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2021-12-29

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2021-12-29

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PayPal Has a Strong Story If You Look Beyond the Noise<blockquote>如果你超越噪音，PayPal有一个强大的故事</blockquote>

2021-12-29

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Cathie Wood's prediction for a 20% gain in 2021 sours as Ark's flagship fund sees worst return since inception<blockquote>Cathie Wood对2021年增长20%的预测变得糟糕，因为Ark的旗舰基金出现了自成立以来最差的回报</blockquote>

2021-12-29

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2021-12-28

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2021-12-28

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2021-12-28

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2021-12-27

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2021-12-27

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AT&T Slashed Promised Life Insurance for Former Workers—and Time Runs Out at Year-End<blockquote>AT&T大幅削减了为前员工承诺的人寿保险——年底时间已经不多了</blockquote>

2021-12-27

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Santa Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</blockquote>

2021-12-26

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SPAC SHUAA Partners Acquisition I files for a $200 million IPO, targeting tech in the MENAT region<blockquote>SPAC SHUAA Partners Acquisition I申请2亿美元IPO，目标是MENAT地区的科技公司</blockquote>

2021-12-26

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Electric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</blockquote>

2021-12-26

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Scottish biotech TC BioPharm lowers deal size by 40%, adds warrants ahead of $30 million US IPO<blockquote>苏格兰生物技术TC BioPharm将交易规模降低40%，并在3000万美元美国IPO前增加认股权证</blockquote>

2021-12-26

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Disruptive tech SPAC Future Tech II Acquisition files for a $100 million IPO<blockquote>颠覆性科技SPAC Future Tech II Acquisition申请1亿美元IPO</blockquote>

