特斯拉采购部门高管计划本周拜访三星电子，就大幅提升2nm芯片AI6的产能规模展开磋商。消息人士表示，特斯拉去年与三星晶圆代工达成的订单规模相当于每月1.6万片晶圆的投片量，而特斯拉的额外需求达到每月2.4万片晶圆。（科创板日报）

Nvidia is investing in the British autonomous driving startup Oxa, alongside backing from the UK’s National Wealth Fund, in a boost to the country’s technology sector. The Oxford-based company, which has developed software for self-driving industrial vehicles, said it had raised $103m (£77m) from investors to focus on commercial solutions for that software, as well as its physical AI and robotics technology, and to push on with its global expansion plans. The fundraising includes $50m from the National Wealth Fund, owned by the Treasury, and backing from the US technology company Nvidia’s venture capital arm, NVentures. Founded in 2014, Oxa now focuses on the automation of repetitive industrial driving tasks, such as the towing and carrying of goods in ports, airports and factories. The latest investor round also includes capital from existing shareholders the London-listed IP Group, which invests in British technology companies, the Australian superannuation (pension) fund Hostplus and BP Ventures, the UK oil company’s arm that backs innovative technologies. Paul Newman, Oxa’s co-founder and chief technology officer and a robotics professor at the University of Oxford, told BBC Radio 4’s Today programme that the investment was “great for the UK”. He said the company had exported passenger-carrying vehicle software to the US, used to transport 20,000 people, but had decided that market was too complex, given regulatory uncertainty around road autonomy for passenger cars. “We think the economics of that are very challenging for us,” said Newman, who also leads the Oxford Robotics Institute. “The economics of having a business in autonomy that works off-highway is cracking.” He added, though, that Oxa’s mantra was “universal autonomy. So our vehicles are generalists and they can drive in all kinds of places.” The company, formerly known as Oxbotica, has also received grants from the UK government in the past. The UK minister for industry, Chris McDonald, said: “Oxa is...

内部因素主导。 中东局势仍在升级，全球市场开启无差别抛售潮，除全球主要股市遭遇重创外，被视为“最强避险资产”的黄金一度大幅下挫，全球主要经济体的政府债券收益率也出现大面积上行。 就在全球“股债齐崩”的背景下，中国债券市场近期的稳定表现尤为显眼。3月4日，在A股承压下跌之际，银行间债券市场主要利率债收益率普遍下行。综合机构人士观点，这进一步彰显了我国国债的避险属性，但更深层次原因是春节后我国债市在流动性宽松基调下迎来了更为明显的配置盘行情。 当前，市场对外部不确定性的关注点仍聚焦于中东战事引发的油价上涨和通胀压力。不过，有机构人士对第一财经记者表示，相较于地缘冲突、通胀预期可能带来的压力，短期内，国内经济基本面和宽货币政策预期仍是当前影响中国国债利率走势的主要因素。 全球债市避险逻辑失灵？ 自2月28日美以袭击伊朗以来，全球金融市场在不确定性中持续承压。而随着这一紧张局势不断升级，全球股市、债市乃至黄金在恐慌中普遍迎来抛售潮。 不仅是黄金、白银一度陷入一轮急跌，一向被视为避险资产的各国政府债券也未能幸免。在通胀担忧加剧背景下，国债市场的传统避险逻辑被进一步弱化。 美国10年期国债收益率素有“全球资产定价之锚”之称，自此轮美以伊炮火重燃以来，美国10年期国债收益率已上行超过10BP，上破4%关口后来到4.1%附近。3月3日，该券种收益率盘中一度触及4.12%。 霍尔木兹海峡航运停滞等因素导致国际油价显著上涨，一系列连锁反应更是引发全球对能源供应的担忧。在国际机构看来，由此引发的美国“再通胀”担忧进而降息预期下降已经超越避险属性，成为美债当前的主要干扰因素。除10年期品种外，美国两年期国债收益率在3日再度上行4BP至3.51%。 不只是美债，在新的“能源冲击型避险交易”下，包括日本和欧洲在内，近日主要经济体国债收益率多数以上行为主，上演新一轮抛售潮。而聚焦国内资产表现，4日A股市场表现疲弱，沪指失守4100点，深成指、创业板指冲高回落。不过，债市在周三表现坚挺，避险属性凸显。 截至收盘，国债期货多数上涨，30年期主力合约尾盘回落，收跌0.03%报112.770元；10年期主力合约涨0.05%报108.555元，5年期主力合约涨0.08%报106.145元，2年期主力合约涨0.05%报102.518元。 现券方面，银行间债券市场主要利率债收益率普遍下行，中短券因确定性更强表...

