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Jo118

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2022-01-04

Hi

Some Vaccine Stocks Slid in Morning Trading

2021-05-27

Hi

GM restarting some plants hit by chips shortage

2021-05-18

Gg

Express stock surged 10% in Tuesday morning trading

2021-05-13

Like this comment plz

Watch NIO, XPeng on report of new Chinese licensing rules on NEVs

2021-04-15

Like this comment and I like back you

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2021-04-15

Like this comment, many thanks

Sorry, the original content has been removed

2021-04-13

Vaccine can play....

A Surprising Vaccine Rival May Upset the Dreams of Anyone Holding Moderna and Pfizer Stock

2021-04-13

Like this comment and like this comment too tq

Microsoft $19.7 billion deal for Nuance is a 'no brainer'-- and could be a steal

2021-04-09

Like this comment and say something pls

Next Week’s IPO Lineup Is Growing. It Could Be Busy.

2021-04-08

Ok

Here's Why the Flipkart IPO Is a Brilliant Move for Walmart

2021-04-07

Like this comment if to win 99999 in your holding

Online education platform Coursera has risen more than 70% since it went public

2021-04-06

Like and comment in this post so your holdings will +100%

Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time

2021-04-05

Like my comment please

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2021-04-04

Like my comment if you want to win, thanks

Tesla Q1 2021 Vehicle Production & Deliveries

2021-04-02

Like and comment on this pls, tq very much

Sorry, the original content has been removed

2021-04-02

Comment on it.

Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up

2021-04-02

Gg

A Moment Out of Favor Makes AMD A Must-Buy Growth Stock

2021-04-01

Good

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2021-03-31

Comment on this pls, tq

Credit Suisse comes under pressure as Archegos fall adds to Greensill failure

2021-03-31

Please like this, tq!!!

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Go to Tiger App to see more news

