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CPLam
CPLam
·
2021-10-22
[微笑]
Trump stock DWAC keeps rallying, up 190% in morning trading<blockquote>特朗普股票 DWAC 继续上涨,早盘交易上涨 190%</blockquote>
(Oct 22) Trump stock DWAC keeps rallying, up 190% in morning trading.
Trump stock DWAC keeps rallying, up 190% in morning trading<blockquote>特朗普股票 DWAC 继续上涨,早盘交易上涨 190%</blockquote>
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CPLam
CPLam
·
2021-10-07
[微笑]
GM Needs to Walk the Tesla Talk<blockquote>通用汽车需要遵守特斯拉会谈</blockquote>
The company laid down bullish financial targets at its latest investor conference, particularly for
GM Needs to Walk the Tesla Talk<blockquote>通用汽车需要遵守特斯拉会谈</blockquote>
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CPLam
CPLam
·
2021-10-06
[微笑]
BlackRock Is Adding Annuities to 401(k)s<blockquote>贝莱德正在将年金添加到 401(k)s</blockquote>
New retirement product will allow workers to receive stream of payments for the rest of their lives.
BlackRock Is Adding Annuities to 401(k)s<blockquote>贝莱德正在将年金添加到 401(k)s</blockquote>
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CPLam
CPLam
·
2021-10-04
[微笑]
Nike, Under Armour and others face supply problems in Vietnam<blockquote>耐克、安德玛等公司在越南面临供应问题</blockquote>
New York (CNN)Surging shopper demand coupled with shipping container shortages and bottlenecks at po
Nike, Under Armour and others face supply problems in Vietnam<blockquote>耐克、安德玛等公司在越南面临供应问题</blockquote>
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CPLam
CPLam
·
2021-10-03
[微笑]
非常抱歉,此主贴已删除
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CPLam
CPLam
·
2021-09-30
[开心]
非常抱歉,此主贴已删除
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CPLam
CPLam
·
2021-09-29
[微笑]
非常抱歉,此主贴已删除
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CPLam
CPLam
·
2021-09-28
[微笑]
非常抱歉,此主贴已删除
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CPLam
CPLam
·
2021-09-22
[微笑]
非常抱歉,此主贴已删除
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CPLam
CPLam
·
2021-09-21
[微笑]
U.S. stocks gain at Tuesday's open<blockquote>美国股市周二开盘上涨</blockquote>
(Sept 21) U.S. stocks gain at Tuesday's open. Dow Jones, S&P and Nasdaq start higher following yeste
U.S. stocks gain at Tuesday's open<blockquote>美国股市周二开盘上涨</blockquote>
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Trump stock DWAC keeps rallying, up 190% in morning trading.</p><p><blockquote>(10 月 22 日)特朗普股票 DWAC 继续上涨,早盘交易中上涨 190%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6699594961feabf1eabf33617438aa02\" tg-width=\"1049\" tg-height=\"561\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump stock DWAC keeps rallying, up 190% in morning trading<blockquote>特朗普股票 DWAC 继续上涨,早盘交易上涨 190%</blockquote></title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump stock DWAC keeps rallying, up 190% in morning trading<blockquote>特朗普股票 DWAC 继续上涨,早盘交易上涨 190%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-10-22 21:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Oct 22) Trump stock DWAC keeps rallying, up 190% in morning trading.</p><p><blockquote>(10 月 22 日)特朗普股票 DWAC 继续上涨,早盘交易中上涨 190%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6699594961feabf1eabf33617438aa02\" tg-width=\"1049\" tg-height=\"561\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173157823","content_text":"(Oct 22) Trump stock DWAC keeps rallying, up 190% in morning trading.","news_type":1,"symbols_score_info":{"DWAC":0.9}},"isVote":1,"tweetType":1,"viewCount":3610,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":823819044,"gmtCreate":1633610886295,"gmtModify":1633610886426,"author":{"id":"3582955658777354","authorId":"3582955658777354","name":"CPLam","avatar":"https://static.tigerbbs.com/b60f94547aab59173fe6c47ba3e17cb3","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582955658777354","authorIdStr":"3582955658777354"},"themes":[],"title":"","htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/823819044","repostId":"1154944377","repostType":4,"repost":{"id":"1154944377","kind":"news","pubTimestamp":1633610154,"share":"https://www.laohunote.com/m/news/1154944377?lang=zh_CN&edition=full","pubTime":"2021-10-07 20:35","market":"us","language":"en","title":"GM Needs to Walk the Tesla Talk<blockquote>通用汽车需要遵守特斯拉会谈</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154944377","media":"The Wall Street Journal","summary":"The company laid down bullish financial targets at its latest investor conference, particularly for ","content":"<p> <b>The company laid down bullish financial targets at its latest investor conference, particularly for its autonomous taxi business.</b> GM painted a wildly ambitious picture of growth at its much-anticipated 2021 investor conference. What investors really need from the company, though, isn’t more talk.</p><p><blockquote><b>该公司在最近的投资者会议上制定了乐观的财务目标,特别是针对其自动驾驶出租车业务。</b>通用汽车在备受期待的 2021 年投资者大会上描绘了一幅雄心勃勃的增长图景。不过,投资者真正需要的是公司什么,并不是空谈。</blockquote></p><p> On Wednesday afternoon, the Detroit automotive giant kicked off its first big strategy event since the start of the pandemic by promising to double revenue and raise margins by 2030. These targets form the core of Chief Executive Mary Barra’s boldest bid yet to position GM as a growth-focused technology company rather than a mere manufacturer of light vehicles. As cars become theultimate mobile devices, she wants to be theAppleof the automotive industry, a “platform innovator” with more than $80 billion in revenue from “new businesses” at the end of the decade.</p><p><blockquote>周三下午,这家底特律汽车巨头承诺到 2030 年将收入翻一番并提高利润率,拉开了自疫情爆发以来的首次大型战略活动的序幕。这些目标构成了通用汽车首席执行官玛丽-巴拉(Mary Barra)迄今为止最大胆的出价的核心,旨在将通用汽车定位为一家以增长为导向的技术公司,而不仅仅是一家轻型汽车制造商。随着汽车成为终极移动设备,她希望成为汽车行业的苹果,成为 “平台创新者”,到本十年末,“新业务 ”的收入将超过 800 亿美元。</blockquote></p><p> Thevision itselfwasn’t hugely surprising—<a href=\"https://laohu8.com/S/F\">Ford</a>,Volkswagenand Chrysler-owner Stellantis have all talked upnew business opportunitiesin comparable investor days this year—but the numbers were. GM has made $138 billion of revenue annually in the past five years, on average. From that base, it expects roughly 5% annual growth from its traditional business of selling and financing light vehicles, including electric ones, and on top of that exponential growth in a range of complementary services that today mostly remain at the startup stage.</p><p><blockquote>这个愿景本身并不令人惊讶——<a href=\"https://laohu8.com/S/F\">福特</a>大众汽车和克莱斯勒母公司 Stellantis 都在今年的可比投资者日谈论了新的商业机会,但数字是这样的。过去五年,通用汽车平均每年创造 1380 亿美元的收入。在此基础上,该公司预计其销售和融资轻型汽车(包括电动汽车)的传统业务将实现约 5% 的年增长率,此外,一系列补充服务也将实现指数级增长,目前这些服务大多仍处于起步阶段。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d5176be7b8e4d47c04af504a2f58747f\" tg-width=\"732\" tg-height=\"513\" referrerpolicy=\"no-referrer\">By far the most mature of these services is OnStar, which GM has built up over 25 years as a roadside-assistance service enabled by wireless technology. It probably accounts for the bulk of the $2 billion in high-margin revenue the company said it makes from subscriptions today. As onboard internet connections and operating systems move in line with the smartphone industry, GM expects that number to rise fast—to between $20 billion and $25 billion by 2030.</p><p><blockquote>到目前为止,这些服务中最成熟的是 OnStar,通用汽车花了 25 年多的时间打造了这项由无线技术支持的道路救援服务。该公司表示,它可能占该公司目前从订阅中获得的 20 亿美元高利润收入的大部分。随着车载互联网连接和操作系统与智能手机行业保持一致,通用汽车预计这一数字将快速增长,到 2030 年将达到 200 亿至 250 亿美元。</blockquote></p><p> That bullish projection seems almost timid next to GM’s claims for Cruise, the San Francisco based autonomous-vehicle operation it bought in 2016. Dan Ammann, the former investment banker who has run the unit since 2019 and brought in <a href=\"https://laohu8.com/S/HMC\">Honda</a>, SoftBank,MicrosoftandWalmartas minority shareholders, is hoping for $50 billion in revenue by the end of the decade. Cruise is still perfecting the notoriously challenging technology required to offer driverless taxi rides safely to consumers, yet Mr. Ammann expects things to take off after 2023.</p><p><blockquote>与通用汽车于 2016 年收购的总部位于旧金山的自动驾驶汽车运营商 Cruise 相比,这种乐观的预测似乎有些胆怯。