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2023-11-07

Enjoying the game and having fun

2023-03-11

$SVB Financial Group(SIVB)$ is this the catalyst that start a bigger financial crisis? There will be more anxiety coming as the quarter comes to a close.

2023-03-03

Filling chapter 11?

Silvergate Capital Tumbled Nearly 40% in Morning Trading After Delaying Its Annual Report and Warning About Viability

2023-02-16

From experience, one will end getting odd numbers of shares when one takes up drop instead of the dividend. Trading is always to the advantage of the broker, because wide spread, low volume, and bad fill

Sorry, the original content has been removed

2023-01-27

$SASSEUR REIT(CRPU.SI)$

2023-01-26

$SASSEUR REIT(CRPU.SI)$

2022-12-28

$SASSEUR REIT(CRPU.SI)$ buy

2022-12-15

No direct route for Santa Claus to the GO line to deliver his Xmas rally..hohoho

Wall Street Ends Lower After Latest Fed Rate Hike

2022-12-08

Let's go players

2022-12-04

Let's go

2022-11-28

Bbq

Crypto Stocks Dropped in Premarket Trading

2022-11-26

2022-11-23

2022-11-21

Just Ponzi on steroids

The FTX Scandal Ripped Crypto Apart. What Comes Next

2022-11-19

A bigger scheme devouring the smaller scheme... Nothing to see here

Sorry, the original content has been removed

2022-11-19

$Coinbase Global, Inc.(COIN)$

2022-11-19

$Coinbase Global, Inc.(COIN)$ With the demise and mistrust created by ftx, the least resistance for this industry and this counter is more downside.

2022-11-13

The former CEO needs to serve jail time for fraudulent transactions he was withdrawing from clients tokens to fund his speculations. If not, then crypto is just no diff but another laundering scam

A $32 Billion Crypto Empire Has Crashed. The Fallout Is Spreading Far Beyond Crypto

2022-11-09

When human capital becomes portfolios like being actively re-balanced or managed

Sorry, the original content has been removed

2022-11-04

Lehman 2.0?

