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2021-08-31

Ok

Moderna shares rose more than 2% in early trading<blockquote>Moderna股价早盘上涨超过2%</blockquote>

2021-08-31

Ok

Apple shares fell 1.04% in early trading as S.Korea's parliament passing bill to curb Apple commission dominance<blockquote>韩国国会通过遏制苹果委员会主导地位的法案，苹果股价早盘下跌 1.04%</blockquote>

2021-08-27

Ok

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2021-08-27

Ok

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2021-08-13

Ok

5.5% GDP growth in 2022 plausible amid budget reconciliation: BofA<blockquote>美国银行：在预算协调的情况下，2022 年 GDP 增长 5.5% 是合理的</blockquote>

2021-08-13

Ok

SoFi shares tumbled more than 14% in early trading.<blockquote>SoFi 股价早盘下跌超过 14%。</blockquote>

2021-08-13

Ok

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2021-08-05

Ok

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2021-08-04

Ok

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2021-08-04

Ok

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2021-08-04

Ok

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2021-08-02

Ok

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2021-08-01

Like

SIA, SIAE, Singtel potential candidates for company restructuring: Maybank<blockquote>SIA、SIAE、Singtel 公司重组的潜在候选者：马来亚银行</blockquote>

2021-07-30

Ok

U.S. charges Nikola founder Trevor Milton with lying to investors<blockquote>美国指控尼古拉创始人特雷弗·米尔顿对投资者撒谎</blockquote>

2021-07-29

Ok

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2021-07-28

Okay

Fed Meeting Will Focus on Tapering Timeline.<blockquote>美联储会议将重点讨论缩减规模的时间表。</blockquote>

2021-07-28

Ok

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2021-07-27

Thanks

U.S. Insider Trading Laws Are Getting Reimagined, But Not Without Concerns<blockquote>美国内幕交易法正在重新构想，但并非没有担忧</blockquote>

