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2021-02-03

wow

Pandemic drives oil major BP to first loss in a decade

2021-02-08

i just need you guys to release more stocks??

Amazon Sends a Clear Message–the Future Is in The Cloud

2021-02-03

to the moon!

Gamestop, silver spot down, "farce" is slowly ending?

2021-02-13

BITCOIN BITCOIN BUTTCOIN, wooops BITCOIN!

Not Just Tesla: Why Big Companies are Buying into Crypto-Mania

2021-02-08

to the moon again??????

The GameStop Phenomenon Is Hardly New

2021-02-03

?

Ford to invest $1 billion to upgrade South Africa operations

Go to Tiger App to see more news

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BITCOIN BUTTCOIN, wooops BITCOIN!","listText":"&nbsp;BITCOIN BITCOIN BUTTCOIN, wooops BITCOIN!","text":"BITCOIN BITCOIN BUTTCOIN, wooops BITCOIN!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386537858","repostId":"1179092967","repostType":4,"repost":{"id":"1179092967","pubTimestamp":1613100617,"share":"https://ttm.financial/m/news/1179092967?lang=&edition=fundamental","pubTime":"2021-02-12 11:30","market":"us","language":"en","title":"Not Just Tesla: Why Big Companies are Buying into Crypto-Mania","url":"https://stock-news.laohu8.com/highlight/detail?id=1179092967","media":"barrons","summary":"For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla , which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.Mastercard  said on Wednesday that it will let m","content":"<p>For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.</p><p>The most buzzworthy move came from Tesla (ticker: TSLA), which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.</p><p>But Tesla isn’t the only one. On Thursday, BNY Mellon (BK), the oldest bank in the U.S.,said it will hold and transfer cryptocurrencies for customers. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, the bank’s CEO of asset servicing and head of digital.</p><p>Mastercard (MA) said on Wednesday that it will let merchants accept some cryptocurrencies through its network later this year. The payments will be converted to traditional money before it enters the companies’ systems.Twitter(TWTR) is also considering a Bitcoin investment. And Square (SQ) has already put some on its balance sheet, as well as given users of its Cash App access to buy the cryptocurrency.</p><p>Why is this happening now? Cryptocurrencies are still not particularly useful outside of a very few cases, such as cross-border transactions. Even there, they haven’t fully taken hold.</p><p>There are at least four big reasons corporations are diving in.</p><p>One is that some company founders believe in Bitcoin. Their excitement about the asset has convinced them that their companies need to be involved, or have cryptocurrency investments, even if Bitcoin isn’t really the core of their operations. That appears to be the case for Tesla and its CEO Elon Musk, and for a software company calledMicrostrategyand its CEO, Michael Saylor.</p><p>Microstrategy, whose entire market capitalization was below $1 billion early last year, now owns more than $2 billion of Bitcoin, and its market cap is now just under $10 billion. Saylor told<i>Barron’s</i>&nbsp;in an interview last yearthat he sees Bitcoin as a hedge against monetary debasement and inflation.</p><p>Square CEO Jack Dorsey ‘s fascination with Bitcoin also likely sped Square’s adoption. He has spoken about his interest in the currency for years.</p><p>Tesla’s purchase of Bitcoin is strong marketing for the company and the currency, said Dan Morehead, founder of the crypto hedge fund Pantera Capital. But it won’t likely change the way Bitcoin is used. “Tesla sells a half a million cars a year,” he said. “If they sold 4% in Bitcoin, I’d be surprised.” Morehead thinks Bitoin’s growing use for cross-border payments is much more exciting from a practical perspective.</p><p>Other companies are getting into Bitcoin because of customer demand. That appears to be the case for BNY Mellon, which is not known for making risky bets on new technologies. It could stay out of the industry altogether, but more institutional investors are buying Bitcoin and need somewhere to put it.</p><p>And the infrastructure around Bitcoin has grown, so that it now more closely resembles the systems used in the rest of the world of finance.. Big companies now insure cryptocurrencies or—as in the case ofJPMorgan Chase(JPM)—offer services to cryptocurrency businesses, even if most still don’t hold Bitcoin on their own balance sheets.</p><p>A third reason is increasing government acceptance of the trend. BNY cited greater regulatory clarity around Bitcoin as one reason it is diving in. The U.S. government has taken a mostly laissez-faire approach to regulating digital assets even as many of the illegal activities that cryptocurrency has been associated with in the past have continued. Without at least the tacit approval of regulators, crypto couldn’t have landed on the balance sheets of so many companies.</p><p>A fourth reason cryptocurrencies are gaining hold in corporate boardrooms is that they serve multiple purposes. That gives corporations several different rationales to hold the coins, or offer related services. Cryptocurrencies have the potential to go well beyond Bitcoin’s initial premise as a way to send money without financial intermediaries. So-called stablecoins, whose value is meant to track fiat currencies, could allow for faster transactions for some kinds of financial services, for instance.</p><p>Visa(V) andMasterCardseem like the last places in the world that Bitcoin would take hold given that Bitcoin was created to eliminate the middlemen in finance. Few companies fill the role of middleman as perfectly as the credit-card processors. Visa, however, thinks that cryptocurrencies are useful for many other purposes, and its trusted brand makes it an important player, according to Cuy Sheffield, head of crypto at the company.</p><p>“We’ve seen growing demand from clients across the world that want to be able to plug in and use these networks, but they want a global, neutral, trusted brand, to help them be able to do that,” Sheffield said in an interview. Visa said last week it has created software that allows bank customers to buy and hold cryptocurrencies through lenders’ websites.</p><p>Will old-line financial companies be the biggest beneficiaries of the crypto “revolution”? Michael Venuto, the chief investment officer of Toroso Investments, doesn’t think it will be easy for them to dominate this new world. Toroso created theAmplify Transformational Data SharingETF (ticker: BLOK), which invests in public companies involved in the technology behind Bitcoin.</p><p>“In terms of the self-referenced paradox of the old economy accepting the blockchain, it is simply inevitable,” Venuto wrote in an email to<i>Barron’s</i>. “If they don’t explore the blockchain they will be extinct. They understand that, but they are not aware of how big the changes will be or how fast they will happen. They have to evolve, but evolution can be messy.”</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Not Just Tesla: Why Big Companies are Buying into Crypto-Mania</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\">\nNot Just Tesla: Why Big Companies are Buying into Crypto-Mania\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of ...</p>\n\n<a href=\"https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/414360f2ef7b5c785cb936b4a9b53a44","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179092967","content_text":"For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla (ticker: TSLA), which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.But Tesla isn’t the only one. On Thursday, BNY Mellon (BK), the oldest bank in the U.S.,said it will hold and transfer cryptocurrencies for customers. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, the bank’s CEO of asset servicing and head of digital.Mastercard (MA) said on Wednesday that it will let merchants accept some cryptocurrencies through its network later this year. The payments will be converted to traditional money before it enters the companies’ systems.Twitter(TWTR) is also considering a Bitcoin investment. And Square (SQ) has already put some on its balance sheet, as well as given users of its Cash App access to buy the cryptocurrency.Why is this happening now? Cryptocurrencies are still not particularly useful outside of a very few cases, such as cross-border transactions. Even there, they haven’t fully taken hold.There are at least four big reasons corporations are diving in.One is that some company founders believe in Bitcoin. Their excitement about the asset has convinced them that their companies need to be involved, or have cryptocurrency investments, even if Bitcoin isn’t really the core of their operations. That appears to be the case for Tesla and its CEO Elon Musk, and for a software company calledMicrostrategyand its CEO, Michael Saylor.Microstrategy, whose entire market capitalization was below $1 billion early last year, now owns more than $2 billion of Bitcoin, and its market cap is now just under $10 billion. Saylor toldBarron’s in an interview last yearthat he sees Bitcoin as a hedge against monetary debasement and inflation.Square CEO Jack Dorsey ‘s fascination with Bitcoin also likely sped Square’s adoption. He has spoken about his interest in the currency for years.Tesla’s purchase of Bitcoin is strong marketing for the company and the currency, said Dan Morehead, founder of the crypto hedge fund Pantera Capital. But it won’t likely change the way Bitcoin is used. “Tesla sells a half a million cars a year,” he said. “If they sold 4% in Bitcoin, I’d be surprised.” Morehead thinks Bitoin’s growing use for cross-border payments is much more exciting from a practical perspective.Other companies are getting into Bitcoin because of customer demand. That appears to be the case for BNY Mellon, which is not known for making risky bets on new technologies. It could stay out of the industry altogether, but more institutional investors are buying Bitcoin and need somewhere to put it.And the infrastructure around Bitcoin has grown, so that it now more closely resembles the systems used in the rest of the world of finance.. Big companies now insure cryptocurrencies or—as in the case ofJPMorgan Chase(JPM)—offer services to cryptocurrency businesses, even if most still don’t hold Bitcoin on their own balance sheets.A third reason is increasing government acceptance of the trend. BNY cited greater regulatory clarity around Bitcoin as one reason it is diving in. The U.S. government has taken a mostly laissez-faire approach to regulating digital assets even as many of the illegal activities that cryptocurrency has been associated with in the past have continued. Without at least the tacit approval of regulators, crypto couldn’t have landed on the balance sheets of so many companies.A fourth reason cryptocurrencies are gaining hold in corporate boardrooms is that they serve multiple purposes. That gives corporations several different rationales to hold the coins, or offer related services. Cryptocurrencies have the potential to go well beyond Bitcoin’s initial premise as a way to send money without financial intermediaries. So-called stablecoins, whose value is meant to track fiat currencies, could allow for faster transactions for some kinds of financial services, for instance.Visa(V) andMasterCardseem like the last places in the world that Bitcoin would take hold given that Bitcoin was created to eliminate the middlemen in finance. Few companies fill the role of middleman as perfectly as the credit-card processors. Visa, however, thinks that cryptocurrencies are useful for many other purposes, and its trusted brand makes it an important player, according to Cuy Sheffield, head of crypto at the company.“We’ve seen growing demand from clients across the world that want to be able to plug in and use these networks, but they want a global, neutral, trusted brand, to help them be able to do that,” Sheffield said in an interview. Visa said last week it has created software that allows bank customers to buy and hold cryptocurrencies through lenders’ websites.Will old-line financial companies be the biggest beneficiaries of the crypto “revolution”? Michael Venuto, the chief investment officer of Toroso Investments, doesn’t think it will be easy for them to dominate this new world. Toroso created theAmplify Transformational Data SharingETF (ticker: BLOK), which invests in public companies involved in the technology behind Bitcoin.“In terms of the self-referenced paradox of the old economy accepting the blockchain, it is simply inevitable,” Venuto wrote in an email toBarron’s. “If they don’t explore the blockchain they will be extinct. They understand that, but they are not aware of how big the changes will be or how fast they will happen. They have to evolve, but evolution can be messy.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389262268,"gmtCreate":1612778892254,"gmtModify":1704874065645,"author":{"id":"3574855677909594","authorId":"3574855677909594","name":"johndoe007","avatar":"https://static.tigerbbs.com/a8ff3036f0f1e9317bf2965a76c4954e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574855677909594","authorIdStr":"3574855677909594"},"themes":[],"htmlText":"to the moon again??????","listText":"to the moon again??????","text":"to the moon again??????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389262268","repostId":"1111770502","repostType":4,"repost":{"id":"1111770502","pubTimestamp":1612770830,"share":"https://ttm.financial/m/news/1111770502?lang=&edition=fundamental","pubTime":"2021-02-08 15:53","market":"us","language":"en","title":"The GameStop Phenomenon Is Hardly New","url":"https://stock-news.laohu8.com/highlight/detail?id=1111770502","media":"Barrons","summary":"In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center","content":"<p>In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop.</p>\n<p>As with GameStop and other “meme” companies like AMC Entertainment, Piggly Wiggly was being sold short by several big Wall Street investment firms. This aroused an unexpected popular backlash, stirred by a resentment of “city slickers” getting rich off the “yaps,” or little guys. So there was a sense of triumph when investors fought back and put the squeeze on the shorts.</p>\n<p>“New York speculators,” crowed one newspaper, “made to pay through the nose.”</p>\n<p>The Piggly Wiggly shorts got crushed, much asMelvin Capital dropped 53% in Januarychiefly on its GameStop downside bets, but that wasn’t the whole story. While there were some big winners, there were also some other big losers—none bigger than Piggly Wiggly’s founder and president, Clarence Saunders.</p>\n<p>“After working a sensational squeeze on Piggly Wiggly,”<i>Barron’s</i>reported at the time, “the Memphis grocer found that his ‘victory’ had cost him about $3,000,000 and control of his company.” It also tarnished Saunders’ legacy.</p>\n<p>Born in 1881, Saunders worked his way out of poverty to become a retail pioneer,turning Piggly Wiggly (the origins of the name remain obscure) into the nation’s first “Self-Serving Store”in 1916.</p>\n<p>That is, instead of giving shopping lists to clerks to fill—as was practice of the day—customers walked the aisles and chose their own goods. This sublimely simple concept caught on; by 1921 there were more than 600 Piggly Wiggly stores across the nation, and Saunders’ self-serve model is still the norm for supermarkets, fromKrogertoWalmart.