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2021-07-01

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Acumen Pharmaceuticals Pursues $125 Million IPO

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10:54","market":"us","language":"en","title":"Acumen Pharmaceuticals Pursues $125 Million IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1129431555","media":"seekingalpha","summary":"Summary\n\nAcumen Pharmaceuticals has filed proposed terms for a $125 million IPO.\nThe firm is develop","content":"<p><b>Summary</b></p>\n<ul>\n <li>Acumen Pharmaceuticals has filed proposed terms for a $125 million IPO.</li>\n <li>The firm is developing a treatment for Alzheimer's Disease.</li>\n <li>ABOS is researching a notoriously difficult area, so the IPO is extremely high risk; I'll watch it from the sidelines.</li>\n</ul>\n<p><b>Quick Take</b></p>\n<p>Acumen Pharmaceuticals (ABOS) has filed to raise $125 million in an IPO of its common stock, according to an S-1/Aregistration statement.</p>\n<p>The firm is a clinical stage biopharma developing a treatment candidate for patients with Alzheimer's disease [AD].</p>\n<p>ABOS is operating in a notoriously difficult research area so its chances for meaningful success are extremely low.</p>\n<p>I'll pass on the IPO.</p>\n<p><b>Company &amp; Technology</b></p>\n<p>Charlottesville, Virginia-based Acumen was founded to develop a treatment focused on amyloid-beta oligomers, or ABOS, which management believes are the most toxic form of amyloid-beta.</p>\n<p>Management is headed by president and CEO Daniel O'Connell, who has been with the firm since 2014 and was previously co-founder and CEO of Functional NeuroModulation Ltd.</p>\n<p>The firm's primary candidate, ACU193, just started its Phase 1 safety trial with patients with mild dementia or mild cognitive impairment.</p>\n<p>ABOS expects Phase 1 data to be published not until sometime in 2022.</p>\n<p>Investors in the firm have invested at least $57 million in equity investment and include RA Capital Management, PBM Capital, Robert Hardie, Sands Capital Management, James Murray Jr. and Knollwood Investment.</p>\n<p><b>Market &amp; Competition</b></p>\n<p>According to a 2020 marketresearch reportby Market Insight Reports, the global market for Alzheimer's Disease was an estimated $2.9 billion in 2018 and is expected to reach $10.5 billion by 2025.</p>\n<p>This represents a forecast CAGR (Compound Annual Growth Rate) of 17.5% from 2019 to 2025.</p>\n<p>Key elements driving this expected growth are the aging global population and increasing incidence of Alzheimer's and related dementia diseases.</p>\n<p>Also, there are numerous early stage through major pharmaceutical firms developing treatments in the difficult to succeed area.</p>\n<p>Major competitive vendors that provide or are developing related treatments include:</p>\n<ul>\n <li>Alzheon</li>\n <li>Alzinova</li>\n <li>Chugai Pharmaceuticals</li>\n <li>Cognition Therapeutics</li>\n <li>Eisai</li>\n <li>Eli Lilly</li>\n <li>Grifols</li>\n <li>KalGene Pharmaceuticals</li>\n <li>Neurimmune AG</li>\n <li>Wren Therapeutics</li>\n <li>AbbVie</li>\n <li>Johnson &amp; Johnson</li>\n <li>Others</li>\n</ul>\n<p><b>Financial Status</b></p>\n<p>Acumen's recent financial results are typical of an early stage biopharma firm in that they feature little revenue and significant R&amp;D and G&amp;A expenses associated with its development efforts.</p>\n<p>Below are the company's financial results for the past two and 1/4 years:</p>\n<p><img src=\"https://static.tigerbbs.com/ab335118be71a46f461cc9c10b58da47\" tg-width=\"1280\" tg-height=\"817\" referrerpolicy=\"no-referrer\"></p>\n<p>As of March 31, 2021, the company had $41.4 million in cash and $31.2 million in total liabilities.</p>\n<p><b>IPO Details</b></p>\n<p>Acumen intends to raise $125 million in gross proceeds from an IPO of its common stock, offering 8.3 million shares at $15.00 per share.</p>\n<p>No existing shareholders have indicated an interest to purchase shares at the IPO price.</p>\n<p>Assuming a successful IPO, the company's enterprise value at IPO (ex. underwriter options) would approximate $370.6 million, excluding the effects of underwriter over-allotment options.</p>\n<p>Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 22.53%.</p>\n<p>Management says it will use the net proceeds from the IPO as follows:</p>\n<blockquote>\n <ul>\n  <li>approximately $75.0 million to fund the completion of our ongoing Phase 1 clinical trial of ACU193 and, subject to the successful completion of that trial, the Phase 2 portion of a future Phase 2/3 adaptive trial of ACU193;</li>\n  <li>approximately $30.0 million to fund chemistry, manufacturing and other research and development activities; and</li>\n  <li>the remainder for working capital and other general corporate purposes.</li>\n </ul>\n</blockquote>\n<p>Management's presentation of the company roadshow isavailable here.</p>\n<p>Listed bookrunners of the IPO are BofA Securities, Credit Suisse, Stifel and UBS Investment Bank.</p>\n<p><b>Commentary</b></p>\n<p>Acumen is seeking public capital market funding to advance its sole product through clinical trials.</p>\n<p>The firm's lead candidate, ACU193, recently started its Phase 1 safety trial with patients with mild dementia or mild cognitive impairment. ABOS expects Phase 1 data to be published not until sometime in 2022 at the earliest.</p>\n<p>The market opportunity for treating Alzheimer's disease is large and expected to grow substantially due to an aging global population. The number of Baby Boomers retiring in the U.S. is estimated at 10,000 each day.</p>\n<p>Management has disclosed no major pharma firm collaboration agreements.</p>\n<p>The company's investor syndicate does not include any mainline life science venture capital firms, although it does include RA Capital Management, a frequent investor in life science firms.</p>\n<p>BofA Securities is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 42.9% since their IPO. This is a top-tier performance for all major underwriters during the period.</p>\n<p>As for valuation, management is asking IPO investors to pay an Enterprise Value of approximately $371 million, in the middle of the typical range for clinical biopharma firms at IPO.</p>\n<p>I'm leery of neurological life science firms, especially those operating in the dementia related spaces such as Alzheimer's as these areas have proven exceedingly difficult for even deep-pocketed major pharma firms to make any progress in.</p>\n<p>While I wish the firm well, I'll watch the IPO from the sidelines.</p>\n<p>Expected IPO Pricing Date: June 30, 2021</p>","source":"seekingalpha","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>Acumen Pharmaceuticals Pursues $125 Million IPO</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\">\nAcumen Pharmaceuticals Pursues $125 Million IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 10:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437332-acumen-pharmaceuticals-pursues-125-million-ipo><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAcumen Pharmaceuticals has filed proposed terms for a $125 million IPO.\nThe firm is developing a treatment for Alzheimer's Disease.\nABOS is researching a notoriously difficult area, so the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437332-acumen-pharmaceuticals-pursues-125-million-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ABOS":"Acumen Pharmaceuticals, Inc."},"source_url":"https://seekingalpha.com/article/4437332-acumen-pharmaceuticals-pursues-125-million-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1129431555","content_text":"Summary\n\nAcumen Pharmaceuticals has filed proposed terms for a $125 million IPO.\nThe firm is developing a treatment for Alzheimer's Disease.\nABOS is researching a notoriously difficult area, so the IPO is extremely high risk; I'll watch it from the sidelines.\n\nQuick Take\nAcumen Pharmaceuticals (ABOS) has filed to raise $125 million in an IPO of its common stock, according to an S-1/Aregistration statement.\nThe firm is a clinical stage biopharma developing a treatment candidate for patients with Alzheimer's disease [AD].\nABOS is operating in a notoriously difficult research area so its chances for meaningful success are extremely low.\nI'll pass on the IPO.\nCompany & Technology\nCharlottesville, Virginia-based Acumen was founded to develop a treatment focused on amyloid-beta oligomers, or ABOS, which management believes are the most toxic form of amyloid-beta.\nManagement is headed by president and CEO Daniel O'Connell, who has been with the firm since 2014 and was previously co-founder and CEO of Functional NeuroModulation Ltd.\nThe firm's primary candidate, ACU193, just started its Phase 1 safety trial with patients with mild dementia or mild cognitive impairment.\nABOS expects Phase 1 data to be published not until sometime in 2022.\nInvestors in the firm have invested at least $57 million in equity investment and include RA Capital Management, PBM Capital, Robert Hardie, Sands Capital Management, James Murray Jr. and Knollwood Investment.\nMarket & Competition\nAccording to a 2020 marketresearch reportby Market Insight Reports, the global market for Alzheimer's Disease was an estimated $2.9 billion in 2018 and is expected to reach $10.5 billion by 2025.\nThis represents a forecast CAGR (Compound Annual Growth Rate) of 17.5% from 2019 to 2025.\nKey elements driving this expected growth are the aging global population and increasing incidence of Alzheimer's and related dementia diseases.\nAlso, there are numerous early stage through major pharmaceutical firms developing treatments in the difficult to succeed area.\nMajor competitive vendors that provide or are developing related treatments include:\n\nAlzheon\nAlzinova\nChugai Pharmaceuticals\nCognition Therapeutics\nEisai\nEli Lilly\nGrifols\nKalGene Pharmaceuticals\nNeurimmune AG\nWren Therapeutics\nAbbVie\nJohnson & Johnson\nOthers\n\nFinancial Status\nAcumen's recent financial results are typical of an early stage biopharma firm in that they feature little revenue and significant R&D and G&A expenses associated with its development efforts.\nBelow are the company's financial results for the past two and 1/4 years:\n\nAs of March 31, 2021, the company had $41.4 million in cash and $31.2 million in total liabilities.\nIPO Details\nAcumen intends to raise $125 million in gross proceeds from an IPO of its common stock, offering 8.3 million shares at $15.00 per share.\nNo existing shareholders have indicated an interest to purchase shares at the IPO price.\nAssuming a successful IPO, the company's enterprise value at IPO (ex. underwriter options) would approximate $370.6 million, excluding the effects of underwriter over-allotment options.\nExcluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 22.53%.\nManagement says it will use the net proceeds from the IPO as follows:\n\n\napproximately $75.0 million to fund the completion of our ongoing Phase 1 clinical trial of ACU193 and, subject to the successful completion of that trial, the Phase 2 portion of a future Phase 2/3 adaptive trial of ACU193;\napproximately $30.0 million to fund chemistry, manufacturing and other research and development activities; and\nthe remainder for working capital and other general corporate purposes.\n\n\nManagement's presentation of the company roadshow isavailable here.\nListed bookrunners of the IPO are BofA Securities, Credit Suisse, Stifel and UBS Investment Bank.\nCommentary\nAcumen is seeking public capital market funding to advance its sole product through clinical trials.\nThe firm's lead candidate, ACU193, recently started its Phase 1 safety trial with patients with mild dementia or mild cognitive impairment. ABOS expects Phase 1 data to be published not until sometime in 2022 at the earliest.\nThe market opportunity for treating Alzheimer's disease is large and expected to grow substantially due to an aging global population. The number of Baby Boomers retiring in the U.S. is estimated at 10,000 each day.\nManagement has disclosed no major pharma firm collaboration agreements.\nThe company's investor syndicate does not include any mainline life science venture capital firms, although it does include RA Capital Management, a frequent investor in life science firms.\nBofA Securities is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 42.9% since their IPO. This is a top-tier performance for all major underwriters during the period.\nAs for valuation, management is asking IPO investors to pay an Enterprise Value of approximately $371 million, in the middle of the typical range for clinical biopharma firms at IPO.\nI'm leery of neurological life science firms, especially those operating in the dementia related spaces such as Alzheimer's as these areas have proven exceedingly difficult for even deep-pocketed major pharma firms to make any progress in.\nWhile I wish the firm well, I'll watch the IPO from the sidelines.\nExpected IPO Pricing Date: June 30, 2021","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158025584,"gmtCreate":1625115143548,"gmtModify":1703736469504,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158025584","repostId":"2148081073","repostType":4,"repost":{"id":"2148081073","pubTimestamp":1625110234,"share":"https://ttm.financial/m/news/2148081073?lang=&edition=fundamental","pubTime":"2021-07-01 11:30","market":"us","language":"en","title":"Hot IPO Market Is Tough Competition for Consumer-Hungry Buyers","url":"https://stock-news.laohu8.com/highlight/detail?id=2148081073","media":"Bloomberg","summary":"(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing ano","content":"<p>(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing another hurdle: a booming public market that’s attracting high-growth companies to list instead of sell.</p>\n<p>When Jessica Alba’s skincare maker The Honest Co. went public this year, it did so after first exploring a sale, according to people familiar with the matter. When the company’s investors realized the IPO value would be higher than what it could get from buyers, Honest scrapped the sale and went for the listing, the people said. A representative for Honest declined to comment.</p>\n<p>“The public market valuations for growth companies are sometimes higher than what strategic players are willing to pay,” said Tony Kim, a partner at Centerview Partners focusing on consumer products. “Strategic buyers have <a href=\"https://laohu8.com/S/AONE\">one</a> eye on the market, but think valuations are pretty rich.”</p>\n<p>Brands in the sector, including food makers, pet-supply manufacturers and home furnishing companies, raised more than $4 billion through initial public offerings so far in 2021, compared to $3.6 billion during the same period last year, according to data compiled by Bloomberg.</p>\n<p>Direct-to-consumer names that sell through e-commerce channels have been less affected by the pandemic than brick-and-mortar stores, and have managed to deliver results for investors that have bought into their growth potential. Their success could persuade others to take the public market track.</p>\n<p>Shares of Figs Inc., which sells medical scrubs online, have almost doubled since its IPO last month, in <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the biggest gains by a major listing this year.</p>\n<p><a href=\"https://laohu8.com/S/OTLY\">Oatly Group AB</a>, the oat-milk maker that made headlines with its unconventional Super Bowl commercial, went public at a valuation more than seven times its estimated revenue in 2022. Traditional packaged food makers, such as Nestle SA, trade at about 3.9 times revenue. Oatly’s shares have jumped more than 50% since its May debut.</p>\n<p>“The absolute strength of the capital markets is in some way disintermediating the traditional M&amp;A markets with IPOs and SPAC transactions,” said Cathy Leonhardt, a managing director and co-head of PJ Solomon’s global consumer retail group.</p>\n<p>More IPOs are on the way. Doughnut chain Krispy Kreme Inc. is set to price shares on Wednesday, while eye-wear brand Warby Parker Inc. and sneaker maker Allbirds Inc. are also making preparations to go public this year.</p>\n<p>On Running, yogurt company Chobani and trendy salad chain Sweetgreen Inc. are working on plans to join them, Bloomberg News has reported.</p>\n<p>On thing they’re all benefiting from as they head to market: A boost from the rebounding economy.</p>\n<p>“The consumer is back. They want to buy things that make them feel good, to celebrate,” Leonhardt said.</p>\n<p>Dual Tracks</p>\n<p>Traditional M&amp;A could still be in favor when sellers, particularly financial sponsors, seek cleaner, quicker exits versus the slower, dribbling sell-down of an IPO.</p>\n<p>In the first half of the year, strategic and financial buyers announced $84 billion in M&amp;A transactions in the U.S. That’s more than double the same period last year, when the start of the Covid-19 pandemic slowed dealmaking to a trickle.</p>\n<p>KKR &amp; Co., the owner of supplement maker Bountiful, sold part of the business to Nestle just days before the company was supposed to go public, letting it monetize a big chunk of its investment faster.</p>\n<p>Robust dual-track processes -- where companies pursue a possible sale alongside a listing -- have helped potential M&amp;A targets boost their asking prices, advisers said.</p>\n<p>This played a role for skincare brand Paula’s Choice, which explored an IPO before selling to Unilever Plc this month for a reported $2 billion. The sale of a stake in Bountiful to Nestle SA valued the company at nearly $6 billion.</p>\n<p>A potential U.S. tax hike could also encourage sales processes.</p>\n<p>“For many private, founder-led companies, if they had not explored a sale previously, the threat of a capital gains increase has motivated them to explore a sale,” said Dana Weinstein, JPMorgan Chase &amp; Co.’s head of consumer, retail and business services investment banking.</p>\n<p><a href=\"https://laohu8.com/S/SAFM\">Sanderson Farms</a> Inc., a publicly traded poultry producer with some family ownership, is exploring a sale and has received approaches from Continental Grain Co.’s Wayne Farms and others, according to people with knowledge of the matter. Representatives for Sanderson Farms and Continental Grain declined to comment.</p>\n<p>Corporate divestitures are shaping up to be busy for the rest of the year. Shoemaker Adidas AG is looking for a new owner for Reebok after owning it since 2005. Unilever is selling its tea business along with some non-core personal care assets.</p>\n<p>“It’s good corporate hygiene to be constantly evaluating the portfolio and divesting under-performing businesses, the result of which will be increased M&amp;A activity for higher-growth assets,” JPMorgan’s Weinstein said.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot IPO Market Is Tough Competition for Consumer-Hungry Buyers</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\">\nHot IPO Market Is Tough Competition for Consumer-Hungry Buyers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/hot-ipo-market-tough-competition-175034438.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing another hurdle: a booming public market that’s attracting high-growth companies to list instead of sell...</p>\n\n<a href=\"https://finance.yahoo.com/news/hot-ipo-market-tough-competition-175034438.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OTLY":"Oatly Group AB","KKR":"KKR & Co L.P."},"source_url":"https://finance.yahoo.com/news/hot-ipo-market-tough-competition-175034438.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2148081073","content_text":"(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing another hurdle: a booming public market that’s attracting high-growth companies to list instead of sell.\nWhen Jessica Alba’s skincare maker The Honest Co. went public this year, it did so after first exploring a sale, according to people familiar with the matter. When the company’s investors realized the IPO value would be higher than what it could get from buyers, Honest scrapped the sale and went for the listing, the people said. A representative for Honest declined to comment.\n“The public market valuations for growth companies are sometimes higher than what strategic players are willing to pay,” said Tony Kim, a partner at Centerview Partners focusing on consumer products. “Strategic buyers have one eye on the market, but think valuations are pretty rich.”\nBrands in the sector, including food makers, pet-supply manufacturers and home furnishing companies, raised more than $4 billion through initial public offerings so far in 2021, compared to $3.6 billion during the same period last year, according to data compiled by Bloomberg.\nDirect-to-consumer names that sell through e-commerce channels have been less affected by the pandemic than brick-and-mortar stores, and have managed to deliver results for investors that have bought into their growth potential. Their success could persuade others to take the public market track.\nShares of Figs Inc., which sells medical scrubs online, have almost doubled since its IPO last month, in one of the biggest gains by a major listing this year.\nOatly Group AB, the oat-milk maker that made headlines with its unconventional Super Bowl commercial, went public at a valuation more than seven times its estimated revenue in 2022. Traditional packaged food makers, such as Nestle SA, trade at about 3.9 times revenue. Oatly’s shares have jumped more than 50% since its May debut.\n“The absolute strength of the capital markets is in some way disintermediating the traditional M&A markets with IPOs and SPAC transactions,” said Cathy Leonhardt, a managing director and co-head of PJ Solomon’s global consumer retail group.\nMore IPOs are on the way. Doughnut chain Krispy Kreme Inc. is set to price shares on Wednesday, while eye-wear brand Warby Parker Inc. and sneaker maker Allbirds Inc. are also making preparations to go public this year.\nOn Running, yogurt company Chobani and trendy salad chain Sweetgreen Inc. are working on plans to join them, Bloomberg News has reported.\nOn thing they’re all benefiting from as they head to market: A boost from the rebounding economy.\n“The consumer is back. They want to buy things that make them feel good, to celebrate,” Leonhardt said.\nDual Tracks\nTraditional M&A could still be in favor when sellers, particularly financial sponsors, seek cleaner, quicker exits versus the slower, dribbling sell-down of an IPO.\nIn the first half of the year, strategic and financial buyers announced $84 billion in M&A transactions in the U.S. That’s more than double the same period last year, when the start of the Covid-19 pandemic slowed dealmaking to a trickle.\nKKR & Co., the owner of supplement maker Bountiful, sold part of the business to Nestle just days before the company was supposed to go public, letting it monetize a big chunk of its investment faster.\nRobust dual-track processes -- where companies pursue a possible sale alongside a listing -- have helped potential M&A targets boost their asking prices, advisers said.\nThis played a role for skincare brand Paula’s Choice, which explored an IPO before selling to Unilever Plc this month for a reported $2 billion. The sale of a stake in Bountiful to Nestle SA valued the company at nearly $6 billion.\nA potential U.S. tax hike could also encourage sales processes.\n“For many private, founder-led companies, if they had not explored a sale previously, the threat of a capital gains increase has motivated them to explore a sale,” said Dana Weinstein, JPMorgan Chase & Co.’s head of consumer, retail and business services investment banking.\nSanderson Farms Inc., a publicly traded poultry producer with some family ownership, is exploring a sale and has received approaches from Continental Grain Co.’s Wayne Farms and others, according to people with knowledge of the matter. Representatives for Sanderson Farms and Continental Grain declined to comment.\nCorporate divestitures are shaping up to be busy for the rest of the year. Shoemaker Adidas AG is looking for a new owner for Reebok after owning it since 2005. Unilever is selling its tea business along with some non-core personal care assets.\n“It’s good corporate hygiene to be constantly evaluating the portfolio and divesting under-performing businesses, the result of which will be increased M&A activity for higher-growth assets,” JPMorgan’s Weinstein said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150615168,"gmtCreate":1624896109154,"gmtModify":1703847482650,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150615168","repostId":"1179320173","repostType":4,"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121800511,"gmtCreate":1624457740333,"gmtModify":1703837357505,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121800511","repostId":"1155993250","repostType":4,"isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364287479,"gmtCreate":1614855772191,"gmtModify":1704776081976,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Goodn&nbsp;","listText":"Goodn&nbsp;","text":"Goodn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364287479","repostId":"1177763037","repostType":4,"repost":{"id":"1177763037","pubTimestamp":1614845960,"share":"https://ttm.financial/m/news/1177763037?lang=&edition=fundamental","pubTime":"2021-03-04 16:19","market":"us","language":"en","title":"3 Stocks Ready to Bounce Back in March","url":"https://stock-news.laohu8.com/highlight/detail?id=1177763037","media":"Motley Fool","summary":"Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares ofPeloto","content":"<p>Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares of<b>Peloton Interactive</b>&nbsp;(NASDAQ:PTON),<b>Zoom Video Communications</b>&nbsp;(NASDAQ:ZM), and<b>Tesla</b>&nbsp;(NASDAQ:TSLA)were market darlings just a couple of weeks ago. Sentiment has turned in the recent market correction, and all three of them are now trading at least 20% below their all-time highs.</p>\n<p>It won't always be that way. All three have the right ingredients to get back on track. Let's see why this trio of stocks can hit fresh highs later this year, thumping the market yet again in the process.</p>\n<p>1. Peloton Interactive</p>\n<p>The first two names have a lot in common. Peloton and Zoom Video became poster children of the new normal during the early stages of the pandemic, only to be discarded when the COVID-19 vaccines started hitting the market. Let's take Peloton for a spin first.</p>\n<p>Peloton exploded as the high-end fitness platform at home. Its treadmills became the worthy substitute to fitness center workouts. Its even more popular stationary bikes replaced local spinning class boutiques.</p>\n<p>Growth has been tremendous. Peloton connected fitness subscribers have soared 134% to 1.67 million members. Its cheaper digital subscriptions for folks that lack Peloton hardware is a much smaller business, but it's growing even faster. Peloton's now topping $1 billion in revenue every quarter, and it's not done working up a sweat.</p>\n<p>Peloton isn't going anywhere once the public health crisis abates, largely because this was one pandemic play that legitimately improved on the original it was replacing. Peloton's interactive sessions are convenient and productive. The proof is in the pudding. Investors may have rotated out of Peloton shares; the stock is 31% off of January's peak. But workout seekers see things differently. Demand continues to outstrip supply even with vaccines on the market. The order backlog is still several weeks for new orders.</p>\n<p>2. Zoom</p>\n<p>Tuesday was -- well --weird for Zoom stock. The videoconferencing speedster opened 7% higher after serving up a monster quarter, only to shed 15% of its value throughout the trading day to close Tuesday out with a 9% decline.</p>\n<p>Results for its fiscal fourth quarter were stellar. Revenue skyrocketed 369% to hit $882.5 million. If you think that's a big number, adjusted operating income and earnings per share soared 840% and 713%, respectively.</p>\n<p>Growth will undeniably decelerate at this point. Zoom issued guidance for the new fiscal 2022 year, and it sees revenue climbing 42% to $3.77 billion, with adjusted earnings rising a modest 8% to $3.62 a share. If Zoom's guidance sounds like a good reason to dump the stock, keep in mind that before the report analysts were expecting Zoom to earn less than $3 a share in the new fiscal year. It's not going away post-pandemic. Zoom is part of our lives now, and the stock's a bargain at a 37% discount to its October high-water mark.</p>\n<p>3. Tesla</p>\n<p>Investors are allowed to change their minds -- and their wheels. In January, I singled Tesla out asa stock to avoid. A month later, I finally owned my first Tesla vehicle and became a shareholder for the first time.</p>\n<p>\"Tesla isn't going to relinquish its pole position in the ascending electric vehicle market,\" I argued in late January. \"It will keep making its mark, and the revolution is real. The $837 billion market cap is what worries me here.\"</p>\n<p>Tesla's market cap had peaked at $864 million two days earlier when its shares briefly topped the $900 mark. The stock is trading 24% lower as of Tuesday's close.</p>\n<p>Legacy automakers are making big moves in going electric, and there are potential new entrants in this niche that bear watching. The problem for them is that they're not Tesla. They lack the full self-driving tech where a car can literally drive itself from a freeway onramp to the desired exit. They lack the proprietary network of more than 20,000 Supercharger stations to eat away at range anxiety.</p>\n<p>Tesla turned profitable in 2020 and posted a 6.3% operating margin. It produced and delivered a half million cars. The more economical Model 3 and Model Y are driving the surge in volume, but earlier this year Tesla updated its higher-end cars. Some might still not consider Tesla a bargain with its $659 billion market cap, but momentum is on its side.</p>\n<p>Peloton, Zoom, and Tesla are down, but they're not out. All three stocks should bounce back in March and beyond.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks Ready to Bounce Back in March</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\">\n3 Stocks Ready to Bounce Back in March\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-04 16:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/03/3-stocks-ready-to-bounce-back-in-march/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares ofPeloton Interactive (NASDAQ:PTON),Zoom Video Communications (NASDAQ:ZM), andTesla (NASDAQ:TSLA)were market...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/03/3-stocks-ready-to-bounce-back-in-march/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc.","ZM":"Zoom","TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/03/03/3-stocks-ready-to-bounce-back-in-march/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177763037","content_text":"Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares ofPeloton Interactive (NASDAQ:PTON),Zoom Video Communications (NASDAQ:ZM), andTesla (NASDAQ:TSLA)were market darlings just a couple of weeks ago. Sentiment has turned in the recent market correction, and all three of them are now trading at least 20% below their all-time highs.\nIt won't always be that way. All three have the right ingredients to get back on track. Let's see why this trio of stocks can hit fresh highs later this year, thumping the market yet again in the process.\n1. Peloton Interactive\nThe first two names have a lot in common. Peloton and Zoom Video became poster children of the new normal during the early stages of the pandemic, only to be discarded when the COVID-19 vaccines started hitting the market. Let's take Peloton for a spin first.\nPeloton exploded as the high-end fitness platform at home. Its treadmills became the worthy substitute to fitness center workouts. Its even more popular stationary bikes replaced local spinning class boutiques.\nGrowth has been tremendous. Peloton connected fitness subscribers have soared 134% to 1.67 million members. Its cheaper digital subscriptions for folks that lack Peloton hardware is a much smaller business, but it's growing even faster. Peloton's now topping $1 billion in revenue every quarter, and it's not done working up a sweat.\nPeloton isn't going anywhere once the public health crisis abates, largely because this was one pandemic play that legitimately improved on the original it was replacing. Peloton's interactive sessions are convenient and productive. The proof is in the pudding. Investors may have rotated out of Peloton shares; the stock is 31% off of January's peak. But workout seekers see things differently. Demand continues to outstrip supply even with vaccines on the market. The order backlog is still several weeks for new orders.\n2. Zoom\nTuesday was -- well --weird for Zoom stock. The videoconferencing speedster opened 7% higher after serving up a monster quarter, only to shed 15% of its value throughout the trading day to close Tuesday out with a 9% decline.\nResults for its fiscal fourth quarter were stellar. Revenue skyrocketed 369% to hit $882.5 million. If you think that's a big number, adjusted operating income and earnings per share soared 840% and 713%, respectively.\nGrowth will undeniably decelerate at this point. Zoom issued guidance for the new fiscal 2022 year, and it sees revenue climbing 42% to $3.77 billion, with adjusted earnings rising a modest 8% to $3.62 a share. If Zoom's guidance sounds like a good reason to dump the stock, keep in mind that before the report analysts were expecting Zoom to earn less than $3 a share in the new fiscal year. It's not going away post-pandemic. Zoom is part of our lives now, and the stock's a bargain at a 37% discount to its October high-water mark.\n3. Tesla\nInvestors are allowed to change their minds -- and their wheels. In January, I singled Tesla out asa stock to avoid. A month later, I finally owned my first Tesla vehicle and became a shareholder for the first time.\n\"Tesla isn't going to relinquish its pole position in the ascending electric vehicle market,\" I argued in late January. \"It will keep making its mark, and the revolution is real. The $837 billion market cap is what worries me here.\"\nTesla's market cap had peaked at $864 million two days earlier when its shares briefly topped the $900 mark. The stock is trading 24% lower as of Tuesday's close.\nLegacy automakers are making big moves in going electric, and there are potential new entrants in this niche that bear watching. The problem for them is that they're not Tesla. They lack the full self-driving tech where a car can literally drive itself from a freeway onramp to the desired exit. They lack the proprietary network of more than 20,000 Supercharger stations to eat away at range anxiety.\nTesla turned profitable in 2020 and posted a 6.3% operating margin. It produced and delivered a half million cars. The more economical Model 3 and Model Y are driving the surge in volume, but earlier this year Tesla updated its higher-end cars. Some might still not consider Tesla a bargain with its $659 billion market cap, but momentum is on its side.\nPeloton, Zoom, and Tesla are down, but they're not out. All three stocks should bounce back in March and beyond.","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365415549,"gmtCreate":1614769942581,"gmtModify":1704774988061,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/365415549","repostId":"1167705548","repostType":4,"repost":{"id":"1167705548","pubTimestamp":1614767843,"share":"https://ttm.financial/m/news/1167705548?lang=&edition=fundamental","pubTime":"2021-03-03 18:37","market":"us","language":"en","title":"Fed policy changes could be coming in response to bond market turmoil, economists say","url":"https://stock-news.laohu8.com/highlight/detail?id=1167705548","media":"cnbc","summary":"KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors","content":"<div>\n<p>KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors and economists say.One would see a rebirth of Operation Twist, in which the Fed sells short-term ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/01/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Fed policy changes could be coming in response to bond market turmoil, economists say</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed policy changes could be coming in response to bond market turmoil, economists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-03 18:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/01/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors and economists say.One would see a rebirth of Operation Twist, in which the Fed sells short-term ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/01/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/03/01/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1167705548","content_text":"KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors and economists say.One would see a rebirth of Operation Twist, in which the Fed sells short-term bills and buys longer-duration bonds.Others could see an increase in rates on excess reserves and overnight repo operations.The moves would be to address market stability rather than economic concerns.While the Federal Reserve may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon to address some of the recent tumults in the bond market.The moves could happen as soon as the upcoming March 16-17 Federal Open Market Committee meeting, according to investors and economists who are watching recent action closely and expect the central bank to address some distortions that have occurred.One possible move would the third iteration of Operation Twist, a move the Fed last made nearly a decade ago during market tumult around the time of the European debt crisis. Another could see an increase in the rate paid on reserves to address issues in the money markets, while the Fed also might adjust the rate on overnight repo operations in the bond market.The mechanics of Operation Twist involve selling shorter-dated government notes and buying about the same dollar amount in longer-duration securities. The objective is to nudge up shorter-term rates and drive down those at the longer end, thus flattening the yield curve.The Fed ran the program both in 2011 and in 1961; a market participant familiar with the Fed's operations said central bank officials have been in contact with primary dealers to gauge the need for some intervention.'The perfect policy prescription'Longer-term bond yields have surged over the past two weeks to levels not seen since before the Covid-19 pandemic. While they remain low historically speaking, markets have been concernedover the pace of the increase. The bond market was calm Monday, with rates in the middle of the curve mostly lower.Implementing the scheme could help soothe some of the jangled nerves that accompanied a recent blast higher in interest rates from 5-year notes on up the curve. The \"twist\" is a nod toward adjusting the duration of its purchases to the longer end, and the buying and selling of equal weights mean the Fed's already bloated $7.5 trillion balance sheet won't be expanded further.\"The Fed is simultaneously losing control of both the US front end & back end rates curves for different reasons,\" Mark Cabana, rates strategist at Bank of America Global Research, said in a note to clients. \"Twist, a simultaneous selling of US front end Treasuries & buying of longer-dated [bonds], is the perfect policy prescription for the Fed, in our view.\"Cabana said the move \"kills three birds with one stone.\" Namely, it raises rates on the short end of the duration spectrum, provides stability on the back end and does not expand the balance sheet and thus require banks to hold more capital.\"We believe no other Fed balance sheet option can address each of these issues as effectively,\" he wrote. \"To be clear the Fed will twist to deal with market functioning issues, not economic problems.\"Indeed, the Fed iswelcoming some upward pressure on yieldsas it reflects a growing economy and rising inflation expectations toward the central bank's 2% goal.However, the trend presents some issues for the Fed that a weak 7-year note auction last week helped demonstrate. The Fed needs bond auctions to go well as a surge in supply is on the way from a federal government running what is expected to be a deficit of at least $2.3 trillion this year.Investors tend to shy away from longer-dated bonds during times of inflation as their rates can't keep up and cause bondholders to lose principal. That's why Cabana expects the Fed to sell $80 billion a month in Treasury bills and use it to buy bonds of duration past four and a half years.FOMC members at their November meeting discussed market expectations that the central bank would begin to lengthen the average duration of its purchases. Members endorsed \"ongoing careful consideration\" of the composition of its bond holdings.\"Participants noted that the Committee could provide more accommodation, if appropriate, by increasing the pace of purchases or by shifting its Treasury purchases to those with a longer maturity without increasing the size of its purchases,\" theminutes from that meetingstated.Raising rates on reserves and repoThere are other issues in the market, and that's why the Fed's actions may not be limited to Operation Twist.One other move it could do is increase the interest on excess reserves rate from 0.1% to 0.15%. Though there essentially are no excess reserves now due to the Fed dropping the minimum duringthe Covid-19 crisis, the IOER serves as a guardrail for some short-term rates, which is important to money market funds that have had to buy bills at negative real rates.\"The Fed essentially has to place a raised floor in the U.S. economy to keep things that need positive returns alive,\" said Fed veteran Christopher Whalen, head of Whalen Global Advisory.While he said he understands the IOER move, Whalen said he is skeptical of how successful the Fed will be with implementing Twist.\"No matter how well-intentioned they are, their efforts to engineer things are slowly weakening the system,\" he said. \"You have another bad auction or two and we're screwed.\"Still, Cabana said expects the Fed to begin signaling the additional moves as soon as this week. ChairmanJerome Powellspeaks Thursday during a Wall Street Journal event, and a slew of other Fed officials also are on tap to share their views this week.Markets worried over how things are running likely will welcome the Fed's moves, said Joseph Brusuelas, chief economist at RSM.In addition to the Twist implementation and adjustment on IOER, Brusuelas thinks the Fed also will increase the rate it pays on overnight repo operations from zero basis points to five.While Brusuelas said markets expected rising rates this year, \"what we didn't expect was an overreaction to the reflation of the domestic economy in the fixed income market. That clearly has gotten the attention of the Fed.\"\"The market would welcome the lifting of the IOER as well as any communication that it intends to twist the curve down to keep the economy on track,\" he added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365088225,"gmtCreate":1614679255767,"gmtModify":1704773911536,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/365088225","repostId":"1140355598","repostType":4,"repost":{"id":"1140355598","pubTimestamp":1614677842,"share":"https://ttm.financial/m/news/1140355598?lang=&edition=fundamental","pubTime":"2021-03-02 17:37","market":"us","language":"en","title":"Greensill Loses Confidence of Backers SoftBank, Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1140355598","media":"Bloomberg","summary":"(Bloomberg) --Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a g","content":"<p>(Bloomberg) --Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a global lending force is rapidly falling apart.</p>\n<p>From Credit Suisse Group AG to SoftBank Group Corp., Greensill’s most ardent supporters have signaled doubts about the loans made by his supply-chain finance business, upending his multi-billion dollar empire. Greensill Capital, which as recently as last year was seeking a valuation of $7 billion and planning to eventually go public, is now discussing options including insolvency, according to people familiar with the matter.