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JeremyChuax

JeremyChuax

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2021-07-23

Like and comment.

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2021-10-04

Upup

What to know this week：September jobs report, PepsiCo and Levi earnings<blockquote>本周需要了解的内容：9月份就业报告、百事可乐和李维斯收益</blockquote>

2021-10-17

This is nice.

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2021-11-26

Ok

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2021-10-13

Like and comment.

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2021-09-22

Like pls.

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2021-09-15

Oh no. Like pls

Some hot chinese concept stocks slipped in premarket trading<blockquote>部分热点中概股盘前下跌</blockquote>

2021-10-06

Like pls

The next financial crisis is fast approaching<blockquote>下一次金融危机即将来临</blockquote>

2021-09-09

Up, like pls

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2021-08-06

Like and up.

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Group跌7%，通用跌5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113440959","media":"Tiger Newspress","summary":"EV stocks fell sharply in morning trading ,with Rivian sliding 12%,Lucid Group sliding 7%, Lordstown","content":"<p>EV stocks fell sharply in morning trading ,with Rivian sliding 12%,Lucid Group sliding 7%, Lordstown&nbsp;Motors&nbsp;sliding&nbsp;6%&nbsp;and General Motors sliding 5%.<img src=\"https://static.tigerbbs.com/cd629a366b9a963976bc2a56e7c34763\" tg-width=\"282\" tg-height=\"468\" width=\"100%\" height=\"auto\"></p><p><blockquote>电动汽车股早盘大幅下跌，Rivian下跌12%，Lucid Group下跌7%，Lordstown Motors下跌6%，通用汽车下跌5%。</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\" 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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\">2021-12-17 22:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>EV stocks fell sharply in morning trading ,with Rivian sliding 12%,Lucid Group sliding 7%, Lordstown&nbsp;Motors&nbsp;sliding&nbsp;6%&nbsp;and General Motors sliding 5%.<img src=\"https://static.tigerbbs.com/cd629a366b9a963976bc2a56e7c34763\" tg-width=\"282\" tg-height=\"468\" width=\"100%\" height=\"auto\"></p><p><blockquote>电动汽车股早盘大幅下跌，Rivian下跌12%，Lucid Group下跌7%，Lordstown Motors下跌6%，通用汽车下跌5%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","GM":"通用汽车","RIVN":"Rivian Automotive, 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risk haha.","listText":"Off risk haha.","text":"Off risk haha.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607263290","repostId":"1150850336","repostType":2,"isVote":1,"tweetType":1,"viewCount":3968,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607063848,"gmtCreate":1639459145392,"gmtModify":1639459372398,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Power!","listText":"Power!","text":"Power!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607063848","repostId":"2191890219","repostType":2,"isVote":1,"tweetType":1,"viewCount":4945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604235320,"gmtCreate":1639400482867,"gmtModify":1639400675438,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Woohoo","listText":"Woohoo","text":"Woohoo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/604235320","repostId":"1191584533","repostType":2,"repost":{"id":"1191584533","kind":"news","weMediaInfo":{"introduction":"Providing 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is gearing up to launch the latest version of its iPhone and iPad operating system, which will contain nudity detection in the Messages app for devices used by children, as per journalist&nbsp;<b>Mark Gurman.</b></p><p><blockquote>苹果盘前交易中上涨1%，市值接近3万亿美元。<b>苹果公司</b>据记者报道，（纳斯达克：AAPL）正准备推出最新版本的iPhone和iPad操作系统，该操作系统将在儿童使用的设备的Messages应用程序中包含裸体检测功能<b>马克·古尔曼。</b></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 rose 1% in premarket trading,with its market value reaching nearly 3 trillion dollars<blockquote>苹果盘前涨1%市值近3万亿美元</blockquote></title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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 rose 1% in premarket trading,with its market value reaching nearly 3 trillion dollars<blockquote>苹果盘前涨1%市值近3万亿美元</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\">2021-12-13 17:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple rose 1% in premarket trading,&nbsp;with its market value reaching nearly 3 trillion dollars.<img src=\"https://static.tigerbbs.com/e9791d034ae0c6c9d0e8735f3c22dbcb\" tg-width=\"773\" tg-height=\"573\" referrerpolicy=\"no-referrer\"><b>Apple Inc</b>(NASDAQ:AAPL) is gearing up to launch the latest version of its iPhone and iPad operating system, which will contain nudity detection in the Messages app for devices used by children, as per journalist&nbsp;<b>Mark Gurman.</b></p><p><blockquote>苹果盘前交易中上涨1%，市值接近3万亿美元。<b>苹果公司</b>据记者报道，（纳斯达克：AAPL）正准备推出最新版本的iPhone和iPad操作系统，该操作系统将在儿童使用的设备的Messages应用程序中包含裸体检测功能<b>马克·古尔曼。</b></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191584533","content_text":"Apple rose 1% in premarket trading, with its market value reaching nearly 3 trillion dollars.Apple Inc(NASDAQ:AAPL) is gearing up to launch the latest version of its iPhone and iPad operating system, which will contain nudity detection in the Messages app for devices used by children, as per journalist Mark Gurman.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604235075,"gmtCreate":1639400462729,"gmtModify":1639402151500,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Will it up soon?","listText":"Will it up soon?","text":"Will it up soon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604235075","repostId":"1149966115","repostType":2,"isVote":1,"tweetType":1,"viewCount":4139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604045488,"gmtCreate":1639289572173,"gmtModify":1639289572602,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Haha.","listText":"Haha.","text":"Haha.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/604045488","repostId":"2190679207","repostType":2,"isVote":1,"tweetType":1,"viewCount":4762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605576471,"gmtCreate":1639200804618,"gmtModify":1639200804959,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Good or bad??","listText":"Good or bad??","text":"Good or bad??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/605576471","repostId":"2190767366","repostType":2,"isVote":1,"tweetType":1,"viewCount":3199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605609309,"gmtCreate":1639148939926,"gmtModify":1639148940296,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/605609309","repostId":"1151890002","repostType":2,"repost":{"id":"1151890002","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":1639147684,"share":"https://www.laohu8.com/m/news/1151890002?lang=zh_CN&edition=full","pubTime":"2021-12-10 22:48","market":"us","language":"en","title":"EV stocks mixed in morning trading<blockquote>电动汽车股早盘涨跌互现</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151890002","media":"Tiger Newspress","summary":"EV stocks mixed in morning trading.Lucid,Faraday Future,Nio,Li Auto and Sono Group climbed between 1","content":"<p>EV stocks mixed in morning trading.Lucid,Faraday Future,Nio,Li Auto&nbsp;and&nbsp;Sono Group&nbsp;climbed between 1% and 4%.Tesla&nbsp;and&nbsp;NIO&nbsp;fell&nbsp;about&nbsp;2%.</p><p><blockquote>电动汽车股早盘涨跌互现。Lucid、法拉第未来、蔚来、理想汽车和索诺集团上涨1%至4%。特斯拉和蔚来下跌约2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0f346fee60459b75b81de3dee1b7ff60\" tg-width=\"412\" tg-height=\"723\" referrerpolicy=\"no-referrer\"></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>EV stocks mixed in morning trading<blockquote>电动汽车股早盘涨跌互现</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\">\nEV stocks mixed in morning trading<blockquote>电动汽车股早盘涨跌互现</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\">2021-12-10 22:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>EV stocks mixed in morning trading.Lucid,Faraday Future,Nio,Li Auto&nbsp;and&nbsp;Sono Group&nbsp;climbed between 1% and 4%.Tesla&nbsp;and&nbsp;NIO&nbsp;fell&nbsp;about&nbsp;2%.</p><p><blockquote>电动汽车股早盘涨跌互现。Lucid、法拉第未来、蔚来、理想汽车和索诺集团上涨1%至4%。特斯拉和蔚来下跌约2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0f346fee60459b75b81de3dee1b7ff60\" tg-width=\"412\" tg-height=\"723\" referrerpolicy=\"no-referrer\"></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","RIVN":"Rivian Automotive, Inc.","LCID":"Lucid Group Inc","SEV":"Aptera Motors","TSLA":"特斯拉","FSR":"菲斯克","NIO":"蔚来","LI":"理想汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151890002","content_text":"EV stocks mixed in morning trading.Lucid,Faraday Future,Nio,Li Auto and Sono Group climbed between 1% and 4%.Tesla and NIO fell about 2%.","news_type":1,"symbols_score_info":{"LI":0.9,"XPEV":0.9,"FFIE":0.9,"GOEV":0.9,"NKLA":0.9,"FSR":0.9,"RIDE":0.9,"SEV":0.9,"LCID":0.9,"NIO":0.9,"RIVN":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1055,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602036764,"gmtCreate":1638937877872,"gmtModify":1638937878177,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Yes agreed on more growth better.","listText":"Yes agreed on more growth better.","text":"Yes agreed on more growth better.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/602036764","repostId":"1105817084","repostType":2,"repost":{"id":"1105817084","kind":"news","pubTimestamp":1638933976,"share":"https://www.laohu8.com/m/news/1105817084?lang=zh_CN&edition=full","pubTime":"2021-12-08 11:26","market":"us","language":"en","title":"Apple Stock: What Happens When The Cash Runs Out?<blockquote>苹果股票：现金用完会发生什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105817084","media":"TheStreet","summary":"Apple is about to run out of cash. This statement may sound lucrac is to most Apple stock  investors, since the Cupertino company has been a cash-generating machine in the past many years. But even the management team knows this to be true.Today, the Apple Maven talks about what has been happening to the iPhone maker’s once giant pile of cash, and what the declining balances may mean for shareholders.To be fair, “running out of cash” in this context does not mean that Apple’s checking accounts a","content":"<p>Apple is about to run out of cash. This statement may sound lucrac&nbsp;is to most Apple stock&nbsp;(<b>AAPL</b>)&nbsp;investors, since the Cupertino company has been a cash-generating machine in the past many years. But even the management team&nbsp;knows&nbsp;this to be true.</p><p><blockquote>苹果即将耗尽现金。对于大多数苹果股票来说，这种说法听起来可能是lucrac（<b>AAPL</b>）投资者，因为库比蒂诺公司在过去多年里一直是一台现金产生机。但即使是管理团队也知道这是真的。</blockquote></p><p> Today, the Apple Maven talks about what has been happening to the iPhone maker’s once giant pile of cash, and what the declining balances may mean for shareholders.</p><p><blockquote>今天，这位苹果专家谈论了这家iPhone制造商曾经庞大的现金储备发生了什么，以及余额下降对股东可能意味着什么。