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2021-08-10

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Nvidia Has Turned $10,000 Into $250,000. Here's Why It Can Do It Again

2021-08-08

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Wall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf

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Best stock!!

2021-08-01

$Alibaba(09988)$value

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Wow the the moon

Buffett and Munger Talk Zoom, Robinhood, and Lessons From the Pandemic

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Signs Crop Up That Apple Is Exploring Cryptocurrency: What You Need To Know

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China stocks hit over 2-month high as inflation fears fade; Hong Kong up

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@何安迪:今天來聊聊自動駕駛芯片，本期視頻你將瞭解到：自動駕駛開啓大算力時代 [哇塞] [哇塞] [哇塞] 地平線征程 5 流片成功[可愛] [可愛] [可愛] 征程 5 流片成功的意義是什麼？ [驚訝] [驚訝] [驚訝] 地平線的「新徵程」[勝利] [勝利] [勝利] 來源：B站汽車之心，侵刪~$蔚來(NIO)$ $小鵬汽車(XPEV)$ $特斯拉(TSLA)$ $理想汽車(LI)$

2021-05-24

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Australia's Zip to acquire two buy-now-pay-later firms for A$160m

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Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021

2021-05-21

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2021-05-20

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2021-05-19

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2021-05-18

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Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla

2021-05-14

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@Chloe_See:$阿里巴巴-SW(09988)$爸爸怎麼了

2021-05-14

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HK-listed Alibaba Pictures rises most in over 3 weeks on launch of new toy brand

