<p><img src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png"/></p>
<h2>早餐新闻：亚马逊重启 Alexa</h2>
<p>###2025 年 2 月 28 日</p>
<table>
<thead>
<tr>
<th>周四市场</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>标准普尔 500</strong><br/>5,862  (-1.59%)</td>
</tr>
<tr>
<td><strong>纳斯达克</strong><br/>18,544 (-2.78%)</td>
</tr>
<tr>
<td><strong>道琼斯</strong><br/>43,240 (-0.45%)</td>
</tr>
<tr>
<td><strong>比特币</strong><br/>$84,051 (-0.56%)</td>
</tr>
</tbody>
</table>
<p><img src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/67c19c4466f8f900637e0053/original.png/query-MTc0MDc0MTY5OQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/67c19c4466f8f900637e0053/original.png/query-MTc0MDc0MTY5OQ"/></p>
<p>来源：JesterAI 制作的图像。</p>
<h2>1. Alexa+ 提供现金牛潜力</h2>
<p><strong>亚马逊</strong>(AMZN -2.62%) 首席执行官安迪·贾西确认 Alexa 将进行重大更新。通过提供 AI 增强功能，这可能使亚马逊弥补与其他 AI 聊天机器人的差距。</p>
<ul>
<li><strong>“我认为这是一个可持续的商业模式”：</strong> 贾西相信这些变化将帮助客户重新激发兴趣，从而提升订阅和在线购物的收入。Alexa+ 的月费为 19.99 美元，年费 Prime 会员将免费获得更新。</li>
<li><strong>Alexa+ 将包括大型语言模型和自主能力：</strong> Alexa 的全面升级将能够帮助用户完成更复杂的任务，例如雇人修理烤箱，但由于原始软件与 AI 增强功能不兼容，升级所需时间比预期更长。</li>
</ul>
<h2>2. 你可能错过的周四新闻</h2>
<p><strong>火箭实验室</strong>(RKLB -6.68%) 在市场收盘后下跌超过 12%，尽管发布了创纪录的收入。投资者对第一季度的失望前景以及持续高运营成本表示担忧。</p>
<ul>
<li><strong>“我们增强的平台独特地定位于服务金融科技和嵌入式金融”：</strong> <em>Rule Breakers</em> 推荐的 <strong>Marqeta</strong>(MQ 21.08%) 以乐观的 2025 年预测上涨 21%。第四季度的总处理量同比增长 29%，显示出强劲的客户活动。</li>
<li><strong>“第四季度极具事件性”：</strong> <strong>Nebius Group</strong>(NBIS -10.92%) 昨天再跌 11%，使得财报后的抛售加剧。该股在首席执行官描述其为极具事件性的季度后，收入疲软和年度经常性收入下降，难以找到支撑。</li>
</ul>
<h2>3. 周五关注事项</h2>
<p>美联储首选的通胀指标，核心个人消费支出（PCE），今天发布。预计 1 月份数据同比增长 2.6%，低于上个月的 2.8%。</p>
<ul>
<li><strong>CME FedWatch 显示 6 月降息的概率为 54.3%：</strong> 由于 1 月份的消费者价格通胀达到自去年 6 月以来的最高水平，核心 PCE 的轻微下降将使其达到自 6 月以来的_最低_水平。降低通胀是美联储的关键任务，因此核心 PCE 的下降可能有助于支持降息。</li>
<li><strong>关于拟议合并的更新：</strong> <strong>FuboTV</strong> (NYSE:FUBO) 计划在市场开盘前发布季度财报。关注订阅者增长和流失率，以及对其与 <strong>Disney</strong> (NYSE:DIS) 的 Hulu + Live TV 业务最近临时交易进展的任何评论。</li>
</ul>
<h2>4. 巴菲特的市场预测时间考验路线图</h2>
<p>在 1999 年互联网繁荣的高峰期，标准普尔 500 指数接近连续第四年 20% 以上回报的尾声，其运营收益市盈率约为 27 倍到 28 倍。如今，受 AI 推动的市场在过去四年中有三年享受了 20% 以上的回报，而标准普尔 500 的滞后运营收益市盈率为 25 倍到 26 倍。作为未来的路线图，Fool 分析师比尔·巴克认为，沃伦·巴菲特 1999 年的路线图值得重新审视，并在当今背景下进行分析。</p>
<ul>
<li><strong>“他对未来回报的预测几乎是你所能希望的最准确”：</strong> 巴菲特选择了一个 17 年的时间段，并假设在考虑 2% 通胀后，实际回报可能为 4%。他预言如果回报不是 5%（在顾问费用后为 4%），那么低于或高于的可能性是一样的。到 2016 年，接下来的 17 年年化实际回报为 2.6%。</li>
<li><strong>“巴菲特的公式似乎对耐心投资者预测数十年回报更有用，而不是你所看到的大多数东西”：</strong> 巴菲特将之前市场回报膨胀（1981-1998 年每年 19%）归因于两个因素：利率变动和利润率改善。现在，利率基本回到了 1999 年的水平，而整体估值则_略微_降低...</li>
</ul>
<h2>5. 愚蠢的乐趣</h2>
<p>你个人如何应对市场噪音？与朋友和家人讨论以相互学习！</p>

亚马逊

<p>亚马逊首席执行官安迪·贾西宣布了 Alexa 的重大更新，推出了带有人工智能增强功能的 Alexa+，旨在通过订阅和在线购物提升收入。该服务的月费为 19.99 美元，年费会员可免费使用。同时，尽管 Rocket Lab 创下了创纪录的收入，但由于前景令人失望，其股票下跌；而 Marqeta 的股票因乐观的预测而大幅上涨。核心个人消费支出（PCE）通胀数据即将发布，预计将有所下降，这可能会影响利率的调整。此外，沃伦·巴菲特的市场预测在当前趋势下再次被提及</p>

