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Exodus991980

Exodus991980

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2021-12-13

Cool

@bluefun:台积电生意烧🔥起来 liao

2021-08-23

Cool

Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>

2021-08-23

Cool

Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>

2021-08-23

Cool

Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>

2021-08-23

Cool

Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>

2021-08-23

Cool

Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>

2021-08-14

Cool

Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting<blockquote>特斯拉寻求缩短董事会成员任期，并在 10 月股东大会上做出其他改变</blockquote>

2021-07-13

$Apple(AAPL)$Cool

2021-07-05

Cool

抱歉，原内容已删除

2021-07-03

Cool

The Jobs Report Was Strong. Why Investors Should Be Skeptical.<blockquote>就业报告强劲。为什么投资者应该持怀疑态度。</blockquote>

2021-07-02

Cool

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2021-06-25

Cool

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2021-06-22

Cool

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2021-06-18

Cool

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2021-06-13

Cool

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2021-06-11

Cool

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2021-06-10

Cool

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2021-06-10

Cool

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2021-06-10

Cool

Goldman Explains Why The Economy Won't Overheat, No Matter What Today's CPI Shows<blockquote>高盛解释为什么无论今天的 CPI 显示什么，经济都不会过热</blockquote>

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Q421 台积电的营收趋势都是稳定向上👆","listText":"半导体芯片制造龙头老大，台湾护国神山台积电 <a target=\"_blank\" href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a> 11月份的营收不出意外呈现“跳高”的趋势，把先休息后发力的气质发挥到极致 🤩🤩🤩 📍营收变化： YoY 年增率： +18.7% 📈 MoM 月增率： +10.2% 📈 随着电子产品缺料现象逐渐获得缓解，11月份芯片出货量持续畅旺，摆脱10月份低迷不振的局面，创下台积电历史第3 高营收 ⚠️ 最大原因导致台积电10 月份的营收大减是因为“零组件短缺现象严重 component shortages”。 ✅ 5 大营收排行榜(In TWD)： 1️⃣ Sep21 - 152.7b 🛑 2️⃣ Jun21 - 148.5b 🛑 3️⃣ Nov21 - 148.3b 4️⃣ Aug21 - 137.4b 5️⃣ Oct21 - 134.5b 5nm 先进制程工艺技术目前已经是台积电的主力，非常广泛用在高阶芯片如： 🔍 高端智能手机 Smartphones 🔍 高效能运算 High Performance Computing 因半导体芯片需求强劲，订单满手，产能持续吃紧到2022年，相信台积电12月份的营收多半可以刷出历史新高，以达到在 Q321 业绩公布时所提供的Q421 营收指引(Guidance)。 🅾️ Q421 营收指引 Guidance：439.6b in TWD 🅾️ Q421 真实营收Actual(In TWD)： ❇️ Oct21 - 134.5b ❇️ Nov21 - 148.3b ❇️ Dec21 - 156.8b(预测) 从我们团队精心做的图就可以看见，Q221, Q321 &amp; Q421 台积电的营收趋势都是稳定向上👆","text":"半导体芯片制造龙头老大，台湾护国神山台积电 $Taiwan Semiconductor Manufacturing(TSM)$ 11月份的营收不出意外呈现“跳高”的趋势，把先休息后发力的气质发挥到极致 🤩🤩🤩 📍营收变化： YoY 年增率： +18.7% 📈 MoM 月增率： +10.2% 📈 随着电子产品缺料现象逐渐获得缓解，11月份芯片出货量持续畅旺，摆脱10月份低迷不振的局面，创下台积电历史第3 高营收 ⚠️ 最大原因导致台积电10 月份的营收大减是因为“零组件短缺现象严重 component shortages”。 ✅ 5 大营收排行榜(In TWD)： 1️⃣ Sep21 - 152.7b 🛑 2️⃣ Jun21 - 148.5b 🛑 3️⃣ Nov21 - 148.3b 4️⃣ Aug21 - 137.4b 5️⃣ Oct21 - 134.5b 5nm 先进制程工艺技术目前已经是台积电的主力，非常广泛用在高阶芯片如： 🔍 高端智能手机 Smartphones 🔍 高效能运算 High Performance Computing 因半导体芯片需求强劲，订单满手，产能持续吃紧到2022年，相信台积电12月份的营收多半可以刷出历史新高，以达到在 Q321 业绩公布时所提供的Q421 营收指引(Guidance)。 🅾️ Q421 营收指引 Guidance：439.6b in TWD 🅾️ Q421 真实营收Actual(In TWD)： ❇️ Oct21 - 134.5b ❇️ Nov21 - 148.3b ❇️ Dec21 - 156.8b(预测) 从我们团队精心做的图就可以看见，Q221, Q321 & Q421 台积电的营收趋势都是稳定向上👆","images":[{"img":"https://static.tigerbbs.com/5a7a654a743e57b0102ff5d3477c0893","width":"2560","height":"1440"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605149133","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":835031906,"gmtCreate":1629680545105,"gmtModify":1631890394032,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/835031906","repostId":"1176431153","repostType":4,"repost":{"id":"1176431153","kind":"news","pubTimestamp":1629604617,"share":"https://www.laohunote.com/m/news/1176431153?lang=zh_CN&edition=full","pubTime":"2021-08-22 11:56","market":"us","language":"en","title":"Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176431153","media":"Barron's","summary":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and ","content":"<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>","source":"lsy1610680873436","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>Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</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\">\nBuffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-22 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y\">Barron's</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://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176431153","content_text":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.\nBerkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.\nThere were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.\nAs for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.\nAnd it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&P 500index’s total return of about 20%.\nLast WeekPre-Tantrum\nStock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.\nShop Till They Drop\nRetailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)\nCalling All Hackers\nShares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.\nPassing the Baton\nJohnson & Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.\nAnnals of Deal Making\nGene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black & Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832483508,"gmtCreate":1629674860404,"gmtModify":1631890394035,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/832483508","repostId":"1176431153","repostType":4,"repost":{"id":"1176431153","kind":"news","pubTimestamp":1629604617,"share":"https://www.laohunote.com/m/news/1176431153?lang=zh_CN&edition=full","pubTime":"2021-08-22 11:56","market":"us","language":"en","title":"Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176431153","media":"Barron's","summary":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and ","content":"<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>","source":"lsy1610680873436","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>Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</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\">\nBuffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-22 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y\">Barron's</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://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176431153","content_text":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.\nBerkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.\nThere were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.\nAs for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.\nAnd it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&P 500index’s total return of about 20%.\nLast WeekPre-Tantrum\nStock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.\nShop Till They Drop\nRetailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)\nCalling All Hackers\nShares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.\nPassing the Baton\nJohnson & Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.\nAnnals of Deal Making\nGene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black & Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832498846,"gmtCreate":1629674009285,"gmtModify":1631890394041,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/832498846","repostId":"1176431153","repostType":4,"repost":{"id":"1176431153","kind":"news","pubTimestamp":1629604617,"share":"https://www.laohunote.com/m/news/1176431153?lang=zh_CN&edition=full","pubTime":"2021-08-22 11:56","market":"us","language":"en","title":"Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176431153","media":"Barron's","summary":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and ","content":"<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>","source":"lsy1610680873436","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>Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</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\">\nBuffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-22 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y\">Barron's</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://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176431153","content_text":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.\nBerkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.\nThere were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.\nAs for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.\nAnd it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&P 500index’s total return of about 20%.\nLast WeekPre-Tantrum\nStock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.\nShop Till They Drop\nRetailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)\nCalling All Hackers\nShares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.\nPassing the Baton\nJohnson & Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.\nAnnals of Deal Making\nGene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black & Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832491423,"gmtCreate":1629673981462,"gmtModify":1631890394043,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/832491423","repostId":"1176431153","repostType":4,"repost":{"id":"1176431153","kind":"news","pubTimestamp":1629604617,"share":"https://www.laohunote.com/m/news/1176431153?lang=zh_CN&edition=full","pubTime":"2021-08-22 11:56","market":"us","language":"en","title":"Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176431153","media":"Barron's","summary":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and ","content":"<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>","source":"lsy1610680873436","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>Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</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\">\nBuffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-22 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y\">Barron's</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://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176431153","content_text":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.\nBerkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.\nThere were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.\nAs for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.\nAnd it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&P 500index’s total return of about 20%.\nLast WeekPre-Tantrum\nStock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.\nShop Till They Drop\nRetailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)\nCalling All Hackers\nShares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.\nPassing the Baton\nJohnson & Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.\nAnnals of Deal Making\nGene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black & Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832491104,"gmtCreate":1629673960408,"gmtModify":1631890394045,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/832491104","repostId":"1176431153","repostType":4,"repost":{"id":"1176431153","kind":"news","pubTimestamp":1629604617,"share":"https://www.laohunote.com/m/news/1176431153?lang=zh_CN&edition=full","pubTime":"2021-08-22 11:56","market":"us","language":"en","title":"Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176431153","media":"Barron's","summary":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and ","content":"<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>","source":"lsy1610680873436","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>Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</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\">\nBuffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-22 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y\">Barron's</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://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176431153","content_text":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.\nBerkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.\nThere were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.\nAs for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.\nAnd it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&P 500index’s total return of about 20%.\nLast WeekPre-Tantrum\nStock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.\nShop Till They Drop\nRetailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)\nCalling All Hackers\nShares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.\nPassing the Baton\nJohnson & Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.\nAnnals of Deal Making\nGene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black & Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897674249,"gmtCreate":1628917770181,"gmtModify":1631890394047,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/897674249","repostId":"2159321505","repostType":4,"repost":{"id":"2159321505","kind":"highlight","pubTimestamp":1628911811,"share":"https://www.laohunote.com/m/news/2159321505?lang=zh_CN&edition=full","pubTime":"2021-08-14 11:30","market":"us","language":"en","title":"Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting<blockquote>特斯拉寻求缩短董事会成员任期，并在 10 月股东大会上做出其他改变</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2159321505","media":"MarketWatch","summary":"Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. ","content":"<p>Board members would serve for two years rather than three</p><p><blockquote>董事会成员任期两年，而不是三年</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abc701f141f0c0044cabe912e510fe2e\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Tesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>特斯拉首席执行官埃隆·马斯克去年在德国。MAJA HITIJ/盖蒂图片社</span></p></blockquote></p><p> Tesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.</p><p><blockquote>特斯拉公司在周五晚些时候提交的文件中表示，该公司将于 10 月 7 日在加利福尼亚州弗里蒙特工厂召开股东大会，在这家电动汽车制造商将提出的提案中，看涨期权是减少董事任期。