A data center project expected to be leased by Nvidia Corp. sold $3.8 billion of junk bonds on Friday after receiving about $14 billion of orders from investors, an indication that lenders are eager to continue funding the buildout of artificial-intelligence infrastructure. Bloomberg's Aaron Weinman reports. (Source: Bloomberg)

重庆市日前正式印发《重庆市推进城市全域数字化转型行动计划》提出，到2027年，全面建成数字重庆体系能力，有力支撑现代化人民城市建设。发布基础空间图层超过1500个，可调度智算规模达到10万PFLOPS，数据供需满足率保持在96%以上，建设高质量数据集5000个，谋划打造综合场景200个，“渝快办”“渝快政”日活用户数超120万，新培育数据企业1000家，数字经济核心产业增加值占地区生产总值的比重达到11.1%。

金沙中國上年度業績，按年少賺一成四。 純利超過69億元，經調整物業EBITDA接近180億元，減少百分之0.7。末期息每股派0.5元。期內淨收入超過579億元，升逾半成。

據報富商馬斯克旗下的SpaceX，正考慮在上市計劃中，採取雙重股權結構，以加強對公司的控制。 《彭博》報道，雙重股權結構會讓部分股東，擁有額外投票權股份，將讓馬斯克等人士，即便持有少數股權，仍然可以維持對公司的控制權。 報道引述知情人士稱，公司還在增加董事會成員，以協助推進上市工作。 太空探索企業SpaceX，計劃今年稍後時間上市，集資規模或高達500億美元，折合約3,900億港元。

The World Health Organization on Friday released a formal statement blasting a US-funded vaccine trial as "unethical," because it would withhold an established, safe, and potentially lifesaving vaccine against hepatitis B from some newborns in Guinea-Bissau, Africa. "In its current form, and based on publicly available information, the trial is inconsistent with established ethical and scientific principles," the WHO concluded, after providing a bullet-point list of reasons the trial was harmful and low quality. The trial has drawn widespread condemnation from health experts since notice of the US funding was published in the Federal Register in December. The notice revealed that the Centers for Disease Control and Prevention—under anti-vaccine Health Secretary Robert F. Kennedy Jr.—had awarded $1.6 million to Danish researchers for their non-competitive, unsolicited proposal to conduct the trial. Read full article Comments

恐慌指数VIX重回20关口。 *三大股指分化，纳指跌0.22%； *中长期美债收益率大幅回落，2年期美债创四年低位； *美国1月CPI略好于预期，提振降息前景。 周五美股涨跌互现，通胀数据降温支撑了市场对美联储降息的预期，科技股仍然面临AI 相关担忧引发的剧烈波动。截至收盘，道指涨48.95点，涨幅0.10%，报49500.93点，纳指跌0.22%，报22546.67点，标普500指数涨0.05%，报6836.17点。 本周道指累计下跌1.28%，纳指跌1.49%，标普500指数跌1.45%。 标普500指数本周录得去年11月以来最大单周跌幅，道琼斯工业平均指数也将迎来去年11月以来最深周度跌幅。芝加哥期权交易所波动率指数（VIX）早盘一度触及 22.40 点高位，突破20的关键心理关口。 【热门股表现】 明星科技股跌多涨少。特斯拉涨0.09%，微软跌0.13%， 亚马逊跌0.41%，日线九连阴创近20年最差纪录 ，谷歌，Meta跌超1%，英伟达、苹果跌超2%。 费城半导体指数涨0.66%，甲骨文涨2.34%，高通涨1.61%，英特尔涨0.67%。 纳斯达克中国金龙指数跌0.1%，网易涨2.06%，拼多多涨0.06%，百度跌0.99%，京东跌1.38%，阿里巴巴跌1.89%。 【市场概述】 周三公布的1月美国就业数据强于预期曾引发市场疑虑，而周五的美国通胀数据重新点燃了投资者对美联储降息的希望。美国劳工统计局公布，衡量美国商品与服务成本的消费者物价指数（CPI）1 月环比上涨0.2%，同比上涨2.4%，略好于市场预期。剔除波动较大的食品和能源价格后，核心CPI环比上升0.3%、同比上升2.5%，符合预期。 芝加哥商品交易所集团（CME Group）的美联储观察工具显示，交易员将6月降息25个基点的概率上调至接近70%，并将全年降息两次的概率升至80%。 中长期美债收益率回落，与利率预期关联密切的2年期美债跌5.6个基点至3.409%，创近四年新低。基准10年期美债跌4.8个基点至4.055%。 纽约斯巴达资本证券公司首席市场经济学家彼得・卡迪略表示：“归根结底，这是一份不错的数据。它表明我们虽然未达到美联储2%的通胀目标，但通胀并未加速，或许在关税带来的通胀压力方面，我们开始看到一丝曙光。压力依然存在，但正在缓和。” Osaic首席市场策略师菲尔・布兰卡托表示：“对...

