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- 743d5c66743d5c66
  ·2021-08-23
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- 743d5c66743d5c66
  ·2021-08-23
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- 743d5c66743d5c66
  ·2021-08-22
  $Tesla Motors(TSLA)$.
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- 743d5c66743d5c66
  ·2021-08-22
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- 743d5c66743d5c66
  ·2021-08-19
  $Tesla Motors(TSLA)$.shs
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- 743d5c66743d5c66
  ·2021-08-19
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  Toplines Before US Market Opens Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>
  (Aug 19) Global stocks tumbled, with S&P 500 Index futures down for a third day, while Treasuries an
  Toplines Before US Market Opens Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>
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- 743d5c66743d5c66
  ·2021-08-18
  $Tesla Motors(TSLA)$sare
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- 743d5c66743d5c66
  ·2021-08-18
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  The Tertiary Distribution – What Can Chinese Tech Companies Learn from Apple?<blockquote>三级分销——中国科技公司能从苹果学到什么？</blockquote>
  According to the latest policy directives issued in China, “The Tertiary Distribution” is about to b
  The Tertiary Distribution – What Can Chinese Tech Companies Learn from Apple?<blockquote>三级分销——中国科技公司能从苹果学到什么？</blockquote>
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- 743d5c66743d5c66
  ·2021-08-18
  Great ariticle, would you like to share it?
  Inflation Is Higher in the U.S. Than Elsewhere, but Don’t Panic<blockquote>美国的通货膨胀率高于其他地方，但不要恐慌</blockquote>
  While prices in the eurozone appear to be rising more slowly, the difference isn’t best explained by
  Inflation Is Higher in the U.S. Than Elsewhere, but Don’t Panic<blockquote>美国的通货膨胀率高于其他地方，但不要恐慌</blockquote>
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- 743d5c66743d5c66
  ·2021-08-18
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href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>.","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>.","text":"$Tesla 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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":1629375069,"share":"https://www.laohunote.com/m/news/1109519324?lang=zh_CN&edition=full","pubTime":"2021-08-19 20:11","market":"us","language":"en","title":"Toplines Before US Market Opens Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109519324","media":"Tiger Newspress","summary":"(Aug 19) Global stocks tumbled, with S&P 500 Index futures down for a third day, while Treasuries an","content":"<p>(Aug 19)&nbsp;Global stocks tumbled, with S&amp;P 500 Index futures down for a third day, while Treasuries and the dollar rallied as concern about the withdrawal of Federal Reserve stimulus mixed with growing angst around the virus and global supply chains. For a fifth straight month, volatility was whipping up around the time stock options were expiring in the U.S.</p><p><blockquote>（8月19日）全球股市暴跌，标普500指数期货连续第三天下跌，而美国国债和美元反弹，原因是对美联储撤回刺激措施的担忧加上对病毒和全球供应链日益增长的焦虑。美国股票期权到期前后，波动性连续第五个月加剧。</blockquote></p><p> At 08:11 a.m. ET, Dow E-minis were down 348 points, or 1%, S&amp;P 500 E-minis were down&nbsp;39 points, or 0.89% and Nasdaq 100 E-minis were&nbsp;down&nbsp;104 points, or 0.70%.</p><p><blockquote>美国东部时间上午 08:11，道琼斯电子迷你指数下跌 348 点，跌幅 1%；标普500电子迷你指数下跌 39 点，跌幅 0.89%；纳斯达克 100 电子迷你指数下跌 104 点，跌幅 0.70%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/07f869f79e115d86c45e9f88f5238386\" tg-width=\"1242\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前波动最大的股票：</b></blockquote></p><p> <b>1)&nbsp;<a href=\"https://laohu8.com/S/M\">Macy's</a></b> – The retailer reported adjusted quarterly earnings of $1.29 per share, well above the 19 cents consensus estimate, with revenue also above forecasts. Macy’s reported a better-than-expected increase in comparable-store sales, raised its annual sales forecast, and also announced a share buyback and the reinstatement of its dividend. Shares jumped 3.7% in the premarket.</p><p><blockquote><b>1) <a href=\"https://laohu8.com/S/M\">梅西百货</a></b>– 该零售商公布调整后季度收益为每股 1.29 美元，远高于 19 美分的市场普遍预期，收入也高于预期。梅西百货公布的同店销售额增幅好于预期，上调了年度销售预测，并宣布回购股票和恢复分红。盘前股价上涨 3.7%。</blockquote></p><p> <b>2)&nbsp;<a href=\"https://laohu8.com/S/KSS\">Kohl's</a></b>– Kohl’s fell 2.6% in premarket action despite quarterly results that beat analyst forecasts. Kohl’s reported an adjusted quarterly profit of $2.48 per share, well above the $1.21 consensus estimate.</p><p><blockquote><b>2) <a href=\"https://laohu8.com/S/KSS\">柯尔百货公司</a></b>- 尽管季度业绩超出分析师预期，但科尔百货公司在盘前交易中仍下跌了 2.6%。科尔百货公司公布的调整后季度利润为每股 2.48 美元，远高于市场普遍预期的 1.21 美元。</blockquote></p><p> <b>3)&nbsp;<a href=\"https://laohu8.com/S/TPR\">Tapestry Inc.</a></b>– The company behind the <a href=\"https://laohu8.com/S/COH\">Coach</a> and <a href=\"https://laohu8.com/S/KATE\">Kate Spade</a> brands beat estimates by 5 cents with adjusted quarterly earnings of 74 cents per share and revenue above estimates as a reopening of economies around the world boosted demand for luxury goods. Tapestry also reinstated its dividend, but shares fell 2.3% in premarket trading.</p><p><blockquote><b>3) <a href=\"https://laohu8.com/S/TPR\">挂毯公司。</a></b>– 背后的公司<a href=\"https://laohu8.com/S/COH\">教练</a>和<a href=\"https://laohu8.com/S/KATE\">凯特·斯派德</a>品牌超出预期 5 美分，调整后季度收益为每股 74 美分，收入高于预期，因为世界各地经济的重新开放提振了对奢侈品的需求。Tapestry 也恢复了股息，但股价在盘前交易中下跌 2.3%。</blockquote></p><p> <b>4)&nbsp;<a href=\"https://laohu8.com/S/WOOF\">Petco Health and Wellness Company, Inc.</a></b> – The pet products retailer beat estimates by 5 cents with adjusted quarterly earnings of 25 cents per share and revenue that beat analyst forecasts as well. Petco also raised its full-year earnings and revenue outlook.</p><p><blockquote><b>4) <a href=\"https://laohu8.com/S/WOOF\">佩特科健康和保健公司。</a></b>– 这家宠物用品零售商超出预期 5 美分，调整后季度收益为每股 25 美分，收入也超出分析师预测。Petco还上调了全年盈利和收入展望。</blockquote></p><p> <b>5)&nbsp;<a href=\"https://laohu8.com/S/BJ\">BJ's Wholesale Club Holdings Inc.</a></b> – The warehouse retailer beat estimates on the top and bottom lines for its latest quarter, earning an adjusted 82 cents per share for the second quarter, 17 cents above estimates. It also reported unexpected growth in same-store sales.</p><p><blockquote><b>5) <a href=\"https://laohu8.com/S/BJ\">BJ批发俱乐部控股公司。</a></b>– 这家仓储零售商最新季度的营收和利润均超出预期，第二季度调整后每股收益为 82 美分，比预期高出 17 美分。它还报告了同店销售额的意外增长。</blockquote></p><p> <b>6)&nbsp;<a href=\"https://laohu8.com/S/HOOD\">Robinhood Markets, Inc.</a></b> – Robinhood slumped 9.9% in the premarket after the company behind the popular trading app warned of a slowdown in trading activity during the current quarter. In its first report as a public company, Robinhood reported its quarterly revenue surged 131% compared with a year earlier, driven by a surge in cryptocurrency activity.</p><p><blockquote><b>6) <a href=\"https://laohu8.com/S/HOOD\">罗宾汉市场公司。</a></b>– Robinhood 在热门交易应用程序背后的公司警告本季度交易活动放缓后，盘前下跌 9.9%。在作为上市公司的第一份报告中，Robinhood 报告称，在加密货币活动激增的推动下，其季度收入与去年同期相比激增了 131%。</blockquote></p><p> <b>7)&nbsp;<a href=\"https://laohu8.com/S/CSCO\">Cisco</a> Systems(CSCO)</b> – The networking equipment and services company beat estimates by 2 cents with adjusted quarterly earnings of 84 cents per share and revenue above estimates as well. Cisco did give a current-quarter profit forecast that fell shy of analyst forecasts, due to supply chain issues, and shares lost 1.4% in premarket trading.</p><p><blockquote><b>7) <a href=\"https://laohu8.com/S/CSCO\">思科</a>系统(CSCO)</b>– 这家网络设备和服务公司超出预期 2 美分，调整后每股收益为 84 美分，收入也高于预期。由于供应链问题，思科确实给出了本季度利润预测，但低于分析师的预测，股价在盘前交易中下跌了 1.4%。</blockquote></p><p> <b>8)&nbsp;<a href=\"https://laohu8.com/S/BBWI\">Bath &amp; Body Works Inc.</a></b> – The personal care products retailer’s stock added 2.7% in premarket trading, after beating Street forecasts in its first quarterly report since L Brands spun off Victoria’s Secret and renamed itself Bath &amp; Body Works.