</blockquote></p><p> <b>Apple heading to net cash neutral</b></p><p><blockquote><b>苹果走向净现金中性</b></blockquote></p><p> To be fair, “running out of cash” in this context does not mean that Apple’s checking accounts at the bank will dry out. It simply means that the company’s debt balances will roughly offset its cash position — i.e. Apple will become net cash neutral.</p><p><blockquote>公平地说，在这种情况下“现金耗尽”并不意味着苹果在银行的支票账户将会枯竭。这仅仅意味着该公司的债务余额将大致抵消其现金状况，即苹果将成为净现金中性。</blockquote></p><p> The chart below shows the evolution of Apple’s gross cash (blue bars) and net cash (orange bars) balances since 2011. Ten years ago was when then-CEO Steve Jobs stepped down and turned the control of the company over to then-COO Tim Cook.</p><p><blockquote>下图显示了自2011年以来苹果总现金（蓝色条）和净现金（橙色条）余额的演变。十年前，时任首席执行官史蒂夫·乔布斯卸任，将公司控制权移交给时任首席运营官蒂姆·库克。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/435c5199979bc64d49899feed29d15fb\" tg-width=\"1200\" tg-height=\"723\" width=\"100%\" height=\"auto\"><span>Figure 2:Apple's cash position, fiscal 2012-2021.data from Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：苹果2012-2021财年的现金状况。数据来自Seeking Alpha</span></p></blockquote></p><p> Starting in 2012, Apple began issuing debt for the first time in its history. By 2017, the company boasted the largest gross and net-of-debt cash balances that it had ever seen in its books. But since then, both numbers have been dwindling. This year’s $72 billion in net cash is less than half the amount of about four years ago.</p><p><blockquote>从2012年开始，苹果历史上首次开始发债。到2017年，该公司拥有其账簿中有史以来最大的总现金余额和债务净额现金余额。但从那以后，这两个数字都在减少。今年720亿美元的净现金还不到大约四年前的一半。</blockquote></p><p> <b>What happens when cash runs out?</b></p><p><blockquote><b>现金用完会怎么样？</b></blockquote></p><p> The chart below shows that, prior to Tim Cook as CEO, Apple was very timid at deploying its cash reserves. While capex and dividend payments increased quickly (large M&amp;A has never been a thing for Apple), buybacks skyrocketed. Apple has spent more than three times as much in share repurchases since 2018 than it did in capex and dividends combined.</p><p><blockquote>下图显示，在蒂姆·库克担任首席执行官之前，苹果在部署现金储备方面非常谨慎。虽然资本支出和股息支付迅速增加（大型并购对苹果来说从来都不是一件事），但回购却飙升。自2018年以来，苹果在股票回购上的支出是资本支出和股息总和的三倍多。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e0ecee1dedf8551b616732dc7180c574\" tg-width=\"1200\" tg-height=\"694\" width=\"100%\" height=\"auto\"><span>Figure 3:Apple's cash deployment by major category.data from Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3：苹果按主要类别划分的现金部署。数据来自Seeking Alpha</span></p></blockquote></p><p> As Apple’s cash balance continues to dip, it is reasonable to expect the pace of share retirement to decline as well. This is true not only because of a leaner balance sheet, but because AAPL stock trades at a much richer price today — thus, it costs Apple more to buy back each share of its own equity.</p><p><blockquote>随着苹果的现金余额持续下降，有理由预计股票退出的速度也会下降。这不仅是因为资产负债表更加精简，还因为苹果公司股票如今的交易价格要高得多——因此，苹果回购每股自己股权的成本更高。</blockquote></p><p> Why is this relevant for investors? Over the past decade, Apple’s shares outstanding have declined by 10 billion units to 16.7 billion. Share count is the denominator in EPS (earnings per share) and EPS is the denominator in price-to-earnings. Therefore, buybacks alone have probably been responsible for a good chunk of Apple stock’s climb in the past several years.</p><p><blockquote>为什么这与投资者相关？过去十年，苹果的流通股减少了100亿股，至167亿股。股票数量是EPS（每股收益）的分母，EPS是市盈率的分母。因此，仅回购就可能是苹果股价过去几年上涨的很大一部分原因。</blockquote></p><p> At the current stock price of $165 apiece, Apple can afford to retire around 435 million more shares with its current net cash balance, or barely 3% of the float. After that point, the Cupertino company might need to scale back on repurchases or borrow in order to keep buying its stock.</p><p><blockquote>按照目前每股165美元的股价，苹果可以以其目前的净现金余额再出售约4.35亿股股票，仅占流通股的3%。此后，库比蒂诺公司可能需要缩减回购或借贷规模，以继续购买其股票。</blockquote></p><p> <b>Should investors worry?</b></p><p><blockquote><b>投资者应该担心吗？</b></blockquote></p><p> I think that Apple stock could suffer, at least from deteriorated investor sentiment, if or once it begins to slow down the pace of its share buyback efforts. However, I also believe that this is only one aspect of the investment thesis that people should consider.</p><p><blockquote>我认为，如果或一旦苹果开始放慢股票回购步伐，其股票可能会受到影响，至少是投资者情绪恶化。然而，我也认为，这只是人们应该考虑的投资论文的一个方面。</blockquote></p><p> I remain optimistic about Apple stock from a business fundamentals perspective. The Cupertino company seems to have found the sweet spot in demand for its products and services, which I believe bodes very well for AAPL in the foreseeable future.</p><p><blockquote>从商业基本面的角度来看，我对苹果股票保持乐观。这家库比蒂诺公司似乎已经找到了对其产品和服务需求的最佳点，我相信这在可预见的未来对苹果公司来说是个好兆头。</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: What Happens When The Cash Runs Out?<blockquote>苹果股票：现金用完会发生什么？</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: What Happens When The Cash Runs Out?<blockquote>苹果股票：现金用完会发生什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-12-08 11:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple is about to run out of cash. This statement may sound lucrac&nbsp;is to most Apple stock&nbsp;(<b>AAPL</b>)&nbsp;investors, since the Cupertino company has been a cash-generating machine in the past many years. But even the management team&nbsp;knows&nbsp;this to be true.</p><p><blockquote>苹果即将耗尽现金。对于大多数苹果股票来说，这种说法听起来可能是lucrac（<b>AAPL</b>）投资者，因为库比蒂诺公司在过去多年里一直是一台现金产生机。但即使是管理团队也知道这是真的。</blockquote></p><p> Today, the Apple Maven talks about what has been happening to the iPhone maker’s once giant pile of cash, and what the declining balances may mean for shareholders.</p><p><blockquote>今天，这位苹果专家谈论了这家iPhone制造商曾经庞大的现金储备发生了什么，以及余额下降对股东可能意味着什么。</blockquote></p><p> <b>Apple heading to net cash neutral</b></p><p><blockquote><b>苹果走向净现金中性</b></blockquote></p><p> To be fair, “running out of cash” in this context does not mean that Apple’s checking accounts at the bank will dry out. It simply means that the company’s debt balances will roughly offset its cash position — i.e. Apple will become net cash neutral.</p><p><blockquote>公平地说，在这种情况下“现金耗尽”并不意味着苹果在银行的支票账户将会枯竭。这仅仅意味着该公司的债务余额将大致抵消其现金状况，即苹果将成为净现金中性。</blockquote></p><p> The chart below shows the evolution of Apple’s gross cash (blue bars) and net cash (orange bars) balances since 2011. Ten years ago was when then-CEO Steve Jobs stepped down and turned the control of the company over to then-COO Tim Cook.</p><p><blockquote>下图显示了自2011年以来苹果总现金（蓝色条）和净现金（橙色条）余额的演变。十年前，时任首席执行官史蒂夫·乔布斯卸任，将公司控制权移交给时任首席运营官蒂姆·库克。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/435c5199979bc64d49899feed29d15fb\" tg-width=\"1200\" tg-height=\"723\" width=\"100%\" height=\"auto\"><span>Figure 2:Apple's cash position, fiscal 2012-2021.data from Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：苹果2012-2021财年的现金状况。数据来自Seeking Alpha</span></p></blockquote></p><p> Starting in 2012, Apple began issuing debt for the first time in its history. By 2017, the company boasted the largest gross and net-of-debt cash balances that it had ever seen in its books. But since then, both numbers have been dwindling. This year’s $72 billion in net cash is less than half the amount of about four years ago.</p><p><blockquote>从2012年开始，苹果历史上首次开始发债。到2017年，该公司拥有其账簿中有史以来最大的总现金余额和债务净额现金余额。但从那以后，这两个数字都在减少。今年720亿美元的净现金还不到大约四年前的一半。</blockquote></p><p> <b>What happens when cash runs out?</b></p><p><blockquote><b>现金用完会怎么样？</b></blockquote></p><p> The chart below shows that, prior to Tim Cook as CEO, Apple was very timid at deploying its cash reserves. While capex and dividend payments increased quickly (large M&amp;A has never been a thing for Apple), buybacks skyrocketed. Apple has spent more than three times as much in share repurchases since 2018 than it did in capex and dividends combined.</p><p><blockquote>下图显示，在蒂姆·库克担任首席执行官之前，苹果在部署现金储备方面非常谨慎。虽然资本支出和股息支付迅速增加（大型并购对苹果来说从来都不是一件事），但回购却飙升。自2018年以来，苹果在股票回购上的支出是资本支出和股息总和的三倍多。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e0ecee1dedf8551b616732dc7180c574\" tg-width=\"1200\" tg-height=\"694\" width=\"100%\" height=\"auto\"><span>Figure 3:Apple's cash deployment by major category.data from Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3：苹果按主要类别划分的现金部署。数据来自Seeking Alpha</span></p></blockquote></p><p> As Apple’s cash balance continues to dip, it is reasonable to expect the pace of share retirement to decline as well. This is true not only because of a leaner balance sheet, but because AAPL stock trades at a much richer price today — thus, it costs Apple more to buy back each share of its own equity.</p><p><blockquote>随着苹果的现金余额持续下降，有理由预计股票退出的速度也会下降。这不仅是因为资产负债表更加精简，还因为苹果公司股票如今的交易价格要高得多——因此，苹果回购每股自己股权的成本更高。</blockquote></p><p> Why is this relevant for investors? Over the past decade, Apple’s shares outstanding have declined by 10 billion units to 16.7 billion. Share count is the denominator in EPS (earnings per share) and EPS is the denominator in price-to-earnings. Therefore, buybacks alone have probably been responsible for a good chunk of Apple stock’s climb in the past several years.</p><p><blockquote>为什么这与投资者相关？过去十年，苹果的流通股减少了100亿股，至167亿股。股票数量是EPS（每股收益）的分母，EPS是市盈率的分母。因此，仅回购就可能是苹果股价过去几年上涨的很大一部分原因。</blockquote></p><p> At the current stock price of $165 apiece, Apple can afford to retire around 435 million more shares with its current net cash balance, or barely 3% of the float. After that point, the Cupertino company might need to scale back on repurchases or borrow in order to keep buying its stock.</p><p><blockquote>按照目前每股165美元的股价，苹果可以以其目前的净现金余额再出售约4.35亿股股票，仅占流通股的3%。此后，库比蒂诺公司可能需要缩减回购或借贷规模，以继续购买其股票。</blockquote></p><p> <b>Should investors worry?</b></p><p><blockquote><b>投资者应该担心吗？</b></blockquote></p><p> I think that Apple stock could suffer, at least from deteriorated investor sentiment, if or once it begins to slow down the pace of its share buyback efforts. However, I also believe that this is only one aspect of the investment thesis that people should consider.</p><p><blockquote>我认为，如果或一旦苹果开始放慢股票回购步伐，其股票可能会受到影响，至少是投资者情绪恶化。然而，我也认为，这只是人们应该考虑的投资论文的一个方面。</blockquote></p><p> I remain optimistic about Apple stock from a business fundamentals perspective. The Cupertino company seems to have found the sweet spot in demand for its products and services, which I believe bodes very well for AAPL in the foreseeable future.</p><p><blockquote>从商业基本面的角度来看，我对苹果股票保持乐观。这家库比蒂诺公司似乎已经找到了对其产品和服务需求的最佳点，我相信这在可预见的未来对苹果公司来说是个好兆头。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/stock/apple-stock-what-happens-when-the-cash-runs-out\">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/apple-stock-what-happens-when-the-cash-runs-out","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105817084","content_text":"Apple is about to run out of cash. This statement may sound lucrac is to most Apple stock (AAPL) investors, since the Cupertino company has been a cash-generating machine in the past many years. But even the management team knows this to be true.\nToday, the Apple Maven talks about what has been happening to the iPhone maker’s once giant pile of cash, and what the declining balances may mean for shareholders.