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2021-09-17

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??

Tesla Hikes Model Y Performance Car Prices in China, Here Is Why

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387,900.</p>\n<p>Tesla reported a rebound in domestic China shipments in August. The company shipped 12,885 units, an increase of almost 50% from July when deliveries plunged 69%.</p>\n<p>In March, the company raised the price of the Y Model by about $1,226. The price hike was announced by Grace Tao, Tesla's vice president of external affairs.</p>\n<p>In that month, Tesla raised the Model Y Long Range price in China to RMB 347,900 and the Performance to RMB 377,900.</p>\n<p>The Model Y went on sale in China at the beginning of 2021 and&nbsp;garnered enough orders to exhaust supplies&nbsp;for the first three months of the year. At that time, the vehicle was priced at RMB 339,900.</p>\n<p>Last month, Tesla's Giga Shanghai reached a production capacity of 1,000 Model Y vehicles per day.</p>\n<p>The Model Y production&nbsp;rate&nbsp;at Giga Shanghai is higher than that of the Model 3, which is produced at 800 vehicles per day.</p>\n<p>Giga Shanghai has become Tesla's export hub, as was evident from the July China sales data reported by the China Passenger Car Association. The EV giant&nbsp;exported&nbsp;about 74% of the cars it manufactured in China.</p>\n<p><b>Why It Matters:</b>&nbsp;Tesla seems to be losing ground in China with dropping sales and rising prices of its vehicles. The China Passenger Car Association reported that Tesla's sales in China fell to 8,621 cars in July, down nearly 70% from June.</p>\n<p>Tesla accounted for 3.9% of July sales of battery electric vehicles in China, down from 12.6% in June.</p>\n<p>Tesla faces stiff competition from local Chinese rivals like&nbsp;<b>Xpeng Inc.</b>,&nbsp;<b>Nio Inc.</b>,&nbsp;<b>Li Auto Inc</b>&nbsp;and&nbsp;<b>BYD Company Limited</b>.</p>\n<p>Earlier in April, the company faced&nbsp;protests&nbsp;by Telsa owners at the Shanghai auto show over poor car quality and various safety concerns.</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>Tesla Hikes Model Y Performance Car Prices in China, Here Is Why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Hikes Model Y Performance Car Prices in China, Here Is Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-09-13 15:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Tesla Inc</b>&nbsp;on Saturday announced that it is going to increase the price of its Model Y Performance car in China by $1,552.</p>\n<p><b>What Happened:</b>&nbsp;According to the&nbsp;report&nbsp;announced on the Chinese microblogging website Weibo, the new price of Model Y will be RMB 387,900.</p>\n<p>Tesla reported a rebound in domestic China shipments in August. The company shipped 12,885 units, an increase of almost 50% from July when deliveries plunged 69%.</p>\n<p>In March, the company raised the price of the Y Model by about $1,226. The price hike was announced by Grace Tao, Tesla's vice president of external affairs.</p>\n<p>In that month, Tesla raised the Model Y Long Range price in China to RMB 347,900 and the Performance to RMB 377,900.</p>\n<p>The Model Y went on sale in China at the beginning of 2021 and&nbsp;garnered enough orders to exhaust supplies&nbsp;for the first three months of the year. At that time, the vehicle was priced at RMB 339,900.</p>\n<p>Last month, Tesla's Giga Shanghai reached a production capacity of 1,000 Model Y vehicles per day.</p>\n<p>The Model Y production&nbsp;rate&nbsp;at Giga Shanghai is higher than that of the Model 3, which is produced at 800 vehicles per day.</p>\n<p>Giga Shanghai has become Tesla's export hub, as was evident from the July China sales data reported by the China Passenger Car Association. The EV giant&nbsp;exported&nbsp;about 74% of the cars it manufactured in China.</p>\n<p><b>Why It Matters:</b>&nbsp;Tesla seems to be losing ground in China with dropping sales and rising prices of its vehicles. The China Passenger Car Association reported that Tesla's sales in China fell to 8,621 cars in July, down nearly 70% from June.</p>\n<p>Tesla accounted for 3.9% of July sales of battery electric vehicles in China, down from 12.6% in June.</p>\n<p>Tesla faces stiff competition from local Chinese rivals like&nbsp;<b>Xpeng Inc.</b>,&nbsp;<b>Nio Inc.</b>,&nbsp;<b>Li Auto Inc</b>&nbsp;and&nbsp;<b>BYD Company Limited</b>.