财联社3月4日讯（编辑 夏军雄） 在伊朗封锁霍尔木兹海峡之后，美国总统特朗普周二表示，美国将通过提供保险担保，甚至派遣海军护航，确保波斯湾能源运输畅通。 然而，航运业认为，这充其量只是应对这场历史性危机的“部分解决方案”。 上周末，美以两国对伊朗发动空袭，引发地区冲突急剧升级。多起船只遭袭意味着霍尔木兹海峡已在事实上处于关闭状态。若无法通过这条关键水道运输，一些全球主要的油气生产国与世界其他地区之间的海运贸易几乎被切断。 泰国散货船公司Precious Shipping Pcl董事总经理Khalid Hashim表示：“没有什么是确定的，我们需要立即获得明确解决方案。生命处于危险之中，货物处于危险之中，船只也处于危险之中。我们需要立即获得全面保障。” 他称，公司目前仍有部分船只停留在波斯湾，但在船只离开该地区前，公司一直难以获得战争风险保险。 由于船只无法或不愿穿越霍尔木兹海峡，产油国无法出口原油，超级油轮运费飙升，波斯湾多家炼油厂的储油设施迅速接近满负荷。全球最大的保险互助协会已撤回对该地区船只的战争风险承保。 Kennedys Law LLP合伙人Karnan Thirupathy表示：“船东最核心的考量是真实的损失风险。如果损失风险过高，没有人会进入这项贸易。”Thirupathy专注于大宗商品、航运与保险领域。 影响已迅速显现。作为中东仅次于沙特的第二大产油国，伊拉克已开始大幅减产，且面临进一步减产压力，这是该地区石油供应商承压的最明显信号。 特朗普提出的方案包括动用美国国际开发金融公司，以协助租船方、船东及关键海事保险公司。DFC通常为发展中国家的私营部门提供融资支持。 加拿大皇家银行资本市场（RBC Capital Markets）分析师在报告中指出：“虽然特朗普总统关于保险和油轮护航的言论令油价一度回落，但我们质疑目前对保险保障机制的规划是否充分，并认为在短期内执行该计划可能面临诸多挑战。” 国际上并非没有先例。2023年11月，由劳合社保险机构及乌克兰政府等合作设立了一项机制，为支撑乌克兰海运出口（尤其是粮食运输）的船只提供可负担的战争风险保险。 DFC此前也曾提供部分战争风险再保险支持，未来或可再次发挥类似作用。 不过，若由美国主导，为波斯湾地区的石油、天然气和燃料运输提供保障，其规模将远超上述安排，且因涉及生产国和消费国众多，复杂程度也更高。 一...

“耳机界爱马仕”亮相资本市场！ 3月4日，海菲曼（920183.BJ）登陆北交所，发行价19.71元/股。上市首日，海菲曼集合竞价阶段大涨超500%，截至收盘涨幅回落至170.42%，报53.30元/股，市值约26.09亿元。 海菲曼的诞生，始于其创始人边仿的发烧友情怀。2007年，在海外攻读化学博士的他以3000美元奖学金起家，创办了高端电声品牌海菲曼。京东旗舰店显示，其售卖的耳机最高售价超5万元。 2022~2024年、2025年上半年海菲曼主营业务毛利率分别为65.09%、68.66%、70.12%和66.83%，因其毛利率比肩奢侈品牌爱马仕，也被称为“耳机界爱马仕”。 然而，高毛利的背后，是其所处的高端市场（发烧级耳机市场）空间天然的局限性。根据Business Research Insights数据，全球发烧级耳机市场2022年达到28.50亿美元，预计2028年达到41.58亿美元；而Grand View Research数据显示，全球耳机市场规模2023年达到715亿美元，预计2030年达到1638亿美元。 面对小众市场的天花板，海菲曼的增长故事需要新的篇章。 曾试水消费级耳机市场 海菲曼将目光投向了规模庞大但竞争白热化的消费级市场，希望将高端技术进行“降维”应用。这一转型并非没有先例。早在2022年，海菲曼便试水推出大众消费级颈挂式耳机，但结果并不理想。 彼时公司通过代加工生产较大量的的大众消费级颈挂式耳机BW600，该类耳机单价低、产销量大，公司在2023年和2024年已经根据市场情况减少生产，持续消化库存产品。到2025年上半年，海菲曼已停止生产、销售低价位的大众消费级颈挂式耳机。 这次试水也连带影响了其有线入耳式耳机业务，导致该品类销量大幅波动，毛利率承压。2022~2024年、2025年上半年，海菲曼有线入耳式耳机销量分别为8.46万个、3.17万个、1.66万个和1352个，产销率分别为68.18%、1012.36%、254.44%和114.29%。 图源：海菲曼官网 同期毛利率分别为37.43%、49.53%、38.92%、69.27%。海菲曼表示，2022年公司推出大众消费级的颈挂式耳机，虽然收入规模增长较快但毛利率较低，且随着无线耳机的流行，有线入耳式耳机需求及毛利率下降。 从全球范围来看，有线耳机的市场份额在近几年持续被TWS无线耳...

受中东战事影响，投资者风险偏好降温，美股连续两个交易日开盘即大幅低开。不过，这两个交易日均有抄底资金在午盘入场救市，收复了此前的大部分跌幅。 对于转向防御策略的投资者来说，当前市场走势颇为微妙。在技术分析师眼中，这种交易表现透着盲目乐观的情绪。技术人士指出，多个关键点位已经受考验，尽管这些点位在很大程度上起到了支撑作用，但更剧烈的震荡行情可能会令支撑位逐步失守。 标普500指数周二一度大跌2.5%，至6710.42点，短暂跌破12月低点，最终收跌约0.9%。此次下跌还令该指数跌破100日均线，这一水平在过去一年大部分时间里都是强劲支撑。 宏观风险顾问公司首席技术策略师约翰・科洛沃斯表示，约6720点的12月低点是投资者短期内需要关注的关键位置。科洛沃斯称，一旦跌破该点位，“指数重回11月低点的概率将会上升”。 交易员同时也在关注200日均线——约6570点，该均线通常被视作长期支撑位。 11月低点较指数周二收盘价低约4%。但科洛沃斯表示，如果该点位也无法守住，指数下一步可能跌至6100–6200点区间，从而进入回调状态。 标普500期货周三早盘一度上涨0.4%，收复了此前近0.8%的跌幅。 未来市场出现更多波动的理由充足，其中最主要的是能源价格飙升，这可能进一步推 高通 胀。市场本已承受多重压力：混乱的贸易政策、私人信贷市场显现紧张信号，以及人工智能带来的行业冲击。 从近期高点回落10%及以上，在技术上被称为回调，这类走势相当常见，也是健康市场周期的一部分。然而，标普500上一次进入回调区间还是在2025年初，当时市场担忧贸易不确定性、经济增长放缓，以及中国人工智能初创公司深度求索（DeepSeek）突然崛起对高估值科技股带来的风险。同年4月爆发的进口税混乱进一步加剧了抛售。 爱德华・琼斯投资策略主管莫娜・马哈詹表示：“我们上一次真正意义上的大幅回调大概是在去年4月，当时标普500几乎跌入熊市区域。自那以后，市场几乎一路单边上涨。” 近几个月来，市场波动性也一直处于低位，至少从指数层面看是如此。巴克莱银行数据显示，截至2月中旬，标普500在年初录得1960年代以来最窄的年内波动区间。 马哈詹称：“这更像是一次健康的盘整，而非深度回调，市场可以借此完成休整。” 动能指标同样释放出谨慎信号。标普500的相对强弱指数（RSI）数月来持续下行，目前在43附近徘徊。尽管仍高于...

