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09-14

$GOOGL 20241018 160.0 CALL$ the most important things is be patient!

08-22

Queued in a nice timing & only take time less than 30min [Miser]

2022-01-04

$Taiwan Semiconductor Manufacturing(TSM)$🚀🚀🚀

08-29

$PDD 20240830 90.0 PUT$ make a good decision 🤑💰

08-21

‌$英伟达(NVDA)$ ‌‌[惊讶] ‌

英伟达首个AI NPC入驻游戏，玩家可语音对话和NPC交流

08-17

$COHR 20240830 71.0 CALL$ I hope this is a just a start 💵🤑💵

09-12

I hope I make a good decision to buy in at right time [害羞] $GOOGL 20241018 160.0 CALL$

Google Almost Cut Ad Exchange Fees Ahead of Antitrust Crackdown

08-24

$CSCO 20241018 47.5 CALL$ amazing this 2 weeks

08-24

‌$英伟达(NVDA)$ ‌welcome to earning report week

系好安全带！8月惊魂后英伟达下周迎“大考”！华尔街一致看好

08-23

Green candle week ‌[财迷] ‌

鲍威尔在杰克逊霍尔讲话全文：政策调整的时候到了

08-21

Great article, would you like to share it?

@HLPA:$Tesla Motors(TSLA)$ At below 200, I had already picked up some shares and would not hesitate to pick up more should it falls to 190ish again. TSLA never fails to reward those who buy them at the dips. Without doubt, the mame Elom Musk itself , the shares notwithstanding, strikes a magical tune for Tesla. Good news or bad, TSLA will ride with the tide. Buy low, sell high works well with this stock. Never fail me provided you stay patient and wait for your levels to realise a good reasonable profit. Of course you will need to do your due diligence first and then make yoir move. Good luck trading this stock!

08-21

Great article, would you like to share it?

@Changjieming:$NVIDIA Corp(NVDA)$ Always bullish for Nvidia since I bought this stock in 2021. NO REGRETS. So thankful I'm not a paper hand but a diamond hand instead. HOLD STRONG and ride out the waves! $NVIDIA Corp(NVDA)$ buy long dated calls if you can! Believe in Jensen Huang. $NVDA 20240816 1040.0 CALL$

08-21

Great article, would you like to share it?

@SPACE ROCKET:I closed $NVDA 20240830 115.0 PUT$ ,Bought back this put first :) Will resell again if NVDA shows further weakness or I may buy into the stock.

08-16

$NVIDIA Corp(NVDA)$ up up up

08-15

Great article, would you like to share it?

@MaverickWealthBuilder:Alibaba Q1: Weak Consumption, Fierce Competition, High Valuation

