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2022-06-24

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2022-06-06

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2021-07-28

Great opportunity!

2021-07-28

Is this the sign!

Wall St snaps five-day up streak as caution rises before tech earnings, Fed

2021-06-23

Yes..yes

Why I Believe NIO Will Beat Out Tesla

2021-06-23

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2021-06-23

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Singapore’s Millionaires Count Expected to Surge 62% by 2025

2021-06-23

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Tech leads way to Wall Street rebound as Powell promises steady hand

2021-06-22

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Family offices tap into the Spac boom

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opportunity!","listText":"Great opportunity!","text":"Great opportunity!","images":[{"img":"https://static.tigerbbs.com/fd2569fb02ad4dc98b517ac117f29a70","width":"1080","height":"2279"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803216363","isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":803204671,"gmtCreate":1627439411393,"gmtModify":1703489985312,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"themes":[],"htmlText":"Is this the sign!","listText":"Is this the sign!","text":"Is this the sign!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803204671","repostId":"2154991792","repostType":4,"repost":{"id":"2154991792","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1627428087,"share":"https://ttm.financial/m/news/2154991792?lang=&edition=fundamental","pubTime":"2021-07-28 07:21","market":"us","language":"en","title":"Wall St snaps five-day up streak as caution rises before tech earnings, Fed","url":"https://stock-news.laohu8.com/highlight/detail?id=2154991792","media":"Reuters","summary":"NEW YORK, July 27 (Reuters) - U.S. stocks fell on Tuesday, ending a five-day winning streak in the t","content":"<p>NEW YORK, July 27 (Reuters) - U.S. stocks fell on Tuesday, ending a five-day winning streak in the three major indexes, as investors were cautious before results from top tech and internet names and Wednesday's Federal Reserve announcement.</p>\n<p>The Nasdaq led the day's declines, registering its biggest daily percentage drop since May 12, but the three indexes pared losses heading into the close and ended well off the lows of the session.</p>\n<p>Shares of Apple Inc, Microsoft Corp&nbsp;and Google parent Alphabet Inc , which all reported earnings after the bell, dropped and weighed the most on the Nasdaq and S&amp;P 500 along with Amazon.com Inc , which is expected to report results later this week.</p>\n<p>Also, electric-car maker Tesla Inc fell 2%, a day after it posted a bigger-than-expected second-quarter profit but said a global chip shortage that led to temporary factory shutdowns for the automaker remains serious.</p>\n<p>Shares of the heavily weighted tech and internet companies have run up recently and last week regained leadership in the market, putting their results even more in the spotlight.</p>\n<p>\"Expectations are so high. They're going to have good numbers ... but we are expecting much more or maybe they will talk down the second half of the year,\" said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.</p>\n<p>Adding to the cautious tone is the outlook for U.S.-listed Chinese stocks, he said. The shares including Baidu extended losses as fears over more regulations in the mainland persisted.</p>\n<p>\"There's a fair amount of (U.S.) investors in those companies,\" Nolte said.</p>\n<p>Uncertainty also rose as the Fed began its two-day meeting, with investors looking for signs on when it intends to begin reining in its massive stimulus program.</p>\n<p>The Dow Jones Industrial Average&nbsp;fell 85.79 points, or 0.24%, to 35,058.52, the S&amp;P 500&nbsp;lost 20.84 points, or 0.47%, to 4,401.46 and the Nasdaq Composite &nbsp;dropped 180.14 points, or 1.21%, to 14,660.58.</p>\n<p>Helping to support the Dow, shares of McDonald's Corp&nbsp;rose 1% ahead of its results due before the bell on Wednesday.</p>\n<p>In another sign that investors were in a risk-off mood, defensive sectors such as real estate&nbsp;and utilities&nbsp;were the two best-performing S&amp;P 500 categories for the day, and U.S. Treasuries prices rose.</p>\n<p>Intel Corp&nbsp;shares dropped 2.1% after it said its factories would start building Qualcomm chips and laid out a road map to expand its new foundry business.</p>\n<p>Volume on U.S. exchanges was 10.36 billion shares, compared with the 9.86 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.87-to-1 ratio; on Nasdaq, a 2.65-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 44 new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 235 new lows.</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>Wall St snaps five-day up streak as caution rises before tech earnings, Fed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall St snaps five-day up streak as caution rises before tech earnings, Fed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-28 07:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, July 27 (Reuters) - U.S. stocks fell on Tuesday, ending a five-day winning streak in the three major indexes, as investors were cautious before results from top tech and internet names and Wednesday's Federal Reserve announcement.</p>\n<p>The Nasdaq led the day's declines, registering its biggest daily percentage drop since May 12, but the three indexes pared losses heading into the close and ended well off the lows of the session.</p>\n<p>Shares of Apple Inc, Microsoft Corp&nbsp;and Google parent Alphabet Inc , which all reported earnings after the bell, dropped and weighed the most on the Nasdaq and S&amp;P 500 along with Amazon.com Inc , which is expected to report results later this week.</p>\n<p>Also, electric-car maker Tesla Inc fell 2%, a day after it posted a bigger-than-expected second-quarter profit but said a global chip shortage that led to temporary factory shutdowns for the automaker remains serious.</p>\n<p>Shares of the heavily weighted tech and internet companies have run up recently and last week regained leadership in the market, putting their results even more in the spotlight.</p>\n<p>\"Expectations are so high. They're going to have good numbers ... but we are expecting much more or maybe they will talk down the second half of the year,\" said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.</p>\n<p>Adding to the cautious tone is the outlook for U.S.-listed Chinese stocks, he said. The shares including Baidu extended losses as fears over more regulations in the mainland persisted.</p>\n<p>\"There's a fair amount of (U.S.) investors in those companies,\" Nolte said.</p>\n<p>Uncertainty also rose as the Fed began its two-day meeting, with investors looking for signs on when it intends to begin reining in its massive stimulus program.</p>\n<p>The Dow Jones Industrial Average&nbsp;fell 85.79 points, or 0.24%, to 35,058.52, the S&amp;P 500&nbsp;lost 20.84 points, or 0.47%, to 4,401.46 and the Nasdaq Composite &nbsp;dropped 180.14 points, or 1.21%, to 14,660.58.</p>\n<p>Helping to support the Dow, shares of McDonald's Corp&nbsp;rose 1% ahead of its results due before the bell on Wednesday.</p>\n<p>In another sign that investors were in a risk-off mood, defensive sectors such as real estate&nbsp;and utilities&nbsp;were the two best-performing S&amp;P 500 categories for the day, and U.S. Treasuries prices rose.</p>\n<p>Intel Corp&nbsp;shares dropped 2.1% after it said its factories would start building Qualcomm chips and laid out a road map to expand its new foundry business.</p>\n<p>Volume on U.S. exchanges was 10.36 billion shares, compared with the 9.86 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.87-to-1 ratio; on Nasdaq, a 2.65-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 44 new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 235 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154991792","content_text":"NEW YORK, July 27 (Reuters) - U.S. stocks fell on Tuesday, ending a five-day winning streak in the three major indexes, as investors were cautious before results from top tech and internet names and Wednesday's Federal Reserve announcement.\nThe Nasdaq led the day's declines, registering its biggest daily percentage drop since May 12, but the three indexes pared losses heading into the close and ended well off the lows of the session.\nShares of Apple Inc, Microsoft Corp and Google parent Alphabet Inc , which all reported earnings after the bell, dropped and weighed the most on the Nasdaq and S&P 500 along with Amazon.com Inc , which is expected to report results later this week.\nAlso, electric-car maker Tesla Inc fell 2%, a day after it posted a bigger-than-expected second-quarter profit but said a global chip shortage that led to temporary factory shutdowns for the automaker remains serious.\nShares of the heavily weighted tech and internet companies have run up recently and last week regained leadership in the market, putting their results even more in the spotlight.\n\"Expectations are so high. They're going to have good numbers ... but we are expecting much more or maybe they will talk down the second half of the year,\" said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.\nAdding to the cautious tone is the outlook for U.S.-listed Chinese stocks, he said. The shares including Baidu extended losses as fears over more regulations in the mainland persisted.\n\"There's a fair amount of (U.S.) investors in those companies,\" Nolte said.