Bottom-line: 혁신이 적은 대신 가격은 그대로.
Apple Inc. unveiled a new lineup of devices Wednesday with few surprises beyond one major one: It didn’t raise its US prices during one of the worst years for inflation in decades. At its biggest product-launch event of the year, dubbed Far Out, the company introduced the iPhone 14, fresh AirPods Pro earbuds and an Apple Watch upgrade that included a first-ever Ultra model. The iPhone retains the general look of the older version while getting camera enhancements, a long-anticipated satellite-messaging feature and -- on the higher-end models -- a new interface called the Dynamic Island.
Apple Inc. unveiled a new lineup of devices Wednesday with few surprises beyond one major one: It didn’t raise its US prices during one of the worst years for inflation in decades. At its biggest product-launch event of the year, dubbed Far Out, the company introduced the iPhone 14, fresh AirPods Pro earbuds and an Apple Watch upgrade that included a first-ever Ultra model. The iPhone retains the general look of the older version while getting camera enhancements, a long-anticipated satellite-messaging feature and -- on the higher-end models -- a new interface called the Dynamic Island.
Bottom-line: 작금의 중국을 대표하는 기업에 초기 투자한 이들은 다년간 수십억 달러의 수익을 거뒀지만, 최근 이들의 대규모 지분이 청산거래 시스템에 포착되고 있음. 시진핑 정부의 기업 경영 간섭과 경제봉쇄 등이 지난 시간 이뤄낸 중국의 성장 모형에 대한 의문을 품게 만들기 때문임.
For early backers, they’ve been some of the most profitable Chinese stock investments of all time: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and BYD Co. But now big-name investors who’ve made billions from these stocks are taking money off the table, underscoring growing angst over the prospects for China’s biggest companies as President Xi Jinping tightens the government’s grip on the private sector and the economy falters under persistent Covid lockdowns. In the latest development, Tencent shares worth $7.6 billion appeared in Hong Kong’s clearing and settlement system, typically a precursor to selling stock. Naspers Ltd. -- which invests via its Dutch unit Prosus NV -- is the most likely seller because it’s one of the few investors that can handle such a sizable transaction and it’s said it will sell Tencent to fund buybacks. That comes a month after Japan’s SoftBank Group Corp. said it unloaded an enormous slug of Alibaba, the e-commerce pioneer that had long been China’s most valuable company. SoftBank, under pressure from botched startup bets, raised more than $17 billion through the sale of forward contracts on the stock. Warren Buffett’s Berkshire Hathaway Inc. is trimming its stake in electric-vehicle maker BYD. The moves, taken together, represent a stunning retreat from China’s private sector by investors that had been fervent champions for decades. SoftBank founder Masayoshi Son famously invested about $20 million in Jack Ma’s Alibaba in 2000 and held through the dot-com bust and the Chinese company’s IPO in 2014. Naspers invested in Tencent in 2001, while Berkshire bought shares in BYD in 2008. “There’s a big question mark over the growth model of Chinese tech giants like Tencent and Alibaba,” said Ke Yan, analyst with Singapore-based DZT Research. “The government crackdown brought significant uncertainty.”
For early backers, they’ve been some of the most profitable Chinese stock investments of all time: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and BYD Co. But now big-name investors who’ve made billions from these stocks are taking money off the table, underscoring growing angst over the prospects for China’s biggest companies as President Xi Jinping tightens the government’s grip on the private sector and the economy falters under persistent Covid lockdowns. In the latest development, Tencent shares worth $7.6 billion appeared in Hong Kong’s clearing and settlement system, typically a precursor to selling stock. Naspers Ltd. -- which invests via its Dutch unit Prosus NV -- is the most likely seller because it’s one of the few investors that can handle such a sizable transaction and it’s said it will sell Tencent to fund buybacks. That comes a month after Japan’s SoftBank Group Corp. said it unloaded an enormous slug of Alibaba, the e-commerce pioneer that had long been China’s most valuable company. SoftBank, under pressure from botched startup bets, raised more than $17 billion through the sale of forward contracts on the stock. Warren Buffett’s Berkshire Hathaway Inc. is trimming its stake in electric-vehicle maker BYD. The moves, taken together, represent a stunning retreat from China’s private sector by investors that had been fervent champions for decades. SoftBank founder Masayoshi Son famously invested about $20 million in Jack Ma’s Alibaba in 2000 and held through the dot-com bust and the Chinese company’s IPO in 2014. Naspers invested in Tencent in 2001, while Berkshire bought shares in BYD in 2008. “There’s a big question mark over the growth model of Chinese tech giants like Tencent and Alibaba,” said Ke Yan, analyst with Singapore-based DZT Research. “The government crackdown brought significant uncertainty.”
