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2021-02-08

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Carmakers have been hit hard by a global chip shortage — here’s why

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lockdowns.Now, many of these products — including ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/08/carmakers-have-been-hit-hard-by-a-global-chip-shortage-heres-why-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","SSNLF":"三星电子",".IXIC":"NASDAQ Composite","VLKAY":"大众汽车","F":"福特汽车",".SPX":"S&P 500 Index","TSM":"台积电",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/02/08/carmakers-have-been-hit-hard-by-a-global-chip-shortage-heres-why-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1193450954","content_text":"KEY POINTSDemand for these chips has soared during the coronavirus pandemic as people snapped up games consoles, laptops and TVs to help get through lockdowns.Now, many of these products — including certain Chromebook laptops and next-generation consoles like the Xbox Series X and the PlayStation 5 — are sold out, or subject to lengthy shipping times.It’s just one of a number of factors that has driven demand for semiconductors, but as supply struggles to keep up, it’s the chip-reliant car industry that has been hit especially hard.Silicon chips are the lifeblood of the tech-obsessed world we live in, but today they’re in short supply.Demand for these chips, or semiconductors, has soared during the coronavirus pandemic as people snapped up games consoles, laptops and TVs to help get through lockdowns. Now, many of these products — including certain Chromebook laptops and next-generation consoles like the Xbox Series X and the PlayStation 5 — are sold out, or subject to lengthy shipping times.It’s just one of a number of factors that has driven demand for semiconductors, but as supply struggles to keep up, it’s the chip-reliant car industry that has been hit especially hard.“We have seen in the short term, the automotive industry has been very adversely affected,” Bryce Johnstone, director of automotive segment marketing at chip designer Imagination Technologies, told CNBC via email. “This stems from their just-in-time production methodology and their incredibly complicated supply chains.”Carmakers uses semiconductors in everything from power steering and brake sensors, to entertainment systems and parking cameras. The smarter cars get, the more chips they use.“If the chip that powers the in-car dials or automatic braking are delayed, then so will the rest of the vehicle,” said Johnstone.Closed car plantsU.S. car giant General Motorsannounced last Wednesdaythat it is shutting three plants and slowing production at a fourth due to the semiconductor shortage. The Detroit car manufacturer said it could miss its 2021 targets as a result.“Despite our mitigation efforts, the semiconductor shortage will impact GM production in 2021,” a company spokesman said in a statement.“Semiconductor supply for the global auto industry remains very fluid,” they added. “Our supply chain organization is working closely with our supply base to find solutions for our suppliers’ semiconductor requirements and to mitigate impacts on GM.”Several other car manufacturers have also put production on hold in recent weeks. Honda U.K.’s main plant in Swindon wasshut down for several dayslast month due to a chip shortage, for example. Elsewhere, Ford and Volkswagen have also shut plants or cut production while they wait for supplies to pick up.Ford said in January that it wasshutting a factory in Germany for a month, while Volkswagen said in December it willmake 100,000 fewer carsthis quarter as a result of the shortage.Speaking about the chip shortage on a Davos panel on Jan. 25, VW CEO Herbert Diess said: “We have to make sure that the markets and supply chains remain intact.”Swings in demand; long lead timesFalan Yinug, director of industry statistics and economic policy at the Semiconductor Industry Association, says the chip shortage in the automotive industry is largely the result of substantial swings in demand due to the pandemic and the increased use of semiconductors in advanced vehicles.“The events leading to the current auto chip shortage began during the second quarter of 2020, when automakers understandably reduced production and chip purchases as the virus spread across the globe,” Yinug wrote ina bloglast Thursday.At the same time, chipmakers saw a pickup in demand for semiconductors used to support remote healthcare, work-at-home, and virtual learning, which were required during the pandemic, according to Yinug.