grazinggrace personal page - To The Moon

grazinggrace

grazinggrace

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2021-08-05

liq now

2021-08-05

Iiq 1

2021-08-05

Liq now

2021-08-02

$Exela Technologies, Inc.(XELA)$sometimes holding works

2021-07-31

Gnugugugufflfgx

2021-07-31

Ues

Sorry, the original content has been removed

2021-07-31

2021-07-30

Coming

2021-07-28

Here what's the drop for

2021-07-27

$Exela Technologies, Inc.(XELA)$finally

2021-07-16

I hope

Fed's Powell rapped on inflation, regulations in Senate hearing

2021-07-16

Verbtab

AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus

2021-07-13

$Exela Technologies, Inc.(XELA)$wasted

2021-07-09

Yes

Richard Branson Revives Daredevil Persona at 70 With Historic Space Shot

2021-07-08

$Dare Bioscience(DARE)$you dare?

2021-07-08

$Exela Technologies, Inc.(XELA)$not too bad

2021-07-08

Ok

JPMorgan Bosses Predict Banks’ Long Trading Slump Gone for Good

2021-07-08

$ContextLogic Inc.(WISH)$wishinh

2021-07-06

Sold too early

2021-07-02

$Marin(MRIN)$ok

Go to Tiger App to see more news

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what's the drop for","listText":"Here what's the drop for","text":"Here what's the drop for","images":[{"img":"https://static.tigerbbs.com/37554985fe879749419765e349f46ee3","width":"1080","height":"3452"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803963703","isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":809561316,"gmtCreate":1627379855135,"gmtModify":1703488760688,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>finally&nbsp;","listText":"<a href=\"https://laohu8.com/S/XELA\">$Exela 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$3!"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":147547037,"gmtCreate":1626367873129,"gmtModify":1703758883827,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"I hope","listText":"I hope","text":"I hope","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147547037","repostId":"1198426679","repostType":4,"repost":{"id":"1198426679","pubTimestamp":1626362298,"share":"https://ttm.financial/m/news/1198426679?lang=&edition=fundamental","pubTime":"2021-07-15 23:18","market":"us","language":"en","title":"Fed's Powell rapped on inflation, regulations in Senate hearing","url":"https://stock-news.laohu8.com/highlight/detail?id=1198426679","media":"Reuters","summary":"WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell faced sharp questions about inflation","content":"<p>WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell faced sharp questions about inflation and banking regulation in a hearing before the Senate Banking Committee on Thursday, issues likely to be at the forefront in his possible renomination to the top Fed post.</p>\n<p>Powell delivered the same pledge of “powerful support” to complete the U.S. economic recovery as he did on Wednesday before the House Financial Services Committee, an indication he sees no need to rush the withdrawal of support from the economy because of a recent jump in inflation.</p>\n<p>Republicans on the panel, however, picked up where their House colleagues left off, challenging Powell on whether the sharp acceleration in inflation will, as the Fed expects, prove temporary or not.</p>\n<p>“The Fed’s current paradigm almost guarantees the Fed will be behind the curve,” in keeping inflation anchored at the central bank’s 2% average target, said Pennsylvania Republican Pat Toomey. The central bank’s ongoing bond purchases, particularly of mortgage-backed securities, “is puzzling,” he added, at a time when house prices are rocketing higher.</p>\n<p>The panel’s Democratic chair, Sherrod Brown of Ohio, in his opening statement and in questions to Powell argued the central bank had weakened the regulation of big banks, allowing them to boost dividends and stock buybacks.</p>\n<p>“The Fed has rolled back important safeguards making it easier for the banks to pump up the price of their stock,” Brown said.</p>\n<p>Powell pushed back, saying that the Fed was closely watching the path of inflation but considers it “unique in history,” an offshoot of the pandemic reopening and not likely to persist. The level of capital banks are currently required to set aside, unavailable for dividend or other payments, is “about right,” he said.</p>\n<p>Those issues - Powell’s oversight of a possibly overheating economy, and his supervision of Wall Street - will be core to the Biden administration’s decision of whether to renominate him to a second 4-year term when his current one expires early next year.</p>\n<p>The Senate Banking Committee would be the first stop in his confirmation.</p>\n<p>Powell has made a point of building relationships on Capitol Hill - and particularly with the banking panel, which provides direct oversight in the form of twice-yearly monetary policy hearings.</p>\n<p>A Reuters analysis of Powell’s meeting calendar shows that in his 3-1/2 years as Fed chair he has met personally with every current member of the banking committee, splitting the meetings evenly between Democrats and Republicans. He has spent eight hours just with Brown.</p>\n<p>That may have paid off in some good will.</p>\n<p>Republican Senator John Kennedy of Louisiana thanked Powell for keeping the economy “in the middle of the road” through the pandemic, even if it was sometimes done with “spit and happy thoughts.”</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>Fed's Powell rapped on inflation, regulations in Senate hearing</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\">\nFed's Powell rapped on inflation, regulations in Senate hearing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 23:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-fed/update-1-feds-powell-rapped-on-inflation-regulations-in-senate-hearing-idUSL1N2OR1BY><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell faced sharp questions about inflation and banking regulation in a hearing before the Senate Banking Committee on Thursday, issues likely ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-fed/update-1-feds-powell-rapped-on-inflation-regulations-in-senate-hearing-idUSL1N2OR1BY\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/article/usa-fed/update-1-feds-powell-rapped-on-inflation-regulations-in-senate-hearing-idUSL1N2OR1BY","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198426679","content_text":"WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell faced sharp questions about inflation and banking regulation in a hearing before the Senate Banking Committee on Thursday, issues likely to be at the forefront in his possible renomination to the top Fed post.\nPowell delivered the same pledge of “powerful support” to complete the U.S. economic recovery as he did on Wednesday before the House Financial Services Committee, an indication he sees no need to rush the withdrawal of support from the economy because of a recent jump in inflation.\nRepublicans on the panel, however, picked up where their House colleagues left off, challenging Powell on whether the sharp acceleration in inflation will, as the Fed expects, prove temporary or not.\n“The Fed’s current paradigm almost guarantees the Fed will be behind the curve,” in keeping inflation anchored at the central bank’s 2% average target, said Pennsylvania Republican Pat Toomey. The central bank’s ongoing bond purchases, particularly of mortgage-backed securities, “is puzzling,” he added, at a time when house prices are rocketing higher.\nThe panel’s Democratic chair, Sherrod Brown of Ohio, in his opening statement and in questions to Powell argued the central bank had weakened the regulation of big banks, allowing them to boost dividends and stock buybacks.\n“The Fed has rolled back important safeguards making it easier for the banks to pump up the price of their stock,” Brown said.\nPowell pushed back, saying that the Fed was closely watching the path of inflation but considers it “unique in history,” an offshoot of the pandemic reopening and not likely to persist. The level of capital banks are currently required to set aside, unavailable for dividend or other payments, is “about right,” he said.\nThose issues - Powell’s oversight of a possibly overheating economy, and his supervision of Wall Street - will be core to the Biden administration’s decision of whether to renominate him to a second 4-year term when his current one expires early next year.\nThe Senate Banking Committee would be the first stop in his confirmation.\nPowell has made a point of building relationships on Capitol Hill - and particularly with the banking panel, which provides direct oversight in the form of twice-yearly monetary policy hearings.