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2021-08-06
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Why didn't the White House invite Musk?
马斯克很生气，发推抗议。
Why didn't the White House invite Musk?
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2021-08-02
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2021-07-28
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Shopify Q2 revenue of $1.119 billion, net income of $879 million
7月28日盘前，Shopify发布2021年第二季度业绩。财报显示，第二季度营收11.19亿美元，市场预期10.40亿美元，去年同期7.14亿美元；第二季度净利润8.79亿美元，市场预期净亏损0.06
Shopify Q2 revenue of $1.119 billion, net income of $879 million
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2021-07-24
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Administrative penalties were imposed! Tencent was ordered to terminate the exclusive copyright of online music.
腾讯回应被责令解除网络音乐独家版权：公司将认真遵守决定，严格落实监管要求，依法合规经营，切实履行社会责任，维护市场的良性竞争。市场监管总局依法作出行政处罚决定，责令腾讯及关联公司采取三十日内解除独家音乐版权、停止高额预付金等版权费用支付方式、无正当理由不得要求上游版权方给予其优于竞争对手的条件等恢复市场竞争状态的措施。
Administrative penalties were imposed! Tencent was ordered to terminate the exclusive copyright of online music.
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2021-07-22
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Southwest Airlines reported second-quarter revenue of $4.01 billion, with EPS turning a profit year-over-year.
西南航空2021年Q2 营收（亿美元）：40.1，预期：38.79，前值：10.08。 Q2每股收益0.57美元，市场预期亏损0.07美元，去年同期亏损1.63美元。 Q2乘客搭乘收入为35.7亿美元
Southwest Airlines reported second-quarter revenue of $4.01 billion, with EPS turning a profit year-over-year.
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2021-07-21
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2021-07-20
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2021-07-20
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Federal Reserve Watch: Biden may reappoint Powell, inflation concerns rise
美联储对高通胀是暂时性的解读越来越令人难以信服。美联储主席鲍威尔上周在国会作证时承认，通胀水平高于美联储的预期，如果通胀开始失控，他们将毫不犹豫地“调整”货币政策。 但他重申，由于经济的重新开放，供应
Federal Reserve Watch: Biden may reappoint Powell, inflation concerns rise
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2021-07-20
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Federal Reserve Watch: Biden may reappoint Powell, inflation concerns rise
美联储对高通胀是暂时性的解读越来越令人难以信服。美联储主席鲍威尔上周在国会作证时承认，通胀水平高于美联储的预期，如果通胀开始失控，他们将毫不犹豫地“调整”货币政策。 但他重申，由于经济的重新开放，供应
Federal Reserve Watch: Biden may reappoint Powell, inflation concerns rise
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2021-07-18
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OPEC+ agrees to increase oil production, ending the current stalemate.
7月18日，在沙特和阿联酋解决了一项阻碍协议达成的争端后，欧佩克及其盟友同意逐步向市场增加石油供应。与会代表表示，该组织将每月增产至多40万桶/日，直到所有闲置的产能都恢复，根据协议，阿联酋、伊拉克和
OPEC+ agrees to increase oil production, ending the current stalemate.
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10:00","market":"us","language":"zh","title":"Why didn't the White House invite Musk?","url":"https://stock-news.laohu8.com/highlight/detail?id=2157576024","media":"阿聪随笔","summary":"马斯克很生气，发推抗议。","content":"<p>unique lack<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Biden invited giants like GM and Ford to discuss electric vehicle plans; Musk: It's a bit strange; the author of the \"Steve Jobs biography\" will write a biography of Musk; Musk: Maybe one day I'll write an autobiography; Biden made \"big news\" for new energy vehicles, bringing in a bunch of automakers but not inviting Tesla; Musk complained: \"It's strange.\" New energy vehicles are lagging behind China and Europe; the Biden administration's aggressive policies to catch up with new energy vehicles have another big benefit; Biden declared: Half of new cars will be new energy vehicles! Source: A Cong's Essays</p><p>Biden wants to support traditional automakers in order to support the economic development of swing states. Furthermore, Musk's investment in cryptocurrencies may be the final straw that influenced him.</p><p>The United States held a meeting to formulate a new energy vehicle development strategy, provide industry support, and invite industry representatives. However, the meeting only invited executives from several traditional automakers, but not Elon Musk of Tesla. Musk was furious and tweeted in protest.</p><p>In terms of Tesla's sales in North America, apart from Chevrolet, which can sell a fraction of Tesla's sales, no other electric vehicles in the United States are on the list. Holding an electric vehicle conference in the United States that invites manufacturing bosses but not Tesla is like holding a table tennis All-Star Game that doesn't invite Chinese players. No wonder Musk feels wronged.</p><p>The White House later explained that because Musk opposes unions, Biden Sr. supports them. I guess this explanation was something I've been trying to think of for a long time, and it doesn't make sense. But why didn't Biden invite Tesla in the end?</p><p>I. Support the economic development of swing states</p><p>Developing new energy vehicles is a way to soothe the fundamentals of environmental protection and is also a rare area of consensus for international cooperation. However, the development of new energy vehicles is likely to stimulate the red necks of northern swing states, especially Michigan. DEM will never forget the Michigan Terror Night, and Pennsylvania and Wisconsin also have a large number of industrial workers. What these people dislike most is environmental protection. If low-carbon emission reduction is implemented, they will lose all their livelihoods and checks.</p><p>In 2016, Hillary Clinton's overly aggressive performance on energy turned the entire Northeast red. This caused Biden Sr. to take two steps forward and one step back on his energy attitude. Trump needs to build an impossible alliance between educated, conscientious conservatives and unemployed, manic rednecks, while Biden also needs to build an impossible alliance between environmentally friendly, green, and fresh-faced redneck coal miners.</p><p>As it turns out, the Democrats absolutely cannot afford to lose the northern swing states, and this is where the highlight of the 2022 battle on Capitol Hill lies. This not only led Biden to risk opposing San Dezi's New Green Deal during the debate (this is the most legendary point of the entire debate; very few people have made such a clear statement on such a controversial issue. Biden is betting that environmentalists have common sense, which almost left Trump speechless), but it also led Biden to actively involve the bosses of traditional automakers when promoting the New energy revolution.</p><p>In conclusion, when it comes to replacing gasoline-powered vehicles with new energy vehicles, it is best to use Ford or GM's new energy vehicles to replace gasoline-powered vehicles. If these idiots really can't be helped, we can't let them...<a href=\"https://laohu8.com/S/603883\">ordinary people</a>They believe that industrial upgrading is like California going to eat jobs in the Northeast.</p><p>II. Retaliation against Musk's investment in digital currencies</p><p>I've always believed that Musk's use of huge popularity to invest in cryptocurrencies could seriously impact Tesla's development. In retrospect, this is not only because the energy consumption of digital currencies may not be compatible with Tesla's image of carbon reduction, but also because digital currencies themselves threaten minting rights and are disliked by regulators.</p><p>While the White House is unlikely to admit that it didn't invite Musk because Musk bought cryptocurrency (one thing at a time, after all, this is an electric vehicle conference), this could be the final straw that broke the camel's back.</p><p>Proponents of digital currencies always say that coins consume far less energy than global paper money and gold. The problem is that the paper currency and gold system are fundamental to the leadership of various countries. You can't try to shake this foundation while simultaneously expecting your leaders to introduce policies to support you every day. Going against the trend and rebelling against one's persona is one thing, but actually rebelling is another. (Cracking down on cryptocurrencies is one of the few consensuses between the DEM and GOP.)</p><p>Electric vehicles are, of course, an industry that depends on policy, just as low carbon emissions are a policy orientation. It's important to understand that engine emission standards for gasoline-powered vehicles are a policy, and without these standards, the cost of gasoline-powered vehicles would drop significantly. Electric vehicle owners who oppose policies never achieve good results. In 2016, Ma knew how to build relationships with Trump, but in 2020 he really became arrogant.</p><p>Third, but actually, there's nothing wrong with not inviting them.</p><p>First of all, the fact that the electric vehicle coverage rate in the United States reached XXX in 20XX is something that onlookers are satisfied with. It's important to understand that this is just an executive order. An executive order has a four-year validity period and a coverage rate of XXX in 2030, just like a seller's research report predicts revenue of XXX in 2060. If Biden loses in 2024 (this guy probably won't be able to find a replacement and will have to run on his own), all his policies will be worthless. Moreover, this policy doesn't even involve going to the two houses of the Chinese People's If you lose in 2028, you'll be just a piece of waste paper after that.</p><p>This policy is even worse than a border wall. Old Bai really doesn't dare to tear down the border wall he built before, as this would not only solidify the Open border but also be criticized as a waste of money. However, with the support of oil capital, the next leader could cancel all preferential tram policies.</p><p>Secondly, there are no particularly specific policies to look forward to from the federal government. Subsidies cannot be targeted at any particular automaker; Tesla will benefit from local policies.</p><p>Of course, this incident also serves as a reminder to emerging new energy vehicle manufacturers—sell cars, don't mess around with other things.</p>","source":"sina","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>Why didn't the White House invite Musk?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy didn't the White House invite Musk?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">阿聪随笔</strong><span class=\"h-time small\">2021-08-06 10:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>unique lack<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Biden invited giants like GM and Ford to discuss electric vehicle plans; Musk: It's a bit strange; the author of the \"Steve Jobs biography\" will write a biography of Musk; Musk: Maybe one day I'll write an autobiography; Biden made \"big news\" for new energy vehicles, bringing in a bunch of automakers but not inviting Tesla; Musk complained: \"It's strange.\" New energy vehicles are lagging behind China and Europe; the Biden administration's aggressive policies to catch up with new energy vehicles have another big benefit; Biden declared: Half of new cars will be new energy vehicles! Source: A Cong's Essays</p><p>Biden wants to support traditional automakers in order to support the economic development of swing states. Furthermore, Musk's investment in cryptocurrencies may be the final straw that influenced him.</p><p>The United States held a meeting to formulate a new energy vehicle development strategy, provide industry support, and invite industry representatives. However, the meeting only invited executives from several traditional automakers, but not Elon Musk of Tesla. Musk was furious and tweeted in protest.</p><p>In terms of Tesla's sales in North America, apart from Chevrolet, which can sell a fraction of Tesla's sales, no other electric vehicles in the United States are on the list. Holding an electric vehicle conference in the United States that invites manufacturing bosses but not Tesla is like holding a table tennis All-Star Game that doesn't invite Chinese players. No wonder Musk feels wronged.</p><p>The White House later explained that because Musk opposes unions, Biden Sr. supports them. I guess this explanation was something I've been trying to think of for a long time, and it doesn't make sense. But why didn't Biden invite Tesla in the end?</p><p>I. Support the economic development of swing states</p><p>Developing new energy vehicles is a way to soothe the fundamentals of environmental protection and is also a rare area of consensus for international cooperation. However, the development of new energy vehicles is likely to stimulate the red necks of northern swing states, especially Michigan. DEM will never forget the Michigan Terror Night, and Pennsylvania and Wisconsin also have a large number of industrial workers. What these people dislike most is environmental protection. If low-carbon emission reduction is implemented, they will lose all their livelihoods and checks.</p><p>In 2016, Hillary Clinton's overly aggressive performance on energy turned the entire Northeast red. This caused Biden Sr. to take two steps forward and one step back on his energy attitude. Trump needs to build an impossible alliance between educated, conscientious conservatives and unemployed, manic rednecks, while Biden also needs to build an impossible alliance between environmentally friendly, green, and fresh-faced redneck coal miners.</p><p>As it turns out, the Democrats absolutely cannot afford to lose the northern swing states, and this is where the highlight of the 2022 battle on Capitol Hill lies. This not only led Biden to risk opposing San Dezi's New Green Deal during the debate (this is the most legendary point of the entire debate; very few people have made such a clear statement on such a controversial issue. Biden is betting that environmentalists have common sense, which almost left Trump speechless), but it also led Biden to actively involve the bosses of traditional automakers when promoting the New energy revolution.</p><p>In conclusion, when it comes to replacing gasoline-powered vehicles with new energy vehicles, it is best to use Ford or GM's new energy vehicles to replace gasoline-powered vehicles. If these idiots really can't be helped, we can't let them...<a href=\"https://laohu8.com/S/603883\">ordinary people</a>They believe that industrial upgrading is like California going to eat jobs in the Northeast.