“In the months that followed, demand for automotive semiconductors rallied much more quickly than most anticipated,” Yinug said.“The clear decrease in monthly year-over-year (YoY) sales growth for application-specific chips used in the automotive market was sudden and precipitous in March and April, when the pandemic was shuttering auto plants globally. Equally as pronounced was the rapid recovery in YoY sales during Q3 and Q4 (third and fourth quarters). In fact, monthly YoY Q4 sales had recovered to be positive again.”The semiconductor industry has been trying to ramp up production but Yinug said the supply-demand imbalance cannot be remedied with the flip of a switch.“Making a semiconductor is one of the most complex manufacturing processes,” he said. “Lead times of up to 26 weeks are the norm in the industry to produce a finished chip. Most industry analysts believe the current short-term supply shortage will ease in the coming months as supply adjusts to meet demand.”Cost conscious industryHermann Hauser, the co-founder of British chip designer Arm, told CNBC that the automotive industry has been hurt the most because it is “incredibly cost conscious.”“When the chip industry decides should we allocate our capacity to the car industry or the telecoms industry or the server industry, it’s an easy decision,” he said. “Go for the server industry because their gross margins are so much better. That’s why the car industry is in a particularly tight spot.”Hauser said there isn’t enough competition in the semiconductor manufacturing market, pointing to the fact that it has a very high Herfindahl–Hirschman index, which measures market concentration in a specific industry. It is calculated by squaring the market share of each company competing in a market and then adding the resulting numbers.For example, chip manufacturers have battled it out to build the smallest chips possible over the years, but only a couple of companies can create the new five nanometer (or 5nm) chips on a commercial level.“Samsung and TSMC are the only two semiconductor companies in the world that have a working 5nm process,” he said. “It’s just too high a concentration.”One of the reasons there are so few 5nm chip manufacturing plants is because they’re expensive, according to Hauser. Building something so small requires hi-tech equipment that isn’t cheap.Expanding factoriesNewport Wafer Fab in South Wales, Britain’s largest chip factory,raised over £50 million($68 million) in January to try and cash in on the global semiconductor supply shortage.It said it would use the funding to almost double the number of chip wafers — thin slices of a semiconductor — it makes from 8,000 to 14,000, according to The Telegraph newspaper. The company did not immediately respond to CNBC’s request for comment.Newport Wafer Fab Chairman Drew Nelson reportedly said demand had “absolutely skyrocketed” in the last three months, fueled by both the global shortage and the rise of electric cars.","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":311589178,"gmtCreate":1611813017794,"gmtModify":1704863800400,"author":{"id":"3572180042681583","authorId":"3572180042681583","name":"Angshen","avatar":"https://static.tigerbbs.com/89c6cb9e955ecdd4540a16c9f2d340f1","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572180042681583","authorIdStr":"3572180042681583"},"themes":[],"htmlText":"Good stock to hold ?","listText":"Good stock to hold ?","text":"Good stock to hold ?","images":[{"img":"https://static.tigerbbs.com/bbc294972b863a22ee227e649cd7f833","width":"750","height":"2193"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/311589178","isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":311390644,"gmtCreate":1611761358388,"gmtModify":1704863116661,"author":{"id":"3572180042681583","authorId":"3572180042681583","name":"Angshen","avatar":"https://static.tigerbbs.com/89c6cb9e955ecdd4540a16c9f2d340f1","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572180042681583","authorIdStr":"3572180042681583"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/311390644","repostId":"2106235148","repostType":2,"repost":{"id":"2106235148","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1611764339,"share":"https://ttm.financial/m/news/2106235148?lang=&edition=fundamental","pubTime":"2021-01-28 00:18","market":"hk","language":"en","title":"Mid-Morning Market Update: Markets Open Lower; AT&T Beats Q4 Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=2106235148","media":"Benzinga","summary":"Following the market opening Wednesday, the Dow traded down 1.40% to 30,504.14 while the NASDAQ fell 1.15% to 13,469.56. The S&amp;P also fell, dropping 1.38% to 3,796.31.","content":"<html><body><p>Following the market opening Wednesday, the Dow traded down 1.40% to 30,504.14 while the NASDAQ fell 1.15% to 13,469.56. The S&amp;P also fell, dropping 1.38% to 3,796.31.