Core Viewpoint - Allegations by former contractors claim that Meta personnel had access to WhatsApp messages, contradicting Meta's marketing of the app as private and encrypted [1][23][24] Group 1: Allegations and Investigation - The investigation is being conducted by the US Department of Commerce, focusing on claims that Meta staff had "unfettered" access to WhatsApp messages [1][23] - Content moderators, contracted through Accenture, reported that they and some Meta employees could access WhatsApp messages that were supposed to be encrypted [5][6] - The inquiry is referred to as "Operation Sourced Encryption" and is ongoing, with the last activity noted as recent as January [9][10] Group 2: Meta's Response - A Meta spokesperson stated that the claims are impossible, asserting that WhatsApp and its employees cannot access encrypted communications [2][5] - Meta's shares fell approximately 1% in extended trading following the news of the allegations [5] - The company has faced previous accusations regarding user privacy, including a $5 billion fine from the FTC, although these did not involve WhatsApp [12][24] Group 3: Technical Aspects and User Privacy - WhatsApp claims that it cannot access messages due to encryption keys residing on users' devices, which are not accessible to the company [24] - The app does allow limited access to message information in specific cases, such as when a user reports problematic messages [14][24] - Allegations suggest broader access than what WhatsApp officially acknowledges, with contractors claiming they could request access to communications [15][24] Group 4: Legal Context - A lawsuit filed in January 2023 alleges that Meta and WhatsApp can access users' private communications, citing whistleblower claims [18][24] - Meta has labeled the lawsuit as "frivolous" and intends to pursue sanctions against the plaintiffs' counsel [20][24] - The expansion of end-to-end encryption by Meta has drawn criticism from law enforcement, particularly regarding its implications for tracking criminal activities [21][24]

Group 1: Financial Technology - In 2026, global liquidity is expected to remain reasonably ample, with the domestic monetary policy maintaining a moderately loose tone[14] - The digital RMB 2.0 will officially implement on January 1, 2026, transitioning from M0 to M1 currency attributes[18] - The CIPS network expansion will be a key focus starting February 1, 2026, as new rules for the RMB cross-border payment system come into effect[20] Group 2: AI Applications - The AI application landscape is shifting towards commercial monetization, with a focus on achieving breakeven after initial explosive growth[24] - C-end applications are dominated by major tech giants, making it difficult for smaller firms to survive in the market[40] - B-end applications are seeing some achieving unit economics (UE) breakeven, particularly in sectors with high product-market fit (PMF) like robotaxi[45] Group 3: AI Computing Power - Global demand for AI computing power is on the rise, with domestic internet companies being the largest consumers of intelligent computing servers[3] - Domestic chip manufacturers are making significant breakthroughs, with companies like Huawei and Cambricon showing strong growth potential[3] - The shift towards scale-up supernode architectures is expected to accelerate, enhancing overall system performance[3] Group 4: AI Energy - The AIDC power supply paradigm is evolving towards 800V HVDC systems, driven by the need for higher power density and efficiency[4] - Nuclear fusion is being explored as a long-term energy solution, with significant advancements expected within the next five years[7]

点击图片▲立即购买 美联储如期按兵不动暂停降息 1月29日，美联储公布货币政策委员会FOMC的会议决定，将联邦基金利率的目标区间维持在3.50%至3.75%不变。这是联储自2025年9月起连续 三次会议降息后首次暂停行动。2025年，联储共降息75个基点，每次均降25个基点。此次美联储按兵不动完全在市场意料之中。到本周二收 盘，芝商所（CME）工具显示，期货市场预计本周暂不降息的概率略超97%。 联储决议声明再次暴露内部分歧，下任美联储主席人选之一沃勒成为反对此次利率决议的少数派，和美国总统特朗普"钦点"的另一位理事米兰都 支持继续降息。上次议息会议美联储的声明重申"经济活动扩张速度一直缓和"，而本次称现有指标表明经济活动"一直在稳步扩张"。（华尔街见 闻） ｜点评｜ 美联储本轮降息周期尚未结束，只是节奏上出现了明显的放缓信号。当前美国经济发展来到了一个十字路口，经济增速难以长期保持 高速增长，但仍有一定韧性。就业市场降温，失业率上行速度相对可控。通胀高位回落，却依旧高于2%的政策目标，并且前期高通胀已显著推 升物价。整体上看，美国经济对降息的需求并不迫切，美联储完全可以暂时退到观望席，等待经济走势出现更加明 ...

