Core Viewpoint - Annaly Capital Management offers a high dividend yield of over 14%, but its business model and volatility in dividends and stock price suggest it may not be suitable for traditional dividend investors [1][8][12]. Business Model - Annaly Capital operates as a real estate investment trust (REIT) that does not purchase physical properties but instead buys mortgages pooled into bond-like securities, which is a complex model not easily replicated by small investors [2][4]. - The company aims to profit from the difference between the interest earned on mortgage securities and its operational costs, including leverage costs, indicating a higher risk profile [4]. Market Dynamics - Mortgage securities traded by Annaly are subject to rapid value changes influenced by interest rates, housing market conditions, and mortgage repayment rates, making it challenging for most investors to monitor [5]. - The volatility in both the stock price and dividends has been significant, with the annual dividend showing a downward trend until its recent increase [8]. Investment Suitability - Mortgage REITs like Annaly are better suited for active and aggressive investors rather than traditional dividend investors, as the focus is on total return rather than consistent dividend income [6][12]. - While Annaly's total return has historically kept pace with the S&P 500, it does not provide a reliable income stream, which is a primary goal for many long-term dividend investors [11][12]. Portfolio Considerations - For investors focused on total return and diversification across asset classes, Annaly may be a suitable addition to their portfolio, provided they understand the importance of reinvesting dividends to achieve total return goals [11][13].

在7月11日召开的2025中国汽车论坛上，广汽集团董事长、总经理冯兴亚在致辞中表示："当前，汽 车产业变革已踏进深水区，广汽集团已全面进入'战时状态'，全力打好'用户需求战、产品价值战、服务 体验战'这关乎未来的'三大战役'，助力再造新广汽。" 在他看来，无论行业的变局、还是广汽的变革，两者共同的底层逻辑都源于用户需求的快速演变。 冯兴亚说："一直以来，广汽在专注造车的同时，始终'坚守着自己的坚守'。我们一贯坚持安全底线， 比如整车开发周期必须经过两冬一夏的严格验证、高阶智驾必须采用双冗余设计等等，以求最大程度确 保品质和安全，满足用户的功能价值诉求。 在线上线下融合运营方面，除了线上24小时全天候在线的超级管家实现100%直连客户，广汽依托 广汽全国2000多家销售服务网点，加快建设"广汽综合销售服务中心"，打造"全方位、多层次、线上线 下融合"的新服务体系，实现93%的问题在2小时内解决；在软件领域，广汽今年已全面实施整车软件大 版本定期OTA分类升级体系，为用户带来常用常新的智能科技价值体验；在渠道领域，广汽将加速在低 线城市的渠道下沉，让服务更好触达各级城镇消费者。此外，广汽也将通过流程再造，重塑与客 ...

Joining me now, NBC's Ryan Nobles has been reporting on these raids in California. Also here, Nick Miroff, staff writer at The Atlantic, who spoke to more than a dozen current and former ICE agents about morale problems inside the agency. It's good to have both of you.Ryan, what else can you tell us about this cannabis farm raid in California. Well, this was a massive facility, Chris. 5.5% million acres in all indoors in Southern California in the town of Camarillo.And what happened is that these ICE agents ...

Core Points - Livingston has met its affordable housing quota for the next decade, with over nine years to spare, according to town officials [3][15][20] - The township's Fourth Round Housing Element and Fair Share Plan has been officially endorsed by the Livingston Township Council [4][19] Group 1: Housing Quota and Planning - The initial affordable housing requirement for Livingston was set at 461 units, which was later reduced to 430 units through a settlement [9][8] - A "Vacant Land Adjustment" (VLA) was applied, reducing the Realistic Development Potential (RDP) to only 13 units due to a lack of available land for new development [10][11] - The total obligation for the Fourth Round was calculated to be 94 units, which includes the RDP and 25% of the remaining adjusted prospective need [12][18] Group 2: Compliance and Future Planning - Livingston has already satisfied its Fourth Round obligation through strategic planning and the use of surplus credits from previous rounds [15][16] - The township has banked an additional 78.5 credits from Fourth Round projects, along with 31 surplus credits from the Third Round, to address future obligations [18][20] - No additional new projects are required until 2035, as the township has met its obligations with already approved projects [19][20] Group 3: Legal and Regulatory Framework - The new state law mandates that municipalities must satisfy their RDP through approved zoning, which Livingston has complied with [11][21] - The township is prepared to defend its Housing Element and Fair Share Plan against potential objections, particularly from the New Jersey Builders Association [21][22] - Upon resolution of any objections, the plan will be eligible for compliance certification, providing legal protection against builder's remedy lawsuits through 2035 [23]

