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11-10

$Tesla Motors(TSLA)$ Based on recent technical analysis and market outlook, Tesla's stock is not widely expected to hit $400 by the end of 2024. Tesla's price has been quite volatile this year, recently trading around $321, with analysts giving a consensus price target much lower than $400. The average 12-month price target from analysts is approximately $222, while the highest target is near $350, which suggests limited expectations for substantial upward movement in the near term. Several challenges contribute to this outlook. Tesla has faced increasing competition in the electric vehicle (EV) space, alongside regulatory concerns about its autonomous driving features. High interest rates and lower-than-expected earnings have also impacted

01-27

$TeraWulf Inc.(WULF)$ lol

2023-09-06

Great ariticle, would you like to share it?

@Meme_Tiger:🎁Feel that you have nothing to do when market won’t open today?

2023-08-29

All the best!

UP Fintech Reports Two-Year High 2023 Q2 Results

2023-08-20

Great ariticle, would you like to share it?

@OptionsBB:Options Spy: The market pressure is huge, Google 0DTE options volume bearish

2023-08-20

Great ariticle, would you like to share it?

@JC888:Don't Invest In Chinese Stocks, US Is "Better"?

2023-08-20

Great ariticle, would you like to share it?

@TigerOptions:🚨 VinFast's Volatile Debut Signals Dangers Amidst Excitement

2023-06-11

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@Tiger_comments:[9th Anniv. Quiz] Analysts Suggest Cautious As SPX. Entered Technical Bull Market

2023-06-08

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@TigerPicks:🎁 Growth Technology Stocks: Which One Will You Choose?

2023-01-30

$SoFi Technologies Inc.(SOFI)$

2023-01-26

$Tiger Brokers(TIGR)$

2023-01-20

$Tiger Brokers(TIGR)$ come on!

