto pistols, where we introduced several new models outside the subcompact space, most of which are positioned at higher price points.” CEO Smith also cited the benefit of a 2% to 3% price increase implemented on January 1 and pointed to distributor inventory weeks of supply remaining flat as an indicator of strong sell-through. Long gun shipments declined 25% due to difficult comps from prior year channel fill and a product mix shift, though ASPs remained strong at $535. CEO Smith noted that the Smith & Wesson Academy, launched six months ago, is exceeding expectations and that momentum in the law enforcement channel is building. He stated, “we were awarded a number of large agency orders recently... have shipped to nearly 1,000 separate federal, state and local law enforcement agencies just within the past 18 months.” Executive VP, CFO, Treasurer & Assistant Secretary Deana McPherson stated, “Net sales for our third quarter of $135.7 million were $19.8 million or 17.1% above the prior year on the strength of our new handg...

近日，由蓝箭航天研制的 220吨级液氧甲烷全流量补燃循环发动机“蓝焱”完成整机全系统长程试车， 标志着我国在大推力高性能液体火箭发动机领域持续取得突破性进展。 “蓝焱”发动机采用了国际先进的全流量补燃循环构型，采用了高集成设计与高室压设计的总体技术方案，是支撑我国下一代大型和重型运载火箭研制的重要动力基础设施和核心配套能力，为构建高效率、可重复使用的重型运载动力体系奠定基础。 据介绍，这种发动机具有燃料利用效率高、推重比大、寿命长等优势，设计、试验和制造难度较大，目前仅有国外一款火箭实现了上箭使用。2025年5月，“蓝焱”发动机进行了首次全系统试车，至今累计完成全系统点火试车100余次。研制团队通过快速的迭代优化，使得产品成熟度进一步提升，为后续可靠的可重复使用发动机产品的开发打下基础。

Earnings Call Insights: Entravision Communications Corporation (EVC) Q4 2025 Management View Michael Christenson, CEO & Director, reported that "on a consolidated basis, Entravision increased revenue 26% to $134 million in 4Q '25 compared to 4Q '24." He noted an operating loss of $21 million for the quarter, which included a $26 million noncash impairment charge. Christenson highlighted that, excluding the impairment, the company "would have had an operating profit." He emphasized ongoing investments in the Media business, particularly in expanding local sales teams, digital sales specialists, and digital operations, and described these efforts as a response to observed opportunities for revenue growth. Two new initiatives were outlined: the broadcast launch of Altavision in October and the January launch of WAPA Orlando Channel 26 in partnership with Hemisphere Media, targeting the large Puerto Rican and broader Hispanic communities in Central Florida. For the Advertising Technology & Services (ATS) segment, Christenson stated, "ATS revenue more than doubled in 4Q '25 compared to 4Q '24," attributing this to both more customers and higher spending per customer. He also announced the acquisition of Playback Rewards' technology and platform, aimed at accelerating entry into the rewards and loyalty market. Mark Boelke, CFO & COO, provided more detail: "In our Media segment, fourth quarter revenue was $45.8 million, which was down 32% compared to fourth quarter 2024." Boelke noted sequential quarterly improvements in local ad sales and that operating expenses in Media were "6% lower in 4Q '25 compared to 4Q '24." He described a recent organizational design plan, including a 5% workforce reduction and facility consolidation, expected to reduce annual operating expense by approximately $5 million. For ATS, Boelke reported "fourth quarter revenue...was $88.6 million, an increase of 123% compared to fourth quarter '24," and an operating profit of $12.3 million for the segm...