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19:00","market":"us","language":"en","title":"Nvidia Has Turned $10,000 Into $250,000. Here's Why It Can Do It Again","url":"https://stock-news.laohu8.com/highlight/detail?id=2158476510","media":"Motley Fool","summary":"The graphics specialist can zoom higher thanks to a solid set of catalysts.","content":"<p>If you had $10,000 to invest at the beginning of 2016 and bought shares of <b>Nvidia</b> (NASDAQ:NVDA) using that money, your initial investment would be worth just about $250,000 right now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac4403a42e271fd65988e44ef7698722\" tg-width=\"720\" tg-height=\"387\" width=\"100%\" height=\"auto\"><span>NVDA data by YCharts</span></p>\n<p>Nvidia has beaten the broader market handsomely over the years thanks to its strong suite of products, which has helped it attract millions of customers and dominate a fast-growing space. It is now offering products that deliver more bang for their buck to existing customers, allowing it to increase average selling prices (ASPs) <i>and</i> bring new customers into the fold. As such, Nvidia can repeat -- or improve upon -- its terrific stock market performance once again in the coming years.</p>\n<p>Let's look at the reasons why.</p>\n<h2>Nvidia's outstanding growth can last for a long time</h2>\n<p>Nvidia's dominance of the GPU (graphics processing unit) market has accelerated its revenue and earnings growth over the years. In fiscal 2016, the company had reported just $5 billion in annual revenue and $929 million in adjusted net income. In fiscal 2021, which ended&nbsp;in January this year, Nvidia's annual revenue had ballooned to $16.7 billion and adjusted net income had jumped to $6.2 billion.</p>\n<p>This translates into a compound annual revenue growth rate of 27% over the five-year period, while the non-GAAP net income grew 46% per year. Of late, Nvidia has been outpacing its historical growth. Its revenue for the first quarter of fiscal 2022 surged 84% year over year to $5.66 billion, while adjusted net income was up 107% to $2.3 billion.</p>\n<p>Analysts forecast that Nvidia's surge will continue this fiscal year, with revenue expected to jump 49% over last year and earnings per share anticipated to increase to the tune of 58%. I think that Nvidia can sustain its outstanding growth beyond this year because of a few simple reasons.</p>\n<p>First, Nvidia controls&nbsp;80% of the discrete GPU market, according to Jon Peddie Research. The discrete GPU market is expected to generate&nbsp;$54 billion in annual revenue by 2025 as compared to $23.6 billion last year. Nvidia's market share puts it in pole position to corner a major chunk of the additional revenue opportunity, and it is unlikely to yield ground to smaller rival <b>Advanced Micro Devices</b> (NASDAQ:<a href=\"https://laohu8.com/S/AMD\">AMD</a>) because of its technological advantage.</p>\n<p>According to a survey&nbsp;by game distribution service Steam, Nvidia's flagship RTX 3090 card is outselling AMD's latest RX 6000 series cards by a ratio of 11:1. What's surprising is that the RTX 3090 is outperforming AMD's entire lineup despite its high starting price of $1,499, which makes it significantly more expensive than AMD's flagship RX 6900 XT that starts&nbsp;at $999.</p>\n<p>The reason why this may be the case is that Nvidia's latest RTX 30 series cards outperform AMD's offerings as per independent benchmarks and are also priced competitively. For instance, the RTX 3080 that starts&nbsp;at $699 reportedly outperforms the pricier RX 6900 XT. Meanwhile, Nvidia takes a substantial lead when it comes to identically priced offerings. The RTX 3070 Ti that starts&nbsp;at $599 is reportedly 21% faster&nbsp;than AMD's RX 6800 that starts at $579, indicating that Nvidia offers more bang for the buck.</p>\n<p>As a result, Nvidia is commanding a higher price from customers for its RTX 30 series cards. The average selling price of Nvidia's RTX 30 series cards hit $360&nbsp;in the first six months of their launch, up 20% from the previous generation Turing cards.</p>\n<p>With the gaming business producing&nbsp;49% of Nvidia's total revenue in Q1, the bright prospects of this segment will play a critical role in helping the company deliver solid upside to investors in the future. This, however, isn't the only catalyst to look out for.</p>\n<h2>Two&nbsp;more reasons to go long</h2>\n<p>While Nvidia's gaming business will provide the base for its long-term growth, its data center and automotive businesses will bring additional catalysts into play.</p>\n<p>The data center segment, for instance, generated just $339 million in revenue&nbsp;in fiscal 2016. The segment's fiscal 2021 revenue jumped&nbsp;to $6.7 billion and accounted for 40% of the total revenue. Nvidia investors can expect the data center business to keep booming as the company is attacking a substantial opportunity in this space through multiple chip platforms.</p>\n<p>Nvidia's data center GPUs are already a hit among&nbsp;major cloud service providers thanks to their ability to tackle artificial intelligence and machine learning workloads. The company is now doubling down on new opportunities such as data processing units (DPUs) and CPUs (central processing units), strengthening its position in the data center accelerator space.</p>\n<p>According to a third-party estimate, the data center accelerator market was worth $4.2 billion&nbsp;last year. That number is expected to jump to $53 billion by 2025, opening another huge opportunity for the chipmaker. And finally, the automotive segment is expected to turn into another happy hunting ground for Nvidia.</p>\n<p>The company generated&nbsp;just $536 million in revenue from the automotive segment last year. However, Nvidia says that it has built an automotive design win pipeline worth over $8 billion&nbsp;through fiscal 2027, partnering with several well-known OEMs (original equipment manufacturers) such as Mercedes-Benz, Audi, Hyundai, Volvo, <b>Navistar</b>, and others. So, Nvidia's automotive business seems ready to step on the gas.</p>\n<p>In the end, it can be said that Nvidia now has bigger growth drivers compared to 2016. More importantly, it is in a strong position to tap into the multibillion-dollar end-market opportunities, making it a top growth stock investors can comfortably buy and hold for at least the next five years.</p>","source":"fool_stock","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>Nvidia Has Turned $10,000 Into $250,000. Here's Why It Can Do It Again</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\">\nNvidia Has Turned $10,000 Into $250,000. Here's Why It Can Do It Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/08/10/nvidia-has-turned-10000-into-250000-heres-why-it-c/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you had $10,000 to invest at the beginning of 2016 and bought shares of Nvidia (NASDAQ:NVDA) using that money, your initial investment would be worth just about $250,000 right now.\nNVDA data by ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/10/nvidia-has-turned-10000-into-250000-heres-why-it-c/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/08/10/nvidia-has-turned-10000-into-250000-heres-why-it-c/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158476510","content_text":"If you had $10,000 to invest at the beginning of 2016 and bought shares of Nvidia (NASDAQ:NVDA) using that money, your initial investment would be worth just about $250,000 right now.\nNVDA data by YCharts\nNvidia has beaten the broader market handsomely over the years thanks to its strong suite of products, which has helped it attract millions of customers and dominate a fast-growing space. It is now offering products that deliver more bang for their buck to existing customers, allowing it to increase average selling prices (ASPs) and bring new customers into the fold. As such, Nvidia can repeat -- or improve upon -- its terrific stock market performance once again in the coming years.\nLet's look at the reasons why.\nNvidia's outstanding growth can last for a long time\nNvidia's dominance of the GPU (graphics processing unit) market has accelerated its revenue and earnings growth over the years. In fiscal 2016, the company had reported just $5 billion in annual revenue and $929 million in adjusted net income. In fiscal 2021, which ended in January this year, Nvidia's annual revenue had ballooned to $16.7 billion and adjusted net income had jumped to $6.2 billion.\nThis translates into a compound annual revenue growth rate of 27% over the five-year period, while the non-GAAP net income grew 46% per year. Of late, Nvidia has been outpacing its historical growth. Its revenue for the first quarter of fiscal 2022 surged 84% year over year to $5.66 billion, while adjusted net income was up 107% to $2.3 billion.\nAnalysts forecast that Nvidia's surge will continue this fiscal year, with revenue expected to jump 49% over last year and earnings per share anticipated to increase to the tune of 58%. I think that Nvidia can sustain its outstanding growth beyond this year because of a few simple reasons.\nFirst, Nvidia controls 80% of the discrete GPU market, according to Jon Peddie Research. The discrete GPU market is expected to generate $54 billion in annual revenue by 2025 as compared to $23.6 billion last year. Nvidia's market share puts it in pole position to corner a major chunk of the additional revenue opportunity, and it is unlikely to yield ground to smaller rival Advanced Micro Devices (NASDAQ:AMD) because of its technological advantage.\nAccording to a survey by game distribution service Steam, Nvidia's flagship RTX 3090 card is outselling AMD's latest RX 6000 series cards by a ratio of 11:1. What's surprising is that the RTX 3090 is outperforming AMD's entire lineup despite its high starting price of $1,499, which makes it significantly more expensive than AMD's flagship RX 6900 XT that starts at $999.\nThe reason why this may be the case is that Nvidia's latest RTX 30 series cards outperform AMD's offerings as per independent benchmarks and are also priced competitively. For instance, the RTX 3080 that starts at $699 reportedly outperforms the pricier RX 6900 XT. Meanwhile, Nvidia takes a substantial lead when it comes to identically priced offerings. The RTX 3070 Ti that starts at $599 is reportedly 21% faster than AMD's RX 6800 that starts at $579, indicating that Nvidia offers more bang for the buck.\nAs a result, Nvidia is commanding a higher price from customers for its RTX 30 series cards. The average selling price of Nvidia's RTX 30 series cards hit $360 in the first six months of their launch, up 20% from the previous generation Turing cards.\nWith the gaming business producing 49% of Nvidia's total revenue in Q1, the bright prospects of this segment will play a critical role in helping the company deliver solid upside to investors in the future. This, however, isn't the only catalyst to look out for.\nTwo more reasons to go long\nWhile Nvidia's gaming business will provide the base for its long-term growth, its data center and automotive businesses will bring additional catalysts into play.\nThe data center segment, for instance, generated just $339 million in revenue in fiscal 2016. The segment's fiscal 2021 revenue jumped to $6.7 billion and accounted for 40% of the total revenue. Nvidia investors can expect the data center business to keep booming as the company is attacking a substantial opportunity in this space through multiple chip platforms.\nNvidia's data center GPUs are already a hit among major cloud service providers thanks to their ability to tackle artificial intelligence and machine learning workloads. The company is now doubling down on new opportunities such as data processing units (DPUs) and CPUs (central processing units), strengthening its position in the data center accelerator space.\nAccording to a third-party estimate, the data center accelerator market was worth $4.2 billion last year. That number is expected to jump to $53 billion by 2025, opening another huge opportunity for the chipmaker. And finally, the automotive segment is expected to turn into another happy hunting ground for Nvidia.\nThe company generated just $536 million in revenue from the automotive segment last year. However, Nvidia says that it has built an automotive design win pipeline worth over $8 billion through fiscal 2027, partnering with several well-known OEMs (original equipment manufacturers) such as Mercedes-Benz, Audi, Hyundai, Volvo, Navistar, and others. So, Nvidia's automotive business seems ready to step on the gas.\nIn the end, it can be said that Nvidia now has bigger growth drivers compared to 2016. More importantly, it is in a strong position to tap into the multibillion-dollar end-market opportunities, making it a top growth stock investors can comfortably buy and hold for at least the next five years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891690416,"gmtCreate":1628384286435,"gmtModify":1703505553322,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891690416","repostId":"1119792130","repostType":4,"repost":{"id":"1119792130","pubTimestamp":1628296709,"share":"https://ttm.financial/m/news/1119792130?lang=&edition=fundamental","pubTime":"2021-08-07 08:38","market":"us","language":"en","title":"Wall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf","url":"https://stock-news.laohu8.com/highlight/detail?id=1119792130","media":"Benzinga","summary":"Does crime pay?\n“Making money is so easy,” said Jordan Belfort in a 2013 interview withNew Yorkmagaz","content":"<p><i>Does crime pay?</i></p>\n<p>“Making money is so easy,” said&nbsp;<b>Jordan Belfort</b>&nbsp;in a 2013 interview withNew Yorkmagazine. “It really is. It’s not hard to do.”</p>\n<p>Belfort’s breezy pronouncement came as part of the publicity drumming for the release of&nbsp;<b>Martin Scorsese’s</b>&nbsp;film version of Belfort’s autobiography<b>“The Wolf of Wall Street,”</b>which starred&nbsp;<b>Leonardo DiCaprio</b>&nbsp;as Belfort.</p>\n<p>The New York article also featured input from&nbsp;<b>Greg Coleman,</b>the FBI special agent responsible for Belfort’s arrest for fraud and stock market manipulation. From Coleman’s perspective, Belfort wasn't worthy of movie star-level worship.</p>\n<p>“From a moral perspective, he was a reprehensible human being,” Coleman said about Belfort. “Admiration would be the wrong word, but from the perspective of manipulating the market, he’s one of the best there is.”</p>\n<p><b>A Kick In The Teeth:</b>A native of New York City, Belfort was born in 1962 in the Bronx and raised in the Bayside section of Queens. Both of his parents were accountants who stressed the value of education and maturity.</p>\n<p>Belfort received a degree in biology from American University and saw his career path in dentistry. He made money to pursue his dental studies by selling Italian ices on a beach in Queens&nbsp;and enrolled in the University of Maryland School of Dentistry.</p>\n<p>He dropped out after the first day of studies when the dean of the school made the astonishing pronouncement:&nbsp;“The golden age of dentistry is over. If you're here simply because you're looking to make a lot of money, you're in the wrong place.\"</p>\n<p>But what was the right career for making money?</p>\n<p>Belfort returned from his day in dental school and found work as a door-to-door salesman in Long Island, where he sold meat and seafood. He started to grow a business based on this endeavor, but the effort failed to click and he wound up filing for bankruptcy by the time he was 25.</p>\n<p>“I was pretty talented,” he would later recall about this unsuccessful venture. “But the margins were too small.”</p>\n<p>However, a family friend pointed him to a position as a stockbroker broker trainee with the Manhattan-based firm<b>L.F. Rothschild,</b>but he lost that position when the firm experienced financial difficulty after the 1987 stock market crash.</p>\n<p>He took positions with other firms including&nbsp;<b>D.H. Blair</b>&nbsp;and<b>&nbsp;F.D. Roberts Securities and Investors Center</b>&nbsp;—&nbsp;the latter was apenny stockbrokerage shut down in 1989 by the U.S. Securities and Exchange Commission (SEC) one year after Belfort joined its staff.</p>\n<p>Discouraged at working for others in unstable environments, Belfort decided to turn entrepreneur and create his own financial operations,&nbsp;and that’s when the would-be dentist started his career lycanthropy into becoming the&nbsp;<b>Wolf of Wall Street.</b></p>\n<p><b>The Kodak Pitch:</b>In 1989, the 27-year-old Belfort teamed with 23-year-old&nbsp;<b>Kenneth Greene,</b>a fellow Investors Center employee who previously drove one of Belfort’s trucks during his meat selling days.</p>\n<p>The pair opened their own brokerage in a spare office in a Queens car dealership and then arranged to set up a franchise of&nbsp;<b>Stratton Securities,</b>a small broker-dealer operation.</p>\n<p>The duo seemed to strike gold quickly. Within five months of starting their franchise, they accumulated $250,000 and were able to buy Stratton Securities for themselves, renaming it&nbsp;<b>Stratton Oakmont</b>&nbsp;and establishing an operations center in Lake Success, a Long Island town which was best known as the first site of the United Nations headquarters before its Manhattan campus was constructed.</p>\n<p>By 1991, Stratton Oakmont generated $30 million in commissions from a 150-person workforce. Many of his team members were twentysomethings from blue-collar backgrounds eager to make a maximum amount of money in a minimal amount of time.</p>\n<p>Belfort also enjoyed his first brush with fame in 1991 via a profile inForbesthat harshly displayed his virtues and vices. On the plus side, the Forbes coverage offered insight into Belfort’s instruction on teaching his eager young employees the art of cold-calling potential investors.</p>\n<p>Using a technique he dubbed the<b>“Kodak pitch,”</b>Belfort instructed his brokers to begin their telephone spiel with a blue-chip stock such as&nbsp;<b>Eastman Kodak</b>&nbsp;before doing a hard-sell on obscurepenny stocks.</p>\n<p>Belfort also insisted that his brokers refuse to take no for an answer, offering them the mantra<b>“Whip their necks off, don't let ‘em off the phone.”</b></p>\n<p>Belfort’s team took his lessons to heart:&nbsp;Forbes reported they were, on average, earning $85,000 a year.</p>\n<p>Yet Forbes also highlighted Stratton Oakmont’s loosey-goosey approach to ethical operations, noting that the SEC began investigating the brokerage in its first year of operations over questionable sales and trading practices. Indeed, the magazine detailed several examples of pump-and-dump efforts by the Stratton Oakmont team that drove up prices on penny stock shares before selling them at their artificially inflated peak.</p>\n<p>Forbes diplomatically declined to identify Stratton Oakmont as a “boiler room,” but it was obvious what was taking place.</p>\n<p>Noting these antics, along with the SEC’s receipt of customer complaints, Forbes dubbed Belfort as “a kind of twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.”&nbsp;Belfort defended his actions, claiming, “We contact high-net-worth investors. I couldn't live with myself if I was calling people who make $50,000 a year, and I'm taking their child's tuition money.”</p>\n<p>Also cited in his media debut was Belfort’s automobile, a&nbsp;<b>$175,000 Ferrari Testarossa.</b>This lavish hedonism was the start of a trend that would shape and then disfigure Belfort’s life.</p>\n<p><b>Ain’t We Got Fun?</b>Besides the SEC, Stratton Oakmont had been under watch by the&nbsp;<b>National Association of Securities Dealers</b>, the forerunner of today’s Financial Industry Regulatory Authority, right after its founding. Yet Stratton Oakmont was not expelled from the NASD until 1996 and Belfort was not indicted for securities fraud until 1999.</p>\n<p>In the years between his Forbes profile and his arrest, Belfort engaged an extravagant form of slow-motion, self-immolation fueled by drug addictions and financed by his pump-and-dump business.</p>\n<p>“I suffered from a disease called ‘more,’ he would lament in retrospect. “No matter how much I had, I wanted more.<b>You don't lose your ethics all at once.</b>It happens very slowly and, almost imperceptibly, you know you're doing things right and one day you step over the line.”</p>\n<p>Well, Belfort certainly went very much over that proverbial line. Financially, he was far ahead of the average American —&nbsp;at the peak of his earning power, he pocketed $50 million per year.</p>\n<p>Belfort’s wealth enabled him to purchase luxury residences and expensive toys that he had a strange habit of destroying, such as&nbsp;a luxury yacht once belonging&nbsp;to&nbsp;iconic designer&nbsp;<b>Coco Chanel</b>&nbsp;which he sank in a storm off the Sardinian coast in 1996;&nbsp;a Mercedes&nbsp;he totaled while driving high on quaaludes; and a helicopter that he somehow crash-landed on the front lawn of one of his mansions.</p>\n<p>The damage he inflicted on his property was mirrored by the insanity&nbsp;his drug habit inflicted on his body. “It was just like coke, coke, coke all day and I was like, ‘Screw you I don't have a problem,’” he would recall, adding, “I was like Al Pacino in ‘Scarface’ with a pile of cocaine. That's what my life had descended to.”</p>\n<p><b>The Inevitable Downfall:</b>Belfort’s luck began to slowly fray by 1994 when he reached an agreement with the SEC that required a lifetime ban from the securities industry. But he circumvented the&nbsp;prohibition by continuing to conduct business through<b>Danny Porush,</b>his right-hand man&nbsp;at Stratton Oakmont.</p>\n<p>Belfort also played fast with the rules in arranging the 1993 initial public offering for childhood friend&nbsp;<b>Steve Madden’s shoe company.</b>Madden would become entangled in Belfort’s schemes, including a deal to secretly buy and sell stock in Stratton deals on behalf of Porush, who was legally limited in trading stocks in those companies, and a secret arrangement to provide Belfort with a majority stake in his company despite the NASD’s severe restrictions on Belfort’s actions.</p>\n<p>Despite evidence of finance chicanery, Belfort’s downfall began with the arrest of his drug dealer, a martial artist named<b>Todd Garrett,</b>who was caught with $200,000 in cash from Belfort and Porush&nbsp;destined to be secretly transported to Switzerland. One year later, a French private banker who worked for a Swiss bank was arrested in Miami as part of a money-laundering scheme. In exchange for a lighter prison sentence, he identified his clients and cited Belfort and Porush.</p>\n<p><b>On Sept.&nbsp;2, 1998, Belfort was arrested for conspiracy to commit money laundering and securities fraud that resulted in 1,513 investors being swindled out of more than $200 million.</b>After a week in custody, Belfort agreed to cut a deal with law enforcement agencies and agreed to wear a wire and record conversations with business associates who were under investigation.</p>\n<p>Belfort’s work as an informant brought dozens of financial professionals and lawyers into prison, but he was not spared from incarceration.&nbsp;Although sentenced to four years in prison in 2003, he only served a 22-month sentence. He was also ordered to pay a $110 million fine.</p>\n<p><b>A Stellar Encore:</b>While serving his prison sentence, Belfort shared a cell with comedian&nbsp;<b>Tommy Chong,</b>who was incarcerated on drug-related charges. Chong encouraged Belfort to write his autobiography. After his release from prison in April 2006, his memoir “The Wolf of Wall Street” was acquired by&nbsp;<b>Random House</b>&nbsp;for $500,000 and became a critically acclaimed best-seller upon its 2007 publication. A second book, “Catching the Wolf of Wall Street,” was published in 2009.</p>\n<p>The film version of “The Wolf of Wall Street” brought Belfort a new degree of pop culture recognition and helped in his post-prison career as&nbsp;<b>a motivational speaker.</b></p>\n<p>These years have not been without controversy. Prosecutors have accused him of failing to compensate the victims of his crimes and pocketing lucrative speaking fees instead of channeling them to his restitution requirements. But the federal government overplayed its hand by accusing him of fleeing to Australia to hide his wealth and avoid paying taxes — Belfort received&nbsp;a public apology for the release of that misinformation.</p>\n<p><b>Belfort filed a $300 million lawsuit against Red Granite,</b>the production company that purchased the film rights to “The Wolf of Wall Street,” after it was exposed that the deal was financed with questionable funds from Malaysia. Belfort insisted he would never have transacted with the company if he was aware of the dirty money that financed its operations.</p>\n<p>Last month, Belfort posted a photo on his Facebook page that found him happily engaged in a poker game on a yacht’s casino table while a half-dozen cuties in bathing suits holding champagne glasses posed behind him. The message that accompanied the photo said,<b>“If you want to be rich, never give up... If you have persistence, you will come out ahead of most people... When you do something, you might fail... Do it differently each time... and one day, you will do it right. Failure is your friend.”</b></p>\n<p>For ex-FBI agent Greg Coleman, Belfort’s phoenix-like rise from the ashes of his own making represented the worst possible conclusion. Coleman&nbsp;considered Belfort’s ability to profit from his swindling and sourly told New York magazine ahead of “The Wolf of Wall Street” film premiere,<b>\"Crime pays.\"</b></p>","source":"lsy1606299360108","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>Wall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf</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\">\nWall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-07 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/08/22341233/wall-street-crime-and-punishment-jordan-belfort-the-boiler-room-wolf><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Does crime pay?\n“Making money is so easy,” said Jordan Belfort in a 2013 interview withNew Yorkmagazine. “It really is. It’s not hard to do.”\nBelfort’s breezy pronouncement came as part of the ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/08/22341233/wall-street-crime-and-punishment-jordan-belfort-the-boiler-room-wolf\">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.benzinga.com/news/21/08/22341233/wall-street-crime-and-punishment-jordan-belfort-the-boiler-room-wolf","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119792130","content_text":"Does crime pay?\n“Making money is so easy,” said Jordan Belfort in a 2013 interview withNew Yorkmagazine. “It really is. It’s not hard to do.”\nBelfort’s breezy pronouncement came as part of the publicity drumming for the release of Martin Scorsese’s film version of Belfort’s autobiography“The Wolf of Wall Street,”which starred Leonardo DiCaprio as Belfort.\nThe New York article also featured input from Greg Coleman,the FBI special agent responsible for Belfort’s arrest for fraud and stock market manipulation. From Coleman’s perspective, Belfort wasn't worthy of movie star-level worship.\n“From a moral perspective, he was a reprehensible human being,” Coleman said about Belfort. “Admiration would be the wrong word, but from the perspective of manipulating the market, he’s one of the best there is.”\nA Kick In The Teeth:A native of New York City, Belfort was born in 1962 in the Bronx and raised in the Bayside section of Queens. Both of his parents were accountants who stressed the value of education and maturity.\nBelfort received a degree in biology from American University and saw his career path in dentistry. He made money to pursue his dental studies by selling Italian ices on a beach in Queens and enrolled in the University of Maryland School of Dentistry.\nHe dropped out after the first day of studies when the dean of the school made the astonishing pronouncement: “The golden age of dentistry is over. If you're here simply because you're looking to make a lot of money, you're in the wrong place.\"\nBut what was the right career for making money?\nBelfort returned from his day in dental school and found work as a door-to-door salesman in Long Island, where he sold meat and seafood. He started to grow a business based on this endeavor, but the effort failed to click and he wound up filing for bankruptcy by the time he was 25.\n“I was pretty talented,” he would later recall about this unsuccessful venture. “But the margins were too small.”\nHowever, a family friend pointed him to a position as a stockbroker broker trainee with the Manhattan-based firmL.F. Rothschild,but he lost that position when the firm experienced financial difficulty after the 1987 stock market crash.\nHe took positions with other firms including D.H. Blair and F.D. Roberts Securities and Investors Center — the latter was apenny stockbrokerage shut down in 1989 by the U.S. Securities and Exchange Commission (SEC) one year after Belfort joined its staff.\nDiscouraged at working for others in unstable environments, Belfort decided to turn entrepreneur and create his own financial operations, and that’s when the would-be dentist started his career lycanthropy into becoming the Wolf of Wall Street.\nThe Kodak Pitch:In 1989, the 27-year-old Belfort teamed with 23-year-old Kenneth Greene,a fellow Investors Center employee who previously drove one of Belfort’s trucks during his meat selling days.\nThe pair opened their own brokerage in a spare office in a Queens car dealership and then arranged to set up a franchise of Stratton Securities,a small broker-dealer operation.\nThe duo seemed to strike gold quickly. Within five months of starting their franchise, they accumulated $250,000 and were able to buy Stratton Securities for themselves, renaming it Stratton Oakmont and establishing an operations center in Lake Success, a Long Island town which was best known as the first site of the United Nations headquarters before its Manhattan campus was constructed.\nBy 1991, Stratton Oakmont generated $30 million in commissions from a 150-person workforce. Many of his team members were twentysomethings from blue-collar backgrounds eager to make a maximum amount of money in a minimal amount of time.\nBelfort also enjoyed his first brush with fame in 1991 via a profile inForbesthat harshly displayed his virtues and vices. On the plus side, the Forbes coverage offered insight into Belfort’s instruction on teaching his eager young employees the art of cold-calling potential investors.\nUsing a technique he dubbed the“Kodak pitch,”Belfort instructed his brokers to begin their telephone spiel with a blue-chip stock such as Eastman Kodak before doing a hard-sell on obscurepenny stocks.\nBelfort also insisted that his brokers refuse to take no for an answer, offering them the mantra“Whip their necks off, don't let ‘em off the phone.”\nBelfort’s team took his lessons to heart: Forbes reported they were, on average, earning $85,000 a year.\nYet Forbes also highlighted Stratton Oakmont’s loosey-goosey approach to ethical operations, noting that the SEC began investigating the brokerage in its first year of operations over questionable sales and trading practices. Indeed, the magazine detailed several examples of pump-and-dump efforts by the Stratton Oakmont team that drove up prices on penny stock shares before selling them at their artificially inflated peak.\nForbes diplomatically declined to identify Stratton Oakmont as a “boiler room,” but it was obvious what was taking place.\nNoting these antics, along with the SEC’s receipt of customer complaints, Forbes dubbed Belfort as “a kind of twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.” Belfort defended his actions, claiming, “We contact high-net-worth investors. I couldn't live with myself if I was calling people who make $50,000 a year, and I'm taking their child's tuition money.”\nAlso cited in his media debut was Belfort’s automobile, a $175,000 Ferrari Testarossa.This lavish hedonism was the start of a trend that would shape and then disfigure Belfort’s life.\nAin’t We Got Fun?Besides the SEC, Stratton Oakmont had been under watch by the National Association of Securities Dealers, the forerunner of today’s Financial Industry Regulatory Authority, right after its founding. Yet Stratton Oakmont was not expelled from the NASD until 1996 and Belfort was not indicted for securities fraud until 1999.