2023-01-20

$Tesla Motors(TSLA)$ oh

2022-12-28

$Tesla Motors(TSLA)$ oh

2022-12-07

$AMC Entertainment(AMC)$ lol

2022-11-23

$Tiger Brokers(TIGR)$ ggood

2022-11-15

Lol

Jeff Bezos Says He Will Give Most of His Money to Charity

2022-09-05

Ok

GameStop, Apple, Kroger, NIO, and Other Stocks for Investors to Watch This Week

2022-09-05

$NVIDIA Corp(NVDA)$hhaiz

2022-09-05

$Grab Holdings(GRAB)$

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> Based on recent technical analysis and market outlook, Tesla's stock is not widely expected to hit $400 by the end of 2024. Tesla's price has been quite volatile this year, recently trading around $321, with analysts giving a consensus price target much lower than $400. The average 12-month price target from analysts is approximately $222, while the highest target is near $350, which suggests limited expectations for substantial upward movement in the near term. Several challenges contribute to this outlook. Tesla has faced increasing competition in the electric vehicle (EV) space, alongside regulatory concerns about its autonomous driving features. High interest rates and lower-than-expected earnings have also impacted","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> Based on recent technical analysis and market outlook, Tesla's stock is not widely expected to hit $400 by the end of 2024. Tesla's price has been quite volatile this year, recently trading around $321, with analysts giving a consensus price target much lower than $400. The average 12-month price target from analysts is approximately $222, while the highest target is near $350, which suggests limited expectations for substantial upward movement in the near term. Several challenges contribute to this outlook. Tesla has faced increasing competition in the electric vehicle (EV) space, alongside regulatory concerns about its autonomous driving features. High interest rates and lower-than-expected earnings have also impacted","text":"$Tesla Motors(TSLA)$ Based on recent technical analysis and market outlook, Tesla's stock is not widely expected to hit $400 by the end of 2024. Tesla's price has been quite volatile this year, recently trading around $321, with analysts giving a consensus price target much lower than $400. The average 12-month price target from analysts is approximately $222, while the highest target is near $350, which suggests limited expectations for substantial upward movement in the near term. Several challenges contribute to this outlook. Tesla has faced increasing competition in the electric vehicle (EV) space, alongside regulatory concerns about its autonomous driving features. High interest rates and lower-than-expected earnings have also impacted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369296943849672","isVote":1,"tweetType":1,"viewCount":968,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":267307262415120,"gmtCreate":1706291637019,"gmtModify":1706291640355,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/WULF\">$TeraWulf Inc.(WULF)$ </a> lol","listText":"<a href=\"https://ttm.financial/S/WULF\">$TeraWulf Inc.(WULF)$ </a> lol","text":"$TeraWulf Inc.(WULF)$ lol","images":[{"img":"https://community-static.tradeup.com/news/14d9703e932e3934a11872b929e29e11","width":"898","height":"1475"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/267307262415120","isVote":1,"tweetType":1,"viewCount":567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":216802884214912,"gmtCreate":1693963893451,"gmtModify":1693963897378,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/216802884214912","repostId":"216308402921496","repostType":1,"repost":{"id":216308402921496,"gmtCreate":1693816855525,"gmtModify":1693818446306,"author":{"id":"10000000000010945","authorId":"10000000000010945","name":"Meme_Tiger","avatar":"https://community-static.tradeup.com/news/eb1a09788252e1f02cd561cbf0b1ac99","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"10000000000010945","authorIdStr":"10000000000010945"},"themes":[],"title":"🎁Feel that you have nothing to do when market won’t open today?","htmlText":"Share your memes with Meme_Tiger in the comment section and win tiger coins!Post image","listText":"Share your memes with Meme_Tiger in the comment section and win tiger coins!Post image","text":"Share your memes with Meme_Tiger in the comment section and win tiger coins!Post image","images":[{"img":"https://community-static.tradeup.com/news/e7c677b7b618738f7e97929ad55b1b2b","width":"640","height":"746"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/216308402921496","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":214137516847224,"gmtCreate":1693298285477,"gmtModify":1693298289622,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"All the best!","listText":"All the best!","text":"All the best!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214137516847224","repostId":"1181092236","repostType":2,"repost":{"id":"1181092236","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1693296206,"share":"https://ttm.financial/m/news/1181092236?lang=&edition=fundamental","pubTime":"2023-08-29 16:03","market":"us","language":"en","title":"UP Fintech Reports Two-Year High 2023 Q2 Results","url":"https://stock-news.laohu8.com/highlight/detail?id=1181092236","media":"Tiger Newspress","summary":"Revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increaseNon-GAAP profit soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ), achieving a two-year recor","content":"<html><head></head><body><ul><li><p>Revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increase</p></li><li><p style=\"text-align: left;\">Non-GAAP profit soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ), achieving a two-year record high.</p></li><li><p style=\"text-align: left;\">The launch of TigerGPT, an AI-powered investment assistant, in Singapore, New Zealand, Australia, and Hong Kong SAR, highlights the Company&#39;s commitment to cutting-edge fintech innovation.</p></li></ul><p style=\"text-align: left;\"><strong>Singapore and New York, Aug 29, 2023</strong> — UP Fintech Holding Limited (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), today announced its unaudited financial results for the second quarter ended June 30, 2023. Driven by a strategic global expansion and an unwavering commitment to fintech innovation, the Company&#39;s revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increase. The non-GAAP profit attributable to UP Fintech soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ) and nearly 3.4 times YoY, achieving a two-year record high, surpassing the previous year&#39;s total.</p><p style=\"text-align: left;\">During the second quarter, 58,582 new customer accounts were added to UP Fintech&#39;s global portfolio, bringing the total to 2.12 million. A total of 29,077 new customers with deposits (funded accounts) were added this quarter, elevating the total number of funded accounts to 840,931, marking a 15% increase YoY.</p><p style=\"text-align: left;\">The total trading volume by customers on the Company&#39;s platform reached US$65.1 billion during the second quarter, with US$19.3 billion attributed to stock trading. Additionally, 7.76 million options and futures contracts were traded by clients. Customer assets saw a significant increase, amounting to US$17.3 billion during the reporting period, a rise of 16.2% YoY. Moreover, the quarterly net asset inflow approached the substantial figure of US$1.6 billion, reflecting the strong trust and engagement the Company continues to foster within its client base.</p><p style=\"text-align: left;\"><strong>CEO highlights: strong performance, global expansion, and innovation</strong></p><p style=\"text-align: left;\">Wu Tianhua, CEO and founder of UP Fintech, said: &#34;The second quarter marked a period of gradual recovery in the overall market, and UP Fintech&#39;s performance mirrored this trend. Our revenue remained stable and showed encouraging improvement, culminating in a double-digit growth year-over-year. The non-GAAP net profit&#39;s significant growth, surpassing the total of the previous year, underscores our strong financial position.</p><p style=\"text-align: left;\">&#34;In the realm of international expansion, we are proud to report robust growth in our global customers with deposits. With nearly 60,000 funded clients acquired in the first half, we&#39;ve surpassed the halfway mark of our ambitious 100,000 new customer target for the year. Our strategic launch of diverse wealth management products in pivotal markets such as Singapore and Hong Kong has resonated well with our clientele. These initiatives offer more financial choices in an unpredictable market landscape. Separately, Australia&#39;s record growth underscores our global expansion success.</p><p style=\"text-align: left;\">&#34;As for product innovation, the second quarter saw the significant launch of our Hong Kong stock AIP (automatic investment plan). This positions Tiger Trade as one of the few platforms offering the AIP feature in both Hong Kong and U.S. stocks. By enabling small-amount investors to access high-priced stocks of premium companies, we have further democratized investment opportunities and broadened our reach.</p><p style=\"text-align: left;\">&#34;Looking to the future, our commitment to product and technological innovation remains unwavering. We will continue to fortify our leading positions in existing markets through quality financial services, streamline operations, and enhance efficiency. Our confidence in this strategic direction is steadfast, and we believe it will fuel sustainable growth, forging greater value for our customers and shareholders alike.&#34;</p><p style=\"text-align: left;\"><strong>Singapore: services introduced for high-net-worth clients</strong><br/><strong>Hong Kong, Australia: broadened product portfolio</strong></p><p style=\"text-align: left;\">In the second quarter, the Company further strengthened its presence in Singapore, a key strategic market. The Capital Market Services License (LMS) from the Monetary Authority of Singapore was obtained, followed by the subsequent launch of Tiger Fund Management (TFM) services.</p><p style=\"text-align: left;\">Targeting Singapore-centric investment themes such as Real Estate Investment Trusts (REITs), banking, and technology, TFM aims to secure long-term returns for high-net-worth clients. This initiative enhances the firm&#39;s wealth management capabilities in Singapore, where a remarkable monthly sequential growth rate in fund sales of up to 43% was observed during the quarter.</p><p style=\"text-align: left;\">Celebrating the Company&#39;s ninth anniversary, a series of offline events were hosted across Singapore&#39;s business districts, attracting over 10,000 participants and strengthening connections with clients.</p><p style=\"text-align: left;\">The Hong Kong market experienced significant growth in Q2, with new funded account numbers nearly tripling sequentially. The product portfolio was expanded, adding Hong Kong Hang Seng Index futures and global futures.  This quarter also marked the introduction of Tiger Vault, a cash management service featuring Hong Kong dollar and U.S. dollar money market funds. With a daily average yield of over US$ 1.3 per US$ 10,000 investment*, these innovative funds have outperformed similar products in Hong Kong. Creative marketing efforts, including themed vehicles, resonated with the public, enhancing brand awareness and appeal.</p><p style=\"text-align: left;\">The number of funding customers in Australia reached a record high in the quarter, nearly doubling sequentially. An innovative uninvested cash interest service, with a U.S. dollar annual interest rate of up to 3.25%, received widespread acclaim, reflecting our commitment to benefiting customers. Recognition also came through awards such as the 2023 Outstanding Value Award from Canstar and the 2023 Expert&#39;s Choice from Mozo.</p><p style=\"text-align: left;\">In New Zealand, the company collaborated with Massey University and the University of Otago to extend educational initiatives, promoting financial literacy through simulated trading activities and special lectures.</p><p style=\"text-align: left;\"><strong>Hong Kong stock AIP launched with investment threshold at HK$500</strong></p><p style=\"text-align: left;\"><strong>TigerGPT officially unveiled in Singapore, New Zealand, Australia, and Hong Kong</strong></p><p style=\"text-align: left;\">In the second quarter, commission income reached US$22.0 million, and interest-related income climbed to US$39.3 million, marking a QoQ increase of approximately 5%. This financial performance coincides with the Company&#39;s ongoing commitment to innovation, demonstrated by the introduction of transformative features such as the Hong Kong stock automatic investment plan (AIP) and the AI-powered investment assistant, TigerGPT.</p><p style=\"text-align: left;\">The introduction of the Hong Kong stock AIP lowers the entry threshold to the Hong Kong stock market to just HKD 500. With flexible investment plans available on a weekly, bi-weekly, or monthly basis, the Company is democratizing investment, leading the industry with unparalleled accessibility and adaptability.</p><p style=\"text-align: left;\">TigerGPT, following a successful beta testing, was officially unveiled to users in Singapore, New Zealand, Australia, and Hong Kong. TigerGPT&#39;s multi-round dialogue system delivers personalized content, enabling investors to rapidly access individual stock insights, distill key points from earnings calls, gauge market trends, and discern investor sentiment. This innovation significantly amplifies investment research efficiency and is seamlessly integrated with individual stock targets, alerting users to abnormal trading patterns or significant market events.</p><p style=\"text-align: left;\">The Company&#39;s wealth management business also saw robust growth, with a quarter-over-quarter increase of 41% in assets under management (AUM) and a 29% growth in users. The cash management product, &#34;Tiger Vault,&#34; experienced a 44% surge in AUM and a 36% growth in users. Tiger Vault&#39;s unique ability to directly purchase stocks, options, funds, and IPO subscriptions offers customers a seamless and integrated investment experience. Notably, around 17% of new customers who funded their accounts this quarter have included wealth management products in their portfolios.</p><p style=\"text-align: left;\"><strong>UP Fintech in top three for Hong Kong stock underwriting</strong><br/><strong>ESOP Client Engagement further strengthened</strong></p><p style=\"text-align: left;\">During the reporting period, the Company&#39;s other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), amounted to US$4.8 million.</p><p style=\"text-align: left;\">In the U.S., the Company&#39;s investment banking division acted as the exclusive lead underwriter for Ispire Technology Lmt.&#39;s IPO. Meanwhile, in Hong Kong, the Company underwrote six IPO projects during the quarter. Having underwritten 13 Hong Kong stock IPOs in the first half of the year, the Company now ranks among the top three for Hong Kong stock underwriting, confirmed by third-party data provider Wind.</p><p style=\"text-align: left;\">On the ESOP front, the Company&#39;s brand UponeShare welcomed 30 new corporate clients during the quarter, elevating the total number of corporate clients to 478, a 31.3% increase YoY. The second quarter witnessed a substantial YoY growth in repurchase rate, exceeding 2.6 times, and a 15.7% QoQ growth, reinforcing client engagement.</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\">*Example based on underlying Bosera USD Money Market Fund A shares. During 2023 Q2, the fund&#39;s recent 7-day average yield per US$10,000 exceeded US$1.3. Past performance data from a third party does not predict future performance.</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"><strong><u>About UP Fintech</u></strong></p><p style=\"text-align: left;\">UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage firm with a focus on redefining global investing with technologies for the next generation.</p><p style=\"text-align: left;\">Founded in 2014, the Company relentlessly offers superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.<br/>UP Fintech strives to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p style=\"text-align: left;\">In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and more than 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 70 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and Mainland China.<br/>For more information about UP Fintech as a Company, please visit itigerup.com.<br/>For media inquiries, please contact press@itiger.com</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"><strong><u>Safe Harbor Statement</u></strong></p><p style=\"text-align: left;\">This announcement contains forward−looking statements. These statements are made under the &#34;safe harbor&#34; provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as &#34;may,&#34; &#34;might,&#34; &#34;aim,&#34; &#34;likely to,&#34; &#34;will,&#34; &#34;expects,&#34; &#34;anticipates,&#34; &#34;future,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;believes,&#34; &#34;estimates&#34; and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company&#39;s strategic and operational plans, and expectations regarding growth, expansion of its business lines and customer acquisition, and the Company’s plans for future financing of its business, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company&#39;s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company&#39;s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company&#39;s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company&#39;s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC, including the Company&#39;s annual report on Form 20-F filed with the SEC on April 26, 2023. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC.</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\"> </p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UP Fintech Reports Two-Year High 2023 Q2 Results</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\">\nUP Fintech Reports Two-Year High 2023 Q2 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-08-29 16:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li><p>Revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increase</p></li><li><p style=\"text-align: left;\">Non-GAAP profit soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ), achieving a two-year record high.</p></li><li><p style=\"text-align: left;\">The launch of TigerGPT, an AI-powered investment assistant, in Singapore, New Zealand, Australia, and Hong Kong SAR, highlights the Company&#39;s commitment to cutting-edge fintech innovation.</p></li></ul><p style=\"text-align: left;\"><strong>Singapore and New York, Aug 29, 2023</strong> — UP Fintech Holding Limited (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), today announced its unaudited financial results for the second quarter ended June 30, 2023. Driven by a strategic global expansion and an unwavering commitment to fintech innovation, the Company&#39;s revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increase. The non-GAAP profit attributable to UP Fintech soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ) and nearly 3.4 times YoY, achieving a two-year record high, surpassing the previous year&#39;s total.</p><p style=\"text-align: left;\">During the second quarter, 58,582 new customer accounts were added to UP Fintech&#39;s global portfolio, bringing the total to 2.12 million. A total of 29,077 new customers with deposits (funded accounts) were added this quarter, elevating the total number of funded accounts to 840,931, marking a 15% increase YoY.</p><p style=\"text-align: left;\">The total trading volume by customers on the Company&#39;s platform reached US$65.1 billion during the second quarter, with US$19.3 billion attributed to stock trading. Additionally, 7.76 million options and futures contracts were traded by clients. Customer assets saw a significant increase, amounting to US$17.3 billion during the reporting period, a rise of 16.2% YoY. Moreover, the quarterly net asset inflow approached the substantial figure of US$1.6 billion, reflecting the strong trust and engagement the Company continues to foster within its client base.</p><p style=\"text-align: left;\"><strong>CEO highlights: strong performance, global expansion, and innovation</strong></p><p style=\"text-align: left;\">Wu Tianhua, CEO and founder of UP Fintech, said: &#34;The second quarter marked a period of gradual recovery in the overall market, and UP Fintech&#39;s performance mirrored this trend. Our revenue remained stable and showed encouraging improvement, culminating in a double-digit growth year-over-year. The non-GAAP net profit&#39;s significant growth, surpassing the total of the previous year, underscores our strong financial position.</p><p style=\"text-align: left;\">&#34;In the realm of international expansion, we are proud to report robust growth in our global customers with deposits. With nearly 60,000 funded clients acquired in the first half, we&#39;ve surpassed the halfway mark of our ambitious 100,000 new customer target for the year. Our strategic launch of diverse wealth management products in pivotal markets such as Singapore and Hong Kong has resonated well with our clientele. These initiatives offer more financial choices in an unpredictable market landscape. Separately, Australia&#39;s record growth underscores our global expansion success.</p><p style=\"text-align: left;\">&#34;As for product innovation, the second quarter saw the significant launch of our Hong Kong stock AIP (automatic investment plan). This positions Tiger Trade as one of the few platforms offering the AIP feature in both Hong Kong and U.S. stocks. By enabling small-amount investors to access high-priced stocks of premium companies, we have further democratized investment opportunities and broadened our reach.</p><p style=\"text-align: left;\">&#34;Looking to the future, our commitment to product and technological innovation remains unwavering. We will continue to fortify our leading positions in existing markets through quality financial services, streamline operations, and enhance efficiency. Our confidence in this strategic direction is steadfast, and we believe it will fuel sustainable growth, forging greater value for our customers and shareholders alike.&#34;</p><p style=\"text-align: left;\"><strong>Singapore: services introduced for high-net-worth clients</strong><br/><strong>Hong Kong, Australia: broadened product portfolio</strong></p><p style=\"text-align: left;\">In the second quarter, the Company further strengthened its presence in Singapore, a key strategic market. The Capital Market Services License (LMS) from the Monetary Authority of Singapore was obtained, followed by the subsequent launch of Tiger Fund Management (TFM) services.</p><p style=\"text-align: left;\">Targeting Singapore-centric investment themes such as Real Estate Investment Trusts (REITs), banking, and technology, TFM aims to secure long-term returns for high-net-worth clients. This initiative enhances the firm&#39;s wealth management capabilities in Singapore, where a remarkable monthly sequential growth rate in fund sales of up to 43% was observed during the quarter.</p><p style=\"text-align: left;\">Celebrating the Company&#39;s ninth anniversary, a series of offline events were hosted across Singapore&#39;s business districts, attracting over 10,000 participants and strengthening connections with clients.</p><p style=\"text-align: left;\">The Hong Kong market experienced significant growth in Q2, with new funded account numbers nearly tripling sequentially. The product portfolio was expanded, adding Hong Kong Hang Seng Index futures and global futures.  This quarter also marked the introduction of Tiger Vault, a cash management service featuring Hong Kong dollar and U.S. dollar money market funds. With a daily average yield of over US$ 1.3 per US$ 10,000 investment*, these innovative funds have outperformed similar products in Hong Kong. Creative marketing efforts, including themed vehicles, resonated with the public, enhancing brand awareness and appeal.</p><p style=\"text-align: left;\">The number of funding customers in Australia reached a record high in the quarter, nearly doubling sequentially. An innovative uninvested cash interest service, with a U.S. dollar annual interest rate of up to 3.25%, received widespread acclaim, reflecting our commitment to benefiting customers. Recognition also came through awards such as the 2023 Outstanding Value Award from Canstar and the 2023 Expert&#39;s Choice from Mozo.