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2021-11-29

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Buyout Boom Gains Steam in Record Year for Private Equity<blockquote>私募股权收购热潮在创纪录的一年中势头强劲</blockquote>

2021-11-29

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IBM Cast Off Kyndryl. Here’s What Investors Should Do With the Stock<blockquote>IBM放弃了Kyndryl。以下是投资者应该如何处理该股票</blockquote>

2021-11-29

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2021-11-29

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2021-11-29

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November jobs report: What to know this week<blockquote>11 月就业报告：本周须知</blockquote>

2021-11-27

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2021-11-27

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2021-11-27

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Amazon faces Black Friday strikes by workers across Europe<blockquote>亚马逊面临欧洲各地工人的黑色星期五罢工</blockquote>

2021-11-27

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2021-11-25

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Stock Wars: Ford Vs. Tesla<blockquote>股票大战：福特与特斯拉</blockquote>

2021-11-25

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Peloton Has Tumbled From Its Peak. What to Do With Your Beaten-Down Shares.<blockquote>Peloton 已经从巅峰时期跌落。如何处理你被打压的股票。</blockquote>

2021-11-25

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GAME Stock: 6 Reasons Why Engine Gaming and Media Investors Are Feeling Thankful Today<blockquote>游戏股票：Engine Gaming 和媒体投资者今天心存感激的 6 个原因</blockquote>

2021-11-25

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2021-11-24

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Tesla Insurance: A New And Exciting Frontier<blockquote>特斯拉保险：一个令人兴奋的新领域</blockquote>

2021-11-24

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2021-11-24

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2021-11-24

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2021-11-24

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2021-11-23

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2021-11-23

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Powell, Brainard nominated as Fed's 1-2 punch. What's next?<blockquote>鲍威尔，布雷纳德被提名为美联储的1-2拳。下一步是什么？</blockquote>