</p><p><blockquote><b>8) <a href=\"https://laohu8.com/S/BBWI\">沐浴和身体工程公司。</a></b>- 这家个人护理产品零售商的股价在盘前交易中上涨了 2.7%，自 L Brands 剥离维多利亚的秘密并更名为 Bath &amp; Body Works 以来，该公司的首份季度报告超出了华尔街的预期。</blockquote></p><p> <b>9)&nbsp;Victoria’s Secret&nbsp;(VSCO) </b>– The women’s apparel company’s shares plunged 8.6% in premarket action, after reporting quarterly sales that fell short of analyst expectations. Victoria’s Secret did see an improvement in profit margins as it kept tight inventories and ran fewer promotions.</p><p><blockquote><b>9）维多利亚的秘密（VSCO）</b>- 这家女装公司公布的季度销售额低于分析师预期，其股价在盘前暴跌 8.6%。维多利亚的秘密在保持库存紧张和减少促销活动的同时，利润率确实有所提高。</blockquote></p><p> <b>10)&nbsp;<a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a></b> – The graphics chipmaker came in 3 cents above estimates with adjusted quarterly earnings of $1.04 per share, while revenue also topped estimates. Nvidia shares gained 1.4% in the premarket after it forecast better-than-expected current-quarter revenue.</p><p><blockquote><b>10) <a href=\"https://laohu8.com/S/NVDA\">英伟达公司</a></b>– 这家图形芯片制造商的调整后季度收益为每股 1.04 美元，比预期高出 3 美分，收入也超出预期。英伟达预测本季度营收好于预期，盘前股价上涨 1.4%。</blockquote></p><p> <b>11)&nbsp;<a href=\"https://laohu8.com/S/TM\">Toyota</a> Motor(TM)</b> – The automaker’s stock dropped 3.1% in premarket trading, following a report by Japan’s Nikkei <a href=\"https://laohu8.com/S/NWS\">News</a> service that Toyota would slash planned September production by 40% due to the global chip shortage.</p><p><blockquote><b>11) <a href=\"https://laohu8.com/S/TM\">丰田</a>电机(TM)</b>- 日本《日经新闻》报道后，该汽车制造商的股价在盘前交易中下跌了 3.1%。<a href=\"https://laohu8.com/S/NWS\">消息</a>由于全球芯片短缺，丰田将把 9 月份的计划产量削减 40%。</blockquote></p><p> <b>12)&nbsp;<a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>(WFC)</b> – The bank reversed a previous decision to discontinue revolving lines of credit, following complaints by customers. However, Wells Fargo will not offer those lines of credit to any new customers. Shares fell 1.7% in the premarket.</p><p><blockquote><b>12) <a href=\"https://laohu8.com/S/WFC\">富国银行</a>（WFC）</b>– 在客户投诉后，该银行撤销了之前停止循环信贷额度的决定。然而，富国银行不会向任何新客户提供这些信贷额度。盘前股价下跌 1.7%。</blockquote></p><p></p><p> <b>13)&nbsp;<a href=\"https://laohu8.com/S/RRGB\">Red Robin Gourmet Burgers</a>(RRGB)</b> – The restaurant chain’s shares tumbled 9.4% in premarket trading after posting an unexpected quarterly loss and lower-than-expected revenue. Red Robin said a worker shortage led to reduced operating hours at certain restaurants during the quarter.</p><p><blockquote><b>13) <a href=\"https://laohu8.com/S/RRGB\">红知更鸟美食汉堡</a>（RRGB）</b>- 这家连锁餐厅的股价在盘前交易中暴跌 9.4%，原因是季度亏损和收入低于预期。Red Robin 表示，工人短缺导致本季度某些餐馆的营业时间减少。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Opens Thursday<blockquote>周四美国市场开盘前的顶线</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\">\nToplines Before US Market Opens Thursday<blockquote>周四美国市场开盘前的顶线</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\">2021-08-19 20:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug 19)&nbsp;Global stocks tumbled, with S&amp;P 500 Index futures down for a third day, while Treasuries and the dollar rallied as concern about the withdrawal of Federal Reserve stimulus mixed with growing angst around the virus and global supply chains. For a fifth straight month, volatility was whipping up around the time stock options were expiring in the U.S.</p><p><blockquote>（8月19日）全球股市暴跌，标普500指数期货连续第三天下跌，而美国国债和美元反弹，原因是对美联储撤回刺激措施的担忧加上对病毒和全球供应链日益增长的焦虑。美国股票期权到期前后，波动性连续第五个月加剧。</blockquote></p><p> At 08:11 a.m. ET, Dow E-minis were down 348 points, or 1%, S&amp;P 500 E-minis were down&nbsp;39 points, or 0.89% and Nasdaq 100 E-minis were&nbsp;down&nbsp;104 points, or 0.70%.</p><p><blockquote>美国东部时间上午 08:11，道琼斯电子迷你指数下跌 348 点，跌幅 1%；标普500电子迷你指数下跌 39 点，跌幅 0.89%；纳斯达克 100 电子迷你指数下跌 104 点，跌幅 0.70%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/07f869f79e115d86c45e9f88f5238386\" tg-width=\"1242\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前波动最大的股票：</b></blockquote></p><p> <b>1)&nbsp;<a href=\"https://laohu8.com/S/M\">Macy's</a></b> – The retailer reported adjusted quarterly earnings of $1.29 per share, well above the 19 cents consensus estimate, with revenue also above forecasts. Macy’s reported a better-than-expected increase in comparable-store sales, raised its annual sales forecast, and also announced a share buyback and the reinstatement of its dividend. Shares jumped 3.7% in the premarket.</p><p><blockquote><b>1) <a href=\"https://laohu8.com/S/M\">梅西百货</a></b>– 该零售商公布调整后季度收益为每股 1.29 美元，远高于 19 美分的市场普遍预期，收入也高于预期。梅西百货公布的同店销售额增幅好于预期，上调了年度销售预测，并宣布回购股票和恢复分红。盘前股价上涨 3.7%。</blockquote></p><p> <b>2)&nbsp;<a href=\"https://laohu8.com/S/KSS\">Kohl's</a></b>– Kohl’s fell 2.6% in premarket action despite quarterly results that beat analyst forecasts. Kohl’s reported an adjusted quarterly profit of $2.48 per share, well above the $1.21 consensus estimate.</p><p><blockquote><b>2) <a href=\"https://laohu8.com/S/KSS\">柯尔百货公司</a></b>- 尽管季度业绩超出分析师预期，但科尔百货公司在盘前交易中仍下跌了 2.6%。科尔百货公司公布的调整后季度利润为每股 2.48 美元，远高于市场普遍预期的 1.21 美元。</blockquote></p><p> <b>3)&nbsp;<a href=\"https://laohu8.com/S/TPR\">Tapestry Inc.</a></b>– The company behind the <a href=\"https://laohu8.com/S/COH\">Coach</a> and <a href=\"https://laohu8.com/S/KATE\">Kate Spade</a> brands beat estimates by 5 cents with adjusted quarterly earnings of 74 cents per share and revenue above estimates as a reopening of economies around the world boosted demand for luxury goods. Tapestry also reinstated its dividend, but shares fell 2.3% in premarket trading.</p><p><blockquote><b>3) <a href=\"https://laohu8.com/S/TPR\">挂毯公司。</a></b>– 背后的公司<a href=\"https://laohu8.com/S/COH\">教练</a>和<a href=\"https://laohu8.com/S/KATE\">凯特·斯派德</a>品牌超出预期 5 美分，调整后季度收益为每股 74 美分，收入高于预期，因为世界各地经济的重新开放提振了对奢侈品的需求。Tapestry 也恢复了股息，但股价在盘前交易中下跌 2.3%。</blockquote></p><p> <b>4)&nbsp;<a href=\"https://laohu8.com/S/WOOF\">Petco Health and Wellness Company, Inc.</a></b> – The pet products retailer beat estimates by 5 cents with adjusted quarterly earnings of 25 cents per share and revenue that beat analyst forecasts as well. Petco also raised its full-year earnings and revenue outlook.</p><p><blockquote><b>4) <a href=\"https://laohu8.com/S/WOOF\">佩特科健康和保健公司。</a></b>– 这家宠物用品零售商超出预期 5 美分，调整后季度收益为每股 25 美分，收入也超出分析师预测。Petco还上调了全年盈利和收入展望。</blockquote></p><p> <b>5)&nbsp;<a href=\"https://laohu8.com/S/BJ\">BJ's Wholesale Club Holdings Inc.</a></b> – The warehouse retailer beat estimates on the top and bottom lines for its latest quarter, earning an adjusted 82 cents per share for the second quarter, 17 cents above estimates. It also reported unexpected growth in same-store sales.</p><p><blockquote><b>5) <a href=\"https://laohu8.com/S/BJ\">BJ批发俱乐部控股公司。</a></b>– 这家仓储零售商最新季度的营收和利润均超出预期，第二季度调整后每股收益为 82 美分，比预期高出 17 美分。它还报告了同店销售额的意外增长。</blockquote></p><p> <b>6)&nbsp;<a href=\"https://laohu8.com/S/HOOD\">Robinhood Markets, Inc.</a></b> – Robinhood slumped 9.9% in the premarket after the company behind the popular trading app warned of a slowdown in trading activity during the current quarter. In its first report as a public company, Robinhood reported its quarterly revenue surged 131% compared with a year earlier, driven by a surge in cryptocurrency activity.</p><p><blockquote><b>6) <a href=\"https://laohu8.com/S/HOOD\">罗宾汉市场公司。</a></b>– Robinhood 在热门交易应用程序背后的公司警告本季度交易活动放缓后，盘前下跌 9.9%。在作为上市公司的第一份报告中，Robinhood 报告称，在加密货币活动激增的推动下，其季度收入与去年同期相比激增了 131%。</blockquote></p><p> <b>7)&nbsp;<a href=\"https://laohu8.com/S/CSCO\">Cisco</a> Systems(CSCO)</b> – The networking equipment and services company beat estimates by 2 cents with adjusted quarterly earnings of 84 cents per share and revenue above estimates as well. Cisco did give a current-quarter profit forecast that fell shy of analyst forecasts, due to supply chain issues, and shares lost 1.4% in premarket trading.</p><p><blockquote><b>7) <a href=\"https://laohu8.com/S/CSCO\">思科</a>系统(CSCO)</b>– 这家网络设备和服务公司超出预期 2 美分，调整后每股收益为 84 美分，收入也高于预期。由于供应链问题，思科确实给出了本季度利润预测，但低于分析师的预测，股价在盘前交易中下跌了 1.4%。</blockquote></p><p> <b>8)&nbsp;<a href=\"https://laohu8.com/S/BBWI\">Bath &amp; Body Works Inc.