</blockquote></p><p> One of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s&nbsp;board currently has nine members who are divided into three classes in staggered three-year terms.</p><p><blockquote>其中一项提案是将每位董事的任期从三年缩短至两年。特斯拉董事会目前有九名成员，分为三个班级，交错任期三年。</blockquote></p><p> If the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the&nbsp;filing.</p><p><blockquote>然而，特斯拉在文件中表示，如果该提案获得批准，董事会将分为两个阶层，任期交错为两年，董事在两个阶层之间尽可能平均分配。</blockquote></p><p> The board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.</p><p><blockquote>自 2007 年以来一直在特斯拉董事会任职的风险投资家 Antonio Gracias 在 2019 年表示，他将在今年任期结束时不再寻求连任，因此董事会成员将减少到八人。</blockquote></p><p> Tesla’s board nominated current board members James Murdoch, the youngest son of News Corp&nbsp;founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.</p><p><blockquote>特斯拉董事会提名新闻集团创始人默多克的小儿子詹姆斯-默多克（James Murdoch）和首席执行官马斯克（Elon Musk）的弟弟金巴尔-马斯克（Kimbal Musk）连任二级董事，任期将于 2024 年届满。该公司表示，如果缩短任期获得批准，那么他们的任期将于 2023 年结束。</blockquote></p><p> Tesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.</p><p><blockquote>特斯拉缩短董事会成员任期是对股东提案的回应，该提案要求选举每位董事会成员一年。</blockquote></p><p> The two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.</p><p><blockquote>特斯拉说，不过，两年的任期 “在公司的长期利益和此时对股东的短期责任之间取得了适当的平衡”。</blockquote></p><p> Tesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&amp;P 500 index.</p><p><blockquote>特斯拉股价在常规交易日结束时下跌 0.7%，在盘后交易中持平。该股今年上涨了 1.6%，而标普500指数的涨幅约为 19%。</blockquote></p><p></p>","source":"lsy1603348471595","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 seeks to reduce board members’ terms, make other changes in October shareholder meeting<blockquote>特斯拉寻求缩短董事会成员任期，并在 10 月股东大会上做出其他改变</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 seeks to reduce board members’ terms, make other changes in October shareholder meeting<blockquote>特斯拉寻求缩短董事会成员任期，并在 10 月股东大会上做出其他改变</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-14 11:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Board members would serve for two years rather than three</p><p><blockquote>董事会成员任期两年，而不是三年</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abc701f141f0c0044cabe912e510fe2e\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Tesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>特斯拉首席执行官埃隆·马斯克去年在德国。MAJA HITIJ/盖蒂图片社</span></p></blockquote></p><p> Tesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.</p><p><blockquote>特斯拉公司在周五晚些时候提交的文件中表示，该公司将于 10 月 7 日在加利福尼亚州弗里蒙特工厂召开股东大会，在这家电动汽车制造商将提出的提案中，看涨期权是减少董事任期。</blockquote></p><p> One of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s&nbsp;board currently has nine members who are divided into three classes in staggered three-year terms.</p><p><blockquote>其中一项提案是将每位董事的任期从三年缩短至两年。特斯拉董事会目前有九名成员，分为三个班级，交错任期三年。</blockquote></p><p> If the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the&nbsp;filing.</p><p><blockquote>然而，特斯拉在文件中表示，如果该提案获得批准，董事会将分为两个阶层，任期交错为两年，董事在两个阶层之间尽可能平均分配。</blockquote></p><p> The board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.</p><p><blockquote>自 2007 年以来一直在特斯拉董事会任职的风险投资家 Antonio Gracias 在 2019 年表示，他将在今年任期结束时不再寻求连任，因此董事会成员将减少到八人。</blockquote></p><p> Tesla’s board nominated current board members James Murdoch, the youngest son of News Corp&nbsp;founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.</p><p><blockquote>特斯拉董事会提名新闻集团创始人默多克的小儿子詹姆斯-默多克（James Murdoch）和首席执行官马斯克（Elon Musk）的弟弟金巴尔-马斯克（Kimbal Musk）连任二级董事，任期将于 2024 年届满。该公司表示，如果缩短任期获得批准，那么他们的任期将于 2023 年结束。</blockquote></p><p> Tesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.</p><p><blockquote>特斯拉缩短董事会成员任期是对股东提案的回应，该提案要求选举每位董事会成员一年。</blockquote></p><p> The two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.</p><p><blockquote>特斯拉说，不过，两年的任期 “在公司的长期利益和此时对股东的短期责任之间取得了适当的平衡”。</blockquote></p><p> Tesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&amp;P 500 index.</p><p><blockquote>特斯拉股价在常规交易日结束时下跌 0.7%，在盘后交易中持平。该股今年上涨了 1.6%，而标普500指数的涨幅约为 19%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click\">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":{"TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159321505","content_text":"Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES\nTesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.\nOne of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s board currently has nine members who are divided into three classes in staggered three-year terms.\nIf the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the filing.\nThe board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.\nTesla’s board nominated current board members James Murdoch, the youngest son of News Corp founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.\nTesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.\nThe two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.\nTesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&P 500 index.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142128504,"gmtCreate":1626137519508,"gmtModify":1631890394049,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Cool","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Cool","text":"$Apple(AAPL)$Cool","images":[{"img":"https://static.tigerbbs.com/f97f588a5adae05bb191b93824b01acd","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/142128504","isVote":1,"tweetType":1,"viewCount":2547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":155221328,"gmtCreate":1625441338064,"gmtModify":1631890394053,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/155221328","repostId":"1169840279","repostType":4,"isVote":1,"tweetType":1,"viewCount":2097,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152530940,"gmtCreate":1625308005180,"gmtModify":1631890394055,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/152530940","repostId":"1197906560","repostType":4,"repost":{"id":"1197906560","kind":"news","pubTimestamp":1625285328,"share":"https://www.laohunote.com/m/news/1197906560?lang=zh_CN&edition=full","pubTime":"2021-07-03 12:08","market":"us","language":"en","title":"The Jobs Report Was Strong. Why Investors Should Be Skeptical.<blockquote>就业报告强劲。为什么投资者应该持怀疑态度。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197906560","media":"Barron's","summary":"On its face, the June jobs report looksalmost perfect. After months of disappointments, hiring beat ","content":"<p>On its face, the June jobs report looksalmost perfect. After months of disappointments, hiring beat Wall Street’s expectations—with wages rising, but at a cooler pace than the lofty levels of spring.</p><p><blockquote>从表面上看，6 月份的就业报告看起来近乎完美。在经历了几个月的失望之后，招聘超出了华尔街的预期--工资有所上涨，但增长速度低于春季的高位。</blockquote></p><p> One might be tempted to declare the labor shortage over and the inflation debate done. But investors shouldn’t take the bait just yet. While a nonfarm payroll increase of 850,000 is undeniably strong, it belies a labor market still plagued with supply problems.</p><p><blockquote>人们可能会倾向于宣布劳动力短缺已经结束，通货膨胀辩论已经结束。但投资者现在还不应该上钩。虽然非农就业人数增加了85万人，这无疑是强劲的，但这掩盖了劳动力市场仍然受到供应问题的困扰。</blockquote></p><p> First, consider that government hiring rose 193,000 last month. That accounts for the entire headline overshoot versus economists’ expectations. Company payrolls increased 662,000, which would be incredible for normal times. Yet it was still far off the one million mark that economists had anticipated by this point in the recovery, as the economy bursts open and vaccinated consumers spend the trillions of dollars in cash stashed during the pandemic.</p><p><blockquote>首先，考虑一下上个月政府招聘增加了19.3万人。这就是整个标题超出经济学家预期的原因。公司就业人数增加了66.2万人，这在正常情况下是不可思议的。然而，随着经济突然开放，接种疫苗的消费者花掉了疫情期间囤积的数万亿美元现金，经济学家在复苏的这一点上预计的100万美元大关仍然相去甚远。</blockquote></p><p> What’s more, private payrolls came in well short of the one million implied by closely watched data from employee-scheduling company Homebase, says Ian Shepherdson of Pantheon Macroeconomics.</p><p><blockquote>Pantheon Macroeconomics 的伊恩-谢泼德森（Ian Shepherdson）说，更重要的是，私人就业人数远低于员工调度公司 Homebase 受到密切关注的数据所暗示的 100 万。</blockquote></p><p> Second, labor-force participation was flat in June despite better hiring. That rate, 61.6%, is still down 1.7 percentage points from its prepandemic level. The employment-population ratio, which Federal Reserve officials have said they are watching, was also unchanged in June; at 58%, it remains 3.1 percentage points below its prepandemic level.</p><p><blockquote>其次，尽管招聘情况有所改善，但 6 月份劳动力参与率持平。这一比率为61.6%，仍比大流行前的水平下降了1.7个百分点。美联储官员表示正在关注的就业与人口比率在6月份也没有变化；为 58%，仍比疫情前水平低 3.1 个百分点。</blockquote></p><p> Third, the slowdown in wage growth is deceiving. The 0.3% increase from May looks like a Goldilocks print—enough to drive continued spending without fueling inflation fears that have been building as shortages from labor to chips to food push prices broadly higher.</p><p><blockquote>第三，工资增长放缓具有欺骗性。与 5 月份相比 0.3% 的增长看起来就像金发姑娘的指纹——足以推动持续支出，而不会加剧通胀担忧，这种担忧一直在加剧，因为从劳动力到芯片到食品的短缺推高了价格。</blockquote></p><p> “If anything, this understates the true rate of underlying wage inflation,” says Jefferies chief economist Aneta Markowska of the June wage increase. After adjusting for the return of low-wage leisure, hospitality, and retail workers, average hourly earnings rose by 0.5% in June from May, she says. By that measure, they are up 4.5% from a year earlier. Over the past three months, overall wages are up an annualized 6% as companies chase workers, says Gad Levanon of the Conference Board.</p><p><blockquote>“杰富瑞首席经济学家阿内塔-马尔科夫斯卡（Aneta Markowska）在谈到 6 月份的工资增长时说：”如果说有什么不同的话，那就是这低估了潜在工资通胀率。她说，在调整了低工资休闲、酒店和零售工人的回归后，6月份平均时薪比5月份增长了0.5%。按照这一标准，它们比去年同期增长了 4.5%。世界大型企业联合会的加德·莱瓦农 (Gad Levanon) 表示，过去三个月，随着公司追逐员工，整体工资年化上涨了 6%。</blockquote></p><p> Further highlighting the fact that hiring is still being held back by supply, not demand: On an annualized basis this year, leisure and hospitality wages are up 12.3%, transportation and warehousing pay is up 8%, and retail wages are up 5.5%.</p><p><blockquote>这进一步凸显了招聘仍然受到供应而非需求的阻碍：今年按年化计算，休闲和酒店业工资增长了12.3%，运输和仓储业工资增长了8%，零售工资增长了5.5%。</blockquote></p><p> So, what’s an investor to make of the June jobs report? Nothing. Which is to say, the latest data do nothing to resolve the biggest questions facing the labor market.</p><p><blockquote>那么，投资者如何看待 6 月份的就业报告呢？没有。也就是说，最新数据对解决劳动力市场面临的最大问题毫无帮助。</blockquote></p><p> The degrees to which transitory factors—generous unemployment benefits, child-care issues, and Covid-19 concerns—are capping hiring and driving up wages won’t be clear for months. Schools need to reopen to resolve child-care issues holding back working parents, and enhanced unemployment pay needs to expire before it becomes clear the extent to which such benefits are keeping workers home.</p><p><blockquote>过渡性因素--慷慨的失业救济金、儿童保育问题和对 Covid-19 的担忧--在多大程度上限制了招聘和推高了工资，几个月后都不会明朗。学校需要重新开放，以解决阻碍工作父母的儿童保育问题，而且在明确这些福利在多大程度上让工人留在家里之前，提高的失业救济金需要到期。</blockquote></p><p> While about two dozen states either started cutting or are about to cut the extra $300 a week in unemployment insurance ahead of the federal program’s Sept. 6 expiration, Shepherdson notes that 70% of those unemployed won’t be affected by those early terminations. Because the June report does nothing to move the Fed’s needle, it shouldn’t stop the stock market from forging ahead.</p><p><blockquote>虽然在联邦计划于 9 月 6 日到期之前，约有二十几个州已经开始削减或即将削减每周额外的 300 美元失业保险，但谢泼德森指出，70% 的失业者不会受到提前终止的影响。由于 6 月份的报告对美联储没有任何帮助，因此它不应该阻止股市继续前行。</blockquote></p><p> At least for now. “You can’t be unhappy to see an 850,000 payroll print, but it’s nowhere near fast enough,” Shepherdson says, especially given labor demand as evidenced by myriad indicators, help-wanted signs, and company commentary. “The labor-supply problem may fix itself, but it may not,” he says. “The issue really is that we could end up with sustained wage inflation.” Policy makers, however, will punt until they have definitive data—and that won’t be until November.</p><p><blockquote>至少现在是这样。“谢泼德森说：”看到 85 万份工资单，你不会感到不高兴，但这还远远不够快，尤其是考虑到无数指标、求助标志和公司评论所证明的劳动力需求。“他说：”劳动力供应问题可能会自行解决，但也可能不会。“真正的问题是，我们最终可能会出现工资持续上涨”。然而，政策制定者将在获得明确数据之前搁置--而这要到 11 月才会。</blockquote></p><p> All of this means that data between now and the fall are noise. Many economists and investors are expecting the Fed to announce, at the annual Jackson Hole symposium next month, plans to taper its $120 billion in monthly asset purchases.</p><p><blockquote>所有这些都意味着现在和秋天之间的数据是噪音。许多经济学家和投资者预计美联储将在下个月的年度杰克逊霍尔研讨会上宣布，计划缩减每月 1200 亿美元的资产购买规模。</blockquote></p><p> Not so fast, Shepherdson says. “This isn’t as linear as markets would like, and it won’t be clear by Jackson Hole,” he says.</p><p><blockquote>谢泼德森说，没那么快。“他说：”这并不像市场希望的那样线性，杰克逊霍尔也不会明白这一点。</blockquote></p><p> If that’s right—that the Fed won’t have the data they want in time to lay out taper plans until later in the fall—an even longer period of ultraloose monetary policy might be in store. That is assuming there’s time for officials to telegraph plans well ahead of actually starting to withdraw support.</p><p><blockquote>如果这是真的--美联储要到秋季晚些时候才能及时获得他们想要的数据来制定缩减规模的计划--那么一段更长的超宽松货币政策可能正在酝酿之中。这是假设官员们在实际开始撤回支持之前就有时间传达计划。</blockquote></p><p></p><p> Therein lies the risk of tuning out the noise, or the employment data, between now and the fall. If the resumption of school and the end to enhanced unemployment benefits don’t bring workers back, it will become clear that structural issues are at play and wage inflation is thus more persistent. As Shepherdson puts it, there is a strong likelihood that the Fed has to raise interest rates in 2022 because there is a good chance people won’t come back into the labor force.</p><p><blockquote>从现在到秋季，存在着忽略噪音或就业数据的风险。如果复学和取消提高失业救济金不能让工人重返工作岗位，那么很明显，结构性问题正在发挥作用，因此工资上涨将更加持久。正如谢泼德森所说，美联储很有可能不得不在 2022 年加息，因为人们很有可能不会重返劳动力市场。</blockquote></p><p> Investors should continue to enjoythe stock market gains. But they should also be careful. Waiting for definitive data to show whether the labor shortage is more than transitory means policy makers might have to act sooner and faster than it would seem—especially if deceivingly balanced reports like June’s dot the next few months.