格隆汇2月11日｜以色列国防部11日说，以色列已完成对“大卫投石索”中程防空系统的一系列“复杂测试”。以色列国防部在声明中说，此次测试成功标志着“大卫投石索”系统在技术和作战层面“又取得一项突破”。这一系列测试基于从战争中吸取的“作战经验教训”，包含一系列“符合现有和不断演变威胁”的场景。

Progressive Investment Management Corp acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,677 shares of the semiconductor manufacturer's stock, valued at approximately $13,420,000. Broadcom comprises about 3.3% of Progressive Investment Management Corp's portfolio, making the stock its 9th biggest position. Get Broadcom alerts: Sign Up Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Broadcom during the 2nd quarter worth approximately $18,579,549,000. Vanguard Group Inc. increased its holdings in shares of Broadcom by 1.3% in the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer's stock worth $133,261,046,000 after acquiring an additional 6,222,802 shares in the last quarter. Edgewood Management LLC acquired a new stake in Broadcom during the 2nd quarter worth approximately $1,571,438,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Broadcom by 115.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,017,340 shares of the semiconductor manufacturer's stock worth $1,658,680,000 after acquiring an additional 3,224,739 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Broadcom by 8.4% in the 2nd quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer's stock valued at $10,598,641,000 after purchasing an additional 2,978,768 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock. Wall Street Analysts Forecast Growth A number of research firms have recently issued reports on AVGO. Deutsche Bank Aktiengesellschaft set a $430.00 price objective on shares of Broadcom and gave the c...

Twin Capital Management Inc. lessened its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 21.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,783 shares of the semiconductor manufacturer's stock after selling 22,093 shares during the quarter. Broadcom comprises approximately 3.4% of Twin Capital Management Inc.'s investment portfolio, making the stock its 5th biggest holding. Twin Capital Management Inc.'s holdings in Broadcom were worth $26,651,000 as of its most recent SEC filing. Get Broadcom alerts: Sign Up A number of other large investors also recently modified their holdings of the stock. JCIC Asset Management Inc. acquired a new stake in shares of Broadcom in the 3rd quarter valued at $31,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Broadcom during the second quarter valued at $27,000. Teachers Insurance & Annuity Association of America bought a new position in Broadcom in the second quarter valued at about $28,000. Manning & Napier Advisors LLC acquired a new stake in Broadcom in the third quarter worth about $34,000. Finally, LGT Financial Advisors LLC bought a new stake in Broadcom during the 2nd quarter worth about $31,000. 76.43% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling In related news, CFO Kirsten M. Spears sold 30,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the completion of the sale, the chief financial officer directly owned 277,237 shares of the company's stock, valued at approximately $96,428,573.34. This represents a 9.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hock E. Tan sold...

Smartleaf Asset Management LLC grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 43.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,996 shares of the semiconductor manufacturer's stock after buying an additional 17,180 shares during the period. Broadcom accounts for about 1.2% of Smartleaf Asset Management LLC's investment portfolio, making the stock its 8th largest position. Smartleaf Asset Management LLC's holdings in Broadcom were worth $18,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Get Broadcom alerts: Sign Up Several other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Broadcom in the 2nd quarter worth $18,579,549,000. Vanguard Group Inc. lifted its position in shares of Broadcom by 1.3% in the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer's stock worth $133,261,046,000 after buying an additional 6,222,802 shares in the last quarter. Edgewood Management LLC bought a new position in Broadcom during the second quarter valued at approximately $1,571,438,000. Massachusetts Financial Services Co. MA boosted its stake in Broadcom by 115.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,017,340 shares of the semiconductor manufacturer's stock valued at $1,658,680,000 after buying an additional 3,224,739 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Broadcom by 8.4% during the 2nd quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer's stock valued at $10,598,641,000 after buying an additional 2,978,768 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock. Insider Transactions at Broadcom In other news, Director Harry L. You acquired 1,000 shares...

