On Aug. 11 at the Conference on Disarmament in Geneva, the U.S. and other countries issued a joint 'ballistic missile launch notification' statement criticizing China’s July submarine-launched intercontinental ballistic missile test. China’s disarmament ambassador Li Chijiang strongly rejected the criticism, saying Beijing had given advance notice of the test, accusing the U.S. of enlisting non-members, abusing the forum for political manipulation and applying double standards, and calling the m

2026-08-11

On Aug. 11 at the Conference on Disarmament in Geneva, the U.S. and other countries issued a joint 'ballistic missile launch notification' statement criticizing China’s July submarine-launched intercontinental ballistic missile test. China’s disarmament ambassador Li Chijiang strongly rejected the criticism, saying Beijing had given advance notice of the test, accusing the U.S. of enlisting non-members, abusing the forum for political manipulation and applying double standards, and calling the move 'microphone diplomacy' that China will not accept.

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2026-08-11

钯主力合约涨超3%,现报334.95元/克。

2026-08-11

AI巨头利润创新高,为何自由现金流反而下滑?摩根大通指出,AI巨头的盈利与自由现金流正在出现明显背离。以Google、Amazon、Microsoft和Meta为代表的大规模云服务商,过去12个月净利润已升至约5990亿美元,但扣除资本开支后的自由现金流仅约1690亿美元,两者差距扩大至4300亿美元;而2023年底,净利润与自由现金流都还在约2400亿美元附近。 但原因并非AI需求转弱,而是资本开支增长得更快。 摩根大通预计,2026年AI相关资本开支将达到约9000亿美元,2027年进一步超过1.2万亿美元。大量新增现金被重新投入数据中心、服务器、GPU和网络基础设施,导致 利润增长暂时无法同步转化为可自由支配现金。 不过值得注意的是,AWS、Azure和GoogleCloud收入及订单仍在快速增长,说明AI变现能力正在改善。 摩根大通预计,除微软外,其覆盖的大多数大规模云服务商在2026—2027年自由现金流仍将承压。