Core Viewpoint - Despite the 25% tariffs imposed by Trump on imported cars, demand for Ferrari's supercars in the U.S. remains strong, indicating the brand's ability to pass on costs to consumers [1][2]. Group 1: Market Demand and Pricing Strategy - Ferrari has raised prices on certain models by up to 10% in response to tariffs, yet has not seen any cancellations of orders [1]. - The U.S. market accounts for approximately 25% of Ferrari's total sales, making it the company's largest market [1]. Group 2: Financial Performance - In the Q1 earnings report, Ferrari reported a 23% year-over-year increase in operating profit to €542 million and a 13% increase in revenue to €1.79 billion, both exceeding market expectations [3]. - Ferrari has maintained its previous guidance, projecting an adjusted operating profit of at least €2 billion and a profit margin of at least 29% [3]. Group 3: Analyst Commentary and Future Outlook - Analysts from Bernstein described Ferrari's Q1 results as "rock solid," highlighting the company's ability to outperform market consensus and confidently reaffirm its guidance for FY2025 [4]. - In Q1, Ferrari delivered five hybrid models, which accounted for 49% of total deliveries, and plans to launch its first electric vehicle in October, with sales starting in 2026 [4]. - The performance of Ferrari as a luxury brand demonstrates its strong pricing power and customer loyalty, allowing it to maintain stability amid a challenging global trade environment and a generally weak automotive industry [4].

联想杨元庆回应产品是否涨价 金十数据5月7日讯，在今日的联想TechWorld上，联想集团董事长杨元庆被问及作为一家全球化公司， 接下来联想的产品是否会涨价？杨元庆表示，这肯定没有一个绝对的回答，零部件的供需情况是很重要 的考量因素。大家关心的是关税的影响会反映在产品定价上，如果没有更进一步的政策改变，可能对价 格影响还不大，但未来不确定性非常大。 （一财） ...

实时黄金订单流分析 市场聚焦美联储决议！会否重新定价降息预期？黄金需要关注哪些关键位置？顺姐正在实时分析订单 流，点击观看 相关链接 ...

智通财经APP获悉，游说团体警告称，美国总统唐纳德·特朗普的新药品定价提案可能在未来十年内使 制药公司损失高达1万亿美元。 一些众议院共和党人——包括负责监管医疗补助事务的委员会主席布雷特・格思里——此前曾反对"国 际参考定价"政策。消息人士周二表示，格思里对该政策的担忧并未改变。 据报道，格思里计划周三早些时候与委员会的其他共和党人会面，就医疗补助改革和其他提议做出最终 决定。 曾在特朗普第一任期内担任白宫国内政策委员会主席的乔·格罗根表示，考虑到特朗普在第一任期和竞 选期间的行动，他坚持降低药品价格和将药品制造转移到美国国内并不令人意外。 格罗根表示："令我困惑的是，一些业内人士竟然认为他不是认真的。他已经说得很清楚了。" 一些游说人士表示，游说团体PhRMA周日与董事会成员召开了紧急电话会议，讨论其反对策略。 在特朗普的第二个总统任期内，制药业高管们大多谨慎行事。此前，特朗普曾公开考虑对制药业征收关 税，任命疫苗怀疑论者小罗伯特·F·肯尼迪担任美国卫生与公共服务部部长，并授权世界首富埃隆·马斯 克裁减制药监管机构的员工。所谓的"国际参考定价"政策将考验制药业对国会山和白宫共和党人施加影 响的能力。 Ph ...

Core Viewpoint - Deutsche Bank anticipates that the Federal Reserve will maintain its current interest rate range of 4.25-4.50% while awaiting the impact of recently implemented trade policies on economic growth and inflation [1] Interest Rate Projections - The Federal Reserve is expected to lower rates by 8 basis points in June and 24 basis points in July, totaling a reduction of 78 basis points by the end of the year [1] - For the following year, a total reduction of 113 basis points is projected by June 2026 and 118 basis points by December 2026 [1]

Financial Data and Key Metrics Changes - High-speed data (HSD) revenue decreased by 0.8% year over year to $105.4 million [8][12] - Total revenue for the quarter decreased by 7.1% to $150 million, driven by declines in video and telephony revenue [12] - Adjusted EBITDA increased by 13.8% year over year to $76.7 million, with a record adjusted EBITDA margin of 51.1% [8][12] - ARPU reached a record high, increasing by 3.7% year over year to $75 [10] Business Line Data and Key Metrics Changes - The company passed an additional 13,700 homes in greenfield markets, bringing the total to 75,600 homes passed [9] - Penetration rates in greenfield markets remained strong at 16.3% [9] - The traditional video business saw a 38% decrease in subscribers, now at 48,900 [10] Market Data and Key Metrics Changes - The 2025 Edge Out Vintage passed 1,500 new homes with a penetration rate close to 27% [9] - The 2024 Edge Out Vintage increased its penetration rate to 44.6%, while the 2023 vintage increased to 31.4% [9] Company Strategy and Development Direction - The company is focusing on fiber to the home expansion initiatives while maintaining cost discipline [11] - The strategy includes migrating customers off the video platform and aligning with YouTube TV, which has seen significant growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management noted strong momentum in greenfield markets and emphasized the importance of simplified pricing in reducing churn [6][27] - The company anticipates continued growth in the second half of the year, despite some expected churn from video rate increases [29] Other Important Information - Total cash at the end of the quarter was $28.8 million, with total outstanding debt of $1.03 billion and a leverage ratio of 3.4 times [12][14] - Capital expenditures for the quarter were $38.9 million, with expectations to spend between $60 million and $70 million on greenfields in 2025 [14][16] Q&A Session Summary Question: Can you discuss the pace of capital spending and its impact on new Greenfield homes passed? - Management indicated that while $10.8 million was spent in the first quarter, they expect to spend the full $60 million to $70 million for the year, with spending back-end loaded due to weather delays [25][26] Question: What does the competitive landscape look like and how are you thinking about net adds? - Management noted that competition remains similar, with low churn aided by simplified pricing, and they expect to maintain net adds similar to the first quarter [27][28] Question: Can you provide insights on mobile products and their impact on churn or HSD subscribers? - Management stated that mobile offerings are not a significant driver for acquisition or churn reduction, focusing instead on core broadband and YouTube TV services [30]

