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2021-06-26

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3 Stocks You Can Keep Forever

2021-06-25

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Faraday Future Announces Effectiveness of Registration Statement for the Business Combination of FF and Property Solutions Acquisition Corp.

2021-06-25

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Panasonic sells Tesla stake for $3.6 billion, may use cash for strategic investments

2021-06-24

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2021-06-23

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2021-06-22

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2021-06-21

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Porsche To Set Up Joint Venture To Make High-Performance Battery Cells: Report

2021-06-20

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Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie

2021-06-20

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2021-06-19

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Largest Boeing 737 MAX model takes off on maiden flight

2021-06-18

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2021-06-17

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2021-06-16

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QuantumScape: Game-Changing Tech, or Just Another Pump-and-Dump Scheme?

2021-06-15

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As&nbsp;<b>Amazon</b>&nbsp;founder Jeff&nbsp;Bezos&nbsp;believes, the focus should be on what stays the same, as opposed to what we think might change in the future.&nbsp;</p>\n<p>This means that sticking to boring, steady, and predictable companies can be a worthwhile strategy. Fitting this description, here are three stocks you can keep forever.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75b7346a4d92cde9e5d2740346749150\" tg-width=\"700\" tg-height=\"467\"><span>Image source: Getty Images.</span></p>\n<h2>1. Costco Wholesale</h2>\n<p><b>Costco Wholesale</b> (NASDAQ:COST), with its&nbsp;809 warehouses around the world, generated sales of $44.4 billion in the most recent quarter, a 21.7% jump from the prior-year period. As <a href=\"https://laohu8.com/S/AONE\">one</a> of the world's largest retailers, Costco was a mission-critical business during the onset of the coronavirus pandemic. Consumers visited stores to shop for everything from cleaning supplies to food.&nbsp;</p>\n<p>The company's operations haven't changed much over time, and they likely won't anytime soon. Even e-commerce sales, which expanded rapidly over the past&nbsp;year&nbsp;and grew 41.2%&nbsp;in the most recent quarter, are slowing down. During the month of May, online revenue rose&nbsp;just&nbsp;12.1%, signaling&nbsp;that shoppers&nbsp;are able and willing to transact more in person now.&nbsp;</p>\n<p>Costco is a&nbsp;recession-proof business&nbsp;that does well in good and bad economic times, which provides the safety investors want in a forever stock. Moreover, the reliance on membership fees, of which Costco generated $901&nbsp;million&nbsp;last quarter, allows the company to keep prices very low. As of March 31, Costco had 109.8&nbsp;million&nbsp;membership cardholders.&nbsp;</p>\n<p>Costco has and will continue to gain from its relentless focus to pass on savings to customers. This consumer-friendly fixation makes it difficult for rivals to compete and makes the business that much more loved by its shoppers.&nbsp;</p>\n<h2>2. Home Depot</h2>\n<p><b>Home Depot</b>&nbsp;(NYSE:HD) has grown to a $331 billion business because people love to spend on their homes. Again, this facet of human nature will never change, and it was on full display over the past year. Home Depot's revenue in fiscal 2020 increased 19.9%, the fastest annual gain in at least a decade. As consumers spent more time indoors and shifted spending away from travel, entertainment, and leisure, Home Depot benefited greatly.&nbsp;</p>\n<p>And even as we slowly recover from the pandemic, the&nbsp;momentum is still strong. Same-store sales (or comps) in the most recent quarter shot&nbsp;up 31%, continuing an acceleration over the past four quarters. The housing market is on fire, supported by still historically low interest rates and rising home prices, all of which support demand for Home Depot's products.&nbsp;</p>\n<p>The company serves both do-it-yourself (DIY) and professional (Pro) customers. The former outperformed during 2020, but the latter is reemerging as a real growth driver as people require work on bigger projects and are more comfortable allowing contractors into their homes. Additionally, a seamless omnichannel approach allows customers to shop Home Depot in whatever manner they like. In the most recent quarter, 55%&nbsp;of online orders were actually fulfilled at a store.&nbsp;</p>\n<p>Home Depot&nbsp;paid $1.8 billion in dividends in the first quarter, and also bought back $4 billion worth of shares. Focusing on returning excess cash to shareholders further boosts investor returns.&nbsp;</p>\n<h2>3. Starbucks</h2>\n<p><b>Starbucks</b>&nbsp;(NASDAQ:SBUX), the ubiquitous coffeehouse chain with nearly 33,000&nbsp;locations worldwide, is arguably an even more important part of people's daily lives than the previous two&nbsp;companies. Americans (and the rest of the world) need their caffeine fix, and Starbucks is there to deliver.&nbsp;</p>\n<p>The business is&nbsp;back to registering growth in the U.S. following a huge slowdown last year. With 22.9 million&nbsp;active rewards members, Starbucks' top-notch loyalty program encourages repeat business. In the most recent quarter, a whopping 52% of sales at U.S. company-operated stores were from these rewards-program customers.&nbsp;</p>\n<p>You may think there isn't much growth left for this powerful brand that already has stores basically everywhere, but think again. During the investor day presentation last December, CFO Patrick Grismer claimed that by 2030, Starbucks plans to have 55,000 outlets in 100 markets globally. This 67% increase would make it the largest restaurant chain in the world. With revenue of $23.8 billion over the past 12 months, this ambitious goal should certainly boost that number significantly.&nbsp;</p>\n<p>Expect China, where comps soared 91%&nbsp;in the most recent quarter, to be a major growth driver going forward. Starbucks plans to open&nbsp;600&nbsp;net new stores in the country just in this fiscal year.&nbsp;</p>\n<h2>Boring is beautiful&nbsp;</h2>\n<p>All three of these companies are absolutely essential in their customers' lives. Without Costco, Home Depot, or Starbucks, people wouldn't be able to get the things they desperately need. Furthermore, they all benefit from strong competitive advantages that protect them from rival firms.&nbsp;</p>\n<p>In the future, we know with a high level of confidence that the products that these businesses sell will still be in high demand. This is the primary reason why they are three stocks you can keep forever.&nbsp;</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>3 Stocks You Can Keep Forever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks You Can Keep Forever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-26 10:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/25/3-stocks-you-can-keep-forever/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When looking for investments that have the potential to be held forever, it's beneficial not to only look at the latest technological craze or most disruptive businesses. As Amazon founder Jeff Bezos ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/25/3-stocks-you-can-keep-forever/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBUX":"星巴克","HD":"家得宝","COST":"好市多"},"source_url":"https://www.fool.com/investing/2021/06/25/3-stocks-you-can-keep-forever/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146107083","content_text":"When looking for investments that have the potential to be held forever, it's beneficial not to only look at the latest technological craze or most disruptive businesses. As Amazon founder Jeff Bezos believes, the focus should be on what stays the same, as opposed to what we think might change in the future. \nThis means that sticking to boring, steady, and predictable companies can be a worthwhile strategy. Fitting this description, here are three stocks you can keep forever.\nImage source: Getty Images.\n1. Costco Wholesale\nCostco Wholesale (NASDAQ:COST), with its 809 warehouses around the world, generated sales of $44.4 billion in the most recent quarter, a 21.7% jump from the prior-year period. As one of the world's largest retailers, Costco was a mission-critical business during the onset of the coronavirus pandemic. Consumers visited stores to shop for everything from cleaning supplies to food. \nThe company's operations haven't changed much over time, and they likely won't anytime soon. Even e-commerce sales, which expanded rapidly over the past year and grew 41.2% in the most recent quarter, are slowing down. During the month of May, online revenue rose just 12.1%, signaling that shoppers are able and willing to transact more in person now. \nCostco is a recession-proof business that does well in good and bad economic times, which provides the safety investors want in a forever stock. Moreover, the reliance on membership fees, of which Costco generated $901 million last quarter, allows the company to keep prices very low. As of March 31, Costco had 109.8 million membership cardholders. \nCostco has and will continue to gain from its relentless focus to pass on savings to customers. This consumer-friendly fixation makes it difficult for rivals to compete and makes the business that much more loved by its shoppers. \n2. Home Depot\nHome Depot (NYSE:HD) has grown to a $331 billion business because people love to spend on their homes. Again, this facet of human nature will never change, and it was on full display over the past year. Home Depot's revenue in fiscal 2020 increased 19.9%, the fastest annual gain in at least a decade. As consumers spent more time indoors and shifted spending away from travel, entertainment, and leisure, Home Depot benefited greatly. \nAnd even as we slowly recover from the pandemic, the momentum is still strong. Same-store sales (or comps) in the most recent quarter shot up 31%, continuing an acceleration over the past four quarters. The housing market is on fire, supported by still historically low interest rates and rising home prices, all of which support demand for Home Depot's products. \nThe company serves both do-it-yourself (DIY) and professional (Pro) customers. The former outperformed during 2020, but the latter is reemerging as a real growth driver as people require work on bigger projects and are more comfortable allowing contractors into their homes. Additionally, a seamless omnichannel approach allows customers to shop Home Depot in whatever manner they like. In the most recent quarter, 55% of online orders were actually fulfilled at a store. \nHome Depot paid $1.8 billion in dividends in the first quarter, and also bought back $4 billion worth of shares. Focusing on returning excess cash to shareholders further boosts investor returns. \n3. Starbucks\nStarbucks (NASDAQ:SBUX), the ubiquitous coffeehouse chain with nearly 33,000 locations worldwide, is arguably an even more important part of people's daily lives than the previous two companies. Americans (and the rest of the world) need their caffeine fix, and Starbucks is there to deliver. \nThe business is back to registering growth in the U.S. following a huge slowdown last year. With 22.9 million active rewards members, Starbucks' top-notch loyalty program encourages repeat business. In the most recent quarter, a whopping 52% of sales at U.S. company-operated stores were from these rewards-program customers. \nYou may think there isn't much growth left for this powerful brand that already has stores basically everywhere, but think again. During the investor day presentation last December, CFO Patrick Grismer claimed that by 2030, Starbucks plans to have 55,000 outlets in 100 markets globally. This 67% increase would make it the largest restaurant chain in the world. With revenue of $23.8 billion over the past 12 months, this ambitious goal should certainly boost that number significantly. \nExpect China, where comps soared 91% in the most recent quarter, to be a major growth driver going forward. Starbucks plans to open 600 net new stores in the country just in this fiscal year. \nBoring is beautiful \nAll three of these companies are absolutely essential in their customers' lives. Without Costco, Home Depot, or Starbucks, people wouldn't be able to get the things they desperately need. Furthermore, they all benefit from strong competitive advantages that protect them from rival firms. \nIn the future, we know with a high level of confidence that the products that these businesses sell will still be in high demand. This is the primary reason why they are three stocks you can keep forever.","news_type":1},"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122198757,"gmtCreate":1624602021679,"gmtModify":1703841484892,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Thank you&nbsp;","listText":"Thank you&nbsp;","text":"Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122198757","repostId":"2146025387","repostType":4,"repost":{"id":"2146025387","kind":"news","pubTimestamp":1624598700,"share":"https://ttm.financial/m/news/2146025387?lang=&edition=fundamental","pubTime":"2021-06-25 13:25","market":"us","language":"en","title":"Faraday Future Announces Effectiveness of Registration Statement for the Business Combination of FF and Property Solutions Acquisition Corp.","url":"https://stock-news.laohu8.com/highlight/detail?id=2146025387","media":"Business Wire","summary":"Special Meeting of Property Solutions Acquisition Corp. (\"PSAC\") will be held on July 20, 2021 to ap","content":"<ul>\n <li>Special Meeting of <a href=\"https://laohu8.com/S/PSAC\">Property Solutions Acquisition Corp</a>. (\"PSAC\") will be held on July 20, 2021 to approve the business combination with Faraday Future</li>\n <li>Following the closing, the combined company’s stock and warrants are expected to trade under the ticker symbols \"FFIE\" and \"FFIEW\", respectively</li>\n <li>PSAC’s stockholders as of June 21, 2021 are encouraged to submit their votes promptly. PSAC stockholders with questions on how to vote should visit http://vote.ff.com/ or contact Morrow Sodali LLC at PSAC.info@investor.morrowsodali.com.</li>\n</ul>\n<p><b>LOS ANGELES, June 24, 2021</b>--(BUSINESS WIRE)--Faraday Future (\"FF\"), a California-based global shared intelligent mobility ecosystem company, announced today that the Registration Statement on Form S-4 filed by PSAC formally became effective. The special meeting of PSAC stockholders will be held on July 20, 2021, to approve the business combination of PSAC with Faraday Future. Following closing, the combined company’s stock and warrants are expected to trade on NASDAQ under the ticker symbols \"FFIE\" and \"FFIEW\", respectively. The I in \"FFIE\" stands for Intelligent and Internet. The E represents Ecosystem and Electric. Merger to provide an estimated $1.0 billion of gross proceeds to Faraday Future (\"FF\"), including $230 million in cash held by PSAC in trust assuming no redemptions. Transaction is expected to fully fund the production of class defining ultimate-performance luxury electric FF 91 within 12 months of transaction close.</p>\n<p>PSAC’s stockholder meeting is expected to be held on July 20, 2021 at 11:00 a.m. ET virtually at https://www.cstproxy.com/propertysolutionsacquisition/sm2021 to approve the business combination. PSAC stockholders who wish to participate in the PSAC stockholder meeting must register in advance at https://www.cstproxy.com/propertysolutionsacquisition/sm2021.</p>\n<p>\"The merger and listing with PSAC is an important milestone for FF, which is accomplished with the firm commitment of our employees, suppliers, global partners, and the city of Hanford, California,\" said Dr. Carsten Breitfeld, Global CEO of Faraday Future. \"This business combination will enable us to launch a new species, FF 91, an ultimate-intelligent tech-luxury electric vehicle, with the purpose of realizing the original intent of our founder and inviting user and shareholder participation in shaping an innovative future mobility ecosystem.\"</p>\n<p>PSAC stockholders as of the June 21, 2021 record date should submit their votes by 11:59 PM Eastern Time on July 19, 2021. Stockholders who need additional proxy materials or have questions regarding the special meeting, may contact PSAC’s proxy solicitor, Morrow Sodali, toll-free at US: 1 (800) 252-1959 or banks and brokers can call 1 (203) 658-9400, International: 1 (289) 695-3075 or send an email to PSAC.info@investor.morrowsodali.com.</p>\n<p>The proxy statement and the voting instruction form can be accessed on the U.S. Securities and Exchange Commission (\"SEC\") website (www.sec.gov), and PSAC stockholders can also click on the following website to view: https://www.cstproxy.com/propertysolutionsacquisition/sm2021.</p>\n<p>We encourage PSAC stockholders to read the final proxy statement and voting instruction form, which contains important information about the transaction with FF, the background of the merger and listing of PSAC and FF, and the reasons why the PSAC board of directors unanimously recommended PSAC’s stockholders to vote for the merger with FF. Detailed voting instructions can be found at: http://vote.ff.com/. After obtaining PSAC stockholders’ approval and meeting other customary closing conditions, the business combination is scheduled to close on July 21, 2021.</p>\n<p>\"We are very pleased to reach this milestone in the transaction process,\" said PSAC chairman and Co-CEO Jordan Vogel. \"We encourage PSAC’s stockholders to approve the business combination and look forward to completing the proposed transaction with FF and continuing with the next chapter of FF as a public company.\"</p>\n<p>FF has been committed to promoting the transformation of the automotive industry through product and technological innovation, business model innovation, user ecosystem innovation and governance structure innovation. With I.A.I as the core driving force, FF has created a smart driving platform and a third Internet living space.</p>\n<p>The FF 91 is FF’s flagship product offering, and features an industry-leading 1,050 HP, 0-60 mph sprint in less than 2.4 seconds, zero gravity rear seats with the industry's largest reclining seat angle of 60 degrees, and a revolutionary user experience designed to create a mobile, connected, and luxurious third Internet living space. FF 91 is scheduled to be delivered within twelve months after the business combination is closed.</p>\n<p>Users can reserve an FF 91 now at: https://www.ff.com/us/reserve.</p>\n<p><b>ABOUT FARADAY <a href=\"https://laohu8.com/S/FUTR.UK\">FUTURE</a></b></p>\n<p>Established in May 2014, Faraday Future (FF) is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. FF's vision is to create a shared intelligent mobility ecosystem that empowers everyone to move, connect, breathe, and live freely. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. With the FF 91, FF has envisioned a vehicle that redefines transportation, mobility, and connectivity, creating a true \"third Internet living space,\" complementing users’ home and smartphone Internet experience.</p>","source":"yahoofinance","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>Faraday Future Announces Effectiveness of Registration Statement for the Business Combination of FF and Property Solutions Acquisition Corp.</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\">\nFaraday Future Announces Effectiveness of Registration Statement for the Business Combination of FF and Property Solutions Acquisition Corp.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 13:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/faraday-future-announces-effectiveness-registration-210000939.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Special Meeting of Property Solutions Acquisition Corp. (\"PSAC\") will be held on July 20, 2021 to approve the business combination with Faraday Future\nFollowing the closing, the combined company’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/faraday-future-announces-effectiveness-registration-210000939.html\">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://finance.yahoo.com/news/faraday-future-announces-effectiveness-registration-210000939.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146025387","content_text":"Special Meeting of Property Solutions Acquisition Corp. (\"PSAC\") will be held on July 20, 2021 to approve the business combination with Faraday Future\nFollowing the closing, the combined company’s stock and warrants are expected to trade under the ticker symbols \"FFIE\" and \"FFIEW\", respectively\nPSAC’s stockholders as of June 21, 2021 are encouraged to submit their votes promptly. PSAC stockholders with questions on how to vote should visit http://vote.ff.com/ or contact Morrow Sodali LLC at PSAC.info@investor.morrowsodali.com.\n\nLOS ANGELES, June 24, 2021--(BUSINESS WIRE)--Faraday Future (\"FF\"), a California-based global shared intelligent mobility ecosystem company, announced today that the Registration Statement on Form S-4 filed by PSAC formally became effective. The special meeting of PSAC stockholders will be held on July 20, 2021, to approve the business combination of PSAC with Faraday Future. Following closing, the combined company’s stock and warrants are expected to trade on NASDAQ under the ticker symbols \"FFIE\" and \"FFIEW\", respectively. The I in \"FFIE\" stands for Intelligent and Internet. The E represents Ecosystem and Electric. Merger to provide an estimated $1.0 billion of gross proceeds to Faraday Future (\"FF\"), including $230 million in cash held by PSAC in trust assuming no redemptions. Transaction is expected to fully fund the production of class defining ultimate-performance luxury electric FF 91 within 12 months of transaction close.