China has quietly taken a bold step in its bid to expand the global footprint of its digital currency. On Thursday, the People’s Bank of China (PBOC) inaugurated an international operations centre for its central bank digital currency, the digital yuan (e-CNY) in Shanghai, according to a report from the South China Morning Post. PBOC Deputy Governor, Lu Lei, framed the move as part of a “historical inevitability” in payments innovation, with the aim of offering a more efficient, inclusive, and open globa ...

另一方面，东京市政府本月起扩大免费保育服务覆盖儿童范围的政策，对通胀指数形成了0.3个百分点 的拖累;同时，水费下调也进一步抑制了通胀涨幅。 Shinke指出："免费保育服务范围扩大，是此次CPI远低于市场共识的核心原因。去年公用事业补贴带来 的基数效应支撑，与保育费下降的拖累相互抵消。除此之外，数据未出现其他意外。" 受临时补贴政策影响，东京消费者通胀率意外维持稳定。这一数据既支撑了日本央行(BOJ)在加息问题 上的谨慎态度，也未使其偏离加息的整体上行路径。日本总务省周五发布的数据显示，9月东京核心消 费者物价指数(剔除生鲜食品)同比上涨2.5%，低于彭博调查中经济学家给出预期中值2.8%。 这一核心通胀指标的意外持平，再次提醒市场：政府为缓解生活成本上涨而推出的补贴政策会对数据产 生显著扰动，导致通胀走势波动。也正因此，单一数据大概率不会改变日本央行的加息轨迹。 第一生命经济研究所高级主任经济学家Yoshiki Shinke表示："今日数据除特殊一次性因素外，未出现明 显变化，因此我认为这不会阻碍日本央行考量加息。该数据既不会推动央行加速行动，也不会让其犹豫 ——毕竟影响因素非常明确。" 能源价格对通胀指 ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Former Treasury Secretary Lawrence Summers has criticized the idea of eliminating quarterly earnings reports, a policy proposal floated by President Donald Trump in a Truth Social post last week. US Markets Built On ‘Accountability And Transparency’ On Wednesday, in a post on X, Summers called the plan to scrap quarterly earnings releases “a bad idea whose time should never come.” He said that America's ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Matt Miller, taking you through to that closing bell with a global simulcast. We're joined now by Carol Massar and Tim Stenovec in the radio booth. Welcome to our audiences across all of our bloomberg platforms. Carol Massar on another down day for the markets. Fractional losses, to be sure, but when you kind of stack it up over the last few days. A lot more caution coming back into this market. Yeah, I was just r ...

Key Points XRP is sliding alongside a broader crypto sell-off. The Federal Reserve's 0.25% rate cut last week was smaller than many investors had hoped. 10 stocks we like better than XRP › XRP (CRYPTO: XRP) fell on Thursday, down 6.8% as of 4:59 p.m. ET, as measured from 4 p.m. on Wednesday. The move comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) both lost 0.5% on the day. The banking-focused crypto is falling along with much of the market as investors await Friday' ...

CarMax shares plummeted Wednesday after downbeat earnings news. Global banking giant HSBC (HSBC) said that it had conducted a successful bond trading trial using quantum computers from International Business Machines (IBM) to optimize market predictions. According to the financial firm, incorporating IBM's quantum computing resources resulted in a 34% improvement in predicting the likelihood that a trade would be executed at a particular price compared with using only classical computing techniques. IBM sha ...

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.Sensor 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 with isolated risks through dynamic asset allocation. Features include: two model portfolios - one for short-term survival/withdrawal and one for aggressive long-term growth, dire ...