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pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600661239","repostId":"1160593477","repostType":4,"repost":{"id":"1160593477","kind":"news","pubTimestamp":1638145914,"share":"https://www.laohunote.com/m/news/1160593477?lang=zh_CN&edition=full","pubTime":"2021-11-29 08:31","market":"us","language":"en","title":"Buyout Boom Gains Steam in Record Year for Private Equity<blockquote>私募股权收购热潮在创纪录的一年中势头强劲</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160593477","media":"Wall Street Journal","summary":"Big leveraged buyouts are back, and this year’s crop might just be a taste of things to come.\nPrivat","content":"<p>Big leveraged buyouts are back, and this year’s crop might just be a taste of things to come.</p><p><blockquote>大型杠杆收购又回来了，今年的收购可能只是未来的一个预兆。</blockquote></p><p> Private-equity firms have announced a record $944.4 billion worth of buyouts in the U.S. so far this year, 2.5 times the volume in the same period last year and more than double that of the previous peak in 2007, according to Dealogic. So far this year, there have been five $10 billion-plus deals in the U.S., equaling the total in all of 2007, though still below the high-water mark of nine in 2006.</p><p><blockquote>Dealogic 的数据显示，今年迄今为止，私募股权公司已宣布在美国进行创纪录的 9,444 亿美元收购，是去年同期交易量的 2.5 倍，是 2007 年上一次峰值的两倍多。今年到目前为止，美国已经有5笔超过100亿美元的交易，相当于2007年全年的总数，尽管仍低于2006年9笔的高潮。</blockquote></p><p> Driving the urge to go big are the&nbsp;billions of dollars flowing into private-equity coffers&nbsp;as institutions such as pension funds seek higher returns in an era of low interest rates. Buyout firms have raised $314.8 billion in capital to invest in North America so far in 2021, pushing available cash earmarked for the region to a record $755.6 billion, according to data from Preqin.</p><p><blockquote>随着养老基金等机构在低利率时代寻求更高的回报，数十亿美元流入私募股权金库，推动了扩大规模的冲动。根据 Preqin 的数据，2021 年迄今为止，收购公司已筹集了 3,148 亿美元的资金用于北美投资，使该地区的可用现金达到创纪录的 7,556 亿美元。</blockquote></p><p> The fundraising shows no signs of abating, indicating the private-equity shopping spree will continue. Thoma Bravo LP, KKR &amp; Co., Carlyle Group Inc. and Permira Advisers are among those raising big new funds, each with targets ranging from $15 billion and $22 billion, Preqin data show.</p><p><blockquote>筹款没有减弱的迹象，表明私募股权的购物狂潮将继续。Preqin 数据显示，Thoma Bravo LP、KKR &amp; Co.、凯雷集团 (Carlyle Group Inc.) 和 Permira Advisers 等公司正在筹集大型新基金，每家基金的目标从 150 亿美元到 220 亿美元不等。</blockquote></p><p> As the end of the year approaches, big buyouts are coming fast and furious. A week ago , private-equity firms Bain Capital and Hellman &amp; Friedman LLC agreed to buy healthcare-technology company Athenahealth Inc.for $17 billion including debt.A week earlier, KKR and Global Infrastructure Partners LLC&nbsp;said they would buy data-center operator&nbsp;CyrusOne Inc. for nearly $12 billion. And the week before that, Advent International Corp. and Permira&nbsp;signed an $11.8 billion deal&nbsp;for cybersecurity-software firm McAfee Corp.</p><p><blockquote>随着年底的临近，大型收购正在快速而猛烈地到来。一周前，私募股权公司贝恩资本 (Bain Capital) 和 Hellman &amp; Friedman LLC 同意以 170 亿美元（包括债务）收购医疗保健技术公司 Athenahealth Inc.。一周前，KKR 和 Global Infrastructure Partners LLC 表示将收购数据中心运营商 CyrusOne Inc. 价值近 120 亿美元。此前一周，Advent International Corp.和Permira签署了一项价值118亿美元的网络安全软件公司McAfee Corp.的交易。</blockquote></p><p> The recent string of big LBOs followed the $30 billion-plus deal for medical-supply company Medline Industries Inc. that H&amp;F,BlackstoneInc.and Carlyle struck in June in the largest buyout since the 2007-08 financial crisis.</p><p><blockquote>最近一系列大型杠杆收购是在医疗用品公司 Medline Industries Inc. 达成超过 300 亿美元的交易之后发生的，H&amp;F、BlackstoneInc. 和凯雷于 6 月份达成了自 2007-08 年金融危机以来最大规模的收购。</blockquote></p><p> Many of the pre-financial crisis deals—some of which, like TXU Corp., were bigger than the current crop—struggled, leading to a decade of cautious behavior by buyout firms.</p><p><blockquote>金融危机前的许多交易——其中一些交易，如TXU公司，比当前的收购规模更大——都举步维艰，导致收购公司十年来一直谨慎行事。</blockquote></p><p> Private-equity executives say the current generation of big deals won’t suffer the same fate as TXU (renamed Energy Future Holdings Corp.), whichfiled for chapter 11 bankruptcy protection in 2014, and others of that era.</p><p><blockquote>私募股权高管表示，当代大宗交易不会遭受与 TXU（更名为 Energy Future Holdings Corp.）以及那个时代的其他公司同样的命运。</blockquote></p><p> “There is a huge difference in the level of stability of these businesses, the level of interest rates and the depth of the industry’s resources,” said John Connaughton, co-managing partner at Bain.</p><p><blockquote>“贝恩联合执行合伙人约翰-康诺顿（John Connaughton）说：”这些业务的稳定性水平、利率水平和行业资源深度存在巨大差异。</blockquote></p><p> The big deals Bain and its rivals are doing are in healthcare and technology, two fast-growing areas of the economy with room for consolidation, where scale doesn’t have to mean sacrificing returns, he said.</p><p><blockquote>他说，贝恩及其竞争对手正在进行的大交易是在医疗保健和技术领域，这两个经济快速增长的领域都有整合的空间，规模并不一定意味着牺牲回报。</blockquote></p><p> Private equity isn’t the only corner of the deals market that is surging, as lofty stock prices and low interest rates encourage transacting. The IPO market is alsorunning at a record pace, and merger volume in the U.S. istwice last year’s level, according to Dealogic.</p><p><blockquote>私募股权并不是交易市场中唯一蓬勃发展的角落，因为高昂的股价和低利率鼓励了交易。根据 Dealogic 的数据，IPO 市场也在以创纪录的速度运行，美国的并购量是去年水平的两倍。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buyout Boom Gains Steam in Record Year for Private Equity<blockquote>私募股权收购热潮在创纪录的一年中势头强劲</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuyout Boom Gains Steam in Record Year for Private Equity<blockquote>私募股权收购热潮在创纪录的一年中势头强劲</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Wall Street Journal</strong><span class=\"h-time small\">2021-11-29 08:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Big leveraged buyouts are back, and this year’s crop might just be a taste of things to come.</p><p><blockquote>大型杠杆收购又回来了，今年的收购可能只是未来的一个预兆。</blockquote></p><p> Private-equity firms have announced a record $944.4 billion worth of buyouts in the U.S. so far this year, 2.5 times the volume in the same period last year and more than double that of the previous peak in 2007, according to Dealogic. So far this year, there have been five $10 billion-plus deals in the U.S., equaling the total in all of 2007, though still below the high-water mark of nine in 2006.</p><p><blockquote>Dealogic 的数据显示，今年迄今为止，私募股权公司已宣布在美国进行创纪录的 9,444 亿美元收购，是去年同期交易量的 2.5 倍，是 2007 年上一次峰值的两倍多。今年到目前为止，美国已经有5笔超过100亿美元的交易，相当于2007年全年的总数，尽管仍低于2006年9笔的高潮。</blockquote></p><p> Driving the urge to go big are the&nbsp;billions of dollars flowing into private-equity coffers&nbsp;as institutions such as pension funds seek higher returns in an era of low interest rates. Buyout firms have raised $314.8 billion in capital to invest in North America so far in 2021, pushing available cash earmarked for the region to a record $755.6 billion, according to data from Preqin.</p><p><blockquote>随着养老基金等机构在低利率时代寻求更高的回报，数十亿美元流入私募股权金库，推动了扩大规模的冲动。根据 Preqin 的数据，2021 年迄今为止，收购公司已筹集了 3,148 亿美元的资金用于北美投资，使该地区的可用现金达到创纪录的 7,556 亿美元。</blockquote></p><p> The fundraising shows no signs of abating, indicating the private-equity shopping spree will continue. Thoma Bravo LP, KKR &amp; Co., Carlyle Group Inc. and Permira Advisers are among those raising big new funds, each with targets ranging from $15 billion and $22 billion, Preqin data show.</p><p><blockquote>筹款没有减弱的迹象，表明私募股权的购物狂潮将继续。Preqin 数据显示，Thoma Bravo LP、KKR &amp; Co.、凯雷集团 (Carlyle Group Inc.) 和 Permira Advisers 等公司正在筹集大型新基金，每家基金的目标从 150 亿美元到 220 亿美元不等。</blockquote></p><p> As the end of the year approaches, big buyouts are coming fast and furious. A week ago , private-equity firms Bain Capital and Hellman &amp; Friedman LLC agreed to buy healthcare-technology company Athenahealth Inc.for $17 billion including debt.A week earlier, KKR and Global Infrastructure Partners LLC&nbsp;said they would buy data-center operator&nbsp;CyrusOne Inc. for nearly $12 billion. And the week before that, Advent International Corp. and Permira&nbsp;signed an $11.8 billion deal&nbsp;for cybersecurity-software firm McAfee Corp.</p><p><blockquote>随着年底的临近，大型收购正在快速而猛烈地到来。一周前，私募股权公司贝恩资本 (Bain Capital) 和 Hellman &amp; Friedman LLC 同意以 170 亿美元（包括债务）收购医疗保健技术公司 Athenahealth Inc.。一周前，KKR 和 Global Infrastructure Partners LLC 表示将收购数据中心运营商 CyrusOne Inc. 价值近 120 亿美元。此前一周，Advent International Corp.和Permira签署了一项价值118亿美元的网络安全软件公司McAfee Corp.的交易。</blockquote></p><p> The recent string of big LBOs followed the $30 billion-plus deal for medical-supply company Medline Industries Inc. that H&amp;F,BlackstoneInc.and Carlyle struck in June in the largest buyout since the 2007-08 financial crisis.</p><p><blockquote>最近一系列大型杠杆收购是在医疗用品公司 Medline Industries Inc. 达成超过 300 亿美元的交易之后发生的，H&amp;F、BlackstoneInc. 和凯雷于 6 月份达成了自 2007-08 年金融危机以来最大规模的收购。</blockquote></p><p> Many of the pre-financial crisis deals—some of which, like TXU Corp., were bigger than the current crop—struggled, leading to a decade of cautious behavior by buyout firms.</p><p><blockquote>金融危机前的许多交易——其中一些交易，如TXU公司，比当前的收购规模更大——都举步维艰，导致收购公司十年来一直谨慎行事。</blockquote></p><p> Private-equity executives say the current generation of big deals won’t suffer the same fate as TXU (renamed Energy Future Holdings Corp.), whichfiled for chapter 11 bankruptcy protection in 2014, and others of that era.</p><p><blockquote>私募股权高管表示，当代大宗交易不会遭受与 TXU（更名为 Energy Future Holdings Corp.）以及那个时代的其他公司同样的命运。</blockquote></p><p> “There is a huge difference in the level of stability of these businesses, the level of interest rates and the depth of the industry’s resources,” said John Connaughton, co-managing partner at Bain.</p><p><blockquote>“贝恩联合执行合伙人约翰-康诺顿（John Connaughton）说：”这些业务的稳定性水平、利率水平和行业资源深度存在巨大差异。</blockquote></p><p> The big deals Bain and its rivals are doing are in healthcare and technology, two fast-growing areas of the economy with room for consolidation, where scale doesn’t have to mean sacrificing returns, he said.</p><p><blockquote>他说，贝恩及其竞争对手正在进行的大交易是在医疗保健和技术领域，这两个经济快速增长的领域都有整合的空间，规模并不一定意味着牺牲回报。</blockquote></p><p> Private equity isn’t the only corner of the deals market that is surging, as lofty stock prices and low interest rates encourage transacting. The IPO market is alsorunning at a record pace, and merger volume in the U.S. istwice last year’s level, according to Dealogic.</p><p><blockquote>私募股权并不是交易市场中唯一蓬勃发展的角落，因为高昂的股价和低利率鼓励了交易。根据 Dealogic 的数据，IPO 市场也在以创纪录的速度运行，美国的并购量是去年水平的两倍。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/buyout-boom-gains-steam-in-record-year-for-private-equity-11638095402?siteid=yhoof2\">Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KKR":"KKR & Co L.P."},"source_url":"https://www.wsj.com/articles/buyout-boom-gains-steam-in-record-year-for-private-equity-11638095402?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160593477","content_text":"Big leveraged buyouts are back, and this year’s crop might just be a taste of things to come.\nPrivate-equity firms have announced a record $944.4 billion worth of buyouts in the U.S. so far this year, 2.5 times the volume in the same period last year and more than double that of the previous peak in 2007, according to Dealogic. So far this year, there have been five $10 billion-plus deals in the U.S., equaling the total in all of 2007, though still below the high-water mark of nine in 2006.\nDriving the urge to go big are the billions of dollars flowing into private-equity coffers as institutions such as pension funds seek higher returns in an era of low interest rates. Buyout firms have raised $314.8 billion in capital to invest in North America so far in 2021, pushing available cash earmarked for the region to a record $755.6 billion, according to data from Preqin.\nThe fundraising shows no signs of abating, indicating the private-equity shopping spree will continue. Thoma Bravo LP, KKR & Co., Carlyle Group Inc. and Permira Advisers are among those raising big new funds, each with targets ranging from $15 billion and $22 billion, Preqin data show.\nAs the end of the year approaches, big buyouts are coming fast and furious. A week ago , private-equity firms Bain Capital and Hellman & Friedman LLC agreed to buy healthcare-technology company Athenahealth Inc.for $17 billion including debt.A week earlier, KKR and Global Infrastructure Partners LLC said they would buy data-center operator CyrusOne Inc. for nearly $12 billion. And the week before that, Advent International Corp. and Permira signed an $11.8 billion deal for cybersecurity-software firm McAfee Corp.\nThe recent string of big LBOs followed the $30 billion-plus deal for medical-supply company Medline Industries Inc. that H&F,BlackstoneInc.and Carlyle struck in June in the largest buyout since the 2007-08 financial crisis.\nMany of the pre-financial crisis deals—some of which, like TXU Corp., were bigger than the current crop—struggled, leading to a decade of cautious behavior by buyout firms.\nPrivate-equity executives say the current generation of big deals won’t suffer the same fate as TXU (renamed Energy Future Holdings Corp.), whichfiled for chapter 11 bankruptcy protection in 2014, and others of that era.\n“There is a huge difference in the level of stability of these businesses, the level of interest rates and the depth of the industry’s resources,” said John Connaughton, co-managing partner at Bain.\nThe big deals Bain and its rivals are doing are in healthcare and technology, two fast-growing areas of the economy with room for consolidation, where scale doesn’t have to mean sacrificing returns, he said.\nPrivate equity isn’t the only corner of the deals market that is surging, as lofty stock prices and low interest rates encourage transacting. The IPO market is alsorunning at a record pace, and merger volume in the U.S. istwice last year’s level, according to Dealogic.","news_type":1,"symbols_score_info":{"KKR":0.9}},"isVote":1,"tweetType":1,"viewCount":3487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600661182,"gmtCreate":1638148036320,"gmtModify":1638148036633,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600661182","repostId":"1169118930","repostType":4,"repost":{"id":"1169118930","kind":"news","pubTimestamp":1638146156,"share":"https://www.laohunote.com/m/news/1169118930?lang=zh_CN&edition=full","pubTime":"2021-11-29 08:35","market":"us","language":"en","title":"IBM Cast Off Kyndryl. Here’s What Investors Should Do With the Stock<blockquote>IBM放弃了Kyndryl。以下是投资者应该如何处理该股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169118930","media":"Marketwatch","summary":"A key part of IBM’s turnaround story was written in early November: packaging the company’s low-marg","content":"<p>A key part of IBM’s turnaround story was written in early November: packaging the company’s low-margin, negative-growth information-technology services business, giving it a cool-sounding name, and getting it off the income statement.</p><p><blockquote>IBM 扭亏为盈故事的一个关键部分写于 11 月初：打包公司利润率低、负增长的信息技术服务业务，给它起一个听起来很酷的名字，并将其从损益表中删除。</blockquote></p><p> That’s how Kyndryl Holdings (ticker: KD) was born. The new/old company is a leading player in the IT managed services business, running data centers and other IT operations for more than 4,000 customers.</p><p><blockquote>Kyndryl Holdings（股票代码：KD）就是这样诞生的。这家新/老公司是IT托管服务业务的领先企业，为4,000多家客户运营数据中心和其他IT运营。</blockquote></p><p> Kyndryl has 90,000 employees and dominates the sector. The company had $19.1 billion in revenue, on a pro forma basis, in 2020, about twice as much as rival DXC Technology (DXC), according to Kyndryl’s spinoff documents. It has an even bigger edge on peers such as Atos (ATO.France), HCL Technologies (532281.India), Tata Consultancy Services (532540.India), and Cognizant (CTSH).</p><p><blockquote>Kyndryl 拥有 90,000 名员工，在该行业占据主导地位。根据 Kyndryl 的分拆文件，该公司 2020 年的预计收入为 191 亿美元，大约是竞争对手 DXC Technology (DXC) 的两倍。它比 Atos (ATO.France)、HCL Technologies (532281.India)、Tata Consultancy Services (532540.India) 和 Cognizant (CTSH) 等同行拥有更大的优势。</blockquote></p><p> IBM stockholders got one share of Kyndryl for every five IBM shares held.</p><p><blockquote>IBM 股东每持有五股 IBM 股票，即可获得一股 Kyndryl。</blockquote></p><p> Kyndryl CEO Martin Schroeter recently told Barron’s that he views the company as a “$19 billion start-up,” which is reconfiguring its business for a world in which more and more IT workloads are shifting to the cloud and away from data centers. He says the spinoff will let the company reposition itself for growth, using mergers and acquisitions and internal development to adjust its business mix.</p><p><blockquote>Kyndryl 首席执行官马丁-施罗特（Martin Schroeter）最近告诉《巴伦周刊》，他认为该公司是一家 “价值 190 亿美元的初创公司”，该公司正在重新配置其业务，以适应越来越多的 IT 工作负载转移到云端而远离数据中心的世界。他表示，分拆将让公司重新定位自己以实现增长，利用并购和内部发展来调整其业务结构。</blockquote></p><p> But Kyndryl is having trouble finding its own independent investor base. In late October, the stock traded above $40 on a “when issued” basis. Kyndryl opened for trading on Nov. 4 at $28.41, and has continued to fall from there.</p><p><blockquote>但 Kyndryl 很难找到自己的独立投资者基础。10 月下旬，该股 “发行时 ”的交易价格超过了 40 美元。Kyndryl 于 11 月 4 日开盘价为 28.41 美元，此后持续下跌。</blockquote></p><p> At a recent price of $17.30, Kyndryl has a market cap of just $3.9 billion. With $1.2 billion in net debt, its enterprise value comes to $5.1 billion. That gives the company an enterprise value to sales multiple of less than 0.3. There are just four companies in the S&amp;P 500 index with a multiple lower than that. DXC trades for about 0.7 times projected revenue for its March 2022 fiscal year.</p><p><blockquote>Kyndryl 最近的价格为 17.30 美元，市值仅为 39 亿美元。凭借 12 亿美元的净债务，其企业价值达到 51 亿美元。这使得该公司的企业价值与销售倍数小于 0.3。标普500指数中只有四家公司的市盈率低于这个数字。DXC 2022 年 3 月财年的交易价格约为预计收入的 0.7 倍。</blockquote></p><p> But there are reasons that IBM investors—and others—are shunning the spun-off stock. For one thing, IBM has been attractive to investors in part for its 5.6% dividend yield, the highest of any company in the Dow Jones Industrial Average, and one of the highest in the S&amp;P 500. Anyone who owns IBM for the yield isn’t interested in Kyndryl stock.</p><p><blockquote>但 IBM 投资者和其他人回避分拆股票是有原因的。一方面，IBM 对投资者具有吸引力，部分原因是其 5.6% 的股息收益率，这是道琼斯工业平均指数中最高的公司，也是标普500最高的公司之一。任何拥有 IBM 的人都不会对 Kyndryl 股票感兴趣。</blockquote></p><p> Another issue: Kyndryl doesn’t expect to show growth before 2025. The company projects 2021 revenue of $18.5 billion to $18.7 billion; at the midpoint, that’s a 2.6% decline from 2020’s level. Kyndryl sees adjusted earnings before interest, taxes, depreciation, and amortization, or Ebitda, of $2.8 billion to $2.9 billion.</p><p><blockquote>另一个问题：Kyndryl 预计在 2025 年之前不会实现增长。该公司预计2021年收入为185亿至187亿美元；在中点，这比 2020 年的水平下降了 2.6%。Kyndryl 预计调整后的息税折旧摊销前利润 (Ebitda) 为 28 亿至 29 亿美元。</blockquote></p><p> For investors, there’s little incentive to own a shrinking IT services company without a dividend yield. Short of a private-equity buyout—with the idea of revamping the company out of sight of the public markets—there are few near-term catalysts for Kyndryl stock.</p><p><blockquote>对于投资者来说，没有什么动力去拥有一家没有股息收益率的萎缩的 IT 服务公司。除了私募股权收购（即将公司从公开市场的视线之外进行改造的想法）之外，Kyndryl 股票的近期催化剂很少。</blockquote></p><p> IBM shareholders have plenty of potential upside from that company’s core business. They don’t need to hold Kyndryl stock.</p><p><blockquote>IBM 的股东可以从该公司的核心业务中获得大量潜在的上升空间。他们不需要持有 Kyndryl 股票。</blockquote></p><p></p>","source":"market_watch","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>IBM Cast Off Kyndryl. Here’s What Investors Should Do With the Stock<blockquote>IBM放弃了Kyndryl。以下是投资者应该如何处理该股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIBM Cast Off Kyndryl. Here’s What Investors Should Do With the Stock<blockquote>IBM放弃了Kyndryl。以下是投资者应该如何处理该股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-11-29 08:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A key part of IBM’s turnaround story was written in early November: packaging the company’s low-margin, negative-growth information-technology services business, giving it a cool-sounding name, and getting it off the income statement.</p><p><blockquote>IBM 扭亏为盈故事的一个关键部分写于 11 月初：打包公司利润率低、负增长的信息技术服务业务，给它起一个听起来很酷的名字，并将其从损益表中删除。</blockquote></p><p> That’s how Kyndryl Holdings (ticker: KD) was born. The new/old company is a leading player in the IT managed services business, running data centers and other IT operations for more than 4,000 customers.</p><p><blockquote>Kyndryl Holdings（股票代码：KD）就是这样诞生的。这家新/老公司是IT托管服务业务的领先企业，为4,000多家客户运营数据中心和其他IT运营。</blockquote></p><p> Kyndryl has 90,000 employees and dominates the sector. The company had $19.1 billion in revenue, on a pro forma basis, in 2020, about twice as much as rival DXC Technology (DXC), according to Kyndryl’s spinoff documents. It has an even bigger edge on peers such as Atos (ATO.France), HCL Technologies (532281.India), Tata Consultancy Services (532540.India), and Cognizant (CTSH).</p><p><blockquote>Kyndryl 拥有 90,000 名员工，在该行业占据主导地位。根据 Kyndryl 的分拆文件，该公司 2020 年的预计收入为 191 亿美元，大约是竞争对手 DXC Technology (DXC) 的两倍。它比 Atos (ATO.France)、HCL Technologies (532281.India)、Tata Consultancy Services (532540.India) 和 Cognizant (CTSH) 等同行拥有更大的优势。</blockquote></p><p> IBM stockholders got one share of Kyndryl for every five IBM shares held.</p><p><blockquote>IBM 股东每持有五股 IBM 股票，即可获得一股 Kyndryl。</blockquote></p><p> Kyndryl CEO Martin Schroeter recently told Barron’s that he views the company as a “$19 billion start-up,” which is reconfiguring its business for a world in which more and more IT workloads are shifting to the cloud and away from data centers. He says the spinoff will let the company reposition itself for growth, using mergers and acquisitions and internal development to adjust its business mix.</p><p><blockquote>Kyndryl 首席执行官马丁-施罗特（Martin Schroeter）最近告诉《巴伦周刊》，他认为该公司是一家 “价值 190 亿美元的初创公司”，该公司正在重新配置其业务，以适应越来越多的 IT 工作负载转移到云端而远离数据中心的世界。他表示，分拆将让公司重新定位自己以实现增长，利用并购和内部发展来调整其业务结构。</blockquote></p><p> But Kyndryl is having trouble finding its own independent investor base. In late October, the stock traded above $40 on a “when issued” basis. Kyndryl opened for trading on Nov. 4 at $28.41, and has continued to fall from there.</p><p><blockquote>但 Kyndryl 很难找到自己的独立投资者基础。10 月下旬，该股 “发行时 ”的交易价格超过了 40 美元。Kyndryl 于 11 月 4 日开盘价为 28.41 美元，此后持续下跌。</blockquote></p><p> At a recent price of $17.30, Kyndryl has a market cap of just $3.9 billion. With $1.2 billion in net debt, its enterprise value comes to $5.1 billion. That gives the company an enterprise value to sales multiple of less than 0.3. There are just four companies in the S&amp;P 500 index with a multiple lower than that. DXC trades for about 0.7 times projected revenue for its March 2022 fiscal year.</p><p><blockquote>Kyndryl 最近的价格为 17.30 美元，市值仅为 39 亿美元。凭借 12 亿美元的净债务，其企业价值达到 51 亿美元。这使得该公司的企业价值与销售倍数小于 0.3。标普500指数中只有四家公司的市盈率低于这个数字。DXC 2022 年 3 月财年的交易价格约为预计收入的 0.7 倍。</blockquote></p><p> But there are reasons that IBM investors—and others—are shunning the spun-off stock. For one thing, IBM has been attractive to investors in part for its 5.6% dividend yield, the highest of any company in the Dow Jones Industrial Average, and one of the highest in the S&amp;P 500. Anyone who owns IBM for the yield isn’t interested in Kyndryl stock.</p><p><blockquote>但 IBM 投资者和其他人回避分拆股票是有原因的。一方面，IBM 对投资者具有吸引力，部分原因是其 5.6% 的股息收益率，这是道琼斯工业平均指数中最高的公司，也是标普500最高的公司之一。任何拥有 IBM 的人都不会对 Kyndryl 股票感兴趣。</blockquote></p><p> Another issue: Kyndryl doesn’t expect to show growth before 2025. The company projects 2021 revenue of $18.5 billion to $18.7 billion; at the midpoint, that’s a 2.6% decline from 2020’s level. Kyndryl sees adjusted earnings before interest, taxes, depreciation, and amortization, or Ebitda, of $2.8 billion to $2.9 billion.</p><p><blockquote>另一个问题：Kyndryl 预计在 2025 年之前不会实现增长。该公司预计2021年收入为185亿至187亿美元；在中点，这比 2020 年的水平下降了 2.6%。Kyndryl 预计调整后的息税折旧摊销前利润 (Ebitda) 为 28 亿至 29 亿美元。</blockquote></p><p> For investors, there’s little incentive to own a shrinking IT services company without a dividend yield. Short of a private-equity buyout—with the idea of revamping the company out of sight of the public markets—there are few near-term catalysts for Kyndryl stock.</p><p><blockquote>对于投资者来说，没有什么动力去拥有一家没有股息收益率的萎缩的 IT 服务公司。除了私募股权收购（即将公司从公开市场的视线之外进行改造的想法）之外，Kyndryl 股票的近期催化剂很少。</blockquote></p><p> IBM shareholders have plenty of potential upside from that company’s core business. They don’t need to hold Kyndryl stock.</p><p><blockquote>IBM 的股东可以从该公司的核心业务中获得大量潜在的上升空间。他们不需要持有 Kyndryl 股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/ibm-kyndryl-stock-what-to-do-51637798963?mod=newsviewer_click_seemore\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KD":"Kyndryl","IBM":"IBM"},"source_url":"https://www.marketwatch.com/articles/ibm-kyndryl-stock-what-to-do-51637798963?mod=newsviewer_click_seemore","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1169118930","content_text":"A key part of IBM’s turnaround story was written in early November: packaging the company’s low-margin, negative-growth information-technology services business, giving it a cool-sounding name, and getting it off the income statement.\nThat’s how Kyndryl Holdings (ticker: KD) was born. The new/old company is a leading player in the IT managed services business, running data centers and other IT operations for more than 4,000 customers.\nKyndryl has 90,000 employees and dominates the sector. The company had $19.1 billion in revenue, on a pro forma basis, in 2020, about twice as much as rival DXC Technology (DXC), according to Kyndryl’s spinoff documents. It has an even bigger edge on peers such as Atos (ATO.France), HCL Technologies (532281.India), Tata Consultancy Services (532540.India), and Cognizant (CTSH).\nIBM stockholders got one share of Kyndryl for every five IBM shares held.\nKyndryl CEO Martin Schroeter recently told Barron’s that he views the company as a “$19 billion start-up,” which is reconfiguring its business for a world in which more and more IT workloads are shifting to the cloud and away from data centers. He says the spinoff will let the company reposition itself for growth, using mergers and acquisitions and internal development to adjust its business mix.\nBut Kyndryl is having trouble finding its own independent investor base. In late October, the stock traded above $40 on a “when issued” basis. Kyndryl opened for trading on Nov. 4 at $28.41, and has continued to fall from there.\nAt a recent price of $17.30, Kyndryl has a market cap of just $3.9 billion. With $1.2 billion in net debt, its enterprise value comes to $5.1 billion. That gives the company an enterprise value to sales multiple of less than 0.3. There are just four companies in the S&P 500 index with a multiple lower than that. DXC trades for about 0.7 times projected revenue for its March 2022 fiscal year.\nBut there are reasons that IBM investors—and others—are shunning the spun-off stock. For one thing, IBM has been attractive to investors in part for its 5.6% dividend yield, the highest of any company in the Dow Jones Industrial Average, and one of the highest in the S&P 500. Anyone who owns IBM for the yield isn’t interested in Kyndryl stock.\nAnother issue: Kyndryl doesn’t expect to show growth before 2025. The company projects 2021 revenue of $18.5 billion to $18.7 billion; at the midpoint, that’s a 2.6% decline from 2020’s level. Kyndryl sees adjusted earnings before interest, taxes, depreciation, and amortization, or Ebitda, of $2.8 billion to $2.9 billion.\nFor investors, there’s little incentive to own a shrinking IT services company without a dividend yield. Short of a private-equity buyout—with the idea of revamping the company out of sight of the public markets—there are few near-term catalysts for Kyndryl stock.\nIBM shareholders have plenty of potential upside from that company’s core business. They don’t need to hold Kyndryl stock.","news_type":1,"symbols_score_info":{"IBM":0.9,"KD":0.9}},"isVote":1,"tweetType":1,"viewCount":3222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600661352,"gmtCreate":1638148027968,"gmtModify":1638148028279,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600661352","repostId":"2186432637","repostType":4,"isVote":1,"tweetType":1,"viewCount":3687,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600663489,"gmtCreate":1638148014868,"gmtModify":1638148015166,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600663489","repostId":"1114522326","repostType":4,"isVote":1,"tweetType":1,"viewCount":4828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600663547,"gmtCreate":1638148004591,"gmtModify":1638148004895,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/600663547","repostId":"1124072014","repostType":4,"repost":{"id":"1124072014","kind":"news","pubTimestamp":1638140765,"share":"https://www.laohunote.com/m/news/1124072014?lang=zh_CN&edition=full","pubTime":"2021-11-29 07:06","market":"us","language":"en","title":"November jobs report: What to know this week<blockquote>11 月就业报告：本周须知</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124072014","media":"yahoo","summary":"As investors return from the Thanksgiving-shortened trading week, focus will shift to the U.S. labor","content":"<p>As investors return from the Thanksgiving-shortened trading week, focus will shift to the U.S. labor market.</p><p><blockquote>随着投资者从感恩节缩短的交易周归来，焦点将转向美国劳动力市场。</blockquote></p><p> The Labor Department's monthly jobs report due for release on Friday is set to provide an updated snapshot of the strength in hiring and labor force participation in the U.S. economy. Consensus economists are looking for a half-million jobs to have returned in November, with the pace of hiring slowing only slightly from October's 531,000 gain. The unemployment rate is also expected to improve further to 4.5% from October's 4.6%, reaching the lowest level since March 2020.</p><p><blockquote>劳工部将于周五发布的月度就业报告将提供美国经济中招聘和劳动力参与实力的最新快照。共识经济学家预计 11 月份将恢复 50 万个工作岗位，招聘速度仅比 10 月份的 53.1 万个工作岗位略有放缓。失业率预计也将从10月份的4.6%进一步改善至4.5%，达到2020年3月以来的最低水平。</blockquote></p><p> \"We expect non-farm payrolls to have risen by 500,000 in November, but the growing risk of a winter COVID wave and a dwindling supply of available workers will weigh on jobs growth soon,\" wrote Paul Ashworth, chief North America economist for Capital Economics, in a note last week.</p><p><blockquote>凯投宏观(Capital Economics)首席北美经济学家保罗·阿什沃斯(Paul Ashworth)写道：“我们预计11月份非农就业人数将增加50万人，但冬季新冠疫情浪潮的风险越来越大以及可用工人供应的减少将很快影响就业增长。”上周的一份报告中。</blockquote></p><p> \"Employment growth can’t continue at this pace for much longer unless the labor force stages a more notable recovery. If anything, labor supply could<i>worsen</i>over the coming months as the federal vaccine mandate covering 100 [million] workers begins on January 4,\" Ashworth added. \"That suggests wage growth will remain strong, and we expect a 0.4% [month-over-month] rise in average hourly earnings in October.\"</p><p><blockquote>“除非劳动力出现更明显的复苏，否则就业增长不可能以这种速度持续太久。如果说有什么不同的话，那就是劳动力供应可能会下降。”<i>恶化</i>阿什沃斯补充说：“在未来几个月里，覆盖 1 亿 [万] 工人的联邦疫苗授权将于 1 月 4 日开始。这表明工资增长将保持强劲，我们预计 10 月份平均时薪将[环比]增长 0.4%”。</blockquote></p><p> On a year-over-year basis, average hourly earnings are expected to rise by 5.0%, accelerating even further after October's already marked 4.9% rise and representing the fastest wage growth rate since February.</p><p><blockquote>与去年同期相比，平均时薪预计将增长 5.0%，继 10 月份已经增长 4.9% 之后进一步加速，这是自 2 月份以来最快的工资增长率。</blockquote></p><p> Growing average wages and a tight labor market — while a positive for consumers and their ability to spend — has also stoked concerns over persistent inflation. Last week's Personal Consumption Expenditures (PCE) deflator from the Bureau of Economic Analysis for October showed an annual jump of 5.0% in the index, or the biggest rise since 1990. And the core PCE, or the Fed's preferred inflation gauge stripping out volatile food and energy prices, rose by 4.1% year-over-year — the most in three decades.</p><p><blockquote>平均工资增长和劳动力市场紧张——虽然对消费者及其消费能力有利——也加剧了人们对持续通胀的担忧。经济分析局上周公布的 10 月份个人消费支出 (PCE) 平减指数显示，该指数年增长率为 5.0%，为 1990 年以来最大涨幅。核心 PCE（美联储首选的剔除波动的食品和能源价格的通胀指标）同比上涨 4.1%，为三十年来最高。