• 黄金定价受投资需求和央行购金驱动，珠宝需求则起到压制金价的作用。 投资者倾向于金价上涨时购买，而央行通常在金价底部时增加购买，高点 时减少。 • 从金融产品属性角度分析，黄金定价受流动性、收益性和安全性影响。美 债实际收益率衡量持有黄金的机会成本，美元信用风险影响安全属性，流 动性放大短期波动。 • 美元流动性指标（如 Libor）可衡量流动性对金价的影响，但难以预测， 仅提供参考。安全属性的影响复杂，通常通过 ETF 购买量或期货持仓量间 接计算信用影响。 • 黄金作为长久期资产，与 10 年期美债对标，基于美债实际收益率。美元 及美债信用是关键，一旦信任发生变化，需重新评估安全属性的风险权重。 • 流动性危机导致金价短期调整，不改长期趋势。经济危机、疫情或贸易摩 擦引发短暂市场波动，分析需关注这些短期变量。 • 预测金价走势应关注信用层面的影响。自 2022 年 10 月以来，信用因素 驱动金价上涨，主要由央行持续购入黄金驱动，预计去美元化趋势将继续 推动金价上涨。 • 黄金股具备资源属性和内生成长性，利润兑现度受成本上升影响。应关注 资源属性带来的修复势能和企业内生成长，如山金、紫金、招金等公司的 ...

来源：慧言史说 近日，Temu美国官网突然毫无征兆地蹦出来一个醒目的弹窗，上面清楚地写着："所有中国直发包裹即 刻停运。" 没有红头文件，没有客服话术，就像有人直接拔了中美电商的氧气管。 很快，洛杉矶长滩港就炸开了锅。 三家通关公司的老板也同时收到了CBP的加密邮件，上面显示T86的快速通道绿灯早已全灭。 这意味着，之前这套让Temu日吞吐百万快递包裹的"作弊码"，如今已经被美国海关连夜注销了账号。 之后更是有货代在推特上发疯："昨天本来还能走仿牌手表，今早却连纽扣都卡在了海关。这哪是清 关？这根本就是断头台！" 当然，此时位于广州白云仓库的打包工们最是懵逼。 要知道，往常这个时候，他们早就该往集装箱里疯狂甩货了，可今天工头却出人意料地举着喇叭高 喊："赶紧把那些1.99美元的手机壳都撤下来！" 有经验的老油条工人趁机偷偷扫了一眼海关系统，竟惊讶地发现之前所熟知的至少20条海运路线，目前 已是全线标红。 面对如此情景，有人打趣道："这下就连义乌老板们藏在袜子里的报关单都成了废纸。" Temu美区快递通道暴毙，中美电商暗道惨遭封喉 要论为何Temu美国官网仅凭一个弹窗，就能引起中美电商集体"哀嚎"。 那就不得不 ...

Company Overview - RoomPriceGenie is a Swiss information and communication technology company founded in 2017, specializing in automated pricing management software for hotels [2] - The company was co-founded by Ari Andricopoulos, Jörg Siegel, and Marvin Speh, who hold advanced degrees in finance, economics, and business innovation respectively [2] - RoomPriceGenie currently employs over 100 staff members [2] Industry Context - The rise of online booking platforms has intensified competition among hotel operators, requiring them to offer competitive pricing against various types of accommodations [4] - Only 10% of hotels globally utilize specialized revenue management systems, with smaller hotels relying more on manual pricing, leading to competitive disadvantages [4] Product Features - RoomPriceGenie's software automates pricing calculations by tracking internal data and real-time market information, allowing hotels to focus more on guest services [6] - The software monitors prices of up to 10 major competitors and 500 nearby hotels, ensuring competitive pricing strategies [6] - It can dynamically adjust prices based on booking volume and market demand, optimizing revenue during peak seasons and improving occupancy during off-peak times [6] Performance Metrics - Hotels using RoomPriceGenie's software can see an annual revenue increase of 22% [6] - The software performs 12 price updates daily and can calculate optimal prices for the next 18 months, significantly reducing manual pricing efforts [7] - It also generates visual data for key performance indicators such as revenue, occupancy rate, Average Daily Rate (ADR), and Revenue Per Available Room (RevPAR) [7] Market Reach and Funding - RoomPriceGenie serves over 3,000 hotels across 65 countries, indicating its global presence [7] - In February 2025, the company secured $75 million in funding from Five Elms Capital to support global expansion and technology upgrades [7] Recognition - RoomPriceGenie was listed in the 2024 TOP100 Swiss Startups, highlighting its status as a leading innovative company in Switzerland [9]

2035年到期债券收益率6.250%。 通用汽车为20亿美元高级票据定价。 2028年到期公司债收益率5.350%。 2030年到期债券收益率5.625%。 ...