2021-12-26

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2021-12-26

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2021-12-26

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2021-12-25

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2021-12-25

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2021-12-25

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n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696426178","repostId":"2194074487","repostType":4,"isVote":1,"tweetType":1,"viewCount":2364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696426942,"gmtCreate":1640751236522,"gmtModify":1640751237234,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696426942","repostId":"1198739062","repostType":4,"repost":{"id":"1198739062","kind":"news","pubTimestamp":1640749914,"share":"https://www.laohu8.com/m/news/1198739062?lang=zh_CN&edition=full","pubTime":"2021-12-29 11:51","market":"us","language":"en","title":"PayPal Has a Strong Story If You Look Beyond the Noise<blockquote>如果你超越噪音，PayPal有一个强大的故事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198739062","media":"InvestorPlace","summary":"The last six months of 2021 have not been kind to investors in PayPal (NASDAQ:PYPL) stock.\nFrom its ","content":"<p><div> The last six months of 2021 have not been kind to investors in PayPal (NASDAQ:PYPL) stock. From its peak closing price of $310.16 per share, PYPL stock has dipped nearly 40% and now sits at $190.1. ...</p><p><blockquote><div>2021年的最后六个月对PayPal（纳斯达克：PYPL）股票的投资者来说并不好。自每股310.16美元的最高收盘价以来，PYPL股价已下跌近40%，目前为190.1美元。...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/pypl-stock-looks-like-strong-buy-if-you-tune-out-noise/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/pypl-stock-looks-like-strong-buy-if-you-tune-out-noise/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>PayPal Has a Strong Story If You Look Beyond the Noise<blockquote>如果你超越噪音，PayPal有一个强大的故事</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\">\nPayPal Has a Strong Story If You Look Beyond the Noise<blockquote>如果你超越噪音，PayPal有一个强大的故事</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-29 11:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The last six months of 2021 have not been kind to investors in PayPal (NASDAQ:PYPL) stock. From its peak closing price of $310.16 per share, PYPL stock has dipped nearly 40% and now sits at $190.1. ...</p><p><blockquote><div>2021年的最后六个月对PayPal（纳斯达克：PYPL）股票的投资者来说并不好。自每股310.16美元的最高收盘价以来，PYPL股价已下跌近40%，目前为190.1美元。...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/pypl-stock-looks-like-strong-buy-if-you-tune-out-noise/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/pypl-stock-looks-like-strong-buy-if-you-tune-out-noise/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/pypl-stock-looks-like-strong-buy-if-you-tune-out-noise/\">InvestorPlace</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":{"PYPL":"PayPal"},"source_url":"https://investorplace.com/2021/12/pypl-stock-looks-like-strong-buy-if-you-tune-out-noise/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198739062","content_text":"The last six months of 2021 have not been kind to investors in PayPal (NASDAQ:PYPL) stock.\nFrom its peak closing price of $310.16 per share, PYPL stock has dipped nearly 40% and now sits at $190.1.\nInvestors have some reason to believe that PYPL stock was overvalued. For example, investors are becoming concerned that PayPal’s supremacy in digital payment solutions is being successfully eroded by competition.\nAlso, the company’s long-anticipated breakup with eBay (NASDAQ:EBAY)reached its conclusion in June. This was really a case of two companies that are moving in different directions.\nAs Dana Blankenhorn points out, PayPal is now a “fully grown banking operation.” Although the company delivered a solid first earnings report with significantly reduced eBay revenue, investors may be concerned about two consecutive quarters of slowing growth.\nThe company is also facing questions about the consumer protections (or lack thereof) in its push into the buy now pay later (BNPL) arena.\nSpecifically, the Consumer Financial Protection Bureau (CFPB) is looking into how PayPal and other BNPL companies may be using user data and how these companies may be getting around existing consumer protection laws.\nThat’s a lot for investors to process. As a company still recognized as part of the technology sector, PayPal faces the same headwinds that all tech stocks are enduring.\nWith that said, the sell-off in PayPal looks overdone. And that’s why opportunistic investors should consider PYPL stock a solid choice as they look ahead to 2022.\nThe Business Model is Sound\nThe biggest reason I believe that the sell-off in PayPal is overdone is that none of the issues mentioned above changes the overall narrative for PayPal. The company remains one of the unquestioned leaders in the digital payment sector. In fact, it has an enviable market penetration rate of around 75%.\nAnd, as its recent partnership with Amazon (NASDAQ:AMZN) shows, it has no problem adding clients to its roster. Specifically, starting in 2022 Amazon will offer the Venmo payment option at checkout on its webpage as well as the Amazon shopping app.\nAnother reason to be bullish about PYPL stock can be found in the company’s financials.\nIn the first three quarters of 2021, PayPal has reported revenue of $18.45 billion. That’s 13% higher on a year-over-year basis and puts the company well on pace to eclipse the $21.46 billion in revenue it recorded in all of FY 2020.\nThe company is forecasting revenue to come in at $25.36 billion. And a similar story is on display with the company’s earnings which are up 17% on a year-over-year basis.\nLooking ahead to 2022, PayPal estimates its revenue will increase 18%. That’s slightly less than the 19% analysts were forecasting. That isn’t the growth of a struggling company.\nIf you’re a fan of free cash flow (FCF) as a metric of financial health, you should pay attention to what Mark Hake recently wrote about how PayPal’s strong FCF makes the stock an undervalued option.\nPYPL Stock Is a Clear Buy-the-Dip Candidate\nIf you don’t buy into that from a technical standpoint, consider the reaction of the analyst community. Since PayPal reported earnings, at least 20 analysts have lowered their price target for PYPL stock. However, it’s important to note that in every case the new price target is higher than the stock’s current price.\nAs any investor knows, that doesn’t mean that PYPL stock doesn’t have further to drop. Investors will do what they want. However, it does seem that the stock has absorbed all the bad news.\nPayPal needs a bullish catalyst, and that might come when it reports earnings at the beginning of February. That’s a long winter’s night away, but it shouldn’t stop you from opening or adding to your position in PYPL stock.","news_type":1,"symbols_score_info":{"PYPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2065,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696426090,"gmtCreate":1640751226077,"gmtModify":1640751226773,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696426090","repostId":"1121988660","repostType":4,"repost":{"id":"1121988660","kind":"news","pubTimestamp":1640750325,"share":"https://www.laohu8.com/m/news/1121988660?lang=zh_CN&edition=full","pubTime":"2021-12-29 11:58","market":"us","language":"en","title":"Cathie Wood's prediction for a 20% gain in 2021 sours as Ark's flagship fund sees worst return since inception<blockquote>Cathie Wood对2021年增长20%的预测变得糟糕，因为Ark的旗舰基金出现了自成立以来最差的回报</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121988660","media":"Businessinsider","summary":"Cathie Wood's expectation for a 20% gain in her Ark Invest flagship fund didn't pan out this year.\nA","content":"<p><ul>  <li>Cathie Wood's expectation for a 20% gain in her Ark Invest flagship fund didn't pan out this year.</li>  <li>Ark Invest's Disruptive Innovation ETF instead has fallen more than 20% in 2021, representing its worst return since inception.</li>  <li>Wood now expects the growth-oriented ETF to deliver a compounded annual growth rate of up to 40% over the next 5 years.</li> </ul> <hr> It's been a difficult year for investors in Ark Invest's flagshipDisruptive Innovation ETF, with the fund on track for its worst year of performance since launching in 2014.</p><p><blockquote><ul><li>Cathie Wood对她的Ark Invest旗舰基金上涨20%的预期今年没有实现。</li><li>相反，Ark Invest的颠覆性创新ETF在2021年下跌了20%以上，创下了自成立以来的最差回报。</li><li>Wood目前预计，这只成长型ETF在未来5年内的复合年增长率将高达40%。</li></ul><hr/>对于Ark Invest旗舰颠覆性创新ETF的投资者来说，今年是艰难的一年，该基金有望创下自2014年推出以来表现最差的一年。</blockquote></p><p> That's after the ETF delivered sky-high returns of 150% in 2020, helping Ark Invest amass more than $17 billion in assets under management in its flagship fund. The ETF is down 21% in 2021, while theS&amp;P 500is up about 30% year-to-date.</p><p><blockquote>此前，该ETF在2020年实现了150%的天价回报，帮助Ark Invest在其旗舰基金中管理了超过170亿美元的资产。该ETF在2021年下跌了21%，而标准普尔500指数今年迄今上涨了约30%。</blockquote></p><p> Ark Invest's poor returns in 2021 were likely a surprise to Cathie Wood, who forecasted a five-year compounded annual growth rateof 20% in December of 2020.She now expects even higher returns looking forward, with a recent blog post outlining her view that the fund could deliver a&nbsp;five-year compounded annual growth rate of up to 40%.</p><p><blockquote>ARK Invest 2021年的糟糕回报可能会让Cathie Wood感到意外，她在2020年12月预测五年复合年增长率为20%。她现在预计未来会有更高的回报，最近的一篇博客文章概述了她的观点，即该基金的五年复合年增长率可能高达40%。</blockquote></p><p> But Wood's prediction for a 20% gain in 2021 looked to be correct earlier this year, with the fund up 25% at its peak in February. Since then, a downturn in work-from-home stocks and unprofitable technology names dragged down its performance considerably.</p><p><blockquote>但今年早些时候，伍德对2021年上涨20%的预测似乎是正确的，该基金在2月份的峰值上涨了25%。此后，在家工作股票的低迷和无利可图的科技公司大大拖累了其业绩。</blockquote></p><p> The stocks&nbsp;that hit Ark Invest's performance the mostincludeTeladocandZoom Video, which are both down about 50% this year and lowered the fund by 550 and 386 basis points, respectively, according to data fromKoyfin.</p><p><blockquote>Koyfin的数据显示，对Ark Invest业绩影响最大的股票包括Elado和Zoom Video，这两只股票今年均下跌了约50%，并使该基金分别下跌了550个和386个基点。</blockquote></p><p> Those losses far outweighed Ark Invest's top performing holding,Tesla, which is up more than 56% year-to-date and boosted the fund by 286 basis points.</p><p><blockquote>这些损失远远超过了Ark Invest表现最好的持股特斯拉，该股今年迄今上涨了56%以上，使该基金上涨了286个基点。</blockquote></p><p> And it's not just Ark Invest's flagship ETF that has had a rough year, with five out of Ark's six active ETF's delivering negative returns year-to-date. The&nbsp;Ark Genomic Revolution ETFis the worst performing fund, down about 33% year-to-date, while the&nbsp;Ark Autonomous Technology and Robotics ETF&nbsp;is the best performing fund, up about 3%.</p><p><blockquote>不仅仅是Ark Invest的旗舰ETF经历了艰难的一年，Ark的六只主动ETF中有五只今年迄今实现了负回报。ARK Genomic Revolution ETF是表现最差的基金，今年迄今下跌了约33%，而Ark Autonomous Technology and Robotics ETF是表现最好的基金，上涨了约3%。</blockquote></p><p></p>","source":"lsy1636471102575","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>Cathie Wood's prediction for a 20% gain in 2021 sours as Ark's flagship fund sees worst return since inception<blockquote>Cathie Wood对2021年增长20%的预测变得糟糕，因为Ark的旗舰基金出现了自成立以来最差的回报</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\">\nCathie Wood's prediction for a 20% gain in 2021 sours as Ark's flagship fund sees worst return since inception<blockquote>Cathie Wood对2021年增长20%的预测变得糟糕，因为Ark的旗舰基金出现了自成立以来最差的回报</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Businessinsider</strong><span class=\"h-time small\">2021-12-29 11:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Cathie Wood's expectation for a 20% gain in her Ark Invest flagship fund didn't pan out this year.</li>  <li>Ark Invest's Disruptive Innovation ETF instead has fallen more than 20% in 2021, representing its worst return since inception.</li>  <li>Wood now expects the growth-oriented ETF to deliver a compounded annual growth rate of up to 40% over the next 5 years.</li> </ul> <hr> It's been a difficult year for investors in Ark Invest's flagshipDisruptive Innovation ETF, with the fund on track for its worst year of performance since launching in 2014.</p><p><blockquote><ul><li>Cathie Wood对她的Ark Invest旗舰基金上涨20%的预期今年没有实现。</li><li>相反，Ark Invest的颠覆性创新ETF在2021年下跌了20%以上，创下了自成立以来的最差回报。</li><li>Wood目前预计，这只成长型ETF在未来5年内的复合年增长率将高达40%。</li></ul><hr/>对于Ark Invest旗舰颠覆性创新ETF的投资者来说，今年是艰难的一年，该基金有望创下自2014年推出以来表现最差的一年。</blockquote></p><p> That's after the ETF delivered sky-high returns of 150% in 2020, helping Ark Invest amass more than $17 billion in assets under management in its flagship fund. The ETF is down 21% in 2021, while theS&amp;P 500is up about 30% year-to-date.</p><p><blockquote>此前，该ETF在2020年实现了150%的天价回报，帮助Ark Invest在其旗舰基金中管理了超过170亿美元的资产。该ETF在2021年下跌了21%，而标准普尔500指数今年迄今上涨了约30%。</blockquote></p><p> Ark Invest's poor returns in 2021 were likely a surprise to Cathie Wood, who forecasted a five-year compounded annual growth rateof 20% in December of 2020.She now expects even higher returns looking forward, with a recent blog post outlining her view that the fund could deliver a&nbsp;five-year compounded annual growth rate of up to 40%.</p><p><blockquote>ARK Invest 2021年的糟糕回报可能会让Cathie Wood感到意外，她在2020年12月预测五年复合年增长率为20%。她现在预计未来会有更高的回报，最近的一篇博客文章概述了她的观点，即该基金的五年复合年增长率可能高达40%。</blockquote></p><p> But Wood's prediction for a 20% gain in 2021 looked to be correct earlier this year, with the fund up 25% at its peak in February. Since then, a downturn in work-from-home stocks and unprofitable technology names dragged down its performance considerably.</p><p><blockquote>但今年早些时候，伍德对2021年上涨20%的预测似乎是正确的，该基金在2月份的峰值上涨了25%。此后，在家工作股票的低迷和无利可图的科技公司大大拖累了其业绩。</blockquote></p><p> The stocks&nbsp;that hit Ark Invest's performance the mostincludeTeladocandZoom Video, which are both down about 50% this year and lowered the fund by 550 and 386 basis points, respectively, according to data fromKoyfin.</p><p><blockquote>Koyfin的数据显示，对Ark Invest业绩影响最大的股票包括Elado和Zoom Video，这两只股票今年均下跌了约50%，并使该基金分别下跌了550个和386个基点。</blockquote></p><p> Those losses far outweighed Ark Invest's top performing holding,Tesla, which is up more than 56% year-to-date and boosted the fund by 286 basis points.</p><p><blockquote>这些损失远远超过了Ark Invest表现最好的持股特斯拉，该股今年迄今上涨了56%以上，使该基金上涨了286个基点。</blockquote></p><p> And it's not just Ark Invest's flagship ETF that has had a rough year, with five out of Ark's six active ETF's delivering negative returns year-to-date. The&nbsp;Ark Genomic Revolution ETFis the worst performing fund, down about 33% year-to-date, while the&nbsp;Ark Autonomous Technology and Robotics ETF&nbsp;is the best performing fund, up about 3%.</p><p><blockquote>不仅仅是Ark Invest的旗舰ETF经历了艰难的一年，Ark的六只主动ETF中有五只今年迄今实现了负回报。ARK Genomic Revolution ETF是表现最差的基金，今年迄今下跌了约33%，而Ark Autonomous Technology and Robotics ETF是表现最好的基金，上涨了约3%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://markets.businessinsider.com/news/etf/ark-invest-worst-return-since-inception-cathie-wood-prediction-flops-2021-12\">Businessinsider</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":{"ARKK":"ARK Innovation ETF"},"source_url":"https://markets.businessinsider.com/news/etf/ark-invest-worst-return-since-inception-cathie-wood-prediction-flops-2021-12","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121988660","content_text":"Cathie Wood's expectation for a 20% gain in her Ark Invest flagship fund didn't pan out this year.\nArk Invest's Disruptive Innovation ETF instead has fallen more than 20% in 2021, representing its worst return since inception.\nWood now expects the growth-oriented ETF to deliver a compounded annual growth rate of up to 40% over the next 5 years.\n\n\nIt's been a difficult year for investors in Ark Invest's flagshipDisruptive Innovation ETF, with the fund on track for its worst year of performance since launching in 2014.\nThat's after the ETF delivered sky-high returns of 150% in 2020, helping Ark Invest amass more than $17 billion in assets under management in its flagship fund. The ETF is down 21% in 2021, while theS&P 500is up about 30% year-to-date.\nArk Invest's poor returns in 2021 were likely a surprise to Cathie Wood, who forecasted a five-year compounded annual growth rateof 20% in December of 2020.She now expects even higher returns looking forward, with a recent blog post outlining her view that the fund could deliver a five-year compounded annual growth rate of up to 40%.\nBut Wood's prediction for a 20% gain in 2021 looked to be correct earlier this year, with the fund up 25% at its peak in February. Since then, a downturn in work-from-home stocks and unprofitable technology names dragged down its performance considerably.\nThe stocks that hit Ark Invest's performance the mostincludeTeladocandZoom Video, which are both down about 50% this year and lowered the fund by 550 and 386 basis points, respectively, according to data fromKoyfin.\nThose losses far outweighed Ark Invest's top performing holding,Tesla, which is up more than 56% year-to-date and boosted the fund by 286 basis points.\nAnd it's not just Ark Invest's flagship ETF that has had a rough year, with five out of Ark's six active ETF's delivering negative returns year-to-date. The Ark Genomic Revolution ETFis the worst performing fund, down about 33% year-to-date, while the Ark Autonomous Technology and Robotics ETF is the best performing fund, up about 3%.","news_type":1,"symbols_score_info":{"ARKK":0.9}},"isVote":1,"tweetType":1,"viewCount":4025,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696428772,"gmtCreate":1640751215654,"gmtModify":1640751216301,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n 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comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696137435","repostId":"2194361107","repostType":4,"isVote":1,"tweetType":1,"viewCount":3957,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696137283,"gmtCreate":1640648752742,"gmtModify":1640648753444,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696137283","repostId":"1127544468","repostType":4,"isVote":1,"tweetType":1,"viewCount":2974,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698722478,"gmtCreate":1640562375163,"gmtModify":1640562375842,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698722478","repostId":"2193178790","repostType":4,"isVote":1,"tweetType":1,"viewCount":2316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698722891,"gmtCreate":1640562344455,"gmtModify":1640562345126,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698722891","repostId":"1178126612","repostType":4,"repost":{"id":"1178126612","kind":"news","pubTimestamp":1640561423,"share":"https://www.laohu8.com/m/news/1178126612?lang=zh_CN&edition=full","pubTime":"2021-12-27 07:30","market":"us","language":"en","title":"AT&T Slashed Promised Life Insurance for Former Workers—and Time Runs Out at Year-End<blockquote>AT&amp;T大幅削减了为前员工承诺的人寿保险——年底时间已经不多了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178126612","media":"WSJ","summary":"When Dean Allison left his job as a property manager atAT&TT0.36%in 1998, the company offered an inc","content":"<p>When Dean Allison left his job as a property manager atAT&amp;TT0.36%in 1998, the company offered an incentive to retire: a payment of at least $63,000 upon his death.</p><p><blockquote>1998年，当迪安·艾利森(Dean Allison)辞去atAT&amp;TT0.36%物业经理的工作时，该公司提供了一项退休奖励：在他去世时至少支付63,000美元。</blockquote></p><p> He took the deal, figuring the money would someday help his wife cover funeral expenses, pay outstanding bills and have more to live on.</p><p><blockquote>他接受了这笔交易，认为这笔钱有一天会帮助他的妻子支付丧葬费用，支付未付的账单，并有更多的生活。</blockquote></p><p> Early in 2021, AT&amp;T told Mr. Allison it would pay no more than $15,000 if he dies after Dec. 31.</p><p><blockquote>2021年初，AT&amp;T告诉艾利森，如果他在12月31日之后去世，将支付不超过15,000美元的费用。</blockquote></p><p> AT&amp;T’s decision to cut life insurance and death benefits as of Jan. 1 for many of the 220,000 retirees eligible for the benefits has roiled a generation of workers who say their former employer is reneging on a promise.</p><p><blockquote>AT&amp;T决定从1月1日起削减22万名有资格享受福利的退休人员中的许多人的人寿保险和死亡抚恤金，这激怒了一代工人，他们表示他们的前雇主正在违背承诺。</blockquote></p><p> The cuts don’t apply to top executives, who have life insurance under a separate company-paid program, which the company can’t reduce without their permission. AT&amp;T will pay heirs of Randall Stephenson, who left as chief executive in 2020, $3.6 million under a life-insurance plan reviewed by the board last year, securities filings show.</p><p><blockquote>削减不适用于高管，他们在一个单独的公司支付计划下拥有人寿保险，未经他们的许可，公司不能减少人寿保险。证券备案文件显示，根据董事会去年审查的人寿保险计划，AT&amp;T将向2020年卸任首席执行官的兰德尔·斯蒂芬森(Randall Stephenson)的继承人支付360万美元。</blockquote></p><p> AT&amp;T said that the cuts for other retirees will bring their benefits more in line with benefits at other large employers, and that the change will increase payouts at death for more than 1,000 retirees. It said only a handful of Fortune 100 companies still offer most employees life insurance that continues after retirement.</p><p><blockquote>AT&amp;T表示，其他退休人员的削减将使他们的福利与其他大型雇主的福利更加一致，这一变化将增加1000多名退休人员的死亡抚恤金。报告称，只有少数财富100强公司仍为大多数员工提供退休后继续提供的人寿保险。</blockquote></p><p> “We are working hard to responsibly balance the needs of the business and our taking care of our current 200,000 employees and 500,000 retirees and their dependents,” said an AT&amp;T spokesman, Fletcher Cook. “It is admittedly a balancing act—one that many companies have not successfully navigated.”</p><p><blockquote>AT&amp;T发言人弗莱彻·库克(Fletcher Cook)表示：“我们正在努力负责任地平衡业务需求与照顾现有20万名员工和50万名退休人员及其家属。”“诚然，这是一种平衡行为——许多公司尚未成功驾驭这一行为。”</blockquote></p><p> That’s little comfort to Mr. Allison, 75 years old, of Stuart, Fla. “If they had told me this 10 years ago, that they were going to cut this, I could have done some planning,” he said.</p><p><blockquote>这对佛罗里达州斯图尔特75岁的艾利森先生来说并不是什么安慰。“如果他们10年前告诉我这一点，他们将削减这一点，我就可以做一些计划，”他说。</blockquote></p><p> Today’s AT&amp;T Inc. is the product of decades of splits and mergers, a remnant of the telephone monopoly nicknamed “Ma Bell” that shed its regional operations in 1984. Other offshoots of that breakup have treated retirees’ benefits differently.</p><p><blockquote>今天的AT&amp;T Inc.是数十年拆分和合并的产物，是绰号为“Ma Bell”的电话垄断企业的残余，该企业于1984年剥离了其区域业务。此次拆分的其他分支机构对退休人员的福利有不同的对待。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16a73a1e02fbce04a6f21af3769fa8fd\" tg-width=\"1370\" tg-height=\"729\" width=\"100%\" height=\"auto\"><span>AT&amp;T retiree Monte Baggs said he expected his wife, Phillis, seated, to receive company-paid life insurance of at least $75,000 when he died, but AT&amp;T has cut it to $15,000 if he dies after Dec. 31. ‘They’re trying to recover as much as they can, but they’re doing it on the backs of their retirees,’ he said.PHOTO:TALIA HERMAN FOR THE WALL STREET JOURNAL</span></p><p><blockquote><p class=\"t-img-caption\"><span>AT&amp;T退休人员蒙特·巴格斯(Monte Baggs)表示，他预计妻子菲利斯(Phillis)在他去世时将获得公司支付的至少75,000美元的人寿保险，但如果他在12月31日之后去世，AT&amp;T已将其削减至15,000美元。