文章提及标的 东望时代 -- 东望时代（600052）公告，公司拟以现金方式购买科冠聚合物51%股权，交易对价为1.94亿元。本次交易完成后，科冠聚合物将成为公司控股子公司并纳入合并报表范围。交易对方为野风集团有限公司、东阳市源泰实业投资合伙企业(有限合伙)、浙江野风创业投资有限公司及东阳市野风控股有限公司。

lcva2/iStock Editorial via Getty Images Microsoft ( MSFT ) ( MSFT:CA ) stock finally looks attractive after its recent drop. It fell for a few reasons. First, it got caught in the software sector sell-off, where almost all software stocks sold off due to AI fears, some of which are overexaggerated. It also sold off after earnings on January 28 because the market is scared about its high CapEx spending and the fact that OpenAI ( OPENAI ) makes up a large portion of its backlog. There were also some concerns about slowing Azure growth and falling margins. On the other hand, Microsoft stock is now reasonably priced, growth is still strong, and I don't believe that all the big tech companies would spend such massive amounts on CapEx if they didn't see an opportunity. On top of that, I can't help but notice that the chart setup favors buying MSFT stock, since it's bouncing off a support level. Therefore, I give MSFT stock a Buy rating. Microsoft's Q2 2026 Headline Results Were Solid The company's headline results for Q2 2026 were pretty good for the most part, with non-GAAP EPS of $4.14 (up from $3.23) beating estimates by $0.22 and revenue of $81.3 billion (up 16.8% YoY) beating estimates by $1.02 billion. Further, operating income grew 19% in constant currency to $38.3 billion. The Intelligent Cloud segment was the winner, with revenue up 28% in constant currency to $32.9 billion. Productivity and Business Processes revenue growth was more modest at +14% YoY in constant currency to $34.1 billion, while the More Personal Computing segment actually decreased by 3% to $14.3 billion. Now, let's look a little bit deeper. What To Make Of The $625B Backlog It's clear that a bet on MSFT is a bet on Microsoft Cloud because that segment reached $51.5 billion in revenues, up 24% in CC. But one of the most eye-popping parts of the report was this: "commercial remaining performance obligation increased 110% to $625 billion." Equally eye-popping was when CFO Amy Hood stated during t...

lcva2/iStock Editorial via Getty Images Microsoft ( MSFT ) ( MSFT:CA ) stock finally looks attractive after its recent drop. It fell for a few reasons. First, it got caught in the software sector sell-off, where almost all software stocks sold off due to AI fears, some of which are overexaggerated. It also sold off after earnings on January 28 because the market is scared about its high CapEx spending and the fact that OpenAI ( OPENAI ) makes up a large portion of its backlog. There were also some concerns about slowing Azure growth and falling margins. On the other hand, Microsoft stock is now reasonably priced, growth is still strong, and I don't believe that all the big tech companies would spend such massive amounts on CapEx if they didn't see an opportunity. On top of that, I can't help but notice that the chart setup favors buying MSFT stock, since it's bouncing off a support level. Therefore, I give MSFT stock a Buy rating. Microsoft's Q2 2026 Headline Results Were Solid The company's headline results for Q2 2026 were pretty good for the most part, with non-GAAP EPS of $4.14 (up from $3.23) beating estimates by $0.22 and revenue of $81.3 billion (up 16.8% YoY) beating estimates by $1.02 billion. Further, operating income grew 19% in constant currency to $38.3 billion. The Intelligent Cloud segment was the winner, with revenue up 28% in constant currency to $32.9 billion. Productivity and Business Processes revenue growth was more modest at +14% YoY in constant currency to $34.1 billion, while the More Personal Computing segment actually decreased by 3% to $14.3 billion. Now, let's look a little bit deeper. What To Make Of The $625B Backlog It's clear that a bet on MSFT is a bet on Microsoft Cloud because that segment reached $51.5 billion in revenues, up 24% in CC. But one of the most eye-popping parts of the report was this: "commercial remaining performance obligation increased 110% to $625 billion." Equally eye-popping was when CFO Amy Hood stated during t...