\nApple heading to net cash neutral\nTo be fair, “running out of cash” in this context does not mean that Apple’s checking accounts at the bank will dry out. It simply means that the company’s debt balances will roughly offset its cash position — i.e. Apple will become net cash neutral.\nThe chart below shows the evolution of Apple’s gross cash (blue bars) and net cash (orange bars) balances since 2011. Ten years ago was when then-CEO Steve Jobs stepped down and turned the control of the company over to then-COO Tim Cook.\nFigure 2:Apple's cash position, fiscal 2012-2021.data from Seeking Alpha\nStarting in 2012, Apple began issuing debt for the first time in its history. By 2017, the company boasted the largest gross and net-of-debt cash balances that it had ever seen in its books. But since then, both numbers have been dwindling. This year’s $72 billion in net cash is less than half the amount of about four years ago.\nWhat happens when cash runs out?\nThe chart below shows that, prior to Tim Cook as CEO, Apple was very timid at deploying its cash reserves. While capex and dividend payments increased quickly (large M&A has never been a thing for Apple), buybacks skyrocketed. Apple has spent more than three times as much in share repurchases since 2018 than it did in capex and dividends combined.\nFigure 3:Apple's cash deployment by major category.data from Seeking Alpha\nAs Apple’s cash balance continues to dip, it is reasonable to expect the pace of share retirement to decline as well. This is true not only because of a leaner balance sheet, but because AAPL stock trades at a much richer price today — thus, it costs Apple more to buy back each share of its own equity.\nWhy is this relevant for investors? Over the past decade, Apple’s shares outstanding have declined by 10 billion units to 16.7 billion. Share count is the denominator in EPS (earnings per share) and EPS is the denominator in price-to-earnings. Therefore, buybacks alone have probably been responsible for a good chunk of Apple stock’s climb in the past several years.\nAt the current stock price of $165 apiece, Apple can afford to retire around 435 million more shares with its current net cash balance, or barely 3% of the float. After that point, the Cupertino company might need to scale back on repurchases or borrow in order to keep buying its stock.\nShould investors worry?\nI think that Apple stock could suffer, at least from deteriorated investor sentiment, if or once it begins to slow down the pace of its share buyback efforts. However, I also believe that this is only one aspect of the investment thesis that people should consider.\nI remain optimistic about Apple stock from a business fundamentals perspective. The Cupertino company seems to have found the sweet spot in demand for its products and services, which I believe bodes very well for AAPL in the foreseeable future.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":739,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606255991,"gmtCreate":1638888152102,"gmtModify":1638888163522,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/606255991","repostId":"1104830433","repostType":2,"isVote":1,"tweetType":1,"viewCount":1168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608554749,"gmtCreate":1638764616478,"gmtModify":1638764628732,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Wa","listText":"Wa","text":"Wa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608554749","repostId":"1160733386","repostType":4,"isVote":1,"tweetType":1,"viewCount":1227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608024763,"gmtCreate":1638583993499,"gmtModify":1638583993677,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"So many.","listText":"So many.","text":"So many.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608024763","repostId":"1174181873","repostType":2,"repost":{"id":"1174181873","kind":"news","pubTimestamp":1638578178,"share":"https://www.laohu8.com/m/news/1174181873?lang=zh_CN&edition=full","pubTime":"2021-12-04 08:36","market":"us","language":"en","title":"US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国IPO周：数字银行和云基础设施引领IPO周4</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174181873","media":"renaissancecap...","summary":"The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billi","content":"<p>The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.</p><p><blockquote>IPO市场预计将在未来一周回暖，预计将有四起IPO筹集37亿美元。</blockquote></p><p> Buffett-backed&nbsp;<b>Nu Holdings</b>(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.</p><p><blockquote>巴菲特支持<b>Nu控股</b>(NU)计划以411亿美元的市值筹集25亿美元。这家巴西纯在线银行成立于2013年，名为Nubank，旨在推出具有移动优先客户体验的免费信用卡产品，但此后已扩展到提供各种其他金融产品。Nu自成立以来发展迅速，目前拥有近5000万客户群，尽管随着客户群的增长，每个客户的收入一直在下降。</blockquote></p><p> Cloud infrastructure platform&nbsp;<b>HashiCorp</b>(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&amp;M spend.</p><p><blockquote>云基础设施平台<b>哈希公司</b>(HCP)计划以140亿美元的市值筹集11亿美元。这家风险投资支持的公司提供了一套解决方案，可标准化和自动化大规模云基础设施的配置、保护、连接和运行。尽管HashiCorp表现出快速增长和粘性客户群，但由于S&amp;M支出，HashiCorp非常无利可图。</blockquote></p><p> Cannabis finance REIT&nbsp;<b>Chicago Atlantic Real Estate Finance</b>(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.</p><p><blockquote>大麻金融房地产投资信托基金<b>芝加哥大西洋房地产金融</b>(REFI)计划以2.96亿美元的市值筹集1.06亿美元。这个新成立的房地产投资信托基金专注于发起、构建和投资由商业房地产担保的第一抵押贷款和另类结构性融资。其目前的投资组合包括向大麻行业国家许可运营商提供的高级贷款。</blockquote></p><p> Canadian gold exploration company&nbsp;<b>Austin Gold</b>(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.</p><p><blockquote>加拿大黄金勘探公司<b>奥斯汀·戈尔德</b>(AUST)计划以6400万美元的市值筹集1500万美元。这家加拿大黄金勘探公司目前拥有位于内华达州的四处地产的权益，目前只有一处地产被认为是重要的。迄今为止，奥斯汀黄金尚未产生任何营业收入。</blockquote></p><p></p>","source":"lsy1619493174116","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>US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国IPO周：数字银行和云基础设施引领IPO周4</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\">\nUS IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国IPO周：数字银行和云基础设施引领IPO周4</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-12-04 08:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.</p><p><blockquote>IPO市场预计将在未来一周回暖，预计将有四起IPO筹集37亿美元。</blockquote></p><p> Buffett-backed&nbsp;<b>Nu Holdings</b>(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.</p><p><blockquote>巴菲特支持<b>Nu控股</b>(NU)计划以411亿美元的市值筹集25亿美元。这家巴西纯在线银行成立于2013年，名为Nubank，旨在推出具有移动优先客户体验的免费信用卡产品，但此后已扩展到提供各种其他金融产品。Nu自成立以来发展迅速，目前拥有近5000万客户群，尽管随着客户群的增长，每个客户的收入一直在下降。</blockquote></p><p> Cloud infrastructure platform&nbsp;<b>HashiCorp</b>(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&amp;M spend.</p><p><blockquote>云基础设施平台<b>哈希公司</b>(HCP)计划以140亿美元的市值筹集11亿美元。这家风险投资支持的公司提供了一套解决方案，可标准化和自动化大规模云基础设施的配置、保护、连接和运行。尽管HashiCorp表现出快速增长和粘性客户群，但由于S&amp;M支出，HashiCorp非常无利可图。</blockquote></p><p> Cannabis finance REIT&nbsp;<b>Chicago Atlantic Real Estate Finance</b>(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.</p><p><blockquote>大麻金融房地产投资信托基金<b>芝加哥大西洋房地产金融</b>(REFI)计划以2.96亿美元的市值筹集1.06亿美元。这个新成立的房地产投资信托基金专注于发起、构建和投资由商业房地产担保的第一抵押贷款和另类结构性融资。其目前的投资组合包括向大麻行业国家许可运营商提供的高级贷款。</blockquote></p><p> Canadian gold exploration company&nbsp;<b>Austin Gold</b>(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.</p><p><blockquote>加拿大黄金勘探公司<b>奥斯汀·戈尔德</b>(AUST)计划以6400万美元的市值筹集1500万美元。这家加拿大黄金勘探公司目前拥有位于内华达州的四处地产的权益，目前只有一处地产被认为是重要的。迄今为止，奥斯汀黄金尚未产生任何营业收入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89235/US-IPO-Week-Ahead-Digital-banking-and-cloud-infrastructure-lead-a-4-IPO-wee\">renaissancecap...</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":{"NU":"Nu Holdings Ltd.","HCP":"HashiCorp, Inc.","REFI":"Chicago Atlantic Real Estate Finance, Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/89235/US-IPO-Week-Ahead-Digital-banking-and-cloud-infrastructure-lead-a-4-IPO-wee","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174181873","content_text":"The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.\nBuffett-backed Nu Holdings(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.\nCloud infrastructure platform HashiCorp(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&M spend.\nCannabis finance REIT Chicago Atlantic Real Estate Finance(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.\nCanadian gold exploration company Austin Gold(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.","news_type":1,"symbols_score_info":{"NU":0.9,"REFI":0.9,"HCP":0.9}},"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603593211,"gmtCreate":1638422264222,"gmtModify":1638422264658,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Safe. Phew","listText":"Safe. Phew","text":"Safe. Phew","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603593211","repostId":"1172896447","repostType":2,"isVote":1,"tweetType":1,"viewCount":1021,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603191316,"gmtCreate":1638371362471,"gmtModify":1638371362930,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Sweet","listText":"Sweet","text":"Sweet","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603191316","repostId":"1143092770","repostType":2,"repost":{"id":"1143092770","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":1638370804,"share":"https://www.laohu8.com/m/news/1143092770?lang=zh_CN&edition=full","pubTime":"2021-12-01 23:00","market":"us","language":"en","title":"Apple shares rose nearly 2% to a new high<blockquote>苹果股价上涨近2%，创新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143092770","media":"Tiger Newspress","summary":"Apple shares rose nearly 2% to a new high in morning trading.\nNeedham analyst Laura Martin said inve","content":"<p>Apple shares rose nearly 2% to a new high&nbsp;in morning trading.</p><p><blockquote>苹果股价在早盘交易中上涨近2%，创下新高。</blockquote></p><p> <b>Needham</b>&nbsp;analyst Laura Martin said investors turned to Apple due to its prodigious cash flow capable of weathering the storm, not going bankrupt, not having financial distress.</p><p><blockquote><b>李约瑟</b>分析师Laura Martin表示，投资者转向苹果是因为其庞大的现金流能够渡过难关，不会破产，也不会陷入财务困境。</blockquote></p><p> Martin said there are indications that Apple’s current products, especially its iPhone Pro models, are selling well, potentially leading to a big December quarter for the company.</p><p><blockquote>Martin表示，有迹象表明，苹果目前的产品，尤其是iPhone Pro机型，销售良好，可能会导致该公司12月份季度业绩大增。</blockquote></p><p> Tablets, especially the high-end iPhones, all of which say they’re going to have high margins and high revenue for the fourth quarter of this year, Martin added.</p><p><blockquote>马丁补充说，平板电脑，尤其是高端iPhone，都表示今年第四季度将拥有高利润率和高收入。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/edc1b3fcbf75cefc8acb5fa15512530b\" tg-width=\"840\" tg-height=\"470\" 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>Apple shares rose nearly 2% to a new high<blockquote>苹果股价上涨近2%，创新高</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\">\nApple shares rose nearly 2% to a new high<blockquote>苹果股价上涨近2%，创新高</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\">2021-12-01 23:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple shares rose nearly 2% to a new high&nbsp;in morning trading.</p><p><blockquote>苹果股价在早盘交易中上涨近2%，创下新高。