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2021-11-09

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Why markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：“表面平静，但下面却剧烈搅动”</blockquote>

2021-07-03

Wow 😲

Suze Orman worries about a market crash — here's what you should do<blockquote>Suze Orman担心市场崩盘——以下是您应该做的</blockquote>

2021-11-04

OK

Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</blockquote>

2021-09-09

Great ariticle, would you like to share it?

Chinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote>

2021-09-07

Good

Tesla Reportedly Targeting $25,000 "Model 2" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到2023年推出售价25,000美元的无方向盘“Model 2”</blockquote>

2021-06-24

Hope so

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2021-06-11

Nice[强]

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2021-06-03

Wow...

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2021-09-17

Ok

Amazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做。沃尔玛也是。为什么零售业喜欢“先买后付”。</blockquote>

2021-07-30

Like

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2021-06-25

Good

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2021-06-23

Wow

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2021-06-13

Wow

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2021-06-13

Wow

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2021-06-23

Wow

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2021-11-04

Ok

Amazon Stock: It's Down 12% From Record. Buy in November?<blockquote>亚马逊股票：较创纪录下跌12%。11月买？</blockquote>

2021-07-12

Wow

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2021-07-09

Interesting

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2021-07-09

Wow

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2021-06-29

Good

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18:02","market":"us","language":"en","title":"Why markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：“表面平静，但下面却剧烈搅动”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164632864","media":"Marketwatch","summary":"Mario Draghi famously likened the euro to a bumblebee; Morgan Stanley analysts say global financial ","content":"<p>Mario Draghi famously&nbsp;likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”</p><p><blockquote>马里奥·德拉吉(Mario Draghi)将欧元比作一只大黄蜂。摩根士丹利分析师表示，全球金融市场让他们想起了一只漂浮在池塘上的鸭子：“表面上平静，但下面却剧烈翻腾。”</blockquote></p><p> The calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.</p><p><blockquote>随着全球股市飙升至历史新高，股市波动性的持续下降反映了这种平静。以安德鲁·希茨（Andrew Sheets）为首的分析师在周五的一份报告中指出，美国、欧洲和新兴市场的一个月股市波动率已降至过去15年的第25%。</blockquote></p><p> But below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.</p><p><blockquote>但他们写道，在表面之下，其他资产的“波动性已经跃升”，并推出了一种新的跨资产指标，称为综合西格玛指标，该指标处于五年来的最高读数，不包括新冠疫情引发的动荡2020年第二季度（见下图）。这反映出极端单日波动的数量不断增加，定义为标准差大于1.5。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a225428109bc24bddb8dbd14801b7065\" tg-width=\"700\" tg-height=\"408\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> Anyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.</p><p><blockquote>任何最近几周关注美国和全球政府债券市场的人可能都不会惊讶地发现利率市场是这些举措的核心。事实上，综合西格玛指标是由收益率曲线的极端波动驱动的；通胀盈亏平衡，衡量相同期限的通胀保值债务和名义债务之间的差异；分析师表示，和2年期利率。</blockquote></p><p> Short-term government bond yields, including those on 2-year U.S. Treasury notes,&nbsp;began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.</p><p><blockquote>包括2年期美国国债在内的短期政府债券收益率在9月份开始大幅上升，因为投资者开始预测全球央行将采取更激进的立场，以应对事实证明比预期更持久的通胀。短期和长期收益率之间的差距显着缩小，这种收益率曲线现象被称为平坦化。</blockquote></p><p> The speed of the move has been interpreted by some investors as the potential harbinger of&nbsp;a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.</p><p><blockquote>一些投资者将此举的速度解读为“政策错误”的潜在先兆，即央行过于激进的紧缩政策引发经济衰退。据《华尔街日报》报道，这些举措也让投资者措手不及，导致一些知名对冲基金在10月份遭受巨额损失。</blockquote></p><p> Two-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.</p><p><blockquote>分析师指出，与此同时，波兰两年期利率上涨了85个基点，即0.85个百分点，与利率每周变动分布相差12.2西格玛。随着短期利率上升和长期利率下降，英国出现了“极端混乱”，而在大宗商品市场，铁矿石价格下跌了20%。</blockquote></p><p> “Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.</p><p><blockquote>分析师写道：“利率是这一走势的唯一驱动力，而其他资产则异常平静。全球利率的风险管理与年底前的股票或外汇有很大不同。”</blockquote></p><p> Stocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&amp;P 500&nbsp;was up 26.9% year to date through Friday, while the Dow Jones Industrial Average&nbsp;has rallied 21.2% and the Nasdaq Composite&nbsp;advanced 23.9%.</p><p><blockquote>股市在9月份下跌，但主要股指在10月份飙升，并在本月继续逼近历史高点。截至周五，标普500今年迄今已上涨26.9%，道琼斯工业平均指数上涨21.2%，纳斯达克综合指数上涨23.9%。</blockquote></p><p> So what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&amp;P 500,” they said.</p><p><blockquote>那么这一切意味着什么呢？他们表示：“这表明流动性环境已经在发生变化，即使在标普500上还不明显。”</blockquote></p><p> It also means that risk premium matters (see chart below).</p><p><blockquote>这也意味着风险溢价很重要（见下图）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fa8a9c15b74f8c569f39f375770bdc7\" tg-width=\"700\" tg-height=\"383\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> “Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.</p><p><blockquote>他们写道：“最近波动最大的许多市场都是那些定价为最平静环境的市场。随着特殊风险的上升，风险管理变得更具挑战性，我们在高风险和低风险溢价市场中看到了机会。”</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：“表面平静，但下面却剧烈搅动”</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\">\nWhy markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：“表面平静，但下面却剧烈搅动”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-11-09 18:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Mario Draghi famously&nbsp;likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”</p><p><blockquote>马里奥·德拉吉(Mario Draghi)将欧元比作一只大黄蜂。摩根士丹利分析师表示，全球金融市场让他们想起了一只漂浮在池塘上的鸭子：“表面上平静，但下面却剧烈翻腾。”</blockquote></p><p> The calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.</p><p><blockquote>随着全球股市飙升至历史新高，股市波动性的持续下降反映了这种平静。以安德鲁·希茨（Andrew Sheets）为首的分析师在周五的一份报告中指出，美国、欧洲和新兴市场的一个月股市波动率已降至过去15年的第25%。</blockquote></p><p> But below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.</p><p><blockquote>但他们写道，在表面之下，其他资产的“波动性已经跃升”，并推出了一种新的跨资产指标，称为综合西格玛指标，该指标处于五年来的最高读数，不包括新冠疫情引发的动荡2020年第二季度（见下图）。这反映出极端单日波动的数量不断增加，定义为标准差大于1.5。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a225428109bc24bddb8dbd14801b7065\" tg-width=\"700\" tg-height=\"408\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> Anyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.</p><p><blockquote>任何最近几周关注美国和全球政府债券市场的人可能都不会惊讶地发现利率市场是这些举措的核心。事实上，综合西格玛指标是由收益率曲线的极端波动驱动的；通胀盈亏平衡，衡量相同期限的通胀保值债务和名义债务之间的差异；分析师表示，和2年期利率。</blockquote></p><p> Short-term government bond yields, including those on 2-year U.S. Treasury notes,&nbsp;began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.</p><p><blockquote>包括2年期美国国债在内的短期政府债券收益率在9月份开始大幅上升，因为投资者开始预测全球央行将采取更激进的立场，以应对事实证明比预期更持久的通胀。短期和长期收益率之间的差距显着缩小，这种收益率曲线现象被称为平坦化。</blockquote></p><p> The speed of the move has been interpreted by some investors as the potential harbinger of&nbsp;a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.</p><p><blockquote>一些投资者将此举的速度解读为“政策错误”的潜在先兆，即央行过于激进的紧缩政策引发经济衰退。据《华尔街日报》报道，这些举措也让投资者措手不及，导致一些知名对冲基金在10月份遭受巨额损失。</blockquote></p><p> Two-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.</p><p><blockquote>分析师指出，与此同时，波兰两年期利率上涨了85个基点，即0.85个百分点，与利率每周变动分布相差12.2西格玛。随着短期利率上升和长期利率下降，英国出现了“极端混乱”，而在大宗商品市场，铁矿石价格下跌了20%。</blockquote></p><p> “Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.</p><p><blockquote>分析师写道：“利率是这一走势的唯一驱动力，而其他资产则异常平静。全球利率的风险管理与年底前的股票或外汇有很大不同。”</blockquote></p><p> Stocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&amp;P 500&nbsp;was up 26.9% year to date through Friday, while the Dow Jones Industrial Average&nbsp;has rallied 21.2% and the Nasdaq Composite&nbsp;advanced 23.9%.</p><p><blockquote>股市在9月份下跌，但主要股指在10月份飙升，并在本月继续逼近历史高点。截至周五，标普500今年迄今已上涨26.9%，道琼斯工业平均指数上涨21.2%，纳斯达克综合指数上涨23.9%。</blockquote></p><p> So what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&amp;P 500,” they said.</p><p><blockquote>那么这一切意味着什么呢？他们表示：“这表明流动性环境已经在发生变化，即使在标普500上还不明显。”</blockquote></p><p> It also means that risk premium matters (see chart below).</p><p><blockquote>这也意味着风险溢价很重要（见下图）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fa8a9c15b74f8c569f39f375770bdc7\" tg-width=\"700\" tg-height=\"383\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> “Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.</p><p><blockquote>他们写道：“最近波动最大的许多市场都是那些定价为最平静环境的市场。随着特殊风险的上升，风险管理变得更具挑战性，我们在高风险和低风险溢价市场中看到了机会。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/why-markets-are-like-a-duck-calm-above-the-surface-but-furious-churning-below-11636395875?siteid=yhoof2\">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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/why-markets-are-like-a-duck-calm-above-the-surface-but-furious-churning-below-11636395875?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1164632864","content_text":"Mario Draghi famously likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”\nThe calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.\nBut below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.\nMORGAN STANLEY RESEARCH\nAnyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.\nShort-term government bond yields, including those on 2-year U.S. Treasury notes, began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.\nThe speed of the move has been interpreted by some investors as the potential harbinger of a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.\nTwo-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.\n“Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.\nStocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&P 500 was up 26.9% year to date through Friday, while the Dow Jones Industrial Average has rallied 21.2% and the Nasdaq Composite advanced 23.9%.\nSo what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&P 500,” they said.\nIt also means that risk premium matters (see chart below).\nMORGAN STANLEY RESEARCH\n“Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2057,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848762850,"gmtCreate":1636030836434,"gmtModify":1636031195401,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"&nbsp;Thanks","listText":"&nbsp;Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848762850","repostId":"1191996183","repostType":4,"repost":{"id":"1191996183","kind":"news","pubTimestamp":1636029756,"share":"https://www.laohu8.com/m/news/1191996183?lang=zh_CN&edition=full","pubTime":"2021-11-04 20:42","market":"us","language":"en","title":"Spotify Is Looking Better Than Ever<blockquote>Spotify看起来比以往任何时候都好</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191996183","media":"Seeking Alpha","summary":"Summary\n\nPaid subscriber growth is back on track.\nPodcasts shift part of the business from a variabl","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Paid subscriber growth is back on track.</li>  <li>Podcasts shift part of the business from a variable cost structure to a fixed cost structure.</li>  <li>Ad revenue is up 75% year-over-year!</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f58dc20880972b1c81308d898c14f9ba\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Avid Photographer. Travel the world to capture moments and beautiful photos. Sony Alpha User/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>付费用户增长重回正轨。</li><li>播客将部分业务从可变成本结构转移到固定成本结构。</li><li>广告收入同比增长75%！</li></ul><p class=\"t-img-caption\"><span>狂热的摄影师。环游世界，捕捉瞬间和美丽的照片。索尼Alpha用户/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> My thesis is that the future is bright for Spotify (SPOT) as paid subscribers, gross margins and ad revenue continue with prodigious growth. CEO Daniel Ek and the rest of Spotify have ardor to be a huge part of audio as the world keeps moving towards streaming and podcasts.</p><p><blockquote>我的论点是，随着付费订户、毛利率和广告收入持续大幅增长，Spotify(SPOT)的未来是光明的。随着世界不断向流媒体和播客发展，首席执行官丹尼尔·埃克和Spotify的其他成员热衷于成为音频的重要组成部分。</blockquote></p><p> In the 3Q21 earnings&nbsp;call, CEO Ek talked about Spotify’s opportunities as the world shifts away from terrestrial radio:</p><p><blockquote>在2021年第三季度财报看涨期权中，首席执行官埃克谈到了随着世界远离地面广播而带来的机遇：</blockquote></p><p>   A good reminder,  <b>Linear Radio still has a 46% share of audio listening</b>&nbsp;in the U.S. alone, this despite consumption shifting steadily away from it. In this year,  <b>more than 60% of all audio ads spending will go to traditional radio</b>. I think this clearly shows that we have plenty of room to grow both in listening time and in our effective monetization.  At the time of this writing the exchange rate is about $1.16 per €1.</p><p><blockquote>很好的提醒，<b>线性收音机仍有46%的音频收听份额</b>仅在美国，尽管消费正在稳步远离它。在这一年里，<b>超过60%的音频广告支出将用于传统广播</b>.我认为这清楚地表明，我们在收听时间和有效货币化方面都有很大的增长空间。在撰写本文时，汇率约为1欧元兑1.16美元。</blockquote></p><p> <b>Paid Subscribers Keep Rising</b></p><p><blockquote><b>付费用户持续上升</b></blockquote></p><p> It’s a no-brainer for new subscribers to continue signing up as streaming music is one of the cheapest forms of entertainment available per the June 2021 Music is Universal&nbsp;presentation&nbsp;by Pershing Square:</p><p><blockquote>根据潘兴广场2021年6月的Music is Universal演示文稿，新订阅者继续注册是理所当然的，因为流媒体音乐是最便宜的娱乐形式之一：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fb02c3b21b98d3c77807c1dd039f633\" tg-width=\"800\" tg-height=\"571\" width=\"100%\" height=\"auto\"><span>Image Source: June 2021 Music is Universal presentation by Pershing Square</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2021年6月潘兴广场音乐是普遍呈现</span></p></blockquote></p><p> Size begets size as new streaming customers like to go with the market leader. There is no one close to Spotify in terms of paid subscribers in the audio landscape. Apple (AAPL) might be a distant number two; they are well behind and they stopped disclosing their numbers some time ago. Also, Apple’s worldwide smartphone penetration isn’t nearly as high as their U.S. level.</p><p><blockquote>规模产生规模，因为新的流媒体客户喜欢与市场领导者合作。就音频领域的付费用户而言，没有人能与Spotify相提并论。苹果（AAPL）可能远远落后于第二名；他们远远落后，他们在一段时间前停止披露他们的数字。此外，苹果的全球智能手机普及率远不及美国的水平。</blockquote></p><p> Years ago Barry McCarthy was the CFO at Netflix (NFLX) and he learned the importance of being the earlier leader in the race to acquire paid subscribers. He left Netflix with the right structure and took that knowledge to Spotify where he served as CFO, laying down a solid foundation before handing the reins to current CFO, Paul Vogel. Spotify is catching up with Netflix with respect to paid subscribers but both companies are still growing nicely which is partially due to the contributions made by former CFO McCarthy. Back in 2015, Spotify only had 37% as many subscribers as Netflix but through 3Q21 they were up to 81%. I put together a chart to help visualize the growth for both companies:</p><p><blockquote>几年前，巴里·麦卡锡(Barry McCarthy)担任Netflix(NFLX)的首席财务官，他了解到在获取付费用户的竞赛中成为早期领导者的重要性。他带着正确的结构离开了Netflix，并将这些知识带到了Spotify，在那里他担任首席财务官，在将权力移交给现任首席财务官保罗·沃格尔之前奠定了坚实的基础。Spotify在付费用户方面正在赶上Netflix，但两家公司仍在良好增长，这部分归功于前首席财务官麦卡锡的贡献。早在2015年，Spotify的用户数量仅为Netflix的37%，但通过2021年第三季度，这一比例高达81%。我整理了一张图表来帮助可视化两家公司的增长：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4899bdb38637d477621ecfa1d6c920a\" tg-width=\"784\" tg-height=\"440\" width=\"100%\" height=\"auto\"><span>Image Source: Author’s spreadsheet</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：作者电子表格</span></p></blockquote></p><p> <b>The Gross Margin Keeps Improving</b></p><p><blockquote><b>毛利率持续改善</b></blockquote></p><p> Per the 3Q21&nbsp;financial statements, Spotify’s 3Q21 gross margin was 26.7% which is a nice improvement from the 3Q20 gross margin of 24.8% below:</p><p><blockquote>根据21年第三季度财务报表，Spotify的2021年第三季度毛利率为26.7%，较2020年第三季度24.8%的毛利率有了很大改善：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa7b0f76e8b23068fd5054d67d0568a6\" tg-width=\"600\" tg-height=\"612\" width=\"100%\" height=\"auto\"><span>Image Source: 3Q21 financial statements</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2021年第三季度财务报表</span></p></blockquote></p><p> The 3Q21&nbsp;press release&nbsp;talks about this improvement:</p><p><blockquote>3 Q 21新闻稿谈到了这一改进：</blockquote></p><p></p><p>   Gross Margin finished at 26.7% in Q3, above the top end of our guidance range and reflecting nearly 200 bps of Y/Y expansion. The Gross Margin improvement reflected a favorable revenue mix shift towards podcasts, marketplace activity, improved music advertising operating leverage, and Other Cost of Revenue efficiencies (e.g. payment fees, streaming delivery costs), which were partially offset by higher non-music and other content costs and publishing rate increases. Premium Gross Margin was 29.1% in Q3, up 182 bps Y/Y, and Ad-Supported Gross Margin was 10.5% in Q3, up 993 bps Y/Y. As a reminder, all content costs related to podcast investment are included in the Ad-Supported business for the current and historical periods.  These days Netflix enjoys a gross margin north of 40% but it was down at 27.2% [$983.4 million/$3,609.3 million] for 2012 per the&nbsp;10-K&nbsp;from that year. Per the Spotify 3Q21&nbsp;financial statements, their 9M21 gross margin is 26.9% [€1,879 million/€ 6,979 million] so they’re almost up to the 2012 level at Netflix. Spotify has come a long way from their gross margin of 11.6% for 2015 in their S-1&nbsp;filing&nbsp;and they aim to keep going up to a level of 30% to 40%. CFO Paul Vogel answered a question about getting to the 40% level at the September 2021 Bank of America&nbsp;Conference. He noted that podcasts are a drag on gross margins right now but said that will flip as the business matures and they have more of a fixed cost structure than a variable cost structure:</p><p><blockquote>第三季度毛利率为26.7%，高于我们指导范围的上限，反映出同比增长近200个基点。毛利率的改善反映了有利的收入组合向播客、市场活动、音乐广告运营杠杆的提高以及其他收入效率成本（例如支付费用、流媒体交付成本）的转变，这些成本被更高的非音乐和其他内容部分抵消成本和出版率的增加。第三季度保费毛利率为29.1%，同比增长182个基点，第三季度广告支持毛利率为10.5%，同比增长993个基点。提醒一下，所有与播客投资相关的内容成本都包含在当前和历史时期的广告支持业务中。如今，网飞的毛利率超过40%，但2012年每10-K的毛利率较当年下降至27.2%（9.834亿美元/36.093亿美元）。根据Spotify 21年第三季度的财务报表，他们21年前9个月的毛利率为26.9%【€18.79亿英镑/€69.79亿英镑】，因此他们几乎达到了网飞2012年的水平。Spotify在S-1文件中的2015年毛利率为11.6%，已经取得了长足的进步，他们的目标是继续提高到30%至40%的水平。首席财务官Paul Vogel在2021年9月的美国银行会议上回答了有关达到40%水平的问题。他指出，播客目前拖累了毛利率，但表示随着业务的成熟，这种情况将会发生转变，而且它们的固定成本结构比可变成本结构更多：</blockquote></p><p>   One is, we think advertising is going to continue to grow, continue to be a bigger part of our business. Right now, it’s 10% of our business. We think there’s opportunity to improve the ad margins on the music side alone, because right now they’re lower than their premium side. We think there’s an opportunity there. And then you delve into the podcasting side where, as you said,  <b>as more and more of our business can move over to a fixed cost nature versus variable costs nature, we think there’s a big opportunity to grow gross margin</b>, on top of the podcasting business, and we sort of modeled that over a long period of time. And even though&nbsp;  <b>right now, the podcast business is actually a drag on gross margins</b>. We think over time, that will flip and will be a benefit to gross margins, if not a significant benefit to the gross margin.  <b>Ad Dollars Are Increasing</b></p><p><blockquote>一是，我们认为广告将继续增长，继续成为我们业务的重要组成部分。目前，它占我们业务的10%。我们认为仅音乐方面的广告利润率就有机会提高，因为目前它们低于优质方面。我们认为那里有机会。然后你深入到播客方面，就像你说的，<b>随着我们越来越多的业务转向固定成本性质而不是可变成本性质，我们认为毛利率有很大的增长机会</b>在播客业务之上，我们在很长一段时间内对其进行了建模。尽管<b>目前，播客业务实际上拖累了毛利率</b>.我们认为，随着时间的推移，这种情况将会发生逆转，即使对毛利率没有显着好处，也会对毛利率有利。<b>广告费用不断增加</b></blockquote></p><p> Quarterly ad revenue grew 75% year-over-year:</p><p><blockquote>季度广告收入同比增长75%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/813c508a4233806d0b0c40878e880126\" tg-width=\"600\" tg-height=\"405\" width=\"100%\" height=\"auto\"><span>Image Source: 3Q21 financial statements</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2021年第三季度财务报表</span></p></blockquote></p><p> Podcasts are a key part of ad revenue and the progress in this area was illustrated in the 3Q21 earnings call:</p><p><blockquote>播客是广告收入的关键部分，2021年第三季度收益看涨期权说明了该领域的进展：</blockquote></p><p>   We started our journey&nbsp;  <b>3 years ago in podcasting with a catalog of about 185,000 podcasts</b>. And we were really nowhere compared to the largest players in the industry.  <b>Today, we have 3.2 million podcasts</b>on the platform, a growth rate of over 1,500%. But despite the fact that we're still a relatively new entrant, previous data indicated we have become the top platform for podcast consumption, in 60-plus countries. And now, according to Edison research and our own internal sources, we recently became&nbsp;  <b>the number one podcast platform U.S. listeners use the most</b>.  In the 3Q21 earnings call, it was noted that advertising revenues as a percentage of total revenues hit 13%. A question was asked by Rich Greenfield about the mix of revenues in five years and that mix shift impacting margins. CEO Daniel Ek answered by saying advertising should eventually be at least 20% of revenues and maybe even more than 40% of revenues in 5 to 10 years:</p><p><blockquote>我们开始了旅程<b>3年前在播客中拥有约185,000个播客的目录</b>.与业内最大的参与者相比，我们真的一文不值。<b>今天，我们有320万个播客</b>在平台上，增长率超过1500%。尽管我们仍然是一个相对较新的进入者，但之前的数据表明，我们已经成为60多个国家播客消费的顶级平台。而现在，根据Edison research和我们自己的内部消息，我们最近成为<b>美国听众使用最多的头号播客平台</b>.在2021年第三季度的盈利看涨期权中，广告收入占总收入的比例达到13%。Rich Greenfield提出了一个关于五年后收入组合以及组合变化影响利润率的问题。首席执行官Daniel Ek回应称，广告最终应该至少占收入的20%，甚至可能在5到10年内超过收入的40%：</blockquote></p><p>   Maybe I'll talk about the size of this and Paul can chime in on the impact on margins. I'm really excited about ads. I think we have had a tremendous quarter with 75% growth year-over-year.  <b>But this is just the beginning, as I stated in my opening remarks. Long term, I believe at the very least, this should be 20% of our revenues. But it might possibly be a lot more than that 30%, 40% even over the next 5 to 10 years.</b>We're very excited about this being the second big revenue driver for Spotify and are obviously investing behind that both in product and platform improvements, but also as you may have read in hiring staff across the world that helps service these advertisers.  CFO Vogel chimed in on the mix of revenues question with some answers as well, noting that margins were up almost 1,000 basis points on the ad side:</p><p><blockquote>也许我会谈谈这个问题的规模，保罗可以插话对利润率的影响。我真的对广告感到兴奋。我认为我们度过了一个巨大的季度，同比增长了75%。<b>但正如我在开场白中所说，这只是一个开始。从长远来看，我相信这至少应该占我们收入的20%。但在未来5到10年内，这一数字可能会远高于30%、40%。</b>我们对这成为Spotify的第二大收入驱动力感到非常兴奋，显然我们正在投资于产品和平台改进，而且正如您可能在世界各地招聘员工来帮助服务这些广告商时读到的那样。首席财务官Vogel插话了收入组合问题并给出了一些答案，并指出广告方面的利润率增长了近1,000个基点：</blockquote></p><p></p><p>   And then from advertising generals, as Daniel said, it was up 75% in the quarter. We saw really nice, healthy gains on the music side. It was up significantly on the advertising side. And then podcasts advertising growth was in the triple digits. So we're seeing it across the board. What's really interesting is that the increased inventory is bringing increased demand. The demand is really high across all of our products. Podcasting is helping significantly on that. And then from a margin standpoint, obviously, the podcasting margin is helpful over time. We think having a fixed cost nature of the podcasting business and being able to grow that advertising will help margins. But additionally, just bringing more advertising into the platform, we're seeing the free music margins move up as well as you guys are aware, our free music margins are below our premium music margin. So to the extent that we can drive incremental advertising across not just podcasting, but music in general, that will help margins as well.  <b>Valuation</b></p><p><blockquote>正如丹尼尔所说，广告将军在本季度增长了75%。我们在音乐方面看到了非常好、健康的进步。广告方面大幅上涨。然后播客广告增长达到了三位数。所以我们看到了全面的情况。真正有趣的是，库存的增加带来了需求的增加。我们所有产品的需求都很高。播客在这方面有很大的帮助。从利润的角度来看，显然，随着时间的推移，播客利润是有帮助的。我们认为播客业务具有固定成本性质并能够增加广告将有助于提高利润率。但此外，只要将更多广告引入平台，我们就会看到免费音乐利润率上升，正如你们所知，我们的免费音乐利润率低于我们的优质音乐利润率。因此，在某种程度上，我们不仅可以在播客上，还可以在音乐上推动增量广告，这也将有助于提高利润率。<b>估值</b></blockquote></p><p> In my March&nbsp;article, I thought Spotify was worth about $55 billion. Some of the numbers coming in since that time have been even better than expected. Also, management has increased the bottom end of the range for 4Q21 total revenue and gross margin. I now think Spotify is worth close to $60 billion. Today’s market cap is $58 billion based on the November 2nd share price of $298.08 and the 194,614,910 share count as of September 30, 2021 in the 2Q21 6-K&nbsp;filing. The enterprise value is fairly close to the market cap and I believe the stock is reasonably priced for the long run.</p><p><blockquote>在我3月份的文章中，我认为Spotify的价值约为550亿美元。从那时起，一些数据甚至比预期的还要好。此外，管理层还提高了2021年第四季度总收入和毛利率范围的下限。我现在认为Spotify的价值接近600亿美元。根据2021年第二季度6-K文件中11月2日298.08美元的股价和截至2021年9月30日的194,614,910股数量，今天的市值为580亿美元。企业价值相当接近市值，我相信从长远来看，该股票的定价是合理的。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Spotify Is Looking Better Than Ever<blockquote>Spotify看起来比以往任何时候都好</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\">\nSpotify Is Looking Better Than Ever<blockquote>Spotify看起来比以往任何时候都好</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-04 20:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Paid subscriber growth is back on track.</li>  <li>Podcasts shift part of the business from a variable cost structure to a fixed cost structure.</li>  <li>Ad revenue is up 75% year-over-year!</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f58dc20880972b1c81308d898c14f9ba\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Avid Photographer. Travel the world to capture moments and beautiful photos. Sony Alpha User/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>付费用户增长重回正轨。</li><li>播客将部分业务从可变成本结构转移到固定成本结构。</li><li>广告收入同比增长75%！</li></ul><p class=\"t-img-caption\"><span>狂热的摄影师。环游世界，捕捉瞬间和美丽的照片。索尼Alpha用户/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> My thesis is that the future is bright for Spotify (SPOT) as paid subscribers, gross margins and ad revenue continue with prodigious growth. CEO Daniel Ek and the rest of Spotify have ardor to be a huge part of audio as the world keeps moving towards streaming and podcasts.</p><p><blockquote>我的论点是，随着付费订户、毛利率和广告收入持续大幅增长，Spotify(SPOT)的未来是光明的。随着世界不断向流媒体和播客发展，首席执行官丹尼尔·埃克和Spotify的其他成员热衷于成为音频的重要组成部分。</blockquote></p><p> In the 3Q21 earnings&nbsp;call, CEO Ek talked about Spotify’s opportunities as the world shifts away from terrestrial radio:</p><p><blockquote>在2021年第三季度财报看涨期权中，首席执行官埃克谈到了随着世界远离地面广播而带来的机遇：</blockquote></p><p>   A good reminder,  <b>Linear Radio still has a 46% share of audio listening</b>&nbsp;in the U.S. alone, this despite consumption shifting steadily away from it. In this year,  <b>more than 60% of all audio ads spending will go to traditional radio</b>. I think this clearly shows that we have plenty of room to grow both in listening time and in our effective monetization.  At the time of this writing the exchange rate is about $1.16 per €1.</p><p><blockquote>很好的提醒，<b>线性收音机仍有46%的音频收听份额</b>仅在美国，尽管消费正在稳步远离它。在这一年里，<b>超过60%的音频广告支出将用于传统广播</b>.我认为这清楚地表明，我们在收听时间和有效货币化方面都有很大的增长空间。在撰写本文时，汇率约为1欧元兑1.16美元。</blockquote></p><p> <b>Paid Subscribers Keep Rising</b></p><p><blockquote><b>付费用户持续上升</b></blockquote></p><p> It’s a no-brainer for new subscribers to continue signing up as streaming music is one of the cheapest forms of entertainment available per the June 2021 Music is Universal&nbsp;presentation&nbsp;by Pershing Square:</p><p><blockquote>根据潘兴广场2021年6月的Music is Universal演示文稿，新订阅者继续注册是理所当然的，因为流媒体音乐是最便宜的娱乐形式之一：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fb02c3b21b98d3c77807c1dd039f633\" tg-width=\"800\" tg-height=\"571\" width=\"100%\" height=\"auto\"><span>Image Source: June 2021 Music is Universal presentation by Pershing Square</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2021年6月潘兴广场音乐是普遍呈现</span></p></blockquote></p><p> Size begets size as new streaming customers like to go with the market leader. There is no one close to Spotify in terms of paid subscribers in the audio landscape. Apple (AAPL) might be a distant number two; they are well behind and they stopped disclosing their numbers some time ago. Also, Apple’s worldwide smartphone penetration isn’t nearly as high as their U.S. level.</p><p><blockquote>规模产生规模，因为新的流媒体客户喜欢与市场领导者合作。就音频领域的付费用户而言，没有人能与Spotify相提并论。苹果（AAPL）可能远远落后于第二名；他们远远落后，他们在一段时间前停止披露他们的数字。此外，苹果的全球智能手机普及率远不及美国的水平。</blockquote></p><p> Years ago Barry McCarthy was the CFO at Netflix (NFLX) and he learned the importance of being the earlier leader in the race to acquire paid subscribers. He left Netflix with the right structure and took that knowledge to Spotify where he served as CFO, laying down a solid foundation before handing the reins to current CFO, Paul Vogel. Spotify is catching up with Netflix with respect to paid subscribers but both companies are still growing nicely which is partially due to the contributions made by former CFO McCarthy. Back in 2015, Spotify only had 37% as many subscribers as Netflix but through 3Q21 they were up to 81%. I put together a chart to help visualize the growth for both companies:</p><p><blockquote>几年前，巴里·麦卡锡(Barry McCarthy)担任Netflix(NFLX)的首席财务官，他了解到在获取付费用户的竞赛中成为早期领导者的重要性。他带着正确的结构离开了Netflix，并将这些知识带到了Spotify，在那里他担任首席财务官，在将权力移交给现任首席财务官保罗·沃格尔之前奠定了坚实的基础。Spotify在付费用户方面正在赶上Netflix，但两家公司仍在良好增长，这部分归功于前首席财务官麦卡锡的贡献。早在2015年，Spotify的用户数量仅为Netflix的37%，但通过2021年第三季度，这一比例高达81%。我整理了一张图表来帮助可视化两家公司的增长：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4899bdb38637d477621ecfa1d6c920a\" tg-width=\"784\" tg-height=\"440\" width=\"100%\" height=\"auto\"><span>Image Source: Author’s spreadsheet</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：作者电子表格</span></p></blockquote></p><p> <b>The Gross Margin Keeps Improving</b></p><p><blockquote><b>毛利率持续改善</b></blockquote></p><p> Per the 3Q21&nbsp;financial statements, Spotify’s 3Q21 gross margin was 26.7% which is a nice improvement from the 3Q20 gross margin of 24.8% below:</p><p><blockquote>根据21年第三季度财务报表，Spotify的2021年第三季度毛利率为26.7%，较2020年第三季度24.8%的毛利率有了很大改善：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa7b0f76e8b23068fd5054d67d0568a6\" tg-width=\"600\" tg-height=\"612\" width=\"100%\" height=\"auto\"><span>Image Source: 3Q21 financial statements</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2021年第三季度财务报表</span></p></blockquote></p><p> The 3Q21&nbsp;press release&nbsp;talks about this improvement:</p><p><blockquote>3 Q 21新闻稿谈到了这一改进：</blockquote></p><p></p><p>   Gross Margin finished at 26.7% in Q3, above the top end of our guidance range and reflecting nearly 200 bps of Y/Y expansion. The Gross Margin improvement reflected a favorable revenue mix shift towards podcasts, marketplace activity, improved music advertising operating leverage, and Other Cost of Revenue efficiencies (e.g. payment fees, streaming delivery costs), which were partially offset by higher non-music and other content costs and publishing rate increases. Premium Gross Margin was 29.1% in Q3, up 182 bps Y/Y, and Ad-Supported Gross Margin was 10.5% in Q3, up 993 bps Y/Y. As a reminder, all content costs related to podcast investment are included in the Ad-Supported business for the current and historical periods.  These days Netflix enjoys a gross margin north of 40% but it was down at 27.2% [$983.4 million/$3,609.3 million] for 2012 per the&nbsp;10-K&nbsp;from that year. Per the Spotify 3Q21&nbsp;financial statements, their 9M21 gross margin is 26.9% [€1,879 million/€ 6,979 million] so they’re almost up to the 2012 level at Netflix. Spotify has come a long way from their gross margin of 11.6% for 2015 in their S-1&nbsp;filing&nbsp;and they aim to keep going up to a level of 30% to 40%. CFO Paul Vogel answered a question about getting to the 40% level at the September 2021 Bank of America&nbsp;Conference. He noted that podcasts are a drag on gross margins right now but said that will flip as the business matures and they have more of a fixed cost structure than a variable cost structure:</p><p><blockquote>第三季度毛利率为26.7%，高于我们指导范围的上限，反映出同比增长近200个基点。毛利率的改善反映了有利的收入组合向播客、市场活动、音乐广告运营杠杆的提高以及其他收入效率成本（例如支付费用、流媒体交付成本）的转变，这些成本被更高的非音乐和其他内容部分抵消成本和出版率的增加。第三季度保费毛利率为29.1%，同比增长182个基点，第三季度广告支持毛利率为10.5%，同比增长993个基点。提醒一下，所有与播客投资相关的内容成本都包含在当前和历史时期的广告支持业务中。如今，网飞的毛利率超过40%，但2012年每10-K的毛利率较当年下降至27.2%（9.834亿美元/36.093亿美元）。根据Spotify 21年第三季度的财务报表，他们21年前9个月的毛利率为26.9%【€18.79亿英镑/€69.79亿英镑】，因此他们几乎达到了网飞2012年的水平。Spotify在S-1文件中的2015年毛利率为11.6%，已经取得了长足的进步，他们的目标是继续提高到30%至40%的水平。首席财务官Paul Vogel在2021年9月的美国银行会议上回答了有关达到40%水平的问题。