Texas Dem's Senate Bid Hits Turbulence: 'God is Nonbinary' Zealot Hands Republicans A Golden Ticket Democrats needed a winner in Texas. They may have nominated a liability instead. James Talarico barely had time to savor his primary win over Rep. Jasmine Crockett before the Republican opposition research machine started doing what it does best. Within hours of the Associated Press calling the race, an avalanche of old tweets and video clips had already begun circulating - and Republicans are practically giddy. The first batch of video ammunition came courtesy of Senate Republicans, who surfaced a clip of Talarico invoking Scripture to defend gender ideology. " God is both masculine and feminine and everything in between. God is nonbinar y," he said in the footage. Meet James Talarico, Texas’ Democrat nominee for U.S. Senate. He thinks “God is nonbinary.” pic.twitter.com/PTXKT6GdeK — Senate Republicans (@NRSC) March 4, 2026 He also said, “ Trans children are God's children, made in God's own image . There's nothing wrong with them, nothing at all. They are perfect, they are beautiful, and they are sacred. Bullying children is immoral. It's a sin, a special kind of sin.” This is James Talarico, who just won the Texas Democratic primary for U.S. Senate: "Trans children are God's children, made in God's own image. There's nothing wrong with them. Nothing at all." pic.twitter.com/w7mIVcyA1B — Libs of TikTok (@libsoftiktok) March 4, 2026 Another clip shows Talarico describing the southern border with the kind of metaphor that writes campaign ads for the other side: " Our southern border should be like our front porch. There should be a giant welcome mat out front." James Talarico, Democrat nominee for U.S. Senate in Texas: “Our southern border should be like our front porch. There should be a giant welcome mat out front.” pic.twitter.com/3CXcNI6HaI — Benny Johnson (@bennyjohnson) March 4, 2026 He separately described Jesus as a "radical feminist.” JAMES TALARICO: "Did the...

CALGARY, Alberta, March 05, 2026 (GLOBE NEWSWIRE) -- Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) reported fourth quarter and 2025 annual results today. All results are presented in U.S. dollars unless otherwise stated. 2025 FOURTH QUARTER AND ANNUAL FINANCIAL AND OPERATIONAL HIGHLIGHTS The Company achieved revenue of $213.5 million for the quarter and $831.7 million for the year, up 14% and 12%, respectively, from 2024. Adjusted EBITDA(1) improved to $44.9 million for the quarter and $198.2 million for the year, up 2% and 13%, respectively, from 2024. Adjusted net earnings per share (1) was $0.34 per share for the quarter and improved to $2.04 per share for the year, up 21% from 2024. was $0.34 per share for the quarter and improved to $2.04 per share for the year, up 21% from 2024. Revenue per truck per month (“RPT”) (1) for the quarter and the year was $41,756 and $41,672, respectively, increased from $38,395 and $39,529, in 2024. for the quarter and the year was $41,756 and $41,672, respectively, increased from $38,395 and $39,529, in 2024. In 2025, Badger returned $30.7 million of capital to our shareholders, comprised of $18.0 million in dividends and $12.7 million of purchases under our Normal Course Issuer Bid. The Company's board of directors (the "Board") has approved a 4% increase to the quarterly cash dividend from CAD$0.1875 per common share to CAD$0.195 per common share for the first fiscal quarter of 2026, to all shareholders of record at the close of business on March 31, 2026, with payment to be made on or after April 15, 2026. “I am incredibly proud of the performance that Badger’s team delivered in 2025. Our results demonstrate Badger’s broad market diversity and resiliency, as we have remained focused on our customer commitment of providing efficient, safe, and reliable hydrovac services in a solid demand environment. In 2025, we achieved annual revenue growth of 12%, Adjusted EBITDA growth of 13%...

J Hagan Capital disclosed a sale of 125,824 shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) in its February 13, 2026, SEC filing, with an estimated transaction value of $4.83 million based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated February 13, 2026, J Hagan Capital sold 125,824 shares of VictoryShares Free Cash Flow ETF during the fourth quarter of 2025. The estimated transaction value was $4.83 million, calculated using the average unadjusted closing price for the quarter. The quarter-end value of the position declined by $4.61 million, reflecting the combined effect of share sales and changes in market price. VictoryShares Free Cash Flow ETF offers investors targeted exposure to U.S. large- and mid-cap equities selected for robust free cash flow generation. The fund seeks to match the performance of its custom index before fees and expenses, using a full replication approach for transparency and efficiency. Continue reading