\nPSAC’s stockholder meeting is expected to be held on July 20, 2021 at 11:00 a.m. ET virtually at https://www.cstproxy.com/propertysolutionsacquisition/sm2021 to approve the business combination. PSAC stockholders who wish to participate in the PSAC stockholder meeting must register in advance at https://www.cstproxy.com/propertysolutionsacquisition/sm2021.\n\"The merger and listing with PSAC is an important milestone for FF, which is accomplished with the firm commitment of our employees, suppliers, global partners, and the city of Hanford, California,\" said Dr. Carsten Breitfeld, Global CEO of Faraday Future. \"This business combination will enable us to launch a new species, FF 91, an ultimate-intelligent tech-luxury electric vehicle, with the purpose of realizing the original intent of our founder and inviting user and shareholder participation in shaping an innovative future mobility ecosystem.\"\nPSAC stockholders as of the June 21, 2021 record date should submit their votes by 11:59 PM Eastern Time on July 19, 2021. Stockholders who need additional proxy materials or have questions regarding the special meeting, may contact PSAC’s proxy solicitor, Morrow Sodali, toll-free at US: 1 (800) 252-1959 or banks and brokers can call 1 (203) 658-9400, International: 1 (289) 695-3075 or send an email to PSAC.info@investor.morrowsodali.com.\nThe proxy statement and the voting instruction form can be accessed on the U.S. Securities and Exchange Commission (\"SEC\") website (www.sec.gov), and PSAC stockholders can also click on the following website to view: https://www.cstproxy.com/propertysolutionsacquisition/sm2021.\nWe encourage PSAC stockholders to read the final proxy statement and voting instruction form, which contains important information about the transaction with FF, the background of the merger and listing of PSAC and FF, and the reasons why the PSAC board of directors unanimously recommended PSAC’s stockholders to vote for the merger with FF. Detailed voting instructions can be found at: http://vote.ff.com/. After obtaining PSAC stockholders’ approval and meeting other customary closing conditions, the business combination is scheduled to close on July 21, 2021.\n\"We are very pleased to reach this milestone in the transaction process,\" said PSAC chairman and Co-CEO Jordan Vogel. \"We encourage PSAC’s stockholders to approve the business combination and look forward to completing the proposed transaction with FF and continuing with the next chapter of FF as a public company.\"\nFF has been committed to promoting the transformation of the automotive industry through product and technological innovation, business model innovation, user ecosystem innovation and governance structure innovation. With I.A.I as the core driving force, FF has created a smart driving platform and a third Internet living space.\nThe FF 91 is FF’s flagship product offering, and features an industry-leading 1,050 HP, 0-60 mph sprint in less than 2.4 seconds, zero gravity rear seats with the industry's largest reclining seat angle of 60 degrees, and a revolutionary user experience designed to create a mobile, connected, and luxurious third Internet living space. FF 91 is scheduled to be delivered within twelve months after the business combination is closed.\nUsers can reserve an FF 91 now at: https://www.ff.com/us/reserve.\nABOUT FARADAY FUTURE\nEstablished in May 2014, Faraday Future (FF) is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. FF's vision is to create a shared intelligent mobility ecosystem that empowers everyone to move, connect, breathe, and live freely. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. With the FF 91, FF has envisioned a vehicle that redefines transportation, mobility, and connectivity, creating a true \"third Internet living space,\" complementing users’ home and smartphone Internet experience.","news_type":1},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122191511,"gmtCreate":1624601970233,"gmtModify":1703841483438,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122191511","repostId":"1180366049","repostType":4,"repost":{"id":"1180366049","kind":"news","pubTimestamp":1624598362,"share":"https://ttm.financial/m/news/1180366049?lang=&edition=fundamental","pubTime":"2021-06-25 13:19","market":"us","language":"en","title":"Panasonic sells Tesla stake for $3.6 billion, may use cash for strategic investments","url":"https://stock-news.laohu8.com/highlight/detail?id=1180366049","media":"Reuters","summary":"TOKYO (Reuters) -Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion","content":"<p>TOKYO (Reuters) -Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday.</p>\n<p>The sale comes as the bicycles-to-hair dryers conglomerate is seeking to reduce its dependence on Tesla and raise cash for investing in growth.</p>\n<p>Panasonic’s battery business is dominated by Elon Musk’s Tesla, but the two firms have had a tense relationship at times with executives trading barbs publicly.</p>\n<p>Panasonic bought 1.4 million Tesla shares at $21.15 each in 2010 for about $30 million. That stake was worth $730 million at the end of March 2020. The shares have gained almost seven fold since then and closed up 3.5% at $679.82 apiece on Thursday.</p>\n<p>“The impact of crypto assets may have pushed Tesla’s share price above its intrinsic value, making it a good time to sell,” said Hideki Yasuda, an analyst at Ace Research Institute.</p>\n<p>Musk said in February his firm bought bitcoin and would take payment in the cryptocurrency, a decision he later reversed, and his comments on Twitter drive swings in the price of such assets.</p>\n<p>While Panasonic gave financial backing to Tesla when it was smaller, the automaker’s expansion means there’s no need for capital ties, Yasuda added. Panasonic’s shares were up 4.2% on Friday.</p>\n<p>The stake sale will not affect the partnership with Tesla, the Panasonic spokesperson said, but comes as the automaker is diversifying its own battery supply chain.</p>\n<p>Tesla has struck deals with South Korea’s LG Energy Solution, a unit of LG Chem, and China’s CATL, with Reuters reporting the latter is planning a plant in Shanghai near the automaker’s production base.</p>\n<p>Panasonic said earlier this year it would buy the shareshereof U.S. supply-chain software company Blue Yonder that it does not already own, in a $7.1 billion deal. Its biggest such deal in a decade, the price raised the eyebrows of analysts who pointed to the firm's spotty M&amp;A track record.</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>Panasonic sells Tesla stake for $3.6 billion, may use cash for strategic investments</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\">\nPanasonic sells Tesla stake for $3.6 billion, may use cash for strategic investments\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 13:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/panasonic-tesla/update-4-panasonic-sells-tesla-stake-for-3-6-bln-may-use-cash-for-strategic-investments-idUSL2N2O6374><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOKYO (Reuters) -Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday...</p>\n\n<a href=\"https://www.reuters.com/article/panasonic-tesla/update-4-panasonic-sells-tesla-stake-for-3-6-bln-may-use-cash-for-strategic-investments-idUSL2N2O6374\">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","PCRFY":"松下"},"source_url":"https://www.reuters.com/article/panasonic-tesla/update-4-panasonic-sells-tesla-stake-for-3-6-bln-may-use-cash-for-strategic-investments-idUSL2N2O6374","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180366049","content_text":"TOKYO (Reuters) -Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday.\nThe sale comes as the bicycles-to-hair dryers conglomerate is seeking to reduce its dependence on Tesla and raise cash for investing in growth.\nPanasonic’s battery business is dominated by Elon Musk’s Tesla, but the two firms have had a tense relationship at times with executives trading barbs publicly.\nPanasonic bought 1.4 million Tesla shares at $21.15 each in 2010 for about $30 million. That stake was worth $730 million at the end of March 2020. The shares have gained almost seven fold since then and closed up 3.5% at $679.82 apiece on Thursday.\n“The impact of crypto assets may have pushed Tesla’s share price above its intrinsic value, making it a good time to sell,” said Hideki Yasuda, an analyst at Ace Research Institute.\nMusk said in February his firm bought bitcoin and would take payment in the cryptocurrency, a decision he later reversed, and his comments on Twitter drive swings in the price of such assets.\nWhile Panasonic gave financial backing to Tesla when it was smaller, the automaker’s expansion means there’s no need for capital ties, Yasuda added. Panasonic’s shares were up 4.2% on Friday.\nThe stake sale will not affect the partnership with Tesla, the Panasonic spokesperson said, but comes as the automaker is diversifying its own battery supply chain.\nTesla has struck deals with South Korea’s LG Energy Solution, a unit of LG Chem, and China’s CATL, with Reuters reporting the latter is planning a plant in Shanghai near the automaker’s production base.\nPanasonic said earlier this year it would buy the shareshereof U.S. supply-chain software company Blue Yonder that it does not already own, in a $7.1 billion deal. Its biggest such deal in a decade, the price raised the eyebrows of analysts who pointed to the firm's spotty M&A track record.","news_type":1},"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128206582,"gmtCreate":1624516481146,"gmtModify":1703839062991,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128206582","repostId":"2145012223","repostType":4,"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123738461,"gmtCreate":1624438288753,"gmtModify":1703836686969,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Alright&nbsp;","listText":"Alright&nbsp;","text":"Alright","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123738461","repostId":"1141521414","repostType":4,"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120487794,"gmtCreate":1624332580518,"gmtModify":1703833747790,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"To the moon&nbsp;","listText":"To the moon&nbsp;","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120487794","repostId":"2145037589","repostType":4,"isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167315858,"gmtCreate":1624246927074,"gmtModify":1703831490438,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167315858","repostId":"1166259530","repostType":4,"repost":{"id":"1166259530","kind":"news","pubTimestamp":1624244921,"share":"https://ttm.financial/m/news/1166259530?lang=&edition=fundamental","pubTime":"2021-06-21 11:08","market":"us","language":"en","title":"Porsche To Set Up Joint Venture To Make High-Performance Battery Cells: Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1166259530","media":"benzinga","summary":"Porsche, owned by Volkswagen AG,is setting up a joint venture with German battery maker Customcells ","content":"<ul>\n <li>Porsche, owned by&nbsp;<b>Volkswagen AG</b>,is setting up a joint venture with German battery maker&nbsp;<b>Customcells</b>&nbsp;to produce high-performance battery cells,&nbsp;Bloomberg&nbsp;reports.</li>\n <li>According to the report, these battery cells will help vehicles reduce charging times, providing better performance.</li>\n <li>The new joint venture will produce batteries with higher energy density than prototypes used in Porsche's current electric cars. The production will begin in 2024.</li>\n <li>The company will use silicon as anode material for higher energy density and a more compact battery.</li>\n <li>Porsche will invest a high double-digit million euro sum in the joint venture and have an 83.75% stake in the joint venture called Cellforce Group.</li>\n <li><i>Related Link:For more electric vehicle news, check out Benzinga's EV hub.</i></li>\n <li>The production will take place in Tübingen, south of Stuttgart, Germany, and will have a capacity of 100 kilowatt-hours. This will translate into about enough batteries for 1,000 cars a year.</li>\n <li>The company has said that it will continue to test its battery technology in motorsports.</li>\n <li>In February,&nbsp;Porsche&nbsp;announced that it would invest $18.1 billion in the electrification of its vehicles over the next five years.</li>\n <li>Earlier, Volkswagen has said that it will continue to offer the Porsche&nbsp;911 model with internal combustion engines, albeit able to handle synthetic fuels.</li>\n <li>Volkswagen plans to build battery cell plants across Europe and expand infrastructure to charge electric vehicles globally.</li>\n</ul>","source":"lsy1606299360108","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>Porsche To Set Up Joint Venture To Make High-Performance Battery Cells: Report</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\">\nPorsche To Set Up Joint Venture To Make High-Performance Battery Cells: Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 11:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/06/21636780/porsche-to-set-up-joint-venture-to-make-high-performance-battery-cells-report><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Porsche, owned by Volkswagen AG,is setting up a joint venture with German battery maker Customcells to produce high-performance battery cells, Bloomberg reports.\nAccording to the report, these battery...</p>\n\n<a href=\"https://www.benzinga.com/news/21/06/21636780/porsche-to-set-up-joint-venture-to-make-high-performance-battery-cells-report\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VWAGY":"大众汽车ADR"},"source_url":"https://www.benzinga.com/news/21/06/21636780/porsche-to-set-up-joint-venture-to-make-high-performance-battery-cells-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166259530","content_text":"Porsche, owned by Volkswagen AG,is setting up a joint venture with German battery maker Customcells to produce high-performance battery cells, Bloomberg reports.\nAccording to the report, these battery cells will help vehicles reduce charging times, providing better performance.\nThe new joint venture will produce batteries with higher energy density than prototypes used in Porsche's current electric cars. The production will begin in 2024.\nThe company will use silicon as anode material for higher energy density and a more compact battery.\nPorsche will invest a high double-digit million euro sum in the joint venture and have an 83.75% stake in the joint venture called Cellforce Group.\nRelated Link:For more electric vehicle news, check out Benzinga's EV hub.\nThe production will take place in Tübingen, south of Stuttgart, Germany, and will have a capacity of 100 kilowatt-hours. This will translate into about enough batteries for 1,000 cars a year.\nThe company has said that it will continue to test its battery technology in motorsports.\nIn February, Porsche announced that it would invest $18.1 billion in the electrification of its vehicles over the next five years.\nEarlier, Volkswagen has said that it will continue to offer the Porsche 911 model with internal combustion engines, albeit able to handle synthetic fuels.\nVolkswagen plans to build battery cell plants across Europe and expand infrastructure to charge electric vehicles globally.","news_type":1},"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164921048,"gmtCreate":1624166808084,"gmtModify":1703830016601,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164921048","repostId":"1161408410","repostType":4,"repost":{"id":"1161408410","kind":"news","pubTimestamp":1624065771,"share":"https://ttm.financial/m/news/1161408410?lang=&edition=fundamental","pubTime":"2021-06-19 09:22","market":"us","language":"en","title":"Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie","url":"https://stock-news.laohu8.com/highlight/detail?id=1161408410","media":"benzinga","summary":"Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers,","content":"<p><i>Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.</i></p>\n<p>If you were living in the New York metropolitan area during the 1970s and 1980s, you probably remember the commercials for the Crazy Eddie electronics retail chain. They were impossible to miss:&nbsp;More than 7,500 spots featuring a frenetic, motor-mouthed spokesperson bombilating frenetically about the “in-saaaaaaaaane” discounts offered by the store.</p>\n<p>Crazy Eddie was never the biggest retail operation in the region. At its peak, there were only 43 locations spread across four states.</p>\n<p>But the ubiquity of the commercials made it seem more prominent than it actually was, and the excess attention eventually brought harsh spotlights on the financial chicanery perpetrated by its chief executive,<b>Eddie Antar.</b></p>\n<p><b>An Audacious Start:</b>Eddie Antar was born in Brooklyn, New York,&nbsp;on Dec. 18, 1947, the grandson of Syrian Jewish immigrants. Antar was an intelligent youth but found school boring, dropping out at 16 to work odd jobs before setting up a small stand at New York’s Port Authority in the heart of Manhattan where he sold portable televisions. While Antar belatedly realized he had the wrong product line in the wrong location, he used the experience to sharpen his sales skills.</p>\n<p>By 1969, Antar saved up enough money to go into business with his father Sam and cousin named Ronnie Gindi, creating a retail operation called ERS Electronics. They opened an electronics store in the Kings Highway business shopping district in Brooklyn called Sights and Sounds.</p>\n<p>At the time, small and independently-owned electronics retailers operated at a significant disadvantage against major chains due to the fair trade laws of the era that enabled manufacturers to establish a single standard retail price&nbsp;all retailers needed to list. To stand out from the competition, Antar challenged the laws by marking down his merchandise, thus offering a discount absent elsewhere in this retail sector.</p>\n<p>Some manufacturers got wise to this and refused to do business with Antar, but he circumvented their boycott by purchasing excess stock from other businesses and obtaining products through grey-market channels from overseas sources.</p>\n<p>The stress was great and Gindi eventually lost interest in the enterprise, selling his one-third of the business to Antar.</p>\n<p>But how could the store remain afloat financially through its seemingly reckless discounting? As Antar’s father Sam would later recall in an interview, the lo-fi nature of old-school retailing work&nbsp;enabled them to put their ethics on hold.</p>\n<p>“Back then, most customers paid in cash,” he said. “If we don’t disclose the sale, we keep the sales tax. That’s a good cushion to be able to afford to beat the competition.”</p>\n<p>Sights and Sounds began to attract bargain hunters from outside of Brooklyn and Antar turned into something of a one-man, in-store comedy show, going so far as taking the shoes of cash-strapped customers who wanted to buy stereos for deposits and jokingly preventing shoppers from leaving unless they made a purchase.</p>\n<p>Antar’s shtick was so amusing that his first wife Deborah came home one evening in 1971 with a story about how one of her co-workers was talking about his shopping trip to Sights and Sounds.</p>\n<p>The co-worker, who was unaware of Deborah’s connection to the store, talked happily about dealing with a salesperson that he dubbed “Crazy Eddie.” At that point, Antar decided to change the name of Sights and Sounds to Crazy Eddie.</p>\n<p><b>An Advertising Assault:</b>The fair trade law that initially stifled Antar and other smaller businesses was repealed in 1972. Antar’s aggressive discounting and colorful personality enabled him to prepare for a business expansion —&nbsp;he moved to a larger store on Kings Highway, then opened a location in the Long Island town of Syosset in 1973 and in the heart of Manhattan in 1975.</p>\n<p>Antar recognized how his larger competitors used advertising to their advantage, and in 1972 he began marketing his business over the airwaves via WPIX-FM, a popular music station that mixed rock oldies with current Top 40 hits. Antar created an ad copy script that would be read live on the air by Jerry Carroll, one of the station’s disk jockeys. But Carroll decided to improvise, reading the copy in a mock-frenzied manner and creating a new closing line with “Crazy Eddie —&nbsp;his prices are in-saaaaaaaaane.”</p>\n<p>Rather than be upset by the deviation to the script, Antar was ecstatic with Carroll’s flippant approach as&nbsp;his delivery stood out wildly from the other advertising running on the station. Antar contracted Carroll to be his on-air pitchman for radio, and in 1975 Carroll was brought in front of the cameras for a television campaign.</p>\n<p>It was through the television commercials&nbsp;Crazy Eddie became the center of consumer attention. For the next 10 years, the commercials offered endless variations on the same set-up: Carroll wore the same outfit — a dark blazer and a turtleneck sweater —&nbsp;and stood surrounded by displays of the electronics being peddled.</p>\n<p>Each commercial ran about 30 seconds, but Carroll spoke so rapidly that it seemed he was trying to cover 60 seconds of a script in half of his allotted time.</p>\n<p>Carroll’s physical delivery was comically spastic, with flailing arms, bulging eyes and the most manic smile this side of the Joker.</p>\n<p>He would inevitably challenge shoppers to “shop around, get the best prices you can find, then bring ’em to Crazy Eddie and he’ll beat ’em.” And each commercial ended with Carroll stretching his arms out while proclaiming, “Crazy Eddie —&nbsp;his prices are in-saaaaaaaaane.”</p>\n<p>There would be a few variations to the presentation, including a Christmas season ad campaign and a “Christmas in August” summertime effort with Carroll dressed in a Santa suit while being pelted with Styrofoam snowballs and papery snowflakes.</p>\n<p>A couple of movie spoof spots put Carroll in parodies of “Casablanca,” “Saturday Night Fever,” “Superman” and “10,” and one ad had a man in a gorilla suit grunting dialogue while subtitles offered simian-to-English translations.</p>\n<p><b>Not So Funny:</b>After the commercials came on in full force, Crazy Eddie generated $350 million in annual revenue during its prime years.