他指出，播客目前拖累了毛利率，但表示随着业务的成熟，这种情况将会发生转变，而且它们的固定成本结构比可变成本结构更多：</blockquote></p><p>   One is, we think advertising is going to continue to grow, continue to be a bigger part of our business. Right now, it’s 10% of our business. We think there’s opportunity to improve the ad margins on the music side alone, because right now they’re lower than their premium side. We think there’s an opportunity there. And then you delve into the podcasting side where, as you said,  <b>as more and more of our business can move over to a fixed cost nature versus variable costs nature, we think there’s a big opportunity to grow gross margin</b>, on top of the podcasting business, and we sort of modeled that over a long period of time. And even though&nbsp;  <b>right now, the podcast business is actually a drag on gross margins</b>. We think over time, that will flip and will be a benefit to gross margins, if not a significant benefit to the gross margin.  <b>Ad Dollars Are Increasing</b></p><p><blockquote>一是，我们认为广告将继续增长，继续成为我们业务的重要组成部分。目前，它占我们业务的10%。我们认为仅音乐方面的广告利润率就有机会提高，因为目前它们低于优质方面。我们认为那里有机会。然后你深入到播客方面，就像你说的，<b>随着我们越来越多的业务转向固定成本性质而不是可变成本性质，我们认为毛利率有很大的增长机会</b>在播客业务之上，我们在很长一段时间内对其进行了建模。尽管<b>目前，播客业务实际上拖累了毛利率</b>.我们认为，随着时间的推移，这种情况将会发生逆转，即使对毛利率没有显着好处，也会对毛利率有利。<b>广告费用不断增加</b></blockquote></p><p> Quarterly ad revenue grew 75% year-over-year:</p><p><blockquote>季度广告收入同比增长75%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/813c508a4233806d0b0c40878e880126\" tg-width=\"600\" tg-height=\"405\" width=\"100%\" height=\"auto\"><span>Image Source: 3Q21 financial statements</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2021年第三季度财务报表</span></p></blockquote></p><p> Podcasts are a key part of ad revenue and the progress in this area was illustrated in the 3Q21 earnings call:</p><p><blockquote>播客是广告收入的关键部分，2021年第三季度收益看涨期权说明了该领域的进展：</blockquote></p><p>   We started our journey&nbsp;  <b>3 years ago in podcasting with a catalog of about 185,000 podcasts</b>. And we were really nowhere compared to the largest players in the industry.  <b>Today, we have 3.2 million podcasts</b>on the platform, a growth rate of over 1,500%. But despite the fact that we're still a relatively new entrant, previous data indicated we have become the top platform for podcast consumption, in 60-plus countries. And now, according to Edison research and our own internal sources, we recently became&nbsp;  <b>the number one podcast platform U.S. listeners use the most</b>.  In the 3Q21 earnings call, it was noted that advertising revenues as a percentage of total revenues hit 13%. A question was asked by Rich Greenfield about the mix of revenues in five years and that mix shift impacting margins. CEO Daniel Ek answered by saying advertising should eventually be at least 20% of revenues and maybe even more than 40% of revenues in 5 to 10 years:</p><p><blockquote>我们开始了旅程<b>3年前在播客中拥有约185,000个播客的目录</b>.与业内最大的参与者相比，我们真的一文不值。<b>今天，我们有320万个播客</b>在平台上，增长率超过1500%。尽管我们仍然是一个相对较新的进入者，但之前的数据表明，我们已经成为60多个国家播客消费的顶级平台。而现在，根据Edison research和我们自己的内部消息，我们最近成为<b>美国听众使用最多的头号播客平台</b>.在2021年第三季度的盈利看涨期权中，广告收入占总收入的比例达到13%。Rich Greenfield提出了一个关于五年后收入组合以及组合变化影响利润率的问题。首席执行官Daniel Ek回应称，广告最终应该至少占收入的20%，甚至可能在5到10年内超过收入的40%：</blockquote></p><p>   Maybe I'll talk about the size of this and Paul can chime in on the impact on margins. I'm really excited about ads. I think we have had a tremendous quarter with 75% growth year-over-year.  <b>But this is just the beginning, as I stated in my opening remarks. Long term, I believe at the very least, this should be 20% of our revenues. But it might possibly be a lot more than that 30%, 40% even over the next 5 to 10 years.</b>We're very excited about this being the second big revenue driver for Spotify and are obviously investing behind that both in product and platform improvements, but also as you may have read in hiring staff across the world that helps service these advertisers.  CFO Vogel chimed in on the mix of revenues question with some answers as well, noting that margins were up almost 1,000 basis points on the ad side:</p><p><blockquote>也许我会谈谈这个问题的规模，保罗可以插话对利润率的影响。我真的对广告感到兴奋。我认为我们度过了一个巨大的季度，同比增长了75%。<b>但正如我在开场白中所说，这只是一个开始。从长远来看，我相信这至少应该占我们收入的20%。但在未来5到10年内，这一数字可能会远高于30%、40%。</b>我们对这成为Spotify的第二大收入驱动力感到非常兴奋，显然我们正在投资于产品和平台改进，而且正如您可能在世界各地招聘员工来帮助服务这些广告商时读到的那样。首席财务官Vogel插话了收入组合问题并给出了一些答案，并指出广告方面的利润率增长了近1,000个基点：</blockquote></p><p></p><p>   And then from advertising generals, as Daniel said, it was up 75% in the quarter. We saw really nice, healthy gains on the music side. It was up significantly on the advertising side. And then podcasts advertising growth was in the triple digits. So we're seeing it across the board. What's really interesting is that the increased inventory is bringing increased demand. The demand is really high across all of our products. Podcasting is helping significantly on that. And then from a margin standpoint, obviously, the podcasting margin is helpful over time. We think having a fixed cost nature of the podcasting business and being able to grow that advertising will help margins. But additionally, just bringing more advertising into the platform, we're seeing the free music margins move up as well as you guys are aware, our free music margins are below our premium music margin. So to the extent that we can drive incremental advertising across not just podcasting, but music in general, that will help margins as well.  <b>Valuation</b></p><p><blockquote>正如丹尼尔所说，广告将军在本季度增长了75%。我们在音乐方面看到了非常好、健康的进步。广告方面大幅上涨。然后播客广告增长达到了三位数。所以我们看到了全面的情况。真正有趣的是，库存的增加带来了需求的增加。我们所有产品的需求都很高。播客在这方面有很大的帮助。从利润的角度来看，显然，随着时间的推移，播客利润是有帮助的。我们认为播客业务具有固定成本性质并能够增加广告将有助于提高利润率。但此外，只要将更多广告引入平台，我们就会看到免费音乐利润率上升，正如你们所知，我们的免费音乐利润率低于我们的优质音乐利润率。因此，在某种程度上，我们不仅可以在播客上，还可以在音乐上推动增量广告，这也将有助于提高利润率。<b>估值</b></blockquote></p><p> In my March&nbsp;article, I thought Spotify was worth about $55 billion. Some of the numbers coming in since that time have been even better than expected. Also, management has increased the bottom end of the range for 4Q21 total revenue and gross margin. I now think Spotify is worth close to $60 billion. Today’s market cap is $58 billion based on the November 2nd share price of $298.08 and the 194,614,910 share count as of September 30, 2021 in the 2Q21 6-K&nbsp;filing. The enterprise value is fairly close to the market cap and I believe the stock is reasonably priced for the long run.</p><p><blockquote>在我3月份的文章中，我认为Spotify的价值约为550亿美元。从那时起，一些数据甚至比预期的还要好。此外，管理层还提高了2021年第四季度总收入和毛利率范围的下限。我现在认为Spotify的价值接近600亿美元。根据2021年第二季度6-K文件中11月2日298.08美元的股价和截至2021年9月30日的194,614,910股数量，今天的市值为580亿美元。企业价值相当接近市值，我相信从长远来看，该股票的定价是合理的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4465297-spotify-stock-paid-subscriber-growth-back-on-track\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPOT":"Spotify Technology S.A."},"source_url":"https://seekingalpha.com/article/4465297-spotify-stock-paid-subscriber-growth-back-on-track","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191996183","content_text":"Summary\n\nPaid subscriber growth is back on track.\nPodcasts shift part of the business from a variable cost structure to a fixed cost structure.\nAd revenue is up 75% year-over-year!\n\nAvid Photographer. Travel the world to capture moments and beautiful photos. Sony Alpha User/iStock Editorial via Getty Images\nIntroduction\nMy thesis is that the future is bright for Spotify (SPOT) as paid subscribers, gross margins and ad revenue continue with prodigious growth. CEO Daniel Ek and the rest of Spotify have ardor to be a huge part of audio as the world keeps moving towards streaming and podcasts.\nIn the 3Q21 earnings call, CEO Ek talked about Spotify’s opportunities as the world shifts away from terrestrial radio:\n\n A good reminder,\n Linear Radio still has a 46% share of audio listening in the U.S. alone, this despite consumption shifting steadily away from it. In this year,\n more than 60% of all audio ads spending will go to traditional radio. I think this clearly shows that we have plenty of room to grow both in listening time and in our effective monetization.\n\nAt the time of this writing the exchange rate is about $1.16 per €1.\nPaid Subscribers Keep Rising\nIt’s a no-brainer for new subscribers to continue signing up as streaming music is one of the cheapest forms of entertainment available per the June 2021 Music is Universal presentation by Pershing Square:\nImage Source: June 2021 Music is Universal presentation by Pershing Square\nSize begets size as new streaming customers like to go with the market leader. There is no one close to Spotify in terms of paid subscribers in the audio landscape. Apple (AAPL) might be a distant number two; they are well behind and they stopped disclosing their numbers some time ago. Also, Apple’s worldwide smartphone penetration isn’t nearly as high as their U.S. level.\nYears ago Barry McCarthy was the CFO at Netflix (NFLX) and he learned the importance of being the earlier leader in the race to acquire paid subscribers. He left Netflix with the right structure and took that knowledge to Spotify where he served as CFO, laying down a solid foundation before handing the reins to current CFO, Paul Vogel. Spotify is catching up with Netflix with respect to paid subscribers but both companies are still growing nicely which is partially due to the contributions made by former CFO McCarthy. Back in 2015, Spotify only had 37% as many subscribers as Netflix but through 3Q21 they were up to 81%. I put together a chart to help visualize the growth for both companies:\nImage Source: Author’s spreadsheet\nThe Gross Margin Keeps Improving\nPer the 3Q21 financial statements, Spotify’s 3Q21 gross margin was 26.7% which is a nice improvement from the 3Q20 gross margin of 24.8% below:\nImage Source: 3Q21 financial statements\nThe 3Q21 press release talks about this improvement:\n\n Gross Margin finished at 26.7% in Q3, above the top end of our guidance range and reflecting nearly 200 bps of Y/Y expansion. The Gross Margin improvement reflected a favorable revenue mix shift towards podcasts, marketplace activity, improved music advertising operating leverage, and Other Cost of Revenue efficiencies (e.g. payment fees, streaming delivery costs), which were partially offset by higher non-music and other content costs and publishing rate increases. Premium Gross Margin was 29.1% in Q3, up 182 bps Y/Y, and Ad-Supported Gross Margin was 10.5% in Q3, up 993 bps Y/Y. As a reminder, all content costs related to podcast investment are included in the Ad-Supported business for the current and historical periods.\n\nThese days Netflix enjoys a gross margin north of 40% but it was down at 27.2% [$983.4 million/$3,609.3 million] for 2012 per the 10-K from that year. Per the Spotify 3Q21 financial statements, their 9M21 gross margin is 26.9% [€1,879 million/€ 6,979 million] so they’re almost up to the 2012 level at Netflix. Spotify has come a long way from their gross margin of 11.6% for 2015 in their S-1 filing and they aim to keep going up to a level of 30% to 40%. CFO Paul Vogel answered a question about getting to the 40% level at the September 2021 Bank of America Conference. He noted that podcasts are a drag on gross margins right now but said that will flip as the business matures and they have more of a fixed cost structure than a variable cost structure:\n\n One is, we think advertising is going to continue to grow, continue to be a bigger part of our business. Right now, it’s 10% of our business. We think there’s opportunity to improve the ad margins on the music side alone, because right now they’re lower than their premium side. We think there’s an opportunity there. And then you delve into the podcasting side where, as you said,\n as more and more of our business can move over to a fixed cost nature versus variable costs nature, we think there’s a big opportunity to grow gross margin, on top of the podcasting business, and we sort of modeled that over a long period of time. And even though \n right now, the podcast business is actually a drag on gross margins. We think over time, that will flip and will be a benefit to gross margins, if not a significant benefit to the gross margin.\n\nAd Dollars Are Increasing\nQuarterly ad revenue grew 75% year-over-year:\nImage Source: 3Q21 financial statements\nPodcasts are a key part of ad revenue and the progress in this area was illustrated in the 3Q21 earnings call:\n\n We started our journey \n 3 years ago in podcasting with a catalog of about 185,000 podcasts. And we were really nowhere compared to the largest players in the industry.\n Today, we have 3.2 million podcastson the platform, a growth rate of over 1,500%. But despite the fact that we're still a relatively new entrant, previous data indicated we have become the top platform for podcast consumption, in 60-plus countries. And now, according to Edison research and our own internal sources, we recently became \n the number one podcast platform U.S. listeners use the most.\n\nIn the 3Q21 earnings call, it was noted that advertising revenues as a percentage of total revenues hit 13%. A question was asked by Rich Greenfield about the mix of revenues in five years and that mix shift impacting margins. CEO Daniel Ek answered by saying advertising should eventually be at least 20% of revenues and maybe even more than 40% of revenues in 5 to 10 years:\n\n Maybe I'll talk about the size of this and Paul can chime in on the impact on margins. I'm really excited about ads. I think we have had a tremendous quarter with 75% growth year-over-year.\n But this is just the beginning, as I stated in my opening remarks. Long term, I believe at the very least, this should be 20% of our revenues. But it might possibly be a lot more than that 30%, 40% even over the next 5 to 10 years.We're very excited about this being the second big revenue driver for Spotify and are obviously investing behind that both in product and platform improvements, but also as you may have read in hiring staff across the world that helps service these advertisers.\n\nCFO Vogel chimed in on the mix of revenues question with some answers as well, noting that margins were up almost 1,000 basis points on the ad side:\n\n And then from advertising generals, as Daniel said, it was up 75% in the quarter. We saw really nice, healthy gains on the music side. It was up significantly on the advertising side. And then podcasts advertising growth was in the triple digits. So we're seeing it across the board. What's really interesting is that the increased inventory is bringing increased demand. The demand is really high across all of our products. Podcasting is helping significantly on that. And then from a margin standpoint, obviously, the podcasting margin is helpful over time. We think having a fixed cost nature of the podcasting business and being able to grow that advertising will help margins. But additionally, just bringing more advertising into the platform, we're seeing the free music margins move up as well as you guys are aware, our free music margins are below our premium music margin. So to the extent that we can drive incremental advertising across not just podcasting, but music in general, that will help margins as well.\n\nValuation\nIn my March article, I thought Spotify was worth about $55 billion. Some of the numbers coming in since that time have been even better than expected. Also, management has increased the bottom end of the range for 4Q21 total revenue and gross margin. I now think Spotify is worth close to $60 billion. Today’s market cap is $58 billion based on the November 2nd share price of $298.08 and the 194,614,910 share count as of September 30, 2021 in the 2Q21 6-K filing. The enterprise value is fairly close to the market cap and I believe the stock is reasonably priced for the long run.","news_type":1,"symbols_score_info":{"SPOT":0.9}},"isVote":1,"tweetType":1,"viewCount":2759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848766494,"gmtCreate":1636030784367,"gmtModify":1636030784918,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/848766494","repostId":"1158417116","repostType":4,"repost":{"id":"1158417116","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636027483,"share":"https://www.laohu8.com/m/news/1158417116?lang=zh_CN&edition=full","pubTime":"2021-11-04 20:04","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158417116","media":"Tiger Newspress","summary":"The S&P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.At 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.Tesla Inc added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner A","content":"<p>The S&amp;P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.</p><p><blockquote>标普500和纳斯达克期货周四创下历史新高，受到一系列出色收益报告的支撑，投资者对美联储开始削减大流行时期支持的第一步不屑一顾。</blockquote></p><p> At 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&amp;P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.</p><p><blockquote>截至美国东部时间上午8:00，道指e-mini下跌17点，跌幅0.05%，标普500 e-mini上涨5.25点，跌幅0.11%，纳斯达克100 e-mini上涨60.5点，跌幅0.38%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/34b82a3a6bcc1b43dfa28ebacdf9efcb\" tg-width=\"1080\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Tesla Inc&nbsp;added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner Alphabet Inc, Amazon.com&nbsp;and Meta Platforms&nbsp;also edged higher.</p><p><blockquote>特斯拉公司上涨1.9%，开盘创下历史新高，而其他大型科技巨头微软公司、谷歌母公司Alphabet公司、Amazon.com和Meta Platforms也小幅走高。</blockquote></p><p> The U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.</p><p><blockquote>上周美国失业状况再次改善，首次申请失业保险的人数降至大流行时代的另一个低点。截至10月30日当周，首次申请失业救济人数降至269,000人，较上一期减少14,000人，好于道琼斯劳工部周四报告称，预计为275,000人。</blockquote></p><p> Continuing state jobless claims fall 134,000 to 2.1million;U.S. productivity sinks 5% in third quarter;U.S. trade gap widens to record $80.9 billion in September from revised $72.8 billion in prior month;U.S. output rises 1.7% in third quarter, hours worked jump 7%;U.S. unit-labor costs surge 8.3% in the third quarter.</p><p><blockquote>持续申请失业救济人数下降13.4万人，至210万人；美国第三季度生产率下降5%；美国9月份贸易逆差从上月修正后的728亿美元扩大至创纪录的809亿美元；美国第三季度产出增长1.7%，工作时间增长7%；美国第三季度单位劳动力成本飙升8.3%。</blockquote></p><p> <b>Stocks making the biggest moves premarket: </b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Moderna(MRNA)</b> – Moderna tumbled 11.5% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.</p><p><blockquote><b>现代（MRNA）</b>-Moderna在盘前股价下跌11.5%，此前该制药商的盈利和收入季度均出现短缺，并下调了全年盈利预期。Moderna最近一个季度的每股收益为7.70美元，而市场普遍预期为9.05美元。</blockquote></p><p> <b>Merck(MRK)&nbsp;</b>–&nbsp;Britain became the first country to approve Merck &amp; Co’s Covid-19 antiviral pill, with the nation’s drug regulator describing the treatment as safe and effective.Merck shares rose 3.2% in premarket U.S. trading.</p><p><blockquote><b>默克(MRK)</b>-英国成为第一个批准默克公司Covid-19抗病毒药物的国家，该国药品监管机构称该治疗方法安全有效。默克股价在美国盘前交易中上涨3.2%。</blockquote></p><p> <b>Roku(ROKU) </b>– Roku shares slid 7.4% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.</p><p><blockquote><b>Roku(Roku)</b>-尽管盈利超出预期，Roku股价在盘前交易中仍下跌7.4%。这家视频流媒体设备制造商最近一个季度的每股收益为48美分，远高于市场普遍预期的6美分，但收入低于预期，该公司发布了低于预期的假日季度收入预测。</blockquote></p><p> <b>Qualcomm(QCOM)</b> – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 9.6% in premarket trading.</p><p><blockquote><b>高通(QCOM)</b>-高通调整后季度收益为每股2.55美元，超出预期29美分，这家芯片制造商的营收也超出预期。高通还预测，在5G智能手机技术需求的推动下，将出现强劲增长。股价在盘前交易中上涨9.6%。</blockquote></p><p> <b>Electronic Arts(EA)</b> – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.</p><p><blockquote><b>电子艺界(EA)</b>-艺电公布调整后季度利润为每股1.49美元，市场普遍预期为1.17美元。这家视频游戏制造商的营收也有所增长。由于体育主题游戏表现强劲，艺电还上调了全年预期。Electronic Arts盘前股价上涨2.9%。</blockquote></p><p> <b>Take-Two Interactive(TTWO)</b> – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 3.1% in premarket action.</p><p><blockquote><b>Take-Two互动(TTWO)</b>-Take-Two的季度表现与竞争对手艺电(Electronic Arts)相似，营收和利润均超出预期，并上调了前景。Take-Two公布调整后每股收益为1.63美元，超出市场普遍预期的1.34美元，其股价在盘前上涨3.1%。</blockquote></p><p> <b>Etsy(ETSY)</b> – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.Etsy&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in premarket trading.</p><p><blockquote><b>Etsy(ETSY)</b>–在线工艺品市场发布的本季度收入指引弱于预期，尽管最近一个季度的收入指引确实超出了预期，比预期高出8美分，每股收益为62美分。Etsy股价在盘前交易中下跌1%。</blockquote></p><p> <b>MGM Resorts(MGM)</b> – MGM rallied 2.4% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.</p><p><blockquote><b>美高梅度假村(MGM)</b>-米高梅宣布计划将其拉斯维加斯幻影赌场的业务出售给另一家运营商后，盘前上涨2.4%。米高梅表示，尚未达成销售协议，也没有透露任何潜在买家的姓名。</blockquote></p><p> <b>Regeneron Pharmaceuticals(REGN)</b> – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.</p><p><blockquote><b>再生元制药(REGN)</b>-该制药商公布最近一个季度的营收和利润均大幅增长后，其股价在盘前上涨2.7%。由于其Covid-19抗体鸡尾酒和其他治疗方法的强劲销售，再生元调整后每股收益为15.37美元，远高于市场普遍预期的10.10美元。</blockquote></p><p> <b>Planet Fitness(PLNT)</b> – The fitness center operator’s stock surged 4.9% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.</p><p><blockquote><b>星球健身(PLNT)</b>–在营收和利润均超出预期并上调全年收入预期后，这家健身中心运营商的股价在盘前飙升4.9%。Planet Fitness最近一个季度调整后每股收益为25美分，比预期高出7美分。</blockquote></p><p> <b>ViacomCBS(VIAC)</b> – ViacomCBS rose 0.7% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.</p><p><blockquote><b>维亚康姆哥伦比亚广播公司(VIAC)</b>-维亚康姆哥伦比亚广播公司(ViacomCBS)季度盈利符合预期且收入好于预期，盘前交易中上涨0.7%。公司流媒体和电视业务的实力提振了业绩。</blockquote></p><p></p><p> <b>Wayfair(W)</b> – The online home goods seller slid 4.5% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.</p><p><blockquote><b>Wayfair(W)</b>-这家在线家居用品销售商公布意外季度利润，但收入低于分析师预期，盘前股价下跌4.5%。Wayfair指出，大流行后支出已开始向实体店过渡，其增长可能需要几个季度才能恢复到正常水平。</blockquote></p><p> <b>Booking Holdings(BKNG)</b> – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.</p><p><blockquote><b>预订控股(BKNG)</b>–Booking Holdings公布最新季度利润和收入好于预期，该旅游公司盘前上涨4.6%。Priceline母公司调整后每股收益为37.70美元，而市场普遍预期为32.90美元，迄今为止，投资者对该公司关于欧洲Covid-19死灰复燃的警告言论不屑一顾。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nToplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-04 20:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.</p><p><blockquote>标普500和纳斯达克期货周四创下历史新高，受到一系列出色收益报告的支撑，投资者对美联储开始削减大流行时期支持的第一步不屑一顾。</blockquote></p><p> At 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&amp;P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.</p><p><blockquote>截至美国东部时间上午8:00，道指e-mini下跌17点，跌幅0.05%，标普500 e-mini上涨5.25点，跌幅0.11%，纳斯达克100 e-mini上涨60.5点，跌幅0.38%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/34b82a3a6bcc1b43dfa28ebacdf9efcb\" tg-width=\"1080\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Tesla Inc&nbsp;added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner Alphabet Inc, Amazon.com&nbsp;and Meta Platforms&nbsp;also edged higher.</p><p><blockquote>特斯拉公司上涨1.9%，开盘创下历史新高，而其他大型科技巨头微软公司、谷歌母公司Alphabet公司、Amazon.com和Meta Platforms也小幅走高。</blockquote></p><p> The U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.</p><p><blockquote>上周美国失业状况再次改善，首次申请失业保险的人数降至大流行时代的另一个低点。截至10月30日当周，首次申请失业救济人数降至269,000人，较上一期减少14,000人，好于道琼斯劳工部周四报告称，预计为275,000人。</blockquote></p><p> Continuing state jobless claims fall 134,000 to 2.1million;U.S. productivity sinks 5% in third quarter;U.S. trade gap widens to record $80.9 billion in September from revised $72.8 billion in prior month;U.S. output rises 1.7% in third quarter, hours worked jump 7%;U.S. unit-labor costs surge 8.3% in the third quarter.</p><p><blockquote>持续申请失业救济人数下降13.4万人，至210万人；美国第三季度生产率下降5%；美国9月份贸易逆差从上月修正后的728亿美元扩大至创纪录的809亿美元；美国第三季度产出增长1.7%，工作时间增长7%；美国第三季度单位劳动力成本飙升8.3%。</blockquote></p><p> <b>Stocks making the biggest moves premarket: </b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Moderna(MRNA)</b> – Moderna tumbled 11.5% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.</p><p><blockquote><b>现代（MRNA）</b>-Moderna在盘前股价下跌11.5%，此前该制药商的盈利和收入季度均出现短缺，并下调了全年盈利预期。Moderna最近一个季度的每股收益为7.70美元，而市场普遍预期为9.05美元。</blockquote></p><p> <b>Merck(MRK)&nbsp;</b>–&nbsp;Britain became the first country to approve Merck &amp; Co’s Covid-19 antiviral pill, with the nation’s drug regulator describing the treatment as safe and effective.Merck shares rose 3.2% in premarket U.S. trading.</p><p><blockquote><b>默克(MRK)</b>-英国成为第一个批准默克公司Covid-19抗病毒药物的国家，该国药品监管机构称该治疗方法安全有效。默克股价在美国盘前交易中上涨3.2%。</blockquote></p><p> <b>Roku(ROKU) </b>– Roku shares slid 7.4% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.</p><p><blockquote><b>Roku(Roku)</b>-尽管盈利超出预期，Roku股价在盘前交易中仍下跌7.4%。这家视频流媒体设备制造商最近一个季度的每股收益为48美分，远高于市场普遍预期的6美分，但收入低于预期，该公司发布了低于预期的假日季度收入预测。</blockquote></p><p> <b>Qualcomm(QCOM)</b> – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 9.6% in premarket trading.</p><p><blockquote><b>高通(QCOM)</b>-高通调整后季度收益为每股2.55美元，超出预期29美分，这家芯片制造商的营收也超出预期。高通还预测，在5G智能手机技术需求的推动下，将出现强劲增长。股价在盘前交易中上涨9.6%。</blockquote></p><p> <b>Electronic Arts(EA)</b> – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.</p><p><blockquote><b>电子艺界(EA)</b>-艺电公布调整后季度利润为每股1.49美元，市场普遍预期为1.17美元。这家视频游戏制造商的营收也有所增长。由于体育主题游戏表现强劲，艺电还上调了全年预期。Electronic Arts盘前股价上涨2.9%。</blockquote></p><p> <b>Take-Two Interactive(TTWO)</b> – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 3.1% in premarket action.</p><p><blockquote><b>Take-Two互动(TTWO)</b>-Take-Two的季度表现与竞争对手艺电(Electronic Arts)相似，营收和利润均超出预期，并上调了前景。Take-Two公布调整后每股收益为1.63美元，超出市场普遍预期的1.34美元，其股价在盘前上涨3.1%。</blockquote></p><p> <b>Etsy(ETSY)</b> – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.Etsy&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in premarket trading.</p><p><blockquote><b>Etsy(ETSY)</b>–在线工艺品市场发布的本季度收入指引弱于预期，尽管最近一个季度的收入指引确实超出了预期，比预期高出8美分，每股收益为62美分。Etsy股价在盘前交易中下跌1%。</blockquote></p><p> <b>MGM Resorts(MGM)</b> – MGM rallied 2.4% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.</p><p><blockquote><b>美高梅度假村(MGM)</b>-米高梅宣布计划将其拉斯维加斯幻影赌场的业务出售给另一家运营商后，盘前上涨2.4%。米高梅表示，尚未达成销售协议，也没有透露任何潜在买家的姓名。</blockquote></p><p> <b>Regeneron Pharmaceuticals(REGN)</b> – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.</p><p><blockquote><b>再生元制药(REGN)</b>-该制药商公布最近一个季度的营收和利润均大幅增长后，其股价在盘前上涨2.7%。由于其Covid-19抗体鸡尾酒和其他治疗方法的强劲销售，再生元调整后每股收益为15.37美元，远高于市场普遍预期的10.10美元。</blockquote></p><p> <b>Planet Fitness(PLNT)</b> – The fitness center operator’s stock surged 4.9% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.</p><p><blockquote><b>星球健身(PLNT)</b>–在营收和利润均超出预期并上调全年收入预期后，这家健身中心运营商的股价在盘前飙升4.9%。Planet Fitness最近一个季度调整后每股收益为25美分，比预期高出7美分。</blockquote></p><p> <b>ViacomCBS(VIAC)</b> – ViacomCBS rose 0.7% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.</p><p><blockquote><b>维亚康姆哥伦比亚广播公司(VIAC)</b>-维亚康姆哥伦比亚广播公司(ViacomCBS)季度盈利符合预期且收入好于预期，盘前交易中上涨0.7%。公司流媒体和电视业务的实力提振了业绩。</blockquote></p><p></p><p> <b>Wayfair(W)</b> – The online home goods seller slid 4.5% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.</p><p><blockquote><b>Wayfair(W)</b>-这家在线家居用品销售商公布意外季度利润，但收入低于分析师预期，盘前股价下跌4.5%。Wayfair指出，大流行后支出已开始向实体店过渡，其增长可能需要几个季度才能恢复到正常水平。</blockquote></p><p> <b>Booking Holdings(BKNG)</b> – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.</p><p><blockquote><b>预订控股(BKNG)</b>–Booking Holdings公布最新季度利润和收入好于预期，该旅游公司盘前上涨4.6%。Priceline母公司调整后每股收益为37.70美元，而市场普遍预期为32.90美元，迄今为止，投资者对该公司关于欧洲Covid-19死灰复燃的警告言论不屑一顾。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BKNG":"Booking Holdings","REGN":"再生元制药公司","QCOM":"高通",".DJI":"道琼斯","W":"Wayfair",".SPX":"S&P 500 Index","PLNT":"Planet Fitness Inc","TSLA":"特斯拉",".IXIC":"NASDAQ Composite","MRNA":"Moderna, Inc.","MGM":"美高梅","MRK":"默沙东","ETSY":"Etsy, Inc.","TTWO":"Take-Two Interactive Software","EA":"艺电"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158417116","content_text":"The S&P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.\nAt 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.\n\nTesla Inc added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner Alphabet Inc, Amazon.com and Meta Platforms also edged higher.\nThe U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.\nContinuing state jobless claims fall 134,000 to 2.1million;U.S. productivity sinks 5% in third quarter;U.S. trade gap widens to record $80.9 billion in September from revised $72.8 billion in prior month;U.S. output rises 1.7% in third quarter, hours worked jump 7%;U.S. unit-labor costs surge 8.3% in the third quarter.\nStocks making the biggest moves premarket: \nModerna(MRNA) – Moderna tumbled 11.5% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.\nMerck(MRK) – Britain became the first country to approve Merck & Co’s Covid-19 antiviral pill, with the nation’s drug regulator describing the treatment as safe and effective.Merck shares rose 3.2% in premarket U.S. trading.\nRoku(ROKU) – Roku shares slid 7.4% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.\nQualcomm(QCOM) – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 9.6% in premarket trading.\nElectronic Arts(EA) – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.\nTake-Two Interactive(TTWO) – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 3.1% in premarket action.\nEtsy(ETSY) – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.Etsy shares fell 1% in premarket trading.\nMGM Resorts(MGM) – MGM rallied 2.4% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.\nRegeneron Pharmaceuticals(REGN) – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.\nPlanet Fitness(PLNT) – The fitness center operator’s stock surged 4.9% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.\nViacomCBS(VIAC) – ViacomCBS rose 0.7% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.\nWayfair(W) – The online home goods seller slid 4.5% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.\nBooking Holdings(BKNG) – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.","news_type":1,"symbols_score_info":{"NQmain":0.9,"BKNG":0.9,"ESmain":0.9,"REGN":0.9,"QCOM":0.9,".IXIC":0.9,"YMmain":0.9,".SPX":0.9,".DJI":0.9,"ETSY":0.9,"MRNA":0.9,"W":0.9,"MGM":0.9,"VIAC":0.9,"PLNT":0.9,"MRK":0.9,"TSLA":0.9,"EA":0.9,"TTWO":0.9}},"isVote":1,"tweetType":1,"viewCount":2379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848492284,"gmtCreate":1636017609694,"gmtModify":1636017712870,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848492284","repostId":"1185162858","repostType":4,"isVote":1,"tweetType":1,"viewCount":2615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848492373,"gmtCreate":1636017578253,"gmtModify":1636017578790,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848492373","repostId":"1166681038","repostType":4,"repost":{"id":"1166681038","kind":"news","pubTimestamp":1636009234,"share":"https://www.laohu8.com/m/news/1166681038?lang=zh_CN&edition=full","pubTime":"2021-11-04 15:00","market":"us","language":"en","title":"Apple Stock: It's Inching Toward All-Time Highs. What Will November Bring?<blockquote>苹果股票：它正在慢慢走向历史高点。11月会带来什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166681038","media":"TheStreet","summary":"With only two months to go in 2021, Apple stock has just breached $150 in share price, and it inches","content":"<p>With only two months to go in 2021, Apple stock&nbsp;has just breached $150 in share price, and it inches toward all-time highs once again. Today, the Apple Maven talks about what investors should expect of AAPL in November. Is now a good time to hold shares, or should investors look for opportunities elsewhere?</p><p><blockquote>距离2021年仅剩两个月，苹果股价刚刚突破150美元，并再次逼近历史高点。今天，这位苹果专家谈论了投资者对11月份AAPL的预期。现在是持股的好时机，还是投资者应该到别处寻找机会？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f77cd919bf55f9c7b79f631b0255910\" tg-width=\"1240\" tg-height=\"697\" width=\"100%\" height=\"auto\"><span>Figure 1: Apple Park in Cupertino, CA.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：加利福尼亚州库比蒂诺的苹果公园。</span></p></blockquote></p><p> <b>Thinking long term first</b></p><p><blockquote><b>首先考虑长远</b></blockquote></p><p> When it comes to AAPL, it is&nbsp;not a secret that I care much more&nbsp;about the long-term prospects than about the short-term trade opportunity. From this perspective, I continue to think that AAPL is a good stock to own at next-year earnings multiples of 26 times that I find modest, given strong fundamentals.</p><p><blockquote>说到AAPL，众所周知，我更关心长期前景而不是短期交易机会。从这个角度来看，我仍然认为AAPL是一只值得持有的好股票，考虑到强劲的基本面，明年的市盈率为26倍，我认为这个市盈率并不大。</blockquote></p><p> To be clear,investors did not seem too happy&nbsp;about Apple’s recent revenue miss – a rarity over the past five years at least. The infamous global supply chain issues of 2021 prevented the Cupertino company from realizing $6 billion in revenues, also putting at risk the results of the crucial holiday quarter.</p><p><blockquote>需要明确的是，投资者似乎对苹果最近的营收下滑不太满意——至少在过去五年中是罕见的。2021年臭名昭著的全球供应链问题阻止了这家库比蒂诺公司实现60亿美元的收入，也使关键的假日季度的业绩面临风险。</blockquote></p><p> But under the hood, and aside from temporary procurement and logistics challenges, Apple seems to be doing quite well. CEO Tim Cook reemphasized high demand for Apple’s products and services, which he characterized as “enthusiastic”.Average prices for devices&nbsp;seem to be high, and margins remain healthy.