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}\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\">\nSome Vaccine Stocks Slid in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-01-04 23:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Some vaccine stocks slid in morning trading. BioNTech SE, Moderna, Pfizer and Novavax fell between 3% and 4%.<img src=\"https://static.tigerbbs.com/2b8d37f6fcb2216ad1872ca6be6dc94d\" tg-width=\"375\" tg-height=\"162\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","PFE":"辉瑞"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182899517","content_text":"Some vaccine stocks slid in morning trading. BioNTech SE, Moderna, Pfizer and Novavax fell between 3% and 4%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135909701,"gmtCreate":1622124435203,"gmtModify":1704179931324,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135909701","repostId":"2138912120","repostType":4,"repost":{"id":"2138912120","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":1622121480,"share":"https://ttm.financial/m/news/2138912120?lang=&edition=fundamental","pubTime":"2021-05-27 21:18","market":"us","language":"en","title":"GM restarting some plants hit by chips shortage","url":"https://stock-news.laohu8.com/highlight/detail?id=2138912120","media":"Reuters","summary":"May 27 (Reuters) - General Motors Co    said Thursday it will be soon be restarting production at fi","content":"<p>May 27 (Reuters) - General Motors Co    said Thursday it will be soon be restarting production at five assembly plants around the world that have been idled due to a global semiconductor chips shortage.</p><p>GM said it is restarting operations at four plants in the United States, Mexico and Canada starting next week. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> plants in Mexico will resume production next week that build the Chevrolet Equinox, GMC Terrain and Chevrolet Blazer.</p><p>Next week GM will also resume full production at its Bupyeong 1 Assembly in Korea, which had been operating at 50% capacity since April 26 and return another Korean assembly plant to two shifts.</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>GM restarting some plants hit by chips shortage</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\">\nGM restarting some plants hit by chips shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-27 21:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>May 27 (Reuters) - General Motors Co    said Thursday it will be soon be restarting production at five assembly plants around the world that have been idled due to a global semiconductor chips shortage.</p><p>GM said it is restarting operations at four plants in the United States, Mexico and Canada starting next week. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> plants in Mexico will resume production next week that build the Chevrolet Equinox, GMC Terrain and Chevrolet Blazer.</p><p>Next week GM will also resume full production at its Bupyeong 1 Assembly in Korea, which had been operating at 50% capacity since April 26 and return another Korean assembly plant to two shifts.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138912120","content_text":"May 27 (Reuters) - General Motors Co    said Thursday it will be soon be restarting production at five assembly plants around the world that have been idled due to a global semiconductor chips shortage.GM said it is restarting operations at four plants in the United States, Mexico and Canada starting next week. Two plants in Mexico will resume production next week that build the Chevrolet Equinox, GMC Terrain and Chevrolet Blazer.Next week GM will also resume full production at its Bupyeong 1 Assembly in Korea, which had been operating at 50% capacity since April 26 and return another Korean assembly plant to two shifts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194378214,"gmtCreate":1621345824538,"gmtModify":1704356153682,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194378214","repostId":"1165434763","repostType":4,"repost":{"id":"1165434763","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621345231,"share":"https://ttm.financial/m/news/1165434763?lang=&edition=fundamental","pubTime":"2021-05-18 21:40","market":"us","language":"en","title":"Express stock surged 10% in Tuesday morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1165434763","media":"Tiger Newspress","summary":"Express stock surged 10% in Tuesday morning trading on brand unveiling Tiktok hashtag challenge for ","content":"<p>Express stock surged 10% in Tuesday morning trading&nbsp;on&nbsp;brand unveiling Tiktok hashtag challenge for customers to share their style as they return to doing what they love most.</p><p><img src=\"https://static.tigerbbs.com/9ab01fa1de7ebf9c339a7854e0fef973\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Express, Inc.  introduced its #ExpressReentry campaign and TikTok Hashtag Challenge to help customers reconnect with style as they reenter some pre-pandemic daily routines. By posting a TikTok video of the outfits they’ll be wearing as they get back to their favorite activities, along with hashtag #ExpressReentry and #ExpressContest, customers can enter to and may be selected by fashion expert and TV personality, Tan France, to win a gift card to put towards their summer wardrobe from Express.</p><p>\"The #ExpressReentry campaign is a way to connect our brand and our customers through a shared enthusiasm for style as we return to dressing for work, social gatherings and special occasions,\" said Sara Tervo, Express Executive Vice President and Chief Marketing Officer. \"TikTok is a cultural beacon and a place of discovery which made it the perfect platform for this idea.\"</p><p>The TikTok component of the #ExpressReentry campaign asks consumers to share what they plan to wear on an upcoming summer adventure or during the return tooneof the things they love. To participate, TikTok users can search the custom sound titled<i>#ExpressReentry - Tan France for Express</i>which features question prompts cueing video creators to share where they are from, an occasion they are looking forward to getting back to, and what they will be wearing. Beginning on May 17 and continuing through May 27, Tan France will be commenting on posted TikTok videos. After the contest period is over, selected, eligible winners will receive a gift card to Express. The brand has also partnered with actress and singer,<b>Elizabeth Gillies</b>,television personality &amp; podcast host,<b>Tayshia Adams</b>,and TikTok creators,<b>Rashad Little</b>,<b>TwoTrends</b>,<b>Niamh Adkins</b>,<b>Jess Wang</b>,<b>Ellie Zeiler</b>, and<b>Devan Anderson</b>,to create content across Instagram and TikTok, highlighting their own reentry style and to inspire customers to participate.</p><p>\"Fashion has always played such an important role in my life, and I’m excited to partner once again with the Express team to help inspire people with the incredible power of self-expression through style,\" said Tan France. \"I’ll be selecting the 20 TikTok submissions I find most creative so remember everyone, have fun with this #ExpressReentry campaign and be sure to Express YOU!\"</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>Express stock surged 10% in Tuesday morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExpress stock surged 10% in Tuesday morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-18 21:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Express stock surged 10% in Tuesday morning trading&nbsp;on&nbsp;brand unveiling Tiktok hashtag challenge for customers to share their style as they return to doing what they love most.</p><p><img src=\"https://static.tigerbbs.com/9ab01fa1de7ebf9c339a7854e0fef973\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Express, Inc.  introduced its #ExpressReentry campaign and TikTok Hashtag Challenge to help customers reconnect with style as they reenter some pre-pandemic daily routines. By posting a TikTok video of the outfits they’ll be wearing as they get back to their favorite activities, along with hashtag #ExpressReentry and #ExpressContest, customers can enter to and may be selected by fashion expert and TV personality, Tan France, to win a gift card to put towards their summer wardrobe from Express.</p><p>\"The #ExpressReentry campaign is a way to connect our brand and our customers through a shared enthusiasm for style as we return to dressing for work, social gatherings and special occasions,\" said Sara Tervo, Express Executive Vice President and Chief Marketing Officer. \"TikTok is a cultural beacon and a place of discovery which made it the perfect platform for this idea.\"</p><p>The TikTok component of the #ExpressReentry campaign asks consumers to share what they plan to wear on an upcoming summer adventure or during the return tooneof the things they love. To participate, TikTok users can search the custom sound titled<i>#ExpressReentry - Tan France for Express</i>which features question prompts cueing video creators to share where they are from, an occasion they are looking forward to getting back to, and what they will be wearing. Beginning on May 17 and continuing through May 27, Tan France will be commenting on posted TikTok videos. After the contest period is over, selected, eligible winners will receive a gift card to Express. The brand has also partnered with actress and singer,<b>Elizabeth Gillies</b>,television personality &amp; podcast host,<b>Tayshia Adams</b>,and TikTok creators,<b>Rashad Little</b>,<b>TwoTrends</b>,<b>Niamh Adkins</b>,<b>Jess Wang</b>,<b>Ellie Zeiler</b>, and<b>Devan Anderson</b>,to create content across Instagram and TikTok, highlighting their own reentry style and to inspire customers to participate.</p><p>\"Fashion has always played such an important role in my life, and I’m excited to partner once again with the Express team to help inspire people with the incredible power of self-expression through style,\" said Tan France. \"I’ll be selecting the 20 TikTok submissions I find most creative so remember everyone, have fun with this #ExpressReentry campaign and be sure to Express YOU!\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EXPR":"Express, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165434763","content_text":"Express stock surged 10% in Tuesday morning trading on brand unveiling Tiktok hashtag challenge for customers to share their style as they return to doing what they love most.Express, Inc.  introduced its #ExpressReentry campaign and TikTok Hashtag Challenge to help customers reconnect with style as they reenter some pre-pandemic daily routines. By posting a TikTok video of the outfits they’ll be wearing as they get back to their favorite activities, along with hashtag #ExpressReentry and #ExpressContest, customers can enter to and may be selected by fashion expert and TV personality, Tan France, to win a gift card to put towards their summer wardrobe from Express.\"The #ExpressReentry campaign is a way to connect our brand and our customers through a shared enthusiasm for style as we return to dressing for work, social gatherings and special occasions,\" said Sara Tervo, Express Executive Vice President and Chief Marketing Officer. \"TikTok is a cultural beacon and a place of discovery which made it the perfect platform for this idea.\"The TikTok component of the #ExpressReentry campaign asks consumers to share what they plan to wear on an upcoming summer adventure or during the return tooneof the things they love. To participate, TikTok users can search the custom sound titled#ExpressReentry - Tan France for Expresswhich features question prompts cueing video creators to share where they are from, an occasion they are looking forward to getting back to, and what they will be wearing. Beginning on May 17 and continuing through May 27, Tan France will be commenting on posted TikTok videos. After the contest period is over, selected, eligible winners will receive a gift card to Express. The brand has also partnered with actress and singer,Elizabeth Gillies,television personality & podcast host,Tayshia Adams,and TikTok creators,Rashad Little,TwoTrends,Niamh Adkins,Jess Wang,Ellie Zeiler, andDevan Anderson,to create content across Instagram and TikTok, highlighting their own reentry style and to inspire customers to participate.\"Fashion has always played such an important role in my life, and I’m excited to partner once again with the Express team to help inspire people with the incredible power of self-expression through style,\" said Tan France. \"I’ll be selecting the 20 TikTok submissions I find most creative so remember everyone, have fun with this #ExpressReentry campaign and be sure to Express YOU!\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198036762,"gmtCreate":1620913244656,"gmtModify":1704350356662,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment plz","listText":"Like this comment plz","text":"Like this comment plz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/198036762","repostId":"1191546739","repostType":4,"repost":{"id":"1191546739","pubTimestamp":1620912508,"share":"https://ttm.financial/m/news/1191546739?lang=&edition=fundamental","pubTime":"2021-05-13 21:28","market":"us","language":"en","title":"Watch NIO, XPeng on report of new Chinese licensing rules on NEVs","url":"https://stock-news.laohu8.com/highlight/detail?id=1191546739","media":"seekingalpha","summary":"The Shanghai Development and Reform Commission and other Chinese regulators are reportedly working on a new licensing policy for newenergy vehicles.The specifics of the new licensing threshold haven't be clarified, according to aCaixin report, which cites a person close to the new energy vehicle policymaking department.Shanghai is likely attempting to control the total number of vehicles, while stimulating the NEV market, according to Caixin.Watch NIO Inc., XPeng, Kandi Technologiesand Li Auto.Y","content":"<p>The Shanghai Development and Reform Commission and other Chinese regulators are reportedly working on a new licensing policy for newenergy vehicles.</p><p>The specifics of the new licensing threshold haven't be clarified, according to aCaixin report(Google translated), which cites a person close to the new energy vehicle policymaking department.</p><p>Shanghai is likely attempting to control the total number of vehicles, while stimulating the NEV market,&nbsp;according to Caixin.</p><p>Watch NIO Inc.(NYSE:NIO), XPeng(NYSE:XPEV), Kandi Technologies(NASDAQ:KNDI)and Li Auto(NASDAQ:LI).</p><p>Yesterday,Electric vehicle sector trades with Beijing shadow hanging over it.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Watch NIO, XPeng on report of new Chinese licensing rules on NEVs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWatch NIO, XPeng on report of new Chinese licensing rules on NEVs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 21:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3695907-watch-nio-xpeng-on-report-of-new-chinese-licensing-rules-on-nevs><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Shanghai Development and Reform Commission and other Chinese regulators are reportedly working on a new licensing policy for newenergy vehicles.The specifics of the new licensing threshold haven't...</p>\n\n<a href=\"https://seekingalpha.com/news/3695907-watch-nio-xpeng-on-report-of-new-chinese-licensing-rules-on-nevs\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","KNDI":"康迪车业","NIO":"蔚来","LI":"理想汽车"},"source_url":"https://seekingalpha.com/news/3695907-watch-nio-xpeng-on-report-of-new-chinese-licensing-rules-on-nevs","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1191546739","content_text":"The Shanghai Development and Reform Commission and other Chinese regulators are reportedly working on a new licensing policy for newenergy vehicles.The specifics of the new licensing threshold haven't be clarified, according to aCaixin report(Google translated), which cites a person close to the new energy vehicle policymaking department.Shanghai is likely attempting to control the total number of vehicles, while stimulating the NEV market, according to Caixin.Watch NIO Inc.(NYSE:NIO), XPeng(NYSE:XPEV), Kandi Technologies(NASDAQ:KNDI)and Li Auto(NASDAQ:LI).Yesterday,Electric vehicle sector trades with Beijing shadow hanging over it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347694266,"gmtCreate":1618491445255,"gmtModify":1704711641707,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment and I like back you","listText":"Like this comment and I like back you","text":"Like this comment and I like back you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/347694266","repostId":"1107106238","repostType":4,"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344556438,"gmtCreate":1618417764824,"gmtModify":1704710621652,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment, many thanks","listText":"Like this comment, many thanks","text":"Like this comment, many thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344556438","repostId":"1193132843","repostType":4,"isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345436416,"gmtCreate":1618328365735,"gmtModify":1704709302925,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Vaccine can play....","listText":"Vaccine can play....","text":"Vaccine can play....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345436416","repostId":"2127301527","repostType":4,"repost":{"id":"2127301527","pubTimestamp":1618323120,"share":"https://ttm.financial/m/news/2127301527?lang=&edition=fundamental","pubTime":"2021-04-13 22:12","market":"us","language":"en","title":"A Surprising Vaccine Rival May Upset the Dreams of Anyone Holding Moderna and Pfizer Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2127301527","media":"Motley Fool","summary":"It can already claim it contributed to both companies' COVID vaccines.","content":"<p>A small team of 10 researchers began designing vaccine candidates shortly after the genetic sequence of the SARS-CoV-2 virus was made public last January. For the past decade, the team had worked on vaccines for the Zika virus and Ebola, as well as another coronavirus, MERS. They knew others working on a COVID vaccine would beat them to market, but they had their sights set on a bigger prize.</p>\n<p>This week, that team injected its vaccine candidate into the first human. If it works, it could throw the sales estimates for <b>Moderna</b> (NASDAQ:MRNA), <b>Pfizer</b> (NYSE:PFE), and others up in the air. It seems while the well-known biotech and blue chip drugmaker were winning the battle against the novel coronavirus, this unsung group was trying to end the war.</p>\n<p><img src=\"https://static.tigerbbs.com/3900f0a0040a88f51dd0c83df7e46026\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>One jab to rule them all</h3>\n<p>The first efforts of the Walter Reed Army Institute of Research (WRAIR) can be traced back to 1893. The group works with both military and civilian professionals to develop products for both existing and potential threats. The organization's infectious disease branch was the <a href=\"https://laohu8.com/S/AONE\">one</a> that took on the COVID challenge 15 months ago.</p>\n<p>The team's goal was to develop a drug that would inoculate recipients against all coronaviruses. To do it, they would have to come up with a different approach. The currently authorized vaccines feed instructions to the cells so they can make the famed spike protein of the SARS-CoV-2 virus. When the body sees it and recognizes it as foreign, it develops antibodies to fight it if it ever returns.</p>\n<p>Rather than provide instructions, the WRAIR vaccine presents both a nanoparticle with 24 spike proteins and an adjuvant, an ingredient that helps boost the immune response. What is injected actually looks like a virus, not just part of <a href=\"https://laohu8.com/S/AONE.U\">one</a>. That helps the body recognize more than just one distinctive marker. The result is a more robust immune response to any SARS virus, even the variants now circulating around the globe.</p>\n<p>Put simply, the group believes it is on the path to a vaccine that could protect against all SARS coronaviruses. So far, tests in thousands of mice and dozens of monkeys have shown the drug to be effective against variants of the current virus, as well as other coronaviruses like SARS-1. Even better, the Army's development process prioritized practicality, so the vaccine doesn't need any special handling. It's stable enough to be tossed in a cooler on the back of a motorbike and driven to whatever remote location needs it.</p>\n<h3>Banking on a booster</h3>\n<p>Moderna, Pfizer, and <b>Johnson</b> <b>&amp;</b> <b>Johnson</b> (NYSE:JNJ) are all expected to make billions this year as COVID-19 vaccines are distributed. The guaranteed government contracts they signed were a major reason they made the investments required to get a vaccine in less than a year. While Johnson &amp; Johnson is expecting about $8.5 billion more in total revenue this year, Moderna and Pfizer expect $18.4 billion and $15 billion in COVID-19 vaccine sales, respectively.</p>\n<p>Analysts predict that continued spread and mutations will keep demand high for the jabs. Some estimates show the market tapering off from $75 billion this year to $23 billion next year, gradually reaching about $6 billion in 2025. That's an enormous financial opportunity that would be in serious doubt if the U.S. government developed an all-encompassing vaccine of its own.</p>\n<h3>America, Inc.</h3>\n<p>The U.S. government poured more than $10 billion into vaccine development as the pandemic took hold last year. That funding was just the latest contribution stretching back decades. Federally funded work that originated at Vanderbilt University and was continued at the National Institutes of Health (NIH) and the Department of Defense led to the viral protein design used by Moderna and Pfizer. Related research published in 2013 and 2016 set the stage for creating the vaccine. In fact, Moderna's COVID vaccine came directly from a partnership with the same NIH mentioned above. Modifying RNA, the other trick that made these vaccines possible, was the work of an unheralded researcher at the University of Pennsylvania, Katalin Karikó. She submitted her first grant proposal in 1989.</p>\n<p>That's not to say the companies don't deserve credit -- and economic benefit -- from creating the existing vaccines. They do. It does make it less surprising that a small government group may have created a vaccine to end the war with coronaviruses once and for all. If it works, it's hard to say who would benefit from the manufacture and distribution of a pan-SARS vaccine. Analyst estimates for years of vaccine profits would almost certainly get slashed, as would the stock price of any company presuming the bounty.</p>\n<p>One benefit of government-led research would be the absence of misleading press releases, massive stock sales, special options grants, and retroactive bonus plans like the ones that were so hotly debated last year. Instead, the drug would simply be the fruit of funding basic biological research year after year. We could think of it like a dividend we would all get paid as stakeholders of this country.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A Surprising Vaccine Rival May Upset the Dreams of Anyone Holding Moderna and Pfizer Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Surprising Vaccine Rival May Upset the Dreams of Anyone Holding Moderna and Pfizer Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-13 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/13/a-surprising-vaccine-rival-may-upset-the-dreams-of/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A small team of 10 researchers began designing vaccine candidates shortly after the genetic sequence of the SARS-CoV-2 virus was made public last January. For the past decade, the team had worked on ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/13/a-surprising-vaccine-rival-may-upset-the-dreams-of/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞"},"source_url":"https://www.fool.com/investing/2021/04/13/a-surprising-vaccine-rival-may-upset-the-dreams-of/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2127301527","content_text":"A small team of 10 researchers began designing vaccine candidates shortly after the genetic sequence of the SARS-CoV-2 virus was made public last January. For the past decade, the team had worked on vaccines for the Zika virus and Ebola, as well as another coronavirus, MERS. They knew others working on a COVID vaccine would beat them to market, but they had their sights set on a bigger prize.\nThis week, that team injected its vaccine candidate into the first human. If it works, it could throw the sales estimates for Moderna (NASDAQ:MRNA), Pfizer (NYSE:PFE), and others up in the air. It seems while the well-known biotech and blue chip drugmaker were winning the battle against the novel coronavirus, this unsung group was trying to end the war.\n\nImage source: Getty Images.\nOne jab to rule them all\nThe first efforts of the Walter Reed Army Institute of Research (WRAIR) can be traced back to 1893. The group works with both military and civilian professionals to develop products for both existing and potential threats. The organization's infectious disease branch was the one that took on the COVID challenge 15 months ago.\nThe team's goal was to develop a drug that would inoculate recipients against all coronaviruses. To do it, they would have to come up with a different approach. The currently authorized vaccines feed instructions to the cells so they can make the famed spike protein of the SARS-CoV-2 virus. When the body sees it and recognizes it as foreign, it develops antibodies to fight it if it ever returns.\nRather than provide instructions, the WRAIR vaccine presents both a nanoparticle with 24 spike proteins and an adjuvant, an ingredient that helps boost the immune response. What is injected actually looks like a virus, not just part of one. That helps the body recognize more than just one distinctive marker. The result is a more robust immune response to any SARS virus, even the variants now circulating around the globe.\nPut simply, the group believes it is on the path to a vaccine that could protect against all SARS coronaviruses. So far, tests in thousands of mice and dozens of monkeys have shown the drug to be effective against variants of the current virus, as well as other coronaviruses like SARS-1. Even better, the Army's development process prioritized practicality, so the vaccine doesn't need any special handling. It's stable enough to be tossed in a cooler on the back of a motorbike and driven to whatever remote location needs it.\nBanking on a booster\nModerna, Pfizer, and Johnson & Johnson (NYSE:JNJ) are all expected to make billions this year as COVID-19 vaccines are distributed. The guaranteed government contracts they signed were a major reason they made the investments required to get a vaccine in less than a year. While Johnson & Johnson is expecting about $8.5 billion more in total revenue this year, Moderna and Pfizer expect $18.4 billion and $15 billion in COVID-19 vaccine sales, respectively.\nAnalysts predict that continued spread and mutations will keep demand high for the jabs. Some estimates show the market tapering off from $75 billion this year to $23 billion next year, gradually reaching about $6 billion in 2025. That's an enormous financial opportunity that would be in serious doubt if the U.S. government developed an all-encompassing vaccine of its own.\nAmerica, Inc.\nThe U.S. government poured more than $10 billion into vaccine development as the pandemic took hold last year. That funding was just the latest contribution stretching back decades. Federally funded work that originated at Vanderbilt University and was continued at the National Institutes of Health (NIH) and the Department of Defense led to the viral protein design used by Moderna and Pfizer. Related research published in 2013 and 2016 set the stage for creating the vaccine. In fact, Moderna's COVID vaccine came directly from a partnership with the same NIH mentioned above. Modifying RNA, the other trick that made these vaccines possible, was the work of an unheralded researcher at the University of Pennsylvania, Katalin Karikó. She submitted her first grant proposal in 1989.\nThat's not to say the companies don't deserve credit -- and economic benefit -- from creating the existing vaccines. They do. It does make it less surprising that a small government group may have created a vaccine to end the war with coronaviruses once and for all. If it works, it's hard to say who would benefit from the manufacture and distribution of a pan-SARS vaccine. Analyst estimates for years of vaccine profits would almost certainly get slashed, as would the stock price of any company presuming the bounty.\nOne benefit of government-led research would be the absence of misleading press releases, massive stock sales, special options grants, and retroactive bonus plans like the ones that were so hotly debated last year. Instead, the drug would simply be the fruit of funding basic biological research year after year. We could think of it like a dividend we would all get paid as stakeholders of this country.","news_type":1},"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345031476,"gmtCreate":1618257759195,"gmtModify":1704708200230,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment and like this comment too tq","listText":"Like this comment and like this comment too tq","text":"Like this comment and like this comment too tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/345031476","repostId":"2126060590","repostType":4,"repost":{"id":"2126060590","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1618242360,"share":"https://ttm.financial/m/news/2126060590?lang=&edition=fundamental","pubTime":"2021-04-12 23:46","market":"us","language":"en","title":"Microsoft $19.7 billion deal for Nuance is a 'no brainer'-- and could be a steal","url":"https://stock-news.laohu8.com/highlight/detail?id=2126060590","media":"Dow Jones","summary":"Guggenheim analyst said the purchase price for Nuance seems low given the opportunities for the busi","content":"<p>Guggenheim analyst said the purchase price for Nuance seems low given the opportunities for the business.</p>\n<p>Microsoft Corp. is making a big healthcare push with its purchase of speech-recognition software maker Nuance Communications -- and the company could be getting a bargain.</p>\n<p>The tech giant confirmed Monday that it plans to purchase Nuance <a href=\"https://laohu8.com/S/NUAN\">$(NUAN)$</a> for $56 a share in cash, with the deal valued at $19.7 billion, including Nuance's net debt. The proposed acquisition, expected to close later this calendar year, will give Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> access to Nuance's tools for conversational artificial intelligence <a href=\"https://laohu8.com/S/AI\">$(AI)$</a> and other intelligence products for the healthcare industry.</p>\n<p>Nuance shares were up 17% to $53.32 in recent Monday morning trading, while Microsoft shares were little changed. The deal, which valued Nuance's stock at a roughly 23% premium to the Friday closing price, would be the largest for Microsoft since its purchase of LinkedIn for more than $26 billion in 2016.</p>\n<p>Microsoft's plans to purchase Nuance had been reported by several outlets over the weekend ahead of Monday's official deal announcement. Guggenheim analyst Glen Santangelo commented in a Sunday note to clients that Microsoft's interest in the company was \"not overly surprising\" given that the companies had worked together on developing \"ambient intelligence\" products, though he was surprised about the deal price.</p>\n<p>A purchase price for Nuance of $56 a share seemed \"relatively low given all the opportunities that we believe are ahead of [Nuance's] business,\" Santangelo wrote Sunday. He highlighted Nuance's Dragon Ambient eXperience <a href=\"https://laohu8.com/S/DAX\">$(DAX)$</a> offering, which uses artificial intelligence to collect information about patients' health issues during visits.</p>\n<p>\"While we appreciate that this is generally close to our [price target] of $58, we would remind investors that our [price target] is on a <a href=\"https://laohu8.com/S/AONE\">one</a>-year basis -- and in the context of an acquisition, we would expect the company to generate a more substantial premium,\" he wrote prior to the official announcement. Santangelo added then that he \"would not rule out the possibility a competitive bidding situation.\"</p>\n<p>Wedbush analyst Daniel Ives called the Nuance deal a \"trophy\" for Microsoft's management team that could signal a greater interest in mergers over the coming months, given the company's reported interest in purchasing chat platform Discord for upwards of $10 billion.</p>\n<p>\"The Nuance deal is a strategic no brainer in our opinion for Microsoft and fits like a glove into its healthcare endeavors at a time in which hospitals and doctors are embracing next generation AI capabilities,\" Ives wrote in a note to clients after the deal announcement, while reiterating an outperform rating and a $300 target price.</p>\n<p>Beyond healthcare, Ives sees room for Microsoft, which already partners with Nuance, to integrate the company's advanced speech tools \"throughout its consumer and enterprise ecosystem.\"</p>\n<p>Microsoft and Nuance said in a release announcing their deal that Nuance's \"expertise will come together with the breadth and depth of Microsoft's cloud, including Azure, Teams, and Dynamics 365, to deliver next-generation customer engagement and security solutions.\"</p>\n<p>Microsoft shares have gained 19.4% over the past three months as the Dow Jones Industrial Average has risen 8.6%.</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>Microsoft $19.7 billion deal for Nuance is a 'no brainer'-- and could be a steal</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\">\nMicrosoft $19.7 billion deal for Nuance is a 'no brainer'-- and could be a steal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-04-12 23:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Guggenheim analyst said the purchase price for Nuance seems low given the opportunities for the business.