</p><p style=\"text-align: left;\">In New Zealand, the company collaborated with Massey University and the University of Otago to extend educational initiatives, promoting financial literacy through simulated trading activities and special lectures.</p><p style=\"text-align: left;\"><strong>Hong Kong stock AIP launched with investment threshold at HK$500</strong></p><p style=\"text-align: left;\"><strong>TigerGPT officially unveiled in Singapore, New Zealand, Australia, and Hong Kong</strong></p><p style=\"text-align: left;\">In the second quarter, commission income reached US$22.0 million, and interest-related income climbed to US$39.3 million, marking a QoQ increase of approximately 5%. This financial performance coincides with the Company&#39;s ongoing commitment to innovation, demonstrated by the introduction of transformative features such as the Hong Kong stock automatic investment plan (AIP) and the AI-powered investment assistant, TigerGPT.</p><p style=\"text-align: left;\">The introduction of the Hong Kong stock AIP lowers the entry threshold to the Hong Kong stock market to just HKD 500. With flexible investment plans available on a weekly, bi-weekly, or monthly basis, the Company is democratizing investment, leading the industry with unparalleled accessibility and adaptability.</p><p style=\"text-align: left;\">TigerGPT, following a successful beta testing, was officially unveiled to users in Singapore, New Zealand, Australia, and Hong Kong. TigerGPT&#39;s multi-round dialogue system delivers personalized content, enabling investors to rapidly access individual stock insights, distill key points from earnings calls, gauge market trends, and discern investor sentiment. This innovation significantly amplifies investment research efficiency and is seamlessly integrated with individual stock targets, alerting users to abnormal trading patterns or significant market events.</p><p style=\"text-align: left;\">The Company&#39;s wealth management business also saw robust growth, with a quarter-over-quarter increase of 41% in assets under management (AUM) and a 29% growth in users. The cash management product, &#34;Tiger Vault,&#34; experienced a 44% surge in AUM and a 36% growth in users. Tiger Vault&#39;s unique ability to directly purchase stocks, options, funds, and IPO subscriptions offers customers a seamless and integrated investment experience. Notably, around 17% of new customers who funded their accounts this quarter have included wealth management products in their portfolios.</p><p style=\"text-align: left;\"><strong>UP Fintech in top three for Hong Kong stock underwriting</strong><br/><strong>ESOP Client Engagement further strengthened</strong></p><p style=\"text-align: left;\">During the reporting period, the Company&#39;s other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), amounted to US$4.8 million.</p><p style=\"text-align: left;\">In the U.S., the Company&#39;s investment banking division acted as the exclusive lead underwriter for Ispire Technology Lmt.&#39;s IPO. Meanwhile, in Hong Kong, the Company underwrote six IPO projects during the quarter. Having underwritten 13 Hong Kong stock IPOs in the first half of the year, the Company now ranks among the top three for Hong Kong stock underwriting, confirmed by third-party data provider Wind.</p><p style=\"text-align: left;\">On the ESOP front, the Company&#39;s brand UponeShare welcomed 30 new corporate clients during the quarter, elevating the total number of corporate clients to 478, a 31.3% increase YoY. The second quarter witnessed a substantial YoY growth in repurchase rate, exceeding 2.6 times, and a 15.7% QoQ growth, reinforcing client engagement.</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\">*Example based on underlying Bosera USD Money Market Fund A shares. During 2023 Q2, the fund&#39;s recent 7-day average yield per US$10,000 exceeded US$1.3. Past performance data from a third party does not predict future performance.</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"><strong><u>About UP Fintech</u></strong></p><p style=\"text-align: left;\">UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage firm with a focus on redefining global investing with technologies for the next generation.</p><p style=\"text-align: left;\">Founded in 2014, the Company relentlessly offers superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.<br/>UP Fintech strives to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p style=\"text-align: left;\">In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and more than 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 70 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and Mainland China.<br/>For more information about UP Fintech as a Company, please visit itigerup.com.<br/>For media inquiries, please contact press@itiger.com</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"><strong><u>Safe Harbor Statement</u></strong></p><p style=\"text-align: left;\">This announcement contains forward−looking statements. These statements are made under the &#34;safe harbor&#34; provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as &#34;may,&#34; &#34;might,&#34; &#34;aim,&#34; &#34;likely to,&#34; &#34;will,&#34; &#34;expects,&#34; &#34;anticipates,&#34; &#34;future,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;believes,&#34; &#34;estimates&#34; and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company&#39;s strategic and operational plans, and expectations regarding growth, expansion of its business lines and customer acquisition, and the Company’s plans for future financing of its business, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company&#39;s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company&#39;s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company&#39;s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company&#39;s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC, including the Company&#39;s annual report on Form 20-F filed with the SEC on April 26, 2023. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC.</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\"> </p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181092236","content_text":"Revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increaseNon-GAAP profit soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ), achieving a two-year record high.The launch of TigerGPT, an AI-powered investment assistant, in Singapore, New Zealand, Australia, and Hong Kong SAR, highlights the Company's commitment to cutting-edge fintech innovation.Singapore and New York, Aug 29, 2023 — UP Fintech Holding Limited (\"UP Fintech\" or the \"Company\", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), today announced its unaudited financial results for the second quarter ended June 30, 2023. Driven by a strategic global expansion and an unwavering commitment to fintech innovation, the Company's revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increase. The non-GAAP profit attributable to UP Fintech soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ) and nearly 3.4 times YoY, achieving a two-year record high, surpassing the previous year's total.During the second quarter, 58,582 new customer accounts were added to UP Fintech's global portfolio, bringing the total to 2.12 million. A total of 29,077 new customers with deposits (funded accounts) were added this quarter, elevating the total number of funded accounts to 840,931, marking a 15% increase YoY.The total trading volume by customers on the Company's platform reached US$65.1 billion during the second quarter, with US$19.3 billion attributed to stock trading. Additionally, 7.76 million options and futures contracts were traded by clients. Customer assets saw a significant increase, amounting to US$17.3 billion during the reporting period, a rise of 16.2% YoY. Moreover, the quarterly net asset inflow approached the substantial figure of US$1.6 billion, reflecting the strong trust and engagement the Company continues to foster within its client base.CEO highlights: strong performance, global expansion, and innovationWu Tianhua, CEO and founder of UP Fintech, said: \"The second quarter marked a period of gradual recovery in the overall market, and UP Fintech's performance mirrored this trend. Our revenue remained stable and showed encouraging improvement, culminating in a double-digit growth year-over-year. The non-GAAP net profit's significant growth, surpassing the total of the previous year, underscores our strong financial position.\"In the realm of international expansion, we are proud to report robust growth in our global customers with deposits. With nearly 60,000 funded clients acquired in the first half, we've surpassed the halfway mark of our ambitious 100,000 new customer target for the year. Our strategic launch of diverse wealth management products in pivotal markets such as Singapore and Hong Kong has resonated well with our clientele. These initiatives offer more financial choices in an unpredictable market landscape. Separately, Australia's record growth underscores our global expansion success.\"As for product innovation, the second quarter saw the significant launch of our Hong Kong stock AIP (automatic investment plan). This positions Tiger Trade as one of the few platforms offering the AIP feature in both Hong Kong and U.S. stocks. By enabling small-amount investors to access high-priced stocks of premium companies, we have further democratized investment opportunities and broadened our reach.\"Looking to the future, our commitment to product and technological innovation remains unwavering. We will continue to fortify our leading positions in existing markets through quality financial services, streamline operations, and enhance efficiency. Our confidence in this strategic direction is steadfast, and we believe it will fuel sustainable growth, forging greater value for our customers and shareholders alike.\"Singapore: services introduced for high-net-worth clientsHong Kong, Australia: broadened product portfolioIn the second quarter, the Company further strengthened its presence in Singapore, a key strategic market. The Capital Market Services License (LMS) from the Monetary Authority of Singapore was obtained, followed by the subsequent launch of Tiger Fund Management (TFM) services.Targeting Singapore-centric investment themes such as Real Estate Investment Trusts (REITs), banking, and technology, TFM aims to secure long-term returns for high-net-worth clients. This initiative enhances the firm's wealth management capabilities in Singapore, where a remarkable monthly sequential growth rate in fund sales of up to 43% was observed during the quarter.Celebrating the Company's ninth anniversary, a series of offline events were hosted across Singapore's business districts, attracting over 10,000 participants and strengthening connections with clients.The Hong Kong market experienced significant growth in Q2, with new funded account numbers nearly tripling sequentially. The product portfolio was expanded, adding Hong Kong Hang Seng Index futures and global futures.  This quarter also marked the introduction of Tiger Vault, a cash management service featuring Hong Kong dollar and U.S. dollar money market funds. With a daily average yield of over US$ 1.3 per US$ 10,000 investment*, these innovative funds have outperformed similar products in Hong Kong. Creative marketing efforts, including themed vehicles, resonated with the public, enhancing brand awareness and appeal.The number of funding customers in Australia reached a record high in the quarter, nearly doubling sequentially. An innovative uninvested cash interest service, with a U.S. dollar annual interest rate of up to 3.25%, received widespread acclaim, reflecting our commitment to benefiting customers. Recognition also came through awards such as the 2023 Outstanding Value Award from Canstar and the 2023 Expert's Choice from Mozo.In New Zealand, the company collaborated with Massey University and the University of Otago to extend educational initiatives, promoting financial literacy through simulated trading activities and special lectures.Hong Kong stock AIP launched with investment threshold at HK$500TigerGPT officially unveiled in Singapore, New Zealand, Australia, and Hong KongIn the second quarter, commission income reached US$22.0 million, and interest-related income climbed to US$39.3 million, marking a QoQ increase of approximately 5%. This financial performance coincides with the Company's ongoing commitment to innovation, demonstrated by the introduction of transformative features such as the Hong Kong stock automatic investment plan (AIP) and the AI-powered investment assistant, TigerGPT.The introduction of the Hong Kong stock AIP lowers the entry threshold to the Hong Kong stock market to just HKD 500. With flexible investment plans available on a weekly, bi-weekly, or monthly basis, the Company is democratizing investment, leading the industry with unparalleled accessibility and adaptability.TigerGPT, following a successful beta testing, was officially unveiled to users in Singapore, New Zealand, Australia, and Hong Kong. TigerGPT's multi-round dialogue system delivers personalized content, enabling investors to rapidly access individual stock insights, distill key points from earnings calls, gauge market trends, and discern investor sentiment. This innovation significantly amplifies investment research efficiency and is seamlessly integrated with individual stock targets, alerting users to abnormal trading patterns or significant market events.The Company's wealth management business also saw robust growth, with a quarter-over-quarter increase of 41% in assets under management (AUM) and a 29% growth in users. The cash management product, \"Tiger Vault,\" experienced a 44% surge in AUM and a 36% growth in users. Tiger Vault's unique ability to directly purchase stocks, options, funds, and IPO subscriptions offers customers a seamless and integrated investment experience. Notably, around 17% of new customers who funded their accounts this quarter have included wealth management products in their portfolios.UP Fintech in top three for Hong Kong stock underwritingESOP Client Engagement further strengthenedDuring the reporting period, the Company's other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), amounted to US$4.8 million.In the U.S., the Company's investment banking division acted as the exclusive lead underwriter for Ispire Technology Lmt.'s IPO. Meanwhile, in Hong Kong, the Company underwrote six IPO projects during the quarter. Having underwritten 13 Hong Kong stock IPOs in the first half of the year, the Company now ranks among the top three for Hong Kong stock underwriting, confirmed by third-party data provider Wind.On the ESOP front, the Company's brand UponeShare welcomed 30 new corporate clients during the quarter, elevating the total number of corporate clients to 478, a 31.3% increase YoY. The second quarter witnessed a substantial YoY growth in repurchase rate, exceeding 2.6 times, and a 15.7% QoQ growth, reinforcing client engagement. *Example based on underlying Bosera USD Money Market Fund A shares. During 2023 Q2, the fund's recent 7-day average yield per US$10,000 exceeded US$1.3. Past performance data from a third party does not predict future performance. About UP FintechUP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage firm with a focus on redefining global investing with technologies for the next generation.Founded in 2014, the Company relentlessly offers superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.UP Fintech strives to elevate financial technology R&D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and more than 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 70 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and Mainland China.For more information about UP Fintech as a Company, please visit itigerup.com.For media inquiries, please contact press@itiger.com Safe Harbor StatementThis announcement contains forward−looking statements. These statements are made under the \"safe harbor\" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as \"may,\" \"might,\" \"aim,\" \"likely to,\" \"will,\" \"expects,\" \"anticipates,\" \"future,\" \"intends,\" \"plans,\" \"believes,\" \"estimates\" and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company's strategic and operational plans, and expectations regarding growth, expansion of its business lines and customer acquisition, and the Company’s plans for future financing of its business, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (\"SEC\") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company's ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company's revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company's industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company's filings with the SEC, including the Company's annual report on Form 20-F filed with the SEC on April 26, 2023. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company's filings with the SEC.","news_type":1},"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":210862880825464,"gmtCreate":1692505045561,"gmtModify":1692505048702,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210862880825464","repostId":"210298268319776","repostType":1,"repost":{"id":210298268319776,"gmtCreate":1692365935270,"gmtModify":1692366134194,"author":{"id":"3527667645834579","authorId":"3527667645834579","name":"OptionsBB","avatar":"https://community-static.tradeup.com/news/d77352af64bc1f2e2b196137b6c9a363","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667645834579","authorIdStr":"3527667645834579"},"themes":[],"title":"Options Spy: The market pressure is huge, Google 0DTE options volume bearish","htmlText":"The Labor Department said on Thursday that initial claims for state unemployment benefits rose to an adjusted 239,000 last week, below market expectations of 240,000 and down from a revised 250,000. The number of people continuing to collect unemployment benefits last week came in at 1.716 million, below market expectations of 1.7 million and up from 1.84 million. Overall, the job market remains resilient.In political and economic news, minutes of the Federal Reserve's July meeting released on Wednesday showed that most officials pointed to significant upside risks to inflation that could warrant further tightening of monetary policy, and the market expects Fed Chair Jerome Bauer to make similar comments at the annual meeting of global central banks next week.Markets await next week's annu","listText":"The Labor Department said on Thursday that initial claims for state unemployment benefits rose to an adjusted 239,000 last week, below market expectations of 240,000 and down from a revised 250,000. The number of people continuing to collect unemployment benefits last week came in at 1.716 million, below market expectations of 1.7 million and up from 1.84 million. Overall, the job market remains resilient.In political and economic news, minutes of the Federal Reserve's July meeting released on Wednesday showed that most officials pointed to significant upside risks to inflation that could warrant further tightening of monetary policy, and the market expects Fed Chair Jerome Bauer to make similar comments at the annual meeting of global central banks next week.Markets await next week's annu","text":"The Labor Department said on Thursday that initial claims for state unemployment benefits rose to an adjusted 239,000 last week, below market expectations of 240,000 and down from a revised 250,000. The number of people continuing to collect unemployment benefits last week came in at 1.716 million, below market expectations of 1.7 million and up from 1.84 million. Overall, the job market remains resilient.In political and economic news, minutes of the Federal Reserve's July meeting released on Wednesday showed that most officials pointed to significant upside risks to inflation that could warrant further tightening of monetary policy, and the market expects Fed Chair Jerome Bauer to make similar comments at the annual meeting of global central banks next week.Markets await next week's annu","images":[{"img":"https://static.tigerbbs.com/5a4a8607f1154737f031a1345f7a7607","width":"2318","height":"734"},{"img":"https://static.tigerbbs.com/15d5135358722d6793bc747079cd98dd","width":"2318","height":"1042"},{"img":"https://static.tigerbbs.com/62bbfebb8faa72e8e427328c282c913c","width":"2296","height":"1346"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210298268319776","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":210863494672488,"gmtCreate":1692505037464,"gmtModify":1692505040521,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210863494672488","repostId":"210336806436928","repostType":1,"repost":{"id":210336806436928,"gmtCreate":1692376538729,"gmtModify":1692376656525,"author":{"id":"3570103090255456","authorId":"3570103090255456","name":"JC888","avatar":"https://community-static.tradeup.com/news/f3e3c0218599fca5c4e265ddbee1fb32","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570103090255456","authorIdStr":"3570103090255456"},"themes":[],"title":"Don't Invest In Chinese Stocks, US Is \"Better\"?","htmlText":"I think it is really risky to invest in Chinese stocks in the current climate. There I said it! When I mention “Chinese stocks”, I refer to stocks from both China and Hong Kong exchanges. Both China and Hong Kong economies are in a doldrum to put it mildly. This alone makes investment risky, when any economy is faltering due to many reasons. If you have been keeping up with the news coming out from China, you will concur too. (1) Property Market Crisis. China property market is facing a major crisis. Many developers (state backed and private) are roiling the nation’s dollar-bond market and adding to concerns about the health of China, the world’s second-largest economy. This includes Country Garden (latest developer) seeking delay payment (for another 3 years) on a private onshore bond for","listText":"I think it is really risky to invest in Chinese stocks in the current climate. There I said it! When I mention “Chinese stocks”, I refer to stocks from both China and Hong Kong exchanges. Both China and Hong Kong economies are in a doldrum to put it mildly. This alone makes investment risky, when any economy is faltering due to many reasons. If you have been keeping up with the news coming out from China, you will concur too. (1) Property Market Crisis. China property market is facing a major crisis. Many developers (state backed and private) are roiling the nation’s dollar-bond market and adding to concerns about the health of China, the world’s second-largest economy. This includes Country Garden (latest developer) seeking delay payment (for another 3 years) on a private onshore bond for","text":"I think it is really risky to invest in Chinese stocks in the current climate. There I said it! When I mention “Chinese stocks”, I refer to stocks from both China and Hong Kong exchanges. Both China and Hong Kong economies are in a doldrum to put it mildly. This alone makes investment risky, when any economy is faltering due to many reasons. If you have been keeping up with the news coming out from China, you will concur too. (1) Property Market Crisis. China property market is facing a major crisis. Many developers (state backed and private) are roiling the nation’s dollar-bond market and adding to concerns about the health of China, the world’s second-largest economy. This includes Country Garden (latest developer) seeking delay payment (for another 3 years) on a private onshore bond for","images":[{"img":"https://community-static.tradeup.com/news/f4ad72e80ca9e9bc6e911084d7e95b2a","width":"1796","height":"308"},{"img":"https://community-static.tradeup.com/news/6388262c0912af43ef1f1228baec6bd6","width":"1252","height":"211"},{"img":"https://community-static.tradeup.com/news/65a02fc1fa73dde4f355891b4577d428","width":"808","height":"139"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210336806436928","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":15,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":210863385440416,"gmtCreate":1692505025821,"gmtModify":1692505029013,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210863385440416","repostId":"210657746620640","repostType":1,"repost":{"id":210657746620640,"gmtCreate":1692454917290,"gmtModify":1692455092248,"author":{"id":"3572212908677301","authorId":"3572212908677301","name":"TigerOptions","avatar":"https://community-static.tradeup.com/news/20925853481806adc78dcdfe25f2fe89","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572212908677301","authorIdStr":"3572212908677301"},"themes":[],"title":"🚨 VinFast's Volatile Debut Signals Dangers Amidst Excitement","htmlText":"The electric vehicle (EV) industry is undeniably one of the most promising sectors in today's market, with companies racing to secure their place in the