Credit Suisse Warns of Potential Profitability Drop

Go to Tiger App to see more news

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There will be more anxiety coming as the quarter comes to a close.","listText":"<a href=\"https://ttm.financial/S/SIVB\">$SVB Financial Group(SIVB)$ &nbsp;</a>is this the catalyst that start a bigger financial crisis? There will be more anxiety coming as the quarter comes to a close.","text":"$SVB Financial Group(SIVB)$ is this the catalyst that start a bigger financial crisis? There will be more anxiety coming as the quarter comes to a close.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949886248","isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940888187,"gmtCreate":1677810766849,"gmtModify":1677810770697,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"Filling chapter 11?","listText":"Filling chapter 11?","text":"Filling chapter 11?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940888187","repostId":"1196026792","repostType":4,"repost":{"id":"1196026792","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1677769888,"share":"https://ttm.financial/m/news/1196026792?lang=&edition=fundamental","pubTime":"2023-03-02 23:11","market":"us","language":"en","title":"Silvergate Capital Tumbled Nearly 40% in Morning Trading After Delaying Its Annual Report and Warning About Viability","url":"https://stock-news.laohu8.com/highlight/detail?id=1196026792","media":"Tiger Newspress","summary":"Silvergate Capital tumbled nearly 40% in morning trading after delaying its annual report and warnin","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a> tumbled nearly 40% in morning trading after delaying its annual report and warning about viability.<img src=\"https://static.tigerbbs.com/fda973eca92703b7e7d818a0959bcc46\" tg-width=\"657\" tg-height=\"526\" width=\"100%\" height=\"auto\"/></p><p>The company said it sold additional debt securities in January and February and that it expects further losses related to impaired securities, adding it could be less than well-capitalized, and it does not expect to file its report by an extension date of March 16.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Trading is always to the advantage of the broker, because wide spread, low volume, and bad fill","listText":"From experience, one will end getting odd numbers of shares when one takes up drop instead of the dividend. Trading is always to the advantage of the broker, because wide spread, low volume, and bad fill","text":"From experience, one will end getting odd numbers of shares when one takes up drop instead of the dividend. Trading is always to the advantage of the broker, because wide spread, low volume, and bad fill","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9954408958","repostId":"1111298195","repostType":4,"isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952583079,"gmtCreate":1674811891291,"gmtModify":1676538960285,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CRPU.SI\">$SASSEUR REIT(CRPU.SI)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/CRPU.SI\">$SASSEUR REIT(CRPU.SI)$ &nbsp;</a>","text":"$SASSEUR REIT(CRPU.SI)$","images":[{"img":"https://community-static.tradeup.com/news/327243d27e8603518228dc523a742583","width":"1080","height":"2182"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9952583079","isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9952655939,"gmtCreate":1674705148521,"gmtModify":1676538954119,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CRPU.SI\">$SASSEUR REIT(CRPU.SI)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/CRPU.SI\">$SASSEUR REIT(CRPU.SI)$ &nbsp;</a>","text":"$SASSEUR REIT(CRPU.SI)$","images":[{"img":"https://community-static.tradeup.com/news/a6df9da2ce65807fac0f02ba6c731372","width":"1080","height":"2111"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952655939","isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9924124524,"gmtCreate":1672201860469,"gmtModify":1676538651851,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CRPU.SI\">$SASSEUR REIT(CRPU.SI)$ &nbsp;</a>buy","listText":"<a href=\"https://ttm.financial/S/CRPU.SI\">$SASSEUR REIT(CRPU.SI)$ &nbsp;</a>buy","text":"$SASSEUR REIT(CRPU.SI)$ buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924124524","isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9921645955,"gmtCreate":1671061025578,"gmtModify":1676538482416,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"No direct route for Santa Claus to the GO line to deliver his Xmas rally..hohoho","listText":"No direct route for Santa Claus to the GO line to deliver his Xmas rally..hohoho","text":"No direct route for Santa Claus to the GO line to deliver his Xmas rally..hohoho","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9921645955","repostId":"2291844850","repostType":4,"repost":{"id":"2291844850","kind":"highlight","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":1671058684,"share":"https://ttm.financial/m/news/2291844850?lang=&edition=fundamental","pubTime":"2022-12-15 06:58","market":"us","language":"en","title":"Wall Street Ends Lower After Latest Fed Rate Hike","url":"https://stock-news.laohu8.com/highlight/detail?id=2291844850","media":"Reuters","summary":"* Fed raises interest rates by 50 basis points* Summary of economic projections sees higher policy r","content":"<html><head></head><body><p>* Fed raises interest rates by 50 basis points</p><p>* Summary of economic projections sees higher policy rate</p><p>* Tesla falls after Goldman cuts price target</p><p>* Dow down 0.42%, S&amp;P 500 down 0.61%, Nasdaq down 0.76%</p><p><img src=\"https://static.tigerbbs.com/605a67e74e73b0af686fc3093f27837c\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, Dec 14 (Reuters) - U.S. stocks closed lower in volatile trading on Wednesday following a policy announcement by the Federal Reserve that raised interest rates by an expected 50 basis points, but its economic projections see higher rates for a longer period.</p><p>The central bank raised interest rates by half a percentage point on Wednesday and projected at least an additional 75 basis points of increases in borrowing costs by the end of 2023, as well as a rise in unemployment and a near-stalling of economic growth.</p><p>The Fed&#39;s latest quarterly summary of economic projections shows U.S. central bankers see the policy rate - now in the 4.25%-to-4.5% range - at 5.1% by the end of next year, according to the median estimate of all 19 Fed policymakers, up from the 4.6% view at the end of September.</p><p>In comments after the statement, Fed Chair Jerome Powell said it was too soon to talk about cutting rates as the focus is on making the central bank&#39;s policy stance restrictive enough to push inflation down to its 2% goal.</p><p>Economic data on Tuesday, which showed cooling consumer inflation for November, had heightened expectations a move by the Fed to halt rate hikes might be on the horizon next year.</p><p>“They may be using these sort of very aggressive dot plot forecasts to take any steam out of the easing that has gone on in the last couple of months,&#34; said Rhys Williams, chief strategist at Spouting Rock Asset Management in Bryn Mawr, Pennsylvania, said of Feb policymakers.</p><p>&#34;Conditions have eased, and that is their way of jawboning they are not going to let any easing really happen until they see unemployment go up.&#34;</p><p>The Dow Jones Industrial Average fell 142.29 points, or 0.42%, to 33,966.35, the S&amp;P 500 lost 24.33 points, or 0.61%, to 3,995.32 and the Nasdaq Composite dropped 85.93 points, or 0.76%, to 11,170.89.</p><p>Nearly all of the 11 major S&amp;P sectors ended the session in negative territory, with healthcare the sole advancer. Financials, down 1.29%, were the worst performing sector.</p><p>Despite the Fed statement, U.S. Treasury yields were slightly lower after initially jumping in the wake of the announcement.</p><p>The strategy of aggressive interest rate increases by major central banks around the world this year has increased worries the global economy could be pushed into a recession and weighed heavily on riskier assets such as equities this year.</p><p>Each of the three major averages on Wall Street are on track for their first yearly decline since 2018, and their biggest yearly percentage decline since the financial crisis of 2008.</p><p>Tesla Inc slipped 2.58% after a Goldman Sachs analyst trimmed the price target for the electric-vehicle maker&#39;s stock.</p><p>Charter Communications Inc tumbled 16.38% as brokerages cut their price targets following the telecom services firm&#39;s mega-spending plans for a higher-speed internet upgrade.</p><p>Volume on U.S. exchanges was 12.15 billion shares, compared with the 10.55 billion-share average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.39-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted eight new 52-week highs and two new lows; the Nasdaq Composite recorded 82 new highs and 223 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Ends Lower After Latest Fed Rate Hike</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 Ends Lower After Latest Fed Rate Hike\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\">2022-12-15 06:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Fed raises interest rates by 50 basis points</p><p>* Summary of economic projections sees higher policy rate</p><p>* Tesla falls after Goldman cuts price target</p><p>* Dow down 0.42%, S&amp;P 500 down 0.61%, Nasdaq down 0.76%</p><p><img src=\"https://static.tigerbbs.com/605a67e74e73b0af686fc3093f27837c\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, Dec 14 (Reuters) - U.S. stocks closed lower in volatile trading on Wednesday following a policy announcement by the Federal Reserve that raised interest rates by an expected 50 basis points, but its economic projections see higher rates for a longer period.</p><p>The central bank raised interest rates by half a percentage point on Wednesday and projected at least an additional 75 basis points of increases in borrowing costs by the end of 2023, as well as a rise in unemployment and a near-stalling of economic growth.</p><p>The Fed&#39;s latest quarterly summary of economic projections shows U.S. central bankers see the policy rate - now in the 4.25%-to-4.5% range - at 5.1% by the end of next year, according to the median estimate of all 19 Fed policymakers, up from the 4.6% view at the end of September.</p><p>In comments after the statement, Fed Chair Jerome Powell said it was too soon to talk about cutting rates as the focus is on making the central bank&#39;s policy stance restrictive enough to push inflation down to its 2% goal.</p><p>Economic data on Tuesday, which showed cooling consumer inflation for November, had heightened expectations a move by the Fed to halt rate hikes might be on the horizon next year.</p><p>“They may be using these sort of very aggressive dot plot forecasts to take any steam out of the easing that has gone on in the last couple of months,&#34; said Rhys Williams, chief strategist at Spouting Rock Asset Management in Bryn Mawr, Pennsylvania, said of Feb policymakers.</p><p>&#34;Conditions have eased, and that is their way of jawboning they are not going to let any easing really happen until they see unemployment go up.&#34;</p><p>The Dow Jones Industrial Average fell 142.29 points, or 0.42%, to 33,966.35, the S&amp;P 500 lost 24.33 points, or 0.61%, to 3,995.32 and the Nasdaq Composite dropped 85.93 points, or 0.76%, to 11,170.89.</p><p>Nearly all of the 11 major S&amp;P sectors ended the session in negative territory, with healthcare the sole advancer. Financials, down 1.29%, were the worst performing sector.</p><p>Despite the Fed statement, U.S. Treasury yields were slightly lower after initially jumping in the wake of the announcement.</p><p>The strategy of aggressive interest rate increases by major central banks around the world this year has increased worries the global economy could be pushed into a recession and weighed heavily on riskier assets such as equities this year.</p><p>Each of the three major averages on Wall Street are on track for their first yearly decline since 2018, and their biggest yearly percentage decline since the financial crisis of 2008.</p><p>Tesla Inc slipped 2.58% after a Goldman Sachs analyst trimmed the price target for the electric-vehicle maker&#39;s stock.</p><p>Charter Communications Inc tumbled 16.38% as brokerages cut their price targets following the telecom services firm&#39;s mega-spending plans for a higher-speed internet upgrade.</p><p>Volume on U.S. exchanges was 12.15 billion shares, compared with the 10.55 billion-share average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.39-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted eight new 52-week highs and two new lows; the Nasdaq Composite recorded 82 new highs and 223 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4127":"投资银行业与经纪业","BK4559":"巴菲特持仓","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念",".DJI":"道琼斯","BK4079":"房地产服务","BK4581":"高盛持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓","BK4539":"次新股","BK4504":"桥水持仓",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","BK4552":"Archegos爆仓风波概念","TSLA":"特斯拉","COMP":"Compass, Inc.","CHTR":"特许通讯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2291844850","content_text":"* Fed raises interest rates by 50 basis points* Summary of economic projections sees higher policy rate* Tesla falls after Goldman cuts price target* Dow down 0.42%, S&P 500 down 0.61%, Nasdaq down 0.76%NEW YORK, Dec 14 (Reuters) - U.S. stocks closed lower in volatile trading on Wednesday following a policy announcement by the Federal Reserve that raised interest rates by an expected 50 basis points, but its economic projections see higher rates for a longer period.The central bank raised interest rates by half a percentage point on Wednesday and projected at least an additional 75 basis points of increases in borrowing costs by the end of 2023, as well as a rise in unemployment and a near-stalling of economic growth.The Fed's latest quarterly summary of economic projections shows U.S. central bankers see the policy rate - now in the 4.25%-to-4.5% range - at 5.1% by the end of next year, according to the median estimate of all 19 Fed policymakers, up from the 4.6% view at the end of September.In comments after the statement, Fed Chair Jerome Powell said it was too soon to talk about cutting rates as the focus is on making the central bank's policy stance restrictive enough to push inflation down to its 2% goal.Economic data on Tuesday, which showed cooling consumer inflation for November, had heightened expectations a move by the Fed to halt rate hikes might be on the horizon next year.“They may be using these sort of very aggressive dot plot forecasts to take any steam out of the easing that has gone on in the last couple of months,\" said Rhys Williams, chief strategist at Spouting Rock Asset Management in Bryn Mawr, Pennsylvania, said of Feb policymakers.\"Conditions have eased, and that is their way of jawboning they are not going to let any easing really happen until they see unemployment go up.\"The Dow Jones Industrial Average fell 142.29 points, or 0.42%, to 33,966.35, the S&P 500 lost 24.33 points, or 0.61%, to 3,995.32 and the Nasdaq Composite dropped 85.93 points, or 0.76%, to 11,170.89.Nearly all of the 11 major S&P sectors ended the session in negative territory, with healthcare the sole advancer. Financials, down 1.29%, were the worst performing sector.Despite the Fed statement, U.S. Treasury yields were slightly lower after initially jumping in the wake of the announcement.The strategy of aggressive interest rate increases by major central banks around the world this year has increased worries the global economy could be pushed into a recession and weighed heavily on riskier assets such as equities this year.Each of the three major averages on Wall Street are on track for their first yearly decline since 2018, and their biggest yearly percentage decline since the financial crisis of 2008.Tesla Inc slipped 2.58% after a Goldman Sachs analyst trimmed the price target for the electric-vehicle maker's stock.Charter Communications Inc tumbled 16.38% as brokerages cut their price targets following the telecom services firm's mega-spending plans for a higher-speed internet upgrade.Volume on U.S. exchanges was 12.15 billion shares, compared with the 10.55 billion-share average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 1.39-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored decliners.The S&P 500 posted eight new 52-week highs and two new lows; the Nasdaq Composite recorded 82 new highs and 223 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920250001,"gmtCreate":1670508679304,"gmtModify":1676538382259,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"Let's go players","listText":"Let's go players","text":"Let's go players","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920250001","isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964680833,"gmtCreate":1670132006222,"gmtModify":1676538308423,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"Let's go","listText":"Let's go","text":"Let's go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9964680833","isVote":1,"tweetType":1,"viewCount":591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966717992,"gmtCreate":1669644596416,"gmtModify":1676538217826,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"Bbq","listText":"Bbq","text":"Bbq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966717992","repostId":"1176063743","repostType":4,"repost":{"id":"1176063743","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1669627722,"share":"https://ttm.financial/m/news/1176063743?lang=&edition=fundamental","pubTime":"2022-11-28 17:28","market":"us","language":"en","title":"Crypto Stocks Dropped in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1176063743","media":"Tiger Newspress","summary":"Mizuho analyst Dan Dolev said he believes that crypto may be done after the recent woes for now bankrupt crypto exchange FTX.","content":"<html><head></head><body><p>Crypto stocks dropped in premarket trading.</p><p>Marathon Digital, Riot Blockchain and Block fell over 2%; Coinbase slid 1.87%.<img src=\"https://static.tigerbbs.com/25acc16e032152940d5bdbf71fc7daed\" tg-width=\"443\" tg-height=\"286\" width=\"100%\" height=\"auto\"/></p><p></p><p>Mizuho analyst Dan Dolev said he believes that crypto may be done after the recent woes for now bankrupt crypto exchange FTX.</p><p>&#34;I think crypto is dead and I think that investing in Coinbase (NASDAQ:COIN) isjust a waste of time,&#34; Dolev said in a Friday interview with CNBC.</p><p>&#34;What FTX taught you is that one day you could be worth the world and the second day you could be worth nothing and I think consumers are going to be very very scared,&#34; Dolev said.</p><p>He said that any market share gains that Coinbase (COIN) may see due to the demise of FTX are &#34;very minimal&#39;&#39; in the greater scheme of things.</p><p>&#34;I wouldn&#39;t get over excited about them because the overall volumes are comin&#34;&#34;down,&#34; Dolev said. &#34;They are making like $600 million in revenue and $1.2 billion in losses. It&#39;s a very bad business right now.&#34;</p><p>Dolev&#39;s comment are similar to Barclays analyst Benjamin Budish, who on Tuesday wrote that he expected Coinbase&#39;s revenue to see &#34;minimal potential upside&#34; from the implosion of rival FTX.</p><p>Earlier this month famed short seller Jim Chanos said Coinbase has a business model problem -- it doesn&#39;t work.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Stocks Dropped in Premarket Trading</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\">\nCrypto Stocks Dropped in Premarket Trading\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\">2022-11-28 17:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Crypto stocks dropped in premarket trading.</p><p>Marathon Digital, Riot Blockchain and Block fell over 2%; Coinbase slid 1.87%.<img src=\"https://static.tigerbbs.com/25acc16e032152940d5bdbf71fc7daed\" tg-width=\"443\" tg-height=\"286\" width=\"100%\" height=\"auto\"/></p><p></p><p>Mizuho analyst Dan Dolev said he believes that crypto may be done after the recent woes for now bankrupt crypto exchange FTX.</p><p>&#34;I think crypto is dead and I think that investing in Coinbase (NASDAQ:COIN) isjust a waste of time,&#34; Dolev said in a Friday interview with CNBC.</p><p>&#34;What FTX taught you is that one day you could be worth the world and the second day you could be worth nothing and I think consumers are going to be very very scared,&#34; Dolev said.</p><p>He said that any market share gains that Coinbase (COIN) may see due to the demise of FTX are &#34;very minimal&#39;&#39; in the greater scheme of things.</p><p>&#34;I wouldn&#39;t get over excited about them because the overall volumes are comin&#34;&#34;down,&#34; Dolev said. &#34;They are making like $600 million in revenue and $1.2 billion in losses. It&#39;s a very bad business right now.&#34;</p><p>Dolev&#39;s comment are similar to Barclays analyst Benjamin Budish, who on Tuesday wrote that he expected Coinbase&#39;s revenue to see &#34;minimal potential upside&#34; from the implosion of rival FTX.</p><p>Earlier this month famed short seller Jim Chanos said Coinbase has a business model problem -- it doesn&#39;t work.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176063743","content_text":"Crypto stocks dropped in premarket trading.Marathon Digital, Riot Blockchain and Block fell over 2%; Coinbase slid 1.87%.Mizuho analyst Dan Dolev said he believes that crypto may be done after the recent woes for now bankrupt crypto exchange FTX.\"I think crypto is dead and I think that investing in Coinbase (NASDAQ:COIN) isjust a waste of time,\" Dolev said in a Friday interview with CNBC.\"What FTX taught you is that one day you could be worth the world and the second day you could be worth nothing and I think consumers are going to be very very scared,\" Dolev said.He said that any market share gains that Coinbase (COIN) may see due to the demise of FTX are \"very minimal'' in the greater scheme of things.\"I wouldn't get over excited about them because the overall volumes are comin\"\"down,\" Dolev said. \"They are making like $600 million in revenue and $1.2 billion in losses. It's a very bad business right now.\"Dolev's comment are similar to Barclays analyst Benjamin Budish, who on Tuesday wrote that he expected Coinbase's revenue to see \"minimal potential upside\" from the implosion of rival FTX.Earlier this month famed short seller Jim Chanos said Coinbase has a business model problem -- it doesn't work.","news_type":1},"isVote":1,"tweetType":1,"viewCount":609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966808393,"gmtCreate":1669469188913,"gmtModify":1676538199687,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Apple(AAPL)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966808393","isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9968624121,"gmtCreate":1669215847564,"gmtModify":1676538168570,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Apple(AAPL)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9968624121","isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961429806,"gmtCreate":1669026915605,"gmtModify":1676538141496,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"Just Ponzi on steroids&nbsp;","listText":"Just Ponzi on steroids&nbsp;","text":"Just Ponzi on steroids","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961429806","repostId":"1168786172","repostType":4,"repost":{"id":"1168786172","kind":"news","pubTimestamp":1669017857,"share":"https://ttm.financial/m/news/1168786172?lang=&edition=fundamental","pubTime":"2022-11-21 16:04","market":"fut","language":"en","title":"The FTX Scandal Ripped Crypto Apart. What Comes Next","url":"https://stock-news.laohu8.com/highlight/detail?id=1168786172","media":"Barron's","summary":"The biggest scandal in crypto involves celebrities, sports stars, Caribbean intrigue, and a corporat","content":"<html><head></head><body><p>The biggest scandal in crypto involves celebrities, sports stars, Caribbean intrigue, and a corporate mystery: How, exactly, did a company valued at $32 billion go bankrupt almost overnight? In hindsight, Sam Bankman-Fried’s FTX empire displayed legions of red flags. But its fall has been striking, even to veterans of the largest blowups in corporate history.