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coco246
2021-02-10
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Robinhood, Melvin Capital, Citadel execs expected to testify in Congress on GameStop turmoil - sources
coco246
2021-02-10
Wow
Why Oil Is Likely Headed Much Higher From Here
coco246
2021-02-04
Wut
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sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2110129020","media":"Reuters","summary":"WASHINGTON, Feb 10 (Reuters) - Executives from Robinhood, Melvin Capital and Citadel Securities are ","content":"<html><body><p>WASHINGTON, Feb 10 (Reuters) - Executives from Robinhood, Melvin Capital and Citadel Securities are expected to testify before a House panel at a Feb. 18 hearing exploring recent trading turmoil in GameStop Corp. and related stocks, according to two sources familiar with the matter.</p><p> The three companies will face questions from the House Financial Services Committee, which is examining how an apparent flood of retail trading drove certain stocks to extreme highs, squeezing hedge funds like Melvin that had bet against those shares. A committee spokesman did not respond to a request for comment.</p><p> (Reporting by Svea Herbst-Bayliss and Pete Schroeder Editing by Chizu Nomiyama)</p><p>((Pete.Schroeder@thomsonreuters.com; 202-310-5485;))</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>Robinhood, Melvin Capital, Citadel execs expected to testify in Congress on GameStop turmoil - sources</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\">\nRobinhood, Melvin Capital, Citadel execs expected to testify in Congress on GameStop turmoil - sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-10 22:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>WASHINGTON, Feb 10 (Reuters) - Executives from Robinhood, Melvin Capital and Citadel Securities are expected to testify before a House panel at a Feb. 18 hearing exploring recent trading turmoil in GameStop Corp. and related stocks, according to two sources familiar with the matter.</p><p> The three companies will face questions from the House Financial Services Committee, which is examining how an apparent flood of retail trading drove certain stocks to extreme highs, squeezing hedge funds like Melvin that had bet against those shares. A committee spokesman did not respond to a request for comment.</p><p> (Reporting by Svea Herbst-Bayliss and Pete Schroeder Editing by Chizu Nomiyama)</p><p>((Pete.Schroeder@thomsonreuters.com; 202-310-5485;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110129020","content_text":"WASHINGTON, Feb 10 (Reuters) - Executives from Robinhood, Melvin Capital and Citadel Securities are expected to testify before a House panel at a Feb. 18 hearing exploring recent trading turmoil in GameStop Corp. and related stocks, according to two sources familiar with the matter. The three companies will face questions from the House Financial Services Committee, which is examining how an apparent flood of retail trading drove certain stocks to extreme highs, squeezing hedge funds like Melvin that had bet against those shares. A committee spokesman did not respond to a request for comment. (Reporting by Svea Herbst-Bayliss and Pete Schroeder Editing by Chizu Nomiyama)((Pete.Schroeder@thomsonreuters.com; 202-310-5485;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381523376,"gmtCreate":1612971298695,"gmtModify":1704876859769,"author":{"id":"3574674021253375","authorId":"3574674021253375","name":"coco246","avatar":"https://static.tigerbbs.com/e254c39263819eee489bfa7a7a3f7fb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574674021253375","authorIdStr":"3574674021253375"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381523376","repostId":"1184359000","repostType":4,"repost":{"id":"1184359000","kind":"news","pubTimestamp":1612945652,"share":"https://ttm.financial/m/news/1184359000?lang=&edition=fundamental","pubTime":"2021-02-10 16:27","market":"us","language":"en","title":"Why Oil Is Likely Headed Much Higher From Here","url":"https://stock-news.laohu8.com/highlight/detail?id=1184359000","media":"seekingalpha","summary":"Summary\n\nOil's supply demand dynamic illustrates that higher prices are probable.\nOPEC+ nations led ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Oil's supply demand dynamic illustrates that higher prices are probable.