</p>\n<p>Earlier in April, the company faced&nbsp;protests&nbsp;by Telsa owners at the Shanghai auto show over poor car quality and various safety concerns.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120431625","content_text":"Tesla Inc on Saturday announced that it is going to increase the price of its Model Y Performance car in China by $1,552.\nWhat Happened: According to the report announced on the Chinese microblogging website Weibo, the new price of Model Y will be RMB 387,900.\nTesla reported a rebound in domestic China shipments in August. The company shipped 12,885 units, an increase of almost 50% from July when deliveries plunged 69%.\nIn March, the company raised the price of the Y Model by about $1,226. The price hike was announced by Grace Tao, Tesla's vice president of external affairs.\nIn that month, Tesla raised the Model Y Long Range price in China to RMB 347,900 and the Performance to RMB 377,900.\nThe Model Y went on sale in China at the beginning of 2021 and garnered enough orders to exhaust supplies for the first three months of the year. At that time, the vehicle was priced at RMB 339,900.\nLast month, Tesla's Giga Shanghai reached a production capacity of 1,000 Model Y vehicles per day.\nThe Model Y production rate at Giga Shanghai is higher than that of the Model 3, which is produced at 800 vehicles per day.\nGiga Shanghai has become Tesla's export hub, as was evident from the July China sales data reported by the China Passenger Car Association. The EV giant exported about 74% of the cars it manufactured in China.\nWhy It Matters: Tesla seems to be losing ground in China with dropping sales and rising prices of its vehicles. The China Passenger Car Association reported that Tesla's sales in China fell to 8,621 cars in July, down nearly 70% from June.\nTesla accounted for 3.9% of July sales of battery electric vehicles in China, down from 12.6% in June.\nTesla faces stiff competition from local Chinese rivals like Xpeng Inc., Nio Inc., Li Auto Inc and BYD Company Limited.\nEarlier in April, the company faced protests by Telsa owners at the Shanghai auto show over poor car quality and various safety concerns.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1793,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815666493,"gmtCreate":1630676332212,"gmtModify":1676530373354,"author":{"id":"3577272005829901","authorId":"3577272005829901","name":"55ewell","avatar":"https://static.tigerbbs.com/4f2825fcb45f23295bcb39c75c2548ad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577272005829901","authorIdStr":"3577272005829901"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LI\">$Li Auto(LI)$</a>rubbish&nbsp;","listText":"<a href=\"https://laohu8.com/S/LI\">$Li Auto(LI)$</a>rubbish&nbsp;","text":"$Li Auto(LI)$rubbish","images":[{"img":"https://static.tigerbbs.com/fb08f843d4badf5f9b58591e3d326729","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815666493","isVote":1,"tweetType":1,"viewCount":1525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":812217149,"gmtCreate":1630590244181,"gmtModify":1676530349257,"author":{"id":"3577272005829901","authorId":"3577272005829901","name":"55ewell","avatar":"https://static.tigerbbs.com/4f2825fcb45f23295bcb39c75c2548ad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577272005829901","authorIdStr":"3577272005829901"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LI\">$Li Auto(LI)$</a>&nbsp;wake up ⬆️⬆️⬆️⬆️⬆️","listText":"<a href=\"https://laohu8.com/S/LI\">$Li Auto(LI)$</a>&nbsp;wake up ⬆️⬆️⬆️⬆️⬆️","text":"$Li Auto(LI)$ wake up ⬆️⬆️⬆️⬆️⬆️","images":[{"img":"https://static.tigerbbs.com/0558f49d335bc503ef35ef5e849969f6","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/812217149","isVote":1,"tweetType":1,"viewCount":2009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":812214664,"gmtCreate":1630590219458,"gmtModify":1676530349242,"author":{"id":"3577272005829901","authorId":"3577272005829901","name":"55ewell","avatar":"https://static.tigerbbs.com/4f2825fcb45f23295bcb39c75c2548ad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577272005829901","authorIdStr":"3577272005829901"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>come on ⬆️⬆️⬆️⬆️⬆️","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>come on ⬆️⬆️⬆️⬆️⬆️","text":"$Tiger Brokers(TIGR)$come on ⬆️⬆️⬆️⬆️⬆️","images":[{"img":"https://static.tigerbbs.com/244df45f68d2e73644a592fa232bb2f2","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/812214664","isVote":1,"tweetType":1,"viewCount":1996,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575044403730346","authorId":"3575044403730346","name":"暴风里的鸡蛋壳","avatar":"https://static.tigerbbs.com/b41dfc8827b17f2442f628bf066fb51e","crmLevel":9,"crmLevelSwitch":1,"idStr":"3575044403730346","authorIdStr":"3575044403730346"},"content":"On September 1st, according to a later LatePost report, ByteDance plans to sell its securities business, with an overall valuation of about 500-1 billion RMB. In the first half of this year, ByteDance and successively $China International Capital Corporation (601995. SH) $ CITIC, Fosun Group, Niuguwang, $East Money Information (300059. SZ) $ Have communicated with each other. Two of the companies gave letters of intent to invest.","text":"On September 1st, according to a later LatePost report, ByteDance plans to sell its securities business, with an overall valuation of about 500-1 billion RMB. In the first half of this year, ByteDance and successively $China International Capital Corporation (601995. SH) $ CITIC, Fosun Group, Niuguwang, $East Money Information (300059. SZ) $ Have communicated with each other. Two of the companies gave letters of intent to invest.","html":"On September 1st, according to a later LatePost report, ByteDance plans to sell its securities business, with an overall valuation of about 500-1 billion RMB. In the first half of this year, ByteDance and successively $China International Capital Corporation (601995. SH) $ CITIC, Fosun Group, Niuguwang, $East Money Information (300059. SZ) $ Have communicated with each other. Two of the companies gave letters of intent to invest."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":816523071,"gmtCreate":1630508069593,"gmtModify":1676530325534,"author":{"id":"3577272005829901","authorId":"3577272005829901","name":"55ewell","avatar":"https://static.tigerbbs.com/4f2825fcb45f23295bcb39c75c2548ad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577272005829901","authorIdStr":"3577272005829901"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>⬆️⬆️⬆️⬆️⬆️⬆️","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>⬆️⬆️⬆️⬆️⬆️⬆️","text":"$Tiger Brokers(TIGR)$⬆️⬆️⬆️⬆️⬆️⬆️","images":[{"img":"https://static.tigerbbs.com/40d9aaebfbdaf013cab0e71942a462c4","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/816523071","isVote":1,"tweetType":1,"viewCount":3127,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576759208994289","authorId":"3576759208994289","name":"CashCity","avatar":"https://static.tigerbbs.com/c5cf91d5f3d2d348fadcd1f4cd2a3fc7","crmLevel":7,"crmLevelSwitch":1,"idStr":"3576759208994289","authorIdStr":"3576759208994289"},"content":"Welcome onboard, see you at $15 soon","text":"Welcome onboard, see you at $15 soon","html":"Welcome onboard, see you at $15 soon"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":818385975,"gmtCreate":1630376412497,"gmtModify":1676530285026,"author":{"id":"3577272005829901","authorId":"3577272005829901","name":"55ewell","avatar":"https://static.tigerbbs.com/4f2825fcb45f23295bcb39c75c2548ad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577272005829901","authorIdStr":"3577272005829901"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MU\">$Micron Technology(MU)$</a>&nbsp;⬆️⬆️⬆️⬆️⬆️","listText":"<a href=\"https://laohu8.com/S/MU\">$Micron Technology(MU)$</a>&nbsp;⬆️⬆️⬆️⬆️⬆️","text":"$Micron Technology(MU)$ ⬆️⬆️⬆️⬆️⬆️","images":[{"img":"https://static.tigerbbs.com/f24cbe0670dcde0679b79635e6ba562b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818385975","isVote":1,"tweetType":1,"viewCount":1621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":811420941,"gmtCreate":1630337644583,"gmtModify":1676530275103,"author":{"id":"3577272005829901","authorId":"3577272005829901","name":"55ewell","avatar":"https://static.tigerbbs.com/4f2825fcb45f23295bcb39c75c2548ad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577272005829901","authorIdStr":"3577272005829901"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>haizzz","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>haizzz","text":"$Tiger Brokers(TIGR)$haizzz","images":[{"img":"https://static.tigerbbs.com/4000011e15b5bcd637286d95ba0ed1a6","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811420941","isVote":1,"tweetType":1,"viewCount":1648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":819223028,"gmtCreate":1630073342564,"gmtModify":1676530217442,"author":{"id":"3577272005829901","authorId":"3577272005829901","name":"55ewell","avatar":"https://static.tigerbbs.com/4f2825fcb45f23295bcb39c75c2548ad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577272005829901","authorIdStr":"3577272005829901"},"themes":[],"htmlText":"How's you doing today?