</p><p>II. Retaliation against Musk's investment in digital currencies</p><p>I've always believed that Musk's use of huge popularity to invest in cryptocurrencies could seriously impact Tesla's development. In retrospect, this is not only because the energy consumption of digital currencies may not be compatible with Tesla's image of carbon reduction, but also because digital currencies themselves threaten minting rights and are disliked by regulators.</p><p>While the White House is unlikely to admit that it didn't invite Musk because Musk bought cryptocurrency (one thing at a time, after all, this is an electric vehicle conference), this could be the final straw that broke the camel's back.</p><p>Proponents of digital currencies always say that coins consume far less energy than global paper money and gold. The problem is that the paper currency and gold system are fundamental to the leadership of various countries. You can't try to shake this foundation while simultaneously expecting your leaders to introduce policies to support you every day. Going against the trend and rebelling against one's persona is one thing, but actually rebelling is another. (Cracking down on cryptocurrencies is one of the few consensuses between the DEM and GOP.)</p><p>Electric vehicles are, of course, an industry that depends on policy, just as low carbon emissions are a policy orientation. It's important to understand that engine emission standards for gasoline-powered vehicles are a policy, and without these standards, the cost of gasoline-powered vehicles would drop significantly. Electric vehicle owners who oppose policies never achieve good results. In 2016, Ma knew how to build relationships with Trump, but in 2020 he really became arrogant.</p><p>Third, but actually, there's nothing wrong with not inviting them.</p><p>First of all, the fact that the electric vehicle coverage rate in the United States reached XXX in 20XX is something that onlookers are satisfied with. It's important to understand that this is just an executive order. An executive order has a four-year validity period and a coverage rate of XXX in 2030, just like a seller's research report predicts revenue of XXX in 2060. If Biden loses in 2024 (this guy probably won't be able to find a replacement and will have to run on his own), all his policies will be worthless. Moreover, this policy doesn't even involve going to the two houses of the Chinese People's If you lose in 2028, you'll be just a piece of waste paper after that.</p><p>This policy is even worse than a border wall. Old Bai really doesn't dare to tear down the border wall he built before, as this would not only solidify the Open border but also be criticized as a waste of money. However, with the support of oil capital, the next leader could cancel all preferential tram policies.</p><p>Secondly, there are no particularly specific policies to look forward to from the federal government. Subsidies cannot be targeted at any particular automaker; Tesla will benefit from local policies.</p><p>Of course, this incident also serves as a reminder to emerging new energy vehicle manufacturers—sell cars, don't mess around with other things.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/blockchain/roll/2021-08-06/doc-ikqcfncc1242090.shtml\">阿聪随笔</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fb3952e78c4c7330e4960d16950edf07","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.sina.com.cn/blockchain/roll/2021-08-06/doc-ikqcfncc1242090.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2157576024","content_text":"独缺特斯拉，拜登邀通用、福特等巨头共商电动车计划，马斯克：有点诡异《乔布斯传》作者将为马斯克写传记 马斯克：也许有一天我会写自传拜登给新能源车搞了个“大新闻”，拉来一堆车企，却没请特斯拉，马斯克吐槽：“真奇怪”新能源车落后中国和欧洲，拜登政府制定激进政策追赶新能源又有大利好，拜登放话：新车一半将是新能源车！\n\n来源： 阿聪随笔\n拜登想要扶持传统车企，为了支持摇摆州经济发展。此外，马斯克投资数字货币也可能是影响他的最后一根稻草。\n美国开会制定新能源车发展策略，给予产业扶持，邀请产业界代表，结果邀请的是几个传统车企的高管，却不邀请特斯拉的马斯克。马斯克很生气，发推抗议。\n从特斯拉北美区销量而言，美国本土电动汽车除了雪佛兰可以卖特斯拉的零头，其他人在榜单上根本看不到。在美国开电动车会议请制造业老板却不叫特斯拉，就好比搞乒乓球全明星赛不邀请中国球员。这也难怪马斯克很委屈。\n后来白宫的解释是，因为马斯克反对工会，老拜登支持工会。我估计这个解释也是憋了好久想的办法，确实有点说不过去了。但为啥拜登终究没有邀请特斯拉呢？\n一、要支持摇摆州经济发展\n搞新能源车是安抚环保基本盘，也是开展国际合作的罕有共识领域。但搞新能源车很可能刺激到北方摇摆州，特别是密歇根的红脖子。密歇根惊魂夜，DEM是无法忘怀的，而宾州和威斯康辛也有大量的产业工人。这些人最看不惯的就是环保，低碳减排搞起来，饭碗支票全没了。\n2016年，希拉里在能源方面过于激进的表演，使得整个东北部变得红彤彤。这使得老拜登在能源态度方面进两步退一步。老川需要建立一个受教育的良心保守派和没工作的狂躁红脖子不可能的联盟，拜登也需要建立一个爱环保的绿色小清新，和挖煤的红脖工人之间不可能的联盟。\n事实证明，DEM绝不能丧失北方摇摆州，而2022年国会山的决战看点也在这里。这不仅使得拜登在辩论中不惜冒险也要反对三德子的New Green Deal（这一点是整个辩论最传奇的一点，极少有人在一个争议问题上这么明确表态。拜登在豪赌环保派有常识，这几乎令老川哑口无言），更令拜老在推新能源革命时，却积极拉上传统车企的老板。\n总而言之，所谓新能源车替代燃油车，最好是福特、通用的新能源车替代燃油车。这些阿斗实在扶不起的话，也不能让老百姓认为产业升级就是加州去吃东北部的工作。\n二、回击马斯克投资数字货币\n我一直认为马斯克利用巨大的人望投资数字货币，可能严重影响特斯拉的发展。事后看，这不仅是因为数字货币的能源消耗可能无法和特斯拉减碳的形象兼容，更因为数字货币本身威胁铸币权，为监管所不喜。\n尽管白宫怎么都不可能承认不邀请马斯克是因为马斯克买币（一码归一码，毕竟这是个电动车会议），但这可能是影响马斯克的最后一根稻草。\n拥护数字货币的粉丝总会说，币的耗能比全球的纸币和黄金要少多了。问题在于，纸币和黄金体系是各国领导立身的根本。你不能一边想动摇这个根本，一边又指望领导天天出政策支持你。反潮流，叛逆人设是一回事，真的去叛逆就是另一回事。（打击币圈是DEM和GOP的少数共识之一）\n电动车当然是一个依赖于政策的行业，正如低碳这件事情本来就是政策取向。要知道燃油车的发动机排放标准本来就是一种政策，如果没有排放标准的限制，燃油车的成本会明显下降。电动车的老板去反政策，从来都是讨不到好果子的。老马在2016年尚且知道和老川搞关系，2020年真的就飘了。\n三、但其实不邀请也没什么\n首先美国的什么20XX年电动车覆盖率达到XXX，这种事情看客满意就好。要知道这就只是一个行政令罢了，行政令这种东西四年有效期，2030年覆盖率到XXX就好像卖方研究报告预测2060年收入XXX一样。如果2024年拜登输了（这哥们估计找不到别人替代，只能自己上），所有他的政策都是废纸一张。更何况这种连两院都不去的政策。2028年输了，之后也是废纸一张。\n这个政策连边境墙都不如。老拜现在还真不敢拆了以前建立的边境墙，这样不仅坐实了Open边境，更会被批评浪费钱。但在石油资本的支持下，下一任统领可以把所有优惠电车政策全部取消。\n其次联邦这边也没有什么特别具体的政策可以期待。补贴这种东西也不能定向打击某个车企，地方的政策特斯拉都会享受。\n当然这件事情也给新能源车新势力提了个醒——卖车就卖车，别乱搞别的。","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3814,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805496085,"gmtCreate":1627896639647,"gmtModify":1703497406381,"author":{"id":"3582937976166267","authorId":"3582937976166267","name":"x无牙仔x","avatar":"https://static.tigerbbs.com/383820dbf1a6648019f4c09bca24fd81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582937976166267","authorIdStr":"3582937976166267"},"themes":[],"title":"","htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805496085","repostId":"1187558503","repostType":4,"isVote":1,"tweetType":1,"viewCount":4695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801039402,"gmtCreate":1627471320006,"gmtModify":1703490578655,"author":{"id":"3582937976166267","authorId":"3582937976166267","name":"x无牙仔x","avatar":"https://static.tigerbbs.com/383820dbf1a6648019f4c09bca24fd81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582937976166267","authorIdStr":"3582937976166267"},"themes":[],"title":"","htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801039402","repostId":"1120839532","repostType":4,"repost":{"id":"1120839532","kind":"news","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":1627470418,"share":"https://ttm.financial/m/news/1120839532?lang=en_US&edition=fundamental","pubTime":"2021-07-28 19:06","market":"us","language":"zh","title":"Shopify Q2 revenue of $1.119 billion, net income of $879 million","url":"https://stock-news.laohu8.com/highlight/detail?id=1120839532","media":"老虎资讯综合","summary":"7月28日盘前，Shopify发布2021年第二季度业绩。财报显示，第二季度营收11.19亿美元，市场预期10.40亿美元，去年同期7.14亿美元；第二季度净利润8.79亿美元，市场预期净亏损0.06","content":"<p>Before the market on July 28th,<a href=\"https://laohu8.com/S/SHOP\">Shopify</a>Released second quarter 2021 results. According to the financial report, the revenue in the second quarter was USD 1.119 billion, the market expected USD 1.040 billion and USD 714 million in the same period last year; The net profit in the second quarter was US$879 million, and the market expected a net loss of US$06 million, compared with a net profit of US$36 million in the same period last year; Q2 earnings of $6.9 per share.</p><p>Commodity transactions totaled $42.2 billion in the second quarter, an increase of $12.1 billion, or 40%, over the second quarter of 2020.</p><p>Gross profit is expected to grow rapidly in 2021.</p><p><img src=\"https://static.tigerbbs.com/ef0a09a03a21c9126d19710016b32d39\" tg-width=\"828\" tg-height=\"935\" referrerpolicy=\"no-referrer\"></p><p>After the earnings release, Shopify fell 0.59% premarket at $1,546.</p><p><img src=\"https://static.tigerbbs.com/a16e1d00d455df9e3298009f04ef5041\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shopify Q2 revenue of $1.119 billion, net income of $879 million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShopify Q2 revenue of $1.119 billion, net income of $879 million\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2021-07-28 19:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Before the market on July 28th,<a href=\"https://laohu8.com/S/SHOP\">Shopify</a>Released second quarter 2021 results. According to the financial report, the revenue in the second quarter was USD 1.119 billion, the market expected USD 1.040 billion and USD 714 million in the same period last year; The net profit in the second quarter was US$879 million, and the market expected a net loss of US$06 million, compared with a net profit of US$36 million in the same period last year; Q2 earnings of $6.9 per share.</p><p>Commodity transactions totaled $42.2 billion in the second quarter, an increase of $12.1 billion, or 40%, over the second quarter of 2020.</p><p>Gross profit is expected to grow rapidly in 2021.</p><p><img src=\"https://static.tigerbbs.com/ef0a09a03a21c9126d19710016b32d39\" tg-width=\"828\" tg-height=\"935\" referrerpolicy=\"no-referrer\"></p><p>After the earnings release, Shopify fell 0.59% premarket at $1,546.</p><p><img src=\"https://static.tigerbbs.com/a16e1d00d455df9e3298009f04ef5041\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{"SHOP":"Shopify Inc"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120839532","content_text":"7月28日盘前，Shopify发布2021年第二季度业绩。财报显示，第二季度营收11.19亿美元，市场预期10.40亿美元，去年同期7.14亿美元；第二季度净利润8.79亿美元，市场预期净亏损0.06亿美元，去年同期净利润0.36亿美元；第二季度每股盈利6.9美元。\n第二季度的商品交易总额为422亿美元，比2020年第二季度增加了121亿美元，增幅为40%。\n预计2021年毛利润将快速增长。\n\n财报发布后，Shopify盘前跌0.59%，报1546美元。","news_type":1,"symbols_score_info":{"SHOP":0.9}},"isVote":1,"tweetType":1,"viewCount":4509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174686621,"gmtCreate":1627095192063,"gmtModify":1703484169289,"author":{"id":"3582937976166267","authorId":"3582937976166267","name":"x无牙仔x","avatar":"https://static.tigerbbs.com/383820dbf1a6648019f4c09bca24fd81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582937976166267","authorIdStr":"3582937976166267"},"themes":[],"title":"","htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/174686621","repostId":"1170350340","repostType":4,"repost":{"id":"1170350340","kind":"news","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":1627092098,"share":"https://ttm.financial/m/news/1170350340?lang=en_US&edition=fundamental","pubTime":"2021-07-24 10:01","market":"sh","language":"zh","title":"Administrative penalties were imposed! Tencent was ordered to terminate the exclusive copyright of online music.","url":"https://stock-news.laohu8.com/highlight/detail?id=1170350340","media":"老虎资讯综合","summary":"腾讯回应被责令解除网络音乐独家版权：公司将认真遵守决定，严格落实监管要求，依法合规经营，切实履行社会责任，维护市场的良性竞争。市场监管总局依法作出行政处罚决定，责令腾讯及关联公司采取三十日内解除独家音乐版权、停止高额预付金等版权费用支付方式、无正当理由不得要求上游版权方给予其优于竞争对手的条件等恢复市场竞争状态的措施。","content":"<p>Tencent responded to the order to terminate its exclusive online music copyright: The company will strictly abide by the decision, strictly implement regulatory requirements, operate in accordance with laws and regulations, earnestly fulfill its social responsibilities, and maintain healthy competition in the market. Tencent will fulfill its responsibilities, work with Tencent Music and other affiliated companies to formulate rectification measures within the prescribed time limit, and complete the rectification in full and without compromise in accordance with the requirements of the penalty decision to ensure that the rectification is in place.</p><p>The State Administration for Market Regulation has issued an administrative penalty decision in accordance with the law, ordering Tencent and its affiliated companies to take measures to restore market competition, such as terminating exclusive music copyrights within 30 days, ceasing payment of copyright fees such as high prepayments, and prohibiting upstream copyright holders from providing them with conditions better than competitors without justifiable reason. In January 2021, based on a report, the State Administration for Market Regulation initiated an investigation into Tencent Holdings Limited (hereinafter referred to as Tencent) for suspected illegal concentration of operators in its acquisition of equity in China Music Group in July 2016.</p><p>In accordance with the Anti-Monopoly Law, the State Administration for Market Regulation investigated the facts of the illegal concentration in this transaction and fully assessed the market share, control, concentration, and impact of the concentration on market entry and consumers of the operators participating in the concentration. At the same time, we widely solicited opinions from relevant government departments, industry associations, experts and scholars, and competitors, and listened to Tencent's statements on multiple occasions.</p><p>The investigation indicates that the relevant market in this case is the online music playback platform market within China. Genuine music copyright is the core asset and key resource for the operation of online music playback platforms. In 2016, Tencent and China Music Group held approximately 30% and 40% market shares in the relevant market, respectively. Tencent gained a relatively high market share by merging with its major competitors. After the merger, the physical entity would own more than 80% of the exclusive music library resources. This may have the ability to prompt upstream copyright holders to reach more exclusive copyright agreements with it, or to demand that it be given better transaction conditions than its competitors. It may also have the ability to increase market entry barriers through copyright payment models such as paying high prepayments, which has or may have the effect of excluding or restricting competition in the relevant market.</p><p>In accordance with Article 48 of the Anti-Monopoly Law and Article 57 of the Interim Provisions on the Review of Concentrations of Business Undertakings, and in accordance with the principle of giving equal importance to development and standardization, the State Administration for Market Regulation has made an administrative penalty decision, ordering Tencent and its affiliated companies to take measures to restore market competition, such as terminating exclusive music copyrights within 30 days, ceasing payment of copyright fees such as high prepayments, and prohibiting upstream copyright holders from giving them conditions that are better than those of competitors without justifiable reason. Tencent will report its fulfillment of its obligations to the State Administration for Market Regulation annually for three years, and the State Administration for Market Regulation will strictly supervise its implementation in accordance with the law.