</li>\n <li>OPEC+ nations led by Russia and Saudi Arabia are likely to continue to create artificial supply constraints in the market.</li>\n <li>On the other side of the equation, oil demand is likely to rise notably as the coronavirus pandemic eases into H2 and 2022.</li>\n <li>Finally, there is the inflation factor that is likely to enable oil prices to appreciate notably into year-end and next year.</li>\n <li>Some companies that we like going forward.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/9035126bf930f590bf4ed7d3f663dfa2\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Oil - WTI Crude</b> has come a long way since dipping into negative territory during the height of the coronavirus panic. At roughly -$40 a barrel it was quite surreal. Oil stocks were melting, traders were unloading barrels at sub-zero prices, this was an unprecedented time indeed. Nevertheless, fast forward less than 1-year, and oil is closing in on $60 again.</p>\n<p><img src=\"https://static.tigerbbs.com/f5ea935d36d58d97819d3b18197ed45d\" tg-width=\"640\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p>\n<p>OPEC + oil producers are likely to stick to their production cuts. This should limit the supply of oil coming to market. Moreover, oil demand is likely to rise, as the coronavirus pandemic begins to ease into the second half of this year and into 2022. Furthermore, inflation is likely to rise as well going into year-end and next year. Therefore, oil is likely headed higher from here, possibly into the $70-80 range by the end of this year.</p>\n<p><b>The Supply Demand Dynamic</b></p>\n<p>Oil's supply and demand dynamic is likely the single most important driver for oil prices. We saw oil prices crash into negative territory during the height of the coronavirus meltdown. This was in part due to an extremely strong shock to the global demand side of the equation. However, on the other side, while demand fell off a cliff, major oil producers kept pumping, essentially overflowing the market with oil.</p>\n<p><img src=\"https://static.tigerbbs.com/c7622d64eda60e6cf3f5177d3198f7b6\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p>\n<p>However, things are much different now. Saudi Arabia and Russia agreed toextend their oil cut outputs. This move puts pressure on other OPEC + nations to comply with their output cuts as well. Also, we are seeing the supply demand dynamic play out in markets, as we see larger than expected declines in U.S. oil inventories in much of therecent economic data.</p>\n<p>An important factor to consider is that many of the top oil producers in OPEC + like Saudi Arabia, Russia, as well as many other nations are developing, or are essentially third world countries. Thus, oil revenues account for large portions of these countries' GDPs, as well as their budgets. For the sake of stability, and a certain level of prosperity, it is essential to keep oil at \"an acceptable\" price for these nations.</p>\n<p>An acceptable price is around $55-65, in my view, however, a preferable price is notably higher. Naturally, the higher the price the better (within reason), but a likely lower range for a \"preferable oil price\" is probably around $70-80, and I think the this is where oil is headed by the end of 2021.</p>\n<p><b>As the Coronavirus Weakens</b></p>\n<p>As the coronavirus loosens its grip on the global economy, oil demand is likely to rise. We see that 2020's demand fell off a bit, but growth seems to have dipped just marginally into negative territory. In fact, I was expecting a larger decline due to the coronavirus pandemic.</p>\n<p><img src=\"https://static.tigerbbs.com/c907dc110eae66344d9726dd142f7a19\" tg-width=\"640\" tg-height=\"316\" referrerpolicy=\"no-referrer\"></p>\n<p>Now, the good news is that we are likely to see robust growth this year, and possibly in future years as well. Global oil demand is expected to jump by around 2% this year, illustrating one of the best growth years for oil over the last decade. Also, despite future years' growth declining slightly, I don't expect this to impact price negatively.</p>\n<p><b>The Key Word is Inflation Here</b></p>\n<p>Yes inflation, which seems to be rather tame right now is not likely to remain so for long. So, CPI inflation has been running at about1.2-1.4% in recent months.