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f015da71952a0d48096f6dc06fbe9a9e\" tg-width=\"620\" tg-height=\"413\"><span>Clarence Saunders, Piggly Wiggly’s founder and president.Bain News Service/Library of Congress</span></p>\n<p>To fuel continued expansion, Saunders in November 1922 announced plans to sell 100,000 new shares in the company. That, combined with unrelated news of a Piggly Wiggly licensee filing for bankruptcy, “caused heavy selling” in the stock, according to<i>Barron’s</i>, knocking the share price down to $30 from $45. Then Merrill Lynch and other Wall Street firms attempted a “bear raid,” shorting Piggly Wiggly stock in a bet it would fall further.</p>\n<p>Saunders cast the issue as good versus evil, asking potential investors, “Shall good business flee? Shall it tremble with fear? Shall it be the loot of the speculator?” as quoted in Mike Freeman’s<i>Clarence Saunders and the Founding of Piggly Wiggly: The Rise &amp; Fall of a Memphis Maverick</i>.</p>\n<p>To counter the shorts, Saunders borrowed $10 million on margin from a number of investors and hatched a plan to buy up all outstanding shares of Piggly Wiggly, driving the price up. The stock reached $124 on March 20, 1923—when it was suspended by the New York Stock Exchange.</p>\n<p>There was a “wild scramble by the shorts to cover,”<i>Barron’s</i>wrote, yet there was less of that than had expected. The stock showed a “declining tendency” after the shorts had covered, and “the over-the-counter market for the stock gradually disappeared.” In the end, “Saunders and his associates” were left with “practically the entire issue of 200,000 shares on their hands—a large part of which had been accumulated at high prices” with “no market” to sell them.</p>\n<p>To<i>Barron’s</i>, Saunders had simply suffered “the customary fate of the Main Streeter who attempts to beat Wall Street.” Indeed, just three years earlier, a short-squeeze engineered by the owner of Stutz Motor Co. ended in bankruptcy for both.</p>\n<p>Yet there were winners in Piggly Wiggly, too, such as the retired grocer from Providence, R.I., that Freeman writes about, who bought a thousand shares at $38 before the squeeze. Expecting to use the shares as dividend income, the retiree instead ended up selling them “from $96 to $124” and making a profit of almost $80,000 (around $1.2 million today).</p>\n<p>That isn’t quite of the same magnitude as the gains made by Roaring Kitty, the GameStop investor whose initial $53,000 stake reached a value of at least $48 million. But the reality thatsome players will turn a handsome profit even as others are ruinedhasn’t changed over the years.</p>\n<p>Today, however, instead of one big investor like Saunders being left holding all the worthless shares, there may be many thousands of smaller investors facing financial strain or collapse.</p>\n<p>As for Saunders, he went back to Tennessee, where “Memphis folk still have confidence” in him, as<i>Barron’s</i>reported at the time. But his various post–Piggle Wiggly ventures, includingKeedoozle automat-style stores, met with middling success. He died in 1953, his hopes of becoming the Henry Ford of supermarkets undone by an ill-fated decision to take on Wall Street.</p>\n<p>We’ll see if GameStop investors fare any better.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> The GameStop Phenomenon Is Hardly New</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n The GameStop Phenomenon Is Hardly New\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-gamestop-phenomenon-is-hardly-new-heres-how-a-similar-squeeze-played-out-in-1923-51612361822?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop.\nAs with ...</p>\n\n<a href=\"https://www.barrons.com/articles/the-gamestop-phenomenon-is-hardly-new-heres-how-a-similar-squeeze-played-out-in-1923-51612361822?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/the-gamestop-phenomenon-is-hardly-new-heres-how-a-similar-squeeze-played-out-in-1923-51612361822?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111770502","content_text":"In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop.\nAs with GameStop and other “meme” companies like AMC Entertainment, Piggly Wiggly was being sold short by several big Wall Street investment firms. This aroused an unexpected popular backlash, stirred by a resentment of “city slickers” getting rich off the “yaps,” or little guys. So there was a sense of triumph when investors fought back and put the squeeze on the shorts.\n“New York speculators,” crowed one newspaper, “made to pay through the nose.”\nThe Piggly Wiggly shorts got crushed, much asMelvin Capital dropped 53% in Januarychiefly on its GameStop downside bets, but that wasn’t the whole story. While there were some big winners, there were also some other big losers—none bigger than Piggly Wiggly’s founder and president, Clarence Saunders.\n“After working a sensational squeeze on Piggly Wiggly,”Barron’sreported at the time, “the Memphis grocer found that his ‘victory’ had cost him about $3,000,000 and control of his company.” It also tarnished Saunders’ legacy.\nBorn in 1881, Saunders worked his way out of poverty to become a retail pioneer,turning Piggly Wiggly (the origins of the name remain obscure) into the nation’s first “Self-Serving Store”in 1916.\nThat is, instead of giving shopping lists to clerks to fill—as was practice of the day—customers walked the aisles and chose their own goods. This sublimely simple concept caught on; by 1921 there were more than 600 Piggly Wiggly stores across the nation, and Saunders’ self-serve model is still the norm for supermarkets, fromKrogertoWalmart.\nClarence Saunders, Piggly Wiggly’s founder and president.Bain News Service/Library of Congress\nTo fuel continued expansion, Saunders in November 1922 announced plans to sell 100,000 new shares in the company. That, combined with unrelated news of a Piggly Wiggly licensee filing for bankruptcy, “caused heavy selling” in the stock, according toBarron’s, knocking the share price down to $30 from $45. Then Merrill Lynch and other Wall Street firms attempted a “bear raid,” shorting Piggly Wiggly stock in a bet it would fall further.\nSaunders cast the issue as good versus evil, asking potential investors, “Shall good business flee? Shall it tremble with fear? Shall it be the loot of the speculator?” as quoted in Mike Freeman’sClarence Saunders and the Founding of Piggly Wiggly: The Rise & Fall of a Memphis Maverick.\nTo counter the shorts, Saunders borrowed $10 million on margin from a number of investors and hatched a plan to buy up all outstanding shares of Piggly Wiggly, driving the price up. The stock reached $124 on March 20, 1923—when it was suspended by the New York Stock Exchange.\nThere was a “wild scramble by the shorts to cover,”Barron’swrote, yet there was less of that than had expected. The stock showed a “declining tendency” after the shorts had covered, and “the over-the-counter market for the stock gradually disappeared.” In the end, “Saunders and his associates” were left with “practically the entire issue of 200,000 shares on their hands—a large part of which had been accumulated at high prices” with “no market” to sell them.\nToBarron’s, Saunders had simply suffered “the customary fate of the Main Streeter who attempts to beat Wall Street.” Indeed, just three years earlier, a short-squeeze engineered by the owner of Stutz Motor Co. ended in bankruptcy for both.\nYet there were winners in Piggly Wiggly, too, such as the retired grocer from Providence, R.I., that Freeman writes about, who bought a thousand shares at $38 before the squeeze. Expecting to use the shares as dividend income, the retiree instead ended up selling them “from $96 to $124” and making a profit of almost $80,000 (around $1.2 million today).\nThat isn’t quite of the same magnitude as the gains made by Roaring Kitty, the GameStop investor whose initial $53,000 stake reached a value of at least $48 million. But the reality thatsome players will turn a handsome profit even as others are ruinedhasn’t changed over the years.\nToday, however, instead of one big investor like Saunders being left holding all the worthless shares, there may be many thousands of smaller investors facing financial strain or collapse.\nAs for Saunders, he went back to Tennessee, where “Memphis folk still have confidence” in him, asBarron’sreported at the time. But his various post–Piggle Wiggly ventures, includingKeedoozle automat-style stores, met with middling success. He died in 1953, his hopes of becoming the Henry Ford of supermarkets undone by an ill-fated decision to take on Wall Street.\nWe’ll see if GameStop investors fare any better.","news_type":1},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389268712,"gmtCreate":1612778725736,"gmtModify":1704874063703,"author":{"id":"3574855677909594","authorId":"3574855677909594","name":"johndoe007","avatar":"https://static.tigerbbs.com/a8ff3036f0f1e9317bf2965a76c4954e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574855677909594","authorIdStr":"3574855677909594"},"themes":[],"htmlText":"i just need you guys to release more stocks??","listText":"i just need you guys to release more stocks??","text":"i just need you guys to release more stocks??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389268712","repostId":"1146599524","repostType":4,"repost":{"id":"1146599524","pubTimestamp":1612778385,"share":"https://ttm.financial/m/news/1146599524?lang=&edition=fundamental","pubTime":"2021-02-08 17:59","market":"us","language":"en","title":"Amazon Sends a Clear Message–the Future Is in The Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1146599524","media":"Barrons","summary":"Everyone knew the day was coming, but investors still seemed surprised by Jeff Bezos’ announcement t","content":"<p>Everyone knew the day was coming, but investors still seemed surprised by Jeff Bezos’ announcement that he would be stepping down as CEO.Amazon.comhas never had another chief executive, after all, and Bezosbuilt the business from scratchinto one of the world’s largest companies, with 1.3 million employees, annual revenue nearing $500 billion, and a market value of $1.7 trillion.</p>\n<p>No one has ever launched a company and steered it to a valuation of more than a $1 trillion while still at the helm. By that measure, Bezos is more successful than Steve Jobs, Bill Gates, Warren Buffett, Sam Walton,Walt Disney,Henry Ford, Andrew Carnegie, or John D. Rockefeller.</p>\n<p>Amazon (ticker: AMZN) shares have appreciated every year since 2014, increasing more than tenfold over that span. The company has spent years pressing its advantage in e-commerce. It has a growing fleet of delivery trucks and jets servicing vast warehouses staffed by humans and robots.</p>\n<p>And, yet, the real value driver has been the emergence of Amazon Web Services, an idea nurtured by Bezos’ longtime lieutenant, Andy Jassy—yes, the manjust named to replace Bezos as CEOlater this year.</p>\n<p>In July 2002, Amazon issued a short press releaseunveiling Amazon.com Web Services. Bezos said that Amazon was “putting out a welcome mat for developers,” adding prophetically, “this is an important beginning and new direction for us.” The word “cloud” wasn’t mentioned.</p>\n<p>Today, AWS is synonymous with cloud computing. In the fourth quarter,it had revenue of $12.7 billion, boosting the total for the year to $45.5 billion, up 29%. AWS ended 2020 with a backlog of $50 billion, 68% above the total a year earlier. The business has grown more than 475% since the end of 2015, and next-year sales will easily top $50 billion. Many cloud software companies—most of which wouldn’t exist without AWS—are trading for 20 times sales or higher. Apply that measure to AWS and the business is worth more than $1 trillion.</p>\n<p>Jassy has served as CEO of Amazon Web Services since its humble beginning, and he became the logical successor to Bezos after the recent retirement of Jeff Wilke, the longtime leader of the company's retail business.</p>\n<p>Taken together, there has been a lot of change for Amazon in a short period. Wilke’s successor, Dave Clark, has just settled into his new role. Jassy is getting the top job. Bezos is moving to executive chairman. And someone yet to be named will take over AWS.</p>\n<p>If there’s any reason for caution about Amazon, it would be a potential leadership vacuum at AWS just as competition in the cloud market is heating up.</p>\n<p>There are now real rivals for AWS, although the precise math is fuzzy.Alphabet(GOOGL) had $3.8 billion in cloud revenue in the quarter, up 47%, and the company said its Google Cloud Platform, which competes with AWS, grew even faster. But that segment also includes Google Workspace, which competes with Microsoft Office.</p>\n<p>Microsoft(MSFT) had“connected cloud” revenue of $16.7 billionin its latest completed quarter, but that includes more than just Azure, Microsoft’s direct rival to AWS. Microsoft also puts Office 365 and a cloud version of its Microsoft Dynamics enterprise application business in its cloud bucket.Oracle(ORCL) andIBM(IBM) also claim substantial cloud businesses. But Amazon remains the dominant player, and not by a little.</p>\n<p>There are several reasons that Amazon is unlikely to miss a beat through the CEO transition.</p>\n<p>First, as executive chairman, Bezos said he intends to spend time thinking about new products and early initiatives, where he has always thrived. “Keep inventing, and don’t despair when at first the idea looks crazy,” he wrote in a letter to Amazon employees last week. “Remember to wander. Let curiosity be your compass. It remains Day 1.” Bezos is the company’s largest investor, with a stake worth about $200 billion.</p>\n<p>Second, Jassy has been at Amazon for 23 years. It’s the only place where he’s worked since graduating from Harvard Business School in 1997. He has a strong reputation among Amazon watchers, Wall Street loves him, and Bezos trusts him. So, Jassy was the obvious choice.</p>\n<p>Finally, the transition is happening at a moment of strength for Amazon. In the fourth quarter, its sales were $125.6 billion, up 44% from the total a year earlier, blowing past Wall Street estimates. Profits of $14.09 a share in the latest quarter were nearly double analyst forecasts, even though the company spent more than $4 billion in the period to protect workers against Covid-19.</p>\n<p>Jassy was already running the most important part of Amazon. This is no longer an e-commerce company with a cloud computing hobby; AWS is now worth more than the retail segment.</p>\n<p>And yet it’s hard to separate Amazon from Bezos. The stock fell 2% on the transition news, despite being accompanied by the banner earnings results. Any weakness could be a buying opportunity. This past week, Morgan Stanley analyst Brian Nowak reiterated his Overweight rating on the stock, upping his price target to $4,200 from $3,900 and setting a “bull case” target of $5,000, 50% above Amazon’s recent close of $3,352.</p>\n<p>His view is that Bezos will still be around, Jassy knows what he’s doing, the bench is deep, e-commerce is still accelerating, and so is Amazon Web Services.</p>\n<p>The bottom line: Amazon is ready for its post-Bezos close-up.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Amazon Sends a Clear Message–the Future Is in The Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Amazon Sends a Clear Message–the Future Is in The Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 17:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/jeff-bezos-found-a-perfect-replacement-in-aws-chief-andy-jassy-51612566805?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Everyone knew the day was coming, but investors still seemed surprised by Jeff Bezos’ announcement that he would be stepping down as CEO.Amazon.comhas never had another chief executive, after all, and...</p>\n\n<a href=\"https://www.barrons.com/articles/jeff-bezos-found-a-perfect-replacement-in-aws-chief-andy-jassy-51612566805?mod=RTA\">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"},"source_url":"https://www.barrons.com/articles/jeff-bezos-found-a-perfect-replacement-in-aws-chief-andy-jassy-51612566805?