</blockquote></p><p> Other recent data have homed in on the tight labor market and presaged a potentially strong November jobs report. Last week'sinitial jobless claims fell to a 52-year low of 199,000, taking out both the prior pandemic-era low and pre-pandemic average for new first-time filings. This served as yet another point underscoring the steep competition for labor among U.S. employers, with companies attempting to hire and retain their existing workforces amid widespread labor shortages.</p><p><blockquote>最近的其他数据反映了紧张的劳动力市场，并预示着 11 月份就业报告可能会强劲。上周，首次申请失业救济人数降至 19.9 万人的 52 年来最低点，打破了疫情时代之前的低点和疫情之前新首次申请失业救济人数的平均水平。这再次凸显了美国雇主之间激烈的劳动力竞争，在劳动力普遍短缺的情况下，公司试图雇用和留住现有劳动力。</blockquote></p><p> Even given these lingering scarcities, the labor force participation rate has yet to return to pre-pandemic levels. The civilian labor force was still down by nearly 3 million participants compared to February 2020, with lingering concerns over the virus and adesire by many working-age individuals to seek out new roles with better flexibility and benefitsstill keeping many individuals on the sidelines of the workforce. Consensus economists expect the labor force participation rate to tick up only slightly in November to reach 61.7%, growing from October's 61.6% but coming in well below the 63.3% rate from February 2020.</p><p><blockquote>即使考虑到这些挥之不去的短缺，劳动力参与率仍未恢复到大流行前的水平。与2020年2月相比，平民劳动力仍减少了近300万参与者，对病毒的担忧挥之不去，许多工作年龄的人渴望寻找具有更好灵活性和福利的新角色，这仍然使许多人处于劳动力的边缘。共识经济学家预计，11 月份劳动力参与率只会小幅上升，达到 61.7%，高于 10 月份的 61.6%，但远低于 2020 年 2 月的 63.3%。</blockquote></p><p> Returning the economy back to pre-pandemic labor force participation levels and ensuring job gains are seen equitably across different groups has become a key focus for the Federal Reserve. And the distance still left to make up on these fronts has also been the biggest factor keeping the Fed ultra-accommodative with its monetary policy support, even after a parade of hotter-than-expected inflation reports that would appear to warrant a more hawkish policy tilt and a quicker-than-expected hike to interest rates.Fed Chair Jerome Powell's renomination to remain as head of the central bankfurther suggests the Fed's focus on the labor market as a critical informing factor for monetary policy will remain.</p><p><blockquote>让经济恢复到大流行前的劳动力参与水平，并确保不同群体的就业增长得到公平对待，已成为美联储的一个重点。这些方面仍有待弥合的距离也是美联储在货币政策支持方面保持超宽松的最大因素，即使在一系列比预期更热门的通胀报告之后，这些报告似乎需要更加鹰派的政策倾斜和加息速度快于预期。美联储主席杰罗姆·鲍威尔再次被提名继续担任央行行长，这进一步表明美联储将继续关注劳动力市场作为货币政策的关键信息因素。</blockquote></p><p> \"Market views for future Fed rate increases have been pulled forward aggressively in response to evidence that elevated inflation pressures are likely to persist for longer,\" wrote Deutsche Bank economist Justin Weidner in a note last week. \"However, as Chair Powell's November press conference made evident, prospects for the labor market to return to maximum employment remain a critical consideration for when the Fed will eventually begin to actively tighten monetary policy.\"</p><p><blockquote>德意志银行经济学家贾斯汀·魏德纳在上周的一份报告中写道：“由于有证据表明通胀压力上升可能会持续更长时间，市场对美联储未来加息的看法已被大幅提前。”“然而，正如鲍威尔主席 11 月新闻发布会所表明的那样，劳动力市场恢复最大就业的前景仍然是美联储最终何时开始积极收紧货币政策的关键考虑因素。”</blockquote></p><p> Economic calendar</p><p><blockquote>经济日历</blockquote></p><p> <ul>  <li><b>Monday:</b>Pending home sales, month-over-month, October (0.7% expected, -2.3% in September); Dallas Federal Reserve Manufacturing Activity Index, November (17.0 expected, 14.6 in October)</p><p><blockquote><ul><li><b>星期一：</b>10 月份待售房屋销售环比（预期 0.7%，9 月份为 -2.3%）；达拉斯美联储 11 月制造业活动指数（预期 17.0，10 月 14.6）</li></ul></blockquote></p><p></p><p></li>  <li><b>Tuesday:</b>FHFA House Price Index, month-over-month, September (1.2% expected, 1.0% in August); S&amp;P CoreLogic Case-Shiller 20-City Composite Index, month-over-month, September (1.30% expected, 1.17% in August); S&amp;P CoreLogic Case-Shiller 20-City Composite Index, September (19.66% during prior month); MNI Chicago PMI, November (67.0 expected, 68.4 in October); Conference Board Consumer Confidence Index, November (110.0 expected, 113.8 in October)</p><p><blockquote><li><b>星期二：</b>FHFA房价指数，9月环比（预期1.2%，8月1.0%）；S&amp;P CoreLogic Case-Shiller 20 个城市综合指数，9 月环比（预期 1.30%，8 月 1.17%）；S&amp;P CoreLogic Case-Shiller 20 个城市综合指数，9 月（上月为 19.66%）；MNI芝加哥采购经理人指数，11月（预期67.0，10月68.4）；世界大型企业联合会消费者信心指数，11 月（预期 110.0，10 月 113.8）</li></blockquote></p><p></li>  <li><b>Wednesday:</b>MBA Mortgage Applications, November 26 (1.8% during prior week); ADP Employment Change, November (515,000 expected, 571,000 in October); Markit U.S. Manufacturing PMI, November final (59.1 during prior month); Construction Spending, month-over-month, October (0.5% expected, -0.5% in September); ISM Manufacturing, November (61.0 expected, 60.8 in October); Federal Reserve releases Beige Book</p><p><blockquote><li><b>星期三：</b>MBA 抵押贷款申请，11 月 26 日（前一周 1.8%）；11 月 ADP 就业变化（预计 515,000 人，10 月 571,000 人）；Markit 美国 11 月制造业 PMI 最终值（上月为 59.1）；10 月份建筑支出环比（预期 0.5%，9 月份为 -0.5%）；ISM 制造业，11 月（预期 61.0，10 月 60.8）；美联储发布褐皮书</li></blockquote></p><p></li>  <li><b>Thursday:</b>Challenger job cuts, November (-71.7% in October); Initial jobless claims, week ended Nov. 27 (199,000 during prior week); Continuing claims, Nov. 20 (2.049 during prior week)</p><p><blockquote><li><b>星期四：</b>挑战者裁员，11 月（10 月-71.7%）；截至 11 月 27 日当周首次申请失业救济人数（前一周为 199,000 人）；持续索赔，11 月 20 日（前一周 2,049）</li></blockquote></p><p></li>  <li><b>Friday:</b>Change in non-farm payrolls, November (500,000 expected, 531,000 in October); Unemployment rate, November (4.5% expected, 4.6% in October); Average Hourly Earnings, month-over-month, November (0.4% expected, 0.4% in October); Average Hourly Earnings, year-over-year, November (5.0% expected, 4.9% in October); Markit U.S. Services PMI, November final (57.0 in prior print); Markit U.S. Composite PMI, November final (56.5 in prior print); ISM Services Index, November (65.0 expected, 66.7 in October); Factory Orders, October (0.5% expected, 0.2% in September); Durable Goods Orders, October final (-0.5% in prior print)</p><p><blockquote><li><b>星期五：</b>11 月非农就业人数变化（预计 500,000 人，10 月 531,000 人）；11月失业率（预期4.5%，10月4.6%）；11 月份平均小时收益环比（预期 0.4%，10 月份 0.4%）；11 月份平均小时收入同比（预期 5.0%，10 月份 4.9%）；Markit 美国服务业 PMI，11 月最终值（先前印刷为 57.0）；Markit 美国综合 PMI，11 月最终值（先前印刷为 56.5）；ISM服务业指数，11月（预期65.0，10月66.7）；10月工厂订单（预期0.5%，9月0.2%）；耐用品订单，10 月份最终订单（先前印刷-0.5%）</li></blockquote></p><p></li> </ul> Earnings calendar</p><p><blockquote>收益日历</blockquote></p><p> <ul>  <li><b>Monday:</b><i>No notable reports scheduled for release</i></p><p><blockquote><ul><li><b>星期一：</b><i>没有计划发布的重要报告</i></li></ul></blockquote></p><p></li>  <li><b>Tuesday:</b>Salesforce.com (CRM) after market close</p><p><blockquote><li><b>星期二：</b>Salesforce.com (CRM) 收盘后</li></blockquote></p><p></li>  <li><b>Wednesday:</b>PVH Corp. (PVH) after market close</p><p><blockquote><li><b>星期三：</b>PVH Corp. (PVH) 收盘后</li></blockquote></p><p></li>  <li><b>Thursday:</b>Dollar General (DG), Kroger (KR) before market open; Ulta Beauty (ULTA) after market close</p><p><blockquote><li><b>星期四：</b>Dollar General (DG)、Kroger (KR) 开市前；Ulta Beauty (ULTA) 收盘后</li></blockquote></p><p></li>  <li><b>Friday:</b><i>No notable reports scheduled for release</i></p><p><blockquote><li><b>星期五：</b><i>没有计划发布的重要报告</i></li></blockquote></p><p></li> </ul></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>November jobs report: What to know this week<blockquote>11 月就业报告：本周须知</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNovember jobs report: What to know this week<blockquote>11 月就业报告：本周须知</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">yahoo</strong><span class=\"h-time small\">2021-11-29 07:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As investors return from the Thanksgiving-shortened trading week, focus will shift to the U.S. labor market.</p><p><blockquote>随着投资者从感恩节缩短的交易周归来，焦点将转向美国劳动力市场。</blockquote></p><p> The Labor Department's monthly jobs report due for release on Friday is set to provide an updated snapshot of the strength in hiring and labor force participation in the U.S. economy. Consensus economists are looking for a half-million jobs to have returned in November, with the pace of hiring slowing only slightly from October's 531,000 gain. The unemployment rate is also expected to improve further to 4.5% from October's 4.6%, reaching the lowest level since March 2020.</p><p><blockquote>劳工部将于周五发布的月度就业报告将提供美国经济中招聘和劳动力参与实力的最新快照。共识经济学家预计 11 月份将恢复 50 万个工作岗位，招聘速度仅比 10 月份的 53.1 万个工作岗位略有放缓。失业率预计也将从10月份的4.6%进一步改善至4.5%，达到2020年3月以来的最低水平。</blockquote></p><p> \"We expect non-farm payrolls to have risen by 500,000 in November, but the growing risk of a winter COVID wave and a dwindling supply of available workers will weigh on jobs growth soon,\" wrote Paul Ashworth, chief North America economist for Capital Economics, in a note last week.</p><p><blockquote>凯投宏观(Capital Economics)首席北美经济学家保罗·阿什沃斯(Paul Ashworth)写道：“我们预计11月份非农就业人数将增加50万人，但冬季新冠疫情浪潮的风险越来越大以及可用工人供应的减少将很快影响就业增长。”上周的一份报告中。</blockquote></p><p> \"Employment growth can’t continue at this pace for much longer unless the labor force stages a more notable recovery. If anything, labor supply could<i>worsen</i>over the coming months as the federal vaccine mandate covering 100 [million] workers begins on January 4,\" Ashworth added. \"That suggests wage growth will remain strong, and we expect a 0.4% [month-over-month] rise in average hourly earnings in October.\"</p><p><blockquote>“除非劳动力出现更明显的复苏，否则就业增长不可能以这种速度持续太久。如果说有什么不同的话，那就是劳动力供应可能会下降。”<i>恶化</i>阿什沃斯补充说：“在未来几个月里，覆盖 1 亿 [万] 工人的联邦疫苗授权将于 1 月 4 日开始。这表明工资增长将保持强劲，我们预计 10 月份平均时薪将[环比]增长 0.4%”。</blockquote></p><p> On a year-over-year basis, average hourly earnings are expected to rise by 5.0%, accelerating even further after October's already marked 4.9% rise and representing the fastest wage growth rate since February.</p><p><blockquote>与去年同期相比，平均时薪预计将增长 5.0%，继 10 月份已经增长 4.9% 之后进一步加速，这是自 2 月份以来最快的工资增长率。</blockquote></p><p> Growing average wages and a tight labor market — while a positive for consumers and their ability to spend — has also stoked concerns over persistent inflation. Last week's Personal Consumption Expenditures (PCE) deflator from the Bureau of Economic Analysis for October showed an annual jump of 5.0% in the index, or the biggest rise since 1990. And the core PCE, or the Fed's preferred inflation gauge stripping out volatile food and energy prices, rose by 4.1% year-over-year — the most in three decades.</p><p><blockquote>平均工资增长和劳动力市场紧张——虽然对消费者及其消费能力有利——也加剧了人们对持续通胀的担忧。经济分析局上周公布的 10 月份个人消费支出 (PCE) 平减指数显示，该指数年增长率为 5.0%，为 1990 年以来最大涨幅。核心 PCE（美联储首选的剔除波动的食品和能源价格的通胀指标）同比上涨 4.1%，为三十年来最高。</blockquote></p><p> Other recent data have homed in on the tight labor market and presaged a potentially strong November jobs report. Last week'sinitial jobless claims fell to a 52-year low of 199,000, taking out both the prior pandemic-era low and pre-pandemic average for new first-time filings. This served as yet another point underscoring the steep competition for labor among U.S. employers, with companies attempting to hire and retain their existing workforces amid widespread labor shortages.</p><p><blockquote>最近的其他数据反映了紧张的劳动力市场，并预示着 11 月份就业报告可能会强劲。上周，首次申请失业救济人数降至 19.9 万人的 52 年来最低点，打破了疫情时代之前的低点和疫情之前新首次申请失业救济人数的平均水平。这再次凸显了美国雇主之间激烈的劳动力竞争，在劳动力普遍短缺的情况下，公司试图雇用和留住现有劳动力。</blockquote></p><p> Even given these lingering scarcities, the labor force participation rate has yet to return to pre-pandemic levels. The civilian labor force was still down by nearly 3 million participants compared to February 2020, with lingering concerns over the virus and adesire by many working-age individuals to seek out new roles with better flexibility and benefitsstill keeping many individuals on the sidelines of the workforce. Consensus economists expect the labor force participation rate to tick up only slightly in November to reach 61.7%, growing from October's 61.6% but coming in well below the 63.3% rate from February 2020.</p><p><blockquote>即使考虑到这些挥之不去的短缺，劳动力参与率仍未恢复到大流行前的水平。与2020年2月相比，平民劳动力仍减少了近300万参与者，对病毒的担忧挥之不去，许多工作年龄的人渴望寻找具有更好灵活性和福利的新角色，这仍然使许多人处于劳动力的边缘。共识经济学家预计，11 月份劳动力参与率只会小幅上升，达到 61.7%，高于 10 月份的 61.6%，但远低于 2020 年 2 月的 63.3%。</blockquote></p><p> Returning the economy back to pre-pandemic labor force participation levels and ensuring job gains are seen equitably across different groups has become a key focus for the Federal Reserve. And the distance still left to make up on these fronts has also been the biggest factor keeping the Fed ultra-accommodative with its monetary policy support, even after a parade of hotter-than-expected inflation reports that would appear to warrant a more hawkish policy tilt and a quicker-than-expected hike to interest rates.Fed Chair Jerome Powell's renomination to remain as head of the central bankfurther suggests the Fed's focus on the labor market as a critical informing factor for monetary policy will remain.</p><p><blockquote>让经济恢复到大流行前的劳动力参与水平，并确保不同群体的就业增长得到公平对待，已成为美联储的一个重点。这些方面仍有待弥合的距离也是美联储在货币政策支持方面保持超宽松的最大因素，即使在一系列比预期更热门的通胀报告之后，这些报告似乎需要更加鹰派的政策倾斜和加息速度快于预期。美联储主席杰罗姆·鲍威尔再次被提名继续担任央行行长，这进一步表明美联储将继续关注劳动力市场作为货币政策的关键信息因素。</blockquote></p><p> \"Market views for future Fed rate increases have been pulled forward aggressively in response to evidence that elevated inflation pressures are likely to persist for longer,\" wrote Deutsche Bank economist Justin Weidner in a note last week. \"However, as Chair Powell's November press conference made evident, prospects for the labor market to return to maximum employment remain a critical consideration for when the Fed will eventually begin to actively tighten monetary policy.\"</p><p><blockquote>德意志银行经济学家贾斯汀·魏德纳在上周的一份报告中写道：“由于有证据表明通胀压力上升可能会持续更长时间，市场对美联储未来加息的看法已被大幅提前。”“然而，正如鲍威尔主席 11 月新闻发布会所表明的那样，劳动力市场恢复最大就业的前景仍然是美联储最终何时开始积极收紧货币政策的关键考虑因素。”</blockquote></p><p> Economic calendar</p><p><blockquote>经济日历</blockquote></p><p> <ul>  <li><b>Monday:</b>Pending home sales, month-over-month, October (0.7% expected, -2.3% in September); Dallas Federal Reserve Manufacturing Activity Index, November (17.0 expected, 14.6 in October)</p><p><blockquote><ul><li><b>星期一：</b>10 月份待售房屋销售环比（预期 0.7%，9 月份为 -2.3%）；达拉斯美联储 11 月制造业活动指数（预期 17.0，10 月 14.6）</li></ul></blockquote></p><p></p><p></li>  <li><b>Tuesday:</b>FHFA House Price Index, month-over-month, September (1.2% expected, 1.0% in August); S&amp;P CoreLogic Case-Shiller 20-City Composite Index, month-over-month, September (1.30% expected, 1.17% in August); S&amp;P CoreLogic Case-Shiller 20-City Composite Index, September (19.66% during prior month); MNI Chicago PMI, November (67.0 expected, 68.4 in October); Conference Board Consumer Confidence Index, November (110.0 expected, 113.8 in October)</p><p><blockquote><li><b>星期二：</b>FHFA房价指数，9月环比（预期1.2%，8月1.0%）；S&amp;P CoreLogic Case-Shiller 20 个城市综合指数，9 月环比（预期 1.30%，8 月 1.17%）；S&amp;P CoreLogic Case-Shiller 20 个城市综合指数，9 月（上月为 19.66%）；MNI芝加哥采购经理人指数，11月（预期67.0，10月68.4）；世界大型企业联合会消费者信心指数，11 月（预期 110.0，10 月 113.8）</li></blockquote></p><p></li>  <li><b>Wednesday:</b>MBA Mortgage Applications, November 26 (1.8% during prior week); ADP Employment Change, November (515,000 expected, 571,000 in October); Markit U.S. Manufacturing PMI, November final (59.1 during prior month); Construction Spending, month-over-month, October (0.5% expected, -0.5% in September); ISM Manufacturing, November (61.0 expected, 60.8 in October); Federal Reserve releases Beige Book</p><p><blockquote><li><b>星期三：</b>MBA 抵押贷款申请，11 月 26 日（前一周 1.8%）；11 月 ADP 就业变化（预计 515,000 人，10 月 571,000 人）；Markit 美国 11 月制造业 PMI 最终值（上月为 59.1）；10 月份建筑支出环比（预期 0.5%，9 月份为 -0.5%）；ISM 制造业，11 月（预期 61.0，10 月 60.8）；美联储发布褐皮书</li></blockquote></p><p></li>  <li><b>Thursday:</b>Challenger job cuts, November (-71.7% in October); Initial jobless claims, week ended Nov. 27 (199,000 during prior week); Continuing claims, Nov. 20 (2.049 during prior week)</p><p><blockquote><li><b>星期四：</b>挑战者裁员，11 月（10 月-71.7%）；截至 11 月 27 日当周首次申请失业救济人数（前一周为 199,000 人）；持续索赔，11 月 20 日（前一周 2,049）</li></blockquote></p><p></li>  <li><b>Friday:</b>Change in non-farm payrolls, November (500,000 expected, 531,000 in October); Unemployment rate, November (4.5% expected, 4.6% in October); Average Hourly Earnings, month-over-month, November (0.4% expected, 0.4% in October); Average Hourly Earnings, year-over-year, November (5.0% expected, 4.9% in October); Markit U.S. Services PMI, November final (57.0 in prior print); Markit U.S. Composite PMI, November final (56.5 in prior print); ISM Services Index, November (65.0 expected, 66.7 in October); Factory Orders, October (0.5% expected, 0.2% in September); Durable Goods Orders, October final (-0.5% in prior print)</p><p><blockquote><li><b>星期五：</b>11 月非农就业人数变化（预计 500,000 人，10 月 531,000 人）；11月失业率（预期4.5%，10月4.6%）；11 月份平均小时收益环比（预期 0.4%，10 月份 0.4%）；11 月份平均小时收入同比（预期 5.0%，10 月份 4.9%）；Markit 美国服务业 PMI，11 月最终值（先前印刷为 57.0）；Markit 美国综合 PMI，11 月最终值（先前印刷为 56.5）；ISM服务业指数，11月（预期65.0，10月66.7）；10月工厂订单（预期0.5%，9月0.2%）；耐用品订单，10 月份最终订单（先前印刷-0.5%）</li></blockquote></p><p></li> </ul> Earnings calendar</p><p><blockquote>收益日历</blockquote></p><p> <ul>  <li><b>Monday:</b><i>No notable reports scheduled for release</i></p><p><blockquote><ul><li><b>星期一：</b><i>没有计划发布的重要报告</i></li></ul></blockquote></p><p></li>  <li><b>Tuesday:</b>Salesforce.com (CRM) after market close</p><p><blockquote><li><b>星期二：</b>Salesforce.com (CRM) 收盘后</li></blockquote></p><p></li>  <li><b>Wednesday:</b>PVH Corp. (PVH) after market close</p><p><blockquote><li><b>星期三：</b>PVH Corp. (PVH) 收盘后</li></blockquote></p><p></li>  <li><b>Thursday:</b>Dollar General (DG), Kroger (KR) before market open; Ulta Beauty (ULTA) after market close</p><p><blockquote><li><b>星期四：</b>Dollar General (DG)、Kroger (KR) 开市前；Ulta Beauty (ULTA) 收盘后</li></blockquote></p><p></li>  <li><b>Friday:</b><i>No notable reports scheduled for release</i></p><p><blockquote><li><b>星期五：</b><i>没有计划发布的重要报告</i></li></blockquote></p><p></li> </ul></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/november-jobs-report-what-to-know-this-week-144428419.html\">yahoo</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRM":"赛富时"},"source_url":"https://finance.yahoo.com/news/november-jobs-report-what-to-know-this-week-144428419.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124072014","content_text":"As investors return from the Thanksgiving-shortened trading week, focus will shift to the U.S. labor market.\nThe Labor Department's monthly jobs report due for release on Friday is set to provide an updated snapshot of the strength in hiring and labor force participation in the U.S. economy. Consensus economists are looking for a half-million jobs to have returned in November, with the pace of hiring slowing only slightly from October's 531,000 gain. The unemployment rate is also expected to improve further to 4.5% from October's 4.6%, reaching the lowest level since March 2020.\n\"We expect non-farm payrolls to have risen by 500,000 in November, but the growing risk of a winter COVID wave and a dwindling supply of available workers will weigh on jobs growth soon,\" wrote Paul Ashworth, chief North America economist for Capital Economics, in a note last week.\n\"Employment growth can’t continue at this pace for much longer unless the labor force stages a more notable recovery. If anything, labor supply couldworsenover the coming months as the federal vaccine mandate covering 100 [million] workers begins on January 4,\" Ashworth added. \"That suggests wage growth will remain strong, and we expect a 0.4% [month-over-month] rise in average hourly earnings in October.\"\nOn a year-over-year basis, average hourly earnings are expected to rise by 5.0%, accelerating even further after October's already marked 4.9% rise and representing the fastest wage growth rate since February.\nGrowing average wages and a tight labor market — while a positive for consumers and their ability to spend — has also stoked concerns over persistent inflation. Last week's Personal Consumption Expenditures (PCE) deflator from the Bureau of Economic Analysis for October showed an annual jump of 5.0% in the index, or the biggest rise since 1990. And the core PCE, or the Fed's preferred inflation gauge stripping out volatile food and energy prices, rose by 4.1% year-over-year — the most in three decades.\nOther recent data have homed in on the tight labor market and presaged a potentially strong November jobs report. Last week'sinitial jobless claims fell to a 52-year low of 199,000, taking out both the prior pandemic-era low and pre-pandemic average for new first-time filings. This served as yet another point underscoring the steep competition for labor among U.S. employers, with companies attempting to hire and retain their existing workforces amid widespread labor shortages.\nEven given these lingering scarcities, the labor force participation rate has yet to return to pre-pandemic levels. The civilian labor force was still down by nearly 3 million participants compared to February 2020, with lingering concerns over the virus and adesire by many working-age individuals to seek out new roles with better flexibility and benefitsstill keeping many individuals on the sidelines of the workforce. Consensus economists expect the labor force participation rate to tick up only slightly in November to reach 61.7%, growing from October's 61.6% but coming in well below the 63.3% rate from February 2020.\nReturning the economy back to pre-pandemic labor force participation levels and ensuring job gains are seen equitably across different groups has become a key focus for the Federal Reserve. And the distance still left to make up on these fronts has also been the biggest factor keeping the Fed ultra-accommodative with its monetary policy support, even after a parade of hotter-than-expected inflation reports that would appear to warrant a more hawkish policy tilt and a quicker-than-expected hike to interest rates.Fed Chair Jerome Powell's renomination to remain as head of the central bankfurther suggests the Fed's focus on the labor market as a critical informing factor for monetary policy will remain.\n\"Market views for future Fed rate increases have been pulled forward aggressively in response to evidence that elevated inflation pressures are likely to persist for longer,\" wrote Deutsche Bank economist Justin Weidner in a note last week. \"However, as Chair Powell's November press conference made evident, prospects for the labor market to return to maximum employment remain a critical consideration for when the Fed will eventually begin to actively tighten monetary policy.\"\nEconomic calendar\n\nMonday:Pending home sales, month-over-month, October (0.7% expected, -2.3% in September); Dallas Federal Reserve Manufacturing Activity Index, November (17.0 expected, 14.6 in October)\nTuesday:FHFA House Price Index, month-over-month, September (1.2% expected, 1.0% in August); S&P CoreLogic Case-Shiller 20-City Composite Index, month-over-month, September (1.30% expected, 1.17% in August); S&P CoreLogic Case-Shiller 20-City Composite Index, September (19.66% during prior month); MNI Chicago PMI, November (67.0 expected, 68.4 in October); Conference Board Consumer Confidence Index, November (110.0 expected, 113.8 in October)\nWednesday:MBA Mortgage Applications, November 26 (1.8% during prior week); ADP Employment Change, November (515,000 expected, 571,000 in October); Markit U.S. Manufacturing PMI, November final (59.1 during prior month); Construction Spending, month-over-month, October (0.5% expected, -0.5% in September); ISM Manufacturing, November (61.0 expected, 60.8 in October); Federal Reserve releases Beige Book\nThursday:Challenger job cuts, November (-71.7% in October); Initial jobless claims, week ended Nov. 27 (199,000 during prior week); Continuing claims, Nov. 20 (2.049 during prior week)\nFriday:Change in non-farm payrolls, November (500,000 expected, 531,000 in October); Unemployment rate, November (4.5% expected, 4.6% in October); Average Hourly Earnings, month-over-month, November (0.4% expected, 0.4% in October); Average Hourly Earnings, year-over-year, November (5.0% expected, 4.9% in October); Markit U.S. Services PMI, November final (57.0 in prior print); Markit U.S. Composite PMI, November final (56.5 in prior print); ISM Services Index, November (65.0 expected, 66.7 in October); Factory Orders, October (0.5% expected, 0.2% in September); Durable Goods Orders, October final (-0.5% in prior print)\n\nEarnings calendar\n\nMonday:No notable reports scheduled for release\nTuesday:Salesforce.com (CRM) after market close\nWednesday:PVH Corp. (PVH) after market close\nThursday:Dollar General (DG), Kroger (KR) before market open; Ulta Beauty (ULTA) after market close\nFriday:No notable reports scheduled for release","news_type":1,"symbols_score_info":{"CRM":0.9}},"isVote":1,"tweetType":1,"viewCount":3323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600090170,"gmtCreate":1637997458524,"gmtModify":1637997458834,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600090170","repostId":"1138332509","repostType":4,"isVote":1,"tweetType":1,"viewCount":3636,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600090326,"gmtCreate":1637997450368,"gmtModify":1637997450654,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/600090326","repostId":"1137622508","repostType":4,"isVote":1,"tweetType":1,"viewCount":3125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600090018,"gmtCreate":1637997440943,"gmtModify":1637997441270,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600090018","repostId":"1187736093","repostType":4,"repost":{"id":"1187736093","kind":"news","pubTimestamp":1637973799,"share":"https://www.laohunote.com/m/news/1187736093?lang=zh_CN&edition=full","pubTime":"2021-11-27 08:43","market":"us","language":"en","title":"Amazon faces Black Friday strikes by workers across Europe<blockquote>亚马逊面临欧洲各地工人的黑色星期五罢工</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187736093","media":"CNN","summary":"Amazon(AMZN)is facing strikes by warehouse workers and delivery drivers across Europe as its busiest","content":"<p>Amazon(AMZN)is facing strikes by warehouse workers and delivery drivers across Europe as its busiest weekend of the year begins.</p><p><blockquote>随着一年中最繁忙的周末的开始，亚马逊 (AMZN) 面临着欧洲各地仓库工人和送货司机的罢工。</blockquote></p><p> Labor unions in Germany, Italy and France are calling for the company to pay its workers fairly and respect their right to join unions. The strikes have been called to coincide with Amazon's annual Black Friday event, which kicks off a four-day shopping bonanza that culminates in Cyber Monday.</p><p><blockquote>德国、意大利和法国的工会呼吁该公司向工人支付公平的工资，并尊重他们加入工会的权利。据称，此次罢工恰逢亚马逊一年一度的黑色星期五活动，该活动拉开了为期四天的购物狂欢的序幕，并在网络星期一达到高潮。</blockquote></p><p> The action is part of a wider global protest organized by a group called Make Amazon Pay. The coalition of unions, environmentalists and tax campaigners has called for protests in22 countries around the world, including the United States, Canada, Brazil, and the United Kingdom.</p><p><blockquote>这一行动是由一个名为“让亚马逊支付”的组织组织的更广泛的全球抗议活动的一部分。由工会、环保主义者和税收活动家组成的联盟呼吁在全球22个国家举行抗议活动，包括美国、加拿大、巴西和英国。</blockquote></p><p> The international coalition is also demanding that Amazon \"pays its fair share of taxes and commits to real environmental sustainability.\"</p><p><blockquote>国际联盟还要求亚马逊“缴纳公平份额的税款，并致力于真正的环境可持续性”。</blockquote></p><p> An Amazon spokesperson said that the groups represented a variety of interests, and while the company was \"not perfect in any area\" it was taking its role and impact seriously.\"</p><p><blockquote>亚马逊发言人表示，这些团体代表了各种利益，虽然该公司“在任何领域都不完美”，但它正在认真对待自己的角色和影响。”</blockquote></p><p> We are inventing and investing significantly in all these areas, playing a significant role in addressing climate change with the Climate Pledge commitment to be net zero carbon by 2040, continuing to offer competitive wages and great benefits, and inventing new ways to keep our employees safe and healthy in our operations network, to name just a few,\" the spokesperson added.</p><p><blockquote>我们正在所有这些领域进行发明和大量投资，在应对气候变化方面发挥着重要作用，气候承诺承诺到 2040 年实现净零碳排放，继续提供有竞争力的工资和丰厚的福利，并发明新的方法来确保我们的员工在我们的运营网络中的安全和健康，仅举几例，”发言人补充道。</blockquote></p><p> Some of its workers are not convinced.</p><p><blockquote>它的一些工人并不相信。</blockquote></p><p> Germany's giant Verdi union organized a strike of warehouse workers to coincide with the launch in Berlin of \"Amazon Workers against Surveillance,\" a group protesting the company's \"use of apps, hand scanners, browser tools and cameras to surveil its workforce 24/7.\"</p><p><blockquote>德国巨头威尔第工会组织了一场仓库工人罢工，以配合“亚马逊工人反对监控”在柏林发起，该组织抗议该公司“使用应用程序、手持扫描仪、浏览器工具和摄像头全天候监控其员工”。</blockquote></p><p> \"Working almost anywhere at Amazon is stressful and hazardous to one's health,\" the group said in a statement on its website.</p><p><blockquote>该组织在其网站上的一份声明中表示：“在亚马逊的几乎任何地方工作都充满压力，并且对健康有害。”</blockquote></p><p> In Italy, workers are planning to blockade warehouses and trucks at all Amazon centers across the country, and thousands of drivers are set to strike on Friday.</p><p><blockquote>在意大利，工人们计划封锁全国所有亚马逊中心的仓库和卡车，数千名司机将于周五举行罢工。</blockquote></p><p> Warehouse workers are also striking in France, including at a logistics center in Lille, in support of demands for wage increases and bonuses, and an end to compulsory overtime.</p><p><blockquote>法国的仓库工人也在罢工，包括里尔的一个物流中心，以支持加薪和奖金以及结束强制加班的要求。</blockquote></p><p> They told CNN that Amazon has asked employees to work on all four Saturdays during December, in addition to their usual hours. For this overtime, they would get a bonus of €120 euros ($136) subject to certain conditions, the workers said.</p><p><blockquote>他们告诉美国有线电视新闻网，亚马逊要求员工除了平时的工作时间外，在12月的所有四个星期六都工作。工人们说，对于这次加班，他们将在特定条件下获得120欧元（136美元）的奖金。</blockquote></p><p> It's not clear how disruptive the strikes will be for Amazon, but this holiday shopping season is proving tough for retailers trying to satisfy strongconsumer demandin the face of supply chain disruptions, and shortages of workers and some goods.</p><p><blockquote>目前尚不清楚罢工会对亚马逊造成多大的破坏，但面对供应链中断、工人和一些商品短缺，这个假日购物季对于试图满足消费者强烈需求的零售商来说是艰难的。</blockquote></p><p> Make Amazon Pay was launched a year ago after 50 organizations held strikes and protests in 16 countries around the world, the coalition said.</p><p><blockquote>该联盟表示，一年前，在全球 16 个国家的 50 个组织举行罢工和抗议后，Make Amazon Pay 发起。</blockquote></p><p> \"Today's actions show the scale of resistance to Amazon's exploitation at every link in its chain of abuse,\" said Casper Gelderblom, a coordinator of the group.</p><p><blockquote>该组织协调员卡斯帕·格尔德布洛姆 (Casper Gelderblom) 表示：“今天的行动表明，人们对亚马逊滥用链条中每个环节的剥削行为都存在抵制。”</blockquote></p><p> \"Workers throughout the supply chain are demanding what's rightfully theirs when even Jeff Bezos admits their labor paid for his recent joy ride to space,\" he added.</p><p><blockquote>他补充说：“整个供应链的工人都在要求他们应得的东西，就连杰夫·贝索斯也承认，他们的劳动报酬是他最近愉快地进入太空的报酬。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon faces Black Friday strikes by workers across Europe<blockquote>亚马逊面临欧洲各地工人的黑色星期五罢工</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon faces Black Friday strikes by workers across Europe<blockquote>亚马逊面临欧洲各地工人的黑色星期五罢工</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-11-27 08:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Amazon(AMZN)is facing strikes by warehouse workers and delivery drivers across Europe as its busiest weekend of the year begins.</p><p><blockquote>随着一年中最繁忙的周末的开始，亚马逊 (AMZN) 面临着欧洲各地仓库工人和送货司机的罢工。</blockquote></p><p> Labor unions in Germany, Italy and France are calling for the company to pay its workers fairly and respect their right to join unions. The strikes have been called to coincide with Amazon's annual Black Friday event, which kicks off a four-day shopping bonanza that culminates in Cyber Monday.</p><p><blockquote>德国、意大利和法国的工会呼吁该公司向工人支付公平的工资，并尊重他们加入工会的权利。据称，此次罢工恰逢亚马逊一年一度的黑色星期五活动，该活动拉开了为期四天的购物狂欢的序幕，并在网络星期一达到高潮。</blockquote></p><p> The action is part of a wider global protest organized by a group called Make Amazon Pay. The coalition of unions, environmentalists and tax campaigners has called for protests in22 countries around the world, including the United States, Canada, Brazil, and the United Kingdom.