</a></b> – The personal care products retailer’s stock added 2.7% in premarket trading, after beating Street forecasts in its first quarterly report since L Brands spun off Victoria’s Secret and renamed itself Bath &amp; Body Works.</p><p><blockquote><b>8) <a href=\"https://laohu8.com/S/BBWI\">沐浴和身体工程公司。</a></b>- 这家个人护理产品零售商的股价在盘前交易中上涨了 2.7%，自 L Brands 剥离维多利亚的秘密并更名为 Bath &amp; Body Works 以来，该公司的首份季度报告超出了华尔街的预期。</blockquote></p><p> <b>9)&nbsp;Victoria’s Secret&nbsp;(VSCO) </b>– The women’s apparel company’s shares plunged 8.6% in premarket action, after reporting quarterly sales that fell short of analyst expectations. Victoria’s Secret did see an improvement in profit margins as it kept tight inventories and ran fewer promotions.</p><p><blockquote><b>9）维多利亚的秘密（VSCO）</b>- 这家女装公司公布的季度销售额低于分析师预期，其股价在盘前暴跌 8.6%。维多利亚的秘密在保持库存紧张和减少促销活动的同时，利润率确实有所提高。</blockquote></p><p> <b>10)&nbsp;<a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a></b> – The graphics chipmaker came in 3 cents above estimates with adjusted quarterly earnings of $1.04 per share, while revenue also topped estimates. Nvidia shares gained 1.4% in the premarket after it forecast better-than-expected current-quarter revenue.</p><p><blockquote><b>10) <a href=\"https://laohu8.com/S/NVDA\">英伟达公司</a></b>– 这家图形芯片制造商的调整后季度收益为每股 1.04 美元，比预期高出 3 美分，收入也超出预期。英伟达预测本季度营收好于预期，盘前股价上涨 1.4%。</blockquote></p><p> <b>11)&nbsp;<a href=\"https://laohu8.com/S/TM\">Toyota</a> Motor(TM)</b> – The automaker’s stock dropped 3.1% in premarket trading, following a report by Japan’s Nikkei <a href=\"https://laohu8.com/S/NWS\">News</a> service that Toyota would slash planned September production by 40% due to the global chip shortage.</p><p><blockquote><b>11) <a href=\"https://laohu8.com/S/TM\">丰田</a>电机(TM)</b>- 日本《日经新闻》报道后，该汽车制造商的股价在盘前交易中下跌了 3.1%。<a href=\"https://laohu8.com/S/NWS\">消息</a>由于全球芯片短缺，丰田将把 9 月份的计划产量削减 40%。</blockquote></p><p> <b>12)&nbsp;<a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>(WFC)</b> – The bank reversed a previous decision to discontinue revolving lines of credit, following complaints by customers. However, Wells Fargo will not offer those lines of credit to any new customers. Shares fell 1.7% in the premarket.</p><p><blockquote><b>12) <a href=\"https://laohu8.com/S/WFC\">富国银行</a>（WFC）</b>– 在客户投诉后，该银行撤销了之前停止循环信贷额度的决定。然而，富国银行不会向任何新客户提供这些信贷额度。盘前股价下跌 1.7%。</blockquote></p><p></p><p> <b>13)&nbsp;<a href=\"https://laohu8.com/S/RRGB\">Red Robin Gourmet Burgers</a>(RRGB)</b> – The restaurant chain’s shares tumbled 9.4% in premarket trading after posting an unexpected quarterly loss and lower-than-expected revenue. Red Robin said a worker shortage led to reduced operating hours at certain restaurants during the quarter.</p><p><blockquote><b>13) <a href=\"https://laohu8.com/S/RRGB\">红知更鸟美食汉堡</a>（RRGB）</b>- 这家连锁餐厅的股价在盘前交易中暴跌 9.4%，原因是季度亏损和收入低于预期。Red Robin 表示，工人短缺导致本季度某些餐馆的营业时间减少。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109519324","content_text":"(Aug 19) Global stocks tumbled, with S&P 500 Index futures down for a third day, while Treasuries and the dollar rallied as concern about the withdrawal of Federal Reserve stimulus mixed with growing angst around the virus and global supply chains. For a fifth straight month, volatility was whipping up around the time stock options were expiring in the U.S.\nAt 08:11 a.m. ET, Dow E-minis were down 348 points, or 1%, S&P 500 E-minis were down 39 points, or 0.89% and Nasdaq 100 E-minis were down 104 points, or 0.70%.\n\nStocks making the biggest moves premarket:\n1) Macy's – The retailer reported adjusted quarterly earnings of $1.29 per share, well above the 19 cents consensus estimate, with revenue also above forecasts. Macy’s reported a better-than-expected increase in comparable-store sales, raised its annual sales forecast, and also announced a share buyback and the reinstatement of its dividend. Shares jumped 3.7% in the premarket.\n2) Kohl's– Kohl’s fell 2.6% in premarket action despite quarterly results that beat analyst forecasts. Kohl’s reported an adjusted quarterly profit of $2.48 per share, well above the $1.21 consensus estimate.\n3) Tapestry Inc.– The company behind the Coach and Kate Spade brands beat estimates by 5 cents with adjusted quarterly earnings of 74 cents per share and revenue above estimates as a reopening of economies around the world boosted demand for luxury goods. Tapestry also reinstated its dividend, but shares fell 2.3% in premarket trading.\n4) Petco Health and Wellness Company, Inc. – The pet products retailer beat estimates by 5 cents with adjusted quarterly earnings of 25 cents per share and revenue that beat analyst forecasts as well. Petco also raised its full-year earnings and revenue outlook.\n5) BJ's Wholesale Club Holdings Inc. – The warehouse retailer beat estimates on the top and bottom lines for its latest quarter, earning an adjusted 82 cents per share for the second quarter, 17 cents above estimates. It also reported unexpected growth in same-store sales.\n6) Robinhood Markets, Inc. – Robinhood slumped 9.9% in the premarket after the company behind the popular trading app warned of a slowdown in trading activity during the current quarter. In its first report as a public company, Robinhood reported its quarterly revenue surged 131% compared with a year earlier, driven by a surge in cryptocurrency activity.\n7) Cisco Systems(CSCO) – The networking equipment and services company beat estimates by 2 cents with adjusted quarterly earnings of 84 cents per share and revenue above estimates as well. Cisco did give a current-quarter profit forecast that fell shy of analyst forecasts, due to supply chain issues, and shares lost 1.4% in premarket trading.\n8) Bath & Body Works Inc. – The personal care products retailer’s stock added 2.7% in premarket trading, after beating Street forecasts in its first quarterly report since L Brands spun off Victoria’s Secret and renamed itself Bath & Body Works.\n9) Victoria’s Secret (VSCO) – The women’s apparel company’s shares plunged 8.6% in premarket action, after reporting quarterly sales that fell short of analyst expectations. Victoria’s Secret did see an improvement in profit margins as it kept tight inventories and ran fewer promotions.\n10) NVIDIA Corp – The graphics chipmaker came in 3 cents above estimates with adjusted quarterly earnings of $1.04 per share, while revenue also topped estimates. Nvidia shares gained 1.4% in the premarket after it forecast better-than-expected current-quarter revenue.\n11) Toyota Motor(TM) – The automaker’s stock dropped 3.1% in premarket trading, following a report by Japan’s Nikkei News service that Toyota would slash planned September production by 40% due to the global chip shortage.\n12) Wells Fargo(WFC) – The bank reversed a previous decision to discontinue revolving lines of credit, following complaints by customers. However, Wells Fargo will not offer those lines of credit to any new customers. Shares fell 1.7% in the premarket.\n13) Red Robin Gourmet Burgers(RRGB) – The restaurant chain’s shares tumbled 9.4% in premarket trading after posting an unexpected quarterly loss and lower-than-expected revenue. Red Robin said a worker shortage led to reduced operating hours at certain restaurants during the quarter.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2040,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831808457,"gmtCreate":1629297811479,"gmtModify":1631890458025,"author":{"id":"3581225189719099","authorId":"3581225189719099","name":"743d5c66","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581225189719099","authorIdStr":"3581225189719099"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>sare","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>sare","text":"$Tesla Motors(TSLA)$sare","images":[{"img":"https://static.tigerbbs.com/67b5c0e0b7e346144321d11c55ec7078","width":"720","height":"1280"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/831808457","isVote":1,"tweetType":1,"viewCount":2655,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":831808244,"gmtCreate":1629297784088,"gmtModify":1631890458039,"author":{"id":"3581225189719099","authorId":"3581225189719099","name":"743d5c66","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581225189719099","authorIdStr":"3581225189719099"},"themes":[],"title":"","htmlText":"L","listText":"L","text":"L","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/831808244","repostId":"1173987909","repostType":4,"repost":{"id":"1173987909","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":1629297237,"share":"https://www.laohunote.com/m/news/1173987909?lang=zh_CN&edition=full","pubTime":"2021-08-18 22:33","market":"us","language":"en","title":"The Tertiary Distribution – What Can Chinese Tech Companies Learn from Apple?