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2021-06-20

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2021-06-18

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2021-06-17

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Akamai Failure Triggers Global Internet Downtime On Thursday

2021-06-17

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2021-06-16

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Air travel in Asia won’t return to pre-Covid levels ‘anytime soon,’ says Singapore minister

2021-06-15

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2021-06-14

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2021-06-12

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以史为鉴，美国通胀飙升后的演绎与影响

2021-06-12

Tiger is here

一张图读懂滴滴招股书：遍布15国，日均单量4100万

2021-06-11

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2021-06-06

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2021-06-03

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2021-05-28

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2021-05-27

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Apple CEO Tim Cook is right — A more open iPhone could carry a hidden cost for consumers

2021-05-12

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2021-05-10

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2021-05-07

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Tesla Saw New Registrations Drop 25% In Germany In April, While Volkswagen Saw 108% Rise

2021-05-07

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Amazon: The Most Clearly Undervalued Company

2021-05-06

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Etsy slides more than 10% after it warns of slowing growth

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20:22","market":"us","language":"en","title":"Akamai Failure Triggers Global Internet Downtime On Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1161446890","media":"benzinga","summary":"Multiple websites operated by financial institutions, governments, and airlines, including Hong Kong","content":"<p>Multiple websites operated by financial institutions, governments, and airlines, including Hong Kong Exchanges &amp; Clearing Ltd and Australia’s central bank, went offline briefly in the second global internet outage on Thursday,&nbsp;Bloomberg reports.</p>\n<p><b>What Happened: Akamai Technologies Inc’s</b>&nbsp;network glitch affected the likes of Commonwealth Bank of Australia,&nbsp;<b>Westpac Banking Corp</b>&nbsp;WBK 0.1%, and Australia &amp; New Zealand Banking Group Ltd.</p>\n<p>The Reserve Bank of Australia had to cancel a scheduled bond-buying operation due to the glitch. The central bank reportedly adopted workarounds and fixed the website.</p>\n<p>Content delivery platform<b>&nbsp;Fastly Inc’s</b>&nbsp;(NYSE:&nbsp;FSLY)&nbsp;software failure had triggered&nbsp;an hour-long global outage this month. The outage affected the likes of&nbsp;<b>Amazon.com Inc</b>,&nbsp;<b>Shopify Inc</b>&nbsp;, and Stripe Inc. Fastly quickly identified the issue and fixed it within 46 minutes after acknowledging the problem. Sites were also promptly restored.</p>\n<p>Akamai acknowledged the issue and was actively working to restore services as soon as possible.</p>\n<p>Website tracker Downdetector.com initially highlighted hundreds of user complaints about outages affecting&nbsp;<b>Southwest Airlines Co</b>,&nbsp;<b>Delta Air Lines Inc</b>, and&nbsp;<b>Automatic Data Processing Inc</b>. Vanguard, E-Trade, and Navy Federal Credit Union-operated websites were also affected.</p>\n<p><b>Why It Matters:</b>&nbsp;Many of the websites affected on Thursday recovered within the hour. Some websites recovered after rerouting to other providers. Companies, including Hong Kong’s exchange and Southwest, were investigating the incident. The outage did not affect Southwest’s operations.</p>\n<p>Akamai features high-level website and application hosting services that large enterprises use to serve content to millions of users simultaneously.</p>\n<p>Fastly’s edge computing model places servers in multiple locations to help websites serve users from the closest physical site. The model reduces the lag time, speeds up page-loading, and distributes the load on individual servers.</p>\n<p><b>Price action:</b>&nbsp;AKAM shares closed lower by 1.26% at $116.69 on Wednesday.</p>","source":"lsy1606299360108","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>Akamai Failure Triggers Global Internet Downtime On Thursday</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nAkamai Failure Triggers Global Internet Downtime On Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/06/21602052/akamai-failure-triggers-global-internet-downtime-on-thursday-bloomberg><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Multiple websites operated by financial institutions, governments, and airlines, including Hong Kong Exchanges & Clearing Ltd and Australia’s central bank, went offline briefly in the second global ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/06/21602052/akamai-failure-triggers-global-internet-downtime-on-thursday-bloomberg\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AKAM":"阿克迈","SHOP":"Shopify Inc","AMZN":"亚马逊"},"source_url":"https://www.benzinga.com/news/21/06/21602052/akamai-failure-triggers-global-internet-downtime-on-thursday-bloomberg","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161446890","content_text":"Multiple websites operated by financial institutions, governments, and airlines, including Hong Kong Exchanges & Clearing Ltd and Australia’s central bank, went offline briefly in the second global internet outage on Thursday, Bloomberg reports.\nWhat Happened: Akamai Technologies Inc’s network glitch affected the likes of Commonwealth Bank of Australia, Westpac Banking Corp WBK 0.1%, and Australia & New Zealand Banking Group Ltd.\nThe Reserve Bank of Australia had to cancel a scheduled bond-buying operation due to the glitch. The central bank reportedly adopted workarounds and fixed the website.\nContent delivery platform Fastly Inc’s (NYSE: FSLY) software failure had triggered an hour-long global outage this month. The outage affected the likes of Amazon.com Inc, Shopify Inc , and Stripe Inc. Fastly quickly identified the issue and fixed it within 46 minutes after acknowledging the problem. Sites were also promptly restored.\nAkamai acknowledged the issue and was actively working to restore services as soon as possible.\nWebsite tracker Downdetector.com initially highlighted hundreds of user complaints about outages affecting Southwest Airlines Co, Delta Air Lines Inc, and Automatic Data Processing Inc. Vanguard, E-Trade, and Navy Federal Credit Union-operated websites were also affected.\nWhy It Matters: Many of the websites affected on Thursday recovered within the hour. Some websites recovered after rerouting to other providers. Companies, including Hong Kong’s exchange and Southwest, were investigating the incident. The outage did not affect Southwest’s operations.\nAkamai features high-level website and application hosting services that large enterprises use to serve content to millions of users simultaneously.\nFastly’s edge computing model places servers in multiple locations to help websites serve users from the closest physical site. The model reduces the lag time, speeds up page-loading, and distributes the load on individual servers.\nPrice action: AKAM shares closed lower by 1.26% at $116.69 on Wednesday.","news_type":1,"symbols_score_info":{"AKAM":0.9,"AMZN":0.9,"SHOP":0.9}},"isVote":1,"tweetType":1,"viewCount":2505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161640435,"gmtCreate":1623924942127,"gmtModify":1634025813780,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161640435","repostId":"2144271757","repostType":4,"isVote":1,"tweetType":1,"viewCount":1007,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169691416,"gmtCreate":1623831557635,"gmtModify":1634027422359,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169691416","repostId":"1145814445","repostType":4,"repost":{"id":"1145814445","kind":"news","pubTimestamp":1623828949,"share":"https://www.laohu8.com/m/news/1145814445?lang=&edition=full","pubTime":"2021-06-16 15:35","market":"hk","language":"en","title":"Air travel in Asia won’t return to pre-Covid levels ‘anytime soon,’ says Singapore minister","url":"https://stock-news.laohu8.com/highlight/detail?id=1145814445","media":"CNBC","summary":"KEY POINTS\n\nSingapore’s Finance Minister Lawrence Wong said “open and free” air travel within Asia r","content":"<div>\n<p>KEY POINTS\n\nSingapore’s Finance Minister Lawrence Wong said “open and free” air travel within Asia remains unlikely in the near term as parts of the region battle with an increase in Covid-19 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/singapore-finance-minister-lawrence-wong-on-air-travel-covid-outbreak.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Air travel in Asia won’t return to pre-Covid levels ‘anytime soon,’ says Singapore minister</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; 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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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nAir travel in Asia won’t return to pre-Covid levels ‘anytime soon,’ says Singapore minister\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 15:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/singapore-finance-minister-lawrence-wong-on-air-travel-covid-outbreak.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSingapore’s Finance Minister Lawrence Wong said “open and free” air travel within Asia remains unlikely in the near term as parts of the region battle with an increase in Covid-19 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/singapore-finance-minister-lawrence-wong-on-air-travel-covid-outbreak.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C6L.SI":"新加坡航空公司","00293":"国泰航空"},"source_url":"https://www.cnbc.com/2021/06/16/singapore-finance-minister-lawrence-wong-on-air-travel-covid-outbreak.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1145814445","content_text":"KEY POINTS\n\nSingapore’s Finance Minister Lawrence Wong said “open and free” air travel within Asia remains unlikely in the near term as parts of the region battle with an increase in Covid-19 infections.\nInternational travel came to sudden halt in the past year due to the pandemic, and that’s hurt Singapore’s aviation and tourism sectors — two major contributors to economic growth.\nSingapore experienced a renewed rise in Covid cases last month, but tighter restrictions have been working and that allows the country to gradually open up again, said Wong.\n\nSINGAPORE — Singapore’s Finance Minister Lawrence Wong said “open and free” air travel in Asia remains unlikely in the near term as parts of the region battle with an increase in Covid-19 infections.\n“I am somewhat less sanguine about the prospects for air travel,” Wong told Martin Soong as part of the virtual CNBC Evolve Global Summit.\n“The region is still facing rolling waves of infection, and vaccination rates for many countries in the region are still not high enough. So I don’t think we will be able to see open and free travel in the region, in particular, any time soon,” said the minister who also co-chairs Singapore’s coronavirus task force.\nSingapore is a Southeast Asian city-state with no domestic air travel market. International travel came to a sudden halt in the past year due to the pandemic, and that’s hurt Singapore’s aviation and tourism sectors — two major contributors to economic growth.\nWong said the Singapore government continues to talk with its counterparts in the region about setting up “safe travel lanes.” He didn’t name the places Singapore is in talks.\n“Perhaps amongst the countries with low and stable infections, we may have some travel arrangements. Perhaps for vaccinated travelers, there may be some benefits in terms of shorter quarantine times,” said the minister.\n“But for the most part ... all of that is not going to add up to what we used to have pre-Covid. So air travel, I’m afraid, will take some time to recover,” Wong added.\n\nSingapore has an air travel bubble agreement with Hong Kong that will allowtravelers to skip quarantine. But the launch of the scheme has been postponed twice — first from November and then again in May — due to renewed Covid outbreaks in either cities.\nLast week, the prime ministers of Singapore and Australia said they will work toward an air travel bubble arrangement between the two countries.\nSingapore’s Covid situation\nAsia, where the coronavirus was first detected, saw a spike in infections in recent months. Places ranging from developing nations to more developed economies including Japan and Taiwan had a resurgence in cases.\nSingapore also experienced a renewed rise in cases last month after previous successes in containing the outbreak — which led the government to tighten social-distancing measures.\nWong said those measures have been working and that allows the country to gradually ease restrictions again. But he warned that the situation could be unpredictable.\n“You know, with this virus, you can never tell what happens in the next few days, because … there will always be surprises. It’s a very tricky virus. Each time you think you have it under control, it pops up in a new direction,” said Wong.\nThe minister reiterated the government’s goal of having at least 50% of the population fully vaccinated by August.\nSingapore appears on track to meet that goal. Around 2.7 million people — or 47% of the country’s population — have received at least the first dose of Covid vaccine as of Monday, according to the latest health ministry data.","news_type":1,"symbols_score_info":{"00293":0.9,"C6L.