**Brookfield Business Partners (BBU) 2025年投资者日会议纪要关键要点** **一、 公司概况与战略定位** * Brookfield Business Partners (BBU) 是让公开市场投资者参与Brookfield全球私募股权策略的主要工具 是Brookfield旗下表现最佳的私募股权策略的大型且有价值的二级投资载体[3] * 公司核心战略是通过运营改进和价值创造举措（主要是利润率扩张）来不断提升资产净值(NAV) 而非金融工程[4] * 公司拥有25年的卓越投资记录 实现了26%的总内部收益率(IRR)和20%的净内部收益率[3] * 公司定位为业务构建者(business builders) 在当下资本不再免费、交易艰难的市场环境中 此运营能力尤为重要[4] **二、 财务表现与资本配置** * 公司实现了创纪录的息税折旧摊销前利润(EBITDA) 达27亿美元 过去五年复合年增长率(CAGR)为16%[64] * EBITDA利润率在过去五年间从12%翻倍至24%[65] * 调整后每单位营运资金(EFO)从3.65美元增至6.90美元[65] * 公司在12个月内完成了21亿美元的资产变现(realizations) 超出了原定24个月实现20亿美元的目标[66] * 资本配置优先级明确：1 4亿美元用于偿还公司层面债务以去杠杆[6]；2 5亿美元再投资于增长型业务[6]；3 2 5亿美元用于股票回购计划 以非常增值的水平回购股票[6][7] * 公司拥有创纪录的29亿美元流动性[68] * 运营公司层面的债务为128亿美元（按BBU持股比例计算） 加权平均期限约6年 无重大近期到期债务 且与公司层面隔离（无追索权、无交叉抵押）[68] * 75%的运营公司债务在公开市场交易并由评级机构评级 其中超过90%的评级在B至BB之间 符合私募股权融资惯例[69] **三、 企业结构简化与价值重估催化剂** * 公司宣布将BBU LP单位和BBUC可交换股份合并为一家公开上市的加拿大公司 以简化企业结构 预计在第一季度完成[8] * 此举预计将使合并后的交易流动性改善超过50% 并可能使被动指数持有者的所有权增加超过两倍[9] * 公司近期以相当于NAV 8 6%的折扣（与市场私募股权二级交易水平一致）向Brookfield新发起的常青基金出售了三项业务的权益 相比其股票交易时近50%的NAV折扣 此举极具增值效应[7] * 若将此次交易所得全部用于按当前股价回购股票 可增加2 50美元的NAV 增值幅度约超过5%[7] * 公司认为其股票相对NAV的折扣已缩小但仍不足 股价两年上涨约90% 但若NAV保持静态 仍有至少90%的上涨空间[5] **四、 人工智能(AI)与运营转型** * 公司视AI和第四次工业革命为真实且加速的趋势 并将其视为改造所投资业务的重要工具[10][11] * 公司认为AI基础设施存在7万亿美元的投资机会 而行业每年需要2-4万亿美元的生产力改进才能回报AI投资[11] * 当前AI应用的瓶颈并非技术 而是管理层实施和运用AI改造业务的能力 公司在这方面处于领先地位[12] * 公司成立了AI价值创造办公室 拥有超过30名专职人员 负责思考真实用例并推动管理团队应用[13] * 公司已在业务中部署了超过200个AI用例 并利用其全球规模（1 1万亿美元管理资产、400家被投公司）分享最佳实践[12][13] * 具体案例：1 在Clarios（汽车电池业务） 通过机器学习算法分析数十亿数据点 节省了比预期多60%的成本 并大幅提升效率 此成功经验将推广至所有Clarios工厂及BBU内适用工厂[14][16]；2 在Sagen（抵押贷款保险业务） 利用25年数据训练机器学习模型 将抵押贷款核保自动化能力提高约1 5倍 提升核保效率 并能更好地预测房价和检测欺诈[17] **五、 金融基础设施投资主题与机遇** * 金融基础设施领域存在4万亿美元的资本需求 以确保证本在全球无缝流动[20] * 该领域许多业务隶属于大型金融集团 作为非核心资产难以获得足够资本和关注 通过分拆和针对性投资可以释放其潜力[20] * 四大关键细分领域正在发生巨大变革：支付（向数字化和碎片化转变）、资本市场（受Gen AI、代币化、分布式账本技术影响）、银行技术（遗留系统现代化需求）、财富管理（产品复杂性和用户数量激增）[21][22] * 投资重点在于资产轻(asset-light)的金融服务和科技公司 即银行等机构日常运营所依赖的软件和服务 其特点是稳定、粘性、经常性收入[23] * Brookfield在该领域已投资并管理超过70亿美元[24] * 具体投资案例：1 Network International与Magnati合并 创造了中东和非洲地区首屈一指的支付提供商 处理该地区超过60%的支付[49]；2 从巴克莱银行(Barclays)分拆收购其业务部门 目标是通过运营专长带来2亿美元的EBITDA增长[52] **六、 投资组合与价值评估** * 公司NAV在过去五年翻倍 从2020年的28美元增至目前的54美元[72] * 投资组合包含20家优质企业 包括Clarios（先进汽车电池）、Sagen（抵押贷款保险）、Scientific Games（彩票服务）、CDK（汽车经销商软件）等市场领导者[73] * 清算价值评估中约30%（16美元/单位）来自Clarios业务[73] * 自上市以来 公司已变现25项投资 累计实现80亿美元收益（按BBU份额计算） 与持有这些资产时的NAV一致 且回报率高于目标[74] **七、 未来展望与重点领域** * 公司目标是通过运营持续增加NAV并收窄股票相对NAV的折扣[76] * 将继续执行其战略：以合理价格收购优质业务 通过运营提升业务价值 最终变现并为投资者创造丰厚回报[72] * 除了传统的工业领域 金融基础设施是目前非常兴奋的重点投资领域 其转型机会巨大[84]

Key Takeaways FIS completed its acquisition of digital banking solutions provider Amount.Amount enhances account opening, lending, cards and deposits with AI tools.The move strengthens FIS' Banking Solutions segment, revenues from which grew 4% in H1 2025.Fidelity National Information Services, Inc. (FIS) recently completed the purchase of a leading Chicago-based integrated digital banking origination and decisioning solutions provider, Amount.  The integration of Amount allows FIS to further expand its inn ...

In Depth Options for modernizing the FOMC’s operating target interest rate Lorie Logan and Sam Schulhofer-Wohl The Federal Open Market Committee primarily adjusts the stance of monetary policy through its target range for the federal funds rate. We discuss whether the fed funds rate remains the right operating target for short-term interest rates.This essay was published in conjunction with a speech delivered by Dallas Fed President Lorie Logan. | Read the speechThe Federal Open Market Committee (FOMC) pr ...