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handsomeMa

handsomeMa

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2021-07-13

here for the 10 coin

U.S. SEC focuses on bank fee conflicts as it steps-up SPAC inquiry<blockquote>美国SEC加强SPAC调查重点关注银行费用冲突</blockquote>

2021-07-02

can scoop more before q4 then

抱歉，原内容已删除

2021-06-16

[贱笑]

抱歉，原内容已删除

2021-03-27

[流泪] [流泪] [流泪]

抱歉，原内容已删除

2021-03-27

lol

Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>

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for the 10 coin","listText":"here for the 10 coin","text":"here for the 10 coin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/142788320","repostId":"1146447033","repostType":4,"repost":{"id":"1146447033","kind":"news","pubTimestamp":1626175407,"share":"https://www.laohu8.com/m/news/1146447033?lang=zh_CN&edition=full","pubTime":"2021-07-13 19:23","market":"us","language":"en","title":"U.S. SEC focuses on bank fee conflicts as it steps-up SPAC inquiry<blockquote>美国SEC加强SPAC调查重点关注银行费用冲突</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146447033","media":"Reuters","summary":"WASHINGTON (Reuters) - The U.S. securities regulator has ramped-up its inquiry on Wall Street’s blan","content":"<p>WASHINGTON (Reuters) - The U.S. securities regulator has ramped-up its inquiry on Wall Street’s blank check acquisition frenzy, homing in on potential conflicts of interest created when banks act as underwriters and advisers on the same deal, three people with direct knowledge of the matter told Reuters.</p><p><blockquote>华盛顿（路透社）-三名直接了解此事的人士表示，美国证券监管机构加大了对华尔街空白支票收购狂潮的调查力度，重点关注银行在同一交易中担任承销商和顾问时产生的潜在利益冲突。此事告诉路透社。</blockquote></p><p> The Securities and Exchange Commission is exploring whether certain fee structures may incentivise underwriters on special purpose acquisition company, or SPAC, listings to secure unsuitable deals when also advising on the later stage merger, potentially putting investors at risk, the people said.</p><p><blockquote>知情人士称，美国证券交易委员会正在探索某些费用结构是否会激励特殊目的收购公司（SPAC）上市的承销商在为后期合并提供建议时获得不合适的交易，这可能会使投资者面临风险。</blockquote></p><p> Banks that have received SEC requests for information include top SPAC underwriters Citigroup, Credit Suisse Group, Morgan Stanley and Goldman Sachs, they said.</p><p><blockquote>他们表示，收到SEC信息请求的银行包括顶级SPAC承销商花旗集团、瑞士信贷集团、摩根士丹利和高盛。</blockquote></p><p> Spokespeople for the banks declined to comment.</p><p><blockquote>银行发言人拒绝置评。</blockquote></p><p> SPACs are listed shell companies used to take private companies public, sidestepping the more traditional and lengthy initial public offering (IPO) process.</p><p><blockquote>SPAC是上市空壳公司，用于让私营公司上市，避开更传统、更漫长的首次公开募股（IPO）流程。</blockquote></p><p> Reuters reported in March that the SEC’s enforcement division had opened an inquiry on Wall Street banks’ SPAC dealings, sending letters to several institutions seeking information on deal risks and internal controls.</p><p><blockquote>路透社3月份报道称，SEC执法部门已对华尔街银行的SPAC交易展开调查，并致函多家机构，寻求有关交易风险和内部控制的信息。</blockquote></p><p> Since March, the SEC has focused its inquiry on a group of banks, law firms and SPAC sponsors involved in troubled deals and has sought more information about the deals and interviewed executives concerned, according to two of the three sources.</p><p><blockquote>据三位消息人士中的两位称，自3月份以来，SEC将调查重点放在了一批涉及问题交易的银行、律师事务所和SPAC保荐人身上，并寻求有关这些交易的更多信息，并采访了相关高管。</blockquote></p><p> The SEC is particularly interested in the fees banks have earned when playing several roles on a deal, all three sources said. They declined to say which deals were under scrutiny.</p><p><blockquote>三位消息人士均表示，美国证券交易委员会对银行在交易中扮演多个角色所赚取的费用特别感兴趣。他们拒绝透露哪些交易正在接受审查。</blockquote></p><p> “The big issue for the SEC is to understand if the advisers are conflicted,” said one of the people.</p><p><blockquote>“SEC面临的一个大问题是了解顾问们是否存在冲突，”其中一位知情人士表示。</blockquote></p><p> A spokesperson for the SEC did not respond to requests for comment.</p><p><blockquote>SEC发言人没有回应置评请求。</blockquote></p><p> SPAC sponsors typically pay banks a 5.5% fee for underwriting the IPO, part of which is paid up front, with the rest paid upon completion of the merger.</p><p><blockquote>SPAC保荐人通常会向银行支付5.5%的IPO承销费用，其中一部分预先支付，其余部分在合并完成后支付。</blockquote></p><p> Underwriting banks can earn more fees if they also go on to represent the merger target and help the SPAC sponsor raise additional cash from private investors to finance the takeover.</p><p><blockquote>如果承销银行还继续代表合并目标并帮助SPAC发起人从私人投资者那里筹集额外现金为收购提供资金，则可以赚取更多费用。</blockquote></p><p> The SEC is examining potential conflicts in such situations when a bank works for both sides of the transaction and stands to earn a chunk of fees when the merger goes through.</p><p><blockquote>美国证券交易委员会正在研究这种情况下的潜在冲突，即银行为交易双方工作，并在合并完成后赚取一大笔费用。</blockquote></p><p> Critics say such arrangements could incentivise banks to talk up targets or play down potential problems, which could harm investors if the target company’s earnings underperform, or other regulatory or legal issues emerge following the merger.</p><p><blockquote>批评人士表示，此类安排可能会激励银行夸大目标或淡化潜在问题，如果目标公司的盈利表现不佳，或者合并后出现其他监管或法律问题，这可能会损害投资者。