</p><p><blockquote>投资者应继续享受股市涨幅。但他们也应该小心。等待明确数据显示劳动力短缺是否不仅仅是暂时的，这意味着政策制定者可能不得不比看起来更快、更快地采取行动--尤其是如果未来几个月出现像 6 月份这样具有欺骗性的平衡报告的话。</blockquote></p><p></p>","source":"lsy1610680873436","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>The Jobs Report Was Strong. Why Investors Should Be Skeptical.<blockquote>就业报告强劲。为什么投资者应该持怀疑态度。</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\">\nThe Jobs Report Was Strong. Why Investors Should Be Skeptical.<blockquote>就业报告强劲。为什么投资者应该持怀疑态度。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-07-03 12:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On its face, the June jobs report looksalmost perfect. After months of disappointments, hiring beat Wall Street’s expectations—with wages rising, but at a cooler pace than the lofty levels of spring.</p><p><blockquote>从表面上看，6 月份的就业报告看起来近乎完美。在经历了几个月的失望之后，招聘超出了华尔街的预期--工资有所上涨，但增长速度低于春季的高位。</blockquote></p><p> One might be tempted to declare the labor shortage over and the inflation debate done. But investors shouldn’t take the bait just yet. While a nonfarm payroll increase of 850,000 is undeniably strong, it belies a labor market still plagued with supply problems.</p><p><blockquote>人们可能会倾向于宣布劳动力短缺已经结束，通货膨胀辩论已经结束。但投资者现在还不应该上钩。虽然非农就业人数增加了85万人，这无疑是强劲的，但这掩盖了劳动力市场仍然受到供应问题的困扰。</blockquote></p><p> First, consider that government hiring rose 193,000 last month. That accounts for the entire headline overshoot versus economists’ expectations. Company payrolls increased 662,000, which would be incredible for normal times. Yet it was still far off the one million mark that economists had anticipated by this point in the recovery, as the economy bursts open and vaccinated consumers spend the trillions of dollars in cash stashed during the pandemic.</p><p><blockquote>首先，考虑一下上个月政府招聘增加了19.3万人。这就是整个标题超出经济学家预期的原因。公司就业人数增加了66.2万人，这在正常情况下是不可思议的。然而，随着经济突然开放，接种疫苗的消费者花掉了疫情期间囤积的数万亿美元现金，经济学家在复苏的这一点上预计的100万美元大关仍然相去甚远。</blockquote></p><p> What’s more, private payrolls came in well short of the one million implied by closely watched data from employee-scheduling company Homebase, says Ian Shepherdson of Pantheon Macroeconomics.</p><p><blockquote>Pantheon Macroeconomics 的伊恩-谢泼德森（Ian Shepherdson）说，更重要的是，私人就业人数远低于员工调度公司 Homebase 受到密切关注的数据所暗示的 100 万。</blockquote></p><p> Second, labor-force participation was flat in June despite better hiring. That rate, 61.6%, is still down 1.7 percentage points from its prepandemic level. The employment-population ratio, which Federal Reserve officials have said they are watching, was also unchanged in June; at 58%, it remains 3.1 percentage points below its prepandemic level.</p><p><blockquote>其次，尽管招聘情况有所改善，但 6 月份劳动力参与率持平。这一比率为61.6%，仍比大流行前的水平下降了1.7个百分点。美联储官员表示正在关注的就业与人口比率在6月份也没有变化；为 58%，仍比疫情前水平低 3.1 个百分点。</blockquote></p><p> Third, the slowdown in wage growth is deceiving. The 0.3% increase from May looks like a Goldilocks print—enough to drive continued spending without fueling inflation fears that have been building as shortages from labor to chips to food push prices broadly higher.</p><p><blockquote>第三，工资增长放缓具有欺骗性。与 5 月份相比 0.3% 的增长看起来就像金发姑娘的指纹——足以推动持续支出，而不会加剧通胀担忧，这种担忧一直在加剧，因为从劳动力到芯片到食品的短缺推高了价格。</blockquote></p><p> “If anything, this understates the true rate of underlying wage inflation,” says Jefferies chief economist Aneta Markowska of the June wage increase. After adjusting for the return of low-wage leisure, hospitality, and retail workers, average hourly earnings rose by 0.5% in June from May, she says. By that measure, they are up 4.5% from a year earlier. Over the past three months, overall wages are up an annualized 6% as companies chase workers, says Gad Levanon of the Conference Board.</p><p><blockquote>“杰富瑞首席经济学家阿内塔-马尔科夫斯卡（Aneta Markowska）在谈到 6 月份的工资增长时说：”如果说有什么不同的话，那就是这低估了潜在工资通胀率。她说，在调整了低工资休闲、酒店和零售工人的回归后，6月份平均时薪比5月份增长了0.5%。按照这一标准，它们比去年同期增长了 4.5%。世界大型企业联合会的加德·莱瓦农 (Gad Levanon) 表示，过去三个月，随着公司追逐员工，整体工资年化上涨了 6%。</blockquote></p><p> Further highlighting the fact that hiring is still being held back by supply, not demand: On an annualized basis this year, leisure and hospitality wages are up 12.3%, transportation and warehousing pay is up 8%, and retail wages are up 5.5%.</p><p><blockquote>这进一步凸显了招聘仍然受到供应而非需求的阻碍：今年按年化计算，休闲和酒店业工资增长了12.3%，运输和仓储业工资增长了8%，零售工资增长了5.5%。</blockquote></p><p> So, what’s an investor to make of the June jobs report? Nothing. Which is to say, the latest data do nothing to resolve the biggest questions facing the labor market.</p><p><blockquote>那么，投资者如何看待 6 月份的就业报告呢？没有。也就是说，最新数据对解决劳动力市场面临的最大问题毫无帮助。</blockquote></p><p> The degrees to which transitory factors—generous unemployment benefits, child-care issues, and Covid-19 concerns—are capping hiring and driving up wages won’t be clear for months. Schools need to reopen to resolve child-care issues holding back working parents, and enhanced unemployment pay needs to expire before it becomes clear the extent to which such benefits are keeping workers home.</p><p><blockquote>过渡性因素--慷慨的失业救济金、儿童保育问题和对 Covid-19 的担忧--在多大程度上限制了招聘和推高了工资，几个月后都不会明朗。学校需要重新开放，以解决阻碍工作父母的儿童保育问题，而且在明确这些福利在多大程度上让工人留在家里之前，提高的失业救济金需要到期。</blockquote></p><p> While about two dozen states either started cutting or are about to cut the extra $300 a week in unemployment insurance ahead of the federal program’s Sept. 6 expiration, Shepherdson notes that 70% of those unemployed won’t be affected by those early terminations. Because the June report does nothing to move the Fed’s needle, it shouldn’t stop the stock market from forging ahead.</p><p><blockquote>虽然在联邦计划于 9 月 6 日到期之前，约有二十几个州已经开始削减或即将削减每周额外的 300 美元失业保险，但谢泼德森指出，70% 的失业者不会受到提前终止的影响。由于 6 月份的报告对美联储没有任何帮助，因此它不应该阻止股市继续前行。</blockquote></p><p> At least for now. “You can’t be unhappy to see an 850,000 payroll print, but it’s nowhere near fast enough,” Shepherdson says, especially given labor demand as evidenced by myriad indicators, help-wanted signs, and company commentary. “The labor-supply problem may fix itself, but it may not,” he says. “The issue really is that we could end up with sustained wage inflation.” Policy makers, however, will punt until they have definitive data—and that won’t be until November.</p><p><blockquote>至少现在是这样。“谢泼德森说：”看到 85 万份工资单，你不会感到不高兴，但这还远远不够快，尤其是考虑到无数指标、求助标志和公司评论所证明的劳动力需求。“他说：”劳动力供应问题可能会自行解决，但也可能不会。“真正的问题是，我们最终可能会出现工资持续上涨”。然而，政策制定者将在获得明确数据之前搁置--而这要到 11 月才会。</blockquote></p><p> All of this means that data between now and the fall are noise. Many economists and investors are expecting the Fed to announce, at the annual Jackson Hole symposium next month, plans to taper its $120 billion in monthly asset purchases.</p><p><blockquote>所有这些都意味着现在和秋天之间的数据是噪音。许多经济学家和投资者预计美联储将在下个月的年度杰克逊霍尔研讨会上宣布，计划缩减每月 1200 亿美元的资产购买规模。</blockquote></p><p> Not so fast, Shepherdson says. “This isn’t as linear as markets would like, and it won’t be clear by Jackson Hole,” he says.</p><p><blockquote>谢泼德森说，没那么快。“他说：”这并不像市场希望的那样线性，杰克逊霍尔也不会明白这一点。</blockquote></p><p> If that’s right—that the Fed won’t have the data they want in time to lay out taper plans until later in the fall—an even longer period of ultraloose monetary policy might be in store. That is assuming there’s time for officials to telegraph plans well ahead of actually starting to withdraw support.</p><p><blockquote>如果这是真的--美联储要到秋季晚些时候才能及时获得他们想要的数据来制定缩减规模的计划--那么一段更长的超宽松货币政策可能正在酝酿之中。这是假设官员们在实际开始撤回支持之前就有时间传达计划。</blockquote></p><p></p><p> Therein lies the risk of tuning out the noise, or the employment data, between now and the fall. If the resumption of school and the end to enhanced unemployment benefits don’t bring workers back, it will become clear that structural issues are at play and wage inflation is thus more persistent. As Shepherdson puts it, there is a strong likelihood that the Fed has to raise interest rates in 2022 because there is a good chance people won’t come back into the labor force.</p><p><blockquote>从现在到秋季，存在着忽略噪音或就业数据的风险。如果复学和取消提高失业救济金不能让工人重返工作岗位，那么很明显，结构性问题正在发挥作用，因此工资上涨将更加持久。正如谢泼德森所说，美联储很有可能不得不在 2022 年加息，因为人们很有可能不会重返劳动力市场。</blockquote></p><p> Investors should continue to enjoythe stock market gains. But they should also be careful. Waiting for definitive data to show whether the labor shortage is more than transitory means policy makers might have to act sooner and faster than it would seem—especially if deceivingly balanced reports like June’s dot the next few months.</p><p><blockquote>投资者应继续享受股市涨幅。但他们也应该小心。等待明确数据显示劳动力短缺是否不仅仅是暂时的，这意味着政策制定者可能不得不比看起来更快、更快地采取行动--尤其是如果未来几个月出现像 6 月份这样具有欺骗性的平衡报告的话。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/jobs-report-investors-should-be-skeptical-51625267210?mod=hp_LEAD_2\">Barron's</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":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/jobs-report-investors-should-be-skeptical-51625267210?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197906560","content_text":"On its face, the June jobs report looksalmost perfect. After months of disappointments, hiring beat Wall Street’s expectations—with wages rising, but at a cooler pace than the lofty levels of spring.\nOne might be tempted to declare the labor shortage over and the inflation debate done. But investors shouldn’t take the bait just yet. While a nonfarm payroll increase of 850,000 is undeniably strong, it belies a labor market still plagued with supply problems.\nFirst, consider that government hiring rose 193,000 last month. That accounts for the entire headline overshoot versus economists’ expectations. Company payrolls increased 662,000, which would be incredible for normal times. Yet it was still far off the one million mark that economists had anticipated by this point in the recovery, as the economy bursts open and vaccinated consumers spend the trillions of dollars in cash stashed during the pandemic.\nWhat’s more, private payrolls came in well short of the one million implied by closely watched data from employee-scheduling company Homebase, says Ian Shepherdson of Pantheon Macroeconomics.\nSecond, labor-force participation was flat in June despite better hiring. That rate, 61.6%, is still down 1.7 percentage points from its prepandemic level. The employment-population ratio, which Federal Reserve officials have said they are watching, was also unchanged in June; at 58%, it remains 3.1 percentage points below its prepandemic level.\nThird, the slowdown in wage growth is deceiving. The 0.3% increase from May looks like a Goldilocks print—enough to drive continued spending without fueling inflation fears that have been building as shortages from labor to chips to food push prices broadly higher.\n“If anything, this understates the true rate of underlying wage inflation,” says Jefferies chief economist Aneta Markowska of the June wage increase. After adjusting for the return of low-wage leisure, hospitality, and retail workers, average hourly earnings rose by 0.5% in June from May, she says. By that measure, they are up 4.5% from a year earlier. Over the past three months, overall wages are up an annualized 6% as companies chase workers, says Gad Levanon of the Conference Board.\nFurther highlighting the fact that hiring is still being held back by supply, not demand: On an annualized basis this year, leisure and hospitality wages are up 12.3%, transportation and warehousing pay is up 8%, and retail wages are up 5.5%.\nSo, what’s an investor to make of the June jobs report? Nothing. Which is to say, the latest data do nothing to resolve the biggest questions facing the labor market.\nThe degrees to which transitory factors—generous unemployment benefits, child-care issues, and Covid-19 concerns—are capping hiring and driving up wages won’t be clear for months. Schools need to reopen to resolve child-care issues holding back working parents, and enhanced unemployment pay needs to expire before it becomes clear the extent to which such benefits are keeping workers home.\nWhile about two dozen states either started cutting or are about to cut the extra $300 a week in unemployment insurance ahead of the federal program’s Sept. 6 expiration, Shepherdson notes that 70% of those unemployed won’t be affected by those early terminations. Because the June report does nothing to move the Fed’s needle, it shouldn’t stop the stock market from forging ahead.\nAt least for now. “You can’t be unhappy to see an 850,000 payroll print, but it’s nowhere near fast enough,” Shepherdson says, especially given labor demand as evidenced by myriad indicators, help-wanted signs, and company commentary. “The labor-supply problem may fix itself, but it may not,” he says. “The issue really is that we could end up with sustained wage inflation.” Policy makers, however, will punt until they have definitive data—and that won’t be until November.\nAll of this means that data between now and the fall are noise. Many economists and investors are expecting the Fed to announce, at the annual Jackson Hole symposium next month, plans to taper its $120 billion in monthly asset purchases.\nNot so fast, Shepherdson says. “This isn’t as linear as markets would like, and it won’t be clear by Jackson Hole,” he says.\nIf that’s right—that the Fed won’t have the data they want in time to lay out taper plans until later in the fall—an even longer period of ultraloose monetary policy might be in store. That is assuming there’s time for officials to telegraph plans well ahead of actually starting to withdraw support.\nTherein lies the risk of tuning out the noise, or the employment data, between now and the fall. If the resumption of school and the end to enhanced unemployment benefits don’t bring workers back, it will become clear that structural issues are at play and wage inflation is thus more persistent. As Shepherdson puts it, there is a strong likelihood that the Fed has to raise interest rates in 2022 because there is a good chance people won’t come back into the labor force.