</blockquote></p><p> <b>Needham</b>&nbsp;analyst Laura Martin said investors turned to Apple due to its prodigious cash flow capable of weathering the storm, not going bankrupt, not having financial distress.</p><p><blockquote><b>李约瑟</b>分析师Laura Martin表示，投资者转向苹果是因为其庞大的现金流能够渡过难关，不会破产，也不会陷入财务困境。</blockquote></p><p> Martin said there are indications that Apple’s current products, especially its iPhone Pro models, are selling well, potentially leading to a big December quarter for the company.</p><p><blockquote>Martin表示，有迹象表明，苹果目前的产品，尤其是iPhone Pro机型，销售良好，可能会导致该公司12月份季度业绩大增。</blockquote></p><p> Tablets, especially the high-end iPhones, all of which say they’re going to have high margins and high revenue for the fourth quarter of this year, Martin added.</p><p><blockquote>马丁补充说，平板电脑，尤其是高端iPhone，都表示今年第四季度将拥有高利润率和高收入。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/edc1b3fcbf75cefc8acb5fa15512530b\" tg-width=\"840\" tg-height=\"470\" 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":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143092770","content_text":"Apple shares rose nearly 2% to a new high in morning trading.\nNeedham analyst Laura Martin said investors turned to Apple due to its prodigious cash flow capable of weathering the storm, not going bankrupt, not having financial distress.\nMartin said there are indications that Apple’s current products, especially its iPhone Pro models, are selling well, potentially leading to a big December quarter for the company.\nTablets, especially the high-end iPhones, all of which say they’re going to have high margins and high revenue for the fourth quarter of this year, Martin added.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":825,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603346006,"gmtCreate":1638369825213,"gmtModify":1638369825774,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/603346006","repostId":"1120605182","repostType":2,"repost":{"id":"1120605182","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1638365714,"share":"https://www.laohu8.com/m/news/1120605182?lang=zh_CN&edition=full","pubTime":"2021-12-01 21:35","market":"us","language":"en","title":"10 Biggest Price Target Changes For Wednesday<blockquote>周三10个最大价格目标变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120605182","media":"Benzinga","summary":"Morgan Stanley boosted Zscaler, Inc. price target from $275 to $330. Zscaler shares rose 7.1% to $37","content":"<p><ul>  <li>Morgan Stanley boosted&nbsp;<b>Zscaler, Inc.</b>&nbsp;price target from $275 to $330. Zscaler shares rose 7.1% to $371.50 in pre-market trading.</li>  <li>Citigroup boosted&nbsp;<b>Applied Materials, Inc.</b>&nbsp;price target from $160 to $175. Applied Materials shares rose 1.9% to $150.00 in pre-market trading.</li>  <li>Goldman Sachs cut the price target on&nbsp;<b>TG Therapeutics, Inc.</b>&nbsp;from $26 to $13. TG Therapeutics shares fell 5.3% to $14.40 in pre-market trading.</li>  <li>Wells Fargo boosted the price target for&nbsp;<b>Ambarella, Inc.</b>&nbsp;from $115 to $185. Ambarella shares jumped 16.4% to $208.90 in pre-market trading.</li>  <li>Barclays cut&nbsp;<b>Sigilon Therapeutics, Inc.</b>&nbsp;price target from $16 to $7. Sigilon Therapeutics shares fell 0.3% to close at $3.76 on Tuesday.</li>  <li>Credit Suisse lifted the price target on&nbsp;<b>GLOBALFOUNDRIES Inc.</b>&nbsp;from $75 to $80. GLOBALFOUNDRIES shares rose 3.3% to $71.50 in pre-market trading.</li>  <li>DA Davidson raised&nbsp;<b>Helen of Troy Limited</b>&nbsp;price target from $254 to $266. Helen of Troy shares fell 2.3% to close at $240.50 on Tuesday.</li>  <li>Jefferies lifted&nbsp;<b>ImmunoGen, Inc.</b>&nbsp;price target from $7 to $12. ImmunoGen shares fell 3.6% to $5.95 pre-market trading.</li>  <li>Susquehanna raised the price target on&nbsp;<b>NetApp, Inc.</b>&nbsp;from $100 to $105. NetApp shares rose 1.4% to $90.11 in pre-market trading.</li>  <li>Truist Securities boosted the price target for&nbsp;<b>Salesforce.com, inc.</b>&nbsp;from $315 to $330. salesforce.com shares fell 6.5% to $266.40 in pre-market trading.</li> </ul></p><p><blockquote><ul><li>摩根士丹利提振<b>Zscaler公司。</b>目标价为275美元至330美元。Zscaler股价在盘前交易中上涨7.1%至371.50美元。</li><li>花旗集团提振<b>应用材料公司。</b>目标价为160美元至175美元。应用材料公司股价在盘前交易中上涨1.9%，至150.00美元。</li><li>高盛下调目标价<b>TG治疗公司。</b>从26美元到13美元。TG Therapeutics股价在盘前交易中下跌5.3%至14.40美元。</li><li>富国银行提高了目标价<b>安巴雷拉公司。</b>从115美元到185美元。Ambarella股价在盘前交易中上涨16.4%，至208.90美元。</li><li>巴克莱削减<b>西吉隆治疗公司。</b>目标价从16美元到7美元。Sigilon Therapeutics股价周二下跌0.3%，收于3.76美元。</li><li>瑞士信贷上调目标价<b>格罗方德公司。</b>从75美元到80美元。GLOBALFOUNDRIES股价在盘前交易中上涨3.3%至71.50美元。</li><li>戴维森<b>特洛伊海伦有限公司</b>目标价从254美元到266美元。周二，Helen of Troy股价下跌2.3%，收于240.50美元。</li><li>杰富瑞解除<b>免疫原公司。</b>目标价为7美元至12美元。ImmunoGen股价在盘前交易中下跌3.6%至5.95美元。</li><li>萨斯奎哈纳上调目标价<b>NetApp公司。</b>从100美元到105美元。NetApp股价在盘前交易中上涨1.4%，至90.11美元。</li><li>Truist Securities上调目标价<b>Salesforce.com公司。</b>从315美元到330美元。salesforce.com股价在盘前交易中下跌6.5%至266.40美元。</li></ul></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>10 Biggest Price Target Changes For Wednesday<blockquote>周三10个最大价格目标变化</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\">\n10 Biggest Price Target Changes For Wednesday<blockquote>周三10个最大价格目标变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-12-01 21:35</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Morgan Stanley boosted&nbsp;<b>Zscaler, Inc.</b>&nbsp;price target from $275 to $330. Zscaler shares rose 7.1% to $371.50 in pre-market trading.</li>  <li>Citigroup boosted&nbsp;<b>Applied Materials, Inc.</b>&nbsp;price target from $160 to $175. Applied Materials shares rose 1.9% to $150.00 in pre-market trading.</li>  <li>Goldman Sachs cut the price target on&nbsp;<b>TG Therapeutics, Inc.</b>&nbsp;from $26 to $13. TG Therapeutics shares fell 5.3% to $14.40 in pre-market trading.</li>  <li>Wells Fargo boosted the price target for&nbsp;<b>Ambarella, Inc.</b>&nbsp;from $115 to $185. Ambarella shares jumped 16.4% to $208.90 in pre-market trading.</li>  <li>Barclays cut&nbsp;<b>Sigilon Therapeutics, Inc.</b>&nbsp;price target from $16 to $7. Sigilon Therapeutics shares fell 0.3% to close at $3.76 on Tuesday.</li>  <li>Credit Suisse lifted the price target on&nbsp;<b>GLOBALFOUNDRIES Inc.</b>&nbsp;from $75 to $80. GLOBALFOUNDRIES shares rose 3.3% to $71.50 in pre-market trading.</li>  <li>DA Davidson raised&nbsp;<b>Helen of Troy Limited</b>&nbsp;price target from $254 to $266. Helen of Troy shares fell 2.3% to close at $240.50 on Tuesday.</li>  <li>Jefferies lifted&nbsp;<b>ImmunoGen, Inc.</b>&nbsp;price target from $7 to $12. ImmunoGen shares fell 3.6% to $5.95 pre-market trading.</li>  <li>Susquehanna raised the price target on&nbsp;<b>NetApp, Inc.</b>&nbsp;from $100 to $105. NetApp shares rose 1.4% to $90.11 in pre-market trading.</li>  <li>Truist Securities boosted the price target for&nbsp;<b>Salesforce.com, inc.</b>&nbsp;from $315 to $330. salesforce.com shares fell 6.5% to $266.40 in pre-market trading.</li> </ul></p><p><blockquote><ul><li>摩根士丹利提振<b>Zscaler公司。</b>目标价为275美元至330美元。Zscaler股价在盘前交易中上涨7.1%至371.50美元。</li><li>花旗集团提振<b>应用材料公司。</b>目标价为160美元至175美元。应用材料公司股价在盘前交易中上涨1.9%，至150.00美元。</li><li>高盛下调目标价<b>TG治疗公司。</b>从26美元到13美元。TG Therapeutics股价在盘前交易中下跌5.3%至14.40美元。</li><li>富国银行提高了目标价<b>安巴雷拉公司。</b>从115美元到185美元。Ambarella股价在盘前交易中上涨16.4%，至208.90美元。</li><li>巴克莱削减<b>西吉隆治疗公司。</b>目标价从16美元到7美元。Sigilon Therapeutics股价周二下跌0.3%，收于3.76美元。</li><li>瑞士信贷上调目标价<b>格罗方德公司。</b>从75美元到80美元。GLOBALFOUNDRIES股价在盘前交易中上涨3.3%至71.50美元。</li><li>戴维森<b>特洛伊海伦有限公司</b>目标价从254美元到266美元。周二，Helen of Troy股价下跌2.3%，收于240.50美元。</li><li>杰富瑞解除<b>免疫原公司。</b>目标价为7美元至12美元。ImmunoGen股价在盘前交易中下跌3.6%至5.95美元。</li><li>萨斯奎哈纳上调目标价<b>NetApp公司。</b>从100美元到105美元。NetApp股价在盘前交易中上涨1.4%，至90.11美元。</li><li>Truist Securities上调目标价<b>Salesforce.com公司。</b>从315美元到330美元。salesforce.com股价在盘前交易中下跌6.5%至266.40美元。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SGTX":"Sigilon Therapeutics, Inc.","ZS":"Zscaler Inc.","HELE":"海伦特洛伊家电","CRM":"赛富时","GFS":"GLOBALFOUNDRIES Inc.","NTAP":"美国网存","TGTX":"TG Therapeutics Inc.","AMBA":"安霸","IMGN":"ImmunoGen","AMAT":"应用材料"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120605182","content_text":"Morgan Stanley boosted Zscaler, Inc. price target from $275 to $330. Zscaler shares rose 7.1% to $371.50 in pre-market trading.\nCitigroup boosted Applied Materials, Inc. price target from $160 to $175. Applied Materials shares rose 1.9% to $150.00 in pre-market trading.\nGoldman Sachs cut the price target on TG Therapeutics, Inc. from $26 to $13. TG Therapeutics shares fell 5.3% to $14.40 in pre-market trading.\nWells Fargo boosted the price target for Ambarella, Inc. from $115 to $185. Ambarella shares jumped 16.4% to $208.90 in pre-market trading.\nBarclays cut Sigilon Therapeutics, Inc. price target from $16 to $7. Sigilon Therapeutics shares fell 0.3% to close at $3.76 on Tuesday.\nCredit Suisse lifted the price target on GLOBALFOUNDRIES Inc. from $75 to $80. GLOBALFOUNDRIES shares rose 3.3% to $71.50 in pre-market trading.\nDA Davidson raised Helen of Troy Limited price target from $254 to $266. Helen of Troy shares fell 2.3% to close at $240.50 on Tuesday.\nJefferies lifted ImmunoGen, Inc. price target from $7 to $12. ImmunoGen shares fell 3.6% to $5.95 pre-market trading.\nSusquehanna raised the price target on NetApp, Inc. from $100 to $105. NetApp shares rose 1.4% to $90.11 in pre-market trading.\nTruist Securities boosted the price target for Salesforce.com, inc. from $315 to $330. salesforce.com shares fell 6.5% to $266.40 in pre-market trading.","news_type":1,"symbols_score_info":{"IMGN":0.9,"CRM":0.9,"GFS":0.9,"TGTX":0.9,"HELE":0.9,"AMAT":0.9,"SGTX":0.9,"AMBA":0.9,"ZS":0.9,"NTAP":0.9}},"isVote":1,"tweetType":1,"viewCount":1558,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603348255,"gmtCreate":1638369791950,"gmtModify":1638369792444,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Haha zoom?","listText":"Haha zoom?","text":"Haha zoom?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/603348255","repostId":"2188568514","repostType":2,"isVote":1,"tweetType":1,"viewCount":888,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609316269,"gmtCreate":1638238444604,"gmtModify":1638238444737,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Like pls.","listText":"Like pls.","text":"Like pls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/609316269","repostId":"2187309181","repostType":2,"isVote":1,"tweetType":1,"viewCount":1369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":175002969,"gmtCreate":1626997430551,"gmtModify":1633769027601,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Like and comment.","listText":"Like and comment.","text":"Like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/175002969","repostId":"2153036156","repostType":4,"isVote":1,"tweetType":1,"viewCount":479,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":867558465,"gmtCreate":1633303647176,"gmtModify":1633303647447,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Upup","listText":"Upup","text":"Upup","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/867558465","repostId":"2172203962","repostType":4,"repost":{"id":"2172203962","kind":"news","pubTimestamp":1633284334,"share":"https://www.laohu8.com/m/news/2172203962?lang=zh_CN&edition=full","pubTime":"2021-10-04 02:05","market":"us","language":"en","title":"What to know this week：September jobs report, PepsiCo and Levi earnings<blockquote>本周需要了解的内容：9月份就业报告、百事可乐和李维斯收益</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2172203962","media":"Yahoo Finance","summary":"The spotlight this week for Wall Street will be on labor market data, as investors await the release","content":"<p><div> The spotlight this week for Wall Street will be on labor market data, as investors await the release of the Labor Department's September jobs report on Friday. Several earnings results from major ...