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146599524","content_text":"Everyone knew the day was coming, but investors still seemed surprised by Jeff Bezos’ announcement that he would be stepping down as CEO.Amazon.comhas never had another chief executive, after all, and Bezosbuilt the business from scratchinto one of the world’s largest companies, with 1.3 million employees, annual revenue nearing $500 billion, and a market value of $1.7 trillion.\nNo one has ever launched a company and steered it to a valuation of more than a $1 trillion while still at the helm. By that measure, Bezos is more successful than Steve Jobs, Bill Gates, Warren Buffett, Sam Walton,Walt Disney,Henry Ford, Andrew Carnegie, or John D. Rockefeller.\nAmazon (ticker: AMZN) shares have appreciated every year since 2014, increasing more than tenfold over that span. The company has spent years pressing its advantage in e-commerce. It has a growing fleet of delivery trucks and jets servicing vast warehouses staffed by humans and robots.\nAnd, yet, the real value driver has been the emergence of Amazon Web Services, an idea nurtured by Bezos’ longtime lieutenant, Andy Jassy—yes, the manjust named to replace Bezos as CEOlater this year.\nIn July 2002, Amazon issued a short press releaseunveiling Amazon.com Web Services. Bezos said that Amazon was “putting out a welcome mat for developers,” adding prophetically, “this is an important beginning and new direction for us.” The word “cloud” wasn’t mentioned.\nToday, AWS is synonymous with cloud computing. In the fourth quarter,it had revenue of $12.7 billion, boosting the total for the year to $45.5 billion, up 29%. AWS ended 2020 with a backlog of $50 billion, 68% above the total a year earlier. The business has grown more than 475% since the end of 2015, and next-year sales will easily top $50 billion. Many cloud software companies—most of which wouldn’t exist without AWS—are trading for 20 times sales or higher. Apply that measure to AWS and the business is worth more than $1 trillion.\nJassy has served as CEO of Amazon Web Services since its humble beginning, and he became the logical successor to Bezos after the recent retirement of Jeff Wilke, the longtime leader of the company's retail business.\nTaken together, there has been a lot of change for Amazon in a short period. Wilke’s successor, Dave Clark, has just settled into his new role. Jassy is getting the top job. Bezos is moving to executive chairman. And someone yet to be named will take over AWS.\nIf there’s any reason for caution about Amazon, it would be a potential leadership vacuum at AWS just as competition in the cloud market is heating up.\nThere are now real rivals for AWS, although the precise math is fuzzy.Alphabet(GOOGL) had $3.8 billion in cloud revenue in the quarter, up 47%, and the company said its Google Cloud Platform, which competes with AWS, grew even faster. But that segment also includes Google Workspace, which competes with Microsoft Office.\nMicrosoft(MSFT) had“connected cloud” revenue of $16.7 billionin its latest completed quarter, but that includes more than just Azure, Microsoft’s direct rival to AWS. Microsoft also puts Office 365 and a cloud version of its Microsoft Dynamics enterprise application business in its cloud bucket.Oracle(ORCL) andIBM(IBM) also claim substantial cloud businesses. But Amazon remains the dominant player, and not by a little.\nThere are several reasons that Amazon is unlikely to miss a beat through the CEO transition.\nFirst, as executive chairman, Bezos said he intends to spend time thinking about new products and early initiatives, where he has always thrived. “Keep inventing, and don’t despair when at first the idea looks crazy,” he wrote in a letter to Amazon employees last week. “Remember to wander. Let curiosity be your compass. It remains Day 1.” Bezos is the company’s largest investor, with a stake worth about $200 billion.\nSecond, Jassy has been at Amazon for 23 years. It’s the only place where he’s worked since graduating from Harvard Business School in 1997. He has a strong reputation among Amazon watchers, Wall Street loves him, and Bezos trusts him. So, Jassy was the obvious choice.\nFinally, the transition is happening at a moment of strength for Amazon. In the fourth quarter, its sales were $125.6 billion, up 44% from the total a year earlier, blowing past Wall Street estimates. Profits of $14.09 a share in the latest quarter were nearly double analyst forecasts, even though the company spent more than $4 billion in the period to protect workers against Covid-19.\nJassy was already running the most important part of Amazon. This is no longer an e-commerce company with a cloud computing hobby; AWS is now worth more than the retail segment.\nAnd yet it’s hard to separate Amazon from Bezos. The stock fell 2% on the transition news, despite being accompanied by the banner earnings results. Any weakness could be a buying opportunity. This past week, Morgan Stanley analyst Brian Nowak reiterated his Overweight rating on the stock, upping his price target to $4,200 from $3,900 and setting a “bull case” target of $5,000, 50% above Amazon’s recent close of $3,352.\nHis view is that Bezos will still be around, Jassy knows what he’s doing, the bench is deep, e-commerce is still accelerating, and so is Amazon Web Services.\nThe bottom line: Amazon is ready for its post-Bezos close-up.","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314998158,"gmtCreate":1612283306374,"gmtModify":1704869384423,"author":{"id":"3574855677909594","authorId":"3574855677909594","name":"johndoe007","avatar":"https://static.tigerbbs.com/a8ff3036f0f1e9317bf2965a76c4954e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574855677909594","authorIdStr":"3574855677909594"},"themes":[],"htmlText":"to the moon!","listText":"to the moon!","text":"to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314998158","repostId":"1113195747","repostType":4,"repost":{"id":"1113195747","pubTimestamp":1612259771,"share":"https://ttm.financial/m/news/1113195747?lang=&edition=fundamental","pubTime":"2021-02-02 17:56","market":"us","language":"en","title":"Gamestop, silver spot down, \"farce\" is slowly ending?","url":"https://stock-news.laohu8.com/highlight/detail?id=1113195747","media":"reuters","summary":"SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a s","content":"<p>SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a silver buying spree led by small investors subsided as retail-driven mania for shorted assets started to show signs of fizzling out.</p>\n<p>GameStop’s Frankfurt-listed shares were down 30% from Monday’s close at 143 euros ($172.72) in early trade on Tuesday, after the firm’s stock closed at $225 in U.S. markets. It fell 23% to $173 in pre-market U.S. trade.</p>\n<p>Spot silver prices fell more than 4% to $27.66 an ounce to sit some 8% beneath the eight-year high made on Monday, when retail traders bought coins and piled into silver funds to set prices spiking.</p>\n<p>Analysts said the silver pullback may show the limits of small investors’ impact in a large market, while posts on the popular Reddit forum WallStreetBets expressed concern that silver buying could cost traders their grip on some stocks.</p>\n<p>The social media-driven trading frenzy “could be slowly ending”, said OANDA market analyst Edward Moya. “Like all good rollercoaster rides, they all come to an end.”</p>\n<p>Retail buyers’ darling GameStop Corp dropped 30.8% on Monday, though it remains about 1,000% higher than a couple of weeks ago, before an organised band of small buyers piled in and forced a “squeeze” which required big funds to close short positions by buying shares at very high prices.</p>\n<p>Other shares caught up in a frenzy that has battered short-sellers extended their advance, including BlackBerry Ltd.</p>\n<p>Online broker Robinhood, on whose platform much of the buying and selling has taken place, also raised another $2.4 billion from shareholders just days after investors pumped in $1 billion.</p>\n<p>“It certainly feels like there’s some evidence of peak retail stall, but hard to gauge since they’re still sitting on decent profits,” said Mirabaud’s London-based equity sales trader Mark Taylor.</p>\n<p>“With volumes in all the hot stocks collapsing, silver attack met by margin, Robinhood having to seek fresh collateral at a rampant speed, the signals that the retail mania could unravel rapidly are aligning.”</p>\n<p>Small traders’ involvement in financial markets has grown sharply over the past year as lockdowns, volatility and stimulus cheques have combined to drive an investment surge that has turbocharged a huge rally in global equities since last March.</p>\n<p>Day-trading mania has boosted the price of assets ranging from cryptocurrencies to new stock market listings. In London a sign of still-strong demand came from online greeting-card retailer Moonpig, which leapt 25% on debut on Tuesday.</p>\n<p>The showdown between short-selling hedge funds and the small-time day traders also has also drawn scrutiny from financial regulators, lawmakers and the White House, concerned about possible market manipulation.</p>\n<p>Robinhood continued to roll back trading curbs on Monday, raising trading limits on GameStop to 20 shares from four.</p>\n<p>Weak prices in pre-market trade may serve as a guide to where the phenomenon is headed next, although broader markets appeared to be moving on from jitters the frenzied buying had triggered and equities in Asia rose broadly on stimulus hopes. [MKTS/GLOB]</p>\n<p>The number of shorted GameStop shares has fallen by more than half in a week, analytics firm S3 Partners said on Monday, although the videogame retailer remained the sixth-biggest short by value.</p>\n<p>“Short-squeeze mania has calmed a bit for this week,” said Chris Brankin, chief executive of broker TD Ameritrade in Singapore.</p>\n<p>QUICKSILVER</p>\n<p>Silver’s slumping spot price on Tuesday came even as dealers reported brisk trade in Asia, albeit below Monday’s massive volumes, suggesting a further squeeze higher might be unlikely.</p>\n<p>A lot of people who were anticipating a GameStop-like rally in silver “now realize there is not as much buying pressure pushing it up” as some had thought, said Michael Matousek, head trader at U.S. Global Investors.</p>\n<p>An additional drag on prices was an overnight margin hike by the Chicago Mercantile Exchange, which makes speculative trade using derivatives products more expensive.</p>\n<p>“Silver is much more liquid compared to stocks, and there are costs to holding the metal,” said Benjamin Yeo, head of dealing at Phillip Futures in Singapore, where on Monday silver futures volumes had been surging.</p>\n<p>“In the short term, we can expect more volatility from the retail buying interest, but do not think it is sustainable.”</p>\n<p>The unit price of Australia’s ETF Securities’ Physical Silver fund fell 1% in Sydney after drawing a record A$76 million ($58 million) in inflows on Monday. Small silver miners, which had leapt, also retraced some of their gains.</p>\n<p>“It is slowing down a bit,” said Gregor Gregersen, founder of Silver Bullion, a dealer in Singapore, after a wild 24 hours where he said sales exceeded average monthly levels from 2018 and orders above S$35,000 ($26,300) arrived every three minutes.</p>\n<p>Reddit moderators had on Tuesday removed one of the most popular posts suggesting buying silver and many WallStreetBets posts focused on riding out the volatility.</p>\n<p>“WHO IS HOLDING GME WITH ME?” read one top post. “I’M HOLDING EVEN IF MY PORTFOLIO GOES DOWN TO ZERO,” read another.</p>\n<p>($1 = 0.8280 euros)</p>\n<p>($1 = 1.3108 Australian dollars)</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>Gamestop, silver spot down, \"farce\" is slowly ending?</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\">\nGamestop, silver spot down, \"farce\" is slowly ending?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 17:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-retail-trading/gamestop-slides-silver-spree-stalls-as-retail-traders-run-out-of-road-idUSKBN2A20ZS?il=0><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a silver buying spree led by small investors subsided as retail-driven mania for shorted assets started...</p>\n\n<a href=\"https://www.reuters.com/article/us-retail-trading/gamestop-slides-silver-spree-stalls-as-retail-traders-run-out-of-road-idUSKBN2A20ZS?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3780c78c8bb55dbf0b4bcd80ffe89707","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.reuters.com/article/us-retail-trading/gamestop-slides-silver-spree-stalls-as-retail-traders-run-out-of-road-idUSKBN2A20ZS?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113195747","content_text":"SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a silver buying spree led by small investors subsided as retail-driven mania for shorted assets started to show signs of fizzling out.\nGameStop’s Frankfurt-listed shares were down 30% from Monday’s close at 143 euros ($172.72) in early trade on Tuesday, after the firm’s stock closed at $225 in U.S. markets. It fell 23% to $173 in pre-market U.S. trade.\nSpot silver prices fell more than 4% to $27.66 an ounce to sit some 8% beneath the eight-year high made on Monday, when retail traders bought coins and piled into silver funds to set prices spiking.\nAnalysts said the silver pullback may show the limits of small investors’ impact in a large market, while posts on the popular Reddit forum WallStreetBets expressed concern that silver buying could cost traders their grip on some stocks.\nThe social media-driven trading frenzy “could be slowly ending”, said OANDA market analyst Edward Moya. “Like all good rollercoaster rides, they all come to an end.”\nRetail buyers’ darling GameStop Corp dropped 30.8% on Monday, though it remains about 1,000% higher than a couple of weeks ago, before an organised band of small buyers piled in and forced a “squeeze” which required big funds to close short positions by buying shares at very high prices.\nOther shares caught up in a frenzy that has battered short-sellers extended their advance, including BlackBerry Ltd.\nOnline broker Robinhood, on whose platform much of the buying and selling has taken place, also raised another $2.4 billion from shareholders just days after investors pumped in $1 billion.\n“It certainly feels like there’s some evidence of peak retail stall, but hard to gauge since they’re still sitting on decent profits,” said Mirabaud’s London-based equity sales trader Mark Taylor.\n“With volumes in all the hot stocks collapsing, silver attack met by margin, Robinhood having to seek fresh collateral at a rampant speed, the signals that the retail mania could unravel rapidly are aligning.”\nSmall traders’ involvement in financial markets has grown sharply over the past year as lockdowns, volatility and stimulus cheques have combined to drive an investment surge that has turbocharged a huge rally in global equities since last March.\nDay-trading mania has boosted the price of assets ranging from cryptocurrencies to new stock market listings. In London a sign of still-strong demand came from online greeting-card retailer Moonpig, which leapt 25% on debut on Tuesday.\nThe showdown between short-selling hedge funds and the small-time day traders also has also drawn scrutiny from financial regulators, lawmakers and the White House, concerned about possible market manipulation.\nRobinhood continued to roll back trading curbs on Monday, raising trading limits on GameStop to 20 shares from four.