</p>\n<p>Microsoft Corp. is making a big healthcare push with its purchase of speech-recognition software maker Nuance Communications -- and the company could be getting a bargain.</p>\n<p>The tech giant confirmed Monday that it plans to purchase Nuance <a href=\"https://laohu8.com/S/NUAN\">$(NUAN)$</a> for $56 a share in cash, with the deal valued at $19.7 billion, including Nuance's net debt. The proposed acquisition, expected to close later this calendar year, will give Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> access to Nuance's tools for conversational artificial intelligence <a href=\"https://laohu8.com/S/AI\">$(AI)$</a> and other intelligence products for the healthcare industry.</p>\n<p>Nuance shares were up 17% to $53.32 in recent Monday morning trading, while Microsoft shares were little changed. The deal, which valued Nuance's stock at a roughly 23% premium to the Friday closing price, would be the largest for Microsoft since its purchase of LinkedIn for more than $26 billion in 2016.</p>\n<p>Microsoft's plans to purchase Nuance had been reported by several outlets over the weekend ahead of Monday's official deal announcement. Guggenheim analyst Glen Santangelo commented in a Sunday note to clients that Microsoft's interest in the company was \"not overly surprising\" given that the companies had worked together on developing \"ambient intelligence\" products, though he was surprised about the deal price.</p>\n<p>A purchase price for Nuance of $56 a share seemed \"relatively low given all the opportunities that we believe are ahead of [Nuance's] business,\" Santangelo wrote Sunday. He highlighted Nuance's Dragon Ambient eXperience <a href=\"https://laohu8.com/S/DAX\">$(DAX)$</a> offering, which uses artificial intelligence to collect information about patients' health issues during visits.</p>\n<p>\"While we appreciate that this is generally close to our [price target] of $58, we would remind investors that our [price target] is on a <a href=\"https://laohu8.com/S/AONE\">one</a>-year basis -- and in the context of an acquisition, we would expect the company to generate a more substantial premium,\" he wrote prior to the official announcement. Santangelo added then that he \"would not rule out the possibility a competitive bidding situation.\"</p>\n<p>Wedbush analyst Daniel Ives called the Nuance deal a \"trophy\" for Microsoft's management team that could signal a greater interest in mergers over the coming months, given the company's reported interest in purchasing chat platform Discord for upwards of $10 billion.</p>\n<p>\"The Nuance deal is a strategic no brainer in our opinion for Microsoft and fits like a glove into its healthcare endeavors at a time in which hospitals and doctors are embracing next generation AI capabilities,\" Ives wrote in a note to clients after the deal announcement, while reiterating an outperform rating and a $300 target price.</p>\n<p>Beyond healthcare, Ives sees room for Microsoft, which already partners with Nuance, to integrate the company's advanced speech tools \"throughout its consumer and enterprise ecosystem.\"</p>\n<p>Microsoft and Nuance said in a release announcing their deal that Nuance's \"expertise will come together with the breadth and depth of Microsoft's cloud, including Azure, Teams, and Dynamics 365, to deliver next-generation customer engagement and security solutions.\"</p>\n<p>Microsoft shares have gained 19.4% over the past three months as the Dow Jones Industrial Average has risen 8.6%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","NUAN":"微妙通讯","09086":"华夏纳指-U","MSFT":"微软"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2126060590","content_text":"Guggenheim analyst said the purchase price for Nuance seems low given the opportunities for the business.\nMicrosoft Corp. is making a big healthcare push with its purchase of speech-recognition software maker Nuance Communications -- and the company could be getting a bargain.\nThe tech giant confirmed Monday that it plans to purchase Nuance $(NUAN)$ for $56 a share in cash, with the deal valued at $19.7 billion, including Nuance's net debt. The proposed acquisition, expected to close later this calendar year, will give Microsoft $(MSFT)$ access to Nuance's tools for conversational artificial intelligence $(AI)$ and other intelligence products for the healthcare industry.\nNuance shares were up 17% to $53.32 in recent Monday morning trading, while Microsoft shares were little changed. The deal, which valued Nuance's stock at a roughly 23% premium to the Friday closing price, would be the largest for Microsoft since its purchase of LinkedIn for more than $26 billion in 2016.\nMicrosoft's plans to purchase Nuance had been reported by several outlets over the weekend ahead of Monday's official deal announcement. Guggenheim analyst Glen Santangelo commented in a Sunday note to clients that Microsoft's interest in the company was \"not overly surprising\" given that the companies had worked together on developing \"ambient intelligence\" products, though he was surprised about the deal price.\nA purchase price for Nuance of $56 a share seemed \"relatively low given all the opportunities that we believe are ahead of [Nuance's] business,\" Santangelo wrote Sunday. He highlighted Nuance's Dragon Ambient eXperience $(DAX)$ offering, which uses artificial intelligence to collect information about patients' health issues during visits.\n\"While we appreciate that this is generally close to our [price target] of $58, we would remind investors that our [price target] is on a one-year basis -- and in the context of an acquisition, we would expect the company to generate a more substantial premium,\" he wrote prior to the official announcement. Santangelo added then that he \"would not rule out the possibility a competitive bidding situation.\"\nWedbush analyst Daniel Ives called the Nuance deal a \"trophy\" for Microsoft's management team that could signal a greater interest in mergers over the coming months, given the company's reported interest in purchasing chat platform Discord for upwards of $10 billion.\n\"The Nuance deal is a strategic no brainer in our opinion for Microsoft and fits like a glove into its healthcare endeavors at a time in which hospitals and doctors are embracing next generation AI capabilities,\" Ives wrote in a note to clients after the deal announcement, while reiterating an outperform rating and a $300 target price.\nBeyond healthcare, Ives sees room for Microsoft, which already partners with Nuance, to integrate the company's advanced speech tools \"throughout its consumer and enterprise ecosystem.\"\nMicrosoft and Nuance said in a release announcing their deal that Nuance's \"expertise will come together with the breadth and depth of Microsoft's cloud, including Azure, Teams, and Dynamics 365, to deliver next-generation customer engagement and security solutions.\"\nMicrosoft shares have gained 19.4% over the past three months as the Dow Jones Industrial Average has risen 8.6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346997973,"gmtCreate":1617978673592,"gmtModify":1704705606725,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment and say something pls&nbsp;","listText":"Like this comment and say something pls&nbsp;","text":"Like this comment and say something pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/346997973","repostId":"1168300924","repostType":4,"repost":{"id":"1168300924","pubTimestamp":1617955250,"share":"https://ttm.financial/m/news/1168300924?lang=&edition=fundamental","pubTime":"2021-04-09 16:00","market":"us","language":"en","title":"Next Week’s IPO Lineup Is Growing. It Could Be Busy.","url":"https://stock-news.laohu8.com/highlight/detail?id=1168300924","media":"barrons","summary":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Pa","content":"<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.</p><p>Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.</p><p>And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.</p><p>This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.</p><p>Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.</p><p>Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR,&nbsp;Bank of America‘s (BAC) BofA Securities, andCitigroup(C).</p><p>Founded in 2012, Applovin&nbsp;provides software&nbsp;used by mobile-game developers to grow their businesses.&nbsp; Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.</p><p>In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.</p><p>With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.</p><p>TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.</p><p>Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.</p><p>Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.</p><p>TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.</p><p>The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.</p><p>TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management &amp; Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.</p><p>The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.</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>Next Week’s IPO Lineup Is Growing. It Could Be Busy.</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\">\nNext Week’s IPO Lineup Is Growing. It Could Be Busy.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six....</p>\n\n<a href=\"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ALKT":"Alkami Technology, Inc.","APP":"AppLovin Corporation","KRT":"Karat Packaging Inc.","COIN":"Coinbase Global, Inc.","VECT":"VectivBio Holding AG"},"source_url":"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168300924","content_text":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR, Bank of America‘s (BAC) BofA Securities, andCitigroup(C).Founded in 2012, Applovin provides software used by mobile-game developers to grow their businesses.  Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management & Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348392877,"gmtCreate":1617887228999,"gmtModify":1704704374392,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348392877","repostId":"2125770852","repostType":4,"repost":{"id":"2125770852","pubTimestamp":1617886740,"share":"https://ttm.financial/m/news/2125770852?lang=&edition=fundamental","pubTime":"2021-04-08 20:59","market":"us","language":"en","title":"Here's Why the Flipkart IPO Is a Brilliant Move for Walmart","url":"https://stock-news.laohu8.com/highlight/detail?id=2125770852","media":"Jeremy Bowman","summary":"The Indian e-commerce company looks set to go public later this year.","content":"<p>Flipkart is planning an initial public offering (IPO) for the fourth quarter this year.</p><p>According to&nbsp;<i>Bloomberg</i>, the leading Indian e-commerce company, which is 77% owned by<b> Walmart </b>(NYSE:WMT), is seeking a valuation that could top $35 billion. Based on the $16 billion Walmart paid in 2018, which valued Flipkart at $21 billion, that $35 billion price tag would represent a gain of nearly 70% in Flipkart's valuation in just three years.</p><p>Walmart had been considering taking the company public through a special purpose acquisition company (SPAC) but is opting for the more traditional IPO route. The offering is expected to be listed in the U.S., but that decision and several others are still waiting to be finalized. Still, taking Flipkart public is a smart move for Walmart for a number of reasons. Let's take a closer look at why.&nbsp;</p><p><img src=\"https://static.tigerbbs.com/5e178ad17fc7b43375ffd3cfa5bc2ee0\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Walmart CEO Doug McMillon shakes hands with Flipkart co-founder Binny Bansal. Image source: Walmart.</p><h2>A ripe IPO market</h2><p>IPOs and SPACs have been flying higher in recent months as investor appetite for new issues has been incredibly strong. It's not unusual these days for debuts to double on their opening day, and foreign-based companies and e-commerce stocks have also been big winners.</p><p><b>Coupang</b>, for example, a South Korean e-commerce company, jumped 41% in its IPO, and&nbsp;<b>Ozon</b>, a Russian e-commerce operator, saw a 34% pop on its first trading day. If that pattern were to hold for Flipkart, the Indian e-commerce company could be worth more than $50 billion once it's publicly traded, unlocking significant value for Walmart.</p><p>It's not just new issues that have been flying higher either as e-commerce stocks, in general, have skyrocketed during the pandemic. Take a look at some of the winners over the last year, both inside and outside the U.S, in the chart below.</p><p><img src=\"https://static.tigerbbs.com/51df155480e952150e8cd198d5bf5634\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"></p><p>SE data by YCharts</p><p>As you can see, e-commerce stocks are up by multiples since early in the pandemic, and investors have reassessed their valuations of the sector as growth in online retail has accelerated by several years because of the pandemic, and that includes in India. &nbsp;</p><h2>A new Walmart</h2><p>Walmart is eager to reinvent its image from a stodgy brick-and-mortar retailer to a diversified company squarely focused on the future. The company has invested in areas like e-commerce and healthcare and even launched a fintech start-up. It's also reoriented its international portfolio to focus more on growth, selling off stakes in struggling markets like the U.K., Japan, Brazil, and Argentina, to focus on opportunities like Flipkart.&nbsp;</p><p>Given those emerging growth opportunities, there's a clear argument that Walmart is undervalued at its current price, and <a href=\"https://laohu8.com/S/AONE\">one</a> of the best ways to unlock that hidden value is to take Flipkart public. By doing so, Walmart will be tying its own valuation to that of Flipkart, which is likely to do well as a publicly traded stock given the massive opportunity in India and investors' own appetite for e-commerce stocks and IPO stocks. The Flipkart IPO could even have a halo effect on the rest of Walmart's businesses, causing investors to value the company more like a growth stock, which will lead to multiple expansions.</p><p><img src=\"https://static.tigerbbs.com/63477fbc1543109c3f9024e5d8d99fff\" tg-width=\"700\" tg-height=\"397\" referrerpolicy=\"no-referrer\"></p><p>Image source: Walmart.</p><h2>Is PhonePe next?</h2><p>Walmart got a bonus in its Flipkart acquisition: PhonePe, the digital payments app that now has more than 100 million monthly active users and is fast becoming a \"super app\" used for everything from grocery delivery to travel bookings. PhonePe was partially spun off from Flipkart in December at a valuation of $5.5 billion. It looks to have a bright future, given the opportunity in digital payments and the $16 billion valuation of rival Paytm, the Indian payments app backed by <b>Softbank&nbsp;</b>and&nbsp;<b>Alibaba</b>, in its last funding round in 2019. Walmart itself is clearly excited about the opportunity in front of PhonePe, touting its growth at its recent Investor Day conference.</p><p>If the Flipkart IPO is successful, a PhonePe IPO may not be far behind, and after the spin-off from Flipkart, Walmart may already be thinking about taking it public.</p><h2>It's all about unlocking value</h2><p>The biggest challenge these days for Walmart related to its stock is convincing investors that it deserves more of a premium than a typical retailer would. The company has made significant investments in e-commerce and made big promises to investors in the February conference, outlining initiatives in high-margin businesses like healthcare, financial services, and advertising.</p><p>The Flipkart IPO is <a href=\"https://laohu8.com/S/AONE.U\">one</a> way of delivering on that promise to unlock value. Even if the e-commerce company doesn't get the IPO bump that other stocks have gotten, a valuation of $35 billion would still be a win for Walmart, just three years after the acquisition. Beyond Flipkart, there are a number of other emerging areas in which investors would love to see the company execute, but taking the Indian e-commerce company public is a good start to Walmart's plan to reinvent itself.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why the Flipkart IPO Is a Brilliant Move for Walmart</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why the Flipkart IPO Is a Brilliant Move for Walmart\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-08 20:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/08/why-flipkart-ipo-is-brilliant-move-for-walmart/><strong>Jeremy Bowman</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Flipkart is planning an initial public offering (IPO) for the fourth quarter this year.According to Bloomberg, the leading Indian e-commerce company, which is 77% owned by Walmart (NYSE:WMT), is ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/08/why-flipkart-ipo-is-brilliant-move-for-walmart/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛"},"source_url":"https://www.fool.com/investing/2021/04/08/why-flipkart-ipo-is-brilliant-move-for-walmart/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125770852","content_text":"Flipkart is planning an initial public offering (IPO) for the fourth quarter this year.According to Bloomberg, the leading Indian e-commerce company, which is 77% owned by Walmart (NYSE:WMT), is seeking a valuation that could top $35 billion. Based on the $16 billion Walmart paid in 2018, which valued Flipkart at $21 billion, that $35 billion price tag would represent a gain of nearly 70% in Flipkart's valuation in just three years.Walmart had been considering taking the company public through a special purpose acquisition company (SPAC) but is opting for the more traditional IPO route. The offering is expected to be listed in the U.S., but that decision and several others are still waiting to be finalized. Still, taking Flipkart public is a smart move for Walmart for a number of reasons. Let's take a closer look at why. Walmart CEO Doug McMillon shakes hands with Flipkart co-founder Binny Bansal. Image source: Walmart.A ripe IPO marketIPOs and SPACs have been flying higher in recent months as investor appetite for new issues has been incredibly strong. It's not unusual these days for debuts to double on their opening day, and foreign-based companies and e-commerce stocks have also been big winners.Coupang, for example, a South Korean e-commerce company, jumped 41% in its IPO, and Ozon, a Russian e-commerce operator, saw a 34% pop on its first trading day. If that pattern were to hold for Flipkart, the Indian e-commerce company could be worth more than $50 billion once it's publicly traded, unlocking significant value for Walmart.It's not just new issues that have been flying higher either as e-commerce stocks, in general, have skyrocketed during the pandemic. Take a look at some of the winners over the last year, both inside and outside the U.S, in the chart below.SE data by YChartsAs you can see, e-commerce stocks are up by multiples since early in the pandemic, and investors have reassessed their valuations of the sector as growth in online retail has accelerated by several years because of the pandemic, and that includes in India.  A new WalmartWalmart is eager to reinvent its image from a stodgy brick-and-mortar retailer to a diversified company squarely focused on the future. The company has invested in areas like e-commerce and healthcare and even launched a fintech start-up. It's also reoriented its international portfolio to focus more on growth, selling off stakes in struggling markets like the U.K., Japan, Brazil, and Argentina, to focus on opportunities like Flipkart. Given those emerging growth opportunities, there's a clear argument that Walmart is undervalued at its current price, and one of the best ways to unlock that hidden value is to take Flipkart public. By doing so, Walmart will be tying its own valuation to that of Flipkart, which is likely to do well as a publicly traded stock given the massive opportunity in India and investors' own appetite for e-commerce stocks and IPO stocks. The Flipkart IPO could even have a halo effect on the rest of Walmart's businesses, causing investors to value the company more like a growth stock, which will lead to multiple expansions.Image source: Walmart.Is PhonePe next?Walmart got a bonus in its Flipkart acquisition: PhonePe, the digital payments app that now has more than 100 million monthly active users and is fast becoming a \"super app\" used for everything from grocery delivery to travel bookings. PhonePe was partially spun off from Flipkart in December at a valuation of $5.5 billion. It looks to have a bright future, given the opportunity in digital payments and the $16 billion valuation of rival Paytm, the Indian payments app backed by Softbank and Alibaba, in its last funding round in 2019. Walmart itself is clearly excited about the opportunity in front of PhonePe, touting its growth at its recent Investor Day conference.If the Flipkart IPO is successful, a PhonePe IPO may not be far behind, and after the spin-off from Flipkart, Walmart may already be thinking about taking it public.It's all about unlocking valueThe biggest challenge these days for Walmart related to its stock is convincing investors that it deserves more of a premium than a typical retailer would. The company has made significant investments in e-commerce and made big promises to investors in the February conference, outlining initiatives in high-margin businesses like healthcare, financial services, and advertising.The Flipkart IPO is one way of delivering on that promise to unlock value. Even if the e-commerce company doesn't get the IPO bump that other stocks have gotten, a valuation of $35 billion would still be a win for Walmart, just three years after the acquisition. Beyond Flipkart, there are a number of other emerging areas in which investors would love to see the company execute, but taking the Indian e-commerce company public is a good start to Walmart's plan to reinvent itself.","news_type":1},"isVote":1,"tweetType":1,"viewCount":257,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341839517,"gmtCreate":1617801643039,"gmtModify":1704703301663,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment if to win 99999 in your holding","listText":"Like this comment if to win 99999 in your holding","text":"Like this comment if to win 99999 in your holding","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341839517","repostId":"1197775977","repostType":4,"repost":{"id":"1197775977","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617801298,"share":"https://ttm.financial/m/news/1197775977?lang=&edition=fundamental","pubTime":"2021-04-07 21:14","market":"us","language":"en","title":"Online education platform Coursera has risen more than 70% since it went public","url":"https://stock-news.laohu8.com/highlight/detail?id=1197775977","media":"Tiger Newspress","summary":"Online education platform Coursera has risen more than 70% since it went public.The shares rose anot","content":"<p>Online&nbsp;education&nbsp;platform&nbsp;Coursera&nbsp;has&nbsp;risen&nbsp;more&nbsp;than&nbsp;70%&nbsp;since&nbsp;it&nbsp;went&nbsp;public.The&nbsp;shares&nbsp;rose another&nbsp;1.9% in Wednesday&nbsp;premarket action.</p><p><img src=\"https://static.tigerbbs.com/3f96576abdca25a7451887a104d5b166\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>The company priced its deal – for 15.7 million shares – at $33, which was at the high end of the $30 to $33 range. The stock jumped by 36%, bringing the market capitalization to $5.9 billion. Additionally, the lead underwriters on the IPO includedMorgan Stanley, Goldman Sachs, Citi and UBS Investment Bank.</p><p>The founders of Coursera are former Stanford professors Andrew Ng and Daphne Koller. In 2011, they posted some videos of their courses online, and the reception was strong, as more than 100,000 learners viewed them within a few weeks.</p><p>This would becomeoneof the pioneering examples of MOOCs (Massive Open Online Courses), but at the time, it was not clear if there was a viable business model. Would this be a good alternative to traditional instruction? What would the business model be?</p><p>Well, Ng and Koller kept at it – and Coursera continued to grow at a rapid pace.&nbsp; The cofounders also brought on savvy business managers to help scale the operations. In June 2017, they recruited Jeff Maggioncalda to take on the CEO spot. Before this, he was the CEO atFinancial Engines, which he took public.</p><p><b>Background On Coursera</b></p><p>The online educational model has a variety of advantages. For example, a student can get access to some of the world’s top instructors and there is also a diverse set of course offerings.</p><p>But Coursera has gone above and beyond, with the company focusing on providing curriculum to help its learners get high-paid jobs. To this end, it has forged partnerships with companies like Amazon (<b>AMZN</b>), C3ai (<b>AI</b>),IBM(<b>IBM</b>) and Alphabet (<b>GOOGL</b>).</p><p>It should also be noted that Coursera offers affordable courses, with the pricing starting at $39 per month. In addition, there are certificate programs that range from $2,000 to $6,000 as well as bachelor’s or master’s Degrees, which cost between $9,000 to $45,000.</p><p>In terms of the growth, Coursera has been experiencing an acceleration. Last year, revenues jumped by 59%, boosted by the COVID-19 pandemic. Educational institutions had little choice but to provide their courses online – and Coursera was a big help for this.</p><p>Now it’s true that net losses did increase from $46.7 million to $66.8 million, but this was mainly to build up the infrastructure to handle the influx of new learners, which came in at over 30 million last year.</p><p>As for the market opportunity, it is definitely large. According to analysis from HolonIQ, the global spending on online degrees was $36 billion in 2019, and is expected to hit $74 billion by 2025.</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>Online education platform Coursera has risen more than 70% since it went public</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\">\nOnline education platform Coursera has risen more than 70% since it went public\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-07 21:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Online&nbsp;education&nbsp;platform&nbsp;Coursera&nbsp;has&nbsp;risen&nbsp;more&nbsp;than&nbsp;70%&nbsp;since&nbsp;it&nbsp;went&nbsp;public.The&nbsp;shares&nbsp;rose another&nbsp;1.9% in Wednesday&nbsp;premarket action.</p><p><img src=\"https://static.tigerbbs.com/3f96576abdca25a7451887a104d5b166\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>The company priced its deal – for 15.7 million shares – at $33, which was at the high end of the $30 to $33 range. The stock jumped by 36%, bringing the market capitalization to $5.9 billion. Additionally, the lead underwriters on the IPO includedMorgan Stanley, Goldman Sachs, Citi and UBS Investment Bank.</p><p>The founders of Coursera are former Stanford professors Andrew Ng and Daphne Koller. In 2011, they posted some videos of their courses online, and the reception was strong, as more than 100,000 learners viewed them within a few weeks.</p><p>This would becomeoneof the pioneering examples of MOOCs (Massive Open Online Courses), but at the time, it was not clear if there was a viable business model. Would this be a good alternative to traditional instruction? What would the business model be?</p><p>Well, Ng and Koller kept at it – and Coursera continued to grow at a rapid pace.&nbsp; The cofounders also brought on savvy business managers to help scale the operations. In June 2017, they recruited Jeff Maggioncalda to take on the CEO spot. Before this, he was the CEO atFinancial Engines, which he took public.</p><p><b>Background On Coursera</b></p><p>The online educational model has a variety of advantages. For example, a student can get access to some of the world’s top instructors and there is also a diverse set of course offerings.</p><p>But Coursera has gone above and beyond, with the company focusing on providing curriculum to help its learners get high-paid jobs. To this end, it has forged partnerships with companies like Amazon (<b>AMZN</b>), C3ai (<b>AI</b>),IBM(<b>IBM</b>) and Alphabet (<b>GOOGL</b>).</p><p>It should also be noted that Coursera offers affordable courses, with the pricing starting at $39 per month. In addition, there are certificate programs that range from $2,000 to $6,000 as well as bachelor’s or master’s Degrees, which cost between $9,000 to $45,000.</p><p>In terms of the growth, Coursera has been experiencing an acceleration. Last year, revenues jumped by 59%, boosted by the COVID-19 pandemic. Educational institutions had little choice but to provide their courses online – and Coursera was a big help for this.</p><p>Now it’s true that net losses did increase from $46.7 million to $66.8 million, but this was mainly to build up the infrastructure to handle the influx of new learners, which came in at over 30 million last year.</p><p>As for the market opportunity, it is definitely large. According to analysis from HolonIQ, the global spending on online degrees was $36 billion in 2019, and is expected to hit $74 billion by 2025.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COUR":"Coursera, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197775977","content_text":"Online education platform Coursera has risen more than 70% since it went public.The shares rose another 1.9% in Wednesday premarket action.The company priced its deal – for 15.7 million shares – at $33, which was at the high end of the $30 to $33 range. The stock jumped by 36%, bringing the market capitalization to $5.9 billion. Additionally, the lead underwriters on the IPO includedMorgan Stanley, Goldman Sachs, Citi and UBS Investment Bank.The founders of Coursera are former Stanford professors Andrew Ng and Daphne Koller. In 2011, they posted some videos of their courses online, and the reception was strong, as more than 100,000 learners viewed them within a few weeks.This would becomeoneof the pioneering examples of MOOCs (Massive Open Online Courses), but at the time, it was not clear if there was a viable business model. Would this be a good alternative to traditional instruction? What would the business model be?Well, Ng and Koller kept at it – and Coursera continued to grow at a rapid pace.  The cofounders also brought on savvy business managers to help scale the operations. In June 2017, they recruited Jeff Maggioncalda to take on the CEO spot. Before this, he was the CEO atFinancial Engines, which he took public.Background On CourseraThe online educational model has a variety of advantages. For example, a student can get access to some of the world’s top instructors and there is also a diverse set of course offerings.But Coursera has gone above and beyond, with the company focusing on providing curriculum to help its learners get high-paid jobs. To this end, it has forged partnerships with companies like Amazon (AMZN), C3ai (AI),IBM(IBM) and Alphabet (GOOGL).It should also be noted that Coursera offers affordable courses, with the pricing starting at $39 per month. In addition, there are certificate programs that range from $2,000 to $6,000 as well as bachelor’s or master’s Degrees, which cost between $9,000 to $45,000.In terms of the growth, Coursera has been experiencing an acceleration. Last year, revenues jumped by 59%, boosted by the COVID-19 pandemic. Educational institutions had little choice but to provide their courses online – and Coursera was a big help for this.Now it’s true that net losses did increase from $46.7 million to $66.8 million, but this was mainly to build up the infrastructure to handle the influx of new learners, which came in at over 30 million last year.As for the market opportunity, it is definitely large. According to analysis from HolonIQ, the global spending on online degrees was $36 billion in 2019, and is expected to hit $74 billion by 2025.","news_type":1},"isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343661929,"gmtCreate":1617713994861,"gmtModify":1704702105019,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like and comment in this post so your holdings will +100%","listText":"Like and comment in this post so your holdings will +100%","text":"Like and comment in this post so your holdings will +100%","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/343661929","repostId":"1101907559","repostType":4,"repost":{"id":"1101907559","pubTimestamp":1617672655,"share":"https://ttm.financial/m/news/1101907559?lang=&edition=fundamental","pubTime":"2021-04-06 09:30","market":"us","language":"en","title":"Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time","url":"https://stock-news.laohu8.com/highlight/detail?id=1101907559","media":"marketwatch","summary":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management. Its reach and operating practices were","content":"<blockquote>\n <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>\n</blockquote>\n<p>Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p>\n<p>In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p>\n<p>Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p>\n<p>The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p>\n<p>A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p>\n<p><b>Unregulated money managers</b></p>\n<p>Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p>\n<p>This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p>\n<p>The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p>\n<p>But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p>\n<p><b>Danger of counterparty risk</b></p>\n<p>This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p>\n<p>So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p>\n<p>One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p>\n<p>But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p>\n<p><b>Yellen on the case</b></p>\n<p>This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p>\n<p>Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p>\n<p>The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</p>","source":"lsy1603348471595","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>Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time</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\">\nOpinion: Financial crises get triggered about every 10 years — Archegos might be right on time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-06 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of ...