摩根大通公布2025年夏季阅读书单。图片来源：Getty Images 对 许多人而言，夏季阅读或许等同于沉浸在惊悚小说或通俗言情故事中，但如果你想提升自身人生 境界，摩根大通推荐如下书单。 这家金融机构的年度夏季阅读书单已成为富人海滩读物首选，今年的书单提供了16本书籍供读者挑选， 从梅琳达·弗伦奇·盖茨的自传以及对慈善事业的思考，到帕兰提尔（Palantir）首席执行官亚历克斯·卡普 对人工智能未来走向的预测，不一而足。 与往年相比，入选图书数量有所增加，往年通常只有10本图书入选。今年这份书单还推荐了一些夏季体 验活动，包括纳帕的希尔家族酒庄以及百老汇音乐剧《也许幸福结局》。 • 《技术共和国：硬实力、软信仰与西方未来走向》——亚历山大·C·卡普（Alexander C. Karp）、尼古 拉斯·W·扎米斯卡（Nicholas W. Zamiska） • 《不可避免：混乱却不可阻挡的电动汽车转型内幕》——迈克·科利亚斯（Mike Colias） • 《培育人工智能：培育未来基本指南》——德恺（De Kai，音译） • 《镜像：当代艺术中的反射面》——迈克尔·佩特里（Michael Petry） • 《弗 ...

Core Viewpoint - Parisa Sadrzadeh, an executive at DoorDash, has played a significant role in the company's strategic initiatives, including a recent $1.2 billion acquisition aimed at enhancing services for restaurants and retailers [1][5]. Group 1: Career Progression - Sadrzadeh graduated from the University of Washington in 2010 and initially took a temporary position at Amazon, which was not aligned with her long-term career goals in storytelling [1][2]. - Her curiosity and proactive approach led to her being noticed by a director at Amazon, resulting in her collaboration with an engineering team to automate tasks, which eventually led to her promotion to a product manager position within a year [2][3]. - By the age of 32, Sadrzadeh became one of the youngest female vice presidents in Amazon's history, overseeing the global demand-side platform, a critical component of Amazon's last-mile delivery operations [3][4]. Group 2: Transition to DoorDash - At 35, Sadrzadeh made a significant career move by joining DoorDash as the Vice President of Strategy and Operations, tasked with expanding the DoorDash Commerce Platform to assist restaurants and retailers [4][5]. - She led the decision for DoorDash to acquire SevenRooms for $1.2 billion, a company that develops software to help restaurants and hotels manage bookings and customer relationships [5]. - Sadrzadeh emphasized the importance of increasing foot traffic to physical stores, as these customers represent the highest profit margins for businesses [5].

Core Viewpoint - The relationship between Midea Group and Xiaomi has shifted from collaboration to competition, marked by Midea's complete divestment of Xiaomi shares worth 1.8 billion yuan in 2024, ending a partnership that began in 2014 [1][2]. Group 1: Strategic Shifts - Midea's Chairman Fang Hongbo stated that entering the home appliance industry now means losing strategically, emphasizing that Midea does not fear Xiaomi's entry [1][3]. - Midea has been gradually reducing its stake in Xiaomi since 2020, coinciding with Xiaomi's rapid growth in the home appliance sector, particularly in air conditioning, which saw over 6.8 million units shipped in 2024, a growth rate exceeding 50% [2][3]. - Xiaomi's strategy includes launching high-end products like the "Mijia Central Air Conditioning Pro," which integrates various smart home devices, enhancing customer retention and increasing average transaction value [2][4]. Group 2: Market Dynamics - Xiaomi's competitive pricing strategy has allowed it to capture market share quickly, with its air conditioning products priced significantly lower than those of Midea and Gree [2][4]. - Midea's response to Xiaomi's market encroachment includes a dual strategy of focusing on both high-end and entry-level products to defend its market position [3][4]. Group 3: Competitive Advantages - Midea's strength lies in its comprehensive supply chain, global presence, and diversified business model, with over 40% of its revenue coming from international markets [4]. - In contrast, Xiaomi's advantages stem from its ecosystem and internet-driven marketing strategies, which have proven effective in driving sales of its home appliances [4][5]. Group 4: Challenges Ahead - Xiaomi faces significant challenges in establishing a robust offline service network, with plans to build 400 large stores by 2025, which still falls short compared to Midea's extensive distribution network [5]. - Analysts highlight Xiaomi's reliance on external suppliers for key components, which may hinder its long-term competitiveness in the home appliance market [5].