Go to Tiger App to see more news

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href=\"https://ttm.financial/OPT/GOOGL 20241018 160.0 CALL\">$GOOGL 20241018 160.0 CALL$</a> the most important things is be patient!","listText":"<a href=\"https://ttm.financial/OPT/GOOGL 20241018 160.0 CALL\">$GOOGL 20241018 160.0 CALL$</a> the most important things is be patient!","text":"$GOOGL 20241018 160.0 CALL$ the most important things is be 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to buy in at right time [害羞]&nbsp;&nbsp; <a href=\"https://ttm.financial/OPT/GOOGL 20241018 160.0 CALL\">$GOOGL 20241018 160.0 CALL$</a>&nbsp;","text":"I hope I make a good decision to buy in at right time [害羞] $GOOGL 20241018 160.0 CALL$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348414905765944","repostId":"1174691541","repostType":4,"repost":{"id":"1174691541","pubTimestamp":1726104600,"share":"https://ttm.financial/m/news/1174691541?lang=&edition=fundamental","pubTime":"2024-09-12 09:30","market":"us","language":"en","title":"Google Almost Cut Ad Exchange Fees Ahead of Antitrust Crackdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1174691541","media":"Bloomberg","summary":"Company’s 20% fee is highest in industry, witnesses sayFormer executives testified at Justice Department trialEight years ago, Google debated slashing the fees for its advertising exchange — the highe","content":"<html><head></head><body><ul style=\"\"><li><p>Company’s 20% fee is highest in industry, witnesses say</p></li><li><p>Former executives testified at Justice Department trial</p></li></ul><p>Eight years ago, Google debated slashing the fees for its advertising exchange — the highest in the industry — after websites developed a way to boost online ad revenue while bypassing the company’s tools, former executives testified as part of a US Justice Department antitrust trial.</p><p style=\"text-align: start;\">Websites selling display ads had developed a new technology, known as header bidding, to try and counter Google’s high fee structure and squeeze more revenue from the transactions. The Alphabet Inc. unit never cut its 20% fee, and instead developed a modified version of the technology in 2019.</p><p style=\"text-align: start;\">In a trial that kicked off this week in federal court in Alexandria, Virginia, antitrust enforcers allege that Google has illegally monopolized the technology used to buy and sell online display advertising.</p><p style=\"text-align: start;\">The company controls a complex pipeline of technology products used by websites to sell space, as well as tools for advertisers and an exchange that connects ad buyers and sellers.</p><h3 id=\"id_1121916210\" style=\"text-align: start;\">Google’s Dominance</h3><p style=\"text-align: start;\">The Justice Department and state attorneys general say that Google’s dominance in the industry has allowed it to overcharge customers, estimating the company keeps between $36 and $37 dollars out of $100 that marketers spend for display ads. They also say the company used its dominance in online ads to keep out rivals.</p><p>Government witness Jay Friedman, the CEO of marketing company Goodway Group, which works with advertisers and ad agencies on campaigns, said he was able to negotiate lower rates with several other ad exchanges, but “Google said it wasn’t an option” to lower rates. His company considered not using Google’s ad exchange because of its higher fees, but found the other exchanges couldn’t offer enough advertising supply.</p><p style=\"text-align: start;\">Former Google executives testified Tuesday and Wednesday about how the company dealt with pricing and competitive technologies.</p><p style=\"text-align: start;\">Eisar Lipkovitz, a former vice president of engineering for display and video ads from 2014 to 2019, recalled internal discussions about whether Google should cut the fees charged by its advertising exchange, AdX, ultimately recommending a 10-15% fee. But the 20% fee was never lowered, demonstrating Google’s ability to keep prices high without harming its business, DOJ lawyers alleged.</p><p>“I did not have authority to make decisions,” he said in video testimony played in court.</p><p style=\"text-align: start;\">Lipkovitz acknowledged the high Adx fees led websites to adopt header bidding, through which websites conduct ad auctions within the browser as a web page loads, allowing multiple exchanges to compete simultaneously for the ad space.</p><p style=\"text-align: start;\">Header bidding helped publishers boost their revenue by as much as 50%, Stephanie Layser, a former News Corp. executive, testified Tuesday.</p><p style=\"text-align: start;\">Lipkovitz, who left Google in 2019 to join Lyft Inc., said that Google viewed ads sold through header bidding as lower quality, and likely to be impacted by spam and fraud. But Layser, who now works at Amazon.com Inc. and has helped 25 publishers adopt header bidding, said ads sold through Google were just as likely to have problems with spam or fraud.</p><h3 id=\"id_716335514\" style=\"text-align: start;\">‘Long-Term Threat’</h3><p style=\"text-align: start;\">In internal documents, Google referred to header bidding as a “serious long- term threat” since it could move business away from its ad exchange.</p><p>“The problem is that HB exists,” another Google employee wrote, adding a smiley face emoji. “Publishers felt locked in” to Google’s tools “which only gave Adx the ability to compete, so HB was born.”</p><p>Brad Bender, Google’s former vice president of product for display and video ads who joined the company when it bought DoubleClick in 2008, testified on Wednesday. He was asked about an email he sent to Google’s entire display ads team with notes from a talk by former DoubleClick CEO David Rosenblatt, outlining the company’s strategy in using its ad server product — known as DoubleClick for Publishers or DFP – to lock in customers.</p><p style=\"text-align: start;\">Websites were unlikely to move away from their ad server because of the “huge switching cost,” Rosenblatt said in the notes. “Switching platforms is a nightmare,” he wrote. “It takes an act of God to do it.”</p><p style=\"text-align: start;\">Because of its access to the publisher ad servers, Google also could get a “first look” at ad space for sale, giving it advantages over other exchanges, Rosenblatt said. “We’ll be able to crush the other networks and that’s our goal.”</p><p style=\"text-align: start;\">Bender said he shared Rosenblatt’s talk so that colleagues could gain additional perspectives before an upcoming planning meeting, but that the comments didn’t reflect how he felt.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nGoogle Almost Cut Ad Exchange Fees Ahead of Antitrust Crackdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-12 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-09-12/google-almost-cut-ad-exchange-fees-ahead-of-antitrust-crackdown?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company’s 20% fee is highest in industry, witnesses sayFormer executives testified at Justice Department trialEight years ago, Google debated slashing the fees for its advertising exchange — the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-09-12/google-almost-cut-ad-exchange-fees-ahead-of-antitrust-crackdown?srnd=homepage-americas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://www.bloomberg.com/news/articles/2024-09-12/google-almost-cut-ad-exchange-fees-ahead-of-antitrust-crackdown?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174691541","content_text":"Company’s 20% fee is highest in industry, witnesses sayFormer executives testified at Justice Department trialEight years ago, Google debated slashing the fees for its advertising exchange — the highest in the industry — after websites developed a way to boost online ad revenue while bypassing the company’s tools, former executives testified as part of a US Justice Department antitrust trial.Websites selling display ads had developed a new technology, known as header bidding, to try and counter Google’s high fee structure and squeeze more revenue from the transactions. The Alphabet Inc. unit never cut its 20% fee, and instead developed a modified version of the technology in 2019.In a trial that kicked off this week in federal court in Alexandria, Virginia, antitrust enforcers allege that Google has illegally monopolized the technology used to buy and sell online display advertising.The company controls a complex pipeline of technology products used by websites to sell space, as well as tools for advertisers and an exchange that connects ad buyers and sellers.Google’s DominanceThe Justice Department and state attorneys general say that Google’s dominance in the industry has allowed it to overcharge customers, estimating the company keeps between $36 and $37 dollars out of $100 that marketers spend for display ads. They also say the company used its dominance in online ads to keep out rivals.Government witness Jay Friedman, the CEO of marketing company Goodway Group, which works with advertisers and ad agencies on campaigns, said he was able to negotiate lower rates with several other ad exchanges, but “Google said it wasn’t an option” to lower rates. His company considered not using Google’s ad exchange because of its higher fees, but found the other exchanges couldn’t offer enough advertising supply.Former Google executives testified Tuesday and Wednesday about how the company dealt with pricing and competitive technologies.Eisar Lipkovitz, a former vice president of engineering for display and video ads from 2014 to 2019, recalled internal discussions about whether Google should cut the fees charged by its advertising exchange, AdX, ultimately recommending a 10-15% fee. But the 20% fee was never lowered, demonstrating Google’s ability to keep prices high without harming its business, DOJ lawyers alleged.“I did not have authority to make decisions,” he said in video testimony played in court.Lipkovitz acknowledged the high Adx fees led websites to adopt header bidding, through which websites conduct ad auctions within the browser as a web page loads, allowing multiple exchanges to compete simultaneously for the ad space.Header bidding helped publishers boost their revenue by as much as 50%, Stephanie Layser, a former News Corp. executive, testified Tuesday.Lipkovitz, who left Google in 2019 to join Lyft Inc., said that Google viewed ads sold through header bidding as lower quality, and likely to be impacted by spam and fraud. But Layser, who now works at Amazon.com Inc. and has helped 25 publishers adopt header bidding, said ads sold through Google were just as likely to have problems with spam or fraud.‘Long-Term Threat’In internal documents, Google referred to header bidding as a “serious long- term threat” since it could move business away from its ad exchange.“The problem is that HB exists,” another Google employee wrote, adding a smiley face emoji. “Publishers felt locked in” to Google’s tools “which only gave Adx the ability to compete, so HB was born.”Brad Bender, Google’s former vice president of product for display and video ads who joined the company when it bought DoubleClick in 2008, testified on Wednesday. He was asked about an email he sent to Google’s entire display ads team with notes from a talk by former DoubleClick CEO David Rosenblatt, outlining the company’s strategy in using its ad server product — known as DoubleClick for Publishers or DFP – to lock in customers.Websites were unlikely to move away from their ad server because of the “huge switching cost,” Rosenblatt said in the notes. “Switching platforms is a nightmare,” he wrote. “It takes an act of God to do it.”Because of its access to the publisher ad servers, Google also could get a “first look” at ad space for sale, giving it advantages over other exchanges, Rosenblatt said. “We’ll be able to crush the other networks and that’s our goal.”Bender said he shared Rosenblatt’s talk so that colleagues could gain additional perspectives before an upcoming planning meeting, but that the comments didn’t reflect how he felt.","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343404939825368,"gmtCreate":1724868679409,"gmtModify":1724868683347,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/PDD 20240830 90.0 PUT\">$PDD 20240830 90.0 PUT$</a> make a good decision 🤑💰","listText":"<a href=\"https://ttm.financial/OPT/PDD 20240830 90.0 PUT\">$PDD 20240830 90.0 PUT$</a> make a good decision 🤑💰","text":"$PDD 20240830 90.0 PUT$ make a good decision 🤑💰","images":[{"img":"https://community-static.tradeup.com/news/9d97e399c206bf78a25d2c2414b114ea","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343404939825368","isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":341690167841112,"gmtCreate":1724461041752,"gmtModify":1724461045326,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/CSCO 20241018 47.5 CALL\">$CSCO 20241018 47.5 CALL$</a> amazing this 2 weeks","listText":"<a href=\"https://ttm.financial/OPT/CSCO 20241018 47.5 CALL\">$CSCO 20241018 47.5 CALL$</a> amazing this 2 weeks","text":"$CSCO 20241018 47.5 CALL$ amazing this 2 weeks","images":[{"img":"https://community-static.tradeup.com/news/2060725ba63bc2c7cd5adc07543e7813","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341690167841112","isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":341677163356448,"gmtCreate":1724457863091,"gmtModify":1724457866992,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"‌<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ &nbsp;</a>‌welcome to earning report week","listText":"‌<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ &nbsp;</a>‌welcome to earning report week","text":"‌$英伟达(NVDA)$ ‌welcome to earning report week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341677163356448","repostId":"1125084630","repostType":4,"repost":{"id":"1125084630","pubTimestamp":1724425773,"share":"https://ttm.financial/m/news/1125084630?lang=&edition=fundamental","pubTime":"2024-08-23 23:09","market":"us","language":"zh","title":"系好安全带！8月惊魂后英伟达下周迎“大考”！华尔街一致看好","url":"https://stock-news.laohu8.com/highlight/detail?id=1125084630","media":"智通财经网","summary":"预计英伟达上季度的营收将增长112%。","content":"<html><head></head><body><p style=\"text-align: justify;\">周五，英伟达股价随大市走高，截至发稿涨幅超3%。在8月的第二季度财报发布前， 英伟达的投资者经历了一场过山车般的行情。其股价在8月5日跌破了100美元，随后反弹，并在12日至19日期间连续六天上涨。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b5fb4676300ea08970fcec49399020c\" tg-width=\"560\" tg-height=\"240\"/></p><p style=\"text-align: justify;\"><strong>英伟达将于美东时间8月28日盘后公布第二财季业绩，Wedbush表示，这一事件可能是科技行业多年来“最重要的”事件。</strong></p><p style=\"text-align: justify;\">KeyBanc分析师John Vinh是最新一批认为该公司为何有望超越高预期的华尔街分析师之一。<strong>该分析师重申对该股的“买入”评级，目标价为 180 美元。</strong></p><p style=\"text-align: justify;\">Vinh 在最近的一份报告中写道：“我们认为，第三季度 Blackwell 出货量的适度预期已经随着 Hopper 订单量的增加而得到满足。”</p><p style=\"text-align: justify;\">“我们预计英伟达将公布超出预期/上调的业绩，其中上行趋势将受到对 Hopper GPU 的强劲需求的推动。”