future of transportation. Amidst this fervor, <a href=\"https://ttm.financial/S/VFS\">$VinFast Auto(VFS)$</a>, a Vietnamese electric automaker, made a grand entrance onto the Nasdaq, sending shockwaves through the financial world. However, as the dust settles, concerns emerge about the company's rapid rise and the potential dangers that lie beneath. VinFast began trading on the Nasdaq Tuesday. VinFast's debut was nothing short of spectacular. The company surged an astounding 255% on a trading day, capturing attention and amassing a market capitalization that momentarily surpassed established giants like <a href=\"https://ttm.financial/S/GM\">$</a>","listText":"The electric vehicle (EV) industry is undeniably one of the most promising sectors in today's market, with companies racing to secure their place in the future of transportation. Amidst this fervor, <a href=\"https://ttm.financial/S/VFS\">$VinFast Auto(VFS)$</a>, a Vietnamese electric automaker, made a grand entrance onto the Nasdaq, sending shockwaves through the financial world. However, as the dust settles, concerns emerge about the company's rapid rise and the potential dangers that lie beneath. VinFast began trading on the Nasdaq Tuesday. VinFast's debut was nothing short of spectacular. The company surged an astounding 255% on a trading day, capturing attention and amassing a market capitalization that momentarily surpassed established giants like <a href=\"https://ttm.financial/S/GM\">$</a>","text":"The electric vehicle (EV) industry is undeniably one of the most promising sectors in today's market, with companies racing to secure their place in the future of transportation. Amidst this fervor, $VinFast Auto(VFS)$, a Vietnamese electric automaker, made a grand entrance onto the Nasdaq, sending shockwaves through the financial world. However, as the dust settles, concerns emerge about the company's rapid rise and the potential dangers that lie beneath. VinFast began trading on the Nasdaq Tuesday. VinFast's debut was nothing short of spectacular. The company surged an astounding 255% on a trading day, capturing attention and amassing a market capitalization that momentarily surpassed established giants like $","images":[{"img":"https://community-static.tradeup.com/news/3b6c65dfc9e1f0aa64750864e7c13d97","width":"591","height":"440"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210657746620640","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186062071894112,"gmtCreate":1686464586646,"gmtModify":1686464591249,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186062071894112","repostId":"185597897265152","repostType":1,"repost":{"id":185597897265152,"gmtCreate":1686320129902,"gmtModify":1686563137787,"author":{"id":"3501196737273098","authorId":"3501196737273098","name":"Tiger_comments","avatar":"https://community-static.tradeup.com/news/227887b200e9925968650d5db4a8bfb3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3501196737273098","authorIdStr":"3501196737273098"},"themes":[],"title":"[9th Anniv. Quiz] Analysts Suggest Cautious As SPX. Entered Technical Bull Market","htmlText":"On Thursday, three major US stock indexes collectively closed higher. At the close, <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> settled at 4293.93, rebounding 20% from its low point in October 2022, entering a technical bull market. It also signalled the ending of the longest <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> bear market since the 1940s. Tech sector rally end the second longest bear marketThe S&amp;P 500 index has been in bear market territory for 244 trading days, marking the longest duration since May 15, 1948. That year, the bear market lasted for 484 trading days. Historically, bear markets have an average duration of 142 trading days.S&amp;P 500 index has risen 11.5% year-to-date, but a large portion of the gains are attributed to surges","listText":"On Thursday, three major US stock indexes collectively closed higher. At the close, <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> settled at 4293.93, rebounding 20% from its low point in October 2022, entering a technical bull market. It also signalled the ending of the longest <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> bear market since the 1940s. Tech sector rally end the second longest bear marketThe S&amp;P 500 index has been in bear market territory for 244 trading days, marking the longest duration since May 15, 1948. That year, the bear market lasted for 484 trading days. Historically, bear markets have an average duration of 142 trading days.S&amp;P 500 index has risen 11.5% year-to-date, but a large portion of the gains are attributed to surges","text":"On Thursday, three major US stock indexes collectively closed higher. At the close, $S&P 500(.SPX)$ settled at 4293.93, rebounding 20% from its low point in October 2022, entering a technical bull market. It also signalled the ending of the longest $S&P 500(.SPX)$ bear market since the 1940s. Tech sector rally end the second longest bear marketThe S&P 500 index has been in bear market territory for 244 trading days, marking the longest duration since May 15, 1948. That year, the bear market lasted for 484 trading days. Historically, bear markets have an average duration of 142 trading days.S&P 500 index has risen 11.5% year-to-date, but a large portion of the gains are attributed to surges","images":[{"img":"https://community-static.tradeup.com/news/e5b60827ac5865da6b69db1de4f9474e","width":"950","height":"1580"},{"img":"https://community-static.tradeup.com/news/8c908266987fc98b3287b8e6362b0624","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/f09a0c82d8d8204398d3f2ef2be5092d","width":"1000","height":"836"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185597897265152","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185012266758152,"gmtCreate":1686208284246,"gmtModify":1686208287847,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185012266758152","repostId":"184502236217392","repostType":1,"repost":{"id":184502236217392,"gmtCreate":1686052810471,"gmtModify":1703730091620,"author":{"id":"9000000000000572","authorId":"9000000000000572","name":"TigerPicks","avatar":"https://community-static.tradeup.com/news/a6d452b050ca40d986d2e3e339c5dab1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000572","authorIdStr":"9000000000000572"},"themes":[],"title":"🎁 Growth Technology Stocks: Which One Will You Choose?","htmlText":"Hi Tigers,Welcome to Quantitative Picker a Fundamental stock picking strategies column based on the function of “Screener“ of Tiger Trade.Fundamental stock picking refers to the process of selecting and analyzing various stocks in the market involves analyzing a company’s financial data, management capabilities, and market outlook to determine its investment value and etc.In this new column, we will lead you to learn different types of strategies to good companies, welcome your support and expect you to share in return of your great strategies.Stock Selection Criteria - Follow The Fundamental Analysis Of StocksEpisode 1：Growth Technology StocksQuarterly Revenue Growth YoY %: 25% to 50% and 50% to 100% and &gt; 100%,1 yr. % Change in EPS (Basic): 25% to 50% and 50% to 100% and &gt; 100%,Sec","listText":"Hi Tigers,Welcome to Quantitative Picker a Fundamental stock picking strategies column based on the function of “Screener“ of Tiger Trade.Fundamental stock picking refers to the process of selecting and analyzing various stocks in the market involves analyzing a company’s financial data, management capabilities, and market outlook to determine its investment value and etc.In this new column, we will lead you to learn different types of strategies to good companies, welcome your support and expect you to share in return of your great strategies.Stock Selection Criteria - Follow The Fundamental Analysis Of StocksEpisode 1：Growth Technology StocksQuarterly Revenue Growth YoY %: 25% to 50% and 50% to 100% and &gt; 100%,1 yr. % Change in EPS (Basic): 25% to 50% and 50% to 100% and &gt; 100%,Sec","text":"Hi Tigers,Welcome to Quantitative Picker a Fundamental stock picking strategies column based on the function of “Screener“ of Tiger Trade.Fundamental stock picking refers to the process of selecting and analyzing various stocks in the market involves analyzing a company’s financial data, management capabilities, and market outlook to determine its investment value and etc.In this new column, we will lead you to learn different types of strategies to good companies, welcome your support and expect you to share in return of your great strategies.Stock Selection Criteria - Follow The Fundamental Analysis Of StocksEpisode 1：Growth Technology StocksQuarterly Revenue Growth YoY %: 25% to 50% and 50% to 100% and > 100%,1 yr. % Change in EPS (Basic): 25% to 50% and 50% to 100% and > 100%,Sec","images":[{"img":"https://community-static.tradeup.com/news/147a8bf158d46e6ea0b7e614026a7b78","width":"730","height":"380"},{"img":"https://community-static.tradeup.com/news/2787f2acecf0e8b4e62df649f129eeaf","width":"1271","height":"708"},{"img":"https://community-static.tradeup.com/news/de46677f0e17e751bc6e9591d4ac78a7","width":"448","height":"173"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184502236217392","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955064070,"gmtCreate":1675083947990,"gmtModify":1676538975026,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$SoFi Technologies Inc.(SOFI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9955064070","isVote":1,"tweetType":1,"viewCount":711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952210981,"gmtCreate":1674738447544,"gmtModify":1676538956132,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9952210981","isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9956478911,"gmtCreate":1674177760334,"gmtModify":1676538927767,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ &nbsp;</a>come on!","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger 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&nbsp;</a>lol","text":"$AMC Entertainment(AMC)$ lol","images":[{"img":"https://community-static.tradeup.com/news/97670ddee528f6e4ddbfe001fac68e37","width":"1080","height":"1565"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9920007306","isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9968627010,"gmtCreate":1669215970230,"gmtModify":1676538168593,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ &nbsp;</a>ggood","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ &nbsp;</a>ggood","text":"$Tiger Brokers(TIGR)$ ggood","images":[{"img":"https://community-static.tradeup.com/news/59c0dc1cbfab3b546589b68148cb070d","width":"1080","height":"1942"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9968627010","isVote":1,"tweetType":1,"viewCount":837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9969231417,"gmtCreate":1668461886640,"gmtModify":1676538058212,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9969231417","repostId":"1110302539","repostType":4,"repost":{"id":"1110302539","kind":"news","pubTimestamp":1668426073,"share":"https://ttm.financial/m/news/1110302539?lang=&edition=fundamental","pubTime":"2022-11-14 19:41","market":"us","language":"en","title":"Jeff Bezos Says He Will Give Most of His Money to Charity","url":"https://stock-news.laohu8.com/highlight/detail?id=1110302539","media":"CNN","summary":"Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his l","content":"<html><head></head><body><p>Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions.</p><p>Though Bezos’ vow was light on specifics, this marks the first time he has announced that he plans to give away most of his money. Critics have chided Bezos for not signing theGiving Pledge, a promise by hundreds of the world’s richest people to donate the majority of their wealth to charitable causes.</p><p>In a sit-down interview with CNN’s Chloe Melas on Saturday at his Washington, DC, home, Bezos, speaking alongside his partner, the journalist-turned-philanthropist Lauren Sánchez, said the couple is “building the capacity to be able to give away this money.”</p><p>Asked directly by CNN whether he intends to donate the majority of his wealth within his lifetime, Bezos said: “Yeah, I do.”</p><p>Bezos said he and Sánchez agreed to their first interview together since they began dating in 2019 to help shine a spotlight on the Bezos Courage and Civility Award, granted this year to musician Dolly Parton.</p><p>The 20-minute exchange with Bezos and Sánchez covered a broad range of topics, from Bezos’s views on political dialogue and apossible economic recessionto Sánchez’s plan tovisit outer spacewith an all-female crew and her reflections on a flourishing business partnership with Bezos.</p><h2>Dolly Parton</h2><p>That working relationship was on display Saturday as Bezos and Sánchez announced a$100 million grant to Partonas part of her Courage and Civility Award. It is the third such award, following similar grants to chef Jose Andrés, who has spent some of the money-making meals for Ukrainians — and the climate advocate and CNN contributor Van Jones.</p><p>“When you think of Dolly,” said Sánchez in the interview, “Look, everyone smiles, right? She is just beaming with light. And all she wants to do is bring light into other people’s worlds. And so we couldn’t have thought of someone better than to give this award to Dolly, and we know she’s going to do amazing things with it.”</p><p>The throughline connecting the Courage and Civility Award grantees, Bezos said, was their capacity to bring many people together to solve large challenges.</p><p>“I just feel honored to be able to be a part of what they’re doing for this world,” Bezos told CNN.</p><p>Unity, Bezos said, is a trait that will be necessary to confront climate change and one that he repeatedly invoked as he blasted politicians and social media for amplifying division.</p><h2>How to give it away</h2><p>But the couple’s biggest challenge may be figuring out how to distribute Bezos’ vast fortune. Bezos declined to identify a specific percentage or to provide concrete details on where it would likely be spent.</p><p>Despite being the fourth-wealthiest person in the world, according to theBloomberg Billionaires Index, Bezos has refrained from setting a target amount to give away in his lifetime.</p><p>Bezos has committed $10 billion over 10 years, or about 8% of his current net worth, to the Bezos Earth Fund, which Sánchez co-chairs. Among its priorities are reducing the carbon footprint of construction-grade cement and steel; pushing financial regulators to consider climate-related risks; advancing data and mapping technologies to monitor carbon emissions; and building natural, plant-based carbon sinks on a large scale.</p><p>Though Bezos is now Amazon’s(AMZN) executive chair and not its CEO — he stepped down from that role in 2021 — he is still involved in the greening of the company. Amazon is one of more than 300 companies that have pledged to reduce their carbon footprint by 2040 according to the principles of the Paris Climate Agreement, Bezos said, though Amazon’s(AMZN)footprint grew by 18% in 2021, reflecting a pandemic-driven e-commerce boom. Amazon’s(AMZN)reckoning with its own effect on the climate mirrors its outsized impact on everything from debates about unionization to antitrust policy, where the company has attracted an enormous level of scrutiny from regulators, lawmakers, and civil society groups.</p><p>Bezos compared his philanthropic strategy to his years-long effort constructing a titanic engine of e-commerce and cloud computing that has made him one of the most powerful people in the world.</p><p>“The hard part is figuring out how to do it in a levered way,” he said, implying that even as he gives away his billions, he is still looking to maximize his return. “It’s not easy. Building Amazon was not easy. It took a lot of hard work, a bunch of very smart teammates, hard-working teammates, and I’m finding — and I think Lauren is finding the same thing — that charity, philanthropy, is very similar.”</p><p>“There are a bunch of ways that I think you could do ineffective things, too,” he added. “So you have to think about it carefully and you have to have brilliant people on the team.”</p><p>Bezos’ methodical approach to giving stands in sharp contrast to that of his ex-wife, the philanthropist MacKenzie Scott, who recentlygave away nearly $4 billion to 465 organizationsin the span of less than a year.</p><h2>The economic downturn</h2><p>While Bezos and Sánchez plot out their plans for Bezos’ immense wealth, many people of more modest means are bracing for what economists fear may be an extended economic downturn.</p><p>Last month, Bezostweeteda warning to his followers on Twitter, recommending that they “batten down the hatches.”</p><p>The advice was meant for business owners and consumers alike, Bezos said in the interview, suggesting that individuals should consider putting off buying big ticket items they’ve been eyeing — or that companies should slow their acquisitions and capital expenditures.</p><p>“Take some risk off the table,” Bezos said. “Keep some dry powder on hand…. Just a little bit of risk reduction could make the difference for that small business, if we do get into even more serious economic problems. You’ve got to play the probabilities a little bit.”</p><p>Many may be feeling the pinch now, he added, but argued that as an optimist he believes the American Dream “is and will be even more attainable in the future” — projecting that within Bezos’ lifetime, space travel could become broadly accessible to the public.</p><h2>Bezos and Sánchez’s partnership</h2><p>Sánchez said the couple make “really great teammates,” though she laughed, “We can be kind of boring,” Sánchez said. Bezos smiled and replied, “Never boring.”</p><p>Sánchez, the founder of Black Ops Aviation, the first female-owned and operated aerial film and production company is a trained helicopter pilot. She said in the interview that they’ve both taken turns in the driver’s seat.</p><p>Bezos has creditedhis own journey to spacefor helping to inspire his push to fight climate change. Now, it is Sánchez’s turn.</p><p>Sánchez told CNN she anticipates venturing into orbit herself sometime in 2023. And while she did not directly address who will be joining her — quickly ruling out Bezos as a crewmate — she said simply: “It’ll be a great group of females.”</p><h2>Washington’s NFL team</h2><p>Bezos may be adding NFL owner to his resume. CNN recently reported that Bezos and Jay-Z are in talks on a potentialjoint bid on the Washington Commanders.</p><p>It is not clear if the two have yet spoken with Dan Snyder and his wife, Tanya, the current owners of the NFL team, about the possibility.</p><p>But during the interview on Saturday, Melas asked Bezos if the speculation was true.</p><p>“Yes, I’ve heard that buzz,” Bezos said with a smile.</p><p>Sánchez chimed in with a laugh, “I do like football. I’m just going to throw that out there for everyone.”</p><p>Bezos added, “I grew up in Houston, Texas, and I played football growing up as a kid … and it is my favorite sport … so we’ll just have to wait and see.”</p></body></html>","source":"cnn_highlight","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>Jeff Bezos Says He Will Give Most of His Money to Charity</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\">\nJeff Bezos Says He Will Give Most of His Money to Charity\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-14 19:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2022/11/14/business/jeff-bezos-charity/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting ...</p>\n\n<a href=\"https://edition.cnn.com/2022/11/14/business/jeff-bezos-charity/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://edition.cnn.com/2022/11/14/business/jeff-bezos-charity/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110302539","content_text":"Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions.Though Bezos’ vow was light on specifics, this marks the first time he has announced that he plans to give away most of his money. Critics have chided Bezos for not signing theGiving Pledge, a promise by hundreds of the world’s richest people to donate the majority of their wealth to charitable causes.In a sit-down interview with CNN’s Chloe Melas on Saturday at his Washington, DC, home, Bezos, speaking alongside his partner, the journalist-turned-philanthropist Lauren Sánchez, said the couple is “building the capacity to be able to give away this money.”Asked directly by CNN whether he intends to donate the majority of his wealth within his lifetime, Bezos said: “Yeah, I do.”Bezos said he and Sánchez agreed to their first interview together since they began dating in 2019 to help shine a spotlight on the Bezos Courage and Civility Award, granted this year to musician Dolly Parton.The 20-minute exchange with Bezos and Sánchez covered a broad range of topics, from Bezos’s views on political dialogue and apossible economic recessionto Sánchez’s plan tovisit outer spacewith an all-female crew and her reflections on a flourishing business partnership with Bezos.Dolly PartonThat working relationship was on display Saturday as Bezos and Sánchez announced a$100 million grant to Partonas part of her Courage and Civility Award. It is the third such award, following similar grants to chef Jose Andrés, who has spent some of the money-making meals for Ukrainians — and the climate advocate and CNN contributor Van Jones.“When you think of Dolly,” said Sánchez in the interview, “Look, everyone smiles, right? She is just beaming with light. And all she wants to do is bring light into other people’s worlds. And so we couldn’t have thought of someone better than to give this award to Dolly, and we know she’s going to do amazing things with it.”The throughline connecting the Courage and Civility Award grantees, Bezos said, was their capacity to bring many people together to solve large challenges.“I just feel honored to be able to be a part of what they’re doing for this world,” Bezos told CNN.Unity, Bezos said, is a trait that will be necessary to confront climate change and one that he repeatedly invoked as he blasted politicians and social media for amplifying division.How to give it awayBut the couple’s biggest challenge may be figuring out how to distribute Bezos’ vast fortune. Bezos declined to identify a specific percentage or to provide concrete details on where it would likely be spent.Despite being the fourth-wealthiest person in the world, according to theBloomberg Billionaires Index, Bezos has refrained from setting a target amount to give away in his lifetime.Bezos has committed $10 billion over 10 years, or about 8% of his current net worth, to the Bezos Earth Fund, which Sánchez co-chairs. Among its priorities are reducing the carbon footprint of construction-grade cement and steel; pushing financial regulators to consider climate-related risks; advancing data and mapping technologies to monitor carbon emissions; and building natural, plant-based carbon sinks on a large scale.Though Bezos is now Amazon’s(AMZN) executive chair and not its CEO — he stepped down from that role in 2021 — he is still involved in the greening of the company. Amazon is one of more than 300 companies that have pledged to reduce their carbon footprint by 2040 according to the principles of the Paris Climate Agreement, Bezos said, though Amazon’s(AMZN)footprint grew by 18% in 2021, reflecting a pandemic-driven e-commerce boom. Amazon’s(AMZN)reckoning with its own effect on the climate mirrors its outsized impact on everything from debates about unionization to antitrust policy, where the company has attracted an enormous level of scrutiny from regulators, lawmakers, and civil society groups.Bezos compared his philanthropic strategy to his years-long effort constructing a titanic engine of e-commerce and cloud computing that has made him one of the most powerful people in the world.“The hard part is figuring out how to do it in a levered way,” he said, implying that even as he gives away his billions, he is still looking to maximize his return. “It’s not easy. Building Amazon was not easy. It took a lot of hard work, a bunch of very smart teammates, hard-working teammates, and I’m finding — and I think Lauren is finding the same thing — that charity, philanthropy, is very similar.”“There are a bunch of ways that I think you could do ineffective things, too,” he added. “So you have to think about it carefully and you have to have brilliant people on the team.”Bezos’ methodical approach to giving stands in sharp contrast to that of his ex-wife, the philanthropist MacKenzie Scott, who recentlygave away nearly $4 billion to 465 organizationsin the span of less than a year.The economic downturnWhile Bezos and Sánchez plot out their plans for Bezos’ immense wealth, many people of more modest means are bracing for what economists fear may be an extended economic downturn.Last month, Bezostweeteda warning to his followers on Twitter, recommending that they “batten down the hatches.”The advice was meant for business owners and consumers alike, Bezos said in the interview, suggesting that individuals should consider putting off buying big ticket items they’ve been eyeing — or that companies should slow their acquisitions and capital expenditures.