2021-07-27

Ok

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2021-07-27

Ok

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than 2% in early trading<blockquote>Moderna股价早盘上涨超过2%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; 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.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\">\nModerna shares rose more than 2% in early trading<blockquote>Moderna股价早盘上涨超过2%</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\">2021-08-31 21:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Moderna&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading.</p><p><blockquote>Moderna 股价早盘上涨超过 2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e3a6617d6ec5a20d69a181840ef582fb\" tg-width=\"885\" tg-height=\"634\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <ul>  <li>A study examining the immune response of Moderna's&nbsp;COVID-19 vaccine to Pfizer&nbsp;/BioNTech's&nbsp;found that the former created more than twice as many antibodies as the latter.</li>  <li>The study, published in the<i>Journal of the American Medical Association</i>, examined 2,499 health care workers in Belgium inoculated with one of the two vaccines.</li> </ul></p><p><blockquote><ul><li>一项研究检查了Moderna的新冠肺炎疫苗对辉瑞/BioNTech的免疫反应，发现前者产生的抗体数量是后者的两倍多。</li><li>这项研究发表在<i>美国医学会杂志</i>调查了比利时2499名接种了两种疫苗中的一种的医护人员。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","BNTX":"BioNTech SE","MRNA":"Moderna, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165958269","content_text":"Moderna shares rose more than 2% in early trading.\n\n\nA study examining the immune response of Moderna's COVID-19 vaccine to Pfizer /BioNTech's found that the former created more than twice as many antibodies as the latter.\nThe study, published in theJournal of the American Medical Association, examined 2,499 health care workers in Belgium inoculated with one of the two vaccines.","news_type":1,"symbols_score_info":{"PFE":0.9,"BNTX":0.9,"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":2670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818515999,"gmtCreate":1630419131811,"gmtModify":1633678201293,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818515999","repostId":"1118277523","repostType":4,"repost":{"id":"1118277523","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":1630418634,"share":"https://www.laohunote.com/m/news/1118277523?lang=zh_CN&edition=full","pubTime":"2021-08-31 22:03","market":"us","language":"en","title":"Apple shares fell 1.04% in early trading as S.Korea's parliament passing bill to curb Apple commission dominance<blockquote>韩国国会通过遏制苹果委员会主导地位的法案，苹果股价早盘下跌 1.04%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118277523","media":"Tiger Newspress","summary":"South Korea's parliament on Tuesday approved a bill that bans major app store operators such as Google and Apple from forcing software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases.It is the first such curb by a major economy on the likes of Apple Inc and Alphabet Inc's Google, which face global criticism for requiring the use of proprietary payment systems that charge commissions of up to 30%.","content":"<p>Apple&nbsp;shares&nbsp;fell&nbsp;1.04%&nbsp;in&nbsp;early&nbsp;trading&nbsp;as&nbsp;S.Korea's parliament passing bill to curb&nbsp;Apple commission dominance.</p><p><blockquote>由于韩国国会通过了遏制苹果委员会主导地位的法案，苹果股价在早盘交易中下跌 1.04%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dddfac227e4c05029904982112eb7573\" tg-width=\"883\" tg-height=\"617\" width=\"100%\" height=\"auto\">South Korea's parliament on Tuesday approved a bill that bans major app store operators such as Google and Apple from forcing software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases.</p><p><blockquote>韩国国会周二批准了一项法案，禁止谷歌和苹果等主要应用商店运营商强迫软件开发商使用他们的支付系统，实际上阻止了他们对应用内购买收取佣金。</blockquote></p><p> It is the first such curb by a major economy on the likes of Apple Inc&nbsp;and Alphabet Inc's&nbsp;Google, which face global criticism for requiring the use of proprietary payment systems that charge commissions of up to 30%.</p><p><blockquote>这是主要经济体首次对苹果和Alphabet旗下的谷歌等公司实施此类限制，这些公司因要求使用收取高达 30% 佣金的专有支付系统而面临全球批评。</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 fell 1.04% in early trading as S.Korea's parliament passing bill to curb Apple commission dominance<blockquote>韩国国会通过遏制苹果委员会主导地位的法案，苹果股价早盘下跌 1.04%</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 shares fell 1.04% in early trading as S.Korea's parliament passing bill to curb Apple commission dominance<blockquote>韩国国会通过遏制苹果委员会主导地位的法案，苹果股价早盘下跌 1.04%</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\">2021-08-31 22:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;shares&nbsp;fell&nbsp;1.04%&nbsp;in&nbsp;early&nbsp;trading&nbsp;as&nbsp;S.Korea's parliament passing bill to curb&nbsp;Apple commission dominance.</p><p><blockquote>由于韩国国会通过了遏制苹果委员会主导地位的法案，苹果股价在早盘交易中下跌 1.04%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dddfac227e4c05029904982112eb7573\" tg-width=\"883\" tg-height=\"617\" width=\"100%\" height=\"auto\">South Korea's parliament on Tuesday approved a bill that bans major app store operators such as Google and Apple from forcing software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases.</p><p><blockquote>韩国国会周二批准了一项法案，禁止谷歌和苹果等主要应用商店运营商强迫软件开发商使用他们的支付系统，实际上阻止了他们对应用内购买收取佣金。</blockquote></p><p> It is the first such curb by a major economy on the likes of Apple Inc&nbsp;and Alphabet Inc's&nbsp;Google, which face global criticism for requiring the use of proprietary payment systems that charge commissions of up to 30%.</p><p><blockquote>这是主要经济体首次对苹果和Alphabet旗下的谷歌等公司实施此类限制，这些公司因要求使用收取高达 30% 佣金的专有支付系统而面临全球批评。</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":"1118277523","content_text":"Apple shares fell 1.04% in early trading as S.Korea's parliament passing bill to curb Apple commission dominance.\nSouth Korea's parliament on Tuesday approved a bill that bans major app store operators such as Google and Apple from forcing software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases.\nIt is the first such curb by a major economy on the likes of Apple Inc and Alphabet Inc's Google, which face global criticism for requiring the use of proprietary payment systems that charge commissions of up to 30%.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2649,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819255799,"gmtCreate":1630074065611,"gmtModify":1704955586319,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819255799","repostId":"1122263329","repostType":4,"isVote":1,"tweetType":1,"viewCount":1764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819252892,"gmtCreate":1630074004516,"gmtModify":1704955584084,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/819252892","repostId":"2162028850","repostType":4,"isVote":1,"tweetType":1,"viewCount":2512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897040603,"gmtCreate":1628864593602,"gmtModify":1633688890795,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/897040603","repostId":"1120232826","repostType":4,"repost":{"id":"1120232826","kind":"news","pubTimestamp":1628860766,"share":"https://www.laohunote.com/m/news/1120232826?lang=zh_CN&edition=full","pubTime":"2021-08-13 21:19","market":"us","language":"en","title":"5.5% GDP growth in 2022 plausible amid budget reconciliation: BofA<blockquote>美国银行：在预算协调的情况下，2022 年 GDP 增长 5.5% 是合理的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120232826","media":"finance.yahoo","summary":"The Senate’s passage of a$1.2 trillion infrastructure packagebipartisan agreement on Tuesday, Aug. 1","content":"<p>The Senate’s passage of a$1.2 trillion infrastructure packagebipartisan agreement on Tuesday, Aug. 10, sets the stage to add around $550 billion in new spending to roads, bridges, waterways, public transit, railways, the power grid and broadband internet around the country. According to a Bank of America Global Research (BAC) report by U.S. economist Michelle Meyer published in light of the infrastructure bill, BofA’s forecast of 5.5% real GDP growth for 2022 remains feasible.</p><p><blockquote>参议院于 8 月 10 日星期二通过了 1.2 万亿澳元的基础设施一揽子计划两党协议，为全国各地的道路、桥梁、水道、公共交通、铁路、电网和宽带互联网增加约 5500 亿澳元的新支出奠定了基础。根据美国经济学家米歇尔-迈耶（Michelle Meyer）根据基础设施法案发布的美国银行全球研究（BAC）报告，美国银行对2022年实际GDP增长5.5%的预测仍然可行。</blockquote></p><p> “Our baseline forecast of 5.5% real GDP growth next year assumes $2 trillion of new spending,” the report reads. “We think this is still in the ballpark and are awaiting to see how the reconciliation process unfolds.”</p><p><blockquote>“报告写道：”我们对明年实际国内生产总值增长 5.5% 的基线预测是假设新增支出为 2 万亿美元。“我们认为这还只是一个大概的阶段，我们正在等待和解进程的进展”。</blockquote></p><p> Although $550 billion in new fiscal spending over the next five years from the infrastructure bill alone would not meet the mark for BofA’s baseline target of $2 trillion, the Democrats’$3.5 trillion budget resolutionmight do just that. The resolution, adopted in the Senate Wednesday morning in a 50-49 vote, could lead to bolstered spending towards the expansion of “human capital” infrastructure — Medicare and federal safety net programs, as well as federal child care, education, and climate change efforts. BofA’s report states that the company will not be amending its healthy economic forecast for next year just yet.</p><p><blockquote>尽管未来五年仅基础设施法案就带来的 5500 亿美元新财政支出无法达到美国银行 2 万亿美元的基线目标，但民主党的 3.5 万亿美元预算决议可能会做到这一点。该决议于周三上午在参议院以 50 票对 49 票获得通过，可能会增加用于扩大 “人力资本 ”基础设施的支出--医疗保险和联邦安全网计划，以及联邦儿童保育、教育和气候变化工作。美国银行的报告指出，该公司目前不会修改明年的健康经济预测。</blockquote></p><p> “While we may not see the reconciliation end up with such a high price tag, we expect a bill to be passed with many of the core objectives,” the report reads. “The bottom line: more fiscal expansion is on the way, but this is a very different form of stimulus than the COVID-relief programs.”</p><p><blockquote>“报告写道：”虽然我们可能不会看到和解最终付出如此高昂的代价，但我们预计将通过一项包含许多核心目标的法案。“底线：更多的财政扩张即将到来，但这是一种与 COVID 救济计划截然不同的刺激措施。”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0826f560c8e50ecd2696f8d7f9816914\" tg-width=\"705\" tg-height=\"504\" width=\"100%\" height=\"auto\"><span>U.S. President Joe Biden discusses his 'Build Back Better' agenda for economic growth and job creation following early morning Senate passage of the bipartisan infrastructure bill and the budget resolution, during a speech in the East Room at the White House in Washington, U.S., August 11, 2021. REUTERS/Evelyn HocksteinMore</span></p><p><blockquote><p class=\"t-img-caption\"><span>2021 年 8 月 11 日，美国华盛顿白宫东厅，美国总统乔·拜登在参议院清晨通过两党基础设施法案和预算决议后，讨论了他的“重建得更好”议程，以促进经济增长和创造就业机会。路透社/伊芙琳·霍克斯坦莫尔</span></p></blockquote></p><p> And as the infrastructure bill now makes its way to the House, the report noted that the output “multiplier” for infrastructural spending is typically larger compared to other fiscal spending initiatives. With $110 billion being put towards roads, bridges, and other major projects as well as $66 billion towards passenger and freight railways, GDP may be boosted by $50 to $120 for every $100 spent on infrastructure in the medium term, without accounting for pay-fors. This equates to a multiplier of anywhere between 0.5 to 1.2 per historical data, BofA said.</p><p><blockquote>随着基础设施法案即将提交众议院，报告指出，与其他财政支出举措相比，基础设施支出的产出 “乘数 ”通常更大。1100亿美元用于道路、桥梁和其他重大项目，660亿美元用于客运和货运铁路，中期内，基础设施每支出100美元，GDP可能会增加50至120美元，这还不包括工资。美国银行表示，这相当于每个历史数据的乘数在 0.5 到 1.2 之间。</blockquote></p><p> According to BofA, the two primary ways in which infrastructure spending boosts GDP is through the direct effects of spending to subsidize various projects as well as the resulting gains to economic productivity and efficiency.</p><p><blockquote>根据美国银行的说法，基础设施支出提振GDP的两个主要方式是通过支出补贴各种项目的直接效果，以及由此带来的经济生产力和效率收益。</blockquote></p><p> “Both provide medium-to-long term support for the economy in stark contrast to the immediate lift from the stimulus payments in the COVID relief bills,” the report reads.</p><p><blockquote>“报告写道：”两者都为经济提供了中长期支持，这与立即取消 COVID 救济法案中的刺激付款形成了鲜明对比。</blockquote></p><p> Legislators continue to debate over the budget deficit implications the bill will have, with the Congressional Budget Office (CBO) estimating that it willincrease the deficit by $256 billionover the next decade.</p><p><blockquote>立法者继续就该法案将产生的预算赤字影响进行辩论，国会预算办公室 (CBO) 估计，该法案将在未来十年内使赤字增加 2560 亿美元。</blockquote></p><p> “The debate seems to be over some of the assumptions of 'pay fors' such as repurposing unused COVID relief funds and using the savings generated by states that terminated unemployment insurance programs early,” the report reads. “There are no changes to corporate taxes, gas tax fees, or fees on electric vehicles.”</p><p><blockquote>“报告写道：”这场争论似乎是关于'支付福斯'的一些假设，如重新利用未使用的 COVID 救济资金，以及使用提前终止失业保险计划的各州所产生的储蓄。“公司税、汽油税或电动汽车费用没有变化”。</blockquote></p><p> In any case, Congress is set to have a busy fall season. BofA proposed a timeline of the infrastructure bill being signed into law by the end of August with the budget reconciliation passing in late-October. Congress will need to pass a continuing resolution by Sept. 30 as well asface the debt ceilingby mid-to-late fall.</p><p><blockquote>无论如何，国会将迎来一个繁忙的秋季。美国银行提出了基础设施法案的时间表，该法案将于 8 月底签署成为法律，预算对账将于 10 月下旬通过。国会需要在 9 月 30 日之前通过一项持续决议，并在秋季中后期解决债务上限。</blockquote></p><p></p>","source":"lsy1612507957220","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>5.5% GDP growth in 2022 plausible amid budget reconciliation: BofA<blockquote>美国银行：在预算协调的情况下，2022 年 GDP 增长 5.5% 是合理的</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\n5.5% GDP growth in 2022 plausible amid budget reconciliation: BofA<blockquote>美国银行：在预算协调的情况下，2022 年 GDP 增长 5.5% 是合理的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">finance.yahoo</strong><span class=\"h-time small\">2021-08-13 21:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Senate’s passage of a$1.2 trillion infrastructure packagebipartisan agreement on Tuesday, Aug. 10, sets the stage to add around $550 billion in new spending to roads, bridges, waterways, public transit, railways, the power grid and broadband internet around the country. According to a Bank of America Global Research (BAC) report by U.S. economist Michelle Meyer published in light of the infrastructure bill, BofA’s forecast of 5.5% real GDP growth for 2022 remains feasible.</p><p><blockquote>参议院于 8 月 10 日星期二通过了 1.2 万亿澳元的基础设施一揽子计划两党协议，为全国各地的道路、桥梁、水道、公共交通、铁路、电网和宽带互联网增加约 5500 亿澳元的新支出奠定了基础。根据美国经济学家米歇尔-迈耶（Michelle Meyer）根据基础设施法案发布的美国银行全球研究（BAC）报告，美国银行对2022年实际GDP增长5.5%的预测仍然可行。</blockquote></p><p> “Our baseline forecast of 5.5% real GDP growth next year assumes $2 trillion of new spending,” the report reads. “We think this is still in the ballpark and are awaiting to see how the reconciliation process unfolds.”</p><p><blockquote>“报告写道：”我们对明年实际国内生产总值增长 5.5% 的基线预测是假设新增支出为 2 万亿美元。“我们认为这还只是一个大概的阶段，我们正在等待和解进程的进展”。</blockquote></p><p> Although $550 billion in new fiscal spending over the next five years from the infrastructure bill alone would not meet the mark for BofA’s baseline target of $2 trillion, the Democrats’$3.5 trillion budget resolutionmight do just that. The resolution, adopted in the Senate Wednesday morning in a 50-49 vote, could lead to bolstered spending towards the expansion of “human capital” infrastructure — Medicare and federal safety net programs, as well as federal child care, education, and climate change efforts. BofA’s report states that the company will not be amending its healthy economic forecast for next year just yet.</p><p><blockquote>尽管未来五年仅基础设施法案就带来的 5500 亿美元新财政支出无法达到美国银行 2 万亿美元的基线目标，但民主党的 3.5 万亿美元预算决议可能会做到这一点。该决议于周三上午在参议院以 50 票对 49 票获得通过，可能会增加用于扩大 “人力资本 ”基础设施的支出--医疗保险和联邦安全网计划，以及联邦儿童保育、教育和气候变化工作。美国银行的报告指出，该公司目前不会修改明年的健康经济预测。</blockquote></p><p> “While we may not see the reconciliation end up with such a high price tag, we expect a bill to be passed with many of the core objectives,” the report reads. “The bottom line: more fiscal expansion is on the way, but this is a very different form of stimulus than the COVID-relief programs.”</p><p><blockquote>“报告写道：”虽然我们可能不会看到和解最终付出如此高昂的代价，但我们预计将通过一项包含许多核心目标的法案。“底线：更多的财政扩张即将到来，但这是一种与 COVID 救济计划截然不同的刺激措施。”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0826f560c8e50ecd2696f8d7f9816914\" tg-width=\"705\" tg-height=\"504\" width=\"100%\" height=\"auto\"><span>U.S. President Joe Biden discusses his 'Build Back Better' agenda for economic growth and job creation following early morning Senate passage of the bipartisan infrastructure bill and the budget resolution, during a speech in the East Room at the White House in Washington, U.S., August 11, 2021. REUTERS/Evelyn HocksteinMore</span></p><p><blockquote><p class=\"t-img-caption\"><span>2021 年 8 月 11 日，美国华盛顿白宫东厅，美国总统乔·拜登在参议院清晨通过两党基础设施法案和预算决议后，讨论了他的“重建得更好”议程，以促进经济增长和创造就业机会。路透社/伊芙琳·霍克斯坦莫尔</span></p></blockquote></p><p> And as the infrastructure bill now makes its way to the House, the report noted that the output “multiplier” for infrastructural spending is typically larger compared to other fiscal spending initiatives. With $110 billion being put towards roads, bridges, and other major projects as well as $66 billion towards passenger and freight railways, GDP may be boosted by $50 to $120 for every $100 spent on infrastructure in the medium term, without accounting for pay-fors. This equates to a multiplier of anywhere between 0.5 to 1.2 per historical data, BofA said.</p><p><blockquote>随着基础设施法案即将提交众议院，报告指出，与其他财政支出举措相比，基础设施支出的产出 “乘数 ”通常更大。1100亿美元用于道路、桥梁和其他重大项目，660亿美元用于客运和货运铁路，中期内，基础设施每支出100美元，GDP可能会增加50至120美元，这还不包括工资。美国银行表示，这相当于每个历史数据的乘数在 0.5 到 1.2 之间。</blockquote></p><p> According to BofA, the two primary ways in which infrastructure spending boosts GDP is through the direct effects of spending to subsidize various projects as well as the resulting gains to economic productivity and efficiency.</p><p><blockquote>根据美国银行的说法，基础设施支出提振GDP的两个主要方式是通过支出补贴各种项目的直接效果，以及由此带来的经济生产力和效率收益。</blockquote></p><p> “Both provide medium-to-long term support for the economy in stark contrast to the immediate lift from the stimulus payments in the COVID relief bills,” the report reads.</p><p><blockquote>“报告写道：”两者都为经济提供了中长期支持，这与立即取消 COVID 救济法案中的刺激付款形成了鲜明对比。</blockquote></p><p> Legislators continue to debate over the budget deficit implications the bill will have, with the Congressional Budget Office (CBO) estimating that it willincrease the deficit by $256 billionover the next decade.</p><p><blockquote>立法者继续就该法案将产生的预算赤字影响进行辩论，国会预算办公室 (CBO) 估计，该法案将在未来十年内使赤字增加 2560 亿美元。</blockquote></p><p> “The debate seems to be over some of the assumptions of 'pay fors' such as repurposing unused COVID relief funds and using the savings generated by states that terminated unemployment insurance programs early,” the report reads. “There are no changes to corporate taxes, gas tax fees, or fees on electric vehicles.”</p><p><blockquote>“报告写道：”这场争论似乎是关于'支付福斯'的一些假设，如重新利用未使用的 COVID 救济资金，以及使用提前终止失业保险计划的各州所产生的储蓄。“公司税、汽油税或电动汽车费用没有变化”。</blockquote></p><p> In any case, Congress is set to have a busy fall season. BofA proposed a timeline of the infrastructure bill being signed into law by the end of August with the budget reconciliation passing in late-October. Congress will need to pass a continuing resolution by Sept. 30 as well asface the debt ceilingby mid-to-late fall.</p><p><blockquote>无论如何，国会将迎来一个繁忙的秋季。美国银行提出了基础设施法案的时间表，该法案将于 8 月底签署成为法律，预算对账将于 10 月下旬通过。国会需要在 9 月 30 日之前通过一项持续决议，并在秋季中后期解决债务上限。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/55-2022-gdp-growth-plausible-amid-budget-reconciliation-bof-a-131504551.html\">finance.yahoo</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/55-2022-gdp-growth-plausible-amid-budget-reconciliation-bof-a-131504551.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120232826","content_text":"The Senate’s passage of a$1.2 trillion infrastructure packagebipartisan agreement on Tuesday, Aug. 10, sets the stage to add around $550 billion in new spending to roads, bridges, waterways, public transit, railways, the power grid and broadband internet around the country. According to a Bank of America Global Research (BAC) report by U.S. economist Michelle Meyer published in light of the infrastructure bill, BofA’s forecast of 5.5% real GDP growth for 2022 remains feasible.\n“Our baseline forecast of 5.5% real GDP growth next year assumes $2 trillion of new spending,” the report reads. “We think this is still in the ballpark and are awaiting to see how the reconciliation process unfolds.”\nAlthough $550 billion in new fiscal spending over the next five years from the infrastructure bill alone would not meet the mark for BofA’s baseline target of $2 trillion, the Democrats’$3.5 trillion budget resolutionmight do just that. The resolution, adopted in the Senate Wednesday morning in a 50-49 vote, could lead to bolstered spending towards the expansion of “human capital” infrastructure — Medicare and federal safety net programs, as well as federal child care, education, and climate change efforts. BofA’s report states that the company will not be amending its healthy economic forecast for next year just yet.\n“While we may not see the reconciliation end up with such a high price tag, we expect a bill to be passed with many of the core objectives,” the report reads. “The bottom line: more fiscal expansion is on the way, but this is a very different form of stimulus than the COVID-relief programs.”\nU.S. President Joe Biden discusses his 'Build Back Better' agenda for economic growth and job creation following early morning Senate passage of the bipartisan infrastructure bill and the budget resolution, during a speech in the East Room at the White House in Washington, U.S., August 11, 2021. REUTERS/Evelyn HocksteinMore\nAnd as the infrastructure bill now makes its way to the House, the report noted that the output “multiplier” for infrastructural spending is typically larger compared to other fiscal spending initiatives. With $110 billion being put towards roads, bridges, and other major projects as well as $66 billion towards passenger and freight railways, GDP may be boosted by $50 to $120 for every $100 spent on infrastructure in the medium term, without accounting for pay-fors. This equates to a multiplier of anywhere between 0.5 to 1.2 per historical data, BofA said.