Like the common kingfisher or Alcedo Atthis searches for small fish, I research small, and medium cap companies in Europe, the United States, and South America. You can find a common kingfisher in my profile.With close to 14 years in the financial industry, I worked for an equity research firm in NY, one investment fund in Mexico, and one investment bank in Ireland. Right now, I am a private investor. I usually cover mature industries such as mining, oil and gas, real estate, and others. I do not invest in ...

文/ 中国国际经济咨询有限公司ESG研究院高级咨询顾问，国务院国资委企业社 会价值实验室专家成员 师奕 ，中国国际经济咨询有限公司ESG研究院副院长 孙 启轩 ，芝加哥大学哈里斯公共政策学院硕士研究生 孙玏 金融ESG评级体系是引导资本流向高质量、可持续发展关键领域的重要工 具，其规则长期由西方主导，严重抑制后发国家探索多元可持续发展模式 的话语空间，本文立足金融主权与ESG国际规则重构背景，剖析构建中国 特色金融ESG评级体系的战略意义，重点分析金融ESG评级在服务国家战 略、增强国际话语权方面的关键作用，并提出构建本土化指标、强化标准 输出及推进标准互认等可行路径，以期为推动金融高质量发展和建设金融 强国提供理论支撑。 增强中国特色金融ESG评级体系的国际规则话语权 中国特色金融评级体系建设，承担着引导资本流向国家战略领域、服务实体经济、防范金融风险、深化 金融改革和维护金融主权的重要使命。ESG评级作为金融评级体系的重要组成部分，能够发挥"以评促 披、以评促管、以评促投"功能作用，实现对关键领域和可持续金融领域战略资源配置的精准引导，紧 跟"乡村振兴""绿色低碳""科技创新""一带一路"等中国特色战略关 ...

that it represents as well. Nvidia, by the way, hit another record this morning. That is the stock.Also this morning, CNBC reporting that Goldman Sachs is piloting an autonomous coder. This is potentially a major step in AI's evolution at least for Wall Street. You sun broke that story.He joins us now to discuss it. So tell us what this is. First of all, Hugh, and how it's going to be used at the bank.>> Hey, David. Yeah. So I mean, I think the headline here is we're in the middle of this grand experiment i ...

I remember very distinctly I had just started on the job. I had gotten the job of covering all the investment banks and I went to go visit a president of an investment bank and the quote I will never forget. I always said I would make it the cover of my book and it was there's no place for women here.So, I was a little shocked. Wow. To hear it, but then I just took a breath and I asked why.And he said, "There's no place for women because the minute they get to their 30s and they're trying to have a family a ...

Join for a 100% Risk-Free trial and see if our proven method can help you too. You do not need to pay for the costly lessons from the market itself.My last analysis on AT&T (NYSE: T ) was published on June 3. More specifically, that article was titled "AT&T Is A Stronger Dividend Hold Than T-Mobile US". The article focusedSensor Unlimited contributes to the investing group Envision Early Retirement which is led by Sensor Unlimited. They offer proven solutions to generate both high income and high growth wit ...

Welcome back to Worldwide Exchange. Goldman Sachs is looking to make a big splash on Wall Street with its newest hire. But it's not a legendary dealmaker.Also, the new hire, not actually human. CNBC banking reporter Hugh Sun breaking a story on Goldman's latest push into artificial intelligence testing an autonomous software engineer. The program is called Devon and Goldman tells CNBC it's expected to join the ranks of the bank's 12,000 human developers.Hugh Sun joins us now. Hugh, good morning. Now, that's ...

Group 1 - U.S. stock futures are lower, with Dow futures down approximately 300 points [1] - Frequency Electronics, Inc. reported fourth-quarter earnings of 34 cents per share, an increase from 28 cents per share year-over-year [1] - Frequency Electronics' sales rose to $19.986 million from $15.576 million [1] Group 2 - Frequency Electronics shares fell 5.4% to $21.44 in pre-market trading [2] - Capricor Therapeutics, Inc. shares declined 44% to $6.39 following a regulatory update on Deramiocel BLA for Duchenne Muscular Dystrophy [4] - Youlife Group Inc. shares fell 23.2% to $3.84 after an 82% drop on Thursday [4] - Civista Bancshares, Inc. shares dipped 12.5% to $21.72 after announcing a public offering of common shares [4] - Resolute Holdings Management, Inc. shares fell 9.5% to $36.01 after a previous gain of over 3% [4] - Scage Future shares decreased by 7.7% to $6.19 [4] - Albemarle Corporation shares fell 4% to $71.67 after a 5% gain on Thursday [4]