</p><p><blockquote>但在幕后，除了暂时的采购和物流挑战之外，苹果似乎做得相当好。首席执行官蒂姆·库克再次强调了对苹果产品和服务的高需求，他将其描述为“热情”。设备的平均价格似乎很高，利润率仍然健康。</blockquote></p><p> Therefore, buying an arguably great stock at a slight discount to the early September all-time high seems sensible to me.</p><p><blockquote>因此，以比9月初历史高点略有折扣的价格购买一只可以说很棒的股票对我来说似乎是明智的。</blockquote></p><p> <b>Seasonality is unfavorable</b></p><p><blockquote><b>季节性不利</b></blockquote></p><p> To answer the question of timing, however, one must consider short term factors. From a seasonality perspective, November is about as bad a month to buy AAPL, as the chart below suggests.</p><p><blockquote>然而，要回答时机问题，必须考虑短期因素。从季节性角度来看，11月是购买AAPL的糟糕月份，如下图所示。</blockquote></p><p> Since the launch of the iPhone, in 2007, Apple stock has produced an average loss of -0.2% in the second-to-last month of the year. Worse yet, the losses have widened to nearly -2% in December and January combined. This is probably the result of sell-the-news pressures, following the launch of the newest iPhone in the fall and amid the busy holiday shopping weeks.</p><p><blockquote>自2007年iPhone推出以来，苹果股票在当年倒数第二个月的平均跌幅为-0.2%。更糟糕的是，12月和1月的损失合计已扩大至近-2%。这可能是秋季最新iPhone发布后以及繁忙的假日购物周期间抛售新闻压力的结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d445e7006af8b9873ba75d03c839fa4\" tg-width=\"668\" tg-height=\"349\" width=\"100%\" height=\"auto\"><span>Figure 2: AAPL average monthly return since iPhone launch.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：自iPhone推出以来AAPL的平均月回报率。</span></p></blockquote></p><p> In fact, the holiday season could play an important role in how Apple stock performs in November. Revenue expectations have probably been set lower, given the supply chain disruptions that the management team warned about during the earnings call. Keep an eye on&nbsp;official&nbsp;monthly retail sales data and online shopping&nbsp;reports&nbsp;to see how well consumer product companies perform in Q4.</p><p><blockquote>事实上，假期可能会对苹果股票11月份的表现发挥重要作用。考虑到管理团队在财报看涨期权期间警告的供应链中断，收入预期可能会降低。关注官方月度零售销售数据和在线购物报告，了解消费品公司在第四季度的表现如何。</blockquote></p><p> <b>What the technicals say</b></p><p><blockquote><b>技术人员怎么说</b></blockquote></p><p> From a technical (i.e. chart-reading) perspective, the signals seem to be mixed. The first graph below shows that Apple stock currently trades just above its 50-day and 150-day moving averages, suggesting that a bit of positive momentum has started to build since right before earnings. Also, share price has consistently found support at the longer-term moving average, which is currently $140.</p><p><blockquote>从技术（即图表阅读）的角度来看，信号似乎是喜忧参半的。下面的第一张图显示，苹果股票目前的交易价格略高于50日和150日移动平均线，这表明自财报发布前以来，一些积极的势头已经开始形成。此外，股价一直在长期移动平均线处找到支撑，目前为140美元。</blockquote></p><p> On the other hand, shares have been trading largely sideways within a narrow price band of $140 and $157 since the start of Q2, and the stock has yet to breach to the upside. Also, any potential bullishness of late has not been backed up by much volume. In fact, average number of shares traded recently has dipped to pre-COVID bear levels once again (second chart below).</p><p><blockquote>另一方面，自第二季度初以来，该股基本上一直在140美元至157美元的窄幅价格区间内横盘整理，尚未突破上行空间。此外，最近任何潜在的看涨情绪都没有得到太多成交量的支持。事实上，最近交易的平均股票数量已再次降至新冠疫情熊市前的水平（下图第二张）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/24486ab543e6413994d549ee698bea49\" tg-width=\"738\" tg-height=\"359\" width=\"100%\" height=\"auto\"><span>Figure 2: AAPL price chart and trading volume.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AAPL价格图表和交易量。</span></p></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: It's Inching Toward All-Time Highs. What Will November Bring?<blockquote>苹果股票：它正在慢慢走向历史高点。11月会带来什么？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock: It's Inching Toward All-Time Highs. What Will November Bring?<blockquote>苹果股票：它正在慢慢走向历史高点。11月会带来什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-11-04 15:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With only two months to go in 2021, Apple stock&nbsp;has just breached $150 in share price, and it inches toward all-time highs once again. Today, the Apple Maven talks about what investors should expect of AAPL in November. Is now a good time to hold shares, or should investors look for opportunities elsewhere?</p><p><blockquote>距离2021年仅剩两个月，苹果股价刚刚突破150美元，并再次逼近历史高点。今天，这位苹果专家谈论了投资者对11月份AAPL的预期。现在是持股的好时机，还是投资者应该到别处寻找机会？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f77cd919bf55f9c7b79f631b0255910\" tg-width=\"1240\" tg-height=\"697\" width=\"100%\" height=\"auto\"><span>Figure 1: Apple Park in Cupertino, CA.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：加利福尼亚州库比蒂诺的苹果公园。</span></p></blockquote></p><p> <b>Thinking long term first</b></p><p><blockquote><b>首先考虑长远</b></blockquote></p><p> When it comes to AAPL, it is&nbsp;not a secret that I care much more&nbsp;about the long-term prospects than about the short-term trade opportunity. From this perspective, I continue to think that AAPL is a good stock to own at next-year earnings multiples of 26 times that I find modest, given strong fundamentals.</p><p><blockquote>说到AAPL，众所周知，我更关心长期前景而不是短期交易机会。从这个角度来看，我仍然认为AAPL是一只值得持有的好股票，考虑到强劲的基本面，明年的市盈率为26倍，我认为这个市盈率并不大。</blockquote></p><p> To be clear,investors did not seem too happy&nbsp;about Apple’s recent revenue miss – a rarity over the past five years at least. The infamous global supply chain issues of 2021 prevented the Cupertino company from realizing $6 billion in revenues, also putting at risk the results of the crucial holiday quarter.</p><p><blockquote>需要明确的是，投资者似乎对苹果最近的营收下滑不太满意——至少在过去五年中是罕见的。2021年臭名昭著的全球供应链问题阻止了这家库比蒂诺公司实现60亿美元的收入，也使关键的假日季度的业绩面临风险。</blockquote></p><p> But under the hood, and aside from temporary procurement and logistics challenges, Apple seems to be doing quite well. CEO Tim Cook reemphasized high demand for Apple’s products and services, which he characterized as “enthusiastic”.Average prices for devices&nbsp;seem to be high, and margins remain healthy.</p><p><blockquote>但在幕后，除了暂时的采购和物流挑战之外，苹果似乎做得相当好。首席执行官蒂姆·库克再次强调了对苹果产品和服务的高需求，他将其描述为“热情”。设备的平均价格似乎很高，利润率仍然健康。</blockquote></p><p> Therefore, buying an arguably great stock at a slight discount to the early September all-time high seems sensible to me.</p><p><blockquote>因此，以比9月初历史高点略有折扣的价格购买一只可以说很棒的股票对我来说似乎是明智的。</blockquote></p><p> <b>Seasonality is unfavorable</b></p><p><blockquote><b>季节性不利</b></blockquote></p><p> To answer the question of timing, however, one must consider short term factors. From a seasonality perspective, November is about as bad a month to buy AAPL, as the chart below suggests.</p><p><blockquote>然而，要回答时机问题，必须考虑短期因素。从季节性角度来看，11月是购买AAPL的糟糕月份，如下图所示。</blockquote></p><p> Since the launch of the iPhone, in 2007, Apple stock has produced an average loss of -0.2% in the second-to-last month of the year. Worse yet, the losses have widened to nearly -2% in December and January combined. This is probably the result of sell-the-news pressures, following the launch of the newest iPhone in the fall and amid the busy holiday shopping weeks.</p><p><blockquote>自2007年iPhone推出以来，苹果股票在当年倒数第二个月的平均跌幅为-0.2%。更糟糕的是，12月和1月的损失合计已扩大至近-2%。这可能是秋季最新iPhone发布后以及繁忙的假日购物周期间抛售新闻压力的结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d445e7006af8b9873ba75d03c839fa4\" tg-width=\"668\" tg-height=\"349\" width=\"100%\" height=\"auto\"><span>Figure 2: AAPL average monthly return since iPhone launch.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：自iPhone推出以来AAPL的平均月回报率。</span></p></blockquote></p><p> In fact, the holiday season could play an important role in how Apple stock performs in November. Revenue expectations have probably been set lower, given the supply chain disruptions that the management team warned about during the earnings call. Keep an eye on&nbsp;official&nbsp;monthly retail sales data and online shopping&nbsp;reports&nbsp;to see how well consumer product companies perform in Q4.</p><p><blockquote>事实上，假期可能会对苹果股票11月份的表现发挥重要作用。考虑到管理团队在财报看涨期权期间警告的供应链中断，收入预期可能会降低。关注官方月度零售销售数据和在线购物报告，了解消费品公司在第四季度的表现如何。</blockquote></p><p> <b>What the technicals say</b></p><p><blockquote><b>技术人员怎么说</b></blockquote></p><p> From a technical (i.e. chart-reading) perspective, the signals seem to be mixed. The first graph below shows that Apple stock currently trades just above its 50-day and 150-day moving averages, suggesting that a bit of positive momentum has started to build since right before earnings. Also, share price has consistently found support at the longer-term moving average, which is currently $140.</p><p><blockquote>从技术（即图表阅读）的角度来看，信号似乎是喜忧参半的。下面的第一张图显示，苹果股票目前的交易价格略高于50日和150日移动平均线，这表明自财报发布前以来，一些积极的势头已经开始形成。此外，股价一直在长期移动平均线处找到支撑，目前为140美元。</blockquote></p><p> On the other hand, shares have been trading largely sideways within a narrow price band of $140 and $157 since the start of Q2, and the stock has yet to breach to the upside. Also, any potential bullishness of late has not been backed up by much volume. In fact, average number of shares traded recently has dipped to pre-COVID bear levels once again (second chart below).</p><p><blockquote>另一方面，自第二季度初以来，该股基本上一直在140美元至157美元的窄幅价格区间内横盘整理，尚未突破上行空间。此外，最近任何潜在的看涨情绪都没有得到太多成交量的支持。事实上，最近交易的平均股票数量已再次降至新冠疫情熊市前的水平（下图第二张）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/24486ab543e6413994d549ee698bea49\" tg-width=\"738\" tg-height=\"359\" width=\"100%\" height=\"auto\"><span>Figure 2: AAPL price chart and trading volume.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AAPL价格图表和交易量。</span></p></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/stock/what-to-expect-of-apple-stock-in-november\">TheStreet</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":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/what-to-expect-of-apple-stock-in-november","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166681038","content_text":"With only two months to go in 2021, Apple stock has just breached $150 in share price, and it inches toward all-time highs once again. Today, the Apple Maven talks about what investors should expect of AAPL in November. Is now a good time to hold shares, or should investors look for opportunities elsewhere?\nFigure 1: Apple Park in Cupertino, CA.\nThinking long term first\nWhen it comes to AAPL, it is not a secret that I care much more about the long-term prospects than about the short-term trade opportunity. From this perspective, I continue to think that AAPL is a good stock to own at next-year earnings multiples of 26 times that I find modest, given strong fundamentals.\nTo be clear,investors did not seem too happy about Apple’s recent revenue miss – a rarity over the past five years at least. The infamous global supply chain issues of 2021 prevented the Cupertino company from realizing $6 billion in revenues, also putting at risk the results of the crucial holiday quarter.\nBut under the hood, and aside from temporary procurement and logistics challenges, Apple seems to be doing quite well. CEO Tim Cook reemphasized high demand for Apple’s products and services, which he characterized as “enthusiastic”.Average prices for devices seem to be high, and margins remain healthy.\nTherefore, buying an arguably great stock at a slight discount to the early September all-time high seems sensible to me.\nSeasonality is unfavorable\nTo answer the question of timing, however, one must consider short term factors. From a seasonality perspective, November is about as bad a month to buy AAPL, as the chart below suggests.\nSince the launch of the iPhone, in 2007, Apple stock has produced an average loss of -0.2% in the second-to-last month of the year. Worse yet, the losses have widened to nearly -2% in December and January combined. This is probably the result of sell-the-news pressures, following the launch of the newest iPhone in the fall and amid the busy holiday shopping weeks.\nFigure 2: AAPL average monthly return since iPhone launch.\nIn fact, the holiday season could play an important role in how Apple stock performs in November. Revenue expectations have probably been set lower, given the supply chain disruptions that the management team warned about during the earnings call. Keep an eye on official monthly retail sales data and online shopping reports to see how well consumer product companies perform in Q4.\nWhat the technicals say\nFrom a technical (i.e. chart-reading) perspective, the signals seem to be mixed. The first graph below shows that Apple stock currently trades just above its 50-day and 150-day moving averages, suggesting that a bit of positive momentum has started to build since right before earnings. Also, share price has consistently found support at the longer-term moving average, which is currently $140.\nOn the other hand, shares have been trading largely sideways within a narrow price band of $140 and $157 since the start of Q2, and the stock has yet to breach to the upside. Also, any potential bullishness of late has not been backed up by much volume. In fact, average number of shares traded recently has dipped to pre-COVID bear levels once again (second chart below).\nFigure 2: AAPL price chart and trading volume.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1986,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848313467,"gmtCreate":1635965935881,"gmtModify":1635965936431,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848313467","repostId":"1128649961","repostType":4,"repost":{"id":"1128649961","kind":"news","pubTimestamp":1635954934,"share":"https://www.laohu8.com/m/news/1128649961?lang=zh_CN&edition=full","pubTime":"2021-11-03 23:55","market":"us","language":"en","title":"Amazon Stock: It's Down 12% From Record. Buy in November?<blockquote>亚马逊股票：较创纪录下跌12%。11月买？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128649961","media":"TheStreet","summary":"Amazon’s Q3 was challenging, and the holiday quarter will likely see the impact of higher costs and ","content":"<p>Amazon’s Q3 was challenging, and the holiday quarter will likely see the impact of higher costs and supply disruptions. As worries remain, should investors buy the dip in November?</p><p><blockquote>亚马逊第三季度充满挑战，假日季度可能会受到成本上升和供应中断的影响。由于担忧依然存在，投资者是否应该在11月逢低买入？</blockquote></p><p> Since&nbsp;the company’s second quarter earnings report, Amazon stock&nbsp;has been struggling to find traction. And while some hoped that third quarter results could suggest a post-pandemic recovery in e-commerce, Amazon’s online store sales climbed a mere 12% – low compared to nearly 40% last year.</p><p><blockquote>自该公司发布第二季度收益报告以来，亚马逊股票一直在努力寻找吸引力。尽管一些人希望第三季度的业绩能够表明电子商务在大流行后复苏，但亚马逊的在线商店销售额仅增长了12%，低于去年的近40%。</blockquote></p><p> Now, AMZN is 12% off its all-time high. Given the current setup, could November be a good month to buy Amazon stock? The Amazon Maven discusses the opportunity below.</p><p><blockquote>现在，AMZN的股价较历史高点下跌了12%。鉴于目前的情况，11月可能是购买亚马逊股票的好月份吗？Amazon Maven在下面讨论了这个机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/859137fd59747f3531fd786b5fae3a82\" tg-width=\"893\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Figure 1: Amazon fulfillment center.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：亚马逊运营中心。</span></p></blockquote></p><p> <b>Fundamentals still solid</b></p><p><blockquote><b>基本面依然稳固</b></blockquote></p><p> Few will disagree that Amazon is still the king of e-commerce. The company has been using the “flywheel approach” to its advantage, pulling together demand for its products and services and creating customer loyalty. With the number of Prime members&nbsp;expected to reach nearly 7 out of 10 American households&nbsp;by 2025, we believe that the Seattle-based company is the obvious candidate to capture the most growth opportunities.</p><p><blockquote>很少有人会不同意亚马逊仍然是电子商务之王。该公司一直在利用“飞轮方法”，将对其产品和服务的需求聚集在一起，并创造客户忠诚度。预计到2025年，Prime会员数量将达到近十分之七的美国家庭，我们认为这家总部位于西雅图的公司显然是抓住最多增长机会的候选者。</blockquote></p><p> On the cloud side, Amazon seems to have nothing but blue skies ahead (pun intended). AWS (i.e. Amazon Web Services) was instrumental in keeping total company op profits afloat in the third quarter – a combination of top-line momentum and a low marginal cost model. With the cloud space projected to grow at a CAGR of nearly 20% through 2028 at least, market leader Amazon stands to benefit.</p><p><blockquote>在云方面，亚马逊似乎只有蓝天（双关语）。AWS（即亚马逊网络服务）在第三季度保持公司总营业利润方面发挥了重要作用——这是营收势头和低边际成本模式的结合。预计到2028年，云领域的复合年增长率至少将达到近20%，市场领导者亚马逊将从中受益。</blockquote></p><p> <b>Buying the dip</b></p><p><blockquote><b>逢低买入</b></blockquote></p><p> While it is hard to make short-term predictions on price movement, the recent pullback in AMZN could be an opportunity for long-term shareholders.As the Amazon Maven has discussed before, “buying the fear and selling the greed” has worked well for Amazon stock.</p><p><blockquote>虽然很难对价格走势做出短期预测，但亚马逊最近的回调对长期股东来说可能是一个机会。正如亚马逊专家之前讨论的那样，“买入恐惧，卖出贪婪”对于亚马逊股票来说效果很好。</blockquote></p><p> The chart below shows that buying AMZN and holding it for a year has produced an average of 33% in gains over the past two decades. Doing so after a 15% correction or more has led to even better returns of 42%. Therefore, with the stock officially in correction mode (i.e. 10% or more below peak levels), November could prove to be a good time to buy.</p><p><blockquote>下图显示，购买AMZN并持有一年在过去二十年中平均产生了33%的收益。在15%或更多的修正后这样做会带来42%的更好回报。因此，随着该股正式进入修正模式（即比峰值水平低10%或更多），11月可能是买入的好时机。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe59b47af83bd439a7f35ab6c5325b9b\" tg-width=\"630\" tg-height=\"410\" width=\"100%\" height=\"auto\"><span>Figure 2: Median one-year return on AMZN.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AMZN的一年回报率中位数。</span></p></blockquote></p><p> <b>Wall Street says buy</b></p><p><blockquote><b>华尔街表示买入</b></blockquote></p><p> The pandemic has led analysts to think that shopping habits would be disrupted for good. However, Amazon’s two most recent earnings reports have proven that e-commerce benefited from a temporary spike in buy-from-home activity in 2020 – and that enough demand has been shifting back to the brick-and-mortar channel this year.</p><p><blockquote>疫情让分析师认为购物习惯将被永远打乱。然而，亚马逊最近的两份财报证明，电子商务受益于2020年在家购买活动的暂时激增，而且今年有足够的需求重新转向实体渠道。</blockquote></p><p> Expectations seem to have been reset. Still, Wall Street consensus remains highly bullish. Analysts believe that Amazon stock should be worth over $4,000 in the foreseeable future, according to TipRanks. If so, this would represent upside of 22%, even if such gains may take months to materialize.</p><p><blockquote>期望似乎被重置了。尽管如此，华尔街的共识仍然高度乐观。根据TipRanks的数据，分析师认为，在可预见的未来，亚马逊股票的价值应该超过4,000美元。如果是这样，这将意味着22%的上涨空间，即使这种收益可能需要几个月才能实现。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Stock: It's Down 12% From Record. Buy in November?<blockquote>亚马逊股票：较创纪录下跌12%。11月买？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Stock: It's Down 12% From Record. Buy in November?<blockquote>亚马逊股票：较创纪录下跌12%。11月买？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-11-03 23:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Amazon’s Q3 was challenging, and the holiday quarter will likely see the impact of higher costs and supply disruptions. As worries remain, should investors buy the dip in November?</p><p><blockquote>亚马逊第三季度充满挑战，假日季度可能会受到成本上升和供应中断的影响。由于担忧依然存在，投资者是否应该在11月逢低买入？</blockquote></p><p> Since&nbsp;the company’s second quarter earnings report, Amazon stock&nbsp;has been struggling to find traction. And while some hoped that third quarter results could suggest a post-pandemic recovery in e-commerce, Amazon’s online store sales climbed a mere 12% – low compared to nearly 40% last year.</p><p><blockquote>自该公司发布第二季度收益报告以来，亚马逊股票一直在努力寻找吸引力。尽管一些人希望第三季度的业绩能够表明电子商务在大流行后复苏，但亚马逊的在线商店销售额仅增长了12%，低于去年的近40%。</blockquote></p><p> Now, AMZN is 12% off its all-time high. Given the current setup, could November be a good month to buy Amazon stock? The Amazon Maven discusses the opportunity below.</p><p><blockquote>现在，AMZN的股价较历史高点下跌了12%。鉴于目前的情况，11月可能是购买亚马逊股票的好月份吗？Amazon Maven在下面讨论了这个机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/859137fd59747f3531fd786b5fae3a82\" tg-width=\"893\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Figure 1: Amazon fulfillment center.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：亚马逊运营中心。</span></p></blockquote></p><p> <b>Fundamentals still solid</b></p><p><blockquote><b>基本面依然稳固</b></blockquote></p><p> Few will disagree that Amazon is still the king of e-commerce. The company has been using the “flywheel approach” to its advantage, pulling together demand for its products and services and creating customer loyalty. With the number of Prime members&nbsp;expected to reach nearly 7 out of 10 American households&nbsp;by 2025, we believe that the Seattle-based company is the obvious candidate to capture the most growth opportunities.</p><p><blockquote>很少有人会不同意亚马逊仍然是电子商务之王。该公司一直在利用“飞轮方法”，将对其产品和服务的需求聚集在一起，并创造客户忠诚度。预计到2025年，Prime会员数量将达到近十分之七的美国家庭，我们认为这家总部位于西雅图的公司显然是抓住最多增长机会的候选者。</blockquote></p><p> On the cloud side, Amazon seems to have nothing but blue skies ahead (pun intended). AWS (i.e. Amazon Web Services) was instrumental in keeping total company op profits afloat in the third quarter – a combination of top-line momentum and a low marginal cost model. With the cloud space projected to grow at a CAGR of nearly 20% through 2028 at least, market leader Amazon stands to benefit.</p><p><blockquote>在云方面，亚马逊似乎只有蓝天（双关语）。AWS（即亚马逊网络服务）在第三季度保持公司总营业利润方面发挥了重要作用——这是营收势头和低边际成本模式的结合。预计到2028年，云领域的复合年增长率至少将达到近20%，市场领导者亚马逊将从中受益。</blockquote></p><p> <b>Buying the dip</b></p><p><blockquote><b>逢低买入</b></blockquote></p><p> While it is hard to make short-term predictions on price movement, the recent pullback in AMZN could be an opportunity for long-term shareholders.As the Amazon Maven has discussed before, “buying the fear and selling the greed” has worked well for Amazon stock.</p><p><blockquote>虽然很难对价格走势做出短期预测，但亚马逊最近的回调对长期股东来说可能是一个机会。正如亚马逊专家之前讨论的那样，“买入恐惧，卖出贪婪”对于亚马逊股票来说效果很好。</blockquote></p><p> The chart below shows that buying AMZN and holding it for a year has produced an average of 33% in gains over the past two decades. Doing so after a 15% correction or more has led to even better returns of 42%. Therefore, with the stock officially in correction mode (i.e. 10% or more below peak levels), November could prove to be a good time to buy.</p><p><blockquote>下图显示，购买AMZN并持有一年在过去二十年中平均产生了33%的收益。在15%或更多的修正后这样做会带来42%的更好回报。因此，随着该股正式进入修正模式（即比峰值水平低10%或更多），11月可能是买入的好时机。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe59b47af83bd439a7f35ab6c5325b9b\" tg-width=\"630\" tg-height=\"410\" width=\"100%\" height=\"auto\"><span>Figure 2: Median one-year return on AMZN.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AMZN的一年回报率中位数。</span></p></blockquote></p><p> <b>Wall Street says buy</b></p><p><blockquote><b>华尔街表示买入</b></blockquote></p><p> The pandemic has led analysts to think that shopping habits would be disrupted for good. However, Amazon’s two most recent earnings reports have proven that e-commerce benefited from a temporary spike in buy-from-home activity in 2020 – and that enough demand has been shifting back to the brick-and-mortar channel this year.</p><p><blockquote>疫情让分析师认为购物习惯将被永远打乱。然而，亚马逊最近的两份财报证明，电子商务受益于2020年在家购买活动的暂时激增，而且今年有足够的需求重新转向实体渠道。</blockquote></p><p> Expectations seem to have been reset. Still, Wall Street consensus remains highly bullish. Analysts believe that Amazon stock should be worth over $4,000 in the foreseeable future, according to TipRanks. If so, this would represent upside of 22%, even if such gains may take months to materialize.</p><p><blockquote>期望似乎被重置了。尽管如此，华尔街的共识仍然高度乐观。根据TipRanks的数据，分析师认为，在可预见的未来，亚马逊股票的价值应该超过4,000美元。如果是这样，这将意味着22%的上涨空间，即使这种收益可能需要几个月才能实现。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/amazon/stock/amazon-stock-should-you-buy-in-november\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/stock/amazon-stock-should-you-buy-in-november","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128649961","content_text":"Amazon’s Q3 was challenging, and the holiday quarter will likely see the impact of higher costs and supply disruptions. As worries remain, should investors buy the dip in November?\nSince the company’s second quarter earnings report, Amazon stock has been struggling to find traction. And while some hoped that third quarter results could suggest a post-pandemic recovery in e-commerce, Amazon’s online store sales climbed a mere 12% – low compared to nearly 40% last year.\nNow, AMZN is 12% off its all-time high. Given the current setup, could November be a good month to buy Amazon stock? The Amazon Maven discusses the opportunity below.\nFigure 1: Amazon fulfillment center.\nFundamentals still solid\nFew will disagree that Amazon is still the king of e-commerce. The company has been using the “flywheel approach” to its advantage, pulling together demand for its products and services and creating customer loyalty. With the number of Prime members expected to reach nearly 7 out of 10 American households by 2025, we believe that the Seattle-based company is the obvious candidate to capture the most growth opportunities.\nOn the cloud side, Amazon seems to have nothing but blue skies ahead (pun intended). AWS (i.e. Amazon Web Services) was instrumental in keeping total company op profits afloat in the third quarter – a combination of top-line momentum and a low marginal cost model. With the cloud space projected to grow at a CAGR of nearly 20% through 2028 at least, market leader Amazon stands to benefit.\nBuying the dip\nWhile it is hard to make short-term predictions on price movement, the recent pullback in AMZN could be an opportunity for long-term shareholders.As the Amazon Maven has discussed before, “buying the fear and selling the greed” has worked well for Amazon stock.\nThe chart below shows that buying AMZN and holding it for a year has produced an average of 33% in gains over the past two decades. Doing so after a 15% correction or more has led to even better returns of 42%. Therefore, with the stock officially in correction mode (i.e. 10% or more below peak levels), November could prove to be a good time to buy.\nFigure 2: Median one-year return on AMZN.\nWall Street says buy\nThe pandemic has led analysts to think that shopping habits would be disrupted for good. However, Amazon’s two most recent earnings reports have proven that e-commerce benefited from a temporary spike in buy-from-home activity in 2020 – and that enough demand has been shifting back to the brick-and-mortar channel this year.\nExpectations seem to have been reset. Still, Wall Street consensus remains highly bullish. Analysts believe that Amazon stock should be worth over $4,000 in the foreseeable future, according to TipRanks. If so, this would represent upside of 22%, even if such gains may take months to materialize.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":2769,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":828863323,"gmtCreate":1633899027213,"gmtModify":1633899027408,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"&nbsp; &nbsp;Like","listText":"&nbsp; &nbsp;Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/828863323","repostId":"1155472390","repostType":4,"isVote":1,"tweetType":1,"viewCount":2525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":885431575,"gmtCreate":1631809337697,"gmtModify":1631889356796,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885431575","repostId":"2167517961","repostType":4,"isVote":1,"tweetType":1,"viewCount":628,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885431808,"gmtCreate":1631809294804,"gmtModify":1631889356808,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/885431808","repostId":"1168707929","repostType":4,"repost":{"id":"1168707929","kind":"news","pubTimestamp":1631802521,"share":"https://www.laohu8.com/m/news/1168707929?lang=zh_CN&edition=full","pubTime":"2021-09-16 22:28","market":"us","language":"en","title":"Amazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做。沃尔玛也是。为什么零售业喜欢“先买后付”。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168707929","media":"The Wall Street Journal","summary":"Retailers big and small are using installment plans to wring more sales out of shoppers who can’t ge","content":"<p>Retailers big and small are using installment plans to wring more sales out of shoppers who can’t get credit cards</p><p><blockquote>大大小小的零售商正在利用分期付款计划从无法获得信用卡的购物者那里榨取更多销售额</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/108a4007d95b3e93e4d3fe6d678d8339\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank, Macy’s CEO Jeff Gennette said on a recent earnings call.</span></p><p><blockquote><p class=\"t-img-caption\"><span>梅西百货首席执行官杰夫·根内特(Jeff Gennette)在最近的财报看涨期权上表示，当购物者使用克拉纳银行提供的分期付款计划时，他们会在梅西百货花费更多。</span></p></blockquote></p><p> Alexis Luedtke got her first “buy now, pay later” plan in 2019 after she was rejected for a credit card. She has used at least five more since to buy face cream, T-shirts and birthday gifts.</p><p><blockquote>Alexis Luedtke在信用卡被拒绝后，于2019年获得了她的第一个“先买后付”计划。从那以后，她至少又用了五次钱来买面霜、T恤和生日礼物。</blockquote></p><p> Installment plans are back&nbsp;in style.PayPal Holdings&nbsp;Inc.&nbsp;last week&nbsp;said it was buying Japanese installment payment startup&nbsp;Paidy Inc., following Square Inc.’s&nbsp;$29 billion deal&nbsp;for&nbsp;Afterpay&nbsp;Ltd.Macy’s&nbsp;Inc.&nbsp;and&nbsp;Bed Bath &amp; Beyond&nbsp;Inc.&nbsp;have added the option at checkout over the past year. Even&nbsp;Amazon.com&nbsp;Inc.&nbsp;is doing it.</p><p><blockquote>分期付款计划又重新流行起来。继Square Inc.以290亿美元收购Afterpay Ltd.之后，PayPal Holdings Inc.上周表示，将收购日本分期付款初创公司Paidy Inc.。梅西百货(Macy's Inc.)和贝德柏士比昂公司(Bed Bath&amp;Beyond Inc.)增加了过去一年结账时的选项。甚至亚马逊。com Inc.也在这么做。</blockquote></p><p> One reason: shoppers like Ms. Luedtke who don’t qualify for credit cards. Buy-now-pay-later companies say they rely less on—and in some cases bypass altogether—traditional credit scores and reports. Doing so allows them to approve more consumers. Shoppers gain the ability to buy things even without cash on hand—translating to higher sales for retailers.</p><p><blockquote>一个原因是：像Luedtke女士这样没有资格使用信用卡的购物者。先买后付的公司表示，他们较少依赖传统的信用评分和报告，在某些情况下甚至完全绕过传统的信用评分和报告。这样做可以让他们认可更多的消费者。购物者即使手头没有现金也能买到东西——这转化为零售商更高的销售额。</blockquote></p><p> Afterpay said it expects the company’s U.S. merchants will see an $8.2 billion increase in sales this year because of payment plans.Affirm Holdings&nbsp;Inc.&nbsp;last year said purchases made with its payment plans were 85% larger, on average.</p><p><blockquote>Afterpay表示，由于付款计划，预计该公司的美国商家今年的销售额将增加82亿美元。Affirm Holdings Inc.去年表示，通过其付款计划进行的购买量平均增加了85%。</blockquote></p><p> Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank AB, Macy’s CEO Jeff Gennette said on a recent earnings call. Klarna also is helping the retailer attract younger customers, he said.</p><p><blockquote>梅西百货首席执行官杰夫·根内特(Jeff Gennette)在最近的财报看涨期权上表示，当购物者使用Klarna Bank AB提供的分期付款计划时，他们会在梅西百货花费更多。他说，Klarna还在帮助零售商吸引年轻顾客。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/40620bab35c446816da175fb2334c05e\" tg-width=\"435\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> “The value that most retailers see in buy now, pay later is customer acquisition,” said David Sykes, Klarna’s North America head.</p><p><blockquote>Klarna北美负责人David Sykes表示：“大多数零售商认为先买后付的价值是获取客户。”</blockquote></p><p> Ms. Luedtke, 26, has credit cards now but still prefers installment plans. Just last month, she used them to buy about $40 of Peter Thomas Roth skin-care products and $65 in clothing from Shein.</p><p><blockquote>26岁的Luedtke女士现在有信用卡，但仍然更喜欢分期付款计划。就在上个月，她用它们从Shein购买了约40美元的Peter Thomas Roth护肤品和65美元的服装。</blockquote></p><p> “It definitely influences how much more I buy or would spend,” she said. “It’s easier to pay $200 over so many weeks compared to $200 right now.”</p><p><blockquote>“这肯定会影响我购买或花费的金额，”她说。“与现在的200美元相比，在这么多周内支付200美元更容易。”</blockquote></p><p> Buy now, pay later is a new twist on an old idea. Big retailers have for decades offered installment plans for big-ticket items like washing machines. Today, these plans come in a variety of flavors. Afterpay offers payment plans that shoppers usually attach to their debit cards. Others, like Affirm, also facilitate new loans.</p><p><blockquote>先买后付是对旧观念的新转变。几十年来，大型零售商一直为洗衣机等大件商品提供分期付款计划。如今，这些计划有多种形式。Afterpay提供购物者通常将其附加到借记卡上的付款计划。Affirm等其他公司也为新贷款提供便利。