新华财经北京12月31日电四大证券报内容精华摘要如下： 中国证券报 ·2026年"两新"政策优化支持范围 国家发展改革委12月30日消息，国家发展改革委、财政部印发《关于2026年实施大规模设备更新和消费 品以旧换新政策的通知》，明确2026年"两新"政策的支持范围、补贴标准和工作要求。2026年"两新"政 策主要有三方面优化。具体包括：优化支持范围。设备更新方面，总体延续2025年支持范围，在民生领 域增加老旧小区加装电梯、养老机构设备更新，在安全领域增加消防救援、检验检测设备更新，在消费 基础设施领域增加商业综合体、购物中心、百货店、大型超市等线下消费商业设施的设备更新。消费品 以旧换新方面，进一步集中资源，着力提升覆盖人群广、带动效应强的重点消费品"得补率"。继续实施 汽车报废更新和汽车置换更新补贴；继续实施家电以旧换新补贴，支持范围聚焦冰箱、洗衣机、电视、 空调、电脑、热水器等6类产品；同时，将数码产品购新补贴拓展为数码和智能产品购新补贴，支持范 围包括手机、平板、智能手表（手环）、智能眼镜和智能家居产品（含适老化家居产品）。 ·券商2025年调研路线图揭晓三大板块最受青睐 随着A股2025年交易收官 ...

Core Insights - Jim Cramer warns that the "year of magical investing" is ending, indicating a potential pullback in stocks tied to AI and tech hype after significant gains in 2025 [1][2] Group 1: Investment Strategy - Cramer suggests that only two of the "Magnificent Seven" have outperformed the S&P 500 in 2025, signaling that easy gains from AI hype are diminishing [2] - He advises investors to focus on quality stocks and maintain patience, distinguishing between momentum and value [2][3] - Cramer emphasizes a shift from speculative AI stocks to established blue-chip companies that are effectively utilizing AI to enhance their operations [3][5] Group 2: Stock Recommendations - Cramer recommends trimming holdings in speculative stocks related to quantum computing, autonomous vehicles, and AI data centers, which have risen on hype rather than fundamentals [4][8] - Companies like Johnson & Johnson and Procter & Gamble are highlighted as examples of legacy firms successfully integrating AI into their business models [5][6] - Cramer encourages a long-term investment approach, advocating for a buy-and-hold strategy rather than short-term trading [7][10] Group 3: Portfolio Management - Cramer suggests a balanced portfolio that includes both index funds and a select few individual stocks, along with a non-stock asset for protection [9] - He emphasizes the importance of owning stocks rather than trading them frequently, aligning with Warren Buffett's investment philosophy [10][12] - Cramer believes that having one high-risk "moon shot" stock can significantly impact an investor's financial future [12]

会议听取了关于《上海2025年经济运行状况分析与2026年经济发展思路建议》的情况汇报。今年10 月以来，市政协经济和金融委员会组织开展相关调研，广泛听取政府部门、相关企业、委员和专家意 见，实地考察重点领域、重点区域、重点行业、重点企业和重大项目，综合各方意见、结合政协协商议 政职责提出了相关工作建议，形成专项报告。报告认为，今年以来，全市上下坚持以习近平新时代中国 特色社会主义思想为指导，全面贯彻落实党的二十大和二十届历次全会精神，在市委、市政府坚强领导 下，改革攻坚持续深入，制度型开放进一步深化；国家重大战略任务加快落实，"五个中心"功能融合升 级；现代化产业体系加速建设，新质生产力培育成效显著，产业创新与科技创新融合加强；多措并举扩 大有效需求，稳就业、稳企业、稳市场、稳预期成效明显；营商环境改革深化，市场主体活力迸发。结 合2026年上海面临的挑战和机遇，报告从持续推进制度型开放、聚力优化上海现代化产业体系、夯实原 创性和引领性"人工智能科创高地"、探索构建具有消费策源功能的国际消费创新高地、稳妥处理城市更 新的关键问题等方面提出具体建议。 会议还审议了其他事项。 市政协副主席肖贵玉、陈群、金兴明、 ...

AndresGarciaM / Getty Images Quick Read BBEU returned 36.9% year-to-date through late December 2025. The S&P 500 gained 17.8% in the same period. The fund saw $678.7M in inflows during one October week. Outstanding units surged 16.4%. European defense contractors and luxury brands drove gains. Tech exposure remains lower than U.S. indexes. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. When curr ...

Core Viewpoint - Procter & Gamble Company (PG) is set to announce its fiscal second-quarter earnings for 2026, with analysts projecting a slight decline in earnings per share (EPS) compared to the previous year [1][2]. Financial Performance - Analysts expect PG to report a profit of $1.87 per share on a diluted basis for the upcoming quarter, down from $1.88 per share in the same quarter last year [2]. - For the full fiscal year 2026, EPS is anticipated to be $6.99, reflecting a 2.3% increase from $6.83 in fiscal 2025, with further growth expected to $7.37 in fiscal 2027, a 5.4% year-over-year rise [3]. Stock Performance - PG stock has underperformed the S&P 500 Index, which gained 14.8% over the past 52 weeks, with PG shares down 14.9% during the same period [4]. - The stock also lagged behind the Consumer Staples Select Sector SPDR Fund, which experienced a 1.8% loss [4]. Market Challenges - The underperformance of PG is attributed to sector-wide challenges, including higher tariffs, soft consumer spending, and competition from lower-priced brands, despite resilient fundamentals [5]. - The company faces muted sales growth and margin pressures due to investments and tariffs impacting stock performance [5]. Recent Earnings Report - On October 24, PG reported its Q1 results, with an adjusted EPS of $1.99, surpassing Wall Street expectations of $1.90, and revenue of $22.4 billion, exceeding forecasts of $22.2 billion [6]. Analyst Sentiment - The consensus opinion on PG stock is moderately bullish, with a "Moderate Buy" rating from analysts. Out of 24 analysts, 11 recommend a "Strong Buy," 3 suggest a "Moderate Buy," and 10 give a "Hold" rating [7]. - The average analyst price target for PG is $169.68, indicating a potential upside of 17.2% from current levels [7].