</p>\n<p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 25,443,870 cases with around 425,220 deaths. India confirmed a total of at least 10,689,520 confirmed cases and 153,720 deaths, while Brazil reported over 8,933,350 COVID-19 cases with 218,870 deaths. In total, there were at least 100,348,780 cases of COVID-19 worldwide with over 2,160,150 deaths, according to data compiled by Johns Hopkins University.</p>\n<p><strong>Leading and Lagging Sectors</strong></p>\n<p>\r\nInformation technology shares slipped by 0.3% on Wednesday. Meanwhile, top gainers in the sector included <strong> Eastman Kodak Company</strong> (NYSE:KODK), up 16%, and <strong> <a href=\"https://laohu8.com/S/APPN\">Appian Corp</a></strong> (NASDAQ:APPN), up 12%.</p>\n<p>\r\nIn trading on Wednesday, materials shares dipped 3.5%.</p>\n<p>\n<strong>Top Headline</strong></p>\n<p><strong>AT&amp;T Inc.</strong> (NYSE:T) reported better-than-expected results for its fourth quarter.</p>\n<p>AT&amp;T reported quarterly earnings of $0.75 per share, beating analysts’ expectations of $0.73 per share. The company posted revenue of $45.70 billion, versus estimates of $44.55 billion.</p>\n<p>\n<strong>Equities Trading UP</strong></p>\n<p>\n<strong>AMC Entertainment Holdings, Inc.</strong> (NYSE:AMC) shares shot up 200% to $14.86 amid continued momentum driven by retail investor interest in the stock.</p>\n<p>\r\nShares of <strong> <a href=\"https://laohu8.com/S/EXPR\">Express</a>, Inc.</strong> (NYSE:EXPR) got a boost, shooting 118% to $6.64 amid continued momentum driven by retail investor interest in the stock.</p>\n<p>\n<strong>GameStop Corp.</strong> (NYSE:GME) shares were also up, gaining 74% to $257.77 amid continued momentum driven by retail investor interest in the stock. The company’s stock jumped around 93% on Tuesday.</p>\n<p>\n<em>Check out these big movers of the day</em></p>\n<p>\n<strong>Equities Trading DOWN</strong></p>\n<p><strong>EZGO Technologies Ltd.</strong> (NASDAQ:EZGO) shares tumbled 27% to $13.24. EZGO Technologies shares jumped around 353% on Tuesday after the company reported pricing of its firm commitment IPO of 2,800,000 shares at $4.00 per share.</p>\n<p>Shares of <strong> Pitney Bowes Inc.</strong> (NYSE:PBI) were down 24% to $10.428. Pitney Bowes shares gained 81% on Tuesday after Seeking Alpha published an article titled 'Pitney Bowes - Already Transformed And Set To Shock Market.'</p>\n<p><strong><a href=\"https://laohu8.com/S/GLBS\">Globus Maritime Limited</a></strong> (NASDAQ:GLBS) was down, falling 22% to $5.43 after the company announced pricing of $16.3 million registered direct offering at $6.25 per share.</p>\n<p>\n<strong>Commodities</strong></p>\n<p>\r\nIn commodity news, oil traded up 0.5% to $52.86, while gold traded down 0.5% to $1,841.70.</p>\n<p>\r\nSilver traded down 0.9% Wednesday to $25.315 while copper fell 0.5% to $3.60.</p>\n<p>\n<strong>Euro zone</strong></p>\n<p>European shares were lower today. The eurozone’s STOXX 600 fell 0.7%, the Spanish Ibex Index fell 0.7% and the German DAX 30 dropped 0.9%. Meanwhile, the French CAC 40 declined 0.8%, London’s FTSE 100 fell 0.7% and Italy’s FTSE MIB dipped 1.2%.</p>\n<p>Consumer confidence in France slipped to 92 in January versus 95 in December, while Germany’s consumer climate indicator fell to an eight-month low reading of -15.6 for February.</p>\n<p>\n<strong>Economics</strong></p>\n<p>US n durable goods orders rose 0.2% in December versus a revised 1.2% growth in the prior month.</p>\n<p>\r\nThe Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.</p>\n<p>\r\nThe Federal Reserve will announce its latest policy decision at 2:00 p.m. ET.</p>\n<p>\r\nThe Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.</p>\n<p><em>Check out the full economic calendar here </em></p>\n</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>Mid-Morning Market Update: Markets Open Lower; AT&T Beats Q4 Estimates</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\">\nMid-Morning Market Update: Markets Open Lower; AT&T Beats Q4 Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-01-28 00:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Following the market opening Wednesday, the Dow traded down 1.40% to 30,504.14 while the NASDAQ fell 1.15% to 13,469.56. The S&amp;P also fell, dropping 1.38% to 3,796.31.