</p><p>“Never in my career have I seen such a complete failure of corporate controls,” said John J. Ray, the new CEO of FTX, in a bankruptcy court filing. That’s quite a comment coming from the lawyer who cleaned up Enron’s bankruptcy two decades ago.</p><p>FTX has spilled blood in the streets. But far more is likely to come, and this is no time to play bargain hunter. Yes, Bitcoin and other tokens have lost more than 20%. And stocks like Coinbase Global (ticker: COIN), Silvergate Capital (SI), and Grayscale Bitcoin Trust (GBTC) have been slammed. More than $200 billion has been wiped off token market value since FTX started cracking in early November.</p><p>But nothing about this crisis indicates that it will end soon. Damage to the crypto ecosystem’s credibility is unquantifiable. And more fallout is likely as other trading platforms reveal exposures to FTX and related entities, potentially pushing down token prices, crypto-related stocks, and companies even more.</p><p>Government investigations of FTX are just starting, and lawsuits are piling up. One is already targeting celebrities like Tom Brady, Larry David, and Stephen Curry for promoting FTX on its website and in a Super Bowl ad.</p><p>“We knew crypto had a highly unstable value, and now we know the platforms for trading and storing them are unreliable,” says Cornell University economist Eswar Prasad, a leading digital-asset expert. “Even the basic requirement that assets can be kept securely is not met by crypto.”</p><p>In Washington, calls for comprehensive crypto rules are intensifying, including a plea this past week from Treasury Secretary Janet Yellen; she said it’s “vital” to address the industry’s risks, protect consumers, and promote financial stability. “The dominoes aren’t done falling,” says Matt Hougan, chief investment officer of Bitwise Asset Management, a crypto index fund provider. “Contagion risk will keep people out of the market, and I don’t know what other shoe will drop.”</p><p>One might draw two conclusions. The first is that crypto has sealed its own coffin as an asset class—proving beyond a reasonable doubt that it’s the “mother of all scams,” in the words of New York University economist Nouriel Roubini.</p><p>The other possible conclusion is that crypto is simply proving itself irrelevant. A decade into its development, the technology has yet to make serious inroads into mainstream financial markets or commerce. The latest fiasco hasn’t dented broader financial markets. The S&amp;P 500 index is up 3.7% since FTX fell apart. Spreads in yields between corporate bonds and Treasuries—another sign of stress—haven’t blown out like they did during the 2008-09 financial crisis.</p><p>Hougan, for one, calls both conclusions silly. “One exchange engaging in bad activity doesn’t mean the end of crypto, blockchain technologies, or programmable money,” he says. Bitwise hasn’t seen meaningful outflows from its institutional clients, he adds, partly because they still believe in the technology and are willing to wait for this crisis to blow over.</p><p>Others in the industry say there will be a silver lining: Regulation will finally kick in, preventing other blowups. “One of the bad outcomes that could come here is conflating clear examples of human misconduct with the technology,” says Dante Disparte, chief strategy officer of Circle, the company backing the $44 billionUSDC stablecoin. “It’s precisely because of something like this that we need to regulate the industry.”</p><p>In short, crypto probably won’t die, but it won’t be the same in a post-FTX world. More than ever, it needs government supervision, audited financial statements, consumer protections, and transparency to survive and advance. Turning crypto into a regulated medium of exchange goes against the original libertarian ethos of Bitcoin—designed to avoid the strictures of government and corporate control. The industry may have little choice, however, if it wants to survive.</p><h2>The Collapse of a $32 Billion Empire and Its Aftermath</h2><p>This past week brought a flurry of revelations about potential malfeasance at Bahamas-based FTX. Corporate funds were used to buy homes in the Bahamas and other personal items for employees, Ray’s filing said, with no documentation of the transactions as loans. Expenses were filed in online chats, approved with personalized emojis.</p><p>FTX didn’t keep appropriate books and records, Ray noted, and its unacceptable practices included the use of software “to conceal the misuse of customer funds.”</p><p>How much money has been lost isn’t known. Ray noted an unauthorized transfer of $372 million of crypto and said someone had minted $300 million in unapproved tokens, diluting their value. The balance sheet has a hole of $8 billion to $10 billion, including $1 billion to $2 billion in customer assets that have gone missing, according to Reuters and other media reports. Bankman-Fried received a $1 billion loan from Alameda Research, his trading company, Ray said.</p><p>More than a million customers, creditors, and investors in FTX and related entities are now trying to recoup funds. But even the jurisdiction of FTX’s remaining assets is in dispute. The Bahamas Securities Commission said on Thursday that it had directed the transfer of all FTX Digital Markets’ assets to a wallet it controls “for safekeeping,” a sign that jurisdictional battles over the bankruptcy could delay customer recoveries even further.</p><p>Neither an FTX representative nor Bankman-Fried responded to requests for comment. Bankman-Fried has continued posting on Twitter, apologizing, explaining, and making sometimes bizarre comments. He “continues to make erratic and misleading public statements,” Ray said, citing a Twitter chat with a reporter where Bankman-Fried said, “F____ regulators they make everything worse.”</p><p>Other crypto players are struggling to contain the fallout. High-yield lender BlockFi, itself the recipient of a bailout by Bankman-Fried, has frozen customer deposits. Genesis Global Capital, a large lender, stopped withdrawals, leading Gemini Trust, an exchange founded by the Winklevoss twins, with ties to Genesis, to do the same with its yield-paying accounts.</p><p>“Genesis has been exploring all possible options and has been having positive conversations with potential investors,” a spokesperson said in a statement to<i>Barron’s</i>.</p><p>Another casualty has been Grayscale Bitcoin Trust, the largest publicly traded Bitcoin fund with $10.5 billion worth of the token. The trust’s publicly traded security, GBTC, fell to a 40% discount to its underlying Bitcoin assets this past week. ARK Invest CEO Cathie Wood saw that as a bargain, buying more than 300,000 shares of GBTC for her ARK Next Generation Internet exchange-traded fund (ARKW). But GBTC’s discount reflects skepticism that Bitcoin isn’t done falling, and the discount could widen further due to forced-selling as more crypto entities come under pressure.</p><p>Other exchanges are racing to reassure customers. Coinbase says it doesn’t take actions with customer assets without their permission. Crypto.com says it fully backs customer assets with reserves. Binance CEO Changpeng Zhao has tried to reassure customers of his exchange, the world’s largest by volume, while calling for other exchanges to publish “proof of reserves.”</p><p>For now, the token market appears to be taking all of this in stride. Bitcoin’s price has dropped about 20%, and Ether’s price has fallen 24%. That’s not remarkable in the volatile token market, says The Wharton School of the University of Pennsylvania’s professor Kevin Werbach, who called for more crypto regulations in a Senate hearing last February, alongside Bankman-Fried. “If I told you to look at the trading chart of most cryptocurrencies and asked you to identify the period right after the most spectacular failure in the history of the space, you’d probably not pick this out,” Werbach says.</p><h2>Crypto Comes Crawling to D.C.</h2><p>As bulls see it, FTX’s failure will prompt Washington to pass comprehensive rules. Indeed, the best outcome may be crypto versions of Sarbanes-Oxley and Dodd-Frank—the sweeping rule changes for Wall Street that came after Enron’s collapse in 2002 and the 2008-09 financial crisis. Those rules included criminal liability for executives intentionally misstating accounting, new capital buffer requirements for banks, and far more consumer protections.</p><p>U.S. policy makers are now redoubling efforts in crypto. In December, a House panel plans to hold a hearing on FTX. Next year, Congress is likely to consider bills that would require exchanges and brokerages to register with the Commodity Futures Trading Commission and/or the Securities and Exchange Commission. Regulators will also be under pressure to ensure that the FTX model of co-mingling customer assets with proprietary trading entities never happens again. That separation of assets is now a bedrock of equity broker/dealers and exchanges, but it’s often absent in crypto.</p><p>Without guardrails, deep-pocketed investors like family offices and sovereign-wealth funds will stay away, says Monsur Hussain, global head of research for financial institutions at Fitch Ratings. “Some funds and family offices have liquidated at least part of their holdings until they see the dust settle,” he says.</p><p>The White House also wants rules for stablecoins, which are used extensively for crypto banking and trading. Circle and other stablecoin companies have lobbied hard for rules. But the market itself has been shrinking, falling by $25 billion since peaking last May at $186 billion. “It would be difficult here to imagine a sustained recovery in crypto prices without the shrinkage of the stablecoin universe stopping,” wrote analysts at J.P. Morgan in a note.</p><p>If there are winners in the fiasco, it may be companies that are already extensively regulated. Andrei Kazantsev, global head of crypto trading for Goldman Sachs, said at a conference that he’d seen a “flight to quality” from institutions seeking safe counterparties, instead of using unregulated exchanges and trading platforms.</p><p>Yet Coinbase, a beneficiary of that flight to safety, faces new headwinds.Bank of America downgraded the stock to Neutral on Friday, citing “diminished confidence in the crypto ecosystem,” especially among the exchange’s core retail customer base. BofA also sees revenue risk to Coinbase if there’s “sustained further deterioration” in crypto asset prices, such as Bitcoin going to $10,000 from its recent $16,600.</p><p>“How far does this go? As much I keep hoping things will get better, things keep getting worse,” says D.A. Davidson analyst Chris Brendler, who maintained a Buy on Coinbase.</p><p>Some advisors say there’s no rush to get into crypto. “There’s nothing wrong with putting this in the ‘too hard’ pile,” says Meb Faber, CEO of Cambria Investment Management.</p><p>FTX now appears likely to join Enron, Lehman, and Madoff in the pantheon of corporate failures. But the chaos it’s creating in crypto is no reason to buy the dip. “I don’t think this is a value opportunity,” says Deutsche Bank strategist Marion Laboure.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The FTX Scandal Ripped Crypto Apart. What Comes Next</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\">\nThe FTX Scandal Ripped Crypto Apart. What Comes Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-21 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/ftx-collapse-crypto-bitcoin-51668807605?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The biggest scandal in crypto involves celebrities, sports stars, Caribbean intrigue, and a corporate mystery: How, exactly, did a company valued at $32 billion go bankrupt almost overnight? In ...</p>\n\n<a href=\"https://www.barrons.com/articles/ftx-collapse-crypto-bitcoin-51668807605?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.barrons.com/articles/ftx-collapse-crypto-bitcoin-51668807605?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168786172","content_text":"The biggest scandal in crypto involves celebrities, sports stars, Caribbean intrigue, and a corporate mystery: How, exactly, did a company valued at $32 billion go bankrupt almost overnight? In hindsight, Sam Bankman-Fried’s FTX empire displayed legions of red flags. But its fall has been striking, even to veterans of the largest blowups in corporate history.“Never in my career have I seen such a complete failure of corporate controls,” said John J. Ray, the new CEO of FTX, in a bankruptcy court filing. That’s quite a comment coming from the lawyer who cleaned up Enron’s bankruptcy two decades ago.FTX has spilled blood in the streets. But far more is likely to come, and this is no time to play bargain hunter. Yes, Bitcoin and other tokens have lost more than 20%. And stocks like Coinbase Global (ticker: COIN), Silvergate Capital (SI), and Grayscale Bitcoin Trust (GBTC) have been slammed. More than $200 billion has been wiped off token market value since FTX started cracking in early November.But nothing about this crisis indicates that it will end soon. Damage to the crypto ecosystem’s credibility is unquantifiable. And more fallout is likely as other trading platforms reveal exposures to FTX and related entities, potentially pushing down token prices, crypto-related stocks, and companies even more.Government investigations of FTX are just starting, and lawsuits are piling up. One is already targeting celebrities like Tom Brady, Larry David, and Stephen Curry for promoting FTX on its website and in a Super Bowl ad.“We knew crypto had a highly unstable value, and now we know the platforms for trading and storing them are unreliable,” says Cornell University economist Eswar Prasad, a leading digital-asset expert. “Even the basic requirement that assets can be kept securely is not met by crypto.”In Washington, calls for comprehensive crypto rules are intensifying, including a plea this past week from Treasury Secretary Janet Yellen; she said it’s “vital” to address the industry’s risks, protect consumers, and promote financial stability. “The dominoes aren’t done falling,” says Matt Hougan, chief investment officer of Bitwise Asset Management, a crypto index fund provider. “Contagion risk will keep people out of the market, and I don’t know what other shoe will drop.”One might draw two conclusions. The first is that crypto has sealed its own coffin as an asset class—proving beyond a reasonable doubt that it’s the “mother of all scams,” in the words of New York University economist Nouriel Roubini.The other possible conclusion is that crypto is simply proving itself irrelevant. A decade into its development, the technology has yet to make serious inroads into mainstream financial markets or commerce. The latest fiasco hasn’t dented broader financial markets. The S&P 500 index is up 3.7% since FTX fell apart. Spreads in yields between corporate bonds and Treasuries—another sign of stress—haven’t blown out like they did during the 2008-09 financial crisis.Hougan, for one, calls both conclusions silly. “One exchange engaging in bad activity doesn’t mean the end of crypto, blockchain technologies, or programmable money,” he says. Bitwise hasn’t seen meaningful outflows from its institutional clients, he adds, partly because they still believe in the technology and are willing to wait for this crisis to blow over.Others in the industry say there will be a silver lining: Regulation will finally kick in, preventing other blowups. “One of the bad outcomes that could come here is conflating clear examples of human misconduct with the technology,” says Dante Disparte, chief strategy officer of Circle, the company backing the $44 billionUSDC stablecoin. “It’s precisely because of something like this that we need to regulate the industry.”In short, crypto probably won’t die, but it won’t be the same in a post-FTX world. More than ever, it needs government supervision, audited financial statements, consumer protections, and transparency to survive and advance. Turning crypto into a regulated medium of exchange goes against the original libertarian ethos of Bitcoin—designed to avoid the strictures of government and corporate control. The industry may have little choice, however, if it wants to survive.The Collapse of a $32 Billion Empire and Its AftermathThis past week brought a flurry of revelations about potential malfeasance at Bahamas-based FTX. Corporate funds were used to buy homes in the Bahamas and other personal items for employees, Ray’s filing said, with no documentation of the transactions as loans. Expenses were filed in online chats, approved with personalized emojis.FTX didn’t keep appropriate books and records, Ray noted, and its unacceptable practices included the use of software “to conceal the misuse of customer funds.”How much money has been lost isn’t known. Ray noted an unauthorized transfer of $372 million of crypto and said someone had minted $300 million in unapproved tokens, diluting their value. The balance sheet has a hole of $8 billion to $10 billion, including $1 billion to $2 billion in customer assets that have gone missing, according to Reuters and other media reports. Bankman-Fried received a $1 billion loan from Alameda Research, his trading company, Ray said.More than a million customers, creditors, and investors in FTX and related entities are now trying to recoup funds. But even the jurisdiction of FTX’s remaining assets is in dispute. The Bahamas Securities Commission said on Thursday that it had directed the transfer of all FTX Digital Markets’ assets to a wallet it controls “for safekeeping,” a sign that jurisdictional battles over the bankruptcy could delay customer recoveries even further.Neither an FTX representative nor Bankman-Fried responded to requests for comment. Bankman-Fried has continued posting on Twitter, apologizing, explaining, and making sometimes bizarre comments. He “continues to make erratic and misleading public statements,” Ray said, citing a Twitter chat with a reporter where Bankman-Fried said, “F____ regulators they make everything worse.”Other crypto players are struggling to contain the fallout. High-yield lender BlockFi, itself the recipient of a bailout by Bankman-Fried, has frozen customer deposits. Genesis Global Capital, a large lender, stopped withdrawals, leading Gemini Trust, an exchange founded by the Winklevoss twins, with ties to Genesis, to do the same with its yield-paying accounts.“Genesis has been exploring all possible options and has been having positive conversations with potential investors,” a spokesperson said in a statement toBarron’s.Another casualty has been Grayscale Bitcoin Trust, the largest publicly traded Bitcoin fund with $10.5 billion worth of the token. The trust’s publicly traded security, GBTC, fell to a 40% discount to its underlying Bitcoin assets this past week. ARK Invest CEO Cathie Wood saw that as a bargain, buying more than 300,000 shares of GBTC for her ARK Next Generation Internet exchange-traded fund (ARKW). But GBTC’s discount reflects skepticism that Bitcoin isn’t done falling, and the discount could widen further due to forced-selling as more crypto entities come under pressure.Other exchanges are racing to reassure customers. Coinbase says it doesn’t take actions with customer assets without their permission. Crypto.com says it fully backs customer assets with reserves. Binance CEO Changpeng Zhao has tried to reassure customers of his exchange, the world’s largest by volume, while calling for other exchanges to publish “proof of reserves.”For now, the token market appears to be taking all of this in stride. Bitcoin’s price has dropped about 20%, and Ether’s price has fallen 24%. That’s not remarkable in the volatile token market, says The Wharton School of the University of Pennsylvania’s professor Kevin Werbach, who called for more crypto regulations in a Senate hearing last February, alongside Bankman-Fried. “If I told you to look at the trading chart of most cryptocurrencies and asked you to identify the period right after the most spectacular failure in the history of the space, you’d probably not pick this out,” Werbach says.Crypto Comes Crawling to D.C.As bulls see it, FTX’s failure will prompt Washington to pass comprehensive rules. Indeed, the best outcome may be crypto versions of Sarbanes-Oxley and Dodd-Frank—the sweeping rule changes for Wall Street that came after Enron’s collapse in 2002 and the 2008-09 financial crisis. Those rules included criminal liability for executives intentionally misstating accounting, new capital buffer requirements for banks, and far more consumer protections.U.S. policy makers are now redoubling efforts in crypto. In December, a House panel plans to hold a hearing on FTX. Next year, Congress is likely to consider bills that would require exchanges and brokerages to register with the Commodity Futures Trading Commission and/or the Securities and Exchange Commission. Regulators will also be under pressure to ensure that the FTX model of co-mingling customer assets with proprietary trading entities never happens again. That separation of assets is now a bedrock of equity broker/dealers and exchanges, but it’s often absent in crypto.Without guardrails, deep-pocketed investors like family offices and sovereign-wealth funds will stay away, says Monsur Hussain, global head of research for financial institutions at Fitch Ratings. “Some funds and family offices have liquidated at least part of their holdings until they see the dust settle,” he says.The White House also wants rules for stablecoins, which are used extensively for crypto banking and trading. Circle and other stablecoin companies have lobbied hard for rules. But the market itself has been shrinking, falling by $25 billion since peaking last May at $186 billion. “It would be difficult here to imagine a sustained recovery in crypto prices without the shrinkage of the stablecoin universe stopping,” wrote analysts at J.P. Morgan in a note.If there are winners in the fiasco, it may be companies that are already extensively regulated. Andrei Kazantsev, global head of crypto trading for Goldman Sachs, said at a conference that he’d seen a “flight to quality” from institutions seeking safe counterparties, instead of using unregulated exchanges and trading platforms.Yet Coinbase, a beneficiary of that flight to safety, faces new headwinds.Bank of America downgraded the stock to Neutral on Friday, citing “diminished confidence in the crypto ecosystem,” especially among the exchange’s core retail customer base. BofA also sees revenue risk to Coinbase if there’s “sustained further deterioration” in crypto asset prices, such as Bitcoin going to $10,000 from its recent $16,600.