</p><p><blockquote>这一行动是由一个名为“让亚马逊支付”的组织组织的更广泛的全球抗议活动的一部分。由工会、环保主义者和税收活动家组成的联盟呼吁在全球22个国家举行抗议活动，包括美国、加拿大、巴西和英国。</blockquote></p><p> The international coalition is also demanding that Amazon \"pays its fair share of taxes and commits to real environmental sustainability.\"</p><p><blockquote>国际联盟还要求亚马逊“缴纳公平份额的税款，并致力于真正的环境可持续性”。</blockquote></p><p> An Amazon spokesperson said that the groups represented a variety of interests, and while the company was \"not perfect in any area\" it was taking its role and impact seriously.\"</p><p><blockquote>亚马逊发言人表示，这些团体代表了各种利益，虽然该公司“在任何领域都不完美”，但它正在认真对待自己的角色和影响。”</blockquote></p><p> We are inventing and investing significantly in all these areas, playing a significant role in addressing climate change with the Climate Pledge commitment to be net zero carbon by 2040, continuing to offer competitive wages and great benefits, and inventing new ways to keep our employees safe and healthy in our operations network, to name just a few,\" the spokesperson added.</p><p><blockquote>我们正在所有这些领域进行发明和大量投资，在应对气候变化方面发挥着重要作用，气候承诺承诺到 2040 年实现净零碳排放，继续提供有竞争力的工资和丰厚的福利，并发明新的方法来确保我们的员工在我们的运营网络中的安全和健康，仅举几例，”发言人补充道。</blockquote></p><p> Some of its workers are not convinced.</p><p><blockquote>它的一些工人并不相信。</blockquote></p><p> Germany's giant Verdi union organized a strike of warehouse workers to coincide with the launch in Berlin of \"Amazon Workers against Surveillance,\" a group protesting the company's \"use of apps, hand scanners, browser tools and cameras to surveil its workforce 24/7.\"</p><p><blockquote>德国巨头威尔第工会组织了一场仓库工人罢工，以配合“亚马逊工人反对监控”在柏林发起，该组织抗议该公司“使用应用程序、手持扫描仪、浏览器工具和摄像头全天候监控其员工”。</blockquote></p><p> \"Working almost anywhere at Amazon is stressful and hazardous to one's health,\" the group said in a statement on its website.</p><p><blockquote>该组织在其网站上的一份声明中表示：“在亚马逊的几乎任何地方工作都充满压力，并且对健康有害。”</blockquote></p><p> In Italy, workers are planning to blockade warehouses and trucks at all Amazon centers across the country, and thousands of drivers are set to strike on Friday.</p><p><blockquote>在意大利，工人们计划封锁全国所有亚马逊中心的仓库和卡车，数千名司机将于周五举行罢工。</blockquote></p><p> Warehouse workers are also striking in France, including at a logistics center in Lille, in support of demands for wage increases and bonuses, and an end to compulsory overtime.</p><p><blockquote>法国的仓库工人也在罢工，包括里尔的一个物流中心，以支持加薪和奖金以及结束强制加班的要求。</blockquote></p><p> They told CNN that Amazon has asked employees to work on all four Saturdays during December, in addition to their usual hours. For this overtime, they would get a bonus of €120 euros ($136) subject to certain conditions, the workers said.</p><p><blockquote>他们告诉美国有线电视新闻网，亚马逊要求员工除了平时的工作时间外，在12月的所有四个星期六都工作。工人们说，对于这次加班，他们将在特定条件下获得120欧元（136美元）的奖金。</blockquote></p><p> It's not clear how disruptive the strikes will be for Amazon, but this holiday shopping season is proving tough for retailers trying to satisfy strongconsumer demandin the face of supply chain disruptions, and shortages of workers and some goods.</p><p><blockquote>目前尚不清楚罢工会对亚马逊造成多大的破坏，但面对供应链中断、工人和一些商品短缺，这个假日购物季对于试图满足消费者强烈需求的零售商来说是艰难的。</blockquote></p><p> Make Amazon Pay was launched a year ago after 50 organizations held strikes and protests in 16 countries around the world, the coalition said.</p><p><blockquote>该联盟表示，一年前，在全球 16 个国家的 50 个组织举行罢工和抗议后，Make Amazon Pay 发起。</blockquote></p><p> \"Today's actions show the scale of resistance to Amazon's exploitation at every link in its chain of abuse,\" said Casper Gelderblom, a coordinator of the group.</p><p><blockquote>该组织协调员卡斯帕·格尔德布洛姆 (Casper Gelderblom) 表示：“今天的行动表明，人们对亚马逊滥用链条中每个环节的剥削行为都存在抵制。”</blockquote></p><p> \"Workers throughout the supply chain are demanding what's rightfully theirs when even Jeff Bezos admits their labor paid for his recent joy ride to space,\" he added.</p><p><blockquote>他补充说：“整个供应链的工人都在要求他们应得的东西，就连杰夫·贝索斯也承认，他们的劳动报酬是他最近愉快地进入太空的报酬。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/11/26/tech/amazon-workers-strike-shopping-holiday/index.html\">CNN</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://edition.cnn.com/2021/11/26/tech/amazon-workers-strike-shopping-holiday/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187736093","content_text":"Amazon(AMZN)is facing strikes by warehouse workers and delivery drivers across Europe as its busiest weekend of the year begins.\nLabor unions in Germany, Italy and France are calling for the company to pay its workers fairly and respect their right to join unions. The strikes have been called to coincide with Amazon's annual Black Friday event, which kicks off a four-day shopping bonanza that culminates in Cyber Monday.\nThe action is part of a wider global protest organized by a group called Make Amazon Pay. The coalition of unions, environmentalists and tax campaigners has called for protests in22 countries around the world, including the United States, Canada, Brazil, and the United Kingdom.\nThe international coalition is also demanding that Amazon \"pays its fair share of taxes and commits to real environmental sustainability.\"\nAn Amazon spokesperson said that the groups represented a variety of interests, and while the company was \"not perfect in any area\" it was taking its role and impact seriously.\"\nWe are inventing and investing significantly in all these areas, playing a significant role in addressing climate change with the Climate Pledge commitment to be net zero carbon by 2040, continuing to offer competitive wages and great benefits, and inventing new ways to keep our employees safe and healthy in our operations network, to name just a few,\" the spokesperson added.\nSome of its workers are not convinced.\nGermany's giant Verdi union organized a strike of warehouse workers to coincide with the launch in Berlin of \"Amazon Workers against Surveillance,\" a group protesting the company's \"use of apps, hand scanners, browser tools and cameras to surveil its workforce 24/7.\"\n\"Working almost anywhere at Amazon is stressful and hazardous to one's health,\" the group said in a statement on its website.\nIn Italy, workers are planning to blockade warehouses and trucks at all Amazon centers across the country, and thousands of drivers are set to strike on Friday.\nWarehouse workers are also striking in France, including at a logistics center in Lille, in support of demands for wage increases and bonuses, and an end to compulsory overtime.\nThey told CNN that Amazon has asked employees to work on all four Saturdays during December, in addition to their usual hours. For this overtime, they would get a bonus of €120 euros ($136) subject to certain conditions, the workers said.\nIt's not clear how disruptive the strikes will be for Amazon, but this holiday shopping season is proving tough for retailers trying to satisfy strongconsumer demandin the face of supply chain disruptions, and shortages of workers and some goods.\nMake Amazon Pay was launched a year ago after 50 organizations held strikes and protests in 16 countries around the world, the coalition said.\n\"Today's actions show the scale of resistance to Amazon's exploitation at every link in its chain of abuse,\" said Casper Gelderblom, a coordinator of the group.\n\"Workers throughout the supply chain are demanding what's rightfully theirs when even Jeff Bezos admits their labor paid for his recent joy ride to space,\" he added.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":3091,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600007722,"gmtCreate":1637997414955,"gmtModify":1637997415223,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/600007722","repostId":"2186344334","repostType":4,"isVote":1,"tweetType":1,"viewCount":3532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874459690,"gmtCreate":1637814516801,"gmtModify":1637814517075,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874459690","repostId":"1105652487","repostType":4,"repost":{"id":"1105652487","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1637812434,"share":"https://www.laohunote.com/m/news/1105652487?lang=zh_CN&edition=full","pubTime":"2021-11-25 11:53","market":"us","language":"en","title":"Stock Wars: Ford Vs. Tesla<blockquote>股票大战：福特与特斯拉</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105652487","media":"Benzinga Earnings","summary":"This week, the duel is between two of the most prominent and often controversial companies in the hi","content":"<p><i>This week, the duel is between two of the most prominent and often controversial companies in the history of the automobile industry:</i><i><b>Ford Motor Company</b></i>&nbsp;<i>and</i>&nbsp;<i><b>Tesla Inc.</b></i><i>.</i></p><p><blockquote><i>本周，汽车行业历史上两家最著名、最常引起争议的公司之间展开了对决：</i><i><b>福特汽车</b></i> <i>和</i> <i><b>特斯拉公司。</b></i><i>.</i></blockquote></p><p> <b>The Case For Ford:</b>The Ford Motor Company was incorporated on June 16, 1903. Its namesake,<b>Henry Ford</b>, had previously started two unsuccessful automobile companies and was initially a vice president in this endeavor — he became president after<b>John S. Gray</b>, the original corporate captain, died of a heart attack in 1906.</p><p><blockquote><b>福特的案例：</b>福特汽车公司成立于1903年6月16日。它的同名，<b>亨利·福特</b>他之前创办了两家不成功的汽车公司，最初是这家公司的副总裁，后来成为总裁。<b>约翰·S·格雷</b>最初的连队队长，于1906年死于心脏病。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c58b93ef6e14ee7631343dfb09b568f5\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> As a company president, Ford was credited with many innovations, including the modernization of the assembly line and instituting an eight-hour day/five days per week working schedule for his workforce.</p><p><blockquote>作为公司总裁，福特被认为有许多创新，包括装配线的现代化和为他的员工制定每周五天每天八小时的工作时间表。</blockquote></p><p> Ford&nbsp;generated criticism for his political actions. He&nbsp;opposed U.S. entry into World War I, partnered with Stalin’s Soviet Union and Hitler’s Germany on automobile production in their regimes and financed anti-Semitic publications.</p><p><blockquote>福特因其政治行为而受到批评。他反对美国加入第一次世界大战，与斯大林的苏联和希特勒的德国合作生产汽车，并资助反犹太出版物。</blockquote></p><p> Today, Ford has facilities in 18 countries and a global workforce of more than 186,000 people.</p><p><blockquote>如今，福特在 18 个国家设有工厂，在全球拥有超过 186,000 名员工。</blockquote></p><p> Among its most recent developments, Ford announced a&nbsp;partnership&nbsp;with semiconductor manufacturer&nbsp;<b>GlobalFoundries Inc.</b>&nbsp;that will involve joint research and development to address the need for an increased chips volume to meet the automotive industry’s needs, including semiconductor solutions for ADAS, battery management systems and in-vehicle networking. The companies also plan to&nbsp;explore “expanded semiconductor manufacturing opportunities to support the automotive industry.”</p><p><blockquote>在其最新发展中，福特宣布与半导体制造商建立合作伙伴关系<b>全球铸造公司。</b>这将涉及联合研发，以满足汽车行业对增加芯片产量的需求，包括用于 ADAS、电池管理系统和车载网络的半导体解决方案。两家公司还计划探索 “扩大半导体制造机会，以支持汽车行业”。</blockquote></p><p> Last week, Ford CEO&nbsp;<b>Jim Farley</b>&nbsp;said the automaker&nbsp;planned&nbsp;to double its electric vehicle production by 2023 to a quantity of 600,000 vehicles a year by the end of 2023, with the goal of becoming the world’s leading EV manufacturer. But also last week, Ford&nbsp;canceled&nbsp;its plans to develop EVs with&nbsp;<b>Rivian Automotive, Inc.</b>, a company that Ford has backed since 2019.</p><p><blockquote>上周，福特首席执行官<b>吉姆·法利</b>表示，该汽车制造商计划到 2023 年将电动汽车产量翻一番，到 2023 年底达到每年 60 万辆，目标是成为世界领先的电动汽车制造商。但同样在上周，福特取消了开发电动汽车的计划<b>Rivian汽车公司。</b>福特自 2019 年以来一直支持该公司。</blockquote></p><p> In its most recent quarterly earnings report, the third-quarter&nbsp;data published on Oct. 27, Ford saw revenue&nbsp;of $35.6 billion, down from $37.5 billion one year earlier. The company also recorded $1.83 billion in net income, a drop from $2.38 billion in the previous year. The third-quarter basic earnings per share of 46 cents was a drop from 60 cents year-over-year. Ford’s board of directors voted to reinstate a regular quarterly dividend starting in the fourth quarter.</p><p><blockquote>在 10 月 27 日发布的最新季度收益报告（第三季度数据）中，福特营收为 356 亿美元，低于去年同期的 375 亿美元。该公司还录得18.3亿美元的净利润，低于上一年的23.8亿美元。第三季度每股基本收益为 46 美分，同比下降 60 美分。福特董事会投票决定从第四季度开始恢复定期季度分红。</blockquote></p><p> In the company’s earnings call, Farley looked ahead to 2022 and insisted the company was “excited and energized about the opportunity in front of us and clear that we have so much more work to do to deliver on Ford's potential. The word I would leave you with is focus. The competitive environment has never been more interesting and tough, and we intend to live up to our promise to compete like a challenger, focusing on our top priorities to unlock Ford+ growth with customers at the very center of everything we do.”</p><p><blockquote>在公司财报看涨期权上，法利展望了 2022 年，并坚称公司 “对摆在我们面前的机遇感到兴奋和充满活力，并清楚地认识到，我们还有很多工作要做，以实现福特的潜力。我想留给大家的是专注。竞争环境从未如此有趣和艰难，我们打算兑现承诺，像挑战者一样竞争，专注于我们的首要任务，以客户为中心，释放福特+的增长”。</blockquote></p><p> Ford closed for Wednesday trading at $20.25, a hair below its 52-week high of $20.79 and far from its 52-week low of $8.43.</p><p><blockquote>福特周三收盘价为 20.25 美元，略低于 52 周高点 20.79 美元，也远低于 52 周低点 8.43 美元。</blockquote></p><p> <b>The Case For Tesla:</b>While it impossible not to talk about Tesla without mentioning CEO&nbsp;<b>Elon Musk</b>, the South African-born entrepreneur was actually a latecomer to the company. Tesla was founded in July 2003 by&nbsp;<b>Martin Eberhard</b>&nbsp;and&nbsp;<b>Marc Tarpenning</b>, with Musk coming on board in February 2004 as chairman via a $6.5-million investment. Musk would become CEO in 2008, with Eberhard and Tarpenning being maneuvered out of the corporate leadership.</p><p><blockquote><b>特斯拉的案例：</b>虽然谈到特斯拉不可能不提到首席执行官<b>埃隆·马斯克</b>这位南非出生的企业家实际上是公司的后来者。特斯拉成立于2003年7月<b>马丁·埃伯哈德</b>和<b>马克·塔彭宁</b>马斯克于 2004 年 2 月投资 650 万美元担任董事长。马斯克将于 2008 年成为首席执行官，埃伯哈德和塔彭宁被调离公司领导层。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4be4fd3aebf3f6c0cdcd64acc204e8b\" tg-width=\"1920\" tg-height=\"1080\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Under Musk, Tesla established itself as the power player in the EV sector —&nbsp;its Model 3 became the first EV to sell 1 million units globally last June, and last month it achieved a $1-trillion market capitalization, which made Musk the world’s richest man.</p><p><blockquote>在马斯克的领导下，特斯拉确立了自己在电动汽车领域的强势地位--去年 6 月，其 Model 3 成为首款在全球销量达到 100 万辆的电动汽车，上个月其市值达到了 1 万亿美元，这使马斯克成为世界首富。</blockquote></p><p> Tesla has a workforce of less than 71,000 and 12 manufacturing facilities spread across the U.S., Canada, Germany and China. Three additional facilities, two in the U.S and one in Germany, are slated to open next year.</p><p><blockquote>特斯拉拥有不到71,000名员工，在美国、加拿大、德国和中国大陆设有12家制造工厂。另外三个工厂，两个在美国，一个在德国，计划于明年开业。</blockquote></p><p> Tesla has also weathered its share of controversies recently.&nbsp;Reuters&nbsp;reported Tuesday that employees at Tesla's new factory near Berlin have taken the first steps to set up a works council,&nbsp;a move that reportedly irritated Musk, who notoriously threatened to strip his U.S. workers of their stock options if they tried to unionize.</p><p><blockquote>特斯拉最近也经受住了争议。路透社周二报道称，特斯拉柏林附近新工厂的员工已采取第一步措施成立劳工委员会，据报道，此举激怒了马斯克，他臭名昭著地威胁说，如果美国工人试图成立工会，就剥夺他们的股票期权。</blockquote></p><p></p><p> The German&nbsp;<b>IG Metall</b>&nbsp;trade union also reported the Berlin Tesla plant is offering wages that are&nbsp;20% below the collectively bargained wages offered at other German automakers.</p><p><blockquote>德国人<b>IG金属</b>工会还报告称，柏林特斯拉工厂提供的工资比其他德国汽车制造商提供的集体谈判工资低 20%。</blockquote></p><p> Last week,news percolated&nbsp;of a sexual harassment lawsuit filed by a woman at the company’s factory in Fremont, California. And the&nbsp;<b>National Highway Traffic Safety Administration</b>(NHTSA) has&nbsp;sought data&nbsp;from all Tesla vehicles produced since 2014 to related to its Autopilot system, with&nbsp;the company’s self-driving cars having crashed into emergency vehicles at least 11 times.</p><p><blockquote>上周，一名妇女在该公司位于加利福尼亚州弗里蒙特的工厂提起性骚扰诉讼的消息不胫而走。和<b>国家公路交通安全管理局</b>(美国国家公路交通安全管理局）已从 2014 年以来生产的所有特斯拉汽车中获取与其自动驾驶系统相关的数据，该公司的自动驾驶汽车至少与紧急车辆相撞 11 次。</blockquote></p><p> In its most recent earnings report, the third-quarter&nbsp;data published on Oct. 20, Tesla saw revenues of $13.7 billion, up from $8.7 billion one year earlier. Net income was $1.6 billion for the quarter, up from $331 million in the previous year. The diluted EPS of $1.44 was up year-over-year from 27 cents.</p><p><blockquote>在 10 月 20 日发布的最新收益报告（第三季度数据）中，特斯拉的收入为 137 亿美元，高于去年同期的 87 亿美元。本季度净利润为 16 亿美元，高于上年同期的 3.31 亿美元。稀释后每股收益为 1.44 美元，同比增长 27 美分。</blockquote></p><p> The quarterly report acknowledged the performance could have been better.</p><p><blockquote>季度报告承认业绩本可以更好。</blockquote></p><p> “A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,” the report stated. “We believe our supply chain, engineering and production teams have been dealing with these global challenges with ingenuity, agility and flexibility that is unparalleled in the automotive industry.”</p><p><blockquote>“报告称：”包括半导体短缺、港口拥堵和轮流停电在内的各种挑战一直在影响我们保持工厂全速运转的能力。“我们相信，我们的供应链、工程和生产团队一直在以汽车行业无与伦比的独创性、敏捷性和灵活性应对这些全球性挑战。”</blockquote></p><p> Tesla closed for trading on Wednesday at $1,116, closer to its 52-week high of $1,243.49 and far from its 52-week low of $526.20.</p><p><blockquote>特斯拉周三收于 1,116 美元，接近 1,243.49 美元的 52 周高点，但远低于 526.20 美元的 52 周低点。</blockquote></p><p> <b>The Verdict:</b>More than a few Benzinga readers may consider this statement to be the stock market equivalent of apostasy, but the winner in this Stock Wars duel is easily Ford and not Tesla. There are four key reasons why Ford is the stronger stock.</p><p><blockquote><b>结论：</b>不少 Benzinga 读者可能会认为这一声明相当于股市的叛教，但这场股票战争决斗的赢家很容易是福特，而不是特斯拉。福特股票走强有四个主要原因。</blockquote></p><p> First, Ford is admittedly late to the EV game, but it has manufacturing resources that Tesla lacks. Farley’s goal of making Ford the world’s biggest EV company is not farfetched based on its global presence. Tesla is late to the European market and might be putting too much hope on gaining a leadership position in China, where U.S. companies are never allowed to be a dominant player in any sector.</p><p><blockquote>首先，福特诚然在电动汽车游戏中姗姗来迟，但它拥有特斯拉所缺乏的制造资源。鉴于福特在全球的影响力，法利将福特打造成全球最大的电动汽车公司的目标并不遥远。特斯拉进入欧洲市场的时间较晚，可能对在中国获得领导地位寄予了太多希望，因为在中国，美国公司永远不允许在任何行业占据主导地位。</blockquote></p><p> Second, Ford has already produced a superior product. Last week,<b>Consumer Reports</b>&nbsp;judgedFord’s five-door electric crossover Mustang Mach-E as being better than Tesla Model 3 sedan and other electric models in its latest annual reliability score. And while both the Mach-E and Tesla vehicles were subject to recalls earlier this year due to problems with their glass roofs, at least the NHTSA is not demanding seven years of data from Ford.</p><p><blockquote>第二，福特已经生产出了一款优秀的产品。上周，<b>消费者报告</b>在最新的年度可靠性评分中，judgedFord 的五门电动跨界车野马 Mach-E 优于特斯拉 Model 3 轿车和其他电动车型。尽管 Mach-E 和特斯拉汽车因玻璃车顶问题而在今年早些时候被召回，但至少 NHTSA 没有要求福特提供七年的数据。</blockquote></p><p> Third, Ford is investing in its future via its aforementioned partnership with GlobalFoundries and with a partnership involving&nbsp;<b>Walmart</b>&nbsp;and Argo AI on “last mile” autonomous-vehicle delivery service. In comparison, Musk seems more interested in picking social media fights with his peers in the corporate world than building relationships to boost the company.</p><p><blockquote>第三，福特正在通过上述与 GlobalFoundries 的合作伙伴关系以及涉及<b>沃尔玛</b>Argo AI 提供 “最后一英里 ”自动驾驶汽车送货服务。相比之下，马斯克似乎更感兴趣的是与企业界的同行进行社交媒体斗争，而不是建立关系来推动公司发展。</blockquote></p><p> Fourth, Ford learned the hard way what happens when a corporate leader runs his mouth off unchecked. In 1997, 50 years after Henry Ford died, Ford sponsored an advertising-free broadcast on NBC of&nbsp;<b>Steven Spielberg’s</b>&nbsp;Academy Award-winning Holocaust drama “Schindler’s List” — and while the company insisted otherwise, it was fairly obvious that Ford was atoning for its founder’s miserable anti-Semitism and the use of slave labor in its German operations before the U.S. entry into World War II.</p><p><blockquote>第四，福特从惨痛的经历中了解到，当一个企业领导人不加控制地说话时会发生什么。1997 年，亨利·福特去世 50 年后，福特赞助了 NBC 的无广告节目。<b>史蒂文·斯皮尔伯格</b>曾获奥斯卡奖的大屠杀题材剧情片《辛德勒的名单》--虽然该公司一口咬定，但很明显，福特是在为其创始人悲惨的反犹太主义和在美国加入第二次世界大战前在德国业务中使用奴隶劳动而赎罪。</blockquote></p><p> Mercifully, Musk’s tweets and media antics do not carry the dismal emotional and intellectual shackles of Ford’s actions. Nonetheless, Musk often seems more interested in the sound of his voice, to the point of obscuring his company rather than enhancing it —&nbsp;and his reckless tweets and questionable corporate judgment has already brought federal government actions and lawsuits aimed at him and his company, and it is not impossible to imagine more will follow if he keeps on this route.</p><p><blockquote>幸运的是，马斯克的推文和媒体滑稽动作并没有像福特的行为那样带有令人沮丧的情感和智力枷锁。尽管如此，马斯克似乎往往对自己的声音更感兴趣，以至于掩盖了他的公司，而不是增强了它——他鲁莽的推文和可疑的企业判断已经引发了联邦政府针对他和他的公司的行动和诉讼，如果他继续走这条路，可以想象会有更多的事情发生。</blockquote></p><p> Musk’s flippancy might be amusing today, but come back in a few years and it will not be difficult to imagine Ford having the proverbial last laugh at his expense.</p><p><blockquote>马斯克的轻率在今天可能很有趣，但几年后回来，不难想象福特会以他为代价笑到最后。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Wars: Ford Vs. Tesla<blockquote>股票大战：福特与特斯拉</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Wars: Ford Vs. Tesla<blockquote>股票大战：福特与特斯拉</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-11-25 11:53</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><i>This week, the duel is between two of the most prominent and often controversial companies in the history of the automobile industry:</i><i><b>Ford Motor Company</b></i>&nbsp;<i>and</i>&nbsp;<i><b>Tesla Inc.</b></i><i>.</i></p><p><blockquote><i>本周，汽车行业历史上两家最著名、最常引起争议的公司之间展开了对决：</i><i><b>福特汽车</b></i> <i>和</i> <i><b>特斯拉公司。</b></i><i>.</i></blockquote></p><p> <b>The Case For Ford:</b>The Ford Motor Company was incorporated on June 16, 1903. Its namesake,<b>Henry Ford</b>, had previously started two unsuccessful automobile companies and was initially a vice president in this endeavor — he became president after<b>John S. Gray</b>, the original corporate captain, died of a heart attack in 1906.</p><p><blockquote><b>福特的案例：</b>福特汽车公司成立于1903年6月16日。它的同名，<b>亨利·福特</b>他之前创办了两家不成功的汽车公司，最初是这家公司的副总裁，后来成为总裁。<b>约翰·S·格雷</b>最初的连队队长，于1906年死于心脏病。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c58b93ef6e14ee7631343dfb09b568f5\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> As a company president, Ford was credited with many innovations, including the modernization of the assembly line and instituting an eight-hour day/five days per week working schedule for his workforce.</p><p><blockquote>作为公司总裁，福特被认为有许多创新，包括装配线的现代化和为他的员工制定每周五天每天八小时的工作时间表。</blockquote></p><p> Ford&nbsp;generated criticism for his political actions. He&nbsp;opposed U.S. entry into World War I, partnered with Stalin’s Soviet Union and Hitler’s Germany on automobile production in their regimes and financed anti-Semitic publications.</p><p><blockquote>福特因其政治行为而受到批评。他反对美国加入第一次世界大战，与斯大林的苏联和希特勒的德国合作生产汽车，并资助反犹太出版物。</blockquote></p><p> Today, Ford has facilities in 18 countries and a global workforce of more than 186,000 people.</p><p><blockquote>如今，福特在 18 个国家设有工厂，在全球拥有超过 186,000 名员工。</blockquote></p><p> Among its most recent developments, Ford announced a&nbsp;partnership&nbsp;with semiconductor manufacturer&nbsp;<b>GlobalFoundries Inc.</b>&nbsp;that will involve joint research and development to address the need for an increased chips volume to meet the automotive industry’s needs, including semiconductor solutions for ADAS, battery management systems and in-vehicle networking. The companies also plan to&nbsp;explore “expanded semiconductor manufacturing opportunities to support the automotive industry.”</p><p><blockquote>在其最新发展中，福特宣布与半导体制造商建立合作伙伴关系<b>全球铸造公司。</b>这将涉及联合研发，以满足汽车行业对增加芯片产量的需求，包括用于 ADAS、电池管理系统和车载网络的半导体解决方案。两家公司还计划探索 “扩大半导体制造机会，以支持汽车行业”。</blockquote></p><p> Last week, Ford CEO&nbsp;<b>Jim Farley</b>&nbsp;said the automaker&nbsp;planned&nbsp;to double its electric vehicle production by 2023 to a quantity of 600,000 vehicles a year by the end of 2023, with the goal of becoming the world’s leading EV manufacturer. But also last week, Ford&nbsp;canceled&nbsp;its plans to develop EVs with&nbsp;<b>Rivian Automotive, Inc.</b>, a company that Ford has backed since 2019.</p><p><blockquote>上周，福特首席执行官<b>吉姆·法利</b>表示，该汽车制造商计划到 2023 年将电动汽车产量翻一番，到 2023 年底达到每年 60 万辆，目标是成为世界领先的电动汽车制造商。但同样在上周，福特取消了开发电动汽车的计划<b>Rivian汽车公司。</b>福特自 2019 年以来一直支持该公司。</blockquote></p><p> In its most recent quarterly earnings report, the third-quarter&nbsp;data published on Oct. 27, Ford saw revenue&nbsp;of $35.6 billion, down from $37.5 billion one year earlier. The company also recorded $1.83 billion in net income, a drop from $2.38 billion in the previous year. The third-quarter basic earnings per share of 46 cents was a drop from 60 cents year-over-year. Ford’s board of directors voted to reinstate a regular quarterly dividend starting in the fourth quarter.</p><p><blockquote>在 10 月 27 日发布的最新季度收益报告（第三季度数据）中，福特营收为 356 亿美元，低于去年同期的 375 亿美元。该公司还录得18.3亿美元的净利润，低于上一年的23.8亿美元。第三季度每股基本收益为 46 美分，同比下降 60 美分。福特董事会投票决定从第四季度开始恢复定期季度分红。</blockquote></p><p> In the company’s earnings call, Farley looked ahead to 2022 and insisted the company was “excited and energized about the opportunity in front of us and clear that we have so much more work to do to deliver on Ford's potential. The word I would leave you with is focus. The competitive environment has never been more interesting and tough, and we intend to live up to our promise to compete like a challenger, focusing on our top priorities to unlock Ford+ growth with customers at the very center of everything we do.”</p><p><blockquote>在公司财报看涨期权上，法利展望了 2022 年，并坚称公司 “对摆在我们面前的机遇感到兴奋和充满活力，并清楚地认识到，我们还有很多工作要做，以实现福特的潜力。我想留给大家的是专注。竞争环境从未如此有趣和艰难，我们打算兑现承诺，像挑战者一样竞争，专注于我们的首要任务，以客户为中心，释放福特+的增长”。</blockquote></p><p> Ford closed for Wednesday trading at $20.25, a hair below its 52-week high of $20.79 and far from its 52-week low of $8.43.</p><p><blockquote>福特周三收盘价为 20.25 美元，略低于 52 周高点 20.79 美元，也远低于 52 周低点 8.43 美元。</blockquote></p><p> <b>The Case For Tesla:</b>While it impossible not to talk about Tesla without mentioning CEO&nbsp;<b>Elon Musk</b>, the South African-born entrepreneur was actually a latecomer to the company. Tesla was founded in July 2003 by&nbsp;<b>Martin Eberhard</b>&nbsp;and&nbsp;<b>Marc Tarpenning</b>, with Musk coming on board in February 2004 as chairman via a $6.5-million investment. Musk would become CEO in 2008, with Eberhard and Tarpenning being maneuvered out of the corporate leadership.</p><p><blockquote><b>特斯拉的案例：</b>虽然谈到特斯拉不可能不提到首席执行官<b>埃隆·马斯克</b>这位南非出生的企业家实际上是公司的后来者。特斯拉成立于2003年7月<b>马丁·埃伯哈德</b>和<b>马克·塔彭宁</b>马斯克于 2004 年 2 月投资 650 万美元担任董事长。马斯克将于 2008 年成为首席执行官，埃伯哈德和塔彭宁被调离公司领导层。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4be4fd3aebf3f6c0cdcd64acc204e8b\" tg-width=\"1920\" tg-height=\"1080\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Under Musk, Tesla established itself as the power player in the EV sector —&nbsp;its Model 3 became the first EV to sell 1 million units globally last June, and last month it achieved a $1-trillion market capitalization, which made Musk the world’s richest man.</p><p><blockquote>在马斯克的领导下，特斯拉确立了自己在电动汽车领域的强势地位--去年 6 月，其 Model 3 成为首款在全球销量达到 100 万辆的电动汽车，上个月其市值达到了 1 万亿美元，这使马斯克成为世界首富。</blockquote></p><p> Tesla has a workforce of less than 71,000 and 12 manufacturing facilities spread across the U.S., Canada, Germany and China. Three additional facilities, two in the U.S and one in Germany, are slated to open next year.</p><p><blockquote>特斯拉拥有不到71,000名员工，在美国、加拿大、德国和中国大陆设有12家制造工厂。另外三个工厂，两个在美国，一个在德国，计划于明年开业。</blockquote></p><p> Tesla has also weathered its share of controversies recently.&nbsp;Reuters&nbsp;reported Tuesday that employees at Tesla's new factory near Berlin have taken the first steps to set up a works council,&nbsp;a move that reportedly irritated Musk, who notoriously threatened to strip his U.S. workers of their stock options if they tried to unionize.</p><p><blockquote>特斯拉最近也经受住了争议。路透社周二报道称，特斯拉柏林附近新工厂的员工已采取第一步措施成立劳工委员会，据报道，此举激怒了马斯克，他臭名昭著地威胁说，如果美国工人试图成立工会，就剥夺他们的股票期权。</blockquote></p><p></p><p> The German&nbsp;<b>IG Metall</b>&nbsp;trade union also reported the Berlin Tesla plant is offering wages that are&nbsp;20% below the collectively bargained wages offered at other German automakers.</p><p><blockquote>德国人<b>IG金属</b>工会还报告称，柏林特斯拉工厂提供的工资比其他德国汽车制造商提供的集体谈判工资低 20%。</blockquote></p><p> Last week,news percolated&nbsp;of a sexual harassment lawsuit filed by a woman at the company’s factory in Fremont, California. And the&nbsp;<b>National Highway Traffic Safety Administration</b>(NHTSA) has&nbsp;sought data&nbsp;from all Tesla vehicles produced since 2014 to related to its Autopilot system, with&nbsp;the company’s self-driving cars having crashed into emergency vehicles at least 11 times.</p><p><blockquote>上周，一名妇女在该公司位于加利福尼亚州弗里蒙特的工厂提起性骚扰诉讼的消息不胫而走。和<b>国家公路交通安全管理局</b>(美国国家公路交通安全管理局）已从 2014 年以来生产的所有特斯拉汽车中获取与其自动驾驶系统相关的数据，该公司的自动驾驶汽车至少与紧急车辆相撞 11 次。</blockquote></p><p> In its most recent earnings report, the third-quarter&nbsp;data published on Oct. 20, Tesla saw revenues of $13.7 billion, up from $8.7 billion one year earlier. Net income was $1.6 billion for the quarter, up from $331 million in the previous year. The diluted EPS of $1.44 was up year-over-year from 27 cents.</p><p><blockquote>在 10 月 20 日发布的最新收益报告（第三季度数据）中，特斯拉的收入为 137 亿美元，高于去年同期的 87 亿美元。本季度净利润为 16 亿美元，高于上年同期的 3.31 亿美元。稀释后每股收益为 1.44 美元，同比增长 27 美分。</blockquote></p><p> The quarterly report acknowledged the performance could have been better.</p><p><blockquote>季度报告承认业绩本可以更好。</blockquote></p><p> “A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,” the report stated. “We believe our supply chain, engineering and production teams have been dealing with these global challenges with ingenuity, agility and flexibility that is unparalleled in the automotive industry.”</p><p><blockquote>“报告称：”包括半导体短缺、港口拥堵和轮流停电在内的各种挑战一直在影响我们保持工厂全速运转的能力。“我们相信，我们的供应链、工程和生产团队一直在以汽车行业无与伦比的独创性、敏捷性和灵活性应对这些全球性挑战。”</blockquote></p><p> Tesla closed for trading on Wednesday at $1,116, closer to its 52-week high of $1,243.49 and far from its 52-week low of $526.20.</p><p><blockquote>特斯拉周三收于 1,116 美元，接近 1,243.49 美元的 52 周高点，但远低于 526.20 美元的 52 周低点。</blockquote></p><p> <b>The Verdict:</b>More than a few Benzinga readers may consider this statement to be the stock market equivalent of apostasy, but the winner in this Stock Wars duel is easily Ford and not Tesla. There are four key reasons why Ford is the stronger stock.</p><p><blockquote><b>结论：</b>不少 Benzinga 读者可能会认为这一声明相当于股市的叛教，但这场股票战争决斗的赢家很容易是福特，而不是特斯拉。福特股票走强有四个主要原因。</blockquote></p><p> First, Ford is admittedly late to the EV game, but it has manufacturing resources that Tesla lacks. Farley’s goal of making Ford the world’s biggest EV company is not farfetched based on its global presence. Tesla is late to the European market and might be putting too much hope on gaining a leadership position in China, where U.S. companies are never allowed to be a dominant player in any sector.</p><p><blockquote>首先，福特诚然在电动汽车游戏中姗姗来迟，但它拥有特斯拉所缺乏的制造资源。鉴于福特在全球的影响力，法利将福特打造成全球最大的电动汽车公司的目标并不遥远。特斯拉进入欧洲市场的时间较晚，可能对在中国获得领导地位寄予了太多希望，因为在中国，美国公司永远不允许在任何行业占据主导地位。</blockquote></p><p> Second, Ford has already produced a superior product. Last week,<b>Consumer Reports</b>&nbsp;judgedFord’s five-door electric crossover Mustang Mach-E as being better than Tesla Model 3 sedan and other electric models in its latest annual reliability score. And while both the Mach-E and Tesla vehicles were subject to recalls earlier this year due to problems with their glass roofs, at least the NHTSA is not demanding seven years of data from Ford.</p><p><blockquote>第二，福特已经生产出了一款优秀的产品。上周，<b>消费者报告</b>在最新的年度可靠性评分中，judgedFord 的五门电动跨界车野马 Mach-E 优于特斯拉 Model 3 轿车和其他电动车型。尽管 Mach-E 和特斯拉汽车因玻璃车顶问题而在今年早些时候被召回，但至少 NHTSA 没有要求福特提供七年的数据。