经济数据方面，劳工部报告显示，截至11月22日当周，经季节调整后的初请失业金人数为21.6万人，较 前值修正后水平下降6000人，且低于道琼斯共识预测的22.5万人。不过，美联储周三公布的经济景气状 况褐皮书报告却带来一些隐忧。报告称，近几周美国经济活动变化不大，但整体消费者支出进一步下 滑，仅高端消费者除外。就业略有下降，价格温和上涨。一些联系人指出未来几个月经济活动放缓的风 险上升，不过制造商表现出一定乐观情绪。 金融股多数上扬。瑞穗金融、巴克莱涨超3%，纽约梅隆银行、德意志银行涨超2%，高盛、摩根大通、 摩根士丹利等涨超1%。能源股也多数上涨，阿帕奇石油涨超2%，杜克能源、帝国石油等涨超1%，部分 能源股小幅上涨，斯伦贝谢小幅下跌。 人事动态也影响着市场预期。美国财政部长斯科特·贝森特周二表示，美国总统特朗普"极有可能"在圣 诞节前宣布下任美联储主席人选。在多家媒体报道凯文·哈塞特成为领跑者后，市场预期转向这位白宫 国家经济委员会主任。由于哈塞特被视为更倾向于推动降息的人选，受此影响，交易员迅速提高了对未 来一年降息的押注。 热门中概股涨跌不一，纳斯达克中国金龙指数（HXC）收跌0.03%。唯品会、虎牙 ...

*美国10年期美债收益率跌破4%； *假日季开启，美国航空板块大涨超3%。 *三大股指收涨，标普收复6800点； 周三美股延续强势，科技股重拾涨势且美联储12月降息概率上升，推动投资者风险偏好，主要股指连续 四个交易日收高。 截至收盘，道琼斯工业平均指数上涨314.67点，涨幅0.67%，收于47427.12点，纳斯达克综合指数上涨 0.82%，收于23214.69点，标普500指数攀升0.69%，收于6812.61点。美股市场将于周四（感恩节）休 市，周五恢复交易并于美国东部时间下午1点提前收盘。 【热门股表现】 明星科技股涨多跌少，特斯拉、微软涨1.7%，英伟达涨1.3%，苹果涨0.2%，亚马逊跌0.2%，Meta跌 0.45，谷歌跌1.0%。 戴尔大涨5.8%，受人工智能数据中心服务器需求强劲支撑，季度业绩展望超预期。 甲骨文大涨4.0%，德意志银行认为，即使完全排除OpenAI相关收入，在2030财年，甲骨文的每股收益 （EPS）也仅将从21美元降至约17美元，自由现金流将从410亿美元降至310亿美元。基于当前约200美 元的股价，市场几乎没有为其OpenAI业务给予任何估值。 纳斯达克中国金龙指数 ...

完整早报音频，请点击标题下方小耳机收听 【华与华创始人华杉称西贝 "被人算计"，罗永浩发文回怼：再跟我私下道歉已经不管用了，必须公开道歉】 11 月 26 日午间，罗永浩发布微博，要求华杉在今天下午六点之前道歉。目前罗永浩要求的时间已过，且未见华杉在微博 公开向罗永浩道歉。 两人的争论起于华杉 11 月 25 日发布的一条微博，华杉称，西贝是中国餐饮业的天花板，无论对顾客还是对员 工，都是诚心诚意做到极致。被诱入黑白颠倒的网络罗刹国，被人算计。西贝坚持自己的华夏子弟精神，不苟且偷 生，凭仁义立世。对于上述言论， 11 月 26 日凌晨，罗永浩直接回怼：谁诱的？谁算计了？你想干什么？你要是 说不清楚，我就公布录音了。 罗永浩随后发微博表示， "华杉这次再跟我私下道歉已经不管用了，必须公开道歉。今天（ 11 月 26 日）下午六 点之前，如果华杉没有在微博公开道歉，未来中国的市场公关行业应该不会有人再记得华与华了，只记得罗与华"。 随后，记者发现华杉本人微博开启一键防护模式，暂时无法关注。据悉，该功能可自动拦截恶意私信、评论等内 容。（同花顺财经） 【智元彭志辉当选上市公司董事长】 11 月 25 日晚，上纬新材 ...