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":985,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184557750,"gmtCreate":1623719791570,"gmtModify":1634029639326,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184557750","repostId":"2143178756","repostType":4,"isVote":1,"tweetType":1,"viewCount":1839,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185695603,"gmtCreate":1623645011902,"gmtModify":1634030708175,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185695603","repostId":"1148565686","repostType":4,"isVote":1,"tweetType":1,"viewCount":2588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186095750,"gmtCreate":1623464484570,"gmtModify":1634032833549,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"Tiger is here","listText":"Tiger is here","text":"Tiger is here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186095750","repostId":"1156453091","repostType":4,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://www.laohu8.com/m/news/1156453091?lang=&edition=full","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"以史为鉴，美国通胀飙升后的演绎与影响","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。<b>美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。</b>我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：</p>\n<p><b>1960年以来美国CPI同比破5%出现了4次</b>(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。</p>\n<p><b>1968/06-1971/09</b>：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。</p>\n<p><b>1973/03-1982/11：</b>粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。</p>\n<p><b>1987/08-1991/07：</b>走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。</p>\n<p><b>2007/11-2008/09：</b>油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。</p>\n<p><b>当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。</b></p>\n<p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p>\n<p><b>本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。</b>今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是<b>从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。</b></p>\n<p><b>对于今年通胀的演绎，我们重点关注二手车和房租两个分项。</b></p>\n<p><b>通胀的主要推力之一为二手车。</b>东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。</p>\n<p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p>\n<p><b>房租价格走势对未来通胀的演绎有重要影响。</b>美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们<b>预计受到供给短缺的影响，未来房租将会持续温和地上升</b>。</p>\n<p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p>\n<p><b>通胀预期走势如何?</b></p>\n<p>从消费者的角度，密西根预期通胀率数据显示，2<b>021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。</b></p>\n<p>从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为<b>共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。</b></p>\n<p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p>\n<p><b>未来通胀将会怎样影响资产价格?</b></p>\n<p>我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：<b>通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。</b>有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。</p>\n<p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p>\n<p><b>风险提示：</b>美联储过快收紧货币政策，地缘政治风险加剧</p>\n<hr>\n<p>恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">【七周年有奖活动】老虎大搜查 </a>了解）</p>\n<p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>以史为鉴，美国通胀飙升后的演绎与影响</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; 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margin: 0;line-height: 11px;}\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\">\n以史为鉴，美国通胀飙升后的演绎与影响\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 21:58 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.zhitongcaijing.com/content/detail/492521.html><strong>川阅全球宏观</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186092695,"gmtCreate":1623464447617,"gmtModify":1634032834592,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"Tiger is here","listText":"Tiger is here","text":"Tiger is here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186092695","repostId":"1140839418","repostType":4,"repost":{"id":"1140839418","kind":"news","pubTimestamp":1623382205,"share":"https://www.laohu8.com/m/news/1140839418?lang=&edition=full","pubTime":"2021-06-11 11:30","market":"us","language":"zh","title":"一张图读懂滴滴招股书：遍布15国，日均单量4100万","url":"https://stock-news.laohu8.com/highlight/detail?id=1140839418","media":"腾讯科技","summary":"6月11日消息，美国当地时间周四，$滴滴出行 $的运营主体小桔快智向美国证券交易委员会提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。","content":"<p>6月11日消息，美国当地时间周四，<a href=\"https://laohu8.com/S/DIDI\">滴滴出行</a>的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。</p>\n<p>根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。</p>\n<p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p>\n<hr>\n<p>恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">【七周年有奖活动】老虎大搜查</a> 了解）<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>\n<p></p>","source":"txkj","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>一张图读懂滴滴招股书：遍布15国，日均单量4100万</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n一张图读懂滴滴招股书：遍布15国，日均单量4100万\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 11:30 北京时间&nbsp;&nbsp;&nbsp;<a href=https://new.qq.com/rain/a/20210611A02NC800><strong>腾讯科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机...</p>\n\n<a href=\"https://new.qq.com/rain/a/20210611A02NC800\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b9f14473f3e986de32cc80f6fd80b679","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://new.qq.com/rain/a/20210611A02NC800","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140839418","content_text":"6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。\n\n\n恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":1701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181149501,"gmtCreate":1623380655403,"gmtModify":1634033961975,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/181149501","repostId":"1147547408","repostType":4,"isVote":1,"tweetType":1,"viewCount":952,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115362838,"gmtCreate":1622952218924,"gmtModify":1634096637496,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/115362838","repostId":"1156802172","repostType":4,"isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118017068,"gmtCreate":1622707769054,"gmtModify":1634098938356,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/118017068","repostId":"2140440929","repostType":4,"isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113784176,"gmtCreate":1622641060595,"gmtModify":1634099683938,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/113784176","repostId":"1151303665","repostType":4,"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135528479,"gmtCreate":1622171129191,"gmtModify":1634183162107,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/135528479","repostId":"1148985369","repostType":4,"isVote":1,"tweetType":1,"viewCount":627,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132264878,"gmtCreate":1622092622894,"gmtModify":1634183896839,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/132264878","repostId":"2138146231","repostType":4,"repost":{"id":"2138146231","kind":"news","pubTimestamp":1622083020,"share":"https://www.laohu8.com/m/news/2138146231?lang=&edition=full","pubTime":"2021-05-27 10:37","market":"us","language":"en","title":"Apple CEO Tim Cook is right — A more open iPhone could carry a hidden cost for consumers","url":"https://stock-news.laohu8.com/highlight/detail?id=2138146231","media":"Yahoo Finance","summary":"It's true an open App Store is more dangerous, and that helps Apple\nIn his first-ever court appearan","content":"<h3><b>It's true an open App Store is more dangerous, and that helps Apple</b></h3>\n<p>In his first-ever court appearance, Apple (AAPL) CEO Tim Cook on Friday laid out his case for why Apple should be the only company to sell apps on the iPhone, saying that allowing third-party app stores would expose consumers to malware and hackers.</p>\n<p>Testifying in game developer Epic’s antitrust suit against Apple, Cook called the notion of putting third-party app stores on the iPhone “an experiment I wouldn’t want to run.” He’s not alone, either. According to New York University Tandon School of Engineering professor Justin Cappos, opening up the iPhone would imperil every iPhone owner.</p>\n<p>“I think there's a very clear line to draw to say that if you let basically people go and run their own effective app stores,” Cappos told Yahoo Finance, “even if they're installing things like kind of within an app, the potential for malicious code and malicious behavior on the iPhone increases dramatically.”</p>\n<p>Of course, there’s more to Apple’s objection to having third-party app stores on the iPhone than simply protecting consumers. There’s also the 30% fee Apple collects on the sale of many apps and in-app purchases made through the App Store.</p>\n<p>In other words, while Apple is right that it’s protecting consumers, its App Store dominance is not purely altruistic. And Apple’s argument that it’s safeguarding consumer data might not be enough to shield it from antitrust enforcement over an App Store store that House Democrats found enabled the tech giant to “generate supra-normal profits.”</p>\n<h3><b>Cook is right about Apple’s exceptional malware prevention</b></h3>\n<p>In the closely watched suit, Epic claims that Apple abuses its monopoly power over the App Store by forcing developers to use its proprietary payment system and paying Apple a 30% fee on sales of apps and in-app purchases. (Apple charges a 15% commission for developers that make less than $1 million a year.)</p>\n<p>In a coordinated campaign that kicked off last summer, Epic deployed an update for its game “Fortnite” that included the option to pay for in-game currency through Apple’s App Store or Epic’s own payment option, which was, naturally, less expensive.</p>\n<p>Apple responded by taking down “Fortnite” and cutting off Epic from Apple’s developer program. To remedy the situation, Epic filed its antitrust suit against Apple seeking to cut out the 30% fee or allow third-party app stores on the iPhone. Closing arguments in the bench trial were Monday, and Judge Yvonne Gonzalez Rogers is expected to make her decision in the coming weeks.</p>\n<p><img src=\"https://static.tigerbbs.com/ba157cafb4d57bb881608f0798e2be66\" tg-width=\"6720\" tg-height=\"4480\" referrerpolicy=\"no-referrer\">Epic Games CEO Tim Sweeney arrives at the United States District Court on May 20, 2021 in Oakland, California. (Photo by Philip Pacheco/Getty Images)Philip Pacheco via Getty Images</p>\n<p>Epic argues that if third-party app stores existed on the iPhone, developers would be able to lower the prices of their apps since they wouldn’t have to account for the 30% Apple charges.</p>\n<p>But in his testimony, Cook suggested opening up the iPhone would come with grave risks.</p>\n<p>He provided a stark contrast between the amount of malware on Apple’s iOS versus Google’s (GOOG, GOOGL) Android and Microsoft’s (MSFT) Windows, which do allow third-party app stores.</p>\n<p>Cook told the judge that while iOS devices account for 1% to 2% of all malware infections, Android and Windows devices account for 30% to 40%. “If you look at malware on iOS versus Android and Windows, it’s literally an off-the-chart level,” he said.</p>\n<h3><b>Uneven update usage and third-party app stores put users in danger</b></h3>\n<p>Cook’s argument is backed up by Nokia’s 2020 Threat Intelligence Report, which states that 26.64% of all malware infections come from Android devices. That’s down from 47.15% in 2019, which Nokia attributes to better security on Android as well as a new focus by malware creators on Internet of Things (IoT) devices.</p>\n<p>Windows PCs, meanwhile, are responsible for 38.92% of all malware infections. Apple’s iPhone was responsible for just 1.72% of all malware infections — though that’s up from 0.85% in 2019. The remainder of attacks have impacted IoT devices.</p>\n<p>Why the differences between the three operating systems? Cappos says it has to do with a number of factors including the rate at which iOS devices are updated to the latest version of the operating system compared to Android and Windows devices, which are typically behind the curve in using the latest software.</p>\n<p><img src=\"https://static.tigerbbs.com/d437c1c25a14c53c46ef3996b287e83e\" tg-width=\"5000\" tg-height=\"3333\" referrerpolicy=\"no-referrer\">The iPhone is safer than other devices, because, among other things, it isn't open to third-party app stores. (Photo by Zhang Peng/LightRocket via Getty Images)Zhang Peng via Getty Images</p>\n<p>Operating system updates can patch errors that hackers can exploit with malware, making devices harder to crack. It also doesn’t hurt that Android and Windows are two of the most used operating systems in the world, which makes them especially appealing targets for cybercriminals.</p>\n<p>Both Apple and Google have automated processes that detect malicious software in their stores, but Google has run into trouble by allowing consumers to access third-party app stores. Most security experts will tell you to avoid downloading apps from third-party stores due to the increased risk of malware.</p>\n<p>Windows, meanwhile, allows users to download apps through its own Windows Store, or anywhere on the web, which is especially dangerous for consumers who aren’t savvy enough to know if they’re downloading from a legitimate source, or a front for malware.</p>\n<h3><b>Security might not be enough to protect Apple</b></h3>\n<p>Apple doesn’t break out revenue for its App Store sales, instead lumping it together with its Services segment. Still, that business, which includes Apple TV+, Apple Music+, and iCloud subscriptions, pulled in $53.7 billion in 2020, or roughly 20% of Apple’s $274 billion in total revenue for the year. All of that is to say, Apple’s App Store makes a boatload of money for the company.</p>\n<p>And that, combined with the company’s App Store controls, may mean that even its safety argument will come up empty in court. Syracuse University College of Law professor Shubha Ghosh told Yahoo Finance that for Apple’s gambit to pay off, it would have needed to show that its business practices justified its security concerns. And a 30% fee and security might not go hand in hand in Judge Gonzalez Rogers’ eyes.</p>\n<p>But security might not even be a big concern for the judge, explained Cardozo School of Law professor Sam Weinstein. “Antitrust courts don't care so much about safety — they care about competition. So I'm wondering if that's ever been a persuasive argument,” he said.