</p>\n\n<a href=\"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101907559","content_text":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.\nIn 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.\nExactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.\nThe trend? Every 10 years or so, and they all look different. Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?\nA family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.\nUnregulated money managers\nHere’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)\nThis appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player Vipshop Holdings Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company GSX Techedu Inc.GSX,-10.63%and U.S. media companiesViacomCBS Inc.VIAC,-3.90%and Discovery Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.\nThe problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%, Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc. NMR,+1.87%.\nBut since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.\nDanger of counterparty risk\nThis is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.\nSo is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.\nOne peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.\nBut federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.\nYellen on the case\nThis issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”\nMost financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.\nThe Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?","news_type":1},"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349647426,"gmtCreate":1617610647265,"gmtModify":1704700796033,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like my comment please&nbsp;","listText":"Like my comment please&nbsp;","text":"Like my comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349647426","repostId":"2125509847","repostType":4,"isVote":1,"tweetType":1,"viewCount":254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349039396,"gmtCreate":1617503159115,"gmtModify":1704700039961,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like my comment if you want to win, thanks","listText":"Like my comment if you want to win, thanks","text":"Like my comment if you want to win, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/349039396","repostId":"2124875875","repostType":4,"repost":{"id":"2124875875","pubTimestamp":1617366960,"share":"https://ttm.financial/m/news/2124875875?lang=&edition=fundamental","pubTime":"2021-04-02 20:36","market":"us","language":"en","title":"Tesla Q1 2021 Vehicle Production & Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=2124875875","media":"StreetInsider","summary":"PALO ALTO, Calif., April 02, 2021  -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.Forward-Looking Statements Statements herein regarding the timin","content":"<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.</p>\n<table>\n <tbody>\n  <tr>\n   <td></td>\n   <td><b>Production</b></td>\n   <td><b>Deliveries</b></td>\n   <td><b>Subject to operating lease accounting</b></td>\n  </tr>\n  <tr>\n   <td>Model S/X</td>\n   <td>-</td>\n   <td>2,020</td>\n   <td>6%</td>\n  </tr>\n  <tr>\n   <td>Model 3/Y</td>\n   <td>180,338</td>\n   <td>182,780</td>\n   <td>7%</td>\n  </tr>\n  <tr>\n   <td><b>Total</b></td>\n   <td><b>180,338</b></td>\n   <td><b>184,800</b></td>\n   <td><b>7%</b></td>\n  </tr>\n </tbody>\n</table>\n<p>***************</p>\n<p>Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only <a href=\"https://laohu8.com/S/AONE\">one</a> measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.</p>\n<p><b>Forward-Looking Statements</b>&nbsp;Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.</p>\n<p><img src=\"https://static.tigerbbs.com/db04c7b378cb2db912c3ba8a5a774ee3\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/c2196de8ba412c60c22ab491af7b1409\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>","source":"highlight_streetinsider","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>Tesla Q1 2021 Vehicle Production & Deliveries</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\">\nTesla Q1 2021 Vehicle Production & Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18215929><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18215929\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18215929","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124875875","content_text":"PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.\n\n\n\n\nProduction\nDeliveries\nSubject to operating lease accounting\n\n\nModel S/X\n-\n2,020\n6%\n\n\nModel 3/Y\n180,338\n182,780\n7%\n\n\nTotal\n180,338\n184,800\n7%\n\n\n\n***************\nOur net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.\nForward-Looking Statements Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.","news_type":1},"isVote":1,"tweetType":1,"viewCount":99,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340117270,"gmtCreate":1617355545390,"gmtModify":1704699127987,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like and comment on this pls, tq very much","listText":"Like and comment on this pls, tq very much","text":"Like and comment on this pls, tq very much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/340117270","repostId":"2124732330","repostType":4,"isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340117815,"gmtCreate":1617355507637,"gmtModify":1704699127826,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Comment on it.","listText":"Comment on it.","text":"Comment on it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340117815","repostId":"1180941072","repostType":4,"repost":{"id":"1180941072","pubTimestamp":1617347526,"share":"https://ttm.financial/m/news/1180941072?lang=&edition=fundamental","pubTime":"2021-04-02 15:12","market":"us","language":"en","title":"Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1180941072","media":"zerohedge","summary":"One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (alm","content":"<p>One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a boring media stock the best performing company of 2021, but then when its luck suddenly ended it was margin called into extinction, leading to billions in losses for the banks that enabled what Bloomberg has dubbed its<i>\"leveraged blowout.\"</i></p><p>Thanks to detailed reports by theFinancial TimesandBloomberg, we now have the missing pieces to complete the picture of the biggest hedge fund implosion of the 21st century.</p><p>As a reminder, and as wepreviously discussed, we already knew<i><b>how</b></i>Archegos was building up stakes in its various holdings: unlike most other investors, the fund never actually owned the underlying stock or even calls on the stock, but rather transacted by purchasing equity swaps known as Total Return Swaps (TRS) or Certificates For Difference (CFD). Similar to Credit Default Swaps, TRS exposed Archegos to the daily variation margin on the underlying stock, and as such while the fund would benefit economically from increases in the underlying stock price (and, inversely, would be hit by price drops forcing it to put up more cash as margin any day the stock price dropped) it would<i><b>never be the actual owner of record</b></i>of the underlying stock. Instead, the stock that Archegos was long would be \"owned\" by its prime broker, the same entity that allowed it to enter into TRS in the first place. As such<b>Archegos also never had any disclosure requirements</b>, allowing it to transact completely in the dark while being fully compliant with SEC disclosure requirements -<i>since it didn't own the underlying stock, Archegos did not have to disclose it.</i><b>Simple and brilliant.</b></p><p>This part is important because the lack of a documented trail of ownership to Archegos is what enabled the entire Ponzi bezzle... and the staggering leverage the fund applied to its portfolio. Furthermore, well aware that there was almost no way to verify just how much of a given stock he owned, Hwang proceeded to have nearly identical positions with not one, not two but at least<i><b>eight</b></i>prime brokers (the final number is still being determined as more and more come out of the woodwork).</p><p>Not that Archegos prime brokers were completely clueless as to what was going on.</p><p>As Bloomberg reports, while much of the investing world watched in stunned silence how an \"old media\" company - ViacomCBS - shot up almost 300% in weeks, becoming the best performing stock in the S&amp;P500 and prompting investors to speculate that the stock was was either undervalued,<i><b>or</b></i>like GameStop,<i><b>or</b></i>a takeover target, a handful of execs at Wall Street's top trading firms were aware of what was behind the move: it was Archegos Capital Management, who was building a massive position in&nbsp;ViacomCBS and a handful of other stocks...<b>using leverage the same banks so generously offered with stock which the banks themselves technically owned!</b></p><p><img src=\"https://static.tigerbbs.com/b2673e53795d60481c007d7f7d30c147\" tg-width=\"500\" tg-height=\"293\" referrerpolicy=\"no-referrer\">But while banks around the world - from<i>Goldman, Morgan Stanley and Wells in the US, to Credit Susse, UBS and Deutsche Bank in Europe, to Nomura and Mitsubishi UFJ in Japan</i>- kept giving Hwang the leverage he needed to acquire more and more of the stock, until he became the biggest<i><b>economic</b></i>if not<i><b>registered</b></i>owner of Viacom, what they did<i>not</i>know - thanks to the was Total Return Swaps are structured - was the full extent of his wagers. Which were massive:<i>he stealthily amassed $10 billion of Viacom</i>.</p><p>Viacom was just one of many: using even more TRS and even more leverage across even more Prime Brokers, Archegos was able to place colossal wagers while avoiding the disclosures required of most investors. And so<b>\"almost invisibly\" Hwang accumulated a portfolio which according to Bloomberg sources was as much as</b><b><u>$100 billion</u></b><b>!</b></p><p>Eventually, Archegos built positions in at least nine stocks that were big enough to rank him among the largest holders, fueled by a level of bank leverage that would have been unusual even for a hedge fund.</p><p>While we previously discussed the leverage aspect of Archegos strategy, here it is again: with Bill Hwuang managing approximately $10BN in assets under management, the multiple Total Return Swaps with unwitting prime brokers allowed the fund to build up a staggering $100 billion in positions, implying a huge 10x leverage. This is the kind of leverage one associated with the likes of financial titans likeCitadel and Millennium, not a smallish family office which has zero downside protection (as we would eventually learn).</p><p><img src=\"https://static.tigerbbs.com/e3436444c8e02081d1822cb0823fc1f1\" tg-width=\"500\" tg-height=\"285\" referrerpolicy=\"no-referrer\">What is amazing about this unilateral Ponzi scheme is that it relied on what we have dubbed<i><b>rehypothecated leverage</b></i>: the fund<i>never even owned the underlying stock which was layered with billions in generous Prime Broker debt</i>, but it was Archegos' Prime Brokers who not only would own the actual stock<b>but would also allow Hwang to add tens of billions in leverage... on an asset that they owned!</b></p><p>What is also remarkable is that Archegos' ponzi scheme could have continued indefinitely if only Viacom stock had i) continue to rise or ii) avoided a crash. After all, having ignited the initial upward moment, Archegos had effectively forced benchmark-tracking investors, exchange-traded funds, CTAs and other momentum investors to buy as well.</p><p>Sadly for Hwang (and his Primer Brokers) the upward momentum ended with a bang last Monday, when with its shares trading at $100, Viacom announced a $3BN stock sale, which hammered the stock, followed by a round of analyst downgrades, which sent the stock tumbling. It was at this point that Archegos was now facing tens of billions in margin calls on its VIACA Total Return Swaps from its Prime Brokers.</p><p><img src=\"https://static.tigerbbs.com/0543d0f74cfb9ce4e0ca6662b0f012a7\" tg-width=\"500\" tg-height=\"293\" referrerpolicy=\"no-referrer\">And therein lies the rub, because when the time came to unwind the Archegos Ponzi, the Prime Brokers' counterparty was not Archegos but other Prime Brokers. This is what led to the infamous meeting late last Thursday, where a bunch of PBs tried to reach an amicable resolution ahead of Friday's bloodbath. As Bloomberg adds, at several points during those exchanges, bankers implored Hwang to buy himself breathing room by selling some stocks and raising cash to post collateral. But \"he wouldn’t budge.\"</p><p>As a result, Morgan Stanley and Goldman promptly started dumping blocks of stock backing Archegos TRS in the open market. In doing so the started a margin call liquidation, in which those who sold first - like Goldman, Morgan Stanley and Deutsche - would avoid massive losses, while those who waited like Nomura and Credit Suisse...<i>would not.</i>Indeed, we already knew that Nomura, Japan’s largest investment bank, said its losses could hit $2Bn, while losses at Credit Suisse could be as large as $4Bn according to the FT.</p><p>At this point, many questions popped up, especially (and belatedly) inside the banks themselves: as theFT reports, executives within the prime brokerage divisions of at least two banks \"<b>are being quizzed by risk managers over why they offered a business as small as Archegos tens of billions of dollars of leverage on trades in volatile equities through swaps contracts,</b>.\"</p><p>As the FT further notes, echoing what we said above, while prime brokerage clients typically provide few details about their other trading activities, \"executives from at least two of the six banks are investigating whether Hwang deliberately misled them or withheld vital information about mirror positions he had built up at rival banks, according to people involved in the probes.\"</p><p>Well, no: Archegos did not mislead anyone. He simply used (and abused) a system where - as we put it - one investor can create as much rehypothecated leverage as the investors' banks and Prime Brokers will allow him. In this case we know the number may have been as high as a mindblowing $90 billion.</p><p>Naturally, had the banks known that<i><b>in a worst case scenario they would be facing other banks-</b></i>since such replicated, or rather rehypothecated position would magnify the risks on each of the trades making a bank less likely to extend so much credit against them&nbsp; - none of this would have been possible. However, as long as everything was going up, and all of Archegos positions were pleasasntly surging nobody seemed to care... or bother to calculate just how big the downside risk was (one can thank the Fed Put for that).</p><p>One final remarkable aspect of this whole story is that this is not Hwang's first crisis. In 2012 he submitted a&nbsp;guilty plea on behalf of his hedge fund to a charge of wire fraud, and he resolved related civil claims of insider trading without&nbsp;admitting or denying wrongdoing. Archegos is the family office he formed after winding down that firm, Tiger Asia Management.</p><p>However, as if nothing had ever happened, prime brokerages immediately began lining&nbsp;up to&nbsp;help the new business. Morgan Stanley was among his early backers.&nbsp;Deutsche Bank signed him as a client at the urging of at least one senior executive, according to Bloomberg, \"who was unperturbed by the insider-trading taint and didn’t believe Hwang had done anything wrong, according to a person familiar with that decision.\" Ironically, just a few years later,<b>Hwang did something wrong and it would prove to be the biggest hedge fund collapse in post-LTCM history.</b></p><p>Not every bank acted like an idiot: one firm resisted the lure. Archegos approached JPMorgan sometime between 2016 and 2018 and was rebuffed, according to the Bloomberg report. At the time, JPMorgan was still revamping the equity prime-brokerage unit it had acquired with Bear Stearns during the 2008 financial crisis. \"Dumb luck or not, the bank dodged a bullet.\"</p><p>The rest of the story is mostly known, so now what.</p><p>Well, aswe first hintedand as Bloomberg reports, already regulators are dropping hints of new rules to come, with SEC officials signaling to banks that they intend to make trading disclosures from hedge funds a higher priority, while also finding ways to address risk and leverage.</p><blockquote><i>Senior finance executives acknowledge that a crackdown of some form, whether on borrowing or transparency or both, is inevitable.</i></blockquote><p>Amusingly, and picking up on the FT's reporting, Bloomberg also notes that while some of those firms have disclosed the financial impact of their roles in the Archegos collapse,<b>none is willing to comment on how or why they enabled Hwang to become such a force in the market.</b>After all what can they say: \"the other guys vetted him, so we assumed he was clean\"...</p><p>There are also questions whether Hwang’s counterparties knew about his relationships with other banks and the scale of the leverage he was using for what appear to be concentrated positions in a handful of companies. And - more ominously - if they did not know anything about his exposure,<b>why the hell not?</b>As wereported on Tuesday, JPMorgan (which successfully managed to avoid this scandal completely) estimated that the Prime Brokers facing Archegos may end up<b>absorbing as much as $10 billion in combined losses.</b></p><p>Already credit rating agencies have downgraded outlooks for Credit Suisse and Nomura, citing concerns over “the quality of risk management” while activist investors are demanding better governance and would not mind if senior execs were summarily fired over this episode to restore confidence.</p><p>\"Risk controls still are not where they should be,\" David Herro, one of Credit Suisse’s biggest shareholders, said Wednesday in a Bloomberg TV&nbsp;interview. \"Hopefully, this is a wake-up call to expedite the cultural change that is needed in this company.\"</p><p>But going back to Bloomberg's original point, for all their silence the prime-brokerage units of&nbsp;Nomura,&nbsp;Goldman Sachs,&nbsp;Morgan Stanley, Credit Suisse and others,<b>had clues about what Archegos was doing.</b>These firms knew about the trades they had financed, of course, and also had some visibility into his total borrowings. And yet they didn't bother to ask about what, if any, risk management was being implemented to avoid an uncontrolled unwind. Or rather,<i><b>the questions emerged only after the margin call.</b></i></p><p>What the Prime Brokers also didn't know is that Hwang was taking parallel positions at multiple firms, piling more leverage onto the same few stocks, which brings us back to our<i><b>rehypothecated leverage</b></i>concept which we are confident we will use much more in the coming months, especially since \"unwinding a series of large, leveraged bets placed by a single account is one thing; doing so when rival banks are liquidating the same positions held by the same client is quite another.\"</p><p>Archegos' own \"Lehman moment\" came late on March 25 when Hwang’s prime brokers met again and discussed the possibility of standing down temporarily to let tensions ease, as we reported previously, but any attempt at solidarity proved short-lived: shortly after some PBs sent Archegos notices of default, clearing the way for Goldman and Morgan Stanley to dump Hwang's positions.</p><p>“Hopefully this will cause the prime brokerages of regulated banking organizations (and their supervisors) to re-assess their relationships with highly leveraged hedge funds,” former FDIC chair Sheila Bair tweeted.</p><p><img src=\"https://static.tigerbbs.com/b70d4570bcc92554dba7f9d5db168422\" tg-width=\"470\" tg-height=\"335\" referrerpolicy=\"no-referrer\">She is, of course, wrong.</p><p>In fact, if anything we expect Prime Brokers will make leverage<i>even easier to obtain for non-bank, hedge fund and family office clients</i>, because the one big mistake Archegos (and its Prime Brokers) made was that it was not big and systemic enough to merit a Fed bailout. Now, if Archegos had a portfolio of $200 billion, $300 billion or more, while usingCitadel's 50x leverage,<b>now we're talking \"size\"...</b>size enough for the Fed to step in and make everyone whole on the back of taxpayers... the same way the Fed bailed out Citadel, Millennium and Point72 in September 2019 during the repo crisis (as bothZero Hedgeand subsequentlyBloomberg, explained).</p><p>There is another reason nothing will change: hedge funds, Prime Brokers, banks - in fact the Fed itself - are all incentivized to<i><u><b>not</b></u></i>look at what skeletons may be found in the closet. Why? Because if the banks are forced to admit that there are more Archegos funds -<i><u><b>and there are countless</b></u></i>- Prime Brokers will have no choice but to sequester collateral from more clients, sparking more margin calls, leading to more stock liquidations, and resulting in even bigger investor panic. Call it a side effect of building castles on crooked foundations in an artificial, fake, Fed-supported market.</p><p>Is another market panic what the Fed wants? Or what the Biden admin wants? Of course not.</p><p>Which is why we will get a token Congressional hearing where politicians care more to hear themselves talk than listen to the answers, the banks will slap a few hands, one or two small sacrificial hedge funds will be shut down, and the world will move on, especially once Archegos is no longer on the front page of the financial media.</p><p>It's also why when the next major hedge fund implosion does happen, it will be far more catastrophic.</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>Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 15:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180941072","content_text":"One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a boring media stock the best performing company of 2021, but then when its luck suddenly ended it was margin called into extinction, leading to billions in losses for the banks that enabled what Bloomberg has dubbed its\"leveraged blowout.\"Thanks to detailed reports by theFinancial TimesandBloomberg, we now have the missing pieces to complete the picture of the biggest hedge fund implosion of the 21st century.As a reminder, and as wepreviously discussed, we already knewhowArchegos was building up stakes in its various holdings: unlike most other investors, the fund never actually owned the underlying stock or even calls on the stock, but rather transacted by purchasing equity swaps known as Total Return Swaps (TRS) or Certificates For Difference (CFD). Similar to Credit Default Swaps, TRS exposed Archegos to the daily variation margin on the underlying stock, and as such while the fund would benefit economically from increases in the underlying stock price (and, inversely, would be hit by price drops forcing it to put up more cash as margin any day the stock price dropped) it wouldnever be the actual owner of recordof the underlying stock. Instead, the stock that Archegos was long would be \"owned\" by its prime broker, the same entity that allowed it to enter into TRS in the first place. As suchArchegos also never had any disclosure requirements, allowing it to transact completely in the dark while being fully compliant with SEC disclosure requirements -since it didn't own the underlying stock, Archegos did not have to disclose it.Simple and brilliant.This part is important because the lack of a documented trail of ownership to Archegos is what enabled the entire Ponzi bezzle... and the staggering leverage the fund applied to its portfolio. Furthermore, well aware that there was almost no way to verify just how much of a given stock he owned, Hwang proceeded to have nearly identical positions with not one, not two but at leasteightprime brokers (the final number is still being determined as more and more come out of the woodwork).Not that Archegos prime brokers were completely clueless as to what was going on.As Bloomberg reports, while much of the investing world watched in stunned silence how an \"old media\" company - ViacomCBS - shot up almost 300% in weeks, becoming the best performing stock in the S&P500 and prompting investors to speculate that the stock was was either undervalued,orlike GameStop,ora takeover target, a handful of execs at Wall Street's top trading firms were aware of what was behind the move: it was Archegos Capital Management, who was building a massive position in ViacomCBS and a handful of other stocks...using leverage the same banks so generously offered with stock which the banks themselves technically owned!But while banks around the world - fromGoldman, Morgan Stanley and Wells in the US, to Credit Susse, UBS and Deutsche Bank in Europe, to Nomura and Mitsubishi UFJ in Japan- kept giving Hwang the leverage he needed to acquire more and more of the stock, until he became the biggesteconomicif notregisteredowner of Viacom, what they didnotknow - thanks to the was Total Return Swaps are structured - was the full extent of his wagers. Which were massive:he stealthily amassed $10 billion of Viacom.Viacom was just one of many: using even more TRS and even more leverage across even more Prime Brokers, Archegos was able to place colossal wagers while avoiding the disclosures required of most investors. And so\"almost invisibly\" Hwang accumulated a portfolio which according to Bloomberg sources was as much as$100 billion!Eventually, Archegos built positions in at least nine stocks that were big enough to rank him among the largest holders, fueled by a level of bank leverage that would have been unusual even for a hedge fund.While we previously discussed the leverage aspect of Archegos strategy, here it is again: with Bill Hwuang managing approximately $10BN in assets under management, the multiple Total Return Swaps with unwitting prime brokers allowed the fund to build up a staggering $100 billion in positions, implying a huge 10x leverage. This is the kind of leverage one associated with the likes of financial titans likeCitadel and Millennium, not a smallish family office which has zero downside protection (as we would eventually learn).What is amazing about this unilateral Ponzi scheme is that it relied on what we have dubbedrehypothecated leverage: the fundnever even owned the underlying stock which was layered with billions in generous Prime Broker debt, but it was Archegos' Prime Brokers who not only would own the actual stockbut would also allow Hwang to add tens of billions in leverage... on an asset that they owned!What is also remarkable is that Archegos' ponzi scheme could have continued indefinitely if only Viacom stock had i) continue to rise or ii) avoided a crash. After all, having ignited the initial upward moment, Archegos had effectively forced benchmark-tracking investors, exchange-traded funds, CTAs and other momentum investors to buy as well.Sadly for Hwang (and his Primer Brokers) the upward momentum ended with a bang last Monday, when with its shares trading at $100, Viacom announced a $3BN stock sale, which hammered the stock, followed by a round of analyst downgrades, which sent the stock tumbling. It was at this point that Archegos was now facing tens of billions in margin calls on its VIACA Total Return Swaps from its Prime Brokers.And therein lies the rub, because when the time came to unwind the Archegos Ponzi, the Prime Brokers' counterparty was not Archegos but other Prime Brokers. This is what led to the infamous meeting late last Thursday, where a bunch of PBs tried to reach an amicable resolution ahead of Friday's bloodbath. As Bloomberg adds, at several points during those exchanges, bankers implored Hwang to buy himself breathing room by selling some stocks and raising cash to post collateral. But \"he wouldn’t budge.\"As a result, Morgan Stanley and Goldman promptly started dumping blocks of stock backing Archegos TRS in the open market. In doing so the started a margin call liquidation, in which those who sold first - like Goldman, Morgan Stanley and Deutsche - would avoid massive losses, while those who waited like Nomura and Credit Suisse...would not.Indeed, we already knew that Nomura, Japan’s largest investment bank, said its losses could hit $2Bn, while losses at Credit Suisse could be as large as $4Bn according to the FT.At this point, many questions popped up, especially (and belatedly) inside the banks themselves: as theFT reports, executives within the prime brokerage divisions of at least two banks \"are being quizzed by risk managers over why they offered a business as small as Archegos tens of billions of dollars of leverage on trades in volatile equities through swaps contracts,.\"As the FT further notes, echoing what we said above, while prime brokerage clients typically provide few details about their other trading activities, \"executives from at least two of the six banks are investigating whether Hwang deliberately misled them or withheld vital information about mirror positions he had built up at rival banks, according to people involved in the probes.\"Well, no: Archegos did not mislead anyone. He simply used (and abused) a system where - as we put it - one investor can create as much rehypothecated leverage as the investors' banks and Prime Brokers will allow him. In this case we know the number may have been as high as a mindblowing $90 billion.Naturally, had the banks known thatin a worst case scenario they would be facing other banks-since such replicated, or rather rehypothecated position would magnify the risks on each of the trades making a bank less likely to extend so much credit against them  - none of this would have been possible. However, as long as everything was going up, and all of Archegos positions were pleasasntly surging nobody seemed to care... or bother to calculate just how big the downside risk was (one can thank the Fed Put for that).One final remarkable aspect of this whole story is that this is not Hwang's first crisis. In 2012 he submitted a guilty plea on behalf of his hedge fund to a charge of wire fraud, and he resolved related civil claims of insider trading without admitting or denying wrongdoing. Archegos is the family office he formed after winding down that firm, Tiger Asia Management.However, as if nothing had ever happened, prime brokerages immediately began lining up to help the new business. Morgan Stanley was among his early backers. Deutsche Bank signed him as a client at the urging of at least one senior executive, according to Bloomberg, \"who was unperturbed by the insider-trading taint and didn’t believe Hwang had done anything wrong, according to a person familiar with that decision.\" Ironically, just a few years later,Hwang did something wrong and it would prove to be the biggest hedge fund collapse in post-LTCM history.Not every bank acted like an idiot: one firm resisted the lure. Archegos approached JPMorgan sometime between 2016 and 2018 and was rebuffed, according to the Bloomberg report. At the time, JPMorgan was still revamping the equity prime-brokerage unit it had acquired with Bear Stearns during the 2008 financial crisis. \"Dumb luck or not, the bank dodged a bullet.\"The rest of the story is mostly known, so now what.Well, aswe first hintedand as Bloomberg reports, already regulators are dropping hints of new rules to come, with SEC officials signaling to banks that they intend to make trading disclosures from hedge funds a higher priority, while also finding ways to address risk and leverage.Senior finance executives acknowledge that a crackdown of some form, whether on borrowing or transparency or both, is inevitable.Amusingly, and picking up on the FT's reporting, Bloomberg also notes that while some of those firms have disclosed the financial impact of their roles in the Archegos collapse,none is willing to comment on how or why they enabled Hwang to become such a force in the market.After all what can they say: \"the other guys vetted him, so we assumed he was clean\"...There are also questions whether Hwang’s counterparties knew about his relationships with other banks and the scale of the leverage he was using for what appear to be concentrated positions in a handful of companies. And - more ominously - if they did not know anything about his exposure,why the hell not?As wereported on Tuesday, JPMorgan (which successfully managed to avoid this scandal completely) estimated that the Prime Brokers facing Archegos may end upabsorbing as much as $10 billion in combined losses.Already credit rating agencies have downgraded outlooks for Credit Suisse and Nomura, citing concerns over “the quality of risk management” while activist investors are demanding better governance and would not mind if senior execs were summarily fired over this episode to restore confidence.\"Risk controls still are not where they should be,\" David Herro, one of Credit Suisse’s biggest shareholders, said Wednesday in a Bloomberg TV interview. \"Hopefully, this is a wake-up call to expedite the cultural change that is needed in this company.