</blockquote></p><p> Interest rates and other terms vary by payment-plan provider. Affirm interest rates range from 0% to 30%, with some 43% of its transactions during its last fiscal year not charging interest at all. The company doesn’t charge late fees. Afterpay doesn’t charge interest but does collect late fees.</p><p><blockquote>利率和其他条款因付款计划提供商而异。Affirm的利率范围为0%至30%，上一财年约43%的交易根本不收取利息。公司不收取滞纳金。Afterpay不收取利息，但收取滞纳金。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/223a1da79b30869fc443b06f41a959eb\" tg-width=\"441\" tg-height=\"556\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Merchants take no credit risk with these plans, but the fees they incur can be higher than on credit-card purchases—often between 3% and 5% of the purchase price, according to people familiar with the matter.</p><p><blockquote>据知情人士透露，商家通过这些计划不承担信用风险，但他们产生的费用可能高于信用卡购物——通常在购买价格的3%至5%之间。</blockquote></p><p> Buy-now-pay-later companies say they can approve more customers than banks, including people who have thin or no borrowing history. Some 53 million adults in the U.S. lack traditional credit scores, according to FICO score creator&nbsp;Fair Isaac&nbsp;Corp.Installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.</p><p><blockquote>先买后付的公司表示，他们可以批准比银行更多的客户，包括没有借贷历史或没有借贷历史的人。根据FICO评分创建者Fair Isaac Corp.的数据，美国约有5300万成年人缺乏传统信用评分。他们表示，分期付款计划更安全，因为它们通常小于信用卡支出限额，并且按每笔交易获得批准。</blockquote></p><p> Affirm said that it had a net charge-off rate of 1% in the quarter ended June 30, down from 2% a year earlier. Afterpay said it wrote off 0.6% of the total dollars it processed in payments during the company’s fiscal year ended June 30, up from 0.4% the year prior.</p><p><blockquote>Affirm表示，截至6月30日的季度净冲销率为1%，低于去年同期的2%。Afterpay表示，在截至6月30日的财年中，该公司注销了其处理的支付总额的0.6%，高于上年的0.4%。</blockquote></p><p> Working with a web of retailers, buy-now-pay-later companies can create self-contained payment ecosystems. They factor payment behavior into future underwriting decisions. Customers who pay late or not at all risk losing the installment option at other participating retailers.</p><p><blockquote>通过与零售商网络合作，先买后付的公司可以创建独立的支付生态系统。他们将支付行为纳入未来的承保决策中。延迟付款或根本不付款的客户可能会失去其他参与零售商的分期付款选项。</blockquote></p><p> “Most merchants want a partner who has real advantage and real ability to underwrite,” said Affirm CEO Max Levchin. “These are not deeper approvals, but they are different approvals.”</p><p><blockquote>Affirm首席执行官Max Levchin表示：“大多数商家都想要一个拥有真正优势和真正承保能力的合作伙伴。”“这些不是更深层次的审批，而是不同的审批。”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f0a5ab7e1c7d6de154b68c230f13b49\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>Affirm facilitates new loans among other payment plans.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Affirm在其他付款计划中促进新贷款。</span></p></blockquote></p><p></p><p> Amazon&nbsp;and&nbsp;Walmart&nbsp;Inc.&nbsp;are both working with Affirm. Both have said they want their financial partners to extend credit to more of their customers.</p><p><blockquote>亚马逊和沃尔玛公司都在与Affirm合作。两家公司都表示，他们希望金融合作伙伴向更多客户提供信贷。</blockquote></p><p> Amazon is reviewing proposals, as it weighs whether to replace its longtime card issuer, JPMorgan Chase &amp; Co. Amazon is looking for “commitments to underwrite competitively to widen the acquisition funnel,” the retailer said in a request for proposals reviewed by The Wall Street Journal.</p><p><blockquote>亚马逊正在审查提案，因为它正在权衡是否取代其长期发卡机构摩根大通公司。该零售商在《华尔街日报》审查的提案请求中表示，亚马逊正在寻求“有竞争力的承销承诺，以扩大收购漏斗”。</blockquote></p><p> A desire to boost loan approvals was among the reasons Walmart in 2018 decided to end its decadeslong credit-card partnership with&nbsp;Synchrony Financial.(Capital One Financial Corp. now issues Walmart-branded credit cards.) The retailer made Affirm loans available to most of its customers the following year.</p><p><blockquote>提高贷款审批的愿望是沃尔玛在2018年决定结束与Synchrony Financial长达数十年的信用卡合作伙伴关系的原因之一。（第一资本金融公司现在发行沃尔玛品牌的信用卡。）该零售商向大多数人提供了Affirm贷款次年其客户。</blockquote></p><p> “Our goal is financial inclusion for all,” said Julia Unger, Walmart’s vice president of financial services.</p><p><blockquote>“我们的目标是全民金融普惠，”沃尔玛金融服务副总裁朱莉娅·昂格尔(Julia Unger)表示。</blockquote></p><p> Some banks now offer installment options on their credit cards.Citigroup&nbsp;Inc.&nbsp;saw a sevenfold increase in the dollar amount of credit-card purchases converted to installment loans in July, compared with the same month a year prior, said Gonzalo Luchetti, head of Citigroup’s U.S. consumer bank.</p><p><blockquote>一些银行现在在信用卡上提供分期付款选项。花旗集团美国消费者银行主管贡萨洛·卢凯蒂(Gonzalo Luchetti)表示，与去年同期相比，花旗集团7月份转换为分期贷款的信用卡购买金额增加了7倍。</blockquote></p><p> Synchrony, the largest U.S. store-credit-card issuer, will launch a buy-now, pay-later plan in October. Capital One will test out its own offering later this year, CEO Richard Fairbank said at a conference Monday.</p><p><blockquote>美国最大的商店信用卡发行商Synchrony将于10月推出先买后付计划。第一资本首席执行官理查德·费尔班克(Richard Fairbank)在周一的一次会议上表示，第一资本将在今年晚些时候测试自己的产品。</blockquote></p><p> Wells Fargo &amp; Co. and&nbsp;Bank of America&nbsp;Corp.&nbsp;are exploring adding installment plans on their credit cards, according to people familiar with the matter.Visa&nbsp;Inc.&nbsp;said it has been testing out ways for shoppers to check if they qualify for installment plans when they enter their card numbers at checkout.</p><p><blockquote>据知情人士透露，富国银行(Wells Fargo&amp;Co.)和美国银行(Bank of America Corp.)正在探索在其信用卡上增加分期付款计划。Visa Inc.表示，该公司一直在测试如何让购物者在结账时输入卡号时检查自己是否有资格享受分期付款计划。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做。沃尔玛也是。为什么零售业喜欢“先买后付”。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做。沃尔玛也是。为什么零售业喜欢“先买后付”。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-09-16 22:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Retailers big and small are using installment plans to wring more sales out of shoppers who can’t get credit cards</p><p><blockquote>大大小小的零售商正在利用分期付款计划从无法获得信用卡的购物者那里榨取更多销售额</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/108a4007d95b3e93e4d3fe6d678d8339\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank, Macy’s CEO Jeff Gennette said on a recent earnings call.</span></p><p><blockquote><p class=\"t-img-caption\"><span>梅西百货首席执行官杰夫·根内特(Jeff Gennette)在最近的财报看涨期权上表示，当购物者使用克拉纳银行提供的分期付款计划时，他们会在梅西百货花费更多。</span></p></blockquote></p><p> Alexis Luedtke got her first “buy now, pay later” plan in 2019 after she was rejected for a credit card. She has used at least five more since to buy face cream, T-shirts and birthday gifts.</p><p><blockquote>Alexis Luedtke在信用卡被拒绝后，于2019年获得了她的第一个“先买后付”计划。从那以后，她至少又用了五次钱来买面霜、T恤和生日礼物。</blockquote></p><p> Installment plans are back&nbsp;in style.PayPal Holdings&nbsp;Inc.&nbsp;last week&nbsp;said it was buying Japanese installment payment startup&nbsp;Paidy Inc., following Square Inc.’s&nbsp;$29 billion deal&nbsp;for&nbsp;Afterpay&nbsp;Ltd.Macy’s&nbsp;Inc.&nbsp;and&nbsp;Bed Bath &amp; Beyond&nbsp;Inc.&nbsp;have added the option at checkout over the past year. Even&nbsp;Amazon.com&nbsp;Inc.&nbsp;is doing it.</p><p><blockquote>分期付款计划又重新流行起来。继Square Inc.以290亿美元收购Afterpay Ltd.之后，PayPal Holdings Inc.上周表示，将收购日本分期付款初创公司Paidy Inc.。梅西百货(Macy's Inc.)和贝德柏士比昂公司(Bed Bath&amp;Beyond Inc.)增加了过去一年结账时的选项。甚至亚马逊。com Inc.也在这么做。</blockquote></p><p> One reason: shoppers like Ms. Luedtke who don’t qualify for credit cards. Buy-now-pay-later companies say they rely less on—and in some cases bypass altogether—traditional credit scores and reports. Doing so allows them to approve more consumers. Shoppers gain the ability to buy things even without cash on hand—translating to higher sales for retailers.</p><p><blockquote>一个原因是：像Luedtke女士这样没有资格使用信用卡的购物者。先买后付的公司表示，他们较少依赖传统的信用评分和报告，在某些情况下甚至完全绕过传统的信用评分和报告。这样做可以让他们认可更多的消费者。购物者即使手头没有现金也能买到东西——这转化为零售商更高的销售额。</blockquote></p><p> Afterpay said it expects the company’s U.S. merchants will see an $8.2 billion increase in sales this year because of payment plans.Affirm Holdings&nbsp;Inc.&nbsp;last year said purchases made with its payment plans were 85% larger, on average.</p><p><blockquote>Afterpay表示，由于付款计划，预计该公司的美国商家今年的销售额将增加82亿美元。Affirm Holdings Inc.去年表示，通过其付款计划进行的购买量平均增加了85%。</blockquote></p><p> Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank AB, Macy’s CEO Jeff Gennette said on a recent earnings call. Klarna also is helping the retailer attract younger customers, he said.</p><p><blockquote>梅西百货首席执行官杰夫·根内特(Jeff Gennette)在最近的财报看涨期权上表示，当购物者使用Klarna Bank AB提供的分期付款计划时，他们会在梅西百货花费更多。他说，Klarna还在帮助零售商吸引年轻顾客。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/40620bab35c446816da175fb2334c05e\" tg-width=\"435\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> “The value that most retailers see in buy now, pay later is customer acquisition,” said David Sykes, Klarna’s North America head.</p><p><blockquote>Klarna北美负责人David Sykes表示：“大多数零售商认为先买后付的价值是获取客户。”</blockquote></p><p> Ms. Luedtke, 26, has credit cards now but still prefers installment plans. Just last month, she used them to buy about $40 of Peter Thomas Roth skin-care products and $65 in clothing from Shein.</p><p><blockquote>26岁的Luedtke女士现在有信用卡，但仍然更喜欢分期付款计划。就在上个月，她用它们从Shein购买了约40美元的Peter Thomas Roth护肤品和65美元的服装。</blockquote></p><p> “It definitely influences how much more I buy or would spend,” she said. “It’s easier to pay $200 over so many weeks compared to $200 right now.”</p><p><blockquote>“这肯定会影响我购买或花费的金额，”她说。“与现在的200美元相比，在这么多周内支付200美元更容易。”</blockquote></p><p> Buy now, pay later is a new twist on an old idea. Big retailers have for decades offered installment plans for big-ticket items like washing machines. Today, these plans come in a variety of flavors. Afterpay offers payment plans that shoppers usually attach to their debit cards. Others, like Affirm, also facilitate new loans.</p><p><blockquote>先买后付是对旧观念的新转变。几十年来，大型零售商一直为洗衣机等大件商品提供分期付款计划。如今，这些计划有多种形式。Afterpay提供购物者通常将其附加到借记卡上的付款计划。Affirm等其他公司也为新贷款提供便利。</blockquote></p><p> Interest rates and other terms vary by payment-plan provider. Affirm interest rates range from 0% to 30%, with some 43% of its transactions during its last fiscal year not charging interest at all. The company doesn’t charge late fees. Afterpay doesn’t charge interest but does collect late fees.</p><p><blockquote>利率和其他条款因付款计划提供商而异。Affirm的利率范围为0%至30%，上一财年约43%的交易根本不收取利息。公司不收取滞纳金。Afterpay不收取利息，但收取滞纳金。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/223a1da79b30869fc443b06f41a959eb\" tg-width=\"441\" tg-height=\"556\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Merchants take no credit risk with these plans, but the fees they incur can be higher than on credit-card purchases—often between 3% and 5% of the purchase price, according to people familiar with the matter.</p><p><blockquote>据知情人士透露，商家通过这些计划不承担信用风险，但他们产生的费用可能高于信用卡购物——通常在购买价格的3%至5%之间。</blockquote></p><p> Buy-now-pay-later companies say they can approve more customers than banks, including people who have thin or no borrowing history. Some 53 million adults in the U.S. lack traditional credit scores, according to FICO score creator&nbsp;Fair Isaac&nbsp;Corp.Installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.</p><p><blockquote>先买后付的公司表示，他们可以批准比银行更多的客户，包括没有借贷历史或没有借贷历史的人。根据FICO评分创建者Fair Isaac Corp.的数据，美国约有5300万成年人缺乏传统信用评分。他们表示，分期付款计划更安全，因为它们通常小于信用卡支出限额，并且按每笔交易获得批准。</blockquote></p><p> Affirm said that it had a net charge-off rate of 1% in the quarter ended June 30, down from 2% a year earlier. Afterpay said it wrote off 0.6% of the total dollars it processed in payments during the company’s fiscal year ended June 30, up from 0.4% the year prior.</p><p><blockquote>Affirm表示，截至6月30日的季度净冲销率为1%，低于去年同期的2%。Afterpay表示，在截至6月30日的财年中，该公司注销了其处理的支付总额的0.6%，高于上年的0.4%。</blockquote></p><p> Working with a web of retailers, buy-now-pay-later companies can create self-contained payment ecosystems. They factor payment behavior into future underwriting decisions. Customers who pay late or not at all risk losing the installment option at other participating retailers.</p><p><blockquote>通过与零售商网络合作，先买后付的公司可以创建独立的支付生态系统。他们将支付行为纳入未来的承保决策中。延迟付款或根本不付款的客户可能会失去其他参与零售商的分期付款选项。</blockquote></p><p> “Most merchants want a partner who has real advantage and real ability to underwrite,” said Affirm CEO Max Levchin. “These are not deeper approvals, but they are different approvals.”</p><p><blockquote>Affirm首席执行官Max Levchin表示：“大多数商家都想要一个拥有真正优势和真正承保能力的合作伙伴。”“这些不是更深层次的审批，而是不同的审批。”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f0a5ab7e1c7d6de154b68c230f13b49\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>Affirm facilitates new loans among other payment plans.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Affirm在其他付款计划中促进新贷款。</span></p></blockquote></p><p></p><p> Amazon&nbsp;and&nbsp;Walmart&nbsp;Inc.&nbsp;are both working with Affirm. Both have said they want their financial partners to extend credit to more of their customers.</p><p><blockquote>亚马逊和沃尔玛公司都在与Affirm合作。两家公司都表示，他们希望金融合作伙伴向更多客户提供信贷。</blockquote></p><p> Amazon is reviewing proposals, as it weighs whether to replace its longtime card issuer, JPMorgan Chase &amp; Co. Amazon is looking for “commitments to underwrite competitively to widen the acquisition funnel,” the retailer said in a request for proposals reviewed by The Wall Street Journal.</p><p><blockquote>亚马逊正在审查提案，因为它正在权衡是否取代其长期发卡机构摩根大通公司。该零售商在《华尔街日报》审查的提案请求中表示，亚马逊正在寻求“有竞争力的承销承诺，以扩大收购漏斗”。</blockquote></p><p> A desire to boost loan approvals was among the reasons Walmart in 2018 decided to end its decadeslong credit-card partnership with&nbsp;Synchrony Financial.(Capital One Financial Corp. now issues Walmart-branded credit cards.) The retailer made Affirm loans available to most of its customers the following year.</p><p><blockquote>提高贷款审批的愿望是沃尔玛在2018年决定结束与Synchrony Financial长达数十年的信用卡合作伙伴关系的原因之一。（第一资本金融公司现在发行沃尔玛品牌的信用卡。）该零售商向大多数人提供了Affirm贷款次年其客户。</blockquote></p><p> “Our goal is financial inclusion for all,” said Julia Unger, Walmart’s vice president of financial services.</p><p><blockquote>“我们的目标是全民金融普惠，”沃尔玛金融服务副总裁朱莉娅·昂格尔(Julia Unger)表示。</blockquote></p><p> Some banks now offer installment options on their credit cards.Citigroup&nbsp;Inc.&nbsp;saw a sevenfold increase in the dollar amount of credit-card purchases converted to installment loans in July, compared with the same month a year prior, said Gonzalo Luchetti, head of Citigroup’s U.S. consumer bank.</p><p><blockquote>一些银行现在在信用卡上提供分期付款选项。花旗集团美国消费者银行主管贡萨洛·卢凯蒂(Gonzalo Luchetti)表示，与去年同期相比，花旗集团7月份转换为分期贷款的信用卡购买金额增加了7倍。</blockquote></p><p> Synchrony, the largest U.S. store-credit-card issuer, will launch a buy-now, pay-later plan in October. Capital One will test out its own offering later this year, CEO Richard Fairbank said at a conference Monday.</p><p><blockquote>美国最大的商店信用卡发行商Synchrony将于10月推出先买后付计划。第一资本首席执行官理查德·费尔班克(Richard Fairbank)在周一的一次会议上表示，第一资本将在今年晚些时候测试自己的产品。</blockquote></p><p> Wells Fargo &amp; Co. and&nbsp;Bank of America&nbsp;Corp.&nbsp;are exploring adding installment plans on their credit cards, according to people familiar with the matter.Visa&nbsp;Inc.&nbsp;said it has been testing out ways for shoppers to check if they qualify for installment plans when they enter their card numbers at checkout.</p><p><blockquote>据知情人士透露，富国银行(Wells Fargo&amp;Co.)和美国银行(Bank of America Corp.)正在探索在其信用卡上增加分期付款计划。Visa Inc.表示，该公司一直在测试如何让购物者在结账时输入卡号时检查自己是否有资格享受分期付款计划。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/amazon-is-doing-it-so-is-walmart-why-retail-loves-buy-now-pay-later-11631784601?mod=hp_lead_pos10\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","AFRM":"Affirm Holdings, Inc.","M":"梅西百货","WMT":"沃尔玛","V":"Visa","PYPL":"PayPal"},"source_url":"https://www.wsj.com/articles/amazon-is-doing-it-so-is-walmart-why-retail-loves-buy-now-pay-later-11631784601?mod=hp_lead_pos10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168707929","content_text":"Retailers big and small are using installment plans to wring more sales out of shoppers who can’t get credit cards\nShoppers spend more at Macy’s when they use installment plans offered through Klarna Bank, Macy’s CEO Jeff Gennette said on a recent earnings call.\nAlexis Luedtke got her first “buy now, pay later” plan in 2019 after she was rejected for a credit card. She has used at least five more since to buy face cream, T-shirts and birthday gifts.\nInstallment plans are back in style.PayPal Holdings Inc. last week said it was buying Japanese installment payment startup Paidy Inc., following Square Inc.’s $29 billion deal for Afterpay Ltd.Macy’s Inc. and Bed Bath & Beyond Inc. have added the option at checkout over the past year. Even Amazon.com Inc. is doing it.\nOne reason: shoppers like Ms. Luedtke who don’t qualify for credit cards. Buy-now-pay-later companies say they rely less on—and in some cases bypass altogether—traditional credit scores and reports. Doing so allows them to approve more consumers. Shoppers gain the ability to buy things even without cash on hand—translating to higher sales for retailers.\nAfterpay said it expects the company’s U.S. merchants will see an $8.2 billion increase in sales this year because of payment plans.Affirm Holdings Inc. last year said purchases made with its payment plans were 85% larger, on average.\nShoppers spend more at Macy’s when they use installment plans offered through Klarna Bank AB, Macy’s CEO Jeff Gennette said on a recent earnings call. Klarna also is helping the retailer attract younger customers, he said.\n\n“The value that most retailers see in buy now, pay later is customer acquisition,” said David Sykes, Klarna’s North America head.\nMs. Luedtke, 26, has credit cards now but still prefers installment plans. Just last month, she used them to buy about $40 of Peter Thomas Roth skin-care products and $65 in clothing from Shein.\n“It definitely influences how much more I buy or would spend,” she said. “It’s easier to pay $200 over so many weeks compared to $200 right now.”\nBuy now, pay later is a new twist on an old idea. Big retailers have for decades offered installment plans for big-ticket items like washing machines. Today, these plans come in a variety of flavors. Afterpay offers payment plans that shoppers usually attach to their debit cards. Others, like Affirm, also facilitate new loans.\nInterest rates and other terms vary by payment-plan provider. Affirm interest rates range from 0% to 30%, with some 43% of its transactions during its last fiscal year not charging interest at all. The company doesn’t charge late fees. Afterpay doesn’t charge interest but does collect late fees.\n\nMerchants take no credit risk with these plans, but the fees they incur can be higher than on credit-card purchases—often between 3% and 5% of the purchase price, according to people familiar with the matter.\nBuy-now-pay-later companies say they can approve more customers than banks, including people who have thin or no borrowing history. Some 53 million adults in the U.S. lack traditional credit scores, according to FICO score creator Fair Isaac Corp.Installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.\nAffirm said that it had a net charge-off rate of 1% in the quarter ended June 30, down from 2% a year earlier. Afterpay said it wrote off 0.6% of the total dollars it processed in payments during the company’s fiscal year ended June 30, up from 0.4% the year prior.\nWorking with a web of retailers, buy-now-pay-later companies can create self-contained payment ecosystems. They factor payment behavior into future underwriting decisions. Customers who pay late or not at all risk losing the installment option at other participating retailers.\n“Most merchants want a partner who has real advantage and real ability to underwrite,” said Affirm CEO Max Levchin. “These are not deeper approvals, but they are different approvals.”\nAffirm facilitates new loans among other payment plans.\nAmazon and Walmart Inc. are both working with Affirm. Both have said they want their financial partners to extend credit to more of their customers.\nAmazon is reviewing proposals, as it weighs whether to replace its longtime card issuer, JPMorgan Chase & Co. Amazon is looking for “commitments to underwrite competitively to widen the acquisition funnel,” the retailer said in a request for proposals reviewed by The Wall Street Journal.\nA desire to boost loan approvals was among the reasons Walmart in 2018 decided to end its decadeslong credit-card partnership with Synchrony Financial.(Capital One Financial Corp. now issues Walmart-branded credit cards.) The retailer made Affirm loans available to most of its customers the following year.\n“Our goal is financial inclusion for all,” said Julia Unger, Walmart’s vice president of financial services.\nSome banks now offer installment options on their credit cards.Citigroup Inc. saw a sevenfold increase in the dollar amount of credit-card purchases converted to installment loans in July, compared with the same month a year prior, said Gonzalo Luchetti, head of Citigroup’s U.S. consumer bank.\nSynchrony, the largest U.S. store-credit-card issuer, will launch a buy-now, pay-later plan in October. Capital One will test out its own offering later this year, CEO Richard Fairbank said at a conference Monday.\nWells Fargo & Co. and Bank of America Corp. are exploring adding installment plans on their credit cards, according to people familiar with the matter.Visa Inc. said it has been testing out ways for shoppers to check if they qualify for installment plans when they enter their card numbers at checkout.","news_type":1,"symbols_score_info":{"V":0.9,"WMT":0.9,"AFRM":0.9,"SQ":0.9,"PYPL":0.9,"AMZN":0.9,"M":0.9}},"isVote":1,"tweetType":1,"viewCount":833,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889154675,"gmtCreate":1631118074297,"gmtModify":1631889356823,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/889154675","repostId":"1185415782","repostType":4,"repost":{"id":"1185415782","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631109899,"share":"https://www.laohu8.com/m/news/1185415782?lang=zh_CN&edition=full","pubTime":"2021-09-08 22:04","market":"us","language":"en","title":"Chinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185415782","media":"Tiger Newspress","summary":"(Sept 8) Chinese EV stocks are down in early trading.  NIO, Xpeng fell over 5%, Li fell over 3%.","content":"<p>(Sept 8)&nbsp;Chinese&nbsp;EV stocks&nbsp;are&nbsp;down&nbsp;in&nbsp;early&nbsp;trading.&nbsp;&nbsp;NIO,&nbsp;Xpeng&nbsp;fell&nbsp;over&nbsp;5%,&nbsp;Li&nbsp;fell&nbsp;over&nbsp;3%.</p><p><blockquote>（9月8日）中国电动汽车股早盘下跌。蔚来、小鹏汽车跌超5%，理想汽车跌超3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5c8522469d717c9ea7cfe197df22bf04\" tg-width=\"279\" tg-height=\"290\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</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\">\nChinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-08 22:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 8)&nbsp;Chinese&nbsp;EV stocks&nbsp;are&nbsp;down&nbsp;in&nbsp;early&nbsp;trading.&nbsp;&nbsp;NIO,&nbsp;Xpeng&nbsp;fell&nbsp;over&nbsp;5%,&nbsp;Li&nbsp;fell&nbsp;over&nbsp;3%.</p><p><blockquote>（9月8日）中国电动汽车股早盘下跌。蔚来、小鹏汽车跌超5%，理想汽车跌超3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5c8522469d717c9ea7cfe197df22bf04\" tg-width=\"279\" tg-height=\"290\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","09868":"小鹏汽车-W","02015":"理想汽车-W","LI":"理想汽车","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185415782","content_text":"(Sept 8) Chinese EV stocks are down in early trading.  NIO, Xpeng fell over 5%, Li fell over 3%.","news_type":1,"symbols_score_info":{"NIO":0.9,"09868":0.9,"XPEV":0.9,"02015":0.9,"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817671000,"gmtCreate":1630961538800,"gmtModify":1631889356834,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817671000","repostId":"1127035937","repostType":4,"repost":{"id":"1127035937","kind":"news","pubTimestamp":1630634731,"share":"https://www.laohu8.com/m/news/1127035937?lang=zh_CN&edition=full","pubTime":"2021-09-03 10:05","market":"us","language":"en","title":"Apple relaxes App Store rules for services such as Spotify and Netflix<blockquote>苹果放宽了Spotify和Netflix等服务的应用商店规则</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127035937","media":"cnn","summary":"Hong Kong (CNN Business)Apple will allow companies such as Spotify (SPOT) and Netflix (NFLX) to dire","content":"<p>Hong Kong (CNN Business)Apple will allow companies such as Spotify (SPOT) and Netflix (NFLX) to direct customers to their own websites to make payments, allowing them to more easily avoid fees levied by the App Store.</p><p><blockquote>港（CNN Business）苹果将允许Spotify（SPOT）和Netflix（NFLX）等公司将客户引导到自己的网站进行支付，使他们能够更轻松地避免App Store征收的费用。</blockquote></p><p> The iPhone maker's latest concession in a long-standing fight with app developers was announced Wednesday in response to an investigation initiated by Japan's Fair Trade Commission.</p><p><blockquote>这家iPhone制造商周三宣布了在与应用程序开发商的长期斗争中的最新让步，以回应日本公平贸易委员会发起的调查。</blockquote></p><p> The update — which will take effect in early 2022, and applies worldwide — will allow developers of what Apple (AAPL) calls \"reader\" apps to insert a link out to external websites and let people set up or manage their accounts there.</p><p><blockquote>此次更新将于2022年初生效，并在全球范围内适用，将允许苹果(AAPL)评级“阅读器”应用程序的开发者插入外部网站的链接，并让人们在那里设置或管理他们的账户。</blockquote></p><p> Such apps provide previously purchased content or subscriptions for magazines, newspapers, books, audio, music and video, according to Apple. Amazon Video and Kindle are also frequently cited as examples of reader apps.</p><p><blockquote>苹果表示，此类应用程序提供之前购买的内容或杂志、报纸、书籍、音频、音乐和视频的订阅。亚马逊视频和Kindle也经常被引用为阅读器应用的例子。</blockquote></p><p> Spotify and Netflix once allowed users to pay for services in-app, but have since stopped that form of billing for new members amid a dispute with Apple over the hefty commission it charges. Downloading the Netflix app, for example, will allow you to sign in — but only if you have an existing account. The app otherwise tells you to \"join and come back\" once you have an account.</p><p><blockquote>Spotify和Netflix曾经允许用户为应用内服务付费，但由于与苹果就其收取的高额佣金发生纠纷，Spotify和Netflix停止了对新会员的这种计费形式。例如，下载网飞应用程序将允许你登录——但前提是你有一个现有的帐户。否则，一旦您拥有帐户，该应用程序会告诉您“加入并返回”。</blockquote></p><p> Spotify did not immediately respond to a request from CNN Business for comment about the change. Netflix declined to comment.</p><p><blockquote>Spotify没有立即回应CNN Business就这一变化发表评论的请求。Netflix拒绝置评。</blockquote></p><p> \"To ensure a safe and seamless user experience, the App Store's guidelines require developers to sell digital services and subscriptions using Apple's in-app payment system,\" Apple said, adding that it is allowing for the change \"because developers of reader apps do not offer in-app digital goods and services for purchase.\"</p><p><blockquote>苹果表示：“为了确保安全、无缝的用户体验，App Store的指导方针要求开发者使用苹果的应用内支付系统销售数字服务和订阅。”他补充说，它允许这一变化，“因为阅读器应用程序的开发者不提供可供购买的应用内数字商品和服务。”</blockquote></p><p> The update will make it easier for some developers to bypass hefty charges imposed by Apple. The company's commissions go as high as 30% on some purchases made through its platform. Developers have said they have little choice but to comply, since Apple does not allow customers to download apps from any source other than the company's official store.</p><p><blockquote>此次更新将使一些开发商更容易绕过苹果征收的高额费用。该公司通过其平台进行的某些购买的佣金高达30%。开发者表示，他们别无选择，只能遵守，因为苹果不允许客户从该公司官方商店以外的任何来源下载应用程序。</blockquote></p><p> <b>'Divide and conquer'?</b></p><p><blockquote><b>“分而治之”？</b></blockquote></p><p> The issue is at the heart of an EU antitrust investigation and a lawsuit brought against Apple by Fortnite-maker Epic Games. A verdict in the Fortnite case is due any day now. Epic CEO Tim Sweeney tweeted late Wednesday that Apple's \"special deal\" for some media apps amounted to the latest in a \"day-by-day recalculation of divide and conquer in hopes of getting away with most of their tying practices.\"</p><p><blockquote>这个问题是欧盟反垄断调查和堡垒之夜制造商Epic Games对苹果提起诉讼的核心。堡垒之夜案随时都会有判决。Epic首席执行官蒂姆·斯威尼(Tim Sweeney)周三晚间在推特上表示，苹果对一些媒体应用程序的“特别交易”相当于“每天重新计算分而治之的方式，希望摆脱他们的大部分搭售行为”。</blockquote></p><p> \"Apple should open up iOS on the basis of hardware, stores, payments and services each competing individually and on their merits,\" he wrote.</p><p><blockquote>他写道：“苹果应该在硬件、商店、支付和服务的基础上开放iOS，每一个都各自竞争，并根据各自的优点。”</blockquote></p><p> Apple's announcement comes about a week after the company said it would relax some restrictions on how iPhone app makers could communicate with customers outside its App Store.</p><p><blockquote>苹果宣布这一消息大约一周前，该公司表示将放宽对iPhone应用程序制造商如何在其应用商店之外与客户沟通的一些限制。</blockquote></p><p> The company said last week that \"developers can use communications, such as email, to share information about payment methods outside of their iOS app,\" as long as users consent to receiving those emails and have the right to opt out.</p><p><blockquote>该公司上周表示，“开发者可以使用电子邮件等通信方式来分享iOS应用程序之外的支付方式信息”，只要用户同意接收这些电子邮件并有权选择退出。</blockquote></p><p> The announcement also comes after South Korea passed a law that will allow developers to select which payment systems to use to process in-app purchases. That means they may be able to bypass hefty charges imposed by Apple and Google (GOOGL).</p><p><blockquote>此前，韩国通过了一项法律，允许开发者选择使用哪些支付系统来处理应用内购买。这意味着他们或许能够绕过苹果和谷歌（GOOGL）征收的高额费用。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple relaxes App Store rules for services such as Spotify and Netflix<blockquote>苹果放宽了Spotify和Netflix等服务的应用商店规则</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\">\nApple relaxes App Store rules for services such as Spotify and Netflix<blockquote>苹果放宽了Spotify和Netflix等服务的应用商店规则</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cnn</strong><span class=\"h-time small\">2021-09-03 10:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Hong Kong (CNN Business)Apple will allow companies such as Spotify (SPOT) and Netflix (NFLX) to direct customers to their own websites to make payments, allowing them to more easily avoid fees levied by the App Store.</p><p><blockquote>港（CNN Business）苹果将允许Spotify（SPOT）和Netflix（NFLX）等公司将客户引导到自己的网站进行支付，使他们能够更轻松地避免App Store征收的费用。</blockquote></p><p> The iPhone maker's latest concession in a long-standing fight with app developers was announced Wednesday in response to an investigation initiated by Japan's Fair Trade Commission.</p><p><blockquote>这家iPhone制造商周三宣布了在与应用程序开发商的长期斗争中的最新让步，以回应日本公平贸易委员会发起的调查。</blockquote></p><p> The update — which will take effect in early 2022, and applies worldwide — will allow developers of what Apple (AAPL) calls \"reader\" apps to insert a link out to external websites and let people set up or manage their accounts there.</p><p><blockquote>此次更新将于2022年初生效，并在全球范围内适用，将允许苹果(AAPL)评级“阅读器”应用程序的开发者插入外部网站的链接，并让人们在那里设置或管理他们的账户。</blockquote></p><p> Such apps provide previously purchased content or subscriptions for magazines, newspapers, books, audio, music and video, according to Apple. Amazon Video and Kindle are also frequently cited as examples of reader apps.</p><p><blockquote>苹果表示，此类应用程序提供之前购买的内容或杂志、报纸、书籍、音频、音乐和视频的订阅。亚马逊视频和Kindle也经常被引用为阅读器应用的例子。</blockquote></p><p> Spotify and Netflix once allowed users to pay for services in-app, but have since stopped that form of billing for new members amid a dispute with Apple over the hefty commission it charges. Downloading the Netflix app, for example, will allow you to sign in — but only if you have an existing account. The app otherwise tells you to \"join and come back\" once you have an account.</p><p><blockquote>Spotify和Netflix曾经允许用户为应用内服务付费，但由于与苹果就其收取的高额佣金发生纠纷，Spotify和Netflix停止了对新会员的这种计费形式。例如，下载网飞应用程序将允许你登录——但前提是你有一个现有的帐户。否则，一旦您拥有帐户，该应用程序会告诉您“加入并返回”。</blockquote></p><p> Spotify did not immediately respond to a request from CNN Business for comment about the change. Netflix declined to comment.</p><p><blockquote>Spotify没有立即回应CNN Business就这一变化发表评论的请求。Netflix拒绝置评。</blockquote></p><p> \"To ensure a safe and seamless user experience, the App Store's guidelines require developers to sell digital services and subscriptions using Apple's in-app payment system,\" Apple said, adding that it is allowing for the change \"because developers of reader apps do not offer in-app digital goods and services for purchase.\"</p><p><blockquote>苹果表示：“为了确保安全、无缝的用户体验，App Store的指导方针要求开发者使用苹果的应用内支付系统销售数字服务和订阅。”他补充说，它允许这一变化，“因为阅读器应用程序的开发者不提供可供购买的应用内数字商品和服务。”</blockquote></p><p> The update will make it easier for some developers to bypass hefty charges imposed by Apple. The company's commissions go as high as 30% on some purchases made through its platform. Developers have said they have little choice but to comply, since Apple does not allow customers to download apps from any source other than the company's official store.