<p><img src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png" alt="" original-src="https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png"/></p>
<h2>Breakfast News: Amazon Reboots Alexa</h2>
<div class="lb-trans"><h2>早餐新闻：亚马逊重启 Alexa</h2>
</div><h3>February 28, 2025</h3>
<div class="lb-trans"><p>###2025 年 2 月 28 日</p>
</div><table>
<thead>
<tr>
<th>Thursday's Markets</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>S&amp;P 500</strong><br/>5,862  (-1.59%)</td>
</tr>
<tr>
<td><strong>Nasdaq</strong><br/>18,544 (-2.78%)</td>
</tr>
<tr>
<td><strong>Dow</strong><br/>43,240 (-0.45%)</td>
</tr>
<tr>
<td><strong>Bitcoin</strong><br/>$84,051 (-0.56%)</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>周四市场</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>标准普尔 500</strong><br/>5,862  (-1.59%)</td>
</tr>
<tr>
<td><strong>纳斯达克</strong><br/>18,544 (-2.78%)</td>
</tr>
<tr>
<td><strong>道琼斯</strong><br/>43,240 (-0.45%)</td>
</tr>
<tr>
<td><strong>比特币</strong><br/>$84,051 (-0.56%)</td>
</tr>
</tbody>
</table>
</div><p><img src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/67c19c4466f8f900637e0053/original.png/query-MTc0MDc0MTY5OQ" alt="" original-src="https://braze-images.com/appboy/communication/assets/image_assets/images/67c19c4466f8f900637e0053/original.png?1740741699"/></p>
<p>Source: Image created by JesterAI.</p>
<div class="lb-trans"><p>来源：JesterAI 制作的图像。</p>
</div><h2>1. Alexa+ Provides Cash Cow Potential</h2>
<div class="lb-trans"><h2>1. Alexa+ 提供现金牛潜力</h2>
</div><p><strong>Amazon</strong>(AMZN -2.62%) CEO Andy Jassy confirmed Alexa would be getting a major update. In providing AI enhancements, it could enable Amazon to make up lost ground to other AI chatbots.</p>
<div class="lb-trans"><p><strong>亚马逊</strong>(AMZN -2.62%) 首席执行官安迪·贾西确认 Alexa 将进行重大更新。通过提供 AI 增强功能，这可能使亚马逊弥补与其他 AI 聊天机器人的差距。</p>
</div><ul>
<li><strong>&#34;I think there's a sustainable business model&#34;:</strong> Jassy believes the changes will help get clients excited again, helping to boost revenue from subscriptions and online shopping. Alexa+ will cost $19.99 a month, though annual Prime members will get the update for free.</li>
<li><strong>Alexa+ to include LLMs and agentic capabilities:</strong> The overhaul of Alexa, which will be able to help users complete more complicated tasks such as hiring someone to fix an oven, has taken longer than expected as the original software wasn't compatible with AI enhancements.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>“我认为这是一个可持续的商业模式”：</strong> 贾西相信这些变化将帮助客户重新激发兴趣，从而提升订阅和在线购物的收入。Alexa+ 的月费为 19.99 美元，年费 Prime 会员将免费获得更新。</li>
<li><strong>Alexa+ 将包括大型语言模型和自主能力：</strong> Alexa 的全面升级将能够帮助用户完成更复杂的任务，例如雇人修理烤箱，但由于原始软件与 AI 增强功能不兼容，升级所需时间比预期更长。</li>
</ul>