<blockquote>三级分销——中国科技公司能从苹果学到什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173987909","media":"Tiger Newspress","summary":"According to the latest policy directives issued in China, “The Tertiary Distribution” is about to b","content":"<p>According to the latest policy directives issued in China, “The Tertiary&nbsp;Distribution” is about to be put into effect. Citing various sources, the so-called “The Tertiary Distribution” refers to the further adjustment of social income distribution through social entities’ (enterprises and individuals) voluntary, charitable donations, which is in the stage of micro-adjustment. In the meantime, the policy also clearly instructs that the country should encourage high-income groups and enterprises to give back to society to a greater extent.</p><p><blockquote>根据中国最新发布的政策指引，“三次分配”即将落地。援引各种资料，所谓“三次分配”，是指通过社会主体（企业和个人）自愿、慈善捐赠，进一步调整社会收入分配，处于微观调整阶段。同时，该政策还明确指出，国家要鼓励高收入群体和企业在更大程度上回馈社会。</blockquote></p><p> There are many high-income groups, including celebrities and real estate speculators. And, high-income companies, in terms of financial reports, include leading Internet companies, China’s top five banks, and other state-owned enterprises. Here, we will discuss what Internet companies should do in “The&nbsp;Tertiary Distribution.”</p><p><blockquote>有很多高收入群体，包括名人和炒房客。就财务报告而言，高收入公司包括领先的互联网公司、中国五大银行和其他国有企业。在这里，我们将讨论互联网公司在“三级分销”中应该做什么。</blockquote></p><p> From the view of current beneficial donations, Internet companies have played an increasingly important role. Let’s take the flood disaster that recently occurred in Henan as an example. <a href=\"https://laohu8.com/S/00700\">TENCENT</a> donated 100 million yuan, <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> donated 100 million yuan, and Xiaomi donated 50 million yuan... But there are problems with the current way of donating by Internet companies.</p><p><blockquote>从目前的公益捐赠来看，互联网公司扮演的角色越来越重要。以最近发生在河南的洪涝灾害为例。<a href=\"https://laohu8.com/S/00700\">腾讯控股</a>捐款1亿元，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>捐款1亿元，小米捐款5000万元……但目前互联网公司的捐赠方式存在问题。</blockquote></p><p> <b>1. The burden born by Internet companies is heavy.</b> Although the leading Internet companies have made plenty of profits, many companies are not profitable or even in the red. After the flood disaster of Henan province, Pinduoduo, the largest agriculture-focused technology platform in China, also announced a donation of 100 million yuan. It should be noted that the company is at a loss. The large-scale donation will also deliver an illusion to society: These companies are capable of donating more money.</p><p><blockquote><b>1、互联网企业带来的负担很重。</b>虽然头部互联网公司赚取了丰厚利润，但很多公司并不盈利，甚至亏损。河南省洪涝灾害发生后，国内最大的以农业为主的技术平台拼多多也宣布捐款1亿元。需要注意的是，该公司处于亏损状态。大规模捐赠也会给社会带来一种错觉：这些公司有能力捐出更多的钱。</blockquote></p><p> <b>2. There is a phenomenon of unrealistic comparison among Internet companies.</b> The beneficial donations conducted by Internet corporates have entered the stage of comparison, which is related to Chinese cultural traditions. The donation amount of BAT (<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>, Alibaba, and Tencent) is in one echelon, while that of <a href=\"https://laohu8.com/S/01810\">XIAOMI-W</a> and OmniVision is in another echelon. The comparison on donation amount makes companies complain, and it also makes the public feel that Internet companies are flaunting the considerable wealth.</p><p><blockquote><b>2、互联网企业之间存在不切实际的攀比现象。</b>互联网企业进行的有益捐赠进入攀比阶段，这与中国文化传统有关。BAT的捐赠金额（<a href=\"https://laohu8.com/S/BIDU\">百度</a>、阿里巴巴-SW和腾讯控股）处于同一梯队，而<a href=\"https://laohu8.com/S/01810\">小米集团-W</a>而 OmniVision 则处于另一个梯队。捐赠金额的对比让企业叫苦连天，也让公众觉得互联网企业在炫耀可观的财富。</blockquote></p><p> <b>3. Public beneficial donations are not sustainable.</b> Tencent donated 100 million yuan to help people in Henan fight the natural calamity. What should Tencent do if there is another city suffering from disaster? How much should Tencent donate if there are more natural calamities? Global warming will give rise to more and more disasters. Therefore, the immoderate, planless donations will become a big unknown for the future operation of these enterprises.</p><p><blockquote><b>3.公益性捐赠不可持续。</b>腾讯控股捐赠1亿元帮助河南省人民抗击自然灾害。如果又有一座城市遭受灾难，腾讯控股该怎么办？如果自然灾害更多，腾讯控股应该捐多少钱？全球变暖将引发越来越多的灾难。因此，过度、无计划的捐赠将成为这些企业未来经营的一大未知数。</blockquote></p><p> The United States is the country that has done the best in public welfare. As a leading conglomerate in the United States, how does <a href=\"https://laohu8.com/S/AAPL\">Apple</a> deal with “The Tertiary Distributions?”</p><p><blockquote>美国是公益事业做得最好的国家。作为美国领先的企业集团，如何<a href=\"https://laohu8.com/S/AAPL\">苹果</a>处理“三级分销？”</blockquote></p><p> Apple has partly disclosed the information on its charitable donations. According to the disclosure, charitable donations completed by Apple can be divided into three parts: <b>a. Employee Giving Program; b. Community Investment Team; c. Grant Program</b>.</p><p><blockquote>苹果已经部分披露了其慈善捐款的信息。根据披露，苹果完成的慈善捐赠可以分为三部分：<b>a.员工捐赠计划；乙。社区投资团队；c。赠款计划</b>.</blockquote></p><p> The second public welfare plan, namely “Community Investment Team,” is for NGOs across the globe. Since the amount has not been disclosed, it is estimated that the amount of donation is not much. The third plan “Grant Program” is for the locations of Apple/groups, with an annual quota of $1 million. Only the first plan is the focus of Apple’s philanthropy.</p><p><blockquote>第二个公益计划是 “社区投资团队 ”，面向全球各地的非政府组织。由于金额尚未公开，估计捐赠金额并不多。第三个计划 “赠款计划 ”是针对苹果/团体的所在地，年度配额为 100 万美元。只有第一个计划是苹果慈善事业的重点。</blockquote></p><p> Apple’s Employee Giving Program is based on employee donations, and the company conducts a match rate of 1:1. Beyond that, Apple will also match the time spent by employees in public welfare activities at $25 per hour. Since the implementation of the project in 2011, more than $600 million has been donated by the company and its employees, benefiting 34,000 organizations worldwide, and employees have together contributed 1.6 million hours of work.</p><p><blockquote>苹果的员工捐赠计划以员工捐款为基础，公司实行 1:1 的匹配率。除此之外，苹果还将以每小时25美元的价格匹配员工参加公益活动的时间。自2011年实施该项目以来，公司及其员工已捐赠超过6亿美元，惠及全球3.4万个组织，员工共贡献160万小时的工作时间。</blockquote></p><p> The advantages are listed as follows:</p><p><blockquote>优点如下：</blockquote></p><p> <b>1. The company can be better protected. </b>The company’s move of placing employees on the front line of public welfare undertakings can arouse the enthusiasm of employees and also hide the company behind them. Apple will never get caught up in public opinions like “Why don’t Apple donate as much as <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>?”.</p><p><blockquote><b>1、公司可以得到更好的保护。</b>公司将员工置于公益事业第一线的举动，既能调动员工的积极性，也能将公司隐藏在员工身后。苹果永远不会陷入诸如 “为什么苹果不捐赠那么多<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>?”.</blockquote></p><p></p><p> <b>2. Tax avoidance is best realized.</b> Donations made by enterprises to public welfare undertakings will always be suspected of tax avoidance and will also be questioned by the public. However, if the donation amount of an enterprise is matched by that of employees, the company’s expenditure can be figured in the employee’s expense item (salary) in the company’s financial report, which reduces the tax base.</p><p><blockquote><b>2、避税最好实现。</b>企业向公益事业捐款，总会有避税之嫌，也会受到公众的质疑。但是，如果企业的捐赠金额与员工的捐赠金额相匹配，企业的支出就可以在企业财务报告中的员工支出项目（工资）中计算，这样就减少了计税基数。</blockquote></p><p> <b>3. The scope of charity is wider.