例如近期，某家厂商就因未能及时给旗舰机型用户推送新功能被用户送上微博热搜。究其原因其实也很简单，这些购买了旗舰机型的用户花了大几千元支持 厂商，不说要有新功能体验优先权了，至少不能被推到"老用户不如狗"的境地。 其实这种事情在手机市场不是第一次发生了，旗舰用户拥有一定特权是应该的，但手机厂商们也有自己的考虑，真理到底掌握在谁手中呢？ 新机用户成了小甜甜，老用户一夜变牛夫人？ 从去年开始，用户对手机的吐槽逐渐从硬件层面转移到软件层面。在厂商们的努力下，硬件的短板越来越少，但软件调教的表现却"一年不如一年"，相形见 绌。 可能很多读者还不清楚这件事的来龙去脉，我这里为大家总结一下，简单来说就是某家手机厂商在自家的一款中端新机上推出了其他所有机型都没有的新功 能，而且从某位高管的口中，这项功能是专为新机量身定做的，短时间内不考虑推送到其他机型上。 （图片来源：某品牌官网） 恰恰就是这一点就让不少旗舰机型用户「恼怒」，明明自己花了更多的真金白银来支持厂商，怎么到头来还不如花两三千元买中端机的用户来的「高贵」？ 从一位普通消费者的角度出发，我个人也非常不喜欢这种单机型独占某一个功能的举动，有一丝强行「绑架」用户去购买这 ...

Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds like the S&P 500 [1]. Investment Strategy - The company advocates for a balanced approach to investing, focusing on high-quality dividend stocks that provide long-term growth potential and reliable income [1]. - The strategy aims to create a robust investment portfolio that not only generates income but also captures total returns that align with market benchmarks [1].

Q&A 智能驾驶产业链的细分环节有哪些？线控底盘在其中的作用是什么？ 智能驾驶系列专题：线控转向加速落地，线控底盘大势所 趋 20250709 摘要 线控底盘通过电子化替代液压系统，为驾乘者提供数字重构、主动安全 等优势，并助力车企平台化开发降本，同时为国内供应商打破技术壁垒 提供机遇。EHB 已实现国内 60%渗透率，EMB 预计 2026 年上车，自 主供应商份额提升。 EPS 系统在中国市场渗透率已达 99%以上，CEPS 仍为主流，但 DPEPS/REPS 占比将提升。预计 2028 年中国 EPS 市场规模将从 400 亿元增至近 500 亿元，单车均价也将从 1,400 元提升至 1,500 元以上。 全球 EPS 市场由捷太格特、耐世特和博世主导，国内市场博世合资公司 领先，耐世特紧随其后。EPS 核心零部件 ECU 和电机国产替代加速，但 电机市场仍由外资企业占据主导地位。 线控转向通过电子信号取代机械传导，响应更快，操作更灵活，单车价 值量 3,000-4,000 元。目前仅蔚来 ET9 适配，全球渗透率低，但 robotaxi 发展或将推动其应用，预计 2030 年国内市场规模达 350 ...

证券分析师 张晋源 A0230525040001 zhangjy@swsresearch.com | 指数 | 收盘 | | 涨跌（％） | | | --- | --- | --- | --- | --- | | 名称 | （点） | 1 日 | 5 日 | 1 月 | | 上证指数 | 3510 | 0.48 | 3.69 | 1.4 | | 深证综指 | 2107 | 0.26 | 4.82 | 1.08 | | 风格指数 | 昨日表现 | 1 个月表现 | 6 个月表现 | | --- | --- | --- | --- | | | （％） | （％） | （％） | | 大盘指数 | 0.45 | 3.62 | 7.28 | | 中盘指数 | 0.38 | 4.39 | 8.11 | | 小盘指数 | 0.32 | 3.5 | 14.46 | | 行业涨幅 | 昨日涨 | 1 个月涨 | 6 个月涨 | | --- | --- | --- | --- | | 焦炭Ⅱ | 5.97 | 11.85 | 10.99 | | 小金属Ⅱ | 3.47 | 4.96 | 19.91 | | 房地产服务 | 3. ...

Key Takeaways TSLA plans to expand its robotaxi service to the San Francisco Bay Area within months, pending approvals. Unlike Texas, California requires multiple permits from the DMV and CPUC for commercial robotaxi launches. Tesla's early Austin trials faced traffic issues, highlighting challenges as the service scales beyond Texas.Tesla (TSLA) is planning to expand its robotaxi service to the San Francisco Bay Area within the next month or two, pending regulatory approval, per CEO Elon Musk. The compan ...

RT Token Terminal 📊 (@tokenterminal)🚨 RWA TVL is at an all-time high of ~$6.1 billion@ethereum has ~80% market share https://t.co/lBT139374o ...