\nUncertainty also rose as the Fed began its two-day meeting, with investors looking for signs on when it intends to begin reining in its massive stimulus program.\nThe Dow Jones Industrial Average fell 85.79 points, or 0.24%, to 35,058.52, the S&P 500 lost 20.84 points, or 0.47%, to 4,401.46 and the Nasdaq Composite  dropped 180.14 points, or 1.21%, to 14,660.58.\nHelping to support the Dow, shares of McDonald's Corp rose 1% ahead of its results due before the bell on Wednesday.\nIn another sign that investors were in a risk-off mood, defensive sectors such as real estate and utilities were the two best-performing S&P 500 categories for the day, and U.S. Treasuries prices rose.\nIntel Corp shares dropped 2.1% after it said its factories would start building Qualcomm chips and laid out a road map to expand its new foundry business.\nVolume on U.S. exchanges was 10.36 billion shares, compared with the 9.86 billion average for the full session over the last 20 trading days.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.87-to-1 ratio; on Nasdaq, a 2.65-to-1 ratio favored decliners.\nThe S&P 500 posted 44 new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 235 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121004278,"gmtCreate":1624442467394,"gmtModify":1703836807464,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"themes":[],"htmlText":"Yes..yes","listText":"Yes..yes","text":"Yes..yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/121004278","repostId":"1145825451","repostType":4,"repost":{"id":"1145825451","kind":"news","pubTimestamp":1624433586,"share":"https://ttm.financial/m/news/1145825451?lang=&edition=fundamental","pubTime":"2021-06-23 15:33","market":"us","language":"en","title":"Why I Believe NIO Will Beat Out Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1145825451","media":"InvestorPlace","summary":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.Super fans of the latest and greatest high-endTesla, Inc. model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.The go","content":"<blockquote>\n <b>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.</b>\n</blockquote>\n<p>Super fans of the latest and greatest high-end<b>Tesla, Inc.</b>(NASDAQ:<b>TSLA</b>) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.</p>\n<p><img src=\"https://static.tigerbbs.com/b294a3604c7ba82bd19b3c70be3a4020\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: nrqemi / Shutterstock.com</p>\n<p>Musk wrote there was… “No need, as Plaid is just so good.”</p>\n<p>The Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.</p>\n<p>Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.</p>\n<p>As a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.</p>\n<p>This “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.</p>\n<p>Both the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.</p>\n<p>Clearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”</p>\n<p>As someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know do<i>not</i>want to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.</p>\n<p>What Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.</p>\n<p>The good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.</p>\n<p>This is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.</p>\n<p>However, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.</p>\n<p><b>Taking Advantage of the EV Revolution’s Profit Potential</b></p>\n<p>I’m talking about&nbsp;<b>Nio, Inc.</b>(NYSE:<b>NIO</b>). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on my<b><i>Platinum Growth Club</i></b>Model Portfolio back in February.</p>\n<p>The company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.</p>\n<p>The company is also partnering with cutting-edge chip companies like<b>NVIDIA Corporation</b>(NASDAQ:<b>NVDA</b>), another one of my<b><i>Platinum Growth Club</i></b>Model Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.</p>\n<p>Now, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.</p>\n<p>With the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.</p>\n<p>That means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.</p>\n<p>Shares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”</p>\n<p>Interestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.</p>\n<p>In other words, NIO represents the<b>crème de la crème</b>of EV stocks right now.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why I Believe NIO Will Beat Out Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy I Believe NIO Will Beat Out Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ...</p>\n\n<a href=\"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145825451","content_text":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.\nSource: nrqemi / Shutterstock.com\nMusk wrote there was… “No need, as Plaid is just so good.”\nThe Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.\nInstead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.\nAs a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.\nThis “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.\nBoth the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.\nClearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”\nAs someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know donotwant to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.\nWhat Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.\nThe good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.\nThis is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.\nHowever, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.\nTaking Advantage of the EV Revolution’s Profit Potential\nI’m talking about Nio, Inc.(NYSE:NIO). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on myPlatinum Growth ClubModel Portfolio back in February.\nThe company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.\nThe company is also partnering with cutting-edge chip companies likeNVIDIA Corporation(NASDAQ:NVDA), another one of myPlatinum Growth ClubModel Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.\nNow, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.\nWith the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.\nThat means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.\nShares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”\nInterestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.\nIn other words, NIO represents thecrème de la crèmeof EV stocks right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123833796,"gmtCreate":1624414937215,"gmtModify":1703835974538,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"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/123833796","repostId":"2145069502","repostType":4,"isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123839290,"gmtCreate":1624414897610,"gmtModify":1703835972421,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"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/123839290","repostId":"1139503540","repostType":4,"repost":{"id":"1139503540","kind":"news","pubTimestamp":1624410306,"share":"https://ttm.financial/m/news/1139503540?lang=&edition=fundamental","pubTime":"2021-06-23 09:05","market":"sg","language":"en","title":"Singapore’s Millionaires Count Expected to Surge 62% by 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=1139503540","media":"Bloomberg","summary":"Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2","content":"<p>Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2025, according toCredit Suisse Group AG, part of a surge in millionaires expected in Asia as financial capitals emerge from the Covid-19 pandemic.</p>\n<p>The city-state may have 437,000 millionaires by 2025 compared with 270,000 in 2020, according to the bank’s2021 Global Wealth Report. That 62% pace would be faster than Hong Kong’s estimated 60% for the same period, but slower than the growth forecast in mainland China, India, Australia, South Korea and Tawian.</p>\n<p>Singapore’s millionaire density -- or percentage of millionaires in the total population -- was 5.5% in 2020, the second-highest in Asia after Hong Kong’s 8.3%, the report said. The island nation’s Gini coefficient -- a more broad-based measure of wealth inequality -- was at 78.3 in 2020, much higher than Japan’s 64.4, South Korea’s 67.6 and Taiwan’s 70.8.</p>\n<p>The wealth share of the top 1% in Singapore was almost 34% at the end of 2020, compared with 18% for Japan, 24% for South Korea and 28% for Taiwan. In a small country like Singapore, higher wealth inequality can result from an unrepresentative cluster of very high net-worth individuals, the report said.</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>Singapore’s Millionaires Count Expected to Surge 62% by 2025</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\">\nSingapore’s Millionaires Count Expected to Surge 62% by 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 09:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-23/singapore-s-millionaires-count-expected-to-surge-62-by-2025><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2025, according toCredit Suisse Group AG, part of a surge in millionaires expected in Asia as ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-23/singapore-s-millionaires-count-expected-to-surge-62-by-2025\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-23/singapore-s-millionaires-count-expected-to-surge-62-by-2025","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139503540","content_text":"Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2025, according toCredit Suisse Group AG, part of a surge in millionaires expected in Asia as financial capitals emerge from the Covid-19 pandemic.