\nA Reuters analysis of Powell’s meeting calendar shows that in his 3-1/2 years as Fed chair he has met personally with every current member of the banking committee, splitting the meetings evenly between Democrats and Republicans. He has spent eight hours just with Brown.\nThat may have paid off in some good will.\nRepublican Senator John Kennedy of Louisiana thanked Powell for keeping the economy “in the middle of the road” through the pandemic, even if it was sometimes done with “spit and happy thoughts.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147544969,"gmtCreate":1626367799551,"gmtModify":1703758881885,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"Verbtab","listText":"Verbtab","text":"Verbtab","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147544969","repostId":"1164987892","repostType":4,"repost":{"id":"1164987892","pubTimestamp":1626362690,"share":"https://ttm.financial/m/news/1164987892?lang=&edition=fundamental","pubTime":"2021-07-15 23:24","market":"us","language":"en","title":"AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=1164987892","media":"Thestreet","summary":"Shares of meme-stock veteran AMC Entertainment (AMC) and business software provider Verb Technology ","content":"<p>Shares of meme-stock veteran AMC Entertainment&nbsp;(<b>AMC</b>)&nbsp;and&nbsp;business software provider Verb Technology&nbsp;(<b>VERB</b>)&nbsp;rose on Thursday, while&nbsp;GameStop&nbsp;(<b>GME</b>)&nbsp;declined.</p>\n<p>AMC, Leawood, Kan., the country’s largest owner of movie theaters and&nbsp;perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.</p>\n<p>The granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop,&nbsp;recently traded at $166.96, off 0.4%.</p>\n<p>And Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.</p>\n<p>Mediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.</p>\n<p>James “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.</p>\n<p>\"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"</p>\n<p>Further, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.</p>\n<p>“There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"</p>\n<p>TheStreet.com Founder&nbsp;Jim Cramer also expressed caution&nbsp;this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”</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>AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus</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\">\nAMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 23:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/meme-stocks-amc-and-verb-tech-rise-gamestop-falls?puc=yahoo&cm_ven=YAHOO><strong>Thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of meme-stock veteran AMC Entertainment (AMC) and business software provider Verb Technology (VERB) rose on Thursday, while GameStop (GME) declined.\nAMC, Leawood, Kan., the country’s largest ...</p>\n\n<a href=\"https://www.thestreet.com/investing/meme-stocks-amc-and-verb-tech-rise-gamestop-falls?puc=yahoo&cm_ven=YAHOO\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","VERB":"Verb Technology Co., Inc.","AMC":"AMC院线"},"source_url":"https://www.thestreet.com/investing/meme-stocks-amc-and-verb-tech-rise-gamestop-falls?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164987892","content_text":"Shares of meme-stock veteran AMC Entertainment (AMC) and business software provider Verb Technology (VERB) rose on Thursday, while GameStop (GME) declined.\nAMC, Leawood, Kan., the country’s largest owner of movie theaters and perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.\nThe granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop, recently traded at $166.96, off 0.4%.\nAnd Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.\nMediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.\nJames “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.\n\"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"\nFurther, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.\n“There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"\nTheStreet.com Founder Jim Cramer also expressed caution this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142817870,"gmtCreate":1626140749690,"gmtModify":1703754119639,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>wasted","listText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>wasted","text":"$Exela Technologies, Inc.(XELA)$wasted","images":[{"img":"https://static.tigerbbs.com/c81a620e3662c8c90c588afdf0fc55ab","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142817870","isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":141051397,"gmtCreate":1625826976119,"gmtModify":1703749350971,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/141051397","repostId":"1133830411","repostType":4,"repost":{"id":"1133830411","pubTimestamp":1625824964,"share":"https://ttm.financial/m/news/1133830411?lang=&edition=fundamental","pubTime":"2021-07-09 18:02","market":"us","language":"en","title":"Richard Branson Revives Daredevil Persona at 70 With Historic Space Shot","url":"https://stock-news.laohu8.com/highlight/detail?id=1133830411","media":"Bloomberg","summary":"Richard Branson’s rocket-powered trip to the edge of space on Sunday will mark a return to the dared","content":"<p>Richard Branson’s rocket-powered trip to the edge of space on Sunday will mark a return to the daredevil exploits that first established the billionaire’s swashbuckling reputation.</p>\n<p>For decades, Branson engaged in a series of record-breaking stunts in which he kite-surfed for 30 miles (48 kilometers) between England and France, crossed the Atlantic Ocean by speedboat in just three days and then spanned the Pacific in a hot-air balloon at speeds of as much as 245 miles per hour.</p>\n<p>While the high-octane escapades propelled Branson to near rock-star status and attracted huge publicity for hisVirgin Groupcompanies, they also saw the Briton rescued by emergency services on multiple occasions. That prompted him to dial down the risk taking to comparatively sedate activities such as bungee jumping, yacht racing and a 2,000-kilometer triathlon.</p>\n<p>But the race to establish the world’s first space-tourism venture has revived the aging entrepreneur’s buccaneering spirit. After the announcement last month thatAmazon.com Inc.founder Jeff Bezos would ride on rocket made by his Blue Origin company on July 20, Branson declared that he’d be aboard aVirgin Galactic Holdings Inc.test flight nine days earlier -- a week before he turns 71.</p>\n<p>Will Whitehorn, a former president of Virgin Galactic who helped establish the company, said the move is typical of Branson, whose mantra of “Screw It, Let’s Do It” and a propensity to approve even the most challenging projects led staff to nickname him “Dr. Yes.”</p>\n<p>“Richard is not a fearful person, but he’s also a thoughtful person,” Whitehorn, now president of the UKspace trade association, said in an interview. “He would not be going if he did not believe that this was safe. And if he manages to beat Jeff Bezos, good luck to him.”</p>\n<p>The decision to fly followed approval from the U.S. Federal Aviation Administration for Virgin Galactic to carry fee-paying passengers.</p>\n<p>“You can’t expect scientists and space tourists to go if the boss is not prepared to,” Whitehorn said.</p>\n<p><b>Deadly Crash</b></p>\n<p>Branson will journey in Virgin’s VSS Unity spaceplane, itself carried aloft by a so-called mothership aircraft, in a trip that’s expected to take about 90 minutes from takeoff to landing. After being released from the carrier plane, the Unity will ignite a rocket engine to propel it to a height of 55 miles above Earth.</p>\n<p>That’s beyond the boundary recognized by the U.S. National Aeronautics and Space Administration as the edge of space, although short of the Karman Line, an internationally recognized space frontier at 62 miles from the planet.</p>\n<p>The same Virgin Galactic spacecraft model suffered a crash that killed a test pilot in 2014, when a descent mechanism was triggered with the rocket still climbing. The company did an extensive design modification to prevent that from happening again.</p>\n<p>Chief Executive Officer Michael Colglazier said earlier this month that the company is ready for Branson’s trip after a successful test flight in May.</p>\n<p>Branson, who was knighted in 1999 by Queen Elizabeth II for “services to entrepreneurship,” has a net worth of about $7.5 billion according to theBloomberg Billionaires Index. More than 40 Virgin-brand businesses collect annual revenue of about $22 billion through partnerships, affiliations and direct holdings, a spokeswoman said in December. As with Virgin Galactic, he has typically left day-to-day management to hired executives.</p>\n<p>His business career -- spanning everything from a punk record label to gyms, bridal wear, bank accounts, a mobile phone provider and the airline for which he’s been best known -- has been as varied as his extra-curricular activities.