</p><p><blockquote><div>本周华尔街的焦点将是劳动力市场数据，投资者等待劳工部周五发布的9月份就业报告。主要公司的几项盈利结果...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/september-jobs-report-pepsi-co-and-levi-earnings-what-to-know-this-week-180534292.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/september-jobs-report-pepsi-co-and-levi-earnings-what-to-know-this-week-180534292.html\">网页连接</a></blockquote></p><p></p>","source":"yahoofinance_au","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>What to know this week：September jobs report, PepsiCo and Levi earnings<blockquote>本周需要了解的内容：9月份就业报告、百事可乐和李维斯收益</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\">\nWhat to know this week：September jobs report, PepsiCo and Levi earnings<blockquote>本周需要了解的内容：9月份就业报告、百事可乐和李维斯收益</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo Finance</strong><span class=\"h-time small\">2021-10-04 02:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The spotlight this week for Wall Street will be on labor market data, as investors await the release of the Labor Department's September jobs report on Friday. Several earnings results from major ...</p><p><blockquote><div>本周华尔街的焦点将是劳动力市场数据，投资者等待劳工部周五发布的9月份就业报告。主要公司的几项盈利结果...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/september-jobs-report-pepsi-co-and-levi-earnings-what-to-know-this-week-180534292.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/september-jobs-report-pepsi-co-and-levi-earnings-what-to-know-this-week-180534292.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/september-jobs-report-pepsi-co-and-levi-earnings-what-to-know-this-week-180534292.html\">Yahoo Finance</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":{"PEP":"百事可乐",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/september-jobs-report-pepsi-co-and-levi-earnings-what-to-know-this-week-180534292.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2172203962","content_text":"The spotlight this week for Wall Street will be on labor market data, as investors await the release of the Labor Department's September jobs report on Friday. Several earnings results from major consumer brands are also on tap, and OPEC+.\nAll eyes are focused on the meeting of OPEC+（ the group of oil producers）to be held on October 4.The group had been widely expected to keep current plans to raise overall production by 400,000 barrels a day each month in place.On last Thursday, Reuters reported that the Organization of the Petroleum Exporting Countries and its allies, including Russia, known as OPEC+, is weighing additional production increases, \"beyond its existing deal to boost production by 400,000 barrels per day,\" as prices for crude trade near year three-year highs.\nTraders are looking to see payroll gains accelerate in Septembe after a shockingly disappointing August jobs report, when just 235,000 jobs came back versus the more than 700,000 expected. Consensus economists anticipate that 475,000 payrolls returned in September, and that the unemployment rate fell to 5.1%, or the lowest since March 2020.\n\"There is more hope for the labor market. The next few months will be important and we could see greater labor market participation as fear of the virus abates,\" Bank of America U.S. economist Michelle Meyer wrote in a note on Friday.\nMeyer also flagged recent comments from Federal Reserve Governor Lael Brainard, who addressed some of the ongoing labor scarcities and issues in bringing individuals back into the workforce.\n\"The decline in labor force participation appears to reflect COVID-related constraints that have been prolonged by Delta rather than permanent structural changes in the economy,\" Brainard said in public remarks in Arlington, Va., last week.\nBut these virus-related risks still remain a point of concern for the labor market's recovery, and for the September jobs report in particular. And the U.S. economy has still lost a net total of over 5 million payrolls since March 2020, underscoring the deficit still left to recoup on employment.\n\"To the downside, we see risk of public payrolls contracting modestly in September as education payrolls could recede modestly due to school closures amid the Delta wave and negative payback from strong hiring over the summer,\" Meyer said. \"Consequently, we think private payrolls growth will be marginally stronger than non-farm payrolls growth. All told, the data flow suggests another soft month of employment activity but a slightly faster pace of job gains compared to August.\"\nImportantly, the September jobs report will be a key factor in informing the Federal Reserve's timing on formally announcing and beginning tapering of its pandemic-era asset purchase program. The central bank signaled last month that it believed the economy was on its way to being able to stand on its own without the extraordinary levels of monetary policy support seen over the course of the year and a half.\nAnd indeed, Fed officials have said the economy has already met the central bank's targeted threshold for inflation, and that only more progress on the labor market's recovery was needed to be enough to trigger the start of tapering.\n\"It wouldn't take a knockout, great, super strong employment report,\" Federal Reserve Chair Jerome Powell saidduring his latest post-FOMC meeting press conference in September. \"It would take a reasonably good employment report for me to feel like that test is met.\"\nConsumer names to report earnings\nA number of companies are set to report quarterly results throughout the week, offering a first look at how corporate profits have held up in the third-quarter before a bigger wave of firms report results in the coming weeks.\nThe names reporting this week will center on major consumer brands including PepsiCo (PEP), Constellation Brands (STZ) and Levi Strauss (LEVI). One of the key themes from these reports and earnings calls will be on commentary around inflation, labor and supply chain challenges, given rising prices and materials shortages already seen across various pockets of the economy.\nResults last week from companies including Bed Bath & Beyond (BBBY), for instance, already served as a harbinger of the myriad supply-side issues facing the retail industry. The company posted an unexpected drop in same-store sales for its quarter ending in late August, whereas Wall Street had projected same-store sales growth. The drop came both as a result of consumer skittishness over shopping in-person during the Delta variant's spread, and as supply pressures weighed on growth.\nWhen asked during the company earnings call whether these challenges might abate over the balance of the year, Bed Bath & Beyond CEO Mark Tritton said the company was \"not expecting supply chain pressures to ease.\"\n\"We operated under unprecedented supply chain conditions that have continued to increasingly tighten global trade since last year,\" Tritton said.\nCompanies in other industries have highlighted similar concerns. Micron (MU), the biggest domestic memory chipmaker, said in a letter to customers that it was still experiencing cost increases for materials and services and did \"not expect that pressure to ease in the foreseeable future,\" according to a report from Bloomberg last week. And earlier in September, FedEx (FDX) posted a sharp miss on quarterly profits as supply chain pressures and rising labor costs pressured margins for the shipping giant.\nEconomic calendar\n\nMonday:Factory orders, August (1.0% expected, 0.4% in July); Durable goods orders, August final (1.8% in prior print); Durable goods orders, excluding transportation, August final (0.2% in prior print); Non-defense capital goods orders, excluding aircraft, August final (0.5% in prior print); Non-defense capital goods orders, excluding aircraft, August final (0.7% in prior print)\nTuesday:Trade balance, August (-$70.5 billion expected, -$70.1 billion in July); Markit U.S. services PMI, September final (54.4 expected, 54.4 in prior print); Markit U.S. composite PMI, September final (54.5 in prior print); ISM Services index, September (60.0 expected, 61.7 in August)\nWednesday:MBA Mortgage Applications, week ended October 1 (-1.1% during prior week); ADP Employment Change, September (450,000 expected, 374,000 in August)\nThursday:Challenger Job Cuts, year-over-year, September (-86.4% in August); Initial jobless claims, week ended October 2 (349,000 expected, 362,000 during prior week); Continuing claims, week ended September 25 (2.802 million during prior week); Consumer credit, August ($18.000 billion expected, $17.004 billion in July)\nFriday:Change in non-farm payrolls, September (488,000 expected, 235,000 in August); Unemployment rate, September (5.1% expected, 5.2% in August); Average hourly earnings, month-over-month, September (0.4% expected, 0.6% in August); Average hourly earnings, year-over-year, September (4.6% expected, 4.3% in August); Labor force participation rate, September (61.7% in August); Wholesale inventories, month-over-month, August final (1.2% expected, 1.2% in prior estimate)\n\nEarnings calendar\n\nMonday:No notable reports scheduled for release\nTuesday:PepsiCo (PEP) before market open\nWednesday:Constellation Brands (STZ) before market open; Levi Strauss (LEVI) after market close\nThursday:Conagra Brands (CAG), Tilray (TLRY) before market open\nFriday:No notable reports scheduled for release","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,"PEP":0.9}},"isVote":1,"tweetType":1,"viewCount":385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":827220817,"gmtCreate":1634481729513,"gmtModify":1634481729818,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"This is nice.","listText":"This is nice.","text":"This is nice.