U.S. GDP grew 4.3% in Q3, according to the Bureau of Economic Analysis. That far surpassed the consensus estimate among analysts, which was for a rise of 3.2% year-on-year. That’s pretty decent growth. No wonder then, that the S&P 500 ticked up another 0.88% yesterday, to come within half a percentage point of its all-time high. Traders seem to be pretty happy about where the U.S. economy is going.But some analysts are starting to worry about how much of that growth is concentrated in AI.A recent note from ...

美国国家公路交通安全管理局(NHTSA)于周二表示，亚马逊(AMZN.US)旗下的自动驾驶部门Zoox正在 美国召回332辆汽车，召回原因是其自动驾驶系统(ADS)软件存在错误。 NHTSA表示，Zoox此次召回的是搭载了12月19日之前发布软件版本的某些自动驾驶系统(ADS)车辆。 当这些车辆接近或处于十字路口时，可能会出现越过黄色中心线的情况，进而驶入或停在迎面车流前 方，这会大幅增加碰撞事故发生的风险。 该机构进一步补充说明，Zoox已为相关车辆免费更新了自动驾驶系统(ADS)软件。回溯至今年5月，该 公司曾发起过一次车辆召回行动，涉及270辆车。就在召回的当月，旧金山发生了一起相关事故，此后 Zoox迅速推送了软件更新，旨在优化对周边行人的追踪功能，同时确保在有人靠近车辆时，车辆能够 保持静止状态，不再移动。 今年8月，NHTSA正式批准Zoox的车辆开展示范运行，同时结束了自2022年以来针对其是否符合联邦相 关要求所展开的调查工作。 ...

Core Insights - Amazon (AMZN) has recently experienced several new catalysts, with significant movements from "super investors" indicating a mixed sentiment towards the stock [1][3][18] Group 1: Super Investor Activity - A total of 25 "super investors" hold Amazon shares, making it the fifth most held stock among their portfolios, with an average portfolio allocation of over 2.1% [3] - The average holding cost for these investors is approximately $220, closely aligning with the current market valuation of $227, suggesting a strong correlation between their positions and the stock price [5][18] - Among the top ten fund managers, there is a notable split in trading actions, with five increasing their positions, four reducing, and one maintaining their holdings [6][7] Group 2: Financial Projections and Valuation - Analysts have projected Amazon's total return on investment (ROI) over the next five years under various growth and price-earnings (P/E) scenarios, with the most optimistic scenario suggesting a total return of around 100% [8][11] - The expected compound annual growth rate (CAGR) for Amazon's earnings per share (EPS) over the next five years is approximately 14.6%, although analysts believe this may be overly optimistic, estimating a more conservative CAGR of around 12% [10][11] - The projected EPS for fiscal year 2025 is $7.06, with a year-over-year growth of 27.66%, and a forward P/E ratio of 32.20 [11] Group 3: Risks and Challenges - Despite strong performance from AWS, there are concerns regarding its competitive position against rivals like Microsoft Azure, which is experiencing faster growth [12] - Amazon may face challenges with profit margins, as indicated by a projected decline in implied profit margin from 11.6% to 9.9% in the upcoming quarter [13][16] - The company is actively developing its own AI chips, which could serve as a cost-effective alternative to Nvidia's chips, potentially supporting growth and profitability [16]

These players each offer solid long-term prospects.Artificial intelligence (AI) stocks have represented a sort of gold rush for investors in recent years. The technology is seen as a game-changing one, and as a result, companies involved in it may benefit from soaring earnings in the coming years -- some have already started delivering impressive growth. Investors, aiming to get in on this exciting story, have piled into AI players and, in many cases, seen the value of their investments take off.Recently, t ...

图：速卖通发布海报，疑似对亚马逊"下战书"内容为：1月7日，杭州见 围绕品牌出海，阿里速卖通开始加速挑战亚马逊的主导地位。 12月23日，阿里速卖通AliExpress突然发布一张"拳击对决"主题海报：一黑一红两只拳击手套激烈碰 撞，底部仅一行文字——"1月7日，杭州见。" 海报迅速在跨境圈引发热议。有眼尖的业内人士指出，海报中红色、黑色拳击手套，分别对应速卖通和 亚马逊的品牌色。该人士直言："速卖通这是公开向亚马逊'下战书'。" 据多位商家透露，速卖通将于2026年1月7日在杭州举办品牌出海大会，邀请的商家主要以备货海外的大 卖为主，这与速卖通发力海外托管的传言相吻合。 过去，亚马逊长期作为中国品牌出海的主通道；而以"出海四小龙"为代表的本土平台，多聚焦性价比轻 小件商品。但随着2025年速卖通"超级品牌计划"与"Brand+"频道的上线，"一半成本，全新成交"吸引了 众多亚马逊类目王转向速卖通，与亚马逊的竞争也逐步加剧。 如果说品牌出海必有一战，速卖通打出的王牌就是海外托管。在本次采访中，大量商家反馈：海外托管 服务已成为品牌出海的重要支撑。商家只需将商品备入海外仓，物流履约由认证仓或第三方服务商完 成， ...