\nIn the years between his Forbes profile and his arrest, Belfort engaged an extravagant form of slow-motion, self-immolation fueled by drug addictions and financed by his pump-and-dump business.\n“I suffered from a disease called ‘more,’ he would lament in retrospect. “No matter how much I had, I wanted more.You don't lose your ethics all at once.It happens very slowly and, almost imperceptibly, you know you're doing things right and one day you step over the line.”\nWell, Belfort certainly went very much over that proverbial line. Financially, he was far ahead of the average American — at the peak of his earning power, he pocketed $50 million per year.\nBelfort’s wealth enabled him to purchase luxury residences and expensive toys that he had a strange habit of destroying, such as a luxury yacht once belonging to iconic designer Coco Chanel which he sank in a storm off the Sardinian coast in 1996; a Mercedes he totaled while driving high on quaaludes; and a helicopter that he somehow crash-landed on the front lawn of one of his mansions.\nThe damage he inflicted on his property was mirrored by the insanity his drug habit inflicted on his body. “It was just like coke, coke, coke all day and I was like, ‘Screw you I don't have a problem,’” he would recall, adding, “I was like Al Pacino in ‘Scarface’ with a pile of cocaine. That's what my life had descended to.”\nThe Inevitable Downfall:Belfort’s luck began to slowly fray by 1994 when he reached an agreement with the SEC that required a lifetime ban from the securities industry. But he circumvented the prohibition by continuing to conduct business throughDanny Porush,his right-hand man at Stratton Oakmont.\nBelfort also played fast with the rules in arranging the 1993 initial public offering for childhood friend Steve Madden’s shoe company.Madden would become entangled in Belfort’s schemes, including a deal to secretly buy and sell stock in Stratton deals on behalf of Porush, who was legally limited in trading stocks in those companies, and a secret arrangement to provide Belfort with a majority stake in his company despite the NASD’s severe restrictions on Belfort’s actions.\nDespite evidence of finance chicanery, Belfort’s downfall began with the arrest of his drug dealer, a martial artist namedTodd Garrett,who was caught with $200,000 in cash from Belfort and Porush destined to be secretly transported to Switzerland. One year later, a French private banker who worked for a Swiss bank was arrested in Miami as part of a money-laundering scheme. In exchange for a lighter prison sentence, he identified his clients and cited Belfort and Porush.\nOn Sept. 2, 1998, Belfort was arrested for conspiracy to commit money laundering and securities fraud that resulted in 1,513 investors being swindled out of more than $200 million.After a week in custody, Belfort agreed to cut a deal with law enforcement agencies and agreed to wear a wire and record conversations with business associates who were under investigation.\nBelfort’s work as an informant brought dozens of financial professionals and lawyers into prison, but he was not spared from incarceration. Although sentenced to four years in prison in 2003, he only served a 22-month sentence. He was also ordered to pay a $110 million fine.\nA Stellar Encore:While serving his prison sentence, Belfort shared a cell with comedian Tommy Chong,who was incarcerated on drug-related charges. Chong encouraged Belfort to write his autobiography. After his release from prison in April 2006, his memoir “The Wolf of Wall Street” was acquired by Random House for $500,000 and became a critically acclaimed best-seller upon its 2007 publication. A second book, “Catching the Wolf of Wall Street,” was published in 2009.\nThe film version of “The Wolf of Wall Street” brought Belfort a new degree of pop culture recognition and helped in his post-prison career as a motivational speaker.\nThese years have not been without controversy. Prosecutors have accused him of failing to compensate the victims of his crimes and pocketing lucrative speaking fees instead of channeling them to his restitution requirements. But the federal government overplayed its hand by accusing him of fleeing to Australia to hide his wealth and avoid paying taxes — Belfort received a public apology for the release of that misinformation.\nBelfort filed a $300 million lawsuit against Red Granite,the production company that purchased the film rights to “The Wolf of Wall Street,” after it was exposed that the deal was financed with questionable funds from Malaysia. Belfort insisted he would never have transacted with the company if he was aware of the dirty money that financed its operations.\nLast month, Belfort posted a photo on his Facebook page that found him happily engaged in a poker game on a yacht’s casino table while a half-dozen cuties in bathing suits holding champagne glasses posed behind him. The message that accompanied the photo said,“If you want to be rich, never give up... If you have persistence, you will come out ahead of most people... When you do something, you might fail... Do it differently each time... and one day, you will do it right. Failure is your friend.”\nFor ex-FBI agent Greg Coleman, Belfort’s phoenix-like rise from the ashes of his own making represented the worst possible conclusion. Coleman considered Belfort’s ability to profit from his swindling and sourly told New York magazine ahead of “The Wolf of Wall Street” film premiere,\"Crime pays.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891034713,"gmtCreate":1628306044232,"gmtModify":1703504869123,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Best stock!!&nbsp;","listText":"Best stock!!&nbsp;","text":"Best stock!!","images":[{"img":"https://static.tigerbbs.com/d85b42671db511f2ff17d8d65dbfd4f3","width":"1125","height":"3572"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891034713","isVote":1,"tweetType":1,"viewCount":112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":805070721,"gmtCreate":1627828900163,"gmtModify":1703496356986,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>value&nbsp;","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>value&nbsp;","text":"$Alibaba(09988)$value","images":[{"img":"https://static.tigerbbs.com/a9dad4c30212d37368df352c0af1b7ec","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805070721","isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":153708268,"gmtCreate":1625047441154,"gmtModify":1703734808426,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow the the moon&nbsp;","listText":"Wow the the moon&nbsp;","text":"Wow the the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153708268","repostId":"1145186822","repostType":4,"repost":{"id":"1145186822","pubTimestamp":1625043845,"share":"https://ttm.financial/m/news/1145186822?lang=&edition=fundamental","pubTime":"2021-06-30 17:04","market":"us","language":"en","title":"Buffett and Munger Talk Zoom, Robinhood, and Lessons From the Pandemic","url":"https://stock-news.laohu8.com/highlight/detail?id=1145186822","media":"Barrons","summary":"Unlike his longtime friend and business partner Charlie Munger,Berkshire Hathaway CEO Warren Buffett","content":"<p>Unlike his longtime friend and business partner Charlie Munger,Berkshire Hathaway&nbsp;CEO Warren Buffett isn’t a huge fan of&nbsp;Zoom&nbsp;meetings.</p>\n<p>“I did it once or twice, and they had a whole screen of people. I just didn’t figure it was adding to the experience,” Buffett, 90, said&nbsp;in an interview with CNBC&nbsp;that aired Tuesday. “I find the telephone a very satisfactory instrument.”</p>\n<p>Munger, on the other hand, uses the service three times a day. “I think Zoom is here to stay,” Munger said. “It just adds so much convenience.”</p>\n<p>“Well, particularly, if you’re 97,” Buffett quipped, referring to Munger’s age.</p>\n<p>In an interview with CNBC filmed from Munger’s backyard in Los Angeles after&nbsp;Berkshire Hathaway’s annual meeting&nbsp;in May, the pair also discussed the uneven impact of the pandemic on small businesses, their negative views of trading platform Robinhood, and the dangers of excessive margin.</p>\n<p>On the impact of the pandemic, Buffett said: “I don’t know how many but many hundreds of thousands or millions of small businesses have been hurt in a terrible way. But most of the big, big companies have overwhelmingly done fine unless they happen to be in cruise lines or hotels or something.”</p>\n<p>Munger said he believes a lot of business travel, among other things, won’t come back following the pandemic. “A lot of people have found they don’t need to be [in an office]. I think all kinds of things are going to happen that we don’t go back to what we did before.”</p>\n<p>“Some people did better than [the U.S.],” Munger added, referring to China’s aggressive response to the virus and subsequent recovery. “They didn’t allow any contact. You picked up your groceries in a box in the apartment and that’s all the contact you had with anybody for six weeks. And, when it was all over, they kind of went back to work. It happened they did it exactly right.”</p>\n<p>Much of the special was biographical, with Buffett and Munger reflecting on their first meeting and how their friendship-at-first-sight evolved into a decadeslong venture&nbsp;transforming the Berkshire Hathaway textile company into one of the world’s largest conglomerates.</p>\n<p>Asked about Robinhood, Munger called the stock trading app “a gambling parlor masquerading as a respectable business.”</p>\n<p>“[Robinhood] is not encouraging people to buy a very, very, very low-cost index fund and hold it for 50 years,” Buffett said. “I will guarantee you that you will not walk in there, get that advice. Instead, you’ll get advice on how you can trade options.”</p>\n<p>Munger also suggested apps like Robinhood aren’t commission-free because the real costs—namely the process of&nbsp;payment for order flow—are hidden.</p>\n<p>“It’s basically a sleazy, disreputable operation,” Munger said. “And the interesting thing about it is that some good people you would be glad to have marry into your family have backed it.”</p>\n<p>Reached for comment, a Robinhood spokesperson referred<i>Barron’s</i>to a May 3 statement from when Munger and Buffett previously criticized the app. “Robinhood has made investing simpler and more accessible to more people — and the public has responded. We are proud of that fact,” Jacqueline Ortiz Ramsay, head of public policy communications at Robinhood,wrote at the time.</p>\n<p>Regarding the&nbsp;blow-up of&nbsp;hedge fund Archegos Capital that resulted in market volatility and major losses at several banks earlier this year, Munger called for more strict margin requirements.</p>\n<p>“The people who are making money out of this unreasonable extension of credit argue for it, and nobody’s speaking against it,” Munger said. “And last time around, we got the correct regulation that came and stayed for a long time on margin debt only because we had the worst depression in the history of the English-speaking world. That’s what it took to get a little sense into the politicians.”</p>","source":"lsy1601382232898","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>Buffett and Munger Talk Zoom, Robinhood, and Lessons From the Pandemic</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\">\nBuffett and Munger Talk Zoom, Robinhood, and Lessons From the Pandemic\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/buffett-munger-zoom-robinhood-pandemic-51625020162?mod=hp_LEADSUPP_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Unlike his longtime friend and business partner Charlie Munger,Berkshire Hathaway CEO Warren Buffett isn’t a huge fan of Zoom meetings.\n“I did it once or twice, and they had a whole screen of people. ...</p>\n\n<a href=\"https://www.barrons.com/articles/buffett-munger-zoom-robinhood-pandemic-51625020162?mod=hp_LEADSUPP_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom","BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://www.barrons.com/articles/buffett-munger-zoom-robinhood-pandemic-51625020162?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145186822","content_text":"Unlike his longtime friend and business partner Charlie Munger,Berkshire Hathaway CEO Warren Buffett isn’t a huge fan of Zoom meetings.\n“I did it once or twice, and they had a whole screen of people. I just didn’t figure it was adding to the experience,” Buffett, 90, said in an interview with CNBC that aired Tuesday. “I find the telephone a very satisfactory instrument.”\nMunger, on the other hand, uses the service three times a day. “I think Zoom is here to stay,” Munger said. “It just adds so much convenience.”\n“Well, particularly, if you’re 97,” Buffett quipped, referring to Munger’s age.\nIn an interview with CNBC filmed from Munger’s backyard in Los Angeles after Berkshire Hathaway’s annual meeting in May, the pair also discussed the uneven impact of the pandemic on small businesses, their negative views of trading platform Robinhood, and the dangers of excessive margin.\nOn the impact of the pandemic, Buffett said: “I don’t know how many but many hundreds of thousands or millions of small businesses have been hurt in a terrible way. But most of the big, big companies have overwhelmingly done fine unless they happen to be in cruise lines or hotels or something.”\nMunger said he believes a lot of business travel, among other things, won’t come back following the pandemic. “A lot of people have found they don’t need to be [in an office]. I think all kinds of things are going to happen that we don’t go back to what we did before.”\n“Some people did better than [the U.S.],” Munger added, referring to China’s aggressive response to the virus and subsequent recovery. “They didn’t allow any contact. You picked up your groceries in a box in the apartment and that’s all the contact you had with anybody for six weeks. And, when it was all over, they kind of went back to work. It happened they did it exactly right.”\nMuch of the special was biographical, with Buffett and Munger reflecting on their first meeting and how their friendship-at-first-sight evolved into a decadeslong venture transforming the Berkshire Hathaway textile company into one of the world’s largest conglomerates.\nAsked about Robinhood, Munger called the stock trading app “a gambling parlor masquerading as a respectable business.”\n“[Robinhood] is not encouraging people to buy a very, very, very low-cost index fund and hold it for 50 years,” Buffett said. “I will guarantee you that you will not walk in there, get that advice. Instead, you’ll get advice on how you can trade options.”\nMunger also suggested apps like Robinhood aren’t commission-free because the real costs—namely the process of payment for order flow—are hidden.\n“It’s basically a sleazy, disreputable operation,” Munger said. “And the interesting thing about it is that some good people you would be glad to have marry into your family have backed it.”\nReached for comment, a Robinhood spokesperson referredBarron’sto a May 3 statement from when Munger and Buffett previously criticized the app. “Robinhood has made investing simpler and more accessible to more people — and the public has responded. We are proud of that fact,” Jacqueline Ortiz Ramsay, head of public policy communications at Robinhood,wrote at the time.\nRegarding the blow-up of hedge fund Archegos Capital that resulted in market volatility and major losses at several banks earlier this year, Munger called for more strict margin requirements.\n“The people who are making money out of this unreasonable extension of credit argue for it, and nobody’s speaking against it,” Munger said. “And last time around, we got the correct regulation that came and stayed for a long time on margin debt only because we had the worst depression in the history of the English-speaking world. That’s what it took to get a little sense into the politicians.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122487717,"gmtCreate":1624630261239,"gmtModify":1703842242995,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122487717","repostId":"1130094078","repostType":4,"repost":{"id":"1130094078","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1624625333,"share":"https://ttm.financial/m/news/1130094078?lang=&edition=fundamental","pubTime":"2021-06-25 20:48","market":"us","language":"en","title":"SPAC Wars: DraftKings Vs. Rush Street Interactive","url":"https://stock-news.laohu8.com/highlight/detail?id=1130094078","media":"Benzinga","summary":"The hosts of Benzinga’s “SPACs Attack” held several SPAC Wars battles featuring companies that went ","content":"<p>The hosts of Benzinga’s “SPACs Attack” held several SPAC Wars battles featuring companies that went public via SPAC merger competing in the same industry.</p>\n<p>One of the high-profilebattleswas<b>Draftkings Inc</b>(NASDAQ:DKNG) versus<b>Rush Street Interactive Inc</b>(NYSE:RSI), two companies operating in the online sports betting and online gaming sector.</p>\n<p><b>DraftKings:</b>&nbsp;Co-host Chris Katje highlighted DraftKings as the online sports betting company present in more states than any other competitor.</p>\n<p>There are three online sports betting companies that operate in 10 or more states with DraftKings being the leader by a number of states.</p>\n<p>“DraftKings is one of the best performing former SPACs out there,” Katje said.</p>\n<p>DraftKings has a strong market share of No. 1 or&nbsp;No. 2 in many of its states including New Jersey, the most mature market, and Pennsylvania where it beats Barstool Sports and<b>Penn National Gaming Inc</b>(NASDAQ:PENN) in its home state.</p>\n<p>DraftKingsreportedfirst-quarter revenue of $312 million, up 175% year-over-year and 1.5 million monthly unique players, up 114% year-over-year.</p>\n<p>With FanDuel&nbsp;trading as a unit of OTC stock<b>Flutter Entertainment ADR</b>(OTC:PDYPY), DraftKings is a pure-play option for investors.</p>\n<p>“DraftKings is the pure-play here, the market leader for investors to get excited about,” Katje said.</p>\n<p>DraftKings expansion into media through a chief media officer, new acquisitions and investments could help the company grow its customer base, Katje added.</p>\n<p><b>Rush Street Interactive:</b>&nbsp;Strong analyst ratings and price targets for Rush Street Interactive could highlight how undervalued the company is, co-host Mitch Hoch said.</p>\n<p>“You’re paying up for that DraftKings,” Hoch said highlighting the 5.4x revenue valuation for Rush Street Interactive compared to a double-digit multiple for DraftKings.</p>\n<p>Revenue growth is expected to be higher in the future for Rush Street compared to peers, Hoch pointed out.</p>\n<p>“The fundamentals are making sense,” he said.</p>\n<p>Hoch also highlighted the international exposure Rush Street Interactive has with operations in Colombia.</p>\n<p>“Rush Street focusing on profits,” Katje said. The host added that the smaller Rush Street could be an acquisition target to a larger player with its technology stack andexposureto several states.</p>\n<p><b>The Winner:</b>&nbsp;Viewers of “SPACs Attack” picked Rush Street Interactive as the winner in the battle.</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>SPAC Wars: DraftKings Vs. Rush Street Interactive</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\">\nSPAC Wars: DraftKings Vs. Rush Street Interactive\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-25 20:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The hosts of Benzinga’s “SPACs Attack” held several SPAC Wars battles featuring companies that went public via SPAC merger competing in the same industry.</p>\n<p>One of the high-profilebattleswas<b>Draftkings Inc</b>(NASDAQ:DKNG) versus<b>Rush Street Interactive Inc</b>(NYSE:RSI), two companies operating in the online sports betting and online gaming sector.</p>\n<p><b>DraftKings:</b>&nbsp;Co-host Chris Katje highlighted DraftKings as the online sports betting company present in more states than any other competitor.</p>\n<p>There are three online sports betting companies that operate in 10 or more states with DraftKings being the leader by a number of states.</p>\n<p>“DraftKings is one of the best performing former SPACs out there,” Katje said.</p>\n<p>DraftKings has a strong market share of No. 1 or&nbsp;No. 2 in many of its states including New Jersey, the most mature market, and Pennsylvania where it beats Barstool Sports and<b>Penn National Gaming Inc</b>(NASDAQ:PENN) in its home state.</p>\n<p>DraftKingsreportedfirst-quarter revenue of $312 million, up 175% year-over-year and 1.5 million monthly unique players, up 114% year-over-year.</p>\n<p>With FanDuel&nbsp;trading as a unit of OTC stock<b>Flutter Entertainment ADR</b>(OTC:PDYPY), DraftKings is a pure-play option for investors.</p>\n<p>“DraftKings is the pure-play here, the market leader for investors to get excited about,” Katje said.</p>\n<p>DraftKings expansion into media through a chief media officer, new acquisitions and investments could help the company grow its customer base, Katje added.</p>\n<p><b>Rush Street Interactive:</b>&nbsp;Strong analyst ratings and price targets for Rush Street Interactive could highlight how undervalued the company is, co-host Mitch Hoch said.</p>\n<p>“You’re paying up for that DraftKings,” Hoch said highlighting the 5.4x revenue valuation for Rush Street Interactive compared to a double-digit multiple for DraftKings.</p>\n<p>Revenue growth is expected to be higher in the future for Rush Street compared to peers, Hoch pointed out.</p>\n<p>“The fundamentals are making sense,” he said.</p>\n<p>Hoch also highlighted the international exposure Rush Street Interactive has with operations in Colombia.</p>\n<p>“Rush Street focusing on profits,” Katje said. The host added that the smaller Rush Street could be an acquisition target to a larger player with its technology stack andexposureto several states.</p>\n<p><b>The Winner:</b>&nbsp;Viewers of “SPACs Attack” picked Rush Street Interactive as the winner in the battle.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc.","RSI":"Rush Street Interactive, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130094078","content_text":"The hosts of Benzinga’s “SPACs Attack” held several SPAC Wars battles featuring companies that went public via SPAC merger competing in the same industry.\nOne of the high-profilebattleswasDraftkings Inc(NASDAQ:DKNG) versusRush Street Interactive Inc(NYSE:RSI), two companies operating in the online sports betting and online gaming sector.\nDraftKings: Co-host Chris Katje highlighted DraftKings as the online sports betting company present in more states than any other competitor.\nThere are three online sports betting companies that operate in 10 or more states with DraftKings being the leader by a number of states.\n“DraftKings is one of the best performing former SPACs out there,” Katje said.\nDraftKings has a strong market share of No. 1 or No. 2 in many of its states including New Jersey, the most mature market, and Pennsylvania where it beats Barstool Sports andPenn National Gaming Inc(NASDAQ:PENN) in its home state.\nDraftKingsreportedfirst-quarter revenue of $312 million, up 175% year-over-year and 1.5 million monthly unique players, up 114% year-over-year.\nWith FanDuel trading as a unit of OTC stockFlutter Entertainment ADR(OTC:PDYPY), DraftKings is a pure-play option for investors.\n“DraftKings is the pure-play here, the market leader for investors to get excited about,” Katje said.\nDraftKings expansion into media through a chief media officer, new acquisitions and investments could help the company grow its customer base, Katje added.\nRush Street Interactive: Strong analyst ratings and price targets for Rush Street Interactive could highlight how undervalued the company is, co-host Mitch Hoch said.\n“You’re paying up for that DraftKings,” Hoch said highlighting the 5.4x revenue valuation for Rush Street Interactive compared to a double-digit multiple for DraftKings.\nRevenue growth is expected to be higher in the future for Rush Street compared to peers, Hoch pointed out.\n“The fundamentals are making sense,” he said.\nHoch also highlighted the international exposure Rush Street Interactive has with operations in Colombia.\n“Rush Street focusing on profits,” Katje said. The host added that the smaller Rush Street could be an acquisition target to a larger player with its technology stack andexposureto several states.\nThe Winner: Viewers of “SPACs Attack” picked Rush Street Interactive as the winner in the battle.","news_type":1},"isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110155725,"gmtCreate":1622433352867,"gmtModify":1704184352267,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/110155725","repostId":"2139487279","repostType":4,"repost":{"id":"2139487279","pubTimestamp":1622423940,"share":"https://ttm.financial/m/news/2139487279?lang=&edition=fundamental","pubTime":"2021-05-31 09:19","market":"us","language":"en","title":"3 Top Marijuana Stocks to Buy Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2139487279","media":"Motley Fool","summary":"These stocks are in a great position to grow regardless of what happens with federal cannabis reform.","content":"<p>There was a sense of euphoria among many cannabis investors after Democrats regained effective control of the U.S. Senate as well as the White House. The countdown seemed to be on until major cannabis reforms were passed at the federal level.&nbsp;However, there haven't been any truly meaningful wins at the legislative level so far.</p><p>That doesn't mean that cannabis companies haven't made significant progress over the last few months, though. Some of them are arguably even more attractive than they were after Election Day.&nbsp;Here are three top marijuana stocks to buy right now.<img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F628090%2Fcannabis-leaf-in-shopping-cart.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"524\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><h2>Trulieve Cannabis</h2><p>It wasn't all that long ago that&nbsp;<b>Trulieve Cannabis</b> (OTC:TCNNF) was essentially a <a href=\"https://laohu8.com/S/AONE\">one</a>-state cannabis operator. Granted, the company absolutely dominated the medical cannabis market in that <a href=\"https://laohu8.com/S/AONE.U\">one</a> state -- Florida. And, sure, Trulieve had taken steps to expand into other markets. However, there were some valid reasons to be skeptical about the company's ability to replicate its success beyond Florida.</p><p>That's no longer the case. Earlier this month, Trulieve announced plans to acquire <b>Harvest Health &amp; Recreation</b> (OTC:HRVSF) in an all-stock transaction valued at $2.1 billion. This deal will add operations in five additional states for Trulieve, including the fast-growing markets in Arizona and Nevada.</p><p>The acquisition is expected to close in the third quarter of 2021. Assuming there are no roadblocks, Trulieve should soon boost its estimated total addressable market by more than 50%. The combined company will also be the most profitable U.S. multistate operator based on adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).</p><p>In the meantime, Trulieve continues to deliver sizzling growth all on its own. The company's sales more than doubled year over year in the first quarter thanks mainly to expansion in Florida. Trulieve also posted strong earnings growth. The addition of Harvest will make this winning marijuana stock even more attractive.</p><h2>Jushi Holdings</h2><p>Although there hasn't been tangible progress in recent months at the federal level in improving the outlook for the U.S. cannabis industry, it's a different story at the state level. For example, Virginia's legislature voted to legalize adult-use recreational marijuana. That should present a great opportunity for&nbsp;<b>Jushi Holdings</b> (OTC:JUSHF).</p><p>Virginia isn't exactly in a hurry. The state's adult-use market won't open until 2024. However, that actually could work to Jushi's advantage.</p><p>The company already owns a medical cannabis license in northern Virginia, home to almost 30% of the state's population. Look for Jushi to build up its brand in the medical cannabis market over the next couple of years. That could give it a strong competitive position for the recreational market that's on the way.</p><p>Jushi's growth prospects aren't dependent just on Virginia, though. The company has operations in California, Illinois, Nevada, and Pennsylvania with acquisitions pending in Massachusetts and Ohio.</p><h2>Scotts Miracle-Gro</h2><p>Investors who might be a little skittish about buying shares of a pure-play pot stock have several appealing alternatives. I think that&nbsp;<b>Scotts Miracle-Gro</b> (NYSE:SMG) ranks as one of the best.</p><p>You're probably at least somewhat familiar with Scotts' line of consumer lawn and garden products. That business remains the company's biggest source of revenue, generating roughly three-quarters of total sales in the latest quarter.</p><p>However, Scotts' main growth driver now is its Hawthorne segment. Hawthorne is a leading supplier of hydroponics and gardening products to the cannabis industry. Its revenue soared 66% year over year in Scotts' fiscal second quarter.</p><p>CEO Jim Hagedorn said in the company's Q2 conference call, \"Whether we see federal reform with this administration or not, clearly the momentum at the state level is not slowing down. We'll see more markets open and create more opportunities for growth.\" I think he's right.</p>","source":"fool_stock","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 Top Marijuana Stocks to Buy Right Now</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 Top Marijuana Stocks to Buy Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-31 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/30/3-top-marijuana-stocks-to-buy-right-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There was a sense of euphoria among many cannabis investors after Democrats regained effective control of the U.S. Senate as well as the White House. The countdown seemed to be on until major cannabis...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/30/3-top-marijuana-stocks-to-buy-right-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JUSHF":"Jushi Holdings Inc.","TCNNF":"Trulieve Cannabis Corporation","SMG":"Scotts Miracle-Gro Company"},"source_url":"https://www.fool.com/investing/2021/05/30/3-top-marijuana-stocks-to-buy-right-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2139487279","content_text":"There was a sense of euphoria among many cannabis investors after Democrats regained effective control of the U.S. Senate as well as the White House. The countdown seemed to be on until major cannabis reforms were passed at the federal level. However, there haven't been any truly meaningful wins at the legislative level so far.That doesn't mean that cannabis companies haven't made significant progress over the last few months, though. Some of them are arguably even more attractive than they were after Election Day. Here are three top marijuana stocks to buy right now.Image source: Getty Images.Trulieve CannabisIt wasn't all that long ago that Trulieve Cannabis (OTC:TCNNF) was essentially a one-state cannabis operator. Granted, the company absolutely dominated the medical cannabis market in that one state -- Florida. And, sure, Trulieve had taken steps to expand into other markets. However, there were some valid reasons to be skeptical about the company's ability to replicate its success beyond Florida.That's no longer the case. Earlier this month, Trulieve announced plans to acquire Harvest Health & Recreation (OTC:HRVSF) in an all-stock transaction valued at $2.1 billion. This deal will add operations in five additional states for Trulieve, including the fast-growing markets in Arizona and Nevada.The acquisition is expected to close in the third quarter of 2021. Assuming there are no roadblocks, Trulieve should soon boost its estimated total addressable market by more than 50%. The combined company will also be the most profitable U.S. multistate operator based on adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).In the meantime, Trulieve continues to deliver sizzling growth all on its own. The company's sales more than doubled year over year in the first quarter thanks mainly to expansion in Florida. Trulieve also posted strong earnings growth. The addition of Harvest will make this winning marijuana stock even more attractive.Jushi HoldingsAlthough there hasn't been tangible progress in recent months at the federal level in improving the outlook for the U.S. cannabis industry, it's a different story at the state level. For example, Virginia's legislature voted to legalize adult-use recreational marijuana. That should present a great opportunity for Jushi Holdings (OTC:JUSHF).Virginia isn't exactly in a hurry. The state's adult-use market won't open until 2024. However, that actually could work to Jushi's advantage.The company already owns a medical cannabis license in northern Virginia, home to almost 30% of the state's population. Look for Jushi to build up its brand in the medical cannabis market over the next couple of years. That could give it a strong competitive position for the recreational market that's on the way.Jushi's growth prospects aren't dependent just on Virginia, though. The company has operations in California, Illinois, Nevada, and Pennsylvania with acquisitions pending in Massachusetts and Ohio.Scotts Miracle-GroInvestors who might be a little skittish about buying shares of a pure-play pot stock have several appealing alternatives. I think that Scotts Miracle-Gro (NYSE:SMG) ranks as one of the best.You're probably at least somewhat familiar with Scotts' line of consumer lawn and garden products. That business remains the company's biggest source of revenue, generating roughly three-quarters of total sales in the latest quarter.However, Scotts' main growth driver now is its Hawthorne segment. Hawthorne is a leading supplier of hydroponics and gardening products to the cannabis industry. Its revenue soared 66% year over year in Scotts' fiscal second quarter.CEO Jim Hagedorn said in the company's Q2 conference call, \"Whether we see federal reform with this administration or not, clearly the momentum at the state level is not slowing down. We'll see more markets open and create more opportunities for growth.