“How far does this go? As much I keep hoping things will get better, things keep getting worse,” says D.A. Davidson analyst Chris Brendler, who maintained a Buy on Coinbase.Some advisors say there’s no rush to get into crypto. “There’s nothing wrong with putting this in the ‘too hard’ pile,” says Meb Faber, CEO of Cambria Investment Management.FTX now appears likely to join Enron, Lehman, and Madoff in the pantheon of corporate failures. But the chaos it’s creating in crypto is no reason to buy the dip. “I don’t think this is a value opportunity,” says Deutsche Bank strategist Marion Laboure.","news_type":1},"isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961353618,"gmtCreate":1668849806635,"gmtModify":1676538121671,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"A bigger scheme devouring the smaller scheme... Nothing to see here","listText":"A bigger scheme devouring the smaller scheme... Nothing to see here","text":"A bigger scheme devouring the smaller scheme... Nothing to see here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961353618","repostId":"1177646844","repostType":4,"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961060651,"gmtCreate":1668788488273,"gmtModify":1676538114382,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a><v-v data-views=\"0\"></v-v>","text":"$Coinbase Global, Inc.(COIN)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961060651","isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961060160,"gmtCreate":1668788424951,"gmtModify":1676538114369,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a> With the demise and mistrust created by&nbsp;ftx, the least resistance for this industry and this counter is more downside.","listText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a> With the demise and mistrust created by&nbsp;ftx, the least resistance for this industry and this counter is more downside.","text":"$Coinbase Global, Inc.(COIN)$ With the demise and mistrust created by ftx, the least resistance for this industry and this counter is more downside.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961060160","isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969071885,"gmtCreate":1668306970548,"gmtModify":1676538039404,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"The former CEO needs to serve jail time for fraudulent transactions he was withdrawing from clients tokens to fund his speculations. If not, then crypto is just no diff but another laundering scam","listText":"The former CEO needs to serve jail time for fraudulent transactions he was withdrawing from clients tokens to fund his speculations. If not, then crypto is just no diff but another laundering scam","text":"The former CEO needs to serve jail time for fraudulent transactions he was withdrawing from clients tokens to fund his speculations. If not, then crypto is just no diff but another laundering scam","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969071885","repostId":"1137748454","repostType":4,"repost":{"id":"1137748454","kind":"news","pubTimestamp":1668216439,"share":"https://ttm.financial/m/news/1137748454?lang=&edition=fundamental","pubTime":"2022-11-12 09:27","market":"us","language":"en","title":"A $32 Billion Crypto Empire Has Crashed. The Fallout Is Spreading Far Beyond Crypto","url":"https://stock-news.laohu8.com/highlight/detail?id=1137748454","media":"Barron's","summary":"How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, a","content":"<html><head></head><body><p>How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, and leave a trail of destruction from Wall Street to Silicon Valley?</p><p>In crypto, about a week.</p><p>The debacle unfolded in real time on Twitter as the crypto empire run by Sam Bankman-Fried collapsed. FTX Group, his conglomerate of 130 entities—including the FTX exchange and Alameda Research, a market maker and trading firm—filed for U.S. bankruptcy protection on Friday.</p><p>Bankman-Fried resigned as CEO from the group, issuing a mea culpa on Twitter. “I’m really sorry, again, that we ended up here,” he said in a stream of tweets. “I’m piecing together all of the details, but I was shocked to see things unravel the way they did earlier this week,” he added.</p><p>Bankman-Fried wasn’t the only one expressing shock. FTX, the world’s second largest crypto exchange, collapsed over a few chaotic days, brought down by a liquidity crisis as customers lost confidence in the exchange. Essentially, it was an old-fashioned run on the bank, with no federal regulator or private entity willing to prop up FTX, unwind the operations, or contain the fallout.</p><p>The collateral damage is likely to be vast. FTX and Alameda played central roles in crypto trading, market making, lending, and bailouts of other firms. FTX had attracted investment from prominent venture-capital firms, pension funds, and hedge funds. Some of them invested in FTX at a valuation of $32 billion just a few months ago. They are now marking down their investments to zero.</p><p>The unraveling has already knocked more than $125 billion in market cap off Bitcoin and other tokens. FTX has frozen customer accounts. Its U.S. entity, FTX US, had said it would probably halt trading within days, though its website was still operational on Friday, including a pitch to “join some of the world’s biggest names who trust FTX,” showing photos of Tom Brady and Stephen Curry.</p><p>Other entities that have paused withdrawals include BlockFi, a crypto lender that FTX bailed out last summer. More entities and counterparties with exposure to FTX are likely to be revealed as the bankruptcy proceedings get rolling.</p><p>Regulators are now under far more pressure to ramp up supervision of an industry that has so far thrived on opacity and a lack of clear rules. “I hope some of these firms take note and actually work with us and get registered, or we’ll certainly be doing what we need to do, being a cop on the beat,” said Securities and Exchange Commission Chair Gary Gensler at a conference on Wednesday.</p><p>It’s unclear how crypto will clean up its latest mess. Indeed, what little credibility crypto had is being tested anew, raising questions about whether the whole edifice will simply crumble under its own weight.</p><p>“Those who were skeptical about crypto will become even more skeptical. They’re not wrong to feel that way,” says Ric Edelman, head of the Digital Assets Council of Financial Professionals.</p><p>Before his empire fell apart, Bankman-Fried had been viewed as a kind of crypto philosopher king. A 30-year-old Californian, educated at Massachusetts Institute of Technology, he built FTX and Alameda into the very fabric of crypto infrastructure, playing a leading role in derivatives, trading, and market-making activity.</p><p><img src=\"https://static.tigerbbs.com/c380e6b530fb0a8f21ae5df380dcfabf\" tg-width=\"939\" tg-height=\"639\" width=\"100%\" height=\"auto\"/></p><p>As FTX and its related entities grew into a multibillion-dollar empire, Bankman-Fried parlayed his wealth and prominence widely. He spent millions on sports, including naming rights to the Miami Heat’s National Basketball Association arena and sponsorship of Formula 1 racing cars. He also promised to donate most of his fortune to charities. And he became a fixture on Capitol Hill, arguing for regulation and donating to political campaigns in a bid to bring crypto into the mainstream.</p><p>Bankman-Fried also built a reputation as a crypto white knight—a banker of last resort. BlockFi and Voyager Digitalboth got bailouts or lines of credit, though Voyager didn’t survive. Bankman-Fried also invested in other crypto platforms, including Robinhood Markets (ticker: HOOD), owning a 7.5% stake in the company worth $570 million at recent prices.</p><p>The collapse of FTX could prove costly, well beyond crypto. FTX’s venture-capital investors included big names like Sequoia Capital, Tiger Global Management, and the Ontario Teachers’ Pension Plan. Sequoia now says that its investment is worth zero.</p><p>Analysts expect more companies to reveal exposures and losses. “There could be other cascading failures that could emerge,” says Lucas Nuzzi, head of research and development at Coin Metrics, a research firm working on a report that may identify additional counterparties to FTX and Alameda.</p><p>One immediate impact, of course, is sheer fear of crypto. Potential investors in start-ups are now more likely to shy away, says Antonio Juliano, CEO of dYdX, one of the largest decentralized-finance, or DeFi, exchanges. “This will decrease interest in crypto for the short to medium term,” he says.</p><p>There may also be a chill on crypto demand as investors question whether their tokens, custodied through brokerages and exchanges, will be accessible in the event of a bankruptcy. FTX used customer assets for trading at Alameda without their knowledge, according to media reports. When Alameda couldn’t meet its obligations, it spilled over to FTX’s customer base.</p><p>Equity brokerages and exchanges regulated by the SEC would never be allowed to use customer assets in that way. Those lines are largely absent in crypto, however. U.S. exchange are licensed by states as money-transfer businesses. And there is no regulatory body supervising operations of global exchanges like Bahamas-based FTX.</p><p>Coinbase Global (COIN), the largest U.S.-based exchange, said this past week that “there can’t be a run on the bank” at the firm and that it lends customer assets only with approval.</p><p>Nonetheless, the collapse of FTX underscores the market’s concentration in a handful of companies. And it reveals how even two of the big players can shake the foundations.</p><p>FTX’s demise started when CoinDesk reported that Alameda’s balance sheet consisted partly of a token called FTT, which is used for trading and commissions on the FTX exchange. Days later, Changpeng Zhao, the leader of Binance—the world’s largest crypto exchange—said he planned to unload more than $500 million worth of FTT that his firm had acquired.</p><p>With that, the run on FTX began. On Sunday, FTX saw $5 billion in customer withdrawals. Bankman-Fried then sought emerging funding to cover shortfalls, estimated at $8 billion. On Tuesday, Binance appeared to be a savior, signing a letter of intent to buy FTX. The next day, Binance pulled out, saying that “the issues are beyond our control or ability to help.”</p><p>Bankman-Fried has said that he thought it likely that Zhao never intended to buy FTX. “Well played; you won,” he said on Twitter, in an apparent allusion to Zhao taking out a rival.</p><p>FTX did not respond to a request for comment. Binance declined to comment.</p><p>The regulatory fallout is just starting. Democrats in Congress are calling for hearings, and the White House has weighed in. “The most recent news...highlights why prudent regulation of cryptocurrencies is indeed needed,” press secretary Karine Jean-Pierre told reporters.</p><p>U.S. enforcement agencies are now expanding inquiries. If the SEC alleges that FTX broke securities laws, it could create liability for the entire industry. “That’s what can really shake the industry,” says Tyler Gellasch, a former SEC senior counsel.</p><p>Representatives for the SEC and the Commodity Futures Trading Commission declined to comment.</p><p>Even if FTX’s troubles seem remote, the damage is likely to keep affecting tokens, brokerages like Coinbase and Robinhood, and the many banks, lenders, and tech companies trying to build crypto businesses.</p><p>“FTX and SBF were these megawatt stars in crypto and had garnered a lot of trust, not just among institutional investors but also among regulators,” says Morningstar’s Madeline Hume, referring to Bankman-Fried. “The risk of contagion has never been higher.”</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A $32 Billion Crypto Empire Has Crashed. The Fallout Is Spreading Far Beyond Crypto</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\">\nA $32 Billion Crypto Empire Has Crashed. The Fallout Is Spreading Far Beyond Crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-12 09:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/ftx-binance-sam-bankman-fried-crypto-bitcoin-solana-price-crash-51668135110><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, and leave a trail of destruction from Wall Street to Silicon Valley?In crypto, about a week.The ...</p>\n\n<a href=\"https://www.barrons.com/articles/ftx-binance-sam-bankman-fried-crypto-bitcoin-solana-price-crash-51668135110\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.barrons.com/articles/ftx-binance-sam-bankman-fried-crypto-bitcoin-solana-price-crash-51668135110","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137748454","content_text":"How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, and leave a trail of destruction from Wall Street to Silicon Valley?In crypto, about a week.The debacle unfolded in real time on Twitter as the crypto empire run by Sam Bankman-Fried collapsed. FTX Group, his conglomerate of 130 entities—including the FTX exchange and Alameda Research, a market maker and trading firm—filed for U.S. bankruptcy protection on Friday.Bankman-Fried resigned as CEO from the group, issuing a mea culpa on Twitter. “I’m really sorry, again, that we ended up here,” he said in a stream of tweets. “I’m piecing together all of the details, but I was shocked to see things unravel the way they did earlier this week,” he added.Bankman-Fried wasn’t the only one expressing shock. FTX, the world’s second largest crypto exchange, collapsed over a few chaotic days, brought down by a liquidity crisis as customers lost confidence in the exchange. Essentially, it was an old-fashioned run on the bank, with no federal regulator or private entity willing to prop up FTX, unwind the operations, or contain the fallout.The collateral damage is likely to be vast. FTX and Alameda played central roles in crypto trading, market making, lending, and bailouts of other firms. FTX had attracted investment from prominent venture-capital firms, pension funds, and hedge funds. Some of them invested in FTX at a valuation of $32 billion just a few months ago. They are now marking down their investments to zero.The unraveling has already knocked more than $125 billion in market cap off Bitcoin and other tokens. FTX has frozen customer accounts. Its U.S. entity, FTX US, had said it would probably halt trading within days, though its website was still operational on Friday, including a pitch to “join some of the world’s biggest names who trust FTX,” showing photos of Tom Brady and Stephen Curry.Other entities that have paused withdrawals include BlockFi, a crypto lender that FTX bailed out last summer. More entities and counterparties with exposure to FTX are likely to be revealed as the bankruptcy proceedings get rolling.Regulators are now under far more pressure to ramp up supervision of an industry that has so far thrived on opacity and a lack of clear rules. “I hope some of these firms take note and actually work with us and get registered, or we’ll certainly be doing what we need to do, being a cop on the beat,” said Securities and Exchange Commission Chair Gary Gensler at a conference on Wednesday.It’s unclear how crypto will clean up its latest mess. Indeed, what little credibility crypto had is being tested anew, raising questions about whether the whole edifice will simply crumble under its own weight.“Those who were skeptical about crypto will become even more skeptical. They’re not wrong to feel that way,” says Ric Edelman, head of the Digital Assets Council of Financial Professionals.Before his empire fell apart, Bankman-Fried had been viewed as a kind of crypto philosopher king. A 30-year-old Californian, educated at Massachusetts Institute of Technology, he built FTX and Alameda into the very fabric of crypto infrastructure, playing a leading role in derivatives, trading, and market-making activity.As FTX and its related entities grew into a multibillion-dollar empire, Bankman-Fried parlayed his wealth and prominence widely. He spent millions on sports, including naming rights to the Miami Heat’s National Basketball Association arena and sponsorship of Formula 1 racing cars. He also promised to donate most of his fortune to charities. And he became a fixture on Capitol Hill, arguing for regulation and donating to political campaigns in a bid to bring crypto into the mainstream.Bankman-Fried also built a reputation as a crypto white knight—a banker of last resort. BlockFi and Voyager Digitalboth got bailouts or lines of credit, though Voyager didn’t survive. Bankman-Fried also invested in other crypto platforms, including Robinhood Markets (ticker: HOOD), owning a 7.5% stake in the company worth $570 million at recent prices.The collapse of FTX could prove costly, well beyond crypto. FTX’s venture-capital investors included big names like Sequoia Capital, Tiger Global Management, and the Ontario Teachers’ Pension Plan. Sequoia now says that its investment is worth zero.Analysts expect more companies to reveal exposures and losses. “There could be other cascading failures that could emerge,” says Lucas Nuzzi, head of research and development at Coin Metrics, a research firm working on a report that may identify additional counterparties to FTX and Alameda.One immediate impact, of course, is sheer fear of crypto. Potential investors in start-ups are now more likely to shy away, says Antonio Juliano, CEO of dYdX, one of the largest decentralized-finance, or DeFi, exchanges. “This will decrease interest in crypto for the short to medium term,” he says.There may also be a chill on crypto demand as investors question whether their tokens, custodied through brokerages and exchanges, will be accessible in the event of a bankruptcy. FTX used customer assets for trading at Alameda without their knowledge, according to media reports. When Alameda couldn’t meet its obligations, it spilled over to FTX’s customer base.Equity brokerages and exchanges regulated by the SEC would never be allowed to use customer assets in that way. Those lines are largely absent in crypto, however. U.S. exchange are licensed by states as money-transfer businesses. And there is no regulatory body supervising operations of global exchanges like Bahamas-based FTX.Coinbase Global (COIN), the largest U.S.-based exchange, said this past week that “there can’t be a run on the bank” at the firm and that it lends customer assets only with approval.Nonetheless, the collapse of FTX underscores the market’s concentration in a handful of companies. And it reveals how even two of the big players can shake the foundations.FTX’s demise started when CoinDesk reported that Alameda’s balance sheet consisted partly of a token called FTT, which is used for trading and commissions on the FTX exchange. Days later, Changpeng Zhao, the leader of Binance—the world’s largest crypto exchange—said he planned to unload more than $500 million worth of FTT that his firm had acquired.With that, the run on FTX began. On Sunday, FTX saw $5 billion in customer withdrawals. Bankman-Fried then sought emerging funding to cover shortfalls, estimated at $8 billion. On Tuesday, Binance appeared to be a savior, signing a letter of intent to buy FTX. The next day, Binance pulled out, saying that “the issues are beyond our control or ability to help.”Bankman-Fried has said that he thought it likely that Zhao never intended to buy FTX. “Well played; you won,” he said on Twitter, in an apparent allusion to Zhao taking out a rival.FTX did not respond to a request for comment. Binance declined to comment.The regulatory fallout is just starting. Democrats in Congress are calling for hearings, and the White House has weighed in. “The most recent news...highlights why prudent regulation of cryptocurrencies is indeed needed,” press secretary Karine Jean-Pierre told reporters.U.S. enforcement agencies are now expanding inquiries. If the SEC alleges that FTX broke securities laws, it could create liability for the entire industry. “That’s what can really shake the industry,” says Tyler Gellasch, a former SEC senior counsel.Representatives for the SEC and the Commodity Futures Trading Commission declined to comment.Even if FTX’s troubles seem remote, the damage is likely to keep affecting tokens, brokerages like Coinbase and Robinhood, and the many banks, lenders, and tech companies trying to build crypto businesses.“FTX and SBF were these megawatt stars in crypto and had garnered a lot of trust, not just among institutional investors but also among regulators,” says Morningstar’s Madeline Hume, referring to Bankman-Fried. “The risk of contagion has never been higher.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987451381,"gmtCreate":1667970855644,"gmtModify":1676537992619,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"When human capital becomes portfolios like&nbsp;being actively re-balanced or managed","listText":"When human capital becomes portfolios like&nbsp;being actively re-balanced or managed","text":"When human capital becomes portfolios like being actively re-balanced or managed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987451381","repostId":"2282910619","repostType":4,"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984311386,"gmtCreate":1667532784846,"gmtModify":1676537933335,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"Lehman 2.0?","listText":"Lehman 2.0?","text":"Lehman 2.0?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9984311386","repostId":"2280059850","repostType":4,"repost":{"id":"2280059850","kind":"news","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":1667471853,"share":"https://ttm.financial/m/news/2280059850?lang=&edition=fundamental","pubTime":"2022-11-03 18:37","market":"us","language":"en","title":"Credit Suisse Warns of Potential Profitability Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=2280059850","media":"Reuters","summary":"ZURICH, Nov 3 (Reuters) - Credit Suisse profitability could be hit by a drop in asset management fee","content":"<html><head></head><body><p>ZURICH, Nov 3 (Reuters) - Credit Suisse profitability could be hit by a drop in asset management fees in the fourth quarter, the Swiss bank said in a financial report late on Wednesday.</p><p>Lower asset values because of adverse market movements in client portfolios in the third quarter could lead to decreased fee revenues for the group, thereby leading to reduced profitability, the bank said.</p><p>Along with its restructuring plan, Credit Suisse last month revealed that social media rumours had led to client asset outflows in the first two weeks of October that substantially exceeded third-quarter rates.</p><p>The bank said these outflows had since reduced, but not yet reversed, contributing to the decrease in assets under management.</p><p>Credit Suisse had already warned of a likely net loss in the fourth quarter, partly owing to costs associated with its planned strategic transformation including withdrawals from non-core businesses.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Credit Suisse Warns of Potential Profitability Drop</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\">\nCredit Suisse Warns of Potential Profitability Drop\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\">2022-11-03 18:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>ZURICH, Nov 3 (Reuters) - Credit Suisse profitability could be hit by a drop in asset management fees in the fourth quarter, the Swiss bank said in a financial report late on Wednesday.</p><p>Lower asset values because of adverse market movements in client portfolios in the third quarter could lead to decreased fee revenues for the group, thereby leading to reduced profitability, the bank said.</p><p>Along with its restructuring plan, Credit Suisse last month revealed that social media rumours had led to client asset outflows in the first two weeks of October that substantially exceeded third-quarter rates.</p><p>The bank said these outflows had since reduced, but not yet reversed, contributing to the decrease in assets under management.</p><p>Credit Suisse had already warned of a likely net loss in the fourth quarter, partly owing to costs associated with its planned strategic transformation including withdrawals from non-core businesses.