</p>\n<p>After running a student magazine at the age of 16, his first serious foray into commerce was through a mail-order music distributor and shop that got him a costly conviction for tax evasion. Undeterred, he went on to found Virgin Records in 1972, with the name chosen to reflect his inexperience in business.</p>\n<p><b>Empire Building</b></p>\n<p>The label was an immediate success as Tubular Bells, the debut album from instrumentalist Mike Oldfield, became a best seller. The company went on to sign artists including the Rolling Stones and the Sex Pistols, the latter helping to enhance Branson’s image as an outsider, earning enough money to bankroll the foundation ofVirgin Atlantic Airways Ltd.in 1984.</p>\n<p>Amid a pattern of selling off all or parts of his various businesses, Branson had an unqualified success with Virgin Mobile, offloaded toNTL:Telewestfor almost 1 billion pounds ($1.4 billion) in 2006, and the subsequent sale of the combinedVirgin MediatoLiberty Globalfor $23 billion in 2013.</p>\n<p>Failures have included a doomed attempt by Virgin Cola to oustCoca-ColaandPepsias the leading U.S. soft drinks, and the condom line Mates, sold off just a year after its launch.</p>\n<p>Plans for an air-launched spaceship were first mooted at Virgin as long ago as 1995, according to Whitehorn, who says he, Branson and Apollo 11 astronaut Buzz Aldrin drafted out the concept on a napkin. Aldrin was enthusiastic about the idea following the success ofX-15 rocket planes launched from a B-52 bomber in the 1960s, Whitehorn said.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e30300f9f55d396c9da2ed2e35b3671e\" tg-width=\"1000\" tg-height=\"641\"><span>Virgin Galactic Unity22 Crew Source: Virgin Galactic</span></p>\n<p>The Virgin Galactic name was registered in 1999, and the company was officially founded five years later. The business model promised the first space tourists a short period of weightlessness along with views of the curvature of the Earth and a look at the sun and stars against the backdrop of space, all for a neat $250,000.</p>\n<p>The 2014 crash set the project back by four years but by 2019 Virgin Galactic was sufficiently on track to become the world’s first publicly traded space-tourism firm, thanks to a deal with a special purpose acquisition company. Virgin Galactic had a market value of more than $12 billion at the close on Thursday in New York.</p>\n<p>The listing in turn helped Branson save Virgin Atlantic when the coronavirus pandemic hit. The U.K. government declined to provide the grounded carrier with state aid, partly as a result of his residence on Necker Island, a tax haven he bought in 1978 in the appropriately named British Virgin Islands. The sale of part of his Virgin Galactic stake allowed him to inject 200 million pounds into the carrier, part of a broader rescue plan.</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>Richard Branson Revives Daredevil Persona at 70 With Historic Space Shot</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\">\nRichard Branson Revives Daredevil Persona at 70 With Historic Space Shot\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-09/branson-revives-daredevil-persona-at-70-with-historic-space-shot><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Richard Branson’s rocket-powered trip to the edge of space on Sunday will mark a return to the daredevil exploits that first established the billionaire’s swashbuckling reputation.\nFor decades, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-09/branson-revives-daredevil-persona-at-70-with-historic-space-shot\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.bloomberg.com/news/articles/2021-07-09/branson-revives-daredevil-persona-at-70-with-historic-space-shot","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133830411","content_text":"Richard Branson’s rocket-powered trip to the edge of space on Sunday will mark a return to the daredevil exploits that first established the billionaire’s swashbuckling reputation.\nFor decades, Branson engaged in a series of record-breaking stunts in which he kite-surfed for 30 miles (48 kilometers) between England and France, crossed the Atlantic Ocean by speedboat in just three days and then spanned the Pacific in a hot-air balloon at speeds of as much as 245 miles per hour.\nWhile the high-octane escapades propelled Branson to near rock-star status and attracted huge publicity for hisVirgin Groupcompanies, they also saw the Briton rescued by emergency services on multiple occasions. That prompted him to dial down the risk taking to comparatively sedate activities such as bungee jumping, yacht racing and a 2,000-kilometer triathlon.\nBut the race to establish the world’s first space-tourism venture has revived the aging entrepreneur’s buccaneering spirit. After the announcement last month thatAmazon.com Inc.founder Jeff Bezos would ride on rocket made by his Blue Origin company on July 20, Branson declared that he’d be aboard aVirgin Galactic Holdings Inc.test flight nine days earlier -- a week before he turns 71.\nWill Whitehorn, a former president of Virgin Galactic who helped establish the company, said the move is typical of Branson, whose mantra of “Screw It, Let’s Do It” and a propensity to approve even the most challenging projects led staff to nickname him “Dr. Yes.”\n“Richard is not a fearful person, but he’s also a thoughtful person,” Whitehorn, now president of the UKspace trade association, said in an interview. “He would not be going if he did not believe that this was safe. And if he manages to beat Jeff Bezos, good luck to him.”\nThe decision to fly followed approval from the U.S. Federal Aviation Administration for Virgin Galactic to carry fee-paying passengers.\n“You can’t expect scientists and space tourists to go if the boss is not prepared to,” Whitehorn said.\nDeadly Crash\nBranson will journey in Virgin’s VSS Unity spaceplane, itself carried aloft by a so-called mothership aircraft, in a trip that’s expected to take about 90 minutes from takeoff to landing. After being released from the carrier plane, the Unity will ignite a rocket engine to propel it to a height of 55 miles above Earth.\nThat’s beyond the boundary recognized by the U.S. National Aeronautics and Space Administration as the edge of space, although short of the Karman Line, an internationally recognized space frontier at 62 miles from the planet.\nThe same Virgin Galactic spacecraft model suffered a crash that killed a test pilot in 2014, when a descent mechanism was triggered with the rocket still climbing. The company did an extensive design modification to prevent that from happening again.\nChief Executive Officer Michael Colglazier said earlier this month that the company is ready for Branson’s trip after a successful test flight in May.\nBranson, who was knighted in 1999 by Queen Elizabeth II for “services to entrepreneurship,” has a net worth of about $7.5 billion according to theBloomberg Billionaires Index. More than 40 Virgin-brand businesses collect annual revenue of about $22 billion through partnerships, affiliations and direct holdings, a spokeswoman said in December. As with Virgin Galactic, he has typically left day-to-day management to hired executives.\nHis business career -- spanning everything from a punk record label to gyms, bridal wear, bank accounts, a mobile phone provider and the airline for which he’s been best known -- has been as varied as his extra-curricular activities.\nAfter running a student magazine at the age of 16, his first serious foray into commerce was through a mail-order music distributor and shop that got him a costly conviction for tax evasion. Undeterred, he went on to found Virgin Records in 1972, with the name chosen to reflect his inexperience in business.\nEmpire Building\nThe label was an immediate success as Tubular Bells, the debut album from instrumentalist Mike Oldfield, became a best seller. The company went on to sign artists including the Rolling Stones and the Sex Pistols, the latter helping to enhance Branson’s image as an outsider, earning enough money to bankroll the foundation ofVirgin Atlantic Airways Ltd.in 1984.\nAmid a pattern of selling off all or parts of his various businesses, Branson had an unqualified success with Virgin Mobile, offloaded toNTL:Telewestfor almost 1 billion pounds ($1.4 billion) in 2006, and the subsequent sale of the combinedVirgin MediatoLiberty Globalfor $23 billion in 2013.\nFailures have included a doomed attempt by Virgin Cola to oustCoca-ColaandPepsias the leading U.S. soft drinks, and the condom line Mates, sold off just a year after its launch.