</p><p>This case is the first case since the implementation of my country's Anti-Monopoly Law in which necessary measures have been taken to restore market competition by illegally concentrating business operators. Measures such as ordering Tencent to terminate its exclusive copyright will reshape the competitive order in relevant markets, lower market entry barriers, and give competitors fair access to upstream copyright resources. This will help shift the focus of competition from leveraging capital advantages to seize copyright resources back to a rational track of innovating service levels and improving user experience. This will help promote a reasonable way to calculate copyright fees in line with international standards and reduce downstream operating costs; This will help cultivate new market entrants, create a fairer competitive environment for existing companies, protect consumers' right to choose, ultimately benefit consumers, and promote the standardized, innovative, and healthy development of the online music industry.</p><p>The following is the full text of the penalty notice:</p><p>State Administration for Market Regulation</p><p>Administrative penalty decision</p><p>State Council Market Supervision Office [2021] No.</p><p>Party: Tencent Holdings Limited</p><p>Address: Creech Plaza, Huggins Avenue, Cayman Islands</p><p>In accordance with the Anti-Monopoly Law of the People's Republic of China (hereinafter referred to as the \"Anti-Monopoly Law\") and the \"Interim Provisions on the Review of Concentration of Undertakings\", this agency has initiated an investigation into Tencent Holdings Limited's (hereinafter referred to as Tencent) acquisition of equity in China Music Group on January 25, 2021, which is suspected of illegally implementing concentration of undertakings.</p><p>An investigation revealed that the case constituted an illegal concentration of business operators, which had or may have the effect of excluding or restricting competition. In accordance with the provisions of the Administrative Penalty Law of the People's Republic of China (hereinafter referred to as the \"Administrative Penalty Law\"), this agency serves Tencent with the \"Notice of Administrative Penalty\", informing it of the content, facts, reasons and basis of the proposed administrative penalty, and informing it of its rights to make statements, defenses and request hearings in accordance with the law. Tencent did not make any statements, defenses, or request a hearing within the prescribed time limit. The investigation and trial of this case have now concluded.</p><p><ul><li>Basic Information</li></ul><b>(a) Parties to the transaction.</b></p><p><b>Acquirer: Tencent.</b>It was incorporated in the British Virgin Islands in November 1999, relocated to the British Cayman Islands in February 2004, and listed on the Hong Kong Stock Exchange in June 2004. Through an agreement, it controlled its main domestic operating entity, Shenzhen Tencent Computer Systems Co., Ltd. Its main businesses include social and communication services, social networking platforms, online music platforms, games, online video services, and interactive entertainment live streaming. In 2015, global revenue was RMB 102.863 billion (the same in currency below), while domestic revenue in China was RMB 96.251 billion.</p><p><b>Acquiree: China Music Group.</b>It was incorporated in the Cayman Islands in 2012 and controlled Ocean Interactive (Beijing) Information Technology Co., Ltd., its main domestic operating entity, through an agreement. Its main businesses include online music platforms, record company publishing, and copyright agency. Natural persons (omitted) have joint control as parties acting in concert. Both global and domestic sales in 2015 were (omitted).</p><p><b>(ii) Transaction overview.</b></p><p>On July 12, 2016, Tencent invested in China Music Group through a valuation (omitted) business (mainly QQ Music business), acquiring a 61.64% stake in China Music Group and gaining sole control of China Music Group. In December 2016, the merged China Music Group was renamed Tencent Music Entertainment Group. On December 6, 2017, the transaction completed the equity change registration procedures.</p><p>II. Illegal Facts and Reasons</p><p><b>(i) This case constitutes an illegal concentration of business operators.</b></p><p>Article 20 of the Anti-Monopoly Law stipulates that \"a concentration of undertakings refers to the following circumstances: (1) a merger of undertakings; (2) an undertaking acquiring control over other undertakings by acquiring equity or assets; (3) an undertaking acquiring control over other undertakings or being able to exert decisive influence over other undertakings through contracts or other means.\" Prior to this merger, China Music Group was jointly controlled by natural persons (omitted). Following this merger, Tencent will acquire a 61.64% stake in China Music Group and gain sole control of the group, which falls under the category of a concentration of undertakings as stipulated in Article 20 of the Anti-Monopoly Law.</p><p>Tencent's global revenue in 2015 was RMB 102.863 billion, and its domestic revenue in China was RMB 96.251 billion. China Music Group's global and domestic revenue in 2015 were both (omitted), meeting the reporting standards stipulated in Article 3 of the \"Regulations of the State Council on the Reporting Standards for Concentration of Undertakings\" and falling under the circumstances that should be reported.</p><p>Article 21 of the Anti-Monopoly Law stipulates that \"if a concentration of undertakings meets the application standards stipulated by the State Council, the undertaking shall apply to the anti-monopoly law enforcement agency of the State Council in advance, and the concentration shall not be carried out without applying.\" On December 6, 2017, Tencent completed its equity change registration. Prior to this, it failed to file a report with the authorities, which violated Article 21 of the Anti-Monopoly Law and constituted an illegal concentration of undertakings.</p><p>The above facts are supported by evidence such as a copy of Tencent's business license, organizational structure chart, equity relationship chart, \"Application Form for Anti-Monopoly Review of Concentration of Undertakings\", Tencent's annual report, \"Written Explanation of Relevant Issues of Tencent\", and \"Share Subscription Agreement\".</p><p><b>(ii) This case has or may have the effect of excluding or restricting competition.</b></p><p>In accordance with the provisions of the Anti-Monopoly Law and the Guidelines of the Anti-Monopoly Commission of the State Council on the Definition of Relevant Markets, and taking into account the characteristics of the platform economy, and based on economic analysis and questionnaire surveys, the relevant market in this case is defined as the domestic online music playback platform market in China where there is horizontal overlap between the two parties to the transaction.<b>Online music playback platform market</b>This refers to a platform that provides consumers with complete copyrighted music recording playback services through programs or websites on computers, mobile phones, or other smart terminals, either through online playback or download. Although online karaoke, online live streaming, and short video platforms also provide services related to online music, their core functions, application scenarios, business models, and market entry are not closely substituted for the online music playback platform market and do not belong to the same related product market. Because the authorization of music copyrights is restricted by the copyright laws of various countries and has significant regional differences, the authorized music copyright dissemination scope of Chinese online music playback platforms is generally within China and is mainly aimed at users within China. Therefore, the relevant regional market is defined as within China.</p><p>After in-depth research, this focus has or may have the effect of excluding or restricting competition in the domestic online music playback platform market in China:</p><p><ol><li><b>After the concentration, the entity has a higher market share in the relevant market.</b></li></ol>When the concentration occurred in July 2016, Tencent and China Music Group had 160 million and 230 million monthly active users respectively, with market shares of 33.96% and 49.07%. The monthly usage time of users was 805 million hours and 698 million hours respectively, with market shares of 45.77% and 39.65% respectively. Both parties ranked first and second in the market, with a combined market share of over 80%. In 2016, the total sales amount of the two parties in the relevant markets (omitted) accounted for approximately 70% of the total revenue in the relevant markets. Based on the market share of core music copyright resources, Tencent and China Music Group have 12.1 million and 8.21 million music libraries respectively, of which 3.14 million and 1.3 million are exclusive music libraries. The market share of both music libraries and exclusive resources exceeds 80%.</p><p>According to the Huffindal-Hirschmann Index (HHI) analysis of the market, it was 6950 after trading, indicating a highly concentrated market, with a concentrated increase of 3350. The transaction further increased the concentration of the relevant markets and further weakened competition.</p><p><ol><li><b>Concentrate on reducing major competitors in relevant markets.</b></li></ol>The survey shows that before the transaction, the two parties were the top two in the market, with equal competitive strength and close competition. According to consumers' choices between alternative platforms, 73.6% of users of Tencent's QQ Music have switched to Kugou Music and Kuwo Music, both subsidiaries of China Music Group. This indicates that if QQ Music raises prices or lowers service levels, 73.6% of users may switch to China Music Group's platforms, making them close competitors. We will focus on reducing major competitors in relevant markets and further weaken market competition.</p><p><ol><li><b>Concentration may further increase the barriers to entry in related markets.</b></li></ol><b>First, it may increase the barriers to entry for copyright resources.</b>With entities securing a significant amount of exclusive copyright resources after concentration, new entrants must rely on their sub-licensing, making it more difficult to enter the relevant market. The market size brought about by concentration also enables it to pay copyright fees to upstream copyright holders by paying large, non-refundable prepayments in advance, which may further increase market entry barriers.</p><p><b>Secondly, it may increase user conversion costs.</b>This brings Tencent a relatively rich music library, a large user base, and ample usage data. Compared to newcomers to the platform, it can recommend songs that meet consumer preferences, reducing users' willingness to switch platforms, thereby further expanding the user base and potentially preventing other competitors from reaching or maintaining a critical scale.</p><p><b>Third, the market entry activity was not high after the concentration.</b>Data shows that the main entry into the online music playback platform market occurred from early 2016 to July 2017. After the concentrated entry was completed at the end of 2017, the market activity declined significantly.</p><p>In summary, Tencent's high market share in the online music playback platform market in China through this concentration may enable it to persuade upstream copyright holders to grant it exclusive copyright licenses or provide it with better terms than its competitors. It may also enable Tencent to raise market entry barriers by paying high prepayments, which may or may not have the effect of excluding or restricting competition in the relevant market.</p><p>The survey also found that the Chinese online music playback platform market is developing rapidly, and the market share of Tencent's main competitors (omitted) is also growing rapidly, from less than 6% at the time of concentration to nearly 18%, an increase of about 200%, indicating that competitors are increasingly constraining its competition. In addition, online music playback platforms have shown a certain dynamic competition and cross-industry integration trend with other platforms in recent years. Some short video platforms with a broad user base may become competitors in related markets in the future if they acquire a sufficient number of music copyright resources.</p><p>The above facts are supported by evidence such as statistical data and industry analysis reports from third-party organizations, questionnaire survey reports, economic analysis reports, licensing agreements and sub-licensing agreements provided by Tencent and related parties, and responses from industry regulatory authorities and other relevant parties.</p><p>III. Basis and Decision for Administrative Penalties</p><p>Article 48 of the Anti-Monopoly Law stipulates that \"if an undertaking violates the provisions of this Law by implementing a concentration, the anti-monopoly law enforcement agency under the State Council shall order it to cease the concentration, dispose of its shares or assets within a specified period, transfer its business within a specified period, and take other necessary measures to restore it to the state before the concentration, and may impose a fine of up to 500,000 yuan.\" Article 49 of the Anti-Monopoly Law stipulates that \"when determining the specific amount of the fines stipulated in Articles 46, 47 and 48 of this Law, the anti-monopoly enforcement agency shall take into account factors such as the nature, degree and duration of the illegal act.\"</p><p>In accordance with the aforementioned regulations, and based on the aforementioned investigation findings and assessment conclusions, this agency has made the following decision regarding Tencent:</p><p><b>(i) Tencent and its affiliated companies are ordered to take the following measures to restore the relevant market competition:</b></p><p>1. No exclusive copyright agreement (the copyright scope includes the information network dissemination rights of all musical works and recordings) or other exclusive agreement may be reached or indirectly reached with upstream copyright holders. If such agreement has been reached, it must be terminated within thirty days from the date of this decision, except for exclusive collaborations with independent musicians (referring to the original rights holders of musical works or recordings who have authorized the copyright with music platforms in their own name and have never signed an agreement with any record company or brokerage company) or the premiere of new songs. Exclusive collaborations with independent musicians shall not exceed three years, and exclusive collaborations with new song premieres shall not exceed thirty days.