\nThe city-state may have 437,000 millionaires by 2025 compared with 270,000 in 2020, according to the bank’s2021 Global Wealth Report. That 62% pace would be faster than Hong Kong’s estimated 60% for the same period, but slower than the growth forecast in mainland China, India, Australia, South Korea and Tawian.\nSingapore’s millionaire density -- or percentage of millionaires in the total population -- was 5.5% in 2020, the second-highest in Asia after Hong Kong’s 8.3%, the report said. The island nation’s Gini coefficient -- a more broad-based measure of wealth inequality -- was at 78.3 in 2020, much higher than Japan’s 64.4, South Korea’s 67.6 and Taiwan’s 70.8.\nThe wealth share of the top 1% in Singapore was almost 34% at the end of 2020, compared with 18% for Japan, 24% for South Korea and 28% for Taiwan. In a small country like Singapore, higher wealth inequality can result from an unrepresentative cluster of very high net-worth individuals, the report said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123830057,"gmtCreate":1624414845279,"gmtModify":1703835970144,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123830057","repostId":"2145664330","repostType":4,"repost":{"id":"2145664330","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624403123,"share":"https://ttm.financial/m/news/2145664330?lang=&edition=fundamental","pubTime":"2021-06-23 07:05","market":"us","language":"en","title":"Tech leads way to Wall Street rebound as Powell promises steady hand","url":"https://stock-news.laohu8.com/highlight/detail?id=2145664330","media":"Reuters","summary":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Pow","content":"<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&amp;P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</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>Tech leads way to Wall Street rebound as Powell promises steady hand</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 leads way to Wall Street rebound as Powell promises steady hand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-23 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&amp;P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","POWL":"Powell Industries"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145664330","content_text":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.\nLed by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.\nThe Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.\nThe Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.\nThe MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.\n\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"\nTestifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.\n\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.\nPowell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.\nThe dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.\nOil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.\nBrent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.\nU.S. West Texas Intermediate $(WTI)$ crude fell 60 cents, or 0.8%, to $73.06 a barrel.\nBitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.\nSpot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129036678,"gmtCreate":1624342552695,"gmtModify":1703833996769,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"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/129036678","repostId":"1161710506","repostType":4,"repost":{"id":"1161710506","kind":"news","pubTimestamp":1624340790,"share":"https://ttm.financial/m/news/1161710506?lang=&edition=fundamental","pubTime":"2021-06-22 13:46","market":"us","language":"en","title":"Family offices tap into the Spac boom","url":"https://stock-news.laohu8.com/highlight/detail?id=1161710506","media":"FT","summary":"Last year, when Isabelle Freidheim was preparing to launch a special purpose acquisition company (Sp","content":"<p>Last year, when Isabelle Freidheim was preparing to launch a special purpose acquisition company (Spac) and join the trend for speculative investments that had so captivated Wall Street last year, one of the first people she contacted to raise the money to get started was Candice Beaumont.</p>\n<p>The two women had known each other since they started in finance two decades ago. Freidheim was eager to engage Beaumont as an adviser to and investor in Athena Technology Acquisition Corp, an all-women-led Spac that Freidheim had co-founded. These investment units have been playing a key roles in the wider Spacs boom — due to their flexibility and relationships with other wealthy deal backers. “Right away, I was like, I’d be delighted to help, I’d be delighted to invest, and I’d be delighted to recommend other women to the board,” says Beaumont.</p>\n<p>Soon afterwards, Beaumont put up part of the risk capital for Freidheim’s Athena Technology Acquisition Corp vehicle — money that is typically used to fund the sponsor team’s expenses, such as fees, legal advice or staff, as they hunt a target. Beaumont also brought in Kay Koplovitz, a friend and former chief executive of the USA Network cable television company, to the Athena board. In March, the Spac raised $250m in its initial public offering (IPO).</p>\n<p>Spacs, which are essentially shell companies set up by their sponsors with the aim of finding a business to acquire and take public through a merger, have boomed during the pandemic. Also known as blank-cheque investment vehicles, they have gone from being largely shunned on Wall Street to raising more than $100bn so far this year, according to Refinitiv, eclipsing the total for 2020.</p>\n<p>Family offices have participated in the boom, albeit in smaller numbers than hedge funds and other institutional investors. Among the most prominent names active in the sector are the family offices of tech entrepreneur Michael Dell, billionaire real estate mogul Barry Sternlicht and former hedge fund executive Dan Och. Some billionaires have even set up their own Spacs, with or without family office backing, including former Facebook executive Chamath Palihapitiya and hedge fund manager Bill Ackman. Billionaire financier George Soros’s family office has also begun hunting for Spac opportunities.</p>\n<p>The clock starts ticking once a Spac goes public, typically at an IPO price of $10 a share. They normally have two years to complete a merger that shareholders will have to approve. Sponsors often need additional capital to complete the transactions, which are financed through private investments in public equity (Pipes).</p>\n<p>Investors have various options to participate. Some, like Beaumont with Athena, contribute to the risk capital for the sponsor — an investment that typically comes in exchange for private placement warrants and gives backers the opportunity to buy shares or warrants, or both, in the combined company later, at a pre-agreed price.</p>\n<p>If there is no deal at the end of the countdown and the Spac fails to get shareholders to agree to an extension, the risk-capital investors lose their money.</p>\n<p>Investors can also buy units, comprising common shares and warrants, in the Spac at the IPO or acquire shares on the public market once the blank-cheque company starts trading; the latter route has given opportunities to retail investors during the past year. Pipes are another entry point for investors.</p>\n<p>Among wealth managers, there is a widely cited credo that “if you’ve seen one family office, you’ve seen one family office” — high-net-worth individuals’ investment operations defy generalisation. Their capital pools are not bound by a need to provide pension payouts or endowment-funded scholarships. Plus, a lack of disclosure requirements makes it difficult to follow family offices — something that has attracted renewed scrutiny after the implosion of financier Bill Hwang’s family office Archegos.</p>\n<p>Family offices, most obviously, are about relationships, perhaps more so than in other areas of finance. The meeting of minds between Freidheim and Beaumont captures that well — they first met when Freidheim was an analyst at Lehman Brothers, the now-defunct broker, and Beaumont worked at Lazard, the investment boutique.</p>\n<p>Since then, both have risen through the ranks on Wall Street. Freidheim joined Invesco’s private equity group after leaving Lehman and later was an investor at venture capital funds The London Fund and MissionOG. In 2018, she founded her own investment firm with a focus on growth tech companies. Beaumont also took the private capital route. After several years in Lazard’s mergers and acquisitions practice, she worked as a private equity principal at hedge fund Argonaut Capital before joining L Investments as CIO in 2013.</p>\n<p>With risk capital and IPO investments in a Spac — which require a high level of conviction and trust from investors that a sponsor has the ability to find a lucrative target company to take public — “it comes down to the track record of this&nbsp;team; what have they done before, who are they?” says Alex Chaloff, co-head of investment strategies at Bernstein Private Wealth Management. “In the family office&nbsp;space, which is such a Rolodex universe, it’s really who you know,” he adds.</p>\n<p>Family offices also tend to be more flexible with their capital. For some, that means prioritising capital preservation at all cost; for others, it means being more comfortable with taking on riskier bets for potentially higher upside than other asset managers might. But they are not immune to Wall Street trends, and Spacs are just the latest example of that.</p>\n<p>“Family offices are largely exempt from registering with the SEC [US Securities and Exchange Commission] and they’ve got a lot of great connections,” says Jane Leung, chief investment officer at Silicon Valley Bank. “They’re able to have a lot more flexibility and nimbleness when it comes to making investments in Spacs.”