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2022-08-09

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Trump's Digital World Acquisition Corp Is Down Today After FBI Raids Mar-A-Lago: Here's What You Should Know

2022-08-09

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ongoing investigation into the former President&#39;s possible mishandling of presidential documents. 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While the official merger has been delayed due to a federal investigation into the deal according to Forbes, the stock has still been linked to the former President since the announcement was made that a possible merger was in progress.</p><p><b>Price Action:</b> Shares of DWAC are down 2.86% as the price has fallen to $29.92 during Tuesday&#39;s pre-market session.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump's Digital World Acquisition Corp Is Down Today After FBI Raids Mar-A-Lago: Here's What You Should Know</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\">\nTrump's Digital World Acquisition Corp Is Down Today After FBI Raids Mar-A-Lago: Here's What You Should Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-09 21:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/22/08/28416208/trumps-digital-world-acquisition-corp-is-down-today-after-fbi-raids-mar-a-lago-heres-what-you-should><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Digital World Acquisition Corp are down Tuesday morning following the FBI’s raid of Mar-A-Lago.Why Is It Moving?On Monday night, former President Donald Trump shared that the FBI had raided ...</p>\n\n<a href=\"https://www.benzinga.com/news/22/08/28416208/trumps-digital-world-acquisition-corp-is-down-today-after-fbi-raids-mar-a-lago-heres-what-you-should\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/news/22/08/28416208/trumps-digital-world-acquisition-corp-is-down-today-after-fbi-raids-mar-a-lago-heres-what-you-should","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177457446","content_text":"Shares of Digital World Acquisition Corp are down Tuesday morning following the FBI’s raid of Mar-A-Lago.Why Is It Moving?On Monday night, former President Donald Trump shared that the FBI had raided his Mar-o-Lago estate in order to fulfill a federal search warrant on the property.Trump said in a statement issued by his Save America political committee: “These are dark times for our Nation, as my beautiful home, Mar-A-Lago in Palm Beach, Florida, is currently under siege, raided, and occupied”It is now believed that the search warrant is part of an ongoing investigation into the former President's possible mishandling of presidential documents. It is believed that after leaving office in January 2021, Trump took more than a dozen boxes of presidential documents, some of which were classified, to Mar-A-Lago instead of turning the papers over to the National Archives.Since late 2021, it is believed that Digital World Acquisition Corp and Trump’s Truth Social would be merging with one another. While the official merger has been delayed due to a federal investigation into the deal according to Forbes, the stock has still been linked to the former President since the announcement was made that a possible merger was in progress.Price Action: Shares of DWAC are down 2.86% as the price has fallen to $29.92 during Tuesday's pre-market session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9904219048,"gmtCreate":1660052445886,"gmtModify":1703477347728,"author":{"id":"3582758862755148","authorId":"3582758862755148","name":"kingfish1","avatar":"https://community-static.tradeup.com/news/f634e3e98f3a04ba5b382ea3300c2ea5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582758862755148","authorIdStr":"3582758862755148"},"themes":[],"htmlText":"sns","listText":"sns","text":"sns","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904219048","repostId":"1154810008","repostType":4,"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908335387,"gmtCreate":1659319029749,"gmtModify":1676536286407,"author":{"id":"3582758862755148","authorId":"3582758862755148","name":"kingfish1","avatar":"https://community-static.tradeup.com/news/f634e3e98f3a04ba5b382ea3300c2ea5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582758862755148","authorIdStr":"3582758862755148"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908335387","repostId":"2255503520","repostType":4,"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008224797,"gmtCreate":1641465885448,"gmtModify":1676533617936,"author":{"id":"3582758862755148","authorId":"3582758862755148","name":"kingfish1","avatar":"https://community-static.tradeup.com/news/f634e3e98f3a04ba5b382ea3300c2ea5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582758862755148","authorIdStr":"3582758862755148"},"themes":[],"htmlText":"hsiyo","listText":"hsiyo","text":"hsiyo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008224797","repostId":"1158369052","repostType":4,"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008224472,"gmtCreate":1641465849679,"gmtModify":1676533617936,"author":{"id":"3582758862755148","authorId":"3582758862755148","name":"kingfish1","avatar":"https://community-static.tradeup.com/news/f634e3e98f3a04ba5b382ea3300c2ea5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582758862755148","authorIdStr":"3582758862755148"},"themes":[],"htmlText":"y","listText":"y","text":"y","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008224472","repostId":"1184096604","repostType":4,"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9008224472,"gmtCreate":1641465849679,"gmtModify":1676533617936,"author":{"id":"3582758862755148","authorId":"3582758862755148","name":"kingfish1","avatar":"https://community-static.tradeup.com/news/f634e3e98f3a04ba5b382ea3300c2ea5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582758862755148","authorIdStr":"3582758862755148"},"themes":[],"htmlText":"y","listText":"y","text":"y","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008224472","repostId":"1184096604","repostType":4,"repost":{"id":"1184096604","kind":"news","pubTimestamp":1641461319,"share":"https://ttm.financial/m/news/1184096604?lang=&edition=fundamental","pubTime":"2022-01-06 17:28","market":"us","language":"en","title":"Economic Data Scheduled for Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1184096604","media":"Benzinga","summary":"The Challenger job-cut report for December is scheduled for release at 7:30 a.m. ET..Data on interna","content":"<html><head></head><body><ul><li>The Challenger job-cut report for December is scheduled for release at 7:30 a.m. ET..