格隆汇3月6日｜据华尔街日报，参与讨论的几位人士表示，阿联酋官员正在权衡冻结伊朗资产可能带来的风险，包括可能会招致伊朗对阿联酋领土及其关键能源基础设施发起长期报复的可能性。这一决定还将破坏与德黑兰的贸易和金融关系，并损害阿联酋从其他政治来源（如俄罗斯）吸引和留住资金的能力。分析人士表示，任何资产冻结措施都不太可能涵盖伊朗企业及公民所持有的所有账户，因为其中有数十万民众居住在阿联酋。伦敦国王学院安全研究学院的高级讲师安德烈亚斯·克里格表示，采取更具针对性的措施的可能性更大，因为阿联酋不想失去所有这些业务，首先会冻结与伊斯兰革命卫队有关的账户。

格隆汇3月6日｜摩根士丹利将印度股票评级从超配下调至平配。

格隆汇3月6日｜据华尔街日报援引知情人士报道，伊朗已向阿联酋境内目标发射了超过1000枚无人机和导弹，为惩罚这一行为，阿联酋正在考虑冻结该国所持有的约数十亿美元的伊朗资产，这一举措可能会切断伊朗最重要的经济命脉之一。如果阿联酋采取行动，那么伊朗获取外汇以及参与全球贸易网络的渠道将会受到极大限制，其国内经济本已经因通货膨胀而陷入困境。阿联酋官员已私下向伊朗发出警告，称其可能采取行动。据知情官员透露，潜在措施包括冻结那些用于掩盖贸易活动的阿联酋籍“影子公司”的资产，以及对用于绕过正规银行渠道转移资金的当地货币兑换机构进行全面的金融打击。除了金融手段之外，政策制定者们还在考虑采取直接的海上行动，比如扣押伊朗船只。

格隆汇3月6日｜韩国短暂暂停科斯达克市场程序化交易。

Palantir Technologies Inc. won an order blocking three former employees from trying to poach its staff and using confidential information for an artificial intelligence startup. US District Judge J. Paul Oetken ruled last month that Percepta AI’s Chief Executive Officer, Hirsh Jain, and Radha Jain, a co-founder and engineer with the firm, likely violated promises they wouldn’t try to hire workers away from their former employer. Oetken also found that a junior software engineer they hired away from Palantir, Joanna Cohen, likely violated the company’s confidentiality. When the judge issued the 41-page opinion in February he sealed it while the parties redacted personal information, confidential business information and data on customers and clients. At the time, he released a one-page order summarizing some of the findings, but did not specify what he would require of the defendants. Details made public Thursday show that Oetken ordered the former employees to stop trying to poach Palantir’s people and use its data, saying Palantir would suffer “irreparable harm” otherwise. “Palantir applauds this decision in our favor — and commends all of our alumni building companies honestly and lawfully,” the company said in a statement Thursday. “In contrast, the defendants’ duplicity is extraordinary. They set out to ‘pillage’ our business and then feigned innocence.” Percepta, which is owned by the venture capital firm General Catalyst , also claimed victory. “This opinion marks a major win for Percepta and for builders everywhere,” Hirsh Jain said in a statement. “No one has a monopoly on applied AI. When massive companies try to sue startups out of existence, they are using their scale to stifle innovation.” The judge declined to prevent the employees from continuing to work for Percepta, ruling that Palantir’s “sweeping” non-compete requirement was too broad to be enforced against the three. When asked in a hearing whether there was any job Radha Jain or Cohen could have ...

Ex-Palantir AI Workers Blocked From Poaching, Using Secrets Bloomberg

要求阻止特朗普政府近期宣布实施的新关税措施 美国俄勒冈州司法部门5日发布声明称，俄勒冈州联合另外23个州向美国国际贸易法院提起诉讼，要求阻止特朗普政府近期宣布实施的新关税措施。 一年多来，特朗普政府在没有法律授权的情况下征收关税，给美国经济带来混乱。美国最高法院两周前裁定，特朗普政府此前依据《国际紧急经济权力法》对多国产品加征关税的做法违法。在裁决后，总统特朗普并未接受败诉结果，转而援引《1974年贸易法》第122条款，宣布对全球大多数产品征收15%的关税。 声明指出，该条款只适用于“巨大且严重的国际收支赤字”等特定情况，而贸易逆差并不等同于国际收支赤字，这意味着特朗普再次违法。该行为破坏了宪法规定的权力分立原则，并违反《行政程序法》。 美国纽约联邦储备银行研究人员近期发布的分析报告表明，2025年，美国“关税成本”约90%由美国消费者和企业承担，特朗普是在继续推行失败的经济政策。专家估计，在俄勒冈州，新关税措施将使普通家庭每年生活成本增加1200美元以上。