文章提及标的 原油 -- 美原油 -- WTI原油站上65美元/桶，日内涨1.63%。

Vishay Precision press release ( VPG ): Q4 Non-GAAP EPS of $0.07. Revenue of $80.6M (+10.9% Y/Y). Near-Term Outlook“For the first fiscal quarter of 2026 at constant fourth fiscal quarter 2025 exchange rates, we expect net revenues to be in the range of $74 million to $80 million,” said Mr. Shoshani More on Vishay Precision Vishay Precision Group: A Better Business, Still Not A Better Entry Point Seeking Alpha’s Quant Rating on Vishay Precision Historical earnings data for Vishay Precision Financial information for Vishay Precision

stockcam/iStock Unreleased via Getty Images Executive Summary As of February 10th, Spotify Technology's ( SPOT ) business appears to be operating from a position of strength. In its Q4 2025 earnings report, the company reported 290 million Premium subscribers and 751 million monthly active users. The company holds a commendable 31.7% global market share. The market reacted euphorically, trading up ~12% in pre-market trading. However, we believe this reaction is an ideal exit opportunity for value investors. While the Q4 report was strong, the forward guidance and deceleration confirm our long-term thesis. Q1 2026 guidance has forecast a sharp drop in net subscriber additions to only 3 million. Structural risks to the overall business model outweigh the positive sentiment. These include label economics, competitive pressures by Big Tech, and a core demographic facing real economic headwinds in H2 2026. At current valuations, now even more stretched following the recent price action, these structural risks will only compound. It is our assessment that the positive pillars do not support the heavy burden. Our position is that this price is unsustainable, and we believe this thesis will play out in the next 12 months. Our recommendation is a long-term sell. Q4 Analysis: The Last Hurrah? The bull case for Spotify rests on backward-looking growth, ignoring the economic reality facing everyday Americans in a K-shaped economy. While Spotify delivered Q4 revenue of €4.53 billion, up 7% YoY, and expanded gross margins to 33.1%, driven by cost cuts and price hikes. The future looks less robust as we will highlight structural shortfalls. Management's 2026 Q1 guidance forecasting 3 million net premium subscribers along with €4.5 billion in revenue suggests the pricing level has been exhausted. Furthermore, mounting pressure from YouTube's superior ad-revenue model for podcasts is a threat to the long-term dominance of Spotify. Pricing Power and Revenue Tailwinds The bull case re...

歡迎收看《世界觀》。 墨西哥最近有民眾，因不滿買不到南韓人氣組合「防彈少年團」BTS的演唱會門票而上街，甚至變成外交事件，為何K-Pop在當地會有如此影響力呢？ 墨西哥首都墨西哥城，有人拉橫額上街，她們不是要求甚麼政治訴求，或是不滿當地經濟情況而上街，她們是南韓人氣組合「防彈少年團」BTS的粉絲。她們不滿的，是買不到BTS在當地演唱會的門票，質疑售票欠缺透明度，要求交代。總統辛鮑姆早於一周前，已意識到BTS演唱會場數太少，會引發「政治危機」，表示會致函予南韓總統李在明。 墨西哥總統辛鮑姆說：「這隊BTS樂團，在墨西哥年輕一代十分受歡迎，他們在5月會舉行演唱會，大約一百萬年輕人會搶購，但只有15萬張門票出售。」 暫時無報道李在明有沒有收到辛鮑姆的來信，但BTS在墨西哥5月只開3場演唱會的計劃沒變，暫時沒有加場的消息。 先看看K-Pop在墨西哥人氣有多盛。根據音樂串流平台Spotify的統計數字，墨西哥有超過1,400萬K-Pop歌迷，即近乎香港兩倍人口，是全球第5多。當地29歲以下青年，10個中有7個是K-Pop粉絲，他們平均每天聽655分鐘，即約11個小時K-Pop，更有超級粉絲由早到晚，超過15小時也是聽K-Pop。過去5年K-Pop串流量，有超過百分之500的增長。 當地少年會同全球其他K-Pop歌迷一樣，組織歌迷會，但數量有過之而無不及。他們會不時舉辦活動，並在街頭表演，模仿偶像跳舞。 防彈少年團七名成員陸續完成兵役，下月起以全員回歸的姿態，發行首張專輯，並舉行世界巡迴演唱會。對全球期待已久的歌迷來說，要一睹偶像風彩，蜂擁搶演唱門票不難理解。K-Pop熱潮方興未艾，但為何一個與南韓相距甚遠的中南美國家，對她的流行音樂如此著迷呢？ 有分析指，中南美出生率偏高，而當地年輕人與其他國家一樣，主要透過社交媒體及串流平台聽流行音樂，K-Pop便是透過這途徑，佔據當地市場。 更有學者指出，K-pop音樂的節奏，與當地一種叫「雷鬼動」Reggeaton的音樂風格相似，主要是強勁的節奏，加上Hip Hop元素。但與「雷鬼動」歌詞內容主要涉及暴力、女性及夜生活等，不同K-pop歌詞內容，多數都是講及愛情、友情及家庭等，較積極陽光一面，透過音樂，令當地年輕人對正面的人生觀產生共鳴。 加上K-Pop歌手，通常是經過漫長及艱辛的練習生時期，可才正式出道踏上舞台，這令一個偶像背後更有故...