Panama is among a growing number of markets that have become a tough sell for Hong Kong investors amid geopolitical headwinds. There is understandable concern about a court ruling nullifying a Hong Kong company’s rights to run Panama Canal ports. City leaders have rightly been pushing back in concert with the central government. Chief Executive John Lee Ka-chiu on Tuesday urged Panama to ensure “fair and reasonable” treatment of Hong Kong firms operating or investing in the Latin American...

隨著農曆新年臨近，一股結合流行文化與傳統節慶的新穎風潮正在內地掀起熱議。《哈利·波特》系列中那位高傲的金髮反派跩哥·馬份（Draco Malfoy），竟因其內地譯名（德拉科·馬爾福）巧合地包含了「馬」與「福」字，意外成為龍年新春的另類「吉祥物」，相關創意商品更紅到海外，連演員本人也親自轉發報道。 網友創意引爆熱潮 「諧音梗」玩出新年商機 上觀新聞報道，一切源自內地網友「文刀李」的靈機一動。今年一月，該網友將馬爾福的劇照與傳統「福」字結合，設計成「馬爾福福字」，被其他網友解讀為「馬年爾等有福了」。這個充滿趣味的「食字」迅速在社交平台發酵，吸引大量《哈利·波特》粉絲轉發，並激發出更多創意。 隨後各式衍生商品紛紛湧現：除了基本的春聯、斗方，還有Q版馬份騎著卡通馬的雪櫃磁貼（寓意「馬上有福」）、手機殼、賀年貼紙等。在電商平台上，相關商品價格親民，介乎幾元至數十元人民幣之間，部分店舖更提供定制服務。有店舖顯示，只是24小時內已有過百人購買，反映這股融合中西文化的賀年風潮頗受年輕消費者歡迎。 海外媒體爭相報道 演員費爾頓親自轉發 這股來自東方的創意熱潮，很快引起了國際媒體的關注。包括路透社、BBC、《泰晤士報》、《衛報》、CNN及新加坡《海峽時報》在內的多家外媒均對此進行了報道。 外媒指出，馬份的英文原名「Malfoy」雖源於帶有負面意味的法語詞根，但其普通話音譯「馬爾福」卻因契合農曆馬年，而意外成為好運象徵。CNN更幽默地補充，即將結束的蛇年也與馬爾福有關聯，因為蛇正是其學院「史萊哲林」的標誌。 社交媒體上的一張圖片也得到了馬份電影角色演員湯姆·費爾頓的互動。圖片中，一間內地商場懸掛了巨幅海報，印有馬份頭像與春聯「德拉科里納萬福，魔法覺醒招百財」，間接為這股熱潮「蓋章認證」。 這現象不僅是商業創意的成功，更體現了當代流行文化與傳統節慶碰撞所產生的幽默與包容力。正如新加坡《海峽時報》引述外國網友的評論：「中國人真的太有趣了，我喜歡這一點。」在農曆新年講求好意頭的氛圍下，即使原作中的反派角色，也能透過語言和文化的巧妙轉化，成為傳遞祝福的媒介。

After beginning the year on a strong note, shares of e-commerce and cloud computing giant Amazon (NASDAQ: AMZN) have recently fallen off a cliff. Let's dig into why Amazon investors are running for the hills. Is now a good opportunity to buy the dip in Amazon, or is the stock turning into a falling knife ? Image source: Getty Images. Continue reading

David Abrams Reduces Stake in Meta Platforms Inc by 17.63% GuruFocus

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.05%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.18%. March E-mini S&P futures (ESH26 ) rose +0.03%, and March E-mini Nasdaq futures...