</p>\n<p>Greensill Capital on Tuesday made use of so-called “safe harbor protection” that’s allowed under Australian insolvency laws, according to another person familiar with the matter. The move effectively buys directors more time to work out alternative financing as it protects them from personal liability for insolvent trading.</p>\n<p>At the heart of the swift unraveling at Greensill’s firm -- specializing in a loosely regulated type of short-term corporate lending -- is a fundamental question that many investors are now asking: How creditworthy are his borrowers?</p>\n<p>For Credit Suisse, the answer isn’t straightforward. The firm has frozen a $10 billion family of funds that invest in Greensill-sourced loans, citing “uncertainty” about the valuations of some of the debt. At SoftBank, Greensill’s biggest backer, the realization has been more stark. Softbank’s Vision Fund substantially wrote down its $1.5 billion stake in Greensill at the end of 2020, and is considering dropping the valuation close to zero, people familiar with the matter said.</p>\n<p>It’s the culmination of almost three tumultuous years at the firm founded by the 44-year-old financier. Greensill-linked financings played a role in the demise of a former star bond manager at GAM Holding AG in 2018. Last year, Germany’s banking regulator BaFin pushed the businessman’s lending unit, Greensill Bank, to reduce risks on its balance sheet by cutting loans tied to a single U.K. entrepreneur, Sanjeev Gupta.</p>\n<p>For money managers piling into niche markets in search of higher yield, the episode is yet another reminder of the risks inherent in hard-to-value assets. The demise of Neil Woodford’s investment firm and a crisis at H20 Asset Management were triggered by their holdings of unlisted companies and unrated bonds. While Credit Suisse’s funds aren’t targeted at mom-and-pop investors, many larger clients are becoming increasingly nervous about holding assets whose value is tough to determine.</p>\n<p>Greensill rose from working on his family’s melon and sugar cane farm in Australia. His interest in the supply-chain business was fueled early on in his life, when as a teenager, a bad harvest season meant his parents weren’t paid for the crops that they grew. Greensill later built a business at Morgan Stanley in London financing corporate supply chains, and then worked at Citigroup Inc. before starting his own company in 2011.</p>\n<p>Greensill always knew that the plan to disrupt a niche area of finance would come with its share of skeptics. In an interview with Bloomberg News in December, he acknowledged that his firm is “doing things a little different to what’s been done before, and that’s always going to kind of garner attention and commentary.”</p>\n<p>In October, Greensill’s firm had been considering a capital raising that would have valued it at $7 billion. At the time, when its banking arm was facing regulatory scrutiny and clients had hit financial difficulties, the firm said that the fund-raising would help boost growth. More recently, the firm was in talks with Apollo Global Management Inc. on a multi-billion dollar financing deal that would give the supply chain more headroom, Sky News reported last month.</p>\n<p>In addition to discussing the possibility of insolvency, Greensill is now in talks on a sale of its operating business to Apollo, people familiar with the matter said.</p>\n<p>Credit Suisse’s decision to suspend its funds came after credit insurance recently lapsed on some of the loans Greensill made, according to people briefed on the matter. That left some debt no longer valued on the strength of the insurer but rather on the underlying borrower, the people said. The freeze has left Greensill’s firm without a key buyer of the debt it arranges for companies.</p>\n<p>It also adds to a series of hits to the Zurich-based bank, which is still recovering from a damaging spying scandal a year ago. Since then, new Chief Executive Officer Thomas Gottstein has had to contend with legal charges related to mortgage-backed securities in the U.S. and a writedown on a hedge fund investment. The bank was also left staring at steep losses, along with other lenders, when the stock of Luckin coffee imploded in an accounting fraud.</p>\n<p>In addition to being an early Greensill backer, SoftBank was also an investor in the Credit Suisse supply-chain funds. The conglomerate pulled $700 million out of the Credit Suisse funds last year amid conflict-of-interest accusations that sparked an internal review at the Swiss bank. The investment into Greensill by SoftBank’s Vision Fund was led by former managing partner Colin Fan, who recently left his role at the behemoth investment fund. Many of the companies that were financed by the investment vehicles were also Vision Fund portfolio companies, including Indian hotel chain Oyo and Fair Financial Corp.</p>\n<p>After its review last year, Credit Suisse overhauled the funds’ investment guidelines to limit how much exposure they can have to a single borrower, but kept some loans to companies backed by SoftBank, according to latest available fund documents from Credit Suisse. The bank had been looking at ways to reduce its ties to Greensill, people familiar with the matter said earlier Monday.</p>\n<p>Credit Suisse is considering winding down the investments packaged by Greensill, replacing the firm as the main source for the assets, or moving loans to firms linked to Gupta out of its supply-chain finance funds, the people said, asking for anonymity because a decision hasn’t been made yet. It’s unclear how much of the Credit Suisse supply-chain finance funds are currently tied up with Gupta.</p>\n<p><b>Crucial Buyers</b></p>\n<p>“Greensill acknowledges the decision by Credit Suisse to temporarily gate the two Supply Chain Finance Funds dealing in Greensill-sourced assets,” a spokesperson for the firm said by email. “We remain in advanced talks with potential outside investors in our company and hope to be able to update further on that process imminently.” The spokesman declined to comment on any discussions on the sale or insolvency of the operating company.</p>\n<p>Securities linked to Gupta and arranged by Greensill were among investments at the center of a 2018 crisis at GAM that brought down star trader Tim Haywood. While assets managed in GAM’s supply-chain finance funds were relatively short-term, other funds that held some longer-term loans to Gupta took almost a year to liquidate those.</p>","source":"lsy1584095487587","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>Greensill Loses Confidence of Backers SoftBank, Credit Suisse</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\">\nGreensill Loses Confidence of Backers SoftBank, Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-02 17:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/greensill-risks-prove-too-great-194048564.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a global lending force is rapidly falling apart.\nFrom Credit Suisse Group AG to SoftBank Group Corp., ...</p>\n\n<a href=\"https://finance.yahoo.com/news/greensill-risks-prove-too-great-194048564.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/greensill-risks-prove-too-great-194048564.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140355598","content_text":"(Bloomberg) --Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a global lending force is rapidly falling apart.\nFrom Credit Suisse Group AG to SoftBank Group Corp., Greensill’s most ardent supporters have signaled doubts about the loans made by his supply-chain finance business, upending his multi-billion dollar empire. Greensill Capital, which as recently as last year was seeking a valuation of $7 billion and planning to eventually go public, is now discussing options including insolvency, according to people familiar with the matter.\nGreensill Capital on Tuesday made use of so-called “safe harbor protection” that’s allowed under Australian insolvency laws, according to another person familiar with the matter. The move effectively buys directors more time to work out alternative financing as it protects them from personal liability for insolvent trading.\nAt the heart of the swift unraveling at Greensill’s firm -- specializing in a loosely regulated type of short-term corporate lending -- is a fundamental question that many investors are now asking: How creditworthy are his borrowers?\nFor Credit Suisse, the answer isn’t straightforward. The firm has frozen a $10 billion family of funds that invest in Greensill-sourced loans, citing “uncertainty” about the valuations of some of the debt. At SoftBank, Greensill’s biggest backer, the realization has been more stark. Softbank’s Vision Fund substantially wrote down its $1.5 billion stake in Greensill at the end of 2020, and is considering dropping the valuation close to zero, people familiar with the matter said.\nIt’s the culmination of almost three tumultuous years at the firm founded by the 44-year-old financier. Greensill-linked financings played a role in the demise of a former star bond manager at GAM Holding AG in 2018. Last year, Germany’s banking regulator BaFin pushed the businessman’s lending unit, Greensill Bank, to reduce risks on its balance sheet by cutting loans tied to a single U.K. entrepreneur, Sanjeev Gupta.\nFor money managers piling into niche markets in search of higher yield, the episode is yet another reminder of the risks inherent in hard-to-value assets. The demise of Neil Woodford’s investment firm and a crisis at H20 Asset Management were triggered by their holdings of unlisted companies and unrated bonds. While Credit Suisse’s funds aren’t targeted at mom-and-pop investors, many larger clients are becoming increasingly nervous about holding assets whose value is tough to determine.\nGreensill rose from working on his family’s melon and sugar cane farm in Australia. His interest in the supply-chain business was fueled early on in his life, when as a teenager, a bad harvest season meant his parents weren’t paid for the crops that they grew. Greensill later built a business at Morgan Stanley in London financing corporate supply chains, and then worked at Citigroup Inc. before starting his own company in 2011.\nGreensill always knew that the plan to disrupt a niche area of finance would come with its share of skeptics. In an interview with Bloomberg News in December, he acknowledged that his firm is “doing things a little different to what’s been done before, and that’s always going to kind of garner attention and commentary.”\nIn October, Greensill’s firm had been considering a capital raising that would have valued it at $7 billion. At the time, when its banking arm was facing regulatory scrutiny and clients had hit financial difficulties, the firm said that the fund-raising would help boost growth. More recently, the firm was in talks with Apollo Global Management Inc. on a multi-billion dollar financing deal that would give the supply chain more headroom, Sky News reported last month.\nIn addition to discussing the possibility of insolvency, Greensill is now in talks on a sale of its operating business to Apollo, people familiar with the matter said.\nCredit Suisse’s decision to suspend its funds came after credit insurance recently lapsed on some of the loans Greensill made, according to people briefed on the matter. That left some debt no longer valued on the strength of the insurer but rather on the underlying borrower, the people said. The freeze has left Greensill’s firm without a key buyer of the debt it arranges for companies.\nIt also adds to a series of hits to the Zurich-based bank, which is still recovering from a damaging spying scandal a year ago. Since then, new Chief Executive Officer Thomas Gottstein has had to contend with legal charges related to mortgage-backed securities in the U.S. and a writedown on a hedge fund investment. The bank was also left staring at steep losses, along with other lenders, when the stock of Luckin coffee imploded in an accounting fraud.\nIn addition to being an early Greensill backer, SoftBank was also an investor in the Credit Suisse supply-chain funds. The conglomerate pulled $700 million out of the Credit Suisse funds last year amid conflict-of-interest accusations that sparked an internal review at the Swiss bank. The investment into Greensill by SoftBank’s Vision Fund was led by former managing partner Colin Fan, who recently left his role at the behemoth investment fund. Many of the companies that were financed by the investment vehicles were also Vision Fund portfolio companies, including Indian hotel chain Oyo and Fair Financial Corp.\nAfter its review last year, Credit Suisse overhauled the funds’ investment guidelines to limit how much exposure they can have to a single borrower, but kept some loans to companies backed by SoftBank, according to latest available fund documents from Credit Suisse. The bank had been looking at ways to reduce its ties to Greensill, people familiar with the matter said earlier Monday.\nCredit Suisse is considering winding down the investments packaged by Greensill, replacing the firm as the main source for the assets, or moving loans to firms linked to Gupta out of its supply-chain finance funds, the people said, asking for anonymity because a decision hasn’t been made yet. It’s unclear how much of the Credit Suisse supply-chain finance funds are currently tied up with Gupta.\nCrucial Buyers\n“Greensill acknowledges the decision by Credit Suisse to temporarily gate the two Supply Chain Finance Funds dealing in Greensill-sourced assets,” a spokesperson for the firm said by email. “We remain in advanced talks with potential outside investors in our company and hope to be able to update further on that process imminently.” The spokesman declined to comment on any discussions on the sale or insolvency of the operating company.\nSecurities linked to Gupta and arranged by Greensill were among investments at the center of a 2018 crisis at GAM that brought down star trader Tim Haywood. While assets managed in GAM’s supply-chain finance funds were relatively short-term, other funds that held some longer-term loans to Gupta took almost a year to liquidate those.","news_type":1},"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365088357,"gmtCreate":1614679239779,"gmtModify":1704773911052,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365088357","repostId":"1189836823","repostType":4,"repost":{"id":"1189836823","pubTimestamp":1614678500,"share":"https://ttm.financial/m/news/1189836823?lang=&edition=fundamental","pubTime":"2021-03-02 17:48","market":"hk","language":"en","title":"China's billionaires club swells as market rally offsets virus pain","url":"https://stock-news.laohu8.com/highlight/detail?id=1189836823","media":"AFP","summary":"More than 200 billionaires were created in China last year as booming stock markets and a flood of n","content":"<p>More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic, according to a global tally released Tuesday.</p>\n<p>The size of China's exclusive billionaire's club has almost doubled in the past five years as the world's number two economy continued to outpace most others, and its ability to mostly avoid the worst of the coronavirus meant it was one of the few to expand in 2020.</p>\n<p>And the Hurun Global Rich List showed 259 people breaking into the billion-dollar bracket - more than the rest of the world combined - taking China total to 1,058, the first country to break the 1,000 mark.</p>\n<p>In comparison, second best performer the United States saw 70 new billionaires created, taking its total to 696.</p>\n<p>Leading the Chinese pack was Zhong Shanshan of bottled water giant Nongfu, who entered the list for the first time with an US$85 billion fortune, putting him number one in Asia and into Hurun's global top 10. Mr Zhong, a former construction worker, made his cash following a US$1.1 billion initial public offering in Hong Kong last year.</p>\n<p>However, a clampdown on ecommerce giant Alibaba saw tycoon Jack Ma fall down the pecking order. The one-time darling of China's entrepreneurs has come under pressure from regulators, who have reigned in Alibaba and fintech arm Ant Group on anti-trust issues.</p>\n<p>Three individuals globally added more than US$50 billion in a single year, the survey found: Tesla's Elon Musk, Amazon's Jeff Bezos and Colin Huang of Pinduoduo, one of China's fastest-growing e-commerce players.</p>\n<p>Overall, China continues to lead the world's wealth creation, Hurun's report said, adding 490 new billionaires in the past five years compared with the 160 added in the US.</p>\n<p>Hurun Report chairman Rupert Hoogewerf said that even with the pandemic chaos, the past year saw the biggest wealth increase of the past decade due to new listings and booming stock markets.</p>\n<p>\"Asia has, for the first time in perhaps hundreds of years, more billionaires than the rest of the world combined,\" he added.</p>\n<p>The report also flagged a shift in Hong Kong, pointing out that the city's entrepreneurs are now being \"dwarfed\" by their counterparts in the mainland - only three Hong Kong tycoons make it into the China top 50.</p>\n<p>Six of the world's top 10 cities with the highest concentration of billionaires are now in China, with Beijing top of the heap for the sixth year running.</p>","source":"lsy1605843958005","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>China's billionaires club swells as market rally offsets virus pain</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; 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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\">\nChina's billionaires club swells as market rally offsets virus pain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-02 17:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/banking-finance/chinas-billionaires-club-swells-as-market-rally-offsets-virus-pain><strong>AFP</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic, according to a global tally released Tuesday.\n...</p>\n\n<a href=\"https://www.businesstimes.com.sg/banking-finance/chinas-billionaires-club-swells-as-market-rally-offsets-virus-pain\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.businesstimes.com.sg/banking-finance/chinas-billionaires-club-swells-as-market-rally-offsets-virus-pain","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189836823","content_text":"More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic, according to a global tally released Tuesday.\nThe size of China's exclusive billionaire's club has almost doubled in the past five years as the world's number two economy continued to outpace most others, and its ability to mostly avoid the worst of the coronavirus meant it was one of the few to expand in 2020.\nAnd the Hurun Global Rich List showed 259 people breaking into the billion-dollar bracket - more than the rest of the world combined - taking China total to 1,058, the first country to break the 1,000 mark.\nIn comparison, second best performer the United States saw 70 new billionaires created, taking its total to 696.\nLeading the Chinese pack was Zhong Shanshan of bottled water giant Nongfu, who entered the list for the first time with an US$85 billion fortune, putting him number one in Asia and into Hurun's global top 10. Mr Zhong, a former construction worker, made his cash following a US$1.1 billion initial public offering in Hong Kong last year.\nHowever, a clampdown on ecommerce giant Alibaba saw tycoon Jack Ma fall down the pecking order. The one-time darling of China's entrepreneurs has come under pressure from regulators, who have reigned in Alibaba and fintech arm Ant Group on anti-trust issues.\nThree individuals globally added more than US$50 billion in a single year, the survey found: Tesla's Elon Musk, Amazon's Jeff Bezos and Colin Huang of Pinduoduo, one of China's fastest-growing e-commerce players.\nOverall, China continues to lead the world's wealth creation, Hurun's report said, adding 490 new billionaires in the past five years compared with the 160 added in the US.\nHurun Report chairman Rupert Hoogewerf said that even with the pandemic chaos, the past year saw the biggest wealth increase of the past decade due to new listings and booming stock markets.\n\"Asia has, for the first time in perhaps hundreds of years, more billionaires than the rest of the world combined,\" he added.\nThe report also flagged a shift in Hong Kong, pointing out that the city's entrepreneurs are now being \"dwarfed\" by their counterparts in the mainland - only three Hong Kong tycoons make it into the China top 50.\nSix of the world's top 10 cities with the highest concentration of billionaires are now in China, with Beijing top of the heap for the sixth year running.","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362968838,"gmtCreate":1614589150824,"gmtModify":1704772728207,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362968838","repostId":"1149277934","repostType":4,"repost":{"id":"1149277934","pubTimestamp":1614581732,"share":"https://ttm.financial/m/news/1149277934?lang=&edition=fundamental","pubTime":"2021-03-01 14:55","market":"us","language":"en","title":"Warren Buffett Won’t Take the Reddit Bait","url":"https://stock-news.laohu8.com/highlight/detail?id=1149277934","media":"Bloomberg","summary":"No mention of Bitcoin, Robinhood or WallStreetBets in his latest annual letter but plenty of homespu","content":"<blockquote>\n <b>No mention of Bitcoin, Robinhood or WallStreetBets in his latest annual letter but plenty of homespun value-investing wisdom. What did you expect?</b>\n</blockquote>\n<p>“All that’s required is the passage of time, an inner calm,” began a sentence in Warren Buffett’s annual letter to his followers Saturday. He was talking about the essentials of investing in a farm or business, but it felt like a metaphor for the&nbsp;collectively lonely and despairing moment that the&nbsp;world found itself in during the past year. With his own 90-year perspective, Buffett reminded his readers that a moment is all this is.</p>\n<p>The bar was high for Buffett this time, given all that’s happened since last year’s letter:&nbsp;a public-health crisis;&nbsp;lockdowns;&nbsp;social unrest;&nbsp;worsening wealth inequality;&nbsp;a new U.S. president;&nbsp;extreme political divisiveness that led to insurrectionists storming the Capitol;&nbsp;climate disasters such as the tragic freezing conditions and blackouts in Texas last week;&nbsp;the resurgence&nbsp;of Bitcoin;&nbsp;and the recent market tumult brought on&nbsp;in part&nbsp;by a boiling over of frustrations with the state of the world.</p>\n<p>Did he clear that&nbsp;bar? Perhaps that’s the wrong question. Anyone looking to hear his thoughts on today’s issues&nbsp;may feel&nbsp;let down — he didn’t directly address any of them — but I doubt his devotees&nbsp;were surprised by this or disappointed. Buffett met the occasion by doing what&nbsp;he always does: explain his decisions, take his lumps and victory laps,&nbsp;offer up his&nbsp;musings on investing. If you wanted something different, you didn’t get it, and you don’t know Buffett.</p>\n<p>The last time the chairman and chief executive officer of Berkshire Hathaway Inc. spoke publicly was at the virtual shareholder meeting in May, an uncharacteristically somber event at&nbsp;which he sat in an empty auditorium normally filled with his adoring fans and left listeners wondering whether he was still the Oracle of Omaha. New icons with investing philosophies&nbsp;arguably antithetical to the Buffett way have since filled the void, such as&nbsp;Tesla Inc. billionaire Elon Musk, futuristic stock picker Cathie Wood and so-called SPAC king&nbsp;Chamath Palihapitiya — especially as Berkshire’s stock continues to lag the market.</p>\n<p><b>Underperformer</b></p>\n<p>Warren Buffett's Berkshire Hathaway owns shares in some market-beating companies, but its own stock has fallen behind</p>\n<p><img src=\"https://static.tigerbbs.com/9b499dc71140e81cb97d5303f6c1f80c\" tg-width=\"585\" tg-height=\"275\">But Buffett has his story and he’s sticking to it. And as if to remind readers of exactly that, the letter takes time to recount the history of Berkshire and how it came to be: a&nbsp;state-by-state discovery of ordinary Americans building extraordinary businesses&nbsp;—&nbsp;See’s Candies, Nebraska Furniture Market, Clayton Homes, Pilot Travel Centers — that Buffett and his now-97-year-old partner, Charlie Munger, couldn’t help but acquire and continue to admire. Some are still run by descendants of the families that started them. If this&nbsp;were to be Buffett’s last letter, it would&nbsp;be a relatively eloquent&nbsp;signoff. Here’s a notable&nbsp;passage:</p>\n<blockquote>\n There has been no incubator for unleashing human potential like America. Despite some severe interruptions, our country’s economic progress has been breathtaking. Beyond that, we retain our constitutional aspiration of becoming “a more perfect union.” Progress on that front has been slow, uneven and often discouraging. We have, however, moved forward and will continue to do so.&nbsp;Our unwavering conclusion: Never bet against America.\n</blockquote>\n<p>There was no mention of Bitcoin, Robinhood or Reddit, but Buffett did write glowingly of “the million-plus” individual investors who own Berkshire stock.&nbsp;He and Munger “feel a special obligation” to this group&nbsp;because their&nbsp;earliest investors when they began managing money — before acquiring Berkshire Hathaway in 1965&nbsp;— were just regular people. “Partners” is what they call Berkshire shareholders, and the company says it’s happy with the partners it has, not needing to court Wall Street the way other publicly traded companies might. That Berkshire never holdsearnings callswith analysts or attends investor conferences apart from its own annual event is the somewhat controversial proof.</p>\n<p>On the topic of the Reddit day-trading phenomenon, Munger put it a bit differently this week,telling the Wall Street Journal: “I hate this luring of people into engaging in speculative orgies.” And while taking questions during the shareholder meeting Wednesday for Daily Journal Corp., which he chairs, Munger had choice words for SPACs, too.&nbsp;“I think the world would be better off without them,” he said. “It's just that the investment banking profession will sell s--t as long as s--t can be sold.” He is truly the yin to Buffett’s yang.</p>\n<p>The biggest omission from Buffett’s letter was any rumination on markets and valuations, nor were there signs that maybe he’d come to accept higher prices as the new normal. In fact, it seems to be just the opposite. Berkshire had to write down the value of its last major acquisition, Precision Castparts, by $11 billion. The aerospace-parts manufacturer was hit hard by the Covid-19 pandemic as travel stopped. “I paid too much for the company,” he wrote. Doesn’t sound like he’s eager to make that mistake again.</p>\n<p>Instead, Berkshire has been buying back stock. Share repurchases&nbsp;tallied almost $25 billion in 2020. Speaking to his “partners,” he wrote, “That action increased your ownership in all of Berkshire’s businesses by 5.2%,” and added that buybacks have continued since yearend. Last week, Berkshire alsorevealed&nbsp;large stakesin Chevron Corp. and Verizon Communications Inc. The company’s cash stockpile —&nbsp;so large it has become part&nbsp;of Buffett folklore —&nbsp;did come down a tad last quarter to $138 billion.</p>\n<p><b>The War Chest</b></p>\n<p>Perhaps the only time a decline in cash is a good sign, because it means Warren Buffett found worthy purchases:</p>\n<p><img src=\"https://static.tigerbbs.com/1e0f4c73979bdcff8b792c981f6119a8\" tg-width=\"592\" tg-height=\"269\">The topic of succession didn’t come up in Saturday’s memo either, but Buffett&nbsp;did reveal that&nbsp;the virtual May meeting will be held not in Omaha as usual but in Los Angeles, where a wheelchair-bound Munger lives. Vice Chairmen Greg Abel and Ajit Jain, who have been given more authority in recent years, will also take part in the Q&amp;A. Perhaps more succession news is in store.</p>\n<p>“Nobody’s going to listen to Buffett. Buffett doesn’t have the energy to say what he said 30 and 40 years ago in 2021. And that’s OK,&nbsp;he’s earned the right to basically chill out and be the GOAT. But there has to be other folks that take that mantle, take the baton and do it as well to this younger generation in a language they understand.” This was Palihapitiya speaking in a Bloomberg TV interview earlier this month.</p>\n<p>Maybe Buffett’s style doesn’t fit the&nbsp;current moment, but a moment is all it is. Value investing has cycled in and out of fashion, and as&nbsp;fad securities sold off this week, there’s talk that it may be back “in” again. In any case, “energy” isn’t what earned Buffett his celebrity. It was patience, conviction, a sense of duty to his partners and a rejection of complex profit adjustments that are so often used to obscure and confuse. That philosophy should never go out of style.</p>","source":"lsy1584095487587","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>Warren Buffett Won’t Take the Reddit Bait</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\">\nWarren Buffett Won’t Take the Reddit Bait\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-01 14:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>No mention of Bitcoin, Robinhood or WallStreetBets in his latest annual letter but plenty of homespun value-investing wisdom. What did you expect?\n\n“All that’s required is the passage of time, an ...</p>\n\n<a href=\"https://www.bloomberg.com/asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://www.bloomberg.com/asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149277934","content_text":"No mention of Bitcoin, Robinhood or WallStreetBets in his latest annual letter but plenty of homespun value-investing wisdom. What did you expect?\n\n“All that’s required is the passage of time, an inner calm,” began a sentence in Warren Buffett’s annual letter to his followers Saturday. He was talking about the essentials of investing in a farm or business, but it felt like a metaphor for the collectively lonely and despairing moment that the world found itself in during the past year. With his own 90-year perspective, Buffett reminded his readers that a moment is all this is.\nThe bar was high for Buffett this time, given all that’s happened since last year’s letter: a public-health crisis; lockdowns; social unrest; worsening wealth inequality; a new U.S. president; extreme political divisiveness that led to insurrectionists storming the Capitol; climate disasters such as the tragic freezing conditions and blackouts in Texas last week; the resurgence of Bitcoin; and the recent market tumult brought on in part by a boiling over of frustrations with the state of the world.\nDid he clear that bar? Perhaps that’s the wrong question. Anyone looking to hear his thoughts on today’s issues may feel let down — he didn’t directly address any of them — but I doubt his devotees were surprised by this or disappointed. Buffett met the occasion by doing what he always does: explain his decisions, take his lumps and victory laps, offer up his musings on investing. If you wanted something different, you didn’t get it, and you don’t know Buffett.\nThe last time the chairman and chief executive officer of Berkshire Hathaway Inc. spoke publicly was at the virtual shareholder meeting in May, an uncharacteristically somber event at which he sat in an empty auditorium normally filled with his adoring fans and left listeners wondering whether he was still the Oracle of Omaha. New icons with investing philosophies arguably antithetical to the Buffett way have since filled the void, such as Tesla Inc. billionaire Elon Musk, futuristic stock picker Cathie Wood and so-called SPAC king Chamath Palihapitiya — especially as Berkshire’s stock continues to lag the market.\nUnderperformer\nWarren Buffett's Berkshire Hathaway owns shares in some market-beating companies, but its own stock has fallen behind\nBut Buffett has his story and he’s sticking to it. And as if to remind readers of exactly that, the letter takes time to recount the history of Berkshire and how it came to be: a state-by-state discovery of ordinary Americans building extraordinary businesses — See’s Candies, Nebraska Furniture Market, Clayton Homes, Pilot Travel Centers — that Buffett and his now-97-year-old partner, Charlie Munger, couldn’t help but acquire and continue to admire. Some are still run by descendants of the families that started them. If this were to be Buffett’s last letter, it would be a relatively eloquent signoff. Here’s a notable passage:\n\n There has been no incubator for unleashing human potential like America. Despite some severe interruptions, our country’s economic progress has been breathtaking. Beyond that, we retain our constitutional aspiration of becoming “a more perfect union.” Progress on that front has been slow, uneven and often discouraging. We have, however, moved forward and will continue to do so. Our unwavering conclusion: Never bet against America.\n\nThere was no mention of Bitcoin, Robinhood or Reddit, but Buffett did write glowingly of “the million-plus” individual investors who own Berkshire stock. He and Munger “feel a special obligation” to this group because their earliest investors when they began managing money — before acquiring Berkshire Hathaway in 1965 — were just regular people. “Partners” is what they call Berkshire shareholders, and the company says it’s happy with the partners it has, not needing to court Wall Street the way other publicly traded companies might. That Berkshire never holdsearnings callswith analysts or attends investor conferences apart from its own annual event is the somewhat controversial proof.\nOn the topic of the Reddit day-trading phenomenon, Munger put it a bit differently this week,telling the Wall Street Journal: “I hate this luring of people into engaging in speculative orgies.” And while taking questions during the shareholder meeting Wednesday for Daily Journal Corp., which he chairs, Munger had choice words for SPACs, too. “I think the world would be better off without them,” he said. “It's just that the investment banking profession will sell s--t as long as s--t can be sold.” He is truly the yin to Buffett’s yang.\nThe biggest omission from Buffett’s letter was any rumination on markets and valuations, nor were there signs that maybe he’d come to accept higher prices as the new normal. In fact, it seems to be just the opposite. Berkshire had to write down the value of its last major acquisition, Precision Castparts, by $11 billion. The aerospace-parts manufacturer was hit hard by the Covid-19 pandemic as travel stopped. “I paid too much for the company,” he wrote. Doesn’t sound like he’s eager to make that mistake again.\nInstead, Berkshire has been buying back stock. Share repurchases tallied almost $25 billion in 2020. Speaking to his “partners,” he wrote, “That action increased your ownership in all of Berkshire’s businesses by 5.2%,” and added that buybacks have continued since yearend. Last week, Berkshire alsorevealed large stakesin Chevron Corp. and Verizon Communications Inc. The company’s cash stockpile — so large it has become part of Buffett folklore — did come down a tad last quarter to $138 billion.\nThe War Chest\nPerhaps the only time a decline in cash is a good sign, because it means Warren Buffett found worthy purchases:\nThe topic of succession didn’t come up in Saturday’s memo either, but Buffett did reveal that the virtual May meeting will be held not in Omaha as usual but in Los Angeles, where a wheelchair-bound Munger lives. Vice Chairmen Greg Abel and Ajit Jain, who have been given more authority in recent years, will also take part in the Q&A. Perhaps more succession news is in store.\n“Nobody’s going to listen to Buffett. Buffett doesn’t have the energy to say what he said 30 and 40 years ago in 2021. And that’s OK, he’s earned the right to basically chill out and be the GOAT. But there has to be other folks that take that mantle, take the baton and do it as well to this younger generation in a language they understand.” This was Palihapitiya speaking in a Bloomberg TV interview earlier this month.\nMaybe Buffett’s style doesn’t fit the current moment, but a moment is all it is. Value investing has cycled in and out of fashion, and as fad securities sold off this week, there’s talk that it may be back “in” again. In any case, “energy” isn’t what earned Buffett his celebrity. It was patience, conviction, a sense of duty to his partners and a rejection of complex profit adjustments that are so often used to obscure and confuse. That philosophy should never go out of style.","news_type":1},"isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366512725,"gmtCreate":1614509837767,"gmtModify":1704772171436,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366512725","repostId":"2114343228","repostType":4,"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368400031,"gmtCreate":1614343332523,"gmtModify":1704770937221,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Hood","listText":"Hood","text":"Hood","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/368400031","repostId":"1117820997","repostType":4,"repost":{"id":"1117820997","pubTimestamp":1614337504,"share":"https://ttm.financial/m/news/1117820997?lang=&edition=fundamental","pubTime":"2021-02-26 19:05","market":"us","language":"en","title":"Coinbase IPO: 5 things to know about the U.S. cryptocurrency exchange","url":"https://stock-news.laohu8.com/highlight/detail?id=1117820997","media":"MarketWatch","summary":"A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading","content":"<p>A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading platform filed paperwork with the Securities and Exchange Commission on Thursday.</p>\n<p>Coinbase&nbsp;plans to list on the Nasdaq Inc. exchange&nbsp;under the ticker symbol “COIN,” with the aim of employing a nontraditional direct listing to take itself public. This method means it won’t raise any new money, similar to approaches used by Palantir Technologies,Slack Technologies&nbsp;and Spotify Technology&nbsp;in recent years.</p>\n<p>Here’s what to know about the popular trading platform ahead of its public offering.</p>\n<p><b>What is Coinbase?</b></p>\n<p>The Silicon Valley crypto exchange was co-founded in 2012 by Brian Armstrong, 38, who runs the platform chief executive. Fred Ehrsam, a Coinbase director, also helped to create the company.</p>\n<p>There are two class of Coinbase shares. Armstrong owns 11% of the Class A shares and 22% of the Class B shares, while Ehrsam owns 11.4% of the Class A and 9% of the Class B.</p>\n<p>According to Forbes, Armstrong’s networth is currently $6.5 billion based on his ownership in the company, which is likely to increase if the direct listing goes off successfully.</p>\n<p>Coinbase bills itself as a bet on the rapidly growing cryptoeconomy, which starts with the No. 1 crypto asset bitcoin but goes well beyond that, Armstrong and company argue.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67e611f71f8557b80e1863da93d753c9\" tg-width=\"1260\" tg-height=\"639\"><span>COINBASE S-1</span></p>\n<p>Bitcoin prices&nbsp;have gained attention as it has soared to repeated records, most recently touching a recent peak above $58,000 over the weekend before beginning to give up some gains in recent trade.</p>\n<p>Last week, bitcoin hit a market value of $1 trillion and even though the asset created by a person or persons known as Satoshi Nakamoto represents about 70% of the total crypto market, there are still a number of other popular crypto assets trading on Coinbase, including ether&nbsp;on Ethereum’s blockchain, Bitcoin Cash&nbsp;and Litecoin,to name a few.</p>\n<p><b>Who else owns Coinbase?</b></p>\n<p>Venture-capital firm Andreessen Horowitz, is the largest owner of Coinbase, boasting about 25% of Class A shares and14% of Class B. And Marc Andreessen, head of the venture capital outfit, sits on Coinbase’s board.</p>\n<p>Coinbase has an ambitions echo those of Robinhood Markets</p>\n<p>“Coinbase is company with an ambitious vision: to create more economic freedom for every person and business,” Armstrong wrote in a letter appended to the company’s public-filing paperwork with the SEC.</p>\n<p><b>Biggest risk factor</b></p>\n<p>No doubt the biggest risk factor in Coinbase is that it is a bet on an unproven asset class that was created just over a decade ago. Coinbase attempts to make it clear that its fate is linked to the prospects for Bitcoin and ethereum and the thousands of other alternative coins that have been written into existence.</p>\n<p>But a decline in interest and tough regulations in the U.S. and elsewhere could wallop the exchange platform.</p>\n<p>Here’s now Coinbase explains it:</p>\n<p>“<i>There is no assurance that any supported crypto asset will maintain its value or that there will be meaningful levels of trading activities. In the event that the price of crypto assets or the demand for trading crypto assets decline, our business, operating results, and financial condition would be adversely affected. A majority of our net revenue is from transactions in Bitcoin and ethereum. If demand for these crypto assets declines and is not replaced by new demand for crypto assets, our business, operating results, and financial condition could be adversely affected</i>,” Coinbase writes in its S-1 filing.</p>\n<p><b>How large is Coinbase?</b></p>\n<p>The crypto exchange platform ranks No. 3 among the largest digital asset exchanges in the world, according to data site CoinMarketCap.com. That ranking puts it behind Binance, based in Seattle and Huobi Global, a Seychelles-based cryptocurrency exchange that was founded in China.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/183f3996adecd36a47a1b191cf6d3ca6\" tg-width=\"1260\" tg-height=\"453\"><span>COINMARKETCAP.COM</span></p>\n<p>In the U.S. Coinbase is by far the most well-known crypto platform but there are competitors, including Gemini, run by Tyler and Cameron Winklevoss, who famously used their Facebook Inc.&nbsp;settlements to invest in bitcoins.</p>\n<p>Kraken is another popular crypto platform and direct competitor in the U.S.</p>\n<p><b>Odds &amp; Ends</b></p>\n<p>The company in its public filing offered a number of homages to the founder or founders of bitcoin and the digital currency age in its submission.</p>\n<p>For example, it listed the genesis block associated with Satoshi Nakamoto at “1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa,” whose white paper back in 2008 set bitcoin in motion. (Additionally, a “Satoshi” is the smallest unit of bitcoin—0.00000001 BTC).</p>\n<p>The company offers no physical address for its headquarters in California, citing the COVID-19 pandemic, which has forced a number of companies to have most, if not all, of its staffers work remotely. For that reason, Coinbase refers to itself as “a remote-first company.”</p>\n<p>However, having no address to some was viewed as aligning with the decentralized nature of blockchain and bitcoins.</p>\n<p>The company also offered a handy primer on cryptocurrency terms, including defining terms like “hodl,” which have become popular in crypto circles. Hodl was accidentally coined in a 2013 Reddit&nbsp;and means long-term holder of an investment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d3d07b595555c3cb7e307056bde87a6\" tg-width=\"1260\" tg-height=\"348\"><span>SEC</span></p>\n<p><b>Armstrong crypto charity</b></p>\n<p>Back in 2018, Armstrong kicked off GiveCrypto.org, which makes direct cash transfers to people living in poverty.</p>\n<p>“People who invested early in crypto have amassed an enormous amount of wealth in a relatively short amount of time. Yet the reputation of the crypto community has been dominated by images of ‘bros in Lambos,’ whose antics get a lot of attention,”wrote Armstrong in a separate blog post on Mediumin 2018.</p>\n<p>Armstrong has reportedly donated at least $1 million to&nbsp;GiveCrypto.