今年又有多地将举办城市足球联赛。 2025年“苏超”成为现象级爆款赛事后，多个苏超式足球联赛先后举办，今年又有多地将举办城市足球联赛。 3月2日，福建省城市足球联赛（“闽超”）福州市代表队试训选拔营正式开营。在3月2日至4日期间，来自各行各业的足球爱好者分批接受测试，争夺代表福州出战首届“闽超”联赛的资格。 闽超联赛将于今年4月拉开帷幕。近日,2026福建省城市足球联赛(简称“闽超”)以“福聚八闽 爱拼会赢”为口号正式发布会徽、主视觉设计。 近日，湖北省体育局官微正式对外发布，将举办2026年湖北省城市足球联赛，并面向社会征集会歌、吉祥物、标识和冠军奖杯设计方案。 一些省份基于自身足球发展基础，将原有的一些业余足球联赛“改制”为城市足球联赛。 3月2日，2026年广东体育城市联赛组委会成立大会暨第一次全体会议在广州举行，标志着2026年广东省城市足球超级联赛正式进入全面实施阶段。2026年广东省城市足球超级联赛计划于4月至11月举办，实行一城一主场制。全省21个市将各派1支代表队参赛，球队以城市命名。联赛为11人制男子足球联赛，分两个阶段进行，第一阶段为常规赛，第二阶段为淘汰赛。 根据媒体报道，2026年山东省齐鲁足球超级联赛正式改制为城市联赛，全省16个城市队采用“一城一队一主场”原则，分为常规赛（单循环主客场制）和淘汰赛（常规赛排名前8的球队参加，采用主客场双回合淘汰制）两个阶段。浙江省在保留原有俱乐部制“浙超联赛”的同时，新增了“浙江省城市足球联赛”，形成两种赛制并行的格局。 2026年，辽宁、吉林、黑龙江、内蒙古四地还将联合创办“东北超”（东北地区城市足球联赛），这将是全国首个跨省区的城市足球联赛。赛事将于5月23日正式开赛。 去年，在“苏超”成为现象级爆款赛事后，包括赣超、湘超、渝超、川超、滇超、琼超等多个城市足球联赛遍地开花。整体来看，苏超式的城市足球联赛多点开花，在盘活存量场馆资源、提升足球普及率的同时，还通过与文旅等多业态深度融合，每一张比赛门票都有望撬动当地消费，带动周边休闲玩乐、旅游度假、餐饮等多业态快速增长，赛事活动呈现巨大带动和辐射作用。 例如，苏超成为现象级爆款赛事，展现其惊人的经济杠杆效应，实现了“1元门票带动7.3元消费”，线上观看人次高达22.2亿。去年“苏超”联赛举办期间，很多球迷去客场观看比赛的同时，就进行了一次短途旅行，跨城消费...

Rigetti Computing RGTI is steadily positioning itself as a serious contender in scalable superconducting quantum computing, supported by a clear technology roadmap and a growing network of strategic partnerships. The company aims to advance from smaller systems toward 100+ qubit machines with improved gate fidelity, ultimately targeting much larger, fault-tolerant quantum systems in the coming years. This push is reinforced by collaborations designed to strengthen both technology development and manufacturing scale. For instance, Rigetti’s partnership with India’s Centre for Development of Advanced Computing (C-DAC) focuses on building hybrid quantum-classical systems for national research applications. At the same time, Rigetti's alliance with Quanta Computer, which includes more than $100 million in planned investments from each party over five years, along with an equity stake from the latter, is expected to support manufacturing scale-up and commercialization efforts. On the commercial front, Rigetti is beginning to move beyond pure research and into early customer deployments that signal rising market traction. In September 2025, the company disclosed purchase orders worth roughly $5.7 million for two of its 9-qubit Novera systems. More recently, Rigetti secured an $8.4 million order to deliver a 108-qubit quantum computer to C-DAC’s Bengaluru center, marking a meaningful step into higher-qubit system deployment for a national research institution. Financially, the company generated $1.9 million in third-quarter revenues, supported by government-funded programs, cloud-access quantum services and collaborative research projects. Rigetti also ended the quarter with $446.9 million in cash, equivalents and short-term investments and no debt, a position further strengthened by a $350 million equity raise in 2025 that provides a solid liquidity runway as it continues investing in the quantum roadmap. Peers Updates Quantum Computing Inc. QUBT has enhanced the commerci...