</p><p><blockquote>此次更新将使一些开发商更容易绕过苹果征收的高额费用。该公司通过其平台进行的某些购买的佣金高达30%。开发者表示，他们别无选择，只能遵守，因为苹果不允许客户从该公司官方商店以外的任何来源下载应用程序。</blockquote></p><p> <b>'Divide and conquer'?</b></p><p><blockquote><b>“分而治之”？</b></blockquote></p><p> The issue is at the heart of an EU antitrust investigation and a lawsuit brought against Apple by Fortnite-maker Epic Games. A verdict in the Fortnite case is due any day now. Epic CEO Tim Sweeney tweeted late Wednesday that Apple's \"special deal\" for some media apps amounted to the latest in a \"day-by-day recalculation of divide and conquer in hopes of getting away with most of their tying practices.\"</p><p><blockquote>这个问题是欧盟反垄断调查和堡垒之夜制造商Epic Games对苹果提起诉讼的核心。堡垒之夜案随时都会有判决。Epic首席执行官蒂姆·斯威尼(Tim Sweeney)周三晚间在推特上表示，苹果对一些媒体应用程序的“特别交易”相当于“每天重新计算分而治之的方式，希望摆脱他们的大部分搭售行为”。</blockquote></p><p> \"Apple should open up iOS on the basis of hardware, stores, payments and services each competing individually and on their merits,\" he wrote.</p><p><blockquote>他写道：“苹果应该在硬件、商店、支付和服务的基础上开放iOS，每一个都各自竞争，并根据各自的优点。”</blockquote></p><p> Apple's announcement comes about a week after the company said it would relax some restrictions on how iPhone app makers could communicate with customers outside its App Store.</p><p><blockquote>苹果宣布这一消息大约一周前，该公司表示将放宽对iPhone应用程序制造商如何在其应用商店之外与客户沟通的一些限制。</blockquote></p><p> The company said last week that \"developers can use communications, such as email, to share information about payment methods outside of their iOS app,\" as long as users consent to receiving those emails and have the right to opt out.</p><p><blockquote>该公司上周表示，“开发者可以使用电子邮件等通信方式来分享iOS应用程序之外的支付方式信息”，只要用户同意接收这些电子邮件并有权选择退出。</blockquote></p><p> The announcement also comes after South Korea passed a law that will allow developers to select which payment systems to use to process in-app purchases. That means they may be able to bypass hefty charges imposed by Apple and Google (GOOGL).</p><p><blockquote>此前，韩国通过了一项法律，允许开发者选择使用哪些支付系统来处理应用内购买。这意味着他们或许能够绕过苹果和谷歌（GOOGL）征收的高额费用。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/09/02/tech/apple-app-store-changes-intl-hnk/index.html\">cnn</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPOT":"Spotify Technology S.A.","NFLX":"奈飞","AAPL":"苹果"},"source_url":"https://edition.cnn.com/2021/09/02/tech/apple-app-store-changes-intl-hnk/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127035937","content_text":"Hong Kong (CNN Business)Apple will allow companies such as Spotify (SPOT) and Netflix (NFLX) to direct customers to their own websites to make payments, allowing them to more easily avoid fees levied by the App Store.\nThe iPhone maker's latest concession in a long-standing fight with app developers was announced Wednesday in response to an investigation initiated by Japan's Fair Trade Commission.\nThe update — which will take effect in early 2022, and applies worldwide — will allow developers of what Apple (AAPL) calls \"reader\" apps to insert a link out to external websites and let people set up or manage their accounts there.\nSuch apps provide previously purchased content or subscriptions for magazines, newspapers, books, audio, music and video, according to Apple. Amazon Video and Kindle are also frequently cited as examples of reader apps.\nSpotify and Netflix once allowed users to pay for services in-app, but have since stopped that form of billing for new members amid a dispute with Apple over the hefty commission it charges. Downloading the Netflix app, for example, will allow you to sign in — but only if you have an existing account. The app otherwise tells you to \"join and come back\" once you have an account.\nSpotify did not immediately respond to a request from CNN Business for comment about the change. Netflix declined to comment.\n\"To ensure a safe and seamless user experience, the App Store's guidelines require developers to sell digital services and subscriptions using Apple's in-app payment system,\" Apple said, adding that it is allowing for the change \"because developers of reader apps do not offer in-app digital goods and services for purchase.\"\nThe update will make it easier for some developers to bypass hefty charges imposed by Apple. The company's commissions go as high as 30% on some purchases made through its platform. Developers have said they have little choice but to comply, since Apple does not allow customers to download apps from any source other than the company's official store.\n'Divide and conquer'?\nThe issue is at the heart of an EU antitrust investigation and a lawsuit brought against Apple by Fortnite-maker Epic Games. A verdict in the Fortnite case is due any day now. Epic CEO Tim Sweeney tweeted late Wednesday that Apple's \"special deal\" for some media apps amounted to the latest in a \"day-by-day recalculation of divide and conquer in hopes of getting away with most of their tying practices.\"\n\"Apple should open up iOS on the basis of hardware, stores, payments and services each competing individually and on their merits,\" he wrote.\nApple's announcement comes about a week after the company said it would relax some restrictions on how iPhone app makers could communicate with customers outside its App Store.\nThe company said last week that \"developers can use communications, such as email, to share information about payment methods outside of their iOS app,\" as long as users consent to receiving those emails and have the right to opt out.\nThe announcement also comes after South Korea passed a law that will allow developers to select which payment systems to use to process in-app purchases. That means they may be able to bypass hefty charges imposed by Apple and Google (GOOGL).","news_type":1,"symbols_score_info":{"AAPL":0.9,"SPOT":0.9,"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817673715,"gmtCreate":1630961499137,"gmtModify":1631889356844,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817673715","repostId":"1149410892","repostType":4,"repost":{"id":"1149410892","kind":"news","pubTimestamp":1630932652,"share":"https://www.laohu8.com/m/news/1149410892?lang=zh_CN&edition=full","pubTime":"2021-09-06 20:50","market":"us","language":"en","title":"Tesla Reportedly Targeting $25,000 \"Model 2\" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到2023年推出售价25,000美元的无方向盘“Model 2”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149410892","media":"zerohedge","summary":"Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid","content":"<p>Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid robot\", Elon Musk may be seeking to one-up himself by reportedly telling his employees that Tesla is going to release a $25,000 car in 2023.</p><p><blockquote>显然，在过去几周里，随着“特斯拉人形机器人”的曝光，Elon Musk还没有撒足够的谎，据报道，Elon Musk可能正在寻求超越自己，据报道，Elon Musk告诉他的员工，特斯拉将在2023年发布一款价值25,000美元的汽车。</blockquote></p><p> Landing hours aftera reportthat Apple was seeking to have a mass market vehicle in production by 2024,&nbsp;<i>electrek</i>reportedthat Tesla is aiming to release the proposed $25,000 vehicle<i>without a steering wheel.</i></p><p><blockquote>在有报道称苹果寻求在2024年之前生产一款大众市场汽车几小时后，<i>电子</i>据报道，特斯拉计划发布这款售价25,000美元的汽车<i>没有方向盘。</i></blockquote></p><p> Musk first announced the idea of a $25,000 vehicle at Tesla's battery day last year,<i>electrek</i>notes<i>.</i>Musk is hoping to be able to hit the $25,000 price point by leveraging a new battery cell and manufacturing process, which eventually could reduce the costs associated with a battery by over 50%.</p><p><blockquote>马斯克去年在特斯拉电池日首次宣布了2.5万美元汽车的想法，<i>电子</i>附注<i>.</i>马斯克希望能够通过利用新的电池单元和制造工艺达到25,000美元的价格点，最终可以将电池相关成本降低50%以上。</blockquote></p><p> There has been little in the way of updates as to how that battery effort is moving along since then.</p><p><blockquote>从那时起，关于电池工作进展情况的更新很少。</blockquote></p><p> Musk is also hoping the new vehicle, which has been unofficially dubbed the \"Model 2\", will be fully autonomous.&nbsp;“Do we want to have this car come with a steering wheel and pedals?” Musk reportedly asked his employees, suggesting the vehicle may not need them.</p><p><blockquote>马斯克还希望这款被非正式称为“Model 2”的新车能够完全自动驾驶。“我们希望这款车配备方向盘和踏板吗？”据报道，马斯克询问了他的员工，暗示这辆车可能不需要他们。</blockquote></p><p> Renderings show it as a compact style hatchback.</p><p><blockquote>效果图显示它是一款紧凑型掀背车。</blockquote></p><p> Last year, Tesla disclosed plans to establish a research and development center in China to help build a \"Chinese style\" electric vehicle, which may wind up being similar, or the same, as the proposed \"Model 2\".</p><p><blockquote>去年，特斯拉披露了在中国建立研发中心的计划，以帮助打造一款“中国式”电动汽车，这款汽车最终可能与拟议中的“Model 2”相似或相同。</blockquote></p><p> Sources told&nbsp;<i>electrek</i>production could start as soon as 2023. We'll take the \"over\" on that timeline, as usual, when it comes to matters of Musk's promises. The report concluded by stating that the company's progress on Full Self Driving will dictate whether or not the Model 2 will be autonomous. With that being the case, not only do we think proposed goals about the timeline are likely misguided, but we're not holding out hope for autonomy, either.</p><p><blockquote>消息人士告诉<i>电子</i>生产最早可能于2023年开始。像往常一样，当涉及到马斯克的承诺时，我们将在这个时间表上“接管”。该报告最后指出，该公司在全自动驾驶方面的进展将决定Model 2是否会实现自动驾驶。在这种情况下，我们不仅认为关于时间表的拟议目标可能是错误的，而且我们也不对自治抱有希望。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Reportedly Targeting $25,000 \"Model 2\" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到2023年推出售价25,000美元的无方向盘“Model 2”</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 Reportedly Targeting $25,000 \"Model 2\" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到2023年推出售价25,000美元的无方向盘“Model 2”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-09-06 20:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid robot\", Elon Musk may be seeking to one-up himself by reportedly telling his employees that Tesla is going to release a $25,000 car in 2023.</p><p><blockquote>显然，在过去几周里，随着“特斯拉人形机器人”的曝光，Elon Musk还没有撒足够的谎，据报道，Elon Musk可能正在寻求超越自己，据报道，Elon Musk告诉他的员工，特斯拉将在2023年发布一款价值25,000美元的汽车。</blockquote></p><p> Landing hours aftera reportthat Apple was seeking to have a mass market vehicle in production by 2024,&nbsp;<i>electrek</i>reportedthat Tesla is aiming to release the proposed $25,000 vehicle<i>without a steering wheel.</i></p><p><blockquote>在有报道称苹果寻求在2024年之前生产一款大众市场汽车几小时后，<i>电子</i>据报道，特斯拉计划发布这款售价25,000美元的汽车<i>没有方向盘。</i></blockquote></p><p> Musk first announced the idea of a $25,000 vehicle at Tesla's battery day last year,<i>electrek</i>notes<i>.</i>Musk is hoping to be able to hit the $25,000 price point by leveraging a new battery cell and manufacturing process, which eventually could reduce the costs associated with a battery by over 50%.</p><p><blockquote>马斯克去年在特斯拉电池日首次宣布了2.5万美元汽车的想法，<i>电子</i>附注<i>.</i>马斯克希望能够通过利用新的电池单元和制造工艺达到25,000美元的价格点，最终可以将电池相关成本降低50%以上。</blockquote></p><p> There has been little in the way of updates as to how that battery effort is moving along since then.</p><p><blockquote>从那时起，关于电池工作进展情况的更新很少。</blockquote></p><p> Musk is also hoping the new vehicle, which has been unofficially dubbed the \"Model 2\", will be fully autonomous.&nbsp;“Do we want to have this car come with a steering wheel and pedals?” Musk reportedly asked his employees, suggesting the vehicle may not need them.</p><p><blockquote>马斯克还希望这款被非正式称为“Model 2”的新车能够完全自动驾驶。“我们希望这款车配备方向盘和踏板吗？”据报道，马斯克询问了他的员工，暗示这辆车可能不需要他们。</blockquote></p><p> Renderings show it as a compact style hatchback.</p><p><blockquote>效果图显示它是一款紧凑型掀背车。</blockquote></p><p> Last year, Tesla disclosed plans to establish a research and development center in China to help build a \"Chinese style\" electric vehicle, which may wind up being similar, or the same, as the proposed \"Model 2\".</p><p><blockquote>去年，特斯拉披露了在中国建立研发中心的计划，以帮助打造一款“中国式”电动汽车，这款汽车最终可能与拟议中的“Model 2”相似或相同。</blockquote></p><p> Sources told&nbsp;<i>electrek</i>production could start as soon as 2023. We'll take the \"over\" on that timeline, as usual, when it comes to matters of Musk's promises. The report concluded by stating that the company's progress on Full Self Driving will dictate whether or not the Model 2 will be autonomous. With that being the case, not only do we think proposed goals about the timeline are likely misguided, but we're not holding out hope for autonomy, either.</p><p><blockquote>消息人士告诉<i>电子</i>生产最早可能于2023年开始。像往常一样，当涉及到马斯克的承诺时，我们将在这个时间表上“接管”。该报告最后指出，该公司在全自动驾驶方面的进展将决定Model 2是否会实现自动驾驶。在这种情况下，我们不仅认为关于时间表的拟议目标可能是错误的，而且我们也不对自治抱有希望。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/tesla-reportedly-targeting-25000-model-2-no-steering-wheel-2023\">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":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/tesla-reportedly-targeting-25000-model-2-no-steering-wheel-2023","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149410892","content_text":"Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid robot\", Elon Musk may be seeking to one-up himself by reportedly telling his employees that Tesla is going to release a $25,000 car in 2023.\nLanding hours aftera reportthat Apple was seeking to have a mass market vehicle in production by 2024, electrekreportedthat Tesla is aiming to release the proposed $25,000 vehiclewithout a steering wheel.\nMusk first announced the idea of a $25,000 vehicle at Tesla's battery day last year,electreknotes.Musk is hoping to be able to hit the $25,000 price point by leveraging a new battery cell and manufacturing process, which eventually could reduce the costs associated with a battery by over 50%.\nThere has been little in the way of updates as to how that battery effort is moving along since then.\nMusk is also hoping the new vehicle, which has been unofficially dubbed the \"Model 2\", will be fully autonomous. “Do we want to have this car come with a steering wheel and pedals?” Musk reportedly asked his employees, suggesting the vehicle may not need them.\nRenderings show it as a compact style hatchback.\nLast year, Tesla disclosed plans to establish a research and development center in China to help build a \"Chinese style\" electric vehicle, which may wind up being similar, or the same, as the proposed \"Model 2\".\nSources told electrekproduction could start as soon as 2023. We'll take the \"over\" on that timeline, as usual, when it comes to matters of Musk's promises. The report concluded by stating that the company's progress on Full Self Driving will dictate whether or not the Model 2 will be autonomous. With that being the case, not only do we think proposed goals about the timeline are likely misguided, but we're not holding out hope for autonomy, either.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817673428,"gmtCreate":1630961456464,"gmtModify":1631889356855,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817673428","repostId":"1129901566","repostType":4,"repost":{"id":"1129901566","kind":"news","pubTimestamp":1630928021,"share":"https://www.laohu8.com/m/news/1129901566?lang=zh_CN&edition=full","pubTime":"2021-09-06 19:33","market":"us","language":"en","title":"Central Bankers Are Right: This Is Not Your Father’s Inflation<blockquote>央行行长是对的：这不是你父亲的通货膨胀</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129901566","media":"Barron's","summary":"Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and the","content":"<p>Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. </p><p><blockquote>央行行长们一直对当前通胀飙升视为暂时现象不屑一顾，他们这样做有一些很好的理由。</blockquote></p><p> A weak jobs report in the U.S. last week has cooled off talks about tapering — the phasing out of the Federal Reserve’s bond buying program. </p><p><blockquote>上周美国疲软的就业报告让有关缩减（美联储逐步取消债券购买计划）的讨论降温。</blockquote></p><p> And even if inflation in the eurozone has now reached a decade-high annual 3%, the European Central Bank will continue its pandemic-specific program until its scheduled end in March next year. And beyond that, it will keep buying bonds under the regular asset-purchase program it launched in 2014 to help it meet its inflation target.</p><p><blockquote>即使欧元区通胀率现已达到十年来最高的3%，欧洲央行仍将继续其针对大流行的计划，直至明年3月按计划结束。除此之外，它将继续根据2014年推出的常规资产购买计划购买债券，以帮助其实现通胀目标。</blockquote></p><p> The debate about tapering has never been about whether or not it will happen — it will, and it should, since central banks must shrink their massive balance sheets if they want to be able to meet future major crises with the type of efficiency they demonstrated when faced with the coronavirus pandemic. The immediate question is rather whether or not they should speed up the phasing out of quantitative easing because of the supposed return of inflation.</p><p><blockquote>关于缩减规模的争论从来都不是关于它是否会发生——它会发生，也应该发生，因为如果各国央行希望能够以他们在面对冠状病毒大流行时表现出的效率来应对未来的重大危机，它们就必须缩减其庞大的资产负债表。眼下的问题是，他们是否应该因为通胀的回归而加快逐步取消量化宽松政策。</blockquote></p><p> A string of surveys of business managers released last week showed that inflation isn’t only due to oil prices catching up after historic lows last year, or some goods becoming more expensive because consumers are finally spending the money they were forced to save during the many lockdowns of the past 18 months.</p><p><blockquote>上周发布的一系列企业经理调查显示，通胀不仅仅是由于油价在去年的历史低点后回升，或者一些商品变得更加昂贵，因为消费者终于花掉了他们在过去18个月的多次封锁期间被迫储蓄的钱。</blockquote></p><p> Cost inflation is now putting pressure on businesses, and they in turn have to choose whether they pass it on to their customers, or compress their margins by putting a priority on preserving market shares.</p><p><blockquote>成本上涨现在给企业带来了压力，他们反过来必须选择是将成本转嫁给客户，还是通过优先保护市场份额来压缩利润。</blockquote></p><p> A slow spread of inflation throughout the economy could then contribute to make it more pervasive, and push price expectations for the future even higher among both businesses and consumers, who might in turn seek higher wages.</p><p><blockquote>通胀在整个经济中的缓慢蔓延可能会使其更加普遍，并推高企业和消费者对未来的价格预期，而消费者可能会寻求更高的工资。</blockquote></p><p> But is that a credible threat? Catherine Mann, the former Citibank chief economist who is now a member of the Bank of England’s Monetary Policy Committee, cautioned Monday that we should not look at the current inflation through the eyes of the traumatized generation that endured the double-digit inflation of the 1970s.</p><p><blockquote>但这是一个可信的威胁吗？前花旗银行首席经济学家、现任英国央行货币政策委员会成员凯瑟琳·曼(Catherine Mann)周一警告称，我们不应通过遭受20世纪70年代两位数通胀的受创伤一代人的眼睛来看待当前的通胀。</blockquote></p><p> Today is different, Mann explained, in part because wages and prices were more closely indexed to each other back then, and because labor markets and wages were more tightly interrelated.</p><p><blockquote>曼恩解释说，今天不同了，部分原因是当时工资和价格的指数更加紧密，而且劳动力市场和工资的相关性更加紧密。</blockquote></p><p> Furthermore, she added, companies today are more reluctant to pass on cost inflation to their customers and clients.</p><p><blockquote>此外，她补充说，如今的公司更不愿意将成本通胀转嫁给顾客和客户。</blockquote></p><p> But how long will businesses hold? Europe and the U.S. may diverge here. According to IHS Markit ‘s most recent Purchasing Managers Index, the pace of inflation cost is at a record high in U.S. manufacturing, and “favorable demand conditions allowed finished goods prices to also rise at an unprecedented rate, as firms sought to protect their margins,” noted IHS chief economist Siân Jones last week. In the eurozone, on the other hand, IHS Markit noted “a slight cooling of input cost inflation.”</p><p><blockquote>但是企业能坚持多久呢？欧洲和美国在这方面可能会有所不同。根据IHS Markit最新的采购经理人指数，美国制造业的通胀成本速度创历史新高，“有利的需求条件使得制成品价格也以前所未有的速度上涨，因为企业寻求保护其利润，”指出IHS首席经济学家西安·琼斯上周。另一方面，在欧元区，IHS Markit指出“投入成本通胀略有降温”。</blockquote></p><p> To “promote effectively the goal of maximum employment” is the first aim assigned to the Fed under its mandate from Congress, whereas the ECB’s sole remit is to achieve stable prices — which it has defined as an annual inflation of 2%. Both can find good reasons in the latest numbers or surveys to continue their bond purchases for now.</p><p><blockquote>“有效促进最大就业目标”是国会授权赋予美联储的第一个目标，而欧洲央行的唯一职责是实现物价稳定——它将物价稳定定义为年通胀率2%。双方都可以从最新数据或调查中找到充分的理由继续购买债券。</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>Central Bankers Are Right: This Is Not Your Father’s Inflation<blockquote>央行行长是对的：这不是你父亲的通货膨胀</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\">\nCentral Bankers Are Right: This Is Not Your Father’s Inflation<blockquote>央行行长是对的：这不是你父亲的通货膨胀</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\">2021-09-06 19:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. </p><p><blockquote>央行行长们一直对当前通胀飙升视为暂时现象不屑一顾，他们这样做有一些很好的理由。</blockquote></p><p> A weak jobs report in the U.S. last week has cooled off talks about tapering — the phasing out of the Federal Reserve’s bond buying program. </p><p><blockquote>上周美国疲软的就业报告让有关缩减（美联储逐步取消债券购买计划）的讨论降温。</blockquote></p><p> And even if inflation in the eurozone has now reached a decade-high annual 3%, the European Central Bank will continue its pandemic-specific program until its scheduled end in March next year. And beyond that, it will keep buying bonds under the regular asset-purchase program it launched in 2014 to help it meet its inflation target.</p><p><blockquote>即使欧元区通胀率现已达到十年来最高的3%，欧洲央行仍将继续其针对大流行的计划，直至明年3月按计划结束。除此之外，它将继续根据2014年推出的常规资产购买计划购买债券，以帮助其实现通胀目标。</blockquote></p><p> The debate about tapering has never been about whether or not it will happen — it will, and it should, since central banks must shrink their massive balance sheets if they want to be able to meet future major crises with the type of efficiency they demonstrated when faced with the coronavirus pandemic. The immediate question is rather whether or not they should speed up the phasing out of quantitative easing because of the supposed return of inflation.</p><p><blockquote>关于缩减规模的争论从来都不是关于它是否会发生——它会发生，也应该发生，因为如果各国央行希望能够以他们在面对冠状病毒大流行时表现出的效率来应对未来的重大危机，它们就必须缩减其庞大的资产负债表。眼下的问题是，他们是否应该因为通胀的回归而加快逐步取消量化宽松政策。</blockquote></p><p> A string of surveys of business managers released last week showed that inflation isn’t only due to oil prices catching up after historic lows last year, or some goods becoming more expensive because consumers are finally spending the money they were forced to save during the many lockdowns of the past 18 months.</p><p><blockquote>上周发布的一系列企业经理调查显示，通胀不仅仅是由于油价在去年的历史低点后回升，或者一些商品变得更加昂贵，因为消费者终于花掉了他们在过去18个月的多次封锁期间被迫储蓄的钱。</blockquote></p><p> Cost inflation is now putting pressure on businesses, and they in turn have to choose whether they pass it on to their customers, or compress their margins by putting a priority on preserving market shares.</p><p><blockquote>成本上涨现在给企业带来了压力，他们反过来必须选择是将成本转嫁给客户，还是通过优先保护市场份额来压缩利润。</blockquote></p><p> A slow spread of inflation throughout the economy could then contribute to make it more pervasive, and push price expectations for the future even higher among both businesses and consumers, who might in turn seek higher wages.</p><p><blockquote>通胀在整个经济中的缓慢蔓延可能会使其更加普遍，并推高企业和消费者对未来的价格预期，而消费者可能会寻求更高的工资。</blockquote></p><p> But is that a credible threat? Catherine Mann, the former Citibank chief economist who is now a member of the Bank of England’s Monetary Policy Committee, cautioned Monday that we should not look at the current inflation through the eyes of the traumatized generation that endured the double-digit inflation of the 1970s.</p><p><blockquote>但这是一个可信的威胁吗？前花旗银行首席经济学家、现任英国央行货币政策委员会成员凯瑟琳·曼(Catherine Mann)周一警告称，我们不应通过遭受20世纪70年代两位数通胀的受创伤一代人的眼睛来看待当前的通胀。</blockquote></p><p> Today is different, Mann explained, in part because wages and prices were more closely indexed to each other back then, and because labor markets and wages were more tightly interrelated.</p><p><blockquote>曼恩解释说，今天不同了，部分原因是当时工资和价格的指数更加紧密，而且劳动力市场和工资的相关性更加紧密。</blockquote></p><p> Furthermore, she added, companies today are more reluctant to pass on cost inflation to their customers and clients.</p><p><blockquote>此外，她补充说，如今的公司更不愿意将成本通胀转嫁给顾客和客户。</blockquote></p><p> But how long will businesses hold? Europe and the U.S. may diverge here. According to IHS Markit ‘s most recent Purchasing Managers Index, the pace of inflation cost is at a record high in U.S. manufacturing, and “favorable demand conditions allowed finished goods prices to also rise at an unprecedented rate, as firms sought to protect their margins,” noted IHS chief economist Siân Jones last week. In the eurozone, on the other hand, IHS Markit noted “a slight cooling of input cost inflation.”</p><p><blockquote>但是企业能坚持多久呢？欧洲和美国在这方面可能会有所不同。根据IHS Markit最新的采购经理人指数，美国制造业的通胀成本速度创历史新高，“有利的需求条件使得制成品价格也以前所未有的速度上涨，因为企业寻求保护其利润，”指出IHS首席经济学家西安·琼斯上周。另一方面，在欧元区，IHS Markit指出“投入成本通胀略有降温”。</blockquote></p><p> To “promote effectively the goal of maximum employment” is the first aim assigned to the Fed under its mandate from Congress, whereas the ECB’s sole remit is to achieve stable prices — which it has defined as an annual inflation of 2%. Both can find good reasons in the latest numbers or surveys to continue their bond purchases for now.</p><p><blockquote>“有效促进最大就业目标”是国会授权赋予美联储的第一个目标，而欧洲央行的唯一职责是实现物价稳定——它将物价稳定定义为年通胀率2%。双方都可以从最新数据或调查中找到充分的理由继续购买债券。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/central-bankers-are-right-this-is-not-your-fathers-inflation-51630926432?siteid=yhoof2\">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":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/central-bankers-are-right-this-is-not-your-fathers-inflation-51630926432?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129901566","content_text":"Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. \nA weak jobs report in the U.S. last week has cooled off talks about tapering — the phasing out of the Federal Reserve’s bond buying program. \nAnd even if inflation in the eurozone has now reached a decade-high annual 3%, the European Central Bank will continue its pandemic-specific program until its scheduled end in March next year. And beyond that, it will keep buying bonds under the regular asset-purchase program it launched in 2014 to help it meet its inflation target.\nThe debate about tapering has never been about whether or not it will happen — it will, and it should, since central banks must shrink their massive balance sheets if they want to be able to meet future major crises with the type of efficiency they demonstrated when faced with the coronavirus pandemic. The immediate question is rather whether or not they should speed up the phasing out of quantitative easing because of the supposed return of inflation.\nA string of surveys of business managers released last week showed that inflation isn’t only due to oil prices catching up after historic lows last year, or some goods becoming more expensive because consumers are finally spending the money they were forced to save during the many lockdowns of the past 18 months.\nCost inflation is now putting pressure on businesses, and they in turn have to choose whether they pass it on to their customers, or compress their margins by putting a priority on preserving market shares.\nA slow spread of inflation throughout the economy could then contribute to make it more pervasive, and push price expectations for the future even higher among both businesses and consumers, who might in turn seek higher wages.\nBut is that a credible threat? Catherine Mann, the former Citibank chief economist who is now a member of the Bank of England’s Monetary Policy Committee, cautioned Monday that we should not look at the current inflation through the eyes of the traumatized generation that endured the double-digit inflation of the 1970s.\nToday is different, Mann explained, in part because wages and prices were more closely indexed to each other back then, and because labor markets and wages were more tightly interrelated.\nFurthermore, she added, companies today are more reluctant to pass on cost inflation to their customers and clients.\nBut how long will businesses hold? Europe and the U.S. may diverge here. According to IHS Markit ‘s most recent Purchasing Managers Index, the pace of inflation cost is at a record high in U.S. manufacturing, and “favorable demand conditions allowed finished goods prices to also rise at an unprecedented rate, as firms sought to protect their margins,” noted IHS chief economist Siân Jones last week. In the eurozone, on the other hand, IHS Markit noted “a slight cooling of input cost inflation.”\nTo “promote effectively the goal of maximum employment” is the first aim assigned to the Fed under its mandate from Congress, whereas the ECB’s sole remit is to achieve stable prices — which it has defined as an annual inflation of 2%. Both can find good reasons in the latest numbers or surveys to continue their bond purchases for now.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819925190,"gmtCreate":1630028902110,"gmtModify":1704954832973,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819925190","repostId":"2162113720","repostType":4,"isVote":1,"tweetType":1,"viewCount":800,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819922276,"gmtCreate":1630028860495,"gmtModify":1704954831936,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819922276","repostId":"2162601358","repostType":4,"isVote":1,"tweetType":1,"viewCount":799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890709045,"gmtCreate":1628131289487,"gmtModify":1631889356892,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890709045","repostId":"1105353628","repostType":4,"repost":{"id":"1105353628","kind":"news","pubTimestamp":1628127525,"share":"https://www.laohu8.com/m/news/1105353628?lang=zh_CN&edition=full","pubTime":"2021-08-05 09:38","market":"us","language":"en","title":"Why Moderna Stock Surged to a New All-Time High Today<blockquote>为什么Moderna股价今天飙升至历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105353628","media":"The Motley Fool","summary":"Mounting COVID-19 case counts could drive more people to get vaccinated.\nWhat happened\nShares of Mod","content":"<p><i>Mounting COVID-19 case counts could drive more people to get vaccinated.</i></p><p><blockquote><i>不断增加的新冠肺炎病例数可能会促使更多的人接种疫苗。</i></blockquote></p><p> <h3><b>What happened</b></h3> Shares of&nbsp;<a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a> jumped 8.4% to a record closing high of $419.05 on Wednesday, as investors bid up the&nbsp;biotech's stock price ahead of its upcoming earnings announcement.</p><p><blockquote><h3><b>发生了什么</b></h3>本公司之股份<a href=\"https://laohu8.com/S/MRNA\">莫德纳公司。</a>周三，该生物技术公司股价上涨8.4%，至419.05美元的历史收盘高点，投资者在该公司即将发布财报之前抬高了该公司的股价。</blockquote></p><p> <h3><b>So what</b></h3> Moderna said on Tuesday that the U.S. Food and Drug Administration (FDA) granted Fast Track designation for its mRNA vaccine candidate against respiratory syncytial virus (RSV) in adults older than 60. RSV is a common respiratory virus that leads to roughly 177,000 hospitalizations and 14,000 deaths among adults 65 years and older each year, according to the U.S. Centers for Disease Control and Prevention.</p><p><blockquote><h3><b>那又怎样</b></h3>Moderna周二表示，美国。美国食品和药物管理局(FDA)授予其针对60岁以上成人呼吸道合胞病毒(RSV)的mRNA候选疫苗快速通道指定。根据美国疾病控制与预防中心的数据，RSV是一种常见的呼吸道病毒，每年导致65岁及以上成年人约177,000人住院和14,000人死亡。</blockquote></p><p> The Fast Track designation will accelerate the FDA's review of Moderna's drug. If the vaccine proves both safe and effective, Moderna could add a new revenue stream sooner than many investors expected.</p><p><blockquote>快速通道指定将加速FDA对Moderna药物的审查。如果疫苗被证明既安全又有效，Moderna可能会比许多投资者预期的更快地增加新的收入来源。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0b073ade8c6474ded744f2354f61f137\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> Meanwhile, surging COVID-19 case counts, driven by the spread of the highly contagious delta variant, are leading government officials to reimpose mask-wearing mandates and other safety restrictions. New York City, for one, said it would require evidence of a coronavirus vaccination before people could work out at gyms and dine indoors at restaurants. Many businesses and universities also plan to require proof of vaccination from their employees and students.</p><p><blockquote>与此同时，在高传染性德尔塔变异毒株病毒传播的推动下，COVID-19病例数激增，导致政府官员重新实施戴口罩的规定和其他安全限制。例如，纽约市表示，在人们可以在健身房锻炼和在室内餐厅用餐之前，需要提供冠状病毒疫苗接种的证据。许多企业和大学还计划要求员工和学生提供疫苗接种证明。</blockquote></p><p> <h3><b>Now what</b></h3> Investors appear to be betting that these mandates will increase demand for Moderna's COVID-19 vaccine. Shareholders can expect management to provide its most up-to-date sales and earnings forecast tomorrow. Moderna is slated to hold its second-quarter earnings call at 8 a.m. EDT.</p><p><blockquote><h3><b>现在怎么办</b></h3>投资者似乎押注这些强制令将增加对Moderna新冠肺炎疫苗的需求。股东可以期待管理层明天提供最新的销售和盈利预测。Moderna定于美国东部时间上午8点举行第二季度收益看涨期权。