\" I think he's right.","news_type":1},"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137452801,"gmtCreate":1622381389603,"gmtModify":1704183673829,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/137452801","repostId":"2138488778","repostType":4,"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132678895,"gmtCreate":1622088441617,"gmtModify":1704179241380,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132678895","repostId":"1172748286","repostType":4,"repost":{"id":"1172748286","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1622082811,"share":"https://ttm.financial/m/news/1172748286?lang=&edition=fundamental","pubTime":"2021-05-27 10:33","market":"us","language":"en","title":"Signs Crop Up That Apple Is Exploring Cryptocurrency: What You Need To Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1172748286","media":"Benzinga","summary":"Apple Inc (NASDAQ:AAPL)  is on the hunt for a business development manager with experience in \"crypt","content":"<p><b>Apple Inc</b>&nbsp;(NASDAQ:AAPL)&nbsp; is on the hunt for a business development manager with experience in \"cryptocurrency\"&nbsp;to lead alternative payments partnerships, as per a job posting on its website.</p><p><b>What Happened:</b>&nbsp;“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” Apple wrote in the listing. The iPhone maker called for candidates with \"5+ years experience working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency.\"</p><p>The vacancy listed Wednesday mentions duties such as “forming partnership framework and commercial models, defining implementation paradigms, identifying key players and managing relationships with strategic alternative payment partners.”</p><p>The person Apple is looking to hire for its Cupertino, California headquarters would be responsible for “end to end business development,” which involves negotiating and closing commercial agreements.</p><p><b>Why It Matters:</b>&nbsp;Apple has yet to accept cryptocurrencies as a form of payment and has tight control over payments.</p><p>The Tim Cook-led tech giant is currently embroiled in a legal dispute with “Fortnite” maker Epic Games overin-app payments.</p><p>In February, an analyst at RBC said that if the iPhone maker were to develop itsApple Wallet into a cryptocurrency exchangeit would have a sizable new market opportunity in the billions.</p><p>The analyst pointed to&nbsp;<b>Square Inc</b>(NYSE:SQ) and&nbsp;<b>Paypal Holdings Inc</b>(NASDAQ:PYPL) along with&nbsp;<b>Coinbase Global Inc</b>(NASDAQ:COIN) which have validated the business model.</p><p><b>Price Action:</b>&nbsp;On Wednesday, Apple shares closed mostly unchanged at $126.85 and fell 0.12% in the after-hours session.<b>Bitcoin</b>(BTC) traded 0.96% lower at $38,332.92 at press time.</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>Signs Crop Up That Apple Is Exploring Cryptocurrency: What You Need To Know</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\">\nSigns Crop Up That Apple Is Exploring Cryptocurrency: What You Need To Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-27 10:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Apple Inc</b>&nbsp;(NASDAQ:AAPL)&nbsp; is on the hunt for a business development manager with experience in \"cryptocurrency\"&nbsp;to lead alternative payments partnerships, as per a job posting on its website.</p><p><b>What Happened:</b>&nbsp;“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” Apple wrote in the listing. The iPhone maker called for candidates with \"5+ years experience working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency.\"</p><p>The vacancy listed Wednesday mentions duties such as “forming partnership framework and commercial models, defining implementation paradigms, identifying key players and managing relationships with strategic alternative payment partners.”</p><p>The person Apple is looking to hire for its Cupertino, California headquarters would be responsible for “end to end business development,” which involves negotiating and closing commercial agreements.</p><p><b>Why It Matters:</b>&nbsp;Apple has yet to accept cryptocurrencies as a form of payment and has tight control over payments.</p><p>The Tim Cook-led tech giant is currently embroiled in a legal dispute with “Fortnite” maker Epic Games overin-app payments.</p><p>In February, an analyst at RBC said that if the iPhone maker were to develop itsApple Wallet into a cryptocurrency exchangeit would have a sizable new market opportunity in the billions.</p><p>The analyst pointed to&nbsp;<b>Square Inc</b>(NYSE:SQ) and&nbsp;<b>Paypal Holdings Inc</b>(NASDAQ:PYPL) along with&nbsp;<b>Coinbase Global Inc</b>(NASDAQ:COIN) which have validated the business model.</p><p><b>Price Action:</b>&nbsp;On Wednesday, Apple shares closed mostly unchanged at $126.85 and fell 0.12% in the after-hours session.<b>Bitcoin</b>(BTC) traded 0.96% lower at $38,332.92 at press time.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172748286","content_text":"Apple Inc (NASDAQ:AAPL)  is on the hunt for a business development manager with experience in \"cryptocurrency\" to lead alternative payments partnerships, as per a job posting on its website.What Happened: “The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” Apple wrote in the listing. The iPhone maker called for candidates with \"5+ years experience working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency.\"The vacancy listed Wednesday mentions duties such as “forming partnership framework and commercial models, defining implementation paradigms, identifying key players and managing relationships with strategic alternative payment partners.”The person Apple is looking to hire for its Cupertino, California headquarters would be responsible for “end to end business development,” which involves negotiating and closing commercial agreements.Why It Matters: Apple has yet to accept cryptocurrencies as a form of payment and has tight control over payments.The Tim Cook-led tech giant is currently embroiled in a legal dispute with “Fortnite” maker Epic Games overin-app payments.In February, an analyst at RBC said that if the iPhone maker were to develop itsApple Wallet into a cryptocurrency exchangeit would have a sizable new market opportunity in the billions.The analyst pointed to Square Inc(NYSE:SQ) and Paypal Holdings Inc(NASDAQ:PYPL) along with Coinbase Global Inc(NASDAQ:COIN) which have validated the business model.Price Action: On Wednesday, Apple shares closed mostly unchanged at $126.85 and fell 0.12% in the after-hours session.Bitcoin(BTC) traded 0.96% lower at $38,332.92 at press time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138147428,"gmtCreate":1621920998264,"gmtModify":1704364482292,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138147428","repostId":"2137132568","repostType":4,"repost":{"id":"2137132568","pubTimestamp":1621915020,"share":"https://ttm.financial/m/news/2137132568?lang=&edition=fundamental","pubTime":"2021-05-25 11:57","market":"us","language":"en","title":"10 Reasons the Cryptocurrency Bubble Is Bursting","url":"https://stock-news.laohu8.com/highlight/detail?id=2137132568","media":"Motley Fool","summary":"This might be more than just a \"healthy pullback.\"","content":"<blockquote><b>This might be more than just a \"healthy pullback.\"</b></blockquote><p>For more than 100 years, the stock market has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.</p><p>That is until cryptocurrencies came along a little over a decade ago.</p><p>The emergence of <b>Bitcoin</b> (CRYPTO:BTC), <b>Ethereum</b> (CRYPTO:ETH), <b>Dogecoin</b> (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.</p><p>But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.</p><p>While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.</p><p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>1. There's very minimal real-world utility</p><p>One of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.</p><p>2. Valuations, relative to transaction data, made no sense</p><p>Even though valuation is somewhat subjective, <a href=\"https://laohu8.com/S/AONE.U\">one</a> glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA), would leave anyone's jaw on the floor.</p><p>The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.</p><p><img src=\"https://static.tigerbbs.com/ce89a01a16c15dafb27017a6a42cedc3\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>3. Businesses have been slow to adopt blockchain</p><p>On paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.</p><p>However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.</p><p>4. There's virtually no barrier to entry</p><p>Aside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.</p><p>In short, the crypto space is constantly being diluted by an unlimited amount of competition.</p><p><img src=\"https://static.tigerbbs.com/614d7f34734e33d740f7f9c02ed3f8fd\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>5. Centralization remains a problem</p><p>One of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.</p><p>6. Elon Musk is tugging at heartstrings</p><p>Another reason the crypto bubble is bursting is that it's been artificially driven by tweets from <b>Tesla</b>&nbsp;CEO Elon Musk.</p><p>At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.</p><p>The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.</p><p><img src=\"https://static.tigerbbs.com/4c7f03bc8a60bee0f293f0582f185505\" tg-width=\"700\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>7. Not all governments are OK with crypto</p><p>The crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.</p><p>And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.</p><p>8. There are no identifiable real-world correlations</p><p>Yet another issue with crypto is there are no readily identifiable real-world correlations.</p><p>For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.</p><p>Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.</p><p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>9. Leverage is haunting the crypto market</p><p>The cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.</p><p>According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.</p><p>10. Investors always overhype new tech</p><p>Finally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.</p>","source":"fool_stock","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>10 Reasons the Cryptocurrency Bubble Is Bursting</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\">\n10 Reasons the Cryptocurrency Bubble Is Bursting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/\">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","COIN":"Coinbase Global, Inc.","V":"Visa"},"source_url":"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137132568","content_text":"This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.That is until cryptocurrencies came along a little over a decade ago.The emergence of Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.Image source: Getty Images.1. There's very minimal real-world utilityOne of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.2. Valuations, relative to transaction data, made no senseEven though valuation is somewhat subjective, one glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as Visa (NYSE:V) and Mastercard (NYSE:MA), would leave anyone's jaw on the floor.The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.Image source: Getty Images.3. Businesses have been slow to adopt blockchainOn paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.4. There's virtually no barrier to entryAside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.In short, the crypto space is constantly being diluted by an unlimited amount of competition.Image source: Getty Images.5. Centralization remains a problemOne of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.6. Elon Musk is tugging at heartstringsAnother reason the crypto bubble is bursting is that it's been artificially driven by tweets from Tesla CEO Elon Musk.At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.Image source: Getty Images.7. Not all governments are OK with cryptoThe crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.8. There are no identifiable real-world correlationsYet another issue with crypto is there are no readily identifiable real-world correlations.For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.Image source: Getty Images.9. Leverage is haunting the crypto marketThe cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.10. Investors always overhype new techFinally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.","news_type":1},"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138147536,"gmtCreate":1621920987325,"gmtModify":1704364482457,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"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/138147536","repostId":"2138048150","repostType":4,"repost":{"id":"2138048150","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":1621916856,"share":"https://ttm.financial/m/news/2138048150?lang=&edition=fundamental","pubTime":"2021-05-25 12:27","market":"hk","language":"en","title":"China stocks hit over 2-month high as inflation fears fade; Hong Kong up","url":"https://stock-news.laohu8.com/highlight/detail?id=2138048150","media":"Reuters","summary":"SSEC 1.6%, CSI300 2.1%, HSI 1.3%HK->Shanghai Connect daily quota used 16.6%, Shanghai->HK daily quot","content":"<ul><li>SSEC 1.6%, CSI300 2.1%, HSI 1.3%</li><li>HK-&gt;Shanghai Connect daily quota used 16.6%, Shanghai-&gt;HK daily quota used 5.5%</li><li>FTSE China A50 +2.8%</li></ul><p>SHANGHAI, May 25 (Reuters) - China's major stock indexes scaled their highest in more than two months on Tuesday, led by consumer and financial firms, as inflation fears faded at home and abroad.</p><p>The CSI300 index    rose 2.1% to 5,261.74 points at the end of the morning session, highest since March 8, while the Shanghai Composite Index    gained 1.6% to 3,553.21 points, its best level since March 3.</p><p>Leading the gains, the CSI300 consumer staples index&nbsp;and the CSI300 financials index    advanced 3.5% and 2.6%, respectively.</p><p>The gains in commodities prices have been basically contained, decreasing the worries over inflation and its transmission, said Yan Jinkui, an analyst with Caida Securities.</p><p>Beijing has vowed to maintain stability in the country's commodities markets after prices rallied earlier this year.</p><p>In the latest move, China's market regulators warned industrial metal companies to maintain \"normal market order\" during talks on the sharp price gains.</p><p>Inflation fears also faded overseas. The U.S. national activity index reading of 0.24 against expectations above 1, along with dovish comments from Federal Reserve speakers, supported the view that policy will remain on hold for some time.</p><p>Analysts and traders also said a stronger yuan helped stocks by attracting more foreign inflows.</p><p>Caida's Yan said the dollar is on a declining trend, while China's yuan has further room to rise for the long term.</p><p>China's onshore spot yuan    strengthened past 6.41 per dollar for first time since June 2018 in early morning trade.</p><p>By midday, investors had purchased a net 11.4 billion yuan ($1.78 billion) worth of A-shares via the Stock Connect linking the mainland and Hong Kong, according to Refinitiv data.</p><p>In Hong Kong, the Hang Seng index    added 1.3% to 28,770.65 points, while the Hong Kong China Enterprises Index&nbsp;gained 1.0% to 10,742.70.</p><p>($1 = 6.4115 Chinese yuan renminbi)</p><p>(Reporting by Luoyan Liu and Andrew Galbraith; Editing by Devika Syamnath)</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 hit over 2-month high as inflation fears fade; Hong Kong up</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 stocks hit over 2-month high as inflation fears fade; Hong Kong up\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\">2021-05-25 12:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>SSEC 1.6%, CSI300 2.1%, HSI 1.3%</li><li>HK-&gt;Shanghai Connect daily quota used 16.6%, Shanghai-&gt;HK daily quota used 5.5%</li><li>FTSE China A50 +2.8%</li></ul><p>SHANGHAI, May 25 (Reuters) - China's major stock indexes scaled their highest in more than two months on Tuesday, led by consumer and financial firms, as inflation fears faded at home and abroad.</p><p>The CSI300 index    rose 2.1% to 5,261.74 points at the end of the morning session, highest since March 8, while the Shanghai Composite Index    gained 1.6% to 3,553.21 points, its best level since March 3.</p><p>Leading the gains, the CSI300 consumer staples index&nbsp;and the CSI300 financials index    advanced 3.5% and 2.6%, respectively.</p><p>The gains in commodities prices have been basically contained, decreasing the worries over inflation and its transmission, said Yan Jinkui, an analyst with Caida Securities.</p><p>Beijing has vowed to maintain stability in the country's commodities markets after prices rallied earlier this year.</p><p>In the latest move, China's market regulators warned industrial metal companies to maintain \"normal market order\" during talks on the sharp price gains.</p><p>Inflation fears also faded overseas. The U.S. national activity index reading of 0.24 against expectations above 1, along with dovish comments from Federal Reserve speakers, supported the view that policy will remain on hold for some time.</p><p>Analysts and traders also said a stronger yuan helped stocks by attracting more foreign inflows.</p><p>Caida's Yan said the dollar is on a declining trend, while China's yuan has further room to rise for the long term.</p><p>China's onshore spot yuan    strengthened past 6.41 per dollar for first time since June 2018 in early morning trade.</p><p>By midday, investors had purchased a net 11.4 billion yuan ($1.78 billion) worth of A-shares via the Stock Connect linking the mainland and Hong Kong, according to Refinitiv data.</p><p>In Hong Kong, the Hang Seng index    added 1.3% to 28,770.65 points, while the Hong Kong China Enterprises Index&nbsp;gained 1.0% to 10,742.70.</p><p>($1 = 6.4115 Chinese yuan renminbi)</p><p>(Reporting by Luoyan Liu and Andrew Galbraith; Editing by Devika Syamnath)</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":"2138048150","content_text":"SSEC 1.6%, CSI300 2.1%, HSI 1.3%HK->Shanghai Connect daily quota used 16.6%, Shanghai->HK daily quota used 5.5%FTSE China A50 +2.8%SHANGHAI, May 25 (Reuters) - China's major stock indexes scaled their highest in more than two months on Tuesday, led by consumer and financial firms, as inflation fears faded at home and abroad.The CSI300 index    rose 2.1% to 5,261.74 points at the end of the morning session, highest since March 8, while the Shanghai Composite Index    gained 1.6% to 3,553.21 points, its best level since March 3.Leading the gains, the CSI300 consumer staples index and the CSI300 financials index    advanced 3.5% and 2.6%, respectively.The gains in commodities prices have been basically contained, decreasing the worries over inflation and its transmission, said Yan Jinkui, an analyst with Caida Securities.Beijing has vowed to maintain stability in the country's commodities markets after prices rallied earlier this year.In the latest move, China's market regulators warned industrial metal companies to maintain \"normal market order\" during talks on the sharp price gains.Inflation fears also faded overseas. The U.S. national activity index reading of 0.24 against expectations above 1, along with dovish comments from Federal Reserve speakers, supported the view that policy will remain on hold for some time.Analysts and traders also said a stronger yuan helped stocks by attracting more foreign inflows.Caida's Yan said the dollar is on a declining trend, while China's yuan has further room to rise for the long term.China's onshore spot yuan    strengthened past 6.41 per dollar for first time since June 2018 in early morning trade.By midday, investors had purchased a net 11.4 billion yuan ($1.78 billion) worth of A-shares via the Stock Connect linking the mainland and Hong Kong, according to Refinitiv data.In Hong Kong, the Hang Seng index    added 1.3% to 28,770.65 points, while the Hong Kong China Enterprises Index gained 1.0% to 10,742.70.($1 = 6.4115 Chinese yuan renminbi)(Reporting by Luoyan Liu and Andrew Galbraith; Editing by Devika Syamnath)","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131687443,"gmtCreate":1621855922782,"gmtModify":1704363338414,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131687443","repostId":"131688926","repostType":1,"repost":{"id":131688926,"gmtCreate":1621855229565,"gmtModify":1704363330452,"author":{"id":"3568081734360099","authorId":"3568081734360099","authorIdStr":"3568081734360099","name":"何安迪","avatar":"https://static.tigerbbs.com/02c7061d02e3c72d7ce21a375ae80cb6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568081734360099"},"themes":[],"title":"中國芯：自動駕駛開啓大算力時代","htmlText":"\n \n \n  今天來聊聊自動駕駛芯片，本期視頻你將瞭解到： 自動駕駛開啓大算力時代&nbsp;[哇塞]&nbsp;[哇塞]&nbsp;[哇塞]&nbsp; 地平線征程 5 流片成功[可愛]&nbsp;[可愛]&nbsp;[可愛]&nbsp; 征程 5 流片成功的意義是什麼？&nbsp;[驚訝]&nbsp;[驚訝]&nbsp;[驚訝]&nbsp; 地平線的「新徵程」[勝利]&nbsp;[勝利]&nbsp;[勝利]&nbsp; 來源：B站汽車之心，侵刪~<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\">$蔚來(NIO)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/XPEV\">$小鵬汽車(XPEV)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/LI\">$理想汽車(LI)$</a>&nbsp;\n \n","listText":"今天來聊聊自動駕駛芯片，本期視頻你將瞭解到： 自動駕駛開啓大算力時代&nbsp;[哇塞]&nbsp;[哇塞]&nbsp;[哇塞]&nbsp; 地平線征程 5 流片成功[可愛]&nbsp;[可愛]&nbsp;[可愛]&nbsp; 征程 5 流片成功的意義是什麼？&nbsp;[驚訝]&nbsp;[驚訝]&nbsp;[驚訝]&nbsp; 地平線的「新徵程」[勝利]&nbsp;[勝利]&nbsp;[勝利]&nbsp; 來源：B站汽車之心，侵刪~<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\">$蔚來(NIO)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/XPEV\">$小鵬汽車(XPEV)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/LI\">$理想汽車(LI)$</a>&nbsp;","text":"今天來聊聊自動駕駛芯片，本期視頻你將瞭解到： 自動駕駛開啓大算力時代 [哇塞] [哇塞] [哇塞] 地平線征程 5 流片成功[可愛] [可愛] [可愛] 征程 5 流片成功的意義是什麼？ [驚訝] [驚訝] [驚訝] 地平線的「新徵程」[勝利] [勝利] [勝利] 來源：B站汽車之心，侵刪~$蔚來(NIO)$ $小鵬汽車(XPEV)$ $特斯拉(TSLA)$ $理想汽車(LI)$","images":[{"img":"https://static.tigerbbs.com/603658bdef7e55049a6e7122b9111cd3","width":"0","height":"0"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131688926","isVote":1,"tweetType":2,"object":{"id":"8c8215b7b434452ab857f9f2cc3f62ac","tweetId":"131688926","videoUrl":"https://1254107296.vod2.myqcloud.com/73ba5544vodgzp1254107296/33084b735285890818819333463/JAdfXGSN5OMA.mp4","poster":"https://static.tigerbbs.com/603658bdef7e55049a6e7122b9111cd3"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131911305,"gmtCreate":1621821036407,"gmtModify":1704362758391,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131911305","repostId":"1175885816","repostType":4,"repost":{"id":"1175885816","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":1621818902,"share":"https://ttm.financial/m/news/1175885816?lang=&edition=fundamental","pubTime":"2021-05-24 09:15","market":"us","language":"en","title":"Australia's Zip to acquire two buy-now-pay-later firms for A$160m","url":"https://stock-news.laohu8.com/highlight/detail?id=1175885816","media":"Reuters","summary":"[BENGALURU] Australia's Zip Co said on Monday it would acquire two buy-now-pay-later (BNPL) companie","content":"<p>[BENGALURU] Australia's Zip Co said on Monday it would acquire two buy-now-pay-later (BNPL) companies operating in Europe and the Middle East for a combined consideration of about A$160 million (S$164.7 million).</p><p>Zip will buy all the shares it does not already own in Europe-focused Twisto for about A$140 million, the company said, adding that the purchase would complement its presence in the United Kingdom.</p><p>The company also said it would acquire all the shares it does not hold in Spotii for A$21 million. Spotii is operational in the United Arab Emirates and Saudi Arabia, and Zip expects the acquisition to occur in the third quarter of 2021.</p><p>After reporting record quarterly earnings last month, Zip had said it would raise A$400 million through senior unsecured convertible notes to fund its expansion plans.</p><p>The company has been steadily beefing up its international footprint, picking up a strategic stake in the Philippines-based firm TendoPay and making a soft launch in Canada during the last quarter.</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>Australia's Zip to acquire two buy-now-pay-later firms for A$160m</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\">\nAustralia's Zip to acquire two buy-now-pay-later firms for A$160m\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\">2021-05-24 09:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>[BENGALURU] Australia's Zip Co said on Monday it would acquire two buy-now-pay-later (BNPL) companies operating in Europe and the Middle East for a combined consideration of about A$160 million (S$164.7 million).</p><p>Zip will buy all the shares it does not already own in Europe-focused Twisto for about A$140 million, the company said, adding that the purchase would complement its presence in the United Kingdom.</p><p>The company also said it would acquire all the shares it does not hold in Spotii for A$21 million. Spotii is operational in the United Arab Emirates and Saudi Arabia, and Zip expects the acquisition to occur in the third quarter of 2021.</p><p>After reporting record quarterly earnings last month, Zip had said it would raise A$400 million through senior unsecured convertible notes to fund its expansion plans.</p><p>The company has been steadily beefing up its international footprint, picking up a strategic stake in the Philippines-based firm TendoPay and making a soft launch in Canada during the last quarter.</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":"1175885816","content_text":"[BENGALURU] Australia's Zip Co said on Monday it would acquire two buy-now-pay-later (BNPL) companies operating in Europe and the Middle East for a combined consideration of about A$160 million (S$164.7 million).Zip will buy all the shares it does not already own in Europe-focused Twisto for about A$140 million, the company said, adding that the purchase would complement its presence in the United Kingdom.The company also said it would acquire all the shares it does not hold in Spotii for A$21 million. Spotii is operational in the United Arab Emirates and Saudi Arabia, and Zip expects the acquisition to occur in the third quarter of 2021.After reporting record quarterly earnings last month, Zip had said it would raise A$400 million through senior unsecured convertible notes to fund its expansion plans.The company has been steadily beefing up its international footprint, picking up a strategic stake in the Philippines-based firm TendoPay and making a soft launch in Canada during the last quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133425929,"gmtCreate":1621786107861,"gmtModify":1704362405268,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/133425929","repostId":"2137906121","repostType":4,"repost":{"id":"2137906121","pubTimestamp":1621611396,"share":"https://ttm.financial/m/news/2137906121?lang=&edition=fundamental","pubTime":"2021-05-21 23:36","market":"us","language":"en","title":"Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2137906121","media":"Motley Fool","summary":"Berkshire Hathaway has continued to reduce its stakes in banks.","content":"<p><b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.</p>\n<p>\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"</p>\n<p>Let's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2da7d6438277757a73f9e626ebc6fc2\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>1. All but eliminating Wells Fargo</h2>\n<p>Everyone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, <b>Wells Fargo</b> (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.</p>\n<p>This essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at <a href=\"https://laohu8.com/S/AONE\">one</a> point back in 2017, it was reportedly worth as much as $29 billion.</p>\n<p>But as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.</p>\n<p>The stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.</p>\n<h2>2. Dumping <a href=\"https://laohu8.com/S/SYF\">Synchrony Financial</a></h2>\n<p>Last quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company <b>Synchrony Financial&nbsp;</b>(NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.</p>\n<p>While I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, <b>JPMorgan Chase</b>, and loaded up on America's second-largest bank, <b>Bank of America</b>.</p>\n<p>Considering that Buffett already has a huge position in <b>American <a href=\"https://laohu8.com/S/EXPR\">Express</a></b>, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.</p>\n<h2>3. Trimming U.S. Bancorp again</h2>\n<p>Berkshire Hathaway also sold about 1.45 million shares of <b>U.S. Bancorp</b> (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in <b>PNC Financial Services Group</b>&nbsp;and&nbsp;<b>M&amp;T Bank</b>, in the fourth quarter of 2020.&nbsp;</p>\n<p>One possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. </p>\n<p>Overall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.</p>","source":"fool_stock","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>Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021</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\">\nHere Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B","USB":"美国合众银行","SYF":"Synchrony Financial","WFC":"富国银行"},"source_url":"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137906121","content_text":"Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.\n\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"\nLet's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.\nImage source: Getty Images.\n1. All but eliminating Wells Fargo\nEveryone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, Wells Fargo (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.\nThis essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at one point back in 2017, it was reportedly worth as much as $29 billion.\nBut as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.\nThe stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.\n2. Dumping Synchrony Financial\nLast quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company Synchrony Financial (NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.\nWhile I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, JPMorgan Chase, and loaded up on America's second-largest bank, Bank of America.\nConsidering that Buffett already has a huge position in American Express, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.