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/827220817","repostId":"2175146556","repostType":4,"isVote":1,"tweetType":1,"viewCount":417,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877501898,"gmtCreate":1637939711542,"gmtModify":1637939711718,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/877501898","repostId":"2186334897","repostType":2,"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822235304,"gmtCreate":1634133794334,"gmtModify":1634133794433,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Like and comment.","listText":"Like and comment.","text":"Like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/822235304","repostId":"1182958686","repostType":4,"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":869283585,"gmtCreate":1632292854647,"gmtModify":1632801442535,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Like pls.","listText":"Like pls.","text":"Like pls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/869283585","repostId":"2169639321","repostType":4,"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882288336,"gmtCreate":1631695812225,"gmtModify":1631891561172,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Oh no. Like pls","listText":"Oh no. Like pls","text":"Oh no. Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/882288336","repostId":"1103263635","repostType":4,"repost":{"id":"1103263635","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":1631693868,"share":"https://www.laohu8.com/m/news/1103263635?lang=zh_CN&edition=full","pubTime":"2021-09-15 16:17","market":"us","language":"en","title":"Some hot chinese concept stocks slipped in premarket trading<blockquote>部分热点中概股盘前下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103263635","media":"Tiger Newspress","summary":"Some hot chinese concept stocks slipped in premarket trading.Alibaba,Pinduoduo,JD.COM,Baidu,Bilibili","content":"<p>Some hot chinese concept stocks slipped in premarket trading.Alibaba,Pinduoduo,JD.COM,Baidu,Bilibili,Didi Global&nbsp;and&nbsp;KE Holdings&nbsp;fell between 1% and 2%.</p><p><blockquote>部分热门中概股盘前下跌。阿里巴巴、拼多多、京东、百度、哔哩哔哩、滴滴出行和贝壳控股跌幅在1%至2%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bfea1b49ec8c6be31a92e7926eb863b6\" tg-width=\"424\" tg-height=\"426\" 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>Some hot chinese concept stocks slipped in premarket trading<blockquote>部分热点中概股盘前下跌</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nSome hot chinese concept stocks slipped in premarket trading<blockquote>部分热点中概股盘前下跌</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\">2021-09-15 16:17</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Some hot chinese concept stocks slipped in premarket trading.Alibaba,Pinduoduo,JD.COM,Baidu,Bilibili,Didi Global&nbsp;and&nbsp;KE Holdings&nbsp;fell between 1% and 2%.</p><p><blockquote>部分热门中概股盘前下跌。阿里巴巴、拼多多、京东、百度、哔哩哔哩、滴滴出行和贝壳控股跌幅在1%至2%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bfea1b49ec8c6be31a92e7926eb863b6\" tg-width=\"424\" tg-height=\"426\" 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":{"BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103263635","content_text":"Some hot chinese concept stocks slipped in premarket trading.Alibaba,Pinduoduo,JD.COM,Baidu,Bilibili,Didi Global and KE Holdings fell between 1% and 2%.","news_type":1,"symbols_score_info":{"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":829257790,"gmtCreate":1633519778271,"gmtModify":1633519778575,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"&nbsp;Like pls&nbsp;","listText":"&nbsp;Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/829257790","repostId":"1140605265","repostType":4,"repost":{"id":"1140605265","kind":"news","pubTimestamp":1633514236,"share":"https://www.laohu8.com/m/news/1140605265?lang=zh_CN&edition=full","pubTime":"2021-10-06 17:57","market":"us","language":"en","title":"The next financial crisis is fast approaching<blockquote>下一次金融危机即将来临</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140605265","media":"MarketWatch","summary":"Central banks need to prepare because global stock markets and real estate are overvalued, while lev","content":"<p>  <b>Central banks need to prepare because global stock markets and real estate are overvalued, while leverage is near record levels for households, corporations, banks and governments.</b>  NEW YORK (Project Syndicate)— Since early 2020, central banks across the advanced economies have had to choose between pursuing financial stability, low (typically 2%) inflation, or real economic activity. Without exception, they have opted in favor of financial stability, followed by real economic activity, with inflation last.</p><p><blockquote><b>各国央行需要做好准备，因为全球股市和房地产被高估，而家庭、企业、银行和政府的杠杆率接近创纪录水平。</b>纽约（Project Syndicate）——自2020年初以来，发达经济体的央行不得不在追求金融稳定、低通胀（通常为2%）或实体经济活动之间做出选择。无一例外，他们都选择了金融稳定，其次是实体经济活动，最后是通货膨胀。</blockquote></p><p> As a result, the only advanced-economy central bank to raise interest rates since the start of the COVID-19 pandemic has been Norway’s Norges Bank, which&nbsp;lifted&nbsp;its policy rate from zero to 0.25% on Sept. 24. While it has&nbsp;hinted&nbsp;that an additional rate increase is likely in December, and that its policy rate could reach 1.7% toward the end of 2024, that is merely more evidence of monetary policy makers’ extreme reluctance to implement the kind of rate increases that are required to achieve a 2% inflation target consistently.</p><p><blockquote>因此，自COVID-19大流行开始以来唯一加息的发达经济体央行是挪威央行，该央行于9月24日将政策利率从零上调至0.25%。尽管它暗示可能会在12月进一步加息，并且其政策利率可能在2024年底达到1.7%，但这只是更多证据表明货币政策制定者极其不愿意实施所需的加息持续实现2%的通胀目标。</blockquote></p><p>   <b>Today’s risk-asset valuations are utterly detached from reality.</b>  Central banks’ overwhelming reluctance to pursue interest-rate and balance-sheet policies compatible with their inflation targets should come as no surprise. In the years between the start of the Great Moderation in the mid-1980s and the 2007-08 financial crisis, advanced-economy central banks failed to give sufficient weight to financial stability. A prime example was the Bank of England’s loss of all supervisory and regulatory powers when it was granted operational independence in 1997.</p><p><blockquote><b>今天的风险资产估值完全脱离现实。</b>各国央行极不愿意推行与其通胀目标相适应的利率和资产负债表政策，这并不奇怪。在20世纪80年代中期大缓和开始到2007-08年金融危机之间的几年里，发达经济体的央行未能对金融稳定给予足够的重视。一个典型的例子是英格兰银行在1997年获得运营独立性时失去了所有监督和监管权力。</blockquote></p><p> <b>Prioritize financial stability over inflation</b></p><p><blockquote><b>将金融稳定置于通胀之上</b></blockquote></p><p> The result was a financial disaster and a severe cyclical downturn. Confirming the logic of “once bitten, twice shy,” central banks then responded to the COVID-19 pandemic by pursuing unprecedentedly aggressive policies to ensure financial stability. But they also went far beyond what was required, pulling out all the policy stops to support real economic activity.</p><p><blockquote>结果是一场金融灾难和严重的周期性衰退。各国央行随后通过采取前所未有的激进政策来确保金融稳定，从而证实了“一劳永逸”的逻辑。但他们也远远超出了要求，用尽了所有政策来支持实体经济活动。</blockquote></p><p> Central banks were right to prioritize financial stability over price stability, considering that financial stability itself is a prerequisite for sustainable price stability (and for some central banks’ other target, full employment). The economic and social cost of a financial crisis, especially with private and public leverage as high as it is today, would dwarf the cost of persistently overshooting the inflation target. Obviously, very high inflation rates must be avoided, because they, too, can become a source of financial instability; but if preventing a financial calamity requires a few years of high single-digit inflation, the price is well worth it.</p><p><blockquote>各国央行将金融稳定置于价格稳定之上是正确的，因为金融稳定本身是可持续价格稳定的先决条件（对于一些央行的另一个目标，即充分就业）。金融危机的经济和社会成本，尤其是在私人和公共杠杆率如此之高的情况下，将使持续超过通胀目标的成本相形见绌。显然，必须避免非常高的通货膨胀率，因为它们也可能成为金融不稳定的根源；但如果防止金融灾难需要几年的高个位数通胀，那么这个代价是非常值得的。</blockquote></p><p>   <b>There is not enough resilience in non-central bank balance sheets to address a fire sale of distressed assets or a run on commercial banks or other systemically important financial institutions that hold liquid liabilities and illiquid assets.</b>  I hope (and expect) that central banks—not least the Federal Reserve—are ready to respond appropriately if the U.S. federal government breaches its “debt ceiling” on or around Oct. 18. A recent&nbsp;study&nbsp;by Mark Zandi of Moody’s Analytics concludes that a U.S. sovereign debt default could destroy up to 6 million U.S. jobs and wipe out as much as $15 trillion in private wealth. This estimate strikes me as optimistic. If the sovereign default were to be protracted, the costs would probably be much higher.</p><p><blockquote><b>非央行资产负债表没有足够的弹性来应对不良资产的抛售或持有流动负债和非流动资产的商业银行或其他具有系统重要性的金融机构的挤兑。</b>我希望（并期待）如果美国联邦政府在10月18日或前后突破“债务上限”，各国央行——尤其是美联储——准备好做出适当反应。穆迪分析公司（Moody’s Analytics）的马克·赞迪（Mark Zandi）最近的一项研究得出结论，美国主权债务违约可能会摧毁多达600万个美国工作岗位，并抹去多达15万亿美元的私人财富。这个估计让我觉得很乐观。如果主权违约长期化，成本可能会高得多。</blockquote></p><p> In any case, a U.S. sovereign default would also have a dramatic and devastating global impact, afflicting both advanced economies and emerging and developing markets. U.S. sovereign debtTMUBMUSD10Y,1.551%is widely held globally, and the U.S. dollarBUXX,0.43%remains the world’s senior reserve currency.</p><p><blockquote>无论如何，美国主权违约也将产生巨大和毁灭性的全球影响，困扰发达经济体以及新兴和发展中市场。美国主权债务TTMUBMUSD10Y, 1.551%在全球范围内被广泛持有，美元BUXX, 0.43%仍然是世界的高级储备货币。</blockquote></p><p> <b>Vulnerable to financial shocks</b></p><p><blockquote><b>易受金融冲击</b></blockquote></p><p> Even without a self-inflicted wound like a congressional failure to raise or suspend the debt ceiling, financial fragility is rife nowadays. Household, corporate, financial, and government balance sheets have grown to record highs this century, rendering all four sectors more vulnerable to financial shocks.</p><p><blockquote>即使没有国会未能提高或暂停债务上限等自我造成的创伤，金融脆弱性如今也很普遍。家庭、企业、金融和政府的资产负债表已增长至本世纪的历史新高，使所有四个部门更容易受到金融冲击的影响。</blockquote></p><p>   <b>The economic and social cost of a</b>   <b>financial crisis, especially with private and public leverage as high as it is today, would dwarf the cost of persistently overshooting the inflation target.</b>  Central banks are the only economic actors capable of addressing the funding and market-liquidity crises that are now part of the new normal. There is not enough resilience in non-central bank balance sheets to address a fire sale of distressed assets or a run on commercial banks or other systemically important financial institutions that hold liquid liabilities and illiquid assets. This is as true in China as it is in the U.S., the eurozone, Japan, and the United Kingdom.</p><p><blockquote><b>经济和社会成本</b><b>金融危机，尤其是在私人和公共杠杆率如此之高的情况下，将使持续超过通胀目标的成本相形见绌。</b>央行是唯一有能力解决融资和市场流动性危机的经济参与者，这些危机现在已成为新常态的一部分。非央行资产负债表没有足够的弹性来应对不良资产的抛售或持有流动负债和非流动资产的商业银行或其他具有系统重要性的金融机构的挤兑。这在中国是真实的，在美国、欧元区、日本和英国也是如此。</blockquote></p><p></p><p> China’s real-estate bubble—and the household debt secured against it—is likely to implode sooner or later. The dangerously indebted property developer Evergrande could well be the catalyst. But even if Chinese authorities manage to prevent a full-fledged financial meltdown, a deep and persistent economic slump would be unavoidable. Add to that a marked decline in China’s potential growth rate (owing to demographics and enterprise-hostile policies), and the world economy will have lost one of its engines.</p><p><blockquote>中国的房地产泡沫——以及以此为抵押的家庭债务——可能迟早会破裂。负债累累的房地产开发商恒大很可能成为催化剂。但即使中国当局设法阻止了全面的金融崩溃，深度和持续的经济衰退也是不可避免的。再加上中国潜在增长率的显著下降（由于人口结构和反企业政策），世界经济将失去一个引擎。