微软公司在28日盘后发布的数据显示，该公司在2025年第四季度营业收入和每股盈利超出预期，但由于该季度云服务业务增长放缓并预期2026年一季度经 营利润率表现疲软，微软公司股价29日大幅下跌9.99%，并打压市场人气。 美国Sage顾问服务公司负责研究的执行董事罗伯•威廉姆斯（Rob Williams）表示，人工智能已经变得像一把双刃剑。人工智能对增长和支出带来贡献，并 让估值处于当前的水平。现在，这方面有更多的疑问，因而正变得更难继续带来利好。 转自：新华财经 新华财经纽约1月29日电（记者刘亚南）由于微软等权重科技股大幅下跌拖累，纽约股市三大股指29日低开低走，早盘显著走低，随后跌幅收窄，尾盘有 所拉升，收盘时纽约股市三大股指涨跌不一。 截至当天收盘，道琼斯工业平均指数比前一交易日上涨55.96点，收于49071.56点，涨幅为0.11%；标准普尔500种股票指数下跌9.02点，收于6969.01点， 跌幅为0.13%；纳斯达克综合指数下跌172.33点，收于23685.12点，跌幅为0.72%。 板块方面，标普500指数十一大板块七涨四跌。通信服务板块和房地产板块分别以2.92%和1.42%的涨幅领涨， ...

Group 1 - The core viewpoint of the article emphasizes that the China Railway Group has declared the 12306 platform as the only official ticket sales channel, stating that it has not partnered with any third-party platforms and will enhance its system to combat ticket scalping [2][3] - The China Railway Group's passenger department director, Zhu Wenzhong, highlighted the negative impact of third-party platforms on the stability of the 12306 system and announced plans to optimize the risk control system for effective identification [3] - The railway authority is focusing on four key areas for ticket sales organization: addressing the needs of students, workers, and the elderly; introducing a limited-time free refund policy for erroneous purchases; continuously improving ticket sales strategies; and ensuring the stable operation of the 12306 system [5] Group 2 - The article mentions that the 2026 Spring Festival travel period is expected to see a record 9.5 billion person-times of cross-regional movement, with self-driving travel being the main mode of transport, accounting for about 80% [6] - The article also notes that the total passenger volume for railways and civil aviation is projected to reach 540 million and 95 million respectively during the Spring Festival travel period, with both figures expected to exceed historical peaks [6]

Group 1 - The State Council issued a work plan to optimize and expand service supply, aiming to enhance service consumption and support high-quality economic development [2] - The work plan focuses on key areas such as transportation services, housekeeping services, and inbound consumption, emphasizing innovation and talent development [2] - The commercial aerospace industry is being prioritized, with plans to develop new fields like space resource development and space tourism during the 14th Five-Year Plan [3] Group 2 - Shanghai aims to become a national hub for the commercial aerospace industry, targeting an industry scale of approximately 100 billion yuan by 2027 [4] - The Beijing humanoid robot innovation center has launched a testing platform, capable of producing 5,000 humanoid robots annually [4] - The Kunshan AI industry fund has been established with a total scale of 5 billion yuan, focusing on AI core hardware and infrastructure [5] Group 3 - The market is experiencing mixed performance, with major U.S. indices showing slight fluctuations [6] - Microsoft shares dropped 10%, marking the largest single-day decline since March 2020, due to concerns over high AI capital expenditures [8] - Gold prices reached a record high of $5,594.82 per ounce before settling at $5,389.19, with a monthly increase of approximately 24% [9]

来源丨新华社 编辑丨曾静娇 黄金白银深夜跳水反弹，Meta涨10%，微软跌10%，好未来飙升18%，加密货币超22万人被爆仓 中国投资者去年买走全球近十分之一黄金 SFC 21君荐读 美国总统特朗普29日签署行政令，宣布国家紧急状态，威胁对向古巴提供石油的国家输美商品 加征从价关税。 ...