丹·阿曼 (Dan Ammann) 是前投资银行家,自 2019 年以来一直管理该部门,并带来了<a href=\"https://laohu8.com/S/HMC\">本田</a>软银、微软和沃尔玛的少数股东希望到本十年末实现 500 亿美元的收入。Cruise 仍在完善向消费者安全提供无人驾驶出租车所需的众所周知具有挑战性的技术,但阿曼先生预计事情将在 2023 年之后起飞。</blockquote></p><p> This is this kind of aspirational futurology that has earned Tesla a cultish following and outsize stock-market valuation. Which is the point: GM’s event was laced with implicit references to challenging the U.S. EV leader.</p><p><blockquote>正是这种令人向往的未来学为特斯拉赢得了狂热的追随者和巨大的股市估值。重点是: 通用汽车的活动中隐含着挑战美国电动汽车领导者的暗示。</blockquote></p><p> Ms. Barra can’t be blamed for trying to capture as much of the auto-tech excitement as she can, but it remains easier to connect the dots between the present and the future atElon Musk’s company. Whereas Tesla is already growing quickly thanks to popular EVs, GM has shrunk in recent years as part of a strategy of focusing on profits rather than revenues, and this summer it recalled all its Bolt EVs because of fire risks. More than big promises about a still-distant future, the company needs its next-generation flagship models, such as the Cadillac Lyriq due out next year, wowing consumers on the road.</p><p><blockquote>巴拉女士试图尽可能多地捕捉汽车技术的兴奋感,这并不能怪她,但将现在和未来的阿特隆-马斯克公司联系起来仍然更容易。尽管由于受欢迎的电动汽车,特斯拉已经在快速增长,但通用汽车近年来一直在萎缩,作为关注利润而不是收入战略的一部分,今年夏天,由于火灾风险,它召回了所有 Bolt 电动汽车。该公司不仅需要对遥远的未来做出巨大承诺,还需要下一代旗舰车型,例如将于明年推出的凯迪拉克 Lyriq,让公路上的消费者惊叹不已。</blockquote></p><p> The good news for investors is that none of GM’s growth hopes arebaked into its stock, which fell with the wider market on Wednesday and still trades at a modest eight times forward earnings. If even a small portion of the company’s new business plans bear fruit in the coming years, shareholders could still get a lift.</p><p><blockquote>对投资者来说,好消息是通用汽车的增长希望并未化为泡影,通用汽车的股价周三随大盘下跌,但其预期市盈率仍为 8 倍。即使公司新业务计划的一小部分在未来几年取得成果,股东仍有可能获得提升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a1d47c8b6a6e8e274ad3be847af9865f\" tg-width=\"739\" tg-height=\"322\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GM Needs to Walk the Tesla Talk<blockquote>通用汽车需要遵守特斯拉会谈</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\">\nGM Needs to Walk the Tesla Talk<blockquote>通用汽车需要遵守特斯拉会谈</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-10-07 20:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p> <b>The company laid down bullish financial targets at its latest investor conference, particularly for its autonomous taxi business.</b> GM painted a wildly ambitious picture of growth at its much-anticipated 2021 investor conference. What investors really need from the company, though, isn’t more talk.</p><p><blockquote><b>该公司在最近的投资者会议上制定了乐观的财务目标,特别是针对其自动驾驶出租车业务。</b>通用汽车在备受期待的 2021 年投资者大会上描绘了一幅雄心勃勃的增长图景。不过,投资者真正需要的是公司什么,并不是空谈。</blockquote></p><p> On Wednesday afternoon, the Detroit automotive giant kicked off its first big strategy event since the start of the pandemic by promising to double revenue and raise margins by 2030. These targets form the core of Chief Executive Mary Barra’s boldest bid yet to position GM as a growth-focused technology company rather than a mere manufacturer of light vehicles. As cars become theultimate mobile devices, she wants to be theAppleof the automotive industry, a “platform innovator” with more than $80 billion in revenue from “new businesses” at the end of the decade.</p><p><blockquote>周三下午,这家底特律汽车巨头承诺到 2030 年将收入翻一番并提高利润率,拉开了自疫情爆发以来的首次大型战略活动的序幕。这些目标构成了通用汽车首席执行官玛丽-巴拉(Mary Barra)迄今为止最大胆的出价的核心,旨在将通用汽车定位为一家以增长为导向的技术公司,而不仅仅是一家轻型汽车制造商。随着汽车成为终极移动设备,她希望成为汽车行业的苹果,成为 “平台创新者”,到本十年末,“新业务 ”的收入将超过 800 亿美元。</blockquote></p><p> Thevision itselfwasn’t hugely surprising—<a href=\"https://laohu8.com/S/F\">Ford</a>,Volkswagenand Chrysler-owner Stellantis have all talked upnew business opportunitiesin comparable investor days this year—but the numbers were. GM has made $138 billion of revenue annually in the past five years, on average. From that base, it expects roughly 5% annual growth from its traditional business of selling and financing light vehicles, including electric ones, and on top of that exponential growth in a range of complementary services that today mostly remain at the startup stage.</p><p><blockquote>这个愿景本身并不令人惊讶——<a href=\"https://laohu8.com/S/F\">福特</a>大众汽车和克莱斯勒母公司 Stellantis 都在今年的可比投资者日谈论了新的商业机会,但数字是这样的。过去五年,通用汽车平均每年创造 1380 亿美元的收入。在此基础上,该公司预计其销售和融资轻型汽车(包括电动汽车)的传统业务将实现约 5% 的年增长率,此外,一系列补充服务也将实现指数级增长,目前这些服务大多仍处于起步阶段。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d5176be7b8e4d47c04af504a2f58747f\" tg-width=\"732\" tg-height=\"513\" referrerpolicy=\"no-referrer\">By far the most mature of these services is OnStar, which GM has built up over 25 years as a roadside-assistance service enabled by wireless technology. It probably accounts for the bulk of the $2 billion in high-margin revenue the company said it makes from subscriptions today. As onboard internet connections and operating systems move in line with the smartphone industry, GM expects that number to rise fast—to between $20 billion and $25 billion by 2030.</p><p><blockquote>到目前为止,这些服务中最成熟的是 OnStar,通用汽车花了 25 年多的时间打造了这项由无线技术支持的道路救援服务。该公司表示,它可能占该公司目前从订阅中获得的 20 亿美元高利润收入的大部分。随着车载互联网连接和操作系统与智能手机行业保持一致,通用汽车预计这一数字将快速增长,到 2030 年将达到 200 亿至 250 亿美元。</blockquote></p><p> That bullish projection seems almost timid next to GM’s claims for Cruise, the San Francisco based autonomous-vehicle operation it bought in 2016. Dan Ammann, the former investment banker who has run the unit since 2019 and brought in <a href=\"https://laohu8.com/S/HMC\">Honda</a>, SoftBank,MicrosoftandWalmartas minority shareholders, is hoping for $50 billion in revenue by the end of the decade. Cruise is still perfecting the notoriously challenging technology required to offer driverless taxi rides safely to consumers, yet Mr. Ammann expects things to take off after 2023.</p><p><blockquote>与通用汽车于 2016 年收购的总部位于旧金山的自动驾驶汽车运营商 Cruise 相比,这种乐观的预测似乎有些胆怯。丹·阿曼 (Dan Ammann) 是前投资银行家,自 2019 年以来一直管理该部门,并带来了<a href=\"https://laohu8.com/S/HMC\">本田</a>软银、微软和沃尔玛的少数股东希望到本十年末实现 500 亿美元的收入。Cruise 仍在完善向消费者安全提供无人驾驶出租车所需的众所周知具有挑战性的技术,但阿曼先生预计事情将在 2023 年之后起飞。</blockquote></p><p> This is this kind of aspirational futurology that has earned Tesla a cultish following and outsize stock-market valuation. Which is the point: GM’s event was laced with implicit references to challenging the U.S. EV leader.</p><p><blockquote>正是这种令人向往的未来学为特斯拉赢得了狂热的追随者和巨大的股市估值。重点是: 通用汽车的活动中隐含着挑战美国电动汽车领导者的暗示。</blockquote></p><p> Ms. Barra can’t be blamed for trying to capture as much of the auto-tech excitement as she can, but it remains easier to connect the dots between the present and the future atElon Musk’s company. Whereas Tesla is already growing quickly thanks to popular EVs, GM has shrunk in recent years as part of a strategy of focusing on profits rather than revenues, and this summer it recalled all its Bolt EVs because of fire risks. More than big promises about a still-distant future, the company needs its next-generation flagship models, such as the Cadillac Lyriq due out next year, wowing consumers on the road.</p><p><blockquote>巴拉女士试图尽可能多地捕捉汽车技术的兴奋感,这并不能怪她,但将现在和未来的阿特隆-马斯克公司联系起来仍然更容易。尽管由于受欢迎的电动汽车,特斯拉已经在快速增长,但通用汽车近年来一直在萎缩,作为关注利润而不是收入战略的一部分,今年夏天,由于火灾风险,它召回了所有 Bolt 电动汽车。该公司不仅需要对遥远的未来做出巨大承诺,还需要下一代旗舰车型,例如将于明年推出的凯迪拉克 Lyriq,让公路上的消费者惊叹不已。</blockquote></p><p> The good news for investors is that none of GM’s growth hopes arebaked into its stock, which fell with the wider market on Wednesday and still trades at a modest eight times forward earnings. If even a small portion of the company’s new business plans bear fruit in the coming years, shareholders could still get a lift.</p><p><blockquote>对投资者来说,好消息是通用汽车的增长希望并未化为泡影,通用汽车的股价周三随大盘下跌,但其预期市盈率仍为 8 倍。