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Moderna Stock Surged to a New All-Time High Today<blockquote>为什么Moderna股价今天飙升至历史新高</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\">\nWhy Moderna Stock Surged to a New All-Time High Today<blockquote>为什么Moderna股价今天飙升至历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Motley Fool</strong><span class=\"h-time small\">2021-08-05 09:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>Mounting COVID-19 case counts could drive more people to get vaccinated.</i></p><p><blockquote><i>不断增加的新冠肺炎病例数可能会促使更多的人接种疫苗。</i></blockquote></p><p> <h3><b>What happened</b></h3> Shares of&nbsp;<a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a> jumped 8.4% to a record closing high of $419.05 on Wednesday, as investors bid up the&nbsp;biotech's stock price ahead of its upcoming earnings announcement.</p><p><blockquote><h3><b>发生了什么</b></h3>本公司之股份<a href=\"https://laohu8.com/S/MRNA\">莫德纳公司。</a>周三，该生物技术公司股价上涨8.4%，至419.05美元的历史收盘高点，投资者在该公司即将发布财报之前抬高了该公司的股价。</blockquote></p><p> <h3><b>So what</b></h3> Moderna said on Tuesday that the U.S. Food and Drug Administration (FDA) granted Fast Track designation for its mRNA vaccine candidate against respiratory syncytial virus (RSV) in adults older than 60. RSV is a common respiratory virus that leads to roughly 177,000 hospitalizations and 14,000 deaths among adults 65 years and older each year, according to the U.S. Centers for Disease Control and Prevention.</p><p><blockquote><h3><b>那又怎样</b></h3>Moderna周二表示，美国。美国食品和药物管理局(FDA)授予其针对60岁以上成人呼吸道合胞病毒(RSV)的mRNA候选疫苗快速通道指定。根据美国疾病控制与预防中心的数据，RSV是一种常见的呼吸道病毒，每年导致65岁及以上成年人约177,000人住院和14,000人死亡。</blockquote></p><p> The Fast Track designation will accelerate the FDA's review of Moderna's drug. If the vaccine proves both safe and effective, Moderna could add a new revenue stream sooner than many investors expected.</p><p><blockquote>快速通道指定将加速FDA对Moderna药物的审查。如果疫苗被证明既安全又有效，Moderna可能会比许多投资者预期的更快地增加新的收入来源。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0b073ade8c6474ded744f2354f61f137\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> Meanwhile, surging COVID-19 case counts, driven by the spread of the highly contagious delta variant, are leading government officials to reimpose mask-wearing mandates and other safety restrictions. New York City, for one, said it would require evidence of a coronavirus vaccination before people could work out at gyms and dine indoors at restaurants. Many businesses and universities also plan to require proof of vaccination from their employees and students.</p><p><blockquote>与此同时，在高传染性德尔塔变异毒株病毒传播的推动下，COVID-19病例数激增，导致政府官员重新实施戴口罩的规定和其他安全限制。例如，纽约市表示，在人们可以在健身房锻炼和在室内餐厅用餐之前，需要提供冠状病毒疫苗接种的证据。许多企业和大学还计划要求员工和学生提供疫苗接种证明。</blockquote></p><p> <h3><b>Now what</b></h3> Investors appear to be betting that these mandates will increase demand for Moderna's COVID-19 vaccine. Shareholders can expect management to provide its most up-to-date sales and earnings forecast tomorrow. Moderna is slated to hold its second-quarter earnings call at 8 a.m. EDT.</p><p><blockquote><h3><b>现在怎么办</b></h3>投资者似乎押注这些强制令将增加对Moderna新冠肺炎疫苗的需求。股东可以期待管理层明天提供最新的销售和盈利预测。Moderna定于美国东部时间上午8点举行第二季度收益看涨期权。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/08/04/why-moderna-stock-surged-to-a-new-all-time-high-to/\">The Motley Fool</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":{"MRNA":"Moderna, Inc."},"source_url":"https://www.fool.com/investing/2021/08/04/why-moderna-stock-surged-to-a-new-all-time-high-to/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105353628","content_text":"Mounting COVID-19 case counts could drive more people to get vaccinated.\nWhat happened\nShares of Moderna, Inc. jumped 8.4% to a record closing high of $419.05 on Wednesday, as investors bid up the biotech's stock price ahead of its upcoming earnings announcement.\nSo what\nModerna said on Tuesday that the U.S. Food and Drug Administration (FDA) granted Fast Track designation for its mRNA vaccine candidate against respiratory syncytial virus (RSV) in adults older than 60. RSV is a common respiratory virus that leads to roughly 177,000 hospitalizations and 14,000 deaths among adults 65 years and older each year, according to the U.S. Centers for Disease Control and Prevention.\nThe Fast Track designation will accelerate the FDA's review of Moderna's drug. If the vaccine proves both safe and effective, Moderna could add a new revenue stream sooner than many investors expected.\nIMAGE SOURCE: GETTY IMAGES.\nMeanwhile, surging COVID-19 case counts, driven by the spread of the highly contagious delta variant, are leading government officials to reimpose mask-wearing mandates and other safety restrictions. New York City, for one, said it would require evidence of a coronavirus vaccination before people could work out at gyms and dine indoors at restaurants. Many businesses and universities also plan to require proof of vaccination from their employees and students.\nNow what\nInvestors appear to be betting that these mandates will increase demand for Moderna's COVID-19 vaccine. Shareholders can expect management to provide its most up-to-date sales and earnings forecast tomorrow. Moderna is slated to hold its second-quarter earnings call at 8 a.m. EDT.","news_type":1,"symbols_score_info":{"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808676330,"gmtCreate":1627579243620,"gmtModify":1631889356905,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"&nbsp; Like","listText":"&nbsp; Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808676330","repostId":"1131907757","repostType":4,"isVote":1,"tweetType":1,"viewCount":668,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":844422019,"gmtCreate":1636453262994,"gmtModify":1636453365406,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/844422019","repostId":"1164632864","repostType":4,"repost":{"id":"1164632864","kind":"news","pubTimestamp":1636452133,"share":"https://www.laohu8.com/m/news/1164632864?lang=zh_CN&edition=full","pubTime":"2021-11-09 18:02","market":"us","language":"en","title":"Why markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：“表面平静，但下面却剧烈搅动”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164632864","media":"Marketwatch","summary":"Mario Draghi famously likened the euro to a bumblebee; Morgan Stanley analysts say global financial ","content":"<p>Mario Draghi famously&nbsp;likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”</p><p><blockquote>马里奥·德拉吉(Mario Draghi)将欧元比作一只大黄蜂。摩根士丹利分析师表示，全球金融市场让他们想起了一只漂浮在池塘上的鸭子：“表面上平静，但下面却剧烈翻腾。”</blockquote></p><p> The calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.</p><p><blockquote>随着全球股市飙升至历史新高，股市波动性的持续下降反映了这种平静。以安德鲁·希茨（Andrew Sheets）为首的分析师在周五的一份报告中指出，美国、欧洲和新兴市场的一个月股市波动率已降至过去15年的第25%。</blockquote></p><p> But below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.</p><p><blockquote>但他们写道，在表面之下，其他资产的“波动性已经跃升”，并推出了一种新的跨资产指标，称为综合西格玛指标，该指标处于五年来的最高读数，不包括新冠疫情引发的动荡2020年第二季度（见下图）。这反映出极端单日波动的数量不断增加，定义为标准差大于1.5。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a225428109bc24bddb8dbd14801b7065\" tg-width=\"700\" tg-height=\"408\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> Anyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.</p><p><blockquote>任何最近几周关注美国和全球政府债券市场的人可能都不会惊讶地发现利率市场是这些举措的核心。事实上，综合西格玛指标是由收益率曲线的极端波动驱动的；通胀盈亏平衡，衡量相同期限的通胀保值债务和名义债务之间的差异；分析师表示，和2年期利率。</blockquote></p><p> Short-term government bond yields, including those on 2-year U.S. Treasury notes,&nbsp;began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.</p><p><blockquote>包括2年期美国国债在内的短期政府债券收益率在9月份开始大幅上升，因为投资者开始预测全球央行将采取更激进的立场，以应对事实证明比预期更持久的通胀。短期和长期收益率之间的差距显着缩小，这种收益率曲线现象被称为平坦化。</blockquote></p><p> The speed of the move has been interpreted by some investors as the potential harbinger of&nbsp;a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.</p><p><blockquote>一些投资者将此举的速度解读为“政策错误”的潜在先兆，即央行过于激进的紧缩政策引发经济衰退。据《华尔街日报》报道，这些举措也让投资者措手不及，导致一些知名对冲基金在10月份遭受巨额损失。</blockquote></p><p> Two-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.</p><p><blockquote>分析师指出，与此同时，波兰两年期利率上涨了85个基点，即0.85个百分点，与利率每周变动分布相差12.2西格玛。随着短期利率上升和长期利率下降，英国出现了“极端混乱”，而在大宗商品市场，铁矿石价格下跌了20%。</blockquote></p><p> “Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.</p><p><blockquote>分析师写道：“利率是这一走势的唯一驱动力，而其他资产则异常平静。全球利率的风险管理与年底前的股票或外汇有很大不同。”</blockquote></p><p> Stocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&amp;P 500&nbsp;was up 26.9% year to date through Friday, while the Dow Jones Industrial Average&nbsp;has rallied 21.2% and the Nasdaq Composite&nbsp;advanced 23.9%.</p><p><blockquote>股市在9月份下跌，但主要股指在10月份飙升，并在本月继续逼近历史高点。截至周五，标普500今年迄今已上涨26.9%，道琼斯工业平均指数上涨21.2%，纳斯达克综合指数上涨23.9%。</blockquote></p><p> So what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&amp;P 500,” they said.</p><p><blockquote>那么这一切意味着什么呢？他们表示：“这表明流动性环境已经在发生变化，即使在标普500上还不明显。”</blockquote></p><p> It also means that risk premium matters (see chart below).</p><p><blockquote>这也意味着风险溢价很重要（见下图）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fa8a9c15b74f8c569f39f375770bdc7\" tg-width=\"700\" tg-height=\"383\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> “Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.</p><p><blockquote>他们写道：“最近波动最大的许多市场都是那些定价为最平静环境的市场。随着特殊风险的上升，风险管理变得更具挑战性，我们在高风险和低风险溢价市场中看到了机会。”</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：“表面平静，但下面却剧烈搅动”</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\">\nWhy markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：“表面平静，但下面却剧烈搅动”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-11-09 18:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Mario Draghi famously&nbsp;likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”</p><p><blockquote>马里奥·德拉吉(Mario Draghi)将欧元比作一只大黄蜂。摩根士丹利分析师表示，全球金融市场让他们想起了一只漂浮在池塘上的鸭子：“表面上平静，但下面却剧烈翻腾。”</blockquote></p><p> The calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.</p><p><blockquote>随着全球股市飙升至历史新高，股市波动性的持续下降反映了这种平静。以安德鲁·希茨（Andrew Sheets）为首的分析师在周五的一份报告中指出，美国、欧洲和新兴市场的一个月股市波动率已降至过去15年的第25%。</blockquote></p><p> But below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.</p><p><blockquote>但他们写道，在表面之下，其他资产的“波动性已经跃升”，并推出了一种新的跨资产指标，称为综合西格玛指标，该指标处于五年来的最高读数，不包括新冠疫情引发的动荡2020年第二季度（见下图）。这反映出极端单日波动的数量不断增加，定义为标准差大于1.5。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a225428109bc24bddb8dbd14801b7065\" tg-width=\"700\" tg-height=\"408\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> Anyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.</p><p><blockquote>任何最近几周关注美国和全球政府债券市场的人可能都不会惊讶地发现利率市场是这些举措的核心。事实上，综合西格玛指标是由收益率曲线的极端波动驱动的；通胀盈亏平衡，衡量相同期限的通胀保值债务和名义债务之间的差异；分析师表示，和2年期利率。</blockquote></p><p> Short-term government bond yields, including those on 2-year U.S. Treasury notes,&nbsp;began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.</p><p><blockquote>包括2年期美国国债在内的短期政府债券收益率在9月份开始大幅上升，因为投资者开始预测全球央行将采取更激进的立场，以应对事实证明比预期更持久的通胀。短期和长期收益率之间的差距显着缩小，这种收益率曲线现象被称为平坦化。</blockquote></p><p> The speed of the move has been interpreted by some investors as the potential harbinger of&nbsp;a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.</p><p><blockquote>一些投资者将此举的速度解读为“政策错误”的潜在先兆，即央行过于激进的紧缩政策引发经济衰退。据《华尔街日报》报道，这些举措也让投资者措手不及，导致一些知名对冲基金在10月份遭受巨额损失。</blockquote></p><p> Two-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.</p><p><blockquote>分析师指出，与此同时，波兰两年期利率上涨了85个基点，即0.85个百分点，与利率每周变动分布相差12.2西格玛。随着短期利率上升和长期利率下降，英国出现了“极端混乱”，而在大宗商品市场，铁矿石价格下跌了20%。</blockquote></p><p> “Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.</p><p><blockquote>分析师写道：“利率是这一走势的唯一驱动力，而其他资产则异常平静。全球利率的风险管理与年底前的股票或外汇有很大不同。”</blockquote></p><p> Stocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&amp;P 500&nbsp;was up 26.9% year to date through Friday, while the Dow Jones Industrial Average&nbsp;has rallied 21.2% and the Nasdaq Composite&nbsp;advanced 23.9%.</p><p><blockquote>股市在9月份下跌，但主要股指在10月份飙升，并在本月继续逼近历史高点。截至周五，标普500今年迄今已上涨26.9%，道琼斯工业平均指数上涨21.2%，纳斯达克综合指数上涨23.9%。</blockquote></p><p> So what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&amp;P 500,” they said.</p><p><blockquote>那么这一切意味着什么呢？他们表示：“这表明流动性环境已经在发生变化，即使在标普500上还不明显。”</blockquote></p><p> It also means that risk premium matters (see chart below).</p><p><blockquote>这也意味着风险溢价很重要（见下图）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fa8a9c15b74f8c569f39f375770bdc7\" tg-width=\"700\" tg-height=\"383\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> “Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.</p><p><blockquote>他们写道：“最近波动最大的许多市场都是那些定价为最平静环境的市场。随着特殊风险的上升，风险管理变得更具挑战性，我们在高风险和低风险溢价市场中看到了机会。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/why-markets-are-like-a-duck-calm-above-the-surface-but-furious-churning-below-11636395875?siteid=yhoof2\">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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/why-markets-are-like-a-duck-calm-above-the-surface-but-furious-churning-below-11636395875?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1164632864","content_text":"Mario Draghi famously likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”\nThe calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.\nBut below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.\nMORGAN STANLEY RESEARCH\nAnyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.\nShort-term government bond yields, including those on 2-year U.S. Treasury notes, began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.\nThe speed of the move has been interpreted by some investors as the potential harbinger of a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.\nTwo-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.\n“Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.\nStocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&P 500 was up 26.9% year to date through Friday, while the Dow Jones Industrial Average has rallied 21.2% and the Nasdaq Composite advanced 23.9%.\nSo what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&P 500,” they said.\nIt also means that risk premium matters (see chart below).\nMORGAN STANLEY RESEARCH\n“Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2057,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":152484205,"gmtCreate":1625327931207,"gmtModify":1631891688101,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"&nbsp;Wow 😲","listText":"&nbsp;Wow 😲","text":"Wow 😲","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/152484205","repostId":"1188153141","repostType":4,"repost":{"id":"1188153141","kind":"news","pubTimestamp":1625276221,"share":"https://www.laohu8.com/m/news/1188153141?lang=zh_CN&edition=full","pubTime":"2021-07-03 09:37","market":"us","language":"en","title":"Suze Orman worries about a market crash — here's what you should do<blockquote>Suze Orman担心市场崩盘——以下是您应该做的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1188153141","media":"MoneyWise","summary":"As stock markets continue setting records, fallout from COVID-19 continues to create problems for th","content":"<p>As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.</p><p><blockquote>随着股市继续创下纪录，新冠肺炎的影响继续给经济带来问题。</blockquote></p><p> That clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.</p><p><blockquote>这场冲突让投资专家感到担忧，其中包括苏茜·欧曼(Suze Orman)，她甚至表示，她现在正在为不可避免的市场崩盘做准备。</blockquote></p><p> And a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.</p><p><blockquote>沃伦·巴菲特推广的一项著名指标——巴菲特指标——表明奥曼可能有所发现。</blockquote></p><p> Here’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.</p><p><blockquote>以下解释了这种担忧的来源，以及即使市场下跌，您也可以使用一些技巧来保持投资组合的增长。</blockquote></p><p> <b>What does Suze Orman think?</b></p><p><blockquote><b>苏西·奥曼是怎么想的？</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/be8dc3ad363faad96bc575a22235562d\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Mediapunch/Shutterstock</p><p><blockquote>Mediapunch/Shutterstock</blockquote></p><p> Suze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.</p><p><blockquote>几十年来，Suze Orman一直热切关注市场。她知道起起落落是意料之中的，但她所看到的像游戏驿站这样的投资时尚所发生的事情让她感到担忧。</blockquote></p><p> “I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”</p><p><blockquote>“我不喜欢现在市场上发生的事情，”奥曼在CNBC的视频中表示。“经济一直很糟糕，但股市一直在上涨。”</blockquote></p><p> While investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.</p><p><blockquote>虽然现在投资就像使用智能手机应用程序一样容易，但奥曼担心我们能从这些历史高点走向何方。</blockquote></p><p> And even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.</p><p><blockquote>即使刺激支票仍在发放，房地产市场去年也打破了自己的记录，奥曼仍担心冠状病毒会带来什么——特别是在新变种不断出现的情况下。</blockquote></p><p> What's more, she feels it’s just been too long since the last crash to stay this high much longer.</p><p><blockquote>更重要的是，她觉得距离上次崩盘已经太久了，不能再保持这么高的高度了。</blockquote></p><p> “This reminds me of 2000 all over again,” Orman says.</p><p><blockquote>“这让我又想起了2000年，”奥曼说。</blockquote></p><p> <b>The Buffett Indicator</b></p><p><blockquote><b>巴菲特指标</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/44ada32ecadcc4581fed208f4f4e4d53\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Larry W Smith/EPA/Shutterstock</p><p><blockquote>拉里·W·史密斯/EPA/Shutterstock</blockquote></p><p> One metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.</p><p><blockquote>沃伦·巴菲特经常用来评估市场的一项指标，以他的名字命名，已经亮起红灯足够长的时间，以至于市场观察人士开始怀疑这是否是一个过时的工具。</blockquote></p><p> But the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.</p><p><blockquote>但衡量股市总价值与美国经济产出比率的巴菲特指标继续攀升至前所未有的水平。</blockquote></p><p> And those in the know are wondering if it's a sign that we’re about to see a hard fall.</p><p><blockquote>知情人士想知道这是否是我们即将看到严重下跌的迹象。</blockquote></p><p> How to prepare for a crash<img src=\"https://static.tigerbbs.com/1ad912a6b4611d9e39b46d2851c78c9e\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Freedomz / Shutterstock</p><p><blockquote>如何为崩溃做好准备Freedomz/Shutterstock</blockquote></p><p> Orman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.</p><p><blockquote>Orman提出了三个建立简单投资策略的建议，以帮助您成功应对市场的任何急转弯。</blockquote></p><p> <b>1. Buy low</b></p><p><blockquote><b>1.低吸</b></blockquote></p><p> Part of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.</p><p><blockquote>奥曼对游戏驿站等模因股票的狂热感到如此不安的部分原因是，它完全违背了普通投资者的利益。</blockquote></p><p> “All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”</p><p><blockquote>“你们所有人的头都被拧到了后面，”她说。“你想要的只是这些市场不断上涨。这对你有什么好处？”</blockquote></p><p> She points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.</p><p><blockquote>她指出，大多数人唯一的额外资金用于投资401(k)或IRA计划的退休生活。</blockquote></p><p> Because you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.</p><p><blockquote>因为你可能几十年内都不打算碰这笔钱，所以最好的长期策略是低吸。这样，你的美元现在将走得更远，为未来20年、30年或40年留下足够的增长空间。</blockquote></p><p> <b>2. Invest on a schedule</b></p><p><blockquote><b>2.按计划投资</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4102f8a6d5002090743b1cbded32ef9\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">katjen / Shutterstock</p><p><blockquote>卡珍/Shutterstock</blockquote></p><p> While she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.</p><p><blockquote>虽然她更喜欢低价买入，但奥曼不建议你在市场上涨时完全停止投资。</blockquote></p><p> She wants casual investors to not get caught up in the daily ups and downs of the market.</p><p><blockquote>她希望普通投资者不要陷入市场每天的涨跌之中。</blockquote></p><p> In fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.</p><p><blockquote>事实上，现在为经济低迷欢呼可能是您获得更大份额利润丰厚的投资的最佳选择——就像一些幸运的投资者在2007年和2008年所做的那样。</blockquote></p><p> “When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”</p><p><blockquote>“当市场下跌、下跌、下跌时，你可以免费购买东西，”奥曼说。“现在看看15年后的它们。”</blockquote></p><p> She suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.</p><p><blockquote>她建议你建立一个平均成本策略，这意味着无论市场波动如何，你都要定期等量投资。</blockquote></p><p> This kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.</p><p><blockquote>这种方法很容易用目前可供DIY投资者使用的许多投资应用程序中的任何一个来实施。</blockquote></p><p> There are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.</p><p><blockquote>甚至有些应用程序会通过将您的借记卡和信用卡购买的金额四舍五入到最接近的美元来自动投资您的零钱。</blockquote></p><p> <b>3. Diversify with fractional shares</b></p><p><blockquote><b>3.通过零碎股份实现多元化</b></blockquote></p><p> To help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.</p><p><blockquote>为了帮助应对市场特定角落的下跌，奥曼建议您分散投资——通过投资多种不同类型的资产和经济部门来平衡您的投资组合。</blockquote></p><p> Orman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.</p><p><blockquote>奥曼特别推荐零股投资。这种方法允许你购买一家知名公司的一部分股份，否则你将买不起。</blockquote></p><p></p><p> With the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.</p><p><blockquote>在流行的股票交易工具的帮助下，任何预算的人都可以负担得起碎股策略。</blockquote></p><p> “The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”</p><p><blockquote>“你越早开始，你拥有的钱就越多，”奥曼说。“只是不要停下来，当这些市场下跌时，你应该很高兴，因为你的美元找到了更多的份额。”</blockquote></p><p> “And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”</p><p><blockquote>“你拥有的股票越多，20年、40年、50年后你拥有的钱就越多。”</blockquote></p><p> <b>What else you can do</b></p><p><blockquote><b>你还能做什么</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e79c6fd1f8fa6e3a7c3a6c94f1e14b5\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">goodluz / Shutterstock</p><p><blockquote>古德卢兹/Shutterstock</blockquote></p><p> Whether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.</p><p><blockquote>奥曼在CNBC视频中表示，无论大崩盘是否即将来临，距离退休还有几十年的投资者都可以利用这一点。</blockquote></p><p> First, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.</p><p><blockquote>第一，做最坏的打算，抱最好的希望。自从疫情爆发以来，奥曼现在建议每个人都有一个应急基金，可以支付他们一整年的费用。</blockquote></p><p> Then, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.</p><p><blockquote>然后，为了让自己过上舒适的退休生活，她建议您选择Roth账户，无论是401(k)还是IRA。</blockquote></p><p> That will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.</p><p><blockquote>这将帮助您在从退休账户中提取资金时避免纳税，因为您对罗斯账户的供款是税后进行的。另一方面，传统IRA在您缴款时无需纳税，因此您最终会稍后付款。</blockquote></p><p> If you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.</p><p><blockquote>如果您发现需要更多指导，与专业财务顾问合作可以帮助您指出正确的方向，以便您可以自信地度过任何市场波动。</blockquote></p><p> While everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.</p><p><blockquote>当其他人都在偏离路线或矫枉过正时，你将牢牢地坐在驾驶座上，计划好你的晚年。</blockquote></p><p></p>","source":"lsy1621813427262","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>Suze Orman worries about a market crash — here's what you should do<blockquote>Suze Orman担心市场崩盘——以下是您应该做的</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nSuze Orman worries about a market crash — here's what you should do<blockquote>Suze Orman担心市场崩盘——以下是您应该做的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MoneyWise</strong><span class=\"h-time small\">2021-07-03 09:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.</p><p><blockquote>随着股市继续创下纪录，新冠肺炎的影响继续给经济带来问题。</blockquote></p><p> That clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.</p><p><blockquote>这场冲突让投资专家感到担忧，其中包括苏茜·欧曼(Suze Orman)，她甚至表示，她现在正在为不可避免的市场崩盘做准备。</blockquote></p><p> And a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.</p><p><blockquote>沃伦·巴菲特推广的一项著名指标——巴菲特指标——表明奥曼可能有所发现。</blockquote></p><p> Here’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.</p><p><blockquote>以下解释了这种担忧的来源，以及即使市场下跌，您也可以使用一些技巧来保持投资组合的增长。</blockquote></p><p> <b>What does Suze Orman think?</b></p><p><blockquote><b>苏西·奥曼是怎么想的？</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/be8dc3ad363faad96bc575a22235562d\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Mediapunch/Shutterstock</p><p><blockquote>Mediapunch/Shutterstock</blockquote></p><p> Suze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.</p><p><blockquote>几十年来，Suze Orman一直热切关注市场。她知道起起落落是意料之中的，但她所看到的像游戏驿站这样的投资时尚所发生的事情让她感到担忧。</blockquote></p><p> “I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”</p><p><blockquote>“我不喜欢现在市场上发生的事情，”奥曼在CNBC的视频中表示。“经济一直很糟糕，但股市一直在上涨。”</blockquote></p><p> While investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.</p><p><blockquote>虽然现在投资就像使用智能手机应用程序一样容易，但奥曼担心我们能从这些历史高点走向何方。</blockquote></p><p> And even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.</p><p><blockquote>即使刺激支票仍在发放，房地产市场去年也打破了自己的记录，奥曼仍担心冠状病毒会带来什么——特别是在新变种不断出现的情况下。</blockquote></p><p> What's more, she feels it’s just been too long since the last crash to stay this high much longer.</p><p><blockquote>更重要的是，她觉得距离上次崩盘已经太久了，不能再保持这么高的高度了。</blockquote></p><p> “This reminds me of 2000 all over again,” Orman says.</p><p><blockquote>“这让我又想起了2000年，”奥曼说。</blockquote></p><p> <b>The Buffett Indicator</b></p><p><blockquote><b>巴菲特指标</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/44ada32ecadcc4581fed208f4f4e4d53\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Larry W Smith/EPA/Shutterstock</p><p><blockquote>拉里·W·史密斯/EPA/Shutterstock</blockquote></p><p> One metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.</p><p><blockquote>沃伦·巴菲特经常用来评估市场的一项指标，以他的名字命名，已经亮起红灯足够长的时间，以至于市场观察人士开始怀疑这是否是一个过时的工具。</blockquote></p><p> But the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.</p><p><blockquote>但衡量股市总价值与美国经济产出比率的巴菲特指标继续攀升至前所未有的水平。</blockquote></p><p> And those in the know are wondering if it's a sign that we’re about to see a hard fall.</p><p><blockquote>知情人士想知道这是否是我们即将看到严重下跌的迹象。</blockquote></p><p> How to prepare for a crash<img src=\"https://static.tigerbbs.com/1ad912a6b4611d9e39b46d2851c78c9e\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Freedomz / Shutterstock</p><p><blockquote>如何为崩溃做好准备Freedomz/Shutterstock</blockquote></p><p> Orman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.</p><p><blockquote>Orman提出了三个建立简单投资策略的建议，以帮助您成功应对市场的任何急转弯。</blockquote></p><p> <b>1. Buy low</b></p><p><blockquote><b>1.低吸</b></blockquote></p><p> Part of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.</p><p><blockquote>奥曼对游戏驿站等模因股票的狂热感到如此不安的部分原因是，它完全违背了普通投资者的利益。</blockquote></p><p> “All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”</p><p><blockquote>“你们所有人的头都被拧到了后面，”她说。“你想要的只是这些市场不断上涨。这对你有什么好处？”</blockquote></p><p> She points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.</p><p><blockquote>她指出，大多数人唯一的额外资金用于投资401(k)或IRA计划的退休生活。</blockquote></p><p> Because you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.</p><p><blockquote>因为你可能几十年内都不打算碰这笔钱，所以最好的长期策略是低吸。这样，你的美元现在将走得更远，为未来20年、30年或40年留下足够的增长空间。</blockquote></p><p> <b>2. Invest on a schedule</b></p><p><blockquote><b>2.按计划投资</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4102f8a6d5002090743b1cbded32ef9\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">katjen / Shutterstock</p><p><blockquote>卡珍/Shutterstock</blockquote></p><p> While she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.</p><p><blockquote>虽然她更喜欢低价买入，但奥曼不建议你在市场上涨时完全停止投资。</blockquote></p><p> She wants casual investors to not get caught up in the daily ups and downs of the market.</p><p><blockquote>她希望普通投资者不要陷入市场每天的涨跌之中。</blockquote></p><p> In fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.</p><p><blockquote>事实上，现在为经济低迷欢呼可能是您获得更大份额利润丰厚的投资的最佳选择——就像一些幸运的投资者在2007年和2008年所做的那样。</blockquote></p><p> “When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”</p><p><blockquote>“当市场下跌、下跌、下跌时，你可以免费购买东西，”奥曼说。“现在看看15年后的它们。”</blockquote></p><p> She suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.</p><p><blockquote>她建议你建立一个平均成本策略，这意味着无论市场波动如何，你都要定期等量投资。</blockquote></p><p> This kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.</p><p><blockquote>这种方法很容易用目前可供DIY投资者使用的许多投资应用程序中的任何一个来实施。</blockquote></p><p> There are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.</p><p><blockquote>甚至有些应用程序会通过将您的借记卡和信用卡购买的金额四舍五入到最接近的美元来自动投资您的零钱。</blockquote></p><p> <b>3. Diversify with fractional shares</b></p><p><blockquote><b>3.通过零碎股份实现多元化</b></blockquote></p><p> To help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.</p><p><blockquote>为了帮助应对市场特定角落的下跌，奥曼建议您分散投资——通过投资多种不同类型的资产和经济部门来平衡您的投资组合。</blockquote></p><p> Orman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.</p><p><blockquote>奥曼特别推荐零股投资。这种方法允许你购买一家知名公司的一部分股份，否则你将买不起。</blockquote></p><p></p><p> With the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.</p><p><blockquote>在流行的股票交易工具的帮助下，任何预算的人都可以负担得起碎股策略。</blockquote></p><p> “The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”</p><p><blockquote>“你越早开始，你拥有的钱就越多，”奥曼说。“只是不要停下来，当这些市场下跌时，你应该很高兴，因为你的美元找到了更多的份额。”</blockquote></p><p> “And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”</p><p><blockquote>“你拥有的股票越多，20年、40年、50年后你拥有的钱就越多。”</blockquote></p><p> <b>What else you can do</b></p><p><blockquote><b>你还能做什么</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e79c6fd1f8fa6e3a7c3a6c94f1e14b5\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">goodluz / Shutterstock</p><p><blockquote>古德卢兹/Shutterstock</blockquote></p><p> Whether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.</p><p><blockquote>奥曼在CNBC视频中表示，无论大崩盘是否即将来临，距离退休还有几十年的投资者都可以利用这一点。</blockquote></p><p> First, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.</p><p><blockquote>第一，做最坏的打算，抱最好的希望。自从疫情爆发以来，奥曼现在建议每个人都有一个应急基金，可以支付他们一整年的费用。</blockquote></p><p> Then, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.</p><p><blockquote>然后，为了让自己过上舒适的退休生活，她建议您选择Roth账户，无论是401(k)还是IRA。</blockquote></p><p> That will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.</p><p><blockquote>这将帮助您在从退休账户中提取资金时避免纳税，因为您对罗斯账户的供款是税后进行的。另一方面，传统IRA在您缴款时无需纳税，因此您最终会稍后付款。</blockquote></p><p> If you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.</p><p><blockquote>如果您发现需要更多指导，与专业财务顾问合作可以帮助您指出正确的方向，以便您可以自信地度过任何市场波动。</blockquote></p><p> While everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.</p><p><blockquote>当其他人都在偏离路线或矫枉过正时，你将牢牢地坐在驾驶座上，计划好你的晚年。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/suze-orman-worries-market-crash-220000108.html\">MoneyWise</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/suze-orman-worries-market-crash-220000108.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188153141","content_text":"As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.\nThat clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.\nAnd a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.\nHere’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.\nWhat does Suze Orman think?\nMediapunch/Shutterstock\nSuze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.\n“I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”\nWhile investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.\nAnd even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.\nWhat's more, she feels it’s just been too long since the last crash to stay this high much longer.\n“This reminds me of 2000 all over again,” Orman says.\nThe Buffett Indicator\nLarry W Smith/EPA/Shutterstock\nOne metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.\nBut the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.\nAnd those in the know are wondering if it's a sign that we’re about to see a hard fall.\nHow to prepare for a crashFreedomz / Shutterstock\nOrman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.\n1. Buy low\nPart of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.\n“All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”\nShe points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.\nBecause you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.\n2. Invest on a schedule\nkatjen / Shutterstock\nWhile she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.\nShe wants casual investors to not get caught up in the daily ups and downs of the market.\nIn fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.\n“When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”\nShe suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.\nThis kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.\nThere are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.\n3. Diversify with fractional shares\nTo help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.\nOrman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.\nWith the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.\n“The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”\n“And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”\nWhat else you can do\ngoodluz / Shutterstock\nWhether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.\nFirst, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.\nThen, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.\nThat will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.\nIf you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.\nWhile everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":848766494,"gmtCreate":1636030784367,"gmtModify":1636030784918,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/848766494","repostId":"1158417116","repostType":4,"repost":{"id":"1158417116","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636027483,"share":"https://www.laohu8.com/m/news/1158417116?lang=zh_CN&edition=full","pubTime":"2021-11-04 20:04","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158417116","media":"Tiger Newspress","summary":"The S&P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.At 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.Tesla Inc added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner A","content":"<p>The S&amp;P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.