</blockquote></p><p> <b>Distorted beliefs and enduring bubbles</b></p><p><blockquote><b>扭曲的信念和持久的泡沫</b></blockquote></p><p> Across the advanced economies (and in many emerging markets), risk assets, notably equitySPX,+1.05%GDOW,0.04%DJIA,+0.92%and real estate, appear to be materially overvalued, despite recent minor corrections. The only way to avoid this conclusion is to believe that long-run real interest rates today (which are negative in many cases) are at or close to their fundamental values. I suspect that both the long-run real safe interest rate and assorted risk premiums are being artificially depressed by distorted beliefs and enduring bubbles, respectively. If so, today’s risk-asset valuations are utterly detached from reality.</p><p><blockquote>在整个发达经济体（以及许多新兴市场），风险资产，特别是股票SPX、+1.05%GDOW、0.04%道琼斯、+0.92%和房地产，似乎被严重高估，尽管最近略有调整。避免这一结论的唯一方法是相信今天的长期实际利率（在许多情况下为负）处于或接近其基本值。我怀疑长期实际安全利率和各种风险溢价分别被扭曲的信念和持久的泡沫人为压低。如果是这样的话，今天的风险资产估值就完全脱离了现实。</blockquote></p><p>   <b>The goals of 2% inflation and maximum employment can wait, but financial stability cannot.</b>  Whenever the inevitable price corrections materialize, central banks, supervisors, and regulators will need to work closely with finance ministries to limit the damage to the real economy. Significant deleveraging by all four sectors (households, nonfinancial corporates, financial institutions, and governments) will be necessary to reduce financial vulnerability and boost resilience. Orderly debt restructuring, including sovereign debt restructuring in several highly vulnerable developing countries, will need to be part of the overdue restoration of financial sustainability.</p><p><blockquote><b>2%通胀和最大就业的目标可以等待，但金融稳定不能。</b>每当不可避免的价格调整成为现实时，央行、监管者和监管者都需要与财政部密切合作，以限制对实体经济的损害。所有四个部门（家庭、非金融企业、金融机构和政府）都有必要大幅去杠杆化，以降低金融脆弱性和增强弹性。有序的债务重组，包括几个高度脆弱的发展中国家的主权债务重组，将需要成为迟来的恢复财政可持续性的一部分。</blockquote></p><p> Central banks, acting as lenders of last resort (LLR) and market makers of last resort (MMLR), will once again be the linchpins in what is sure to be a chaotic sequence of events. Their contributions to global financial stability have never been more important. The goals of 2% inflation and maximum employment can wait, but financial stability cannot. Since LLR and MMLR operations are conducted in the twilight zone between illiquidity and insolvency, these central-bank activities have marked quasi-fiscal characteristics. Thus, the crisis now waiting in the wings will inevitably diminish central bank independence.</p><p><blockquote>作为最后贷款人（LLR）和最后做市商（MMLR）的央行将再次成为一系列混乱事件的关键。它们对全球金融稳定的贡献从未像现在这样重要。2%通胀和最大就业的目标可以等待，但金融稳定不能。由于LLR和MMLR操作是在流动性不足和破产之间的边缘地带进行的，这些央行活动具有明显的准财政特征。因此，即将到来的危机将不可避免地削弱央行的独立性。</blockquote></p><p> <b><i>Willem H. Buiter is an adjunct professor of international and public affairs at Columbia University.He was global chief economist at Citigroup from 2010 to 2018</i></b>.</p><p><blockquote><b><i>威廉·H·比特是哥伦比亚大学国际和公共事务兼职教授。2010年至2018年任花旗集团全球首席经济学家</i></b>.</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The next financial crisis is fast approaching<blockquote>下一次金融危机即将来临</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe next financial crisis is fast approaching<blockquote>下一次金融危机即将来临</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-10-06 17:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Central banks need to prepare because global stock markets and real estate are overvalued, while leverage is near record levels for households, corporations, banks and governments.</b>  NEW YORK (Project Syndicate)— Since early 2020, central banks across the advanced economies have had to choose between pursuing financial stability, low (typically 2%) inflation, or real economic activity. Without exception, they have opted in favor of financial stability, followed by real economic activity, with inflation last.</p><p><blockquote><b>各国央行需要做好准备，因为全球股市和房地产被高估，而家庭、企业、银行和政府的杠杆率接近创纪录水平。</b>纽约（Project Syndicate）——自2020年初以来，发达经济体的央行不得不在追求金融稳定、低通胀（通常为2%）或实体经济活动之间做出选择。无一例外，他们都选择了金融稳定，其次是实体经济活动，最后是通货膨胀。</blockquote></p><p> As a result, the only advanced-economy central bank to raise interest rates since the start of the COVID-19 pandemic has been Norway’s Norges Bank, which&nbsp;lifted&nbsp;its policy rate from zero to 0.25% on Sept. 24. While it has&nbsp;hinted&nbsp;that an additional rate increase is likely in December, and that its policy rate could reach 1.7% toward the end of 2024, that is merely more evidence of monetary policy makers’ extreme reluctance to implement the kind of rate increases that are required to achieve a 2% inflation target consistently.</p><p><blockquote>因此，自COVID-19大流行开始以来唯一加息的发达经济体央行是挪威央行，该央行于9月24日将政策利率从零上调至0.25%。尽管它暗示可能会在12月进一步加息，并且其政策利率可能在2024年底达到1.7%，但这只是更多证据表明货币政策制定者极其不愿意实施所需的加息持续实现2%的通胀目标。</blockquote></p><p>   <b>Today’s risk-asset valuations are utterly detached from reality.</b>  Central banks’ overwhelming reluctance to pursue interest-rate and balance-sheet policies compatible with their inflation targets should come as no surprise. In the years between the start of the Great Moderation in the mid-1980s and the 2007-08 financial crisis, advanced-economy central banks failed to give sufficient weight to financial stability. A prime example was the Bank of England’s loss of all supervisory and regulatory powers when it was granted operational independence in 1997.</p><p><blockquote><b>今天的风险资产估值完全脱离现实。</b>各国央行极不愿意推行与其通胀目标相适应的利率和资产负债表政策，这并不奇怪。在20世纪80年代中期大缓和开始到2007-08年金融危机之间的几年里，发达经济体的央行未能对金融稳定给予足够的重视。一个典型的例子是英格兰银行在1997年获得运营独立性时失去了所有监督和监管权力。</blockquote></p><p> <b>Prioritize financial stability over inflation</b></p><p><blockquote><b>将金融稳定置于通胀之上</b></blockquote></p><p> The result was a financial disaster and a severe cyclical downturn. Confirming the logic of “once bitten, twice shy,” central banks then responded to the COVID-19 pandemic by pursuing unprecedentedly aggressive policies to ensure financial stability. But they also went far beyond what was required, pulling out all the policy stops to support real economic activity.</p><p><blockquote>结果是一场金融灾难和严重的周期性衰退。各国央行随后通过采取前所未有的激进政策来确保金融稳定，从而证实了“一劳永逸”的逻辑。但他们也远远超出了要求，用尽了所有政策来支持实体经济活动。</blockquote></p><p> Central banks were right to prioritize financial stability over price stability, considering that financial stability itself is a prerequisite for sustainable price stability (and for some central banks’ other target, full employment). The economic and social cost of a financial crisis, especially with private and public leverage as high as it is today, would dwarf the cost of persistently overshooting the inflation target. Obviously, very high inflation rates must be avoided, because they, too, can become a source of financial instability; but if preventing a financial calamity requires a few years of high single-digit inflation, the price is well worth it.</p><p><blockquote>各国央行将金融稳定置于价格稳定之上是正确的，因为金融稳定本身是可持续价格稳定的先决条件（对于一些央行的另一个目标，即充分就业）。金融危机的经济和社会成本，尤其是在私人和公共杠杆率如此之高的情况下，将使持续超过通胀目标的成本相形见绌。显然，必须避免非常高的通货膨胀率，因为它们也可能成为金融不稳定的根源；但如果防止金融灾难需要几年的高个位数通胀，那么这个代价是非常值得的。</blockquote></p><p>   <b>There is not enough resilience in non-central bank balance sheets to address a fire sale of distressed assets or a run on commercial banks or other systemically important financial institutions that hold liquid liabilities and illiquid assets.</b>  I hope (and expect) that central banks—not least the Federal Reserve—are ready to respond appropriately if the U.S. federal government breaches its “debt ceiling” on or around Oct. 18. A recent&nbsp;study&nbsp;by Mark Zandi of Moody’s Analytics concludes that a U.S. sovereign debt default could destroy up to 6 million U.S. jobs and wipe out as much as $15 trillion in private wealth. This estimate strikes me as optimistic. If the sovereign default were to be protracted, the costs would probably be much higher.</p><p><blockquote><b>非央行资产负债表没有足够的弹性来应对不良资产的抛售或持有流动负债和非流动资产的商业银行或其他具有系统重要性的金融机构的挤兑。</b>我希望（并期待）如果美国联邦政府在10月18日或前后突破“债务上限”，各国央行——尤其是美联储——准备好做出适当反应。穆迪分析公司（Moody’s Analytics）的马克·赞迪（Mark Zandi）最近的一项研究得出结论，美国主权债务违约可能会摧毁多达600万个美国工作岗位，并抹去多达15万亿美元的私人财富。这个估计让我觉得很乐观。如果主权违约长期化，成本可能会高得多。</blockquote></p><p> In any case, a U.S. sovereign default would also have a dramatic and devastating global impact, afflicting both advanced economies and emerging and developing markets. U.S. sovereign debtTMUBMUSD10Y,1.551%is widely held globally, and the U.S. dollarBUXX,0.43%remains the world’s senior reserve currency.</p><p><blockquote>无论如何，美国主权违约也将产生巨大和毁灭性的全球影响，困扰发达经济体以及新兴和发展中市场。美国主权债务TTMUBMUSD10Y, 1.551%在全球范围内被广泛持有，美元BUXX, 0.43%仍然是世界的高级储备货币。</blockquote></p><p> <b>Vulnerable to financial shocks</b></p><p><blockquote><b>易受金融冲击</b></blockquote></p><p> Even without a self-inflicted wound like a congressional failure to raise or suspend the debt ceiling, financial fragility is rife nowadays. Household, corporate, financial, and government balance sheets have grown to record highs this century, rendering all four sectors more vulnerable to financial shocks.</p><p><blockquote>即使没有国会未能提高或暂停债务上限等自我造成的创伤，金融脆弱性如今也很普遍。家庭、企业、金融和政府的资产负债表已增长至本世纪的历史新高，使所有四个部门更容易受到金融冲击的影响。</blockquote></p><p>   <b>The economic and social cost of a</b>   <b>financial crisis, especially with private and public leverage as high as it is today, would dwarf the cost of persistently overshooting the inflation target.</b>  Central banks are the only economic actors capable of addressing the funding and market-liquidity crises that are now part of the new normal. There is not enough resilience in non-central bank balance sheets to address a fire sale of distressed assets or a run on commercial banks or other systemically important financial institutions that hold liquid liabilities and illiquid assets. This is as true in China as it is in the U.S., the eurozone, Japan, and the United Kingdom.</p><p><blockquote><b>经济和社会成本</b><b>金融危机，尤其是在私人和公共杠杆率如此之高的情况下，将使持续超过通胀目标的成本相形见绌。</b>央行是唯一有能力解决融资和市场流动性危机的经济参与者，这些危机现在已成为新常态的一部分。非央行资产负债表没有足够的弹性来应对不良资产的抛售或持有流动负债和非流动资产的商业银行或其他具有系统重要性的金融机构的挤兑。这在中国是真实的，在美国、欧元区、日本和英国也是如此。</blockquote></p><p></p><p> China’s real-estate bubble—and the household debt secured against it—is likely to implode sooner or later. The dangerously indebted property developer Evergrande could well be the catalyst. But even if Chinese authorities manage to prevent a full-fledged financial meltdown, a deep and persistent economic slump would be unavoidable. Add to that a marked decline in China’s potential growth rate (owing to demographics and enterprise-hostile policies), and the world economy will have lost one of its engines.</p><p><blockquote>中国的房地产泡沫——以及以此为抵押的家庭债务——可能迟早会破裂。负债累累的房地产开发商恒大很可能成为催化剂。但即使中国当局设法阻止了全面的金融崩溃，深度和持续的经济衰退也是不可避免的。再加上中国潜在增长率的显著下降（由于人口结构和反企业政策），世界经济将失去一个引擎。</blockquote></p><p> <b>Distorted beliefs and enduring bubbles</b></p><p><blockquote><b>扭曲的信念和持久的泡沫</b></blockquote></p><p> Across the advanced economies (and in many emerging markets), risk assets, notably equitySPX,+1.05%GDOW,0.04%DJIA,+0.92%and real estate, appear to be materially overvalued, despite recent minor corrections. The only way to avoid this conclusion is to believe that long-run real interest rates today (which are negative in many cases) are at or close to their fundamental values. I suspect that both the long-run real safe interest rate and assorted risk premiums are being artificially depressed by distorted beliefs and enduring bubbles, respectively. If so, today’s risk-asset valuations are utterly detached from reality.