</p>\n<p>It’s now up to Judge Gonzalez Rogers to determine if Apple should be forced to open up iOS to third-party stores. If not, the company could also be required to cut its store fees, or allow app developers to offer their own payment systems, cutting into Apple’s profits.</p>\n<p>If Apple comes out on top, though, the company still has to contend with regulators in both the U.S. and the European Union, which have been looking into the company’s App Store practices, as well. And then there’s the potential for new antitrust legislation here at home. In other words, Apple shouldn't count on holding onto its App Store revenue forever.</p>","source":"yahoofinance","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>Apple CEO Tim Cook is right — A more open iPhone could carry a hidden cost for consumers</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nApple CEO Tim Cook is right — A more open iPhone could carry a hidden cost for consumers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 10:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-tim-cook-right-a-more-open-iphone-will-save-you-money-but-is-more-dangerous-194514373.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's true an open App Store is more dangerous, and that helps Apple\nIn his first-ever court appearance, Apple (AAPL) CEO Tim Cook on Friday laid out his case for why Apple should be the only company ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-tim-cook-right-a-more-open-iphone-will-save-you-money-but-is-more-dangerous-194514373.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/05deca421ab08d96f218734116cf78d8","relate_stocks":{"MSFT":"微软","03086":"华夏纳指","GOOGL":"谷歌A","09086":"华夏纳指-U","AAPL":"苹果","GOOG":"谷歌"},"source_url":"https://finance.yahoo.com/news/apple-tim-cook-right-a-more-open-iphone-will-save-you-money-but-is-more-dangerous-194514373.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138146231","content_text":"It's true an open App Store is more dangerous, and that helps Apple\nIn his first-ever court appearance, Apple (AAPL) CEO Tim Cook on Friday laid out his case for why Apple should be the only company to sell apps on the iPhone, saying that allowing third-party app stores would expose consumers to malware and hackers.\nTestifying in game developer Epic’s antitrust suit against Apple, Cook called the notion of putting third-party app stores on the iPhone “an experiment I wouldn’t want to run.” He’s not alone, either. According to New York University Tandon School of Engineering professor Justin Cappos, opening up the iPhone would imperil every iPhone owner.\n“I think there's a very clear line to draw to say that if you let basically people go and run their own effective app stores,” Cappos told Yahoo Finance, “even if they're installing things like kind of within an app, the potential for malicious code and malicious behavior on the iPhone increases dramatically.”\nOf course, there’s more to Apple’s objection to having third-party app stores on the iPhone than simply protecting consumers. There’s also the 30% fee Apple collects on the sale of many apps and in-app purchases made through the App Store.\nIn other words, while Apple is right that it’s protecting consumers, its App Store dominance is not purely altruistic. And Apple’s argument that it’s safeguarding consumer data might not be enough to shield it from antitrust enforcement over an App Store store that House Democrats found enabled the tech giant to “generate supra-normal profits.”\nCook is right about Apple’s exceptional malware prevention\nIn the closely watched suit, Epic claims that Apple abuses its monopoly power over the App Store by forcing developers to use its proprietary payment system and paying Apple a 30% fee on sales of apps and in-app purchases. (Apple charges a 15% commission for developers that make less than $1 million a year.)\nIn a coordinated campaign that kicked off last summer, Epic deployed an update for its game “Fortnite” that included the option to pay for in-game currency through Apple’s App Store or Epic’s own payment option, which was, naturally, less expensive.\nApple responded by taking down “Fortnite” and cutting off Epic from Apple’s developer program. To remedy the situation, Epic filed its antitrust suit against Apple seeking to cut out the 30% fee or allow third-party app stores on the iPhone. Closing arguments in the bench trial were Monday, and Judge Yvonne Gonzalez Rogers is expected to make her decision in the coming weeks.\nEpic Games CEO Tim Sweeney arrives at the United States District Court on May 20, 2021 in Oakland, California. (Photo by Philip Pacheco/Getty Images)Philip Pacheco via Getty Images\nEpic argues that if third-party app stores existed on the iPhone, developers would be able to lower the prices of their apps since they wouldn’t have to account for the 30% Apple charges.\nBut in his testimony, Cook suggested opening up the iPhone would come with grave risks.\nHe provided a stark contrast between the amount of malware on Apple’s iOS versus Google’s (GOOG, GOOGL) Android and Microsoft’s (MSFT) Windows, which do allow third-party app stores.\nCook told the judge that while iOS devices account for 1% to 2% of all malware infections, Android and Windows devices account for 30% to 40%. “If you look at malware on iOS versus Android and Windows, it’s literally an off-the-chart level,” he said.\nUneven update usage and third-party app stores put users in danger\nCook’s argument is backed up by Nokia’s 2020 Threat Intelligence Report, which states that 26.64% of all malware infections come from Android devices. That’s down from 47.15% in 2019, which Nokia attributes to better security on Android as well as a new focus by malware creators on Internet of Things (IoT) devices.\nWindows PCs, meanwhile, are responsible for 38.92% of all malware infections. Apple’s iPhone was responsible for just 1.72% of all malware infections — though that’s up from 0.85% in 2019. The remainder of attacks have impacted IoT devices.\nWhy the differences between the three operating systems? Cappos says it has to do with a number of factors including the rate at which iOS devices are updated to the latest version of the operating system compared to Android and Windows devices, which are typically behind the curve in using the latest software.\nThe iPhone is safer than other devices, because, among other things, it isn't open to third-party app stores. (Photo by Zhang Peng/LightRocket via Getty Images)Zhang Peng via Getty Images\nOperating system updates can patch errors that hackers can exploit with malware, making devices harder to crack. It also doesn’t hurt that Android and Windows are two of the most used operating systems in the world, which makes them especially appealing targets for cybercriminals.\nBoth Apple and Google have automated processes that detect malicious software in their stores, but Google has run into trouble by allowing consumers to access third-party app stores. Most security experts will tell you to avoid downloading apps from third-party stores due to the increased risk of malware.\nWindows, meanwhile, allows users to download apps through its own Windows Store, or anywhere on the web, which is especially dangerous for consumers who aren’t savvy enough to know if they’re downloading from a legitimate source, or a front for malware.\nSecurity might not be enough to protect Apple\nApple doesn’t break out revenue for its App Store sales, instead lumping it together with its Services segment. Still, that business, which includes Apple TV+, Apple Music+, and iCloud subscriptions, pulled in $53.7 billion in 2020, or roughly 20% of Apple’s $274 billion in total revenue for the year. All of that is to say, Apple’s App Store makes a boatload of money for the company.\nAnd that, combined with the company’s App Store controls, may mean that even its safety argument will come up empty in court. Syracuse University College of Law professor Shubha Ghosh told Yahoo Finance that for Apple’s gambit to pay off, it would have needed to show that its business practices justified its security concerns. And a 30% fee and security might not go hand in hand in Judge Gonzalez Rogers’ eyes.\nBut security might not even be a big concern for the judge, explained Cardozo School of Law professor Sam Weinstein. “Antitrust courts don't care so much about safety — they care about competition. So I'm wondering if that's ever been a persuasive argument,” he said.\nIt’s now up to Judge Gonzalez Rogers to determine if Apple should be forced to open up iOS to third-party stores. If not, the company could also be required to cut its store fees, or allow app developers to offer their own payment systems, cutting into Apple’s profits.\nIf Apple comes out on top, though, the company still has to contend with regulators in both the U.S. and the European Union, which have been looking into the company’s App Store practices, as well. And then there’s the potential for new antitrust legislation here at home. In other words, Apple shouldn't count on holding onto its App Store revenue forever.","news_type":1,"symbols_score_info":{"03086":0.9,"09086":0.9,"AAPL":0.9,"GOOG":0.9,"GOOGL":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193781281,"gmtCreate":1620820518643,"gmtModify":1634196082434,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/193781281","repostId":"1106026658","repostType":4,"isVote":1,"tweetType":1,"viewCount":629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190593742,"gmtCreate":1620630697286,"gmtModify":1634197548681,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/190593742","repostId":"2134686276","repostType":4,"isVote":1,"tweetType":1,"viewCount":444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104656500,"gmtCreate":1620388181300,"gmtModify":1634205602774,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/104656500","repostId":"1137492702","repostType":4,"repost":{"id":"1137492702","kind":"news","pubTimestamp":1620381802,"share":"https://www.laohu8.com/m/news/1137492702?lang=&edition=full","pubTime":"2021-05-07 18:03","market":"us","language":"en","title":"Tesla Saw New Registrations Drop 25% In Germany In April, While Volkswagen Saw 108% Rise","url":"https://stock-news.laohu8.com/highlight/detail?id=1137492702","media":"benzinga","summary":"Tesla Inc Asaw new registrations fall 24% year-over-year in April in Germany, while Volkswagen AG’s ","content":"<p><b>Tesla Inc</b>&nbsp;Asaw new registrations fall 24% year-over-year&nbsp;in April in Germany, while&nbsp;<b>Volkswagen AG’s</b>&nbsp;secured a 108.4% rise.</p>\n<p><b>What Happened:</b>Tesla new registrations in Germany totaled 484 in April, while in the preceding month the tally was at 3,703 — a fall of 86.93%,&nbsp;according to data released by the country's federal motor transport authority, Das Kraftfahrt-Bundesamt.</p>\n<p>Comparatively, Volkswagen saw registrations totaled 43,230 in April 2021; in March the number was 56,550, indicating&nbsp;a month-over-month fall of 23.5%.&nbsp;The automaker secured the largest share of new registrations in April at 18.8%.</p>\n<p>Notably, all German brands saw a YoY rise in registrations.&nbsp;<b>Stellantis N.V.’s</b>&nbsp;Opel and Mercedes, a marque owned by&nbsp;<b>Daimler AG</b>&nbsp;, saw registrations rise 174.6% and 158.5% respectively.</p>\n<p>Other brands that saw registrations rise include&nbsp;<b>Nissan Motor Co, Ltd</b>&nbsp;,<b>Hyundai Motor Company</b>&nbsp;, and&nbsp;<b>Mahindra &amp; Mahindra Limited</b>&nbsp;owned Ssangyong, which grew 146.1%, 135%, and 106.9% respectively.</p>\n<p><b>Why It Matters:</b>In April, it was reported that the Elon Musk-led company’s first-quarter Germanregistrations rose 83% YoY, but it was bested by Daimler’s Smart, whose registrations soared 313.8% in the same period.</p>\n<p>In April, Smart registered 2,271 vehicles, while in March that number was 2,592 vehicles —&nbsp;a fall of 12.38%.</p>\n<p>Meanwhile, Tesla’s share ofnew registrations in China continues to grow.34,635 new registrations were recorded in March of the company’s vehicles, compared with 18,155 registrations in February.</p>\n<p><b>Price Action:</b>Tesla shares closed 1.1% lower at $663.54 in Thursday’s regular session and gained 0.22% in the after-hours trading. On the same day, Volkswagen OTC shares closed 0.32% higher at $31.42.</p>","source":"lsy1606299360108","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 Saw New Registrations Drop 25% In Germany In April, While Volkswagen Saw 108% Rise</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; 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}\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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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 Saw New Registrations Drop 25% In Germany In April, While Volkswagen Saw 108% Rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-07 18:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/05/21006741/tesla-saw-new-registrations-drop-25-in-germany-in-april-while-volkswagen-saw-108-rise><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc Asaw new registrations fall 24% year-over-year in April in Germany, while Volkswagen AG’s secured a 108.4% rise.\nWhat Happened:Tesla new registrations in Germany totaled 484 in April, while ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/05/21006741/tesla-saw-new-registrations-drop-25-in-germany-in-april-while-volkswagen-saw-108-rise\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/news/21/05/21006741/tesla-saw-new-registrations-drop-25-in-germany-in-april-while-volkswagen-saw-108-rise","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137492702","content_text":"Tesla Inc Asaw new registrations fall 24% year-over-year in April in Germany, while Volkswagen AG’s secured a 108.4% rise.\nWhat Happened:Tesla new registrations in Germany totaled 484 in April, while in the preceding month the tally was at 3,703 — a fall of 86.93%, according to data released by the country's federal motor transport authority, Das Kraftfahrt-Bundesamt.\nComparatively, Volkswagen saw registrations totaled 43,230 in April 2021; in March the number was 56,550, indicating a month-over-month fall of 23.5%. The automaker secured the largest share of new registrations in April at 18.8%.