\nInvestors should continue to enjoythe stock market gains. But they should also be careful. Waiting for definitive data to show whether the labor shortage is more than transitory means policy makers might have to act sooner and faster than it would seem—especially if deceivingly balanced reports like June’s dot the next few months.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":3563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156047115,"gmtCreate":1625188240837,"gmtModify":1631890394060,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156047115","repostId":"2148382755","repostType":4,"isVote":1,"tweetType":1,"viewCount":807,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122601288,"gmtCreate":1624614286744,"gmtModify":1633950526554,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122601288","repostId":"2146402599","repostType":4,"isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120120525,"gmtCreate":1624316046967,"gmtModify":1634008072405,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120120525","repostId":"2145084835","repostType":4,"isVote":1,"tweetType":1,"viewCount":700,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168898536,"gmtCreate":1623970158425,"gmtModify":1634025179741,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168898536","repostId":"2144742672","repostType":4,"isVote":1,"tweetType":1,"viewCount":810,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182219800,"gmtCreate":1623576614600,"gmtModify":1634031476375,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/182219800","repostId":"2143788707","repostType":4,"isVote":1,"tweetType":1,"viewCount":734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183724489,"gmtCreate":1623362542141,"gmtModify":1634034293896,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/183724489","repostId":"1107871315","repostType":4,"isVote":1,"tweetType":1,"viewCount":722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183341478,"gmtCreate":1623311027294,"gmtModify":1634034704163,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"357216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15:35","market":"us","language":"en","title":"Goldman Explains Why The Economy Won't Overheat, No Matter What Today's CPI Shows<blockquote>高盛解释为什么无论今天的 CPI 显示什么，经济都不会过热</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127298356","media":"zerohedge","summary":"Yields on 10-year Treasuries dipped below 1.50% today for the first time since early March amid a fu","content":"<p>Yields on 10-year Treasuries dipped below 1.50% today for the first time since early March amid a furious shortsqueeze discussed earlier...</p><p><blockquote>由于早些时候讨论的疯狂挤空，10年期国债收益率今天自3月初以来首次跌破1.50%……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e87da5d75100fe75f0be86933791246f\" tg-width=\"500\" tg-height=\"422\" referrerpolicy=\"no-referrer\">... and as post-pandemic inflation concerns appear to be waning as quickly as they flared up.</p><p><blockquote>...随着大流行后的通胀担忧似乎像爆发一样迅速减弱。</blockquote></p><p> This is a point we first brought up last month when observing the collapse in China's credit impulse, arguably the most important variable for the entire global reflationary narrative (see \"China's Credit Impulse Just Turned Negative, Unleashing Global Deflationary Shockwave\")...</p><p><blockquote>这是我们上个月在观察中国信贷冲动崩溃时首次提出的一点，这可以说是整个全球再通胀叙事中最重要的变量（见“中国信贷冲动刚刚转负，引发全球通缩冲击波”）...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cfc3b4fc471bcf50ee51b9be637a3ed4\" tg-width=\"500\" tg-height=\"294\" referrerpolicy=\"no-referrer\">... and it's a point that Goldman's chief economist Jan Hatzius reiterated in a note published on Tuesday titled simply \"Why the Economy Won’t Overheat,” in which he argues - the same as the Fed - that the inflation we are seeing so far is likely to be temporary and prices will normalize again as we leg further away from unprecedented pandemic activity curtailments.</p><p><blockquote>...高盛首席经济学家扬-哈齐乌斯（Jan Hatzius）在周二发表的一份题为《为什么经济不会过热》的报告中重申了这一点，他在报告中与美联储一样认为，我们迄今为止看到的通胀很可能是暂时的，随着我们进一步摆脱前所未有的大流行病活动削减，价格将再次正常化。</blockquote></p><p> While we disagree - and so does Deutsche Bank,which sees nothing short of Weimar hyperinflationbeing unleashed by the Fed soon, something we first predicted in March 2009 as the ultimate endgame -&nbsp; it is interesting that today, at least, markets appear to be adopting this view judging by the collapse in 10Y nominal rates and the recent breach of the upward trendline in breakevens...</p><p><blockquote>虽然我们不同意——德意志银行也不同意，它认为美联储很快就会引发魏玛恶性通货膨胀，我们在 2009 年 3 月首次预测这是最终的结局——但有趣的是，至少在今天，市场似乎正在采纳这一观点从 10 年期名义利率的暴跌和最近盈亏平衡点突破上升趋势线的情况来看……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ef6de63c2434121178b1a7b351df6ee9\" tg-width=\"500\" tg-height=\"308\" referrerpolicy=\"no-referrer\">... this even as China's PPI printed at a Lehman Sept 2008 high of 9.0% overnight.</p><p><blockquote>...尽管中国的PPI一夜之间创下了2008年9月雷曼兄弟9.0%的新高。</blockquote></p><p> So what, according to Goldman is the reason for receding inflation fears? As Hatzius and strategist Chris Hussey explain, the past 2 payrolls reports have been underwhelming as the rush back to work \"is being slowed by generous stimulus as well as an inability — perhaps — to simply process so many new workers. On the one hand, fewer available workers should push up wages as companies compete to attract new workers. But a more orderly stream of employment in the post-pandemic recovery may also allow for a more extended reopening period and perhaps a bit less top-line pressure on prices.\"</p><p><blockquote>那么，高盛认为通胀担忧消退的原因是什么呢？正如 Hatzius 和策略师 Chris Hussey 所解释的那样，过去两份就业报告都令人失望，因为重返工作岗位的热潮 “由于慷慨的刺激措施以及可能无法简单地处理如此多的新工人，正在减缓重返工作岗位的速度。一方面，随着公司竞相吸引新工人，可用工人的减少应该会推高工资。但在大流行后的复苏中，更有序的就业流也可能会延长重新开放期，或许会减轻价格的顶线压力。”</blockquote></p><p> Another reason for receding inflation fears may also simply be time. According to Goldman, as Americans become more accustomed to getting back to their daily routines, the strangeness of such activity recedes. And it is perhaps easier for investors to envision what‘normal’ will look like.&nbsp; And perhaps that vision is collectively coalescing around a‘new normal’ that looks surprisingly similiar to the pre-pandemic ‘old normal’.</p><p><blockquote>通胀担忧消退的另一个原因可能也只是时间问题。根据高盛的说法，随着美国人越来越习惯于回到日常生活中，这种活动的陌生感逐渐消退。投资者或许更容易想象 “正常 ”会是什么样子。也许这种愿景正在围绕一个 “新常态 ”集体凝聚，这个 “新常态 ”看起来与大流行前的 “旧常态 ”惊人地相似。</blockquote></p><p> Hatzius then elaborates why the recent inflation pickup will remain transitory: \"On the wage side,<b>labor supply should increase dramatically over the next 3-6 months as fear of the virus diminishes further and the $300/week benefit top-up expires—over the next few weeks in most Republican-controlled states and on September 6 in the remaining states.\"</b></p><p><blockquote>哈齐乌斯随后阐述了为什么最近的通胀回升仍将是暂时的：“在工资方面，<b>随着对病毒的担忧进一步减轻，以及大多数共和党控制的州在未来几周内以及其余州于 9 月 6 日到期，未来 3-6 个月内，劳动力供应应该会大幅增加。”</b></blockquote></p><p> In other words, employers will likely hold out another 3 months until the end of emergency benefits expire at which point they expect a flood of workers to reverse the calculus in the labor market,<b>from one of no labor supply to a flood of supply.</b></p><p><blockquote>换句话说，雇主可能会再坚持3个月，直到紧急福利到期，届时他们预计大量工人将扭转劳动力市场的局面，<b>从没有劳动力供应到供应充足。</b></blockquote></p><p> On the price side, Goldman's trimmed core PCE—which excludes the 30% most extreme month-to-month price changes, and as a reminder the surge in inflation last month was largely driven by soaring used car prices and transportation services, or as Goldman puts it \"outliers\" — remains at just 1.56% year-on-year, half the standard core PCE rate.&nbsp; This gap illustrates the unprecedented role of outliers in the recent inflation pickup.</p><p><blockquote>在价格方面，高盛下调的核心个人消费支出（不包括30%最极端的环比价格变化）仍然仅为1.56%，提醒大家，上个月通胀飙升主要是由二手车价格和运输服务的飙升推动的，或者正如高盛所说的“异常值”。这一差距说明了异常值在最近的通胀回升中发挥了前所未有的作用。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3eaf58fed43ba69dc0224a4d192f457b\" tg-width=\"500\" tg-height=\"307\" referrerpolicy=\"no-referrer\">Ultimately, to Goldman, the biggest question in the overheating debate remains whether US output and employment will rise sharply above potential in the next few years. If the answer is yes, then inflation could indeed climb to undesirable levels on a more permanent basis. Predictably, Goldman's answer continues to be no, and here's why: \"Even though real GDP is nearly back to the pre-pandemic level, we still see significant slack in the economy based on the remaining jobs shortfall of nearly 8 million and the pandemic-driven productivity gain of 4.1% year-on-year in Q1. Moreover, we think sequential GDP growth has probably already peaked in monthly terms and will trend down from here as the fiscal impulse wanes, modestly at first and then more sharply in late 2021 and 2022.\"</p><p><blockquote>最终，对高盛来说，过热辩论中最大的问题仍然是美国产出和就业是否会在未来几年大幅超出潜力。如果答案是肯定的，那么通货膨胀确实可能会在更持久的基础上攀升到不理想的水平。可以预见的是，高盛的答案仍然是否定的，原因如下：“尽管实际 GDP 几乎恢复到大流行前的水平，但基于剩余近 800 万个就业岗位缺口和大流行驱动的第一季度生产率同比增长 4.1%。此外，我们认为环比 GDP 增长可能已经达到月度峰值，并将随着财政刺激的减弱而从现在开始呈下降趋势，起初是温和的，然后在 2021 年底和 2022 年变得更加急剧。”</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/5bbda3c1cc274419a5ecdfeea29dd30b\" tg-width=\"500\" tg-height=\"324\" referrerpolicy=\"no-referrer\">Here JPMorgan also chimes in and in a recent note from economist Dan Silver writes that as we prepare for the CPI print, it is worthwhile to consider the impacts of the removal of federal unemployment benefits and increasing hourly wages. In Silver's note, he illustrates the growth in job openings among low-income jobs.</p><p><blockquote>摩根大通也对此发表了看法，经济学家丹·西尔弗 (Dan Silver) 在最近的一份报告中写道，在我们准备 CPI 数据时，值得考虑取消联邦失业救济金和提高时薪的影响。在西尔弗的笔记中，他说明了低收入工作岗位空缺的增长。</blockquote></p><p> JPM then asks the right question: \"<b>will wage increases remain durable if business owners know that supply is coming back online?\"</b>A question we have asked previously, and the answer is a decisive not. To JPM, if the answer is indeed no, \"we see a quicker than expected deceleration in wage growth, spending, and CPI.\" Although, alternatively, it seems more likely that we will also see a surge in jobs taken and potentially another leg higher in absolute macro data.</p><p><blockquote>摩根大通随后提出了正确的问题：“<b>如果企业主知道供应正在恢复，工资增长还会持续吗？”</b>我们之前问过这个问题，答案是决定性的否定。对于摩根大通来说，如果答案确实是否定的，“我们看到工资增长、支出和 CPI 的放缓速度快于预期。”不过，另一方面，我们似乎更有可能看到就业岗位激增，并且绝对宏观数据可能会再次走高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dd33a3897ee720aefc640dc061344a18\" tg-width=\"500\" tg-height=\"332\" referrerpolicy=\"no-referrer\">With that in mind, what's next on the inflation catalyst front and what will today's critical CPI print show?&nbsp; Here, Goldman estimates a 0.50% increase in May core CPI (in line with consensus), which will boost the year-on-year rate by six tenths to 3.55%, up from 3.0% which however is largely impacted by the base effect collapse of last year. Goldman's monthly core inflation forecast<b>\"reflects reopening-driven strength in airfares, hotel prices, and recreation prices.\"</b>Additionally, Goldman expects strong monthly readings in used cars (+6%) and new cars (+0.5%), reflecting \"one-time\" supply chain disruptions and microchip shortages.</p><p><blockquote>考虑到这一点，通胀催化剂方面的下一步是什么？今天关键的 CPI 数据将显示什么？高盛预计 5 月份核心 CPI 将上涨 0.50%（与共识一致），这将使同比增长十分之六至 3.55%，高于 3.0%，但这在很大程度上受到去年基数效应崩溃的影响。高盛每月核心通胀预测<b>“反映了重新开放推动的机票、酒店价格和娱乐价格的强劲势头。”</b>此外，高盛预计二手车（+6%）和新车（+0.5%）的月度读数将强劲，反映出“一次性”供应链中断和微芯片短缺。</blockquote></p><p> And while the Fed is more concerned with PCE inflation rather than CPI, Goldman concludes that even though the inflation burst is transitory, \"<b>it will be interesting to see how markets react to a 3.5%+ inflation report in a monetary regime that presumably is focused on keeping inflation around 2%.\"</b></p><p><blockquote>尽管美联储更关心的是PCE通胀而不是CPI，但高盛的结论是，即使通胀爆发是暂时的，“<b>在一个可能专注于将通胀率保持在 2% 左右的货币体系中，市场对 3.5% 以上的通胀报告有何反应将会很有趣。”</b></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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it is interesting that today, at least, markets appear to be adopting this view judging by the collapse in 10Y nominal rates and the recent breach of the upward trendline in breakevens...</p><p><blockquote>虽然我们不同意——德意志银行也不同意，它认为美联储很快就会引发魏玛恶性通货膨胀，我们在 2009 年 3 月首次预测这是最终的结局——但有趣的是，至少在今天，市场似乎正在采纳这一观点从 10 年期名义利率的暴跌和最近盈亏平衡点突破上升趋势线的情况来看……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ef6de63c2434121178b1a7b351df6ee9\" tg-width=\"500\" tg-height=\"308\" referrerpolicy=\"no-referrer\">... this even as China's PPI printed at a Lehman Sept 2008 high of 9.0% overnight.</p><p><blockquote>...尽管中国的PPI一夜之间创下了2008年9月雷曼兄弟9.0%的新高。</blockquote></p><p> So what, according to Goldman is the reason for receding inflation fears? As Hatzius and strategist Chris Hussey explain, the past 2 payrolls reports have been underwhelming as the rush back to work \"is being slowed by generous stimulus as well as an inability — perhaps — to simply process so many new workers. On the one hand, fewer available workers should push up wages as companies compete to attract new workers. But a more orderly stream of employment in the post-pandemic recovery may also allow for a more extended reopening period and perhaps a bit less top-line pressure on prices.\"</p><p><blockquote>那么，高盛认为通胀担忧消退的原因是什么呢？正如 Hatzius 和策略师 Chris Hussey 所解释的那样，过去两份就业报告都令人失望，因为重返工作岗位的热潮 “由于慷慨的刺激措施以及可能无法简单地处理如此多的新工人，正在减缓重返工作岗位的速度。一方面，随着公司竞相吸引新工人，可用工人的减少应该会推高工资。但在大流行后的复苏中，更有序的就业流也可能会延长重新开放期，或许会减轻价格的顶线压力。”</blockquote></p><p> Another reason for receding inflation fears may also simply be time. According to Goldman, as Americans become more accustomed to getting back to their daily routines, the strangeness of such activity recedes. And it is perhaps easier for investors to envision what‘normal’ will look like.&nbsp; And perhaps that vision is collectively coalescing around a‘new normal’ that looks surprisingly similiar to the pre-pandemic ‘old normal’.</p><p><blockquote>通胀担忧消退的另一个原因可能也只是时间问题。根据高盛的说法，随着美国人越来越习惯于回到日常生活中，这种活动的陌生感逐渐消退。投资者或许更容易想象 “正常 ”会是什么样子。也许这种愿景正在围绕一个 “新常态 ”集体凝聚，这个 “新常态 ”看起来与大流行前的 “旧常态 ”惊人地相似。