【文/观察者网 阮佳琪】 特朗普政府对中方技术人员的"围剿"还在继续。据英媒路透社、美媒CNBC等18日报道，当地时间周 五，美国政府的主要承包商微软宣布，停止任用中国工程师向美国军方提供技术支持。 当天，微软发言人弗兰克·肖（Frank Shaw）在社交平台X上发文称，公司已调整对美国政府客户的服务 方式，"以回应本周早些时候出现的担忧……确保没有中国本土的工程团队为五角大楼使用的服务提供 技术支持"。 报道指出，这项决定源于美国调查新闻组织"ProPublica"近日发布的一篇文章。其中透露，在美国"数字 护卫"的监督下，微软曾安排中国工程师参与美军云计算系统的相关工作。 文章声称，这些"数字护卫"是通过分包商雇佣的，持有安全许可，但普遍缺乏技术能力，难以评估中国 工程师的工作是否存在网络安全隐患。 根据文中介绍，所谓"数字护卫"是指，由于美国国防部要求处理敏感数据的人员必须是美国公民或永久 居民，微软的外籍员工不得直接访问敏感的云系统，因此依赖于全球劳动力的微软建立了"数字护卫"计 划，雇佣在美国拥有安全许可的员工，负责听取执行海外工程师的指令，并将工程师的命令复制粘贴至 系统中。 福克斯新闻援引消息人 ...

又是一年暑期至，行囊一背，相机一带，一场说走就走的旅行正式开启。为护航游客畅快出行，山东移动积极开展信号升级服务，全力打造智慧出游数字服 务，让游客与景区景点"牵手"，不仅为游客带来更优质的游玩体验，更让数字经济与文旅产业实现"双向奔赴"。 信号升格，确保游客畅享"不断线" 数智赋能，解锁暑期旅游"新方式" 面对出游高峰，山东移动积极开展"信号升格"专项行动，聚焦网络质量提升，统筹各方建设资源，创新采用多频组网与宏微协同的组网方案，以保障游客网 络体验。针对全市67处3A级以上景区以及3处交通枢纽开展全方位摸排测试，实时监测327处基站负荷情况进行动态调整，通过对不同频段资源的合理调 配，搭建起全方位的网络覆盖体系，确保移动网络在景区、交通枢纽的无缝覆盖，有效提升景区、交通枢纽等区域的网络承载能力，为游客提供一个便捷、 畅通的网络游览环境。 旅游旺季，景区开启"人从众"模式，泰安作为著名旅游胜地，各大景区吸引了大量游客。为保障游客沉浸式旅游体验，山东移动全力以赴为游客提供满格信 号和满意服务，助力营造泰安景区良好的旅游环境。在泰山，通过宏微联合组网，对登山步道、中天门、南天门等游客集中区域进行重点优化，实现景 ...

Core Viewpoint - Amazon's stock price has been underperforming despite the S&P 500 reaching new highs, with a nearly 40% increase since April, indicating a divergence in market expectations and performance [1][3]. Group 1: E-commerce and Profitability - Amazon's e-commerce revenue growth has slowed, with a year-over-year increase of less than 10% in the past 12 months, yet operating profit surged over 35% during the same period, highlighting significant operational leverage [1]. - The low profit margins in both the U.S. (4.8%) and international markets (2.7%) suggest that Amazon has made remarkable progress in profitability, contributing approximately 55% to its overall valuation [1]. - Amazon's dominant position in the U.S. e-commerce market, significantly ahead of Walmart, provides substantial operational leverage for expansion, allowing for aggressive investments in logistics and fulfillment networks [4]. Group 2: AWS and AI Development - Amazon Web Services (AWS) has become crucial since the rise of artificial intelligence (Gen AI), benefiting from significant investments in AI chip development, such as Tranium and Inferentia, which have been successfully integrated into its infrastructure [2]. - Despite initial struggles in establishing an AI narrative, Amazon has developed top-tier models accessible to developers and enterprise clients, positioning itself favorably against competitors like Microsoft and Google [2]. Group 3: Future Growth and Market Sentiment - The market appears to undervalue Amazon's leadership in e-commerce and cloud computing, which are expected to continue driving operational leverage and support its valuation [3]. - Projections indicate that EBITDA margins could rise from 11% in FY2024 to nearly 14% by FY2027, suggesting significant potential for profit growth [6]. - Despite a decline in revenue growth rates compared to pre-2022 levels, Amazon is expected to continue investing heavily in AI to reduce costs and enhance shareholder value [6]. Group 4: Stock Performance and Investor Sentiment - Amazon's stock price trend remains upward compared to its Nasdaq peers, with current valuations near the 50-week moving average, indicating strong buying support for investors looking to increase their positions [8]. - Although the stock's relative premium prevents analysts from upgrading ratings to "strong buy," maintaining a bullish outlook and strategically adding to positions is considered a viable strategy [8].