\nWeak prices in pre-market trade may serve as a guide to where the phenomenon is headed next, although broader markets appeared to be moving on from jitters the frenzied buying had triggered and equities in Asia rose broadly on stimulus hopes. [MKTS/GLOB]\nThe number of shorted GameStop shares has fallen by more than half in a week, analytics firm S3 Partners said on Monday, although the videogame retailer remained the sixth-biggest short by value.\n“Short-squeeze mania has calmed a bit for this week,” said Chris Brankin, chief executive of broker TD Ameritrade in Singapore.\nQUICKSILVER\nSilver’s slumping spot price on Tuesday came even as dealers reported brisk trade in Asia, albeit below Monday’s massive volumes, suggesting a further squeeze higher might be unlikely.\nA lot of people who were anticipating a GameStop-like rally in silver “now realize there is not as much buying pressure pushing it up” as some had thought, said Michael Matousek, head trader at U.S. Global Investors.\nAn additional drag on prices was an overnight margin hike by the Chicago Mercantile Exchange, which makes speculative trade using derivatives products more expensive.\n“Silver is much more liquid compared to stocks, and there are costs to holding the metal,” said Benjamin Yeo, head of dealing at Phillip Futures in Singapore, where on Monday silver futures volumes had been surging.\n“In the short term, we can expect more volatility from the retail buying interest, but do not think it is sustainable.”\nThe unit price of Australia’s ETF Securities’ Physical Silver fund fell 1% in Sydney after drawing a record A$76 million ($58 million) in inflows on Monday. Small silver miners, which had leapt, also retraced some of their gains.\n“It is slowing down a bit,” said Gregor Gregersen, founder of Silver Bullion, a dealer in Singapore, after a wild 24 hours where he said sales exceeded average monthly levels from 2018 and orders above S$35,000 ($26,300) arrived every three minutes.\nReddit moderators had on Tuesday removed one of the most popular posts suggesting buying silver and many WallStreetBets posts focused on riding out the volatility.\n“WHO IS HOLDING GME WITH ME?” read one top post. “I’M HOLDING EVEN IF MY PORTFOLIO GOES DOWN TO ZERO,” read another.\n($1 = 0.8280 euros)\n($1 = 1.3108 Australian dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314907830,"gmtCreate":1612283066520,"gmtModify":1704869378895,"author":{"id":"3574855677909594","authorId":"3574855677909594","name":"johndoe007","avatar":"https://static.tigerbbs.com/a8ff3036f0f1e9317bf2965a76c4954e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574855677909594","authorIdStr":"3574855677909594"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314907830","repostId":"1113370222","repostType":4,"repost":{"id":"1113370222","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":1612260259,"share":"https://ttm.financial/m/news/1113370222?lang=&edition=fundamental","pubTime":"2021-02-02 18:04","market":"us","language":"en","title":"Pandemic drives oil major BP to first loss in a decade","url":"https://stock-news.laohu8.com/highlight/detail?id=1113370222","media":"Reuters","summary":"LONDON (Reuters) - BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandem","content":"<p>LONDON (Reuters) - BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions.</p>\n<p>Despite the weak environment, however, CEO Bernard Looney told Reuters the company’s transition to a greener future remained on track. It is aiming to ramp up renewable power generation to 50 gigawatts (GW) by 2030 from 3.3 GW currently, while slashing oil output to reduce greenhouse gas emissions.</p>\n<p>Capital expenditure is set to rise to $13 billion this year, of which $9 billion will still go to oil and gas, $2 billion to low-carbon projects and $2 billion to mobility, Chief Financial Officer Murray Auchincloss said. That compared with a budget of $12 billion in 2020.</p>\n<p>For the last quarter of 2020, BP reported a profit of $115 million, falling short of analysts’ forecasts due to weak oil and gas sales and subdued trading, it said on Tuesday.</p>\n<p>“A tough quarter at the end of a tough year,” Looney said in an analyst call.</p>\n<p>At 0920 GMT, BP shares were down 3.5% at 258.9 pence.</p>\n<p>Flagging a weak start to 2021, BP said: “We expect renewed COVID-19 restrictions to have a greater impact on product demand, with January retail volumes down by around 20% year on year, compared with a decline of 11% in the fourth quarter.”</p>\n<p>Oil demand is nevertheless expected to recover in 2021, with global inventories expected to return to their five-year average by the middle of the year, Looney told Reuters.</p>\n<p>Tighter global natural gas markets are expected to further support profits, BP said.</p>\n<p>Adjusted profit at its downstream - or refining and marketing - business in the fourth quarter collapsed to $126 million, less than a tenth of what it was a year earlier.</p>\n<p>BP’s shares have lost over 40% of their value over the past year and remain near 25-year lows, battered by concerns over oil demand due to the pandemic as well as investor doubts over BP’s ability to successfully carry out its an ambitious plan to shift away from fossil fuels to renewable energy.</p>\n<p>Rivals including Royal Dutch Shell and Exxon Mobil have also seen their market values sink in recent months.</p>\n<p>BP’s overall fourth-quarter underlying replacement cost profit, its definition of net income, of $115 million fell short of the $360 million seen in a company-provided poll of analysts.</p>\n<p>That compared with an $86 million profit in the third quarter and a profit of $2.6 billion a year earlier.</p>\n<p>For the year, BP reported an underlying loss of $5.69 billion, compared with a profit of $10 billion in 2019.</p>\n<p>BP’s debt pile of $39 billion is expected to rise in the first half of this year as it continues to struggle with a weak business environment, but the company said it remained on track to reduce it to $35 billion by early 2022.</p>\n<p>At that debt level, BP plans to start share buybacks.</p>\n<p>BP’s dividend remained at 5.25 cents per share.</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>Pandemic drives oil major BP to first loss in a decade</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\">\nPandemic drives oil major BP to first loss in a decade\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\">2021-02-02 18:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LONDON (Reuters) - BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions.</p>\n<p>Despite the weak environment, however, CEO Bernard Looney told Reuters the company’s transition to a greener future remained on track. It is aiming to ramp up renewable power generation to 50 gigawatts (GW) by 2030 from 3.3 GW currently, while slashing oil output to reduce greenhouse gas emissions.</p>\n<p>Capital expenditure is set to rise to $13 billion this year, of which $9 billion will still go to oil and gas, $2 billion to low-carbon projects and $2 billion to mobility, Chief Financial Officer Murray Auchincloss said. That compared with a budget of $12 billion in 2020.</p>\n<p>For the last quarter of 2020, BP reported a profit of $115 million, falling short of analysts’ forecasts due to weak oil and gas sales and subdued trading, it said on Tuesday.</p>\n<p>“A tough quarter at the end of a tough year,” Looney said in an analyst call.</p>\n<p>At 0920 GMT, BP shares were down 3.5% at 258.9 pence.</p>\n<p>Flagging a weak start to 2021, BP said: “We expect renewed COVID-19 restrictions to have a greater impact on product demand, with January retail volumes down by around 20% year on year, compared with a decline of 11% in the fourth quarter.”</p>\n<p>Oil demand is nevertheless expected to recover in 2021, with global inventories expected to return to their five-year average by the middle of the year, Looney told Reuters.</p>\n<p>Tighter global natural gas markets are expected to further support profits, BP said.</p>\n<p>Adjusted profit at its downstream - or refining and marketing - business in the fourth quarter collapsed to $126 million, less than a tenth of what it was a year earlier.</p>\n<p>BP’s shares have lost over 40% of their value over the past year and remain near 25-year lows, battered by concerns over oil demand due to the pandemic as well as investor doubts over BP’s ability to successfully carry out its an ambitious plan to shift away from fossil fuels to renewable energy.</p>\n<p>Rivals including Royal Dutch Shell and Exxon Mobil have also seen their market values sink in recent months.</p>\n<p>BP’s overall fourth-quarter underlying replacement cost profit, its definition of net income, of $115 million fell short of the $360 million seen in a company-provided poll of analysts.</p>\n<p>That compared with an $86 million profit in the third quarter and a profit of $2.6 billion a year earlier.</p>\n<p>For the year, BP reported an underlying loss of $5.69 billion, compared with a profit of $10 billion in 2019.</p>\n<p>BP’s debt pile of $39 billion is expected to rise in the first half of this year as it continues to struggle with a weak business environment, but the company said it remained on track to reduce it to $35 billion by early 2022.</p>\n<p>At that debt level, BP plans to start share buybacks.</p>\n<p>BP’s dividend remained at 5.25 cents per share.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BP":"英国石油"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113370222","content_text":"LONDON (Reuters) - BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions.\nDespite the weak environment, however, CEO Bernard Looney told Reuters the company’s transition to a greener future remained on track. It is aiming to ramp up renewable power generation to 50 gigawatts (GW) by 2030 from 3.3 GW currently, while slashing oil output to reduce greenhouse gas emissions.\nCapital expenditure is set to rise to $13 billion this year, of which $9 billion will still go to oil and gas, $2 billion to low-carbon projects and $2 billion to mobility, Chief Financial Officer Murray Auchincloss said. That compared with a budget of $12 billion in 2020.\nFor the last quarter of 2020, BP reported a profit of $115 million, falling short of analysts’ forecasts due to weak oil and gas sales and subdued trading, it said on Tuesday.\n“A tough quarter at the end of a tough year,” Looney said in an analyst call.\nAt 0920 GMT, BP shares were down 3.5% at 258.9 pence.\nFlagging a weak start to 2021, BP said: “We expect renewed COVID-19 restrictions to have a greater impact on product demand, with January retail volumes down by around 20% year on year, compared with a decline of 11% in the fourth quarter.”\nOil demand is nevertheless expected to recover in 2021, with global inventories expected to return to their five-year average by the middle of the year, Looney told Reuters.\nTighter global natural gas markets are expected to further support profits, BP said.\nAdjusted profit at its downstream - or refining and marketing - business in the fourth quarter collapsed to $126 million, less than a tenth of what it was a year earlier.\nBP’s shares have lost over 40% of their value over the past year and remain near 25-year lows, battered by concerns over oil demand due to the pandemic as well as investor doubts over BP’s ability to successfully carry out its an ambitious plan to shift away from fossil fuels to renewable energy.\nRivals including Royal Dutch Shell and Exxon Mobil have also seen their market values sink in recent months.\nBP’s overall fourth-quarter underlying replacement cost profit, its definition of net income, of $115 million fell short of the $360 million seen in a company-provided poll of analysts.\nThat compared with an $86 million profit in the third quarter and a profit of $2.6 billion a year earlier.\nFor the year, BP reported an underlying loss of $5.69 billion, compared with a profit of $10 billion in 2019.\nBP’s debt pile of $39 billion is expected to rise in the first half of this year as it continues to struggle with a weak business environment, but the company said it remained on track to reduce it to $35 billion by early 2022.\nAt that debt level, BP plans to start share buybacks.\nBP’s dividend remained at 5.25 cents per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314904100,"gmtCreate":1612282995400,"gmtModify":1704869378243,"author":{"id":"3574855677909594","authorId":"3574855677909594","name":"johndoe007","avatar":"https://static.tigerbbs.com/a8ff3036f0f1e9317bf2965a76c4954e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574855677909594","authorIdStr":"3574855677909594"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314904100","repostId":"1121523059","repostType":4,"repost":{"id":"1121523059","pubTimestamp":1612262282,"share":"https://ttm.financial/m/news/1121523059?lang=&edition=fundamental","pubTime":"2021-02-02 18:38","market":"us","language":"en","title":"Ford to invest $1 billion to upgrade South Africa operations","url":"https://stock-news.laohu8.com/highlight/detail?id=1121523059","media":"reuters","summary":"JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing ","content":"<p>JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker said on Tuesday.</p>\n<p>The investments aim to increase Ford’s installed capacity in South Africa from 168,000 to 200,000 vehicles, said Andrea Cavallaro, operations director of Ford’s International Market Group.</p>\n<p>“It’s the biggest investment in Ford’s 97-year history in South Africa and one of the largest ever in the local automotive industry,” he told an announcement event.</p>\n<p>The amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, a suburb of the administrative capital Pretoria, and $365 million to upgrade tooling at major supplier factories.</p>\n<p>The expanded production will create 1,200 jobs with Ford in South Africa, increasing the local workforce to 5,500 employees, while adding an estimated 10,000 new jobs across the carmaker’s supplier network.</p>\n<p>Ford also aims to make the Silverton plant entirely energy self-sufficient and carbon neutral by 2024, Cavallaro said.</p>","source":"ltzww","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>Ford to invest $1 billion to upgrade South Africa operations</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\">\nFord to invest $1 billion to upgrade South Africa operations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 18:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-ford-motor-safrica/ford-to-invest-1-billion-to-upgrade-south-africa-operations-idUSKBN2A210U?il=0><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker ...</p>\n\n<a href=\"https://www.reuters.com/article/us-ford-motor-safrica/ford-to-invest-1-billion-to-upgrade-south-africa-operations-idUSKBN2A210U?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c9c7511e646b4f70e751ca585ab218a0","relate_stocks":{"F":"福特汽车"},"source_url":"https://www.reuters.com/article/us-ford-motor-safrica/ford-to-invest-1-billion-to-upgrade-south-africa-operations-idUSKBN2A210U?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121523059","content_text":"JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker said on Tuesday.\nThe investments aim to increase Ford’s installed capacity in South Africa from 168,000 to 200,000 vehicles, said Andrea Cavallaro, operations director of Ford’s International Market Group.\n“It’s the biggest investment in Ford’s 97-year history in South Africa and one of the largest ever in the local automotive industry,” he told an announcement event.\nThe amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, a suburb of the administrative capital Pretoria, and $365 million to upgrade tooling at major supplier factories.\nThe expanded production will create 1,200 jobs with Ford in South Africa, increasing the local workforce to 5,500 employees, while adding an estimated 10,000 new jobs across the carmaker’s supplier network.