</p>\n<p><img src=\"https://static.tigerbbs.com/e245b798160c319d6af3389cb567767c\" tg-width=\"640\" tg-height=\"304\" referrerpolicy=\"no-referrer\"></p>\n<p>Some may say \"wow, that is pretty low\". Indeed, it is not very high, but let us put this in context. So, CPI inflation is essentially telling us that a lot of the prices surrounding us are higher now than they were a year ago. In fact, this has been constant throughout the coronavirus pandemic.</p>\n<p>This is astounding. Portions of global economies were shut down, some parts came to a halt, countless people lost their jobs, GDP fell off a cliff for a while, and all this time we see prices around us increasing. In a \"normal\" scenario we would likely see deflation occur, but we are seeing the opposite instead.</p>\n<p>Well, this is largely due to the Fed and other major central banks around the globe. For the sake of simplicity, let's focus on the Fed, the most influential central bank in the world. Perpetual zero rate policy, multi-trillion dollar backstops and bailouts, coupled with \"QE unlimited\" are causing the Fed's balance sheet to explode. We see that the Fed's balance sheet is nearly 10 times higher than where it was before the financial crisis of 2008, and it has nearly doubled just over the past 18-months alone.<img src=\"https://static.tigerbbs.com/37a6e445e160da68597f94aa232e1277\" tg-width=\"640\" tg-height=\"334\" referrerpolicy=\"no-referrer\"></p>\n<p>This is unprecedented, and it makes 2008's easing look like a blip in comparison to what is going on now. Furthermore, while there were expectations that the Fed could eventually \"normalize\" rates and unload its balance sheet post the 2008 crisis, this was proved to be wishful thinking in late 2018. The economy was not able to function effectively and grow in a rising rate and quantitative tightening/QT environment.</p>\n<p>Therefore, I expect the Fed's balance sheet to continue to expand further from here. Moreover, I don't believe that the Fed will be able to shrink its balance sheet notably in the future, nor will the U.S. economy be able to withstand noticeably higher interest rates going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/1ab6be7928edd4536c41fd8d1b08abca\" tg-width=\"640\" tg-height=\"198\" referrerpolicy=\"no-referrer\"></p>\n<p>Here we see the Fed's balance sheet expansion translating into the expansion of the U.S.'s monetary base. The underlying phenomenon creates a perfect storm for inflation to materialize going forward. If we are seeing inflation when we should normally see deflation, what is going to happen when the economy starts to expand notably in the H2 2021, and in 2022?</p>\n<p>I think it is clear, inflation is likely to run quite hot, and I don't think that the Fed is going to be able to implement its usual tools to cool it down any time soon. If easy money stops flowing the economy could stall again. If interest rates tick higher economic activity will slow. Additionally, the enormous debt loads in every segment of the economy, consumer, and government may become unmanageable, and too costly to service.</p>\n<p><b>The Bottom Line</b></p>\n<p>There really is not much that the Fed can do to cool down inflation going forward without damaging the economy in my view. Thus, inflation is likely to run hot in future years. This is very bullish for oil and other real assets. Furthermore, once we consider the stronger demand picture coupled with constrained supply, oil is likely headed notably higher from here. I expect that we can see oil prices in the $70-80 range by the end of this year, and possibly in the $100 plus range sometime in 2022.</p>\n<p><b>Some Companies We Like:</b></p>\n<p><b>Exxon (XOM)</b></p>\n<p><img src=\"https://static.tigerbbs.com/6263e8806d6b286e4f50d8ac3b5e76aa\" tg-width=\"640\" tg-height=\"676\" referrerpolicy=\"no-referrer\">Exxon is one of the best and most stable names in the business. The stock can probably use a mild pullback, but the overall uptrend is very bullish. We like Exxon for its stability, and very strong profitability. The stock trades at 16 times consensus 2022 P/E estimates, the company is projected to deliver revenue growth of about 24% this year and 12% next year, and Exxon pays out a very healthy 7.2% dividend.