上证报中国证券网讯（记者 王彭）站在当下时点，宏利投资表示，当前全球形势已经发生变化，展望 下半年，其对不同区域的投资策略也相应地发生了调整。 宏利投资表示，日本经济的产出缺口近期有所收窄，但全球需求疲软或致2025年下半年增速放缓。工资 增长推高通胀，日本央行或于下半年加息，但政府债务压制长期债券收益率。日元升值或短期压制股 市，但企业盈利与资本开支改善利好其中长期表现。 来源：上海证券报·中国证券网 "我们仍看好欧元未来的上行潜力，主要支撑因素包括欧美经济增长差距缩小，以及众多投资者寻求美 元替代货币。对于欧元区股票，鉴于市场结构性前景改善及相对估值具有吸引力，我们也持审慎乐观态 度。"宏利投资称。 ...

Group 1 - The core point of the article is that Yuexiu Capital announced the resignation of Mr. Wu Yonggao from his position as employee representative director due to work adjustments, while he will continue to serve as the company's deputy general manager, board secretary, and financial director [2] - For the fiscal year 2024, Yuexiu Capital's revenue composition is as follows: futures brokerage business accounts for 44.6%, financing leasing business accounts for 24.54%, new energy business accounts for 23.19%, non-performing asset management business accounts for 6.89%, and investment management business accounts for 1.34% [2]

Core Insights - Zhuhai Port Holding Group Co., Ltd. has increased its registered capital from approximately 3.52 billion RMB to about 4.43 billion RMB, representing a growth of around 26% [1] Company Overview - The company was established in December 2008 and is legally represented by Zou Binghong [1] - Its business scope includes port operations, ordinary cargo transportation by water, hazardous cargo transportation by water, gas operations, corporate headquarters management, and investment activities using its own funds [1] - Shareholder information indicates that the company is jointly held by Zhuhai Transportation Holding Group Co., Ltd. and the Guangdong Provincial Department of Finance [1]

Group 1 - Berkshire Hathaway increased its stake in Sirius XM by approximately $106 million, acquiring 5,030,425 shares, bringing total holdings to over 124.8 million shares [1] - Sirius XM is a North American radio entertainment company that provides live and curated content through satellite broadcasting, focusing on in-car scenarios for stable profitability [1] - Berkshire Hathaway's repeated purchases of Sirius XM shares may indicate a strategic move to enhance its media and technology asset portfolio [1] Group 2 - Berkshire Hathaway sold 1,635,962 shares of DaVita at a price of $140.6, realizing approximately $230 million [1] - DaVita specializes in providing dialysis services for patients with kidney failure and does not manufacture dialysis medications or medical devices [2] - As of March 31, Berkshire Hathaway held 42.25% of DaVita's shares, having increased its stake in the secondary market since 2012 [2]

Group 1 - The Japanese stock market has stabilized after a tumultuous year, with the benchmark index experiencing a 12% drop and a market value loss of over $670 billion following an unexpected interest rate hike by the central bank [1] - The Topix index is now hovering near historical highs, having withstood two major declines and a significant unwinding of yen carry trades [1] - Analysts believe the market environment appears more stable, with further interest rate hikes possible, contrasting with previous sentiments [1] Group 2 - Investors remain cautious about the yen's exchange rate, despite a 2% increase against the dollar following disappointing U.S. employment data [3] - The volatility of the yen over the past four weeks is significantly lower compared to a 10% surge in the same period last year, indicating a shift in market sentiment [3] - The market has adapted to the new reality of rising Japanese interest rates, reducing the likelihood of large-scale unwinding of carry trades [3]

以下文章来源于孤独大脑 ，作者老喻的 孤独大脑 . 一个专注于"元认知"的跨学科思想平台。由得到App《人生算法》课程主理人、中信出版社年度作者老 喻原创，100万深度思考者订阅的决策指南。融合科学、哲学、与概率论，系统性拆解AI、投资与复杂 决策问题，与你一起探索理性边界，实现丰盛人生。 本文来自微信公众号： 孤独大脑 （ID：lonelybrain） ，作者：老喻，头图来自：视觉中国 因为巴菲特亏钱的人，要远比因为巴菲特而赚钱的人多。 道理很简单，会游泳的人，不幸溺水的数量，远大于不会游泳的人。 后者对水抱有天然的敬畏，绝不轻易越雷池一步；而前者，常因掌握了三五种泳姿，便误以为自己征 服了水的力量，从而走向了深水区，走向了失控的边缘。 在投资的所有"门派"中，巴菲特所倡导的价值投资，就是那个最诱人的"游泳理论"。 它看上去如此令人信服："用便宜的价格买入好公司"，逻辑清晰，而且貌似没有啥门槛，连小白也能 懂是啥意思。 但事实上，这种简单，就像"高尔夫就是挥一下杆"和"围棋就是黑白子"的简单一样，有着极强的迷惑 性。 于是，对其稍有了解的人，很容易以为自己在价值投资的泳池里学会了游泳，紧接着就迫不及待地下 ...