As the curtain falls on 2025, it's only natural to look back at the stories and ideas that shaped our thinking this year — and for Business Insider staffers, that includes books.We asked our reporters to share the business, tech, and innovation books that left the biggest impression on them this year. Not all of these titles hit the shelves in 2025, but each offered something valuable: a new perspective, a spark of creativity, or simply a story we couldn't put down.Our picks span everything from Big Tech me ...

Market Performance - The S&P 500 reached a new record, climbing past 6,920 points with a year-to-date gain of 17% [1] - Other major indices also saw modest gains, indicating a potential fifth consecutive session of increases as the year ends [2] - The CBOE Volatility Index (VIX) fell to 13.7, the lowest level since mid-December 2024, reflecting reduced market anxiety [2] Notable Stock Movements - Top gainers in the S&P 500 included Sandisk Corp. and Nike Inc., both rising approximately 5% [2] - Nike shares increased following Apple CEO Tim Cook's purchase of 50,000 shares at $58.97 each [3] - Micron Technology extended its post-earnings rally to 27% over the past five sessions, gaining an additional 4% [3] Banking Sector Highlights - Major banks like Citigroup, J.P. Morgan Chase, Wells Fargo, and Bank of America reached record levels, with Citigroup marking its sixteenth gain in the past seventeen sessions [3][4] Precious Metals and Crypto Markets - Precious metals experienced a pause in their rally, with gold slipping 0.4% after reaching an intraday high of $4,525 per ounce, and silver falling 0.8% after hitting $72.69 [4] - In the crypto market, Bitcoin decreased by 0.9% to around $87,000, marking a 7% decline year-to-date [5] ETF Performance - The Vanguard S&P 500 ETF rose 0.2% to $633.80, while the SPDR Dow Jones Industrial Average ETF gained 0.4% to $486.07 [7]

Speakers at MD&M East urged companies to not act hastily in relocating their operations or cutting ties with their suppliers, saying the tariffs will eventually pass.While major firms like TSMC and Nvidia have announced massive U.S. investments, experts are skeptical the policies will lead to a widespread revitalization of domestic manufacturing.The U.S. has rolled out a deluge of tariffs, sparking responses from trading partners. Here’s where each tariff – threatened or realized – currently stands.How much ...

消息面上，据相关新闻报道，国内前往海南的机票预订量超72万张，同比增长约10%。这是海南封关运 作后的首个小长假。截至目前，平台元旦假期客单价同比去年增长10%，人均购买件数同比去年增长 9%。去哪儿旅行数据显示，2026年元旦期间租车量同比增长约1.8倍，异地取还车的人同比增长2.5倍。 最火热的自驾前3名城市是：海口、三亚、乌鲁木齐。 12月22日，港股市场开盘迎来积极开局，三大核心指数集体高开。截至发稿，恒生指数上涨0.42%，报 25800点；恒生科技指数表现更优，上涨1.05%，报5535点；港股消费板块现小幅上扬，港股消费ETF （513230）现小幅微涨，持仓股中，珍酒李渡领涨近6%，蜜雪集团、布鲁可、老铺黄金、泡泡玛特、 古茗等均涨超3%。 海南作为封关运作后的核心标的，其旅游消费的韧性与客单价提升，表明中产阶层在假日消费上依然具 备强劲动力。此外，元旦出行中 "宠物经济"与"自驾游"的爆发，也折射出消费者对个性化与私密性的 高溢价支付意愿，"情绪消费"正在重塑旅游产业链。 相关热门ETF： 电商龙头+新消费：港股消费ETF（513230） 假期催化+冰雪经济：旅游ETF（562510） 提振 ...

Market Overview - Value stocks have shown signs of life, outperforming the market in the current quarter, with S&P value leading [1][2] - Only two of the FAANG stocks have outperformed the market this year, indicating a shift in market dynamics [2] Investment Strategy - Investors are advised to stay invested and avoid trying to time the market, focusing on less popular sectors that are not leading the market [3][5] - Healthcare is highlighted as a favorable sector due to its affordability and lower economic sensitivity, making it a good option if the economy slows [3][5] Stock Picks - UPS and Kimberly Clark are identified as attractive investment opportunities, both down nearly 50% from their highs, with Kimberly Clark offering a PE of 12 compared to its usual 19 and a safe dividend yield of 5% [6][10] - UPS has seen a significant drop of 60% from its highs, but the company is moving away from its reliance on Amazon, which could improve its performance [11] Market Trends - There is a belief that the current inflationary environment will persist, similar to trends seen in the 1970s, which could benefit materials and commodities [13]