</p>\n<p>But as Crazy Eddie grew, Antar’s approach to business became more problematic: cash payments were not recorded, the sales tax was pocketed and employees received off-the-books pay rather than paychecks that clearly deducted federal and state taxes.</p>\n<p>Antar helped finance his cousin Sam Antar’s college education and brought him on as a chief financial officer, but Sam would later recall this was not done out of love of family.</p>\n<p>“The whole purpose of the business was to commit premeditated fraud,” Sam recounted in an interview with MentalFloss.com. “My family put me through college to help them commit more sophisticated fraud in the future. I was trained to be a criminal.</p>\n<p>\"People have a certain idea of Crazy Eddie —&nbsp;in reality, it was a dark criminal enterprise.”</p>\n<p>Antar initially kept his ill-gotten gains hidden within his home, but later began sending the money far into the world. Offshore bank accounts in Canada, Gibraltar, Israel, Liberia, Luxembourg, Panama and Switzerland were set up, and by the early 1980s, Antar and his family were skimming upwards of $4 million annually in unreported income and unpaid taxes.</p>\n<p>Eventually, the graft became too big to easily hide. The solution, Antar theorized, was not to hide but to be in the greatest spotlight imaginable:&nbsp;Antar decided to take Crazy Eddie public.</p>\n<p><b>Hello, Wall Street:</b>Crazy Eddie conducted its initial public offering on Sept. 13, 1984, taking the NASDAQ symbol CRZY. The popularity of the television commercials helped bring in the initial wave of investor interest, while gourmet-level cooked books gave the phony impression of a well-run retail operation.</p>\n<p>Two years after first trading at $8 a share, Crazy Eddie stock was at a split-adjusted $75 per share.</p>\n<p>Why Antar believed he could continue with his shenanigans amid the added scrutiny given to public companies is a mystery, but by 1987 he found himself in lethal shoals.</p>\n<p>The increased retail competition saw Crazy Eddie’s sales decline, resulting in a tumbling stock price.</p>\n<p>Antar announced his resignation in December 1986, but four months later he shocked shareholders by revealing he never stepped down —&nbsp;and&nbsp;while still at the helm, he sold off his shares in the company, gaining about $30 million in the transaction.</p>\n<p>The company had begun planning to go private when an outside investor group successfully agitated to take over what they believed to be a struggling but respectable company. But when their auditors came in, they were flabbergasted to find grossly exaggerated inventories of up to $28 million, $20 million in phony debit memos to vendors and sales reports that were closer to fiction than accountancy.</p>\n<p>The chain went bankrupt in 1989 and was forced to shut down its retail network. Federal and state investigations overwhelmed what remained of the Crazy Eddie and Antar was hit with an endless flurry of lawsuits.</p>\n<p>\"By any measure, this is a staggering securities fraud,\" said<b>Michael Chertoff</b>, the U.S. Attorney for New Jersey, who accused the Antars of creating \"a giant bubble\" rather than a successful business.</p>\n<p>By 1990, Antar disappeared after failing to appear at a court hearing. He obtained a phony U.S. passport issued to “Harry Page Shalom” and left the country. After a two-year global search, he was located in 1992 in a Tel Aviv suburb living under the name Alexander Stewart.</p>\n<p>Antar was brought back to the U.S. to find his cousin Sam Antar had taken a plea deal with federal prosecutors and agreed to testify against him in court.</p>\n<p>“There’s no better motivator than a 20-year prison term,” Sam Antar stated. “I didn’t cooperate because I found God. I cooperated to save my ass.”</p>\n<p>In July 2013, Antar was found guilty of 17 counts of fraud and sentenced to 12½ years in prison. Two years later, his verdicts were overturned on appeal.</p>\n<p>Rather than face the stress of another trial, Antar pleaded guilty to federal fraud charges in May 1996 and was sentenced in 1997 to eight years in prison.</p>\n<p><b>The Legend Lives On:</b>Antar was released after four years in prison and federal law enforcement officials managed to find more than $120 million from his offshore bank accounts, which was repaid to investors.</p>\n<p>Several attempts occurred over the subsequent years to revive the Crazy Eddie brand, first as a brick-and-mortar retailer and then as an e-commerce venture, but all of these efforts failed.</p>\n<p>In June 2019,<b>Jon Turteltaub</b>, the director of the “National Treasure” film franchise, announced plans to make a biopic about Antar. But that project has yet to come to life.</p>\n<p>Many of the Crazy Eddie commercials can be found on YouTube, and marketing experts consider them to be among the most imaginative and successful examples of television advertising.</p>\n<p>Antar stayed out of the public light after leaving prison and died of complications from liver cancer on Sept. 10, 2016. He never publicly spoke about his past, although in a brief late-life exchange with a Newark Star-Ledger reporter he acknowledged the unique impact he had on retailing.</p>\n<p>“Everybody knows Crazy Eddie,” he said. “What can I tell you? I changed the business. I changed the whole business.”</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 09:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIf ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie\">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.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161408410","content_text":"Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIf you were living in the New York metropolitan area during the 1970s and 1980s, you probably remember the commercials for the Crazy Eddie electronics retail chain. They were impossible to miss: More than 7,500 spots featuring a frenetic, motor-mouthed spokesperson bombilating frenetically about the “in-saaaaaaaaane” discounts offered by the store.\nCrazy Eddie was never the biggest retail operation in the region. At its peak, there were only 43 locations spread across four states.\nBut the ubiquity of the commercials made it seem more prominent than it actually was, and the excess attention eventually brought harsh spotlights on the financial chicanery perpetrated by its chief executive,Eddie Antar.\nAn Audacious Start:Eddie Antar was born in Brooklyn, New York, on Dec. 18, 1947, the grandson of Syrian Jewish immigrants. Antar was an intelligent youth but found school boring, dropping out at 16 to work odd jobs before setting up a small stand at New York’s Port Authority in the heart of Manhattan where he sold portable televisions. While Antar belatedly realized he had the wrong product line in the wrong location, he used the experience to sharpen his sales skills.\nBy 1969, Antar saved up enough money to go into business with his father Sam and cousin named Ronnie Gindi, creating a retail operation called ERS Electronics. They opened an electronics store in the Kings Highway business shopping district in Brooklyn called Sights and Sounds.\nAt the time, small and independently-owned electronics retailers operated at a significant disadvantage against major chains due to the fair trade laws of the era that enabled manufacturers to establish a single standard retail price all retailers needed to list. To stand out from the competition, Antar challenged the laws by marking down his merchandise, thus offering a discount absent elsewhere in this retail sector.\nSome manufacturers got wise to this and refused to do business with Antar, but he circumvented their boycott by purchasing excess stock from other businesses and obtaining products through grey-market channels from overseas sources.\nThe stress was great and Gindi eventually lost interest in the enterprise, selling his one-third of the business to Antar.\nBut how could the store remain afloat financially through its seemingly reckless discounting? As Antar’s father Sam would later recall in an interview, the lo-fi nature of old-school retailing work enabled them to put their ethics on hold.\n“Back then, most customers paid in cash,” he said. “If we don’t disclose the sale, we keep the sales tax. That’s a good cushion to be able to afford to beat the competition.”\nSights and Sounds began to attract bargain hunters from outside of Brooklyn and Antar turned into something of a one-man, in-store comedy show, going so far as taking the shoes of cash-strapped customers who wanted to buy stereos for deposits and jokingly preventing shoppers from leaving unless they made a purchase.\nAntar’s shtick was so amusing that his first wife Deborah came home one evening in 1971 with a story about how one of her co-workers was talking about his shopping trip to Sights and Sounds.\nThe co-worker, who was unaware of Deborah’s connection to the store, talked happily about dealing with a salesperson that he dubbed “Crazy Eddie.” At that point, Antar decided to change the name of Sights and Sounds to Crazy Eddie.\nAn Advertising Assault:The fair trade law that initially stifled Antar and other smaller businesses was repealed in 1972. Antar’s aggressive discounting and colorful personality enabled him to prepare for a business expansion — he moved to a larger store on Kings Highway, then opened a location in the Long Island town of Syosset in 1973 and in the heart of Manhattan in 1975.\nAntar recognized how his larger competitors used advertising to their advantage, and in 1972 he began marketing his business over the airwaves via WPIX-FM, a popular music station that mixed rock oldies with current Top 40 hits. Antar created an ad copy script that would be read live on the air by Jerry Carroll, one of the station’s disk jockeys. But Carroll decided to improvise, reading the copy in a mock-frenzied manner and creating a new closing line with “Crazy Eddie — his prices are in-saaaaaaaaane.”\nRather than be upset by the deviation to the script, Antar was ecstatic with Carroll’s flippant approach as his delivery stood out wildly from the other advertising running on the station. Antar contracted Carroll to be his on-air pitchman for radio, and in 1975 Carroll was brought in front of the cameras for a television campaign.\nIt was through the television commercials Crazy Eddie became the center of consumer attention. For the next 10 years, the commercials offered endless variations on the same set-up: Carroll wore the same outfit — a dark blazer and a turtleneck sweater — and stood surrounded by displays of the electronics being peddled.\nEach commercial ran about 30 seconds, but Carroll spoke so rapidly that it seemed he was trying to cover 60 seconds of a script in half of his allotted time.\nCarroll’s physical delivery was comically spastic, with flailing arms, bulging eyes and the most manic smile this side of the Joker.\nHe would inevitably challenge shoppers to “shop around, get the best prices you can find, then bring ’em to Crazy Eddie and he’ll beat ’em.” And each commercial ended with Carroll stretching his arms out while proclaiming, “Crazy Eddie — his prices are in-saaaaaaaaane.”\nThere would be a few variations to the presentation, including a Christmas season ad campaign and a “Christmas in August” summertime effort with Carroll dressed in a Santa suit while being pelted with Styrofoam snowballs and papery snowflakes.\nA couple of movie spoof spots put Carroll in parodies of “Casablanca,” “Saturday Night Fever,” “Superman” and “10,” and one ad had a man in a gorilla suit grunting dialogue while subtitles offered simian-to-English translations.\nNot So Funny:After the commercials came on in full force, Crazy Eddie generated $350 million in annual revenue during its prime years.\nBut as Crazy Eddie grew, Antar’s approach to business became more problematic: cash payments were not recorded, the sales tax was pocketed and employees received off-the-books pay rather than paychecks that clearly deducted federal and state taxes.\nAntar helped finance his cousin Sam Antar’s college education and brought him on as a chief financial officer, but Sam would later recall this was not done out of love of family.\n“The whole purpose of the business was to commit premeditated fraud,” Sam recounted in an interview with MentalFloss.com. “My family put me through college to help them commit more sophisticated fraud in the future. I was trained to be a criminal.\n\"People have a certain idea of Crazy Eddie — in reality, it was a dark criminal enterprise.”\nAntar initially kept his ill-gotten gains hidden within his home, but later began sending the money far into the world. Offshore bank accounts in Canada, Gibraltar, Israel, Liberia, Luxembourg, Panama and Switzerland were set up, and by the early 1980s, Antar and his family were skimming upwards of $4 million annually in unreported income and unpaid taxes.\nEventually, the graft became too big to easily hide. The solution, Antar theorized, was not to hide but to be in the greatest spotlight imaginable: Antar decided to take Crazy Eddie public.\nHello, Wall Street:Crazy Eddie conducted its initial public offering on Sept. 13, 1984, taking the NASDAQ symbol CRZY. The popularity of the television commercials helped bring in the initial wave of investor interest, while gourmet-level cooked books gave the phony impression of a well-run retail operation.\nTwo years after first trading at $8 a share, Crazy Eddie stock was at a split-adjusted $75 per share.\nWhy Antar believed he could continue with his shenanigans amid the added scrutiny given to public companies is a mystery, but by 1987 he found himself in lethal shoals.\nThe increased retail competition saw Crazy Eddie’s sales decline, resulting in a tumbling stock price.\nAntar announced his resignation in December 1986, but four months later he shocked shareholders by revealing he never stepped down — and while still at the helm, he sold off his shares in the company, gaining about $30 million in the transaction.\nThe company had begun planning to go private when an outside investor group successfully agitated to take over what they believed to be a struggling but respectable company. But when their auditors came in, they were flabbergasted to find grossly exaggerated inventories of up to $28 million, $20 million in phony debit memos to vendors and sales reports that were closer to fiction than accountancy.\nThe chain went bankrupt in 1989 and was forced to shut down its retail network. Federal and state investigations overwhelmed what remained of the Crazy Eddie and Antar was hit with an endless flurry of lawsuits.\n\"By any measure, this is a staggering securities fraud,\" saidMichael Chertoff, the U.S. Attorney for New Jersey, who accused the Antars of creating \"a giant bubble\" rather than a successful business.\nBy 1990, Antar disappeared after failing to appear at a court hearing. He obtained a phony U.S. passport issued to “Harry Page Shalom” and left the country. After a two-year global search, he was located in 1992 in a Tel Aviv suburb living under the name Alexander Stewart.\nAntar was brought back to the U.S. to find his cousin Sam Antar had taken a plea deal with federal prosecutors and agreed to testify against him in court.\n“There’s no better motivator than a 20-year prison term,” Sam Antar stated. “I didn’t cooperate because I found God. I cooperated to save my ass.”\nIn July 2013, Antar was found guilty of 17 counts of fraud and sentenced to 12½ years in prison. Two years later, his verdicts were overturned on appeal.\nRather than face the stress of another trial, Antar pleaded guilty to federal fraud charges in May 1996 and was sentenced in 1997 to eight years in prison.\nThe Legend Lives On:Antar was released after four years in prison and federal law enforcement officials managed to find more than $120 million from his offshore bank accounts, which was repaid to investors.\nSeveral attempts occurred over the subsequent years to revive the Crazy Eddie brand, first as a brick-and-mortar retailer and then as an e-commerce venture, but all of these efforts failed.\nIn June 2019,Jon Turteltaub, the director of the “National Treasure” film franchise, announced plans to make a biopic about Antar. But that project has yet to come to life.\nMany of the Crazy Eddie commercials can be found on YouTube, and marketing experts consider them to be among the most imaginative and successful examples of television advertising.\nAntar stayed out of the public light after leaving prison and died of complications from liver cancer on Sept. 10, 2016. He never publicly spoke about his past, although in a brief late-life exchange with a Newark Star-Ledger reporter he acknowledged the unique impact he had on retailing.\n“Everybody knows Crazy Eddie,” he said. “What can I tell you? I changed the business. I changed the whole business.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164929923,"gmtCreate":1624166723262,"gmtModify":1703830012388,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Awesome&nbsp;","listText":"Awesome&nbsp;","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164929923","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162700604,"gmtCreate":1624073881608,"gmtModify":1703828273623,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Thank you&nbsp;","listText":"Thank you&nbsp;","text":"Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162700604","repostId":"2144086770","repostType":4,"repost":{"id":"2144086770","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624062134,"share":"https://ttm.financial/m/news/2144086770?lang=&edition=fundamental","pubTime":"2021-06-19 08:22","market":"us","language":"en","title":"Largest Boeing 737 MAX model takes off on maiden flight","url":"https://stock-news.laohu8.com/highlight/detail?id=2144086770","media":"Reuters","summary":"RENTON, Wash., June 18 (Reuters) - Boeing Co's 737 MAX 10, the largest member of its best-selling si","content":"<p>RENTON, Wash., June 18 (Reuters) - Boeing Co's 737 MAX 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday, in a further step toward recovering from the safety grounding of a smaller model.</p>\n<p>The plane completed a roughly 2-1/2-hour flight over Washington State, returning to Renton Municipal Airport near Seattle at 12:38 p.m.</p>\n<p>The first flight heralds months of testing and safety certification work before the jet is expected to enter service in 2023.</p>\n<p>In an unusual departure from the PR buzz surrounding first flights, the event was kept low-key as Boeing tries to navigate overlapping crises caused by a 20-month grounding in the wake of two crashes and the COVID-19 pandemic.</p>\n<p>Boeing's 230-seat 737-10 is designed to close the gap between its 178-to-220-seat 737-9, and Airbus's 185-to-240-seat A321neo, which dominates the top end of the narrowbody jet market, worth some $3.5 trillion over 20 years.</p>\n<p>However, the market opportunity for the 737 MAX 10 is constrained by the jet's range of about 3,300 nautical miles (6,100 km), which falls short of the A321neo's roughly 4,000 nm.</p>\n<p>Boeing must also complete safety certification of the plane under a tougher regulatory climate following two fatal crashes of a smaller 737 MAX version grounded the model for nearly two years - with a safety ban still in place in China.</p>\n<p>Boeing has carried out design and training changes on the MAX family, which returned to U.S. operations in December.</p>\n<p>Boeing Commercial Airplanes CEO Stan Deal said the company is producing about 16 737 MAX jets a month at its Renton factory.</p>\n<p>Boeing is working on safety enhancements for the 737 MAX 10, including for its air data indication system and adding a third cockpit indication requested by European regulators of the \"angle of attack,\" a parameter needed to avoid stalling or losing lift. Deal’s comments were provided to the media via a pool reporter inside a Boeing aircraft delivery center.</p>\n<p>\"We're going to take our time on this certification,\" Deal said.</p>\n<p>While the smaller MAX 8 is Boeing's fastest-selling jet, slow sales of the MAX 9 and 10 models have put Boeing at a disadvantage to the A321neo.</p>\n<p>Boeing has abandoned plans to tinker with the 737 MAX 10 design, but is weighing a bolder plan to replace the single-aisle 757, which overlaps with the top end of the MAX family.</p>\n<p>Even so, Boeing says it is confident in the MAX 10, and it is stepping up efforts to sell more of the jet, with key targets, including Ireland's Ryanair .</p>\n<p>Customers include United Airlines with 100 on order. Although sources say United is weighing a new order for at least 100 or even up to 200 MAX, its requirement for large single-aisles will be served by Airbus - reinforcing the market split.</p>\n<p>The flight, watched by dozens of employees but virtually no visitors as Boeing sought to downplay the event, showcased a revamped landing gear system illustrating an industry battle to squeeze as much mileage as possible out of the current generation of single-aisles.</p>\n<p>It raises the landing gear's height during take-off and landing, a design needed to compensate for the MAX 10's extra length and prevent the tail scraping the runway on take-off.</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>Largest Boeing 737 MAX model takes off on maiden flight</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\">\nLargest Boeing 737 MAX model takes off on maiden flight\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\">2021-06-19 08:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>RENTON, Wash., June 18 (Reuters) - Boeing Co's 737 MAX 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday, in a further step toward recovering from the safety grounding of a smaller model.</p>\n<p>The plane completed a roughly 2-1/2-hour flight over Washington State, returning to Renton Municipal Airport near Seattle at 12:38 p.m.</p>\n<p>The first flight heralds months of testing and safety certification work before the jet is expected to enter service in 2023.</p>\n<p>In an unusual departure from the PR buzz surrounding first flights, the event was kept low-key as Boeing tries to navigate overlapping crises caused by a 20-month grounding in the wake of two crashes and the COVID-19 pandemic.