\nAccording to BofA, the two primary ways in which infrastructure spending boosts GDP is through the direct effects of spending to subsidize various projects as well as the resulting gains to economic productivity and efficiency.\n“Both provide medium-to-long term support for the economy in stark contrast to the immediate lift from the stimulus payments in the COVID relief bills,” the report reads.\nLegislators continue to debate over the budget deficit implications the bill will have, with the Congressional Budget Office (CBO) estimating that it willincrease the deficit by $256 billionover the next decade.\n“The debate seems to be over some of the assumptions of 'pay fors' such as repurposing unused COVID relief funds and using the savings generated by states that terminated unemployment insurance programs early,” the report reads. “There are no changes to corporate taxes, gas tax fees, or fees on electric vehicles.”\nIn any case, Congress is set to have a busy fall season. BofA proposed a timeline of the infrastructure bill being signed into law by the end of August with the budget reconciliation passing in late-October. Congress will need to pass a continuing resolution by Sept. 30 as well asface the debt ceilingby mid-to-late fall.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3569,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897057713,"gmtCreate":1628864571532,"gmtModify":1633688891364,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/897057713","repostId":"1145520538","repostType":4,"repost":{"id":"1145520538","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":1628863577,"share":"https://www.laohunote.com/m/news/1145520538?lang=zh_CN&edition=full","pubTime":"2021-08-13 22:06","market":"us","language":"en","title":"SoFi shares tumbled more than 14% in early trading.<blockquote>SoFi 股价早盘下跌超过 14%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145520538","media":"Tiger Newspress","summary":"SoFi shares tumbled more than 14% in early trading.\nThe company reported a second-quarter net loss o","content":"<p>SoFi&nbsp;shares&nbsp;tumbled&nbsp;more&nbsp;than&nbsp;14%&nbsp;in&nbsp;early&nbsp;trading.</p><p><blockquote>SoFi 股价早盘下跌超过 14%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ba9d52e1cfc7935c2fe253aab7d8907b\" tg-width=\"893\" tg-height=\"598\" referrerpolicy=\"no-referrer\">The company reported a second-quarter net loss of $165.3 million, or 48 cents a share, whereas it recorded net income of $7.8 million a year earlier. Analysts tracked by FactSet were anticipating a 6-cent loss per share.</p><p><blockquote>该公司公布第二季度净亏损1.653亿美元，即每股48美分，而去年同期净利润为780万美元。FactSet 追踪的分析师预计每股亏损 6 美分。</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>SoFi shares tumbled more than 14% in early trading.<blockquote>SoFi 股价早盘下跌超过 14%。</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\">\nSoFi shares tumbled more than 14% in early trading.<blockquote>SoFi 股价早盘下跌超过 14%。</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\">2021-08-13 22:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>SoFi&nbsp;shares&nbsp;tumbled&nbsp;more&nbsp;than&nbsp;14%&nbsp;in&nbsp;early&nbsp;trading.</p><p><blockquote>SoFi 股价早盘下跌超过 14%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ba9d52e1cfc7935c2fe253aab7d8907b\" tg-width=\"893\" tg-height=\"598\" referrerpolicy=\"no-referrer\">The company reported a second-quarter net loss of $165.3 million, or 48 cents a share, whereas it recorded net income of $7.8 million a year earlier. Analysts tracked by FactSet were anticipating a 6-cent loss per share.</p><p><blockquote>该公司公布第二季度净亏损1.653亿美元，即每股48美分，而去年同期净利润为780万美元。FactSet 追踪的分析师预计每股亏损 6 美分。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145520538","content_text":"SoFi shares tumbled more than 14% in early trading.\nThe company reported a second-quarter net loss of $165.3 million, or 48 cents a share, whereas it recorded net income of $7.8 million a year earlier. Analysts tracked by FactSet were anticipating a 6-cent loss per share.","news_type":1,"symbols_score_info":{"SOFI":0.9}},"isVote":1,"tweetType":1,"viewCount":2742,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897055473,"gmtCreate":1628864477792,"gmtModify":1633688892357,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/897055473","repostId":"1121308321","repostType":4,"isVote":1,"tweetType":1,"viewCount":2881,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890490021,"gmtCreate":1628126822163,"gmtModify":1633753345671,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/890490021","repostId":"2157483930","repostType":4,"isVote":1,"tweetType":1,"viewCount":2289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890932198,"gmtCreate":1628074570214,"gmtModify":1633753859652,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890932198","repostId":"1187165636","repostType":4,"isVote":1,"tweetType":1,"viewCount":2321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807179929,"gmtCreate":1628013470961,"gmtModify":1633754398100,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807179929","repostId":"1171505764","repostType":4,"isVote":1,"tweetType":1,"viewCount":2148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807170533,"gmtCreate":1628013396122,"gmtModify":1633754398443,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807170533","repostId":"1127822150","repostType":4,"isVote":1,"tweetType":1,"viewCount":898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805138388,"gmtCreate":1627864697544,"gmtModify":1633755871034,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805138388","repostId":"1170312436","repostType":4,"isVote":1,"tweetType":1,"viewCount":759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802521712,"gmtCreate":1627789732836,"gmtModify":1633756359623,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/802521712","repostId":"1153879814","repostType":4,"repost":{"id":"1153879814","kind":"news","pubTimestamp":1627784753,"share":"https://www.laohunote.com/m/news/1153879814?lang=zh_CN&edition=full","pubTime":"2021-08-01 10:25","market":"sg","language":"en","title":"SIA, SIAE, Singtel potential candidates for company restructuring: Maybank<blockquote>SIA、SIAE、Singtel 公司重组的潜在候选者：马来亚银行</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153879814","media":"Singapore Business","summary":"Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play f","content":"<p>  <b><i>Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?</i></b>  Drivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore &amp; Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.</p><p><blockquote><b><i>谁将跟随SPH、吉宝和胜科的公司重组步骤？</i></b>根据 Maybank Kim Eng 的一份报告，在新加坡报业控股公司 (SPH) 的重大重组计划以及吉宝近海与胜科海事有限公司可能合并之后，新加坡公司进行更多企业重组的驱动力正在发挥作用。</blockquote></p><p> According to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.</p><p><blockquote>报告称，催化这些重组的驱动因素仍在发挥作用，短期内不太可能消退。</blockquote></p><p> Some Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.</p><p><blockquote>马来亚银行点名的一些新加坡公司是公司重组的潜在候选人，包括新加坡电信、新加坡航空集团和新加坡航空航天工程师学会。</blockquote></p><p> Maybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.</p><p><blockquote>马来亚银行表示，新加坡电信目前正在探索审查其在联营公司和基础设施资产中的股份，以释放潜在价值。</blockquote></p><p> Continued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.</p><p><blockquote>持续疲软以及预计国际航空旅行复苏的较长准备时间可能会迫使新航和新航进行某些合理化。与此同时，像CityDev和UOL这样的大型开发商也有类似CAPL的可观开发业务。</blockquote></p><p></p>","source":"lsy1618986048053","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>SIA, SIAE, Singtel potential candidates for company restructuring: Maybank<blockquote>SIA、SIAE、Singtel 公司重组的潜在候选者：马来亚银行</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\">\nSIA, SIAE, Singtel potential candidates for company restructuring: Maybank<blockquote>SIA、SIAE、Singtel 公司重组的潜在候选者：马来亚银行</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Singapore Business</strong><span class=\"h-time small\">2021-08-01 10:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b><i>Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?</i></b>  Drivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore &amp; Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.</p><p><blockquote><b><i>谁将跟随SPH、吉宝和胜科的公司重组步骤？</i></b>根据 Maybank Kim Eng 的一份报告，在新加坡报业控股公司 (SPH) 的重大重组计划以及吉宝近海与胜科海事有限公司可能合并之后，新加坡公司进行更多企业重组的驱动力正在发挥作用。</blockquote></p><p> According to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.</p><p><blockquote>报告称，催化这些重组的驱动因素仍在发挥作用，短期内不太可能消退。</blockquote></p><p> Some Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.</p><p><blockquote>马来亚银行点名的一些新加坡公司是公司重组的潜在候选人，包括新加坡电信、新加坡航空集团和新加坡航空航天工程师学会。</blockquote></p><p> Maybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.</p><p><blockquote>马来亚银行表示，新加坡电信目前正在探索审查其在联营公司和基础设施资产中的股份，以释放潜在价值。</blockquote></p><p> Continued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.</p><p><blockquote>持续疲软以及预计国际航空旅行复苏的较长准备时间可能会迫使新航和新航进行某些合理化。与此同时，像CityDev和UOL这样的大型开发商也有类似CAPL的可观开发业务。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank\">Singapore Business</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":{"C6L.SI":"新加坡航空公司"},"source_url":"https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153879814","content_text":"Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore & Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.\nAccording to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.\nSome Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.\nMaybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.\nContinued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.","news_type":1,"symbols_score_info":{"C6L.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808412378,"gmtCreate":1627605808094,"gmtModify":1633757884004,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/808412378","repostId":"1149988833","repostType":4,"repost":{"id":"1149988833","kind":"news","pubTimestamp":1627605033,"share":"https://www.laohunote.com/m/news/1149988833?lang=zh_CN&edition=full","pubTime":"2021-07-30 08:30","market":"us","language":"en","title":"U.S. charges Nikola founder Trevor Milton with lying to investors<blockquote>美国指控尼古拉创始人特雷弗·米尔顿对投资者撒谎</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149988833","media":"Reuters","summary":"NEW YORK (Reuters) -Trevor Milton, the billionaire founder and former chief executive of Nikola Corp","content":"<p>NEW YORK (Reuters) -Trevor Milton, the billionaire founder and former chief executive of Nikola Corp, was criminally charged on Thursday with defrauding investors by lying to them about the electric- and hydrogen-powered truck maker.</p><p><blockquote>纽约（路透社） - 尼古拉公司 (Nikola Corp) 的亿万富翁创始人兼前首席执行官特雷弗·米尔顿 (Trevor Milton) 周四被刑事指控，罪名是向投资者撒谎有关这家电动和氢动力卡车制造商的信息，从而欺骗投资者。</blockquote></p><p> Milton, 39, pleaded not guilty at a hearing in Manhattan federal court to two counts of securities fraud and one count of wire fraud over statements he made from November 2019 to September 2020 about Nikola’s products and technology.</p><p><blockquote>39 岁的米尔顿在曼哈顿联邦法院的听证会上对两项证券欺诈指控和一项电信欺诈指控表示不认罪，因为他在 2019 年 11 月至 2020 年 9 月期间就尼古拉的产品和技术发表了言论。</blockquote></p><p> Authorities said Milton relied on a public relations blitz of social media posts as well as TV and podcast interviews to drive up Nikola’s stock price, become one of the world’s 100 richest people and “elevate” his stature as an entrepreneur.</p><p><blockquote>当局称，米尔顿依靠社交媒体帖子以及电视和播客采访的公关闪电战，推高了尼古拉的股价，成为全球 100 位最富有的人之一，并 “提升 ”了他作为企业家的地位。</blockquote></p><p> “Milton lied about nearly every aspect of the business,” U.S. Attorney Audrey Strauss in Manhattan said at a news conference. “Today’s criminal charges against Milton are where the rubber meets the road.”</p><p><blockquote>“曼哈顿联邦检察官奥黛丽-施特劳斯（Audrey Strauss）在新闻发布会上说：”米尔顿几乎在交易的方方面面都撒了谎。“今天对米尔顿的刑事指控是橡胶与道路的交汇处”。</blockquote></p><p> A judge allowed Milton to go free on $100 million bond, partially secured by two homes that the Oakley, Utah, resident owns.</p><p><blockquote>一名法官允许米尔顿以1亿美元的保释金获释，部分保释金由这位犹他州奥克利居民拥有的两套房屋担保。</blockquote></p><p> Each criminal count carries a maximum prison term of 20 or 25 years. The U.S. Securities and Exchange Commission filed related civil charges.</p><p><blockquote>每项刑事罪名最高可判处20年或25年监禁。美国证券交易委员会提出了相关民事指控。</blockquote></p><p> “Trevor is innocent,” Milton’s lawyer Marc Mukasey said in an email. “There was no fraud. We’re ready to fight this case at trial.”</p><p><blockquote>“米尔顿的律师马克-穆卡西（Marc Mukasey）在一封电子邮件中说：”特雷弗是无辜的。“没有欺诈行为。我们已准备好在审判中与此案抗争”。</blockquote></p><p> Nikola was not charged. It said in a statement it cooperated with the government and is focused on delivering Tre battery-electric trucks this year.</p><p><blockquote>尼古拉没有被起诉。该公司在一份声明中表示，已与政府合作，今年将重点交付Tre电池电动卡车。</blockquote></p><p> In afternoon trading, Nikola shares were down $1.43, or 10.1%, to $12.76, after falling as low as $12.60.</p><p><blockquote>下午交易中，Nikola 股价下跌 1.43 美元，跌幅 10.1%，至 12.76 美元，此前曾跌至 12.60 美元。</blockquote></p><p> WARY OF SHORT-SELLERS</p><p><blockquote>警惕卖空者</blockquote></p><p> The charges mark a steep downfall for Milton, who founded Phoenix-based Nikola in 2014 and was its CEO until June 2020, when it went public after merging with a special-purpose acquisition company, or SPAC.</p><p><blockquote>这些指控标志着米尔顿的急剧下降，他于 2014 年创立了总部位于凤凰城的 Nikola，并担任首席执行官，直到 2020 年 6 月，该公司在与一家特殊目的收购公司 (SPAC) 合并后上市。</blockquote></p><p> Milton stepped down as Nikola’s executive chairman last September, two weeks after short-seller Hindenburg Research labeled the company a “fraud” and said it made many misleading statements about its technology.</p><p><blockquote>去年 9 月，米尔顿辞去了尼古拉公司执行主席的职务，两周前，卖空者兴登堡研究公司（Hindenburg Research）将该公司称为 “骗局 ”，并称该公司对其技术发表了许多误导性言论。</blockquote></p><p> Prosecutors said Milton’s improper statements included that Nikola had built an electric- and hydrogen-powered “Badger” pickup from the “ground up,” developed batteries in-house that he knew it was purchasing elsewhere, and had early success in creating a “Nikola One” semi-truck he knew did not work.</p><p><blockquote>检察官说，米尔顿的不当言论包括尼古拉 “从零开始 ”制造了一辆电动和氢动力 “獾 ”皮卡，在内部开发了他知道电池是从其他地方购买的，并在早期成功制造了一辆他知道行不通的 “尼古拉一号 ”半挂卡车。</blockquote></p><p> Strauss said the closest the Nikola One ever came to driving was when company engineers rolled a prototype down a hill so it could be filmed for a commercial.</p><p><blockquote>施特劳斯说，尼古拉一号最接近驾驶的是公司工程师将一辆原型车滚下山坡，以便拍摄商业广告。</blockquote></p><p> The indictment said Milton also became preoccupied with keeping Nikola’s stock price high.</p><p><blockquote>起诉书称，米尔顿还一心想着让尼古拉的股价保持高位。</blockquote></p><p> It said that on March 2, 2020, the day before Nikola revealed it would go public, Milton emailed a board member that “(we) need to make sure we are getting retail investors on our side. That is what prevents the stock short selling. This is super important to me.”</p><p><blockquote>报告称，2020 年 3 月 2 日，也就是尼古拉透露将上市的前一天，米尔顿给一位董事会成员发了一封电子邮件，称“（我们）需要确保散户投资者站在我们这边。这就是防止股票卖空的原因。这对我来说非常重要”。</blockquote></p><p> The SEC said Milton targeted ordinary investors he called “Robinhood investors,” portraying himself as a “different” type of CEO who would be forthright about his trailblazing company.</p><p><blockquote>美国证券交易委员会称，米尔顿的目标是他称之为 “罗宾汉投资者 ”的普通投资者，将自己描绘成一个 “不同 ”类型的首席执行官，他会对自己的开创性公司直言不讳。</blockquote></p><p> “Corporate officers cannot say whatever they want on social media without regard for the federal securities laws,” SEC enforcement chief Gurbir Grewal said at the news conference.</p><p><blockquote>“美国证券交易委员会执法主管古比尔-格雷瓦尔（Gurbir Grewal）在新闻发布会上说：”企业高管不能在不考虑联邦证券法的情况下在社交媒体上随心所欲。</blockquote></p><p> Prosecutors said Milton’s Nikola stake was worth at least $8.5 billion soon after the announcements regarding the Badger.</p><p><blockquote>检察官称，在宣布有关獾的消息后不久，米尔顿持有的尼古拉股份价值至少 85 亿美元。</blockquote></p><p> Although Nikola’s share price has fallen more than 85% from its June 2020 peak, Milton is still worth $1.2 billion, Forbes magazine said on Thursday.</p><p><blockquote>《福布斯》杂志周四称，尽管尼古拉的股价较 2020 年 6 月的峰值下跌了 85% 以上，但米尔顿仍身价 12 亿美元。</blockquote></p><p> Tesla Inc is among Nikola’s rivals in the electric truck sector.</p><p><blockquote>特斯拉公司是尼古拉在电动卡车领域的竞争对手之一。</blockquote></p><p> Both companies’ names derive from Nikola Tesla, an inventor whose work included electric power, and Tesla CEO Elon Musk is now among the world’s richest people.</p><p><blockquote>两家公司的名字都源自尼古拉-特斯拉（Nikola Musk），他是一位发明家，工作包括电力，特斯拉首席执行官埃隆-马斯克（Elon Musk）现在是世界上最富有的人之一。</blockquote></p><p> In 2018, Musk and Tesla each agreed to pay $20 million in civil fines to settle SEC charges over a Musk tweet.</p><p><blockquote>2018年，马斯克和特斯拉各同意支付2000万美元的民事罚款，以解决美国证券交易委员会对马斯克一条推文的指控。</blockquote></p><p> ACCOUNTABILITY</p><p><blockquote>问责制</blockquote></p><p> Nikola initially denied Hindenburg’s accusations, but in February said a review by an outside law firm uncovered statements by Milton and the company that were partially or completely wrong.</p><p><blockquote>尼古拉最初否认了兴登堡的指控，但在二月份表示，一家外部律师事务所的审查发现，米尔顿和该公司的陈述部分或完全错误。</blockquote></p><p> “We commend regulators for acting expediently to protect investors and hold Milton accountable for his egregious lies,” Hindenburg founder Nathan Anderson said in a statement.</p><p><blockquote>“兴登堡创始人内森-安德森（Nathan Anderson）在一份声明中说：”我们赞扬监管机构采取了权宜之计，保护投资者，并追究米尔顿令人发指的谎言的责任。</blockquote></p><p> Hindenburg issued its report two days after General Motors Co agreed to supply batteries, chassis architecture, fuel cell systems and a factory for the Badger pickup, in exchange for an 11% Nikola stake and $700 million.</p><p><blockquote>兴登堡发布报告的两天前，通用汽车公司同意为 Badger 皮卡提供电池、底盘架构、燃料电池系统和工厂，以换取 Nikola 11% 的股份和 7 亿美元。</blockquote></p><p> The companies reworked that relationship last November, eliminating the equity stake and plans to build the truck.</p><p><blockquote>两家公司去年 11 月重新调整了这种关系，取消了股权并计划制造卡车。</blockquote></p><p> Stephen Girsky, a former GM vice chairman who ran the SPAC that merged with Nikola, replaced Milton as Nikola’s chairman.</p><p><blockquote>斯蒂芬-吉尔斯基（Stephen Girsky）是通用汽车前副董事长，他曾负责管理与尼古拉合并的 SPAC，他接替米尔顿担任尼古拉的董事长。</blockquote></p><p> SPACs are a faster way than initial public offerings to take private companies public.</p><p><blockquote>SPAC是一种比首次公开募股更快的私营公司上市方式。</blockquote></p><p></p><p> But critics say the process is prone to conflicts of interest and shoddy due diligence, and U.S. authorities have stepped up their scrutiny of SPACs.</p><p><blockquote>但批评人士表示，这一过程容易出现利益冲突和劣质尽职调查，美国当局已经加强了对 SPAC 的审查。</blockquote></p><p> Prosecutors and the SEC are also investigating electric pickup truck maker Lordstown Motors Corp, which went public last October, about the terms of its SPAC and its statements about vehicle pre-orders.</p><p><blockquote>检察官和美国证券交易委员会还在调查去年 10 月上市的电动皮卡制造商 Lordstown Motors Corp，了解其特殊目的收购公司 (SPAC) 的条款及其有关车辆预购的声明。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The U.S. Securities and Exchange Commission filed related civil charges.</p><p><blockquote>每项刑事罪名最高可判处20年或25年监禁。美国证券交易委员会提出了相关民事指控。</blockquote></p><p> “Trevor is innocent,” Milton’s lawyer Marc Mukasey said in an email. “There was no fraud. We’re ready to fight this case at trial.”</p><p><blockquote>“米尔顿的律师马克-穆卡西（Marc Mukasey）在一封电子邮件中说：”特雷弗是无辜的。“没有欺诈行为。我们已准备好在审判中与此案抗争”。</blockquote></p><p> Nikola was not charged. It said in a statement it cooperated with the government and is focused on delivering Tre battery-electric trucks this year.</p><p><blockquote>尼古拉没有被起诉。该公司在一份声明中表示，已与政府合作，今年将重点交付Tre电池电动卡车。</blockquote></p><p> In afternoon trading, Nikola shares were down $1.43, or 10.1%, to $12.76, after falling as low as $12.60.</p><p><blockquote>下午交易中，Nikola 股价下跌 1.43 美元，跌幅 10.1%，至 12.76 美元，此前曾跌至 12.60 美元。</blockquote></p><p> WARY OF SHORT-SELLERS</p><p><blockquote>警惕卖空者</blockquote></p><p> The charges mark a steep downfall for Milton, who founded Phoenix-based Nikola in 2014 and was its CEO until June 2020, when it went public after merging with a special-purpose acquisition company, or SPAC.</p><p><blockquote>这些指控标志着米尔顿的急剧下降，他于 2014 年创立了总部位于凤凰城的 Nikola，并担任首席执行官，直到 2020 年 6 月，该公司在与一家特殊目的收购公司 (SPAC) 合并后上市。</blockquote></p><p> Milton stepped down as Nikola’s executive chairman last September, two weeks after short-seller Hindenburg Research labeled the company a “fraud” and said it made many misleading statements about its technology.</p><p><blockquote>去年 9 月，米尔顿辞去了尼古拉公司执行主席的职务，两周前，卖空者兴登堡研究公司（Hindenburg Research）将该公司称为 “骗局 ”，并称该公司对其技术发表了许多误导性言论。</blockquote></p><p> Prosecutors said Milton’s improper statements included that Nikola had built an electric- and hydrogen-powered “Badger” pickup from the “ground up,” developed batteries in-house that he knew it was purchasing elsewhere, and had early success in creating a “Nikola One” semi-truck he knew did not work.</p><p><blockquote>检察官说，米尔顿的不当言论包括尼古拉 “从零开始 ”制造了一辆电动和氢动力 “獾 ”皮卡，在内部开发了他知道电池是从其他地方购买的，并在早期成功制造了一辆他知道行不通的 “尼古拉一号 ”半挂卡车。</blockquote></p><p> Strauss said the closest the Nikola One ever came to driving was when company engineers rolled a prototype down a hill so it could be filmed for a commercial.</p><p><blockquote>施特劳斯说，尼古拉一号最接近驾驶的是公司工程师将一辆原型车滚下山坡，以便拍摄商业广告。</blockquote></p><p> The indictment said Milton also became preoccupied with keeping Nikola’s stock price high.</p><p><blockquote>起诉书称，米尔顿还一心想着让尼古拉的股价保持高位。</blockquote></p><p> It said that on March 2, 2020, the day before Nikola revealed it would go public, Milton emailed a board member that “(we) need to make sure we are getting retail investors on our side. That is what prevents the stock short selling. This is super important to me.”</p><p><blockquote>报告称，2020 年 3 月 2 日，也就是尼古拉透露将上市的前一天，米尔顿给一位董事会成员发了一封电子邮件，称“（我们）需要确保散户投资者站在我们这边。这就是防止股票卖空的原因。这对我来说非常重要”。</blockquote></p><p> The SEC said Milton targeted ordinary investors he called “Robinhood investors,” portraying himself as a “different” type of CEO who would be forthright about his trailblazing company.</p><p><blockquote>美国证券交易委员会称，米尔顿的目标是他称之为 “罗宾汉投资者 ”的普通投资者，将自己描绘成一个 “不同 ”类型的首席执行官，他会对自己的开创性公司直言不讳。</blockquote></p><p> “Corporate officers cannot say whatever they want on social media without regard for the federal securities laws,” SEC enforcement chief Gurbir Grewal said at the news conference.</p><p><blockquote>“美国证券交易委员会执法主管古比尔-格雷瓦尔（Gurbir Grewal）在新闻发布会上说：”企业高管不能在不考虑联邦证券法的情况下在社交媒体上随心所欲。</blockquote></p><p> Prosecutors said Milton’s Nikola stake was worth at least $8.5 billion soon after the announcements regarding the Badger.</p><p><blockquote>检察官称，在宣布有关獾的消息后不久，米尔顿持有的尼古拉股份价值至少 85 亿美元。</blockquote></p><p> Although Nikola’s share price has fallen more than 85% from its June 2020 peak, Milton is still worth $1.2 billion, Forbes magazine said on Thursday.