Group 1 - The Hong Kong fire in Tai Po has resulted in 40 fatalities and 45 injuries, leading to the arrest of three company executives for suspected manslaughter [2] - The Chinese embassy in Cambodia confirmed the successful rescue of a missing Chinese citizen, urging citizens to be cautious of job scams [3] - Japan's tourism industry is facing a significant downturn due to a sharp decline in Chinese tourist bookings, with potential losses estimated at nearly 1.8 trillion yen [4] Group 2 - Beijing has launched a three-month campaign to combat online financial fraud and illegal activities in the financial sector, focusing on six major issues [5] - A wilderness survival competition in Yunnan was canceled due to ongoing low temperatures posing safety risks to participants [6][7] - The Jiangsu Consumer Protection Committee has urged ten airlines to rectify issues related to seat locking practices that infringe on consumer rights [11] Group 3 - Xiaomi has recruited a former Tesla Optimus team member to lead its robotics team, focusing on the development of dexterous robotic hands [12] - OpenAI projects that its ChatGPT subscription user base will exceed 220 million within five years, potentially generating annual revenues close to $200 billion [13] - ByteDance has denied media reports claiming that its Tomato series business will exceed 60 billion yuan in revenue this year [20][21] Group 4 - Tesla has reaffirmed that over 95% of parts for its Model 3 and refreshed Model Y are sourced from China, emphasizing the importance of its Shanghai Gigafactory [18][19] - The West China University Hospital has addressed concerns regarding a patient's treatment, detailing the medical costs and compliance with procurement regulations [28][31][33] - Bain Capital predicts that the humanoid robot industry will enter a golden development period over the next decade, with potential market growth to $1.2 trillion by 2035 [47][49]

11月26日，美股盘中拉升，纳指一度涨超1%。 市场持续关注可能影响美联储下次利率决策的催化因素。 周三公布的经济数据方面，美国上周首次失业救济人数降至21.6万低于预期。美联储周三公布的经济景 气状况褐皮书报告显示，近几周美国经济活动变化不大，但整体消费者支出进一步下滑，高端消费者例 外。 褐皮书调查报告显示，就业略有下降，价格温和上涨。 分析称，美联储官员要到12月议息会议之后才能获得10月和11月的大部分劳动力市场和通胀数据。 截至收盘，美股三大指数集体上涨，道琼斯指数涨0.67%，标普500指数涨0.69%，纳斯达克综合指数涨 0.82%。 科技股普涨，甲骨文涨超4%，AMD涨超3%，英伟达、特斯拉、奈飞、微软涨超1%。博通涨超3%，创 历史新高。 纳斯达克中国金龙指数收跌0.03%。热门中概股走势分化，哔哩哔哩、小鹏汽车跌超2%，百度跌1.3%， 拼多多涨1.58%，京东、阿里巴巴小幅上涨。 欧洲主要股指集体收涨，欧洲斯托克50指数涨近1.5%，英国富时100指数涨超0.8%，法国CAC40指数涨 0.88%，德国DAX30指数涨约1%，富时意大利MIB指数涨1.01%。 周三国际金价走高，现货黄金 ...

Tap a button, Tesla drives you and parks itself. You sit back and supervise.Give FSD to another Tesla owner this holiday season https://t.co/EpiKExtZZR ...

Market Performance - US stock market opened high and closed higher, with all three major indices rising for four consecutive days [1] - Dow Jones increased by 0.67% to 47,427.12 points, S&P 500 rose by 0.69% to 6,812.61 points, and Nasdaq Composite climbed by 0.82% to 23,214.69 points [1] - Market volatility eased, with the S&P 500 volatility index (VIX) dropping approximately 35% over four days, marking the largest decline since mid-April [1] Technology Sector - Mixed performance among large tech stocks: Nvidia up 1.37%, Apple up 0.21%, Google C down 1.04%, Microsoft up 1.78%, Amazon down 0.22%, Broadcom up 3.26%, Meta down 0.41%, and Tesla up 1.71% [1] - Philadelphia Semiconductor Index rose by 2.76%, with all 30 component stocks closing higher [1] - Notable gains in semiconductor stocks: Teradyne up 6.98%, Marvell Technology up 5.14%, AMD up 3.93%, ASML up 3.76%, and Micron Technology up 2.55% [1] Chinese Stocks - Nasdaq Golden Dragon China Index slightly declined by 0.03% [2] - Most popular Chinese stocks saw gains: Vipshop up 2.54%, Pinduoduo up 1.58%, JD.com up 0.96%, Li Auto up 0.6%, New Oriental up 0.39%, and Alibaba up 0.38% [2] - Declines were noted in some Chinese stocks: Hesai down 7.37%, Tencent Music down 2.33%, Xpeng down 2.22%, Baidu down 1.31%, and NIO down 0.73% [3]