他说：“他们试图尽可能地恢复，但他们是在退休人员的背上这样做的。”照片：《华尔街日报》的塔利亚·赫尔曼</span></p></blockquote></p><p> Verizon Communications&nbsp;Inc.hasn’t reduced already-retired workers’ life insurance or death benefits, though it has sold off business units to companies that later reduced them.Qwest Communications InternationalInc.,now owned by&nbsp;Lumen TechnologiesInc.,eliminated retiree death benefits entirely, more than a decade ago. Both companies, like AT&amp;T, have capped or reduced retirees’ health benefits as well.</p><p><blockquote>Verizon Communications Inc.并未减少已退休员工的人寿保险或死亡抚恤金，尽管它已将业务部门出售给后来减少这些部门的公司。Qwest Communications InternationalInc.现归Lumen TechnologiesInc.所有，十多年前完全取消了退休人员死亡抚恤金。与AT&amp;T一样，这两家公司也限制或减少了退休人员的健康福利。</blockquote></p><p> In cutting existing retirees’ life-insurance benefits, AT&amp;T joins a few other large companies that have done so in recent years. In 2019,3MCo.roughly halved such benefits, andHowmet AerospaceInc.,a business carved out of&nbsp;Alcoa,eliminated life insurance for some retirees.</p><p><blockquote>在削减现有退休人员的人寿保险福利方面，AT&amp;T加入了近年来其他几家大公司的行列。2019年，3MCo.将此类福利大致减半，而从美国铝业剥离出来的Howmet AerospaceInc.则取消了部分退休人员的人寿保险。</blockquote></p><p> Unlike AT&amp;T, both said their changes applied to executives, too. So didCortevaInc.,a seeds and chemicals company formed from DowDuPont that will end life insurance for about 50,000 retirees on Jan. 1. Vanguard Group recently backed off plans to eliminate retiree life insurance and other benefits after retirees protested.</p><p><blockquote>与AT&amp;T不同的是，两家公司都表示，他们的改变也适用于高管。由陶氏杜邦公司（DowDuPont）组建的种子和化学品公司CortevaInc.也是如此，该公司将于1月1日终止约5万名退休人员的人寿保险。在退休人员抗议后，先锋集团最近放弃了取消退休人员人寿保险和其他福利的计划。</blockquote></p><p> When AT&amp;T employees retired, the company told many of those who were managers that they had company-paid life insurance, which often equaled their final year’s pay, although the sum would decline by half once they hit age 70.</p><p><blockquote>当AT&amp;T员工退休时，该公司告诉许多经理，他们有公司支付的人寿保险，通常相当于他们最后一年的工资，尽管一旦他们年满70岁，金额就会减少一半。</blockquote></p><p> Some also were told that a “death benefit,” also based on final compensation, would be payable to a surviving spouse or dependent child. Nearly a third of management retirees affected by the latest cuts were eligible for both benefits.</p><p><blockquote>一些人还被告知，同样基于最终赔偿的“死亡抚恤金”将支付给未亡配偶或受抚养子女。受最新裁员影响的近三分之一的管理层退休人员有资格享受这两项福利。</blockquote></p><p> Now, the life insurance benefit, no matter at what value it started, will be $15,000 if the management retiree dies after Dec. 31. The death benefit will be capped at $25,000.</p><p><blockquote>现在，如果管理层退休人员在12月31日之后去世，人寿保险福利，无论起始价值如何，都将为15,000美元。死亡抚恤金的上限为25,000美元。</blockquote></p><p> Retired AT&amp;T union members also often were told they had life insurance based on their pay. This benefit, too, was designed to decline by half after they reached 70. Now, if they die after Dec. 31, it will be just $25,000. Many union retirees are due a death benefit as well; it will be capped at $25,000 after Dec. 31.</p><p><blockquote>退休的AT&amp;T工会成员也经常被告知他们有基于工资的人寿保险。这项福利也被设计成在他们年满70岁后减少一半。现在，如果他们在12月31日之后去世，将只有25,000美元。许多工会退休人员也有权领取死亡抚恤金；12月31日之后，上限为25,000美元。</blockquote></p><p></p><p> John Tucciarone, who spent 42 years managing AT&amp;T infrastructure in New York and New Jersey until his 2009 retirement, said he recalls executives defending wages that were slightly below competitors’ pay by citing the retirement benefits. “At the time, it was a from-cradle-to-grave type mentality,” said Mr. Tucciarone, a 74-year-old in Leland, N.C. “That stopped a lot of people looking at other places” for higher pay, he said.</p><p><blockquote>约翰·图恰罗内(John Tucciarone)在纽约和新泽西管理AT&amp;T基础设施42年，直至2009年退休，他表示，他回忆起高管们通过引用退休福利来捍卫略低于竞争对手工资的工资。“当时，这是一种从摇篮到坟墓的心态，”北卡罗来纳州利兰74岁的图恰罗内先生说。他说，“这阻止了很多人去其他地方”寻求更高的工资。</blockquote></p><p> In the mid-1990s, AT&amp;T ceased telling most new employees that their spouse would get a death benefit. After 2007, it stopped providing managers a pledge of life insurance that continued in retirement. Over the years, it also stopped basing the life insurance given to new and current union workers on their pay, instead providing a flat $15,000.</p><p><blockquote>20世纪90年代中期，美国电话电报公司不再告诉大多数新员工他们的配偶将获得死亡抚恤金。2007年后，它停止向经理人提供退休后继续提供人寿保险的承诺。多年来，它还不再根据新加入和现任工会工人的工资为人寿保险，而是统一提供15,000美元。</blockquote></p><p> AT&amp;T informed retirees last winter of its plan to cut their benefits. Retirees protested to the board, and a group met with company benefits officials to urge them to reconsider.</p><p><blockquote>AT&amp;T去年冬天通知退休人员其削减福利的计划。退休人员向董事会提出抗议，一个团体会见了公司福利官员，敦促他们重新考虑。</blockquote></p><p> AT&amp;T said directors have received the complaints, together with executives’ response, and the company has no plans to change course.</p><p><blockquote>AT&amp;T表示，董事们已经收到了投诉以及高管的回应，公司没有计划改变路线。</blockquote></p><p> “The marketplace that we operate in has changed. And it’s really forced us to try and still be competitive and make changes that are challenging,” said Julianne Galloway, AT&amp;T’s vice president for global benefits, who met with the retirees.</p><p><blockquote>AT&amp;T全球福利副总裁朱丽安·加洛韦(Julianne Galloway)在会见退休人员时表示：“我们经营的市场已经发生了变化。这确实迫使我们努力保持竞争力并做出具有挑战性的改变。”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bf011d62dfcfd7e43af7ebc858256763\" tg-width=\"1252\" tg-height=\"697\" width=\"100%\" height=\"auto\"><span>Mr. Allison said that when he retired, AT&amp;T promised a benefit of at least $63,000 upon his death, an amount the company has cut to $15,000 if he dies after Dec. 31.PHOTO:MELODY TIMOTHEE FOR THE WALL STREET JOURNAL</span></p><p><blockquote><p class=\"t-img-caption\"><span>Allison先生说，当他退休时，AT&amp;T承诺在他去世时至少提供63,000美元的福利，如果他在12月31日之后去世，该公司将这一金额削减至15,000美元。照片：MELODY TIMOTHEE为《华尔街日报》撰稿</span></p></blockquote></p><p> Warren Miner, 84, retired in 1996 as one of AT&amp;T’s benefits directors, after several years of helping shape health and life-insurance programs like those he hoped to enjoy in retirement.</p><p><blockquote>84岁的沃伦·迈纳(Warren Miner)于1996年退休，担任AT&amp;T的福利主管之一，此前他多年来帮助制定了他希望退休后享受的健康和人寿保险计划。</blockquote></p><p> Mr. Miner, of Estero, Fla., counted on being eligible for about $364,000 from the combination of life insurance and a separate death benefit.</p><p><blockquote>来自佛罗里达州埃斯特罗的迈纳先生预计有资格从人寿保险和单独的死亡抚恤金中获得约36.4万美元。</blockquote></p><p> Instead, after Dec. 31, his wife can expect at most $40,000 in total from the two programs.</p><p><blockquote>相反，在12月31日之后，他的妻子最多可以从这两个项目中获得4万美元。</blockquote></p><p> “If there isn’t a legal obligation, there certainly is a moral obligation not to treat people this way,” Mr. Miner said.</p><p><blockquote>“如果没有法律义务，那么肯定有道德义务不以这种方式对待他人，”迈纳先生说。</blockquote></p><p> AT&amp;T’s Mr. Cook said the company’s “decision is very much about us fulfilling a moral obligation for more than 700,000 people, not just a select few.”</p><p><blockquote>AT&amp;T的库克先生表示，该公司的“决定很大程度上是为了我们为超过70万人履行道德义务，而不仅仅是少数人。”</blockquote></p><p> Federal law bars companies from cutting pension benefits for employees after they retire, but courts have said other kinds of retiree benefits—including healthcare, life insurance and a death benefit—can be changed if employers reserved a right to do so in official documentation.</p><p><blockquote>联邦法律禁止公司在员工退休后削减养老金福利，但法院表示，如果雇主在官方文件中保留这样做的权利，其他类型的退休人员福利——包括医疗保健、人寿保险和死亡抚恤金——可以改变。</blockquote></p><p> Since the early 1990s, AT&amp;T has included, in plan documents, language reserving a right to change retiree benefits at any time. For certain retirees whose plan documents predate this language, life insurance isn’t changing.</p><p><blockquote>自20世纪90年代初以来，美国电话电报公司在计划文件中加入了保留随时改变退休人员福利权利的语言。对于某些计划文件早于此语言的退休人员来说，人寿保险不会改变。</blockquote></p><p> Many retirees said they knew it was possible for AT&amp;T to change their benefits, but they never expected it to do so after maintaining them for decades.</p><p><blockquote>许多退休人员表示，他们知道AT&amp;T有可能改变他们的福利，但他们从未想到在维持了几十年后会这样做。</blockquote></p><p> Karla Billings joined AT&amp;T in Topeka, Kan., in 1996 after being widowed at 32. She retired in 2017. She said she decided not to buy additional life insurance, figuring that AT&amp;T’s $65,000 for retired union workers at her level was enough. Now, assuming she lives past Dec. 31, the payout will be $40,000 less.</p><p><blockquote>卡拉·比林斯在堪萨斯州托皮卡加入了美国电话电报公司。1996年，32岁丧偶。她于2017年退休。她说，她决定不购买额外的人寿保险，认为AT&amp;T为她这个级别的退休工会工人提供的65,000美元已经足够了。现在，假设她活到12月31日之后，支出将减少40,000美元。</blockquote></p><p> “You’re at their mercy, and you don’t really have any recourse,” Ms. Billings said.</p><p><blockquote>“你受他们的摆布，你实际上没有任何追索权，”比林斯女士说。</blockquote></p><p> In letters announcing the reductions, AT&amp;T said it often reviews its benefits to ensure it remains competitive and relevant to past and present employees.</p><p><blockquote>AT&amp;T在宣布裁员的信中表示，它经常审查其福利，以确保其保持竞争力并与过去和现在的员工相关。</blockquote></p><p> “We continue to provide generous retirement benefits that many in corporate America don’t offer any more,” said Mr. Cook, the spokesman. He said four out of five employees, and nearly all retirees, are covered by the company’s pension plan, and the company provides subsidized healthcare for retirees. The wireless network operator also employs a large union-represented workforce under collective bargaining agreements that many competitors don’t have.</p><p><blockquote>“我们继续提供慷慨的退休福利，这是许多美国公司不再提供的，”发言人库克先生说。他说，五分之四的员工以及几乎所有退休人员都享受公司的养老金计划，公司为退休人员提供医疗补贴。这家无线网络运营商还根据集体谈判协议雇用了大量工会代表的劳动力，这是许多竞争对手所没有的。</blockquote></p><p> Life insurance that continues in retirement was once a hallmark of work at blue-chip companies. It was still available to about a third of U.S. workers at medium-size and large companies in 1997, when the Labor Department stopped tracking it. Benefits consulting firm WillisTowers Watsonsays about 13% of the 732 U.S. and foreign companies of various sizes that it tracks offer retiree life insurance. Few of today’s new corporate giants do.</p><p><blockquote>退休后继续购买人寿保险曾经是蓝筹公司工作的标志。1997年，当劳工部停止跟踪它时，大约三分之一的美国大中型公司工人仍然可以使用它。福利咨询公司WilliStowers Watson表示，在其追踪的732家不同规模的美国和外国公司中，约有13%提供退休人员人寿保险。今天的新企业巨头很少有人这样做。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c34d749277776814bf9a6be8d4bbdd7\" tg-width=\"719\" tg-height=\"591\" width=\"100%\" height=\"auto\"><span>Mr. Baggs, center, at an awards event when he was an AT&amp;T manager.PHOTO:TALIA HERMAN FOR THE WALL STREET JOURNAL</span></p><p><blockquote><p class=\"t-img-caption\"><span>巴格斯先生（中）在担任AT&amp;T经理时出席颁奖典礼。照片：《华尔街日报》的TALIA HERMAN</span></p></blockquote></p><p></p><p> Companies aren’t required to set aside cash to pay future retiree benefits, as they have to do for pensions. But they must carry an obligation on their balance sheets reflecting the current value of every dollar they expect to pay in either pensions or retiree benefits in the future.</p><p><blockquote>公司不需要像支付养老金那样留出现金来支付未来的退休人员福利。但他们必须在资产负债表上承担一项义务，反映他们预计未来支付养老金或退休福利的每一美元的当前价值。</blockquote></p><p> AT&amp;T’s obligation for retiree healthcare and life insurance plans, which it combines in its disclosures, fell to about $14 billion at the end of 2020 from roughly double that amount five years earlier.</p><p><blockquote>AT&amp;T在其披露中对退休人员医疗保健和人寿保险计划的义务从五年前的大约两倍降至2020年底的约140亿美元。</blockquote></p><p> About a decade ago, AT&amp;T had $12.75 billion dedicated to paying those benefits. This fund was down to $3.8 billion in December 2020, as payouts exceeded investment returns and company contributions, securities filings show.</p><p><blockquote>大约十年前，AT&amp;T有127.5亿美元专门用于支付这些福利。证券备案文件显示，由于支出超过了投资回报和公司贡献，该基金在2020年12月降至38亿美元。</blockquote></p><p> Last year, AT&amp;T booked a $2.7 billion accounting benefit from its retiree life and health plans. “A large portion” of this came from reducing its obligations for retiree life-insurance and death benefits, the company said, declining to be specific.</p><p><blockquote>去年，AT&amp;T从其退休人员人寿和健康计划中获得了27亿美元的会计福利。该公司表示，其中“很大一部分”来自于减少退休人员人寿保险和死亡抚恤金的义务，但拒绝透露具体信息。</blockquote></p><p> AT&amp;T has told retirees they can buy new life-insurance policies at a discount through the company if they wish.</p><p><blockquote>AT&amp;T告诉退休人员，如果他们愿意，可以通过该公司以折扣价购买新的人寿保险。</blockquote></p><p> Scott Witt, an actuary and fee-only insurance adviser, said few 70- to 80-year-olds should seriously consider buying life insurance, even at a discount, because premiums rise rapidly at that age. Once it becomes prohibitively expensive, “they’ll drop the policy and then they’ll be worse off for having bought” it, he said.</p><p><blockquote>精算师兼收费保险顾问斯科特·威特(Scott Witt)表示，很少有70至80岁的人应该认真考虑购买人寿保险，即使是打折，因为这个年龄的保费会迅速上涨。他说，一旦价格变得高得令人望而却步，“他们就会放弃保单，然后他们会因为购买了保单而变得更糟”。</blockquote></p><p> An 80-year-old would need to pay $328 a month, or close to $4,000 a year, to maintain a life-insurance benefit of $50,000, according to a pricing schedule AT&amp;T sent to employees in September.</p><p><blockquote>根据AT&amp;T 9月份发给员工的定价表，一名80岁的老人每月需要支付328美元，即每年近4,000美元，才能维持50,000美元的人寿保险福利。</blockquote></p><p> “If I lived to be 90 years old, which I do expect, and paying an increasing premium, I would be far better off investing the money in equities,” said Monte Baggs, 80, who retired in late 1991 after 31 years with AT&amp;T in California and Colorado.</p><p><blockquote>80岁的蒙特·巴格斯(Monte Baggs)在美国电话电报公司工作了31年后于1991年底退休，他说：“如果我活到90岁（我确实预料到了这一点），并支付了越来越多的保费，我最好把钱投资于股票。”加利福尼亚州和科罗拉多州。</blockquote></p><p> At the time, Mr. Baggs said, he turned down a benefit that would have paid his widow a monthly pension after his death, figuring she would get life insurance of at least $75,000 when he died. Now, if he dies after Dec. 31, she will get $15,000.</p><p><blockquote>巴格斯说，当时他拒绝了一项在他死后每月向他的遗孀支付养老金的福利，认为他死后她将获得至少75,000美元的人寿保险。现在，如果他在12月31日之后去世，她将获得15,000美元。</blockquote></p><p> “It’s obvious what they’re trying to do—they’re trying to recover as much as they can, but they’re doing it on the backs of their retirees,” Mr. Baggs said.</p><p><blockquote>“他们想做什么是显而易见的——他们试图尽可能地恢复，但他们是在退休人员的背上这样做的，”巴格斯先生说。</blockquote></p><p> AT&amp;T remains a profitable company, paying nearly $15 billion in annual shareholder dividends as of last year, although its stock has fallen by about 40% over five years. Investors soured on bets that AT&amp;T made on entertainment companies DirecTV and Time Warner Inc. Under investor pressure, AT&amp;T has been unwinding those bets. It sold a stake in DirecTV and set plans to hive off its WarnerMedia division through a merger with Discovery Inc.</p><p><blockquote>AT&amp;T仍然是一家盈利的公司，截至去年，每年支付近150亿美元的股东股息，尽管其股价在五年内下跌了约40%。投资者对AT&amp;T对娱乐公司DirecTV和时代华纳公司的押注感到不满。在投资者的压力下，AT&amp;T一直在解除这些押注。它出售了DirecTV的股份，并计划通过与Discovery Inc.合并来剥离其华纳媒体部门。</blockquote></p><p> AT&amp;T Chief Executive John Stankey, 59, is eligible for life insurance in retirement equal to his final salary; that is about $2.4 million today. The insurance amount will decline to half his final year’s salary at age 70 or once he has been retired for five years, whichever is later.</p><p><blockquote>59岁的AT&amp;T首席执行官约翰·斯坦基(John Stankey)退休后有资格获得相当于其最终工资的人寿保险；今天大约是240万美元。在70岁或退休五年后，保险金额将降至他最后一年工资的一半，以较晚者为准。</blockquote></p><p> Mr. Stankey and his predecessor, Mr. Stephenson, have bought additional life-insurance coverage through AT&amp;T, with the cost subsidized by the company, its filings show. AT&amp;T has disclosed paying about $1.5 million for such coverage for Mr. Stankey and nearly $889,000 for Mr. Stephenson since 2015. The executives declined to comment through an AT&amp;T spokesman.</p><p><blockquote>文件显示，斯坦基和他的前任斯蒂芬森通过AT&amp;T购买了额外的人寿保险，费用由该公司补贴。美国电话电报公司披露，自2015年以来，为斯坦基支付了约150万美元，为斯蒂芬森支付了近88.9万美元。高管们拒绝通过AT&amp;T发言人发表评论。</blockquote></p><p> AT&amp;T said other companies also have paid for special life insurance for at least some executives.</p><p><blockquote>AT&amp;T表示，其他公司也为至少一些高管支付了特殊人寿保险。</blockquote></p><p> Retiree benefits remain on AT&amp;T’s financial radar. In a consulting agreement with a former AT&amp;T finance chief, John Stephens, the company has offered to pay him an extra $500,000 if AT&amp;T meets any of three financial targets. One is cutting $1 billion more from AT&amp;T’s obligation for retiree pensions and benefits. Through an AT&amp;T spokesman, Mr. Stephens declined to comment.</p><p><blockquote>退休人员福利仍在AT&amp;T的财务雷达上。在与美国电话电报公司前财务主管约翰·斯蒂芬斯（John Stephens）达成的咨询协议中，如果美国电话电报公司达到三个财务目标中的任何一个，该公司将向他额外支付50万美元。其中之一是从AT&amp;T的退休人员养老金和福利义务中再削减10亿美元。斯蒂芬斯通过AT&amp;T发言人拒绝置评。</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>AT&T Slashed Promised Life Insurance for Former Workers—and Time Runs Out at Year-End<blockquote>AT&amp;T大幅削减了为前员工承诺的人寿保险——年底时间已经不多了</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\">\nAT&T Slashed Promised Life Insurance for Former Workers—and Time Runs Out at Year-End<blockquote>AT&amp;T大幅削减了为前员工承诺的人寿保险——年底时间已经不多了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">WSJ</strong><span class=\"h-time small\">2021-12-27 07:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>When Dean Allison left his job as a property manager atAT&amp;TT0.36%in 1998, the company offered an incentive to retire: a payment of at least $63,000 upon his death.</p><p><blockquote>1998年，当迪安·艾利森(Dean Allison)辞去atAT&amp;TT0.36%物业经理的工作时，该公司提供了一项退休奖励：在他去世时至少支付63,000美元。</blockquote></p><p> He took the deal, figuring the money would someday help his wife cover funeral expenses, pay outstanding bills and have more to live on.</p><p><blockquote>他接受了这笔交易，认为这笔钱有一天会帮助他的妻子支付丧葬费用，支付未付的账单，并有更多的生活。</blockquote></p><p> Early in 2021, AT&amp;T told Mr. Allison it would pay no more than $15,000 if he dies after Dec. 31.</p><p><blockquote>2021年初，AT&amp;T告诉艾利森，如果他在12月31日之后去世，将支付不超过15,000美元的费用。</blockquote></p><p> AT&amp;T’s decision to cut life insurance and death benefits as of Jan. 1 for many of the 220,000 retirees eligible for the benefits has roiled a generation of workers who say their former employer is reneging on a promise.</p><p><blockquote>AT&amp;T决定从1月1日起削减22万名有资格享受福利的退休人员中的许多人的人寿保险和死亡抚恤金，这激怒了一代工人，他们表示他们的前雇主正在违背承诺。</blockquote></p><p> The cuts don’t apply to top executives, who have life insurance under a separate company-paid program, which the company can’t reduce without their permission. AT&amp;T will pay heirs of Randall Stephenson, who left as chief executive in 2020, $3.6 million under a life-insurance plan reviewed by the board last year, securities filings show.</p><p><blockquote>削减不适用于高管，他们在一个单独的公司支付计划下拥有人寿保险，未经他们的许可，公司不能减少人寿保险。证券备案文件显示，根据董事会去年审查的人寿保险计划，AT&amp;T将向2020年卸任首席执行官的兰德尔·斯蒂芬森(Randall Stephenson)的继承人支付360万美元。</blockquote></p><p> AT&amp;T said that the cuts for other retirees will bring their benefits more in line with benefits at other large employers, and that the change will increase payouts at death for more than 1,000 retirees. It said only a handful of Fortune 100 companies still offer most employees life insurance that continues after retirement.</p><p><blockquote>AT&amp;T表示，其他退休人员的削减将使他们的福利与其他大型雇主的福利更加一致，这一变化将增加1000多名退休人员的死亡抚恤金。报告称，只有少数财富100强公司仍为大多数员工提供退休后继续提供的人寿保险。</blockquote></p><p> “We are working hard to responsibly balance the needs of the business and our taking care of our current 200,000 employees and 500,000 retirees and their dependents,” said an AT&amp;T spokesman, Fletcher Cook. “It is admittedly a balancing act—one that many companies have not successfully navigated.”</p><p><blockquote>AT&amp;T发言人弗莱彻·库克(Fletcher Cook)表示：“我们正在努力负责任地平衡业务需求与照顾现有20万名员工和50万名退休人员及其家属。”“诚然，这是一种平衡行为——许多公司尚未成功驾驭这一行为。”</blockquote></p><p> That’s little comfort to Mr. Allison, 75 years old, of Stuart, Fla. “If they had told me this 10 years ago, that they were going to cut this, I could have done some planning,” he said.</p><p><blockquote>这对佛罗里达州斯图尔特75岁的艾利森先生来说并不是什么安慰。“如果他们10年前告诉我这一点，他们将削减这一点，我就可以做一些计划，”他说。</blockquote></p><p> Today’s AT&amp;T Inc. is the product of decades of splits and mergers, a remnant of the telephone monopoly nicknamed “Ma Bell” that shed its regional operations in 1984. Other offshoots of that breakup have treated retirees’ benefits differently.</p><p><blockquote>今天的AT&amp;T Inc.是数十年拆分和合并的产物，是绰号为“Ma Bell”的电话垄断企业的残余，该企业于1984年剥离了其区域业务。此次拆分的其他分支机构对退休人员的福利有不同的对待。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16a73a1e02fbce04a6f21af3769fa8fd\" tg-width=\"1370\" tg-height=\"729\" width=\"100%\" height=\"auto\"><span>AT&amp;T retiree Monte Baggs said he expected his wife, Phillis, seated, to receive company-paid life insurance of at least $75,000 when he died, but AT&amp;T has cut it to $15,000 if he dies after Dec. 31. ‘They’re trying to recover as much as they can, but they’re doing it on the backs of their retirees,’ he said.PHOTO:TALIA HERMAN FOR THE WALL STREET JOURNAL</span></p><p><blockquote><p class=\"t-img-caption\"><span>AT&amp;T退休人员蒙特·巴格斯(Monte Baggs)表示，他预计妻子菲利斯(Phillis)在他去世时将获得公司支付的至少75,000美元的人寿保险，但如果他在12月31日之后去世，AT&amp;T已将其削减至15,000美元。他说：“他们试图尽可能地恢复，但他们是在退休人员的背上这样做的。”照片：《华尔街日报》的塔利亚·赫尔曼</span></p></blockquote></p><p> Verizon Communications&nbsp;Inc.hasn’t reduced already-retired workers’ life insurance or death benefits, though it has sold off business units to companies that later reduced them.Qwest Communications InternationalInc.,now owned by&nbsp;Lumen TechnologiesInc.,eliminated retiree death benefits entirely, more than a decade ago. Both companies, like AT&amp;T, have capped or reduced retirees’ health benefits as well.</p><p><blockquote>Verizon Communications Inc.并未减少已退休员工的人寿保险或死亡抚恤金，尽管它已将业务部门出售给后来减少这些部门的公司。Qwest Communications InternationalInc.现归Lumen TechnologiesInc.所有，十多年前完全取消了退休人员死亡抚恤金。与AT&amp;T一样，这两家公司也限制或减少了退休人员的健康福利。</blockquote></p><p> In cutting existing retirees’ life-insurance benefits, AT&amp;T joins a few other large companies that have done so in recent years. In 2019,3MCo.roughly halved such benefits, andHowmet AerospaceInc.,a business carved out of&nbsp;Alcoa,eliminated life insurance for some retirees.</p><p><blockquote>在削减现有退休人员的人寿保险福利方面，AT&amp;T加入了近年来其他几家大公司的行列。2019年，3MCo.将此类福利大致减半，而从美国铝业剥离出来的Howmet AerospaceInc.则取消了部分退休人员的人寿保险。</blockquote></p><p> Unlike AT&amp;T, both said their changes applied to executives, too. So didCortevaInc.,a seeds and chemicals company formed from DowDuPont that will end life insurance for about 50,000 retirees on Jan. 1. Vanguard Group recently backed off plans to eliminate retiree life insurance and other benefits after retirees protested.</p><p><blockquote>与AT&amp;T不同的是，两家公司都表示，他们的改变也适用于高管。由陶氏杜邦公司（DowDuPont）组建的种子和化学品公司CortevaInc.也是如此，该公司将于1月1日终止约5万名退休人员的人寿保险。在退休人员抗议后，先锋集团最近放弃了取消退休人员人寿保险和其他福利的计划。</blockquote></p><p> When AT&amp;T employees retired, the company told many of those who were managers that they had company-paid life insurance, which often equaled their final year’s pay, although the sum would decline by half once they hit age 70.</p><p><blockquote>当AT&amp;T员工退休时，该公司告诉许多经理，他们有公司支付的人寿保险，通常相当于他们最后一年的工资，尽管一旦他们年满70岁，金额就会减少一半。</blockquote></p><p> Some also were told that a “death benefit,” also based on final compensation, would be payable to a surviving spouse or dependent child. Nearly a third of management retirees affected by the latest cuts were eligible for both benefits.