</p><p style=\"text-align: justify;\"><strong>花旗本周也重申了对英伟达的“买入”评级，标价为 150 美元。</strong>他们预计“Blackwell的评论将让投资者对 2025 年的强劲前景充满信心，并且该股将创下 52 周新高。”</p><p style=\"text-align: justify;\"><strong>高盛分析师也重申了对英伟达的“买入”评级，并将其列入该公司的“强力买入名单”。</strong></p><p style=\"text-align: justify;\">华尔街对大型科技公司的人工智能基础设施支出仍持乐观态度，高盛最近表示，它相信“大型云服务提供商和企业的客户需求强劲，而英伟达在人工智能/加速计算领域的强劲竞争地位依然完好无损。”</p><p style=\"text-align: justify;\">分析师预测英伟达上季度的营收将增长112%，不过这与去年同期超过 250% 的增幅相比有所放缓。</p></body></html>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE 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{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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n系好安全带！8月惊魂后英伟达下周迎“大考”！华尔街一致看好\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-23 23:09 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.zhitongcaijing.com/content/detail/1169203.html><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>周五，英伟达股价随大市走高，截至发稿涨幅超3%。在8月的第二季度财报发布前， 英伟达的投资者经历了一场过山车般的行情。其股价在8月5日跌破了100美元，随后反弹，并在12日至19日期间连续六天上涨。英伟达将于美东时间8月28日盘后公布第二财季业绩，Wedbush表示，这一事件可能是科技行业多年来“最重要的”事件。KeyBanc分析师John Vinh是最新一批认为该公司为何有望超越高预期的华尔街...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/1169203.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/425e1b58e2b7a395332b1d4ff23eff22","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.zhitongcaijing.com/content/detail/1169203.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125084630","content_text":"周五，英伟达股价随大市走高，截至发稿涨幅超3%。在8月的第二季度财报发布前， 英伟达的投资者经历了一场过山车般的行情。其股价在8月5日跌破了100美元，随后反弹，并在12日至19日期间连续六天上涨。英伟达将于美东时间8月28日盘后公布第二财季业绩，Wedbush表示，这一事件可能是科技行业多年来“最重要的”事件。KeyBanc分析师John Vinh是最新一批认为该公司为何有望超越高预期的华尔街分析师之一。该分析师重申对该股的“买入”评级，目标价为 180 美元。Vinh 在最近的一份报告中写道：“我们认为，第三季度 Blackwell 出货量的适度预期已经随着 Hopper 订单量的增加而得到满足。”“我们预计英伟达将公布超出预期/上调的业绩，其中上行趋势将受到对 Hopper GPU 的强劲需求的推动。”花旗本周也重申了对英伟达的“买入”评级，标价为 150 美元。他们预计“Blackwell的评论将让投资者对 2025 年的强劲前景充满信心，并且该股将创下 52 周新高。”高盛分析师也重申了对英伟达的“买入”评级，并将其列入该公司的“强力买入名单”。华尔街对大型科技公司的人工智能基础设施支出仍持乐观态度，高盛最近表示，它相信“大型云服务提供商和企业的客户需求强劲，而英伟达在人工智能/加速计算领域的强劲竞争地位依然完好无损。”分析师预测英伟达上季度的营收将增长112%，不过这与去年同期超过 250% 的增幅相比有所放缓。","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341532754534744,"gmtCreate":1724422610769,"gmtModify":1724422614653,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"Green candle week ‌<a href=\"\">[财迷]&nbsp;</a>‌","listText":"Green candle week ‌<a href=\"\">[财迷]&nbsp;</a>‌","text":"Green candle week ‌[财迷] ‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341532754534744","repostId":"1162411207","repostType":2,"repost":{"id":"1162411207","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1724421767,"share":"https://ttm.financial/m/news/1162411207?lang=&edition=fundamental","pubTime":"2024-08-23 22:02","market":"us","language":"zh","title":"鲍威尔在杰克逊霍尔讲话全文：政策调整的时候到了","url":"https://stock-news.laohu8.com/highlight/detail?id=1162411207","media":"老虎资讯综合","summary":"政策调整的时机已经到来。","content":"<html><head></head><body><p>8月23日，美联储主席鲍威尔在杰克逊霍尔全球央行年会上发表讲话。他表示：美国通货膨胀率显著下降，劳动力市场不再过热，对通胀率可持续回到2%的信心增强。<strong>现在是调整政策的时候了。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/522a5087f9e54bfafb0c349968d68f4e\" title=\"\" tg-width=\"690\" tg-height=\"431\"/></p><p><strong>以下为讲话全文</strong></p><p style=\"text-align: justify;\">在新冠疫情爆发4年半后的今天，与疫情相关的经济扭曲正在从最严重的状态中逐渐消退。通货膨胀率已大幅下降，劳动力市场不再过热，当前市场状况比疫情前更加宽松。供应限制已经恢复正常，<strong>我们双重使命所面临的风险平衡也发生了变化</strong>。我们的目标是恢复价格稳定，同时保持强劲的劳动力市场，避免像过去通胀预期较不稳定时所出现的那种失业率大幅上升的情况。我们在实现这一目标方面已经取得了相当大的进展。虽然任务尚未完成，但我们确实已经取得了不少进展。</p><p style=\"text-align: justify;\">今天，我将首先讨论当前的经济形势和货币政策的前进道路。然后，我将讨论从疫情开始以来的经济事件，探讨为什么通胀上升到几代人未见的水平，以及为什么在失业率保持低位的情况下通胀却下降了如此之多。</p><p style=\"text-align: justify;\"><strong>政策的短期展望</strong></p><p style=\"text-align: justify;\">让我们从当前的情况和政策的短期展望开始。</p><p style=\"text-align: justify;\">在过去三年中的大部分时间里，通胀率远高于我们的2%目标，劳动力市场条件极为紧张。联邦公开市场委员会（FOMC）的主要关注点一直是降低通胀，这是完全正确的。在这次事件之前，当今大多数在世的美国人从未经历过持续高通胀的痛苦。通胀带来了巨大的困难，特别是对于那些最难以应对生活必需品，如食品、住房和交通成本上升的人来说尤为如此。高通胀引发了压力和一种持续至今的不公平感。</p><p style=\"text-align: justify;\">我们的紧缩货币政策帮助恢复了总供给与需求之间的平衡，缓解通胀压力，并确保通胀预期保持稳固。现在通胀正更加接近我们的政策目标，过去12个月里价格上涨了2.5%。在（通胀）今年早些时候暂停（放缓）之后，朝着我们2%目标的进展已经恢复。<strong>我越来越有信心，通胀正在可持续地恢复到2%的路径上。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a96e7f3e226821a75d82751662b7119\" title=\"\" tg-width=\"892\" tg-height=\"898\"/></p><p style=\"text-align: justify;\">谈到就业，在疫情前的几年里，我们看到了强劲的劳动力市场状况给社会带来的显著好处：低失业率、高劳动参与率、处于历史低位的种族就业差距，以及在通胀低且稳定的情况下，健康的实际工资增长，且这些增长越来越多地集中在低收入人群中。</p><p style=\"text-align: justify;\"><strong>今天，劳动力市场已经明显冷却下来，不再像之前那样过热。</strong>失业率在一年多前开始上升，现在为4.3%，尽管仍处于历史低位，但比2023年初高出近一个百分点。大部分增加发生在过去六个月内。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2335ee7f199e728aa38463d72d24b731\" title=\"\" tg-width=\"1134\" tg-height=\"494\"/></p><p style=\"text-align: justify;\">到目前为止，失业率上升的原因，并不是经济衰退期间通常出现的大规模裁员，而是主要反映劳动供应的显著增加，以及招聘速度的减缓。即便如此，劳动力市场的冷却仍然是明显的。就业增长仍然稳健，但今年有所放缓。职位空缺减少，职位空缺与失业的比例已恢复到疫情前的范围。招聘率和辞职率现在低于2018年和2019年的水平。名义工资增长已经放缓。总的来说，现在劳动力市场要比2019年（疫情暴发前）宽松得多——那一年通胀率低于2%。劳动力市场似乎不太可能在短期内成为通胀压力的来源。<strong>我们不寻求或欢迎劳动力市场状况进一步冷却。</strong></p><p style=\"text-align: justify;\">总体而言，经济仍在以稳健的步伐增长。但通胀和劳动力市场数据表明情况正在演变。通胀的上行风险已经减弱。而就业的下行风险则增加了。正如我们在上一次FOMC声明中强调的那样，我们关注的是双重任务两方面的风险。</p><p style=\"text-align: justify;\"><strong>现在是调整政策的时候了。前进的方向很明确，降息的时机和速度将取决于未来的数据、不断变化的前景和风险的平衡。</strong></p><p style=\"text-align: justify;\">我们将尽一切努力支持强劲的劳动力市场，同时继续朝着价格稳定的目标迈进。<strong>随着政策限制的适当减少，有充分理由相信经济将在维持强劲劳动力市场的同时，恢复到2%的通胀率</strong>。我们当前的政策利率水平为我们应对任何风险提供了充足的空间，包括劳动力市场条件进一步恶化的风险。</p><p style=\"text-align: justify;\"><strong>通胀的起伏</strong></p><p style=\"text-align: justify;\">现在让我们转向探讨为什么通胀上升，以及为什么在失业率保持低位的情况下通胀却显著下降。关于这些问题的研究正在不断增加，现在是讨论这些问题的好时机。当然，现在做出明确的评估还为时过早。这一时期将会在许多年后一直被分析和讨论。</p><p style=\"text-align: justify;\">新冠疫情的到来迅速导致全球范围内的经济停摆。这是一个充满不确定性和严重下行风险的时期。在危机时期，美国人一如既往地适应和创新。政府做出了前所未有的强力回应，尤其是在美国，国会一致通过了《CARES法案》。在美联储，我们以前所未有的力度运用了我们的权力，稳定金融体系，帮助避免经济萧条。</p><p style=\"text-align: justify;\">在经历了一次历史性深度但短暂的衰退后，经济在2020年年中开始复苏。随着严重、长期衰退的风险消退，经济重新开放，我们面临着重蹈全球金融危机后缓慢复苏的风险。</p><p style=\"text-align: justify;\">国会在2020年底和2021年初提供了大量额外的财政支持。2021年上半年，（消费）支出强劲复苏。持续的疫情塑造了（消费市场的）复苏模式。对疫情的持续担忧影响了面对面服务的消费。但被压抑的需求、刺激政策、工作和休闲方式因疫情变化，以及服务消费受限带来的额外储蓄，共同推动了消费者商品支出的历史性激增。</p><p style=\"text-align: justify;\">疫情也对供应状况造成了严重破坏。疫情爆发之初，800万人退出了劳动力市场，到2021年初，劳动力规模仍比疫情前减少了400万。劳动力规模直到2023年年中才恢复到疫情前的趋势。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8272eac859406c274d7cd6f9eba1515d\" title=\"\" tg-width=\"896\" tg-height=\"895\"/></p><p style=\"text-align: justify;\">供应链因工人流失、国际贸易联系中断以及需求结构和水平的剧变而混乱不堪。显然，这与全球金融危机后的缓慢复苏完全不同。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49a8f3998817f6d91695d6390e234caa\" title=\"\" tg-width=\"911\" tg-height=\"867\"/></p><p style=\"text-align: justify;\">通胀随之而来。在2020年通胀率低于目标之后，通胀在2021年3月和4月大幅攀升。最初的通胀激增集中在供应短缺的商品上，如机动车辆，价格涨幅极大。我和我的同事们最初判断，这些与疫情相关的因素不会持续，因此认为通胀的突然上升可能会很快过去，不需要货币政策的干预——简言之，通胀是暂时的。长期以来的标准观点是，只要通胀预期保持稳固，央行可以无视暂时的通胀上升。</p><p style=\"text-align: justify;\">“暂时性通胀”这一观点在当时被广泛接受，大多数主流分析师和发达经济体的央行行长都持这一看法。普遍的预期是，供应状况会较快改善，需求的迅速复苏将走到尽头，需求会从商品转向服务，从而降低通胀。</p><p style=\"text-align: justify;\">一段时间内，数据与暂时性通胀的假设一致。2021年4月至9月，核心通胀的月度读数每月都在下降，尽管进展比预期缓慢。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dcf2c741fb496da3281e55ae8815271\" title=\"\" tg-width=\"898\" tg-height=\"859\"/></p><p style=\"text-align: justify;\">到年中，这一假设的支撑开始减弱，我们的沟通也反映了这一点。从10月开始，数据明显不再支持暂时性通胀的假设。通胀上升开始从商品扩展到服务领域。很明显，高通胀并非暂时现象，如果要保持通胀预期的稳定，就需要强有力的政策回应。我们意识到了这一点，并从11月开始调整政策。金融条件开始收紧。在逐步结束资产购买后，我们于2022年3月启动了加息。</p><p style=\"text-align: justify;\">到2022年初，总体通胀率已超过6%，核心通胀率超过5%。新的供应冲击出现了。俄乌战争爆发导致能源和商品价格大幅上涨。供应状况的改善，以及需求从商品向服务的转变比预期更长，部分原因是美国的疫情进一步发展。疫情也继续在全球范围内扰乱主要经济体的生产。</p><p style=\"text-align: justify;\">高通胀率是一种全球现象，反映了共同的经历：商品需求迅速增加，供应链紧张，劳动力市场紧张，商品价格急剧上涨。全球范围内的通胀与1970年代以来的任何时期都不同。当时，高通胀根深蒂固——我们坚决致力于避免这种情况。</p><p style=\"text-align: justify;\">到2022年中，劳动力市场极度紧张，自2021年中以来，劳动力需求增加超过650万。这种劳动力需求的增加，部分能由疫情消退后工人重回职场满足。但劳动力供应仍然受到限制，到2022年夏季，劳动参与率仍然远低于疫情前的水平。从2022年3月到年底，职位空缺几乎是失业人数的两倍，这表明劳动力严重短缺。通胀在2022年6月达到峰值，为7.1%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f81722a64a7c607b99c07c65f39bde7a\" title=\"\" tg-width=\"874\" tg-height=\"858\"/></p><p style=\"text-align: justify;\">两年前在这个讲坛上，我讨论了应对通胀可能带来的一些痛苦，如失业率上升和经济增长放缓。一些人认为，控制通胀需要一场衰退和长期高失业率。我表达了我们坚定不移的承诺，即全面恢复价格稳定，并坚持下去，直到任务完成。</p><p style=\"text-align: justify;\">FOMC没有退缩，坚定地履行了我们的职责，我们的行动有力地表明了我们对恢复价格稳定的承诺。我们在2022年将政策利率提高了425个基点，2023年又提高了100个基点。自2023年7月以来，我们一直保持政策利率在当前的紧缩水平。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c9b42b39d9efa74b792127500e2be90\" title=\"\" tg-width=\"860\" tg-height=\"822\"/></p><p style=\"text-align: justify;\">2022年的夏天成为了通胀的顶峰。<strong>两年内通胀率从峰值下降了4.5个百分点，这一过程中失业率依然保持在低位，这是一个受欢迎且历史上不常见的结果。</strong></p><p style=\"text-align: justify;\"><strong>为什么通胀下降了，而失业率没有显著上升？</strong></p><p style=\"text-align: justify;\">与疫情相关的供需扭曲，以及能源和商品市场的严重冲击是高通胀的重要驱动因素，它们的逆转也是通胀下降的关键部分。这些因素的消退（时间）比预期要长，但最终在随后的通胀下降中发挥了重要作用。我们的紧缩货币政策促使总需求适度下降，这与总供应的改善相结合，降低了通胀压力，同时允许经济以健康的速度继续增长。随着劳动力需求的放缓，通过职位空缺的减少，职位空缺相对于失业的历史性高水平已经正常化，同时没有出现大规模和破坏性的裁员，从而使劳动力市场不再成为通胀压力的来源。</p><p style=\"text-align: justify;\">这里也要提一嘴通胀预期的关键重要性。标准经济模型长期以来的观点是，只要产品和劳动力市场平衡，通胀就会回到目标水平——无需经济放缓——只要通胀预期稳定在我们的目标水平上。这是模型所说的，但自2000年代以来，长期通胀预期的稳定性从来没有受到持续高通胀的考验。通胀之锚是否会保持稳定远非确定。对于通胀预期脱钩的担忧加剧了这样一种观点，即通胀下降需要经济放缓，特别是在劳动力市场方面。最近经验的重要启示是，稳固的通胀预期，加上央行的强力行动，可以在不需要经济放缓的情况下实现通胀下降。</p><p style=\"text-align: justify;\">这一叙述将通胀上升的原因，主要归因于过热和暂时扭曲的需求，与受限的供给之间的异常碰撞。虽然研究者在方法上有所不同，在结论上也有所分歧，但似乎正在形成一种共识，我认为这种共识将通胀上升的主要原因归因于这种碰撞。总的来说，随着市场从疫情造成的扭曲中恢复，我们努力适度抑制总需求，以及预期的锚定，<strong>这些共同作用，正在使通胀越来越明显地走上可持续达到我们2%目标的路径。</strong></p><p style=\"text-align: justify;\">在保持劳动力市场强劲的同时实现通胀下降，只有在通胀预期锚定的情况下才有可能，这反映了公众对央行能够在时间内实现2%通胀的信心。这种信心是几十年来建立的，并通过我们的行动得到了加强。</p><p style=\"text-align: justify;\">这是我对事件的评估。你可能有不同的看法。</p><p style=\"text-align: justify;\"><strong>结论</strong></p><p style=\"text-align: justify;\">最后，我想强调，疫情经济被证明与以往任何时期都不同，这一非常时期还有许多值得学习的地方。美联储在《长期目标和货币政策策略声明》中承诺，每五年通过全面的公开审查来审视我们的原则并做出适当调整。随着我们今年晚些时候开始这一进程，我们将对批评和新想法保持开放态度，同时保持我们框架的优势。我们知识的局限性——在疫情期间显而易见——要求我们保持谦逊和质疑精神，专注于从过去经验中汲取教训，并灵活地将其应用于当前挑战。</p><p><strong>分析</strong></p><p>“美联储传声筒”Nick Timiraos在社交媒体发文称，<strong>今日的讲话表明鲍威尔的政策转向已经完成，鲍威尔在讲话中表现出了全面的鸽派，两年前他还在同一时期表示，美联储将接受经济衰退作为恢复通胀的代价。</strong></p><p>互换市场保持稳定，预计美联储年末前将有近100个基点的降息幅度。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2b2f7cd1dd4672054cef5f3aa848cbda\" title=\"\" tg-width=\"800\" tg-height=\"838\"/></p><p><strong>美股三大指数持续拉升，纳指涨1.7%。</strong>美元指数DXY失守101，为去年12月来首次，日内跌幅0.51%。两年期美国国债收益率从周四的4.009%降至3.943%。10年期国债收益率为3.807%，低于周四的3.862%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6484f6191c6159903f886d80ae2006b4\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/103e550db140904647cca6704abada12\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f419449d8c7322467d4a9baed0b9bc0\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p></body></html>","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>鲍威尔在杰克逊霍尔讲话全文：政策调整的时候到了</title>\n<style 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margin: 0;line-height: 11px;}\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\">\n鲍威尔在杰克逊霍尔讲话全文：政策调整的时候到了\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2024-08-23 22:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>8月23日，美联储主席鲍威尔在杰克逊霍尔全球央行年会上发表讲话。他表示：美国通货膨胀率显著下降，劳动力市场不再过热，对通胀率可持续回到2%的信心增强。<strong>现在是调整政策的时候了。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/522a5087f9e54bfafb0c349968d68f4e\" title=\"\" tg-width=\"690\" tg-height=\"431\"/></p><p><strong>以下为讲话全文</strong></p><p style=\"text-align: justify;\">在新冠疫情爆发4年半后的今天，与疫情相关的经济扭曲正在从最严重的状态中逐渐消退。通货膨胀率已大幅下降，劳动力市场不再过热，当前市场状况比疫情前更加宽松。供应限制已经恢复正常，<strong>我们双重使命所面临的风险平衡也发生了变化</strong>。我们的目标是恢复价格稳定，同时保持强劲的劳动力市场，避免像过去通胀预期较不稳定时所出现的那种失业率大幅上升的情况。我们在实现这一目标方面已经取得了相当大的进展。虽然任务尚未完成，但我们确实已经取得了不少进展。</p><p style=\"text-align: justify;\">今天，我将首先讨论当前的经济形势和货币政策的前进道路。然后，我将讨论从疫情开始以来的经济事件，探讨为什么通胀上升到几代人未见的水平，以及为什么在失业率保持低位的情况下通胀却下降了如此之多。</p><p style=\"text-align: justify;\"><strong>政策的短期展望</strong></p><p style=\"text-align: justify;\">让我们从当前的情况和政策的短期展望开始。</p><p style=\"text-align: justify;\">在过去三年中的大部分时间里，通胀率远高于我们的2%目标，劳动力市场条件极为紧张。联邦公开市场委员会（FOMC）的主要关注点一直是降低通胀，这是完全正确的。在这次事件之前，当今大多数在世的美国人从未经历过持续高通胀的痛苦。通胀带来了巨大的困难，特别是对于那些最难以应对生活必需品，如食品、住房和交通成本上升的人来说尤为如此。高通胀引发了压力和一种持续至今的不公平感。</p><p style=\"text-align: justify;\">我们的紧缩货币政策帮助恢复了总供给与需求之间的平衡，缓解通胀压力，并确保通胀预期保持稳固。现在通胀正更加接近我们的政策目标，过去12个月里价格上涨了2.5%。在（通胀）今年早些时候暂停（放缓）之后，朝着我们2%目标的进展已经恢复。<strong>我越来越有信心，通胀正在可持续地恢复到2%的路径上。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a96e7f3e226821a75d82751662b7119\" title=\"\" tg-width=\"892\" tg-height=\"898\"/></p><p style=\"text-align: justify;\">谈到就业，在疫情前的几年里，我们看到了强劲的劳动力市场状况给社会带来的显著好处：低失业率、高劳动参与率、处于历史低位的种族就业差距，以及在通胀低且稳定的情况下，健康的实际工资增长，且这些增长越来越多地集中在低收入人群中。</p><p style=\"text-align: justify;\"><strong>今天，劳动力市场已经明显冷却下来，不再像之前那样过热。</strong>失业率在一年多前开始上升，现在为4.3%，尽管仍处于历史低位，但比2023年初高出近一个百分点。大部分增加发生在过去六个月内。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2335ee7f199e728aa38463d72d24b731\" title=\"\" tg-width=\"1134\" tg-height=\"494\"/></p><p style=\"text-align: justify;\">到目前为止，失业率上升的原因，并不是经济衰退期间通常出现的大规模裁员，而是主要反映劳动供应的显著增加，以及招聘速度的减缓。即便如此，劳动力市场的冷却仍然是明显的。就业增长仍然稳健，但今年有所放缓。职位空缺减少，职位空缺与失业的比例已恢复到疫情前的范围。招聘率和辞职率现在低于2018年和2019年的水平。名义工资增长已经放缓。总的来说，现在劳动力市场要比2019年（疫情暴发前）宽松得多——那一年通胀率低于2%。劳动力市场似乎不太可能在短期内成为通胀压力的来源。<strong>我们不寻求或欢迎劳动力市场状况进一步冷却。</strong></p><p style=\"text-align: justify;\">总体而言，经济仍在以稳健的步伐增长。但通胀和劳动力市场数据表明情况正在演变。通胀的上行风险已经减弱。而就业的下行风险则增加了。正如我们在上一次FOMC声明中强调的那样，我们关注的是双重任务两方面的风险。</p><p style=\"text-align: justify;\"><strong>现在是调整政策的时候了。前进的方向很明确，降息的时机和速度将取决于未来的数据、不断变化的前景和风险的平衡。</strong></p><p style=\"text-align: justify;\">我们将尽一切努力支持强劲的劳动力市场，同时继续朝着价格稳定的目标迈进。<strong>随着政策限制的适当减少，有充分理由相信经济将在维持强劲劳动力市场的同时，恢复到2%的通胀率</strong>。我们当前的政策利率水平为我们应对任何风险提供了充足的空间，包括劳动力市场条件进一步恶化的风险。</p><p style=\"text-align: justify;\"><strong>通胀的起伏</strong></p><p style=\"text-align: justify;\">现在让我们转向探讨为什么通胀上升，以及为什么在失业率保持低位的情况下通胀却显著下降。关于这些问题的研究正在不断增加，现在是讨论这些问题的好时机。当然，现在做出明确的评估还为时过早。这一时期将会在许多年后一直被分析和讨论。</p><p style=\"text-align: justify;\">新冠疫情的到来迅速导致全球范围内的经济停摆。这是一个充满不确定性和严重下行风险的时期。在危机时期，美国人一如既往地适应和创新。政府做出了前所未有的强力回应，尤其是在美国，国会一致通过了《CARES法案》。在美联储，我们以前所未有的力度运用了我们的权力，稳定金融体系，帮助避免经济萧条。</p><p style=\"text-align: justify;\">在经历了一次历史性深度但短暂的衰退后，经济在2020年年中开始复苏。随着严重、长期衰退的风险消退，经济重新开放，我们面临着重蹈全球金融危机后缓慢复苏的风险。</p><p style=\"text-align: justify;\">国会在2020年底和2021年初提供了大量额外的财政支持。2021年上半年，（消费）支出强劲复苏。持续的疫情塑造了（消费市场的）复苏模式。对疫情的持续担忧影响了面对面服务的消费。但被压抑的需求、刺激政策、工作和休闲方式因疫情变化，以及服务消费受限带来的额外储蓄，共同推动了消费者商品支出的历史性激增。</p><p style=\"text-align: justify;\">疫情也对供应状况造成了严重破坏。疫情爆发之初，800万人退出了劳动力市场，到2021年初，劳动力规模仍比疫情前减少了400万。劳动力规模直到2023年年中才恢复到疫情前的趋势。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8272eac859406c274d7cd6f9eba1515d\" title=\"\" tg-width=\"896\" tg-height=\"895\"/></p><p style=\"text-align: justify;\">供应链因工人流失、国际贸易联系中断以及需求结构和水平的剧变而混乱不堪。显然，这与全球金融危机后的缓慢复苏完全不同。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49a8f3998817f6d91695d6390e234caa\" title=\"\" tg-width=\"911\" tg-height=\"867\"/></p><p style=\"text-align: justify;\">通胀随之而来。在2020年通胀率低于目标之后，通胀在2021年3月和4月大幅攀升。最初的通胀激增集中在供应短缺的商品上，如机动车辆，价格涨幅极大。我和我的同事们最初判断，这些与疫情相关的因素不会持续，因此认为通胀的突然上升可能会很快过去，不需要货币政策的干预——简言之，通胀是暂时的。长期以来的标准观点是，只要通胀预期保持稳固，央行可以无视暂时的通胀上升。</p><p style=\"text-align: justify;\">“暂时性通胀”这一观点在当时被广泛接受，大多数主流分析师和发达经济体的央行行长都持这一看法。