</blockquote></p><p> Hatzius then elaborates why the recent inflation pickup will remain transitory: \"On the wage side,<b>labor supply should increase dramatically over the next 3-6 months as fear of the virus diminishes further and the $300/week benefit top-up expires—over the next few weeks in most Republican-controlled states and on September 6 in the remaining states.\"</b></p><p><blockquote>哈齐乌斯随后阐述了为什么最近的通胀回升仍将是暂时的：“在工资方面，<b>随着对病毒的担忧进一步减轻，以及大多数共和党控制的州在未来几周内以及其余州于 9 月 6 日到期，未来 3-6 个月内，劳动力供应应该会大幅增加。”</b></blockquote></p><p> In other words, employers will likely hold out another 3 months until the end of emergency benefits expire at which point they expect a flood of workers to reverse the calculus in the labor market,<b>from one of no labor supply to a flood of supply.</b></p><p><blockquote>换句话说，雇主可能会再坚持3个月，直到紧急福利到期，届时他们预计大量工人将扭转劳动力市场的局面，<b>从没有劳动力供应到供应充足。</b></blockquote></p><p> On the price side, Goldman's trimmed core PCE—which excludes the 30% most extreme month-to-month price changes, and as a reminder the surge in inflation last month was largely driven by soaring used car prices and transportation services, or as Goldman puts it \"outliers\" — remains at just 1.56% year-on-year, half the standard core PCE rate.&nbsp; This gap illustrates the unprecedented role of outliers in the recent inflation pickup.</p><p><blockquote>在价格方面，高盛下调的核心个人消费支出（不包括30%最极端的环比价格变化）仍然仅为1.56%，提醒大家，上个月通胀飙升主要是由二手车价格和运输服务的飙升推动的，或者正如高盛所说的“异常值”。这一差距说明了异常值在最近的通胀回升中发挥了前所未有的作用。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3eaf58fed43ba69dc0224a4d192f457b\" tg-width=\"500\" tg-height=\"307\" referrerpolicy=\"no-referrer\">Ultimately, to Goldman, the biggest question in the overheating debate remains whether US output and employment will rise sharply above potential in the next few years. If the answer is yes, then inflation could indeed climb to undesirable levels on a more permanent basis. Predictably, Goldman's answer continues to be no, and here's why: \"Even though real GDP is nearly back to the pre-pandemic level, we still see significant slack in the economy based on the remaining jobs shortfall of nearly 8 million and the pandemic-driven productivity gain of 4.1% year-on-year in Q1. Moreover, we think sequential GDP growth has probably already peaked in monthly terms and will trend down from here as the fiscal impulse wanes, modestly at first and then more sharply in late 2021 and 2022.\"</p><p><blockquote>最终，对高盛来说，过热辩论中最大的问题仍然是美国产出和就业是否会在未来几年大幅超出潜力。如果答案是肯定的，那么通货膨胀确实可能会在更持久的基础上攀升到不理想的水平。可以预见的是，高盛的答案仍然是否定的，原因如下：“尽管实际 GDP 几乎恢复到大流行前的水平，但基于剩余近 800 万个就业岗位缺口和大流行驱动的第一季度生产率同比增长 4.1%。此外，我们认为环比 GDP 增长可能已经达到月度峰值，并将随着财政刺激的减弱而从现在开始呈下降趋势，起初是温和的，然后在 2021 年底和 2022 年变得更加急剧。”</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/5bbda3c1cc274419a5ecdfeea29dd30b\" tg-width=\"500\" tg-height=\"324\" referrerpolicy=\"no-referrer\">Here JPMorgan also chimes in and in a recent note from economist Dan Silver writes that as we prepare for the CPI print, it is worthwhile to consider the impacts of the removal of federal unemployment benefits and increasing hourly wages. In Silver's note, he illustrates the growth in job openings among low-income jobs.</p><p><blockquote>摩根大通也对此发表了看法，经济学家丹·西尔弗 (Dan Silver) 在最近的一份报告中写道，在我们准备 CPI 数据时，值得考虑取消联邦失业救济金和提高时薪的影响。在西尔弗的笔记中，他说明了低收入工作岗位空缺的增长。</blockquote></p><p> JPM then asks the right question: \"<b>will wage increases remain durable if business owners know that supply is coming back online?\"</b>A question we have asked previously, and the answer is a decisive not. To JPM, if the answer is indeed no, \"we see a quicker than expected deceleration in wage growth, spending, and CPI.\" Although, alternatively, it seems more likely that we will also see a surge in jobs taken and potentially another leg higher in absolute macro data.</p><p><blockquote>摩根大通随后提出了正确的问题：“<b>如果企业主知道供应正在恢复，工资增长还会持续吗？”</b>我们之前问过这个问题，答案是决定性的否定。对于摩根大通来说，如果答案确实是否定的，“我们看到工资增长、支出和 CPI 的放缓速度快于预期。”不过，另一方面，我们似乎更有可能看到就业岗位激增，并且绝对宏观数据可能会再次走高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dd33a3897ee720aefc640dc061344a18\" tg-width=\"500\" tg-height=\"332\" referrerpolicy=\"no-referrer\">With that in mind, what's next on the inflation catalyst front and what will today's critical CPI print show?&nbsp; Here, Goldman estimates a 0.50% increase in May core CPI (in line with consensus), which will boost the year-on-year rate by six tenths to 3.55%, up from 3.0% which however is largely impacted by the base effect collapse of last year. Goldman's monthly core inflation forecast<b>\"reflects reopening-driven strength in airfares, hotel prices, and recreation prices.\"</b>Additionally, Goldman expects strong monthly readings in used cars (+6%) and new cars (+0.5%), reflecting \"one-time\" supply chain disruptions and microchip shortages.</p><p><blockquote>考虑到这一点，通胀催化剂方面的下一步是什么？今天关键的 CPI 数据将显示什么？高盛预计 5 月份核心 CPI 将上涨 0.50%（与共识一致），这将使同比增长十分之六至 3.55%，高于 3.0%，但这在很大程度上受到去年基数效应崩溃的影响。高盛每月核心通胀预测<b>“反映了重新开放推动的机票、酒店价格和娱乐价格的强劲势头。”</b>此外，高盛预计二手车（+6%）和新车（+0.5%）的月度读数将强劲，反映出“一次性”供应链中断和微芯片短缺。</blockquote></p><p> And while the Fed is more concerned with PCE inflation rather than CPI, Goldman concludes that even though the inflation burst is transitory, \"<b>it will be interesting to see how markets react to a 3.5%+ inflation report in a monetary regime that presumably is focused on keeping inflation around 2%.\"</b></p><p><blockquote>尽管美联储更关心的是PCE通胀而不是CPI，但高盛的结论是，即使通胀爆发是暂时的，“<b>在一个可能专注于将通胀率保持在 2% 左右的货币体系中，市场对 3.5% 以上的通胀报告有何反应将会很有趣。”</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/goldman-explains-why-economy-wont-overheat-no-matter-what-tomorrows-cpi-shows?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/goldman-explains-why-economy-wont-overheat-no-matter-what-tomorrows-cpi-shows?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127298356","content_text":"Yields on 10-year Treasuries dipped below 1.50% today for the first time since early March amid a furious shortsqueeze discussed earlier...\n... and as post-pandemic inflation concerns appear to be waning as quickly as they flared up.\nThis is a point we first brought up last month when observing the collapse in China's credit impulse, arguably the most important variable for the entire global reflationary narrative (see \"China's Credit Impulse Just Turned Negative, Unleashing Global Deflationary Shockwave\")...\n... and it's a point that Goldman's chief economist Jan Hatzius reiterated in a note published on Tuesday titled simply \"Why the Economy Won’t Overheat,” in which he argues - the same as the Fed - that the inflation we are seeing so far is likely to be temporary and prices will normalize again as we leg further away from unprecedented pandemic activity curtailments.\nWhile we disagree - and so does Deutsche Bank,which sees nothing short of Weimar hyperinflationbeing unleashed by the Fed soon, something we first predicted in March 2009 as the ultimate endgame -  it is interesting that today, at least, markets appear to be adopting this view judging by the collapse in 10Y nominal rates and the recent breach of the upward trendline in breakevens...\n... this even as China's PPI printed at a Lehman Sept 2008 high of 9.0% overnight.\nSo what, according to Goldman is the reason for receding inflation fears? As Hatzius and strategist Chris Hussey explain, the past 2 payrolls reports have been underwhelming as the rush back to work \"is being slowed by generous stimulus as well as an inability — perhaps — to simply process so many new workers. On the one hand, fewer available workers should push up wages as companies compete to attract new workers. But a more orderly stream of employment in the post-pandemic recovery may also allow for a more extended reopening period and perhaps a bit less top-line pressure on prices.\"\nAnother reason for receding inflation fears may also simply be time. According to Goldman, as Americans become more accustomed to getting back to their daily routines, the strangeness of such activity recedes. And it is perhaps easier for investors to envision what‘normal’ will look like.  And perhaps that vision is collectively coalescing around a‘new normal’ that looks surprisingly similiar to the pre-pandemic ‘old normal’.\nHatzius then elaborates why the recent inflation pickup will remain transitory: \"On the wage side,labor supply should increase dramatically over the next 3-6 months as fear of the virus diminishes further and the $300/week benefit top-up expires—over the next few weeks in most Republican-controlled states and on September 6 in the remaining states.\"\nIn other words, employers will likely hold out another 3 months until the end of emergency benefits expire at which point they expect a flood of workers to reverse the calculus in the labor market,from one of no labor supply to a flood of supply.\nOn the price side, Goldman's trimmed core PCE—which excludes the 30% most extreme month-to-month price changes, and as a reminder the surge in inflation last month was largely driven by soaring used car prices and transportation services, or as Goldman puts it \"outliers\" — remains at just 1.56% year-on-year, half the standard core PCE rate.  This gap illustrates the unprecedented role of outliers in the recent inflation pickup.\nUltimately, to Goldman, the biggest question in the overheating debate remains whether US output and employment will rise sharply above potential in the next few years. If the answer is yes, then inflation could indeed climb to undesirable levels on a more permanent basis. Predictably, Goldman's answer continues to be no, and here's why: \"Even though real GDP is nearly back to the pre-pandemic level, we still see significant slack in the economy based on the remaining jobs shortfall of nearly 8 million and the pandemic-driven productivity gain of 4.1% year-on-year in Q1. Moreover, we think sequential GDP growth has probably already peaked in monthly terms and will trend down from here as the fiscal impulse wanes, modestly at first and then more sharply in late 2021 and 2022.\"\nHere JPMorgan also chimes in and in a recent note from economist Dan Silver writes that as we prepare for the CPI print, it is worthwhile to consider the impacts of the removal of federal unemployment benefits and increasing hourly wages. In Silver's note, he illustrates the growth in job openings among low-income jobs.\nJPM then asks the right question: \"will wage increases remain durable if business owners know that supply is coming back online?\"A question we have asked previously, and the answer is a decisive not. To JPM, if the answer is indeed no, \"we see a quicker than expected deceleration in wage growth, spending, and CPI.\" Although, alternatively, it seems more likely that we will also see a surge in jobs taken and potentially another leg higher in absolute macro data.\nWith that in mind, what's next on the inflation catalyst front and what will today's critical CPI print show?  Here, Goldman estimates a 0.50% increase in May core CPI (in line with consensus), which will boost the year-on-year rate by six tenths to 3.55%, up from 3.0% which however is largely impacted by the base effect collapse of last year. Goldman's monthly core inflation forecast\"reflects reopening-driven strength in airfares, hotel prices, and recreation prices.\"Additionally, Goldman expects strong monthly readings in used cars (+6%) and new cars (+0.5%), reflecting \"one-time\" supply chain disruptions and microchip shortages.\nAnd while the Fed is more concerned with PCE inflation rather than CPI, Goldman concludes that even though the inflation burst is transitory, \"it will be interesting to see how markets react to a 3.5%+ inflation report in a monetary regime that presumably is focused on keeping inflation around 2%.\"","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":806,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":897674249,"gmtCreate":1628917770181,"gmtModify":1631890394047,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/897674249","repostId":"2159321505","repostType":4,"repost":{"id":"2159321505","kind":"highlight","pubTimestamp":1628911811,"share":"https://www.laohunote.com/m/news/2159321505?lang=zh_CN&edition=full","pubTime":"2021-08-14 11:30","market":"us","language":"en","title":"Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting<blockquote>特斯拉寻求缩短董事会成员任期，并在 10 月股东大会上做出其他改变</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2159321505","media":"MarketWatch","summary":"Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. ","content":"<p>Board members would serve for two years rather than three</p><p><blockquote>董事会成员任期两年，而不是三年</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abc701f141f0c0044cabe912e510fe2e\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Tesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>特斯拉首席执行官埃隆·马斯克去年在德国。MAJA HITIJ/盖蒂图片社</span></p></blockquote></p><p> Tesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.</p><p><blockquote>特斯拉公司在周五晚些时候提交的文件中表示，该公司将于 10 月 7 日在加利福尼亚州弗里蒙特工厂召开股东大会，在这家电动汽车制造商将提出的提案中，看涨期权是减少董事任期。</blockquote></p><p> One of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s&nbsp;board currently has nine members who are divided into three classes in staggered three-year terms.</p><p><blockquote>其中一项提案是将每位董事的任期从三年缩短至两年。特斯拉董事会目前有九名成员，分为三个班级，交错任期三年。</blockquote></p><p> If the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the&nbsp;filing.</p><p><blockquote>然而，特斯拉在文件中表示，如果该提案获得批准，董事会将分为两个阶层，任期交错为两年，董事在两个阶层之间尽可能平均分配。</blockquote></p><p> The board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.</p><p><blockquote>自 2007 年以来一直在特斯拉董事会任职的风险投资家 Antonio Gracias 在 2019 年表示，他将在今年任期结束时不再寻求连任，因此董事会成员将减少到八人。</blockquote></p><p> Tesla’s board nominated current board members James Murdoch, the youngest son of News Corp&nbsp;founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.</p><p><blockquote>特斯拉董事会提名新闻集团创始人默多克的小儿子詹姆斯-默多克（James Murdoch）和首席执行官马斯克（Elon Musk）的弟弟金巴尔-马斯克（Kimbal Musk）连任二级董事，任期将于 2024 年届满。