</p><p><blockquote>一些人还被告知，同样基于最终赔偿的“死亡抚恤金”将支付给未亡配偶或受抚养子女。受最新裁员影响的近三分之一的管理层退休人员有资格享受这两项福利。</blockquote></p><p> Now, the life insurance benefit, no matter at what value it started, will be $15,000 if the management retiree dies after Dec. 31. The death benefit will be capped at $25,000.</p><p><blockquote>现在，如果管理层退休人员在12月31日之后去世，人寿保险福利，无论起始价值如何，都将为15,000美元。死亡抚恤金的上限为25,000美元。</blockquote></p><p> Retired AT&amp;T union members also often were told they had life insurance based on their pay. This benefit, too, was designed to decline by half after they reached 70. Now, if they die after Dec. 31, it will be just $25,000. Many union retirees are due a death benefit as well; it will be capped at $25,000 after Dec. 31.</p><p><blockquote>退休的AT&amp;T工会成员也经常被告知他们有基于工资的人寿保险。这项福利也被设计成在他们年满70岁后减少一半。现在，如果他们在12月31日之后去世，将只有25,000美元。许多工会退休人员也有权领取死亡抚恤金；12月31日之后，上限为25,000美元。</blockquote></p><p></p><p> John Tucciarone, who spent 42 years managing AT&amp;T infrastructure in New York and New Jersey until his 2009 retirement, said he recalls executives defending wages that were slightly below competitors’ pay by citing the retirement benefits. “At the time, it was a from-cradle-to-grave type mentality,” said Mr. Tucciarone, a 74-year-old in Leland, N.C. “That stopped a lot of people looking at other places” for higher pay, he said.</p><p><blockquote>约翰·图恰罗内(John Tucciarone)在纽约和新泽西管理AT&amp;T基础设施42年，直至2009年退休，他表示，他回忆起高管们通过引用退休福利来捍卫略低于竞争对手工资的工资。“当时，这是一种从摇篮到坟墓的心态，”北卡罗来纳州利兰74岁的图恰罗内先生说。他说，“这阻止了很多人去其他地方”寻求更高的工资。</blockquote></p><p> In the mid-1990s, AT&amp;T ceased telling most new employees that their spouse would get a death benefit. After 2007, it stopped providing managers a pledge of life insurance that continued in retirement. Over the years, it also stopped basing the life insurance given to new and current union workers on their pay, instead providing a flat $15,000.</p><p><blockquote>20世纪90年代中期，美国电话电报公司不再告诉大多数新员工他们的配偶将获得死亡抚恤金。2007年后，它停止向经理人提供退休后继续提供人寿保险的承诺。多年来，它还不再根据新加入和现任工会工人的工资为人寿保险，而是统一提供15,000美元。</blockquote></p><p> AT&amp;T informed retirees last winter of its plan to cut their benefits. Retirees protested to the board, and a group met with company benefits officials to urge them to reconsider.</p><p><blockquote>AT&amp;T去年冬天通知退休人员其削减福利的计划。退休人员向董事会提出抗议，一个团体会见了公司福利官员，敦促他们重新考虑。</blockquote></p><p> AT&amp;T said directors have received the complaints, together with executives’ response, and the company has no plans to change course.</p><p><blockquote>AT&amp;T表示，董事们已经收到了投诉以及高管的回应，公司没有计划改变路线。</blockquote></p><p> “The marketplace that we operate in has changed. And it’s really forced us to try and still be competitive and make changes that are challenging,” said Julianne Galloway, AT&amp;T’s vice president for global benefits, who met with the retirees.</p><p><blockquote>AT&amp;T全球福利副总裁朱丽安·加洛韦(Julianne Galloway)在会见退休人员时表示：“我们经营的市场已经发生了变化。这确实迫使我们努力保持竞争力并做出具有挑战性的改变。”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bf011d62dfcfd7e43af7ebc858256763\" tg-width=\"1252\" tg-height=\"697\" width=\"100%\" height=\"auto\"><span>Mr. Allison said that when he retired, AT&amp;T promised a benefit of at least $63,000 upon his death, an amount the company has cut to $15,000 if he dies after Dec. 31.PHOTO:MELODY TIMOTHEE FOR THE WALL STREET JOURNAL</span></p><p><blockquote><p class=\"t-img-caption\"><span>Allison先生说，当他退休时，AT&amp;T承诺在他去世时至少提供63,000美元的福利，如果他在12月31日之后去世，该公司将这一金额削减至15,000美元。照片：MELODY TIMOTHEE为《华尔街日报》撰稿</span></p></blockquote></p><p> Warren Miner, 84, retired in 1996 as one of AT&amp;T’s benefits directors, after several years of helping shape health and life-insurance programs like those he hoped to enjoy in retirement.</p><p><blockquote>84岁的沃伦·迈纳(Warren Miner)于1996年退休，担任AT&amp;T的福利主管之一，此前他多年来帮助制定了他希望退休后享受的健康和人寿保险计划。</blockquote></p><p> Mr. Miner, of Estero, Fla., counted on being eligible for about $364,000 from the combination of life insurance and a separate death benefit.</p><p><blockquote>来自佛罗里达州埃斯特罗的迈纳先生预计有资格从人寿保险和单独的死亡抚恤金中获得约36.4万美元。</blockquote></p><p> Instead, after Dec. 31, his wife can expect at most $40,000 in total from the two programs.</p><p><blockquote>相反，在12月31日之后，他的妻子最多可以从这两个项目中获得4万美元。</blockquote></p><p> “If there isn’t a legal obligation, there certainly is a moral obligation not to treat people this way,” Mr. Miner said.</p><p><blockquote>“如果没有法律义务，那么肯定有道德义务不以这种方式对待他人，”迈纳先生说。</blockquote></p><p> AT&amp;T’s Mr. Cook said the company’s “decision is very much about us fulfilling a moral obligation for more than 700,000 people, not just a select few.”</p><p><blockquote>AT&amp;T的库克先生表示，该公司的“决定很大程度上是为了我们为超过70万人履行道德义务，而不仅仅是少数人。”</blockquote></p><p> Federal law bars companies from cutting pension benefits for employees after they retire, but courts have said other kinds of retiree benefits—including healthcare, life insurance and a death benefit—can be changed if employers reserved a right to do so in official documentation.</p><p><blockquote>联邦法律禁止公司在员工退休后削减养老金福利，但法院表示，如果雇主在官方文件中保留这样做的权利，其他类型的退休人员福利——包括医疗保健、人寿保险和死亡抚恤金——可以改变。</blockquote></p><p> Since the early 1990s, AT&amp;T has included, in plan documents, language reserving a right to change retiree benefits at any time. For certain retirees whose plan documents predate this language, life insurance isn’t changing.</p><p><blockquote>自20世纪90年代初以来，美国电话电报公司在计划文件中加入了保留随时改变退休人员福利权利的语言。对于某些计划文件早于此语言的退休人员来说，人寿保险不会改变。</blockquote></p><p> Many retirees said they knew it was possible for AT&amp;T to change their benefits, but they never expected it to do so after maintaining them for decades.</p><p><blockquote>许多退休人员表示，他们知道AT&amp;T有可能改变他们的福利，但他们从未想到在维持了几十年后会这样做。</blockquote></p><p> Karla Billings joined AT&amp;T in Topeka, Kan., in 1996 after being widowed at 32. She retired in 2017. She said she decided not to buy additional life insurance, figuring that AT&amp;T’s $65,000 for retired union workers at her level was enough. Now, assuming she lives past Dec. 31, the payout will be $40,000 less.</p><p><blockquote>卡拉·比林斯在堪萨斯州托皮卡加入了美国电话电报公司。1996年，32岁丧偶。她于2017年退休。她说，她决定不购买额外的人寿保险，认为AT&amp;T为她这个级别的退休工会工人提供的65,000美元已经足够了。现在，假设她活到12月31日之后，支出将减少40,000美元。</blockquote></p><p> “You’re at their mercy, and you don’t really have any recourse,” Ms. Billings said.</p><p><blockquote>“你受他们的摆布，你实际上没有任何追索权，”比林斯女士说。</blockquote></p><p> In letters announcing the reductions, AT&amp;T said it often reviews its benefits to ensure it remains competitive and relevant to past and present employees.</p><p><blockquote>AT&amp;T在宣布裁员的信中表示，它经常审查其福利，以确保其保持竞争力并与过去和现在的员工相关。</blockquote></p><p> “We continue to provide generous retirement benefits that many in corporate America don’t offer any more,” said Mr. Cook, the spokesman. He said four out of five employees, and nearly all retirees, are covered by the company’s pension plan, and the company provides subsidized healthcare for retirees. The wireless network operator also employs a large union-represented workforce under collective bargaining agreements that many competitors don’t have.</p><p><blockquote>“我们继续提供慷慨的退休福利，这是许多美国公司不再提供的，”发言人库克先生说。他说，五分之四的员工以及几乎所有退休人员都享受公司的养老金计划，公司为退休人员提供医疗补贴。这家无线网络运营商还根据集体谈判协议雇用了大量工会代表的劳动力，这是许多竞争对手所没有的。</blockquote></p><p> Life insurance that continues in retirement was once a hallmark of work at blue-chip companies. It was still available to about a third of U.S. workers at medium-size and large companies in 1997, when the Labor Department stopped tracking it. Benefits consulting firm WillisTowers Watsonsays about 13% of the 732 U.S. and foreign companies of various sizes that it tracks offer retiree life insurance. Few of today’s new corporate giants do.</p><p><blockquote>退休后继续购买人寿保险曾经是蓝筹公司工作的标志。1997年，当劳工部停止跟踪它时，大约三分之一的美国大中型公司工人仍然可以使用它。福利咨询公司WilliStowers Watson表示，在其追踪的732家不同规模的美国和外国公司中，约有13%提供退休人员人寿保险。今天的新企业巨头很少有人这样做。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c34d749277776814bf9a6be8d4bbdd7\" tg-width=\"719\" tg-height=\"591\" width=\"100%\" height=\"auto\"><span>Mr. Baggs, center, at an awards event when he was an AT&amp;T manager.PHOTO:TALIA HERMAN FOR THE WALL STREET JOURNAL</span></p><p><blockquote><p class=\"t-img-caption\"><span>巴格斯先生（中）在担任AT&amp;T经理时出席颁奖典礼。照片：《华尔街日报》的TALIA HERMAN</span></p></blockquote></p><p></p><p> Companies aren’t required to set aside cash to pay future retiree benefits, as they have to do for pensions. But they must carry an obligation on their balance sheets reflecting the current value of every dollar they expect to pay in either pensions or retiree benefits in the future.</p><p><blockquote>公司不需要像支付养老金那样留出现金来支付未来的退休人员福利。但他们必须在资产负债表上承担一项义务，反映他们预计未来支付养老金或退休福利的每一美元的当前价值。</blockquote></p><p> AT&amp;T’s obligation for retiree healthcare and life insurance plans, which it combines in its disclosures, fell to about $14 billion at the end of 2020 from roughly double that amount five years earlier.</p><p><blockquote>AT&amp;T在其披露中对退休人员医疗保健和人寿保险计划的义务从五年前的大约两倍降至2020年底的约140亿美元。</blockquote></p><p> About a decade ago, AT&amp;T had $12.75 billion dedicated to paying those benefits. This fund was down to $3.8 billion in December 2020, as payouts exceeded investment returns and company contributions, securities filings show.</p><p><blockquote>大约十年前，AT&amp;T有127.5亿美元专门用于支付这些福利。证券备案文件显示，由于支出超过了投资回报和公司贡献，该基金在2020年12月降至38亿美元。</blockquote></p><p> Last year, AT&amp;T booked a $2.7 billion accounting benefit from its retiree life and health plans. “A large portion” of this came from reducing its obligations for retiree life-insurance and death benefits, the company said, declining to be specific.</p><p><blockquote>去年，AT&amp;T从其退休人员人寿和健康计划中获得了27亿美元的会计福利。该公司表示，其中“很大一部分”来自于减少退休人员人寿保险和死亡抚恤金的义务，但拒绝透露具体信息。</blockquote></p><p> AT&amp;T has told retirees they can buy new life-insurance policies at a discount through the company if they wish.</p><p><blockquote>AT&amp;T告诉退休人员，如果他们愿意，可以通过该公司以折扣价购买新的人寿保险。</blockquote></p><p> Scott Witt, an actuary and fee-only insurance adviser, said few 70- to 80-year-olds should seriously consider buying life insurance, even at a discount, because premiums rise rapidly at that age. Once it becomes prohibitively expensive, “they’ll drop the policy and then they’ll be worse off for having bought” it, he said.</p><p><blockquote>精算师兼收费保险顾问斯科特·威特(Scott Witt)表示，很少有70至80岁的人应该认真考虑购买人寿保险，即使是打折，因为这个年龄的保费会迅速上涨。他说，一旦价格变得高得令人望而却步，“他们就会放弃保单，然后他们会因为购买了保单而变得更糟”。</blockquote></p><p> An 80-year-old would need to pay $328 a month, or close to $4,000 a year, to maintain a life-insurance benefit of $50,000, according to a pricing schedule AT&amp;T sent to employees in September.</p><p><blockquote>根据AT&amp;T 9月份发给员工的定价表，一名80岁的老人每月需要支付328美元，即每年近4,000美元，才能维持50,000美元的人寿保险福利。</blockquote></p><p> “If I lived to be 90 years old, which I do expect, and paying an increasing premium, I would be far better off investing the money in equities,” said Monte Baggs, 80, who retired in late 1991 after 31 years with AT&amp;T in California and Colorado.</p><p><blockquote>80岁的蒙特·巴格斯(Monte Baggs)在美国电话电报公司工作了31年后于1991年底退休，他说：“如果我活到90岁（我确实预料到了这一点），并支付了越来越多的保费，我最好把钱投资于股票。”加利福尼亚州和科罗拉多州。</blockquote></p><p> At the time, Mr. Baggs said, he turned down a benefit that would have paid his widow a monthly pension after his death, figuring she would get life insurance of at least $75,000 when he died. Now, if he dies after Dec. 31, she will get $15,000.</p><p><blockquote>巴格斯说，当时他拒绝了一项在他死后每月向他的遗孀支付养老金的福利，认为他死后她将获得至少75,000美元的人寿保险。现在，如果他在12月31日之后去世，她将获得15,000美元。</blockquote></p><p> “It’s obvious what they’re trying to do—they’re trying to recover as much as they can, but they’re doing it on the backs of their retirees,” Mr. Baggs said.</p><p><blockquote>“他们想做什么是显而易见的——他们试图尽可能地恢复，但他们是在退休人员的背上这样做的，”巴格斯先生说。</blockquote></p><p> AT&amp;T remains a profitable company, paying nearly $15 billion in annual shareholder dividends as of last year, although its stock has fallen by about 40% over five years. Investors soured on bets that AT&amp;T made on entertainment companies DirecTV and Time Warner Inc. Under investor pressure, AT&amp;T has been unwinding those bets. It sold a stake in DirecTV and set plans to hive off its WarnerMedia division through a merger with Discovery Inc.</p><p><blockquote>AT&amp;T仍然是一家盈利的公司，截至去年，每年支付近150亿美元的股东股息，尽管其股价在五年内下跌了约40%。投资者对AT&amp;T对娱乐公司DirecTV和时代华纳公司的押注感到不满。在投资者的压力下，AT&amp;T一直在解除这些押注。它出售了DirecTV的股份，并计划通过与Discovery Inc.合并来剥离其华纳媒体部门。</blockquote></p><p> AT&amp;T Chief Executive John Stankey, 59, is eligible for life insurance in retirement equal to his final salary; that is about $2.4 million today. The insurance amount will decline to half his final year’s salary at age 70 or once he has been retired for five years, whichever is later.</p><p><blockquote>59岁的AT&amp;T首席执行官约翰·斯坦基(John Stankey)退休后有资格获得相当于其最终工资的人寿保险；今天大约是240万美元。在70岁或退休五年后，保险金额将降至他最后一年工资的一半，以较晚者为准。</blockquote></p><p> Mr. Stankey and his predecessor, Mr. Stephenson, have bought additional life-insurance coverage through AT&amp;T, with the cost subsidized by the company, its filings show. AT&amp;T has disclosed paying about $1.5 million for such coverage for Mr. Stankey and nearly $889,000 for Mr. Stephenson since 2015. The executives declined to comment through an AT&amp;T spokesman.</p><p><blockquote>文件显示，斯坦基和他的前任斯蒂芬森通过AT&amp;T购买了额外的人寿保险，费用由该公司补贴。美国电话电报公司披露，自2015年以来，为斯坦基支付了约150万美元，为斯蒂芬森支付了近88.9万美元。高管们拒绝通过AT&amp;T发言人发表评论。</blockquote></p><p> AT&amp;T said other companies also have paid for special life insurance for at least some executives.</p><p><blockquote>AT&amp;T表示，其他公司也为至少一些高管支付了特殊人寿保险。</blockquote></p><p> Retiree benefits remain on AT&amp;T’s financial radar. In a consulting agreement with a former AT&amp;T finance chief, John Stephens, the company has offered to pay him an extra $500,000 if AT&amp;T meets any of three financial targets. One is cutting $1 billion more from AT&amp;T’s obligation for retiree pensions and benefits. Through an AT&amp;T spokesman, Mr. Stephens declined to comment.</p><p><blockquote>退休人员福利仍在AT&amp;T的财务雷达上。在与美国电话电报公司前财务主管约翰·斯蒂芬斯（John Stephens）达成的咨询协议中，如果美国电话电报公司达到三个财务目标中的任何一个，该公司将向他额外支付50万美元。其中之一是从AT&amp;T的退休人员养老金和福利义务中再削减10亿美元。斯蒂芬斯通过AT&amp;T发言人拒绝置评。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/at-t-slashed-promised-life-insurance-for-former-workersand-time-runs-out-at-year-end-11640544022?siteid=yhoof2\">WSJ</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":{"T":"At&T"},"source_url":"https://www.wsj.com/articles/at-t-slashed-promised-life-insurance-for-former-workersand-time-runs-out-at-year-end-11640544022?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178126612","content_text":"When Dean Allison left his job as a property manager atAT&TT0.36%in 1998, the company offered an incentive to retire: a payment of at least $63,000 upon his death.\nHe took the deal, figuring the money would someday help his wife cover funeral expenses, pay outstanding bills and have more to live on.\nEarly in 2021, AT&T told Mr. Allison it would pay no more than $15,000 if he dies after Dec. 31.\nAT&T’s decision to cut life insurance and death benefits as of Jan. 1 for many of the 220,000 retirees eligible for the benefits has roiled a generation of workers who say their former employer is reneging on a promise.\nThe cuts don’t apply to top executives, who have life insurance under a separate company-paid program, which the company can’t reduce without their permission. AT&T will pay heirs of Randall Stephenson, who left as chief executive in 2020, $3.6 million under a life-insurance plan reviewed by the board last year, securities filings show.\nAT&T said that the cuts for other retirees will bring their benefits more in line with benefits at other large employers, and that the change will increase payouts at death for more than 1,000 retirees. It said only a handful of Fortune 100 companies still offer most employees life insurance that continues after retirement.\n“We are working hard to responsibly balance the needs of the business and our taking care of our current 200,000 employees and 500,000 retirees and their dependents,” said an AT&T spokesman, Fletcher Cook. “It is admittedly a balancing act—one that many companies have not successfully navigated.”\nThat’s little comfort to Mr. Allison, 75 years old, of Stuart, Fla. “If they had told me this 10 years ago, that they were going to cut this, I could have done some planning,” he said.\nToday’s AT&T Inc. is the product of decades of splits and mergers, a remnant of the telephone monopoly nicknamed “Ma Bell” that shed its regional operations in 1984. Other offshoots of that breakup have treated retirees’ benefits differently.\nAT&T retiree Monte Baggs said he expected his wife, Phillis, seated, to receive company-paid life insurance of at least $75,000 when he died, but AT&T has cut it to $15,000 if he dies after Dec. 31. ‘They’re trying to recover as much as they can, but they’re doing it on the backs of their retirees,’ he said.PHOTO:TALIA HERMAN FOR THE WALL STREET JOURNAL\nVerizon Communications Inc.hasn’t reduced already-retired workers’ life insurance or death benefits, though it has sold off business units to companies that later reduced them.Qwest Communications InternationalInc.,now owned by Lumen TechnologiesInc.,eliminated retiree death benefits entirely, more than a decade ago. Both companies, like AT&T, have capped or reduced retirees’ health benefits as well.\nIn cutting existing retirees’ life-insurance benefits, AT&T joins a few other large companies that have done so in recent years. In 2019,3MCo.roughly halved such benefits, andHowmet AerospaceInc.,a business carved out of Alcoa,eliminated life insurance for some retirees.\nUnlike AT&T, both said their changes applied to executives, too. So didCortevaInc.,a seeds and chemicals company formed from DowDuPont that will end life insurance for about 50,000 retirees on Jan. 1. Vanguard Group recently backed off plans to eliminate retiree life insurance and other benefits after retirees protested.\nWhen AT&T employees retired, the company told many of those who were managers that they had company-paid life insurance, which often equaled their final year’s pay, although the sum would decline by half once they hit age 70.\nSome also were told that a “death benefit,” also based on final compensation, would be payable to a surviving spouse or dependent child. Nearly a third of management retirees affected by the latest cuts were eligible for both benefits.\nNow, the life insurance benefit, no matter at what value it started, will be $15,000 if the management retiree dies after Dec. 31. The death benefit will be capped at $25,000.\nRetired AT&T union members also often were told they had life insurance based on their pay. This benefit, too, was designed to decline by half after they reached 70. Now, if they die after Dec. 31, it will be just $25,000. Many union retirees are due a death benefit as well; it will be capped at $25,000 after Dec. 31.\nJohn Tucciarone, who spent 42 years managing AT&T infrastructure in New York and New Jersey until his 2009 retirement, said he recalls executives defending wages that were slightly below competitors’ pay by citing the retirement benefits. “At the time, it was a from-cradle-to-grave type mentality,” said Mr. Tucciarone, a 74-year-old in Leland, N.C. “That stopped a lot of people looking at other places” for higher pay, he said.\nIn the mid-1990s, AT&T ceased telling most new employees that their spouse would get a death benefit. After 2007, it stopped providing managers a pledge of life insurance that continued in retirement. Over the years, it also stopped basing the life insurance given to new and current union workers on their pay, instead providing a flat $15,000.\nAT&T informed retirees last winter of its plan to cut their benefits. Retirees protested to the board, and a group met with company benefits officials to urge them to reconsider.\nAT&T said directors have received the complaints, together with executives’ response, and the company has no plans to change course.\n“The marketplace that we operate in has changed. And it’s really forced us to try and still be competitive and make changes that are challenging,” said Julianne Galloway, AT&T’s vice president for global benefits, who met with the retirees.\nMr. Allison said that when he retired, AT&T promised a benefit of at least $63,000 upon his death, an amount the company has cut to $15,000 if he dies after Dec. 31.PHOTO:MELODY TIMOTHEE FOR THE WALL STREET JOURNAL\nWarren Miner, 84, retired in 1996 as one of AT&T’s benefits directors, after several years of helping shape health and life-insurance programs like those he hoped to enjoy in retirement.\nMr. Miner, of Estero, Fla., counted on being eligible for about $364,000 from the combination of life insurance and a separate death benefit.\nInstead, after Dec. 31, his wife can expect at most $40,000 in total from the two programs.\n“If there isn’t a legal obligation, there certainly is a moral obligation not to treat people this way,” Mr. Miner said.\nAT&T’s Mr. Cook said the company’s “decision is very much about us fulfilling a moral obligation for more than 700,000 people, not just a select few.”\nFederal law bars companies from cutting pension benefits for employees after they retire, but courts have said other kinds of retiree benefits—including healthcare, life insurance and a death benefit—can be changed if employers reserved a right to do so in official documentation.\nSince the early 1990s, AT&T has included, in plan documents, language reserving a right to change retiree benefits at any time. For certain retirees whose plan documents predate this language, life insurance isn’t changing.\nMany retirees said they knew it was possible for AT&T to change their benefits, but they never expected it to do so after maintaining them for decades.\nKarla Billings joined AT&T in Topeka, Kan., in 1996 after being widowed at 32. She retired in 2017. She said she decided not to buy additional life insurance, figuring that AT&T’s $65,000 for retired union workers at her level was enough. Now, assuming she lives past Dec. 31, the payout will be $40,000 less.\n“You’re at their mercy, and you don’t really have any recourse,” Ms. Billings said.\nIn letters announcing the reductions, AT&T said it often reviews its benefits to ensure it remains competitive and relevant to past and present employees.\n“We continue to provide generous retirement benefits that many in corporate America don’t offer any more,” said Mr. Cook, the spokesman. He said four out of five employees, and nearly all retirees, are covered by the company’s pension plan, and the company provides subsidized healthcare for retirees. The wireless network operator also employs a large union-represented workforce under collective bargaining agreements that many competitors don’t have.