</li><li>Data on international trade in goods and services for the latest week will be released at 8:30 a.m. ET. Analysts expect a deficit of $71.6 billion for total goods and services trade in November, versus a $67.1 billion gap in the previous month.</li><li>Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims rising to 205,000 for the January 1 week, compared to 198,000 in the previous week.</li><li>Data on factory orders for November will be released at 10:00 a.m. ET. Factory orders are projected to increase 1.3% in November.</li><li>The ISM&#39;s services index for December is scheduled for release at 10:00 a.m. ET. The services index is likely to decline to 67.0 in December from 69.1 in November.</li><li>The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.</li><li>The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Economic Data Scheduled for Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEconomic Data Scheduled for Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 17:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/22/01/24923171/economic-data-scheduled-for-thursday><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Challenger job-cut report for December is scheduled for release at 7:30 a.m. ET..Data on international trade in goods and services for the latest week will be released at 8:30 a.m. ET. Analysts ...</p>\n\n<a href=\"https://www.benzinga.com/news/22/01/24923171/economic-data-scheduled-for-thursday\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/news/22/01/24923171/economic-data-scheduled-for-thursday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184096604","content_text":"The Challenger job-cut report for December is scheduled for release at 7:30 a.m. ET..Data on international trade in goods and services for the latest week will be released at 8:30 a.m. ET. Analysts expect a deficit of $71.6 billion for total goods and services trade in November, versus a $67.1 billion gap in the previous month.Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims rising to 205,000 for the January 1 week, compared to 198,000 in the previous week.Data on factory orders for November will be released at 10:00 a.m. ET. Factory orders are projected to increase 1.3% in November.The ISM's services index for December is scheduled for release at 10:00 a.m. ET. The services index is likely to decline to 67.0 in December from 69.1 in November.The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.","news_type":1},"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9904219048,"gmtCreate":1660052445886,"gmtModify":1703477347728,"author":{"id":"3582758862755148","authorId":"3582758862755148","name":"kingfish1","avatar":"https://community-static.tradeup.com/news/f634e3e98f3a04ba5b382ea3300c2ea5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582758862755148","authorIdStr":"3582758862755148"},"themes":[],"htmlText":"sns","listText":"sns","text":"sns","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904219048","repostId":"1154810008","repostType":4,"repost":{"id":"1154810008","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1660052191,"share":"https://ttm.financial/m/news/1154810008?lang=&edition=fundamental","pubTime":"2022-08-09 21:36","market":"us","language":"en","title":"Semiconductor Stocks Slid in Morning Trading After Micron Reduced Q4 Chip Sales Forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=1154810008","media":"Tiger Newspress","summary":"Semiconductor stocks slid in morning trading after Micron reduced Q4 chip sales forecast.Micron fore","content":"<html><head></head><body><p>Semiconductor stocks slid in morning trading after Micron reduced Q4 chip sales forecast.<img src=\"https://static.tigerbbs.com/2bcd40bcc24870eb43d71e0620726a07\" tg-width=\"266\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/></p><p>Micron forecast adjusted revenue for the current quarter at $7.2 billion, plus or minus $400 million and said that its fourth-quarter revenue may come in at or below the low end of the forecast range provided on its June 30 earnings call.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Semiconductor Stocks Slid in Morning Trading After Micron Reduced Q4 Chip Sales Forecast</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSemiconductor Stocks Slid in Morning Trading After Micron Reduced Q4 Chip Sales Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-09 21:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Semiconductor stocks slid in morning trading after Micron reduced Q4 chip sales forecast.<img src=\"https://static.tigerbbs.com/2bcd40bcc24870eb43d71e0620726a07\" tg-width=\"266\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/></p><p>Micron forecast adjusted revenue for the current quarter at $7.2 billion, plus or minus $400 million and said that its fourth-quarter revenue may come in at or below the low end of the forecast range provided on its June 30 earnings call.