普遍的预期是，供应状况会较快改善，需求的迅速复苏将走到尽头，需求会从商品转向服务，从而降低通胀。</p><p style=\"text-align: justify;\">一段时间内，数据与暂时性通胀的假设一致。2021年4月至9月，核心通胀的月度读数每月都在下降，尽管进展比预期缓慢。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dcf2c741fb496da3281e55ae8815271\" title=\"\" tg-width=\"898\" tg-height=\"859\"/></p><p style=\"text-align: justify;\">到年中，这一假设的支撑开始减弱，我们的沟通也反映了这一点。从10月开始，数据明显不再支持暂时性通胀的假设。通胀上升开始从商品扩展到服务领域。很明显，高通胀并非暂时现象，如果要保持通胀预期的稳定，就需要强有力的政策回应。我们意识到了这一点，并从11月开始调整政策。金融条件开始收紧。在逐步结束资产购买后，我们于2022年3月启动了加息。</p><p style=\"text-align: justify;\">到2022年初，总体通胀率已超过6%，核心通胀率超过5%。新的供应冲击出现了。俄乌战争爆发导致能源和商品价格大幅上涨。供应状况的改善，以及需求从商品向服务的转变比预期更长，部分原因是美国的疫情进一步发展。疫情也继续在全球范围内扰乱主要经济体的生产。</p><p style=\"text-align: justify;\">高通胀率是一种全球现象，反映了共同的经历：商品需求迅速增加，供应链紧张，劳动力市场紧张，商品价格急剧上涨。全球范围内的通胀与1970年代以来的任何时期都不同。当时，高通胀根深蒂固——我们坚决致力于避免这种情况。</p><p style=\"text-align: justify;\">到2022年中，劳动力市场极度紧张，自2021年中以来，劳动力需求增加超过650万。这种劳动力需求的增加，部分能由疫情消退后工人重回职场满足。但劳动力供应仍然受到限制，到2022年夏季，劳动参与率仍然远低于疫情前的水平。从2022年3月到年底，职位空缺几乎是失业人数的两倍，这表明劳动力严重短缺。通胀在2022年6月达到峰值，为7.1%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f81722a64a7c607b99c07c65f39bde7a\" title=\"\" tg-width=\"874\" tg-height=\"858\"/></p><p style=\"text-align: justify;\">两年前在这个讲坛上，我讨论了应对通胀可能带来的一些痛苦，如失业率上升和经济增长放缓。一些人认为，控制通胀需要一场衰退和长期高失业率。我表达了我们坚定不移的承诺，即全面恢复价格稳定，并坚持下去，直到任务完成。</p><p style=\"text-align: justify;\">FOMC没有退缩，坚定地履行了我们的职责，我们的行动有力地表明了我们对恢复价格稳定的承诺。我们在2022年将政策利率提高了425个基点，2023年又提高了100个基点。自2023年7月以来，我们一直保持政策利率在当前的紧缩水平。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c9b42b39d9efa74b792127500e2be90\" title=\"\" tg-width=\"860\" tg-height=\"822\"/></p><p style=\"text-align: justify;\">2022年的夏天成为了通胀的顶峰。<strong>两年内通胀率从峰值下降了4.5个百分点，这一过程中失业率依然保持在低位，这是一个受欢迎且历史上不常见的结果。</strong></p><p style=\"text-align: justify;\"><strong>为什么通胀下降了，而失业率没有显著上升？</strong></p><p style=\"text-align: justify;\">与疫情相关的供需扭曲，以及能源和商品市场的严重冲击是高通胀的重要驱动因素，它们的逆转也是通胀下降的关键部分。这些因素的消退（时间）比预期要长，但最终在随后的通胀下降中发挥了重要作用。我们的紧缩货币政策促使总需求适度下降，这与总供应的改善相结合，降低了通胀压力，同时允许经济以健康的速度继续增长。随着劳动力需求的放缓，通过职位空缺的减少，职位空缺相对于失业的历史性高水平已经正常化，同时没有出现大规模和破坏性的裁员，从而使劳动力市场不再成为通胀压力的来源。</p><p style=\"text-align: justify;\">这里也要提一嘴通胀预期的关键重要性。标准经济模型长期以来的观点是，只要产品和劳动力市场平衡，通胀就会回到目标水平——无需经济放缓——只要通胀预期稳定在我们的目标水平上。这是模型所说的，但自2000年代以来，长期通胀预期的稳定性从来没有受到持续高通胀的考验。通胀之锚是否会保持稳定远非确定。对于通胀预期脱钩的担忧加剧了这样一种观点，即通胀下降需要经济放缓，特别是在劳动力市场方面。最近经验的重要启示是，稳固的通胀预期，加上央行的强力行动，可以在不需要经济放缓的情况下实现通胀下降。</p><p style=\"text-align: justify;\">这一叙述将通胀上升的原因，主要归因于过热和暂时扭曲的需求，与受限的供给之间的异常碰撞。虽然研究者在方法上有所不同，在结论上也有所分歧，但似乎正在形成一种共识，我认为这种共识将通胀上升的主要原因归因于这种碰撞。总的来说，随着市场从疫情造成的扭曲中恢复，我们努力适度抑制总需求，以及预期的锚定，<strong>这些共同作用，正在使通胀越来越明显地走上可持续达到我们2%目标的路径。</strong></p><p style=\"text-align: justify;\">在保持劳动力市场强劲的同时实现通胀下降，只有在通胀预期锚定的情况下才有可能，这反映了公众对央行能够在时间内实现2%通胀的信心。这种信心是几十年来建立的，并通过我们的行动得到了加强。</p><p style=\"text-align: justify;\">这是我对事件的评估。你可能有不同的看法。</p><p style=\"text-align: justify;\"><strong>结论</strong></p><p style=\"text-align: justify;\">最后，我想强调，疫情经济被证明与以往任何时期都不同，这一非常时期还有许多值得学习的地方。美联储在《长期目标和货币政策策略声明》中承诺，每五年通过全面的公开审查来审视我们的原则并做出适当调整。随着我们今年晚些时候开始这一进程，我们将对批评和新想法保持开放态度，同时保持我们框架的优势。我们知识的局限性——在疫情期间显而易见——要求我们保持谦逊和质疑精神，专注于从过去经验中汲取教训，并灵活地将其应用于当前挑战。</p><p><strong>分析</strong></p><p>“美联储传声筒”Nick Timiraos在社交媒体发文称，<strong>今日的讲话表明鲍威尔的政策转向已经完成，鲍威尔在讲话中表现出了全面的鸽派，两年前他还在同一时期表示，美联储将接受经济衰退作为恢复通胀的代价。</strong></p><p>互换市场保持稳定，预计美联储年末前将有近100个基点的降息幅度。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2b2f7cd1dd4672054cef5f3aa848cbda\" title=\"\" tg-width=\"800\" tg-height=\"838\"/></p><p><strong>美股三大指数持续拉升，纳指涨1.7%。</strong>美元指数DXY失守101，为去年12月来首次，日内跌幅0.51%。两年期美国国债收益率从周四的4.009%降至3.943%。10年期国债收益率为3.807%，低于周四的3.862%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6484f6191c6159903f886d80ae2006b4\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/103e550db140904647cca6704abada12\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f419449d8c7322467d4a9baed0b9bc0\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/909f0c076f3fff78497a5c9be00e5429","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162411207","content_text":"8月23日，美联储主席鲍威尔在杰克逊霍尔全球央行年会上发表讲话。他表示：美国通货膨胀率显著下降，劳动力市场不再过热，对通胀率可持续回到2%的信心增强。现在是调整政策的时候了。以下为讲话全文在新冠疫情爆发4年半后的今天，与疫情相关的经济扭曲正在从最严重的状态中逐渐消退。通货膨胀率已大幅下降，劳动力市场不再过热，当前市场状况比疫情前更加宽松。供应限制已经恢复正常，我们双重使命所面临的风险平衡也发生了变化。我们的目标是恢复价格稳定，同时保持强劲的劳动力市场，避免像过去通胀预期较不稳定时所出现的那种失业率大幅上升的情况。我们在实现这一目标方面已经取得了相当大的进展。虽然任务尚未完成，但我们确实已经取得了不少进展。今天，我将首先讨论当前的经济形势和货币政策的前进道路。然后，我将讨论从疫情开始以来的经济事件，探讨为什么通胀上升到几代人未见的水平，以及为什么在失业率保持低位的情况下通胀却下降了如此之多。政策的短期展望让我们从当前的情况和政策的短期展望开始。在过去三年中的大部分时间里，通胀率远高于我们的2%目标，劳动力市场条件极为紧张。联邦公开市场委员会（FOMC）的主要关注点一直是降低通胀，这是完全正确的。在这次事件之前，当今大多数在世的美国人从未经历过持续高通胀的痛苦。通胀带来了巨大的困难，特别是对于那些最难以应对生活必需品，如食品、住房和交通成本上升的人来说尤为如此。高通胀引发了压力和一种持续至今的不公平感。我们的紧缩货币政策帮助恢复了总供给与需求之间的平衡，缓解通胀压力，并确保通胀预期保持稳固。现在通胀正更加接近我们的政策目标，过去12个月里价格上涨了2.5%。在（通胀）今年早些时候暂停（放缓）之后，朝着我们2%目标的进展已经恢复。我越来越有信心，通胀正在可持续地恢复到2%的路径上。谈到就业，在疫情前的几年里，我们看到了强劲的劳动力市场状况给社会带来的显著好处：低失业率、高劳动参与率、处于历史低位的种族就业差距，以及在通胀低且稳定的情况下，健康的实际工资增长，且这些增长越来越多地集中在低收入人群中。今天，劳动力市场已经明显冷却下来，不再像之前那样过热。失业率在一年多前开始上升，现在为4.3%，尽管仍处于历史低位，但比2023年初高出近一个百分点。大部分增加发生在过去六个月内。到目前为止，失业率上升的原因，并不是经济衰退期间通常出现的大规模裁员，而是主要反映劳动供应的显著增加，以及招聘速度的减缓。即便如此，劳动力市场的冷却仍然是明显的。就业增长仍然稳健，但今年有所放缓。职位空缺减少，职位空缺与失业的比例已恢复到疫情前的范围。招聘率和辞职率现在低于2018年和2019年的水平。名义工资增长已经放缓。总的来说，现在劳动力市场要比2019年（疫情暴发前）宽松得多——那一年通胀率低于2%。劳动力市场似乎不太可能在短期内成为通胀压力的来源。我们不寻求或欢迎劳动力市场状况进一步冷却。总体而言，经济仍在以稳健的步伐增长。但通胀和劳动力市场数据表明情况正在演变。通胀的上行风险已经减弱。而就业的下行风险则增加了。正如我们在上一次FOMC声明中强调的那样，我们关注的是双重任务两方面的风险。现在是调整政策的时候了。前进的方向很明确，降息的时机和速度将取决于未来的数据、不断变化的前景和风险的平衡。我们将尽一切努力支持强劲的劳动力市场，同时继续朝着价格稳定的目标迈进。随着政策限制的适当减少，有充分理由相信经济将在维持强劲劳动力市场的同时，恢复到2%的通胀率。我们当前的政策利率水平为我们应对任何风险提供了充足的空间，包括劳动力市场条件进一步恶化的风险。通胀的起伏现在让我们转向探讨为什么通胀上升，以及为什么在失业率保持低位的情况下通胀却显著下降。关于这些问题的研究正在不断增加，现在是讨论这些问题的好时机。当然，现在做出明确的评估还为时过早。这一时期将会在许多年后一直被分析和讨论。新冠疫情的到来迅速导致全球范围内的经济停摆。这是一个充满不确定性和严重下行风险的时期。在危机时期，美国人一如既往地适应和创新。政府做出了前所未有的强力回应，尤其是在美国，国会一致通过了《CARES法案》。在美联储，我们以前所未有的力度运用了我们的权力，稳定金融体系，帮助避免经济萧条。在经历了一次历史性深度但短暂的衰退后，经济在2020年年中开始复苏。随着严重、长期衰退的风险消退，经济重新开放，我们面临着重蹈全球金融危机后缓慢复苏的风险。国会在2020年底和2021年初提供了大量额外的财政支持。2021年上半年，（消费）支出强劲复苏。持续的疫情塑造了（消费市场的）复苏模式。对疫情的持续担忧影响了面对面服务的消费。但被压抑的需求、刺激政策、工作和休闲方式因疫情变化，以及服务消费受限带来的额外储蓄，共同推动了消费者商品支出的历史性激增。疫情也对供应状况造成了严重破坏。疫情爆发之初，800万人退出了劳动力市场，到2021年初，劳动力规模仍比疫情前减少了400万。劳动力规模直到2023年年中才恢复到疫情前的趋势。供应链因工人流失、国际贸易联系中断以及需求结构和水平的剧变而混乱不堪。显然，这与全球金融危机后的缓慢复苏完全不同。通胀随之而来。在2020年通胀率低于目标之后，通胀在2021年3月和4月大幅攀升。最初的通胀激增集中在供应短缺的商品上，如机动车辆，价格涨幅极大。我和我的同事们最初判断，这些与疫情相关的因素不会持续，因此认为通胀的突然上升可能会很快过去，不需要货币政策的干预——简言之，通胀是暂时的。长期以来的标准观点是，只要通胀预期保持稳固，央行可以无视暂时的通胀上升。“暂时性通胀”这一观点在当时被广泛接受，大多数主流分析师和发达经济体的央行行长都持这一看法。普遍的预期是，供应状况会较快改善，需求的迅速复苏将走到尽头，需求会从商品转向服务，从而降低通胀。一段时间内，数据与暂时性通胀的假设一致。2021年4月至9月，核心通胀的月度读数每月都在下降，尽管进展比预期缓慢。到年中，这一假设的支撑开始减弱，我们的沟通也反映了这一点。从10月开始，数据明显不再支持暂时性通胀的假设。通胀上升开始从商品扩展到服务领域。很明显，高通胀并非暂时现象，如果要保持通胀预期的稳定，就需要强有力的政策回应。我们意识到了这一点，并从11月开始调整政策。金融条件开始收紧。在逐步结束资产购买后，我们于2022年3月启动了加息。到2022年初，总体通胀率已超过6%，核心通胀率超过5%。新的供应冲击出现了。俄乌战争爆发导致能源和商品价格大幅上涨。供应状况的改善，以及需求从商品向服务的转变比预期更长，部分原因是美国的疫情进一步发展。疫情也继续在全球范围内扰乱主要经济体的生产。高通胀率是一种全球现象，反映了共同的经历：商品需求迅速增加，供应链紧张，劳动力市场紧张，商品价格急剧上涨。全球范围内的通胀与1970年代以来的任何时期都不同。当时，高通胀根深蒂固——我们坚决致力于避免这种情况。到2022年中，劳动力市场极度紧张，自2021年中以来，劳动力需求增加超过650万。这种劳动力需求的增加，部分能由疫情消退后工人重回职场满足。但劳动力供应仍然受到限制，到2022年夏季，劳动参与率仍然远低于疫情前的水平。从2022年3月到年底，职位空缺几乎是失业人数的两倍，这表明劳动力严重短缺。通胀在2022年6月达到峰值，为7.1%。两年前在这个讲坛上，我讨论了应对通胀可能带来的一些痛苦，如失业率上升和经济增长放缓。一些人认为，控制通胀需要一场衰退和长期高失业率。我表达了我们坚定不移的承诺，即全面恢复价格稳定，并坚持下去，直到任务完成。FOMC没有退缩，坚定地履行了我们的职责，我们的行动有力地表明了我们对恢复价格稳定的承诺。我们在2022年将政策利率提高了425个基点，2023年又提高了100个基点。自2023年7月以来，我们一直保持政策利率在当前的紧缩水平。2022年的夏天成为了通胀的顶峰。两年内通胀率从峰值下降了4.5个百分点，这一过程中失业率依然保持在低位，这是一个受欢迎且历史上不常见的结果。为什么通胀下降了，而失业率没有显著上升？与疫情相关的供需扭曲，以及能源和商品市场的严重冲击是高通胀的重要驱动因素，它们的逆转也是通胀下降的关键部分。这些因素的消退（时间）比预期要长，但最终在随后的通胀下降中发挥了重要作用。我们的紧缩货币政策促使总需求适度下降，这与总供应的改善相结合，降低了通胀压力，同时允许经济以健康的速度继续增长。随着劳动力需求的放缓，通过职位空缺的减少，职位空缺相对于失业的历史性高水平已经正常化，同时没有出现大规模和破坏性的裁员，从而使劳动力市场不再成为通胀压力的来源。这里也要提一嘴通胀预期的关键重要性。标准经济模型长期以来的观点是，只要产品和劳动力市场平衡，通胀就会回到目标水平——无需经济放缓——只要通胀预期稳定在我们的目标水平上。这是模型所说的，但自2000年代以来，长期通胀预期的稳定性从来没有受到持续高通胀的考验。通胀之锚是否会保持稳定远非确定。对于通胀预期脱钩的担忧加剧了这样一种观点，即通胀下降需要经济放缓，特别是在劳动力市场方面。最近经验的重要启示是，稳固的通胀预期，加上央行的强力行动，可以在不需要经济放缓的情况下实现通胀下降。这一叙述将通胀上升的原因，主要归因于过热和暂时扭曲的需求，与受限的供给之间的异常碰撞。虽然研究者在方法上有所不同，在结论上也有所分歧，但似乎正在形成一种共识，我认为这种共识将通胀上升的主要原因归因于这种碰撞。总的来说，随着市场从疫情造成的扭曲中恢复，我们努力适度抑制总需求，以及预期的锚定，这些共同作用，正在使通胀越来越明显地走上可持续达到我们2%目标的路径。在保持劳动力市场强劲的同时实现通胀下降，只有在通胀预期锚定的情况下才有可能，这反映了公众对央行能够在时间内实现2%通胀的信心。这种信心是几十年来建立的，并通过我们的行动得到了加强。这是我对事件的评估。你可能有不同的看法。结论最后，我想强调，疫情经济被证明与以往任何时期都不同，这一非常时期还有许多值得学习的地方。美联储在《长期目标和货币政策策略声明》中承诺，每五年通过全面的公开审查来审视我们的原则并做出适当调整。随着我们今年晚些时候开始这一进程，我们将对批评和新想法保持开放态度，同时保持我们框架的优势。我们知识的局限性——在疫情期间显而易见——要求我们保持谦逊和质疑精神，专注于从过去经验中汲取教训，并灵活地将其应用于当前挑战。分析“美联储传声筒”Nick Timiraos在社交媒体发文称，今日的讲话表明鲍威尔的政策转向已经完成，鲍威尔在讲话中表现出了全面的鸽派，两年前他还在同一时期表示，美联储将接受经济衰退作为恢复通胀的代价。互换市场保持稳定，预计美联储年末前将有近100个基点的降息幅度。美股三大指数持续拉升，纳指涨1.7%。美元指数DXY失守101，为去年12月来首次，日内跌幅0.51%。两年期美国国债收益率从周四的4.009%降至3.943%。10年期国债收益率为3.807%，低于周四的3.862%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341156569002200,"gmtCreate":1724300094276,"gmtModify":1724308081665,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"Queued in a nice timing &amp; only take time less than 30min [Miser]&nbsp;&nbsp;","listText":"Queued in a nice timing &amp; only take time less than 30min [Miser]&nbsp;&nbsp;","text":"Queued in a nice timing & only take time less than 30min [Miser]","images":[{"img":"https://community-static.tradeup.com/news/e859b94e8682ce6bedfaa6430b63d6a1","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/341156569002200","isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},{"id":340864822353928,"gmtCreate":1724249973182,"gmtModify":1724249976095,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"‌<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ &nbsp;</a>‌‌<a href=\"\">[惊讶]&nbsp;</a>‌","listText":"‌<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ &nbsp;</a>‌‌<a href=\"\">[惊讶]&nbsp;</a>‌","text":"‌$英伟达(NVDA)$ ‌‌[惊讶] ‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340864822353928","repostId":"1108359135","repostType":2,"repost":{"id":"1108359135","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1724249625,"share":"https://ttm.financial/m/news/1108359135?lang=&edition=fundamental","pubTime":"2024-08-21 22:13","market":"us","language":"zh","title":"英伟达首个AI NPC入驻游戏，玩家可语音对话和NPC交流","url":"https://stock-news.laohu8.com/highlight/detail?id=1108359135","media":"老虎资讯综合","summary":"可以创建出前所未有的游戏角色。","content":"<html><head></head><body><p>周三，英伟达盘初拉升涨超1%。英伟达放出一段游戏demo，玩家可以用语音对话的方式和NPC交流，了解关卡目标、优化装备配置，随后调整武器配色开始战斗。NVIDIAACE是一个允许开发者通过生成式AI创建智能游戏NPC的平台。简而言之，ACE可以创建出前所未有的全语音、全动态视频游戏角色。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96d63a7718d641e192eeca02108586ce\" tg-width=\"560\" tg-height=\"240\"/></p><p></p></body></html>","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>英伟达首个AI NPC入驻游戏，玩家可语音对话和NPC交流</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n英伟达首个AI NPC入驻游戏，玩家可语音对话和NPC交流\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2024-08-21 22:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>周三，英伟达盘初拉升涨超1%。英伟达放出一段游戏demo，玩家可以用语音对话的方式和NPC交流，了解关卡目标、优化装备配置，随后调整武器配色开始战斗。NVIDIAACE是一个允许开发者通过生成式AI创建智能游戏NPC的平台。简而言之，ACE可以创建出前所未有的全语音、全动态视频游戏角色。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96d63a7718d641e192eeca02108586ce\" tg-width=\"560\" tg-height=\"240\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7308276753c5ff6ceaac8e2cceebffd3","relate_stocks":{"NVDA":"英伟达"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108359135","content_text":"周三，英伟达盘初拉升涨超1%。英伟达放出一段游戏demo，玩家可以用语音对话的方式和NPC交流，了解关卡目标、优化装备配置，随后调整武器配色开始战斗。NVIDIAACE是一个允许开发者通过生成式AI创建智能游戏NPC的平台。简而言之，ACE可以创建出前所未有的全语音、全动态视频游戏角色。","news_type":1},"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340821532471528,"gmtCreate":1724239424933,"gmtModify":1724239426679,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340821532471528","repostId":"339130994532680","repostType":1,"repost":{"id":339130994532680,"gmtCreate":1723799892562,"gmtModify":1723813654037,"author":{"id":"3569274903458035","authorId":"3569274903458035","authorIdStr":"3569274903458035","name":"HLPA","avatar":"https://static.tigerbbs.com/07e7b987a9127c5a47dbc3ae02db548b","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569274903458035"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v> At below 200, I had already picked up some shares and would not hesitate to pick up more should it falls to 190ish again. TSLA never fails to reward those who buy them at the dips. Without doubt, the mame Elom Musk itself , the shares notwithstanding, strikes a magical tune for Tesla. Good news or bad, TSLA will ride with the tide. Buy low, sell high works well with this stock. Never fail me provided you stay patient and wait for your levels to realise a good reasonable profit. Of course you will need to do your due diligence first and then make yoir move.&nbsp;Good luck trading this stock!","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v> At below 200, I had already picked up some shares and would not hesitate to pick up more should it falls to 190ish again. TSLA never fails to reward those who buy them at the dips. Without doubt, the mame Elom Musk itself , the shares notwithstanding, strikes a magical tune for Tesla. Good news or bad, TSLA will ride with the tide. Buy low, sell high works well with this stock. Never fail me provided you stay patient and wait for your levels to realise a good reasonable profit. Of course you will need to do your due diligence first and then make yoir move.&nbsp;Good luck trading this stock!","text":"$Tesla Motors(TSLA)$ At below 200, I had already picked up some shares and would not hesitate to pick up more should it falls to 190ish again. TSLA never fails to reward those who buy them at the dips. Without doubt, the mame Elom Musk itself , the shares notwithstanding, strikes a magical tune for Tesla. Good news or bad, TSLA will ride with the tide. Buy low, sell high works well with this stock. Never fail me provided you stay patient and wait for your levels to realise a good reasonable profit. Of course you will need to do your due diligence first and then make yoir move. Good luck trading this stock!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/339130994532680","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340775689629912,"gmtCreate":1724239355880,"gmtModify":1724239357660,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340775689629912","repostId":"340164651098224","repostType":1,"repost":{"id":340164651098224,"gmtCreate":1724079034139,"gmtModify":1724135405631,"author":{"id":"3574136058061437","authorId":"3574136058061437","authorIdStr":"3574136058061437","name":"Changjieming","avatar":"https://static.tigerbbs.com/fc405e9f366cb34e826787dc45d36977","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574136058061437"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v> Always bullish for Nvidia since I bought this stock in 2021. NO REGRETS. So thankful I'm not a paper hand but a diamond hand instead. HOLD STRONG and ride out the waves!&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>buy long dated calls if you can! Believe in Jensen Huang. <a href=\"https://ttm.financial/OPT/NVDA 20240816 1040.0 CALL\">$NVDA 20240816 1040.0 CALL$</a> &nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v> Always bullish for Nvidia since I bought this stock in 2021. NO REGRETS. So thankful I'm not a paper hand but a diamond hand instead. HOLD STRONG and ride out the waves!