\nNotably, all German brands saw a YoY rise in registrations. Stellantis N.V.’s Opel and Mercedes, a marque owned by Daimler AG , saw registrations rise 174.6% and 158.5% respectively.\nOther brands that saw registrations rise include Nissan Motor Co, Ltd ,Hyundai Motor Company , and Mahindra & Mahindra Limited owned Ssangyong, which grew 146.1%, 135%, and 106.9% respectively.\nWhy It Matters:In April, it was reported that the Elon Musk-led company’s first-quarter Germanregistrations rose 83% YoY, but it was bested by Daimler’s Smart, whose registrations soared 313.8% in the same period.\nIn April, Smart registered 2,271 vehicles, while in March that number was 2,592 vehicles — a fall of 12.38%.\nMeanwhile, Tesla’s share ofnew registrations in China continues to grow.34,635 new registrations were recorded in March of the company’s vehicles, compared with 18,155 registrations in February.\nPrice Action:Tesla shares closed 1.1% lower at $663.54 in Thursday’s regular session and gained 0.22% in the after-hours trading. On the same day, Volkswagen OTC shares closed 0.32% higher at $31.42.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104658477,"gmtCreate":1620388036099,"gmtModify":1634205603124,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/104658477","repostId":"1157328258","repostType":4,"repost":{"id":"1157328258","kind":"news","pubTimestamp":1620360165,"share":"https://www.laohu8.com/m/news/1157328258?lang=&edition=full","pubTime":"2021-05-07 12:02","market":"us","language":"en","title":"Amazon: The Most Clearly Undervalued Company","url":"https://stock-news.laohu8.com/highlight/detail?id=1157328258","media":"Seeking alpha","summary":"SummaryAmazon is one of the companies whose growth has not yet reached its limit and not even entere","content":"<p>Summary</p><ul><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.</li><li>In terms of comparative valuation, AMZN is undervalued against the market.</li><li>DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.</li></ul><p>I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.</p><p>#1 Price vs. Growth</p><p>First of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.</p><p>The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:</p><p><img src=\"https://static.tigerbbs.com/bac49a9df0e5b978dc15e20bedfce3da\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><i>Source: VisualizedAnalytics.com</i></p><p>The 'Third-Party Seller Services' segment - the exponential growth continues:</p><p><img src=\"https://static.tigerbbs.com/6b58df42726bc01c8a5e5c2940d0476d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><i>Source: VisualizedAnalytics.com</i></p><p>The 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:</p><p><i>Source: VisualizedAnalytics.com</i></p><p>The 'Other' (advertising services) segment has also showed a significant acceleration:<img src=\"https://static.tigerbbs.com/a58095394bdd79d561166a74942a9e55\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><i>Source: VisualizedAnalytics.com</i></p><p>The growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:</p><p><img src=\"https://static.tigerbbs.com/07069ccaab37c32eed56da69881e7bce\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p>Geographically, Amazon's revenue was also significantly better than the trend:</p><p><img src=\"https://static.tigerbbs.com/a1d9246e5c01aac6c62e49ad7cd73e2c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0e7276161a3d2b2159ab3d727d3cb7d9\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><i>So, statistically, not subjectively, we should recognize the acceleration of the company's growth</i><i><b>in all key segments</b></i><i>. In my opinion, this is exactly what is expected from Amazon.</i></p><p>Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:</p><p><img src=\"https://static.tigerbbs.com/f105c314902d29dae4d0f0e400aa2245\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><i>Source: VisualizedAnalytics.com</i></p><p>There is also a certain influence of the company's revenue growth rate on its multiples:</p><p><img src=\"https://static.tigerbbs.com/8beca01b5624a15aab79465c580ded6b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><i>Source: VisualizedAnalytics.com</i></p><p>Based on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:</p><p><img src=\"https://static.tigerbbs.com/083fa1dc350e5e54cc7d3145744c9e4c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d63f0cff5e0dd83343d26ee90552a033\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><i>Source: VisualizedAnalytics.com</i></p><p><i>As you can see, firstly, this model indicates that the company's current price is already</i><i><b>below the balanced level</b></i><i>. And secondly, it assumes a</i><i><b>25% growth</b></i><i>in capitalization in the next four quarters.</i></p><p>#2 Comparative Valuation</p><p>In the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:</p><p><img src=\"https://static.tigerbbs.com/97ac0310bcef622e12c8c21d46979f7e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8d7573ff8a7fc00719a51042f09fc989\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><i>As you can see, judging by this multiple, Amazon is significantly undervalued.</i></p><p>#3 Discounted Cash Flow Model</p><p>When predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:</p><p><img src=\"https://static.tigerbbs.com/9f41298db73dbcd92469026cc4e767c4\" tg-width=\"640\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><i>Source: Seeking Alpha Pro</i></p><p>When predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.</p><p>Here is the calculation of the Weighted Average Cost of Capital:</p><p><img src=\"https://static.tigerbbs.com/759163398701e54efd7cfabd11a0867d\" tg-width=\"480\" tg-height=\"374\" referrerpolicy=\"no-referrer\"><i>Source: Author</i></p><p>Some explanations:</p><ul><li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).</li><li>I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.</li><li>To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.</li></ul><p>Here is the model itself:</p><p><img src=\"https://static.tigerbbs.com/0df02bca01b3ef74d3b640d95eb00590\" tg-width=\"640\" tg-height=\"528\" referrerpolicy=\"no-referrer\">(In high resolution)</p><p><i>Source: Author</i></p><p><i>The DCF-based target price of Amazon's shares is $4,280, offering 29% upside.</i></p><p>Final thoughts</p><ol><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.</li><li>The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company is<b>undervalued</b>.</li><li>Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company is<b>much cheaper</b>than the market.</li><li>DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.</li><li>When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,<i>it is better to invest in a company facing growth problems than aging problems</i>.</li></ol>","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>Amazon: The Most Clearly Undervalued Company</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nAmazon: The Most Clearly Undervalued Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-07 12:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4424794-amazon-clearly-undervalued-company><strong>Seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAmazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.In terms of comparative valuation, AMZN is undervalued against the market.DCF-...</p>\n\n<a href=\"https://seekingalpha.com/article/4424794-amazon-clearly-undervalued-company\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4424794-amazon-clearly-undervalued-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157328258","content_text":"SummaryAmazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.In terms of comparative valuation, AMZN is undervalued against the market.DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.#1 Price vs. GrowthFirst of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:Source: VisualizedAnalytics.comThe 'Third-Party Seller Services' segment - the exponential growth continues:Source: VisualizedAnalytics.comThe 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:Source: VisualizedAnalytics.comThe 'Other' (advertising services) segment has also showed a significant acceleration:Source: VisualizedAnalytics.comThe growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:Source: VisualizedAnalytics.comGeographically, Amazon's revenue was also significantly better than the trend:Source: VisualizedAnalytics.comSo, statistically, not subjectively, we should recognize the acceleration of the company's growthin all key segments. In my opinion, this is exactly what is expected from Amazon.Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:Source: VisualizedAnalytics.comThere is also a certain influence of the company's revenue growth rate on its multiples:Source: VisualizedAnalytics.comBased on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:Source: VisualizedAnalytics.comAs you can see, firstly, this model indicates that the company's current price is alreadybelow the balanced level. And secondly, it assumes a25% growthin capitalization in the next four quarters.#2 Comparative ValuationIn the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:Source: VisualizedAnalytics.comAs you can see, judging by this multiple, Amazon is significantly undervalued.#3 Discounted Cash Flow ModelWhen predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:Source: Seeking Alpha ProWhen predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.Here is the calculation of the Weighted Average Cost of Capital:Source: AuthorSome explanations:In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.Here is the model itself:(In high resolution)Source: AuthorThe DCF-based target price of Amazon's shares is $4,280, offering 29% upside.Final thoughtsAmazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company isundervalued.Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company ismuch cheaperthan the market.DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,it is better to invest in a company facing growth problems than aging problems.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105196784,"gmtCreate":1620275900348,"gmtModify":1634206437065,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/105196784","repostId":"1144806506","repostType":4,"repost":{"id":"1144806506","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620264264,"share":"https://www.laohu8.com/m/news/1144806506?lang=&edition=full","pubTime":"2021-05-06 09:24","market":"us","language":"en","title":"Etsy slides more than 10% after it warns of slowing growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1144806506","media":"Tiger Newspress","summary":"Etsystock dropped more than 10% in after-hours trading on Wednesdayafter the company reportedfirst-q","content":"<p>Etsystock dropped more than 10% in after-hours trading on Wednesdayafter the company reportedfirst-quarter earnings results that surpassed analysts’ estimates, but warned that it expects the total sale of goods on its platform to slow in the second quarter as it faces tough comparisons to last year’s pandemic-boosted results.<img src=\"https://static.tigerbbs.com/f0b10015e6e4ac3d9851afebd05c69de\" tg-width=\"706\" tg-height=\"527\" referrerpolicy=\"no-referrer\">Here’s how the company did vs. expectations:</p><ul><li><b>Earnings:</b>$1.00 per share, adjusted, vs $0.88 expected</li><li><b>Revenue:</b>$551 million, vs $530 million expected</li></ul><p>The online marketplace forecast second-quarter gross merchandise sales between $2.8 billion and $3.1 billion, representing growth of 5% to 15% from last year’s quarter. Analysts surveyed by Refinitiv were looking for gross merchandise sales of $2.95 billion. Gross merchandise sales is a closely-watched metric in the industry that measures the total value of goods sold on the site.</p><p>“We currently expect Q2 2021 GMS to decelerate along with the rest of e-commerce as we lap the tremendous 2020 growth rates,” Etsy CEO Josh Silverman said in a statement. “That said, we’ll keep the pedal to the metal in 2021 to continue to improve our customer experiences, make Etsy top-of-mind for the millions of buyers who have found Etsy for the first time or are relying on us now more than ever, and further invest in our very large market opportunity.”</p><p>Etsy didn’t provide guidance for the full year, citing uncertainty around the coronavirus pandemic.</p><p>Etsysaw its business boomearly on in the pandemic, as shoppers turned to it and other online retailers for goods amid physical store closures and the coronavirus raged, pushing many to stay indoors. Etsy, which sells an array of handmade and vintage items, experienced“overwhelming demand”for face masks.</p><p>That demand appears to be tapering off, now that the economy continues to reopen and vaccine rollout accelerates. During the first quarter, Etsy said it sold $72 million worth of face masks, down from a peak of $346 million in the second quarter of 2020.</p><p>E-commerce companies boosted by the pandemic, including, Etsy, eBay and Wayfair, continue to face intense pressure from investors to prove their businesses can continue to grow steadily in a post-pandemic world.</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>Etsy slides more than 10% after it warns of slowing growth</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nEtsy slides more than 10% after it warns of slowing growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-06 09:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Etsystock dropped more than 10% in after-hours trading on Wednesdayafter the company reportedfirst-quarter earnings results that surpassed analysts’ estimates, but warned that it expects the total sale of goods on its platform to slow in the second quarter as it faces tough comparisons to last year’s pandemic-boosted results.