</p>\n<p><b>BP p.l.c. (BP)</b></p>\n<p><img src=\"https://static.tigerbbs.com/9d11b425b6b41a0a86b131a474ba760e\" tg-width=\"640\" tg-height=\"676\" referrerpolicy=\"no-referrer\">BP is another oil major that we like. We see that the stock was likely building a base in recent sessions before making a notable move higher yesterday. This company's earnings may not be as stable as Exxon's, but it is cheap. BP trades at only around 8.8 times its 2022 consensus EPS estimates, is projected to grow revenues by around 30% this year and roughly 10% next year, and pays out a dividend of around 6%.</p>\n<p><b>Schlumberger (SLB)</b></p>\n<p><img src=\"https://static.tigerbbs.com/d7bdf8e22afad7d5215be0ad8e817c85\" tg-width=\"640\" tg-height=\"676\" referrerpolicy=\"no-referrer\">SLB also has a strong looking chart, and this is one of our favorite oil services providers. This industry leader trades at about 17.5 times next year's consensus EPS estimates, is expected to grow revenues by about 12% next year, and pays out a dividend of about 2%. While the dividend is not high now it is likely to grow as the company becomes more profitable going forward.</p>\n<p><b>Valero (VLO)</b></p>\n<p><img src=\"https://static.tigerbbs.com/64f2f57846c29ac4775129d838b4f379\" tg-width=\"640\" tg-height=\"676\" referrerpolicy=\"no-referrer\">VLO is a refinery name that we like. The chart is also very bullish here. VLO trades at about 14 times 2022 consensus EPS estimates, is projected to grow revenues by around 15% next year, and pays out a dividend of over 6%.</p>\n<p><b>Lukoil (OTCPK:LUKOY)</b></p>\n<p><img src=\"https://static.tigerbbs.com/03f825d5988b67a23ad0d7f8e11c9516\" tg-width=\"640\" tg-height=\"676\" referrerpolicy=\"no-referrer\">Lukoil is a Russian oil giant. This company is extremely profitable and is quite cheap right now. Lukoil trades at only around 10 times next year's EPS estimates, and pays out a dividend of about 7%.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Oil Is Likely Headed Much Higher From Here</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Oil Is Likely Headed Much Higher From Here\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 16:27 GMT+8 <a href=https://seekingalpha.com/article/4404609-why-oil-is-likely-headed-much-higher><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nOil's supply demand dynamic illustrates that higher prices are probable.\nOPEC+ nations led by Russia and Saudi Arabia are likely to continue to create artificial supply constraints in the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4404609-why-oil-is-likely-headed-much-higher\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SLB":"斯伦贝谢","XOM":"埃克森美孚","LUKOY":"PJSC Lukoil","BP":"英国石油","VLO":"瓦莱罗能源"},"source_url":"https://seekingalpha.com/article/4404609-why-oil-is-likely-headed-much-higher","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1184359000","content_text":"Summary\n\nOil's supply demand dynamic illustrates that higher prices are probable.\nOPEC+ nations led by Russia and Saudi Arabia are likely to continue to create artificial supply constraints in the market.\nOn the other side of the equation, oil demand is likely to rise notably as the coronavirus pandemic eases into H2 and 2022.\nFinally, there is the inflation factor that is likely to enable oil prices to appreciate notably into year-end and next year.\nSome companies that we like going forward.\n\n\nOil - WTI Crude has come a long way since dipping into negative territory during the height of the coronavirus panic. At roughly -$40 a barrel it was quite surreal. Oil stocks were melting, traders were unloading barrels at sub-zero prices, this was an unprecedented time indeed. Nevertheless, fast forward less than 1-year, and oil is closing in on $60 again.\n\nOPEC + oil producers are likely to stick to their production cuts. This should limit the supply of oil coming to market. Moreover, oil demand is likely to rise, as the coronavirus pandemic begins to ease into the second half of this year and into 2022. Furthermore, inflation is likely to rise as well going into year-end and next year. Therefore, oil is likely headed higher from here, possibly into the $70-80 range by the end of this year.\nThe Supply Demand Dynamic\nOil's supply and demand dynamic is likely the single most important driver for oil prices. We saw oil prices crash into negative territory during the height of the coronavirus meltdown. This was in part due to an extremely strong shock to the global demand side of the equation. However, on the other side, while demand fell off a cliff, major oil producers kept pumping, essentially overflowing the market with oil.