\n3. Trimming U.S. Bancorp again\nBerkshire Hathaway also sold about 1.45 million shares of U.S. Bancorp (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in PNC Financial Services Group and M&T Bank, in the fourth quarter of 2020. \nOne possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. \nOverall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139931612,"gmtCreate":1621582879336,"gmtModify":1704360035224,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139931612","repostId":"2137977174","repostType":4,"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197554950,"gmtCreate":1621475266570,"gmtModify":1704358183739,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/197554950","repostId":"1168722900","repostType":4,"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197832245,"gmtCreate":1621438528087,"gmtModify":1704357714495,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"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/197832245","repostId":"1101759467","repostType":4,"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195457452,"gmtCreate":1621311025876,"gmtModify":1704355584348,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195457452","repostId":"1187982931","repostType":4,"repost":{"id":"1187982931","pubTimestamp":1621295030,"share":"https://ttm.financial/m/news/1187982931?lang=&edition=fundamental","pubTime":"2021-05-18 07:43","market":"us","language":"en","title":"Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1187982931","media":"CNBC","summary":"Famed investor Michael Burry on Monday revealed in a regulatory filing a short position againstTeslaworth more than half a billion.Burry, one of the first investors to call and profit from the subprime mortgage crisis, is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to the filing with the U.S. Securities and Exchange Commission.Investors profit from puts when the underlying securities fall in prices. As of March 31, Burry owned 8,001 put co","content":"<div>\n<p>Famed investor Michael Burry on Monday revealed in a regulatory filing a short position againstTeslaworth more than half a billion.\nBurry, one of the first investors to call and profit from the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.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>Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla</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\">\nMichael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 07:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Famed investor Michael Burry on Monday revealed in a regulatory filing a short position againstTeslaworth more than half a billion.\nBurry, one of the first investors to call and profit from the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187982931","content_text":"Famed investor Michael Burry on Monday revealed in a regulatory filing a short position againstTeslaworth more than half a billion.\nBurry, one of the first investors to call and profit from the subprime mortgage crisis, is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to the filing with the U.S. Securities and Exchange Commission.\nInvestors profit from puts when the underlying securities fall in prices. As of March 31, Burry owned 8,001 put contracts, with unknown value, strike price, or expiry, according to the filing.\nShares of Tesla fell more than 4% on Monday, bringing its month-to-date losses to nearly 20%.\nBurry, whose firm is Scion Asset Management, shot to fame by betting against mortgage securities before the 2008 crisis. Burry was depicted in Michael Lewis' book \"The Big Short\" and the subsequent Oscar-winning movie of the same name.\nTesla has had a turbulent 2021 amid slumping sales in China in April, and parts shortages that have impeded production both in the U.S. and China.\n\nBurry previously mentioned in a tweet, which he later deleted, that Tesla's reliance on regulatory credits to generate profits is a red flag.\nAs more automakers produce battery-electric vehicles of their own, ostensibly fewer will need to purchase environmental regulatory credits from Tesla, which they have done in order to become compliant with environmental regulations.\nBesides his \"Big Short,\" Burry made a killing from along GameStop position recentlyas the Reddit favorite made Wall Street history with its massive short squeeze.\nIn thefirst quarter of 2021, Tesla reported $518 million in sales of regulatory credits, whichElon Musk's company generally receives from government programs to support renewable energy. It has sold these to other automakers, notably FCA (now Stellantis) when they needed credits to offset their own carbon footprint.\nIn thefourth quarter of 2020, Tesla's $270 million in net income was enabled by its sale of $401 million in regulatory credits to other automakers.\nTesla historically has racked up around $1.6 billion in regulatory energy credits, primarily zero emission vehicle credits, which helped the company report more than four consecutive quarters of profitability, qualifying the automaker for addition to the S&P 500 index.\nTesla is currently delayed in producing and delivering its updated versions of its high-end sedan and SUV, the Model S and X. And it is delayed in commercial production of its custom-designed \"4680\" battery cells for use in forthcoming vehicles, including the Cybertruck and Tesla Semi.\nMeanwhile, Musk's electric vehicle venture is facing regulatory scrutiny in China and the U.S. with high-profile vehicle crashes leading to negative publicity and investigations by vehicle safety authorities in both nations.\nMany believe that CEO Musk'stweets about bitcoinand dogecoin have also contributed to the volatility in Tesla's stock. Musk has tens of millions of followers on Twitter.\nMusk, a proponent of cryptocurrency generally, announced last week that Tesla was indefinitely suspending the acceptance of bitcoin as a payment for cars, saying he was concerned by the \"rapidly increasing use of fossil fuels for Bitcoin mining and transactions.\" Tesla revealed earlier this year that it bought $1.5 billion worth of bitcoin.\nTesla shares have dropped nearly 20% in 2021 after surging a whopping 740% in 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198510682,"gmtCreate":1620969127046,"gmtModify":1704351318535,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198510682","repostId":"198508334","repostType":1,"repost":{"id":198508334,"gmtCreate":1620966932928,"gmtModify":1704351280471,"author":{"id":"3572224486282523","authorId":"3572224486282523","authorIdStr":"3572224486282523","name":"Chloe_See","avatar":"https://static.tigerbbs.com/d849f10c9de8544023f62784cf56db89","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3572224486282523"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a>爸爸怎麼了","listText":"<a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a>爸爸怎麼了","text":"$阿里巴巴-SW(09988)$爸爸怎麼了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198508334","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198510931,"gmtCreate":1620969099323,"gmtModify":1704351317889,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/198510931","repostId":"2135674398","repostType":4,"repost":{"id":"2135674398","weMediaInfo":{"introduction":"Reuters.com 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and formally named its Tmall sale site \"Koitake Flagship Store\" ()</p><p>** Says the company is preparing to roll out Koitake offline stores</p><p>** The Hong Kong Hang Seng sub-index tracking information technology firms    slips 0.9%, and the Hang Seng Tech Index    eases 0.7%</p><p>** The Hang Seng China enterprises index    climbs 0.4%, and the benchmark index    gains 1%</p><p>** By last close, the stock had gained 4.2% 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>HK-listed Alibaba Pictures rises most in over 3 weeks on launch of new toy brand</title>\n<style 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12:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Shares of China's movie promoter and distributor Alibaba Pictures Group Ltd    rise 3% to HK$1.03, on course for their best session since April 21</p><p>** Alibaba-backed    company says it has launched a new brand called \"Koitake\" for the pop toys business, and formally named its Tmall sale site \"Koitake Flagship Store\" ()</p><p>** Says the company is preparing to roll out Koitake offline stores</p><p>** The Hong Kong Hang Seng sub-index tracking information technology firms    slips 0.9%, and the Hang Seng Tech Index    eases 0.7%</p><p>** The Hang Seng China enterprises index    climbs 0.4%, and the benchmark index    gains 1%</p><p>** By last close, the stock had gained 4.2% this year</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01060":"阿里影业","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135674398","content_text":"** Shares of China's movie promoter and distributor Alibaba Pictures Group Ltd    rise 3% to HK$1.03, on course for their best session since April 21** Alibaba-backed    company says it has launched a new brand called \"Koitake\" for the pop toys business, and formally named its Tmall sale site \"Koitake Flagship Store\" ()** Says the company is preparing to roll out Koitake offline stores** The Hong Kong Hang Seng sub-index tracking information technology firms    slips 0.9%, and the Hang Seng Tech Index    eases 0.7%** The Hang Seng China enterprises index    climbs 0.4%, and the benchmark index    gains 1%** By last close, the stock had gained 4.2% this year","news_type":1},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":378742586,"gmtCreate":1619065057545,"gmtModify":1704719102695,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>[What]&nbsp;","listText":"<a 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and formally named its Tmall sale site \"Koitake Flagship Store\" ()</p><p>** Says the company is preparing to roll out Koitake offline stores</p><p>** The Hong Kong Hang Seng sub-index tracking information technology firms    slips 0.9%, and the Hang Seng Tech Index    eases 0.7%</p><p>** The Hang Seng China enterprises index    climbs 0.4%, and the benchmark index    gains 1%</p><p>** By last close, the stock had gained 4.2% 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>HK-listed Alibaba Pictures rises most in over 3 weeks on launch of new toy brand</title>\n<style 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12:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Shares of China's movie promoter and distributor Alibaba Pictures Group Ltd    rise 3% to HK$1.03, on course for their best session since April 21</p><p>** Alibaba-backed    company says it has launched a new brand called \"Koitake\" for the pop toys business, and formally named its Tmall sale site \"Koitake Flagship Store\" ()</p><p>** Says the company is preparing to roll out Koitake offline stores</p><p>** The Hong Kong Hang Seng sub-index tracking information technology firms    slips 0.9%, and the Hang Seng Tech Index    eases 0.7%</p><p>** The Hang Seng China enterprises index    climbs 0.4%, and the benchmark index    gains 1%</p><p>** By last close, the stock had gained 4.2% this year</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01060":"阿里影业","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135674398","content_text":"** Shares of China's movie promoter and distributor Alibaba Pictures Group Ltd    rise 3% to HK$1.03, on course for their best session since April 21** Alibaba-backed    company says it has launched a new brand called \"Koitake\" for the pop toys business, and formally named its Tmall sale site \"Koitake Flagship Store\" ()** Says the company is preparing to roll out Koitake offline stores** The Hong Kong Hang Seng sub-index tracking information technology firms    slips 0.9%, and the Hang Seng Tech Index    eases 0.7%** The Hang Seng China enterprises index    climbs 0.4%, and the benchmark index    gains 1%** By last close, the stock had gained 4.2% this 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Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1620037320,"share":"https://ttm.financial/m/news/2132359636?lang=&edition=fundamental","pubTime":"2021-05-03 18:22","market":"hk","language":"en","title":"Intel CEO stresses more U.S. chip production, fewer stock buybacks","url":"https://stock-news.laohu8.com/highlight/detail?id=2132359636","media":"Dow Jones","summary":"Pat Gelsinger tells '60 Minutes' he expects chip shortage to last 'a couple of years'.\n\nIntel Corp. ","content":"<blockquote>\n Pat Gelsinger tells '60 Minutes' he expects chip shortage to last 'a couple of years'.\n</blockquote>\n<p>Intel Corp. plans to spend more money on building semiconductors and less on stock buybacks, the chip giant's CEO said Sunday.</p>\n<p>In an interview with CBS's \"60 Minutes\" that aired Sunday night, Chief Executive Pat Gelsinger put some of the blame for the current global chip shortage on the fact that 75% of the world's semiconductor manufacturing takes place in Asia.</p>\n<p>\"Twenty-five years ago, the United States produced 37% of the world's semiconductor manufacturing... Today, that number has declined to just 12%,\" Gelsinger said, according to a CBS News transcript. \"It doesn't sound good. And anybody who looks at supply chain says, 'That's a problem.'\"</p>\n<p>Gelsinger repeated his prediction that it'll take \"a couple of years\" before chip production catches up with demand, and said Intel is looking to build more of its chips in the U.S.</p>\n<p>\"This is a big, critical industry and we want more of it on American soil: the jobs that we want in America, the control of our long term technology future,\" he said.</p>\n<p>Reporter Lesley Stahl poined out Intel has spent more on stock buybacks than research and development in recent years, but Gelsinger, who became CEO earlier this year, said that will change.</p>\n<p>\"We will not be anywhere near as focused on buybacks going forward as we have in the past,\" he said. \"And that's been reviewed as part of my coming into the company, agreed upon with the board of directors.\"</p>\n<p>Intel has lobbied the Biden administration to help revive domestic chip manufacturing through incentive programs, and the White House has proposed $50 billion to help the industry as part of its $2 trillion infrastructure plan.</p>\n<p>In March, Gelsinger announced plans for a $20 billion expansion of Intel's chip-making facility in Arizona , and said Intel would not only start manufacturing a majority of its products in-house but it would also expand its use of third-party fabricators and lease out some of its fabs.</p>\n<p>Intel shares <a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a> are up 15% year to date, compared to the S&amp;P 500's 11% gain 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>Intel CEO stresses more U.S. chip production, fewer stock buybacks</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\">\nIntel CEO stresses more U.S. chip production, fewer stock buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-03 18:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Pat Gelsinger tells '60 Minutes' he expects chip shortage to last 'a couple of years'.\n</blockquote>\n<p>Intel Corp. plans to spend more money on building semiconductors and less on stock buybacks, the chip giant's CEO said Sunday.</p>\n<p>In an interview with CBS's \"60 Minutes\" that aired Sunday night, Chief Executive Pat Gelsinger put some of the blame for the current global chip shortage on the fact that 75% of the world's semiconductor manufacturing takes place in Asia.</p>\n<p>\"Twenty-five years ago, the United States produced 37% of the world's semiconductor manufacturing... Today, that number has declined to just 12%,\" Gelsinger said, according to a CBS News transcript. \"It doesn't sound good. And anybody who looks at supply chain says, 'That's a problem.'\"</p>\n<p>Gelsinger repeated his prediction that it'll take \"a couple of years\" before chip production catches up with demand, and said Intel is looking to build more of its chips in the U.S.</p>\n<p>\"This is a big, critical industry and we want more of it on American soil: the jobs that we want in America, the control of our long term technology future,\" he said.</p>\n<p>Reporter Lesley Stahl poined out Intel has spent more on stock buybacks than research and development in recent years, but Gelsinger, who became CEO earlier this year, said that will change.</p>\n<p>\"We will not be anywhere near as focused on buybacks going forward as we have in the past,\" he said. \"And that's been reviewed as part of my coming into the company, agreed upon with the board of directors.\"</p>\n<p>Intel has lobbied the Biden administration to help revive domestic chip manufacturing through incentive programs, and the White House has proposed $50 billion to help the industry as part of its $2 trillion infrastructure plan.</p>\n<p>In March, Gelsinger announced plans for a $20 billion expansion of Intel's chip-making facility in Arizona , and said Intel would not only start manufacturing a majority of its products in-house but it would also expand its use of third-party fabricators and lease out some of its fabs.</p>\n<p>Intel shares <a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a> are up 15% year to date, compared to the S&amp;P 500's 11% gain this year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","03086":"华夏纳指","09086":"华夏纳指-U"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132359636","content_text":"Pat Gelsinger tells '60 Minutes' he expects chip shortage to last 'a couple of years'.\n\nIntel Corp. plans to spend more money on building semiconductors and less on stock buybacks, the chip giant's CEO said Sunday.\nIn an interview with CBS's \"60 Minutes\" that aired Sunday night, Chief Executive Pat Gelsinger put some of the blame for the current global chip shortage on the fact that 75% of the world's semiconductor manufacturing takes place in Asia.\n\"Twenty-five years ago, the United States produced 37% of the world's semiconductor manufacturing... Today, that number has declined to just 12%,\" Gelsinger said, according to a CBS News transcript. \"It doesn't sound good. And anybody who looks at supply chain says, 'That's a problem.'\"\nGelsinger repeated his prediction that it'll take \"a couple of years\" before chip production catches up with demand, and said Intel is looking to build more of its chips in the U.S.\n\"This is a big, critical industry and we want more of it on American soil: the jobs that we want in America, the control of our long term technology future,\" he said.\nReporter Lesley Stahl poined out Intel has spent more on stock buybacks than research and development in recent years, but Gelsinger, who became CEO earlier this year, said that will change.\n\"We will not be anywhere near as focused on buybacks going forward as we have in the past,\" he said. \"And that's been reviewed as part of my coming into the company, agreed upon with the board of directors.\"\nIntel has lobbied the Biden administration to help revive domestic chip manufacturing through incentive programs, and the White House has proposed $50 billion to help the industry as part of its $2 trillion infrastructure plan.\nIn March, Gelsinger announced plans for a $20 billion expansion of Intel's chip-making facility in Arizona , and said Intel would not only start manufacturing a majority of its products in-house but it would also expand its use of third-party fabricators and lease out some of its fabs.\nIntel shares $(INTC)$ are up 15% year to date, compared to the S&P 500's 11% gain this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":112,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582456223723301","authorId":"3582456223723301","authorIdStr":"3582456223723301","name":"EliseKarchin","avatar":"https://static.tigerbbs.com/bfaafeaa5ebb4ffbe1e96d6df776be49","crmLevel":2,"crmLevelSwitch":0,"idStr":"3582456223723301"},"content":"Please response my comment","text":"Please response my comment","html":"Please response my comment"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891690416,"gmtCreate":1628384286435,"gmtModify":1703505553322,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891690416","repostId":"1119792130","repostType":4,"repost":{"id":"1119792130","pubTimestamp":1628296709,"share":"https://ttm.financial/m/news/1119792130?lang=&edition=fundamental","pubTime":"2021-08-07 08:38","market":"us","language":"en","title":"Wall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf","url":"https://stock-news.laohu8.com/highlight/detail?id=1119792130","media":"Benzinga","summary":"Does crime pay?\n“Making money is so easy,” said Jordan Belfort in a 2013 interview withNew Yorkmagaz","content":"<p><i>Does crime pay?</i></p>\n<p>“Making money is so easy,” said&nbsp;<b>Jordan Belfort</b>&nbsp;in a 2013 interview withNew Yorkmagazine. “It really is. It’s not hard to do.”</p>\n<p>Belfort’s breezy pronouncement came as part of the publicity drumming for the release of&nbsp;<b>Martin Scorsese’s</b>&nbsp;film version of Belfort’s autobiography<b>“The Wolf of Wall Street,”</b>which starred&nbsp;<b>Leonardo DiCaprio</b>&nbsp;as Belfort.</p>\n<p>The New York article also featured input from&nbsp;<b>Greg Coleman,</b>the FBI special agent responsible for Belfort’s arrest for fraud and stock market manipulation. From Coleman’s perspective, Belfort wasn't worthy of movie star-level worship.</p>\n<p>“From a moral perspective, he was a reprehensible human being,” Coleman said about Belfort. “Admiration would be the wrong word, but from the perspective of manipulating the market, he’s one of the best there is.”</p>\n<p><b>A Kick In The Teeth:</b>A native of New York City, Belfort was born in 1962 in the Bronx and raised in the Bayside section of Queens. Both of his parents were accountants who stressed the value of education and maturity.</p>\n<p>Belfort received a degree in biology from American University and saw his career path in dentistry. He made money to pursue his dental studies by selling Italian ices on a beach in Queens&nbsp;and enrolled in the University of Maryland School of Dentistry.</p>\n<p>He dropped out after the first day of studies when the dean of the school made the astonishing pronouncement:&nbsp;“The golden age of dentistry is over. If you're here simply because you're looking to make a lot of money, you're in the wrong place.\"</p>\n<p>But what was the right career for making money?</p>\n<p>Belfort returned from his day in dental school and found work as a door-to-door salesman in Long Island, where he sold meat and seafood. He started to grow a business based on this endeavor, but the effort failed to click and he wound up filing for bankruptcy by the time he was 25.</p>\n<p>“I was pretty talented,” he would later recall about this unsuccessful venture. “But the margins were too small.”</p>\n<p>However, a family friend pointed him to a position as a stockbroker broker trainee with the Manhattan-based firm<b>L.F. Rothschild,</b>but he lost that position when the firm experienced financial difficulty after the 1987 stock market crash.</p>\n<p>He took positions with other firms including&nbsp;<b>D.H. Blair</b>&nbsp;and<b>&nbsp;F.D. Roberts Securities and Investors Center</b>&nbsp;—&nbsp;the latter was apenny stockbrokerage shut down in 1989 by the U.S. Securities and Exchange Commission (SEC) one year after Belfort joined its staff.</p>\n<p>Discouraged at working for others in unstable environments, Belfort decided to turn entrepreneur and create his own financial operations,&nbsp;and that’s when the would-be dentist started his career lycanthropy into becoming the&nbsp;<b>Wolf of Wall Street.</b></p>\n<p><b>The Kodak Pitch:</b>In 1989, the 27-year-old Belfort teamed with 23-year-old&nbsp;<b>Kenneth Greene,</b>a fellow Investors Center employee who previously drove one of Belfort’s trucks during his meat selling days.</p>\n<p>The pair opened their own brokerage in a spare office in a Queens car dealership and then arranged to set up a franchise of&nbsp;<b>Stratton Securities,</b>a small broker-dealer operation.</p>\n<p>The duo seemed to strike gold quickly. Within five months of starting their franchise, they accumulated $250,000 and were able to buy Stratton Securities for themselves, renaming it&nbsp;<b>Stratton Oakmont</b>&nbsp;and establishing an operations center in Lake Success, a Long Island town which was best known as the first site of the United Nations headquarters before its Manhattan campus was constructed.</p>\n<p>By 1991, Stratton Oakmont generated $30 million in commissions from a 150-person workforce. Many of his team members were twentysomethings from blue-collar backgrounds eager to make a maximum amount of money in a minimal amount of time.</p>\n<p>Belfort also enjoyed his first brush with fame in 1991 via a profile inForbesthat harshly displayed his virtues and vices. On the plus side, the Forbes coverage offered insight into Belfort’s instruction on teaching his eager young employees the art of cold-calling potential investors.</p>\n<p>Using a technique he dubbed the<b>“Kodak pitch,”</b>Belfort instructed his brokers to begin their telephone spiel with a blue-chip stock such as&nbsp;<b>Eastman Kodak</b>&nbsp;before doing a hard-sell on obscurepenny stocks.</p>\n<p>Belfort also insisted that his brokers refuse to take no for an answer, offering them the mantra<b>“Whip their necks off, don't let ‘em off the phone.”</b></p>\n<p>Belfort’s team took his lessons to heart:&nbsp;Forbes reported they were, on average, earning $85,000 a year.</p>\n<p>Yet Forbes also highlighted Stratton Oakmont’s loosey-goosey approach to ethical operations, noting that the SEC began investigating the brokerage in its first year of operations over questionable sales and trading practices. Indeed, the magazine detailed several examples of pump-and-dump efforts by the Stratton Oakmont team that drove up prices on penny stock shares before selling them at their artificially inflated peak.</p>\n<p>Forbes diplomatically declined to identify Stratton Oakmont as a “boiler room,” but it was obvious what was taking place.</p>\n<p>Noting these antics, along with the SEC’s receipt of customer complaints, Forbes dubbed Belfort as “a kind of twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.”&nbsp;Belfort defended his actions, claiming, “We contact high-net-worth investors. I couldn't live with myself if I was calling people who make $50,000 a year, and I'm taking their child's tuition money.”</p>\n<p>Also cited in his media debut was Belfort’s automobile, a&nbsp;<b>$175,000 Ferrari Testarossa.</b>This lavish hedonism was the start of a trend that would shape and then disfigure Belfort’s life.</p>\n<p><b>Ain’t We Got Fun?</b>Besides the SEC, Stratton Oakmont had been under watch by the&nbsp;<b>National Association of Securities Dealers</b>, the forerunner of today’s Financial Industry Regulatory Authority, right after its founding. Yet Stratton Oakmont was not expelled from the NASD until 1996 and Belfort was not indicted for securities fraud until 1999.</p>\n<p>In the years between his Forbes profile and his arrest, Belfort engaged an extravagant form of slow-motion, self-immolation fueled by drug addictions and financed by his pump-and-dump business.</p>\n<p>“I suffered from a disease called ‘more,’ he would lament in retrospect. “No matter how much I had, I wanted more.<b>You don't lose your ethics all at once.</b>It happens very slowly and, almost imperceptibly, you know you're doing things right and one day you step over the line.”</p>\n<p>Well, Belfort certainly went very much over that proverbial line. Financially, he was far ahead of the average American —&nbsp;at the peak of his earning power, he pocketed $50 million per year.</p>\n<p>Belfort’s wealth enabled him to purchase luxury residences and expensive toys that he had a strange habit of destroying, such as&nbsp;a luxury yacht once belonging&nbsp;to&nbsp;iconic designer&nbsp;<b>Coco Chanel</b>&nbsp;which he sank in a storm off the Sardinian coast in 1996;&nbsp;a Mercedes&nbsp;he totaled while driving high on quaaludes; and a helicopter that he somehow crash-landed on the front lawn of one of his mansions.</p>\n<p>The damage he inflicted on his property was mirrored by the insanity&nbsp;his drug habit inflicted on his body. “It was just like coke, coke, coke all day and I was like, ‘Screw you I don't have a problem,’” he would recall, adding, “I was like Al Pacino in ‘Scarface’ with a pile of cocaine. That's what my life had descended to.”</p>\n<p><b>The Inevitable Downfall:</b>Belfort’s luck began to slowly fray by 1994 when he reached an agreement with the SEC that required a lifetime ban from the securities industry. But he circumvented the&nbsp;prohibition by continuing to conduct business through<b>Danny Porush,</b>his right-hand man&nbsp;at Stratton Oakmont.</p>\n<p>Belfort also played fast with the rules in arranging the 1993 initial public offering for childhood friend&nbsp;<b>Steve Madden’s shoe company.</b>Madden would become entangled in Belfort’s schemes, including a deal to secretly buy and sell stock in Stratton deals on behalf of Porush, who was legally limited in trading stocks in those companies, and a secret arrangement to provide Belfort with a majority stake in his company despite the NASD’s severe restrictions on Belfort’s actions.</p>\n<p>Despite evidence of finance chicanery, Belfort’s downfall began with the arrest of his drug dealer, a martial artist named<b>Todd Garrett,</b>who was caught with $200,000 in cash from Belfort and Porush&nbsp;destined to be secretly transported to Switzerland. One year later, a French private banker who worked for a Swiss bank was arrested in Miami as part of a money-laundering scheme. In exchange for a lighter prison sentence, he identified his clients and cited Belfort and Porush.</p>\n<p><b>On Sept.&nbsp;2, 1998, Belfort was arrested for conspiracy to commit money laundering and securities fraud that resulted in 1,513 investors being swindled out of more than $200 million.</b>After a week in custody, Belfort agreed to cut a deal with law enforcement agencies and agreed to wear a wire and record conversations with business associates who were under investigation.</p>\n<p>Belfort’s work as an informant brought dozens of financial professionals and lawyers into prison, but he was not spared from incarceration.&nbsp;Although sentenced to four years in prison in 2003, he only served a 22-month sentence. He was also ordered to pay a $110 million fine.</p>\n<p><b>A Stellar Encore:</b>While serving his prison sentence, Belfort shared a cell with comedian&nbsp;<b>Tommy Chong,</b>who was incarcerated on drug-related charges. Chong encouraged Belfort to write his autobiography. After his release from prison in April 2006, his memoir “The Wolf of Wall Street” was acquired by&nbsp;<b>Random House</b>&nbsp;for $500,000 and became a critically acclaimed best-seller upon its 2007 publication. A second book, “Catching the Wolf of Wall Street,” was published in 2009.</p>\n<p>The film version of “The Wolf of Wall Street” brought Belfort a new degree of pop culture recognition and helped in his post-prison career as&nbsp;<b>a motivational speaker.</b></p>\n<p>These years have not been without controversy. Prosecutors have accused him of failing to compensate the victims of his crimes and pocketing lucrative speaking fees instead of channeling them to his restitution requirements. But the federal government overplayed its hand by accusing him of fleeing to Australia to hide his wealth and avoid paying taxes — Belfort received&nbsp;a public apology for the release of that misinformation.</p>\n<p><b>Belfort filed a $300 million lawsuit against Red Granite,</b>the production company that purchased the film rights to “The Wolf of Wall Street,” after it was exposed that the deal was financed with questionable funds from Malaysia. Belfort insisted he would never have transacted with the company if he was aware of the dirty money that financed its operations.</p>\n<p>Last month, Belfort posted a photo on his Facebook page that found him happily engaged in a poker game on a yacht’s casino table while a half-dozen cuties in bathing suits holding champagne glasses posed behind him. The message that accompanied the photo said,<b>“If you want to be rich, never give up... If you have persistence, you will come out ahead of most people... When you do something, you might fail... Do it differently each time... and one day, you will do it right. Failure is your friend.”</b></p>\n<p>For ex-FBI agent Greg Coleman, Belfort’s phoenix-like rise from the ashes of his own making represented the worst possible conclusion. Coleman&nbsp;considered Belfort’s ability to profit from his swindling and sourly told New York magazine ahead of “The Wolf of Wall Street” film premiere,<b>\"Crime pays.