Core Insights - Nanjing aims to become a "6G City" by 2027, with a detailed action plan outlining specific goals for the development of next-generation communication technology [1][10] - The leadership of Yu Xiaohu and the achievements of the Purple Mountain Laboratory are central to Nanjing's confidence in achieving its 6G objectives [1][2] Group 1: Technological Advancements - Yu Xiaohu's team has made significant breakthroughs in 6G technology, including the world's first demonstration of a 1Tbps transmission rate, which is 100 times faster than 5G [2][3] - The laboratory has achieved over 10 "world firsts" in 6G technology and has received national science and technology awards twice [3][6] - The development of "non-cellular" communication technology is expected to revolutionize 6G capabilities, offering higher transmission speeds, lower latency, and greater coverage [5][6] Group 2: Industrialization and Ecosystem - The establishment of the Purple Mountain Group aims to facilitate the commercialization of research outcomes from the Purple Mountain Laboratory [6] - The "three-dimensional" model for technology transfer includes the laboratory as the source of innovation, the technology city as the incubator, and the group as the capital reservoir [6][4] - By 2027, Nanjing plans to establish at least 100 new companies focused on 6G technology commercialization [7][10] Group 3: Talent and Collaboration - The 6G research team at the Purple Mountain Laboratory has grown to nearly 400 members, emphasizing the importance of talent in driving innovation [10] - The establishment of a 6G industry alliance marks a significant step in accelerating Nanjing's development in the 6G sector [10] - The laboratory's team has been recognized with the "Chinese Youth May Fourth Medal," highlighting its contributions to the field and its role in nurturing young talent [9][10]

Core Viewpoint - Investing in ultra-high-yield dividend stocks can generate significant passive income, with a potential of over $3,700 from a $50,000 investment by 2026. Group 1: Ares Capital - Ares Capital offers a dividend yield of approximately 9.4%, with an expected dividend income of around $940 from a $10,000 investment this year [2][4]. - The company has maintained or grown its dividend for 65 consecutive quarters, indicating a stable dividend trend [4]. Group 2: Energy Transfer LP - Energy Transfer LP has a forward distribution yield of 7.6%, which would yield at least $760 in passive income from a $10,000 investment by 2026 [5][6]. - The company is well-positioned to meet the growing demand for electricity in the U.S. due to its extensive natural gas pipeline network and storage capacity [6]. Group 3: Pfizer - Pfizer's forward dividend yield is nearly 6.9%, translating to approximately $690 in passive income from a $10,000 investment by 2026 [7][10]. - Despite a high dividend payout ratio of 99.4%, Pfizer continues to generate sufficient free cash flow to maintain its dividend, with plans for future growth [8][10]. Group 4: Verizon Communications - Verizon Communications has a forward dividend yield just below 7%, expected to add around $700 to passive income from a $10,000 investment this year [11]. - The company has announced its 19th consecutive annual dividend increase, supported by robust free cash flow growth [12]. Group 5: Vici Properties - Vici Properties has a forward dividend yield of nearly 6.5%, contributing to a total passive income of over $3,700 when combined with the previous stocks [13][15]. - As a real estate investment trust (REIT), Vici is required to return at least 90% of its profits as dividends, and it owns a significant portfolio of high-profile gaming and entertainment properties [15].

Market Overview - Major European markets closed lower due to geopolitical tensions and uncertainty surrounding French budget negotiations, with investors taking profits from recent gains [1][2] - The pan-European Stoxx 600 edged down 0.03%, with the U.K.'s FTSE 100 down 0.04%, Germany's DAX down 0.22%, and France's CAC 40 down 0.65% [3] Company Performance - In the UK market, BAE Systems, Natwest Group, Smiths Group, Schroders, National Grid, Standard Chartered, British Land Company, and The Sage Group gained between 1.4% to 2.3% [4] - Conversely, Pearson, Metlen Energy & Metals, Entain, Antofagasta, Endeavour Mining, Glencore, Anglo American Plc., and Pershing Square Holdings lost between 2% to 4% [4] - Daimler Truck Holding reported a decline in 2025 sales, contributing to its stock decline [5] - Siemens Energy saw a significant increase of over 5%, while Zalando, RWE, and Fresenius Medical Care gained between 1.5% to 1.7% [6] Notable Transactions - Kloeckner & Co shares soared over 28% following Worthington Steel's announcement of a $2.4 billion acquisition of the German steel processor [6] French Market Insights - In the French market, Kering and Essilor closed down by 4.7% and 4%, respectively, while LVMH, Stellantis, TP, and Renault lost between 2.7% to 3.1% [6][7]