</p><p><blockquote>在整个发达经济体（以及许多新兴市场），风险资产，特别是股票SPX、+1.05%GDOW、0.04%道琼斯、+0.92%和房地产，似乎被严重高估，尽管最近略有调整。避免这一结论的唯一方法是相信今天的长期实际利率（在许多情况下为负）处于或接近其基本值。我怀疑长期实际安全利率和各种风险溢价分别被扭曲的信念和持久的泡沫人为压低。如果是这样的话，今天的风险资产估值就完全脱离了现实。</blockquote></p><p>   <b>The goals of 2% inflation and maximum employment can wait, but financial stability cannot.</b>  Whenever the inevitable price corrections materialize, central banks, supervisors, and regulators will need to work closely with finance ministries to limit the damage to the real economy. Significant deleveraging by all four sectors (households, nonfinancial corporates, financial institutions, and governments) will be necessary to reduce financial vulnerability and boost resilience. Orderly debt restructuring, including sovereign debt restructuring in several highly vulnerable developing countries, will need to be part of the overdue restoration of financial sustainability.</p><p><blockquote><b>2%通胀和最大就业的目标可以等待，但金融稳定不能。</b>每当不可避免的价格调整成为现实时，央行、监管者和监管者都需要与财政部密切合作，以限制对实体经济的损害。所有四个部门（家庭、非金融企业、金融机构和政府）都有必要大幅去杠杆化，以降低金融脆弱性和增强弹性。有序的债务重组，包括几个高度脆弱的发展中国家的主权债务重组，将需要成为迟来的恢复财政可持续性的一部分。</blockquote></p><p> Central banks, acting as lenders of last resort (LLR) and market makers of last resort (MMLR), will once again be the linchpins in what is sure to be a chaotic sequence of events. Their contributions to global financial stability have never been more important. The goals of 2% inflation and maximum employment can wait, but financial stability cannot. Since LLR and MMLR operations are conducted in the twilight zone between illiquidity and insolvency, these central-bank activities have marked quasi-fiscal characteristics. Thus, the crisis now waiting in the wings will inevitably diminish central bank independence.</p><p><blockquote>作为最后贷款人（LLR）和最后做市商（MMLR）的央行将再次成为一系列混乱事件的关键。它们对全球金融稳定的贡献从未像现在这样重要。2%通胀和最大就业的目标可以等待，但金融稳定不能。由于LLR和MMLR操作是在流动性不足和破产之间的边缘地带进行的，这些央行活动具有明显的准财政特征。因此，即将到来的危机将不可避免地削弱央行的独立性。</blockquote></p><p> <b><i>Willem H. Buiter is an adjunct professor of international and public affairs at Columbia University.He was global chief economist at Citigroup from 2010 to 2018</i></b>.</p><p><blockquote><b><i>威廉·H·比特是哥伦比亚大学国际和公共事务兼职教授。2010年至2018年任花旗集团全球首席经济学家</i></b>.</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-next-financial-crisis-is-fast-approaching-11633447555?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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/the-next-financial-crisis-is-fast-approaching-11633447555?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140605265","content_text":"Central banks need to prepare because global stock markets and real estate are overvalued, while leverage is near record levels for households, corporations, banks and governments.\n\nNEW YORK (Project Syndicate)— Since early 2020, central banks across the advanced economies have had to choose between pursuing financial stability, low (typically 2%) inflation, or real economic activity. Without exception, they have opted in favor of financial stability, followed by real economic activity, with inflation last.\nAs a result, the only advanced-economy central bank to raise interest rates since the start of the COVID-19 pandemic has been Norway’s Norges Bank, which lifted its policy rate from zero to 0.25% on Sept. 24. While it has hinted that an additional rate increase is likely in December, and that its policy rate could reach 1.7% toward the end of 2024, that is merely more evidence of monetary policy makers’ extreme reluctance to implement the kind of rate increases that are required to achieve a 2% inflation target consistently.\n\nToday’s risk-asset valuations are utterly detached from reality.\n\nCentral banks’ overwhelming reluctance to pursue interest-rate and balance-sheet policies compatible with their inflation targets should come as no surprise. In the years between the start of the Great Moderation in the mid-1980s and the 2007-08 financial crisis, advanced-economy central banks failed to give sufficient weight to financial stability. A prime example was the Bank of England’s loss of all supervisory and regulatory powers when it was granted operational independence in 1997.\nPrioritize financial stability over inflation\nThe result was a financial disaster and a severe cyclical downturn. Confirming the logic of “once bitten, twice shy,” central banks then responded to the COVID-19 pandemic by pursuing unprecedentedly aggressive policies to ensure financial stability. But they also went far beyond what was required, pulling out all the policy stops to support real economic activity.\nCentral banks were right to prioritize financial stability over price stability, considering that financial stability itself is a prerequisite for sustainable price stability (and for some central banks’ other target, full employment). The economic and social cost of a financial crisis, especially with private and public leverage as high as it is today, would dwarf the cost of persistently overshooting the inflation target. Obviously, very high inflation rates must be avoided, because they, too, can become a source of financial instability; but if preventing a financial calamity requires a few years of high single-digit inflation, the price is well worth it.\n\nThere is not enough resilience in non-central bank balance sheets to address a fire sale of distressed assets or a run on commercial banks or other systemically important financial institutions that hold liquid liabilities and illiquid assets.\n\nI hope (and expect) that central banks—not least the Federal Reserve—are ready to respond appropriately if the U.S. federal government breaches its “debt ceiling” on or around Oct. 18. A recent study by Mark Zandi of Moody’s Analytics concludes that a U.S. sovereign debt default could destroy up to 6 million U.S. jobs and wipe out as much as $15 trillion in private wealth. This estimate strikes me as optimistic. If the sovereign default were to be protracted, the costs would probably be much higher.\nIn any case, a U.S. sovereign default would also have a dramatic and devastating global impact, afflicting both advanced economies and emerging and developing markets. U.S. sovereign debtTMUBMUSD10Y,1.551%is widely held globally, and the U.S. dollarBUXX,0.43%remains the world’s senior reserve currency.\nVulnerable to financial shocks\nEven without a self-inflicted wound like a congressional failure to raise or suspend the debt ceiling, financial fragility is rife nowadays. Household, corporate, financial, and government balance sheets have grown to record highs this century, rendering all four sectors more vulnerable to financial shocks.\n\nThe economic and social cost of a\nfinancial crisis, especially with private and public leverage as high as it is today, would dwarf the cost of persistently overshooting the inflation target.\n\nCentral banks are the only economic actors capable of addressing the funding and market-liquidity crises that are now part of the new normal. There is not enough resilience in non-central bank balance sheets to address a fire sale of distressed assets or a run on commercial banks or other systemically important financial institutions that hold liquid liabilities and illiquid assets. This is as true in China as it is in the U.S., the eurozone, Japan, and the United Kingdom.\nChina’s real-estate bubble—and the household debt secured against it—is likely to implode sooner or later. The dangerously indebted property developer Evergrande could well be the catalyst. But even if Chinese authorities manage to prevent a full-fledged financial meltdown, a deep and persistent economic slump would be unavoidable. Add to that a marked decline in China’s potential growth rate (owing to demographics and enterprise-hostile policies), and the world economy will have lost one of its engines.\nDistorted beliefs and enduring bubbles\nAcross the advanced economies (and in many emerging markets), risk assets, notably equitySPX,+1.05%GDOW,0.04%DJIA,+0.92%and real estate, appear to be materially overvalued, despite recent minor corrections. The only way to avoid this conclusion is to believe that long-run real interest rates today (which are negative in many cases) are at or close to their fundamental values. I suspect that both the long-run real safe interest rate and assorted risk premiums are being artificially depressed by distorted beliefs and enduring bubbles, respectively. If so, today’s risk-asset valuations are utterly detached from reality.\n\nThe goals of 2% inflation and maximum employment can wait, but financial stability cannot.\n\nWhenever the inevitable price corrections materialize, central banks, supervisors, and regulators will need to work closely with finance ministries to limit the damage to the real economy. Significant deleveraging by all four sectors (households, nonfinancial corporates, financial institutions, and governments) will be necessary to reduce financial vulnerability and boost resilience. Orderly debt restructuring, including sovereign debt restructuring in several highly vulnerable developing countries, will need to be part of the overdue restoration of financial sustainability.\nCentral banks, acting as lenders of last resort (LLR) and market makers of last resort (MMLR), will once again be the linchpins in what is sure to be a chaotic sequence of events. Their contributions to global financial stability have never been more important. The goals of 2% inflation and maximum employment can wait, but financial stability cannot. Since LLR and MMLR operations are conducted in the twilight zone between illiquidity and insolvency, these central-bank activities have marked quasi-fiscal characteristics. Thus, the crisis now waiting in the wings will inevitably diminish central bank independence.\nWillem H. Buiter is an adjunct professor of international and public affairs at Columbia University.He was global chief economist at Citigroup from 2010 to 2018.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":889427273,"gmtCreate":1631172825292,"gmtModify":1631893439493,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Up, like pls","listText":"Up, like pls","text":"Up, like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/889427273","repostId":"2165399556","repostType":4,"isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899598745,"gmtCreate":1628205336687,"gmtModify":1633752731054,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089499026613770","idStr":"4089499026613770"},"themes":[],"htmlText":"Like and up.","listText":"Like and up.","text":"Like and up.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/899598745","repostId":"2157456017","repostType":4,"isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}