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2280059850","content_text":"ZURICH, Nov 3 (Reuters) - Credit Suisse profitability could be hit by a drop in asset management fees in the fourth quarter, the Swiss bank said in a financial report late on Wednesday.Lower asset values because of adverse market movements in client portfolios in the third quarter could lead to decreased fee revenues for the group, thereby leading to reduced profitability, the bank said.Along with its restructuring plan, Credit Suisse last month revealed that social media rumours had led to client asset outflows in the first two weeks of October that substantially exceeded third-quarter rates.The bank said these outflows had since reduced, but not yet reversed, contributing to the decrease in assets under management.Credit Suisse had already warned of a likely net loss in the fourth quarter, partly owing to costs associated with its planned strategic transformation including withdrawals from non-core businesses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9989739436,"gmtCreate":1666079082725,"gmtModify":1676537702572,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"Facing consumer fatigue + stagflation environment","listText":"Facing consumer fatigue + stagflation environment","text":"Facing consumer fatigue + stagflation environment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9989739436","repostId":"2276136440","repostType":4,"repost":{"id":"2276136440","kind":"highlight","pubTimestamp":1666075758,"share":"https://ttm.financial/m/news/2276136440?lang=&edition=fundamental","pubTime":"2022-10-18 14:49","market":"us","language":"en","title":"3 Reasons to Buy Sea Limited Stock, and 3 Reasons to Sell","url":"https://stock-news.laohu8.com/highlight/detail?id=2276136440","media":"Motley Fool","summary":"Can this former high-flying tech stock grow back its wings?","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SE\">Sea Limited</a>&#39;s stock plummeted nearly 80% this year and surrendered all of its gains from the past two and half a years. The Singapore-based e-commerce, fintech, and gaming giant lost its luster as its top line growth cooled off and its losses widened. Rising interest rates exacerbated the pain by broadly crushing higher-growth tech stocks.</p><p>But even after that painful drawdown, Sea&#39;s stock still remains about 240% above its IPO price of $15 from five years ago. Let&#39;s review the three reasons to buy Sea&#39;s stock -- along with three reasons to sell it -- to see where it might be headed.</p><h2>First reason to buy: Shopee&#39;s growth potential</h2><p>Sea generated 59% of its revenues from Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, in its latest quarter. Shopee&#39;s revenue surged 160% in 2020, driven by a spike in online purchases during the pandemic, and grew 136% in 2021. In 2022, it revenue rose 64% year over year in the first quarter and 51% in the second quarter. Its growth is gradually cooling off, but it&#39;s still growing a lot faster than most other major e-commerce companies.</p><p>Shopee scaled back its overseas expansion over the past year, but its core Southeast Asian market still has plenty of room to grow. IDC Financial Insights expects the region&#39;s number of e-commerce users to rise from 222 million in 2020 to 411 million in 2025. Bain &amp; Company believes the GMV (gross merchandise volume, or the value of all goods sold) across the Southeast Asian e-commerce market will nearly double from $120 billion in 2021 to $234 billion in 2025. Those rosy forecasts suggest Shopee can easily generate high double-digit sales growth for the foreseeable future.</p><h2>Second reason to buy: SeaMoney&#39;s growth potential</h2><p>Sea generated another 9% of its revenue from its digital financial services (DFS) segment, which houses its SeaMoney digital wallet and other fintech services, in its latest quarter. It started disclosing the segment&#39;s revenues separately in 2021, when its revenue skyrocketed 711%.</p><p>Its DFS revenue rose 360% year over year in the first quarter of 2022, then grew another 214% in the second quarter. SeaMoney ended the second quarter with 52.7 million quarterly active users across all its services, which represented 53% growth from the previous year. That growth makes it a promising play on the expansion of Southeast Asia&#39;s digital wallet market, which IDC believes will grow from 154 million users in 2020 to 404 million users by 2025.</p><h2>Third reason to buy: Its valuation</h2><p>Sea&#39;s total revenue rose 101% in 2020 and 128% in 2021, and analysts expect its top line to grow at a CAGR (compound annual growth rate) of 24% from 2021 to 2024 -- which implies its annual revenue will nearly double.</p><p>Yet Sea&#39;s stock still trades at less than two times this year&#39;s sales, which makes it more comparable to a struggling brick-and-mortar retailer like <b>GameStop</b> instead of a high-growth e-commerce company. Therefore, it could easily double or triple from these levels if it finally impresses the market again.</p><h2>First reason to sell: Garena&#39;s slowdown</h2><p>Sea generated 31% of its revenue from the digital entertainment division, which houses its gaming unit Garena, in its latest quarter. Garena generates most of its growth from its battle royale game <i>Free Fire</i>, which was launched back in 2017.</p><p>Garena&#39;s bookings soared 80% in 2020 as more people played <i>Free Fire </i>throughout the pandemic, then increased 44% in 2021. But its bookings declined sharply in the first half of 2022 as those pandemic-induced headwinds faded away. The game was also abruptly banned in India, one of its fastest-growing markets, earlier this year.</p><h2>Second reason to sell: Its ongoing losses</h2><p>Garena&#39;s slowdown is troubling because it&#39;s the only one of Sea&#39;s three main businesses units that generates a positive adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization). Shopee is still racking up losses as it tries to attract shoppers with discounts and shipping subsidies, and it&#39;s also operating SeaMoney at a loss to lock in more users.</p><p>The bulls initially believed Sea could offset those losses with Garena&#39;s profits, but that thesis is quickly collapsing as <i>Free Fire&#39;s</i> growth stalls out. That&#39;s why analysts expect Sea to remain unprofitable for the foreseeable future.</p><h2>Third reason to sell: Rising interest rates</h2><p>Sea&#39;s lack of profits will make it an unappealing investment as long as interest rates continue to rise. It was still sitting on $6.5 billion in cash and equivalents at the end of the second quarter, thanks to a big debt and stock sale last year, but it could struggle to raise more funds at favorable rates in this challenging market.</p><h2>Do its strengths outweigh its weaknesses?</h2><p>I own some shares of Sea, and I believe its low price-to-sales ratio could limit its downside potential. But I also don&#39;t think it will stage a meaningful recovery until it revives Garena and narrows its losses. Sea might still generate multibagger gains over the long term as the Southeast Asian e-commerce and fintech markets expand, but its stock will remain out of favor until interest rates stabilize and the bulls rush back toward the riskier growth plays.</p></body></html>","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 Reasons to Buy Sea Limited Stock, and 3 Reasons to Sell</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 Reasons to Buy Sea Limited Stock, and 3 Reasons to Sell\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-18 14:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/17/3-reasons-to-buy-sea-limited-stock-3-sell/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sea Limited's stock plummeted nearly 80% this year and surrendered all of its gains from the past two and half a years. The Singapore-based e-commerce, fintech, and gaming giant lost its luster as its...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/17/3-reasons-to-buy-sea-limited-stock-3-sell/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.fool.com/investing/2022/10/17/3-reasons-to-buy-sea-limited-stock-3-sell/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2276136440","content_text":"Sea Limited's stock plummeted nearly 80% this year and surrendered all of its gains from the past two and half a years. The Singapore-based e-commerce, fintech, and gaming giant lost its luster as its top line growth cooled off and its losses widened. Rising interest rates exacerbated the pain by broadly crushing higher-growth tech stocks.But even after that painful drawdown, Sea's stock still remains about 240% above its IPO price of $15 from five years ago. Let's review the three reasons to buy Sea's stock -- along with three reasons to sell it -- to see where it might be headed.First reason to buy: Shopee's growth potentialSea generated 59% of its revenues from Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, in its latest quarter. Shopee's revenue surged 160% in 2020, driven by a spike in online purchases during the pandemic, and grew 136% in 2021. In 2022, it revenue rose 64% year over year in the first quarter and 51% in the second quarter. Its growth is gradually cooling off, but it's still growing a lot faster than most other major e-commerce companies.Shopee scaled back its overseas expansion over the past year, but its core Southeast Asian market still has plenty of room to grow. IDC Financial Insights expects the region's number of e-commerce users to rise from 222 million in 2020 to 411 million in 2025. Bain & Company believes the GMV (gross merchandise volume, or the value of all goods sold) across the Southeast Asian e-commerce market will nearly double from $120 billion in 2021 to $234 billion in 2025. Those rosy forecasts suggest Shopee can easily generate high double-digit sales growth for the foreseeable future.Second reason to buy: SeaMoney's growth potentialSea generated another 9% of its revenue from its digital financial services (DFS) segment, which houses its SeaMoney digital wallet and other fintech services, in its latest quarter. It started disclosing the segment's revenues separately in 2021, when its revenue skyrocketed 711%.Its DFS revenue rose 360% year over year in the first quarter of 2022, then grew another 214% in the second quarter. SeaMoney ended the second quarter with 52.7 million quarterly active users across all its services, which represented 53% growth from the previous year. That growth makes it a promising play on the expansion of Southeast Asia's digital wallet market, which IDC believes will grow from 154 million users in 2020 to 404 million users by 2025.Third reason to buy: Its valuationSea's total revenue rose 101% in 2020 and 128% in 2021, and analysts expect its top line to grow at a CAGR (compound annual growth rate) of 24% from 2021 to 2024 -- which implies its annual revenue will nearly double.Yet Sea's stock still trades at less than two times this year's sales, which makes it more comparable to a struggling brick-and-mortar retailer like GameStop instead of a high-growth e-commerce company. Therefore, it could easily double or triple from these levels if it finally impresses the market again.First reason to sell: Garena's slowdownSea generated 31% of its revenue from the digital entertainment division, which houses its gaming unit Garena, in its latest quarter. Garena generates most of its growth from its battle royale game Free Fire, which was launched back in 2017.Garena's bookings soared 80% in 2020 as more people played Free Fire throughout the pandemic, then increased 44% in 2021. But its bookings declined sharply in the first half of 2022 as those pandemic-induced headwinds faded away. The game was also abruptly banned in India, one of its fastest-growing markets, earlier this year.Second reason to sell: Its ongoing lossesGarena's slowdown is troubling because it's the only one of Sea's three main businesses units that generates a positive adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization). Shopee is still racking up losses as it tries to attract shoppers with discounts and shipping subsidies, and it's also operating SeaMoney at a loss to lock in more users.The bulls initially believed Sea could offset those losses with Garena's profits, but that thesis is quickly collapsing as Free Fire's growth stalls out. That's why analysts expect Sea to remain unprofitable for the foreseeable future.Third reason to sell: Rising interest ratesSea's lack of profits will make it an unappealing investment as long as interest rates continue to rise. It was still sitting on $6.5 billion in cash and equivalents at the end of the second quarter, thanks to a big debt and stock sale last year, but it could struggle to raise more funds at favorable rates in this challenging market.Do its strengths outweigh its weaknesses?I own some shares of Sea, and I believe its low price-to-sales ratio could limit its downside potential. But I also don't think it will stage a meaningful recovery until it revives Garena and narrows its losses. Sea might still generate multibagger gains over the long term as the Southeast Asian e-commerce and fintech markets expand, but its stock will remain out of favor until interest rates stabilize and the bulls rush back toward the riskier growth plays.","news_type":1},"isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9921645955,"gmtCreate":1671061025578,"gmtModify":1676538482416,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"No direct route for Santa Claus to the GO line to deliver his Xmas rally..hohoho","listText":"No direct route for Santa Claus to the GO line to deliver his Xmas rally..hohoho","text":"No direct route for Santa Claus to the GO line to deliver his Xmas rally..hohoho","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9921645955","repostId":"2291844850","repostType":4,"isVote":1,"tweetType":1,"viewCount":803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982807568,"gmtCreate":1667138496555,"gmtModify":1676537865851,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"High inflation, high energy cost&nbsp;causing changes in spending pattern and everyone is going to prioritize their needs. Wants can wait for now&nbsp;","listText":"High inflation, high energy cost&nbsp;causing changes in spending pattern and everyone is going to prioritize their needs. Wants can wait for now&nbsp;","text":"High inflation, high energy cost causing changes in spending pattern and everyone is going to prioritize their needs. Wants can wait for now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9982807568","repostId":"1157546425","repostType":4,"repost":{"id":"1157546425","kind":"news","pubTimestamp":1667098717,"share":"https://ttm.financial/m/news/1157546425?lang=&edition=fundamental","pubTime":"2022-10-30 10:58","market":"us","language":"en","title":"Net Worth Wipeout: Massive Value Destruction in Tesla, Meta Platforms, and Amazon","url":"https://stock-news.laohu8.com/highlight/detail?id=1157546425","media":"TipRanks","summary":"Story HighlightsThe mightiest of the mighty have fallen fast as Tesla, Meta Platforms, and Amazon mi","content":"<div>\n<p>Story HighlightsThe mightiest of the mighty have fallen fast as Tesla, Meta Platforms, and Amazon missed earnings expectations and disappointed their shareholders. You’ll be amazed, and even shocked, ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/net-worth-wipeout-massive-value-destruction-in-tesla-meta-platforms-and-amazon\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Net Worth Wipeout: Massive Value Destruction in Tesla, Meta Platforms, and Amazon</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\">\nNet Worth Wipeout: Massive Value Destruction in Tesla, Meta Platforms, and Amazon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/net-worth-wipeout-massive-value-destruction-in-tesla-meta-platforms-and-amazon><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsThe mightiest of the mighty have fallen fast as Tesla, Meta Platforms, and Amazon missed earnings expectations and disappointed their shareholders. You’ll be amazed, and even shocked, ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/net-worth-wipeout-massive-value-destruction-in-tesla-meta-platforms-and-amazon\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","TSLA":"特斯拉","META":"Meta Platforms, Inc."},"source_url":"https://www.tipranks.com/news/article/net-worth-wipeout-massive-value-destruction-in-tesla-meta-platforms-and-amazon","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157546425","content_text":"Story HighlightsThe mightiest of the mighty have fallen fast as Tesla, Meta Platforms, and Amazon missed earnings expectations and disappointed their shareholders. You’ll be amazed, and even shocked, to find out just how many billions of dollars these industry giants have lost in a matter of weeks, days, or even hours.For years, the stories of electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA), social media and metaverse business Meta Platforms (NASDAQ: META), and e-commerce giant Amazon (NASDAQ: AMZN) were tales of unencumbered growth. Yet, as they say on Wall Street, trees don’t just grow straight to the heavens. Sooner or later, even the biggest companies must encounter setbacks – and when they’re gigantic corporations, the losses can be absolutely staggering.In other words: The bigger they are, the harder they fall. Granted, we might not feel too sorry for multi-billionaires like Tesla CEO Elon Musk, Meta Platforms CEO Mark Zuckerberg, and Amazon Executive Chairman Jeff Bezos when they sustain financial losses. After all, they still have massive hoards of money and property; they’ll be just fine, no doubt, even after losing billions of dollars.Meta Platforms Gets Kicked Out of the Trillion-Dollar ClubA while back, you might have read news reports about the “trillion-dollar club,” which companies could join if their market caps reached a trillion dollars. It’s mind-blowing to think that this club even exists, but high dollar inflation and corporate growth mean that a trillion-dollar valuation is within reach in the 2020s.However, getting into the trillion-dollar club is one thing; staying in the club is another matter entirely. Reportedly, the tech-stock rout was so bad that Meta Platforms (a.k.a. Facebook) – which was among the five most valuable businesses in the U.S. and had a trillion-dollar market cap last year – is now worth around $270 billion.That’s a stunning $730 billion loss in just a year’s time, and META stock is currently trading at its lowest price since early 2016. Is it possible that Zuckerberg’s big bet on the metaverse isn’t working out as planned?Zuckerberg isn’t the only tech mogul to see billions wiped out. Bezos’ net worth plunged from its $214 billion peak in July 2021 to around $111 billion. This represents a mind-numbing $103 billion capital loss.Meanwhile, Musk lost over $100 billion during the past 12 months – but again, no one’s throwing any pity parties as Musk is still the world’s richest person. Thus, between Zuckerberg, Bezos, and Musk, we can account for a net-worth loss totaling $941 billion.These losses have also been reflected in the share prices of TSLA, AMZN, and META stock. So, before you send flowers and a get-well card to these billionaire owners, be sure to check your investment portfolio, as you might be in dire financial straits yourself.What Do Analysts Think about META, AMZN, and TSLA Stocks?Turning to Wall Street, analysts still have positive views on META, AMZN, and TSLA stocks. As per the picture below, you can see that Amazon has a Strong Buy consensus rating, whereas the other two have a Moderate Buy rating. Their price targets are as follows:META – $146.48 (45.84% upside)AMZN – $165.45 (67.12% upside)TSLA – $292.89 (33.3% upside)","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9981085028,"gmtCreate":1666346357364,"gmtModify":1676537744759,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"More wild moves with options expiration today...","listText":"More wild moves with options expiration today...","text":"More wild moves with options expiration today...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9981085028","repostId":"1151845961","repostType":4,"repost":{"id":"1151845961","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1666340267,"share":"https://ttm.financial/m/news/1151845961?lang=&edition=fundamental","pubTime":"2022-10-21 16:17","market":"us","language":"en","title":"Option Movers｜Tesla’s Trading Volume Doubled From the Day Before; Almost 70% Call Options Focused On This Database Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1151845961","media":"Tiger Newspress","summary":"U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. Federal Re","content":"<html><head></head><body><p>U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. Federal Reserve official reinforced expectations the central bank will be aggressive in hiking interest rates outweighed a flurry of solid corporate earnings.</p><p>The Dow Jones Industrial Average fell 90.22 points, or 0.3%, to 30,333.59, the S&amp;P 500 lost 29.38 points, or 0.80%, to 3,665.78 and the Nasdaq Composite dropped 65.66 points, or 0.61%, to 10,614.84.</p><h2>Options Broad View</h2><p>A total volume of 37,082,060 contracts were traded on Thursday, up 1.18% from the previous day. Call options account for 53% of total options trades.</p><p>There are 7.24 million <b><a href=\"https://laohu8.com/S/SPY\">SPDR S&amp;P 500 ETF Trust</a></b> options traded onThursday. Call options account for 43% in overall option trades. Particularly high volume was seen for the $365 strike put option expiring October 21, with 300,458 contracts trading on Thursday.</p><h2>Top 10 Option Volumes</h2><p><b>Top 10: SPY, TSLA, QQQ, AAPL, IWM, NVDA, SNAP, AMZN, AMD, VIX</b></p><p>Tesla crashed 6.65% on Thursday after posting its financial results. It reported Q3 EPS of $1.05, $0.02 better than the analyst estimate of $1.03. Revenue for the quarter came in at $21.45 billion versus the consensus estimate of $22.5 billion.</p><p>There are 3,490,000 option contracts traded on Thursday, up 118.13% from the previous day. Call options account for 54% in overall option trades. Particularly high volume was seen for the $200 strike put option expiring October 21, with 182,748 contracts trading on Thursday.</p><h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c4add5b7af40a08f3d39579ab8b8d95\" tg-width=\"461\" tg-height=\"930\" referrerpolicy=\"no-referrer\"/><span>Source: Tiger Trade APP</span></p>Unusual Options Activity</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13396e43017d375fb22dfe9e604be2a0\" tg-width=\"894\" tg-height=\"321\" referrerpolicy=\"no-referrer\"/><span>Source: Market Chameleon</span></p><p><b><a href=\"https://laohu8.com/S/T\">AT&amp;T Inc</a></b> jumped 7.72% on Thursday after posting its Q3 financial results. It reported revenue of $29.64 billion and earnings per share of 68 cents. Further, it raised its full-year adjusted-earnings outlook to $2.50 a share or higher from a prior range of $2.42 to $2.46 a share.</p><p>There are 409,600 option contracts traded on Thursday, surging over 4 times than usual. Call options account for 45% in overall option trades. Particularly high volume was seen for the $18 strike put option expiring October 21, with 60,486 contracts trading on Thursday.</p><p><b><a href=\"https://laohu8.com/S/ORCL\">Oracle</a></b> rose 4.45% on Thursday as it expects $65B in revenue by 2026. Before that, Piper Sandler analyst Brent Bracelin raised his rating to neutral from underweight and offered a price target of $70, noting that operating margins are below 40% and gross margins are at 74.5%.</p><p>There are 130,800 option contracts traded on Thursday, surging over 3 times than usual. Call options account for 67% in overall option trades. Particularly high volume was seen for the $70 strike call option expiring October 21, with 13,181 contracts trading on Thursday.</p><h2>TOP Bullish &amp; Bearish Single Stocks</h2><p>This report shows stocks with the highest volume of bullish and bearish activity by option delta volume, which converts option volume to an equivalent stock volume (bought or sold).