</b> Apple has a large number of employees spreading widely around the world. The charity projects they seek on their own are far more than those concerned by the media. Apple’s philanthropy spreads to all corners of society, which will be pretty good for the overall image of Apple. Compared with the recently happened disaster in Henan province which attracted countless donations, there are more other public welfare undertakings that have not been reported by media and paid attention to by both individuals and companies. If employees of Tencent, Alibaba, and Xiaomi can be mobilized to explore more public welfare projects, the inclusive work for society will be much better.</p><p><blockquote><b>3.慈善的范围更广。</b>苹果在世界各地拥有大量员工。他们自己寻求的慈善项目远远超过媒体关注的。苹果的慈善事业遍及社会各个角落，这对苹果的整体形象大有裨益。与近期发生在河南省的灾难吸引了无数捐款相比，还有更多其他公益事业没有被媒体报道，无论是个人还是企业都在关注。如果能动员腾讯控股、阿里巴巴-SW、小米的员工去探索更多的公益项目，对社会的普惠工作会好很多。</blockquote></p><p> To my point of view, Chinese Internet companies should learn from Apple’s experience and earnestly welcome “The Tertiary Distribution.”</p><p><blockquote>在我看来，中国互联网公司应该学习苹果的经验，真诚地欢迎“三次分销”。</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>The Tertiary Distribution – What Can Chinese Tech Companies Learn from Apple?<blockquote>三级分销——中国科技公司能从苹果学到什么？</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\">\nThe Tertiary Distribution – What Can Chinese Tech Companies Learn from Apple?<blockquote>三级分销——中国科技公司能从苹果学到什么？</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\">2021-08-18 22:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to the latest policy directives issued in China, “The Tertiary&nbsp;Distribution” is about to be put into effect. Citing various sources, the so-called “The Tertiary Distribution” refers to the further adjustment of social income distribution through social entities’ (enterprises and individuals) voluntary, charitable donations, which is in the stage of micro-adjustment. In the meantime, the policy also clearly instructs that the country should encourage high-income groups and enterprises to give back to society to a greater extent.</p><p><blockquote>根据中国最新发布的政策指引，“三次分配”即将落地。援引各种资料，所谓“三次分配”，是指通过社会主体（企业和个人）自愿、慈善捐赠，进一步调整社会收入分配，处于微观调整阶段。同时，该政策还明确指出，国家要鼓励高收入群体和企业在更大程度上回馈社会。</blockquote></p><p> There are many high-income groups, including celebrities and real estate speculators. And, high-income companies, in terms of financial reports, include leading Internet companies, China’s top five banks, and other state-owned enterprises. Here, we will discuss what Internet companies should do in “The&nbsp;Tertiary Distribution.”</p><p><blockquote>有很多高收入群体，包括名人和炒房客。就财务报告而言，高收入公司包括领先的互联网公司、中国五大银行和其他国有企业。在这里，我们将讨论互联网公司在“三级分销”中应该做什么。</blockquote></p><p> From the view of current beneficial donations, Internet companies have played an increasingly important role. Let’s take the flood disaster that recently occurred in Henan as an example. <a href=\"https://laohu8.com/S/00700\">TENCENT</a> donated 100 million yuan, <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> donated 100 million yuan, and Xiaomi donated 50 million yuan... But there are problems with the current way of donating by Internet companies.</p><p><blockquote>从目前的公益捐赠来看，互联网公司扮演的角色越来越重要。以最近发生在河南的洪涝灾害为例。<a href=\"https://laohu8.com/S/00700\">腾讯控股</a>捐款1亿元，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>捐款1亿元，小米捐款5000万元……但目前互联网公司的捐赠方式存在问题。</blockquote></p><p> <b>1. The burden born by Internet companies is heavy.</b> Although the leading Internet companies have made plenty of profits, many companies are not profitable or even in the red. After the flood disaster of Henan province, Pinduoduo, the largest agriculture-focused technology platform in China, also announced a donation of 100 million yuan. It should be noted that the company is at a loss. The large-scale donation will also deliver an illusion to society: These companies are capable of donating more money.</p><p><blockquote><b>1、互联网企业带来的负担很重。</b>虽然头部互联网公司赚取了丰厚利润，但很多公司并不盈利，甚至亏损。河南省洪涝灾害发生后，国内最大的以农业为主的技术平台拼多多也宣布捐款1亿元。需要注意的是，该公司处于亏损状态。大规模捐赠也会给社会带来一种错觉：这些公司有能力捐出更多的钱。</blockquote></p><p> <b>2. There is a phenomenon of unrealistic comparison among Internet companies.</b> The beneficial donations conducted by Internet corporates have entered the stage of comparison, which is related to Chinese cultural traditions. The donation amount of BAT (<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>, Alibaba, and Tencent) is in one echelon, while that of <a href=\"https://laohu8.com/S/01810\">XIAOMI-W</a> and OmniVision is in another echelon. The comparison on donation amount makes companies complain, and it also makes the public feel that Internet companies are flaunting the considerable wealth.</p><p><blockquote><b>2、互联网企业之间存在不切实际的攀比现象。</b>互联网企业进行的有益捐赠进入攀比阶段，这与中国文化传统有关。BAT的捐赠金额（<a href=\"https://laohu8.com/S/BIDU\">百度</a>、阿里巴巴-SW和腾讯控股）处于同一梯队，而<a href=\"https://laohu8.com/S/01810\">小米集团-W</a>而 OmniVision 则处于另一个梯队。捐赠金额的对比让企业叫苦连天，也让公众觉得互联网企业在炫耀可观的财富。</blockquote></p><p> <b>3. Public beneficial donations are not sustainable.</b> Tencent donated 100 million yuan to help people in Henan fight the natural calamity. What should Tencent do if there is another city suffering from disaster? How much should Tencent donate if there are more natural calamities? Global warming will give rise to more and more disasters. Therefore, the immoderate, planless donations will become a big unknown for the future operation of these enterprises.</p><p><blockquote><b>3.公益性捐赠不可持续。</b>腾讯控股捐赠1亿元帮助河南省人民抗击自然灾害。如果又有一座城市遭受灾难，腾讯控股该怎么办？如果自然灾害更多，腾讯控股应该捐多少钱？全球变暖将引发越来越多的灾难。因此，过度、无计划的捐赠将成为这些企业未来经营的一大未知数。</blockquote></p><p> The United States is the country that has done the best in public welfare. As a leading conglomerate in the United States, how does <a href=\"https://laohu8.com/S/AAPL\">Apple</a> deal with “The Tertiary Distributions?”</p><p><blockquote>美国是公益事业做得最好的国家。作为美国领先的企业集团，如何<a href=\"https://laohu8.com/S/AAPL\">苹果</a>处理“三级分销？”</blockquote></p><p> Apple has partly disclosed the information on its charitable donations. According to the disclosure, charitable donations completed by Apple can be divided into three parts: <b>a. Employee Giving Program; b. Community Investment Team; c. Grant Program</b>.</p><p><blockquote>苹果已经部分披露了其慈善捐款的信息。根据披露，苹果完成的慈善捐赠可以分为三部分：<b>a.员工捐赠计划；乙。社区投资团队；c。赠款计划</b>.</blockquote></p><p> The second public welfare plan, namely “Community Investment Team,” is for NGOs across the globe. Since the amount has not been disclosed, it is estimated that the amount of donation is not much. The third plan “Grant Program” is for the locations of Apple/groups, with an annual quota of $1 million. Only the first plan is the focus of Apple’s philanthropy.</p><p><blockquote>第二个公益计划是 “社区投资团队 ”，面向全球各地的非政府组织。由于金额尚未公开，估计捐赠金额并不多。第三个计划 “赠款计划 ”是针对苹果/团体的所在地，年度配额为 100 万美元。只有第一个计划是苹果慈善事业的重点。</blockquote></p><p> Apple’s Employee Giving Program is based on employee donations, and the company conducts a match rate of 1:1. Beyond that, Apple will also match the time spent by employees in public welfare activities at $25 per hour. Since the implementation of the project in 2011, more than $600 million has been donated by the company and its employees, benefiting 34,000 organizations worldwide, and employees have together contributed 1.6 million hours of work.</p><p><blockquote>苹果的员工捐赠计划以员工捐款为基础，公司实行 1:1 的匹配率。除此之外，苹果还将以每小时25美元的价格匹配员工参加公益活动的时间。自2011年实施该项目以来，公司及其员工已捐赠超过6亿美元，惠及全球3.4万个组织，员工共贡献160万小时的工作时间。</blockquote></p><p> The advantages are listed as follows:</p><p><blockquote>优点如下：</blockquote></p><p> <b>1. The company can be better protected. </b>The company’s move of placing employees on the front line of public welfare undertakings can arouse the enthusiasm of employees and also hide the company behind them. Apple will never get caught up in public opinions like “Why don’t Apple donate as much as <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>?”.</p><p><blockquote><b>1、公司可以得到更好的保护。</b>公司将员工置于公益事业第一线的举动，既能调动员工的积极性，也能将公司隐藏在员工身后。苹果永远不会陷入诸如 “为什么苹果不捐赠那么多<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>?”.</blockquote></p><p></p><p> <b>2. Tax avoidance is best realized.