\"</b></p>","source":"lsy1606299360108","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>Wall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf</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\">\nWall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-07 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/08/22341233/wall-street-crime-and-punishment-jordan-belfort-the-boiler-room-wolf><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Does crime pay?\n“Making money is so easy,” said Jordan Belfort in a 2013 interview withNew Yorkmagazine. “It really is. It’s not hard to do.”\nBelfort’s breezy pronouncement came as part of the ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/08/22341233/wall-street-crime-and-punishment-jordan-belfort-the-boiler-room-wolf\">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.benzinga.com/news/21/08/22341233/wall-street-crime-and-punishment-jordan-belfort-the-boiler-room-wolf","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119792130","content_text":"Does crime pay?\n“Making money is so easy,” said Jordan Belfort in a 2013 interview withNew Yorkmagazine. “It really is. It’s not hard to do.”\nBelfort’s breezy pronouncement came as part of the publicity drumming for the release of Martin Scorsese’s film version of Belfort’s autobiography“The Wolf of Wall Street,”which starred Leonardo DiCaprio as Belfort.\nThe New York article also featured input from Greg Coleman,the FBI special agent responsible for Belfort’s arrest for fraud and stock market manipulation. From Coleman’s perspective, Belfort wasn't worthy of movie star-level worship.\n“From a moral perspective, he was a reprehensible human being,” Coleman said about Belfort. “Admiration would be the wrong word, but from the perspective of manipulating the market, he’s one of the best there is.”\nA Kick In The Teeth:A native of New York City, Belfort was born in 1962 in the Bronx and raised in the Bayside section of Queens. Both of his parents were accountants who stressed the value of education and maturity.\nBelfort received a degree in biology from American University and saw his career path in dentistry. He made money to pursue his dental studies by selling Italian ices on a beach in Queens and enrolled in the University of Maryland School of Dentistry.\nHe dropped out after the first day of studies when the dean of the school made the astonishing pronouncement: “The golden age of dentistry is over. If you're here simply because you're looking to make a lot of money, you're in the wrong place.\"\nBut what was the right career for making money?\nBelfort returned from his day in dental school and found work as a door-to-door salesman in Long Island, where he sold meat and seafood. He started to grow a business based on this endeavor, but the effort failed to click and he wound up filing for bankruptcy by the time he was 25.\n“I was pretty talented,” he would later recall about this unsuccessful venture. “But the margins were too small.”\nHowever, a family friend pointed him to a position as a stockbroker broker trainee with the Manhattan-based firmL.F. Rothschild,but he lost that position when the firm experienced financial difficulty after the 1987 stock market crash.\nHe took positions with other firms including D.H. Blair and F.D. Roberts Securities and Investors Center — the latter was apenny stockbrokerage shut down in 1989 by the U.S. Securities and Exchange Commission (SEC) one year after Belfort joined its staff.\nDiscouraged at working for others in unstable environments, Belfort decided to turn entrepreneur and create his own financial operations, and that’s when the would-be dentist started his career lycanthropy into becoming the Wolf of Wall Street.\nThe Kodak Pitch:In 1989, the 27-year-old Belfort teamed with 23-year-old Kenneth Greene,a fellow Investors Center employee who previously drove one of Belfort’s trucks during his meat selling days.\nThe pair opened their own brokerage in a spare office in a Queens car dealership and then arranged to set up a franchise of Stratton Securities,a small broker-dealer operation.\nThe duo seemed to strike gold quickly. Within five months of starting their franchise, they accumulated $250,000 and were able to buy Stratton Securities for themselves, renaming it Stratton Oakmont and establishing an operations center in Lake Success, a Long Island town which was best known as the first site of the United Nations headquarters before its Manhattan campus was constructed.\nBy 1991, Stratton Oakmont generated $30 million in commissions from a 150-person workforce. Many of his team members were twentysomethings from blue-collar backgrounds eager to make a maximum amount of money in a minimal amount of time.\nBelfort also enjoyed his first brush with fame in 1991 via a profile inForbesthat harshly displayed his virtues and vices. On the plus side, the Forbes coverage offered insight into Belfort’s instruction on teaching his eager young employees the art of cold-calling potential investors.\nUsing a technique he dubbed the“Kodak pitch,”Belfort instructed his brokers to begin their telephone spiel with a blue-chip stock such as Eastman Kodak before doing a hard-sell on obscurepenny stocks.\nBelfort also insisted that his brokers refuse to take no for an answer, offering them the mantra“Whip their necks off, don't let ‘em off the phone.”\nBelfort’s team took his lessons to heart: Forbes reported they were, on average, earning $85,000 a year.\nYet Forbes also highlighted Stratton Oakmont’s loosey-goosey approach to ethical operations, noting that the SEC began investigating the brokerage in its first year of operations over questionable sales and trading practices. Indeed, the magazine detailed several examples of pump-and-dump efforts by the Stratton Oakmont team that drove up prices on penny stock shares before selling them at their artificially inflated peak.\nForbes diplomatically declined to identify Stratton Oakmont as a “boiler room,” but it was obvious what was taking place.\nNoting these antics, along with the SEC’s receipt of customer complaints, Forbes dubbed Belfort as “a kind of twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.” Belfort defended his actions, claiming, “We contact high-net-worth investors. I couldn't live with myself if I was calling people who make $50,000 a year, and I'm taking their child's tuition money.”\nAlso cited in his media debut was Belfort’s automobile, a $175,000 Ferrari Testarossa.This lavish hedonism was the start of a trend that would shape and then disfigure Belfort’s life.\nAin’t We Got Fun?Besides the SEC, Stratton Oakmont had been under watch by the National Association of Securities Dealers, the forerunner of today’s Financial Industry Regulatory Authority, right after its founding. Yet Stratton Oakmont was not expelled from the NASD until 1996 and Belfort was not indicted for securities fraud until 1999.\nIn the years between his Forbes profile and his arrest, Belfort engaged an extravagant form of slow-motion, self-immolation fueled by drug addictions and financed by his pump-and-dump business.\n“I suffered from a disease called ‘more,’ he would lament in retrospect. “No matter how much I had, I wanted more.You don't lose your ethics all at once.It happens very slowly and, almost imperceptibly, you know you're doing things right and one day you step over the line.”\nWell, Belfort certainly went very much over that proverbial line. Financially, he was far ahead of the average American — at the peak of his earning power, he pocketed $50 million per year.\nBelfort’s wealth enabled him to purchase luxury residences and expensive toys that he had a strange habit of destroying, such as a luxury yacht once belonging to iconic designer Coco Chanel which he sank in a storm off the Sardinian coast in 1996; a Mercedes he totaled while driving high on quaaludes; and a helicopter that he somehow crash-landed on the front lawn of one of his mansions.\nThe damage he inflicted on his property was mirrored by the insanity his drug habit inflicted on his body. “It was just like coke, coke, coke all day and I was like, ‘Screw you I don't have a problem,’” he would recall, adding, “I was like Al Pacino in ‘Scarface’ with a pile of cocaine. That's what my life had descended to.”\nThe Inevitable Downfall:Belfort’s luck began to slowly fray by 1994 when he reached an agreement with the SEC that required a lifetime ban from the securities industry. But he circumvented the prohibition by continuing to conduct business throughDanny Porush,his right-hand man at Stratton Oakmont.\nBelfort also played fast with the rules in arranging the 1993 initial public offering for childhood friend Steve Madden’s shoe company.Madden would become entangled in Belfort’s schemes, including a deal to secretly buy and sell stock in Stratton deals on behalf of Porush, who was legally limited in trading stocks in those companies, and a secret arrangement to provide Belfort with a majority stake in his company despite the NASD’s severe restrictions on Belfort’s actions.\nDespite evidence of finance chicanery, Belfort’s downfall began with the arrest of his drug dealer, a martial artist namedTodd Garrett,who was caught with $200,000 in cash from Belfort and Porush destined to be secretly transported to Switzerland. One year later, a French private banker who worked for a Swiss bank was arrested in Miami as part of a money-laundering scheme. In exchange for a lighter prison sentence, he identified his clients and cited Belfort and Porush.\nOn Sept. 2, 1998, Belfort was arrested for conspiracy to commit money laundering and securities fraud that resulted in 1,513 investors being swindled out of more than $200 million.After a week in custody, Belfort agreed to cut a deal with law enforcement agencies and agreed to wear a wire and record conversations with business associates who were under investigation.\nBelfort’s work as an informant brought dozens of financial professionals and lawyers into prison, but he was not spared from incarceration. Although sentenced to four years in prison in 2003, he only served a 22-month sentence. He was also ordered to pay a $110 million fine.\nA Stellar Encore:While serving his prison sentence, Belfort shared a cell with comedian Tommy Chong,who was incarcerated on drug-related charges. Chong encouraged Belfort to write his autobiography. After his release from prison in April 2006, his memoir “The Wolf of Wall Street” was acquired by Random House for $500,000 and became a critically acclaimed best-seller upon its 2007 publication. A second book, “Catching the Wolf of Wall Street,” was published in 2009.\nThe film version of “The Wolf of Wall Street” brought Belfort a new degree of pop culture recognition and helped in his post-prison career as a motivational speaker.\nThese years have not been without controversy. Prosecutors have accused him of failing to compensate the victims of his crimes and pocketing lucrative speaking fees instead of channeling them to his restitution requirements. But the federal government overplayed its hand by accusing him of fleeing to Australia to hide his wealth and avoid paying taxes — Belfort received a public apology for the release of that misinformation.\nBelfort filed a $300 million lawsuit against Red Granite,the production company that purchased the film rights to “The Wolf of Wall Street,” after it was exposed that the deal was financed with questionable funds from Malaysia. Belfort insisted he would never have transacted with the company if he was aware of the dirty money that financed its operations.\nLast month, Belfort posted a photo on his Facebook page that found him happily engaged in a poker game on a yacht’s casino table while a half-dozen cuties in bathing suits holding champagne glasses posed behind him. The message that accompanied the photo said,“If you want to be rich, never give up... If you have persistence, you will come out ahead of most people... When you do something, you might fail... Do it differently each time... and one day, you will do it right. Failure is your friend.”\nFor ex-FBI agent Greg Coleman, Belfort’s phoenix-like rise from the ashes of his own making represented the worst possible conclusion. Coleman considered Belfort’s ability to profit from his swindling and sourly told New York magazine ahead of “The Wolf of Wall Street” film premiere,\"Crime pays.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100105900,"gmtCreate":1619586053200,"gmtModify":1704726387883,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/100105900","repostId":"1124091974","repostType":4,"repost":{"id":"1124091974","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619567579,"share":"https://ttm.financial/m/news/1124091974?lang=&edition=fundamental","pubTime":"2021-04-28 07:52","market":"us","language":"en","title":"S&P 500 closes flat near a record high ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1124091974","media":"Tiger Newspress","summary":"The S&P 500 closed little changed near its record level on Tuesday as investors braced for a big bat","content":"<p>The S&amp;P 500 closed little changed near its record level on Tuesday as investors braced for a big batch of tech earnings.</p><p>The broad equity benchmark ended the day less than 0.1% lower at 4,186.72 after hitting a record high in the previous session. The Dow Jones Industrial Average also closed flat at 33,984.93. The tech-heavy Nasdaq Composite slid 0.3% to 14,090.22.</p><p>Shares of&nbsp;Tesla&nbsp;fell 4.5% even after the electric carmaker posted&nbsp;record net income of $438 million.Tesla also beat Wall Street’s earnings and revenue expectations handily, boosted by sales of bitcoin and regulatory credits. The shares have struggled this year, off by more than 20% from their record. The stock is still up more than 300% over the last 12 months.</p><p>UPS shares soared more than 10% after earnings blew past Wall Street estimates. The company said first-quarter revenue was up 27%.</p><p>The first-quarter earnings season kicked into high gear this week with key megacap tech companies such as Alphabet, Microsoft and AMD reporting after the bell Tuesday. Apple and Facebook earnings follow on Wednesday after the bell.</p><p>“Despite the fact that expectations are high, I believe that we are going to see the FANG stocks deliver and I think that’s the catalyst to continue the trajectory of the S&amp;P 500 to new all-time highs,” said Jeff Kilburg, chief investment officer at Sanctuary Wealth. “That’s the paramount focus of the week.”</p><p>So far, with about a third of the S&amp;P 500 having reported numbers, 84% of companies have turned in a positive earnings surprise, according to FactSet. However, stock moves have been relatively muted following the strong results with the market standing at record levels with high valuations.</p><p>On the data front, home prices in February registered&nbsp;the biggest gain in 15 years,rising 12% year over year and up from 11.2% in January, according to the S&amp;P CoreLogic Case-Shiller home price index.</p><p>Meanwhile, consumer confidence climbed sharply to hit a pandemic high with The Conference Board’s index jumping to 121.7, the highest since February 2020.</p><p>GameStop’s&nbsp;stock jumped more than 5% after the video game retailer&nbsp;said&nbsp;it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation.</p><p>“Strong breadth measures suggest stocks still may have more upside,” said Jeff Buchbinder, equity strategist at LPL Financial. “While valuations are elevated, they still appear reasonable when factoring in interest rates and inflation.”</p><p>The Federal Reserve kicked off its two-day policy meeting Tuesday. The central bank is not expected to take any action, but economists expect it to defend its policy to let inflation run hot.</p><p>The latest CNBC Fed Survey&nbsp;sees the central bank staying on hold and keeping its asset-buying program in place at the same levels&nbsp;for the rest of 2021, despite growing concerns about an overheating economy.</p><p><b>Big Tech earnings</b></p><p><a href=\"https://laohu8.com/NW/1157918353\" target=\"_blank\">Microsoft sales grow on cloud strength, shares dip on heightened valuation</a></p><p><a href=\"https://laohu8.com/NW/2130373930\" target=\"_blank\">Google Shares Rise On Revenue And Earnings Beat, $50B Buyback</a></p><p><a href=\"https://laohu8.com/NW/1187199105\" target=\"_blank\">AMD stock rises after earnings show data-center sales more than doubling</a></p><p><a href=\"https://laohu8.com/NW/2130731473\" target=\"_blank\">Pinterest shares sink as easing of pandemic restrictions weighs on user growth</a></p><p><a href=\"https://laohu8.com/NW/2130137370\" target=\"_blank\">Texas Instruments Surpasses Q1 Earnings and Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/2130769373\" target=\"_blank\">Starbucks sales miss estimates, shares drop despite rosier forecast</a></p><p><a href=\"https://laohu8.com/NW/2130606373\" target=\"_blank\">Visa stock gains after earnings beat, return to growth for credit transactions</a></p><p><a href=\"https://laohu8.com/NW/2130733443\" target=\"_blank\">Illumina Q1 EPS $1.89 Beats $1.38 Estimate, Sales $1.09B Beat $995.85M Estimate</a></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>S&P 500 closes flat near a record high ahead</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\">\nS&P 500 closes flat near a record high ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-28 07:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The S&amp;P 500 closed little changed near its record level on Tuesday as investors braced for a big batch of tech earnings.</p><p>The broad equity benchmark ended the day less than 0.1% lower at 4,186.72 after hitting a record high in the previous session. The Dow Jones Industrial Average also closed flat at 33,984.93. The tech-heavy Nasdaq Composite slid 0.3% to 14,090.22.</p><p>Shares of&nbsp;Tesla&nbsp;fell 4.5% even after the electric carmaker posted&nbsp;record net income of $438 million.Tesla also beat Wall Street’s earnings and revenue expectations handily, boosted by sales of bitcoin and regulatory credits. The shares have struggled this year, off by more than 20% from their record. The stock is still up more than 300% over the last 12 months.</p><p>UPS shares soared more than 10% after earnings blew past Wall Street estimates. The company said first-quarter revenue was up 27%.</p><p>The first-quarter earnings season kicked into high gear this week with key megacap tech companies such as Alphabet, Microsoft and AMD reporting after the bell Tuesday. Apple and Facebook earnings follow on Wednesday after the bell.</p><p>“Despite the fact that expectations are high, I believe that we are going to see the FANG stocks deliver and I think that’s the catalyst to continue the trajectory of the S&amp;P 500 to new all-time highs,” said Jeff Kilburg, chief investment officer at Sanctuary Wealth. “That’s the paramount focus of the week.”</p><p>So far, with about a third of the S&amp;P 500 having reported numbers, 84% of companies have turned in a positive earnings surprise, according to FactSet. However, stock moves have been relatively muted following the strong results with the market standing at record levels with high valuations.</p><p>On the data front, home prices in February registered&nbsp;the biggest gain in 15 years,rising 12% year over year and up from 11.2% in January, according to the S&amp;P CoreLogic Case-Shiller home price index.</p><p>Meanwhile, consumer confidence climbed sharply to hit a pandemic high with The Conference Board’s index jumping to 121.7, the highest since February 2020.</p><p>GameStop’s&nbsp;stock jumped more than 5% after the video game retailer&nbsp;said&nbsp;it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation.</p><p>“Strong breadth measures suggest stocks still may have more upside,” said Jeff Buchbinder, equity strategist at LPL Financial. “While valuations are elevated, they still appear reasonable when factoring in interest rates and inflation.”</p><p>The Federal Reserve kicked off its two-day policy meeting Tuesday. The central bank is not expected to take any action, but economists expect it to defend its policy to let inflation run hot.</p><p>The latest CNBC Fed Survey&nbsp;sees the central bank staying on hold and keeping its asset-buying program in place at the same levels&nbsp;for the rest of 2021, despite growing concerns about an overheating economy.</p><p><b>Big Tech earnings</b></p><p><a href=\"https://laohu8.com/NW/1157918353\" target=\"_blank\">Microsoft sales grow on cloud strength, shares dip on heightened valuation</a></p><p><a href=\"https://laohu8.com/NW/2130373930\" target=\"_blank\">Google Shares Rise On Revenue And Earnings Beat, $50B Buyback</a></p><p><a href=\"https://laohu8.com/NW/1187199105\" target=\"_blank\">AMD stock rises after earnings show data-center sales more than doubling</a></p><p><a href=\"https://laohu8.com/NW/2130731473\" target=\"_blank\">Pinterest shares sink as easing of pandemic restrictions weighs on user growth</a></p><p><a href=\"https://laohu8.com/NW/2130137370\" target=\"_blank\">Texas Instruments Surpasses Q1 Earnings and Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/2130769373\" target=\"_blank\">Starbucks sales miss estimates, shares drop despite rosier forecast</a></p><p><a href=\"https://laohu8.com/NW/2130606373\" target=\"_blank\">Visa stock gains after earnings beat, return to growth for credit transactions</a></p><p><a href=\"https://laohu8.com/NW/2130733443\" target=\"_blank\">Illumina Q1 EPS $1.89 Beats $1.38 Estimate, Sales $1.09B Beat $995.85M Estimate</a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司","GOOG":"谷歌","PINS":"Pinterest, Inc.","TSLA":"特斯拉","GOOGL":"谷歌A",".DJI":"道琼斯","MSFT":"微软","UPS":"联合包裹","GME":"游戏驿站",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124091974","content_text":"The S&P 500 closed little changed near its record level on Tuesday as investors braced for a big batch of tech earnings.The broad equity benchmark ended the day less than 0.1% lower at 4,186.72 after hitting a record high in the previous session. The Dow Jones Industrial Average also closed flat at 33,984.93. The tech-heavy Nasdaq Composite slid 0.3% to 14,090.22.Shares of Tesla fell 4.5% even after the electric carmaker posted record net income of $438 million.Tesla also beat Wall Street’s earnings and revenue expectations handily, boosted by sales of bitcoin and regulatory credits. The shares have struggled this year, off by more than 20% from their record. The stock is still up more than 300% over the last 12 months.UPS shares soared more than 10% after earnings blew past Wall Street estimates. The company said first-quarter revenue was up 27%.The first-quarter earnings season kicked into high gear this week with key megacap tech companies such as Alphabet, Microsoft and AMD reporting after the bell Tuesday. Apple and Facebook earnings follow on Wednesday after the bell.“Despite the fact that expectations are high, I believe that we are going to see the FANG stocks deliver and I think that’s the catalyst to continue the trajectory of the S&P 500 to new all-time highs,” said Jeff Kilburg, chief investment officer at Sanctuary Wealth. “That’s the paramount focus of the week.”So far, with about a third of the S&P 500 having reported numbers, 84% of companies have turned in a positive earnings surprise, according to FactSet. However, stock moves have been relatively muted following the strong results with the market standing at record levels with high valuations.On the data front, home prices in February registered the biggest gain in 15 years,rising 12% year over year and up from 11.2% in January, according to the S&P CoreLogic Case-Shiller home price index.Meanwhile, consumer confidence climbed sharply to hit a pandemic high with The Conference Board’s index jumping to 121.7, the highest since February 2020.GameStop’s stock jumped more than 5% after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation.“Strong breadth measures suggest stocks still may have more upside,” said Jeff Buchbinder, equity strategist at LPL Financial. “While valuations are elevated, they still appear reasonable when factoring in interest rates and inflation.”The Federal Reserve kicked off its two-day policy meeting Tuesday. The central bank is not expected to take any action, but economists expect it to defend its policy to let inflation run hot.The latest CNBC Fed Survey sees the central bank staying on hold and keeping its asset-buying program in place at the same levels for the rest of 2021, despite growing concerns about an overheating economy.Big Tech earningsMicrosoft sales grow on cloud strength, shares dip on heightened valuationGoogle Shares Rise On Revenue And Earnings Beat, $50B BuybackAMD stock rises after earnings show data-center sales more than doublingPinterest shares sink as easing of pandemic restrictions weighs on user growthTexas Instruments Surpasses Q1 Earnings and Revenue EstimatesStarbucks sales miss estimates, shares drop despite rosier forecastVisa stock gains after earnings beat, return to growth for credit transactionsIllumina Q1 EPS $1.89 Beats $1.38 Estimate, Sales $1.09B Beat $995.85M Estimate","news_type":1},"isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137452801,"gmtCreate":1622381389603,"gmtModify":1704183673829,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/137452801","repostId":"2138488778","repostType":4,"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138147428,"gmtCreate":1621920998264,"gmtModify":1704364482292,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138147428","repostId":"2137132568","repostType":4,"repost":{"id":"2137132568","pubTimestamp":1621915020,"share":"https://ttm.financial/m/news/2137132568?lang=&edition=fundamental","pubTime":"2021-05-25 11:57","market":"us","language":"en","title":"10 Reasons the Cryptocurrency Bubble Is Bursting","url":"https://stock-news.laohu8.com/highlight/detail?id=2137132568","media":"Motley Fool","summary":"This might be more than just a \"healthy pullback.\"","content":"<blockquote><b>This might be more than just a \"healthy pullback.\"</b></blockquote><p>For more than 100 years, the stock market has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.</p><p>That is until cryptocurrencies came along a little over a decade ago.</p><p>The emergence of <b>Bitcoin</b> (CRYPTO:BTC), <b>Ethereum</b> (CRYPTO:ETH), <b>Dogecoin</b> (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.</p><p>But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.</p><p>While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.</p><p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>1. There's very minimal real-world utility</p><p>One of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.</p><p>2. Valuations, relative to transaction data, made no sense</p><p>Even though valuation is somewhat subjective, <a href=\"https://laohu8.com/S/AONE.U\">one</a> glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA), would leave anyone's jaw on the floor.</p><p>The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.</p><p><img src=\"https://static.tigerbbs.com/ce89a01a16c15dafb27017a6a42cedc3\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>3. Businesses have been slow to adopt blockchain</p><p>On paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.</p><p>However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.</p><p>4. There's virtually no barrier to entry</p><p>Aside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.</p><p>In short, the crypto space is constantly being diluted by an unlimited amount of competition.</p><p><img src=\"https://static.tigerbbs.com/614d7f34734e33d740f7f9c02ed3f8fd\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>5. Centralization remains a problem</p><p>One of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.</p><p>6. Elon Musk is tugging at heartstrings</p><p>Another reason the crypto bubble is bursting is that it's been artificially driven by tweets from <b>Tesla</b>&nbsp;CEO Elon Musk.</p><p>At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.</p><p>The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.</p><p><img src=\"https://static.tigerbbs.com/4c7f03bc8a60bee0f293f0582f185505\" tg-width=\"700\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>7. Not all governments are OK with crypto</p><p>The crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.</p><p>And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.</p><p>8. There are no identifiable real-world correlations</p><p>Yet another issue with crypto is there are no readily identifiable real-world correlations.</p><p>For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.</p><p>Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.</p><p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>9. Leverage is haunting the crypto market</p><p>The cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.</p><p>According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.</p><p>10. Investors always overhype new tech</p><p>Finally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.</p>","source":"fool_stock","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>10 Reasons the Cryptocurrency Bubble Is Bursting</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\">\n10 Reasons the Cryptocurrency Bubble Is Bursting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/\">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","COIN":"Coinbase Global, Inc.","V":"Visa"},"source_url":"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137132568","content_text":"This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.That is until cryptocurrencies came along a little over a decade ago.The emergence of Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.Image source: Getty Images.1. There's very minimal real-world utilityOne of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.2. Valuations, relative to transaction data, made no senseEven though valuation is somewhat subjective, one glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as Visa (NYSE:V) and Mastercard (NYSE:MA), would leave anyone's jaw on the floor.The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.Image source: Getty Images.3. Businesses have been slow to adopt blockchainOn paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.4. There's virtually no barrier to entryAside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.In short, the crypto space is constantly being diluted by an unlimited amount of competition.Image source: Getty Images.5. Centralization remains a problemOne of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.6. Elon Musk is tugging at heartstringsAnother reason the crypto bubble is bursting is that it's been artificially driven by tweets from Tesla CEO Elon Musk.At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.Image source: Getty Images.7. Not all governments are OK with cryptoThe crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.8. There are no identifiable real-world correlationsYet another issue with crypto is there are no readily identifiable real-world correlations.For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.Image source: Getty Images.9. Leverage is haunting the crypto marketThe cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.10. Investors always overhype new techFinally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.","news_type":1},"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197554950,"gmtCreate":1621475266570,"gmtModify":1704358183739,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/197554950","repostId":"1168722900","repostType":4,"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195457452,"gmtCreate":1621311025876,"gmtModify":1704355584348,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195457452","repostId":"1187982931","repostType":4,"repost":{"id":"1187982931","pubTimestamp":1621295030,"share":"https://ttm.financial/m/news/1187982931?lang=&edition=fundamental","pubTime":"2021-05-18 07:43","market":"us","language":"en","title":"Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1187982931","media":"CNBC","summary":"Famed investor Michael Burry on Monday revealed in a regulatory filing a short position againstTeslaworth more than half a billion.Burry, one of the first investors to call and profit from the subprime mortgage crisis, is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to the filing with the U.S. Securities and Exchange Commission.Investors profit from puts when the underlying securities fall in prices. As of March 31, Burry owned 8,001 put co","content":"<div>\n<p>Famed investor Michael Burry on Monday revealed in a regulatory filing a short position againstTeslaworth more than half a billion.\nBurry, one of the first investors to call and profit from the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.