</blockquote></p><p> SPAC returns have trailed the S&amp;P 500 and some SPACs have been accused by shareholders and government investigators of misleading disclosures..</p><p><blockquote>特殊目的收购公司的回报落后于标普500，一些特殊目的收购公司被股东和政府调查人员指控披露误导性..</blockquote></p><p> The sources declined to be named because the discussions are private. Regulatory requests for information do not necessarily imply wrongdoing.</p><p><blockquote>消息人士拒绝透露姓名，因为讨论是私下进行的。监管机构要求提供信息并不一定意味着不当行为。</blockquote></p><p> EXTRA DILIGENCE</p><p><blockquote>额外的勤奋</blockquote></p><p> Under the rules, lawyers and accountants are required to disclose their fees in the SPAC’s regulatory filings, but banks are not. In its recent inquiries, the SEC has asked banks for more information on their payouts, the three sources said.</p><p><blockquote>根据规定，律师和会计师必须在SPAC的监管文件中披露其费用，但银行则不需要。三位消息人士称，在最近的调查中，美国证券交易委员会要求银行提供更多有关其支出的信息。</blockquote></p><p> The SEC has also asked the banks for information on the due diligence they performed on SPAC mergers, including when reviewing revenue growth projections and other disclosures made by the target companies, one of the sources said.</p><p><blockquote>其中一位消息人士称，SEC还要求银行提供有关他们对SPAC合并进行尽职调查的信息，包括在审查目标公司的收入增长预测和其他披露时。</blockquote></p><p> The increased scrutiny has prompted some banks to review their processes and increase due diligence, the third source said, adding that some banks and sponsors were also more frequently separating the underwriting and advisory roles.</p><p><blockquote>第三位消息人士称，审查的加强促使一些银行审查其流程并加强尽职调查，并补充说，一些银行和保荐人也更频繁地将承销和咨询角色分开。</blockquote></p><p> SPACs have existed for decades, but over the past 18 months the deal structure has been popularized by high-profile sponsors and boosted by easy monetary conditions.</p><p><blockquote>SPAC已经存在了几十年，但在过去的18个月里，这种交易结构受到了知名赞助商的普及，并受到宽松货币条件的推动。</blockquote></p><p> A record nearly $100 billion was raised by U.S. SPACs in the first quarter of 2021, according to Dealogic, before dealmaking flagged amid market saturation and heightened SEC scrutiny.</p><p><blockquote>Dealogic的数据显示，2021年第一季度，美国SPAC筹集了创纪录的近1000亿美元，但由于市场饱和和SEC审查的加强，交易撮合量下降。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. SEC focuses on bank fee conflicts as it steps-up SPAC inquiry<blockquote>美国SEC加强SPAC调查重点关注银行费用冲突</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-13 19:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>WASHINGTON (Reuters) - The U.S. securities regulator has ramped-up its inquiry on Wall Street’s blank check acquisition frenzy, homing in on potential conflicts of interest created when banks act as underwriters and advisers on the same deal, three people with direct knowledge of the matter told Reuters.</p><p><blockquote>华盛顿（路透社）-三名直接了解此事的人士表示，美国证券监管机构加大了对华尔街空白支票收购狂潮的调查力度，重点关注银行在同一交易中担任承销商和顾问时产生的潜在利益冲突。此事告诉路透社。</blockquote></p><p> The Securities and Exchange Commission is exploring whether certain fee structures may incentivise underwriters on special purpose acquisition company, or SPAC, listings to secure unsuitable deals when also advising on the later stage merger, potentially putting investors at risk, the people said.</p><p><blockquote>知情人士称，美国证券交易委员会正在探索某些费用结构是否会激励特殊目的收购公司（SPAC）上市的承销商在为后期合并提供建议时获得不合适的交易，这可能会使投资者面临风险。</blockquote></p><p> Banks that have received SEC requests for information include top SPAC underwriters Citigroup, Credit Suisse Group, Morgan Stanley and Goldman Sachs, they said.</p><p><blockquote>他们表示，收到SEC信息请求的银行包括顶级SPAC承销商花旗集团、瑞士信贷集团、摩根士丹利和高盛。</blockquote></p><p> Spokespeople for the banks declined to comment.</p><p><blockquote>银行发言人拒绝置评。</blockquote></p><p> SPACs are listed shell companies used to take private companies public, sidestepping the more traditional and lengthy initial public offering (IPO) process.</p><p><blockquote>SPAC是上市空壳公司，用于让私营公司上市，避开更传统、更漫长的首次公开募股（IPO）流程。</blockquote></p><p> Reuters reported in March that the SEC’s enforcement division had opened an inquiry on Wall Street banks’ SPAC dealings, sending letters to several institutions seeking information on deal risks and internal controls.</p><p><blockquote>路透社3月份报道称，SEC执法部门已对华尔街银行的SPAC交易展开调查，并致函多家机构，寻求有关交易风险和内部控制的信息。</blockquote></p><p> Since March, the SEC has focused its inquiry on a group of banks, law firms and SPAC sponsors involved in troubled deals and has sought more information about the deals and interviewed executives concerned, according to two of the three sources.</p><p><blockquote>据三位消息人士中的两位称，自3月份以来，SEC将调查重点放在了一批涉及问题交易的银行、律师事务所和SPAC保荐人身上，并寻求有关这些交易的更多信息，并采访了相关高管。</blockquote></p><p> The SEC is particularly interested in the fees banks have earned when playing several roles on a deal, all three sources said. They declined to say which deals were under scrutiny.</p><p><blockquote>三位消息人士均表示，美国证券交易委员会对银行在交易中扮演多个角色所赚取的费用特别感兴趣。他们拒绝透露哪些交易正在接受审查。</blockquote></p><p> “The big issue for the SEC is to understand if the advisers are conflicted,” said one of the people.</p><p><blockquote>“SEC面临的一个大问题是了解顾问们是否存在冲突，”其中一位知情人士表示。</blockquote></p><p> A spokesperson for the SEC did not respond to requests for comment.</p><p><blockquote>SEC发言人没有回应置评请求。</blockquote></p><p> SPAC sponsors typically pay banks a 5.5% fee for underwriting the IPO, part of which is paid up front, with the rest paid upon completion of the merger.