</p><p>2. Without justifiable reason, it is prohibited to demand or indirectly demand that the upstream copyright holder grant the party conditions superior to other competitors, including but not limited to the scope of authorization, the amount of authorization, the term of authorization, etc., or any agreement or agreement terms related thereto. Any agreement already reached must be terminated within thirty days from the date of issuance of this decision.</p><p>3. Quote prices to upstream copyright holders based on factors such as actual copyright usage, user payment, song unit price, application scenarios, and contract term. Do not increase competitors' costs in disguise or exclude or restrict competition through high prepayments or other means.</p><p><b>(ii) A fine of 500,000 yuan shall be imposed.</b></p><p><b>(iii) Apply for a concentration of business operators in accordance with the law.</b></p><p>1. If a concentration of business operators meets the application standards stipulated by the State Council, it shall apply to the State Administration for Market Regulation in advance. Those who fail to apply shall not be allowed to concentrate.</p><p>2. If a concentration of undertakings does not meet the application standards, but the concentration of undertakings has or may have the effect of excluding or restricting competition, it shall be reported to the State Administration for Market Regulation in advance. Those who fail to report shall not be allowed to carry out the concentration.</p><p>3. If the transaction does not constitute a concentration of undertakings, except for matters related to the protection of minority shareholders' rights and interests as stipulated by law, the undertaking shall not participate in the relevant enterprise's business decision-making and shall report the basic information of the transaction to the State Administration for Market Regulation in its annual report.</p><p><b>(iv) Operate in accordance with laws and regulations and establish and improve a long-term mechanism for fair participation in market competition.</b></p><p>1. Comprehensively regulate its own competitive behavior, conduct a comprehensive and in-depth self-examination in accordance with the Anti-Monopoly Law, and examine and regulate its own business practices.</p><p>2. Strictly implement the primary responsibility of platform enterprises, continuously improve the platform's internal governance rules, and cooperate with other operators in accordance with the principles of fairness, reasonableness, and non-discrimination.</p><p>3. Improve the company's internal compliance control system, establish and effectively implement anti-monopoly compliance systems, and consciously safeguard fair competition.</p><p>4. Protect the legitimate rights and interests of consumers. We will fully protect consumers' rights, set reasonable prices, and safeguard consumer privacy.</p><p>5. Actively uphold fair competition and promote innovative development in the industry.</p><p>The above measures shall be implemented from the date of issuance of the Administrative Penalty Decision. Tencent and its affiliated companies shall formulate rectification plans in accordance with the above measures within ten days and submit them to the State Administration for Market Regulation for review. The State Administration for Market Regulation has the right to inspect Tencent and its affiliated companies' performance of the above obligations within three years through supervision of the trustee or its own supervision. Tencent shall report its performance of obligations to the State Administration for Market Regulation annually for three years, and shall no longer report after the expiration of three years.</p><p>Article 67 of the Administrative Penalty Law stipulates that \"the administrative organ making the fine decision shall be separated from the agency collecting the fine. Except for fines collected on the spot in accordance with Articles 68 and 69 of this Law, the administrative organ making the administrative penalty decision and its law enforcement personnel shall not collect the fine on their own. The party concerned shall pay the fine at a designated bank or through an electronic payment system within fifteen days from the date of receiving the administrative penalty decision.\" Banks should accept fines and remit them directly to the national treasury.</p><p>The party concerned shall, within fifteen days from the date of receiving this administrative penalty decision, pay the fine at any of the 12 central government non-tax revenue collection agency banks (ICBC, ABC, CCB, COCOM, CITIC, Everbright, China Merchants, Postal Savings Bank, Huaxia, Ping An, and Industrial Bank) branches or online banks in accordance with this administrative penalty decision, using the payment code. Payment code: ***.</p><p>If a party is dissatisfied with the aforementioned administrative penalty decision, they may apply for administrative reconsideration to the State Administration for Market Regulation within sixty days from the date of receiving this administrative penalty decision. Alternatively, within six months from the date of receiving this administrative penalty decision, an administrative lawsuit may be filed with the Beijing Intellectual Property Court in accordance with the law. This administrative penalty decision shall not be suspended during the period of administrative reconsideration or administrative litigation.</p><p>State Administration for Market</p><p>July 24, 2021<img src=\"https://static.tigerbbs.com/670343de69414ca1b966fc90740b6559\" tg-width=\"1020\" tg-height=\"642\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Administrative penalties were imposed! Tencent was ordered to terminate the exclusive copyright of online music.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAdministrative penalties were imposed! Tencent was ordered to terminate the exclusive copyright of online music.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2021-07-24 10:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tencent responded to the order to terminate its exclusive online music copyright: The company will strictly abide by the decision, strictly implement regulatory requirements, operate in accordance with laws and regulations, earnestly fulfill its social responsibilities, and maintain healthy competition in the market. Tencent will fulfill its responsibilities, work with Tencent Music and other affiliated companies to formulate rectification measures within the prescribed time limit, and complete the rectification in full and without compromise in accordance with the requirements of the penalty decision to ensure that the rectification is in place.</p><p>The State Administration for Market Regulation has issued an administrative penalty decision in accordance with the law, ordering Tencent and its affiliated companies to take measures to restore market competition, such as terminating exclusive music copyrights within 30 days, ceasing payment of copyright fees such as high prepayments, and prohibiting upstream copyright holders from providing them with conditions better than competitors without justifiable reason. In January 2021, based on a report, the State Administration for Market Regulation initiated an investigation into Tencent Holdings Limited (hereinafter referred to as Tencent) for suspected illegal concentration of operators in its acquisition of equity in China Music Group in July 2016.</p><p>In accordance with the Anti-Monopoly Law, the State Administration for Market Regulation investigated the facts of the illegal concentration in this transaction and fully assessed the market share, control, concentration, and impact of the concentration on market entry and consumers of the operators participating in the concentration. At the same time, we widely solicited opinions from relevant government departments, industry associations, experts and scholars, and competitors, and listened to Tencent's statements on multiple occasions.</p><p>The investigation indicates that the relevant market in this case is the online music playback platform market within China. Genuine music copyright is the core asset and key resource for the operation of online music playback platforms. In 2016, Tencent and China Music Group held approximately 30% and 40% market shares in the relevant market, respectively. Tencent gained a relatively high market share by merging with its major competitors. After the merger, the physical entity would own more than 80% of the exclusive music library resources. This may have the ability to prompt upstream copyright holders to reach more exclusive copyright agreements with it, or to demand that it be given better transaction conditions than its competitors. It may also have the ability to increase market entry barriers through copyright payment models such as paying high prepayments, which has or may have the effect of excluding or restricting competition in the relevant market.</p><p>In accordance with Article 48 of the Anti-Monopoly Law and Article 57 of the Interim Provisions on the Review of Concentrations of Business Undertakings, and in accordance with the principle of giving equal importance to development and standardization, the State Administration for Market Regulation has made an administrative penalty decision, ordering Tencent and its affiliated companies to take measures to restore market competition, such as terminating exclusive music copyrights within 30 days, ceasing payment of copyright fees such as high prepayments, and prohibiting upstream copyright holders from giving them conditions that are better than those of competitors without justifiable reason. Tencent will report its fulfillment of its obligations to the State Administration for Market Regulation annually for three years, and the State Administration for Market Regulation will strictly supervise its implementation in accordance with the law.</p><p>This case is the first case since the implementation of my country's Anti-Monopoly Law in which necessary measures have been taken to restore market competition by illegally concentrating business operators. Measures such as ordering Tencent to terminate its exclusive copyright will reshape the competitive order in relevant markets, lower market entry barriers, and give competitors fair access to upstream copyright resources. This will help shift the focus of competition from leveraging capital advantages to seize copyright resources back to a rational track of innovating service levels and improving user experience. This will help promote a reasonable way to calculate copyright fees in line with international standards and reduce downstream operating costs; This will help cultivate new market entrants, create a fairer competitive environment for existing companies, protect consumers' right to choose, ultimately benefit consumers, and promote the standardized, innovative, and healthy development of the online music industry.</p><p>The following is the full text of the penalty notice:</p><p>State Administration for Market Regulation</p><p>Administrative penalty decision</p><p>State Council Market Supervision Office [2021] No.</p><p>Party: Tencent Holdings Limited</p><p>Address: Creech Plaza, Huggins Avenue, Cayman Islands</p><p>In accordance with the Anti-Monopoly Law of the People's Republic of China (hereinafter referred to as the \"Anti-Monopoly Law\") and the \"Interim Provisions on the Review of Concentration of Undertakings\", this agency has initiated an investigation into Tencent Holdings Limited's (hereinafter referred to as Tencent) acquisition of equity in China Music Group on January 25, 2021, which is suspected of illegally implementing concentration of undertakings.</p><p>An investigation revealed that the case constituted an illegal concentration of business operators, which had or may have the effect of excluding or restricting competition. In accordance with the provisions of the Administrative Penalty Law of the People's Republic of China (hereinafter referred to as the \"Administrative Penalty Law\"), this agency serves Tencent with the \"Notice of Administrative Penalty\", informing it of the content, facts, reasons and basis of the proposed administrative penalty, and informing it of its rights to make statements, defenses and request hearings in accordance with the law. Tencent did not make any statements, defenses, or request a hearing within the prescribed time limit. The investigation and trial of this case have now concluded.</p><p><ul><li>Basic Information</li></ul><b>(a) Parties to the transaction.</b></p><p><b>Acquirer: Tencent.</b>It was incorporated in the British Virgin Islands in November 1999, relocated to the British Cayman Islands in February 2004, and listed on the Hong Kong Stock Exchange in June 2004. Through an agreement, it controlled its main domestic operating entity, Shenzhen Tencent Computer Systems Co., Ltd. Its main businesses include social and communication services, social networking platforms, online music platforms, games, online video services, and interactive entertainment live streaming. In 2015, global revenue was RMB 102.863 billion (the same in currency below), while domestic revenue in China was RMB 96.251 billion.</p><p><b>Acquiree: China Music Group.</b>It was incorporated in the Cayman Islands in 2012 and controlled Ocean Interactive (Beijing) Information Technology Co., Ltd., its main domestic operating entity, through an agreement. Its main businesses include online music platforms, record company publishing, and copyright agency. Natural persons (omitted) have joint control as parties acting in concert. Both global and domestic sales in 2015 were (omitted).</p><p><b>(ii) Transaction overview.</b></p><p>On July 12, 2016, Tencent invested in China Music Group through a valuation (omitted) business (mainly QQ Music business), acquiring a 61.64% stake in China Music Group and gaining sole control of China Music Group. In December 2016, the merged China Music Group was renamed Tencent Music Entertainment Group. On December 6, 2017, the transaction completed the equity change registration procedures.