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>Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla</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\">\nMichael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 07:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Famed investor Michael Burry on Monday revealed in a regulatory filing a short position againstTeslaworth more than half a billion.\nBurry, one of the first investors to call and profit from the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187982931","content_text":"Famed investor Michael Burry on Monday revealed in a regulatory filing a short position againstTeslaworth more than half a billion.\nBurry, one of the first investors to call and profit from the subprime mortgage crisis, is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to the filing with the U.S. Securities and Exchange Commission.\nInvestors profit from puts when the underlying securities fall in prices. As of March 31, Burry owned 8,001 put contracts, with unknown value, strike price, or expiry, according to the filing.\nShares of Tesla fell more than 4% on Monday, bringing its month-to-date losses to nearly 20%.\nBurry, whose firm is Scion Asset Management, shot to fame by betting against mortgage securities before the 2008 crisis. Burry was depicted in Michael Lewis' book \"The Big Short\" and the subsequent Oscar-winning movie of the same name.\nTesla has had a turbulent 2021 amid slumping sales in China in April, and parts shortages that have impeded production both in the U.S. and China.\n\nBurry previously mentioned in a tweet, which he later deleted, that Tesla's reliance on regulatory credits to generate profits is a red flag.\nAs more automakers produce battery-electric vehicles of their own, ostensibly fewer will need to purchase environmental regulatory credits from Tesla, which they have done in order to become compliant with environmental regulations.\nBesides his \"Big Short,\" Burry made a killing from along GameStop position recentlyas the Reddit favorite made Wall Street history with its massive short squeeze.\nIn thefirst quarter of 2021, Tesla reported $518 million in sales of regulatory credits, whichElon Musk's company generally receives from government programs to support renewable energy. It has sold these to other automakers, notably FCA (now Stellantis) when they needed credits to offset their own carbon footprint.\nIn thefourth quarter of 2020, Tesla's $270 million in net income was enabled by its sale of $401 million in regulatory credits to other automakers.\nTesla historically has racked up around $1.6 billion in regulatory energy credits, primarily zero emission vehicle credits, which helped the company report more than four consecutive quarters of profitability, qualifying the automaker for addition to the S&P 500 index.\nTesla is currently delayed in producing and delivering its updated versions of its high-end sedan and SUV, the Model S and X. And it is delayed in commercial production of its custom-designed \"4680\" battery cells for use in forthcoming vehicles, including the Cybertruck and Tesla Semi.\nMeanwhile, Musk's electric vehicle venture is facing regulatory scrutiny in China and the U.S. with high-profile vehicle crashes leading to negative publicity and investigations by vehicle safety authorities in both nations.\nMany believe that CEO Musk'stweets about bitcoinand dogecoin have also contributed to the volatility in Tesla's stock. Musk has tens of millions of followers on Twitter.\nMusk, a proponent of cryptocurrency generally, announced last week that Tesla was indefinitely suspending the acceptance of bitcoin as a payment for cars, saying he was concerned by the \"rapidly increasing use of fossil fuels for Bitcoin mining and transactions.\" Tesla revealed earlier this year that it bought $1.5 billion worth of bitcoin.\nTesla shares have dropped nearly 20% in 2021 after surging a whopping 740% in 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190121888,"gmtCreate":1620606947044,"gmtModify":1704345345127,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190121888","repostId":"2134686060","repostType":4,"isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104070083,"gmtCreate":1620347486142,"gmtModify":1704342263604,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/104070083","repostId":"1170281328","repostType":4,"repost":{"id":"1170281328","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620344531,"share":"https://ttm.financial/m/news/1170281328?lang=&edition=fundamental","pubTime":"2021-05-07 07:42","market":"us","language":"en","title":"Roku Q1 Active Account Growth Slows, Revenue Booms 79%","url":"https://stock-news.laohu8.com/highlight/detail?id=1170281328","media":"Tiger Newspress","summary":"Roku gained 2.4 million new active accounts for the first quarter of 2021, showing that the pandemic","content":"<p>Roku&nbsp;gained 2.4 million new active accounts for the first quarter of 2021, showing that the pandemic-driven streaming momentum that buoyed its results in 2020 has slowed down. Meanwhile, the company smashed analyst expectations for Q1, including posting an unexpected profit.</p><p>The streaming platform reported revenue of $574.2 million, up 79% year over year, and net income of $76.3 million (or 54 cents per diluted share) — after previously telling investors it was expecting a loss for Q1.<img src=\"https://static.tigerbbs.com/7210e5bfa6af28628b2748cc0bf002ce\" tg-width=\"734\" tg-height=\"652\">With the pickup of new active accounts, Roku in Q1 2021 had 53.6 million total, up 35% year over year but a slower pace than its quarterly growth rates last year (37%-43%).</p><p>Wall Street analysts on average expected Roku to report Q1 revenue of $490.6 million and a loss of 13 cents per share.</p><p>“Though there will be difficult COVID-19-related comparisons in 2021, we believe that the shift to streaming is inevitable,” CEO Anthony Wood and CFO Steve Louden wrote in a letter to shareholders. “It will be global and will transform the way content is distributed and monetized.”</p><p>Roku’s Platform segment revenue — comprising ad sales and revenue-sharing deals with content partners — doubled in Q1, to $466.5 million. The company said streaming hours consumed on Roku devices increased by 1.4 billion hours over last quarter to 18.3 billion. In addition, Roku reported average revenue per user (ARPU) on a trailing 12-month basis hit $32.14 in Q1, up 32% year over year.</p><p>Roku’s Q1 earnings report comes after a public escalation in its fight with Google.Roku pulled YouTube TV from its channel store on April 30, alleging that Google was making anticompetitive demands for Roku to continue distribution of the core YouTube app. Google denied it was seeking any preferential treatment and claimed it was Roku that tied discussions over YouTube TV distribution with the deal to carry YouTube.</p><p>Roku’s stock price dropped more than 20% following the YouTube TV removal. In after-hours trading Thursday, shares were up as much as 8.9% on the strong Q1 earnings.<img src=\"https://static.tigerbbs.com/4d683dc6f07f82fc22e9381de1fa1dce\" tg-width=\"704\" tg-height=\"520\">For the second quarter, Roku issued guidance of net revenue between $610 million and $620 million</p><p>and net income of $10 million-$20 million.</p><p>The Roku Channel, the company’s free, ad-supported service that also provides access to live TV and SVOD channels, had another quarter of record growth, reaching U.S. households with an estimated 70 million people, more than doubling from Q1 2020. Another key stat: According to Roku, in the first three months of 2021, more than 85% of adults 18-49 who watched The Roku Channel were unduplicated with traditional TV.</p><p>To boost The Roku Channel’s momentum, the company has embarked on a strategy of acquiring and producing original content.</p><p>The companybought the now-defunct Quibicontent library in January — encompassing more than 75 original shows — which it isrebranding as “Roku Originals”and release them on its free-to-watch AVOD service soon. Roku Originals also will be the brand name for future original programming on The Roku Channel. And last month,Roku acquired This Old House&nbsp;Ventures, producer of “This Old House” and “Ask This Old House” TV shows, in a deal that included a library of more than 1,500 episodes.</p><p>“[W]e expect that our content investment will continue to be commensurate with the scale and growth trajectory of The Roku Channel,” Wood and Louden wrote.</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>Roku Q1 Active Account Growth Slows, Revenue Booms 79%</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\">\nRoku Q1 Active Account Growth Slows, Revenue Booms 79%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-07 07:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Roku&nbsp;gained 2.4 million new active accounts for the first quarter of 2021, showing that the pandemic-driven streaming momentum that buoyed its results in 2020 has slowed down. Meanwhile, the company smashed analyst expectations for Q1, including posting an unexpected profit.</p><p>The streaming platform reported revenue of $574.2 million, up 79% year over year, and net income of $76.3 million (or 54 cents per diluted share) — after previously telling investors it was expecting a loss for Q1.<img src=\"https://static.tigerbbs.com/7210e5bfa6af28628b2748cc0bf002ce\" tg-width=\"734\" tg-height=\"652\">With the pickup of new active accounts, Roku in Q1 2021 had 53.6 million total, up 35% year over year but a slower pace than its quarterly growth rates last year (37%-43%).</p><p>Wall Street analysts on average expected Roku to report Q1 revenue of $490.6 million and a loss of 13 cents per share.</p><p>“Though there will be difficult COVID-19-related comparisons in 2021, we believe that the shift to streaming is inevitable,” CEO Anthony Wood and CFO Steve Louden wrote in a letter to shareholders. “It will be global and will transform the way content is distributed and monetized.”</p><p>Roku’s Platform segment revenue — comprising ad sales and revenue-sharing deals with content partners — doubled in Q1, to $466.5 million. The company said streaming hours consumed on Roku devices increased by 1.4 billion hours over last quarter to 18.3 billion. In addition, Roku reported average revenue per user (ARPU) on a trailing 12-month basis hit $32.14 in Q1, up 32% year over year.</p><p>Roku’s Q1 earnings report comes after a public escalation in its fight with Google.Roku pulled YouTube TV from its channel store on April 30, alleging that Google was making anticompetitive demands for Roku to continue distribution of the core YouTube app. Google denied it was seeking any preferential treatment and claimed it was Roku that tied discussions over YouTube TV distribution with the deal to carry YouTube.</p><p>Roku’s stock price dropped more than 20% following the YouTube TV removal. In after-hours trading Thursday, shares were up as much as 8.9% on the strong Q1 earnings.<img src=\"https://static.tigerbbs.com/4d683dc6f07f82fc22e9381de1fa1dce\" tg-width=\"704\" tg-height=\"520\">For the second quarter, Roku issued guidance of net revenue between $610 million and $620 million</p><p>and net income of $10 million-$20 million.</p><p>The Roku Channel, the company’s free, ad-supported service that also provides access to live TV and SVOD channels, had another quarter of record growth, reaching U.S. households with an estimated 70 million people, more than doubling from Q1 2020. Another key stat: According to Roku, in the first three months of 2021, more than 85% of adults 18-49 who watched The Roku Channel were unduplicated with traditional TV.</p><p>To boost The Roku Channel’s momentum, the company has embarked on a strategy of acquiring and producing original content.</p><p>The companybought the now-defunct Quibicontent library in January — encompassing more than 75 original shows — which it isrebranding as “Roku Originals”and release them on its free-to-watch AVOD service soon. Roku Originals also will be the brand name for future original programming on The Roku Channel. And last month,Roku acquired This Old House&nbsp;Ventures, producer of “This Old House” and “Ask This Old House” TV shows, in a deal that included a library of more than 1,500 episodes.</p><p>“[W]e expect that our content investment will continue to be commensurate with the scale and growth trajectory of The Roku Channel,” Wood and Louden wrote.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170281328","content_text":"Roku gained 2.4 million new active accounts for the first quarter of 2021, showing that the pandemic-driven streaming momentum that buoyed its results in 2020 has slowed down. Meanwhile, the company smashed analyst expectations for Q1, including posting an unexpected profit.The streaming platform reported revenue of $574.2 million, up 79% year over year, and net income of $76.3 million (or 54 cents per diluted share) — after previously telling investors it was expecting a loss for Q1.With the pickup of new active accounts, Roku in Q1 2021 had 53.6 million total, up 35% year over year but a slower pace than its quarterly growth rates last year (37%-43%).Wall Street analysts on average expected Roku to report Q1 revenue of $490.6 million and a loss of 13 cents per share.“Though there will be difficult COVID-19-related comparisons in 2021, we believe that the shift to streaming is inevitable,” CEO Anthony Wood and CFO Steve Louden wrote in a letter to shareholders. “It will be global and will transform the way content is distributed and monetized.”Roku’s Platform segment revenue — comprising ad sales and revenue-sharing deals with content partners — doubled in Q1, to $466.5 million. The company said streaming hours consumed on Roku devices increased by 1.4 billion hours over last quarter to 18.3 billion. In addition, Roku reported average revenue per user (ARPU) on a trailing 12-month basis hit $32.14 in Q1, up 32% year over year.Roku’s Q1 earnings report comes after a public escalation in its fight with Google.Roku pulled YouTube TV from its channel store on April 30, alleging that Google was making anticompetitive demands for Roku to continue distribution of the core YouTube app. Google denied it was seeking any preferential treatment and claimed it was Roku that tied discussions over YouTube TV distribution with the deal to carry YouTube.Roku’s stock price dropped more than 20% following the YouTube TV removal. In after-hours trading Thursday, shares were up as much as 8.9% on the strong Q1 earnings.For the second quarter, Roku issued guidance of net revenue between $610 million and $620 millionand net income of $10 million-$20 million.The Roku Channel, the company’s free, ad-supported service that also provides access to live TV and SVOD channels, had another quarter of record growth, reaching U.S. households with an estimated 70 million people, more than doubling from Q1 2020. Another key stat: According to Roku, in the first three months of 2021, more than 85% of adults 18-49 who watched The Roku Channel were unduplicated with traditional TV.To boost The Roku Channel’s momentum, the company has embarked on a strategy of acquiring and producing original content.The companybought the now-defunct Quibicontent library in January — encompassing more than 75 original shows — which it isrebranding as “Roku Originals”and release them on its free-to-watch AVOD service soon. Roku Originals also will be the brand name for future original programming on The Roku Channel. And last month,Roku acquired This Old House Ventures, producer of “This Old House” and “Ask This Old House” TV shows, in a deal that included a library of more than 1,500 episodes.“[W]e expect that our content investment will continue to be commensurate with the scale and growth trajectory of The Roku Channel,” Wood and Louden wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375263840,"gmtCreate":1619348919280,"gmtModify":1704722739591,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375263840","repostId":"1188060568","repostType":4,"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372969573,"gmtCreate":1619168647092,"gmtModify":1704720699119,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/372969573","repostId":"1128911279","repostType":4,"repost":{"id":"1128911279","pubTimestamp":1619161805,"share":"https://ttm.financial/m/news/1128911279?lang=&edition=fundamental","pubTime":"2021-04-23 15:10","market":"us","language":"en","title":"Would Tax Hikes Spell Doom for the Stock Market?","url":"https://stock-news.laohu8.com/highlight/detail?id=1128911279","media":"Motley Fool","summary":"Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.The stoc","content":"<p>Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.</p><p>The stock market had a turbulent day on Thursday, with initial gains during the first half of the trading session giving way to sharper losses in the mid-afternoon. By the end of the day, the&nbsp;<b>Dow Jones Industrial Average</b>&nbsp;(DJINDICES:^DJI),<b>S&amp;P 500</b>&nbsp;(SNPINDEX:^GSPC), and&nbsp;<b>Nasdaq Composite</b>&nbsp;(NASDAQINDEX:^IXIC)were all down close to 1% on the day, reversing most of the positive momentum that Wall Street built up in the previous day's session on Wednesday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bffd9c86b9306074ca1ff042f238caed\" tg-width=\"1152\" tg-height=\"333\" referrerpolicy=\"no-referrer\"><span>DATA SOURCE: YAHOO! FINANCE.</span></p><p>The midday decline came amid reports that the Biden administration would propose tax increases on high-income taxpayers. The proposal targets a provision that long-term investors have taken advantage of for decades: the favorable&nbsp;tax rate on capital gains, the profits they realize when they sell stocks or other investments.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eeff2a6b63b58cdea2311005593d3979\" tg-width=\"2000\" tg-height=\"1332\" referrerpolicy=\"no-referrer\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><b>What taxes could go up, and on whom?</b></p><p>The proposal, as reported, would affect the way long-term capital gains get taxed for those with incomes above $1 million. Currently, investors pay the same tax rates on short-term capital gains on investments held for a year or less as they do on most other forms of income, such as wages and salaries or interest. However, if an investor holds onto an investment for longer than a year and then sells it, long-term capital-gains tax treatment applies.</p><p>Although the brackets aren't exactly aligned, in general, those who pay 10% or 12% in tax on ordinary income pay 0% on their long-term capital gains. Those paying 22% to 35% typically pay a 15% long-term capital-gains tax, while top-bracket taxpayers whose ordinary income tax rate is 37% have a 20% maximum rate on their investment gains for assets held long term.</p><p>Under the proposed new rules, favorable tax treatment for long-term capital gains would remain completely in place for everyone in the first two groups and even for many in the third group. However, for taxpayers with incomes above $1 million, the lower long-term capital-gains tax rates would go away and they'd instead have to pay ordinary income tax rates on those gains, as well.</p><p><b>Why investors shouldn't be surprised</b></p><p>The reported proposal isn't a new one. Biden&nbsp;discussed it during the 2020 presidential campaign&nbsp;as one of the aspects of his broader tax plan. It's likely that the final version of any actual bill introduced in Congress would also include an increase in the top tax bracket to 39.6%, which was the level in effect immediately before tax-reform efforts made major changes to tax laws for the 2018 tax year.</p><p>Moreover, the legislation is far from a done deal. Even with Democrats having control of both houses of Congress and the White House, the margins are razor-thin. Already, some Democratic lawmakers have balked at tax-policy proposals, and in the Senate, the loss of even a single vote would be sufficient to prevent a tax bill from becoming law.</p><p><b>Is a stock market crash imminent?</b></p><p>It's understandable that investors would worry that a capital-gains tax hike might cause the stock market to drop. If investors sell their stocks now to lock in current lower rates, it could create short-term selling pressure. In the long run, though, the fundamentals of underlying businesses should still control share-price movements.</p><p>Moreover, this wouldn't be the first time capital-gains taxes have risen. In 2012, maximum capital-gains rates rose from 15% to 20%. Yet that didn't stop U.S. stocks from continuing what would eventually become a decade-long bull market.</p><p>Tax-law changes require some planning, but investors shouldn't change their entire investing strategy because of taxes. Letting them&nbsp;<i>define</i>&nbsp;how you invest can be a huge mistake and distract you from the task of finding the best companies and owning their shares for the long haul.</p><p>Read more:<a href=\"https://laohu8.com/NW/1180283228\" target=\"_blank\">Stocks Will Get Over Their Big Biden Tax Wobble</a></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>Would Tax Hikes Spell Doom for the Stock 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\">\nWould Tax Hikes Spell Doom for the Stock Market?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 15:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/22/would-tax-hikes-spell-doom-for-the-stock-market/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.The stock market had a turbulent day on Thursday, with initial gains during the first half of the trading ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/22/would-tax-hikes-spell-doom-for-the-stock-market/\">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.fool.com/investing/2021/04/22/would-tax-hikes-spell-doom-for-the-stock-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128911279","content_text":"Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.The stock market had a turbulent day on Thursday, with initial gains during the first half of the trading session giving way to sharper losses in the mid-afternoon. By the end of the day, the Dow Jones Industrial Average (DJINDICES:^DJI),S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC)were all down close to 1% on the day, reversing most of the positive momentum that Wall Street built up in the previous day's session on Wednesday.DATA SOURCE: YAHOO! FINANCE.The midday decline came amid reports that the Biden administration would propose tax increases on high-income taxpayers. The proposal targets a provision that long-term investors have taken advantage of for decades: the favorable tax rate on capital gains, the profits they realize when they sell stocks or other investments.IMAGE SOURCE: GETTY IMAGES.What taxes could go up, and on whom?The proposal, as reported, would affect the way long-term capital gains get taxed for those with incomes above $1 million. Currently, investors pay the same tax rates on short-term capital gains on investments held for a year or less as they do on most other forms of income, such as wages and salaries or interest. However, if an investor holds onto an investment for longer than a year and then sells it, long-term capital-gains tax treatment applies.Although the brackets aren't exactly aligned, in general, those who pay 10% or 12% in tax on ordinary income pay 0% on their long-term capital gains. Those paying 22% to 35% typically pay a 15% long-term capital-gains tax, while top-bracket taxpayers whose ordinary income tax rate is 37% have a 20% maximum rate on their investment gains for assets held long term.Under the proposed new rules, favorable tax treatment for long-term capital gains would remain completely in place for everyone in the first two groups and even for many in the third group. However, for taxpayers with incomes above $1 million, the lower long-term capital-gains tax rates would go away and they'd instead have to pay ordinary income tax rates on those gains, as well.Why investors shouldn't be surprisedThe reported proposal isn't a new one. Biden discussed it during the 2020 presidential campaign as one of the aspects of his broader tax plan. It's likely that the final version of any actual bill introduced in Congress would also include an increase in the top tax bracket to 39.6%, which was the level in effect immediately before tax-reform efforts made major changes to tax laws for the 2018 tax year.Moreover, the legislation is far from a done deal. Even with Democrats having control of both houses of Congress and the White House, the margins are razor-thin. Already, some Democratic lawmakers have balked at tax-policy proposals, and in the Senate, the loss of even a single vote would be sufficient to prevent a tax bill from becoming law.Is a stock market crash imminent?It's understandable that investors would worry that a capital-gains tax hike might cause the stock market to drop. If investors sell their stocks now to lock in current lower rates, it could create short-term selling pressure. In the long run, though, the fundamentals of underlying businesses should still control share-price movements.Moreover, this wouldn't be the first time capital-gains taxes have risen. In 2012, maximum capital-gains rates rose from 15% to 20%. Yet that didn't stop U.S. stocks from continuing what would eventually become a decade-long bull market.Tax-law changes require some planning, but investors shouldn't change their entire investing strategy because of taxes. Letting them define how you invest can be a huge mistake and distract you from the task of finding the best companies and owning their shares for the long haul.Read more:Stocks Will Get Over Their Big Biden Tax Wobble","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805070721,"gmtCreate":1627828900163,"gmtModify":1703496356986,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>value&nbsp;","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>value&nbsp;","text":"$Alibaba(09988)$value","images":[{"img":"https://static.tigerbbs.com/a9dad4c30212d37368df352c0af1b7ec","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805070721","isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":153708268,"gmtCreate":1625047441154,"gmtModify":1703734808426,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow the the moon&nbsp;","listText":"Wow the the moon&nbsp;","text":"Wow the the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153708268","repostId":"1145186822","repostType":4,"repost":{"id":"1145186822","pubTimestamp":1625043845,"share":"https://ttm.financial/m/news/1145186822?lang=&edition=fundamental","pubTime":"2021-06-30 17:04","market":"us","language":"en","title":"Buffett and Munger Talk Zoom, Robinhood, and Lessons From the Pandemic","url":"https://stock-news.laohu8.com/highlight/detail?id=1145186822","media":"Barrons","summary":"Unlike his longtime friend and business partner Charlie Munger,Berkshire Hathaway CEO Warren Buffett","content":"<p>Unlike his longtime friend and business partner Charlie Munger,Berkshire Hathaway&nbsp;CEO Warren Buffett isn’t a huge fan of&nbsp;Zoom&nbsp;meetings.</p>\n<p>“I did it once or twice, and they had a whole screen of people. I just didn’t figure it was adding to the experience,” Buffett, 90, said&nbsp;in an interview with CNBC&nbsp;that aired Tuesday. “I find the telephone a very satisfactory instrument.”</p>\n<p>Munger, on the other hand, uses the service three times a day. “I think Zoom is here to stay,” Munger said. “It just adds so much convenience.”</p>\n<p>“Well, particularly, if you’re 97,” Buffett quipped, referring to Munger’s age.</p>\n<p>In an interview with CNBC filmed from Munger’s backyard in Los Angeles after&nbsp;Berkshire Hathaway’s annual meeting&nbsp;in May, the pair also discussed the uneven impact of the pandemic on small businesses, their negative views of trading platform Robinhood, and the dangers of excessive margin.</p>\n<p>On the impact of the pandemic, Buffett said: “I don’t know how many but many hundreds of thousands or millions of small businesses have been hurt in a terrible way. But most of the big, big companies have overwhelmingly done fine unless they happen to be in cruise lines or hotels or something.”</p>\n<p>Munger said he believes a lot of business travel, among other things, won’t come back following the pandemic. “A lot of people have found they don’t need to be [in an office]. I think all kinds of things are going to happen that we don’t go back to what we did before.”</p>\n<p>“Some people did better than [the U.S.],” Munger added, referring to China’s aggressive response to the virus and subsequent recovery. “They didn’t allow any contact. You picked up your groceries in a box in the apartment and that’s all the contact you had with anybody for six weeks. And, when it was all over, they kind of went back to work. It happened they did it exactly right.”</p>\n<p>Much of the special was biographical, with Buffett and Munger reflecting on their first meeting and how their friendship-at-first-sight evolved into a decadeslong venture&nbsp;transforming the Berkshire Hathaway textile company into one of the world’s largest conglomerates.</p>\n<p>Asked about Robinhood, Munger called the stock trading app “a gambling parlor masquerading as a respectable business.”</p>\n<p>“[Robinhood] is not encouraging people to buy a very, very, very low-cost index fund and hold it for 50 years,” Buffett said. “I will guarantee you that you will not walk in there, get that advice. Instead, you’ll get advice on how you can trade options.”</p>\n<p>Munger also suggested apps like Robinhood aren’t commission-free because the real costs—namely the process of&nbsp;payment for order flow—are hidden.</p>\n<p>“It’s basically a sleazy, disreputable operation,” Munger said. “And the interesting thing about it is that some good people you would be glad to have marry into your family have backed it.”</p>\n<p>Reached for comment, a Robinhood spokesperson referred<i>Barron’s</i>to a May 3 statement from when Munger and Buffett previously criticized the app. “Robinhood has made investing simpler and more accessible to more people — and the public has responded. We are proud of that fact,” Jacqueline Ortiz Ramsay, head of public policy communications at Robinhood,wrote at the time.</p>\n<p>Regarding the&nbsp;blow-up of&nbsp;hedge fund Archegos Capital that resulted in market volatility and major losses at several banks earlier this year, Munger called for more strict margin requirements.</p>\n<p>“The people who are making money out of this unreasonable extension of credit argue for it, and nobody’s speaking against it,” Munger said. “And last time around, we got the correct regulation that came and stayed for a long time on margin debt only because we had the worst depression in the history of the English-speaking world. That’s what it took to get a little sense into the politicians.”</p>","source":"lsy1601382232898","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>Buffett and Munger Talk Zoom, Robinhood, and Lessons From the Pandemic</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\">\nBuffett and Munger Talk Zoom, Robinhood, and Lessons From the Pandemic\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/buffett-munger-zoom-robinhood-pandemic-51625020162?mod=hp_LEADSUPP_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Unlike his longtime friend and business partner Charlie Munger,Berkshire Hathaway CEO Warren Buffett isn’t a huge fan of Zoom meetings.\n“I did it once or twice, and they had a whole screen of people. ...</p>\n\n<a href=\"https://www.barrons.com/articles/buffett-munger-zoom-robinhood-pandemic-51625020162?mod=hp_LEADSUPP_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom","BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://www.barrons.com/articles/buffett-munger-zoom-robinhood-pandemic-51625020162?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145186822","content_text":"Unlike his longtime friend and business partner Charlie Munger,Berkshire Hathaway CEO Warren Buffett isn’t a huge fan of Zoom meetings.\n“I did it once or twice, and they had a whole screen of people. I just didn’t figure it was adding to the experience,” Buffett, 90, said in an interview with CNBC that aired Tuesday. “I find the telephone a very satisfactory instrument.”\nMunger, on the other hand, uses the service three times a day. “I think Zoom is here to stay,” Munger said. “It just adds so much convenience.”\n“Well, particularly, if you’re 97,” Buffett quipped, referring to Munger’s age.