</p>\n<p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 25,443,870 cases with around 425,220 deaths. India confirmed a total of at least 10,689,520 confirmed cases and 153,720 deaths, while Brazil reported over 8,933,350 COVID-19 cases with 218,870 deaths. In total, there were at least 100,348,780 cases of COVID-19 worldwide with over 2,160,150 deaths, according to data compiled by Johns Hopkins University.</p>\n<p><strong>Leading and Lagging Sectors</strong></p>\n<p>\r\nInformation technology shares slipped by 0.3% on Wednesday. Meanwhile, top gainers in the sector included <strong> Eastman Kodak Company</strong> (NYSE:KODK), up 16%, and <strong> <a href=\"https://laohu8.com/S/APPN\">Appian Corp</a></strong> (NASDAQ:APPN), up 12%.</p>\n<p>\r\nIn trading on Wednesday, materials shares dipped 3.5%.</p>\n<p>\n<strong>Top Headline</strong></p>\n<p><strong>AT&amp;T Inc.</strong> (NYSE:T) reported better-than-expected results for its fourth quarter.</p>\n<p>AT&amp;T reported quarterly earnings of $0.75 per share, beating analysts’ expectations of $0.73 per share. The company posted revenue of $45.70 billion, versus estimates of $44.55 billion.</p>\n<p>\n<strong>Equities Trading UP</strong></p>\n<p>\n<strong>AMC Entertainment Holdings, Inc.</strong> (NYSE:AMC) shares shot up 200% to $14.86 amid continued momentum driven by retail investor interest in the stock.</p>\n<p>\r\nShares of <strong> <a href=\"https://laohu8.com/S/EXPR\">Express</a>, Inc.</strong> (NYSE:EXPR) got a boost, shooting 118% to $6.64 amid continued momentum driven by retail investor interest in the stock.</p>\n<p>\n<strong>GameStop Corp.</strong> (NYSE:GME) shares were also up, gaining 74% to $257.77 amid continued momentum driven by retail investor interest in the stock. The company’s stock jumped around 93% on Tuesday.</p>\n<p>\n<em>Check out these big movers of the day</em></p>\n<p>\n<strong>Equities Trading DOWN</strong></p>\n<p><strong>EZGO Technologies Ltd.</strong> (NASDAQ:EZGO) shares tumbled 27% to $13.24. EZGO Technologies shares jumped around 353% on Tuesday after the company reported pricing of its firm commitment IPO of 2,800,000 shares at $4.00 per share.</p>\n<p>Shares of <strong> Pitney Bowes Inc.</strong> (NYSE:PBI) were down 24% to $10.428. Pitney Bowes shares gained 81% on Tuesday after Seeking Alpha published an article titled 'Pitney Bowes - Already Transformed And Set To Shock Market.'</p>\n<p><strong><a href=\"https://laohu8.com/S/GLBS\">Globus Maritime Limited</a></strong> (NASDAQ:GLBS) was down, falling 22% to $5.43 after the company announced pricing of $16.3 million registered direct offering at $6.25 per share.</p>\n<p>\n<strong>Commodities</strong></p>\n<p>\r\nIn commodity news, oil traded up 0.5% to $52.86, while gold traded down 0.5% to $1,841.70.</p>\n<p>\r\nSilver traded down 0.9% Wednesday to $25.315 while copper fell 0.5% to $3.60.</p>\n<p>\n<strong>Euro zone</strong></p>\n<p>European shares were lower today. The eurozone’s STOXX 600 fell 0.7%, the Spanish Ibex Index fell 0.7% and the German DAX 30 dropped 0.9%. Meanwhile, the French CAC 40 declined 0.8%, London’s FTSE 100 fell 0.7% and Italy’s FTSE MIB dipped 1.2%.</p>\n<p>Consumer confidence in France slipped to 92 in January versus 95 in December, while Germany’s consumer climate indicator fell to an eight-month low reading of -15.6 for February.</p>\n<p>\n<strong>Economics</strong></p>\n<p>US n durable goods orders rose 0.2% in December versus a revised 1.2% growth in the prior month.</p>\n<p>\r\nThe Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.</p>\n<p>\r\nThe Federal Reserve will announce its latest policy decision at 2:00 p.m. ET.</p>\n<p>\r\nThe Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.</p>\n<p><em>Check out the full economic calendar here </em></p>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站","EZGO":"易电行","APPN":"Appian Corp","EXPR":"Express, Inc.","GLBS":"Globus Maritime Limited","T":"美国电话电报","PBI":"必能宝","KODK":"柯达"},"source_url":"https://www.benzinga.com/node/19346610","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2106235148","content_text":"Following the market opening Wednesday, the Dow traded down 1.40% to 30,504.14 while the NASDAQ fell 1.15% to 13,469.56. The S&P also fell, dropping 1.38% to 3,796.31.\nThe U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 25,443,870 cases with around 425,220 deaths. India confirmed a total of at least 10,689,520 confirmed cases and 153,720 deaths, while Brazil reported over 8,933,350 COVID-19 cases with 218,870 deaths. In total, there were at least 100,348,780 cases of COVID-19 worldwide with over 2,160,150 deaths, according to data compiled by Johns Hopkins University.