</p><p>II. Illegal Facts and Reasons</p><p><b>(i) This case constitutes an illegal concentration of business operators.</b></p><p>Article 20 of the Anti-Monopoly Law stipulates that \"a concentration of undertakings refers to the following circumstances: (1) a merger of undertakings; (2) an undertaking acquiring control over other undertakings by acquiring equity or assets; (3) an undertaking acquiring control over other undertakings or being able to exert decisive influence over other undertakings through contracts or other means.\" Prior to this merger, China Music Group was jointly controlled by natural persons (omitted). Following this merger, Tencent will acquire a 61.64% stake in China Music Group and gain sole control of the group, which falls under the category of a concentration of undertakings as stipulated in Article 20 of the Anti-Monopoly Law.</p><p>Tencent's global revenue in 2015 was RMB 102.863 billion, and its domestic revenue in China was RMB 96.251 billion. China Music Group's global and domestic revenue in 2015 were both (omitted), meeting the reporting standards stipulated in Article 3 of the \"Regulations of the State Council on the Reporting Standards for Concentration of Undertakings\" and falling under the circumstances that should be reported.</p><p>Article 21 of the Anti-Monopoly Law stipulates that \"if a concentration of undertakings meets the application standards stipulated by the State Council, the undertaking shall apply to the anti-monopoly law enforcement agency of the State Council in advance, and the concentration shall not be carried out without applying.\" On December 6, 2017, Tencent completed its equity change registration. Prior to this, it failed to file a report with the authorities, which violated Article 21 of the Anti-Monopoly Law and constituted an illegal concentration of undertakings.</p><p>The above facts are supported by evidence such as a copy of Tencent's business license, organizational structure chart, equity relationship chart, \"Application Form for Anti-Monopoly Review of Concentration of Undertakings\", Tencent's annual report, \"Written Explanation of Relevant Issues of Tencent\", and \"Share Subscription Agreement\".</p><p><b>(ii) This case has or may have the effect of excluding or restricting competition.</b></p><p>In accordance with the provisions of the Anti-Monopoly Law and the Guidelines of the Anti-Monopoly Commission of the State Council on the Definition of Relevant Markets, and taking into account the characteristics of the platform economy, and based on economic analysis and questionnaire surveys, the relevant market in this case is defined as the domestic online music playback platform market in China where there is horizontal overlap between the two parties to the transaction.<b>Online music playback platform market</b>This refers to a platform that provides consumers with complete copyrighted music recording playback services through programs or websites on computers, mobile phones, or other smart terminals, either through online playback or download. Although online karaoke, online live streaming, and short video platforms also provide services related to online music, their core functions, application scenarios, business models, and market entry are not closely substituted for the online music playback platform market and do not belong to the same related product market. Because the authorization of music copyrights is restricted by the copyright laws of various countries and has significant regional differences, the authorized music copyright dissemination scope of Chinese online music playback platforms is generally within China and is mainly aimed at users within China. Therefore, the relevant regional market is defined as within China.</p><p>After in-depth research, this focus has or may have the effect of excluding or restricting competition in the domestic online music playback platform market in China:</p><p><ol><li><b>After the concentration, the entity has a higher market share in the relevant market.</b></li></ol>When the concentration occurred in July 2016, Tencent and China Music Group had 160 million and 230 million monthly active users respectively, with market shares of 33.96% and 49.07%. The monthly usage time of users was 805 million hours and 698 million hours respectively, with market shares of 45.77% and 39.65% respectively. Both parties ranked first and second in the market, with a combined market share of over 80%. In 2016, the total sales amount of the two parties in the relevant markets (omitted) accounted for approximately 70% of the total revenue in the relevant markets. Based on the market share of core music copyright resources, Tencent and China Music Group have 12.1 million and 8.21 million music libraries respectively, of which 3.14 million and 1.3 million are exclusive music libraries. The market share of both music libraries and exclusive resources exceeds 80%.</p><p>According to the Huffindal-Hirschmann Index (HHI) analysis of the market, it was 6950 after trading, indicating a highly concentrated market, with a concentrated increase of 3350. The transaction further increased the concentration of the relevant markets and further weakened competition.</p><p><ol><li><b>Concentrate on reducing major competitors in relevant markets.</b></li></ol>The survey shows that before the transaction, the two parties were the top two in the market, with equal competitive strength and close competition. According to consumers' choices between alternative platforms, 73.6% of users of Tencent's QQ Music have switched to Kugou Music and Kuwo Music, both subsidiaries of China Music Group. This indicates that if QQ Music raises prices or lowers service levels, 73.6% of users may switch to China Music Group's platforms, making them close competitors. We will focus on reducing major competitors in relevant markets and further weaken market competition.</p><p><ol><li><b>Concentration may further increase the barriers to entry in related markets.</b></li></ol><b>First, it may increase the barriers to entry for copyright resources.</b>With entities securing a significant amount of exclusive copyright resources after concentration, new entrants must rely on their sub-licensing, making it more difficult to enter the relevant market. The market size brought about by concentration also enables it to pay copyright fees to upstream copyright holders by paying large, non-refundable prepayments in advance, which may further increase market entry barriers.</p><p><b>Secondly, it may increase user conversion costs.</b>This brings Tencent a relatively rich music library, a large user base, and ample usage data. Compared to newcomers to the platform, it can recommend songs that meet consumer preferences, reducing users' willingness to switch platforms, thereby further expanding the user base and potentially preventing other competitors from reaching or maintaining a critical scale.</p><p><b>Third, the market entry activity was not high after the concentration.</b>Data shows that the main entry into the online music playback platform market occurred from early 2016 to July 2017. After the concentrated entry was completed at the end of 2017, the market activity declined significantly.</p><p>In summary, Tencent's high market share in the online music playback platform market in China through this concentration may enable it to persuade upstream copyright holders to grant it exclusive copyright licenses or provide it with better terms than its competitors. It may also enable Tencent to raise market entry barriers by paying high prepayments, which may or may not have the effect of excluding or restricting competition in the relevant market.</p><p>The survey also found that the Chinese online music playback platform market is developing rapidly, and the market share of Tencent's main competitors (omitted) is also growing rapidly, from less than 6% at the time of concentration to nearly 18%, an increase of about 200%, indicating that competitors are increasingly constraining its competition. In addition, online music playback platforms have shown a certain dynamic competition and cross-industry integration trend with other platforms in recent years. Some short video platforms with a broad user base may become competitors in related markets in the future if they acquire a sufficient number of music copyright resources.</p><p>The above facts are supported by evidence such as statistical data and industry analysis reports from third-party organizations, questionnaire survey reports, economic analysis reports, licensing agreements and sub-licensing agreements provided by Tencent and related parties, and responses from industry regulatory authorities and other relevant parties.</p><p>III. Basis and Decision for Administrative Penalties</p><p>Article 48 of the Anti-Monopoly Law stipulates that \"if an undertaking violates the provisions of this Law by implementing a concentration, the anti-monopoly law enforcement agency under the State Council shall order it to cease the concentration, dispose of its shares or assets within a specified period, transfer its business within a specified period, and take other necessary measures to restore it to the state before the concentration, and may impose a fine of up to 500,000 yuan.\" Article 49 of the Anti-Monopoly Law stipulates that \"when determining the specific amount of the fines stipulated in Articles 46, 47 and 48 of this Law, the anti-monopoly enforcement agency shall take into account factors such as the nature, degree and duration of the illegal act.\"</p><p>In accordance with the aforementioned regulations, and based on the aforementioned investigation findings and assessment conclusions, this agency has made the following decision regarding Tencent:</p><p><b>(i) Tencent and its affiliated companies are ordered to take the following measures to restore the relevant market competition:</b></p><p>1. No exclusive copyright agreement (the copyright scope includes the information network dissemination rights of all musical works and recordings) or other exclusive agreement may be reached or indirectly reached with upstream copyright holders. If such agreement has been reached, it must be terminated within thirty days from the date of this decision, except for exclusive collaborations with independent musicians (referring to the original rights holders of musical works or recordings who have authorized the copyright with music platforms in their own name and have never signed an agreement with any record company or brokerage company) or the premiere of new songs. Exclusive collaborations with independent musicians shall not exceed three years, and exclusive collaborations with new song premieres shall not exceed thirty days.</p><p>2. Without justifiable reason, it is prohibited to demand or indirectly demand that the upstream copyright holder grant the party conditions superior to other competitors, including but not limited to the scope of authorization, the amount of authorization, the term of authorization, etc., or any agreement or agreement terms related thereto. Any agreement already reached must be terminated within thirty days from the date of issuance of this decision.</p><p>3. Quote prices to upstream copyright holders based on factors such as actual copyright usage, user payment, song unit price, application scenarios, and contract term. Do not increase competitors' costs in disguise or exclude or restrict competition through high prepayments or other means.</p><p><b>(ii) A fine of 500,000 yuan shall be imposed.</b></p><p><b>(iii) Apply for a concentration of business operators in accordance with the law.</b></p><p>1. If a concentration of business operators meets the application standards stipulated by the State Council, it shall apply to the State Administration for Market Regulation in advance. Those who fail to apply shall not be allowed to concentrate.</p><p>2. If a concentration of undertakings does not meet the application standards, but the concentration of undertakings has or may have the effect of excluding or restricting competition, it shall be reported to the State Administration for Market Regulation in advance. Those who fail to report shall not be allowed to carry out the concentration.</p><p>3. If the transaction does not constitute a concentration of undertakings, except for matters related to the protection of minority shareholders' rights and interests as stipulated by law, the undertaking shall not participate in the relevant enterprise's business decision-making and shall report the basic information of the transaction to the State Administration for Market Regulation in its annual report.</p><p><b>(iv) Operate in accordance with laws and regulations and establish and improve a long-term mechanism for fair participation in market competition.</b></p><p>1. Comprehensively regulate its own competitive behavior, conduct a comprehensive and in-depth self-examination in accordance with the Anti-Monopoly Law, and examine and regulate its own business practices.</p><p>2. Strictly implement the primary responsibility of platform enterprises, continuously improve the platform's internal governance rules, and cooperate with other operators in accordance with the principles of fairness, reasonableness, and non-discrimination.</p><p>3. Improve the company's internal compliance control system, establish and effectively implement anti-monopoly compliance systems, and consciously safeguard fair competition.</p><p>4. Protect the legitimate rights and interests of consumers. We will fully protect consumers' rights, set reasonable prices, and safeguard consumer privacy.</p><p>5. Actively uphold fair competition and promote innovative development in the industry.</p><p>The above measures shall be implemented from the date of issuance of the Administrative Penalty Decision. Tencent and its affiliated companies shall formulate rectification plans in accordance with the above measures within ten days and submit them to the State Administration for Market Regulation for review. The State Administration for Market Regulation has the right to inspect Tencent and its affiliated companies' performance of the above obligations within three years through supervision of the trustee or its own supervision. Tencent shall report its performance of obligations to the State Administration for Market Regulation annually for three years, and shall no longer report after the expiration of three years.