Plug Power (NASDAQ: PLUG) sits at the center of AI data center growth and green hydrogen demand. If execution improves, profitability could finally arrive. If not, dilution may crush the stock in 2026. Stock prices used were the market prices of Jan. 30, 2026. The video was published on Feb. 2, 2026. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Should you buy stock in Plug Power right now? Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Plug Power wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $439,362!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,164,984!* Now, it’s worth noting Stock Advisor’s total average return is 918% — a market-crushing outperformance compared to 196% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of February 11, 2026. Rick Orford has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opini...

Key Points An exchange-traded fund (ETF) can be a less risky way to gain exposure to artificial intelligence (AI) than buying individual stocks. VanEck Semiconductor ETF has a great track record over the short and long terms. 10 stocks we like better than VanEck ETF Trust - VanEck Semiconductor ETF › Artificial intelligence (AI) is the fastest-growing secular trend today, and it's still in its early stages. So, there should be plenty of growth opportunities for long-term investors. Nvidia (NASDAQ: NVDA) rightfully receives much attention in the AI space, as its graphics processing units (GPUs) are widely considered the "gold standard" for training AI models and deploying AI applications. Micron Technologies (NASDAQ: MU) has also been garnering significant recent coverage in the financial press. Its stock has been soaring amid the AI revolution's ravenous demand for memory chips, creating a supply crunch. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » These are two great stocks -- and there are other attractive stocks in the AI sector. But AI stocks are also volatile, and in the fast-evolving AI space, the current winners may struggle in the future. That's why some investors might prefer buying an exchange-traded fund (ETF) in addition to, or instead of, individual stocks. ETFs let you diversify your investments, and they trade like stocks. My "best AI ETF" pick is up big over the last year In mid-January 2025, I wrote: The best AI-focused ETF, in my opinion, is not one with artificial intelligence or AI in its name; it's the VanEck Semiconductor ETF (NASDAQ: SMH). Semiconductors, or chips, are the building blocks of AI infrastructure, such as servers in data centers and the electronic items AI is "smartening" up, from smartphones to cars. Over the one-year period through Feb. 10, this ETF returned 62.6% -- nearly four times the S&P 500's 15.9% r...