</p>\n<p>Boeing's 230-seat 737-10 is designed to close the gap between its 178-to-220-seat 737-9, and Airbus's 185-to-240-seat A321neo, which dominates the top end of the narrowbody jet market, worth some $3.5 trillion over 20 years.</p>\n<p>However, the market opportunity for the 737 MAX 10 is constrained by the jet's range of about 3,300 nautical miles (6,100 km), which falls short of the A321neo's roughly 4,000 nm.</p>\n<p>Boeing must also complete safety certification of the plane under a tougher regulatory climate following two fatal crashes of a smaller 737 MAX version grounded the model for nearly two years - with a safety ban still in place in China.</p>\n<p>Boeing has carried out design and training changes on the MAX family, which returned to U.S. operations in December.</p>\n<p>Boeing Commercial Airplanes CEO Stan Deal said the company is producing about 16 737 MAX jets a month at its Renton factory.</p>\n<p>Boeing is working on safety enhancements for the 737 MAX 10, including for its air data indication system and adding a third cockpit indication requested by European regulators of the \"angle of attack,\" a parameter needed to avoid stalling or losing lift. Deal’s comments were provided to the media via a pool reporter inside a Boeing aircraft delivery center.</p>\n<p>\"We're going to take our time on this certification,\" Deal said.</p>\n<p>While the smaller MAX 8 is Boeing's fastest-selling jet, slow sales of the MAX 9 and 10 models have put Boeing at a disadvantage to the A321neo.</p>\n<p>Boeing has abandoned plans to tinker with the 737 MAX 10 design, but is weighing a bolder plan to replace the single-aisle 757, which overlaps with the top end of the MAX family.</p>\n<p>Even so, Boeing says it is confident in the MAX 10, and it is stepping up efforts to sell more of the jet, with key targets, including Ireland's Ryanair .</p>\n<p>Customers include United Airlines with 100 on order. Although sources say United is weighing a new order for at least 100 or even up to 200 MAX, its requirement for large single-aisles will be served by Airbus - reinforcing the market split.</p>\n<p>The flight, watched by dozens of employees but virtually no visitors as Boeing sought to downplay the event, showcased a revamped landing gear system illustrating an industry battle to squeeze as much mileage as possible out of the current generation of single-aisles.</p>\n<p>It raises the landing gear's height during take-off and landing, a design needed to compensate for the MAX 10's extra length and prevent the tail scraping the runway on take-off.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BA":"波音"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144086770","content_text":"RENTON, Wash., June 18 (Reuters) - Boeing Co's 737 MAX 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday, in a further step toward recovering from the safety grounding of a smaller model.\nThe plane completed a roughly 2-1/2-hour flight over Washington State, returning to Renton Municipal Airport near Seattle at 12:38 p.m.\nThe first flight heralds months of testing and safety certification work before the jet is expected to enter service in 2023.\nIn an unusual departure from the PR buzz surrounding first flights, the event was kept low-key as Boeing tries to navigate overlapping crises caused by a 20-month grounding in the wake of two crashes and the COVID-19 pandemic.\nBoeing's 230-seat 737-10 is designed to close the gap between its 178-to-220-seat 737-9, and Airbus's 185-to-240-seat A321neo, which dominates the top end of the narrowbody jet market, worth some $3.5 trillion over 20 years.\nHowever, the market opportunity for the 737 MAX 10 is constrained by the jet's range of about 3,300 nautical miles (6,100 km), which falls short of the A321neo's roughly 4,000 nm.\nBoeing must also complete safety certification of the plane under a tougher regulatory climate following two fatal crashes of a smaller 737 MAX version grounded the model for nearly two years - with a safety ban still in place in China.\nBoeing has carried out design and training changes on the MAX family, which returned to U.S. operations in December.\nBoeing Commercial Airplanes CEO Stan Deal said the company is producing about 16 737 MAX jets a month at its Renton factory.\nBoeing is working on safety enhancements for the 737 MAX 10, including for its air data indication system and adding a third cockpit indication requested by European regulators of the \"angle of attack,\" a parameter needed to avoid stalling or losing lift. Deal’s comments were provided to the media via a pool reporter inside a Boeing aircraft delivery center.\n\"We're going to take our time on this certification,\" Deal said.\nWhile the smaller MAX 8 is Boeing's fastest-selling jet, slow sales of the MAX 9 and 10 models have put Boeing at a disadvantage to the A321neo.\nBoeing has abandoned plans to tinker with the 737 MAX 10 design, but is weighing a bolder plan to replace the single-aisle 757, which overlaps with the top end of the MAX family.\nEven so, Boeing says it is confident in the MAX 10, and it is stepping up efforts to sell more of the jet, with key targets, including Ireland's Ryanair .\nCustomers include United Airlines with 100 on order. Although sources say United is weighing a new order for at least 100 or even up to 200 MAX, its requirement for large single-aisles will be served by Airbus - reinforcing the market split.\nThe flight, watched by dozens of employees but virtually no visitors as Boeing sought to downplay the event, showcased a revamped landing gear system illustrating an industry battle to squeeze as much mileage as possible out of the current generation of single-aisles.\nIt raises the landing gear's height during take-off and landing, a design needed to compensate for the MAX 10's extra length and prevent the tail scraping the runway on take-off.","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166163715,"gmtCreate":1623997069937,"gmtModify":1703826106320,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Cool and awesome&nbsp;","listText":"Cool and awesome&nbsp;","text":"Cool and awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166163715","repostId":"1114024445","repostType":4,"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161993918,"gmtCreate":1623899199934,"gmtModify":1703822986128,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161993918","repostId":"1166786117","repostType":4,"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169933048,"gmtCreate":1623811589184,"gmtModify":1703820223427,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169933048","repostId":"1107415674","repostType":4,"repost":{"id":"1107415674","kind":"news","pubTimestamp":1623810568,"share":"https://ttm.financial/m/news/1107415674?lang=&edition=fundamental","pubTime":"2021-06-16 10:29","market":"us","language":"en","title":"QuantumScape: Game-Changing Tech, or Just Another Pump-and-Dump Scheme?","url":"https://stock-news.laohu8.com/highlight/detail?id=1107415674","media":"InvestorPlace","summary":"QuantumScape claims it has game-changing technology in a red-hot EV battery space. Details are scarc","content":"<p>QuantumScape claims it has game-changing technology in a red-hot EV battery space. Details are scarce.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fe75742d59fda839891208141dc5233\" tg-width=\"1024\" tg-height=\"576\"><span>Source: Michael Vi / Shutterstock.com</span></p>\n<p>The future of battery technology is a slender sheet of ceramic material that’s pliable enough to bend between two fingers.<b>QuantumScape</b>(NYSE:<b><u>QS</u></b>) claims to have the secret recipe for anext-generation battery that can boost the range of an electric car by as much as 50% and reduce charging time to less than 15 minutes. It has been tight-lipped about<i>how</i>. And while QuantumScape is a company with fewer than 250 employees making a non-commercial technology that hasn’t made it into a single electric vehicle (EV), it’s valued at an eye-opening $11 billion. That’s<i>after</i>QS stock fell almost 80% from a high of $130 last December.</p>\n<p>Can anyone really make a solid state battery? If so, when? And with QuantumScape stock down to a more reasonable valuation, is now the time to buy?</p>\n<p>Here’s a closer look.</p>\n<p><b>QS Stock and the Art of EV Alchemy</b></p>\n<p>Founded by Stanford University scientists a decade ago, and backed by&nbsp;<b>Volkswagen AG</b>(OTCMKTS:<b><u>VWAGY</u></b>),<b>Microsoft</b>(NASDAQ:<b><u>MSFT</u></b>) and Bill Gates himself,QuantumScape became a public company last November after merging with Kensington Capital Acquisition Corp. Kensington Capital is a SPAC (special-purpose acquisition company).</p>\n<p>QS was backed by promising data, but has no commercial product and zero revenue. It’s easy to understand investors’ fanatical interest in EV battery technology. After all,EVs are one of the few products whose adoption is limited by battery performance.The promise of new solid-state batteries is alluring: faster charging, better energy-storage capacity and longer life.</p>\n<p>If batteries could deliver these benefits, EVs could take more market share, faster, from cars with internal combustion engines.</p>\n<p>Fueled by magical thinking, QuantumScape’s valuation skyrocketed from $3.3 billion when the deal was announced in September to over $33 billion only a month after its public debut. The shift was so dramatic that it&nbsp;briefly surpassed<b>&nbsp;Ford</b>&nbsp;(NYSE:<b><u>F</u></b>). Just to give you some perspective on the insanity, Ford sold more than half a million cars and trucks in the U.S. in that same quarter.</p>\n<p>But QS stock didn’t spend much time in the stratosphere. Following an&nbsp;April short report by activist firm Scorpion Capital, which called the company a “scam,”QuantumScape stock fell back down to earth. Shares now trade around $28 — down 80% from their peak.</p>\n<p><b>Welcome to the SPAC Jungle</b></p>\n<p>In many ways, the QuantumScape story is nothing new. It’s seemingly just one of a handful of crash-and-burn SPAC IPOs in an overheated electric vehicle sector.</p>\n<p>Until last year, going public before delivering a purchasable product was pretty unusual in the automotive world.But no longer. Today, the EV space is rampant with pre-revenue upstarts trading at head-scratchingvaluations, ranging from carmakers&nbsp;<b>Lucid Motors</b>,<b>Nikola</b>&nbsp;(NASDAQ:<b><u>NKLA</u></b>) and&nbsp;<b>Fisker</b>(NYSE:<b><u>FSKR</u></b>), to name a few. QuantumScape is also just one of a slew of overpromising, under-delivering SPACs to meet their (market) maker.</p>\n<p>For example, EV truck-maker&nbsp;<b>Lordstown Motors</b>(NASDAQ:<b><u>RIDE</u></b>) imploded earlier this week, and Nikola and&nbsp;<b>Canoo</b>(NASDAQ:<b><u>GOEV</u></b>) have both been targeted by short sellers. Oh, and don’t forget the extra salt in the fresh wound here — the Securities and Exchanges Commission is currentlyinvestigating RIDE and NKLA.</p>\n<p>The SPAC jungle is about as far from Paradise City as you can get.</p>\n<p><b>But… If It’s Real, It’s Revolutionary</b></p>\n<p>However, there is one way QuantumScape may stand apart from the quickly expanding graveyard of failed EV startups. If Chief Executive Officer Jagdeep Singh’s team of scientists have succeededwith their revolutionary design, they will have pulled off an astronomical feat.</p>\n<p>Today’s batteries generally have liquid electrolytes — the medium that allows the charge to travel between a cathode and anode. Typically, the electrodes are solid graphite. But QuantumScapeclaims to have developed a proprietary material that it can use to make solid-state batteries that will replace the current carbon or silicon anodes with lithium-metal anodes. In other words, these “solid-state” batteries are more energy-dense. They can provide a much longer range without the need to recharge. They can recharge faster compared to the current batteries. And, in theory, they have significantly lower production costs.</p>\n<p>Several battery startups, includingIonic Materials,Sila Nanotechnologies,Sion PowerandSolid Power, are developing all-solid-state batteries (ASSBs). Each of these are expected to be safer and more energy-dense than the lithium-ion products used in today’s EVs and battery systems. Yet, QuantumScape has been the center of attention since the speculation that&nbsp;<b>Apple</b>(NASDAQ:<b><u>AAPL</u></b>)&nbsp;could team with Volkswagen to build the Apple iCar.For context,Volkswagen owns 13% of QuantumScape.</p>\n<p>If the two companies team up, QS could become the company’s go-to EV battery supplier.</p>\n<p><b>QuantumScape Endures a&nbsp;Scorpion’s Sting</b></p>\n<p>QuantumScape tells a compelling story. The trouble is that secrecy runs high in the battery industry. That means there’s very little data to substantiate the company’s claims.</p>\n<p>To be fair, QuantumScape’s batteries (like those of its peers) have only been tested in labs so far. And because there’s no independent verification of claims,industry-wide comparisons are virtually impossible.In fact, QuantumScape&nbsp;even required a photographer to use a color-shifting filter before capturing images&nbsp;of its technology, just in case the material’s true hue revealed any part of its secret recipe.</p>\n<p>This combination of hype and mystery is catnip for short sellers. So whenScorpion Capital issued its damaging report, the market took notice. Scion called QuantumScape’s test results“cherry-picked”and not industry standard. Essentially, Scorpion suggested that the technology really isn’t viable.</p>\n<p>Indeed, Quantum’s technology is still new and the company doesn’t expect tostart pilot production of its batteries until 2024.Volume sales aren’t expected until 2026 or 2027. Infive years, “the company expects to have a production capacity of 6 GWh (gigawatt hours), which would be&nbsp;enough to support around 60,000 vehicles.” And it might take a year from there to achieve positive EBITDA.</p>\n<p><b>Half-Baked Tech</b></p>\n<p>Investors hoping to get a sense of the viability of the technology will have to wait a few years. And, the company itself clearly has its work cut out for it.It’s a long haul to commercial production — including creating EV-sized batteries and scaling up manufacturing.</p>\n<p>There are several other technical factors that the company needs to work on as well before its product is ready for use. Most importantly, QuantumScape&nbsp;has only produced single-layer cells. To meet the needs of a working EV, it needs to find a way to stack more than 100 on top of each other to create a battery package.Yet, in its most recent quarterly letter, QuantumScape shared encouraging results and reiterated expectations of starting commercial production in the 2024-2025 timeframe.</p>\n<p><b>When In Doubt, Buy Ford Rather Than QS Stock</b></p>\n<p>With just under 19% of the float short, QuantumScape has plenty of doubters.But even assuming QuantumScape’s forecasts prove accurate, the valuation is still hard to get your head around. At today’s market capitalization of just under $11 billion, QS stock is trading at<i>3.4x 2027 revenue</i>. Volkswagen (QuantumScape’s biggest customer) and Ford both trade at 0.5x forward sales.</p>\n<p>With the jury still out as to whether QuantumScape can achieve its solid-state battery breakthrough, perhaps the best way to play the speculative solid state battery space right now is simply to buy Ford stock. Ford is alsoa derivative play on QuantumScape competitor Solid Power(Ford is an early investor), whichis said to be in talks to go public through a SPAC merger with&nbsp;<b>Decarbonization Plus Acquisition Corp. III</b>(NASDAQ:<b><u>DCRC</u></b>). Ultimately, an incumbent automaker with skin in the game trading at a reasonable valuation makes for a better/risk reward.</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>QuantumScape: Game-Changing Tech, or Just Another Pump-and-Dump Scheme?</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\">\nQuantumScape: Game-Changing Tech, or Just Another Pump-and-Dump Scheme?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 10:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/qs-stock-is-quantumscape-just-a-pump-and-dump-scheme/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>QuantumScape claims it has game-changing technology in a red-hot EV battery space. Details are scarce.\nSource: Michael Vi / Shutterstock.com\nThe future of battery technology is a slender sheet of ...</p>\n\n<a href=\"https://investorplace.com/2021/06/qs-stock-is-quantumscape-just-a-pump-and-dump-scheme/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QS":"Quantumscape Corp."},"source_url":"https://investorplace.com/2021/06/qs-stock-is-quantumscape-just-a-pump-and-dump-scheme/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107415674","content_text":"QuantumScape claims it has game-changing technology in a red-hot EV battery space. Details are scarce.\nSource: Michael Vi / Shutterstock.com\nThe future of battery technology is a slender sheet of ceramic material that’s pliable enough to bend between two fingers.QuantumScape(NYSE:QS) claims to have the secret recipe for anext-generation battery that can boost the range of an electric car by as much as 50% and reduce charging time to less than 15 minutes. It has been tight-lipped abouthow. And while QuantumScape is a company with fewer than 250 employees making a non-commercial technology that hasn’t made it into a single electric vehicle (EV), it’s valued at an eye-opening $11 billion. That’safterQS stock fell almost 80% from a high of $130 last December.\nCan anyone really make a solid state battery? If so, when? And with QuantumScape stock down to a more reasonable valuation, is now the time to buy?\nHere’s a closer look.\nQS Stock and the Art of EV Alchemy\nFounded by Stanford University scientists a decade ago, and backed by Volkswagen AG(OTCMKTS:VWAGY),Microsoft(NASDAQ:MSFT) and Bill Gates himself,QuantumScape became a public company last November after merging with Kensington Capital Acquisition Corp. Kensington Capital is a SPAC (special-purpose acquisition company).\nQS was backed by promising data, but has no commercial product and zero revenue. It’s easy to understand investors’ fanatical interest in EV battery technology. After all,EVs are one of the few products whose adoption is limited by battery performance.The promise of new solid-state batteries is alluring: faster charging, better energy-storage capacity and longer life.\nIf batteries could deliver these benefits, EVs could take more market share, faster, from cars with internal combustion engines.\nFueled by magical thinking, QuantumScape’s valuation skyrocketed from $3.3 billion when the deal was announced in September to over $33 billion only a month after its public debut. The shift was so dramatic that it briefly surpassed Ford (NYSE:F). Just to give you some perspective on the insanity, Ford sold more than half a million cars and trucks in the U.S. in that same quarter.\nBut QS stock didn’t spend much time in the stratosphere. Following an April short report by activist firm Scorpion Capital, which called the company a “scam,”QuantumScape stock fell back down to earth. Shares now trade around $28 — down 80% from their peak.\nWelcome to the SPAC Jungle\nIn many ways, the QuantumScape story is nothing new. It’s seemingly just one of a handful of crash-and-burn SPAC IPOs in an overheated electric vehicle sector.\nUntil last year, going public before delivering a purchasable product was pretty unusual in the automotive world.But no longer. Today, the EV space is rampant with pre-revenue upstarts trading at head-scratchingvaluations, ranging from carmakers Lucid Motors,Nikola (NASDAQ:NKLA) and Fisker(NYSE:FSKR), to name a few. QuantumScape is also just one of a slew of overpromising, under-delivering SPACs to meet their (market) maker.\nFor example, EV truck-maker Lordstown Motors(NASDAQ:RIDE) imploded earlier this week, and Nikola and Canoo(NASDAQ:GOEV) have both been targeted by short sellers. Oh, and don’t forget the extra salt in the fresh wound here — the Securities and Exchanges Commission is currentlyinvestigating RIDE and NKLA.\nThe SPAC jungle is about as far from Paradise City as you can get.\nBut… If It’s Real, It’s Revolutionary\nHowever, there is one way QuantumScape may stand apart from the quickly expanding graveyard of failed EV startups. If Chief Executive Officer Jagdeep Singh’s team of scientists have succeededwith their revolutionary design, they will have pulled off an astronomical feat.\nToday’s batteries generally have liquid electrolytes — the medium that allows the charge to travel between a cathode and anode. Typically, the electrodes are solid graphite. But QuantumScapeclaims to have developed a proprietary material that it can use to make solid-state batteries that will replace the current carbon or silicon anodes with lithium-metal anodes. In other words, these “solid-state” batteries are more energy-dense. They can provide a much longer range without the need to recharge. They can recharge faster compared to the current batteries. And, in theory, they have significantly lower production costs.\nSeveral battery startups, includingIonic Materials,Sila Nanotechnologies,Sion PowerandSolid Power, are developing all-solid-state batteries (ASSBs). Each of these are expected to be safer and more energy-dense than the lithium-ion products used in today’s EVs and battery systems. Yet, QuantumScape has been the center of attention since the speculation that Apple(NASDAQ:AAPL) could team with Volkswagen to build the Apple iCar.For context,Volkswagen owns 13% of QuantumScape.\nIf the two companies team up, QS could become the company’s go-to EV battery supplier.\nQuantumScape Endures a Scorpion’s Sting\nQuantumScape tells a compelling story. The trouble is that secrecy runs high in the battery industry. That means there’s very little data to substantiate the company’s claims.\nTo be fair, QuantumScape’s batteries (like those of its peers) have only been tested in labs so far. And because there’s no independent verification of claims,industry-wide comparisons are virtually impossible.In fact, QuantumScape even required a photographer to use a color-shifting filter before capturing images of its technology, just in case the material’s true hue revealed any part of its secret recipe.