\nFord also aims to make the Silverton plant entirely energy self-sufficient and carbon neutral by 2024, Cavallaro said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":314907830,"gmtCreate":1612283066520,"gmtModify":1704869378895,"author":{"id":"3574855677909594","authorId":"3574855677909594","name":"johndoe007","avatar":"https://static.tigerbbs.com/a8ff3036f0f1e9317bf2965a76c4954e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574855677909594","authorIdStr":"3574855677909594"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314907830","repostId":"1113370222","repostType":4,"repost":{"id":"1113370222","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":1612260259,"share":"https://ttm.financial/m/news/1113370222?lang=&edition=fundamental","pubTime":"2021-02-02 18:04","market":"us","language":"en","title":"Pandemic drives oil major BP to first loss in a decade","url":"https://stock-news.laohu8.com/highlight/detail?id=1113370222","media":"Reuters","summary":"LONDON (Reuters) - BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandem","content":"<p>LONDON (Reuters) - BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions.</p>\n<p>Despite the weak environment, however, CEO Bernard Looney told Reuters the company’s transition to a greener future remained on track. It is aiming to ramp up renewable power generation to 50 gigawatts (GW) by 2030 from 3.3 GW currently, while slashing oil output to reduce greenhouse gas emissions.</p>\n<p>Capital expenditure is set to rise to $13 billion this year, of which $9 billion will still go to oil and gas, $2 billion to low-carbon projects and $2 billion to mobility, Chief Financial Officer Murray Auchincloss said. That compared with a budget of $12 billion in 2020.</p>\n<p>For the last quarter of 2020, BP reported a profit of $115 million, falling short of analysts’ forecasts due to weak oil and gas sales and subdued trading, it said on Tuesday.</p>\n<p>“A tough quarter at the end of a tough year,” Looney said in an analyst call.</p>\n<p>At 0920 GMT, BP shares were down 3.5% at 258.9 pence.</p>\n<p>Flagging a weak start to 2021, BP said: “We expect renewed COVID-19 restrictions to have a greater impact on product demand, with January retail volumes down by around 20% year on year, compared with a decline of 11% in the fourth quarter.”</p>\n<p>Oil demand is nevertheless expected to recover in 2021, with global inventories expected to return to their five-year average by the middle of the year, Looney told Reuters.</p>\n<p>Tighter global natural gas markets are expected to further support profits, BP said.</p>\n<p>Adjusted profit at its downstream - or refining and marketing - business in the fourth quarter collapsed to $126 million, less than a tenth of what it was a year earlier.</p>\n<p>BP’s shares have lost over 40% of their value over the past year and remain near 25-year lows, battered by concerns over oil demand due to the pandemic as well as investor doubts over BP’s ability to successfully carry out its an ambitious plan to shift away from fossil fuels to renewable energy.</p>\n<p>Rivals including Royal Dutch Shell and Exxon Mobil have also seen their market values sink in recent months.</p>\n<p>BP’s overall fourth-quarter underlying replacement cost profit, its definition of net income, of $115 million fell short of the $360 million seen in a company-provided poll of analysts.</p>\n<p>That compared with an $86 million profit in the third quarter and a profit of $2.6 billion a year earlier.</p>\n<p>For the year, BP reported an underlying loss of $5.69 billion, compared with a profit of $10 billion in 2019.</p>\n<p>BP’s debt pile of $39 billion is expected to rise in the first half of this year as it continues to struggle with a weak business environment, but the company said it remained on track to reduce it to $35 billion by early 2022.</p>\n<p>At that debt level, BP plans to start share buybacks.</p>\n<p>BP’s dividend remained at 5.25 cents per share.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nPandemic drives oil major BP to first loss in a decade\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\">2021-02-02 18:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LONDON (Reuters) - BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions.</p>\n<p>Despite the weak environment, however, CEO Bernard Looney told Reuters the company’s transition to a greener future remained on track. It is aiming to ramp up renewable power generation to 50 gigawatts (GW) by 2030 from 3.3 GW currently, while slashing oil output to reduce greenhouse gas emissions.</p>\n<p>Capital expenditure is set to rise to $13 billion this year, of which $9 billion will still go to oil and gas, $2 billion to low-carbon projects and $2 billion to mobility, Chief Financial Officer Murray Auchincloss said. That compared with a budget of $12 billion in 2020.</p>\n<p>For the last quarter of 2020, BP reported a profit of $115 million, falling short of analysts’ forecasts due to weak oil and gas sales and subdued trading, it said on Tuesday.</p>\n<p>“A tough quarter at the end of a tough year,” Looney said in an analyst call.</p>\n<p>At 0920 GMT, BP shares were down 3.5% at 258.9 pence.</p>\n<p>Flagging a weak start to 2021, BP said: “We expect renewed COVID-19 restrictions to have a greater impact on product demand, with January retail volumes down by around 20% year on year, compared with a decline of 11% in the fourth quarter.”</p>\n<p>Oil demand is nevertheless expected to recover in 2021, with global inventories expected to return to their five-year average by the middle of the year, Looney told Reuters.</p>\n<p>Tighter global natural gas markets are expected to further support profits, BP said.</p>\n<p>Adjusted profit at its downstream - or refining and marketing - business in the fourth quarter collapsed to $126 million, less than a tenth of what it was a year earlier.</p>\n<p>BP’s shares have lost over 40% of their value over the past year and remain near 25-year lows, battered by concerns over oil demand due to the pandemic as well as investor doubts over BP’s ability to successfully carry out its an ambitious plan to shift away from fossil fuels to renewable energy.</p>\n<p>Rivals including Royal Dutch Shell and Exxon Mobil have also seen their market values sink in recent months.</p>\n<p>BP’s overall fourth-quarter underlying replacement cost profit, its definition of net income, of $115 million fell short of the $360 million seen in a company-provided poll of analysts.</p>\n<p>That compared with an $86 million profit in the third quarter and a profit of $2.6 billion a year earlier.</p>\n<p>For the year, BP reported an underlying loss of $5.69 billion, compared with a profit of $10 billion in 2019.</p>\n<p>BP’s debt pile of $39 billion is expected to rise in the first half of this year as it continues to struggle with a weak business environment, but the company said it remained on track to reduce it to $35 billion by early 2022.</p>\n<p>At that debt level, BP plans to start share buybacks.</p>\n<p>BP’s dividend remained at 5.25 cents per share.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BP":"英国石油"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113370222","content_text":"LONDON (Reuters) - BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions.\nDespite the weak environment, however, CEO Bernard Looney told Reuters the company’s transition to a greener future remained on track. It is aiming to ramp up renewable power generation to 50 gigawatts (GW) by 2030 from 3.3 GW currently, while slashing oil output to reduce greenhouse gas emissions.\nCapital expenditure is set to rise to $13 billion this year, of which $9 billion will still go to oil and gas, $2 billion to low-carbon projects and $2 billion to mobility, Chief Financial Officer Murray Auchincloss said. That compared with a budget of $12 billion in 2020.\nFor the last quarter of 2020, BP reported a profit of $115 million, falling short of analysts’ forecasts due to weak oil and gas sales and subdued trading, it said on Tuesday.\n“A tough quarter at the end of a tough year,” Looney said in an analyst call.\nAt 0920 GMT, BP shares were down 3.5% at 258.9 pence.\nFlagging a weak start to 2021, BP said: “We expect renewed COVID-19 restrictions to have a greater impact on product demand, with January retail volumes down by around 20% year on year, compared with a decline of 11% in the fourth quarter.”\nOil demand is nevertheless expected to recover in 2021, with global inventories expected to return to their five-year average by the middle of the year, Looney told Reuters.\nTighter global natural gas markets are expected to further support profits, BP said.\nAdjusted profit at its downstream - or refining and marketing - business in the fourth quarter collapsed to $126 million, less than a tenth of what it was a year earlier.\nBP’s shares have lost over 40% of their value over the past year and remain near 25-year lows, battered by concerns over oil demand due to the pandemic as well as investor doubts over BP’s ability to successfully carry out its an ambitious plan to shift away from fossil fuels to renewable energy.\nRivals including Royal Dutch Shell and Exxon Mobil have also seen their market values sink in recent months.\nBP’s overall fourth-quarter underlying replacement cost profit, its definition of net income, of $115 million fell short of the $360 million seen in a company-provided poll of analysts.\nThat compared with an $86 million profit in the third quarter and a profit of $2.6 billion a year earlier.\nFor the year, BP reported an underlying loss of $5.69 billion, compared with a profit of $10 billion in 2019.\nBP’s debt pile of $39 billion is expected to rise in the first half of this year as it continues to struggle with a weak business environment, but the company said it remained on track to reduce it to $35 billion by early 2022.\nAt that debt level, BP plans to start share buybacks.\nBP’s dividend remained at 5.25 cents per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389268712,"gmtCreate":1612778725736,"gmtModify":1704874063703,"author":{"id":"3574855677909594","authorId":"3574855677909594","name":"johndoe007","avatar":"https://static.tigerbbs.com/a8ff3036f0f1e9317bf2965a76c4954e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574855677909594","authorIdStr":"3574855677909594"},"themes":[],"htmlText":"i just need you guys to release more stocks??","listText":"i just need you guys to release more stocks??","text":"i just need you guys to release more stocks??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389268712","repostId":"1146599524","repostType":4,"repost":{"id":"1146599524","pubTimestamp":1612778385,"share":"https://ttm.financial/m/news/1146599524?lang=&edition=fundamental","pubTime":"2021-02-08 17:59","market":"us","language":"en","title":"Amazon Sends a Clear Message–the Future Is in The Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1146599524","media":"Barrons","summary":"Everyone knew the day was coming, but investors still seemed surprised by Jeff Bezos’ announcement t","content":"<p>Everyone knew the day was coming, but investors still seemed surprised by Jeff Bezos’ announcement that he would be stepping down as CEO.Amazon.comhas never had another chief executive, after all, and Bezosbuilt the business from scratchinto one of the world’s largest companies, with 1.3 million employees, annual revenue nearing $500 billion, and a market value of $1.7 trillion.</p>\n<p>No one has ever launched a company and steered it to a valuation of more than a $1 trillion while still at the helm. By that measure, Bezos is more successful than Steve Jobs, Bill Gates, Warren Buffett, Sam Walton,Walt Disney,Henry Ford, Andrew Carnegie, or John D. Rockefeller.</p>\n<p>Amazon (ticker: AMZN) shares have appreciated every year since 2014, increasing more than tenfold over that span. The company has spent years pressing its advantage in e-commerce. It has a growing fleet of delivery trucks and jets servicing vast warehouses staffed by humans and robots.</p>\n<p>And, yet, the real value driver has been the emergence of Amazon Web Services, an idea nurtured by Bezos’ longtime lieutenant, Andy Jassy—yes, the manjust named to replace Bezos as CEOlater this year.</p>\n<p>In July 2002, Amazon issued a short press releaseunveiling Amazon.com Web Services. Bezos said that Amazon was “putting out a welcome mat for developers,” adding prophetically, “this is an important beginning and new direction for us.” The word “cloud” wasn’t mentioned.</p>\n<p>Today, AWS is synonymous with cloud computing. In the fourth quarter,it had revenue of $12.7 billion, boosting the total for the year to $45.5 billion, up 29%. AWS ended 2020 with a backlog of $50 billion, 68% above the total a year earlier. The business has grown more than 475% since the end of 2015, and next-year sales will easily top $50 billion. Many cloud software companies—most of which wouldn’t exist without AWS—are trading for 20 times sales or higher. Apply that measure to AWS and the business is worth more than $1 trillion.</p>\n<p>Jassy has served as CEO of Amazon Web Services since its humble beginning, and he became the logical successor to Bezos after the recent retirement of Jeff Wilke, the longtime leader of the company's retail business.</p>\n<p>Taken together, there has been a lot of change for Amazon in a short period. Wilke’s successor, Dave Clark, has just settled into his new role. Jassy is getting the top job. Bezos is moving to executive chairman. And someone yet to be named will take over AWS.</p>\n<p>If there’s any reason for caution about Amazon, it would be a potential leadership vacuum at AWS just as competition in the cloud market is heating up.</p>\n<p>There are now real rivals for AWS, although the precise math is fuzzy.Alphabet(GOOGL) had $3.8 billion in cloud revenue in the quarter, up 47%, and the company said its Google Cloud Platform, which competes with AWS, grew even faster. But that segment also includes Google Workspace, which competes with Microsoft Office.</p>\n<p>Microsoft(MSFT) had“connected cloud” revenue of $16.7 billionin its latest completed quarter, but that includes more than just Azure, Microsoft’s direct rival to AWS. Microsoft also puts Office 365 and a cloud version of its Microsoft Dynamics enterprise application business in its cloud bucket.Oracle(ORCL) andIBM(IBM) also claim substantial cloud businesses. But Amazon remains the dominant player, and not by a little.</p>\n<p>There are several reasons that Amazon is unlikely to miss a beat through the CEO transition.</p>\n<p>First, as executive chairman, Bezos said he intends to spend time thinking about new products and early initiatives, where he has always thrived. “Keep inventing, and don’t despair when at first the idea looks crazy,” he wrote in a letter to Amazon employees last week. “Remember to wander. Let curiosity be your compass. It remains Day 1.” Bezos is the company’s largest investor, with a stake worth about $200 billion.</p>\n<p>Second, Jassy has been at Amazon for 23 years. It’s the only place where he’s worked since graduating from Harvard Business School in 1997. He has a strong reputation among Amazon watchers, Wall Street loves him, and Bezos trusts him. So, Jassy was the obvious choice.</p>\n<p>Finally, the transition is happening at a moment of strength for Amazon. In the fourth quarter, its sales were $125.6 billion, up 44% from the total a year earlier, blowing past Wall Street estimates. Profits of $14.09 a share in the latest quarter were nearly double analyst forecasts, even though the company spent more than $4 billion in the period to protect workers against Covid-19.</p>\n<p>Jassy was already running the most important part of Amazon. This is no longer an e-commerce company with a cloud computing hobby; AWS is now worth more than the retail segment.