\nLife insurance that continues in retirement was once a hallmark of work at blue-chip companies. It was still available to about a third of U.S. workers at medium-size and large companies in 1997, when the Labor Department stopped tracking it. Benefits consulting firm WillisTowers Watsonsays about 13% of the 732 U.S. and foreign companies of various sizes that it tracks offer retiree life insurance. Few of today’s new corporate giants do.\nMr. Baggs, center, at an awards event when he was an AT&T manager.PHOTO:TALIA HERMAN FOR THE WALL STREET JOURNAL\nCompanies aren’t required to set aside cash to pay future retiree benefits, as they have to do for pensions. But they must carry an obligation on their balance sheets reflecting the current value of every dollar they expect to pay in either pensions or retiree benefits in the future.\nAT&T’s obligation for retiree healthcare and life insurance plans, which it combines in its disclosures, fell to about $14 billion at the end of 2020 from roughly double that amount five years earlier.\nAbout a decade ago, AT&T had $12.75 billion dedicated to paying those benefits. This fund was down to $3.8 billion in December 2020, as payouts exceeded investment returns and company contributions, securities filings show.\nLast year, AT&T booked a $2.7 billion accounting benefit from its retiree life and health plans. “A large portion” of this came from reducing its obligations for retiree life-insurance and death benefits, the company said, declining to be specific.\nAT&T has told retirees they can buy new life-insurance policies at a discount through the company if they wish.\nScott Witt, an actuary and fee-only insurance adviser, said few 70- to 80-year-olds should seriously consider buying life insurance, even at a discount, because premiums rise rapidly at that age. Once it becomes prohibitively expensive, “they’ll drop the policy and then they’ll be worse off for having bought” it, he said.\nAn 80-year-old would need to pay $328 a month, or close to $4,000 a year, to maintain a life-insurance benefit of $50,000, according to a pricing schedule AT&T sent to employees in September.\n“If I lived to be 90 years old, which I do expect, and paying an increasing premium, I would be far better off investing the money in equities,” said Monte Baggs, 80, who retired in late 1991 after 31 years with AT&T in California and Colorado.\nAt the time, Mr. Baggs said, he turned down a benefit that would have paid his widow a monthly pension after his death, figuring she would get life insurance of at least $75,000 when he died. Now, if he dies after Dec. 31, she will get $15,000.\n“It’s obvious what they’re trying to do—they’re trying to recover as much as they can, but they’re doing it on the backs of their retirees,” Mr. Baggs said.\nAT&T remains a profitable company, paying nearly $15 billion in annual shareholder dividends as of last year, although its stock has fallen by about 40% over five years. Investors soured on bets that AT&T made on entertainment companies DirecTV and Time Warner Inc. Under investor pressure, AT&T has been unwinding those bets. It sold a stake in DirecTV and set plans to hive off its WarnerMedia division through a merger with Discovery Inc.\nAT&T Chief Executive John Stankey, 59, is eligible for life insurance in retirement equal to his final salary; that is about $2.4 million today. The insurance amount will decline to half his final year’s salary at age 70 or once he has been retired for five years, whichever is later.\nMr. Stankey and his predecessor, Mr. Stephenson, have bought additional life-insurance coverage through AT&T, with the cost subsidized by the company, its filings show. AT&T has disclosed paying about $1.5 million for such coverage for Mr. Stankey and nearly $889,000 for Mr. Stephenson since 2015. The executives declined to comment through an AT&T spokesman.\nAT&T said other companies also have paid for special life insurance for at least some executives.\nRetiree benefits remain on AT&T’s financial radar. In a consulting agreement with a former AT&T finance chief, John Stephens, the company has offered to pay him an extra $500,000 if AT&T meets any of three financial targets. One is cutting $1 billion more from AT&T’s obligation for retiree pensions and benefits. Through an AT&T spokesman, Mr. Stephens declined to comment.","news_type":1,"symbols_score_info":{"T":0.9}},"isVote":1,"tweetType":1,"viewCount":2693,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698722307,"gmtCreate":1640562327425,"gmtModify":1640562328087,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/698722307","repostId":"2194177239","repostType":4,"repost":{"id":"2194177239","kind":"news","pubTimestamp":1640559609,"share":"https://www.laohu8.com/m/news/2194177239?lang=zh_CN&edition=full","pubTime":"2021-12-27 07:00","market":"us","language":"en","title":"Santa Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2194177239","media":"Yahoo Finance","summary":"As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for the coming days.The S&P 500  is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year.According to data from LPL Financial, the Santa Claus Rally period encapsulates the seven days most likely to be higher in any ","content":"<p><div> As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for ...</p><p><blockquote><div>随着交易员从假期缩短的一周中回归，进入新的一年的价格走势将受到密切关注——特别是考虑到相对清淡的经济数据和收益日历...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页连接</a></blockquote></p><p></p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Santa Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</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; 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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\">\nSanta Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo Finance</strong><span class=\"h-time small\">2021-12-27 07:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for ...</p><p><blockquote><div>随着交易员从假期缩短的一周中回归，进入新的一年的价格走势将受到密切关注——特别是考虑到相对清淡的经济数据和收益日历...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">Yahoo Finance</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4541":"氢能源","BK4096":"电气部件与设备","SPY.AU":"SPDR® S&P 500® ETF Trust","FCEL":"燃料电池能源"},"source_url":"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2194177239","content_text":"As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for the coming days.\nThe S&P 500 (^GSPC) is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year.\nThe term, coined by Stock Trader's Almanac in the 1970s, encompasses the final five trading days of the year and first two sessions of the new year. This year, that Santa Claus Rally window is set to start on Monday, Dec. 27 — or the latest a Santa Claus rally has started in 11 years, due to the timing of the holidays this year.\nAccording to data from LPL Financial, the Santa Claus Rally period encapsulates the seven days most likely to be higher in any given year. Since 1950, the Santa Claus Rally period has produced a positive return for the S&P 500 78.9% of the time, with an average return of 1.33%.\n“Why are these seven days so strong?” wrote Ryan Detrick, LPL Financial chief market strategist, in a note. “Whether optimism over a coming new year, holiday spending, traders on vacation, institutions squaring up their books — or the holiday spirit — the bottom line is that bulls tend to believe in Santa.”\nAnd if history is any indication, the absence of a Santa Claus Rally has also typically served as a harbinger of lower near-term returns.\n\"Going back to the mid-1990s, there have been only six times Santa failed to show in December. January was lower five of those six times, and the full year had a solid gain only once (in 2016, but a mini-bear market early in the year),\" Detrick added.\n“Considering the bear markets of 2000 and 2008 both took place after one of the rare instances that Santa failed to show makes believers out of us,\" he said. A bear market typically refers to when stocks drop at least 20% from recent record highs. \"Should this seasonally strong period miss the mark, it could be a warning sign.\"\nAnd this year, investors do have considerable additional concerns to mull heading into the new year. Though stocks closed out Thursday's session at fresh record highs before the long holiday weekend, December still marked a volatile month to start, with renewed concerns over the Omicron variant and the potential for tighter monetary policy from the Federal Reserve weighing on risk assets. Plus, prospects for more near-term fiscal support via the Biden administration's Build Back Better bill have dwindled, and inflation concerns spiked further. Last week, the Bureau of Economic Analysis reported core personal consumption expenditures (PCE) — the Fed's preferred inflation gauge — rose at a 4.7% year-over-year clip, or the fastest since 1983.\n\"If the U.S. was not battling the Omicron variant, U.S. stocks would be dancing higher as the Santa Claus Rally would have kept the climb going into uncharted territory,\" Edward Moya, chief market strategist at OANDA, wrote in a note last week. \"It is too early to say for sure if we will get a Santa Claus Rally, but given all the short-term risks of Fed tightening, Chinese weakness, fiscal support uncertainty and COVID, Wall Street is not complaining.\"\nA man in a Santa Claus costume gestures on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on December 5, 2019 in New York. (Photo by Bryan R. Smith / AFP) (Photo by BRYAN R. SMITH/AFP via Getty Images)BRYAN R. SMITH via Getty Images\nEconomic calendar\n\nMonday: Dallas Federal Reserve Manufacturing Activity Index, Dec. (13.0 expected, 11.8 in November)\nTuesday: FHFA House Price Index, month-over-month, October (0.9% in September); S&P CoreLogic Case-Shiller 20 City Composite Index, month-over-month, October (0.9% expected, 0.96% in September); S&P CoreLogic Case-Shiller 20 City Composite Index, year-over-year, October (18.6%. expected, 19.05% in September); S&P CoreLogic Case-Shiller Home Price Index, year-over-year, November (19.51% in October); Richmond Fed Manufacturing Index, December (11 expected,11 in November)\nWednesday: Wholesale Inventories, month-over-month, November preliminary (1.7% expected, 2.3% in October); Advance Goods Trade Balance, November (-$89.0 billion expected, -$82.9 billion in October); Retail Inventories, month-over-month, November (0.5% expected, 0.1% in October); Pending Home Sales, month-over-month, November (0.5% expected, 7.5% in October)\nThursday: Initial jobless claims, week ended Dec. 25. (205,000 during prior week); Continuing claims, week ended Dec. 18 (1.859 million during prior week); MNI Chicago PMI, December (62.2 expected, 61.8 in November)\nFriday: No notable reports scheduled for release\n\nEarnings calendar\n\nMonday: No notable reports scheduled for release\nTuesday: No notable reports scheduled for release\nWednesday: FuelCell Energy Inc. (FCEL) before market open\nThursday: No notable reports scheduled for release\nFriday: No notable reports scheduled for release","news_type":1,"symbols_score_info":{"FCEL":0.9,"SPY.AU":0.9}},"isVote":1,"tweetType":1,"viewCount":2817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698553507,"gmtCreate":1640476272649,"gmtModify":1640476273366,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698553507","repostId":"1135475953","repostType":4,"repost":{"id":"1135475953","kind":"news","pubTimestamp":1640397550,"share":"https://www.laohu8.com/m/news/1135475953?lang=zh_CN&edition=full","pubTime":"2021-12-25 09:59","market":"us","language":"en","title":"SPAC SHUAA Partners Acquisition I files for a $200 million IPO, targeting tech in the MENAT region<blockquote>SPAC SHUAA Partners Acquisition I申请2亿美元IPO，目标是MENAT地区的科技公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135475953","media":"Renaissance Capital","summary":"SHUAA Partners Acquisition I, a blank check company formed by SHUAA Capital targeting tech in the Mi","content":"<p>SHUAA Partners Acquisition I, a blank check company formed by SHUAA Capital targeting tech in the Middle East, North Africa, and Turkey, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.</p><p><blockquote>SHUAA Partners Acquisition I是一家由SHUAA Capital成立的空白支票公司，目标是中东、北非和土耳其的科技公司，该公司周四向SEC提交了首次公开募股，计划筹集至多2亿美元。</blockquote></p><p> The Cayman Islands-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, SHUAA Partners Acquisition I would command a market value of $250 million.</p><p><blockquote>这家总部位于开曼群岛的公司计划通过以10美元的价格发行2000万套股票来筹集2亿美元。每个单位由一股普通股和一半认股权证组成，行使价为11.50美元。按照拟议的交易规模，SHUAA Partners Acquisition I的市值将达到2.5亿美元。</blockquote></p><p> The company is led by&nbsp;<b>CEO and Director&nbsp;Fawad Tariq Khan</b>,&nbsp;a Managing Director of the Investment Banking Group at&nbsp;SHUAA Capital,&nbsp;an asset management and investment banking platform in the Middle East region. The company plans to target&nbsp;the technology space across the high growth markets of the Middle East, North Africa, and Turkey (MENAT) region.</p><p><blockquote>公司由<b>首席执行官兼董事法瓦德·塔里克·汗</b>，中东地区资产管理和投资银行平台SHUAA Capital投资银行集团董事总经理。该公司计划瞄准中东、北非和土耳其(MENAT)地区高增长市场的技术领域。</blockquote></p><p> SHUAA Partners Acquisition I was founded in 2021 and plans to list on the Nasdaq under the symbol&nbsp;SHUAU. BTIG is the sole bookrunner on the deal.</p><p><blockquote>SHUAA Partners Acquisition I成立于2021年，计划在纳斯达克上市，股票代码为SHUAU。BTIG是该交易的唯一账簿管理人。</blockquote></p><p></p>","source":"lsy1603787993745","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>SPAC SHUAA Partners Acquisition I files for a $200 million IPO, targeting tech in the MENAT region<blockquote>SPAC SHUAA Partners Acquisition I申请2亿美元IPO，目标是MENAT地区的科技公司</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\">\nSPAC SHUAA Partners Acquisition I files for a $200 million IPO, targeting tech in the MENAT region<blockquote>SPAC SHUAA Partners Acquisition I申请2亿美元IPO，目标是MENAT地区的科技公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-12-25 09:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>SHUAA Partners Acquisition I, a blank check company formed by SHUAA Capital targeting tech in the Middle East, North Africa, and Turkey, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.</p><p><blockquote>SHUAA Partners Acquisition I是一家由SHUAA Capital成立的空白支票公司，目标是中东、北非和土耳其的科技公司，该公司周四向SEC提交了首次公开募股，计划筹集至多2亿美元。</blockquote></p><p> The Cayman Islands-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, SHUAA Partners Acquisition I would command a market value of $250 million.</p><p><blockquote>这家总部位于开曼群岛的公司计划通过以10美元的价格发行2000万套股票来筹集2亿美元。每个单位由一股普通股和一半认股权证组成，行使价为11.50美元。按照拟议的交易规模，SHUAA Partners Acquisition I的市值将达到2.5亿美元。</blockquote></p><p> The company is led by&nbsp;<b>CEO and Director&nbsp;Fawad Tariq Khan</b>,&nbsp;a Managing Director of the Investment Banking Group at&nbsp;SHUAA Capital,&nbsp;an asset management and investment banking platform in the Middle East region. The company plans to target&nbsp;the technology space across the high growth markets of the Middle East, North Africa, and Turkey (MENAT) region.</p><p><blockquote>公司由<b>首席执行官兼董事法瓦德·塔里克·汗</b>，中东地区资产管理和投资银行平台SHUAA Capital投资银行集团董事总经理。该公司计划瞄准中东、北非和土耳其(MENAT)地区高增长市场的技术领域。</blockquote></p><p> SHUAA Partners Acquisition I was founded in 2021 and plans to list on the Nasdaq under the symbol&nbsp;SHUAU. BTIG is the sole bookrunner on the deal.</p><p><blockquote>SHUAA Partners Acquisition I成立于2021年，计划在纳斯达克上市，股票代码为SHUAU。BTIG是该交易的唯一账簿管理人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89804/SPAC-SHUAA-Partners-Acquisition-I-files-for-a-$200-million-IPO-targeting-te\">Renaissance Capital</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.renaissancecapital.com/IPO-Center/News/89804/SPAC-SHUAA-Partners-Acquisition-I-files-for-a-$200-million-IPO-targeting-te","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135475953","content_text":"SHUAA Partners Acquisition I, a blank check company formed by SHUAA Capital targeting tech in the Middle East, North Africa, and Turkey, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.\nThe Cayman Islands-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, SHUAA Partners Acquisition I would command a market value of $250 million.\nThe company is led by CEO and Director Fawad Tariq Khan, a Managing Director of the Investment Banking Group at SHUAA Capital, an asset management and investment banking platform in the Middle East region. The company plans to target the technology space across the high growth markets of the Middle East, North Africa, and Turkey (MENAT) region.\nSHUAA Partners Acquisition I was founded in 2021 and plans to list on the Nasdaq under the symbol SHUAU. BTIG is the sole bookrunner on the deal.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":998,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698553231,"gmtCreate":1640476258283,"gmtModify":1640476258946,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698553231","repostId":"1159652805","repostType":4,"repost":{"id":"1159652805","kind":"news","pubTimestamp":1640397611,"share":"https://www.laohu8.com/m/news/1159652805?lang=zh_CN&edition=full","pubTime":"2021-12-25 10:00","market":"us","language":"en","title":"Electric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159652805","media":"Renaissance Capital","summary":"Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday wi","content":"<p>Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday with the SEC to raise up to $29 million in an initial public offering.</p><p><blockquote>Forza X1是一家从Twin Vee PowerCats分拆出来的全电动船开发商，周四向SEC提交了首次公开募股的申请，筹集至多2900万美元。</blockquote></p><p> The company states that it&nbsp;aims to be among the first to develop and manufacture fully electric, affordable boats with mass appeal. Forza X1 is focused on the creation and implementation of marine electric vehicle (\"EV\") technology to control and power its electric boats utilizing a proprietary outboard electric motor. It believes to be one the first companies to design a fully integrated electric boat including the hull, outboard motor and control system for mass production. To date, Forza has designed and manufactured only prototypes of its electric sport boat, has not yet commercialized its boats, and has not sold any boats.</p><p><blockquote>该公司表示，它的目标是成为首批开发和制造具有大众吸引力的全电动、价格实惠的船只之一。Forza X1专注于创造和实施船用电动汽车（“EV”）技术，利用专有的舷外电动机控制和驱动其电动船。它被认为是首批设计完全集成电动船的公司之一，包括船体、舷外电机和控制系统，用于大规模生产。迄今为止，Forza仅设计和制造了电动运动船的原型，尚未将其船只商业化，也没有出售任何船只。</blockquote></p><p> The Ft. Pierce, FL-based company was founded in 2009 and plans to list on the Nasdaq under the symbol&nbsp;FRZA. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.</p><p><blockquote>金融时报。总部位于佛罗里达州皮尔斯的公司成立于2009年，计划在纳斯达克上市，股票代码为FRZA。ThinkEquity是该交易的唯一账簿管理人。没有披露定价条款。</blockquote></p><p></p>","source":"lsy1603787993745","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>Electric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</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\">\nElectric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-12-25 10:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday with the SEC to raise up to $29 million in an initial public offering.</p><p><blockquote>Forza X1是一家从Twin Vee PowerCats分拆出来的全电动船开发商，周四向SEC提交了首次公开募股的申请，筹集至多2900万美元。</blockquote></p><p> The company states that it&nbsp;aims to be among the first to develop and manufacture fully electric, affordable boats with mass appeal. Forza X1 is focused on the creation and implementation of marine electric vehicle (\"EV\") technology to control and power its electric boats utilizing a proprietary outboard electric motor. It believes to be one the first companies to design a fully integrated electric boat including the hull, outboard motor and control system for mass production. To date, Forza has designed and manufactured only prototypes of its electric sport boat, has not yet commercialized its boats, and has not sold any boats.</p><p><blockquote>该公司表示，它的目标是成为首批开发和制造具有大众吸引力的全电动、价格实惠的船只之一。Forza X1专注于创造和实施船用电动汽车（“EV”）技术，利用专有的舷外电动机控制和驱动其电动船。它被认为是首批设计完全集成电动船的公司之一，包括船体、舷外电机和控制系统，用于大规模生产。迄今为止，Forza仅设计和制造了电动运动船的原型，尚未将其船只商业化，也没有出售任何船只。</blockquote></p><p> The Ft. Pierce, FL-based company was founded in 2009 and plans to list on the Nasdaq under the symbol&nbsp;FRZA. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.</p><p><blockquote>金融时报。总部位于佛罗里达州皮尔斯的公司成立于2009年，计划在纳斯达克上市，股票代码为FRZA。ThinkEquity是该交易的唯一账簿管理人。没有披露定价条款。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89801/Electric-boat-developer-Forza-X1-files-for-a-$29-million-IPO\">Renaissance Capital</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.renaissancecapital.com/IPO-Center/News/89801/Electric-boat-developer-Forza-X1-files-for-a-$29-million-IPO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159652805","content_text":"Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday with the SEC to raise up to $29 million in an initial public offering.\nThe company states that it aims to be among the first to develop and manufacture fully electric, affordable boats with mass appeal. Forza X1 is focused on the creation and implementation of marine electric vehicle (\"EV\") technology to control and power its electric boats utilizing a proprietary outboard electric motor. It believes to be one the first companies to design a fully integrated electric boat including the hull, outboard motor and control system for mass production. To date, Forza has designed and manufactured only prototypes of its electric sport boat, has not yet commercialized its boats, and has not sold any boats.\nThe Ft. Pierce, FL-based company was founded in 2009 and plans to list on the Nasdaq under the symbol FRZA. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1038,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698553634,"gmtCreate":1640476244231,"gmtModify":1640476244915,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698553634","repostId":"1130212885","repostType":4,"repost":{"id":"1130212885","kind":"news","pubTimestamp":1640397757,"share":"https://www.laohu8.com/m/news/1130212885?lang=zh_CN&edition=full","pubTime":"2021-12-25 10:02","market":"us","language":"en","title":"Scottish biotech TC BioPharm lowers deal size by 40%, adds warrants ahead of $30 million US IPO<blockquote>苏格兰生物技术TC BioPharm将交易规模降低40%，并在3000万美元美国IPO前增加认股权证</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130212885","media":"Renaissance Capital","summary":"TC BioPharm Holdings, a Scottish Phase 2 biotech developing allogeneic gamma-delta T cell therapies,","content":"<p>TC BioPharm Holdings, a Scottish Phase 2 biotech developing allogeneic gamma-delta T cell therapies, lowered the proposed deal size for its upcoming IPO on Thursday.</p><p><blockquote>TC BioPharm Holdings是一家开发同种异体γ-δ T细胞疗法的苏格兰二期生物技术公司，周四降低了其即将进行的IPO的拟议交易规模。</blockquote></p><p> The Holytown, UK-based company now plans to raise $30 million by offering 3.8 million ADSs at $8. The company is also offering 3.8 million warrants to purchase ADSs at $8, each with an exercise price of $10. The company had previously filed to offer 6.3 million shares at a range of $7 to $9. At the revised price, TC BioPharm Holdings will raise -40% less in proceeds than previously anticipated.