\"But going back to Bloomberg's original point, for all their silence the prime-brokerage units of Nomura, Goldman Sachs, Morgan Stanley, Credit Suisse and others,had clues about what Archegos was doing.These firms knew about the trades they had financed, of course, and also had some visibility into his total borrowings. And yet they didn't bother to ask about what, if any, risk management was being implemented to avoid an uncontrolled unwind. Or rather,the questions emerged only after the margin call.What the Prime Brokers also didn't know is that Hwang was taking parallel positions at multiple firms, piling more leverage onto the same few stocks, which brings us back to ourrehypothecated leverageconcept which we are confident we will use much more in the coming months, especially since \"unwinding a series of large, leveraged bets placed by a single account is one thing; doing so when rival banks are liquidating the same positions held by the same client is quite another.\"Archegos' own \"Lehman moment\" came late on March 25 when Hwang’s prime brokers met again and discussed the possibility of standing down temporarily to let tensions ease, as we reported previously, but any attempt at solidarity proved short-lived: shortly after some PBs sent Archegos notices of default, clearing the way for Goldman and Morgan Stanley to dump Hwang's positions.“Hopefully this will cause the prime brokerages of regulated banking organizations (and their supervisors) to re-assess their relationships with highly leveraged hedge funds,” former FDIC chair Sheila Bair tweeted.She is, of course, wrong.In fact, if anything we expect Prime Brokers will make leverageeven easier to obtain for non-bank, hedge fund and family office clients, because the one big mistake Archegos (and its Prime Brokers) made was that it was not big and systemic enough to merit a Fed bailout. Now, if Archegos had a portfolio of $200 billion, $300 billion or more, while usingCitadel's 50x leverage,now we're talking \"size\"...size enough for the Fed to step in and make everyone whole on the back of taxpayers... the same way the Fed bailed out Citadel, Millennium and Point72 in September 2019 during the repo crisis (as bothZero Hedgeand subsequentlyBloomberg, explained).There is another reason nothing will change: hedge funds, Prime Brokers, banks - in fact the Fed itself - are all incentivized tonotlook at what skeletons may be found in the closet. Why? Because if the banks are forced to admit that there are more Archegos funds -and there are countless- Prime Brokers will have no choice but to sequester collateral from more clients, sparking more margin calls, leading to more stock liquidations, and resulting in even bigger investor panic. Call it a side effect of building castles on crooked foundations in an artificial, fake, Fed-supported market.Is another market panic what the Fed wants? Or what the Biden admin wants? Of course not.Which is why we will get a token Congressional hearing where politicians care more to hear themselves talk than listen to the answers, the banks will slap a few hands, one or two small sacrificial hedge funds will be shut down, and the world will move on, especially once Archegos is no longer on the front page of the financial media.It's also why when the next major hedge fund implosion does happen, it will be far more catastrophic.","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340117331,"gmtCreate":1617355463823,"gmtModify":1704699127503,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340117331","repostId":"1113135434","repostType":4,"repost":{"id":"1113135434","pubTimestamp":1617351698,"share":"https://ttm.financial/m/news/1113135434?lang=&edition=fundamental","pubTime":"2021-04-02 16:21","market":"us","language":"en","title":"A Moment Out of Favor Makes AMD A Must-Buy Growth Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1113135434","media":"investorplace","summary":"It wasn’t that long ago thatAdvanced Micro Devices(NASDAQ:AMD) looked like it wouldn’t even survive,","content":"<p>It wasn’t that long ago that<b>Advanced Micro Devices</b>(NASDAQ:<b><u>AMD</u></b>) looked like it wouldn’t even survive, let alone thrive. A few years later though and this stock has been a life-changing holding for some investors. AMD stock has gone from $2 in 2016 to almost $100 in January of 2021.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49d2d17a48ac9f1f61c9ed51f5147b05\" tg-width=\"300\" tg-height=\"169\"><span>Source: Fabio Alcini / Shutterstock.com</span></p>\n<p>For investors that don’t understand this industry, they may think this run is being fueled by some sort of easy-money policy at the Federal Reserve. Where dovish monetary policy is helping to drive a disconnect from reality and fueling a period of overvaluation.</p>\n<p>Actions from the Fed certainly help the bull market. However, that isn’t the reason AMD stock has had such success. No, that’s been the strong leadership from management and the company’s market share.</p>\n<p>As of now, there’s no reason to bet on that changing anytime soon.</p>\n<p>Don’t Underestimate AMD</p>\n<p>Day by day, technology becomes more powerful. Graphics get better, speeds get quicker and users demand more from their products. Whether that user is an at-home gamer on a PC or a data scientist mining millions (or billions) of pieces of information.</p>\n<p>To make these tasks a reality, a company like Advanced Micro Devices is needed. The company’s graphics processing units (GPUs) have improved considerably in the past few years. Coupled with a tightly-run ship andtaking market share from its competition, the company has vaulted toward the top of its industry.</p>\n<p>The question then becomes, is its move higher sustainable? I believe the answer is yes.</p>\n<p>AMD has secular growth driving its business right now. After a robust 2020, consensus expectations call for another strong year in 2021. Analysts expect revenue to jump 38% to $13.5 billion and for earnings to grow 53% to $1.97 a share.</p>\n<p>At roughly $80 a share, that values AMD stock at about 40 times forward earnings. That might get some bemoaning from the value crowd, but this is a high-growth stock. Its valuation (at least based on profit) has been higher than this in the past and that hasn’t slowed the stock’s run at all.</p>\n<p>Plus consider its forward estimates, which call for 28% earnings growth in 2022. On the revenue front, analysts expect roughly 15% growth next year and18% growth in the following year.</p>\n<p>Forward estimates are tough to get a handle on — particularly for this group. The market previously underestimated AMD bya wide, wide margin&nbsp;as the company ultimately saw a<i>huge</i>pull-forward in business in 2020.</p>\n<p>Let’s put it this way. Its 2020 results ended up beating what analysts expected in 2021.It was a huge year.</p>\n<p>And now analysts expect almost 40% revenue growth this year. Who’s to say estimates for 2022 and 2023 aren’t too conservative?</p>\n<p>Breaking Down AMD Stock</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8312cf07a874752c276278271f9eca14\" tg-width=\"300\" tg-height=\"196\"><span>Source: Chart courtesy ofTrendSpider</span></p>\n<p>Advanced Micro Devices is years ahead of where the market thought it would be a few years ago. To say it hasn’t been priced like that wouldn’t be fair. However, it wouldn’t be fair to say that AMD stock has rallied far too much either.</p>\n<p>The stock is up about 100% over the past 12 months, but that figure is cherry-picked, because it comes right off the 2020 lows. From the pre-coronavirus 2020 highs, shares are up “just” 32%.Further, AMD is flat over the last six months and actually<i>down 15%so far this year</i>.</p>\n<p>That’s despite all of the extra growth AMD has harnessed over the past 12 months.</p>\n<p>For long-term bulls looking to buy intoattractive secular growth themes, AMD stock is a must-buy holding. Then you take into consideration all that CEO Lisa Su has done and the entity becomes even more attractive.</p>\n<p>The company has bolstered its assets and notably reduced its debt. This balance sheet overhaul has allowed Advanced Micro to drop $35 billion on a big acquisition. Granted, it’s an all-stock deal, not cash, but without the company’s financial improvements, AMD would have never been able to make the move.</p>\n<p>Further, managementexpects the deal to be“immediately accretive to AMD margins, cash flow and EPS.”</p>\n<p>That’s great news, because an improvement to its margins have already allowed the bottom line to expand considerably, while free cash flow has surged in the right direction.Everything the company is doing should have bulls’ attention right now.</p>\n<p>Currently down over 20% from the highs, I would be a buyer of the current dip.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A Moment Out of Favor Makes AMD A Must-Buy Growth Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Moment Out of Favor Makes AMD A Must-Buy Growth Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 16:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/04/a-moment-out-of-favor-makes-amd-a-must-buy-growth-stock/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It wasn’t that long ago thatAdvanced Micro Devices(NASDAQ:AMD) looked like it wouldn’t even survive, let alone thrive. A few years later though and this stock has been a life-changing holding for some...</p>\n\n<a href=\"https://investorplace.com/2021/04/a-moment-out-of-favor-makes-amd-a-must-buy-growth-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://investorplace.com/2021/04/a-moment-out-of-favor-makes-amd-a-must-buy-growth-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113135434","content_text":"It wasn’t that long ago thatAdvanced Micro Devices(NASDAQ:AMD) looked like it wouldn’t even survive, let alone thrive. A few years later though and this stock has been a life-changing holding for some investors. AMD stock has gone from $2 in 2016 to almost $100 in January of 2021.\nSource: Fabio Alcini / Shutterstock.com\nFor investors that don’t understand this industry, they may think this run is being fueled by some sort of easy-money policy at the Federal Reserve. Where dovish monetary policy is helping to drive a disconnect from reality and fueling a period of overvaluation.\nActions from the Fed certainly help the bull market. However, that isn’t the reason AMD stock has had such success. No, that’s been the strong leadership from management and the company’s market share.\nAs of now, there’s no reason to bet on that changing anytime soon.\nDon’t Underestimate AMD\nDay by day, technology becomes more powerful. Graphics get better, speeds get quicker and users demand more from their products. Whether that user is an at-home gamer on a PC or a data scientist mining millions (or billions) of pieces of information.\nTo make these tasks a reality, a company like Advanced Micro Devices is needed. The company’s graphics processing units (GPUs) have improved considerably in the past few years. Coupled with a tightly-run ship andtaking market share from its competition, the company has vaulted toward the top of its industry.\nThe question then becomes, is its move higher sustainable? I believe the answer is yes.\nAMD has secular growth driving its business right now. After a robust 2020, consensus expectations call for another strong year in 2021. Analysts expect revenue to jump 38% to $13.5 billion and for earnings to grow 53% to $1.97 a share.\nAt roughly $80 a share, that values AMD stock at about 40 times forward earnings. That might get some bemoaning from the value crowd, but this is a high-growth stock. Its valuation (at least based on profit) has been higher than this in the past and that hasn’t slowed the stock’s run at all.\nPlus consider its forward estimates, which call for 28% earnings growth in 2022. On the revenue front, analysts expect roughly 15% growth next year and18% growth in the following year.\nForward estimates are tough to get a handle on — particularly for this group. The market previously underestimated AMD bya wide, wide margin as the company ultimately saw ahugepull-forward in business in 2020.\nLet’s put it this way. Its 2020 results ended up beating what analysts expected in 2021.It was a huge year.\nAnd now analysts expect almost 40% revenue growth this year. Who’s to say estimates for 2022 and 2023 aren’t too conservative?\nBreaking Down AMD Stock\nSource: Chart courtesy ofTrendSpider\nAdvanced Micro Devices is years ahead of where the market thought it would be a few years ago. To say it hasn’t been priced like that wouldn’t be fair. However, it wouldn’t be fair to say that AMD stock has rallied far too much either.\nThe stock is up about 100% over the past 12 months, but that figure is cherry-picked, because it comes right off the 2020 lows. From the pre-coronavirus 2020 highs, shares are up “just” 32%.Further, AMD is flat over the last six months and actuallydown 15%so far this year.\nThat’s despite all of the extra growth AMD has harnessed over the past 12 months.\nFor long-term bulls looking to buy intoattractive secular growth themes, AMD stock is a must-buy holding. Then you take into consideration all that CEO Lisa Su has done and the entity becomes even more attractive.\nThe company has bolstered its assets and notably reduced its debt. This balance sheet overhaul has allowed Advanced Micro to drop $35 billion on a big acquisition. Granted, it’s an all-stock deal, not cash, but without the company’s financial improvements, AMD would have never been able to make the move.\nFurther, managementexpects the deal to be“immediately accretive to AMD margins, cash flow and EPS.”\nThat’s great news, because an improvement to its margins have already allowed the bottom line to expand considerably, while free cash flow has surged in the right direction.Everything the company is doing should have bulls’ attention right now.\nCurrently down over 20% from the highs, I would be a buyer of the current dip.","news_type":1},"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357908215,"gmtCreate":1617226646237,"gmtModify":1704697441037,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357908215","repostId":"2123795275","repostType":4,"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354347156,"gmtCreate":1617148164075,"gmtModify":1704696352574,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Comment on this pls, tq","listText":"Comment on this pls, tq","text":"Comment on this pls, tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/354347156","repostId":"1120257160","repostType":4,"repost":{"id":"1120257160","pubTimestamp":1617119304,"share":"https://ttm.financial/m/news/1120257160?lang=&edition=fundamental","pubTime":"2021-03-30 23:48","market":"us","language":"en","title":"Credit Suisse comes under pressure as Archegos fall adds to Greensill failure","url":"https://stock-news.laohu8.com/highlight/detail?id=1120257160","media":"seekingalpha","summary":"While many bank stocks are rebounding from yesterday's decline triggered by the Archegos Capital's c","content":"<p>While many bank stocks are rebounding from yesterday's decline triggered by the Archegos Capital's collapse, Credit Suisse(CS-3.2%)stockcontinues to come under pressure, with some see its dividend and stock buyback plans at risk.</p>\n<p>And this comes as the Swiss bank is mopping up from the collapse of Greensill Capital, which triggered the winding down of CS's supply chain finance funds.</p>\n<p>Credit Suissse also may face regulatory demands for larger capital buffer as it incurs higher borrowing costs, one debt investor told Reuters. That investor doesn't expect that CS will be able to resume its buyback program before 2023.</p>\n<p>CS had expected tobuy back at least CHF 1B of stockthis year.</p>\n<p>The bank may also consider paring down its private banking operations, the same investor told Reuters.</p>\n<p>\"We believe Credit Suisse will need to suspend its share buyback while in the longer term we believe it will lead to it reassessing the way it takes and manages risk,\" Eoin Mullany at Berenberg said.</p>\n<p>Ethos, a foundation that advises shareholders on corporate governance, recommends that CS shareholders vote against board and executive pay at its upcoming annual meeting.</p>\n<p>\"These new cases add up to an incredible number of governance failures,\" Ethos Foundation Chief Executive Vincent Kaufman said.</p>\n<p>Citi analysts estimate CS's pretax losses at ~$3.5B. Meanwhile, Nomura Holdings said itmay incur a lossof ~$2B from transactions with a U.S. client; Mitsubishi UFJ Financial saidits loss related to ArchegosCapital may be ~$300M.</p>\n<p>SeeCS's stock performance over the past six monthsvs. NMR, MUFG, and the S&amp;P 500:</p>\n<p><img src=\"https://static.tigerbbs.com/aebe7780a819bbe360c84b5bfe96ef38\" tg-width=\"886\" tg-height=\"403\"></p>\n<p></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Credit Suisse comes under pressure as Archegos fall adds to Greensill failure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCredit Suisse comes under pressure as Archegos fall adds to Greensill failure\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 23:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3677661-credit-suisse-comes-under-pressure-as-archegos-fall-adds-to-greensill-failure><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While many bank stocks are rebounding from yesterday's decline triggered by the Archegos Capital's collapse, Credit Suisse(CS-3.2%)stockcontinues to come under pressure, with some see its dividend and...</p>\n\n<a href=\"https://seekingalpha.com/news/3677661-credit-suisse-comes-under-pressure-as-archegos-fall-adds-to-greensill-failure\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3957154ffb461512e6e195413fc956a3","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3677661-credit-suisse-comes-under-pressure-as-archegos-fall-adds-to-greensill-failure","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1120257160","content_text":"While many bank stocks are rebounding from yesterday's decline triggered by the Archegos Capital's collapse, Credit Suisse(CS-3.2%)stockcontinues to come under pressure, with some see its dividend and stock buyback plans at risk.\nAnd this comes as the Swiss bank is mopping up from the collapse of Greensill Capital, which triggered the winding down of CS's supply chain finance funds.\nCredit Suissse also may face regulatory demands for larger capital buffer as it incurs higher borrowing costs, one debt investor told Reuters. That investor doesn't expect that CS will be able to resume its buyback program before 2023.\nCS had expected tobuy back at least CHF 1B of stockthis year.\nThe bank may also consider paring down its private banking operations, the same investor told Reuters.\n\"We believe Credit Suisse will need to suspend its share buyback while in the longer term we believe it will lead to it reassessing the way it takes and manages risk,\" Eoin Mullany at Berenberg said.\nEthos, a foundation that advises shareholders on corporate governance, recommends that CS shareholders vote against board and executive pay at its upcoming annual meeting.\n\"These new cases add up to an incredible number of governance failures,\" Ethos Foundation Chief Executive Vincent Kaufman said.\nCiti analysts estimate CS's pretax losses at ~$3.5B. Meanwhile, Nomura Holdings said itmay incur a lossof ~$2B from transactions with a U.S. client; Mitsubishi UFJ Financial saidits loss related to ArchegosCapital may be ~$300M.\nSeeCS's stock performance over the past six monthsvs. NMR, MUFG, and the S&P 500:","news_type":1},"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354344496,"gmtCreate":1617148123815,"gmtModify":1704696351920,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Please like this, tq!!!","listText":"Please like this, tq!!!","text":"Please like this, tq!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354344496","repostId":"1197036473","repostType":4,"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":352097642,"gmtCreate":1616826223786,"gmtModify":1704799463774,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment&nbsp;","listText":"Like this comment&nbsp;","text":"Like this comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/352097642","repostId":"1141686975","repostType":4,"repost":{"id":"1141686975","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616780260,"share":"https://ttm.financial/m/news/1141686975?lang=&edition=fundamental","pubTime":"2021-03-27 01:37","market":"us","language":"en","title":"Zhihu Technology fall on its first day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1141686975","media":"Tiger Newspress","summary":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO pri","content":"<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></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>Zhihu Technology fall on its first day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZhihu Technology fall on its first day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-27 01:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141686975","content_text":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO price $9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.Zhihu Inc. announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.Sales BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.Gross MarginsThe company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.Total Operating Expenses and Operating MarginsTotal operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&A and R&D expenses as a percentage of revenues in the next five years.Company BackgroundAt the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.Major Shareholders of ZhihuThe founder & CEO Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.Key DemographicsThe diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.Revenue BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions & answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).Market OpportunitiesChina’s Online Content Communities Market SizeOnline content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.China's Online Content MarketChina's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.China’s Online Content Market Size (in terms of revenue), 2015-2025EMarket Size of China’s Online Content Communities (in terms of revenue),2015-2025EChina’s Paid Membership Market Size (in terms of revenue), 2015-2025EContent-commerce solutionsTo provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3547639144615679","authorId":"3547639144615679","name":"Jchptan","avatar":"https://static.tigerbbs.com/d97f1aa10a314dfb46a4e618e4f46ac6","crmLevel":6,"crmLevelSwitch":0,"idStr":"3547639144615679","authorIdStr":"3547639144615679"},"content":"Comment back pls","text":"Comment back pls","html":"Comment back pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345031476,"gmtCreate":1618257759195,"gmtModify":1704708200230,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment and like this comment too tq","listText":"Like this comment and like this comment too tq","text":"Like this comment and like this comment too tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/345031476","repostId":"2126060590","repostType":4,"isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001477336,"gmtCreate":1641310127840,"gmtModify":1676533596363,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001477336","repostId":"1182899517","repostType":4,"isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349039396,"gmtCreate":1617503159115,"gmtModify":1704700039961,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like my comment if you want to win, thanks","listText":"Like my comment if you want to win, thanks","text":"Like my comment if you want to win, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/349039396","repostId":"2124875875","repostType":4,"repost":{"id":"2124875875","pubTimestamp":1617366960,"share":"https://ttm.financial/m/news/2124875875?lang=&edition=fundamental","pubTime":"2021-04-02 20:36","market":"us","language":"en","title":"Tesla Q1 2021 Vehicle Production & Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=2124875875","media":"StreetInsider","summary":"PALO ALTO, Calif., April 02, 2021  -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.Forward-Looking Statements Statements herein regarding the timin","content":"<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.</p>\n<table>\n <tbody>\n  <tr>\n   <td></td>\n   <td><b>Production</b></td>\n   <td><b>Deliveries</b></td>\n   <td><b>Subject to operating lease accounting</b></td>\n  </tr>\n  <tr>\n   <td>Model S/X</td>\n   <td>-</td>\n   <td>2,020</td>\n   <td>6%</td>\n  </tr>\n  <tr>\n   <td>Model 3/Y</td>\n   <td>180,338</td>\n   <td>182,780</td>\n   <td>7%</td>\n  </tr>\n  <tr>\n   <td><b>Total</b></td>\n   <td><b>180,338</b></td>\n   <td><b>184,800</b></td>\n   <td><b>7%</b></td>\n  </tr>\n </tbody>\n</table>\n<p>***************</p>\n<p>Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only <a href=\"https://laohu8.com/S/AONE\">one</a> measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.</p>\n<p><b>Forward-Looking Statements</b>&nbsp;Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.</p>\n<p><img src=\"https://static.tigerbbs.com/db04c7b378cb2db912c3ba8a5a774ee3\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/c2196de8ba412c60c22ab491af7b1409\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>","source":"highlight_streetinsider","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>Tesla Q1 2021 Vehicle Production & Deliveries</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\">\nTesla Q1 2021 Vehicle Production & Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18215929><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18215929\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18215929","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124875875","content_text":"PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.\n\n\n\n\nProduction\nDeliveries\nSubject to operating lease accounting\n\n\nModel S/X\n-\n2,020\n6%\n\n\nModel 3/Y\n180,338\n182,780\n7%\n\n\nTotal\n180,338\n184,800\n7%\n\n\n\n***************\nOur net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.\nForward-Looking Statements Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.","news_type":1},"isVote":1,"tweetType":1,"viewCount":99,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354347156,"gmtCreate":1617148164075,"gmtModify":1704696352574,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Comment on this pls, tq","listText":"Comment on this pls, tq","text":"Comment on this pls, tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/354347156","repostId":"1120257160","repostType":4,"repost":{"id":"1120257160","pubTimestamp":1617119304,"share":"https://ttm.financial/m/news/1120257160?lang=&edition=fundamental","pubTime":"2021-03-30 23:48","market":"us","language":"en","title":"Credit Suisse comes under pressure as Archegos fall adds to Greensill failure","url":"https://stock-news.laohu8.com/highlight/detail?id=1120257160","media":"seekingalpha","summary":"While many bank stocks are rebounding from yesterday's decline triggered by the Archegos Capital's c","content":"<p>While many bank stocks are rebounding from yesterday's decline triggered by the Archegos Capital's collapse, Credit Suisse(CS-3.2%)stockcontinues to come under pressure, with some see its dividend and stock buyback plans at risk.</p>\n<p>And this comes as the Swiss bank is mopping up from the collapse of Greensill Capital, which triggered the winding down of CS's supply chain finance funds.</p>\n<p>Credit Suissse also may face regulatory demands for larger capital buffer as it incurs higher borrowing costs, one debt investor told Reuters. That investor doesn't expect that CS will be able to resume its buyback program before 2023.</p>\n<p>CS had expected tobuy back at least CHF 1B of stockthis year.</p>\n<p>The bank may also consider paring down its private banking operations, the same investor told Reuters.</p>\n<p>\"We believe Credit Suisse will need to suspend its share buyback while in the longer term we believe it will lead to it reassessing the way it takes and manages risk,\" Eoin Mullany at Berenberg said.</p>\n<p>Ethos, a foundation that advises shareholders on corporate governance, recommends that CS shareholders vote against board and executive pay at its upcoming annual meeting.</p>\n<p>\"These new cases add up to an incredible number of governance failures,\" Ethos Foundation Chief Executive Vincent Kaufman said.</p>\n<p>Citi analysts estimate CS's pretax losses at ~$3.5B. Meanwhile, Nomura Holdings said itmay incur a lossof ~$2B from transactions with a U.S. client; Mitsubishi UFJ Financial saidits loss related to ArchegosCapital may be ~$300M.</p>\n<p>SeeCS's stock performance over the past six monthsvs. NMR, MUFG, and the S&amp;P 500:</p>\n<p><img src=\"https://static.tigerbbs.com/aebe7780a819bbe360c84b5bfe96ef38\" tg-width=\"886\" tg-height=\"403\"></p>\n<p></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Credit Suisse comes under pressure as Archegos fall adds to Greensill failure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCredit Suisse comes under pressure as Archegos fall adds to Greensill failure\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 23:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3677661-credit-suisse-comes-under-pressure-as-archegos-fall-adds-to-greensill-failure><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While many bank stocks are rebounding from yesterday's decline triggered by the Archegos Capital's collapse, Credit Suisse(CS-3.2%)stockcontinues to come under pressure, with some see its dividend and...</p>\n\n<a href=\"https://seekingalpha.com/news/3677661-credit-suisse-comes-under-pressure-as-archegos-fall-adds-to-greensill-failure\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3957154ffb461512e6e195413fc956a3","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3677661-credit-suisse-comes-under-pressure-as-archegos-fall-adds-to-greensill-failure","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1120257160","content_text":"While many bank stocks are rebounding from yesterday's decline triggered by the Archegos Capital's collapse, Credit Suisse(CS-3.2%)stockcontinues to come under pressure, with some see its dividend and stock buyback plans at risk.\nAnd this comes as the Swiss bank is mopping up from the collapse of Greensill Capital, which triggered the winding down of CS's supply chain finance funds.\nCredit Suissse also may face regulatory demands for larger capital buffer as it incurs higher borrowing costs, one debt investor told Reuters. That investor doesn't expect that CS will be able to resume its buyback program before 2023.\nCS had expected tobuy back at least CHF 1B of stockthis year.\nThe bank may also consider paring down its private banking operations, the same investor told Reuters.\n\"We believe Credit Suisse will need to suspend its share buyback while in the longer term we believe it will lead to it reassessing the way it takes and manages risk,\" Eoin Mullany at Berenberg said.\nEthos, a foundation that advises shareholders on corporate governance, recommends that CS shareholders vote against board and executive pay at its upcoming annual meeting.\n\"These new cases add up to an incredible number of governance failures,\" Ethos Foundation Chief Executive Vincent Kaufman said.\nCiti analysts estimate CS's pretax losses at ~$3.5B. Meanwhile, Nomura Holdings said itmay incur a lossof ~$2B from transactions with a U.S. client; Mitsubishi UFJ Financial saidits loss related to ArchegosCapital may be ~$300M.\nSeeCS's stock performance over the past six monthsvs. NMR, MUFG, and the S&P 500:","news_type":1},"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194378214,"gmtCreate":1621345824538,"gmtModify":1704356153682,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194378214","repostId":"1165434763","repostType":4,"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354344496,"gmtCreate":1617148123815,"gmtModify":1704696351920,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Please like this, tq!!!","listText":"Please like this, tq!!!","text":"Please like this, tq!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354344496","repostId":"1197036473","repostType":4,"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347694266,"gmtCreate":1618491445255,"gmtModify":1704711641707,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment and I like back you","listText":"Like this comment and I like back you","text":"Like this comment and I like back you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/347694266","repostId":"1107106238","repostType":4,"repost":{"id":"1107106238","pubTimestamp":1618490367,"share":"https://ttm.financial/m/news/1107106238?lang=&edition=fundamental","pubTime":"2021-04-15 20:39","market":"us","language":"en","title":"Retail sales explode in March as consumers use stimulus checks to spend heavily","url":"https://stock-news.laohu8.com/highlight/detail?id=1107106238","media":"cnbc","summary":"A fresh batch of stimulus checks sent consumer purchases surging in March as the U.S. economy contin","content":"<div>\n<p>A fresh batch of stimulus checks sent consumer purchases surging in March as the U.S. economy continued to get juice from aggressive congressional spending.\nRetail sales rose 9.8% for the month, the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/15/us-retail-sales-march-2021.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Retail sales explode in March as consumers use stimulus checks to spend heavily</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\">\nRetail sales explode in March as consumers use stimulus checks to spend heavily\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 20:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/15/us-retail-sales-march-2021.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A fresh batch of stimulus checks sent consumer purchases surging in March as the U.S. economy continued to get juice from aggressive congressional spending.\nRetail sales rose 9.8% for the month, the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/15/us-retail-sales-march-2021.html\">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","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/04/15/us-retail-sales-march-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1107106238","content_text":"A fresh batch of stimulus checks sent consumer purchases surging in March as the U.S. economy continued to get juice from aggressive congressional spending.