\nLeading and Lagging Sectors\n\r\nInformation technology shares slipped by 0.3% on Wednesday. Meanwhile, top gainers in the sector included  Eastman Kodak Company (NYSE:KODK), up 16%, and  Appian Corp (NASDAQ:APPN), up 12%.\n\r\nIn trading on Wednesday, materials shares dipped 3.5%.\n\nTop Headline\nAT&T Inc. (NYSE:T) reported better-than-expected results for its fourth quarter.\nAT&T reported quarterly earnings of $0.75 per share, beating analysts’ expectations of $0.73 per share. The company posted revenue of $45.70 billion, versus estimates of $44.55 billion.\n\nEquities Trading UP\n\nAMC Entertainment Holdings, Inc. (NYSE:AMC) shares shot up 200% to $14.86 amid continued momentum driven by retail investor interest in the stock.\n\r\nShares of  Express, Inc. (NYSE:EXPR) got a boost, shooting 118% to $6.64 amid continued momentum driven by retail investor interest in the stock.\n\nGameStop Corp. (NYSE:GME) shares were also up, gaining 74% to $257.77 amid continued momentum driven by retail investor interest in the stock. The company’s stock jumped around 93% on Tuesday.\n\nCheck out these big movers of the day\n\nEquities Trading DOWN\nEZGO Technologies Ltd. (NASDAQ:EZGO) shares tumbled 27% to $13.24. EZGO Technologies shares jumped around 353% on Tuesday after the company reported pricing of its firm commitment IPO of 2,800,000 shares at $4.00 per share.\nShares of  Pitney Bowes Inc. (NYSE:PBI) were down 24% to $10.428. Pitney Bowes shares gained 81% on Tuesday after Seeking Alpha published an article titled 'Pitney Bowes - Already Transformed And Set To Shock Market.'\nGlobus Maritime Limited (NASDAQ:GLBS) was down, falling 22% to $5.43 after the company announced pricing of $16.3 million registered direct offering at $6.25 per share.\n\nCommodities\n\r\nIn commodity news, oil traded up 0.5% to $52.86, while gold traded down 0.5% to $1,841.70.\n\r\nSilver traded down 0.9% Wednesday to $25.315 while copper fell 0.5% to $3.60.\n\nEuro zone\nEuropean shares were lower today. The eurozone’s STOXX 600 fell 0.7%, the Spanish Ibex Index fell 0.7% and the German DAX 30 dropped 0.9%. Meanwhile, the French CAC 40 declined 0.8%, London’s FTSE 100 fell 0.7% and Italy’s FTSE MIB dipped 1.2%.\nConsumer confidence in France slipped to 92 in January versus 95 in December, while Germany’s consumer climate indicator fell to an eight-month low reading of -15.6 for February.\n\nEconomics\nUS n durable goods orders rose 0.2% in December versus a revised 1.2% growth in the prior month.\n\r\nThe Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.\n\r\nThe Federal Reserve will announce its latest policy decision at 2:00 p.m. ET.\n\r\nThe Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.\nCheck out the full economic calendar here","news_type":1},"isVote":1,"tweetType":1,"viewCount":45,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":389510496,"gmtCreate":1612786768215,"gmtModify":1704874161918,"author":{"id":"3572180042681583","authorId":"3572180042681583","name":"Angshen","avatar":"https://static.tigerbbs.com/89c6cb9e955ecdd4540a16c9f2d340f1","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572180042681583","authorIdStr":"3572180042681583"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389510496","repostId":"1193450954","repostType":4,"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":311589178,"gmtCreate":1611813017794,"gmtModify":1704863800400,"author":{"id":"3572180042681583","authorId":"3572180042681583","name":"Angshen","avatar":"https://static.tigerbbs.com/89c6cb9e955ecdd4540a16c9f2d340f1","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572180042681583","authorIdStr":"3572180042681583"},"themes":[],"htmlText":"Good stock to hold ?","listText":"Good stock to hold ?","text":"Good stock to hold ?","images":[{"img":"https://static.tigerbbs.com/bbc294972b863a22ee227e649cd7f833","width":"750","height":"2193"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/311589178","isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":311390644,"gmtCreate":1611761358388,"gmtModify":1704863116661,"author":{"id":"3572180042681583","authorId":"3572180042681583","name":"Angshen","avatar":"https://static.tigerbbs.com/89c6cb9e955ecdd4540a16c9f2d340f1","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572180042681583","authorIdStr":"3572180042681583"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/311390644","repostId":"2106235148","repostType":2,"isVote":1,"tweetType":1,"viewCount":45,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}