&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>buy long dated calls if you can! Believe in Jensen Huang. <a href=\"https://ttm.financial/OPT/NVDA 20240816 1040.0 CALL\">$NVDA 20240816 1040.0 CALL$</a> &nbsp;","text":"$NVIDIA Corp(NVDA)$ Always bullish for Nvidia since I bought this stock in 2021. NO REGRETS. So thankful I'm not a paper hand but a diamond hand instead. HOLD STRONG and ride out the waves! $NVIDIA Corp(NVDA)$ buy long dated calls if you can! Believe in Jensen Huang. $NVDA 20240816 1040.0 CALL$","images":[{"img":"https://community-static.tradeup.com/news/f8d16dbba2b03e9cc36897972aab8fed","width":"309","height":"533"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340164651098224","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340821131845712,"gmtCreate":1724239325672,"gmtModify":1724239329712,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340821131845712","repostId":"340521802485960","repostType":1,"repost":{"id":340521802485960,"gmtCreate":1724166149953,"gmtModify":1724239802368,"author":{"id":"4093561479903300","authorId":"4093561479903300","authorIdStr":"4093561479903300","name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/8d914d0fac29a13d969545b323fbfe8a","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4093561479903300"},"themes":[],"htmlText":"I closed <a href=\"https://ttm.financial/OPT/NVDA 20240830 115.0 PUT\">$NVDA 20240830 115.0 PUT$&nbsp;</a> ,Bought back this put first :) Will resell again if NVDA shows further weakness or I may buy into the stock.","listText":"I closed <a href=\"https://ttm.financial/OPT/NVDA 20240830 115.0 PUT\">$NVDA 20240830 115.0 PUT$&nbsp;</a> ,Bought back this put first :) Will resell again if NVDA shows further weakness or I may buy into the stock.","text":"I closed $NVDA 20240830 115.0 PUT$ ,Bought back this put first :) Will resell again if NVDA shows further weakness or I may buy into the stock.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340521802485960","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":339301582782864,"gmtCreate":1723841439847,"gmtModify":1724052677573,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/COHR 20240830 71.0 CALL\">$COHR 20240830 71.0 CALL$</a> I hope this is a just a start &nbsp;💵🤑💵","listText":"<a href=\"https://ttm.financial/OPT/COHR 20240830 71.0 CALL\">$COHR 20240830 71.0 CALL$</a> I hope this is a just a start &nbsp;💵🤑💵","text":"$COHR 20240830 71.0 CALL$ I hope this is a just a start 💵🤑💵","images":[{"img":"https://community-static.tradeup.com/news/9bf4c79314d9134e3530a86322615dd5","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/339301582782864","isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},{"id":338726506795144,"gmtCreate":1723737733204,"gmtModify":1723738256821,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> up up up","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> up up up","text":"$NVIDIA Corp(NVDA)$ up up up","images":[{"img":"https://community-static.tradeup.com/news/bb3229dbfd97091cc9b4cf1bf05a94b4","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338726506795144","isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":338711914229952,"gmtCreate":1723734170957,"gmtModify":1723734410311,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338711914229952","repostId":"338813499564072","repostType":1,"repost":{"id":338813499564072,"gmtCreate":1723726860662,"gmtModify":1723727035844,"author":{"id":"4102740236684050","authorId":"4102740236684050","authorIdStr":"4102740236684050","name":"MaverickWealthBuilder","avatar":"https://community-static.tradeup.com/news/bbf0f514b8e5abb92266789b89f6e1e6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102740236684050"},"themes":[],"title":"Alibaba Q1: Weak Consumption, Fierce Competition, High Valuation","htmlText":"E-commerce earnings report to see Ali, Ali earnings report to see Amoy days.Just out of the end of June earnings (Ali Q1 FY2025) still continue to last quarter's \"mixed\". <a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> <a href=\"https://ttm.financial/S/89988\">$BABA-SWR(89988)$</a> <a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a> WorriesThe most important domestic retail \"Taotian Group\" was unexpectedly Miss expectations, and because the market in the Q2 domestic consumption environment changes in the overall environment, has lowered expectations, so the consensus is more conservative, but also shows that Taotian industry is still under pressure.The growth rate of international business, Cainiao logistics and other businesses is still optimistic, but since the market a","listText":"E-commerce earnings report to see Ali, Ali earnings report to see Amoy days.Just out of the end of June earnings (Ali Q1 FY2025) still continue to last quarter's \"mixed\". <a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> <a href=\"https://ttm.financial/S/89988\">$BABA-SWR(89988)$</a> <a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a> WorriesThe most important domestic retail \"Taotian Group\" was unexpectedly Miss expectations, and because the market in the Q2 domestic consumption environment changes in the overall environment, has lowered expectations, so the consensus is more conservative, but also shows that Taotian industry is still under pressure.The growth rate of international business, Cainiao logistics and other businesses is still optimistic, but since the market a","text":"E-commerce earnings report to see Ali, Ali earnings report to see Amoy days.Just out of the end of June earnings (Ali Q1 FY2025) still continue to last quarter's \"mixed\". $Alibaba(BABA)$ $BABA-SWR(89988)$ $Alibaba(09988)$ WorriesThe most important domestic retail \"Taotian Group\" was unexpectedly Miss expectations, and because the market in the Q2 domestic consumption environment changes in the overall environment, has lowered expectations, so the consensus is more conservative, but also shows that Taotian industry is still under pressure.The growth rate of international business, Cainiao logistics and other businesses is still optimistic, but since the market a","images":[{"img":"https://community-static.tradeup.com/news/d9711efee1679b6c950d142d16cb85af","width":"800","height":"480"},{"img":"https://community-static.tradeup.com/news/0079c5c085a7c9097a2c7ad5e1adc940","width":"750","height":"450"},{"img":"https://community-static.tradeup.com/news/649cd7c6a93810e13a63dff8e68b569d","width":"750","height":"450"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338813499564072","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001458958,"gmtCreate":1641307248637,"gmtModify":1676533595552,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>🚀🚀🚀","listText":"<a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>🚀🚀🚀","text":"$Taiwan Semiconductor Manufacturing(TSM)$🚀🚀🚀","images":[{"img":"https://static.itradeup.com/news/81bc91267f7fe8e1148379766195ba84","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001458958","isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":349065303150632,"gmtCreate":1726251275275,"gmtModify":1726456461819,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/GOOGL 20241018 160.0 CALL\">$GOOGL 20241018 160.0 CALL$</a> the most important things is be patient!","listText":"<a href=\"https://ttm.financial/OPT/GOOGL 20241018 160.0 CALL\">$GOOGL 20241018 160.0 CALL$</a> the most important things is be patient!","text":"$GOOGL 20241018 160.0 CALL$ the most important things is be patient!","images":[{"img":"https://community-static.tradeup.com/news/1d4c27759e32b6165192d2e0109d0f80","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":3,"link":"https://ttm.financial/post/349065303150632","isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":341156569002200,"gmtCreate":1724300094276,"gmtModify":1724308081665,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"Queued in a nice timing &amp; only take time less than 30min [Miser]&nbsp;&nbsp;","listText":"Queued in a nice timing &amp; only take time less than 30min [Miser]&nbsp;&nbsp;","text":"Queued in a nice timing & only take time less than 30min [Miser]","images":[{"img":"https://community-static.tradeup.com/news/e859b94e8682ce6bedfaa6430b63d6a1","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/341156569002200","isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},{"id":9001458958,"gmtCreate":1641307248637,"gmtModify":1676533595552,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>🚀🚀🚀","listText":"<a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>🚀🚀🚀","text":"$Taiwan Semiconductor Manufacturing(TSM)$🚀🚀🚀","images":[{"img":"https://static.itradeup.com/news/81bc91267f7fe8e1148379766195ba84","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001458958","isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343404939825368,"gmtCreate":1724868679409,"gmtModify":1724868683347,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/PDD 20240830 90.0 PUT\">$PDD 20240830 90.0 PUT$</a> make a good decision 🤑💰","listText":"<a href=\"https://ttm.financial/OPT/PDD 20240830 90.0 PUT\">$PDD 20240830 90.0 PUT$</a> make a good decision 🤑💰","text":"$PDD 20240830 90.0 PUT$ make a good decision 🤑💰","images":[{"img":"https://community-static.tradeup.com/news/9d97e399c206bf78a25d2c2414b114ea","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343404939825368","isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":340864822353928,"gmtCreate":1724249973182,"gmtModify":1724249976095,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"‌<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ &nbsp;</a>‌‌<a href=\"\">[惊讶]&nbsp;</a>‌","listText":"‌<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ &nbsp;</a>‌‌<a href=\"\">[惊讶]&nbsp;</a>‌","text":"‌$英伟达(NVDA)$ ‌‌[惊讶] ‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340864822353928","repostId":"1108359135","repostType":2,"repost":{"id":"1108359135","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1724249625,"share":"https://ttm.financial/m/news/1108359135?lang=&edition=fundamental","pubTime":"2024-08-21 22:13","market":"us","language":"zh","title":"英伟达首个AI NPC入驻游戏，玩家可语音对话和NPC交流","url":"https://stock-news.laohu8.com/highlight/detail?id=1108359135","media":"老虎资讯综合","summary":"可以创建出前所未有的游戏角色。","content":"<html><head></head><body><p>周三，英伟达盘初拉升涨超1%。英伟达放出一段游戏demo，玩家可以用语音对话的方式和NPC交流，了解关卡目标、优化装备配置，随后调整武器配色开始战斗。NVIDIAACE是一个允许开发者通过生成式AI创建智能游戏NPC的平台。简而言之，ACE可以创建出前所未有的全语音、全动态视频游戏角色。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96d63a7718d641e192eeca02108586ce\" tg-width=\"560\" tg-height=\"240\"/></p><p></p></body></html>","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>英伟达首个AI NPC入驻游戏，玩家可语音对话和NPC交流</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n英伟达首个AI NPC入驻游戏，玩家可语音对话和NPC交流\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2024-08-21 22:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>周三，英伟达盘初拉升涨超1%。英伟达放出一段游戏demo，玩家可以用语音对话的方式和NPC交流，了解关卡目标、优化装备配置，随后调整武器配色开始战斗。NVIDIAACE是一个允许开发者通过生成式AI创建智能游戏NPC的平台。简而言之，ACE可以创建出前所未有的全语音、全动态视频游戏角色。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96d63a7718d641e192eeca02108586ce\" tg-width=\"560\" tg-height=\"240\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7308276753c5ff6ceaac8e2cceebffd3","relate_stocks":{"NVDA":"英伟达"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108359135","content_text":"周三，英伟达盘初拉升涨超1%。英伟达放出一段游戏demo，玩家可以用语音对话的方式和NPC交流，了解关卡目标、优化装备配置，随后调整武器配色开始战斗。NVIDIAACE是一个允许开发者通过生成式AI创建智能游戏NPC的平台。简而言之，ACE可以创建出前所未有的全语音、全动态视频游戏角色。","news_type":1},"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":339301582782864,"gmtCreate":1723841439847,"gmtModify":1724052677573,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/COHR 20240830 71.0 CALL\">$COHR 20240830 71.0 CALL$</a> I hope this is a just a start &nbsp;💵🤑💵","listText":"<a href=\"https://ttm.financial/OPT/COHR 20240830 71.0 CALL\">$COHR 20240830 71.0 CALL$</a> I hope this is a just a start &nbsp;💵🤑💵","text":"$COHR 20240830 71.0 CALL$ I hope this is a just a start 💵🤑💵","images":[{"img":"https://community-static.tradeup.com/news/9bf4c79314d9134e3530a86322615dd5","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/339301582782864","isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},{"id":348414905765944,"gmtCreate":1726104802250,"gmtModify":1726104804756,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"I hope I make a good decision to buy in at right time [害羞]&nbsp;&nbsp; <a href=\"https://ttm.financial/OPT/GOOGL 20241018 160.0 CALL\">$GOOGL 20241018 160.0 CALL$</a>&nbsp;","listText":"I hope I make a good decision to buy in at right time [害羞]&nbsp;&nbsp; <a href=\"https://ttm.financial/OPT/GOOGL 20241018 160.0 CALL\">$GOOGL 20241018 160.0 CALL$</a>&nbsp;","text":"I hope I make a good decision to buy in at right time [害羞] $GOOGL 20241018 160.0 CALL$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348414905765944","repostId":"1174691541","repostType":4,"repost":{"id":"1174691541","pubTimestamp":1726104600,"share":"https://ttm.financial/m/news/1174691541?lang=&edition=fundamental","pubTime":"2024-09-12 09:30","market":"us","language":"en","title":"Google Almost Cut Ad Exchange Fees Ahead of Antitrust Crackdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1174691541","media":"Bloomberg","summary":"Company’s 20% fee is highest in industry, witnesses sayFormer executives testified at Justice Department trialEight years ago, Google debated slashing the fees for its advertising exchange — the highe","content":"<html><head></head><body><ul style=\"\"><li><p>Company’s 20% fee is highest in industry, witnesses say</p></li><li><p>Former executives testified at Justice Department trial</p></li></ul><p>Eight years ago, Google debated slashing the fees for its advertising exchange — the highest in the industry — after websites developed a way to boost online ad revenue while bypassing the company’s tools, former executives testified as part of a US Justice Department antitrust trial.</p><p style=\"text-align: start;\">Websites selling display ads had developed a new technology, known as header bidding, to try and counter Google’s high fee structure and squeeze more revenue from the transactions. The Alphabet Inc. unit never cut its 20% fee, and instead developed a modified version of the technology in 2019.</p><p style=\"text-align: start;\">In a trial that kicked off this week in federal court in Alexandria, Virginia, antitrust enforcers allege that Google has illegally monopolized the technology used to buy and sell online display advertising.</p><p style=\"text-align: start;\">The company controls a complex pipeline of technology products used by websites to sell space, as well as tools for advertisers and an exchange that connects ad buyers and sellers.</p><h3 id=\"id_1121916210\" style=\"text-align: start;\">Google’s Dominance</h3><p style=\"text-align: start;\">The Justice Department and state attorneys general say that Google’s dominance in the industry has allowed it to overcharge customers, estimating the company keeps between $36 and $37 dollars out of $100 that marketers spend for display ads. They also say the company used its dominance in online ads to keep out rivals.