</p><p><blockquote>《福布斯》杂志周四称，尽管尼古拉的股价较 2020 年 6 月的峰值下跌了 85% 以上，但米尔顿仍身价 12 亿美元。</blockquote></p><p> Tesla Inc is among Nikola’s rivals in the electric truck sector.</p><p><blockquote>特斯拉公司是尼古拉在电动卡车领域的竞争对手之一。</blockquote></p><p> Both companies’ names derive from Nikola Tesla, an inventor whose work included electric power, and Tesla CEO Elon Musk is now among the world’s richest people.</p><p><blockquote>两家公司的名字都源自尼古拉-特斯拉（Nikola Musk），他是一位发明家，工作包括电力，特斯拉首席执行官埃隆-马斯克（Elon Musk）现在是世界上最富有的人之一。</blockquote></p><p> In 2018, Musk and Tesla each agreed to pay $20 million in civil fines to settle SEC charges over a Musk tweet.</p><p><blockquote>2018年，马斯克和特斯拉各同意支付2000万美元的民事罚款，以解决美国证券交易委员会对马斯克一条推文的指控。</blockquote></p><p> ACCOUNTABILITY</p><p><blockquote>问责制</blockquote></p><p> Nikola initially denied Hindenburg’s accusations, but in February said a review by an outside law firm uncovered statements by Milton and the company that were partially or completely wrong.</p><p><blockquote>尼古拉最初否认了兴登堡的指控，但在二月份表示，一家外部律师事务所的审查发现，米尔顿和该公司的陈述部分或完全错误。</blockquote></p><p> “We commend regulators for acting expediently to protect investors and hold Milton accountable for his egregious lies,” Hindenburg founder Nathan Anderson said in a statement.</p><p><blockquote>“兴登堡创始人内森-安德森（Nathan Anderson）在一份声明中说：”我们赞扬监管机构采取了权宜之计，保护投资者，并追究米尔顿令人发指的谎言的责任。</blockquote></p><p> Hindenburg issued its report two days after General Motors Co agreed to supply batteries, chassis architecture, fuel cell systems and a factory for the Badger pickup, in exchange for an 11% Nikola stake and $700 million.</p><p><blockquote>兴登堡发布报告的两天前，通用汽车公司同意为 Badger 皮卡提供电池、底盘架构、燃料电池系统和工厂，以换取 Nikola 11% 的股份和 7 亿美元。</blockquote></p><p> The companies reworked that relationship last November, eliminating the equity stake and plans to build the truck.</p><p><blockquote>两家公司去年 11 月重新调整了这种关系，取消了股权并计划制造卡车。</blockquote></p><p> Stephen Girsky, a former GM vice chairman who ran the SPAC that merged with Nikola, replaced Milton as Nikola’s chairman.</p><p><blockquote>斯蒂芬-吉尔斯基（Stephen Girsky）是通用汽车前副董事长，他曾负责管理与尼古拉合并的 SPAC，他接替米尔顿担任尼古拉的董事长。</blockquote></p><p> SPACs are a faster way than initial public offerings to take private companies public.</p><p><blockquote>SPAC是一种比首次公开募股更快的私营公司上市方式。</blockquote></p><p></p><p> But critics say the process is prone to conflicts of interest and shoddy due diligence, and U.S. authorities have stepped up their scrutiny of SPACs.</p><p><blockquote>但批评人士表示，这一过程容易出现利益冲突和劣质尽职调查，美国当局已经加强了对 SPAC 的审查。</blockquote></p><p> Prosecutors and the SEC are also investigating electric pickup truck maker Lordstown Motors Corp, which went public last October, about the terms of its SPAC and its statements about vehicle pre-orders.</p><p><blockquote>检察官和美国证券交易委员会还在调查去年 10 月上市的电动皮卡制造商 Lordstown Motors Corp，了解其特殊目的收购公司 (SPAC) 的条款及其有关车辆预购的声明。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/nikola-milton-indictment/update-9-u-s-charges-nikola-founder-trevor-milton-with-lying-to-investors-idUSL1N2P529W\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/nikola-milton-indictment/update-9-u-s-charges-nikola-founder-trevor-milton-with-lying-to-investors-idUSL1N2P529W","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149988833","content_text":"NEW YORK (Reuters) -Trevor Milton, the billionaire founder and former chief executive of Nikola Corp, was criminally charged on Thursday with defrauding investors by lying to them about the electric- and hydrogen-powered truck maker.\nMilton, 39, pleaded not guilty at a hearing in Manhattan federal court to two counts of securities fraud and one count of wire fraud over statements he made from November 2019 to September 2020 about Nikola’s products and technology.\nAuthorities said Milton relied on a public relations blitz of social media posts as well as TV and podcast interviews to drive up Nikola’s stock price, become one of the world’s 100 richest people and “elevate” his stature as an entrepreneur.\n“Milton lied about nearly every aspect of the business,” U.S. Attorney Audrey Strauss in Manhattan said at a news conference. “Today’s criminal charges against Milton are where the rubber meets the road.”\nA judge allowed Milton to go free on $100 million bond, partially secured by two homes that the Oakley, Utah, resident owns.\nEach criminal count carries a maximum prison term of 20 or 25 years. The U.S. Securities and Exchange Commission filed related civil charges.\n“Trevor is innocent,” Milton’s lawyer Marc Mukasey said in an email. “There was no fraud. We’re ready to fight this case at trial.”\nNikola was not charged. It said in a statement it cooperated with the government and is focused on delivering Tre battery-electric trucks this year.\nIn afternoon trading, Nikola shares were down $1.43, or 10.1%, to $12.76, after falling as low as $12.60.\nWARY OF SHORT-SELLERS\nThe charges mark a steep downfall for Milton, who founded Phoenix-based Nikola in 2014 and was its CEO until June 2020, when it went public after merging with a special-purpose acquisition company, or SPAC.\nMilton stepped down as Nikola’s executive chairman last September, two weeks after short-seller Hindenburg Research labeled the company a “fraud” and said it made many misleading statements about its technology.\nProsecutors said Milton’s improper statements included that Nikola had built an electric- and hydrogen-powered “Badger” pickup from the “ground up,” developed batteries in-house that he knew it was purchasing elsewhere, and had early success in creating a “Nikola One” semi-truck he knew did not work.\nStrauss said the closest the Nikola One ever came to driving was when company engineers rolled a prototype down a hill so it could be filmed for a commercial.\nThe indictment said Milton also became preoccupied with keeping Nikola’s stock price high.\nIt said that on March 2, 2020, the day before Nikola revealed it would go public, Milton emailed a board member that “(we) need to make sure we are getting retail investors on our side. That is what prevents the stock short selling. This is super important to me.”\nThe SEC said Milton targeted ordinary investors he called “Robinhood investors,” portraying himself as a “different” type of CEO who would be forthright about his trailblazing company.\n“Corporate officers cannot say whatever they want on social media without regard for the federal securities laws,” SEC enforcement chief Gurbir Grewal said at the news conference.\nProsecutors said Milton’s Nikola stake was worth at least $8.5 billion soon after the announcements regarding the Badger.\nAlthough Nikola’s share price has fallen more than 85% from its June 2020 peak, Milton is still worth $1.2 billion, Forbes magazine said on Thursday.\nTesla Inc is among Nikola’s rivals in the electric truck sector.\nBoth companies’ names derive from Nikola Tesla, an inventor whose work included electric power, and Tesla CEO Elon Musk is now among the world’s richest people.\nIn 2018, Musk and Tesla each agreed to pay $20 million in civil fines to settle SEC charges over a Musk tweet.\nACCOUNTABILITY\nNikola initially denied Hindenburg’s accusations, but in February said a review by an outside law firm uncovered statements by Milton and the company that were partially or completely wrong.\n“We commend regulators for acting expediently to protect investors and hold Milton accountable for his egregious lies,” Hindenburg founder Nathan Anderson said in a statement.\nHindenburg issued its report two days after General Motors Co agreed to supply batteries, chassis architecture, fuel cell systems and a factory for the Badger pickup, in exchange for an 11% Nikola stake and $700 million.\nThe companies reworked that relationship last November, eliminating the equity stake and plans to build the truck.\nStephen Girsky, a former GM vice chairman who ran the SPAC that merged with Nikola, replaced Milton as Nikola’s chairman.\nSPACs are a faster way than initial public offerings to take private companies public.\nBut critics say the process is prone to conflicts of interest and shoddy due diligence, and U.S. authorities have stepped up their scrutiny of SPACs.\nProsecutors and the SEC are also investigating electric pickup truck maker Lordstown Motors Corp, which went public last October, about the terms of its SPAC and its statements about vehicle pre-orders.","news_type":1,"symbols_score_info":{"NKLA":0.9}},"isVote":1,"tweetType":1,"viewCount":851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801819003,"gmtCreate":1627506454302,"gmtModify":1633764439261,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801819003","repostId":"1179923360","repostType":4,"isVote":1,"tweetType":1,"viewCount":1220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801310561,"gmtCreate":1627482378653,"gmtModify":1633764568602,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/801310561","repostId":"1102922788","repostType":4,"repost":{"id":"1102922788","kind":"news","pubTimestamp":1627479526,"share":"https://www.laohunote.com/m/news/1102922788?lang=zh_CN&edition=full","pubTime":"2021-07-28 21:38","market":"us","language":"en","title":"Fed Meeting Will Focus on Tapering Timeline.<blockquote>美联储会议将重点讨论缩减规模的时间表。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102922788","media":"The Wall Street Journal","summary":"Officials are looking to forge consensus on how and when to eventually reduce their asset purchases\n","content":"<p>Officials are looking to forge consensus on how and when to eventually reduce their asset purchases</p><p><blockquote>官员们正在寻求就如何以及何时最终减少资产购买达成共识</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b506b5e7aef3659e57731a13007a3078\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Fed Chairman Jerome Powell, who spoke at a Senate committee hearing earlier this month, has promised ample notice before reducing purchases of securities.</span></p><p><blockquote><p class=\"t-img-caption\"><span>美联储主席杰罗姆·鲍威尔本月早些时候在参议院委员会听证会上发表讲话，承诺在减少证券购买之前会给予充分的通知。</span></p></blockquote></p><p> Federal Reserve officials are set to resume deliberations Wednesday about how and when to begin&nbsp;paring their asset purchases&nbsp;amid an economic rebound clouded by supply-chain bottlenecks and rising Covid-19 cases.</p><p><blockquote>美联储官员将于周三恢复讨论如何以及何时开始削减资产购买，因为经济反弹受到供应链瓶颈和 Covid-19 病例增加的影响。</blockquote></p><p> The central bank at the end of last year said it would continue to purchase $120 billion in Treasurys and mortgage-backed securities monthly until officials deemed they had achieved “substantial further progress” toward their goals of low unemployment and inflation reaching their 2% goal.</p><p><blockquote>中央银行在去年年底表示，将继续每月购买 1200 亿美元的国债和抵押贷款支持证券，直到官员们认为他们在实现低失业率和通胀率达到 2% 的目标方面取得了 “实质性的进一步进展”。</blockquote></p><p> The Fed will release its policy statement at 2 p.m. EDT. Most of the focus is likely to center on Chairman Jerome Powell’s news conference at 2:30 p.m. Here’s what to watch:</p><p><blockquote>美联储将于美国东部时间下午2点发布政策声明。下午 2:30，杰罗姆-鲍威尔（Jerome Powell）主席的新闻发布会将成为大部分焦点：</blockquote></p><p> <b>Taper timing</b></p><p><blockquote><b>锥度定时</b></blockquote></p><p> Officials are likely to receive a formal staff briefing around when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them.</p><p><blockquote>官员们可能会收到一份正式的员工简报，内容涉及何时开始削减每月购买的 800 亿美元国债和 400 亿美元抵押贷款证券，以及如何快速减少或缩减这些证券。</blockquote></p><p> The Fed began buying large quantities of the securities in March 2020, when the Covid-19 pandemic triggered a near-meltdown in financial markets. With the Fed’s short-term interest rate at zero, the purchases are designed to provide additional stimulus by holding down long-term interest rates.</p><p><blockquote>美联储于 2020 年 3 月开始购买大量证券，当时 Covid-19 大流行引发了金融市场近乎崩溃。由于美联储的短期利率为零，这些购买旨在通过压低长期利率来提供额外的刺激。</blockquote></p><p> Some officials are concerned&nbsp;that a burst of inflation this year from bottlenecks associated with reopening the economy will prove more durable than previously anticipated. These policy makers are eager to start the taper, in part because they and their colleagues have said they aren’t likely to consider raising interest rates from near zero until they are done tapering the asset purchases.</p><p><blockquote>一些官员担心，今年因经济重新开放相关的瓶颈而爆发的通胀将比之前预期的更持久。这些政策制定者急于开始缩减利率，部分原因是他们和他们的同事们表示，在缩减资产购买规模之前，他们不太可能考虑从接近于零的利率上调利率。</blockquote></p><p> Another camp thinks recent&nbsp;price pressures will subside&nbsp;and could leave the Fed in the same position that it faced for much of the past decade, in which global forces kept inflation below 2% even with historically low interest rates. They are worried that accelerating plans to wind down the asset purchases could raise questions among investors about the Fed’s commitment to achieving its economic goals.</p><p><blockquote>另一个阵营认为，最近的价格压力将会消退，并可能使美联储处于过去十年大部分时间所面临的同样境地，当时全球力量即使利率处于历史低位，也将通胀率保持在 2% 以下。他们担心，加速缩减资产购买计划可能会让投资者对美联储实现经济目标的承诺产生质疑。</blockquote></p><p> Because Mr. Powell has pledged&nbsp;to provide ample notice&nbsp;to financial markets before the Fed starts tapering&nbsp;to avoid catching investors by surprise, the central bank looks unlikely to start the process now or at its next meeting in September. Mr. Powell’s press conference will be heavily scrutinized for clues on how officials judge recent economic progress. In April, he said the Fed was “a long way from” its tapering goals, and he characterized the economy as “still a ways off” from them in June.</p><p><blockquote>由于鲍威尔承诺在美联储开始缩减规模之前向金融市场提供充分通知，以避免让投资者措手不及，因此美联储现在或9月份的下次会议上似乎不太可能启动这一进程。鲍威尔先生的新闻发布会将受到严格审查，以寻找官员们如何判断近期经济进展的线索。今年 4 月，他表示美联储 “距离 ”缩减规模的目标还有很长的路要走，他认为经济在 6 月份离这些目标 “还有很长的路要走”。</blockquote></p><p> <b>Purchase pace</b></p><p><blockquote><b>采购速度</b></blockquote></p><p> Officials also must consider the pace of any reductions. Some officials have discussed concluding the purchases around October 2022 so they could lift rates soon thereafter if the recovery is stronger or inflation is higher than now anticipated.</p><p><blockquote>官员们还必须考虑任何削减的步伐。一些官员已讨论在 2022 年 10 月左右结束购买，以便如果经济复苏更强劲或通胀高于目前预期，他们可能会在此后不久加息。</blockquote></p><p> During a prior asset-purchase program that ended in 2014, the Fed shrank its purchases in modest, equal amounts over the course of 10 months. It then waited another 14 months before raising interest rates.</p><p><blockquote>在 2014 年结束的之前的资产购买计划中，美联储在 10 个月内适度、等量地缩减了购买规模。然后它又等了14个月才加息。</blockquote></p><p> Another tactical question centers on whether&nbsp;to reduce the pace of Treasurys and mortgage-backed securities equally. Some officials have raised concerns about rising home prices and are pressing to stop purchases of mortgage bonds sooner.</p><p><blockquote>另一个战术性问题集中在是否同样放慢国债和抵押贷款支持证券的步伐上。一些官员对房价上涨表示担忧，并敦促尽快停止购买抵押贷款债券。</blockquote></p><p> But Mr. Powell and other officials have poured cold water on those concerns in recent weeks. They have said mortgage buying, by purchasing longer-dated assets, provides a way to more broadly stimulate the economy and isn’t focused squarely on housing markets.</p><p><blockquote>但鲍威尔和其他官员最近几周对这些担忧泼了一盆冷水。他们表示，通过购买期限较长的资产，抵押贷款购买提供了一种更广泛地刺激经济的方式，并不完全关注房地产市场。</blockquote></p><p> “If the housing market has you really worried, that’s an argument for just tapering everything sooner and faster,” said William English, a former senior Fed economist who is now a professor at the Yale School of Management.</p><p><blockquote>“前美联储高级经济学家、现任耶鲁大学管理学院教授威廉-英格利希（William English）说：”如果房地产市场真的让你担心，那么这就是一个更快更快地缩减一切规模的理由。</blockquote></p><p> <b>Inflation outlook</b></p><p><blockquote><b>通货膨胀前景</b></blockquote></p><p> For a third straight month in June,inflation ran hotter&nbsp;than many economists had expected. The Labor Department’s consumer-price index increased 5.4% from a year ago, the highest 12-month rate since August 2008.</p><p><blockquote>6月份，通胀连续第三个月高于许多经济学家的预期。劳工部的消费者价格指数比一年前上涨了 5.4%，是自 2008 年 8 月以来的最高 12 个月涨幅。</blockquote></p><p> Mr. Powell said two weeks ago that&nbsp;many of the elevated price pressures&nbsp;can still be traced to goods and services affected by supply-chain bottlenecks and other pandemic-driven upheaval. As a result, he said it would be too soon for the Fed to abandon its earlier expectation that prices will return to their 2% target on their own and to raise rates to cool down demand and reduce inflation faster.</p><p><blockquote>鲍威尔两周前表示，许多价格上涨的压力仍然可以追溯到受供应链瓶颈和其他疫情引发的动荡影响的商品和服务。因此，他表示，美联储现在放弃早些时候的预期，即价格将自行回到2%的目标，并加息以冷却需求并更快地降低通胀，还为时过早。</blockquote></p><p></p><p> But Mr. Powell could face questions over how long the central bank and its 12-member rate-setting committee feels it would take to revisit their projections. Price pressures in some sectors of the economy where inflation had been subdued over the past year, including residential rents, have picked in recent months.</p><p><blockquote>但鲍威尔可能会面临美联储及其12名成员组成的利率制定委员会认为需要多长时间才能重新审视其预测的问题。近几个月来，包括住宅租金在内的一些经济领域的价格压力有所加剧，这些领域的通胀在过去一年中得到了抑制。</blockquote></p><p> <b>Delta variant</b></p><p><blockquote><b>德尔塔变异毒株</b></blockquote></p><p> Mr. Powell is also likely to be pressed on how the recent increase in Covid-19 cases among unvaccinated populations could reshape the central bank’s growth forecasts for the rest of the year. While a return to shutdowns and other state-mandated restrictions on activity seem less likely than a year ago, increased hesitancy on the part of consumers to return to normal spending routines could complicate the economic outlook.</p><p><blockquote>鲍威尔先生还可能面临压力，即最近未接种疫苗人群中 Covid-19 病例的增加会如何重塑央行对今年剩余时间的增长预测。虽然恢复停工和其他国家强制的活动限制的可能性似乎比一年前小，但消费者对恢复正常消费日常越来越犹豫可能会使经济前景复杂化。</blockquote></p><p> Since Fed officials last met in June, government-bond prices have jumped, a sign that investors are less confident about long-term growth prospects and less worried about inflation.</p><p><blockquote>自美联储官员上次于 6 月份开会以来，政府债券价格大幅上涨，这表明投资者对长期增长前景的信心减少，对通胀的担忧也减少了。</blockquote></p><p> Yields, which rise when bond prices fall, climbed sharply earlier in the year, lifted by expectations that vaccinations and fiscal stimulus would spur an economic boom. After hitting a 13-month high of 1.75% at the end of March, the 10-year Treasury yield has declined—to 1.57% on June 16, after the Fed concluded its previous meeting, and to 1.24%, a five-month low, when the Fed’s meeting began on Tuesday.</p><p><blockquote>当债券价格下跌时，收益率会上升，但今年早些时候，由于疫苗接种和财政刺激将刺激经济繁荣的预期，收益率大幅攀升。10 年期国债收益率在 3 月底触及 1.75% 的 13 个月高点后有所下降--6 月 16 日美联储结束上次会议后降至 1.57%，周二美联储会议开始时降至 1.24%，创下五个月低点。</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>Fed Meeting Will Focus on Tapering Timeline.<blockquote>美联储会议将重点讨论缩减规模的时间表。</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\">\nFed Meeting Will Focus on Tapering Timeline.<blockquote>美联储会议将重点讨论缩减规模的时间表。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-07-28 21:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Officials are looking to forge consensus on how and when to eventually reduce their asset purchases</p><p><blockquote>官员们正在寻求就如何以及何时最终减少资产购买达成共识</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b506b5e7aef3659e57731a13007a3078\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Fed Chairman Jerome Powell, who spoke at a Senate committee hearing earlier this month, has promised ample notice before reducing purchases of securities.</span></p><p><blockquote><p class=\"t-img-caption\"><span>美联储主席杰罗姆·鲍威尔本月早些时候在参议院委员会听证会上发表讲话，承诺在减少证券购买之前会给予充分的通知。</span></p></blockquote></p><p> Federal Reserve officials are set to resume deliberations Wednesday about how and when to begin&nbsp;paring their asset purchases&nbsp;amid an economic rebound clouded by supply-chain bottlenecks and rising Covid-19 cases.</p><p><blockquote>美联储官员将于周三恢复讨论如何以及何时开始削减资产购买，因为经济反弹受到供应链瓶颈和 Covid-19 病例增加的影响。</blockquote></p><p> The central bank at the end of last year said it would continue to purchase $120 billion in Treasurys and mortgage-backed securities monthly until officials deemed they had achieved “substantial further progress” toward their goals of low unemployment and inflation reaching their 2% goal.</p><p><blockquote>中央银行在去年年底表示，将继续每月购买 1200 亿美元的国债和抵押贷款支持证券，直到官员们认为他们在实现低失业率和通胀率达到 2% 的目标方面取得了 “实质性的进一步进展”。</blockquote></p><p> The Fed will release its policy statement at 2 p.m. EDT. Most of the focus is likely to center on Chairman Jerome Powell’s news conference at 2:30 p.m. Here’s what to watch:</p><p><blockquote>美联储将于美国东部时间下午2点发布政策声明。下午 2:30，杰罗姆-鲍威尔（Jerome Powell）主席的新闻发布会将成为大部分焦点：</blockquote></p><p> <b>Taper timing</b></p><p><blockquote><b>锥度定时</b></blockquote></p><p> Officials are likely to receive a formal staff briefing around when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them.</p><p><blockquote>官员们可能会收到一份正式的员工简报，内容涉及何时开始削减每月购买的 800 亿美元国债和 400 亿美元抵押贷款证券，以及如何快速减少或缩减这些证券。</blockquote></p><p> The Fed began buying large quantities of the securities in March 2020, when the Covid-19 pandemic triggered a near-meltdown in financial markets. With the Fed’s short-term interest rate at zero, the purchases are designed to provide additional stimulus by holding down long-term interest rates.</p><p><blockquote>美联储于 2020 年 3 月开始购买大量证券，当时 Covid-19 大流行引发了金融市场近乎崩溃。由于美联储的短期利率为零，这些购买旨在通过压低长期利率来提供额外的刺激。</blockquote></p><p> Some officials are concerned&nbsp;that a burst of inflation this year from bottlenecks associated with reopening the economy will prove more durable than previously anticipated. These policy makers are eager to start the taper, in part because they and their colleagues have said they aren’t likely to consider raising interest rates from near zero until they are done tapering the asset purchases.</p><p><blockquote>一些官员担心，今年因经济重新开放相关的瓶颈而爆发的通胀将比之前预期的更持久。这些政策制定者急于开始缩减利率，部分原因是他们和他们的同事们表示，在缩减资产购买规模之前，他们不太可能考虑从接近于零的利率上调利率。</blockquote></p><p> Another camp thinks recent&nbsp;price pressures will subside&nbsp;and could leave the Fed in the same position that it faced for much of the past decade, in which global forces kept inflation below 2% even with historically low interest rates. They are worried that accelerating plans to wind down the asset purchases could raise questions among investors about the Fed’s commitment to achieving its economic goals.</p><p><blockquote>另一个阵营认为，最近的价格压力将会消退，并可能使美联储处于过去十年大部分时间所面临的同样境地，当时全球力量即使利率处于历史低位，也将通胀率保持在 2% 以下。他们担心，加速缩减资产购买计划可能会让投资者对美联储实现经济目标的承诺产生质疑。