</blockquote></p><p> Third, Ford is investing in its future via its aforementioned partnership with GlobalFoundries and with a partnership involving&nbsp;<b>Walmart</b>&nbsp;and Argo AI on “last mile” autonomous-vehicle delivery service. In comparison, Musk seems more interested in picking social media fights with his peers in the corporate world than building relationships to boost the company.</p><p><blockquote>第三，福特正在通过上述与 GlobalFoundries 的合作伙伴关系以及涉及<b>沃尔玛</b>Argo AI 提供 “最后一英里 ”自动驾驶汽车送货服务。相比之下，马斯克似乎更感兴趣的是与企业界的同行进行社交媒体斗争，而不是建立关系来推动公司发展。</blockquote></p><p> Fourth, Ford learned the hard way what happens when a corporate leader runs his mouth off unchecked. In 1997, 50 years after Henry Ford died, Ford sponsored an advertising-free broadcast on NBC of&nbsp;<b>Steven Spielberg’s</b>&nbsp;Academy Award-winning Holocaust drama “Schindler’s List” — and while the company insisted otherwise, it was fairly obvious that Ford was atoning for its founder’s miserable anti-Semitism and the use of slave labor in its German operations before the U.S. entry into World War II.</p><p><blockquote>第四，福特从惨痛的经历中了解到，当一个企业领导人不加控制地说话时会发生什么。1997 年，亨利·福特去世 50 年后，福特赞助了 NBC 的无广告节目。<b>史蒂文·斯皮尔伯格</b>曾获奥斯卡奖的大屠杀题材剧情片《辛德勒的名单》--虽然该公司一口咬定，但很明显，福特是在为其创始人悲惨的反犹太主义和在美国加入第二次世界大战前在德国业务中使用奴隶劳动而赎罪。</blockquote></p><p> Mercifully, Musk’s tweets and media antics do not carry the dismal emotional and intellectual shackles of Ford’s actions. Nonetheless, Musk often seems more interested in the sound of his voice, to the point of obscuring his company rather than enhancing it —&nbsp;and his reckless tweets and questionable corporate judgment has already brought federal government actions and lawsuits aimed at him and his company, and it is not impossible to imagine more will follow if he keeps on this route.</p><p><blockquote>幸运的是，马斯克的推文和媒体滑稽动作并没有像福特的行为那样带有令人沮丧的情感和智力枷锁。尽管如此，马斯克似乎往往对自己的声音更感兴趣，以至于掩盖了他的公司，而不是增强了它——他鲁莽的推文和可疑的企业判断已经引发了联邦政府针对他和他的公司的行动和诉讼，如果他继续走这条路，可以想象会有更多的事情发生。</blockquote></p><p> Musk’s flippancy might be amusing today, but come back in a few years and it will not be difficult to imagine Ford having the proverbial last laugh at his expense.</p><p><blockquote>马斯克的轻率在今天可能很有趣，但几年后回来，不难想象福特会以他为代价笑到最后。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","F":"福特汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105652487","content_text":"This week, the duel is between two of the most prominent and often controversial companies in the history of the automobile industry:Ford Motor Company and Tesla Inc..\nThe Case For Ford:The Ford Motor Company was incorporated on June 16, 1903. Its namesake,Henry Ford, had previously started two unsuccessful automobile companies and was initially a vice president in this endeavor — he became president afterJohn S. Gray, the original corporate captain, died of a heart attack in 1906.\n\nAs a company president, Ford was credited with many innovations, including the modernization of the assembly line and instituting an eight-hour day/five days per week working schedule for his workforce.\nFord generated criticism for his political actions. He opposed U.S. entry into World War I, partnered with Stalin’s Soviet Union and Hitler’s Germany on automobile production in their regimes and financed anti-Semitic publications.\nToday, Ford has facilities in 18 countries and a global workforce of more than 186,000 people.\nAmong its most recent developments, Ford announced a partnership with semiconductor manufacturer GlobalFoundries Inc. that will involve joint research and development to address the need for an increased chips volume to meet the automotive industry’s needs, including semiconductor solutions for ADAS, battery management systems and in-vehicle networking. The companies also plan to explore “expanded semiconductor manufacturing opportunities to support the automotive industry.”\nLast week, Ford CEO Jim Farley said the automaker planned to double its electric vehicle production by 2023 to a quantity of 600,000 vehicles a year by the end of 2023, with the goal of becoming the world’s leading EV manufacturer. But also last week, Ford canceled its plans to develop EVs with Rivian Automotive, Inc., a company that Ford has backed since 2019.\nIn its most recent quarterly earnings report, the third-quarter data published on Oct. 27, Ford saw revenue of $35.6 billion, down from $37.5 billion one year earlier. The company also recorded $1.83 billion in net income, a drop from $2.38 billion in the previous year. The third-quarter basic earnings per share of 46 cents was a drop from 60 cents year-over-year. Ford’s board of directors voted to reinstate a regular quarterly dividend starting in the fourth quarter.\nIn the company’s earnings call, Farley looked ahead to 2022 and insisted the company was “excited and energized about the opportunity in front of us and clear that we have so much more work to do to deliver on Ford's potential. The word I would leave you with is focus. The competitive environment has never been more interesting and tough, and we intend to live up to our promise to compete like a challenger, focusing on our top priorities to unlock Ford+ growth with customers at the very center of everything we do.”\nFord closed for Wednesday trading at $20.25, a hair below its 52-week high of $20.79 and far from its 52-week low of $8.43.\nThe Case For Tesla:While it impossible not to talk about Tesla without mentioning CEO Elon Musk, the South African-born entrepreneur was actually a latecomer to the company. Tesla was founded in July 2003 by Martin Eberhard and Marc Tarpenning, with Musk coming on board in February 2004 as chairman via a $6.5-million investment. Musk would become CEO in 2008, with Eberhard and Tarpenning being maneuvered out of the corporate leadership.\n\nUnder Musk, Tesla established itself as the power player in the EV sector — its Model 3 became the first EV to sell 1 million units globally last June, and last month it achieved a $1-trillion market capitalization, which made Musk the world’s richest man.\nTesla has a workforce of less than 71,000 and 12 manufacturing facilities spread across the U.S., Canada, Germany and China. Three additional facilities, two in the U.S and one in Germany, are slated to open next year.\nTesla has also weathered its share of controversies recently. Reuters reported Tuesday that employees at Tesla's new factory near Berlin have taken the first steps to set up a works council, a move that reportedly irritated Musk, who notoriously threatened to strip his U.S. workers of their stock options if they tried to unionize.\nThe German IG Metall trade union also reported the Berlin Tesla plant is offering wages that are 20% below the collectively bargained wages offered at other German automakers.\nLast week,news percolated of a sexual harassment lawsuit filed by a woman at the company’s factory in Fremont, California. And the National Highway Traffic Safety Administration(NHTSA) has sought data from all Tesla vehicles produced since 2014 to related to its Autopilot system, with the company’s self-driving cars having crashed into emergency vehicles at least 11 times.\nIn its most recent earnings report, the third-quarter data published on Oct. 20, Tesla saw revenues of $13.7 billion, up from $8.7 billion one year earlier. Net income was $1.6 billion for the quarter, up from $331 million in the previous year. The diluted EPS of $1.44 was up year-over-year from 27 cents.\nThe quarterly report acknowledged the performance could have been better.\n“A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,” the report stated. “We believe our supply chain, engineering and production teams have been dealing with these global challenges with ingenuity, agility and flexibility that is unparalleled in the automotive industry.”\nTesla closed for trading on Wednesday at $1,116, closer to its 52-week high of $1,243.49 and far from its 52-week low of $526.20.\nThe Verdict:More than a few Benzinga readers may consider this statement to be the stock market equivalent of apostasy, but the winner in this Stock Wars duel is easily Ford and not Tesla. There are four key reasons why Ford is the stronger stock.\nFirst, Ford is admittedly late to the EV game, but it has manufacturing resources that Tesla lacks. Farley’s goal of making Ford the world’s biggest EV company is not farfetched based on its global presence. Tesla is late to the European market and might be putting too much hope on gaining a leadership position in China, where U.S. companies are never allowed to be a dominant player in any sector.\nSecond, Ford has already produced a superior product. Last week,Consumer Reports judgedFord’s five-door electric crossover Mustang Mach-E as being better than Tesla Model 3 sedan and other electric models in its latest annual reliability score. And while both the Mach-E and Tesla vehicles were subject to recalls earlier this year due to problems with their glass roofs, at least the NHTSA is not demanding seven years of data from Ford.\nThird, Ford is investing in its future via its aforementioned partnership with GlobalFoundries and with a partnership involving Walmart and Argo AI on “last mile” autonomous-vehicle delivery service. In comparison, Musk seems more interested in picking social media fights with his peers in the corporate world than building relationships to boost the company.\nFourth, Ford learned the hard way what happens when a corporate leader runs his mouth off unchecked. In 1997, 50 years after Henry Ford died, Ford sponsored an advertising-free broadcast on NBC of Steven Spielberg’s Academy Award-winning Holocaust drama “Schindler’s List” — and while the company insisted otherwise, it was fairly obvious that Ford was atoning for its founder’s miserable anti-Semitism and the use of slave labor in its German operations before the U.S. entry into World War II.\nMercifully, Musk’s tweets and media antics do not carry the dismal emotional and intellectual shackles of Ford’s actions. Nonetheless, Musk often seems more interested in the sound of his voice, to the point of obscuring his company rather than enhancing it — and his reckless tweets and questionable corporate judgment has already brought federal government actions and lawsuits aimed at him and his company, and it is not impossible to imagine more will follow if he keeps on this route.\nMusk’s flippancy might be amusing today, but come back in a few years and it will not be difficult to imagine Ford having the proverbial last laugh at his expense.","news_type":1,"symbols_score_info":{"F":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":4476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874459864,"gmtCreate":1637814505656,"gmtModify":1637814505948,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874459864","repostId":"1145276842","repostType":4,"repost":{"id":"1145276842","kind":"news","pubTimestamp":1637812625,"share":"https://www.laohunote.com/m/news/1145276842?lang=zh_CN&edition=full","pubTime":"2021-11-25 11:57","market":"us","language":"en","title":"Peloton Has Tumbled From Its Peak. What to Do With Your Beaten-Down Shares.<blockquote>Peloton 已经从巅峰时期跌落。如何处理你被打压的股票。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145276842","media":"Barrons","summary":"It’s almost time to bid adieu to 2021, which means its time for an end-of-year review of your portfo","content":"<p>It’s almost time to bid adieu to 2021, which means its time for an end-of-year review of your portfolio to identify losses and gains. Try to understand what went wrong and what went right—and why—and recalibrate for 2022.</p><p><blockquote>即将告别 2021 年，这意味着是时候对您的投资组合进行年终回顾，以确定损失和收益。尝试了解哪些做错了，哪些做对了——以及为什么——并为2022年重新校准。</blockquote></p><p> If possible, take advantage of soured investments that might have long-term merit. If you bought a stock at a higher price, it might make sense from a tax perspective to take the loss against other gains and restart the investment from a lower price, a strategy known as “doubling up.”</p><p><blockquote>如果可能的话，利用可能具有长期价值的劣质投资。如果你以较高的价格购买了一只股票，从税务角度来看，用其他收益来抵消损失，然后以较低的价格重新开始投资，这种策略被称为 “翻倍 ”。</blockquote></p><p> Peloton Interactive&nbsp;(ticker: PTON), which rose to prominence during the pandemic and has since messily fallen from the market’s bullish summits into the ash heap of troubled companies. might just fit the bill.</p><p><blockquote>Peloton Interactive（股票代码：PTON）在大流行病期间声名鹊起，此后又从市场看涨的顶峰跌落到陷入困境的公司的灰烬堆。可能正好符合要求。</blockquote></p><p> Peloton, as most everyone knows, makes exercise bikes with video monitors that enable people to take classes with world-class instructors from their homes. The company enjoyed extraordinary success during the pandemic, only to be undone by manufacturing woes and ultimately by the Covid vaccine, which enabled gyms to reopen.</p><p><blockquote>众所周知，Peloton生产带有视频监视器的健身车，使人们能够在家中与世界级教练一起上课。该公司在疫情期间取得了非凡的成功，但被制造困境和最终的Covid疫苗所抵消，这使得健身房得以重新开放。</blockquote></p><p> Yet Peloton continues to have a cultlike following. Instructors like Cody Rigsby have become celebrities. And the company has just begun a big trade-in program: People who buy a new bike can swap their old one for a $700 rebate and accessories.</p><p><blockquote>然而，Peloton 仍然拥有狂热的追随者。像科迪·里格斯比这样的教练已经成为名人。该公司刚刚启动了一项大型以旧换新计划：购买新自行车的人可以用旧自行车换取 700 美元的回扣和配件。</blockquote></p><p> Investors who bought Peloton at higher prices could double up on the stock to reset the cost basis and position for a potential recovery. The deadline to buy new stock to capture losses for this year is Nov. 30. After that date, there won’t be enough time to avoid the Internal Revenue Service’s wash-sale rule, which restricts loss deductions by investors who buy the same holding within 30 days before or after a sale.</p><p><blockquote>以更高价格购买 Peloton 的投资者可以加倍购买该股，以重置成本基础和潜在复苏的头寸。购买新股以弥补今年损失的截止日期是 11 月 30 日。在此日期之后，将没有足够的时间来避免美国国税局的洗盘规则，该规则限制投资者在出售前后 30 天内购买同一持股的损失扣除。</blockquote></p><p> Peloton investors can buy the same number of shares and hold them for 30 days. On the 31st day, the original tax lot of Peloton shares—the stock you bought at higher prices—can be sold. Anyone who does that should be able to claim a loss on their tax returns. Consult your tax adviser.</p><p><blockquote>Peloton投资者可以购买相同数量的股票并持有30天。第 31 天，Peloton 股票的原始税收部分（您以更高价格购买的股票）可以出售。任何这样做的人都应该能够在纳税申报表上申报损失。咨询你的税务顾问。</blockquote></p><p> While doubling up with stock is the usual method, Michael Schwartz, Oppenheimer’s chief options strategist, prefers using call options to limit risk and expense. The mechanics of the trade are the same, but options are less expensive than stock.</p><p><blockquote>虽然加倍股票是常用的方法，但奥本海默的首席期权策略师 Michael Schwartz 更喜欢使用看涨期权期权来限制风险和费用。交易机制是相同的，但期权比股票便宜。</blockquote></p><p> Schwartz recently told clients who bought Peloton near its high price to double up with March $45 calls, which cost about $6.60 when the stock was $42.97. On the 31st day, the original tax lot could still be sold, and investors would own only the equivalent number of calls. (Each call represents 100 shares, so you would need 10 calls to cover 1,000 shares, for example.)</p><p><blockquote>Schwartz 最近告诉在高价附近购买 Peloton 的客户，3 月份 45 美元的评级价格翻倍，当时股价为 42.97 美元，价格约为 6.60 美元。31日，原来的纳税地段仍然可以出售，投资者将只拥有同等数量的评级。（每个看涨期权代表 100 股，因此您需要 10 个评级来覆盖 1,000 股。）</blockquote></p><p> Again, the time frame is critical. Should the stock be sold before 30 days have expired, investors would violate the wash-sale rule and the IRS won’t allow the loss, Schwartz counseled.</p><p><blockquote>同样，时间框架至关重要。施瓦茨建议，如果股票在 30 天到期前被出售，投资者将违反洗盘规则，国税局也不会允许损失。</blockquote></p><p> During the past 52 weeks, Peloton has ranged from $43.13 to $171.09.</p><p><blockquote>在过去 52 周内，Peloton 的价格在 43.13 美元至 171.09 美元之间波动。</blockquote></p><p> Some will wonder why Schwartz chose a March call, which expires in about 120 days. The answer is simple. Peloton is a “show me, don’t tell me” company. The management team has arguably lost the trust of investors as the stock has tumbled from all-time highs. Plus, the company recently said that it wouldn’t need to raise capital, only to subsequently say that it would sell more stock to raise capital.</p><p><blockquote>有些人会想知道为什么施瓦茨选择了大约120天后到期的3月份看涨期权。答案很简单。Peloton 是一家 “给我看，不要告诉我 ”的公司。随着该股从历史高点暴跌，管理团队可以说已经失去了投资者的信任。此外，该公司最近表示不需要筹集资金，但随后又表示将出售更多股票来筹集资金。</blockquote></p><p> Still, the Peloton cult is a valuable asset, even if it is hard to value by traditional metrics. The double-up trade expresses a view that the company’s management team will rise to the occasion and try to be as good as the instructors and the community. If not, well, the cost basis was reset, a tax advantage was realized, and the journey of risk and return begins anew.</p><p><blockquote>尽管如此，Peloton cult 仍然是一项宝贵的资产，即使很难用传统指标来评估它的价值。双倍交易表达了这样一种观点，即公司的管理团队将迎难而上，努力做到与教练和社区一样优秀。如果没有，那么成本基础被重置，税收优势被实现，风险和回报的旅程重新开始。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Peloton Has Tumbled From Its Peak. What to Do With Your Beaten-Down Shares.<blockquote>Peloton 已经从巅峰时期跌落。如何处理你被打压的股票。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeloton Has Tumbled From Its Peak. What to Do With Your Beaten-Down Shares.<blockquote>Peloton 已经从巅峰时期跌落。如何处理你被打压的股票。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-25 11:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s almost time to bid adieu to 2021, which means its time for an end-of-year review of your portfolio to identify losses and gains. Try to understand what went wrong and what went right—and why—and recalibrate for 2022.</p><p><blockquote>即将告别 2021 年，这意味着是时候对您的投资组合进行年终回顾，以确定损失和收益。尝试了解哪些做错了，哪些做对了——以及为什么——并为2022年重新校准。</blockquote></p><p> If possible, take advantage of soured investments that might have long-term merit. If you bought a stock at a higher price, it might make sense from a tax perspective to take the loss against other gains and restart the investment from a lower price, a strategy known as “doubling up.”</p><p><blockquote>如果可能的话，利用可能具有长期价值的劣质投资。如果你以较高的价格购买了一只股票，从税务角度来看，用其他收益来抵消损失，然后以较低的价格重新开始投资，这种策略被称为 “翻倍 ”。</blockquote></p><p> Peloton Interactive&nbsp;(ticker: PTON), which rose to prominence during the pandemic and has since messily fallen from the market’s bullish summits into the ash heap of troubled companies. might just fit the bill.</p><p><blockquote>Peloton Interactive（股票代码：PTON）在大流行病期间声名鹊起，此后又从市场看涨的顶峰跌落到陷入困境的公司的灰烬堆。可能正好符合要求。</blockquote></p><p> Peloton, as most everyone knows, makes exercise bikes with video monitors that enable people to take classes with world-class instructors from their homes. The company enjoyed extraordinary success during the pandemic, only to be undone by manufacturing woes and ultimately by the Covid vaccine, which enabled gyms to reopen.</p><p><blockquote>众所周知，Peloton生产带有视频监视器的健身车，使人们能够在家中与世界级教练一起上课。该公司在疫情期间取得了非凡的成功，但被制造困境和最终的Covid疫苗所抵消，这使得健身房得以重新开放。</blockquote></p><p> Yet Peloton continues to have a cultlike following. Instructors like Cody Rigsby have become celebrities. And the company has just begun a big trade-in program: People who buy a new bike can swap their old one for a $700 rebate and accessories.</p><p><blockquote>然而，Peloton 仍然拥有狂热的追随者。像科迪·里格斯比这样的教练已经成为名人。该公司刚刚启动了一项大型以旧换新计划：购买新自行车的人可以用旧自行车换取 700 美元的回扣和配件。</blockquote></p><p> Investors who bought Peloton at higher prices could double up on the stock to reset the cost basis and position for a potential recovery. The deadline to buy new stock to capture losses for this year is Nov. 30. After that date, there won’t be enough time to avoid the Internal Revenue Service’s wash-sale rule, which restricts loss deductions by investors who buy the same holding within 30 days before or after a sale.</p><p><blockquote>以更高价格购买 Peloton 的投资者可以加倍购买该股，以重置成本基础和潜在复苏的头寸。购买新股以弥补今年损失的截止日期是 11 月 30 日。在此日期之后，将没有足够的时间来避免美国国税局的洗盘规则，该规则限制投资者在出售前后 30 天内购买同一持股的损失扣除。</blockquote></p><p> Peloton investors can buy the same number of shares and hold them for 30 days. On the 31st day, the original tax lot of Peloton shares—the stock you bought at higher prices—can be sold. Anyone who does that should be able to claim a loss on their tax returns. Consult your tax adviser.</p><p><blockquote>Peloton投资者可以购买相同数量的股票并持有30天。第 31 天，Peloton 股票的原始税收部分（您以更高价格购买的股票）可以出售。任何这样做的人都应该能够在纳税申报表上申报损失。咨询你的税务顾问。</blockquote></p><p> While doubling up with stock is the usual method, Michael Schwartz, Oppenheimer’s chief options strategist, prefers using call options to limit risk and expense. The mechanics of the trade are the same, but options are less expensive than stock.</p><p><blockquote>虽然加倍股票是常用的方法，但奥本海默的首席期权策略师 Michael Schwartz 更喜欢使用看涨期权期权来限制风险和费用。交易机制是相同的，但期权比股票便宜。</blockquote></p><p> Schwartz recently told clients who bought Peloton near its high price to double up with March $45 calls, which cost about $6.60 when the stock was $42.97. On the 31st day, the original tax lot could still be sold, and investors would own only the equivalent number of calls. (Each call represents 100 shares, so you would need 10 calls to cover 1,000 shares, for example.)</p><p><blockquote>Schwartz 最近告诉在高价附近购买 Peloton 的客户，3 月份 45 美元的评级价格翻倍，当时股价为 42.97 美元，价格约为 6.60 美元。31日，原来的纳税地段仍然可以出售，投资者将只拥有同等数量的评级。（每个看涨期权代表 100 股，因此您需要 10 个评级来覆盖 1,000 股。）</blockquote></p><p> Again, the time frame is critical. Should the stock be sold before 30 days have expired, investors would violate the wash-sale rule and the IRS won’t allow the loss, Schwartz counseled.</p><p><blockquote>同样，时间框架至关重要。施瓦茨建议，如果股票在 30 天到期前被出售，投资者将违反洗盘规则，国税局也不会允许损失。</blockquote></p><p> During the past 52 weeks, Peloton has ranged from $43.13 to $171.09.</p><p><blockquote>在过去 52 周内，Peloton 的价格在 43.13 美元至 171.09 美元之间波动。</blockquote></p><p> Some will wonder why Schwartz chose a March call, which expires in about 120 days. The answer is simple. Peloton is a “show me, don’t tell me” company. The management team has arguably lost the trust of investors as the stock has tumbled from all-time highs. Plus, the company recently said that it wouldn’t need to raise capital, only to subsequently say that it would sell more stock to raise capital.</p><p><blockquote>有些人会想知道为什么施瓦茨选择了大约120天后到期的3月份看涨期权。答案很简单。Peloton 是一家 “给我看，不要告诉我 ”的公司。随着该股从历史高点暴跌，管理团队可以说已经失去了投资者的信任。此外，该公司最近表示不需要筹集资金，但随后又表示将出售更多股票来筹集资金。</blockquote></p><p> Still, the Peloton cult is a valuable asset, even if it is hard to value by traditional metrics. The double-up trade expresses a view that the company’s management team will rise to the occasion and try to be as good as the instructors and the community. If not, well, the cost basis was reset, a tax advantage was realized, and the journey of risk and return begins anew.</p><p><blockquote>尽管如此，Peloton cult 仍然是一项宝贵的资产，即使很难用传统指标来评估它的价值。双倍交易表达了这样一种观点，即公司的管理团队将迎难而上，努力做到与教练和社区一样优秀。如果没有，那么成本基础被重置，税收优势被实现，风险和回报的旅程重新开始。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/how-to-profit-from-your-beaten-down-peloton-shares-51637748901?mod=hp_DAY_0\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc."},"source_url":"https://www.barrons.com/articles/how-to-profit-from-your-beaten-down-peloton-shares-51637748901?mod=hp_DAY_0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145276842","content_text":"It’s almost time to bid adieu to 2021, which means its time for an end-of-year review of your portfolio to identify losses and gains. Try to understand what went wrong and what went right—and why—and recalibrate for 2022.\nIf possible, take advantage of soured investments that might have long-term merit. If you bought a stock at a higher price, it might make sense from a tax perspective to take the loss against other gains and restart the investment from a lower price, a strategy known as “doubling up.”\nPeloton Interactive (ticker: PTON), which rose to prominence during the pandemic and has since messily fallen from the market’s bullish summits into the ash heap of troubled companies. might just fit the bill.\nPeloton, as most everyone knows, makes exercise bikes with video monitors that enable people to take classes with world-class instructors from their homes. The company enjoyed extraordinary success during the pandemic, only to be undone by manufacturing woes and ultimately by the Covid vaccine, which enabled gyms to reopen.\nYet Peloton continues to have a cultlike following. Instructors like Cody Rigsby have become celebrities. And the company has just begun a big trade-in program: People who buy a new bike can swap their old one for a $700 rebate and accessories.\nInvestors who bought Peloton at higher prices could double up on the stock to reset the cost basis and position for a potential recovery. The deadline to buy new stock to capture losses for this year is Nov. 30. After that date, there won’t be enough time to avoid the Internal Revenue Service’s wash-sale rule, which restricts loss deductions by investors who buy the same holding within 30 days before or after a sale.\nPeloton investors can buy the same number of shares and hold them for 30 days. On the 31st day, the original tax lot of Peloton shares—the stock you bought at higher prices—can be sold. Anyone who does that should be able to claim a loss on their tax returns. Consult your tax adviser.\nWhile doubling up with stock is the usual method, Michael Schwartz, Oppenheimer’s chief options strategist, prefers using call options to limit risk and expense. The mechanics of the trade are the same, but options are less expensive than stock.\nSchwartz recently told clients who bought Peloton near its high price to double up with March $45 calls, which cost about $6.60 when the stock was $42.97. On the 31st day, the original tax lot could still be sold, and investors would own only the equivalent number of calls. (Each call represents 100 shares, so you would need 10 calls to cover 1,000 shares, for example.)\nAgain, the time frame is critical. Should the stock be sold before 30 days have expired, investors would violate the wash-sale rule and the IRS won’t allow the loss, Schwartz counseled.\nDuring the past 52 weeks, Peloton has ranged from $43.13 to $171.09.\nSome will wonder why Schwartz chose a March call, which expires in about 120 days. The answer is simple. Peloton is a “show me, don’t tell me” company. The management team has arguably lost the trust of investors as the stock has tumbled from all-time highs. Plus, the company recently said that it wouldn’t need to raise capital, only to subsequently say that it would sell more stock to raise capital.\nStill, the Peloton cult is a valuable asset, even if it is hard to value by traditional metrics. The double-up trade expresses a view that the company’s management team will rise to the occasion and try to be as good as the instructors and the community. If not, well, the cost basis was reset, a tax advantage was realized, and the journey of risk and return begins anew.","news_type":1,"symbols_score_info":{"PTON":0.9}},"isVote":1,"tweetType":1,"viewCount":993,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874459309,"gmtCreate":1637814492818,"gmtModify":1637814493074,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874459309","repostId":"1199146625","repostType":4,"repost":{"id":"1199146625","kind":"news","pubTimestamp":1637812709,"share":"https://www.laohunote.com/m/news/1199146625?lang=zh_CN&edition=full","pubTime":"2021-11-25 11:58","market":"us","language":"en","title":"GAME Stock: 6 Reasons Why Engine Gaming and Media Investors Are Feeling Thankful Today<blockquote>游戏股票：Engine Gaming 和媒体投资者今天心存感激的 6 个原因</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199146625","media":"InvestorPlace","summary":"Engine Gaming and Media(NASDAQ:GAME) stock is on the move today as investors celebrate positive fisc","content":"<p><div> Engine Gaming and Media(NASDAQ:GAME) stock is on the move today as investors celebrate positive fiscal Q4 2021 results. Let’s dive into that news belowto see why holders of GAME stock are smiling ...</p><p><blockquote><div>随着投资者庆祝 2021 年第四季度积极业绩，Engine Gaming and Media（纳斯达克股票代码：GAME）股票今天上涨。让我们深入了解下面的新闻，看看为什么游戏股持有者会微笑....</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/11/game-stock-6-reasons-why-engine-gaming-and-media-investors-are-feeling-thankful-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/11/game-stock-6-reasons-why-engine-gaming-and-media-investors-are-feeling-thankful-today/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>GAME Stock: 6 Reasons Why Engine Gaming and Media Investors Are Feeling Thankful Today<blockquote>游戏股票：Engine Gaming 和媒体投资者今天心存感激的 6 个原因</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGAME Stock: 6 Reasons Why Engine Gaming and Media Investors Are Feeling Thankful Today<blockquote>游戏股票：Engine Gaming 和媒体投资者今天心存感激的 6 个原因</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-11-25 11:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Engine Gaming and Media(NASDAQ:GAME) stock is on the move today as investors celebrate positive fiscal Q4 2021 results. Let’s dive into that news belowto see why holders of GAME stock are smiling ...</p><p><blockquote><div>随着投资者庆祝 2021 年第四季度积极业绩，Engine Gaming and Media（纳斯达克股票代码：GAME）股票今天上涨。让我们深入了解下面的新闻，看看为什么游戏股持有者会微笑....</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/11/game-stock-6-reasons-why-engine-gaming-and-media-investors-are-feeling-thankful-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/11/game-stock-6-reasons-why-engine-gaming-and-media-investors-are-feeling-thankful-today/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/11/game-stock-6-reasons-why-engine-gaming-and-media-investors-are-feeling-thankful-today/\">InvestorPlace</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GAME":"GameSquare"},"source_url":"https://investorplace.com/2021/11/game-stock-6-reasons-why-engine-gaming-and-media-investors-are-feeling-thankful-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199146625","content_text":"Engine Gaming and Media(NASDAQ:GAME) stock is on the move today as investors celebrate positive fiscal Q4 2021 results.\nLet’s dive into that news belowto see why holders of GAME stock are smiling today.\n\nLet’s start with the company’s revenue in fiscal Q4, which came in at $11.8 million.\nThat’s good news as it beats out Wall Street’s estimate of $10.8 million for the quarter.\nIt’s also a nice boost over the $7 million reported in the same period of the year prior.\nFiscal 2021 revenue also came in at $37.2 million.\nThat’s another win for GAME stock over analysts’ estimate of $36.26 million.\nIt also represents a 253% increase from the $10.5 million reported for fiscal 2020.\n\nTom Rogers, executive chairman of Engine Gaming and Media, said this in the earnings report.\n\n “As younger demographics increasingly desert traditional media in favor of seeking social experiences in the gaming space – whether participating as a player or as a viewer of competitions – and are increasingly influenced in their marketing decisions by social content creators – we are investing to make our social experiences more robust and more unique for our users, while making our ability to execute social marketing and ad campaigns more effective and efficient for our industry clients.”\n\nGAME stock is experiencing heavy trading today following its earnings report. As of this writing, more than 12 million shares of the stock have changed hands. That’s a massive jump compared to the company’s daily average trading volume of about 202,000 shares.\nGAME stock is up 18.2% as of Wednesday morning.","news_type":1,"symbols_score_info":{"GAME":0.9}},"isVote":1,"tweetType":1,"viewCount":1601,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874459020,"gmtCreate":1637814483993,"gmtModify":1637814484296,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874459020","repostId":"2186364091","repostType":4,"isVote":1,"tweetType":1,"viewCount":1159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874326298,"gmtCreate":1637732959510,"gmtModify":1637732959816,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/874326298","repostId":"1141571893","repostType":4,"repost":{"id":"1141571893","kind":"news","pubTimestamp":1637732033,"share":"https://www.laohunote.com/m/news/1141571893?lang=zh_CN&edition=full","pubTime":"2021-11-24 13:33","market":"us","language":"en","title":"Tesla Insurance: A New And Exciting Frontier<blockquote>特斯拉保险：一个令人兴奋的新领域</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141571893","media":"Seeking Alpha","summary":"Summary\n\nTesla Insurance is a new and exciting frontier for the company.