</b> Donations made by enterprises to public welfare undertakings will always be suspected of tax avoidance and will also be questioned by the public. However, if the donation amount of an enterprise is matched by that of employees, the company’s expenditure can be figured in the employee’s expense item (salary) in the company’s financial report, which reduces the tax base.</p><p><blockquote><b>2、避税最好实现。</b>企业向公益事业捐款，总会有避税之嫌，也会受到公众的质疑。但是，如果企业的捐赠金额与员工的捐赠金额相匹配，企业的支出就可以在企业财务报告中的员工支出项目（工资）中计算，这样就减少了计税基数。</blockquote></p><p> <b>3. The scope of charity is wider.</b> Apple has a large number of employees spreading widely around the world. The charity projects they seek on their own are far more than those concerned by the media. Apple’s philanthropy spreads to all corners of society, which will be pretty good for the overall image of Apple. Compared with the recently happened disaster in Henan province which attracted countless donations, there are more other public welfare undertakings that have not been reported by media and paid attention to by both individuals and companies. If employees of Tencent, Alibaba, and Xiaomi can be mobilized to explore more public welfare projects, the inclusive work for society will be much better.</p><p><blockquote><b>3.慈善的范围更广。</b>苹果在世界各地拥有大量员工。他们自己寻求的慈善项目远远超过媒体关注的。苹果的慈善事业遍及社会各个角落，这对苹果的整体形象大有裨益。与近期发生在河南省的灾难吸引了无数捐款相比，还有更多其他公益事业没有被媒体报道，无论是个人还是企业都在关注。如果能动员腾讯控股、阿里巴巴-SW、小米的员工去探索更多的公益项目，对社会的普惠工作会好很多。</blockquote></p><p> To my point of view, Chinese Internet companies should learn from Apple’s experience and earnestly welcome “The Tertiary Distribution.”</p><p><blockquote>在我看来，中国互联网公司应该学习苹果的经验，真诚地欢迎“三次分销”。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多","01810":"小米集团-W","AAPL":"苹果","BABA":"阿里巴巴","BIDU":"百度","00700":"腾讯控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173987909","content_text":"According to the latest policy directives issued in China, “The Tertiary Distribution” is about to be put into effect. Citing various sources, the so-called “The Tertiary Distribution” refers to the further adjustment of social income distribution through social entities’ (enterprises and individuals) voluntary, charitable donations, which is in the stage of micro-adjustment. In the meantime, the policy also clearly instructs that the country should encourage high-income groups and enterprises to give back to society to a greater extent.\nThere are many high-income groups, including celebrities and real estate speculators. And, high-income companies, in terms of financial reports, include leading Internet companies, China’s top five banks, and other state-owned enterprises. Here, we will discuss what Internet companies should do in “The Tertiary Distribution.”\nFrom the view of current beneficial donations, Internet companies have played an increasingly important role. Let’s take the flood disaster that recently occurred in Henan as an example. TENCENT donated 100 million yuan, Alibaba donated 100 million yuan, and Xiaomi donated 50 million yuan... But there are problems with the current way of donating by Internet companies.\n1. The burden born by Internet companies is heavy. Although the leading Internet companies have made plenty of profits, many companies are not profitable or even in the red. After the flood disaster of Henan province, Pinduoduo, the largest agriculture-focused technology platform in China, also announced a donation of 100 million yuan. It should be noted that the company is at a loss. The large-scale donation will also deliver an illusion to society: These companies are capable of donating more money.\n2. There is a phenomenon of unrealistic comparison among Internet companies. The beneficial donations conducted by Internet corporates have entered the stage of comparison, which is related to Chinese cultural traditions. The donation amount of BAT (Baidu, Alibaba, and Tencent) is in one echelon, while that of XIAOMI-W and OmniVision is in another echelon. The comparison on donation amount makes companies complain, and it also makes the public feel that Internet companies are flaunting the considerable wealth.\n3. Public beneficial donations are not sustainable. Tencent donated 100 million yuan to help people in Henan fight the natural calamity. What should Tencent do if there is another city suffering from disaster? How much should Tencent donate if there are more natural calamities? Global warming will give rise to more and more disasters. Therefore, the immoderate, planless donations will become a big unknown for the future operation of these enterprises.\nThe United States is the country that has done the best in public welfare. As a leading conglomerate in the United States, how does Apple deal with “The Tertiary Distributions?”\nApple has partly disclosed the information on its charitable donations. According to the disclosure, charitable donations completed by Apple can be divided into three parts: a. Employee Giving Program; b. Community Investment Team; c. Grant Program.\nThe second public welfare plan, namely “Community Investment Team,” is for NGOs across the globe. Since the amount has not been disclosed, it is estimated that the amount of donation is not much. The third plan “Grant Program” is for the locations of Apple/groups, with an annual quota of $1 million. Only the first plan is the focus of Apple’s philanthropy.\nApple’s Employee Giving Program is based on employee donations, and the company conducts a match rate of 1:1. Beyond that, Apple will also match the time spent by employees in public welfare activities at $25 per hour. Since the implementation of the project in 2011, more than $600 million has been donated by the company and its employees, benefiting 34,000 organizations worldwide, and employees have together contributed 1.6 million hours of work.\nThe advantages are listed as follows:\n1. The company can be better protected. The company’s move of placing employees on the front line of public welfare undertakings can arouse the enthusiasm of employees and also hide the company behind them. Apple will never get caught up in public opinions like “Why don’t Apple donate as much as Alphabet?”.\n2. Tax avoidance is best realized. Donations made by enterprises to public welfare undertakings will always be suspected of tax avoidance and will also be questioned by the public. However, if the donation amount of an enterprise is matched by that of employees, the company’s expenditure can be figured in the employee’s expense item (salary) in the company’s financial report, which reduces the tax base.\n3. The scope of charity is wider. Apple has a large number of employees spreading widely around the world. The charity projects they seek on their own are far more than those concerned by the media. Apple’s philanthropy spreads to all corners of society, which will be pretty good for the overall image of Apple. Compared with the recently happened disaster in Henan province which attracted countless donations, there are more other public welfare undertakings that have not been reported by media and paid attention to by both individuals and companies. If employees of Tencent, Alibaba, and Xiaomi can be mobilized to explore more public welfare projects, the inclusive work for society will be much better.\nTo my point of view, Chinese Internet companies should learn from Apple’s experience and earnestly welcome “The Tertiary Distribution.”","news_type":1,"symbols_score_info":{"00700":0.9,"BABA":0.9,"BIDU":0.9,"PDD":0.9,"AAPL":0.9,"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":3230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831801661,"gmtCreate":1629297762253,"gmtModify":1631890458046,"author":{"id":"3581225189719099","authorId":"3581225189719099","name":"743d5c66","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581225189719099","authorIdStr":"3581225189719099"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/831801661","repostId":"1181537707","repostType":4,"repost":{"id":"1181537707","kind":"news","pubTimestamp":1629297265,"share":"https://www.laohunote.com/m/news/1181537707?lang=zh_CN&edition=full","pubTime":"2021-08-18 22:34","market":"us","language":"en","title":"Inflation Is Higher in the U.S. Than Elsewhere, but Don’t Panic<blockquote>美国的通货膨胀率高于其他地方，但不要恐慌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181537707","media":"The Wall Street Journal","summary":"While prices in the eurozone appear to be rising more slowly, the difference isn’t best explained by","content":"<p>  While prices in the eurozone appear to be rising more slowly, the difference isn’t best explained by any inflationary economic policies in Washington.  <img src=\"https://static.tigerbbs.com/ca674d5c6ff01a5f89997288be6364b8\" tg-width=\"871\" tg-height=\"517\" width=\"100%\" height=\"auto\">America likes being exceptional, but too much exceptionalism when it comes to inflation is starting to cause concern. A closer look at the data suggests that investors can keep calm.</p><p><blockquote>虽然欧元区的物价上涨速度似乎较慢，但华盛顿的任何通货膨胀经济政策都无法最好地解释这种差异。美国喜欢例外，但在通货膨胀方面过多的例外主义开始引起关注。仔细观察数据表明，投资者可以保持冷静。</blockquote></p><p> On Wednesday, official figures confirmed that the harmonized consumer-price index in the eurozone rose 2.2% in July from a year earlier. This marked an acceleration relative to June, when inflation was 1.9%. But stripping out energy, food, alcohol and tobacco prices to see what is dubbed “core” inflation, the index only rose 0.7%, down from 0.9% the previous month.</p><p><blockquote>周三，官方数据证实，欧元区7月份统一消费者价格指数同比上涨2.2%。这标志着与 6 月份相比有所加速，当时通胀率为 1.9%。但如果剔除能源、食品、酒精和烟草价格，看看所谓的 “核心 ”通胀，该指数仅上涨了 0.7%，低于上月的 0.9%。</blockquote></p><p> What is surprising isn’t inflation being too strong in the eurozone, but rather it being too weakrelative to the U.S., where CPI growth reached 5.4% in July, with core inflation at 4.3%.</p><p><blockquote>令人惊讶的不是欧元区的通胀过于强劲，而是与美国相比过于疲软，美国 7 月份 CPI 增长率达到 5.4%，核心通胀率为 4.3%。</blockquote></p><p> Officials argue that today’s inflation is only temporarily higher as global prices rebound from the troughs of the pandemic and companies work through supply bottlenecks. Yet, if it is so much higher in the U.S., doesn’t this mean that excessive fiscal and monetary policy are driving the economy—since transfers to households have been less generous in Europe—and could trigger a dangerous delayed reaction by the Federal Reserve? Some prominent economists think so.</p><p><blockquote>官员们认为，随着全球物价从大流行病的低谷中反弹，以及企业克服供应瓶颈，今天的通货膨胀率只是暂时上升。然而，如果美国的这一数字如此之高，这是否意味着过度的财政和货币政策正在推动经济发展--因为欧洲对家庭的转移支付并不那么慷慨--并可能引发美联储危险的延迟反应？一些著名经济学家是这么认为的。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d76c2a0f13ab39592583dd45f8a3a9d2\" tg-width=\"742\" tg-height=\"416\" width=\"100%\" height=\"auto\">Once compared with U.S. data, however, Wednesday’s figures show that more than half of the 3.2-percentage-point gap between inflation figures across the Atlantic can be explained away by two factors.</p><p><blockquote>然而，与美国的数据相比，周三的数据显示，大西洋两岸通胀数据之间 3.2 个百分点的差距有一半以上可以用两个因素来解释。</blockquote></p><p> The first is Americans’ reliance on used cars, which make up 3.5% of their consumption baskets, versus 1.1% for Europeans. Auto makers are having production issues due to a microchip shortage. In Europe, consumers have delayed car purchases. In the U.S., they have bid the price of used cars up 42%.</p><p><blockquote>首先是美国人对二手车的依赖，二手车占其消费篮子的 3.5%，而欧洲人的这一比例为 1.1%。由于微芯片短缺，汽车制造商面临生产问题。在欧洲，消费者推迟了购车。在美国，他们将二手车的价格提高了42%。</blockquote></p><p> The other has to do with the way shelter costs are calculated. U.S. numbers include a theoretical category that factors in the rent that owner-occupiers would pay if they rented, whereas European statistics only count those who are actually renting—an issue that the European Central Bank is seeking to address. This has long made eurozone inflation appear lower, and is key now: While rents in both regions are up by a similar amount, they account for a massive 31% of the U.S. CPI basket, and only 7.5% of the European one.</p><p><blockquote>另一个与住房成本的计算方式有关。美国的数据包括一个理论类别，该类别考虑了业主兼居住者如果出租将支付的租金，而欧洲的统计数据只计算那些实际出租的人——这是欧洲央行正在寻求解决的问题。长期以来，这使得欧元区通胀率显得较低，现在也是关键：虽然这两个地区的租金上涨幅度相似，但它们占美国 CPI 篮子的 31%，仅占欧洲 CPI 篮子的 7.5%。</blockquote></p><p> Of the differences that remain, most seem related to the U.S. having reopened its economy first, particularly travel. Airfares are up 19%, reflecting the degree of normality U.S. carriers are enjoying in the domestic market. Meanwhile, their European counterparts are still dealing with rafts of travel restrictions and have only increased prices 1%. There are similar stories for restaurants and hotels.</p><p><blockquote>在仍然存在的分歧中，大多数似乎与美国首先重新开放经济有关，尤其是旅游业。机票价格上涨了19%，反映出美国航空公司在国内市场享有的正常程度。与此同时，欧洲同行仍在应对大量旅行限制，价格仅上涨了1%。餐馆和酒店也有类似的故事。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d71c445a20f52dd97521b03eb12d417f\" tg-width=\"725\" tg-height=\"415\" width=\"100%\" height=\"auto\">To be sure, the relative surge in some price categories, such as apparel, could be more indicative of demand-led pressure caused by American consumers being awash with cash. But the weakness inthe latest U.S. retail sales datashould be a check on any assumptions that a short-term rebound in spending willnecessarily lead to a sustained boom.</p><p><blockquote>可以肯定的是，服装等某些价格类别的相对飙升可能更多地表明美国消费者现金充裕所造成的需求主导压力。但最新美国零售销售数据的疲软应该是对任何假设的验证，即支出的短期反弹必然会导致持续繁荣。</blockquote></p><p> Overall, most goods’ prices have remained remarkably stable during the pandemic. A rebound in services will likely help European headline inflation catch up with its U.S. counterpart somewhat in the coming months. With the labor market recovery far from complete, though, signs of economic overheating on either side of the Atlantic are likely a mathematical mirage.</p><p><blockquote>总体而言，在大流行病期间，大多数商品的价格都保持了非常稳定的状态。服务业的反弹可能会帮助欧洲总体通胀在未来几个月内在一定程度上赶上美国。然而，随着劳动力市场的复苏还远未完全，大西洋两岸经济过热的迹象可能只是一个数学海市蜃楼。</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>Inflation Is Higher in the U.S. Than Elsewhere, but Don’t Panic<blockquote>美国的通货膨胀率高于其他地方，但不要恐慌</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\">\nInflation Is Higher in the U.S. Than Elsewhere, but Don’t Panic<blockquote>美国的通货膨胀率高于其他地方，但不要恐慌</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\">2021-08-18 22:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  While prices in the eurozone appear to be rising more slowly, the difference isn’t best explained by any inflationary economic policies in Washington.  <img src=\"https://static.tigerbbs.com/ca674d5c6ff01a5f89997288be6364b8\" tg-width=\"871\" tg-height=\"517\" width=\"100%\" height=\"auto\">America likes being exceptional, but too much exceptionalism when it comes to inflation is starting to cause concern. A closer look at the data suggests that investors can keep calm.</p><p><blockquote>虽然欧元区的物价上涨速度似乎较慢，但华盛顿的任何通货膨胀经济政策都无法最好地解释这种差异。美国喜欢例外，但在通货膨胀方面过多的例外主义开始引起关注。仔细观察数据表明，投资者可以保持冷静。</blockquote></p><p> On Wednesday, official figures confirmed that the harmonized consumer-price index in the eurozone rose 2.2% in July from a year earlier. This marked an acceleration relative to June, when inflation was 1.9%. But stripping out energy, food, alcohol and tobacco prices to see what is dubbed “core” inflation, the index only rose 0.7%, down from 0.9% the previous month.</p><p><blockquote>周三，官方数据证实，欧元区7月份统一消费者价格指数同比上涨2.2%。这标志着与 6 月份相比有所加速，当时通胀率为 1.9%。但如果剔除能源、食品、酒精和烟草价格，看看所谓的 “核心 ”通胀，该指数仅上涨了 0.7%，低于上月的 0.9%。</blockquote></p><p> What is surprising isn’t inflation being too strong in the eurozone, but rather it being too weakrelative to the U.S., where CPI growth reached 5.4% in July, with core inflation at 4.3%.</p><p><blockquote>令人惊讶的不是欧元区的通胀过于强劲，而是与美国相比过于疲软，美国 7 月份 CPI 增长率达到 5.4%，核心通胀率为 4.3%。</blockquote></p><p> Officials argue that today’s inflation is only temporarily higher as global prices rebound from the troughs of the pandemic and companies work through supply bottlenecks. Yet, if it is so much higher in the U.S., doesn’t this mean that excessive fiscal and monetary policy are driving the economy—since transfers to households have been less generous in Europe—and could trigger a dangerous delayed reaction by the Federal Reserve? Some prominent economists think so.