</p><p>Article 67 of the Administrative Penalty Law stipulates that \"the administrative organ making the fine decision shall be separated from the agency collecting the fine. Except for fines collected on the spot in accordance with Articles 68 and 69 of this Law, the administrative organ making the administrative penalty decision and its law enforcement personnel shall not collect the fine on their own. The party concerned shall pay the fine at a designated bank or through an electronic payment system within fifteen days from the date of receiving the administrative penalty decision.\" Banks should accept fines and remit them directly to the national treasury.</p><p>The party concerned shall, within fifteen days from the date of receiving this administrative penalty decision, pay the fine at any of the 12 central government non-tax revenue collection agency banks (ICBC, ABC, CCB, COCOM, CITIC, Everbright, China Merchants, Postal Savings Bank, Huaxia, Ping An, and Industrial Bank) branches or online banks in accordance with this administrative penalty decision, using the payment code. Payment code: ***.</p><p>If a party is dissatisfied with the aforementioned administrative penalty decision, they may apply for administrative reconsideration to the State Administration for Market Regulation within sixty days from the date of receiving this administrative penalty decision. Alternatively, within six months from the date of receiving this administrative penalty decision, an administrative lawsuit may be filed with the Beijing Intellectual Property Court in accordance with the law. This administrative penalty decision shall not be suspended during the period of administrative reconsideration or administrative litigation.</p><p>State Administration for Market</p><p>July 24, 2021<img src=\"https://static.tigerbbs.com/670343de69414ca1b966fc90740b6559\" tg-width=\"1020\" tg-height=\"642\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e7799eeb7043b8caaf3d109c3b13109e","relate_stocks":{"00700":"腾讯控股","QNETCN":"纳斯达克中美互联网老虎指数","TCEHY":"腾讯控股ADR"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170350340","content_text":"腾讯回应被责令解除网络音乐独家版权：公司将认真遵守决定，严格落实监管要求，依法合规经营，切实履行社会责任，维护市场的良性竞争。腾讯将压实责任，与腾讯音乐等关联公司在规定时限内制定整改措施方案，按照处罚决定要求全面不折不扣地完成，确保整改到位。\n\n 市场监管总局依法作出行政处罚决定，责令腾讯及关联公司采取三十日内解除独家音乐版权、停止高额预付金等版权费用支付方式、无正当理由不得要求上游版权方给予其优于竞争对手的条件等恢复市场竞争状态的措施。\n\n2021年1月，市场监管总局根据举报，对腾讯控股有限公司（以下简称腾讯）2016年7月收购中国音乐集团股权涉嫌违法实施经营者集中行为立案调查。\n市场监管总局依据《反垄断法》，查清本交易违法实施集中的事实，充分评估参与集中的经营者在相关市场的份额、控制力、集中度以及集中对市场进入和消费者影响等因素。同时，广泛征求有关政府部门、行业协会、专家学者、同业竞争者意见，并多次听取腾讯陈述意见。\n调查表明，本案相关市场为中国境内网络音乐播放平台市场。正版音乐版权是网络音乐播放平台运营的核心资产和关键性资源。2016年腾讯和中国音乐集团在相关市场份额分别为30%和40%左右，腾讯通过与市场主要竞争对手合并，获得较高的市场份额，集中后实体占有的独家曲库资源超过80%，可能有能力促使上游版权方与其达成更多独家版权协议，或要求给予其优于竞争对手的交易条件，也可能有能力通过支付高额预付金等版权付费模式提高市场进入壁垒，对相关市场具有或者可能具有排除、限制竞争效果。\n根据《反垄断法》第四十八条、《经营者集中审查暂行规定》第五十七条规定，按照发展和规范并重的原则，市场监管总局依法作出行政处罚决定，责令腾讯及关联公司采取三十日内解除独家音乐版权、停止高额预付金等版权费用支付方式、无正当理由不得要求上游版权方给予其优于竞争对手的条件等恢复市场竞争状态的措施。腾讯三年内每年向市场监管总局报告履行义务情况，市场监管总局将依法严格监督其执行情况。\n本案为我国《反垄断法》实施以来对违法实施经营者集中采取必要措施恢复市场竞争状态的第一起案件。责令腾讯解除独家版权等措施将重塑相关市场竞争秩序，降低市场进入壁垒，使竞争者均有公平触达上游版权资源的机会，有利于将竞争的焦点从利用资本优势抢夺版权资源回归到创新服务水平、提高用户体验的理性轨道上来；有利于推动与国际接轨的合理方式计算版权费用，减轻下游运营成本；有利于培育新的市场进入者，并为现存企业创造更公平的竞争环境，保障消费者选择权，最终惠及广大消费者，促进网络音乐产业规范创新健康发展。\n以下为处罚书全文:\n国家市场监督管理总局\n行政处罚决定书\n国市监处〔2021〕67号\n当事人：腾讯控股有限公司\n住 所：开曼群岛哈金斯大道克里奇广场\n根据《中华人民共和国反垄断法》（以下简称《反垄断法》）、《经营者集中审查暂行规定》，本机关于2021年1月25日对腾讯控股有限公司（以下简称腾讯）收购中国音乐集团股权涉嫌违法实施经营者集中进行立案调查。\n经查，该案构成违法实施的经营者集中，具有或者可能具有排除、限制竞争的效果。本机关按照《中华人民共和国行政处罚法》（以下简称《行政处罚法》）规定，向腾讯送达《行政处罚告知书》，告知其拟作出的行政处罚内容及事实、理由、依据，并告知其依法享有的陈述、申辩和要求听证等权利。腾讯在规定期限内没有提出陈述、申辩或要求听证。本案现已调查、审理终结。\n\n基本情况\n\n（一）交易方。\n收购方：腾讯。1999年11月于英属维尔京群岛注册成立，2004年2月迁册至英属开曼群岛，2004年6月在香港联交所上市，通过协议控制境内主要运营实体深圳市腾讯计算机系统有限公司。主要业务包括社交和通信服务、社交网络平台、网络音乐平台、游戏、网络视频服务、互动娱乐直播等。2015年全球营业额为1028.63亿元人民币（币种下同），中国境内营业额为962.51亿元。\n被收购方：中国音乐集团。2012年于开曼群岛注册成立，通过协议控制境内主要运营实体海洋互动（北京）信息技术有限公司。主要业务包括网络音乐平台、唱片公司出版业务、版权代理业务等。自然人（略）作为一致行动人拥有共同控制权。2015年全球及中国境内营业额均为（略）。\n（二）交易概况。\n2016年7月12日，腾讯以估值（略）的业务（主要是QQ音乐业务）投入中国音乐集团，获得中国音乐集团61.64%股权，取得对中国音乐集团的单独控制权。2016年12月，整合后的中国音乐集团更名为腾讯音乐娱乐集团。2017年12月6日，交易完成股权变更登记手续。\n二、违法事实及理由\n（一）本案构成违法实施的经营者集中。\n《反垄断法》第二十条规定“经营者集中是指下列情形：（一）经营者合并；（二）经营者通过取得股权或者资产的方式取得对其他经营者的控制权；（三）经营者通过合同等方式取得对其他经营者的控制权或者能够对其他经营者施加决定性影响”。本项集中前，中国音乐集团由自然人（略）共同控制。本项集中后，腾讯获得中国音乐集团61.64%股权，取得对中国音乐集团单独控制权，属于《反垄断法》第二十条规定的经营者集中。\n腾讯2015年全球营业额为1028.63亿元，中国境内营业额为962.51亿元，中国音乐集团2015年全球及中国境内营业额均为（略），达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准，属于应当申报的情形。\n《反垄断法》第二十一条规定“经营者集中达到国务院规定的申报标准的，经营者应当事先向国务院反垄断执法机构申报，未申报的不得实施集中”。2017年12月6日，腾讯完成股权变更登记，在此之前未向本机关申报，违反《反垄断法》第二十一条规定，构成违法实施的经营者集中。\n以上事实，有腾讯营业执照复印件、组织架构图、股权关系图、《经营者集中反垄断审查申报表》、腾讯年报、《腾讯相关问题的书面说明》、《股份认购协议》等证据证明。\n（二）本案具有或者可能具有排除、限制竞争的效果。\n根据《反垄断法》和《国务院反垄断委员会关于相关市场界定的指南》规定，同时考虑平台经济特点，在经济学分析和问卷调查基础上，本案相关市场界定为交易双方存在横向重叠的中国境内网络音乐播放平台市场。网络音乐播放平台市场是指通过电脑端、手机端或者其他智能终端的程序或网站，以在线播放或下载方式向消费者提供完整版权音乐录音制品播放服务的平台。网络K歌、网络直播、短视频平台等虽也提供与网络音乐相关的服务，但其核心功能、应用场景、商业模式、市场进入等与网络音乐播放平台市场不具有紧密替代关系，不属于同一相关商品市场。由于音乐版权的授权受各国著作权法规定限制，具有明显的地域差异，中国的网络音乐播放平台获得授权的音乐版权传播范围一般为中国境内，且主要面向中国境内用户，因此相关地域市场界定为中国境内。\n经深入研究，本项集中对中国境内网络音乐播放平台市场具有或者可能具有排除、限制竞争效果：\n\n集中后实体在相关市场具有较高市场份额。\n\n2016年7月集中发生时，腾讯和中国音乐集团的月活跃用户数分别为1.6亿人、2.3亿人，市场份额分别为33.96%、49.07%；用户月使用时长分别为8.05亿小时、6.98亿小时，市场份额分别为45.77%、39.65%，集中双方均列市场前两位，合计市场份额超过80%。2016年集中双方在相关市场的销售金额合计（略），约占相关市场总收入规模的70%。以音乐版权核心资源占有率计算，腾讯和中国音乐集团的曲库数量分别为1210万、821万，其中独家曲库为314万、130万，曲库和独家资源的市场占有率均超过80%。\n从该市场赫芬达尔－赫希曼指数（HHI指数）分析，交易后为6950，为高度集中市场，集中产生的增量为3350。交易导致相关市场集中度进一步提高，竞争被进一步削弱。\n\n集中减少相关市场主要竞争对手。\n\n调查显示，交易前集中双方居市场前两位，竞争实力相当，彼此竞争较为紧密。根据消费者在替代性平台之间的流向选择显示，腾讯旗下QQ音乐73.6%的用户流向了中国音乐集团旗下的酷狗音乐和酷我音乐，表明如果QQ音乐提高价格或降低服务水平，可能有73.6%的用户流向中国音乐集团旗下平台，双方互为较为紧密竞争者。集中减少相关市场主要竞争对手，进一步削弱市场竞争。\n\n集中可能进一步提高相关市场进入壁垒。\n\n一是可能提高版权资源壁垒。在集中后实体锁定较多独家版权资源的情况下，新进入者须依靠其转授权，进入相关市场较为困难。由集中带来的市场规模也使其有能力通过提前支付不可返还的高额预付金等方式向上游版权方支付版权费用，可能进一步提高市场进入壁垒。\n二是可能增加用户转换成本。集中为腾讯带来较为丰富的曲库资源、较大的用户规模及充足的使用数据，相比新进入平台更能推荐符合消费者偏好的歌曲，导致用户转换平台意愿降低，从而进一步扩大用户规模，可能阻止其他竞争者达到或维持临界规模。\n三是集中后市场进入活跃度不高。数据显示，网络音乐播放平台市场的主要进入发生在2016年初至2017年7月，2017年底集中完成后，该市场进入活跃度下降较明显。\n综上，腾讯通过本项集中在中国境内网络音乐播放平台市场具有较高市场份额，可能使其有能力促使上游版权方对其进行独家版权授权，或者向其提供优于竞争对手的条件，也可能使腾讯有能力通过支付高额预付金等方式提高市场进入壁垒，对相关市场具有或者可能具有排除、限制竞争的效果。\n调查同时发现，中国网络音乐播放平台市场发展较为迅速，腾讯主要竞争对手（略）的市场份额也呈现较快速度增长，由集中发生时的不足6%增长至近18%，增长200%左右，说明竞争对手对其竞争约束有增强的趋势。此外，网络音乐播放平台与其他平台之间近年来呈现出一定的动态竞争和跨界融合趋势，一些拥有广泛用户基础的短视频平台，如果再获得足够数量的音乐版权资源，在未来有可能成为相关市场的竞争者。\n以上事实，有第三方机构统计数据和行业分析报告、《问卷调查报告》、《经济学分析报告》、腾讯和相关方提供的《授权协议》和《转授权协议》、行业主管部门等相关方的回复意见等证据证明。\n三、行政处罚依据和决定\n《反垄断法》第四十八条规定“经营者违反本法规定实施集中的，由国务院反垄断执法机构责令停止实施集中、限期处分股份或者资产、限期转让营业以及采取其他必要措施恢复到集中前的状态，可以处五十万元以下的罚款”。《反垄断法》第四十九条规定“对本法第四十六条、第四十七条、第四十八条规定的罚款，反垄断执法机构确定具体罚款数额时，应当考虑违法行为的性质、程度和持续的时间等因素”。\n根据上述规定，基于上述调查情况和评估结论，本机关对腾讯作出如下处理决定：\n（一）责令腾讯及其关联公司采取以下措施恢复相关市场竞争状态：\n1. 不得与上游版权方达成或变相达成独家版权协议（版权范围包括所有音乐作品及录音制品的信息网络传播权）或其他排他性协议，已经达成的，须在本决定发布之日起三十日内解除，与独立音乐人（是指音乐作品或录音制品的原始权利人，并以个人名义与音乐平台进行版权授权，且从未与任何唱片公司或经纪公司签订协议的自然人）或新歌首发的独家合作除外。与独立音乐人的独家合作期限不得超过三年，与新歌首发的独家合作期限不得超过三十日。\n2. 没有正当理由，不得要求或变相要求上游版权方给予当事人优于其他竞争对手的条件，包括但不限于授权范围、授权金额、授权期限等，或与之相关的任何协议或协议条款。已经达成的，须在本决定发布之日起三十日内解除。\n3. 依据版权实际使用情况、用户付费情况、歌曲单价、应用场景、签约期限等因素向上游版权方报价，不得通过高额预付金等方式变相提高竞争对手成本，排除、限制竞争。\n（二）处以50万元罚款。\n（三）依法申报经营者集中。\n1.经营者集中达到国务院规定的申报标准的，应当事先向市场监管总局申报，未申报的不得实施集中。\n2.经营者集中未达到申报标准，但该经营者集中具有或者可能具有排除、限制竞争效果的，应当事先向市场监管总局申报，未申报的不得实施集中。\n3.交易未构成经营者集中的，除法律规定的保护小股东权益事项外，不得参与相关企业经营决策，并在每年的年度报告中向市场监管总局报告交易基本情况等内容。\n（四）依法合规经营，建立健全公平参与市场竞争的长效机制。\n1.全面规范自身竞争行为，对照《反垄断法》开展全面深入自查，检视并规范自身经营行为。\n2.严格落实平台企业主体责任，不断完善平台内部治理规则，按照公平、合理、无歧视原则与其他经营者开展合作。\n3.完善企业内部合规控制制度，建立并有效执行反垄断合规制度，自觉维护公平竞争。\n4.保护消费者合法权益。充分保障消费者各项权利，合理制定收费价格，保护消费者隐私。\n5.积极维护公平竞争，推动行业创新发展。\n以上措施期限自《行政处罚决定书》下发之日起算，腾讯及其关联公司须在十日内对照上述措施制定整改方案，并报市场监管总局审核。市场监管总局三年内有权通过监督受托人或自行监督检查腾讯及其关联公司履行上述义务的情况，腾讯三年内每年向市场监管总局报告履行义务情况，三年到期后不再报告。\n《行政处罚法》第六十七条规定“作出罚款决定的行政机关应当与收缴罚款的机构分离。除依照本法第六十八条、第六十九条的规定当场收缴的罚款外，作出行政处罚决定的行政机关及其执法人员不得自行收缴罚款。当事人应当自收到行政处罚决定书之日起十五日内，到指定的银行或者通过电子支付系统缴纳罚款。银行应当收受罚款，并将罚款直接上缴国库”。\n当事人应当自收到本行政处罚决定书之日起十五日内，根据本行政处罚决定书，携缴款码到12家中央财政非税收入收缴代理银行（工、农、中、建、交、中信、光大、招商、邮储、华夏、平安、兴业）任一银行网点或者网上银行交纳罚款。缴款码：***。\n当事人如对上述行政处罚决定不服，可以自收到本行政处罚决定书之日起六十日内，向国家市场监督管理总局申请行政复议；或者自收到本行政处罚决定书之日起六个月内，依法向北京知识产权法院提起行政诉讼。行政复议或者行政诉讼期间，本行政处罚决定不停止执行。\n市场监管总局\n2021年7月24日","news_type":1,"symbols_score_info":{"00700":0.9,"QNETCN":0.9,"TCEHY":0.9}},"isVote":1,"tweetType":1,"viewCount":3815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172819676,"gmtCreate":1626950512695,"gmtModify":1703481172583,"author":{"id":"3582937976166267","authorId":"3582937976166267","name":"x无牙仔x","avatar":"https://static.tigerbbs.com/383820dbf1a6648019f4c09bca24fd81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582937976166267","authorIdStr":"3582937976166267"},"themes":[],"title":"","htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/172819676","repostId":"1128346677","repostType":4,"repost":{"id":"1128346677","kind":"news","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":1626950305,"share":"https://ttm.financial/m/news/1128346677?lang=en_US&edition=fundamental","pubTime":"2021-07-22 18:38","market":"us","language":"zh","title":"Southwest Airlines reported second-quarter revenue of $4.01 billion, with EPS turning a profit year-over-year.","url":"https://stock-news.laohu8.com/highlight/detail?id=1128346677","media":"老虎资讯综合","summary":"西南航空2021年Q2 营收（亿美元）：40.1，预期：38.79，前值：10.08。\nQ2每股收益0.57美元，市场预期亏损0.07美元，去年同期亏损1.63美元。\nQ2乘客搭乘收入为35.7亿美元","content":"<p><a href=\"https://laohu8.com/S/LUV\">Southwest airlines</a>Q2 2021 Revenue (US$100 million):<b>40.1，</b>Expected: 38.79, previous value: 10.08.</p><p>Q2 earnings per share were $0.57, compared to market expectations of a loss of $0.07 and a loss of $1.63 in the same period last year.</p><p>Q2 passenger ride revenue was $3.57 billion, compared to the expected $3.56 billion.</p><p>Total operating expenses increased by 59.9% to $3.4 billion in Q2. The load factor in Q2 was 82.9%, compared to 31.4% in the same period last year.</p><p>As of press time, Southwest Airlines was up 0.28% in pre-market trading.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southwest Airlines reported second-quarter revenue of $4.01 billion, with EPS turning a profit year-over-year.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSouthwest Airlines reported second-quarter revenue of $4.01 billion, with EPS turning a profit year-over-year.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2021-07-22 18:38</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/LUV\">Southwest airlines</a>Q2 2021 Revenue (US$100 million):<b>40.1，</b>Expected: 38.79, previous value: 10.08.</p><p>Q2 earnings per share were $0.57, compared to market expectations of a loss of $0.07 and a loss of $1.63 in the same period last year.</p><p>Q2 passenger ride revenue was $3.57 billion, compared to the expected $3.56 billion.</p><p>Total operating expenses increased by 59.9% to $3.4 billion in Q2. The load factor in Q2 was 82.9%, compared to 31.4% in the same period last year.</p><p>As of press time, Southwest Airlines was up 0.28% in pre-market trading.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0543353f6a7c7d15818638f8d617e549","relate_stocks":{"LUV":"西南航空"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128346677","content_text":"西南航空2021年Q2 营收（亿美元）：40.1，预期：38.79，前值：10.08。\nQ2每股收益0.57美元，市场预期亏损0.07美元，去年同期亏损1.63美元。\nQ2乘客搭乘收入为35.7亿美元，预期35.6亿美元。\nQ2总运营费用增长59.9%，至34亿美元。Q2载客率为82.9%，去年同期为31.4%。\n截至发稿，西南航空盘前涨0.28%。","news_type":1,"symbols_score_info":{"LUV":0.9}},"isVote":1,"tweetType":1,"viewCount":5067,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176322992,"gmtCreate":1626864929216,"gmtModify":1703479503582,"author":{"id":"3582937976166267","authorId":"3582937976166267","name":"x无牙仔x","avatar":"https://static.tigerbbs.com/383820dbf1a6648019f4c09bca24fd81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582937976166267","authorIdStr":"3582937976166267"},"themes":[],"title":"","htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176322992","repostId":"1107424947","repostType":4,"isVote":1,"tweetType":1,"viewCount":3540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178921110,"gmtCreate":1626783546830,"gmtModify":1703765076652,"author":{"id":"3582937976166267","authorId":"3582937976166267","name":"x无牙仔x","avatar":"https://static.tigerbbs.com/383820dbf1a6648019f4c09bca24fd81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582937976166267","authorIdStr":"3582937976166267"},"themes":[],"title":"","htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/178921110","repostId":"1168215370","repostType":4,"isVote":1,"tweetType":1,"viewCount":5424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178967466,"gmtCreate":1626783301755,"gmtModify":1703765071561,"author":{"id":"3582937976166267","authorId":"3582937976166267","name":"x无牙仔x","avatar":"https://static.tigerbbs.com/383820dbf1a6648019f4c09bca24fd81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582937976166267","authorIdStr":"3582937976166267"},"themes":[],"title":"","htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178967466","repostId":"2152669205","repostType":4,"repost":{"id":"2152669205","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1626782823,"share":"https://ttm.financial/m/news/2152669205?lang=en_US&edition=fundamental","pubTime":"2021-07-20 20:07","market":"us","language":"zh","title":"Federal Reserve Watch: Biden may reappoint Powell, inflation concerns rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2152669205","media":"英为财情Investing","summary":"美联储对高通胀是暂时性的解读越来越令人难以信服。美联储主席鲍威尔上周在国会作证时承认，通胀水平高于美联储的预期，如果通胀开始失控，他们将毫不犹豫地“调整”货币政策。\n但他重申，由于经济的重新开放，供应","content":"<p><img src=\"https://static.tigerbbs.com/f3c57cc6e9c1b83f50cc789f518b9ca9\" tg-width=\"550\" tg-height=\"358\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The Federal Reserve's interpretation of high inflation as temporary is becoming increasingly unconvincing. Federal Reserve Chairman Jerome Powell admitted in his testimony to Congress last week that inflation levels were higher than the Fed expected, and that they would not hesitate to \"adjust\" monetary policy if inflation began to spiral out of control.</p><p>However, he reiterated that the price increases caused by supply and labor shortages due to the reopening of the economy are temporary.</p><p>The U.S. Consumer Price Index for June, released last week, showed that the CPI rose 5.4% year-on-year, the highest level since 2008 and higher than the market expectation of 5%. The month-on-month increase was 0.9%, higher than the previously forecast of 0.5%. Following the data release, lawmakers from both parties questioned Powell about inflation.</p><p>Inflation may not be temporary.</p><p>As Powell's policies gain more attention, questions about the appointment of the Federal Reserve chairman are beginning to emerge. Powell's term expires in early February next year, and the White House typically appoints a new chairman several months in advance for Senate confirmation.