</p>","source":"market_watch","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>Coinbase IPO: 5 things to know about the U.S. cryptocurrency exchange</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\">\nCoinbase IPO: 5 things to know about the U.S. cryptocurrency exchange\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 19:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/coinbase-ipo-5-things-to-know-about-the-u-s-cryptocurrency-exchange-11614290534?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading platform filed paperwork with the Securities and Exchange Commission on Thursday.\nCoinbase plans to...</p>\n\n<a href=\"https://www.marketwatch.com/story/coinbase-ipo-5-things-to-know-about-the-u-s-cryptocurrency-exchange-11614290534?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","SPOT":"Spotify Technology S.A.","GBTC":"Grayscale Bitcoin Trust","TSLA":"特斯拉","PLTR":"Palantir Technologies Inc.","SQ":"Block","NDAQ":"纳斯达克OMX交易所"},"source_url":"https://www.marketwatch.com/story/coinbase-ipo-5-things-to-know-about-the-u-s-cryptocurrency-exchange-11614290534?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117820997","content_text":"A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading platform filed paperwork with the Securities and Exchange Commission on Thursday.\nCoinbase plans to list on the Nasdaq Inc. exchange under the ticker symbol “COIN,” with the aim of employing a nontraditional direct listing to take itself public. This method means it won’t raise any new money, similar to approaches used by Palantir Technologies,Slack Technologies and Spotify Technology in recent years.\nHere’s what to know about the popular trading platform ahead of its public offering.\nWhat is Coinbase?\nThe Silicon Valley crypto exchange was co-founded in 2012 by Brian Armstrong, 38, who runs the platform chief executive. Fred Ehrsam, a Coinbase director, also helped to create the company.\nThere are two class of Coinbase shares. Armstrong owns 11% of the Class A shares and 22% of the Class B shares, while Ehrsam owns 11.4% of the Class A and 9% of the Class B.\nAccording to Forbes, Armstrong’s networth is currently $6.5 billion based on his ownership in the company, which is likely to increase if the direct listing goes off successfully.\nCoinbase bills itself as a bet on the rapidly growing cryptoeconomy, which starts with the No. 1 crypto asset bitcoin but goes well beyond that, Armstrong and company argue.\nCOINBASE S-1\nBitcoin prices have gained attention as it has soared to repeated records, most recently touching a recent peak above $58,000 over the weekend before beginning to give up some gains in recent trade.\nLast week, bitcoin hit a market value of $1 trillion and even though the asset created by a person or persons known as Satoshi Nakamoto represents about 70% of the total crypto market, there are still a number of other popular crypto assets trading on Coinbase, including ether on Ethereum’s blockchain, Bitcoin Cash and Litecoin,to name a few.\nWho else owns Coinbase?\nVenture-capital firm Andreessen Horowitz, is the largest owner of Coinbase, boasting about 25% of Class A shares and14% of Class B. And Marc Andreessen, head of the venture capital outfit, sits on Coinbase’s board.\nCoinbase has an ambitions echo those of Robinhood Markets\n“Coinbase is company with an ambitious vision: to create more economic freedom for every person and business,” Armstrong wrote in a letter appended to the company’s public-filing paperwork with the SEC.\nBiggest risk factor\nNo doubt the biggest risk factor in Coinbase is that it is a bet on an unproven asset class that was created just over a decade ago. Coinbase attempts to make it clear that its fate is linked to the prospects for Bitcoin and ethereum and the thousands of other alternative coins that have been written into existence.\nBut a decline in interest and tough regulations in the U.S. and elsewhere could wallop the exchange platform.\nHere’s now Coinbase explains it:\n“There is no assurance that any supported crypto asset will maintain its value or that there will be meaningful levels of trading activities. In the event that the price of crypto assets or the demand for trading crypto assets decline, our business, operating results, and financial condition would be adversely affected. A majority of our net revenue is from transactions in Bitcoin and ethereum. If demand for these crypto assets declines and is not replaced by new demand for crypto assets, our business, operating results, and financial condition could be adversely affected,” Coinbase writes in its S-1 filing.\nHow large is Coinbase?\nThe crypto exchange platform ranks No. 3 among the largest digital asset exchanges in the world, according to data site CoinMarketCap.com. That ranking puts it behind Binance, based in Seattle and Huobi Global, a Seychelles-based cryptocurrency exchange that was founded in China.\nCOINMARKETCAP.COM\nIn the U.S. Coinbase is by far the most well-known crypto platform but there are competitors, including Gemini, run by Tyler and Cameron Winklevoss, who famously used their Facebook Inc. settlements to invest in bitcoins.\nKraken is another popular crypto platform and direct competitor in the U.S.\nOdds & Ends\nThe company in its public filing offered a number of homages to the founder or founders of bitcoin and the digital currency age in its submission.\nFor example, it listed the genesis block associated with Satoshi Nakamoto at “1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa,” whose white paper back in 2008 set bitcoin in motion. (Additionally, a “Satoshi” is the smallest unit of bitcoin—0.00000001 BTC).\nThe company offers no physical address for its headquarters in California, citing the COVID-19 pandemic, which has forced a number of companies to have most, if not all, of its staffers work remotely. For that reason, Coinbase refers to itself as “a remote-first company.”\nHowever, having no address to some was viewed as aligning with the decentralized nature of blockchain and bitcoins.\nThe company also offered a handy primer on cryptocurrency terms, including defining terms like “hodl,” which have become popular in crypto circles. Hodl was accidentally coined in a 2013 Reddit and means long-term holder of an investment.\nSEC\nArmstrong crypto charity\nBack in 2018, Armstrong kicked off GiveCrypto.org, which makes direct cash transfers to people living in poverty.\n“People who invested early in crypto have amassed an enormous amount of wealth in a relatively short amount of time. Yet the reputation of the crypto community has been dominated by images of ‘bros in Lambos,’ whose antics get a lot of attention,”wrote Armstrong in a separate blog post on Mediumin 2018.\nArmstrong has reportedly donated at least $1 million to GiveCrypto.","news_type":1},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369494048,"gmtCreate":1614068229184,"gmtModify":1704887547897,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Gid","listText":"Gid","text":"Gid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369494048","repostId":"1104764973","repostType":4,"repost":{"id":"1104764973","pubTimestamp":1614058677,"share":"https://ttm.financial/m/news/1104764973?lang=&edition=fundamental","pubTime":"2021-02-23 13:37","market":"us","language":"en","title":"Reddit's 'Roaring Kitty' Doubled His Stake in GameStop","url":"https://stock-news.laohu8.com/highlight/detail?id=1104764973","media":"Motley Fool","summary":"Is the rally in the video game retailer's stock about to begin anew?\nThe Reddit stock trader who lau","content":"<p>Is the rally in the video game retailer's stock about to begin anew?</p>\n<p>The Reddit stock trader who launched an insurrection against hedge funds trying to short&nbsp;<b>GameStop</b>(NYSE:GME)&nbsp;into oblivion is serious when he says he's bullish on the video game retailer.</p>\n<p><i>The Wall Street Journal</i>reported last week that Keith Gill -- known as Roaring Kitty on his YouTube channel -- doubled his stake in GameStop to 100,000 shares for a position that was worth $4 million.</p>\n<p><b>The mouse that roared</b></p>\n<p>Gill got the short-squeeze ball rolling last month after posting his bullish take on thevideo game retailerand noting hedge funds had overplayed their hand and shorted more stock than there was available to trade.</p>\n<p>It quickly became clear that small retail investors acting in concert to buy GameStop shares and options could cause the stock price to rise. In doing so, short-sellers would start covering their positions, leading to further increases in the share price.</p>\n<p>What Gill perhaps didn't realize was that a&nbsp;torrent of pent-up emotion&nbsp;would be unleashed in the process, and not only would GameStop be caught in a \"gamma squeeze,\" but that other heavily shorted stocks would get sucked into the vortex.</p>\n<p><b>AMC Entertainment</b>&nbsp;(NYSE:AMC),<b>Bed Bath &amp; Beyond</b>&nbsp;(NASDAQ:BBBY), and&nbsp;<b>Nokia</b>&nbsp;(NYSE:NOK)&nbsp;were among the companies that saw their stock prices soar hundreds if not thousands of a percent higher in the course of just a few days.</p>\n<p>Gill was called to&nbsp;testify before Congress&nbsp;on his actions that precipitated the stock trading frenzy, along with the heads of hedge funds and the Robinhood online trading app. Gill testified essentially that he liked GameStop's stock, and he has apparently backed up that sentiment with money, purchasing an additional 50,000 shares.</p>\n<p>GameStop stock was up over 7% in midday trading Monday, which would have added approximately another $290,000 in value to Gill's position.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit's 'Roaring Kitty' Doubled His Stake in GameStop</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\">\nReddit's 'Roaring Kitty' Doubled His Stake in GameStop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-23 13:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/02/22/reddits-roaring-kitty-doubled-his-stake-in-gamesto/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Is the rally in the video game retailer's stock about to begin anew?\nThe Reddit stock trader who launched an insurrection against hedge funds trying to short GameStop(NYSE:GME) into oblivion is ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/02/22/reddits-roaring-kitty-doubled-his-stake-in-gamesto/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.fool.com/investing/2021/02/22/reddits-roaring-kitty-doubled-his-stake-in-gamesto/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104764973","content_text":"Is the rally in the video game retailer's stock about to begin anew?\nThe Reddit stock trader who launched an insurrection against hedge funds trying to short GameStop(NYSE:GME) into oblivion is serious when he says he's bullish on the video game retailer.\nThe Wall Street Journalreported last week that Keith Gill -- known as Roaring Kitty on his YouTube channel -- doubled his stake in GameStop to 100,000 shares for a position that was worth $4 million.\nThe mouse that roared\nGill got the short-squeeze ball rolling last month after posting his bullish take on thevideo game retailerand noting hedge funds had overplayed their hand and shorted more stock than there was available to trade.\nIt quickly became clear that small retail investors acting in concert to buy GameStop shares and options could cause the stock price to rise. In doing so, short-sellers would start covering their positions, leading to further increases in the share price.\nWhat Gill perhaps didn't realize was that a torrent of pent-up emotion would be unleashed in the process, and not only would GameStop be caught in a \"gamma squeeze,\" but that other heavily shorted stocks would get sucked into the vortex.\nAMC Entertainment (NYSE:AMC),Bed Bath & Beyond (NASDAQ:BBBY), and Nokia (NYSE:NOK) were among the companies that saw their stock prices soar hundreds if not thousands of a percent higher in the course of just a few days.\nGill was called to testify before Congress on his actions that precipitated the stock trading frenzy, along with the heads of hedge funds and the Robinhood online trading app. Gill testified essentially that he liked GameStop's stock, and he has apparently backed up that sentiment with money, purchasing an additional 50,000 shares.\nGameStop stock was up over 7% in midday trading Monday, which would have added approximately another $290,000 in value to Gill's position.","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369495903,"gmtCreate":1614068161002,"gmtModify":1704887547087,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"&nbsp;Good&nbsp;","listText":"&nbsp;Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369495903","repostId":"2113238459","repostType":4,"repost":{"id":"2113238459","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1614066041,"share":"https://ttm.financial/m/news/2113238459?lang=&edition=fundamental","pubTime":"2021-02-23 15:40","market":"sh","language":"en","title":"China stocks end lower, losses limited by gains in financials","url":"https://stock-news.laohu8.com/highlight/detail?id=2113238459","media":"Reuters","summary":"SHANGHAI, Feb 23 (Reuters) - China stocks closed lower in volatile trading on Tuesday, after a sharp","content":"<p>SHANGHAI, Feb 23 (Reuters) - China stocks closed lower in volatile trading on Tuesday, after a sharp correction the previous session, as worries over policy tightening weighed on sectors with lofty valuations, although losses were limited by gains in financials shares.</p><p>The blue-chip CSI300 index fell 0.3% to 5,579.67, after logging the biggest daily drop in nearly seven months on Monday. The Shanghai Composite Index slid 0.2% to 3,636.36.</p><p>\"The trend of China's policy tightening is quite evident and definite, though the PBOC would refrain from sudden and fast tightening with an aim to provide stability for the market,\" said Zheng Zichun, an analyst with AVIC Securities.</p><p>\"We now favour cyclical companies, including those in petroleum and chemical, nonferrous metals, digging and financial industries,\" he said.</p><p>China's central bank said it would prioritise policy stability and avoid making sudden shifts, while providing the support needed for a continued economic recovery in 2021.</p><p>High-flying sectors, including consumer and new energy firms, continued to sag on tightening fears.</p><p>The CSI300 consumer discretionary index dropped 1.8% after falling 5.9% on Monday, while the CSI new energy index declined 0.6%.</p><p>However, financial firms gained, with the CSI300 banks index adding 1% as investors expected banks to benefit from a continued economic recovery and policy tightening. The index has gained nearly 15% so far this year.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China stocks end lower, losses limited by gains in financials</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\">\nChina stocks end lower, losses limited by gains in financials\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-23 15:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI, Feb 23 (Reuters) - China stocks closed lower in volatile trading on Tuesday, after a sharp correction the previous session, as worries over policy tightening weighed on sectors with lofty valuations, although losses were limited by gains in financials shares.</p><p>The blue-chip CSI300 index fell 0.3% to 5,579.67, after logging the biggest daily drop in nearly seven months on Monday. The Shanghai Composite Index slid 0.2% to 3,636.36.</p><p>\"The trend of China's policy tightening is quite evident and definite, though the PBOC would refrain from sudden and fast tightening with an aim to provide stability for the market,\" said Zheng Zichun, an analyst with AVIC Securities.</p><p>\"We now favour cyclical companies, including those in petroleum and chemical, nonferrous metals, digging and financial industries,\" he said.</p><p>China's central bank said it would prioritise policy stability and avoid making sudden shifts, while providing the support needed for a continued economic recovery in 2021.</p><p>High-flying sectors, including consumer and new energy firms, continued to sag on tightening fears.</p><p>The CSI300 consumer discretionary index dropped 1.8% after falling 5.9% on Monday, while the CSI new energy index declined 0.6%.</p><p>However, financial firms gained, with the CSI300 banks index adding 1% as investors expected banks to benefit from a continued economic recovery and policy tightening. The index has gained nearly 15% so far this year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2113238459","content_text":"SHANGHAI, Feb 23 (Reuters) - China stocks closed lower in volatile trading on Tuesday, after a sharp correction the previous session, as worries over policy tightening weighed on sectors with lofty valuations, although losses were limited by gains in financials shares.The blue-chip CSI300 index fell 0.3% to 5,579.67, after logging the biggest daily drop in nearly seven months on Monday. The Shanghai Composite Index slid 0.2% to 3,636.36.\"The trend of China's policy tightening is quite evident and definite, though the PBOC would refrain from sudden and fast tightening with an aim to provide stability for the market,\" said Zheng Zichun, an analyst with AVIC Securities.\"We now favour cyclical companies, including those in petroleum and chemical, nonferrous metals, digging and financial industries,\" he said.China's central bank said it would prioritise policy stability and avoid making sudden shifts, while providing the support needed for a continued economic recovery in 2021.High-flying sectors, including consumer and new energy firms, continued to sag on tightening fears.The CSI300 consumer discretionary index dropped 1.8% after falling 5.9% on Monday, while the CSI new energy index declined 0.6%.However, financial firms gained, with the CSI300 banks index adding 1% as investors expected banks to benefit from a continued economic recovery and policy tightening. The index has gained nearly 15% so far this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360286597,"gmtCreate":1613926309219,"gmtModify":1704885969098,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360286597","repostId":"2112813890","repostType":4,"repost":{"id":"2112813890","pubTimestamp":1613693803,"share":"https://ttm.financial/m/news/2112813890?lang=&edition=fundamental","pubTime":"2021-02-19 08:16","market":"us","language":"en","title":"Former Disney Executives Turn Into L.A.’s Hottest Dealmakers","url":"https://stock-news.laohu8.com/highlight/detail?id=2112813890","media":"Bloomberg","summary":"(Bloomberg) -- Kevin Mayer and Tom Staggs, who were both once in line to lead Walt Disney Co., are e","content":"<p>(Bloomberg) -- Kevin Mayer and Tom Staggs, who were both once in line to lead Walt Disney Co., are emerging as two of the busiest dealmakers in Los Angeles.</p>\n<p>They filed papers Thursday to raise as much as $345 million for Forest Road Acquisition II, their second special purpose acquisition company, or SPAC, which will be looking at businesses to buy. On Feb. 10, the original <a href=\"https://laohu8.com/S/FRX.U\">Forest Road Acquisition Corp.</a> announced that it was merging with two fitness companies to create Beachbody Co., a wellness company with a market value of $2.9 billion.</p>\n<p>Mayer, 58, and Staggs, 60, are also attempting to raise $2 billion from Blackstone Group Inc. to acquire other entertainment businesses, including music impresario Scooter Braun’s Ithaca Holdings and TV producer Ben Silverman’s Propagate Content, according to people familiar with their thinking.</p>\n<p>The pair, who will serve as co-chairman and co-chief executive officers of the new venture, plan to acquire businesses involved in music, film and TV production, managing artists and developing influencers in the worlds of sports and entertainment.</p>\n<p>The Hollywood Reporter reported earlier this week on those plans.</p>\n<p>Staggs, formerly the chief operating officer at Disney, left four years ago after being told he wasn’t likely get the top job. He had been serving on the boards of businesses making fitness and environmental products, while mulling some more high-profile entertainment jobs. He didn’t enter the public eye in a big way again until joining with Mayer in October to form the first Forest Road. Basketball star and commentator Shaquille O’Neal also joined the company as a strategic adviser.</p>\n<p>Once obscure vehicles for taking companies public, SPACs soared to record levels last year, accounting for 46% of the $180 billion raised in initial public offerings on U.S. exchanges, according to data compiled by Bloomberg. This year, SPACs are dominating new listings, making up 63% of $76 billion in IPO volume, the data show.</p>\n<p>Mayer led the launch of Disney’s phenomenally successful Disney+ streaming service, before being passed over for the CEO position last February. He briefly took on that role at social media giant TikTok -- the source of ire for then-President Donald Trump because of its ties to China -- before leaving the company in August.</p>\n<p>“We’re doing some other stuff we’re looking at some other things,” Mayer said during an interview on Bloomberg Television after the Beachbody deal this month. “There may be future announcements to make,” he said with a smile.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Former Disney Executives Turn Into L.A.’s Hottest Dealmakers</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\">\nFormer Disney Executives Turn Into L.A.’s Hottest Dealmakers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 08:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/former-disney-executives-turn-l-001643339.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Kevin Mayer and Tom Staggs, who were both once in line to lead Walt Disney Co., are emerging as two of the busiest dealmakers in Los Angeles.\nThey filed papers Thursday to raise as much...</p>\n\n<a href=\"https://finance.yahoo.com/news/former-disney-executives-turn-l-001643339.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://finance.yahoo.com/news/former-disney-executives-turn-l-001643339.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2112813890","content_text":"(Bloomberg) -- Kevin Mayer and Tom Staggs, who were both once in line to lead Walt Disney Co., are emerging as two of the busiest dealmakers in Los Angeles.\nThey filed papers Thursday to raise as much as $345 million for Forest Road Acquisition II, their second special purpose acquisition company, or SPAC, which will be looking at businesses to buy. On Feb. 10, the original Forest Road Acquisition Corp. announced that it was merging with two fitness companies to create Beachbody Co., a wellness company with a market value of $2.9 billion.\nMayer, 58, and Staggs, 60, are also attempting to raise $2 billion from Blackstone Group Inc. to acquire other entertainment businesses, including music impresario Scooter Braun’s Ithaca Holdings and TV producer Ben Silverman’s Propagate Content, according to people familiar with their thinking.\nThe pair, who will serve as co-chairman and co-chief executive officers of the new venture, plan to acquire businesses involved in music, film and TV production, managing artists and developing influencers in the worlds of sports and entertainment.\nThe Hollywood Reporter reported earlier this week on those plans.\nStaggs, formerly the chief operating officer at Disney, left four years ago after being told he wasn’t likely get the top job. He had been serving on the boards of businesses making fitness and environmental products, while mulling some more high-profile entertainment jobs. He didn’t enter the public eye in a big way again until joining with Mayer in October to form the first Forest Road. Basketball star and commentator Shaquille O’Neal also joined the company as a strategic adviser.\nOnce obscure vehicles for taking companies public, SPACs soared to record levels last year, accounting for 46% of the $180 billion raised in initial public offerings on U.S. exchanges, according to data compiled by Bloomberg. This year, SPACs are dominating new listings, making up 63% of $76 billion in IPO volume, the data show.\nMayer led the launch of Disney’s phenomenally successful Disney+ streaming service, before being passed over for the CEO position last February. He briefly took on that role at social media giant TikTok -- the source of ire for then-President Donald Trump because of its ties to China -- before leaving the company in August.\n“We’re doing some other stuff we’re looking at some other things,” Mayer said during an interview on Bloomberg Television after the Beachbody deal this month. “There may be future announcements to make,” he said with a smile.","news_type":1},"isVote":1,"tweetType":1,"viewCount":73,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360286663,"gmtCreate":1613926266952,"gmtModify":1704885968611,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360286663","repostId":"1131795735","repostType":4,"repost":{"id":"1131795735","pubTimestamp":1613719726,"share":"https://ttm.financial/m/news/1131795735?lang=&edition=fundamental","pubTime":"2021-02-19 15:28","market":"us","language":"en","title":"VW’s Potential Porsche Listing Signals Auto Upheaval Just Starting","url":"https://stock-news.laohu8.com/highlight/detail?id=1131795735","media":"Bloomberg","summary":"(Bloomberg) -- Volkswagen AG’s potential listing of Porsche would be a strategic watershed moment an","content":"<p>(Bloomberg) -- Volkswagen AG’s potential listing of Porsche would be a strategic watershed moment and indicate the unprecedented upheaval of the auto industry may only just be beginning.</p>\n<p>The German industrial giant and other incumbents have navigated a global pandemic far better than initially feared, posting robust profits and ample amounts of cash flow. Even still, their valuations are stubbornly low compared to Tesla Inc.</p>\n<p>No automotive CEO has lamented this as openly and frequently as Herbert Diess, who routinely makes headlines by emphasizing the urgency with which VW must move to transform itself. Exploring a Porsche listing is a nod to that need and will be a litmus test of sorts for its future.</p>\n<p>“There’s a loss of power due to the low valuation, which Diess has complained about in the past, and that’s a significant disadvantage,” said Bankhaus Metzler analyst Juergen Pieper. “An IPO of Porsche would be the silver bullet.”</p>\n<p>Porsche’s appeal is obvious to investors. Bloomberg Intelligence analyst Michael Dean reckons the 911 maker could stand up a 110 billion-euro ($133 billion) valuation in an initial public offering, roughly 20 billion euros more than investors value VW at now.</p>\n<p>But getting such a deal done won’t be simple because of the institutional hurdles that have stood in the way of other attempts Diess, 62, has made to shake up VW since he became CEO in 2018. Major decisions must be approved by the company’s dominant and oft-at-odds shareholders led by the Porsche and Piech family and German state of Lower Saxony, which tends to side with powerful labor unions.</p>\n<p><b>‘Old-Auto’</b></p>\n<p>What Tesla’s meteoric rise has done, however, is send a clear signal to Diess that extreme measures must be taken to get the capital markets to come around to “old-auto” companies. VW’s review of options for Porsche comes on the heels of Daimler AG deciding to spin off its truck unit after years of management opposition to such a move. Its shares have advanced 13% since then and are hovering around a three-year high.</p>\n<p>Even after the spinoff boost, Daimler is worth about $86 billion, almost matching the valuation of NIO Inc., which brought in roughly one-tenth the revenue last year.</p>\n<p>Investors have taken a dim view of carmakers’ ability to keep up with new entrants unencumbered by sprawling production networks centered around combustion engines. Ford Motor Co. put this reality in stark relief this week when it announced plans to go from selling zero electric vehicles last year in Europe to only offering all-electric passenger cars by the end of the decade.</p>\n<p>It’s clear VW will spare no expense in its efforts to catch up to Tesla, having budgeted a bigger slice of its 150 billion-euro spending budget for investment in electric cars and software in the next five years. As strong as earnings are now, they’ll be strained by all the costs associated with retiring some operations.</p>\n<p>“VW’s balance sheet may not be fit to ensure both accelerated investments in electric and autonomous vehicles and finance an accelerated downsizing of legacy issues,” Jefferies analyst Philippe Houchois said in a note.</p>\n<p><b>Ferrari-Like</b></p>\n<p>Proceeds from listing Porsche could go a long way, since its brand power and luxury cachet are on par with Ferrari NV, one of the rare recent success stories among traditional auto companies. Fiat Chrysler spun off the supercar maker in 2015, and the shares have soared 282% since the IPO.</p>\n<p>The Porsche 911 alone probably exceeds Ferrari’s earnings before interest, taxes, depreciation and amortization, according to Dean, the Bloomberg Intelligence analyst. It also has a strong electric story to tell, with the Taycan model that debuted in 2019 portending a shift to about half of sales being battery-powered by 2025.</p>\n<p>Porsche will add a more spacious version of the Taycan to the lineup later this year, then roll out a battery-powered version of the Macan crossover in 2022 that will be based on a new dedicated EV platform being co-developed with Audi.</p>\n<p><b>Nothing New</b></p>\n<p>The idea of a separate listing for Porsche isn’t new as such. Three years ago, Lutz Meschke, chief financial officer of the sports-car maker, pointed out the value potential during an informal briefing at a research-and-development center outside Stuttgart, only to be reprimanded by VW headquarters.</p>\n<p>The opposition inside VW’s boardroom appears to have eased in the wake of an industry transformation many predicted for years but is now is gaining traction at an unprecedented pace. Roughly 10% of passenger vehicles purchased in Europe in the fourth quarter were battery-electric. In December, the share was about 14%.</p>\n<p>Still, a Porsche listing is anything but certain. VW embarked on an asset review half a decade ago, aiming for more decentralized and agile reporting lines and simplify its unwieldy conglomerate structure. Results of the reform efforts have been modest so far, with attempts to separate niche brands such as Ducati and Lamborghini undermined by key stakeholders. The downsized 2019 IPO of trucks unit Traton SE was almost derailed by internal wrangling.</p>\n<p>“You’d think that the Italian business would have been an easier sell internally, and the fact that that didn’t happen begs the question why Porsche would happen,” RBC Capital analyst Tom Narayan said by phone. “It is frustrating for traditional car companies. Tesla can use equity currency to finance growth and grow into their backyard.”</p>","source":"lsy1584095487587","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>VW’s Potential Porsche Listing Signals Auto Upheaval Just Starting</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\">\nVW’s Potential Porsche Listing Signals Auto Upheaval Just Starting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 15:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-potential-porsche-listing-signals-050000564.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Volkswagen AG’s potential listing of Porsche would be a strategic watershed moment and indicate the unprecedented upheaval of the auto industry may only just be beginning.\nThe German ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-potential-porsche-listing-signals-050000564.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLKAY":"大众汽车"},"source_url":"https://finance.yahoo.com/news/vw-potential-porsche-listing-signals-050000564.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131795735","content_text":"(Bloomberg) -- Volkswagen AG’s potential listing of Porsche would be a strategic watershed moment and indicate the unprecedented upheaval of the auto industry may only just be beginning.\nThe German industrial giant and other incumbents have navigated a global pandemic far better than initially feared, posting robust profits and ample amounts of cash flow. Even still, their valuations are stubbornly low compared to Tesla Inc.\nNo automotive CEO has lamented this as openly and frequently as Herbert Diess, who routinely makes headlines by emphasizing the urgency with which VW must move to transform itself. Exploring a Porsche listing is a nod to that need and will be a litmus test of sorts for its future.\n“There’s a loss of power due to the low valuation, which Diess has complained about in the past, and that’s a significant disadvantage,” said Bankhaus Metzler analyst Juergen Pieper. “An IPO of Porsche would be the silver bullet.”\nPorsche’s appeal is obvious to investors. Bloomberg Intelligence analyst Michael Dean reckons the 911 maker could stand up a 110 billion-euro ($133 billion) valuation in an initial public offering, roughly 20 billion euros more than investors value VW at now.\nBut getting such a deal done won’t be simple because of the institutional hurdles that have stood in the way of other attempts Diess, 62, has made to shake up VW since he became CEO in 2018. Major decisions must be approved by the company’s dominant and oft-at-odds shareholders led by the Porsche and Piech family and German state of Lower Saxony, which tends to side with powerful labor unions.\n‘Old-Auto’\nWhat Tesla’s meteoric rise has done, however, is send a clear signal to Diess that extreme measures must be taken to get the capital markets to come around to “old-auto” companies. VW’s review of options for Porsche comes on the heels of Daimler AG deciding to spin off its truck unit after years of management opposition to such a move. Its shares have advanced 13% since then and are hovering around a three-year high.\nEven after the spinoff boost, Daimler is worth about $86 billion, almost matching the valuation of NIO Inc., which brought in roughly one-tenth the revenue last year.\nInvestors have taken a dim view of carmakers’ ability to keep up with new entrants unencumbered by sprawling production networks centered around combustion engines. Ford Motor Co. put this reality in stark relief this week when it announced plans to go from selling zero electric vehicles last year in Europe to only offering all-electric passenger cars by the end of the decade.\nIt’s clear VW will spare no expense in its efforts to catch up to Tesla, having budgeted a bigger slice of its 150 billion-euro spending budget for investment in electric cars and software in the next five years. As strong as earnings are now, they’ll be strained by all the costs associated with retiring some operations.\n“VW’s balance sheet may not be fit to ensure both accelerated investments in electric and autonomous vehicles and finance an accelerated downsizing of legacy issues,” Jefferies analyst Philippe Houchois said in a note.\nFerrari-Like\nProceeds from listing Porsche could go a long way, since its brand power and luxury cachet are on par with Ferrari NV, one of the rare recent success stories among traditional auto companies. Fiat Chrysler spun off the supercar maker in 2015, and the shares have soared 282% since the IPO.\nThe Porsche 911 alone probably exceeds Ferrari’s earnings before interest, taxes, depreciation and amortization, according to Dean, the Bloomberg Intelligence analyst. It also has a strong electric story to tell, with the Taycan model that debuted in 2019 portending a shift to about half of sales being battery-powered by 2025.\nPorsche will add a more spacious version of the Taycan to the lineup later this year, then roll out a battery-powered version of the Macan crossover in 2022 that will be based on a new dedicated EV platform being co-developed with Audi.\nNothing New\nThe idea of a separate listing for Porsche isn’t new as such. Three years ago, Lutz Meschke, chief financial officer of the sports-car maker, pointed out the value potential during an informal briefing at a research-and-development center outside Stuttgart, only to be reprimanded by VW headquarters.\nThe opposition inside VW’s boardroom appears to have eased in the wake of an industry transformation many predicted for years but is now is gaining traction at an unprecedented pace. Roughly 10% of passenger vehicles purchased in Europe in the fourth quarter were battery-electric. In December, the share was about 14%.\nStill, a Porsche listing is anything but certain. VW embarked on an asset review half a decade ago, aiming for more decentralized and agile reporting lines and simplify its unwieldy conglomerate structure. Results of the reform efforts have been modest so far, with attempts to separate niche brands such as Ducati and Lamborghini undermined by key stakeholders. The downsized 2019 IPO of trucks unit Traton SE was almost derailed by internal wrangling.\n“You’d think that the Italian business would have been an easier sell internally, and the fact that that didn’t happen begs the question why Porsche would happen,” RBC Capital analyst Tom Narayan said by phone. “It is frustrating for traditional car companies. Tesla can use equity currency to finance growth and grow into their backyard.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360341545,"gmtCreate":1613846260987,"gmtModify":1704885470691,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360341545","repostId":"1194607255","repostType":4,"repost":{"id":"1194607255","pubTimestamp":1613728971,"share":"https://ttm.financial/m/news/1194607255?lang=&edition=fundamental","pubTime":"2021-02-19 18:02","market":"us","language":"en","title":"Uber drivers should be classified as workers not independent contractors, top UK court rules","url":"https://stock-news.laohu8.com/highlight/detail?id=1194607255","media":"cnbc","summary":"LONDON —Uberlost a crucial legal fight in the U.K. on Friday, as the country's Supreme Court upheld ","content":"<div>\n<p>LONDON —Uberlost a crucial legal fight in the U.K. on Friday, as the country's Supreme Court upheld a ruling that its drivers should be classified as workers rather than independent contractors.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/19/uk-supreme-court-rules-uber-drivers-are-workers-not-contractors.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Uber drivers should be classified as workers not independent contractors, top UK court rules</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\">\nUber drivers should be classified as workers not independent contractors, top UK court rules\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/19/uk-supreme-court-rules-uber-drivers-are-workers-not-contractors.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —Uberlost a crucial legal fight in the U.K. on Friday, as the country's Supreme Court upheld a ruling that its drivers should be classified as workers rather than independent contractors.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/19/uk-supreme-court-rules-uber-drivers-are-workers-not-contractors.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.cnbc.com/2021/02/19/uk-supreme-court-rules-uber-drivers-are-workers-not-contractors.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1194607255","content_text":"LONDON —Uberlost a crucial legal fight in the U.K. on Friday, as the country's Supreme Court upheld a ruling that its drivers should be classified as workers rather than independent contractors.\nThe verdict concludes an almost five-year legal battle between Uber and a group of former drivers who claim they were workers entitled to employment rights like a minimum wage, holiday pay and rest breaks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360341665,"gmtCreate":1613846157057,"gmtModify":1704885470367,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360341665","repostId":"1143100356","repostType":4,"repost":{"id":"1143100356","pubTimestamp":1613792715,"share":"https://ttm.financial/m/news/1143100356?lang=&edition=fundamental","pubTime":"2021-02-20 11:45","market":"us","language":"en","title":"2 Top Tech Stocks to Buy Now for Big Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1143100356","media":"Nasdaq","summary":"The S&P 500 and the tech-heavy Nasdaq slipped during the week of February 15, after they closed at new records last week. Despite the drop in some of the big tech names such as AppleAAPL, FacebookFB, MicrosoftMSFT, Zoom VideoZM, and countless others this week, the market fundamentals remain relatively strong.Ebbs and flows, as well as pullbacks and corrections are healthy aspects of the market. And they need not be viewed as anything but normal occurrences, especially as strong earnings results ","content":"<p>The S&amp;P 500 and the tech-heavy Nasdaq slipped during the week of February 15, after they closed at new records last week. Despite the drop in some of the big tech names such as AppleAAPL, FacebookFB, MicrosoftMSFT, Zoom VideoZM, and countless others this week, the market fundamentals remain relatively strong.</p><p>Ebbs and flows, as well as pullbacks and corrections are healthy aspects of the market. And they need not be viewed as anything but normal occurrences, especially as strong earnings results continue to pour in. Better yet, the outlook for the first quarter and the rest of 2021 has improved significantly.</p><p>Vaccine distribution will hopefully help the economy roar back by the summer and lift some of the hardest-hit areas of the economy. Meanwhile, Wall Street is banking on more spending under the Biden administration and the Fed remains firmly committed to keeping interest rates low.</p><p>All of these factors set up a bullish outlook for 2021. But instead of focusing on companies that need a vaccine to really grow, let’s look at two tech stocks that have posted big sales growth during the pandemic and are ready to expand for years within futuristic industries…</p><p><b>NIO Inc.NIO</b></p><p>Every major automaker, from FordFto Volvo, is racing to roll out more electric vehicles as they try to catch TeslaTSLA. Luckily for investors, the EV market is far from a zero-sum game and newcomers continue to enter the space. Chinese EV maker NIO is a rising star in the booming market, as its sales continue to grow. The company is also focused on autonomous driving tech, as well as batteries, which are the lifeblood of the industry.</p><p>NIO sells multiple models that are somewhat in-line with Tesla, from smaller SUVs to sedans. The company said in early January that it delivered 17,353 vehicles in the fourth quarter, which marked a 110% jump.</p><p>Overall, NIO’s full-year deliveries surged 113% to nearly 44,000 vehicles in 2020. And its January 2021 figures were even more impressive, with deliveries up 350% from the year-ago period to push its overall cumulative deliveries to 83K.</p><p>With this in mind, Zacks estimates call for NIO’s FY20 revenue to jump 120% to $2.49 billion, with FY21 projected to come in another 97% higher to reach $4.89 billion. The Chinese EV company is also expected to significantly shrink its adjusted losses during this stretch.</p><p>NIO has topped our EPS estimates in the trailing two periods and its positive earnings revisions help it land a Zacks Rank #2 (Buy) heading into the release of its Q4 results on March 1.</p><p><img src=\"https://static.tigerbbs.com/5b6233d1784a5cb7db62b437f7632a3f\" tg-width=\"620\" tg-height=\"314\" referrerpolicy=\"no-referrer\"></p><p>NIO, which rocks an “A” grade for Growth in our Style Scores system, has seen its stock skyrocket over 1,000% in the last year and 300% in the past six months. Luckily for investors who missed the ride, NIO has cooled down, up only 12% in the last three months.</p><p>At roughly $55 per share, it’s down about 13% from its late January records. The recent downturn has seen it fall from overbought in terms of the Relative Strength Index to around 45—an RSI above 70 is often regarded as overbought, with any number below 30 considered oversold.</p><p>NIO’s recent price performance could give it room to run if it’s able to impress Wall Street. And the stock jumped over 1% through morning trading Friday, as it bounces off its 50-day moving average. NIO shares also trade at a discount compared to other high-flyers at 12.7X forward sales, which marks a discount against Tesla’s 15.5X and comes in 25% below its own six-months highs.