</p><p><blockquote>标普500和纳斯达克期货周四创下历史新高，受到一系列出色收益报告的支撑，投资者对美联储开始削减大流行时期支持的第一步不屑一顾。</blockquote></p><p> At 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&amp;P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.</p><p><blockquote>截至美国东部时间上午8:00，道指e-mini下跌17点，跌幅0.05%，标普500 e-mini上涨5.25点，跌幅0.11%，纳斯达克100 e-mini上涨60.5点，跌幅0.38%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/34b82a3a6bcc1b43dfa28ebacdf9efcb\" tg-width=\"1080\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Tesla Inc&nbsp;added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner Alphabet Inc, Amazon.com&nbsp;and Meta Platforms&nbsp;also edged higher.</p><p><blockquote>特斯拉公司上涨1.9%，开盘创下历史新高，而其他大型科技巨头微软公司、谷歌母公司Alphabet公司、Amazon.com和Meta Platforms也小幅走高。</blockquote></p><p> The U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.</p><p><blockquote>上周美国失业状况再次改善，首次申请失业保险的人数降至大流行时代的另一个低点。截至10月30日当周，首次申请失业救济人数降至269,000人，较上一期减少14,000人，好于道琼斯劳工部周四报告称，预计为275,000人。</blockquote></p><p> Continuing state jobless claims fall 134,000 to 2.1million;U.S. productivity sinks 5% in third quarter;U.S. trade gap widens to record $80.9 billion in September from revised $72.8 billion in prior month;U.S. output rises 1.7% in third quarter, hours worked jump 7%;U.S. unit-labor costs surge 8.3% in the third quarter.</p><p><blockquote>持续申请失业救济人数下降13.4万人，至210万人；美国第三季度生产率下降5%；美国9月份贸易逆差从上月修正后的728亿美元扩大至创纪录的809亿美元；美国第三季度产出增长1.7%，工作时间增长7%；美国第三季度单位劳动力成本飙升8.3%。</blockquote></p><p> <b>Stocks making the biggest moves premarket: </b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Moderna(MRNA)</b> – Moderna tumbled 11.5% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.</p><p><blockquote><b>现代（MRNA）</b>-Moderna在盘前股价下跌11.5%，此前该制药商的盈利和收入季度均出现短缺，并下调了全年盈利预期。Moderna最近一个季度的每股收益为7.70美元，而市场普遍预期为9.05美元。</blockquote></p><p> <b>Merck(MRK)&nbsp;</b>–&nbsp;Britain became the first country to approve Merck &amp; Co’s Covid-19 antiviral pill, with the nation’s drug regulator describing the treatment as safe and effective.Merck shares rose 3.2% in premarket U.S. trading.</p><p><blockquote><b>默克(MRK)</b>-英国成为第一个批准默克公司Covid-19抗病毒药物的国家，该国药品监管机构称该治疗方法安全有效。默克股价在美国盘前交易中上涨3.2%。</blockquote></p><p> <b>Roku(ROKU) </b>– Roku shares slid 7.4% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.</p><p><blockquote><b>Roku(Roku)</b>-尽管盈利超出预期，Roku股价在盘前交易中仍下跌7.4%。这家视频流媒体设备制造商最近一个季度的每股收益为48美分，远高于市场普遍预期的6美分，但收入低于预期，该公司发布了低于预期的假日季度收入预测。</blockquote></p><p> <b>Qualcomm(QCOM)</b> – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 9.6% in premarket trading.</p><p><blockquote><b>高通(QCOM)</b>-高通调整后季度收益为每股2.55美元，超出预期29美分，这家芯片制造商的营收也超出预期。高通还预测，在5G智能手机技术需求的推动下，将出现强劲增长。股价在盘前交易中上涨9.6%。</blockquote></p><p> <b>Electronic Arts(EA)</b> – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.</p><p><blockquote><b>电子艺界(EA)</b>-艺电公布调整后季度利润为每股1.49美元，市场普遍预期为1.17美元。这家视频游戏制造商的营收也有所增长。由于体育主题游戏表现强劲，艺电还上调了全年预期。Electronic Arts盘前股价上涨2.9%。</blockquote></p><p> <b>Take-Two Interactive(TTWO)</b> – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 3.1% in premarket action.</p><p><blockquote><b>Take-Two互动(TTWO)</b>-Take-Two的季度表现与竞争对手艺电(Electronic Arts)相似，营收和利润均超出预期，并上调了前景。Take-Two公布调整后每股收益为1.63美元，超出市场普遍预期的1.34美元，其股价在盘前上涨3.1%。</blockquote></p><p> <b>Etsy(ETSY)</b> – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.Etsy&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in premarket trading.</p><p><blockquote><b>Etsy(ETSY)</b>–在线工艺品市场发布的本季度收入指引弱于预期，尽管最近一个季度的收入指引确实超出了预期，比预期高出8美分，每股收益为62美分。Etsy股价在盘前交易中下跌1%。</blockquote></p><p> <b>MGM Resorts(MGM)</b> – MGM rallied 2.4% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.</p><p><blockquote><b>美高梅度假村(MGM)</b>-米高梅宣布计划将其拉斯维加斯幻影赌场的业务出售给另一家运营商后，盘前上涨2.4%。米高梅表示，尚未达成销售协议，也没有透露任何潜在买家的姓名。</blockquote></p><p> <b>Regeneron Pharmaceuticals(REGN)</b> – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.</p><p><blockquote><b>再生元制药(REGN)</b>-该制药商公布最近一个季度的营收和利润均大幅增长后，其股价在盘前上涨2.7%。由于其Covid-19抗体鸡尾酒和其他治疗方法的强劲销售，再生元调整后每股收益为15.37美元，远高于市场普遍预期的10.10美元。</blockquote></p><p> <b>Planet Fitness(PLNT)</b> – The fitness center operator’s stock surged 4.9% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.</p><p><blockquote><b>星球健身(PLNT)</b>–在营收和利润均超出预期并上调全年收入预期后，这家健身中心运营商的股价在盘前飙升4.9%。Planet Fitness最近一个季度调整后每股收益为25美分，比预期高出7美分。</blockquote></p><p> <b>ViacomCBS(VIAC)</b> – ViacomCBS rose 0.7% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.</p><p><blockquote><b>维亚康姆哥伦比亚广播公司(VIAC)</b>-维亚康姆哥伦比亚广播公司(ViacomCBS)季度盈利符合预期且收入好于预期，盘前交易中上涨0.7%。公司流媒体和电视业务的实力提振了业绩。</blockquote></p><p></p><p> <b>Wayfair(W)</b> – The online home goods seller slid 4.5% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.</p><p><blockquote><b>Wayfair(W)</b>-这家在线家居用品销售商公布意外季度利润，但收入低于分析师预期，盘前股价下跌4.5%。Wayfair指出，大流行后支出已开始向实体店过渡，其增长可能需要几个季度才能恢复到正常水平。</blockquote></p><p> <b>Booking Holdings(BKNG)</b> – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.</p><p><blockquote><b>预订控股(BKNG)</b>–Booking Holdings公布最新季度利润和收入好于预期，该旅游公司盘前上涨4.6%。Priceline母公司调整后每股收益为37.70美元，而市场普遍预期为32.90美元，迄今为止，投资者对该公司关于欧洲Covid-19死灰复燃的警告言论不屑一顾。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nToplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的营收</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-04 20:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.</p><p><blockquote>标普500和纳斯达克期货周四创下历史新高，受到一系列出色收益报告的支撑，投资者对美联储开始削减大流行时期支持的第一步不屑一顾。</blockquote></p><p> At 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&amp;P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.</p><p><blockquote>截至美国东部时间上午8:00，道指e-mini下跌17点，跌幅0.05%，标普500 e-mini上涨5.25点，跌幅0.11%，纳斯达克100 e-mini上涨60.5点，跌幅0.38%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/34b82a3a6bcc1b43dfa28ebacdf9efcb\" tg-width=\"1080\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Tesla Inc&nbsp;added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner Alphabet Inc, Amazon.com&nbsp;and Meta Platforms&nbsp;also edged higher.</p><p><blockquote>特斯拉公司上涨1.9%，开盘创下历史新高，而其他大型科技巨头微软公司、谷歌母公司Alphabet公司、Amazon.com和Meta Platforms也小幅走高。</blockquote></p><p> The U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.</p><p><blockquote>上周美国失业状况再次改善，首次申请失业保险的人数降至大流行时代的另一个低点。截至10月30日当周，首次申请失业救济人数降至269,000人，较上一期减少14,000人，好于道琼斯劳工部周四报告称，预计为275,000人。</blockquote></p><p> Continuing state jobless claims fall 134,000 to 2.1million;U.S. productivity sinks 5% in third quarter;U.S. trade gap widens to record $80.9 billion in September from revised $72.8 billion in prior month;U.S. output rises 1.7% in third quarter, hours worked jump 7%;U.S. unit-labor costs surge 8.3% in the third quarter.</p><p><blockquote>持续申请失业救济人数下降13.4万人，至210万人；美国第三季度生产率下降5%；美国9月份贸易逆差从上月修正后的728亿美元扩大至创纪录的809亿美元；美国第三季度产出增长1.7%，工作时间增长7%；美国第三季度单位劳动力成本飙升8.3%。</blockquote></p><p> <b>Stocks making the biggest moves premarket: </b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Moderna(MRNA)</b> – Moderna tumbled 11.5% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.</p><p><blockquote><b>现代（MRNA）</b>-Moderna在盘前股价下跌11.5%，此前该制药商的盈利和收入季度均出现短缺，并下调了全年盈利预期。Moderna最近一个季度的每股收益为7.70美元，而市场普遍预期为9.05美元。</blockquote></p><p> <b>Merck(MRK)&nbsp;</b>–&nbsp;Britain became the first country to approve Merck &amp; Co’s Covid-19 antiviral pill, with the nation’s drug regulator describing the treatment as safe and effective.Merck shares rose 3.2% in premarket U.S. trading.</p><p><blockquote><b>默克(MRK)</b>-英国成为第一个批准默克公司Covid-19抗病毒药物的国家，该国药品监管机构称该治疗方法安全有效。默克股价在美国盘前交易中上涨3.2%。</blockquote></p><p> <b>Roku(ROKU) </b>– Roku shares slid 7.4% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.</p><p><blockquote><b>Roku(Roku)</b>-尽管盈利超出预期，Roku股价在盘前交易中仍下跌7.4%。这家视频流媒体设备制造商最近一个季度的每股收益为48美分，远高于市场普遍预期的6美分，但收入低于预期，该公司发布了低于预期的假日季度收入预测。</blockquote></p><p> <b>Qualcomm(QCOM)</b> – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 9.6% in premarket trading.</p><p><blockquote><b>高通(QCOM)</b>-高通调整后季度收益为每股2.55美元，超出预期29美分，这家芯片制造商的营收也超出预期。高通还预测，在5G智能手机技术需求的推动下，将出现强劲增长。股价在盘前交易中上涨9.6%。</blockquote></p><p> <b>Electronic Arts(EA)</b> – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.</p><p><blockquote><b>电子艺界(EA)</b>-艺电公布调整后季度利润为每股1.49美元，市场普遍预期为1.17美元。这家视频游戏制造商的营收也有所增长。由于体育主题游戏表现强劲，艺电还上调了全年预期。Electronic Arts盘前股价上涨2.9%。</blockquote></p><p> <b>Take-Two Interactive(TTWO)</b> – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 3.1% in premarket action.</p><p><blockquote><b>Take-Two互动(TTWO)</b>-Take-Two的季度表现与竞争对手艺电(Electronic Arts)相似，营收和利润均超出预期，并上调了前景。Take-Two公布调整后每股收益为1.63美元，超出市场普遍预期的1.34美元，其股价在盘前上涨3.1%。</blockquote></p><p> <b>Etsy(ETSY)</b> – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.Etsy&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in premarket trading.</p><p><blockquote><b>Etsy(ETSY)</b>–在线工艺品市场发布的本季度收入指引弱于预期，尽管最近一个季度的收入指引确实超出了预期，比预期高出8美分，每股收益为62美分。Etsy股价在盘前交易中下跌1%。</blockquote></p><p> <b>MGM Resorts(MGM)</b> – MGM rallied 2.4% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.</p><p><blockquote><b>美高梅度假村(MGM)</b>-米高梅宣布计划将其拉斯维加斯幻影赌场的业务出售给另一家运营商后，盘前上涨2.4%。米高梅表示，尚未达成销售协议，也没有透露任何潜在买家的姓名。</blockquote></p><p> <b>Regeneron Pharmaceuticals(REGN)</b> – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.</p><p><blockquote><b>再生元制药(REGN)</b>-该制药商公布最近一个季度的营收和利润均大幅增长后，其股价在盘前上涨2.7%。由于其Covid-19抗体鸡尾酒和其他治疗方法的强劲销售，再生元调整后每股收益为15.37美元，远高于市场普遍预期的10.10美元。</blockquote></p><p> <b>Planet Fitness(PLNT)</b> – The fitness center operator’s stock surged 4.9% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.</p><p><blockquote><b>星球健身(PLNT)</b>–在营收和利润均超出预期并上调全年收入预期后，这家健身中心运营商的股价在盘前飙升4.9%。Planet Fitness最近一个季度调整后每股收益为25美分，比预期高出7美分。</blockquote></p><p> <b>ViacomCBS(VIAC)</b> – ViacomCBS rose 0.7% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.</p><p><blockquote><b>维亚康姆哥伦比亚广播公司(VIAC)</b>-维亚康姆哥伦比亚广播公司(ViacomCBS)季度盈利符合预期且收入好于预期，盘前交易中上涨0.7%。公司流媒体和电视业务的实力提振了业绩。</blockquote></p><p></p><p> <b>Wayfair(W)</b> – The online home goods seller slid 4.5% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.</p><p><blockquote><b>Wayfair(W)</b>-这家在线家居用品销售商公布意外季度利润，但收入低于分析师预期，盘前股价下跌4.5%。Wayfair指出，大流行后支出已开始向实体店过渡，其增长可能需要几个季度才能恢复到正常水平。</blockquote></p><p> <b>Booking Holdings(BKNG)</b> – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.</p><p><blockquote><b>预订控股(BKNG)</b>–Booking Holdings公布最新季度利润和收入好于预期，该旅游公司盘前上涨4.6%。Priceline母公司调整后每股收益为37.70美元，而市场普遍预期为32.90美元，迄今为止，投资者对该公司关于欧洲Covid-19死灰复燃的警告言论不屑一顾。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BKNG":"Booking Holdings","REGN":"再生元制药公司","QCOM":"高通",".DJI":"道琼斯","W":"Wayfair",".SPX":"S&P 500 Index","PLNT":"Planet Fitness Inc","TSLA":"特斯拉",".IXIC":"NASDAQ Composite","MRNA":"Moderna, Inc.","MGM":"美高梅","MRK":"默沙东","ETSY":"Etsy, Inc.","TTWO":"Take-Two Interactive Software","EA":"艺电"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158417116","content_text":"The S&P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.\nAt 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.\n\nTesla Inc added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner Alphabet Inc, Amazon.com and Meta Platforms also edged higher.\nThe U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.\nContinuing state jobless claims fall 134,000 to 2.1million;U.S. productivity sinks 5% in third quarter;U.S. trade gap widens to record $80.9 billion in September from revised $72.8 billion in prior month;U.S. output rises 1.7% in third quarter, hours worked jump 7%;U.S. unit-labor costs surge 8.3% in the third quarter.\nStocks making the biggest moves premarket: \nModerna(MRNA) – Moderna tumbled 11.5% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.\nMerck(MRK) – Britain became the first country to approve Merck & Co’s Covid-19 antiviral pill, with the nation’s drug regulator describing the treatment as safe and effective.Merck shares rose 3.2% in premarket U.S. trading.\nRoku(ROKU) – Roku shares slid 7.4% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.\nQualcomm(QCOM) – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 9.6% in premarket trading.\nElectronic Arts(EA) – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.\nTake-Two Interactive(TTWO) – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 3.1% in premarket action.\nEtsy(ETSY) – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.Etsy shares fell 1% in premarket trading.\nMGM Resorts(MGM) – MGM rallied 2.4% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.\nRegeneron Pharmaceuticals(REGN) – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.\nPlanet Fitness(PLNT) – The fitness center operator’s stock surged 4.9% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.\nViacomCBS(VIAC) – ViacomCBS rose 0.7% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.\nWayfair(W) – The online home goods seller slid 4.5% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.\nBooking Holdings(BKNG) – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.","news_type":1,"symbols_score_info":{"NQmain":0.9,"BKNG":0.9,"ESmain":0.9,"REGN":0.9,"QCOM":0.9,".IXIC":0.9,"YMmain":0.9,".SPX":0.9,".DJI":0.9,"ETSY":0.9,"MRNA":0.9,"W":0.9,"MGM":0.9,"VIAC":0.9,"PLNT":0.9,"MRK":0.9,"TSLA":0.9,"EA":0.9,"TTWO":0.9}},"isVote":1,"tweetType":1,"viewCount":2379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":889154675,"gmtCreate":1631118074297,"gmtModify":1631889356823,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/889154675","repostId":"1185415782","repostType":4,"repost":{"id":"1185415782","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631109899,"share":"https://www.laohu8.com/m/news/1185415782?lang=zh_CN&edition=full","pubTime":"2021-09-08 22:04","market":"us","language":"en","title":"Chinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185415782","media":"Tiger Newspress","summary":"(Sept 8) Chinese EV stocks are down in early trading.  NIO, Xpeng fell over 5%, Li fell over 3%.","content":"<p>(Sept 8)&nbsp;Chinese&nbsp;EV stocks&nbsp;are&nbsp;down&nbsp;in&nbsp;early&nbsp;trading.&nbsp;&nbsp;NIO,&nbsp;Xpeng&nbsp;fell&nbsp;over&nbsp;5%,&nbsp;Li&nbsp;fell&nbsp;over&nbsp;3%.</p><p><blockquote>（9月8日）中国电动汽车股早盘下跌。蔚来、小鹏汽车跌超5%，理想汽车跌超3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5c8522469d717c9ea7cfe197df22bf04\" tg-width=\"279\" tg-height=\"290\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote></title>\n<style 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#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\">\nChinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-08 22:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 8)&nbsp;Chinese&nbsp;EV stocks&nbsp;are&nbsp;down&nbsp;in&nbsp;early&nbsp;trading.&nbsp;&nbsp;NIO,&nbsp;Xpeng&nbsp;fell&nbsp;over&nbsp;5%,&nbsp;Li&nbsp;fell&nbsp;over&nbsp;3%.</p><p><blockquote>（9月8日）中国电动汽车股早盘下跌。蔚来、小鹏汽车跌超5%，理想汽车跌超3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5c8522469d717c9ea7cfe197df22bf04\" tg-width=\"279\" tg-height=\"290\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","09868":"小鹏汽车-W","02015":"理想汽车-W","LI":"理想汽车","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185415782","content_text":"(Sept 8) Chinese EV stocks are down in early trading.  NIO, Xpeng fell over 5%, Li fell over 3%.","news_type":1,"symbols_score_info":{"NIO":0.9,"09868":0.9,"XPEV":0.9,"02015":0.9,"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817673715,"gmtCreate":1630961499137,"gmtModify":1631889356844,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817673715","repostId":"1149410892","repostType":4,"repost":{"id":"1149410892","kind":"news","pubTimestamp":1630932652,"share":"https://www.laohu8.com/m/news/1149410892?lang=zh_CN&edition=full","pubTime":"2021-09-06 20:50","market":"us","language":"en","title":"Tesla Reportedly Targeting $25,000 \"Model 2\" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到2023年推出售价25,000美元的无方向盘“Model 2”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149410892","media":"zerohedge","summary":"Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid","content":"<p>Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid robot\", Elon Musk may be seeking to one-up himself by reportedly telling his employees that Tesla is going to release a $25,000 car in 2023.</p><p><blockquote>显然，在过去几周里，随着“特斯拉人形机器人”的曝光，Elon Musk还没有撒足够的谎，据报道，Elon Musk可能正在寻求超越自己，据报道，Elon Musk告诉他的员工，特斯拉将在2023年发布一款价值25,000美元的汽车。</blockquote></p><p> Landing hours aftera reportthat Apple was seeking to have a mass market vehicle in production by 2024,&nbsp;<i>electrek</i>reportedthat Tesla is aiming to release the proposed $25,000 vehicle<i>without a steering wheel.</i></p><p><blockquote>在有报道称苹果寻求在2024年之前生产一款大众市场汽车几小时后，<i>电子</i>据报道，特斯拉计划发布这款售价25,000美元的汽车<i>没有方向盘。</i></blockquote></p><p> Musk first announced the idea of a $25,000 vehicle at Tesla's battery day last year,<i>electrek</i>notes<i>.</i>Musk is hoping to be able to hit the $25,000 price point by leveraging a new battery cell and manufacturing process, which eventually could reduce the costs associated with a battery by over 50%.</p><p><blockquote>马斯克去年在特斯拉电池日首次宣布了2.5万美元汽车的想法，<i>电子</i>附注<i>.</i>马斯克希望能够通过利用新的电池单元和制造工艺达到25,000美元的价格点，最终可以将电池相关成本降低50%以上。</blockquote></p><p> There has been little in the way of updates as to how that battery effort is moving along since then.</p><p><blockquote>从那时起，关于电池工作进展情况的更新很少。</blockquote></p><p> Musk is also hoping the new vehicle, which has been unofficially dubbed the \"Model 2\", will be fully autonomous.&nbsp;“Do we want to have this car come with a steering wheel and pedals?” Musk reportedly asked his employees, suggesting the vehicle may not need them.</p><p><blockquote>马斯克还希望这款被非正式称为“Model 2”的新车能够完全自动驾驶。“我们希望这款车配备方向盘和踏板吗？”据报道，马斯克询问了他的员工，暗示这辆车可能不需要他们。</blockquote></p><p> Renderings show it as a compact style hatchback.</p><p><blockquote>效果图显示它是一款紧凑型掀背车。</blockquote></p><p> Last year, Tesla disclosed plans to establish a research and development center in China to help build a \"Chinese style\" electric vehicle, which may wind up being similar, or the same, as the proposed \"Model 2\".</p><p><blockquote>去年，特斯拉披露了在中国建立研发中心的计划，以帮助打造一款“中国式”电动汽车，这款汽车最终可能与拟议中的“Model 2”相似或相同。</blockquote></p><p> Sources told&nbsp;<i>electrek</i>production could start as soon as 2023. We'll take the \"over\" on that timeline, as usual, when it comes to matters of Musk's promises. The report concluded by stating that the company's progress on Full Self Driving will dictate whether or not the Model 2 will be autonomous. With that being the case, not only do we think proposed goals about the timeline are likely misguided, but we're not holding out hope for autonomy, either.</p><p><blockquote>消息人士告诉<i>电子</i>生产最早可能于2023年开始。像往常一样，当涉及到马斯克的承诺时，我们将在这个时间表上“接管”。该报告最后指出，该公司在全自动驾驶方面的进展将决定Model 2是否会实现自动驾驶。在这种情况下，我们不仅认为关于时间表的拟议目标可能是错误的，而且我们也不对自治抱有希望。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Reportedly Targeting $25,000 \"Model 2\" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到2023年推出售价25,000美元的无方向盘“Model 2”</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 Reportedly Targeting $25,000 \"Model 2\" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到2023年推出售价25,000美元的无方向盘“Model 2”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-09-06 20:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid robot\", Elon Musk may be seeking to one-up himself by reportedly telling his employees that Tesla is going to release a $25,000 car in 2023.</p><p><blockquote>显然，在过去几周里，随着“特斯拉人形机器人”的曝光，Elon Musk还没有撒足够的谎，据报道，Elon Musk可能正在寻求超越自己，据报道，Elon Musk告诉他的员工，特斯拉将在2023年发布一款价值25,000美元的汽车。</blockquote></p><p> Landing hours aftera reportthat Apple was seeking to have a mass market vehicle in production by 2024,&nbsp;<i>electrek</i>reportedthat Tesla is aiming to release the proposed $25,000 vehicle<i>without a steering wheel.</i></p><p><blockquote>在有报道称苹果寻求在2024年之前生产一款大众市场汽车几小时后，<i>电子</i>据报道，特斯拉计划发布这款售价25,000美元的汽车<i>没有方向盘。</i></blockquote></p><p> Musk first announced the idea of a $25,000 vehicle at Tesla's battery day last year,<i>electrek</i>notes<i>.</i>Musk is hoping to be able to hit the $25,000 price point by leveraging a new battery cell and manufacturing process, which eventually could reduce the costs associated with a battery by over 50%.</p><p><blockquote>马斯克去年在特斯拉电池日首次宣布了2.5万美元汽车的想法，<i>电子</i>附注<i>.</i>马斯克希望能够通过利用新的电池单元和制造工艺达到25,000美元的价格点，最终可以将电池相关成本降低50%以上。</blockquote></p><p> There has been little in the way of updates as to how that battery effort is moving along since then.</p><p><blockquote>从那时起，关于电池工作进展情况的更新很少。</blockquote></p><p> Musk is also hoping the new vehicle, which has been unofficially dubbed the \"Model 2\", will be fully autonomous.&nbsp;“Do we want to have this car come with a steering wheel and pedals?” Musk reportedly asked his employees, suggesting the vehicle may not need them.</p><p><blockquote>马斯克还希望这款被非正式称为“Model 2”的新车能够完全自动驾驶。“我们希望这款车配备方向盘和踏板吗？”据报道，马斯克询问了他的员工，暗示这辆车可能不需要他们。</blockquote></p><p> Renderings show it as a compact style hatchback.</p><p><blockquote>效果图显示它是一款紧凑型掀背车。</blockquote></p><p> Last year, Tesla disclosed plans to establish a research and development center in China to help build a \"Chinese style\" electric vehicle, which may wind up being similar, or the same, as the proposed \"Model 2\".</p><p><blockquote>去年，特斯拉披露了在中国建立研发中心的计划，以帮助打造一款“中国式”电动汽车，这款汽车最终可能与拟议中的“Model 2”相似或相同。</blockquote></p><p> Sources told&nbsp;<i>electrek</i>production could start as soon as 2023. We'll take the \"over\" on that timeline, as usual, when it comes to matters of Musk's promises. The report concluded by stating that the company's progress on Full Self Driving will dictate whether or not the Model 2 will be autonomous. With that being the case, not only do we think proposed goals about the timeline are likely misguided, but we're not holding out hope for autonomy, either.</p><p><blockquote>消息人士告诉<i>电子</i>生产最早可能于2023年开始。像往常一样，当涉及到马斯克的承诺时，我们将在这个时间表上“接管”。该报告最后指出，该公司在全自动驾驶方面的进展将决定Model 2是否会实现自动驾驶。在这种情况下，我们不仅认为关于时间表的拟议目标可能是错误的，而且我们也不对自治抱有希望。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/tesla-reportedly-targeting-25000-model-2-no-steering-wheel-2023\">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":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/tesla-reportedly-targeting-25000-model-2-no-steering-wheel-2023","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149410892","content_text":"Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid robot\", Elon Musk may be seeking to one-up himself by reportedly telling his employees that Tesla is going to release a $25,000 car in 2023.\nLanding hours aftera reportthat Apple was seeking to have a mass market vehicle in production by 2024, electrekreportedthat Tesla is aiming to release the proposed $25,000 vehiclewithout a steering wheel.\nMusk first announced the idea of a $25,000 vehicle at Tesla's battery day last year,electreknotes.Musk is hoping to be able to hit the $25,000 price point by leveraging a new battery cell and manufacturing process, which eventually could reduce the costs associated with a battery by over 50%.\nThere has been little in the way of updates as to how that battery effort is moving along since then.\nMusk is also hoping the new vehicle, which has been unofficially dubbed the \"Model 2\", will be fully autonomous. “Do we want to have this car come with a steering wheel and pedals?” Musk reportedly asked his employees, suggesting the vehicle may not need them.\nRenderings show it as a compact style hatchback.\nLast year, Tesla disclosed plans to establish a research and development center in China to help build a \"Chinese style\" electric vehicle, which may wind up being similar, or the same, as the proposed \"Model 2\".\nSources told electrekproduction could start as soon as 2023. We'll take the \"over\" on that timeline, as usual, when it comes to matters of Musk's promises. The report concluded by stating that the company's progress on Full Self Driving will dictate whether or not the Model 2 will be autonomous. With that being the case, not only do we think proposed goals about the timeline are likely misguided, but we're not holding out hope for autonomy, either.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126116347,"gmtCreate":1624547307289,"gmtModify":1631884323341,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Hope so","listText":"Hope so","text":"Hope so","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/126116347","repostId":"1186919064","repostType":2,"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181651985,"gmtCreate":1623391911847,"gmtModify":1634033823805,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Nice[强]&nbsp;","listText":"Nice[强]&nbsp;","text":"Nice[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/181651985","repostId":"1138970454","repostType":2,"isVote":1,"tweetType":1,"viewCount":642,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":111133894,"gmtCreate":1622658834518,"gmtModify":1634099470492,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Wow...","listText":"Wow...","text":"Wow...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/111133894","repostId":"1107834073","repostType":2,"isVote":1,"tweetType":1,"viewCount":1194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885431808,"gmtCreate":1631809294804,"gmtModify":1631889356808,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/885431808","repostId":"1168707929","repostType":4,"repost":{"id":"1168707929","kind":"news","pubTimestamp":1631802521,"share":"https://www.laohu8.com/m/news/1168707929?lang=zh_CN&edition=full","pubTime":"2021-09-16 22:28","market":"us","language":"en","title":"Amazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做。沃尔玛也是。为什么零售业喜欢“先买后付”。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168707929","media":"The Wall Street Journal","summary":"Retailers big and small are using installment plans to wring more sales out of shoppers who can’t ge","content":"<p>Retailers big and small are using installment plans to wring more sales out of shoppers who can’t get credit cards</p><p><blockquote>大大小小的零售商正在利用分期付款计划从无法获得信用卡的购物者那里榨取更多销售额</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/108a4007d95b3e93e4d3fe6d678d8339\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank, Macy’s CEO Jeff Gennette said on a recent earnings call.</span></p><p><blockquote><p class=\"t-img-caption\"><span>梅西百货首席执行官杰夫·根内特(Jeff Gennette)在最近的财报看涨期权上表示，当购物者使用克拉纳银行提供的分期付款计划时，他们会在梅西百货花费更多。</span></p></blockquote></p><p> Alexis Luedtke got her first “buy now, pay later” plan in 2019 after she was rejected for a credit card. She has used at least five more since to buy face cream, T-shirts and birthday gifts.</p><p><blockquote>Alexis Luedtke在信用卡被拒绝后，于2019年获得了她的第一个“先买后付”计划。从那以后，她至少又用了五次钱来买面霜、T恤和生日礼物。</blockquote></p><p> Installment plans are back&nbsp;in style.PayPal Holdings&nbsp;Inc.&nbsp;last week&nbsp;said it was buying Japanese installment payment startup&nbsp;Paidy Inc., following Square Inc.’s&nbsp;$29 billion deal&nbsp;for&nbsp;Afterpay&nbsp;Ltd.Macy’s&nbsp;Inc.&nbsp;and&nbsp;Bed Bath &amp; Beyond&nbsp;Inc.&nbsp;have added the option at checkout over the past year. Even&nbsp;Amazon.com&nbsp;Inc.&nbsp;is doing it.</p><p><blockquote>分期付款计划又重新流行起来。继Square Inc.以290亿美元收购Afterpay Ltd.之后，PayPal Holdings Inc.上周表示，将收购日本分期付款初创公司Paidy Inc.。梅西百货(Macy's Inc.)和贝德柏士比昂公司(Bed Bath&amp;Beyond Inc.)增加了过去一年结账时的选项。甚至亚马逊。com Inc.也在这么做。</blockquote></p><p> One reason: shoppers like Ms. Luedtke who don’t qualify for credit cards. Buy-now-pay-later companies say they rely less on—and in some cases bypass altogether—traditional credit scores and reports. Doing so allows them to approve more consumers. Shoppers gain the ability to buy things even without cash on hand—translating to higher sales for retailers.</p><p><blockquote>一个原因是：像Luedtke女士这样没有资格使用信用卡的购物者。先买后付的公司表示，他们较少依赖传统的信用评分和报告，在某些情况下甚至完全绕过传统的信用评分和报告。这样做可以让他们认可更多的消费者。购物者即使手头没有现金也能买到东西——这转化为零售商更高的销售额。</blockquote></p><p> Afterpay said it expects the company’s U.S. merchants will see an $8.2 billion increase in sales this year because of payment plans.Affirm Holdings&nbsp;Inc.&nbsp;last year said purchases made with its payment plans were 85% larger, on average.</p><p><blockquote>Afterpay表示，由于付款计划，预计该公司的美国商家今年的销售额将增加82亿美元。Affirm Holdings Inc.去年表示，通过其付款计划进行的购买量平均增加了85%。</blockquote></p><p> Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank AB, Macy’s CEO Jeff Gennette said on a recent earnings call. Klarna also is helping the retailer attract younger customers, he said.</p><p><blockquote>梅西百货首席执行官杰夫·根内特(Jeff Gennette)在最近的财报看涨期权上表示，当购物者使用Klarna Bank AB提供的分期付款计划时，他们会在梅西百货花费更多。他说，Klarna还在帮助零售商吸引年轻顾客。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/40620bab35c446816da175fb2334c05e\" tg-width=\"435\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> “The value that most retailers see in buy now, pay later is customer acquisition,” said David Sykes, Klarna’s North America head.</p><p><blockquote>Klarna北美负责人David Sykes表示：“大多数零售商认为先买后付的价值是获取客户。”</blockquote></p><p> Ms. Luedtke, 26, has credit cards now but still prefers installment plans. Just last month, she used them to buy about $40 of Peter Thomas Roth skin-care products and $65 in clothing from Shein.</p><p><blockquote>26岁的Luedtke女士现在有信用卡，但仍然更喜欢分期付款计划。就在上个月，她用它们从Shein购买了约40美元的Peter Thomas Roth护肤品和65美元的服装。</blockquote></p><p> “It definitely influences how much more I buy or would spend,” she said. “It’s easier to pay $200 over so many weeks compared to $200 right now.”</p><p><blockquote>“这肯定会影响我购买或花费的金额，”她说。“与现在的200美元相比，在这么多周内支付200美元更容易。”</blockquote></p><p> Buy now, pay later is a new twist on an old idea. Big retailers have for decades offered installment plans for big-ticket items like washing machines. Today, these plans come in a variety of flavors. Afterpay offers payment plans that shoppers usually attach to their debit cards. Others, like Affirm, also facilitate new loans.</p><p><blockquote>先买后付是对旧观念的新转变。几十年来，大型零售商一直为洗衣机等大件商品提供分期付款计划。如今，这些计划有多种形式。Afterpay提供购物者通常将其附加到借记卡上的付款计划。Affirm等其他公司也为新贷款提供便利。</blockquote></p><p> Interest rates and other terms vary by payment-plan provider. Affirm interest rates range from 0% to 30%, with some 43% of its transactions during its last fiscal year not charging interest at all. The company doesn’t charge late fees. Afterpay doesn’t charge interest but does collect late fees.</p><p><blockquote>利率和其他条款因付款计划提供商而异。Affirm的利率范围为0%至30%，上一财年约43%的交易根本不收取利息。公司不收取滞纳金。Afterpay不收取利息，但收取滞纳金。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/223a1da79b30869fc443b06f41a959eb\" tg-width=\"441\" tg-height=\"556\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Merchants take no credit risk with these plans, but the fees they incur can be higher than on credit-card purchases—often between 3% and 5% of the purchase price, according to people familiar with the matter.</p><p><blockquote>据知情人士透露，商家通过这些计划不承担信用风险，但他们产生的费用可能高于信用卡购物——通常在购买价格的3%至5%之间。</blockquote></p><p> Buy-now-pay-later companies say they can approve more customers than banks, including people who have thin or no borrowing history. Some 53 million adults in the U.S. lack traditional credit scores, according to FICO score creator&nbsp;Fair Isaac&nbsp;Corp.Installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.</p><p><blockquote>先买后付的公司表示，他们可以批准比银行更多的客户，包括没有借贷历史或没有借贷历史的人。根据FICO评分创建者Fair Isaac Corp.的数据，美国约有5300万成年人缺乏传统信用评分。他们表示，分期付款计划更安全，因为它们通常小于信用卡支出限额，并且按每笔交易获得批准。</blockquote></p><p> Affirm said that it had a net charge-off rate of 1% in the quarter ended June 30, down from 2% a year earlier. Afterpay said it wrote off 0.6% of the total dollars it processed in payments during the company’s fiscal year ended June 30, up from 0.4% the year prior.</p><p><blockquote>Affirm表示，截至6月30日的季度净冲销率为1%，低于去年同期的2%。Afterpay表示，在截至6月30日的财年中，该公司注销了其处理的支付总额的0.6%，高于上年的0.4%。</blockquote></p><p> Working with a web of retailers, buy-now-pay-later companies can create self-contained payment ecosystems. They factor payment behavior into future underwriting decisions. Customers who pay late or not at all risk losing the installment option at other participating retailers.</p><p><blockquote>通过与零售商网络合作，先买后付的公司可以创建独立的支付生态系统。他们将支付行为纳入未来的承保决策中。延迟付款或根本不付款的客户可能会失去其他参与零售商的分期付款选项。</blockquote></p><p> “Most merchants want a partner who has real advantage and real ability to underwrite,” said Affirm CEO Max Levchin. “These are not deeper approvals, but they are different approvals.”