</p>\n<p>And yet it’s hard to separate Amazon from Bezos. The stock fell 2% on the transition news, despite being accompanied by the banner earnings results. Any weakness could be a buying opportunity. This past week, Morgan Stanley analyst Brian Nowak reiterated his Overweight rating on the stock, upping his price target to $4,200 from $3,900 and setting a “bull case” target of $5,000, 50% above Amazon’s recent close of $3,352.</p>\n<p>His view is that Bezos will still be around, Jassy knows what he’s doing, the bench is deep, e-commerce is still accelerating, and so is Amazon Web Services.</p>\n<p>The bottom line: Amazon is ready for its post-Bezos close-up.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> Amazon Sends a Clear Message–the Future Is in The Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n Amazon Sends a Clear Message–the Future Is in The Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 17:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/jeff-bezos-found-a-perfect-replacement-in-aws-chief-andy-jassy-51612566805?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Everyone knew the day was coming, but investors still seemed surprised by Jeff Bezos’ announcement that he would be stepping down as CEO.Amazon.comhas never had another chief executive, after all, and...</p>\n\n<a href=\"https://www.barrons.com/articles/jeff-bezos-found-a-perfect-replacement-in-aws-chief-andy-jassy-51612566805?mod=RTA\">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"},"source_url":"https://www.barrons.com/articles/jeff-bezos-found-a-perfect-replacement-in-aws-chief-andy-jassy-51612566805?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146599524","content_text":"Everyone knew the day was coming, but investors still seemed surprised by Jeff Bezos’ announcement that he would be stepping down as CEO.Amazon.comhas never had another chief executive, after all, and Bezosbuilt the business from scratchinto one of the world’s largest companies, with 1.3 million employees, annual revenue nearing $500 billion, and a market value of $1.7 trillion.\nNo one has ever launched a company and steered it to a valuation of more than a $1 trillion while still at the helm. By that measure, Bezos is more successful than Steve Jobs, Bill Gates, Warren Buffett, Sam Walton,Walt Disney,Henry Ford, Andrew Carnegie, or John D. Rockefeller.\nAmazon (ticker: AMZN) shares have appreciated every year since 2014, increasing more than tenfold over that span. The company has spent years pressing its advantage in e-commerce. It has a growing fleet of delivery trucks and jets servicing vast warehouses staffed by humans and robots.\nAnd, yet, the real value driver has been the emergence of Amazon Web Services, an idea nurtured by Bezos’ longtime lieutenant, Andy Jassy—yes, the manjust named to replace Bezos as CEOlater this year.\nIn July 2002, Amazon issued a short press releaseunveiling Amazon.com Web Services. Bezos said that Amazon was “putting out a welcome mat for developers,” adding prophetically, “this is an important beginning and new direction for us.” The word “cloud” wasn’t mentioned.\nToday, AWS is synonymous with cloud computing. In the fourth quarter,it had revenue of $12.7 billion, boosting the total for the year to $45.5 billion, up 29%. AWS ended 2020 with a backlog of $50 billion, 68% above the total a year earlier. The business has grown more than 475% since the end of 2015, and next-year sales will easily top $50 billion. Many cloud software companies—most of which wouldn’t exist without AWS—are trading for 20 times sales or higher. Apply that measure to AWS and the business is worth more than $1 trillion.\nJassy has served as CEO of Amazon Web Services since its humble beginning, and he became the logical successor to Bezos after the recent retirement of Jeff Wilke, the longtime leader of the company's retail business.\nTaken together, there has been a lot of change for Amazon in a short period. Wilke’s successor, Dave Clark, has just settled into his new role. Jassy is getting the top job. Bezos is moving to executive chairman. And someone yet to be named will take over AWS.\nIf there’s any reason for caution about Amazon, it would be a potential leadership vacuum at AWS just as competition in the cloud market is heating up.\nThere are now real rivals for AWS, although the precise math is fuzzy.Alphabet(GOOGL) had $3.8 billion in cloud revenue in the quarter, up 47%, and the company said its Google Cloud Platform, which competes with AWS, grew even faster. But that segment also includes Google Workspace, which competes with Microsoft Office.\nMicrosoft(MSFT) had“connected cloud” revenue of $16.7 billionin its latest completed quarter, but that includes more than just Azure, Microsoft’s direct rival to AWS. Microsoft also puts Office 365 and a cloud version of its Microsoft Dynamics enterprise application business in its cloud bucket.Oracle(ORCL) andIBM(IBM) also claim substantial cloud businesses. But Amazon remains the dominant player, and not by a little.\nThere are several reasons that Amazon is unlikely to miss a beat through the CEO transition.\nFirst, as executive chairman, Bezos said he intends to spend time thinking about new products and early initiatives, where he has always thrived. “Keep inventing, and don’t despair when at first the idea looks crazy,” he wrote in a letter to Amazon employees last week. “Remember to wander. Let curiosity be your compass. It remains Day 1.” Bezos is the company’s largest investor, with a stake worth about $200 billion.\nSecond, Jassy has been at Amazon for 23 years. It’s the only place where he’s worked since graduating from Harvard Business School in 1997. He has a strong reputation among Amazon watchers, Wall Street loves him, and Bezos trusts him. So, Jassy was the obvious choice.\nFinally, the transition is happening at a moment of strength for Amazon. In the fourth quarter, its sales were $125.6 billion, up 44% from the total a year earlier, blowing past Wall Street estimates. Profits of $14.09 a share in the latest quarter were nearly double analyst forecasts, even though the company spent more than $4 billion in the period to protect workers against Covid-19.\nJassy was already running the most important part of Amazon. This is no longer an e-commerce company with a cloud computing hobby; AWS is now worth more than the retail segment.\nAnd yet it’s hard to separate Amazon from Bezos. The stock fell 2% on the transition news, despite being accompanied by the banner earnings results. Any weakness could be a buying opportunity. This past week, Morgan Stanley analyst Brian Nowak reiterated his Overweight rating on the stock, upping his price target to $4,200 from $3,900 and setting a “bull case” target of $5,000, 50% above Amazon’s recent close of $3,352.\nHis view is that Bezos will still be around, Jassy knows what he’s doing, the bench is deep, e-commerce is still accelerating, and so is Amazon Web Services.\nThe bottom line: Amazon is ready for its post-Bezos close-up.","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314998158,"gmtCreate":1612283306374,"gmtModify":1704869384423,"author":{"id":"3574855677909594","authorId":"3574855677909594","name":"johndoe007","avatar":"https://static.tigerbbs.com/a8ff3036f0f1e9317bf2965a76c4954e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574855677909594","authorIdStr":"3574855677909594"},"themes":[],"htmlText":"to the moon!","listText":"to the moon!","text":"to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314998158","repostId":"1113195747","repostType":4,"repost":{"id":"1113195747","pubTimestamp":1612259771,"share":"https://ttm.financial/m/news/1113195747?lang=&edition=fundamental","pubTime":"2021-02-02 17:56","market":"us","language":"en","title":"Gamestop, silver spot down, \"farce\" is slowly ending?","url":"https://stock-news.laohu8.com/highlight/detail?id=1113195747","media":"reuters","summary":"SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a s","content":"<p>SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a silver buying spree led by small investors subsided as retail-driven mania for shorted assets started to show signs of fizzling out.</p>\n<p>GameStop’s Frankfurt-listed shares were down 30% from Monday’s close at 143 euros ($172.72) in early trade on Tuesday, after the firm’s stock closed at $225 in U.S. markets. It fell 23% to $173 in pre-market U.S. trade.</p>\n<p>Spot silver prices fell more than 4% to $27.66 an ounce to sit some 8% beneath the eight-year high made on Monday, when retail traders bought coins and piled into silver funds to set prices spiking.</p>\n<p>Analysts said the silver pullback may show the limits of small investors’ impact in a large market, while posts on the popular Reddit forum WallStreetBets expressed concern that silver buying could cost traders their grip on some stocks.</p>\n<p>The social media-driven trading frenzy “could be slowly ending”, said OANDA market analyst Edward Moya. “Like all good rollercoaster rides, they all come to an end.”</p>\n<p>Retail buyers’ darling GameStop Corp dropped 30.8% on Monday, though it remains about 1,000% higher than a couple of weeks ago, before an organised band of small buyers piled in and forced a “squeeze” which required big funds to close short positions by buying shares at very high prices.</p>\n<p>Other shares caught up in a frenzy that has battered short-sellers extended their advance, including BlackBerry Ltd.</p>\n<p>Online broker Robinhood, on whose platform much of the buying and selling has taken place, also raised another $2.4 billion from shareholders just days after investors pumped in $1 billion.</p>\n<p>“It certainly feels like there’s some evidence of peak retail stall, but hard to gauge since they’re still sitting on decent profits,” said Mirabaud’s London-based equity sales trader Mark Taylor.</p>\n<p>“With volumes in all the hot stocks collapsing, silver attack met by margin, Robinhood having to seek fresh collateral at a rampant speed, the signals that the retail mania could unravel rapidly are aligning.”</p>\n<p>Small traders’ involvement in financial markets has grown sharply over the past year as lockdowns, volatility and stimulus cheques have combined to drive an investment surge that has turbocharged a huge rally in global equities since last March.</p>\n<p>Day-trading mania has boosted the price of assets ranging from cryptocurrencies to new stock market listings. In London a sign of still-strong demand came from online greeting-card retailer Moonpig, which leapt 25% on debut on Tuesday.</p>\n<p>The showdown between short-selling hedge funds and the small-time day traders also has also drawn scrutiny from financial regulators, lawmakers and the White House, concerned about possible market manipulation.</p>\n<p>Robinhood continued to roll back trading curbs on Monday, raising trading limits on GameStop to 20 shares from four.</p>\n<p>Weak prices in pre-market trade may serve as a guide to where the phenomenon is headed next, although broader markets appeared to be moving on from jitters the frenzied buying had triggered and equities in Asia rose broadly on stimulus hopes. [MKTS/GLOB]</p>\n<p>The number of shorted GameStop shares has fallen by more than half in a week, analytics firm S3 Partners said on Monday, although the videogame retailer remained the sixth-biggest short by value.</p>\n<p>“Short-squeeze mania has calmed a bit for this week,” said Chris Brankin, chief executive of broker TD Ameritrade in Singapore.</p>\n<p>QUICKSILVER</p>\n<p>Silver’s slumping spot price on Tuesday came even as dealers reported brisk trade in Asia, albeit below Monday’s massive volumes, suggesting a further squeeze higher might be unlikely.</p>\n<p>A lot of people who were anticipating a GameStop-like rally in silver “now realize there is not as much buying pressure pushing it up” as some had thought, said Michael Matousek, head trader at U.S. Global Investors.</p>\n<p>An additional drag on prices was an overnight margin hike by the Chicago Mercantile Exchange, which makes speculative trade using derivatives products more expensive.</p>\n<p>“Silver is much more liquid compared to stocks, and there are costs to holding the metal,” said Benjamin Yeo, head of dealing at Phillip Futures in Singapore, where on Monday silver futures volumes had been surging.</p>\n<p>“In the short term, we can expect more volatility from the retail buying interest, but do not think it is sustainable.”</p>\n<p>The unit price of Australia’s ETF Securities’ Physical Silver fund fell 1% in Sydney after drawing a record A$76 million ($58 million) in inflows on Monday. Small silver miners, which had leapt, also retraced some of their gains.</p>\n<p>“It is slowing down a bit,” said Gregor Gregersen, founder of Silver Bullion, a dealer in Singapore, after a wild 24 hours where he said sales exceeded average monthly levels from 2018 and orders above S$35,000 ($26,300) arrived every three minutes.</p>\n<p>Reddit moderators had on Tuesday removed one of the most popular posts suggesting buying silver and many WallStreetBets posts focused on riding out the volatility.</p>\n<p>“WHO IS HOLDING GME WITH ME?” read one top post. “I’M HOLDING EVEN IF MY PORTFOLIO GOES DOWN TO ZERO,” read another.</p>\n<p>($1 = 0.8280 euros)</p>\n<p>($1 = 1.3108 Australian dollars)</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>Gamestop, silver spot down, \"farce\" is slowly ending?</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\">\nGamestop, silver spot down, \"farce\" is slowly ending?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 17:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-retail-trading/gamestop-slides-silver-spree-stalls-as-retail-traders-run-out-of-road-idUSKBN2A20ZS?il=0><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a silver buying spree led by small investors subsided as retail-driven mania for shorted assets started...</p>\n\n<a href=\"https://www.reuters.com/article/us-retail-trading/gamestop-slides-silver-spree-stalls-as-retail-traders-run-out-of-road-idUSKBN2A20ZS?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3780c78c8bb55dbf0b4bcd80ffe89707","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.reuters.com/article/us-retail-trading/gamestop-slides-silver-spree-stalls-as-retail-traders-run-out-of-road-idUSKBN2A20ZS?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113195747","content_text":"SINGAPORE (Reuters) - GameStop shares slid in Frankfurt and U.S. pre-market trade on Tuesday and a silver buying spree led by small investors subsided as retail-driven mania for shorted assets started to show signs of fizzling out.\nGameStop’s Frankfurt-listed shares were down 30% from Monday’s close at 143 euros ($172.72) in early trade on Tuesday, after the firm’s stock closed at $225 in U.S. markets. It fell 23% to $173 in pre-market U.S. trade.\nSpot silver prices fell more than 4% to $27.66 an ounce to sit some 8% beneath the eight-year high made on Monday, when retail traders bought coins and piled into silver funds to set prices spiking.\nAnalysts said the silver pullback may show the limits of small investors’ impact in a large market, while posts on the popular Reddit forum WallStreetBets expressed concern that silver buying could cost traders their grip on some stocks.\nThe social media-driven trading frenzy “could be slowly ending”, said OANDA market analyst Edward Moya. “Like all good rollercoaster rides, they all come to an end.”\nRetail buyers’ darling GameStop Corp dropped 30.8% on Monday, though it remains about 1,000% higher than a couple of weeks ago, before an organised band of small buyers piled in and forced a “squeeze” which required big funds to close short positions by buying shares at very high prices.