Core Viewpoint - Harvard University has agreed to transfer a collection of photographs, considered among the earliest images of enslaved individuals, to the International African American Museum in South Carolina as part of a settlement with Tamara Lanier, who claims these images depict her ancestors [1][2]. Group 1: Legal Battle and Settlement - The settlement marks the end of a 15-year legal struggle between Lanier and Harvard, where Lanier sought the release of the "daguerreotype photographs" [2]. - Lanier's attorney described the resolution as an "unprecedented victory" for the descendants of enslaved individuals, highlighting the unique nature of the case involving images from 175 years ago [2][5]. - The Massachusetts Supreme Court ruled in favor of Lanier, stating that Harvard was complicit in the wrongful creation of the photographs and should not separate its current obligations from past misdeeds [5]. Group 2: Historical Context - The photographs were commissioned by Harvard biologist Louis Agassiz, who used racial theories to support slavery, and were taken under exploitative circumstances [3][4]. - The lawsuit accused Harvard of profiting from the images by charging high fees for their reproduction [3]. Group 3: Future Implications - The International African American Museum has committed to collaborating with Lanier to narrate the stories behind the photographs, emphasizing the importance of allowing families to tell their own histories [6]. - The settlement includes undisclosed financial compensation, but Harvard has not publicly acknowledged Lanier's relationship to the individuals in the photographs or its historical ties to slavery [6][7].

Core Insights - The 2025 Fortune 500 list reveals that 42 companies reported losses, a decrease of 9 from the previous year, with total losses amounting to $92.6 billion, an increase of approximately 24% compared to 2023 [1]. Summary by Sections Losses Overview - Intel reported the highest loss on the list, exceeding $18.756 billion [1]. - Boeing followed with a loss of over $11.817 billion [1]. - Warner Bros. Discovery, Bristol-Myers Squibb, and Walgreens Boots Alliance also featured prominently in the losses, with losses of $11.311 billion, $8.948 billion, and $8.636 billion respectively [1]. Detailed Losses Table - A detailed table lists companies with their respective losses, highlighting significant figures such as: - Paramount Global: $6.190 billion [1] - Dollar Tree: $3.030 billion [1] - Hertz Global Holdings: $2.862 billion [1] - TIAA: $1.936 billion [1] - Avis Budget Group: $1.821 billion [1] - Sirius XM Holdings: $1.665 billion [1] - Celanese: $1.522 billion [1] - American International Group: $1.404 billion [1] - QVC Group: $1.290 billion [1] - VF Corporation: $968.9 million [1] - Western Digital: $798 million [1] - JetBlue Airways: $795 million [1] - Endeavor Group Holdings: $782.4 million [1] - Cleveland-Cliffs: $754 million [1] - Baxter International: $649 million [1] - Viatris: $634.2 million [1] - Delek US Holdings: $560.4 million [1] - Vertex Pharmaceuticals: $535.6 million [1] - PBF Energy: $533.8 million [1] - Community Health Systems: $516 million [1] - Wayfair: $492 million [1] - Icahn Enterprises: $445 million [1] - AGCO: $424.8 million [1] - Owens & Minor: $362.7 million [1] - Kyndryl Holdings: $340 million [1] - Advance Auto Parts: $335.8 million [1] - Whirlpool: $323 million [1] - Caesars Entertainment: $278 million [1] - Newell Brands: $216 million [1] - KeyCorp: $161 million [1] - EchoStar: $119.5 million [1] - United Natural Foods: $112 million [1] - Altice USA: $102.9 million [1] - Dana: $57 million [1] - Lumen Technologies: $55 million [1] - Par Pacific Holdings: $33.3 million [2] - BrightSpring Health Services: $18.1 million [2]

Core Insights - The 2025 Fortune 500 list shows record high revenues and profits for the listed companies, with the revenue threshold rising from $7.1 billion to $7.4 billion [1] - Total revenue for the 500 companies increased from $18.8 trillion to $19.91 trillion, a growth of approximately 6% [1] - Total profits for these companies reached about $1.87 trillion, marking a growth of around 9% compared to the previous year [2] Company Rankings - Walmart ranked first for the thirteenth consecutive year with revenues of $680.985 billion [9] - Amazon maintained its second position with revenues of $637.959 billion [11] - UnitedHealth Group surpassed Apple to claim the third spot with revenues of $400.278 billion [2] Profitability Insights - Alphabet achieved a profit of $100.118 billion, a significant increase of approximately 35.7%, making it the most profitable company [2] - Apple reported a profit of $93.736 billion, a decline of about 3.4% from the previous year [2] - Nvidia's profit reached a record $72.88 billion, growing by 144.9%, elevating its rank to fifth in profitability [2] Industry Performance - The technology and finance sectors remain the most profitable, with six out of the top ten most profitable companies being tech firms [2] - The healthcare sector saw eight companies in the top 25, collectively generating $3 trillion in revenue [7] New Entrants and Returns - 22 companies made their debut or returned to the list, including 14 first-time entrants like GE Vernova and Kenvue [3] - Notable returns include companies like Ingram Micro and Yum! Brands [3] Historical Context - The average age of the companies on the list is 89 years, with five companies established in the 18th century [4] - Since the list's inception in 1955, 48 companies have never been absent from the rankings, including ExxonMobil and General Electric [7] Noteworthy Highlights - The top 50 companies accounted for 50% of total revenue and 53% of total profits on the list [7] - The list reflects a growing trend of female CEOs, with 55 women leading Fortune 500 companies, the highest percentage recorded [12]