While many high-flying tech stocks don't pay dividends at all, investors can still find attractive dividends within the tech sector. International Business Machines (IBM -1.31%) and AT&T (T -1.97%) are two great examples. On top of solid dividends, both IBM and AT&T have been delivering impressive gains to investors over the past few years. While the past doesn't predict the future, these two dividend stocks look attractive for long-term investors. IBMShares of IBM have more than doubled over the past three ...

Company Overview - Weixin Holdings Limited, formerly known as Honglin Technology Group Limited, is listed on the Hong Kong Stock Exchange under the stock code 01087.HK. The company primarily engages in network system integration, professional network services, and mobile software platforms [3]. Financial Performance - As of December 31, 2024, Weixin Holdings reported total revenue of 466 million yuan, a year-on-year decrease of 16.93%. The net profit attributable to shareholders was -63.54 million yuan, reflecting a 54.14% decline compared to the previous year. The gross profit margin stood at 12.32%, and the debt-to-asset ratio was 68.86% [2]. Stock Performance - Over the past month, Weixin Holdings has seen a cumulative increase of 8.7%, and since the beginning of the year, the stock has risen by 22.95%, outperforming the Hang Seng Index, which has increased by 20% [2]. Industry Valuation - The average price-to-earnings (P/E) ratio for the software services industry (TTM) is -11.69, with a median of -2.41. Weixin Holdings has a P/E ratio of -1.09, ranking 138th in the industry [3]. Business Operations - The company's main subsidiary, Weifang Systems, is a leading provider of next-generation network communication integration solutions and professional services, with over 20 years of experience in network integration. Weifang has established a presence in major cities across China, covering the entire Greater China region [4]. Client Base and Partnerships - Weifang Systems has formed solid business alliances with top industry players such as CISCO, NetApp, and NOKIA. The company serves a large client base, including nearly 300 Fortune 500 companies, and has a diverse clientele that includes large multinational and local enterprises, government departments, and educational institutions [5]. Strategic Focus - Weifang Systems aims to transition from a traditional system integrator to a provider of solutions and professional services, focusing on next-generation network (NGN) construction and development of new value-added services. The company leverages its extensive experience and strong technical capabilities to meet the needs of telecom operators and enterprise clients [6].

进一步加大力度向民间资本推介优质项目 按照既定工作安排，国家发展改革委、财政部将在7月、10月分别下达第三季度和第四季度支持以旧换新的中央资金，各地也将持续做好配套 资金支持。相关部门将指导地方进一步优化完善补贴发放方式，确保政策实施更加平稳有序、资金均衡使用到年底。 央视网消息：记者6月20日从国家发展改革委了解到，目前，消费品以旧换新补贴资金使用进度符合预期，1380亿元中央资金将在第三、四季 度陆续下达。 国家发展改革委有关负责人介绍，目前，全国消费品以旧换新补贴资金使用大致占到全年规模50%左右，整体进度符合预期。 "国补"资金包括三个部分：一是中央下达的超长期特别国债资金，规模比2024年翻了一番；二是按照有关规定，地方在中央下达资金基础上按 比例配套，按照总体9:1的原则实行央地共担；三是一些地方还将结合当地工作进度和实施情况，在中央下达以及按比例配套资金以外，再额 外安排地方资金。 记者6月20日从商务部了解到，1—5月，我国电子商务提品质扩内需，有力释放消费潜力，实现稳步增长。 其中，消费电商提品质扩内需。培育品质电商、助力外贸拓内销等行动深入推进，"政策+假期+活动"释放消费潜力。1—5月， ...

Market Overview - The Shanghai and Shenzhen stock markets opened mixed on June 20, with the Shanghai Composite Index and Shenzhen Component Index slightly lower, while the ChiNext Index opened slightly higher [1] - The market saw initial gains followed by a pullback, with the Shanghai Composite Index experiencing narrow consolidation during the day [1] - By midday, the Shanghai Composite Index was at 3364.83 points, up 0.08%, with a trading volume of approximately 248.3 billion yuan; the Shenzhen Component Index was at 10032.64 points, down 0.19%, with a trading volume of approximately 422.7 billion yuan; the ChiNext Index was at 2015.47 points, down 0.56%, with a trading volume of approximately 213.9 billion yuan [1] Sector Performance - The railway equipment, photovoltaic, and gaming sectors showed strong performance at the market open, while digital currency, oil and gas, and precious metals sectors faced declines [1] - The BC battery, photolithography machine, and solid-state battery sectors initially strengthened but retreated after reaching highs; meanwhile, the liquor, port shipping, and logistics sectors continued to perform well throughout the day [1] - Financial stocks, including banks and insurance, experienced slight gains, with institutions like Pudong Development Bank and Hangzhou Bank reaching historical highs [1] AI and Technology Investment Insights - CITIC Securities highlighted a resurgence in AI network construction driven by the demand for AI reasoning and training, as well as the maturity of ASIC chips, suggesting a positive outlook for the optical module and copper cable sectors [2] - Huatai Securities noted significant growth in Shanghai Superconductor, a leader in high-temperature superconducting materials, indicating an acceleration in the industry driven by controllable nuclear fusion demand [2] - China International Capital Corporation (CICC) emphasized that the current AI market is still in its early stages, recommending attention to opportunities in AI hardware and applications, particularly in areas like embodied intelligence and autonomous driving [2] E-commerce and International Cooperation - The Ministry of Commerce reported that the number of Silk Road e-commerce partner countries has increased to 35, reflecting China's expanding international e-commerce cooperation [3] - In the first five months of 2025, China's e-commerce sector demonstrated strong growth, with significant increases in sales across various digital products and services [3] Energy Consumption Data - The National Energy Administration reported that China's total electricity consumption in May reached 809.6 billion kilowatt-hours, marking a year-on-year increase of 4.4% [4] - Breakdown of electricity consumption by sector showed the first industry at 11.9 billion kilowatt-hours (up 8.4%), the second industry at 541.4 billion kilowatt-hours (up 2.1%), and the third industry at 155 billion kilowatt-hours (up 9.4%) [4]