\nThis combination of hype and mystery is catnip for short sellers. So whenScorpion Capital issued its damaging report, the market took notice. Scion called QuantumScape’s test results“cherry-picked”and not industry standard. Essentially, Scorpion suggested that the technology really isn’t viable.\nIndeed, Quantum’s technology is still new and the company doesn’t expect tostart pilot production of its batteries until 2024.Volume sales aren’t expected until 2026 or 2027. Infive years, “the company expects to have a production capacity of 6 GWh (gigawatt hours), which would be enough to support around 60,000 vehicles.” And it might take a year from there to achieve positive EBITDA.\nHalf-Baked Tech\nInvestors hoping to get a sense of the viability of the technology will have to wait a few years. And, the company itself clearly has its work cut out for it.It’s a long haul to commercial production — including creating EV-sized batteries and scaling up manufacturing.\nThere are several other technical factors that the company needs to work on as well before its product is ready for use. Most importantly, QuantumScape has only produced single-layer cells. To meet the needs of a working EV, it needs to find a way to stack more than 100 on top of each other to create a battery package.Yet, in its most recent quarterly letter, QuantumScape shared encouraging results and reiterated expectations of starting commercial production in the 2024-2025 timeframe.\nWhen In Doubt, Buy Ford Rather Than QS Stock\nWith just under 19% of the float short, QuantumScape has plenty of doubters.But even assuming QuantumScape’s forecasts prove accurate, the valuation is still hard to get your head around. At today’s market capitalization of just under $11 billion, QS stock is trading at3.4x 2027 revenue. Volkswagen (QuantumScape’s biggest customer) and Ford both trade at 0.5x forward sales.\nWith the jury still out as to whether QuantumScape can achieve its solid-state battery breakthrough, perhaps the best way to play the speculative solid state battery space right now is simply to buy Ford stock. Ford is alsoa derivative play on QuantumScape competitor Solid Power(Ford is an early investor), whichis said to be in talks to go public through a SPAC merger with Decarbonization Plus Acquisition Corp. III(NASDAQ:DCRC). Ultimately, an incumbent automaker with skin in the game trading at a reasonable valuation makes for a better/risk reward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187589131,"gmtCreate":1623758900823,"gmtModify":1703818334968,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"cool","listText":"cool","text":"cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187589131","repostId":"1173415624","repostType":2,"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":120487794,"gmtCreate":1624332580518,"gmtModify":1703833747790,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"To the moon&nbsp;","listText":"To the moon&nbsp;","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120487794","repostId":"2145037589","repostType":4,"repost":{"id":"2145037589","kind":"news","pubTimestamp":1624330062,"share":"https://ttm.financial/m/news/2145037589?lang=&edition=fundamental","pubTime":"2021-06-22 10:47","market":"sg","language":"en","title":"Tesla to hold AI Day in 'about a month' for hiring: Musk","url":"https://stock-news.laohu8.com/highlight/detail?id=2145037589","media":"CNA","summary":"Tesla chief Elon Musk is considering holding an AI Day in about a month, where the Silicon Valley billionaire will showcase the progress in AI software and hardware with an aim to recruit.","content":"<p>NEW YORK: Tesla chief Elon&nbsp;Musk&nbsp;is considering holding an AI Day in about a month, where the Silicon Valley billionaire will showcase the progress in AI software and hardware with an aim to recruit.</p>\n<p>\"Looking at holding Tesla AI Day in about a month or so. Will go over progress with Tesla AI software &amp; hardware, both training &amp; inference. Purpose is recruiting,\"&nbsp;Musk&nbsp;tweeted on Monday.</p>\n<p>His latest plan to promote Tesla's technology comes amid the hiccups faced in the company's path to achieve full self-driving technology.</p>\n<p>Musk&nbsp;had during an earnings call in January said he was \"highly confident the car will be able to drive itself with reliability in excess of human this year.\"</p>\n<p>But in May, Tesla informed the California Department of Motor Vehicles that it may not achieve full self-driving technology by 2021 end.</p>\n<p>The automaker is under review by the California regulator, which is probing if the company violated regulations by falsely promoting its advanced driver-assistance systems as being \"full self-driving\".</p>\n<p>Tesla's driver assistant features, which it describes as \"autopilot\" or \"full self-driving\", are designed to make hands-on driving easier. Those features do not make the vehicle autonomous.</p>\n<p>In Tesla's 'Battery Day' event in September last year,&nbsp;Musk&nbsp;said a US$25,000 car that drives itself will be possible in three years.</p>","source":"can_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>Tesla to hold AI Day in 'about a month' for hiring: Musk</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 to hold AI Day in 'about a month' for hiring: Musk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 10:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.channelnewsasia.com/news/business/tesla-to-hold-ai-day-in-about-a-month-for-hiring-musk-15063944><strong>CNA</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK: Tesla chief Elon Musk is considering holding an AI Day in about a month, where the Silicon Valley billionaire will showcase the progress in AI software and hardware with an aim to recruit.\n\"...</p>\n\n<a href=\"https://www.channelnewsasia.com/news/business/tesla-to-hold-ai-day-in-about-a-month-for-hiring-musk-15063944\">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.channelnewsasia.com/news/business/tesla-to-hold-ai-day-in-about-a-month-for-hiring-musk-15063944","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145037589","content_text":"NEW YORK: Tesla chief Elon Musk is considering holding an AI Day in about a month, where the Silicon Valley billionaire will showcase the progress in AI software and hardware with an aim to recruit.\n\"Looking at holding Tesla AI Day in about a month or so. Will go over progress with Tesla AI software & hardware, both training & inference. Purpose is recruiting,\" Musk tweeted on Monday.\nHis latest plan to promote Tesla's technology comes amid the hiccups faced in the company's path to achieve full self-driving technology.\nMusk had during an earnings call in January said he was \"highly confident the car will be able to drive itself with reliability in excess of human this year.\"\nBut in May, Tesla informed the California Department of Motor Vehicles that it may not achieve full self-driving technology by 2021 end.\nThe automaker is under review by the California regulator, which is probing if the company violated regulations by falsely promoting its advanced driver-assistance systems as being \"full self-driving\".\nTesla's driver assistant features, which it describes as \"autopilot\" or \"full self-driving\", are designed to make hands-on driving easier. Those features do not make the vehicle autonomous.\nIn Tesla's 'Battery Day' event in September last year, Musk said a US$25,000 car that drives itself will be possible in three years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164929923,"gmtCreate":1624166723262,"gmtModify":1703830012388,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Awesome&nbsp;","listText":"Awesome&nbsp;","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164929923","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166163715,"gmtCreate":1623997069937,"gmtModify":1703826106320,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Cool and awesome&nbsp;","listText":"Cool and awesome&nbsp;","text":"Cool and awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166163715","repostId":"1114024445","repostType":4,"repost":{"id":"1114024445","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623995103,"share":"https://ttm.financial/m/news/1114024445?lang=&edition=fundamental","pubTime":"2021-06-18 13:45","market":"us","language":"en","title":"Why did  Cloudflare and CrowdStrike stocks soar on Thursday?","url":"https://stock-news.laohu8.com/highlight/detail?id=1114024445","media":"Tiger Newspress","summary":"Downtime incident stimulated the cybersecurity sector to rise on Thursday.Cloudflare stock rose more","content":"<p>Downtime incident stimulated the cybersecurity sector to rise on Thursday.Cloudflare stock rose more than 6% to a new high&nbsp;and&nbsp;CrowdStrike stock rose more than 3% close to previous historical highs.</p>\n<p>A plethora of websites operated by financial institutions, governments and airlines including&nbsp;Hong Kong Exchanges &amp; Clearing Ltd.&nbsp;and Australia’s central bank went down briefly Thursday in the second global internetoutagein as many weeks.</p>\n<p>Some of the outages, including those that affected&nbsp;Commonwealth Bank of Australia,Westpac Banking Corp.&nbsp;and&nbsp;Australia &amp; New Zealand Banking Group Ltd., were linked to a failure at&nbsp;Akamai Technologies Inc., which helps clients manage web services, people familiar with the matter said, asking not to be identified discussing internal affairs. The&nbsp;Reserve Bank of Australia&nbsp;was forced to cancel a scheduled bond-buying operation Thursday, blaming“technical difficulties.” The central bank said it had adopted workarounds and its website was now back up and running.</p>\n<p>The widespread downtime recalled an hour-long global&nbsp;outage&nbsp;earlier this month, triggered by a software failure at content delivery platform&nbsp;Fastly Inc. The resultant cascading failures, which affected services from&nbsp;Amazon.com Inc.&nbsp;to&nbsp;Shopify Inc.&nbsp;and&nbsp;Stripe Inc., served as a stark reminder of how exposed the world’s biggest websites are to the impact of disruptions ranging from simple human error to coordinated cyberattack.</p>\n<p>Akamai&nbsp;said in a statement it was aware of the issue and “actively working to restore services as soon as possible.” Website tracker Downdetector.com initially&nbsp;flagged&nbsp;hundreds of user complaints about outages affecting&nbsp;Southwest Airlines Co.,Delta Air Lines Inc.&nbsp;and&nbsp;Automatic Data Processing Inc.Other websites pinpointed included those operated by&nbsp;Vanguard,E-Trade&nbsp;and&nbsp;Navy Federal Credit Union.</p>\n<p>Many of the websites affected on Thursday recovered within the hour, some after rerouting to other providers. Companies including Hong Kong’s exchange and Southwest said they were investigating the incident, without elaborating. “The pause in connectivity did not impact our operation,” Southwest said in an emailed response to questions.</p>\n<p>It was unclear what triggered the incidents Thursday. In Fastly’s case, a valid software configuration change by one of its customers triggered a previously undiscovered bug, introduced during a May 12 software deployment. Fastly quickly identified an issue with its content delivery network and announced it was rolling out a fix just 46 minutes after acknowledging a problem. Sites began to spring back to life soon afterward.</p>\n<p>Akamai is one of a number of high-level website and application hosting services that large enterprises use to serve content to millions of users simultaneously.</p>\n<p>Rather than hosting all website content on a single set of servers in one location, Fastly’s so-called “edge computing” model puts servers in dozens of locations, allowing websites to serve pages to users from physical locations closest to them. This cuts lag time, speeding up page-loading and spreading the burden on individual servers.</p>\n<p>These vast and complex setups are run by just a few companies, such as Fastly and&nbsp;Cloudflare Inc.The global edge computing market was valued at $4.68 billion in 2020 and is expected to expand at a compound annual growth rate of 38.4% from 2021 to 2028, according to a recent analysis by Grand View Research.</p>\n<p>While these setups usually work perfectly, their complexity means that even a simple error in a configuration file can trigger chain reactions of outages. For users, most of whom rarely need to think about how the internet works, that can come as a shock.</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>Why did  Cloudflare and CrowdStrike stocks soar on Thursday?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy did  Cloudflare and CrowdStrike stocks soar on Thursday?\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\">2021-06-18 13:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Downtime incident stimulated the cybersecurity sector to rise on Thursday.Cloudflare stock rose more than 6% to a new high&nbsp;and&nbsp;CrowdStrike stock rose more than 3% close to previous historical highs.</p>\n<p>A plethora of websites operated by financial institutions, governments and airlines including&nbsp;Hong Kong Exchanges &amp; Clearing Ltd.&nbsp;and Australia’s central bank went down briefly Thursday in the second global internetoutagein as many weeks.</p>\n<p>Some of the outages, including those that affected&nbsp;Commonwealth Bank of Australia,Westpac Banking Corp.&nbsp;and&nbsp;Australia &amp; New Zealand Banking Group Ltd., were linked to a failure at&nbsp;Akamai Technologies Inc., which helps clients manage web services, people familiar with the matter said, asking not to be identified discussing internal affairs. The&nbsp;Reserve Bank of Australia&nbsp;was forced to cancel a scheduled bond-buying operation Thursday, blaming“technical difficulties.” The central bank said it had adopted workarounds and its website was now back up and running.</p>\n<p>The widespread downtime recalled an hour-long global&nbsp;outage&nbsp;earlier this month, triggered by a software failure at content delivery platform&nbsp;Fastly Inc. The resultant cascading failures, which affected services from&nbsp;Amazon.com Inc.&nbsp;to&nbsp;Shopify Inc.&nbsp;and&nbsp;Stripe Inc., served as a stark reminder of how exposed the world’s biggest websites are to the impact of disruptions ranging from simple human error to coordinated cyberattack.</p>\n<p>Akamai&nbsp;said in a statement it was aware of the issue and “actively working to restore services as soon as possible.” Website tracker Downdetector.com initially&nbsp;flagged&nbsp;hundreds of user complaints about outages affecting&nbsp;Southwest Airlines Co.,Delta Air Lines Inc.&nbsp;and&nbsp;Automatic Data Processing Inc.Other websites pinpointed included those operated by&nbsp;Vanguard,E-Trade&nbsp;and&nbsp;Navy Federal Credit Union.</p>\n<p>Many of the websites affected on Thursday recovered within the hour, some after rerouting to other providers. Companies including Hong Kong’s exchange and Southwest said they were investigating the incident, without elaborating. “The pause in connectivity did not impact our operation,” Southwest said in an emailed response to questions.</p>\n<p>It was unclear what triggered the incidents Thursday. In Fastly’s case, a valid software configuration change by one of its customers triggered a previously undiscovered bug, introduced during a May 12 software deployment. Fastly quickly identified an issue with its content delivery network and announced it was rolling out a fix just 46 minutes after acknowledging a problem. Sites began to spring back to life soon afterward.</p>\n<p>Akamai is one of a number of high-level website and application hosting services that large enterprises use to serve content to millions of users simultaneously.</p>\n<p>Rather than hosting all website content on a single set of servers in one location, Fastly’s so-called “edge computing” model puts servers in dozens of locations, allowing websites to serve pages to users from physical locations closest to them. This cuts lag time, speeding up page-loading and spreading the burden on individual servers.</p>\n<p>These vast and complex setups are run by just a few companies, such as Fastly and&nbsp;Cloudflare Inc.The global edge computing market was valued at $4.68 billion in 2020 and is expected to expand at a compound annual growth rate of 38.4% from 2021 to 2028, according to a recent analysis by Grand View Research.</p>\n<p>While these setups usually work perfectly, their complexity means that even a simple error in a configuration file can trigger chain reactions of outages. For users, most of whom rarely need to think about how the internet works, that can come as a shock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc.","NET":"Cloudflare, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114024445","content_text":"Downtime incident stimulated the cybersecurity sector to rise on Thursday.Cloudflare stock rose more than 6% to a new high and CrowdStrike stock rose more than 3% close to previous historical highs.\nA plethora of websites operated by financial institutions, governments and airlines including Hong Kong Exchanges & Clearing Ltd. and Australia’s central bank went down briefly Thursday in the second global internetoutagein as many weeks.\nSome of the outages, including those that affected Commonwealth Bank of Australia,Westpac Banking Corp. and Australia & New Zealand Banking Group Ltd., were linked to a failure at Akamai Technologies Inc., which helps clients manage web services, people familiar with the matter said, asking not to be identified discussing internal affairs. The Reserve Bank of Australia was forced to cancel a scheduled bond-buying operation Thursday, blaming“technical difficulties.” The central bank said it had adopted workarounds and its website was now back up and running.\nThe widespread downtime recalled an hour-long global outage earlier this month, triggered by a software failure at content delivery platform Fastly Inc. The resultant cascading failures, which affected services from Amazon.com Inc. to Shopify Inc. and Stripe Inc., served as a stark reminder of how exposed the world’s biggest websites are to the impact of disruptions ranging from simple human error to coordinated cyberattack.\nAkamai said in a statement it was aware of the issue and “actively working to restore services as soon as possible.” Website tracker Downdetector.com initially flagged hundreds of user complaints about outages affecting Southwest Airlines Co.,Delta Air Lines Inc. and Automatic Data Processing Inc.Other websites pinpointed included those operated by Vanguard,E-Trade and Navy Federal Credit Union.\nMany of the websites affected on Thursday recovered within the hour, some after rerouting to other providers. Companies including Hong Kong’s exchange and Southwest said they were investigating the incident, without elaborating. “The pause in connectivity did not impact our operation,” Southwest said in an emailed response to questions.\nIt was unclear what triggered the incidents Thursday. In Fastly’s case, a valid software configuration change by one of its customers triggered a previously undiscovered bug, introduced during a May 12 software deployment. Fastly quickly identified an issue with its content delivery network and announced it was rolling out a fix just 46 minutes after acknowledging a problem. Sites began to spring back to life soon afterward.\nAkamai is one of a number of high-level website and application hosting services that large enterprises use to serve content to millions of users simultaneously.\nRather than hosting all website content on a single set of servers in one location, Fastly’s so-called “edge computing” model puts servers in dozens of locations, allowing websites to serve pages to users from physical locations closest to them. This cuts lag time, speeding up page-loading and spreading the burden on individual servers.\nThese vast and complex setups are run by just a few companies, such as Fastly and Cloudflare Inc.The global edge computing market was valued at $4.68 billion in 2020 and is expected to expand at a compound annual growth rate of 38.4% from 2021 to 2028, according to a recent analysis by Grand View Research.\nWhile these setups usually work perfectly, their complexity means that even a simple error in a configuration file can trigger chain reactions of outages. For users, most of whom rarely need to think about how the internet works, that can come as a shock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122191511,"gmtCreate":1624601970233,"gmtModify":1703841483438,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122191511","repostId":"1180366049","repostType":4,"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162700604,"gmtCreate":1624073881608,"gmtModify":1703828273623,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Thank you&nbsp;","listText":"Thank you&nbsp;","text":"Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162700604","repostId":"2144086770","repostType":4,"repost":{"id":"2144086770","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624062134,"share":"https://ttm.financial/m/news/2144086770?lang=&edition=fundamental","pubTime":"2021-06-19 08:22","market":"us","language":"en","title":"Largest Boeing 737 MAX model takes off on maiden flight","url":"https://stock-news.laohu8.com/highlight/detail?id=2144086770","media":"Reuters","summary":"RENTON, Wash., June 18 (Reuters) - Boeing Co's 737 MAX 10, the largest member of its best-selling si","content":"<p>RENTON, Wash., June 18 (Reuters) - Boeing Co's 737 MAX 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday, in a further step toward recovering from the safety grounding of a smaller model.</p>\n<p>The plane completed a roughly 2-1/2-hour flight over Washington State, returning to Renton Municipal Airport near Seattle at 12:38 p.m.</p>\n<p>The first flight heralds months of testing and safety certification work before the jet is expected to enter service in 2023.</p>\n<p>In an unusual departure from the PR buzz surrounding first flights, the event was kept low-key as Boeing tries to navigate overlapping crises caused by a 20-month grounding in the wake of two crashes and the COVID-19 pandemic.