1、日前，六部门联合发布《关于增强消费品供需适配性进一步促进消费的实施方案》，从拓展增量、 深挖存量、场景赋能等5方面部署19项重点任务，目标是到2027年，消费品供给结构明显优化，形成3个 万亿级消费领域和10个千亿级消费热点。11月27日，国新办举行例行吹风会，介绍增强消费品供需适配 性进一步促进消费政策措施有关情况。 2、国家卫健委11月27日就介绍基层医疗卫生服务进展成效有关情况举行发布会。 宏观经济 今日关注 公司动向 1、中金公司：正在筹划通过换股方式吸收合并东兴证券和信达证券。本次重组涉及A+H股两地上市公 司同时吸收合并两家A股上市公司，流程复杂。公司A股股票将继续停牌。 1、商务部部长王文涛与欧盟委员会贸易和经济安全委员谢夫乔维奇举行视频会谈，就安世半导体等经 贸问题深入交换意见。双方一致同意，企业是解决安世半导体问题的主体，将共同敦促安世荷兰与安世 中国尽快开展建设性沟通，找到长期解决方案，尽快恢复全球半导体产供链的畅通与稳定。双方还就中 欧出口管制等问题交换了意见。 2、广东省地方金管局等部门：印发《广东省金融支持企业开展产业链整合兼并行动方案》。探索将并 购重组、资产盘活等纳入国企考核 ...

Industry News - The China Insurance Industry Association issued a risk warning regarding the "Anwo Stock Insurance" business, stating that it is not an approved insurance product and that stock investment losses are not insurable. The platform's activities may involve illegal financial operations [6]. - Beijing's Internet Information Office and the Beijing Financial Regulatory Bureau launched a three-month campaign to address six types of online financial misconduct, focusing on misleading public information and illegal financial services [7]. - The Ministry of Industry and Information Technology and five other departments released a plan to enhance the adaptability of supply and demand for consumer goods, aiming for a significant optimization of the supply structure by 2027, with three trillion-level consumption sectors and ten hundred-billion-level consumption hotspots [7]. - The Ministry of Natural Resources announced breakthroughs in the efficient extraction of low-grade rare metals from coal, aluminum, copper, lead, and zinc ores, with significant improvements in recovery rates for various metals [7]. - The first hydrogen refueling station in China utilizing underground hydrogen storage technology has been operational for over 1500 days, supplying over 400 tons of hydrogen, marking a significant advancement in high-pressure underground hydrogen storage technology [8]. Company News - Dongwei Technology announced a significant increase in PCB plating equipment orders, driven by rapid growth in the PCB and memory sectors, with expected record-high order amounts this year [11]. - North University Pharmaceutical stated that related flu medications have not yet been produced or sold, and this will not impact the company's performance for a considerable time [12]. - *ST Dongtong disclosed that its annual reports from 2019 to 2022 contained false records and has received a notice of termination of listing [13]. - Debang Technology's largest shareholder, the National Big Fund, reduced its stake by 2% between September 11 and October 16, completing its reduction plan [13]. - Muxi Co., Ltd. plans to issue 40.1 million shares, with the initial strategic placement of 8.02 million shares, and the subscription date set for December 5, 2025 [15].

【环球时报特约记者 文简】 "特斯拉一位高管表示，这家美国汽车制造商重视中国供应商，不会因为原 产国或地理来源而排除任何供应商。"路透社26日报道称，当天，特斯拉公司副总裁陶琳在社交平台上 发表上述声明。此前，《华尔街日报》报道称，特斯拉要求供应商在其美国汽车生产过程中排除中国制 造的零部件。 26日，特斯拉公司副总裁陶琳发布微博表示，"无论是美国、中国还是欧洲，Tesla全球各生产基地的供 应商选择都采用同样严格、客观的标准，完全基于质量、总成本、技术能力成熟度以及长期供货连续 性。供应商的原产国或地理来源不构成排除性标准。" 路透社引述陶琳的声明称，特斯拉上海工厂与400多家中国国内供应商合作，其中60多家供应商也进入 了特斯拉全球采购体系。 美媒称，中国是汽车零部件和汽车内部材料的主要生产国和出口国，其生产规模庞大、成本较低，产品 价格比较低廉。"由于汽车行业的供应链和业务具有全球性，因此受中美摩擦影响尤为严重。"《华尔街 日报》称。对于所谓"特斯拉替换中国零件"的计划，香港《南华早报》日前引述分析人士的话报道称， 这种战略或许有一些效果，但在中国制造业的优势下，更广泛的"脱钩"是不切实际的。 《华尔街 ...