即使公司新业务计划的一小部分在未来几年取得成果,股东仍有可能获得提升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a1d47c8b6a6e8e274ad3be847af9865f\" tg-width=\"739\" tg-height=\"322\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.wsj.com/articles/gm-needs-to-walk-the-tesla-talk-11633609360?mod=rss_markets_main\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GM":"通用汽车"},"source_url":"https://www.wsj.com/articles/gm-needs-to-walk-the-tesla-talk-11633609360?mod=rss_markets_main","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154944377","content_text":"The company laid down bullish financial targets at its latest investor conference, particularly for its autonomous taxi business.\n\nGM painted a wildly ambitious picture of growth at its much-anticipated 2021 investor conference. What investors really need from the company, though, isn’t more talk.\nOn Wednesday afternoon, the Detroit automotive giant kicked off its first big strategy event since the start of the pandemic by promising to double revenue and raise margins by 2030. These targets form the core of Chief Executive Mary Barra’s boldest bid yet to position GM as a growth-focused technology company rather than a mere manufacturer of light vehicles. As cars become theultimate mobile devices, she wants to be theAppleof the automotive industry, a “platform innovator” with more than $80 billion in revenue from “new businesses” at the end of the decade.\nThevision itselfwasn’t hugely surprising—Ford,Volkswagenand Chrysler-owner Stellantis have all talked upnew business opportunitiesin comparable investor days this year—but the numbers were. GM has made $138 billion of revenue annually in the past five years, on average. From that base, it expects roughly 5% annual growth from its traditional business of selling and financing light vehicles, including electric ones, and on top of that exponential growth in a range of complementary services that today mostly remain at the startup stage.\nBy far the most mature of these services is OnStar, which GM has built up over 25 years as a roadside-assistance service enabled by wireless technology. It probably accounts for the bulk of the $2 billion in high-margin revenue the company said it makes from subscriptions today. As onboard internet connections and operating systems move in line with the smartphone industry, GM expects that number to rise fast—to between $20 billion and $25 billion by 2030.\nThat bullish projection seems almost timid next to GM’s claims for Cruise, the San Francisco based autonomous-vehicle operation it bought in 2016. Dan Ammann, the former investment banker who has run the unit since 2019 and brought in Honda, SoftBank,MicrosoftandWalmartas minority shareholders, is hoping for $50 billion in revenue by the end of the decade. Cruise is still perfecting the notoriously challenging technology required to offer driverless taxi rides safely to consumers, yet Mr. Ammann expects things to take off after 2023.\nThis is this kind of aspirational futurology that has earned Tesla a cultish following and outsize stock-market valuation. Which is the point: GM’s event was laced with implicit references to challenging the U.S. EV leader.\nMs. Barra can’t be blamed for trying to capture as much of the auto-tech excitement as she can, but it remains easier to connect the dots between the present and the future atElon Musk’s company. Whereas Tesla is already growing quickly thanks to popular EVs, GM has shrunk in recent years as part of a strategy of focusing on profits rather than revenues, and this summer it recalled all its Bolt EVs because of fire risks. More than big promises about a still-distant future, the company needs its next-generation flagship models, such as the Cadillac Lyriq due out next year, wowing consumers on the road.\nThe good news for investors is that none of GM’s growth hopes arebaked into its stock, which fell with the wider market on Wednesday and still trades at a modest eight times forward earnings. If even a small portion of the company’s new business plans bear fruit in the coming years, shareholders could still get a lift.","news_type":1,"symbols_score_info":{"GM":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829260780,"gmtCreate":1633515342202,"gmtModify":1633515342386,"author":{"id":"3582955658777354","authorId":"3582955658777354","name":"CPLam","avatar":"https://static.tigerbbs.com/b60f94547aab59173fe6c47ba3e17cb3","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582955658777354","authorIdStr":"3582955658777354"},"themes":[],"title":"","htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/829260780","repostId":"1148090005","repostType":4,"repost":{"id":"1148090005","kind":"news","pubTimestamp":1633514811,"share":"https://www.laohunote.com/m/news/1148090005?lang=zh_CN&edition=full","pubTime":"2021-10-06 18:06","market":"us","language":"en","title":"BlackRock Is Adding Annuities to 401(k)s<blockquote>贝莱德正在将年金添加到 401(k)s</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148090005","media":"The Wall Street Journal","summary":"New retirement product will allow workers to receive stream of payments for the rest of their lives.","content":"<p> <b>New retirement product will allow workers to receive stream of payments for the rest of their lives.</b> <b><a href=\"https://laohu8.com/S/BLK\">BlackRock</a></b> is putting annuities in American workers’ 401(k)s.</p><p><blockquote><b>新的退休产品将允许工人在余生中获得付款流。</b><b><a href=\"https://laohu8.com/S/BLK\">贝莱德</a></b>将年金纳入美国工人的 401(k) 计划。</blockquote></p><p> The investment giant said five employers have signed up for a new retirement product that will allow workers toreceive a stream of paymentsfor the rest of their lives.</p><p><blockquote>这家投资巨头表示,五家雇主已经签署了一种新的退休产品,该产品将允许员工在余生中获得一系列付款。</blockquote></p><p> A small number of 401(k) plans currently incorporate annuities. Employers who offer retirement plans worry about annuities’ complexity and their cost—and about being sued if the insurer that stands behind the annuity fails to make payments. A 2019 law nowprotects many employers from legal liability.</p><p><blockquote>目前少数 401(k) 计划包含年金。提供退休计划的雇主担心年金的复杂性和成本,以及如果年金背后的保险公司不付款,他们会被起诉。2019年的一项法律现在保护许多雇主免于承担法律责任。</blockquote></p><p> BlackRock’s offering is one of the first from a major asset manager since the law passed. Workers at electric utility Tennessee Valley Authority and four other companies will have the new annuity product as the default option in their employee retiree plans. That means collectively around 100,000 U.S. employees with some $7.5 billion in workplace savings stand to eventually get annuities in 401(k)-type plans.</p><p><blockquote>贝莱德的发行是该法律通过以来大型资产管理公司的首批发行之一。田纳西河谷电力公司管理局和其他四家公司的员工将把新的年金产品作为员工退休计划的默认选项。这意味着总共约有 10 万名拥有约 75 亿美元工作场所储蓄的美国员工最终将通过 401(k) 型计划获得年金。</blockquote></p><p> The insurance industry has longpromoted annuities as important retirement vehicles; a saver who accumulated stocks and bonds could outlive her assets, but an annuity keeps paying until death. One problem that remains is cost: Since interest rates are very low, annuity buyers have to turn over a lot of cash up front for a relatively small payment, and fees can add up.</p><p><blockquote>保险业长期以来一直将年金作为重要的养老载体进行推广;积累股票和债券的储户可能会比她的资产寿命更长,但年金会一直支付到死亡。仍然存在的一个问题是成本:由于利率非常低,年金购买者必须预先交出大量现金来支付相对较少的款项,而且费用可能会增加。</blockquote></p><p> BlackRock, which has $9.5 trillion in assets, isn’t an insurance company; the annuities in its plan will be issued initially by insurers Brighthouse Financial Inc. andEquitable HoldingsInc.BlackRock says it aims to use its clout to negotiate cheaper group rates.</p><p><blockquote>拥有 9.5 万亿美元资产的贝莱德不是保险公司;其计划中的年金最初将由保险公司 Brighthouse Financial Inc. 和 andEquitable HoldingsInc. 发行。贝莱德表示,其目标是利用其影响力协商更便宜的团体费率。</blockquote></p><p> “We’re sitting between the end-individual and insurance companies, using our aggregation power to face off against the insurance company,” said Mark McCombe, BlackRock’s chief client officer.</p><p><blockquote>“贝莱德首席客户官马克-麦科姆(Mark McCombe)说:”我们站在最终个人和保险公司之间,利用我们的聚合力量与保险公司对抗。</blockquote></p><p> The annuities will be part of a new series of BlackRock target-date fund offerings.Target-date funds are the default waymany Americans save for retirement; U.S. target-date mutual fund assets totaled $1.78 trillion in August, according to Morningstar.</p><p><blockquote>年金将成为贝莱德新系列目标日期基金产品的一部分。