Key Points A new version of DeepSeek is reportedly better than both ChatGPT and Claude on coding. Tech investors have been growing concerned about sky-high spending on artificial intelligence. 10 stocks we like better than Nvidia › It was a little more than a year ago that tech stocks fell sharply and briefly due to concerns that an artificial intelligence (AI) chatbot from a Chinese-based company, DeepSeek, could offer significant competition to ChatGPT and other models. While that led to a brief decline for Nvidia (NASDAQ: NVDA) and other tech stocks, they did end up recovering. But the concern around heavy spending on AI continues to weigh on investors' minds these days. And those fears may reach new heights as DeepSeek may be about to release its newest model sometime this month. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The new DeepSeek could again be better than ChatGPT The latest DeepSeek model, V4, is expected to come out later this month -- potentially around Lunar New Year. And according to reports, it outperforms ChatGPT and Claude, particularly on tasks that involve long coding prompts. If true, it could deal a blow to Nvidia and other tech stocks yet again. If there's a cheaper and more efficient model that is able to keep up with top U.S. chatbots, that will once again raise question marks about whether the level of AI spending is truly justifiable. While it may be tempting to assume it's just going to be a repeat of last year, there is arguably a bit more concern around AI spending nowadays, as tech companies continue to announce increases in capital expenditures. Even if DeepSeek v4 isn't as good as all U.S. chatbots, if it shows that it can offer formidable competition, that may be enough to disrupt the markets once again. Should you buy Nvidia's stock if it falls? Nvidia's ...

文章提及标的 金城医药 -- 金城医药（300233）公告，控股子公司广东金城金素制药有限公司及全资子公司上海金城素智药业有限公司参加了国家组织集采药品协议期满品种接续采购办公室组织的国家组织集采药品协议期满品种接续采购的投标工作，头孢曲松钠注射剂、头孢他啶注射剂等七个品种拟中选本次接续采购。

This article first appeared on GuruFocus. BETA Technologies (NYSE:BETA) shares surged about 15% on early Wednesday after a regulatory filing showed Amazon.com (NASDAQ:AMZN) has taken a 5.3% stake in the electric aviation company. The filing shows Amazon beneficially owns 11,753,896 shares of BETA's Class A common stock. The stake is held through NV Investment Holdings LLC, a wholly owned subsidiary. Amazon has sole voting and dispositive power over the shares. The ownership represents 5.3% of BETA's outstanding Class A shares. The percentage calculation was based on 220,528,649 shares outstanding as of Dec. 1, 2025, the filing said. BETA Technologies, based in South Burlington, Vermont, develops electric aircraft and charging infrastructure for advanced air mobility and cargo transport. The disclosure comes as investor interest in electric aviation and sustainable aerospace technology continues to build, with strategic investments often viewed as a signal of long-term commercial partnerships.

BETA Technologies BBETA shares surged about 15% on early Wednesday after a regulatory filing showed Amazon.com AMZN has taken a 5.3% stake in the electric aviation company. The filing shows Amazon beneficially owns 11,753,896 shares of BETA's Class A common stock. The stake is held through NV Investment Holdings LLC, a wholly owned subsidiary. Amazon has sole voting and dispositive power over the shares. The ownership represents 5.3% of BETA's outstanding Class A shares. The percentage calculation was based on 220,528,649 shares outstanding as of Dec. 1, 2025, the filing said. BETA Technologies, based in South Burlington, Vermont, develops electric aircraft and charging infrastructure for advanced air mobility and cargo transport. The disclosure comes as investor interest in electric aviation and sustainable aerospace technology continues to build, with strategic investments often viewed as a signal of long-term commercial partnerships.

文章提及标的 格力博 -- 格力博（301260）公告，公司拟参与投资由音波迭代私募基金管理(上海)有限公司管理的上海音波迭代硅基创业投资合伙企业(有限合伙)。合伙企业认缴出资总额1.24亿元，公司作为有限合伙人认缴出资额500万元，认缴比例为4.0258%。

亚马逊 药房业务将于今年年底前，将处方药当日达服务扩展至美国约4500个城镇，新增近2000个社区覆盖。 该公司周三表示，此次扩张范围包括爱达荷州和马萨诸塞州等州。 亚马逊于2018年通过收购PillPack推出了药品配送服务。去年10月，该公司与WeightWatchers达成合作，为这家体重管理公司的会员配送包括GLP‑1类减重注射剂在内的药物。 去年12月，亚马逊还开始在旗下One Medical基层医疗机构的电子服务终端上，为部分常用药提供处方配药服务。One Medical是亚马逊在2023年收购的全国性基层医疗服务机构，患者只需每年支付199美元的订阅费，即可享受基础医疗和急诊服务。 责任编辑：李肇孚