\nRetail sales rose 9.8% for the month, the Commerce Department reported Thursday. That compared to the Dow Jones estimate of a 6.1% gain and a decline of 2.7% in February.\nSporting goods, clothing and building materials led the gains in spending and contributed to the best month for retail since the May 2020 gain of 18.3%, which came after the first round of stimulus checks.\nA separate report showed that first-time filings for unemployment insurance plunged, with the Labor Department reporting 576,000 new jobless claims for the week ended April 10. That was easily the lowest total since the early days of the Covid-19 pandemic and represented a sharp decline from the previous week's total of 769,000.\nConsumers, though, took their $1,400 stimulus checks and spent aggressively. The money came courtesy of the nearly $1.9 trillion American Rescue Plan Act that Congress passed in March.\nThe legislation took total stimulus and rescue payments approved in the year since the Covid-19 pandemic began to about $5 trillion, fueled by red ink that fiscal authorities say is necessary to keep the economy running.\nMarch's retail sales report was yet another sign that consumers overall remain healthy and willing to spend, even though increasing amounts of stimulus checks are going towards savings rather than spending.\nA recent report from the New York Federal Reserve indicated that stimulus recipients expect to save 41.6% of their checks and spend 24.7%. Following the first round of checks in the spring of 2020, consumers saved 34.5% and spent 29.2%.\nAs the recovery has gained speed, consumers have had to deal with the strongest signs yet of inflationary pressures building. The consumer price index rose 2.6% in March from a year ago, thanks in part to a surge in gasoline prices. The year-over-year gain was the largest since August 2018.","news_type":1},"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340117270,"gmtCreate":1617355545390,"gmtModify":1704699127987,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like and comment on this pls, tq very much","listText":"Like and comment on this pls, tq very much","text":"Like and comment on this pls, tq very much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/340117270","repostId":"2124732330","repostType":4,"repost":{"id":"2124732330","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":1617349917,"share":"https://ttm.financial/m/news/2124732330?lang=&edition=fundamental","pubTime":"2021-04-02 15:51","market":"fut","language":"en","title":"Chinese iron ore down 10% on the week while steel hits record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2124732330","media":"Reuters","summary":"* Dalian iron ore down 10.1% this week* Capacity utilisation rates at 163 mills hit 1-1/2 year low* ","content":"<p>* Dalian iron ore down 10.1% this week</p><p>* Capacity utilisation rates at 163 mills hit 1-1/2 year low</p><p>* Steel rebar and hot rolled coil hit record highs</p><p>(Adds detail, closing prices)</p><p>By Min Zhang and Shivani Singh</p><p>BEIJING, April 2 (Reuters) - Benchmark iron ore futures in China rose on Friday but were down more than 10% over the week while steel rebar and hot rolled coil prices closed at record highs on supply curbs.</p><p>China's state planner and industry ministry on Thursday announced planned inspections to check on implementation of steel capacity cuts in the past few years and reiterated its intention to curb crude steel output further in 2021 to reduce emissions.</p><p>Capacity utilisation rates at 163 blast furnaces in China fell to 76.92% this week, the lowest level since October 2019, data from Mysteel consultancy showed.</p><p>The most active iron ore futures on the Dalian Commodity Exchange    closed 1.8% up at 979 yuan ($149.18) a tonne on Friday but was down 10.1% over the week.</p><p>Steel futures, meanwhile, extended gains on recovering consumption. Apparent demand for rebar and hot rolled coil rose by 7% and 2% respectively week on week.</p><p>The most-traded May contract for steel rebar on the Shanghai Futures Exchange    surged 3.7% to 5,157 yuan at the close, the highest on record, for a ninth straight weekly gain.</p><p>Daily transaction volumes for construction materials, including rebar and wire rods, broke above 300,000 tonnes for the first time and stood at 350,700 tonnes on Thursday, Mysteel data showed.</p><p>Hot-rolled coil futures    rose 2.5% to a record 5,556 yuan a tonne. The contract had risen for four consecutive weeks and ended this week with a 6.9% gain.</p><p>FUNDAMENTALS</p><p>* Dalian coking coal futures    fell 2.7% to 1,570 yuan a tonne.</p><p>* Coke futures    rose 2.6% to 2,386 yuan a tonne.</p><p>* Spot prices of iron ore with 62% iron content for delivery to China gained by $2 to $168 a tonne on Thursday.</p><p>* Shanghai stainless steel futures    for June delivery edged down 0.2% to 14,275 yuan a tonne.</p><p>* Trading on the Shanghai Futures Exchange and Dalian Commodity Exchange will be halted on April 5 for the Tomb Sweeping holiday.</p><p>($1 = 6.5626 Chinese yuan renminbi)</p><p>(Reporting by Min Zhang and Shivani Singh Editing by Uttaresh.V and David Goodman)</p><p>((min.zhang@thomsonreuters.com; (8610) 5669-2105;))</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>Chinese iron ore down 10% on the week while steel hits record highs</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\">\nChinese iron ore down 10% on the week while steel hits record highs\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\">2021-04-02 15:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Dalian iron ore down 10.1% this week</p><p>* Capacity utilisation rates at 163 mills hit 1-1/2 year low</p><p>* Steel rebar and hot rolled coil hit record highs</p><p>(Adds detail, closing prices)</p><p>By Min Zhang and Shivani Singh</p><p>BEIJING, April 2 (Reuters) - Benchmark iron ore futures in China rose on Friday but were down more than 10% over the week while steel rebar and hot rolled coil prices closed at record highs on supply curbs.</p><p>China's state planner and industry ministry on Thursday announced planned inspections to check on implementation of steel capacity cuts in the past few years and reiterated its intention to curb crude steel output further in 2021 to reduce emissions.</p><p>Capacity utilisation rates at 163 blast furnaces in China fell to 76.92% this week, the lowest level since October 2019, data from Mysteel consultancy showed.</p><p>The most active iron ore futures on the Dalian Commodity Exchange    closed 1.8% up at 979 yuan ($149.18) a tonne on Friday but was down 10.1% over the week.</p><p>Steel futures, meanwhile, extended gains on recovering consumption. Apparent demand for rebar and hot rolled coil rose by 7% and 2% respectively week on week.</p><p>The most-traded May contract for steel rebar on the Shanghai Futures Exchange    surged 3.7% to 5,157 yuan at the close, the highest on record, for a ninth straight weekly gain.</p><p>Daily transaction volumes for construction materials, including rebar and wire rods, broke above 300,000 tonnes for the first time and stood at 350,700 tonnes on Thursday, Mysteel data showed.</p><p>Hot-rolled coil futures    rose 2.5% to a record 5,556 yuan a tonne. The contract had risen for four consecutive weeks and ended this week with a 6.9% gain.</p><p>FUNDAMENTALS</p><p>* Dalian coking coal futures    fell 2.7% to 1,570 yuan a tonne.</p><p>* Coke futures    rose 2.6% to 2,386 yuan a tonne.</p><p>* Spot prices of iron ore with 62% iron content for delivery to China gained by $2 to $168 a tonne on Thursday.</p><p>* Shanghai stainless steel futures    for June delivery edged down 0.2% to 14,275 yuan a tonne.</p><p>* Trading on the Shanghai Futures Exchange and Dalian Commodity Exchange will be halted on April 5 for the Tomb Sweeping holiday.</p><p>($1 = 6.5626 Chinese yuan renminbi)</p><p>(Reporting by Min Zhang and Shivani Singh Editing by Uttaresh.V and David Goodman)</p><p>((min.zhang@thomsonreuters.com; (8610) 5669-2105;))</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124732330","content_text":"* Dalian iron ore down 10.1% this week* Capacity utilisation rates at 163 mills hit 1-1/2 year low* Steel rebar and hot rolled coil hit record highs(Adds detail, closing prices)By Min Zhang and Shivani SinghBEIJING, April 2 (Reuters) - Benchmark iron ore futures in China rose on Friday but were down more than 10% over the week while steel rebar and hot rolled coil prices closed at record highs on supply curbs.China's state planner and industry ministry on Thursday announced planned inspections to check on implementation of steel capacity cuts in the past few years and reiterated its intention to curb crude steel output further in 2021 to reduce emissions.Capacity utilisation rates at 163 blast furnaces in China fell to 76.92% this week, the lowest level since October 2019, data from Mysteel consultancy showed.The most active iron ore futures on the Dalian Commodity Exchange    closed 1.8% up at 979 yuan ($149.18) a tonne on Friday but was down 10.1% over the week.Steel futures, meanwhile, extended gains on recovering consumption. Apparent demand for rebar and hot rolled coil rose by 7% and 2% respectively week on week.The most-traded May contract for steel rebar on the Shanghai Futures Exchange    surged 3.7% to 5,157 yuan at the close, the highest on record, for a ninth straight weekly gain.Daily transaction volumes for construction materials, including rebar and wire rods, broke above 300,000 tonnes for the first time and stood at 350,700 tonnes on Thursday, Mysteel data showed.Hot-rolled coil futures    rose 2.5% to a record 5,556 yuan a tonne. The contract had risen for four consecutive weeks and ended this week with a 6.9% gain.FUNDAMENTALS* Dalian coking coal futures    fell 2.7% to 1,570 yuan a tonne.* Coke futures    rose 2.6% to 2,386 yuan a tonne.* Spot prices of iron ore with 62% iron content for delivery to China gained by $2 to $168 a tonne on Thursday.* Shanghai stainless steel futures    for June delivery edged down 0.2% to 14,275 yuan a tonne.* Trading on the Shanghai Futures Exchange and Dalian Commodity Exchange will be halted on April 5 for the Tomb Sweeping holiday.($1 = 6.5626 Chinese yuan renminbi)(Reporting by Min Zhang and Shivani Singh Editing by Uttaresh.V and David Goodman)((min.zhang@thomsonreuters.com; (8610) 5669-2105;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353253103,"gmtCreate":1616503813502,"gmtModify":1704794943529,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Looking gooddddd","listText":"Looking gooddddd","text":"Looking gooddddd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/353253103","repostId":"2121084489","repostType":4,"repost":{"id":"2121084489","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":1616500753,"share":"https://ttm.financial/m/news/2121084489?lang=&edition=fundamental","pubTime":"2021-03-23 19:59","market":"us","language":"en","title":"GameStop loses second senior exec as shakeup deepens","url":"https://stock-news.laohu8.com/highlight/detail?id=2121084489","media":"Reuters","summary":"March 23 (Reuters) - GameStop Corp said on Tuesday its chief customer officer Frank Hamlin will resi","content":"<p>March 23 (Reuters) - GameStop Corp said on Tuesday its chief customer officer Frank Hamlin will resign from the company by March 31, pointing to a deepening of changes driven by its new biggest shareholder, Chewy.com co-founder Ryan Cohen.</p>\n<p>This is the second executive departure at GameStop since it tapped Cohen to spearhead a transition to e-commerce. Chief Financial Officer Jim Bell is stepping down this month.</p>\n<p>The company, which is expected to report fourth quarter results after the market close on Tuesday, garnered eyeballs after a social media frenzy in January, motivated in part by anger at shortsellers, triggered a rally in its shares.</p>\n<p>Hamlin will become entitled to the payments, rights and benefits associated with a ‘Good Reason’ resignation under his employment agreement with GameStop, it said in a regulatory filing on Tuesday.</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 loses second senior exec as shakeup deepens</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 loses second senior exec as shakeup deepens\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\">2021-03-23 19:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>March 23 (Reuters) - GameStop Corp said on Tuesday its chief customer officer Frank Hamlin will resign from the company by March 31, pointing to a deepening of changes driven by its new biggest shareholder, Chewy.com co-founder Ryan Cohen.</p>\n<p>This is the second executive departure at GameStop since it tapped Cohen to spearhead a transition to e-commerce. Chief Financial Officer Jim Bell is stepping down this month.</p>\n<p>The company, which is expected to report fourth quarter results after the market close on Tuesday, garnered eyeballs after a social media frenzy in January, motivated in part by anger at shortsellers, triggered a rally in its shares.</p>\n<p>Hamlin will become entitled to the payments, rights and benefits associated with a ‘Good Reason’ resignation under his employment agreement with GameStop, it said in a regulatory filing on Tuesday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2121084489","content_text":"March 23 (Reuters) - GameStop Corp said on Tuesday its chief customer officer Frank Hamlin will resign from the company by March 31, pointing to a deepening of changes driven by its new biggest shareholder, Chewy.com co-founder Ryan Cohen.\nThis is the second executive departure at GameStop since it tapped Cohen to spearhead a transition to e-commerce. Chief Financial Officer Jim Bell is stepping down this month.\nThe company, which is expected to report fourth quarter results after the market close on Tuesday, garnered eyeballs after a social media frenzy in January, motivated in part by anger at shortsellers, triggered a rally in its shares.\nHamlin will become entitled to the payments, rights and benefits associated with a ‘Good Reason’ resignation under his employment agreement with GameStop, it said in a regulatory filing on Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343661929,"gmtCreate":1617713994861,"gmtModify":1704702105019,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like and comment in this post so your holdings will +100%","listText":"Like and comment in this post so your holdings will +100%","text":"Like and comment in this post so your holdings will +100%","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/343661929","repostId":"1101907559","repostType":4,"repost":{"id":"1101907559","pubTimestamp":1617672655,"share":"https://ttm.financial/m/news/1101907559?lang=&edition=fundamental","pubTime":"2021-04-06 09:30","market":"us","language":"en","title":"Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time","url":"https://stock-news.laohu8.com/highlight/detail?id=1101907559","media":"marketwatch","summary":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management. Its reach and operating practices were","content":"<blockquote>\n <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>\n</blockquote>\n<p>Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p>\n<p>In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p>\n<p>Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p>\n<p>The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p>\n<p>A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p>\n<p><b>Unregulated money managers</b></p>\n<p>Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p>\n<p>This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p>\n<p>The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p>\n<p>But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p>\n<p><b>Danger of counterparty risk</b></p>\n<p>This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p>\n<p>So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p>\n<p>One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p>\n<p>But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p>\n<p><b>Yellen on the case</b></p>\n<p>This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p>\n<p>Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p>\n<p>The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</p>","source":"lsy1603348471595","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>Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time</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\">\nOpinion: Financial crises get triggered about every 10 years — Archegos might be right on time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-06 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of ...</p>\n\n<a href=\"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101907559","content_text":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.\nIn 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.\nExactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.\nThe trend? Every 10 years or so, and they all look different. Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?\nA family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.\nUnregulated money managers\nHere’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)\nThis appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player Vipshop Holdings Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company GSX Techedu Inc.GSX,-10.63%and U.S. media companiesViacomCBS Inc.VIAC,-3.90%and Discovery Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.\nThe problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%, Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc. NMR,+1.87%.\nBut since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.\nDanger of counterparty risk\nThis is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.\nSo is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.\nOne peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.\nBut federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.\nYellen on the case\nThis issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”\nMost financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.\nThe Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?","news_type":1},"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329853337,"gmtCreate":1615223135729,"gmtModify":1704779867000,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329853337","repostId":"1118883159","repostType":4,"repost":{"id":"1118883159","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615216678,"share":"https://ttm.financial/m/news/1118883159?lang=&edition=fundamental","pubTime":"2021-03-08 23:17","market":"us","language":"en","title":"WSB concept stocks rose collectively","url":"https://stock-news.laohu8.com/highlight/detail?id=1118883159","media":"老虎资讯综合","summary":"WSB concept stocks rose collectively,Naked up 18%,GameStop up 13%,Rocket Companies up 12%,Express up","content":"<p>WSB concept stocks rose collectively,Naked up 18%,GameStop up 13%,Rocket Companies up 12%,Express up 10%,AMC up 6%.</p>\n<p><img src=\"https://static.tigerbbs.com/574a9079011da3972cbe8cf4609a6c80\" tg-width=\"373\" tg-height=\"723\"></p>\n<p></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>WSB concept stocks rose collectively</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\">\nWSB concept stocks rose collectively\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-08 23:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WSB concept stocks rose collectively,Naked up 18%,GameStop up 13%,Rocket Companies up 12%,Express up 10%,AMC up 6%.</p>\n<p><img src=\"https://static.tigerbbs.com/574a9079011da3972cbe8cf4609a6c80\" tg-width=\"373\" tg-height=\"723\"></p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RKT":"Rocket Companies","EXPR":"Express, Inc.","GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118883159","content_text":"WSB concept stocks rose collectively,Naked up 18%,GameStop up 13%,Rocket Companies up 12%,Express up 10%,AMC up 6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":56,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329859842,"gmtCreate":1615223039686,"gmtModify":1704779865374,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329859842","repostId":"1130305981","repostType":4,"repost":{"id":"1130305981","pubTimestamp":1615217480,"share":"https://ttm.financial/m/news/1130305981?lang=&edition=fundamental","pubTime":"2021-03-08 23:31","market":"us","language":"en","title":"Buy Target Stock on the Dip, Analyst Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1130305981","media":"Barrons","summary":"Targetstock soared in 2020, as the Covid-19 pandemic funneled millions of new customers to its store","content":"<p>Targetstock soared in 2020, as the Covid-19 pandemic funneled millions of new customers to its stores and website, yet that rally has stalled as investors look toward an end to the crisis. Yet Guggenheim argues that Target’s advantage is here to stay, and that selloff is a buying opportunity.</p>\n<p>Analyst Robert Drbul boosted his rating on Target (ticker: TGT) to Buy from Neutral, and established a $200 price target on Monday. He writes that he has “admired the execution and performance of the company over the past year and have been waiting for a pullback to become more constructive.” With the shares off some 6% last week,despite another upbeat earnings report, that time has come.</p>\n<p>Drbul sees three main reasons to be bullish on Target. First, he notes the tremendous growth the company saw last year, when it grew revenue by $15 billion, more than the company had grown over the prior 11 years combined.</p>\n<p>“Target proved fulfill-from-store can work, driving share gains and meeting an unprecedented demand led by a rise in digital demand,” he writes, and while he had “stubbornly been skeptical” of the company’s ability to execute as well as major competitors such asWalmart(WMT) andAmazon.com(AMZN), those fears have been laid to rest, leading him to think that these three retailers will keep their pandemic market-share gains.</p>\n<p>Second, he also likes the company’s expanding partnerships with key brands, includingLevi Strauss(LEVI), Ulta Beauty (ULTA), andWalt Disney(DIS). He notes that these high-profile agreements with popular consumer brands could be a “tipping point for vendors,” as they drive more and more traffic to Target.</p>\n<p>Finally, Drbul is upbeat about the U.S. consumer in 2021: While unemployment remains an issue, government stimulus and greater savings rates should allow for more shopping. “We expect Target to fully participate in the discretionary spending increase in 2021, led by its apparel offering.”</p>\n<p>Target stock is up 1.4% to $175 in recent trading. The shares are up 66% in the past 12 months but have fallen 2.2% year to date. Other analysts have also argued that therecent selloff is overdone.</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>Buy Target Stock on the Dip, Analyst Says</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\">\nBuy Target Stock on the Dip, Analyst Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-08 23:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/buy-target-stock-on-the-dip-analyst-says-51615214880?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Targetstock soared in 2020, as the Covid-19 pandemic funneled millions of new customers to its stores and website, yet that rally has stalled as investors look toward an end to the crisis. Yet ...</p>\n\n<a href=\"https://www.barrons.com/articles/buy-target-stock-on-the-dip-analyst-says-51615214880?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/buy-target-stock-on-the-dip-analyst-says-51615214880?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130305981","content_text":"Targetstock soared in 2020, as the Covid-19 pandemic funneled millions of new customers to its stores and website, yet that rally has stalled as investors look toward an end to the crisis. Yet Guggenheim argues that Target’s advantage is here to stay, and that selloff is a buying opportunity.\nAnalyst Robert Drbul boosted his rating on Target (ticker: TGT) to Buy from Neutral, and established a $200 price target on Monday. He writes that he has “admired the execution and performance of the company over the past year and have been waiting for a pullback to become more constructive.” With the shares off some 6% last week,despite another upbeat earnings report, that time has come.\nDrbul sees three main reasons to be bullish on Target. First, he notes the tremendous growth the company saw last year, when it grew revenue by $15 billion, more than the company had grown over the prior 11 years combined.\n“Target proved fulfill-from-store can work, driving share gains and meeting an unprecedented demand led by a rise in digital demand,” he writes, and while he had “stubbornly been skeptical” of the company’s ability to execute as well as major competitors such asWalmart(WMT) andAmazon.com(AMZN), those fears have been laid to rest, leading him to think that these three retailers will keep their pandemic market-share gains.\nSecond, he also likes the company’s expanding partnerships with key brands, includingLevi Strauss(LEVI), Ulta Beauty (ULTA), andWalt Disney(DIS). He notes that these high-profile agreements with popular consumer brands could be a “tipping point for vendors,” as they drive more and more traffic to Target.\nFinally, Drbul is upbeat about the U.S. consumer in 2021: While unemployment remains an issue, government stimulus and greater savings rates should allow for more shopping. “We expect Target to fully participate in the discretionary spending increase in 2021, led by its apparel offering.”\nTarget stock is up 1.4% to $175 in recent trading. The shares are up 66% in the past 12 months but have fallen 2.2% year to date. Other analysts have also argued that therecent selloff is overdone.","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198036762,"gmtCreate":1620913244656,"gmtModify":1704350356662,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment plz","listText":"Like this comment plz","text":"Like this comment plz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/198036762","repostId":"1191546739","repostType":4,"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344556438,"gmtCreate":1618417764824,"gmtModify":1704710621652,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment, many thanks","listText":"Like this comment, many thanks","text":"Like this comment, many thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344556438","repostId":"1193132843","repostType":4,"repost":{"id":"1193132843","pubTimestamp":1618412729,"share":"https://ttm.financial/m/news/1193132843?lang=&edition=fundamental","pubTime":"2021-04-14 23:05","market":"us","language":"en","title":"Five things you didn't know about Bernie Madoff's epic scam","url":"https://stock-news.laohu8.com/highlight/detail?id=1193132843","media":"cnn","summary":"New York (CNN)Editor's note: This story was originally published on December 11, 2013, and has been ","content":"<p>New York (CNN)<i>Editor's note: This story was originally published on December 11, 2013, and has been updated with Madoff's death.</i></p><p>Bernard Madoff, the man behind the most notorious Ponzi scheme in history, died while serving a 150-year sentence in Federal Prison at age 82.</p><p>He was arrested on Dec. 11, 2008 for bilking thousands of investors out of billions of dollars. He pleaded guilty three months later to charges of fraud, and was sentenced to 150 years in federal prison.</p><p>He was serving his term at the medium security Butner Federal Correctional Complex in North Carolina and was slated for release on Nov. 14, 2139.</p><p>The Madoff scandal has made headlines for years, but there is still a lot that people don't know about the biggest Ponzi scheme in history.</p><p><b>1. Only a fraction of Madoff's thousands of victims have gotten all of their money back.</b></p><p>Irving Picard, the court-appointed trustee in the Madoff case, has recovered more than $9.5 billion of the $20 billion in stolen assets.</p><p>About half of that -- nearly $4.9 billion -- has been distributed to Madoff victims. In addition, the Securities Investor Protection Corporation has provided $800 million in insurance to victims.</p><p>Swindled investors have filed 16,519 claims to Picard. So far, 1,107 have been fully reimbursed. Another 1,410 accounts are eligible for compensation and have been partially reimbursed.</p><p>The majority of the claims - nearly 11,000 - were rejected because they were from \"third party\" investors: They had invested with other financial firms that in turn invested with Madoff. But the third party investors will end up with some relief too. Last month, the Department of Justice set up a $2.35 billion fund for them.</p><p><b>2. Even now, nobody knows when Madoff's scheme started.</b></p><p>No one has been able to prove when Madoff began stealing from investors. Madoff himself has made contradictory claims about when the crime began. He told CNN Business in an interview earlier this year that it all started in 1987, but he later said the scheme began in 1992. Some reports say Madoff's epic crime may have started as early as the 1960s, when he began working on Wall Street.</p><p>Madoff's former account manager, Frank DiPascali, Jr., said in court testimony that financial misdeeds had been going on \"for as long as I remember.\" He started working at the firm in 1975.</p><p><b>3. Madoff didn't actually steal $65 billion.</b></p><p>His Ponzi scheme is often referred to as a $65 billion crime. In fact, he actually stole $20 billion in principal funds that were invested with him. However, his firm generated account statements telling investors that they earned returns making them worth a total of $65 billion. So as far as the people who'd entrusted their life savings with Madoff were concerned, they really did lose $65 billion. It's just that two-thirds of that money was a figment of Bernie's imagination.</p><p><b>4. Lawyers have pocketed about $800 million cleaning up Madoff's mess.</b></p><p>Picard and his firm are tasked with tracking down Madoff's stolen assets and redistributing them to his victims. This is a massive, international undertaking, much of which has been outsourced to other law firms. About $823.6 million in fees and expenses have been paid out to attorneys since Madoff's 2008 arrest. The lion's share -- $468.1 million -- went to BakerHostetler.</p><p><b>5. Life in prison isn't so bad, said Madoff. But he still can't sleep.</b></p><p>In an interview with CNN Business in May 2013, the 75-year-old fraudster said that he had a job making $40 a month wiping down phones and computers for a \"few hours a day.\" He believes he's well-respected by his fellow prisoners and said he spends much of his time reading newspapers and novels.</p><p>He wakes up early -- 4:30 a.m. -- not because he has to, but because he can't sleep. He is haunted, he said, by the suicide of his oldest son Mark, who hanged himself on Dec. 11, 2010 -- the second anniversary of his father's arrest.</p><p>\"I was responsible for my son Mark's death and that's very, very difficult,\" he said. \"I live with that.\"</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>Five things you didn't know about Bernie Madoff's epic scam</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\">\nFive things you didn't know about Bernie Madoff's epic scam\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-14 23:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/04/14/business/bernard-madoff-ponzi-scheme/index.html?utm_source=optzlynewmarketribbon><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN)Editor's note: This story was originally published on December 11, 2013, and has been updated with Madoff's death.Bernard Madoff, the man behind the most notorious Ponzi scheme in ...</p>\n\n<a href=\"https://edition.cnn.com/2021/04/14/business/bernard-madoff-ponzi-scheme/index.html?utm_source=optzlynewmarketribbon\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/04/14/business/bernard-madoff-ponzi-scheme/index.html?utm_source=optzlynewmarketribbon","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193132843","content_text":"New York (CNN)Editor's note: This story was originally published on December 11, 2013, and has been updated with Madoff's death.Bernard Madoff, the man behind the most notorious Ponzi scheme in history, died while serving a 150-year sentence in Federal Prison at age 82.He was arrested on Dec. 11, 2008 for bilking thousands of investors out of billions of dollars. He pleaded guilty three months later to charges of fraud, and was sentenced to 150 years in federal prison.He was serving his term at the medium security Butner Federal Correctional Complex in North Carolina and was slated for release on Nov. 14, 2139.The Madoff scandal has made headlines for years, but there is still a lot that people don't know about the biggest Ponzi scheme in history.1. Only a fraction of Madoff's thousands of victims have gotten all of their money back.Irving Picard, the court-appointed trustee in the Madoff case, has recovered more than $9.5 billion of the $20 billion in stolen assets.About half of that -- nearly $4.9 billion -- has been distributed to Madoff victims. In addition, the Securities Investor Protection Corporation has provided $800 million in insurance to victims.Swindled investors have filed 16,519 claims to Picard. So far, 1,107 have been fully reimbursed. Another 1,410 accounts are eligible for compensation and have been partially reimbursed.The majority of the claims - nearly 11,000 - were rejected because they were from \"third party\" investors: They had invested with other financial firms that in turn invested with Madoff. But the third party investors will end up with some relief too. Last month, the Department of Justice set up a $2.35 billion fund for them.2. Even now, nobody knows when Madoff's scheme started.No one has been able to prove when Madoff began stealing from investors. Madoff himself has made contradictory claims about when the crime began. He told CNN Business in an interview earlier this year that it all started in 1987, but he later said the scheme began in 1992. Some reports say Madoff's epic crime may have started as early as the 1960s, when he began working on Wall Street.Madoff's former account manager, Frank DiPascali, Jr., said in court testimony that financial misdeeds had been going on \"for as long as I remember.