</p>\n<p>The result is a patchwork of family office activity across&nbsp;the blank-cheque vehicle universe. The Dell family office’s Spac, MSD Acquisition Corp, was launched this year, raising $575m in its IPO.</p>\n<p>Starwood Capital Group founder Sternlicht has been involved with at least six Spacs. His Jaws Acquisition Corp last year announced a planned merger with healthcare company Cano Health, while his Jaws Spitfire Acquisition Corp will merge with 3D printing company Velo3D. Hedge fund investor Och, who launched his Spac Ajax I last year, said in March the company was planning to merge with car sales portal Cazoo in a $7bn deal.</p>\n<p>Yet, in recent months, concerns have grown about the health of the Spac market and deal flow has slowed. While Spacs raised more than $93bn in IPO proceeds and an additional $232bn in merger funding in the first quarter of this year alone, those numbers have dipped, with only $7bn in IPO and $109bn in acquisition proceeds in the second quarter, as of May 21, according to Refinitiv data.</p>\n<p>Family office investors have not held back in their criticism of sponsors with little dealmaking experience and “frothy” trading. “It’s a lot out of control — if you can walk, you can launch a Spac,” Sternlicht told CNBC in March. “We’ve done over 150 investments in my family office, so we see, we know these people.” He added that, in the Pipes market especially, investor sentiment has shifted, with institutions such as BlackRock and Fidelity putting the brakes on rushed deals and sky-high valuations. For some family offices that are not necessarily eager to launch Spacs themselves, that has created new opportunities.</p>\n<p>Dawn Fitzpatrick, chief investment officer of Soros’s private family office, told Bloomberg in March: “When it came to [Spac] Pipes, it was a sellers’ market and you had to take the terms. Now it feels like Pipes are going to get done where the buyers can be smart structurers. We think that could get very interesting when the target company is attractive.”</p>\n<p>Public trading of Spacs has cooled, as well. That has caused many Spac shares to trade below the legally protected trust value of the usual $10 plus accrued interest. For investors, including family offices, that has created an arbitrage opportunity, because Spac investors can redeem shares for their fair trust value if there is no deal, or if they do not want to stay invested after the deal.</p>\n<p>Peter Weprin, an adviser to family office Hemingway Group, says buying Spac shares at or below their IPO price can be a “clever alternative” to regular equity investing in an environment where stocks are expensive and have become more volatile, with some fearing a correction on the horizon. “If the market goes off a cliff, Spacs will be the best ‘performing’ part of a long portfolio because, in essence, you don’t lose a penny, as long as you are pre-merger and you have the time to wait to redeem,” Weprin says.</p>\n<p>Alex Band, head of public equities at Partners Capital, which manages portfolios of family offices and institutional investors, says his team is “most active” in arbitrage opportunities with Spacs. “It’s a pretty good investment if you execute it in a disciplined way,” he says.</p>\n<p>Athena shares are still trading around their fair-trust value as its sponsor team is hunting for a tech company to acquire, ideally one that shows some alignment with the values of Freidheim and her co-lead Phyllis Newhouse, an entrepreneur and former US army cyber-security specialist.</p>\n<p>Freidheim, who is the Spac’s chair, says she assembled her team of advisers and investors — comprising a former SEC commissioner, former chief executives, dealmakers and bankers — on the basis of who would be most helpful and not, as often, most generous with their financial resources.</p>\n<p>Beaumont fits in as a highly networked family investor with a strong record of sourcing deals internationally. Global experience has become increasingly important, as US sponsors have looked abroad for targets to avoid competition from the near-500 blank-cheque companies that have launched since the start of 2019 and were still looking for a deal as of late May.</p>\n<p>“It’s a very different perspective,” Freidheim says. “So it&nbsp;was important to me to have someone like Candice at the&nbsp;table.”</p>","source":"lsy1607686395552","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>Family offices tap into the Spac boom</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\">\nFamily offices tap into the Spac boom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 13:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/059ce5cd-f166-4e9d-8795-d415bf3f7f25?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev><strong>FT</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last year, when Isabelle Freidheim was preparing to launch a special purpose acquisition company (Spac) and join the trend for speculative investments that had so captivated Wall Street last year, one...</p>\n\n<a href=\"https://www.ft.com/content/059ce5cd-f166-4e9d-8795-d415bf3f7f25?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev\">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.ft.com/content/059ce5cd-f166-4e9d-8795-d415bf3f7f25?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161710506","content_text":"Last year, when Isabelle Freidheim was preparing to launch a special purpose acquisition company (Spac) and join the trend for speculative investments that had so captivated Wall Street last year, one of the first people she contacted to raise the money to get started was Candice Beaumont.\nThe two women had known each other since they started in finance two decades ago. Freidheim was eager to engage Beaumont as an adviser to and investor in Athena Technology Acquisition Corp, an all-women-led Spac that Freidheim had co-founded. These investment units have been playing a key roles in the wider Spacs boom — due to their flexibility and relationships with other wealthy deal backers. “Right away, I was like, I’d be delighted to help, I’d be delighted to invest, and I’d be delighted to recommend other women to the board,” says Beaumont.\nSoon afterwards, Beaumont put up part of the risk capital for Freidheim’s Athena Technology Acquisition Corp vehicle — money that is typically used to fund the sponsor team’s expenses, such as fees, legal advice or staff, as they hunt a target. Beaumont also brought in Kay Koplovitz, a friend and former chief executive of the USA Network cable television company, to the Athena board. In March, the Spac raised $250m in its initial public offering (IPO).\nSpacs, which are essentially shell companies set up by their sponsors with the aim of finding a business to acquire and take public through a merger, have boomed during the pandemic. Also known as blank-cheque investment vehicles, they have gone from being largely shunned on Wall Street to raising more than $100bn so far this year, according to Refinitiv, eclipsing the total for 2020.\nFamily offices have participated in the boom, albeit in smaller numbers than hedge funds and other institutional investors. Among the most prominent names active in the sector are the family offices of tech entrepreneur Michael Dell, billionaire real estate mogul Barry Sternlicht and former hedge fund executive Dan Och. Some billionaires have even set up their own Spacs, with or without family office backing, including former Facebook executive Chamath Palihapitiya and hedge fund manager Bill Ackman. Billionaire financier George Soros’s family office has also begun hunting for Spac opportunities.\nThe clock starts ticking once a Spac goes public, typically at an IPO price of $10 a share. They normally have two years to complete a merger that shareholders will have to approve. Sponsors often need additional capital to complete the transactions, which are financed through private investments in public equity (Pipes).\nInvestors have various options to participate. Some, like Beaumont with Athena, contribute to the risk capital for the sponsor — an investment that typically comes in exchange for private placement warrants and gives backers the opportunity to buy shares or warrants, or both, in the combined company later, at a pre-agreed price.\nIf there is no deal at the end of the countdown and the Spac fails to get shareholders to agree to an extension, the risk-capital investors lose their money.\nInvestors can also buy units, comprising common shares and warrants, in the Spac at the IPO or acquire shares on the public market once the blank-cheque company starts trading; the latter route has given opportunities to retail investors during the past year. Pipes are another entry point for investors.\nAmong wealth managers, there is a widely cited credo that “if you’ve seen one family office, you’ve seen one family office” — high-net-worth individuals’ investment operations defy generalisation. Their capital pools are not bound by a need to provide pension payouts or endowment-funded scholarships. Plus, a lack of disclosure requirements makes it difficult to follow family offices — something that has attracted renewed scrutiny after the implosion of financier Bill Hwang’s family office Archegos.\nFamily offices, most obviously, are about relationships, perhaps more so than in other areas of finance. The meeting of minds between Freidheim and Beaumont captures that well — they first met when Freidheim was an analyst at Lehman Brothers, the now-defunct broker, and Beaumont worked at Lazard, the investment boutique.