</p>\n<p>Boeing's 230-seat 737-10 is designed to close the gap between its 178-to-220-seat 737-9, and Airbus's 185-to-240-seat A321neo, which dominates the top end of the narrowbody jet market, worth some $3.5 trillion over 20 years.</p>\n<p>However, the market opportunity for the 737 MAX 10 is constrained by the jet's range of about 3,300 nautical miles (6,100 km), which falls short of the A321neo's roughly 4,000 nm.</p>\n<p>Boeing must also complete safety certification of the plane under a tougher regulatory climate following two fatal crashes of a smaller 737 MAX version grounded the model for nearly two years - with a safety ban still in place in China.</p>\n<p>Boeing has carried out design and training changes on the MAX family, which returned to U.S. operations in December.</p>\n<p>Boeing Commercial Airplanes CEO Stan Deal said the company is producing about 16 737 MAX jets a month at its Renton factory.</p>\n<p>Boeing is working on safety enhancements for the 737 MAX 10, including for its air data indication system and adding a third cockpit indication requested by European regulators of the \"angle of attack,\" a parameter needed to avoid stalling or losing lift. Deal’s comments were provided to the media via a pool reporter inside a Boeing aircraft delivery center.</p>\n<p>\"We're going to take our time on this certification,\" Deal said.</p>\n<p>While the smaller MAX 8 is Boeing's fastest-selling jet, slow sales of the MAX 9 and 10 models have put Boeing at a disadvantage to the A321neo.</p>\n<p>Boeing has abandoned plans to tinker with the 737 MAX 10 design, but is weighing a bolder plan to replace the single-aisle 757, which overlaps with the top end of the MAX family.</p>\n<p>Even so, Boeing says it is confident in the MAX 10, and it is stepping up efforts to sell more of the jet, with key targets, including Ireland's Ryanair .</p>\n<p>Customers include United Airlines with 100 on order. Although sources say United is weighing a new order for at least 100 or even up to 200 MAX, its requirement for large single-aisles will be served by Airbus - reinforcing the market split.</p>\n<p>The flight, watched by dozens of employees but virtually no visitors as Boeing sought to downplay the event, showcased a revamped landing gear system illustrating an industry battle to squeeze as much mileage as possible out of the current generation of single-aisles.</p>\n<p>It raises the landing gear's height during take-off and landing, a design needed to compensate for the MAX 10's extra length and prevent the tail scraping the runway on take-off.</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>Largest Boeing 737 MAX model takes off on maiden flight</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; 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}\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\">\nLargest Boeing 737 MAX model takes off on maiden flight\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\">2021-06-19 08:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>RENTON, Wash., June 18 (Reuters) - Boeing Co's 737 MAX 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday, in a further step toward recovering from the safety grounding of a smaller model.</p>\n<p>The plane completed a roughly 2-1/2-hour flight over Washington State, returning to Renton Municipal Airport near Seattle at 12:38 p.m.</p>\n<p>The first flight heralds months of testing and safety certification work before the jet is expected to enter service in 2023.</p>\n<p>In an unusual departure from the PR buzz surrounding first flights, the event was kept low-key as Boeing tries to navigate overlapping crises caused by a 20-month grounding in the wake of two crashes and the COVID-19 pandemic.</p>\n<p>Boeing's 230-seat 737-10 is designed to close the gap between its 178-to-220-seat 737-9, and Airbus's 185-to-240-seat A321neo, which dominates the top end of the narrowbody jet market, worth some $3.5 trillion over 20 years.</p>\n<p>However, the market opportunity for the 737 MAX 10 is constrained by the jet's range of about 3,300 nautical miles (6,100 km), which falls short of the A321neo's roughly 4,000 nm.</p>\n<p>Boeing must also complete safety certification of the plane under a tougher regulatory climate following two fatal crashes of a smaller 737 MAX version grounded the model for nearly two years - with a safety ban still in place in China.</p>\n<p>Boeing has carried out design and training changes on the MAX family, which returned to U.S. operations in December.</p>\n<p>Boeing Commercial Airplanes CEO Stan Deal said the company is producing about 16 737 MAX jets a month at its Renton factory.</p>\n<p>Boeing is working on safety enhancements for the 737 MAX 10, including for its air data indication system and adding a third cockpit indication requested by European regulators of the \"angle of attack,\" a parameter needed to avoid stalling or losing lift. Deal’s comments were provided to the media via a pool reporter inside a Boeing aircraft delivery center.</p>\n<p>\"We're going to take our time on this certification,\" Deal said.</p>\n<p>While the smaller MAX 8 is Boeing's fastest-selling jet, slow sales of the MAX 9 and 10 models have put Boeing at a disadvantage to the A321neo.</p>\n<p>Boeing has abandoned plans to tinker with the 737 MAX 10 design, but is weighing a bolder plan to replace the single-aisle 757, which overlaps with the top end of the MAX family.</p>\n<p>Even so, Boeing says it is confident in the MAX 10, and it is stepping up efforts to sell more of the jet, with key targets, including Ireland's Ryanair .</p>\n<p>Customers include United Airlines with 100 on order. Although sources say United is weighing a new order for at least 100 or even up to 200 MAX, its requirement for large single-aisles will be served by Airbus - reinforcing the market split.</p>\n<p>The flight, watched by dozens of employees but virtually no visitors as Boeing sought to downplay the event, showcased a revamped landing gear system illustrating an industry battle to squeeze as much mileage as possible out of the current generation of single-aisles.</p>\n<p>It raises the landing gear's height during take-off and landing, a design needed to compensate for the MAX 10's extra length and prevent the tail scraping the runway on take-off.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BA":"波音"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144086770","content_text":"RENTON, Wash., June 18 (Reuters) - Boeing Co's 737 MAX 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday, in a further step toward recovering from the safety grounding of a smaller model.\nThe plane completed a roughly 2-1/2-hour flight over Washington State, returning to Renton Municipal Airport near Seattle at 12:38 p.m.\nThe first flight heralds months of testing and safety certification work before the jet is expected to enter service in 2023.\nIn an unusual departure from the PR buzz surrounding first flights, the event was kept low-key as Boeing tries to navigate overlapping crises caused by a 20-month grounding in the wake of two crashes and the COVID-19 pandemic.\nBoeing's 230-seat 737-10 is designed to close the gap between its 178-to-220-seat 737-9, and Airbus's 185-to-240-seat A321neo, which dominates the top end of the narrowbody jet market, worth some $3.5 trillion over 20 years.\nHowever, the market opportunity for the 737 MAX 10 is constrained by the jet's range of about 3,300 nautical miles (6,100 km), which falls short of the A321neo's roughly 4,000 nm.\nBoeing must also complete safety certification of the plane under a tougher regulatory climate following two fatal crashes of a smaller 737 MAX version grounded the model for nearly two years - with a safety ban still in place in China.\nBoeing has carried out design and training changes on the MAX family, which returned to U.S. operations in December.\nBoeing Commercial Airplanes CEO Stan Deal said the company is producing about 16 737 MAX jets a month at its Renton factory.\nBoeing is working on safety enhancements for the 737 MAX 10, including for its air data indication system and adding a third cockpit indication requested by European regulators of the \"angle of attack,\" a parameter needed to avoid stalling or losing lift. Deal’s comments were provided to the media via a pool reporter inside a Boeing aircraft delivery center.\n\"We're going to take our time on this certification,\" Deal said.\nWhile the smaller MAX 8 is Boeing's fastest-selling jet, slow sales of the MAX 9 and 10 models have put Boeing at a disadvantage to the A321neo.\nBoeing has abandoned plans to tinker with the 737 MAX 10 design, but is weighing a bolder plan to replace the single-aisle 757, which overlaps with the top end of the MAX family.\nEven so, Boeing says it is confident in the MAX 10, and it is stepping up efforts to sell more of the jet, with key targets, including Ireland's Ryanair .\nCustomers include United Airlines with 100 on order. Although sources say United is weighing a new order for at least 100 or even up to 200 MAX, its requirement for large single-aisles will be served by Airbus - reinforcing the market split.\nThe flight, watched by dozens of employees but virtually no visitors as Boeing sought to downplay the event, showcased a revamped landing gear system illustrating an industry battle to squeeze as much mileage as possible out of the current generation of single-aisles.\nIt raises the landing gear's height during take-off and landing, a design needed to compensate for the MAX 10's extra length and prevent the tail scraping the runway on take-off.","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167315858,"gmtCreate":1624246927074,"gmtModify":1703831490438,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167315858","repostId":"1166259530","repostType":4,"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125731100,"gmtCreate":1624692048000,"gmtModify":1703843769493,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125731100","repostId":"2146107083","repostType":4,"repost":{"id":"2146107083","kind":"highlight","pubTimestamp":1624673250,"share":"https://ttm.financial/m/news/2146107083?lang=&edition=fundamental","pubTime":"2021-06-26 10:07","market":"us","language":"en","title":"3 Stocks You Can Keep Forever","url":"https://stock-news.laohu8.com/highlight/detail?id=2146107083","media":"Motley Fool","summary":"A long history of success coupled with bright prospects are the key ingredients for companies you can hold for the long term.","content":"<p>When looking for investments that have the potential to be held forever, it's beneficial not to only look at the latest technological craze or most disruptive businesses. As&nbsp;<b>Amazon</b>&nbsp;founder Jeff&nbsp;Bezos&nbsp;believes, the focus should be on what stays the same, as opposed to what we think might change in the future.&nbsp;</p>\n<p>This means that sticking to boring, steady, and predictable companies can be a worthwhile strategy. Fitting this description, here are three stocks you can keep forever.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75b7346a4d92cde9e5d2740346749150\" tg-width=\"700\" tg-height=\"467\"><span>Image source: Getty Images.</span></p>\n<h2>1. Costco Wholesale</h2>\n<p><b>Costco Wholesale</b> (NASDAQ:COST), with its&nbsp;809 warehouses around the world, generated sales of $44.4 billion in the most recent quarter, a 21.7% jump from the prior-year period. As <a href=\"https://laohu8.com/S/AONE\">one</a> of the world's largest retailers, Costco was a mission-critical business during the onset of the coronavirus pandemic. Consumers visited stores to shop for everything from cleaning supplies to food.&nbsp;</p>\n<p>The company's operations haven't changed much over time, and they likely won't anytime soon. Even e-commerce sales, which expanded rapidly over the past&nbsp;year&nbsp;and grew 41.2%&nbsp;in the most recent quarter, are slowing down. During the month of May, online revenue rose&nbsp;just&nbsp;12.1%, signaling&nbsp;that shoppers&nbsp;are able and willing to transact more in person now.&nbsp;</p>\n<p>Costco is a&nbsp;recession-proof business&nbsp;that does well in good and bad economic times, which provides the safety investors want in a forever stock. Moreover, the reliance on membership fees, of which Costco generated $901&nbsp;million&nbsp;last quarter, allows the company to keep prices very low. As of March 31, Costco had 109.8&nbsp;million&nbsp;membership cardholders.&nbsp;</p>\n<p>Costco has and will continue to gain from its relentless focus to pass on savings to customers. This consumer-friendly fixation makes it difficult for rivals to compete and makes the business that much more loved by its shoppers.&nbsp;</p>\n<h2>2. Home Depot</h2>\n<p><b>Home Depot</b>&nbsp;(NYSE:HD) has grown to a $331 billion business because people love to spend on their homes. Again, this facet of human nature will never change, and it was on full display over the past year. Home Depot's revenue in fiscal 2020 increased 19.9%, the fastest annual gain in at least a decade. As consumers spent more time indoors and shifted spending away from travel, entertainment, and leisure, Home Depot benefited greatly.&nbsp;</p>\n<p>And even as we slowly recover from the pandemic, the&nbsp;momentum is still strong. Same-store sales (or comps) in the most recent quarter shot&nbsp;up 31%, continuing an acceleration over the past four quarters. The housing market is on fire, supported by still historically low interest rates and rising home prices, all of which support demand for Home Depot's products.&nbsp;</p>\n<p>The company serves both do-it-yourself (DIY) and professional (Pro) customers. The former outperformed during 2020, but the latter is reemerging as a real growth driver as people require work on bigger projects and are more comfortable allowing contractors into their homes. Additionally, a seamless omnichannel approach allows customers to shop Home Depot in whatever manner they like. In the most recent quarter, 55%&nbsp;of online orders were actually fulfilled at a store.&nbsp;</p>\n<p>Home Depot&nbsp;paid $1.8 billion in dividends in the first quarter, and also bought back $4 billion worth of shares. Focusing on returning excess cash to shareholders further boosts investor returns.&nbsp;</p>\n<h2>3. Starbucks</h2>\n<p><b>Starbucks</b>&nbsp;(NASDAQ:SBUX), the ubiquitous coffeehouse chain with nearly 33,000&nbsp;locations worldwide, is arguably an even more important part of people's daily lives than the previous two&nbsp;companies. Americans (and the rest of the world) need their caffeine fix, and Starbucks is there to deliver.&nbsp;</p>\n<p>The business is&nbsp;back to registering growth in the U.S. following a huge slowdown last year. With 22.9 million&nbsp;active rewards members, Starbucks' top-notch loyalty program encourages repeat business. In the most recent quarter, a whopping 52% of sales at U.S. company-operated stores were from these rewards-program customers.&nbsp;</p>\n<p>You may think there isn't much growth left for this powerful brand that already has stores basically everywhere, but think again. During the investor day presentation last December, CFO Patrick Grismer claimed that by 2030, Starbucks plans to have 55,000 outlets in 100 markets globally. This 67% increase would make it the largest restaurant chain in the world. With revenue of $23.8 billion over the past 12 months, this ambitious goal should certainly boost that number significantly.&nbsp;</p>\n<p>Expect China, where comps soared 91%&nbsp;in the most recent quarter, to be a major growth driver going forward. Starbucks plans to open&nbsp;600&nbsp;net new stores in the country just in this fiscal year.&nbsp;</p>\n<h2>Boring is beautiful&nbsp;</h2>\n<p>All three of these companies are absolutely essential in their customers' lives. Without Costco, Home Depot, or Starbucks, people wouldn't be able to get the things they desperately need. Furthermore, they all benefit from strong competitive advantages that protect them from rival firms.&nbsp;</p>\n<p>In the future, we know with a high level of confidence that the products that these businesses sell will still be in high demand. This is the primary reason why they are three stocks you can keep forever.&nbsp;</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>3 Stocks You Can Keep Forever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks You Can Keep Forever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-26 10:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/25/3-stocks-you-can-keep-forever/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When looking for investments that have the potential to be held forever, it's beneficial not to only look at the latest technological craze or most disruptive businesses. As Amazon founder Jeff Bezos ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/25/3-stocks-you-can-keep-forever/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBUX":"星巴克","HD":"家得宝","COST":"好市多"},"source_url":"https://www.fool.com/investing/2021/06/25/3-stocks-you-can-keep-forever/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146107083","content_text":"When looking for investments that have the potential to be held forever, it's beneficial not to only look at the latest technological craze or most disruptive businesses. As Amazon founder Jeff Bezos believes, the focus should be on what stays the same, as opposed to what we think might change in the future. \nThis means that sticking to boring, steady, and predictable companies can be a worthwhile strategy. Fitting this description, here are three stocks you can keep forever.\nImage source: Getty Images.\n1. Costco Wholesale\nCostco Wholesale (NASDAQ:COST), with its 809 warehouses around the world, generated sales of $44.4 billion in the most recent quarter, a 21.7% jump from the prior-year period. As one of the world's largest retailers, Costco was a mission-critical business during the onset of the coronavirus pandemic. Consumers visited stores to shop for everything from cleaning supplies to food. \nThe company's operations haven't changed much over time, and they likely won't anytime soon. Even e-commerce sales, which expanded rapidly over the past year and grew 41.2% in the most recent quarter, are slowing down. During the month of May, online revenue rose just 12.1%, signaling that shoppers are able and willing to transact more in person now. \nCostco is a recession-proof business that does well in good and bad economic times, which provides the safety investors want in a forever stock. Moreover, the reliance on membership fees, of which Costco generated $901 million last quarter, allows the company to keep prices very low. As of March 31, Costco had 109.8 million membership cardholders. \nCostco has and will continue to gain from its relentless focus to pass on savings to customers. This consumer-friendly fixation makes it difficult for rivals to compete and makes the business that much more loved by its shoppers. \n2. Home Depot\nHome Depot (NYSE:HD) has grown to a $331 billion business because people love to spend on their homes. Again, this facet of human nature will never change, and it was on full display over the past year. Home Depot's revenue in fiscal 2020 increased 19.9%, the fastest annual gain in at least a decade. As consumers spent more time indoors and shifted spending away from travel, entertainment, and leisure, Home Depot benefited greatly. \nAnd even as we slowly recover from the pandemic, the momentum is still strong. Same-store sales (or comps) in the most recent quarter shot up 31%, continuing an acceleration over the past four quarters. The housing market is on fire, supported by still historically low interest rates and rising home prices, all of which support demand for Home Depot's products. \nThe company serves both do-it-yourself (DIY) and professional (Pro) customers. The former outperformed during 2020, but the latter is reemerging as a real growth driver as people require work on bigger projects and are more comfortable allowing contractors into their homes. Additionally, a seamless omnichannel approach allows customers to shop Home Depot in whatever manner they like. In the most recent quarter, 55% of online orders were actually fulfilled at a store. \nHome Depot paid $1.8 billion in dividends in the first quarter, and also bought back $4 billion worth of shares. Focusing on returning excess cash to shareholders further boosts investor returns. \n3. Starbucks\nStarbucks (NASDAQ:SBUX), the ubiquitous coffeehouse chain with nearly 33,000 locations worldwide, is arguably an even more important part of people's daily lives than the previous two companies. Americans (and the rest of the world) need their caffeine fix, and Starbucks is there to deliver. \nThe business is back to registering growth in the U.S. following a huge slowdown last year. With 22.9 million active rewards members, Starbucks' top-notch loyalty program encourages repeat business. In the most recent quarter, a whopping 52% of sales at U.S. company-operated stores were from these rewards-program customers. \nYou may think there isn't much growth left for this powerful brand that already has stores basically everywhere, but think again. During the investor day presentation last December, CFO Patrick Grismer claimed that by 2030, Starbucks plans to have 55,000 outlets in 100 markets globally. This 67% increase would make it the largest restaurant chain in the world. With revenue of $23.8 billion over the past 12 months, this ambitious goal should certainly boost that number significantly. \nExpect China, where comps soared 91% in the most recent quarter, to be a major growth driver going forward. Starbucks plans to open 600 net new stores in the country just in this fiscal year. \nBoring is beautiful \nAll three of these companies are absolutely essential in their customers' lives. Without Costco, Home Depot, or Starbucks, people wouldn't be able to get the things they desperately need. Furthermore, they all benefit from strong competitive advantages that protect them from rival firms. \nIn the future, we know with a high level of confidence that the products that these businesses sell will still be in high demand. This is the primary reason why they are three stocks you can keep forever.","news_type":1},"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122198757,"gmtCreate":1624602021679,"gmtModify":1703841484892,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Thank you&nbsp;","listText":"Thank you&nbsp;","text":"Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122198757","repostId":"2146025387","repostType":4,"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128206582,"gmtCreate":1624516481146,"gmtModify":1703839062991,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128206582","repostId":"2145012223","repostType":4,"repost":{"id":"2145012223","kind":"news","pubTimestamp":1624509615,"share":"https://ttm.financial/m/news/2145012223?lang=&edition=fundamental","pubTime":"2021-06-24 12:40","market":"sg","language":"en","title":"China Evergrande arranges funds of US$1.75 billion to repay offshore bonds","url":"https://stock-news.laohu8.com/highlight/detail?id=2145012223","media":"CNA","summary":"HONG KONG:     China's most indebted property developer said it had arranged its own funds of HKUS$13.6 billion (US$1.75 billion) to repay bonds due on Monday, as well as to pay interest on all other dollar bonds.