</p><p>If we take the total positive option delta volume and subtract the total negative option delta volume, we will get the net imbalance. If the net imbalance is positive, there is more bullish pressure. If the net is negative, there is more bearish pressure.</p><p><b>Top 10 bullish stocks: SPY, T, PBR, KWEB, BKLN, ERIC, PACB, EEM, MULN, QQQ</b></p><p><b>Top 10 bearish stocks: AAL, NIO, TQQQ, HYG, TZA, DKNG, VALE, LCID, TSLA, NFLX</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f3031216dbd3af34a2db7c6dabd0fa1\" tg-width=\"554\" tg-height=\"276\" referrerpolicy=\"no-referrer\"/><span>Source: Market Chameleon</span></p><p>If you are interested in options and you want to:</p><ul><li><p>Share experiences and ideas on options trading.</p></li><li><p>Read options-related market updates/insights.</p></li><li><p>Learn more about options trading if you are a beginner in this field.</p></li></ul><p>Please click to join <a href=\"https://t.me/TigerBrokersOptions\" target=\"_blank\">Tiger Options Club</a></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Option Movers｜Tesla’s Trading Volume Doubled From the Day Before; Almost 70% Call Options Focused On This Database Stock</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\">\nOption Movers｜Tesla’s Trading Volume Doubled From the Day Before; Almost 70% Call Options Focused On This Database Stock\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\">2022-10-21 16:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. Federal Reserve official reinforced expectations the central bank will be aggressive in hiking interest rates outweighed a flurry of solid corporate earnings.</p><p>The Dow Jones Industrial Average fell 90.22 points, or 0.3%, to 30,333.59, the S&amp;P 500 lost 29.38 points, or 0.80%, to 3,665.78 and the Nasdaq Composite dropped 65.66 points, or 0.61%, to 10,614.84.</p><h2>Options Broad View</h2><p>A total volume of 37,082,060 contracts were traded on Thursday, up 1.18% from the previous day. Call options account for 53% of total options trades.</p><p>There are 7.24 million <b><a href=\"https://laohu8.com/S/SPY\">SPDR S&amp;P 500 ETF Trust</a></b> options traded onThursday. Call options account for 43% in overall option trades. Particularly high volume was seen for the $365 strike put option expiring October 21, with 300,458 contracts trading on Thursday.</p><h2>Top 10 Option Volumes</h2><p><b>Top 10: SPY, TSLA, QQQ, AAPL, IWM, NVDA, SNAP, AMZN, AMD, VIX</b></p><p>Tesla crashed 6.65% on Thursday after posting its financial results. It reported Q3 EPS of $1.05, $0.02 better than the analyst estimate of $1.03. Revenue for the quarter came in at $21.45 billion versus the consensus estimate of $22.5 billion.</p><p>There are 3,490,000 option contracts traded on Thursday, up 118.13% from the previous day. Call options account for 54% in overall option trades. Particularly high volume was seen for the $200 strike put option expiring October 21, with 182,748 contracts trading on Thursday.</p><h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c4add5b7af40a08f3d39579ab8b8d95\" tg-width=\"461\" tg-height=\"930\" referrerpolicy=\"no-referrer\"/><span>Source: Tiger Trade APP</span></p>Unusual Options Activity</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13396e43017d375fb22dfe9e604be2a0\" tg-width=\"894\" tg-height=\"321\" referrerpolicy=\"no-referrer\"/><span>Source: Market Chameleon</span></p><p><b><a href=\"https://laohu8.com/S/T\">AT&amp;T Inc</a></b> jumped 7.72% on Thursday after posting its Q3 financial results. It reported revenue of $29.64 billion and earnings per share of 68 cents. Further, it raised its full-year adjusted-earnings outlook to $2.50 a share or higher from a prior range of $2.42 to $2.46 a share.</p><p>There are 409,600 option contracts traded on Thursday, surging over 4 times than usual. Call options account for 45% in overall option trades. Particularly high volume was seen for the $18 strike put option expiring October 21, with 60,486 contracts trading on Thursday.</p><p><b><a href=\"https://laohu8.com/S/ORCL\">Oracle</a></b> rose 4.45% on Thursday as it expects $65B in revenue by 2026. Before that, Piper Sandler analyst Brent Bracelin raised his rating to neutral from underweight and offered a price target of $70, noting that operating margins are below 40% and gross margins are at 74.5%.</p><p>There are 130,800 option contracts traded on Thursday, surging over 3 times than usual. Call options account for 67% in overall option trades. Particularly high volume was seen for the $70 strike call option expiring October 21, with 13,181 contracts trading on Thursday.</p><h2>TOP Bullish &amp; Bearish Single Stocks</h2><p>This report shows stocks with the highest volume of bullish and bearish activity by option delta volume, which converts option volume to an equivalent stock volume (bought or sold).</p><p>If we take the total positive option delta volume and subtract the total negative option delta volume, we will get the net imbalance. If the net imbalance is positive, there is more bullish pressure. If the net is negative, there is more bearish pressure.</p><p><b>Top 10 bullish stocks: SPY, T, PBR, KWEB, BKLN, ERIC, PACB, EEM, MULN, QQQ</b></p><p><b>Top 10 bearish stocks: AAL, NIO, TQQQ, HYG, TZA, DKNG, VALE, LCID, TSLA, NFLX</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f3031216dbd3af34a2db7c6dabd0fa1\" tg-width=\"554\" tg-height=\"276\" referrerpolicy=\"no-referrer\"/><span>Source: Market Chameleon</span></p><p>If you are interested in options and you want to:</p><ul><li><p>Share experiences and ideas on options trading.</p></li><li><p>Read options-related market updates/insights.</p></li><li><p>Learn more about options trading if you are a beginner in this field.</p></li></ul><p>Please click to join <a href=\"https://t.me/TigerBrokersOptions\" target=\"_blank\">Tiger Options Club</a></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ORCL":"甲骨文","TSLA":"特斯拉","T":"美国电话电报"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151845961","content_text":"U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. Federal Reserve official reinforced expectations the central bank will be aggressive in hiking interest rates outweighed a flurry of solid corporate earnings.The Dow Jones Industrial Average fell 90.22 points, or 0.3%, to 30,333.59, the S&P 500 lost 29.38 points, or 0.80%, to 3,665.78 and the Nasdaq Composite dropped 65.66 points, or 0.61%, to 10,614.84.Options Broad ViewA total volume of 37,082,060 contracts were traded on Thursday, up 1.18% from the previous day. Call options account for 53% of total options trades.There are 7.24 million SPDR S&P 500 ETF Trust options traded onThursday. Call options account for 43% in overall option trades. Particularly high volume was seen for the $365 strike put option expiring October 21, with 300,458 contracts trading on Thursday.Top 10 Option VolumesTop 10: SPY, TSLA, QQQ, AAPL, IWM, NVDA, SNAP, AMZN, AMD, VIXTesla crashed 6.65% on Thursday after posting its financial results. It reported Q3 EPS of $1.05, $0.02 better than the analyst estimate of $1.03. Revenue for the quarter came in at $21.45 billion versus the consensus estimate of $22.5 billion.There are 3,490,000 option contracts traded on Thursday, up 118.13% from the previous day. Call options account for 54% in overall option trades. Particularly high volume was seen for the $200 strike put option expiring October 21, with 182,748 contracts trading on Thursday.Source: Tiger Trade APPUnusual Options ActivitySource: Market ChameleonAT&T Inc jumped 7.72% on Thursday after posting its Q3 financial results. It reported revenue of $29.64 billion and earnings per share of 68 cents. Further, it raised its full-year adjusted-earnings outlook to $2.50 a share or higher from a prior range of $2.42 to $2.46 a share.There are 409,600 option contracts traded on Thursday, surging over 4 times than usual. Call options account for 45% in overall option trades. Particularly high volume was seen for the $18 strike put option expiring October 21, with 60,486 contracts trading on Thursday.Oracle rose 4.45% on Thursday as it expects $65B in revenue by 2026. Before that, Piper Sandler analyst Brent Bracelin raised his rating to neutral from underweight and offered a price target of $70, noting that operating margins are below 40% and gross margins are at 74.5%.There are 130,800 option contracts traded on Thursday, surging over 3 times than usual. Call options account for 67% in overall option trades. Particularly high volume was seen for the $70 strike call option expiring October 21, with 13,181 contracts trading on Thursday.TOP Bullish & Bearish Single StocksThis report shows stocks with the highest volume of bullish and bearish activity by option delta volume, which converts option volume to an equivalent stock volume (bought or sold).If we take the total positive option delta volume and subtract the total negative option delta volume, we will get the net imbalance. If the net imbalance is positive, there is more bullish pressure. If the net is negative, there is more bearish pressure.Top 10 bullish stocks: SPY, T, PBR, KWEB, BKLN, ERIC, PACB, EEM, MULN, QQQTop 10 bearish stocks: AAL, NIO, TQQQ, HYG, TZA, DKNG, VALE, LCID, TSLA, NFLXSource: Market ChameleonIf you are interested in options and you want to:Share experiences and ideas on options trading.Read options-related market updates/insights.Learn more about options trading if you are a beginner in this field.Please click to join Tiger Options Club","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952583079,"gmtCreate":1674811891291,"gmtModify":1676538960285,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CRPU.SI\">$SASSEUR REIT(CRPU.SI)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/CRPU.SI\">$SASSEUR REIT(CRPU.SI)$ &nbsp;</a>","text":"$SASSEUR REIT(CRPU.SI)$","images":[{"img":"https://community-static.tradeup.com/news/327243d27e8603518228dc523a742583","width":"1080","height":"2182"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9952583079","isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9982662068,"gmtCreate":1667175472955,"gmtModify":1676537870314,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"75 bps with a more bullish lingo to squeeze the life out of other countries currency.&nbsp;","listText":"75 bps with a more bullish lingo to squeeze the life out of other countries currency.&nbsp;","text":"75 bps with a more bullish lingo to squeeze the life out of other countries currency.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9982662068","isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966717992,"gmtCreate":1669644596416,"gmtModify":1676538217826,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"Bbq","listText":"Bbq","text":"Bbq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966717992","repostId":"1176063743","repostType":4,"isVote":1,"tweetType":1,"viewCount":609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961060160,"gmtCreate":1668788424951,"gmtModify":1676538114369,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a> With the demise and mistrust created by&nbsp;ftx, the least resistance for this industry and this counter is more downside.","listText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a> With the demise and mistrust created by&nbsp;ftx, the least resistance for this industry and this counter is more downside.","text":"$Coinbase Global, Inc.(COIN)$ With the demise and mistrust created by ftx, the least resistance for this industry and this counter is more downside.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961060160","isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961353618,"gmtCreate":1668849806635,"gmtModify":1676538121671,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"A bigger scheme devouring the smaller scheme... Nothing to see here","listText":"A bigger scheme devouring the smaller scheme... Nothing to see here","text":"A bigger scheme devouring the smaller scheme... Nothing to see here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961353618","repostId":"1177646844","repostType":4,"repost":{"id":"1177646844","kind":"news","pubTimestamp":1668816096,"share":"https://ttm.financial/m/news/1177646844?lang=&edition=fundamental","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","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>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949886248,"gmtCreate":1678490427985,"gmtModify":1678490431983,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SIVB\">$SVB Financial Group(SIVB)$ &nbsp;</a>is this the catalyst that start a bigger financial crisis? There will be more anxiety coming as the quarter comes to a close.","listText":"<a href=\"https://ttm.financial/S/SIVB\">$SVB Financial Group(SIVB)$ &nbsp;</a>is this the catalyst that start a bigger financial crisis? There will be more anxiety coming as the quarter comes to a close.","text":"$SVB Financial Group(SIVB)$ is this the catalyst that start a bigger financial crisis? There will be more anxiety coming as the quarter comes to a close.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949886248","isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954408958,"gmtCreate":1676517020775,"gmtModify":1676517025768,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"From experience, one will end getting odd numbers of shares when one takes up drop instead of the dividend. Trading is always to the advantage of the broker, because wide spread, low volume, and bad fill","listText":"From experience, one will end getting odd numbers of shares when one takes up drop instead of the dividend. Trading is always to the advantage of the broker, because wide spread, low volume, and bad fill","text":"From experience, one will end getting odd numbers of shares when one takes up drop instead of the dividend. Trading is always to the advantage of the broker, because wide spread, low volume, and bad fill","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9954408958","repostId":"1111298195","repostType":4,"repost":{"id":"1111298195","kind":"news","pubTimestamp":1676512757,"share":"https://ttm.financial/m/news/1111298195?lang=&edition=fundamental","pubTime":"2023-02-16 09:59","market":"sg","language":"en","title":"4 REITs That Have Announced Distribution Reinvestment Plans: Should You Take Them Up?","url":"https://stock-news.laohu8.com/highlight/detail?id=1111298195","media":"The Smart Investor","summary":"The REIT sector saw its fair share of challenges last year as high inflation and soaring interest ra","content":"<html><head></head><body><p>The REIT sector saw its fair share of challenges last year as high inflation and soaring interest rates dampened sentiment for the asset class.</p><p>Unfortunately, these headwinds have not abated this year.</p><p>Many REITs are, therefore, trying to conserve cash as their operating and finance expenses surge.</p><p>One cash conservation method employed by REITs is the dividend reinvestment plan or DRIP.</p><p>Instead of cash, unitholders can opt to receive their distributions in the form of new units issued by the REIT.</p><p>These units are called scrip and allow unitholders to reinvest their dividends and avoid incurring brokerage fees by buying units from the open market.</p><p>Some REITs also offer a slight discount to the market price to entice unitholders to select the scrip option.</p><p>We profile four REITs that announced DRIPs and assess if investors should take up the offers.</p><p><b>Prime US REIT (SGX: OXMU)</b></p><p>Prime US REIT is a US office REIT with a portfolio of 14 freehold office properties in 13 US markets.</p><p>Its assets under management (AUM) stood at US$1.5 billion as of 31 December 2022.</p><p>The REIT released its fiscal 2022 earnings recently.</p><p>Gross revenue inched up 4% year on year to US$163 million, with contributions from new acquisitions Sorrento Towers and One Tower Center.</p><p>However, net property income (NPI) dipped 2.7% year on year to US$97.9 million.</p><p>Distribution per unit (DPU) slid 3.4% year on year to US$0.0655.</p><p>For the second half of 2022 (2H2022), Prime US REIT declared a DPU of US$0.0303, down 12.2% year on year.</p><p>The REIT manager has announced the application of the DRIP to the 2H2022 DPU.</p><p>The REIT’s occupancy rate remained steady at around 89% and the REIT enjoyed its 11th consecutive quarter of positive rental reversion.</p><p>Aggregate leverage stood at 42.1% with an all-in average interest rate of 3.3%.</p><p>The previous DPU of US$0.0352 per unit saw DRIP units being issued at a 2.5% discount to the volume-weighted average price (VWAP).</p><p><b>Mapletree Industrial Trust (SGX: ME8U)</b></p><p>Mapletree Industrial Trust, or MIT, is an industrial REIT with 85 properties in Singapore and 56 in the US.</p><p>Total AUM stood at S$8.8 billion as of 31 December 2022.</p><p>MIT saw its revenue rise 5% year on year for the third quarter of fiscal 2023 (3Q FY2023) to S$170.4 million.</p><p>NPI rose in tandem to S$128.8 million, but DPU ticked down 2.9% year on year to S$0.0339.</p><p>The manager has announced that the DRIP will apply to the 3Q FY2023 DPU but will be suspended thereafter.</p><p>The issue price for the new units is S$2.3255 per unit, at around a 1% discount to the VWAP.</p><p>MIT’s portfolio occupancy stood high at 95.7%.</p><p>Gearing came in at 37.2% with a cost of debt of 3.3%. The REIT also has close to three-quarters of its loans on fixed rates.</p><p><b>Lendlease Global Commercial REIT (SGX: JYEU)</b></p><p>Lendlease Global Commercial REIT, or LREIT, is an office cum retail REIT that owns Jem, 313 Somerset, both in Singapore, and an interest in Sky Complex in Milan, Italy.</p><p>These properties have an AUM of S$3.6 billion as of 30 June 2022.</p><p>LREIT reported a decent set of earnings for its fiscal 2023’s first half (1H FY2023).</p><p>Gross revenue more than doubled year on year to S$101.7 million as Jem was added to the REIT’s portfolio.</p><p>NPI surged 157.8% year on year to S$76.4 million while DPU inched up 2.1% year on year to S$0.0245.</p><p>The REIT’s gearing ratio stood at 39.2% with a low weighted average cost of debt of 2.35%.</p><p>Committed occupancy was very high at 99.8%.</p><p>The DRIP will apply to the 1H FY2023 DPU and the issue price of new units will be set at around 2% lower than the units’ VWAP.</p><p><b>Starhill Global REIT (SGX: P40U)</b></p><p>Starhill Global REIT, or SGREIT, owns a portfolio of 10 retail and office properties in Singapore, Australia, Malaysia, Japan, and China.</p><p>The portfolio was valued at S$2.9 billion as of 31 December 2022.</p><p>SGREIT’s 1H FY2023 saw revenue rise 4.1% year on year to S$94.7 million.</p><p>NPI increased by 6.7% year on year to S$74.3 million while DPU edged up 2.2% year on year to S$0.0182.</p><p>The REIT’s occupancy stayed high at 97.1% with its portfolio boasting a long weighted average lease expiry of 6.8 years by net lettable area.</p><p>SGREIT’s gearing stood at just 36.3%, opening the REIT up for debt-fuelled acquisitions.</p><p>Around 84% of its loans are on fixed rates and its cost of debt came in at 3.28%.</p><p>The REIT manager has confirmed that the DRIP will apply to the 1H FY2023 DPU and that new units will be issued at a 2% discount to the VWAP.</p><p>After books closure, management announced that the DRIP issue price is S$0.5661 per unit.</p></body></html>","source":"lsy1602567310727","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>4 REITs That Have Announced Distribution Reinvestment Plans: Should You Take Them 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; 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\">\n4 REITs That Have Announced Distribution Reinvestment Plans: Should You Take Them Up?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-16 09:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/4-reits-that-have-announced-distribution-reinvestment-plans-should-you-take-them-up/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The REIT sector saw its fair share of challenges last year as high inflation and soaring interest rates dampened sentiment for the asset class.Unfortunately, these headwinds have not abated this year....</p>\n\n<a href=\"https://thesmartinvestor.com.sg/4-reits-that-have-announced-distribution-reinvestment-plans-should-you-take-them-up/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JYEU.SI":"Lendlease Reit","ME8U.SI":"丰树工业信托","P40U.SI":"升禧环球房地产投资信托","OXMU.SI":"Prime US ReitUSD"},"source_url":"https://thesmartinvestor.com.sg/4-reits-that-have-announced-distribution-reinvestment-plans-should-you-take-them-up/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111298195","content_text":"The REIT sector saw its fair share of challenges last year as high inflation and soaring interest rates dampened sentiment for the asset class.Unfortunately, these headwinds have not abated this year.Many REITs are, therefore, trying to conserve cash as their operating and finance expenses surge.One cash conservation method employed by REITs is the dividend reinvestment plan or DRIP.Instead of cash, unitholders can opt to receive their distributions in the form of new units issued by the REIT.These units are called scrip and allow unitholders to reinvest their dividends and avoid incurring brokerage fees by buying units from the open market.Some REITs also offer a slight discount to the market price to entice unitholders to select the scrip option.We profile four REITs that announced DRIPs and assess if investors should take up the offers.Prime US REIT (SGX: OXMU)Prime US REIT is a US office REIT with a portfolio of 14 freehold office properties in 13 US markets.Its assets under management (AUM) stood at US$1.5 billion as of 31 December 2022.The REIT released its fiscal 2022 earnings recently.Gross revenue inched up 4% year on year to US$163 million, with contributions from new acquisitions Sorrento Towers and One Tower Center.However, net property income (NPI) dipped 2.7% year on year to US$97.9 million.Distribution per unit (DPU) slid 3.4% year on year to US$0.0655.For the second half of 2022 (2H2022), Prime US REIT declared a DPU of US$0.0303, down 12.2% year on year.The REIT manager has announced the application of the DRIP to the 2H2022 DPU.The REIT’s occupancy rate remained steady at around 89% and the REIT enjoyed its 11th consecutive quarter of positive rental reversion.Aggregate leverage stood at 42.1% with an all-in average interest rate of 3.3%.The previous DPU of US$0.0352 per unit saw DRIP units being issued at a 2.5% discount to the volume-weighted average price (VWAP).Mapletree Industrial Trust (SGX: ME8U)Mapletree Industrial Trust, or MIT, is an industrial REIT with 85 properties in Singapore and 56 in the US.Total AUM stood at S$8.8 billion as of 31 December 2022.MIT saw its revenue rise 5% year on year for the third quarter of fiscal 2023 (3Q FY2023) to S$170.4 million.NPI rose in tandem to S$128.8 million, but DPU ticked down 2.9% year on year to S$0.0339.The manager has announced that the DRIP will apply to the 3Q FY2023 DPU but will be suspended thereafter.The issue price for the new units is S$2.3255 per unit, at around a 1% discount to the VWAP.MIT’s portfolio occupancy stood high at 95.7%.Gearing came in at 37.2% with a cost of debt of 3.3%. The REIT also has close to three-quarters of its loans on fixed rates.Lendlease Global Commercial REIT (SGX: JYEU)Lendlease Global Commercial REIT, or LREIT, is an office cum retail REIT that owns Jem, 313 Somerset, both in Singapore, and an interest in Sky Complex in Milan, Italy.These properties have an AUM of S$3.6 billion as of 30 June 2022.LREIT reported a decent set of earnings for its fiscal 2023’s first half (1H FY2023).Gross revenue more than doubled year on year to S$101.7 million as Jem was added to the REIT’s portfolio.NPI surged 157.8% year on year to S$76.4 million while DPU inched up 2.1% year on year to S$0.0245.The REIT’s gearing ratio stood at 39.2% with a low weighted average cost of debt of 2.35%.Committed occupancy was very high at 99.8%.The DRIP will apply to the 1H FY2023 DPU and the issue price of new units will be set at around 2% lower than the units’ VWAP.Starhill Global REIT (SGX: P40U)Starhill Global REIT, or SGREIT, owns a portfolio of 10 retail and office properties in Singapore, Australia, Malaysia, Japan, and China.The portfolio was valued at S$2.9 billion as of 31 December 2022.SGREIT’s 1H FY2023 saw revenue rise 4.1% year on year to S$94.7 million.NPI increased by 6.7% year on year to S$74.3 million while DPU edged up 2.2% year on year to S$0.0182.The REIT’s occupancy stayed high at 97.1% with its portfolio boasting a long weighted average lease expiry of 6.8 years by net lettable area.SGREIT’s gearing stood at just 36.3%, opening the REIT up for debt-fuelled acquisitions.Around 84% of its loans are on fixed rates and its cost of debt came in at 3.28%.The REIT manager has confirmed that the DRIP will apply to the 1H FY2023 DPU and that new units will be issued at a 2% discount to the VWAP.After books closure, management announced that the DRIP issue price is S$0.5661 per unit.","news_type":1},"isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961429806,"gmtCreate":1669026915605,"gmtModify":1676538141496,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"Just Ponzi on steroids&nbsp;","listText":"Just Ponzi on steroids&nbsp;","text":"Just Ponzi on steroids","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961429806","repostId":"1168786172","repostType":4,"repost":{"id":"1168786172","kind":"news","pubTimestamp":1669017857,"share":"https://ttm.financial/m/news/1168786172?lang=&edition=fundamental","pubTime":"2022-11-21 16:04","market":"fut","language":"en","title":"The FTX Scandal Ripped Crypto Apart. What Comes Next","url":"https://stock-news.laohu8.com/highlight/detail?id=1168786172","media":"Barron's","summary":"The biggest scandal in crypto involves celebrities, sports stars, Caribbean intrigue, and a corporat","content":"<html><head></head><body><p>The biggest scandal in crypto involves celebrities, sports stars, Caribbean intrigue, and a corporate mystery: How, exactly, did a company valued at $32 billion go bankrupt almost overnight? In hindsight, Sam Bankman-Fried’s FTX empire displayed legions of red flags. But its fall has been striking, even to veterans of the largest blowups in corporate history.