\n\nHowever, things are much different now. Saudi Arabia and Russia agreed toextend their oil cut outputs. This move puts pressure on other OPEC + nations to comply with their output cuts as well. Also, we are seeing the supply demand dynamic play out in markets, as we see larger than expected declines in U.S. oil inventories in much of therecent economic data.\nAn important factor to consider is that many of the top oil producers in OPEC + like Saudi Arabia, Russia, as well as many other nations are developing, or are essentially third world countries. Thus, oil revenues account for large portions of these countries' GDPs, as well as their budgets. For the sake of stability, and a certain level of prosperity, it is essential to keep oil at \"an acceptable\" price for these nations.\nAn acceptable price is around $55-65, in my view, however, a preferable price is notably higher. Naturally, the higher the price the better (within reason), but a likely lower range for a \"preferable oil price\" is probably around $70-80, and I think the this is where oil is headed by the end of 2021.\nAs the Coronavirus Weakens\nAs the coronavirus loosens its grip on the global economy, oil demand is likely to rise. We see that 2020's demand fell off a bit, but growth seems to have dipped just marginally into negative territory. In fact, I was expecting a larger decline due to the coronavirus pandemic.\n\nNow, the good news is that we are likely to see robust growth this year, and possibly in future years as well. Global oil demand is expected to jump by around 2% this year, illustrating one of the best growth years for oil over the last decade. Also, despite future years' growth declining slightly, I don't expect this to impact price negatively.\nThe Key Word is Inflation Here\nYes inflation, which seems to be rather tame right now is not likely to remain so for long. So, CPI inflation has been running at about1.2-1.4% in recent months.\n\nSome may say \"wow, that is pretty low\". Indeed, it is not very high, but let us put this in context. So, CPI inflation is essentially telling us that a lot of the prices surrounding us are higher now than they were a year ago. In fact, this has been constant throughout the coronavirus pandemic.\nThis is astounding. Portions of global economies were shut down, some parts came to a halt, countless people lost their jobs, GDP fell off a cliff for a while, and all this time we see prices around us increasing. In a \"normal\" scenario we would likely see deflation occur, but we are seeing the opposite instead.\nWell, this is largely due to the Fed and other major central banks around the globe. For the sake of simplicity, let's focus on the Fed, the most influential central bank in the world. Perpetual zero rate policy, multi-trillion dollar backstops and bailouts, coupled with \"QE unlimited\" are causing the Fed's balance sheet to explode. We see that the Fed's balance sheet is nearly 10 times higher than where it was before the financial crisis of 2008, and it has nearly doubled just over the past 18-months alone.\nThis is unprecedented, and it makes 2008's easing look like a blip in comparison to what is going on now. Furthermore, while there were expectations that the Fed could eventually \"normalize\" rates and unload its balance sheet post the 2008 crisis, this was proved to be wishful thinking in late 2018. The economy was not able to function effectively and grow in a rising rate and quantitative tightening/QT environment.\nTherefore, I expect the Fed's balance sheet to continue to expand further from here. Moreover, I don't believe that the Fed will be able to shrink its balance sheet notably in the future, nor will the U.S. economy be able to withstand noticeably higher interest rates going forward.\n\nHere we see the Fed's balance sheet expansion translating into the expansion of the U.S.'s monetary base. The underlying phenomenon creates a perfect storm for inflation to materialize going forward. If we are seeing inflation when we should normally see deflation, what is going to happen when the economy starts to expand notably in the H2 2021, and in 2022?