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","MU":"美光科技"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154810008","content_text":"Semiconductor stocks slid in morning trading after Micron reduced Q4 chip sales forecast.Micron forecast adjusted revenue for the current quarter at $7.2 billion, plus or minus $400 million and said that its fourth-quarter revenue may come in at or below the low end of the forecast range provided on its June 30 earnings call.","news_type":1},"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008224797,"gmtCreate":1641465885448,"gmtModify":1676533617936,"author":{"id":"3582758862755148","authorId":"3582758862755148","name":"kingfish1","avatar":"https://community-static.tradeup.com/news/f634e3e98f3a04ba5b382ea3300c2ea5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582758862755148","authorIdStr":"3582758862755148"},"themes":[],"htmlText":"hsiyo","listText":"hsiyo","text":"hsiyo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008224797","repostId":"1158369052","repostType":4,"repost":{"id":"1158369052","kind":"news","pubTimestamp":1641463184,"share":"https://ttm.financial/m/news/1158369052?lang=&edition=fundamental","pubTime":"2022-01-06 17:59","market":"us","language":"en","title":"Tech Stocks Set for More Losses After Nasdaq Sinks","url":"https://stock-news.laohu8.com/highlight/detail?id=1158369052","media":"The Wall Street Journal","summary":"Technology stocks were poised for further losses at the opening bell after getting clobbered by inve","content":"<html><head></head><body><p>Technology stocks were poised for further losses at the opening bell after getting clobbered by investors concerned about likely interest-rate rises.</p><p>Futures for the technology-heavy Nasdaq Composite once edged down 0.3% Thursday. On Wednesday, the index posted its biggest daily loss since February after minutes of the Federal Reserve’s most recent meeting showed officials eyeing a faster timetable for raising rates. Futures for the broad-market S&amp;P 500 slipped 0.2%, while contracts for the Dow Jones Industrial Average edged down less than 0.1%.</p><p>Global markets followed Wall Street lower. Tech stocks retreated in Europe, helping to pull the Stoxx Europe 600 down 1.4%. Japan’s Nikkei 225 lost 2.9% and China’s Shanghai Composite Index fell 0.3%. Dutch chip maker ASML Holding fell 3.3% and German software firm SAP lost 2.6%, while luxury goods firms Hermes International and LVMH Moët Hennessy Louis Vuitton declined more than 3% apiece.</p><p>Treasury yields were on track to rise for a fourth consecutive day, reflecting investors’ conviction that the fast-spreading Omicron variant won’t stop the Fed tightening monetary policy to tame inflation. The yield on 10-year Treasury notes rose to 1.726% Thursday from 1.703% Wednesday.</p><p>Investors are bracing for a volatile spell for tech stocks, which have powered the market higher since the early-pandemic slump in 2020. Shares of companies such as Apple and Microsoft have benefited from low interest rates on top of blockbuster earnings helped by the shift to home working.</p><p>Rates, however, look set to increase, potentially as soon as March. Although investors say stocks can continue to rise in a period of rising rates that reflect a growing economy, tech shares and momentum stocks such as Tesla are seen as vulnerable.</p><p>“We could be in for a rough ride,” said Lars Skovgaard Andersen, investment strategist at Danske Bank Wealth Management. Mr. Andersen expects the volatility to last at least until tech companies begin to report earnings later this month, which he said could encourage investors to buy those stocks back.</p><p>Mr. Andersen sees the selloff as a buying opportunity but intends to target the broad market and European banks that stand to benefit when rates rise, rather than U.S. tech.</p><p>Cryptocurrencies have skidded in line with technology stocks, in a sign investors are cutting positions in more speculative markets. Bitcoin fell 1.7% to $42,927.62 Thursday, according to CoinDesk, compared with its value at 5 p.m. ET Wednesday.</p><p>While the SEC hasn’t announced major actions against big crypto exchanges, the commission has threatened to sue companies offering crypto lending. WSJ’s Dion Rabouin explains why this one part of the crypto market has drawn such a strong reaction. Photo: Mark Lennihan/Associated Press</p><p>The catalyst for the selloff was the publication of minutes from the Fed’s December policy meeting. They showed officials believed rising inflation and a tight labor market could call for lifting short-term rates “sooner or at a faster pace than participants had earlier anticipated.”</p><p>Some officials also thought the Fed should start shrinking its $8.76 trillion portfolio of bonds and other assets relatively soon after beginning to raise rates, the minutes said. Investors pushed yields on government bonds higher. In turn, that hurt tech stocks whose future cash flows are worth less in today’s terms when a higher discount rate is applied.</p><p>Traders in interest-rate futures are pricing in a 71% chance that the Fed will raise its short-term target rate from its range of 0% to 0.25% at its March meeting. That is up from 32% a month ago, shortly after Omicron emerged, according to CME Group data.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Stocks Set for More Losses After Nasdaq Sinks</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\">\nTech Stocks Set for More Losses After Nasdaq Sinks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 17:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/global-stock-markets-dow-update-01-06-2022-11641458515><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Technology stocks were poised for further losses at the opening bell after getting clobbered by investors concerned about likely interest-rate rises.Futures for the technology-heavy Nasdaq Composite ...</p>\n\n<a href=\"https://www.wsj.com/articles/global-stock-markets-dow-update-01-06-2022-11641458515\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/global-stock-markets-dow-update-01-06-2022-11641458515","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158369052","content_text":"Technology stocks were poised for further losses at the opening bell after getting clobbered by investors concerned about likely interest-rate rises.Futures for the technology-heavy Nasdaq Composite once edged down 0.3% Thursday. On Wednesday, the index posted its biggest daily loss since February after minutes of the Federal Reserve’s most recent meeting showed officials eyeing a faster timetable for raising rates. Futures for the broad-market S&P 500 slipped 0.2%, while contracts for the Dow Jones Industrial Average edged down less than 0.1%.Global markets followed Wall Street lower. Tech stocks retreated in Europe, helping to pull the Stoxx Europe 600 down 1.4%. Japan’s Nikkei 225 lost 2.9% and China’s Shanghai Composite