<img src=\"https://static.tigerbbs.com/f0b10015e6e4ac3d9851afebd05c69de\" tg-width=\"706\" tg-height=\"527\" referrerpolicy=\"no-referrer\">Here’s how the company did vs. expectations:</p><ul><li><b>Earnings:</b>$1.00 per share, adjusted, vs $0.88 expected</li><li><b>Revenue:</b>$551 million, vs $530 million expected</li></ul><p>The online marketplace forecast second-quarter gross merchandise sales between $2.8 billion and $3.1 billion, representing growth of 5% to 15% from last year’s quarter. Analysts surveyed by Refinitiv were looking for gross merchandise sales of $2.95 billion. Gross merchandise sales is a closely-watched metric in the industry that measures the total value of goods sold on the site.</p><p>“We currently expect Q2 2021 GMS to decelerate along with the rest of e-commerce as we lap the tremendous 2020 growth rates,” Etsy CEO Josh Silverman said in a statement. “That said, we’ll keep the pedal to the metal in 2021 to continue to improve our customer experiences, make Etsy top-of-mind for the millions of buyers who have found Etsy for the first time or are relying on us now more than ever, and further invest in our very large market opportunity.”</p><p>Etsy didn’t provide guidance for the full year, citing uncertainty around the coronavirus pandemic.</p><p>Etsysaw its business boomearly on in the pandemic, as shoppers turned to it and other online retailers for goods amid physical store closures and the coronavirus raged, pushing many to stay indoors. Etsy, which sells an array of handmade and vintage items, experienced“overwhelming demand”for face masks.</p><p>That demand appears to be tapering off, now that the economy continues to reopen and vaccine rollout accelerates. During the first quarter, Etsy said it sold $72 million worth of face masks, down from a peak of $346 million in the second quarter of 2020.</p><p>E-commerce companies boosted by the pandemic, including, Etsy, eBay and Wayfair, continue to face intense pressure from investors to prove their businesses can continue to grow steadily in a post-pandemic world.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ETSY":"Etsy, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144806506","content_text":"Etsystock dropped more than 10% in after-hours trading on Wednesdayafter the company reportedfirst-quarter earnings results that surpassed analysts’ estimates, but warned that it expects the total sale of goods on its platform to slow in the second quarter as it faces tough comparisons to last year’s pandemic-boosted results.Here’s how the company did vs. expectations:Earnings:$1.00 per share, adjusted, vs $0.88 expectedRevenue:$551 million, vs $530 million expectedThe online marketplace forecast second-quarter gross merchandise sales between $2.8 billion and $3.1 billion, representing growth of 5% to 15% from last year’s quarter. Analysts surveyed by Refinitiv were looking for gross merchandise sales of $2.95 billion. Gross merchandise sales is a closely-watched metric in the industry that measures the total value of goods sold on the site.“We currently expect Q2 2021 GMS to decelerate along with the rest of e-commerce as we lap the tremendous 2020 growth rates,” Etsy CEO Josh Silverman said in a statement. “That said, we’ll keep the pedal to the metal in 2021 to continue to improve our customer experiences, make Etsy top-of-mind for the millions of buyers who have found Etsy for the first time or are relying on us now more than ever, and further invest in our very large market opportunity.”Etsy didn’t provide guidance for the full year, citing uncertainty around the coronavirus pandemic.Etsysaw its business boomearly on in the pandemic, as shoppers turned to it and other online retailers for goods amid physical store closures and the coronavirus raged, pushing many to stay indoors. Etsy, which sells an array of handmade and vintage items, experienced“overwhelming demand”for face masks.That demand appears to be tapering off, now that the economy continues to reopen and vaccine rollout accelerates. During the first quarter, Etsy said it sold $72 million worth of face masks, down from a peak of $346 million in the second quarter of 2020.E-commerce companies boosted by the pandemic, including, Etsy, eBay and Wayfair, continue to face intense pressure from investors to prove their businesses can continue to grow steadily in a post-pandemic world.","news_type":1,"symbols_score_info":{"ETSY":0.9}},"isVote":1,"tweetType":1,"viewCount":658,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":190593742,"gmtCreate":1620630697286,"gmtModify":1634197548681,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/190593742","repostId":"2134686276","repostType":4,"isVote":1,"tweetType":1,"viewCount":444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193781281,"gmtCreate":1620820518643,"gmtModify":1634196082434,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/193781281","repostId":"1106026658","repostType":4,"isVote":1,"tweetType":1,"viewCount":629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164171679,"gmtCreate":1624186354691,"gmtModify":1634009683259,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164171679","repostId":"1199331995","repostType":4,"isVote":1,"tweetType":1,"viewCount":1327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161590942,"gmtCreate":1623933112486,"gmtModify":1634025717228,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"☹️","listText":"☹️","text":"☹️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161590942","repostId":"1161446890","repostType":4,"repost":{"id":"1161446890","kind":"news","pubTimestamp":1623932536,"share":"https://www.laohu8.com/m/news/1161446890?lang=&edition=full","pubTime":"2021-06-17 20:22","market":"us","language":"en","title":"Akamai Failure Triggers Global Internet Downtime On Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1161446890","media":"benzinga","summary":"Multiple websites operated by financial institutions, governments, and airlines, including Hong Kong","content":"<p>Multiple websites operated by financial institutions, governments, and airlines, including Hong Kong Exchanges &amp; Clearing Ltd and Australia’s central bank, went offline briefly in the second global internet outage on Thursday,&nbsp;Bloomberg reports.</p>\n<p><b>What Happened: Akamai Technologies Inc’s</b>&nbsp;network glitch affected the likes of Commonwealth Bank of Australia,&nbsp;<b>Westpac Banking Corp</b>&nbsp;WBK 0.1%, and Australia &amp; New Zealand Banking Group Ltd.</p>\n<p>The Reserve Bank of Australia had to cancel a scheduled bond-buying operation due to the glitch. The central bank reportedly adopted workarounds and fixed the website.</p>\n<p>Content delivery platform<b>&nbsp;Fastly Inc’s</b>&nbsp;(NYSE:&nbsp;FSLY)&nbsp;software failure had triggered&nbsp;an hour-long global outage this month. The outage affected the likes of&nbsp;<b>Amazon.com Inc</b>,&nbsp;<b>Shopify Inc</b>&nbsp;, and Stripe Inc. Fastly quickly identified the issue and fixed it within 46 minutes after acknowledging the problem. Sites were also promptly restored.</p>\n<p>Akamai acknowledged the issue and was actively working to restore services as soon as possible.</p>\n<p>Website tracker Downdetector.com initially highlighted hundreds of user complaints about outages affecting&nbsp;<b>Southwest Airlines Co</b>,&nbsp;<b>Delta Air Lines Inc</b>, and&nbsp;<b>Automatic Data Processing Inc</b>. Vanguard, E-Trade, and Navy Federal Credit Union-operated websites were also affected.</p>\n<p><b>Why It Matters:</b>&nbsp;Many of the websites affected on Thursday recovered within the hour. Some websites recovered after rerouting to other providers. Companies, including Hong Kong’s exchange and Southwest, were investigating the incident. The outage did not affect Southwest’s operations.</p>\n<p>Akamai features high-level website and application hosting services that large enterprises use to serve content to millions of users simultaneously.</p>\n<p>Fastly’s edge computing model places servers in multiple locations to help websites serve users from the closest physical site. The model reduces the lag time, speeds up page-loading, and distributes the load on individual servers.</p>\n<p><b>Price action:</b>&nbsp;AKAM shares closed lower by 1.26% at $116.69 on Wednesday.</p>","source":"lsy1606299360108","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>Akamai Failure Triggers Global Internet Downtime On Thursday</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nAkamai Failure Triggers Global Internet Downtime On Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 20:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/06/21602052/akamai-failure-triggers-global-internet-downtime-on-thursday-bloomberg><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Multiple websites operated by financial institutions, governments, and airlines, including Hong Kong Exchanges & Clearing Ltd and Australia’s central bank, went offline briefly in the second global ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/06/21602052/akamai-failure-triggers-global-internet-downtime-on-thursday-bloomberg\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AKAM":"阿克迈","SHOP":"Shopify Inc","AMZN":"亚马逊"},"source_url":"https://www.benzinga.com/news/21/06/21602052/akamai-failure-triggers-global-internet-downtime-on-thursday-bloomberg","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161446890","content_text":"Multiple websites operated by financial institutions, governments, and airlines, including Hong Kong Exchanges & Clearing Ltd and Australia’s central bank, went offline briefly in the second global internet outage on Thursday, Bloomberg reports.\nWhat Happened: Akamai Technologies Inc’s network glitch affected the likes of Commonwealth Bank of Australia, Westpac Banking Corp WBK 0.1%, and Australia & New Zealand Banking Group Ltd.\nThe Reserve Bank of Australia had to cancel a scheduled bond-buying operation due to the glitch. The central bank reportedly adopted workarounds and fixed the website.\nContent delivery platform Fastly Inc’s (NYSE: FSLY) software failure had triggered an hour-long global outage this month. The outage affected the likes of Amazon.com Inc, Shopify Inc , and Stripe Inc. Fastly quickly identified the issue and fixed it within 46 minutes after acknowledging the problem. Sites were also promptly restored.\nAkamai acknowledged the issue and was actively working to restore services as soon as possible.\nWebsite tracker Downdetector.com initially highlighted hundreds of user complaints about outages affecting Southwest Airlines Co, Delta Air Lines Inc, and Automatic Data Processing Inc. Vanguard, E-Trade, and Navy Federal Credit Union-operated websites were also affected.\nWhy It Matters: Many of the websites affected on Thursday recovered within the hour. Some websites recovered after rerouting to other providers. Companies, including Hong Kong’s exchange and Southwest, were investigating the incident. The outage did not affect Southwest’s operations.\nAkamai features high-level website and application hosting services that large enterprises use to serve content to millions of users simultaneously.\nFastly’s edge computing model places servers in multiple locations to help websites serve users from the closest physical site. The model reduces the lag time, speeds up page-loading, and distributes the load on individual servers.\nPrice action: AKAM shares closed lower by 1.26% at $116.69 on Wednesday.","news_type":1,"symbols_score_info":{"AKAM":0.9,"AMZN":0.9,"SHOP":0.9}},"isVote":1,"tweetType":1,"viewCount":2505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168586639,"gmtCreate":1623978737421,"gmtModify":1634024883500,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168586639","repostId":"2144286417","repostType":4,"isVote":1,"tweetType":1,"viewCount":1792,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161640435,"gmtCreate":1623924942127,"gmtModify":1634025813780,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161640435","repostId":"2144271757","repostType":4,"isVote":1,"tweetType":1,"viewCount":1007,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185695603,"gmtCreate":1623645011902,"gmtModify":1634030708175,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185695603","repostId":"1148565686","repostType":4,"isVote":1,"tweetType":1,"viewCount":2588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181149501,"gmtCreate":1623380655403,"gmtModify":1634033961975,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/181149501","repostId":"1147547408","repostType":4,"isVote":1,"tweetType":1,"viewCount":952,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349702211,"gmtCreate":1617635600733,"gmtModify":1634297393881,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/349702211","repostId":"2125765476","repostType":4,"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113784176,"gmtCreate":1622641060595,"gmtModify":1634099683938,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/113784176","repostId":"1151303665","repostType":4,"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132264878,"gmtCreate":1622092622894,"gmtModify":1634183896839,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/132264878","repostId":"2138146231","repostType":4,"repost":{"id":"2138146231","kind":"news","pubTimestamp":1622083020,"share":"https://www.laohu8.com/m/news/2138146231?lang=&edition=full","pubTime":"2021-05-27 10:37","market":"us","language":"en","title":"Apple CEO Tim Cook is right — A more open iPhone could carry a hidden cost for consumers","url":"https://stock-news.laohu8.com/highlight/detail?id=2138146231","media":"Yahoo Finance","summary":"It's true an open App Store is more dangerous, and that helps Apple\nIn his first-ever court appearan","content":"<h3><b>It's true an open App Store is more dangerous, and that helps Apple</b></h3>\n<p>In his first-ever court appearance, Apple (AAPL) CEO Tim Cook on Friday laid out his case for why Apple should be the only company to sell apps on the iPhone, saying that allowing third-party app stores would expose consumers to malware and hackers.</p>\n<p>Testifying in game developer Epic’s antitrust suit against Apple, Cook called the notion of putting third-party app stores on the iPhone “an experiment I wouldn’t want to run.” He’s not alone, either. According to New York University Tandon School of Engineering professor Justin Cappos, opening up the iPhone would imperil every iPhone owner.