</blockquote></p><p> Because Mr. Powell has pledged&nbsp;to provide ample notice&nbsp;to financial markets before the Fed starts tapering&nbsp;to avoid catching investors by surprise, the central bank looks unlikely to start the process now or at its next meeting in September. Mr. Powell’s press conference will be heavily scrutinized for clues on how officials judge recent economic progress. In April, he said the Fed was “a long way from” its tapering goals, and he characterized the economy as “still a ways off” from them in June.</p><p><blockquote>由于鲍威尔承诺在美联储开始缩减规模之前向金融市场提供充分通知，以避免让投资者措手不及，因此美联储现在或9月份的下次会议上似乎不太可能启动这一进程。鲍威尔先生的新闻发布会将受到严格审查，以寻找官员们如何判断近期经济进展的线索。今年 4 月，他表示美联储 “距离 ”缩减规模的目标还有很长的路要走，他认为经济在 6 月份离这些目标 “还有很长的路要走”。</blockquote></p><p> <b>Purchase pace</b></p><p><blockquote><b>采购速度</b></blockquote></p><p> Officials also must consider the pace of any reductions. Some officials have discussed concluding the purchases around October 2022 so they could lift rates soon thereafter if the recovery is stronger or inflation is higher than now anticipated.</p><p><blockquote>官员们还必须考虑任何削减的步伐。一些官员已讨论在 2022 年 10 月左右结束购买，以便如果经济复苏更强劲或通胀高于目前预期，他们可能会在此后不久加息。</blockquote></p><p> During a prior asset-purchase program that ended in 2014, the Fed shrank its purchases in modest, equal amounts over the course of 10 months. It then waited another 14 months before raising interest rates.</p><p><blockquote>在 2014 年结束的之前的资产购买计划中，美联储在 10 个月内适度、等量地缩减了购买规模。然后它又等了14个月才加息。</blockquote></p><p> Another tactical question centers on whether&nbsp;to reduce the pace of Treasurys and mortgage-backed securities equally. Some officials have raised concerns about rising home prices and are pressing to stop purchases of mortgage bonds sooner.</p><p><blockquote>另一个战术性问题集中在是否同样放慢国债和抵押贷款支持证券的步伐上。一些官员对房价上涨表示担忧，并敦促尽快停止购买抵押贷款债券。</blockquote></p><p> But Mr. Powell and other officials have poured cold water on those concerns in recent weeks. They have said mortgage buying, by purchasing longer-dated assets, provides a way to more broadly stimulate the economy and isn’t focused squarely on housing markets.</p><p><blockquote>但鲍威尔和其他官员最近几周对这些担忧泼了一盆冷水。他们表示，通过购买期限较长的资产，抵押贷款购买提供了一种更广泛地刺激经济的方式，并不完全关注房地产市场。</blockquote></p><p> “If the housing market has you really worried, that’s an argument for just tapering everything sooner and faster,” said William English, a former senior Fed economist who is now a professor at the Yale School of Management.</p><p><blockquote>“前美联储高级经济学家、现任耶鲁大学管理学院教授威廉-英格利希（William English）说：”如果房地产市场真的让你担心，那么这就是一个更快更快地缩减一切规模的理由。</blockquote></p><p> <b>Inflation outlook</b></p><p><blockquote><b>通货膨胀前景</b></blockquote></p><p> For a third straight month in June,inflation ran hotter&nbsp;than many economists had expected. The Labor Department’s consumer-price index increased 5.4% from a year ago, the highest 12-month rate since August 2008.</p><p><blockquote>6月份，通胀连续第三个月高于许多经济学家的预期。劳工部的消费者价格指数比一年前上涨了 5.4%，是自 2008 年 8 月以来的最高 12 个月涨幅。</blockquote></p><p> Mr. Powell said two weeks ago that&nbsp;many of the elevated price pressures&nbsp;can still be traced to goods and services affected by supply-chain bottlenecks and other pandemic-driven upheaval. As a result, he said it would be too soon for the Fed to abandon its earlier expectation that prices will return to their 2% target on their own and to raise rates to cool down demand and reduce inflation faster.</p><p><blockquote>鲍威尔两周前表示，许多价格上涨的压力仍然可以追溯到受供应链瓶颈和其他疫情引发的动荡影响的商品和服务。因此，他表示，美联储现在放弃早些时候的预期，即价格将自行回到2%的目标，并加息以冷却需求并更快地降低通胀，还为时过早。</blockquote></p><p></p><p> But Mr. Powell could face questions over how long the central bank and its 12-member rate-setting committee feels it would take to revisit their projections. Price pressures in some sectors of the economy where inflation had been subdued over the past year, including residential rents, have picked in recent months.</p><p><blockquote>但鲍威尔可能会面临美联储及其12名成员组成的利率制定委员会认为需要多长时间才能重新审视其预测的问题。近几个月来，包括住宅租金在内的一些经济领域的价格压力有所加剧，这些领域的通胀在过去一年中得到了抑制。</blockquote></p><p> <b>Delta variant</b></p><p><blockquote><b>德尔塔变异毒株</b></blockquote></p><p> Mr. Powell is also likely to be pressed on how the recent increase in Covid-19 cases among unvaccinated populations could reshape the central bank’s growth forecasts for the rest of the year. While a return to shutdowns and other state-mandated restrictions on activity seem less likely than a year ago, increased hesitancy on the part of consumers to return to normal spending routines could complicate the economic outlook.</p><p><blockquote>鲍威尔先生还可能面临压力，即最近未接种疫苗人群中 Covid-19 病例的增加会如何重塑央行对今年剩余时间的增长预测。虽然恢复停工和其他国家强制的活动限制的可能性似乎比一年前小，但消费者对恢复正常消费日常越来越犹豫可能会使经济前景复杂化。</blockquote></p><p> Since Fed officials last met in June, government-bond prices have jumped, a sign that investors are less confident about long-term growth prospects and less worried about inflation.</p><p><blockquote>自美联储官员上次于 6 月份开会以来，政府债券价格大幅上涨，这表明投资者对长期增长前景的信心减少，对通胀的担忧也减少了。</blockquote></p><p> Yields, which rise when bond prices fall, climbed sharply earlier in the year, lifted by expectations that vaccinations and fiscal stimulus would spur an economic boom. After hitting a 13-month high of 1.75% at the end of March, the 10-year Treasury yield has declined—to 1.57% on June 16, after the Fed concluded its previous meeting, and to 1.24%, a five-month low, when the Fed’s meeting began on Tuesday.</p><p><blockquote>当债券价格下跌时，收益率会上升，但今年早些时候，由于疫苗接种和财政刺激将刺激经济繁荣的预期，收益率大幅攀升。10 年期国债收益率在 3 月底触及 1.75% 的 13 个月高点后有所下降--6 月 16 日美联储结束上次会议后降至 1.57%，周二美联储会议开始时降至 1.24%，创下五个月低点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/fed-meeting-will-focus-on-tapering-timeline-11627464602?mod=hp_lead_pos2\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.wsj.com/articles/fed-meeting-will-focus-on-tapering-timeline-11627464602?mod=hp_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102922788","content_text":"Officials are looking to forge consensus on how and when to eventually reduce their asset purchases\nFed Chairman Jerome Powell, who spoke at a Senate committee hearing earlier this month, has promised ample notice before reducing purchases of securities.\nFederal Reserve officials are set to resume deliberations Wednesday about how and when to begin paring their asset purchases amid an economic rebound clouded by supply-chain bottlenecks and rising Covid-19 cases.\nThe central bank at the end of last year said it would continue to purchase $120 billion in Treasurys and mortgage-backed securities monthly until officials deemed they had achieved “substantial further progress” toward their goals of low unemployment and inflation reaching their 2% goal.\nThe Fed will release its policy statement at 2 p.m. EDT. Most of the focus is likely to center on Chairman Jerome Powell’s news conference at 2:30 p.m. Here’s what to watch:\nTaper timing\nOfficials are likely to receive a formal staff briefing around when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them.\nThe Fed began buying large quantities of the securities in March 2020, when the Covid-19 pandemic triggered a near-meltdown in financial markets. With the Fed’s short-term interest rate at zero, the purchases are designed to provide additional stimulus by holding down long-term interest rates.\nSome officials are concerned that a burst of inflation this year from bottlenecks associated with reopening the economy will prove more durable than previously anticipated. These policy makers are eager to start the taper, in part because they and their colleagues have said they aren’t likely to consider raising interest rates from near zero until they are done tapering the asset purchases.\nAnother camp thinks recent price pressures will subside and could leave the Fed in the same position that it faced for much of the past decade, in which global forces kept inflation below 2% even with historically low interest rates. They are worried that accelerating plans to wind down the asset purchases could raise questions among investors about the Fed’s commitment to achieving its economic goals.\nBecause Mr. Powell has pledged to provide ample notice to financial markets before the Fed starts tapering to avoid catching investors by surprise, the central bank looks unlikely to start the process now or at its next meeting in September. Mr. Powell’s press conference will be heavily scrutinized for clues on how officials judge recent economic progress. In April, he said the Fed was “a long way from” its tapering goals, and he characterized the economy as “still a ways off” from them in June.\nPurchase pace\nOfficials also must consider the pace of any reductions. Some officials have discussed concluding the purchases around October 2022 so they could lift rates soon thereafter if the recovery is stronger or inflation is higher than now anticipated.\nDuring a prior asset-purchase program that ended in 2014, the Fed shrank its purchases in modest, equal amounts over the course of 10 months. It then waited another 14 months before raising interest rates.\nAnother tactical question centers on whether to reduce the pace of Treasurys and mortgage-backed securities equally. Some officials have raised concerns about rising home prices and are pressing to stop purchases of mortgage bonds sooner.\nBut Mr. Powell and other officials have poured cold water on those concerns in recent weeks. They have said mortgage buying, by purchasing longer-dated assets, provides a way to more broadly stimulate the economy and isn’t focused squarely on housing markets.\n“If the housing market has you really worried, that’s an argument for just tapering everything sooner and faster,” said William English, a former senior Fed economist who is now a professor at the Yale School of Management.\nInflation outlook\nFor a third straight month in June,inflation ran hotter than many economists had expected. The Labor Department’s consumer-price index increased 5.4% from a year ago, the highest 12-month rate since August 2008.\nMr. Powell said two weeks ago that many of the elevated price pressures can still be traced to goods and services affected by supply-chain bottlenecks and other pandemic-driven upheaval. As a result, he said it would be too soon for the Fed to abandon its earlier expectation that prices will return to their 2% target on their own and to raise rates to cool down demand and reduce inflation faster.\nBut Mr. Powell could face questions over how long the central bank and its 12-member rate-setting committee feels it would take to revisit their projections. Price pressures in some sectors of the economy where inflation had been subdued over the past year, including residential rents, have picked in recent months.\nDelta variant\nMr. Powell is also likely to be pressed on how the recent increase in Covid-19 cases among unvaccinated populations could reshape the central bank’s growth forecasts for the rest of the year. While a return to shutdowns and other state-mandated restrictions on activity seem less likely than a year ago, increased hesitancy on the part of consumers to return to normal spending routines could complicate the economic outlook.\nSince Fed officials last met in June, government-bond prices have jumped, a sign that investors are less confident about long-term growth prospects and less worried about inflation.\nYields, which rise when bond prices fall, climbed sharply earlier in the year, lifted by expectations that vaccinations and fiscal stimulus would spur an economic boom. After hitting a 13-month high of 1.75% at the end of March, the 10-year Treasury yield has declined—to 1.57% on June 16, after the Fed concluded its previous meeting, and to 1.24%, a five-month low, when the Fed’s meeting began on Tuesday.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801334061,"gmtCreate":1627482293753,"gmtModify":1633764570209,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801334061","repostId":"1151337652","repostType":4,"isVote":1,"tweetType":1,"viewCount":827,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809841949,"gmtCreate":1627360591481,"gmtModify":1633765720724,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809841949","repostId":"1105848576","repostType":4,"repost":{"id":"1105848576","kind":"news","pubTimestamp":1627355920,"share":"https://www.laohunote.com/m/news/1105848576?lang=zh_CN&edition=full","pubTime":"2021-07-27 11:18","market":"us","language":"en","title":"U.S. Insider Trading Laws Are Getting Reimagined, But Not Without Concerns<blockquote>美国内幕交易法正在重新构想，但并非没有担忧</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105848576","media":"Motley Fool","summary":"FromWall Street's Gordon Gekko toBillions' Bobby Axelrod, there are miles of film reel depicting hig","content":"<p>From<i>Wall Street'</i>s Gordon Gekko to<i>Billions</i>' Bobby Axelrod, there are miles of film reel depicting high-rolling investors making underhanded insider trading moves. What might surprise you is that insider trading is technically not prohibited under U.S. law.</p><p><blockquote>来自<i>华尔街</i>戈登·盖柯<i>数十亿</i>鲍比·阿克塞尔罗德 (Bobby Axelrod)，有数英里长的胶卷描绘了高流动性投资者进行秘密内幕交易的场景。您可能会感到惊讶的是，从技术上讲，美国法律并不禁止内幕交易。</blockquote></p><p> But that could soon change. The House recently passed the Insider Trading Prohibition Act. If it clears the Senate, the act of improperly buying or selling stock after obtaining material, non-public information will be illegal. But concerns are mounting that the law could disrupt the work of legitimate traders.</p><p><blockquote>但这种情况可能很快就会改变。众议院最近通过了禁止内幕交易法案。如果它通过参议院，在获得材料、非公开信息后不当买卖股票的行为将是非法的。但人们越来越担心这项法律可能会扰乱合法交易者的工作。</blockquote></p><p> White-Collar Watch</p><p><blockquote>白领手表</blockquote></p><p> Without a law on the books to explicitly define and criminalize insider trading, prosecutors and the SEC have used a patchwork of general fraud statutes, like the Securities Exchange Act, to go after sordid trading:</p><p><blockquote>由于没有明确定义内幕交易并将其定为犯罪的法律，检察官和美国证券交易委员会使用了《证券交易法》等一般欺诈法规的拼凑来打击肮脏交易：</blockquote></p><p> <ul>  <li>In 2020 alone, the SEC employed 1,300 staff in its Enforcement Division and spent $550 million on investigating and prosecuting insider trading using fraud statutes. Researchers at Duke, meanwhile, estimate the probability of detecting and prosecuting insider trading is only 15%.</li>  <li>The legal standing for prosecutions was sapped considerably in 2014 when the convictions of hedge fund managers Todd Newman and Anthony Chiasson were overturned. The court ruled prosecutors needed to prove a trader knew that the \"tipper\" (the source of the insider info) benefited from the exchange of information.</li> </ul> The bill before the Senate would outlaw insiders from trading or tipping in exchange for a \"direct or indirect personal benefit.\" It also states prosecutors don't have to prove a trader knew the info was exchanged for benefit, only that they recklessly ignored its illicit source, thus negating the Newman ruling.</p><p><blockquote><ul><li>仅在 2020 年，SEC 的执法部门就雇用了 1,300 名员工，并花费了 5.5 亿美元调查和起诉利用欺诈法规进行的内幕交易。与此同时，杜克大学的研究人员估计，发现和起诉内幕交易的概率仅为 15%。</li><li>2014 年，对冲基金经理托德·纽曼 (Todd Newman) 和安东尼·基亚森 (Anthony Chiasson) 的定罪被推翻，起诉的法律地位大大削弱。法院裁定，检察官需要证明一名交易员知道“告密者”（内幕信息的来源）从信息交换中受益。</li></ul>参议院面前的法案将禁止内部人士进行交易或给小费以换取“直接或间接的个人利益”。它还指出，检察官不必证明交易者知道这些信息是为了利益而交换的，只需证明他们不顾后果地忽略了其非法来源，从而否定了纽曼的裁决。</blockquote></p><p> <b>Potential Side Effects:</b>Extensive research is routine for stock traders, and many insider trading cases come down to fuzzy scenarios of analysts seeking an \"edge.\" Distinguished UCLA financial law professor Stephen Bainbridge wrote the proposed legislation could \"expand the scope of insider trading in undesirable ways,\" leading to apprehension among stockbrokers attempting to do legitimate research.</p><p><blockquote><b>潜在副作用：</b>广泛的研究是股票交易者的例行公事，许多内幕交易案例都可以归结为分析师寻求“优势”的模糊场景。加州大学洛杉矶分校著名金融法教授斯蒂芬·班布里奇写道，拟议的立法可能会“以不受欢迎的方式扩大内幕交易的范围”，导致试图进行合法研究的股票经纪人感到担忧。</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>U.S. Insider Trading Laws Are Getting Reimagined, But Not Without Concerns<blockquote>美国内幕交易法正在重新构想，但并非没有担忧</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\">\nU.S. Insider Trading Laws Are Getting Reimagined, But Not Without Concerns<blockquote>美国内幕交易法正在重新构想，但并非没有担忧</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-07-27 11:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>From<i>Wall Street'</i>s Gordon Gekko to<i>Billions</i>' Bobby Axelrod, there are miles of film reel depicting high-rolling investors making underhanded insider trading moves. What might surprise you is that insider trading is technically not prohibited under U.S. law.</p><p><blockquote>来自<i>华尔街</i>戈登·盖柯<i>数十亿</i>鲍比·阿克塞尔罗德 (Bobby Axelrod)，有数英里长的胶卷描绘了高流动性投资者进行秘密内幕交易的场景。您可能会感到惊讶的是，从技术上讲，美国法律并不禁止内幕交易。</blockquote></p><p> But that could soon change. The House recently passed the Insider Trading Prohibition Act. If it clears the Senate, the act of improperly buying or selling stock after obtaining material, non-public information will be illegal. But concerns are mounting that the law could disrupt the work of legitimate traders.</p><p><blockquote>但这种情况可能很快就会改变。众议院最近通过了禁止内幕交易法案。如果它通过参议院，在获得材料、非公开信息后不当买卖股票的行为将是非法的。但人们越来越担心这项法律可能会扰乱合法交易者的工作。</blockquote></p><p> White-Collar Watch</p><p><blockquote>白领手表</blockquote></p><p> Without a law on the books to explicitly define and criminalize insider trading, prosecutors and the SEC have used a patchwork of general fraud statutes, like the Securities Exchange Act, to go after sordid trading:</p><p><blockquote>由于没有明确定义内幕交易并将其定为犯罪的法律，检察官和美国证券交易委员会使用了《证券交易法》等一般欺诈法规的拼凑来打击肮脏交易：</blockquote></p><p> <ul>  <li>In 2020 alone, the SEC employed 1,300 staff in its Enforcement Division and spent $550 million on investigating and prosecuting insider trading using fraud statutes. Researchers at Duke, meanwhile, estimate the probability of detecting and prosecuting insider trading is only 15%.</li>  <li>The legal standing for prosecutions was sapped considerably in 2014 when the convictions of hedge fund managers Todd Newman and Anthony Chiasson were overturned. The court ruled prosecutors needed to prove a trader knew that the \"tipper\" (the source of the insider info) benefited from the exchange of information.</li> </ul> The bill before the Senate would outlaw insiders from trading or tipping in exchange for a \"direct or indirect personal benefit.\" It also states prosecutors don't have to prove a trader knew the info was exchanged for benefit, only that they recklessly ignored its illicit source, thus negating the Newman ruling.</p><p><blockquote><ul><li>仅在 2020 年，SEC 的执法部门就雇用了 1,300 名员工，并花费了 5.5 亿美元调查和起诉利用欺诈法规进行的内幕交易。与此同时，杜克大学的研究人员估计，发现和起诉内幕交易的概率仅为 15%。</li><li>2014 年，对冲基金经理托德·纽曼 (Todd Newman) 和安东尼·基亚森 (Anthony Chiasson) 的定罪被推翻，起诉的法律地位大大削弱。法院裁定，检察官需要证明一名交易员知道“告密者”（内幕信息的来源）从信息交换中受益。</li></ul>参议院面前的法案将禁止内部人士进行交易或给小费以换取“直接或间接的个人利益”。它还指出，检察官不必证明交易者知道这些信息是为了利益而交换的，只需证明他们不顾后果地忽略了其非法来源，从而否定了纽曼的裁决。</blockquote></p><p> <b>Potential Side Effects:</b>Extensive research is routine for stock traders, and many insider trading cases come down to fuzzy scenarios of analysts seeking an \"edge.\" Distinguished UCLA financial law professor Stephen Bainbridge wrote the proposed legislation could \"expand the scope of insider trading in undesirable ways,\" leading to apprehension among stockbrokers attempting to do legitimate research.</p><p><blockquote><b>潜在副作用：</b>广泛的研究是股票交易者的例行公事，许多内幕交易案例都可以归结为分析师寻求“优势”的模糊场景。加州大学洛杉矶分校著名金融法教授斯蒂芬·班布里奇写道，拟议的立法可能会“以不受欢迎的方式扩大内幕交易的范围”，导致试图进行合法研究的股票经纪人感到担忧。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/07/26/us-insider-trading-laws-are-getting-reimagined-but/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/07/26/us-insider-trading-laws-are-getting-reimagined-but/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105848576","content_text":"FromWall Street's Gordon Gekko toBillions' Bobby Axelrod, there are miles of film reel depicting high-rolling investors making underhanded insider trading moves. What might surprise you is that insider trading is technically not prohibited under U.S. law.\nBut that could soon change. The House recently passed the Insider Trading Prohibition Act. If it clears the Senate, the act of improperly buying or selling stock after obtaining material, non-public information will be illegal. But concerns are mounting that the law could disrupt the work of legitimate traders.\nWhite-Collar Watch\nWithout a law on the books to explicitly define and criminalize insider trading, prosecutors and the SEC have used a patchwork of general fraud statutes, like the Securities Exchange Act, to go after sordid trading:\n\nIn 2020 alone, the SEC employed 1,300 staff in its Enforcement Division and spent $550 million on investigating and prosecuting insider trading using fraud statutes. Researchers at Duke, meanwhile, estimate the probability of detecting and prosecuting insider trading is only 15%.\nThe legal standing for prosecutions was sapped considerably in 2014 when the convictions of hedge fund managers Todd Newman and Anthony Chiasson were overturned. The court ruled prosecutors needed to prove a trader knew that the \"tipper\" (the source of the insider info) benefited from the exchange of information.\n\nThe bill before the Senate would outlaw insiders from trading or tipping in exchange for a \"direct or indirect personal benefit.\" It also states prosecutors don't have to prove a trader knew the info was exchanged for benefit, only that they recklessly ignored its illicit source, thus negating the Newman ruling.\nPotential Side Effects:Extensive research is routine for stock traders, and many insider trading cases come down to fuzzy scenarios of analysts seeking an \"edge.