Index fell 0.3%. Dutch chip maker ASML Holding fell 3.3% and German software firm SAP lost 2.6%, while luxury goods firms Hermes International and LVMH Moët Hennessy Louis Vuitton declined more than 3% apiece.Treasury yields were on track to rise for a fourth consecutive day, reflecting investors’ conviction that the fast-spreading Omicron variant won’t stop the Fed tightening monetary policy to tame inflation. The yield on 10-year Treasury notes rose to 1.726% Thursday from 1.703% Wednesday.Investors are bracing for a volatile spell for tech stocks, which have powered the market higher since the early-pandemic slump in 2020. Shares of companies such as Apple and Microsoft have benefited from low interest rates on top of blockbuster earnings helped by the shift to home working.Rates, however, look set to increase, potentially as soon as March. Although investors say stocks can continue to rise in a period of rising rates that reflect a growing economy, tech shares and momentum stocks such as Tesla are seen as vulnerable.“We could be in for a rough ride,” said Lars Skovgaard Andersen, investment strategist at Danske Bank Wealth Management. Mr. Andersen expects the volatility to last at least until tech companies begin to report earnings later this month, which he said could encourage investors to buy those stocks back.Mr. Andersen sees the selloff as a buying opportunity but intends to target the broad market and European banks that stand to benefit when rates rise, rather than U.S. tech.Cryptocurrencies have skidded in line with technology stocks, in a sign investors are cutting positions in more speculative markets. Bitcoin fell 1.7% to $42,927.62 Thursday, according to CoinDesk, compared with its value at 5 p.m. ET Wednesday.While the SEC hasn’t announced major actions against big crypto exchanges, the commission has threatened to sue companies offering crypto lending. WSJ’s Dion Rabouin explains why this one part of the crypto market has drawn such a strong reaction. Photo: Mark Lennihan/Associated PressThe catalyst for the selloff was the publication of minutes from the Fed’s December policy meeting. They showed officials believed rising inflation and a tight labor market could call for lifting short-term rates “sooner or at a faster pace than participants had earlier anticipated.”Some officials also thought the Fed should start shrinking its $8.76 trillion portfolio of bonds and other assets relatively soon after beginning to raise rates, the minutes said. Investors pushed yields on government bonds higher. In turn, that hurt tech stocks whose future cash flows are worth less in today’s terms when a higher discount rate is applied.Traders in interest-rate futures are pricing in a 71% chance that the Fed will raise its short-term target rate from its range of 0% to 0.25% at its March meeting. That is up from 32% a month ago, shortly after Omicron emerged, according to CME Group data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9904213478,"gmtCreate":1660052644396,"gmtModify":1703477350645,"author":{"id":"3582758862755148","authorId":"3582758862755148","name":"kingfish1","avatar":"https://community-static.tradeup.com/news/f634e3e98f3a04ba5b382ea3300c2ea5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582758862755148","authorIdStr":"3582758862755148"},"themes":[],"htmlText":"yee","listText":"yee","text":"yee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904213478","repostId":"1177457446","repostType":4,"isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908335387,"gmtCreate":1659319029749,"gmtModify":1676536286407,"author":{"id":"3582758862755148","authorId":"3582758862755148","name":"kingfish1","avatar":"https://community-static.tradeup.com/news/f634e3e98f3a04ba5b382ea3300c2ea5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582758862755148","authorIdStr":"3582758862755148"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908335387","repostId":"2255503520","repostType":4,"repost":{"id":"2255503520","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1659309918,"share":"https://ttm.financial/m/news/2255503520?lang=&edition=fundamental","pubTime":"2022-08-01 07:25","market":"us","language":"en","title":"How JetBlue Prevailed in Fight With Frontier for Spirit Airlines","url":"https://stock-news.laohu8.com/highlight/detail?id=2255503520","media":"Dow Jones","summary":"JetBlue’s deal for Spirit would create the fifth-largest U.S. airline.For months, Spirit Airlines In","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d372374dee612362afa1e1ad3d00b3c3\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"/><span>JetBlue’s deal for Spirit would create the fifth-largest U.S. airline.</span></p><p>For months, <a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> Inc. fended off JetBlue Airways Corp.&#39;s advances in an attempt to preserve its deal with Frontier Group Holdings Inc.</p><p>In late June, its defenses started to crack. Ted Christie, Spirit&#39;s chief executive, and Mac Gardner, its chairman, flew to New York the first week of July to meet their counterparts at JetBlue in a hotel near John F. Kennedy International Airport.</p><p>They met face-to-face with JetBlue Chief Executive Robin Hayes and Chairman Peter Boneparth for the first time since JetBlue swooped in with a higher offer for Spirit, according to people familiar with the matter. The goal was to reset the tone in a negotiation that had been publicly acrimonious.</p><p>Three weeks later, the companies made the announcement that JetBlue would buy Spirit in a $3.8 billion deal that would create the fifth-largest U.S. airline. Airline executives who have spent nearly four months as staunch adversaries are now joining to persuade U.S. antitrust regulators that they should be allowed to merge.</p><p>&#34;Many things were said, but business is business,&#34; Mr. Christie said in an interview after the new deal was made public.</p><p>The deal -- years in the making for JetBlue -- is seen moving the carrier closer to challenging the four large U.S. airlines that control about 80% of the domestic market. Without a merger partner, analysts have said, JetBlue could eventually become a takeover target.