\nI briefly explore the curre","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Tesla Insurance is a new and exciting frontier for the company.</li>  <li>I briefly explore the current personal auto insurance landscape and then analyze the Tesla Insurance Offering including the newly introduced Safety Score in Texas.</li>  <li>I also cover the risks and the financial impact Tesla Insurance could have.</li>  <li>Tesla Insurance has a long runway ahead but it won't be an overnight success. Nonetheless, I wouldn't bet against Tesla successfully disrupting and competing within the personal auto insurance market.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7f8bf7a2038aee5e70a8ab437ca3712b\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"><span>Ridofranz/iStock via Getty Images</span></p><p><blockquote><ul><li>特斯拉保险是该公司令人兴奋的新领域。</li><li>我简要探讨了当前的个人汽车保险前景，然后分析了特斯拉的保险产品，包括德克萨斯州新推出的安全评分。</li><li>我还涵盖了特斯拉保险可能带来的风险和财务影响。</li><li>特斯拉保险公司还有很长的路要走，但它不会一蹴而就。尽管如此，我不会打赌特斯拉会成功颠覆和竞争个人汽车保险市场。</li></ul><p class=\"t-img-caption\"><span>Ridofranz/iStock 来自盖蒂图片社</span></p></blockquote></p><p> What typically comes to mind when you think of personal auto insurance? For the average consumer, insurance is hard to understand, considered expensive, and somewhat boring.</p><p><blockquote>当你想到个人汽车保险时，你通常会想到什么？对于普通消费者来说，保险很难理解，被认为是昂贵的，而且有点无聊。</blockquote></p><p> While that might be true, it doesn't have to be this way. Tesla (TSLA) has introduced Tesla insurance in California and more recently in Texas. With this article, we’ll briefly explore the personal auto insurance landscape, dig deeper into the Tesla personal auto insurance product, and look at what it could mean for Tesla moving forward.</p><p><blockquote>虽然这可能是真的，但不一定是这样。特斯拉 (TSLA) 已在加州推出特斯拉保险，最近又在德克萨斯州推出。在本文中，我们将简要探讨个人汽车保险的前景，深入挖掘特斯拉个人汽车保险产品，并看看它对特斯拉的未来可能意味着什么。</blockquote></p><p> <b>The Personal Auto Insurance Landscape</b></p><p><blockquote><b>个人汽车保险格局</b></blockquote></p><p> Personal auto insurance is a mandatory requirement in all but&nbsp;two states&nbsp;within the U.S (Virginia and New Hampshire). Most insurance carriers price insurance using traditional factors (credit score, age, gender, location, driving and vehicle history, etc.) with the option of enrolling into a Usage-Based Insurance (UBI) program.</p><p><blockquote>除了两个州（弗吉尼亚州和新罕布什尔州），个人汽车保险是美国所有州的强制性要求。大多数保险公司使用传统因素（信用评分、年龄、性别、地点、驾驶和车辆历史等）来定价保险。）可以选择加入基于使用的保险（UBI）计划。</blockquote></p><p> A UBI program helps align your auto policy’s cost with your driving habits. Take a look at&nbsp;Progressive(PGR) or&nbsp;Travelers’ (TRV) programs as examples. Nonetheless, traditional insurers still use the aforementioned traditional factors first and foremost with an optional UBI offering.</p><p><blockquote>UBI 计划有助于使您的汽车保险费用与您的驾驶习惯保持一致。以进步计划（PGR）或旅行者计划（TRV）为例。尽管如此，传统保险公司仍然首先在可选的UBI产品中使用上述传统因素。</blockquote></p><p> The personal auto market wrote about&nbsp;$250B&nbsp;in premium in 2020. There is a ton of opportunity for Tesla to generate meaningful revenue over time. However, the current top 10 players accounted for ~75% or 3/4 of the total written premiums in 2020. State Farm had the highest market share at 16.2%, followed by the likes of Berkshire Hathaway or Geico (BRK.A), Progressive, and Allstate (ALL).</p><p><blockquote>2020 年，个人汽车市场的溢价约为 2500 亿美元。随着时间的推移，特斯拉有很多机会产生有意义的收入。然而，目前排名前10的玩家约占2020年总书面保费的75%或3/4。State Farm 的市场份额最高，为 16.2%，其次是伯克希尔哈撒韦公司或 Geico (BRK.A)、Progressive 和 Allstate (ALL) 等公司。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2897c9ed5291406d6d1c560c1e8794da\" tg-width=\"612\" tg-height=\"383\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Lemonade (LMND), Metromile (MILE) (recently acquired by Lemonade), Root (ROOT), and others that are only pricing personal auto insurance on how one drives instead of traditional factors are trying to disrupt this massive industry. Tesla is now trying to do the same.</p><p><blockquote>Lemonade (LMND)、Metromile (MILE)（最近被 Lemonade 收购）、Root (Root) 和其他仅根据驾驶方式而不是传统因素对个人汽车保险定价的公司正试图颠覆这个庞大的行业。特斯拉现在也在努力做同样的事情。</blockquote></p><p> <b>Tesla’s Personal Auto Insurance Offering</b></p><p><blockquote><b>特斯拉的个人汽车保险产品</b></blockquote></p><p> Tesla first introduced personal auto insurance in California in 2019 through State National Insurance. More recently, the company took the next step forward in its insurance journey by offering personal auto insurance in Texas through the underwriting company Redpoint County Mutual Insurance. It's important to note that Tesla isn't an underwriting company, it is partnering with underwriting companies to offer its product under the Tesla Insurance name.</p><p><blockquote>特斯拉于2019年通过州国民保险公司在加州首次推出个人汽车保险。最近，该公司通过承保公司Redpoint County Mutual Insurance在德克萨斯州提供个人汽车保险，在其保险之旅中迈出了下一步。值得注意的是，特斯拉不是一家承保公司，它与承保公司合作，以特斯拉保险的名义提供其产品。</blockquote></p><p> The premium is determined based on what vehicle you drive, your provided address, how much you drive, and what coverage you select. The company is not using traditional variables like credit, age, gender, and claim history to price their insurance. With Texas, Tesla also introduced their UBI program called the Safety Score as an additional factor in determining premium.</p><p><blockquote>保费取决于您驾驶的车辆、您提供的地址、您驾驶的车辆数量以及您选择的承保范围。该公司没有使用信用、年龄、性别和索赔历史等传统变量来为保险定价。与德克萨斯一起，特斯拉还推出了他们的UBI计划，称为安全分数，作为确定保费的额外因素。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dacd23bb5a7dae5da6bf2ccf5415b666\" tg-width=\"622\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Safety Score is based on driving behavior and assigns the driver a score from 0 to 100 based on five safety factors:</p><p><blockquote>安全评分基于驾驶行为，并根据五个安全因素为驾驶员分配 0 到 100 的评分：</blockquote></p><p> <b>1. Forward Collision Warnings per 1,000 Miles:</b>Audible and visual alerts provided to the driver in situations where a possible collision could occur due to an object in front of the vehicle. Maintaining a safe distance and paying attention to the traffic around you helps improve your score.</p><p><blockquote><b>1.每1000英里前方碰撞警告：</b>在由于车辆前方的物体可能发生碰撞的情况下，向驾驶员提供声音和视觉警报。保持安全距离并注意周围的交通有助于提高你的分数。</blockquote></p><p> <b>2. Hard Braking*:</b>Defined as a decrease in the vehicle’s speed larger than 6.7 mph, in one second. Despite the definition, I think we all know what hard braking is. The Safety score can be improved by engaging the brake pedal early when slowing down, coming to a stop, or reacting to a change in the environment.</p><p><blockquote><b>2. 硬刹车*：</b>定义为车辆速度在一秒钟内下降超过 6.7 英里/小时。尽管有定义，我想我们都知道什么是急刹车。可以通过在减速、停车或对环境变化做出反应时尽早踩下制动踏板来提高安全得分。</blockquote></p><p> <b>3. Aggressive Turning*:</b>Defined as an increase in vehicle’s speed to the left/right greater than 8.9 mph, in one second. Again, we all know aggressive turning when we see it. The Safety Score can be improved by turning, changing lanes, or rounding a corner gradually instead of aggressively.</p><p><blockquote><b>3.积极转弯*：</b>定义为车辆向左/向右的速度在一秒钟内增加超过 8.9 英里/小时。再说一次，当我们看到它时，我们都知道咄咄逼人的转弯。安全得分可以通过逐渐转弯、变道或转弯而不是积极地转弯来提高。</blockquote></p><p></p><p> <b>4. Unsafe Following*:</b>Tesla vehicles measure their own speed, the speed of the vehicle in front of them and the distance between the two vehicles. Based on these measurements, Tesla calculates Headway, or the number of seconds you would have to react and stop if the vehicle in front of you came to a sudden stop. Unsafe following is the proportion of time where your vehicle’s headway is less than 1.0 seconds relative to the time that your vehicle’s headway is less than 3.0 seconds. Unsafe following is only measured when your vehicle is traveling at least 50 mph. The Safety Score can be improved by not tailgating or driving close to the vehicle in front of you so you have enough time to react.</p><p><blockquote><b>4.以下不安全*：</b>特斯拉汽车测量自己的速度、前方车辆的速度以及两辆车之间的距离。根据这些测量结果，特斯拉会计算进度，或者如果前面的车辆突然停下来，您必须做出反应并停下来的秒数。不安全跟车是指车辆行驶距离小于 1.0 秒的时间与车辆行驶距离小于 3.0 秒的时间之比。只有当您的车辆以至少50英里/小时的速度行驶时，才会测量不安全跟随。安全得分可以通过不尾随或靠近前面的车辆来提高，这样你就有足够的时间做出反应。</blockquote></p><p> <b>5. Forced Autopilot Disengagement:</b>If you remove your hands from the steering wheel during Autopilot, an audio and visual warning is sent to the driver. Three of these warnings result in Autopilot system disengagement for the remainder of a trip.</p><p><blockquote><b>5.强制自动驾驶仪脱离：</b>如果您在自动驾驶期间将手从方向盘上移开，则会向驾驶员发送音频和视觉警告。其中三个警告会导致自动驾驶仪系统在行程剩余时间内脱离。</blockquote></p><p> *Not factored into the Safety Score formula when on Autopilot</p><p><blockquote>*自动驾驶时不计入安全评分公式</blockquote></p><p> These factors are measured directly by the Tesla models using various sensors on the vehicle and Autopilot software. Although this is a significant step forward in Tesla’s insurance journey, The Safety Score isn’t something that’s new.</p><p><blockquote>这些因素由特斯拉模型使用车辆上的各种传感器和自动驾驶仪软件直接测量。虽然这是特斯拉保险之旅中的重要一步，但安全评分并不是什么新鲜事。</blockquote></p><p> Many major U.S personal auto insurers have introduced optional UBI programs that assign a score to the driver. Nonetheless, there are a couple of meaningful items that differentiate Tesla.</p><p><blockquote>许多美国主要的个人汽车保险公司都推出了可选的UBI计划，为驾驶员分配一个分数。尽管如此，有几个有意义的项目使特斯拉与众不同。</blockquote></p><p> <ul>  <li>Some of the factors introduced by Tesla in Texas are different to what other insurance carriers have. For example, Progressive doesn’t have forward collision warnings or unsafe following as factors. On the other hand, Progressive includes late night driving and driving less overall as factors within their UBI program. Tesla is likely to introduce new factors and tweak existing factors within the Safety Score as more data becomes available.</p><p><blockquote><ul><li>特斯拉在德州引入的一些因素与其他保险公司不同。例如，Progressive 没有前方碰撞警告或不安全跟随因素。另一方面，Progressive 将深夜驾驶和减少驾驶作为其 UBI 计划中的因素。随着更多数据的出现，特斯拉可能会在安全评分中引入新因素并调整现有因素。</li></ul></blockquote></p><p></li>  <li>Unlike other major carriers, Tesla doesn't require and additional device to be installed in the vehicle to capture driving behavior. Tesla uses specific features within the vehicle to evaluate premium based on actual driving.</li>  <li>The Safety Score is updated daily to provide real-time feedback on driving safety. The daily Safety Scores are combined (up to 30 days) to provide a premium based on the months’ driving activity. Below is an example of how the premium could change based on the score by month. Traditional insurance carriers don’t offer daily updates and change in premiums by month. Instead, it’s typical to have a monitoring period of 6 months before receiving a score and change in premium.</p><p><blockquote><li>与其他主要运营商不同，特斯拉不需要在车内安装额外的设备来捕捉驾驶行为。特斯拉使用车辆内部的特定功能，根据实际驾驶来评估保费。</li><li>安全分数每天更新，提供驾驶安全的实时反馈。每日安全得分合并（最多 30 天），根据当月的驾驶活动提供保费。下面是一个保费如何根据每月分数变化的示例。传统保险公司不提供每日更新和按月变化的保费。相反，在收到分数和保费变化之前，通常会有 6 个月的监测期。</li></blockquote></p><p></li> </ul> <img src=\"https://static.tigerbbs.com/1ddc2c7837f9b0fcc32dca3d7729b1b2\" tg-width=\"766\" tg-height=\"261\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <ul>  <li>Based on the introduction of the Safety Score and partnership with Repoint Insurance, Tesla Insurance is the cheapest option for full coverage in Texas.</p><p><blockquote><ul><li>基于安全评分的引入以及与Repoint Insurance的合作，特斯拉保险是德克萨斯州全额保险最便宜的选择。</li></ul></blockquote></p><p></li> </ul> <img src=\"https://static.tigerbbs.com/5cb75573bd60617bd436ac602c36bd13\" tg-width=\"734\" tg-height=\"552\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <ul>  <li>Lastly, and most importantly, the company will be able to leverage first party data to predict collision frequency due to the technology within Tesla cars. Other insurance carriers will likely have to partner with different manufacturers to capture data within cars at the point of sale, Tesla already has first party data.</p><p><blockquote><ul><li>最后，也是最重要的一点，由于特斯拉汽车中的技术，该公司将能够利用第一方数据来预测碰撞频率。其他保险公司可能必须与不同的制造商合作，在销售点捕获汽车内的数据，特斯拉已经拥有第一方数据。</li></ul></blockquote></p><p></li> </ul> CFO, Zachary Kirkhorn,explained:</p><p><blockquote>首席财务官 Zachary Kirkhorn 解释道：</blockquote></p><p>   At Tesla, because our cars are connected, because they are essentially computers on wheels, there's enormous amounts of data that we have available to us to be able to assess the attributes of a driver who's operating that car, and whether those attributes correlate with safety.    We've been able to go back and analyze that data and we've learned 2 things coming from that. The first is that the probability of collision for a customer using safety score versus not is 30% lower. That's a pretty big difference.    It means that the product is working and customers are responding to it. The second thing that we've looked at is what is the probability of collision based upon actual data as a function of a driver safety score. And that is aligning with our models. Most notably, if you're in the top tier of safety compared to lower tiers, there's multiplex difference in probability of collision based upon actual data.  Tesla is looking at hundreds of different variables and billions of miles of driving history to predict loss frequency and price each risk individually. The dataset will continue to grow and get better as Tesla sells more cars and as people drive more. Tesla is planning to launch personal auto insurance in every major market in which they have cars.</p><p><blockquote>在特斯拉，因为我们的汽车是联网的，因为它们本质上是带轮子的计算机，所以我们有大量的数据可供我们评估驾驶汽车的驾驶员的属性，以及这些属性是否与安全相关。我们已经能够回去分析这些数据，我们从中学到了两件事。首先，对于使用安全分数的客户来说，碰撞的概率降低了30%。这是一个相当大的区别。这意味着产品正在工作，客户正在对其做出反应。我们研究的第二件事是，根据实际数据，碰撞概率是驾驶员安全得分的函数。这与我们的模型一致。最值得注意的是，如果您处于最高级别的安全级别与较低级别的安全级别相比，根据实际数据，碰撞概率会有多重差异。特斯拉正在研究数百个不同的变量和数十亿英里的驾驶历史，以预测损失频率并单独定价每种风险。随着特斯拉销售更多汽车和人们驾驶更多汽车，数据集将继续增长并变得更好。特斯拉正计划在他们拥有汽车的每个主要市场推出个人汽车保险。</blockquote></p><p> <b>Risks to Consider</b></p><p><blockquote><b>需要考虑的风险</b></blockquote></p><p></p><p> So far it must seem that Tesla is in a great position to capitalize on this new frontier. While that might be true, we also have to consider a couple of important risks:</p><p><blockquote>到目前为止，特斯拉似乎处于利用这一新领域的有利位置。虽然这可能是真的，但我们还必须考虑几个重要的风险：</blockquote></p><p> <ul>  <li>It will not be easy to disrupt this massive industry dominated by the top 10 companies. The top 10 and others have a century of insurance acumen have already moved to introduce ever improving UBI programs. Additionally, up and coming insurance pure plays like&nbsp;Lemonade&nbsp;and&nbsp;Root&nbsp;already have or are working to expand on their UBI programs.</p><p><blockquote><ul><li>要颠覆这个由TOP10公司主导的庞大行业并不容易。前10名和其他拥有一个世纪保险头脑的人已经开始引入不断改进的UBI计划。此外，像柠檬水和根这样的新兴保险纯游戏已经或正在努力扩大他们的UBI计划。</li></ul></blockquote></p><p></li>  <li>Personal auto insurance is a complex business with strict regulations by state. It won't be easy to navigate this landscape. Here’s how Elon Musk described it at the&nbsp;Annual Shareholders’ meeting:</p><p><blockquote><li>个人汽车保险是一项复杂的业务，国家有严格的规定。在这片土地上导航并不容易。以下是埃隆-马斯克在年度股东大会上的描述：</li></blockquote></p><p></li> </ul>   Tesla insurance. Yes. So, like the degree in which insurance is a regulatory labyrinth is insane. It was like designed to be hard feeling you guys. I don’t know if it’s – but it certainly is very difficult. So, there is a zillion applications, and you have to wait for a bunch of time. And get it’s come long and complicated and a lot of it is state-by-state. Most of it is state-by-state. So, we are just processing applications in states across the country. And then the states also have different regulations. So, you can’t actually – aren’t legally allowed to offer the same insurance in every state. So, you have got to adjust the software to be different every state. It’s basically very complicated.  <ul>  <li>Typically, the unit economics within personal auto insurance have been poor. Even Progressive, one of the best auto insurers on the market, aims for a profit margin of ~6% after accounting for losses and expenses (including claim handling costs). With Tesla’s digital experience, the expenses are likely to be lower than traditional auto insurance sales and service. The loss ratio is much harder to predict despite the Safety Score indicating a 30% lower likelihood of a collision. It begs the question: what type of margins will the company achieve with its insurance offering?</p><p><blockquote>特斯拉保险公司。是的。所以，就像保险是一个监管迷宫的程度是疯狂的。这就像被设计来让你们很难受。我不知道是不是--但这肯定非常困难。所以，有无数的申请，你必须等待一堆时间。而且这个过程漫长而复杂，而且很多都是各州的情况。大部分是各州的。所以，我们只是在全国各地处理申请。然后各州也有不同的规定。因此，实际上你不能--法律上不允许在每个州提供相同的保险。所以，你必须调整软件，使每个州都不一样。这基本上非常复杂。<ul><li>通常情况下，个人汽车保险的单位经济效益很差。市场上最好的汽车保险公司之一 Progressive 的目标是在考虑损失和费用（包括索赔处理成本）后实现约 6% 的利润率。凭借特斯拉的数字化体验，费用可能会低于传统的汽车保险销售和服务。尽管安全评分表明碰撞的可能性降低了30%，但损失率要难以预测得多。这就引出了一个问题：该公司将通过其保险产品实现什么样的利润？</li></ul></blockquote></p><p></li> </ul> <b>Financial Impact of Tesla Insurance</b></p><p><blockquote><b>特斯拉保险的财务影响</b></blockquote></p><p> On the&nbsp;3Q20 earnings call, Musk noted that Tesla has a goal to hit 20 million in vehicle sales per year by 2030. That's a lofty goal but let's use that as a basis to see what impact Tesla Insurance could have on the financials.</p><p><blockquote>在 2020 年第三季度财报看涨期权上，马斯克指出，特斯拉的目标是到 2030 年每年汽车销量达到 2000 万辆。这是一个崇高的目标，但让我们以此为基础，看看特斯拉保险可能对财务状况产生什么影响。</blockquote></p><p> If Tesla can sell 20 million vehicles per year by 2030 and the average cost of Tesla Insurance is $1,795 (based on TX results shared earlier), Tesla Insurance would generate ~$36 billion in revenue by 2030 assuming every vehicle chooses Tesla Insurance.</p><p><blockquote>如果特斯拉到 2030 年每年可以销售 2000 万辆汽车，而特斯拉保险的平均成本为 1,795 美元（基于之前分享的德克萨斯州结果），那么假设每辆车都选择特斯拉保险，特斯拉保险到 2030 年将产生约 360 亿美元的收入。</blockquote></p><p> Nobody knows if Tesla will sell 20 million vehicles per year by 2030, what the average cost of Tesla Insurance will look like, or if customers will actually buy Tesla Insurance over other carriers. Nonetheless, it is helpful to look at what could happen. As you can see below, even if Tesla doesn't reach 20M in vehicles sales per year by 2030, it could still generate meaningful revenue from its insurance offering.</p><p><blockquote>没有人知道特斯拉到 2030 年每年是否会销售 2000 万辆汽车，特斯拉保险的平均成本会是多少，或者客户是否真的会购买特斯拉保险而不是其他运营商。尽管如此，看看可能会发生什么是有帮助的。如下所示，即使特斯拉到 2030 年每年的汽车销量没有达到 2000 万辆，它仍然可以从其保险产品中产生有意义的收入。</blockquote></p><p> Musk specifically stated on the 3Q20 earnings call that \"insurance could very well be 30%, 40% of the value of the car business, frankly.\"</p><p><blockquote>马斯克在 2020 年第三季度财报看涨期权上特别表示，“坦率地说，保险很可能占汽车业务价值的 30%、40%。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/71469743b3b6f7ffab4202e00bd2a12f\" tg-width=\"625\" tg-height=\"248\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> With Tesla Insurance, it's easier to derive top line estimates compared to bottom line estimates. Currently, there is no way to tell what the profit margin for Tesla's insurance product will look like, but, we can estimate.</p><p><blockquote>有了特斯拉保险，与底线估计相比，得出顶线估计更容易。目前，没有办法知道特斯拉保险产品的利润率会是多少，但是，我们可以估计。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ea1219fdafad7124ac4604ee9267da6e\" tg-width=\"624\" tg-height=\"222\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> If we assume a profit margin of 6% (based on Progressive) and the best case scenario of 20M vehicles sold per year by 2030, Tesla will generate ~$2.2B of income. If Tesla Insurance can achieve a higher profit margin, it will make a meaningful contribution to overall profit over time.</p><p><blockquote>如果我们假设利润率为 6%（基于累进），最佳情况是到 2030 年每年销售 2000 万辆汽车，特斯拉将产生约 2.2B 美元的收入。如果特斯拉能够实现更高的利润率，随着时间的推移，它将对整体利润做出有意义的贡献。</blockquote></p><p> Please note that the above examples are merely high level projections and won't be accurate in all likelihood. For example, the 20 million vehicle sales per year by 2030 is a global target and Insurance in certain countries outside the U.S is either not required or treated much differently. It will be easier to predict what the financials for Tesla Insurance could look like as the company expands its products into additional states and as we receive more information.</p><p><blockquote>请注意，上面的例子仅仅是高级预测，不可能是准确的。例如，到 2030 年每年 2000 万辆汽车销量是一个全球目标，而美国以外的某些国家要么不需要保险，要么受到非常不同的待遇。随着特斯拉保险公司将其产品扩展到其他州，以及我们收到更多信息，预测该公司的财务状况将变得更加容易。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p></p><p> Tesla Insurance has a long runway ahead but it won't be an overnight success. It will likely take significant time to launch the product in different states. The overall share of new car sales that are EVs within the U.S is expected to be&nbsp;30%&nbsp;by 2030, meaning that adoption will be slow and steady. As the story unfolds, Tesla will have to successfully compete with age-old and up and coming personal auto carriers, navigate through complex state by state regulations, and try to generate meaningful revenue and profit.</p><p><blockquote>特斯拉保险公司还有很长的路要走，但它不会一蹴而就。在不同的州推出该产品可能需要很长时间。到 2030 年，电动汽车在美国新车销量中的总体份额预计将达到 30%，这意味着电动汽车的采用将缓慢而稳定。随着故事的展开，特斯拉将不得不成功地与老牌和新兴的私人汽车承运人竞争，通过各州复杂的法规，并努力产生有意义的收入和利润。</blockquote></p><p> At this point, I don't know if Tesla will be able to disrupt and compete within the personal auto industry, but time will tell. I know I'll be watching from the sidelines and I wouldn't bet against them!</p><p><blockquote>在这一点上，我不知道特斯拉是否能够在个人汽车行业内颠覆和竞争，但时间会证明一切。我知道我会在一旁看着，我不会和他们打赌!</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Insurance: A New And Exciting Frontier<blockquote>特斯拉保险：一个令人兴奋的新领域</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Insurance: A New And Exciting Frontier<blockquote>特斯拉保险：一个令人兴奋的新领域</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-24 13:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Tesla Insurance is a new and exciting frontier for the company.</li>  <li>I briefly explore the current personal auto insurance landscape and then analyze the Tesla Insurance Offering including the newly introduced Safety Score in Texas.</li>  <li>I also cover the risks and the financial impact Tesla Insurance could have.</li>  <li>Tesla Insurance has a long runway ahead but it won't be an overnight success. Nonetheless, I wouldn't bet against Tesla successfully disrupting and competing within the personal auto insurance market.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7f8bf7a2038aee5e70a8ab437ca3712b\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"><span>Ridofranz/iStock via Getty Images</span></p><p><blockquote><ul><li>特斯拉保险是该公司令人兴奋的新领域。</li><li>我简要探讨了当前的个人汽车保险前景，然后分析了特斯拉的保险产品，包括德克萨斯州新推出的安全评分。</li><li>我还涵盖了特斯拉保险可能带来的风险和财务影响。</li><li>特斯拉保险公司还有很长的路要走，但它不会一蹴而就。尽管如此，我不会打赌特斯拉会成功颠覆和竞争个人汽车保险市场。</li></ul><p class=\"t-img-caption\"><span>Ridofranz/iStock 来自盖蒂图片社</span></p></blockquote></p><p> What typically comes to mind when you think of personal auto insurance? For the average consumer, insurance is hard to understand, considered expensive, and somewhat boring.</p><p><blockquote>当你想到个人汽车保险时，你通常会想到什么？对于普通消费者来说，保险很难理解，被认为是昂贵的，而且有点无聊。</blockquote></p><p> While that might be true, it doesn't have to be this way. Tesla (TSLA) has introduced Tesla insurance in California and more recently in Texas. With this article, we’ll briefly explore the personal auto insurance landscape, dig deeper into the Tesla personal auto insurance product, and look at what it could mean for Tesla moving forward.</p><p><blockquote>虽然这可能是真的，但不一定是这样。特斯拉 (TSLA) 已在加州推出特斯拉保险，最近又在德克萨斯州推出。在本文中，我们将简要探讨个人汽车保险的前景，深入挖掘特斯拉个人汽车保险产品，并看看它对特斯拉的未来可能意味着什么。</blockquote></p><p> <b>The Personal Auto Insurance Landscape</b></p><p><blockquote><b>个人汽车保险格局</b></blockquote></p><p> Personal auto insurance is a mandatory requirement in all but&nbsp;two states&nbsp;within the U.S (Virginia and New Hampshire). Most insurance carriers price insurance using traditional factors (credit score, age, gender, location, driving and vehicle history, etc.) with the option of enrolling into a Usage-Based Insurance (UBI) program.</p><p><blockquote>除了两个州（弗吉尼亚州和新罕布什尔州），个人汽车保险是美国所有州的强制性要求。大多数保险公司使用传统因素（信用评分、年龄、性别、地点、驾驶和车辆历史等）来定价保险。）可以选择加入基于使用的保险（UBI）计划。</blockquote></p><p> A UBI program helps align your auto policy’s cost with your driving habits. Take a look at&nbsp;Progressive(PGR) or&nbsp;Travelers’ (TRV) programs as examples. Nonetheless, traditional insurers still use the aforementioned traditional factors first and foremost with an optional UBI offering.</p><p><blockquote>UBI 计划有助于使您的汽车保险费用与您的驾驶习惯保持一致。以进步计划（PGR）或旅行者计划（TRV）为例。尽管如此，传统保险公司仍然首先在可选的UBI产品中使用上述传统因素。</blockquote></p><p> The personal auto market wrote about&nbsp;$250B&nbsp;in premium in 2020. There is a ton of opportunity for Tesla to generate meaningful revenue over time. However, the current top 10 players accounted for ~75% or 3/4 of the total written premiums in 2020. State Farm had the highest market share at 16.2%, followed by the likes of Berkshire Hathaway or Geico (BRK.A), Progressive, and Allstate (ALL).</p><p><blockquote>2020 年，个人汽车市场的溢价约为 2500 亿美元。随着时间的推移，特斯拉有很多机会产生有意义的收入。然而，目前排名前10的玩家约占2020年总书面保费的75%或3/4。State Farm 的市场份额最高，为 16.2%，其次是伯克希尔哈撒韦公司或 Geico (BRK.A)、Progressive 和 Allstate (ALL) 等公司。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2897c9ed5291406d6d1c560c1e8794da\" tg-width=\"612\" tg-height=\"383\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Lemonade (LMND), Metromile (MILE) (recently acquired by Lemonade), Root (ROOT), and others that are only pricing personal auto insurance on how one drives instead of traditional factors are trying to disrupt this massive industry. Tesla is now trying to do the same.</p><p><blockquote>Lemonade (LMND)、Metromile (MILE)（最近被 Lemonade 收购）、Root (Root) 和其他仅根据驾驶方式而不是传统因素对个人汽车保险定价的公司正试图颠覆这个庞大的行业。特斯拉现在也在努力做同样的事情。</blockquote></p><p> <b>Tesla’s Personal Auto Insurance Offering</b></p><p><blockquote><b>特斯拉的个人汽车保险产品</b></blockquote></p><p> Tesla first introduced personal auto insurance in California in 2019 through State National Insurance. More recently, the company took the next step forward in its insurance journey by offering personal auto insurance in Texas through the underwriting company Redpoint County Mutual Insurance. It's important to note that Tesla isn't an underwriting company, it is partnering with underwriting companies to offer its product under the Tesla Insurance name.</p><p><blockquote>特斯拉于2019年通过州国民保险公司在加州首次推出个人汽车保险。最近，该公司通过承保公司Redpoint County Mutual Insurance在德克萨斯州提供个人汽车保险，在其保险之旅中迈出了下一步。值得注意的是，特斯拉不是一家承保公司，它与承保公司合作，以特斯拉保险的名义提供其产品。</blockquote></p><p> The premium is determined based on what vehicle you drive, your provided address, how much you drive, and what coverage you select. The company is not using traditional variables like credit, age, gender, and claim history to price their insurance. With Texas, Tesla also introduced their UBI program called the Safety Score as an additional factor in determining premium.</p><p><blockquote>保费取决于您驾驶的车辆、您提供的地址、您驾驶的车辆数量以及您选择的承保范围。该公司没有使用信用、年龄、性别和索赔历史等传统变量来为保险定价。与德克萨斯一起，特斯拉还推出了他们的UBI计划，称为安全分数，作为确定保费的额外因素。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dacd23bb5a7dae5da6bf2ccf5415b666\" tg-width=\"622\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Safety Score is based on driving behavior and assigns the driver a score from 0 to 100 based on five safety factors:</p><p><blockquote>安全评分基于驾驶行为，并根据五个安全因素为驾驶员分配 0 到 100 的评分：</blockquote></p><p> <b>1. Forward Collision Warnings per 1,000 Miles:</b>Audible and visual alerts provided to the driver in situations where a possible collision could occur due to an object in front of the vehicle. Maintaining a safe distance and paying attention to the traffic around you helps improve your score.</p><p><blockquote><b>1.每1000英里前方碰撞警告：</b>在由于车辆前方的物体可能发生碰撞的情况下，向驾驶员提供声音和视觉警报。保持安全距离并注意周围的交通有助于提高你的分数。</blockquote></p><p> <b>2. Hard Braking*:</b>Defined as a decrease in the vehicle’s speed larger than 6.7 mph, in one second. Despite the definition, I think we all know what hard braking is. The Safety score can be improved by engaging the brake pedal early when slowing down, coming to a stop, or reacting to a change in the environment.</p><p><blockquote><b>2. 硬刹车*：</b>定义为车辆速度在一秒钟内下降超过 6.7 英里/小时。尽管有定义，我想我们都知道什么是急刹车。可以通过在减速、停车或对环境变化做出反应时尽早踩下制动踏板来提高安全得分。</blockquote></p><p> <b>3. Aggressive Turning*:</b>Defined as an increase in vehicle’s speed to the left/right greater than 8.9 mph, in one second. Again, we all know aggressive turning when we see it. The Safety Score can be improved by turning, changing lanes, or rounding a corner gradually instead of aggressively.</p><p><blockquote><b>3.积极转弯*：</b>定义为车辆向左/向右的速度在一秒钟内增加超过 8.9 英里/小时。再说一次，当我们看到它时，我们都知道咄咄逼人的转弯。安全得分可以通过逐渐转弯、变道或转弯而不是积极地转弯来提高。</blockquote></p><p></p><p> <b>4. Unsafe Following*:</b>Tesla vehicles measure their own speed, the speed of the vehicle in front of them and the distance between the two vehicles. Based on these measurements, Tesla calculates Headway, or the number of seconds you would have to react and stop if the vehicle in front of you came to a sudden stop. Unsafe following is the proportion of time where your vehicle’s headway is less than 1.0 seconds relative to the time that your vehicle’s headway is less than 3.0 seconds. Unsafe following is only measured when your vehicle is traveling at least 50 mph. The Safety Score can be improved by not tailgating or driving close to the vehicle in front of you so you have enough time to react.</p><p><blockquote><b>4.以下不安全*：</b>特斯拉汽车测量自己的速度、前方车辆的速度以及两辆车之间的距离。根据这些测量结果，特斯拉会计算进度，或者如果前面的车辆突然停下来，您必须做出反应并停下来的秒数。不安全跟车是指车辆行驶距离小于 1.0 秒的时间与车辆行驶距离小于 3.0 秒的时间之比。只有当您的车辆以至少50英里/小时的速度行驶时，才会测量不安全跟随。安全得分可以通过不尾随或靠近前面的车辆来提高，这样你就有足够的时间做出反应。</blockquote></p><p> <b>5. Forced Autopilot Disengagement:</b>If you remove your hands from the steering wheel during Autopilot, an audio and visual warning is sent to the driver. Three of these warnings result in Autopilot system disengagement for the remainder of a trip.</p><p><blockquote><b>5.强制自动驾驶仪脱离：</b>如果您在自动驾驶期间将手从方向盘上移开，则会向驾驶员发送音频和视觉警告。其中三个警告会导致自动驾驶仪系统在行程剩余时间内脱离。</blockquote></p><p> *Not factored into the Safety Score formula when on Autopilot</p><p><blockquote>*自动驾驶时不计入安全评分公式</blockquote></p><p> These factors are measured directly by the Tesla models using various sensors on the vehicle and Autopilot software. Although this is a significant step forward in Tesla’s insurance journey, The Safety Score isn’t something that’s new.</p><p><blockquote>这些因素由特斯拉模型使用车辆上的各种传感器和自动驾驶仪软件直接测量。虽然这是特斯拉保险之旅中的重要一步，但安全评分并不是什么新鲜事。</blockquote></p><p> Many major U.S personal auto insurers have introduced optional UBI programs that assign a score to the driver. Nonetheless, there are a couple of meaningful items that differentiate Tesla.</p><p><blockquote>许多美国主要的个人汽车保险公司都推出了可选的UBI计划，为驾驶员分配一个分数。尽管如此，有几个有意义的项目使特斯拉与众不同。</blockquote></p><p> <ul>  <li>Some of the factors introduced by Tesla in Texas are different to what other insurance carriers have. For example, Progressive doesn’t have forward collision warnings or unsafe following as factors. On the other hand, Progressive includes late night driving and driving less overall as factors within their UBI program. Tesla is likely to introduce new factors and tweak existing factors within the Safety Score as more data becomes available.</p><p><blockquote><ul><li>特斯拉在德州引入的一些因素与其他保险公司不同。例如，Progressive 没有前方碰撞警告或不安全跟随因素。另一方面，Progressive 将深夜驾驶和减少驾驶作为其 UBI 计划中的因素。随着更多数据的出现，特斯拉可能会在安全评分中引入新因素并调整现有因素。</li></ul></blockquote></p><p></li>  <li>Unlike other major carriers, Tesla doesn't require and additional device to be installed in the vehicle to capture driving behavior. Tesla uses specific features within the vehicle to evaluate premium based on actual driving.</li>  <li>The Safety Score is updated daily to provide real-time feedback on driving safety. The daily Safety Scores are combined (up to 30 days) to provide a premium based on the months’ driving activity. Below is an example of how the premium could change based on the score by month. Traditional insurance carriers don’t offer daily updates and change in premiums by month. Instead, it’s typical to have a monitoring period of 6 months before receiving a score and change in premium.</p><p><blockquote><li>与其他主要运营商不同，特斯拉不需要在车内安装额外的设备来捕捉驾驶行为。