\" Distinguished UCLA financial law professor Stephen Bainbridge wrote the proposed legislation could \"expand the scope of insider trading in undesirable ways,\" leading to apprehension among stockbrokers attempting to do legitimate research.","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809843504,"gmtCreate":1627360571008,"gmtModify":1633765720969,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809843504","repostId":"1127751488","repostType":4,"isVote":1,"tweetType":1,"viewCount":750,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809843004,"gmtCreate":1627360498908,"gmtModify":1633765721317,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090122463810310","authorIdStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809843004","repostId":"2154964378","repostType":4,"isVote":1,"tweetType":1,"viewCount":925,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":800034832,"gmtCreate":1627265348926,"gmtModify":1633766725879,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090122463810310","idStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/800034832","repostId":"1100772026","repostType":4,"isVote":1,"tweetType":1,"viewCount":616,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819255799,"gmtCreate":1630074065611,"gmtModify":1704955586319,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090122463810310","idStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819255799","repostId":"1122263329","repostType":4,"isVote":1,"tweetType":1,"viewCount":1764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819252892,"gmtCreate":1630074004516,"gmtModify":1704955584084,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090122463810310","idStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/819252892","repostId":"2162028850","repostType":4,"isVote":1,"tweetType":1,"viewCount":2512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808412378,"gmtCreate":1627605808094,"gmtModify":1633757884004,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090122463810310","idStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/808412378","repostId":"1149988833","repostType":4,"repost":{"id":"1149988833","kind":"news","pubTimestamp":1627605033,"share":"https://www.laohunote.com/m/news/1149988833?lang=zh_CN&edition=full","pubTime":"2021-07-30 08:30","market":"us","language":"en","title":"U.S. charges Nikola founder Trevor Milton with lying to investors<blockquote>美国指控尼古拉创始人特雷弗·米尔顿对投资者撒谎</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149988833","media":"Reuters","summary":"NEW YORK (Reuters) -Trevor Milton, the billionaire founder and former chief executive of Nikola Corp","content":"<p>NEW YORK (Reuters) -Trevor Milton, the billionaire founder and former chief executive of Nikola Corp, was criminally charged on Thursday with defrauding investors by lying to them about the electric- and hydrogen-powered truck maker.</p><p><blockquote>纽约（路透社） - 尼古拉公司 (Nikola Corp) 的亿万富翁创始人兼前首席执行官特雷弗·米尔顿 (Trevor Milton) 周四被刑事指控，罪名是向投资者撒谎有关这家电动和氢动力卡车制造商的信息，从而欺骗投资者。</blockquote></p><p> Milton, 39, pleaded not guilty at a hearing in Manhattan federal court to two counts of securities fraud and one count of wire fraud over statements he made from November 2019 to September 2020 about Nikola’s products and technology.</p><p><blockquote>39 岁的米尔顿在曼哈顿联邦法院的听证会上对两项证券欺诈指控和一项电信欺诈指控表示不认罪，因为他在 2019 年 11 月至 2020 年 9 月期间就尼古拉的产品和技术发表了言论。</blockquote></p><p> Authorities said Milton relied on a public relations blitz of social media posts as well as TV and podcast interviews to drive up Nikola’s stock price, become one of the world’s 100 richest people and “elevate” his stature as an entrepreneur.</p><p><blockquote>当局称，米尔顿依靠社交媒体帖子以及电视和播客采访的公关闪电战，推高了尼古拉的股价，成为全球 100 位最富有的人之一，并 “提升 ”了他作为企业家的地位。</blockquote></p><p> “Milton lied about nearly every aspect of the business,” U.S. Attorney Audrey Strauss in Manhattan said at a news conference. “Today’s criminal charges against Milton are where the rubber meets the road.”</p><p><blockquote>“曼哈顿联邦检察官奥黛丽-施特劳斯（Audrey Strauss）在新闻发布会上说：”米尔顿几乎在交易的方方面面都撒了谎。“今天对米尔顿的刑事指控是橡胶与道路的交汇处”。</blockquote></p><p> A judge allowed Milton to go free on $100 million bond, partially secured by two homes that the Oakley, Utah, resident owns.</p><p><blockquote>一名法官允许米尔顿以1亿美元的保释金获释，部分保释金由这位犹他州奥克利居民拥有的两套房屋担保。</blockquote></p><p> Each criminal count carries a maximum prison term of 20 or 25 years. The U.S. Securities and Exchange Commission filed related civil charges.</p><p><blockquote>每项刑事罪名最高可判处20年或25年监禁。美国证券交易委员会提出了相关民事指控。</blockquote></p><p> “Trevor is innocent,” Milton’s lawyer Marc Mukasey said in an email. “There was no fraud. We’re ready to fight this case at trial.”</p><p><blockquote>“米尔顿的律师马克-穆卡西（Marc Mukasey）在一封电子邮件中说：”特雷弗是无辜的。“没有欺诈行为。我们已准备好在审判中与此案抗争”。</blockquote></p><p> Nikola was not charged. It said in a statement it cooperated with the government and is focused on delivering Tre battery-electric trucks this year.</p><p><blockquote>尼古拉没有被起诉。该公司在一份声明中表示，已与政府合作，今年将重点交付Tre电池电动卡车。</blockquote></p><p> In afternoon trading, Nikola shares were down $1.43, or 10.1%, to $12.76, after falling as low as $12.60.</p><p><blockquote>下午交易中，Nikola 股价下跌 1.43 美元，跌幅 10.1%，至 12.76 美元，此前曾跌至 12.60 美元。</blockquote></p><p> WARY OF SHORT-SELLERS</p><p><blockquote>警惕卖空者</blockquote></p><p> The charges mark a steep downfall for Milton, who founded Phoenix-based Nikola in 2014 and was its CEO until June 2020, when it went public after merging with a special-purpose acquisition company, or SPAC.</p><p><blockquote>这些指控标志着米尔顿的急剧下降，他于 2014 年创立了总部位于凤凰城的 Nikola，并担任首席执行官，直到 2020 年 6 月，该公司在与一家特殊目的收购公司 (SPAC) 合并后上市。</blockquote></p><p> Milton stepped down as Nikola’s executive chairman last September, two weeks after short-seller Hindenburg Research labeled the company a “fraud” and said it made many misleading statements about its technology.</p><p><blockquote>去年 9 月，米尔顿辞去了尼古拉公司执行主席的职务，两周前，卖空者兴登堡研究公司（Hindenburg Research）将该公司称为 “骗局 ”，并称该公司对其技术发表了许多误导性言论。</blockquote></p><p> Prosecutors said Milton’s improper statements included that Nikola had built an electric- and hydrogen-powered “Badger” pickup from the “ground up,” developed batteries in-house that he knew it was purchasing elsewhere, and had early success in creating a “Nikola One” semi-truck he knew did not work.</p><p><blockquote>检察官说，米尔顿的不当言论包括尼古拉 “从零开始 ”制造了一辆电动和氢动力 “獾 ”皮卡，在内部开发了他知道电池是从其他地方购买的，并在早期成功制造了一辆他知道行不通的 “尼古拉一号 ”半挂卡车。</blockquote></p><p> Strauss said the closest the Nikola One ever came to driving was when company engineers rolled a prototype down a hill so it could be filmed for a commercial.</p><p><blockquote>施特劳斯说，尼古拉一号最接近驾驶的是公司工程师将一辆原型车滚下山坡，以便拍摄商业广告。</blockquote></p><p> The indictment said Milton also became preoccupied with keeping Nikola’s stock price high.</p><p><blockquote>起诉书称，米尔顿还一心想着让尼古拉的股价保持高位。</blockquote></p><p> It said that on March 2, 2020, the day before Nikola revealed it would go public, Milton emailed a board member that “(we) need to make sure we are getting retail investors on our side. That is what prevents the stock short selling. This is super important to me.”</p><p><blockquote>报告称，2020 年 3 月 2 日，也就是尼古拉透露将上市的前一天，米尔顿给一位董事会成员发了一封电子邮件，称“（我们）需要确保散户投资者站在我们这边。这就是防止股票卖空的原因。这对我来说非常重要”。</blockquote></p><p> The SEC said Milton targeted ordinary investors he called “Robinhood investors,” portraying himself as a “different” type of CEO who would be forthright about his trailblazing company.</p><p><blockquote>美国证券交易委员会称，米尔顿的目标是他称之为 “罗宾汉投资者 ”的普通投资者，将自己描绘成一个 “不同 ”类型的首席执行官，他会对自己的开创性公司直言不讳。</blockquote></p><p> “Corporate officers cannot say whatever they want on social media without regard for the federal securities laws,” SEC enforcement chief Gurbir Grewal said at the news conference.</p><p><blockquote>“美国证券交易委员会执法主管古比尔-格雷瓦尔（Gurbir Grewal）在新闻发布会上说：”企业高管不能在不考虑联邦证券法的情况下在社交媒体上随心所欲。</blockquote></p><p> Prosecutors said Milton’s Nikola stake was worth at least $8.5 billion soon after the announcements regarding the Badger.</p><p><blockquote>检察官称，在宣布有关獾的消息后不久，米尔顿持有的尼古拉股份价值至少 85 亿美元。</blockquote></p><p> Although Nikola’s share price has fallen more than 85% from its June 2020 peak, Milton is still worth $1.2 billion, Forbes magazine said on Thursday.</p><p><blockquote>《福布斯》杂志周四称，尽管尼古拉的股价较 2020 年 6 月的峰值下跌了 85% 以上，但米尔顿仍身价 12 亿美元。</blockquote></p><p> Tesla Inc is among Nikola’s rivals in the electric truck sector.</p><p><blockquote>特斯拉公司是尼古拉在电动卡车领域的竞争对手之一。</blockquote></p><p> Both companies’ names derive from Nikola Tesla, an inventor whose work included electric power, and Tesla CEO Elon Musk is now among the world’s richest people.</p><p><blockquote>两家公司的名字都源自尼古拉-特斯拉（Nikola Musk），他是一位发明家，工作包括电力，特斯拉首席执行官埃隆-马斯克（Elon Musk）现在是世界上最富有的人之一。</blockquote></p><p> In 2018, Musk and Tesla each agreed to pay $20 million in civil fines to settle SEC charges over a Musk tweet.</p><p><blockquote>2018年，马斯克和特斯拉各同意支付2000万美元的民事罚款，以解决美国证券交易委员会对马斯克一条推文的指控。</blockquote></p><p> ACCOUNTABILITY</p><p><blockquote>问责制</blockquote></p><p> Nikola initially denied Hindenburg’s accusations, but in February said a review by an outside law firm uncovered statements by Milton and the company that were partially or completely wrong.</p><p><blockquote>尼古拉最初否认了兴登堡的指控，但在二月份表示，一家外部律师事务所的审查发现，米尔顿和该公司的陈述部分或完全错误。</blockquote></p><p> “We commend regulators for acting expediently to protect investors and hold Milton accountable for his egregious lies,” Hindenburg founder Nathan Anderson said in a statement.</p><p><blockquote>“兴登堡创始人内森-安德森（Nathan Anderson）在一份声明中说：”我们赞扬监管机构采取了权宜之计，保护投资者，并追究米尔顿令人发指的谎言的责任。</blockquote></p><p> Hindenburg issued its report two days after General Motors Co agreed to supply batteries, chassis architecture, fuel cell systems and a factory for the Badger pickup, in exchange for an 11% Nikola stake and $700 million.</p><p><blockquote>兴登堡发布报告的两天前，通用汽车公司同意为 Badger 皮卡提供电池、底盘架构、燃料电池系统和工厂，以换取 Nikola 11% 的股份和 7 亿美元。</blockquote></p><p> The companies reworked that relationship last November, eliminating the equity stake and plans to build the truck.</p><p><blockquote>两家公司去年 11 月重新调整了这种关系，取消了股权并计划制造卡车。</blockquote></p><p> Stephen Girsky, a former GM vice chairman who ran the SPAC that merged with Nikola, replaced Milton as Nikola’s chairman.</p><p><blockquote>斯蒂芬-吉尔斯基（Stephen Girsky）是通用汽车前副董事长，他曾负责管理与尼古拉合并的 SPAC，他接替米尔顿担任尼古拉的董事长。</blockquote></p><p> SPACs are a faster way than initial public offerings to take private companies public.</p><p><blockquote>SPAC是一种比首次公开募股更快的私营公司上市方式。</blockquote></p><p></p><p> But critics say the process is prone to conflicts of interest and shoddy due diligence, and U.S. authorities have stepped up their scrutiny of SPACs.</p><p><blockquote>但批评人士表示，这一过程容易出现利益冲突和劣质尽职调查，美国当局已经加强了对 SPAC 的审查。</blockquote></p><p> Prosecutors and the SEC are also investigating electric pickup truck maker Lordstown Motors Corp, which went public last October, about the terms of its SPAC and its statements about vehicle pre-orders.</p><p><blockquote>检察官和美国证券交易委员会还在调查去年 10 月上市的电动皮卡制造商 Lordstown Motors Corp，了解其特殊目的收购公司 (SPAC) 的条款及其有关车辆预购的声明。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The U.S. Securities and Exchange Commission filed related civil charges.</p><p><blockquote>每项刑事罪名最高可判处20年或25年监禁。美国证券交易委员会提出了相关民事指控。</blockquote></p><p> “Trevor is innocent,” Milton’s lawyer Marc Mukasey said in an email. “There was no fraud. We’re ready to fight this case at trial.”</p><p><blockquote>“米尔顿的律师马克-穆卡西（Marc Mukasey）在一封电子邮件中说：”特雷弗是无辜的。“没有欺诈行为。我们已准备好在审判中与此案抗争”。</blockquote></p><p> Nikola was not charged. It said in a statement it cooperated with the government and is focused on delivering Tre battery-electric trucks this year.</p><p><blockquote>尼古拉没有被起诉。该公司在一份声明中表示，已与政府合作，今年将重点交付Tre电池电动卡车。</blockquote></p><p> In afternoon trading, Nikola shares were down $1.43, or 10.1%, to $12.76, after falling as low as $12.60.</p><p><blockquote>下午交易中，Nikola 股价下跌 1.43 美元，跌幅 10.1%，至 12.76 美元，此前曾跌至 12.60 美元。</blockquote></p><p> WARY OF SHORT-SELLERS</p><p><blockquote>警惕卖空者</blockquote></p><p> The charges mark a steep downfall for Milton, who founded Phoenix-based Nikola in 2014 and was its CEO until June 2020, when it went public after merging with a special-purpose acquisition company, or SPAC.</p><p><blockquote>这些指控标志着米尔顿的急剧下降，他于 2014 年创立了总部位于凤凰城的 Nikola，并担任首席执行官，直到 2020 年 6 月，该公司在与一家特殊目的收购公司 (SPAC) 合并后上市。</blockquote></p><p> Milton stepped down as Nikola’s executive chairman last September, two weeks after short-seller Hindenburg Research labeled the company a “fraud” and said it made many misleading statements about its technology.</p><p><blockquote>去年 9 月，米尔顿辞去了尼古拉公司执行主席的职务，两周前，卖空者兴登堡研究公司（Hindenburg Research）将该公司称为 “骗局 ”，并称该公司对其技术发表了许多误导性言论。</blockquote></p><p> Prosecutors said Milton’s improper statements included that Nikola had built an electric- and hydrogen-powered “Badger” pickup from the “ground up,” developed batteries in-house that he knew it was purchasing elsewhere, and had early success in creating a “Nikola One” semi-truck he knew did not work.</p><p><blockquote>检察官说，米尔顿的不当言论包括尼古拉 “从零开始 ”制造了一辆电动和氢动力 “獾 ”皮卡，在内部开发了他知道电池是从其他地方购买的，并在早期成功制造了一辆他知道行不通的 “尼古拉一号 ”半挂卡车。</blockquote></p><p> Strauss said the closest the Nikola One ever came to driving was when company engineers rolled a prototype down a hill so it could be filmed for a commercial.</p><p><blockquote>施特劳斯说，尼古拉一号最接近驾驶的是公司工程师将一辆原型车滚下山坡，以便拍摄商业广告。</blockquote></p><p> The indictment said Milton also became preoccupied with keeping Nikola’s stock price high.</p><p><blockquote>起诉书称，米尔顿还一心想着让尼古拉的股价保持高位。</blockquote></p><p> It said that on March 2, 2020, the day before Nikola revealed it would go public, Milton emailed a board member that “(we) need to make sure we are getting retail investors on our side. That is what prevents the stock short selling. This is super important to me.”</p><p><blockquote>报告称，2020 年 3 月 2 日，也就是尼古拉透露将上市的前一天，米尔顿给一位董事会成员发了一封电子邮件，称“（我们）需要确保散户投资者站在我们这边。这就是防止股票卖空的原因。这对我来说非常重要”。</blockquote></p><p> The SEC said Milton targeted ordinary investors he called “Robinhood investors,” portraying himself as a “different” type of CEO who would be forthright about his trailblazing company.</p><p><blockquote>美国证券交易委员会称，米尔顿的目标是他称之为 “罗宾汉投资者 ”的普通投资者，将自己描绘成一个 “不同 ”类型的首席执行官，他会对自己的开创性公司直言不讳。</blockquote></p><p> “Corporate officers cannot say whatever they want on social media without regard for the federal securities laws,” SEC enforcement chief Gurbir Grewal said at the news conference.</p><p><blockquote>“美国证券交易委员会执法主管古比尔-格雷瓦尔（Gurbir Grewal）在新闻发布会上说：”企业高管不能在不考虑联邦证券法的情况下在社交媒体上随心所欲。</blockquote></p><p> Prosecutors said Milton’s Nikola stake was worth at least $8.5 billion soon after the announcements regarding the Badger.</p><p><blockquote>检察官称，在宣布有关獾的消息后不久，米尔顿持有的尼古拉股份价值至少 85 亿美元。</blockquote></p><p> Although Nikola’s share price has fallen more than 85% from its June 2020 peak, Milton is still worth $1.2 billion, Forbes magazine said on Thursday.</p><p><blockquote>《福布斯》杂志周四称，尽管尼古拉的股价较 2020 年 6 月的峰值下跌了 85% 以上，但米尔顿仍身价 12 亿美元。</blockquote></p><p> Tesla Inc is among Nikola’s rivals in the electric truck sector.</p><p><blockquote>特斯拉公司是尼古拉在电动卡车领域的竞争对手之一。</blockquote></p><p> Both companies’ names derive from Nikola Tesla, an inventor whose work included electric power, and Tesla CEO Elon Musk is now among the world’s richest people.</p><p><blockquote>两家公司的名字都源自尼古拉-特斯拉（Nikola Musk），他是一位发明家，工作包括电力，特斯拉首席执行官埃隆-马斯克（Elon Musk）现在是世界上最富有的人之一。</blockquote></p><p> In 2018, Musk and Tesla each agreed to pay $20 million in civil fines to settle SEC charges over a Musk tweet.</p><p><blockquote>2018年，马斯克和特斯拉各同意支付2000万美元的民事罚款，以解决美国证券交易委员会对马斯克一条推文的指控。</blockquote></p><p> ACCOUNTABILITY</p><p><blockquote>问责制</blockquote></p><p> Nikola initially denied Hindenburg’s accusations, but in February said a review by an outside law firm uncovered statements by Milton and the company that were partially or completely wrong.</p><p><blockquote>尼古拉最初否认了兴登堡的指控，但在二月份表示，一家外部律师事务所的审查发现，米尔顿和该公司的陈述部分或完全错误。</blockquote></p><p> “We commend regulators for acting expediently to protect investors and hold Milton accountable for his egregious lies,” Hindenburg founder Nathan Anderson said in a statement.</p><p><blockquote>“兴登堡创始人内森-安德森（Nathan Anderson）在一份声明中说：”我们赞扬监管机构采取了权宜之计，保护投资者，并追究米尔顿令人发指的谎言的责任。</blockquote></p><p> Hindenburg issued its report two days after General Motors Co agreed to supply batteries, chassis architecture, fuel cell systems and a factory for the Badger pickup, in exchange for an 11% Nikola stake and $700 million.</p><p><blockquote>兴登堡发布报告的两天前，通用汽车公司同意为 Badger 皮卡提供电池、底盘架构、燃料电池系统和工厂，以换取 Nikola 11% 的股份和 7 亿美元。</blockquote></p><p> The companies reworked that relationship last November, eliminating the equity stake and plans to build the truck.</p><p><blockquote>两家公司去年 11 月重新调整了这种关系，取消了股权并计划制造卡车。</blockquote></p><p> Stephen Girsky, a former GM vice chairman who ran the SPAC that merged with Nikola, replaced Milton as Nikola’s chairman.</p><p><blockquote>斯蒂芬-吉尔斯基（Stephen Girsky）是通用汽车前副董事长，他曾负责管理与尼古拉合并的 SPAC，他接替米尔顿担任尼古拉的董事长。</blockquote></p><p> SPACs are a faster way than initial public offerings to take private companies public.</p><p><blockquote>SPAC是一种比首次公开募股更快的私营公司上市方式。</blockquote></p><p></p><p> But critics say the process is prone to conflicts of interest and shoddy due diligence, and U.S. authorities have stepped up their scrutiny of SPACs.</p><p><blockquote>但批评人士表示，这一过程容易出现利益冲突和劣质尽职调查，美国当局已经加强了对 SPAC 的审查。</blockquote></p><p> Prosecutors and the SEC are also investigating electric pickup truck maker Lordstown Motors Corp, which went public last October, about the terms of its SPAC and its statements about vehicle pre-orders.</p><p><blockquote>检察官和美国证券交易委员会还在调查去年 10 月上市的电动皮卡制造商 Lordstown Motors Corp，了解其特殊目的收购公司 (SPAC) 的条款及其有关车辆预购的声明。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/nikola-milton-indictment/update-9-u-s-charges-nikola-founder-trevor-milton-with-lying-to-investors-idUSL1N2P529W\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/nikola-milton-indictment/update-9-u-s-charges-nikola-founder-trevor-milton-with-lying-to-investors-idUSL1N2P529W","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149988833","content_text":"NEW YORK (Reuters) -Trevor Milton, the billionaire founder and former chief executive of Nikola Corp, was criminally charged on Thursday with defrauding investors by lying to them about the electric- and hydrogen-powered truck maker.\nMilton, 39, pleaded not guilty at a hearing in Manhattan federal court to two counts of securities fraud and one count of wire fraud over statements he made from November 2019 to September 2020 about Nikola’s products and technology.\nAuthorities said Milton relied on a public relations blitz of social media posts as well as TV and podcast interviews to drive up Nikola’s stock price, become one of the world’s 100 richest people and “elevate” his stature as an entrepreneur.\n“Milton lied about nearly every aspect of the business,” U.S. Attorney Audrey Strauss in Manhattan said at a news conference. “Today’s criminal charges against Milton are where the rubber meets the road.”\nA judge allowed Milton to go free on $100 million bond, partially secured by two homes that the Oakley, Utah, resident owns.\nEach criminal count carries a maximum prison term of 20 or 25 years. The U.S. Securities and Exchange Commission filed related civil charges.\n“Trevor is innocent,” Milton’s lawyer Marc Mukasey said in an email. “There was no fraud. We’re ready to fight this case at trial.”\nNikola was not charged. It said in a statement it cooperated with the government and is focused on delivering Tre battery-electric trucks this year.\nIn afternoon trading, Nikola shares were down $1.43, or 10.1%, to $12.76, after falling as low as $12.60.\nWARY OF SHORT-SELLERS\nThe charges mark a steep downfall for Milton, who founded Phoenix-based Nikola in 2014 and was its CEO until June 2020, when it went public after merging with a special-purpose acquisition company, or SPAC.\nMilton stepped down as Nikola’s executive chairman last September, two weeks after short-seller Hindenburg Research labeled the company a “fraud” and said it made many misleading statements about its technology.\nProsecutors said Milton’s improper statements included that Nikola had built an electric- and hydrogen-powered “Badger” pickup from the “ground up,” developed batteries in-house that he knew it was purchasing elsewhere, and had early success in creating a “Nikola One” semi-truck he knew did not work.\nStrauss said the closest the Nikola One ever came to driving was when company engineers rolled a prototype down a hill so it could be filmed for a commercial.\nThe indictment said Milton also became preoccupied with keeping Nikola’s stock price high.\nIt said that on March 2, 2020, the day before Nikola revealed it would go public, Milton emailed a board member that “(we) need to make sure we are getting retail investors on our side. That is what prevents the stock short selling. This is super important to me.”\nThe SEC said Milton targeted ordinary investors he called “Robinhood investors,” portraying himself as a “different” type of CEO who would be forthright about his trailblazing company.\n“Corporate officers cannot say whatever they want on social media without regard for the federal securities laws,” SEC enforcement chief Gurbir Grewal said at the news conference.\nProsecutors said Milton’s Nikola stake was worth at least $8.5 billion soon after the announcements regarding the Badger.\nAlthough Nikola’s share price has fallen more than 85% from its June 2020 peak, Milton is still worth $1.2 billion, Forbes magazine said on Thursday.\nTesla Inc is among Nikola’s rivals in the electric truck sector.\nBoth companies’ names derive from Nikola Tesla, an inventor whose work included electric power, and Tesla CEO Elon Musk is now among the world’s richest people.\nIn 2018, Musk and Tesla each agreed to pay $20 million in civil fines to settle SEC charges over a Musk tweet.\nACCOUNTABILITY\nNikola initially denied Hindenburg’s accusations, but in February said a review by an outside law firm uncovered statements by Milton and the company that were partially or completely wrong.\n“We commend regulators for acting expediently to protect investors and hold Milton accountable for his egregious lies,” Hindenburg founder Nathan Anderson said in a statement.\nHindenburg issued its report two days after General Motors Co agreed to supply batteries, chassis architecture, fuel cell systems and a factory for the Badger pickup, in exchange for an 11% Nikola stake and $700 million.\nThe companies reworked that relationship last November, eliminating the equity stake and plans to build the truck.\nStephen Girsky, a former GM vice chairman who ran the SPAC that merged with Nikola, replaced Milton as Nikola’s chairman.\nSPACs are a faster way than initial public offerings to take private companies public.\nBut critics say the process is prone to conflicts of interest and shoddy due diligence, and U.S. authorities have stepped up their scrutiny of SPACs.