记者从商务部了解到，1—5月，我国电子商务提品质扩内需，有力释放消费潜力，实现稳步增长，其 中，消费电商提品质扩内需。培育品质电商、助力外贸拓内销等行动深入推进，"政策+假期+活动"释 放消费潜力。1—5月网上零售额增长8.5%。品质商品、网络服务消费、新模式新业态成为新动能，线 上线下（300959）融合态势深化，重点监测平台数字产品、15类以旧换新家电和数码、网络服务消费、 即时零售销售额分别增长10.4%、14%、13.3%和12%，4月以来平台外贸专区销售额超20亿。产业电商 助对接促转型。20余地举办超200场活动提升中小企业数字化转型水平和内外贸协同能力。主要产业电 商平台AI应用从质量管控等运营环节、供需匹配等服务环节，拓展至商业模式等产业发展全流程，研 发周期缩短40%、运营成本降低15%。此外，丝路电商伙伴国增至35个。"电商惠全球"主题活动集约高 效推进，全年40项重点活动协同发力、精准赋能。(央视新闻) ...

6月18日，宋城演艺（300144.SZ，股价8.78元，市值230.27亿元）发布公告称，公司于近日收到中国证 券监督管理委员会浙江监管局（以下简称"浙江证监局"）出具的《关于对宋城演艺发展股份有限公司及 相关人员采取出具警示函措施的决定》（以下简称"警示函"）。 浙江证监局认为，该行为违反了《上市公司信息披露管理办法》的相关规定，决定对公司及公司董事长 张娴、总裁商玲霞、财务总监陈胜敏、董事会秘书赵雪璎分别采取出具警示函的监管措施，并记入证券 期货市场诚信档案。 《每日经济新闻》记者获悉，2023年，宋城演艺的联营企业Huafang Group Inc.（花房集团）有一家参 股25%的公司被警方调查，导致花房集团无法向宋城演艺提供经核数师审核的年度业绩。宋城演艺的年 审会计师因此对公司2022年度财务报表发表了保留意见。2024年3月，花房集团在其2022年度原有的合 并报表基础上追加确认了1.55亿元预计损失和约1991万元投资公允价值损失，使得宋城演艺需要同步大 幅更正2022年财报。 记者了解到，花房集团为宋城演艺参股35.35%的联营企业，主要从事音视频直播娱乐及社交网络服 务。宋城演艺是花房集团 ...

尽管英国5月份的通胀水平与4月份基本齐平，但从细项来看仍有值得关注的地方。5月份，英国的食品 价格明显上涨，从4月份的3.4%上涨至5月份的4.4%。与此同时，一些英国家居生活的基本生活品，如 巧克力等，也出现了明显上涨，这推动了英国居民的生活负担。"从4月份开始，英国居民需要支付更高 的能源、水、网络等服务价格，同时，新增的商业成本也持续渗透到经济中。这使得英国5月份的总体 通胀率维持在3.4%，令消费者担忧的是，随着食品通胀的持续上升，英国居民每周购物价格再次上 涨，达到自去年2月以来的最高水平。"英国零售商协会（British Retail Consortium)的研究总监Kris Hamer说。 对于英国现阶段的通胀水平和未来几个月的发展趋势，市场机构目前普遍的看法是，英国通胀还将持续 维持在高位一段时间。"今天的通胀数据几乎没有什么意外，因为随着能源价格上限的上调，以及其他 一些公共服务价格的上涨，加上就业成本的抬高，在这些价格因素上涨的传导下，英国通胀率持续处于 央行目标区间之外。由于这些因素影响，预计未来几个月英国通胀率仍将维持高位。"智库英国董事学 会 (Institute of Direct ...