格隆汇3月4日｜英国首相斯塔默：紧抓美国总统特朗普的一言一行，并非英美特殊关系的体现。

在国内科技圈被阿里 Qwen 技术负责人林俊旸离职的消息刷屏时，硅谷的一则人事变动却显得异常安静。 OpenAI 后训练负责人、GPT-5 系列的核心推手 Max Schwarzer 宣布离职，转身加入 Anthropic，回归一线研究员身份。 这一离职时间点尤为微妙。此前 Open AI 与 Anthropic 两家公司正处在对垒态势中，OpenAI 接下了 Anthropic 曾明确回避的五角大楼订单。此消息一出，引起民众强烈反弹，ChatGPT 短期卸载量随之激增 295%。 在商业版图扩张与伦理争议并存的十字路口，作为掌控模型效果的关键人物，Max Schwarzer 在升任研究副总裁仅 7 个月后便选择离开。这本身就是一个强烈的信号：OpenAI 正在全速驶向商业化的未来，或许已不再是纯粹研究者心中的理想之地。 Max Schwarzer 的离开并非孤例。她在离职声明中坦言，许多她欣赏的同僚已身在 Anthropic。 比如 OpenAI 联合创始人、后训练负责人、ChatGPT “对话能力”的缔造者 John Schulman，超级对齐团队负责人、曾试图为超越人类的 AI 建立安全围栏的 Jan Leike，OpenAI 联合创始人、极客型算法科学家 Durk Kingma...... 这揭示了一条正在成形的“人才迁徙线”，这些技术领袖正陆续从 OpenAI 位于旧金山 Mission 区的总部撤离，向着更强调“宪法级 AI”与安全研究的 Anthropic 汇聚。 而 Max Schwarzer 在 Anthropic 的新方向是强化学习（RL），这正是她曾主导 GPT-o1 时的核心领域，重在逻辑推理，旨在突破模型的思考上限。这种对“能力边界”的执着，与 OpenAI 当下的产品策略形成了鲜明反差。 回顾近期 GPT-5 系列的迭代路径，一个明显的变化是，OpenAI 的研发重心正在从单纯拓展模型的参数边界转向解决商业落地的“最后一公里”问题。 无论是推理优化、幻觉降低，还是嵌入 Agent 能力与企业级部署，GPT-5 系列的目标都指向了“可控、可靠、可规模化”。这一趋势在最新推出的模型 GPT-5.3 Instant 上尤为明显，该模型致力于体验的优化与情商的提升。显然，一场关乎“用户体验”新一轮竞赛已经悄然打响。 如果将视野拉大，看 OpenA...

格隆汇3月4日｜伊朗革命卫队：只要美国继续发动袭击，我们就会继续我们的攻击。

Daktronics press release ( DAKT ): Q3 GAAP EPS of $0.06 misses by $0.07 . Revenue of $181.9M (+21.7% Y/Y) beats by $0.9M . New orders for products and services rose to $201.1 million for the quarter, compared to $186.9 million from the third quarter of fiscal 2025, up 7.6% Product backlog increased to $342.3 million for the quarter, up 25.3% from $273.2 million at the end of the third quarter of fiscal 2025 Daktronics’ product backlog of $342.3 million at quarter end provides continued strong tailwind for future revenue growth. The Company has moved through the seasonally slower third fiscal quarter with strong year-over-year growth and continued momentum leading into the final quarter of fiscal 2026. Shares +8.5% PM. More on Daktronics Daktronics: MicroLED Mass-Transfer Indicates Massive Margin Expansion Daktronics Q2 Earnings: Great Turnaround Story Compared To Where It Was Before Daktronics, Inc. (DAKT) Q2 2026 Earnings Call Transcript Daktronics Q3 2026 Earnings Preview Daktronics acquires intellectual property and equipment assets from X Display Company

Great Lakes Retirement Inc. bought a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,379 shares of the semiconductor manufacturer's stock, valued at approximately $1,737,000. A number of other institutional investors have also modified their holdings of MU. REAP Financial Group LLC purchased a new position in Micron Technology in the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Micron Technology during the 3rd quarter worth $27,000. Cullen Frost Bankers Inc. lifted its stake in shares of Micron Technology by 79.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer's stock worth $33,000 after acquiring an additional 88 shares during the period. Howard Hughes Medical Institute purchased a new stake in shares of Micron Technology in the second quarter valued at about $30,000. Finally, Physician Wealth Advisors Inc. increased its stake in shares of Micron Technology by 248.0% during the third quarter. Physician Wealth Advisors Inc. now owns 261 shares of the semiconductor manufacturer's stock worth $44,000 after acquiring an additional 186 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock. Get Micron Technology alerts: Sign Up Micron Technology Trading Down 8.0% Micron Technology stock opened at $379.68 on Wednesday. The stock has a 50-day moving average price of $373.79 and a 200 day moving average price of $257.90. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $455.50. The stock has a market cap of $427.33 billion, a PE ratio of 36.09 and a beta of 1.50. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, Dec...