\nSince then, both have risen through the ranks on Wall Street. Freidheim joined Invesco’s private equity group after leaving Lehman and later was an investor at venture capital funds The London Fund and MissionOG. In 2018, she founded her own investment firm with a focus on growth tech companies. Beaumont also took the private capital route. After several years in Lazard’s mergers and acquisitions practice, she worked as a private equity principal at hedge fund Argonaut Capital before joining L Investments as CIO in 2013.\nWith risk capital and IPO investments in a Spac — which require a high level of conviction and trust from investors that a sponsor has the ability to find a lucrative target company to take public — “it comes down to the track record of this team; what have they done before, who are they?” says Alex Chaloff, co-head of investment strategies at Bernstein Private Wealth Management. “In the family office space, which is such a Rolodex universe, it’s really who you know,” he adds.\nFamily offices also tend to be more flexible with their capital. For some, that means prioritising capital preservation at all cost; for others, it means being more comfortable with taking on riskier bets for potentially higher upside than other asset managers might. But they are not immune to Wall Street trends, and Spacs are just the latest example of that.\n“Family offices are largely exempt from registering with the SEC [US Securities and Exchange Commission] and they’ve got a lot of great connections,” says Jane Leung, chief investment officer at Silicon Valley Bank. “They’re able to have a lot more flexibility and nimbleness when it comes to making investments in Spacs.”\nThe result is a patchwork of family office activity across the blank-cheque vehicle universe. The Dell family office’s Spac, MSD Acquisition Corp, was launched this year, raising $575m in its IPO.\nStarwood Capital Group founder Sternlicht has been involved with at least six Spacs. His Jaws Acquisition Corp last year announced a planned merger with healthcare company Cano Health, while his Jaws Spitfire Acquisition Corp will merge with 3D printing company Velo3D. Hedge fund investor Och, who launched his Spac Ajax I last year, said in March the company was planning to merge with car sales portal Cazoo in a $7bn deal.\nYet, in recent months, concerns have grown about the health of the Spac market and deal flow has slowed. While Spacs raised more than $93bn in IPO proceeds and an additional $232bn in merger funding in the first quarter of this year alone, those numbers have dipped, with only $7bn in IPO and $109bn in acquisition proceeds in the second quarter, as of May 21, according to Refinitiv data.\nFamily office investors have not held back in their criticism of sponsors with little dealmaking experience and “frothy” trading. “It’s a lot out of control — if you can walk, you can launch a Spac,” Sternlicht told CNBC in March. “We’ve done over 150 investments in my family office, so we see, we know these people.” He added that, in the Pipes market especially, investor sentiment has shifted, with institutions such as BlackRock and Fidelity putting the brakes on rushed deals and sky-high valuations. For some family offices that are not necessarily eager to launch Spacs themselves, that has created new opportunities.\nDawn Fitzpatrick, chief investment officer of Soros’s private family office, told Bloomberg in March: “When it came to [Spac] Pipes, it was a sellers’ market and you had to take the terms. Now it feels like Pipes are going to get done where the buyers can be smart structurers. We think that could get very interesting when the target company is attractive.”\nPublic trading of Spacs has cooled, as well. That has caused many Spac shares to trade below the legally protected trust value of the usual $10 plus accrued interest. For investors, including family offices, that has created an arbitrage opportunity, because Spac investors can redeem shares for their fair trust value if there is no deal, or if they do not want to stay invested after the deal.\nPeter Weprin, an adviser to family office Hemingway Group, says buying Spac shares at or below their IPO price can be a “clever alternative” to regular equity investing in an environment where stocks are expensive and have become more volatile, with some fearing a correction on the horizon. “If the market goes off a cliff, Spacs will be the best ‘performing’ part of a long portfolio because, in essence, you don’t lose a penny, as long as you are pre-merger and you have the time to wait to redeem,” Weprin says.\nAlex Band, head of public equities at Partners Capital, which manages portfolios of family offices and institutional investors, says his team is “most active” in arbitrage opportunities with Spacs. “It’s a pretty good investment if you execute it in a disciplined way,” he says.\nAthena shares are still trading around their fair-trust value as its sponsor team is hunting for a tech company to acquire, ideally one that shows some alignment with the values of Freidheim and her co-lead Phyllis Newhouse, an entrepreneur and former US army cyber-security specialist.\nFreidheim, who is the Spac’s chair, says she assembled her team of advisers and investors — comprising a former SEC commissioner, former chief executives, dealmakers and bankers — on the basis of who would be most helpful and not, as often, most generous with their financial resources.\nBeaumont fits in as a highly networked family investor with a strong record of sourcing deals internationally. Global experience has become increasingly important, as US sponsors have looked abroad for targets to avoid competition from the near-500 blank-cheque companies that have launched since the start of 2019 and were still looking for a deal as of late May.\n“It’s a very different perspective,” Freidheim says. “So it was important to me to have someone like Candice at the table.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":803204671,"gmtCreate":1627439411393,"gmtModify":1703489985312,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"themes":[],"htmlText":"Is this the sign!","listText":"Is this the sign!","text":"Is this the sign!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803204671","repostId":"2154991792","repostType":4,"repost":{"id":"2154991792","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1627428087,"share":"https://ttm.financial/m/news/2154991792?lang=&edition=fundamental","pubTime":"2021-07-28 07:21","market":"us","language":"en","title":"Wall St snaps five-day up streak as caution rises before tech earnings, Fed","url":"https://stock-news.laohu8.com/highlight/detail?id=2154991792","media":"Reuters","summary":"NEW YORK, July 27 (Reuters) - U.S. stocks fell on Tuesday, ending a five-day winning streak in the t","content":"<p>NEW YORK, July 27 (Reuters) - U.S. stocks fell on Tuesday, ending a five-day winning streak in the three major indexes, as investors were cautious before results from top tech and internet names and Wednesday's Federal Reserve announcement.</p>\n<p>The Nasdaq led the day's declines, registering its biggest daily percentage drop since May 12, but the three indexes pared losses heading into the close and ended well off the lows of the session.</p>\n<p>Shares of Apple Inc, Microsoft Corp&nbsp;and Google parent Alphabet Inc , which all reported earnings after the bell, dropped and weighed the most on the Nasdaq and S&amp;P 500 along with Amazon.com Inc , which is expected to report results later this week.</p>\n<p>Also, electric-car maker Tesla Inc fell 2%, a day after it posted a bigger-than-expected second-quarter profit but said a global chip shortage that led to temporary factory shutdowns for the automaker remains serious.</p>\n<p>Shares of the heavily weighted tech and internet companies have run up recently and last week regained leadership in the market, putting their results even more in the spotlight.</p>\n<p>\"Expectations are so high. They're going to have good numbers ... but we are expecting much more or maybe they will talk down the second half of the year,\" said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.</p>\n<p>Adding to the cautious tone is the outlook for U.S.-listed Chinese stocks, he said. The shares including Baidu extended losses as fears over more regulations in the mainland persisted.</p>\n<p>\"There's a fair amount of (U.S.) investors in those companies,\" Nolte said.</p>\n<p>Uncertainty also rose as the Fed began its two-day meeting, with investors looking for signs on when it intends to begin reining in its massive stimulus program.</p>\n<p>The Dow Jones Industrial Average&nbsp;fell 85.79 points, or 0.24%, to 35,058.52, the S&amp;P 500&nbsp;lost 20.84 points, or 0.47%, to 4,401.46 and the Nasdaq Composite &nbsp;dropped 180.14 points, or 1.21%, to 14,660.58.</p>\n<p>Helping to support the Dow, shares of McDonald's Corp&nbsp;rose 1% ahead of its results due before the bell on Wednesday.</p>\n<p>In another sign that investors were in a risk-off mood, defensive sectors such as real estate&nbsp;and utilities&nbsp;were the two best-performing S&amp;P 500 categories for the day, and U.S. Treasuries prices rose.</p>\n<p>Intel Corp&nbsp;shares dropped 2.1% after it said its factories would start building Qualcomm chips and laid out a road map to expand its new foundry business.</p>\n<p>Volume on U.S. exchanges was 10.36 billion shares, compared with the 9.86 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.87-to-1 ratio; on Nasdaq, a 2.65-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 44 new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 235 new lows.