</div><h2>2. What You Might've Missed on Thursday</h2>
<div class="lb-trans"><h2>2. 你可能错过的周四新闻</h2>
</div><p><strong>Rocket Lab</strong>(RKLB -6.68%) dropped over 12% after the market closed despite posting record revenue. Investors were worried about the disappointing outlook for Q1, alongside concerns about continued high operating costs.</p>
<div class="lb-trans"><p><strong>火箭实验室</strong>(RKLB -6.68%) 在市场收盘后下跌超过 12%，尽管发布了创纪录的收入。投资者对第一季度的失望前景以及持续高运营成本表示担忧。</p>
</div><ul>
<li><strong>&#34;Our strengthened platform uniquely positions us to serve fintechs and embedded finance&#34;:</strong> <em>Rule Breakers</em> recommendation <strong>Marqeta</strong>(MQ 21.08%) rocketed 21% higher with an upbeat forecast for 2025. Total processing volume in Q4 jumped by 29% year over year, highlighting strong client activity.</li>
<li><strong>&#34;The fourth quarter was extremely eventful&#34;:</strong> A further 11% drop in <strong>Nebius Group</strong>(NBIS -10.92%) yesterday saw the post-earnings sell-off intensify. The stock has struggled to find support after the CEO described it as an eventful quarter, posting weak revenue and a decline in annual recurring revenue.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>“我们增强的平台独特地定位于服务金融科技和嵌入式金融”：</strong> <em>Rule Breakers</em> 推荐的 <strong>Marqeta</strong>(MQ 21.08%) 以乐观的 2025 年预测上涨 21%。第四季度的总处理量同比增长 29%，显示出强劲的客户活动。</li>
<li><strong>“第四季度极具事件性”：</strong> <strong>Nebius Group</strong>(NBIS -10.92%) 昨天再跌 11%，使得财报后的抛售加剧。该股在首席执行官描述其为极具事件性的季度后，收入疲软和年度经常性收入下降，难以找到支撑。</li>
</ul>
</div><h2>3. What to Watch on Friday</h2>
<div class="lb-trans"><h2>3. 周五关注事项</h2>
</div><p>The preferred inflation gauge for the Federal Reserve, Core Personal Consumption Expenditures (PCE), gets released today. January data is forecasted for a year-over-year increase of 2.6%, a fall from the 2.8% figure last month.</p>
<div class="lb-trans"><p>美联储首选的通胀指标，核心个人消费支出（PCE），今天发布。预计 1 月份数据同比增长 2.6%，低于上个月的 2.8%。</p>
</div><ul>
<li><strong>54.3% probability of a June rate cut from CME FedWatch:</strong> With headline Consumer Price Inflation for January at the highest level since last June, a tick lower in Core PCE would put it at the <em>lowest</em> level since June. Lower inflation is a key mandate for the Fed, so a fall in Core PCE could help to support interest rate cuts.</li>
<li><strong>Updates on proposed merger:</strong> <strong>FuboTV</strong> (NYSE:FUBO) is slated to release quarterly earnings before the market opens. Watch for the growth in subscribers and churn rate, plus any comments on the progress of its recent provisional deal with <strong>Disney</strong>'s (NYSE:DIS) Hulu + Live TV business.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>CME FedWatch 显示 6 月降息的概率为 54.3%：</strong> 由于 1 月份的消费者价格通胀达到自去年 6 月以来的最高水平，核心 PCE 的轻微下降将使其达到自 6 月以来的_最低_水平。降低通胀是美联储的关键任务，因此核心 PCE 的下降可能有助于支持降息。</li>