</p><p>Three out of the nine brokerage recommendations that Zacks has for NIO come in at a “Strong Buy,” with none below a “Hold.” NIO might be worth buying as a long-term play that’s far less expensive than Tesla ($784 a share), in a world where EVs already accounted for over 30% of Volvo’s new car sales in Europe in 2020. And let’s remember that China is one of the world’s largest EV markets.</p><p><b>CrowdStrikeCRWD</b></p><p>CrowdStrike is a cloud-focused cybersecurity firm that utilizes machine learning and AI to protect endpoints and cloud workloads. This is crucial in the cloud age that’s full of rapidly expanding endpoints, which include laptops, desktops, smartphones, IoT devices, and more.</p><p>Remote work and schooling pushed this area of the ever-growing cybersecurity space to the forefront, but it was already booming. More importantly, as devices proliferate and our digitally-connected world grows more complex, it becomes more vulnerable.</p><p>CrowdStrike on February announced plans to bolster its offerings through the acquisition of Humio for $400 million—expected to close in the first quarter. Humio provides high-performance cloud log management and observability technology. The deal is set to “further expand its eXtended Detection and Response (XDR) capabilities by ingesting and correlating data from any log, application or feed to deliver actionable insights and real-time protection.”</p><p><img src=\"https://static.tigerbbs.com/9f684cfbac7ba46e2cf8ab6e063461a2\" tg-width=\"620\" tg-height=\"280\" referrerpolicy=\"no-referrer\"></p><p>CrowdStrike, which went public in the summer of 2019, has soared nearly 280% in the past 12 months. More recently, the stock is up 65% in the last six months, and it already bounced back to new records—which it hit earlier in the week—after it slipped in mid-January.</p><p>The stock is firmly a growth play at the moment, trading at 42.7X forward sales, which puts it right in line with e-commerce giant ShopifySHOP. Despite its run, the stock is not currently considered overbought, with an RSI of 64.</p><p>CRWD’s positive earnings revisions help it grab a Zacks Rank #2 (Buy) at the moment, with it set to release its fourth quarter fiscal 2021 results on March 16. Meanwhile, 14 of the 19 brokerage ratings Zacks has for CRWD come in at a “Strong Buy,” with none lower than a “Hold.”</p><p>Looking back, the company crushed our Q3 estimates in December, with sales up 86%. CrowdStrike also lifted its guidance at the time. Zacks estimates currently call for it to swing from an adjusted loss of -$0.02 a share in the year-ago period to +$0.09 in the fourth quarter on 65% stronger sales.</p><p>In total, the cybersecurity firm is projected to soar from a loss of -$0.42 a share to +$0.23 in fiscal 2021. Plus, CRWD’s FY22 EPS figure is projected to climb another 70% higher, all the way to $0.39 a share. Meanwhile, its revenue is projected to jump 79% to hit $861 million in FY21 and then climb another 42% to $1.22 billion in FY22.</p><p>CrowdStrike’s expected growth would come on top of FY20’s 93% sales expansion. The stock has clearly already gone on an impressive run. But it is poised to continue to grow in a world where everything is connected and data is endless. Therefore, cybersecurity firms such as CrowdStrike might make for strong long-term growth plays.</p><p><b>These Stocks Are Poised to Soar Past the Pandemic</b>The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.</p><p>Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.</p>","source":"lsy1604288433698","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>2 Top Tech Stocks to Buy Now for Big Growth</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\">\n2 Top Tech Stocks to Buy Now for Big Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-20 11:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/2-top-tech-stocks-to-buy-now-for-big-growth-2021-02-19><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 and the tech-heavy Nasdaq slipped during the week of February 15, after they closed at new records last week. Despite the drop in some of the big tech names such as AppleAAPL, FacebookFB, ...</p>\n\n<a href=\"https://www.nasdaq.com/articles/2-top-tech-stocks-to-buy-now-for-big-growth-2021-02-19\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.nasdaq.com/articles/2-top-tech-stocks-to-buy-now-for-big-growth-2021-02-19","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143100356","content_text":"The S&P 500 and the tech-heavy Nasdaq slipped during the week of February 15, after they closed at new records last week. Despite the drop in some of the big tech names such as AppleAAPL, FacebookFB, MicrosoftMSFT, Zoom VideoZM, and countless others this week, the market fundamentals remain relatively strong.Ebbs and flows, as well as pullbacks and corrections are healthy aspects of the market. And they need not be viewed as anything but normal occurrences, especially as strong earnings results continue to pour in. Better yet, the outlook for the first quarter and the rest of 2021 has improved significantly.Vaccine distribution will hopefully help the economy roar back by the summer and lift some of the hardest-hit areas of the economy. Meanwhile, Wall Street is banking on more spending under the Biden administration and the Fed remains firmly committed to keeping interest rates low.All of these factors set up a bullish outlook for 2021. But instead of focusing on companies that need a vaccine to really grow, let’s look at two tech stocks that have posted big sales growth during the pandemic and are ready to expand for years within futuristic industries…NIO Inc.NIOEvery major automaker, from FordFto Volvo, is racing to roll out more electric vehicles as they try to catch TeslaTSLA. Luckily for investors, the EV market is far from a zero-sum game and newcomers continue to enter the space. Chinese EV maker NIO is a rising star in the booming market, as its sales continue to grow. The company is also focused on autonomous driving tech, as well as batteries, which are the lifeblood of the industry.NIO sells multiple models that are somewhat in-line with Tesla, from smaller SUVs to sedans. The company said in early January that it delivered 17,353 vehicles in the fourth quarter, which marked a 110% jump.Overall, NIO’s full-year deliveries surged 113% to nearly 44,000 vehicles in 2020. And its January 2021 figures were even more impressive, with deliveries up 350% from the year-ago period to push its overall cumulative deliveries to 83K.With this in mind, Zacks estimates call for NIO’s FY20 revenue to jump 120% to $2.49 billion, with FY21 projected to come in another 97% higher to reach $4.89 billion. The Chinese EV company is also expected to significantly shrink its adjusted losses during this stretch.NIO has topped our EPS estimates in the trailing two periods and its positive earnings revisions help it land a Zacks Rank #2 (Buy) heading into the release of its Q4 results on March 1.NIO, which rocks an “A” grade for Growth in our Style Scores system, has seen its stock skyrocket over 1,000% in the last year and 300% in the past six months. Luckily for investors who missed the ride, NIO has cooled down, up only 12% in the last three months.At roughly $55 per share, it’s down about 13% from its late January records. The recent downturn has seen it fall from overbought in terms of the Relative Strength Index to around 45—an RSI above 70 is often regarded as overbought, with any number below 30 considered oversold.NIO’s recent price performance could give it room to run if it’s able to impress Wall Street. And the stock jumped over 1% through morning trading Friday, as it bounces off its 50-day moving average. NIO shares also trade at a discount compared to other high-flyers at 12.7X forward sales, which marks a discount against Tesla’s 15.5X and comes in 25% below its own six-months highs.Three out of the nine brokerage recommendations that Zacks has for NIO come in at a “Strong Buy,” with none below a “Hold.” NIO might be worth buying as a long-term play that’s far less expensive than Tesla ($784 a share), in a world where EVs already accounted for over 30% of Volvo’s new car sales in Europe in 2020. And let’s remember that China is one of the world’s largest EV markets.CrowdStrikeCRWDCrowdStrike is a cloud-focused cybersecurity firm that utilizes machine learning and AI to protect endpoints and cloud workloads. This is crucial in the cloud age that’s full of rapidly expanding endpoints, which include laptops, desktops, smartphones, IoT devices, and more.Remote work and schooling pushed this area of the ever-growing cybersecurity space to the forefront, but it was already booming. More importantly, as devices proliferate and our digitally-connected world grows more complex, it becomes more vulnerable.CrowdStrike on February announced plans to bolster its offerings through the acquisition of Humio for $400 million—expected to close in the first quarter. Humio provides high-performance cloud log management and observability technology. The deal is set to “further expand its eXtended Detection and Response (XDR) capabilities by ingesting and correlating data from any log, application or feed to deliver actionable insights and real-time protection.”CrowdStrike, which went public in the summer of 2019, has soared nearly 280% in the past 12 months. More recently, the stock is up 65% in the last six months, and it already bounced back to new records—which it hit earlier in the week—after it slipped in mid-January.The stock is firmly a growth play at the moment, trading at 42.7X forward sales, which puts it right in line with e-commerce giant ShopifySHOP. Despite its run, the stock is not currently considered overbought, with an RSI of 64.CRWD’s positive earnings revisions help it grab a Zacks Rank #2 (Buy) at the moment, with it set to release its fourth quarter fiscal 2021 results on March 16. Meanwhile, 14 of the 19 brokerage ratings Zacks has for CRWD come in at a “Strong Buy,” with none lower than a “Hold.”Looking back, the company crushed our Q3 estimates in December, with sales up 86%. CrowdStrike also lifted its guidance at the time. Zacks estimates currently call for it to swing from an adjusted loss of -$0.02 a share in the year-ago period to +$0.09 in the fourth quarter on 65% stronger sales.In total, the cybersecurity firm is projected to soar from a loss of -$0.42 a share to +$0.23 in fiscal 2021. Plus, CRWD’s FY22 EPS figure is projected to climb another 70% higher, all the way to $0.39 a share. Meanwhile, its revenue is projected to jump 79% to hit $861 million in FY21 and then climb another 42% to $1.22 billion in FY22.CrowdStrike’s expected growth would come on top of FY20’s 93% sales expansion. The stock has clearly already gone on an impressive run. But it is poised to continue to grow in a world where everything is connected and data is endless. Therefore, cybersecurity firms such as CrowdStrike might make for strong long-term growth plays.These Stocks Are Poised to Soar Past the PandemicThe COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387397899,"gmtCreate":1613719264311,"gmtModify":1704884035441,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387397899","repostId":"1137053250","repostType":4,"repost":{"id":"1137053250","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1613716832,"share":"https://ttm.financial/m/news/1137053250?lang=&edition=fundamental","pubTime":"2021-02-19 14:40","market":"fut","language":"en","title":"Goldman Sachs sees minimal oil price impact from Texas freeze","url":"https://stock-news.laohu8.com/highlight/detail?id=1137053250","media":"Reuters","summary":"Feb 19 (Reuters) - A deep freeze in Texas that has brought power outages and shut refineries and pip","content":"<p>Feb 19 (Reuters) - A deep freeze in Texas that has brought power outages and shut refineries and pipelines will have only a small and transitory impact on the global oil market, Goldman Sachs said in a note.</p><p>Oil prices slid by up to 2% on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise.</p><p>Texas’s energy outages extended into a sixth day on Thursday, with the impact of reduced supplies from the biggest energy-producing state in the United States spilling over to neighbouring Mexico.</p><p>The bank estimates an average decline of 700,000 barrels per day (bpd) in February production of U.S. Lower-48 onshore crude, seeing a quick output rebound on expectations of warmer weather this weekend.</p><p>“While the gross impacts on supply and demand are large, they are mostly offsetting, and even more importantly, transitory, resulting in minimal implications for global oil prices, leaving risks to a further reversal of this week’s rally,” it said in Thursday’s note.</p><p>Goldman estimates, on the demand side, industrial and shale downtime will reduce refinery gas by 50,000 bpd and diesel consumption by 150,000 bpd, while blocked roads and canceled flights will limit road gasoline demand by 250,000 bpd and jet fuel demand by 60,000 bpd.</p><p>Low temperatures and power outages should fuel heating demand for LPG by 80,000 bpd and for diesel powered generators by 200,000 bpd, however, it said.</p><p>Since oil refineries are potentially worse prepared for uniquely cold weather than seasonal storms, that could leave risks to the downside to even more prolonged refining downtime, it added. (Reporting by Sumita Layek in Bengaluru; Editing by Clarence Fernandez)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs sees minimal oil price impact from Texas freeze</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\">\nGoldman Sachs sees minimal oil price impact from Texas freeze\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-19 14:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Feb 19 (Reuters) - A deep freeze in Texas that has brought power outages and shut refineries and pipelines will have only a small and transitory impact on the global oil market, Goldman Sachs said in a note.</p><p>Oil prices slid by up to 2% on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise.</p><p>Texas’s energy outages extended into a sixth day on Thursday, with the impact of reduced supplies from the biggest energy-producing state in the United States spilling over to neighbouring Mexico.</p><p>The bank estimates an average decline of 700,000 barrels per day (bpd) in February production of U.S. Lower-48 onshore crude, seeing a quick output rebound on expectations of warmer weather this weekend.</p><p>“While the gross impacts on supply and demand are large, they are mostly offsetting, and even more importantly, transitory, resulting in minimal implications for global oil prices, leaving risks to a further reversal of this week’s rally,” it said in Thursday’s note.</p><p>Goldman estimates, on the demand side, industrial and shale downtime will reduce refinery gas by 50,000 bpd and diesel consumption by 150,000 bpd, while blocked roads and canceled flights will limit road gasoline demand by 250,000 bpd and jet fuel demand by 60,000 bpd.</p><p>Low temperatures and power outages should fuel heating demand for LPG by 80,000 bpd and for diesel powered generators by 200,000 bpd, however, it said.</p><p>Since oil refineries are potentially worse prepared for uniquely cold weather than seasonal storms, that could leave risks to the downside to even more prolonged refining downtime, it added. (Reporting by Sumita Layek in Bengaluru; Editing by Clarence Fernandez)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137053250","content_text":"Feb 19 (Reuters) - A deep freeze in Texas that has brought power outages and shut refineries and pipelines will have only a small and transitory impact on the global oil market, Goldman Sachs said in a note.Oil prices slid by up to 2% on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise.Texas’s energy outages extended into a sixth day on Thursday, with the impact of reduced supplies from the biggest energy-producing state in the United States spilling over to neighbouring Mexico.The bank estimates an average decline of 700,000 barrels per day (bpd) in February production of U.S. Lower-48 onshore crude, seeing a quick output rebound on expectations of warmer weather this weekend.“While the gross impacts on supply and demand are large, they are mostly offsetting, and even more importantly, transitory, resulting in minimal implications for global oil prices, leaving risks to a further reversal of this week’s rally,” it said in Thursday’s note.Goldman estimates, on the demand side, industrial and shale downtime will reduce refinery gas by 50,000 bpd and diesel consumption by 150,000 bpd, while blocked roads and canceled flights will limit road gasoline demand by 250,000 bpd and jet fuel demand by 60,000 bpd.Low temperatures and power outages should fuel heating demand for LPG by 80,000 bpd and for diesel powered generators by 200,000 bpd, however, it said.Since oil refineries are potentially worse prepared for uniquely cold weather than seasonal storms, that could leave risks to the downside to even more prolonged refining downtime, it added. (Reporting by Sumita Layek in Bengaluru; Editing by Clarence Fernandez)","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384346130,"gmtCreate":1613619379220,"gmtModify":1704882791352,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/384346130","repostId":"1110571780","repostType":4,"repost":{"id":"1110571780","pubTimestamp":1613617537,"share":"https://ttm.financial/m/news/1110571780?lang=&edition=fundamental","pubTime":"2021-02-18 11:05","market":"us","language":"en","title":"Short Sellers, SPACs and the Future of Flying Cars","url":"https://stock-news.laohu8.com/highlight/detail?id=1110571780","media":"Bloomberg","summary":"The mania for blank-check companies has spread to the nascent air taxi industry, but investors need ","content":"<blockquote>\n <b>The mania for blank-check companies has spread to the nascent air taxi industry, but investors need to be careful.</b>\n</blockquote>\n<p>When EHang Holdings Ltd. first sold shares to the U.S. public in December 2019, investors weren’t exactly sold on the rare chance to bet on the future of flying cars. The Chinese company makes “electric vertical take-off and landing” (eVTOL) aircraft, which function a bit like a helicopter but are&nbsp;powered by batteries and have multiple rotors. Its passenger drones are pilotless, too, unlike those of most of its rivals.</p>\n<p>EHang’s listing —&nbsp;a traditional initial public offering underwritten by Morgan Stanley and Credit Suisse&nbsp;—&nbsp;raised just $41 million and&nbsp;valued&nbsp;the company at less than $700 million. Since then it has been caught up in a surge of excitement about the development of air taxis, and at the start of this week&nbsp;it was worth $6.8 billion.</p>\n<p>On Tuesday its share price suffered a serious malfunction.&nbsp;More than 60% of its value went up in smoke after a short seller, Wolfpack Research,&nbsp;published a report&nbsp;questioning EHang’s sales relationships, technology and regulatory approvals.&nbsp;EHang&nbsp;said the report contains “numerous errors, unsubstantiated statements, and misinterpretation of information.”</p>\n<p>Regardless of the rights and wrongs of this particular episode, it shows the risks of investing in futuristic technology companies. A huge amount money is also being pumped into the nascent air-taxi&nbsp;industry by special purpose acquisition companies, or SPACs, a method of taking businesses public that’s all the rage in the U.S.</p>\n<p>There is, at least, something behind the investor excitement. Long considered a dream best left to “Blade Runner,” air taxis could soon become reality thanks to advances in batteries, software and lightweight materials.&nbsp;It helps thatstar fund manager Cathie Wood&nbsp;may include “drones, air taxis and electric aviation vehicles” in her new space-themed exchange-traded fund. But shareholders need to do their due diligence as well.</p>\n<p><b>Flying Cars Hit Turbulence</b></p>\n<p>EHang's shares tumbled following a short-seller report</p>\n<p><img src=\"https://static.tigerbbs.com/962956f8d2413d00cc42ce78317cfb8f\" tg-width=\"505\" tg-height=\"236\">Wood will soon have several other publicly traded air-taxi companies to pick from, thanks to a recent rush of&nbsp;SPAC deals. (SPACs are listed vehicles that merge&nbsp;with a promising business&nbsp;and thereby take&nbsp;it public —&nbsp;avoiding the laborious route of an old-fashioned IPO.)</p>\n<p>From a SPAC financial sponsor’s&nbsp;perspective, flying cars are a potential marriage made in heaven. Thanks to a regulatory loophole, SPAC targets are allowed to publish veryoptimistic financial forecasts, which helps them secure eye-watering stock-market valuations. Suddenly, air-taxi manufacturers have found themselves able&nbsp;to raise massive amounts of capital. A typical development program for these vehicles&nbsp;costs up to $1 billion.</p>\n<p>The EHang saga may be a one-off, but values are inflated&nbsp;across the sector. I doubt whether the match will always be a happy one for amateur investors who buy into these air-taxi visions.</p>\n<p>Joby Aviation, Archer Aviation and Blade Urban Air Mobility have all announced SPAC mergers in recent weeks, orreportedly will do so soon. Germany’s Volocopter and Lilium have also been linked toSPAC deals. Meanwhile,&nbsp;former Boeing Chief Executive Officer Dennis Muilenburg’s SPAC may pursue something in “advanced air mobility.”</p>\n<p>Letting SPAC targets publishmulti-year financial projections&nbsp;—&nbsp;no matter how wild — gives them a huge advantage because most are still in the development and testing stage. Traditional IPOs don’t allow this forecasting. In air taxis, getting the required regulatory permits could take years, which makes future profit estimates partly guesswork.&nbsp;Volocopter’s development is relatively well-advanced but it doesn’t expect to start commercial services in Singaporeuntil the end of 2023.</p>\n<p>SPAC-acquired Archer confidently projects it will havemore than $12 billion of revenue&nbsp;by 2030 and almost $3 billion of yearly free cash flow, even though it hasn’t yet manufactured or delivered any aircraft to customers. Some skepticism is warranted.</p>\n<p><b>Taking Flight, or Flight of Fancy?</b></p>\n<p>A Spac deal allows Archer to publish revenue forecasts. They're ambitious</p>\n<p><img src=\"https://static.tigerbbs.com/e1c9c62f1ff64b8fbd3dd840dabde595\" tg-width=\"507\" tg-height=\"236\">Regardless, Archer’s merger with investment banker Ken Moelis’s Atlas Crest Investment Corp. valued it at $3.8 billion if you include the $1 billion of cash raised. Based on where the SPAC shares are trading now, Archer’s equity value has increased to $5.3&nbsp;billion, while Blade is worth $1.5 billion.1&nbsp;Joby, which is quite advanced&nbsp;in the crucial certification process, expects to be valued at almost $6 billion, according to the Financial Times. For context, Italy’s Leonardo SpA, one of the biggest helicopter manufacturers,&nbsp;is valued at 3.6 billion euros ($4.4 billion).</p>\n<p>In fairness, electric air taxis may prove to be cleaner, cheaper and quieter than helicopters, which means the market could be larger. Having multiple rotors may alleviate safety concerns.</p>\n<p>It’s not just idealistic start-ups who are excited by the technology. Aerospace giantsAirbus SEandBoeing Co., carmakers&nbsp;Hyundai Motor Co.,General Motors Co.&nbsp;andStellantis NV, and tech companies&nbsp;Tencent Holdings Ltd.&nbsp;andIntel Corp.&nbsp;are all investing in a Jetsons-style future, too. Former Airbus CEO Tom Enders has joined Lilium’s board. Spanish infrastructure company Ferrovial SA is planning anetwork of “vertiports”in Florida.</p>\n<p>With dozens of air taxis under&nbsp;development, the companies that raise most money will have the best chance of survival. However, cash doesn’t guarantee success.&nbsp;The battery fire that engulfed a Lilium&nbsp;prototype last year shows what can go wrong. The complexity of what these companies are attempting, combined with a long regulatory approval process, means most will gobble up&nbsp;piles of cash. Public-company investors are accustomed to financial improvements each quarter and aren’t known for patience.</p>\n<p><b>Flying Car Investments</b></p>\n<p>Venture capital investments in air taxi start-ups surged in 2020. Joby and Lilium were by far the biggest beneficiaries.</p>\n<li><img src=\"https://static.tigerbbs.com/d08ce33fe7cebabcd195aa168291298c\" tg-width=\"517\" tg-height=\"234\">“This is one of those ‘hard world’&nbsp;problems —&nbsp;high capital costs, advanced hardware technologies, long timeline, and an overall very challenging business with low chances of success,” Archer’s co-founders have written,&nbsp;withrefreshing honesty. Nonetheless, they are still getting the chance to try.</li>\n<p>In a manifesto lamenting venture capital’s failure to support bold technologies, Peter Thiel once opined that, “We wanted flying cars, instead we got 140 characters” (then the maximum length of a tweet). For better or worse, SPACs may have changed the equation.</p>\n<li></li>","source":"lsy1584095487587","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>Short Sellers, SPACs and the Future of Flying Cars</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\">\nShort Sellers, SPACs and the Future of Flying Cars\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 11:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-02-17/spac-mania-flying-cars-are-an-extremely-expensive-ride-for-investors?srnd=opinion><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The mania for blank-check companies has spread to the nascent air taxi industry, but investors need to be careful.\n\nWhen EHang Holdings Ltd. first sold shares to the U.S. public in December 2019, ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-02-17/spac-mania-flying-cars-are-an-extremely-expensive-ride-for-investors?srnd=opinion\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EH":"亿航智能"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-02-17/spac-mania-flying-cars-are-an-extremely-expensive-ride-for-investors?srnd=opinion","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110571780","content_text":"The mania for blank-check companies has spread to the nascent air taxi industry, but investors need to be careful.\n\nWhen EHang Holdings Ltd. first sold shares to the U.S. public in December 2019, investors weren’t exactly sold on the rare chance to bet on the future of flying cars. The Chinese company makes “electric vertical take-off and landing” (eVTOL) aircraft, which function a bit like a helicopter but are powered by batteries and have multiple rotors. Its passenger drones are pilotless, too, unlike those of most of its rivals.\nEHang’s listing — a traditional initial public offering underwritten by Morgan Stanley and Credit Suisse — raised just $41 million and valued the company at less than $700 million. Since then it has been caught up in a surge of excitement about the development of air taxis, and at the start of this week it was worth $6.8 billion.\nOn Tuesday its share price suffered a serious malfunction. More than 60% of its value went up in smoke after a short seller, Wolfpack Research, published a report questioning EHang’s sales relationships, technology and regulatory approvals. EHang said the report contains “numerous errors, unsubstantiated statements, and misinterpretation of information.”\nRegardless of the rights and wrongs of this particular episode, it shows the risks of investing in futuristic technology companies. A huge amount money is also being pumped into the nascent air-taxi industry by special purpose acquisition companies, or SPACs, a method of taking businesses public that’s all the rage in the U.S.\nThere is, at least, something behind the investor excitement. Long considered a dream best left to “Blade Runner,” air taxis could soon become reality thanks to advances in batteries, software and lightweight materials. It helps thatstar fund manager Cathie Wood may include “drones, air taxis and electric aviation vehicles” in her new space-themed exchange-traded fund. But shareholders need to do their due diligence as well.\nFlying Cars Hit Turbulence\nEHang's shares tumbled following a short-seller report\nWood will soon have several other publicly traded air-taxi companies to pick from, thanks to a recent rush of SPAC deals. (SPACs are listed vehicles that merge with a promising business and thereby take it public — avoiding the laborious route of an old-fashioned IPO.)\nFrom a SPAC financial sponsor’s perspective, flying cars are a potential marriage made in heaven. Thanks to a regulatory loophole, SPAC targets are allowed to publish veryoptimistic financial forecasts, which helps them secure eye-watering stock-market valuations. Suddenly, air-taxi manufacturers have found themselves able to raise massive amounts of capital. A typical development program for these vehicles costs up to $1 billion.\nThe EHang saga may be a one-off, but values are inflated across the sector. I doubt whether the match will always be a happy one for amateur investors who buy into these air-taxi visions.\nJoby Aviation, Archer Aviation and Blade Urban Air Mobility have all announced SPAC mergers in recent weeks, orreportedly will do so soon. Germany’s Volocopter and Lilium have also been linked toSPAC deals. Meanwhile, former Boeing Chief Executive Officer Dennis Muilenburg’s SPAC may pursue something in “advanced air mobility.”\nLetting SPAC targets publishmulti-year financial projections — no matter how wild — gives them a huge advantage because most are still in the development and testing stage. Traditional IPOs don’t allow this forecasting. In air taxis, getting the required regulatory permits could take years, which makes future profit estimates partly guesswork. Volocopter’s development is relatively well-advanced but it doesn’t expect to start commercial services in Singaporeuntil the end of 2023.\nSPAC-acquired Archer confidently projects it will havemore than $12 billion of revenue by 2030 and almost $3 billion of yearly free cash flow, even though it hasn’t yet manufactured or delivered any aircraft to customers. Some skepticism is warranted.\nTaking Flight, or Flight of Fancy?\nA Spac deal allows Archer to publish revenue forecasts. They're ambitious\nRegardless, Archer’s merger with investment banker Ken Moelis’s Atlas Crest Investment Corp. valued it at $3.8 billion if you include the $1 billion of cash raised. Based on where the SPAC shares are trading now, Archer’s equity value has increased to $5.3 billion, while Blade is worth $1.5 billion.1 Joby, which is quite advanced in the crucial certification process, expects to be valued at almost $6 billion, according to the Financial Times. For context, Italy’s Leonardo SpA, one of the biggest helicopter manufacturers, is valued at 3.6 billion euros ($4.4 billion).\nIn fairness, electric air taxis may prove to be cleaner, cheaper and quieter than helicopters, which means the market could be larger. Having multiple rotors may alleviate safety concerns.\nIt’s not just idealistic start-ups who are excited by the technology. Aerospace giantsAirbus SEandBoeing Co., carmakers Hyundai Motor Co.,General Motors Co. andStellantis NV, and tech companies Tencent Holdings Ltd. andIntel Corp. are all investing in a Jetsons-style future, too. Former Airbus CEO Tom Enders has joined Lilium’s board. Spanish infrastructure company Ferrovial SA is planning anetwork of “vertiports”in Florida.\nWith dozens of air taxis under development, the companies that raise most money will have the best chance of survival. However, cash doesn’t guarantee success. The battery fire that engulfed a Lilium prototype last year shows what can go wrong. The complexity of what these companies are attempting, combined with a long regulatory approval process, means most will gobble up piles of cash. Public-company investors are accustomed to financial improvements each quarter and aren’t known for patience.\nFlying Car Investments\nVenture capital investments in air taxi start-ups surged in 2020. Joby and Lilium were by far the biggest beneficiaries.\n“This is one of those ‘hard world’ problems — high capital costs, advanced hardware technologies, long timeline, and an overall very challenging business with low chances of success,” Archer’s co-founders have written, withrefreshing honesty. Nonetheless, they are still getting the chance to try.\nIn a manifesto lamenting venture capital’s failure to support bold technologies, Peter Thiel once opined that, “We wanted flying cars, instead we got 140 characters” (then the maximum length of a tweet). For better or worse, SPACs may have changed the equation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384348668,"gmtCreate":1613619321354,"gmtModify":1704882790383,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"??????????","listText":"??????????","text":"??????????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/384348668","repostId":"1188127819","repostType":4,"repost":{"id":"1188127819","pubTimestamp":1613618258,"share":"https://ttm.financial/m/news/1188127819?lang=&edition=fundamental","pubTime":"2021-02-18 11:17","market":"us","language":"en","title":"Bitcoin’s $50,000 FOMO Is Overpowering Bankers","url":"https://stock-news.laohu8.com/highlight/detail?id=1188127819","media":"Bloomberg","summary":"The Fear Of Missing Out is rippling through business and finance. But not everyone can be Elon Musk.","content":"<blockquote>\n <b>The Fear Of Missing Out&nbsp;is rippling through&nbsp;business and finance.&nbsp;But not everyone can be Elon Musk.</b>\n</blockquote>\n<p>JPMorgan Chase &amp; Co. traders are said to be “salivating” over Bitcoin. It’s easy to see why. The cryptocurrency’s price hasshot past $50,000, double where it was on Christmas Day, creating a powerful centrifugal force of excitement — and real money judging by crypto exchange Coinbase Inc.’sreportedprofit margins of 20%.</p>\n<p>Never mind that Bitcoin’s persistent&nbsp;flaws, from relatively slow transaction speeds to&nbsp;wild price swings, make it a poor store of value or medium of exchange.&nbsp;The&nbsp;promise of life-changing wealth during lockdown is&nbsp;a strong draw for eager punters. Beyond the memes, wealthy financiers and billionaires are&nbsp;loudly loading up on digital gold, drowning out any skeptical voices.&nbsp;Elon Musk’s Tesla Inc. hasplowed$1.5 billion into Bitcoin, and wealthy hedge-funders like Paul Tudor Jones and Stanley Druckenmiller are on board.</p>\n<p>It’s hard to heed “boomer” warningscomparing the craze to 17th-century Dutch tulip maniawhen the likes of ARK Investment Management’s Cathie Wood areegging firms on to buy.</p>\n<p>No wonder the world of “legacy” corporate finance is salivating. The mood echoes how Citigroup Inc.’s former boss Chuck Prince&nbsp;depicted&nbsp;the peak of the subprime bubble: “As long as the music is playing, you’ve got to get up and dance.” Nowadays it seems everyone is adding crypto to their dance card.</p>\n<p>MasterCard Inc.and Bank of New York Mellon Corp. have announced crypto plans, while JPMorgan Co-President Daniel Pinto says his bank will“get involved” eventually.&nbsp;Some investors say they’ve bought crypto while hating every minute of it — the very definition of the Fear of Missing Out.</p>\n<p><b>The Bitcoin Aristocracy</b></p>\n<p>There are over 8,000 addresses holding balances worth over $10 million</p>\n<p><img src=\"https://static.tigerbbs.com/8cf7f475e7f3f8487eb55c370a8c6481\" tg-width=\"826\" tg-height=\"512\"></p>\n<p>Hard as it is to resist crypto FOMO, it’s still worth thinking about rules of engagement and taking a careful approach. One principle might be to remind companies of their fiduciary duty to shareholders. Simply sticking Bitcoin on the balance sheet like Teslais&nbsp;apoorhedge, as its price tumbles in times of market stress have shown. It’s not a common medium of exchange either, with merchants amounting to an estimated 1% of crypto transactions between mid-2019 and mid-2020.</p>\n<p>Most companies with a dollar cost base selling goods other than luxury cars have no real need to hold a pile of cryptocurrencies. Copying Musk is for the brave — it only works if the price keeps going up. Corporations should stick to their financial lane, not swerve onto Tesla’s. Most investors prefer for excess cash to be reinvested in operations, returned or managed appropriately.</p>\n<p>For bankers, acting as a broker for crypto clients could certainly fit into their job description. However, some caution is warranted here, too. Jean Dermine, a professor of banking at Insead,&nbsp;reckons Bitcoin touches on several areas of risk: operational risk, such as client identification and the potential for fraud; legal, especially with a decentralized global asset; and regulatory risk, given a history of lawsuits andgovernment crackdownsin the sector. And then there’s the need to protect consumers too.</p>\n<p>So while trading Bitcoin might make business sense, the risks should make it expensive to do so, with high levels of loss-absorbing capital set aside to back it.&nbsp;Switzerland, for example, has reportedly guided toward&nbsp;aflat bank risk weightof 800% for Bitcoin. That helps explain why banks have so far kept one step removed from the asset, whether via futures or taking on crypto exchanges as clients.</p>\n<p>While treading cautiously on Bitcoin, banks would do well to take a more strategic approach tothe whole crypto landscape. The future of money hasn’t been decided yet, and “legacy” finance may be better equipped to co-opt or compete against such assets than people think. Banks have been toiling away at proprietary blockchain projects, such as JPMorgan’s JPM Coin, which could save money on payments. They are natural partners for central banks’ planned digital currencies, like the digital euro.</p>\n<p>Finally, a principle for regulators. They should take a balanced approach to financial innovation without letting systemic risks get out of hand. Crypto exchanges are better regulated than they used to be, and consumer warnings are issued frequently. But if Bitcoin became deeply embedded in the global financial system, the question would inevitably arise over what to do if an asset with no government backer crashed.</p>\n<p>When the music stopped for Citi and others in the 2007-2008&nbsp;financial crisis, central banks joined hands to throw the financial system multiple lifelines — helping&nbsp;spur the creation of Bitcoin itself. It would be&nbsp;a very odd look for the Bitcoin aristocracy to be bailed out by its arch-nemesis, central bank fiat money.</p>\n<p>Bitcoin is playing an irresistible tune, but for many in the corporate-finance world, the best dance right now should be baby steps.</p>\n<p>This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.</p>\n<p>Lionel Laurent is a Bloomberg Opinion columnist covering the European Union and France. He worked previously at Reuters and Forbes.</p>","source":"lsy1584095487587","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>Bitcoin’s $50,000 FOMO Is Overpowering Bankers</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\">\nBitcoin’s $50,000 FOMO Is Overpowering Bankers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloombergquint.com/gadfly/can-bitcoin-and-banks-mix-responsibly-the-dangers-of-taking-elon-musk-s-cue><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Fear Of Missing Out is rippling through business and finance. But not everyone can be Elon Musk.\n\nJPMorgan Chase & Co. traders are said to be “salivating” over Bitcoin. It’s easy to see why. The ...</p>\n\n<a href=\"https://www.bloombergquint.com/gadfly/can-bitcoin-and-banks-mix-responsibly-the-dangers-of-taking-elon-musk-s-cue\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloombergquint.com/gadfly/can-bitcoin-and-banks-mix-responsibly-the-dangers-of-taking-elon-musk-s-cue","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188127819","content_text":"The Fear Of Missing Out is rippling through business and finance. But not everyone can be Elon Musk.\n\nJPMorgan Chase & Co. traders are said to be “salivating” over Bitcoin. It’s easy to see why. The cryptocurrency’s price hasshot past $50,000, double where it was on Christmas Day, creating a powerful centrifugal force of excitement — and real money judging by crypto exchange Coinbase Inc.’sreportedprofit margins of 20%.\nNever mind that Bitcoin’s persistent flaws, from relatively slow transaction speeds to wild price swings, make it a poor store of value or medium of exchange. The promise of life-changing wealth during lockdown is a strong draw for eager punters. Beyond the memes, wealthy financiers and billionaires are loudly loading up on digital gold, drowning out any skeptical voices. Elon Musk’s Tesla Inc. hasplowed$1.5 billion into Bitcoin, and wealthy hedge-funders like Paul Tudor Jones and Stanley Druckenmiller are on board.\nIt’s hard to heed “boomer” warningscomparing the craze to 17th-century Dutch tulip maniawhen the likes of ARK Investment Management’s Cathie Wood areegging firms on to buy.\nNo wonder the world of “legacy” corporate finance is salivating. The mood echoes how Citigroup Inc.’s former boss Chuck Prince depicted the peak of the subprime bubble: “As long as the music is playing, you’ve got to get up and dance.” Nowadays it seems everyone is adding crypto to their dance card.\nMasterCard Inc.and Bank of New York Mellon Corp. have announced crypto plans, while JPMorgan Co-President Daniel Pinto says his bank will“get involved” eventually. Some investors say they’ve bought crypto while hating every minute of it — the very definition of the Fear of Missing Out.\nThe Bitcoin Aristocracy\nThere are over 8,000 addresses holding balances worth over $10 million\n\nHard as it is to resist crypto FOMO, it’s still worth thinking about rules of engagement and taking a careful approach. One principle might be to remind companies of their fiduciary duty to shareholders. Simply sticking Bitcoin on the balance sheet like Teslais apoorhedge, as its price tumbles in times of market stress have shown. It’s not a common medium of exchange either, with merchants amounting to an estimated 1% of crypto transactions between mid-2019 and mid-2020.\nMost companies with a dollar cost base selling goods other than luxury cars have no real need to hold a pile of cryptocurrencies. Copying Musk is for the brave — it only works if the price keeps going up. Corporations should stick to their financial lane, not swerve onto Tesla’s. Most investors prefer for excess cash to be reinvested in operations, returned or managed appropriately.\nFor bankers, acting as a broker for crypto clients could certainly fit into their job description. However, some caution is warranted here, too. Jean Dermine, a professor of banking at Insead, reckons Bitcoin touches on several areas of risk: operational risk, such as client identification and the potential for fraud; legal, especially with a decentralized global asset; and regulatory risk, given a history of lawsuits andgovernment crackdownsin the sector. And then there’s the need to protect consumers too.\nSo while trading Bitcoin might make business sense, the risks should make it expensive to do so, with high levels of loss-absorbing capital set aside to back it. Switzerland, for example, has reportedly guided toward aflat bank risk weightof 800% for Bitcoin. That helps explain why banks have so far kept one step removed from the asset, whether via futures or taking on crypto exchanges as clients.\nWhile treading cautiously on Bitcoin, banks would do well to take a more strategic approach tothe whole crypto landscape. The future of money hasn’t been decided yet, and “legacy” finance may be better equipped to co-opt or compete against such assets than people think. Banks have been toiling away at proprietary blockchain projects, such as JPMorgan’s JPM Coin, which could save money on payments. They are natural partners for central banks’ planned digital currencies, like the digital euro.