Core Viewpoint - Amazon's self-driving unit Zoox is recalling 332 vehicles in the U.S. due to a software error in its Automated Driving Systems, which may lead to dangerous situations such as crossing or stopping in front of oncoming traffic [1] Group 1: Recall Details - The recall involves a total of 332 vehicles [1] - The issue is related to the Automated Driving Systems software, which poses a risk of the vehicles behaving unpredictably in traffic [1] Group 2: Safety Implications - The software error could potentially cause vehicles to cross into oncoming traffic or stop unexpectedly, increasing the risk of accidents [1]

Core Insights - Quantum computing is expected to significantly transform the technological landscape in the coming years, presenting substantial investment opportunities [2] Company Summaries Alphabet - Alphabet, the parent company of Google, has been advancing quantum computing through Google Quantum AI since 2012, focusing on superconducting quantum computing [4] - Google Quantum AI has achieved two milestones: quantum supremacy in 2019 and the unveiling of the first logical qubit prototype in 2023 [6] - Current market cap is $3.7 trillion, with a gross margin of 59.18% and a current stock price of $309.80 [5][6] Amazon - Amazon is a major player in quantum computing, offering Amazon Braket, a quantum cloud computing service that aids in developing quantum algorithms and software [8] - The company is developing its own quantum technology, including a new chip called Ocelet, which can reduce quantum error correction costs by up to 90% [11] - Amazon's market cap is $2.4 trillion, with a gross margin of 50.05% and a current stock price of $228.43 [9][10] Microsoft - Microsoft is investing heavily in quantum computing through its Azure cloud platform, which includes a "Quantum Ready" program to help organizations adapt to quantum technologies [12][13] - The company has developed the Majorana 1 chip, utilizing topological superconductors, which is a significant step towards integrating a million qubits on a single chip [15][16] - Microsoft's market cap is $3.6 trillion, with a gross margin of 68.76% and a current stock price of $484.92 [14][15] Common Characteristics - All three companies—Alphabet, Amazon, and Microsoft—are part of the "Magnificent Seven" stocks, operate widely used cloud platforms, and are leaders in artificial intelligence [17] - None of these companies are pure-play quantum computing firms, which mitigates investment risk associated with uncertain quantum technologies [18] - These companies possess the financial flexibility to acquire promising smaller rivals in the quantum computing space [19]

近日，中国上市公司百强论坛、华东理工大学民营经济研究院和华顿经济研究院在上海联合发 布"华顿版2025年世界500强企业排行榜"。该榜单以企业利润额作为排序依据，区别于《财富》杂志以 营业收入为基准的排名方式，旨在为观察全球经济格局提供另一重要视角。 榜单显示，全球500强企业利润总额约4.02万亿美元，较上年增长约5%；利润中位数由44.70亿美元 提升至45.78亿美元，增长2.4%。上榜门槛（最低利润额）从21.67亿美元增长至23.14亿美元，同比增长 6.8%。所有上榜企业的营业收入总额约为33.41万亿美元，同比增长约4%。 整体来看，2025年世界500强榜单呈现出"美国主导、中国紧随、欧日分流、新兴势力崛起"的核心 格局。行业分布集中于科技、金融、能源三大板块，传统行业面临转型调整压力，反映出全球产业链重 构、能源转型与数字经济竞争的趋势。此外，头部企业集中效应显著——前100强贡献了57%的利润， 前10强利润占比达20%，呈现出"头部虹吸、尾部承压"的结构性特征。 从区域格局看，美国共有191家企业上榜，数量居首，较去年增加9家。其上榜企业年创造利润总额 约1.77万亿美元，占500强利润 ...

Grocery delivery firm Instacart will pay $60 million to refund consumers who were deceived into enrolling in the company’s subscription service, Instacart+, the US Federal Trade Commission said.The consumer protection agency said the company that operates Instacart, Maplebear Inc., misled consumers by saying their first order was “free” despite charging a mandatory grocery delivery fee, according to a complaint and settlement filed in California federal court Thursday. Instacart also failed to clearly discl ...

Amazon shareholders will enjoy exposure to some powerful secular trends shaping our economy.Businesses that can increase their revenues and earnings at high rates over long stretches of time make for wonderful investments. You might think that these opportunities only come from smaller and earlier-stage companies. That's not true: At least one magnificent tech enterprise looks like it fits that description.If you're ready to invest $100,000, it could be a good idea to buy this unstoppable growth stock now, ...