&nbsp;","listText":"How's you doing today?&nbsp;","text":"How's you doing today?","images":[{"img":"https://static.tigerbbs.com/cb88adfab4589f0e5ef3c5f62222e1d1","width":"1080","height":"3561"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/819223028","isVote":1,"tweetType":1,"viewCount":736,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":835717634,"gmtCreate":1629753780328,"gmtModify":1676530118447,"author":{"id":"3577272005829901","authorId":"3577272005829901","name":"55ewell","avatar":"https://static.tigerbbs.com/4f2825fcb45f23295bcb39c75c2548ad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577272005829901","authorIdStr":"3577272005829901"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>&nbsp;when you will go up?&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>&nbsp;when you will go up?&nbsp;","text":"$Tiger Brokers(TIGR)$ when you will go up?","images":[{"img":"https://static.tigerbbs.com/5ccf79b0d034e15afdd802b9d813fccb","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/835717634","isVote":1,"tweetType":1,"viewCount":1087,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":835717117,"gmtCreate":1629753735839,"gmtModify":1676530118439,"author":{"id":"3577272005829901","authorId":"3577272005829901","name":"55ewell","avatar":"https://static.tigerbbs.com/4f2825fcb45f23295bcb39c75c2548ad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577272005829901","authorIdStr":"3577272005829901"},"themes":[],"htmlText":"Well","listText":"Well","text":"Well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/835717117","repostId":"2161747692","repostType":4,"repost":{"id":"2161747692","kind":"news","pubTimestamp":1629673828,"share":"https://ttm.financial/m/news/2161747692?lang=&edition=full_marsco","pubTime":"2021-08-23 07:10","market":"us","language":"en","title":"Fed's Jackson Hole Symposium, personal income and spending: What to know this week","url":"https://stock-news.laohu8.com/highlight/detail?id=2161747692","media":"Yahoo Finance","summary":"Traders this week are poised to focus closely on Federal Reserve policymakers' virtual appearance at","content":"<p>Traders this week are poised to focus closely on Federal Reserve policymakers' virtual appearance at the bank's annual Jackson Hole Economic Policy Symposium.</p>\n<p>The event, which takes place from Thursday to Saturday this week, is set to serve as a forum for more discussions around Fed policymakers' plans to announce and implement a shift in the central bank's monetary policy stance. Namely, investors have been closely watching for months to hear when officials will begin tapering their purchases of Treasury and mortgage securities, which have been taking place at a pace of $120 billion per month for more than a year during the pandemic.</p>\n<p>This asset purchase program had been a major policy underpinning U.S. equity markets this year, providing liquidity throughout the economic crisis induced by the virus. But as the economy makes headway in recovering, Fed officials' talk around pulling in the reins on this program has started to increase.</p>\n<p>Last week, Federal Reserve officials signaled the announcement of the start of tapering was edging closer. According to the meeting minutes from the Federal Reserve's July meeting, most monetary policymakers believed the economy will have made enough progress toward recovering to warrant tapering.</p>\n<p>\"Most participants noted that, provided that the economy were to evolve broadly as they anticipated, they judged that it could be appropriate to start reducing the pace of asset purchases this year because they saw the Committee’s 'substantial further progress' criterion as satisfied with respect to the price-stability goal and as close to being satisfied with respect to the maximum employment goal,\" according to the FOMC minutes.