近日，此前被戏称为“小绿书”的微信公众号图片消息功能，正式更名为“贴图”。同时，从“搜一搜”新增“贴图号”分类入口、与视频号和小程序等核心产品并列，到”看一看”信息流中贴图内容的推荐占比大幅提升，再到公众号主页开辟独立页卡，将贴图与长图文进行更清晰的区分、给予前者同等重要的展示权重后，贴图在微信多个场景获得了重点资源位。 毫无疑问，尝试多年后，微信已经决定正式向短图文领域发起进攻。事实上，短图文作为介于长图文与短视频之间的“中间态”，既能满足用户碎片化阅读需求，还能兼顾内容深度与创作效率。在内容表达轻量化成为趋势，以及AI业务亟需更多语料，电商业务需要流量的当下，微信有很多的理由去布局短图文内容。 至于微信的核心优势，显然也无需多言。凭借庞大的用户基数，他们不用像新兴平台那样花费大量的成本去获取用户，只需将短图文内容精准推送到用户面前，就能快速完成冷启动。但真正值得探讨的问题，是手握流量的微信，究竟打算将贴图打造成一个什么样的产品？ 有着小红书的珠玉在前，再加上微信贴图在产品设计层面确实与其颇为相似，于是此前就有观点认为，微信是想要将贴图做成 “第二个小红书”，扶持种草内容。“小绿书” 这个昵称，便自带微信用贴图来对标小红书的调侃意味，也展示了外界对于微信短图文内容的刻板印象。 但事实真的是这样吗？要知道，倒在这条路上的前辈已经太多。此前，淘宝、京东等电商平台就曾意图明确地想要通过复制小红书，在站内实现“从种草到拔草”的闭环。然而后来事实都证明，没有谁能取得成功。 之所以会出现这样的结果，核心原因就在于不同产品的底层基因、生态逻辑存在本质差异。小红书之所以能玩转种草，一方面是因为其起源于一份出境购物指南，可以说是天生就与消费、种草密切相关。近年来虽然小红书也在积极尝试拓展内容边界，但种草内容始终是核心。 更重要的是，小红书经过多年的沉淀，建立起了一套独一无二的“信任转化机制”。而这一机制的核心，就是对UGC内容生态的坚守和流量平权的贯彻。在小红书中，即便是粉丝量极少的素人创作者，只要内容真实、有价值就能获得流量倾斜。而且为了守护这份信任，小红书甚至曾主动遏制商业化的进展。 相比之下，电商平台围绕种草展开的尝试，从一开始就陷入了“目的性过强”的困境。用户一眼就能看穿电商平台的目的不是为了提供有价值的内容，而是为了引导消费。换而言之，在种草这件事情上，电商平台天然就很难...

Asian petchem makers face naphtha disruption as Iran conflict widens Reuters

Treasury Secretary Scott Bessent speaking to CNBC on Jan. 28th, 2026. CNBC Treasury Secretary Scott Bessent on Wednesday said President Donald Trump 's recently announced 15% global tariff will be implemented sometime this week. Bessent, in an interview on CNBC's " Squawk Box ," also predicted that U.S. tariff rates would soon effectively return to where they stood before the Supreme Court struck down Trump's most expansive duties. "It's my strong belief that the tariff rates will be back to their old rate within five months," Bessent said. This is breaking news. Please refresh for updates.

在小众手机这个细分市场，什么样的卖点最容易赚钱？答案很可能是“环保”和“隐私保护”。 因为要“环保”，就意味着可以为了“维修性”用塑料机身、用大量流通的山寨机芯片、用小容量的旧款电池。 要“隐私保护”，就意味着厂商可以名正言顺地不预装谷歌服务（省掉授权费）、不用主流硬件（美其名曰摆脱大厂控制），同时还能拿低成本的设计卖出高价。 那么，到底有没有用户真的会单纯为这些卖点买单呢？大概还是有的，否则就不会看到有些小众厂商拿它们当卖点、靠很差的硬件配置一直活到现在。 但要说这到底算是一种“政治正确”，还仅仅只是一种掩饰创新不足、拿低端配置强行卖高价的借口呢？那些打着“环保”、“隐私保护”旗号的小众品牌，他们内心里是否又真的信仰这套说辞呢？这一点就谁也不知道了。 不过知道不知道不重要，因为他们的好日子很可能就快到头了。 日前，moto方面宣布与GrapheneOS达成合作，从2027年开始，moto将会推出搭载这款操作系统、主打“隐私安全”的新机。而这一消息，很可能就意味着有些小厂“隐私保护手机”算盘的彻底破灭。 为什么我们会这么说？首先就要知道GrapheneOS究竟是什么。事实上，它是以基金会形式运作的一套非盈利、开源操作系统项目，最大的特点就是极其重视用户的隐私保护，甚至被视为目前最权威的手机“隐私保护系统”。 为了做到这一点，Graphene OS做了以下这些工作： 默认 内存地址随机化 ，彻底阻断内存漏洞被利用的可能性 强制基带与主CPU 内存隔离 ，黑客无法通过网络入侵主系统 系统带有 防篡改 签名，开机强制校验，系统一旦染毒就无法开机 强制绑定设备上的 安全芯片 ，使用硬件进行内存加密、安全启动和IO隔离 默认 不带谷歌服务 、仅预装电话、短信、相机、文件等基础应用 所有 权限可按场景精确开关 ，手机锁屏即 自动断开U SB、相机和各种传感器 自带 防追踪浏览器 ，默认开启广告拦截，禁用Cookie、关闭指纹服务 承诺长期安全更新，保证 全代码开源 ，接受任何用户对代码进行审计 不难发现，GrapheneOS之所以会被视为目前“最安全的手机系统”，确实不是浪得虚名。当他们与moto这样的大厂合作后，很自然就会被看作是吹响了“小厂隐私保护手机”灭亡的号角。毕竟GrapheneOS有安全的口碑，而moto作为大厂则有供应链优势，双方合作的产品自然就有望做到“既安全，...

Apple (AAPL 0.35%) and Meta Platforms (META +0.23%) are among the largest corporations on equity markets. Both have produced outstanding returns over the past decade or so. And the good news for investors is that these tech leaders still have plenty of growth fuel and could, once again, beat the market through the next five years (and beyond). Read on to learn more about these monster stocks. 1. Apple Some investors have been skeptical of Apple in recent years. The company's sales growth isn't what it once was, as its most important growth driver, the iPhone, no longer generates the excitement it once did. There have also been issues related to tariffs, as well as concerns that Apple isn't capitalizing on artificial intelligence to the same degree as some of its similarly sized tech peers. Expand NASDAQ : AAPL Apple Today's Change ( -0.35 %) $ -0.93 Current Price $ 263.79 Key Data Points Market Cap $3.9T Day's Range $ 260.13 - $ 265.56 52wk Range $ 169.21 - $ 288.62 Volume 3.9K Avg Vol 48M Gross Margin 47.33 % Dividend Yield 0.39 % Despite all that, there are solid reasons to hold on to Apple stock through 2031. The company's latest financial results have shown that the iPhone can still drive decent sales growth. Apple has returned to double-digit top-line growth rates thanks to its latest iPhone 17 and all the features it offers, including AI-powered ones. Over the next five years, the company should make significant progress in adding AI features to its devices, from the iPhone to wearables, which could boost demand and sales for these products. Meanwhile, the company continues to expand its installed base and now boasts well over 2.5 billion active devices. That number should increase over the next half-decade, along with the company's service revenue. This higher-margin segment will help boost the company's profits and margins as it accounts for a higher percentage of its top line. These opportunities and more could allow Apple to deliver superior returns, at le...