特斯拉使用车辆内部的特定功能，根据实际驾驶来评估保费。</li><li>安全分数每天更新，提供驾驶安全的实时反馈。每日安全得分合并（最多 30 天），根据当月的驾驶活动提供保费。下面是一个保费如何根据每月分数变化的示例。传统保险公司不提供每日更新和按月变化的保费。相反，在收到分数和保费变化之前，通常会有 6 个月的监测期。</li></blockquote></p><p></li> </ul> <img src=\"https://static.tigerbbs.com/1ddc2c7837f9b0fcc32dca3d7729b1b2\" tg-width=\"766\" tg-height=\"261\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <ul>  <li>Based on the introduction of the Safety Score and partnership with Repoint Insurance, Tesla Insurance is the cheapest option for full coverage in Texas.</p><p><blockquote><ul><li>基于安全评分的引入以及与Repoint Insurance的合作，特斯拉保险是德克萨斯州全额保险最便宜的选择。</li></ul></blockquote></p><p></li> </ul> <img src=\"https://static.tigerbbs.com/5cb75573bd60617bd436ac602c36bd13\" tg-width=\"734\" tg-height=\"552\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <ul>  <li>Lastly, and most importantly, the company will be able to leverage first party data to predict collision frequency due to the technology within Tesla cars. Other insurance carriers will likely have to partner with different manufacturers to capture data within cars at the point of sale, Tesla already has first party data.</p><p><blockquote><ul><li>最后，也是最重要的一点，由于特斯拉汽车中的技术，该公司将能够利用第一方数据来预测碰撞频率。其他保险公司可能必须与不同的制造商合作，在销售点捕获汽车内的数据，特斯拉已经拥有第一方数据。</li></ul></blockquote></p><p></li> </ul> CFO, Zachary Kirkhorn,explained:</p><p><blockquote>首席财务官 Zachary Kirkhorn 解释道：</blockquote></p><p>   At Tesla, because our cars are connected, because they are essentially computers on wheels, there's enormous amounts of data that we have available to us to be able to assess the attributes of a driver who's operating that car, and whether those attributes correlate with safety.    We've been able to go back and analyze that data and we've learned 2 things coming from that. The first is that the probability of collision for a customer using safety score versus not is 30% lower. That's a pretty big difference.    It means that the product is working and customers are responding to it. The second thing that we've looked at is what is the probability of collision based upon actual data as a function of a driver safety score. And that is aligning with our models. Most notably, if you're in the top tier of safety compared to lower tiers, there's multiplex difference in probability of collision based upon actual data.  Tesla is looking at hundreds of different variables and billions of miles of driving history to predict loss frequency and price each risk individually. The dataset will continue to grow and get better as Tesla sells more cars and as people drive more. Tesla is planning to launch personal auto insurance in every major market in which they have cars.</p><p><blockquote>在特斯拉，因为我们的汽车是联网的，因为它们本质上是带轮子的计算机，所以我们有大量的数据可供我们评估驾驶汽车的驾驶员的属性，以及这些属性是否与安全相关。我们已经能够回去分析这些数据，我们从中学到了两件事。首先，对于使用安全分数的客户来说，碰撞的概率降低了30%。这是一个相当大的区别。这意味着产品正在工作，客户正在对其做出反应。我们研究的第二件事是，根据实际数据，碰撞概率是驾驶员安全得分的函数。这与我们的模型一致。最值得注意的是，如果您处于最高级别的安全级别与较低级别的安全级别相比，根据实际数据，碰撞概率会有多重差异。特斯拉正在研究数百个不同的变量和数十亿英里的驾驶历史，以预测损失频率并单独定价每种风险。随着特斯拉销售更多汽车和人们驾驶更多汽车，数据集将继续增长并变得更好。特斯拉正计划在他们拥有汽车的每个主要市场推出个人汽车保险。</blockquote></p><p> <b>Risks to Consider</b></p><p><blockquote><b>需要考虑的风险</b></blockquote></p><p></p><p> So far it must seem that Tesla is in a great position to capitalize on this new frontier. While that might be true, we also have to consider a couple of important risks:</p><p><blockquote>到目前为止，特斯拉似乎处于利用这一新领域的有利位置。虽然这可能是真的，但我们还必须考虑几个重要的风险：</blockquote></p><p> <ul>  <li>It will not be easy to disrupt this massive industry dominated by the top 10 companies. The top 10 and others have a century of insurance acumen have already moved to introduce ever improving UBI programs. Additionally, up and coming insurance pure plays like&nbsp;Lemonade&nbsp;and&nbsp;Root&nbsp;already have or are working to expand on their UBI programs.</p><p><blockquote><ul><li>要颠覆这个由TOP10公司主导的庞大行业并不容易。前10名和其他拥有一个世纪保险头脑的人已经开始引入不断改进的UBI计划。此外，像柠檬水和根这样的新兴保险纯游戏已经或正在努力扩大他们的UBI计划。</li></ul></blockquote></p><p></li>  <li>Personal auto insurance is a complex business with strict regulations by state. It won't be easy to navigate this landscape. Here’s how Elon Musk described it at the&nbsp;Annual Shareholders’ meeting:</p><p><blockquote><li>个人汽车保险是一项复杂的业务，国家有严格的规定。在这片土地上导航并不容易。以下是埃隆-马斯克在年度股东大会上的描述：</li></blockquote></p><p></li> </ul>   Tesla insurance. Yes. So, like the degree in which insurance is a regulatory labyrinth is insane. It was like designed to be hard feeling you guys. I don’t know if it’s – but it certainly is very difficult. So, there is a zillion applications, and you have to wait for a bunch of time. And get it’s come long and complicated and a lot of it is state-by-state. Most of it is state-by-state. So, we are just processing applications in states across the country. And then the states also have different regulations. So, you can’t actually – aren’t legally allowed to offer the same insurance in every state. So, you have got to adjust the software to be different every state. It’s basically very complicated.  <ul>  <li>Typically, the unit economics within personal auto insurance have been poor. Even Progressive, one of the best auto insurers on the market, aims for a profit margin of ~6% after accounting for losses and expenses (including claim handling costs). With Tesla’s digital experience, the expenses are likely to be lower than traditional auto insurance sales and service. The loss ratio is much harder to predict despite the Safety Score indicating a 30% lower likelihood of a collision. It begs the question: what type of margins will the company achieve with its insurance offering?</p><p><blockquote>特斯拉保险公司。是的。所以，就像保险是一个监管迷宫的程度是疯狂的。这就像被设计来让你们很难受。我不知道是不是--但这肯定非常困难。所以，有无数的申请，你必须等待一堆时间。而且这个过程漫长而复杂，而且很多都是各州的情况。大部分是各州的。所以，我们只是在全国各地处理申请。然后各州也有不同的规定。因此，实际上你不能--法律上不允许在每个州提供相同的保险。所以，你必须调整软件，使每个州都不一样。这基本上非常复杂。<ul><li>通常情况下，个人汽车保险的单位经济效益很差。市场上最好的汽车保险公司之一 Progressive 的目标是在考虑损失和费用（包括索赔处理成本）后实现约 6% 的利润率。凭借特斯拉的数字化体验，费用可能会低于传统的汽车保险销售和服务。尽管安全评分表明碰撞的可能性降低了30%，但损失率要难以预测得多。这就引出了一个问题：该公司将通过其保险产品实现什么样的利润？</li></ul></blockquote></p><p></li> </ul> <b>Financial Impact of Tesla Insurance</b></p><p><blockquote><b>特斯拉保险的财务影响</b></blockquote></p><p> On the&nbsp;3Q20 earnings call, Musk noted that Tesla has a goal to hit 20 million in vehicle sales per year by 2030. That's a lofty goal but let's use that as a basis to see what impact Tesla Insurance could have on the financials.</p><p><blockquote>在 2020 年第三季度财报看涨期权上，马斯克指出，特斯拉的目标是到 2030 年每年汽车销量达到 2000 万辆。这是一个崇高的目标，但让我们以此为基础，看看特斯拉保险可能对财务状况产生什么影响。</blockquote></p><p> If Tesla can sell 20 million vehicles per year by 2030 and the average cost of Tesla Insurance is $1,795 (based on TX results shared earlier), Tesla Insurance would generate ~$36 billion in revenue by 2030 assuming every vehicle chooses Tesla Insurance.</p><p><blockquote>如果特斯拉到 2030 年每年可以销售 2000 万辆汽车，而特斯拉保险的平均成本为 1,795 美元（基于之前分享的德克萨斯州结果），那么假设每辆车都选择特斯拉保险，特斯拉保险到 2030 年将产生约 360 亿美元的收入。</blockquote></p><p> Nobody knows if Tesla will sell 20 million vehicles per year by 2030, what the average cost of Tesla Insurance will look like, or if customers will actually buy Tesla Insurance over other carriers. Nonetheless, it is helpful to look at what could happen. As you can see below, even if Tesla doesn't reach 20M in vehicles sales per year by 2030, it could still generate meaningful revenue from its insurance offering.</p><p><blockquote>没有人知道特斯拉到 2030 年每年是否会销售 2000 万辆汽车，特斯拉保险的平均成本会是多少，或者客户是否真的会购买特斯拉保险而不是其他运营商。尽管如此，看看可能会发生什么是有帮助的。如下所示，即使特斯拉到 2030 年每年的汽车销量没有达到 2000 万辆，它仍然可以从其保险产品中产生有意义的收入。</blockquote></p><p> Musk specifically stated on the 3Q20 earnings call that \"insurance could very well be 30%, 40% of the value of the car business, frankly.\"</p><p><blockquote>马斯克在 2020 年第三季度财报看涨期权上特别表示，“坦率地说，保险很可能占汽车业务价值的 30%、40%。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/71469743b3b6f7ffab4202e00bd2a12f\" tg-width=\"625\" tg-height=\"248\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> With Tesla Insurance, it's easier to derive top line estimates compared to bottom line estimates. Currently, there is no way to tell what the profit margin for Tesla's insurance product will look like, but, we can estimate.</p><p><blockquote>有了特斯拉保险，与底线估计相比，得出顶线估计更容易。目前，没有办法知道特斯拉保险产品的利润率会是多少，但是，我们可以估计。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ea1219fdafad7124ac4604ee9267da6e\" tg-width=\"624\" tg-height=\"222\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> If we assume a profit margin of 6% (based on Progressive) and the best case scenario of 20M vehicles sold per year by 2030, Tesla will generate ~$2.2B of income. If Tesla Insurance can achieve a higher profit margin, it will make a meaningful contribution to overall profit over time.</p><p><blockquote>如果我们假设利润率为 6%（基于累进），最佳情况是到 2030 年每年销售 2000 万辆汽车，特斯拉将产生约 2.2B 美元的收入。如果特斯拉能够实现更高的利润率，随着时间的推移，它将对整体利润做出有意义的贡献。</blockquote></p><p> Please note that the above examples are merely high level projections and won't be accurate in all likelihood. For example, the 20 million vehicle sales per year by 2030 is a global target and Insurance in certain countries outside the U.S is either not required or treated much differently. It will be easier to predict what the financials for Tesla Insurance could look like as the company expands its products into additional states and as we receive more information.</p><p><blockquote>请注意，上面的例子仅仅是高级预测，不可能是准确的。例如，到 2030 年每年 2000 万辆汽车销量是一个全球目标，而美国以外的某些国家要么不需要保险，要么受到非常不同的待遇。随着特斯拉保险公司将其产品扩展到其他州，以及我们收到更多信息，预测该公司的财务状况将变得更加容易。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p></p><p> Tesla Insurance has a long runway ahead but it won't be an overnight success. It will likely take significant time to launch the product in different states. The overall share of new car sales that are EVs within the U.S is expected to be&nbsp;30%&nbsp;by 2030, meaning that adoption will be slow and steady. As the story unfolds, Tesla will have to successfully compete with age-old and up and coming personal auto carriers, navigate through complex state by state regulations, and try to generate meaningful revenue and profit.</p><p><blockquote>特斯拉保险公司还有很长的路要走，但它不会一蹴而就。在不同的州推出该产品可能需要很长时间。到 2030 年，电动汽车在美国新车销量中的总体份额预计将达到 30%，这意味着电动汽车的采用将缓慢而稳定。随着故事的展开，特斯拉将不得不成功地与老牌和新兴的私人汽车承运人竞争，通过各州复杂的法规，并努力产生有意义的收入和利润。</blockquote></p><p> At this point, I don't know if Tesla will be able to disrupt and compete within the personal auto industry, but time will tell. I know I'll be watching from the sidelines and I wouldn't bet against them!</p><p><blockquote>在这一点上，我不知道特斯拉是否能够在个人汽车行业内颠覆和竞争，但时间会证明一切。我知道我会在一旁看着，我不会和他们打赌!</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4471362-tesla-stock-personal-auto-insurance-a-new-and-exciting-frontier\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4471362-tesla-stock-personal-auto-insurance-a-new-and-exciting-frontier","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141571893","content_text":"Summary\n\nTesla Insurance is a new and exciting frontier for the company.\nI briefly explore the current personal auto insurance landscape and then analyze the Tesla Insurance Offering including the newly introduced Safety Score in Texas.\nI also cover the risks and the financial impact Tesla Insurance could have.\nTesla Insurance has a long runway ahead but it won't be an overnight success. Nonetheless, I wouldn't bet against Tesla successfully disrupting and competing within the personal auto insurance market.\n\nRidofranz/iStock via Getty Images\nWhat typically comes to mind when you think of personal auto insurance? For the average consumer, insurance is hard to understand, considered expensive, and somewhat boring.\nWhile that might be true, it doesn't have to be this way. Tesla (TSLA) has introduced Tesla insurance in California and more recently in Texas. With this article, we’ll briefly explore the personal auto insurance landscape, dig deeper into the Tesla personal auto insurance product, and look at what it could mean for Tesla moving forward.\nThe Personal Auto Insurance Landscape\nPersonal auto insurance is a mandatory requirement in all but two states within the U.S (Virginia and New Hampshire). Most insurance carriers price insurance using traditional factors (credit score, age, gender, location, driving and vehicle history, etc.) with the option of enrolling into a Usage-Based Insurance (UBI) program.\nA UBI program helps align your auto policy’s cost with your driving habits. Take a look at Progressive(PGR) or Travelers’ (TRV) programs as examples. Nonetheless, traditional insurers still use the aforementioned traditional factors first and foremost with an optional UBI offering.\nThe personal auto market wrote about $250B in premium in 2020. There is a ton of opportunity for Tesla to generate meaningful revenue over time. However, the current top 10 players accounted for ~75% or 3/4 of the total written premiums in 2020. State Farm had the highest market share at 16.2%, followed by the likes of Berkshire Hathaway or Geico (BRK.A), Progressive, and Allstate (ALL).\n\nLemonade (LMND), Metromile (MILE) (recently acquired by Lemonade), Root (ROOT), and others that are only pricing personal auto insurance on how one drives instead of traditional factors are trying to disrupt this massive industry. Tesla is now trying to do the same.\nTesla’s Personal Auto Insurance Offering\nTesla first introduced personal auto insurance in California in 2019 through State National Insurance. More recently, the company took the next step forward in its insurance journey by offering personal auto insurance in Texas through the underwriting company Redpoint County Mutual Insurance. It's important to note that Tesla isn't an underwriting company, it is partnering with underwriting companies to offer its product under the Tesla Insurance name.\nThe premium is determined based on what vehicle you drive, your provided address, how much you drive, and what coverage you select. The company is not using traditional variables like credit, age, gender, and claim history to price their insurance. With Texas, Tesla also introduced their UBI program called the Safety Score as an additional factor in determining premium.\n\nThe Safety Score is based on driving behavior and assigns the driver a score from 0 to 100 based on five safety factors:\n1. Forward Collision Warnings per 1,000 Miles:Audible and visual alerts provided to the driver in situations where a possible collision could occur due to an object in front of the vehicle. Maintaining a safe distance and paying attention to the traffic around you helps improve your score.\n2. Hard Braking*:Defined as a decrease in the vehicle’s speed larger than 6.7 mph, in one second. Despite the definition, I think we all know what hard braking is. The Safety score can be improved by engaging the brake pedal early when slowing down, coming to a stop, or reacting to a change in the environment.\n3. Aggressive Turning*:Defined as an increase in vehicle’s speed to the left/right greater than 8.9 mph, in one second. Again, we all know aggressive turning when we see it. The Safety Score can be improved by turning, changing lanes, or rounding a corner gradually instead of aggressively.\n4. Unsafe Following*:Tesla vehicles measure their own speed, the speed of the vehicle in front of them and the distance between the two vehicles. Based on these measurements, Tesla calculates Headway, or the number of seconds you would have to react and stop if the vehicle in front of you came to a sudden stop. Unsafe following is the proportion of time where your vehicle’s headway is less than 1.0 seconds relative to the time that your vehicle’s headway is less than 3.0 seconds. Unsafe following is only measured when your vehicle is traveling at least 50 mph. The Safety Score can be improved by not tailgating or driving close to the vehicle in front of you so you have enough time to react.\n5. Forced Autopilot Disengagement:If you remove your hands from the steering wheel during Autopilot, an audio and visual warning is sent to the driver. Three of these warnings result in Autopilot system disengagement for the remainder of a trip.\n*Not factored into the Safety Score formula when on Autopilot\nThese factors are measured directly by the Tesla models using various sensors on the vehicle and Autopilot software. Although this is a significant step forward in Tesla’s insurance journey, The Safety Score isn’t something that’s new.\nMany major U.S personal auto insurers have introduced optional UBI programs that assign a score to the driver. Nonetheless, there are a couple of meaningful items that differentiate Tesla.\n\nSome of the factors introduced by Tesla in Texas are different to what other insurance carriers have. For example, Progressive doesn’t have forward collision warnings or unsafe following as factors. On the other hand, Progressive includes late night driving and driving less overall as factors within their UBI program. Tesla is likely to introduce new factors and tweak existing factors within the Safety Score as more data becomes available.\nUnlike other major carriers, Tesla doesn't require and additional device to be installed in the vehicle to capture driving behavior. Tesla uses specific features within the vehicle to evaluate premium based on actual driving.\nThe Safety Score is updated daily to provide real-time feedback on driving safety. The daily Safety Scores are combined (up to 30 days) to provide a premium based on the months’ driving activity. Below is an example of how the premium could change based on the score by month. Traditional insurance carriers don’t offer daily updates and change in premiums by month. Instead, it’s typical to have a monitoring period of 6 months before receiving a score and change in premium.\n\n\n\nBased on the introduction of the Safety Score and partnership with Repoint Insurance, Tesla Insurance is the cheapest option for full coverage in Texas.\n\n\n\nLastly, and most importantly, the company will be able to leverage first party data to predict collision frequency due to the technology within Tesla cars. Other insurance carriers will likely have to partner with different manufacturers to capture data within cars at the point of sale, Tesla already has first party data.\n\nCFO, Zachary Kirkhorn,explained:\n\n At Tesla, because our cars are connected, because they are essentially computers on wheels, there's enormous amounts of data that we have available to us to be able to assess the attributes of a driver who's operating that car, and whether those attributes correlate with safety.\n\n\n We've been able to go back and analyze that data and we've learned 2 things coming from that. The first is that the probability of collision for a customer using safety score versus not is 30% lower. That's a pretty big difference.\n\n\n It means that the product is working and customers are responding to it. The second thing that we've looked at is what is the probability of collision based upon actual data as a function of a driver safety score. And that is aligning with our models. Most notably, if you're in the top tier of safety compared to lower tiers, there's multiplex difference in probability of collision based upon actual data.\n\nTesla is looking at hundreds of different variables and billions of miles of driving history to predict loss frequency and price each risk individually. The dataset will continue to grow and get better as Tesla sells more cars and as people drive more. Tesla is planning to launch personal auto insurance in every major market in which they have cars.\nRisks to Consider\nSo far it must seem that Tesla is in a great position to capitalize on this new frontier. While that might be true, we also have to consider a couple of important risks:\n\nIt will not be easy to disrupt this massive industry dominated by the top 10 companies. The top 10 and others have a century of insurance acumen have already moved to introduce ever improving UBI programs. Additionally, up and coming insurance pure plays like Lemonade and Root already have or are working to expand on their UBI programs.\nPersonal auto insurance is a complex business with strict regulations by state. It won't be easy to navigate this landscape. Here’s how Elon Musk described it at the Annual Shareholders’ meeting:\n\n\n Tesla insurance. Yes. So, like the degree in which insurance is a regulatory labyrinth is insane. It was like designed to be hard feeling you guys. I don’t know if it’s – but it certainly is very difficult. So, there is a zillion applications, and you have to wait for a bunch of time. And get it’s come long and complicated and a lot of it is state-by-state. Most of it is state-by-state. So, we are just processing applications in states across the country. And then the states also have different regulations. So, you can’t actually – aren’t legally allowed to offer the same insurance in every state. So, you have got to adjust the software to be different every state. It’s basically very complicated.\n\n\nTypically, the unit economics within personal auto insurance have been poor. Even Progressive, one of the best auto insurers on the market, aims for a profit margin of ~6% after accounting for losses and expenses (including claim handling costs). With Tesla’s digital experience, the expenses are likely to be lower than traditional auto insurance sales and service. The loss ratio is much harder to predict despite the Safety Score indicating a 30% lower likelihood of a collision. It begs the question: what type of margins will the company achieve with its insurance offering?\n\nFinancial Impact of Tesla Insurance\nOn the 3Q20 earnings call, Musk noted that Tesla has a goal to hit 20 million in vehicle sales per year by 2030. That's a lofty goal but let's use that as a basis to see what impact Tesla Insurance could have on the financials.\nIf Tesla can sell 20 million vehicles per year by 2030 and the average cost of Tesla Insurance is $1,795 (based on TX results shared earlier), Tesla Insurance would generate ~$36 billion in revenue by 2030 assuming every vehicle chooses Tesla Insurance.\nNobody knows if Tesla will sell 20 million vehicles per year by 2030, what the average cost of Tesla Insurance will look like, or if customers will actually buy Tesla Insurance over other carriers. Nonetheless, it is helpful to look at what could happen. As you can see below, even if Tesla doesn't reach 20M in vehicles sales per year by 2030, it could still generate meaningful revenue from its insurance offering.\nMusk specifically stated on the 3Q20 earnings call that \"insurance could very well be 30%, 40% of the value of the car business, frankly.\"\n\nWith Tesla Insurance, it's easier to derive top line estimates compared to bottom line estimates. Currently, there is no way to tell what the profit margin for Tesla's insurance product will look like, but, we can estimate.\n\nIf we assume a profit margin of 6% (based on Progressive) and the best case scenario of 20M vehicles sold per year by 2030, Tesla will generate ~$2.2B of income. If Tesla Insurance can achieve a higher profit margin, it will make a meaningful contribution to overall profit over time.\nPlease note that the above examples are merely high level projections and won't be accurate in all likelihood. For example, the 20 million vehicle sales per year by 2030 is a global target and Insurance in certain countries outside the U.S is either not required or treated much differently. It will be easier to predict what the financials for Tesla Insurance could look like as the company expands its products into additional states and as we receive more information.\nConclusion\nTesla Insurance has a long runway ahead but it won't be an overnight success. It will likely take significant time to launch the product in different states. The overall share of new car sales that are EVs within the U.S is expected to be 30% by 2030, meaning that adoption will be slow and steady. As the story unfolds, Tesla will have to successfully compete with age-old and up and coming personal auto carriers, navigate through complex state by state regulations, and try to generate meaningful revenue and profit.\nAt this point, I don't know if Tesla will be able to disrupt and compete within the personal auto industry, but time will tell. I know I'll be watching from the sidelines and I wouldn't bet against them!","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874326674,"gmtCreate":1637732950250,"gmtModify":1637732950523,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874326674","repostId":"1163826660","repostType":4,"isVote":1,"tweetType":1,"viewCount":912,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874326101,"gmtCreate":1637732941765,"gmtModify":1637732942024,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874326101","repostId":"2185337711","repostType":4,"isVote":1,"tweetType":1,"viewCount":1267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874326391,"gmtCreate":1637732931759,"gmtModify":1637732932051,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874326391","repostId":"1181312377","repostType":4,"isVote":1,"tweetType":1,"viewCount":842,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874326047,"gmtCreate":1637732920991,"gmtModify":1637732921257,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874326047","repostId":"1156496578","repostType":4,"isVote":1,"tweetType":1,"viewCount":930,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875646723,"gmtCreate":1637649734493,"gmtModify":1637649734768,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875646723","repostId":"2185300800","repostType":4,"isVote":1,"tweetType":1,"viewCount":1022,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875646473,"gmtCreate":1637649725300,"gmtModify":1637649725596,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875646473","repostId":"1128629354","repostType":4,"repost":{"id":"1128629354","kind":"news","pubTimestamp":1637648403,"share":"https://www.laohunote.com/m/news/1128629354?lang=zh_CN&edition=full","pubTime":"2021-11-23 14:20","market":"us","language":"en","title":"Powell, Brainard nominated as Fed's 1-2 punch. What's next?<blockquote>鲍威尔，布雷纳德被提名为美联储的1-2拳。下一步是什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128629354","media":"Reuters","summary":"(Reuters) - President Joe Biden ended months of speculation over his pick to run the Federal Reserve","content":"<p>(Reuters) - President Joe Biden ended months of speculation over his pick to run the Federal Reserve in reappointing Jerome Powell as chair and promoting Fed Governor Lael Brainard to the bank's No. 2 role.</p><p><blockquote>（路透社）-美国总统乔·拜登（Joe Biden）重新任命杰罗姆·鲍威尔（Jerome Powell）为美联储主席，并提拔美联储理事莱尔·布雷纳德（Lael Brainard）担任美联储二号人物，结束了数月来关于他选择美联储主席的猜测。</blockquote></p><p> The announcement kicks off an approval process in the U.S. Senate that could wrap up as early as next month or stretch into early 2022. Powell's current term as chair expires in early February, and the Fed Board of Governors seat held by Richard Clarida, who currently holds the vice chair post to which Brainard has been nominated, expires at the end of January.</p><p><blockquote>该公告启动了美国的审批程序。参议院最早可能在下个月结束，也可能持续到 2022 年初。鲍威尔目前的主席任期将于2月初到期，理查德·克拉里达（Richard Clarida）担任的美联储理事会席位将于1月底到期，他目前担任布雷纳德被提名的副主席职位。</blockquote></p><p> In the meantime, the Fed continues about its business, with its final policy meeting of the year in three weeks. Here's what's ahead for the leadership process and the Fed's agenda:</p><p><blockquote>与此同时，美联储继续开展工作，三周后将召开今年最后一次政策会议。以下是领导流程和美联储议程的未来：</blockquote></p><p> FIRST STOP: SENATE BANKING COMMITTEE</p><p><blockquote>第一站：参议院银行委员会</blockquote></p><p> The nominations of Powell and Brainard, whose stints as Fed board members date to 2012 and 2014, respectively, must be formally submitted to the Senate, which will refer them to the Senate Banking Committee, chaired by Democrat Sherrod Brown.</p><p><blockquote>鲍威尔和布雷纳德的任期分别为2012年和2014年，他们的提名必须正式提交给参议院，参议院将把他们提交给由民主党人谢罗德·布朗担任主席的参议院银行委员会。</blockquote></p><p> The committee, split evenly between Democrats and Republicans, will schedule confirmation hearings and then vote to either report the nominees favorably, unfavorably or with no recommendation to the full Senate.</p><p><blockquote>该委员会由民主党和共和党各占一半，将安排确认听证会，然后投票决定向参议院全体成员报告有利、不利或不推荐被提名人。</blockquote></p><p> Fed officials including Powell and Brainard enter a \"blackout period\" starting at the end of next week ahead of their December 14-15 policy meeting, making it unlikely their confirmation hearing or committee vote could be held before then.</p><p><blockquote>包括鲍威尔和布雷纳德在内的美联储官员在12月14日至15日的政策会议之前从下周末开始进入“停电期”，这使得他们的确认听证会或委员会投票不太可能在此之前举行。</blockquote></p><p> ON TO THE FULL SENATE</p><p><blockquote>参议院全体会议</blockquote></p><p> Regardless of the committee's recommendation, the full 100-member chamber, also equally divided, then has the final say, with Vice President Kamala Harris designated as the tie-breaking vote should it come to that.</p><p><blockquote>不管委员会的建议如何，同样平分的100名成员的众议院拥有最终决定权，副总统卡马拉·哈里斯被指定为打破平局的一票。</blockquote></p><p> Both have been through this process before for their current posts. While neither received unanimous support in their previous nominations, both were ultimately approved.</p><p><blockquote>两人之前都经历过这个过程。虽然两人在之前的提名中都没有得到一致支持，但最终都获得了批准。</blockquote></p><p> Powell, a Republican who has focused extensively on his relations with Congress since becoming chair in 2018, is seen getting majority support from both parties. Brainard, a Democrat, may find less bi-partisan backing, but at least one Republican - Susan Collins of Maine - told Reuters she would back both.</p><p><blockquote>鲍威尔是一名共和党人，自2018年成为主席以来，他一直广泛关注与国会的关系，被认为得到了两党的多数支持。民主党人布雷纳德可能会得到较少的两党支持，但至少有一名共和党人——缅因州的苏珊·柯林斯——告诉路透社，她会支持两党。</blockquote></p><p> Broker-dealer BTIG in a note on Monday said it expects the process to move quickly in December, starting promptly after the Fed's next meeting.</p><p><blockquote>经纪自营商 BTIG 在周一的一份报告中表示，预计这一过程将在 12 月迅速推进，并在美联储下次会议后立即开始。</blockquote></p><p> \"Our base case is that they will be cleared by the full Senate this year,\" BTIG analyst Isaac Boltansky said.</p><p><blockquote>BTIG 分析师艾萨克·博尔坦斯基 (Isaac Boltansky) 表示：“我们的基本情况是，它们将于今年获得参议院全体会议的批准。”</blockquote></p><p> THREE MORE SPOTS</p><p><blockquote>还有三个地点</blockquote></p><p> Biden still has three vacancies to fill at the Fed's seven-member Board of Governors, including the vice chair for supervision role recently vacated by Randal Quarles, who leaves the Fed at the end of the year.</p><p><blockquote>拜登在美联储七人理事会中仍有三个空缺需要填补，其中包括兰德尔·夸尔斯（Randal Quarles）最近空出的负责监管的副主席职位，他将于今年年底离开美联储。</blockquote></p><p> These openings offer Biden an opportunity to put a lasting imprint on the central bank, and most analysts expect him to tap progressives and individuals of diverse backgrounds, especially for the bank-oversight role.</p><p><blockquote>这些职位空缺为拜登提供了一个在央行留下持久印记的机会，大多数分析师预计他将利用进步人士和不同背景的个人，特别是在银行监督角色方面。</blockquote></p><p> Progressives like Senator Elizabeth Warren of Massachusetts, upset with Biden's choice of Powell, have ramped up calls for a tougher Wall Street cop in the supervision seat.</p><p><blockquote>马萨诸塞州参议员Elizabeth Warren等进步人士对拜登选择鲍威尔感到不满，他们加大了评级，要求在监督席位上任命一名更强硬的华尔街警察。</blockquote></p><p> Biden said in his statement nominating Powell and Brainard that he would announce his choices for these roles in early December. Each will go through the same process detailed above.</p><p><blockquote>拜登在提名鲍威尔和布雷纳德的声明中表示，他将在12月初宣布对这些角色的选择。每个人都将经历上述相同的过程。</blockquote></p><p> A 'DIFFICULT DANCE'</p><p><blockquote>“困难的舞蹈”</blockquote></p><p> As the Powell and Brainard nominations weave their way through Capitol Hill, business at the Fed continues, with the year's final policy meeting in just three weeks' time and growing expectations for more decisive action to address annual inflation running at around twice the bank's 2%-a-year target.</p><p><blockquote>随着鲍威尔和布雷纳德的提名在国会山交织，美联储的业务仍在继续，今年最后一次政策会议将在短短三周内举行，人们越来越期望采取更果断的行动来解决年度通胀率约为该银行每年 2% 的目标。