</p><p><blockquote>SPAC保荐人通常会向银行支付5.5%的IPO承销费用，其中一部分预先支付，其余部分在合并完成后支付。</blockquote></p><p> Underwriting banks can earn more fees if they also go on to represent the merger target and help the SPAC sponsor raise additional cash from private investors to finance the takeover.</p><p><blockquote>如果承销银行还继续代表合并目标并帮助SPAC发起人从私人投资者那里筹集额外现金为收购提供资金，则可以赚取更多费用。</blockquote></p><p> The SEC is examining potential conflicts in such situations when a bank works for both sides of the transaction and stands to earn a chunk of fees when the merger goes through.</p><p><blockquote>美国证券交易委员会正在研究这种情况下的潜在冲突，即银行为交易双方工作，并在合并完成后赚取一大笔费用。</blockquote></p><p> Critics say such arrangements could incentivise banks to talk up targets or play down potential problems, which could harm investors if the target company’s earnings underperform, or other regulatory or legal issues emerge following the merger.</p><p><blockquote>批评人士表示，此类安排可能会激励银行夸大目标或淡化潜在问题，如果目标公司的盈利表现不佳，或者合并后出现其他监管或法律问题，这可能会损害投资者。</blockquote></p><p> SPAC returns have trailed the S&amp;P 500 and some SPACs have been accused by shareholders and government investigators of misleading disclosures..</p><p><blockquote>特殊目的收购公司的回报落后于标普500，一些特殊目的收购公司被股东和政府调查人员指控披露误导性..</blockquote></p><p> The sources declined to be named because the discussions are private. Regulatory requests for information do not necessarily imply wrongdoing.</p><p><blockquote>消息人士拒绝透露姓名，因为讨论是私下进行的。监管机构要求提供信息并不一定意味着不当行为。</blockquote></p><p> EXTRA DILIGENCE</p><p><blockquote>额外的勤奋</blockquote></p><p> Under the rules, lawyers and accountants are required to disclose their fees in the SPAC’s regulatory filings, but banks are not. In its recent inquiries, the SEC has asked banks for more information on their payouts, the three sources said.</p><p><blockquote>根据规定，律师和会计师必须在SPAC的监管文件中披露其费用，但银行则不需要。三位消息人士称，在最近的调查中，美国证券交易委员会要求银行提供更多有关其支出的信息。</blockquote></p><p> The SEC has also asked the banks for information on the due diligence they performed on SPAC mergers, including when reviewing revenue growth projections and other disclosures made by the target companies, one of the sources said.</p><p><blockquote>其中一位消息人士称，SEC还要求银行提供有关他们对SPAC合并进行尽职调查的信息，包括在审查目标公司的收入增长预测和其他披露时。</blockquote></p><p> The increased scrutiny has prompted some banks to review their processes and increase due diligence, the third source said, adding that some banks and sponsors were also more frequently separating the underwriting and advisory roles.</p><p><blockquote>第三位消息人士称，审查的加强促使一些银行审查其流程并加强尽职调查，并补充说，一些银行和保荐人也更频繁地将承销和咨询角色分开。</blockquote></p><p> SPACs have existed for decades, but over the past 18 months the deal structure has been popularized by high-profile sponsors and boosted by easy monetary conditions.</p><p><blockquote>SPAC已经存在了几十年，但在过去的18个月里，这种交易结构受到了知名赞助商的普及，并受到宽松货币条件的推动。</blockquote></p><p> A record nearly $100 billion was raised by U.S. SPACs in the first quarter of 2021, according to Dealogic, before dealmaking flagged amid market saturation and heightened SEC scrutiny.</p><p><blockquote>Dealogic的数据显示，2021年第一季度，美国SPAC筹集了创纪录的近1000亿美元，但由于市场饱和和SEC审查的加强，交易撮合量下降。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-sec-spac/exclusive-u-s-sec-focuses-on-bank-fee-conflicts-as-it-steps-up-spac-inquiry-sources-idUSL2N2O90D0\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/usa-sec-spac/exclusive-u-s-sec-focuses-on-bank-fee-conflicts-as-it-steps-up-spac-inquiry-sources-idUSL2N2O90D0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146447033","content_text":"WASHINGTON (Reuters) - The U.S. securities regulator has ramped-up its inquiry on Wall Street’s blank check acquisition frenzy, homing in on potential conflicts of interest created when banks act as underwriters and advisers on the same deal, three people with direct knowledge of the matter told Reuters.\nThe Securities and Exchange Commission is exploring whether certain fee structures may incentivise underwriters on special purpose acquisition company, or SPAC, listings to secure unsuitable deals when also advising on the later stage merger, potentially putting investors at risk, the people said.\nBanks that have received SEC requests for information include top SPAC underwriters Citigroup, Credit Suisse Group, Morgan Stanley and Goldman Sachs, they said.\nSpokespeople for the banks declined to comment.\nSPACs are listed shell companies used to take private companies public, sidestepping the more traditional and lengthy initial public offering (IPO) process.\nReuters reported in March that the SEC’s enforcement division had opened an inquiry on Wall Street banks’ SPAC dealings, sending letters to several institutions seeking information on deal risks and internal controls.\nSince March, the SEC has focused its inquiry on a group of banks, law firms and SPAC sponsors involved in troubled deals and has sought more information about the deals and interviewed executives concerned, according to two of the three sources.\nThe SEC is particularly interested in the fees banks have earned when playing several roles on a deal, all three sources said. They declined to say which deals were under scrutiny.