格隆汇2月14日｜重庆市日前正式印发《重庆市推进城市全域数字化转型行动计划》，明确要加快推进AI（人工智能）赋能数字重庆建设，塑造城市发展、服务、安全和治理新模式，率先走出超大城市现代化治理新路子。到2027年，全面建成数字重庆体系能力，有力支撑现代化人民城市建设。具体目标是，到2027年，重庆将发布基础空间图层超过1500个，可调度智算规模达到10万PFLOPS，数据供需满足率保持在96%以上，建设高质量数据集5000个，谋划打造综合场景200个；新培育数据企业1000家，数字经济核心产业增加值占地区生产总值的比重达到11.1%。为实现目标，行动计划部署了五大核心能力提升行动，覆盖数字底座、智能中枢、六大系统、基层智治、适数生态等。

Astera Labs stock price ticks up after-hours as Amazon warrant and margins dominate ALAB debate Bez Kabli

Palantir is down 27%, but the long-term math still favors bulls MSN

华见早安之声 请各位听众升级为见闻最新版APP，以便成功收听以下音频。 市场概述 美国CPI缓和通胀担忧 、提升降息预期，但 科技巨头压制美股涨势 ，纳指盘中转跌、四连跌， 标普 惊险止住三连跌、但 仍创近三个月最大周跌幅 。芯片股指和软件股反弹，本财季指引向好的应用材料涨超8%，AppLovin涨6.5%，但英伟达跌超2%；“科技七巨头”中仅特斯拉收涨， 亚马逊九连跌 ，苹果一周跌8%； AI恐慌冲击下 ， 全周嘉信理财 累计 跌近11% 、软件股AppLovin跌近4%、商业地产股CBRE跌16%、标普 房地产服务指数跌14% 、创五年最大周跌幅。四季度销售逊色的欧莱雅欧股跌近5%。 美CPI公布后， 美债 价格盘中 反弹 ，两年期美债收益率盘中逼近三年多低谷；美元指数转跌，盘中跌超百点失守6.91的离岸人民币收窄多数跌幅；加密货币加速反弹，比特币一度靠近7万美元、较日低涨近6%。 美CPI公布后， 金银 加速 反弹 ，黄金重新站上5000美元、盘中涨超2%，现货白银一度涨超5%；伦锡跌近6%、全周转跌，伦铜暂别两周低谷、仍连跌两周。媒体称OPEC倾向4月起恢复增产，原油盘中至少跌近1%，后转涨，暂别逾一周低位，但连跌两周。 亚洲时段，沪指失守4100点，半导体逆势走强，贵金属、海运调整，恒指跌1%，智谱狂飙超20%创历史新高，沪银大跌7%。 要闻 中国 中国 信贷开门红 ：1月新增社融7.22万亿，新增人民币贷款4.71万亿，M2同比增长9.0%。 中国1月70城房价 ：一二三线城市 环比降幅 总体 收窄 、 同比 降幅 继续扩大 。 金融监管总局 联合 市场 监管总局 、 中国央行 约谈六家出行平台企业 。 《互联网平台反垄断合规指引》 发布 ，明确“二选一”“全网最低价”等8个新型垄断风险。 中国 完成首次火箭一级箭体海上打捞回收 任务。 美团 预告： 2025年巨亏超230亿元 ，一季度将延续亏损。 DeepSeek 春节或再扔王炸，官方 披露正测试新模型结构 。 MiniMax 发布M2.5模型 ：1美元运行1小时，价格仅为GPT-5的1/20，性能比肩Claude Opus。 海外 美国 1月 CPI同比增长 放缓至2.4%、 低于预期 ， 核心CPI 同比 增速 创 将近五年来新低 ；华尔街认为通胀担忧暂歇，交易员预计 今年三次降息几率升至五成 。...

Seth Klarman's Strategic Moves: Amazon.com Inc. Takes Center Sta GuruFocus

格隆汇2月14日｜市场消息称，美国军方正在为必要情况下对伊朗开展为期数周的持续行动做准备。

'Marvellous' Manchester City set WSL standard in rampant 6-0 win over bottom side Leicester.