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京東第四季收入按年微增1.5%至3,523億元人民幣，經調整淨利潤大減90.3%至11億元人民幣。（路透社） （香港文匯報 記者 周曉菁）即時零售等新賽道重塑科企表現，京東（9618）昨日公布的第四季收入按年微增1.5%至3,523億元（人民幣，下同），期內歸屬股東利潤盈轉虧，蝕27億元，經調整淨利潤大減90.3%至11億元，惟各項數據仍略勝市場預期；派發末期息每股50美仙，按年持平。京東昨收報96.95港元，跌1.1%。 新業務板塊經營虧148億 在第四季，內地「外賣大戰」現偃旗息鼓跡象，京東季內新業務板塊收入按年增加2倍至141億元，同時經營虧損擴大至148億元，這一數據2024年僅有8.9億元。新業務板塊包括京東外賣、京東產發、京喜及海外業務等。 首席執行官許冉在電話會議中表示，京東外賣保持健康發展，訂單量勢頭穩健，且餐飲訂單結構更加健康，同時第四季外賣總投入規模環比繼續收窄，虧損亦逐季收窄。這主要得益於京東外賣深耕用戶體驗和心智、精進運營效率，以及理性應對行業競爭。 她還透露，京東外賣與京東零售的協同效應也在穩步釋放，在用戶增長、購物頻次提升、跨品類購買行為等方面繼續取得明顯進展。在AI應用方面，公司已將AI全面應用於內部運營並為用戶提供更智能的體驗，充分釋放其變革性的潛力。 以2025年全年計，京東收入按年增加13%至13,091億元，歸屬股東淨利潤縮水53%至196億元，經調整淨利潤同比跌43.5%至270億元。首席財務官單甦評價，全年股東回報保持強勁，總回報率達到約10%；其中，回購股份佔流通在外普通股的6.3%，回購總金額約30億美元，年度現金股利約14億美元，公司未來將繼續通過穩健的業務發展及股東回報承諾為股東創造價值。 京東物流京東健康盈利增 此外，同系京東物流（2618）去年全年收入2,171億元，同比增長18.8%；股東應佔盈利66億元，按年增長7.3%，每股盈利1.06元，不派末期息。京東健康（6618）去年全年收入升26.3%至734億元，股東應佔盈利升近三成至53.75億元，每股基本盈利1.7元，不派息。 （來源：香港文匯報B01：財經 2026/03/06）