</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>Wall St snaps five-day up streak as caution rises before tech earnings, Fed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall St snaps five-day up streak as caution rises before tech earnings, Fed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-28 07:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, July 27 (Reuters) - U.S. stocks fell on Tuesday, ending a five-day winning streak in the three major indexes, as investors were cautious before results from top tech and internet names and Wednesday's Federal Reserve announcement.</p>\n<p>The Nasdaq led the day's declines, registering its biggest daily percentage drop since May 12, but the three indexes pared losses heading into the close and ended well off the lows of the session.</p>\n<p>Shares of Apple Inc, Microsoft Corp&nbsp;and Google parent Alphabet Inc , which all reported earnings after the bell, dropped and weighed the most on the Nasdaq and S&amp;P 500 along with Amazon.com Inc , which is expected to report results later this week.</p>\n<p>Also, electric-car maker Tesla Inc fell 2%, a day after it posted a bigger-than-expected second-quarter profit but said a global chip shortage that led to temporary factory shutdowns for the automaker remains serious.</p>\n<p>Shares of the heavily weighted tech and internet companies have run up recently and last week regained leadership in the market, putting their results even more in the spotlight.</p>\n<p>\"Expectations are so high. They're going to have good numbers ... but we are expecting much more or maybe they will talk down the second half of the year,\" said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.</p>\n<p>Adding to the cautious tone is the outlook for U.S.-listed Chinese stocks, he said. The shares including Baidu extended losses as fears over more regulations in the mainland persisted.</p>\n<p>\"There's a fair amount of (U.S.) investors in those companies,\" Nolte said.</p>\n<p>Uncertainty also rose as the Fed began its two-day meeting, with investors looking for signs on when it intends to begin reining in its massive stimulus program.</p>\n<p>The Dow Jones Industrial Average&nbsp;fell 85.79 points, or 0.24%, to 35,058.52, the S&amp;P 500&nbsp;lost 20.84 points, or 0.47%, to 4,401.46 and the Nasdaq Composite &nbsp;dropped 180.14 points, or 1.21%, to 14,660.58.</p>\n<p>Helping to support the Dow, shares of McDonald's Corp&nbsp;rose 1% ahead of its results due before the bell on Wednesday.</p>\n<p>In another sign that investors were in a risk-off mood, defensive sectors such as real estate&nbsp;and utilities&nbsp;were the two best-performing S&amp;P 500 categories for the day, and U.S. Treasuries prices rose.</p>\n<p>Intel Corp&nbsp;shares dropped 2.1% after it said its factories would start building Qualcomm chips and laid out a road map to expand its new foundry business.</p>\n<p>Volume on U.S. exchanges was 10.36 billion shares, compared with the 9.86 billion average for the full session over the last 20 trading days.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.87-to-1 ratio; on Nasdaq, a 2.65-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 44 new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 235 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154991792","content_text":"NEW YORK, July 27 (Reuters) - U.S. stocks fell on Tuesday, ending a five-day winning streak in the three major indexes, as investors were cautious before results from top tech and internet names and Wednesday's Federal Reserve announcement.\nThe Nasdaq led the day's declines, registering its biggest daily percentage drop since May 12, but the three indexes pared losses heading into the close and ended well off the lows of the session.\nShares of Apple Inc, Microsoft Corp and Google parent Alphabet Inc , which all reported earnings after the bell, dropped and weighed the most on the Nasdaq and S&P 500 along with Amazon.com Inc , which is expected to report results later this week.\nAlso, electric-car maker Tesla Inc fell 2%, a day after it posted a bigger-than-expected second-quarter profit but said a global chip shortage that led to temporary factory shutdowns for the automaker remains serious.\nShares of the heavily weighted tech and internet companies have run up recently and last week regained leadership in the market, putting their results even more in the spotlight.\n\"Expectations are so high. They're going to have good numbers ... but we are expecting much more or maybe they will talk down the second half of the year,\" said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.\nAdding to the cautious tone is the outlook for U.S.-listed Chinese stocks, he said. The shares including Baidu extended losses as fears over more regulations in the mainland persisted.\n\"There's a fair amount of (U.S.) investors in those companies,\" Nolte said.\nUncertainty also rose as the Fed began its two-day meeting, with investors looking for signs on when it intends to begin reining in its massive stimulus program.\nThe Dow Jones Industrial Average fell 85.79 points, or 0.24%, to 35,058.52, the S&P 500 lost 20.84 points, or 0.47%, to 4,401.46 and the Nasdaq Composite  dropped 180.14 points, or 1.21%, to 14,660.58.\nHelping to support the Dow, shares of McDonald's Corp rose 1% ahead of its results due before the bell on Wednesday.\nIn another sign that investors were in a risk-off mood, defensive sectors such as real estate and utilities were the two best-performing S&P 500 categories for the day, and U.S. Treasuries prices rose.\nIntel Corp shares dropped 2.1% after it said its factories would start building Qualcomm chips and laid out a road map to expand its new foundry business.\nVolume on U.S. exchanges was 10.36 billion shares, compared with the 9.86 billion average for the full session over the last 20 trading days.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.87-to-1 ratio; on Nasdaq, a 2.65-to-1 ratio favored decliners.\nThe S&P 500 posted 44 new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 235 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121004278,"gmtCreate":1624442467394,"gmtModify":1703836807464,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"themes":[],"htmlText":"Yes..yes","listText":"Yes..yes","text":"Yes..yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/121004278","repostId":"1145825451","repostType":4,"repost":{"id":"1145825451","kind":"news","pubTimestamp":1624433586,"share":"https://ttm.financial/m/news/1145825451?lang=&edition=fundamental","pubTime":"2021-06-23 15:33","market":"us","language":"en","title":"Why I Believe NIO Will Beat Out Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1145825451","media":"InvestorPlace","summary":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.Super fans of the latest and greatest high-endTesla, Inc. model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.The go","content":"<blockquote>\n <b>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.</b>\n</blockquote>\n<p>Super fans of the latest and greatest high-end<b>Tesla, Inc.</b>(NASDAQ:<b>TSLA</b>) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.</p>\n<p><img src=\"https://static.tigerbbs.com/b294a3604c7ba82bd19b3c70be3a4020\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: nrqemi / Shutterstock.com</p>\n<p>Musk wrote there was… “No need, as Plaid is just so good.”</p>\n<p>The Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.</p>\n<p>Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.</p>\n<p>As a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.</p>\n<p>This “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.</p>\n<p>Both the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.</p>\n<p>Clearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”</p>\n<p>As someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know do<i>not</i>want to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.</p>\n<p>What Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.</p>\n<p>The good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.</p>\n<p>This is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.</p>\n<p>However, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.</p>\n<p><b>Taking Advantage of the EV Revolution’s Profit Potential</b></p>\n<p>I’m talking about&nbsp;<b>Nio, Inc.</b>(NYSE:<b>NIO</b>). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on my<b><i>Platinum Growth Club</i></b>Model Portfolio back in February.</p>\n<p>The company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.</p>\n<p>The company is also partnering with cutting-edge chip companies like<b>NVIDIA Corporation</b>(NASDAQ:<b>NVDA</b>), another one of my<b><i>Platinum Growth Club</i></b>Model Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.</p>\n<p>Now, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.</p>\n<p>With the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.</p>\n<p>That means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.</p>\n<p>Shares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”</p>\n<p>Interestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.</p>\n<p>In other words, NIO represents the<b>crème de la crème</b>of EV stocks right now.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why I Believe NIO Will Beat Out Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy I Believe NIO Will Beat Out Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ...</p>\n\n<a href=\"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145825451","content_text":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.\nSource: nrqemi / Shutterstock.com\nMusk wrote there was… “No need, as Plaid is just so good.”\nThe Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.\nInstead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.\nAs a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.\nThis “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.