STORY: :: Lisa Bernhard, Reuters :: Nancy Tengler, CEO and Chief Investment Officer, Laffer Tengler Investments Financial markets, juiced for months with investor enthusiasm about the AI trade, got a rude awakening recently when software stocks around the globe sank on worries that fast-advancing AI tools could upend the industry. ServiceNow's stock, which Tengler's firm owns, has plunged roughly 30% year-to-date, "and it was down 27% last year," she notes, calling the drop "one of the most befuddling sell-offs that I've seen in my career." "ServiceNow is the conductor of AI on the cloud and is vertically integrating to agentic security," Tengler said. "And many other areas of the vertical integration are important and I think are a moat for the company. But the market doesn't agree with me." Speaking with Reuters' Lisa Bernhard, Tengler also described why her firm recently bought more shares of Microsoft, Palantir and Apple, among other tech stocks. And, she addressed the Friday release of the Consumer Price Index for January, noting how the cost of services "has been a problem all the way through this inflationary regime."

Christina Stembel, Founder & CEO of Farmgirl Flowers joins Bloomberg Businessweek Daily to discuss her company's busy season, saying that Valentine's Day is actually a "warm-up" ahead of expected demand for Mother's day. Stembel also discusses how and where customers are spending their money across the Farmgirl Flowers product lineup, labor and materials costs amid an ongoing tariff environment, and more. Stembel speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

Marc Pinto, Moody’s Global Head of Private Credit, discusses rising investor anxiety amid a year-to-date decline in software stocks. He speaks with Katie Greifeld and Bailey Lipschultz on The Close. (Source: Bloomberg)

Earnings Call Insights: Farmer Bros. Co. (FARM) Q2 2026 Management View CEO John Moore stated that the quarter was more challenging for Farmer Brothers, citing “pressure across our results due to higher cost inventory flowing through our COGS and continued micro and macroeconomic pressures.” He highlighted year-over-year improvement in selling and general and administrative costs, with gross margin maintained above 35%, and reiterated the company’s expectation for gross margin to remain above this level for the remainder of fiscal 2026. Moore noted, “our adjusted EBITDA for the quarter was only slightly positive at approximately $0.5 million.” He reported a decrease in total coffee pounds of just under 3% and a 1% decrease in net sales to $88.9 million compared to the prior year period. Moore emphasized continued commitment to driving top line revenue growth and addressing declines in customer counts and coffee pounds. He highlighted leveraging the DSD network, growing the white label portfolio, and better utilizing the Portland roasting facility as key strategies. Moore also referenced recent reductions in tariff rates and declines in Arabica and Robusta markets, stating that if these trends continue, “we expect to start seeing some improvement in gross margins beginning in the fourth quarter of fiscal 2026 with further benefits in fiscal 2027.” He confirmed that the strategic committee remains active in assessing potential opportunities to maximize shareholder value and will provide updates when appropriate. CFO Vance Fisher reported, “adjusted EBITDA for the quarter was $484,000 compared to $5.9 million in the prior year period.” Fisher also stated, “gross margin was 36.3%, a 680 basis point decline compared to the prior year period.” He added, “overall, year-to-date gross margin was in line with our expectation at 38%.” Fisher reported that operating costs for the quarter decreased $1.4 million to $36.4 million, including decreases in both selling and G&A expens...

新标准将是国内首部针对高级别自动驾驶系统的强制性国家标准，建议实施日期为2027年7月1日 2025年12月6日，广东广州，小马智行Robotaxi自动驾驶出租车在公共道路上商业运营。图：视觉中国 【财新网】 2月12日，工信部公布强制性国家标准《智能网联汽车 自动驾驶系统安全要求》征求意见稿。新标准为L3级自动驾驶划定了更高的安全底线。 国际自动机工程师学会将自动驾驶技术划分为L0至L5共六个级别，L3及以上为自动驾驶。L3、L4系统均可以在特定环境下完成全部驾驶操作。二者主要区别在于，L3要求驾驶员必须响应系统的接管请求，L4允许用户不接管车辆，系统可自主执行最小风险策略。 中国国家标准《汽车驾驶自动化分级》也把自动驾驶分为六个级别，与上述国际划分基本对应。依照国内分级，3级驾驶自动化系统发出介入请求后，如果用户未响应，系统应适时采取减缓车辆风险的措施。

Source: Bloomberg, 4:39