\nPlans for an air-launched spaceship were first mooted at Virgin as long ago as 1995, according to Whitehorn, who says he, Branson and Apollo 11 astronaut Buzz Aldrin drafted out the concept on a napkin. Aldrin was enthusiastic about the idea following the success ofX-15 rocket planes launched from a B-52 bomber in the 1960s, Whitehorn said.\nVirgin Galactic Unity22 Crew Source: Virgin Galactic\nThe Virgin Galactic name was registered in 1999, and the company was officially founded five years later. The business model promised the first space tourists a short period of weightlessness along with views of the curvature of the Earth and a look at the sun and stars against the backdrop of space, all for a neat $250,000.\nThe 2014 crash set the project back by four years but by 2019 Virgin Galactic was sufficiently on track to become the world’s first publicly traded space-tourism firm, thanks to a deal with a special purpose acquisition company. Virgin Galactic had a market value of more than $12 billion at the close on Thursday in New York.\nThe listing in turn helped Branson save Virgin Atlantic when the coronavirus pandemic hit. The U.K. government declined to provide the grounded carrier with state aid, partly as a result of his residence on Necker Island, a tax haven he bought in 1978 in the appropriately named British Virgin Islands. The sale of part of his Virgin Galactic stake allowed him to inject 200 million pounds into the carrier, part of a broader rescue plan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149597825,"gmtCreate":1625734266467,"gmtModify":1703747385765,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DARE\">$Dare Bioscience(DARE)$</a>you dare?","listText":"<a href=\"https://laohu8.com/S/DARE\">$Dare Bioscience(DARE)$</a>you dare?","text":"$Dare Bioscience(DARE)$you dare?","images":[{"img":"https://static.tigerbbs.com/6555853a10974ef931e7520eb997e2b0","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149597825","isVote":1,"tweetType":1,"viewCount":295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":149095260,"gmtCreate":1625684085250,"gmtModify":1703746370443,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>not too bad","listText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>not too bad","text":"$Exela Technologies, Inc.(XELA)$not too bad","images":[{"img":"https://static.tigerbbs.com/2e0412eb8f4cba16f10f60b1f5c359a2","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149095260","isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":140764627,"gmtCreate":1625674483469,"gmtModify":1703746285739,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140764627","repostId":"1128775379","repostType":4,"repost":{"id":"1128775379","pubTimestamp":1625671136,"share":"https://ttm.financial/m/news/1128775379?lang=&edition=fundamental","pubTime":"2021-07-07 23:18","market":"us","language":"en","title":"JPMorgan Bosses Predict Banks’ Long Trading Slump Gone for Good","url":"https://stock-news.laohu8.com/highlight/detail?id=1128775379","media":"Bloomberg","summary":"(Bloomberg) -- Before 2020 unleashed a windfall for Wall Street traders, life in the business kept g","content":"<p>(Bloomberg) -- Before 2020 unleashed a windfall for Wall Street traders, life in the business kept getting harder as revenue weakened. Now, as the pandemic’s flurry of activity fades, the question is whether the decade-long slide will continue.</p>\n<p>The answer is no, according to Daniel Pinto, who oversees JPMorgan Chase &amp; Co.’s massive Wall Street operations.</p>\n<p>The industry’s collective revenue from trading -- its “wallet” -- probably reached its nadir before Covid-19, he said in an interview. And from those depths, things are likely to improve for years to come. That is, setting aside 2020.</p>\n<p>“You’re going to have, over time, an increasing wallet,” said Pinto, the bank’s co-president and co-chief operating officer. Post-crisis regulations and changes in market structure, such as electronification, that squeezed margins are now mostly in place, and the system is working well, he said. “From here you would expect that as the world grows and capital markets grow, the trading businesses will grow.”</p>\n<p>It might be hard for shareholders to remember that optimism in coming months as global banks face tough comparisons with 2020’s bonanza. JPMorgan and Goldman Sachs Group Inc. are set to kick off second-quarter earnings announcements next week. Already, JPMorgan Chief Executive Officer Jamie Dimon signaled a potential 38% decline from a year earlier, as he and executives from Morgan Stanley and Citigroup Inc. sought to temper expectations in recent weeks.</p>\n<p>For much of a decade after the financial crisis, total wallet for the 12 largest trading firms fell again and again. Their combined revenue from the business bottomed out at $110 billion in 2017 and hardly improved in the two years that followed, according to data from analytics firm Coalition Greenwich. The reasons were myriad: more stringent rules, the rise of electronic trading, persistently low interest rates, pressure from new entrants and the outright disappearance of some products post-crisis.</p>\n<p>Many of those changes have played out, and capital markets are expanding. Pinto and colleagues said that longer-term growth trend will be apparent this year.</p>\n<p>“If you put last year aside, which was a one-off, this year should be a very strong outcome when you put it on a multiyear basis,” said Troy Rohrbaugh, JPMorgan’s global head of markets.</p>\n<p>Equities will expand the industry’s wallet more than fixed-income products, Rohrbaugh predicted. The U.S. remains the region generating the biggest increase, though the trend is also positive in Europe, he said. The wallet from China will likely swell, but it’s unclear what share of the additional business will go to foreign firms. They will see some, at least, he said.</p>\n<p>Broadly, companies such as JPMorgan with the most scale and ability to invest in technology will have an advantage, though smaller firms will benefit too, he said.</p>\n<p>Does that mean that fewer traders will be around to participate in the upswing?</p>\n<p>“What you do will evolve,” Rohrbaugh said. “There are certainly some roles that will go away as you gain productivity. As more traditional jobs disappear, there are new jobs that pop up.</p>","source":"lsy1612507957220","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>JPMorgan Bosses Predict Banks’ Long Trading Slump Gone for Good</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\">\nJPMorgan Bosses Predict Banks’ Long Trading Slump Gone for Good\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-07 23:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jpmorgan-bosses-predict-banks-long-120000722.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Before 2020 unleashed a windfall for Wall Street traders, life in the business kept getting harder as revenue weakened. Now, as the pandemic’s flurry of activity fades, the question is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-bosses-predict-banks-long-120000722.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/jpmorgan-bosses-predict-banks-long-120000722.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128775379","content_text":"(Bloomberg) -- Before 2020 unleashed a windfall for Wall Street traders, life in the business kept getting harder as revenue weakened. Now, as the pandemic’s flurry of activity fades, the question is whether the decade-long slide will continue.\nThe answer is no, according to Daniel Pinto, who oversees JPMorgan Chase & Co.’s massive Wall Street operations.\nThe industry’s collective revenue from trading -- its “wallet” -- probably reached its nadir before Covid-19, he said in an interview. And from those depths, things are likely to improve for years to come. That is, setting aside 2020.\n“You’re going to have, over time, an increasing wallet,” said Pinto, the bank’s co-president and co-chief operating officer. Post-crisis regulations and changes in market structure, such as electronification, that squeezed margins are now mostly in place, and the system is working well, he said. “From here you would expect that as the world grows and capital markets grow, the trading businesses will grow.”\nIt might be hard for shareholders to remember that optimism in coming months as global banks face tough comparisons with 2020’s bonanza. JPMorgan and Goldman Sachs Group Inc. are set to kick off second-quarter earnings announcements next week. Already, JPMorgan Chief Executive Officer Jamie Dimon signaled a potential 38% decline from a year earlier, as he and executives from Morgan Stanley and Citigroup Inc. sought to temper expectations in recent weeks.