Core Insights - The key takeaway from the post-earnings reactions of Microsoft and Meta Platforms is that investors should not abandon hyperscalers based on a single quarter's performance [1] Group 1: Microsoft - Microsoft shares fell nearly 10% due to concerns over slowing cloud growth and a weak response regarding AI spending [2] - The market's reaction to Microsoft highlights the volatility in investor sentiment, which can change significantly from quarter to quarter [4] Group 2: Meta Platforms - Meta's stock rose approximately 10% as its AI investments were seen to accelerate revenue growth, alleviating concerns about high spending [2] - Meta's advertising business constituted 97% of its overall revenue for the quarter, showcasing its strong market position [3] - Despite the positive outlook for Meta, previous earnings reports have shown that the market can quickly shift, as seen when Meta's stock tumbled in October due to AI spending concerns [4] Group 3: Alphabet - Alphabet's stock has experienced a turnaround, with positive news regarding its AI technology, particularly the Gemini large language models, boosting investor confidence [5] - The market's perception of Alphabet has shifted from concern over competition from OpenAI to optimism about its AI capabilities [5] - Expectations are high for Alphabet's upcoming earnings report, with predictions that it will be recognized as a winner in AI search [6] Group 4: Nvidia - Nvidia is positioned strongly in the AI chip market, maintaining a significant market share that is difficult for competitors to challenge [6] - The company is viewed as a leader in the AI space, with a stable market position compared to other tech giants [6]

WE WERE LISTENING TO GAVIN NEWSOM, THE TWO-TERM GOVERNOR OF THE STATE OF CALIFORNIA, THE MOST POPULOUS STATE, THE LARGEST ECONOMY, $4 TRILLION ECONOMY, WIDELY PRESUMED TO BE A CANDIDATE FOR PRESIDENT IN THE 2028 ELECTION. THAT IS YOUR POLITICAL COVERAGE FOR THE TIME BEING. WILL GET BACK TO THE MARKET COVERAGE.ROMAINE BOSTICK ALONGSIDE KATIE GREIFELD, WITH A CHECK ON THE MARKETS. WE CAME INTO THIS YEAR, A LOT OF BULLISHNESS IN THE MARKET. THE LAST FEW DAYS WE'VE SEEN A BIT MORE CAUTION, SOME OF IT TIED TO TH ...

2026.01. 30 作者 | 第一财经 胡弋杰 当地时间1月29日，美股主要股指涨跌互现。微软在公布季度财报后大幅下挫，拖累纳指和标普500 指数走低，与此同时，中东地缘政治紧张局势升温，推动国际油价跳涨。避险需求也一度推动金价盘 中短暂冲高至每盎司5500美元上方，但随后交易员集中获利了结，价格迅速回落。 截至当天收盘，道琼斯工业平均指数上涨55.96点，报49071.56点；标普500指数下跌9.02点，报 6969.01点；纳斯达克综合指数下跌172.33点，报23685.12点。 隔夜，微软重挫10%，创下自2020年3月以来最大单日跌幅，市值单日蒸发约3570亿美元。市场对其 上一季度创纪录的人工智能资本支出感到不安，担忧高强度投入可能侵蚀软件业务的盈利能力，这一 情绪也蔓延至其他科技股。 这一下跌盖过了Meta公布强劲季度业绩后的大涨表现。Meta股价当日上涨10.4%。特斯拉在公布财 报后下跌3.5%。 其他大型科技股走势分化。英伟达上涨0.52%，苹果上涨0.72%；谷歌A类股与C类股分别上涨0.67% 和0.71%。亚马逊下跌0.53%，超威半导体下滑0.22%，博通下跌0.75%。 | ...