\n“The big issue for the SEC is to understand if the advisers are conflicted,” said one of the people.\nA spokesperson for the SEC did not respond to requests for comment.\nSPAC sponsors typically pay banks a 5.5% fee for underwriting the IPO, part of which is paid up front, with the rest paid upon completion of the merger.\nUnderwriting banks can earn more fees if they also go on to represent the merger target and help the SPAC sponsor raise additional cash from private investors to finance the takeover.\nThe SEC is examining potential conflicts in such situations when a bank works for both sides of the transaction and stands to earn a chunk of fees when the merger goes through.\nCritics say such arrangements could incentivise banks to talk up targets or play down potential problems, which could harm investors if the target company’s earnings underperform, or other regulatory or legal issues emerge following the merger.\nSPAC returns have trailed the S&P 500 and some SPACs have been accused by shareholders and government investigators of misleading disclosures..\nThe sources declined to be named because the discussions are private. Regulatory requests for information do not necessarily imply wrongdoing.\nEXTRA DILIGENCE\nUnder the rules, lawyers and accountants are required to disclose their fees in the SPAC’s regulatory filings, but banks are not. In its recent inquiries, the SEC has asked banks for more information on their payouts, the three sources said.\nThe SEC has also asked the banks for information on the due diligence they performed on SPAC mergers, including when reviewing revenue growth projections and other disclosures made by the target companies, one of the sources said.\nThe increased scrutiny has prompted some banks to review their processes and increase due diligence, the third source said, adding that some banks and sponsors were also more frequently separating the underwriting and advisory roles.\nSPACs have existed for decades, but over the past 18 months the deal structure has been popularized by high-profile sponsors and boosted by easy monetary conditions.\nA record nearly $100 billion was raised by U.S. SPACs in the first quarter of 2021, according to Dealogic, before dealmaking flagged amid market saturation and heightened SEC scrutiny.","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":891,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158541318,"gmtCreate":1625159136734,"gmtModify":1633943011873,"author":{"id":"3553929531899145","authorId":"3553929531899145","name":"handsomeMa","avatar":"https://static.tigerbbs.com/b2533b6b69810c07d6b6b5ed0723fc2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553929531899145","authorIdStr":"3553929531899145"},"themes":[],"htmlText":"can scoop more before q4 then","listText":"can scoop more before q4 then","text":"can scoop more before q4 then","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158541318","repostId":"1128243947","repostType":2,"isVote":1,"tweetType":1,"viewCount":2382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169748750,"gmtCreate":1623852065170,"gmtModify":1634027072737,"author":{"id":"3553929531899145","authorId":"3553929531899145","name":"handsomeMa","avatar":"https://static.tigerbbs.com/b2533b6b69810c07d6b6b5ed0723fc2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553929531899145","authorIdStr":"3553929531899145"},"themes":[],"htmlText":"[贱笑]&nbsp;","listText":"[贱笑]&nbsp;","text":"[贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/169748750","repostId":"2143794134","repostType":4,"isVote":1,"tweetType":1,"viewCount":1460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":356242976,"gmtCreate":1616782613895,"gmtModify":1634524008172,"author":{"id":"3553929531899145","authorId":"3553929531899145","name":"handsomeMa","avatar":"https://static.tigerbbs.com/b2533b6b69810c07d6b6b5ed0723fc2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553929531899145","authorIdStr":"3553929531899145"},"themes":[],"htmlText":"[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;","listText":"[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;","text":"[流泪] [流泪] [流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/356242976","repostId":"1198593189","repostType":4,"isVote":1,"tweetType":1,"viewCount":1044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":356249165,"gmtCreate":1616782192457,"gmtModify":1634524009890,"author":{"id":"3553929531899145","authorId":"3553929531899145","name":"handsomeMa","avatar":"https://static.tigerbbs.com/b2533b6b69810c07d6b6b5ed0723fc2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553929531899145","authorIdStr":"3553929531899145"},"themes":[],"htmlText":"lol","listText":"lol","text":"lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356249165","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","kind":"news","pubTimestamp":1616772179,"share":"https://www.laohu8.com/m/news/1111192234?lang=zh_CN&edition=full","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-26 23:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":169748750,"gmtCreate":1623852065170,"gmtModify":1634027072737,"author":{"id":"3553929531899145","authorId":"3553929531899145","name":"handsomeMa","avatar":"https://static.tigerbbs.com/b2533b6b69810c07d6b6b5ed0723fc2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553929531899145","authorIdStr":"3553929531899145"},"themes":[],"htmlText":"[贱笑]&nbsp;","listText":"[贱笑]&nbsp;","text":"[贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/169748750","repostId":"2143794134","repostType":4,"isVote":1,"tweetType":1,"viewCount":1460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":142788320,"gmtCreate":1626176997360,"gmtModify":1633929395322,"author":{"id":"3553929531899145","authorId":"3553929531899145","name":"handsomeMa","avatar":"https://static.tigerbbs.com/b2533b6b69810c07d6b6b5ed0723fc2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553929531899145","authorIdStr":"3553929531899145"},"themes":[],"htmlText":"here for the 10 coin","listText":"here for the 10 coin","text":"here for the 10 coin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/142788320","repostId":"1146447033","repostType":4,"repost":{"id":"1146447033","kind":"news","pubTimestamp":1626175407,"share":"https://www.laohu8.com/m/news/1146447033?lang=zh_CN&edition=full","pubTime":"2021-07-13 19:23","market":"us","language":"en","title":"U.S. SEC focuses on bank fee conflicts as it steps-up SPAC inquiry<blockquote>美国SEC加强SPAC调查重点关注银行费用冲突</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146447033","media":"Reuters","summary":"WASHINGTON (Reuters) - The U.S. securities regulator has ramped-up its inquiry on Wall Street’s blan","content":"<p>WASHINGTON (Reuters) - The U.S. securities regulator has ramped-up its inquiry on Wall Street’s blank check acquisition frenzy, homing in on potential conflicts of interest created when banks act as underwriters and advisers on the same deal, three people with direct knowledge of the matter told Reuters.</p><p><blockquote>华盛顿（路透社）-三名直接了解此事的人士表示，美国证券监管机构加大了对华尔街空白支票收购狂潮的调查力度，重点关注银行在同一交易中担任承销商和顾问时产生的潜在利益冲突。此事告诉路透社。</blockquote></p><p> The Securities and Exchange Commission is exploring whether certain fee structures may incentivise underwriters on special purpose acquisition company, or SPAC, listings to secure unsuitable deals when also advising on the later stage merger, potentially putting investors at risk, the people said.</p><p><blockquote>知情人士称，美国证券交易委员会正在探索某些费用结构是否会激励特殊目的收购公司（SPAC）上市的承销商在为后期合并提供建议时获得不合适的交易，这可能会使投资者面临风险。</blockquote></p><p> Banks that have received SEC requests for information include top SPAC underwriters Citigroup, Credit Suisse Group, Morgan Stanley and Goldman Sachs, they said.</p><p><blockquote>他们表示，收到SEC信息请求的银行包括顶级SPAC承销商花旗集团、瑞士信贷集团、摩根士丹利和高盛。</blockquote></p><p> Spokespeople for the banks declined to comment.</p><p><blockquote>银行发言人拒绝置评。</blockquote></p><p> SPACs are listed shell companies used to take private companies public, sidestepping the more traditional and lengthy initial public offering (IPO) process.</p><p><blockquote>SPAC是上市空壳公司，用于让私营公司上市，避开更传统、更漫长的首次公开募股（IPO）流程。</blockquote></p><p> Reuters reported in March that the SEC’s enforcement division had opened an inquiry on Wall Street banks’ SPAC dealings, sending letters to several institutions seeking information on deal risks and internal controls.</p><p><blockquote>路透社3月份报道称，SEC执法部门已对华尔街银行的SPAC交易展开调查，并致函多家机构，寻求有关交易风险和内部控制的信息。</blockquote></p><p> Since March, the SEC has focused its inquiry on a group of banks, law firms and SPAC sponsors involved in troubled deals and has sought more information about the deals and interviewed executives concerned, according to two of the three sources.</p><p><blockquote>据三位消息人士中的两位称，自3月份以来，SEC将调查重点放在了一批涉及问题交易的银行、律师事务所和SPAC保荐人身上，并寻求有关这些交易的更多信息，并采访了相关高管。</blockquote></p><p> The SEC is particularly interested in the fees banks have earned when playing several roles on a deal, all three sources said. They declined to say which deals were under scrutiny.</p><p><blockquote>三位消息人士均表示，美国证券交易委员会对银行在交易中扮演多个角色所赚取的费用特别感兴趣。他们拒绝透露哪些交易正在接受审查。</blockquote></p><p> “The big issue for the SEC is to understand if the advisers are conflicted,” said one of the people.</p><p><blockquote>“SEC面临的一个大问题是了解顾问们是否存在冲突，”其中一位知情人士表示。</blockquote></p><p> A spokesperson for the SEC did not respond to requests for comment.</p><p><blockquote>SEC发言人没有回应置评请求。</blockquote></p><p> SPAC sponsors typically pay banks a 5.5% fee for underwriting the IPO, part of which is paid up front, with the rest paid upon completion of the merger.</p><p><blockquote>SPAC保荐人通常会向银行支付5.5%的IPO承销费用，其中一部分预先支付，其余部分在合并完成后支付。</blockquote></p><p> Underwriting banks can earn more fees if they also go on to represent the merger target and help the SPAC sponsor raise additional cash from private investors to finance the takeover.</p><p><blockquote>如果承销银行还继续代表合并目标并帮助SPAC发起人从私人投资者那里筹集额外现金为收购提供资金，则可以赚取更多费用。</blockquote></p><p> The SEC is examining potential conflicts in such situations when a bank works for both sides of the transaction and stands to earn a chunk of fees when the merger goes through.</p><p><blockquote>美国证券交易委员会正在研究这种情况下的潜在冲突，即银行为交易双方工作，并在合并完成后赚取一大笔费用。