</p><p>While the vast majority of economists believe that President Biden will follow tradition and continue to appoint Powell as chairman, Robert Kuttner, editor of American Prospects, predicted last week that Biden will appoint a new candidate. Kuttner was the first to report that Yellen would serve as Treasury Secretary.</p><p>Ohio Senator Brown, a Democrat and chairman of the Banking Committee, harshly criticized Powell at last week's hearing, arguing that lax regulation has made banks more unbridled. Senator Elizabeth Warren, an influential former presidential candidate, made the same criticism.</p><p>Last week, former Federal Reserve Chair Janet Yellen dodged a television reporter's question about reappointing Powell, but she believed the Fed had done a good job.</p><p>After the crisis ended and the economy rebounded strongly, Powell continued to buy assets with all his might, with interest rates near zero, which is exactly what Yellen wanted Powell to do.</p><p>However, the independence of the Federal Reserve is beginning to be questioned because Powell dutifully followed the policies of his predecessor, and the members of the Federal Open Market Committee also stuck to convention.</p><p>Typically, the producer price index is a leading indicator of the consumer price index. The U.S. PPI rose 1.0% month-on-month and 7.3% year-on-year in June. Most banks expect price pressures to continue for some time.</p><p>This evidence suggests that Powell's insistence that inflation is temporary is becoming increasingly untenable. Inflation should have weakened as the base effect of low prices a year ago faded, but months of supply shortages only temporarily avoided the issue.</p><p>The president of the Richmond Federal Reserve told the Wall Street Journal that it is too early for the Fed to consider reducing its current monthly bond purchases of $120 billion. Because the employment-to-population ratio was 61.1% before the pandemic hit in February 2020, but it was still only 58% in June, this figure needs to stabilize to above 59% for policymakers to discuss tapering bond purchases.</p><p>James Bullard, president of the St. Louis Federal Reserve, hinted that the time is near to begin scaling back bond purchases. \"I don't need to start tomorrow, but I think we're ready,\" he said in an interview.</p><p>Central bank policymakers in other countries are less hesitant. The Bank of Canada announced that it would expand its weekly bond purchase cut of CAD 1 billion in April to CAD 3 billion (US$2.4 billion), and said it would further cut its weekly bond purchases by CAD 1 billion (US$784 million).</p><p>Michael Saunders, an external member of the Bank of England's Monetary Policy Committee, said last week that the Bank of England should take action to curb inflation and hinted that he would vote in favor of reducing bond purchases at a meeting as early as early next month.</p><p>This signals that policymakers are shifting to a hawkish stance, while David Ramsden, deputy governor and member of the MPC, also expressed concern about inflation after the UK's CPI rose 2.5% year-on-year in June.</p><p>Two policymakers said they disagreed with central bank governor Andrew Bailey. Bailey insists that the central bank is right to keep policy unchanged.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Federal Reserve Watch: Biden may reappoint Powell, inflation concerns rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFederal Reserve Watch: Biden may reappoint Powell, inflation concerns rise\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time smaller\">2021-07-20 20:07</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/f3c57cc6e9c1b83f50cc789f518b9ca9\" tg-width=\"550\" tg-height=\"358\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The Federal Reserve's interpretation of high inflation as temporary is becoming increasingly unconvincing. Federal Reserve Chairman Jerome Powell admitted in his testimony to Congress last week that inflation levels were higher than the Fed expected, and that they would not hesitate to \"adjust\" monetary policy if inflation began to spiral out of control.</p><p>However, he reiterated that the price increases caused by supply and labor shortages due to the reopening of the economy are temporary.</p><p>The U.S. Consumer Price Index for June, released last week, showed that the CPI rose 5.4% year-on-year, the highest level since 2008 and higher than the market expectation of 5%. The month-on-month increase was 0.9%, higher than the previously forecast of 0.5%. Following the data release, lawmakers from both parties questioned Powell about inflation.</p><p>Inflation may not be temporary.</p><p>As Powell's policies gain more attention, questions about the appointment of the Federal Reserve chairman are beginning to emerge. Powell's term expires in early February next year, and the White House typically appoints a new chairman several months in advance for Senate confirmation.</p><p>While the vast majority of economists believe that President Biden will follow tradition and continue to appoint Powell as chairman, Robert Kuttner, editor of American Prospects, predicted last week that Biden will appoint a new candidate. Kuttner was the first to report that Yellen would serve as Treasury Secretary.</p><p>Ohio Senator Brown, a Democrat and chairman of the Banking Committee, harshly criticized Powell at last week's hearing, arguing that lax regulation has made banks more unbridled. Senator Elizabeth Warren, an influential former presidential candidate, made the same criticism.</p><p>Last week, former Federal Reserve Chair Janet Yellen dodged a television reporter's question about reappointing Powell, but she believed the Fed had done a good job.</p><p>After the crisis ended and the economy rebounded strongly, Powell continued to buy assets with all his might, with interest rates near zero, which is exactly what Yellen wanted Powell to do.</p><p>However, the independence of the Federal Reserve is beginning to be questioned because Powell dutifully followed the policies of his predecessor, and the members of the Federal Open Market Committee also stuck to convention.</p><p>Typically, the producer price index is a leading indicator of the consumer price index. The U.S. PPI rose 1.0% month-on-month and 7.3% year-on-year in June. Most banks expect price pressures to continue for some time.</p><p>This evidence suggests that Powell's insistence that inflation is temporary is becoming increasingly untenable. Inflation should have weakened as the base effect of low prices a year ago faded, but months of supply shortages only temporarily avoided the issue.</p><p>The president of the Richmond Federal Reserve told the Wall Street Journal that it is too early for the Fed to consider reducing its current monthly bond purchases of $120 billion. Because the employment-to-population ratio was 61.1% before the pandemic hit in February 2020, but it was still only 58% in June, this figure needs to stabilize to above 59% for policymakers to discuss tapering bond purchases.</p><p>James Bullard, president of the St. Louis Federal Reserve, hinted that the time is near to begin scaling back bond purchases. \"I don't need to start tomorrow, but I think we're ready,\" he said in an interview.</p><p>Central bank policymakers in other countries are less hesitant. The Bank of Canada announced that it would expand its weekly bond purchase cut of CAD 1 billion in April to CAD 3 billion (US$2.4 billion), and said it would further cut its weekly bond purchases by CAD 1 billion (US$784 million).</p><p>Michael Saunders, an external member of the Bank of England's Monetary Policy Committee, said last week that the Bank of England should take action to curb inflation and hinted that he would vote in favor of reducing bond purchases at a meeting as early as early next month.</p><p>This signals that policymakers are shifting to a hawkish stance, while David Ramsden, deputy governor and member of the MPC, also expressed concern about inflation after the UK's CPI rose 2.5% year-on-year in June.</p><p>Two policymakers said they disagreed with central bank governor Andrew Bailey. Bailey insists that the central bank is right to keep policy unchanged.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f3c57cc6e9c1b83f50cc789f518b9ca9","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","OEX":"标普100","SPY":"标普500ETF","QQQ":"纳指100ETF","DJX":"1/100道琼斯","SDOW":"三倍做空道指30ETF-ProShares","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares",".DJI":"道琼斯","SH":"做空标普500-Proshares",".IXIC":"NASDAQ Composite","QLD":"2倍做多纳斯达克100指数ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares",".SPX":"S&P 500 Index","TQQQ":"纳指三倍做多ETF","QID":"两倍做空纳斯达克指数ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","SQQQ":"纳指三倍做空ETF","DDM":"2倍做多道指ETF-ProShares","DOG":"道指ETF-ProShares做空","UPRO":"三倍做多标普500ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152669205","content_text":"美联储对高通胀是暂时性的解读越来越令人难以信服。美联储主席鲍威尔上周在国会作证时承认，通胀水平高于美联储的预期，如果通胀开始失控，他们将毫不犹豫地“调整”货币政策。\n但他重申，由于经济的重新开放，供应和劳动力短缺导致的物价上涨是暂时的。\n上周公布的美国6月份消费者价格指数显示，CPI较上年同期上涨5.4%，为2008年以来的最高水平，也高于5%的市场预期；环比则增长0.9%，高于此前预测的0.5%。数据公布后，两党议员纷纷就通胀问题向鲍威尔提问。\n通胀或许不是暂时的\n随着鲍威尔的政策获得更多关注，有关美联储主席任命的问题也开始浮现。鲍威尔的任期将于明年2月初到期，白宫通常会提前几个月任命新主席，以便参议院确认。\n虽然绝大多数经济学家认为，拜登总统将遵循传统，继续任命鲍威尔为主席，但《美国前景》的编辑Robert Kuttner上周预测，拜登将任命新的人选。Kuttner是第一个报道耶伦将担任财政部长的人。\n俄亥俄州参议员、银行委员会主席、民主党人布朗在上周的听证会上严厉批评了鲍威尔，他认为宽松的监管使得银行变得更加肆无忌惮。颇具影响力的前总统候选人、参议员伊丽莎白·沃伦也提出了同样的批评。\n上周，上一届美联储主席耶伦回避了一位电视记者关于再次任命鲍威尔的提问，但她认为美联储已经做得很好。\n在危机结束、经济强劲反弹后，鲍威尔继续全力购买资产，利率接近于零，这也正是耶伦想要鲍威尔做的。\n但是，美联储的独立性开始受到怀疑，因为鲍威尔尽职地跟随前任主席的政策，而联邦公开市场委员会的成员们也都墨守成规。\n通常，生产者价格指数是消费者价格指数的先行指标。美国6月份PPI环比上涨1.0%，同比上涨7.3%。大多数银行预计价格压力还将持续一段时间。\n这些证据表明，鲍威尔坚称通胀是暂时的说法正变得越来越站不住脚。随着一年前价格低迷的基数效应消退，通胀本应该减弱，而持续数月的供应短缺只是暂时回避了这个问题。\n里士满联储主席对《华尔街日报》表示，美联储现在考虑减少目前每月1，200亿美元的债券购买规模还为时过早。因为在2020年2月大流行爆发前，就业与人口的比率为61.1%，但6月份仍只有58%，该数据需要稳定到59%以上政策制定者才能讨论缩减购债。\n圣路易斯联储主席詹姆斯•布拉德暗示，开始缩减债券购买规模的时机已经临近。他在一次采访中说：“我不需要明天就开始行动，但我认为我们已经做好了准备。”\n其他国家的央行决策者就没有那么犹豫不决了。加拿大央行宣布在4月份每周削减购债10亿加元的基础上扩大至30亿加元（合24亿美元），并在表示每周将进一步削减购债10亿加元（合7.84亿美元）。\n英国央行货币政策委员会外部成员Michael Saunders上周表示，英国央行应采取行动遏制通胀，并暗示他最早将在下月初的会议上投票支持减少债券购买。\n这标志着政策制定者正在转向鹰派，同时MPC的副行长兼成员David Ramsden也表示，在英国6月份CPI同比增长2.5%后，他对通货膨胀感到担忧。\n两位政策制定者表示，他们不同意央行行长Andrew Bailey的看法。Bailey坚持认为，央行保持政策不变是正确的。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"DDM":0.9,"PSQ":0.9,"SPY":0.9,"DOG":0.9,"ESmain":0.9,".IXIC":0.9,"SDS":0.9,"UDOW":0.9,"MNQmain":0.9,"UPRO":0.9,"NQmain":0.9,"SPXU":0.9,"SDOW":0.9,"SQQQ":0.9,"QQQ":0.9,"QLD":0.9,"QID":0.9,"SSO":0.9,"OEX":0.9,"DXD":0.9,"OEF":0.9,".DJI":0.9,".SPX":0.9,"SH":0.9,"TQQQ":0.9,"IVV":0.9,"DJX":0.9}},"isVote":1,"tweetType":1,"viewCount":4538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178964143,"gmtCreate":1626783099482,"gmtModify":1703765069460,"author":{"id":"3582937976166267","authorId":"3582937976166267","name":"x无牙仔x","avatar":"https://static.tigerbbs.com/383820dbf1a6648019f4c09bca24fd81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582937976166267","authorIdStr":"3582937976166267"},"themes":[],"title":"","htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178964143","repostId":"2152669205","repostType":4,"repost":{"id":"2152669205","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1626782823,"share":"https://ttm.financial/m/news/2152669205?lang=en_US&edition=fundamental","pubTime":"2021-07-20 20:07","market":"us","language":"zh","title":"Federal Reserve Watch: Biden may reappoint Powell, inflation concerns rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2152669205","media":"英为财情Investing","summary":"美联储对高通胀是暂时性的解读越来越令人难以信服。美联储主席鲍威尔上周在国会作证时承认，通胀水平高于美联储的预期，如果通胀开始失控，他们将毫不犹豫地“调整”货币政策。\n但他重申，由于经济的重新开放，供应","content":"<p><img src=\"https://static.tigerbbs.com/f3c57cc6e9c1b83f50cc789f518b9ca9\" tg-width=\"550\" tg-height=\"358\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The Federal Reserve's interpretation of high inflation as temporary is becoming increasingly unconvincing. Federal Reserve Chairman Jerome Powell admitted in his testimony to Congress last week that inflation levels were higher than the Fed expected, and that they would not hesitate to \"adjust\" monetary policy if inflation began to spiral out of control.</p><p>However, he reiterated that the price increases caused by supply and labor shortages due to the reopening of the economy are temporary.</p><p>The U.S. Consumer Price Index for June, released last week, showed that the CPI rose 5.4% year-on-year, the highest level since 2008 and higher than the market expectation of 5%. The month-on-month increase was 0.9%, higher than the previously forecast of 0.5%. Following the data release, lawmakers from both parties questioned Powell about inflation.</p><p>Inflation may not be temporary.</p><p>As Powell's policies gain more attention, questions about the appointment of the Federal Reserve chairman are beginning to emerge. Powell's term expires in early February next year, and the White House typically appoints a new chairman several months in advance for Senate confirmation.</p><p>While the vast majority of economists believe that President Biden will follow tradition and continue to appoint Powell as chairman, Robert Kuttner, editor of American Prospects, predicted last week that Biden will appoint a new candidate. Kuttner was the first to report that Yellen would serve as Treasury Secretary.</p><p>Ohio Senator Brown, a Democrat and chairman of the Banking Committee, harshly criticized Powell at last week's hearing, arguing that lax regulation has made banks more unbridled. Senator Elizabeth Warren, an influential former presidential candidate, made the same criticism.</p><p>Last week, former Federal Reserve Chair Janet Yellen dodged a television reporter's question about reappointing Powell, but she believed the Fed had done a good job.</p><p>After the crisis ended and the economy rebounded strongly, Powell continued to buy assets with all his might, with interest rates near zero, which is exactly what Yellen wanted Powell to do.</p><p>However, the independence of the Federal Reserve is beginning to be questioned because Powell dutifully followed the policies of his predecessor, and the members of the Federal Open Market Committee also stuck to convention.</p><p>Typically, the producer price index is a leading indicator of the consumer price index. The U.S. PPI rose 1.0% month-on-month and 7.3% year-on-year in June. Most banks expect price pressures to continue for some time.