Core Viewpoint - TELUS Corporation successfully completed the redemption of C$600 million 3.75% Notes, demonstrating its commitment to balance sheet management and financial stability [1][2]. Group 1: Financial Management - The redemption was funded through proceeds from TELUS' December 2025 offering of Fixed-to-Fixed Rate Junior Subordinated Notes, which raised C$2.9 billion for debt repayment [1]. - TELUS has undertaken a broader balance sheet management initiative, including the early redemption of seven series of discounted notes totaling C$1.0 billion [2]. - The company aims to reduce its net debt to adjusted EBITDA ratio to approximately 3.3 times or lower by year-end 2026 and around 3.0 times by the end of 2027 [3]. Group 2: Strategic Priorities - The company's proactive management of its debt maturity profile is intended to create greater financial flexibility to support capital allocation priorities and enhance long-term shareholder value [2]. - TELUS is committed to a deleveraging trajectory that is progressing ahead of plan, with a projected net debt to adjusted EBITDA of approximately 3.4 times for 2025 [3].

Core Insights - Laughing Water Capital reported a fourth-quarter return of approximately 6.8%, with full-year returns at around 3.9% net of fees and expenses, outperforming the SP500TR and R2000 indexes in the previous year [1] - Cumulative returns since inception for the portfolio are about 400%, compared to approximately 332% for the SP500TR and 175% for the R2000, indicating strong long-term performance [1] Company Highlights - NextNav Inc. (NASDAQ:NN) is highlighted as a key investment, focusing on next-generation positioning, navigation, and timing solutions [2] - As of January 15, 2026, NextNav Inc. shares closed at $14.93, with a one-month return of -11.08% and a 52-week gain of 14.93%, giving it a market capitalization of $2.01 billion [2] - The investment in NextNav is viewed as a backup to GPS, with performance being flat for the year, which negatively impacted overall performance [3] - Future success for NextNav is contingent on obtaining FCC approval for its plans and the valuation of the re-purposed spectrum [3]

Group 1 - Taiwanese companies are proposing investments in U.S. chip manufacturing in exchange for lower tariffs [1] - Goldman Sachs identifies potential opportunities in prediction markets [1] - Verizon is offering $20 credits to customers after resolving a recent service outage [1]

在备受关注的《具身智能跃迁时刻》特别对话环节，银河通用联合创始人张直政、众擎机器人CEO赵同阳、钛虎机器人CEO易港和商汤国香资本合伙人余 俊分享精彩观点。 "AI存在短板" 转自：新浪科技 "2025科技风云榜"年度盛典于2026年1月15日在北京举办，今年活动主题为"启新智，赴新程"。 中国工程院院士、清华大学化工科学与技术研究院院长金涌，欧洲科学院院士、西湖大学可信与通用人工智能学院创始人金耀初，GSMA大中华区总裁斯 寒，英特尔公司副总裁、英特尔中国研究院院长宋继强，百度集团副总裁、百度数字人&电商业务负责人平晓黎，愉悦资本创始及执行合伙人刘二海，钉 钉金融行业总经理李伟，鱼泡直聘创始人、CEO周峰出席论坛并发表主题演讲。 今年91岁的金涌，是坐拥180多万抖音粉丝的"网红院士"。他凭借通俗易懂的科普内容和前沿科技见解，打破年龄圈层壁垒，收获大批网友喜爱。 在现场，金涌发表《新智时代与科技创新》主题演讲，依旧带来了极具启发的观点。在演讲中，金涌深入分析了人工智能的优势与短板，并表示，AI凭 借知识占有、数据处理、强大算力和先进算法四大要素，在高维度抽象、复杂性问题解决等领域展现出超越人脑的能力，其通过 ...

