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华尔街日报

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软银(JP:9984):这家科技投资者在日本市场收盘后报告了70亿美元的净亏损。其股价在收盘前飙升14%,因为与AI相关的股票反弹。

SoftBank (JP:9984): The tech investor reported a $7 billion net loss after markets closed in Japan. Its shares jumped 14% before the close as AI-adjacent stocks rebounded.

英伟达(NVDA):这家芯片巨头的股价在盘前小幅上涨,此前该股昨日下跌,投资者继续消化一项调查的影响,该调查涉及CEO黄仁勋是否曾是中国的间谍目标。

Nvidia (NVDA): Shares of the chip giant ticked up premarket after yesterday’s slide, as investors continue to digest the impact of an investigation into whether CEO Jensen Huang was a spying target of China.

火箭实验室(RKLB):这家太空公司公布了收入的大幅增长,但其亏损扩大幅度超出了分析师的预期。其股价在盘前下滑。

Rocket Lab (RKLB): The space company posted a jump in revenue, but its loss widened more than analysts had expected. Its stock slid premarket.

沃达丰(UK:VOD):这家英国电信集团的股价小幅下跌,此前该公司上调了全年指引,但指出其德国业务存在疲软。

Vodafone (UK:VOD): Shares of the U.K. telecommunications group edged down after it raised its full-year guidance but called out weakness in its German business.

本田汽车(JP:7267):这家日本汽车制造商在东京市场收盘后上调了全年盈利指引。

Honda Motor (JP:7267): The Japanese carmaker raised its annual earnings guidance after markets closed in Tokyo.

美联储理事克里斯托弗·沃勒表示,他倾向于支持下个月加息25个基点,即使今天的通胀报告显示有所改善。

Federal Reserve governor Christopher Waller said he is leaning toward supporting a quarter-point interest-rate increase next month, even if today’s inflation report shows improvement.

他表示,如果数据迫使他改变这一计划,那将是采取更大幅度的加息,而不是完全不加息。

He signaled that if the data push him off that plan, it would be toward a larger move rather than no move at all.

沃勒在伦敦发表讲话,时间是劳工部预计发布10月消费者价格指数前几个小时。他说,如果核心通胀(即剔除波动较大的食品和能源价格)上涨约0.3%或更多,就像过去两个月每个月那样,美联储应考虑下个月加息半个百分点。在这种情况下,更传统的25个基点加息“将使我们的信誉面临风险,这是我不愿冒的风险”。

Waller spoke in London hours before the Labor Department is scheduled to release the October consumer price index. He said the Fed should consider raising rates next month by a half-percentage point if core inflation, which excludes volatile food and energy prices, rises around 0.3% or more, as it has in each of the past two months. A more traditional quarter-point move in that case “would put our credibility at risk, a risk I am not eager to take.”

他的基本情景则不那么激进。沃勒表示,他预计10月的月度通胀率将有所改善,如果确实如此,他将支持加息25个基点。不过,他对近期价格数据给出了直率的评估。“我们就直说吧。9月的通胀数据很糟糕。没有任何亮点,”他说。

His base case was less aggressive. Waller said he expected the monthly inflation rate to improve in October and that, if it did, he would favor a quarter-point increase. Still, he offered a blunt assessment of recent price data. “Let’s just say it. September’s inflation data were bad. There was no silver lining,” he said.

沃勒的观点今年随着数据起伏不定,他在9月初曾表示,在等待一份强于预期的8月通胀报告之前,可以考虑暂停加息。他在9月与同事一起投票支持加息,随后又在上个月投票支持维持利率不变。今天,他表示,由于市场已了解美联储计划继续加息,因此在连续会议上加息并无迫切必要。

Waller, whose views have oscillated with the data this year, had sounded open in early September to holding off on rate increases ahead of a firmer-than-expected August inflation report. He voted with his colleagues to raise rates in September and then to hold steady last month. Today, he said that because markets understood the Fed was planning to keep raising rates, there wasn’t a compelling need to hike at consecutive meetings.

英伟达没有董事长。根据Equilar的数据,罗素3000指数中只有约1%的上市公司具有这一特点。相反,首席执行官黄仁勋与董事会首席独立董事、前Cooley首席执行官斯蒂芬·尼尔共同制定董事会会议议程,决定董事获得哪些信息,并主持会议,这是英伟达的证券文件所显示的。

Nvidia has no chairman. Only about 1% of publicly traded companies in the Russell 3000 share that trait, according to Equilar. Instead, CEO Jensen Huang and the board’s lead director, former Cooley CEO Stephen Neal, together draw up the agenda for board meetings, determine what information directors receive and preside over the meetings, Nvidia’s securities filings indicate.

今天早上将公布的10月通胀数据与往常略有不同。原因在于去年秋季的联邦政府停摆。

The October inflation data due this morning will look a bit different from normal. Blame last fall's government shutdown.

大多数人熟悉的通胀率衡量的是过去一年价格上涨了多少。但12个月前,联邦办公室处于关闭状态。因此,2025年10月的价格从未被测量。

The inflation rate that most people are familiar with measures how much prices have climbed over the past year. But 12 months ago, federal offices were closed. So October 2025 prices were never measured.

结果是,劳工部无法报告10月的12个月通胀率。它仍将公布当前价格水平,该水平可与之前几个月进行比较。

As a result, the Labor Department won't be able to report a 12-month inflation rate for October. It will still give the current price level, which can be compared with previous months.

对华尔街交易员和经济学家而言,这基本上是照常营业,因为他们倾向于关注环比通胀率,该指标聚焦于价格最近的变化。预测人士预计,价格从9月到10月上涨了0.3%,或者剔除波动较大的食品和能源价格后上涨了0.2%。

For Wall Street traders and economists, it will largely be business as usual because they tend to focus on the month-over-month inflation rate, which zooms in on how prices changed most recently. Forecasters expect that prices rose by 0.3% from September to October, or 0.2% excluding volatile food and energy prices.

为了提供一个大约的10月通胀率,我们将自行估算,如果政府在2025年10月收集数据,消费者价格指数大概会高出多少。(供专业人士参考:我们计划取2025年9月和11月未经季节调整的CPI水平的几何平均值。)我们将以这一去年同期基准,在获得今天的数据后,对10月的同比价格变化作出粗略估计。9月份,官方12个月通胀率为3.7%,剔除食品和能源后为2.6%。

To offer an approximate October inflation rate, we will calculate our own estimate of roughly how high the consumer-price index probably would have been if the government had collected data in October 2025. (For the wonks: We plan to take the geometric average of the September 2025 and November 2025 CPI levels, not seasonally adjusted.) We will use this year-ago baseline to provide a rough estimate of October's year-over-year price change once we get today's data. In September, the official 12-month inflation rate was 3.7%, or 2.6% excluding food and energy.

但《华尔街日报》的经典标题通常会展示标准的通胀率,即过去12个月价格上涨的幅度。本周我们无法获得该数据。今天星期三星期四星期五

But classic WSJ headlines typically feature the standard inflation rate that shows how much prices rose over the past 12 months. We won't get that this week. Today Wednesday Thursday Friday

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