AnisimovaAlesya/iStock via Getty Images Co-authored with Beyond Saving One of my hobbies is cooking. After a hard day of work, there is something that I find relaxing about completely shifting my focus from numbers to the art of cooking. For some, cooking is just a necessity to sustain oneself. I know people with the idea that "cooking" is following the directions on a package and putting it on a plate. For me, cooking is an art. Finding the right balance of herbs and spices to bring out the right notes of sweet, sour, bitter, salty, and umami to work together in harmony to create a meal that is worth remembering. Let's be honest, I'm not going to be competing on Iron Chef. I've had more than one dish that I put a lot of time into, only for it to turn out to be inedible. But you don't need to be Michelangelo to pursue painting as a hobby. When cooking, it isn't about one ingredient. While you might have one ingredient that takes center stage, a delicious dish comes from the supporting ingredients that create the stage and highlight the best flavors from the star. Building an investment portfolio isn't all that different. Investors often focus on the picks; they want to know what "the best" ticker to buy is, and they often judge an investment based on its individual performance. Yet, a portfolio is not a single ticker any more than a world-class meal is a single ingredient. A well-constructed portfolio is one that has balance. Where the risks of one investment overlap with the strengths of another investment. If we hold investments that are interest rate sensitive, we also want investments that aren't. We don't want a portfolio reliant upon one star stock, because then we're in trouble if that one investment turns out to be rotten. We want a portfolio of investments that complement and support each other, working together in harmony to achieve our goal. Here is our recipe for investment success. The Goal First, what are we trying to make? There is more than one way t...

One of the best ways to make money in the stock market is by buying and holding solid companies for the long run, as this strategy not only allows investors to take advantage of secular or disruptive trends, but also helps them benefit from the power of compounding. For instance, an investment of $1,000 in shares of Amazon and Netflix five years ago has increased by 2.3x and 2.8x. These companies have helped investors take advantage of growth trends such as cloud computing, e-commerce, and video streaming. That's the reason why buying and holding on to top artificial intelligence (AI) stocks for the next five years could turn out to be a smart move, thanks to the rapid growth of this technology. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Here's a closer look at two names in AI that are among the dominant forces in their industries and could deliver outstanding gains to investors over the next five years. 1. Palantir Technologies Palantir Technologies (NASDAQ: PLTR) is one of the hottest names in the AI software market, as its Artificial Intelligence Platform (AIP) is turning out to be a major success. AIP is a software platform, using which customers can build and deploy AI applications specific to their businesses with the help of large language models (LLMs) in real time. According to Palantir, customers using AIP have witnessed significant improvements in their operations. For instance, Palantir's AIP allowed an insurance company to automate the process of underwriting, thereby "reducing the typical underwriting response time from over two weeks to three hours," according to remarks made on the company's third-quarter earnings call. Meanwhile, rail transportation products and services provider TrinityRail witnessed a $30 million improvement in its bottom line in just three months following the deployment of AIP. And customers who have already deployed Palantir's AIP are ...

去年秋季，二手交易平台转转宣布关停“自由市场”，全面转向“官方验”业务模式，将二手电商的C2C市场拱手让给闲鱼。面对这个天上掉馅饼的好事，闲鱼自然笑纳，在过去数月推出了一连串利好C2C的政策。近日闲鱼宣布推出一项更便捷的闲置交易能力，用户只需拍张照片，就能轻松发布闲置商品。 在最新的7.25.20版本中，用户打开闲鱼App进入“发闲置”入口即可调出“闲鱼相机”。在拍照后，闲鱼就会自动识别图中的物品，只需等待几分钟即可生成商品描述、并给出参考价格，而且识别出的商品还会自动收录到“闲鱼空间”中，用户可随时查看自己发布过的宝贝行情。 据闲鱼内部人士介绍，这一功能背后依托的是平台海量的C2C交易数据，以及基于千问大模型的视觉识别能力。值得一提的是，为了确保拍照即估价功能的有效性，系统会优先显示识别准确度高、价格参考性强的商品，并给出合理的“闲鱼价”区间。如果价格区间较大，系统还会引导用户补充成色、型号等关键信息，帮助卖家更精准地完成定价。 闲鱼推出“拍照即估价”的原因其实很简单，就是要将个人卖家从抖音、小红书重新吸引回来。自从2023年秋季，阿里进行组织架构调整，升级成为集团一级业务后的闲鱼就需要自负盈亏。自此，怎样养活自己，就成了闲鱼的头等大事。 “搞钱”在过去两年，无疑是闲鱼的主题。比如在2024年夏季，闲鱼方面宣布将向全体卖家收取订单实际成交额（含运费）的0.6%，来作为基础软件服务费。向卖家收取交易佣金其实是电商平台的传统盈利项目，职业卖家也会欣然接受，但是个人卖家的体感就完全不同。即使抽成只有0.6%，但个人卖家也会认为这属于损失、而非交易成本。 除了真金白银的抽成外，闲鱼现在主打“无忧购”，强调七天无理由退货。但七天无理由退货对于个人卖家可不是什么好事，他们往往也不愿意承担闲置物品被试用七天的风险。 虽然闲鱼过去的一系列操作让二手交易变得越来越正规，可职业卖家与个人卖家对于规则的适应水平可谓是天壤之别。 抛开退货和抽成规则，自己的闲置卖不出去更让个人卖家头疼。如今在社交平台上，吐槽闲鱼发布二手物品层层设限，稍不注意就被判定违规的帖子可以说比比皆是，甚至有用户反映连卖个耳温枪都会被下架。即使通过层层审核成功上架，个人卖家的三两句话描述，显然也比不过职业卖家精心包装的“小作文”。 以至搜索相机、耳机、手机等热门数码产品，前20个结果中甚至有大量都是职业卖家，点进去要...