</blockquote></p><p> Earlier this month, officials took the first step toward putting policy on a more normal track after roughly a year-and-a-half in an emergency footing designed to cushion the economy from the broadside delivered by the pandemic.</p><p><blockquote>本月早些时候，官员们迈出了将政策纳入更正常轨道的第一步，此前大约一年半的紧急基础旨在缓冲疫情带来的经济影响。</blockquote></p><p> A number of Fed officials argue they need to accelerate that end-game process to bring inflation to heel - starting with a quicker end to their bond purchases and an earlier start to rate hikes.</p><p><blockquote>一些美联储官员认为，他们需要加快最终进程，以控制通胀——首先是更快地结束债券购买，并提前开始加息。</blockquote></p><p> Just how far Powell and Brainard are leaning in that direction is unclear, but both went out of their way on Monday as they stood alongside Biden to assure they are determined not to allow inflation to upend the ongoing economic recovery and hurt American families.</p><p><blockquote>鲍威尔和布雷纳德在这个方向上倾向于多大程度尚不清楚，但两人周一都特意与拜登站在一起，保证他们决心不让通货膨胀颠覆正在进行的经济复苏并伤害美国家庭。</blockquote></p><p> Mark Zandi, chief economist for Moody's Analytics, sees a challenging few months ahead for the Fed, with almost as much uncertainty about the pandemic - and the risks that poses to the recovery - as about inflation.</p><p><blockquote>穆迪分析公司首席经济学家马克·赞迪认为，美联储未来几个月将面临充满挑战的几个月，疫情及其给经济复苏带来的风险的不确定性几乎与通胀一样多。</blockquote></p><p> \"They have to raise rates quickly enough and take their foot off the accelerator fast enough that the economy doesn't experience runaway asset markets or inflation that's going to be tough to get back into something they feel comfortable with,\" Zandi said. \"It's a very difficult dance they're going to have to do.\"</p><p><blockquote>赞迪表示：“他们必须足够快地加息，并足够快地松开油门，这样经济就不会经历资产市场失控或通货膨胀，而这些情况很难回到他们感到舒适的状态。”“他们将不得不跳一支非常困难的舞蹈。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Powell, Brainard nominated as Fed's 1-2 punch. What's next?<blockquote>鲍威尔，布雷纳德被提名为美联储的1-2拳。下一步是什么？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell, Brainard nominated as Fed's 1-2 punch. What's next?<blockquote>鲍威尔，布雷纳德被提名为美联储的1-2拳。下一步是什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-23 14:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - President Joe Biden ended months of speculation over his pick to run the Federal Reserve in reappointing Jerome Powell as chair and promoting Fed Governor Lael Brainard to the bank's No. 2 role.</p><p><blockquote>（路透社）-美国总统乔·拜登（Joe Biden）重新任命杰罗姆·鲍威尔（Jerome Powell）为美联储主席，并提拔美联储理事莱尔·布雷纳德（Lael Brainard）担任美联储二号人物，结束了数月来关于他选择美联储主席的猜测。</blockquote></p><p> The announcement kicks off an approval process in the U.S. Senate that could wrap up as early as next month or stretch into early 2022. Powell's current term as chair expires in early February, and the Fed Board of Governors seat held by Richard Clarida, who currently holds the vice chair post to which Brainard has been nominated, expires at the end of January.</p><p><blockquote>该公告启动了美国的审批程序。参议院最早可能在下个月结束，也可能持续到 2022 年初。鲍威尔目前的主席任期将于2月初到期，理查德·克拉里达（Richard Clarida）担任的美联储理事会席位将于1月底到期，他目前担任布雷纳德被提名的副主席职位。</blockquote></p><p> In the meantime, the Fed continues about its business, with its final policy meeting of the year in three weeks. Here's what's ahead for the leadership process and the Fed's agenda:</p><p><blockquote>与此同时，美联储继续开展工作，三周后将召开今年最后一次政策会议。以下是领导流程和美联储议程的未来：</blockquote></p><p> FIRST STOP: SENATE BANKING COMMITTEE</p><p><blockquote>第一站：参议院银行委员会</blockquote></p><p> The nominations of Powell and Brainard, whose stints as Fed board members date to 2012 and 2014, respectively, must be formally submitted to the Senate, which will refer them to the Senate Banking Committee, chaired by Democrat Sherrod Brown.</p><p><blockquote>鲍威尔和布雷纳德的任期分别为2012年和2014年，他们的提名必须正式提交给参议院，参议院将把他们提交给由民主党人谢罗德·布朗担任主席的参议院银行委员会。</blockquote></p><p> The committee, split evenly between Democrats and Republicans, will schedule confirmation hearings and then vote to either report the nominees favorably, unfavorably or with no recommendation to the full Senate.</p><p><blockquote>该委员会由民主党和共和党各占一半，将安排确认听证会，然后投票决定向参议院全体成员报告有利、不利或不推荐被提名人。</blockquote></p><p> Fed officials including Powell and Brainard enter a \"blackout period\" starting at the end of next week ahead of their December 14-15 policy meeting, making it unlikely their confirmation hearing or committee vote could be held before then.</p><p><blockquote>包括鲍威尔和布雷纳德在内的美联储官员在12月14日至15日的政策会议之前从下周末开始进入“停电期”，这使得他们的确认听证会或委员会投票不太可能在此之前举行。</blockquote></p><p> ON TO THE FULL SENATE</p><p><blockquote>参议院全体会议</blockquote></p><p> Regardless of the committee's recommendation, the full 100-member chamber, also equally divided, then has the final say, with Vice President Kamala Harris designated as the tie-breaking vote should it come to that.</p><p><blockquote>不管委员会的建议如何，同样平分的100名成员的众议院拥有最终决定权，副总统卡马拉·哈里斯被指定为打破平局的一票。</blockquote></p><p> Both have been through this process before for their current posts. While neither received unanimous support in their previous nominations, both were ultimately approved.</p><p><blockquote>两人之前都经历过这个过程。虽然两人在之前的提名中都没有得到一致支持，但最终都获得了批准。</blockquote></p><p> Powell, a Republican who has focused extensively on his relations with Congress since becoming chair in 2018, is seen getting majority support from both parties. Brainard, a Democrat, may find less bi-partisan backing, but at least one Republican - Susan Collins of Maine - told Reuters she would back both.</p><p><blockquote>鲍威尔是一名共和党人，自2018年成为主席以来，他一直广泛关注与国会的关系，被认为得到了两党的多数支持。民主党人布雷纳德可能会得到较少的两党支持，但至少有一名共和党人——缅因州的苏珊·柯林斯——告诉路透社，她会支持两党。</blockquote></p><p> Broker-dealer BTIG in a note on Monday said it expects the process to move quickly in December, starting promptly after the Fed's next meeting.</p><p><blockquote>经纪自营商 BTIG 在周一的一份报告中表示，预计这一过程将在 12 月迅速推进，并在美联储下次会议后立即开始。</blockquote></p><p> \"Our base case is that they will be cleared by the full Senate this year,\" BTIG analyst Isaac Boltansky said.</p><p><blockquote>BTIG 分析师艾萨克·博尔坦斯基 (Isaac Boltansky) 表示：“我们的基本情况是，它们将于今年获得参议院全体会议的批准。”</blockquote></p><p> THREE MORE SPOTS</p><p><blockquote>还有三个地点</blockquote></p><p> Biden still has three vacancies to fill at the Fed's seven-member Board of Governors, including the vice chair for supervision role recently vacated by Randal Quarles, who leaves the Fed at the end of the year.</p><p><blockquote>拜登在美联储七人理事会中仍有三个空缺需要填补，其中包括兰德尔·夸尔斯（Randal Quarles）最近空出的负责监管的副主席职位，他将于今年年底离开美联储。</blockquote></p><p> These openings offer Biden an opportunity to put a lasting imprint on the central bank, and most analysts expect him to tap progressives and individuals of diverse backgrounds, especially for the bank-oversight role.</p><p><blockquote>这些职位空缺为拜登提供了一个在央行留下持久印记的机会，大多数分析师预计他将利用进步人士和不同背景的个人，特别是在银行监督角色方面。</blockquote></p><p> Progressives like Senator Elizabeth Warren of Massachusetts, upset with Biden's choice of Powell, have ramped up calls for a tougher Wall Street cop in the supervision seat.</p><p><blockquote>马萨诸塞州参议员Elizabeth Warren等进步人士对拜登选择鲍威尔感到不满，他们加大了评级，要求在监督席位上任命一名更强硬的华尔街警察。</blockquote></p><p> Biden said in his statement nominating Powell and Brainard that he would announce his choices for these roles in early December. Each will go through the same process detailed above.</p><p><blockquote>拜登在提名鲍威尔和布雷纳德的声明中表示，他将在12月初宣布对这些角色的选择。每个人都将经历上述相同的过程。</blockquote></p><p> A 'DIFFICULT DANCE'</p><p><blockquote>“困难的舞蹈”</blockquote></p><p> As the Powell and Brainard nominations weave their way through Capitol Hill, business at the Fed continues, with the year's final policy meeting in just three weeks' time and growing expectations for more decisive action to address annual inflation running at around twice the bank's 2%-a-year target.</p><p><blockquote>随着鲍威尔和布雷纳德的提名在国会山交织，美联储的业务仍在继续，今年最后一次政策会议将在短短三周内举行，人们越来越期望采取更果断的行动来解决年度通胀率约为该银行每年 2% 的目标。</blockquote></p><p> Earlier this month, officials took the first step toward putting policy on a more normal track after roughly a year-and-a-half in an emergency footing designed to cushion the economy from the broadside delivered by the pandemic.</p><p><blockquote>本月早些时候，官员们迈出了将政策纳入更正常轨道的第一步，此前大约一年半的紧急基础旨在缓冲疫情带来的经济影响。</blockquote></p><p> A number of Fed officials argue they need to accelerate that end-game process to bring inflation to heel - starting with a quicker end to their bond purchases and an earlier start to rate hikes.</p><p><blockquote>一些美联储官员认为，他们需要加快最终进程，以控制通胀——首先是更快地结束债券购买，并提前开始加息。</blockquote></p><p> Just how far Powell and Brainard are leaning in that direction is unclear, but both went out of their way on Monday as they stood alongside Biden to assure they are determined not to allow inflation to upend the ongoing economic recovery and hurt American families.</p><p><blockquote>鲍威尔和布雷纳德在这个方向上倾向于多大程度尚不清楚，但两人周一都特意与拜登站在一起，保证他们决心不让通货膨胀颠覆正在进行的经济复苏并伤害美国家庭。</blockquote></p><p> Mark Zandi, chief economist for Moody's Analytics, sees a challenging few months ahead for the Fed, with almost as much uncertainty about the pandemic - and the risks that poses to the recovery - as about inflation.</p><p><blockquote>穆迪分析公司首席经济学家马克·赞迪认为，美联储未来几个月将面临充满挑战的几个月，疫情及其给经济复苏带来的风险的不确定性几乎与通胀一样多。</blockquote></p><p> \"They have to raise rates quickly enough and take their foot off the accelerator fast enough that the economy doesn't experience runaway asset markets or inflation that's going to be tough to get back into something they feel comfortable with,\" Zandi said. \"It's a very difficult dance they're going to have to do.\"</p><p><blockquote>赞迪表示：“他们必须足够快地加息，并足够快地松开油门，这样经济就不会经历资产市场失控或通货膨胀，而这些情况很难回到他们感到舒适的状态。”“他们将不得不跳一支非常困难的舞蹈。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/powell-brainard-nominated-feds-1-060000626.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/powell-brainard-nominated-feds-1-060000626.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128629354","content_text":"(Reuters) - President Joe Biden ended months of speculation over his pick to run the Federal Reserve in reappointing Jerome Powell as chair and promoting Fed Governor Lael Brainard to the bank's No. 2 role.\nThe announcement kicks off an approval process in the U.S. Senate that could wrap up as early as next month or stretch into early 2022. Powell's current term as chair expires in early February, and the Fed Board of Governors seat held by Richard Clarida, who currently holds the vice chair post to which Brainard has been nominated, expires at the end of January.\nIn the meantime, the Fed continues about its business, with its final policy meeting of the year in three weeks. Here's what's ahead for the leadership process and the Fed's agenda:\nFIRST STOP: SENATE BANKING COMMITTEE\nThe nominations of Powell and Brainard, whose stints as Fed board members date to 2012 and 2014, respectively, must be formally submitted to the Senate, which will refer them to the Senate Banking Committee, chaired by Democrat Sherrod Brown.\nThe committee, split evenly between Democrats and Republicans, will schedule confirmation hearings and then vote to either report the nominees favorably, unfavorably or with no recommendation to the full Senate.\nFed officials including Powell and Brainard enter a \"blackout period\" starting at the end of next week ahead of their December 14-15 policy meeting, making it unlikely their confirmation hearing or committee vote could be held before then.\nON TO THE FULL SENATE\nRegardless of the committee's recommendation, the full 100-member chamber, also equally divided, then has the final say, with Vice President Kamala Harris designated as the tie-breaking vote should it come to that.\nBoth have been through this process before for their current posts. While neither received unanimous support in their previous nominations, both were ultimately approved.\nPowell, a Republican who has focused extensively on his relations with Congress since becoming chair in 2018, is seen getting majority support from both parties. Brainard, a Democrat, may find less bi-partisan backing, but at least one Republican - Susan Collins of Maine - told Reuters she would back both.\nBroker-dealer BTIG in a note on Monday said it expects the process to move quickly in December, starting promptly after the Fed's next meeting.\n\"Our base case is that they will be cleared by the full Senate this year,\" BTIG analyst Isaac Boltansky said.\nTHREE MORE SPOTS\nBiden still has three vacancies to fill at the Fed's seven-member Board of Governors, including the vice chair for supervision role recently vacated by Randal Quarles, who leaves the Fed at the end of the year.\nThese openings offer Biden an opportunity to put a lasting imprint on the central bank, and most analysts expect him to tap progressives and individuals of diverse backgrounds, especially for the bank-oversight role.\nProgressives like Senator Elizabeth Warren of Massachusetts, upset with Biden's choice of Powell, have ramped up calls for a tougher Wall Street cop in the supervision seat.\nBiden said in his statement nominating Powell and Brainard that he would announce his choices for these roles in early December. Each will go through the same process detailed above.\nA 'DIFFICULT DANCE'\nAs the Powell and Brainard nominations weave their way through Capitol Hill, business at the Fed continues, with the year's final policy meeting in just three weeks' time and growing expectations for more decisive action to address annual inflation running at around twice the bank's 2%-a-year target.\nEarlier this month, officials took the first step toward putting policy on a more normal track after roughly a year-and-a-half in an emergency footing designed to cushion the economy from the broadside delivered by the pandemic.\nA number of Fed officials argue they need to accelerate that end-game process to bring inflation to heel - starting with a quicker end to their bond purchases and an earlier start to rate hikes.\nJust how far Powell and Brainard are leaning in that direction is unclear, but both went out of their way on Monday as they stood alongside Biden to assure they are determined not to allow inflation to upend the ongoing economic recovery and hurt American families.\nMark Zandi, chief economist for Moody's Analytics, sees a challenging few months ahead for the Fed, with almost as much uncertainty about the pandemic - and the risks that poses to the recovery - as about inflation.\n\"They have to raise rates quickly enough and take their foot off the accelerator fast enough that the economy doesn't experience runaway asset markets or inflation that's going to be tough to get back into something they feel comfortable with,\" Zandi said. \"It's a very difficult dance they're going to have to do.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":887999173,"gmtCreate":1631953026592,"gmtModify":1632805104718,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3565687171198207","idStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like 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pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/873108681","repostId":"1103944030","repostType":4,"isVote":1,"tweetType":1,"viewCount":863,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":883595415,"gmtCreate":1631252186237,"gmtModify":1631893568572,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3565687171198207","idStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/883595415","repostId":"2166345008","repostType":4,"isVote":1,"tweetType":1,"viewCount":781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174492824,"gmtCreate":1627121222568,"gmtModify":1633767791917,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3565687171198207","idStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like my comment pls&nbsp;","listText":"Like my comment pls&nbsp;","text":"Like my comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/174492824","repostId":"1191636755","repostType":4,"repost":{"id":"1191636755","kind":"news","pubTimestamp":1627084309,"share":"https://www.laohunote.com/m/news/1191636755?lang=zh_CN&edition=full","pubTime":"2021-07-24 07:51","market":"us","language":"en","title":"Tesla Earnings Are Coming. Here’s the One Number That Matters.<blockquote>特斯拉的收益即将到来。这是一个重要的数字。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191636755","media":"Barrons","summary":"Tesla’s second-quarter earnings are just around the corner, and investors should gear up for a likel","content":"<p>Tesla’s second-quarter earnings are just around the corner, and investors should gear up for a likely very complicated report.</p><p><blockquote>特斯拉第二季度财报即将发布，投资者应该为一份可能非常复杂的报告做好准备。</blockquote></p><p> There are a lot of moving parts, even more than usual for the world’s most valuable car company and its iconoclast CEO Elon Musk. Figuring out if the stock will go up or down, however, shouldn’t be all that difficult.</p><p><blockquote>对于世界上最有价值的汽车公司及其打破常规的首席执行官埃隆-马斯克（Elon Musk）来说，有很多移动部件，甚至比平时还要多。不过，判断股票是上涨还是下跌应该并不难。</blockquote></p><p> The EV pioneer will report after the close of trading on Monday,July 26. Wall Street is looking for&nbsp;Tesla to report about 94 cents in per-share earnings from $11.5 billion in sales, according to FactSet. Beating analyst estimates is important, almost required, for any stock to remain stable in post-earnings trading. That’s true for Tesla as well.</p><p><blockquote>电动汽车先锋将于 7 月 26 日星期一收盘后发布报告。据 FactSet 称，华尔街希望特斯拉在 115 亿美元的销售额中报告每股收益约 94 美分。超出分析师预期对于任何股票在财报后交易中保持稳定来说都很重要，几乎是必需的。特斯拉也是如此。</blockquote></p><p> There are plenty of factors that will contribute to bottom-line earnings—the global&nbsp;semiconductor&nbsp;shortage,vehicle pricing, vehicle gross profit margins, and the level of profitability in Tesla’s battery storage business. In the end, however, investors will want to see a record in operating profits—no matter how it happens. That’s what could break shares out of their recent range.</p><p><blockquote>有很多因素会影响底线收益--全球半导体短缺、汽车定价、汽车毛利率以及特斯拉电池存储业务的盈利水平。然而，最终，投资者会希望看到营业利润创纪录——无论如何发生。这可能会打破股价近期的区间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/eb9cfd5cbe6d36d06167f82af45447d1\" tg-width=\"869\" tg-height=\"580\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Tesla reported more than $800 million in operating profits in the 2020 third quarter, and the stock more than doubled to around $860 in the three-month span that followed. But since operating profit growth largely paused in the subsequent quarters, shares have traded down from roughly $860 to around $640 recently. Profit stagnation has meant stock stagnation, too.</p><p><blockquote>特斯拉公布 2020 年第三季度营业利润超过 8 亿美元，在接下来的三个月内，该股股价翻了一番多，达到 860 美元左右。但由于营业利润增长在随后几个季度基本暂停，股价已从约 860 美元跌至最近的 640 美元左右。利润停滞也意味着库存停滞。</blockquote></p><p> The good news for Tesla bulls is Wall Street is projecting a fresh record: Operating profit is expected to be $835 million for the second quarter, driven by strong deliveries. The 2021 second quarter marked the first time Tesla delivered&nbsp;more than 200,000&nbsp;vehicles in a single quarter.</p><p><blockquote>对于特斯拉多头来说，好消息是华尔街预计将创下新纪录：在强劲交付的推动下，第二季度营业利润预计将达到 8.35 亿美元。2021年第二季度是特斯拉首次在单季度交付超过20万辆汽车。</blockquote></p><p> After earnings are digested, there should be endless arguments among bulls and bears about the quality of earnings. For instance, one way Tesla generates sales is by selling regulatory credits—which it earns by producing more than its fair share of electric vehicles. The company generated $518 million in first-quarter credit sales, which helped Tesla&nbsp;beat earnings&nbsp;estimates. There is always debate about what is the “normal” amount of credit sales and when will those sales dry up. Eventually, both the bulls and bears expect other auto makers to sell their own EVs, cutting off that source of revenue for Tesla.</p><p><blockquote>财报消化完毕后，多头和空头之间关于财报质量的争论应该会层出不穷。例如，特斯拉创造销售额的一种方式是出售监管积分——它通过生产超过其公平份额的电动汽车来获得这些积分。该公司第一季度信贷销售额为 5.18 亿美元，帮助特斯拉超出盈利预期。关于信用销售额的 “正常 ”数量以及这些销售额何时会枯竭，一直存在争议。最终，多头和空头都预计其他汽车制造商将出售自己的电动汽车，从而切断特斯拉的收入来源。</blockquote></p><p> There is also the issue&nbsp;of Bitcoin. Tesla recognized a small gain on its Bitcoin holdings in the first quarter, but the cryptocurrency’s prices have fallen by roughly half since their April peak. That means there is a chance of a small loss. How investors react is anyone’s guess, but don’t expect Tesla to sell out of its Bitcoin position. Musk continues to indicate his company will transact in the cryptocurrency when Bitcoin mining uses more sustainable power.</p><p><blockquote>还有比特币的问题。特斯拉承认其持有的比特币在第一季度略有增加，但这种加密货币的价格自 4 月份的峰值以来已经下跌了大约一半。这意味着有可能出现小幅亏损。投资者的反应谁也说不准，但不要指望特斯拉会抛售其比特币头寸。马斯克继续表示，当比特币矿业使用更可持续的电力时，他的公司将以加密货币进行交易。</blockquote></p><p> Investors will also want to know when Tesla’s new Germany plant and Austin, Texas facility will start delivering cars. The Austin plant will build Tesla’s&nbsp;Cybertruck. There will also likely be questions about advances in Tesla’s driver-assistance functions—the company recently started selling its driver-assistance software&nbsp;as a subscription—and how much money the company could make from its charging network. Musk tweeted this week Tesla would open its&nbsp;charging network&nbsp;to other EVs down the road.</p><p><blockquote>投资者还想知道特斯拉在德国的新工厂和德克萨斯州奥斯汀的工厂何时开始交付汽车。奥斯汀工厂将生产特斯拉的 Cybertruck。特斯拉驾驶辅助功能的进步--该公司最近开始以订阅的形式销售其驾驶辅助软件--以及该公司能从其充电网络中赚多少钱，也可能会有人质疑。马斯克本周在推特上表示，特斯拉将向未来的其他电动汽车开放其充电网络。</blockquote></p><p> All those topics and more should come up on the earningsconference callscheduled for 5:30 p.m. ET on Monday. Year to date, Tesla stock is down roughly 9%, trailing behind comparable 17% and 15% respective gains of theS&amp;P 500andDow Jones Industrial Average.Still, Tesla shares have had a strong run, up about 112% over the past 12 months.</p><p><blockquote>所有这些话题以及更多话题都应该在定于下午 5:30 举行的财报电话会议上提出。美国东部时间周一。今年迄今为止，特斯拉股价已下跌约 9%，落后于标准普尔 500 指数和道琼斯工业平均指数分别 17% 和 15% 的可比涨幅。尽管如此，特斯拉股价仍表现强劲，过去 12 个月上涨了约 112%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Earnings Are Coming. Here’s the One Number That Matters.<blockquote>特斯拉的收益即将到来。这是一个重要的数字。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Earnings Are Coming. Here’s the One Number That Matters.<blockquote>特斯拉的收益即将到来。这是一个重要的数字。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-24 07:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla’s second-quarter earnings are just around the corner, and investors should gear up for a likely very complicated report.</p><p><blockquote>特斯拉第二季度财报即将发布，投资者应该为一份可能非常复杂的报告做好准备。</blockquote></p><p> There are a lot of moving parts, even more than usual for the world’s most valuable car company and its iconoclast CEO Elon Musk. Figuring out if the stock will go up or down, however, shouldn’t be all that difficult.</p><p><blockquote>对于世界上最有价值的汽车公司及其打破常规的首席执行官埃隆-马斯克（Elon Musk）来说，有很多移动部件，甚至比平时还要多。不过，判断股票是上涨还是下跌应该并不难。</blockquote></p><p> The EV pioneer will report after the close of trading on Monday,July 26. Wall Street is looking for&nbsp;Tesla to report about 94 cents in per-share earnings from $11.5 billion in sales, according to FactSet. Beating analyst estimates is important, almost required, for any stock to remain stable in post-earnings trading. That’s true for Tesla as well.</p><p><blockquote>电动汽车先锋将于 7 月 26 日星期一收盘后发布报告。据 FactSet 称，华尔街希望特斯拉在 115 亿美元的销售额中报告每股收益约 94 美分。超出分析师预期对于任何股票在财报后交易中保持稳定来说都很重要，几乎是必需的。特斯拉也是如此。</blockquote></p><p> There are plenty of factors that will contribute to bottom-line earnings—the global&nbsp;semiconductor&nbsp;shortage,vehicle pricing, vehicle gross profit margins, and the level of profitability in Tesla’s battery storage business. In the end, however, investors will want to see a record in operating profits—no matter how it happens. That’s what could break shares out of their recent range.</p><p><blockquote>有很多因素会影响底线收益--全球半导体短缺、汽车定价、汽车毛利率以及特斯拉电池存储业务的盈利水平。然而，最终，投资者会希望看到营业利润创纪录——无论如何发生。这可能会打破股价近期的区间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/eb9cfd5cbe6d36d06167f82af45447d1\" tg-width=\"869\" tg-height=\"580\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Tesla reported more than $800 million in operating profits in the 2020 third quarter, and the stock more than doubled to around $860 in the three-month span that followed. But since operating profit growth largely paused in the subsequent quarters, shares have traded down from roughly $860 to around $640 recently. Profit stagnation has meant stock stagnation, too.</p><p><blockquote>特斯拉公布 2020 年第三季度营业利润超过 8 亿美元，在接下来的三个月内，该股股价翻了一番多，达到 860 美元左右。但由于营业利润增长在随后几个季度基本暂停，股价已从约 860 美元跌至最近的 640 美元左右。利润停滞也意味着库存停滞。</blockquote></p><p> The good news for Tesla bulls is Wall Street is projecting a fresh record: Operating profit is expected to be $835 million for the second quarter, driven by strong deliveries. The 2021 second quarter marked the first time Tesla delivered&nbsp;more than 200,000&nbsp;vehicles in a single quarter.</p><p><blockquote>对于特斯拉多头来说，好消息是华尔街预计将创下新纪录：在强劲交付的推动下，第二季度营业利润预计将达到 8.35 亿美元。2021年第二季度是特斯拉首次在单季度交付超过20万辆汽车。</blockquote></p><p> After earnings are digested, there should be endless arguments among bulls and bears about the quality of earnings. For instance, one way Tesla generates sales is by selling regulatory credits—which it earns by producing more than its fair share of electric vehicles. The company generated $518 million in first-quarter credit sales, which helped Tesla&nbsp;beat earnings&nbsp;estimates. There is always debate about what is the “normal” amount of credit sales and when will those sales dry up. Eventually, both the bulls and bears expect other auto makers to sell their own EVs, cutting off that source of revenue for Tesla.</p><p><blockquote>财报消化完毕后，多头和空头之间关于财报质量的争论应该会层出不穷。例如，特斯拉创造销售额的一种方式是出售监管积分——它通过生产超过其公平份额的电动汽车来获得这些积分。该公司第一季度信贷销售额为 5.18 亿美元，帮助特斯拉超出盈利预期。关于信用销售额的 “正常 ”数量以及这些销售额何时会枯竭，一直存在争议。最终，多头和空头都预计其他汽车制造商将出售自己的电动汽车，从而切断特斯拉的收入来源。</blockquote></p><p> There is also the issue&nbsp;of Bitcoin. Tesla recognized a small gain on its Bitcoin holdings in the first quarter, but the cryptocurrency’s prices have fallen by roughly half since their April peak. That means there is a chance of a small loss. How investors react is anyone’s guess, but don’t expect Tesla to sell out of its Bitcoin position. Musk continues to indicate his company will transact in the cryptocurrency when Bitcoin mining uses more sustainable power.</p><p><blockquote>还有比特币的问题。特斯拉承认其持有的比特币在第一季度略有增加，但这种加密货币的价格自 4 月份的峰值以来已经下跌了大约一半。这意味着有可能出现小幅亏损。投资者的反应谁也说不准，但不要指望特斯拉会抛售其比特币头寸。马斯克继续表示，当比特币矿业使用更可持续的电力时，他的公司将以加密货币进行交易。</blockquote></p><p> Investors will also want to know when Tesla’s new Germany plant and Austin, Texas facility will start delivering cars. The Austin plant will build Tesla’s&nbsp;Cybertruck. There will also likely be questions about advances in Tesla’s driver-assistance functions—the company recently started selling its driver-assistance software&nbsp;as a subscription—and how much money the company could make from its charging network. Musk tweeted this week Tesla would open its&nbsp;charging network&nbsp;to other EVs down the road.</p><p><blockquote>投资者还想知道特斯拉在德国的新工厂和德克萨斯州奥斯汀的工厂何时开始交付汽车。奥斯汀工厂将生产特斯拉的 Cybertruck。特斯拉驾驶辅助功能的进步--该公司最近开始以订阅的形式销售其驾驶辅助软件--以及该公司能从其充电网络中赚多少钱，也可能会有人质疑。马斯克本周在推特上表示，特斯拉将向未来的其他电动汽车开放其充电网络。</blockquote></p><p> All those topics and more should come up on the earningsconference callscheduled for 5:30 p.m. ET on Monday. Year to date, Tesla stock is down roughly 9%, trailing behind comparable 17% and 15% respective gains of theS&amp;P 500andDow Jones Industrial Average.Still, Tesla shares have had a strong run, up about 112% over the past 12 months.</p><p><blockquote>所有这些话题以及更多话题都应该在定于下午 5:30 举行的财报电话会议上提出。美国东部时间周一。今年迄今为止，特斯拉股价已下跌约 9%，落后于标准普尔 500 指数和道琼斯工业平均指数分别 17% 和 15% 的可比涨幅。尽管如此，特斯拉股价仍表现强劲，过去 12 个月上涨了约 112%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-stock-earnings-preview-51627061822?mod=hp_DAY_Theme_2_1\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-earnings-preview-51627061822?mod=hp_DAY_Theme_2_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191636755","content_text":"Tesla’s second-quarter earnings are just around the corner, and investors should gear up for a likely very complicated report.\nThere are a lot of moving parts, even more than usual for the world’s most valuable car company and its iconoclast CEO Elon Musk. Figuring out if the stock will go up or down, however, shouldn’t be all that difficult.\nThe EV pioneer will report after the close of trading on Monday,July 26. Wall Street is looking for Tesla to report about 94 cents in per-share earnings from $11.5 billion in sales, according to FactSet. Beating analyst estimates is important, almost required, for any stock to remain stable in post-earnings trading. That’s true for Tesla as well.\nThere are plenty of factors that will contribute to bottom-line earnings—the global semiconductor shortage,vehicle pricing, vehicle gross profit margins, and the level of profitability in Tesla’s battery storage business. In the end, however, investors will want to see a record in operating profits—no matter how it happens. That’s what could break shares out of their recent range.\n\nTesla reported more than $800 million in operating profits in the 2020 third quarter, and the stock more than doubled to around $860 in the three-month span that followed. But since operating profit growth largely paused in the subsequent quarters, shares have traded down from roughly $860 to around $640 recently. Profit stagnation has meant stock stagnation, too.\nThe good news for Tesla bulls is Wall Street is projecting a fresh record: Operating profit is expected to be $835 million for the second quarter, driven by strong deliveries. The 2021 second quarter marked the first time Tesla delivered more than 200,000 vehicles in a single quarter.\nAfter earnings are digested, there should be endless arguments among bulls and bears about the quality of earnings. For instance, one way Tesla generates sales is by selling regulatory credits—which it earns by producing more than its fair share of electric vehicles. The company generated $518 million in first-quarter credit sales, which helped Tesla beat earnings estimates. There is always debate about what is the “normal” amount of credit sales and when will those sales dry up. Eventually, both the bulls and bears expect other auto makers to sell their own EVs, cutting off that source of revenue for Tesla.\nThere is also the issue of Bitcoin. Tesla recognized a small gain on its Bitcoin holdings in the first quarter, but the cryptocurrency’s prices have fallen by roughly half since their April peak. That means there is a chance of a small loss. How investors react is anyone’s guess, but don’t expect Tesla to sell out of its Bitcoin position. Musk continues to indicate his company will transact in the cryptocurrency when Bitcoin mining uses more sustainable power.\nInvestors will also want to know when Tesla’s new Germany plant and Austin, Texas facility will start delivering cars. The Austin plant will build Tesla’s Cybertruck. There will also likely be questions about advances in Tesla’s driver-assistance functions—the company recently started selling its driver-assistance software as a subscription—and how much money the company could make from its charging network. Musk tweeted this week Tesla would open its charging network to other EVs down the road.\nAll those topics and more should come up on the earningsconference callscheduled for 5:30 p.m. ET on Monday. Year to date, Tesla stock is down roughly 9%, trailing behind comparable 17% and 15% respective gains of theS&P 500andDow Jones Industrial Average.Still, Tesla shares have had a strong run, up about 112% over the past 12 months.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354696795,"gmtCreate":1617164459217,"gmtModify":1634522312415,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3565687171198207","idStr":"3565687171198207"},"themes":[],"title":"","htmlText":"Like if u long any of them!","listText":"Like if u long any of them!","text":"Like if u long any of them!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/354696795","repostId":"1154884109","repostType":4,"isVote":1,"tweetType":1,"viewCount":586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}