“Take some risk off the table,” Bezos said. “Keep some dry powder on hand…. Just a little bit of risk reduction could make the difference for that small business, if we do get into even more serious economic problems. You’ve got to play the probabilities a little bit.”Many may be feeling the pinch now, he added, but argued that as an optimist he believes the American Dream “is and will be even more attainable in the future” — projecting that within Bezos’ lifetime, space travel could become broadly accessible to the public.Bezos and Sánchez’s partnershipSánchez said the couple make “really great teammates,” though she laughed, “We can be kind of boring,” Sánchez said. Bezos smiled and replied, “Never boring.”Sánchez, the founder of Black Ops Aviation, the first female-owned and operated aerial film and production company is a trained helicopter pilot. She said in the interview that they’ve both taken turns in the driver’s seat.Bezos has creditedhis own journey to spacefor helping to inspire his push to fight climate change. Now, it is Sánchez’s turn.Sánchez told CNN she anticipates venturing into orbit herself sometime in 2023. And while she did not directly address who will be joining her — quickly ruling out Bezos as a crewmate — she said simply: “It’ll be a great group of females.”Washington’s NFL teamBezos may be adding NFL owner to his resume. CNN recently reported that Bezos and Jay-Z are in talks on a potentialjoint bid on the Washington Commanders.It is not clear if the two have yet spoken with Dan Snyder and his wife, Tanya, the current owners of the NFL team, about the possibility.But during the interview on Saturday, Melas asked Bezos if the speculation was true.“Yes, I’ve heard that buzz,” Bezos said with a smile.Sánchez chimed in with a laugh, “I do like football. I’m just going to throw that out there for everyone.”Bezos added, “I grew up in Houston, Texas, and I played football growing up as a kid … and it is my favorite sport … so we’ll just have to wait and see.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933433165,"gmtCreate":1662336379358,"gmtModify":1676537037685,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9933433165","repostId":"2265749449","repostType":4,"repost":{"id":"2265749449","kind":"highlight","pubTimestamp":1662332817,"share":"https://ttm.financial/m/news/2265749449?lang=&edition=fundamental","pubTime":"2022-09-05 07:06","market":"us","language":"en","title":"GameStop, Apple, Kroger, NIO, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2265749449","media":"Barron's","summary":"U.S. stock and bond markets will be closed on Monday for Labor Day. It's a quiet week on the earning","content":"<html><head></head><body><p>U.S. stock and bond markets will be closed on Monday for Labor Day. It&#39;s a quiet week on the earnings calendar once investors return from the long weekend, but a few major economic-data releases should grab plenty of attention.</p><p>Results this week will come from GameStop and NIO on Wednesday, DocuSign and Zscaler on Thursday, and Kroger on Friday. Apple will also host a product launch event on Wednesday, when it is expected to unveil a new lineup of iPhones and Apple Watches.</p><p>Economic data releases next week include the Institute for Supply Management&#39;s Services Purchasing Managers&#39; Index for August on Tuesday. The consensus estimate is for the index to decline by about three points, to 54.</p><p>Other data for investors and economists to watch next week will be the Federal Reserve&#39;s sixth beige book of the year on Wednesday and the Department of Labor&#39;s initial jobless claims for the latest week on Thursday.</p><p>The European Central Bank also announces a monetary-policy decision on Thursday. Futures markets are pricing in the greatest odds of a 75-basis-point hike, which would bring ECB&#39;s benchmark interest-rate target to 0.75%.</p><p><b>Monday 9/5</b></p><p>Equity and fixed-income markets are closed in observance of Labor Day.</p><p><b>Tuesday 9/6</b></p><p>The Institute for Supply Management releases its Services Purchasing Managers&#39; Index for August. Consensus estimate is for a 54 reading, about three points lower than in July. The index is well off its record high of 68.4 from November, but still above the expansionary level of 50.</p><p><b>Wednesday 9/7</b></p><p>Appleholds a launch event, titled &#34;Far Out,&#34; at its headquarters in Cupertino, Calif. The company is expected to unveil four new iPhone 14 models and three new Apple Watches, along with other products.</p><p>GameStop and NIO report quarterly results.</p><p>The Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions with anecdotal data collected by the 12 regional Federal Reserve banks.</p><p>The Mortgage Bankers Association releases its mortgage application survey for the week ending on Sept. 2. Mortgage applications have dropped for three consecutive weeks and are at a multidecade low amid record-high home prices and surging mortgage rates.</p><p><b>Thursday 9/8</b></p><p>DocuSign and Zscaler hold conference calls to discuss quarterly earnings.</p><p>Moderna hosts a research and development day, with presentations from its executive leadership, including CEO Stéphane Bancel.</p><p>The European Central Bank announces its monetary-policy decision. Traders are pricing in a 60% chance of a jumbo-size 75-basis-point hike, which would bring ECB&#39;s deposit facility rate to 0.75%. At its last meeting, in July, the central bank lifted its key interest rate by half a percentage point, from negative 0.5% to zero. It has been just over a decade since the deposit facility rate was last above zero.</p><p>The Department of Labor reports initial jobless claims for the week ending on Sept. 3. Claims averaged 241,500 in August, and have risen steadily this year from historically low levels.</p><p><b>Friday 9/9</b></p><p>Kroger reports second-quarter fiscal-2023 results.</p><p>Tapestry, the parent company of fashion brands Coach and Kate Spade, holds an investor day at its headquarters in New York. The company will discuss its long-term strategic initiatives and update its financial outlook.</p><p>The Federal Reserve releases the Financial Accounts of the United States for the second quarter. The report gives a snapshot of the nation&#39;s household net worth and debt. In the first quarter, household net worth fell by $544 billion, to $149.3 trillion. It was the first decline since the first quarter of 2020. With the S&amp;P 500 index plunging more than 16% in the second quarter, it&#39;s very likely that the report will show another decrease.</p></body></html>","source":"lsy1610680873436","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>GameStop, Apple, Kroger, NIO, and Other Stocks for Investors to Watch 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\">\nGameStop, Apple, Kroger, NIO, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 07:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/gamestop-apple-kroger-nio-and-other-stocks-for-investors-to-watch-this-week-51662318000?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock and bond markets will be closed on Monday for Labor Day. It's a quiet week on the earnings calendar once investors return from the long weekend, but a few major economic-data releases ...</p>\n\n<a href=\"https://www.barrons.com/articles/gamestop-apple-kroger-nio-and-other-stocks-for-investors-to-watch-this-week-51662318000?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KR":"克罗格","GME":"游戏驿站",".IXIC":"NASDAQ Composite","ZS":"Zscaler Inc.",".SPX":"S&P 500 Index","DOCU":"Docusign",".DJI":"道琼斯","NIO":"蔚来","AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/gamestop-apple-kroger-nio-and-other-stocks-for-investors-to-watch-this-week-51662318000?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2265749449","content_text":"U.S. stock and bond markets will be closed on Monday for Labor Day. It's a quiet week on the earnings calendar once investors return from the long weekend, but a few major economic-data releases should grab plenty of attention.Results this week will come from GameStop and NIO on Wednesday, DocuSign and Zscaler on Thursday, and Kroger on Friday. Apple will also host a product launch event on Wednesday, when it is expected to unveil a new lineup of iPhones and Apple Watches.Economic data releases next week include the Institute for Supply Management's Services Purchasing Managers' Index for August on Tuesday. The consensus estimate is for the index to decline by about three points, to 54.Other data for investors and economists to watch next week will be the Federal Reserve's sixth beige book of the year on Wednesday and the Department of Labor's initial jobless claims for the latest week on Thursday.The European Central Bank also announces a monetary-policy decision on Thursday. Futures markets are pricing in the greatest odds of a 75-basis-point hike, which would bring ECB's benchmark interest-rate target to 0.75%.Monday 9/5Equity and fixed-income markets are closed in observance of Labor Day.Tuesday 9/6The Institute for Supply Management releases its Services Purchasing Managers' Index for August. Consensus estimate is for a 54 reading, about three points lower than in July. The index is well off its record high of 68.4 from November, but still above the expansionary level of 50.Wednesday 9/7Appleholds a launch event, titled \"Far Out,\" at its headquarters in Cupertino, Calif. The company is expected to unveil four new iPhone 14 models and three new Apple Watches, along with other products.GameStop and NIO report quarterly results.The Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions with anecdotal data collected by the 12 regional Federal Reserve banks.The Mortgage Bankers Association releases its mortgage application survey for the week ending on Sept. 2. Mortgage applications have dropped for three consecutive weeks and are at a multidecade low amid record-high home prices and surging mortgage rates.Thursday 9/8DocuSign and Zscaler hold conference calls to discuss quarterly earnings.Moderna hosts a research and development day, with presentations from its executive leadership, including CEO Stéphane Bancel.The European Central Bank announces its monetary-policy decision. Traders are pricing in a 60% chance of a jumbo-size 75-basis-point hike, which would bring ECB's deposit facility rate to 0.75%. At its last meeting, in July, the central bank lifted its key interest rate by half a percentage point, from negative 0.5% to zero. It has been just over a decade since the deposit facility rate was last above zero.The Department of Labor reports initial jobless claims for the week ending on Sept. 3. Claims averaged 241,500 in August, and have risen steadily this year from historically low levels.Friday 9/9Kroger reports second-quarter fiscal-2023 results.Tapestry, the parent company of fashion brands Coach and Kate Spade, holds an investor day at its headquarters in New York. The company will discuss its long-term strategic initiatives and update its financial outlook.The Federal Reserve releases the Financial Accounts of the United States for the second quarter. The report gives a snapshot of the nation's household net worth and debt. In the first quarter, household net worth fell by $544 billion, to $149.3 trillion. It was the first decline since the first quarter of 2020. With the S&P 500 index plunging more than 16% in the second quarter, it's very likely that the report will show another decrease.","news_type":1},"isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933439995,"gmtCreate":1662336332017,"gmtModify":1676537037653,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>hhaiz","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>hhaiz","text":"$NVIDIA Corp(NVDA)$hhaiz","images":[{"img":"https://community-static.tradeup.com/news/1d2be0c73d2ada2e2926609ae6c74863","width":"1080","height":"1565"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9933439995","isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9933430133,"gmtCreate":1662336304122,"gmtModify":1676537037632,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a><v-v data-views=\"1\"></v-v>","text":"$Grab Holdings(GRAB)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9933430133","isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9006176813,"gmtCreate":1641678145902,"gmtModify":1676533638155,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$</a>Moon is coming lol","listText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$</a>Moon is coming lol","text":"$AMC Entertainment(AMC)$Moon is coming lol","images":[{"img":"https://static.itradeup.com/news/5e46da3300fefa9f09ab6c421dd3be29","width":"1080","height":"1920"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":585,"commentSize":0,"repostSize":3,"link":"https://ttm.financial/post/9006176813","isVote":1,"tweetType":1,"viewCount":8569,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3561970400949949","authorId":"3561970400949949","name":"copycat","avatar":"https://static.tigerbbs.com/ff23b85233a021954853d2a464bdaa7e","crmLevel":5,"crmLevelSwitch":0,"idStr":"3561970400949949","authorIdStr":"3561970400949949"},"content":"waiting for amc to up and up","text":"waiting for amc to up and up","html":"waiting for amc to up and up"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9006229434,"gmtCreate":1641770285095,"gmtModify":1676533645530,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a>Come On let's go","listText":"<a href=\"https://ttm.financial/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a>Come On let's go","text":"$Riot Blockchain, Inc.(RIOT)$Come On let's go","images":[{"img":"https://static.itradeup.com/news/b24abc925d64ba9f5eecdabcc73436b3","width":"1080","height":"1920"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":25,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006229434","isVote":1,"tweetType":1,"viewCount":722,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"content":"Please like and Comments.. Brothers and Sisters.. Thank you","text":"Please like and Comments.. Brothers and Sisters.. Thank you","html":"Please like and Comments.. Brothers and Sisters.. Thank you"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9002358507,"gmtCreate":1641936368809,"gmtModify":1676533662578,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>You can do it","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>You can do it","text":"$Tiger Brokers(TIGR)$You can do it","images":[{"img":"https://static.itradeup.com/news/b294dab35e0f2609bbdeb4e54e36a9c7","width":"1080","height":"1920"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002358507","isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4094549885200800","authorId":"4094549885200800","name":"蒋小鱼","avatar":"https://static.tigerbbs.com/e246cd92d12ee8510cba3c63485f6922","crmLevel":5,"crmLevelSwitch":0,"idStr":"4094549885200800","authorIdStr":"4094549885200800"},"content":"加油↖(^ω^)↗↖(^ω^)↗","text":"加油↖(^ω^)↗↖(^ω^)↗","html":"加油↖(^ω^)↗↖(^ω^)↗"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9004949587,"gmtCreate":1642485588089,"gmtModify":1676533714928,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$</a>Its moon time Brothers and Sisters....[ShakeHands]&nbsp;","listText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$</a>Its moon time Brothers and Sisters....[ShakeHands]&nbsp;","text":"$AMC Entertainment(AMC)$Its moon time Brothers and Sisters....[ShakeHands]","images":[{"img":"https://static.itradeup.com/news/797ddfbffb9416832688ec2e89b890f9","width":"1080","height":"1920"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004949587","isVote":1,"tweetType":1,"viewCount":1142,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582942911161794","authorId":"3582942911161794","name":"Nanamoney","avatar":"https://static.tigerbbs.com/8624e691b889b8bc4515d1884744eb5a","crmLevel":5,"crmLevelSwitch":1,"idStr":"3582942911161794","authorIdStr":"3582942911161794"},"content":"jia lart lah kept on going down week by week. like no positive news at all. I bought 28.46 and all the way down down down... [Angry]","text":"jia lart lah kept on going down week by week. like no positive news at all. I bought 28.46 and all the way down down down... [Angry]","html":"jia lart lah kept on going down week by week. like no positive news at all. I bought 28.46 and all the way down down down... 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best!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214137516847224","repostId":"1181092236","repostType":2,"repost":{"id":"1181092236","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1693296206,"share":"https://ttm.financial/m/news/1181092236?lang=&edition=fundamental","pubTime":"2023-08-29 16:03","market":"us","language":"en","title":"UP Fintech Reports Two-Year High 2023 Q2 Results","url":"https://stock-news.laohu8.com/highlight/detail?id=1181092236","media":"Tiger Newspress","summary":"Revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increaseNon-GAAP profit soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ), achieving a two-year recor","content":"<html><head></head><body><ul><li><p>Revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increase</p></li><li><p style=\"text-align: left;\">Non-GAAP profit soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ), achieving a two-year record high.</p></li><li><p style=\"text-align: left;\">The launch of TigerGPT, an AI-powered investment assistant, in Singapore, New Zealand, Australia, and Hong Kong SAR, highlights the Company&#39;s commitment to cutting-edge fintech innovation.</p></li></ul><p style=\"text-align: left;\"><strong>Singapore and New York, Aug 29, 2023</strong> — UP Fintech Holding Limited (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), today announced its unaudited financial results for the second quarter ended June 30, 2023. Driven by a strategic global expansion and an unwavering commitment to fintech innovation, the Company&#39;s revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increase. The non-GAAP profit attributable to UP Fintech soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ) and nearly 3.4 times YoY, achieving a two-year record high, surpassing the previous year&#39;s total.</p><p style=\"text-align: left;\">During the second quarter, 58,582 new customer accounts were added to UP Fintech&#39;s global portfolio, bringing the total to 2.12 million. A total of 29,077 new customers with deposits (funded accounts) were added this quarter, elevating the total number of funded accounts to 840,931, marking a 15% increase YoY.</p><p style=\"text-align: left;\">The total trading volume by customers on the Company&#39;s platform reached US$65.1 billion during the second quarter, with US$19.3 billion attributed to stock trading. Additionally, 7.76 million options and futures contracts were traded by clients. Customer assets saw a significant increase, amounting to US$17.3 billion during the reporting period, a rise of 16.2% YoY. Moreover, the quarterly net asset inflow approached the substantial figure of US$1.6 billion, reflecting the strong trust and engagement the Company continues to foster within its client base.</p><p style=\"text-align: left;\"><strong>CEO highlights: strong performance, global expansion, and innovation</strong></p><p style=\"text-align: left;\">Wu Tianhua, CEO and founder of UP Fintech, said: &#34;The second quarter marked a period of gradual recovery in the overall market, and UP Fintech&#39;s performance mirrored this trend. Our revenue remained stable and showed encouraging improvement, culminating in a double-digit growth year-over-year. The non-GAAP net profit&#39;s significant growth, surpassing the total of the previous year, underscores our strong financial position.</p><p style=\"text-align: left;\">&#34;In the realm of international expansion, we are proud to report robust growth in our global customers with deposits. With nearly 60,000 funded clients acquired in the first half, we&#39;ve surpassed the halfway mark of our ambitious 100,000 new customer target for the year. Our strategic launch of diverse wealth management products in pivotal markets such as Singapore and Hong Kong has resonated well with our clientele. These initiatives offer more financial choices in an unpredictable market landscape. Separately, Australia&#39;s record growth underscores our global expansion success.</p><p style=\"text-align: left;\">&#34;As for product innovation, the second quarter saw the significant launch of our Hong Kong stock AIP (automatic investment plan). This positions Tiger Trade as one of the few platforms offering the AIP feature in both Hong Kong and U.S. stocks. By enabling small-amount investors to access high-priced stocks of premium companies, we have further democratized investment opportunities and broadened our reach.</p><p style=\"text-align: left;\">&#34;Looking to the future, our commitment to product and technological innovation remains unwavering. We will continue to fortify our leading positions in existing markets through quality financial services, streamline operations, and enhance efficiency. Our confidence in this strategic direction is steadfast, and we believe it will fuel sustainable growth, forging greater value for our customers and shareholders alike.&#34;</p><p style=\"text-align: left;\"><strong>Singapore: services introduced for high-net-worth clients</strong><br/><strong>Hong Kong, Australia: broadened product portfolio</strong></p><p style=\"text-align: left;\">In the second quarter, the Company further strengthened its presence in Singapore, a key strategic market. The Capital Market Services License (LMS) from the Monetary Authority of Singapore was obtained, followed by the subsequent launch of Tiger Fund Management (TFM) services.</p><p style=\"text-align: left;\">Targeting Singapore-centric investment themes such as Real Estate Investment Trusts (REITs), banking, and technology, TFM aims to secure long-term returns for high-net-worth clients. This initiative enhances the firm&#39;s wealth management capabilities in Singapore, where a remarkable monthly sequential growth rate in fund sales of up to 43% was observed during the quarter.</p><p style=\"text-align: left;\">Celebrating the Company&#39;s ninth anniversary, a series of offline events were hosted across Singapore&#39;s business districts, attracting over 10,000 participants and strengthening connections with clients.</p><p style=\"text-align: left;\">The Hong Kong market experienced significant growth in Q2, with new funded account numbers nearly tripling sequentially. The product portfolio was expanded, adding Hong Kong Hang Seng Index futures and global futures.  This quarter also marked the introduction of Tiger Vault, a cash management service featuring Hong Kong dollar and U.S. dollar money market funds. With a daily average yield of over US$ 1.3 per US$ 10,000 investment*, these innovative funds have outperformed similar products in Hong Kong. Creative marketing efforts, including themed vehicles, resonated with the public, enhancing brand awareness and appeal.</p><p style=\"text-align: left;\">The number of funding customers in Australia reached a record high in the quarter, nearly doubling sequentially. An innovative uninvested cash interest service, with a U.S. dollar annual interest rate of up to 3.25%, received widespread acclaim, reflecting our commitment to benefiting customers. Recognition also came through awards such as the 2023 Outstanding Value Award from Canstar and the 2023 Expert&#39;s Choice from Mozo.</p><p style=\"text-align: left;\">In New Zealand, the company collaborated with Massey University and the University of Otago to extend educational initiatives, promoting financial literacy through simulated trading activities and special lectures.</p><p style=\"text-align: left;\"><strong>Hong Kong stock AIP launched with investment threshold at HK$500</strong></p><p style=\"text-align: left;\"><strong>TigerGPT officially unveiled in Singapore, New Zealand, Australia, and Hong Kong</strong></p><p style=\"text-align: left;\">In the second quarter, commission income reached US$22.0 million, and interest-related income climbed to US$39.3 million, marking a QoQ increase of approximately 5%. This financial performance coincides with the Company&#39;s ongoing commitment to innovation, demonstrated by the introduction of transformative features such as the Hong Kong stock automatic investment plan (AIP) and the AI-powered investment assistant, TigerGPT.