\nOther shares caught up in a frenzy that has battered short-sellers extended their advance, including BlackBerry Ltd.\nOnline broker Robinhood, on whose platform much of the buying and selling has taken place, also raised another $2.4 billion from shareholders just days after investors pumped in $1 billion.\n“It certainly feels like there’s some evidence of peak retail stall, but hard to gauge since they’re still sitting on decent profits,” said Mirabaud’s London-based equity sales trader Mark Taylor.\n“With volumes in all the hot stocks collapsing, silver attack met by margin, Robinhood having to seek fresh collateral at a rampant speed, the signals that the retail mania could unravel rapidly are aligning.”\nSmall traders’ involvement in financial markets has grown sharply over the past year as lockdowns, volatility and stimulus cheques have combined to drive an investment surge that has turbocharged a huge rally in global equities since last March.\nDay-trading mania has boosted the price of assets ranging from cryptocurrencies to new stock market listings. In London a sign of still-strong demand came from online greeting-card retailer Moonpig, which leapt 25% on debut on Tuesday.\nThe showdown between short-selling hedge funds and the small-time day traders also has also drawn scrutiny from financial regulators, lawmakers and the White House, concerned about possible market manipulation.\nRobinhood continued to roll back trading curbs on Monday, raising trading limits on GameStop to 20 shares from four.\nWeak prices in pre-market trade may serve as a guide to where the phenomenon is headed next, although broader markets appeared to be moving on from jitters the frenzied buying had triggered and equities in Asia rose broadly on stimulus hopes. [MKTS/GLOB]\nThe number of shorted GameStop shares has fallen by more than half in a week, analytics firm S3 Partners said on Monday, although the videogame retailer remained the sixth-biggest short by value.\n“Short-squeeze mania has calmed a bit for this week,” said Chris Brankin, chief executive of broker TD Ameritrade in Singapore.\nQUICKSILVER\nSilver’s slumping spot price on Tuesday came even as dealers reported brisk trade in Asia, albeit below Monday’s massive volumes, suggesting a further squeeze higher might be unlikely.\nA lot of people who were anticipating a GameStop-like rally in silver “now realize there is not as much buying pressure pushing it up” as some had thought, said Michael Matousek, head trader at U.S. Global Investors.\nAn additional drag on prices was an overnight margin hike by the Chicago Mercantile Exchange, which makes speculative trade using derivatives products more expensive.\n“Silver is much more liquid compared to stocks, and there are costs to holding the metal,” said Benjamin Yeo, head of dealing at Phillip Futures in Singapore, where on Monday silver futures volumes had been surging.\n“In the short term, we can expect more volatility from the retail buying interest, but do not think it is sustainable.”\nThe unit price of Australia’s ETF Securities’ Physical Silver fund fell 1% in Sydney after drawing a record A$76 million ($58 million) in inflows on Monday. Small silver miners, which had leapt, also retraced some of their gains.\n“It is slowing down a bit,” said Gregor Gregersen, founder of Silver Bullion, a dealer in Singapore, after a wild 24 hours where he said sales exceeded average monthly levels from 2018 and orders above S$35,000 ($26,300) arrived every three minutes.\nReddit moderators had on Tuesday removed one of the most popular posts suggesting buying silver and many WallStreetBets posts focused on riding out the volatility.\n“WHO IS HOLDING GME WITH ME?” read one top post. “I’M HOLDING EVEN IF MY PORTFOLIO GOES DOWN TO ZERO,” read another.\n($1 = 0.8280 euros)\n($1 = 1.3108 Australian dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386537858,"gmtCreate":1613200399474,"gmtModify":1704879409925,"author":{"id":"3574855677909594","authorId":"3574855677909594","name":"johndoe007","avatar":"https://static.tigerbbs.com/a8ff3036f0f1e9317bf2965a76c4954e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574855677909594","authorIdStr":"3574855677909594"},"themes":[],"htmlText":"&nbsp;BITCOIN BITCOIN BUTTCOIN, wooops BITCOIN!","listText":"&nbsp;BITCOIN BITCOIN BUTTCOIN, wooops BITCOIN!","text":"BITCOIN BITCOIN BUTTCOIN, wooops BITCOIN!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386537858","repostId":"1179092967","repostType":4,"repost":{"id":"1179092967","pubTimestamp":1613100617,"share":"https://ttm.financial/m/news/1179092967?lang=&edition=fundamental","pubTime":"2021-02-12 11:30","market":"us","language":"en","title":"Not Just Tesla: Why Big Companies are Buying into Crypto-Mania","url":"https://stock-news.laohu8.com/highlight/detail?id=1179092967","media":"barrons","summary":"For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla , which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.Mastercard  said on Wednesday that it will let m","content":"<p>For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.</p><p>The most buzzworthy move came from Tesla (ticker: TSLA), which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.</p><p>But Tesla isn’t the only one. On Thursday, BNY Mellon (BK), the oldest bank in the U.S.,said it will hold and transfer cryptocurrencies for customers. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, the bank’s CEO of asset servicing and head of digital.</p><p>Mastercard (MA) said on Wednesday that it will let merchants accept some cryptocurrencies through its network later this year. The payments will be converted to traditional money before it enters the companies’ systems.Twitter(TWTR) is also considering a Bitcoin investment. And Square (SQ) has already put some on its balance sheet, as well as given users of its Cash App access to buy the cryptocurrency.</p><p>Why is this happening now? Cryptocurrencies are still not particularly useful outside of a very few cases, such as cross-border transactions. Even there, they haven’t fully taken hold.</p><p>There are at least four big reasons corporations are diving in.</p><p>One is that some company founders believe in Bitcoin. Their excitement about the asset has convinced them that their companies need to be involved, or have cryptocurrency investments, even if Bitcoin isn’t really the core of their operations. That appears to be the case for Tesla and its CEO Elon Musk, and for a software company calledMicrostrategyand its CEO, Michael Saylor.</p><p>Microstrategy, whose entire market capitalization was below $1 billion early last year, now owns more than $2 billion of Bitcoin, and its market cap is now just under $10 billion. Saylor told<i>Barron’s</i>&nbsp;in an interview last yearthat he sees Bitcoin as a hedge against monetary debasement and inflation.</p><p>Square CEO Jack Dorsey ‘s fascination with Bitcoin also likely sped Square’s adoption. He has spoken about his interest in the currency for years.</p><p>Tesla’s purchase of Bitcoin is strong marketing for the company and the currency, said Dan Morehead, founder of the crypto hedge fund Pantera Capital. But it won’t likely change the way Bitcoin is used. “Tesla sells a half a million cars a year,” he said. “If they sold 4% in Bitcoin, I’d be surprised.” Morehead thinks Bitoin’s growing use for cross-border payments is much more exciting from a practical perspective.</p><p>Other companies are getting into Bitcoin because of customer demand. That appears to be the case for BNY Mellon, which is not known for making risky bets on new technologies. It could stay out of the industry altogether, but more institutional investors are buying Bitcoin and need somewhere to put it.</p><p>And the infrastructure around Bitcoin has grown, so that it now more closely resembles the systems used in the rest of the world of finance.. Big companies now insure cryptocurrencies or—as in the case ofJPMorgan Chase(JPM)—offer services to cryptocurrency businesses, even if most still don’t hold Bitcoin on their own balance sheets.</p><p>A third reason is increasing government acceptance of the trend. BNY cited greater regulatory clarity around Bitcoin as one reason it is diving in. The U.S. government has taken a mostly laissez-faire approach to regulating digital assets even as many of the illegal activities that cryptocurrency has been associated with in the past have continued. Without at least the tacit approval of regulators, crypto couldn’t have landed on the balance sheets of so many companies.</p><p>A fourth reason cryptocurrencies are gaining hold in corporate boardrooms is that they serve multiple purposes. That gives corporations several different rationales to hold the coins, or offer related services. Cryptocurrencies have the potential to go well beyond Bitcoin’s initial premise as a way to send money without financial intermediaries. So-called stablecoins, whose value is meant to track fiat currencies, could allow for faster transactions for some kinds of financial services, for instance.</p><p>Visa(V) andMasterCardseem like the last places in the world that Bitcoin would take hold given that Bitcoin was created to eliminate the middlemen in finance. Few companies fill the role of middleman as perfectly as the credit-card processors. Visa, however, thinks that cryptocurrencies are useful for many other purposes, and its trusted brand makes it an important player, according to Cuy Sheffield, head of crypto at the company.</p><p>“We’ve seen growing demand from clients across the world that want to be able to plug in and use these networks, but they want a global, neutral, trusted brand, to help them be able to do that,” Sheffield said in an interview. Visa said last week it has created software that allows bank customers to buy and hold cryptocurrencies through lenders’ websites.</p><p>Will old-line financial companies be the biggest beneficiaries of the crypto “revolution”? Michael Venuto, the chief investment officer of Toroso Investments, doesn’t think it will be easy for them to dominate this new world. Toroso created theAmplify Transformational Data SharingETF (ticker: BLOK), which invests in public companies involved in the technology behind Bitcoin.</p><p>“In terms of the self-referenced paradox of the old economy accepting the blockchain, it is simply inevitable,” Venuto wrote in an email to<i>Barron’s</i>. “If they don’t explore the blockchain they will be extinct. They understand that, but they are not aware of how big the changes will be or how fast they will happen. They have to evolve, but evolution can be messy.”</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Not Just Tesla: Why Big Companies are Buying into Crypto-Mania</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\">\nNot Just Tesla: Why Big Companies are Buying into Crypto-Mania\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of ...</p>\n\n<a href=\"https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/414360f2ef7b5c785cb936b4a9b53a44","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179092967","content_text":"For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla (ticker: TSLA), which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.But Tesla isn’t the only one. On Thursday, BNY Mellon (BK), the oldest bank in the U.S.,said it will hold and transfer cryptocurrencies for customers. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, the bank’s CEO of asset servicing and head of digital.Mastercard (MA) said on Wednesday that it will let merchants accept some cryptocurrencies through its network later this year. The payments will be converted to traditional money before it enters the companies’ systems.Twitter(TWTR) is also considering a Bitcoin investment. And Square (SQ) has already put some on its balance sheet, as well as given users of its Cash App access to buy the cryptocurrency.Why is this happening now? Cryptocurrencies are still not particularly useful outside of a very few cases, such as cross-border transactions. Even there, they haven’t fully taken hold.There are at least four big reasons corporations are diving in.One is that some company founders believe in Bitcoin. Their excitement about the asset has convinced them that their companies need to be involved, or have cryptocurrency investments, even if Bitcoin isn’t really the core of their operations. That appears to be the case for Tesla and its CEO Elon Musk, and for a software company calledMicrostrategyand its CEO, Michael Saylor.Microstrategy, whose entire market capitalization was below $1 billion early last year, now owns more than $2 billion of Bitcoin, and its market cap is now just under $10 billion. Saylor toldBarron’s in an interview last yearthat he sees Bitcoin as a hedge against monetary debasement and inflation.Square CEO Jack Dorsey ‘s fascination with Bitcoin also likely sped Square’s adoption. He has spoken about his interest in the currency for years.Tesla’s purchase of Bitcoin is strong marketing for the company and the currency, said Dan Morehead, founder of the crypto hedge fund Pantera Capital. But it won’t likely change the way Bitcoin is used. “Tesla sells a half a million cars a year,” he said. “If they sold 4% in Bitcoin, I’d be surprised.” Morehead thinks Bitoin’s growing use for cross-border payments is much more exciting from a practical perspective.Other companies are getting into Bitcoin because of customer demand. That appears to be the case for BNY Mellon, which is not known for making risky bets on new technologies. It could stay out of the industry altogether, but more institutional investors are buying Bitcoin and need somewhere to put it.And the infrastructure around Bitcoin has grown, so that it now more closely resembles the systems used in the rest of the world of finance.. Big companies now insure cryptocurrencies or—as in the case ofJPMorgan Chase(JPM)—offer services to cryptocurrency businesses, even if most still don’t hold Bitcoin on their own balance sheets.A third reason is increasing government acceptance of the trend. BNY cited greater regulatory clarity around Bitcoin as one reason it is diving in. The U.S. government has taken a mostly laissez-faire approach to regulating digital assets even as many of the illegal activities that cryptocurrency has been associated with in the past have continued. Without at least the tacit approval of regulators, crypto couldn’t have landed on the balance sheets of so many companies.A fourth reason cryptocurrencies are gaining hold in corporate boardrooms is that they serve multiple purposes. That gives corporations several different rationales to hold the coins, or offer related services. Cryptocurrencies have the potential to go well beyond Bitcoin’s initial premise as a way to send money without financial intermediaries. So-called stablecoins, whose value is meant to track fiat currencies, could allow for faster transactions for some kinds of financial services, for instance.Visa(V) andMasterCardseem like the last places in the world that Bitcoin would take hold given that Bitcoin was created to eliminate the middlemen in finance. Few companies fill the role of middleman as perfectly as the credit-card processors. Visa, however, thinks that cryptocurrencies are useful for many other purposes, and its trusted brand makes it an important player, according to Cuy Sheffield, head of crypto at the company.“We’ve seen growing demand from clients across the world that want to be able to plug in and use these networks, but they want a global, neutral, trusted brand, to help them be able to do that,” Sheffield said in an interview. Visa said last week it has created software that allows bank customers to buy and hold cryptocurrencies through lenders’ websites.Will old-line financial companies be the biggest beneficiaries of the crypto “revolution”? Michael Venuto, the chief investment officer of Toroso Investments, doesn’t think it will be easy for them to dominate this new world. Toroso created theAmplify Transformational Data SharingETF (ticker: BLOK), which invests in public companies involved in the technology behind Bitcoin.