\nFor much of a decade after the financial crisis, total wallet for the 12 largest trading firms fell again and again. Their combined revenue from the business bottomed out at $110 billion in 2017 and hardly improved in the two years that followed, according to data from analytics firm Coalition Greenwich. The reasons were myriad: more stringent rules, the rise of electronic trading, persistently low interest rates, pressure from new entrants and the outright disappearance of some products post-crisis.\nMany of those changes have played out, and capital markets are expanding. Pinto and colleagues said that longer-term growth trend will be apparent this year.\n“If you put last year aside, which was a one-off, this year should be a very strong outcome when you put it on a multiyear basis,” said Troy Rohrbaugh, JPMorgan’s global head of markets.\nEquities will expand the industry’s wallet more than fixed-income products, Rohrbaugh predicted. The U.S. remains the region generating the biggest increase, though the trend is also positive in Europe, he said. The wallet from China will likely swell, but it’s unclear what share of the additional business will go to foreign firms. They will see some, at least, he said.\nBroadly, companies such as JPMorgan with the most scale and ability to invest in technology will have an advantage, though smaller firms will benefit too, he said.\nDoes that mean that fewer traders will be around to participate in the upswing?\n“What you do will evolve,” Rohrbaugh said. “There are certainly some roles that will go away as you gain productivity. As more traditional jobs disappear, there are new jobs that pop up.","news_type":1},"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140765164,"gmtCreate":1625674428558,"gmtModify":1703746283583,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>wishinh","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>wishinh","text":"$ContextLogic Inc.(WISH)$wishinh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140765164","isVote":1,"tweetType":1,"viewCount":83,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157144384,"gmtCreate":1625575155948,"gmtModify":1703744063536,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"Sold too early&nbsp;","listText":"Sold too early&nbsp;","text":"Sold too 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Technologies, Inc.(XELA)$</a>finally&nbsp;","text":"$Exela Technologies, Inc.(XELA)$finally","images":[{"img":"https://static.tigerbbs.com/e4142f055c80240bd713c195c9485c94","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809561316","isVote":1,"tweetType":1,"viewCount":647,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584309286185383","authorId":"3584309286185383","name":"Tabletpc888","avatar":"https://static.tigerbbs.com/c1151457af780e49e11d97db16ad3471","crmLevel":1,"crmLevelSwitch":0,"idStr":"3584309286185383","authorIdStr":"3584309286185383"},"content":"It went over $3!","text":"It went over $3!","html":"It went over $3!"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":147547037,"gmtCreate":1626367873129,"gmtModify":1703758883827,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"I hope","listText":"I hope","text":"I hope","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147547037","repostId":"1198426679","repostType":4,"repost":{"id":"1198426679","pubTimestamp":1626362298,"share":"https://ttm.financial/m/news/1198426679?lang=&edition=fundamental","pubTime":"2021-07-15 23:18","market":"us","language":"en","title":"Fed's Powell rapped on inflation, regulations in Senate hearing","url":"https://stock-news.laohu8.com/highlight/detail?id=1198426679","media":"Reuters","summary":"WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell faced sharp questions about inflation","content":"<p>WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell faced sharp questions about inflation and banking regulation in a hearing before the Senate Banking Committee on Thursday, issues likely to be at the forefront in his possible renomination to the top Fed post.</p>\n<p>Powell delivered the same pledge of “powerful support” to complete the U.S. economic recovery as he did on Wednesday before the House Financial Services Committee, an indication he sees no need to rush the withdrawal of support from the economy because of a recent jump in inflation.</p>\n<p>Republicans on the panel, however, picked up where their House colleagues left off, challenging Powell on whether the sharp acceleration in inflation will, as the Fed expects, prove temporary or not.</p>\n<p>“The Fed’s current paradigm almost guarantees the Fed will be behind the curve,” in keeping inflation anchored at the central bank’s 2% average target, said Pennsylvania Republican Pat Toomey. The central bank’s ongoing bond purchases, particularly of mortgage-backed securities, “is puzzling,” he added, at a time when house prices are rocketing higher.</p>\n<p>The panel’s Democratic chair, Sherrod Brown of Ohio, in his opening statement and in questions to Powell argued the central bank had weakened the regulation of big banks, allowing them to boost dividends and stock buybacks.</p>\n<p>“The Fed has rolled back important safeguards making it easier for the banks to pump up the price of their stock,” Brown said.</p>\n<p>Powell pushed back, saying that the Fed was closely watching the path of inflation but considers it “unique in history,” an offshoot of the pandemic reopening and not likely to persist. The level of capital banks are currently required to set aside, unavailable for dividend or other payments, is “about right,” he said.</p>\n<p>Those issues - Powell’s oversight of a possibly overheating economy, and his supervision of Wall Street - will be core to the Biden administration’s decision of whether to renominate him to a second 4-year term when his current one expires early next year.</p>\n<p>The Senate Banking Committee would be the first stop in his confirmation.</p>\n<p>Powell has made a point of building relationships on Capitol Hill - and particularly with the banking panel, which provides direct oversight in the form of twice-yearly monetary policy hearings.</p>\n<p>A Reuters analysis of Powell’s meeting calendar shows that in his 3-1/2 years as Fed chair he has met personally with every current member of the banking committee, splitting the meetings evenly between Democrats and Republicans. He has spent eight hours just with Brown.</p>\n<p>That may have paid off in some good will.</p>\n<p>Republican Senator John Kennedy of Louisiana thanked Powell for keeping the economy “in the middle of the road” through the pandemic, even if it was sometimes done with “spit and happy thoughts.”</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>Fed's Powell rapped on inflation, regulations in Senate hearing</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\">\nFed's Powell rapped on inflation, regulations in Senate hearing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 23:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-fed/update-1-feds-powell-rapped-on-inflation-regulations-in-senate-hearing-idUSL1N2OR1BY><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell faced sharp questions about inflation and banking regulation in a hearing before the Senate Banking Committee on Thursday, issues likely ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-fed/update-1-feds-powell-rapped-on-inflation-regulations-in-senate-hearing-idUSL1N2OR1BY\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/article/usa-fed/update-1-feds-powell-rapped-on-inflation-regulations-in-senate-hearing-idUSL1N2OR1BY","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198426679","content_text":"WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell faced sharp questions about inflation and banking regulation in a hearing before the Senate Banking Committee on Thursday, issues likely to be at the forefront in his possible renomination to the top Fed post.\nPowell delivered the same pledge of “powerful support” to complete the U.S. economic recovery as he did on Wednesday before the House Financial Services Committee, an indication he sees no need to rush the withdrawal of support from the economy because of a recent jump in inflation.\nRepublicans on the panel, however, picked up where their House colleagues left off, challenging Powell on whether the sharp acceleration in inflation will, as the Fed expects, prove temporary or not.\n“The Fed’s current paradigm almost guarantees the Fed will be behind the curve,” in keeping inflation anchored at the central bank’s 2% average target, said Pennsylvania Republican Pat Toomey. The central bank’s ongoing bond purchases, particularly of mortgage-backed securities, “is puzzling,” he added, at a time when house prices are rocketing higher.\nThe panel’s Democratic chair, Sherrod Brown of Ohio, in his opening statement and in questions to Powell argued the central bank had weakened the regulation of big banks, allowing them to boost dividends and stock buybacks.