\nProsecutors and the SEC are also investigating electric pickup truck maker Lordstown Motors Corp, which went public last October, about the terms of its SPAC and its statements about vehicle pre-orders.","news_type":1,"symbols_score_info":{"NKLA":0.9}},"isVote":1,"tweetType":1,"viewCount":851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801819003,"gmtCreate":1627506454302,"gmtModify":1633764439261,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090122463810310","idStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801819003","repostId":"1179923360","repostType":4,"isVote":1,"tweetType":1,"viewCount":1220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801310561,"gmtCreate":1627482378653,"gmtModify":1633764568602,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090122463810310","idStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/801310561","repostId":"1102922788","repostType":4,"repost":{"id":"1102922788","kind":"news","pubTimestamp":1627479526,"share":"https://www.laohunote.com/m/news/1102922788?lang=zh_CN&edition=full","pubTime":"2021-07-28 21:38","market":"us","language":"en","title":"Fed Meeting Will Focus on Tapering Timeline.<blockquote>美联储会议将重点讨论缩减规模的时间表。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102922788","media":"The Wall Street Journal","summary":"Officials are looking to forge consensus on how and when to eventually reduce their asset purchases\n","content":"<p>Officials are looking to forge consensus on how and when to eventually reduce their asset purchases</p><p><blockquote>官员们正在寻求就如何以及何时最终减少资产购买达成共识</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b506b5e7aef3659e57731a13007a3078\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Fed Chairman Jerome Powell, who spoke at a Senate committee hearing earlier this month, has promised ample notice before reducing purchases of securities.</span></p><p><blockquote><p class=\"t-img-caption\"><span>美联储主席杰罗姆·鲍威尔本月早些时候在参议院委员会听证会上发表讲话，承诺在减少证券购买之前会给予充分的通知。</span></p></blockquote></p><p> Federal Reserve officials are set to resume deliberations Wednesday about how and when to begin&nbsp;paring their asset purchases&nbsp;amid an economic rebound clouded by supply-chain bottlenecks and rising Covid-19 cases.</p><p><blockquote>美联储官员将于周三恢复讨论如何以及何时开始削减资产购买，因为经济反弹受到供应链瓶颈和 Covid-19 病例增加的影响。</blockquote></p><p> The central bank at the end of last year said it would continue to purchase $120 billion in Treasurys and mortgage-backed securities monthly until officials deemed they had achieved “substantial further progress” toward their goals of low unemployment and inflation reaching their 2% goal.</p><p><blockquote>中央银行在去年年底表示，将继续每月购买 1200 亿美元的国债和抵押贷款支持证券，直到官员们认为他们在实现低失业率和通胀率达到 2% 的目标方面取得了 “实质性的进一步进展”。</blockquote></p><p> The Fed will release its policy statement at 2 p.m. EDT. Most of the focus is likely to center on Chairman Jerome Powell’s news conference at 2:30 p.m. Here’s what to watch:</p><p><blockquote>美联储将于美国东部时间下午2点发布政策声明。下午 2:30，杰罗姆-鲍威尔（Jerome Powell）主席的新闻发布会将成为大部分焦点：</blockquote></p><p> <b>Taper timing</b></p><p><blockquote><b>锥度定时</b></blockquote></p><p> Officials are likely to receive a formal staff briefing around when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them.</p><p><blockquote>官员们可能会收到一份正式的员工简报，内容涉及何时开始削减每月购买的 800 亿美元国债和 400 亿美元抵押贷款证券，以及如何快速减少或缩减这些证券。</blockquote></p><p> The Fed began buying large quantities of the securities in March 2020, when the Covid-19 pandemic triggered a near-meltdown in financial markets. With the Fed’s short-term interest rate at zero, the purchases are designed to provide additional stimulus by holding down long-term interest rates.</p><p><blockquote>美联储于 2020 年 3 月开始购买大量证券，当时 Covid-19 大流行引发了金融市场近乎崩溃。由于美联储的短期利率为零，这些购买旨在通过压低长期利率来提供额外的刺激。</blockquote></p><p> Some officials are concerned&nbsp;that a burst of inflation this year from bottlenecks associated with reopening the economy will prove more durable than previously anticipated. These policy makers are eager to start the taper, in part because they and their colleagues have said they aren’t likely to consider raising interest rates from near zero until they are done tapering the asset purchases.</p><p><blockquote>一些官员担心，今年因经济重新开放相关的瓶颈而爆发的通胀将比之前预期的更持久。这些政策制定者急于开始缩减利率，部分原因是他们和他们的同事们表示，在缩减资产购买规模之前，他们不太可能考虑从接近于零的利率上调利率。</blockquote></p><p> Another camp thinks recent&nbsp;price pressures will subside&nbsp;and could leave the Fed in the same position that it faced for much of the past decade, in which global forces kept inflation below 2% even with historically low interest rates. They are worried that accelerating plans to wind down the asset purchases could raise questions among investors about the Fed’s commitment to achieving its economic goals.</p><p><blockquote>另一个阵营认为，最近的价格压力将会消退，并可能使美联储处于过去十年大部分时间所面临的同样境地，当时全球力量即使利率处于历史低位，也将通胀率保持在 2% 以下。他们担心，加速缩减资产购买计划可能会让投资者对美联储实现经济目标的承诺产生质疑。</blockquote></p><p> Because Mr. Powell has pledged&nbsp;to provide ample notice&nbsp;to financial markets before the Fed starts tapering&nbsp;to avoid catching investors by surprise, the central bank looks unlikely to start the process now or at its next meeting in September. Mr. Powell’s press conference will be heavily scrutinized for clues on how officials judge recent economic progress. In April, he said the Fed was “a long way from” its tapering goals, and he characterized the economy as “still a ways off” from them in June.</p><p><blockquote>由于鲍威尔承诺在美联储开始缩减规模之前向金融市场提供充分通知，以避免让投资者措手不及，因此美联储现在或9月份的下次会议上似乎不太可能启动这一进程。鲍威尔先生的新闻发布会将受到严格审查，以寻找官员们如何判断近期经济进展的线索。今年 4 月，他表示美联储 “距离 ”缩减规模的目标还有很长的路要走，他认为经济在 6 月份离这些目标 “还有很长的路要走”。</blockquote></p><p> <b>Purchase pace</b></p><p><blockquote><b>采购速度</b></blockquote></p><p> Officials also must consider the pace of any reductions. Some officials have discussed concluding the purchases around October 2022 so they could lift rates soon thereafter if the recovery is stronger or inflation is higher than now anticipated.</p><p><blockquote>官员们还必须考虑任何削减的步伐。一些官员已讨论在 2022 年 10 月左右结束购买，以便如果经济复苏更强劲或通胀高于目前预期，他们可能会在此后不久加息。</blockquote></p><p> During a prior asset-purchase program that ended in 2014, the Fed shrank its purchases in modest, equal amounts over the course of 10 months. It then waited another 14 months before raising interest rates.</p><p><blockquote>在 2014 年结束的之前的资产购买计划中，美联储在 10 个月内适度、等量地缩减了购买规模。然后它又等了14个月才加息。</blockquote></p><p> Another tactical question centers on whether&nbsp;to reduce the pace of Treasurys and mortgage-backed securities equally. Some officials have raised concerns about rising home prices and are pressing to stop purchases of mortgage bonds sooner.</p><p><blockquote>另一个战术性问题集中在是否同样放慢国债和抵押贷款支持证券的步伐上。一些官员对房价上涨表示担忧，并敦促尽快停止购买抵押贷款债券。</blockquote></p><p> But Mr. Powell and other officials have poured cold water on those concerns in recent weeks. They have said mortgage buying, by purchasing longer-dated assets, provides a way to more broadly stimulate the economy and isn’t focused squarely on housing markets.</p><p><blockquote>但鲍威尔和其他官员最近几周对这些担忧泼了一盆冷水。他们表示，通过购买期限较长的资产，抵押贷款购买提供了一种更广泛地刺激经济的方式，并不完全关注房地产市场。</blockquote></p><p> “If the housing market has you really worried, that’s an argument for just tapering everything sooner and faster,” said William English, a former senior Fed economist who is now a professor at the Yale School of Management.</p><p><blockquote>“前美联储高级经济学家、现任耶鲁大学管理学院教授威廉-英格利希（William English）说：”如果房地产市场真的让你担心，那么这就是一个更快更快地缩减一切规模的理由。</blockquote></p><p> <b>Inflation outlook</b></p><p><blockquote><b>通货膨胀前景</b></blockquote></p><p> For a third straight month in June,inflation ran hotter&nbsp;than many economists had expected. The Labor Department’s consumer-price index increased 5.4% from a year ago, the highest 12-month rate since August 2008.</p><p><blockquote>6月份，通胀连续第三个月高于许多经济学家的预期。劳工部的消费者价格指数比一年前上涨了 5.4%，是自 2008 年 8 月以来的最高 12 个月涨幅。</blockquote></p><p> Mr. Powell said two weeks ago that&nbsp;many of the elevated price pressures&nbsp;can still be traced to goods and services affected by supply-chain bottlenecks and other pandemic-driven upheaval. As a result, he said it would be too soon for the Fed to abandon its earlier expectation that prices will return to their 2% target on their own and to raise rates to cool down demand and reduce inflation faster.</p><p><blockquote>鲍威尔两周前表示，许多价格上涨的压力仍然可以追溯到受供应链瓶颈和其他疫情引发的动荡影响的商品和服务。因此，他表示，美联储现在放弃早些时候的预期，即价格将自行回到2%的目标，并加息以冷却需求并更快地降低通胀，还为时过早。</blockquote></p><p></p><p> But Mr. Powell could face questions over how long the central bank and its 12-member rate-setting committee feels it would take to revisit their projections. Price pressures in some sectors of the economy where inflation had been subdued over the past year, including residential rents, have picked in recent months.</p><p><blockquote>但鲍威尔可能会面临美联储及其12名成员组成的利率制定委员会认为需要多长时间才能重新审视其预测的问题。近几个月来，包括住宅租金在内的一些经济领域的价格压力有所加剧，这些领域的通胀在过去一年中得到了抑制。</blockquote></p><p> <b>Delta variant</b></p><p><blockquote><b>德尔塔变异毒株</b></blockquote></p><p> Mr. Powell is also likely to be pressed on how the recent increase in Covid-19 cases among unvaccinated populations could reshape the central bank’s growth forecasts for the rest of the year. While a return to shutdowns and other state-mandated restrictions on activity seem less likely than a year ago, increased hesitancy on the part of consumers to return to normal spending routines could complicate the economic outlook.</p><p><blockquote>鲍威尔先生还可能面临压力，即最近未接种疫苗人群中 Covid-19 病例的增加会如何重塑央行对今年剩余时间的增长预测。虽然恢复停工和其他国家强制的活动限制的可能性似乎比一年前小，但消费者对恢复正常消费日常越来越犹豫可能会使经济前景复杂化。</blockquote></p><p> Since Fed officials last met in June, government-bond prices have jumped, a sign that investors are less confident about long-term growth prospects and less worried about inflation.</p><p><blockquote>自美联储官员上次于 6 月份开会以来，政府债券价格大幅上涨，这表明投资者对长期增长前景的信心减少，对通胀的担忧也减少了。</blockquote></p><p> Yields, which rise when bond prices fall, climbed sharply earlier in the year, lifted by expectations that vaccinations and fiscal stimulus would spur an economic boom. After hitting a 13-month high of 1.75% at the end of March, the 10-year Treasury yield has declined—to 1.57% on June 16, after the Fed concluded its previous meeting, and to 1.24%, a five-month low, when the Fed’s meeting began on Tuesday.</p><p><blockquote>当债券价格下跌时，收益率会上升，但今年早些时候，由于疫苗接种和财政刺激将刺激经济繁荣的预期，收益率大幅攀升。10 年期国债收益率在 3 月底触及 1.75% 的 13 个月高点后有所下降--6 月 16 日美联储结束上次会议后降至 1.57%，周二美联储会议开始时降至 1.24%，创下五个月低点。</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>Fed Meeting Will Focus on Tapering Timeline.<blockquote>美联储会议将重点讨论缩减规模的时间表。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Meeting Will Focus on Tapering Timeline.<blockquote>美联储会议将重点讨论缩减规模的时间表。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-07-28 21:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Officials are looking to forge consensus on how and when to eventually reduce their asset purchases</p><p><blockquote>官员们正在寻求就如何以及何时最终减少资产购买达成共识</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b506b5e7aef3659e57731a13007a3078\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Fed Chairman Jerome Powell, who spoke at a Senate committee hearing earlier this month, has promised ample notice before reducing purchases of securities.</span></p><p><blockquote><p class=\"t-img-caption\"><span>美联储主席杰罗姆·鲍威尔本月早些时候在参议院委员会听证会上发表讲话，承诺在减少证券购买之前会给予充分的通知。</span></p></blockquote></p><p> Federal Reserve officials are set to resume deliberations Wednesday about how and when to begin&nbsp;paring their asset purchases&nbsp;amid an economic rebound clouded by supply-chain bottlenecks and rising Covid-19 cases.</p><p><blockquote>美联储官员将于周三恢复讨论如何以及何时开始削减资产购买，因为经济反弹受到供应链瓶颈和 Covid-19 病例增加的影响。</blockquote></p><p> The central bank at the end of last year said it would continue to purchase $120 billion in Treasurys and mortgage-backed securities monthly until officials deemed they had achieved “substantial further progress” toward their goals of low unemployment and inflation reaching their 2% goal.</p><p><blockquote>中央银行在去年年底表示，将继续每月购买 1200 亿美元的国债和抵押贷款支持证券，直到官员们认为他们在实现低失业率和通胀率达到 2% 的目标方面取得了 “实质性的进一步进展”。</blockquote></p><p> The Fed will release its policy statement at 2 p.m. EDT. Most of the focus is likely to center on Chairman Jerome Powell’s news conference at 2:30 p.m. Here’s what to watch:</p><p><blockquote>美联储将于美国东部时间下午2点发布政策声明。下午 2:30，杰罗姆-鲍威尔（Jerome Powell）主席的新闻发布会将成为大部分焦点：</blockquote></p><p> <b>Taper timing</b></p><p><blockquote><b>锥度定时</b></blockquote></p><p> Officials are likely to receive a formal staff briefing around when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them.</p><p><blockquote>官员们可能会收到一份正式的员工简报，内容涉及何时开始削减每月购买的 800 亿美元国债和 400 亿美元抵押贷款证券，以及如何快速减少或缩减这些证券。</blockquote></p><p> The Fed began buying large quantities of the securities in March 2020, when the Covid-19 pandemic triggered a near-meltdown in financial markets. With the Fed’s short-term interest rate at zero, the purchases are designed to provide additional stimulus by holding down long-term interest rates.</p><p><blockquote>美联储于 2020 年 3 月开始购买大量证券，当时 Covid-19 大流行引发了金融市场近乎崩溃。由于美联储的短期利率为零，这些购买旨在通过压低长期利率来提供额外的刺激。</blockquote></p><p> Some officials are concerned&nbsp;that a burst of inflation this year from bottlenecks associated with reopening the economy will prove more durable than previously anticipated. These policy makers are eager to start the taper, in part because they and their colleagues have said they aren’t likely to consider raising interest rates from near zero until they are done tapering the asset purchases.</p><p><blockquote>一些官员担心，今年因经济重新开放相关的瓶颈而爆发的通胀将比之前预期的更持久。这些政策制定者急于开始缩减利率，部分原因是他们和他们的同事们表示，在缩减资产购买规模之前，他们不太可能考虑从接近于零的利率上调利率。</blockquote></p><p> Another camp thinks recent&nbsp;price pressures will subside&nbsp;and could leave the Fed in the same position that it faced for much of the past decade, in which global forces kept inflation below 2% even with historically low interest rates. They are worried that accelerating plans to wind down the asset purchases could raise questions among investors about the Fed’s commitment to achieving its economic goals.</p><p><blockquote>另一个阵营认为，最近的价格压力将会消退，并可能使美联储处于过去十年大部分时间所面临的同样境地，当时全球力量即使利率处于历史低位，也将通胀率保持在 2% 以下。他们担心，加速缩减资产购买计划可能会让投资者对美联储实现经济目标的承诺产生质疑。</blockquote></p><p> Because Mr. Powell has pledged&nbsp;to provide ample notice&nbsp;to financial markets before the Fed starts tapering&nbsp;to avoid catching investors by surprise, the central bank looks unlikely to start the process now or at its next meeting in September. Mr. Powell’s press conference will be heavily scrutinized for clues on how officials judge recent economic progress. In April, he said the Fed was “a long way from” its tapering goals, and he characterized the economy as “still a ways off” from them in June.</p><p><blockquote>由于鲍威尔承诺在美联储开始缩减规模之前向金融市场提供充分通知，以避免让投资者措手不及，因此美联储现在或9月份的下次会议上似乎不太可能启动这一进程。鲍威尔先生的新闻发布会将受到严格审查，以寻找官员们如何判断近期经济进展的线索。今年 4 月，他表示美联储 “距离 ”缩减规模的目标还有很长的路要走，他认为经济在 6 月份离这些目标 “还有很长的路要走”。</blockquote></p><p> <b>Purchase pace</b></p><p><blockquote><b>采购速度</b></blockquote></p><p> Officials also must consider the pace of any reductions. Some officials have discussed concluding the purchases around October 2022 so they could lift rates soon thereafter if the recovery is stronger or inflation is higher than now anticipated.</p><p><blockquote>官员们还必须考虑任何削减的步伐。一些官员已讨论在 2022 年 10 月左右结束购买，以便如果经济复苏更强劲或通胀高于目前预期，他们可能会在此后不久加息。</blockquote></p><p> During a prior asset-purchase program that ended in 2014, the Fed shrank its purchases in modest, equal amounts over the course of 10 months. It then waited another 14 months before raising interest rates.</p><p><blockquote>在 2014 年结束的之前的资产购买计划中，美联储在 10 个月内适度、等量地缩减了购买规模。然后它又等了14个月才加息。</blockquote></p><p> Another tactical question centers on whether&nbsp;to reduce the pace of Treasurys and mortgage-backed securities equally. Some officials have raised concerns about rising home prices and are pressing to stop purchases of mortgage bonds sooner.</p><p><blockquote>另一个战术性问题集中在是否同样放慢国债和抵押贷款支持证券的步伐上。一些官员对房价上涨表示担忧，并敦促尽快停止购买抵押贷款债券。</blockquote></p><p> But Mr. Powell and other officials have poured cold water on those concerns in recent weeks. They have said mortgage buying, by purchasing longer-dated assets, provides a way to more broadly stimulate the economy and isn’t focused squarely on housing markets.</p><p><blockquote>但鲍威尔和其他官员最近几周对这些担忧泼了一盆冷水。他们表示，通过购买期限较长的资产，抵押贷款购买提供了一种更广泛地刺激经济的方式，并不完全关注房地产市场。</blockquote></p><p> “If the housing market has you really worried, that’s an argument for just tapering everything sooner and faster,” said William English, a former senior Fed economist who is now a professor at the Yale School of Management.</p><p><blockquote>“前美联储高级经济学家、现任耶鲁大学管理学院教授威廉-英格利希（William English）说：”如果房地产市场真的让你担心，那么这就是一个更快更快地缩减一切规模的理由。</blockquote></p><p> <b>Inflation outlook</b></p><p><blockquote><b>通货膨胀前景</b></blockquote></p><p> For a third straight month in June,inflation ran hotter&nbsp;than many economists had expected. The Labor Department’s consumer-price index increased 5.4% from a year ago, the highest 12-month rate since August 2008.</p><p><blockquote>6月份，通胀连续第三个月高于许多经济学家的预期。劳工部的消费者价格指数比一年前上涨了 5.4%，是自 2008 年 8 月以来的最高 12 个月涨幅。</blockquote></p><p> Mr. Powell said two weeks ago that&nbsp;many of the elevated price pressures&nbsp;can still be traced to goods and services affected by supply-chain bottlenecks and other pandemic-driven upheaval. As a result, he said it would be too soon for the Fed to abandon its earlier expectation that prices will return to their 2% target on their own and to raise rates to cool down demand and reduce inflation faster.</p><p><blockquote>鲍威尔两周前表示，许多价格上涨的压力仍然可以追溯到受供应链瓶颈和其他疫情引发的动荡影响的商品和服务。因此，他表示，美联储现在放弃早些时候的预期，即价格将自行回到2%的目标，并加息以冷却需求并更快地降低通胀，还为时过早。</blockquote></p><p></p><p> But Mr. Powell could face questions over how long the central bank and its 12-member rate-setting committee feels it would take to revisit their projections. Price pressures in some sectors of the economy where inflation had been subdued over the past year, including residential rents, have picked in recent months.</p><p><blockquote>但鲍威尔可能会面临美联储及其12名成员组成的利率制定委员会认为需要多长时间才能重新审视其预测的问题。近几个月来，包括住宅租金在内的一些经济领域的价格压力有所加剧，这些领域的通胀在过去一年中得到了抑制。</blockquote></p><p> <b>Delta variant</b></p><p><blockquote><b>德尔塔变异毒株</b></blockquote></p><p> Mr. Powell is also likely to be pressed on how the recent increase in Covid-19 cases among unvaccinated populations could reshape the central bank’s growth forecasts for the rest of the year. While a return to shutdowns and other state-mandated restrictions on activity seem less likely than a year ago, increased hesitancy on the part of consumers to return to normal spending routines could complicate the economic outlook.</p><p><blockquote>鲍威尔先生还可能面临压力，即最近未接种疫苗人群中 Covid-19 病例的增加会如何重塑央行对今年剩余时间的增长预测。虽然恢复停工和其他国家强制的活动限制的可能性似乎比一年前小，但消费者对恢复正常消费日常越来越犹豫可能会使经济前景复杂化。</blockquote></p><p> Since Fed officials last met in June, government-bond prices have jumped, a sign that investors are less confident about long-term growth prospects and less worried about inflation.</p><p><blockquote>自美联储官员上次于 6 月份开会以来，政府债券价格大幅上涨，这表明投资者对长期增长前景的信心减少，对通胀的担忧也减少了。</blockquote></p><p> Yields, which rise when bond prices fall, climbed sharply earlier in the year, lifted by expectations that vaccinations and fiscal stimulus would spur an economic boom. After hitting a 13-month high of 1.75% at the end of March, the 10-year Treasury yield has declined—to 1.57% on June 16, after the Fed concluded its previous meeting, and to 1.24%, a five-month low, when the Fed’s meeting began on Tuesday.</p><p><blockquote>当债券价格下跌时，收益率会上升，但今年早些时候，由于疫苗接种和财政刺激将刺激经济繁荣的预期，收益率大幅攀升。10 年期国债收益率在 3 月底触及 1.75% 的 13 个月高点后有所下降--6 月 16 日美联储结束上次会议后降至 1.57%，周二美联储会议开始时降至 1.24%，创下五个月低点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/fed-meeting-will-focus-on-tapering-timeline-11627464602?mod=hp_lead_pos2\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.wsj.com/articles/fed-meeting-will-focus-on-tapering-timeline-11627464602?mod=hp_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102922788","content_text":"Officials are looking to forge consensus on how and when to eventually reduce their asset purchases\nFed Chairman Jerome Powell, who spoke at a Senate committee hearing earlier this month, has promised ample notice before reducing purchases of securities.\nFederal Reserve officials are set to resume deliberations Wednesday about how and when to begin paring their asset purchases amid an economic rebound clouded by supply-chain bottlenecks and rising Covid-19 cases.\nThe central bank at the end of last year said it would continue to purchase $120 billion in Treasurys and mortgage-backed securities monthly until officials deemed they had achieved “substantial further progress” toward their goals of low unemployment and inflation reaching their 2% goal.\nThe Fed will release its policy statement at 2 p.m. EDT. Most of the focus is likely to center on Chairman Jerome Powell’s news conference at 2:30 p.m. Here’s what to watch:\nTaper timing\nOfficials are likely to receive a formal staff briefing around when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them.\nThe Fed began buying large quantities of the securities in March 2020, when the Covid-19 pandemic triggered a near-meltdown in financial markets. With the Fed’s short-term interest rate at zero, the purchases are designed to provide additional stimulus by holding down long-term interest rates.\nSome officials are concerned that a burst of inflation this year from bottlenecks associated with reopening the economy will prove more durable than previously anticipated. These policy makers are eager to start the taper, in part because they and their colleagues have said they aren’t likely to consider raising interest rates from near zero until they are done tapering the asset purchases.\nAnother camp thinks recent price pressures will subside and could leave the Fed in the same position that it faced for much of the past decade, in which global forces kept inflation below 2% even with historically low interest rates. They are worried that accelerating plans to wind down the asset purchases could raise questions among investors about the Fed’s commitment to achieving its economic goals.