Palantir Technologies has announced the extension of its collaboration with Airbus through a multi-year agreement, confirming a relationship that has driven innovation across the aerospace industry for over a decade. Under this renewed contract, Airbus will continue to rely on Palantir for Skywise, its civil aviation open data platform. The Skywise platform enhances aircraft and equipment designs and enables greater efficiency, safety and sustainability in the production of civil aircraft across the Airbus industrial footprint. It also improves the performance of airlines’ operations by combining in-flight engineering and operational data in an analytic rich environment, enabling airlines to address their main challenges. This renewed commitment comes at a pivotal time, as the aerospace sector faces demands for innovation, agility, and competitiveness. With this renewed collaboration, Palantir will provide Airbus and its customers with continued access to cutting-edge, scalable technology while upholding the highest standards of security, confidentiality and data governance. In alignment with Airbus’ requirements, this partnership enables seamless migration to sovereign cloud environments, providing Airbus with the flexibility to meet evolving regulatory and operational requirements. Since 2015, Palantir’s team in France has worked alongside Airbus to deliver and evolve the Skywise platform, which supports planning, supply chain management, airlines’ operations and aircraft production. Today, 50,000+ users rely on the Skywise platform in their daily operations. Josh Harris, Executive Vice-President at Palantir, remarked: “The multi-year extension is a testament to the bold vision we share with Airbus—to reimagine the role of technology in civil aviation. “Together, we will continue to deliver secure, AI-enabled capabilities with multiple LLMs that improve operational performance from manufacturing and supply chain to maintenance and flight operations.”

财联社2月11日讯（记者 封其娟） 上海公募行业合规监管在2026年迎来质变，摒弃流于表面的形式化合规。 上海市基金同业公会2月10日通过微信公众号发文指出，上海市基金同业公会理事会合规风控专业委员会2026年度第一次会议暨督察长联席会议，已于2月2日召开。中国证监会、上海证监局相关处室负责人，以及上海地区75家公募基金公司的总经理或督察长出席会议。 相较于半年前同业公会召开的2025年度上海地区公募基金公司督察长联席会议，此次会议在参会规格、监管导向、议题聚焦等多个维度呈现明显变化，具体可概括为六大方面： 其一，会议频次不同。去年8月召开的是“年度会议”，聚焦全年监管总结与部署；今年2月召开的是“年度第一次会议”，旨在体现监管常态化、动态化趋势。 其二，去年会议由上海证监局主导，今年会议由中国证监会、上海证监局相关处室联合牵头。参会人员也由去年的“督察长或合规负责人”扩至今年的“总经理或督察长”，监管压力逐步上移，合规风控工作从“合规部门的专项工作”上升为“公司战略层面的核心议题”。 其三，议题聚焦与监管重心演变。去年8月会议主要通报了2024年监管措施、投诉案例，偏重复盘总结；今年2月会议直击直播营销合规、基金分类评价、净值估算功能停用等新兴风险点。 其四，从泛化要求转向精准打击。去年8月会议提出“保障信息系统稳定运行”“优化投资者诉求响应机制”等泛化要求；今年2月会议则围绕行业高质量发展、廉洁从业、基金销售行为规范、投资纠偏的合理平衡、考核激励、公司治理、行业文化等议题充分交流，针对行业多处痛点形成多项共识性意见。 其五，行业治理升级：去年8月会议强调“安全稳定”，今年2月会议则强调，合规风控是基金行业高质量发展的基石，各公司需聚焦行业共性问题凝聚共识。另外，今年会议首次强调“中国特色金融文化建设”。 其六，监管力度强化：去年8月会议要求“开展风险隐患排查整治工作”；今年2月升级为“全面开展风险隐患自查自纠，实现风险早发现、早预警、早处置”。同业公会还表示，将在上海证监局的指导下，深化监管与行业协同。 财联社记者从沪上多位公募人士处获悉，这次会议通报了基金分类评价相关工作情况，并对直播营销业务提出规范性要求。结合此前行业内出现的违规案例，会议明确要求公募基金公司严守销售合规底线，严禁未取得销售资质的网络大V开展基金引流等相关活动，基金净值估算功能也按要求予以停...