</p><p>This evidence suggests that Powell's insistence that inflation is temporary is becoming increasingly untenable. Inflation should have weakened as the base effect of low prices a year ago faded, but months of supply shortages only temporarily avoided the issue.</p><p>The president of the Richmond Federal Reserve told the Wall Street Journal that it is too early for the Fed to consider reducing its current monthly bond purchases of $120 billion. Because the employment-to-population ratio was 61.1% before the pandemic hit in February 2020, but it was still only 58% in June, this figure needs to stabilize to above 59% for policymakers to discuss tapering bond purchases.</p><p>James Bullard, president of the St. Louis Federal Reserve, hinted that the time is near to begin scaling back bond purchases. \"I don't need to start tomorrow, but I think we're ready,\" he said in an interview.</p><p>Central bank policymakers in other countries are less hesitant. The Bank of Canada announced that it would expand its weekly bond purchase cut of CAD 1 billion in April to CAD 3 billion (US$2.4 billion), and said it would further cut its weekly bond purchases by CAD 1 billion (US$784 million).</p><p>Michael Saunders, an external member of the Bank of England's Monetary Policy Committee, said last week that the Bank of England should take action to curb inflation and hinted that he would vote in favor of reducing bond purchases at a meeting as early as early next month.</p><p>This signals that policymakers are shifting to a hawkish stance, while David Ramsden, deputy governor and member of the MPC, also expressed concern about inflation after the UK's CPI rose 2.5% year-on-year in June.</p><p>Two policymakers said they disagreed with central bank governor Andrew Bailey. Bailey insists that the central bank is right to keep policy unchanged.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Federal Reserve Watch: Biden may reappoint Powell, inflation concerns rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFederal Reserve Watch: Biden may reappoint Powell, inflation concerns rise\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time smaller\">2021-07-20 20:07</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/f3c57cc6e9c1b83f50cc789f518b9ca9\" tg-width=\"550\" tg-height=\"358\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The Federal Reserve's interpretation of high inflation as temporary is becoming increasingly unconvincing. Federal Reserve Chairman Jerome Powell admitted in his testimony to Congress last week that inflation levels were higher than the Fed expected, and that they would not hesitate to \"adjust\" monetary policy if inflation began to spiral out of control.</p><p>However, he reiterated that the price increases caused by supply and labor shortages due to the reopening of the economy are temporary.</p><p>The U.S. Consumer Price Index for June, released last week, showed that the CPI rose 5.4% year-on-year, the highest level since 2008 and higher than the market expectation of 5%. The month-on-month increase was 0.9%, higher than the previously forecast of 0.5%. Following the data release, lawmakers from both parties questioned Powell about inflation.</p><p>Inflation may not be temporary.</p><p>As Powell's policies gain more attention, questions about the appointment of the Federal Reserve chairman are beginning to emerge. Powell's term expires in early February next year, and the White House typically appoints a new chairman several months in advance for Senate confirmation.</p><p>While the vast majority of economists believe that President Biden will follow tradition and continue to appoint Powell as chairman, Robert Kuttner, editor of American Prospects, predicted last week that Biden will appoint a new candidate. Kuttner was the first to report that Yellen would serve as Treasury Secretary.</p><p>Ohio Senator Brown, a Democrat and chairman of the Banking Committee, harshly criticized Powell at last week's hearing, arguing that lax regulation has made banks more unbridled. Senator Elizabeth Warren, an influential former presidential candidate, made the same criticism.</p><p>Last week, former Federal Reserve Chair Janet Yellen dodged a television reporter's question about reappointing Powell, but she believed the Fed had done a good job.</p><p>After the crisis ended and the economy rebounded strongly, Powell continued to buy assets with all his might, with interest rates near zero, which is exactly what Yellen wanted Powell to do.</p><p>However, the independence of the Federal Reserve is beginning to be questioned because Powell dutifully followed the policies of his predecessor, and the members of the Federal Open Market Committee also stuck to convention.</p><p>Typically, the producer price index is a leading indicator of the consumer price index. The U.S. PPI rose 1.0% month-on-month and 7.3% year-on-year in June. Most banks expect price pressures to continue for some time.</p><p>This evidence suggests that Powell's insistence that inflation is temporary is becoming increasingly untenable. Inflation should have weakened as the base effect of low prices a year ago faded, but months of supply shortages only temporarily avoided the issue.</p><p>The president of the Richmond Federal Reserve told the Wall Street Journal that it is too early for the Fed to consider reducing its current monthly bond purchases of $120 billion. Because the employment-to-population ratio was 61.1% before the pandemic hit in February 2020, but it was still only 58% in June, this figure needs to stabilize to above 59% for policymakers to discuss tapering bond purchases.</p><p>James Bullard, president of the St. Louis Federal Reserve, hinted that the time is near to begin scaling back bond purchases. \"I don't need to start tomorrow, but I think we're ready,\" he said in an interview.</p><p>Central bank policymakers in other countries are less hesitant. The Bank of Canada announced that it would expand its weekly bond purchase cut of CAD 1 billion in April to CAD 3 billion (US$2.4 billion), and said it would further cut its weekly bond purchases by CAD 1 billion (US$784 million).</p><p>Michael Saunders, an external member of the Bank of England's Monetary Policy Committee, said last week that the Bank of England should take action to curb inflation and hinted that he would vote in favor of reducing bond purchases at a meeting as early as early next month.</p><p>This signals that policymakers are shifting to a hawkish stance, while David Ramsden, deputy governor and member of the MPC, also expressed concern about inflation after the UK's CPI rose 2.5% year-on-year in June.</p><p>Two policymakers said they disagreed with central bank governor Andrew Bailey. Bailey insists that the central bank is right to keep policy unchanged.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f3c57cc6e9c1b83f50cc789f518b9ca9","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","OEX":"标普100","SPY":"标普500ETF","QQQ":"纳指100ETF","DJX":"1/100道琼斯","SDOW":"三倍做空道指30ETF-ProShares","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares",".DJI":"道琼斯","SH":"做空标普500-Proshares",".IXIC":"NASDAQ Composite","QLD":"2倍做多纳斯达克100指数ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares",".SPX":"S&P 500 Index","TQQQ":"纳指三倍做多ETF","QID":"两倍做空纳斯达克指数ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","SQQQ":"纳指三倍做空ETF","DDM":"2倍做多道指ETF-ProShares","DOG":"道指ETF-ProShares做空","UPRO":"三倍做多标普500ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152669205","content_text":"美联储对高通胀是暂时性的解读越来越令人难以信服。美联储主席鲍威尔上周在国会作证时承认，通胀水平高于美联储的预期，如果通胀开始失控，他们将毫不犹豫地“调整”货币政策。\n但他重申，由于经济的重新开放，供应和劳动力短缺导致的物价上涨是暂时的。\n上周公布的美国6月份消费者价格指数显示，CPI较上年同期上涨5.4%，为2008年以来的最高水平，也高于5%的市场预期；环比则增长0.9%，高于此前预测的0.5%。数据公布后，两党议员纷纷就通胀问题向鲍威尔提问。\n通胀或许不是暂时的\n随着鲍威尔的政策获得更多关注，有关美联储主席任命的问题也开始浮现。鲍威尔的任期将于明年2月初到期，白宫通常会提前几个月任命新主席，以便参议院确认。\n虽然绝大多数经济学家认为，拜登总统将遵循传统，继续任命鲍威尔为主席，但《美国前景》的编辑Robert Kuttner上周预测，拜登将任命新的人选。Kuttner是第一个报道耶伦将担任财政部长的人。\n俄亥俄州参议员、银行委员会主席、民主党人布朗在上周的听证会上严厉批评了鲍威尔，他认为宽松的监管使得银行变得更加肆无忌惮。颇具影响力的前总统候选人、参议员伊丽莎白·沃伦也提出了同样的批评。\n上周，上一届美联储主席耶伦回避了一位电视记者关于再次任命鲍威尔的提问，但她认为美联储已经做得很好。\n在危机结束、经济强劲反弹后，鲍威尔继续全力购买资产，利率接近于零，这也正是耶伦想要鲍威尔做的。\n但是，美联储的独立性开始受到怀疑，因为鲍威尔尽职地跟随前任主席的政策，而联邦公开市场委员会的成员们也都墨守成规。\n通常，生产者价格指数是消费者价格指数的先行指标。美国6月份PPI环比上涨1.0%，同比上涨7.3%。大多数银行预计价格压力还将持续一段时间。\n这些证据表明，鲍威尔坚称通胀是暂时的说法正变得越来越站不住脚。随着一年前价格低迷的基数效应消退，通胀本应该减弱，而持续数月的供应短缺只是暂时回避了这个问题。\n里士满联储主席对《华尔街日报》表示，美联储现在考虑减少目前每月1，200亿美元的债券购买规模还为时过早。因为在2020年2月大流行爆发前，就业与人口的比率为61.1%，但6月份仍只有58%，该数据需要稳定到59%以上政策制定者才能讨论缩减购债。\n圣路易斯联储主席詹姆斯•布拉德暗示，开始缩减债券购买规模的时机已经临近。他在一次采访中说：“我不需要明天就开始行动，但我认为我们已经做好了准备。”\n其他国家的央行决策者就没有那么犹豫不决了。加拿大央行宣布在4月份每周削减购债10亿加元的基础上扩大至30亿加元（合24亿美元），并在表示每周将进一步削减购债10亿加元（合7.84亿美元）。\n英国央行货币政策委员会外部成员Michael Saunders上周表示，英国央行应采取行动遏制通胀，并暗示他最早将在下月初的会议上投票支持减少债券购买。\n这标志着政策制定者正在转向鹰派，同时MPC的副行长兼成员David Ramsden也表示，在英国6月份CPI同比增长2.5%后，他对通货膨胀感到担忧。\n两位政策制定者表示，他们不同意央行行长Andrew Bailey的看法。Bailey坚持认为，央行保持政策不变是正确的。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"DDM":0.9,"PSQ":0.9,"SPY":0.9,"DOG":0.9,"ESmain":0.9,".IXIC":0.9,"SDS":0.9,"UDOW":0.9,"MNQmain":0.9,"UPRO":0.9,"NQmain":0.9,"SPXU":0.9,"SDOW":0.9,"SQQQ":0.9,"QQQ":0.9,"QLD":0.9,"QID":0.9,"SSO":0.9,"OEX":0.9,"DXD":0.9,"OEF":0.9,".DJI":0.9,".SPX":0.9,"SH":0.9,"TQQQ":0.9,"IVV":0.9,"DJX":0.9}},"isVote":1,"tweetType":1,"viewCount":3937,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173369912,"gmtCreate":1626617771536,"gmtModify":1703762371236,"author":{"id":"3582937976166267","authorId":"3582937976166267","name":"x无牙仔x","avatar":"https://static.tigerbbs.com/383820dbf1a6648019f4c09bca24fd81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582937976166267","authorIdStr":"3582937976166267"},"themes":[],"title":"","htmlText":"liike","listText":"liike","text":"liike","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173369912","repostId":"1160796593","repostType":4,"repost":{"id":"1160796593","kind":"news","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":1626606185,"share":"https://ttm.financial/m/news/1160796593?lang=en_US&edition=fundamental","pubTime":"2021-07-18 19:03","market":"other","language":"zh","title":"OPEC+ agrees to increase oil production, ending the current stalemate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1160796593","media":"老虎资讯综合","summary":"7月18日，在沙特和阿联酋解决了一项阻碍协议达成的争端后，欧佩克及其盟友同意逐步向市场增加石油供应。与会代表表示，该组织将每月增产至多40万桶/日，直到所有闲置的产能都恢复，根据协议，阿联酋、伊拉克和","content":"<p>On July 18, OPEC and its allies agreed to gradually increase oil supplies to the market after Saudi Arabia and the UAE resolved a dispute that had hindered an agreement. Representatives at the meeting stated that the organization will increase production by up to 400,000 barrels per day per month until all idle capacity is restored. Under the agreement, the UAE, Iraq, and Kuwait will receive higher production quotas starting in May 2022. The agreement will ease looming supply shortages and reduce the risk of rising oil prices. This also brought an end to a deadlock that had unsettled traders.</p><p>OPEC+ has agreed to a new baseline for crude oil production cuts in the UAE of 3.5 million barrels per day, which will take effect in May 2022.</p><p>Besides the UAE, other OPEC+ members are also expected to receive new production cut benchmarks, with Iraq and Kuwait each raising their production baselines by 150,000 barrels per day.</p><p>OPEC+ agreed to adjust benchmark oil production for Saudi Arabia and Russia from 11 million barrels per day to 11.5 million barrels per day, starting in May 2022.</p><p>OPEC+ also agreed to further ease production cuts starting in August, with the new crude oil production cut benchmark set to take effect in May 2022.</p><p>OPEC+ has reached an agreement on crude oil production, and the next OPEC+ meeting will be held on September 21, agreeing to extend the production cut agreement until the end of 2022.</p><p>The OPEC draft statement indicates that OPEC+ plans to completely cancel the 5.8 million barrel/day production cut by September 2022, market conditions permitting.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OPEC+ agrees to increase oil production, ending the current stalemate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOPEC+ agrees to increase oil production, ending the current stalemate.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2021-07-18 19:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 18, OPEC and its allies agreed to gradually increase oil supplies to the market after Saudi Arabia and the UAE resolved a dispute that had hindered an agreement. Representatives at the meeting stated that the organization will increase production by up to 400,000 barrels per day per month until all idle capacity is restored. Under the agreement, the UAE, Iraq, and Kuwait will receive higher production quotas starting in May 2022. The agreement will ease looming supply shortages and reduce the risk of rising oil prices. This also brought an end to a deadlock that had unsettled traders.</p><p>OPEC+ has agreed to a new baseline for crude oil production cuts in the UAE of 3.5 million barrels per day, which will take effect in May 2022.</p><p>Besides the UAE, other OPEC+ members are also expected to receive new production cut benchmarks, with Iraq and Kuwait each raising their production baselines by 150,000 barrels per day.</p><p>OPEC+ agreed to adjust benchmark oil production for Saudi Arabia and Russia from 11 million barrels per day to 11.5 million barrels per day, starting in May 2022.</p><p>OPEC+ also agreed to further ease production cuts starting in August, with the new crude oil production cut benchmark set to take effect in May 2022.</p><p>OPEC+ has reached an agreement on crude oil production, and the next OPEC+ meeting will be held on September 21, agreeing to extend the production cut agreement until the end of 2022.</p><p>The OPEC draft statement indicates that OPEC+ plans to completely cancel the 5.8 million barrel/day production cut by September 2022, market conditions permitting.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ba0e918dfd4ec815c4f78fc4cfc3ea3e","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160796593","content_text":"7月18日，在沙特和阿联酋解决了一项阻碍协议达成的争端后，欧佩克及其盟友同意逐步向市场增加石油供应。与会代表表示，该组织将每月增产至多40万桶/日，直到所有闲置的产能都恢复，根据协议，阿联酋、伊拉克和科威特从2022年5月起将获得更高的产量配额。协议将缓解迫在眉睫的供应紧张，并降低油价上涨的风险。这也为一场令交易员不安的僵局画上了句号。\nOPEC+同意阿联酋的原油减产新基线为350万桶/日，将于2022年5月开始生效。\n除了阿联酋，其他OPEC+成员也有望获得新的减产基准，伊拉克和科威特的产量基线分别提高15万桶/天。\n欧佩克+同意从2022年5月开始，将沙特和俄罗斯的基准石油产量从之前的1100万桶/日调整为1150万桶/日。\nOPEC+还同意从8月起进一步放宽减产，新的原油减产基准线将于2022年5月生效。\n欧佩克+已经就原油生产问题达成协议，下一次欧佩克+会议将在9月21日举行，同意将减产协议延长至2022年底。\n欧佩克草案声明显示，欧佩克+计划在2022年9月之前，在市场条件允许的情况下，全面取消580万桶/日的减产。","news_type":1,"symbols_score_info":{"BZmain":0.9,"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":3945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}