该公司表示，如果缩短任期获得批准，那么他们的任期将于 2023 年结束。</blockquote></p><p> Tesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.</p><p><blockquote>特斯拉缩短董事会成员任期是对股东提案的回应，该提案要求选举每位董事会成员一年。</blockquote></p><p> The two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.</p><p><blockquote>特斯拉说，不过，两年的任期 “在公司的长期利益和此时对股东的短期责任之间取得了适当的平衡”。</blockquote></p><p> Tesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&amp;P 500 index.</p><p><blockquote>特斯拉股价在常规交易日结束时下跌 0.7%，在盘后交易中持平。该股今年上涨了 1.6%，而标普500指数的涨幅约为 19%。</blockquote></p><p></p>","source":"lsy1603348471595","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 seeks to reduce board members’ terms, make other changes in October shareholder meeting<blockquote>特斯拉寻求缩短董事会成员任期，并在 10 月股东大会上做出其他改变</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 seeks to reduce board members’ terms, make other changes in October shareholder meeting<blockquote>特斯拉寻求缩短董事会成员任期，并在 10 月股东大会上做出其他改变</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-14 11:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Board members would serve for two years rather than three</p><p><blockquote>董事会成员任期两年，而不是三年</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abc701f141f0c0044cabe912e510fe2e\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Tesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>特斯拉首席执行官埃隆·马斯克去年在德国。MAJA HITIJ/盖蒂图片社</span></p></blockquote></p><p> Tesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.</p><p><blockquote>特斯拉公司在周五晚些时候提交的文件中表示，该公司将于 10 月 7 日在加利福尼亚州弗里蒙特工厂召开股东大会，在这家电动汽车制造商将提出的提案中，看涨期权是减少董事任期。</blockquote></p><p> One of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s&nbsp;board currently has nine members who are divided into three classes in staggered three-year terms.</p><p><blockquote>其中一项提案是将每位董事的任期从三年缩短至两年。特斯拉董事会目前有九名成员，分为三个班级，交错任期三年。</blockquote></p><p> If the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the&nbsp;filing.</p><p><blockquote>然而，特斯拉在文件中表示，如果该提案获得批准，董事会将分为两个阶层，任期交错为两年，董事在两个阶层之间尽可能平均分配。</blockquote></p><p> The board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.</p><p><blockquote>自 2007 年以来一直在特斯拉董事会任职的风险投资家 Antonio Gracias 在 2019 年表示，他将在今年任期结束时不再寻求连任，因此董事会成员将减少到八人。</blockquote></p><p> Tesla’s board nominated current board members James Murdoch, the youngest son of News Corp&nbsp;founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.</p><p><blockquote>特斯拉董事会提名新闻集团创始人默多克的小儿子詹姆斯-默多克（James Murdoch）和首席执行官马斯克（Elon Musk）的弟弟金巴尔-马斯克（Kimbal Musk）连任二级董事，任期将于 2024 年届满。该公司表示，如果缩短任期获得批准，那么他们的任期将于 2023 年结束。</blockquote></p><p> Tesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.</p><p><blockquote>特斯拉缩短董事会成员任期是对股东提案的回应，该提案要求选举每位董事会成员一年。</blockquote></p><p> The two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.</p><p><blockquote>特斯拉说，不过，两年的任期 “在公司的长期利益和此时对股东的短期责任之间取得了适当的平衡”。</blockquote></p><p> Tesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&amp;P 500 index.</p><p><blockquote>特斯拉股价在常规交易日结束时下跌 0.7%，在盘后交易中持平。该股今年上涨了 1.6%，而标普500指数的涨幅约为 19%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click\">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":{"TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159321505","content_text":"Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES\nTesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.\nOne of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s board currently has nine members who are divided into three classes in staggered three-year terms.\nIf the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the filing.\nThe board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.\nTesla’s board nominated current board members James Murdoch, the youngest son of News Corp founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.\nTesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.\nThe two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.\nTesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&P 500 index.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152530940,"gmtCreate":1625308005180,"gmtModify":1631890394055,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/152530940","repostId":"1197906560","repostType":4,"repost":{"id":"1197906560","kind":"news","pubTimestamp":1625285328,"share":"https://www.laohunote.com/m/news/1197906560?lang=zh_CN&edition=full","pubTime":"2021-07-03 12:08","market":"us","language":"en","title":"The Jobs Report Was Strong. Why Investors Should Be Skeptical.<blockquote>就业报告强劲。为什么投资者应该持怀疑态度。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197906560","media":"Barron's","summary":"On its face, the June jobs report looksalmost perfect. After months of disappointments, hiring beat ","content":"<p>On its face, the June jobs report looksalmost perfect. After months of disappointments, hiring beat Wall Street’s expectations—with wages rising, but at a cooler pace than the lofty levels of spring.</p><p><blockquote>从表面上看，6 月份的就业报告看起来近乎完美。在经历了几个月的失望之后，招聘超出了华尔街的预期--工资有所上涨，但增长速度低于春季的高位。</blockquote></p><p> One might be tempted to declare the labor shortage over and the inflation debate done. But investors shouldn’t take the bait just yet. While a nonfarm payroll increase of 850,000 is undeniably strong, it belies a labor market still plagued with supply problems.</p><p><blockquote>人们可能会倾向于宣布劳动力短缺已经结束，通货膨胀辩论已经结束。但投资者现在还不应该上钩。虽然非农就业人数增加了85万人，这无疑是强劲的，但这掩盖了劳动力市场仍然受到供应问题的困扰。</blockquote></p><p> First, consider that government hiring rose 193,000 last month. That accounts for the entire headline overshoot versus economists’ expectations. Company payrolls increased 662,000, which would be incredible for normal times. Yet it was still far off the one million mark that economists had anticipated by this point in the recovery, as the economy bursts open and vaccinated consumers spend the trillions of dollars in cash stashed during the pandemic.</p><p><blockquote>首先，考虑一下上个月政府招聘增加了19.3万人。这就是整个标题超出经济学家预期的原因。公司就业人数增加了66.2万人，这在正常情况下是不可思议的。然而，随着经济突然开放，接种疫苗的消费者花掉了疫情期间囤积的数万亿美元现金，经济学家在复苏的这一点上预计的100万美元大关仍然相去甚远。</blockquote></p><p> What’s more, private payrolls came in well short of the one million implied by closely watched data from employee-scheduling company Homebase, says Ian Shepherdson of Pantheon Macroeconomics.</p><p><blockquote>Pantheon Macroeconomics 的伊恩-谢泼德森（Ian Shepherdson）说，更重要的是，私人就业人数远低于员工调度公司 Homebase 受到密切关注的数据所暗示的 100 万。</blockquote></p><p> Second, labor-force participation was flat in June despite better hiring. That rate, 61.6%, is still down 1.7 percentage points from its prepandemic level. The employment-population ratio, which Federal Reserve officials have said they are watching, was also unchanged in June; at 58%, it remains 3.1 percentage points below its prepandemic level.</p><p><blockquote>其次，尽管招聘情况有所改善，但 6 月份劳动力参与率持平。这一比率为61.6%，仍比大流行前的水平下降了1.7个百分点。美联储官员表示正在关注的就业与人口比率在6月份也没有变化；为 58%，仍比疫情前水平低 3.1 个百分点。</blockquote></p><p> Third, the slowdown in wage growth is deceiving. The 0.3% increase from May looks like a Goldilocks print—enough to drive continued spending without fueling inflation fears that have been building as shortages from labor to chips to food push prices broadly higher.</p><p><blockquote>第三，工资增长放缓具有欺骗性。与 5 月份相比 0.3% 的增长看起来就像金发姑娘的指纹——足以推动持续支出，而不会加剧通胀担忧，这种担忧一直在加剧，因为从劳动力到芯片到食品的短缺推高了价格。</blockquote></p><p> “If anything, this understates the true rate of underlying wage inflation,” says Jefferies chief economist Aneta Markowska of the June wage increase. After adjusting for the return of low-wage leisure, hospitality, and retail workers, average hourly earnings rose by 0.5% in June from May, she says. By that measure, they are up 4.5% from a year earlier. Over the past three months, overall wages are up an annualized 6% as companies chase workers, says Gad Levanon of the Conference Board.</p><p><blockquote>“杰富瑞首席经济学家阿内塔-马尔科夫斯卡（Aneta Markowska）在谈到 6 月份的工资增长时说：”如果说有什么不同的话，那就是这低估了潜在工资通胀率。她说，在调整了低工资休闲、酒店和零售工人的回归后，6月份平均时薪比5月份增长了0.5%。按照这一标准，它们比去年同期增长了 4.5%。世界大型企业联合会的加德·莱瓦农 (Gad Levanon) 表示，过去三个月，随着公司追逐员工，整体工资年化上涨了 6%。</blockquote></p><p> Further highlighting the fact that hiring is still being held back by supply, not demand: On an annualized basis this year, leisure and hospitality wages are up 12.3%, transportation and warehousing pay is up 8%, and retail wages are up 5.5%.</p><p><blockquote>这进一步凸显了招聘仍然受到供应而非需求的阻碍：今年按年化计算，休闲和酒店业工资增长了12.3%，运输和仓储业工资增长了8%，零售工资增长了5.5%。</blockquote></p><p> So, what’s an investor to make of the June jobs report? Nothing. Which is to say, the latest data do nothing to resolve the biggest questions facing the labor market.</p><p><blockquote>那么，投资者如何看待 6 月份的就业报告呢？没有。也就是说，最新数据对解决劳动力市场面临的最大问题毫无帮助。</blockquote></p><p> The degrees to which transitory factors—generous unemployment benefits, child-care issues, and Covid-19 concerns—are capping hiring and driving up wages won’t be clear for months. Schools need to reopen to resolve child-care issues holding back working parents, and enhanced unemployment pay needs to expire before it becomes clear the extent to which such benefits are keeping workers home.</p><p><blockquote>过渡性因素--慷慨的失业救济金、儿童保育问题和对 Covid-19 的担忧--在多大程度上限制了招聘和推高了工资，几个月后都不会明朗。学校需要重新开放，以解决阻碍工作父母的儿童保育问题，而且在明确这些福利在多大程度上让工人留在家里之前，提高的失业救济金需要到期。</blockquote></p><p> While about two dozen states either started cutting or are about to cut the extra $300 a week in unemployment insurance ahead of the federal program’s Sept. 6 expiration, Shepherdson notes that 70% of those unemployed won’t be affected by those early terminations. Because the June report does nothing to move the Fed’s needle, it shouldn’t stop the stock market from forging ahead.</p><p><blockquote>虽然在联邦计划于 9 月 6 日到期之前，约有二十几个州已经开始削减或即将削减每周额外的 300 美元失业保险，但谢泼德森指出，70% 的失业者不会受到提前终止的影响。由于 6 月份的报告对美联储没有任何帮助，因此它不应该阻止股市继续前行。</blockquote></p><p> At least for now. “You can’t be unhappy to see an 850,000 payroll print, but it’s nowhere near fast enough,” Shepherdson says, especially given labor demand as evidenced by myriad indicators, help-wanted signs, and company commentary. “The labor-supply problem may fix itself, but it may not,” he says. “The issue really is that we could end up with sustained wage inflation.” Policy makers, however, will punt until they have definitive data—and that won’t be until November.</p><p><blockquote>至少现在是这样。“谢泼德森说：”看到 85 万份工资单，你不会感到不高兴，但这还远远不够快，尤其是考虑到无数指标、求助标志和公司评论所证明的劳动力需求。“他说：”劳动力供应问题可能会自行解决，但也可能不会。“真正的问题是，我们最终可能会出现工资持续上涨”。然而，政策制定者将在获得明确数据之前搁置--而这要到 11 月才会。</blockquote></p><p> All of this means that data between now and the fall are noise. Many economists and investors are expecting the Fed to announce, at the annual Jackson Hole symposium next month, plans to taper its $120 billion in monthly asset purchases.</p><p><blockquote>所有这些都意味着现在和秋天之间的数据是噪音。许多经济学家和投资者预计美联储将在下个月的年度杰克逊霍尔研讨会上宣布，计划缩减每月 1200 亿美元的资产购买规模。</blockquote></p><p> Not so fast, Shepherdson says. “This isn’t as linear as markets would like, and it won’t be clear by Jackson Hole,” he says.</p><p><blockquote>谢泼德森说，没那么快。“他说：”这并不像市场希望的那样线性，杰克逊霍尔也不会明白这一点。</blockquote></p><p> If that’s right—that the Fed won’t have the data they want in time to lay out taper plans until later in the fall—an even longer period of ultraloose monetary policy might be in store. That is assuming there’s time for officials to telegraph plans well ahead of actually starting to withdraw support.</p><p><blockquote>如果这是真的--美联储要到秋季晚些时候才能及时获得他们想要的数据来制定缩减规模的计划--那么一段更长的超宽松货币政策可能正在酝酿之中。这是假设官员们在实际开始撤回支持之前就有时间传达计划。</blockquote></p><p></p><p> Therein lies the risk of tuning out the noise, or the employment data, between now and the fall. If the resumption of school and the end to enhanced unemployment benefits don’t bring workers back, it will become clear that structural issues are at play and wage inflation is thus more persistent. As Shepherdson puts it, there is a strong likelihood that the Fed has to raise interest rates in 2022 because there is a good chance people won’t come back into the labor force.</p><p><blockquote>从现在到秋季，存在着忽略噪音或就业数据的风险。如果复学和取消提高失业救济金不能让工人重返工作岗位，那么很明显，结构性问题正在发挥作用，因此工资上涨将更加持久。正如谢泼德森所说，美联储很有可能不得不在 2022 年加息，因为人们很有可能不会重返劳动力市场。</blockquote></p><p> Investors should continue to enjoythe stock market gains. But they should also be careful. Waiting for definitive data to show whether the labor shortage is more than transitory means policy makers might have to act sooner and faster than it would seem—especially if deceivingly balanced reports like June’s dot the next few months.</p><p><blockquote>投资者应继续享受股市涨幅。但他们也应该小心。等待明确数据显示劳动力短缺是否不仅仅是暂时的，这意味着政策制定者可能不得不比看起来更快、更快地采取行动--尤其是如果未来几个月出现像 6 月份这样具有欺骗性的平衡报告的话。</blockquote></p><p></p>","source":"lsy1610680873436","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>The Jobs Report Was Strong. Why Investors Should Be Skeptical.<blockquote>就业报告强劲。为什么投资者应该持怀疑态度。</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\">\nThe Jobs Report Was Strong. Why Investors Should Be Skeptical.<blockquote>就业报告强劲。为什么投资者应该持怀疑态度。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-07-03 12:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On its face, the June jobs report looksalmost perfect. After months of disappointments, hiring beat Wall Street’s expectations—with wages rising, but at a cooler pace than the lofty levels of spring.</p><p><blockquote>从表面上看，6 月份的就业报告看起来近乎完美。在经历了几个月的失望之后，招聘超出了华尔街的预期--工资有所上涨，但增长速度低于春季的高位。</blockquote></p><p> One might be tempted to declare the labor shortage over and the inflation debate done. But investors shouldn’t take the bait just yet. While a nonfarm payroll increase of 850,000 is undeniably strong, it belies a labor market still plagued with supply problems.</p><p><blockquote>人们可能会倾向于宣布劳动力短缺已经结束，通货膨胀辩论已经结束。但投资者现在还不应该上钩。虽然非农就业人数增加了85万人，这无疑是强劲的，但这掩盖了劳动力市场仍然受到供应问题的困扰。</blockquote></p><p> First, consider that government hiring rose 193,000 last month. That accounts for the entire headline overshoot versus economists’ expectations. Company payrolls increased 662,000, which would be incredible for normal times. Yet it was still far off the one million mark that economists had anticipated by this point in the recovery, as the economy bursts open and vaccinated consumers spend the trillions of dollars in cash stashed during the pandemic.