\n“The Fed has rolled back important safeguards making it easier for the banks to pump up the price of their stock,” Brown said.\nPowell pushed back, saying that the Fed was closely watching the path of inflation but considers it “unique in history,” an offshoot of the pandemic reopening and not likely to persist. The level of capital banks are currently required to set aside, unavailable for dividend or other payments, is “about right,” he said.\nThose issues - Powell’s oversight of a possibly overheating economy, and his supervision of Wall Street - will be core to the Biden administration’s decision of whether to renominate him to a second 4-year term when his current one expires early next year.\nThe Senate Banking Committee would be the first stop in his confirmation.\nPowell has made a point of building relationships on Capitol Hill - and particularly with the banking panel, which provides direct oversight in the form of twice-yearly monetary policy hearings.\nA Reuters analysis of Powell’s meeting calendar shows that in his 3-1/2 years as Fed chair he has met personally with every current member of the banking committee, splitting the meetings evenly between Democrats and Republicans. He has spent eight hours just with Brown.\nThat may have paid off in some good will.\nRepublican Senator John Kennedy of Louisiana thanked Powell for keeping the economy “in the middle of the road” through the pandemic, even if it was sometimes done with “spit and happy thoughts.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804919425,"gmtCreate":1627915549467,"gmtModify":1703497864544,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>sometimes holding works","listText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>sometimes holding works","text":"$Exela Technologies, Inc.(XELA)$sometimes holding works","images":[{"img":"https://static.tigerbbs.com/49000a00cad863dfe1b7bc7a83e40ad1","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804919425","isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":806557016,"gmtCreate":1627683832635,"gmtModify":1703494525368,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"Ues","listText":"Ues","text":"Ues","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/806557016","repostId":"2155137344","repostType":4,"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149095260,"gmtCreate":1625684085250,"gmtModify":1703746370443,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>not too bad","listText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>not too bad","text":"$Exela Technologies, Inc.(XELA)$not too bad","images":[{"img":"https://static.tigerbbs.com/2e0412eb8f4cba16f10f60b1f5c359a2","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149095260","isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":183816102,"gmtCreate":1623320827506,"gmtModify":1704200820180,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>All in a day","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>All in a day","text":"$ContextLogic Inc.(WISH)$All in a day","images":[{"img":"https://static.tigerbbs.com/6e84be885aebadc686bbd06c7113e4de","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/183816102","isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":142817870,"gmtCreate":1626140749690,"gmtModify":1703754119639,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>wasted","listText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>wasted","text":"$Exela Technologies, Inc.(XELA)$wasted","images":[{"img":"https://static.tigerbbs.com/c81a620e3662c8c90c588afdf0fc55ab","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142817870","isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":141051397,"gmtCreate":1625826976119,"gmtModify":1703749350971,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/141051397","repostId":"1133830411","repostType":4,"repost":{"id":"1133830411","pubTimestamp":1625824964,"share":"https://ttm.financial/m/news/1133830411?lang=&edition=fundamental","pubTime":"2021-07-09 18:02","market":"us","language":"en","title":"Richard Branson Revives Daredevil Persona at 70 With Historic Space Shot","url":"https://stock-news.laohu8.com/highlight/detail?id=1133830411","media":"Bloomberg","summary":"Richard Branson’s rocket-powered trip to the edge of space on Sunday will mark a return to the dared","content":"<p>Richard Branson’s rocket-powered trip to the edge of space on Sunday will mark a return to the daredevil exploits that first established the billionaire’s swashbuckling reputation.</p>\n<p>For decades, Branson engaged in a series of record-breaking stunts in which he kite-surfed for 30 miles (48 kilometers) between England and France, crossed the Atlantic Ocean by speedboat in just three days and then spanned the Pacific in a hot-air balloon at speeds of as much as 245 miles per hour.</p>\n<p>While the high-octane escapades propelled Branson to near rock-star status and attracted huge publicity for hisVirgin Groupcompanies, they also saw the Briton rescued by emergency services on multiple occasions. That prompted him to dial down the risk taking to comparatively sedate activities such as bungee jumping, yacht racing and a 2,000-kilometer triathlon.</p>\n<p>But the race to establish the world’s first space-tourism venture has revived the aging entrepreneur’s buccaneering spirit. After the announcement last month thatAmazon.com Inc.founder Jeff Bezos would ride on rocket made by his Blue Origin company on July 20, Branson declared that he’d be aboard aVirgin Galactic Holdings Inc.test flight nine days earlier -- a week before he turns 71.</p>\n<p>Will Whitehorn, a former president of Virgin Galactic who helped establish the company, said the move is typical of Branson, whose mantra of “Screw It, Let’s Do It” and a propensity to approve even the most challenging projects led staff to nickname him “Dr. Yes.”</p>\n<p>“Richard is not a fearful person, but he’s also a thoughtful person,” Whitehorn, now president of the UKspace trade association, said in an interview. “He would not be going if he did not believe that this was safe. And if he manages to beat Jeff Bezos, good luck to him.”</p>\n<p>The decision to fly followed approval from the U.S. Federal Aviation Administration for Virgin Galactic to carry fee-paying passengers.</p>\n<p>“You can’t expect scientists and space tourists to go if the boss is not prepared to,” Whitehorn said.</p>\n<p><b>Deadly Crash</b></p>\n<p>Branson will journey in Virgin’s VSS Unity spaceplane, itself carried aloft by a so-called mothership aircraft, in a trip that’s expected to take about 90 minutes from takeoff to landing. After being released from the carrier plane, the Unity will ignite a rocket engine to propel it to a height of 55 miles above Earth.</p>\n<p>That’s beyond the boundary recognized by the U.S. National Aeronautics and Space Administration as the edge of space, although short of the Karman Line, an internationally recognized space frontier at 62 miles from the planet.</p>\n<p>The same Virgin Galactic spacecraft model suffered a crash that killed a test pilot in 2014, when a descent mechanism was triggered with the rocket still climbing. The company did an extensive design modification to prevent that from happening again.</p>\n<p>Chief Executive Officer Michael Colglazier said earlier this month that the company is ready for Branson’s trip after a successful test flight in May.</p>\n<p>Branson, who was knighted in 1999 by Queen Elizabeth II for “services to entrepreneurship,” has a net worth of about $7.5 billion according to theBloomberg Billionaires Index. More than 40 Virgin-brand businesses collect annual revenue of about $22 billion through partnerships, affiliations and direct holdings, a spokeswoman said in December. As with Virgin Galactic, he has typically left day-to-day management to hired executives.</p>\n<p>His business career -- spanning everything from a punk record label to gyms, bridal wear, bank accounts, a mobile phone provider and the airline for which he’s been best known -- has been as varied as his extra-curricular activities.</p>\n<p>After running a student magazine at the age of 16, his first serious foray into commerce was through a mail-order music distributor and shop that got him a costly conviction for tax evasion. Undeterred, he went on to found Virgin Records in 1972, with the name chosen to reflect his inexperience in business.</p>\n<p><b>Empire Building</b></p>\n<p>The label was an immediate success as Tubular Bells, the debut album from instrumentalist Mike Oldfield, became a best seller. The company went on to sign artists including the Rolling Stones and the Sex Pistols, the latter helping to enhance Branson’s image as an outsider, earning enough money to bankroll the foundation ofVirgin Atlantic Airways Ltd.in 1984.