</blockquote></p><p> Critics say such arrangements could incentivise banks to talk up targets or play down potential problems, which could harm investors if the target company’s earnings underperform, or other regulatory or legal issues emerge following the merger.</p><p><blockquote>批评人士表示，此类安排可能会激励银行夸大目标或淡化潜在问题，如果目标公司的盈利表现不佳，或者合并后出现其他监管或法律问题，这可能会损害投资者。</blockquote></p><p> SPAC returns have trailed the S&amp;P 500 and some SPACs have been accused by shareholders and government investigators of misleading disclosures..</p><p><blockquote>特殊目的收购公司的回报落后于标普500，一些特殊目的收购公司被股东和政府调查人员指控披露误导性..</blockquote></p><p> The sources declined to be named because the discussions are private. Regulatory requests for information do not necessarily imply wrongdoing.</p><p><blockquote>消息人士拒绝透露姓名，因为讨论是私下进行的。监管机构要求提供信息并不一定意味着不当行为。</blockquote></p><p> EXTRA DILIGENCE</p><p><blockquote>额外的勤奋</blockquote></p><p> Under the rules, lawyers and accountants are required to disclose their fees in the SPAC’s regulatory filings, but banks are not. In its recent inquiries, the SEC has asked banks for more information on their payouts, the three sources said.</p><p><blockquote>根据规定，律师和会计师必须在SPAC的监管文件中披露其费用，但银行则不需要。三位消息人士称，在最近的调查中，美国证券交易委员会要求银行提供更多有关其支出的信息。</blockquote></p><p> The SEC has also asked the banks for information on the due diligence they performed on SPAC mergers, including when reviewing revenue growth projections and other disclosures made by the target companies, one of the sources said.</p><p><blockquote>其中一位消息人士称，SEC还要求银行提供有关他们对SPAC合并进行尽职调查的信息，包括在审查目标公司的收入增长预测和其他披露时。</blockquote></p><p> The increased scrutiny has prompted some banks to review their processes and increase due diligence, the third source said, adding that some banks and sponsors were also more frequently separating the underwriting and advisory roles.</p><p><blockquote>第三位消息人士称，审查的加强促使一些银行审查其流程并加强尽职调查，并补充说，一些银行和保荐人也更频繁地将承销和咨询角色分开。</blockquote></p><p> SPACs have existed for decades, but over the past 18 months the deal structure has been popularized by high-profile sponsors and boosted by easy monetary conditions.</p><p><blockquote>SPAC已经存在了几十年，但在过去的18个月里，这种交易结构受到了知名赞助商的普及，并受到宽松货币条件的推动。</blockquote></p><p> A record nearly $100 billion was raised by U.S. SPACs in the first quarter of 2021, according to Dealogic, before dealmaking flagged amid market saturation and heightened SEC scrutiny.</p><p><blockquote>Dealogic的数据显示，2021年第一季度，美国SPAC筹集了创纪录的近1000亿美元，但由于市场饱和和SEC审查的加强，交易撮合量下降。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. SEC focuses on bank fee conflicts as it steps-up SPAC inquiry<blockquote>美国SEC加强SPAC调查重点关注银行费用冲突</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. SEC focuses on bank fee conflicts as it steps-up SPAC inquiry<blockquote>美国SEC加强SPAC调查重点关注银行费用冲突</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-13 19:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>WASHINGTON (Reuters) - The U.S. securities regulator has ramped-up its inquiry on Wall Street’s blank check acquisition frenzy, homing in on potential conflicts of interest created when banks act as underwriters and advisers on the same deal, three people with direct knowledge of the matter told Reuters.</p><p><blockquote>华盛顿（路透社）-三名直接了解此事的人士表示，美国证券监管机构加大了对华尔街空白支票收购狂潮的调查力度，重点关注银行在同一交易中担任承销商和顾问时产生的潜在利益冲突。此事告诉路透社。</blockquote></p><p> The Securities and Exchange Commission is exploring whether certain fee structures may incentivise underwriters on special purpose acquisition company, or SPAC, listings to secure unsuitable deals when also advising on the later stage merger, potentially putting investors at risk, the people said.</p><p><blockquote>知情人士称，美国证券交易委员会正在探索某些费用结构是否会激励特殊目的收购公司（SPAC）上市的承销商在为后期合并提供建议时获得不合适的交易，这可能会使投资者面临风险。</blockquote></p><p> Banks that have received SEC requests for information include top SPAC underwriters Citigroup, Credit Suisse Group, Morgan Stanley and Goldman Sachs, they said.</p><p><blockquote>他们表示，收到SEC信息请求的银行包括顶级SPAC承销商花旗集团、瑞士信贷集团、摩根士丹利和高盛。</blockquote></p><p> Spokespeople for the banks declined to comment.</p><p><blockquote>银行发言人拒绝置评。</blockquote></p><p> SPACs are listed shell companies used to take private companies public, sidestepping the more traditional and lengthy initial public offering (IPO) process.</p><p><blockquote>SPAC是上市空壳公司，用于让私营公司上市，避开更传统、更漫长的首次公开募股（IPO）流程。</blockquote></p><p> Reuters reported in March that the SEC’s enforcement division had opened an inquiry on Wall Street banks’ SPAC dealings, sending letters to several institutions seeking information on deal risks and internal controls.</p><p><blockquote>路透社3月份报道称，SEC执法部门已对华尔街银行的SPAC交易展开调查，并致函多家机构，寻求有关交易风险和内部控制的信息。</blockquote></p><p> Since March, the SEC has focused its inquiry on a group of banks, law firms and SPAC sponsors involved in troubled deals and has sought more information about the deals and interviewed executives concerned, according to two of the three sources.</p><p><blockquote>据三位消息人士中的两位称，自3月份以来，SEC将调查重点放在了一批涉及问题交易的银行、律师事务所和SPAC保荐人身上，并寻求有关这些交易的更多信息，并采访了相关高管。