目标日期基金是许多美国人为退休储蓄的默认方式;根据晨星公司的数据,8 月份美国目标日期共同基金资产总额为 1.78 万亿美元。</blockquote></p><p> Like other target-date funds, BlackRock’s new product will switch from a more stock-heavy to bond-heavy mix as individuals age. It will also invest over time in a pool of annuity contracts. In addition, savers can also use 30% of their 401(k) balance to purchase their own fixed annuity. They can make this choice between the ages of 59 and 72.</p><p><blockquote>与其他目标日期基金一样,随着个人年龄的增长,贝莱德的新产品将从以股票为主的组合转向以债券为主的组合。随着时间的推移,它还将投资于一系列年金合同。此外,储户还可以使用 401(k) 余额的 30% 购买自己的固定年金。他们可以在59岁到72岁之间做出这个选择。</blockquote></p><p> The new series of target-date funds, when offered through institutional accounts, will cost an employee roughly 0.1%, or $10 for every $10,000 managed. When the product starts to invest in group annuity contracts, the person’s fees would rise but be capped at 0.16%, according to BlackRock.</p><p><blockquote>新系列的目标日期基金,当通过机构账户提供时,将花费员工大约0.1%,即每管理10,000美元10美元。贝莱德表示,当产品开始投资团体年金合同时,个人的费用将会上升,但上限为 0.16%。</blockquote></p><p> Fixed annuities traditionally charge around 1% of the account value. The average expense ratio for target-date mutual funds is 0.34%, according to Morningstar.</p><p><blockquote>固定年金传统上收取账户价值的1%左右。根据晨星公司的数据,目标日期共同基金的平均费用率为 0.34%。</blockquote></p><p> BlackRock, which manages more than $350 billion in target-date assets, says it hopes to create mutual fund versions of the annuity offering in the future. Rival Vanguard Group, a major target-date fund provider, hasn’t put annuities into such funds.</p><p><blockquote>贝莱德管理着超过 3500 亿美元的目标日期资产,该公司表示希望未来创建共同基金版本的年金产品。竞争对手先锋集团(Vanguard Group)是一家主要的目标日期基金提供商,但尚未将年金投入此类基金。</blockquote></p><p> “We do not believe in adding a ‘one-size-fits-all’ annuity allocation,” the world’s No. 2 asset manager said late 2020.</p><p><blockquote>“这家全球第二大资产管理公司在 2020 年底表示:”我们不相信增加'一刀切'的年金配置。</blockquote></p><p> About a decade ago, BlackRock couldn’t get traction for a different retirement product that incorporated annuities. But a decade of ultralow interest rates and the continued decline of traditional pension plans have made outliving savings a bigger risk. More than 40% of households headed by people aged 55 through 70lack sufficient resources to maintain their living standard in retirement, according to a 2018 Wall Street Journal analysis.</p><p><blockquote>大约十年前,贝莱德还无法获得包含年金的不同退休产品的吸引力。但十年的超低利率和传统养老金计划的持续衰落使得过期储蓄面临更大的风险。根据《华尔街日报》2018 年的一项分析,超过 40% 的 55 岁至 70 岁人群户主的家庭缺乏足够的资源来维持退休后的生活水平。</blockquote></p><p> At a 2018 meeting of top executives, BlackRock Chief Executive Larry Fink asked the firm to address the looming retirement problem, according to people familiar with the matter. Shortly after, BlackRock launched Project Otto, named for Otto von Bismarck, the German chancellor who created a national pension scheme in 1880s.</p><p><blockquote>据知情人士透露,在 2018 年的一次高管会议上,贝莱德首席执行官拉里·芬克 (Larry Fink) 要求公司解决迫在眉睫的退休问题。不久之后,贝莱德推出了奥托计划,以19世纪80年代创建国家养老金计划的德国总理奥托·冯·俾斯麦的名字命名。</blockquote></p><p> Over the years, BlackRock lobbied for legislation that would make companies more comfortable incorporating annuities in 401(k)-type plans.</p><p><blockquote>多年来,贝莱德一直在游说立法,让公司更愿意将年金纳入 401(k) 型计划。</blockquote></p><p> In 2019, BlackRock approached insurance firms as potential annuity providers for a new retirement product. BlackRock asked that insurers only be paid through the spread between yields they generated by investing the buyers’ money and the monthly payouts they make to annuity holders.</p><p><blockquote>2019 年,贝莱德与保险公司接洽,作为新退休产品的潜在年金提供商。贝莱德要求保险公司只能通过投资买家的资金所产生的收益率与每月向年金持有人支付的款项之间的差价来获得报酬。</blockquote></p><p> “Some, maybe more than others, understood what we were trying to achieve,” said Anne Ackerley, the head of BlackRock’s retirement group.</p><p><blockquote>“贝莱德退休小组负责人安妮-阿克利(Anne Ackerley)说:”有些人,也许比其他人更了解我们想要实现的目标。</blockquote></p><p> BlackRock said that plan participants won’t pay commissions, sales loads or distribution fees for the annuities.</p><p><blockquote>贝莱德表示,计划参与者无需为年金支付佣金、销售费用或分销费用。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlackRock Is Adding Annuities to 401(k)s<blockquote>贝莱德正在将年金添加到 401(k)s</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\">\nBlackRock Is Adding Annuities to 401(k)s<blockquote>贝莱德正在将年金添加到 401(k)s</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-10-06 18:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p> <b>New retirement product will allow workers to receive stream of payments for the rest of their lives.</b> <b><a href=\"https://laohu8.com/S/BLK\">BlackRock</a></b> is putting annuities in American workers’ 401(k)s.</p><p><blockquote><b>新的退休产品将允许工人在余生中获得付款流。</b><b><a href=\"https://laohu8.com/S/BLK\">贝莱德</a></b>将年金纳入美国工人的 401(k) 计划。</blockquote></p><p> The investment giant said five employers have signed up for a new retirement product that will allow workers toreceive a stream of paymentsfor the rest of their lives.</p><p><blockquote>这家投资巨头表示,五家雇主已经签署了一种新的退休产品,该产品将允许员工在余生中获得一系列付款。</blockquote></p><p> A small number of 401(k) plans currently incorporate annuities. Employers who offer retirement plans worry about annuities’ complexity and their cost—and about being sued if the insurer that stands behind the annuity fails to make payments. A 2019 law nowprotects many employers from legal liability.</p><p><blockquote>目前少数 401(k) 计划包含年金。提供退休计划的雇主担心年金的复杂性和成本,以及如果年金背后的保险公司不付款,他们会被起诉。2019年的一项法律现在保护许多雇主免于承担法律责任。</blockquote></p><p> BlackRock’s offering is one of the first from a major asset manager since the law passed. Workers at electric utility Tennessee Valley Authority and four other companies will have the new annuity product as the default option in their employee retiree plans. That means collectively around 100,000 U.S. employees with some $7.5 billion in workplace savings stand to eventually get annuities in 401(k)-type plans.</p><p><blockquote>贝莱德的发行是该法律通过以来大型资产管理公司的首批发行之一。田纳西河谷电力公司管理局和其他四家公司的员工将把新的年金产品作为员工退休计划的默认选项。这意味着总共约有 10 万名拥有约 75 亿美元工作场所储蓄的美国员工最终将通过 401(k) 型计划获得年金。</blockquote></p><p> The insurance industry has longpromoted annuities as important retirement vehicles; a saver who accumulated stocks and bonds could outlive her assets, but an annuity keeps paying until death. One problem that remains is cost: Since interest rates are very low, annuity buyers have to turn over a lot of cash up front for a relatively small payment, and fees can add up.</p><p><blockquote>保险业长期以来一直将年金作为重要的养老载体进行推广;积累股票和债券的储户可能会比她的资产寿命更长,但年金会一直支付到死亡。仍然存在的一个问题是成本:由于利率非常低,年金购买者必须预先交出大量现金来支付相对较少的款项,而且费用可能会增加。</blockquote></p><p> BlackRock, which has $9.5 trillion in assets, isn’t an insurance company; the annuities in its plan will be issued initially by insurers Brighthouse Financial Inc. andEquitable HoldingsInc.BlackRock says it aims to use its clout to negotiate cheaper group rates.</p><p><blockquote>拥有 9.5 万亿美元资产的贝莱德不是保险公司;其计划中的年金最初将由保险公司 Brighthouse Financial Inc. 和 andEquitable HoldingsInc. 发行。贝莱德表示,其目标是利用其影响力协商更便宜的团体费率。</blockquote></p><p> “We’re sitting between the end-individual and insurance companies, using our aggregation power to face off against the insurance company,” said Mark McCombe, BlackRock’s chief client officer.</p><p><blockquote>“贝莱德首席客户官马克-麦科姆(Mark McCombe)说:”我们站在最终个人和保险公司之间,利用我们的聚合力量与保险公司对抗。</blockquote></p><p> The annuities will be part of a new series of BlackRock target-date fund offerings.Target-date funds are the default waymany Americans save for retirement; U.S. target-date mutual fund assets totaled $1.78 trillion in August, according to Morningstar.</p><p><blockquote>年金将成为贝莱德新系列目标日期基金产品的一部分。目标日期基金是许多美国人为退休储蓄的默认方式;根据晨星公司的数据,8 月份美国目标日期共同基金资产总额为 1.78 万亿美元。</blockquote></p><p> Like other target-date funds, BlackRock’s new product will switch from a more stock-heavy to bond-heavy mix as individuals age. It will also invest over time in a pool of annuity contracts. In addition, savers can also use 30% of their 401(k) balance to purchase their own fixed annuity. They can make this choice between the ages of 59 and 72.</p><p><blockquote>与其他目标日期基金一样,随着个人年龄的增长,贝莱德的新产品将从以股票为主的组合转向以债券为主的组合。