格隆汇3月6日｜日经225指数向下跌破55000点，最新报54983.4点，日内下跌0.53%

格隆汇3月6日｜消息称美国发布30天豁免令，允许俄罗斯向印度出售石油。

美国财政部正评估直接对原油期货市场采取行动，以压制因伊朗冲突引发的油价飙升。这将是华盛顿罕见、甚至可能“史无前例”的金融市场式干预，意在影响价格预期，而不是动用实物原油供给。 据路透社报道，一名白宫高级官员透露，美国财政部最快将于3月5日（周四）宣布一系列应对能源价格上涨的措施， 其中可能包括对石油期货市场的直接干预。 由于方案细节仍不明朗，该官员拒绝提前披露具体做法，称不希望抢在财政部公告之前。 市场的剧烈波动是促发此次干预的直接原因。自上周六与伊朗的冲突爆发以来，受中东原油供应中断影响，美国原油期货价格已飙升近21%，直接推高了燃料成本，引发了市场对通胀反弹的担忧。 尽管能源市场对财政部的潜在干预高度关注，但美国总统特朗普依然保持淡定。他明确表示，目前的优先事项是军事行动，而非干预短期油价，并预期价格在冲突结束后会迅速回落。 贝森特“重操旧业” 干预期货市场的构想，与美国财政部长贝森特的深厚金融背景密切相关。 贝森特曾任索罗斯基金管理公司首席投资官，后创立宏观对冲基金Key Square Group，在货币、债券及大宗商品交易领域拥有数十年经验。 从操作层面看，Price Futures Group高级分析师Phil Flynn将此举描述为"极具创意的跳出框架之举"， 并指出具体路径可能是"卖出期货曲线近端、买入远端"，以此压低近月合约价格、平抑市场恐慌情绪。 Flynn同时指出，财政部的传统职能集中于财政政策、债务管理及偶发性汇率干预，从未涉足石油等大宗商品领域。 先例参考：ESF与量化宽松的历史经验 尽管干预石油期货市场史无前例， 但美国政府动用金融工具稳定市场并非没有先例。 2008年金融危机期间，美联储通过大规模购买抵押贷款支持证券和国债实施量化宽松。财政部旗下的外汇稳定基金（ESF）则于去年10月出手购买比索、并为阿根廷提供200亿美元互换额度，以支撑其货币汇率。该基金创立于大萧条时期，截至今年1月31日总资产规模为2208.5亿美元，历史上曾多次在2008至2009年全球金融危机、新冠疫情及2023年美国银行业危机期间为美联储贷款工具提供支持。 此外，墨西哥长期执行名为"财政部对冲"（Hacienda hedge）的石油收入保护计划，曾是全球规模最大的金融石油交易，但其对冲对象为实物石油库存，与纯粹使用金融工具存在本质区别。 分析人士：短期或有震慑效...

伊朗伊斯兰革命卫队发言人表示，“我们已做好长期战争的准备，以惩罚侵略者。敌人应该预料到，在每一波作战行动中都会遭受沉重打击。伊朗的新型武器正在研发中，尚未大规模使用。”美以2月28日对伊朗发动大规模空袭，伊朗最高领袖哈梅内伊以及多名军政高级官员遇害。伊朗随后对美国在海湾地区的军事基地和以色列发起还击，一些中东国家遭到波及。（央视新闻）

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching as U.S. oil futures surged to their highest level since 2024, and what's on the radar for the next session. The jobs report The February payrolls number comes out live on " Squawk Box " with Becky Quick, Andrew Ross Sorkin and Joe Kernen at 8:30 a.m. ET. The Dow Jones consensus is calling for 50,000 jobs. A few experts on CNBC Thursday mentioned the possibility the number will be negative. The sentiment on Kalshi does not suggest that'll be the case. The platform was pretty right on last month. This month, 58% believe the number will be above the 50,000 expected. Meanwhile, 44% think it'll be above 60,000. Watch for the number and instant market reaction live at 8:30 a.m. Robinhood CEO and co-founder Vlad Tenev joins " Squawk on the Street " with Carl Quintanilla, David Faber and Jim Cramer Friday around the opening bell at 9:30 a.m. Robinhood is down 47% from the October high. It's like the revenge of the Sheriff of Nottingham and Prince John. But if you go back a year, Robinhood is the clear winner. Shares have gained 67% in the past 12 months. There are also signs investors are coming back in: The stock has advanced 6.2% in four days. Some may call Jim Cramer Wall Street's real Robin Hood, helping the small guy play like the big guy. On Thursday's "Mad Money," he was asked about whether the stock was a buy. His answer: "A resounding yes!" HOOD 1Y mountain Robinhood Markets in the past 12 months Biotech CNBC TV's Angelica Peebles will report on the industry after a few high-profile FDA rejections. The SPDR S & P Biotech ETF (XBI) is down 6.2% from the Jan. 22 high. The NYSE Arca Biotech index (.BTK) is down 11% from the Jan. 22 high. The iShares Biotechnology ETF (IBB) is down 6% from the Jan. 7 high. Come on down! Let's see if we can get you inte...