</p><p><blockquote>官员们认为，随着全球物价从大流行病的低谷中反弹，以及企业克服供应瓶颈，今天的通货膨胀率只是暂时上升。然而，如果美国的这一数字如此之高，这是否意味着过度的财政和货币政策正在推动经济发展--因为欧洲对家庭的转移支付并不那么慷慨--并可能引发美联储危险的延迟反应？一些著名经济学家是这么认为的。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d76c2a0f13ab39592583dd45f8a3a9d2\" tg-width=\"742\" tg-height=\"416\" width=\"100%\" height=\"auto\">Once compared with U.S. data, however, Wednesday’s figures show that more than half of the 3.2-percentage-point gap between inflation figures across the Atlantic can be explained away by two factors.</p><p><blockquote>然而，与美国的数据相比，周三的数据显示，大西洋两岸通胀数据之间 3.2 个百分点的差距有一半以上可以用两个因素来解释。</blockquote></p><p> The first is Americans’ reliance on used cars, which make up 3.5% of their consumption baskets, versus 1.1% for Europeans. Auto makers are having production issues due to a microchip shortage. In Europe, consumers have delayed car purchases. In the U.S., they have bid the price of used cars up 42%.</p><p><blockquote>首先是美国人对二手车的依赖，二手车占其消费篮子的 3.5%，而欧洲人的这一比例为 1.1%。由于微芯片短缺，汽车制造商面临生产问题。在欧洲，消费者推迟了购车。在美国，他们将二手车的价格提高了42%。</blockquote></p><p> The other has to do with the way shelter costs are calculated. U.S. numbers include a theoretical category that factors in the rent that owner-occupiers would pay if they rented, whereas European statistics only count those who are actually renting—an issue that the European Central Bank is seeking to address. This has long made eurozone inflation appear lower, and is key now: While rents in both regions are up by a similar amount, they account for a massive 31% of the U.S. CPI basket, and only 7.5% of the European one.</p><p><blockquote>另一个与住房成本的计算方式有关。美国的数据包括一个理论类别，该类别考虑了业主兼居住者如果出租将支付的租金，而欧洲的统计数据只计算那些实际出租的人——这是欧洲央行正在寻求解决的问题。长期以来，这使得欧元区通胀率显得较低，现在也是关键：虽然这两个地区的租金上涨幅度相似，但它们占美国 CPI 篮子的 31%，仅占欧洲 CPI 篮子的 7.5%。</blockquote></p><p> Of the differences that remain, most seem related to the U.S. having reopened its economy first, particularly travel. Airfares are up 19%, reflecting the degree of normality U.S. carriers are enjoying in the domestic market. Meanwhile, their European counterparts are still dealing with rafts of travel restrictions and have only increased prices 1%. There are similar stories for restaurants and hotels.</p><p><blockquote>在仍然存在的分歧中，大多数似乎与美国首先重新开放经济有关，尤其是旅游业。机票价格上涨了19%，反映出美国航空公司在国内市场享有的正常程度。与此同时，欧洲同行仍在应对大量旅行限制，价格仅上涨了1%。餐馆和酒店也有类似的故事。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d71c445a20f52dd97521b03eb12d417f\" tg-width=\"725\" tg-height=\"415\" width=\"100%\" height=\"auto\">To be sure, the relative surge in some price categories, such as apparel, could be more indicative of demand-led pressure caused by American consumers being awash with cash. But the weakness inthe latest U.S. retail sales datashould be a check on any assumptions that a short-term rebound in spending willnecessarily lead to a sustained boom.</p><p><blockquote>可以肯定的是，服装等某些价格类别的相对飙升可能更多地表明美国消费者现金充裕所造成的需求主导压力。但最新美国零售销售数据的疲软应该是对任何假设的验证，即支出的短期反弹必然会导致持续繁荣。</blockquote></p><p> Overall, most goods’ prices have remained remarkably stable during the pandemic. A rebound in services will likely help European headline inflation catch up with its U.S. counterpart somewhat in the coming months. With the labor market recovery far from complete, though, signs of economic overheating on either side of the Atlantic are likely a mathematical mirage.</p><p><blockquote>总体而言，在大流行病期间，大多数商品的价格都保持了非常稳定的状态。服务业的反弹可能会帮助欧洲总体通胀在未来几个月内在一定程度上赶上美国。然而，随着劳动力市场的复苏还远未完全，大西洋两岸经济过热的迹象可能只是一个数学海市蜃楼。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/inflation-is-higher-in-the-u-s-than-elsewhere-but-dont-panic-11629296911?mod=rss_markets_main\">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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.wsj.com/articles/inflation-is-higher-in-the-u-s-than-elsewhere-but-dont-panic-11629296911?mod=rss_markets_main","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181537707","content_text":"While prices in the eurozone appear to be rising more slowly, the difference isn’t best explained by any inflationary economic policies in Washington.\n\nAmerica likes being exceptional, but too much exceptionalism when it comes to inflation is starting to cause concern. A closer look at the data suggests that investors can keep calm.\nOn Wednesday, official figures confirmed that the harmonized consumer-price index in the eurozone rose 2.2% in July from a year earlier. This marked an acceleration relative to June, when inflation was 1.9%. But stripping out energy, food, alcohol and tobacco prices to see what is dubbed “core” inflation, the index only rose 0.7%, down from 0.9% the previous month.\nWhat is surprising isn’t inflation being too strong in the eurozone, but rather it being too weakrelative to the U.S., where CPI growth reached 5.4% in July, with core inflation at 4.3%.\nOfficials argue that today’s inflation is only temporarily higher as global prices rebound from the troughs of the pandemic and companies work through supply bottlenecks. Yet, if it is so much higher in the U.S., doesn’t this mean that excessive fiscal and monetary policy are driving the economy—since transfers to households have been less generous in Europe—and could trigger a dangerous delayed reaction by the Federal Reserve? Some prominent economists think so.\nOnce compared with U.S. data, however, Wednesday’s figures show that more than half of the 3.2-percentage-point gap between inflation figures across the Atlantic can be explained away by two factors.\nThe first is Americans’ reliance on used cars, which make up 3.5% of their consumption baskets, versus 1.1% for Europeans. Auto makers are having production issues due to a microchip shortage. In Europe, consumers have delayed car purchases. In the U.S., they have bid the price of used cars up 42%.\nThe other has to do with the way shelter costs are calculated. U.S. numbers include a theoretical category that factors in the rent that owner-occupiers would pay if they rented, whereas European statistics only count those who are actually renting—an issue that the European Central Bank is seeking to address. This has long made eurozone inflation appear lower, and is key now: While rents in both regions are up by a similar amount, they account for a massive 31% of the U.S. CPI basket, and only 7.5% of the European one.\nOf the differences that remain, most seem related to the U.S. having reopened its economy first, particularly travel. Airfares are up 19%, reflecting the degree of normality U.S. carriers are enjoying in the domestic market. Meanwhile, their European counterparts are still dealing with rafts of travel restrictions and have only increased prices 1%. There are similar stories for restaurants and hotels.\nTo be sure, the relative surge in some price categories, such as apparel, could be more indicative of demand-led pressure caused by American consumers being awash with cash. But the weakness inthe latest U.S. retail sales datashould be a check on any assumptions that a short-term rebound in spending willnecessarily lead to a sustained boom.\nOverall, most goods’ prices have remained remarkably stable during the pandemic. A rebound in services will likely help European headline inflation catch up with its U.S. counterpart somewhat in the coming months. With the labor market recovery far from complete, though, signs of economic overheating on either side of the Atlantic are likely a mathematical mirage.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831800734,"gmtCreate":1629297582128,"gmtModify":1631890458062,"author":{"id":"3581225189719099","authorId":"3581225189719099","name":"743d5c66","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581225189719099","authorIdStr":"3581225189719099"},"themes":[],"title":"","htmlText":"Share","listText":"Share","text":"Share","images":[{"img":"https://static.tigerbbs.com/94926a517841848a5712ca56f989bdd8","width":"720","height":"1488"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/831800734","isVote":1,"tweetType":1,"viewCount":1983,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}