随着时间的推移,它还将投资于一系列年金合同。此外,储户还可以使用 401(k) 余额的 30% 购买自己的固定年金。他们可以在59岁到72岁之间做出这个选择。</blockquote></p><p> The new series of target-date funds, when offered through institutional accounts, will cost an employee roughly 0.1%, or $10 for every $10,000 managed. When the product starts to invest in group annuity contracts, the person’s fees would rise but be capped at 0.16%, according to BlackRock.</p><p><blockquote>新系列的目标日期基金,当通过机构账户提供时,将花费员工大约0.1%,即每管理10,000美元10美元。贝莱德表示,当产品开始投资团体年金合同时,个人的费用将会上升,但上限为 0.16%。</blockquote></p><p> Fixed annuities traditionally charge around 1% of the account value. The average expense ratio for target-date mutual funds is 0.34%, according to Morningstar.</p><p><blockquote>固定年金传统上收取账户价值的1%左右。根据晨星公司的数据,目标日期共同基金的平均费用率为 0.34%。</blockquote></p><p> BlackRock, which manages more than $350 billion in target-date assets, says it hopes to create mutual fund versions of the annuity offering in the future. Rival Vanguard Group, a major target-date fund provider, hasn’t put annuities into such funds.</p><p><blockquote>贝莱德管理着超过 3500 亿美元的目标日期资产,该公司表示希望未来创建共同基金版本的年金产品。竞争对手先锋集团(Vanguard Group)是一家主要的目标日期基金提供商,但尚未将年金投入此类基金。</blockquote></p><p> “We do not believe in adding a ‘one-size-fits-all’ annuity allocation,” the world’s No. 2 asset manager said late 2020.</p><p><blockquote>“这家全球第二大资产管理公司在 2020 年底表示:”我们不相信增加'一刀切'的年金配置。</blockquote></p><p> About a decade ago, BlackRock couldn’t get traction for a different retirement product that incorporated annuities. But a decade of ultralow interest rates and the continued decline of traditional pension plans have made outliving savings a bigger risk. More than 40% of households headed by people aged 55 through 70lack sufficient resources to maintain their living standard in retirement, according to a 2018 Wall Street Journal analysis.</p><p><blockquote>大约十年前,贝莱德还无法获得包含年金的不同退休产品的吸引力。但十年的超低利率和传统养老金计划的持续衰落使得过期储蓄面临更大的风险。根据《华尔街日报》2018 年的一项分析,超过 40% 的 55 岁至 70 岁人群户主的家庭缺乏足够的资源来维持退休后的生活水平。</blockquote></p><p> At a 2018 meeting of top executives, BlackRock Chief Executive Larry Fink asked the firm to address the looming retirement problem, according to people familiar with the matter. Shortly after, BlackRock launched Project Otto, named for Otto von Bismarck, the German chancellor who created a national pension scheme in 1880s.</p><p><blockquote>据知情人士透露,在 2018 年的一次高管会议上,贝莱德首席执行官拉里·芬克 (Larry Fink) 要求公司解决迫在眉睫的退休问题。不久之后,贝莱德推出了奥托计划,以19世纪80年代创建国家养老金计划的德国总理奥托·冯·俾斯麦的名字命名。</blockquote></p><p> Over the years, BlackRock lobbied for legislation that would make companies more comfortable incorporating annuities in 401(k)-type plans.</p><p><blockquote>多年来,贝莱德一直在游说立法,让公司更愿意将年金纳入 401(k) 型计划。</blockquote></p><p> In 2019, BlackRock approached insurance firms as potential annuity providers for a new retirement product. BlackRock asked that insurers only be paid through the spread between yields they generated by investing the buyers’ money and the monthly payouts they make to annuity holders.</p><p><blockquote>2019 年,贝莱德与保险公司接洽,作为新退休产品的潜在年金提供商。贝莱德要求保险公司只能通过投资买家的资金所产生的收益率与每月向年金持有人支付的款项之间的差价来获得报酬。</blockquote></p><p> “Some, maybe more than others, understood what we were trying to achieve,” said Anne Ackerley, the head of BlackRock’s retirement group.</p><p><blockquote>“贝莱德退休小组负责人安妮-阿克利(Anne Ackerley)说:”有些人,也许比其他人更了解我们想要实现的目标。</blockquote></p><p> BlackRock said that plan participants won’t pay commissions, sales loads or distribution fees for the annuities.</p><p><blockquote>贝莱德表示,计划参与者无需为年金支付佣金、销售费用或分销费用。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.wsj.com/articles/blackrock-is-adding-annuities-to-401-k-s-11633512600?mod=markets_lead_pos3\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BLK":"贝莱德"},"source_url":"https://www.wsj.com/articles/blackrock-is-adding-annuities-to-401-k-s-11633512600?mod=markets_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148090005","content_text":"New retirement product will allow workers to receive stream of payments for the rest of their lives.\n\nBlackRock is putting annuities in American workers’ 401(k)s.\nThe investment giant said five employers have signed up for a new retirement product that will allow workers toreceive a stream of paymentsfor the rest of their lives.\nA small number of 401(k) plans currently incorporate annuities. Employers who offer retirement plans worry about annuities’ complexity and their cost—and about being sued if the insurer that stands behind the annuity fails to make payments. A 2019 law nowprotects many employers from legal liability.\nBlackRock’s offering is one of the first from a major asset manager since the law passed. Workers at electric utility Tennessee Valley Authority and four other companies will have the new annuity product as the default option in their employee retiree plans. That means collectively around 100,000 U.S. employees with some $7.5 billion in workplace savings stand to eventually get annuities in 401(k)-type plans.\nThe insurance industry has longpromoted annuities as important retirement vehicles; a saver who accumulated stocks and bonds could outlive her assets, but an annuity keeps paying until death. One problem that remains is cost: Since interest rates are very low, annuity buyers have to turn over a lot of cash up front for a relatively small payment, and fees can add up.\nBlackRock, which has $9.5 trillion in assets, isn’t an insurance company; the annuities in its plan will be issued initially by insurers Brighthouse Financial Inc. andEquitable HoldingsInc.BlackRock says it aims to use its clout to negotiate cheaper group rates.\n“We’re sitting between the end-individual and insurance companies, using our aggregation power to face off against the insurance company,” said Mark McCombe, BlackRock’s chief client officer.\nThe annuities will be part of a new series of BlackRock target-date fund offerings.Target-date funds are the default waymany Americans save for retirement; U.S. target-date mutual fund assets totaled $1.78 trillion in August, according to Morningstar.\nLike other target-date funds, BlackRock’s new product will switch from a more stock-heavy to bond-heavy mix as individuals age. It will also invest over time in a pool of annuity contracts. In addition, savers can also use 30% of their 401(k) balance to purchase their own fixed annuity. They can make this choice between the ages of 59 and 72.\nThe new series of target-date funds, when offered through institutional accounts, will cost an employee roughly 0.1%, or $10 for every $10,000 managed. When the product starts to invest in group annuity contracts, the person’s fees would rise but be capped at 0.16%, according to BlackRock.\nFixed annuities traditionally charge around 1% of the account value. The average expense ratio for target-date mutual funds is 0.34%, according to Morningstar.\nBlackRock, which manages more than $350 billion in target-date assets, says it hopes to create mutual fund versions of the annuity offering in the future. Rival Vanguard Group, a major target-date fund provider, hasn’t put annuities into such funds.\n“We do not believe in adding a ‘one-size-fits-all’ annuity allocation,” the world’s No. 2 asset manager said late 2020.\nAbout a decade ago, BlackRock couldn’t get traction for a different retirement product that incorporated annuities. But a decade of ultralow interest rates and the continued decline of traditional pension plans have made outliving savings a bigger risk. More than 40% of households headed by people aged 55 through 70lack sufficient resources to maintain their living standard in retirement, according to a 2018 Wall Street Journal analysis.\nAt a 2018 meeting of top executives, BlackRock Chief Executive Larry Fink asked the firm to address the looming retirement problem, according to people familiar with the matter. Shortly after, BlackRock launched Project Otto, named for Otto von Bismarck, the German chancellor who created a national pension scheme in 1880s.