</p>\n<p>Amid a pattern of selling off all or parts of his various businesses, Branson had an unqualified success with Virgin Mobile, offloaded toNTL:Telewestfor almost 1 billion pounds ($1.4 billion) in 2006, and the subsequent sale of the combinedVirgin MediatoLiberty Globalfor $23 billion in 2013.</p>\n<p>Failures have included a doomed attempt by Virgin Cola to oustCoca-ColaandPepsias the leading U.S. soft drinks, and the condom line Mates, sold off just a year after its launch.</p>\n<p>Plans for an air-launched spaceship were first mooted at Virgin as long ago as 1995, according to Whitehorn, who says he, Branson and Apollo 11 astronaut Buzz Aldrin drafted out the concept on a napkin. Aldrin was enthusiastic about the idea following the success ofX-15 rocket planes launched from a B-52 bomber in the 1960s, Whitehorn said.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e30300f9f55d396c9da2ed2e35b3671e\" tg-width=\"1000\" tg-height=\"641\"><span>Virgin Galactic Unity22 Crew Source: Virgin Galactic</span></p>\n<p>The Virgin Galactic name was registered in 1999, and the company was officially founded five years later. The business model promised the first space tourists a short period of weightlessness along with views of the curvature of the Earth and a look at the sun and stars against the backdrop of space, all for a neat $250,000.</p>\n<p>The 2014 crash set the project back by four years but by 2019 Virgin Galactic was sufficiently on track to become the world’s first publicly traded space-tourism firm, thanks to a deal with a special purpose acquisition company. Virgin Galactic had a market value of more than $12 billion at the close on Thursday in New York.</p>\n<p>The listing in turn helped Branson save Virgin Atlantic when the coronavirus pandemic hit. The U.K. government declined to provide the grounded carrier with state aid, partly as a result of his residence on Necker Island, a tax haven he bought in 1978 in the appropriately named British Virgin Islands. The sale of part of his Virgin Galactic stake allowed him to inject 200 million pounds into the carrier, part of a broader rescue plan.</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>Richard Branson Revives Daredevil Persona at 70 With Historic Space Shot</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\">\nRichard Branson Revives Daredevil Persona at 70 With Historic Space Shot\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-09/branson-revives-daredevil-persona-at-70-with-historic-space-shot><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Richard Branson’s rocket-powered trip to the edge of space on Sunday will mark a return to the daredevil exploits that first established the billionaire’s swashbuckling reputation.\nFor decades, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-09/branson-revives-daredevil-persona-at-70-with-historic-space-shot\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.bloomberg.com/news/articles/2021-07-09/branson-revives-daredevil-persona-at-70-with-historic-space-shot","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133830411","content_text":"Richard Branson’s rocket-powered trip to the edge of space on Sunday will mark a return to the daredevil exploits that first established the billionaire’s swashbuckling reputation.\nFor decades, Branson engaged in a series of record-breaking stunts in which he kite-surfed for 30 miles (48 kilometers) between England and France, crossed the Atlantic Ocean by speedboat in just three days and then spanned the Pacific in a hot-air balloon at speeds of as much as 245 miles per hour.\nWhile the high-octane escapades propelled Branson to near rock-star status and attracted huge publicity for hisVirgin Groupcompanies, they also saw the Briton rescued by emergency services on multiple occasions. That prompted him to dial down the risk taking to comparatively sedate activities such as bungee jumping, yacht racing and a 2,000-kilometer triathlon.\nBut the race to establish the world’s first space-tourism venture has revived the aging entrepreneur’s buccaneering spirit. After the announcement last month thatAmazon.com Inc.founder Jeff Bezos would ride on rocket made by his Blue Origin company on July 20, Branson declared that he’d be aboard aVirgin Galactic Holdings Inc.test flight nine days earlier -- a week before he turns 71.\nWill Whitehorn, a former president of Virgin Galactic who helped establish the company, said the move is typical of Branson, whose mantra of “Screw It, Let’s Do It” and a propensity to approve even the most challenging projects led staff to nickname him “Dr. Yes.”\n“Richard is not a fearful person, but he’s also a thoughtful person,” Whitehorn, now president of the UKspace trade association, said in an interview. “He would not be going if he did not believe that this was safe. And if he manages to beat Jeff Bezos, good luck to him.”\nThe decision to fly followed approval from the U.S. Federal Aviation Administration for Virgin Galactic to carry fee-paying passengers.\n“You can’t expect scientists and space tourists to go if the boss is not prepared to,” Whitehorn said.\nDeadly Crash\nBranson will journey in Virgin’s VSS Unity spaceplane, itself carried aloft by a so-called mothership aircraft, in a trip that’s expected to take about 90 minutes from takeoff to landing. After being released from the carrier plane, the Unity will ignite a rocket engine to propel it to a height of 55 miles above Earth.\nThat’s beyond the boundary recognized by the U.S. National Aeronautics and Space Administration as the edge of space, although short of the Karman Line, an internationally recognized space frontier at 62 miles from the planet.\nThe same Virgin Galactic spacecraft model suffered a crash that killed a test pilot in 2014, when a descent mechanism was triggered with the rocket still climbing. The company did an extensive design modification to prevent that from happening again.\nChief Executive Officer Michael Colglazier said earlier this month that the company is ready for Branson’s trip after a successful test flight in May.\nBranson, who was knighted in 1999 by Queen Elizabeth II for “services to entrepreneurship,” has a net worth of about $7.5 billion according to theBloomberg Billionaires Index. More than 40 Virgin-brand businesses collect annual revenue of about $22 billion through partnerships, affiliations and direct holdings, a spokeswoman said in December. As with Virgin Galactic, he has typically left day-to-day management to hired executives.\nHis business career -- spanning everything from a punk record label to gyms, bridal wear, bank accounts, a mobile phone provider and the airline for which he’s been best known -- has been as varied as his extra-curricular activities.\nAfter running a student magazine at the age of 16, his first serious foray into commerce was through a mail-order music distributor and shop that got him a costly conviction for tax evasion. Undeterred, he went on to found Virgin Records in 1972, with the name chosen to reflect his inexperience in business.\nEmpire Building\nThe label was an immediate success as Tubular Bells, the debut album from instrumentalist Mike Oldfield, became a best seller. The company went on to sign artists including the Rolling Stones and the Sex Pistols, the latter helping to enhance Branson’s image as an outsider, earning enough money to bankroll the foundation ofVirgin Atlantic Airways Ltd.in 1984.\nAmid a pattern of selling off all or parts of his various businesses, Branson had an unqualified success with Virgin Mobile, offloaded toNTL:Telewestfor almost 1 billion pounds ($1.4 billion) in 2006, and the subsequent sale of the combinedVirgin MediatoLiberty Globalfor $23 billion in 2013.\nFailures have included a doomed attempt by Virgin Cola to oustCoca-ColaandPepsias the leading U.S. soft drinks, and the condom line Mates, sold off just a year after its launch.\nPlans for an air-launched spaceship were first mooted at Virgin as long ago as 1995, according to Whitehorn, who says he, Branson and Apollo 11 astronaut Buzz Aldrin drafted out the concept on a napkin. Aldrin was enthusiastic about the idea following the success ofX-15 rocket planes launched from a B-52 bomber in the 1960s, Whitehorn said.\nVirgin Galactic Unity22 Crew Source: Virgin Galactic\nThe Virgin Galactic name was registered in 1999, and the company was officially founded five years later. The business model promised the first space tourists a short period of weightlessness along with views of the curvature of the Earth and a look at the sun and stars against the backdrop of space, all for a neat $250,000.