新兴科技是主线，价值也会有春天 摘要 ▶ 2026年政府工作报告重在稳定预期，着力调结构、防风险、促改革。 一方面，GDP增速从“5%左右”下调至“4.5%-5.0%”，经济增长目标更加务实；另一方面，提高政策性金融工具规模，有望推动投资止跌回稳。从中国市场投资来看，着重扩大内需，继续推动转型，有望稳定和振奋发展信心与经济预期，中国市场有望维持上升势头。 ▶ 中国经济政策重心以内需主导，推动投资止跌回稳成为新的抓手。 近两年中国内需增长走弱，固定资产投资转负。为推动经济可持续发展，2026年政府目标把着力建设强大国内市场排在首要任务，并进一步强调了经济政策以内需主导的战略基点。积极的变化在于：1）从政策安排上，2026年赤字率4%，特别国债1.6万亿，地方政府专项债券4.4万亿，新增债务规模11.89万亿，财政力度积极。去库存+城市更新有望成为稳定地产重要举措。2）此外，再新增8000亿元新型政策性金融工具，参考2025年5000亿元额度拉动投资约7万亿，增量安排或撬动11万亿的投资，推动投资止跌回稳。3）促消费方面强调激发消费内生动力，在延续支持消费品以旧换新外，提出增加居民收入，扩大服务业经营主体贷款贴息政策支持领域，增设1000亿元促内需专项资金，明确培育服务消费。 ▶ 推动科技突破与结构转型，有望进一步振奋社会发展信心。 报告将高质量发展与发展新质生产力列为“十五五”重大战略任务之首，2026年科技领域将更聚焦产业引领与结构转型。报告提出实施产业创新工程，由央国企带头打开新兴技术应用市场空间，培育增长新动能。产业层面，三大领域共同发力：其一是新兴与未来产业扩容，新兴产业明确四大支柱，新增集成电路、生物医药。未来产业新增未来能源与脑机接口，其中未来能源排序居首，标志着政策提升对能源安全与新一轮能源革命的重视程度；其二是深化拓展“人工智能+”行动，推动AI全产业链生态，重点在新一代智能终端、智能体推广与智算集群等新基建。“十五五”数字经济增加值目标由2025年的10%上调至12.5%；其三是推动传统领域绿色智能化改造，在设备更新规模延续的背景下推动重点产业提质升级。 ▶ 深化资本市场投融资改革，投退平衡与投资者保护是新增亮点。 近一年中国股市稳中向好，两会政策重心也从2025年的“稳市场”转向基础制度建设。投资端方面，“中长期资金入市”不再只局限于规模，而是强调...

The headlines are jarring, to be sure. Usually resilient Berkshire Hathaway (BRKA +2.74%) (BRKB +2.53%) suffered a 30% ($10.2 billion) year-over-year drop in its fourth-quarter operating earnings, capping off a year when net earnings fell more than 24%, from $89 billion to $67 billion. Even if these quarterly results were the last ones produced with Warren Buffett still at the helm, it's not exactly an encouraging start for new CEO Greg Abel. Still, it would be easy to come to the wrong conclusion about Berkshire's recent results. While it is mathematically true that the conglomerate's bottom line contracted last quarter as well as for the entirety of last year, this setback comes with a much-needed footnote. Not exactly a fair comparison The chart tells the tale. Yes, Berkshire Hathaway's insurance underwriting and insurance investment income contracted last quarter, as well as last year. Just note that this comparison is being made to the oddly strong but ultimately unsustainable growth of its insurance business in 2024. Compared to any other recent year, Berkshire's reportedly beleaguered insurance business is still doing rather well. The bulk of the conglomerate's reported earnings lull, of course, is the decrease in realized and unrealized (mostly unrealized) investment gains from its individual stock holdings. That's largely a reflection of the fact that the company's been scaling back the size of its stock portfolio since 2023 and growing its cash hoard from just over $100 billion then to more than $370 billion now; less money in the market means less total net gains, even if the market is climbing. Then there's the nuance that doesn't readily show up on any of this company's quarterly reports: It's been steadily selling off shares of what, at one point not too long ago, were its second-biggest stock holdings as well as some of its biggest sources of dividend income. That's Bank of America. From just over 1 billion shares of BofA as of the middle of 2024 to r...