【导读】降息预期来了，美股暴涨 兄弟姐妹们啊，美股真的是看不懂了，前一个交易日，美股因为就业数据"崩盘"而暴跌，而今晚突然集体暴涨，因为就业数据可以让美联储 早点降息！ 美股大涨 8月4日晚间，美股三大指数大涨，收复了上一交易日因经济担忧及特朗普政府新一轮关税而引发的大幅跌幅。道指涨超400点，纳指涨近 2%，标普500指数涨超1%！ | 大型科技股全线暴涨。 | | --- | 分析指出，上周公布的最新就业数据显示就业增长大幅放缓，提升了美联储降息以支撑经济的预期。 特朗普已经表示，他将在未来几天宣布任命新的美联储理事和新的就业数据统计负责人，这两项任命可能会影响其经济议程，而全球增长前 景的不确定性正引发担忧。 美国失业率上升、就业放缓，正在让政策制定者的"观望"降息态度受到质疑，市场对9月会议降息的预期升温。 道富集团宏观多资产策略师Cayla Seder表示："这种乐观情绪很可能是短视的。"4.2%的失业率依然反映了强劲的劳动力市场。此外，市场预 计下一份消费者价格指数（CPI）数据将显示通胀有所回升，这将使美联储的任务更加复杂。"因此，任何基于降息预期的反弹可能都不会持 续太久"。 摩根士丹利美国首 ...

Core Viewpoint - The article discusses potential catalysts that may lead the Federal Reserve to consider interest rate cuts in upcoming meetings, highlighting the current economic indicators and market conditions [1]. Group 1: Economic Indicators - The labor market is showing signs of a sharp slowdown, which could influence the Federal Reserve's decision-making process [1]. - Actual inflation rates are reported to be lower than expected, suggesting a potential easing of monetary policy [1]. - There are indications that any inflation caused by tariffs may be temporary, further supporting the case for rate cuts [1]. Group 2: Federal Reserve Outlook - Russell Investments' Chief Investment Strategist Paul Eitelman believes that the Federal Reserve will have sufficient data, time, and policy clarity to reconsider rate cuts at the next meeting in September [1]. - Eitelman anticipates that Federal Reserve Chairman Jerome Powell will open the door to the possibility of rate cuts during his press conference [1]. Group 3: Market Conditions - The RSI indicator is currently around 58.4, indicating that the market has not yet entered an overbought territory, suggesting further upward momentum is possible [1]. - However, the market is at a critical juncture, requiring new catalysts to break through the 100 mark [1].

21世纪经济报道新质生产力研究院综合报道 早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起 看看吧。 【巨头风向标】 苹果2025财年第三财季业绩强劲，库克：部分归功于中国"国补"的帮助 美东时间7月31日美股盘后，苹果公布2025财年第三财季财务数据，总营业收入940.4亿美元，同比增长 10%，创2021年12月以来最大季度增幅；净利润234.3亿美元，同比增长9%。苹果在此季度迎来历史性 里程碑，累计销量突破30亿部iPhone。库克表示，中国市场收入好转（大中华区收入153.7亿美元，同 比增长4.4%）部分归功于中国政府对部分设备的补贴政策，并强调苹果正"大幅增加"AI投资。 硅基智能疑似回应全员裁员争议：目前有稳定的产研与销售团队 8月3日消息，针对近日网传"全员裁员"的消息，硅基智能发布声明称，2025年将重点布局杭州、嘉兴、 香港、新加坡等地，预计全年新增岗位数百个，2026年将达到新增数千人的扩张节奏，疑似辟谣该传 闻。根据网传截图，硅基智能创始人司马华鹏此前在工作群内@所有人并表示："各位，昨天我去看研 发，只有徐超一个人在加班，公司今天已 ...

Group 1 - Warren Buffett announced his retirement at the Berkshire Hathaway shareholder meeting in May, with Greg Abel set to become CEO on January 1 next year [2] - Following the retirement announcement, Berkshire Hathaway's stock price has been on a downward trend, with a cumulative decline of nearly 15% since its peak in early May [2] - Berkshire Hathaway's cash reserves remain high at $344.1 billion, despite a slight decrease in the latest financial report, indicating a cautious investment strategy amid concerns over high market valuations [2] Group 2 - In contrast to the overall market performance, Berkshire Hathaway's stock rose over 17% in the first quarter, but it has underperformed in the subsequent quarters as the market began to recover [3] - The company's net profit significantly dropped by 59% in the second quarter, largely due to substantial write-downs related to Kraft Heinz, and there has been no stock buyback plan during the stock price decline [3] - The lack of stock buybacks may be attributed to the stock not being undervalued enough and the introduction of a 1% stock buyback tax under the Inflation Reduction Act, which increases the cost of buybacks [3] Group 3 - Despite the less favorable performance in the second and third quarters, Berkshire Hathaway remains one of the best-performing public companies globally [4] - The transition from Buffett's era to Greg Abel's leadership is anticipated, with limited market knowledge about Abel's management and investment capabilities [4] - There is optimism that Abel, having been rigorously selected by Buffett, will continue the investment legacy established by Buffett [4]