\nI think it is clear, inflation is likely to run quite hot, and I don't think that the Fed is going to be able to implement its usual tools to cool it down any time soon. If easy money stops flowing the economy could stall again. If interest rates tick higher economic activity will slow. Additionally, the enormous debt loads in every segment of the economy, consumer, and government may become unmanageable, and too costly to service.\nThe Bottom Line\nThere really is not much that the Fed can do to cool down inflation going forward without damaging the economy in my view. Thus, inflation is likely to run hot in future years. This is very bullish for oil and other real assets. Furthermore, once we consider the stronger demand picture coupled with constrained supply, oil is likely headed notably higher from here. I expect that we can see oil prices in the $70-80 range by the end of this year, and possibly in the $100 plus range sometime in 2022.\nSome Companies We Like:\nExxon (XOM)\nExxon is one of the best and most stable names in the business. The stock can probably use a mild pullback, but the overall uptrend is very bullish. We like Exxon for its stability, and very strong profitability. The stock trades at 16 times consensus 2022 P/E estimates, the company is projected to deliver revenue growth of about 24% this year and 12% next year, and Exxon pays out a very healthy 7.2% dividend.\nBP p.l.c. (BP)\nBP is another oil major that we like. We see that the stock was likely building a base in recent sessions before making a notable move higher yesterday. This company's earnings may not be as stable as Exxon's, but it is cheap. BP trades at only around 8.8 times its 2022 consensus EPS estimates, is projected to grow revenues by around 30% this year and roughly 10% next year, and pays out a dividend of around 6%.\nSchlumberger (SLB)\nSLB also has a strong looking chart, and this is one of our favorite oil services providers. This industry leader trades at about 17.5 times next year's consensus EPS estimates, is expected to grow revenues by about 12% next year, and pays out a dividend of about 2%. While the dividend is not high now it is likely to grow as the company becomes more profitable going forward.\nValero (VLO)\nVLO is a refinery name that we like. The chart is also very bullish here. VLO trades at about 14 times 2022 consensus EPS estimates, is projected to grow revenues by around 15% next year, and pays out a dividend of over 6%.\nLukoil (OTCPK:LUKOY)\nLukoil is a Russian oil giant. This company is extremely profitable and is quite cheap right now. Lukoil trades at only around 10 times next year's EPS estimates, and pays out a dividend of about 7%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317255867,"gmtCreate":1612452091359,"gmtModify":1704871462611,"author":{"id":"3574674021253375","authorId":"3574674021253375","name":"coco246","avatar":"https://static.tigerbbs.com/e254c39263819eee489bfa7a7a3f7fb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574674021253375","authorIdStr":"3574674021253375"},"themes":[],"htmlText":"Wut","listText":"Wut","text":"Wut","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317255867","repostId":"1180680925","repostType":4,"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":381525071,"gmtCreate":1612971438093,"gmtModify":1704876865551,"author":{"id":"3574674021253375","authorId":"3574674021253375","name":"coco246","avatar":"https://static.tigerbbs.com/e254c39263819eee489bfa7a7a3f7fb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574674021253375","authorIdStr":"3574674021253375"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381525071","repostId":"2110129020","repostType":2,"repost":{"id":"2110129020","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":1612968875,"share":"https://ttm.financial/m/news/2110129020?lang=&edition=fundamental","pubTime":"2021-02-10 22:54","market":"us","language":"en","title":"Robinhood, Melvin Capital, Citadel execs expected to testify in Congress on GameStop turmoil - sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2110129020","media":"Reuters","summary":"WASHINGTON, Feb 10 (Reuters) - Executives from Robinhood, Melvin Capital and Citadel Securities are ","content":"<html><body><p>WASHINGTON, Feb 10 (Reuters) - Executives from Robinhood, Melvin Capital and Citadel Securities are expected to testify before a House panel at a Feb. 18 hearing exploring recent trading turmoil in GameStop Corp. and related stocks, according to two sources familiar with the matter.