</p>\n<p>“I think there's a very clear line to draw to say that if you let basically people go and run their own effective app stores,” Cappos told Yahoo Finance, “even if they're installing things like kind of within an app, the potential for malicious code and malicious behavior on the iPhone increases dramatically.”</p>\n<p>Of course, there’s more to Apple’s objection to having third-party app stores on the iPhone than simply protecting consumers. There’s also the 30% fee Apple collects on the sale of many apps and in-app purchases made through the App Store.</p>\n<p>In other words, while Apple is right that it’s protecting consumers, its App Store dominance is not purely altruistic. And Apple’s argument that it’s safeguarding consumer data might not be enough to shield it from antitrust enforcement over an App Store store that House Democrats found enabled the tech giant to “generate supra-normal profits.”</p>\n<h3><b>Cook is right about Apple’s exceptional malware prevention</b></h3>\n<p>In the closely watched suit, Epic claims that Apple abuses its monopoly power over the App Store by forcing developers to use its proprietary payment system and paying Apple a 30% fee on sales of apps and in-app purchases. (Apple charges a 15% commission for developers that make less than $1 million a year.)</p>\n<p>In a coordinated campaign that kicked off last summer, Epic deployed an update for its game “Fortnite” that included the option to pay for in-game currency through Apple’s App Store or Epic’s own payment option, which was, naturally, less expensive.</p>\n<p>Apple responded by taking down “Fortnite” and cutting off Epic from Apple’s developer program. To remedy the situation, Epic filed its antitrust suit against Apple seeking to cut out the 30% fee or allow third-party app stores on the iPhone. Closing arguments in the bench trial were Monday, and Judge Yvonne Gonzalez Rogers is expected to make her decision in the coming weeks.</p>\n<p><img src=\"https://static.tigerbbs.com/ba157cafb4d57bb881608f0798e2be66\" tg-width=\"6720\" tg-height=\"4480\" referrerpolicy=\"no-referrer\">Epic Games CEO Tim Sweeney arrives at the United States District Court on May 20, 2021 in Oakland, California. (Photo by Philip Pacheco/Getty Images)Philip Pacheco via Getty Images</p>\n<p>Epic argues that if third-party app stores existed on the iPhone, developers would be able to lower the prices of their apps since they wouldn’t have to account for the 30% Apple charges.</p>\n<p>But in his testimony, Cook suggested opening up the iPhone would come with grave risks.</p>\n<p>He provided a stark contrast between the amount of malware on Apple’s iOS versus Google’s (GOOG, GOOGL) Android and Microsoft’s (MSFT) Windows, which do allow third-party app stores.</p>\n<p>Cook told the judge that while iOS devices account for 1% to 2% of all malware infections, Android and Windows devices account for 30% to 40%. “If you look at malware on iOS versus Android and Windows, it’s literally an off-the-chart level,” he said.</p>\n<h3><b>Uneven update usage and third-party app stores put users in danger</b></h3>\n<p>Cook’s argument is backed up by Nokia’s 2020 Threat Intelligence Report, which states that 26.64% of all malware infections come from Android devices. That’s down from 47.15% in 2019, which Nokia attributes to better security on Android as well as a new focus by malware creators on Internet of Things (IoT) devices.</p>\n<p>Windows PCs, meanwhile, are responsible for 38.92% of all malware infections. Apple’s iPhone was responsible for just 1.72% of all malware infections — though that’s up from 0.85% in 2019. The remainder of attacks have impacted IoT devices.</p>\n<p>Why the differences between the three operating systems? Cappos says it has to do with a number of factors including the rate at which iOS devices are updated to the latest version of the operating system compared to Android and Windows devices, which are typically behind the curve in using the latest software.</p>\n<p><img src=\"https://static.tigerbbs.com/d437c1c25a14c53c46ef3996b287e83e\" tg-width=\"5000\" tg-height=\"3333\" referrerpolicy=\"no-referrer\">The iPhone is safer than other devices, because, among other things, it isn't open to third-party app stores. (Photo by Zhang Peng/LightRocket via Getty Images)Zhang Peng via Getty Images</p>\n<p>Operating system updates can patch errors that hackers can exploit with malware, making devices harder to crack. It also doesn’t hurt that Android and Windows are two of the most used operating systems in the world, which makes them especially appealing targets for cybercriminals.</p>\n<p>Both Apple and Google have automated processes that detect malicious software in their stores, but Google has run into trouble by allowing consumers to access third-party app stores. Most security experts will tell you to avoid downloading apps from third-party stores due to the increased risk of malware.</p>\n<p>Windows, meanwhile, allows users to download apps through its own Windows Store, or anywhere on the web, which is especially dangerous for consumers who aren’t savvy enough to know if they’re downloading from a legitimate source, or a front for malware.</p>\n<h3><b>Security might not be enough to protect Apple</b></h3>\n<p>Apple doesn’t break out revenue for its App Store sales, instead lumping it together with its Services segment. Still, that business, which includes Apple TV+, Apple Music+, and iCloud subscriptions, pulled in $53.7 billion in 2020, or roughly 20% of Apple’s $274 billion in total revenue for the year. All of that is to say, Apple’s App Store makes a boatload of money for the company.</p>\n<p>And that, combined with the company’s App Store controls, may mean that even its safety argument will come up empty in court. Syracuse University College of Law professor Shubha Ghosh told Yahoo Finance that for Apple’s gambit to pay off, it would have needed to show that its business practices justified its security concerns. And a 30% fee and security might not go hand in hand in Judge Gonzalez Rogers’ eyes.</p>\n<p>But security might not even be a big concern for the judge, explained Cardozo School of Law professor Sam Weinstein. “Antitrust courts don't care so much about safety — they care about competition. So I'm wondering if that's ever been a persuasive argument,” he said.</p>\n<p>It’s now up to Judge Gonzalez Rogers to determine if Apple should be forced to open up iOS to third-party stores. If not, the company could also be required to cut its store fees, or allow app developers to offer their own payment systems, cutting into Apple’s profits.</p>\n<p>If Apple comes out on top, though, the company still has to contend with regulators in both the U.S. and the European Union, which have been looking into the company’s App Store practices, as well. And then there’s the potential for new antitrust legislation here at home. In other words, Apple shouldn't count on holding onto its App Store revenue forever.</p>","source":"yahoofinance","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>Apple CEO Tim Cook is right — A more open iPhone could carry a hidden cost for consumers</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nApple CEO Tim Cook is right — A more open iPhone could carry a hidden cost for consumers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 10:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-tim-cook-right-a-more-open-iphone-will-save-you-money-but-is-more-dangerous-194514373.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's true an open App Store is more dangerous, and that helps Apple\nIn his first-ever court appearance, Apple (AAPL) CEO Tim Cook on Friday laid out his case for why Apple should be the only company ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-tim-cook-right-a-more-open-iphone-will-save-you-money-but-is-more-dangerous-194514373.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/05deca421ab08d96f218734116cf78d8","relate_stocks":{"MSFT":"微软","03086":"华夏纳指","GOOGL":"谷歌A","09086":"华夏纳指-U","AAPL":"苹果","GOOG":"谷歌"},"source_url":"https://finance.yahoo.com/news/apple-tim-cook-right-a-more-open-iphone-will-save-you-money-but-is-more-dangerous-194514373.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138146231","content_text":"It's true an open App Store is more dangerous, and that helps Apple\nIn his first-ever court appearance, Apple (AAPL) CEO Tim Cook on Friday laid out his case for why Apple should be the only company to sell apps on the iPhone, saying that allowing third-party app stores would expose consumers to malware and hackers.\nTestifying in game developer Epic’s antitrust suit against Apple, Cook called the notion of putting third-party app stores on the iPhone “an experiment I wouldn’t want to run.” He’s not alone, either. According to New York University Tandon School of Engineering professor Justin Cappos, opening up the iPhone would imperil every iPhone owner.\n“I think there's a very clear line to draw to say that if you let basically people go and run their own effective app stores,” Cappos told Yahoo Finance, “even if they're installing things like kind of within an app, the potential for malicious code and malicious behavior on the iPhone increases dramatically.”\nOf course, there’s more to Apple’s objection to having third-party app stores on the iPhone than simply protecting consumers. There’s also the 30% fee Apple collects on the sale of many apps and in-app purchases made through the App Store.\nIn other words, while Apple is right that it’s protecting consumers, its App Store dominance is not purely altruistic. And Apple’s argument that it’s safeguarding consumer data might not be enough to shield it from antitrust enforcement over an App Store store that House Democrats found enabled the tech giant to “generate supra-normal profits.”\nCook is right about Apple’s exceptional malware prevention\nIn the closely watched suit, Epic claims that Apple abuses its monopoly power over the App Store by forcing developers to use its proprietary payment system and paying Apple a 30% fee on sales of apps and in-app purchases. (Apple charges a 15% commission for developers that make less than $1 million a year.)\nIn a coordinated campaign that kicked off last summer, Epic deployed an update for its game “Fortnite” that included the option to pay for in-game currency through Apple’s App Store or Epic’s own payment option, which was, naturally, less expensive.\nApple responded by taking down “Fortnite” and cutting off Epic from Apple’s developer program. To remedy the situation, Epic filed its antitrust suit against Apple seeking to cut out the 30% fee or allow third-party app stores on the iPhone. Closing arguments in the bench trial were Monday, and Judge Yvonne Gonzalez Rogers is expected to make her decision in the coming weeks.\nEpic Games CEO Tim Sweeney arrives at the United States District Court on May 20, 2021 in Oakland, California. (Photo by Philip Pacheco/Getty Images)Philip Pacheco via Getty Images\nEpic argues that if third-party app stores existed on the iPhone, developers would be able to lower the prices of their apps since they wouldn’t have to account for the 30% Apple charges.\nBut in his testimony, Cook suggested opening up the iPhone would come with grave risks.\nHe provided a stark contrast between the amount of malware on Apple’s iOS versus Google’s (GOOG, GOOGL) Android and Microsoft’s (MSFT) Windows, which do allow third-party app stores.\nCook told the judge that while iOS devices account for 1% to 2% of all malware infections, Android and Windows devices account for 30% to 40%. “If you look at malware on iOS versus Android and Windows, it’s literally an off-the-chart level,” he said.\nUneven update usage and third-party app stores put users in danger\nCook’s argument is backed up by Nokia’s 2020 Threat Intelligence Report, which states that 26.64% of all malware infections come from Android devices. That’s down from 47.15% in 2019, which Nokia attributes to better security on Android as well as a new focus by malware creators on Internet of Things (IoT) devices.\nWindows PCs, meanwhile, are responsible for 38.92% of all malware infections. Apple’s iPhone was responsible for just 1.72% of all malware infections — though that’s up from 0.85% in 2019. The remainder of attacks have impacted IoT devices.\nWhy the differences between the three operating systems? Cappos says it has to do with a number of factors including the rate at which iOS devices are updated to the latest version of the operating system compared to Android and Windows devices, which are typically behind the curve in using the latest software.\nThe iPhone is safer than other devices, because, among other things, it isn't open to third-party app stores. (Photo by Zhang Peng/LightRocket via Getty Images)Zhang Peng via Getty Images\nOperating system updates can patch errors that hackers can exploit with malware, making devices harder to crack. It also doesn’t hurt that Android and Windows are two of the most used operating systems in the world, which makes them especially appealing targets for cybercriminals.\nBoth Apple and Google have automated processes that detect malicious software in their stores, but Google has run into trouble by allowing consumers to access third-party app stores. Most security experts will tell you to avoid downloading apps from third-party stores due to the increased risk of malware.\nWindows, meanwhile, allows users to download apps through its own Windows Store, or anywhere on the web, which is especially dangerous for consumers who aren’t savvy enough to know if they’re downloading from a legitimate source, or a front for malware.\nSecurity might not be enough to protect Apple\nApple doesn’t break out revenue for its App Store sales, instead lumping it together with its Services segment. Still, that business, which includes Apple TV+, Apple Music+, and iCloud subscriptions, pulled in $53.7 billion in 2020, or roughly 20% of Apple’s $274 billion in total revenue for the year. All of that is to say, Apple’s App Store makes a boatload of money for the company.