Queen Elizabeth II has died at the age of 96. Britain's longest-reigning monarch passed away peacefully at Balmoral Castle in Scotland, Buckingham Palace said. She marked 70 years of service earlier this year, spanning 15 prime ministers, the death of Princess Diana and the UK's exit from the EU. Her eldest son succeeds her as King Charles III, becoming at 73 the oldest person to accede to the throne in the country's history.
The newly crowned Queen Elizabeth II waves to the crowd from the balcony at Buckingham Palace, 1953.
The Royal family watch a flypast to mark the centenary of the Royal Air Force from the balcony of Buckingham Palace, in 2018.
A young Lilibet, as she was known, with two corgis at 145 Piccadily, her London home in 1936.
Bottom-line: 반격.
Russian troops fled in disarray as Ukrainian forces advanced in the Kharkiv region, with reports of Ukraine re-taking the strategically important town of Izyum and re-occupying more than 3,000 square kilometers (1,158 square miles) of territory. Volodymyr Zelenskiy said Russian shelling knocked out electricity in parts of eastern Ukraine. The last operating unit at the Zaporizhzhia nuclear power plant was safely shut down.
Russian troops fled in disarray as Ukrainian forces advanced in the Kharkiv region, with reports of Ukraine re-taking the strategically important town of Izyum and re-occupying more than 3,000 square kilometers (1,158 square miles) of territory. Volodymyr Zelenskiy said Russian shelling knocked out electricity in parts of eastern Ukraine. The last operating unit at the Zaporizhzhia nuclear power plant was safely shut down.
US stocks rose, extending last week's rally, as a NY Fed report ahead of Tuesday's CPI data buoyed optimism that inflation may be receding.
Bottom-line: 시진핑의 권력 장악이 연장될 것은 예상되지만, 십수년 간 지켜지며 수백명의 강제 퇴출과 다음 세대의 진출을 가능하게 했던 나이 제한을 어떻게 할 것인지 딜레마에 빠질 것으로 보임. 이 나이 제한을 모두에게 해제할 경우 그간 지켜 온 원칙을 어기는 것이 되고, 본인에게만 예외를 둘 경우 경험이 부족한 관료들이 본인은 보필하는 상황에서 대외적 도전에 대응해야 하기 때문임.
Chinese President Xi Jinping is widely expected to defy the Communist Party’s retirement norms by clinching a landmark third term in power next month. The question is whether the 69-year-old will rewrite the rules for others -- or just himself. The requirement that top leaders step down after age 68 has held without exception for two decades, according to a Bloomberg analysis of government data, even though party officials have dismissed the age limit as “folklore.” Hundreds of cadres have been forced to leave the party’s 200-plus member Central Committee in that time, allowing the next generation to take their seats. That presents a dilemma. By scrapping the age limit, Xi would lose a neutral selection criteria that has helped three generations of party leaders oust rivals and promote protégés. Enforcing it for everyone but himself -- a scenario that experts view as more likely -- would leave Xi surrounded by a plethora of younger officials who lack his experience at a time when China faces a range of challenges, including rising tensions with the US over Taiwan, a slowing economy and a spiraling property crisis.
Chinese President Xi Jinping is widely expected to defy the Communist Party’s retirement norms by clinching a landmark third term in power next month. The question is whether the 69-year-old will rewrite the rules for others -- or just himself. The requirement that top leaders step down after age 68 has held without exception for two decades, according to a Bloomberg analysis of government data, even though party officials have dismissed the age limit as “folklore.” Hundreds of cadres have been forced to leave the party’s 200-plus member Central Committee in that time, allowing the next generation to take their seats. That presents a dilemma. By scrapping the age limit, Xi would lose a neutral selection criteria that has helped three generations of party leaders oust rivals and promote protégés. Enforcing it for everyone but himself -- a scenario that experts view as more likely -- would leave Xi surrounded by a plethora of younger officials who lack his experience at a time when China faces a range of challenges, including rising tensions with the US over Taiwan, a slowing economy and a spiraling property crisis.
Bottom-line: 금일 물가지표는 중앙은행이 금리인상 결정을 하기 전 보게 되는 마지막 경제 데이터임.
This release -- the last big dose of economic data before the Federal Reserve convenes to weigh further interest-rate increases.
This release -- the last big dose of economic data before the Federal Reserve convenes to weigh further interest-rate increases.
Here’s a look at longer-run inflation expectations from the application, which are well anchored below 3%.
CPI is the third-most market-moving data for a major miss or beat in expectations, with the 10-year Treasury median move about 6 bps for a one-standard-deviation data beat or miss.