\nBoth the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.\nClearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”\nAs someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know donotwant to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.\nWhat Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.\nThe good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.\nThis is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.\nHowever, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.\nTaking Advantage of the EV Revolution’s Profit Potential\nI’m talking about Nio, Inc.(NYSE:NIO). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on myPlatinum Growth ClubModel Portfolio back in February.\nThe company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.\nThe company is also partnering with cutting-edge chip companies likeNVIDIA Corporation(NASDAQ:NVDA), another one of myPlatinum Growth ClubModel Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.\nNow, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.\nWith the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.\nThat means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.\nShares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”\nInterestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.\nIn other words, NIO represents thecrème de la crèmeof EV stocks right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9053825545,"gmtCreate":1654520917688,"gmtModify":1676535461151,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"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/9053825545","repostId":"1149182314","repostType":4,"repost":{"id":"1149182314","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":1654516983,"share":"https://ttm.financial/m/news/1149182314?lang=&edition=fundamental","pubTime":"2022-06-06 20:03","market":"us","language":"en","title":"Pre-Bell｜U.S. Stock Futures Rebound; Chinese ADRs Rally With DiDi Surging 58%","url":"https://stock-news.laohu8.com/highlight/detail?id=1149182314","media":"Tiger Newspress","summary":"U.S. stock futures were firmly higher ahead of Monday’s open as the indexes aim to rebound from a we","content":"<html><head></head><body><p>U.S. stock futures were firmly higher ahead of Monday’s open as the indexes aim to rebound from a week of losses on the heels of strong May jobs data that affirmed Federal Reserve officials were likely to continue sharpening monetary conditions.</p><h2><b>Market Snapshot</b></h2><p>At 8:00 a.m. ET, Dow e-minis were up 261 points, or 0.79%, S&amp;P 500 e-minis were up 43.25 points, or 1.05%, and Nasdaq 100 e-minis were up 177.75 points, or 1.42%.</p><p><img src=\"https://static.tigerbbs.com/32356eb437fab98af3b4679a7c581975\" tg-width=\"391\" tg-height=\"244\" referrerpolicy=\"no-referrer\"/></p><h2><b>Pre-Market Movers</b></h2><p><a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> – Spirit jumped 6.1% in the premarket after JetBlue(JBLU)sweetened its bid for Spirit. JetBlue will increase its breakup fee for the deal to $350 million and pay part of that as a dividend if the deal is consummated, increasing the value to $31.50 per share. JetBlue shares were unchanged.</p><p><a href=\"https://laohu8.com/S/KDP\">Keurig Dr Pepper</a> – The beverage maker’s stock will be added to the S&amp;P 500 index prior to the opening of trading on June 21, along withON Semiconductor(ON) and real estate investment trust VICI Properties(VICI). Keurig rallied 7.9% in premarket action, with ON Semiconductor surging 7.2% and VICI jumping 8.4%.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a> – The drugmaker’s stock rose 1.2% in premarket trading, after announcing successful results in studies involving diabetes drugs Trulicity and Jardiance.</p><p><a href=\"https://laohu8.com/S/UAA\">Under Armour</a> – Under Armour stock is among those being replaced in the S&amp;P 500 on June 21. Under Armour will move to the S&amp;P MidCap 400, along with laser makerIPG Photonics(IPGP). Under Armour lost 1.2% in the premarket.</p><p><a href=\"https://laohu8.com/S/REV\">Revlon</a> – Revlon is in talks with lenders on pushing back debt payment deadlines as the cosmetics maker tries to avoid a bankruptcy filing, according to people familiar with the matter who spoke to The Wall Street Journal. The talks involve extending the maturity date on about $1.7 billion in debt that comes due as early as 2024. Revlon added 1.6% in premarket trading.</p><p><a href=\"https://laohu8.com/S/SBUX\">Starbucks</a> – Starbucks is considering only external candidates to be its next CEO, according to interim Chief Executive Officer Howard Schultz. He told The Wall Street Journal that the company needs to add new talent to its executive ranks. Starbucks was up 1.8% in the premarket.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> – Apple shares are on watch as the company’s annual Worldwide Developers Conference begins. Apple stock has lost 16.9% so far this year amid concerns about a slowdown in demand. Apple gained 1.4% in premarket trading.</p><p>$Solar companies$ – Shares of solar equipment providers rose in premarket trading, following a Reuters report saying the White House would declare a 24-month exemption from solar panel tariffs as well as other moves to spur U.S. solar panel production. SolarEdge Technologies(SEDG) added 4.3%, Sunrun(RUN) jumped 11.1%, First Solar(FSLR) gained 2.3%, JinkoSolar(JKS) rallied 5.9% and SunPower(SPWR) rallied 7.2%.</p><h2><b>Market News</b></h2><h3>Tesla Rebounded in Premarket Trading After Musk’s Mixed Messages on Job Cuts</h3><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Inc.</a> Chief Executive Officer Elon Musk sent staff, investors and electric-car watchers on a three-day rollercoaster with conflicting messages about potential job cuts, underlining the sometimes erratic nature of his leadership and muddying the automaker’s outlook.</p><p>Musk on Saturday tweeted that Tesla’s total workforce would grow, even as the number of salaried workers remains broadly the same. That followed his Friday message to employees that 10% of salaried workers would lose their jobs. According to people who received the memo, Musk said Tesla is overstaffed in some areas, though the cuts won’t apply to people who assemble cars or battery packs.</p><h3>Alibaba&#39;s Ant Has Set up a Digital Bank Called ANEXT Bank in Singapore</h3><p>Alibaba&#39;s affiliate company <b>Ant Group</b> has set up a digital bank called <b>ANEXT Bank</b> in Singapore, and it will be organized as a wholly-owned subsidiary of Ant Group.</p><p>ANEXT, which received approval from the Monetary Authority of Singapore last week to commence business, intends to focus on providing digital financial services to local and regional micro, small and medium enterprises.</p><h3>NIO’s Operation in Shanghai Swings Back To Pre-COVID Lockdown Levels</h3><p>Shanghai-based Nio resumed operations of 61 battery swap stations and 94 charging stations in the city that has recently begun emerging from nearly two-month-long extensive COVID-19 related curbs.</p><p>Nio has also piled up over 16,000 services so far this month.</p><p>Overall, Nio’s facilities and battery swap operations have largely returned to the pre-COVID levels, the report said, adding that more charging and battery swap stations are expected to resume operations as per pandemic requirements.</p><h3>Li Auto CEO Says The Company Will Launch Its Second Model L9 on June 21</h3><p>Li Auto will launch its second production model the L9 on June 21 and is ready to ramp up production in its factory in the eastern city of Changzhou, chief executive Li Xiang said on June 4 on his Weibo account. In August, the company will begin delivering the family sports utility vehicle, with a price tag between RMB 450,000 ($67,635) and RMB 500,000, and is confident of achieving monthly delivery of more than 10,000 new cars from September, according to Li.</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>Pre-Bell｜U.S. Stock Futures Rebound; Chinese ADRs Rally With DiDi Surging 58%</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\">\nPre-Bell｜U.S. Stock Futures Rebound; Chinese ADRs Rally With DiDi Surging 58%\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\">2022-06-06 20:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures were firmly higher ahead of Monday’s open as the indexes aim to rebound from a week of losses on the heels of strong May jobs data that affirmed Federal Reserve officials were likely to continue sharpening monetary conditions.</p><h2><b>Market Snapshot</b></h2><p>At 8:00 a.m. ET, Dow e-minis were up 261 points, or 0.79%, S&amp;P 500 e-minis were up 43.25 points, or 1.05%, and Nasdaq 100 e-minis were up 177.75 points, or 1.42%.</p><p><img src=\"https://static.tigerbbs.com/32356eb437fab98af3b4679a7c581975\" tg-width=\"391\" tg-height=\"244\" referrerpolicy=\"no-referrer\"/></p><h2><b>Pre-Market Movers</b></h2><p><a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> – Spirit jumped 6.1% in the premarket after JetBlue(JBLU)sweetened its bid for Spirit. JetBlue will increase its breakup fee for the deal to $350 million and pay part of that as a dividend if the deal is consummated, increasing the value to $31.50 per share. JetBlue shares were unchanged.</p><p><a href=\"https://laohu8.com/S/KDP\">Keurig Dr Pepper</a> – The beverage maker’s stock will be added to the S&amp;P 500 index prior to the opening of trading on June 21, along withON Semiconductor(ON) and real estate investment trust VICI Properties(VICI). Keurig rallied 7.9% in premarket action, with ON Semiconductor surging 7.2% and VICI jumping 8.4%.