</p><p><blockquote>Affirm首席执行官Max Levchin表示：“大多数商家都想要一个拥有真正优势和真正承保能力的合作伙伴。”“这些不是更深层次的审批，而是不同的审批。”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f0a5ab7e1c7d6de154b68c230f13b49\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>Affirm facilitates new loans among other payment plans.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Affirm在其他付款计划中促进新贷款。</span></p></blockquote></p><p></p><p> Amazon&nbsp;and&nbsp;Walmart&nbsp;Inc.&nbsp;are both working with Affirm. Both have said they want their financial partners to extend credit to more of their customers.</p><p><blockquote>亚马逊和沃尔玛公司都在与Affirm合作。两家公司都表示，他们希望金融合作伙伴向更多客户提供信贷。</blockquote></p><p> Amazon is reviewing proposals, as it weighs whether to replace its longtime card issuer, JPMorgan Chase &amp; Co. Amazon is looking for “commitments to underwrite competitively to widen the acquisition funnel,” the retailer said in a request for proposals reviewed by The Wall Street Journal.</p><p><blockquote>亚马逊正在审查提案，因为它正在权衡是否取代其长期发卡机构摩根大通公司。该零售商在《华尔街日报》审查的提案请求中表示，亚马逊正在寻求“有竞争力的承销承诺，以扩大收购漏斗”。</blockquote></p><p> A desire to boost loan approvals was among the reasons Walmart in 2018 decided to end its decadeslong credit-card partnership with&nbsp;Synchrony Financial.(Capital One Financial Corp. now issues Walmart-branded credit cards.) The retailer made Affirm loans available to most of its customers the following year.</p><p><blockquote>提高贷款审批的愿望是沃尔玛在2018年决定结束与Synchrony Financial长达数十年的信用卡合作伙伴关系的原因之一。（第一资本金融公司现在发行沃尔玛品牌的信用卡。）该零售商向大多数人提供了Affirm贷款次年其客户。</blockquote></p><p> “Our goal is financial inclusion for all,” said Julia Unger, Walmart’s vice president of financial services.</p><p><blockquote>“我们的目标是全民金融普惠，”沃尔玛金融服务副总裁朱莉娅·昂格尔(Julia Unger)表示。</blockquote></p><p> Some banks now offer installment options on their credit cards.Citigroup&nbsp;Inc.&nbsp;saw a sevenfold increase in the dollar amount of credit-card purchases converted to installment loans in July, compared with the same month a year prior, said Gonzalo Luchetti, head of Citigroup’s U.S. consumer bank.</p><p><blockquote>一些银行现在在信用卡上提供分期付款选项。花旗集团美国消费者银行主管贡萨洛·卢凯蒂(Gonzalo Luchetti)表示，与去年同期相比，花旗集团7月份转换为分期贷款的信用卡购买金额增加了7倍。</blockquote></p><p> Synchrony, the largest U.S. store-credit-card issuer, will launch a buy-now, pay-later plan in October. Capital One will test out its own offering later this year, CEO Richard Fairbank said at a conference Monday.</p><p><blockquote>美国最大的商店信用卡发行商Synchrony将于10月推出先买后付计划。第一资本首席执行官理查德·费尔班克(Richard Fairbank)在周一的一次会议上表示，第一资本将在今年晚些时候测试自己的产品。</blockquote></p><p> Wells Fargo &amp; Co. and&nbsp;Bank of America&nbsp;Corp.&nbsp;are exploring adding installment plans on their credit cards, according to people familiar with the matter.Visa&nbsp;Inc.&nbsp;said it has been testing out ways for shoppers to check if they qualify for installment plans when they enter their card numbers at checkout.</p><p><blockquote>据知情人士透露，富国银行(Wells Fargo&amp;Co.)和美国银行(Bank of America Corp.)正在探索在其信用卡上增加分期付款计划。Visa Inc.表示，该公司一直在测试如何让购物者在结账时输入卡号时检查自己是否有资格享受分期付款计划。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做。沃尔玛也是。为什么零售业喜欢“先买后付”。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做。沃尔玛也是。为什么零售业喜欢“先买后付”。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-09-16 22:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Retailers big and small are using installment plans to wring more sales out of shoppers who can’t get credit cards</p><p><blockquote>大大小小的零售商正在利用分期付款计划从无法获得信用卡的购物者那里榨取更多销售额</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/108a4007d95b3e93e4d3fe6d678d8339\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank, Macy’s CEO Jeff Gennette said on a recent earnings call.</span></p><p><blockquote><p class=\"t-img-caption\"><span>梅西百货首席执行官杰夫·根内特(Jeff Gennette)在最近的财报看涨期权上表示，当购物者使用克拉纳银行提供的分期付款计划时，他们会在梅西百货花费更多。</span></p></blockquote></p><p> Alexis Luedtke got her first “buy now, pay later” plan in 2019 after she was rejected for a credit card. She has used at least five more since to buy face cream, T-shirts and birthday gifts.</p><p><blockquote>Alexis Luedtke在信用卡被拒绝后，于2019年获得了她的第一个“先买后付”计划。从那以后，她至少又用了五次钱来买面霜、T恤和生日礼物。</blockquote></p><p> Installment plans are back&nbsp;in style.PayPal Holdings&nbsp;Inc.&nbsp;last week&nbsp;said it was buying Japanese installment payment startup&nbsp;Paidy Inc., following Square Inc.’s&nbsp;$29 billion deal&nbsp;for&nbsp;Afterpay&nbsp;Ltd.Macy’s&nbsp;Inc.&nbsp;and&nbsp;Bed Bath &amp; Beyond&nbsp;Inc.&nbsp;have added the option at checkout over the past year. Even&nbsp;Amazon.com&nbsp;Inc.&nbsp;is doing it.</p><p><blockquote>分期付款计划又重新流行起来。继Square Inc.以290亿美元收购Afterpay Ltd.之后，PayPal Holdings Inc.上周表示，将收购日本分期付款初创公司Paidy Inc.。梅西百货(Macy's Inc.)和贝德柏士比昂公司(Bed Bath&amp;Beyond Inc.)增加了过去一年结账时的选项。甚至亚马逊。com Inc.也在这么做。</blockquote></p><p> One reason: shoppers like Ms. Luedtke who don’t qualify for credit cards. Buy-now-pay-later companies say they rely less on—and in some cases bypass altogether—traditional credit scores and reports. Doing so allows them to approve more consumers. Shoppers gain the ability to buy things even without cash on hand—translating to higher sales for retailers.</p><p><blockquote>一个原因是：像Luedtke女士这样没有资格使用信用卡的购物者。先买后付的公司表示，他们较少依赖传统的信用评分和报告，在某些情况下甚至完全绕过传统的信用评分和报告。这样做可以让他们认可更多的消费者。购物者即使手头没有现金也能买到东西——这转化为零售商更高的销售额。</blockquote></p><p> Afterpay said it expects the company’s U.S. merchants will see an $8.2 billion increase in sales this year because of payment plans.Affirm Holdings&nbsp;Inc.&nbsp;last year said purchases made with its payment plans were 85% larger, on average.</p><p><blockquote>Afterpay表示，由于付款计划，预计该公司的美国商家今年的销售额将增加82亿美元。Affirm Holdings Inc.去年表示，通过其付款计划进行的购买量平均增加了85%。</blockquote></p><p> Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank AB, Macy’s CEO Jeff Gennette said on a recent earnings call. Klarna also is helping the retailer attract younger customers, he said.</p><p><blockquote>梅西百货首席执行官杰夫·根内特(Jeff Gennette)在最近的财报看涨期权上表示，当购物者使用Klarna Bank AB提供的分期付款计划时，他们会在梅西百货花费更多。他说，Klarna还在帮助零售商吸引年轻顾客。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/40620bab35c446816da175fb2334c05e\" tg-width=\"435\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> “The value that most retailers see in buy now, pay later is customer acquisition,” said David Sykes, Klarna’s North America head.</p><p><blockquote>Klarna北美负责人David Sykes表示：“大多数零售商认为先买后付的价值是获取客户。”</blockquote></p><p> Ms. Luedtke, 26, has credit cards now but still prefers installment plans. Just last month, she used them to buy about $40 of Peter Thomas Roth skin-care products and $65 in clothing from Shein.</p><p><blockquote>26岁的Luedtke女士现在有信用卡，但仍然更喜欢分期付款计划。就在上个月，她用它们从Shein购买了约40美元的Peter Thomas Roth护肤品和65美元的服装。</blockquote></p><p> “It definitely influences how much more I buy or would spend,” she said. “It’s easier to pay $200 over so many weeks compared to $200 right now.”</p><p><blockquote>“这肯定会影响我购买或花费的金额，”她说。“与现在的200美元相比，在这么多周内支付200美元更容易。”</blockquote></p><p> Buy now, pay later is a new twist on an old idea. Big retailers have for decades offered installment plans for big-ticket items like washing machines. Today, these plans come in a variety of flavors. Afterpay offers payment plans that shoppers usually attach to their debit cards. Others, like Affirm, also facilitate new loans.</p><p><blockquote>先买后付是对旧观念的新转变。几十年来，大型零售商一直为洗衣机等大件商品提供分期付款计划。如今，这些计划有多种形式。Afterpay提供购物者通常将其附加到借记卡上的付款计划。Affirm等其他公司也为新贷款提供便利。</blockquote></p><p> Interest rates and other terms vary by payment-plan provider. Affirm interest rates range from 0% to 30%, with some 43% of its transactions during its last fiscal year not charging interest at all. The company doesn’t charge late fees. Afterpay doesn’t charge interest but does collect late fees.</p><p><blockquote>利率和其他条款因付款计划提供商而异。Affirm的利率范围为0%至30%，上一财年约43%的交易根本不收取利息。公司不收取滞纳金。Afterpay不收取利息，但收取滞纳金。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/223a1da79b30869fc443b06f41a959eb\" tg-width=\"441\" tg-height=\"556\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Merchants take no credit risk with these plans, but the fees they incur can be higher than on credit-card purchases—often between 3% and 5% of the purchase price, according to people familiar with the matter.</p><p><blockquote>据知情人士透露，商家通过这些计划不承担信用风险，但他们产生的费用可能高于信用卡购物——通常在购买价格的3%至5%之间。</blockquote></p><p> Buy-now-pay-later companies say they can approve more customers than banks, including people who have thin or no borrowing history. Some 53 million adults in the U.S. lack traditional credit scores, according to FICO score creator&nbsp;Fair Isaac&nbsp;Corp.Installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.</p><p><blockquote>先买后付的公司表示，他们可以批准比银行更多的客户，包括没有借贷历史或没有借贷历史的人。根据FICO评分创建者Fair Isaac Corp.的数据，美国约有5300万成年人缺乏传统信用评分。他们表示，分期付款计划更安全，因为它们通常小于信用卡支出限额，并且按每笔交易获得批准。</blockquote></p><p> Affirm said that it had a net charge-off rate of 1% in the quarter ended June 30, down from 2% a year earlier. Afterpay said it wrote off 0.6% of the total dollars it processed in payments during the company’s fiscal year ended June 30, up from 0.4% the year prior.</p><p><blockquote>Affirm表示，截至6月30日的季度净冲销率为1%，低于去年同期的2%。Afterpay表示，在截至6月30日的财年中，该公司注销了其处理的支付总额的0.6%，高于上年的0.4%。</blockquote></p><p> Working with a web of retailers, buy-now-pay-later companies can create self-contained payment ecosystems. They factor payment behavior into future underwriting decisions. Customers who pay late or not at all risk losing the installment option at other participating retailers.</p><p><blockquote>通过与零售商网络合作，先买后付的公司可以创建独立的支付生态系统。他们将支付行为纳入未来的承保决策中。延迟付款或根本不付款的客户可能会失去其他参与零售商的分期付款选项。</blockquote></p><p> “Most merchants want a partner who has real advantage and real ability to underwrite,” said Affirm CEO Max Levchin. “These are not deeper approvals, but they are different approvals.”</p><p><blockquote>Affirm首席执行官Max Levchin表示：“大多数商家都想要一个拥有真正优势和真正承保能力的合作伙伴。”“这些不是更深层次的审批，而是不同的审批。”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f0a5ab7e1c7d6de154b68c230f13b49\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>Affirm facilitates new loans among other payment plans.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Affirm在其他付款计划中促进新贷款。</span></p></blockquote></p><p></p><p> Amazon&nbsp;and&nbsp;Walmart&nbsp;Inc.&nbsp;are both working with Affirm. Both have said they want their financial partners to extend credit to more of their customers.</p><p><blockquote>亚马逊和沃尔玛公司都在与Affirm合作。两家公司都表示，他们希望金融合作伙伴向更多客户提供信贷。</blockquote></p><p> Amazon is reviewing proposals, as it weighs whether to replace its longtime card issuer, JPMorgan Chase &amp; Co. Amazon is looking for “commitments to underwrite competitively to widen the acquisition funnel,” the retailer said in a request for proposals reviewed by The Wall Street Journal.</p><p><blockquote>亚马逊正在审查提案，因为它正在权衡是否取代其长期发卡机构摩根大通公司。该零售商在《华尔街日报》审查的提案请求中表示，亚马逊正在寻求“有竞争力的承销承诺，以扩大收购漏斗”。</blockquote></p><p> A desire to boost loan approvals was among the reasons Walmart in 2018 decided to end its decadeslong credit-card partnership with&nbsp;Synchrony Financial.(Capital One Financial Corp. now issues Walmart-branded credit cards.) The retailer made Affirm loans available to most of its customers the following year.</p><p><blockquote>提高贷款审批的愿望是沃尔玛在2018年决定结束与Synchrony Financial长达数十年的信用卡合作伙伴关系的原因之一。（第一资本金融公司现在发行沃尔玛品牌的信用卡。）该零售商向大多数人提供了Affirm贷款次年其客户。</blockquote></p><p> “Our goal is financial inclusion for all,” said Julia Unger, Walmart’s vice president of financial services.</p><p><blockquote>“我们的目标是全民金融普惠，”沃尔玛金融服务副总裁朱莉娅·昂格尔(Julia Unger)表示。</blockquote></p><p> Some banks now offer installment options on their credit cards.Citigroup&nbsp;Inc.&nbsp;saw a sevenfold increase in the dollar amount of credit-card purchases converted to installment loans in July, compared with the same month a year prior, said Gonzalo Luchetti, head of Citigroup’s U.S. consumer bank.</p><p><blockquote>一些银行现在在信用卡上提供分期付款选项。花旗集团美国消费者银行主管贡萨洛·卢凯蒂(Gonzalo Luchetti)表示，与去年同期相比，花旗集团7月份转换为分期贷款的信用卡购买金额增加了7倍。</blockquote></p><p> Synchrony, the largest U.S. store-credit-card issuer, will launch a buy-now, pay-later plan in October. Capital One will test out its own offering later this year, CEO Richard Fairbank said at a conference Monday.</p><p><blockquote>美国最大的商店信用卡发行商Synchrony将于10月推出先买后付计划。第一资本首席执行官理查德·费尔班克(Richard Fairbank)在周一的一次会议上表示，第一资本将在今年晚些时候测试自己的产品。</blockquote></p><p> Wells Fargo &amp; Co. and&nbsp;Bank of America&nbsp;Corp.&nbsp;are exploring adding installment plans on their credit cards, according to people familiar with the matter.Visa&nbsp;Inc.&nbsp;said it has been testing out ways for shoppers to check if they qualify for installment plans when they enter their card numbers at checkout.</p><p><blockquote>据知情人士透露，富国银行(Wells Fargo&amp;Co.)和美国银行(Bank of America Corp.)正在探索在其信用卡上增加分期付款计划。Visa Inc.表示，该公司一直在测试如何让购物者在结账时输入卡号时检查自己是否有资格享受分期付款计划。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/amazon-is-doing-it-so-is-walmart-why-retail-loves-buy-now-pay-later-11631784601?mod=hp_lead_pos10\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","AFRM":"Affirm Holdings, Inc.","M":"梅西百货","WMT":"沃尔玛","V":"Visa","PYPL":"PayPal"},"source_url":"https://www.wsj.com/articles/amazon-is-doing-it-so-is-walmart-why-retail-loves-buy-now-pay-later-11631784601?mod=hp_lead_pos10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168707929","content_text":"Retailers big and small are using installment plans to wring more sales out of shoppers who can’t get credit cards\nShoppers spend more at Macy’s when they use installment plans offered through Klarna Bank, Macy’s CEO Jeff Gennette said on a recent earnings call.\nAlexis Luedtke got her first “buy now, pay later” plan in 2019 after she was rejected for a credit card. She has used at least five more since to buy face cream, T-shirts and birthday gifts.\nInstallment plans are back in style.PayPal Holdings Inc. last week said it was buying Japanese installment payment startup Paidy Inc., following Square Inc.’s $29 billion deal for Afterpay Ltd.Macy’s Inc. and Bed Bath & Beyond Inc. have added the option at checkout over the past year. Even Amazon.com Inc. is doing it.\nOne reason: shoppers like Ms. Luedtke who don’t qualify for credit cards. Buy-now-pay-later companies say they rely less on—and in some cases bypass altogether—traditional credit scores and reports. Doing so allows them to approve more consumers. Shoppers gain the ability to buy things even without cash on hand—translating to higher sales for retailers.\nAfterpay said it expects the company’s U.S. merchants will see an $8.2 billion increase in sales this year because of payment plans.Affirm Holdings Inc. last year said purchases made with its payment plans were 85% larger, on average.\nShoppers spend more at Macy’s when they use installment plans offered through Klarna Bank AB, Macy’s CEO Jeff Gennette said on a recent earnings call. Klarna also is helping the retailer attract younger customers, he said.\n\n“The value that most retailers see in buy now, pay later is customer acquisition,” said David Sykes, Klarna’s North America head.\nMs. Luedtke, 26, has credit cards now but still prefers installment plans. Just last month, she used them to buy about $40 of Peter Thomas Roth skin-care products and $65 in clothing from Shein.\n“It definitely influences how much more I buy or would spend,” she said. “It’s easier to pay $200 over so many weeks compared to $200 right now.”\nBuy now, pay later is a new twist on an old idea. Big retailers have for decades offered installment plans for big-ticket items like washing machines. Today, these plans come in a variety of flavors. Afterpay offers payment plans that shoppers usually attach to their debit cards. Others, like Affirm, also facilitate new loans.\nInterest rates and other terms vary by payment-plan provider. Affirm interest rates range from 0% to 30%, with some 43% of its transactions during its last fiscal year not charging interest at all. The company doesn’t charge late fees. Afterpay doesn’t charge interest but does collect late fees.\n\nMerchants take no credit risk with these plans, but the fees they incur can be higher than on credit-card purchases—often between 3% and 5% of the purchase price, according to people familiar with the matter.\nBuy-now-pay-later companies say they can approve more customers than banks, including people who have thin or no borrowing history. Some 53 million adults in the U.S. lack traditional credit scores, according to FICO score creator Fair Isaac Corp.Installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.\nAffirm said that it had a net charge-off rate of 1% in the quarter ended June 30, down from 2% a year earlier. Afterpay said it wrote off 0.6% of the total dollars it processed in payments during the company’s fiscal year ended June 30, up from 0.4% the year prior.\nWorking with a web of retailers, buy-now-pay-later companies can create self-contained payment ecosystems. They factor payment behavior into future underwriting decisions. Customers who pay late or not at all risk losing the installment option at other participating retailers.\n“Most merchants want a partner who has real advantage and real ability to underwrite,” said Affirm CEO Max Levchin. “These are not deeper approvals, but they are different approvals.”\nAffirm facilitates new loans among other payment plans.\nAmazon and Walmart Inc. are both working with Affirm. Both have said they want their financial partners to extend credit to more of their customers.\nAmazon is reviewing proposals, as it weighs whether to replace its longtime card issuer, JPMorgan Chase & Co. Amazon is looking for “commitments to underwrite competitively to widen the acquisition funnel,” the retailer said in a request for proposals reviewed by The Wall Street Journal.\nA desire to boost loan approvals was among the reasons Walmart in 2018 decided to end its decadeslong credit-card partnership with Synchrony Financial.(Capital One Financial Corp. now issues Walmart-branded credit cards.) The retailer made Affirm loans available to most of its customers the following year.\n“Our goal is financial inclusion for all,” said Julia Unger, Walmart’s vice president of financial services.\nSome banks now offer installment options on their credit cards.Citigroup Inc. saw a sevenfold increase in the dollar amount of credit-card purchases converted to installment loans in July, compared with the same month a year prior, said Gonzalo Luchetti, head of Citigroup’s U.S. consumer bank.\nSynchrony, the largest U.S. store-credit-card issuer, will launch a buy-now, pay-later plan in October. Capital One will test out its own offering later this year, CEO Richard Fairbank said at a conference Monday.\nWells Fargo & Co. and Bank of America Corp. are exploring adding installment plans on their credit cards, according to people familiar with the matter.Visa Inc. said it has been testing out ways for shoppers to check if they qualify for installment plans when they enter their card numbers at checkout.","news_type":1,"symbols_score_info":{"V":0.9,"WMT":0.9,"AFRM":0.9,"SQ":0.9,"PYPL":0.9,"AMZN":0.9,"M":0.9}},"isVote":1,"tweetType":1,"viewCount":833,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808676330,"gmtCreate":1627579243620,"gmtModify":1631889356905,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"htmlText":"&nbsp; 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Buy in November?<blockquote>亚马逊股票：较创纪录下跌12%。11月买？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128649961","media":"TheStreet","summary":"Amazon’s Q3 was challenging, and the holiday quarter will likely see the impact of higher costs and ","content":"<p>Amazon’s Q3 was challenging, and the holiday quarter will likely see the impact of higher costs and supply disruptions. As worries remain, should investors buy the dip in November?</p><p><blockquote>亚马逊第三季度充满挑战，假日季度可能会受到成本上升和供应中断的影响。由于担忧依然存在，投资者是否应该在11月逢低买入？</blockquote></p><p> Since&nbsp;the company’s second quarter earnings report, Amazon stock&nbsp;has been struggling to find traction. And while some hoped that third quarter results could suggest a post-pandemic recovery in e-commerce, Amazon’s online store sales climbed a mere 12% – low compared to nearly 40% last year.</p><p><blockquote>自该公司发布第二季度收益报告以来，亚马逊股票一直在努力寻找吸引力。尽管一些人希望第三季度的业绩能够表明电子商务在大流行后复苏，但亚马逊的在线商店销售额仅增长了12%，低于去年的近40%。</blockquote></p><p> Now, AMZN is 12% off its all-time high. Given the current setup, could November be a good month to buy Amazon stock? The Amazon Maven discusses the opportunity below.</p><p><blockquote>现在，AMZN的股价较历史高点下跌了12%。鉴于目前的情况，11月可能是购买亚马逊股票的好月份吗？Amazon Maven在下面讨论了这个机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/859137fd59747f3531fd786b5fae3a82\" tg-width=\"893\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Figure 1: Amazon fulfillment center.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：亚马逊运营中心。</span></p></blockquote></p><p> <b>Fundamentals still solid</b></p><p><blockquote><b>基本面依然稳固</b></blockquote></p><p> Few will disagree that Amazon is still the king of e-commerce. The company has been using the “flywheel approach” to its advantage, pulling together demand for its products and services and creating customer loyalty. With the number of Prime members&nbsp;expected to reach nearly 7 out of 10 American households&nbsp;by 2025, we believe that the Seattle-based company is the obvious candidate to capture the most growth opportunities.</p><p><blockquote>很少有人会不同意亚马逊仍然是电子商务之王。该公司一直在利用“飞轮方法”，将对其产品和服务的需求聚集在一起，并创造客户忠诚度。预计到2025年，Prime会员数量将达到近十分之七的美国家庭，我们认为这家总部位于西雅图的公司显然是抓住最多增长机会的候选者。</blockquote></p><p> On the cloud side, Amazon seems to have nothing but blue skies ahead (pun intended). AWS (i.e. Amazon Web Services) was instrumental in keeping total company op profits afloat in the third quarter – a combination of top-line momentum and a low marginal cost model. With the cloud space projected to grow at a CAGR of nearly 20% through 2028 at least, market leader Amazon stands to benefit.</p><p><blockquote>在云方面，亚马逊似乎只有蓝天（双关语）。AWS（即亚马逊网络服务）在第三季度保持公司总营业利润方面发挥了重要作用——这是营收势头和低边际成本模式的结合。预计到2028年，云领域的复合年增长率至少将达到近20%，市场领导者亚马逊将从中受益。</blockquote></p><p> <b>Buying the dip</b></p><p><blockquote><b>逢低买入</b></blockquote></p><p> While it is hard to make short-term predictions on price movement, the recent pullback in AMZN could be an opportunity for long-term shareholders.As the Amazon Maven has discussed before, “buying the fear and selling the greed” has worked well for Amazon stock.</p><p><blockquote>虽然很难对价格走势做出短期预测，但亚马逊最近的回调对长期股东来说可能是一个机会。正如亚马逊专家之前讨论的那样，“买入恐惧，卖出贪婪”对于亚马逊股票来说效果很好。</blockquote></p><p> The chart below shows that buying AMZN and holding it for a year has produced an average of 33% in gains over the past two decades. Doing so after a 15% correction or more has led to even better returns of 42%. Therefore, with the stock officially in correction mode (i.e. 10% or more below peak levels), November could prove to be a good time to buy.</p><p><blockquote>下图显示，购买AMZN并持有一年在过去二十年中平均产生了33%的收益。在15%或更多的修正后这样做会带来42%的更好回报。因此，随着该股正式进入修正模式（即比峰值水平低10%或更多），11月可能是买入的好时机。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe59b47af83bd439a7f35ab6c5325b9b\" tg-width=\"630\" tg-height=\"410\" width=\"100%\" height=\"auto\"><span>Figure 2: Median one-year return on AMZN.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AMZN的一年回报率中位数。</span></p></blockquote></p><p> <b>Wall Street says buy</b></p><p><blockquote><b>华尔街表示买入</b></blockquote></p><p> The pandemic has led analysts to think that shopping habits would be disrupted for good. However, Amazon’s two most recent earnings reports have proven that e-commerce benefited from a temporary spike in buy-from-home activity in 2020 – and that enough demand has been shifting back to the brick-and-mortar channel this year.</p><p><blockquote>疫情让分析师认为购物习惯将被永远打乱。然而，亚马逊最近的两份财报证明，电子商务受益于2020年在家购买活动的暂时激增，而且今年有足够的需求重新转向实体渠道。</blockquote></p><p> Expectations seem to have been reset. Still, Wall Street consensus remains highly bullish. Analysts believe that Amazon stock should be worth over $4,000 in the foreseeable future, according to TipRanks. If so, this would represent upside of 22%, even if such gains may take months to materialize.</p><p><blockquote>期望似乎被重置了。尽管如此，华尔街的共识仍然高度乐观。根据TipRanks的数据，分析师认为，在可预见的未来，亚马逊股票的价值应该超过4,000美元。如果是这样，这将意味着22%的上涨空间，即使这种收益可能需要几个月才能实现。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Stock: It's Down 12% From Record. Buy in November?<blockquote>亚马逊股票：较创纪录下跌12%。11月买？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Stock: It's Down 12% From Record. Buy in November?<blockquote>亚马逊股票：较创纪录下跌12%。11月买？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-11-03 23:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Amazon’s Q3 was challenging, and the holiday quarter will likely see the impact of higher costs and supply disruptions. As worries remain, should investors buy the dip in November?</p><p><blockquote>亚马逊第三季度充满挑战，假日季度可能会受到成本上升和供应中断的影响。由于担忧依然存在，投资者是否应该在11月逢低买入？</blockquote></p><p> Since&nbsp;the company’s second quarter earnings report, Amazon stock&nbsp;has been struggling to find traction. And while some hoped that third quarter results could suggest a post-pandemic recovery in e-commerce, Amazon’s online store sales climbed a mere 12% – low compared to nearly 40% last year.</p><p><blockquote>自该公司发布第二季度收益报告以来，亚马逊股票一直在努力寻找吸引力。尽管一些人希望第三季度的业绩能够表明电子商务在大流行后复苏，但亚马逊的在线商店销售额仅增长了12%，低于去年的近40%。</blockquote></p><p> Now, AMZN is 12% off its all-time high. Given the current setup, could November be a good month to buy Amazon stock? The Amazon Maven discusses the opportunity below.</p><p><blockquote>现在，AMZN的股价较历史高点下跌了12%。鉴于目前的情况，11月可能是购买亚马逊股票的好月份吗？Amazon Maven在下面讨论了这个机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/859137fd59747f3531fd786b5fae3a82\" tg-width=\"893\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Figure 1: Amazon fulfillment center.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：亚马逊运营中心。</span></p></blockquote></p><p> <b>Fundamentals still solid</b></p><p><blockquote><b>基本面依然稳固</b></blockquote></p><p> Few will disagree that Amazon is still the king of e-commerce. The company has been using the “flywheel approach” to its advantage, pulling together demand for its products and services and creating customer loyalty. With the number of Prime members&nbsp;expected to reach nearly 7 out of 10 American households&nbsp;by 2025, we believe that the Seattle-based company is the obvious candidate to capture the most growth opportunities.</p><p><blockquote>很少有人会不同意亚马逊仍然是电子商务之王。该公司一直在利用“飞轮方法”，将对其产品和服务的需求聚集在一起，并创造客户忠诚度。预计到2025年，Prime会员数量将达到近十分之七的美国家庭，我们认为这家总部位于西雅图的公司显然是抓住最多增长机会的候选者。</blockquote></p><p> On the cloud side, Amazon seems to have nothing but blue skies ahead (pun intended). AWS (i.e. Amazon Web Services) was instrumental in keeping total company op profits afloat in the third quarter – a combination of top-line momentum and a low marginal cost model. With the cloud space projected to grow at a CAGR of nearly 20% through 2028 at least, market leader Amazon stands to benefit.</p><p><blockquote>在云方面，亚马逊似乎只有蓝天（双关语）。AWS（即亚马逊网络服务）在第三季度保持公司总营业利润方面发挥了重要作用——这是营收势头和低边际成本模式的结合。预计到2028年，云领域的复合年增长率至少将达到近20%，市场领导者亚马逊将从中受益。</blockquote></p><p> <b>Buying the dip</b></p><p><blockquote><b>逢低买入</b></blockquote></p><p> While it is hard to make short-term predictions on price movement, the recent pullback in AMZN could be an opportunity for long-term shareholders.As the Amazon Maven has discussed before, “buying the fear and selling the greed” has worked well for Amazon stock.</p><p><blockquote>虽然很难对价格走势做出短期预测，但亚马逊最近的回调对长期股东来说可能是一个机会。正如亚马逊专家之前讨论的那样，“买入恐惧，卖出贪婪”对于亚马逊股票来说效果很好。</blockquote></p><p> The chart below shows that buying AMZN and holding it for a year has produced an average of 33% in gains over the past two decades. Doing so after a 15% correction or more has led to even better returns of 42%. Therefore, with the stock officially in correction mode (i.e. 10% or more below peak levels), November could prove to be a good time to buy.</p><p><blockquote>下图显示，购买AMZN并持有一年在过去二十年中平均产生了33%的收益。在15%或更多的修正后这样做会带来42%的更好回报。因此，随着该股正式进入修正模式（即比峰值水平低10%或更多），11月可能是买入的好时机。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe59b47af83bd439a7f35ab6c5325b9b\" tg-width=\"630\" tg-height=\"410\" width=\"100%\" height=\"auto\"><span>Figure 2: Median one-year return on AMZN.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AMZN的一年回报率中位数。</span></p></blockquote></p><p> <b>Wall Street says buy</b></p><p><blockquote><b>华尔街表示买入</b></blockquote></p><p> The pandemic has led analysts to think that shopping habits would be disrupted for good. However, Amazon’s two most recent earnings reports have proven that e-commerce benefited from a temporary spike in buy-from-home activity in 2020 – and that enough demand has been shifting back to the brick-and-mortar channel this year.</p><p><blockquote>疫情让分析师认为购物习惯将被永远打乱。然而，亚马逊最近的两份财报证明，电子商务受益于2020年在家购买活动的暂时激增，而且今年有足够的需求重新转向实体渠道。</blockquote></p><p> Expectations seem to have been reset. Still, Wall Street consensus remains highly bullish. Analysts believe that Amazon stock should be worth over $4,000 in the foreseeable future, according to TipRanks. If so, this would represent upside of 22%, even if such gains may take months to materialize.</p><p><blockquote>期望似乎被重置了。尽管如此，华尔街的共识仍然高度乐观。根据TipRanks的数据，分析师认为，在可预见的未来，亚马逊股票的价值应该超过4,000美元。如果是这样，这将意味着22%的上涨空间，即使这种收益可能需要几个月才能实现。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/amazon/stock/amazon-stock-should-you-buy-in-november\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/stock/amazon-stock-should-you-buy-in-november","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128649961","content_text":"Amazon’s Q3 was challenging, and the holiday quarter will likely see the impact of higher costs and supply disruptions. As worries remain, should investors buy the dip in November?\nSince the company’s second quarter earnings report, Amazon stock has been struggling to find traction. And while some hoped that third quarter results could suggest a post-pandemic recovery in e-commerce, Amazon’s online store sales climbed a mere 12% – low compared to nearly 40% last year.\nNow, AMZN is 12% off its all-time high. Given the current setup, could November be a good month to buy Amazon stock? The Amazon Maven discusses the opportunity below.\nFigure 1: Amazon fulfillment center.\nFundamentals still solid\nFew will disagree that Amazon is still the king of e-commerce. The company has been using the “flywheel approach” to its advantage, pulling together demand for its products and services and creating customer loyalty. With the number of Prime members expected to reach nearly 7 out of 10 American households by 2025, we believe that the Seattle-based company is the obvious candidate to capture the most growth opportunities.\nOn the cloud side, Amazon seems to have nothing but blue skies ahead (pun intended). AWS (i.e. Amazon Web Services) was instrumental in keeping total company op profits afloat in the third quarter – a combination of top-line momentum and a low marginal cost model. With the cloud space projected to grow at a CAGR of nearly 20% through 2028 at least, market leader Amazon stands to benefit.\nBuying the dip\nWhile it is hard to make short-term predictions on price movement, the recent pullback in AMZN could be an opportunity for long-term shareholders.As the Amazon Maven has discussed before, “buying the fear and selling the greed” has worked well for Amazon stock.\nThe chart below shows that buying AMZN and holding it for a year has produced an average of 33% in gains over the past two decades. Doing so after a 15% correction or more has led to even better returns of 42%. Therefore, with the stock officially in correction mode (i.e. 10% or more below peak levels), November could prove to be a good time to buy.\nFigure 2: Median one-year return on AMZN.\nWall Street says buy\nThe pandemic has led analysts to think that shopping habits would be disrupted for good. However, Amazon’s two most recent earnings reports have proven that e-commerce benefited from a temporary spike in buy-from-home activity in 2020 – and that enough demand has been shifting back to the brick-and-mortar channel this year.\nExpectations seem to have been reset. Still, Wall Street consensus remains highly bullish. Analysts believe that Amazon stock should be worth over $4,000 in the foreseeable future, according to TipRanks. 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