An undercover officer who deceived three women into sexual relationships said his superiors did nothing to prevent him from doing so, the spycops public inquiry has heard. Jim Boyling, who infiltrated environmental and animal rights activist groups for five years, said senior managers turned a blind eye to undercover officers having deceitful sexual relationships with women, often lasting years. His managers adopted an attitude of “don’t ask, don’t tell”, he said. The three women have described how his betrayal devastated them. Boyling said he did not consider whether they would have consented to having an intimate relationship with him if they had known that he was a police spy. He believed that they would never discover his true identity “so it was not an issue”. Boyling received formal letters praising his covert work from the then home secretary, Jack Straw, and senior police officers for gathering information about protesters. This week, he is giving evidence to the inquiry, which is examining how about 139 undercover officers spied on predominantly leftwing campaigners between 1968 and at least 2010. A central issue is how undercover officers regularly formed longstanding sexual relationships with women using their fake personas. Last week, Sir John Mitting, the retired judge leading the inquiry, said the impact of the deceptive relationships on the women had “become very clear in the course of the hearings I have been conducting”. Boyling said the managers in his Metropolitan police unit, the Special Demonstration Squad (SDS), knew that the relationships were “inevitable”, but did not want to discuss the issue openly and left it up to the undercover officers to deal with them. He said: “At no time, before or during my deployment, was I ever specifically told not to have sexual relationships whilst in my undercover identity.” He said about half of the SDS undercover officers while he was in the unit had sexual relationships with activists without disclosing th...

小米集團－Ｗ(01810)出現大手買入16.32萬股，成交價$37.34，涉資609.389萬 AASTOCKS.com

Taylor Morrison Home Corporation press release ( TMHC ): Q4 Non-GAAP EPS of $1.91 beats by $0.17 . Revenue of $2.1B (-11.0% Y/Y) beats by $150M . Home closings revenue of $1.96 billion 3,285 closings at an average sales price of $596,000 Home closings gross margin of 21.8% SG&A ratio of 9.9% of home closings revenue Net sales orders of 2,499 78,835 homebuilding lots owned and controlled 54% controlled off balance sheet

DeepSeek正在推进新版本模型的灰度测试，或是V4正式亮相前的终极灰度版。 2月11日，部分用户打开DeepSeek App后收到更新版本的提示。APP更新后（1.7.4），用户可体验到DeepSeek 最新模型。 本次升级后，模型上下文长度将从128K扩展至1M，接近提升10倍；知识库更新至2025年5月，多项核心能力获得实质性提升。 作者实测发现，DeepSeek在问答中称，当前的版本很可能也不是V4， 极有可能是V3系列的最终进化形态，或是V4正式亮相前的终极灰度版。 野村证券于2月10日发布报告称， 预计2026年2月中旬推出的DeepSeek V4模型，不会重现去年V3发布时引发的全球AI算力需求恐慌。 该行认为， V4的核心价值在于通过底层架构创新推动AI应用商业化落地，而非颠覆现有AI价值链。 据测评， 新版本在复杂任务处理能力上已对齐Gemini 3 Pro及K2.5等主流闭源模型。 野村进一步指出，V4预计将引入mHC与Engram两项创新技术，从算法与工程层面突破算力芯片与内存瓶颈。内部初步测试显示，V4在编程任务中的表现已超越Anthropic Claude及OpenAI GPT系列同代模型。 此次发布的关键意义在于进一步压缩训练与推理成本，为全球大语言模型及AI应用企业缓解资本开支压力提供可行路径。 创新架构针对硬件瓶颈优化 野村证券报告指出，算力芯片性能与HBM内存瓶颈，始终是国产大模型产业绕不开的硬约束。 即将发布的DeepSeek V4所引入的mHC（超连接与流形约束超连接）与Engram架构，正是从训练与推理两个维度，针对上述短板进行系统级优化。 mHC ： 全称为“流形约束超连接”。它旨在解决Transformer模型在层数极深时，信息流动的瓶颈和训练不稳定的问题。 简单说，它让神经网络层之间的“对话”更丰富、更灵活，同时通过严苛的数学“护栏”防止信息被放大或破坏。 实验证明，采用mHC的模型在数学推理等任务上表现更优。 Engram ： 一个“条件记忆”模块。它的设计理念是将“记忆”与“计算”解耦。 模型中的静态知识（如实体、固定表达）被专门存储在一个稀疏的内存表中，这个表可以放在廉价的DRAM里。当需要推理时，再去快速查找。 这释放了昂贵的GPU内存（HBM），让其专注于动态计算。 mHC技术通过改善训练稳定性和收敛效率，在...