\n\nThe funds are to be remitted into the bond repayment account, the company said on ...","content":"<p>HONG KONG: China's most indebted property developer said it had arranged its own funds of HKUS$13.6 billion (US$1.75 billion) to repay bonds due on Monday, as well as to pay interest on all other dollar bonds.</p>\n<p>The funds are to be remitted into the bond repayment account, the company said on Thursday, adding that it has no further bonds due before next March, whether onshore or off.</p>\n<p>On Monday, Reuters reported that Evergrande had planned to repay its US$1.5 billion offshore bond maturing on June 28 this week, ahead of schedule.</p>\n<p>Some of the bonds of Evergrande and its subsidiaries have been sold off in recent weeks, as investor concerns have grown over its ability to make timely payments.</p>\n<p>Shares of Hong Kong-listed Evergrande rose 1.15&nbsp;percent in Thursday's morning session, versus a gain of 0.1per cent gain in the benchmark. It had plunged 18per cent in the past month to its lowest since March 2020.</p>","source":"can_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>China Evergrande arranges funds of US$1.75 billion to repay offshore bonds</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\">\nChina Evergrande arranges funds of US$1.75 billion to repay offshore bonds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 12:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.channelnewsasia.com/news/business/china-evergrande-arranges-funds-of-us-1-75-billion-to-repay-offshore-bonds-15081734><strong>CNA</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HONG KONG: China's most indebted property developer said it had arranged its own funds of HKUS$13.6 billion (US$1.75 billion) to repay bonds due on Monday, as well as to pay interest on all other ...</p>\n\n<a href=\"https://www.channelnewsasia.com/news/business/china-evergrande-arranges-funds-of-us-1-75-billion-to-repay-offshore-bonds-15081734\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://www.channelnewsasia.com/news/business/china-evergrande-arranges-funds-of-us-1-75-billion-to-repay-offshore-bonds-15081734","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145012223","content_text":"HONG KONG: China's most indebted property developer said it had arranged its own funds of HKUS$13.6 billion (US$1.75 billion) to repay bonds due on Monday, as well as to pay interest on all other dollar bonds.\nThe funds are to be remitted into the bond repayment account, the company said on Thursday, adding that it has no further bonds due before next March, whether onshore or off.\nOn Monday, Reuters reported that Evergrande had planned to repay its US$1.5 billion offshore bond maturing on June 28 this week, ahead of schedule.\nSome of the bonds of Evergrande and its subsidiaries have been sold off in recent weeks, as investor concerns have grown over its ability to make timely payments.\nShares of Hong Kong-listed Evergrande rose 1.15 percent in Thursday's morning session, versus a gain of 0.1per cent gain in the benchmark. It had plunged 18per cent in the past month to its lowest since March 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123738461,"gmtCreate":1624438288753,"gmtModify":1703836686969,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Alright&nbsp;","listText":"Alright&nbsp;","text":"Alright","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123738461","repostId":"1141521414","repostType":4,"repost":{"id":"1141521414","kind":"news","pubTimestamp":1624436399,"share":"https://ttm.financial/m/news/1141521414?lang=&edition=fundamental","pubTime":"2021-06-23 16:19","market":"us","language":"en","title":"Stocks Snap Back, At Least For One More Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1141521414","media":"Investing","summary":"Stocks rallied Tuesday, with theS&P 500up by 50 bps, taking the index back to where it was before th","content":"<p>Stocks rallied Tuesday, with theS&amp;P 500up by 50 bps, taking the index back to where it was before the Fed. Overall, nothing has really changed, it just seems like moves from last week were sudden and violent, and for the most part, the market seems to be reverting to some degree.</p>\n<p>Can it continue to push higher? I suppose, as long as the reflation assets can rebound further. However, I’m not sure how much further they can rise because bonds and many spreads are still weak.</p>\n<p><b>S&amp;P 500 Futures</b></p>\n<p>TheS&amp;P 500 Futuresmay have completed a wave B yesterday, which means that we will likely see a reversion lower the rest of the week back towards Friday’s close.</p>\n<p><img src=\"https://static.tigerbbs.com/fae7650929e9b12858a76a447f3ecca1\" tg-width=\"1304\" tg-height=\"615\" referrerpolicy=\"no-referrer\">S&amp;P 500 Futures Daily Chart</p>\n<p><b>Goldman Sachs</b></p>\n<p>Goldman Sachs Group (NYSE:GS) has not rebounded along with the broaderS&amp;P 500index. The stock has done nothing and remains in a downward trend.</p>\n<p>Maybe the reflation trade for the banks is over; it sure seems that way. It certainly would make sense if that were the case. The region around $350 appeared to be really important, and if it breaks, Goldman’s stock has quite the distance to drop.</p>\n<p><img src=\"https://static.tigerbbs.com/2918e036b1256b3a0a4cfcfcf03a23ea\" tg-width=\"1308\" tg-height=\"621\" referrerpolicy=\"no-referrer\">Goldman Sachs 1-Hr Chart</p>\n<p><b>Freeport</b></p>\n<p>Freeport-McMoran Copper &amp; Gold Inc (NYSE:FCX) has been on the rebound from last week’s pounding. As a result, the stock probably has a good chance to rise back to resistance at $36.50.</p>\n<p><img src=\"https://static.tigerbbs.com/816504cc630d53d105bd1223d2ff7561\" tg-width=\"1309\" tg-height=\"611\" referrerpolicy=\"no-referrer\">Freeport Inc Daily Chart</p>\n<p><b>UPS</b></p>\n<p>United Parcel Service (NYSE:UPS) can still rise a little bit more; maybe it gets back to $210.</p>\n<p><img src=\"https://static.tigerbbs.com/489bc0536d4a7a92af7c4624773e1f10\" tg-width=\"1303\" tg-height=\"616\" referrerpolicy=\"no-referrer\">UPS Inc Daily Chart</p>\n<p><b>FedEx</b></p>\n<p>FedEx (NYSE:FDX) got back to its 50-day moving average, and that was where it stopped. The 50-day is a big resistance area for now, so any hopes for a further advance will weigh on that moving average.</p>\n<p><img src=\"https://static.tigerbbs.com/0aaf4b6eea3b7915bbeca517bdea3687\" tg-width=\"1306\" tg-height=\"618\" referrerpolicy=\"no-referrer\">Fedex Daily Chart</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>Stocks Snap Back, At Least For One More Day</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\">\nStocks Snap Back, At Least For One More Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 16:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/analysis/stocks-snap-back-at-least-for-one-more-day-200587710><strong>Investing</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks rallied Tuesday, with theS&P 500up by 50 bps, taking the index back to where it was before the Fed. Overall, nothing has really changed, it just seems like moves from last week were sudden and ...</p>\n\n<a href=\"https://www.investing.com/analysis/stocks-snap-back-at-least-for-one-more-day-200587710\">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","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.investing.com/analysis/stocks-snap-back-at-least-for-one-more-day-200587710","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141521414","content_text":"Stocks rallied Tuesday, with theS&P 500up by 50 bps, taking the index back to where it was before the Fed. Overall, nothing has really changed, it just seems like moves from last week were sudden and violent, and for the most part, the market seems to be reverting to some degree.\nCan it continue to push higher? I suppose, as long as the reflation assets can rebound further. However, I’m not sure how much further they can rise because bonds and many spreads are still weak.\nS&P 500 Futures\nTheS&P 500 Futuresmay have completed a wave B yesterday, which means that we will likely see a reversion lower the rest of the week back towards Friday’s close.\nS&P 500 Futures Daily Chart\nGoldman Sachs\nGoldman Sachs Group (NYSE:GS) has not rebounded along with the broaderS&P 500index. The stock has done nothing and remains in a downward trend.\nMaybe the reflation trade for the banks is over; it sure seems that way. It certainly would make sense if that were the case. The region around $350 appeared to be really important, and if it breaks, Goldman’s stock has quite the distance to drop.\nGoldman Sachs 1-Hr Chart\nFreeport\nFreeport-McMoran Copper & Gold Inc (NYSE:FCX) has been on the rebound from last week’s pounding. As a result, the stock probably has a good chance to rise back to resistance at $36.50.\nFreeport Inc Daily Chart\nUPS\nUnited Parcel Service (NYSE:UPS) can still rise a little bit more; maybe it gets back to $210.\nUPS Inc Daily Chart\nFedEx\nFedEx (NYSE:FDX) got back to its 50-day moving average, and that was where it stopped. The 50-day is a big resistance area for now, so any hopes for a further advance will weigh on that moving average.\nFedex Daily Chart","news_type":1},"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161993918,"gmtCreate":1623899199934,"gmtModify":1703822986128,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161993918","repostId":"1166786117","repostType":4,"repost":{"id":"1166786117","kind":"news","pubTimestamp":1623897531,"share":"https://ttm.financial/m/news/1166786117?lang=&edition=fundamental","pubTime":"2021-06-17 10:38","market":"us","language":"en","title":"Vita Coco Owner Is Planning an IPO at Over $2 Billion Value","url":"https://stock-news.laohu8.com/highlight/detail?id=1166786117","media":"Bloomberg","summary":"The owner of coconut water company Vita Coco is planning to go public this year after investors rush","content":"<p>The owner of coconut water company Vita Coco is planning to go public this year after investors rushed to back&nbsp;Oatly Inc.’s initial public offering, according to people with knowledge of the matter.</p>\n<p>All Market Inc., which also owns Runa energy drinks and water brand Ever &amp; Ever, aims tolist its sharesin the U.S. as soon as the third quarter, the people said, asking not to be identified discussing private information. The company could be valued at more than $2 billion in an IPO, the people said.</p>\n<p>Any potential listing plans are not finalized, and could change.</p>\n<p>Launched in New York in 2004, Vita Coco now makes flavored, sparkling and caffeinated coconut waters, as well as coconut oil and milk alternatives. All Market acquired Runa, an energy drink made from plants found in the Amazon rainforest, in 2018, and started selling water bottled in aluminum the following year.</p>\n<p>The global wellness market -- which encompasses fitness, health, nutrition, appearance, sleep and mindfulness -- is&nbsp;already worth&nbsp;more than $1.5 trillion, and is set to grow by 5% to 10% annually, according to&nbsp;McKinsey &amp; Co.&nbsp;research.</p>\n<p>Shares of Oatly, which makes oat-based substitutes for milk, yogurt and ice cream, have jumped more than 60% since its May debut to give it a market value of $16 billion. In its listing documents, Oatly cited aZeno Groupstudy that found 90% of millennials said they would act in support of a “purposeful brand.”</p>\n<p>Early&nbsp;investors in Vita Coco&nbsp;included Madonna, Matthew McConaughey and Demi Moore. The company also counts Verlinvest, an investment firm that focuses on so-called purpose-led brands, and Strand Equity among its backers, the firms’ websites show. Both firms also invested in Oatly. Vita Coco is also&nbsp;backed by&nbsp;the&nbsp;Reignwood Group.</p>\n<p>A representative for Vita Coco didn’t respond to requests for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vita Coco Owner Is Planning an IPO at Over $2 Billion Value</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\">\nVita Coco Owner Is Planning an IPO at Over $2 Billion Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 10:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-16/vita-coco-owner-is-said-to-plan-ipo-at-over-2-billion-value?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The owner of coconut water company Vita Coco is planning to go public this year after investors rushed to back Oatly Inc.’s initial public offering, according to people with knowledge of the matter.\n...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-16/vita-coco-owner-is-said-to-plan-ipo-at-over-2-billion-value?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COCO":"The Vita Coco Company, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2021-06-16/vita-coco-owner-is-said-to-plan-ipo-at-over-2-billion-value?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166786117","content_text":"The owner of coconut water company Vita Coco is planning to go public this year after investors rushed to back Oatly Inc.’s initial public offering, according to people with knowledge of the matter.\nAll Market Inc., which also owns Runa energy drinks and water brand Ever & Ever, aims tolist its sharesin the U.S. as soon as the third quarter, the people said, asking not to be identified discussing private information. The company could be valued at more than $2 billion in an IPO, the people said.\nAny potential listing plans are not finalized, and could change.\nLaunched in New York in 2004, Vita Coco now makes flavored, sparkling and caffeinated coconut waters, as well as coconut oil and milk alternatives. All Market acquired Runa, an energy drink made from plants found in the Amazon rainforest, in 2018, and started selling water bottled in aluminum the following year.\nThe global wellness market -- which encompasses fitness, health, nutrition, appearance, sleep and mindfulness -- is already worth more than $1.5 trillion, and is set to grow by 5% to 10% annually, according to McKinsey & Co. research.\nShares of Oatly, which makes oat-based substitutes for milk, yogurt and ice cream, have jumped more than 60% since its May debut to give it a market value of $16 billion. In its listing documents, Oatly cited aZeno Groupstudy that found 90% of millennials said they would act in support of a “purposeful brand.”\nEarly investors in Vita Coco included Madonna, Matthew McConaughey and Demi Moore. The company also counts Verlinvest, an investment firm that focuses on so-called purpose-led brands, and Strand Equity among its backers, the firms’ websites show. Both firms also invested in Oatly. Vita Coco is also backed by the Reignwood Group.\nA representative for Vita Coco didn’t respond to requests for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187589131,"gmtCreate":1623758900823,"gmtModify":1703818334968,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"cool","listText":"cool","text":"cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187589131","repostId":"1173415624","repostType":2,"repost":{"id":"1173415624","kind":"news","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":1623748824,"share":"https://ttm.financial/m/news/1173415624?lang=&edition=fundamental","pubTime":"2021-06-15 17:20","market":"us","language":"zh","title":"盘前异动：市场热点延续！这两类股缘何倍受追捧？","url":"https://stock-news.laohu8.com/highlight/detail?id=1173415624","media":"老虎资讯综合","summary":"6月15日，美国三大股指期货小幅走高，截至发稿，道指期货涨0.09%；标普500指数期货涨0.14%；纳斯达克100指数期货涨0.15%。\n\nWSB概念股盘前走高，Corsair Gaming涨近6%","content":"<p>6月15日，美国三大股指期货小幅走高，截至发稿，道指期货涨0.09%；标普500指数期货涨0.14%；纳斯达克100指数期货涨0.15%。</p>\n<p><img src=\"https://static.tigerbbs.com/039f3508b369016288adda06d91aef5a\" tg-width=\"478\" tg-height=\"185\" referrerpolicy=\"no-referrer\"></p>\n<p>WSB概念股盘前走高，<a href=\"https://laohu8.com/S/CRSR\">Corsair Gaming</a>涨近6%，<a href=\"https://laohu8.com/S/CLNE\">Clean Energy Fuels</a>涨超9%，<a href=\"https://laohu8.com/S/WISH\">ContextLogic</a>涨超2%。</p>\n<p>区块链概念股盘前普涨，<a href=\"https://laohu8.com/S/EBON\">亿邦国际</a>涨超5%，<a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a>涨超4%，<a href=\"https://laohu8.com/S/SOS\">SOS Limited</a>、<a href=\"https://laohu8.com/S/CAN\">嘉楠科技</a>、<a href=\"https://laohu8.com/S/NCTY\">第九城市</a>涨超3%，<a href=\"https://laohu8.com/S/MARA\">Marathon Digital</a>、<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>涨超2%。</p>\n<p><a href=\"https://laohu8.com/S/BA\">波音</a>盘前涨近1%，欧盟与美国达成协议以解决波音与空客的贸易纠纷。</p>\n<p><a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯医药</a>盘前涨近3%，公司新冠肺炎疫苗整体有效率为90%。</p>\n<p><a href=\"https://laohu8.com/S/TRCH\">Torchlight Energy Resources</a>盘前涨超30%，此前申请至多2.5亿美元的混合储架发行。</p>\n<p><a href=\"https://laohu8.com/S/RAPT\">RAPT Therapeutics</a>盘前涨超12%，公司宣布拟公开发行1.25亿美元普通股。</p>\n<p><a href=\"https://laohu8.com/S/VRM\">Vroom</a>盘前跌超5%，此前宣布拟发行5亿美元2026年到期的可转换高级票据。</p>\n<p><a href=\"https://laohu8.com/S/QD\">趣店</a>盘前跌超8%，第一季度营收5.157亿元，同比下滑。</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>盘前异动：市场热点延续！这两类股缘何倍受追捧？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n盘前异动：市场热点延续！这两类股缘何倍受追捧？\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\">2021-06-15 17:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>6月15日，美国三大股指期货小幅走高，截至发稿，道指期货涨0.09%；标普500指数期货涨0.14%；纳斯达克100指数期货涨0.15%。</p>\n<p><img src=\"https://static.tigerbbs.com/039f3508b369016288adda06d91aef5a\" tg-width=\"478\" tg-height=\"185\" referrerpolicy=\"no-referrer\"></p>\n<p>WSB概念股盘前走高，<a href=\"https://laohu8.com/S/CRSR\">Corsair Gaming</a>涨近6%，<a href=\"https://laohu8.com/S/CLNE\">Clean Energy Fuels</a>涨超9%，<a href=\"https://laohu8.com/S/WISH\">ContextLogic</a>涨超2%。</p>\n<p>区块链概念股盘前普涨，<a href=\"https://laohu8.com/S/EBON\">亿邦国际</a>涨超5%，<a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a>涨超4%，<a href=\"https://laohu8.com/S/SOS\">SOS Limited</a>、<a href=\"https://laohu8.com/S/CAN\">嘉楠科技</a>、<a href=\"https://laohu8.com/S/NCTY\">第九城市</a>涨超3%，<a href=\"https://laohu8.com/S/MARA\">Marathon Digital</a>、<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>涨超2%。</p>\n<p><a href=\"https://laohu8.com/S/BA\">波音</a>盘前涨近1%，欧盟与美国达成协议以解决波音与空客的贸易纠纷。</p>\n<p><a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯医药</a>盘前涨近3%，公司新冠肺炎疫苗整体有效率为90%。</p>\n<p><a href=\"https://laohu8.com/S/TRCH\">Torchlight Energy Resources</a>盘前涨超30%，此前申请至多2.5亿美元的混合储架发行。</p>\n<p><a href=\"https://laohu8.com/S/RAPT\">RAPT Therapeutics</a>盘前涨超12%，公司宣布拟公开发行1.25亿美元普通股。</p>\n<p><a href=\"https://laohu8.com/S/VRM\">Vroom</a>盘前跌超5%，此前宣布拟发行5亿美元2026年到期的可转换高级票据。</p>\n<p><a href=\"https://laohu8.com/S/QD\">趣店</a>盘前跌超8%，第一季度营收5.157亿元，同比下滑。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{"CAN":"嘉楠科技","RIOT":"Riot Platforms","BA":"波音","BTBT":"Bit Digital, Inc.",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","CLNE":"Clean Energy Fuels Corp","RAPT":"RAPT Therapeutics, Inc.",".DJI":"道琼斯","MARA":"MARA Holdings","CRSR":"Corsair Gaming, Inc.","VRM":"Vroom, Inc."},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173415624","content_text":"6月15日，美国三大股指期货小幅走高，截至发稿，道指期货涨0.09%；标普500指数期货涨0.14%；纳斯达克100指数期货涨0.15%。\n\nWSB概念股盘前走高，Corsair Gaming涨近6%，Clean Energy Fuels涨超9%，ContextLogic涨超2%。\n区块链概念股盘前普涨，亿邦国际涨超5%，Bit Digital涨超4%，SOS Limited、嘉楠科技、第九城市涨超3%，Marathon Digital、Riot Blockchain涨超2%。\n波音盘前涨近1%，欧盟与美国达成协议以解决波音与空客的贸易纠纷。\n诺瓦瓦克斯医药盘前涨近3%，公司新冠肺炎疫苗整体有效率为90%。\nTorchlight Energy Resources盘前涨超30%，此前申请至多2.5亿美元的混合储架发行。\nRAPT Therapeutics盘前涨超12%，公司宣布拟公开发行1.25亿美元普通股。\nVroom盘前跌超5%，此前宣布拟发行5亿美元2026年到期的可转换高级票据。\n趣店盘前跌超8%，第一季度营收5.157亿元，同比下滑。","news_type":1},"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164921048,"gmtCreate":1624166808084,"gmtModify":1703830016601,"author":{"id":"3578103144286861","authorId":"3578103144286861","name":"siwei","avatar":"https://static.tigerbbs.com/1a5dbb7433760984d1235d8f35851e90","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578103144286861","authorIdStr":"3578103144286861"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164921048","repostId":"1161408410","repostType":4,"repost":{"id":"1161408410","kind":"news","pubTimestamp":1624065771,"share":"https://ttm.financial/m/news/1161408410?lang=&edition=fundamental","pubTime":"2021-06-19 09:22","market":"us","language":"en","title":"Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie","url":"https://stock-news.laohu8.com/highlight/detail?id=1161408410","media":"benzinga","summary":"Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers,","content":"<p><i>Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.</i></p>\n<p>If you were living in the New York metropolitan area during the 1970s and 1980s, you probably remember the commercials for the Crazy Eddie electronics retail chain. They were impossible to miss:&nbsp;More than 7,500 spots featuring a frenetic, motor-mouthed spokesperson bombilating frenetically about the “in-saaaaaaaaane” discounts offered by the store.</p>\n<p>Crazy Eddie was never the biggest retail operation in the region. At its peak, there were only 43 locations spread across four states.</p>\n<p>But the ubiquity of the commercials made it seem more prominent than it actually was, and the excess attention eventually brought harsh spotlights on the financial chicanery perpetrated by its chief executive,<b>Eddie Antar.