</p><p>“Never in my career have I seen such a complete failure of corporate controls,” said John J. Ray, the new CEO of FTX, in a bankruptcy court filing. That’s quite a comment coming from the lawyer who cleaned up Enron’s bankruptcy two decades ago.</p><p>FTX has spilled blood in the streets. But far more is likely to come, and this is no time to play bargain hunter. Yes, Bitcoin and other tokens have lost more than 20%. And stocks like Coinbase Global (ticker: COIN), Silvergate Capital (SI), and Grayscale Bitcoin Trust (GBTC) have been slammed. More than $200 billion has been wiped off token market value since FTX started cracking in early November.</p><p>But nothing about this crisis indicates that it will end soon. Damage to the crypto ecosystem’s credibility is unquantifiable. And more fallout is likely as other trading platforms reveal exposures to FTX and related entities, potentially pushing down token prices, crypto-related stocks, and companies even more.</p><p>Government investigations of FTX are just starting, and lawsuits are piling up. One is already targeting celebrities like Tom Brady, Larry David, and Stephen Curry for promoting FTX on its website and in a Super Bowl ad.</p><p>“We knew crypto had a highly unstable value, and now we know the platforms for trading and storing them are unreliable,” says Cornell University economist Eswar Prasad, a leading digital-asset expert. “Even the basic requirement that assets can be kept securely is not met by crypto.”</p><p>In Washington, calls for comprehensive crypto rules are intensifying, including a plea this past week from Treasury Secretary Janet Yellen; she said it’s “vital” to address the industry’s risks, protect consumers, and promote financial stability. “The dominoes aren’t done falling,” says Matt Hougan, chief investment officer of Bitwise Asset Management, a crypto index fund provider. “Contagion risk will keep people out of the market, and I don’t know what other shoe will drop.”</p><p>One might draw two conclusions. The first is that crypto has sealed its own coffin as an asset class—proving beyond a reasonable doubt that it’s the “mother of all scams,” in the words of New York University economist Nouriel Roubini.</p><p>The other possible conclusion is that crypto is simply proving itself irrelevant. A decade into its development, the technology has yet to make serious inroads into mainstream financial markets or commerce. The latest fiasco hasn’t dented broader financial markets. The S&amp;P 500 index is up 3.7% since FTX fell apart. Spreads in yields between corporate bonds and Treasuries—another sign of stress—haven’t blown out like they did during the 2008-09 financial crisis.</p><p>Hougan, for one, calls both conclusions silly. “One exchange engaging in bad activity doesn’t mean the end of crypto, blockchain technologies, or programmable money,” he says. Bitwise hasn’t seen meaningful outflows from its institutional clients, he adds, partly because they still believe in the technology and are willing to wait for this crisis to blow over.</p><p>Others in the industry say there will be a silver lining: Regulation will finally kick in, preventing other blowups. “One of the bad outcomes that could come here is conflating clear examples of human misconduct with the technology,” says Dante Disparte, chief strategy officer of Circle, the company backing the $44 billionUSDC stablecoin. “It’s precisely because of something like this that we need to regulate the industry.”</p><p>In short, crypto probably won’t die, but it won’t be the same in a post-FTX world. More than ever, it needs government supervision, audited financial statements, consumer protections, and transparency to survive and advance. Turning crypto into a regulated medium of exchange goes against the original libertarian ethos of Bitcoin—designed to avoid the strictures of government and corporate control. The industry may have little choice, however, if it wants to survive.</p><h2>The Collapse of a $32 Billion Empire and Its Aftermath</h2><p>This past week brought a flurry of revelations about potential malfeasance at Bahamas-based FTX. Corporate funds were used to buy homes in the Bahamas and other personal items for employees, Ray’s filing said, with no documentation of the transactions as loans. Expenses were filed in online chats, approved with personalized emojis.</p><p>FTX didn’t keep appropriate books and records, Ray noted, and its unacceptable practices included the use of software “to conceal the misuse of customer funds.”</p><p>How much money has been lost isn’t known. Ray noted an unauthorized transfer of $372 million of crypto and said someone had minted $300 million in unapproved tokens, diluting their value. The balance sheet has a hole of $8 billion to $10 billion, including $1 billion to $2 billion in customer assets that have gone missing, according to Reuters and other media reports. Bankman-Fried received a $1 billion loan from Alameda Research, his trading company, Ray said.</p><p>More than a million customers, creditors, and investors in FTX and related entities are now trying to recoup funds. But even the jurisdiction of FTX’s remaining assets is in dispute. The Bahamas Securities Commission said on Thursday that it had directed the transfer of all FTX Digital Markets’ assets to a wallet it controls “for safekeeping,” a sign that jurisdictional battles over the bankruptcy could delay customer recoveries even further.</p><p>Neither an FTX representative nor Bankman-Fried responded to requests for comment. Bankman-Fried has continued posting on Twitter, apologizing, explaining, and making sometimes bizarre comments. He “continues to make erratic and misleading public statements,” Ray said, citing a Twitter chat with a reporter where Bankman-Fried said, “F____ regulators they make everything worse.”</p><p>Other crypto players are struggling to contain the fallout. High-yield lender BlockFi, itself the recipient of a bailout by Bankman-Fried, has frozen customer deposits. Genesis Global Capital, a large lender, stopped withdrawals, leading Gemini Trust, an exchange founded by the Winklevoss twins, with ties to Genesis, to do the same with its yield-paying accounts.</p><p>“Genesis has been exploring all possible options and has been having positive conversations with potential investors,” a spokesperson said in a statement to<i>Barron’s</i>.</p><p>Another casualty has been Grayscale Bitcoin Trust, the largest publicly traded Bitcoin fund with $10.5 billion worth of the token. The trust’s publicly traded security, GBTC, fell to a 40% discount to its underlying Bitcoin assets this past week. ARK Invest CEO Cathie Wood saw that as a bargain, buying more than 300,000 shares of GBTC for her ARK Next Generation Internet exchange-traded fund (ARKW). But GBTC’s discount reflects skepticism that Bitcoin isn’t done falling, and the discount could widen further due to forced-selling as more crypto entities come under pressure.</p><p>Other exchanges are racing to reassure customers. Coinbase says it doesn’t take actions with customer assets without their permission. Crypto.com says it fully backs customer assets with reserves. Binance CEO Changpeng Zhao has tried to reassure customers of his exchange, the world’s largest by volume, while calling for other exchanges to publish “proof of reserves.”</p><p>For now, the token market appears to be taking all of this in stride. Bitcoin’s price has dropped about 20%, and Ether’s price has fallen 24%. That’s not remarkable in the volatile token market, says The Wharton School of the University of Pennsylvania’s professor Kevin Werbach, who called for more crypto regulations in a Senate hearing last February, alongside Bankman-Fried. “If I told you to look at the trading chart of most cryptocurrencies and asked you to identify the period right after the most spectacular failure in the history of the space, you’d probably not pick this out,” Werbach says.</p><h2>Crypto Comes Crawling to D.C.</h2><p>As bulls see it, FTX’s failure will prompt Washington to pass comprehensive rules. Indeed, the best outcome may be crypto versions of Sarbanes-Oxley and Dodd-Frank—the sweeping rule changes for Wall Street that came after Enron’s collapse in 2002 and the 2008-09 financial crisis. Those rules included criminal liability for executives intentionally misstating accounting, new capital buffer requirements for banks, and far more consumer protections.</p><p>U.S. policy makers are now redoubling efforts in crypto. In December, a House panel plans to hold a hearing on FTX. Next year, Congress is likely to consider bills that would require exchanges and brokerages to register with the Commodity Futures Trading Commission and/or the Securities and Exchange Commission. Regulators will also be under pressure to ensure that the FTX model of co-mingling customer assets with proprietary trading entities never happens again. That separation of assets is now a bedrock of equity broker/dealers and exchanges, but it’s often absent in crypto.</p><p>Without guardrails, deep-pocketed investors like family offices and sovereign-wealth funds will stay away, says Monsur Hussain, global head of research for financial institutions at Fitch Ratings. “Some funds and family offices have liquidated at least part of their holdings until they see the dust settle,” he says.</p><p>The White House also wants rules for stablecoins, which are used extensively for crypto banking and trading. Circle and other stablecoin companies have lobbied hard for rules. But the market itself has been shrinking, falling by $25 billion since peaking last May at $186 billion. “It would be difficult here to imagine a sustained recovery in crypto prices without the shrinkage of the stablecoin universe stopping,” wrote analysts at J.P. Morgan in a note.</p><p>If there are winners in the fiasco, it may be companies that are already extensively regulated. Andrei Kazantsev, global head of crypto trading for Goldman Sachs, said at a conference that he’d seen a “flight to quality” from institutions seeking safe counterparties, instead of using unregulated exchanges and trading platforms.</p><p>Yet Coinbase, a beneficiary of that flight to safety, faces new headwinds.Bank of America downgraded the stock to Neutral on Friday, citing “diminished confidence in the crypto ecosystem,” especially among the exchange’s core retail customer base. BofA also sees revenue risk to Coinbase if there’s “sustained further deterioration” in crypto asset prices, such as Bitcoin going to $10,000 from its recent $16,600.</p><p>“How far does this go? As much I keep hoping things will get better, things keep getting worse,” says D.A. Davidson analyst Chris Brendler, who maintained a Buy on Coinbase.</p><p>Some advisors say there’s no rush to get into crypto. “There’s nothing wrong with putting this in the ‘too hard’ pile,” says Meb Faber, CEO of Cambria Investment Management.</p><p>FTX now appears likely to join Enron, Lehman, and Madoff in the pantheon of corporate failures. But the chaos it’s creating in crypto is no reason to buy the dip. “I don’t think this is a value opportunity,” says Deutsche Bank strategist Marion Laboure.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The FTX Scandal Ripped Crypto Apart. 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What Comes Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-21 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/ftx-collapse-crypto-bitcoin-51668807605?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The biggest scandal in crypto involves celebrities, sports stars, Caribbean intrigue, and a corporate mystery: How, exactly, did a company valued at $32 billion go bankrupt almost overnight? In ...</p>\n\n<a href=\"https://www.barrons.com/articles/ftx-collapse-crypto-bitcoin-51668807605?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.barrons.com/articles/ftx-collapse-crypto-bitcoin-51668807605?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168786172","content_text":"The biggest scandal in crypto involves celebrities, sports stars, Caribbean intrigue, and a corporate mystery: How, exactly, did a company valued at $32 billion go bankrupt almost overnight? In hindsight, Sam Bankman-Fried’s FTX empire displayed legions of red flags. But its fall has been striking, even to veterans of the largest blowups in corporate history.“Never in my career have I seen such a complete failure of corporate controls,” said John J. Ray, the new CEO of FTX, in a bankruptcy court filing. That’s quite a comment coming from the lawyer who cleaned up Enron’s bankruptcy two decades ago.FTX has spilled blood in the streets. But far more is likely to come, and this is no time to play bargain hunter. Yes, Bitcoin and other tokens have lost more than 20%. And stocks like Coinbase Global (ticker: COIN), Silvergate Capital (SI), and Grayscale Bitcoin Trust (GBTC) have been slammed. More than $200 billion has been wiped off token market value since FTX started cracking in early November.But nothing about this crisis indicates that it will end soon. Damage to the crypto ecosystem’s credibility is unquantifiable. And more fallout is likely as other trading platforms reveal exposures to FTX and related entities, potentially pushing down token prices, crypto-related stocks, and companies even more.Government investigations of FTX are just starting, and lawsuits are piling up. One is already targeting celebrities like Tom Brady, Larry David, and Stephen Curry for promoting FTX on its website and in a Super Bowl ad.“We knew crypto had a highly unstable value, and now we know the platforms for trading and storing them are unreliable,” says Cornell University economist Eswar Prasad, a leading digital-asset expert. “Even the basic requirement that assets can be kept securely is not met by crypto.”In Washington, calls for comprehensive crypto rules are intensifying, including a plea this past week from Treasury Secretary Janet Yellen; she said it’s “vital” to address the industry’s risks, protect consumers, and promote financial stability. “The dominoes aren’t done falling,” says Matt Hougan, chief investment officer of Bitwise Asset Management, a crypto index fund provider. “Contagion risk will keep people out of the market, and I don’t know what other shoe will drop.”One might draw two conclusions. The first is that crypto has sealed its own coffin as an asset class—proving beyond a reasonable doubt that it’s the “mother of all scams,” in the words of New York University economist Nouriel Roubini.The other possible conclusion is that crypto is simply proving itself irrelevant. A decade into its development, the technology has yet to make serious inroads into mainstream financial markets or commerce. The latest fiasco hasn’t dented broader financial markets. The S&P 500 index is up 3.7% since FTX fell apart. Spreads in yields between corporate bonds and Treasuries—another sign of stress—haven’t blown out like they did during the 2008-09 financial crisis.Hougan, for one, calls both conclusions silly. “One exchange engaging in bad activity doesn’t mean the end of crypto, blockchain technologies, or programmable money,” he says. Bitwise hasn’t seen meaningful outflows from its institutional clients, he adds, partly because they still believe in the technology and are willing to wait for this crisis to blow over.Others in the industry say there will be a silver lining: Regulation will finally kick in, preventing other blowups. “One of the bad outcomes that could come here is conflating clear examples of human misconduct with the technology,” says Dante Disparte, chief strategy officer of Circle, the company backing the $44 billionUSDC stablecoin. “It’s precisely because of something like this that we need to regulate the industry.”In short, crypto probably won’t die, but it won’t be the same in a post-FTX world. More than ever, it needs government supervision, audited financial statements, consumer protections, and transparency to survive and advance. Turning crypto into a regulated medium of exchange goes against the original libertarian ethos of Bitcoin—designed to avoid the strictures of government and corporate control. The industry may have little choice, however, if it wants to survive.The Collapse of a $32 Billion Empire and Its AftermathThis past week brought a flurry of revelations about potential malfeasance at Bahamas-based FTX. Corporate funds were used to buy homes in the Bahamas and other personal items for employees, Ray’s filing said, with no documentation of the transactions as loans. Expenses were filed in online chats, approved with personalized emojis.FTX didn’t keep appropriate books and records, Ray noted, and its unacceptable practices included the use of software “to conceal the misuse of customer funds.”How much money has been lost isn’t known. Ray noted an unauthorized transfer of $372 million of crypto and said someone had minted $300 million in unapproved tokens, diluting their value. The balance sheet has a hole of $8 billion to $10 billion, including $1 billion to $2 billion in customer assets that have gone missing, according to Reuters and other media reports. Bankman-Fried received a $1 billion loan from Alameda Research, his trading company, Ray said.More than a million customers, creditors, and investors in FTX and related entities are now trying to recoup funds. But even the jurisdiction of FTX’s remaining assets is in dispute. The Bahamas Securities Commission said on Thursday that it had directed the transfer of all FTX Digital Markets’ assets to a wallet it controls “for safekeeping,” a sign that jurisdictional battles over the bankruptcy could delay customer recoveries even further.Neither an FTX representative nor Bankman-Fried responded to requests for comment. Bankman-Fried has continued posting on Twitter, apologizing, explaining, and making sometimes bizarre comments. He “continues to make erratic and misleading public statements,” Ray said, citing a Twitter chat with a reporter where Bankman-Fried said, “F____ regulators they make everything worse.”Other crypto players are struggling to contain the fallout. High-yield lender BlockFi, itself the recipient of a bailout by Bankman-Fried, has frozen customer deposits. Genesis Global Capital, a large lender, stopped withdrawals, leading Gemini Trust, an exchange founded by the Winklevoss twins, with ties to Genesis, to do the same with its yield-paying accounts.“Genesis has been exploring all possible options and has been having positive conversations with potential investors,” a spokesperson said in a statement toBarron’s.Another casualty has been Grayscale Bitcoin Trust, the largest publicly traded Bitcoin fund with $10.5 billion worth of the token. The trust’s publicly traded security, GBTC, fell to a 40% discount to its underlying Bitcoin assets this past week. ARK Invest CEO Cathie Wood saw that as a bargain, buying more than 300,000 shares of GBTC for her ARK Next Generation Internet exchange-traded fund (ARKW). But GBTC’s discount reflects skepticism that Bitcoin isn’t done falling, and the discount could widen further due to forced-selling as more crypto entities come under pressure.Other exchanges are racing to reassure customers. Coinbase says it doesn’t take actions with customer assets without their permission. Crypto.com says it fully backs customer assets with reserves. Binance CEO Changpeng Zhao has tried to reassure customers of his exchange, the world’s largest by volume, while calling for other exchanges to publish “proof of reserves.”For now, the token market appears to be taking all of this in stride. Bitcoin’s price has dropped about 20%, and Ether’s price has fallen 24%. That’s not remarkable in the volatile token market, says The Wharton School of the University of Pennsylvania’s professor Kevin Werbach, who called for more crypto regulations in a Senate hearing last February, alongside Bankman-Fried. “If I told you to look at the trading chart of most cryptocurrencies and asked you to identify the period right after the most spectacular failure in the history of the space, you’d probably not pick this out,” Werbach says.Crypto Comes Crawling to D.C.As bulls see it, FTX’s failure will prompt Washington to pass comprehensive rules. Indeed, the best outcome may be crypto versions of Sarbanes-Oxley and Dodd-Frank—the sweeping rule changes for Wall Street that came after Enron’s collapse in 2002 and the 2008-09 financial crisis. Those rules included criminal liability for executives intentionally misstating accounting, new capital buffer requirements for banks, and far more consumer protections.U.S. policy makers are now redoubling efforts in crypto. In December, a House panel plans to hold a hearing on FTX. Next year, Congress is likely to consider bills that would require exchanges and brokerages to register with the Commodity Futures Trading Commission and/or the Securities and Exchange Commission. Regulators will also be under pressure to ensure that the FTX model of co-mingling customer assets with proprietary trading entities never happens again. That separation of assets is now a bedrock of equity broker/dealers and exchanges, but it’s often absent in crypto.Without guardrails, deep-pocketed investors like family offices and sovereign-wealth funds will stay away, says Monsur Hussain, global head of research for financial institutions at Fitch Ratings. “Some funds and family offices have liquidated at least part of their holdings until they see the dust settle,” he says.The White House also wants rules for stablecoins, which are used extensively for crypto banking and trading. Circle and other stablecoin companies have lobbied hard for rules. But the market itself has been shrinking, falling by $25 billion since peaking last May at $186 billion. “It would be difficult here to imagine a sustained recovery in crypto prices without the shrinkage of the stablecoin universe stopping,” wrote analysts at J.P. Morgan in a note.If there are winners in the fiasco, it may be companies that are already extensively regulated. Andrei Kazantsev, global head of crypto trading for Goldman Sachs, said at a conference that he’d seen a “flight to quality” from institutions seeking safe counterparties, instead of using unregulated exchanges and trading platforms.Yet Coinbase, a beneficiary of that flight to safety, faces new headwinds.Bank of America downgraded the stock to Neutral on Friday, citing “diminished confidence in the crypto ecosystem,” especially among the exchange’s core retail customer base. BofA also sees revenue risk to Coinbase if there’s “sustained further deterioration” in crypto asset prices, such as Bitcoin going to $10,000 from its recent $16,600.