\nAnd that, combined with the company’s App Store controls, may mean that even its safety argument will come up empty in court. Syracuse University College of Law professor Shubha Ghosh told Yahoo Finance that for Apple’s gambit to pay off, it would have needed to show that its business practices justified its security concerns. And a 30% fee and security might not go hand in hand in Judge Gonzalez Rogers’ eyes.\nBut security might not even be a big concern for the judge, explained Cardozo School of Law professor Sam Weinstein. “Antitrust courts don't care so much about safety — they care about competition. So I'm wondering if that's ever been a persuasive argument,” he said.\nIt’s now up to Judge Gonzalez Rogers to determine if Apple should be forced to open up iOS to third-party stores. If not, the company could also be required to cut its store fees, or allow app developers to offer their own payment systems, cutting into Apple’s profits.\nIf Apple comes out on top, though, the company still has to contend with regulators in both the U.S. and the European Union, which have been looking into the company’s App Store practices, as well. And then there’s the potential for new antitrust legislation here at home. In other words, Apple shouldn't count on holding onto its App Store revenue forever.","news_type":1,"symbols_score_info":{"03086":0.9,"09086":0.9,"AAPL":0.9,"GOOG":0.9,"GOOGL":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104656500,"gmtCreate":1620388181300,"gmtModify":1634205602774,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/104656500","repostId":"1137492702","repostType":4,"repost":{"id":"1137492702","kind":"news","pubTimestamp":1620381802,"share":"https://www.laohu8.com/m/news/1137492702?lang=&edition=full","pubTime":"2021-05-07 18:03","market":"us","language":"en","title":"Tesla Saw New Registrations Drop 25% In Germany In April, While Volkswagen Saw 108% Rise","url":"https://stock-news.laohu8.com/highlight/detail?id=1137492702","media":"benzinga","summary":"Tesla Inc Asaw new registrations fall 24% year-over-year in April in Germany, while Volkswagen AG’s ","content":"<p><b>Tesla Inc</b>&nbsp;Asaw new registrations fall 24% year-over-year&nbsp;in April in Germany, while&nbsp;<b>Volkswagen AG’s</b>&nbsp;secured a 108.4% rise.</p>\n<p><b>What Happened:</b>Tesla new registrations in Germany totaled 484 in April, while in the preceding month the tally was at 3,703 — a fall of 86.93%,&nbsp;according to data released by the country's federal motor transport authority, Das Kraftfahrt-Bundesamt.</p>\n<p>Comparatively, Volkswagen saw registrations totaled 43,230 in April 2021; in March the number was 56,550, indicating&nbsp;a month-over-month fall of 23.5%.&nbsp;The automaker secured the largest share of new registrations in April at 18.8%.</p>\n<p>Notably, all German brands saw a YoY rise in registrations.&nbsp;<b>Stellantis N.V.’s</b>&nbsp;Opel and Mercedes, a marque owned by&nbsp;<b>Daimler AG</b>&nbsp;, saw registrations rise 174.6% and 158.5% respectively.</p>\n<p>Other brands that saw registrations rise include&nbsp;<b>Nissan Motor Co, Ltd</b>&nbsp;,<b>Hyundai Motor Company</b>&nbsp;, and&nbsp;<b>Mahindra &amp; Mahindra Limited</b>&nbsp;owned Ssangyong, which grew 146.1%, 135%, and 106.9% respectively.</p>\n<p><b>Why It Matters:</b>In April, it was reported that the Elon Musk-led company’s first-quarter Germanregistrations rose 83% YoY, but it was bested by Daimler’s Smart, whose registrations soared 313.8% in the same period.</p>\n<p>In April, Smart registered 2,271 vehicles, while in March that number was 2,592 vehicles —&nbsp;a fall of 12.38%.</p>\n<p>Meanwhile, Tesla’s share ofnew registrations in China continues to grow.34,635 new registrations were recorded in March of the company’s vehicles, compared with 18,155 registrations in February.</p>\n<p><b>Price Action:</b>Tesla shares closed 1.1% lower at $663.54 in Thursday’s regular session and gained 0.22% in the after-hours trading. On the same day, Volkswagen OTC shares closed 0.32% higher at $31.42.</p>","source":"lsy1606299360108","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 Saw New Registrations Drop 25% In Germany In April, While Volkswagen Saw 108% Rise</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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 Saw New Registrations Drop 25% In Germany In April, While Volkswagen Saw 108% Rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-07 18:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/05/21006741/tesla-saw-new-registrations-drop-25-in-germany-in-april-while-volkswagen-saw-108-rise><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc Asaw new registrations fall 24% year-over-year in April in Germany, while Volkswagen AG’s secured a 108.4% rise.\nWhat Happened:Tesla new registrations in Germany totaled 484 in April, while ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/05/21006741/tesla-saw-new-registrations-drop-25-in-germany-in-april-while-volkswagen-saw-108-rise\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/news/21/05/21006741/tesla-saw-new-registrations-drop-25-in-germany-in-april-while-volkswagen-saw-108-rise","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137492702","content_text":"Tesla Inc Asaw new registrations fall 24% year-over-year in April in Germany, while Volkswagen AG’s secured a 108.4% rise.\nWhat Happened:Tesla new registrations in Germany totaled 484 in April, while in the preceding month the tally was at 3,703 — a fall of 86.93%, according to data released by the country's federal motor transport authority, Das Kraftfahrt-Bundesamt.\nComparatively, Volkswagen saw registrations totaled 43,230 in April 2021; in March the number was 56,550, indicating a month-over-month fall of 23.5%. The automaker secured the largest share of new registrations in April at 18.8%.\nNotably, all German brands saw a YoY rise in registrations. Stellantis N.V.’s Opel and Mercedes, a marque owned by Daimler AG , saw registrations rise 174.6% and 158.5% respectively.\nOther brands that saw registrations rise include Nissan Motor Co, Ltd ,Hyundai Motor Company , and Mahindra & Mahindra Limited owned Ssangyong, which grew 146.1%, 135%, and 106.9% respectively.\nWhy It Matters:In April, it was reported that the Elon Musk-led company’s first-quarter Germanregistrations rose 83% YoY, but it was bested by Daimler’s Smart, whose registrations soared 313.8% in the same period.\nIn April, Smart registered 2,271 vehicles, while in March that number was 2,592 vehicles — a fall of 12.38%.\nMeanwhile, Tesla’s share ofnew registrations in China continues to grow.34,635 new registrations were recorded in March of the company’s vehicles, compared with 18,155 registrations in February.\nPrice Action:Tesla shares closed 1.1% lower at $663.54 in Thursday’s regular session and gained 0.22% in the after-hours trading. On the same day, Volkswagen OTC shares closed 0.32% higher at $31.42.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104658477,"gmtCreate":1620388036099,"gmtModify":1634205603124,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/104658477","repostId":"1157328258","repostType":4,"repost":{"id":"1157328258","kind":"news","pubTimestamp":1620360165,"share":"https://www.laohu8.com/m/news/1157328258?lang=&edition=full","pubTime":"2021-05-07 12:02","market":"us","language":"en","title":"Amazon: The Most Clearly Undervalued Company","url":"https://stock-news.laohu8.com/highlight/detail?id=1157328258","media":"Seeking alpha","summary":"SummaryAmazon is one of the companies whose growth has not yet reached its limit and not even entere","content":"<p>Summary</p><ul><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.</li><li>In terms of comparative valuation, AMZN is undervalued against the market.</li><li>DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.</li></ul><p>I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.</p><p>#1 Price vs. Growth</p><p>First of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.</p><p>The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:</p><p><img src=\"https://static.tigerbbs.com/bac49a9df0e5b978dc15e20bedfce3da\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><i>Source: VisualizedAnalytics.com</i></p><p>The 'Third-Party Seller Services' segment - the exponential growth continues:</p><p><img src=\"https://static.tigerbbs.com/6b58df42726bc01c8a5e5c2940d0476d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><i>Source: VisualizedAnalytics.com</i></p><p>The 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:</p><p><i>Source: VisualizedAnalytics.com</i></p><p>The 'Other' (advertising services) segment has also showed a significant acceleration:<img src=\"https://static.tigerbbs.com/a58095394bdd79d561166a74942a9e55\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><i>Source: VisualizedAnalytics.com</i></p><p>The growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:</p><p><img src=\"https://static.tigerbbs.com/07069ccaab37c32eed56da69881e7bce\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p>Geographically, Amazon's revenue was also significantly better than the trend:</p><p><img src=\"https://static.tigerbbs.com/a1d9246e5c01aac6c62e49ad7cd73e2c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0e7276161a3d2b2159ab3d727d3cb7d9\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><i>So, statistically, not subjectively, we should recognize the acceleration of the company's growth</i><i><b>in all key segments</b></i><i>. In my opinion, this is exactly what is expected from Amazon.</i></p><p>Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:</p><p><img src=\"https://static.tigerbbs.com/f105c314902d29dae4d0f0e400aa2245\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><i>Source: VisualizedAnalytics.com</i></p><p>There is also a certain influence of the company's revenue growth rate on its multiples:</p><p><img src=\"https://static.tigerbbs.com/8beca01b5624a15aab79465c580ded6b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><i>Source: VisualizedAnalytics.com</i></p><p>Based on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:</p><p><img src=\"https://static.tigerbbs.com/083fa1dc350e5e54cc7d3145744c9e4c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d63f0cff5e0dd83343d26ee90552a033\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><i>Source: VisualizedAnalytics.com</i></p><p><i>As you can see, firstly, this model indicates that the company's current price is already</i><i><b>below the balanced level</b></i><i>. And secondly, it assumes a</i><i><b>25% growth</b></i><i>in capitalization in the next four quarters.</i></p><p>#2 Comparative Valuation</p><p>In the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:</p><p><img src=\"https://static.tigerbbs.com/97ac0310bcef622e12c8c21d46979f7e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8d7573ff8a7fc00719a51042f09fc989\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><i>As you can see, judging by this multiple, Amazon is significantly undervalued.</i></p><p>#3 Discounted Cash Flow Model</p><p>When predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:</p><p><img src=\"https://static.tigerbbs.com/9f41298db73dbcd92469026cc4e767c4\" tg-width=\"640\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><i>Source: Seeking Alpha Pro</i></p><p>When predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.</p><p>Here is the calculation of the Weighted Average Cost of Capital:</p><p><img src=\"https://static.tigerbbs.com/759163398701e54efd7cfabd11a0867d\" tg-width=\"480\" tg-height=\"374\" referrerpolicy=\"no-referrer\"><i>Source: Author</i></p><p>Some explanations:</p><ul><li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).</li><li>I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.</li><li>To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.</li></ul><p>Here is the model itself:</p><p><img src=\"https://static.tigerbbs.com/0df02bca01b3ef74d3b640d95eb00590\" tg-width=\"640\" tg-height=\"528\" referrerpolicy=\"no-referrer\">(In high resolution)</p><p><i>Source: Author</i></p><p><i>The DCF-based target price of Amazon's shares is $4,280, offering 29% upside.</i></p><p>Final thoughts</p><ol><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.</li><li>The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company is<b>undervalued</b>.</li><li>Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company is<b>much cheaper</b>than the market.</li><li>DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.</li><li>When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,<i>it is better to invest in a company facing growth problems than aging problems</i>.</li></ol>","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>Amazon: The Most Clearly Undervalued Company</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nAmazon: The Most Clearly Undervalued Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-07 12:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4424794-amazon-clearly-undervalued-company><strong>Seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAmazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.In terms of comparative valuation, AMZN is undervalued against the market.DCF-...</p>\n\n<a href=\"https://seekingalpha.com/article/4424794-amazon-clearly-undervalued-company\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4424794-amazon-clearly-undervalued-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157328258","content_text":"SummaryAmazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.In terms of comparative valuation, AMZN is undervalued against the market.DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.#1 Price vs. GrowthFirst of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:Source: VisualizedAnalytics.comThe 'Third-Party Seller Services' segment - the exponential growth continues:Source: VisualizedAnalytics.comThe 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:Source: VisualizedAnalytics.comThe 'Other' (advertising services) segment has also showed a significant acceleration:Source: VisualizedAnalytics.comThe growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:Source: VisualizedAnalytics.comGeographically, Amazon's revenue was also significantly better than the trend:Source: VisualizedAnalytics.comSo, statistically, not subjectively, we should recognize the acceleration of the company's growthin all key segments. In my opinion, this is exactly what is expected from Amazon.Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:Source: VisualizedAnalytics.comThere is also a certain influence of the company's revenue growth rate on its multiples:Source: VisualizedAnalytics.comBased on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:Source: VisualizedAnalytics.comAs you can see, firstly, this model indicates that the company's current price is alreadybelow the balanced level. And secondly, it assumes a25% growthin capitalization in the next four quarters.#2 Comparative ValuationIn the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:Source: VisualizedAnalytics.comAs you can see, judging by this multiple, Amazon is significantly undervalued.#3 Discounted Cash Flow ModelWhen predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:Source: Seeking Alpha ProWhen predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.Here is the calculation of the Weighted Average Cost of Capital:Source: AuthorSome explanations:In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.Here is the model itself:(In high resolution)Source: AuthorThe DCF-based target price of Amazon's shares is $4,280, offering 29% upside.Final thoughtsAmazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company isundervalued.Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company ismuch cheaperthan the market.DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,it is better to invest in a company facing growth problems than aging problems.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169691416,"gmtCreate":1623831557635,"gmtModify":1634027422359,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169691416","repostId":"1145814445","repostType":4,"repost":{"id":"1145814445","kind":"news","pubTimestamp":1623828949,"share":"https://www.laohu8.com/m/news/1145814445?lang=&edition=full","pubTime":"2021-06-16 15:35","market":"hk","language":"en","title":"Air travel in Asia won’t return to pre-Covid levels ‘anytime soon,’ says Singapore minister","url":"https://stock-news.laohu8.com/highlight/detail?id=1145814445","media":"CNBC","summary":"KEY POINTS\n\nSingapore’s Finance Minister Lawrence Wong said “open and free” air travel within Asia r","content":"<div>\n<p>KEY POINTS\n\nSingapore’s Finance Minister Lawrence Wong said “open and free” air travel within Asia remains unlikely in the near term as parts of the region battle with an increase in Covid-19 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/singapore-finance-minister-lawrence-wong-on-air-travel-covid-outbreak.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Air travel in Asia won’t return to pre-Covid levels ‘anytime soon,’ says Singapore minister</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; 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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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nAir travel in Asia won’t return to pre-Covid levels ‘anytime soon,’ says Singapore minister\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 15:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/singapore-finance-minister-lawrence-wong-on-air-travel-covid-outbreak.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSingapore’s Finance Minister Lawrence Wong said “open and free” air travel within Asia remains unlikely in the near term as parts of the region battle with an increase in Covid-19 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/singapore-finance-minister-lawrence-wong-on-air-travel-covid-outbreak.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C6L.SI":"新加坡航空公司","00293":"国泰航空"},"source_url":"https://www.cnbc.com/2021/06/16/singapore-finance-minister-lawrence-wong-on-air-travel-covid-outbreak.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1145814445","content_text":"KEY POINTS\n\nSingapore’s Finance Minister Lawrence Wong said “open and free” air travel within Asia remains unlikely in the near term as parts of the region battle with an increase in Covid-19 infections.\nInternational travel came to sudden halt in the past year due to the pandemic, and that’s hurt Singapore’s aviation and tourism sectors — two major contributors to economic growth.\nSingapore experienced a renewed rise in Covid cases last month, but tighter restrictions have been working and that allows the country to gradually open up again, said Wong.\n\nSINGAPORE — Singapore’s Finance Minister Lawrence Wong said “open and free” air travel in Asia remains unlikely in the near term as parts of the region battle with an increase in Covid-19 infections.\n“I am somewhat less sanguine about the prospects for air travel,” Wong told Martin Soong as part of the virtual CNBC Evolve Global Summit.\n“The region is still facing rolling waves of infection, and vaccination rates for many countries in the region are still not high enough. So I don’t think we will be able to see open and free travel in the region, in particular, any time soon,” said the minister who also co-chairs Singapore’s coronavirus task force.\nSingapore is a Southeast Asian city-state with no domestic air travel market. International travel came to a sudden halt in the past year due to the pandemic, and that’s hurt Singapore’s aviation and tourism sectors — two major contributors to economic growth.\nWong said the Singapore government continues to talk with its counterparts in the region about setting up “safe travel lanes.” He didn’t name the places Singapore is in talks.\n“Perhaps amongst the countries with low and stable infections, we may have some travel arrangements. Perhaps for vaccinated travelers, there may be some benefits in terms of shorter quarantine times,” said the minister.\n“But for the most part ... all of that is not going to add up to what we used to have pre-Covid. So air travel, I’m afraid, will take some time to recover,” Wong added.\n\nSingapore has an air travel bubble agreement with Hong Kong that will allowtravelers to skip quarantine. But the launch of the scheme has been postponed twice — first from November and then again in May — due to renewed Covid outbreaks in either cities.\nLast week, the prime ministers of Singapore and Australia said they will work toward an air travel bubble arrangement between the two countries.\nSingapore’s Covid situation\nAsia, where the coronavirus was first detected, saw a spike in infections in recent months. Places ranging from developing nations to more developed economies including Japan and Taiwan had a resurgence in cases.\nSingapore also experienced a renewed rise in cases last month after previous successes in containing the outbreak — which led the government to tighten social-distancing measures.\nWong said those measures have been working and that allows the country to gradually ease restrictions again. But he warned that the situation could be unpredictable.\n“You know, with this virus, you can never tell what happens in the next few days, because … there will always be surprises. It’s a very tricky virus. Each time you think you have it under control, it pops up in a new direction,” said Wong.\nThe minister reiterated the government’s goal of having at least 50% of the population fully vaccinated by August.\nSingapore appears on track to meet that goal. Around 2.7 million people — or 47% of the country’s population — have received at least the first dose of Covid vaccine as of Monday, according to the latest health ministry data.","news_type":1,"symbols_score_info":{"00293":0.9,"C6L.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":985,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186095750,"gmtCreate":1623464484570,"gmtModify":1634032833549,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"Tiger is here","listText":"Tiger is here","text":"Tiger is here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186095750","repostId":"1156453091","repostType":4,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://www.laohu8.com/m/news/1156453091?lang=&edition=full","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"以史为鉴，美国通胀飙升后的演绎与影响","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。<b>美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。</b>我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：</p>\n<p><b>1960年以来美国CPI同比破5%出现了4次</b>(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。</p>\n<p><b>1968/06-1971/09</b>：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。</p>\n<p><b>1973/03-1982/11：</b>粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。</p>\n<p><b>1987/08-1991/07：</b>走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。</p>\n<p><b>2007/11-2008/09：</b>油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。</p>\n<p><b>当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。</b></p>\n<p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p>\n<p><b>本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。</b>今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是<b>从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。</b></p>\n<p><b>对于今年通胀的演绎，我们重点关注二手车和房租两个分项。</b></p>\n<p><b>通胀的主要推力之一为二手车。</b>东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。</p>\n<p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p>\n<p><b>房租价格走势对未来通胀的演绎有重要影响。</b>美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们<b>预计受到供给短缺的影响，未来房租将会持续温和地上升</b>。</p>\n<p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p>\n<p><b>通胀预期走势如何?</b></p>\n<p>从消费者的角度，密西根预期通胀率数据显示，2<b>021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。</b></p>\n<p>从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为<b>共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。</b></p>\n<p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p>\n<p><b>未来通胀将会怎样影响资产价格?</b></p>\n<p>我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：<b>通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。</b>有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。</p>\n<p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p>\n<p><b>风险提示：</b>美联储过快收紧货币政策，地缘政治风险加剧</p>\n<hr>\n<p>恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">【七周年有奖活动】老虎大搜查 </a>了解）</p>\n<p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>以史为鉴，美国通胀飙升后的演绎与影响</title>\n<style 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}\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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n以史为鉴，美国通胀飙升后的演绎与影响\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 21:58 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.zhitongcaijing.com/content/detail/492521.html><strong>川阅全球宏观</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115362838,"gmtCreate":1622952218924,"gmtModify":1634096637496,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/115362838","repostId":"1156802172","repostType":4,"isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106183517,"gmtCreate":1620093278039,"gmtModify":1634207874331,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106183517","repostId":"1186579809","repostType":4,"isVote":1,"tweetType":1,"viewCount":93,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321735738,"gmtCreate":1615469479324,"gmtModify":1703489486106,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321735738","repostId":"2118603672","repostType":4,"isVote":1,"tweetType":1,"viewCount":303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184557750,"gmtCreate":1623719791570,"gmtModify":1634029639326,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184557750","repostId":"2143178756","repostType":4,"isVote":1,"tweetType":1,"viewCount":1839,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186092695,"gmtCreate":1623464447617,"gmtModify":1634032834592,"author":{"id":"3557541474755054","authorId":"3557541474755054","name":"RG3","avatar":"https://static.tigerbbs.com/25ed8f3fe21995abb8e60f241daaa174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557541474755054","authorIdStr":"3557541474755054"},"themes":[],"htmlText":"Tiger is here","listText":"Tiger is here","text":"Tiger is here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186092695","repostId":"1140839418","repostType":4,"repost":{"id":"1140839418","kind":"news","pubTimestamp":1623382205,"share":"https://www.laohu8.com/m/news/1140839418?lang=&edition=full","pubTime":"2021-06-11 11:30","market":"us","language":"zh","title":"一张图读懂滴滴招股书：遍布15国，日均单量4100万","url":"https://stock-news.laohu8.com/highlight/detail?id=1140839418","media":"腾讯科技","summary":"6月11日消息，美国当地时间周四，$滴滴出行 $的运营主体小桔快智向美国证券交易委员会提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。","content":"<p>6月11日消息，美国当地时间周四，<a href=\"https://laohu8.com/S/DIDI\">滴滴出行</a>的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。</p>\n<p>根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。</p>\n<p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p>\n<hr>\n<p>恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">【七周年有奖活动】老虎大搜查</a> 了解）<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>\n<p></p>","source":"txkj","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>一张图读懂滴滴招股书：遍布15国，日均单量4100万</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; 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.h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n一张图读懂滴滴招股书：遍布15国，日均单量4100万\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 11:30 北京时间&nbsp;&nbsp;&nbsp;<a href=https://new.qq.com/rain/a/20210611A02NC800><strong>腾讯科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机...</p>\n\n<a href=\"https://new.qq.com/rain/a/20210611A02NC800\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b9f14473f3e986de32cc80f6fd80b679","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://new.qq.com/rain/a/20210611A02NC800","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140839418","content_text":"6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。\n\n\n恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":1701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}