</p><p><blockquote>首先，考虑一下上个月政府招聘增加了19.3万人。这就是整个标题超出经济学家预期的原因。公司就业人数增加了66.2万人，这在正常情况下是不可思议的。然而，随着经济突然开放，接种疫苗的消费者花掉了疫情期间囤积的数万亿美元现金，经济学家在复苏的这一点上预计的100万美元大关仍然相去甚远。</blockquote></p><p> What’s more, private payrolls came in well short of the one million implied by closely watched data from employee-scheduling company Homebase, says Ian Shepherdson of Pantheon Macroeconomics.</p><p><blockquote>Pantheon Macroeconomics 的伊恩-谢泼德森（Ian Shepherdson）说，更重要的是，私人就业人数远低于员工调度公司 Homebase 受到密切关注的数据所暗示的 100 万。</blockquote></p><p> Second, labor-force participation was flat in June despite better hiring. That rate, 61.6%, is still down 1.7 percentage points from its prepandemic level. The employment-population ratio, which Federal Reserve officials have said they are watching, was also unchanged in June; at 58%, it remains 3.1 percentage points below its prepandemic level.</p><p><blockquote>其次，尽管招聘情况有所改善，但 6 月份劳动力参与率持平。这一比率为61.6%，仍比大流行前的水平下降了1.7个百分点。美联储官员表示正在关注的就业与人口比率在6月份也没有变化；为 58%，仍比疫情前水平低 3.1 个百分点。</blockquote></p><p> Third, the slowdown in wage growth is deceiving. The 0.3% increase from May looks like a Goldilocks print—enough to drive continued spending without fueling inflation fears that have been building as shortages from labor to chips to food push prices broadly higher.</p><p><blockquote>第三，工资增长放缓具有欺骗性。与 5 月份相比 0.3% 的增长看起来就像金发姑娘的指纹——足以推动持续支出，而不会加剧通胀担忧，这种担忧一直在加剧，因为从劳动力到芯片到食品的短缺推高了价格。</blockquote></p><p> “If anything, this understates the true rate of underlying wage inflation,” says Jefferies chief economist Aneta Markowska of the June wage increase. After adjusting for the return of low-wage leisure, hospitality, and retail workers, average hourly earnings rose by 0.5% in June from May, she says. By that measure, they are up 4.5% from a year earlier. Over the past three months, overall wages are up an annualized 6% as companies chase workers, says Gad Levanon of the Conference Board.</p><p><blockquote>“杰富瑞首席经济学家阿内塔-马尔科夫斯卡（Aneta Markowska）在谈到 6 月份的工资增长时说：”如果说有什么不同的话，那就是这低估了潜在工资通胀率。她说，在调整了低工资休闲、酒店和零售工人的回归后，6月份平均时薪比5月份增长了0.5%。按照这一标准，它们比去年同期增长了 4.5%。世界大型企业联合会的加德·莱瓦农 (Gad Levanon) 表示，过去三个月，随着公司追逐员工，整体工资年化上涨了 6%。</blockquote></p><p> Further highlighting the fact that hiring is still being held back by supply, not demand: On an annualized basis this year, leisure and hospitality wages are up 12.3%, transportation and warehousing pay is up 8%, and retail wages are up 5.5%.</p><p><blockquote>这进一步凸显了招聘仍然受到供应而非需求的阻碍：今年按年化计算，休闲和酒店业工资增长了12.3%，运输和仓储业工资增长了8%，零售工资增长了5.5%。</blockquote></p><p> So, what’s an investor to make of the June jobs report? Nothing. Which is to say, the latest data do nothing to resolve the biggest questions facing the labor market.</p><p><blockquote>那么，投资者如何看待 6 月份的就业报告呢？没有。也就是说，最新数据对解决劳动力市场面临的最大问题毫无帮助。</blockquote></p><p> The degrees to which transitory factors—generous unemployment benefits, child-care issues, and Covid-19 concerns—are capping hiring and driving up wages won’t be clear for months. Schools need to reopen to resolve child-care issues holding back working parents, and enhanced unemployment pay needs to expire before it becomes clear the extent to which such benefits are keeping workers home.</p><p><blockquote>过渡性因素--慷慨的失业救济金、儿童保育问题和对 Covid-19 的担忧--在多大程度上限制了招聘和推高了工资，几个月后都不会明朗。学校需要重新开放，以解决阻碍工作父母的儿童保育问题，而且在明确这些福利在多大程度上让工人留在家里之前，提高的失业救济金需要到期。</blockquote></p><p> While about two dozen states either started cutting or are about to cut the extra $300 a week in unemployment insurance ahead of the federal program’s Sept. 6 expiration, Shepherdson notes that 70% of those unemployed won’t be affected by those early terminations. Because the June report does nothing to move the Fed’s needle, it shouldn’t stop the stock market from forging ahead.</p><p><blockquote>虽然在联邦计划于 9 月 6 日到期之前，约有二十几个州已经开始削减或即将削减每周额外的 300 美元失业保险，但谢泼德森指出，70% 的失业者不会受到提前终止的影响。由于 6 月份的报告对美联储没有任何帮助，因此它不应该阻止股市继续前行。</blockquote></p><p> At least for now. “You can’t be unhappy to see an 850,000 payroll print, but it’s nowhere near fast enough,” Shepherdson says, especially given labor demand as evidenced by myriad indicators, help-wanted signs, and company commentary. “The labor-supply problem may fix itself, but it may not,” he says. “The issue really is that we could end up with sustained wage inflation.” Policy makers, however, will punt until they have definitive data—and that won’t be until November.</p><p><blockquote>至少现在是这样。“谢泼德森说：”看到 85 万份工资单，你不会感到不高兴，但这还远远不够快，尤其是考虑到无数指标、求助标志和公司评论所证明的劳动力需求。“他说：”劳动力供应问题可能会自行解决，但也可能不会。“真正的问题是，我们最终可能会出现工资持续上涨”。然而，政策制定者将在获得明确数据之前搁置--而这要到 11 月才会。</blockquote></p><p> All of this means that data between now and the fall are noise. Many economists and investors are expecting the Fed to announce, at the annual Jackson Hole symposium next month, plans to taper its $120 billion in monthly asset purchases.</p><p><blockquote>所有这些都意味着现在和秋天之间的数据是噪音。许多经济学家和投资者预计美联储将在下个月的年度杰克逊霍尔研讨会上宣布，计划缩减每月 1200 亿美元的资产购买规模。</blockquote></p><p> Not so fast, Shepherdson says. “This isn’t as linear as markets would like, and it won’t be clear by Jackson Hole,” he says.</p><p><blockquote>谢泼德森说，没那么快。“他说：”这并不像市场希望的那样线性，杰克逊霍尔也不会明白这一点。</blockquote></p><p> If that’s right—that the Fed won’t have the data they want in time to lay out taper plans until later in the fall—an even longer period of ultraloose monetary policy might be in store. That is assuming there’s time for officials to telegraph plans well ahead of actually starting to withdraw support.</p><p><blockquote>如果这是真的--美联储要到秋季晚些时候才能及时获得他们想要的数据来制定缩减规模的计划--那么一段更长的超宽松货币政策可能正在酝酿之中。这是假设官员们在实际开始撤回支持之前就有时间传达计划。</blockquote></p><p></p><p> Therein lies the risk of tuning out the noise, or the employment data, between now and the fall. If the resumption of school and the end to enhanced unemployment benefits don’t bring workers back, it will become clear that structural issues are at play and wage inflation is thus more persistent. As Shepherdson puts it, there is a strong likelihood that the Fed has to raise interest rates in 2022 because there is a good chance people won’t come back into the labor force.</p><p><blockquote>从现在到秋季，存在着忽略噪音或就业数据的风险。如果复学和取消提高失业救济金不能让工人重返工作岗位，那么很明显，结构性问题正在发挥作用，因此工资上涨将更加持久。正如谢泼德森所说，美联储很有可能不得不在 2022 年加息，因为人们很有可能不会重返劳动力市场。</blockquote></p><p> Investors should continue to enjoythe stock market gains. But they should also be careful. Waiting for definitive data to show whether the labor shortage is more than transitory means policy makers might have to act sooner and faster than it would seem—especially if deceivingly balanced reports like June’s dot the next few months.</p><p><blockquote>投资者应继续享受股市涨幅。但他们也应该小心。等待明确数据显示劳动力短缺是否不仅仅是暂时的，这意味着政策制定者可能不得不比看起来更快、更快地采取行动--尤其是如果未来几个月出现像 6 月份这样具有欺骗性的平衡报告的话。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/jobs-report-investors-should-be-skeptical-51625267210?mod=hp_LEAD_2\">Barron's</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":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/jobs-report-investors-should-be-skeptical-51625267210?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197906560","content_text":"On its face, the June jobs report looksalmost perfect. After months of disappointments, hiring beat Wall Street’s expectations—with wages rising, but at a cooler pace than the lofty levels of spring.\nOne might be tempted to declare the labor shortage over and the inflation debate done. But investors shouldn’t take the bait just yet. While a nonfarm payroll increase of 850,000 is undeniably strong, it belies a labor market still plagued with supply problems.\nFirst, consider that government hiring rose 193,000 last month. That accounts for the entire headline overshoot versus economists’ expectations. Company payrolls increased 662,000, which would be incredible for normal times. Yet it was still far off the one million mark that economists had anticipated by this point in the recovery, as the economy bursts open and vaccinated consumers spend the trillions of dollars in cash stashed during the pandemic.\nWhat’s more, private payrolls came in well short of the one million implied by closely watched data from employee-scheduling company Homebase, says Ian Shepherdson of Pantheon Macroeconomics.\nSecond, labor-force participation was flat in June despite better hiring. That rate, 61.6%, is still down 1.7 percentage points from its prepandemic level. The employment-population ratio, which Federal Reserve officials have said they are watching, was also unchanged in June; at 58%, it remains 3.1 percentage points below its prepandemic level.\nThird, the slowdown in wage growth is deceiving. The 0.3% increase from May looks like a Goldilocks print—enough to drive continued spending without fueling inflation fears that have been building as shortages from labor to chips to food push prices broadly higher.\n“If anything, this understates the true rate of underlying wage inflation,” says Jefferies chief economist Aneta Markowska of the June wage increase. After adjusting for the return of low-wage leisure, hospitality, and retail workers, average hourly earnings rose by 0.5% in June from May, she says. By that measure, they are up 4.5% from a year earlier. Over the past three months, overall wages are up an annualized 6% as companies chase workers, says Gad Levanon of the Conference Board.\nFurther highlighting the fact that hiring is still being held back by supply, not demand: On an annualized basis this year, leisure and hospitality wages are up 12.3%, transportation and warehousing pay is up 8%, and retail wages are up 5.5%.\nSo, what’s an investor to make of the June jobs report? Nothing. Which is to say, the latest data do nothing to resolve the biggest questions facing the labor market.\nThe degrees to which transitory factors—generous unemployment benefits, child-care issues, and Covid-19 concerns—are capping hiring and driving up wages won’t be clear for months. Schools need to reopen to resolve child-care issues holding back working parents, and enhanced unemployment pay needs to expire before it becomes clear the extent to which such benefits are keeping workers home.\nWhile about two dozen states either started cutting or are about to cut the extra $300 a week in unemployment insurance ahead of the federal program’s Sept. 6 expiration, Shepherdson notes that 70% of those unemployed won’t be affected by those early terminations. Because the June report does nothing to move the Fed’s needle, it shouldn’t stop the stock market from forging ahead.\nAt least for now. “You can’t be unhappy to see an 850,000 payroll print, but it’s nowhere near fast enough,” Shepherdson says, especially given labor demand as evidenced by myriad indicators, help-wanted signs, and company commentary. “The labor-supply problem may fix itself, but it may not,” he says. “The issue really is that we could end up with sustained wage inflation.” Policy makers, however, will punt until they have definitive data—and that won’t be until November.\nAll of this means that data between now and the fall are noise. Many economists and investors are expecting the Fed to announce, at the annual Jackson Hole symposium next month, plans to taper its $120 billion in monthly asset purchases.\nNot so fast, Shepherdson says. “This isn’t as linear as markets would like, and it won’t be clear by Jackson Hole,” he says.\nIf that’s right—that the Fed won’t have the data they want in time to lay out taper plans until later in the fall—an even longer period of ultraloose monetary policy might be in store. That is assuming there’s time for officials to telegraph plans well ahead of actually starting to withdraw support.\nTherein lies the risk of tuning out the noise, or the employment data, between now and the fall. If the resumption of school and the end to enhanced unemployment benefits don’t bring workers back, it will become clear that structural issues are at play and wage inflation is thus more persistent. As Shepherdson puts it, there is a strong likelihood that the Fed has to raise interest rates in 2022 because there is a good chance people won’t come back into the labor force.\nInvestors should continue to enjoythe stock market gains. But they should also be careful. Waiting for definitive data to show whether the labor shortage is more than transitory means policy makers might have to act sooner and faster than it would seem—especially if deceivingly balanced reports like June’s dot the next few months.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":3563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142128504,"gmtCreate":1626137519508,"gmtModify":1631890394049,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Cool","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Cool","text":"$Apple(AAPL)$Cool","images":[{"img":"https://static.tigerbbs.com/f97f588a5adae05bb191b93824b01acd","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/142128504","isVote":1,"tweetType":1,"viewCount":2547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":832491104,"gmtCreate":1629673960408,"gmtModify":1631890394045,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/832491104","repostId":"1176431153","repostType":4,"repost":{"id":"1176431153","kind":"news","pubTimestamp":1629604617,"share":"https://www.laohunote.com/m/news/1176431153?lang=zh_CN&edition=full","pubTime":"2021-08-22 11:56","market":"us","language":"en","title":"Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176431153","media":"Barron's","summary":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and ","content":"<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>","source":"lsy1610680873436","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>Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</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\">\nBuffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-22 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y\">Barron's</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://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176431153","content_text":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.\nBerkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.\nThere were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.\nAs for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.\nAnd it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&P 500index’s total return of about 20%.\nLast WeekPre-Tantrum\nStock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.\nShop Till They Drop\nRetailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)\nCalling All Hackers\nShares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.\nPassing the Baton\nJohnson & Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.\nAnnals of Deal Making\nGene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black & Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155221328,"gmtCreate":1625441338064,"gmtModify":1631890394053,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/155221328","repostId":"1169840279","repostType":4,"isVote":1,"tweetType":1,"viewCount":2097,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182219800,"gmtCreate":1623576614600,"gmtModify":1634031476375,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/182219800","repostId":"2143788707","repostType":4,"isVote":1,"tweetType":1,"viewCount":734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835031906,"gmtCreate":1629680545105,"gmtModify":1631890394032,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/835031906","repostId":"1176431153","repostType":4,"repost":{"id":"1176431153","kind":"news","pubTimestamp":1629604617,"share":"https://www.laohunote.com/m/news/1176431153?lang=zh_CN&edition=full","pubTime":"2021-08-22 11:56","market":"us","language":"en","title":"Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176431153","media":"Barron's","summary":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and ","content":"<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>","source":"lsy1610680873436","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>Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</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\">\nBuffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-22 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y\">Barron's</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://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176431153","content_text":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.\nBerkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.\nThere were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.\nAs for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.\nAnd it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&P 500index’s total return of about 20%.\nLast WeekPre-Tantrum\nStock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.\nShop Till They Drop\nRetailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)\nCalling All Hackers\nShares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.\nPassing the Baton\nJohnson & Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.\nAnnals of Deal Making\nGene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black & Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832483508,"gmtCreate":1629674860404,"gmtModify":1631890394035,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/832483508","repostId":"1176431153","repostType":4,"repost":{"id":"1176431153","kind":"news","pubTimestamp":1629604617,"share":"https://www.laohunote.com/m/news/1176431153?lang=zh_CN&edition=full","pubTime":"2021-08-22 11:56","market":"us","language":"en","title":"Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176431153","media":"Barron's","summary":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and ","content":"<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>","source":"lsy1610680873436","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>Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</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\">\nBuffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-22 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y\">Barron's</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://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176431153","content_text":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.\nBerkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.\nThere were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.\nAs for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.\nAnd it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&P 500index’s total return of about 20%.\nLast WeekPre-Tantrum\nStock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.\nShop Till They Drop\nRetailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)\nCalling All Hackers\nShares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.\nPassing the Baton\nJohnson & Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.\nAnnals of Deal Making\nGene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black & Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183341601,"gmtCreate":1623310975103,"gmtModify":1634034704403,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/183341601","repostId":"2142242832","repostType":4,"isVote":1,"tweetType":1,"viewCount":711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832498846,"gmtCreate":1629674009285,"gmtModify":1631890394041,"author":{"id":"3572160869274405","authorId":"3572160869274405","name":"Exodus991980","avatar":"https://static.tigerbbs.com/d905c3786b37f797c0424dafc86bbd30","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572160869274405","authorIdStr":"3572160869274405"},"themes":[],"title":"","htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/832498846","repostId":"1176431153","repostType":4,"repost":{"id":"1176431153","kind":"news","pubTimestamp":1629604617,"share":"https://www.laohunote.com/m/news/1176431153?lang=zh_CN&edition=full","pubTime":"2021-08-22 11:56","market":"us","language":"en","title":"Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176431153","media":"Barron's","summary":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and ","content":"<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>","source":"lsy1610680873436","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>Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</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\">\nBuffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.<blockquote>巴菲特的伯克希尔仍然不买账。以下是它的售价。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-22 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.</p><p><blockquote>如果你一直在等待伯克希尔-哈撒韦公司（forBerkshire Hathaway）将其 1440 亿美元现金及等价物中的一大部分用于收购，那么你就得再等一会儿了，也许还要等很久。根据该公司最新的 10-Q 文件，伯克希尔不仅没有在第二季度进行重大收购，而且首席执行官沃伦-巴菲特（Warren Buffett）和他的投资副手托德-库姆斯（Todd Combs）和特德-韦施勒（Ted Weschler）在此期间净卖出了约 10 亿美元的股票。</blockquote></p><p> Berkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.</p><p><blockquote>伯克希尔减持了 2020 年收购的艾伯维、百时美施贵宝和默克三只制药股的股份。该公司还在本季度出售了 700 万股通用汽车股票，将其持有量减少至 6000 万股，目前价值 32 亿美元。伯克希尔小幅削减了雪佛龙的持仓，并增持了 grocerKroger 的股份。</blockquote></p><p> There were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.</p><p><blockquote>其两大持股没有变化。该公司持有的苹果股份稳定在 8.87 亿股，目前价值 1340 亿美元，美国银行持有 10.1 亿股，价值 410 亿美元。截至 6 月 30 日，伯克希尔的总股本持有量超过 3000 亿美元。</blockquote></p><p> As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.</p><p><blockquote>至于自己的股票，伯克希尔是买家，在过去两个季度中每个季度都买入了约 60 亿美元的股票，约占每个时期流通股的 1%。</blockquote></p><p> And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&amp;P 500index’s total return of about 20%.</p><p><blockquote>而且它并不是唯一的买家；这两类股票今年都上涨了约 25%，领先于标准普尔 500 指数约 20% 的总回报率。</blockquote></p><p> <b>Last WeekPre-Tantrum</b></p><p><blockquote><b>上周发脾气前</b></blockquote></p><p> Stock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&amp;P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&amp;P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.</p><p><blockquote>股指本周收红，本周大部分抛售发生在周二和周三。标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数在那些日子里均下跌了近 2%。美联储货币政策委员会周三公布的最新会议纪要显示，官员们正在就何时开始撤回自2020年3月以来实施的紧急刺激措施展开激烈辩论。美联储可能会在今年秋天开始减少美国国债和抵押贷款支持证券的购买——目前每月总计1200亿美元。道琼斯指数本周收盘下跌 1.1%，至 35,120.08 点；标准普尔指数下跌0.6%，至4441.67点；纳斯达克综合指数下跌 0.7%，至 14,714.66 点。</blockquote></p><p> <b>Shop Till They Drop</b></p><p><blockquote><b>购物直到它们掉落</b></blockquote></p><p> Retailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)</p><p><blockquote>零售商公布了 5 月至 7 月第二季度的业绩。总体情况是，消费者手持大流行病储蓄和联邦刺激现金，并渴望花掉这些钱.沃尔玛、塔吉特、家得宝、梅西百货等本季度的销售额和利润都超过了华尔街的预测。（参见“购物者再次涌入商场和实体店”。）</blockquote></p><p> <b>Calling All Hackers</b></p><p><blockquote><b>呼叫所有黑客</b></blockquote></p><p> Shares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.</p><p><blockquote>在线出版物 Motherboard 报道称，声称来自无线网络运营商服务器的客户数据正在网上出售，这给 ofT-Mobile UScame 带来了压力。T-Mobile 随后证实，有人未经授权访问了该公司的一些数据，其中包括大约 5400 万人的记录。</blockquote></p><p> <b>Passing the Baton</b></p><p><blockquote><b>传递接力棒</b></blockquote></p><p> Johnson &amp; Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&amp;J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.</p><p><blockquote>强生公司宣布出人意料地更换首席执行官。其现任首席执行官亚历克斯·戈尔斯基 (Alex Gorsky) 将于 1 月份将权力移交给华金·杜阿托 (Joaquin Duato)，此前他已掌管这家市值近 5000 亿美元的公司长达 9 年，并在该公司工作了 30 年。现年 59 岁的杜阿托现任强生执行委员会副主席。61岁的戈尔斯基将于明年担任新设立的执行主席一职。</blockquote></p><p> <b>Annals of Deal Making</b></p><p><blockquote><b>交易年鉴</b></blockquote></p><p> Gene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black &amp; Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.</p><p><blockquote>基因测序公司 Firmillumina 完成了对 Grail 的 71 亿美元收购，该公司致力于早期癌症检测。与联邦贸易委员会的法律战仍在继续……德国物流公司德国邮政将收购海运代理公司J.F。Hillebrand Group 以约 15 亿欧元（18 亿美元）现金收购.工具制造商 Stanley Black &amp; Decker 同意以 16 亿美元现金收购其尚未拥有的 MTD 80% 的股份。MTD 以 Cub Cadet 和 Troy-Bilt 品牌生产割草机和其他户外电动工具……必和必拓集团将以全股票交易的形式将其石油和天然气部门与伍德赛德石油公司合并，其股东持有 48% 的股份。该矿商还将把其主要股票市场上市从伦敦转移到悉尼。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y\">Barron's</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://www.barrons.com/articles/berkshire-hathaway-holdings-news-51629509250?siteid=yhoof2&tesla=y","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176431153","content_text":"If you’ve been waiting forBerkshire Hathawayto spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.\nBerkshire pared its stakes in three drug stocks—AbbVie,Bristol-Myers Squibb, andMerck—all acquired in 2020. The company also sold seven millionGeneral Motorsshares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed itsChevronposition slightly, and added to its stake in grocerKroger.\nThere were no changes in its two largest holdings. The company’sApplestake held steady at 887 million shares, now worth $134 billion, andBank of Americastood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.\nAs for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.\nAnd it wasn’t the only buyer; both share classes are up about 25% this year, ahead of theS&P 500index’s total return of about 20%.\nLast WeekPre-Tantrum\nStock indexes finished the week in the red, with the bulk of the week’s selling coming on Tuesday and Wednesday. The S&P 500,Nasdaq Composite,andDow Jones Industrial Averageeach sank close to 2% over those days. Minutes from the Federal Reserve’s monetary policy committee’s latest meeting, released on Wednesday, showed an active debate among officials about when to begin withdrawing the emergency stimulus in place since March 2020. The Fed could begin reducing its U.S. Treasury and mortgage-backed securities purchases—currently running at a combined $120 billion a month—this fall. The Dow finished the week down 1.1%, at 35,120.08; the S&P lost 0.6%, to 4441.67; and the Nasdaq Composite fell 0.7%, to 14,714.66.\nShop Till They Drop\nRetailers reported their results for the May-to-July period, their second quarter. The overall picture is of consumers armed with pandemic savings and federal stimulus cash—and eager to spend it.Walmart,Target,Home Depot,Macy’s,and more topped Wall Street’s forecasts for sales and profits in the quarter. (See“Shoppers Are Crowding Malls and Bricks-and-Mortar Stores Again.”)\nCalling All Hackers\nShares ofT-Mobile UScame under pressure after reports in the online publication Motherboard that customer data claiming to be from the wireless network operator’s servers was for sale online. T-Mobile later confirmed that there had been unauthorized access to some of the company’s data, including records for roughly 54 million people.\nPassing the Baton\nJohnson & Johnsonannounced a surprise CEO transition. Its current chief executive, Alex Gorsky, will hand the reins to Joaquin Duato in January after nine years in charge and three decades at the company, which has a market value of nearly $500 billion. Duato, 59, is currently the vice chairman of J&J’s executive committee. Gorsky, 61, will assume the post of executive chairman, a newly created role, next year.\nAnnals of Deal Making\nGene-sequencing firmIlluminaclosed a $7.1 billion acquisition of Grail, which works on early cancer detection. A legal battle with the Federal Trade Commission continues…German logistics firm Deutsche Post will acquire ocean freight-forwarding company J.F. Hillebrand Group for about 1.5 billion euros ($1.8 billion) in cash…ToolmakerStanley Black & Deckeragreed to pay $1.6 billion in cash for the 80% of MTD Holdings that it doesn’t already own. MTD makes lawn mowers and other outdoor power tools under the Cub Cadet and Troy-Bilt brands…BHP Groupwill merge its oil-and-gas unit withWoodside Petroleumin an all-stock deal, with its shareholders owning 48%. The miner will also shift its primary stock market listing from London to Sydney.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}