\nBecause Mr. Powell has pledged to provide ample notice to financial markets before the Fed starts tapering to avoid catching investors by surprise, the central bank looks unlikely to start the process now or at its next meeting in September. Mr. Powell’s press conference will be heavily scrutinized for clues on how officials judge recent economic progress. In April, he said the Fed was “a long way from” its tapering goals, and he characterized the economy as “still a ways off” from them in June.\nPurchase pace\nOfficials also must consider the pace of any reductions. Some officials have discussed concluding the purchases around October 2022 so they could lift rates soon thereafter if the recovery is stronger or inflation is higher than now anticipated.\nDuring a prior asset-purchase program that ended in 2014, the Fed shrank its purchases in modest, equal amounts over the course of 10 months. It then waited another 14 months before raising interest rates.\nAnother tactical question centers on whether to reduce the pace of Treasurys and mortgage-backed securities equally. Some officials have raised concerns about rising home prices and are pressing to stop purchases of mortgage bonds sooner.\nBut Mr. Powell and other officials have poured cold water on those concerns in recent weeks. They have said mortgage buying, by purchasing longer-dated assets, provides a way to more broadly stimulate the economy and isn’t focused squarely on housing markets.\n“If the housing market has you really worried, that’s an argument for just tapering everything sooner and faster,” said William English, a former senior Fed economist who is now a professor at the Yale School of Management.\nInflation outlook\nFor a third straight month in June,inflation ran hotter than many economists had expected. The Labor Department’s consumer-price index increased 5.4% from a year ago, the highest 12-month rate since August 2008.\nMr. Powell said two weeks ago that many of the elevated price pressures can still be traced to goods and services affected by supply-chain bottlenecks and other pandemic-driven upheaval. As a result, he said it would be too soon for the Fed to abandon its earlier expectation that prices will return to their 2% target on their own and to raise rates to cool down demand and reduce inflation faster.\nBut Mr. Powell could face questions over how long the central bank and its 12-member rate-setting committee feels it would take to revisit their projections. Price pressures in some sectors of the economy where inflation had been subdued over the past year, including residential rents, have picked in recent months.\nDelta variant\nMr. Powell is also likely to be pressed on how the recent increase in Covid-19 cases among unvaccinated populations could reshape the central bank’s growth forecasts for the rest of the year. While a return to shutdowns and other state-mandated restrictions on activity seem less likely than a year ago, increased hesitancy on the part of consumers to return to normal spending routines could complicate the economic outlook.\nSince Fed officials last met in June, government-bond prices have jumped, a sign that investors are less confident about long-term growth prospects and less worried about inflation.\nYields, which rise when bond prices fall, climbed sharply earlier in the year, lifted by expectations that vaccinations and fiscal stimulus would spur an economic boom. After hitting a 13-month high of 1.75% at the end of March, the 10-year Treasury yield has declined—to 1.57% on June 16, after the Fed concluded its previous meeting, and to 1.24%, a five-month low, when the Fed’s meeting began on Tuesday.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177345944,"gmtCreate":1627183040588,"gmtModify":1633767371839,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090122463810310","idStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/177345944","repostId":"1112927800","repostType":4,"repost":{"id":"1112927800","kind":"news","pubTimestamp":1627089375,"share":"https://www.laohunote.com/m/news/1112927800?lang=zh_CN&edition=full","pubTime":"2021-07-24 09:16","market":"us","language":"en","title":"Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112927800","media":"seekingalpha","summary":"Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV p","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>  <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>  <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>让我们来看看蔚来与今天的特斯拉相比如何，蔚来独特的卖点，以及两家公司之间的相似之处。</li><li>蔚来是一个高增长的选择，相对于特斯拉的估值，它似乎并不算太贵。</li><li>然而，蔚来并不是一只低风险股票，它可能不是每个人的好选择。投资者还应该考虑蔚来汽车相对于传统汽车公司的估值。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p><p><blockquote>蔚来（蔚来）是中国领先的电动汽车企业之一，通过有吸引力的品牌和独特的BaaS产品，吸引了消费者和投资者的极大兴趣。然而，如今该公司的规模仍然远小于目前引领全球电动汽车市场的特斯拉 (TSLA)。蔚来目前专注于国内市场，特斯拉还是一家小公司时也是如此，但蔚来也将努力在海外市场抢占市场份额。股价已经大幅上涨，但如果蔚来能够复制特斯拉的成功，这可能是完全合理的。</blockquote></p><p> <b>NIO And TSLA Stock Prices</b></p><p><blockquote><b>蔚来和特斯拉股价</b></blockquote></p><p> Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p><p><blockquote>2020 年，两家公司都受益于人们对电动汽车日益增长的兴趣，这一趋势导致大多数电动汽车纯玩家的股价迅速上涨。电动汽车市场份额不断增长、电动汽车购买补贴等宽松政策以及大规模货币刺激措施相结合，蔚来和特斯拉的股价迅速上涨。蔚来去年上涨了 245%，而特斯拉同期上涨了 101%。然而，这两家公司目前的股价均低于历史高点，该高点在 2021 年初触及，之后市场对电动汽车 pureplays 的情绪有所降温。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p><p><blockquote>快速浏览一下分析师的目标价，我们发现特斯拉的交易价格几乎完全符合共识，而蔚来的交易价格比分析师目标价低约 30%。如果分析师界是正确的，那么蔚来在这里是一个更好的投资，因为预计特斯拉的股价明年不会大幅上涨，而蔚来的分析师目标价有很大的上涨空间。</blockquote></p><p> <b>Is NIO Similar To Tesla?</b></p><p><blockquote><b>蔚来和特斯拉相似吗？</b></blockquote></p><p> The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p><p><blockquote>这个问题的答案取决于你关注的是什么。这两家公司有相似之处，但也有不同之处。因此，人们可以说，在某些方面，这两者是相似的，但在其他方面，它们不是。让我们看几件事：</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p><p><blockquote>两家公司都专注于电动汽车领域，尽管特斯拉多年来也一直在发展其他一些业务，例如储能。特斯拉的大部分收入是通过销售电动汽车产生的，这也是蔚来的运营方式。两家公司都专注于电动汽车的高端市场，销售与宝马、梅赛德斯和雷克萨斯等品牌竞争的高价汽车。两家公司都提供少量不同的车辆，特斯拉是众所周知的 S、X、3 和 Y，而蔚来则提供轿车 (ET7) 和三款 SUV (EC6、ES6、ES8)。尽管蔚来如今是一家规模较小的公司，但两家公司的车型阵容并没有太大区别。</blockquote></p><p> Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p><p><blockquote>两家公司都为客户提供某种类型的充电基础设施，就特斯拉而言，这就是增压器网络，特斯拉车主可以在其中为汽车充电，功率高达 250kW，具体取决于安装的增压器版本。蔚来正在采取不同的方法，为客户提供电池即服务解决方案。蔚来车主可以在蔚来充电站将电池更换为充满电的电池，这一过程只需几分钟，因此与特斯拉和其他电动汽车制造商提供的常规电动汽车充电相比要快得多。因此，BaaS在充电/更换时间方面具有优势，但应该注意的是，与蔚来的换电站相比，特斯拉的超级充电站在世界各地更为常见。在其他市场推出该功能将需要大量资本支出，但与包括特斯拉在内的所有其他电动汽车厂商所提供的产品相比，蔚来汽车的产品是一个独特的卖点。这是否最终会带来回报还有待观察，但随着电动汽车领域的竞争日益激烈，这可能成为蔚来的一大优势。</blockquote></p><p> <b>Size, growth, and valuation</b></p><p><blockquote><b>规模、增长和估值</b></blockquote></p><p></p><p> The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p><p><blockquote>两家公司的规模差异很大，无论是在收入和汽车销量方面，还是在两家公司的市值方面。蔚来第二季度交付了22,000辆汽车，同比增长112%，年增长率约为90,000辆。与此同时，特斯拉在第二季度交付了 201,000 辆汽车，高于 2020 年第二季度的 103,000 辆汽车。这是同比的强劲增长，尽管略低于 100%，因此低于蔚来目前的增长率。</blockquote></p><p> Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p><p><blockquote>与蔚来相比，特斯拉每季度交付的汽车数量约为 9 倍，当我们查看两家公司的市值时，我们会发现这一比例几乎完全相同，因为特斯拉 6400 亿美元的市值约为 9 倍蔚来的 720 亿美元。在类似的增长率下，这将是完全有意义的，但看起来蔚来目前可能是更好的交易，因为它的估值相当，同时产生了更好的增长。未来几个季度尤其如此，特斯拉的增长预计将放缓：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p><p><blockquote>预计特斯拉的收入将从2021年的490亿美元增长到2023年的830亿美元，年增长率为30%。与此同时，蔚来预计其收入将在 2021 年至 2023 年间从 54 亿美元激增至 128 亿美元，年增长率为 54%。因此，相对而言，预计未来两年蔚来的增长速度将远远超过特斯拉。老实说，这并不奇怪，因为大数定律表明，对于一家公司来说，保持巨大的增长率变得越来越困难，而特斯拉现在似乎已经达到了这一点——每年增加 50% 以上的收入是不可能永远的。这甚至不一定是特斯拉的错，事实上，许多优质成长型公司都经历过同样的事情。但投资者仍然应该考虑这个重要事实——与我们过去看到的相比，特斯拉未来几年的增长将不那么令人兴奋，而蔚来等同行的增长速度更快。</blockquote></p><p> The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p><p><blockquote>当我们从长远来看时，情况也是如此。蔚来 2025 年收入预期为 226 亿美元，比 2023 年预期再增长 80%，比分析师对 2021 年的预测增长 320%。与此同时，特斯拉预计 2025 年收入将达到 1225 亿美元，这是一个很大的数字，但比 2023 年增长相对较弱的 48%，比 2021 年总共增长 150%。因此，在 2021 年至 2025 年间，蔚来的收入将增长 4 倍，而特斯拉的收入将增长 2.5 倍——在其他条件相同的情况下，这是一个有意义的差异，应该可以让蔚来获得溢价估值，就像特斯拉值得拥有与大众汽车等传统参与者相比的溢价估值（OTCPK：VWAGY）。</blockquote></p><p> Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p><p><blockquote>将 2025 年的收入预测与两家公司目前的估值进行比较，我们发现蔚来的交易价格为 2025 年销售额的 3.2 倍，而特斯拉的 2025 年销售额倍数为 5.2。对于长期投资者来说，蔚来目前似乎更有价值，因为当我们展望未来时，它的销售倍数要低得多。然而，这并不一定意味着蔚来很便宜，因为与传统汽车公司的估值相比，即使是 2025 年 3.2 倍的销售倍数也相对较高。然而，蔚来看起来比特斯拉便宜，即使其股票绝对不便宜。</blockquote></p><p> <b>Can NIO Be Worth As Much As Tesla?</b></p><p><blockquote><b>蔚来能和特斯拉一样值钱吗？</b></blockquote></p><p> The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p><p><blockquote>这个问题的答案取决于你所关注的时间范围。如今，蔚来比特斯拉小得多，因此理所当然地以较小的市值进行交易。还应该指出的是，不能保证特斯拉的股票是电动汽车公司估值的一个很好的例子——至少，它的股票今天有可能被严重高估，我个人也相信这一点（请注意，有些人会认为股票价格被低估，这也是可能性之一，尽管我个人并不持有这种信念）。</blockquote></p><p></p><p> When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p><p><blockquote>当我们暂时假设特斯拉今天的估值是正确的，并且电动汽车公司每年销售约 80 万辆汽车时，确实应该获得 6000 亿美元左右的市值，那么蔚来最终也可能达到这个目标，尽管不是在短期内。蔚来今年将销售约 9 万辆汽车，到 2025 年这一数字应该会增长到约 40 万辆。如果蔚来的销量在这一点后每年增长 15%，那么到 2030 年（即 9 年后），它可能会售出约 80 万辆汽车。如果想要假设更快的增长，每年 80 万辆汽车的大关也可能在 2030 年之前跨过，例如在 2028 年或 2029 年。如果我们现在真的选择 2030 年，那么按照与特斯拉类似的交付量与市值比率，蔚来到 2030 年的估值可能会超过 6000 亿美元。换句话说，如果我们假设当前的增长预测是现实的，并且类似特斯拉的估值是合适的，那么九年后蔚来的价值可能与特斯拉（今天）一样高。当然，这是两个主要的如果，尤其是第二点，我相信还远未确定。就我个人而言，看到特斯拉的估值压缩不会太惊讶，因此蔚来在 2030 年的市值可能远低于 6000 亿美元的水平，即使它继续大幅增长。蔚来汽车的增长也有可能令人失望，目前的预测过于乐观，尽管我认为蔚来凭借其独特的BaaS模式和在国内市场尤其知名的强大品牌，处于有利的增长位置。</blockquote></p><p> It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p><p><blockquote>还需要注意的是，特斯拉2030年的市值可能与6000亿美元有很大不同，因此即使蔚来达到这个水平，也根本不能保证两家公司的市值相似。到那时，特斯拉的估值可能会更高，例如，如果方舟模型是正确的（我个人认为不太可能）。为了回答上述问题，人们可以说，蔚来可能在8-10年内价值数千亿美元，就像特斯拉一样，但这根本不能保证。即使发生了这种情况，到那时特斯拉的价值可能会高得多。</blockquote></p><p> <b>Is NIO A Good Stock To Buy Or Sell Now?</b></p><p><blockquote><b>蔚来现在是买入还是卖出的好股票？</b></blockquote></p><p> When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p><p><blockquote>当将蔚来视为一项投资时，它最终是否会变得像特斯拉一样大或高估值并不重要。相反，投资者应该问问自己，未来几年他们可以预期的总回报是多少，以及这些预期回报相对于蔚来商业模式的风险是否足够高。关于这些风险，值得一提的是，该公司尚未盈利，这意味着蔚来依赖其资产负债表上的现金进行增长投资。最重要的是，电动汽车领域的竞争正在加剧，市场份额之争可能会在未来几年给利润率带来压力，尽管蔚来似乎由于其电池更换而处于相对有利的地位，我相信这是一个强大的卖点。最后但并非最不重要的一点是，该公司对中国本土市场的依赖是一个应牢记的潜在风险，尽管还应该指出的是，目前中国政府似乎对中国电动汽车公司非常宽容。</blockquote></p><p> One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p><p><blockquote>有人可能会说，相对于传统汽车公司的估值，整个电动汽车行业的估值过高。与纯电动汽车相比，即使是大众或福特等拥有有吸引力的电动汽车产品的传统厂商也能享受巨大的折扣。但如果想投资电动汽车 pureplay，蔚来似乎并不是一个糟糕的选择。该公司结合了强大的品牌、独特的 BaaS 产品、高增长率以及与电动汽车之王特斯拉的估值相比折扣的股票交易。蔚来的收入略高于 2025 年的 3 倍，与其他电动汽车纯电动汽车相比似乎并不算太贵，尽管当然，这仍然代表着与传统厂商相比的溢价。如果蔚来能够很好地执行并继续推出深受消费者欢迎的新车型，从长远来看，其股价可能具有巨大的上涨潜力。如果电动汽车股票成为不受欢迎的投资，蔚来股票也可能有相当大的负面影响，然而，这并不是一个低风险的选择。根据您的风险承受能力，如果您想要高增长的电动汽车 pureplay，蔚来仍然很有价值。</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>Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</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\">\nWill NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-24 09:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>  <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>  <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>让我们来看看蔚来与今天的特斯拉相比如何，蔚来独特的卖点，以及两家公司之间的相似之处。</li><li>蔚来是一个高增长的选择，相对于特斯拉的估值，它似乎并不算太贵。</li><li>然而，蔚来并不是一只低风险股票，它可能不是每个人的好选择。投资者还应该考虑蔚来汽车相对于传统汽车公司的估值。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p><p><blockquote>蔚来（蔚来）是中国领先的电动汽车企业之一，通过有吸引力的品牌和独特的BaaS产品，吸引了消费者和投资者的极大兴趣。然而，如今该公司的规模仍然远小于目前引领全球电动汽车市场的特斯拉 (TSLA)。蔚来目前专注于国内市场，特斯拉还是一家小公司时也是如此，但蔚来也将努力在海外市场抢占市场份额。股价已经大幅上涨，但如果蔚来能够复制特斯拉的成功，这可能是完全合理的。</blockquote></p><p> <b>NIO And TSLA Stock Prices</b></p><p><blockquote><b>蔚来和特斯拉股价</b></blockquote></p><p> Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p><p><blockquote>2020 年，两家公司都受益于人们对电动汽车日益增长的兴趣，这一趋势导致大多数电动汽车纯玩家的股价迅速上涨。电动汽车市场份额不断增长、电动汽车购买补贴等宽松政策以及大规模货币刺激措施相结合，蔚来和特斯拉的股价迅速上涨。蔚来去年上涨了 245%，而特斯拉同期上涨了 101%。然而，这两家公司目前的股价均低于历史高点，该高点在 2021 年初触及，之后市场对电动汽车 pureplays 的情绪有所降温。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p><p><blockquote>快速浏览一下分析师的目标价，我们发现特斯拉的交易价格几乎完全符合共识，而蔚来的交易价格比分析师目标价低约 30%。如果分析师界是正确的，那么蔚来在这里是一个更好的投资，因为预计特斯拉的股价明年不会大幅上涨，而蔚来的分析师目标价有很大的上涨空间。</blockquote></p><p> <b>Is NIO Similar To Tesla?</b></p><p><blockquote><b>蔚来和特斯拉相似吗？</b></blockquote></p><p> The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p><p><blockquote>这个问题的答案取决于你关注的是什么。这两家公司有相似之处，但也有不同之处。因此，人们可以说，在某些方面，这两者是相似的，但在其他方面，它们不是。让我们看几件事：</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p><p><blockquote>两家公司都专注于电动汽车领域，尽管特斯拉多年来也一直在发展其他一些业务，例如储能。特斯拉的大部分收入是通过销售电动汽车产生的，这也是蔚来的运营方式。两家公司都专注于电动汽车的高端市场，销售与宝马、梅赛德斯和雷克萨斯等品牌竞争的高价汽车。两家公司都提供少量不同的车辆，特斯拉是众所周知的 S、X、3 和 Y，而蔚来则提供轿车 (ET7) 和三款 SUV (EC6、ES6、ES8)。尽管蔚来如今是一家规模较小的公司，但两家公司的车型阵容并没有太大区别。</blockquote></p><p> Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p><p><blockquote>两家公司都为客户提供某种类型的充电基础设施，就特斯拉而言，这就是增压器网络，特斯拉车主可以在其中为汽车充电，功率高达 250kW，具体取决于安装的增压器版本。蔚来正在采取不同的方法，为客户提供电池即服务解决方案。蔚来车主可以在蔚来充电站将电池更换为充满电的电池，这一过程只需几分钟，因此与特斯拉和其他电动汽车制造商提供的常规电动汽车充电相比要快得多。因此，BaaS在充电/更换时间方面具有优势，但应该注意的是，与蔚来的换电站相比，特斯拉的超级充电站在世界各地更为常见。在其他市场推出该功能将需要大量资本支出，但与包括特斯拉在内的所有其他电动汽车厂商所提供的产品相比，蔚来汽车的产品是一个独特的卖点。这是否最终会带来回报还有待观察，但随着电动汽车领域的竞争日益激烈，这可能成为蔚来的一大优势。</blockquote></p><p> <b>Size, growth, and valuation</b></p><p><blockquote><b>规模、增长和估值</b></blockquote></p><p></p><p> The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p><p><blockquote>两家公司的规模差异很大，无论是在收入和汽车销量方面，还是在两家公司的市值方面。蔚来第二季度交付了22,000辆汽车，同比增长112%，年增长率约为90,000辆。与此同时，特斯拉在第二季度交付了 201,000 辆汽车，高于 2020 年第二季度的 103,000 辆汽车。这是同比的强劲增长，尽管略低于 100%，因此低于蔚来目前的增长率。</blockquote></p><p> Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p><p><blockquote>与蔚来相比，特斯拉每季度交付的汽车数量约为 9 倍，当我们查看两家公司的市值时，我们会发现这一比例几乎完全相同，因为特斯拉 6400 亿美元的市值约为 9 倍蔚来的 720 亿美元。在类似的增长率下，这将是完全有意义的，但看起来蔚来目前可能是更好的交易，因为它的估值相当，同时产生了更好的增长。未来几个季度尤其如此，特斯拉的增长预计将放缓：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p><p><blockquote>预计特斯拉的收入将从2021年的490亿美元增长到2023年的830亿美元，年增长率为30%。与此同时，蔚来预计其收入将在 2021 年至 2023 年间从 54 亿美元激增至 128 亿美元，年增长率为 54%。因此，相对而言，预计未来两年蔚来的增长速度将远远超过特斯拉。老实说，这并不奇怪，因为大数定律表明，对于一家公司来说，保持巨大的增长率变得越来越困难，而特斯拉现在似乎已经达到了这一点——每年增加 50% 以上的收入是不可能永远的。这甚至不一定是特斯拉的错，事实上，许多优质成长型公司都经历过同样的事情。但投资者仍然应该考虑这个重要事实——与我们过去看到的相比，特斯拉未来几年的增长将不那么令人兴奋，而蔚来等同行的增长速度更快。</blockquote></p><p> The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p><p><blockquote>当我们从长远来看时，情况也是如此。蔚来 2025 年收入预期为 226 亿美元，比 2023 年预期再增长 80%，比分析师对 2021 年的预测增长 320%。与此同时，特斯拉预计 2025 年收入将达到 1225 亿美元，这是一个很大的数字，但比 2023 年增长相对较弱的 48%，比 2021 年总共增长 150%。因此，在 2021 年至 2025 年间，蔚来的收入将增长 4 倍，而特斯拉的收入将增长 2.5 倍——在其他条件相同的情况下，这是一个有意义的差异，应该可以让蔚来获得溢价估值，就像特斯拉值得拥有与大众汽车等传统参与者相比的溢价估值（OTCPK：VWAGY）。</blockquote></p><p> Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p><p><blockquote>将 2025 年的收入预测与两家公司目前的估值进行比较，我们发现蔚来的交易价格为 2025 年销售额的 3.2 倍，而特斯拉的 2025 年销售额倍数为 5.2。对于长期投资者来说，蔚来目前似乎更有价值，因为当我们展望未来时，它的销售倍数要低得多。然而，这并不一定意味着蔚来很便宜，因为与传统汽车公司的估值相比，即使是 2025 年 3.2 倍的销售倍数也相对较高。然而，蔚来看起来比特斯拉便宜，即使其股票绝对不便宜。</blockquote></p><p> <b>Can NIO Be Worth As Much As Tesla?</b></p><p><blockquote><b>蔚来能和特斯拉一样值钱吗？</b></blockquote></p><p> The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p><p><blockquote>这个问题的答案取决于你所关注的时间范围。如今，蔚来比特斯拉小得多，因此理所当然地以较小的市值进行交易。还应该指出的是，不能保证特斯拉的股票是电动汽车公司估值的一个很好的例子——至少，它的股票今天有可能被严重高估，我个人也相信这一点（请注意，有些人会认为股票价格被低估，这也是可能性之一，尽管我个人并不持有这种信念）。</blockquote></p><p></p><p> When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p><p><blockquote>当我们暂时假设特斯拉今天的估值是正确的，并且电动汽车公司每年销售约 80 万辆汽车时，确实应该获得 6000 亿美元左右的市值，那么蔚来最终也可能达到这个目标，尽管不是在短期内。蔚来今年将销售约 9 万辆汽车，到 2025 年这一数字应该会增长到约 40 万辆。如果蔚来的销量在这一点后每年增长 15%，那么到 2030 年（即 9 年后），它可能会售出约 80 万辆汽车。如果想要假设更快的增长，每年 80 万辆汽车的大关也可能在 2030 年之前跨过，例如在 2028 年或 2029 年。如果我们现在真的选择 2030 年，那么按照与特斯拉类似的交付量与市值比率，蔚来到 2030 年的估值可能会超过 6000 亿美元。换句话说，如果我们假设当前的增长预测是现实的，并且类似特斯拉的估值是合适的，那么九年后蔚来的价值可能与特斯拉（今天）一样高。当然，这是两个主要的如果，尤其是第二点，我相信还远未确定。就我个人而言，看到特斯拉的估值压缩不会太惊讶，因此蔚来在 2030 年的市值可能远低于 6000 亿美元的水平，即使它继续大幅增长。蔚来汽车的增长也有可能令人失望，目前的预测过于乐观，尽管我认为蔚来凭借其独特的BaaS模式和在国内市场尤其知名的强大品牌，处于有利的增长位置。</blockquote></p><p> It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p><p><blockquote>还需要注意的是，特斯拉2030年的市值可能与6000亿美元有很大不同，因此即使蔚来达到这个水平，也根本不能保证两家公司的市值相似。到那时，特斯拉的估值可能会更高，例如，如果方舟模型是正确的（我个人认为不太可能）。为了回答上述问题，人们可以说，蔚来可能在8-10年内价值数千亿美元，就像特斯拉一样，但这根本不能保证。即使发生了这种情况，到那时特斯拉的价值可能会高得多。</blockquote></p><p> <b>Is NIO A Good Stock To Buy Or Sell Now?</b></p><p><blockquote><b>蔚来现在是买入还是卖出的好股票？</b></blockquote></p><p> When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p><p><blockquote>当将蔚来视为一项投资时，它最终是否会变得像特斯拉一样大或高估值并不重要。相反，投资者应该问问自己，未来几年他们可以预期的总回报是多少，以及这些预期回报相对于蔚来商业模式的风险是否足够高。关于这些风险，值得一提的是，该公司尚未盈利，这意味着蔚来依赖其资产负债表上的现金进行增长投资。最重要的是，电动汽车领域的竞争正在加剧，市场份额之争可能会在未来几年给利润率带来压力，尽管蔚来似乎由于其电池更换而处于相对有利的地位，我相信这是一个强大的卖点。最后但并非最不重要的一点是，该公司对中国本土市场的依赖是一个应牢记的潜在风险，尽管还应该指出的是，目前中国政府似乎对中国电动汽车公司非常宽容。</blockquote></p><p> One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p><p><blockquote>有人可能会说，相对于传统汽车公司的估值，整个电动汽车行业的估值过高。与纯电动汽车相比，即使是大众或福特等拥有有吸引力的电动汽车产品的传统厂商也能享受巨大的折扣。但如果想投资电动汽车 pureplay，蔚来似乎并不是一个糟糕的选择。该公司结合了强大的品牌、独特的 BaaS 产品、高增长率以及与电动汽车之王特斯拉的估值相比折扣的股票交易。蔚来的收入略高于 2025 年的 3 倍，与其他电动汽车纯电动汽车相比似乎并不算太贵，尽管当然，这仍然代表着与传统厂商相比的溢价。如果蔚来能够很好地执行并继续推出深受消费者欢迎的新车型，从长远来看，其股价可能具有巨大的上涨潜力。如果电动汽车股票成为不受欢迎的投资，蔚来股票也可能有相当大的负面影响，然而，这并不是一个低风险的选择。根据您的风险承受能力，如果您想要高增长的电动汽车 pureplay，蔚来仍然很有价值。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112927800","content_text":"Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.\nNIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.\n\nipopba/iStock via Getty Images\nArticle Thesis\nNIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.\nNIO And TSLA Stock Prices\nBoth companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.\nData by YCharts\nTaking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.\nIs NIO Similar To Tesla?\nThe answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:\nBusiness Model\nBoth companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.\nBoth companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.\nSize, growth, and valuation\nThe two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.\nTesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:\nData by YCharts\nTesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.\nThe same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).\nLooking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.\nCan NIO Be Worth As Much As Tesla?\nThe answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).\nWhen we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.\nIt should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.\nIs NIO A Good Stock To Buy Or Sell Now?\nWhen considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.\nOne could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.","news_type":1,"symbols_score_info":{"TSLA":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":911,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818515867,"gmtCreate":1630419142559,"gmtModify":1633678201170,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090122463810310","idStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/818515867","repostId":"1165958269","repostType":4,"repost":{"id":"1165958269","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":1630418022,"share":"https://www.laohunote.com/m/news/1165958269?lang=zh_CN&edition=full","pubTime":"2021-08-31 21:53","market":"us","language":"en","title":"Moderna shares rose more than 2% in early trading<blockquote>Moderna股价早盘上涨超过2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165958269","media":"Tiger Newspress","summary":"Moderna shares rose more than 2% in early trading.\n\n\nA study examining the immune response of Modern","content":"<p>Moderna&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading.</p><p><blockquote>Moderna 股价早盘上涨超过 2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e3a6617d6ec5a20d69a181840ef582fb\" tg-width=\"885\" tg-height=\"634\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <ul>  <li>A study examining the immune response of Moderna's&nbsp;COVID-19 vaccine to Pfizer&nbsp;/BioNTech's&nbsp;found that the former created more than twice as many antibodies as the latter.</li>  <li>The study, published in the<i>Journal of the American Medical Association</i>, examined 2,499 health care workers in Belgium inoculated with one of the two vaccines.</li> </ul></p><p><blockquote><ul><li>一项研究检查了Moderna的新冠肺炎疫苗对辉瑞/BioNTech的免疫反应，发现前者产生的抗体数量是后者的两倍多。</li><li>这项研究发表在<i>美国医学会杂志</i>调查了比利时2499名接种了两种疫苗中的一种的医护人员。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nModerna shares rose more than 2% in early trading<blockquote>Moderna股价早盘上涨超过2%</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\">2021-08-31 21:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Moderna&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading.</p><p><blockquote>Moderna 股价早盘上涨超过 2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e3a6617d6ec5a20d69a181840ef582fb\" tg-width=\"885\" tg-height=\"634\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <ul>  <li>A study examining the immune response of Moderna's&nbsp;COVID-19 vaccine to Pfizer&nbsp;/BioNTech's&nbsp;found that the former created more than twice as many antibodies as the latter.</li>  <li>The study, published in the<i>Journal of the American Medical Association</i>, examined 2,499 health care workers in Belgium inoculated with one of the two vaccines.</li> </ul></p><p><blockquote><ul><li>一项研究检查了Moderna的新冠肺炎疫苗对辉瑞/BioNTech的免疫反应，发现前者产生的抗体数量是后者的两倍多。</li><li>这项研究发表在<i>美国医学会杂志</i>调查了比利时2499名接种了两种疫苗中的一种的医护人员。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","BNTX":"BioNTech SE","MRNA":"Moderna, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165958269","content_text":"Moderna shares rose more than 2% in early trading.\n\n\nA study examining the immune response of Moderna's COVID-19 vaccine to Pfizer /BioNTech's found that the former created more than twice as many antibodies as the latter.\nThe study, published in theJournal of the American Medical Association, examined 2,499 health care workers in Belgium inoculated with one of the two vaccines.","news_type":1,"symbols_score_info":{"PFE":0.9,"BNTX":0.9,"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":2670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890932198,"gmtCreate":1628074570214,"gmtModify":1633753859652,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090122463810310","idStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890932198","repostId":"1187165636","repostType":4,"isVote":1,"tweetType":1,"viewCount":2321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890490021,"gmtCreate":1628126822163,"gmtModify":1633753345671,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090122463810310","idStr":"4090122463810310"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/890490021","repostId":"2157483930","repostType":4,"isVote":1,"tweetType":1,"viewCount":2289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}