\nOver the years, BlackRock lobbied for legislation that would make companies more comfortable incorporating annuities in 401(k)-type plans.\nIn 2019, BlackRock approached insurance firms as potential annuity providers for a new retirement product. BlackRock asked that insurers only be paid through the spread between yields they generated by investing the buyers’ money and the monthly payouts they make to annuity holders.\n“Some, maybe more than others, understood what we were trying to achieve,” said Anne Ackerley, the head of BlackRock’s retirement group.\nBlackRock said that plan participants won’t pay commissions, sales loads or distribution fees for the annuities.","news_type":1,"symbols_score_info":{"BLK":0.9}},"isVote":1,"tweetType":1,"viewCount":3607,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820965337,"gmtCreate":1633342757962,"gmtModify":1633342758144,"author":{"id":"3582955658777354","authorId":"3582955658777354","name":"CPLam","avatar":"https://static.tigerbbs.com/b60f94547aab59173fe6c47ba3e17cb3","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582955658777354","authorIdStr":"3582955658777354"},"themes":[],"title":"","htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/820965337","repostId":"1145326625","repostType":4,"repost":{"id":"1145326625","kind":"news","pubTimestamp":1633340927,"share":"https://www.laohunote.com/m/news/1145326625?lang=zh_CN&edition=full","pubTime":"2021-10-04 17:48","market":"us","language":"en","title":"Nike, Under Armour and others face supply problems in Vietnam<blockquote>耐克、安德玛等公司在越南面临供应问题</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145326625","media":"CNN","summary":"New York (CNN)Surging shopper demand coupled with shipping container shortages and bottlenecks at po","content":"<p>New York (CNN)Surging shopper demand coupled with shipping container shortages and bottlenecks at ports have already triggered tighter supply of products, from cars to shoes.</p><p><blockquote>纽约(CNN)购物者需求激增,加上集装箱短缺和港口瓶颈,已经引发了从汽车到鞋子等产品的供应紧张。</blockquote></p><p> In particular, some of America's biggest sellers of clothing and shoes cite one catalyst that has compounded the pressure: factory closures in Vietnam stemming from a second wave of the coronavirus outbreak there. That's led brands from PacSun to Nike to warn about the effects on their supply.</p><p><blockquote>特别是,美国一些最大的服装和鞋类销售商列举了一个加剧压力的催化剂:越南工厂因第二波冠状病毒爆发而关闭。这导致从 PacSun 到 Nike 等品牌警告称这将对其供应产生影响。</blockquote></p><p> In late September, Nike (NKE) cut its full-year sales outlook due to supply chain issues, despite its CEO noting strong consumer demand.</p><p><blockquote>9 月下旬,耐克 (NKE) 因供应链问题下调了全年销售预期,尽管其首席执行官指出消费者需求强劲。</blockquote></p><p> Nike makes about three-quarters of its shoes in Southeast Asia, with 51% and 24% of manufacturing in Vietnam and Indonesia respectively.</p><p><blockquote>耐克大约四分之三的鞋子在东南亚生产,越南和印度尼西亚分别占51%和24%。</blockquote></p><p> But as the Vietnam government imposed pandemic-related restrictions, including a mandatory shutdown of factories for several weeks from July into September, Nike said it incurred 10 weeks of lost production.</p><p><blockquote>但随着越南政府实施与大流行相关的限制,包括从 7 月到 9 月强制关闭工厂数周,耐克表示,它遭受了 10 周的生产损失。</blockquote></p><p> Even when factories start to reopen, which the company expects to happen in phases beginning in October, ramping up to full production could take several months, Nike's chief financial officer Matthew Friend said in a recent earnings call. Half of Nike's clothing factories in Vietnam are currently closed, company executives said during that call.</p><p><blockquote>耐克首席财务官马修·弗兰德 (Matthew Friend) 在最近的财报看涨期权中表示,即使工厂开始重新开放(该公司预计将从 10 月份开始分阶段重新开放),达到满负荷生产也可能需要几个月的时间。耐克高管在看涨期权上表示,耐克在越南的一半服装厂目前已经关闭。</blockquote></p><p> Vietnam accounts for a third of sports brand Under Armour's footwear and clothing production. Under Armour (UA)'s CEO Patrik Frisk said during its most recent earnings call in August that it was closely monitoring impact of factory shutdowns there on its supply chain there, calling it a \"developing situation.\"</p><p><blockquote>越南占运动品牌安德玛鞋类和服装产量的三分之一。Under Armour (UA) 首席执行官 Patrik Frisk 在 8 月份最近一次财报看涨期权上表示,该公司正在密切关注当地工厂关闭对其供应链的影响,称其为“不断发展的情况”。</blockquote></p><p> Ugg, Coach and Michael Kors have exposure</p><p><blockquote>Ugg、Coach 和 Michael Kors 曝光</blockquote></p><p> Vietnam is a crucial supplier to the US in particular for apparel and footwear.</p><p><blockquote>越南是美国的重要供应商,尤其是服装和鞋类。</blockquote></p><p> \"It's a very big partner of the United States. It's our second largest source of apparel and footwear,\" said Steve Lamar, president and CEO of the American Apparel and Footwear Association, an industry group. China is the largest supplier of clothing and shoes, according to the AAFA.</p><p><blockquote>“它是美国非常大的合作伙伴。它是我们服装和鞋类的第二大来源,”行业组织美国服装和鞋类协会的总裁兼首席执行官史蒂夫·拉马尔说。根据AAFA的数据,中国是最大的服装和鞋类供应国。</blockquote></p><p> In July, Vietnam was caught in the throes of a coronavirus outbreak caused by a suspected new variant of the virus, which Vietnam's health minister said led to a fast spread of new infections in the nation's industrial zones.</p><p><blockquote>7月,越南陷入了由疑似病毒新变种引起的冠状病毒爆发的阵痛,越南卫生部长表示,这导致新感染在该国工业区迅速传播。</blockquote></p><p> The government subsequently imposed strict lockdowns and temporarily shut factories there until mid-August, then extended it into September. Some factories are still closed.</p><p><blockquote>政府随后实施了严格的封锁,并暂时关闭了那里的工厂,直到8月中旬,然后延长到9月。一些工厂仍然关闭。</blockquote></p><p> All of this means that production for everything from sneakers and sandals to jeans, dresses, T-shirts, jackets and more is stalled.</p><p><blockquote>所有这些都意味着,从运动鞋、凉鞋到牛仔裤、连衣裙、T恤、夹克等各种产品的生产都陷入停滞。</blockquote></p><p> In a research note last month, BITG analyst Camilo Lyon said athletic footwear brands such as Nike and Adidas are most at risk of having serious supply chain disruptions because \"Vietnam has served as a strong manufacturing alternative to China in recent years.\"</p><p><blockquote>BITG 分析师卡米洛·里昂 (Camilo Lyon) 在上个月的一份研究报告中表示,耐克和阿迪达斯等运动鞋品牌最有可能出现严重的供应链中断,因为“近年来,越南一直是中国强大的制造业替代品。”</blockquote></p><p> Other brands that have significant manufacturing exposure to Vietnam, he said, include Ugg maker Deckers Outdoor (DECK), Columbia Sportswear, Coach parent Tapestry (TPR) and Capri Holdings (which owns the Michael Kors brand).</p><p><blockquote>他说,其他在越南有大量制造业务的品牌包括 Ugg 制造商 Deckers Outdoor (DECK)、Columbia Sportswear、Coach 母公司 Tapestry (TPR) 和 Capri Holdings(拥有 Michael Kors 品牌)。</blockquote></p><p> Lyon estimates it may take five to six months for factories in Vietnam to be back up and running normally when the lockdown ends. And whenever they do come back on line, he anticipates another issue: staffing.</p><p><blockquote>里昂估计,封锁结束后,越南的工厂可能需要五到六个月的时间才能恢复正常运行。每当他们重新上线时,他都会预料到另一个问题:人员配备。</blockquote></p><p> \"Vietnamese factories will also likely have trouble getting workers to come back to work post-lockdown,\" he said.</p><p><blockquote>“越南工厂在封锁后也可能难以让工人重返工作岗位,”他说。</blockquote></p><p> Teen retailer PacSun is expecting an impact to the holiday season.</p><p><blockquote>青少年零售商PacSun预计会对假期产生影响。</blockquote></p><p> Brieane Olson, president of PacSun, said in an interview in August with CNNBusiness that about 10% of its goods are sourced from Vietnam.</p><p><blockquote>PacSun 总裁 Brieane Olson 在 8 月份接受 CNNBusiness 采访时表示,其约 10% 的商品来自越南。</blockquote></p><p> Olson said the retailer was already dealing with a two-to-four week delay for its back-to-school inventory this year because of the ongoing global supply chain delays.</p><p><blockquote>奥尔森表示,由于全球供应链持续延误,该零售商今年的返校库存已经被推迟两到四周。</blockquote></p><p> Now, she said, new products for the winter and holiday season is likely to also face another four-week delay, she said, making it a challenge to get new fashions and styles in jeans, tops, sweaters and sweatshirts into stores in a timely manner.</p><p><blockquote>她说,现在,冬季和假日季节的新产品也可能面临四周的延迟,这使得及时将牛仔裤、上衣、毛衣和运动衫的新时尚和款式进入商店成为一项挑战。</blockquote></p><p> And there's an additional effect on the consumer, Olson said: Having less product means the retailer will pull back on discounts \"because there is no need for it,\" she said.