</p><p> The three companies will face questions from the House Financial Services Committee, which is examining how an apparent flood of retail trading drove certain stocks to extreme highs, squeezing hedge funds like Melvin that had bet against those shares. A committee spokesman did not respond to a request for comment.</p><p> (Reporting by Svea Herbst-Bayliss and Pete Schroeder Editing by Chizu Nomiyama)</p><p>((Pete.Schroeder@thomsonreuters.com; 202-310-5485;))</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>Robinhood, Melvin Capital, Citadel execs expected to testify in Congress on GameStop turmoil - sources</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\">\nRobinhood, Melvin Capital, Citadel execs expected to testify in Congress on GameStop turmoil - sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-10 22:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>WASHINGTON, Feb 10 (Reuters) - Executives from Robinhood, Melvin Capital and Citadel Securities are expected to testify before a House panel at a Feb. 18 hearing exploring recent trading turmoil in GameStop Corp. and related stocks, according to two sources familiar with the matter.</p><p> The three companies will face questions from the House Financial Services Committee, which is examining how an apparent flood of retail trading drove certain stocks to extreme highs, squeezing hedge funds like Melvin that had bet against those shares. A committee spokesman did not respond to a request for comment.</p><p> (Reporting by Svea Herbst-Bayliss and Pete Schroeder Editing by Chizu Nomiyama)</p><p>((Pete.Schroeder@thomsonreuters.com; 202-310-5485;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110129020","content_text":"WASHINGTON, Feb 10 (Reuters) - Executives from Robinhood, Melvin Capital and Citadel Securities are expected to testify before a House panel at a Feb. 18 hearing exploring recent trading turmoil in GameStop Corp. and related stocks, according to two sources familiar with the matter. The three companies will face questions from the House Financial Services Committee, which is examining how an apparent flood of retail trading drove certain stocks to extreme highs, squeezing hedge funds like Melvin that had bet against those shares. A committee spokesman did not respond to a request for comment. (Reporting by Svea Herbst-Bayliss and Pete Schroeder Editing by Chizu Nomiyama)((Pete.Schroeder@thomsonreuters.com; 202-310-5485;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381523376,"gmtCreate":1612971298695,"gmtModify":1704876859769,"author":{"id":"3574674021253375","authorId":"3574674021253375","name":"coco246","avatar":"https://static.tigerbbs.com/e254c39263819eee489bfa7a7a3f7fb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574674021253375","authorIdStr":"3574674021253375"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381523376","repostId":"1184359000","repostType":4,"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317255867,"gmtCreate":1612452091359,"gmtModify":1704871462611,"author":{"id":"3574674021253375","authorId":"3574674021253375","name":"coco246","avatar":"https://static.tigerbbs.com/e254c39263819eee489bfa7a7a3f7fb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574674021253375","authorIdStr":"3574674021253375"},"themes":[],"htmlText":"Wut","listText":"Wut","text":"Wut","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317255867","repostId":"1180680925","repostType":4,"repost":{"id":"1180680925","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":1612433405,"share":"https://ttm.financial/m/news/1180680925?lang=&edition=fundamental","pubTime":"2021-02-04 18:10","market":"us","language":"en","title":"Elon Musk, back on Twitter, turns his support to Dogecoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1180680925","media":"Reuters","summary":"LONDON (Reuters) - Cryptocurrency Dogecoin surged more than 50% on Thursday after billionaire entrep","content":"<p>LONDON (Reuters) - Cryptocurrency Dogecoin surged more than 50% on Thursday after billionaire entrepreneur Elon Musk tweeted his support for it, two days after he said he was to take a break from Twitter “for a while”.</p>\n<p>Dogecoin jumped to $0.05798 according to data on blockchain and cryptocurrency website Coindesk. Musk first tweeted “Doge” and immediately followed it up with “Dogecoin is the people’s crypto”.