\nFinally, a principle for regulators. They should take a balanced approach to financial innovation without letting systemic risks get out of hand. Crypto exchanges are better regulated than they used to be, and consumer warnings are issued frequently. But if Bitcoin became deeply embedded in the global financial system, the question would inevitably arise over what to do if an asset with no government backer crashed.\nWhen the music stopped for Citi and others in the 2007-2008 financial crisis, central banks joined hands to throw the financial system multiple lifelines — helping spur the creation of Bitcoin itself. It would be a very odd look for the Bitcoin aristocracy to be bailed out by its arch-nemesis, central bank fiat money.\nBitcoin is playing an irresistible tune, but for many in the corporate-finance world, the best dance right now should be baby steps.\nThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.\nLionel Laurent is a Bloomberg Opinion columnist covering the European Union and France. He worked previously at Reuters and Forbes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":365088225,"gmtCreate":1614679255767,"gmtModify":1704773911536,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/365088225","repostId":"1140355598","repostType":4,"repost":{"id":"1140355598","pubTimestamp":1614677842,"share":"https://ttm.financial/m/news/1140355598?lang=&edition=fundamental","pubTime":"2021-03-02 17:37","market":"us","language":"en","title":"Greensill Loses Confidence of Backers SoftBank, Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1140355598","media":"Bloomberg","summary":"(Bloomberg) --Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a g","content":"<p>(Bloomberg) --Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a global lending force is rapidly falling apart.</p>\n<p>From Credit Suisse Group AG to SoftBank Group Corp., Greensill’s most ardent supporters have signaled doubts about the loans made by his supply-chain finance business, upending his multi-billion dollar empire. Greensill Capital, which as recently as last year was seeking a valuation of $7 billion and planning to eventually go public, is now discussing options including insolvency, according to people familiar with the matter.</p>\n<p>Greensill Capital on Tuesday made use of so-called “safe harbor protection” that’s allowed under Australian insolvency laws, according to another person familiar with the matter. The move effectively buys directors more time to work out alternative financing as it protects them from personal liability for insolvent trading.</p>\n<p>At the heart of the swift unraveling at Greensill’s firm -- specializing in a loosely regulated type of short-term corporate lending -- is a fundamental question that many investors are now asking: How creditworthy are his borrowers?</p>\n<p>For Credit Suisse, the answer isn’t straightforward. The firm has frozen a $10 billion family of funds that invest in Greensill-sourced loans, citing “uncertainty” about the valuations of some of the debt. At SoftBank, Greensill’s biggest backer, the realization has been more stark. Softbank’s Vision Fund substantially wrote down its $1.5 billion stake in Greensill at the end of 2020, and is considering dropping the valuation close to zero, people familiar with the matter said.</p>\n<p>It’s the culmination of almost three tumultuous years at the firm founded by the 44-year-old financier. Greensill-linked financings played a role in the demise of a former star bond manager at GAM Holding AG in 2018. Last year, Germany’s banking regulator BaFin pushed the businessman’s lending unit, Greensill Bank, to reduce risks on its balance sheet by cutting loans tied to a single U.K. entrepreneur, Sanjeev Gupta.</p>\n<p>For money managers piling into niche markets in search of higher yield, the episode is yet another reminder of the risks inherent in hard-to-value assets. The demise of Neil Woodford’s investment firm and a crisis at H20 Asset Management were triggered by their holdings of unlisted companies and unrated bonds. While Credit Suisse’s funds aren’t targeted at mom-and-pop investors, many larger clients are becoming increasingly nervous about holding assets whose value is tough to determine.</p>\n<p>Greensill rose from working on his family’s melon and sugar cane farm in Australia. His interest in the supply-chain business was fueled early on in his life, when as a teenager, a bad harvest season meant his parents weren’t paid for the crops that they grew. Greensill later built a business at Morgan Stanley in London financing corporate supply chains, and then worked at Citigroup Inc. before starting his own company in 2011.</p>\n<p>Greensill always knew that the plan to disrupt a niche area of finance would come with its share of skeptics. In an interview with Bloomberg News in December, he acknowledged that his firm is “doing things a little different to what’s been done before, and that’s always going to kind of garner attention and commentary.”</p>\n<p>In October, Greensill’s firm had been considering a capital raising that would have valued it at $7 billion. At the time, when its banking arm was facing regulatory scrutiny and clients had hit financial difficulties, the firm said that the fund-raising would help boost growth. More recently, the firm was in talks with Apollo Global Management Inc. on a multi-billion dollar financing deal that would give the supply chain more headroom, Sky News reported last month.</p>\n<p>In addition to discussing the possibility of insolvency, Greensill is now in talks on a sale of its operating business to Apollo, people familiar with the matter said.</p>\n<p>Credit Suisse’s decision to suspend its funds came after credit insurance recently lapsed on some of the loans Greensill made, according to people briefed on the matter. That left some debt no longer valued on the strength of the insurer but rather on the underlying borrower, the people said. The freeze has left Greensill’s firm without a key buyer of the debt it arranges for companies.</p>\n<p>It also adds to a series of hits to the Zurich-based bank, which is still recovering from a damaging spying scandal a year ago. Since then, new Chief Executive Officer Thomas Gottstein has had to contend with legal charges related to mortgage-backed securities in the U.S. and a writedown on a hedge fund investment. The bank was also left staring at steep losses, along with other lenders, when the stock of Luckin coffee imploded in an accounting fraud.</p>\n<p>In addition to being an early Greensill backer, SoftBank was also an investor in the Credit Suisse supply-chain funds. The conglomerate pulled $700 million out of the Credit Suisse funds last year amid conflict-of-interest accusations that sparked an internal review at the Swiss bank. The investment into Greensill by SoftBank’s Vision Fund was led by former managing partner Colin Fan, who recently left his role at the behemoth investment fund. Many of the companies that were financed by the investment vehicles were also Vision Fund portfolio companies, including Indian hotel chain Oyo and Fair Financial Corp.</p>\n<p>After its review last year, Credit Suisse overhauled the funds’ investment guidelines to limit how much exposure they can have to a single borrower, but kept some loans to companies backed by SoftBank, according to latest available fund documents from Credit Suisse. The bank had been looking at ways to reduce its ties to Greensill, people familiar with the matter said earlier Monday.</p>\n<p>Credit Suisse is considering winding down the investments packaged by Greensill, replacing the firm as the main source for the assets, or moving loans to firms linked to Gupta out of its supply-chain finance funds, the people said, asking for anonymity because a decision hasn’t been made yet. It’s unclear how much of the Credit Suisse supply-chain finance funds are currently tied up with Gupta.</p>\n<p><b>Crucial Buyers</b></p>\n<p>“Greensill acknowledges the decision by Credit Suisse to temporarily gate the two Supply Chain Finance Funds dealing in Greensill-sourced assets,” a spokesperson for the firm said by email. “We remain in advanced talks with potential outside investors in our company and hope to be able to update further on that process imminently.” The spokesman declined to comment on any discussions on the sale or insolvency of the operating company.</p>\n<p>Securities linked to Gupta and arranged by Greensill were among investments at the center of a 2018 crisis at GAM that brought down star trader Tim Haywood. While assets managed in GAM’s supply-chain finance funds were relatively short-term, other funds that held some longer-term loans to Gupta took almost a year to liquidate those.</p>","source":"lsy1584095487587","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>Greensill Loses Confidence of Backers SoftBank, Credit Suisse</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\">\nGreensill Loses Confidence of Backers SoftBank, Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-02 17:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/greensill-risks-prove-too-great-194048564.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a global lending force is rapidly falling apart.\nFrom Credit Suisse Group AG to SoftBank Group Corp., ...</p>\n\n<a href=\"https://finance.yahoo.com/news/greensill-risks-prove-too-great-194048564.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/greensill-risks-prove-too-great-194048564.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140355598","content_text":"(Bloomberg) --Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a global lending force is rapidly falling apart.\nFrom Credit Suisse Group AG to SoftBank Group Corp., Greensill’s most ardent supporters have signaled doubts about the loans made by his supply-chain finance business, upending his multi-billion dollar empire. Greensill Capital, which as recently as last year was seeking a valuation of $7 billion and planning to eventually go public, is now discussing options including insolvency, according to people familiar with the matter.\nGreensill Capital on Tuesday made use of so-called “safe harbor protection” that’s allowed under Australian insolvency laws, according to another person familiar with the matter. The move effectively buys directors more time to work out alternative financing as it protects them from personal liability for insolvent trading.\nAt the heart of the swift unraveling at Greensill’s firm -- specializing in a loosely regulated type of short-term corporate lending -- is a fundamental question that many investors are now asking: How creditworthy are his borrowers?\nFor Credit Suisse, the answer isn’t straightforward. The firm has frozen a $10 billion family of funds that invest in Greensill-sourced loans, citing “uncertainty” about the valuations of some of the debt. At SoftBank, Greensill’s biggest backer, the realization has been more stark. Softbank’s Vision Fund substantially wrote down its $1.5 billion stake in Greensill at the end of 2020, and is considering dropping the valuation close to zero, people familiar with the matter said.\nIt’s the culmination of almost three tumultuous years at the firm founded by the 44-year-old financier. Greensill-linked financings played a role in the demise of a former star bond manager at GAM Holding AG in 2018. Last year, Germany’s banking regulator BaFin pushed the businessman’s lending unit, Greensill Bank, to reduce risks on its balance sheet by cutting loans tied to a single U.K. entrepreneur, Sanjeev Gupta.\nFor money managers piling into niche markets in search of higher yield, the episode is yet another reminder of the risks inherent in hard-to-value assets. The demise of Neil Woodford’s investment firm and a crisis at H20 Asset Management were triggered by their holdings of unlisted companies and unrated bonds. While Credit Suisse’s funds aren’t targeted at mom-and-pop investors, many larger clients are becoming increasingly nervous about holding assets whose value is tough to determine.\nGreensill rose from working on his family’s melon and sugar cane farm in Australia. His interest in the supply-chain business was fueled early on in his life, when as a teenager, a bad harvest season meant his parents weren’t paid for the crops that they grew. Greensill later built a business at Morgan Stanley in London financing corporate supply chains, and then worked at Citigroup Inc. before starting his own company in 2011.\nGreensill always knew that the plan to disrupt a niche area of finance would come with its share of skeptics. In an interview with Bloomberg News in December, he acknowledged that his firm is “doing things a little different to what’s been done before, and that’s always going to kind of garner attention and commentary.”\nIn October, Greensill’s firm had been considering a capital raising that would have valued it at $7 billion. At the time, when its banking arm was facing regulatory scrutiny and clients had hit financial difficulties, the firm said that the fund-raising would help boost growth. More recently, the firm was in talks with Apollo Global Management Inc. on a multi-billion dollar financing deal that would give the supply chain more headroom, Sky News reported last month.\nIn addition to discussing the possibility of insolvency, Greensill is now in talks on a sale of its operating business to Apollo, people familiar with the matter said.\nCredit Suisse’s decision to suspend its funds came after credit insurance recently lapsed on some of the loans Greensill made, according to people briefed on the matter. That left some debt no longer valued on the strength of the insurer but rather on the underlying borrower, the people said. The freeze has left Greensill’s firm without a key buyer of the debt it arranges for companies.\nIt also adds to a series of hits to the Zurich-based bank, which is still recovering from a damaging spying scandal a year ago. Since then, new Chief Executive Officer Thomas Gottstein has had to contend with legal charges related to mortgage-backed securities in the U.S. and a writedown on a hedge fund investment. The bank was also left staring at steep losses, along with other lenders, when the stock of Luckin coffee imploded in an accounting fraud.\nIn addition to being an early Greensill backer, SoftBank was also an investor in the Credit Suisse supply-chain funds. The conglomerate pulled $700 million out of the Credit Suisse funds last year amid conflict-of-interest accusations that sparked an internal review at the Swiss bank. The investment into Greensill by SoftBank’s Vision Fund was led by former managing partner Colin Fan, who recently left his role at the behemoth investment fund. Many of the companies that were financed by the investment vehicles were also Vision Fund portfolio companies, including Indian hotel chain Oyo and Fair Financial Corp.\nAfter its review last year, Credit Suisse overhauled the funds’ investment guidelines to limit how much exposure they can have to a single borrower, but kept some loans to companies backed by SoftBank, according to latest available fund documents from Credit Suisse. The bank had been looking at ways to reduce its ties to Greensill, people familiar with the matter said earlier Monday.\nCredit Suisse is considering winding down the investments packaged by Greensill, replacing the firm as the main source for the assets, or moving loans to firms linked to Gupta out of its supply-chain finance funds, the people said, asking for anonymity because a decision hasn’t been made yet. It’s unclear how much of the Credit Suisse supply-chain finance funds are currently tied up with Gupta.\nCrucial Buyers\n“Greensill acknowledges the decision by Credit Suisse to temporarily gate the two Supply Chain Finance Funds dealing in Greensill-sourced assets,” a spokesperson for the firm said by email. “We remain in advanced talks with potential outside investors in our company and hope to be able to update further on that process imminently.” The spokesman declined to comment on any discussions on the sale or insolvency of the operating company.\nSecurities linked to Gupta and arranged by Greensill were among investments at the center of a 2018 crisis at GAM that brought down star trader Tim Haywood. While assets managed in GAM’s supply-chain finance funds were relatively short-term, other funds that held some longer-term loans to Gupta took almost a year to liquidate those.","news_type":1},"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382131577,"gmtCreate":1613380313499,"gmtModify":1704880192747,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Help me respond to this pls","listText":"Help me respond to this pls","text":"Help me respond to this pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/382131577","repostId":"2110904027","repostType":4,"repost":{"id":"2110904027","pubTimestamp":1613120945,"share":"https://ttm.financial/m/news/2110904027?lang=&edition=fundamental","pubTime":"2021-02-12 17:09","market":"fut","language":"en","title":"Oil’s Red-Hot Rally Fizzles With Virus Continuing Hold on Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2110904027","media":"Bloomberg","summary":"(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic c","content":"<p>(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as <a href=\"https://laohu8.com/S/AONE\">one</a> technical indicator signaled prices may have climbed too far, too fast.</p><p>Futures in New York fell for a second session on Friday after surging more than 12% for the longest run of gains in two years. The enduring outbreak continues to crimp fuel consumption from China to the U.S., with the International Energy Agency cutting its demand forecast for 2021 and describing the market as fragile. The U.S. government earlier this week also predicted the nation’s petroleum demand will likely need much more time to recover.</p><p>Despite the bearish sentiment, oil is still set to eke out a weekly gain and some are optimistic on the longer term outlook, including the IEA. The market is tightening, traders such as Trafigura Group see prices moving higher, and Citigroup Inc. is predicting Brent crude may hit $70 a barrel by year-end.</p><p>Oil’s rapid rebound from the depths of the Covid-19 pandemic has accelerated this year after Saudi Arabia pledged to deepen output cuts. Prompt timespreads have firmed in a bullish backwardation structure, helping to unwind bloated stockpiles held in onshore tanks and on ships that swelled during the outbreak.</p><p>While the recent eight-day rally pushed oil prices to the highest level in a year, it also sent crude’s 14-day Relative Strength Index firmly into overbought territory, signaling a correction was due.</p><p>“It was a long, uninterrupted rally that had to take a breather,” said Vandana Hari, founder of consultancy Vanda Insights. “The next leg up in prices may need reassurance that OPEC+ do not proceed to open the spigots from April.”</p><p>The IEA cut its forecast for world oil consumption in 2021 by 200,000 barrels a day, according to a report released on Thursday. The agency also boosted its projection for supplies outside the OPEC cartel by 400,000 barrels a day as a price recovery spurs investment.</p><p>Still, the IEA predicted a rapid stock draw during the second half, while OPEC estimated stronger global demand over the same period. The cartel increased its forecast for the amount of crude it will need to supply in 2021 by 340,000 barrels a day on weaker output from rival producers, according to a separate report.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil’s Red-Hot Rally Fizzles With Virus Continuing Hold on Market</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\">\nOil’s Red-Hot Rally Fizzles With Virus Continuing Hold on Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 17:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-extends-drop-below-58-234202757.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as one technical indicator signaled prices may have ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-extends-drop-below-58-234202757.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3faadc006e67e6ac130a7b171f263b4d","relate_stocks":{"XOM":"埃克森美孚","CVX":"雪佛龙","BAC":"美国银行","COP":"康菲石油","C":"花旗"},"source_url":"https://finance.yahoo.com/news/oil-extends-drop-below-58-234202757.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2110904027","content_text":"(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as one technical indicator signaled prices may have climbed too far, too fast.Futures in New York fell for a second session on Friday after surging more than 12% for the longest run of gains in two years. The enduring outbreak continues to crimp fuel consumption from China to the U.S., with the International Energy Agency cutting its demand forecast for 2021 and describing the market as fragile. The U.S. government earlier this week also predicted the nation’s petroleum demand will likely need much more time to recover.Despite the bearish sentiment, oil is still set to eke out a weekly gain and some are optimistic on the longer term outlook, including the IEA. The market is tightening, traders such as Trafigura Group see prices moving higher, and Citigroup Inc. is predicting Brent crude may hit $70 a barrel by year-end.Oil’s rapid rebound from the depths of the Covid-19 pandemic has accelerated this year after Saudi Arabia pledged to deepen output cuts. Prompt timespreads have firmed in a bullish backwardation structure, helping to unwind bloated stockpiles held in onshore tanks and on ships that swelled during the outbreak.While the recent eight-day rally pushed oil prices to the highest level in a year, it also sent crude’s 14-day Relative Strength Index firmly into overbought territory, signaling a correction was due.“It was a long, uninterrupted rally that had to take a breather,” said Vandana Hari, founder of consultancy Vanda Insights. “The next leg up in prices may need reassurance that OPEC+ do not proceed to open the spigots from April.”The IEA cut its forecast for world oil consumption in 2021 by 200,000 barrels a day, according to a report released on Thursday. The agency also boosted its projection for supplies outside the OPEC cartel by 400,000 barrels a day as a price recovery spurs investment.Still, the IEA predicted a rapid stock draw during the second half, while OPEC estimated stronger global demand over the same period. The cartel increased its forecast for the amount of crude it will need to supply in 2021 by 340,000 barrels a day on weaker output from rival producers, according to a separate report.","news_type":1},"isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368400031,"gmtCreate":1614343332523,"gmtModify":1704770937221,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Hood","listText":"Hood","text":"Hood","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/368400031","repostId":"1117820997","repostType":4,"repost":{"id":"1117820997","pubTimestamp":1614337504,"share":"https://ttm.financial/m/news/1117820997?lang=&edition=fundamental","pubTime":"2021-02-26 19:05","market":"us","language":"en","title":"Coinbase IPO: 5 things to know about the U.S. cryptocurrency exchange","url":"https://stock-news.laohu8.com/highlight/detail?id=1117820997","media":"MarketWatch","summary":"A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading","content":"<p>A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading platform filed paperwork with the Securities and Exchange Commission on Thursday.</p>\n<p>Coinbase&nbsp;plans to list on the Nasdaq Inc. exchange&nbsp;under the ticker symbol “COIN,” with the aim of employing a nontraditional direct listing to take itself public. This method means it won’t raise any new money, similar to approaches used by Palantir Technologies,Slack Technologies&nbsp;and Spotify Technology&nbsp;in recent years.</p>\n<p>Here’s what to know about the popular trading platform ahead of its public offering.</p>\n<p><b>What is Coinbase?</b></p>\n<p>The Silicon Valley crypto exchange was co-founded in 2012 by Brian Armstrong, 38, who runs the platform chief executive. Fred Ehrsam, a Coinbase director, also helped to create the company.</p>\n<p>There are two class of Coinbase shares. Armstrong owns 11% of the Class A shares and 22% of the Class B shares, while Ehrsam owns 11.4% of the Class A and 9% of the Class B.</p>\n<p>According to Forbes, Armstrong’s networth is currently $6.5 billion based on his ownership in the company, which is likely to increase if the direct listing goes off successfully.</p>\n<p>Coinbase bills itself as a bet on the rapidly growing cryptoeconomy, which starts with the No. 1 crypto asset bitcoin but goes well beyond that, Armstrong and company argue.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67e611f71f8557b80e1863da93d753c9\" tg-width=\"1260\" tg-height=\"639\"><span>COINBASE S-1</span></p>\n<p>Bitcoin prices&nbsp;have gained attention as it has soared to repeated records, most recently touching a recent peak above $58,000 over the weekend before beginning to give up some gains in recent trade.</p>\n<p>Last week, bitcoin hit a market value of $1 trillion and even though the asset created by a person or persons known as Satoshi Nakamoto represents about 70% of the total crypto market, there are still a number of other popular crypto assets trading on Coinbase, including ether&nbsp;on Ethereum’s blockchain, Bitcoin Cash&nbsp;and Litecoin,to name a few.</p>\n<p><b>Who else owns Coinbase?</b></p>\n<p>Venture-capital firm Andreessen Horowitz, is the largest owner of Coinbase, boasting about 25% of Class A shares and14% of Class B. And Marc Andreessen, head of the venture capital outfit, sits on Coinbase’s board.</p>\n<p>Coinbase has an ambitions echo those of Robinhood Markets</p>\n<p>“Coinbase is company with an ambitious vision: to create more economic freedom for every person and business,” Armstrong wrote in a letter appended to the company’s public-filing paperwork with the SEC.</p>\n<p><b>Biggest risk factor</b></p>\n<p>No doubt the biggest risk factor in Coinbase is that it is a bet on an unproven asset class that was created just over a decade ago. Coinbase attempts to make it clear that its fate is linked to the prospects for Bitcoin and ethereum and the thousands of other alternative coins that have been written into existence.</p>\n<p>But a decline in interest and tough regulations in the U.S. and elsewhere could wallop the exchange platform.</p>\n<p>Here’s now Coinbase explains it:</p>\n<p>“<i>There is no assurance that any supported crypto asset will maintain its value or that there will be meaningful levels of trading activities. In the event that the price of crypto assets or the demand for trading crypto assets decline, our business, operating results, and financial condition would be adversely affected. A majority of our net revenue is from transactions in Bitcoin and ethereum. If demand for these crypto assets declines and is not replaced by new demand for crypto assets, our business, operating results, and financial condition could be adversely affected</i>,” Coinbase writes in its S-1 filing.</p>\n<p><b>How large is Coinbase?</b></p>\n<p>The crypto exchange platform ranks No. 3 among the largest digital asset exchanges in the world, according to data site CoinMarketCap.com. That ranking puts it behind Binance, based in Seattle and Huobi Global, a Seychelles-based cryptocurrency exchange that was founded in China.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/183f3996adecd36a47a1b191cf6d3ca6\" tg-width=\"1260\" tg-height=\"453\"><span>COINMARKETCAP.COM</span></p>\n<p>In the U.S. Coinbase is by far the most well-known crypto platform but there are competitors, including Gemini, run by Tyler and Cameron Winklevoss, who famously used their Facebook Inc.&nbsp;settlements to invest in bitcoins.</p>\n<p>Kraken is another popular crypto platform and direct competitor in the U.S.</p>\n<p><b>Odds &amp; Ends</b></p>\n<p>The company in its public filing offered a number of homages to the founder or founders of bitcoin and the digital currency age in its submission.</p>\n<p>For example, it listed the genesis block associated with Satoshi Nakamoto at “1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa,” whose white paper back in 2008 set bitcoin in motion. (Additionally, a “Satoshi” is the smallest unit of bitcoin—0.00000001 BTC).</p>\n<p>The company offers no physical address for its headquarters in California, citing the COVID-19 pandemic, which has forced a number of companies to have most, if not all, of its staffers work remotely. For that reason, Coinbase refers to itself as “a remote-first company.”</p>\n<p>However, having no address to some was viewed as aligning with the decentralized nature of blockchain and bitcoins.</p>\n<p>The company also offered a handy primer on cryptocurrency terms, including defining terms like “hodl,” which have become popular in crypto circles. Hodl was accidentally coined in a 2013 Reddit&nbsp;and means long-term holder of an investment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d3d07b595555c3cb7e307056bde87a6\" tg-width=\"1260\" tg-height=\"348\"><span>SEC</span></p>\n<p><b>Armstrong crypto charity</b></p>\n<p>Back in 2018, Armstrong kicked off GiveCrypto.org, which makes direct cash transfers to people living in poverty.</p>\n<p>“People who invested early in crypto have amassed an enormous amount of wealth in a relatively short amount of time. Yet the reputation of the crypto community has been dominated by images of ‘bros in Lambos,’ whose antics get a lot of attention,”wrote Armstrong in a separate blog post on Mediumin 2018.</p>\n<p>Armstrong has reportedly donated at least $1 million to&nbsp;GiveCrypto.</p>","source":"market_watch","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>Coinbase IPO: 5 things to know about the U.S. cryptocurrency exchange</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\">\nCoinbase IPO: 5 things to know about the U.S. cryptocurrency exchange\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 19:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/coinbase-ipo-5-things-to-know-about-the-u-s-cryptocurrency-exchange-11614290534?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading platform filed paperwork with the Securities and Exchange Commission on Thursday.\nCoinbase plans to...</p>\n\n<a href=\"https://www.marketwatch.com/story/coinbase-ipo-5-things-to-know-about-the-u-s-cryptocurrency-exchange-11614290534?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","SPOT":"Spotify Technology S.A.","GBTC":"Grayscale Bitcoin Trust","TSLA":"特斯拉","PLTR":"Palantir Technologies Inc.","SQ":"Block","NDAQ":"纳斯达克OMX交易所"},"source_url":"https://www.marketwatch.com/story/coinbase-ipo-5-things-to-know-about-the-u-s-cryptocurrency-exchange-11614290534?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117820997","content_text":"A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading platform filed paperwork with the Securities and Exchange Commission on Thursday.\nCoinbase plans to list on the Nasdaq Inc. exchange under the ticker symbol “COIN,” with the aim of employing a nontraditional direct listing to take itself public. This method means it won’t raise any new money, similar to approaches used by Palantir Technologies,Slack Technologies and Spotify Technology in recent years.\nHere’s what to know about the popular trading platform ahead of its public offering.\nWhat is Coinbase?\nThe Silicon Valley crypto exchange was co-founded in 2012 by Brian Armstrong, 38, who runs the platform chief executive. Fred Ehrsam, a Coinbase director, also helped to create the company.\nThere are two class of Coinbase shares. Armstrong owns 11% of the Class A shares and 22% of the Class B shares, while Ehrsam owns 11.4% of the Class A and 9% of the Class B.\nAccording to Forbes, Armstrong’s networth is currently $6.5 billion based on his ownership in the company, which is likely to increase if the direct listing goes off successfully.\nCoinbase bills itself as a bet on the rapidly growing cryptoeconomy, which starts with the No. 1 crypto asset bitcoin but goes well beyond that, Armstrong and company argue.\nCOINBASE S-1\nBitcoin prices have gained attention as it has soared to repeated records, most recently touching a recent peak above $58,000 over the weekend before beginning to give up some gains in recent trade.\nLast week, bitcoin hit a market value of $1 trillion and even though the asset created by a person or persons known as Satoshi Nakamoto represents about 70% of the total crypto market, there are still a number of other popular crypto assets trading on Coinbase, including ether on Ethereum’s blockchain, Bitcoin Cash and Litecoin,to name a few.\nWho else owns Coinbase?\nVenture-capital firm Andreessen Horowitz, is the largest owner of Coinbase, boasting about 25% of Class A shares and14% of Class B. And Marc Andreessen, head of the venture capital outfit, sits on Coinbase’s board.\nCoinbase has an ambitions echo those of Robinhood Markets\n“Coinbase is company with an ambitious vision: to create more economic freedom for every person and business,” Armstrong wrote in a letter appended to the company’s public-filing paperwork with the SEC.\nBiggest risk factor\nNo doubt the biggest risk factor in Coinbase is that it is a bet on an unproven asset class that was created just over a decade ago. Coinbase attempts to make it clear that its fate is linked to the prospects for Bitcoin and ethereum and the thousands of other alternative coins that have been written into existence.\nBut a decline in interest and tough regulations in the U.S. and elsewhere could wallop the exchange platform.\nHere’s now Coinbase explains it:\n“There is no assurance that any supported crypto asset will maintain its value or that there will be meaningful levels of trading activities. In the event that the price of crypto assets or the demand for trading crypto assets decline, our business, operating results, and financial condition would be adversely affected. A majority of our net revenue is from transactions in Bitcoin and ethereum. If demand for these crypto assets declines and is not replaced by new demand for crypto assets, our business, operating results, and financial condition could be adversely affected,” Coinbase writes in its S-1 filing.\nHow large is Coinbase?\nThe crypto exchange platform ranks No. 3 among the largest digital asset exchanges in the world, according to data site CoinMarketCap.com. That ranking puts it behind Binance, based in Seattle and Huobi Global, a Seychelles-based cryptocurrency exchange that was founded in China.\nCOINMARKETCAP.COM\nIn the U.S. Coinbase is by far the most well-known crypto platform but there are competitors, including Gemini, run by Tyler and Cameron Winklevoss, who famously used their Facebook Inc. settlements to invest in bitcoins.\nKraken is another popular crypto platform and direct competitor in the U.S.\nOdds & Ends\nThe company in its public filing offered a number of homages to the founder or founders of bitcoin and the digital currency age in its submission.\nFor example, it listed the genesis block associated with Satoshi Nakamoto at “1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa,” whose white paper back in 2008 set bitcoin in motion. (Additionally, a “Satoshi” is the smallest unit of bitcoin—0.00000001 BTC).\nThe company offers no physical address for its headquarters in California, citing the COVID-19 pandemic, which has forced a number of companies to have most, if not all, of its staffers work remotely. For that reason, Coinbase refers to itself as “a remote-first company.”\nHowever, having no address to some was viewed as aligning with the decentralized nature of blockchain and bitcoins.\nThe company also offered a handy primer on cryptocurrency terms, including defining terms like “hodl,” which have become popular in crypto circles. Hodl was accidentally coined in a 2013 Reddit and means long-term holder of an investment.\nSEC\nArmstrong crypto charity\nBack in 2018, Armstrong kicked off GiveCrypto.org, which makes direct cash transfers to people living in poverty.\n“People who invested early in crypto have amassed an enormous amount of wealth in a relatively short amount of time. Yet the reputation of the crypto community has been dominated by images of ‘bros in Lambos,’ whose antics get a lot of attention,”wrote Armstrong in a separate blog post on Mediumin 2018.\nArmstrong has reportedly donated at least $1 million to GiveCrypto.","news_type":1},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360341665,"gmtCreate":1613846157057,"gmtModify":1704885470367,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360341665","repostId":"1143100356","repostType":4,"repost":{"id":"1143100356","pubTimestamp":1613792715,"share":"https://ttm.financial/m/news/1143100356?lang=&edition=fundamental","pubTime":"2021-02-20 11:45","market":"us","language":"en","title":"2 Top Tech Stocks to Buy Now for Big Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1143100356","media":"Nasdaq","summary":"The S&P 500 and the tech-heavy Nasdaq slipped during the week of February 15, after they closed at new records last week. Despite the drop in some of the big tech names such as AppleAAPL, FacebookFB, MicrosoftMSFT, Zoom VideoZM, and countless others this week, the market fundamentals remain relatively strong.Ebbs and flows, as well as pullbacks and corrections are healthy aspects of the market. And they need not be viewed as anything but normal occurrences, especially as strong earnings results ","content":"<p>The S&amp;P 500 and the tech-heavy Nasdaq slipped during the week of February 15, after they closed at new records last week. Despite the drop in some of the big tech names such as AppleAAPL, FacebookFB, MicrosoftMSFT, Zoom VideoZM, and countless others this week, the market fundamentals remain relatively strong.</p><p>Ebbs and flows, as well as pullbacks and corrections are healthy aspects of the market. And they need not be viewed as anything but normal occurrences, especially as strong earnings results continue to pour in. Better yet, the outlook for the first quarter and the rest of 2021 has improved significantly.</p><p>Vaccine distribution will hopefully help the economy roar back by the summer and lift some of the hardest-hit areas of the economy. Meanwhile, Wall Street is banking on more spending under the Biden administration and the Fed remains firmly committed to keeping interest rates low.</p><p>All of these factors set up a bullish outlook for 2021. But instead of focusing on companies that need a vaccine to really grow, let’s look at two tech stocks that have posted big sales growth during the pandemic and are ready to expand for years within futuristic industries…</p><p><b>NIO Inc.NIO</b></p><p>Every major automaker, from FordFto Volvo, is racing to roll out more electric vehicles as they try to catch TeslaTSLA. Luckily for investors, the EV market is far from a zero-sum game and newcomers continue to enter the space. Chinese EV maker NIO is a rising star in the booming market, as its sales continue to grow. The company is also focused on autonomous driving tech, as well as batteries, which are the lifeblood of the industry.</p><p>NIO sells multiple models that are somewhat in-line with Tesla, from smaller SUVs to sedans. The company said in early January that it delivered 17,353 vehicles in the fourth quarter, which marked a 110% jump.</p><p>Overall, NIO’s full-year deliveries surged 113% to nearly 44,000 vehicles in 2020. And its January 2021 figures were even more impressive, with deliveries up 350% from the year-ago period to push its overall cumulative deliveries to 83K.</p><p>With this in mind, Zacks estimates call for NIO’s FY20 revenue to jump 120% to $2.49 billion, with FY21 projected to come in another 97% higher to reach $4.89 billion. The Chinese EV company is also expected to significantly shrink its adjusted losses during this stretch.</p><p>NIO has topped our EPS estimates in the trailing two periods and its positive earnings revisions help it land a Zacks Rank #2 (Buy) heading into the release of its Q4 results on March 1.</p><p><img src=\"https://static.tigerbbs.com/5b6233d1784a5cb7db62b437f7632a3f\" tg-width=\"620\" tg-height=\"314\" referrerpolicy=\"no-referrer\"></p><p>NIO, which rocks an “A” grade for Growth in our Style Scores system, has seen its stock skyrocket over 1,000% in the last year and 300% in the past six months. Luckily for investors who missed the ride, NIO has cooled down, up only 12% in the last three months.</p><p>At roughly $55 per share, it’s down about 13% from its late January records. The recent downturn has seen it fall from overbought in terms of the Relative Strength Index to around 45—an RSI above 70 is often regarded as overbought, with any number below 30 considered oversold.</p><p>NIO’s recent price performance could give it room to run if it’s able to impress Wall Street. And the stock jumped over 1% through morning trading Friday, as it bounces off its 50-day moving average. NIO shares also trade at a discount compared to other high-flyers at 12.7X forward sales, which marks a discount against Tesla’s 15.5X and comes in 25% below its own six-months highs.</p><p>Three out of the nine brokerage recommendations that Zacks has for NIO come in at a “Strong Buy,” with none below a “Hold.” NIO might be worth buying as a long-term play that’s far less expensive than Tesla ($784 a share), in a world where EVs already accounted for over 30% of Volvo’s new car sales in Europe in 2020. And let’s remember that China is one of the world’s largest EV markets.</p><p><b>CrowdStrikeCRWD</b></p><p>CrowdStrike is a cloud-focused cybersecurity firm that utilizes machine learning and AI to protect endpoints and cloud workloads. This is crucial in the cloud age that’s full of rapidly expanding endpoints, which include laptops, desktops, smartphones, IoT devices, and more.</p><p>Remote work and schooling pushed this area of the ever-growing cybersecurity space to the forefront, but it was already booming. More importantly, as devices proliferate and our digitally-connected world grows more complex, it becomes more vulnerable.</p><p>CrowdStrike on February announced plans to bolster its offerings through the acquisition of Humio for $400 million—expected to close in the first quarter. Humio provides high-performance cloud log management and observability technology. The deal is set to “further expand its eXtended Detection and Response (XDR) capabilities by ingesting and correlating data from any log, application or feed to deliver actionable insights and real-time protection.”</p><p><img src=\"https://static.tigerbbs.com/9f684cfbac7ba46e2cf8ab6e063461a2\" tg-width=\"620\" tg-height=\"280\" referrerpolicy=\"no-referrer\"></p><p>CrowdStrike, which went public in the summer of 2019, has soared nearly 280% in the past 12 months. More recently, the stock is up 65% in the last six months, and it already bounced back to new records—which it hit earlier in the week—after it slipped in mid-January.</p><p>The stock is firmly a growth play at the moment, trading at 42.7X forward sales, which puts it right in line with e-commerce giant ShopifySHOP. Despite its run, the stock is not currently considered overbought, with an RSI of 64.</p><p>CRWD’s positive earnings revisions help it grab a Zacks Rank #2 (Buy) at the moment, with it set to release its fourth quarter fiscal 2021 results on March 16. Meanwhile, 14 of the 19 brokerage ratings Zacks has for CRWD come in at a “Strong Buy,” with none lower than a “Hold.”</p><p>Looking back, the company crushed our Q3 estimates in December, with sales up 86%. CrowdStrike also lifted its guidance at the time. Zacks estimates currently call for it to swing from an adjusted loss of -$0.02 a share in the year-ago period to +$0.09 in the fourth quarter on 65% stronger sales.</p><p>In total, the cybersecurity firm is projected to soar from a loss of -$0.42 a share to +$0.23 in fiscal 2021. Plus, CRWD’s FY22 EPS figure is projected to climb another 70% higher, all the way to $0.39 a share. Meanwhile, its revenue is projected to jump 79% to hit $861 million in FY21 and then climb another 42% to $1.22 billion in FY22.</p><p>CrowdStrike’s expected growth would come on top of FY20’s 93% sales expansion. The stock has clearly already gone on an impressive run. But it is poised to continue to grow in a world where everything is connected and data is endless. Therefore, cybersecurity firms such as CrowdStrike might make for strong long-term growth plays.