</p><p>Still, the combination faces hurdles. Many analysts and industry observers doubt regulators will approve the deal, and some have questioned the fit between JetBlue&#39;s service -- known for amenities along with lower fares -- with Spirit&#39;s no-frills offering.</p><p>&#34;It&#39;s like Nordstrom buying the Dollar Store,&#34; said David Siegel, a longtime airline executive who once served as the chief executive of Frontier and is chairman of another low-fare airline. JetBlue and Spirit have &#34;completely different products, customers, and cultures,&#34; he said.</p><p>Spirit&#39;s shareholders resisted the airline&#39;s view that the merger with Frontier was a better deal, despite the lower price tag.</p><p>Mr. Christie said in May that JetBlue&#39;s cash offer was a cynical effort to keep Spirit and Frontier from becoming a more formidable foe. Even in late June, he argued that a deal with JetBlue was almost certain to be blocked by regulators, leading to &#34;two years of strategic abyss&#34; for Spirit.</p><p>Frontier sweetened its offer, hoping to win shareholder support ahead the shareholder vote, throwing in more cash, boosting the breakup fee it would pay if regulators blocked the deal, and promising to pay a portion of the price right away after shareholders approved the deal.</p><p>JetBlue swiftly countered with a larger breakup fee, a bigger upfront payment, and the addition of a ticking dividend-like payment starting next year to counter uncertainty about how long it might take a deal to be completed.</p><p>Investors favored JetBlue&#39;s cash over Spirit&#39;s arguments. As votes came in ahead of the June 30 shareholder meeting, it became clear that the Frontier deal was floundering. Even traditional money managers such as BlackRock and Fidelity were voting against the merger, some of the people said.</p><p>Spirit postponed the shareholder meeting -- its second such delay -- to regroup.</p><p>Its leaders gradually realized that they were no longer facing a decision between being acquired by JetBlue or by Frontier, but between a deal with JetBlue or no deal at all, and formulated a new plan with its advisers, some of the people familiar with the matter said.</p><p>Spirit continued to advocate for the Frontier deal, but talks with JetBlue also progressed, and Spirit postponed the shareholder meeting two more times to speak with suitors and investors. Frontier Chief Executive Barry Biffle wrote to Spirit on July 10 that Frontier had made its best and final offer, solidifying the new stage in deliberations.</p><p>&#34;Ultimately, we weren&#39;t heading toward stockholder approval for the Frontier merger,&#34; Mr. Christie told Spirit employees in a message Thursday. Mr. Christie said he&#39;d been trying to get the best deal for Spirit and its shareholders, and that the final agreement was better than what JetBlue had originally offered, with more protection.</p><p>The deal price hasn&#39;t changed since JetBlue&#39;s offer in late June, but more recent discussions focused on how the two carriers would operate while the deal is being reviewed, protections if it should be blocked, and formalizing JetBlue&#39;s commitment that Spirit&#39;s workers can stay in Florida, the people said. JetBlue and Spirit came to a final agreement after Spirit and Frontier terminated their merger on July 27.</p><p>JetBlue agreed to pay an additional $70 million to Spirit if regulators block the deal, in addition to the $400 million breakup fee for Spirit&#39;s shareholders it had already offered.</p><p>While industry observers for years had anticipated a deal between Frontier and Spirit, JetBlue had also had its eye on the Florida-based discounter.</p><p>New York-based JetBlue had missed out on a chance to buy Virgin America after losing a bidding war to Alaska Air Group Inc. in 2016.</p><p>In early 2020, JetBlue&#39;s board had extensive discussions about the prospect of buying Spirit, and by February 2020, JetBlue was prepared to approach Spirit about a potential deal, according to people familiar with the matter. Before it did, the Covid-19 pandemic turned the industry upside down. Airlines quickly turned their attention inward to shore up their balance sheets in order to weather the steep downturn.</p><p>When Spirit and Frontier announced plans to merge in February in a $2.9 billion deal, Mr. Hayes knew he had to act quickly. He called advisers that day, one of the people said.</p><p>JetBlue&#39;s advisers worked through a series of questions. Did Frontier have enough cash to withstand a bidding war? Would the Northeast Alliance, JetBlue&#39;s partnership with American Airlines Group Inc., be an impediment? That arrangement was already being challenged by the Justice Department.</p><p>The JetBlue team concluded that making a run at Spirit could work. By agreeing to an acquisition by Frontier in the first place, Spirit&#39;s board had signaled that it was for sale, and could be open to a better offer, they reasoned.</p><p>Spirit&#39;s investor base was heavily tilted toward individual investors, something JetBlue&#39;s team believed could make it difficult for Spirit to corral enough support to win a contested vote. And even as the Justice Department was challenging JetBlue&#39;s alliance with American, it touted JetBlue as a disruptive competitor.</p><p>Mark Ahasic, an aviation consultant and former JetBlue executive, said buying Spirit will give JetBlue the heft it needs to become more relevant in places like the middle of the country, where it doesn&#39;t offer enough flights to be a threat to bigger airlines. &#34;In my opinion JetBlue really needs to grow to become more of a national player,&#34; he said.</p><p>JetBlue&#39;s Mr. Hayes has said Spirit&#39;s pilots, fleet and order book for new planes are a big part of the airline&#39;s appeal, speeding up expansion that would otherwise take JetBlue years to achieve on its own.</p><p>JetBlue executives have said the two airlines have more in common than it might seem. JetBlue has said it brings fares down when it enters new markets, and also offers a basic product geared toward the most budget-conscious travelers, like Spirit&#39;s customers.