</p><p>Government witness Jay Friedman, the CEO of marketing company Goodway Group, which works with advertisers and ad agencies on campaigns, said he was able to negotiate lower rates with several other ad exchanges, but “Google said it wasn’t an option” to lower rates. His company considered not using Google’s ad exchange because of its higher fees, but found the other exchanges couldn’t offer enough advertising supply.</p><p style=\"text-align: start;\">Former Google executives testified Tuesday and Wednesday about how the company dealt with pricing and competitive technologies.</p><p style=\"text-align: start;\">Eisar Lipkovitz, a former vice president of engineering for display and video ads from 2014 to 2019, recalled internal discussions about whether Google should cut the fees charged by its advertising exchange, AdX, ultimately recommending a 10-15% fee. But the 20% fee was never lowered, demonstrating Google’s ability to keep prices high without harming its business, DOJ lawyers alleged.</p><p>“I did not have authority to make decisions,” he said in video testimony played in court.</p><p style=\"text-align: start;\">Lipkovitz acknowledged the high Adx fees led websites to adopt header bidding, through which websites conduct ad auctions within the browser as a web page loads, allowing multiple exchanges to compete simultaneously for the ad space.</p><p style=\"text-align: start;\">Header bidding helped publishers boost their revenue by as much as 50%, Stephanie Layser, a former News Corp. executive, testified Tuesday.</p><p style=\"text-align: start;\">Lipkovitz, who left Google in 2019 to join Lyft Inc., said that Google viewed ads sold through header bidding as lower quality, and likely to be impacted by spam and fraud. But Layser, who now works at Amazon.com Inc. and has helped 25 publishers adopt header bidding, said ads sold through Google were just as likely to have problems with spam or fraud.</p><h3 id=\"id_716335514\" style=\"text-align: start;\">‘Long-Term Threat’</h3><p style=\"text-align: start;\">In internal documents, Google referred to header bidding as a “serious long- term threat” since it could move business away from its ad exchange.</p><p>“The problem is that HB exists,” another Google employee wrote, adding a smiley face emoji. “Publishers felt locked in” to Google’s tools “which only gave Adx the ability to compete, so HB was born.”</p><p>Brad Bender, Google’s former vice president of product for display and video ads who joined the company when it bought DoubleClick in 2008, testified on Wednesday. He was asked about an email he sent to Google’s entire display ads team with notes from a talk by former DoubleClick CEO David Rosenblatt, outlining the company’s strategy in using its ad server product — known as DoubleClick for Publishers or DFP – to lock in customers.</p><p style=\"text-align: start;\">Websites were unlikely to move away from their ad server because of the “huge switching cost,” Rosenblatt said in the notes. “Switching platforms is a nightmare,” he wrote. “It takes an act of God to do it.”</p><p style=\"text-align: start;\">Because of its access to the publisher ad servers, Google also could get a “first look” at ad space for sale, giving it advantages over other exchanges, Rosenblatt said. “We’ll be able to crush the other networks and that’s our goal.”</p><p style=\"text-align: start;\">Bender said he shared Rosenblatt’s talk so that colleagues could gain additional perspectives before an upcoming planning meeting, but that the comments didn’t reflect how he felt.</p></body></html>","source":"lsy1584095487587","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>Google Almost Cut Ad Exchange Fees Ahead of Antitrust Crackdown</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nGoogle Almost Cut Ad Exchange Fees Ahead of Antitrust Crackdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-12 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-09-12/google-almost-cut-ad-exchange-fees-ahead-of-antitrust-crackdown?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company’s 20% fee is highest in industry, witnesses sayFormer executives testified at Justice Department trialEight years ago, Google debated slashing the fees for its advertising exchange — the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-09-12/google-almost-cut-ad-exchange-fees-ahead-of-antitrust-crackdown?srnd=homepage-americas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://www.bloomberg.com/news/articles/2024-09-12/google-almost-cut-ad-exchange-fees-ahead-of-antitrust-crackdown?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174691541","content_text":"Company’s 20% fee is highest in industry, witnesses sayFormer executives testified at Justice Department trialEight years ago, Google debated slashing the fees for its advertising exchange — the highest in the industry — after websites developed a way to boost online ad revenue while bypassing the company’s tools, former executives testified as part of a US Justice Department antitrust trial.Websites selling display ads had developed a new technology, known as header bidding, to try and counter Google’s high fee structure and squeeze more revenue from the transactions. The Alphabet Inc. unit never cut its 20% fee, and instead developed a modified version of the technology in 2019.In a trial that kicked off this week in federal court in Alexandria, Virginia, antitrust enforcers allege that Google has illegally monopolized the technology used to buy and sell online display advertising.The company controls a complex pipeline of technology products used by websites to sell space, as well as tools for advertisers and an exchange that connects ad buyers and sellers.Google’s DominanceThe Justice Department and state attorneys general say that Google’s dominance in the industry has allowed it to overcharge customers, estimating the company keeps between $36 and $37 dollars out of $100 that marketers spend for display ads. They also say the company used its dominance in online ads to keep out rivals.Government witness Jay Friedman, the CEO of marketing company Goodway Group, which works with advertisers and ad agencies on campaigns, said he was able to negotiate lower rates with several other ad exchanges, but “Google said it wasn’t an option” to lower rates. His company considered not using Google’s ad exchange because of its higher fees, but found the other exchanges couldn’t offer enough advertising supply.Former Google executives testified Tuesday and Wednesday about how the company dealt with pricing and competitive technologies.Eisar Lipkovitz, a former vice president of engineering for display and video ads from 2014 to 2019, recalled internal discussions about whether Google should cut the fees charged by its advertising exchange, AdX, ultimately recommending a 10-15% fee. But the 20% fee was never lowered, demonstrating Google’s ability to keep prices high without harming its business, DOJ lawyers alleged.“I did not have authority to make decisions,” he said in video testimony played in court.Lipkovitz acknowledged the high Adx fees led websites to adopt header bidding, through which websites conduct ad auctions within the browser as a web page loads, allowing multiple exchanges to compete simultaneously for the ad space.Header bidding helped publishers boost their revenue by as much as 50%, Stephanie Layser, a former News Corp. executive, testified Tuesday.Lipkovitz, who left Google in 2019 to join Lyft Inc., said that Google viewed ads sold through header bidding as lower quality, and likely to be impacted by spam and fraud. But Layser, who now works at Amazon.com Inc. and has helped 25 publishers adopt header bidding, said ads sold through Google were just as likely to have problems with spam or fraud.‘Long-Term Threat’In internal documents, Google referred to header bidding as a “serious long- term threat” since it could move business away from its ad exchange.“The problem is that HB exists,” another Google employee wrote, adding a smiley face emoji. “Publishers felt locked in” to Google’s tools “which only gave Adx the ability to compete, so HB was born.”Brad Bender, Google’s former vice president of product for display and video ads who joined the company when it bought DoubleClick in 2008, testified on Wednesday. He was asked about an email he sent to Google’s entire display ads team with notes from a talk by former DoubleClick CEO David Rosenblatt, outlining the company’s strategy in using its ad server product — known as DoubleClick for Publishers or DFP – to lock in customers.Websites were unlikely to move away from their ad server because of the “huge switching cost,” Rosenblatt said in the notes. “Switching platforms is a nightmare,” he wrote. “It takes an act of God to do it.”Because of its access to the publisher ad servers, Google also could get a “first look” at ad space for sale, giving it advantages over other exchanges, Rosenblatt said. “We’ll be able to crush the other networks and that’s our goal.”Bender said he shared Rosenblatt’s talk so that colleagues could gain additional perspectives before an upcoming planning meeting, but that the comments didn’t reflect how he felt.","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341690167841112,"gmtCreate":1724461041752,"gmtModify":1724461045326,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/CSCO 20241018 47.5 CALL\">$CSCO 20241018 47.5 CALL$</a> amazing this 2 weeks","listText":"<a href=\"https://ttm.financial/OPT/CSCO 20241018 47.5 CALL\">$CSCO 20241018 47.5 CALL$</a> amazing this 2 weeks","text":"$CSCO 20241018 47.5 CALL$ amazing this 2 weeks","images":[{"img":"https://community-static.tradeup.com/news/2060725ba63bc2c7cd5adc07543e7813","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341690167841112","isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":341677163356448,"gmtCreate":1724457863091,"gmtModify":1724457866992,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"‌<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ &nbsp;</a>‌welcome to earning report week","listText":"‌<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ &nbsp;</a>‌welcome to earning report week","text":"‌$英伟达(NVDA)$ ‌welcome to earning report week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341677163356448","repostId":"1125084630","repostType":4,"repost":{"id":"1125084630","pubTimestamp":1724425773,"share":"https://ttm.financial/m/news/1125084630?lang=&edition=fundamental","pubTime":"2024-08-23 23:09","market":"us","language":"zh","title":"系好安全带！8月惊魂后英伟达下周迎“大考”！华尔街一致看好","url":"https://stock-news.laohu8.com/highlight/detail?id=1125084630","media":"智通财经网","summary":"预计英伟达上季度的营收将增长112%。","content":"<html><head></head><body><p style=\"text-align: justify;\">周五，英伟达股价随大市走高，截至发稿涨幅超3%。在8月的第二季度财报发布前， 英伟达的投资者经历了一场过山车般的行情。其股价在8月5日跌破了100美元，随后反弹，并在12日至19日期间连续六天上涨。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b5fb4676300ea08970fcec49399020c\" tg-width=\"560\" tg-height=\"240\"/></p><p style=\"text-align: justify;\"><strong>英伟达将于美东时间8月28日盘后公布第二财季业绩，Wedbush表示，这一事件可能是科技行业多年来“最重要的”事件。</strong></p><p style=\"text-align: justify;\">KeyBanc分析师John Vinh是最新一批认为该公司为何有望超越高预期的华尔街分析师之一。<strong>该分析师重申对该股的“买入”评级，目标价为 180 美元。</strong></p><p style=\"text-align: justify;\">Vinh 在最近的一份报告中写道：“我们认为，第三季度 Blackwell 出货量的适度预期已经随着 Hopper 订单量的增加而得到满足。”</p><p style=\"text-align: justify;\">“我们预计英伟达将公布超出预期/上调的业绩，其中上行趋势将受到对 Hopper GPU 的强劲需求的推动。”</p><p style=\"text-align: justify;\"><strong>花旗本周也重申了对英伟达的“买入”评级，标价为 150 美元。</strong>他们预计“Blackwell的评论将让投资者对 2025 年的强劲前景充满信心，并且该股将创下 52 周新高。”</p><p style=\"text-align: justify;\"><strong>高盛分析师也重申了对英伟达的“买入”评级，并将其列入该公司的“强力买入名单”。</strong></p><p style=\"text-align: justify;\">华尔街对大型科技公司的人工智能基础设施支出仍持乐观态度，高盛最近表示，它相信“大型云服务提供商和企业的客户需求强劲，而英伟达在人工智能/加速计算领域的强劲竞争地位依然完好无损。”</p><p style=\"text-align: justify;\">分析师预测英伟达上季度的营收将增长112%，不过这与去年同期超过 250% 的增幅相比有所放缓。</p></body></html>","source":"stock_zhitongcaijing","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>系好安全带！8月惊魂后英伟达下周迎“大考”！华尔街一致看好</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n系好安全带！8月惊魂后英伟达下周迎“大考”！华尔街一致看好\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-23 23:09 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.zhitongcaijing.com/content/detail/1169203.html><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>周五，英伟达股价随大市走高，截至发稿涨幅超3%。在8月的第二季度财报发布前， 英伟达的投资者经历了一场过山车般的行情。其股价在8月5日跌破了100美元，随后反弹，并在12日至19日期间连续六天上涨。英伟达将于美东时间8月28日盘后公布第二财季业绩，Wedbush表示，这一事件可能是科技行业多年来“最重要的”事件。KeyBanc分析师John Vinh是最新一批认为该公司为何有望超越高预期的华尔街...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/1169203.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/425e1b58e2b7a395332b1d4ff23eff22","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.zhitongcaijing.com/content/detail/1169203.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125084630","content_text":"周五，英伟达股价随大市走高，截至发稿涨幅超3%。在8月的第二季度财报发布前， 英伟达的投资者经历了一场过山车般的行情。其股价在8月5日跌破了100美元，随后反弹，并在12日至19日期间连续六天上涨。英伟达将于美东时间8月28日盘后公布第二财季业绩，Wedbush表示，这一事件可能是科技行业多年来“最重要的”事件。KeyBanc分析师John Vinh是最新一批认为该公司为何有望超越高预期的华尔街分析师之一。该分析师重申对该股的“买入”评级，目标价为 180 美元。Vinh 在最近的一份报告中写道：“我们认为，第三季度 Blackwell 出货量的适度预期已经随着 Hopper 订单量的增加而得到满足。”“我们预计英伟达将公布超出预期/上调的业绩，其中上行趋势将受到对 Hopper GPU 的强劲需求的推动。”花旗本周也重申了对英伟达的“买入”评级，标价为 150 美元。他们预计“Blackwell的评论将让投资者对 2025 年的强劲前景充满信心，并且该股将创下 52 周新高。”高盛分析师也重申了对英伟达的“买入”评级，并将其列入该公司的“强力买入名单”。华尔街对大型科技公司的人工智能基础设施支出仍持乐观态度，高盛最近表示，它相信“大型云服务提供商和企业的客户需求强劲，而英伟达在人工智能/加速计算领域的强劲竞争地位依然完好无损。”分析师预测英伟达上季度的营收将增长112%，不过这与去年同期超过 250% 的增幅相比有所放缓。","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341532754534744,"gmtCreate":1724422610769,"gmtModify":1724422614653,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"Green candle week ‌<a href=\"\">[财迷]&nbsp;</a>‌","listText":"Green candle week ‌<a href=\"\">[财迷]&nbsp;</a>‌","text":"Green candle week ‌[财迷] ‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341532754534744","repostId":"1162411207","repostType":2,"repost":{"id":"1162411207","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1724421767,"share":"https://ttm.financial/m/news/1162411207?lang=&edition=fundamental","pubTime":"2024-08-23 22:02","market":"us","language":"zh","title":"鲍威尔在杰克逊霍尔讲话全文：政策调整的时候到了","url":"https://stock-news.laohu8.com/highlight/detail?id=1162411207","media":"老虎资讯综合","summary":"政策调整的时机已经到来。","content":"<html><head></head><body><p>8月23日，美联储主席鲍威尔在杰克逊霍尔全球央行年会上发表讲话。他表示：美国通货膨胀率显著下降，劳动力市场不再过热，对通胀率可持续回到2%的信心增强。<strong>现在是调整政策的时候了。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/522a5087f9e54bfafb0c349968d68f4e\" title=\"\" tg-width=\"690\" tg-height=\"431\"/></p><p><strong>以下为讲话全文</strong></p><p style=\"text-align: justify;\">在新冠疫情爆发4年半后的今天，与疫情相关的经济扭曲正在从最严重的状态中逐渐消退。通货膨胀率已大幅下降，劳动力市场不再过热，当前市场状况比疫情前更加宽松。供应限制已经恢复正常，<strong>我们双重使命所面临的风险平衡也发生了变化</strong>。我们的目标是恢复价格稳定，同时保持强劲的劳动力市场，避免像过去通胀预期较不稳定时所出现的那种失业率大幅上升的情况。