</p><p><blockquote>奥尔森说,这对消费者还有一个额外的影响:产品减少意味着零售商将减少折扣,“因为没有必要”,她说。</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>Nike, Under Armour and others face supply problems in Vietnam<blockquote>耐克、安德玛等公司在越南面临供应问题</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; 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That's led brands from PacSun to Nike to warn about the effects on their supply.</p><p><blockquote>特别是,美国一些最大的服装和鞋类销售商列举了一个加剧压力的催化剂:越南工厂因第二波冠状病毒爆发而关闭。这导致从 PacSun 到 Nike 等品牌警告称这将对其供应产生影响。</blockquote></p><p> In late September, Nike (NKE) cut its full-year sales outlook due to supply chain issues, despite its CEO noting strong consumer demand.</p><p><blockquote>9 月下旬,耐克 (NKE) 因供应链问题下调了全年销售预期,尽管其首席执行官指出消费者需求强劲。</blockquote></p><p> Nike makes about three-quarters of its shoes in Southeast Asia, with 51% and 24% of manufacturing in Vietnam and Indonesia respectively.</p><p><blockquote>耐克大约四分之三的鞋子在东南亚生产,越南和印度尼西亚分别占51%和24%。</blockquote></p><p> But as the Vietnam government imposed pandemic-related restrictions, including a mandatory shutdown of factories for several weeks from July into September, Nike said it incurred 10 weeks of lost production.</p><p><blockquote>但随着越南政府实施与大流行相关的限制,包括从 7 月到 9 月强制关闭工厂数周,耐克表示,它遭受了 10 周的生产损失。</blockquote></p><p> Even when factories start to reopen, which the company expects to happen in phases beginning in October, ramping up to full production could take several months, Nike's chief financial officer Matthew Friend said in a recent earnings call. Half of Nike's clothing factories in Vietnam are currently closed, company executives said during that call.</p><p><blockquote>耐克首席财务官马修·弗兰德 (Matthew Friend) 在最近的财报看涨期权中表示,即使工厂开始重新开放(该公司预计将从 10 月份开始分阶段重新开放),达到满负荷生产也可能需要几个月的时间。耐克高管在看涨期权上表示,耐克在越南的一半服装厂目前已经关闭。</blockquote></p><p> Vietnam accounts for a third of sports brand Under Armour's footwear and clothing production. Under Armour (UA)'s CEO Patrik Frisk said during its most recent earnings call in August that it was closely monitoring impact of factory shutdowns there on its supply chain there, calling it a \"developing situation.\"</p><p><blockquote>越南占运动品牌安德玛鞋类和服装产量的三分之一。Under Armour (UA) 首席执行官 Patrik Frisk 在 8 月份最近一次财报看涨期权上表示,该公司正在密切关注当地工厂关闭对其供应链的影响,称其为“不断发展的情况”。</blockquote></p><p> Ugg, Coach and Michael Kors have exposure</p><p><blockquote>Ugg、Coach 和 Michael Kors 曝光</blockquote></p><p> Vietnam is a crucial supplier to the US in particular for apparel and footwear.</p><p><blockquote>越南是美国的重要供应商,尤其是服装和鞋类。</blockquote></p><p> \"It's a very big partner of the United States. It's our second largest source of apparel and footwear,\" said Steve Lamar, president and CEO of the American Apparel and Footwear Association, an industry group. China is the largest supplier of clothing and shoes, according to the AAFA.</p><p><blockquote>“它是美国非常大的合作伙伴。它是我们服装和鞋类的第二大来源,”行业组织美国服装和鞋类协会的总裁兼首席执行官史蒂夫·拉马尔说。根据AAFA的数据,中国是最大的服装和鞋类供应国。</blockquote></p><p> In July, Vietnam was caught in the throes of a coronavirus outbreak caused by a suspected new variant of the virus, which Vietnam's health minister said led to a fast spread of new infections in the nation's industrial zones.</p><p><blockquote>7月,越南陷入了由疑似病毒新变种引起的冠状病毒爆发的阵痛,越南卫生部长表示,这导致新感染在该国工业区迅速传播。</blockquote></p><p> The government subsequently imposed strict lockdowns and temporarily shut factories there until mid-August, then extended it into September. Some factories are still closed.</p><p><blockquote>政府随后实施了严格的封锁,并暂时关闭了那里的工厂,直到8月中旬,然后延长到9月。一些工厂仍然关闭。</blockquote></p><p> All of this means that production for everything from sneakers and sandals to jeans, dresses, T-shirts, jackets and more is stalled.</p><p><blockquote>所有这些都意味着,从运动鞋、凉鞋到牛仔裤、连衣裙、T恤、夹克等各种产品的生产都陷入停滞。</blockquote></p><p> In a research note last month, BITG analyst Camilo Lyon said athletic footwear brands such as Nike and Adidas are most at risk of having serious supply chain disruptions because \"Vietnam has served as a strong manufacturing alternative to China in recent years.\"</p><p><blockquote>BITG 分析师卡米洛·里昂 (Camilo Lyon) 在上个月的一份研究报告中表示,耐克和阿迪达斯等运动鞋品牌最有可能出现严重的供应链中断,因为“近年来,越南一直是中国强大的制造业替代品。”</blockquote></p><p> Other brands that have significant manufacturing exposure to Vietnam, he said, include Ugg maker Deckers Outdoor (DECK), Columbia Sportswear, Coach parent Tapestry (TPR) and Capri Holdings (which owns the Michael Kors brand).</p><p><blockquote>他说,其他在越南有大量制造业务的品牌包括 Ugg 制造商 Deckers Outdoor (DECK)、Columbia Sportswear、Coach 母公司 Tapestry (TPR) 和 Capri Holdings(拥有 Michael Kors 品牌)。</blockquote></p><p> Lyon estimates it may take five to six months for factories in Vietnam to be back up and running normally when the lockdown ends. And whenever they do come back on line, he anticipates another issue: staffing.</p><p><blockquote>里昂估计,封锁结束后,越南的工厂可能需要五到六个月的时间才能恢复正常运行。每当他们重新上线时,他都会预料到另一个问题:人员配备。</blockquote></p><p> \"Vietnamese factories will also likely have trouble getting workers to come back to work post-lockdown,\" he said.</p><p><blockquote>“越南工厂在封锁后也可能难以让工人重返工作岗位,”他说。</blockquote></p><p> Teen retailer PacSun is expecting an impact to the holiday season.</p><p><blockquote>青少年零售商PacSun预计会对假期产生影响。</blockquote></p><p> Brieane Olson, president of PacSun, said in an interview in August with CNNBusiness that about 10% of its goods are sourced from Vietnam.</p><p><blockquote>PacSun 总裁 Brieane Olson 在 8 月份接受 CNNBusiness 采访时表示,其约 10% 的商品来自越南。</blockquote></p><p> Olson said the retailer was already dealing with a two-to-four week delay for its back-to-school inventory this year because of the ongoing global supply chain delays.</p><p><blockquote>奥尔森表示,由于全球供应链持续延误,该零售商今年的返校库存已经被推迟两到四周。</blockquote></p><p> Now, she said, new products for the winter and holiday season is likely to also face another four-week delay, she said, making it a challenge to get new fashions and styles in jeans, tops, sweaters and sweatshirts into stores in a timely manner.</p><p><blockquote>她说,现在,冬季和假日季节的新产品也可能面临四周的延迟,这使得及时将牛仔裤、上衣、毛衣和运动衫的新时尚和款式进入商店成为一项挑战。</blockquote></p><p> And there's an additional effect on the consumer, Olson said: Having less product means the retailer will pull back on discounts \"because there is no need for it,\" she said.</p><p><blockquote>奥尔森说,这对消费者还有一个额外的影响:产品减少意味着零售商将减少折扣,“因为没有必要”,她说。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://edition.cnn.com/2021/10/02/business/vietnam-supply-chain-disruptions/index.html\">CNN</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TPR":"Tapestry Inc.","CPRI":"Capri Holdings Ltd","DECK":"Deckers Outdoor Corporation","NKE":"耐克"},"source_url":"https://edition.cnn.com/2021/10/02/business/vietnam-supply-chain-disruptions/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145326625","content_text":"New York (CNN)Surging shopper demand coupled with shipping container shortages and bottlenecks at ports have already triggered tighter supply of products, from cars to shoes.\nIn particular, some of America's biggest sellers of clothing and shoes cite one catalyst that has compounded the pressure: factory closures in Vietnam stemming from a second wave of the coronavirus outbreak there. That's led brands from PacSun to Nike to warn about the effects on their supply.\nIn late September, Nike (NKE) cut its full-year sales outlook due to supply chain issues, despite its CEO noting strong consumer demand.\nNike makes about three-quarters of its shoes in Southeast Asia, with 51% and 24% of manufacturing in Vietnam and Indonesia respectively.\nBut as the Vietnam government imposed pandemic-related restrictions, including a mandatory shutdown of factories for several weeks from July into September, Nike said it incurred 10 weeks of lost production.\nEven when factories start to reopen, which the company expects to happen in phases beginning in October, ramping up to full production could take several months, Nike's chief financial officer Matthew Friend said in a recent earnings call. Half of Nike's clothing factories in Vietnam are currently closed, company executives said during that call.