“In terms of the self-referenced paradox of the old economy accepting the blockchain, it is simply inevitable,” Venuto wrote in an email toBarron’s. “If they don’t explore the blockchain they will be extinct. They understand that, but they are not aware of how big the changes will be or how fast they will happen. They have to evolve, but evolution can be messy.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389262268,"gmtCreate":1612778892254,"gmtModify":1704874065645,"author":{"id":"3574855677909594","authorId":"3574855677909594","name":"johndoe007","avatar":"https://static.tigerbbs.com/a8ff3036f0f1e9317bf2965a76c4954e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574855677909594","authorIdStr":"3574855677909594"},"themes":[],"htmlText":"to the moon again??????","listText":"to the moon again??????","text":"to the moon again??????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389262268","repostId":"1111770502","repostType":4,"repost":{"id":"1111770502","pubTimestamp":1612770830,"share":"https://ttm.financial/m/news/1111770502?lang=&edition=fundamental","pubTime":"2021-02-08 15:53","market":"us","language":"en","title":"The GameStop Phenomenon Is Hardly New","url":"https://stock-news.laohu8.com/highlight/detail?id=1111770502","media":"Barrons","summary":"In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center","content":"<p>In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop.</p>\n<p>As with GameStop and other “meme” companies like AMC Entertainment, Piggly Wiggly was being sold short by several big Wall Street investment firms. This aroused an unexpected popular backlash, stirred by a resentment of “city slickers” getting rich off the “yaps,” or little guys. So there was a sense of triumph when investors fought back and put the squeeze on the shorts.</p>\n<p>“New York speculators,” crowed one newspaper, “made to pay through the nose.”</p>\n<p>The Piggly Wiggly shorts got crushed, much asMelvin Capital dropped 53% in Januarychiefly on its GameStop downside bets, but that wasn’t the whole story. While there were some big winners, there were also some other big losers—none bigger than Piggly Wiggly’s founder and president, Clarence Saunders.</p>\n<p>“After working a sensational squeeze on Piggly Wiggly,”<i>Barron’s</i>reported at the time, “the Memphis grocer found that his ‘victory’ had cost him about $3,000,000 and control of his company.” It also tarnished Saunders’ legacy.</p>\n<p>Born in 1881, Saunders worked his way out of poverty to become a retail pioneer,turning Piggly Wiggly (the origins of the name remain obscure) into the nation’s first “Self-Serving Store”in 1916.</p>\n<p>That is, instead of giving shopping lists to clerks to fill—as was practice of the day—customers walked the aisles and chose their own goods. This sublimely simple concept caught on; by 1921 there were more than 600 Piggly Wiggly stores across the nation, and Saunders’ self-serve model is still the norm for supermarkets, fromKrogertoWalmart.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f015da71952a0d48096f6dc06fbe9a9e\" tg-width=\"620\" tg-height=\"413\"><span>Clarence Saunders, Piggly Wiggly’s founder and president.Bain News Service/Library of Congress</span></p>\n<p>To fuel continued expansion, Saunders in November 1922 announced plans to sell 100,000 new shares in the company. That, combined with unrelated news of a Piggly Wiggly licensee filing for bankruptcy, “caused heavy selling” in the stock, according to<i>Barron’s</i>, knocking the share price down to $30 from $45. Then Merrill Lynch and other Wall Street firms attempted a “bear raid,” shorting Piggly Wiggly stock in a bet it would fall further.</p>\n<p>Saunders cast the issue as good versus evil, asking potential investors, “Shall good business flee? Shall it tremble with fear? Shall it be the loot of the speculator?” as quoted in Mike Freeman’s<i>Clarence Saunders and the Founding of Piggly Wiggly: The Rise &amp; Fall of a Memphis Maverick</i>.</p>\n<p>To counter the shorts, Saunders borrowed $10 million on margin from a number of investors and hatched a plan to buy up all outstanding shares of Piggly Wiggly, driving the price up. The stock reached $124 on March 20, 1923—when it was suspended by the New York Stock Exchange.</p>\n<p>There was a “wild scramble by the shorts to cover,”<i>Barron’s</i>wrote, yet there was less of that than had expected. The stock showed a “declining tendency” after the shorts had covered, and “the over-the-counter market for the stock gradually disappeared.” In the end, “Saunders and his associates” were left with “practically the entire issue of 200,000 shares on their hands—a large part of which had been accumulated at high prices” with “no market” to sell them.</p>\n<p>To<i>Barron’s</i>, Saunders had simply suffered “the customary fate of the Main Streeter who attempts to beat Wall Street.” Indeed, just three years earlier, a short-squeeze engineered by the owner of Stutz Motor Co. ended in bankruptcy for both.</p>\n<p>Yet there were winners in Piggly Wiggly, too, such as the retired grocer from Providence, R.I., that Freeman writes about, who bought a thousand shares at $38 before the squeeze. Expecting to use the shares as dividend income, the retiree instead ended up selling them “from $96 to $124” and making a profit of almost $80,000 (around $1.2 million today).</p>\n<p>That isn’t quite of the same magnitude as the gains made by Roaring Kitty, the GameStop investor whose initial $53,000 stake reached a value of at least $48 million. But the reality thatsome players will turn a handsome profit even as others are ruinedhasn’t changed over the years.</p>\n<p>Today, however, instead of one big investor like Saunders being left holding all the worthless shares, there may be many thousands of smaller investors facing financial strain or collapse.</p>\n<p>As for Saunders, he went back to Tennessee, where “Memphis folk still have confidence” in him, as<i>Barron’s</i>reported at the time. But his various post–Piggle Wiggly ventures, includingKeedoozle automat-style stores, met with middling success. He died in 1953, his hopes of becoming the Henry Ford of supermarkets undone by an ill-fated decision to take on Wall Street.</p>\n<p>We’ll see if GameStop investors fare any better.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> The GameStop Phenomenon Is Hardly New</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n The GameStop Phenomenon Is Hardly New\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-gamestop-phenomenon-is-hardly-new-heres-how-a-similar-squeeze-played-out-in-1923-51612361822?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop.\nAs with ...</p>\n\n<a href=\"https://www.barrons.com/articles/the-gamestop-phenomenon-is-hardly-new-heres-how-a-similar-squeeze-played-out-in-1923-51612361822?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/the-gamestop-phenomenon-is-hardly-new-heres-how-a-similar-squeeze-played-out-in-1923-51612361822?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111770502","content_text":"In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop.\nAs with GameStop and other “meme” companies like AMC Entertainment, Piggly Wiggly was being sold short by several big Wall Street investment firms. This aroused an unexpected popular backlash, stirred by a resentment of “city slickers” getting rich off the “yaps,” or little guys. So there was a sense of triumph when investors fought back and put the squeeze on the shorts.\n“New York speculators,” crowed one newspaper, “made to pay through the nose.”\nThe Piggly Wiggly shorts got crushed, much asMelvin Capital dropped 53% in Januarychiefly on its GameStop downside bets, but that wasn’t the whole story. While there were some big winners, there were also some other big losers—none bigger than Piggly Wiggly’s founder and president, Clarence Saunders.\n“After working a sensational squeeze on Piggly Wiggly,”Barron’sreported at the time, “the Memphis grocer found that his ‘victory’ had cost him about $3,000,000 and control of his company.” It also tarnished Saunders’ legacy.\nBorn in 1881, Saunders worked his way out of poverty to become a retail pioneer,turning Piggly Wiggly (the origins of the name remain obscure) into the nation’s first “Self-Serving Store”in 1916.\nThat is, instead of giving shopping lists to clerks to fill—as was practice of the day—customers walked the aisles and chose their own goods. This sublimely simple concept caught on; by 1921 there were more than 600 Piggly Wiggly stores across the nation, and Saunders’ self-serve model is still the norm for supermarkets, fromKrogertoWalmart.\nClarence Saunders, Piggly Wiggly’s founder and president.Bain News Service/Library of Congress\nTo fuel continued expansion, Saunders in November 1922 announced plans to sell 100,000 new shares in the company. That, combined with unrelated news of a Piggly Wiggly licensee filing for bankruptcy, “caused heavy selling” in the stock, according toBarron’s, knocking the share price down to $30 from $45. Then Merrill Lynch and other Wall Street firms attempted a “bear raid,” shorting Piggly Wiggly stock in a bet it would fall further.\nSaunders cast the issue as good versus evil, asking potential investors, “Shall good business flee? Shall it tremble with fear? Shall it be the loot of the speculator?” as quoted in Mike Freeman’sClarence Saunders and the Founding of Piggly Wiggly: The Rise & Fall of a Memphis Maverick.\nTo counter the shorts, Saunders borrowed $10 million on margin from a number of investors and hatched a plan to buy up all outstanding shares of Piggly Wiggly, driving the price up. The stock reached $124 on March 20, 1923—when it was suspended by the New York Stock Exchange.\nThere was a “wild scramble by the shorts to cover,”Barron’swrote, yet there was less of that than had expected. The stock showed a “declining tendency” after the shorts had covered, and “the over-the-counter market for the stock gradually disappeared.” In the end, “Saunders and his associates” were left with “practically the entire issue of 200,000 shares on their hands—a large part of which had been accumulated at high prices” with “no market” to sell them.\nToBarron’s, Saunders had simply suffered “the customary fate of the Main Streeter who attempts to beat Wall Street.” Indeed, just three years earlier, a short-squeeze engineered by the owner of Stutz Motor Co. ended in bankruptcy for both.\nYet there were winners in Piggly Wiggly, too, such as the retired grocer from Providence, R.I., that Freeman writes about, who bought a thousand shares at $38 before the squeeze. Expecting to use the shares as dividend income, the retiree instead ended up selling them “from $96 to $124” and making a profit of almost $80,000 (around $1.2 million today).\nThat isn’t quite of the same magnitude as the gains made by Roaring Kitty, the GameStop investor whose initial $53,000 stake reached a value of at least $48 million. But the reality thatsome players will turn a handsome profit even as others are ruinedhasn’t changed over the years.\nToday, however, instead of one big investor like Saunders being left holding all the worthless shares, there may be many thousands of smaller investors facing financial strain or collapse.\nAs for Saunders, he went back to Tennessee, where “Memphis folk still have confidence” in him, asBarron’sreported at the time. But his various post–Piggle Wiggly ventures, includingKeedoozle automat-style stores, met with middling success. He died in 1953, his hopes of becoming the Henry Ford of supermarkets undone by an ill-fated decision to take on Wall Street.\nWe’ll see if GameStop investors fare any better.","news_type":1},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314904100,"gmtCreate":1612282995400,"gmtModify":1704869378243,"author":{"id":"3574855677909594","authorId":"3574855677909594","name":"johndoe007","avatar":"https://static.tigerbbs.com/a8ff3036f0f1e9317bf2965a76c4954e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574855677909594","authorIdStr":"3574855677909594"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314904100","repostId":"1121523059","repostType":4,"repost":{"id":"1121523059","pubTimestamp":1612262282,"share":"https://ttm.financial/m/news/1121523059?lang=&edition=fundamental","pubTime":"2021-02-02 18:38","market":"us","language":"en","title":"Ford to invest $1 billion to upgrade South Africa operations","url":"https://stock-news.laohu8.com/highlight/detail?id=1121523059","media":"reuters","summary":"JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing ","content":"<p>JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker said on Tuesday.</p>\n<p>The investments aim to increase Ford’s installed capacity in South Africa from 168,000 to 200,000 vehicles, said Andrea Cavallaro, operations director of Ford’s International Market Group.</p>\n<p>“It’s the biggest investment in Ford’s 97-year history in South Africa and one of the largest ever in the local automotive industry,” he told an announcement event.</p>\n<p>The amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, a suburb of the administrative capital Pretoria, and $365 million to upgrade tooling at major supplier factories.</p>\n<p>The expanded production will create 1,200 jobs with Ford in South Africa, increasing the local workforce to 5,500 employees, while adding an estimated 10,000 new jobs across the carmaker’s supplier network.</p>\n<p>Ford also aims to make the Silverton plant entirely energy self-sufficient and carbon neutral by 2024, Cavallaro said.</p>","source":"ltzww","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>Ford to invest $1 billion to upgrade South Africa operations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFord to invest $1 billion to upgrade South Africa operations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 18:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-ford-motor-safrica/ford-to-invest-1-billion-to-upgrade-south-africa-operations-idUSKBN2A210U?il=0><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker ...</p>\n\n<a href=\"https://www.reuters.com/article/us-ford-motor-safrica/ford-to-invest-1-billion-to-upgrade-south-africa-operations-idUSKBN2A210U?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c9c7511e646b4f70e751ca585ab218a0","relate_stocks":{"F":"福特汽车"},"source_url":"https://www.reuters.com/article/us-ford-motor-safrica/ford-to-invest-1-billion-to-upgrade-south-africa-operations-idUSKBN2A210U?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121523059","content_text":"JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker said on Tuesday.\nThe investments aim to increase Ford’s installed capacity in South Africa from 168,000 to 200,000 vehicles, said Andrea Cavallaro, operations director of Ford’s International Market Group.\n“It’s the biggest investment in Ford’s 97-year history in South Africa and one of the largest ever in the local automotive industry,” he told an announcement event.\nThe amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, a suburb of the administrative capital Pretoria, and $365 million to upgrade tooling at major supplier factories.\nThe expanded production will create 1,200 jobs with Ford in South Africa, increasing the local workforce to 5,500 employees, while adding an estimated 10,000 new jobs across the carmaker’s supplier network.\nFord also aims to make the Silverton plant entirely energy self-sufficient and carbon neutral by 2024, Cavallaro said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}