</p>\n<p>But as many pundits have noted, the central bank still has a host of meetings left in 2021 to serve as a platform for further discussing or announcing tapering. As a result, Jackson Hole this week may cause few ripples, with policymakers like Federal Reserve Chair Jerome Powell sticking to their previously telegraphed language about waiting to see further improvements in the labor market before escalating talk of tapering further.</p>\n<p>\"Jackson Hole next week is certainly a target for when we might hear some actual firm language around taper. I'm not really expecting much out of Jackson Hole,\" Garrett Melson, Natixis Investment Managers Solutions portfolio strategist, told Yahoo Finance last week. \"We're more in the camp that we probably start to hear something around the November meeting. Perhaps they're as quick as December to start actually implementing the taper. But I'm still more in the camp that January is probably when we begin to see a slow taper, probably in the ballpark of $15 billion per month.\"</p>\n<p>\"They're still very, very dovish. They're slightly less dovish,\" he added. \"But that's a little semantics at this point. Taper is very well documented and well known. We know it's coming. It's just a matter of timing and really shouldn't surprise many investors out there.\"</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffd135dd0d8cdc399e0982d54e39f5bd\" tg-width=\"6000\" tg-height=\"4000\" width=\"100%\" height=\"auto\"><span>Federal Reserve Board Chair Jerome Powell testifies before Senate Banking, Housing, and Urban Affairs hearing to examine the Semiannual Monetary Policy Report to Congress, July 15, 2021, on Capitol Hill. (AP Photo/Jose Luis Magana, file)ASSOCIATED PRESS</span></p>\n<p>As for the ultimate market impact of tapering, if the outcome is anything like the response from the last announcement of tapering in 2023, investors might brace for a momentary bout of volatility and some sector rotation beneath the surface.</p>\n<p>\"In 2013, Fed Chair Bernanke's comments about tapering catalyzed a five-day, 40 bp backup in 10-year yields and a 5% drop in the S&amp;P 500,\" said David Kostin, Goldman Sachs' chief U.S. equity strategist, in a note last week. \"The initial signal from the taper tantrum ultimately proved fleeting during a year with extremely strong returns for equities.\"</p>\n<p>\"The S&amp;P 500 rebounded 5% in the roughly two months following the tantrum, led higher by the materials, consumer discretionary, and health care sectors,\" he added. \"By December, the S&amp;P 500 had posted a full-year return of 32%. As the Fed reiterated its commitment to accommodative policy, growth outperformed value and cyclical stocks outperformed defensives.\"</p>\n<h2>Personal spending, income</h2>\n<p>New economic data on consumer spending and income will also be in focus later this week, with reports on both metrics due for release on Friday.</p>\n<p>Consensus economists expect to see personal spending slow to just a 0.4% monthly clip in July, decelerating from June's 1.0% increase.</p>\n<p>Just last week, the Commerce Department's data showed retail sales fell more than expected in July, dipping by 1.1%. The print pointed to more moderation in spending as the impact of stimulus checks earlier this year waned further, and lowered the bar for the Bureau of Economic Analysis' monthly personal spending data.</p>\n<p>Other data has also underscored the slowdown in consumer spending, especially given the recent spread of the Delta variant starting in the middle of summer.</p>\n<p>\"Although services spending started strong in July boosted by the holiday, our aggregated BAC credit and debit card data suggest services spending, particularly for travel and leisure, slowed down noticeably in the second half of the month, potentially due to rising Delta concerns,\" Bank of America economist Michelle Meyer wrote in a note Friday.</p>\n<p>Friday's consumer spending report will also come with data on personal income, which is also expected to have ticked up only slightly on a monthly basis. Economists look for a 0.1% increase in July, which would match the pace from the prior month.</p>\n<p>Even with the deceleration in income, however, the personal savings rate may have increased as an early round of child tax credit payments helped offset a slowing pace of income growth, some economists noted.</p>\n<p>\"The advance child tax credit payments delivered this month translated into a lower tax burden and therefore a 1% month-over-month boost to disposable income, consequently leading to a rise in the savings rate to 10.0% from 9.4% in June,\" Meyer predicted.