</p><p>The airlines will likely face intense scrutiny from the Justice Department, which for years has been concerned that airline competition is dwindling and has been criticized by consumer groups and antitrust advocates for allowing so many combinations to go forward.</p><p>Mr. Hayes said a merger between JetBlue and Spirit could address some of the concerns about a lack of competition in the airline industry. &#34;We believe competition is much more greatly enhanced by allowing this transaction,&#34; he said last week.</p><p>Gordon Bethune, former chief executive of Continental Airlines, said a larger JetBlue would be a more effective check on the big airlines that dominate the industry.</p><p>&#34;If we put Frontier and Spirit together, we just have one big cheap airline,&#34; he said. &#34;The best for the United States consumer would be JetBlue strengthening.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How JetBlue Prevailed in Fight With Frontier for Spirit Airlines</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\">\nHow JetBlue Prevailed in Fight With Frontier for Spirit Airlines\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-08-01 07:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d372374dee612362afa1e1ad3d00b3c3\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"/><span>JetBlue’s deal for Spirit would create the fifth-largest U.S. airline.</span></p><p>For months, <a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> Inc. fended off JetBlue Airways Corp.&#39;s advances in an attempt to preserve its deal with Frontier Group Holdings Inc.</p><p>In late June, its defenses started to crack. Ted Christie, Spirit&#39;s chief executive, and Mac Gardner, its chairman, flew to New York the first week of July to meet their counterparts at JetBlue in a hotel near John F. Kennedy International Airport.</p><p>They met face-to-face with JetBlue Chief Executive Robin Hayes and Chairman Peter Boneparth for the first time since JetBlue swooped in with a higher offer for Spirit, according to people familiar with the matter. The goal was to reset the tone in a negotiation that had been publicly acrimonious.</p><p>Three weeks later, the companies made the announcement that JetBlue would buy Spirit in a $3.8 billion deal that would create the fifth-largest U.S. airline. Airline executives who have spent nearly four months as staunch adversaries are now joining to persuade U.S. antitrust regulators that they should be allowed to merge.</p><p>&#34;Many things were said, but business is business,&#34; Mr. Christie said in an interview after the new deal was made public.</p><p>The deal -- years in the making for JetBlue -- is seen moving the carrier closer to challenging the four large U.S. airlines that control about 80% of the domestic market. Without a merger partner, analysts have said, JetBlue could eventually become a takeover target.</p><p>Still, the combination faces hurdles. Many analysts and industry observers doubt regulators will approve the deal, and some have questioned the fit between JetBlue&#39;s service -- known for amenities along with lower fares -- with Spirit&#39;s no-frills offering.</p><p>&#34;It&#39;s like Nordstrom buying the Dollar Store,&#34; said David Siegel, a longtime airline executive who once served as the chief executive of Frontier and is chairman of another low-fare airline. JetBlue and Spirit have &#34;completely different products, customers, and cultures,&#34; he said.</p><p>Spirit&#39;s shareholders resisted the airline&#39;s view that the merger with Frontier was a better deal, despite the lower price tag.</p><p>Mr. Christie said in May that JetBlue&#39;s cash offer was a cynical effort to keep Spirit and Frontier from becoming a more formidable foe. Even in late June, he argued that a deal with JetBlue was almost certain to be blocked by regulators, leading to &#34;two years of strategic abyss&#34; for Spirit.</p><p>Frontier sweetened its offer, hoping to win shareholder support ahead the shareholder vote, throwing in more cash, boosting the breakup fee it would pay if regulators blocked the deal, and promising to pay a portion of the price right away after shareholders approved the deal.</p><p>JetBlue swiftly countered with a larger breakup fee, a bigger upfront payment, and the addition of a ticking dividend-like payment starting next year to counter uncertainty about how long it might take a deal to be completed.</p><p>Investors favored JetBlue&#39;s cash over Spirit&#39;s arguments. As votes came in ahead of the June 30 shareholder meeting, it became clear that the Frontier deal was floundering. Even traditional money managers such as BlackRock and Fidelity were voting against the merger, some of the people said.</p><p>Spirit postponed the shareholder meeting -- its second such delay -- to regroup.</p><p>Its leaders gradually realized that they were no longer facing a decision between being acquired by JetBlue or by Frontier, but between a deal with JetBlue or no deal at all, and formulated a new plan with its advisers, some of the people familiar with the matter said.</p><p>Spirit continued to advocate for the Frontier deal, but talks with JetBlue also progressed, and Spirit postponed the shareholder meeting two more times to speak with suitors and investors. Frontier Chief Executive Barry Biffle wrote to Spirit on July 10 that Frontier had made its best and final offer, solidifying the new stage in deliberations.</p><p>&#34;Ultimately, we weren&#39;t heading toward stockholder approval for the Frontier merger,&#34; Mr. Christie told Spirit employees in a message Thursday. Mr. Christie said he&#39;d been trying to get the best deal for Spirit and its shareholders, and that the final agreement was better than what JetBlue had originally offered, with more protection.</p><p>The deal price hasn&#39;t changed since JetBlue&#39;s offer in late June, but more recent discussions focused on how the two carriers would operate while the deal is being reviewed, protections if it should be blocked, and formalizing JetBlue&#39;s commitment that Spirit&#39;s workers can stay in Florida, the people said. JetBlue and Spirit came to a final agreement after Spirit and Frontier terminated their merger on July 27.