</p><p style=\"text-align: left;\">The introduction of the Hong Kong stock AIP lowers the entry threshold to the Hong Kong stock market to just HKD 500. With flexible investment plans available on a weekly, bi-weekly, or monthly basis, the Company is democratizing investment, leading the industry with unparalleled accessibility and adaptability.</p><p style=\"text-align: left;\">TigerGPT, following a successful beta testing, was officially unveiled to users in Singapore, New Zealand, Australia, and Hong Kong. TigerGPT&#39;s multi-round dialogue system delivers personalized content, enabling investors to rapidly access individual stock insights, distill key points from earnings calls, gauge market trends, and discern investor sentiment. This innovation significantly amplifies investment research efficiency and is seamlessly integrated with individual stock targets, alerting users to abnormal trading patterns or significant market events.</p><p style=\"text-align: left;\">The Company&#39;s wealth management business also saw robust growth, with a quarter-over-quarter increase of 41% in assets under management (AUM) and a 29% growth in users. The cash management product, &#34;Tiger Vault,&#34; experienced a 44% surge in AUM and a 36% growth in users. Tiger Vault&#39;s unique ability to directly purchase stocks, options, funds, and IPO subscriptions offers customers a seamless and integrated investment experience. Notably, around 17% of new customers who funded their accounts this quarter have included wealth management products in their portfolios.</p><p style=\"text-align: left;\"><strong>UP Fintech in top three for Hong Kong stock underwriting</strong><br/><strong>ESOP Client Engagement further strengthened</strong></p><p style=\"text-align: left;\">During the reporting period, the Company&#39;s other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), amounted to US$4.8 million.</p><p style=\"text-align: left;\">In the U.S., the Company&#39;s investment banking division acted as the exclusive lead underwriter for Ispire Technology Lmt.&#39;s IPO. Meanwhile, in Hong Kong, the Company underwrote six IPO projects during the quarter. Having underwritten 13 Hong Kong stock IPOs in the first half of the year, the Company now ranks among the top three for Hong Kong stock underwriting, confirmed by third-party data provider Wind.</p><p style=\"text-align: left;\">On the ESOP front, the Company&#39;s brand UponeShare welcomed 30 new corporate clients during the quarter, elevating the total number of corporate clients to 478, a 31.3% increase YoY. The second quarter witnessed a substantial YoY growth in repurchase rate, exceeding 2.6 times, and a 15.7% QoQ growth, reinforcing client engagement.</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\">*Example based on underlying Bosera USD Money Market Fund A shares. During 2023 Q2, the fund&#39;s recent 7-day average yield per US$10,000 exceeded US$1.3. Past performance data from a third party does not predict future performance.</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"><strong><u>About UP Fintech</u></strong></p><p style=\"text-align: left;\">UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage firm with a focus on redefining global investing with technologies for the next generation.</p><p style=\"text-align: left;\">Founded in 2014, the Company relentlessly offers superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.<br/>UP Fintech strives to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p style=\"text-align: left;\">In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and more than 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 70 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and Mainland China.<br/>For more information about UP Fintech as a Company, please visit itigerup.com.<br/>For media inquiries, please contact press@itiger.com</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"><strong><u>Safe Harbor Statement</u></strong></p><p style=\"text-align: left;\">This announcement contains forward−looking statements. These statements are made under the &#34;safe harbor&#34; provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as &#34;may,&#34; &#34;might,&#34; &#34;aim,&#34; &#34;likely to,&#34; &#34;will,&#34; &#34;expects,&#34; &#34;anticipates,&#34; &#34;future,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;believes,&#34; &#34;estimates&#34; and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company&#39;s strategic and operational plans, and expectations regarding growth, expansion of its business lines and customer acquisition, and the Company’s plans for future financing of its business, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company&#39;s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company&#39;s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company&#39;s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company&#39;s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC, including the Company&#39;s annual report on Form 20-F filed with the SEC on April 26, 2023. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC.</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\"> </p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UP Fintech Reports Two-Year High 2023 Q2 Results</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\">\nUP Fintech Reports Two-Year High 2023 Q2 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-08-29 16:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li><p>Revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increase</p></li><li><p style=\"text-align: left;\">Non-GAAP profit soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ), achieving a two-year record high.</p></li><li><p style=\"text-align: left;\">The launch of TigerGPT, an AI-powered investment assistant, in Singapore, New Zealand, Australia, and Hong Kong SAR, highlights the Company&#39;s commitment to cutting-edge fintech innovation.</p></li></ul><p style=\"text-align: left;\"><strong>Singapore and New York, Aug 29, 2023</strong> — UP Fintech Holding Limited (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), today announced its unaudited financial results for the second quarter ended June 30, 2023. Driven by a strategic global expansion and an unwavering commitment to fintech innovation, the Company&#39;s revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increase. The non-GAAP profit attributable to UP Fintech soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ) and nearly 3.4 times YoY, achieving a two-year record high, surpassing the previous year&#39;s total.</p><p style=\"text-align: left;\">During the second quarter, 58,582 new customer accounts were added to UP Fintech&#39;s global portfolio, bringing the total to 2.12 million. A total of 29,077 new customers with deposits (funded accounts) were added this quarter, elevating the total number of funded accounts to 840,931, marking a 15% increase YoY.</p><p style=\"text-align: left;\">The total trading volume by customers on the Company&#39;s platform reached US$65.1 billion during the second quarter, with US$19.3 billion attributed to stock trading. Additionally, 7.76 million options and futures contracts were traded by clients. Customer assets saw a significant increase, amounting to US$17.3 billion during the reporting period, a rise of 16.2% YoY. Moreover, the quarterly net asset inflow approached the substantial figure of US$1.6 billion, reflecting the strong trust and engagement the Company continues to foster within its client base.</p><p style=\"text-align: left;\"><strong>CEO highlights: strong performance, global expansion, and innovation</strong></p><p style=\"text-align: left;\">Wu Tianhua, CEO and founder of UP Fintech, said: &#34;The second quarter marked a period of gradual recovery in the overall market, and UP Fintech&#39;s performance mirrored this trend. Our revenue remained stable and showed encouraging improvement, culminating in a double-digit growth year-over-year. The non-GAAP net profit&#39;s significant growth, surpassing the total of the previous year, underscores our strong financial position.</p><p style=\"text-align: left;\">&#34;In the realm of international expansion, we are proud to report robust growth in our global customers with deposits. With nearly 60,000 funded clients acquired in the first half, we&#39;ve surpassed the halfway mark of our ambitious 100,000 new customer target for the year. Our strategic launch of diverse wealth management products in pivotal markets such as Singapore and Hong Kong has resonated well with our clientele. These initiatives offer more financial choices in an unpredictable market landscape. Separately, Australia&#39;s record growth underscores our global expansion success.</p><p style=\"text-align: left;\">&#34;As for product innovation, the second quarter saw the significant launch of our Hong Kong stock AIP (automatic investment plan). This positions Tiger Trade as one of the few platforms offering the AIP feature in both Hong Kong and U.S. stocks. By enabling small-amount investors to access high-priced stocks of premium companies, we have further democratized investment opportunities and broadened our reach.</p><p style=\"text-align: left;\">&#34;Looking to the future, our commitment to product and technological innovation remains unwavering. We will continue to fortify our leading positions in existing markets through quality financial services, streamline operations, and enhance efficiency. Our confidence in this strategic direction is steadfast, and we believe it will fuel sustainable growth, forging greater value for our customers and shareholders alike.&#34;</p><p style=\"text-align: left;\"><strong>Singapore: services introduced for high-net-worth clients</strong><br/><strong>Hong Kong, Australia: broadened product portfolio</strong></p><p style=\"text-align: left;\">In the second quarter, the Company further strengthened its presence in Singapore, a key strategic market. The Capital Market Services License (LMS) from the Monetary Authority of Singapore was obtained, followed by the subsequent launch of Tiger Fund Management (TFM) services.</p><p style=\"text-align: left;\">Targeting Singapore-centric investment themes such as Real Estate Investment Trusts (REITs), banking, and technology, TFM aims to secure long-term returns for high-net-worth clients. This initiative enhances the firm&#39;s wealth management capabilities in Singapore, where a remarkable monthly sequential growth rate in fund sales of up to 43% was observed during the quarter.</p><p style=\"text-align: left;\">Celebrating the Company&#39;s ninth anniversary, a series of offline events were hosted across Singapore&#39;s business districts, attracting over 10,000 participants and strengthening connections with clients.</p><p style=\"text-align: left;\">The Hong Kong market experienced significant growth in Q2, with new funded account numbers nearly tripling sequentially. The product portfolio was expanded, adding Hong Kong Hang Seng Index futures and global futures.  This quarter also marked the introduction of Tiger Vault, a cash management service featuring Hong Kong dollar and U.S. dollar money market funds. With a daily average yield of over US$ 1.3 per US$ 10,000 investment*, these innovative funds have outperformed similar products in Hong Kong. Creative marketing efforts, including themed vehicles, resonated with the public, enhancing brand awareness and appeal.</p><p style=\"text-align: left;\">The number of funding customers in Australia reached a record high in the quarter, nearly doubling sequentially. An innovative uninvested cash interest service, with a U.S. dollar annual interest rate of up to 3.25%, received widespread acclaim, reflecting our commitment to benefiting customers. Recognition also came through awards such as the 2023 Outstanding Value Award from Canstar and the 2023 Expert&#39;s Choice from Mozo.</p><p style=\"text-align: left;\">In New Zealand, the company collaborated with Massey University and the University of Otago to extend educational initiatives, promoting financial literacy through simulated trading activities and special lectures.</p><p style=\"text-align: left;\"><strong>Hong Kong stock AIP launched with investment threshold at HK$500</strong></p><p style=\"text-align: left;\"><strong>TigerGPT officially unveiled in Singapore, New Zealand, Australia, and Hong Kong</strong></p><p style=\"text-align: left;\">In the second quarter, commission income reached US$22.0 million, and interest-related income climbed to US$39.3 million, marking a QoQ increase of approximately 5%. This financial performance coincides with the Company&#39;s ongoing commitment to innovation, demonstrated by the introduction of transformative features such as the Hong Kong stock automatic investment plan (AIP) and the AI-powered investment assistant, TigerGPT.</p><p style=\"text-align: left;\">The introduction of the Hong Kong stock AIP lowers the entry threshold to the Hong Kong stock market to just HKD 500. With flexible investment plans available on a weekly, bi-weekly, or monthly basis, the Company is democratizing investment, leading the industry with unparalleled accessibility and adaptability.</p><p style=\"text-align: left;\">TigerGPT, following a successful beta testing, was officially unveiled to users in Singapore, New Zealand, Australia, and Hong Kong. TigerGPT&#39;s multi-round dialogue system delivers personalized content, enabling investors to rapidly access individual stock insights, distill key points from earnings calls, gauge market trends, and discern investor sentiment. This innovation significantly amplifies investment research efficiency and is seamlessly integrated with individual stock targets, alerting users to abnormal trading patterns or significant market events.</p><p style=\"text-align: left;\">The Company&#39;s wealth management business also saw robust growth, with a quarter-over-quarter increase of 41% in assets under management (AUM) and a 29% growth in users. The cash management product, &#34;Tiger Vault,&#34; experienced a 44% surge in AUM and a 36% growth in users. Tiger Vault&#39;s unique ability to directly purchase stocks, options, funds, and IPO subscriptions offers customers a seamless and integrated investment experience. Notably, around 17% of new customers who funded their accounts this quarter have included wealth management products in their portfolios.</p><p style=\"text-align: left;\"><strong>UP Fintech in top three for Hong Kong stock underwriting</strong><br/><strong>ESOP Client Engagement further strengthened</strong></p><p style=\"text-align: left;\">During the reporting period, the Company&#39;s other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), amounted to US$4.8 million.</p><p style=\"text-align: left;\">In the U.S., the Company&#39;s investment banking division acted as the exclusive lead underwriter for Ispire Technology Lmt.&#39;s IPO. Meanwhile, in Hong Kong, the Company underwrote six IPO projects during the quarter. Having underwritten 13 Hong Kong stock IPOs in the first half of the year, the Company now ranks among the top three for Hong Kong stock underwriting, confirmed by third-party data provider Wind.</p><p style=\"text-align: left;\">On the ESOP front, the Company&#39;s brand UponeShare welcomed 30 new corporate clients during the quarter, elevating the total number of corporate clients to 478, a 31.3% increase YoY. The second quarter witnessed a substantial YoY growth in repurchase rate, exceeding 2.6 times, and a 15.7% QoQ growth, reinforcing client engagement.</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\">*Example based on underlying Bosera USD Money Market Fund A shares. During 2023 Q2, the fund&#39;s recent 7-day average yield per US$10,000 exceeded US$1.3. Past performance data from a third party does not predict future performance.</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"><strong><u>About UP Fintech</u></strong></p><p style=\"text-align: left;\">UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage firm with a focus on redefining global investing with technologies for the next generation.</p><p style=\"text-align: left;\">Founded in 2014, the Company relentlessly offers superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.<br/>UP Fintech strives to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p style=\"text-align: left;\">In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and more than 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 70 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and Mainland China.<br/>For more information about UP Fintech as a Company, please visit itigerup.com.<br/>For media inquiries, please contact press@itiger.com</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"><strong><u>Safe Harbor Statement</u></strong></p><p style=\"text-align: left;\">This announcement contains forward−looking statements. These statements are made under the &#34;safe harbor&#34; provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as &#34;may,&#34; &#34;might,&#34; &#34;aim,&#34; &#34;likely to,&#34; &#34;will,&#34; &#34;expects,&#34; &#34;anticipates,&#34; &#34;future,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;believes,&#34; &#34;estimates&#34; and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company&#39;s strategic and operational plans, and expectations regarding growth, expansion of its business lines and customer acquisition, and the Company’s plans for future financing of its business, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company&#39;s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company&#39;s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company&#39;s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company&#39;s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC, including the Company&#39;s annual report on Form 20-F filed with the SEC on April 26, 2023. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC.</p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\"> </p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181092236","content_text":"Revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increaseNon-GAAP profit soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ), achieving a two-year record high.The launch of TigerGPT, an AI-powered investment assistant, in Singapore, New Zealand, Australia, and Hong Kong SAR, highlights the Company's commitment to cutting-edge fintech innovation.Singapore and New York, Aug 29, 2023 — UP Fintech Holding Limited (\"UP Fintech\" or the \"Company\", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), today announced its unaudited financial results for the second quarter ended June 30, 2023. Driven by a strategic global expansion and an unwavering commitment to fintech innovation, the Company's revenue for the quarter reached US$66.1 million, marking a 23.5% year-over-year (YoY) increase. The non-GAAP profit attributable to UP Fintech soared to US$15.3 million, up 48.4% quarter-over-quarter (QoQ) and nearly 3.4 times YoY, achieving a two-year record high, surpassing the previous year's total.During the second quarter, 58,582 new customer accounts were added to UP Fintech's global portfolio, bringing the total to 2.12 million. A total of 29,077 new customers with deposits (funded accounts) were added this quarter, elevating the total number of funded accounts to 840,931, marking a 15% increase YoY.The total trading volume by customers on the Company's platform reached US$65.1 billion during the second quarter, with US$19.3 billion attributed to stock trading. Additionally, 7.76 million options and futures contracts were traded by clients. Customer assets saw a significant increase, amounting to US$17.3 billion during the reporting period, a rise of 16.2% YoY. Moreover, the quarterly net asset inflow approached the substantial figure of US$1.6 billion, reflecting the strong trust and engagement the Company continues to foster within its client base.CEO highlights: strong performance, global expansion, and innovationWu Tianhua, CEO and founder of UP Fintech, said: \"The second quarter marked a period of gradual recovery in the overall market, and UP Fintech's performance mirrored this trend. Our revenue remained stable and showed encouraging improvement, culminating in a double-digit growth year-over-year. The non-GAAP net profit's significant growth, surpassing the total of the previous year, underscores our strong financial position.\"In the realm of international expansion, we are proud to report robust growth in our global customers with deposits. With nearly 60,000 funded clients acquired in the first half, we've surpassed the halfway mark of our ambitious 100,000 new customer target for the year. Our strategic launch of diverse wealth management products in pivotal markets such as Singapore and Hong Kong has resonated well with our clientele. These initiatives offer more financial choices in an unpredictable market landscape. Separately, Australia's record growth underscores our global expansion success.\"As for product innovation, the second quarter saw the significant launch of our Hong Kong stock AIP (automatic investment plan). This positions Tiger Trade as one of the few platforms offering the AIP feature in both Hong Kong and U.S. stocks. By enabling small-amount investors to access high-priced stocks of premium companies, we have further democratized investment opportunities and broadened our reach.\"Looking to the future, our commitment to product and technological innovation remains unwavering. We will continue to fortify our leading positions in existing markets through quality financial services, streamline operations, and enhance efficiency. Our confidence in this strategic direction is steadfast, and we believe it will fuel sustainable growth, forging greater value for our customers and shareholders alike.\"Singapore: services introduced for high-net-worth clientsHong Kong, Australia: broadened product portfolioIn the second quarter, the Company further strengthened its presence in Singapore, a key strategic market. The Capital Market Services License (LMS) from the Monetary Authority of Singapore was obtained, followed by the subsequent launch of Tiger Fund Management (TFM) services.Targeting Singapore-centric investment themes such as Real Estate Investment Trusts (REITs), banking, and technology, TFM aims to secure long-term returns for high-net-worth clients. This initiative enhances the firm's wealth management capabilities in Singapore, where a remarkable monthly sequential growth rate in fund sales of up to 43% was observed during the quarter.Celebrating the Company's ninth anniversary, a series of offline events were hosted across Singapore's business districts, attracting over 10,000 participants and strengthening connections with clients.The Hong Kong market experienced significant growth in Q2, with new funded account numbers nearly tripling sequentially. The product portfolio was expanded, adding Hong Kong Hang Seng Index futures and global futures.  