\nThe 2014 crash set the project back by four years but by 2019 Virgin Galactic was sufficiently on track to become the world’s first publicly traded space-tourism firm, thanks to a deal with a special purpose acquisition company. Virgin Galactic had a market value of more than $12 billion at the close on Thursday in New York.\nThe listing in turn helped Branson save Virgin Atlantic when the coronavirus pandemic hit. The U.K. government declined to provide the grounded carrier with state aid, partly as a result of his residence on Necker Island, a tax haven he bought in 1978 in the appropriately named British Virgin Islands. The sale of part of his Virgin Galactic stake allowed him to inject 200 million pounds into the carrier, part of a broader rescue plan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140764627,"gmtCreate":1625674483469,"gmtModify":1703746285739,"author":{"id":"3581552971599899","authorId":"3581552971599899","name":"grazinggrace","avatar":"https://static.tigerbbs.com/7b4f128ecda3d25a98436f911eb6ab33","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581552971599899","authorIdStr":"3581552971599899"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140764627","repostId":"1128775379","repostType":4,"repost":{"id":"1128775379","pubTimestamp":1625671136,"share":"https://ttm.financial/m/news/1128775379?lang=&edition=fundamental","pubTime":"2021-07-07 23:18","market":"us","language":"en","title":"JPMorgan Bosses Predict Banks’ Long Trading Slump Gone for Good","url":"https://stock-news.laohu8.com/highlight/detail?id=1128775379","media":"Bloomberg","summary":"(Bloomberg) -- Before 2020 unleashed a windfall for Wall Street traders, life in the business kept g","content":"<p>(Bloomberg) -- Before 2020 unleashed a windfall for Wall Street traders, life in the business kept getting harder as revenue weakened. Now, as the pandemic’s flurry of activity fades, the question is whether the decade-long slide will continue.</p>\n<p>The answer is no, according to Daniel Pinto, who oversees JPMorgan Chase &amp; Co.’s massive Wall Street operations.</p>\n<p>The industry’s collective revenue from trading -- its “wallet” -- probably reached its nadir before Covid-19, he said in an interview. And from those depths, things are likely to improve for years to come. That is, setting aside 2020.</p>\n<p>“You’re going to have, over time, an increasing wallet,” said Pinto, the bank’s co-president and co-chief operating officer. Post-crisis regulations and changes in market structure, such as electronification, that squeezed margins are now mostly in place, and the system is working well, he said. “From here you would expect that as the world grows and capital markets grow, the trading businesses will grow.”</p>\n<p>It might be hard for shareholders to remember that optimism in coming months as global banks face tough comparisons with 2020’s bonanza. JPMorgan and Goldman Sachs Group Inc. are set to kick off second-quarter earnings announcements next week. Already, JPMorgan Chief Executive Officer Jamie Dimon signaled a potential 38% decline from a year earlier, as he and executives from Morgan Stanley and Citigroup Inc. sought to temper expectations in recent weeks.</p>\n<p>For much of a decade after the financial crisis, total wallet for the 12 largest trading firms fell again and again. Their combined revenue from the business bottomed out at $110 billion in 2017 and hardly improved in the two years that followed, according to data from analytics firm Coalition Greenwich. The reasons were myriad: more stringent rules, the rise of electronic trading, persistently low interest rates, pressure from new entrants and the outright disappearance of some products post-crisis.</p>\n<p>Many of those changes have played out, and capital markets are expanding. Pinto and colleagues said that longer-term growth trend will be apparent this year.</p>\n<p>“If you put last year aside, which was a one-off, this year should be a very strong outcome when you put it on a multiyear basis,” said Troy Rohrbaugh, JPMorgan’s global head of markets.</p>\n<p>Equities will expand the industry’s wallet more than fixed-income products, Rohrbaugh predicted. The U.S. remains the region generating the biggest increase, though the trend is also positive in Europe, he said. The wallet from China will likely swell, but it’s unclear what share of the additional business will go to foreign firms. They will see some, at least, he said.</p>\n<p>Broadly, companies such as JPMorgan with the most scale and ability to invest in technology will have an advantage, though smaller firms will benefit too, he said.</p>\n<p>Does that mean that fewer traders will be around to participate in the upswing?</p>\n<p>“What you do will evolve,” Rohrbaugh said. “There are certainly some roles that will go away as you gain productivity. As more traditional jobs disappear, there are new jobs that pop up.</p>","source":"lsy1612507957220","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>JPMorgan Bosses Predict Banks’ Long Trading Slump Gone for Good</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\">\nJPMorgan Bosses Predict Banks’ Long Trading Slump Gone for Good\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-07 23:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jpmorgan-bosses-predict-banks-long-120000722.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Before 2020 unleashed a windfall for Wall Street traders, life in the business kept getting harder as revenue weakened. Now, as the pandemic’s flurry of activity fades, the question is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-bosses-predict-banks-long-120000722.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/jpmorgan-bosses-predict-banks-long-120000722.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128775379","content_text":"(Bloomberg) -- Before 2020 unleashed a windfall for Wall Street traders, life in the business kept getting harder as revenue weakened. Now, as the pandemic’s flurry of activity fades, the question is whether the decade-long slide will continue.\nThe answer is no, according to Daniel Pinto, who oversees JPMorgan Chase & Co.’s massive Wall Street operations.\nThe industry’s collective revenue from trading -- its “wallet” -- probably reached its nadir before Covid-19, he said in an interview. And from those depths, things are likely to improve for years to come. That is, setting aside 2020.\n“You’re going to have, over time, an increasing wallet,” said Pinto, the bank’s co-president and co-chief operating officer. Post-crisis regulations and changes in market structure, such as electronification, that squeezed margins are now mostly in place, and the system is working well, he said. “From here you would expect that as the world grows and capital markets grow, the trading businesses will grow.”\nIt might be hard for shareholders to remember that optimism in coming months as global banks face tough comparisons with 2020’s bonanza. JPMorgan and Goldman Sachs Group Inc. are set to kick off second-quarter earnings announcements next week. Already, JPMorgan Chief Executive Officer Jamie Dimon signaled a potential 38% decline from a year earlier, as he and executives from Morgan Stanley and Citigroup Inc. sought to temper expectations in recent weeks.\nFor much of a decade after the financial crisis, total wallet for the 12 largest trading firms fell again and again. Their combined revenue from the business bottomed out at $110 billion in 2017 and hardly improved in the two years that followed, according to data from analytics firm Coalition Greenwich. The reasons were myriad: more stringent rules, the rise of electronic trading, persistently low interest rates, pressure from new entrants and the outright disappearance of some products post-crisis.\nMany of those changes have played out, and capital markets are expanding. Pinto and colleagues said that longer-term growth trend will be apparent this year.\n“If you put last year aside, which was a one-off, this year should be a very strong outcome when you put it on a multiyear basis,” said Troy Rohrbaugh, JPMorgan’s global head of markets.\nEquities will expand the industry’s wallet more than fixed-income products, Rohrbaugh predicted. The U.S. remains the region generating the biggest increase, though the trend is also positive in Europe, he said. The wallet from China will likely swell, but it’s unclear what share of the additional business will go to foreign firms. They will see some, at least, he said.\nBroadly, companies such as JPMorgan with the most scale and ability to invest in technology will have an advantage, though smaller firms will benefit too, he said.\nDoes that mean that fewer traders will be around to participate in the upswing?\n“What you do will evolve,” Rohrbaugh said. “There are certainly some roles that will go away as you gain productivity. 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