我们在实现这一目标方面已经取得了相当大的进展。虽然任务尚未完成，但我们确实已经取得了不少进展。</p><p style=\"text-align: justify;\">今天，我将首先讨论当前的经济形势和货币政策的前进道路。然后，我将讨论从疫情开始以来的经济事件，探讨为什么通胀上升到几代人未见的水平，以及为什么在失业率保持低位的情况下通胀却下降了如此之多。</p><p style=\"text-align: justify;\"><strong>政策的短期展望</strong></p><p style=\"text-align: justify;\">让我们从当前的情况和政策的短期展望开始。</p><p style=\"text-align: justify;\">在过去三年中的大部分时间里，通胀率远高于我们的2%目标，劳动力市场条件极为紧张。联邦公开市场委员会（FOMC）的主要关注点一直是降低通胀，这是完全正确的。在这次事件之前，当今大多数在世的美国人从未经历过持续高通胀的痛苦。通胀带来了巨大的困难，特别是对于那些最难以应对生活必需品，如食品、住房和交通成本上升的人来说尤为如此。高通胀引发了压力和一种持续至今的不公平感。</p><p style=\"text-align: justify;\">我们的紧缩货币政策帮助恢复了总供给与需求之间的平衡，缓解通胀压力，并确保通胀预期保持稳固。现在通胀正更加接近我们的政策目标，过去12个月里价格上涨了2.5%。在（通胀）今年早些时候暂停（放缓）之后，朝着我们2%目标的进展已经恢复。<strong>我越来越有信心，通胀正在可持续地恢复到2%的路径上。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a96e7f3e226821a75d82751662b7119\" title=\"\" tg-width=\"892\" tg-height=\"898\"/></p><p style=\"text-align: justify;\">谈到就业，在疫情前的几年里，我们看到了强劲的劳动力市场状况给社会带来的显著好处：低失业率、高劳动参与率、处于历史低位的种族就业差距，以及在通胀低且稳定的情况下，健康的实际工资增长，且这些增长越来越多地集中在低收入人群中。</p><p style=\"text-align: justify;\"><strong>今天，劳动力市场已经明显冷却下来，不再像之前那样过热。</strong>失业率在一年多前开始上升，现在为4.3%，尽管仍处于历史低位，但比2023年初高出近一个百分点。大部分增加发生在过去六个月内。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2335ee7f199e728aa38463d72d24b731\" title=\"\" tg-width=\"1134\" tg-height=\"494\"/></p><p style=\"text-align: justify;\">到目前为止，失业率上升的原因，并不是经济衰退期间通常出现的大规模裁员，而是主要反映劳动供应的显著增加，以及招聘速度的减缓。即便如此，劳动力市场的冷却仍然是明显的。就业增长仍然稳健，但今年有所放缓。职位空缺减少，职位空缺与失业的比例已恢复到疫情前的范围。招聘率和辞职率现在低于2018年和2019年的水平。名义工资增长已经放缓。总的来说，现在劳动力市场要比2019年（疫情暴发前）宽松得多——那一年通胀率低于2%。劳动力市场似乎不太可能在短期内成为通胀压力的来源。<strong>我们不寻求或欢迎劳动力市场状况进一步冷却。</strong></p><p style=\"text-align: justify;\">总体而言，经济仍在以稳健的步伐增长。但通胀和劳动力市场数据表明情况正在演变。通胀的上行风险已经减弱。而就业的下行风险则增加了。正如我们在上一次FOMC声明中强调的那样，我们关注的是双重任务两方面的风险。</p><p style=\"text-align: justify;\"><strong>现在是调整政策的时候了。前进的方向很明确，降息的时机和速度将取决于未来的数据、不断变化的前景和风险的平衡。</strong></p><p style=\"text-align: justify;\">我们将尽一切努力支持强劲的劳动力市场，同时继续朝着价格稳定的目标迈进。<strong>随着政策限制的适当减少，有充分理由相信经济将在维持强劲劳动力市场的同时，恢复到2%的通胀率</strong>。我们当前的政策利率水平为我们应对任何风险提供了充足的空间，包括劳动力市场条件进一步恶化的风险。</p><p style=\"text-align: justify;\"><strong>通胀的起伏</strong></p><p style=\"text-align: justify;\">现在让我们转向探讨为什么通胀上升，以及为什么在失业率保持低位的情况下通胀却显著下降。关于这些问题的研究正在不断增加，现在是讨论这些问题的好时机。当然，现在做出明确的评估还为时过早。这一时期将会在许多年后一直被分析和讨论。</p><p style=\"text-align: justify;\">新冠疫情的到来迅速导致全球范围内的经济停摆。这是一个充满不确定性和严重下行风险的时期。在危机时期，美国人一如既往地适应和创新。政府做出了前所未有的强力回应，尤其是在美国，国会一致通过了《CARES法案》。在美联储，我们以前所未有的力度运用了我们的权力，稳定金融体系，帮助避免经济萧条。</p><p style=\"text-align: justify;\">在经历了一次历史性深度但短暂的衰退后，经济在2020年年中开始复苏。随着严重、长期衰退的风险消退，经济重新开放，我们面临着重蹈全球金融危机后缓慢复苏的风险。</p><p style=\"text-align: justify;\">国会在2020年底和2021年初提供了大量额外的财政支持。2021年上半年，（消费）支出强劲复苏。持续的疫情塑造了（消费市场的）复苏模式。对疫情的持续担忧影响了面对面服务的消费。但被压抑的需求、刺激政策、工作和休闲方式因疫情变化，以及服务消费受限带来的额外储蓄，共同推动了消费者商品支出的历史性激增。</p><p style=\"text-align: justify;\">疫情也对供应状况造成了严重破坏。疫情爆发之初，800万人退出了劳动力市场，到2021年初，劳动力规模仍比疫情前减少了400万。劳动力规模直到2023年年中才恢复到疫情前的趋势。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8272eac859406c274d7cd6f9eba1515d\" title=\"\" tg-width=\"896\" tg-height=\"895\"/></p><p style=\"text-align: justify;\">供应链因工人流失、国际贸易联系中断以及需求结构和水平的剧变而混乱不堪。显然，这与全球金融危机后的缓慢复苏完全不同。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49a8f3998817f6d91695d6390e234caa\" title=\"\" tg-width=\"911\" tg-height=\"867\"/></p><p style=\"text-align: justify;\">通胀随之而来。在2020年通胀率低于目标之后，通胀在2021年3月和4月大幅攀升。最初的通胀激增集中在供应短缺的商品上，如机动车辆，价格涨幅极大。我和我的同事们最初判断，这些与疫情相关的因素不会持续，因此认为通胀的突然上升可能会很快过去，不需要货币政策的干预——简言之，通胀是暂时的。长期以来的标准观点是，只要通胀预期保持稳固，央行可以无视暂时的通胀上升。</p><p style=\"text-align: justify;\">“暂时性通胀”这一观点在当时被广泛接受，大多数主流分析师和发达经济体的央行行长都持这一看法。普遍的预期是，供应状况会较快改善，需求的迅速复苏将走到尽头，需求会从商品转向服务，从而降低通胀。</p><p style=\"text-align: justify;\">一段时间内，数据与暂时性通胀的假设一致。2021年4月至9月，核心通胀的月度读数每月都在下降，尽管进展比预期缓慢。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dcf2c741fb496da3281e55ae8815271\" title=\"\" tg-width=\"898\" tg-height=\"859\"/></p><p style=\"text-align: justify;\">到年中，这一假设的支撑开始减弱，我们的沟通也反映了这一点。从10月开始，数据明显不再支持暂时性通胀的假设。通胀上升开始从商品扩展到服务领域。很明显，高通胀并非暂时现象，如果要保持通胀预期的稳定，就需要强有力的政策回应。我们意识到了这一点，并从11月开始调整政策。金融条件开始收紧。在逐步结束资产购买后，我们于2022年3月启动了加息。</p><p style=\"text-align: justify;\">到2022年初，总体通胀率已超过6%，核心通胀率超过5%。新的供应冲击出现了。俄乌战争爆发导致能源和商品价格大幅上涨。供应状况的改善，以及需求从商品向服务的转变比预期更长，部分原因是美国的疫情进一步发展。疫情也继续在全球范围内扰乱主要经济体的生产。</p><p style=\"text-align: justify;\">高通胀率是一种全球现象，反映了共同的经历：商品需求迅速增加，供应链紧张，劳动力市场紧张，商品价格急剧上涨。全球范围内的通胀与1970年代以来的任何时期都不同。当时，高通胀根深蒂固——我们坚决致力于避免这种情况。</p><p style=\"text-align: justify;\">到2022年中，劳动力市场极度紧张，自2021年中以来，劳动力需求增加超过650万。这种劳动力需求的增加，部分能由疫情消退后工人重回职场满足。但劳动力供应仍然受到限制，到2022年夏季，劳动参与率仍然远低于疫情前的水平。从2022年3月到年底，职位空缺几乎是失业人数的两倍，这表明劳动力严重短缺。通胀在2022年6月达到峰值，为7.1%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f81722a64a7c607b99c07c65f39bde7a\" title=\"\" tg-width=\"874\" tg-height=\"858\"/></p><p style=\"text-align: justify;\">两年前在这个讲坛上，我讨论了应对通胀可能带来的一些痛苦，如失业率上升和经济增长放缓。一些人认为，控制通胀需要一场衰退和长期高失业率。我表达了我们坚定不移的承诺，即全面恢复价格稳定，并坚持下去，直到任务完成。</p><p style=\"text-align: justify;\">FOMC没有退缩，坚定地履行了我们的职责，我们的行动有力地表明了我们对恢复价格稳定的承诺。我们在2022年将政策利率提高了425个基点，2023年又提高了100个基点。自2023年7月以来，我们一直保持政策利率在当前的紧缩水平。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c9b42b39d9efa74b792127500e2be90\" title=\"\" tg-width=\"860\" tg-height=\"822\"/></p><p style=\"text-align: justify;\">2022年的夏天成为了通胀的顶峰。<strong>两年内通胀率从峰值下降了4.5个百分点，这一过程中失业率依然保持在低位，这是一个受欢迎且历史上不常见的结果。</strong></p><p style=\"text-align: justify;\"><strong>为什么通胀下降了，而失业率没有显著上升？</strong></p><p style=\"text-align: justify;\">与疫情相关的供需扭曲，以及能源和商品市场的严重冲击是高通胀的重要驱动因素，它们的逆转也是通胀下降的关键部分。这些因素的消退（时间）比预期要长，但最终在随后的通胀下降中发挥了重要作用。我们的紧缩货币政策促使总需求适度下降，这与总供应的改善相结合，降低了通胀压力，同时允许经济以健康的速度继续增长。随着劳动力需求的放缓，通过职位空缺的减少，职位空缺相对于失业的历史性高水平已经正常化，同时没有出现大规模和破坏性的裁员，从而使劳动力市场不再成为通胀压力的来源。</p><p style=\"text-align: justify;\">这里也要提一嘴通胀预期的关键重要性。标准经济模型长期以来的观点是，只要产品和劳动力市场平衡，通胀就会回到目标水平——无需经济放缓——只要通胀预期稳定在我们的目标水平上。这是模型所说的，但自2000年代以来，长期通胀预期的稳定性从来没有受到持续高通胀的考验。通胀之锚是否会保持稳定远非确定。对于通胀预期脱钩的担忧加剧了这样一种观点，即通胀下降需要经济放缓，特别是在劳动力市场方面。最近经验的重要启示是，稳固的通胀预期，加上央行的强力行动，可以在不需要经济放缓的情况下实现通胀下降。</p><p style=\"text-align: justify;\">这一叙述将通胀上升的原因，主要归因于过热和暂时扭曲的需求，与受限的供给之间的异常碰撞。虽然研究者在方法上有所不同，在结论上也有所分歧，但似乎正在形成一种共识，我认为这种共识将通胀上升的主要原因归因于这种碰撞。总的来说，随着市场从疫情造成的扭曲中恢复，我们努力适度抑制总需求，以及预期的锚定，<strong>这些共同作用，正在使通胀越来越明显地走上可持续达到我们2%目标的路径。</strong></p><p style=\"text-align: justify;\">在保持劳动力市场强劲的同时实现通胀下降，只有在通胀预期锚定的情况下才有可能，这反映了公众对央行能够在时间内实现2%通胀的信心。这种信心是几十年来建立的，并通过我们的行动得到了加强。</p><p style=\"text-align: justify;\">这是我对事件的评估。你可能有不同的看法。</p><p style=\"text-align: justify;\"><strong>结论</strong></p><p style=\"text-align: justify;\">最后，我想强调，疫情经济被证明与以往任何时期都不同，这一非常时期还有许多值得学习的地方。美联储在《长期目标和货币政策策略声明》中承诺，每五年通过全面的公开审查来审视我们的原则并做出适当调整。随着我们今年晚些时候开始这一进程，我们将对批评和新想法保持开放态度，同时保持我们框架的优势。我们知识的局限性——在疫情期间显而易见——要求我们保持谦逊和质疑精神，专注于从过去经验中汲取教训，并灵活地将其应用于当前挑战。</p><p><strong>分析</strong></p><p>“美联储传声筒”Nick Timiraos在社交媒体发文称，<strong>今日的讲话表明鲍威尔的政策转向已经完成，鲍威尔在讲话中表现出了全面的鸽派，两年前他还在同一时期表示，美联储将接受经济衰退作为恢复通胀的代价。</strong></p><p>互换市场保持稳定，预计美联储年末前将有近100个基点的降息幅度。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2b2f7cd1dd4672054cef5f3aa848cbda\" title=\"\" tg-width=\"800\" tg-height=\"838\"/></p><p><strong>美股三大指数持续拉升，纳指涨1.7%。</strong>美元指数DXY失守101，为去年12月来首次，日内跌幅0.51%。两年期美国国债收益率从周四的4.009%降至3.943%。10年期国债收益率为3.807%，低于周四的3.862%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6484f6191c6159903f886d80ae2006b4\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/103e550db140904647cca6704abada12\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f419449d8c7322467d4a9baed0b9bc0\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p></body></html>","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>鲍威尔在杰克逊霍尔讲话全文：政策调整的时候到了</title>\n<style 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margin: 0;line-height: 11px;}\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\">\n鲍威尔在杰克逊霍尔讲话全文：政策调整的时候到了\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2024-08-23 22:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>8月23日，美联储主席鲍威尔在杰克逊霍尔全球央行年会上发表讲话。他表示：美国通货膨胀率显著下降，劳动力市场不再过热，对通胀率可持续回到2%的信心增强。<strong>现在是调整政策的时候了。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/522a5087f9e54bfafb0c349968d68f4e\" title=\"\" tg-width=\"690\" tg-height=\"431\"/></p><p><strong>以下为讲话全文</strong></p><p style=\"text-align: justify;\">在新冠疫情爆发4年半后的今天，与疫情相关的经济扭曲正在从最严重的状态中逐渐消退。通货膨胀率已大幅下降，劳动力市场不再过热，当前市场状况比疫情前更加宽松。供应限制已经恢复正常，<strong>我们双重使命所面临的风险平衡也发生了变化</strong>。我们的目标是恢复价格稳定，同时保持强劲的劳动力市场，避免像过去通胀预期较不稳定时所出现的那种失业率大幅上升的情况。我们在实现这一目标方面已经取得了相当大的进展。虽然任务尚未完成，但我们确实已经取得了不少进展。</p><p style=\"text-align: justify;\">今天，我将首先讨论当前的经济形势和货币政策的前进道路。然后，我将讨论从疫情开始以来的经济事件，探讨为什么通胀上升到几代人未见的水平，以及为什么在失业率保持低位的情况下通胀却下降了如此之多。</p><p style=\"text-align: justify;\"><strong>政策的短期展望</strong></p><p style=\"text-align: justify;\">让我们从当前的情况和政策的短期展望开始。</p><p style=\"text-align: justify;\">在过去三年中的大部分时间里，通胀率远高于我们的2%目标，劳动力市场条件极为紧张。联邦公开市场委员会（FOMC）的主要关注点一直是降低通胀，这是完全正确的。在这次事件之前，当今大多数在世的美国人从未经历过持续高通胀的痛苦。通胀带来了巨大的困难，特别是对于那些最难以应对生活必需品，如食品、住房和交通成本上升的人来说尤为如此。高通胀引发了压力和一种持续至今的不公平感。</p><p style=\"text-align: justify;\">我们的紧缩货币政策帮助恢复了总供给与需求之间的平衡，缓解通胀压力，并确保通胀预期保持稳固。现在通胀正更加接近我们的政策目标，过去12个月里价格上涨了2.5%。在（通胀）今年早些时候暂停（放缓）之后，朝着我们2%目标的进展已经恢复。<strong>我越来越有信心，通胀正在可持续地恢复到2%的路径上。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a96e7f3e226821a75d82751662b7119\" title=\"\" tg-width=\"892\" tg-height=\"898\"/></p><p style=\"text-align: justify;\">谈到就业，在疫情前的几年里，我们看到了强劲的劳动力市场状况给社会带来的显著好处：低失业率、高劳动参与率、处于历史低位的种族就业差距，以及在通胀低且稳定的情况下，健康的实际工资增长，且这些增长越来越多地集中在低收入人群中。</p><p style=\"text-align: justify;\"><strong>今天，劳动力市场已经明显冷却下来，不再像之前那样过热。</strong>失业率在一年多前开始上升，现在为4.3%，尽管仍处于历史低位，但比2023年初高出近一个百分点。大部分增加发生在过去六个月内。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2335ee7f199e728aa38463d72d24b731\" title=\"\" tg-width=\"1134\" tg-height=\"494\"/></p><p style=\"text-align: justify;\">到目前为止，失业率上升的原因，并不是经济衰退期间通常出现的大规模裁员，而是主要反映劳动供应的显著增加，以及招聘速度的减缓。即便如此，劳动力市场的冷却仍然是明显的。就业增长仍然稳健，但今年有所放缓。职位空缺减少，职位空缺与失业的比例已恢复到疫情前的范围。招聘率和辞职率现在低于2018年和2019年的水平。名义工资增长已经放缓。总的来说，现在劳动力市场要比2019年（疫情暴发前）宽松得多——那一年通胀率低于2%。劳动力市场似乎不太可能在短期内成为通胀压力的来源。<strong>我们不寻求或欢迎劳动力市场状况进一步冷却。</strong></p><p style=\"text-align: justify;\">总体而言，经济仍在以稳健的步伐增长。但通胀和劳动力市场数据表明情况正在演变。通胀的上行风险已经减弱。而就业的下行风险则增加了。正如我们在上一次FOMC声明中强调的那样，我们关注的是双重任务两方面的风险。</p><p style=\"text-align: justify;\"><strong>现在是调整政策的时候了。前进的方向很明确，降息的时机和速度将取决于未来的数据、不断变化的前景和风险的平衡。</strong></p><p style=\"text-align: justify;\">我们将尽一切努力支持强劲的劳动力市场，同时继续朝着价格稳定的目标迈进。<strong>随着政策限制的适当减少，有充分理由相信经济将在维持强劲劳动力市场的同时，恢复到2%的通胀率</strong>。我们当前的政策利率水平为我们应对任何风险提供了充足的空间，包括劳动力市场条件进一步恶化的风险。</p><p style=\"text-align: justify;\"><strong>通胀的起伏</strong></p><p style=\"text-align: justify;\">现在让我们转向探讨为什么通胀上升，以及为什么在失业率保持低位的情况下通胀却显著下降。关于这些问题的研究正在不断增加，现在是讨论这些问题的好时机。当然，现在做出明确的评估还为时过早。这一时期将会在许多年后一直被分析和讨论。</p><p style=\"text-align: justify;\">新冠疫情的到来迅速导致全球范围内的经济停摆。这是一个充满不确定性和严重下行风险的时期。在危机时期，美国人一如既往地适应和创新。政府做出了前所未有的强力回应，尤其是在美国，国会一致通过了《CARES法案》。在美联储，我们以前所未有的力度运用了我们的权力，稳定金融体系，帮助避免经济萧条。</p><p style=\"text-align: justify;\">在经历了一次历史性深度但短暂的衰退后，经济在2020年年中开始复苏。随着严重、长期衰退的风险消退，经济重新开放，我们面临着重蹈全球金融危机后缓慢复苏的风险。</p><p style=\"text-align: justify;\">国会在2020年底和2021年初提供了大量额外的财政支持。2021年上半年，（消费）支出强劲复苏。持续的疫情塑造了（消费市场的）复苏模式。对疫情的持续担忧影响了面对面服务的消费。但被压抑的需求、刺激政策、工作和休闲方式因疫情变化，以及服务消费受限带来的额外储蓄，共同推动了消费者商品支出的历史性激增。</p><p style=\"text-align: justify;\">疫情也对供应状况造成了严重破坏。疫情爆发之初，800万人退出了劳动力市场，到2021年初，劳动力规模仍比疫情前减少了400万。劳动力规模直到2023年年中才恢复到疫情前的趋势。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8272eac859406c274d7cd6f9eba1515d\" title=\"\" tg-width=\"896\" tg-height=\"895\"/></p><p style=\"text-align: justify;\">供应链因工人流失、国际贸易联系中断以及需求结构和水平的剧变而混乱不堪。显然，这与全球金融危机后的缓慢复苏完全不同。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49a8f3998817f6d91695d6390e234caa\" title=\"\" tg-width=\"911\" tg-height=\"867\"/></p><p style=\"text-align: justify;\">通胀随之而来。在2020年通胀率低于目标之后，通胀在2021年3月和4月大幅攀升。最初的通胀激增集中在供应短缺的商品上，如机动车辆，价格涨幅极大。我和我的同事们最初判断，这些与疫情相关的因素不会持续，因此认为通胀的突然上升可能会很快过去，不需要货币政策的干预——简言之，通胀是暂时的。长期以来的标准观点是，只要通胀预期保持稳固，央行可以无视暂时的通胀上升。</p><p style=\"text-align: justify;\">“暂时性通胀”这一观点在当时被广泛接受，大多数主流分析师和发达经济体的央行行长都持这一看法。普遍的预期是，供应状况会较快改善，需求的迅速复苏将走到尽头，需求会从商品转向服务，从而降低通胀。</p><p style=\"text-align: justify;\">一段时间内，数据与暂时性通胀的假设一致。2021年4月至9月，核心通胀的月度读数每月都在下降，尽管进展比预期缓慢。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dcf2c741fb496da3281e55ae8815271\" title=\"\" tg-width=\"898\" tg-height=\"859\"/></p><p style=\"text-align: justify;\">到年中，这一假设的支撑开始减弱，我们的沟通也反映了这一点。从10月开始，数据明显不再支持暂时性通胀的假设。通胀上升开始从商品扩展到服务领域。很明显，高通胀并非暂时现象，如果要保持通胀预期的稳定，就需要强有力的政策回应。我们意识到了这一点，并从11月开始调整政策。金融条件开始收紧。在逐步结束资产购买后，我们于2022年3月启动了加息。</p><p style=\"text-align: justify;\">到2022年初，总体通胀率已超过6%，核心通胀率超过5%。新的供应冲击出现了。俄乌战争爆发导致能源和商品价格大幅上涨。供应状况的改善，以及需求从商品向服务的转变比预期更长，部分原因是美国的疫情进一步发展。疫情也继续在全球范围内扰乱主要经济体的生产。</p><p style=\"text-align: justify;\">高通胀率是一种全球现象，反映了共同的经历：商品需求迅速增加，供应链紧张，劳动力市场紧张，商品价格急剧上涨。全球范围内的通胀与1970年代以来的任何时期都不同。当时，高通胀根深蒂固——我们坚决致力于避免这种情况。</p><p style=\"text-align: justify;\">到2022年中，劳动力市场极度紧张，自2021年中以来，劳动力需求增加超过650万。这种劳动力需求的增加，部分能由疫情消退后工人重回职场满足。但劳动力供应仍然受到限制，到2022年夏季，劳动参与率仍然远低于疫情前的水平。从2022年3月到年底，职位空缺几乎是失业人数的两倍，这表明劳动力严重短缺。通胀在2022年6月达到峰值，为7.1%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f81722a64a7c607b99c07c65f39bde7a\" title=\"\" tg-width=\"874\" tg-height=\"858\"/></p><p style=\"text-align: justify;\">两年前在这个讲坛上，我讨论了应对通胀可能带来的一些痛苦，如失业率上升和经济增长放缓。一些人认为，控制通胀需要一场衰退和长期高失业率。我表达了我们坚定不移的承诺，即全面恢复价格稳定，并坚持下去，直到任务完成。</p><p style=\"text-align: justify;\">FOMC没有退缩，坚定地履行了我们的职责，我们的行动有力地表明了我们对恢复价格稳定的承诺。我们在2022年将政策利率提高了425个基点，2023年又提高了100个基点。自2023年7月以来，我们一直保持政策利率在当前的紧缩水平。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c9b42b39d9efa74b792127500e2be90\" title=\"\" tg-width=\"860\" tg-height=\"822\"/></p><p style=\"text-align: justify;\">2022年的夏天成为了通胀的顶峰。<strong>两年内通胀率从峰值下降了4.5个百分点，这一过程中失业率依然保持在低位，这是一个受欢迎且历史上不常见的结果。</strong></p><p style=\"text-align: justify;\"><strong>为什么通胀下降了，而失业率没有显著上升？</strong></p><p style=\"text-align: justify;\">与疫情相关的供需扭曲，以及能源和商品市场的严重冲击是高通胀的重要驱动因素，它们的逆转也是通胀下降的关键部分。这些因素的消退（时间）比预期要长，但最终在随后的通胀下降中发挥了重要作用。我们的紧缩货币政策促使总需求适度下降，这与总供应的改善相结合，降低了通胀压力，同时允许经济以健康的速度继续增长。随着劳动力需求的放缓，通过职位空缺的减少，职位空缺相对于失业的历史性高水平已经正常化，同时没有出现大规模和破坏性的裁员，从而使劳动力市场不再成为通胀压力的来源。</p><p style=\"text-align: justify;\">这里也要提一嘴通胀预期的关键重要性。标准经济模型长期以来的观点是，只要产品和劳动力市场平衡，通胀就会回到目标水平——无需经济放缓——只要通胀预期稳定在我们的目标水平上。这是模型所说的，但自2000年代以来，长期通胀预期的稳定性从来没有受到持续高通胀的考验。通胀之锚是否会保持稳定远非确定。对于通胀预期脱钩的担忧加剧了这样一种观点，即通胀下降需要经济放缓，特别是在劳动力市场方面。最近经验的重要启示是，稳固的通胀预期，加上央行的强力行动，可以在不需要经济放缓的情况下实现通胀下降。</p><p style=\"text-align: justify;\">这一叙述将通胀上升的原因，主要归因于过热和暂时扭曲的需求，与受限的供给之间的异常碰撞。虽然研究者在方法上有所不同，在结论上也有所分歧，但似乎正在形成一种共识，我认为这种共识将通胀上升的主要原因归因于这种碰撞。总的来说，随着市场从疫情造成的扭曲中恢复，我们努力适度抑制总需求，以及预期的锚定，<strong>这些共同作用，正在使通胀越来越明显地走上可持续达到我们2%目标的路径。</strong></p><p style=\"text-align: justify;\">在保持劳动力市场强劲的同时实现通胀下降，只有在通胀预期锚定的情况下才有可能，这反映了公众对央行能够在时间内实现2%通胀的信心。这种信心是几十年来建立的，并通过我们的行动得到了加强。</p><p style=\"text-align: justify;\">这是我对事件的评估。你可能有不同的看法。</p><p style=\"text-align: justify;\"><strong>结论</strong></p><p style=\"text-align: justify;\">最后，我想强调，疫情经济被证明与以往任何时期都不同，这一非常时期还有许多值得学习的地方。美联储在《长期目标和货币政策策略声明》中承诺，每五年通过全面的公开审查来审视我们的原则并做出适当调整。随着我们今年晚些时候开始这一进程，我们将对批评和新想法保持开放态度，同时保持我们框架的优势。我们知识的局限性——在疫情期间显而易见——要求我们保持谦逊和质疑精神，专注于从过去经验中汲取教训，并灵活地将其应用于当前挑战。</p><p><strong>分析</strong></p><p>“美联储传声筒”Nick Timiraos在社交媒体发文称，<strong>今日的讲话表明鲍威尔的政策转向已经完成，鲍威尔在讲话中表现出了全面的鸽派，两年前他还在同一时期表示，美联储将接受经济衰退作为恢复通胀的代价。</strong></p><p>互换市场保持稳定，预计美联储年末前将有近100个基点的降息幅度。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2b2f7cd1dd4672054cef5f3aa848cbda\" title=\"\" tg-width=\"800\" tg-height=\"838\"/></p><p><strong>美股三大指数持续拉升，纳指涨1.7%。