</blockquote></p><p> The SEC is particularly interested in the fees banks have earned when playing several roles on a deal, all three sources said. They declined to say which deals were under scrutiny.</p><p><blockquote>三位消息人士均表示，美国证券交易委员会对银行在交易中扮演多个角色所赚取的费用特别感兴趣。他们拒绝透露哪些交易正在接受审查。</blockquote></p><p> “The big issue for the SEC is to understand if the advisers are conflicted,” said one of the people.</p><p><blockquote>“SEC面临的一个大问题是了解顾问们是否存在冲突，”其中一位知情人士表示。</blockquote></p><p> A spokesperson for the SEC did not respond to requests for comment.</p><p><blockquote>SEC发言人没有回应置评请求。</blockquote></p><p> SPAC sponsors typically pay banks a 5.5% fee for underwriting the IPO, part of which is paid up front, with the rest paid upon completion of the merger.</p><p><blockquote>SPAC保荐人通常会向银行支付5.5%的IPO承销费用，其中一部分预先支付，其余部分在合并完成后支付。</blockquote></p><p> Underwriting banks can earn more fees if they also go on to represent the merger target and help the SPAC sponsor raise additional cash from private investors to finance the takeover.</p><p><blockquote>如果承销银行还继续代表合并目标并帮助SPAC发起人从私人投资者那里筹集额外现金为收购提供资金，则可以赚取更多费用。</blockquote></p><p> The SEC is examining potential conflicts in such situations when a bank works for both sides of the transaction and stands to earn a chunk of fees when the merger goes through.</p><p><blockquote>美国证券交易委员会正在研究这种情况下的潜在冲突，即银行为交易双方工作，并在合并完成后赚取一大笔费用。</blockquote></p><p> Critics say such arrangements could incentivise banks to talk up targets or play down potential problems, which could harm investors if the target company’s earnings underperform, or other regulatory or legal issues emerge following the merger.</p><p><blockquote>批评人士表示，此类安排可能会激励银行夸大目标或淡化潜在问题，如果目标公司的盈利表现不佳，或者合并后出现其他监管或法律问题，这可能会损害投资者。</blockquote></p><p> SPAC returns have trailed the S&amp;P 500 and some SPACs have been accused by shareholders and government investigators of misleading disclosures..</p><p><blockquote>特殊目的收购公司的回报落后于标普500，一些特殊目的收购公司被股东和政府调查人员指控披露误导性..</blockquote></p><p> The sources declined to be named because the discussions are private. Regulatory requests for information do not necessarily imply wrongdoing.</p><p><blockquote>消息人士拒绝透露姓名，因为讨论是私下进行的。监管机构要求提供信息并不一定意味着不当行为。</blockquote></p><p> EXTRA DILIGENCE</p><p><blockquote>额外的勤奋</blockquote></p><p> Under the rules, lawyers and accountants are required to disclose their fees in the SPAC’s regulatory filings, but banks are not. In its recent inquiries, the SEC has asked banks for more information on their payouts, the three sources said.</p><p><blockquote>根据规定，律师和会计师必须在SPAC的监管文件中披露其费用，但银行则不需要。三位消息人士称，在最近的调查中，美国证券交易委员会要求银行提供更多有关其支出的信息。</blockquote></p><p> The SEC has also asked the banks for information on the due diligence they performed on SPAC mergers, including when reviewing revenue growth projections and other disclosures made by the target companies, one of the sources said.</p><p><blockquote>其中一位消息人士称，SEC还要求银行提供有关他们对SPAC合并进行尽职调查的信息，包括在审查目标公司的收入增长预测和其他披露时。</blockquote></p><p> The increased scrutiny has prompted some banks to review their processes and increase due diligence, the third source said, adding that some banks and sponsors were also more frequently separating the underwriting and advisory roles.</p><p><blockquote>第三位消息人士称，审查的加强促使一些银行审查其流程并加强尽职调查，并补充说，一些银行和保荐人也更频繁地将承销和咨询角色分开。</blockquote></p><p> SPACs have existed for decades, but over the past 18 months the deal structure has been popularized by high-profile sponsors and boosted by easy monetary conditions.</p><p><blockquote>SPAC已经存在了几十年，但在过去的18个月里，这种交易结构受到了知名赞助商的普及，并受到宽松货币条件的推动。</blockquote></p><p> A record nearly $100 billion was raised by U.S. SPACs in the first quarter of 2021, according to Dealogic, before dealmaking flagged amid market saturation and heightened SEC scrutiny.</p><p><blockquote>Dealogic的数据显示，2021年第一季度，美国SPAC筹集了创纪录的近1000亿美元，但由于市场饱和和SEC审查的加强，交易撮合量下降。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-sec-spac/exclusive-u-s-sec-focuses-on-bank-fee-conflicts-as-it-steps-up-spac-inquiry-sources-idUSL2N2O90D0\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/usa-sec-spac/exclusive-u-s-sec-focuses-on-bank-fee-conflicts-as-it-steps-up-spac-inquiry-sources-idUSL2N2O90D0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146447033","content_text":"WASHINGTON (Reuters) - The U.S. securities regulator has ramped-up its inquiry on Wall Street’s blank check acquisition frenzy, homing in on potential conflicts of interest created when banks act as underwriters and advisers on the same deal, three people with direct knowledge of the matter told Reuters.\nThe Securities and Exchange Commission is exploring whether certain fee structures may incentivise underwriters on special purpose acquisition company, or SPAC, listings to secure unsuitable deals when also advising on the later stage merger, potentially putting investors at risk, the people said.\nBanks that have received SEC requests for information include top SPAC underwriters Citigroup, Credit Suisse Group, Morgan Stanley and Goldman Sachs, they said.\nSpokespeople for the banks declined to comment.\nSPACs are listed shell companies used to take private companies public, sidestepping the more traditional and lengthy initial public offering (IPO) process.