wildpixel/iStock via Getty Images Oil's Hormuz Spike May Be Real, But Its Staying Power Looks Far Less Certain We are all certainly well aware of the current situation in the Middle East. It is a very disturbing situation, but I still take a somewhat contrarian view of what the market may be pricing from here. I will lay out that view in more detail below. It points to a real disruption in energy transport. The strait handles roughly a fifth of global oil and LNG flows, so any serious disruption matters fast. Prices are already rising, and regional logistics are under pressure. I am still maintaining a Sell view on oil, but not in the same short-term way as before. In the near term, the bullish case is easy to understand. If transit remains impaired, the market is right to keep a significant premium in the price. But the stronger and more durable thesis is that in the medium term, if the disruption proves temporary or at least manageable, the market may still be overpricing how long this shock can keep crude elevated. In other words, I am no longer looking at this as a "sell the spike" call. I am looking at it as a conditional fade of an overextended geopolitical premium if the next few weeks show that this is not turning into a sustained supply impairment. Map of Hormuz (JagranJosh) Why logistics is now more important than the EIA outlook The broader fundamental argument against permanently high oil prices still exists. The old logic has not disappeared; the market entered 2026 with a much weaker medium-term backdrop than the current headlines imply. But right now, the market is not trading next year's balance first. It is trading flow risk, vessel access, freight costs, insurance, and the duration of disruption through Hormuz . That distinction matters. The market can be correct in pricing a sharp near-term shock and still be wrong in pricing how long that shock lasts. That is the key difference between a short-lived panic premium and a durable repricing of global...

Capital Power press release ( CPXWF ): Q4 GAAP EPS of -C$0.12. Revenue of C$1.08B (+26.6% Y/Y). More on Capital Power Corporation Capital Power: U.S. Acquisition Strategy Firing On All Turbines Capital Power Corporation (CPX:CA) Analyst/Investor Day - Slideshow Capital Power Corporation (CPX:CA) Analyst/Investor Day Transcript Apollo Global, Capital Power sign MOU to acquire natural gas assets in U.S. Seeking Alpha’s Quant Rating on Capital Power Corporation

(RTTNews) - U.K.'s equity benchmark FTSE 100 is moderately higher a little past noon on Wednesday with stocks gaining some ground in positive territory on bargain hunting after two successive days of steep declines. U.S. President Donald Trump's announcement that the U.S. Navy would escort oil tankers through the Strait of Hormuz to safeguard maritime trade in the Gulf and help stabilize surging global energy prices, is aiding sentiment a bit. The U.S. Development Finance Corporation (DFC) has confirmed its readiness to extend political risk insurance and guarantees for energy shipments passing through the Gulf. Shares of mining companies are finding good support, while bank stocks are turning in a mixed performance after recent fall. The FTSE 100 was up 59.70 points or 0.57% at 10,543.83 nearly half an hour past noon. Miners Antofagasta, Anglo American Plc and Fresnillo are gaining 4.2%, 2.5% and 2.4%, respectively. Endeavour Mining is up 1.7%, Glencore is up 1.5% and Rio Tinto is advancing 1.3%. Metlen Energy & Materials is rising 4.2%. Informa, Intertek Group, Entain, Standard Life, Next, Imperial Brands, St. James's Place, JD Sports Fashion, Croda International, Intercontinental Hotels Group, Marks & Spencer, Aviva, Sainsbury (J), Tesco and M&G are up 1.7%-3%. Weir Group is declining 8.4% after full-year earnings dropped from last year. Autotrader Group is down more than 2%, while BP, LSEG, The Sage, Group, Shell, Bunzl and Melrose Industries are down 1%-1.6%. British homebuilder Vistry Group is down nearly 20% after an announcement that its executive chairman Greg Fitzgerald would step down over the next year. The S&P Global UK Composite PMI stood at 53.7 in February 2026, unchanged from January's 17-month high but slightly below the preliminary estimate of 53.9. The reading signaled a solid expansion in private sector activity, extending the current growth streak to ten months. The S&P Global UK Services PMI was confirmed at 53.9 in February 2026, just below J...

Vail Resorts, Inc. MTN is scheduled to report its second-quarter fiscal 2026 results on March 9, after the closing bell. In the last quarter, its adjusted earnings beat the Zacks Consensus Estimate by 0.6%. Notably, MTN delivered better-than-expected earnings in three of the trailing four quarters and missed once, with an average surprise of 0.8%. Trend in Estimate Revision of MTN The Zacks Consensus Estimate for fiscal second-quarter earnings per share has remained unchanged at $6.05 over the past 30 days. In the prior-year quarter, the company reported adjusted loss per share of $6.56. For net revenues, the consensus mark is pegged at $1.12 billion, indicating a 1.9% decline from the year-ago quarter’s reported figure of $1.14 billion. Vail Resorts, Inc. Price and EPS Surprise Vail Resorts, Inc. price-eps-surprise | Vail Resorts, Inc. Quote Let us take a look at how things might have shaped up in the quarter to be reported. Factors Likely to Shape Vail Resorts’ Q2 Results Vail Resorts’ top-line performance in the second quarter of fiscal 2026 is likely to have been pressured by slower visitation trends and challenging early-season conditions across some key regions. Management noted a slow start to the Rockies and Tahoe resorts due to below-average early-season snowfall, which is likely to have weighed on visitation during the early part of the ski season. Owing to these factors, our model predicts Mountain net revenues for the to-be-reported quarter to decline year over year by 1.5% to $1.05 billion. That said, the Season Pass program is likely to have continued providing stability to the business. Advance commitment products remain a key part of the strategy, with millions of guests committing to the upcoming ski season in advance, helping secure a meaningful portion of skier visits and revenues ahead of the winter season. In addition, Vail Resorts’ marketing initiatives and product innovations are likely to have supported guest engagement. We expect Lodging net...