This quarter also marked the introduction of Tiger Vault, a cash management service featuring Hong Kong dollar and U.S. dollar money market funds. With a daily average yield of over US$ 1.3 per US$ 10,000 investment*, these innovative funds have outperformed similar products in Hong Kong. Creative marketing efforts, including themed vehicles, resonated with the public, enhancing brand awareness and appeal.The number of funding customers in Australia reached a record high in the quarter, nearly doubling sequentially. An innovative uninvested cash interest service, with a U.S. dollar annual interest rate of up to 3.25%, received widespread acclaim, reflecting our commitment to benefiting customers. Recognition also came through awards such as the 2023 Outstanding Value Award from Canstar and the 2023 Expert's Choice from Mozo.In New Zealand, the company collaborated with Massey University and the University of Otago to extend educational initiatives, promoting financial literacy through simulated trading activities and special lectures.Hong Kong stock AIP launched with investment threshold at HK$500TigerGPT officially unveiled in Singapore, New Zealand, Australia, and Hong KongIn the second quarter, commission income reached US$22.0 million, and interest-related income climbed to US$39.3 million, marking a QoQ increase of approximately 5%. This financial performance coincides with the Company's ongoing commitment to innovation, demonstrated by the introduction of transformative features such as the Hong Kong stock automatic investment plan (AIP) and the AI-powered investment assistant, TigerGPT.The introduction of the Hong Kong stock AIP lowers the entry threshold to the Hong Kong stock market to just HKD 500. With flexible investment plans available on a weekly, bi-weekly, or monthly basis, the Company is democratizing investment, leading the industry with unparalleled accessibility and adaptability.TigerGPT, following a successful beta testing, was officially unveiled to users in Singapore, New Zealand, Australia, and Hong Kong. TigerGPT's multi-round dialogue system delivers personalized content, enabling investors to rapidly access individual stock insights, distill key points from earnings calls, gauge market trends, and discern investor sentiment. This innovation significantly amplifies investment research efficiency and is seamlessly integrated with individual stock targets, alerting users to abnormal trading patterns or significant market events.The Company's wealth management business also saw robust growth, with a quarter-over-quarter increase of 41% in assets under management (AUM) and a 29% growth in users. The cash management product, \"Tiger Vault,\" experienced a 44% surge in AUM and a 36% growth in users. Tiger Vault's unique ability to directly purchase stocks, options, funds, and IPO subscriptions offers customers a seamless and integrated investment experience. Notably, around 17% of new customers who funded their accounts this quarter have included wealth management products in their portfolios.UP Fintech in top three for Hong Kong stock underwritingESOP Client Engagement further strengthenedDuring the reporting period, the Company's other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), amounted to US$4.8 million.In the U.S., the Company's investment banking division acted as the exclusive lead underwriter for Ispire Technology Lmt.'s IPO. Meanwhile, in Hong Kong, the Company underwrote six IPO projects during the quarter. Having underwritten 13 Hong Kong stock IPOs in the first half of the year, the Company now ranks among the top three for Hong Kong stock underwriting, confirmed by third-party data provider Wind.On the ESOP front, the Company's brand UponeShare welcomed 30 new corporate clients during the quarter, elevating the total number of corporate clients to 478, a 31.3% increase YoY. The second quarter witnessed a substantial YoY growth in repurchase rate, exceeding 2.6 times, and a 15.7% QoQ growth, reinforcing client engagement. *Example based on underlying Bosera USD Money Market Fund A shares. During 2023 Q2, the fund's recent 7-day average yield per US$10,000 exceeded US$1.3. Past performance data from a third party does not predict future performance. About UP FintechUP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage firm with a focus on redefining global investing with technologies for the next generation.Founded in 2014, the Company relentlessly offers superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.UP Fintech strives to elevate financial technology R&D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and more than 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 70 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and Mainland China.For more information about UP Fintech as a Company, please visit itigerup.com.For media inquiries, please contact press@itiger.com Safe Harbor StatementThis announcement contains forward−looking statements. These statements are made under the \"safe harbor\" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as \"may,\" \"might,\" \"aim,\" \"likely to,\" \"will,\" \"expects,\" \"anticipates,\" \"future,\" \"intends,\" \"plans,\" \"believes,\" \"estimates\" and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company's strategic and operational plans, and expectations regarding growth, expansion of its business lines and customer acquisition, and the Company’s plans for future financing of its business, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (\"SEC\") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company's ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company's revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company's industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company's filings with the SEC, including the Company's annual report on Form 20-F filed with the SEC on April 26, 2023. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company's filings with the SEC.","news_type":1},"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":216802884214912,"gmtCreate":1693963893451,"gmtModify":1693963897378,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/216802884214912","repostId":"216308402921496","repostType":1,"repost":{"id":216308402921496,"gmtCreate":1693816855525,"gmtModify":1693818446306,"author":{"id":"10000000000010945","authorId":"10000000000010945","name":"Meme_Tiger","avatar":"https://community-static.tradeup.com/news/eb1a09788252e1f02cd561cbf0b1ac99","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"10000000000010945","authorIdStr":"10000000000010945"},"themes":[],"title":"🎁Feel that you have nothing to do when market won’t open today?","htmlText":"Share your memes with Meme_Tiger in the comment section and win tiger coins!Post image","listText":"Share your memes with Meme_Tiger in the comment section and win tiger coins!Post image","text":"Share your memes with Meme_Tiger in the comment section and win tiger coins!Post image","images":[{"img":"https://community-static.tradeup.com/news/e7c677b7b618738f7e97929ad55b1b2b","width":"640","height":"746"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/216308402921496","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":210862880825464,"gmtCreate":1692505045561,"gmtModify":1692505048702,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210862880825464","repostId":"210298268319776","repostType":1,"repost":{"id":210298268319776,"gmtCreate":1692365935270,"gmtModify":1692366134194,"author":{"id":"3527667645834579","authorId":"3527667645834579","name":"OptionsBB","avatar":"https://community-static.tradeup.com/news/d77352af64bc1f2e2b196137b6c9a363","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667645834579","authorIdStr":"3527667645834579"},"themes":[],"title":"Options Spy: The market pressure is huge, Google 0DTE options volume bearish","htmlText":"The Labor Department said on Thursday that initial claims for state unemployment benefits rose to an adjusted 239,000 last week, below market expectations of 240,000 and down from a revised 250,000. The number of people continuing to collect unemployment benefits last week came in at 1.716 million, below market expectations of 1.7 million and up from 1.84 million. Overall, the job market remains resilient.In political and economic news, minutes of the Federal Reserve's July meeting released on Wednesday showed that most officials pointed to significant upside risks to inflation that could warrant further tightening of monetary policy, and the market expects Fed Chair Jerome Bauer to make similar comments at the annual meeting of global central banks next week.Markets await next week's annu","listText":"The Labor Department said on Thursday that initial claims for state unemployment benefits rose to an adjusted 239,000 last week, below market expectations of 240,000 and down from a revised 250,000. The number of people continuing to collect unemployment benefits last week came in at 1.716 million, below market expectations of 1.7 million and up from 1.84 million. Overall, the job market remains resilient.In political and economic news, minutes of the Federal Reserve's July meeting released on Wednesday showed that most officials pointed to significant upside risks to inflation that could warrant further tightening of monetary policy, and the market expects Fed Chair Jerome Bauer to make similar comments at the annual meeting of global central banks next week.Markets await next week's annu","text":"The Labor Department said on Thursday that initial claims for state unemployment benefits rose to an adjusted 239,000 last week, below market expectations of 240,000 and down from a revised 250,000. The number of people continuing to collect unemployment benefits last week came in at 1.716 million, below market expectations of 1.7 million and up from 1.84 million. Overall, the job market remains resilient.In political and economic news, minutes of the Federal Reserve's July meeting released on Wednesday showed that most officials pointed to significant upside risks to inflation that could warrant further tightening of monetary policy, and the market expects Fed Chair Jerome Bauer to make similar comments at the annual meeting of global central banks next week.Markets await next week's annu","images":[{"img":"https://static.tigerbbs.com/5a4a8607f1154737f031a1345f7a7607","width":"2318","height":"734"},{"img":"https://static.tigerbbs.com/15d5135358722d6793bc747079cd98dd","width":"2318","height":"1042"},{"img":"https://static.tigerbbs.com/62bbfebb8faa72e8e427328c282c913c","width":"2296","height":"1346"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210298268319776","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098332839,"gmtCreate":1644023326437,"gmtModify":1676533882501,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Its coming home&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Its coming home&nbsp;","text":"$Tiger Brokers(TIGR)$Its coming home","images":[{"img":"https://static.itradeup.com/news/eb876fa95433b4e25fce4b5f55687334","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098332839","isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":369296943849672,"gmtCreate":1731198060010,"gmtModify":1731198065763,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> Based on recent technical analysis and market outlook, Tesla's stock is not widely expected to hit $400 by the end of 2024. Tesla's price has been quite volatile this year, recently trading around $321, with analysts giving a consensus price target much lower than $400. The average 12-month price target from analysts is approximately $222, while the highest target is near $350, which suggests limited expectations for substantial upward movement in the near term. Several challenges contribute to this outlook. Tesla has faced increasing competition in the electric vehicle (EV) space, alongside regulatory concerns about its autonomous driving features. High interest rates and lower-than-expected earnings have also impacted","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> Based on recent technical analysis and market outlook, Tesla's stock is not widely expected to hit $400 by the end of 2024. Tesla's price has been quite volatile this year, recently trading around $321, with analysts giving a consensus price target much lower than $400. The average 12-month price target from analysts is approximately $222, while the highest target is near $350, which suggests limited expectations for substantial upward movement in the near term. Several challenges contribute to this outlook. Tesla has faced increasing competition in the electric vehicle (EV) space, alongside regulatory concerns about its autonomous driving features. High interest rates and lower-than-expected earnings have also impacted","text":"$Tesla Motors(TSLA)$ Based on recent technical analysis and market outlook, Tesla's stock is not widely expected to hit $400 by the end of 2024. Tesla's price has been quite volatile this year, recently trading around $321, with analysts giving a consensus price target much lower than $400. The average 12-month price target from analysts is approximately $222, while the highest target is near $350, which suggests limited expectations for substantial upward movement in the near term. Several challenges contribute to this outlook. Tesla has faced increasing competition in the electric vehicle (EV) space, alongside regulatory concerns about its autonomous driving features. High interest rates and lower-than-expected earnings have also impacted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369296943849672","isVote":1,"tweetType":1,"viewCount":968,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":267307262415120,"gmtCreate":1706291637019,"gmtModify":1706291640355,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/WULF\">$TeraWulf Inc.(WULF)$ </a> lol","listText":"<a href=\"https://ttm.financial/S/WULF\">$TeraWulf Inc.(WULF)$ </a> lol","text":"$TeraWulf Inc.(WULF)$ lol","images":[{"img":"https://community-static.tradeup.com/news/14d9703e932e3934a11872b929e29e11","width":"898","height":"1475"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/267307262415120","isVote":1,"tweetType":1,"viewCount":567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":210863494672488,"gmtCreate":1692505037464,"gmtModify":1692505040521,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210863494672488","repostId":"210336806436928","repostType":1,"repost":{"id":210336806436928,"gmtCreate":1692376538729,"gmtModify":1692376656525,"author":{"id":"3570103090255456","authorId":"3570103090255456","name":"JC888","avatar":"https://community-static.tradeup.com/news/f3e3c0218599fca5c4e265ddbee1fb32","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570103090255456","authorIdStr":"3570103090255456"},"themes":[],"title":"Don't Invest In Chinese Stocks, US Is \"Better\"?","htmlText":"I think it is really risky to invest in Chinese stocks in the current climate. There I said it! When I mention “Chinese stocks”, I refer to stocks from both China and Hong Kong exchanges. Both China and Hong Kong economies are in a doldrum to put it mildly. This alone makes investment risky, when any economy is faltering due to many reasons. If you have been keeping up with the news coming out from China, you will concur too. (1) Property Market Crisis. China property market is facing a major crisis. Many developers (state backed and private) are roiling the nation’s dollar-bond market and adding to concerns about the health of China, the world’s second-largest economy. This includes Country Garden (latest developer) seeking delay payment (for another 3 years) on a private onshore bond for","listText":"I think it is really risky to invest in Chinese stocks in the current climate. There I said it! When I mention “Chinese stocks”, I refer to stocks from both China and Hong Kong exchanges. Both China and Hong Kong economies are in a doldrum to put it mildly. This alone makes investment risky, when any economy is faltering due to many reasons. If you have been keeping up with the news coming out from China, you will concur too. (1) Property Market Crisis. China property market is facing a major crisis. Many developers (state backed and private) are roiling the nation’s dollar-bond market and adding to concerns about the health of China, the world’s second-largest economy. This includes Country Garden (latest developer) seeking delay payment (for another 3 years) on a private onshore bond for","text":"I think it is really risky to invest in Chinese stocks in the current climate. There I said it! When I mention “Chinese stocks”, I refer to stocks from both China and Hong Kong exchanges. Both China and Hong Kong economies are in a doldrum to put it mildly. This alone makes investment risky, when any economy is faltering due to many reasons. If you have been keeping up with the news coming out from China, you will concur too. (1) Property Market Crisis. China property market is facing a major crisis. Many developers (state backed and private) are roiling the nation’s dollar-bond market and adding to concerns about the health of China, the world’s second-largest economy. This includes Country Garden (latest developer) seeking delay payment (for another 3 years) on a private onshore bond for","images":[{"img":"https://community-static.tradeup.com/news/f4ad72e80ca9e9bc6e911084d7e95b2a","width":"1796","height":"308"},{"img":"https://community-static.tradeup.com/news/6388262c0912af43ef1f1228baec6bd6","width":"1252","height":"211"},{"img":"https://community-static.tradeup.com/news/65a02fc1fa73dde4f355891b4577d428","width":"808","height":"139"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210336806436928","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":15,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186062071894112,"gmtCreate":1686464586646,"gmtModify":1686464591249,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186062071894112","repostId":"185597897265152","repostType":1,"repost":{"id":185597897265152,"gmtCreate":1686320129902,"gmtModify":1686563137787,"author":{"id":"3501196737273098","authorId":"3501196737273098","name":"Tiger_comments","avatar":"https://community-static.tradeup.com/news/227887b200e9925968650d5db4a8bfb3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3501196737273098","authorIdStr":"3501196737273098"},"themes":[],"title":"[9th Anniv. Quiz] Analysts Suggest Cautious As SPX. Entered Technical Bull Market","htmlText":"On Thursday, three major US stock indexes collectively closed higher. At the close, <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> settled at 4293.93, rebounding 20% from its low point in October 2022, entering a technical bull market. It also signalled the ending of the longest <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> bear market since the 1940s. Tech sector rally end the second longest bear marketThe S&amp;P 500 index has been in bear market territory for 244 trading days, marking the longest duration since May 15, 1948. That year, the bear market lasted for 484 trading days. Historically, bear markets have an average duration of 142 trading days.S&amp;P 500 index has risen 11.5% year-to-date, but a large portion of the gains are attributed to surges","listText":"On Thursday, three major US stock indexes collectively closed higher. At the close, <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> settled at 4293.93, rebounding 20% from its low point in October 2022, entering a technical bull market. It also signalled the ending of the longest <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> bear market since the 1940s. Tech sector rally end the second longest bear marketThe S&amp;P 500 index has been in bear market territory for 244 trading days, marking the longest duration since May 15, 1948. That year, the bear market lasted for 484 trading days. Historically, bear markets have an average duration of 142 trading days.S&amp;P 500 index has risen 11.5% year-to-date, but a large portion of the gains are attributed to surges","text":"On Thursday, three major US stock indexes collectively closed higher. At the close, $S&P 500(.SPX)$ settled at 4293.93, rebounding 20% from its low point in October 2022, entering a technical bull market. It also signalled the ending of the longest $S&P 500(.SPX)$ bear market since the 1940s. Tech sector rally end the second longest bear marketThe S&P 500 index has been in bear market territory for 244 trading days, marking the longest duration since May 15, 1948. That year, the bear market lasted for 484 trading days. Historically, bear markets have an average duration of 142 trading days.S&P 500 index has risen 11.5% year-to-date, but a large portion of the gains are attributed to surges","images":[{"img":"https://community-static.tradeup.com/news/e5b60827ac5865da6b69db1de4f9474e","width":"950","height":"1580"},{"img":"https://community-static.tradeup.com/news/8c908266987fc98b3287b8e6362b0624","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/f09a0c82d8d8204398d3f2ef2be5092d","width":"1000","height":"836"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185597897265152","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164500809,"gmtCreate":1624224394201,"gmtModify":1703830749885,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"Please like and comment .... Thank u","listText":"Please like and comment .... Thank u","text":"Please like and comment .... Thank u","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/164500809","repostId":"1133385197","repostType":4,"repost":{"id":"1133385197","kind":"news","pubTimestamp":1624151969,"share":"https://ttm.financial/m/news/1133385197?lang=&edition=fundamental","pubTime":"2021-06-20 09:19","market":"us","language":"en","title":"Answering the great inflation question of our time","url":"https://stock-news.laohu8.com/highlight/detail?id=1133385197","media":"finance.yahoo","summary":"Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up","content":"<p>Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.</p>\n<p>Unfortunately pretty much everything else about inflation—a red hot topic these days—is conjecture. And that’s vexing, not just for the dismal scientists (aka economists), but for all of us, because whether or not prices are really rising, by how much and for how long, has massive implications in our lives. Or as Mark Zandi, chief economist at Moody’s Analytics, says: “Inflation is one of the mysteries of economic study and thought. A difficult thing to gauge and forecast and get right. That’s why the risks are high.”</p>\n<p>The current debate over inflation really revolves around two questions: First, is this current spate of inflation, just that, a spate—or to use Wall Street’s buzzword of the moment, “transitory,”—or not? (Just to give you an idea of how buzzy, when I Google the word “transitory” the search engine suggests “inflation” after it.) And second, transitory (aka temporary) inflation or not, what does it suggest for the economy and markets?</p>\n<p>Before I get into that, let me lay out what’s going on with prices right now. First, know that inflation,which peaked in 1980 at an annualized rate of 13.55%,has been tame for quite some time, specifically 4% or less for nearly 30 years. Which means that anyone 40 years old or younger has no experience with inflation other than maybe from an Econ 101 textbook. Obviously that could be a problem.</p>\n<p>As an aside I remember President Ford in 1974 trying to jawbone inflation down with his \"Whip Inflation Now\" campaign, which featured“Win” buttons,earringsand evenugly sweaters.None of this worked and it took draconian measures by Fed Chair Paul Volcker (raising rates and targeting money supply,as described by Former President of the Federal Reserve Bank of St. Louis, William Poole)to eventually tame inflation and keep it under wraps for all those years.</p>\n<p>Until now perhaps. Last week theLabor Department reported that consumer prices (the CPI, or consumer price index) rose 5% in May,the fastest annual rate in nearly 13 years—which was when the economy was overheating from the housing boom which subsequently went bust and sent the economy off a cliff and into the Great Recession. Core inflation, which excludes volatile food and energy prices, was up 3.8%, the biggest increase since May 1992. (For the record, the likelihood of the economy tanking right now is de minimis.)</p>\n<p><img src=\"https://static.tigerbbs.com/87f75dfcb98fb5a0e7c3f9d3f8d336e2\" tg-width=\"705\" tg-height=\"412\" referrerpolicy=\"no-referrer\"></p>\n<p>Used car and truck prices are a major driver of inflation, climbing 7.3% last month and 29.7% over the past year. New car prices are up too, which have pushed upshares of Ford and GM a remarkable 40% plus this year.Clearly Americans want to buy vehicles to go on vacation and get back to work. And Yahoo Finance’sJanna Herron reportsthat rents are rising at their fastest pace in 15 years.</p>\n<p>To be sure, not all prices are climbing.As Yahoo Finance’s Rick Newman points out,prices are not up much at all for health care, education and are basically flat for technology, including computers, smartphones and internet service (an important point which we’ll get back to.)</p>\n<p>But that’s the counterpoint really. Americans are obsessed with cars, housing is critical and many of us are experiencing sticker shock booking travel this summer. Higher prices are front and center. Wall Street too is in a tizzy about inflation, and concerns about it and more importantly Federal Reserve policy in response to inflation (see below), sent stocks lower with the S&amp;P 500 down 1.91% this week, its worst week since February.</p>\n<p>Given this backdrop, the tension (such as it is) was high when the Fed met this week to deliver its forecast and for Chair Jay Powell to answer questions from the media. Or at least so said hedge fund honcho Paul Tudor Jones,who characterized the proceedings on CNBCas “the most important meeting in [Chairman] Jay Powell’s career, certainly the most important Fed meeting of the past four or five years.” Jones was critical of the Fed, which he believes is now stimulating the economy unnecessarily by keeping interest rates low and by buying financial assets. Unnecessarily, Jones says, because the economy is already running hot and needs no support. The Fed (which is in the transitory camp when it comes to inflation) risks overheating the economy by creating runaway inflation, according to PTJ.</p>\n<p>Now I don’t see eye to eye with Jones on this, though I should point out, he's a billionaire from investing in financial markets, and let’s just say I’m not. I should also point out that Jones, 66, is in fact old enough to remember inflation, never mind that as a young man he called the 1987 stock market crash. So we should all ignore Jones at our peril.