\nVietnam accounts for a third of sports brand Under Armour's footwear and clothing production. Under Armour (UA)'s CEO Patrik Frisk said during its most recent earnings call in August that it was closely monitoring impact of factory shutdowns there on its supply chain there, calling it a \"developing situation.\"\nUgg, Coach and Michael Kors have exposure\nVietnam is a crucial supplier to the US in particular for apparel and footwear.\n\"It's a very big partner of the United States. It's our second largest source of apparel and footwear,\" said Steve Lamar, president and CEO of the American Apparel and Footwear Association, an industry group. China is the largest supplier of clothing and shoes, according to the AAFA.\nIn July, Vietnam was caught in the throes of a coronavirus outbreak caused by a suspected new variant of the virus, which Vietnam's health minister said led to a fast spread of new infections in the nation's industrial zones.\nThe government subsequently imposed strict lockdowns and temporarily shut factories there until mid-August, then extended it into September. Some factories are still closed.\nAll of this means that production for everything from sneakers and sandals to jeans, dresses, T-shirts, jackets and more is stalled.\nIn a research note last month, BITG analyst Camilo Lyon said athletic footwear brands such as Nike and Adidas are most at risk of having serious supply chain disruptions because \"Vietnam has served as a strong manufacturing alternative to China in recent years.\"\nOther brands that have significant manufacturing exposure to Vietnam, he said, include Ugg maker Deckers Outdoor (DECK), Columbia Sportswear, Coach parent Tapestry (TPR) and Capri Holdings (which owns the Michael Kors brand).\nLyon estimates it may take five to six months for factories in Vietnam to be back up and running normally when the lockdown ends. And whenever they do come back on line, he anticipates another issue: staffing.\n\"Vietnamese factories will also likely have trouble getting workers to come back to work post-lockdown,\" he said.\nTeen retailer PacSun is expecting an impact to the holiday season.\nBrieane Olson, president of PacSun, said in an interview in August with CNNBusiness that about 10% of its goods are sourced from Vietnam.\nOlson said the retailer was already dealing with a two-to-four week delay for its back-to-school inventory this year because of the ongoing global supply chain delays.\nNow, she said, new products for the winter and holiday season is likely to also face another four-week delay, she said, making it a challenge to get new fashions and styles in jeans, tops, sweaters and sweatshirts into stores in a timely manner.\nAnd there's an additional effect on the consumer, Olson said: Having less product means the retailer will pull back on discounts \"because there is no need for it,\" she said.","news_type":1,"symbols_score_info":{"DECK":0.9,"TPR":0.9,"NKE":0.9,"CPRI":0.9}},"isVote":1,"tweetType":1,"viewCount":2691,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867806124,"gmtCreate":1633232761890,"gmtModify":1633232762017,"author":{"id":"3582955658777354","authorId":"3582955658777354","name":"CPLam","avatar":"https://static.tigerbbs.com/b60f94547aab59173fe6c47ba3e17cb3","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582955658777354","authorIdStr":"3582955658777354"},"themes":[],"title":"","htmlText":"[微笑] ","listText":"[微笑] 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","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/869535456","repostId":"1135042460","repostType":4,"isVote":1,"tweetType":1,"viewCount":4907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":869995973,"gmtCreate":1632233505192,"gmtModify":1632801889542,"author":{"id":"3582955658777354","authorId":"3582955658777354","name":"CPLam","avatar":"https://static.tigerbbs.com/b60f94547aab59173fe6c47ba3e17cb3","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582955658777354","authorIdStr":"3582955658777354"},"themes":[],"title":"","htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/869995973","repostId":"1165739145","repostType":4,"repost":{"id":"1165739145","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632231054,"share":"https://www.laohunote.com/m/news/1165739145?lang=zh_CN&edition=full","pubTime":"2021-09-21 21:30","market":"us","language":"en","title":"U.S. stocks gain at Tuesday's open<blockquote>美国股市周二开盘上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165739145","media":"Tiger Newspress","summary":"(Sept 21) U.S. stocks gain at Tuesday's open. Dow Jones, S&P and Nasdaq start higher following yeste","content":"<p>(Sept 21) U.S. stocks gain at Tuesday's open. Dow Jones, S&P and Nasdaq start higher following yesterday's selloff.</p><p><blockquote>(9月21日)美国股市周二开盘上涨。道琼斯、标准普尔和纳斯达克在昨天的抛售后开盘走高。</blockquote></p><p> Uber shares jumped 7% after raising its outlook for the third quarter.</p><p><blockquote>Uber 上调第三季度业绩预期后股价上涨 7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/76c76d195eaa24d0309a2ef2686f857c\" tg-width=\"1110\" tg-height=\"570\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Luckin Coffee surged 17% in early trading after it Files Annual Report for Fiscal 2020, it's FY Revenue of $618.1M, representing an increase of 33.3% compared to 2019.</p><p><blockquote>瑞星咖啡提交2020财年年度报告后,早盘交易飙升17%,财年收入为6.181亿美元,较2019年增长33.3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a3ab3b5d35e96e056850f7b1739d7a86\" tg-width=\"1111\" tg-height=\"568\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> QuantumScape soars nearly 10% after another deal with 'top ten' automaker.</p><p><blockquote>QuantumScape 与“十大”汽车制造商达成另一项协议后股价飙升近 10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/19b0517a9824a37a70b8f1d10c5f2fd9\" tg-width=\"1111\" tg-height=\"566\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stocks gain at Tuesday's open<blockquote>美国股市周二开盘上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks gain at Tuesday's open<blockquote>美国股市周二开盘上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-21 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 21) U.S. stocks gain at Tuesday's open. Dow Jones, S&P and Nasdaq start higher following yesterday's selloff.</p><p><blockquote>(9月21日)美国股市周二开盘上涨。道琼斯、标准普尔和纳斯达克在昨天的抛售后开盘走高。</blockquote></p><p> Uber shares jumped 7% after raising its outlook for the third quarter.</p><p><blockquote>Uber 上调第三季度业绩预期后股价上涨 7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/76c76d195eaa24d0309a2ef2686f857c\" tg-width=\"1110\" tg-height=\"570\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Luckin Coffee surged 17% in early trading after it Files Annual Report for Fiscal 2020, it's FY Revenue of $618.1M, representing an increase of 33.3% compared to 2019.</p><p><blockquote>瑞星咖啡提交2020财年年度报告后,早盘交易飙升17%,财年收入为6.181亿美元,较2019年增长33.3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a3ab3b5d35e96e056850f7b1739d7a86\" tg-width=\"1111\" tg-height=\"568\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> QuantumScape soars nearly 10% after another deal with 'top ten' automaker.</p><p><blockquote>QuantumScape 与“十大”汽车制造商达成另一项协议后股价飙升近 10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/19b0517a9824a37a70b8f1d10c5f2fd9\" tg-width=\"1111\" tg-height=\"566\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165739145","content_text":"(Sept 21) U.S. stocks gain at Tuesday's open. Dow Jones, S&P and Nasdaq start higher following yesterday's selloff.\nUber shares jumped 7% after raising its outlook for the third quarter.\n\nLuckin Coffee surged 17% in early trading after it Files Annual Report for Fiscal 2020, it's FY Revenue of $618.1M, representing an increase of 33.3% compared to 2019.\n\nQuantumScape soars nearly 10% after another deal with 'top ten' automaker.","news_type":1,"symbols_score_info":{"SPY":0.9,".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"following","isTTM":false}