</p><p>JetBlue agreed to pay an additional $70 million to Spirit if regulators block the deal, in addition to the $400 million breakup fee for Spirit&#39;s shareholders it had already offered.</p><p>While industry observers for years had anticipated a deal between Frontier and Spirit, JetBlue had also had its eye on the Florida-based discounter.</p><p>New York-based JetBlue had missed out on a chance to buy Virgin America after losing a bidding war to Alaska Air Group Inc. in 2016.</p><p>In early 2020, JetBlue&#39;s board had extensive discussions about the prospect of buying Spirit, and by February 2020, JetBlue was prepared to approach Spirit about a potential deal, according to people familiar with the matter. Before it did, the Covid-19 pandemic turned the industry upside down. Airlines quickly turned their attention inward to shore up their balance sheets in order to weather the steep downturn.</p><p>When Spirit and Frontier announced plans to merge in February in a $2.9 billion deal, Mr. Hayes knew he had to act quickly. He called advisers that day, one of the people said.</p><p>JetBlue&#39;s advisers worked through a series of questions. Did Frontier have enough cash to withstand a bidding war? Would the Northeast Alliance, JetBlue&#39;s partnership with American Airlines Group Inc., be an impediment? That arrangement was already being challenged by the Justice Department.</p><p>The JetBlue team concluded that making a run at Spirit could work. By agreeing to an acquisition by Frontier in the first place, Spirit&#39;s board had signaled that it was for sale, and could be open to a better offer, they reasoned.</p><p>Spirit&#39;s investor base was heavily tilted toward individual investors, something JetBlue&#39;s team believed could make it difficult for Spirit to corral enough support to win a contested vote. And even as the Justice Department was challenging JetBlue&#39;s alliance with American, it touted JetBlue as a disruptive competitor.</p><p>Mark Ahasic, an aviation consultant and former JetBlue executive, said buying Spirit will give JetBlue the heft it needs to become more relevant in places like the middle of the country, where it doesn&#39;t offer enough flights to be a threat to bigger airlines. &#34;In my opinion JetBlue really needs to grow to become more of a national player,&#34; he said.</p><p>JetBlue&#39;s Mr. Hayes has said Spirit&#39;s pilots, fleet and order book for new planes are a big part of the airline&#39;s appeal, speeding up expansion that would otherwise take JetBlue years to achieve on its own.</p><p>JetBlue executives have said the two airlines have more in common than it might seem. JetBlue has said it brings fares down when it enters new markets, and also offers a basic product geared toward the most budget-conscious travelers, like Spirit&#39;s customers.</p><p>The airlines will likely face intense scrutiny from the Justice Department, which for years has been concerned that airline competition is dwindling and has been criticized by consumer groups and antitrust advocates for allowing so many combinations to go forward.</p><p>Mr. Hayes said a merger between JetBlue and Spirit could address some of the concerns about a lack of competition in the airline industry. &#34;We believe competition is much more greatly enhanced by allowing this transaction,&#34; he said last week.</p><p>Gordon Bethune, former chief executive of Continental Airlines, said a larger JetBlue would be a more effective check on the big airlines that dominate the industry.</p><p>&#34;If we put Frontier and Spirit together, we just have one big cheap airline,&#34; he said. &#34;The best for the United States consumer would be JetBlue strengthening.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4008":"航空公司","JBLU":"捷蓝航空","ULCC":"Frontier Group Holdings, Inc.","BK4500":"航空公司","SAVE":"Spirit Airlines"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2255503520","content_text":"JetBlue’s deal for Spirit would create the fifth-largest U.S. airline.For months, Spirit Airlines Inc. fended off JetBlue Airways Corp.'s advances in an attempt to preserve its deal with Frontier Group Holdings Inc.In late June, its defenses started to crack. Ted Christie, Spirit's chief executive, and Mac Gardner, its chairman, flew to New York the first week of July to meet their counterparts at JetBlue in a hotel near John F. Kennedy International Airport.They met face-to-face with JetBlue Chief Executive Robin Hayes and Chairman Peter Boneparth for the first time since JetBlue swooped in with a higher offer for Spirit, according to people familiar with the matter. The goal was to reset the tone in a negotiation that had been publicly acrimonious.Three weeks later, the companies made the announcement that JetBlue would buy Spirit in a $3.8 billion deal that would create the fifth-largest U.S. airline. Airline executives who have spent nearly four months as staunch adversaries are now joining to persuade U.S. antitrust regulators that they should be allowed to merge.\"Many things were said, but business is business,\" Mr. Christie said in an interview after the new deal was made public.The deal -- years in the making for JetBlue -- is seen moving the carrier closer to challenging the four large U.S. airlines that control about 80% of the domestic market. Without a merger partner, analysts have said, JetBlue could eventually become a takeover target.Still, the combination faces hurdles. Many analysts and industry observers doubt regulators will approve the deal, and some have questioned the fit between JetBlue's service -- known for amenities along with lower fares -- with Spirit's no-frills offering.