</b></p>\n<p><b>An Audacious Start:</b>Eddie Antar was born in Brooklyn, New York,&nbsp;on Dec. 18, 1947, the grandson of Syrian Jewish immigrants. Antar was an intelligent youth but found school boring, dropping out at 16 to work odd jobs before setting up a small stand at New York’s Port Authority in the heart of Manhattan where he sold portable televisions. While Antar belatedly realized he had the wrong product line in the wrong location, he used the experience to sharpen his sales skills.</p>\n<p>By 1969, Antar saved up enough money to go into business with his father Sam and cousin named Ronnie Gindi, creating a retail operation called ERS Electronics. They opened an electronics store in the Kings Highway business shopping district in Brooklyn called Sights and Sounds.</p>\n<p>At the time, small and independently-owned electronics retailers operated at a significant disadvantage against major chains due to the fair trade laws of the era that enabled manufacturers to establish a single standard retail price&nbsp;all retailers needed to list. To stand out from the competition, Antar challenged the laws by marking down his merchandise, thus offering a discount absent elsewhere in this retail sector.</p>\n<p>Some manufacturers got wise to this and refused to do business with Antar, but he circumvented their boycott by purchasing excess stock from other businesses and obtaining products through grey-market channels from overseas sources.</p>\n<p>The stress was great and Gindi eventually lost interest in the enterprise, selling his one-third of the business to Antar.</p>\n<p>But how could the store remain afloat financially through its seemingly reckless discounting? As Antar’s father Sam would later recall in an interview, the lo-fi nature of old-school retailing work&nbsp;enabled them to put their ethics on hold.</p>\n<p>“Back then, most customers paid in cash,” he said. “If we don’t disclose the sale, we keep the sales tax. That’s a good cushion to be able to afford to beat the competition.”</p>\n<p>Sights and Sounds began to attract bargain hunters from outside of Brooklyn and Antar turned into something of a one-man, in-store comedy show, going so far as taking the shoes of cash-strapped customers who wanted to buy stereos for deposits and jokingly preventing shoppers from leaving unless they made a purchase.</p>\n<p>Antar’s shtick was so amusing that his first wife Deborah came home one evening in 1971 with a story about how one of her co-workers was talking about his shopping trip to Sights and Sounds.</p>\n<p>The co-worker, who was unaware of Deborah’s connection to the store, talked happily about dealing with a salesperson that he dubbed “Crazy Eddie.” At that point, Antar decided to change the name of Sights and Sounds to Crazy Eddie.</p>\n<p><b>An Advertising Assault:</b>The fair trade law that initially stifled Antar and other smaller businesses was repealed in 1972. Antar’s aggressive discounting and colorful personality enabled him to prepare for a business expansion —&nbsp;he moved to a larger store on Kings Highway, then opened a location in the Long Island town of Syosset in 1973 and in the heart of Manhattan in 1975.</p>\n<p>Antar recognized how his larger competitors used advertising to their advantage, and in 1972 he began marketing his business over the airwaves via WPIX-FM, a popular music station that mixed rock oldies with current Top 40 hits. Antar created an ad copy script that would be read live on the air by Jerry Carroll, one of the station’s disk jockeys. But Carroll decided to improvise, reading the copy in a mock-frenzied manner and creating a new closing line with “Crazy Eddie —&nbsp;his prices are in-saaaaaaaaane.”</p>\n<p>Rather than be upset by the deviation to the script, Antar was ecstatic with Carroll’s flippant approach as&nbsp;his delivery stood out wildly from the other advertising running on the station. Antar contracted Carroll to be his on-air pitchman for radio, and in 1975 Carroll was brought in front of the cameras for a television campaign.</p>\n<p>It was through the television commercials&nbsp;Crazy Eddie became the center of consumer attention. For the next 10 years, the commercials offered endless variations on the same set-up: Carroll wore the same outfit — a dark blazer and a turtleneck sweater —&nbsp;and stood surrounded by displays of the electronics being peddled.</p>\n<p>Each commercial ran about 30 seconds, but Carroll spoke so rapidly that it seemed he was trying to cover 60 seconds of a script in half of his allotted time.</p>\n<p>Carroll’s physical delivery was comically spastic, with flailing arms, bulging eyes and the most manic smile this side of the Joker.</p>\n<p>He would inevitably challenge shoppers to “shop around, get the best prices you can find, then bring ’em to Crazy Eddie and he’ll beat ’em.” And each commercial ended with Carroll stretching his arms out while proclaiming, “Crazy Eddie —&nbsp;his prices are in-saaaaaaaaane.”</p>\n<p>There would be a few variations to the presentation, including a Christmas season ad campaign and a “Christmas in August” summertime effort with Carroll dressed in a Santa suit while being pelted with Styrofoam snowballs and papery snowflakes.</p>\n<p>A couple of movie spoof spots put Carroll in parodies of “Casablanca,” “Saturday Night Fever,” “Superman” and “10,” and one ad had a man in a gorilla suit grunting dialogue while subtitles offered simian-to-English translations.</p>\n<p><b>Not So Funny:</b>After the commercials came on in full force, Crazy Eddie generated $350 million in annual revenue during its prime years.</p>\n<p>But as Crazy Eddie grew, Antar’s approach to business became more problematic: cash payments were not recorded, the sales tax was pocketed and employees received off-the-books pay rather than paychecks that clearly deducted federal and state taxes.</p>\n<p>Antar helped finance his cousin Sam Antar’s college education and brought him on as a chief financial officer, but Sam would later recall this was not done out of love of family.</p>\n<p>“The whole purpose of the business was to commit premeditated fraud,” Sam recounted in an interview with MentalFloss.com. “My family put me through college to help them commit more sophisticated fraud in the future. I was trained to be a criminal.</p>\n<p>\"People have a certain idea of Crazy Eddie —&nbsp;in reality, it was a dark criminal enterprise.”</p>\n<p>Antar initially kept his ill-gotten gains hidden within his home, but later began sending the money far into the world. Offshore bank accounts in Canada, Gibraltar, Israel, Liberia, Luxembourg, Panama and Switzerland were set up, and by the early 1980s, Antar and his family were skimming upwards of $4 million annually in unreported income and unpaid taxes.</p>\n<p>Eventually, the graft became too big to easily hide. The solution, Antar theorized, was not to hide but to be in the greatest spotlight imaginable:&nbsp;Antar decided to take Crazy Eddie public.</p>\n<p><b>Hello, Wall Street:</b>Crazy Eddie conducted its initial public offering on Sept. 13, 1984, taking the NASDAQ symbol CRZY. The popularity of the television commercials helped bring in the initial wave of investor interest, while gourmet-level cooked books gave the phony impression of a well-run retail operation.</p>\n<p>Two years after first trading at $8 a share, Crazy Eddie stock was at a split-adjusted $75 per share.</p>\n<p>Why Antar believed he could continue with his shenanigans amid the added scrutiny given to public companies is a mystery, but by 1987 he found himself in lethal shoals.</p>\n<p>The increased retail competition saw Crazy Eddie’s sales decline, resulting in a tumbling stock price.</p>\n<p>Antar announced his resignation in December 1986, but four months later he shocked shareholders by revealing he never stepped down —&nbsp;and&nbsp;while still at the helm, he sold off his shares in the company, gaining about $30 million in the transaction.</p>\n<p>The company had begun planning to go private when an outside investor group successfully agitated to take over what they believed to be a struggling but respectable company. But when their auditors came in, they were flabbergasted to find grossly exaggerated inventories of up to $28 million, $20 million in phony debit memos to vendors and sales reports that were closer to fiction than accountancy.</p>\n<p>The chain went bankrupt in 1989 and was forced to shut down its retail network. Federal and state investigations overwhelmed what remained of the Crazy Eddie and Antar was hit with an endless flurry of lawsuits.</p>\n<p>\"By any measure, this is a staggering securities fraud,\" said<b>Michael Chertoff</b>, the U.S. Attorney for New Jersey, who accused the Antars of creating \"a giant bubble\" rather than a successful business.</p>\n<p>By 1990, Antar disappeared after failing to appear at a court hearing. He obtained a phony U.S. passport issued to “Harry Page Shalom” and left the country. After a two-year global search, he was located in 1992 in a Tel Aviv suburb living under the name Alexander Stewart.</p>\n<p>Antar was brought back to the U.S. to find his cousin Sam Antar had taken a plea deal with federal prosecutors and agreed to testify against him in court.</p>\n<p>“There’s no better motivator than a 20-year prison term,” Sam Antar stated. “I didn’t cooperate because I found God. I cooperated to save my ass.”</p>\n<p>In July 2013, Antar was found guilty of 17 counts of fraud and sentenced to 12½ years in prison. Two years later, his verdicts were overturned on appeal.</p>\n<p>Rather than face the stress of another trial, Antar pleaded guilty to federal fraud charges in May 1996 and was sentenced in 1997 to eight years in prison.</p>\n<p><b>The Legend Lives On:</b>Antar was released after four years in prison and federal law enforcement officials managed to find more than $120 million from his offshore bank accounts, which was repaid to investors.</p>\n<p>Several attempts occurred over the subsequent years to revive the Crazy Eddie brand, first as a brick-and-mortar retailer and then as an e-commerce venture, but all of these efforts failed.</p>\n<p>In June 2019,<b>Jon Turteltaub</b>, the director of the “National Treasure” film franchise, announced plans to make a biopic about Antar. But that project has yet to come to life.</p>\n<p>Many of the Crazy Eddie commercials can be found on YouTube, and marketing experts consider them to be among the most imaginative and successful examples of television advertising.</p>\n<p>Antar stayed out of the public light after leaving prison and died of complications from liver cancer on Sept. 10, 2016. He never publicly spoke about his past, although in a brief late-life exchange with a Newark Star-Ledger reporter he acknowledged the unique impact he had on retailing.</p>\n<p>“Everybody knows Crazy Eddie,” he said. “What can I tell you? I changed the business. I changed the whole business.”</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 09:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIf ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie\">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.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161408410","content_text":"Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIf you were living in the New York metropolitan area during the 1970s and 1980s, you probably remember the commercials for the Crazy Eddie electronics retail chain. They were impossible to miss: More than 7,500 spots featuring a frenetic, motor-mouthed spokesperson bombilating frenetically about the “in-saaaaaaaaane” discounts offered by the store.\nCrazy Eddie was never the biggest retail operation in the region. At its peak, there were only 43 locations spread across four states.\nBut the ubiquity of the commercials made it seem more prominent than it actually was, and the excess attention eventually brought harsh spotlights on the financial chicanery perpetrated by its chief executive,Eddie Antar.\nAn Audacious Start:Eddie Antar was born in Brooklyn, New York, on Dec. 18, 1947, the grandson of Syrian Jewish immigrants. Antar was an intelligent youth but found school boring, dropping out at 16 to work odd jobs before setting up a small stand at New York’s Port Authority in the heart of Manhattan where he sold portable televisions. While Antar belatedly realized he had the wrong product line in the wrong location, he used the experience to sharpen his sales skills.\nBy 1969, Antar saved up enough money to go into business with his father Sam and cousin named Ronnie Gindi, creating a retail operation called ERS Electronics. They opened an electronics store in the Kings Highway business shopping district in Brooklyn called Sights and Sounds.\nAt the time, small and independently-owned electronics retailers operated at a significant disadvantage against major chains due to the fair trade laws of the era that enabled manufacturers to establish a single standard retail price all retailers needed to list. To stand out from the competition, Antar challenged the laws by marking down his merchandise, thus offering a discount absent elsewhere in this retail sector.\nSome manufacturers got wise to this and refused to do business with Antar, but he circumvented their boycott by purchasing excess stock from other businesses and obtaining products through grey-market channels from overseas sources.\nThe stress was great and Gindi eventually lost interest in the enterprise, selling his one-third of the business to Antar.\nBut how could the store remain afloat financially through its seemingly reckless discounting? As Antar’s father Sam would later recall in an interview, the lo-fi nature of old-school retailing work enabled them to put their ethics on hold.\n“Back then, most customers paid in cash,” he said. “If we don’t disclose the sale, we keep the sales tax. That’s a good cushion to be able to afford to beat the competition.”\nSights and Sounds began to attract bargain hunters from outside of Brooklyn and Antar turned into something of a one-man, in-store comedy show, going so far as taking the shoes of cash-strapped customers who wanted to buy stereos for deposits and jokingly preventing shoppers from leaving unless they made a purchase.\nAntar’s shtick was so amusing that his first wife Deborah came home one evening in 1971 with a story about how one of her co-workers was talking about his shopping trip to Sights and Sounds.\nThe co-worker, who was unaware of Deborah’s connection to the store, talked happily about dealing with a salesperson that he dubbed “Crazy Eddie.” At that point, Antar decided to change the name of Sights and Sounds to Crazy Eddie.\nAn Advertising Assault:The fair trade law that initially stifled Antar and other smaller businesses was repealed in 1972. Antar’s aggressive discounting and colorful personality enabled him to prepare for a business expansion — he moved to a larger store on Kings Highway, then opened a location in the Long Island town of Syosset in 1973 and in the heart of Manhattan in 1975.\nAntar recognized how his larger competitors used advertising to their advantage, and in 1972 he began marketing his business over the airwaves via WPIX-FM, a popular music station that mixed rock oldies with current Top 40 hits. Antar created an ad copy script that would be read live on the air by Jerry Carroll, one of the station’s disk jockeys. But Carroll decided to improvise, reading the copy in a mock-frenzied manner and creating a new closing line with “Crazy Eddie — his prices are in-saaaaaaaaane.”\nRather than be upset by the deviation to the script, Antar was ecstatic with Carroll’s flippant approach as his delivery stood out wildly from the other advertising running on the station. Antar contracted Carroll to be his on-air pitchman for radio, and in 1975 Carroll was brought in front of the cameras for a television campaign.\nIt was through the television commercials Crazy Eddie became the center of consumer attention. For the next 10 years, the commercials offered endless variations on the same set-up: Carroll wore the same outfit — a dark blazer and a turtleneck sweater — and stood surrounded by displays of the electronics being peddled.\nEach commercial ran about 30 seconds, but Carroll spoke so rapidly that it seemed he was trying to cover 60 seconds of a script in half of his allotted time.\nCarroll’s physical delivery was comically spastic, with flailing arms, bulging eyes and the most manic smile this side of the Joker.\nHe would inevitably challenge shoppers to “shop around, get the best prices you can find, then bring ’em to Crazy Eddie and he’ll beat ’em.” And each commercial ended with Carroll stretching his arms out while proclaiming, “Crazy Eddie — his prices are in-saaaaaaaaane.”\nThere would be a few variations to the presentation, including a Christmas season ad campaign and a “Christmas in August” summertime effort with Carroll dressed in a Santa suit while being pelted with Styrofoam snowballs and papery snowflakes.\nA couple of movie spoof spots put Carroll in parodies of “Casablanca,” “Saturday Night Fever,” “Superman” and “10,” and one ad had a man in a gorilla suit grunting dialogue while subtitles offered simian-to-English translations.\nNot So Funny:After the commercials came on in full force, Crazy Eddie generated $350 million in annual revenue during its prime years.\nBut as Crazy Eddie grew, Antar’s approach to business became more problematic: cash payments were not recorded, the sales tax was pocketed and employees received off-the-books pay rather than paychecks that clearly deducted federal and state taxes.\nAntar helped finance his cousin Sam Antar’s college education and brought him on as a chief financial officer, but Sam would later recall this was not done out of love of family.\n“The whole purpose of the business was to commit premeditated fraud,” Sam recounted in an interview with MentalFloss.com. “My family put me through college to help them commit more sophisticated fraud in the future. I was trained to be a criminal.\n\"People have a certain idea of Crazy Eddie — in reality, it was a dark criminal enterprise.”\nAntar initially kept his ill-gotten gains hidden within his home, but later began sending the money far into the world. Offshore bank accounts in Canada, Gibraltar, Israel, Liberia, Luxembourg, Panama and Switzerland were set up, and by the early 1980s, Antar and his family were skimming upwards of $4 million annually in unreported income and unpaid taxes.\nEventually, the graft became too big to easily hide. The solution, Antar theorized, was not to hide but to be in the greatest spotlight imaginable: Antar decided to take Crazy Eddie public.\nHello, Wall Street:Crazy Eddie conducted its initial public offering on Sept. 13, 1984, taking the NASDAQ symbol CRZY. The popularity of the television commercials helped bring in the initial wave of investor interest, while gourmet-level cooked books gave the phony impression of a well-run retail operation.\nTwo years after first trading at $8 a share, Crazy Eddie stock was at a split-adjusted $75 per share.\nWhy Antar believed he could continue with his shenanigans amid the added scrutiny given to public companies is a mystery, but by 1987 he found himself in lethal shoals.\nThe increased retail competition saw Crazy Eddie’s sales decline, resulting in a tumbling stock price.\nAntar announced his resignation in December 1986, but four months later he shocked shareholders by revealing he never stepped down — and while still at the helm, he sold off his shares in the company, gaining about $30 million in the transaction.\nThe company had begun planning to go private when an outside investor group successfully agitated to take over what they believed to be a struggling but respectable company. But when their auditors came in, they were flabbergasted to find grossly exaggerated inventories of up to $28 million, $20 million in phony debit memos to vendors and sales reports that were closer to fiction than accountancy.\nThe chain went bankrupt in 1989 and was forced to shut down its retail network. Federal and state investigations overwhelmed what remained of the Crazy Eddie and Antar was hit with an endless flurry of lawsuits.\n\"By any measure, this is a staggering securities fraud,\" saidMichael Chertoff, the U.S. Attorney for New Jersey, who accused the Antars of creating \"a giant bubble\" rather than a successful business.\nBy 1990, Antar disappeared after failing to appear at a court hearing. He obtained a phony U.S. passport issued to “Harry Page Shalom” and left the country. After a two-year global search, he was located in 1992 in a Tel Aviv suburb living under the name Alexander Stewart.\nAntar was brought back to the U.S. to find his cousin Sam Antar had taken a plea deal with federal prosecutors and agreed to testify against him in court.\n“There’s no better motivator than a 20-year prison term,” Sam Antar stated. “I didn’t cooperate because I found God. I cooperated to save my ass.”\nIn July 2013, Antar was found guilty of 17 counts of fraud and sentenced to 12½ years in prison. Two years later, his verdicts were overturned on appeal.\nRather than face the stress of another trial, Antar pleaded guilty to federal fraud charges in May 1996 and was sentenced in 1997 to eight years in prison.\nThe Legend Lives On:Antar was released after four years in prison and federal law enforcement officials managed to find more than $120 million from his offshore bank accounts, which was repaid to investors.\nSeveral attempts occurred over the subsequent years to revive the Crazy Eddie brand, first as a brick-and-mortar retailer and then as an e-commerce venture, but all of these efforts failed.\nIn June 2019,Jon Turteltaub, the director of the “National Treasure” film franchise, announced plans to make a biopic about Antar. But that project has yet to come to life.\nMany of the Crazy Eddie commercials can be found on YouTube, and marketing experts consider them to be among the most imaginative and successful examples of television advertising.\nAntar stayed out of the public light after leaving prison and died of complications from liver cancer on Sept. 10, 2016. He never publicly spoke about his past, although in a brief late-life exchange with a Newark Star-Ledger reporter he acknowledged the unique impact he had on retailing.\n“Everybody knows Crazy Eddie,” he said. “What can I tell you? I changed the business. I changed the whole business.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}