<li><strong>关于拟议合并的更新：</strong> <strong>FuboTV</strong> (NYSE:FUBO) 计划在市场开盘前发布季度财报。关注订阅者增长和流失率，以及对其与 <strong>Disney</strong> (NYSE:DIS) 的 Hulu + Live TV 业务最近临时交易进展的任何评论。</li>
</ul>
</div><h2>4. Buffett's Time-Tested Road Map for Predicting the Market</h2>
<div class="lb-trans"><h2>4. 巴菲特的市场预测时间考验路线图</h2>
</div><p>At the height of the internet boom in 1999, the S&amp;P 500 was nearing the end of its fourth consecutive year of 20%+ returns, and its operating earnings P/E was about 27x to 28x. Today's AI-fueled market has enjoyed returns of 20%+ in three out of the last four years, while trailing operating earnings for the S&amp;P 500 are at 25x to 26x. As a road map for the future, Fool analyst Bill Barker believes Warren Buffett's 1999 road map is worth revisiting and examining in the context of today.</p>
<div class="lb-trans"><p>在 1999 年互联网繁荣的高峰期，标准普尔 500 指数接近连续第四年 20% 以上回报的尾声，其运营收益市盈率约为 27 倍到 28 倍。如今，受 AI 推动的市场在过去四年中有三年享受了 20% 以上的回报，而标准普尔 500 的滞后运营收益市盈率为 25 倍到 26 倍。作为未来的路线图，Fool 分析师比尔·巴克认为，沃伦·巴菲特 1999 年的路线图值得重新审视，并在当今背景下进行分析。</p>
</div><ul>
<li><strong>&#34;His forecast of likely future returns was about as accurate as you could possibly hope for&#34;:</strong> Buffett chose a 17-year period ahead and posited likely returns of being 4% in real terms after factoring in 2% inflation. He hedged that if the returns weren't 5% real (4% after advisor costs), they were as likely to be lower as higher. Through 2016, the next 17 years saw 2.6% annualized real returns.</li>
<li><strong>&#34;Buffett's equation appears far more useful for predicting multiple-decade returns to patient investors than most things you'll see&#34;:</strong> Buffett largely attributed the prior period of inflated market returns (19% per year, 1981-1998) to two factors: interest rate movement and profit margin improvement. Now, interest rates have now returned to essentially the levels of 1999, while valuations as a whole are <em>very slightly</em> less elevated...</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>“他对未来回报的预测几乎是你所能希望的最准确”：</strong> 巴菲特选择了一个 17 年的时间段，并假设在考虑 2% 通胀后，实际回报可能为 4%。他预言如果回报不是 5%（在顾问费用后为 4%），那么低于或高于的可能性是一样的。到 2016 年，接下来的 17 年年化实际回报为 2.6%。</li>
<li><strong>“巴菲特的公式似乎对耐心投资者预测数十年回报更有用，而不是你所看到的大多数东西”：</strong> 巴菲特将之前市场回报膨胀（1981-1998 年每年 19%）归因于两个因素：利率变动和利润率改善。现在，利率基本回到了 1999 年的水平，而整体估值则_略微_降低...</li>
</ul>
</div><h2>5. Foolish Fun</h2>
<div class="lb-trans"><h2>5. 愚蠢的乐趣</h2>
</div><p>What's your personal strategy for tuning out market noise? Discuss with friends and family to learn from each other!</p>
<div class="lb-trans"><p>你个人如何应对市场噪音？与朋友和家人讨论以相互学习！</p>
</div>

Breakfast News: Amazon Reboots Alexa

- 亚马逊 CEO 安迪·贾西确认 Alexa 将进行重大更新，推出 Alexa+ 订阅服务。  
- Rocket Lab 尽管创收创新高，但因 Q1 前景不佳股价下跌超 12%。  
- 今日将发布核心个人消费支出数据，预计同比增长 2.6%。  

早餐新闻：亚马逊重新启动 Alexa