\nIn an interview with CNBC filmed from Munger’s backyard in Los Angeles after Berkshire Hathaway’s annual meeting in May, the pair also discussed the uneven impact of the pandemic on small businesses, their negative views of trading platform Robinhood, and the dangers of excessive margin.\nOn the impact of the pandemic, Buffett said: “I don’t know how many but many hundreds of thousands or millions of small businesses have been hurt in a terrible way. But most of the big, big companies have overwhelmingly done fine unless they happen to be in cruise lines or hotels or something.”\nMunger said he believes a lot of business travel, among other things, won’t come back following the pandemic. “A lot of people have found they don’t need to be [in an office]. I think all kinds of things are going to happen that we don’t go back to what we did before.”\n“Some people did better than [the U.S.],” Munger added, referring to China’s aggressive response to the virus and subsequent recovery. “They didn’t allow any contact. You picked up your groceries in a box in the apartment and that’s all the contact you had with anybody for six weeks. And, when it was all over, they kind of went back to work. It happened they did it exactly right.”\nMuch of the special was biographical, with Buffett and Munger reflecting on their first meeting and how their friendship-at-first-sight evolved into a decadeslong venture transforming the Berkshire Hathaway textile company into one of the world’s largest conglomerates.\nAsked about Robinhood, Munger called the stock trading app “a gambling parlor masquerading as a respectable business.”\n“[Robinhood] is not encouraging people to buy a very, very, very low-cost index fund and hold it for 50 years,” Buffett said. “I will guarantee you that you will not walk in there, get that advice. Instead, you’ll get advice on how you can trade options.”\nMunger also suggested apps like Robinhood aren’t commission-free because the real costs—namely the process of payment for order flow—are hidden.\n“It’s basically a sleazy, disreputable operation,” Munger said. “And the interesting thing about it is that some good people you would be glad to have marry into your family have backed it.”\nReached for comment, a Robinhood spokesperson referredBarron’sto a May 3 statement from when Munger and Buffett previously criticized the app. “Robinhood has made investing simpler and more accessible to more people — and the public has responded. We are proud of that fact,” Jacqueline Ortiz Ramsay, head of public policy communications at Robinhood,wrote at the time.\nRegarding the blow-up of hedge fund Archegos Capital that resulted in market volatility and major losses at several banks earlier this year, Munger called for more strict margin requirements.\n“The people who are making money out of this unreasonable extension of credit argue for it, and nobody’s speaking against it,” Munger said. “And last time around, we got the correct regulation that came and stayed for a long time on margin debt only because we had the worst depression in the history of the English-speaking world. That’s what it took to get a little sense into the politicians.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122487717,"gmtCreate":1624630261239,"gmtModify":1703842242995,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122487717","repostId":"1130094078","repostType":4,"repost":{"id":"1130094078","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1624625333,"share":"https://ttm.financial/m/news/1130094078?lang=&edition=fundamental","pubTime":"2021-06-25 20:48","market":"us","language":"en","title":"SPAC Wars: DraftKings Vs. Rush Street Interactive","url":"https://stock-news.laohu8.com/highlight/detail?id=1130094078","media":"Benzinga","summary":"The hosts of Benzinga’s “SPACs Attack” held several SPAC Wars battles featuring companies that went ","content":"<p>The hosts of Benzinga’s “SPACs Attack” held several SPAC Wars battles featuring companies that went public via SPAC merger competing in the same industry.</p>\n<p>One of the high-profilebattleswas<b>Draftkings Inc</b>(NASDAQ:DKNG) versus<b>Rush Street Interactive Inc</b>(NYSE:RSI), two companies operating in the online sports betting and online gaming sector.</p>\n<p><b>DraftKings:</b>&nbsp;Co-host Chris Katje highlighted DraftKings as the online sports betting company present in more states than any other competitor.</p>\n<p>There are three online sports betting companies that operate in 10 or more states with DraftKings being the leader by a number of states.</p>\n<p>“DraftKings is one of the best performing former SPACs out there,” Katje said.</p>\n<p>DraftKings has a strong market share of No. 1 or&nbsp;No. 2 in many of its states including New Jersey, the most mature market, and Pennsylvania where it beats Barstool Sports and<b>Penn National Gaming Inc</b>(NASDAQ:PENN) in its home state.</p>\n<p>DraftKingsreportedfirst-quarter revenue of $312 million, up 175% year-over-year and 1.5 million monthly unique players, up 114% year-over-year.</p>\n<p>With FanDuel&nbsp;trading as a unit of OTC stock<b>Flutter Entertainment ADR</b>(OTC:PDYPY), DraftKings is a pure-play option for investors.</p>\n<p>“DraftKings is the pure-play here, the market leader for investors to get excited about,” Katje said.</p>\n<p>DraftKings expansion into media through a chief media officer, new acquisitions and investments could help the company grow its customer base, Katje added.</p>\n<p><b>Rush Street Interactive:</b>&nbsp;Strong analyst ratings and price targets for Rush Street Interactive could highlight how undervalued the company is, co-host Mitch Hoch said.</p>\n<p>“You’re paying up for that DraftKings,” Hoch said highlighting the 5.4x revenue valuation for Rush Street Interactive compared to a double-digit multiple for DraftKings.</p>\n<p>Revenue growth is expected to be higher in the future for Rush Street compared to peers, Hoch pointed out.</p>\n<p>“The fundamentals are making sense,” he said.</p>\n<p>Hoch also highlighted the international exposure Rush Street Interactive has with operations in Colombia.</p>\n<p>“Rush Street focusing on profits,” Katje said. The host added that the smaller Rush Street could be an acquisition target to a larger player with its technology stack andexposureto several states.</p>\n<p><b>The Winner:</b>&nbsp;Viewers of “SPACs Attack” picked Rush Street Interactive as the winner in the battle.</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>SPAC Wars: DraftKings Vs. Rush Street Interactive</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\">\nSPAC Wars: DraftKings Vs. Rush Street Interactive\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-25 20:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The hosts of Benzinga’s “SPACs Attack” held several SPAC Wars battles featuring companies that went public via SPAC merger competing in the same industry.</p>\n<p>One of the high-profilebattleswas<b>Draftkings Inc</b>(NASDAQ:DKNG) versus<b>Rush Street Interactive Inc</b>(NYSE:RSI), two companies operating in the online sports betting and online gaming sector.</p>\n<p><b>DraftKings:</b>&nbsp;Co-host Chris Katje highlighted DraftKings as the online sports betting company present in more states than any other competitor.</p>\n<p>There are three online sports betting companies that operate in 10 or more states with DraftKings being the leader by a number of states.</p>\n<p>“DraftKings is one of the best performing former SPACs out there,” Katje said.</p>\n<p>DraftKings has a strong market share of No. 1 or&nbsp;No. 2 in many of its states including New Jersey, the most mature market, and Pennsylvania where it beats Barstool Sports and<b>Penn National Gaming Inc</b>(NASDAQ:PENN) in its home state.</p>\n<p>DraftKingsreportedfirst-quarter revenue of $312 million, up 175% year-over-year and 1.5 million monthly unique players, up 114% year-over-year.</p>\n<p>With FanDuel&nbsp;trading as a unit of OTC stock<b>Flutter Entertainment ADR</b>(OTC:PDYPY), DraftKings is a pure-play option for investors.</p>\n<p>“DraftKings is the pure-play here, the market leader for investors to get excited about,” Katje said.</p>\n<p>DraftKings expansion into media through a chief media officer, new acquisitions and investments could help the company grow its customer base, Katje added.</p>\n<p><b>Rush Street Interactive:</b>&nbsp;Strong analyst ratings and price targets for Rush Street Interactive could highlight how undervalued the company is, co-host Mitch Hoch said.</p>\n<p>“You’re paying up for that DraftKings,” Hoch said highlighting the 5.4x revenue valuation for Rush Street Interactive compared to a double-digit multiple for DraftKings.</p>\n<p>Revenue growth is expected to be higher in the future for Rush Street compared to peers, Hoch pointed out.</p>\n<p>“The fundamentals are making sense,” he said.</p>\n<p>Hoch also highlighted the international exposure Rush Street Interactive has with operations in Colombia.</p>\n<p>“Rush Street focusing on profits,” Katje said. The host added that the smaller Rush Street could be an acquisition target to a larger player with its technology stack andexposureto several states.</p>\n<p><b>The Winner:</b>&nbsp;Viewers of “SPACs Attack” picked Rush Street Interactive as the winner in the battle.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc.","RSI":"Rush Street Interactive, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130094078","content_text":"The hosts of Benzinga’s “SPACs Attack” held several SPAC Wars battles featuring companies that went public via SPAC merger competing in the same industry.\nOne of the high-profilebattleswasDraftkings Inc(NASDAQ:DKNG) versusRush Street Interactive Inc(NYSE:RSI), two companies operating in the online sports betting and online gaming sector.\nDraftKings: Co-host Chris Katje highlighted DraftKings as the online sports betting company present in more states than any other competitor.\nThere are three online sports betting companies that operate in 10 or more states with DraftKings being the leader by a number of states.\n“DraftKings is one of the best performing former SPACs out there,” Katje said.\nDraftKings has a strong market share of No. 1 or No. 2 in many of its states including New Jersey, the most mature market, and Pennsylvania where it beats Barstool Sports andPenn National Gaming Inc(NASDAQ:PENN) in its home state.\nDraftKingsreportedfirst-quarter revenue of $312 million, up 175% year-over-year and 1.5 million monthly unique players, up 114% year-over-year.\nWith FanDuel trading as a unit of OTC stockFlutter Entertainment ADR(OTC:PDYPY), DraftKings is a pure-play option for investors.\n“DraftKings is the pure-play here, the market leader for investors to get excited about,” Katje said.\nDraftKings expansion into media through a chief media officer, new acquisitions and investments could help the company grow its customer base, Katje added.\nRush Street Interactive: Strong analyst ratings and price targets for Rush Street Interactive could highlight how undervalued the company is, co-host Mitch Hoch said.\n“You’re paying up for that DraftKings,” Hoch said highlighting the 5.4x revenue valuation for Rush Street Interactive compared to a double-digit multiple for DraftKings.\nRevenue growth is expected to be higher in the future for Rush Street compared to peers, Hoch pointed out.\n“The fundamentals are making sense,” he said.\nHoch also highlighted the international exposure Rush Street Interactive has with operations in Colombia.\n“Rush Street focusing on profits,” Katje said. The host added that the smaller Rush Street could be an acquisition target to a larger player with its technology stack andexposureto several states.\nThe Winner: Viewers of “SPACs Attack” picked Rush Street Interactive as the winner in the battle.","news_type":1},"isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198501488,"gmtCreate":1620966908444,"gmtModify":1704351280147,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198501488","repostId":"2135333671","repostType":4,"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199426647,"gmtCreate":1620728294389,"gmtModify":1704347417552,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/199426647","repostId":"2134655294","repostType":4,"repost":{"id":"2134655294","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1620726000,"share":"https://ttm.financial/m/news/2134655294?lang=&edition=fundamental","pubTime":"2021-05-11 17:40","market":"hk","language":"en","title":"Investor appetite for stocks falls from 'extremely elevated levels' -- how much demand is left to keep pushing equities higher?","url":"https://stock-news.laohu8.com/highlight/detail?id=2134655294","media":"Dow Jones","summary":"Household allocations to equities are 'just under the all-time high seen in early 2000 at the peak o","content":"<p>Household allocations to equities are 'just under the all-time high seen in early 2000 at the peak of the equity bubble,' say Deutsche Bank strategists.</p>\n<p>Investor appetite for equities has diminished from \"extremely elevated levels\" over the last two weeks, prompting questions about how much demand may still be left to push stocks higher, according to strategists at Deutsche Bank.</p>\n<p>Equity fund inflows have slowed since surging from November through mid-March, amid concerns that momentum in the economic recovery has peaked, Deutsche strategists said in a research report on Friday. Flows into stock funds have fallen well below the $68 billion a week seen at the height of the surge, they said, though equities still have attracted a \"robust\" $17 billion a week over the past month.</p>\n<p>Household and pension fund positioning in stocks are near record levels following the strong stock-market rally over the past year, with household allocations \"just under the all-time high seen in early 2000 at the peak of the equity bubble,\" the strategists noted. Meanwhile, some drivers of the stock market appear constrained or diminished, their analysis of \"incremental potential demand\" shows.</p>\n<p>\"As earnings recover, corporate buybacks should rise to a new record but are unlikely to provide a meaningful boost to equities,\" partly due to the increase in stock prices, the strategists said. In another example, they said \"systematic strategies have limited room to add to their equity allocation while any loss of equity momentum will see them start to sell.\"</p>\n<p>Individual investors, meanwhile, have been retreating from the stock market by some measures, according to the strategists' research. Take call option buying, a bullish strategy where investors purchase an option to buy assets at an agreed price by a particular date.</p>\n<p>\"Retail driven call buying in single stocks had been a powerful driver of equities over the last year,\" they said. \"Call volumes began sliding in late January, and have continued to do so.\"</p>\n<p>Meanwhile, piles of cash are sitting on the sidelines , offering <a href=\"https://laohu8.com/S/AONE\">one</a> source of potential fuel.</p>\n<p>Cash in money-market funds rose by more than $1 trillion during the shock of the pandemic last year -- and \"has yet to be unwound,\" according to the Deutsche note. But while money-market funds assets stand at an historically high level of around $4.5 trillion, those assets are near all-time lows when viewed as a proportion of equity market value, the report shows.</p>\n<p>Esty Dwek, global market strategist at Natixis Investment Managers, expects that cash will find its way into the stock market, which she says can keep pushing higher against a backdrop of economic growth, fiscal support that is \"here to stay,\" and an accommodative Federal Reserve.</p>\n<p>\"Equities is still the place to be,\" she said in a phone interview Monday. \"We've been in a rebound from a very big crisis; we're coming back to normal and the environment is still positive.\"</p>\n<p>Even if the economy is \"not necessarily improving as much,\" Dwek expects it will probably keep strengthening \"for a number of months.\" For example, earnings are set to rebound \"very strongly,\" she said.</p>\n<p>But the biggest part of the stock-market rally may be behind us after major U.S. benchmarks rose to a series of new highs this year.</p>\n<p>\"The equity market is fully valued\" when viewed at the index level, said Matt Peron, director of research at Janus Henderson, in a phone interview Monday. The Dow Jones Industrial Average index closed Monday down 0.1%, while the S&amp;P 500 fell 1% and the Nasdaq Composite slid about 2.6%.</p>\n<p>Still, looking \"under the covers,\" stocks have room to run on the reflation trade, Peron said. That means stocks in sectors such as industrials, materials, energy and financial services may still benefit from the economic reopening, even as major U.S. stock indexes struggle to grind higher from their peaks, he explained.</p>\n<p>\"We're not done with the growth impulse that we've had from the reopening from fiscal and monetary policy,\" said Peron. \"It'll continue to propel economic growth.\"</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>Investor appetite for stocks falls from 'extremely elevated levels' -- how much demand is left to keep pushing equities higher?</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\">\nInvestor appetite for stocks falls from 'extremely elevated levels' -- how much demand is left to keep pushing equities higher?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-11 17:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Household allocations to equities are 'just under the all-time high seen in early 2000 at the peak of the equity bubble,' say Deutsche Bank strategists.</p>\n<p>Investor appetite for equities has diminished from \"extremely elevated levels\" over the last two weeks, prompting questions about how much demand may still be left to push stocks higher, according to strategists at Deutsche Bank.</p>\n<p>Equity fund inflows have slowed since surging from November through mid-March, amid concerns that momentum in the economic recovery has peaked, Deutsche strategists said in a research report on Friday. Flows into stock funds have fallen well below the $68 billion a week seen at the height of the surge, they said, though equities still have attracted a \"robust\" $17 billion a week over the past month.</p>\n<p>Household and pension fund positioning in stocks are near record levels following the strong stock-market rally over the past year, with household allocations \"just under the all-time high seen in early 2000 at the peak of the equity bubble,\" the strategists noted. Meanwhile, some drivers of the stock market appear constrained or diminished, their analysis of \"incremental potential demand\" shows.</p>\n<p>\"As earnings recover, corporate buybacks should rise to a new record but are unlikely to provide a meaningful boost to equities,\" partly due to the increase in stock prices, the strategists said. In another example, they said \"systematic strategies have limited room to add to their equity allocation while any loss of equity momentum will see them start to sell.\"</p>\n<p>Individual investors, meanwhile, have been retreating from the stock market by some measures, according to the strategists' research. Take call option buying, a bullish strategy where investors purchase an option to buy assets at an agreed price by a particular date.</p>\n<p>\"Retail driven call buying in single stocks had been a powerful driver of equities over the last year,\" they said. \"Call volumes began sliding in late January, and have continued to do so.\"</p>\n<p>Meanwhile, piles of cash are sitting on the sidelines , offering <a href=\"https://laohu8.com/S/AONE\">one</a> source of potential fuel.</p>\n<p>Cash in money-market funds rose by more than $1 trillion during the shock of the pandemic last year -- and \"has yet to be unwound,\" according to the Deutsche note. But while money-market funds assets stand at an historically high level of around $4.5 trillion, those assets are near all-time lows when viewed as a proportion of equity market value, the report shows.</p>\n<p>Esty Dwek, global market strategist at Natixis Investment Managers, expects that cash will find its way into the stock market, which she says can keep pushing higher against a backdrop of economic growth, fiscal support that is \"here to stay,\" and an accommodative Federal Reserve.</p>\n<p>\"Equities is still the place to be,\" she said in a phone interview Monday. \"We've been in a rebound from a very big crisis; we're coming back to normal and the environment is still positive.\"</p>\n<p>Even if the economy is \"not necessarily improving as much,\" Dwek expects it will probably keep strengthening \"for a number of months.\" For example, earnings are set to rebound \"very strongly,\" she said.</p>\n<p>But the biggest part of the stock-market rally may be behind us after major U.S. benchmarks rose to a series of new highs this year.</p>\n<p>\"The equity market is fully valued\" when viewed at the index level, said Matt Peron, director of research at Janus Henderson, in a phone interview Monday. The Dow Jones Industrial Average index closed Monday down 0.1%, while the S&amp;P 500 fell 1% and the Nasdaq Composite slid about 2.6%.</p>\n<p>Still, looking \"under the covers,\" stocks have room to run on the reflation trade, Peron said. That means stocks in sectors such as industrials, materials, energy and financial services may still benefit from the economic reopening, even as major U.S. stock indexes struggle to grind higher from their peaks, he explained.</p>\n<p>\"We're not done with the growth impulse that we've had from the reopening from fiscal and monetary policy,\" said Peron. \"It'll continue to propel economic growth.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134655294","content_text":"Household allocations to equities are 'just under the all-time high seen in early 2000 at the peak of the equity bubble,' say Deutsche Bank strategists.\nInvestor appetite for equities has diminished from \"extremely elevated levels\" over the last two weeks, prompting questions about how much demand may still be left to push stocks higher, according to strategists at Deutsche Bank.\nEquity fund inflows have slowed since surging from November through mid-March, amid concerns that momentum in the economic recovery has peaked, Deutsche strategists said in a research report on Friday. Flows into stock funds have fallen well below the $68 billion a week seen at the height of the surge, they said, though equities still have attracted a \"robust\" $17 billion a week over the past month.\nHousehold and pension fund positioning in stocks are near record levels following the strong stock-market rally over the past year, with household allocations \"just under the all-time high seen in early 2000 at the peak of the equity bubble,\" the strategists noted. Meanwhile, some drivers of the stock market appear constrained or diminished, their analysis of \"incremental potential demand\" shows.\n\"As earnings recover, corporate buybacks should rise to a new record but are unlikely to provide a meaningful boost to equities,\" partly due to the increase in stock prices, the strategists said. In another example, they said \"systematic strategies have limited room to add to their equity allocation while any loss of equity momentum will see them start to sell.\"\nIndividual investors, meanwhile, have been retreating from the stock market by some measures, according to the strategists' research. Take call option buying, a bullish strategy where investors purchase an option to buy assets at an agreed price by a particular date.\n\"Retail driven call buying in single stocks had been a powerful driver of equities over the last year,\" they said. \"Call volumes began sliding in late January, and have continued to do so.\"\nMeanwhile, piles of cash are sitting on the sidelines , offering one source of potential fuel.\nCash in money-market funds rose by more than $1 trillion during the shock of the pandemic last year -- and \"has yet to be unwound,\" according to the Deutsche note. But while money-market funds assets stand at an historically high level of around $4.5 trillion, those assets are near all-time lows when viewed as a proportion of equity market value, the report shows.\nEsty Dwek, global market strategist at Natixis Investment Managers, expects that cash will find its way into the stock market, which she says can keep pushing higher against a backdrop of economic growth, fiscal support that is \"here to stay,\" and an accommodative Federal Reserve.\n\"Equities is still the place to be,\" she said in a phone interview Monday. \"We've been in a rebound from a very big crisis; we're coming back to normal and the environment is still positive.\"\nEven if the economy is \"not necessarily improving as much,\" Dwek expects it will probably keep strengthening \"for a number of months.\" For example, earnings are set to rebound \"very strongly,\" she said.\nBut the biggest part of the stock-market rally may be behind us after major U.S. benchmarks rose to a series of new highs this year.\n\"The equity market is fully valued\" when viewed at the index level, said Matt Peron, director of research at Janus Henderson, in a phone interview Monday. The Dow Jones Industrial Average index closed Monday down 0.1%, while the S&P 500 fell 1% and the Nasdaq Composite slid about 2.6%.\nStill, looking \"under the covers,\" stocks have room to run on the reflation trade, Peron said. That means stocks in sectors such as industrials, materials, energy and financial services may still benefit from the economic reopening, even as major U.S. stock indexes struggle to grind higher from their peaks, he explained.\n\"We're not done with the growth impulse that we've had from the reopening from fiscal and monetary policy,\" said Peron. \"It'll continue to propel economic growth.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896540335,"gmtCreate":1628596625427,"gmtModify":1676529790931,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896540335","repostId":"2158476510","repostType":4,"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132678895,"gmtCreate":1622088441617,"gmtModify":1704179241380,"author":{"id":"3555543339613385","authorId":"3555543339613385","authorIdStr":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555543339613385"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132678895","repostId":"1172748286","repostType":4,"repost":{"id":"1172748286","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1622082811,"share":"https://ttm.financial/m/news/1172748286?lang=&edition=fundamental","pubTime":"2021-05-27 10:33","market":"us","language":"en","title":"Signs Crop Up That Apple Is Exploring Cryptocurrency: What You Need To Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1172748286","media":"Benzinga","summary":"Apple Inc (NASDAQ:AAPL)  is on the hunt for a business development manager with experience in \"crypt","content":"<p><b>Apple Inc</b>&nbsp;(NASDAQ:AAPL)&nbsp; is on the hunt for a business development manager with experience in \"cryptocurrency\"&nbsp;to lead alternative payments partnerships, as per a job posting on its website.</p><p><b>What Happened:</b>&nbsp;“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” Apple wrote in the listing. The iPhone maker called for candidates with \"5+ years experience working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency.\"</p><p>The vacancy listed Wednesday mentions duties such as “forming partnership framework and commercial models, defining implementation paradigms, identifying key players and managing relationships with strategic alternative payment partners.”</p><p>The person Apple is looking to hire for its Cupertino, California headquarters would be responsible for “end to end business development,” which involves negotiating and closing commercial agreements.</p><p><b>Why It Matters:</b>&nbsp;Apple has yet to accept cryptocurrencies as a form of payment and has tight control over payments.</p><p>The Tim Cook-led tech giant is currently embroiled in a legal dispute with “Fortnite” maker Epic Games overin-app payments.</p><p>In February, an analyst at RBC said that if the iPhone maker were to develop itsApple Wallet into a cryptocurrency exchangeit would have a sizable new market opportunity in the billions.</p><p>The analyst pointed to&nbsp;<b>Square Inc</b>(NYSE:SQ) and&nbsp;<b>Paypal Holdings Inc</b>(NASDAQ:PYPL) along with&nbsp;<b>Coinbase Global Inc</b>(NASDAQ:COIN) which have validated the business model.</p><p><b>Price Action:</b>&nbsp;On Wednesday, Apple shares closed mostly unchanged at $126.85 and fell 0.12% in the after-hours session.<b>Bitcoin</b>(BTC) traded 0.96% lower at $38,332.92 at press time.</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>Signs Crop Up That Apple Is Exploring Cryptocurrency: What You Need To Know</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\">\nSigns Crop Up That Apple Is Exploring Cryptocurrency: What You Need To Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-27 10:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Apple Inc</b>&nbsp;(NASDAQ:AAPL)&nbsp; is on the hunt for a business development manager with experience in \"cryptocurrency\"&nbsp;to lead alternative payments partnerships, as per a job posting on its website.</p><p><b>What Happened:</b>&nbsp;“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” Apple wrote in the listing. The iPhone maker called for candidates with \"5+ years experience working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency.\"</p><p>The vacancy listed Wednesday mentions duties such as “forming partnership framework and commercial models, defining implementation paradigms, identifying key players and managing relationships with strategic alternative payment partners.”</p><p>The person Apple is looking to hire for its Cupertino, California headquarters would be responsible for “end to end business development,” which involves negotiating and closing commercial agreements.</p><p><b>Why It Matters:</b>&nbsp;Apple has yet to accept cryptocurrencies as a form of payment and has tight control over payments.</p><p>The Tim Cook-led tech giant is currently embroiled in a legal dispute with “Fortnite” maker Epic Games overin-app payments.</p><p>In February, an analyst at RBC said that if the iPhone maker were to develop itsApple Wallet into a cryptocurrency exchangeit would have a sizable new market opportunity in the billions.</p><p>The analyst pointed to&nbsp;<b>Square Inc</b>(NYSE:SQ) and&nbsp;<b>Paypal Holdings Inc</b>(NASDAQ:PYPL) along with&nbsp;<b>Coinbase Global Inc</b>(NASDAQ:COIN) which have validated the business model.</p><p><b>Price Action:</b>&nbsp;On Wednesday, Apple shares closed mostly unchanged at $126.85 and fell 0.12% in the after-hours session.<b>Bitcoin</b>(BTC) traded 0.96% lower at $38,332.92 at press time.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172748286","content_text":"Apple Inc (NASDAQ:AAPL)  is on the hunt for a business development manager with experience in \"cryptocurrency\" to lead alternative payments partnerships, as per a job posting on its website.What Happened: “The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” Apple wrote in the listing. The iPhone maker called for candidates with \"5+ years experience working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency.\"The vacancy listed Wednesday mentions duties such as “forming partnership framework and commercial models, defining implementation paradigms, identifying key players and managing relationships with strategic alternative payment partners.”The person Apple is looking to hire for its Cupertino, California headquarters would be responsible for “end to end business development,” which involves negotiating and closing commercial agreements.Why It Matters: Apple has yet to accept cryptocurrencies as a form of payment and has tight control over payments.The Tim Cook-led tech giant is currently embroiled in a legal dispute with “Fortnite” maker Epic Games overin-app payments.In February, an analyst at RBC said that if the iPhone maker were to develop itsApple Wallet into a cryptocurrency exchangeit would have a sizable new market opportunity in the billions.The analyst pointed to Square Inc(NYSE:SQ) and Paypal Holdings Inc(NASDAQ:PYPL) along with Coinbase Global Inc(NASDAQ:COIN) which have validated the business model.Price Action: On Wednesday, Apple shares closed mostly unchanged at $126.85 and fell 0.12% in the after-hours session.Bitcoin(BTC) traded 0.96% lower at $38,332.92 at press time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}