India stepped up plans to shield its economy as the worsening conflict in the Middle East disrupted oil and gas supplies and put millions of Indian workers in the region at risk. The government on Tuesday set up a panel to monitor risks and keep exports and imports running smoothly in the face of disruptions. Officials also reviewed petroleum reserves to ensure adequate buffer stocks and directed state-run refiners to diversify sources of crude beyond West Asia. The Reserve Bank of India stepped up surveillance of the currency market and traders said Wednesday the central bank intervened to curb volatility after the rupee plunged to a record low. India is one of the more vulnerable economies in Asia to the fallout from the US-Israeli war against Iran. India imports about 90% of its oil, with about half of that coming from Persian Gulf countries, where trade through the key Strait of Hormuz has virtually come to a halt. Crude prices have surged around 15% since the attacks on Iran over the weekend, which economists say will pose serious risks to India’s current account, currency and inflation if the conflicts persists. “If there is an escalation and this continues for a relatively longer time, it could have a severe implication in terms of the pricing of oil,” said Indranil Pan , chief economist at Yes Bank. “And that would be negative in terms of the current account and balance of payments.” Officials say India has nearly eight weeks of commercial and strategic stockpiles of crude and products, so it may not feel an immediate pinch in oil. The bigger concern is cooking gas, where households may run into shortages in the coming weeks because of a halt in liquefied petroleum gas from the Persian Gulf. India is the world’s second-largest LPG buyer and buys more than 90% of its supply from the Middle East, according to data intelligence firm Kpler. A government official said on Tuesday that India’s LPG stocks can stretch nearly 30 days. Oil Appetite If crude supplies th...

Toll Brothers' focus on luxury homes positions it for outperformance, said Truist. The investment firm initiated the homebuilder at a buy rating and $190 price target, implying upside of 24%. Analyst Jonathan Bettenhausen called Toll Brothers as a value play. He said that the company's emphasis on the luxury market differentiates it from competitors, while its higher price point has also helped boost Toll Brothers to category leader status. TOL 1Y mountain TOL 1Y chart "TOL is undervalued compared to our view of future ROE potential. The company is uniquely positioned to benefit from any greenshoots in the resilient luxury home market in 2027," he said. "We think that the company is somewhat insulated from the affordability issues facing low end builders and TOL faces very limited national competition at the luxury price point. Given this, we think the company will continue to deliver relatively consistent results in a challenging market." The analyst added that while some investors have steered away from Toll Brothers in favor of plays on the lack of affordable home supply, the luxury market has consistently proven itself as resilient among the current macroeconomic backdrop. For instance, buyers at the $1 million price point are less impact from more expensive financing versus first-time entry-level buyers, he wrote. "We think this has created a valuation dislocation opportunity for patient investors, as we are modeling the stock will meaningfully over-perform," he added. Bettenhausen predicts that 2026 will be a contraction year for homebuilder revenues, with unit declines also impacting some names. However, he believes that demand will rebound in 2027 thanks to an incrementally more optimistic consumer. "Overall, we think the structural undersupply of homes in the U.S. is constructive to longer term growth in the industry," he wrote. Shares of Toll Brothers have added 14% this year and 42% over the past 12 months.

Nexxen International Ltd. press release ( NEXN ): Q4 Non-GAAP EPS of $0.33 beats by $0.02 . Revenue of $100.7M (-10.3% Y/Y) beats by $0.31M . Contribution ex-TAC of $97.8 million, down 7% year-over-year (-1% excluding political) Programmatic revenue of $94.3 million, down 4% year-over-year (+2% excluding political) CTV revenue of $30.1 million, down 19% year-over-year (-12% excluding political) CTV revenue reflected 32% of programmatic revenue, compared to 38% in Q4 2024 Programmatic revenue increased to 94% of revenue, from 88% in Q4 2024 Adjusted EBITDA of $33.9 million, down 23% year-over-year, representing a 35% Adjusted EBITDA Margin on a Contribution ex-TAC basis (34% on a revenue basis), compared to 42% on a Contribution ex-TAC basis (39% on a revenue basis) in Q4 2024 Video revenue represented 72% of programmatic revenue, compared to 75% in Q4 2024. Financial Guidance Nexxen provides the following financial guidance for full year 2026: Contribution ex-TAC in the range of $375 - $390 million (approximately 8% year-over-year growth at the midpoint) Programmatic revenue in the range of $367 - $381 million (approximately 10% year-over-year growth at the midpoint) Adjusted EBITDA in the range of $122 - $132 million (approximately 10% year-over-year growth at the midpoint, representing a 33% Adjusted EBITDA Margin at the midpoint of Contribution ex-TAC and Adjusted EBITDA guidance) More on Nexxen International Ltd. Nexxen secures approval for new $40M buyback program Seeking Alpha’s Quant Rating on Nexxen International Ltd. Historical earnings data for Nexxen International Ltd. Financial information for Nexxen International Ltd.