</p>\n<h2>Economic calendar</h2>\n<ul>\n <li><p><b>Monday: </b>Chicago Fed National Activity Index, July (0.09 in June); <a href=\"https://laohu8.com/S/MRKT\">Markit</a> U.S. Manufacturing PMI, August preliminary (62.8 expected, 63.4 in July); Markit U.S. Services PMI, August preliminary (59.0 expected, 59.9 in July); Markit U.S. Composite PMI, August preliminary (59.9 in July); Existing home sales, month-on-month, July (-0.3% expected, 1.4% in June)</p></li>\n <li><p><b>Tuesday: </b>Richmond Fed Manufacturing Index, August (25 expected, 27 in July); New home sales, month-on-month, July (3.6% expected, -6.6% in June)</p></li>\n <li><p><b>Wednesday: </b>MBA Mortgage Applications, week ended August 20 (-3.9% during prior week); Durable goods orders, July preliminary (-0.2% expected, 0.9% in June); Non-defense capital goods orders excluding aircraft, July preliminary (0.5% expected, 0.7% in June); Non-defense capital goods shipments excluding aircraft, July preliminary (0.6% in June)</p></li>\n <li><p><b>Thursday: </b>Initial jobless claims, week ended August 21 (352,000 expected, 348,000 during prior week); Continuing claims, week ended August 14 (2.780 million expected, 2.820 million during prior week); GDP annualized quarter-over-quarter, Q2 second estimate (6.6% expected, 6.5% in prior print); Personal consumption, Q2 second estimate (12.3% expected, 11.8% in prior print); Core PCE quarter-over-quarter Q2 second estimate (6.1% expected, 6.1% in prior print); Kansas City Fed Manufacturing Activity Index, August (30 in prior print)</p></li>\n <li><p><b>Friday: </b>Advanced goods trade balance, July (-$90.9 billion expected, -$91.2 billion in June); Wholesale inventories, month-over-month, July preliminary (1.0% expected, 1.1% in June); Personal income, July (0.2% expected, 0.1% in June); Personal spending, July (0.4% expected, 1.0% in June); PCE core deflator, month-on-month, July (0.3% expected, 0.4% in June); PCE core deflator, year-on-year, July (3.6% expected, 3.5% in June); University of Michigan Sentiment, August final (71.0 expected, 70.2 in prior print)</p></li>\n</ul>\n<h2>Earnings calendar</h2>\n<ul>\n <li><p><b>Monday: </b><i>No notable reports scheduled for release</i></p></li>\n <li><p><b>Tuesday: </b>Advance Auto Parts (AAP) before market open; Intuit (INTU) after market close</p></li>\n <li><p><b>Wednesday: </b>Best Buy (BBY) before market open; <a href=\"https://laohu8.com/S/CRM\">Salesforce</a> (CRM), Autodesk (ADSK), Ulta Beauty (ULTA) after market close</p></li>\n <li><p><b>Thursday: </b>The JM Smucker Co. (SJM), Dollar General (DG), Dollar Tree (DLTR) before market open; The Gap (GPS), HP Inc. (HPQ) after market close</p></li>\n <li><p><b>Friday: </b><i>No notable reports scheduled for release </i></p></li>\n</ul>","source":"yahoofinance","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>Fed's Jackson Hole Symposium, personal income and spending: What to know this week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed's Jackson Hole Symposium, personal income and spending: What to know this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-23 07:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-heads-to-jackson-hole-personal-income-and-spending-what-to-know-this-week-150228513.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Traders this week are poised to focus closely on Federal Reserve policymakers' virtual appearance at the bank's annual Jackson Hole Economic Policy Symposium.\nThe event, which takes place from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-heads-to-jackson-hole-personal-income-and-spending-what-to-know-this-week-150228513.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","TGT":"塔吉特","BBY":"百思买","SPY.AU":"SPDR® S&P 500® ETF Trust","WMT":"沃尔玛",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","XRT":"零售指数ETF-SPDR标普"},"source_url":"https://finance.yahoo.com/news/fed-heads-to-jackson-hole-personal-income-and-spending-what-to-know-this-week-150228513.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2161747692","content_text":"Traders this week are poised to focus closely on Federal Reserve policymakers' virtual appearance at the bank's annual Jackson Hole Economic Policy Symposium.