\" He started working at the firm in 1975.3. Madoff didn't actually steal $65 billion.His Ponzi scheme is often referred to as a $65 billion crime. In fact, he actually stole $20 billion in principal funds that were invested with him. However, his firm generated account statements telling investors that they earned returns making them worth a total of $65 billion. So as far as the people who'd entrusted their life savings with Madoff were concerned, they really did lose $65 billion. It's just that two-thirds of that money was a figment of Bernie's imagination.4. Lawyers have pocketed about $800 million cleaning up Madoff's mess.Picard and his firm are tasked with tracking down Madoff's stolen assets and redistributing them to his victims. This is a massive, international undertaking, much of which has been outsourced to other law firms. About $823.6 million in fees and expenses have been paid out to attorneys since Madoff's 2008 arrest. The lion's share -- $468.1 million -- went to BakerHostetler.5. Life in prison isn't so bad, said Madoff. But he still can't sleep.In an interview with CNN Business in May 2013, the 75-year-old fraudster said that he had a job making $40 a month wiping down phones and computers for a \"few hours a day.\" He believes he's well-respected by his fellow prisoners and said he spends much of his time reading newspapers and novels.He wakes up early -- 4:30 a.m. -- not because he has to, but because he can't sleep. He is haunted, he said, by the suicide of his oldest son Mark, who hanged himself on Dec. 11, 2010 -- the second anniversary of his father's arrest.\"I was responsible for my son Mark's death and that's very, very difficult,\" he said. \"I live with that.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341839517,"gmtCreate":1617801643039,"gmtModify":1704703301663,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment if to win 99999 in your holding","listText":"Like this comment if to win 99999 in your holding","text":"Like this comment if to win 99999 in your holding","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341839517","repostId":"1197775977","repostType":4,"isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349647426,"gmtCreate":1617610647265,"gmtModify":1704700796033,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like my comment please&nbsp;","listText":"Like my comment please&nbsp;","text":"Like my comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349647426","repostId":"2125509847","repostType":4,"repost":{"id":"2125509847","pubTimestamp":1617610028,"share":"https://ttm.financial/m/news/2125509847?lang=&edition=fundamental","pubTime":"2021-04-05 16:07","market":"us","language":"en","title":"The Future is Electric: Why EV Stocks Could Continue To Soar In 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2125509847","media":"Oilprice.com","summary":"While the EV boom has been growing for years, 2021 could be the year electric starts to take over ev","content":"<p>While the EV boom has been growing for years, 2021 could be the year electric starts to take over everything.</p>\n<p>And it could happen much sooner than most people realize, as some of the biggest names are already hopping on board.</p>\n<p>Amazon has already started making deliveries with electric vans in Los Angeles, as they’ve agreed to purchase 100,000 vans from EV startup, Rivian.</p>\n<p><img src=\"https://static.tigerbbs.com/569c7a0ba8667c3e00dca9627104f129\" tg-width=\"450\" tg-height=\"282\" referrerpolicy=\"no-referrer\"></p>\n<p>The United States Postal Service just signed a 10-year, multi-billion dollar contract with <a href=\"https://laohu8.com/S/OSK\">Oshkosh</a> Defense to produce thousands of electric mail trucks.</p>\n<p><img src=\"https://static.tigerbbs.com/fd759e6513df9a42279d8fa0fbb97d81\" tg-width=\"450\" tg-height=\"240\" referrerpolicy=\"no-referrer\"></p>\n<p>And United Airlines just placed an incredible $1 billion order with EV manufacturer, Archer, for a fleet of electric air taxis.</p>\n<p><img src=\"https://static.tigerbbs.com/faf4c9b326e59783398cea1ce16fc70b\" tg-width=\"450\" tg-height=\"215\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Legacy automakers are all making the shift too, rolling out their line of electric vehicles <a href=\"https://laohu8.com/S/AONE\">one</a> by <a href=\"https://laohu8.com/S/AONE.U\">one</a>.</b></p>\n<p>Ford is set to double their investment in EVs to $22 billion, and they’re planning to release their electric version of the Mustang and the F-150, the most popular vehicle in the U.S.</p>\n<p>Volkswagen is calling their 2021 electric crossover, the ID.4, “the most important new Volkswagen debut since the Beetle.”</p>\n<p>And General Motors has even announced they’ll stop making gas-powered vehicles altogether by 2035.</p>\n<p>Now, Biden has even announced plans to transition all government fleet vehicles to EVs.</p>\n<p><b>This electric revolution has already led to monster gains for EV companies throughout 2020.</b></p>\n<p>The EV van startup, Workhorse, saw gains of over 551%...</p>\n<p>Tesla’s shares shot up a massive 740%...</p>\n<p>And <a href=\"https://laohu8.com/S/BLNK\">Blink Charging</a> soared for incredible 1,740% gains last year.</p>\n<p><b>Now, many investors are looking ahead for the next big thing in the EV markets.</b></p>\n<p>And one Canadian company in EV related business has seen its momentum building steadily over the last year.</p>\n<p>Facedrive (TSXV:FD,OTC:FDVRF) has been acquiring key pieces left and right, adding them to their electric ecosystem alongside their signature ridesharing service.</p>\n<p>With these acquisitions, they’ve brought the EV boom into food delivery, car subscriptions, and more.</p>\n<p><b>This is why they’ve seen shares jump an incredible 969% over the last year…</b></p>\n<p>And now that Facedrive has announced a major government investment in their technology, their business could be set to take off in 2021.</p>\n<p>Here are 3 reasons why you should be paying attention to Facedrive:</p>\n<p><b>1 - Bringing EVs to the Gig Economy</b></p>\n<p>Many of the biggest EV stories of late have come from either the automakers rolling out new models or companies working on building out the infrastructure...</p>\n<p>But Facedrive is taking a different approach.</p>\n<p>Instead, they’re using the cars those automakers have already made and turning them into an entire EV-related ecosystem.</p>\n<p>So just like Uber has built their $96 billion business off leveraging cars they never manufactured, bought, or sold…</p>\n<p>Facedrive (TSXV:FD,OTC:FDVRF) connects customers looking to hail a ride, providing an eco-friendly solution.</p>\n<p>Their model is simple.</p>\n<p>When customers request a ride, they get their pick between riding to their destination in a standard gas-powered car, a hybrid or an electric vehicle (for no extra charge to them).</p>\n<p>Then Facedrive’s algorithm crunches the numbers, setting aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride.</p>\n<p>Through next-gen technology and partnerships, they’re bringing EVs into the gig economy and making a splash.</p>\n<p>That’s because Facedrive has also added a food delivery service, which has taken off since so many have been stuck at home during global lockdowns.</p>\n<p>Today, they’re delivering over 4,100 orders per day on average. And after growing to 19 major cities, they plan to expand to more cities throughout the U.S. and Canada soon.</p>\n<p>But they’ve also gone beyond applying EVs to the gig economy and are offering a way for people to get behind the wheel themselves without the usual sticker shock.</p>\n<p><b>2 - Reinventing The Standard Model</b></p>\n<p>At this point there’s no question there’s a growing demand for EVs from consumers, as this trend has spread from Europe and Asia and through North America.</p>\n<p>And almost 3 out of 4 younger buyers even say they’re willing to pay higher prices to own an electric vehicle.</p>\n<p>But with Facedrive’s acquisition of Steer, you can get the benefits without the large upfront cost.</p>\n<p>Facedrive recently acquired the EV subscription company from the largest clean energy producer in the United States, and they’re aiming to change the way people think about using EVs.</p>\n<p>Steer has combined the Netflix subscription model with the EV boom to flip the traditional car ownership model on its head.</p>\n<p><img src=\"https://static.tigerbbs.com/691bfa3cd26d3a5a1a9ca1f3338eb551\" tg-width=\"450\" tg-height=\"181\" referrerpolicy=\"no-referrer\"></p>\n<p>With Facedrive’s acquisition of Steer, customers pay a simple monthly fee like with Netflix, and they get access to their choice of EVs from a fleet at their disposal.</p>\n<p>So they can borrow one whenever they need it instead of buying an EV outright - and at a fraction of the cost.</p>\n<p>They’re up and running in the Washington D.C. market already…</p>\n<p>And they’ve seen so much success there that they’ve decided to expand further north, to roll out the service in Toronto as well.</p>\n<p>With two of the largest metro areas in North America in the mix, Facedrive has started paving the path for a completely unique way to save drivers money in the EV boom.</p>\n<p>But their biggest announcement recently came thanks to their willingness to think outside the box and serve the most pressing need we’re seeing today.</p>\n<p><b>3 - Taking On The Biggest Challenges</b></p>\n<p>While Facedrive (TSXV:FD,OTC:FDVRF) has been busy helping bring EVs to mainstream use in creative ways, they’ve also found a way to help address the issue we’ve all been facing for the last year.</p>\n<p>By partnering with the University of Waterloo, they’ve created a wearable contact tracing technology called TraceSCAN.</p>\n<p><img src=\"https://static.tigerbbs.com/e20d8dc5c6b5273656030ef394657c83\" tg-width=\"450\" tg-height=\"189\" referrerpolicy=\"no-referrer\"></p>\n<p>It’s designed to help alert those without cell phones after they’ve been in contact with someone who’s tested positive for COVID-19.</p>\n<p>That’s great news for those working in schools, airports, mining, long-term care facilities, and more.</p>\n<p>And the demand for TraceSCAN has surged in recent months, as businesses work to open safely and responsibly.</p>\n<p>Facedrive has now signed an agreement with Canada’s largest airline, Air Canada, to use this breakthrough technology.</p>\n<p>They’re also in discussions to continue TraceSCAN’s growth with major multinational corporations.</p>\n<p>But perhaps the most exciting news came from a government announcement in Canada just weeks ago.</p>\n<p><b>In February, the Ontario government announced they’re investing $2.5 million to help speed up the deployment of TraceSCAN to more users.</b></p>\n<p>This means TraceSCAN’s technology has gotten another vote of confidence in their innovative technology... to the tune of millions from the government.</p>\n<p>As governments and businesses around the world are doing whatever they can to stop the spread of the virus, this major announcement could help bring attention to Facedrive’s TraceSCAN technology…</p>\n<p>Applying more pressure to other organizations and governments to act responsibly and start investing more seriously in contact tracing technology.</p>\n<p><b>Setting Up For Electric Everything in 2021</b></p>\n<p>As 2021 heats up, we’re seeing that the EV boom isn’t just limited to manufacturing sedans anymore.</p>\n<p>It involves building an entire electric ecosystem and re-imagining what transportation looks like on all fronts.</p>\n<p>That’s why Facedrive (TSXV:FD,OTC:FDVRF) aims see their growth wave continue as they bring EVs to ridesharing, food delivery, and beyond.</p>\n<p>Here are a few other companies who could profit in the electric future:</p>\n<p><b>Tesla (NASDAQ:TSLA</b>) has been one of the most exciting stories on Wall Street for the past two years. And that’s largely thanks to its CEO, Elon Musk. As a visionary in the tech world, Musk built his empire on <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> and then pivoted to a cause closer to his heart, Tesla. Musk has had his eye on prize long before the green energy hype started building. In fact, he released the first Tesla Roadster back in 2008, making electric vehicles desirable when people were laughing at first-gen electric vehicles. Since then, Tesla’s stock has skyrocketed by over 14,000%. Largely thanks to its ambitious approach to a greener tomorrow</p>\n<p>Tesla isn’t just about cars, however, it’s diving head first into the battery market, as well. And by extension, could completely transform renewable energy as we know it. Tesla’s battery technology is a game-changer because batteries will be the first big step towards decentralized electric grids, another innovation fueled by the dramatic rise of blockchain technology, another cause that Musk is passionate about.</p>\n<p>Elon Musk is a major proponent of bitcoin, like his tech industry peer Square and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>’s Jack Dorsey. Musk made a number of posts on Dorsey’s Twitter platform highlighting the benefits of cryptocurrency, and even put his own money where his mouth is, announcing that Tesla would be investing $1.5 billion into bitcoin, with plans to begin accepting bitcoin payments for Tesla products in the near to medium-term</p>\n<p>Elon Musk is truly a visionary of this decade. From his electric vehicle innovations and space ambitions to his forward-thinking approach on cryptocurrencies, Elon Musk may well become the first trillionaire, and Tesla shareholders are set to ride the wave.</p>\n<p><b>NIO Limited (NYSE:NIO)</b> has had an incredible year, taking the market by storm. Just a year ago, no one could have imagined how successful the company was going to be. In fact, many analysts were ready to leave it for dead. But the Chinese Tesla rival powered on, blew away estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way.</p>\n<p>Nio has made all the right moves over the past year to win over investors and turn heads on the streets and in the marketplace. On November 18th, NIO revealed a pair of sedans that even the biggest Tesla die-hard would struggle to pass up. The vehicles, meant to compete with Tesla’s Model 3, could be just what the company needs to pull back control of its local market from Elon Musk’s electric vehicle giant.</p>\n<p>In addition to its automotive push, however, Nio, Tesla’s largest competitor in China, has also started to offer a batteries-as-a-service concept, in which car buyers can ‘lease’ the battery of their vehicle and save as much as $10,000 on the price of a new vehicle, while also offering buyers the option to swap batteries after a few years of use. And that’s huge news in the lithium world, because it will mean give miners even greater incentive to sign deals with the battery innovator.</p>\n<p><b>General Motors (NYSE:GM) </b>just started a joint venture with Korea’s LG Chem to mass produce next-gen battery cells for electric vehicles, together investing $2.3 billion over the next few years.</p>\n<p>That’s not all its working on, either. In October, auto industry legend, GM announced that it’s majority-owned subsidiary, Cruise, has just received approval from the California DMV to test its autonomous vehicles without a driver. And while they’re not the first to receive such an approval, it’s still huge news for GM.</p>\n<p>Cruise CEO Dan Ammann wrote in a Medium post, “Before the end of the year, we’ll be sending cars out onto the streets of SF — without gasoline and without anyone at the wheel. Because safely removing the driver is the true benchmark of a self-driving car, and because burning fossil fuels is no way to build the future of transportation.”</p>\n<p><b>Ford (NYSE:F) </b>is another Detroit automaker making the jump to EVs - and seeing shares jump in the process. They recently announced they’ll be boosting their spending on EVs to $27 billion through mid-decade.&nbsp;That big investment includes plans of their own to develop an electric cargo van and a plug-in version of their bestseller F-150 pickup truck.</p>\n<p>Ford isn’t going to be left out of the autonomous vehicle boom, either. The company, for its part, has recently revealed plans to launch its self-driving business in 2022. The new vehicles, in partnership with Argo AI, a Philadelphia-based autonomous vehicle startup, will include major upgrades from advanced Lidar technology and high resolution cameras. Ford plans to test these vehicles in Austin, Texas; Detroit; Miami; Palo Alto, California; Pittsburgh and Washington, D.C. as early as this month.</p>\n<p>John Davis, chief engineer of Ford’s autonomous vehicle subsidiary explained, “We’re confident that we’re on the path to launching a safe, reliable and affordable service. And, we look forward to telling you more about how this service will ultimately help make people’s lives better.”</p>\n<p><b>Blink Charging (NASDAQ:BLNK)</b> was one of the darlings of the EV boom last year because of its expansion in EV charging technology. With their chargers deployed at airports, car dealers, hospitals, restaurants, retailers, and schools across the nation, Blink recently saw shares jump 76% in just one month. A wave of new deals, including a collaboration with EnerSys and another with Envoy Technologies to deploy electric vehicles and charging stations adds further support to its success.</p>\n<p>Michael D. Farkas, Founder, CEO and Executive Chairman of Blink noted, “This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers.”</p>\n<p>In addition to the company’s string of high-profile deals, Blink is also consistently posting promising revenues. In fact, earlier this month, the company noted that third-quarter revenue had increased by as much as 18% from the year before despite disruptions caused by the COVID-19 pandemic. </p>\n<p>Canada is not likely to be left out of this boom, either. <b>GreenPower Motor (TSX:GPV) </b>is an exciting company that produces larger-scale electric transportation.&nbsp; Right now, it is primarily focused on the North American market, but the sky is the limit as the pressure to go green grows. GreenPower has been on the frontlines of the electric movement, manufacturing affordable battery-electric busses and trucks for over ten years. From school busses to long-distance public transit, GreenPower’s impact on the sector can’t be ignored.</p>\n<p><b>NFI Group (TSX:NFI) </b>is another one of Canada’s most exciting companies in the electric vehicle space. It produces transit busses and motorcycles. NFI had a difficult start to the year, but it since cut its debt and begun to address its cash flow struggles in a meaningful way. Though it remains down from January highs, NFI still offers investors a promising opportunity to capitalize on the electric vehicle boom.</p>\n<p>Recently, NFI has seen an uptick in insider stock purchases which is often a sign that the board and management strongly believe in the future of the company. In addition to its increasingly positive financial reports, it is also one of the few in the business that actually pay dividends out to its investors.</p>\n<p><b><a href=\"https://laohu8.com/S/LAC\">Lithium Americas Corp.</a> (TSX:LAC) </b>is one of North America’s most important and successful pure-play lithium companies. In a way, Lithium Americas is literally fueling the green energy boom. With two world-class lithium projects in Argentina and Nevada, Lithium Americas is well-positioned to ride the wave of growing lithium demand in the years to come. It’s already raised nearly a billion dollars in equity and debt, showing that investors have a ton of interest in the company’s ambitious plans, and it will likely continue its promising growth and expansion for years to come.</p>\n<p>It’s not ignoring the growing demand from investors for responsible and sustainable mining, either. In fact, one of its primary goals is to create a positive impact on society and the environment through its projects. This includes cleaner mining tech, strong workplace safety practices, a range of opportunities for employees, and strong relationships with local governments to ensure that not only are its employees being taken care of, but locals as well.</p>\n<p><b>Celestica (TSX:CLS)</b> is closely tied to the green energy boom. Celestica’s wide range of products includes but is not limited to communications solutions, enterprise and cloud services, aerospace and defense products, renewable energy and enough health technology.</p>\n<p>Thanks to its exposure to the renewable energy market, Celestica’s future is tied hand-in-hand with the green energy boom that’s sweeping the world at the moment. It helps build smart and efficient products that integrate the latest in power generation, conversion and management technology to deliver smarter, more efficient grid and off-grid applications for the world’s leading energy equipment manufacturers and developers.</p>\n<p><b>Maxar Technologies (TSX:MAXR)</b> is a high flying tech stock to watch in the energy transition. Why? Its wholelly-owned subsidiary, SSL, a designer and manufacturer of satellites used by government and commercial enterprises, has pioneered research in electric propulsion systems, lithium-ion power systems and the use of advanced composites on commercial satellites. These innovations are key because they allow satellites to spend more time in orbit, reducing costs and increasing efficiency. And it’s greener than traditional power sources.</p>\n<p>Thanks to Maxar’s incredible tech and innovative approach to the already-extremely complicated space industry, the company has seen its share price climb where many of its peers have struggled. In fact, in just the past two years, Maxar has seen its share price increase by well over 1000%. And as the company secures more deals in the great beyond, the innovative firm will likely maintain its upward trajectory for some time.</p>","source":"lsy1614844034726","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 Future is Electric: Why EV Stocks Could Continue To Soar In 2021</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Future is Electric: Why EV Stocks Could Continue To Soar In 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-05 16:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://oilprice.com/Energy/Energy-General/The-Future-is-Electric-Why-EV-Stocks-Could-Continue-To-Soar-In-2021.html><strong>Oilprice.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While the EV boom has been growing for years, 2021 could be the year electric starts to take over everything.\nAnd it could happen much sooner than most people realize, as some of the biggest names are...</p>\n\n<a href=\"https://oilprice.com/Energy/Energy-General/The-Future-is-Electric-Why-EV-Stocks-Could-Continue-To-Soar-In-2021.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LAC":"Lithium Americas Corp.","GM":"通用汽车","NIO":"蔚来","F":"福特汽车","TSLA":"特斯拉","BLNK":"Blink Charging"},"source_url":"https://oilprice.com/Energy/Energy-General/The-Future-is-Electric-Why-EV-Stocks-Could-Continue-To-Soar-In-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125509847","content_text":"While the EV boom has been growing for years, 2021 could be the year electric starts to take over everything.\nAnd it could happen much sooner than most people realize, as some of the biggest names are already hopping on board.\nAmazon has already started making deliveries with electric vans in Los Angeles, as they’ve agreed to purchase 100,000 vans from EV startup, Rivian.\n\nThe United States Postal Service just signed a 10-year, multi-billion dollar contract with Oshkosh Defense to produce thousands of electric mail trucks.\n\nAnd United Airlines just placed an incredible $1 billion order with EV manufacturer, Archer, for a fleet of electric air taxis.\n\nLegacy automakers are all making the shift too, rolling out their line of electric vehicles one by one.\nFord is set to double their investment in EVs to $22 billion, and they’re planning to release their electric version of the Mustang and the F-150, the most popular vehicle in the U.S.\nVolkswagen is calling their 2021 electric crossover, the ID.4, “the most important new Volkswagen debut since the Beetle.”\nAnd General Motors has even announced they’ll stop making gas-powered vehicles altogether by 2035.\nNow, Biden has even announced plans to transition all government fleet vehicles to EVs.\nThis electric revolution has already led to monster gains for EV companies throughout 2020.\nThe EV van startup, Workhorse, saw gains of over 551%...\nTesla’s shares shot up a massive 740%...\nAnd Blink Charging soared for incredible 1,740% gains last year.\nNow, many investors are looking ahead for the next big thing in the EV markets.\nAnd one Canadian company in EV related business has seen its momentum building steadily over the last year.\nFacedrive (TSXV:FD,OTC:FDVRF) has been acquiring key pieces left and right, adding them to their electric ecosystem alongside their signature ridesharing service.\nWith these acquisitions, they’ve brought the EV boom into food delivery, car subscriptions, and more.\nThis is why they’ve seen shares jump an incredible 969% over the last year…\nAnd now that Facedrive has announced a major government investment in their technology, their business could be set to take off in 2021.\nHere are 3 reasons why you should be paying attention to Facedrive:\n1 - Bringing EVs to the Gig Economy\nMany of the biggest EV stories of late have come from either the automakers rolling out new models or companies working on building out the infrastructure...\nBut Facedrive is taking a different approach.\nInstead, they’re using the cars those automakers have already made and turning them into an entire EV-related ecosystem.\nSo just like Uber has built their $96 billion business off leveraging cars they never manufactured, bought, or sold…\nFacedrive (TSXV:FD,OTC:FDVRF) connects customers looking to hail a ride, providing an eco-friendly solution.\nTheir model is simple.\nWhen customers request a ride, they get their pick between riding to their destination in a standard gas-powered car, a hybrid or an electric vehicle (for no extra charge to them).\nThen Facedrive’s algorithm crunches the numbers, setting aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride.\nThrough next-gen technology and partnerships, they’re bringing EVs into the gig economy and making a splash.\nThat’s because Facedrive has also added a food delivery service, which has taken off since so many have been stuck at home during global lockdowns.\nToday, they’re delivering over 4,100 orders per day on average. And after growing to 19 major cities, they plan to expand to more cities throughout the U.S. and Canada soon.\nBut they’ve also gone beyond applying EVs to the gig economy and are offering a way for people to get behind the wheel themselves without the usual sticker shock.\n2 - Reinventing The Standard Model\nAt this point there’s no question there’s a growing demand for EVs from consumers, as this trend has spread from Europe and Asia and through North America.\nAnd almost 3 out of 4 younger buyers even say they’re willing to pay higher prices to own an electric vehicle.\nBut with Facedrive’s acquisition of Steer, you can get the benefits without the large upfront cost.\nFacedrive recently acquired the EV subscription company from the largest clean energy producer in the United States, and they’re aiming to change the way people think about using EVs.\nSteer has combined the Netflix subscription model with the EV boom to flip the traditional car ownership model on its head.\n\nWith Facedrive’s acquisition of Steer, customers pay a simple monthly fee like with Netflix, and they get access to their choice of EVs from a fleet at their disposal.\nSo they can borrow one whenever they need it instead of buying an EV outright - and at a fraction of the cost.\nThey’re up and running in the Washington D.C. market already…\nAnd they’ve seen so much success there that they’ve decided to expand further north, to roll out the service in Toronto as well.\nWith two of the largest metro areas in North America in the mix, Facedrive has started paving the path for a completely unique way to save drivers money in the EV boom.\nBut their biggest announcement recently came thanks to their willingness to think outside the box and serve the most pressing need we’re seeing today.\n3 - Taking On The Biggest Challenges\nWhile Facedrive (TSXV:FD,OTC:FDVRF) has been busy helping bring EVs to mainstream use in creative ways, they’ve also found a way to help address the issue we’ve all been facing for the last year.\nBy partnering with the University of Waterloo, they’ve created a wearable contact tracing technology called TraceSCAN.\n\nIt’s designed to help alert those without cell phones after they’ve been in contact with someone who’s tested positive for COVID-19.\nThat’s great news for those working in schools, airports, mining, long-term care facilities, and more.\nAnd the demand for TraceSCAN has surged in recent months, as businesses work to open safely and responsibly.\nFacedrive has now signed an agreement with Canada’s largest airline, Air Canada, to use this breakthrough technology.\nThey’re also in discussions to continue TraceSCAN’s growth with major multinational corporations.\nBut perhaps the most exciting news came from a government announcement in Canada just weeks ago.\nIn February, the Ontario government announced they’re investing $2.5 million to help speed up the deployment of TraceSCAN to more users.\nThis means TraceSCAN’s technology has gotten another vote of confidence in their innovative technology... to the tune of millions from the government.\nAs governments and businesses around the world are doing whatever they can to stop the spread of the virus, this major announcement could help bring attention to Facedrive’s TraceSCAN technology…\nApplying more pressure to other organizations and governments to act responsibly and start investing more seriously in contact tracing technology.\nSetting Up For Electric Everything in 2021\nAs 2021 heats up, we’re seeing that the EV boom isn’t just limited to manufacturing sedans anymore.\nIt involves building an entire electric ecosystem and re-imagining what transportation looks like on all fronts.\nThat’s why Facedrive (TSXV:FD,OTC:FDVRF) aims see their growth wave continue as they bring EVs to ridesharing, food delivery, and beyond.\nHere are a few other companies who could profit in the electric future:\nTesla (NASDAQ:TSLA) has been one of the most exciting stories on Wall Street for the past two years. And that’s largely thanks to its CEO, Elon Musk. As a visionary in the tech world, Musk built his empire on PayPal and then pivoted to a cause closer to his heart, Tesla. Musk has had his eye on prize long before the green energy hype started building. In fact, he released the first Tesla Roadster back in 2008, making electric vehicles desirable when people were laughing at first-gen electric vehicles. Since then, Tesla’s stock has skyrocketed by over 14,000%. Largely thanks to its ambitious approach to a greener tomorrow\nTesla isn’t just about cars, however, it’s diving head first into the battery market, as well. And by extension, could completely transform renewable energy as we know it. Tesla’s battery technology is a game-changer because batteries will be the first big step towards decentralized electric grids, another innovation fueled by the dramatic rise of blockchain technology, another cause that Musk is passionate about.\nElon Musk is a major proponent of bitcoin, like his tech industry peer Square and Twitter’s Jack Dorsey. Musk made a number of posts on Dorsey’s Twitter platform highlighting the benefits of cryptocurrency, and even put his own money where his mouth is, announcing that Tesla would be investing $1.5 billion into bitcoin, with plans to begin accepting bitcoin payments for Tesla products in the near to medium-term\nElon Musk is truly a visionary of this decade. From his electric vehicle innovations and space ambitions to his forward-thinking approach on cryptocurrencies, Elon Musk may well become the first trillionaire, and Tesla shareholders are set to ride the wave.\nNIO Limited (NYSE:NIO) has had an incredible year, taking the market by storm. Just a year ago, no one could have imagined how successful the company was going to be. In fact, many analysts were ready to leave it for dead. But the Chinese Tesla rival powered on, blew away estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way.\nNio has made all the right moves over the past year to win over investors and turn heads on the streets and in the marketplace. On November 18th, NIO revealed a pair of sedans that even the biggest Tesla die-hard would struggle to pass up. The vehicles, meant to compete with Tesla’s Model 3, could be just what the company needs to pull back control of its local market from Elon Musk’s electric vehicle giant.\nIn addition to its automotive push, however, Nio, Tesla’s largest competitor in China, has also started to offer a batteries-as-a-service concept, in which car buyers can ‘lease’ the battery of their vehicle and save as much as $10,000 on the price of a new vehicle, while also offering buyers the option to swap batteries after a few years of use. And that’s huge news in the lithium world, because it will mean give miners even greater incentive to sign deals with the battery innovator.\nGeneral Motors (NYSE:GM) just started a joint venture with Korea’s LG Chem to mass produce next-gen battery cells for electric vehicles, together investing $2.3 billion over the next few years.\nThat’s not all its working on, either. In October, auto industry legend, GM announced that it’s majority-owned subsidiary, Cruise, has just received approval from the California DMV to test its autonomous vehicles without a driver. And while they’re not the first to receive such an approval, it’s still huge news for GM.