“How far does this go? As much I keep hoping things will get better, things keep getting worse,” says D.A. Davidson analyst Chris Brendler, who maintained a Buy on Coinbase.Some advisors say there’s no rush to get into crypto. “There’s nothing wrong with putting this in the ‘too hard’ pile,” says Meb Faber, CEO of Cambria Investment Management.FTX now appears likely to join Enron, Lehman, and Madoff in the pantheon of corporate failures. But the chaos it’s creating in crypto is no reason to buy the dip. “I don’t think this is a value opportunity,” says Deutsche Bank strategist Marion Laboure.","news_type":1},"isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989739912,"gmtCreate":1666078942336,"gmtModify":1676537702556,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"What is this post trying to infer? Value Vs 'EV&nbsp;Growth'?","listText":"What is this post trying to infer? Value Vs 'EV&nbsp;Growth'?","text":"What is this post trying to infer? Value Vs 'EV Growth'?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9989739912","repostId":"1148534626","repostType":4,"repost":{"id":"1148534626","kind":"news","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1666071333,"share":"https://ttm.financial/m/news/1148534626?lang=&edition=fundamental","pubTime":"2022-10-18 13:35","market":"us","language":"en","title":"Watch Out, Tesla. Berkshire Hathaway’s Market Cap Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1148534626","media":"Dow Jones","summary":"Watch out, Elon. Warren is gaining on you.With the sharp drop in shares of Tesla this year, the mark","content":"<html><head></head><body><p>Watch out, Elon. Warren is gaining on you.</p><p>With the sharp drop in shares of <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> this year, the market value of Berkshire Hathaway (BRK.A, BRK.B) is approaching that of the leader in electric vehicles.</p><p>Berkshire, led by longtime CEO Warren Buffett, is demonstrating its defensive attributes in a bear market with its class A share down about 7% this year to $419,000—against a nearly 25% decline in the S&amp;P 500 index.</p><p>Tesla stock is off 37.7% to $219.35 this year, reflecting some recent disappointment on vehicle deliveries and the sharp pullback in growth stocks. CEO Elon Musk’s pursuit of <a href=\"https://laohu8.com/S/TWTR\">Twitter </a> hasn’t helped. Berkshire sits on what Buffett, 92, calls a Fort Knox balance sheet with over $100 billion in cash and equivalents, mostly U.S. Treasury bills. Investors will be eager to see how much of that cash Buffett deployed in the second quarter when Berkshire reports financial results in early November.</p><p>Tesla closed at $219.35 on Monday, up 7.01% for the day, while Berkshire’s A shares closed at $419,100.8, up 1.54%.</p><p>Berkshire now has a market value of about $615 billion, against Tesla at $687 billion. At the start of 2022, Tesla was valued at $1.1 trillion, $450 billion more than Berkshire.</p><p><img src=\"https://static.tigerbbs.com/cc9770946eb0a11a079ea273c93ef002\" tg-width=\"957\" tg-height=\"653\" referrerpolicy=\"no-referrer\"/>Berkshire already has blown past flagging <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> and <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> this year to rank sixth in the S&amp;P 500 by market value. Berkshire is behind <a href=\"https://laohu8.com/S/AAPL\">Apple </a>, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a>, and <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>. Shares of Meta and Nvidia, which outranked Berkshire in the S&amp;P 500 at the beginning of 2022, are both down about 60% this year.</p><p>If it can get past Tesla, Berkshire will be hard pressed to catch the No. 4 company, Amazon, which is valued at more than $1 trillion.</p><p>Berkshire’s resilience this year shows the benefits of Buffett’s methodical approach to building value over more than a half-century while providing sleep-at-night comfort to shareholders.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Watch Out, Tesla. Berkshire Hathaway’s Market Cap Surges</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\">\nWatch Out, Tesla. Berkshire Hathaway’s Market Cap Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\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\">2022-10-18 13:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Watch out, Elon. Warren is gaining on you.</p><p>With the sharp drop in shares of <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> this year, the market value of Berkshire Hathaway (BRK.A, BRK.B) is approaching that of the leader in electric vehicles.</p><p>Berkshire, led by longtime CEO Warren Buffett, is demonstrating its defensive attributes in a bear market with its class A share down about 7% this year to $419,000—against a nearly 25% decline in the S&amp;P 500 index.</p><p>Tesla stock is off 37.7% to $219.35 this year, reflecting some recent disappointment on vehicle deliveries and the sharp pullback in growth stocks. CEO Elon Musk’s pursuit of <a href=\"https://laohu8.com/S/TWTR\">Twitter </a> hasn’t helped. Berkshire sits on what Buffett, 92, calls a Fort Knox balance sheet with over $100 billion in cash and equivalents, mostly U.S. Treasury bills. Investors will be eager to see how much of that cash Buffett deployed in the second quarter when Berkshire reports financial results in early November.</p><p>Tesla closed at $219.35 on Monday, up 7.01% for the day, while Berkshire’s A shares closed at $419,100.8, up 1.54%.</p><p>Berkshire now has a market value of about $615 billion, against Tesla at $687 billion. At the start of 2022, Tesla was valued at $1.1 trillion, $450 billion more than Berkshire.</p><p><img src=\"https://static.tigerbbs.com/cc9770946eb0a11a079ea273c93ef002\" tg-width=\"957\" tg-height=\"653\" referrerpolicy=\"no-referrer\"/>Berkshire already has blown past flagging <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> and <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> this year to rank sixth in the S&amp;P 500 by market value. Berkshire is behind <a href=\"https://laohu8.com/S/AAPL\">Apple </a>, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a>, and <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>. Shares of Meta and Nvidia, which outranked Berkshire in the S&amp;P 500 at the beginning of 2022, are both down about 60% this year.</p><p>If it can get past Tesla, Berkshire will be hard pressed to catch the No. 4 company, Amazon, which is valued at more than $1 trillion.</p><p>Berkshire’s resilience this year shows the benefits of Buffett’s methodical approach to building value over more than a half-century while providing sleep-at-night comfort to shareholders.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148534626","content_text":"Watch out, Elon. Warren is gaining on you.With the sharp drop in shares of Tesla this year, the market value of Berkshire Hathaway (BRK.A, BRK.B) is approaching that of the leader in electric vehicles.Berkshire, led by longtime CEO Warren Buffett, is demonstrating its defensive attributes in a bear market with its class A share down about 7% this year to $419,000—against a nearly 25% decline in the S&P 500 index.Tesla stock is off 37.7% to $219.35 this year, reflecting some recent disappointment on vehicle deliveries and the sharp pullback in growth stocks. CEO Elon Musk’s pursuit of Twitter  hasn’t helped. Berkshire sits on what Buffett, 92, calls a Fort Knox balance sheet with over $100 billion in cash and equivalents, mostly U.S. Treasury bills. Investors will be eager to see how much of that cash Buffett deployed in the second quarter when Berkshire reports financial results in early November.Tesla closed at $219.35 on Monday, up 7.01% for the day, while Berkshire’s A shares closed at $419,100.8, up 1.54%.Berkshire now has a market value of about $615 billion, against Tesla at $687 billion. At the start of 2022, Tesla was valued at $1.1 trillion, $450 billion more than Berkshire.Berkshire already has blown past flagging Meta Platforms and Nvidia this year to rank sixth in the S&P 500 by market value. Berkshire is behind Apple , Microsoft, Alphabet, Amazon.com, and Tesla. Shares of Meta and Nvidia, which outranked Berkshire in the S&P 500 at the beginning of 2022, are both down about 60% this year.If it can get past Tesla, Berkshire will be hard pressed to catch the No. 4 company, Amazon, which is valued at more than $1 trillion.Berkshire’s resilience this year shows the benefits of Buffett’s methodical approach to building value over more than a half-century while providing sleep-at-night comfort to shareholders.","news_type":1},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917876914,"gmtCreate":1665489592039,"gmtModify":1676537615156,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"When bond yield rises, it also means the bond price is falling... It will come a point where the yield returns can't compensate for the fall in price. Isn't the reason why most boe&nbsp;is buying their own country bonds to support the falling price","listText":"When bond yield rises, it also means the bond price is falling... It will come a point where the yield returns can't compensate for the fall in price. Isn't the reason why most boe&nbsp;is buying their own country bonds to support the falling price","text":"When bond yield rises, it also means the bond price is falling... It will come a point where the yield returns can't compensate for the fall in price. Isn't the reason why most boe is buying their own country bonds to support the falling price","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917876914","repostId":"1114821355","repostType":4,"repost":{"id":"1114821355","kind":"news","pubTimestamp":1665479073,"share":"https://ttm.financial/m/news/1114821355?lang=&edition=fundamental","pubTime":"2022-10-11 17:04","market":"other","language":"en","title":"Bond Yields Hit 4%; U.S. Stock Futures Fall","url":"https://stock-news.laohu8.com/highlight/detail?id=1114821355","media":"Wall Street Journal","summary":"U.S. stock futures put major indexes on track to extend declines from the start of the week, while T","content":"<html><head></head><body><p>U.S. stock futures put major indexes on track to extend declines from the start of the week, while Treasury yields ticked higher as the U.S. bond market returned from a holiday.</p><p>S&amp;P 500 futures fell 0.93% and futures tied to the Dow Jones Industrial Average slipped 0.83%. Changes in equity futures don&#39;t necessarily predict market moves after the markets open.</p><p>Europe stocks declined Tuesday for a five-day losing streak. The Stoxx Europe 600 was down 0.8% in morning trade dragged down by declines in financials and materials sectors.</p><p>Rio Tinto Group fell 2.8% and Prudential declined 2.5%.</p><p>The U.K.&#39;s FTSE 100 was 0.8% lower. Other stock indexes in Europe also mostly slipped as France&#39;s CAC 40 shed 0.8%, the U.K.&#39;s FTSE 250 lost 0.7% and Germany&#39;s DAX was down 0.8%.</p><p>The British pound depreciated 0.2% against the U.S. dollar, with 1 pound buying $1.10. Meanwhile, the Swiss franc and the euro were flat against the dollar.</p><p>In commodities, Brent crude fell 2.29% to $94.04 a barrel. Gold also fell 0.13% to $1,673 a troy ounce.</p><p>Both VIX and VIXmain rose 2.96% and 1.56% separately.</p><p>The yield on German 10-year bunds declined to 2.305% and the U.K. 10-year gilt yield declined to 4.377%. The 10-year U.S. Treasury yield was up to 3.966% on Tuesday from 3.883% on Friday. Bond yields move inversely to prices.</p><p>In Asia, indexes were mixed as China&#39;s benchmark Shanghai Composite climbed 0.2%, whereas Hong Kong&#39;s Hang Seng shed 2% and Japan&#39;s Nikkei 225 index fell 2.6%.</p></body></html>","source":"wsj_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>Bond Yields Hit 4%; U.S. Stock Futures Fall</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\">\nBond Yields Hit 4%; U.S. Stock Futures Fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-11 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/livecoverage/stock-market-news-today-2022-10-11><strong>Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock futures put major indexes on track to extend declines from the start of the week, while Treasury yields ticked higher as the U.S. bond market returned from a holiday.S&P 500 futures fell ...</p>\n\n<a href=\"https://www.wsj.com/livecoverage/stock-market-news-today-2022-10-11\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VIX":"标普500波动率指数"},"source_url":"https://www.wsj.com/livecoverage/stock-market-news-today-2022-10-11","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114821355","content_text":"U.S. stock futures put major indexes on track to extend declines from the start of the week, while Treasury yields ticked higher as the U.S. bond market returned from a holiday.S&P 500 futures fell 0.93% and futures tied to the Dow Jones Industrial Average slipped 0.83%. Changes in equity futures don't necessarily predict market moves after the markets open.Europe stocks declined Tuesday for a five-day losing streak. The Stoxx Europe 600 was down 0.8% in morning trade dragged down by declines in financials and materials sectors.Rio Tinto Group fell 2.8% and Prudential declined 2.5%.The U.K.'s FTSE 100 was 0.8% lower. Other stock indexes in Europe also mostly slipped as France's CAC 40 shed 0.8%, the U.K.'s FTSE 250 lost 0.7% and Germany's DAX was down 0.8%.The British pound depreciated 0.2% against the U.S. dollar, with 1 pound buying $1.10. Meanwhile, the Swiss franc and the euro were flat against the dollar.In commodities, Brent crude fell 2.29% to $94.04 a barrel. Gold also fell 0.13% to $1,673 a troy ounce.Both VIX and VIXmain rose 2.96% and 1.56% separately.The yield on German 10-year bunds declined to 2.305% and the U.K. 10-year gilt yield declined to 4.377%. The 10-year U.S. Treasury yield was up to 3.966% on Tuesday from 3.883% on Friday. Bond yields move inversely to prices.In Asia, indexes were mixed as China's benchmark Shanghai Composite climbed 0.2%, whereas Hong Kong's Hang Seng shed 2% and Japan's Nikkei 225 index fell 2.6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157159199,"gmtCreate":1625574394811,"gmtModify":1703744040745,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AJBU.SI\">$KEPPEL DC REIT(AJBU.SI)$</a>this REIT has one of the highest interest coverage compare to peers. Unless its interest coverage&nbsp;falls abruptly, then there is a need to start evaluating this counter.&nbsp;","listText":"<a href=\"https://laohu8.com/S/AJBU.SI\">$KEPPEL DC REIT(AJBU.SI)$</a>this REIT has one of the highest interest coverage compare to peers. Unless its interest coverage&nbsp;falls abruptly, then there is a need to start evaluating this counter.&nbsp;","text":"$KEPPEL DC REIT(AJBU.SI)$this REIT has one of the highest interest coverage compare to peers. Unless its interest coverage falls abruptly, then there is a need to start evaluating this counter.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/157159199","isVote":1,"tweetType":1,"viewCount":3,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121062315,"gmtCreate":1624445140337,"gmtModify":1703836875735,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/I07.SI\">$ISDN HOLDINGS LIMITED(I07.SI)$</a> next resistance at previous high of 70 cents. Let's go","listText":"<a href=\"https://laohu8.com/S/I07.SI\">$ISDN HOLDINGS LIMITED(I07.SI)$</a> next resistance at previous high of 70 cents. Let's go","text":"$ISDN HOLDINGS LIMITED(I07.SI)$ next resistance at previous high of 70 cents. Let's go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121062315","isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238891067777024,"gmtCreate":1699360427589,"gmtModify":1699360432749,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"Enjoying the game and having fun","listText":"Enjoying the game and having fun","text":"Enjoying the game and having fun","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/238891067777024","isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952655939,"gmtCreate":1674705148521,"gmtModify":1676538954119,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CRPU.SI\">$SASSEUR REIT(CRPU.SI)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/CRPU.SI\">$SASSEUR REIT(CRPU.SI)$ &nbsp;</a>","text":"$SASSEUR REIT(CRPU.SI)$","images":[{"img":"https://community-static.tradeup.com/news/a6df9da2ce65807fac0f02ba6c731372","width":"1080","height":"2111"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952655939","isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9924124524,"gmtCreate":1672201860469,"gmtModify":1676538651851,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CRPU.SI\">$SASSEUR REIT(CRPU.SI)$ &nbsp;</a>buy","listText":"<a href=\"https://ttm.financial/S/CRPU.SI\">$SASSEUR REIT(CRPU.SI)$ &nbsp;</a>buy","text":"$SASSEUR REIT(CRPU.SI)$ buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924124524","isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987451381,"gmtCreate":1667970855644,"gmtModify":1676537992619,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569215424377171","authorIdStr":"3569215424377171"},"themes":[],"htmlText":"When human capital becomes portfolios like&nbsp;being actively re-balanced or managed","listText":"When human capital becomes portfolios like&nbsp;being actively re-balanced or managed","text":"When human capital becomes portfolios like being actively re-balanced or managed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987451381","repostId":"2282910619","repostType":4,"repost":{"id":"2282910619","kind":"highlight","pubTimestamp":1667958623,"share":"https://ttm.financial/m/news/2282910619?lang=&edition=fundamental","pubTime":"2022-11-09 09:50","market":"us","language":"en","title":"Salesforce Cuts Hundreds of Sales Workers on \"Accountability\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2282910619","media":"Bloomberg","summary":"Software giant is focusing on margins in a souring tech marketCompany has almost tripled the number ","content":"<html><head></head><body><ul><li>Software giant is focusing on margins in a souring tech market</li><li>Company has almost tripled the number of employees since 2017</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb3ac1bffa8fda43b8613c01a0347fbd\" tg-width=\"1000\" tg-height=\"661\" referrerpolicy=\"no-referrer\"/><span>The Salesforce Tower in San Francisco.Photographer: David Paul Morris/Bloomberg</span></p><p>Salesforce Inc. has cut hundreds of workers from sales teams, seeking to improve profitability while facing slowing demand for its software products in a choppy economy.</p><p>“Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition,” a Salesforce spokesperson said Tuesday in a statement.</p><p>Salesforce, the largest private-sector employer in its hometown of San Francisco, has almost tripled its workforce in the past five years, in large part through dozens of acquisitions, and reported 78,634 employees as of July 31. After years of focusing on revenue growth, the company has pivoted and turned its attention to a new profit margin target of 25% by 2026.</p><p>Last month, activist investor Starboard Value disclosed a stake in the company, saying the top maker of customer management software was falling behind its peers due to issues with translating growth into profitability. Starboard said Salesforce’s new financial targets are a step in the right direction, but are less ambitious than those of the company’s rivals, including <a href=\"https://laohu8.com/S/NOW\">ServiceNow</a> Inc. and <a href=\"https://laohu8.com/S/WDAY\">Workday</a> Inc.</p><p>In recent weeks, tech companies including <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc. and Amazon.com Inc. have said they will pause hiring or reduce jobs in the face of slowing customer spending, higher inflation and a strong dollar that hurts overseas sales.</p><p>Protocol earlier reported the job cuts at Salesforce, saying that company is planning to fire about 2,000 people “or more,” likely before Thanksgiving. Salesforce declined to comment on any future cuts.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Salesforce Cuts Hundreds of Sales Workers on \"Accountability\"</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\">\nSalesforce Cuts Hundreds of Sales Workers on \"Accountability\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-09 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-08/salesforce-cuts-hundreds-of-sales-workers-on-accountability><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Software giant is focusing on margins in a souring tech marketCompany has almost tripled the number of employees since 2017The Salesforce Tower in San Francisco.Photographer: David Paul Morris/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-08/salesforce-cuts-hundreds-of-sales-workers-on-accountability\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRM":"赛富时"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-08/salesforce-cuts-hundreds-of-sales-workers-on-accountability","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2282910619","content_text":"Software giant is focusing on margins in a souring tech marketCompany has almost tripled the number of employees since 2017The Salesforce Tower in San Francisco.Photographer: David Paul Morris/BloombergSalesforce Inc. has cut hundreds of workers from sales teams, seeking to improve profitability while facing slowing demand for its software products in a choppy economy.“Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition,” a Salesforce spokesperson said Tuesday in a statement.Salesforce, the largest private-sector employer in its hometown of San Francisco, has almost tripled its workforce in the past five years, in large part through dozens of acquisitions, and reported 78,634 employees as of July 31. After years of focusing on revenue growth, the company has pivoted and turned its attention to a new profit margin target of 25% by 2026.Last month, activist investor Starboard Value disclosed a stake in the company, saying the top maker of customer management software was falling behind its peers due to issues with translating growth into profitability. Starboard said Salesforce’s new financial targets are a step in the right direction, but are less ambitious than those of the company’s rivals, including ServiceNow Inc. and Workday Inc.In recent weeks, tech companies including Meta Platforms Inc. and Amazon.com Inc. have said they will pause hiring or reduce jobs in the face of slowing customer spending, higher inflation and a strong dollar that hurts overseas sales.Protocol earlier reported the job cuts at Salesforce, saying that company is planning to fire about 2,000 people “or more,” likely before Thanksgiving. Salesforce declined to comment on any future cuts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}