\nThe event, which takes place from Thursday to Saturday this week, is set to serve as a forum for more discussions around Fed policymakers' plans to announce and implement a shift in the central bank's monetary policy stance. Namely, investors have been closely watching for months to hear when officials will begin tapering their purchases of Treasury and mortgage securities, which have been taking place at a pace of $120 billion per month for more than a year during the pandemic.\nThis asset purchase program had been a major policy underpinning U.S. equity markets this year, providing liquidity throughout the economic crisis induced by the virus. But as the economy makes headway in recovering, Fed officials' talk around pulling in the reins on this program has started to increase.\nLast week, Federal Reserve officials signaled the announcement of the start of tapering was edging closer. According to the meeting minutes from the Federal Reserve's July meeting, most monetary policymakers believed the economy will have made enough progress toward recovering to warrant tapering.\n\"Most participants noted that, provided that the economy were to evolve broadly as they anticipated, they judged that it could be appropriate to start reducing the pace of asset purchases this year because they saw the Committee’s 'substantial further progress' criterion as satisfied with respect to the price-stability goal and as close to being satisfied with respect to the maximum employment goal,\" according to the FOMC minutes.\nBut as many pundits have noted, the central bank still has a host of meetings left in 2021 to serve as a platform for further discussing or announcing tapering. As a result, Jackson Hole this week may cause few ripples, with policymakers like Federal Reserve Chair Jerome Powell sticking to their previously telegraphed language about waiting to see further improvements in the labor market before escalating talk of tapering further.\n\"Jackson Hole next week is certainly a target for when we might hear some actual firm language around taper. I'm not really expecting much out of Jackson Hole,\" Garrett Melson, Natixis Investment Managers Solutions portfolio strategist, told Yahoo Finance last week. \"We're more in the camp that we probably start to hear something around the November meeting. Perhaps they're as quick as December to start actually implementing the taper. But I'm still more in the camp that January is probably when we begin to see a slow taper, probably in the ballpark of $15 billion per month.\"\n\"They're still very, very dovish. They're slightly less dovish,\" he added. \"But that's a little semantics at this point. Taper is very well documented and well known. We know it's coming. It's just a matter of timing and really shouldn't surprise many investors out there.\"\nFederal Reserve Board Chair Jerome Powell testifies before Senate Banking, Housing, and Urban Affairs hearing to examine the Semiannual Monetary Policy Report to Congress, July 15, 2021, on Capitol Hill. (AP Photo/Jose Luis Magana, file)ASSOCIATED PRESS\nAs for the ultimate market impact of tapering, if the outcome is anything like the response from the last announcement of tapering in 2023, investors might brace for a momentary bout of volatility and some sector rotation beneath the surface.\n\"In 2013, Fed Chair Bernanke's comments about tapering catalyzed a five-day, 40 bp backup in 10-year yields and a 5% drop in the S&P 500,\" said David Kostin, Goldman Sachs' chief U.S. equity strategist, in a note last week. \"The initial signal from the taper tantrum ultimately proved fleeting during a year with extremely strong returns for equities.\"\n\"The S&P 500 rebounded 5% in the roughly two months following the tantrum, led higher by the materials, consumer discretionary, and health care sectors,\" he added. \"By December, the S&P 500 had posted a full-year return of 32%. As the Fed reiterated its commitment to accommodative policy, growth outperformed value and cyclical stocks outperformed defensives.\"\nPersonal spending, income\nNew economic data on consumer spending and income will also be in focus later this week, with reports on both metrics due for release on Friday.\nConsensus economists expect to see personal spending slow to just a 0.4% monthly clip in July, decelerating from June's 1.0% increase.\nJust last week, the Commerce Department's data showed retail sales fell more than expected in July, dipping by 1.1%. The print pointed to more moderation in spending as the impact of stimulus checks earlier this year waned further, and lowered the bar for the Bureau of Economic Analysis' monthly personal spending data.