财富中文网（www.FORTUNEChina.com）于北京时间6月2日与英文网全球同步发布2025年《财富》美 国500强排行榜。 从盈利能力来看，科技和金融行业仍然是最赚钱的行业。Alphabet公司去年盈利1,001.18亿美元，较上 一年大幅增长约35.7%，超越苹果公司位居利润榜榜首；苹果公司去年盈利937.36亿美元，较上一年下 降约3.4%，滑落至利润榜第二位；伯克希尔-哈撒韦公司去年盈利较上一年下降约7.5%，为889.95亿美 元，在利润榜中位列第三。在最赚钱的前十家公司中，有6家为科技公司，其中，英伟达去年盈利达到 了创纪录的728.8亿美元，比上一年增长144.9%，上升至利润榜第五位。（ 应用商店搜索并下载"财富 Plus"，查看美国500强最赚钱公司子榜 ） | 排名 | 公司 | 净利润（百万 | | --- | --- | --- | | | | 美元） | | 7 | Alphabet公司（Alphabet） | 100118 | | 4 | 苹果公司（Apple） | 93736 | | 6 | 伯克希尔－哈撒韦公司（Berkshire Hathaway） | 88995 | ...

Core Points - Jerome Powell emphasized the importance of public service and defending democracy during his speech at Princeton University [1] - Powell highlighted the significant role of American universities in global innovation and economic vitality, urging graduates to appreciate and protect these institutions [3] - The Trump administration's recent actions against Harvard University, including the cancellation of its ability to enroll international students, could impact the university's ability to attract top talent [3] Summary by Sections Public Service and Democracy - Powell encouraged graduates to dedicate time to public service, reflecting on the historical mission of Americans to strive for equality since the founding of the nation [1] - He did not address political matters directly, maintaining the typical stance of Federal Reserve officials [2] Role of Universities - Powell stated that top American universities are a vital asset and should not be taken for granted, as they contribute significantly to the country's global standing in technology and economy [3] - He expressed hope that future generations would work to uphold and strengthen American democratic values [3] Recent Political Context - The Trump administration's recent cuts to federal funding for universities, particularly targeting Harvard, were noted, although Powell did not mention these actions in his speech [3] - Despite ongoing inflation pressures, Trump has been pressuring Powell to lower interest rates, which has not been successful [3] Personal Reflections - In his closing remarks, Powell defended the Federal Reserve's response to the COVID-19 pandemic and emphasized the importance of individual lives and character [4]

图片来源：视觉中国 拼多多走入了此前高管所预告的下滑时刻。 5月27日晚，拼多多公布截至3月31日的2025年第一季度财报。财报显示，拼多多当季总营收达956.722 亿元，同比增长10%，已连续多季度营收增速放缓。这一数字未能达到机构此前所预计的超千亿元的营 收。 拼多多当季归属于普通股股东净利润为147.42亿元，同比下滑47%；不按美国通用会计准则，归属于普 通股股东的净利润为169.16亿元，同比下滑45%。 这一表现引发了投资者的担忧。5月27日，拼多多美股开盘前暴跌20%，当日收盘跌13.64%。 去年8月，拼多多交出净利润同比增长125%的成绩单时，董事长、联席CEO陈磊就发布了关于拼多多利 润将逐步进入"下降趋势"的预警，他称之为"长期健康必要的代价"。 拼多多集团执行董事、联席CEO赵佳臻也表示，在拼多多加大对运营、技术、生态治理的投入，打击作 弊商家，推动产业升级，追求长期健康发展的过程中，牺牲短期利润是必须的。这也是公司管理层已达 成的共识。 关于今年一季度业绩的下滑原因，陈磊认为主要有三：首先，国内电商行业竞争进一步加剧，在国补政 策之下，拼多多较竞争对手价格竞争力减弱；同时，在海外市 ...

2025年5月13日西雅图麦考音乐厅，董事长比尔·盖茨欢迎2025年员工大会的参会者。图片来源：Gates Archive/Tim Matsui 比尔·盖茨最近宣布其慈善基金会将斥资2,000亿美元，用于帮助全球最贫困的人口减少疾病与死亡。他 对其慈善基金会的员工提出了一个问题。 微软（Microsoft）创始人盖茨在本月召开的盖茨基金会（Gates Foundation）年会上问道："我们该如何 唤起公众的关注？我们必须大幅提升行动力度。" 苏兹曼表示基金会的目标并未改变。他表示："当关键的联盟似乎要在我们眼前瓦解时，我们不能因此 就畏缩不前。当对一个更美好未来的希望开始显得天真或过时，我们必须提醒人们，我们的乐观并非凭 空而来。它来之不易，并非基于盲目信仰，而是建立在具体的、可衡量的成果之上。" 盖茨要求员工重新激发实现基金会核心使命的动力，吸纳新的合作伙伴，并投资开发人工智能的潜力， 以帮助消除贫困，并在药物研发中发挥关键作用。盖茨表示："我真的相信也希望这不是天真的想法 ——尽管逆风而行，我们在未来20年所能取得的成就，将比过去25年更加丰硕。" (财富中文网) 数百名盖茨基金会的员工坐满了位于西雅图 ...