</p><p><b>These Stocks Are Poised to Soar Past the Pandemic</b>The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.</p><p>Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.</p>","source":"lsy1604288433698","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>2 Top Tech Stocks to Buy Now for Big Growth</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\">\n2 Top Tech Stocks to Buy Now for Big Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-20 11:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/2-top-tech-stocks-to-buy-now-for-big-growth-2021-02-19><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 and the tech-heavy Nasdaq slipped during the week of February 15, after they closed at new records last week. Despite the drop in some of the big tech names such as AppleAAPL, FacebookFB, ...</p>\n\n<a href=\"https://www.nasdaq.com/articles/2-top-tech-stocks-to-buy-now-for-big-growth-2021-02-19\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.nasdaq.com/articles/2-top-tech-stocks-to-buy-now-for-big-growth-2021-02-19","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143100356","content_text":"The S&P 500 and the tech-heavy Nasdaq slipped during the week of February 15, after they closed at new records last week. Despite the drop in some of the big tech names such as AppleAAPL, FacebookFB, MicrosoftMSFT, Zoom VideoZM, and countless others this week, the market fundamentals remain relatively strong.Ebbs and flows, as well as pullbacks and corrections are healthy aspects of the market. And they need not be viewed as anything but normal occurrences, especially as strong earnings results continue to pour in. Better yet, the outlook for the first quarter and the rest of 2021 has improved significantly.Vaccine distribution will hopefully help the economy roar back by the summer and lift some of the hardest-hit areas of the economy. Meanwhile, Wall Street is banking on more spending under the Biden administration and the Fed remains firmly committed to keeping interest rates low.All of these factors set up a bullish outlook for 2021. But instead of focusing on companies that need a vaccine to really grow, let’s look at two tech stocks that have posted big sales growth during the pandemic and are ready to expand for years within futuristic industries…NIO Inc.NIOEvery major automaker, from FordFto Volvo, is racing to roll out more electric vehicles as they try to catch TeslaTSLA. Luckily for investors, the EV market is far from a zero-sum game and newcomers continue to enter the space. Chinese EV maker NIO is a rising star in the booming market, as its sales continue to grow. The company is also focused on autonomous driving tech, as well as batteries, which are the lifeblood of the industry.NIO sells multiple models that are somewhat in-line with Tesla, from smaller SUVs to sedans. The company said in early January that it delivered 17,353 vehicles in the fourth quarter, which marked a 110% jump.Overall, NIO’s full-year deliveries surged 113% to nearly 44,000 vehicles in 2020. And its January 2021 figures were even more impressive, with deliveries up 350% from the year-ago period to push its overall cumulative deliveries to 83K.With this in mind, Zacks estimates call for NIO’s FY20 revenue to jump 120% to $2.49 billion, with FY21 projected to come in another 97% higher to reach $4.89 billion. The Chinese EV company is also expected to significantly shrink its adjusted losses during this stretch.NIO has topped our EPS estimates in the trailing two periods and its positive earnings revisions help it land a Zacks Rank #2 (Buy) heading into the release of its Q4 results on March 1.NIO, which rocks an “A” grade for Growth in our Style Scores system, has seen its stock skyrocket over 1,000% in the last year and 300% in the past six months. Luckily for investors who missed the ride, NIO has cooled down, up only 12% in the last three months.At roughly $55 per share, it’s down about 13% from its late January records. The recent downturn has seen it fall from overbought in terms of the Relative Strength Index to around 45—an RSI above 70 is often regarded as overbought, with any number below 30 considered oversold.NIO’s recent price performance could give it room to run if it’s able to impress Wall Street. And the stock jumped over 1% through morning trading Friday, as it bounces off its 50-day moving average. NIO shares also trade at a discount compared to other high-flyers at 12.7X forward sales, which marks a discount against Tesla’s 15.5X and comes in 25% below its own six-months highs.Three out of the nine brokerage recommendations that Zacks has for NIO come in at a “Strong Buy,” with none below a “Hold.” NIO might be worth buying as a long-term play that’s far less expensive than Tesla ($784 a share), in a world where EVs already accounted for over 30% of Volvo’s new car sales in Europe in 2020. And let’s remember that China is one of the world’s largest EV markets.CrowdStrikeCRWDCrowdStrike is a cloud-focused cybersecurity firm that utilizes machine learning and AI to protect endpoints and cloud workloads. This is crucial in the cloud age that’s full of rapidly expanding endpoints, which include laptops, desktops, smartphones, IoT devices, and more.Remote work and schooling pushed this area of the ever-growing cybersecurity space to the forefront, but it was already booming. More importantly, as devices proliferate and our digitally-connected world grows more complex, it becomes more vulnerable.CrowdStrike on February announced plans to bolster its offerings through the acquisition of Humio for $400 million—expected to close in the first quarter. Humio provides high-performance cloud log management and observability technology. The deal is set to “further expand its eXtended Detection and Response (XDR) capabilities by ingesting and correlating data from any log, application or feed to deliver actionable insights and real-time protection.”CrowdStrike, which went public in the summer of 2019, has soared nearly 280% in the past 12 months. More recently, the stock is up 65% in the last six months, and it already bounced back to new records—which it hit earlier in the week—after it slipped in mid-January.The stock is firmly a growth play at the moment, trading at 42.7X forward sales, which puts it right in line with e-commerce giant ShopifySHOP. Despite its run, the stock is not currently considered overbought, with an RSI of 64.CRWD’s positive earnings revisions help it grab a Zacks Rank #2 (Buy) at the moment, with it set to release its fourth quarter fiscal 2021 results on March 16. Meanwhile, 14 of the 19 brokerage ratings Zacks has for CRWD come in at a “Strong Buy,” with none lower than a “Hold.”Looking back, the company crushed our Q3 estimates in December, with sales up 86%. CrowdStrike also lifted its guidance at the time. Zacks estimates currently call for it to swing from an adjusted loss of -$0.02 a share in the year-ago period to +$0.09 in the fourth quarter on 65% stronger sales.In total, the cybersecurity firm is projected to soar from a loss of -$0.42 a share to +$0.23 in fiscal 2021. Plus, CRWD’s FY22 EPS figure is projected to climb another 70% higher, all the way to $0.39 a share. Meanwhile, its revenue is projected to jump 79% to hit $861 million in FY21 and then climb another 42% to $1.22 billion in FY22.CrowdStrike’s expected growth would come on top of FY20’s 93% sales expansion. The stock has clearly already gone on an impressive run. But it is poised to continue to grow in a world where everything is connected and data is endless. Therefore, cybersecurity firms such as CrowdStrike might make for strong long-term growth plays.These Stocks Are Poised to Soar Past the PandemicThe COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158025584,"gmtCreate":1625115143548,"gmtModify":1703736469504,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158025584","repostId":"2148081073","repostType":4,"repost":{"id":"2148081073","pubTimestamp":1625110234,"share":"https://ttm.financial/m/news/2148081073?lang=&edition=fundamental","pubTime":"2021-07-01 11:30","market":"us","language":"en","title":"Hot IPO Market Is Tough Competition for Consumer-Hungry Buyers","url":"https://stock-news.laohu8.com/highlight/detail?id=2148081073","media":"Bloomberg","summary":"(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing ano","content":"<p>(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing another hurdle: a booming public market that’s attracting high-growth companies to list instead of sell.</p>\n<p>When Jessica Alba’s skincare maker The Honest Co. went public this year, it did so after first exploring a sale, according to people familiar with the matter. When the company’s investors realized the IPO value would be higher than what it could get from buyers, Honest scrapped the sale and went for the listing, the people said. A representative for Honest declined to comment.</p>\n<p>“The public market valuations for growth companies are sometimes higher than what strategic players are willing to pay,” said Tony Kim, a partner at Centerview Partners focusing on consumer products. “Strategic buyers have <a href=\"https://laohu8.com/S/AONE\">one</a> eye on the market, but think valuations are pretty rich.”</p>\n<p>Brands in the sector, including food makers, pet-supply manufacturers and home furnishing companies, raised more than $4 billion through initial public offerings so far in 2021, compared to $3.6 billion during the same period last year, according to data compiled by Bloomberg.</p>\n<p>Direct-to-consumer names that sell through e-commerce channels have been less affected by the pandemic than brick-and-mortar stores, and have managed to deliver results for investors that have bought into their growth potential. Their success could persuade others to take the public market track.</p>\n<p>Shares of Figs Inc., which sells medical scrubs online, have almost doubled since its IPO last month, in <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the biggest gains by a major listing this year.</p>\n<p><a href=\"https://laohu8.com/S/OTLY\">Oatly Group AB</a>, the oat-milk maker that made headlines with its unconventional Super Bowl commercial, went public at a valuation more than seven times its estimated revenue in 2022. Traditional packaged food makers, such as Nestle SA, trade at about 3.9 times revenue. Oatly’s shares have jumped more than 50% since its May debut.</p>\n<p>“The absolute strength of the capital markets is in some way disintermediating the traditional M&amp;A markets with IPOs and SPAC transactions,” said Cathy Leonhardt, a managing director and co-head of PJ Solomon’s global consumer retail group.</p>\n<p>More IPOs are on the way. Doughnut chain Krispy Kreme Inc. is set to price shares on Wednesday, while eye-wear brand Warby Parker Inc. and sneaker maker Allbirds Inc. are also making preparations to go public this year.</p>\n<p>On Running, yogurt company Chobani and trendy salad chain Sweetgreen Inc. are working on plans to join them, Bloomberg News has reported.</p>\n<p>On thing they’re all benefiting from as they head to market: A boost from the rebounding economy.</p>\n<p>“The consumer is back. They want to buy things that make them feel good, to celebrate,” Leonhardt said.</p>\n<p>Dual Tracks</p>\n<p>Traditional M&amp;A could still be in favor when sellers, particularly financial sponsors, seek cleaner, quicker exits versus the slower, dribbling sell-down of an IPO.</p>\n<p>In the first half of the year, strategic and financial buyers announced $84 billion in M&amp;A transactions in the U.S. That’s more than double the same period last year, when the start of the Covid-19 pandemic slowed dealmaking to a trickle.</p>\n<p>KKR &amp; Co., the owner of supplement maker Bountiful, sold part of the business to Nestle just days before the company was supposed to go public, letting it monetize a big chunk of its investment faster.</p>\n<p>Robust dual-track processes -- where companies pursue a possible sale alongside a listing -- have helped potential M&amp;A targets boost their asking prices, advisers said.</p>\n<p>This played a role for skincare brand Paula’s Choice, which explored an IPO before selling to Unilever Plc this month for a reported $2 billion. The sale of a stake in Bountiful to Nestle SA valued the company at nearly $6 billion.</p>\n<p>A potential U.S. tax hike could also encourage sales processes.</p>\n<p>“For many private, founder-led companies, if they had not explored a sale previously, the threat of a capital gains increase has motivated them to explore a sale,” said Dana Weinstein, JPMorgan Chase &amp; Co.’s head of consumer, retail and business services investment banking.</p>\n<p><a href=\"https://laohu8.com/S/SAFM\">Sanderson Farms</a> Inc., a publicly traded poultry producer with some family ownership, is exploring a sale and has received approaches from Continental Grain Co.’s Wayne Farms and others, according to people with knowledge of the matter. Representatives for Sanderson Farms and Continental Grain declined to comment.</p>\n<p>Corporate divestitures are shaping up to be busy for the rest of the year. Shoemaker Adidas AG is looking for a new owner for Reebok after owning it since 2005. Unilever is selling its tea business along with some non-core personal care assets.</p>\n<p>“It’s good corporate hygiene to be constantly evaluating the portfolio and divesting under-performing businesses, the result of which will be increased M&amp;A activity for higher-growth assets,” JPMorgan’s Weinstein said.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot IPO Market Is Tough Competition for Consumer-Hungry Buyers</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\">\nHot IPO Market Is Tough Competition for Consumer-Hungry Buyers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/hot-ipo-market-tough-competition-175034438.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing another hurdle: a booming public market that’s attracting high-growth companies to list instead of sell...</p>\n\n<a href=\"https://finance.yahoo.com/news/hot-ipo-market-tough-competition-175034438.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OTLY":"Oatly Group AB","KKR":"KKR & Co L.P."},"source_url":"https://finance.yahoo.com/news/hot-ipo-market-tough-competition-175034438.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2148081073","content_text":"(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing another hurdle: a booming public market that’s attracting high-growth companies to list instead of sell.\nWhen Jessica Alba’s skincare maker The Honest Co. went public this year, it did so after first exploring a sale, according to people familiar with the matter. When the company’s investors realized the IPO value would be higher than what it could get from buyers, Honest scrapped the sale and went for the listing, the people said. A representative for Honest declined to comment.\n“The public market valuations for growth companies are sometimes higher than what strategic players are willing to pay,” said Tony Kim, a partner at Centerview Partners focusing on consumer products. “Strategic buyers have one eye on the market, but think valuations are pretty rich.”\nBrands in the sector, including food makers, pet-supply manufacturers and home furnishing companies, raised more than $4 billion through initial public offerings so far in 2021, compared to $3.6 billion during the same period last year, according to data compiled by Bloomberg.\nDirect-to-consumer names that sell through e-commerce channels have been less affected by the pandemic than brick-and-mortar stores, and have managed to deliver results for investors that have bought into their growth potential. Their success could persuade others to take the public market track.\nShares of Figs Inc., which sells medical scrubs online, have almost doubled since its IPO last month, in one of the biggest gains by a major listing this year.\nOatly Group AB, the oat-milk maker that made headlines with its unconventional Super Bowl commercial, went public at a valuation more than seven times its estimated revenue in 2022. Traditional packaged food makers, such as Nestle SA, trade at about 3.9 times revenue. Oatly’s shares have jumped more than 50% since its May debut.\n“The absolute strength of the capital markets is in some way disintermediating the traditional M&A markets with IPOs and SPAC transactions,” said Cathy Leonhardt, a managing director and co-head of PJ Solomon’s global consumer retail group.\nMore IPOs are on the way. Doughnut chain Krispy Kreme Inc. is set to price shares on Wednesday, while eye-wear brand Warby Parker Inc. and sneaker maker Allbirds Inc. are also making preparations to go public this year.\nOn Running, yogurt company Chobani and trendy salad chain Sweetgreen Inc. are working on plans to join them, Bloomberg News has reported.\nOn thing they’re all benefiting from as they head to market: A boost from the rebounding economy.\n“The consumer is back. They want to buy things that make them feel good, to celebrate,” Leonhardt said.\nDual Tracks\nTraditional M&A could still be in favor when sellers, particularly financial sponsors, seek cleaner, quicker exits versus the slower, dribbling sell-down of an IPO.\nIn the first half of the year, strategic and financial buyers announced $84 billion in M&A transactions in the U.S. That’s more than double the same period last year, when the start of the Covid-19 pandemic slowed dealmaking to a trickle.\nKKR & Co., the owner of supplement maker Bountiful, sold part of the business to Nestle just days before the company was supposed to go public, letting it monetize a big chunk of its investment faster.\nRobust dual-track processes -- where companies pursue a possible sale alongside a listing -- have helped potential M&A targets boost their asking prices, advisers said.\nThis played a role for skincare brand Paula’s Choice, which explored an IPO before selling to Unilever Plc this month for a reported $2 billion. The sale of a stake in Bountiful to Nestle SA valued the company at nearly $6 billion.\nA potential U.S. tax hike could also encourage sales processes.\n“For many private, founder-led companies, if they had not explored a sale previously, the threat of a capital gains increase has motivated them to explore a sale,” said Dana Weinstein, JPMorgan Chase & Co.’s head of consumer, retail and business services investment banking.\nSanderson Farms Inc., a publicly traded poultry producer with some family ownership, is exploring a sale and has received approaches from Continental Grain Co.’s Wayne Farms and others, according to people with knowledge of the matter. Representatives for Sanderson Farms and Continental Grain declined to comment.\nCorporate divestitures are shaping up to be busy for the rest of the year. Shoemaker Adidas AG is looking for a new owner for Reebok after owning it since 2005. Unilever is selling its tea business along with some non-core personal care assets.\n“It’s good corporate hygiene to be constantly evaluating the portfolio and divesting under-performing businesses, the result of which will be increased M&A activity for higher-growth assets,” JPMorgan’s Weinstein said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365415549,"gmtCreate":1614769942581,"gmtModify":1704774988061,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/365415549","repostId":"1167705548","repostType":4,"repost":{"id":"1167705548","pubTimestamp":1614767843,"share":"https://ttm.financial/m/news/1167705548?lang=&edition=fundamental","pubTime":"2021-03-03 18:37","market":"us","language":"en","title":"Fed policy changes could be coming in response to bond market turmoil, economists say","url":"https://stock-news.laohu8.com/highlight/detail?id=1167705548","media":"cnbc","summary":"KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors","content":"<div>\n<p>KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors and economists say.One would see a rebirth of Operation Twist, in which the Fed sells short-term ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/01/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Fed policy changes could be coming in response to bond market turmoil, economists say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed policy changes could be coming in response to bond market turmoil, economists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-03 18:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/01/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors and economists say.One would see a rebirth of Operation Twist, in which the Fed sells short-term ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/01/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/03/01/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1167705548","content_text":"KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors and economists say.One would see a rebirth of Operation Twist, in which the Fed sells short-term bills and buys longer-duration bonds.Others could see an increase in rates on excess reserves and overnight repo operations.The moves would be to address market stability rather than economic concerns.While the Federal Reserve may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon to address some of the recent tumults in the bond market.The moves could happen as soon as the upcoming March 16-17 Federal Open Market Committee meeting, according to investors and economists who are watching recent action closely and expect the central bank to address some distortions that have occurred.One possible move would the third iteration of Operation Twist, a move the Fed last made nearly a decade ago during market tumult around the time of the European debt crisis. Another could see an increase in the rate paid on reserves to address issues in the money markets, while the Fed also might adjust the rate on overnight repo operations in the bond market.The mechanics of Operation Twist involve selling shorter-dated government notes and buying about the same dollar amount in longer-duration securities. The objective is to nudge up shorter-term rates and drive down those at the longer end, thus flattening the yield curve.The Fed ran the program both in 2011 and in 1961; a market participant familiar with the Fed's operations said central bank officials have been in contact with primary dealers to gauge the need for some intervention.'The perfect policy prescription'Longer-term bond yields have surged over the past two weeks to levels not seen since before the Covid-19 pandemic. While they remain low historically speaking, markets have been concernedover the pace of the increase. The bond market was calm Monday, with rates in the middle of the curve mostly lower.Implementing the scheme could help soothe some of the jangled nerves that accompanied a recent blast higher in interest rates from 5-year notes on up the curve. The \"twist\" is a nod toward adjusting the duration of its purchases to the longer end, and the buying and selling of equal weights mean the Fed's already bloated $7.5 trillion balance sheet won't be expanded further.\"The Fed is simultaneously losing control of both the US front end & back end rates curves for different reasons,\" Mark Cabana, rates strategist at Bank of America Global Research, said in a note to clients. \"Twist, a simultaneous selling of US front end Treasuries & buying of longer-dated [bonds], is the perfect policy prescription for the Fed, in our view.\"Cabana said the move \"kills three birds with one stone.\" Namely, it raises rates on the short end of the duration spectrum, provides stability on the back end and does not expand the balance sheet and thus require banks to hold more capital.\"We believe no other Fed balance sheet option can address each of these issues as effectively,\" he wrote. \"To be clear the Fed will twist to deal with market functioning issues, not economic problems.\"Indeed, the Fed iswelcoming some upward pressure on yieldsas it reflects a growing economy and rising inflation expectations toward the central bank's 2% goal.However, the trend presents some issues for the Fed that a weak 7-year note auction last week helped demonstrate. The Fed needs bond auctions to go well as a surge in supply is on the way from a federal government running what is expected to be a deficit of at least $2.3 trillion this year.Investors tend to shy away from longer-dated bonds during times of inflation as their rates can't keep up and cause bondholders to lose principal. That's why Cabana expects the Fed to sell $80 billion a month in Treasury bills and use it to buy bonds of duration past four and a half years.FOMC members at their November meeting discussed market expectations that the central bank would begin to lengthen the average duration of its purchases. Members endorsed \"ongoing careful consideration\" of the composition of its bond holdings.\"Participants noted that the Committee could provide more accommodation, if appropriate, by increasing the pace of purchases or by shifting its Treasury purchases to those with a longer maturity without increasing the size of its purchases,\" theminutes from that meetingstated.Raising rates on reserves and repoThere are other issues in the market, and that's why the Fed's actions may not be limited to Operation Twist.One other move it could do is increase the interest on excess reserves rate from 0.1% to 0.15%. Though there essentially are no excess reserves now due to the Fed dropping the minimum duringthe Covid-19 crisis, the IOER serves as a guardrail for some short-term rates, which is important to money market funds that have had to buy bills at negative real rates.\"The Fed essentially has to place a raised floor in the U.S. economy to keep things that need positive returns alive,\" said Fed veteran Christopher Whalen, head of Whalen Global Advisory.While he said he understands the IOER move, Whalen said he is skeptical of how successful the Fed will be with implementing Twist.\"No matter how well-intentioned they are, their efforts to engineer things are slowly weakening the system,\" he said. \"You have another bad auction or two and we're screwed.\"Still, Cabana said expects the Fed to begin signaling the additional moves as soon as this week. ChairmanJerome Powellspeaks Thursday during a Wall Street Journal event, and a slew of other Fed officials also are on tap to share their views this week.Markets worried over how things are running likely will welcome the Fed's moves, said Joseph Brusuelas, chief economist at RSM.In addition to the Twist implementation and adjustment on IOER, Brusuelas thinks the Fed also will increase the rate it pays on overnight repo operations from zero basis points to five.While Brusuelas said markets expected rising rates this year, \"what we didn't expect was an overreaction to the reflation of the domestic economy in the fixed income market. That clearly has gotten the attention of the Fed.\"\"The market would welcome the lifting of the IOER as well as any communication that it intends to twist the curve down to keep the economy on track,\" he added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366512725,"gmtCreate":1614509837767,"gmtModify":1704772171436,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366512725","repostId":"2114343228","repostType":4,"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384348668,"gmtCreate":1613619321354,"gmtModify":1704882790383,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"??????????","listText":"??????????","text":"??????????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/384348668","repostId":"1188127819","repostType":4,"repost":{"id":"1188127819","pubTimestamp":1613618258,"share":"https://ttm.financial/m/news/1188127819?lang=&edition=fundamental","pubTime":"2021-02-18 11:17","market":"us","language":"en","title":"Bitcoin’s $50,000 FOMO Is Overpowering Bankers","url":"https://stock-news.laohu8.com/highlight/detail?id=1188127819","media":"Bloomberg","summary":"The Fear Of Missing Out is rippling through business and finance. But not everyone can be Elon Musk.","content":"<blockquote>\n <b>The Fear Of Missing Out&nbsp;is rippling through&nbsp;business and finance.&nbsp;But not everyone can be Elon Musk.</b>\n</blockquote>\n<p>JPMorgan Chase &amp; Co. traders are said to be “salivating” over Bitcoin. It’s easy to see why. The cryptocurrency’s price hasshot past $50,000, double where it was on Christmas Day, creating a powerful centrifugal force of excitement — and real money judging by crypto exchange Coinbase Inc.’sreportedprofit margins of 20%.</p>\n<p>Never mind that Bitcoin’s persistent&nbsp;flaws, from relatively slow transaction speeds to&nbsp;wild price swings, make it a poor store of value or medium of exchange.&nbsp;The&nbsp;promise of life-changing wealth during lockdown is&nbsp;a strong draw for eager punters. Beyond the memes, wealthy financiers and billionaires are&nbsp;loudly loading up on digital gold, drowning out any skeptical voices.&nbsp;Elon Musk’s Tesla Inc. hasplowed$1.5 billion into Bitcoin, and wealthy hedge-funders like Paul Tudor Jones and Stanley Druckenmiller are on board.</p>\n<p>It’s hard to heed “boomer” warningscomparing the craze to 17th-century Dutch tulip maniawhen the likes of ARK Investment Management’s Cathie Wood areegging firms on to buy.</p>\n<p>No wonder the world of “legacy” corporate finance is salivating. The mood echoes how Citigroup Inc.’s former boss Chuck Prince&nbsp;depicted&nbsp;the peak of the subprime bubble: “As long as the music is playing, you’ve got to get up and dance.” Nowadays it seems everyone is adding crypto to their dance card.</p>\n<p>MasterCard Inc.and Bank of New York Mellon Corp. have announced crypto plans, while JPMorgan Co-President Daniel Pinto says his bank will“get involved” eventually.&nbsp;Some investors say they’ve bought crypto while hating every minute of it — the very definition of the Fear of Missing Out.</p>\n<p><b>The Bitcoin Aristocracy</b></p>\n<p>There are over 8,000 addresses holding balances worth over $10 million</p>\n<p><img src=\"https://static.tigerbbs.com/8cf7f475e7f3f8487eb55c370a8c6481\" tg-width=\"826\" tg-height=\"512\"></p>\n<p>Hard as it is to resist crypto FOMO, it’s still worth thinking about rules of engagement and taking a careful approach. One principle might be to remind companies of their fiduciary duty to shareholders. Simply sticking Bitcoin on the balance sheet like Teslais&nbsp;apoorhedge, as its price tumbles in times of market stress have shown. It’s not a common medium of exchange either, with merchants amounting to an estimated 1% of crypto transactions between mid-2019 and mid-2020.</p>\n<p>Most companies with a dollar cost base selling goods other than luxury cars have no real need to hold a pile of cryptocurrencies. Copying Musk is for the brave — it only works if the price keeps going up. Corporations should stick to their financial lane, not swerve onto Tesla’s. Most investors prefer for excess cash to be reinvested in operations, returned or managed appropriately.</p>\n<p>For bankers, acting as a broker for crypto clients could certainly fit into their job description. However, some caution is warranted here, too. Jean Dermine, a professor of banking at Insead,&nbsp;reckons Bitcoin touches on several areas of risk: operational risk, such as client identification and the potential for fraud; legal, especially with a decentralized global asset; and regulatory risk, given a history of lawsuits andgovernment crackdownsin the sector. And then there’s the need to protect consumers too.</p>\n<p>So while trading Bitcoin might make business sense, the risks should make it expensive to do so, with high levels of loss-absorbing capital set aside to back it.&nbsp;Switzerland, for example, has reportedly guided toward&nbsp;aflat bank risk weightof 800% for Bitcoin. That helps explain why banks have so far kept one step removed from the asset, whether via futures or taking on crypto exchanges as clients.</p>\n<p>While treading cautiously on Bitcoin, banks would do well to take a more strategic approach tothe whole crypto landscape. The future of money hasn’t been decided yet, and “legacy” finance may be better equipped to co-opt or compete against such assets than people think. Banks have been toiling away at proprietary blockchain projects, such as JPMorgan’s JPM Coin, which could save money on payments. They are natural partners for central banks’ planned digital currencies, like the digital euro.</p>\n<p>Finally, a principle for regulators. They should take a balanced approach to financial innovation without letting systemic risks get out of hand. Crypto exchanges are better regulated than they used to be, and consumer warnings are issued frequently. But if Bitcoin became deeply embedded in the global financial system, the question would inevitably arise over what to do if an asset with no government backer crashed.</p>\n<p>When the music stopped for Citi and others in the 2007-2008&nbsp;financial crisis, central banks joined hands to throw the financial system multiple lifelines — helping&nbsp;spur the creation of Bitcoin itself. It would be&nbsp;a very odd look for the Bitcoin aristocracy to be bailed out by its arch-nemesis, central bank fiat money.</p>\n<p>Bitcoin is playing an irresistible tune, but for many in the corporate-finance world, the best dance right now should be baby steps.</p>\n<p>This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.</p>\n<p>Lionel Laurent is a Bloomberg Opinion columnist covering the European Union and France. He worked previously at Reuters and Forbes.</p>","source":"lsy1584095487587","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>Bitcoin’s $50,000 FOMO Is Overpowering Bankers</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\">\nBitcoin’s $50,000 FOMO Is Overpowering Bankers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloombergquint.com/gadfly/can-bitcoin-and-banks-mix-responsibly-the-dangers-of-taking-elon-musk-s-cue><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Fear Of Missing Out is rippling through business and finance. But not everyone can be Elon Musk.\n\nJPMorgan Chase & Co. traders are said to be “salivating” over Bitcoin. It’s easy to see why. The ...</p>\n\n<a href=\"https://www.bloombergquint.com/gadfly/can-bitcoin-and-banks-mix-responsibly-the-dangers-of-taking-elon-musk-s-cue\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloombergquint.com/gadfly/can-bitcoin-and-banks-mix-responsibly-the-dangers-of-taking-elon-musk-s-cue","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188127819","content_text":"The Fear Of Missing Out is rippling through business and finance. But not everyone can be Elon Musk.\n\nJPMorgan Chase & Co. traders are said to be “salivating” over Bitcoin. It’s easy to see why. The cryptocurrency’s price hasshot past $50,000, double where it was on Christmas Day, creating a powerful centrifugal force of excitement — and real money judging by crypto exchange Coinbase Inc.’sreportedprofit margins of 20%.\nNever mind that Bitcoin’s persistent flaws, from relatively slow transaction speeds to wild price swings, make it a poor store of value or medium of exchange. The promise of life-changing wealth during lockdown is a strong draw for eager punters. Beyond the memes, wealthy financiers and billionaires are loudly loading up on digital gold, drowning out any skeptical voices. Elon Musk’s Tesla Inc. hasplowed$1.5 billion into Bitcoin, and wealthy hedge-funders like Paul Tudor Jones and Stanley Druckenmiller are on board.\nIt’s hard to heed “boomer” warningscomparing the craze to 17th-century Dutch tulip maniawhen the likes of ARK Investment Management’s Cathie Wood areegging firms on to buy.\nNo wonder the world of “legacy” corporate finance is salivating. The mood echoes how Citigroup Inc.’s former boss Chuck Prince depicted the peak of the subprime bubble: “As long as the music is playing, you’ve got to get up and dance.” Nowadays it seems everyone is adding crypto to their dance card.\nMasterCard Inc.and Bank of New York Mellon Corp. have announced crypto plans, while JPMorgan Co-President Daniel Pinto says his bank will“get involved” eventually. Some investors say they’ve bought crypto while hating every minute of it — the very definition of the Fear of Missing Out.\nThe Bitcoin Aristocracy\nThere are over 8,000 addresses holding balances worth over $10 million\n\nHard as it is to resist crypto FOMO, it’s still worth thinking about rules of engagement and taking a careful approach. One principle might be to remind companies of their fiduciary duty to shareholders. Simply sticking Bitcoin on the balance sheet like Teslais apoorhedge, as its price tumbles in times of market stress have shown. It’s not a common medium of exchange either, with merchants amounting to an estimated 1% of crypto transactions between mid-2019 and mid-2020.\nMost companies with a dollar cost base selling goods other than luxury cars have no real need to hold a pile of cryptocurrencies. Copying Musk is for the brave — it only works if the price keeps going up. Corporations should stick to their financial lane, not swerve onto Tesla’s. Most investors prefer for excess cash to be reinvested in operations, returned or managed appropriately.\nFor bankers, acting as a broker for crypto clients could certainly fit into their job description. However, some caution is warranted here, too. Jean Dermine, a professor of banking at Insead, reckons Bitcoin touches on several areas of risk: operational risk, such as client identification and the potential for fraud; legal, especially with a decentralized global asset; and regulatory risk, given a history of lawsuits andgovernment crackdownsin the sector. And then there’s the need to protect consumers too.\nSo while trading Bitcoin might make business sense, the risks should make it expensive to do so, with high levels of loss-absorbing capital set aside to back it. Switzerland, for example, has reportedly guided toward aflat bank risk weightof 800% for Bitcoin. That helps explain why banks have so far kept one step removed from the asset, whether via futures or taking on crypto exchanges as clients.\nWhile treading cautiously on Bitcoin, banks would do well to take a more strategic approach tothe whole crypto landscape. The future of money hasn’t been decided yet, and “legacy” finance may be better equipped to co-opt or compete against such assets than people think. Banks have been toiling away at proprietary blockchain projects, such as JPMorgan’s JPM Coin, which could save money on payments. They are natural partners for central banks’ planned digital currencies, like the digital euro.\nFinally, a principle for regulators. They should take a balanced approach to financial innovation without letting systemic risks get out of hand. Crypto exchanges are better regulated than they used to be, and consumer warnings are issued frequently. But if Bitcoin became deeply embedded in the global financial system, the question would inevitably arise over what to do if an asset with no government backer crashed.\nWhen the music stopped for Citi and others in the 2007-2008 financial crisis, central banks joined hands to throw the financial system multiple lifelines — helping spur the creation of Bitcoin itself. It would be a very odd look for the Bitcoin aristocracy to be bailed out by its arch-nemesis, central bank fiat money.\nBitcoin is playing an irresistible tune, but for many in the corporate-finance world, the best dance right now should be baby steps.\nThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.\nLionel Laurent is a Bloomberg Opinion columnist covering the European Union and France. He worked previously at Reuters and Forbes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150615168,"gmtCreate":1624896109154,"gmtModify":1703847482650,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150615168","repostId":"1179320173","repostType":4,"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121800511,"gmtCreate":1624457740333,"gmtModify":1703837357505,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121800511","repostId":"1155993250","repostType":4,"isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360341545,"gmtCreate":1613846260987,"gmtModify":1704885470691,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360341545","repostId":"1194607255","repostType":4,"repost":{"id":"1194607255","pubTimestamp":1613728971,"share":"https://ttm.financial/m/news/1194607255?lang=&edition=fundamental","pubTime":"2021-02-19 18:02","market":"us","language":"en","title":"Uber drivers should be classified as workers not independent contractors, top UK court rules","url":"https://stock-news.laohu8.com/highlight/detail?id=1194607255","media":"cnbc","summary":"LONDON —Uberlost a crucial legal fight in the U.K. on Friday, as the country's Supreme Court upheld ","content":"<div>\n<p>LONDON —Uberlost a crucial legal fight in the U.K. on Friday, as the country's Supreme Court upheld a ruling that its drivers should be classified as workers rather than independent contractors.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/19/uk-supreme-court-rules-uber-drivers-are-workers-not-contractors.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Uber drivers should be classified as workers not independent contractors, top UK court rules</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\">\nUber drivers should be classified as workers not independent contractors, top UK court rules\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/19/uk-supreme-court-rules-uber-drivers-are-workers-not-contractors.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —Uberlost a crucial legal fight in the U.K. on Friday, as the country's Supreme Court upheld a ruling that its drivers should be classified as workers rather than independent contractors.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/19/uk-supreme-court-rules-uber-drivers-are-workers-not-contractors.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.cnbc.com/2021/02/19/uk-supreme-court-rules-uber-drivers-are-workers-not-contractors.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1194607255","content_text":"LONDON —Uberlost a crucial legal fight in the U.K. on Friday, as the country's Supreme Court upheld a ruling that its drivers should be classified as workers rather than independent contractors.\nThe verdict concludes an almost five-year legal battle between Uber and a group of former drivers who claim they were workers entitled to employment rights like a minimum wage, holiday pay and rest breaks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365088357,"gmtCreate":1614679239779,"gmtModify":1704773911052,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365088357","repostId":"1189836823","repostType":4,"repost":{"id":"1189836823","pubTimestamp":1614678500,"share":"https://ttm.financial/m/news/1189836823?lang=&edition=fundamental","pubTime":"2021-03-02 17:48","market":"hk","language":"en","title":"China's billionaires club swells as market rally offsets virus pain","url":"https://stock-news.laohu8.com/highlight/detail?id=1189836823","media":"AFP","summary":"More than 200 billionaires were created in China last year as booming stock markets and a flood of n","content":"<p>More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic, according to a global tally released Tuesday.</p>\n<p>The size of China's exclusive billionaire's club has almost doubled in the past five years as the world's number two economy continued to outpace most others, and its ability to mostly avoid the worst of the coronavirus meant it was one of the few to expand in 2020.</p>\n<p>And the Hurun Global Rich List showed 259 people breaking into the billion-dollar bracket - more than the rest of the world combined - taking China total to 1,058, the first country to break the 1,000 mark.</p>\n<p>In comparison, second best performer the United States saw 70 new billionaires created, taking its total to 696.</p>\n<p>Leading the Chinese pack was Zhong Shanshan of bottled water giant Nongfu, who entered the list for the first time with an US$85 billion fortune, putting him number one in Asia and into Hurun's global top 10. Mr Zhong, a former construction worker, made his cash following a US$1.1 billion initial public offering in Hong Kong last year.