</p>\n<p>The Tesla chief’s tweets about certain companies and cryptocurrencies have sent their prices soaring in recent weeks. Shares in GameStop, Etsy and CD Projekt have jumped following comments on his Twitter account about them.</p>\n<p>In the crypto world, him putting a “#bitcoin” tag on his Twitter bio sent the most popular currency flying last Friday. He has since taken the tag off.</p>\n<p>Meanwhile, rival cryptocurrency ethereum is also on a record setting spree as investors buy it before the launch of ethereum futures on the Chicago Mercantile Exchange next week.</p>\n<p>Ethereum rose to record high of $1,698.56 before giving up some of those gains to trade 2.7% lower in early london trading. Bitcoin, the most popular crypto currency, also fell 1.2% to $37,184.</p>\n<p>Cryptocurrencies are gaining traction with more mainstream investors. The euphoria boosted the total market value of all cryptocurrencies above $1 trillion for the first time earlier in January.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk, back on Twitter, turns his support to Dogecoin</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\">\nElon Musk, back on Twitter, turns his support to Dogecoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-04 18:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LONDON (Reuters) - Cryptocurrency Dogecoin surged more than 50% on Thursday after billionaire entrepreneur Elon Musk tweeted his support for it, two days after he said he was to take a break from Twitter “for a while”.</p>\n<p>Dogecoin jumped to $0.05798 according to data on blockchain and cryptocurrency website Coindesk. Musk first tweeted “Doge” and immediately followed it up with “Dogecoin is the people’s crypto”.</p>\n<p>The Tesla chief’s tweets about certain companies and cryptocurrencies have sent their prices soaring in recent weeks. Shares in GameStop, Etsy and CD Projekt have jumped following comments on his Twitter account about them.</p>\n<p>In the crypto world, him putting a “#bitcoin” tag on his Twitter bio sent the most popular currency flying last Friday. He has since taken the tag off.</p>\n<p>Meanwhile, rival cryptocurrency ethereum is also on a record setting spree as investors buy it before the launch of ethereum futures on the Chicago Mercantile Exchange next week.</p>\n<p>Ethereum rose to record high of $1,698.56 before giving up some of those gains to trade 2.7% lower in early london trading. Bitcoin, the most popular crypto currency, also fell 1.2% to $37,184.</p>\n<p>Cryptocurrencies are gaining traction with more mainstream investors. The euphoria boosted the total market value of all cryptocurrencies above $1 trillion for the first time earlier in January.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e0047c74fb5c8ae09f918005be0161c9","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180680925","content_text":"LONDON (Reuters) - Cryptocurrency Dogecoin surged more than 50% on Thursday after billionaire entrepreneur Elon Musk tweeted his support for it, two days after he said he was to take a break from Twitter “for a while”.\nDogecoin jumped to $0.05798 according to data on blockchain and cryptocurrency website Coindesk. Musk first tweeted “Doge” and immediately followed it up with “Dogecoin is the people’s crypto”.\nThe Tesla chief’s tweets about certain companies and cryptocurrencies have sent their prices soaring in recent weeks. Shares in GameStop, Etsy and CD Projekt have jumped following comments on his Twitter account about them.\nIn the crypto world, him putting a “#bitcoin” tag on his Twitter bio sent the most popular currency flying last Friday. He has since taken the tag off.\nMeanwhile, rival cryptocurrency ethereum is also on a record setting spree as investors buy it before the launch of ethereum futures on the Chicago Mercantile Exchange next week.\nEthereum rose to record high of $1,698.56 before giving up some of those gains to trade 2.7% lower in early london trading. Bitcoin, the most popular crypto currency, also fell 1.2% to $37,184.\nCryptocurrencies are gaining traction with more mainstream investors. The euphoria boosted the total market value of all cryptocurrencies above $1 trillion for the first time earlier in January.","news_type":1},"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