<i>Because the company is now offering warrants, TC BioPharm is no longer eligible for tracking and will be excluded from Renaissance Capital's stats.</i></p><p><blockquote>这家总部位于英国霍利敦的公司目前计划通过以8美元的价格发行380万股ADS来筹集3000万美元。该公司还提供380万份认股权证，以8美元的价格购买ADS，每份认股权证的行权价为10美元。该公司此前曾申请以7至9美元的价格发行630万股股票。按照修订后的价格，TC BioPharm Holdings筹集的资金将比之前预期减少-40%。<i>由于该公司现在发行认股权证，TC BioPharm不再有资格进行跟踪，并将被排除在Renaissance Capital的统计数据之外。</i></blockquote></p><p> TC BioPharm (TCB) is focused on developing novel immunotherapies based on its proprietary allogeneic gamma-delta T cell (GD-T)&nbsp;platform. The company's Omnimmune program is expected to enter Phase 2-into-pivotal (Phase 3) trials in the 4Q21 for the treatment of acute myeloid leukemia (AML). The company plans to conduct similar trials for AML in the US following an application to the FDA in the 1H22. TCB is also developing a GD-T therapy for the treatment of COVID-19, with trials expected to start in the 4Q21, and genetically&nbsp;modified CAR-T therapies for solid cancers.</p><p><blockquote>TC BioPharm(TCB)专注于基于其专有的同种异体γ-δ T细胞(GD-T)平台开发新型免疫疗法。该公司的Omnimmune项目预计将在2021年第四季度进入2期至关键（3期）试验，用于治疗急性髓性白血病（AML）。该公司计划在2022年上半年向FDA提出申请后，在美国对AML进行类似的试验。TCB还在开发用于治疗COVID-19的GD-T疗法，预计将在2021年第四季度开始试验，以及用于实体癌的基因修饰CAR-T疗法。</blockquote></p><p> TC BioPharm Holdings was founded in 2013 and booked $3 million in revenue for the 12 months ended September 30, 2021. It plans to list on the Nasdaq under the symbol&nbsp;TCBP. EF Hutton is the sole bookrunner on the deal.</p><p><blockquote>TC BioPharm Holdings成立于2013年，截至2021年9月30日的12个月收入为300万美元。它计划在纳斯达克上市，股票代码为TCBP。EF Hutton是该交易的唯一账簿管理人。</blockquote></p><p></p>","source":"lsy1603787993745","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>Scottish biotech TC BioPharm lowers deal size by 40%, adds warrants ahead of $30 million US IPO<blockquote>苏格兰生物技术TC BioPharm将交易规模降低40%，并在3000万美元美国IPO前增加认股权证</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\">\nScottish biotech TC BioPharm lowers deal size by 40%, adds warrants ahead of $30 million US IPO<blockquote>苏格兰生物技术TC BioPharm将交易规模降低40%，并在3000万美元美国IPO前增加认股权证</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-12-25 10:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>TC BioPharm Holdings, a Scottish Phase 2 biotech developing allogeneic gamma-delta T cell therapies, lowered the proposed deal size for its upcoming IPO on Thursday.</p><p><blockquote>TC BioPharm Holdings是一家开发同种异体γ-δ T细胞疗法的苏格兰二期生物技术公司，周四降低了其即将进行的IPO的拟议交易规模。</blockquote></p><p> The Holytown, UK-based company now plans to raise $30 million by offering 3.8 million ADSs at $8. The company is also offering 3.8 million warrants to purchase ADSs at $8, each with an exercise price of $10. The company had previously filed to offer 6.3 million shares at a range of $7 to $9. At the revised price, TC BioPharm Holdings will raise -40% less in proceeds than previously anticipated.<i>Because the company is now offering warrants, TC BioPharm is no longer eligible for tracking and will be excluded from Renaissance Capital's stats.</i></p><p><blockquote>这家总部位于英国霍利敦的公司目前计划通过以8美元的价格发行380万股ADS来筹集3000万美元。该公司还提供380万份认股权证，以8美元的价格购买ADS，每份认股权证的行权价为10美元。该公司此前曾申请以7至9美元的价格发行630万股股票。按照修订后的价格，TC BioPharm Holdings筹集的资金将比之前预期减少-40%。<i>由于该公司现在发行认股权证，TC BioPharm不再有资格进行跟踪，并将被排除在Renaissance Capital的统计数据之外。</i></blockquote></p><p> TC BioPharm (TCB) is focused on developing novel immunotherapies based on its proprietary allogeneic gamma-delta T cell (GD-T)&nbsp;platform. The company's Omnimmune program is expected to enter Phase 2-into-pivotal (Phase 3) trials in the 4Q21 for the treatment of acute myeloid leukemia (AML). The company plans to conduct similar trials for AML in the US following an application to the FDA in the 1H22. TCB is also developing a GD-T therapy for the treatment of COVID-19, with trials expected to start in the 4Q21, and genetically&nbsp;modified CAR-T therapies for solid cancers.</p><p><blockquote>TC BioPharm(TCB)专注于基于其专有的同种异体γ-δ T细胞(GD-T)平台开发新型免疫疗法。该公司的Omnimmune项目预计将在2021年第四季度进入2期至关键（3期）试验，用于治疗急性髓性白血病（AML）。该公司计划在2022年上半年向FDA提出申请后，在美国对AML进行类似的试验。TCB还在开发用于治疗COVID-19的GD-T疗法，预计将在2021年第四季度开始试验，以及用于实体癌的基因修饰CAR-T疗法。</blockquote></p><p> TC BioPharm Holdings was founded in 2013 and booked $3 million in revenue for the 12 months ended September 30, 2021. It plans to list on the Nasdaq under the symbol&nbsp;TCBP. EF Hutton is the sole bookrunner on the deal.</p><p><blockquote>TC BioPharm Holdings成立于2013年，截至2021年9月30日的12个月收入为300万美元。它计划在纳斯达克上市，股票代码为TCBP。EF Hutton是该交易的唯一账簿管理人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89799/Scottish-biotech-TC-BioPharm-lowers-deal-size-by-40-adds-warrants-ahead-of-\">Renaissance Capital</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.renaissancecapital.com/IPO-Center/News/89799/Scottish-biotech-TC-BioPharm-lowers-deal-size-by-40-adds-warrants-ahead-of-","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130212885","content_text":"TC BioPharm Holdings, a Scottish Phase 2 biotech developing allogeneic gamma-delta T cell therapies, lowered the proposed deal size for its upcoming IPO on Thursday.\nThe Holytown, UK-based company now plans to raise $30 million by offering 3.8 million ADSs at $8. The company is also offering 3.8 million warrants to purchase ADSs at $8, each with an exercise price of $10. The company had previously filed to offer 6.3 million shares at a range of $7 to $9. At the revised price, TC BioPharm Holdings will raise -40% less in proceeds than previously anticipated.Because the company is now offering warrants, TC BioPharm is no longer eligible for tracking and will be excluded from Renaissance Capital's stats.\nTC BioPharm (TCB) is focused on developing novel immunotherapies based on its proprietary allogeneic gamma-delta T cell (GD-T) platform. The company's Omnimmune program is expected to enter Phase 2-into-pivotal (Phase 3) trials in the 4Q21 for the treatment of acute myeloid leukemia (AML). The company plans to conduct similar trials for AML in the US following an application to the FDA in the 1H22. TCB is also developing a GD-T therapy for the treatment of COVID-19, with trials expected to start in the 4Q21, and genetically modified CAR-T therapies for solid cancers.\nTC BioPharm Holdings was founded in 2013 and booked $3 million in revenue for the 12 months ended September 30, 2021. It plans to list on the Nasdaq under the symbol TCBP. EF Hutton is the sole bookrunner on the deal.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698553828,"gmtCreate":1640476230999,"gmtModify":1640476231729,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698553828","repostId":"1187049149","repostType":4,"repost":{"id":"1187049149","kind":"news","pubTimestamp":1640397936,"share":"https://www.laohu8.com/m/news/1187049149?lang=zh_CN&edition=full","pubTime":"2021-12-25 10:05","market":"us","language":"en","title":"Disruptive tech SPAC Future Tech II Acquisition files for a $100 million IPO<blockquote>颠覆性科技SPAC Future Tech II Acquisition申请1亿美元IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187049149","media":"Renaissance Capital","summary":"Future Tech II Acquisition, a blank check company targeting the disruptive technology sector in the ","content":"<p>Future Tech II Acquisition, a blank check company targeting the disruptive technology sector in the US, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.</p><p><blockquote>Future Tech II Acquisition是一家针对美国颠覆性技术行业的空白支票公司，周四向美国证券交易委员会提交了一份文件，计划通过首次公开募股筹集至多1亿美元。</blockquote></p><p> The New Rochelle, NY-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Future Tech II Acquisition would command a market value of $130 million.</p><p><blockquote>这家总部位于纽约州新罗谢尔的公司计划通过以10美元的价格发行1000万台来筹集1亿美元。每个单位由一股普通股和一半认股权证组成，行使价为11.50美元。按照拟议的交易规模，Future Tech II收购的市值将达到1.3亿美元。</blockquote></p><p> The company is led by&nbsp;<b>CEO and Chairman Yuquan Wang</b>, the Founding Partner of Haiyin Capital. The company plans to target the disruptive technology sector in the US, including artificial intelligence, robotic process automation, and any other related technology innovations market.</p><p><blockquote>公司由<b>首席执行官兼董事长王玉泉</b>、海银资本创始合伙人。该公司计划瞄准美国的颠覆性技术领域，包括人工智能、机器人流程自动化和任何其他相关技术创新市场。</blockquote></p><p> Future Tech II Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbolFTIIU. EF Hutton is the sole bookrunner on the deal.</p><p><blockquote>Future Tech II Acquisition成立于2021年，计划在纳斯达克上市，股票代码为FTIIU。EF Hutton是该交易的唯一账簿管理人。</blockquote></p><p></p>","source":"lsy1603787993745","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>Disruptive tech SPAC Future Tech II Acquisition files for a $100 million IPO<blockquote>颠覆性科技SPAC Future Tech II Acquisition申请1亿美元IPO</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\">\nDisruptive tech SPAC Future Tech II Acquisition files for a $100 million IPO<blockquote>颠覆性科技SPAC Future Tech II Acquisition申请1亿美元IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-12-25 10:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Future Tech II Acquisition, a blank check company targeting the disruptive technology sector in the US, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.</p><p><blockquote>Future Tech II Acquisition是一家针对美国颠覆性技术行业的空白支票公司，周四向美国证券交易委员会提交了一份文件，计划通过首次公开募股筹集至多1亿美元。</blockquote></p><p> The New Rochelle, NY-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Future Tech II Acquisition would command a market value of $130 million.</p><p><blockquote>这家总部位于纽约州新罗谢尔的公司计划通过以10美元的价格发行1000万台来筹集1亿美元。每个单位由一股普通股和一半认股权证组成，行使价为11.50美元。按照拟议的交易规模，Future Tech II收购的市值将达到1.3亿美元。</blockquote></p><p> The company is led by&nbsp;<b>CEO and Chairman Yuquan Wang</b>, the Founding Partner of Haiyin Capital. The company plans to target the disruptive technology sector in the US, including artificial intelligence, robotic process automation, and any other related technology innovations market.</p><p><blockquote>公司由<b>首席执行官兼董事长王玉泉</b>、海银资本创始合伙人。该公司计划瞄准美国的颠覆性技术领域，包括人工智能、机器人流程自动化和任何其他相关技术创新市场。</blockquote></p><p> Future Tech II Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbolFTIIU. EF Hutton is the sole bookrunner on the deal.</p><p><blockquote>Future Tech II Acquisition成立于2021年，计划在纳斯达克上市，股票代码为FTIIU。EF Hutton是该交易的唯一账簿管理人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89795/Disruptive-tech-SPAC-Future-Tech-II-Acquisition-files-for-a-$100-million-IP\">Renaissance Capital</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.renaissancecapital.com/IPO-Center/News/89795/Disruptive-tech-SPAC-Future-Tech-II-Acquisition-files-for-a-$100-million-IP","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187049149","content_text":"Future Tech II Acquisition, a blank check company targeting the disruptive technology sector in the US, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.\nThe New Rochelle, NY-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Future Tech II Acquisition would command a market value of $130 million.\nThe company is led by CEO and Chairman Yuquan Wang, the Founding Partner of Haiyin Capital. The company plans to target the disruptive technology sector in the US, including artificial intelligence, robotic process automation, and any other related technology innovations market.\nFuture Tech II Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbolFTIIU. EF Hutton is the sole bookrunner on the deal.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":947,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698553901,"gmtCreate":1640476182331,"gmtModify":1640476182993,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n 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comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/604484190","repostId":"1183432073","repostType":4,"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":814073241,"gmtCreate":1630734117583,"gmtModify":1632906108829,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/814073241","repostId":"2164803413","repostType":4,"isVote":1,"tweetType":1,"viewCount":320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813963560,"gmtCreate":1630122003250,"gmtModify":1704956286378,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/813963560","repostId":"1162964424","repostType":4,"repost":{"id":"1162964424","kind":"news","pubTimestamp":1630111098,"share":"https://www.laohu8.com/m/news/1162964424?lang=zh_CN&edition=full","pubTime":"2021-08-28 08:38","market":"us","language":"en","title":"Apple Stock: How It Could Be A Great Inflation Play<blockquote>苹果股票：它如何成为一场伟大的通胀游戏</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162964424","media":"TheStreet","summary":"Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.IPhone users thinking of upgrading their devices this year  should expect to reach deeper into their pockets. DigiTimes has reported that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.Bad news for consumers could be great news for Apple stock investors. If the price increase is con","content":"<p>Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.</p><p><blockquote>由于某些组件的价格上涨，苹果的iPhone 13可能会让消费者花费更多。这对用户来说是个坏消息，但对苹果股票投资者来说可能是个好消息。</blockquote></p><p> IPhone users thinking of upgrading their devices this year (or those looking to switch to the iOS-based product) should expect to reach deeper into their pockets. DigiTimes has&nbsp;reported&nbsp;that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.</p><p><blockquote>考虑今年升级设备的IPhone用户（或者那些希望转向基于iOS的产品的用户）应该期待更深入地了解他们的口袋。DigiTimes报道称，由于零部件通胀，苹果的iPhone 13可能会在下个月以更高的价格推出。</blockquote></p><p> Bad news for consumers could be great news for Apple stock&nbsp;investors. If the price increase is confirmed, it provides evidence that AAPL might be a great inflation play during these times of worry over rising producer and consumer prices.</p><p><blockquote>对消费者来说是个坏消息，对苹果股票投资者来说可能是个好消息。如果价格上涨得到证实，这将提供证据表明，在人们担心生产者和消费者价格上涨的时期，苹果公司可能会成为一个巨大的通胀工具。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d6f4ac9ebc1b90072340731dc5c1e613\" tg-width=\"1240\" tg-height=\"698\" referrerpolicy=\"no-referrer\"><span>Figure 1: Apple's iPhone 12 Pro.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：苹果的iPhone 12 Pro。</span></p></blockquote></p><p> <b>What happened?</b></p><p><blockquote><b>怎么回事？</b></blockquote></p><p> The iPhone is already considered a pricey tech gadget that can cost as much as $1,400 for the fully loaded, higher-end 12 Pro Max model in the US (see figure below). Due to this year’s components shortage, chip maker TSMC may raise its part prices to Apple by 3% to 5%, which could lead to a similar increase in the price of the yet-to-be-announced iPhone 13.</p><p><blockquote>iPhone已经被认为是一款昂贵的科技产品，在美国，满载的高端12 Pro Max机型售价高达1400美元（见下图）。由于今年的零部件短缺，芯片制造商台积电可能会将其对苹果的零部件价格提高3%至5%，这可能会导致尚未公布的iPhone 13价格出现类似上涨。</blockquote></p><p> It is unlikely that one of the largest and most successful consumer product companies in the world would try to raise prices without confidence that doing so does not impact demand for the new iPhone substantially. Apple can probably afford to hike prices because the company understands the value and the appeal of its luxury brand.</p><p><blockquote>世界上最大、最成功的消费品公司之一不太可能试图提高价格，而不相信这样做不会对新iPhone的需求产生实质性影响。苹果或许有能力提高价格，因为该公司了解其奢侈品牌的价值和吸引力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0140b9b68bb9eb5dd7e88aaff384785d\" tg-width=\"707\" tg-height=\"370\" referrerpolicy=\"no-referrer\"><span>Figure 2: iPhone 12 Pro on Apple's store.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：苹果商店上的iPhone 12 Pro。</span></p></blockquote></p><p> <b>A quote from Jim Cramer</b></p><p><blockquote><b>引用吉姆·克莱默的话</b></blockquote></p><p> One of the most concerning headwinds to stocks in the foreseeable future is the possibility of inflation eroding corporate margins and leading to higher interest rates in 2021-2022. But should producer and consumer prices spike, not all stocks will be impacted equally.</p><p><blockquote>在可预见的未来，股市最令人担忧的阻力之一是通胀可能侵蚀企业利润率并导致2021-2022年利率上升。但如果生产者和消费者价格飙升，并非所有股票都会受到同等影响。</blockquote></p><p> Generally speaking, companies with strong pricing power that are able to pass on the higher production costs to consumers will likely outperform. This is a point that&nbsp;Mad Money’s Jim Cramer has made recently. Here is his quote:</p><p><blockquote>一般来说，拥有强大定价权、能够将较高的生产成本转嫁给消费者的公司可能会表现出色。这是Mad Money的吉姆·克莱默(Jim Cramer)最近提出的观点。以下是他的名言：</blockquote></p><p>   “When you try to think of what’s working in this market... I want you to ask yourself, would you be insensitive to a price increase if the company put one through? [What are] the companies that can raise prices without infuriating you? Go buy their stocks.”  <b>The impact to the P&amp;L</b></p><p><blockquote>“当你试图思考这个市场上什么在起作用时……我想让你问问自己，如果公司提价，你会对提价麻木不仁吗？有哪些公司可以提价而不会激怒你？去买他们的股票。”<b>对损益的影响</b></blockquote></p><p> Are higher prices a good or a bad thing for a company’s financial performance? The answer is nuanced and depends on a few factors.</p><p><blockquote>价格上涨对公司的财务业绩是好事还是坏事？答案是微妙的，取决于几个因素。</blockquote></p><p> Holding all else constant, higher prices also mean higher revenues (think of the formula for sales: price times quantity). If the increase in price is decoupled from an increase in product or operating costs, then the hike also helps to boost margins – thus profits as well.</p><p><blockquote>在其他条件不变的情况下，更高的价格也意味着更高的收入（想想销售公式：价格乘以数量）。如果价格上涨与产品或运营成本的增加脱钩，那么涨价也有助于提高利润率，从而提高利润。</blockquote></p><p> However, “holding all else constant” is not how the world really works. A change in price tends to have an impact on a few key variables, most important of which is demand. If higher prices do not impact units sold by much or at all, this is great news for revenues and, most likely, earnings.</p><p><blockquote>然而，“保持其他一切不变”并不是世界真正的运作方式。价格的变化往往会对一些关键变量产生影响，其中最重要的是需求。如果更高的价格不会对售出的单位产生太大影响或根本没有影响，那么这对收入以及最有可能的盈利来说是个好消息。</blockquote></p><p> The other piece to consider is whether the price hike fully or only partially offsets higher costs. Assuming the latter, revenues can still benefit without a corresponding positive effect on margins and profits. The complexity presented by the many moving parts makes it hard to determine with certainty how a more expensive iPhone may impact Apple’s financial statements in the future.</p><p><blockquote>另一个需要考虑的问题是价格上涨是否完全或仅部分抵消了更高的成本。假设是后者，收入仍然可以受益，而不会对利润率和利润产生相应的积极影响。许多移动部件所呈现的复杂性使得很难确定更昂贵的iPhone未来可能会如何影响苹果的财务报表。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: How It Could Be A Great Inflation Play<blockquote>苹果股票：它如何成为一场伟大的通胀游戏</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock: How It Could Be A Great Inflation Play<blockquote>苹果股票：它如何成为一场伟大的通胀游戏</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-08-28 08:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.</p><p><blockquote>由于某些组件的价格上涨，苹果的iPhone 13可能会让消费者花费更多。这对用户来说是个坏消息，但对苹果股票投资者来说可能是个好消息。</blockquote></p><p> IPhone users thinking of upgrading their devices this year (or those looking to switch to the iOS-based product) should expect to reach deeper into their pockets. DigiTimes has&nbsp;reported&nbsp;that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.</p><p><blockquote>考虑今年升级设备的IPhone用户（或者那些希望转向基于iOS的产品的用户）应该期待更深入地了解他们的口袋。DigiTimes报道称，由于零部件通胀，苹果的iPhone 13可能会在下个月以更高的价格推出。</blockquote></p><p> Bad news for consumers could be great news for Apple stock&nbsp;investors. If the price increase is confirmed, it provides evidence that AAPL might be a great inflation play during these times of worry over rising producer and consumer prices.</p><p><blockquote>对消费者来说是个坏消息，对苹果股票投资者来说可能是个好消息。如果价格上涨得到证实，这将提供证据表明，在人们担心生产者和消费者价格上涨的时期，苹果公司可能会成为一个巨大的通胀工具。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d6f4ac9ebc1b90072340731dc5c1e613\" tg-width=\"1240\" tg-height=\"698\" referrerpolicy=\"no-referrer\"><span>Figure 1: Apple's iPhone 12 Pro.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：苹果的iPhone 12 Pro。</span></p></blockquote></p><p> <b>What happened?</b></p><p><blockquote><b>怎么回事？</b></blockquote></p><p> The iPhone is already considered a pricey tech gadget that can cost as much as $1,400 for the fully loaded, higher-end 12 Pro Max model in the US (see figure below). Due to this year’s components shortage, chip maker TSMC may raise its part prices to Apple by 3% to 5%, which could lead to a similar increase in the price of the yet-to-be-announced iPhone 13.</p><p><blockquote>iPhone已经被认为是一款昂贵的科技产品，在美国，满载的高端12 Pro Max机型售价高达1400美元（见下图）。由于今年的零部件短缺，芯片制造商台积电可能会将其对苹果的零部件价格提高3%至5%，这可能会导致尚未公布的iPhone 13价格出现类似上涨。</blockquote></p><p> It is unlikely that one of the largest and most successful consumer product companies in the world would try to raise prices without confidence that doing so does not impact demand for the new iPhone substantially. Apple can probably afford to hike prices because the company understands the value and the appeal of its luxury brand.</p><p><blockquote>世界上最大、最成功的消费品公司之一不太可能试图提高价格，而不相信这样做不会对新iPhone的需求产生实质性影响。苹果或许有能力提高价格，因为该公司了解其奢侈品牌的价值和吸引力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0140b9b68bb9eb5dd7e88aaff384785d\" tg-width=\"707\" tg-height=\"370\" referrerpolicy=\"no-referrer\"><span>Figure 2: iPhone 12 Pro on Apple's store.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：苹果商店上的iPhone 12 Pro。</span></p></blockquote></p><p> <b>A quote from Jim Cramer</b></p><p><blockquote><b>引用吉姆·克莱默的话</b></blockquote></p><p> One of the most concerning headwinds to stocks in the foreseeable future is the possibility of inflation eroding corporate margins and leading to higher interest rates in 2021-2022. But should producer and consumer prices spike, not all stocks will be impacted equally.</p><p><blockquote>在可预见的未来，股市最令人担忧的阻力之一是通胀可能侵蚀企业利润率并导致2021-2022年利率上升。但如果生产者和消费者价格飙升，并非所有股票都会受到同等影响。</blockquote></p><p> Generally speaking, companies with strong pricing power that are able to pass on the higher production costs to consumers will likely outperform. This is a point that&nbsp;Mad Money’s Jim Cramer has made recently. Here is his quote:</p><p><blockquote>一般来说，拥有强大定价权、能够将较高的生产成本转嫁给消费者的公司可能会表现出色。这是Mad Money的吉姆·克莱默(Jim Cramer)最近提出的观点。以下是他的名言：</blockquote></p><p>   “When you try to think of what’s working in this market... I want you to ask yourself, would you be insensitive to a price increase if the company put one through? [What are] the companies that can raise prices without infuriating you? Go buy their stocks.”  <b>The impact to the P&amp;L</b></p><p><blockquote>“当你试图思考这个市场上什么在起作用时……我想让你问问自己，如果公司提价，你会对提价麻木不仁吗？有哪些公司可以提价而不会激怒你？去买他们的股票。”<b>对损益的影响</b></blockquote></p><p> Are higher prices a good or a bad thing for a company’s financial performance? The answer is nuanced and depends on a few factors.</p><p><blockquote>价格上涨对公司的财务业绩是好事还是坏事？答案是微妙的，取决于几个因素。</blockquote></p><p> Holding all else constant, higher prices also mean higher revenues (think of the formula for sales: price times quantity). If the increase in price is decoupled from an increase in product or operating costs, then the hike also helps to boost margins – thus profits as well.