\nCruise CEO Dan Ammann wrote in a Medium post, “Before the end of the year, we’ll be sending cars out onto the streets of SF — without gasoline and without anyone at the wheel. Because safely removing the driver is the true benchmark of a self-driving car, and because burning fossil fuels is no way to build the future of transportation.”\nFord (NYSE:F) is another Detroit automaker making the jump to EVs - and seeing shares jump in the process. They recently announced they’ll be boosting their spending on EVs to $27 billion through mid-decade. That big investment includes plans of their own to develop an electric cargo van and a plug-in version of their bestseller F-150 pickup truck.\nFord isn’t going to be left out of the autonomous vehicle boom, either. The company, for its part, has recently revealed plans to launch its self-driving business in 2022. The new vehicles, in partnership with Argo AI, a Philadelphia-based autonomous vehicle startup, will include major upgrades from advanced Lidar technology and high resolution cameras. Ford plans to test these vehicles in Austin, Texas; Detroit; Miami; Palo Alto, California; Pittsburgh and Washington, D.C. as early as this month.\nJohn Davis, chief engineer of Ford’s autonomous vehicle subsidiary explained, “We’re confident that we’re on the path to launching a safe, reliable and affordable service. And, we look forward to telling you more about how this service will ultimately help make people’s lives better.”\nBlink Charging (NASDAQ:BLNK) was one of the darlings of the EV boom last year because of its expansion in EV charging technology. With their chargers deployed at airports, car dealers, hospitals, restaurants, retailers, and schools across the nation, Blink recently saw shares jump 76% in just one month. A wave of new deals, including a collaboration with EnerSys and another with Envoy Technologies to deploy electric vehicles and charging stations adds further support to its success.\nMichael D. Farkas, Founder, CEO and Executive Chairman of Blink noted, “This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers.”\nIn addition to the company’s string of high-profile deals, Blink is also consistently posting promising revenues. In fact, earlier this month, the company noted that third-quarter revenue had increased by as much as 18% from the year before despite disruptions caused by the COVID-19 pandemic. \nCanada is not likely to be left out of this boom, either. GreenPower Motor (TSX:GPV) is an exciting company that produces larger-scale electric transportation.  Right now, it is primarily focused on the North American market, but the sky is the limit as the pressure to go green grows. GreenPower has been on the frontlines of the electric movement, manufacturing affordable battery-electric busses and trucks for over ten years. From school busses to long-distance public transit, GreenPower’s impact on the sector can’t be ignored.\nNFI Group (TSX:NFI) is another one of Canada’s most exciting companies in the electric vehicle space. It produces transit busses and motorcycles. NFI had a difficult start to the year, but it since cut its debt and begun to address its cash flow struggles in a meaningful way. Though it remains down from January highs, NFI still offers investors a promising opportunity to capitalize on the electric vehicle boom.\nRecently, NFI has seen an uptick in insider stock purchases which is often a sign that the board and management strongly believe in the future of the company. In addition to its increasingly positive financial reports, it is also one of the few in the business that actually pay dividends out to its investors.\nLithium Americas Corp. (TSX:LAC) is one of North America’s most important and successful pure-play lithium companies. In a way, Lithium Americas is literally fueling the green energy boom. With two world-class lithium projects in Argentina and Nevada, Lithium Americas is well-positioned to ride the wave of growing lithium demand in the years to come. It’s already raised nearly a billion dollars in equity and debt, showing that investors have a ton of interest in the company’s ambitious plans, and it will likely continue its promising growth and expansion for years to come.\nIt’s not ignoring the growing demand from investors for responsible and sustainable mining, either. In fact, one of its primary goals is to create a positive impact on society and the environment through its projects. This includes cleaner mining tech, strong workplace safety practices, a range of opportunities for employees, and strong relationships with local governments to ensure that not only are its employees being taken care of, but locals as well.\nCelestica (TSX:CLS) is closely tied to the green energy boom. Celestica’s wide range of products includes but is not limited to communications solutions, enterprise and cloud services, aerospace and defense products, renewable energy and enough health technology.\nThanks to its exposure to the renewable energy market, Celestica’s future is tied hand-in-hand with the green energy boom that’s sweeping the world at the moment. It helps build smart and efficient products that integrate the latest in power generation, conversion and management technology to deliver smarter, more efficient grid and off-grid applications for the world’s leading energy equipment manufacturers and developers.\nMaxar Technologies (TSX:MAXR) is a high flying tech stock to watch in the energy transition. Why? Its wholelly-owned subsidiary, SSL, a designer and manufacturer of satellites used by government and commercial enterprises, has pioneered research in electric propulsion systems, lithium-ion power systems and the use of advanced composites on commercial satellites. These innovations are key because they allow satellites to spend more time in orbit, reducing costs and increasing efficiency. And it’s greener than traditional power sources.\nThanks to Maxar’s incredible tech and innovative approach to the already-extremely complicated space industry, the company has seen its share price climb where many of its peers have struggled. In fact, in just the past two years, Maxar has seen its share price increase by well over 1000%. And as the company secures more deals in the great beyond, the innovative firm will likely maintain its upward trajectory for some time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357908215,"gmtCreate":1617226646237,"gmtModify":1704697441037,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357908215","repostId":"2123795275","repostType":4,"repost":{"id":"2123795275","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":1617204086,"share":"https://ttm.financial/m/news/2123795275?lang=&edition=fundamental","pubTime":"2021-03-31 23:21","market":"fut","language":"en","title":"Now the hard part: Biden tax hikes face hurdles in Congress","url":"https://stock-news.laohu8.com/highlight/detail?id=2123795275","media":"Reuters","summary":"By David Morgan and David ShepardsonWASHINGTON, March 31 (Reuters) - U.S. President Joe Biden's plan","content":"<p>By David Morgan and David Shepardson</p><p>WASHINGTON, March 31 (Reuters) - U.S. President Joe Biden's plan to pay for his $2 trillion infrastructure plan with higher corporate taxes faces hurdles in Congress from Republicans who say it will kill jobs and some of his fellow Democrats who want a bigger write-off for state and local taxes.</p><p>The plan, which Biden will unveil at an event in Pittsburgh later on Wednesday, would hike the U.S. corporate tax rate to 28%, from its current 21%, to secure more revenue from corporations that have used offshore tax shelters and other measures to reduce their tax burdens.</p><p>\"President Biden's reform will reverse this damage and fundamentally reform the way the tax code treats the largest corporations,\" the White House said earlier as it released details of the plan.</p><p>The Biden tax provisions quickly came under fire from American business interests and Republicans on a key tax committee in the U.S. House of Representatives.</p><p>\"The proposal is dangerously misguided when it comes to how to pay for infrastructure,\" the U.S. Chamber of Commerce said in a statement that warned the tax hikes would \"slow the economic recovery and make the U.S. less competitive globally.\"</p><p>Unveiled along with Biden's infrastructure plan, the tax provisions would roll back many of former President Donald Trump's 2017 tax cuts for businesses and the wealthy.</p><p>Biden's overall infrastructure plan charts a dramatic shift in the direction of the U.S. economy, with investments in traditional projects like roads and bridges along with climate change and human services like elder care.</p><p>The president hopes to draw bipartisan support from Republicans in Congress but will need solid backing from Democrats in the Senate and the House, if Republicans uniformly reject the legislation as they did his $1.9 trillion COVID-19 relief package.</p><p>But some moderate Democrats hope to reverse Trump's cap on the federal deduction for state and local taxes, or SALT, which is felt most acutely in Northeastern states with higher taxes.</p><p>\"We say, no SALT, no deal,\" three House Democrats from New York and New Jersey said this week.</p><p>Democrats control the House by a margin of 219 to 211, so they will need to stay united if no Republicans support the plan. The party has not yet decided how to shepherd the package through Congress, a House Democratic aide said.</p><p>Republicans on the tax-writing House Ways and Means Committee decried the initiative in a pre-dawn statement as \"a series of job-killing tax hikes\" that would saddle American companies with a higher tax rate that their competitors in \"Communist China.\"</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>Now the hard part: Biden tax hikes face hurdles in Congress</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\">\nNow the hard part: Biden tax hikes face hurdles in Congress\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\">2021-03-31 23:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>By David Morgan and David Shepardson</p><p>WASHINGTON, March 31 (Reuters) - U.S. President Joe Biden's plan to pay for his $2 trillion infrastructure plan with higher corporate taxes faces hurdles in Congress from Republicans who say it will kill jobs and some of his fellow Democrats who want a bigger write-off for state and local taxes.</p><p>The plan, which Biden will unveil at an event in Pittsburgh later on Wednesday, would hike the U.S. corporate tax rate to 28%, from its current 21%, to secure more revenue from corporations that have used offshore tax shelters and other measures to reduce their tax burdens.</p><p>\"President Biden's reform will reverse this damage and fundamentally reform the way the tax code treats the largest corporations,\" the White House said earlier as it released details of the plan.</p><p>The Biden tax provisions quickly came under fire from American business interests and Republicans on a key tax committee in the U.S. House of Representatives.</p><p>\"The proposal is dangerously misguided when it comes to how to pay for infrastructure,\" the U.S. Chamber of Commerce said in a statement that warned the tax hikes would \"slow the economic recovery and make the U.S. less competitive globally.\"</p><p>Unveiled along with Biden's infrastructure plan, the tax provisions would roll back many of former President Donald Trump's 2017 tax cuts for businesses and the wealthy.</p><p>Biden's overall infrastructure plan charts a dramatic shift in the direction of the U.S. economy, with investments in traditional projects like roads and bridges along with climate change and human services like elder care.</p><p>The president hopes to draw bipartisan support from Republicans in Congress but will need solid backing from Democrats in the Senate and the House, if Republicans uniformly reject the legislation as they did his $1.9 trillion COVID-19 relief package.</p><p>But some moderate Democrats hope to reverse Trump's cap on the federal deduction for state and local taxes, or SALT, which is felt most acutely in Northeastern states with higher taxes.</p><p>\"We say, no SALT, no deal,\" three House Democrats from New York and New Jersey said this week.</p><p>Democrats control the House by a margin of 219 to 211, so they will need to stay united if no Republicans support the plan. The party has not yet decided how to shepherd the package through Congress, a House Democratic aide said.</p><p>Republicans on the tax-writing House Ways and Means Committee decried the initiative in a pre-dawn statement as \"a series of job-killing tax hikes\" that would saddle American companies with a higher tax rate that their competitors in \"Communist China.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7ae95043f60aecab0531758d2129fd42","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123795275","content_text":"By David Morgan and David ShepardsonWASHINGTON, March 31 (Reuters) - U.S. President Joe Biden's plan to pay for his $2 trillion infrastructure plan with higher corporate taxes faces hurdles in Congress from Republicans who say it will kill jobs and some of his fellow Democrats who want a bigger write-off for state and local taxes.The plan, which Biden will unveil at an event in Pittsburgh later on Wednesday, would hike the U.S. corporate tax rate to 28%, from its current 21%, to secure more revenue from corporations that have used offshore tax shelters and other measures to reduce their tax burdens.\"President Biden's reform will reverse this damage and fundamentally reform the way the tax code treats the largest corporations,\" the White House said earlier as it released details of the plan.The Biden tax provisions quickly came under fire from American business interests and Republicans on a key tax committee in the U.S. House of Representatives.\"The proposal is dangerously misguided when it comes to how to pay for infrastructure,\" the U.S. Chamber of Commerce said in a statement that warned the tax hikes would \"slow the economic recovery and make the U.S. less competitive globally.\"Unveiled along with Biden's infrastructure plan, the tax provisions would roll back many of former President Donald Trump's 2017 tax cuts for businesses and the wealthy.Biden's overall infrastructure plan charts a dramatic shift in the direction of the U.S. economy, with investments in traditional projects like roads and bridges along with climate change and human services like elder care.The president hopes to draw bipartisan support from Republicans in Congress but will need solid backing from Democrats in the Senate and the House, if Republicans uniformly reject the legislation as they did his $1.9 trillion COVID-19 relief package.But some moderate Democrats hope to reverse Trump's cap on the federal deduction for state and local taxes, or SALT, which is felt most acutely in Northeastern states with higher taxes.\"We say, no SALT, no deal,\" three House Democrats from New York and New Jersey said this week.Democrats control the House by a margin of 219 to 211, so they will need to stay united if no Republicans support the plan. The party has not yet decided how to shepherd the package through Congress, a House Democratic aide said.Republicans on the tax-writing House Ways and Means Committee decried the initiative in a pre-dawn statement as \"a series of job-killing tax hikes\" that would saddle American companies with a higher tax rate that their competitors in \"Communist China.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355574764,"gmtCreate":1617091917458,"gmtModify":1704801836568,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Hi like this please","listText":"Hi like this please","text":"Hi like this please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/355574764","repostId":"1101398939","repostType":4,"repost":{"id":"1101398939","pubTimestamp":1617091251,"share":"https://ttm.financial/m/news/1101398939?lang=&edition=fundamental","pubTime":"2021-03-30 16:00","market":"us","language":"en","title":"Credit Suisse is said to have lost $3B-$4B on Archegos selloff, FT says","url":"https://stock-news.laohu8.com/highlight/detail?id=1101398939","media":"seekingalpha","summary":"Credit Suisse reportedly lost between $3B and $4B due to theArchegos Capital liquidation, theFT repo","content":"<p>Credit Suisse&nbsp;reportedly lost between $3B and $4B due to theArchegos Capital liquidation, theFT reportedearlier, citingtwo people close to the bank.</p><p>Credit Suisse earlier said that the size of the could be \"highly significant.\" Credit Suisseshares dropped 12%&nbsp;today.</p><p>“While at this time it is premature to quantify the exact size of the loss resulting from this exit, it could be highly significant and material to our first quarter results, notwithstanding the positive trends announced in our trading statement earlier this month,” Credit Suisse said in a statement earlier.</p><p>Nomura(NYSE:NMR)&nbsp;fell&nbsp;14%&nbsp;today after Japanese bank&nbsp;warned of significant losses of potentially $2b from transactions with an unnamed U.S. client.</p><p>Separately,&nbsp; Bill Hwang's Archegos Capital said in a statement that&nbsp;&nbsp;“all plans are being discussed as Mr. Hwang and the team determine the best path forward,\" accordingto Reuters.</p><p>Earlier,Bank stocks pare declines as investors assess hedge fund collapse.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Credit Suisse is said to have lost $3B-$4B on Archegos selloff, FT says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCredit Suisse is said to have lost $3B-$4B on Archegos selloff, FT says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3677420-credit-suisse-is-said-to-have-lost-3b-4b-on-archegos-trades-ft-says><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Credit Suisse reportedly lost between $3B and $4B due to theArchegos Capital liquidation, theFT reportedearlier, citingtwo people close to the bank.Credit Suisse earlier said that the size of the ...</p>\n\n<a href=\"https://seekingalpha.com/news/3677420-credit-suisse-is-said-to-have-lost-3b-4b-on-archegos-trades-ft-says\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3957154ffb461512e6e195413fc956a3","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3677420-credit-suisse-is-said-to-have-lost-3b-4b-on-archegos-trades-ft-says","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1101398939","content_text":"Credit Suisse reportedly lost between $3B and $4B due to theArchegos Capital liquidation, theFT reportedearlier, citingtwo people close to the bank.Credit Suisse earlier said that the size of the could be \"highly significant.\" Credit Suisseshares dropped 12% today.“While at this time it is premature to quantify the exact size of the loss resulting from this exit, it could be highly significant and material to our first quarter results, notwithstanding the positive trends announced in our trading statement earlier this month,” Credit Suisse said in a statement earlier.Nomura(NYSE:NMR) fell 14% today after Japanese bank warned of significant losses of potentially $2b from transactions with an unnamed U.S. client.Separately,  Bill Hwang's Archegos Capital said in a statement that  “all plans are being discussed as Mr. Hwang and the team determine the best path forward,\" accordingto Reuters.Earlier,Bank stocks pare declines as investors assess hedge fund collapse.","news_type":1},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355574365,"gmtCreate":1617091878657,"gmtModify":1704801835275,"author":{"id":"3576767429158952","authorId":"3576767429158952","name":"Jo118","avatar":"https://static.tigerbbs.com/f1ae84ac95a5e852625f0045a719714c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576767429158952","authorIdStr":"3576767429158952"},"themes":[],"htmlText":"Like this comment tq","listText":"Like this comment tq","text":"Like this comment tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/355574365","repostId":"1154060329","repostType":4,"repost":{"id":"1154060329","pubTimestamp":1617091759,"share":"https://ttm.financial/m/news/1154060329?lang=&edition=fundamental","pubTime":"2021-03-30 16:09","market":"us","language":"en","title":"A little-known hedge fund caused widespread chaos on Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1154060329","media":"cnn","summary":"New York (CNN Business)The names of the key players are different, but the lessons similar. The spec","content":"<p>New York (CNN Business)The names of the key players are different, but the lessons similar. The spectacular implosion of hedge fund Archegos Capital Management, much like the GameStop saga earlier this year, serves as a reminder of the dangers posed by extreme leverage, secret derivatives and rock-bottom interest rates.</p>\n<p>ViacomCBS (VIACA), Discovery (DISCA) and other media titans' stocks crashed Friday as Wall Street banks that lent to Archegos forced the firm to unwind its bets. The epic firesale wiped out more than half of Viacom's value last week alone.</p>\n<p>Major banks face billions of dollars in losses from their exposure to Archegos. Both Credit Suisse (CS) and Nomura tumbled Monday after warning of significant hits to their earnings.</p>\n<p>The most startling part about the tale of Archegos is that it is a firm that few people had ever heard of before this weekend. And yet in this era of easy money, Archegos was able to borrow so much that its failure created shockwaves large enough to ripple across Wall Street — and impact everyday Americans' retirement accounts.</p>\n<p>\"It's a wake-up call. With leverage, comes risk,\" said Art Hogan, chief market strategist at National Securities Corporation. \"This is the second time we've learned a lesson this year about leverage.\"</p>\n<p>In January, another hedge fund, Melvin Capital Management, nearly collapsed after its massive bets against GameStop (GME) were blown up by an army of traders on Reddit. Investors were surprised to learn about the sheer size of the short positions anticipating the video game retailer's stock price would fall.</p>\n<p>When GameStop shares instead went to the moon, Melvin Capital suffered staggering losses and was forced to reach a $2.8 billion bailout with larger rivals.</p>\n<p>\"We saw it on the short side when GameStop blew up. Now we are seeing it on the long side,\" Hogan said.</p>\n<p><b>Opaque financial instruments</b></p>\n<p>Archegos Capital was using borrowed money — apparently a ton of it — to make outsized bets that propped up media stocks. This type excessive leverage is made possible by extremely low interest rates from the Federal Reserve.</p>\n<p>The full scale of these bets wasn't clear until now.</p>\n<p>Perhaps in an effort to avoid making public disclosure filings, Archegos reportedly used derivatives known as total return swaps to mask some of its large investment positions. Investors using these swaps receive the total return of a stock from a dealer and those returns are typically amplified by leverage.</p>\n<p>Archegos could not be reached for comment on Monday.</p>\n<p>Typically, investors who own more than 5% of a stock are required to report that stake with the SEC. These filings do not appear to have been made this time.</p>\n<p>\"Anytime a derivative is involved, you don't really know how deep the tentacles go,\" said Joe Saluzzi, co-head of trading at Themis Trading.</p>\n<p><b>The share sale that broke the camel's back</b></p>\n<p>This complex strategy backfired last week.</p>\n<p>Seeking to capitalize on its skyrocketing stock price, ViacomCBS announced plans for a $3 billion share sale. Up until that point, ViacomCBS shares had nearly tripled on the year. But the share sale appeared to be too much for the market to handle and the media boom morphed into a rout.</p>\n<p>Archegos faced margin calls from its Wall Street lenders. A margin call by a broker requires a client to add funds to its account if the value of an asset drops below a specified level. If the client can't pay up — and in this case Archegos apparently couldn't — the broker can step in and dump the shares on the client's behalf.</p>\n<p>Goldman Sachs, one of Archegos' lenders, seized collateral and sold shares on Friday, a person familiar with the matter told CNN Business. This so-called forced liquidation set off a bloodbath Friday that drove down shares of ViacomCBS and Discovery more than 25% apiece.</p>\n<p>Credit Suisse said that the default by a \"significant US-based hedge fund\" would cause a major hit to its earnings. A person familiar with the matter told CNN Business that Archegos was the firm causing the losses for Credit Suisse.</p>\n<p>Nomura said its losses could be as much as $2 billion from \"transactions with a US client.\"</p>\n<p><b>Founder of hedge fund involved in insider trading scandal</b></p>\n<p>The episode demonstrates the intricate web linking firms across Wall Street — and the risks to the banks providing large amounts of leverage.</p>\n<p>\"Systemic risk from secret and interconnected leverage, trading and derivatives in astronomical undisclosed amounts continue to permeate the shadow banking system,\" Better Markets CEO Dennis Kelleher said in a statement.</p>\n<p>Hogan said investors must remember the inherent risks involved in the business lines of banks.</p>\n<p>\"They watch the creditworthiness of clients, but it's now always perfect,\" he said.</p>\n<p>The creditworthiness of Archegos is a central question here. Bill Hwang, the firm's founder and a protégé of hedge fund pioneer Julian Robertson, was previously enmeshed in an insider trading scandal at Tiger Asia Management, a hedge fund he founded.</p>\n<p>In 2012, the SEC alleged Tiger Asia made nearly $17 million in illegal profits in a scheme involving Chinese bank stocks. Hwang pleaded guilty that year on behalf of Tiger Asia to one count of wire fraud. Tiger Asia was sentenced to one year of probation and ordered to forfeit more than $16 million.</p>\n<p>In the wake of the insider trading scandal, Goldman Sachs (GS) stopped doing business with Hwang for a period of time, a person familiar with the matter told CNN Business. However, Goldman Sachs later resumed a relationship with Hwang, serving as one of his firm's lenders.</p>\n<p><b>Repeat of Long-Term Capital Management?</b></p>\n<p>The blow-up of Archegos Capital brings back bad memories of Long-Term Capital Management. That massive hedge fund's collapse in 1998 threatened the financial system, forcing the federal government to intervene.</p>\n<p>\"This is likely not Long-Term Capital,\" Hogan said, citing reforms that mean banks hold less risk than before the 2008 crisis. \"I don't think this is the tip of the iceberg.\"</p>\n<p>Saluzzi, the Themis Trading executive, is not sure yet, pointing to how markets initially shrugged off the collapse of Bear Stearns hedge funds in the summer of 2007.</p>\n<p>\"We don't know how far the tentacles go,\" Saluzzi said. \"Early in the Bear Stearns crisis, the market was fine — until it wasn't.\"</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>A little-known hedge fund caused widespread chaos on Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA little-known hedge fund caused widespread chaos on Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 16:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/03/29/investing/wall-street-hedge-fund-archegos/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)The names of the key players are different, but the lessons similar. The spectacular implosion of hedge fund Archegos Capital Management, much like the GameStop saga earlier ...</p>\n\n<a href=\"https://edition.cnn.com/2021/03/29/investing/wall-street-hedge-fund-archegos/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/31992235e2d733c9c23402f8622ffd51","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/03/29/investing/wall-street-hedge-fund-archegos/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154060329","content_text":"New York (CNN Business)The names of the key players are different, but the lessons similar. The spectacular implosion of hedge fund Archegos Capital Management, much like the GameStop saga earlier this year, serves as a reminder of the dangers posed by extreme leverage, secret derivatives and rock-bottom interest rates.\nViacomCBS (VIACA), Discovery (DISCA) and other media titans' stocks crashed Friday as Wall Street banks that lent to Archegos forced the firm to unwind its bets. The epic firesale wiped out more than half of Viacom's value last week alone.\nMajor banks face billions of dollars in losses from their exposure to Archegos. Both Credit Suisse (CS) and Nomura tumbled Monday after warning of significant hits to their earnings.\nThe most startling part about the tale of Archegos is that it is a firm that few people had ever heard of before this weekend. And yet in this era of easy money, Archegos was able to borrow so much that its failure created shockwaves large enough to ripple across Wall Street — and impact everyday Americans' retirement accounts.\n\"It's a wake-up call. With leverage, comes risk,\" said Art Hogan, chief market strategist at National Securities Corporation. \"This is the second time we've learned a lesson this year about leverage.\"\nIn January, another hedge fund, Melvin Capital Management, nearly collapsed after its massive bets against GameStop (GME) were blown up by an army of traders on Reddit. Investors were surprised to learn about the sheer size of the short positions anticipating the video game retailer's stock price would fall.\nWhen GameStop shares instead went to the moon, Melvin Capital suffered staggering losses and was forced to reach a $2.8 billion bailout with larger rivals.\n\"We saw it on the short side when GameStop blew up. Now we are seeing it on the long side,\" Hogan said.\nOpaque financial instruments\nArchegos Capital was using borrowed money — apparently a ton of it — to make outsized bets that propped up media stocks. This type excessive leverage is made possible by extremely low interest rates from the Federal Reserve.\nThe full scale of these bets wasn't clear until now.\nPerhaps in an effort to avoid making public disclosure filings, Archegos reportedly used derivatives known as total return swaps to mask some of its large investment positions. Investors using these swaps receive the total return of a stock from a dealer and those returns are typically amplified by leverage.\nArchegos could not be reached for comment on Monday.\nTypically, investors who own more than 5% of a stock are required to report that stake with the SEC. These filings do not appear to have been made this time.\n\"Anytime a derivative is involved, you don't really know how deep the tentacles go,\" said Joe Saluzzi, co-head of trading at Themis Trading.\nThe share sale that broke the camel's back\nThis complex strategy backfired last week.\nSeeking to capitalize on its skyrocketing stock price, ViacomCBS announced plans for a $3 billion share sale. Up until that point, ViacomCBS shares had nearly tripled on the year. But the share sale appeared to be too much for the market to handle and the media boom morphed into a rout.\nArchegos faced margin calls from its Wall Street lenders. A margin call by a broker requires a client to add funds to its account if the value of an asset drops below a specified level. If the client can't pay up — and in this case Archegos apparently couldn't — the broker can step in and dump the shares on the client's behalf.\nGoldman Sachs, one of Archegos' lenders, seized collateral and sold shares on Friday, a person familiar with the matter told CNN Business. This so-called forced liquidation set off a bloodbath Friday that drove down shares of ViacomCBS and Discovery more than 25% apiece.\nCredit Suisse said that the default by a \"significant US-based hedge fund\" would cause a major hit to its earnings. A person familiar with the matter told CNN Business that Archegos was the firm causing the losses for Credit Suisse.\nNomura said its losses could be as much as $2 billion from \"transactions with a US client.\"\nFounder of hedge fund involved in insider trading scandal\nThe episode demonstrates the intricate web linking firms across Wall Street — and the risks to the banks providing large amounts of leverage.\n\"Systemic risk from secret and interconnected leverage, trading and derivatives in astronomical undisclosed amounts continue to permeate the shadow banking system,\" Better Markets CEO Dennis Kelleher said in a statement.\nHogan said investors must remember the inherent risks involved in the business lines of banks.\n\"They watch the creditworthiness of clients, but it's now always perfect,\" he said.\nThe creditworthiness of Archegos is a central question here. Bill Hwang, the firm's founder and a protégé of hedge fund pioneer Julian Robertson, was previously enmeshed in an insider trading scandal at Tiger Asia Management, a hedge fund he founded.\nIn 2012, the SEC alleged Tiger Asia made nearly $17 million in illegal profits in a scheme involving Chinese bank stocks. Hwang pleaded guilty that year on behalf of Tiger Asia to one count of wire fraud. Tiger Asia was sentenced to one year of probation and ordered to forfeit more than $16 million.\nIn the wake of the insider trading scandal, Goldman Sachs (GS) stopped doing business with Hwang for a period of time, a person familiar with the matter told CNN Business. However, Goldman Sachs later resumed a relationship with Hwang, serving as one of his firm's lenders.\nRepeat of Long-Term Capital Management?\nThe blow-up of Archegos Capital brings back bad memories of Long-Term Capital Management. That massive hedge fund's collapse in 1998 threatened the financial system, forcing the federal government to intervene.\n\"This is likely not Long-Term Capital,\" Hogan said, citing reforms that mean banks hold less risk than before the 2008 crisis. \"I don't think this is the tip of the iceberg.\"\nSaluzzi, the Themis Trading executive, is not sure yet, pointing to how markets initially shrugged off the collapse of Bear Stearns hedge funds in the summer of 2007.\n\"We don't know how far the tentacles go,\" Saluzzi said. \"Early in the Bear Stearns crisis, the market was fine — until it wasn't.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}