\nReuters reported in March that the SEC’s enforcement division had opened an inquiry on Wall Street banks’ SPAC dealings, sending letters to several institutions seeking information on deal risks and internal controls.\nSince March, the SEC has focused its inquiry on a group of banks, law firms and SPAC sponsors involved in troubled deals and has sought more information about the deals and interviewed executives concerned, according to two of the three sources.\nThe SEC is particularly interested in the fees banks have earned when playing several roles on a deal, all three sources said. They declined to say which deals were under scrutiny.\n“The big issue for the SEC is to understand if the advisers are conflicted,” said one of the people.\nA spokesperson for the SEC did not respond to requests for comment.\nSPAC sponsors typically pay banks a 5.5% fee for underwriting the IPO, part of which is paid up front, with the rest paid upon completion of the merger.\nUnderwriting banks can earn more fees if they also go on to represent the merger target and help the SPAC sponsor raise additional cash from private investors to finance the takeover.\nThe SEC is examining potential conflicts in such situations when a bank works for both sides of the transaction and stands to earn a chunk of fees when the merger goes through.\nCritics say such arrangements could incentivise banks to talk up targets or play down potential problems, which could harm investors if the target company’s earnings underperform, or other regulatory or legal issues emerge following the merger.\nSPAC returns have trailed the S&P 500 and some SPACs have been accused by shareholders and government investigators of misleading disclosures..\nThe sources declined to be named because the discussions are private. Regulatory requests for information do not necessarily imply wrongdoing.\nEXTRA DILIGENCE\nUnder the rules, lawyers and accountants are required to disclose their fees in the SPAC’s regulatory filings, but banks are not. In its recent inquiries, the SEC has asked banks for more information on their payouts, the three sources said.\nThe SEC has also asked the banks for information on the due diligence they performed on SPAC mergers, including when reviewing revenue growth projections and other disclosures made by the target companies, one of the sources said.\nThe increased scrutiny has prompted some banks to review their processes and increase due diligence, the third source said, adding that some banks and sponsors were also more frequently separating the underwriting and advisory roles.\nSPACs have existed for decades, but over the past 18 months the deal structure has been popularized by high-profile sponsors and boosted by easy monetary conditions.\nA record nearly $100 billion was raised by U.S. SPACs in the first quarter of 2021, according to Dealogic, before dealmaking flagged amid market saturation and heightened SEC scrutiny.","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":891,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356242976,"gmtCreate":1616782613895,"gmtModify":1634524008172,"author":{"id":"3553929531899145","authorId":"3553929531899145","name":"handsomeMa","avatar":"https://static.tigerbbs.com/b2533b6b69810c07d6b6b5ed0723fc2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553929531899145","authorIdStr":"3553929531899145"},"themes":[],"htmlText":"[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;","listText":"[流泪]&nbsp;[流泪]&nbsp;[流泪]&nbsp;","text":"[流泪] [流泪] [流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/356242976","repostId":"1198593189","repostType":4,"isVote":1,"tweetType":1,"viewCount":1044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":356249165,"gmtCreate":1616782192457,"gmtModify":1634524009890,"author":{"id":"3553929531899145","authorId":"3553929531899145","name":"handsomeMa","avatar":"https://static.tigerbbs.com/b2533b6b69810c07d6b6b5ed0723fc2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553929531899145","authorIdStr":"3553929531899145"},"themes":[],"htmlText":"lol","listText":"lol","text":"lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356249165","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","kind":"news","pubTimestamp":1616772179,"share":"https://www.laohu8.com/m/news/1111192234?lang=zh_CN&edition=full","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-26 23:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158541318,"gmtCreate":1625159136734,"gmtModify":1633943011873,"author":{"id":"3553929531899145","authorId":"3553929531899145","name":"handsomeMa","avatar":"https://static.tigerbbs.com/b2533b6b69810c07d6b6b5ed0723fc2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553929531899145","authorIdStr":"3553929531899145"},"themes":[],"htmlText":"can scoop more before q4 then","listText":"can scoop more before q4 then","text":"can scoop more before q4 then","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158541318","repostId":"1128243947","repostType":2,"isVote":1,"tweetType":1,"viewCount":2382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}