</p><p><blockquote>在其他条件不变的情况下，更高的价格也意味着更高的收入（想想销售公式：价格乘以数量）。如果价格上涨与产品或运营成本的增加脱钩，那么涨价也有助于提高利润率，从而提高利润。</blockquote></p><p> However, “holding all else constant” is not how the world really works. A change in price tends to have an impact on a few key variables, most important of which is demand. If higher prices do not impact units sold by much or at all, this is great news for revenues and, most likely, earnings.</p><p><blockquote>然而，“保持其他一切不变”并不是世界真正的运作方式。价格的变化往往会对一些关键变量产生影响，其中最重要的是需求。如果更高的价格不会对售出的单位产生太大影响或根本没有影响，那么这对收入以及最有可能的盈利来说是个好消息。</blockquote></p><p> The other piece to consider is whether the price hike fully or only partially offsets higher costs. Assuming the latter, revenues can still benefit without a corresponding positive effect on margins and profits. The complexity presented by the many moving parts makes it hard to determine with certainty how a more expensive iPhone may impact Apple’s financial statements in the future.</p><p><blockquote>另一个需要考虑的问题是价格上涨是否完全或仅部分抵消了更高的成本。假设是后者，收入仍然可以受益，而不会对利润率和利润产生相应的积极影响。许多移动部件所呈现的复杂性使得很难确定更昂贵的iPhone未来可能会如何影响苹果的财务报表。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/iphone/apple-stock-how-it-could-be-a-great-inflation-play\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/iphone/apple-stock-how-it-could-be-a-great-inflation-play","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162964424","content_text":"Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.\nIPhone users thinking of upgrading their devices this year (or those looking to switch to the iOS-based product) should expect to reach deeper into their pockets. DigiTimes has reported that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.\nBad news for consumers could be great news for Apple stock investors. If the price increase is confirmed, it provides evidence that AAPL might be a great inflation play during these times of worry over rising producer and consumer prices.\nFigure 1: Apple's iPhone 12 Pro.\nWhat happened?\nThe iPhone is already considered a pricey tech gadget that can cost as much as $1,400 for the fully loaded, higher-end 12 Pro Max model in the US (see figure below). Due to this year’s components shortage, chip maker TSMC may raise its part prices to Apple by 3% to 5%, which could lead to a similar increase in the price of the yet-to-be-announced iPhone 13.\nIt is unlikely that one of the largest and most successful consumer product companies in the world would try to raise prices without confidence that doing so does not impact demand for the new iPhone substantially. Apple can probably afford to hike prices because the company understands the value and the appeal of its luxury brand.\nFigure 2: iPhone 12 Pro on Apple's store.\nA quote from Jim Cramer\nOne of the most concerning headwinds to stocks in the foreseeable future is the possibility of inflation eroding corporate margins and leading to higher interest rates in 2021-2022. But should producer and consumer prices spike, not all stocks will be impacted equally.\nGenerally speaking, companies with strong pricing power that are able to pass on the higher production costs to consumers will likely outperform. This is a point that Mad Money’s Jim Cramer has made recently. Here is his quote:\n\n “When you try to think of what’s working in this market... I want you to ask yourself, would you be insensitive to a price increase if the company put one through? [What are] the companies that can raise prices without infuriating you? Go buy their stocks.”\n\nThe impact to the P&L\nAre higher prices a good or a bad thing for a company’s financial performance? The answer is nuanced and depends on a few factors.\nHolding all else constant, higher prices also mean higher revenues (think of the formula for sales: price times quantity). If the increase in price is decoupled from an increase in product or operating costs, then the hike also helps to boost margins – thus profits as well.\nHowever, “holding all else constant” is not how the world really works. A change in price tends to have an impact on a few key variables, most important of which is demand. If higher prices do not impact units sold by much or at all, this is great news for revenues and, most likely, earnings.\nThe other piece to consider is whether the price hike fully or only partially offsets higher costs. Assuming the latter, revenues can still benefit without a corresponding positive effect on margins and profits. The complexity presented by the many moving parts makes it hard to determine with certainty how a more expensive iPhone may impact Apple’s financial statements in the future.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":874271276,"gmtCreate":1637797606581,"gmtModify":1637797606815,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/874271276","repostId":"1162285179","repostType":4,"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875188626,"gmtCreate":1637624951304,"gmtModify":1637624951541,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/875188626","repostId":"2185806024","repostType":4,"isVote":1,"tweetType":1,"viewCount":474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605573552,"gmtCreate":1639199981243,"gmtModify":1639199981879,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/605573552","repostId":"2190675480","repostType":4,"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605762929,"gmtCreate":1639266577362,"gmtModify":1639266578005,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/605762929","repostId":"2190675480","repostType":4,"isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829687851,"gmtCreate":1633499393792,"gmtModify":1633499394568,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/829687851","repostId":"1103782575","repostType":4,"repost":{"id":"1103782575","kind":"news","pubTimestamp":1633486462,"share":"https://www.laohu8.com/m/news/1103782575?lang=zh_CN&edition=full","pubTime":"2021-10-06 10:14","market":"us","language":"en","title":"Don't worry (too much) about an October market crash<blockquote>不要（过于）担心十月市场崩盘</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103782575","media":"CNN Business","summary":"New York (CNN Business) - October has often been a spooky month on Wall Street. Stocks famously cras","content":"<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>October has often been a spooky month on Wall Street. Stocks famously crashed in October 1929, 1987 and, most recently, 2008.</p><p><blockquote><b>纽约（CNN商业）——</b>十月在华尔街通常是一个阴森的月份。股市在1929年10月、1987年以及最近的2008年暴跌。</blockquote></p><p> But&nbsp;the marketisn't always a terrifying place to be just before Halloween. In fact,stocks typically go up&nbsp;in October.</p><p><blockquote>但万圣节前夕，市场并不总是一个可怕的地方。事实上，股市通常会在十月份上涨。</blockquote></p><p> According to data from Ryan Detrick, chief market strategist at LPL Financial, October is just about in the middle of the pack: It has been the 7th best month for the S&amp;P 500 since 1950 and the 4th best over the past 10 and 20 years.</p><p><blockquote>根据LPL Financial首席市场策略师Ryan Detrick的数据，10月份几乎处于中间位置：它是标普500自1950年以来第7个最佳月份，也是过去10年和20年中第4个最佳月份。</blockquote></p><p> \"October is known for some spectacular crashes and many expect bad things to happen again this year,\" Detrick said in a report last week. \"But the truth is this month is simply misunderstood, as historically it is about an average month.\"</p><p><blockquote>德特里克在上周的一份报告中表示：“十月份因一些壮观的车祸而闻名，许多人预计今年会再次发生糟糕的事情。”“但事实是这个月只是被误解了，因为从历史上看，它大约是一个普通的月份。”</blockquote></p><p> And it could be better than average this October, because there are no potentially game-changing election results coming in November.</p><p><blockquote>今年10月的情况可能会好于平均水平，因为11月没有可能改变游戏规则的选举结果。</blockquote></p><p> Since 1999, the S&amp;P 500 has gained 3.6% in odd-year Octobers and fallen 1.1% in even-numbered ones, corresponding to the US election schedule.</p><p><blockquote>自1999年以来，标普500在奇数年10月上涨3.6%，在偶数年10月下跌1.1%，与美国大选时间表相对应。</blockquote></p><p> \"It turns out stocks don't like politics much,\" Detrick said.</p><p><blockquote>“事实证明，股票不太喜欢政治，”德特里克说。</blockquote></p><p> <b>Many risks remain but outlook still promising for stocks</b></p><p><blockquote><b>许多风险依然存在，但股市前景仍然乐观</b></blockquote></p><p> Of course DC headlines could still roil the market this year, albeit not because of an election.</p><p><blockquote>当然，今年DC的头条新闻仍可能扰乱市场，尽管不是因为选举。</blockquote></p><p> The debt ceiling debate has yet to be resolved, and Congress still hasn't passed President Joe Biden's infrastructure and social spending plans. Meanwhile Biden also must soon decide whether he wants to nominate Jerome Powell for a second term as Fed chairman or pick someone else.</p><p><blockquote>债务上限争论尚未解决，国会仍未通过总统乔·拜登的基础设施和社会支出计划。与此同时，拜登还必须很快决定是提名杰罗姆·鲍威尔连任美联储主席，还是选择其他人。</blockquote></p><p> \"The fourth quarter — like the conclusion of sporting events or Broadway plays — is where the drama lies,\" Louis Navellier, chairman of Navellier &amp; Associates, said in a report last week.</p><p><blockquote>Navellier&amp;Associates董事长路易斯·纳维利尔(Louis Navellier)在上周的一份报告中表示：“第四季度——就像体育赛事或百老汇戏剧的结局一样——是戏剧所在。”</blockquote></p><p> That said, Navellier is hopeful the usual seasonal tailwinds for the markets and the broader economy will lift stocks this year.</p><p><blockquote>尽管如此，纳维利尔希望市场和整体经济通常的季节性顺风能够提振今年的股市。</blockquote></p><p> Stocks tend to enjoy not just solid gains in October, but also for the remainder of the fourth quarter. Consumer spending surges during the holiday shopping season and businesses often look to boost investments before annual budgets run out.</p><p><blockquote>股市往往不仅在10月份强劲上涨，而且在第四季度剩余时间也是如此。消费者支出在假日购物季激增，企业通常希望在年度预算用完之前增加投资。</blockquote></p><p> With that in mind, some strategists think that investors will continue to focus on the positive when looking ahead to earnings for Q4 and 2022.</p><p><blockquote>考虑到这一点，一些策略师认为，在展望第四季度和2022年的收益时，投资者将继续关注积极的一面。</blockquote></p><p> Yes, worries remain about Covid-19, Fed policy, inflation, global shipping delays and numerous other economic warning signs.</p><p><blockquote>是的，对新冠肺炎、美联储政策、通货膨胀、全球航运延误和许多其他经济警告信号的担忧仍然存在。</blockquote></p><p> But although this could create more volatility than usual in October and the rest of the fourth quarter, few expect that these challenges will lead to another recession. So the path of least resistance for stocks is still upward.</p><p><blockquote>不过，尽管这可能会在10月份和第四季度剩余时间造成比往常更大的波动，但很少有人预计这些挑战会导致另一场衰退。所以股票阻力最小的路径仍然是向上。</blockquote></p><p> \"Virtually all of these problems are showing tangible signs toward resolution,\" Robert Teeter, managing director at Silvercrest Asset Management, said in a report Monday, \"and should not inflict any long-term damage to stock valuations.\"</p><p><blockquote>Silvercrest Asset Management董事总经理罗伯特·蒂特(Robert Teeter)在周一的一份报告中表示：“几乎所有这些问题都显示出解决的切实迹象，并且不会对股票估值造成任何长期损害。”</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>Don't worry (too much) about an October market crash<blockquote>不要（过于）担心十月市场崩盘</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\">\nDon't worry (too much) about an October market crash<blockquote>不要（过于）担心十月市场崩盘</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-10-06 10:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>October has often been a spooky month on Wall Street. Stocks famously crashed in October 1929, 1987 and, most recently, 2008.</p><p><blockquote><b>纽约（CNN商业）——</b>十月在华尔街通常是一个阴森的月份。股市在1929年10月、1987年以及最近的2008年暴跌。</blockquote></p><p> But&nbsp;the marketisn't always a terrifying place to be just before Halloween. In fact,stocks typically go up&nbsp;in October.</p><p><blockquote>但万圣节前夕，市场并不总是一个可怕的地方。事实上，股市通常会在十月份上涨。</blockquote></p><p> According to data from Ryan Detrick, chief market strategist at LPL Financial, October is just about in the middle of the pack: It has been the 7th best month for the S&amp;P 500 since 1950 and the 4th best over the past 10 and 20 years.</p><p><blockquote>根据LPL Financial首席市场策略师Ryan Detrick的数据，10月份几乎处于中间位置：它是标普500自1950年以来第7个最佳月份，也是过去10年和20年中第4个最佳月份。</blockquote></p><p> \"October is known for some spectacular crashes and many expect bad things to happen again this year,\" Detrick said in a report last week. \"But the truth is this month is simply misunderstood, as historically it is about an average month.\"</p><p><blockquote>德特里克在上周的一份报告中表示：“十月份因一些壮观的车祸而闻名，许多人预计今年会再次发生糟糕的事情。”“但事实是这个月只是被误解了，因为从历史上看，它大约是一个普通的月份。”</blockquote></p><p> And it could be better than average this October, because there are no potentially game-changing election results coming in November.</p><p><blockquote>今年10月的情况可能会好于平均水平，因为11月没有可能改变游戏规则的选举结果。</blockquote></p><p> Since 1999, the S&amp;P 500 has gained 3.6% in odd-year Octobers and fallen 1.1% in even-numbered ones, corresponding to the US election schedule.</p><p><blockquote>自1999年以来，标普500在奇数年10月上涨3.6%，在偶数年10月下跌1.1%，与美国大选时间表相对应。</blockquote></p><p> \"It turns out stocks don't like politics much,\" Detrick said.</p><p><blockquote>“事实证明，股票不太喜欢政治，”德特里克说。</blockquote></p><p> <b>Many risks remain but outlook still promising for stocks</b></p><p><blockquote><b>许多风险依然存在，但股市前景仍然乐观</b></blockquote></p><p> Of course DC headlines could still roil the market this year, albeit not because of an election.</p><p><blockquote>当然，今年DC的头条新闻仍可能扰乱市场，尽管不是因为选举。</blockquote></p><p> The debt ceiling debate has yet to be resolved, and Congress still hasn't passed President Joe Biden's infrastructure and social spending plans. Meanwhile Biden also must soon decide whether he wants to nominate Jerome Powell for a second term as Fed chairman or pick someone else.</p><p><blockquote>债务上限争论尚未解决，国会仍未通过总统乔·拜登的基础设施和社会支出计划。与此同时，拜登还必须很快决定是提名杰罗姆·鲍威尔连任美联储主席，还是选择其他人。</blockquote></p><p> \"The fourth quarter — like the conclusion of sporting events or Broadway plays — is where the drama lies,\" Louis Navellier, chairman of Navellier &amp; Associates, said in a report last week.</p><p><blockquote>Navellier&amp;Associates董事长路易斯·纳维利尔(Louis Navellier)在上周的一份报告中表示：“第四季度——就像体育赛事或百老汇戏剧的结局一样——是戏剧所在。”</blockquote></p><p> That said, Navellier is hopeful the usual seasonal tailwinds for the markets and the broader economy will lift stocks this year.</p><p><blockquote>尽管如此，纳维利尔希望市场和整体经济通常的季节性顺风能够提振今年的股市。</blockquote></p><p> Stocks tend to enjoy not just solid gains in October, but also for the remainder of the fourth quarter. Consumer spending surges during the holiday shopping season and businesses often look to boost investments before annual budgets run out.</p><p><blockquote>股市往往不仅在10月份强劲上涨，而且在第四季度剩余时间也是如此。消费者支出在假日购物季激增，企业通常希望在年度预算用完之前增加投资。</blockquote></p><p> With that in mind, some strategists think that investors will continue to focus on the positive when looking ahead to earnings for Q4 and 2022.</p><p><blockquote>考虑到这一点，一些策略师认为，在展望第四季度和2022年的收益时，投资者将继续关注积极的一面。</blockquote></p><p> Yes, worries remain about Covid-19, Fed policy, inflation, global shipping delays and numerous other economic warning signs.</p><p><blockquote>是的，对新冠肺炎、美联储政策、通货膨胀、全球航运延误和许多其他经济警告信号的担忧仍然存在。</blockquote></p><p> But although this could create more volatility than usual in October and the rest of the fourth quarter, few expect that these challenges will lead to another recession. So the path of least resistance for stocks is still upward.</p><p><blockquote>不过，尽管这可能会在10月份和第四季度剩余时间造成比往常更大的波动，但很少有人预计这些挑战会导致另一场衰退。所以股票阻力最小的路径仍然是向上。</blockquote></p><p> \"Virtually all of these problems are showing tangible signs toward resolution,\" Robert Teeter, managing director at Silvercrest Asset Management, said in a report Monday, \"and should not inflict any long-term damage to stock valuations.\"</p><p><blockquote>Silvercrest Asset Management董事总经理罗伯特·蒂特(Robert Teeter)在周一的一份报告中表示：“几乎所有这些问题都显示出解决的切实迹象，并且不会对股票估值造成任何长期损害。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/10/05/investing/october-stocks/index.html\">CNN 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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://edition.cnn.com/2021/10/05/investing/october-stocks/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103782575","content_text":"New York (CNN Business) - October has often been a spooky month on Wall Street. Stocks famously crashed in October 1929, 1987 and, most recently, 2008.\nBut the marketisn't always a terrifying place to be just before Halloween. In fact,stocks typically go up in October.\nAccording to data from Ryan Detrick, chief market strategist at LPL Financial, October is just about in the middle of the pack: It has been the 7th best month for the S&P 500 since 1950 and the 4th best over the past 10 and 20 years.\n\"October is known for some spectacular crashes and many expect bad things to happen again this year,\" Detrick said in a report last week. \"But the truth is this month is simply misunderstood, as historically it is about an average month.\"\nAnd it could be better than average this October, because there are no potentially game-changing election results coming in November.\nSince 1999, the S&P 500 has gained 3.6% in odd-year Octobers and fallen 1.1% in even-numbered ones, corresponding to the US election schedule.\n\"It turns out stocks don't like politics much,\" Detrick said.\nMany risks remain but outlook still promising for stocks\nOf course DC headlines could still roil the market this year, albeit not because of an election.\nThe debt ceiling debate has yet to be resolved, and Congress still hasn't passed President Joe Biden's infrastructure and social spending plans. Meanwhile Biden also must soon decide whether he wants to nominate Jerome Powell for a second term as Fed chairman or pick someone else.\n\"The fourth quarter — like the conclusion of sporting events or Broadway plays — is where the drama lies,\" Louis Navellier, chairman of Navellier & Associates, said in a report last week.\nThat said, Navellier is hopeful the usual seasonal tailwinds for the markets and the broader economy will lift stocks this year.\nStocks tend to enjoy not just solid gains in October, but also for the remainder of the fourth quarter. Consumer spending surges during the holiday shopping season and businesses often look to boost investments before annual budgets run out.\nWith that in mind, some strategists think that investors will continue to focus on the positive when looking ahead to earnings for Q4 and 2022.\nYes, worries remain about Covid-19, Fed policy, inflation, global shipping delays and numerous other economic warning signs.\nBut although this could create more volatility than usual in October and the rest of the fourth quarter, few expect that these challenges will lead to another recession. So the path of least resistance for stocks is still upward.\n\"Virtually all of these problems are showing tangible signs toward resolution,\" Robert Teeter, managing director at Silvercrest Asset Management, said in a report Monday, \"and should not inflict any long-term damage to stock valuations.\"","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604324824,"gmtCreate":1639353337263,"gmtModify":1639353337897,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/604324824","repostId":"1160181402","repostType":4,"repost":{"id":"1160181402","kind":"news","pubTimestamp":1639353092,"share":"https://www.laohu8.com/m/news/1160181402?lang=zh_CN&edition=full","pubTime":"2021-12-13 07:51","market":"us","language":"en","title":"Earnings to Watch This Week: Accenture, Adobe and FedEx<blockquote>本周值得关注的财报：埃森哲、Adobe和联邦快递</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160181402","media":"nasdaq","summary":"What direction will the market take to close out the year? And when assessing the level the convicti","content":"<p>What direction will the market take to close out the year? And when assessing the level the conviction held by the bulls versus the bears, which side will be the first to blink? These questions don’t have easy answers, given the number of variables which are still at play, including concerns around the Fed’s tapering maneuvers, interest rates and rising inflation which stands at a 39-year high.</p><p><blockquote>市场将以什么方向结束这一年？在评估多头和空头的信念水平时，哪一方会第一个眨眼？鉴于仍有许多变量在起作用，这些问题没有简单的答案，包括对美联储缩减购债规模、利率和处于39年高点的通胀上升的担忧。</blockquote></p><p> However, the questions do highlight the the prevailing see-saw battle between good news and bad news and how they should be interpreted. According to data released Friday from the Labor Department, inflation soared 6.8% year over year in November, higher than the 6.7% estimate analysts expected. You would have to go all the way back to 1982 to find the last time inflation ran this fast. Meanwhile, the consumer price index rose 0.8% for the month. Despite the strong reading, the markets powered higher on Friday, suggesting that some investors might have expected a higher number. Some estimates were as high as 7%.</p><p><blockquote>然而，这些问题确实凸显了好消息和坏消息之间普遍存在的拉锯战，以及应该如何解读它们。美国劳工部周五公布的数据显示，11月份通胀率同比飙升6.8%，高于分析师预期的6.7%。你必须一直追溯到1982年才能找到上一次通货膨胀如此之快的时间。与此同时，本月消费者价格指数上涨0.8%。尽管数据强劲，但周五市场走高，这表明一些投资者可能预期会有更高的数字。一些估计高达7%。</blockquote></p><p> Stocks ended Friday’s session higher Friday, while booking solid gains for the week. On Friday the Dow Jones Industrial Average added 216.30 points, up 0.6% to end the session at 35,970.99. The blue chip index was powered by shares of Apple (AAPL), Salesforce (CRM), Microsoft (MSFT) and IBM (IBM). The S&amp;P 500 index rose 44.57 points or 0.95% to close at 4,712.02, while the tech-heavy Nasdaq Composite Index gained 113.23 points, 0.73%, to close at 15,630.60. The Nasdaq was aided by a 1.32% rise in Tesla (TSLA).</p><p><blockquote>周五股市收高，本周录得稳健上涨。周五，道琼斯工业平均指数上涨216.30点，上涨0.6%，收于35,970.99点。该蓝筹股指数由苹果(AAPL)、Salesforce(CRM)、微软(MSFT)和IBM(IBM)的股票推动。标普500指数上涨44.57点，涨幅0.95%，收于4,712.02点；以科技股为主的纳斯达克综合指数上涨113.23点，涨幅0.73%，收于15,630.60点。特斯拉(TSLA)上涨1.32%，提振了纳斯达克。</blockquote></p><p> In the case of “good news versus bad news,” while inflation might be running hotter than the market would like, investors are also thinking that higher inflation could force the Federal Reserve to pump the brakes on its decision to taper the monthly bond-buying program. This idea is not too farfetched seeing as the S&amp;P 500 index closed at record high in the face of increased uncertainty, compounded by fears that stock valuations have become stretched.</p><p><blockquote>在“好消息对坏消息”的情况下，虽然通胀可能比市场预期的要高，但投资者也认为，通胀上升可能会迫使美联储停止缩减月度债券购买计划的决定。鉴于标普500指数在不确定性增加的情况下收于历史新高，再加上对股票估值过高的担忧，这种想法并不太牵强。</blockquote></p><p> For the week, all three major benchmarks posted gains, with the Dow rising 4%, marking the blue chip index’s biggest weekly percentage gain in nine months. The S&amp;P 500 index climbed 3.8% for the week, while the Nasdaq Composite advanced 3.6%. As for the direction stocks will take to end the year? Some suggest the Santa Claus rally has just begun, while there are concerns that the Fed — which will meet next week — could be the Scrooge in the story by tapering at a faster pace.</p><p><blockquote>本周，三大主要基准指数均上涨，道琼斯指数上涨4%，创下该蓝筹股指数九个月来最大单周百分比涨幅。标普500指数本周上涨3.8%，纳斯达克综合指数上涨3.6%。