\nOther data has also underscored the slowdown in consumer spending, especially given the recent spread of the Delta variant starting in the middle of summer.\n\"Although services spending started strong in July boosted by the holiday, our aggregated BAC credit and debit card data suggest services spending, particularly for travel and leisure, slowed down noticeably in the second half of the month, potentially due to rising Delta concerns,\" Bank of America economist Michelle Meyer wrote in a note Friday.\nFriday's consumer spending report will also come with data on personal income, which is also expected to have ticked up only slightly on a monthly basis. Economists look for a 0.1% increase in July, which would match the pace from the prior month.\nEven with the deceleration in income, however, the personal savings rate may have increased as an early round of child tax credit payments helped offset a slowing pace of income growth, some economists noted.\n\"The advance child tax credit payments delivered this month translated into a lower tax burden and therefore a 1% month-over-month boost to disposable income, consequently leading to a rise in the savings rate to 10.0% from 9.4% in June,\" Meyer predicted.\nEconomic calendar\n\nMonday: Chicago Fed National Activity Index, July (0.09 in June); Markit U.S. Manufacturing PMI, August preliminary (62.8 expected, 63.4 in July); Markit U.S. Services PMI, August preliminary (59.0 expected, 59.9 in July); Markit U.S. Composite PMI, August preliminary (59.9 in July); Existing home sales, month-on-month, July (-0.3% expected, 1.4% in June)\nTuesday: Richmond Fed Manufacturing Index, August (25 expected, 27 in July); New home sales, month-on-month, July (3.6% expected, -6.6% in June)\nWednesday: MBA Mortgage Applications, week ended August 20 (-3.9% during prior week); Durable goods orders, July preliminary (-0.2% expected, 0.9% in June); Non-defense capital goods orders excluding aircraft, July preliminary (0.5% expected, 0.7% in June); Non-defense capital goods shipments excluding aircraft, July preliminary (0.6% in June)\nThursday: Initial jobless claims, week ended August 21 (352,000 expected, 348,000 during prior week); Continuing claims, week ended August 14 (2.780 million expected, 2.820 million during prior week); GDP annualized quarter-over-quarter, Q2 second estimate (6.6% expected, 6.5% in prior print); Personal consumption, Q2 second estimate (12.3% expected, 11.8% in prior print); Core PCE quarter-over-quarter Q2 second estimate (6.1% expected, 6.1% in prior print); Kansas City Fed Manufacturing Activity Index, August (30 in prior print)\nFriday: Advanced goods trade balance, July (-$90.9 billion expected, -$91.2 billion in June); Wholesale inventories, month-over-month, July preliminary (1.0% expected, 1.1% in June); Personal income, July (0.2% expected, 0.1% in June); Personal spending, July (0.4% expected, 1.0% in June); PCE core deflator, month-on-month, July (0.3% expected, 0.4% in June); PCE core deflator, year-on-year, July (3.6% expected, 3.5% in June); University of Michigan Sentiment, August final (71.0 expected, 70.2 in prior print)\n\nEarnings calendar\n\nMonday: No notable reports scheduled for release\nTuesday: Advance Auto Parts (AAP) before market open; Intuit (INTU) after market close\nWednesday: Best Buy (BBY) before market open; Salesforce (CRM), Autodesk (ADSK), Ulta Beauty (ULTA) after market close\nThursday: The JM Smucker Co. (SJM), Dollar General (DG), Dollar Tree (DLTR) before market open; The Gap (GPS), HP Inc. (HPQ) after market close\nFriday: No notable reports scheduled for release","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"BBY":0.9,"SPY.AU":0.9,"TGT":0.9,"WMT":0.9,"XRT":0.9}},"isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836646368,"gmtCreate":1629482833554,"gmtModify":1676530056314,"author":{"id":"3577272005829901","authorId":"3577272005829901","name":"55ewell","avatar":"https://static.tigerbbs.com/4f2825fcb45f23295bcb39c75c2548ad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577272005829901","authorIdStr":"3577272005829901"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>just UP⬆️⬆️⬆️⬆️⬆️⬆️","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>just UP⬆️⬆️⬆️⬆️⬆️⬆️","text":"$Taiwan Semiconductor Manufacturing(TSM)$just 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