</strong>美元指数DXY失守101，为去年12月来首次，日内跌幅0.51%。两年期美国国债收益率从周四的4.009%降至3.943%。10年期国债收益率为3.807%，低于周四的3.862%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6484f6191c6159903f886d80ae2006b4\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/103e550db140904647cca6704abada12\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f419449d8c7322467d4a9baed0b9bc0\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/909f0c076f3fff78497a5c9be00e5429","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162411207","content_text":"8月23日，美联储主席鲍威尔在杰克逊霍尔全球央行年会上发表讲话。他表示：美国通货膨胀率显著下降，劳动力市场不再过热，对通胀率可持续回到2%的信心增强。现在是调整政策的时候了。以下为讲话全文在新冠疫情爆发4年半后的今天，与疫情相关的经济扭曲正在从最严重的状态中逐渐消退。通货膨胀率已大幅下降，劳动力市场不再过热，当前市场状况比疫情前更加宽松。供应限制已经恢复正常，我们双重使命所面临的风险平衡也发生了变化。我们的目标是恢复价格稳定，同时保持强劲的劳动力市场，避免像过去通胀预期较不稳定时所出现的那种失业率大幅上升的情况。我们在实现这一目标方面已经取得了相当大的进展。虽然任务尚未完成，但我们确实已经取得了不少进展。今天，我将首先讨论当前的经济形势和货币政策的前进道路。然后，我将讨论从疫情开始以来的经济事件，探讨为什么通胀上升到几代人未见的水平，以及为什么在失业率保持低位的情况下通胀却下降了如此之多。政策的短期展望让我们从当前的情况和政策的短期展望开始。在过去三年中的大部分时间里，通胀率远高于我们的2%目标，劳动力市场条件极为紧张。联邦公开市场委员会（FOMC）的主要关注点一直是降低通胀，这是完全正确的。在这次事件之前，当今大多数在世的美国人从未经历过持续高通胀的痛苦。通胀带来了巨大的困难，特别是对于那些最难以应对生活必需品，如食品、住房和交通成本上升的人来说尤为如此。高通胀引发了压力和一种持续至今的不公平感。我们的紧缩货币政策帮助恢复了总供给与需求之间的平衡，缓解通胀压力，并确保通胀预期保持稳固。现在通胀正更加接近我们的政策目标，过去12个月里价格上涨了2.5%。在（通胀）今年早些时候暂停（放缓）之后，朝着我们2%目标的进展已经恢复。我越来越有信心，通胀正在可持续地恢复到2%的路径上。谈到就业，在疫情前的几年里，我们看到了强劲的劳动力市场状况给社会带来的显著好处：低失业率、高劳动参与率、处于历史低位的种族就业差距，以及在通胀低且稳定的情况下，健康的实际工资增长，且这些增长越来越多地集中在低收入人群中。今天，劳动力市场已经明显冷却下来，不再像之前那样过热。失业率在一年多前开始上升，现在为4.3%，尽管仍处于历史低位，但比2023年初高出近一个百分点。大部分增加发生在过去六个月内。到目前为止，失业率上升的原因，并不是经济衰退期间通常出现的大规模裁员，而是主要反映劳动供应的显著增加，以及招聘速度的减缓。即便如此，劳动力市场的冷却仍然是明显的。就业增长仍然稳健，但今年有所放缓。职位空缺减少，职位空缺与失业的比例已恢复到疫情前的范围。招聘率和辞职率现在低于2018年和2019年的水平。名义工资增长已经放缓。总的来说，现在劳动力市场要比2019年（疫情暴发前）宽松得多——那一年通胀率低于2%。劳动力市场似乎不太可能在短期内成为通胀压力的来源。我们不寻求或欢迎劳动力市场状况进一步冷却。总体而言，经济仍在以稳健的步伐增长。但通胀和劳动力市场数据表明情况正在演变。通胀的上行风险已经减弱。而就业的下行风险则增加了。正如我们在上一次FOMC声明中强调的那样，我们关注的是双重任务两方面的风险。现在是调整政策的时候了。前进的方向很明确，降息的时机和速度将取决于未来的数据、不断变化的前景和风险的平衡。我们将尽一切努力支持强劲的劳动力市场，同时继续朝着价格稳定的目标迈进。随着政策限制的适当减少，有充分理由相信经济将在维持强劲劳动力市场的同时，恢复到2%的通胀率。我们当前的政策利率水平为我们应对任何风险提供了充足的空间，包括劳动力市场条件进一步恶化的风险。通胀的起伏现在让我们转向探讨为什么通胀上升，以及为什么在失业率保持低位的情况下通胀却显著下降。关于这些问题的研究正在不断增加，现在是讨论这些问题的好时机。当然，现在做出明确的评估还为时过早。这一时期将会在许多年后一直被分析和讨论。新冠疫情的到来迅速导致全球范围内的经济停摆。这是一个充满不确定性和严重下行风险的时期。在危机时期，美国人一如既往地适应和创新。政府做出了前所未有的强力回应，尤其是在美国，国会一致通过了《CARES法案》。在美联储，我们以前所未有的力度运用了我们的权力，稳定金融体系，帮助避免经济萧条。在经历了一次历史性深度但短暂的衰退后，经济在2020年年中开始复苏。随着严重、长期衰退的风险消退，经济重新开放，我们面临着重蹈全球金融危机后缓慢复苏的风险。国会在2020年底和2021年初提供了大量额外的财政支持。2021年上半年，（消费）支出强劲复苏。持续的疫情塑造了（消费市场的）复苏模式。对疫情的持续担忧影响了面对面服务的消费。但被压抑的需求、刺激政策、工作和休闲方式因疫情变化，以及服务消费受限带来的额外储蓄，共同推动了消费者商品支出的历史性激增。疫情也对供应状况造成了严重破坏。疫情爆发之初，800万人退出了劳动力市场，到2021年初，劳动力规模仍比疫情前减少了400万。劳动力规模直到2023年年中才恢复到疫情前的趋势。供应链因工人流失、国际贸易联系中断以及需求结构和水平的剧变而混乱不堪。显然，这与全球金融危机后的缓慢复苏完全不同。通胀随之而来。在2020年通胀率低于目标之后，通胀在2021年3月和4月大幅攀升。最初的通胀激增集中在供应短缺的商品上，如机动车辆，价格涨幅极大。我和我的同事们最初判断，这些与疫情相关的因素不会持续，因此认为通胀的突然上升可能会很快过去，不需要货币政策的干预——简言之，通胀是暂时的。长期以来的标准观点是，只要通胀预期保持稳固，央行可以无视暂时的通胀上升。“暂时性通胀”这一观点在当时被广泛接受，大多数主流分析师和发达经济体的央行行长都持这一看法。普遍的预期是，供应状况会较快改善，需求的迅速复苏将走到尽头，需求会从商品转向服务，从而降低通胀。一段时间内，数据与暂时性通胀的假设一致。2021年4月至9月，核心通胀的月度读数每月都在下降，尽管进展比预期缓慢。到年中，这一假设的支撑开始减弱，我们的沟通也反映了这一点。从10月开始，数据明显不再支持暂时性通胀的假设。通胀上升开始从商品扩展到服务领域。很明显，高通胀并非暂时现象，如果要保持通胀预期的稳定，就需要强有力的政策回应。我们意识到了这一点，并从11月开始调整政策。金融条件开始收紧。在逐步结束资产购买后，我们于2022年3月启动了加息。到2022年初，总体通胀率已超过6%，核心通胀率超过5%。新的供应冲击出现了。俄乌战争爆发导致能源和商品价格大幅上涨。供应状况的改善，以及需求从商品向服务的转变比预期更长，部分原因是美国的疫情进一步发展。疫情也继续在全球范围内扰乱主要经济体的生产。高通胀率是一种全球现象，反映了共同的经历：商品需求迅速增加，供应链紧张，劳动力市场紧张，商品价格急剧上涨。全球范围内的通胀与1970年代以来的任何时期都不同。当时，高通胀根深蒂固——我们坚决致力于避免这种情况。到2022年中，劳动力市场极度紧张，自2021年中以来，劳动力需求增加超过650万。这种劳动力需求的增加，部分能由疫情消退后工人重回职场满足。但劳动力供应仍然受到限制，到2022年夏季，劳动参与率仍然远低于疫情前的水平。从2022年3月到年底，职位空缺几乎是失业人数的两倍，这表明劳动力严重短缺。通胀在2022年6月达到峰值，为7.1%。两年前在这个讲坛上，我讨论了应对通胀可能带来的一些痛苦，如失业率上升和经济增长放缓。一些人认为，控制通胀需要一场衰退和长期高失业率。我表达了我们坚定不移的承诺，即全面恢复价格稳定，并坚持下去，直到任务完成。FOMC没有退缩，坚定地履行了我们的职责，我们的行动有力地表明了我们对恢复价格稳定的承诺。我们在2022年将政策利率提高了425个基点，2023年又提高了100个基点。自2023年7月以来，我们一直保持政策利率在当前的紧缩水平。2022年的夏天成为了通胀的顶峰。两年内通胀率从峰值下降了4.5个百分点，这一过程中失业率依然保持在低位，这是一个受欢迎且历史上不常见的结果。为什么通胀下降了，而失业率没有显著上升？与疫情相关的供需扭曲，以及能源和商品市场的严重冲击是高通胀的重要驱动因素，它们的逆转也是通胀下降的关键部分。这些因素的消退（时间）比预期要长，但最终在随后的通胀下降中发挥了重要作用。我们的紧缩货币政策促使总需求适度下降，这与总供应的改善相结合，降低了通胀压力，同时允许经济以健康的速度继续增长。随着劳动力需求的放缓，通过职位空缺的减少，职位空缺相对于失业的历史性高水平已经正常化，同时没有出现大规模和破坏性的裁员，从而使劳动力市场不再成为通胀压力的来源。这里也要提一嘴通胀预期的关键重要性。标准经济模型长期以来的观点是，只要产品和劳动力市场平衡，通胀就会回到目标水平——无需经济放缓——只要通胀预期稳定在我们的目标水平上。这是模型所说的，但自2000年代以来，长期通胀预期的稳定性从来没有受到持续高通胀的考验。通胀之锚是否会保持稳定远非确定。对于通胀预期脱钩的担忧加剧了这样一种观点，即通胀下降需要经济放缓，特别是在劳动力市场方面。最近经验的重要启示是，稳固的通胀预期，加上央行的强力行动，可以在不需要经济放缓的情况下实现通胀下降。这一叙述将通胀上升的原因，主要归因于过热和暂时扭曲的需求，与受限的供给之间的异常碰撞。虽然研究者在方法上有所不同，在结论上也有所分歧，但似乎正在形成一种共识，我认为这种共识将通胀上升的主要原因归因于这种碰撞。总的来说，随着市场从疫情造成的扭曲中恢复，我们努力适度抑制总需求，以及预期的锚定，这些共同作用，正在使通胀越来越明显地走上可持续达到我们2%目标的路径。在保持劳动力市场强劲的同时实现通胀下降，只有在通胀预期锚定的情况下才有可能，这反映了公众对央行能够在时间内实现2%通胀的信心。这种信心是几十年来建立的，并通过我们的行动得到了加强。这是我对事件的评估。你可能有不同的看法。结论最后，我想强调，疫情经济被证明与以往任何时期都不同，这一非常时期还有许多值得学习的地方。美联储在《长期目标和货币政策策略声明》中承诺，每五年通过全面的公开审查来审视我们的原则并做出适当调整。随着我们今年晚些时候开始这一进程，我们将对批评和新想法保持开放态度，同时保持我们框架的优势。我们知识的局限性——在疫情期间显而易见——要求我们保持谦逊和质疑精神，专注于从过去经验中汲取教训，并灵活地将其应用于当前挑战。分析“美联储传声筒”Nick Timiraos在社交媒体发文称，今日的讲话表明鲍威尔的政策转向已经完成，鲍威尔在讲话中表现出了全面的鸽派，两年前他还在同一时期表示，美联储将接受经济衰退作为恢复通胀的代价。互换市场保持稳定，预计美联储年末前将有近100个基点的降息幅度。美股三大指数持续拉升，纳指涨1.7%。美元指数DXY失守101，为去年12月来首次，日内跌幅0.51%。两年期美国国债收益率从周四的4.009%降至3.943%。10年期国债收益率为3.807%，低于周四的3.862%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340821532471528,"gmtCreate":1724239424933,"gmtModify":1724239426679,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340821532471528","repostId":"339130994532680","repostType":1,"repost":{"id":339130994532680,"gmtCreate":1723799892562,"gmtModify":1723813654037,"author":{"id":"3569274903458035","authorId":"3569274903458035","authorIdStr":"3569274903458035","name":"HLPA","avatar":"https://static.tigerbbs.com/07e7b987a9127c5a47dbc3ae02db548b","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569274903458035"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v> At below 200, I had already picked up some shares and would not hesitate to pick up more should it falls to 190ish again. TSLA never fails to reward those who buy them at the dips. Without doubt, the mame Elom Musk itself , the shares notwithstanding, strikes a magical tune for Tesla. Good news or bad, TSLA will ride with the tide. Buy low, sell high works well with this stock. Never fail me provided you stay patient and wait for your levels to realise a good reasonable profit. Of course you will need to do your due diligence first and then make yoir move.&nbsp;Good luck trading this stock!","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v> At below 200, I had already picked up some shares and would not hesitate to pick up more should it falls to 190ish again. TSLA never fails to reward those who buy them at the dips. Without doubt, the mame Elom Musk itself , the shares notwithstanding, strikes a magical tune for Tesla. Good news or bad, TSLA will ride with the tide. Buy low, sell high works well with this stock. Never fail me provided you stay patient and wait for your levels to realise a good reasonable profit. Of course you will need to do your due diligence first and then make yoir move.&nbsp;Good luck trading this stock!","text":"$Tesla Motors(TSLA)$ At below 200, I had already picked up some shares and would not hesitate to pick up more should it falls to 190ish again. TSLA never fails to reward those who buy them at the dips. Without doubt, the mame Elom Musk itself , the shares notwithstanding, strikes a magical tune for Tesla. Good news or bad, TSLA will ride with the tide. Buy low, sell high works well with this stock. Never fail me provided you stay patient and wait for your levels to realise a good reasonable profit. Of course you will need to do your due diligence first and then make yoir move. Good luck trading this stock!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/339130994532680","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340775689629912,"gmtCreate":1724239355880,"gmtModify":1724239357660,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340775689629912","repostId":"340164651098224","repostType":1,"repost":{"id":340164651098224,"gmtCreate":1724079034139,"gmtModify":1724135405631,"author":{"id":"3574136058061437","authorId":"3574136058061437","authorIdStr":"3574136058061437","name":"Changjieming","avatar":"https://static.tigerbbs.com/fc405e9f366cb34e826787dc45d36977","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574136058061437"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v> Always bullish for Nvidia since I bought this stock in 2021. NO REGRETS. So thankful I'm not a paper hand but a diamond hand instead. HOLD STRONG and ride out the waves!&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>buy long dated calls if you can! Believe in Jensen Huang. <a href=\"https://ttm.financial/OPT/NVDA 20240816 1040.0 CALL\">$NVDA 20240816 1040.0 CALL$</a> &nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v> Always bullish for Nvidia since I bought this stock in 2021. NO REGRETS. So thankful I'm not a paper hand but a diamond hand instead. HOLD STRONG and ride out the waves!&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>buy long dated calls if you can! Believe in Jensen Huang. <a href=\"https://ttm.financial/OPT/NVDA 20240816 1040.0 CALL\">$NVDA 20240816 1040.0 CALL$</a> &nbsp;","text":"$NVIDIA Corp(NVDA)$ Always bullish for Nvidia since I bought this stock in 2021. NO REGRETS. So thankful I'm not a paper hand but a diamond hand instead. HOLD STRONG and ride out the waves! $NVIDIA Corp(NVDA)$ buy long dated calls if you can! Believe in Jensen Huang. $NVDA 20240816 1040.0 CALL$","images":[{"img":"https://community-static.tradeup.com/news/f8d16dbba2b03e9cc36897972aab8fed","width":"309","height":"533"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340164651098224","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340821131845712,"gmtCreate":1724239325672,"gmtModify":1724239329712,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340821131845712","repostId":"340521802485960","repostType":1,"repost":{"id":340521802485960,"gmtCreate":1724166149953,"gmtModify":1724239802368,"author":{"id":"4093561479903300","authorId":"4093561479903300","authorIdStr":"4093561479903300","name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/8d914d0fac29a13d969545b323fbfe8a","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4093561479903300"},"themes":[],"htmlText":"I closed <a href=\"https://ttm.financial/OPT/NVDA 20240830 115.0 PUT\">$NVDA 20240830 115.0 PUT$&nbsp;</a> ,Bought back this put first :) Will resell again if NVDA shows further weakness or I may buy into the stock.","listText":"I closed <a href=\"https://ttm.financial/OPT/NVDA 20240830 115.0 PUT\">$NVDA 20240830 115.0 PUT$&nbsp;</a> ,Bought back this put first :) Will resell again if NVDA shows further weakness or I may buy into the stock.","text":"I closed $NVDA 20240830 115.0 PUT$ ,Bought back this put first :) Will resell again if NVDA shows further weakness or I may buy into the stock.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340521802485960","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":338726506795144,"gmtCreate":1723737733204,"gmtModify":1723738256821,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> up up up","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> up up up","text":"$NVIDIA Corp(NVDA)$ up up up","images":[{"img":"https://community-static.tradeup.com/news/bb3229dbfd97091cc9b4cf1bf05a94b4","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338726506795144","isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":338711914229952,"gmtCreate":1723734170957,"gmtModify":1723734410311,"author":{"id":"4101113075249650","authorId":"4101113075249650","authorIdStr":"4101113075249650","name":"D.C","avatar":"https://static.tigerbbs.com/1350f3f1a13fb27afce3d68c14303ccc","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4101113075249650"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338711914229952","repostId":"338813499564072","repostType":1,"repost":{"id":338813499564072,"gmtCreate":1723726860662,"gmtModify":1723727035844,"author":{"id":"4102740236684050","authorId":"4102740236684050","authorIdStr":"4102740236684050","name":"MaverickWealthBuilder","avatar":"https://community-static.tradeup.com/news/bbf0f514b8e5abb92266789b89f6e1e6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102740236684050"},"themes":[],"title":"Alibaba Q1: Weak Consumption, Fierce Competition, High Valuation","htmlText":"E-commerce earnings report to see Ali, Ali earnings report to see Amoy days.Just out of the end of June earnings (Ali Q1 FY2025) still continue to last quarter's \"mixed\". <a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> <a href=\"https://ttm.financial/S/89988\">$BABA-SWR(89988)$</a> <a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a> WorriesThe most important domestic retail \"Taotian Group\" was unexpectedly Miss expectations, and because the market in the Q2 domestic consumption environment changes in the overall environment, has lowered expectations, so the consensus is more conservative, but also shows that Taotian industry is still under pressure.The growth rate of international business, Cainiao logistics and other businesses is still optimistic, but since the market a","listText":"E-commerce earnings report to see Ali, Ali earnings report to see Amoy days.Just out of the end of June earnings (Ali Q1 FY2025) still continue to last quarter's \"mixed\". <a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> <a href=\"https://ttm.financial/S/89988\">$BABA-SWR(89988)$</a> <a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a> WorriesThe most important domestic retail \"Taotian Group\" was unexpectedly Miss expectations, and because the market in the Q2 domestic consumption environment changes in the overall environment, has lowered expectations, so the consensus is more conservative, but also shows that Taotian industry is still under pressure.The growth rate of international business, Cainiao logistics and other businesses is still optimistic, but since the market a","text":"E-commerce earnings report to see Ali, Ali earnings report to see Amoy days.Just out of the end of June earnings (Ali Q1 FY2025) still continue to last quarter's \"mixed\". $Alibaba(BABA)$ $BABA-SWR(89988)$ $Alibaba(09988)$ WorriesThe most important domestic retail \"Taotian Group\" was unexpectedly Miss expectations, and because the market in the Q2 domestic consumption environment changes in the overall environment, has lowered expectations, so the consensus is more conservative, but also shows that Taotian industry is still under pressure.The growth rate of international business, Cainiao logistics and other businesses is still optimistic, but since the market a","images":[{"img":"https://community-static.tradeup.com/news/d9711efee1679b6c950d142d16cb85af","width":"800","height":"480"},{"img":"https://community-static.tradeup.com/news/0079c5c085a7c9097a2c7ad5e1adc940","width":"750","height":"450"},{"img":"https://community-static.tradeup.com/news/649cd7c6a93810e13a63dff8e68b569d","width":"750","height":"450"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338813499564072","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}