至于年底股票会走什么方向？一些人认为圣诞老人反弹才刚刚开始，而有人担心将于下周召开会议的美联储可能会以更快的速度缩减规模，从而成为故事中的守财奴。</blockquote></p><p> As for earnings, here are this week’s stocks to keep an eye on.</p><p><blockquote>至于盈利，以下是本周值得关注的股票。</blockquote></p><p> <b>FedEx (FDX) - Reports after the close, Thursday, Dec. 16</b></p><p><blockquote><b>联邦快递(FDX)-12月16日星期四收盘后报告</b></blockquote></p><p> Wall Street expects FedEx to earn $4.25 per share on revenue of $22.44 billion. This compares to the year-ago quarter when earnings came to $4.83 per share on revenue of $20.56 billion.</p><p><blockquote>华尔街预计联邦快递每股收益4.25美元，营收224.4亿美元。相比之下，去年同期每股收益为4.83美元，营收为205.6亿美元。</blockquote></p><p> What to watch: Amid what appears to be short-term headwinds related to labor shortages and supply chain bottlenecks, FedEx stock has suffered immensely since the company reported second quarter results. Although Q2 revenue rose some 14% year over year, reaching $22 billion, FedEx posted 9% decline in adjusted operating income which fell to $1.49 billion. The company cited a challenging labor environment, including higher labor costs which pressured its margins and created inefficiencies. Since the results, the stock has fallen more than 30% from around $315 to a recent low of $217. It would appear, however, that the company has established some support around that area. Since the October low, the share price has risen as much as 17%. The company has taken aggressive steps to address its labor shortage. The question is, whether this will be yield meaningful improvements in the bottom line. And given that this is the all-important holiday quarter, on Thursday investors will want to hear increased level of optimism about profitability improvements within e-commerce and FedEx’s Ground segment. FedEx must also guide in a manner that suggests that the improvements shown will be sustainable.</p><p><blockquote>看点：自联邦快递公布第二季度业绩以来，在与劳动力短缺和供应链瓶颈相关的短期阻力中，该公司股价遭受了巨大损失。尽管第二季度收入同比增长约14%，达到220亿美元，但联邦快递调整后营业收入下降9%，至14.9亿美元。该公司列举了充满挑战的劳动力环境，包括劳动力成本上升，这给其利润率带来了压力并造成了效率低下。自业绩公布以来，该股已从315美元左右下跌超过30%，跌至近期低点217美元。然而，该公司似乎已经在该领域建立了一些支持。自10月低点以来，股价涨幅高达17%。该公司已采取积极措施解决劳动力短缺问题。问题是，这是否会带来有意义的利润改善。鉴于这是最重要的假期季度，周四投资者将希望听到对电子商务和联邦快递地面部门盈利能力改善的乐观情绪增加。联邦快递还必须以一种方式进行指导，表明所显示的改进将是可持续的。</blockquote></p><p> <b>Accenture (ACN) - Reports before the open, Thursday, Dec. 16</b></p><p><blockquote><b>埃森哲(ACN)-12月16日星期四开盘前报告</b></blockquote></p><p> Wall Street expects Accenture to earn $2.63 per share on revenue of $14.16 billion. This compares to the year-ago quarter when earnings came to $2.17 per share on revenue of $11.76 billion.</p><p><blockquote>华尔街预计埃森哲每股收益2.63美元，营收141.6亿美元。相比之下，去年同期每股收益为2.17美元，营收为117.6亿美元。</blockquote></p><p></p><p> What to watch: Compared to other tech/software stocks, Accenture stands out as one of the better-performing stocks over the past six months and on a year-to-date basis, during which the share price has returned 32% and 42%, respectively. A leading specialist in the IT consulting and outsourcing space, Accenture has outperformed the Technology Select Sector SPDR ETF (XLK) the S&amp;P 500 index in both spans. Its business has benefited immensely from the rapid growing demand not only for IT services, but also from increased cloud adoption and digital transitions. The question is, with the stock already up some 50% in twelve months and trading at a 52-week high, can Accenture still be relied upon to deliver in 2022 in a meaningful way? The company’s guidance on Thursday will answer that question.</p><p><blockquote>看点：与其他科技/软件股相比，埃森哲是过去六个月和年初至今表现较好的股票之一，在此期间股价分别上涨了32%和42%。作为IT咨询和外包领域的领先专家，Accenture在这两个领域的表现均优于Technology Select Sector SPDR ETF(XLK)和标普500指数。其业务不仅从IT服务需求的快速增长中受益匪浅，还从云采用和数字化转型的增加中受益匪浅。问题是，埃森哲的股价在12个月内已经上涨了约50%，交易价格处于52周高点，埃森哲还能在2022年以有意义的方式实现业绩吗？该公司周四的指引将回答这个问题。</blockquote></p><p> <b>Adobe (ADBE) - Reports before the open, Thursday, Dec. 16</b></p><p><blockquote><b>Adobe(ADBE)-12月16日星期四开盘前报告</b></blockquote></p><p> Wall Street expects Adobe to earn $3.20 per share on revenue of $4.09 billion. This compares to the year-ago quarter when earnings came to $2.81 per share on revenue of $3.42 billion.</p><p><blockquote>华尔街预计Adobe每股收益3.20美元，营收为40.9亿美元。相比之下，去年同期每股收益为2.81美元，营收为34.2亿美元。</blockquote></p><p> What to watch: Adobe stock has risen 23% over the past six months, compared to the 11% rise in the S&amp;P 500 index. The software giant is benefiting from the massive secular digitization trend that is poised to remain hot over the next two years. The question is about this year, particularly when looking at the strong comparisons Adobe is coming up against. For example, after averaging 23% revenue growth in its previous three quarters, revenue is expected to rise just 15% for all of fiscal 2022. That said, the company’s product offering remains a key differentiator from potential competitors. Adobe's Digital Media segment, its biggest business unit which encompasses Photoshop, After Effects, Adobe Acrobat and Adobe Sign, accounts for 74% of its total business as of Q3 2021. Meanwhile, the company’s smaller segment, its Document Cloud business, accounts for 13% of total revenue and grew by 31% year over year last quarters. This remains a massive opportunity for Adobe, in addition to its Digital Experience segment, which includes Adobe's analytics and commerce units (Magento and Marketo). While the stock is not cheap today it doesn’t appear as if it will get cheaper given the company’s many growth catalysts.</p><p><blockquote>看点：Adobe股票在过去六个月中上涨了23%，而标普500指数上涨了11%。这家软件巨头正受益于大规模的长期数字化趋势，这种趋势将在未来两年内保持火热。这个问题是关于今年的，特别是当考虑到Adobe面临的强劲比较时。例如，在前三个季度平均收入增长23%之后，预计2022财年全年收入仅增长15%。也就是说，该公司的产品仍然是与潜在竞争对手的关键区别。Adobe的数字媒体部门是其最大的业务部门，包括Photoshop、After Effects、Adobe Acrobat和Adobe Sign，截至2021年第三季度，占其总业务的74%。与此同时，该公司较小的部门文档云业务占总收入的13%，上季度同比增长31%。除了包括Adobe的分析和商务部门（Magento和Marketo）的数字体验部门之外，这对Adobe来说仍然是一个巨大的机会。虽然该股目前并不便宜，但考虑到该公司的许多增长催化剂，它似乎不会变得更便宜。</blockquote></p><p></p>","source":"lsy1603171495471","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>Earnings to Watch This Week: Accenture, Adobe and FedEx<blockquote>本周值得关注的财报：埃森哲、Adobe和联邦快递</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\">\nEarnings to Watch This Week: Accenture, Adobe and FedEx<blockquote>本周值得关注的财报：埃森哲、Adobe和联邦快递</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">nasdaq</strong><span class=\"h-time small\">2021-12-13 07:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What direction will the market take to close out the year? And when assessing the level the conviction held by the bulls versus the bears, which side will be the first to blink? These questions don’t have easy answers, given the number of variables which are still at play, including concerns around the Fed’s tapering maneuvers, interest rates and rising inflation which stands at a 39-year high.</p><p><blockquote>市场将以什么方向结束这一年？在评估多头和空头的信念水平时，哪一方会第一个眨眼？鉴于仍有许多变量在起作用，这些问题没有简单的答案，包括对美联储缩减购债规模、利率和处于39年高点的通胀上升的担忧。</blockquote></p><p> However, the questions do highlight the the prevailing see-saw battle between good news and bad news and how they should be interpreted. According to data released Friday from the Labor Department, inflation soared 6.8% year over year in November, higher than the 6.7% estimate analysts expected. You would have to go all the way back to 1982 to find the last time inflation ran this fast. Meanwhile, the consumer price index rose 0.8% for the month. Despite the strong reading, the markets powered higher on Friday, suggesting that some investors might have expected a higher number. Some estimates were as high as 7%.</p><p><blockquote>然而，这些问题确实凸显了好消息和坏消息之间普遍存在的拉锯战，以及应该如何解读它们。美国劳工部周五公布的数据显示，11月份通胀率同比飙升6.8%，高于分析师预期的6.7%。你必须一直追溯到1982年才能找到上一次通货膨胀如此之快的时间。与此同时，本月消费者价格指数上涨0.8%。尽管数据强劲，但周五市场走高，这表明一些投资者可能预期会有更高的数字。一些估计高达7%。</blockquote></p><p> Stocks ended Friday’s session higher Friday, while booking solid gains for the week. On Friday the Dow Jones Industrial Average added 216.30 points, up 0.6% to end the session at 35,970.99. The blue chip index was powered by shares of Apple (AAPL), Salesforce (CRM), Microsoft (MSFT) and IBM (IBM). The S&amp;P 500 index rose 44.57 points or 0.95% to close at 4,712.02, while the tech-heavy Nasdaq Composite Index gained 113.23 points, 0.73%, to close at 15,630.60. The Nasdaq was aided by a 1.32% rise in Tesla (TSLA).</p><p><blockquote>周五股市收高，本周录得稳健上涨。周五，道琼斯工业平均指数上涨216.30点，上涨0.6%，收于35,970.99点。该蓝筹股指数由苹果(AAPL)、Salesforce(CRM)、微软(MSFT)和IBM(IBM)的股票推动。标普500指数上涨44.57点，涨幅0.95%，收于4,712.02点；以科技股为主的纳斯达克综合指数上涨113.23点，涨幅0.73%，收于15,630.60点。特斯拉(TSLA)上涨1.32%，提振了纳斯达克。</blockquote></p><p> In the case of “good news versus bad news,” while inflation might be running hotter than the market would like, investors are also thinking that higher inflation could force the Federal Reserve to pump the brakes on its decision to taper the monthly bond-buying program. This idea is not too farfetched seeing as the S&amp;P 500 index closed at record high in the face of increased uncertainty, compounded by fears that stock valuations have become stretched.</p><p><blockquote>在“好消息对坏消息”的情况下，虽然通胀可能比市场预期的要高，但投资者也认为，通胀上升可能会迫使美联储停止缩减月度债券购买计划的决定。鉴于标普500指数在不确定性增加的情况下收于历史新高，再加上对股票估值过高的担忧，这种想法并不太牵强。</blockquote></p><p> For the week, all three major benchmarks posted gains, with the Dow rising 4%, marking the blue chip index’s biggest weekly percentage gain in nine months. The S&amp;P 500 index climbed 3.8% for the week, while the Nasdaq Composite advanced 3.6%. As for the direction stocks will take to end the year? Some suggest the Santa Claus rally has just begun, while there are concerns that the Fed — which will meet next week — could be the Scrooge in the story by tapering at a faster pace.</p><p><blockquote>本周，三大主要基准指数均上涨，道琼斯指数上涨4%，创下该蓝筹股指数九个月来最大单周百分比涨幅。标普500指数本周上涨3.8%，纳斯达克综合指数上涨3.6%。至于年底股票会走什么方向？一些人认为圣诞老人反弹才刚刚开始，而有人担心将于下周召开会议的美联储可能会以更快的速度缩减规模，从而成为故事中的守财奴。</blockquote></p><p> As for earnings, here are this week’s stocks to keep an eye on.</p><p><blockquote>至于盈利，以下是本周值得关注的股票。</blockquote></p><p> <b>FedEx (FDX) - Reports after the close, Thursday, Dec. 16</b></p><p><blockquote><b>联邦快递(FDX)-12月16日星期四收盘后报告</b></blockquote></p><p> Wall Street expects FedEx to earn $4.25 per share on revenue of $22.44 billion. This compares to the year-ago quarter when earnings came to $4.83 per share on revenue of $20.56 billion.</p><p><blockquote>华尔街预计联邦快递每股收益4.25美元，营收224.4亿美元。相比之下，去年同期每股收益为4.83美元，营收为205.6亿美元。</blockquote></p><p> What to watch: Amid what appears to be short-term headwinds related to labor shortages and supply chain bottlenecks, FedEx stock has suffered immensely since the company reported second quarter results. Although Q2 revenue rose some 14% year over year, reaching $22 billion, FedEx posted 9% decline in adjusted operating income which fell to $1.49 billion. The company cited a challenging labor environment, including higher labor costs which pressured its margins and created inefficiencies. Since the results, the stock has fallen more than 30% from around $315 to a recent low of $217. It would appear, however, that the company has established some support around that area. Since the October low, the share price has risen as much as 17%. The company has taken aggressive steps to address its labor shortage. The question is, whether this will be yield meaningful improvements in the bottom line. And given that this is the all-important holiday quarter, on Thursday investors will want to hear increased level of optimism about profitability improvements within e-commerce and FedEx’s Ground segment. FedEx must also guide in a manner that suggests that the improvements shown will be sustainable.</p><p><blockquote>看点：自联邦快递公布第二季度业绩以来，在与劳动力短缺和供应链瓶颈相关的短期阻力中，该公司股价遭受了巨大损失。尽管第二季度收入同比增长约14%，达到220亿美元，但联邦快递调整后营业收入下降9%，至14.9亿美元。该公司列举了充满挑战的劳动力环境，包括劳动力成本上升，这给其利润率带来了压力并造成了效率低下。自业绩公布以来，该股已从315美元左右下跌超过30%，跌至近期低点217美元。然而，该公司似乎已经在该领域建立了一些支持。自10月低点以来，股价涨幅高达17%。该公司已采取积极措施解决劳动力短缺问题。问题是，这是否会带来有意义的利润改善。鉴于这是最重要的假期季度，周四投资者将希望听到对电子商务和联邦快递地面部门盈利能力改善的乐观情绪增加。联邦快递还必须以一种方式进行指导，表明所显示的改进将是可持续的。</blockquote></p><p> <b>Accenture (ACN) - Reports before the open, Thursday, Dec. 16</b></p><p><blockquote><b>埃森哲(ACN)-12月16日星期四开盘前报告</b></blockquote></p><p> Wall Street expects Accenture to earn $2.63 per share on revenue of $14.16 billion. This compares to the year-ago quarter when earnings came to $2.17 per share on revenue of $11.76 billion.</p><p><blockquote>华尔街预计埃森哲每股收益2.63美元，营收141.6亿美元。相比之下，去年同期每股收益为2.17美元，营收为117.6亿美元。</blockquote></p><p></p><p> What to watch: Compared to other tech/software stocks, Accenture stands out as one of the better-performing stocks over the past six months and on a year-to-date basis, during which the share price has returned 32% and 42%, respectively. A leading specialist in the IT consulting and outsourcing space, Accenture has outperformed the Technology Select Sector SPDR ETF (XLK) the S&amp;P 500 index in both spans. Its business has benefited immensely from the rapid growing demand not only for IT services, but also from increased cloud adoption and digital transitions. The question is, with the stock already up some 50% in twelve months and trading at a 52-week high, can Accenture still be relied upon to deliver in 2022 in a meaningful way? The company’s guidance on Thursday will answer that question.</p><p><blockquote>看点：与其他科技/软件股相比，埃森哲是过去六个月和年初至今表现较好的股票之一，在此期间股价分别上涨了32%和42%。作为IT咨询和外包领域的领先专家，Accenture在这两个领域的表现均优于Technology Select Sector SPDR ETF(XLK)和标普500指数。其业务不仅从IT服务需求的快速增长中受益匪浅，还从云采用和数字化转型的增加中受益匪浅。问题是，埃森哲的股价在12个月内已经上涨了约50%，交易价格处于52周高点，埃森哲还能在2022年以有意义的方式实现业绩吗？该公司周四的指引将回答这个问题。</blockquote></p><p> <b>Adobe (ADBE) - Reports before the open, Thursday, Dec. 16</b></p><p><blockquote><b>Adobe(ADBE)-12月16日星期四开盘前报告</b></blockquote></p><p> Wall Street expects Adobe to earn $3.20 per share on revenue of $4.09 billion. This compares to the year-ago quarter when earnings came to $2.81 per share on revenue of $3.42 billion.</p><p><blockquote>华尔街预计Adobe每股收益3.20美元，营收为40.9亿美元。相比之下，去年同期每股收益为2.81美元，营收为34.2亿美元。</blockquote></p><p> What to watch: Adobe stock has risen 23% over the past six months, compared to the 11% rise in the S&amp;P 500 index. The software giant is benefiting from the massive secular digitization trend that is poised to remain hot over the next two years. The question is about this year, particularly when looking at the strong comparisons Adobe is coming up against. For example, after averaging 23% revenue growth in its previous three quarters, revenue is expected to rise just 15% for all of fiscal 2022. That said, the company’s product offering remains a key differentiator from potential competitors. Adobe's Digital Media segment, its biggest business unit which encompasses Photoshop, After Effects, Adobe Acrobat and Adobe Sign, accounts for 74% of its total business as of Q3 2021. Meanwhile, the company’s smaller segment, its Document Cloud business, accounts for 13% of total revenue and grew by 31% year over year last quarters. This remains a massive opportunity for Adobe, in addition to its Digital Experience segment, which includes Adobe's analytics and commerce units (Magento and Marketo). While the stock is not cheap today it doesn’t appear as if it will get cheaper given the company’s many growth catalysts.</p><p><blockquote>看点：Adobe股票在过去六个月中上涨了23%，而标普500指数上涨了11%。这家软件巨头正受益于大规模的长期数字化趋势，这种趋势将在未来两年内保持火热。这个问题是关于今年的，特别是当考虑到Adobe面临的强劲比较时。例如，在前三个季度平均收入增长23%之后，预计2022财年全年收入仅增长15%。也就是说，该公司的产品仍然是与潜在竞争对手的关键区别。Adobe的数字媒体部门是其最大的业务部门，包括Photoshop、After Effects、Adobe Acrobat和Adobe Sign，截至2021年第三季度，占其总业务的74%。与此同时，该公司较小的部门文档云业务占总收入的13%，上季度同比增长31%。除了包括Adobe的分析和商务部门（Magento和Marketo）的数字体验部门之外，这对Adobe来说仍然是一个巨大的机会。虽然该股目前并不便宜，但考虑到该公司的许多增长催化剂，它似乎不会变得更便宜。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/weekly-preview%3A-earnings-to-watch-this-week-acn-adbe-fdx\">nasdaq</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":{"ADBE":"Adobe","ACN":"埃森哲","FDX":"联邦快递"},"source_url":"https://www.nasdaq.com/articles/weekly-preview%3A-earnings-to-watch-this-week-acn-adbe-fdx","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160181402","content_text":"What direction will the market take to close out the year? And when assessing the level the conviction held by the bulls versus the bears, which side will be the first to blink? These questions don’t have easy answers, given the number of variables which are still at play, including concerns around the Fed’s tapering maneuvers, interest rates and rising inflation which stands at a 39-year high.\n\nHowever, the questions do highlight the the prevailing see-saw battle between good news and bad news and how they should be interpreted. According to data released Friday from the Labor Department, inflation soared 6.8% year over year in November, higher than the 6.7% estimate analysts expected. You would have to go all the way back to 1982 to find the last time inflation ran this fast. Meanwhile, the consumer price index rose 0.8% for the month. Despite the strong reading, the markets powered higher on Friday, suggesting that some investors might have expected a higher number. Some estimates were as high as 7%.\n\nStocks ended Friday’s session higher Friday, while booking solid gains for the week. On Friday the Dow Jones Industrial Average added 216.30 points, up 0.6% to end the session at 35,970.99. The blue chip index was powered by shares of Apple (AAPL), Salesforce (CRM), Microsoft (MSFT) and IBM (IBM). The S&P 500 index rose 44.57 points or 0.95% to close at 4,712.02, while the tech-heavy Nasdaq Composite Index gained 113.23 points, 0.73%, to close at 15,630.60. The Nasdaq was aided by a 1.32% rise in Tesla (TSLA).\n\nIn the case of “good news versus bad news,” while inflation might be running hotter than the market would like, investors are also thinking that higher inflation could force the Federal Reserve to pump the brakes on its decision to taper the monthly bond-buying program. This idea is not too farfetched seeing as the S&P 500 index closed at record high in the face of increased uncertainty, compounded by fears that stock valuations have become stretched.\n\n\nFor the week, all three major benchmarks posted gains, with the Dow rising 4%, marking the blue chip index’s biggest weekly percentage gain in nine months. The S&P 500 index climbed 3.8% for the week, while the Nasdaq Composite advanced 3.6%. As for the direction stocks will take to end the year? Some suggest the Santa Claus rally has just begun, while there are concerns that the Fed — which will meet next week — could be the Scrooge in the story by tapering at a faster pace.\n\nAs for earnings, here are this week’s stocks to keep an eye on.\n\nFedEx (FDX) - Reports after the close, Thursday, Dec. 16\n\nWall Street expects FedEx to earn $4.25 per share on revenue of $22.44 billion. This compares to the year-ago quarter when earnings came to $4.83 per share on revenue of $20.56 billion.\n\nWhat to watch: Amid what appears to be short-term headwinds related to labor shortages and supply chain bottlenecks, FedEx stock has suffered immensely since the company reported second quarter results. Although Q2 revenue rose some 14% year over year, reaching $22 billion, FedEx posted 9% decline in adjusted operating income which fell to $1.49 billion. The company cited a challenging labor environment, including higher labor costs which pressured its margins and created inefficiencies. Since the results, the stock has fallen more than 30% from around $315 to a recent low of $217. It would appear, however, that the company has established some support around that area. Since the October low, the share price has risen as much as 17%. The company has taken aggressive steps to address its labor shortage. The question is, whether this will be yield meaningful improvements in the bottom line. And given that this is the all-important holiday quarter, on Thursday investors will want to hear increased level of optimism about profitability improvements within e-commerce and FedEx’s Ground segment. FedEx must also guide in a manner that suggests that the improvements shown will be sustainable.\n\nAccenture (ACN) - Reports before the open, Thursday, Dec. 16\n\n\nWall Street expects Accenture to earn $2.63 per share on revenue of $14.16 billion. This compares to the year-ago quarter when earnings came to $2.17 per share on revenue of $11.76 billion.\n\nWhat to watch: Compared to other tech/software stocks, Accenture stands out as one of the better-performing stocks over the past six months and on a year-to-date basis, during which the share price has returned 32% and 42%, respectively. A leading specialist in the IT consulting and outsourcing space, Accenture has outperformed the Technology Select Sector SPDR ETF (XLK) the S&P 500 index in both spans. Its business has benefited immensely from the rapid growing demand not only for IT services, but also from increased cloud adoption and digital transitions. The question is, with the stock already up some 50% in twelve months and trading at a 52-week high, can Accenture still be relied upon to deliver in 2022 in a meaningful way? The company’s guidance on Thursday will answer that question.\n\nAdobe (ADBE) - Reports before the open, Thursday, Dec. 16\n\nWall Street expects Adobe to earn $3.20 per share on revenue of $4.09 billion. This compares to the year-ago quarter when earnings came to $2.81 per share on revenue of $3.42 billion.\n\nWhat to watch: Adobe stock has risen 23% over the past six months, compared to the 11% rise in the S&P 500 index. The software giant is benefiting from the massive secular digitization trend that is poised to remain hot over the next two years. The question is about this year, particularly when looking at the strong comparisons Adobe is coming up against. For example, after averaging 23% revenue growth in its previous three quarters, revenue is expected to rise just 15% for all of fiscal 2022. That said, the company’s product offering remains a key differentiator from potential competitors. Adobe's Digital Media segment, its biggest business unit which encompasses Photoshop, After Effects, Adobe Acrobat and Adobe Sign, accounts for 74% of its total business as of Q3 2021. Meanwhile, the company’s smaller segment, its Document Cloud business, accounts for 13% of total revenue and grew by 31% year over year last quarters. This remains a massive opportunity for Adobe, in addition to its Digital Experience segment, which includes Adobe's analytics and commerce units (Magento and Marketo). While the stock is not cheap today it doesn’t appear as if it will get cheaper given the company’s many growth catalysts.","news_type":1,"symbols_score_info":{"FDX":0.9,"ADBE":0.9,"ACN":0.9}},"isVote":1,"tweetType":1,"viewCount":426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872914446,"gmtCreate":1637391525507,"gmtModify":1637391525741,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583570345500843","idStr":"3583570345500843"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n 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