</p>\n<p>As for what the Fed put forth this past Wednesday, well it wasn’t much, signaling an expectation ofraising interest rates twice by the end of 2023(yes, that is down the road.) And Powell, who’s become much more adept at not rippling the waters these days after some rougher forays earlier in his tenure, didn’t drop any bombshells in the presser.</p>\n<p>Which brings us to the question of why the Federal Reserve isn’t so concerned about inflation and thinks it is mostly—here’s that word again—transitory. To answer that, we need to first address why prices are rising right now, which can be summed up in one very familiar abbreviation: COVID-19. When COVID hit last spring the economy collapsed, which crushed demand in sectors like leisure, travel and retail. Now the economy is roaring back to life and businesses can raise prices, certainly over 2020 levels.</p>\n<p>“We clearly should’ve expected it,” says William Spriggs, chief economist at the AFL-CIO and a professor of economics at Howard University. “You can’t shut down the economy and think you turn on the switch [without some inflation].”</p>\n<p>“We had a pandemic that forced an artificial shutdown of the economy in a way that even the collapse of the financial system and the housing market didn’t, and we had a snapback at a rate we’ve never seen before—not because of the fundamentals driving recovery but because of government,” says Joel Naroff, president and chief economist of Naroff Economics.</p>\n<p>COVID had other secondary effects on the economy though, besides just ultimately producing a snapback. For one thing, the pandemic throttled supply chains, specifically the shipping of parts and components from one part of the globe to another. It also confused managers about how much to produce and therefore how many parts to order.</p>\n<p>A prime example here is what happened to the chip (semiconductor) and auto industrieswhich I wrote about last month.Car makers thought no one would buy vehicles during the pandemic and pared back their orders with chipmakers, (which were having a tough time shipping their chips anyway.) Turned out the car guys were wrong, millions of people wanted cars and trucks, but the automakers didn’t have enough chips for their cars and had to curb production. Fewer vehicles and strong demand led to higher new car prices, which cascaded to used car prices then to car rental rates. Net net, all the friction and slowness of getting things delivered now adds to costs which causes companies to raise prices.</p>\n<p>Another secondary effect of COVID which has been inflationary comes from employment,which I got into a bit last week.We all know millions were thrown out of work by COVID last year, many of whom were backstopped by government payments that could add up to $600 a week (state and federal.) These folks have been none too keen on coming back to work for minimum wage, or $290 a week. So to lure them back employers are having to pay more, which puts more money in people's pockets which allows stores for example to raise prices.</p>\n<p><b>Anti-inflation forces</b></p>\n<p>But here’s the big-time question: If COVID was temporary, and therefore its effects are temporary and inflation is one of its effects then doesn’t it follow, ipso facto, that inflation is (OK I’ll say it again), transitory?</p>\n<p>I say yes, (with a bit of a caveat.) And most economists, like Claudia Sahm, a senior fellow at the Jain Family Institute and a former Federal Reserve economist, agree. “‘Transitory’ has become a buzzword,” she says. “It is important to be more concrete about what we mean by that. We’re probably going to see in the next few months inflation numbers that are bigger than average, but as long as they keep stepping down, that’s the sign of it being transitory. If we didn’t see any sign of inflation stepping down some, it would’ve started feeling like ‘Houston, we have a problem.’”</p>\n<p>To buttress my argument beyond that above \"if-then\" syllogism, let’s take a look at why inflation has been so low for the past three decades.</p>\n<p>To me this is mostly obvious. Prices have been tamped down by the greatest anti-inflation force of our lifetime, that being technology, specifically the explosion of consumer technology. Think about it. The first wave of technology, a good example would be IBM mainframes, saved big companies money in back-office functions, savings which they mostly kept for themselves (higher profits) and their shareholders. But the four great landmark events in the advent of consumer technology; the introduction ofthe PC in 1974 (MITS Altair),the Netscape IPO of 1995,Google search in 1998,and the launch of theiPhone in 2007(I remember Steve Jobs demoing it to me like it was yesterday), greatly accelerated, broadened and deepened this deflationary trend.</p>\n<p>Not only has technology been pushing down the cost of everything from drilling for oil, to manufacturing clothes to farming, and allowing for the creation of groundbreaking (and deflationary) competitors like Uber, Airbnb and Netflix, but it also let consumers find—on their phones—the most affordable trip to Hawaii, the least expensive haircut or the best deal on Nikes.</p>\n<p>So technology has reduced the cost of almost everything and will continue to do so the rest of our lifetime. Bottom line: Unless something terrible happens, the power of technology will outweigh and outlive COVID.</p>\n<p>There is one mitigating factor and that is globalism, which is connected to both technology and COVID. Let me briefly explain.</p>\n<p>After World War II, most of humanity has become more and more connected in terms of trade, communication, travel, etc. (See supply chain above.) Technology of course was a major enabler here; better ships, planes and faster internet, all of which as it grew more potent, accelerated globalism. Another element was the introduction of political constructs like the World Trade Organization and NAFTA. (I think of the Clinton administration andChina joining the WTO in 2001as perhaps the high-water marks of globalization.)</p>\n<p>Like its technological cousin, globalism has deflationary effects particularly on the labor front as companies could more and more easily find lowest cost countries to produce goods and source materials. And like technology, globalization seemed inexorable, which it was, until it wasn’t. Political winds, manifested by the likes of Brexit and leaders like Putin, Xi Jinping, Erdogan, Bolsonaro, Duterte and of course Donald Trump have caused globalism to wane and anti-globalism and nationalism to wax.</p>\n<p>The internet too, once seen as only a great connector, has also become a global divider, as the world increasingly fractures into Chinese, U.S. and European walled digital zones when it comes to social media and search for example. Security risks, privacy, spying and hacking of course divide us further here too.</p>\n<p>So technology, which had made globalism stronger and stronger, now also makes it weaker and weaker.</p>\n<p>COVID plays a role in rethinking globalism as it exposes vulnerabilities in the supply chain. Companies that were rethinking their manufacturing in China but considering another country, are now wondering if it just makes sense to repatriate the whole shebang. Supply chains that were optimized for cost only are being rethought with security and reliability being factored in and that costs money.</p>\n<p>How significant is this decline in globalization and how permanent is it? Good questions. But my point here is whether or not \"globalism disrupted\" is transitory (!) or not, it could push prices up, (in the short and intermediate run at least), as cost is sacrificed for predictability. Longer term I say Americans are a resourceful people. We’ll figure out how to make cost effective stuff in the U.S. It’s also likely that globalism will trend upward again, though perhaps not as unfettered as it once was.</p>\n<p>More downward pressure on pricing could come from shifts in employment practices. Mark Zandi points out that “the work-from-anywhere dynamic could depress wage growth and prices. If I don’t need to work in New York anymore and could live in Tampa, it stands to reason my wage could get cut or I won’t get the same wage increase in the future.”</p>\n<p>And so what is Zandi’s take on transitory? “What we’re observing now is prices going back to pre-pandemic,” he says. “The price spikes we’re experiencing now will continue for the next few months through summer but certainly by the end of year, this time next year, they will have disappeared. I do think underlying inflation will be higher post-pandemic than pre-pandemic, but that’s a feature not a bug.”</p>\n<p>I don’t disagree. To me it’s simple: The technology wave I’ve described above is bigger than COVID and bigger than the rise and fall of globalism. And that is why, ladies and gentlemen, I believe inflation will be transitory, certainly in the long run. (Though I’m well aware of whatJohn Maynard Keynes said about the long run.)</p>","source":"lsy1612507957220","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>Answering the great inflation question of our time</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\">\nAnswering the great inflation question of our time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-20 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.\nUnfortunately pretty much everything else about inflation—a red hot topic these...</p>\n\n<a href=\"https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133385197","content_text":"Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.\nUnfortunately pretty much everything else about inflation—a red hot topic these days—is conjecture. And that’s vexing, not just for the dismal scientists (aka economists), but for all of us, because whether or not prices are really rising, by how much and for how long, has massive implications in our lives. Or as Mark Zandi, chief economist at Moody’s Analytics, says: “Inflation is one of the mysteries of economic study and thought. A difficult thing to gauge and forecast and get right. That’s why the risks are high.”\nThe current debate over inflation really revolves around two questions: First, is this current spate of inflation, just that, a spate—or to use Wall Street’s buzzword of the moment, “transitory,”—or not? (Just to give you an idea of how buzzy, when I Google the word “transitory” the search engine suggests “inflation” after it.) And second, transitory (aka temporary) inflation or not, what does it suggest for the economy and markets?\nBefore I get into that, let me lay out what’s going on with prices right now. First, know that inflation,which peaked in 1980 at an annualized rate of 13.55%,has been tame for quite some time, specifically 4% or less for nearly 30 years. Which means that anyone 40 years old or younger has no experience with inflation other than maybe from an Econ 101 textbook. Obviously that could be a problem.\nAs an aside I remember President Ford in 1974 trying to jawbone inflation down with his \"Whip Inflation Now\" campaign, which featured“Win” buttons,earringsand evenugly sweaters.None of this worked and it took draconian measures by Fed Chair Paul Volcker (raising rates and targeting money supply,as described by Former President of the Federal Reserve Bank of St. Louis, William Poole)to eventually tame inflation and keep it under wraps for all those years.\nUntil now perhaps. Last week theLabor Department reported that consumer prices (the CPI, or consumer price index) rose 5% in May,the fastest annual rate in nearly 13 years—which was when the economy was overheating from the housing boom which subsequently went bust and sent the economy off a cliff and into the Great Recession. Core inflation, which excludes volatile food and energy prices, was up 3.8%, the biggest increase since May 1992. (For the record, the likelihood of the economy tanking right now is de minimis.)\n\nUsed car and truck prices are a major driver of inflation, climbing 7.3% last month and 29.7% over the past year. New car prices are up too, which have pushed upshares of Ford and GM a remarkable 40% plus this year.Clearly Americans want to buy vehicles to go on vacation and get back to work. And Yahoo Finance’sJanna Herron reportsthat rents are rising at their fastest pace in 15 years.\nTo be sure, not all prices are climbing.As Yahoo Finance’s Rick Newman points out,prices are not up much at all for health care, education and are basically flat for technology, including computers, smartphones and internet service (an important point which we’ll get back to.)\nBut that’s the counterpoint really. Americans are obsessed with cars, housing is critical and many of us are experiencing sticker shock booking travel this summer. Higher prices are front and center. Wall Street too is in a tizzy about inflation, and concerns about it and more importantly Federal Reserve policy in response to inflation (see below), sent stocks lower with the S&P 500 down 1.91% this week, its worst week since February.\nGiven this backdrop, the tension (such as it is) was high when the Fed met this week to deliver its forecast and for Chair Jay Powell to answer questions from the media. Or at least so said hedge fund honcho Paul Tudor Jones,who characterized the proceedings on CNBCas “the most important meeting in [Chairman] Jay Powell’s career, certainly the most important Fed meeting of the past four or five years.” Jones was critical of the Fed, which he believes is now stimulating the economy unnecessarily by keeping interest rates low and by buying financial assets. Unnecessarily, Jones says, because the economy is already running hot and needs no support. The Fed (which is in the transitory camp when it comes to inflation) risks overheating the economy by creating runaway inflation, according to PTJ.\nNow I don’t see eye to eye with Jones on this, though I should point out, he's a billionaire from investing in financial markets, and let’s just say I’m not. I should also point out that Jones, 66, is in fact old enough to remember inflation, never mind that as a young man he called the 1987 stock market crash. So we should all ignore Jones at our peril.\nAs for what the Fed put forth this past Wednesday, well it wasn’t much, signaling an expectation ofraising interest rates twice by the end of 2023(yes, that is down the road.) And Powell, who’s become much more adept at not rippling the waters these days after some rougher forays earlier in his tenure, didn’t drop any bombshells in the presser.\nWhich brings us to the question of why the Federal Reserve isn’t so concerned about inflation and thinks it is mostly—here’s that word again—transitory. To answer that, we need to first address why prices are rising right now, which can be summed up in one very familiar abbreviation: COVID-19. When COVID hit last spring the economy collapsed, which crushed demand in sectors like leisure, travel and retail. Now the economy is roaring back to life and businesses can raise prices, certainly over 2020 levels.\n“We clearly should’ve expected it,” says William Spriggs, chief economist at the AFL-CIO and a professor of economics at Howard University. “You can’t shut down the economy and think you turn on the switch [without some inflation].”\n“We had a pandemic that forced an artificial shutdown of the economy in a way that even the collapse of the financial system and the housing market didn’t, and we had a snapback at a rate we’ve never seen before—not because of the fundamentals driving recovery but because of government,” says Joel Naroff, president and chief economist of Naroff Economics.\nCOVID had other secondary effects on the economy though, besides just ultimately producing a snapback. For one thing, the pandemic throttled supply chains, specifically the shipping of parts and components from one part of the globe to another. It also confused managers about how much to produce and therefore how many parts to order.\nA prime example here is what happened to the chip (semiconductor) and auto industrieswhich I wrote about last month.Car makers thought no one would buy vehicles during the pandemic and pared back their orders with chipmakers, (which were having a tough time shipping their chips anyway.) Turned out the car guys were wrong, millions of people wanted cars and trucks, but the automakers didn’t have enough chips for their cars and had to curb production. Fewer vehicles and strong demand led to higher new car prices, which cascaded to used car prices then to car rental rates. Net net, all the friction and slowness of getting things delivered now adds to costs which causes companies to raise prices.\nAnother secondary effect of COVID which has been inflationary comes from employment,which I got into a bit last week.We all know millions were thrown out of work by COVID last year, many of whom were backstopped by government payments that could add up to $600 a week (state and federal.) These folks have been none too keen on coming back to work for minimum wage, or $290 a week. So to lure them back employers are having to pay more, which puts more money in people's pockets which allows stores for example to raise prices.\nAnti-inflation forces\nBut here’s the big-time question: If COVID was temporary, and therefore its effects are temporary and inflation is one of its effects then doesn’t it follow, ipso facto, that inflation is (OK I’ll say it again), transitory?\nI say yes, (with a bit of a caveat.) And most economists, like Claudia Sahm, a senior fellow at the Jain Family Institute and a former Federal Reserve economist, agree. “‘Transitory’ has become a buzzword,” she says. “It is important to be more concrete about what we mean by that. We’re probably going to see in the next few months inflation numbers that are bigger than average, but as long as they keep stepping down, that’s the sign of it being transitory. If we didn’t see any sign of inflation stepping down some, it would’ve started feeling like ‘Houston, we have a problem.’”\nTo buttress my argument beyond that above \"if-then\" syllogism, let’s take a look at why inflation has been so low for the past three decades.\nTo me this is mostly obvious. Prices have been tamped down by the greatest anti-inflation force of our lifetime, that being technology, specifically the explosion of consumer technology. Think about it. The first wave of technology, a good example would be IBM mainframes, saved big companies money in back-office functions, savings which they mostly kept for themselves (higher profits) and their shareholders. But the four great landmark events in the advent of consumer technology; the introduction ofthe PC in 1974 (MITS Altair),the Netscape IPO of 1995,Google search in 1998,and the launch of theiPhone in 2007(I remember Steve Jobs demoing it to me like it was yesterday), greatly accelerated, broadened and deepened this deflationary trend.\nNot only has technology been pushing down the cost of everything from drilling for oil, to manufacturing clothes to farming, and allowing for the creation of groundbreaking (and deflationary) competitors like Uber, Airbnb and Netflix, but it also let consumers find—on their phones—the most affordable trip to Hawaii, the least expensive haircut or the best deal on Nikes.\nSo technology has reduced the cost of almost everything and will continue to do so the rest of our lifetime. Bottom line: Unless something terrible happens, the power of technology will outweigh and outlive COVID.\nThere is one mitigating factor and that is globalism, which is connected to both technology and COVID. Let me briefly explain.\nAfter World War II, most of humanity has become more and more connected in terms of trade, communication, travel, etc. (See supply chain above.) Technology of course was a major enabler here; better ships, planes and faster internet, all of which as it grew more potent, accelerated globalism. Another element was the introduction of political constructs like the World Trade Organization and NAFTA. (I think of the Clinton administration andChina joining the WTO in 2001as perhaps the high-water marks of globalization.)\nLike its technological cousin, globalism has deflationary effects particularly on the labor front as companies could more and more easily find lowest cost countries to produce goods and source materials. And like technology, globalization seemed inexorable, which it was, until it wasn’t. Political winds, manifested by the likes of Brexit and leaders like Putin, Xi Jinping, Erdogan, Bolsonaro, Duterte and of course Donald Trump have caused globalism to wane and anti-globalism and nationalism to wax.\nThe internet too, once seen as only a great connector, has also become a global divider, as the world increasingly fractures into Chinese, U.S. and European walled digital zones when it comes to social media and search for example. Security risks, privacy, spying and hacking of course divide us further here too.\nSo technology, which had made globalism stronger and stronger, now also makes it weaker and weaker.\nCOVID plays a role in rethinking globalism as it exposes vulnerabilities in the supply chain. Companies that were rethinking their manufacturing in China but considering another country, are now wondering if it just makes sense to repatriate the whole shebang. Supply chains that were optimized for cost only are being rethought with security and reliability being factored in and that costs money.\nHow significant is this decline in globalization and how permanent is it? Good questions. But my point here is whether or not \"globalism disrupted\" is transitory (!) or not, it could push prices up, (in the short and intermediate run at least), as cost is sacrificed for predictability. Longer term I say Americans are a resourceful people. We’ll figure out how to make cost effective stuff in the U.S. It’s also likely that globalism will trend upward again, though perhaps not as unfettered as it once was.\nMore downward pressure on pricing could come from shifts in employment practices. Mark Zandi points out that “the work-from-anywhere dynamic could depress wage growth and prices. If I don’t need to work in New York anymore and could live in Tampa, it stands to reason my wage could get cut or I won’t get the same wage increase in the future.”\nAnd so what is Zandi’s take on transitory? “What we’re observing now is prices going back to pre-pandemic,” he says. “The price spikes we’re experiencing now will continue for the next few months through summer but certainly by the end of year, this time next year, they will have disappeared. I do think underlying inflation will be higher post-pandemic than pre-pandemic, but that’s a feature not a bug.”\nI don’t disagree. To me it’s simple: The technology wave I’ve described above is bigger than COVID and bigger than the rise and fall of globalism. And that is why, ladies and gentlemen, I believe inflation will be transitory, certainly in the long run. (Though I’m well aware of whatJohn Maynard Keynes said about the long run.)","news_type":1},"isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3579591519090572","authorId":"3579591519090572","name":"El_Nino","avatar":"https://static.tigerbbs.com/6b1b731af69caf76640812930188d9d2","crmLevel":2,"crmLevelSwitch":0,"idStr":"3579591519090572","authorIdStr":"3579591519090572"},"content":"Like n comment pls","text":"Like n comment pls","html":"Like n comment pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180453157,"gmtCreate":1623222188379,"gmtModify":1704198659298,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Hello, any Paper handers let go ur share let the Apes take over from here","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Hello, any Paper handers let go ur share let the Apes take over from here","text":"$AMC Entertainment(AMC)$Hello, any Paper handers let go ur share let the Apes take over from here","images":[{"img":"https://static.tigerbbs.com/ec0433a438e1b829b885358f92f01dce","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/180453157","isVote":1,"tweetType":1,"viewCount":674,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569263012755494","authorId":"3569263012755494","name":"ChrisOh","avatar":"https://community-static.tradeup.com/news/51329ba6f05c52f2d9e45a59b323ceb3","crmLevel":2,"crmLevelSwitch":0,"idStr":"3569263012755494","authorIdStr":"3569263012755494"},"content":"paper hander.. you all have done well so far. like diamond hander take over... we will go to the moon","text":"paper hander.. you all have done well so far. like diamond hander take over... we will go to the moon","html":"paper hander.. you all have done well so far. like diamond hander take over... we will go to the moon"}],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}