\"It's like Nordstrom buying the Dollar Store,\" said David Siegel, a longtime airline executive who once served as the chief executive of Frontier and is chairman of another low-fare airline. JetBlue and Spirit have \"completely different products, customers, and cultures,\" he said.Spirit's shareholders resisted the airline's view that the merger with Frontier was a better deal, despite the lower price tag.Mr. Christie said in May that JetBlue's cash offer was a cynical effort to keep Spirit and Frontier from becoming a more formidable foe. Even in late June, he argued that a deal with JetBlue was almost certain to be blocked by regulators, leading to \"two years of strategic abyss\" for Spirit.Frontier sweetened its offer, hoping to win shareholder support ahead the shareholder vote, throwing in more cash, boosting the breakup fee it would pay if regulators blocked the deal, and promising to pay a portion of the price right away after shareholders approved the deal.JetBlue swiftly countered with a larger breakup fee, a bigger upfront payment, and the addition of a ticking dividend-like payment starting next year to counter uncertainty about how long it might take a deal to be completed.Investors favored JetBlue's cash over Spirit's arguments. As votes came in ahead of the June 30 shareholder meeting, it became clear that the Frontier deal was floundering. Even traditional money managers such as BlackRock and Fidelity were voting against the merger, some of the people said.Spirit postponed the shareholder meeting -- its second such delay -- to regroup.Its leaders gradually realized that they were no longer facing a decision between being acquired by JetBlue or by Frontier, but between a deal with JetBlue or no deal at all, and formulated a new plan with its advisers, some of the people familiar with the matter said.Spirit continued to advocate for the Frontier deal, but talks with JetBlue also progressed, and Spirit postponed the shareholder meeting two more times to speak with suitors and investors. Frontier Chief Executive Barry Biffle wrote to Spirit on July 10 that Frontier had made its best and final offer, solidifying the new stage in deliberations.\"Ultimately, we weren't heading toward stockholder approval for the Frontier merger,\" Mr. Christie told Spirit employees in a message Thursday. Mr. Christie said he'd been trying to get the best deal for Spirit and its shareholders, and that the final agreement was better than what JetBlue had originally offered, with more protection.The deal price hasn't changed since JetBlue's offer in late June, but more recent discussions focused on how the two carriers would operate while the deal is being reviewed, protections if it should be blocked, and formalizing JetBlue's commitment that Spirit's workers can stay in Florida, the people said. JetBlue and Spirit came to a final agreement after Spirit and Frontier terminated their merger on July 27.JetBlue agreed to pay an additional $70 million to Spirit if regulators block the deal, in addition to the $400 million breakup fee for Spirit's shareholders it had already offered.While industry observers for years had anticipated a deal between Frontier and Spirit, JetBlue had also had its eye on the Florida-based discounter.New York-based JetBlue had missed out on a chance to buy Virgin America after losing a bidding war to Alaska Air Group Inc. in 2016.In early 2020, JetBlue's board had extensive discussions about the prospect of buying Spirit, and by February 2020, JetBlue was prepared to approach Spirit about a potential deal, according to people familiar with the matter. Before it did, the Covid-19 pandemic turned the industry upside down. Airlines quickly turned their attention inward to shore up their balance sheets in order to weather the steep downturn.When Spirit and Frontier announced plans to merge in February in a $2.9 billion deal, Mr. Hayes knew he had to act quickly. He called advisers that day, one of the people said.JetBlue's advisers worked through a series of questions. Did Frontier have enough cash to withstand a bidding war? Would the Northeast Alliance, JetBlue's partnership with American Airlines Group Inc., be an impediment? That arrangement was already being challenged by the Justice Department.The JetBlue team concluded that making a run at Spirit could work. By agreeing to an acquisition by Frontier in the first place, Spirit's board had signaled that it was for sale, and could be open to a better offer, they reasoned.Spirit's investor base was heavily tilted toward individual investors, something JetBlue's team believed could make it difficult for Spirit to corral enough support to win a contested vote. And even as the Justice Department was challenging JetBlue's alliance with American, it touted JetBlue as a disruptive competitor.Mark Ahasic, an aviation consultant and former JetBlue executive, said buying Spirit will give JetBlue the heft it needs to become more relevant in places like the middle of the country, where it doesn't offer enough flights to be a threat to bigger airlines. \"In my opinion JetBlue really needs to grow to become more of a national player,\" he said.JetBlue's Mr. Hayes has said Spirit's pilots, fleet and order book for new planes are a big part of the airline's appeal, speeding up expansion that would otherwise take JetBlue years to achieve on its own.JetBlue executives have said the two airlines have more in common than it might seem. JetBlue has said it brings fares down when it enters new markets, and also offers a basic product geared toward the most budget-conscious travelers, like Spirit's customers.The airlines will likely face intense scrutiny from the Justice Department, which for years has been concerned that airline competition is dwindling and has been criticized by consumer groups and antitrust advocates for allowing so many combinations to go forward.Mr. Hayes said a merger between JetBlue and Spirit could address some of the concerns about a lack of competition in the airline industry. \"We believe competition is much more greatly enhanced by allowing this transaction,\" he said last week.Gordon Bethune, former chief executive of Continental Airlines, said a larger JetBlue would be a more effective check on the big airlines that dominate the industry.\"If we put Frontier and Spirit together, we just have one big cheap airline,\" he said. \"The best for the United States consumer would be JetBlue strengthening.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}