Group 1: Bitcoin Market Performance - Bitcoin reached a new all-time high of over $117,000 on July 11, 2025, driven by bullish momentum in risk assets and its correlation with tech stocks like NVIDIA, which recently achieved a $4 trillion valuation [1] - The iShares Bitcoin Trust ETF (IBIT) has increased by 15% this year, with a 4.3% gain in the past month, benefiting from favorable policy signals and tightening supply [2] - Bitcoin's recent performance is seen as a pressure release rather than a full-scale bull run, maintaining a tight $10,000 range over the past two months before the breakout [3] Group 2: Regulatory Environment and Institutional Adoption - Bitcoin's breakout coincides with Congress's "Crypto Week," where key regulations, including the GENIUS Act for a federal stablecoin framework, will be debated [4] - Positive outcomes from regulatory discussions may enhance institutional inflows into Bitcoin, with shares of Circle CRCL rising over 500% since their IPO [5] - Corporate adoption of Bitcoin is expanding, with companies like GameStop and Goldman Sachs increasing their Bitcoin ETF holdings, enhancing institutional credibility [8] Group 3: Bitcoin as an Inflation Hedge - Bitcoin is viewed as a hedge against inflation due to its fixed supply cap of 21 million coins, which may help it retain value amid increasing fiat issuance and potential global inflation from tariffs [7] - Bitcoin has gained 26.4% this year, outperforming the SPDR S&P 500 ETF Trust (SPY), which gained 7%, showcasing its strength amid market uncertainties [6] Group 4: Interest Rate Outlook - Potential rate cuts later this year could favor risk-on assets like Bitcoin, as lower rates reduce the opportunity cost of holding non-yielding assets [9][10] Group 5: Bitcoin Miners and AI Infrastructure - Bitcoin miners are pivoting to AI infrastructure, leveraging their data centers for more profitable ventures compared to traditional Bitcoin mining [12] - Companies like Bitfarms are well-positioned to meet the rising energy and space demands of AI computing, given their experience in building large facilities [13] Group 6: Investment Products for Risk-Averse Investors - New Bitcoin buffer ETFs have been launched to make Bitcoin more accessible to risk-averse investors, providing downside protection amid volatility [14][15]

Core Viewpoint - The Reserve Bank of Australia (RBA) surprised the market by maintaining the official cash rate (OCR) at 3.85% despite expectations for a rate cut, indicating a complex interplay of economic factors and a cautious approach to monetary policy [1][3][7]. Group 1: Economic Indicators - Inflation rates have decreased, with core inflation nearing the upper limit of RBA's target range of 2% to 3%, which traditionally would suggest a window for monetary easing [3]. - The unemployment rate remains manageable, and consumer confidence is low, suggesting that a rate cut could stimulate credit and investment recovery [3][6]. - The Australian federal government debt has reached historical highs, and household debt ratios are among the highest globally, complicating the decision to lower rates [6]. Group 2: Global Economic Context - The divergence in global interest rate cycles, particularly between the U.S. Federal Reserve and the European Central Bank, means Australia cannot simply follow suit in adjusting rates [4]. - The RBA's decision reflects a cautious stance amid rising external economic uncertainties, fluctuating Australian dollar exchange rates, and increasing domestic debt burdens [3][4][6]. Group 3: Market Reactions and Future Outlook - The market's shock stemmed from a misunderstanding that easing inflation would automatically lead to monetary easing, overlooking deeper strategic considerations by the RBA [7][10]. - Economists generally expect the RBA to initiate rate cuts by the end of the year, potentially lowering the OCR to 3.0%, indicating that the July decision may be a tactical adjustment rather than a strategic shift [9]. - The internal dissent within the RBA, evidenced by a 6-3 vote, highlights significant divisions regarding the economic outlook and policy direction [9]. Group 4: Strategic Implications - The RBA's current approach is characterized by a desire to minimize risks rather than make hasty decisions based on incomplete information, reflecting a broader trend of central banks navigating complex global dynamics [10]. - Future economic pressures, including geopolitical factors, internal debt, climate risks, and global capital cycles, will challenge the RBA's ability to maintain market confidence [10].

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Viewpoints - The report emphasizes that trade tensions are escalating as deadlines for agreements approach, leading to increased uncertainty that may impact business confidence, capital expenditure, and trade cycles [1][7][32] Summary by Sections Trade Negotiation Updates - The report outlines the current status of trade negotiations across various economies in the region, highlighting that only Vietnam has reached an agreement so far, while others remain uncertain [7][9] - Key issues include tariff adjustments, market access for agricultural products, and the complexities surrounding the approval of exports, particularly for critical materials like rare earths [9][48] Tariff Implications - The report indicates that the U.S. may unilaterally set tariff rates, with potential increases in tariffs on pharmaceuticals and semiconductors, reflecting ongoing trade uncertainties [7][12][21] - Current tariff rates on imports from Asia, excluding China and Vietnam, have seen a significant rise, with the weighted average tariff rate increasing [12][14] Economic Impact - High-frequency data suggests that the growth cycle may be adversely affected in the next 2-3 months due to the ongoing trade tensions, with indicators showing signs of a slowdown in economic activity [32][41] - The report notes that while some economic indicators have remained strong, there is a concern that this may be due to preemptive demand ahead of the July 9 deadline, with subsequent data expected to reflect a downturn [32][42] Regional Trade Dynamics - The report highlights that countries like India, Indonesia, and Thailand are facing significant tariff increases, which could further complicate trade relations with the U.S. [25][48] - The complexities of defining and measuring transshipment issues are also discussed, indicating that imports perceived as transshipped from China may face higher tariffs, complicating trade for other Asian economies [21][31] Future Outlook - The report concludes that trade uncertainties are likely to persist, affecting corporate confidence and capital spending, with potential tactical tariff increases expected if negotiations stall [7][22][32]