</p>\n<p>However, a clampdown on ecommerce giant Alibaba saw tycoon Jack Ma fall down the pecking order. The one-time darling of China's entrepreneurs has come under pressure from regulators, who have reigned in Alibaba and fintech arm Ant Group on anti-trust issues.</p>\n<p>Three individuals globally added more than US$50 billion in a single year, the survey found: Tesla's Elon Musk, Amazon's Jeff Bezos and Colin Huang of Pinduoduo, one of China's fastest-growing e-commerce players.</p>\n<p>Overall, China continues to lead the world's wealth creation, Hurun's report said, adding 490 new billionaires in the past five years compared with the 160 added in the US.</p>\n<p>Hurun Report chairman Rupert Hoogewerf said that even with the pandemic chaos, the past year saw the biggest wealth increase of the past decade due to new listings and booming stock markets.</p>\n<p>\"Asia has, for the first time in perhaps hundreds of years, more billionaires than the rest of the world combined,\" he added.</p>\n<p>The report also flagged a shift in Hong Kong, pointing out that the city's entrepreneurs are now being \"dwarfed\" by their counterparts in the mainland - only three Hong Kong tycoons make it into the China top 50.</p>\n<p>Six of the world's top 10 cities with the highest concentration of billionaires are now in China, with Beijing top of the heap for the sixth year running.</p>","source":"lsy1605843958005","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>China's billionaires club swells as market rally offsets virus pain</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; 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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\">\nChina's billionaires club swells as market rally offsets virus pain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-02 17:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/banking-finance/chinas-billionaires-club-swells-as-market-rally-offsets-virus-pain><strong>AFP</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic, according to a global tally released Tuesday.\n...</p>\n\n<a href=\"https://www.businesstimes.com.sg/banking-finance/chinas-billionaires-club-swells-as-market-rally-offsets-virus-pain\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.businesstimes.com.sg/banking-finance/chinas-billionaires-club-swells-as-market-rally-offsets-virus-pain","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189836823","content_text":"More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic, according to a global tally released Tuesday.\nThe size of China's exclusive billionaire's club has almost doubled in the past five years as the world's number two economy continued to outpace most others, and its ability to mostly avoid the worst of the coronavirus meant it was one of the few to expand in 2020.\nAnd the Hurun Global Rich List showed 259 people breaking into the billion-dollar bracket - more than the rest of the world combined - taking China total to 1,058, the first country to break the 1,000 mark.\nIn comparison, second best performer the United States saw 70 new billionaires created, taking its total to 696.\nLeading the Chinese pack was Zhong Shanshan of bottled water giant Nongfu, who entered the list for the first time with an US$85 billion fortune, putting him number one in Asia and into Hurun's global top 10. Mr Zhong, a former construction worker, made his cash following a US$1.1 billion initial public offering in Hong Kong last year.\nHowever, a clampdown on ecommerce giant Alibaba saw tycoon Jack Ma fall down the pecking order. The one-time darling of China's entrepreneurs has come under pressure from regulators, who have reigned in Alibaba and fintech arm Ant Group on anti-trust issues.\nThree individuals globally added more than US$50 billion in a single year, the survey found: Tesla's Elon Musk, Amazon's Jeff Bezos and Colin Huang of Pinduoduo, one of China's fastest-growing e-commerce players.\nOverall, China continues to lead the world's wealth creation, Hurun's report said, adding 490 new billionaires in the past five years compared with the 160 added in the US.\nHurun Report chairman Rupert Hoogewerf said that even with the pandemic chaos, the past year saw the biggest wealth increase of the past decade due to new listings and booming stock markets.\n\"Asia has, for the first time in perhaps hundreds of years, more billionaires than the rest of the world combined,\" he added.\nThe report also flagged a shift in Hong Kong, pointing out that the city's entrepreneurs are now being \"dwarfed\" by their counterparts in the mainland - only three Hong Kong tycoons make it into the China top 50.\nSix of the world's top 10 cities with the highest concentration of billionaires are now in China, with Beijing top of the heap for the sixth year running.","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385648527,"gmtCreate":1613549172369,"gmtModify":1704881872667,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Bull","listText":"Bull","text":"Bull","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385648527","repostId":"1184726502","repostType":4,"repost":{"id":"1184726502","pubTimestamp":1613542262,"share":"https://ttm.financial/m/news/1184726502?lang=&edition=fundamental","pubTime":"2021-02-17 14:11","market":"us","language":"en","title":"What signals the top of a bull market in stocks? Not rising interest rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1184726502","media":"MarketWatch","summary":"Treasury yields have risen sharply so far this year\nCHAPEL HILL, N.C. — Rising interest rates will n","content":"<p>Treasury yields have risen sharply so far this year</p>\n<p>CHAPEL HILL, N.C. — Rising interest rates will not be what sabotage this bull market.</p>\n<p>That’s crucial information, since interest rates have risen significantly over the last six months, and especially over the last couple of weeks. The 10-year Treasury yield&nbsp;has more than doubled from where it stood last August, for example, from 0.52% to its current 1.20%. A big chunk of that increase—27 basis points—have come just since the beginning of the year.</p>\n<p>I am revisiting this topic since many readers apparently weren’t convinced by my&nbsp;column earlier this month that there is no historical correlation between interest rates and stock-market returns.As some of you pointed out, that column focused on summary patterns that emerge when analyzing all data back to the 1920s. That is different than focusing on interest-rate trends at bull-market tops in particular. That’s what I am focusing on in this column.</p>\n<p>Since 1962, which is how far back my database for the 10-year Treasury yield extends, there have been 17 bear markets, according to the calendar maintained by Ned Davis Research. In 10 of those 17 cases, the 10-year Treasury yield when those bear market began was actually<i>lower</i>than where it had stood three months prior. In other words, in more than half of the bear markets the 10-year yield had fallen over the last three months of the preceding bull markets.</p>\n<p>You shouldn’t conclude from this result that a bear market can’t happen unless interest rates are declining, however. Notice that in seven of these 17 bear markets, interest rates rose over the three months preceding the beginnings of those bear markets. The appropriate conclusion to draw is that interest-rate trends are an unreliable guide to when bull markets will come to an end.</p>\n<p><b>What about the Fed Funds rate?</b></p>\n<p>This conclusion runs so counter to what we’re been repeatedly told over the years that I wanted to double-check it by focusing on the Federal Funds rate. This is the short-term rate that is directly set by the Federal Reserve’s Open Market Committee, and some analysts over the years have believed that it is the interest rate to which stock market investors should pay closest attention. According to Edson Gould’s famous “three steps and a stumble rule,” for example, the stock market will decline (“stumble”) after three consecutive interest rate hikes (“three steps”) from the Federal Reserve.</p>\n<p>Gould, of course, was one of the most famous technical analysts of the 1960s and 1970s. Nevertheless, however much validity his rule may have had in prior decades, it hasn’t worked since the early 1980s. That’s when the Federal Reserve shifted its policy-setting stance to targeting the Fed Funds rate; before hat it focused on M1 money supply. At the top of seven of the nine bull markets since then, the most recent change in the Fed Funds rate was a cut—not an increase.</p>\n<p>I have no idea whether the current bull market is close to an end. But I would note that the most recent move in the Federal Funds rate was last March, when the Fed cut it by a full percentage point.</p>\n<p>The bottom line? Don’t look to interest rate trends for when the bull market will come to an end.</p>\n<p>This doesn’t mean that happy days are here again, let me hasten to add. Just because rising interest rates are not the concern that many think them to be doesn’t mean there aren’t plenty of other worries. There most definitely are,with overvaluation at the top of the list.</p>","source":"market_watch","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> What signals the top of a bull market in stocks? Not rising interest rates</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\">\n What signals the top of a bull market in stocks? Not rising interest rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-17 14:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/what-signals-the-top-of-a-bull-market-in-stocks-not-rising-interest-rates-11613490352?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Treasury yields have risen sharply so far this year\nCHAPEL HILL, N.C. — Rising interest rates will not be what sabotage this bull market.\nThat’s crucial information, since interest rates have risen ...</p>\n\n<a href=\"https://www.marketwatch.com/story/what-signals-the-top-of-a-bull-market-in-stocks-not-rising-interest-rates-11613490352?mod=home-page\">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",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/what-signals-the-top-of-a-bull-market-in-stocks-not-rising-interest-rates-11613490352?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184726502","content_text":"Treasury yields have risen sharply so far this year\nCHAPEL HILL, N.C. — Rising interest rates will not be what sabotage this bull market.\nThat’s crucial information, since interest rates have risen significantly over the last six months, and especially over the last couple of weeks. The 10-year Treasury yield has more than doubled from where it stood last August, for example, from 0.52% to its current 1.20%. A big chunk of that increase—27 basis points—have come just since the beginning of the year.\nI am revisiting this topic since many readers apparently weren’t convinced by my column earlier this month that there is no historical correlation between interest rates and stock-market returns.As some of you pointed out, that column focused on summary patterns that emerge when analyzing all data back to the 1920s. That is different than focusing on interest-rate trends at bull-market tops in particular. That’s what I am focusing on in this column.\nSince 1962, which is how far back my database for the 10-year Treasury yield extends, there have been 17 bear markets, according to the calendar maintained by Ned Davis Research. In 10 of those 17 cases, the 10-year Treasury yield when those bear market began was actuallylowerthan where it had stood three months prior. In other words, in more than half of the bear markets the 10-year yield had fallen over the last three months of the preceding bull markets.\nYou shouldn’t conclude from this result that a bear market can’t happen unless interest rates are declining, however. Notice that in seven of these 17 bear markets, interest rates rose over the three months preceding the beginnings of those bear markets. The appropriate conclusion to draw is that interest-rate trends are an unreliable guide to when bull markets will come to an end.\nWhat about the Fed Funds rate?\nThis conclusion runs so counter to what we’re been repeatedly told over the years that I wanted to double-check it by focusing on the Federal Funds rate. This is the short-term rate that is directly set by the Federal Reserve’s Open Market Committee, and some analysts over the years have believed that it is the interest rate to which stock market investors should pay closest attention. According to Edson Gould’s famous “three steps and a stumble rule,” for example, the stock market will decline (“stumble”) after three consecutive interest rate hikes (“three steps”) from the Federal Reserve.\nGould, of course, was one of the most famous technical analysts of the 1960s and 1970s. Nevertheless, however much validity his rule may have had in prior decades, it hasn’t worked since the early 1980s. That’s when the Federal Reserve shifted its policy-setting stance to targeting the Fed Funds rate; before hat it focused on M1 money supply. At the top of seven of the nine bull markets since then, the most recent change in the Fed Funds rate was a cut—not an increase.\nI have no idea whether the current bull market is close to an end. But I would note that the most recent move in the Federal Funds rate was last March, when the Fed cut it by a full percentage point.\nThe bottom line? Don’t look to interest rate trends for when the bull market will come to an end.\nThis doesn’t mean that happy days are here again, let me hasten to add. Just because rising interest rates are not the concern that many think them to be doesn’t mean there aren’t plenty of other worries. There most definitely are,with overvaluation at the top of the list.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158024422,"gmtCreate":1625115209166,"gmtModify":1703736471955,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158024422","repostId":"1129431555","repostType":4,"repost":{"id":"1129431555","pubTimestamp":1625108041,"share":"https://ttm.financial/m/news/1129431555?lang=&edition=fundamental","pubTime":"2021-07-01 10:54","market":"us","language":"en","title":"Acumen Pharmaceuticals Pursues $125 Million IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1129431555","media":"seekingalpha","summary":"Summary\n\nAcumen Pharmaceuticals has filed proposed terms for a $125 million IPO.\nThe firm is develop","content":"<p><b>Summary</b></p>\n<ul>\n <li>Acumen Pharmaceuticals has filed proposed terms for a $125 million IPO.</li>\n <li>The firm is developing a treatment for Alzheimer's Disease.</li>\n <li>ABOS is researching a notoriously difficult area, so the IPO is extremely high risk; I'll watch it from the sidelines.</li>\n</ul>\n<p><b>Quick Take</b></p>\n<p>Acumen Pharmaceuticals (ABOS) has filed to raise $125 million in an IPO of its common stock, according to an S-1/Aregistration statement.</p>\n<p>The firm is a clinical stage biopharma developing a treatment candidate for patients with Alzheimer's disease [AD].</p>\n<p>ABOS is operating in a notoriously difficult research area so its chances for meaningful success are extremely low.</p>\n<p>I'll pass on the IPO.</p>\n<p><b>Company &amp; Technology</b></p>\n<p>Charlottesville, Virginia-based Acumen was founded to develop a treatment focused on amyloid-beta oligomers, or ABOS, which management believes are the most toxic form of amyloid-beta.</p>\n<p>Management is headed by president and CEO Daniel O'Connell, who has been with the firm since 2014 and was previously co-founder and CEO of Functional NeuroModulation Ltd.</p>\n<p>The firm's primary candidate, ACU193, just started its Phase 1 safety trial with patients with mild dementia or mild cognitive impairment.</p>\n<p>ABOS expects Phase 1 data to be published not until sometime in 2022.</p>\n<p>Investors in the firm have invested at least $57 million in equity investment and include RA Capital Management, PBM Capital, Robert Hardie, Sands Capital Management, James Murray Jr. and Knollwood Investment.</p>\n<p><b>Market &amp; Competition</b></p>\n<p>According to a 2020 marketresearch reportby Market Insight Reports, the global market for Alzheimer's Disease was an estimated $2.9 billion in 2018 and is expected to reach $10.5 billion by 2025.</p>\n<p>This represents a forecast CAGR (Compound Annual Growth Rate) of 17.5% from 2019 to 2025.</p>\n<p>Key elements driving this expected growth are the aging global population and increasing incidence of Alzheimer's and related dementia diseases.</p>\n<p>Also, there are numerous early stage through major pharmaceutical firms developing treatments in the difficult to succeed area.</p>\n<p>Major competitive vendors that provide or are developing related treatments include:</p>\n<ul>\n <li>Alzheon</li>\n <li>Alzinova</li>\n <li>Chugai Pharmaceuticals</li>\n <li>Cognition Therapeutics</li>\n <li>Eisai</li>\n <li>Eli Lilly</li>\n <li>Grifols</li>\n <li>KalGene Pharmaceuticals</li>\n <li>Neurimmune AG</li>\n <li>Wren Therapeutics</li>\n <li>AbbVie</li>\n <li>Johnson &amp; Johnson</li>\n <li>Others</li>\n</ul>\n<p><b>Financial Status</b></p>\n<p>Acumen's recent financial results are typical of an early stage biopharma firm in that they feature little revenue and significant R&amp;D and G&amp;A expenses associated with its development efforts.</p>\n<p>Below are the company's financial results for the past two and 1/4 years:</p>\n<p><img src=\"https://static.tigerbbs.com/ab335118be71a46f461cc9c10b58da47\" tg-width=\"1280\" tg-height=\"817\" referrerpolicy=\"no-referrer\"></p>\n<p>As of March 31, 2021, the company had $41.4 million in cash and $31.2 million in total liabilities.</p>\n<p><b>IPO Details</b></p>\n<p>Acumen intends to raise $125 million in gross proceeds from an IPO of its common stock, offering 8.3 million shares at $15.00 per share.</p>\n<p>No existing shareholders have indicated an interest to purchase shares at the IPO price.</p>\n<p>Assuming a successful IPO, the company's enterprise value at IPO (ex. underwriter options) would approximate $370.6 million, excluding the effects of underwriter over-allotment options.</p>\n<p>Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 22.53%.</p>\n<p>Management says it will use the net proceeds from the IPO as follows:</p>\n<blockquote>\n <ul>\n  <li>approximately $75.0 million to fund the completion of our ongoing Phase 1 clinical trial of ACU193 and, subject to the successful completion of that trial, the Phase 2 portion of a future Phase 2/3 adaptive trial of ACU193;</li>\n  <li>approximately $30.0 million to fund chemistry, manufacturing and other research and development activities; and</li>\n  <li>the remainder for working capital and other general corporate purposes.</li>\n </ul>\n</blockquote>\n<p>Management's presentation of the company roadshow isavailable here.</p>\n<p>Listed bookrunners of the IPO are BofA Securities, Credit Suisse, Stifel and UBS Investment Bank.</p>\n<p><b>Commentary</b></p>\n<p>Acumen is seeking public capital market funding to advance its sole product through clinical trials.</p>\n<p>The firm's lead candidate, ACU193, recently started its Phase 1 safety trial with patients with mild dementia or mild cognitive impairment. ABOS expects Phase 1 data to be published not until sometime in 2022 at the earliest.</p>\n<p>The market opportunity for treating Alzheimer's disease is large and expected to grow substantially due to an aging global population. The number of Baby Boomers retiring in the U.S. is estimated at 10,000 each day.</p>\n<p>Management has disclosed no major pharma firm collaboration agreements.</p>\n<p>The company's investor syndicate does not include any mainline life science venture capital firms, although it does include RA Capital Management, a frequent investor in life science firms.</p>\n<p>BofA Securities is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 42.9% since their IPO. This is a top-tier performance for all major underwriters during the period.</p>\n<p>As for valuation, management is asking IPO investors to pay an Enterprise Value of approximately $371 million, in the middle of the typical range for clinical biopharma firms at IPO.</p>\n<p>I'm leery of neurological life science firms, especially those operating in the dementia related spaces such as Alzheimer's as these areas have proven exceedingly difficult for even deep-pocketed major pharma firms to make any progress in.</p>\n<p>While I wish the firm well, I'll watch the IPO from the sidelines.</p>\n<p>Expected IPO Pricing Date: June 30, 2021</p>","source":"seekingalpha","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>Acumen Pharmaceuticals Pursues $125 Million IPO</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\">\nAcumen Pharmaceuticals Pursues $125 Million IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 10:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437332-acumen-pharmaceuticals-pursues-125-million-ipo><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAcumen Pharmaceuticals has filed proposed terms for a $125 million IPO.\nThe firm is developing a treatment for Alzheimer's Disease.\nABOS is researching a notoriously difficult area, so the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437332-acumen-pharmaceuticals-pursues-125-million-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ABOS":"Acumen Pharmaceuticals, Inc."},"source_url":"https://seekingalpha.com/article/4437332-acumen-pharmaceuticals-pursues-125-million-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1129431555","content_text":"Summary\n\nAcumen Pharmaceuticals has filed proposed terms for a $125 million IPO.\nThe firm is developing a treatment for Alzheimer's Disease.\nABOS is researching a notoriously difficult area, so the IPO is extremely high risk; I'll watch it from the sidelines.\n\nQuick Take\nAcumen Pharmaceuticals (ABOS) has filed to raise $125 million in an IPO of its common stock, according to an S-1/Aregistration statement.\nThe firm is a clinical stage biopharma developing a treatment candidate for patients with Alzheimer's disease [AD].\nABOS is operating in a notoriously difficult research area so its chances for meaningful success are extremely low.\nI'll pass on the IPO.\nCompany & Technology\nCharlottesville, Virginia-based Acumen was founded to develop a treatment focused on amyloid-beta oligomers, or ABOS, which management believes are the most toxic form of amyloid-beta.\nManagement is headed by president and CEO Daniel O'Connell, who has been with the firm since 2014 and was previously co-founder and CEO of Functional NeuroModulation Ltd.\nThe firm's primary candidate, ACU193, just started its Phase 1 safety trial with patients with mild dementia or mild cognitive impairment.\nABOS expects Phase 1 data to be published not until sometime in 2022.\nInvestors in the firm have invested at least $57 million in equity investment and include RA Capital Management, PBM Capital, Robert Hardie, Sands Capital Management, James Murray Jr. and Knollwood Investment.\nMarket & Competition\nAccording to a 2020 marketresearch reportby Market Insight Reports, the global market for Alzheimer's Disease was an estimated $2.9 billion in 2018 and is expected to reach $10.5 billion by 2025.\nThis represents a forecast CAGR (Compound Annual Growth Rate) of 17.5% from 2019 to 2025.\nKey elements driving this expected growth are the aging global population and increasing incidence of Alzheimer's and related dementia diseases.\nAlso, there are numerous early stage through major pharmaceutical firms developing treatments in the difficult to succeed area.\nMajor competitive vendors that provide or are developing related treatments include:\n\nAlzheon\nAlzinova\nChugai Pharmaceuticals\nCognition Therapeutics\nEisai\nEli Lilly\nGrifols\nKalGene Pharmaceuticals\nNeurimmune AG\nWren Therapeutics\nAbbVie\nJohnson & Johnson\nOthers\n\nFinancial Status\nAcumen's recent financial results are typical of an early stage biopharma firm in that they feature little revenue and significant R&D and G&A expenses associated with its development efforts.\nBelow are the company's financial results for the past two and 1/4 years:\n\nAs of March 31, 2021, the company had $41.4 million in cash and $31.2 million in total liabilities.\nIPO Details\nAcumen intends to raise $125 million in gross proceeds from an IPO of its common stock, offering 8.3 million shares at $15.00 per share.\nNo existing shareholders have indicated an interest to purchase shares at the IPO price.\nAssuming a successful IPO, the company's enterprise value at IPO (ex. underwriter options) would approximate $370.6 million, excluding the effects of underwriter over-allotment options.\nExcluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 22.53%.\nManagement says it will use the net proceeds from the IPO as follows:\n\n\napproximately $75.0 million to fund the completion of our ongoing Phase 1 clinical trial of ACU193 and, subject to the successful completion of that trial, the Phase 2 portion of a future Phase 2/3 adaptive trial of ACU193;\napproximately $30.0 million to fund chemistry, manufacturing and other research and development activities; and\nthe remainder for working capital and other general corporate purposes.\n\n\nManagement's presentation of the company roadshow isavailable here.\nListed bookrunners of the IPO are BofA Securities, Credit Suisse, Stifel and UBS Investment Bank.\nCommentary\nAcumen is seeking public capital market funding to advance its sole product through clinical trials.\nThe firm's lead candidate, ACU193, recently started its Phase 1 safety trial with patients with mild dementia or mild cognitive impairment. ABOS expects Phase 1 data to be published not until sometime in 2022 at the earliest.\nThe market opportunity for treating Alzheimer's disease is large and expected to grow substantially due to an aging global population. The number of Baby Boomers retiring in the U.S. is estimated at 10,000 each day.\nManagement has disclosed no major pharma firm collaboration agreements.\nThe company's investor syndicate does not include any mainline life science venture capital firms, although it does include RA Capital Management, a frequent investor in life science firms.\nBofA Securities is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 42.9% since their IPO. This is a top-tier performance for all major underwriters during the period.\nAs for valuation, management is asking IPO investors to pay an Enterprise Value of approximately $371 million, in the middle of the typical range for clinical biopharma firms at IPO.\nI'm leery of neurological life science firms, especially those operating in the dementia related spaces such as Alzheimer's as these areas have proven exceedingly difficult for even deep-pocketed major pharma firms to make any progress in.\nWhile I wish the firm well, I'll watch the IPO from the sidelines.\nExpected IPO Pricing Date: June 30, 2021","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364287479,"gmtCreate":1614855772191,"gmtModify":1704776081976,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Goodn&nbsp;","listText":"Goodn&nbsp;","text":"Goodn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364287479","repostId":"1177763037","repostType":4,"repost":{"id":"1177763037","pubTimestamp":1614845960,"share":"https://ttm.financial/m/news/1177763037?lang=&edition=fundamental","pubTime":"2021-03-04 16:19","market":"us","language":"en","title":"3 Stocks Ready to Bounce Back in March","url":"https://stock-news.laohu8.com/highlight/detail?id=1177763037","media":"Motley Fool","summary":"Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares ofPeloto","content":"<p>Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares of<b>Peloton Interactive</b>&nbsp;(NASDAQ:PTON),<b>Zoom Video Communications</b>&nbsp;(NASDAQ:ZM), and<b>Tesla</b>&nbsp;(NASDAQ:TSLA)were market darlings just a couple of weeks ago. Sentiment has turned in the recent market correction, and all three of them are now trading at least 20% below their all-time highs.</p>\n<p>It won't always be that way. All three have the right ingredients to get back on track. Let's see why this trio of stocks can hit fresh highs later this year, thumping the market yet again in the process.</p>\n<p>1. Peloton Interactive</p>\n<p>The first two names have a lot in common. Peloton and Zoom Video became poster children of the new normal during the early stages of the pandemic, only to be discarded when the COVID-19 vaccines started hitting the market. Let's take Peloton for a spin first.</p>\n<p>Peloton exploded as the high-end fitness platform at home. Its treadmills became the worthy substitute to fitness center workouts. Its even more popular stationary bikes replaced local spinning class boutiques.</p>\n<p>Growth has been tremendous. Peloton connected fitness subscribers have soared 134% to 1.67 million members. Its cheaper digital subscriptions for folks that lack Peloton hardware is a much smaller business, but it's growing even faster. Peloton's now topping $1 billion in revenue every quarter, and it's not done working up a sweat.</p>\n<p>Peloton isn't going anywhere once the public health crisis abates, largely because this was one pandemic play that legitimately improved on the original it was replacing. Peloton's interactive sessions are convenient and productive. The proof is in the pudding. Investors may have rotated out of Peloton shares; the stock is 31% off of January's peak. But workout seekers see things differently. Demand continues to outstrip supply even with vaccines on the market. The order backlog is still several weeks for new orders.</p>\n<p>2. Zoom</p>\n<p>Tuesday was -- well --weird for Zoom stock. The videoconferencing speedster opened 7% higher after serving up a monster quarter, only to shed 15% of its value throughout the trading day to close Tuesday out with a 9% decline.</p>\n<p>Results for its fiscal fourth quarter were stellar. Revenue skyrocketed 369% to hit $882.5 million. If you think that's a big number, adjusted operating income and earnings per share soared 840% and 713%, respectively.</p>\n<p>Growth will undeniably decelerate at this point. Zoom issued guidance for the new fiscal 2022 year, and it sees revenue climbing 42% to $3.77 billion, with adjusted earnings rising a modest 8% to $3.62 a share. If Zoom's guidance sounds like a good reason to dump the stock, keep in mind that before the report analysts were expecting Zoom to earn less than $3 a share in the new fiscal year. It's not going away post-pandemic. Zoom is part of our lives now, and the stock's a bargain at a 37% discount to its October high-water mark.</p>\n<p>3. Tesla</p>\n<p>Investors are allowed to change their minds -- and their wheels. In January, I singled Tesla out asa stock to avoid. A month later, I finally owned my first Tesla vehicle and became a shareholder for the first time.</p>\n<p>\"Tesla isn't going to relinquish its pole position in the ascending electric vehicle market,\" I argued in late January. \"It will keep making its mark, and the revolution is real. The $837 billion market cap is what worries me here.\"</p>\n<p>Tesla's market cap had peaked at $864 million two days earlier when its shares briefly topped the $900 mark. The stock is trading 24% lower as of Tuesday's close.</p>\n<p>Legacy automakers are making big moves in going electric, and there are potential new entrants in this niche that bear watching. The problem for them is that they're not Tesla. They lack the full self-driving tech where a car can literally drive itself from a freeway onramp to the desired exit. They lack the proprietary network of more than 20,000 Supercharger stations to eat away at range anxiety.</p>\n<p>Tesla turned profitable in 2020 and posted a 6.3% operating margin. It produced and delivered a half million cars. The more economical Model 3 and Model Y are driving the surge in volume, but earlier this year Tesla updated its higher-end cars. Some might still not consider Tesla a bargain with its $659 billion market cap, but momentum is on its side.</p>\n<p>Peloton, Zoom, and Tesla are down, but they're not out. All three stocks should bounce back in March and beyond.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks Ready to Bounce Back in March</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\">\n3 Stocks Ready to Bounce Back in March\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-04 16:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/03/3-stocks-ready-to-bounce-back-in-march/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares ofPeloton Interactive (NASDAQ:PTON),Zoom Video Communications (NASDAQ:ZM), andTesla (NASDAQ:TSLA)were market...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/03/3-stocks-ready-to-bounce-back-in-march/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc.","ZM":"Zoom","TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/03/03/3-stocks-ready-to-bounce-back-in-march/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177763037","content_text":"Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares ofPeloton Interactive (NASDAQ:PTON),Zoom Video Communications (NASDAQ:ZM), andTesla (NASDAQ:TSLA)were market darlings just a couple of weeks ago. Sentiment has turned in the recent market correction, and all three of them are now trading at least 20% below their all-time highs.\nIt won't always be that way. All three have the right ingredients to get back on track. Let's see why this trio of stocks can hit fresh highs later this year, thumping the market yet again in the process.\n1. Peloton Interactive\nThe first two names have a lot in common. Peloton and Zoom Video became poster children of the new normal during the early stages of the pandemic, only to be discarded when the COVID-19 vaccines started hitting the market. Let's take Peloton for a spin first.\nPeloton exploded as the high-end fitness platform at home. Its treadmills became the worthy substitute to fitness center workouts. Its even more popular stationary bikes replaced local spinning class boutiques.\nGrowth has been tremendous. Peloton connected fitness subscribers have soared 134% to 1.67 million members. Its cheaper digital subscriptions for folks that lack Peloton hardware is a much smaller business, but it's growing even faster. Peloton's now topping $1 billion in revenue every quarter, and it's not done working up a sweat.\nPeloton isn't going anywhere once the public health crisis abates, largely because this was one pandemic play that legitimately improved on the original it was replacing. Peloton's interactive sessions are convenient and productive. The proof is in the pudding. Investors may have rotated out of Peloton shares; the stock is 31% off of January's peak. But workout seekers see things differently. Demand continues to outstrip supply even with vaccines on the market. The order backlog is still several weeks for new orders.\n2. Zoom\nTuesday was -- well --weird for Zoom stock. The videoconferencing speedster opened 7% higher after serving up a monster quarter, only to shed 15% of its value throughout the trading day to close Tuesday out with a 9% decline.\nResults for its fiscal fourth quarter were stellar. Revenue skyrocketed 369% to hit $882.5 million. If you think that's a big number, adjusted operating income and earnings per share soared 840% and 713%, respectively.\nGrowth will undeniably decelerate at this point. Zoom issued guidance for the new fiscal 2022 year, and it sees revenue climbing 42% to $3.77 billion, with adjusted earnings rising a modest 8% to $3.62 a share. If Zoom's guidance sounds like a good reason to dump the stock, keep in mind that before the report analysts were expecting Zoom to earn less than $3 a share in the new fiscal year. It's not going away post-pandemic. Zoom is part of our lives now, and the stock's a bargain at a 37% discount to its October high-water mark.\n3. Tesla\nInvestors are allowed to change their minds -- and their wheels. In January, I singled Tesla out asa stock to avoid. A month later, I finally owned my first Tesla vehicle and became a shareholder for the first time.\n\"Tesla isn't going to relinquish its pole position in the ascending electric vehicle market,\" I argued in late January. \"It will keep making its mark, and the revolution is real. The $837 billion market cap is what worries me here.\"\nTesla's market cap had peaked at $864 million two days earlier when its shares briefly topped the $900 mark. The stock is trading 24% lower as of Tuesday's close.\nLegacy automakers are making big moves in going electric, and there are potential new entrants in this niche that bear watching. The problem for them is that they're not Tesla. They lack the full self-driving tech where a car can literally drive itself from a freeway onramp to the desired exit. They lack the proprietary network of more than 20,000 Supercharger stations to eat away at range anxiety.\nTesla turned profitable in 2020 and posted a 6.3% operating margin. It produced and delivered a half million cars. The more economical Model 3 and Model Y are driving the surge in volume, but earlier this year Tesla updated its higher-end cars. Some might still not consider Tesla a bargain with its $659 billion market cap, but momentum is on its side.\nPeloton, Zoom, and Tesla are down, but they're not out. All three stocks should bounce back in March and beyond.","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360286597,"gmtCreate":1613926309219,"gmtModify":1704885969098,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360286597","repostId":"2112813890","repostType":4,"repost":{"id":"2112813890","pubTimestamp":1613693803,"share":"https://ttm.financial/m/news/2112813890?lang=&edition=fundamental","pubTime":"2021-02-19 08:16","market":"us","language":"en","title":"Former Disney Executives Turn Into L.A.’s Hottest Dealmakers","url":"https://stock-news.laohu8.com/highlight/detail?id=2112813890","media":"Bloomberg","summary":"(Bloomberg) -- Kevin Mayer and Tom Staggs, who were both once in line to lead Walt Disney Co., are e","content":"<p>(Bloomberg) -- Kevin Mayer and Tom Staggs, who were both once in line to lead Walt Disney Co., are emerging as two of the busiest dealmakers in Los Angeles.</p>\n<p>They filed papers Thursday to raise as much as $345 million for Forest Road Acquisition II, their second special purpose acquisition company, or SPAC, which will be looking at businesses to buy. On Feb. 10, the original <a href=\"https://laohu8.com/S/FRX.U\">Forest Road Acquisition Corp.</a> announced that it was merging with two fitness companies to create Beachbody Co., a wellness company with a market value of $2.9 billion.</p>\n<p>Mayer, 58, and Staggs, 60, are also attempting to raise $2 billion from Blackstone Group Inc. to acquire other entertainment businesses, including music impresario Scooter Braun’s Ithaca Holdings and TV producer Ben Silverman’s Propagate Content, according to people familiar with their thinking.</p>\n<p>The pair, who will serve as co-chairman and co-chief executive officers of the new venture, plan to acquire businesses involved in music, film and TV production, managing artists and developing influencers in the worlds of sports and entertainment.</p>\n<p>The Hollywood Reporter reported earlier this week on those plans.</p>\n<p>Staggs, formerly the chief operating officer at Disney, left four years ago after being told he wasn’t likely get the top job. He had been serving on the boards of businesses making fitness and environmental products, while mulling some more high-profile entertainment jobs. He didn’t enter the public eye in a big way again until joining with Mayer in October to form the first Forest Road. Basketball star and commentator Shaquille O’Neal also joined the company as a strategic adviser.</p>\n<p>Once obscure vehicles for taking companies public, SPACs soared to record levels last year, accounting for 46% of the $180 billion raised in initial public offerings on U.S. exchanges, according to data compiled by Bloomberg. This year, SPACs are dominating new listings, making up 63% of $76 billion in IPO volume, the data show.</p>\n<p>Mayer led the launch of Disney’s phenomenally successful Disney+ streaming service, before being passed over for the CEO position last February. He briefly took on that role at social media giant TikTok -- the source of ire for then-President Donald Trump because of its ties to China -- before leaving the company in August.</p>\n<p>“We’re doing some other stuff we’re looking at some other things,” Mayer said during an interview on Bloomberg Television after the Beachbody deal this month. “There may be future announcements to make,” he said with a smile.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Former Disney Executives Turn Into L.A.’s Hottest Dealmakers</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\">\nFormer Disney Executives Turn Into L.A.’s Hottest Dealmakers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 08:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/former-disney-executives-turn-l-001643339.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Kevin Mayer and Tom Staggs, who were both once in line to lead Walt Disney Co., are emerging as two of the busiest dealmakers in Los Angeles.\nThey filed papers Thursday to raise as much...</p>\n\n<a href=\"https://finance.yahoo.com/news/former-disney-executives-turn-l-001643339.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://finance.yahoo.com/news/former-disney-executives-turn-l-001643339.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2112813890","content_text":"(Bloomberg) -- Kevin Mayer and Tom Staggs, who were both once in line to lead Walt Disney Co., are emerging as two of the busiest dealmakers in Los Angeles.\nThey filed papers Thursday to raise as much as $345 million for Forest Road Acquisition II, their second special purpose acquisition company, or SPAC, which will be looking at businesses to buy. On Feb. 10, the original Forest Road Acquisition Corp. announced that it was merging with two fitness companies to create Beachbody Co., a wellness company with a market value of $2.9 billion.\nMayer, 58, and Staggs, 60, are also attempting to raise $2 billion from Blackstone Group Inc. to acquire other entertainment businesses, including music impresario Scooter Braun’s Ithaca Holdings and TV producer Ben Silverman’s Propagate Content, according to people familiar with their thinking.\nThe pair, who will serve as co-chairman and co-chief executive officers of the new venture, plan to acquire businesses involved in music, film and TV production, managing artists and developing influencers in the worlds of sports and entertainment.\nThe Hollywood Reporter reported earlier this week on those plans.\nStaggs, formerly the chief operating officer at Disney, left four years ago after being told he wasn’t likely get the top job. He had been serving on the boards of businesses making fitness and environmental products, while mulling some more high-profile entertainment jobs. He didn’t enter the public eye in a big way again until joining with Mayer in October to form the first Forest Road. Basketball star and commentator Shaquille O’Neal also joined the company as a strategic adviser.\nOnce obscure vehicles for taking companies public, SPACs soared to record levels last year, accounting for 46% of the $180 billion raised in initial public offerings on U.S. exchanges, according to data compiled by Bloomberg. This year, SPACs are dominating new listings, making up 63% of $76 billion in IPO volume, the data show.\nMayer led the launch of Disney’s phenomenally successful Disney+ streaming service, before being passed over for the CEO position last February. He briefly took on that role at social media giant TikTok -- the source of ire for then-President Donald Trump because of its ties to China -- before leaving the company in August.