Core Viewpoint - Uniti Group Inc. has announced the pricing of a $960.1 million offering of secured fiber network revenue term notes, which will be used for general corporate purposes, including capital expenditures and debt repayment [1][3] Group 1: Offering Details - The offering consists of three classes of term notes: $677.71 million of 5.219% Series 2026-1 Class A-2 notes, $112.96 million of 5.561% Series 2026-1 Class B notes, and $169.43 million of 7.653% Series 2026-1 Class C notes, with a weighted average coupon rate of approximately 5.689% [1] - The notes are expected to be secured by residential fiber network assets and related customer agreements in Arkansas, Georgia, Kentucky, Ohio, and Texas [1] - The offering is anticipated to close on January 30, 2026 [1] Group 2: Additional Financing - In connection with the closing of the notes offering, the Issuer plans to enter into a $150 million variable funding note facility, subject to leverage tests and other customary conditions [2] - A liquidity funding note facility is also expected to be established to support the transaction's liquidity reserve and cover specified payment shortfalls [2] Group 3: Company Overview - Uniti is a premier fiber provider focused on enabling critical connectivity across the United States, serving over a million consumers and businesses [6]

Core Viewpoint - Data Storage Corporation has successfully completed a tender offer to acquire approximately 72% of its outstanding shares, positioning itself for a disciplined acquisition strategy while maintaining a strong cash reserve of over $10 million [1][3]. Group 1: Tender Offer Details - The company acquired 5,625,129 shares at a price of $5.20 per share, totaling approximately $29.25 million, funded entirely through cash on hand [3]. - The tender offer expired on January 12, 2026, and the shares accepted for purchase represent about 72% of the total outstanding shares as of December 8, 2025 [1][3]. Group 2: Financial Position and Strategy - Following the tender offer, Data Storage Corporation retains over $10 million in cash, allowing for future strategic initiatives [2][3]. - The company aims to pursue a disciplined acquisition strategy focused on technology-enabled services, particularly in areas such as GPU environments, AI-driven software applications, cybersecurity, and telecommunications [3][4]. Group 3: Future Outlook - The company is actively evaluating strategic opportunities that align with its growth plan, emphasizing businesses with recurring revenue, high margins, and established customer bases [3]. - The management believes that this approach could be transformative for the company over time [3].

Core Insights - AT&T and Charter Communications are significant players in the U.S. connectivity market, with Charter being the second-largest cable operator and AT&T the second-largest wireless service provider in North America [1][2] Group 1: Company Performance - Charter added 493,000 mobile lines in Q3 2025, bringing its total mobile customer base to 11.4 million, a 22% increase year over year [4] - AT&T's Consumer wireline revenues improved by 4.1% year over year to $3.56 billion in Q3 2025, driven by strong momentum in the fiber broadband business [7] - AT&T recorded net fiber additions of 288,000 during the same quarter, while also adding 270,000 subscribers [8] Group 2: Strategic Initiatives - Charter is transforming its business model from legacy cable to integrated broadband and mobile connectivity, focusing on high-speed Internet and 5G solutions [4] - AT&T is expanding its portfolio to cater to high-growth markets, including IoT solutions aimed at enhancing enterprise visibility [11] - Both companies are increasing infrastructure spending to meet rising data demand, with Charter committing $7 billion to expand its fiber-optic network by over 100,000 miles [5][20] Group 3: Competitive Landscape - Charter faces stiff competition from major players like AT&T and Verizon, which is rapidly expanding its fiber footprint [6] - AT&T is upgrading its network infrastructure, deploying mid-band spectrum to enhance speed and capacity across 48 states [10] - The telecom market is highly saturated, with both companies navigating customer churn and competition [10][20] Group 4: Financial Estimates - The Zacks Consensus Estimate for Charter's 2025 sales indicates a year-over-year decline of 0.29%, while EPS is expected to grow by 5.03% [13] - For AT&T, the 2025 sales estimate indicates growth of 2.14%, but EPS is projected to decline by 8.85% [14] Group 5: Valuation and Performance - Over the past year, AT&T's stock has gained 7.7%, while Charter's has returned 41.9% [16] - Charter's shares trade at a forward P/E ratio of 4.67, which is lower than AT&T's 10.44, making Charter appear more attractive from a valuation standpoint [17]