Indonesia biodiesel pause, rising output seen limiting palm oil gains Reuters

格隆汇2月11日｜WTI原油期货向上触及65美元/桶，最新报65.002美元/桶，日内上涨1.63%。

美联储将在主席杰罗姆・鲍威尔剩余任期内（直至5月）维持关键基准利率不变，但在他卸任后的6月立即降息。受访经济学家还表示，鲍威尔的潜在继任者凯文・沃什执掌下的政策可能存在过于宽松的风险。 超过70%的经济学家（主要来自银行与金融机构）也表示，他们担忧鲍威尔任期结束后，美联储的独立性会遭到严重侵蚀。 但对于这一担忧是否因美国总统唐纳德・特朗普上月提名凯文・沃什而发生变化，经济学家们意见不一——特朗普曾多次批评鲍威尔未快速降息。 此次民调结果出炉之际，市场对沃什的政策立场普遍感到困惑。他早期的文章与演讲显示其倾向于更紧缩的政策，但近期言论（包括对AI驱动生产力具有抗通胀作用的乐观判断），又暗示他偏向于降低借贷成本。 此外，多位经济学家表示，在沃什预计举行的提名听证会上听取更多表态前，他们需等待进一步信息，才能对美联储独立性做出更多判断。 路透社2月5日至10日的调查显示，101位预测者中约四分之三（75人）预计，美联储下月将连续第二次会议维持联邦基金利率不变，这与1月释放的信号一致；该比例高于上月的58%。 近60%的经济学家预计，到下一季度末，联邦基金利率将降至3.25%-3.50%区间，降息最可能在6月会议落地；而上月民调中，对届时利率水平尚无共识。 美国银行 美国经济学家Stephen Juneau表示：“沃什任内美联储今年将降息两次，但这未必基于清晰的经济逻辑。” “若美联储继续降息，届时财政政策料将比去年更具扩张性，这可能导致政策过度宽松。”他称。 调查预计，2025年第四季度美国经季调后的年化经济增速放缓至2.9%，低于第三季度的4.4%。 今年全年经济增速预计在2.0%-2.4%之间，高于美联储估计的1.8%非通胀增速；民调中位数显示，2026年全年平均增速从去年的2.2%上调至2.5%，为路透月度民调连续第三次上调。今年通胀率预计仍将显著高于美联储2%的目标。 多数预测者预计今年至少降息两次，与1月预期基本一致，但对年末利率具体水平仍无明确共识。 沃什被指政策或过于宽松 在回答附加问题的53位经济学家中，近所有人（49位）认为，沃什制定的政策更可能过于宽松，而非过紧。 道明证券美国宏观策略主管Oscar Munoz称：“很明显，沃什今年将推动进一步宽松。问题在于，他是会根据经济形势推动多几次降息，还是推动大幅降息。” “他在民主党执政时期历来偏鹰派，共和党...