\n“We’re doing some other stuff we’re looking at some other things,” Mayer said during an interview on Bloomberg Television after the Beachbody deal this month. “There may be future announcements to make,” he said with a smile.","news_type":1},"isVote":1,"tweetType":1,"viewCount":73,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387397899,"gmtCreate":1613719264311,"gmtModify":1704884035441,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387397899","repostId":"1137053250","repostType":4,"repost":{"id":"1137053250","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1613716832,"share":"https://ttm.financial/m/news/1137053250?lang=&edition=fundamental","pubTime":"2021-02-19 14:40","market":"fut","language":"en","title":"Goldman Sachs sees minimal oil price impact from Texas freeze","url":"https://stock-news.laohu8.com/highlight/detail?id=1137053250","media":"Reuters","summary":"Feb 19 (Reuters) - A deep freeze in Texas that has brought power outages and shut refineries and pip","content":"<p>Feb 19 (Reuters) - A deep freeze in Texas that has brought power outages and shut refineries and pipelines will have only a small and transitory impact on the global oil market, Goldman Sachs said in a note.</p><p>Oil prices slid by up to 2% on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise.</p><p>Texas’s energy outages extended into a sixth day on Thursday, with the impact of reduced supplies from the biggest energy-producing state in the United States spilling over to neighbouring Mexico.</p><p>The bank estimates an average decline of 700,000 barrels per day (bpd) in February production of U.S. Lower-48 onshore crude, seeing a quick output rebound on expectations of warmer weather this weekend.</p><p>“While the gross impacts on supply and demand are large, they are mostly offsetting, and even more importantly, transitory, resulting in minimal implications for global oil prices, leaving risks to a further reversal of this week’s rally,” it said in Thursday’s note.</p><p>Goldman estimates, on the demand side, industrial and shale downtime will reduce refinery gas by 50,000 bpd and diesel consumption by 150,000 bpd, while blocked roads and canceled flights will limit road gasoline demand by 250,000 bpd and jet fuel demand by 60,000 bpd.</p><p>Low temperatures and power outages should fuel heating demand for LPG by 80,000 bpd and for diesel powered generators by 200,000 bpd, however, it said.</p><p>Since oil refineries are potentially worse prepared for uniquely cold weather than seasonal storms, that could leave risks to the downside to even more prolonged refining downtime, it added. (Reporting by Sumita Layek in Bengaluru; Editing by Clarence Fernandez)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs sees minimal oil price impact from Texas freeze</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\">\nGoldman Sachs sees minimal oil price impact from Texas freeze\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-19 14:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Feb 19 (Reuters) - A deep freeze in Texas that has brought power outages and shut refineries and pipelines will have only a small and transitory impact on the global oil market, Goldman Sachs said in a note.</p><p>Oil prices slid by up to 2% on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise.</p><p>Texas’s energy outages extended into a sixth day on Thursday, with the impact of reduced supplies from the biggest energy-producing state in the United States spilling over to neighbouring Mexico.</p><p>The bank estimates an average decline of 700,000 barrels per day (bpd) in February production of U.S. Lower-48 onshore crude, seeing a quick output rebound on expectations of warmer weather this weekend.</p><p>“While the gross impacts on supply and demand are large, they are mostly offsetting, and even more importantly, transitory, resulting in minimal implications for global oil prices, leaving risks to a further reversal of this week’s rally,” it said in Thursday’s note.</p><p>Goldman estimates, on the demand side, industrial and shale downtime will reduce refinery gas by 50,000 bpd and diesel consumption by 150,000 bpd, while blocked roads and canceled flights will limit road gasoline demand by 250,000 bpd and jet fuel demand by 60,000 bpd.</p><p>Low temperatures and power outages should fuel heating demand for LPG by 80,000 bpd and for diesel powered generators by 200,000 bpd, however, it said.</p><p>Since oil refineries are potentially worse prepared for uniquely cold weather than seasonal storms, that could leave risks to the downside to even more prolonged refining downtime, it added. (Reporting by Sumita Layek in Bengaluru; Editing by Clarence Fernandez)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137053250","content_text":"Feb 19 (Reuters) - A deep freeze in Texas that has brought power outages and shut refineries and pipelines will have only a small and transitory impact on the global oil market, Goldman Sachs said in a note.Oil prices slid by up to 2% on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise.Texas’s energy outages extended into a sixth day on Thursday, with the impact of reduced supplies from the biggest energy-producing state in the United States spilling over to neighbouring Mexico.The bank estimates an average decline of 700,000 barrels per day (bpd) in February production of U.S. Lower-48 onshore crude, seeing a quick output rebound on expectations of warmer weather this weekend.“While the gross impacts on supply and demand are large, they are mostly offsetting, and even more importantly, transitory, resulting in minimal implications for global oil prices, leaving risks to a further reversal of this week’s rally,” it said in Thursday’s note.Goldman estimates, on the demand side, industrial and shale downtime will reduce refinery gas by 50,000 bpd and diesel consumption by 150,000 bpd, while blocked roads and canceled flights will limit road gasoline demand by 250,000 bpd and jet fuel demand by 60,000 bpd.Low temperatures and power outages should fuel heating demand for LPG by 80,000 bpd and for diesel powered generators by 200,000 bpd, however, it said.Since oil refineries are potentially worse prepared for uniquely cold weather than seasonal storms, that could leave risks to the downside to even more prolonged refining downtime, it added. (Reporting by Sumita Layek in Bengaluru; Editing by Clarence Fernandez)","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384346130,"gmtCreate":1613619379220,"gmtModify":1704882791352,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/384346130","repostId":"1110571780","repostType":4,"repost":{"id":"1110571780","pubTimestamp":1613617537,"share":"https://ttm.financial/m/news/1110571780?lang=&edition=fundamental","pubTime":"2021-02-18 11:05","market":"us","language":"en","title":"Short Sellers, SPACs and the Future of Flying Cars","url":"https://stock-news.laohu8.com/highlight/detail?id=1110571780","media":"Bloomberg","summary":"The mania for blank-check companies has spread to the nascent air taxi industry, but investors need ","content":"<blockquote>\n <b>The mania for blank-check companies has spread to the nascent air taxi industry, but investors need to be careful.</b>\n</blockquote>\n<p>When EHang Holdings Ltd. first sold shares to the U.S. public in December 2019, investors weren’t exactly sold on the rare chance to bet on the future of flying cars. The Chinese company makes “electric vertical take-off and landing” (eVTOL) aircraft, which function a bit like a helicopter but are&nbsp;powered by batteries and have multiple rotors. Its passenger drones are pilotless, too, unlike those of most of its rivals.</p>\n<p>EHang’s listing —&nbsp;a traditional initial public offering underwritten by Morgan Stanley and Credit Suisse&nbsp;—&nbsp;raised just $41 million and&nbsp;valued&nbsp;the company at less than $700 million. Since then it has been caught up in a surge of excitement about the development of air taxis, and at the start of this week&nbsp;it was worth $6.8 billion.</p>\n<p>On Tuesday its share price suffered a serious malfunction.&nbsp;More than 60% of its value went up in smoke after a short seller, Wolfpack Research,&nbsp;published a report&nbsp;questioning EHang’s sales relationships, technology and regulatory approvals.&nbsp;EHang&nbsp;said the report contains “numerous errors, unsubstantiated statements, and misinterpretation of information.”</p>\n<p>Regardless of the rights and wrongs of this particular episode, it shows the risks of investing in futuristic technology companies. A huge amount money is also being pumped into the nascent air-taxi&nbsp;industry by special purpose acquisition companies, or SPACs, a method of taking businesses public that’s all the rage in the U.S.</p>\n<p>There is, at least, something behind the investor excitement. Long considered a dream best left to “Blade Runner,” air taxis could soon become reality thanks to advances in batteries, software and lightweight materials.&nbsp;It helps thatstar fund manager Cathie Wood&nbsp;may include “drones, air taxis and electric aviation vehicles” in her new space-themed exchange-traded fund. But shareholders need to do their due diligence as well.</p>\n<p><b>Flying Cars Hit Turbulence</b></p>\n<p>EHang's shares tumbled following a short-seller report</p>\n<p><img src=\"https://static.tigerbbs.com/962956f8d2413d00cc42ce78317cfb8f\" tg-width=\"505\" tg-height=\"236\">Wood will soon have several other publicly traded air-taxi companies to pick from, thanks to a recent rush of&nbsp;SPAC deals. (SPACs are listed vehicles that merge&nbsp;with a promising business&nbsp;and thereby take&nbsp;it public —&nbsp;avoiding the laborious route of an old-fashioned IPO.)</p>\n<p>From a SPAC financial sponsor’s&nbsp;perspective, flying cars are a potential marriage made in heaven. Thanks to a regulatory loophole, SPAC targets are allowed to publish veryoptimistic financial forecasts, which helps them secure eye-watering stock-market valuations. Suddenly, air-taxi manufacturers have found themselves able&nbsp;to raise massive amounts of capital. A typical development program for these vehicles&nbsp;costs up to $1 billion.</p>\n<p>The EHang saga may be a one-off, but values are inflated&nbsp;across the sector. I doubt whether the match will always be a happy one for amateur investors who buy into these air-taxi visions.</p>\n<p>Joby Aviation, Archer Aviation and Blade Urban Air Mobility have all announced SPAC mergers in recent weeks, orreportedly will do so soon. Germany’s Volocopter and Lilium have also been linked toSPAC deals. Meanwhile,&nbsp;former Boeing Chief Executive Officer Dennis Muilenburg’s SPAC may pursue something in “advanced air mobility.”</p>\n<p>Letting SPAC targets publishmulti-year financial projections&nbsp;—&nbsp;no matter how wild — gives them a huge advantage because most are still in the development and testing stage. Traditional IPOs don’t allow this forecasting. In air taxis, getting the required regulatory permits could take years, which makes future profit estimates partly guesswork.&nbsp;Volocopter’s development is relatively well-advanced but it doesn’t expect to start commercial services in Singaporeuntil the end of 2023.</p>\n<p>SPAC-acquired Archer confidently projects it will havemore than $12 billion of revenue&nbsp;by 2030 and almost $3 billion of yearly free cash flow, even though it hasn’t yet manufactured or delivered any aircraft to customers. Some skepticism is warranted.</p>\n<p><b>Taking Flight, or Flight of Fancy?</b></p>\n<p>A Spac deal allows Archer to publish revenue forecasts. They're ambitious</p>\n<p><img src=\"https://static.tigerbbs.com/e1c9c62f1ff64b8fbd3dd840dabde595\" tg-width=\"507\" tg-height=\"236\">Regardless, Archer’s merger with investment banker Ken Moelis’s Atlas Crest Investment Corp. valued it at $3.8 billion if you include the $1 billion of cash raised. Based on where the SPAC shares are trading now, Archer’s equity value has increased to $5.3&nbsp;billion, while Blade is worth $1.5 billion.1&nbsp;Joby, which is quite advanced&nbsp;in the crucial certification process, expects to be valued at almost $6 billion, according to the Financial Times. For context, Italy’s Leonardo SpA, one of the biggest helicopter manufacturers,&nbsp;is valued at 3.6 billion euros ($4.4 billion).</p>\n<p>In fairness, electric air taxis may prove to be cleaner, cheaper and quieter than helicopters, which means the market could be larger. Having multiple rotors may alleviate safety concerns.</p>\n<p>It’s not just idealistic start-ups who are excited by the technology. Aerospace giantsAirbus SEandBoeing Co., carmakers&nbsp;Hyundai Motor Co.,General Motors Co.&nbsp;andStellantis NV, and tech companies&nbsp;Tencent Holdings Ltd.&nbsp;andIntel Corp.&nbsp;are all investing in a Jetsons-style future, too. Former Airbus CEO Tom Enders has joined Lilium’s board. Spanish infrastructure company Ferrovial SA is planning anetwork of “vertiports”in Florida.</p>\n<p>With dozens of air taxis under&nbsp;development, the companies that raise most money will have the best chance of survival. However, cash doesn’t guarantee success.&nbsp;The battery fire that engulfed a Lilium&nbsp;prototype last year shows what can go wrong. The complexity of what these companies are attempting, combined with a long regulatory approval process, means most will gobble up&nbsp;piles of cash. Public-company investors are accustomed to financial improvements each quarter and aren’t known for patience.</p>\n<p><b>Flying Car Investments</b></p>\n<p>Venture capital investments in air taxi start-ups surged in 2020. Joby and Lilium were by far the biggest beneficiaries.</p>\n<li><img src=\"https://static.tigerbbs.com/d08ce33fe7cebabcd195aa168291298c\" tg-width=\"517\" tg-height=\"234\">“This is one of those ‘hard world’&nbsp;problems —&nbsp;high capital costs, advanced hardware technologies, long timeline, and an overall very challenging business with low chances of success,” Archer’s co-founders have written,&nbsp;withrefreshing honesty. Nonetheless, they are still getting the chance to try.</li>\n<p>In a manifesto lamenting venture capital’s failure to support bold technologies, Peter Thiel once opined that, “We wanted flying cars, instead we got 140 characters” (then the maximum length of a tweet). For better or worse, SPACs may have changed the equation.</p>\n<li></li>","source":"lsy1584095487587","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>Short Sellers, SPACs and the Future of Flying Cars</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\">\nShort Sellers, SPACs and the Future of Flying Cars\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 11:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-02-17/spac-mania-flying-cars-are-an-extremely-expensive-ride-for-investors?srnd=opinion><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The mania for blank-check companies has spread to the nascent air taxi industry, but investors need to be careful.\n\nWhen EHang Holdings Ltd. first sold shares to the U.S. public in December 2019, ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-02-17/spac-mania-flying-cars-are-an-extremely-expensive-ride-for-investors?srnd=opinion\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EH":"亿航智能"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-02-17/spac-mania-flying-cars-are-an-extremely-expensive-ride-for-investors?srnd=opinion","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110571780","content_text":"The mania for blank-check companies has spread to the nascent air taxi industry, but investors need to be careful.\n\nWhen EHang Holdings Ltd. first sold shares to the U.S. public in December 2019, investors weren’t exactly sold on the rare chance to bet on the future of flying cars. The Chinese company makes “electric vertical take-off and landing” (eVTOL) aircraft, which function a bit like a helicopter but are powered by batteries and have multiple rotors. Its passenger drones are pilotless, too, unlike those of most of its rivals.\nEHang’s listing — a traditional initial public offering underwritten by Morgan Stanley and Credit Suisse — raised just $41 million and valued the company at less than $700 million. Since then it has been caught up in a surge of excitement about the development of air taxis, and at the start of this week it was worth $6.8 billion.\nOn Tuesday its share price suffered a serious malfunction. More than 60% of its value went up in smoke after a short seller, Wolfpack Research, published a report questioning EHang’s sales relationships, technology and regulatory approvals. EHang said the report contains “numerous errors, unsubstantiated statements, and misinterpretation of information.”\nRegardless of the rights and wrongs of this particular episode, it shows the risks of investing in futuristic technology companies. A huge amount money is also being pumped into the nascent air-taxi industry by special purpose acquisition companies, or SPACs, a method of taking businesses public that’s all the rage in the U.S.\nThere is, at least, something behind the investor excitement. Long considered a dream best left to “Blade Runner,” air taxis could soon become reality thanks to advances in batteries, software and lightweight materials. It helps thatstar fund manager Cathie Wood may include “drones, air taxis and electric aviation vehicles” in her new space-themed exchange-traded fund. But shareholders need to do their due diligence as well.\nFlying Cars Hit Turbulence\nEHang's shares tumbled following a short-seller report\nWood will soon have several other publicly traded air-taxi companies to pick from, thanks to a recent rush of SPAC deals. (SPACs are listed vehicles that merge with a promising business and thereby take it public — avoiding the laborious route of an old-fashioned IPO.)\nFrom a SPAC financial sponsor’s perspective, flying cars are a potential marriage made in heaven. Thanks to a regulatory loophole, SPAC targets are allowed to publish veryoptimistic financial forecasts, which helps them secure eye-watering stock-market valuations. Suddenly, air-taxi manufacturers have found themselves able to raise massive amounts of capital. A typical development program for these vehicles costs up to $1 billion.\nThe EHang saga may be a one-off, but values are inflated across the sector. I doubt whether the match will always be a happy one for amateur investors who buy into these air-taxi visions.\nJoby Aviation, Archer Aviation and Blade Urban Air Mobility have all announced SPAC mergers in recent weeks, orreportedly will do so soon. Germany’s Volocopter and Lilium have also been linked toSPAC deals. Meanwhile, former Boeing Chief Executive Officer Dennis Muilenburg’s SPAC may pursue something in “advanced air mobility.”\nLetting SPAC targets publishmulti-year financial projections — no matter how wild — gives them a huge advantage because most are still in the development and testing stage. Traditional IPOs don’t allow this forecasting. In air taxis, getting the required regulatory permits could take years, which makes future profit estimates partly guesswork. Volocopter’s development is relatively well-advanced but it doesn’t expect to start commercial services in Singaporeuntil the end of 2023.\nSPAC-acquired Archer confidently projects it will havemore than $12 billion of revenue by 2030 and almost $3 billion of yearly free cash flow, even though it hasn’t yet manufactured or delivered any aircraft to customers. Some skepticism is warranted.\nTaking Flight, or Flight of Fancy?\nA Spac deal allows Archer to publish revenue forecasts. They're ambitious\nRegardless, Archer’s merger with investment banker Ken Moelis’s Atlas Crest Investment Corp. valued it at $3.8 billion if you include the $1 billion of cash raised. Based on where the SPAC shares are trading now, Archer’s equity value has increased to $5.3 billion, while Blade is worth $1.5 billion.1 Joby, which is quite advanced in the crucial certification process, expects to be valued at almost $6 billion, according to the Financial Times. For context, Italy’s Leonardo SpA, one of the biggest helicopter manufacturers, is valued at 3.6 billion euros ($4.4 billion).\nIn fairness, electric air taxis may prove to be cleaner, cheaper and quieter than helicopters, which means the market could be larger. Having multiple rotors may alleviate safety concerns.\nIt’s not just idealistic start-ups who are excited by the technology. Aerospace giantsAirbus SEandBoeing Co., carmakers Hyundai Motor Co.,General Motors Co. andStellantis NV, and tech companies Tencent Holdings Ltd. andIntel Corp. are all investing in a Jetsons-style future, too. Former Airbus CEO Tom Enders has joined Lilium’s board. Spanish infrastructure company Ferrovial SA is planning anetwork of “vertiports”in Florida.\nWith dozens of air taxis under development, the companies that raise most money will have the best chance of survival. However, cash doesn’t guarantee success. The battery fire that engulfed a Lilium prototype last year shows what can go wrong. The complexity of what these companies are attempting, combined with a long regulatory approval process, means most will gobble up piles of cash. Public-company investors are accustomed to financial improvements each quarter and aren’t known for patience.\nFlying Car Investments\nVenture capital investments in air taxi start-ups surged in 2020. Joby and Lilium were by far the biggest beneficiaries.\n“This is one of those ‘hard world’ problems — high capital costs, advanced hardware technologies, long timeline, and an overall very challenging business with low chances of success,” Archer’s co-founders have written, withrefreshing honesty. Nonetheless, they are still getting the chance to try.\nIn a manifesto lamenting venture capital’s failure to support bold technologies, Peter Thiel once opined that, “We wanted flying cars, instead we got 140 characters” (then the maximum length of a tweet). For better or worse, SPACs may have changed the equation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385641871,"gmtCreate":1613548994693,"gmtModify":1704881871373,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Gd&nbsp;","listText":"Gd&nbsp;","text":"Gd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385641871","repostId":"1137917622","repostType":4,"repost":{"id":"1137917622","pubTimestamp":1613545971,"share":"https://ttm.financial/m/news/1137917622?lang=&edition=fundamental","pubTime":"2021-02-17 15:12","market":"us","language":"en","title":"Why the stock market’s ‘worst-case’ scenario depends on these 3 ingredients","url":"https://stock-news.laohu8.com/highlight/detail?id=1137917622","media":"MarketWatch","summary":"Rising yields, widening credit spreads and rising dollar would spell trouble: Jefferies\nInvestors ar","content":"<p>Rising yields, widening credit spreads and rising dollar would spell trouble: Jefferies</p>\n<p>Investors are fretting over Treasury yields and wondering when a rate rise could start to crimp a stock-market rally, though they weren’t yet worried enough Tuesday to prevent major benchmarks from notching another round of all-time peaks.</p>\n<p>So when does the pain of rising yields, which makes it harder to justify stretched equity valuations, start to make a difference? With the yield on the 10-year Treasury note&nbsp;moving back above 1.2%, a challenge of the 1.5% area, which is the equivalent of the dividend yield on the S&amp;P 500,could soon be in store, wrote Sean Darby, global head of strategy at Jefferies, in a Tuesday note.</p>\n<p>That event “will probably coincide with the first test for the valuations of the higher PE stocks and the relative performance of the S&amp;P 500 versus more loftier valued indices such as the Nasdaq-100,” he wrote, referring to the P/E, or price-to-earnings ratio, a common measure of stock market valuations.</p>\n<p>Historically, low Treasury rates have been seen justifying lofty valuations for equities, as investors have little choice but to look to stocks for returns. While Treasury yields remain low, the move higher could threaten equities with the most stretched valuations, strategists have warned. Yields and bond prices move in opposite directions.</p>\n<p>But Darby delves deeper, arguing that financial markets have likely undergone a “regime change” as investors adapt to the Federal Reserve’s average-inflation targeting setup, which would see the central bank allow inflation to overshoot its target and the economy to run hot before moving to tighten policy.</p>\n<p>That regime change amid expectations for abundant liquidity may be illustrated by the continued rally in junk, or high-yield, corporate bonds. Those yields have fallen sharply, even trading below Treasurys on an inflation-adjusted basis for the first time in history, he noted.</p>\n<p>Meanwhile, the U.S. dollar, while seeing a modest bounce to begin 2021, hasn’t yet staged a convincing turnaround after its steep 2020 slide, analysts said. A weaker dollar is generally seen as favorable for stocks by helping to keep global financial conditions loose.</p>\n<p>“In reality the worst case scenario for equity investors would be a selloff in [Treasurys] accompanied by widening credit spreads and a strong dollar,” Darby said. “To date, higher U’S’ bond yields have not been able to arrest the decline in the greenback — real interest rates are still negative.”</p>\n<p>So what should stock-market investors expect?</p>\n<p>First off, “much higher yields,” he said, noting that all three of Jefferies’ indicators on the direction of the 10-year yield — the 10-year vs. 2-year U.S. yield curve vs. inflation expectations; the yield curve vs. U.S. M1 money supply; and the yield curve vs. the copper/gold ratio — are all pointed vertical, particularly the relationship between money supply and the yield curve (see chart below).</p>\n<p><img src=\"https://static.tigerbbs.com/bbd2d670eb3878e88a74b7cef6e07a1a\" tg-width=\"1259\" tg-height=\"1010\"></p>\n<p>Jefferies expects the 10-year yield to hit 2% by year-end, Darby noted.</p>\n<p>Secondly, high price-to-earnings ratio stocks in the S&amp;P 500 saw a sharp absolute return as the 30-year Treasury yield&nbsp;plunged, Darby said (see chart below), noting the same was true for the tech-concentrated Nasdaq-100.</p>\n<p><img src=\"https://static.tigerbbs.com/eaa66391315c6c3febff9d67944902f7\" tg-width=\"1260\" tg-height=\"1012\"></p>\n<p>“These are the most sensitive to higher U.S. long-term rates,” he said, noting that equities are long duration assets.</p>\n<p>The 30-year yield&nbsp;jumped 8.6 basis points to a more-than-one-year high 2.089% Tuesday, while the 10-year yield rose 9.8 basis points to 1.298%. The Dow Jones Industrial Average&nbsp;eked out a gain of 64.35 points, or 0.2%, in choppy trade,building on last Friday’s record close&nbsp;as investors returned from a three-day holiday weekend. The S&amp;P 500 ended 0.1% lower, while the Nasdaq Composite&nbsp;shed 0.3%.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why the stock market’s ‘worst-case’ scenario depends on these 3 ingredients</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\">\nWhy the stock market’s ‘worst-case’ scenario depends on these 3 ingredients\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-17 15:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/this-combo-would-be-worst-case-scenario-for-stock-market-investors-11613505230?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rising yields, widening credit spreads and rising dollar would spell trouble: Jefferies\nInvestors are fretting over Treasury yields and wondering when a rate rise could start to crimp a stock-market ...</p>\n\n<a href=\"https://www.marketwatch.com/story/this-combo-would-be-worst-case-scenario-for-stock-market-investors-11613505230?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/this-combo-would-be-worst-case-scenario-for-stock-market-investors-11613505230?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1137917622","content_text":"Rising yields, widening credit spreads and rising dollar would spell trouble: Jefferies\nInvestors are fretting over Treasury yields and wondering when a rate rise could start to crimp a stock-market rally, though they weren’t yet worried enough Tuesday to prevent major benchmarks from notching another round of all-time peaks.\nSo when does the pain of rising yields, which makes it harder to justify stretched equity valuations, start to make a difference? With the yield on the 10-year Treasury note moving back above 1.2%, a challenge of the 1.5% area, which is the equivalent of the dividend yield on the S&P 500,could soon be in store, wrote Sean Darby, global head of strategy at Jefferies, in a Tuesday note.\nThat event “will probably coincide with the first test for the valuations of the higher PE stocks and the relative performance of the S&P 500 versus more loftier valued indices such as the Nasdaq-100,” he wrote, referring to the P/E, or price-to-earnings ratio, a common measure of stock market valuations.\nHistorically, low Treasury rates have been seen justifying lofty valuations for equities, as investors have little choice but to look to stocks for returns. While Treasury yields remain low, the move higher could threaten equities with the most stretched valuations, strategists have warned. Yields and bond prices move in opposite directions.\nBut Darby delves deeper, arguing that financial markets have likely undergone a “regime change” as investors adapt to the Federal Reserve’s average-inflation targeting setup, which would see the central bank allow inflation to overshoot its target and the economy to run hot before moving to tighten policy.\nThat regime change amid expectations for abundant liquidity may be illustrated by the continued rally in junk, or high-yield, corporate bonds. Those yields have fallen sharply, even trading below Treasurys on an inflation-adjusted basis for the first time in history, he noted.\nMeanwhile, the U.S. dollar, while seeing a modest bounce to begin 2021, hasn’t yet staged a convincing turnaround after its steep 2020 slide, analysts said. A weaker dollar is generally seen as favorable for stocks by helping to keep global financial conditions loose.\n“In reality the worst case scenario for equity investors would be a selloff in [Treasurys] accompanied by widening credit spreads and a strong dollar,” Darby said. “To date, higher U’S’ bond yields have not been able to arrest the decline in the greenback — real interest rates are still negative.”\nSo what should stock-market investors expect?\nFirst off, “much higher yields,” he said, noting that all three of Jefferies’ indicators on the direction of the 10-year yield — the 10-year vs. 2-year U.S. yield curve vs. inflation expectations; the yield curve vs. U.S. M1 money supply; and the yield curve vs. the copper/gold ratio — are all pointed vertical, particularly the relationship between money supply and the yield curve (see chart below).\n\nJefferies expects the 10-year yield to hit 2% by year-end, Darby noted.\nSecondly, high price-to-earnings ratio stocks in the S&P 500 saw a sharp absolute return as the 30-year Treasury yield plunged, Darby said (see chart below), noting the same was true for the tech-concentrated Nasdaq-100.\n\n“These are the most sensitive to higher U.S. long-term rates,” he said, noting that equities are long duration assets.\nThe 30-year yield jumped 8.6 basis points to a more-than-one-year high 2.089% Tuesday, while the 10-year yield rose 9.8 basis points to 1.298%. The Dow Jones Industrial Average eked out a gain of 64.35 points, or 0.2%, in choppy trade,building on last Friday’s record close as investors returned from a three-day holiday weekend. The S&P 500 ended 0.1% lower, while the Nasdaq Composite shed 0.3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382131009,"gmtCreate":1613380205101,"gmtModify":1704880191615,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"WOW","listText":"WOW","text":"WOW","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382131009","repostId":"2110041547","repostType":4,"repost":{"id":"2110041547","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1613017530,"share":"https://ttm.financial/m/news/2110041547?lang=&edition=fundamental","pubTime":"2021-02-11 12:25","market":"hk","language":"en","title":"Asia stocks hold at highs, sustained by bottomless stimulus","url":"https://stock-news.laohu8.com/highlight/detail?id=2110041547","media":"Reuters","summary":"* Treasuries rally on surprisingly soft CPI, dovish Powell. * Oil eases after longest winning streak in two years. SYDNEY, Feb 11  - Asian shares rested at record highs on Thursday as investors digested recent meaty gains, while bulls were sustained by the promise of endless free money after a benign reading on U.S. inflation and a dovish Federal Reserve outlook.Adding to the torpor was a lack of liquidity as markets in China, Japan, South Korea and Taiwan were all on holiday.MSCI's broadest ind","content":"<p>* Asian stock markets :</p>\n<p>* Markets mostly flat amid multiple holidays</p>\n<p>* Asia shares ex-Japan already up 10% this year</p>\n<p>* Treasuries rally on surprisingly soft CPI, dovish Powell</p>\n<p>* Oil eases after longest winning streak in two years</p>\n<p>By Wayne Cole</p>\n<p>SYDNEY, Feb 11 (Reuters) - Asian shares rested at record highs on Thursday as investors digested recent meaty gains, while bulls were sustained by the promise of endless free money after a benign reading on U.S. inflation and a dovish Federal Reserve outlook.</p>\n<p>Adding to the torpor was a lack of liquidity as markets in China, Japan, South Korea and Taiwan were all on holiday.</p>\n<p>MSCI's broadest index of Asia-Pacific shares outside Japan</p>\n<p>added 0.1%, having already climbed for four sessions to be up over 10% so far this year.</p>\n<p>Japan's Nikkei was shut after ending at a 30-year peak on Wednesday, while Australia's main index held near an 11-month top.</p>\n<p>With China off, there was little reaction to news the Biden administration will look at adding \"new targeted restrictions\" on certain sensitive technology exports to the Asian giant and would maintain tariffs for now.</p>\n<p>Futures for the S&amp;P 500 and NASDAQ were both steady, having hit historic highs on Wednesday. EUROSTOXX 50 futures and FTSE futures barely budged.</p>\n<p>Still, the outlook for more global stimulus got a major boost overnight from a surprisingly soft reading on core U.S. inflation, which eased to 1.4% in January.</p>\n<p>Federal Reserve Chair Jerome Powell said he wanted to see inflation reach 2% or more before even thinking of tapering the bank's super-easy policies.</p>\n<p>Notably, Powell emphasised that once pandemic effects were stripped out, unemployment was nearer 10% than the reported 6.3% and thus a long way from full employment.</p>\n<p>As a result, Powell called for a \"society-wide commitment\" to reducing unemployment, which analysts saw as strong support for President Joe Biden $1.9 trillion stimulus package.</p>\n<p>Indeed, Westpac economist Elliot Clarke estimated over $5 trillion in cumulative stimulus, worth 23% of GDP, would be required to repair the damage done by the pandemic.</p>\n<p>\"Historical experience provides strong justification to only act against undesired inflationary pressures once they have been seen, after full employment has been achieved,\" he said.</p>\n<p>\"To that end, financial conditions are expected to remain highly supportive of the U.S. economy and global financial markets in 2021, and likely through 2022.\"</p>\n<p>The mix of bottomless Fed funds and a tame inflation report was a salve for bond market pains, leaving 10-year yields at 1.12% from a 1.20% high early in the week.</p>\n<p>That in turn weighed on the U.S. dollar, which slipped to 90.395 on a basket of currencies and away from a 10-week top of 91.600 touched late last week.</p>\n<p>The dollar eased to 104.57 yen , from a recent peak of 105.76, while the euro rallied to $1.2122 from its low of $1.1950.</p>\n<p>In commodity markets, gold was sidelined at $1,838 an ounce</p>\n<p>as investors drove platinum to a six-year peak on bets of more demand from the automobile sector.</p>\n<p>Oil prices took a breather, having enjoyed the longest winning streak in two years amid producer supply cuts and hopes vaccine rollouts will drive a recovery in demand.</p>\n<p>\"The current price levels are healthier than the actual market and entirely reliant on supply cuts, as demand still needs to recover,\" cautioned Bjornar Tonhaugen of Rystad Energy.</p>\n<p>Brent crude futures eased back 40 cents to $61.07, while U.S. crude dipped 36 cents to $58.32 a barrel.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia stocks hold at highs, sustained by bottomless stimulus</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; 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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\">\nAsia stocks hold at highs, sustained by bottomless stimulus\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-11 12:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Asian stock markets :</p>\n<p>* Markets mostly flat amid multiple holidays</p>\n<p>* Asia shares ex-Japan already up 10% this year</p>\n<p>* Treasuries rally on surprisingly soft CPI, dovish Powell</p>\n<p>* Oil eases after longest winning streak in two years</p>\n<p>By Wayne Cole</p>\n<p>SYDNEY, Feb 11 (Reuters) - Asian shares rested at record highs on Thursday as investors digested recent meaty gains, while bulls were sustained by the promise of endless free money after a benign reading on U.S. inflation and a dovish Federal Reserve outlook.</p>\n<p>Adding to the torpor was a lack of liquidity as markets in China, Japan, South Korea and Taiwan were all on holiday.</p>\n<p>MSCI's broadest index of Asia-Pacific shares outside Japan</p>\n<p>added 0.1%, having already climbed for four sessions to be up over 10% so far this year.</p>\n<p>Japan's Nikkei was shut after ending at a 30-year peak on Wednesday, while Australia's main index held near an 11-month top.</p>\n<p>With China off, there was little reaction to news the Biden administration will look at adding \"new targeted restrictions\" on certain sensitive technology exports to the Asian giant and would maintain tariffs for now.</p>\n<p>Futures for the S&amp;P 500 and NASDAQ were both steady, having hit historic highs on Wednesday. EUROSTOXX 50 futures and FTSE futures barely budged.</p>\n<p>Still, the outlook for more global stimulus got a major boost overnight from a surprisingly soft reading on core U.S. inflation, which eased to 1.4% in January.</p>\n<p>Federal Reserve Chair Jerome Powell said he wanted to see inflation reach 2% or more before even thinking of tapering the bank's super-easy policies.</p>\n<p>Notably, Powell emphasised that once pandemic effects were stripped out, unemployment was nearer 10% than the reported 6.3% and thus a long way from full employment.</p>\n<p>As a result, Powell called for a \"society-wide commitment\" to reducing unemployment, which analysts saw as strong support for President Joe Biden $1.9 trillion stimulus package.</p>\n<p>Indeed, Westpac economist Elliot Clarke estimated over $5 trillion in cumulative stimulus, worth 23% of GDP, would be required to repair the damage done by the pandemic.</p>\n<p>\"Historical experience provides strong justification to only act against undesired inflationary pressures once they have been seen, after full employment has been achieved,\" he said.</p>\n<p>\"To that end, financial conditions are expected to remain highly supportive of the U.S. economy and global financial markets in 2021, and likely through 2022.\"</p>\n<p>The mix of bottomless Fed funds and a tame inflation report was a salve for bond market pains, leaving 10-year yields at 1.12% from a 1.20% high early in the week.</p>\n<p>That in turn weighed on the U.S. dollar, which slipped to 90.395 on a basket of currencies and away from a 10-week top of 91.600 touched late last week.</p>\n<p>The dollar eased to 104.57 yen , from a recent peak of 105.76, while the euro rallied to $1.2122 from its low of $1.1950.</p>\n<p>In commodity markets, gold was sidelined at $1,838 an ounce</p>\n<p>as investors drove platinum to a six-year peak on bets of more demand from the automobile sector.</p>\n<p>Oil prices took a breather, having enjoyed the longest winning streak in two years amid producer supply cuts and hopes vaccine rollouts will drive a recovery in demand.</p>\n<p>\"The current price levels are healthier than the actual market and entirely reliant on supply cuts, as demand still needs to recover,\" cautioned Bjornar Tonhaugen of Rystad Energy.</p>\n<p>Brent crude futures eased back 40 cents to $61.07, while U.S. crude dipped 36 cents to $58.32 a barrel.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","UCO":"二倍做多彭博原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","EUO":"欧元ETF-ProShares两倍做空","NUGT":"二倍做多黄金矿业指数ETF-Direxion","SCO":"二倍做空彭博原油指数ETF","FXY":"日元ETF-CurrencyShares","DWT":"三倍做空原油ETN","YCS":"日元ETF-ProShares两倍做空","FXE":"欧元做多ETF-CurrencyShares","GDX":"黄金矿业ETF-VanEck","IAU":"黄金信托ETF(iShares)","GLD":"SPDR黄金ETF","USO":"美国原油ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","DDG":"ProShares做空石油与天然气ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110041547","content_text":"* Asian stock markets :\n* Markets mostly flat amid multiple holidays\n* Asia shares ex-Japan already up 10% this year\n* Treasuries rally on surprisingly soft CPI, dovish Powell\n* Oil eases after longest winning streak in two years\nBy Wayne Cole\nSYDNEY, Feb 11 (Reuters) - Asian shares rested at record highs on Thursday as investors digested recent meaty gains, while bulls were sustained by the promise of endless free money after a benign reading on U.S. inflation and a dovish Federal Reserve outlook.\nAdding to the torpor was a lack of liquidity as markets in China, Japan, South Korea and Taiwan were all on holiday.\nMSCI's broadest index of Asia-Pacific shares outside Japan\nadded 0.1%, having already climbed for four sessions to be up over 10% so far this year.\nJapan's Nikkei was shut after ending at a 30-year peak on Wednesday, while Australia's main index held near an 11-month top.\nWith China off, there was little reaction to news the Biden administration will look at adding \"new targeted restrictions\" on certain sensitive technology exports to the Asian giant and would maintain tariffs for now.\nFutures for the S&P 500 and NASDAQ were both steady, having hit historic highs on Wednesday. EUROSTOXX 50 futures and FTSE futures barely budged.\nStill, the outlook for more global stimulus got a major boost overnight from a surprisingly soft reading on core U.S. inflation, which eased to 1.4% in January.\nFederal Reserve Chair Jerome Powell said he wanted to see inflation reach 2% or more before even thinking of tapering the bank's super-easy policies.\nNotably, Powell emphasised that once pandemic effects were stripped out, unemployment was nearer 10% than the reported 6.3% and thus a long way from full employment.\nAs a result, Powell called for a \"society-wide commitment\" to reducing unemployment, which analysts saw as strong support for President Joe Biden $1.9 trillion stimulus package.\nIndeed, Westpac economist Elliot Clarke estimated over $5 trillion in cumulative stimulus, worth 23% of GDP, would be required to repair the damage done by the pandemic.\n\"Historical experience provides strong justification to only act against undesired inflationary pressures once they have been seen, after full employment has been achieved,\" he said.\n\"To that end, financial conditions are expected to remain highly supportive of the U.S. economy and global financial markets in 2021, and likely through 2022.\"\nThe mix of bottomless Fed funds and a tame inflation report was a salve for bond market pains, leaving 10-year yields at 1.12% from a 1.20% high early in the week.\nThat in turn weighed on the U.S. dollar, which slipped to 90.395 on a basket of currencies and away from a 10-week top of 91.600 touched late last week.\nThe dollar eased to 104.57 yen , from a recent peak of 105.76, while the euro rallied to $1.2122 from its low of $1.1950.\nIn commodity markets, gold was sidelined at $1,838 an ounce\nas investors drove platinum to a six-year peak on bets of more demand from the automobile sector.\nOil prices took a breather, having enjoyed the longest winning streak in two years amid producer supply cuts and hopes vaccine rollouts will drive a recovery in demand.\n\"The current price levels are healthier than the actual market and entirely reliant on supply cuts, as demand still needs to recover,\" cautioned Bjornar Tonhaugen of Rystad Energy.\nBrent crude futures eased back 40 cents to $61.07, while U.S. crude dipped 36 cents to $58.32 a barrel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}