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a> – The drugmaker’s stock rose 1.2% in premarket trading, after announcing successful results in studies involving diabetes drugs Trulicity and Jardiance.</p><p><a href=\"https://laohu8.com/S/UAA\">Under Armour</a> – Under Armour stock is among those being replaced in the S&amp;P 500 on June 21. Under Armour will move to the S&amp;P MidCap 400, along with laser makerIPG Photonics(IPGP). Under Armour lost 1.2% in the premarket.</p><p><a href=\"https://laohu8.com/S/REV\">Revlon</a> – Revlon is in talks with lenders on pushing back debt payment deadlines as the cosmetics maker tries to avoid a bankruptcy filing, according to people familiar with the matter who spoke to The Wall Street Journal. The talks involve extending the maturity date on about $1.7 billion in debt that comes due as early as 2024. Revlon added 1.6% in premarket trading.</p><p><a href=\"https://laohu8.com/S/SBUX\">Starbucks</a> – Starbucks is considering only external candidates to be its next CEO, according to interim Chief Executive Officer Howard Schultz. He told The Wall Street Journal that the company needs to add new talent to its executive ranks. Starbucks was up 1.8% in the premarket.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> – Apple shares are on watch as the company’s annual Worldwide Developers Conference begins. Apple stock has lost 16.9% so far this year amid concerns about a slowdown in demand. Apple gained 1.4% in premarket trading.</p><p>$Solar companies$ – Shares of solar equipment providers rose in premarket trading, following a Reuters report saying the White House would declare a 24-month exemption from solar panel tariffs as well as other moves to spur U.S. solar panel production. SolarEdge Technologies(SEDG) added 4.3%, Sunrun(RUN) jumped 11.1%, First Solar(FSLR) gained 2.3%, JinkoSolar(JKS) rallied 5.9% and SunPower(SPWR) rallied 7.2%.</p><h2><b>Market News</b></h2><h3>Tesla Rebounded in Premarket Trading After Musk’s Mixed Messages on Job Cuts</h3><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Inc.</a> Chief Executive Officer Elon Musk sent staff, investors and electric-car watchers on a three-day rollercoaster with conflicting messages about potential job cuts, underlining the sometimes erratic nature of his leadership and muddying the automaker’s outlook.</p><p>Musk on Saturday tweeted that Tesla’s total workforce would grow, even as the number of salaried workers remains broadly the same. That followed his Friday message to employees that 10% of salaried workers would lose their jobs. According to people who received the memo, Musk said Tesla is overstaffed in some areas, though the cuts won’t apply to people who assemble cars or battery packs.</p><h3>Alibaba&#39;s Ant Has Set up a Digital Bank Called ANEXT Bank in Singapore</h3><p>Alibaba&#39;s affiliate company <b>Ant Group</b> has set up a digital bank called <b>ANEXT Bank</b> in Singapore, and it will be organized as a wholly-owned subsidiary of Ant Group.</p><p>ANEXT, which received approval from the Monetary Authority of Singapore last week to commence business, intends to focus on providing digital financial services to local and regional micro, small and medium enterprises.</p><h3>NIO’s Operation in Shanghai Swings Back To Pre-COVID Lockdown Levels</h3><p>Shanghai-based Nio resumed operations of 61 battery swap stations and 94 charging stations in the city that has recently begun emerging from nearly two-month-long extensive COVID-19 related curbs.</p><p>Nio has also piled up over 16,000 services so far this month.</p><p>Overall, Nio’s facilities and battery swap operations have largely returned to the pre-COVID levels, the report said, adding that more charging and battery swap stations are expected to resume operations as per pandemic requirements.</p><h3>Li Auto CEO Says The Company Will Launch Its Second Model L9 on June 21</h3><p>Li Auto will launch its second production model the L9 on June 21 and is ready to ramp up production in its factory in the eastern city of Changzhou, chief executive Li Xiang said on June 4 on his Weibo account. In August, the company will begin delivering the family sports utility vehicle, with a price tag between RMB 450,000 ($67,635) and RMB 500,000, and is confident of achieving monthly delivery of more than 10,000 new cars from September, according to Li.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149182314","content_text":"U.S. stock futures were firmly higher ahead of Monday’s open as the indexes aim to rebound from a week of losses on the heels of strong May jobs data that affirmed Federal Reserve officials were likely to continue sharpening monetary conditions.Market SnapshotAt 8:00 a.m. ET, Dow e-minis were up 261 points, or 0.79%, S&P 500 e-minis were up 43.25 points, or 1.05%, and Nasdaq 100 e-minis were up 177.75 points, or 1.42%.Pre-Market MoversSpirit Airlines – Spirit jumped 6.1% in the premarket after JetBlue(JBLU)sweetened its bid for Spirit. JetBlue will increase its breakup fee for the deal to $350 million and pay part of that as a dividend if the deal is consummated, increasing the value to $31.50 per share. JetBlue shares were unchanged.Keurig Dr Pepper – The beverage maker’s stock will be added to the S&P 500 index prior to the opening of trading on June 21, along withON Semiconductor(ON) and real estate investment trust VICI Properties(VICI). Keurig rallied 7.9% in premarket action, with ON Semiconductor surging 7.2% and VICI jumping 8.4%.Eli Lilly – The drugmaker’s stock rose 1.2% in premarket trading, after announcing successful results in studies involving diabetes drugs Trulicity and Jardiance.Under Armour – Under Armour stock is among those being replaced in the S&P 500 on June 21. Under Armour will move to the S&P MidCap 400, along with laser makerIPG Photonics(IPGP). Under Armour lost 1.2% in the premarket.Revlon – Revlon is in talks with lenders on pushing back debt payment deadlines as the cosmetics maker tries to avoid a bankruptcy filing, according to people familiar with the matter who spoke to The Wall Street Journal. The talks involve extending the maturity date on about $1.7 billion in debt that comes due as early as 2024. Revlon added 1.6% in premarket trading.Starbucks – Starbucks is considering only external candidates to be its next CEO, according to interim Chief Executive Officer Howard Schultz. He told The Wall Street Journal that the company needs to add new talent to its executive ranks. Starbucks was up 1.8% in the premarket.Apple – Apple shares are on watch as the company’s annual Worldwide Developers Conference begins. Apple stock has lost 16.9% so far this year amid concerns about a slowdown in demand. Apple gained 1.4% in premarket trading.$Solar companies$ – Shares of solar equipment providers rose in premarket trading, following a Reuters report saying the White House would declare a 24-month exemption from solar panel tariffs as well as other moves to spur U.S. solar panel production. SolarEdge Technologies(SEDG) added 4.3%, Sunrun(RUN) jumped 11.1%, First Solar(FSLR) gained 2.3%, JinkoSolar(JKS) rallied 5.9% and SunPower(SPWR) rallied 7.2%.Market NewsTesla Rebounded in Premarket Trading After Musk’s Mixed Messages on Job CutsTesla Inc. Chief Executive Officer Elon Musk sent staff, investors and electric-car watchers on a three-day rollercoaster with conflicting messages about potential job cuts, underlining the sometimes erratic nature of his leadership and muddying the automaker’s outlook.Musk on Saturday tweeted that Tesla’s total workforce would grow, even as the number of salaried workers remains broadly the same. That followed his Friday message to employees that 10% of salaried workers would lose their jobs. According to people who received the memo, Musk said Tesla is overstaffed in some areas, though the cuts won’t apply to people who assemble cars or battery packs.Alibaba's Ant Has Set up a Digital Bank Called ANEXT Bank in SingaporeAlibaba's affiliate company Ant Group has set up a digital bank called ANEXT Bank in Singapore, and it will be organized as a wholly-owned subsidiary of Ant Group.ANEXT, which received approval from the Monetary Authority of Singapore last week to commence business, intends to focus on providing digital financial services to local and regional micro, small and medium enterprises.NIO’s Operation in Shanghai Swings Back To Pre-COVID Lockdown LevelsShanghai-based Nio resumed operations of 61 battery swap stations and 94 charging stations in the city that has recently begun emerging from nearly two-month-long extensive COVID-19 related curbs.Nio has also piled up over 16,000 services so far this month.Overall, Nio’s facilities and battery swap operations have largely returned to the pre-COVID levels, the report said, adding that more charging and battery swap stations are expected to resume operations as per pandemic requirements.Li Auto CEO Says The Company Will Launch Its Second Model L9 on June 21Li Auto will launch its second production model the L9 on June 21 and is ready to ramp up production in its factory in the eastern city of Changzhou, chief executive Li Xiang said on June 4 on his Weibo account. In August, the company will begin delivering the family sports utility vehicle, with a price tag between RMB 450,000 ($67,635) and RMB 500,000, and is confident of achieving monthly delivery of more than 10,000 new cars from September, according to Li.","news_type":1},"isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129036678,"gmtCreate":1624342552695,"gmtModify":1703833996769,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"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/129036678","repostId":"1161710506","repostType":4,"repost":{"id":"1161710506","kind":"news","pubTimestamp":1624340790,"share":"https://ttm.financial/m/news/1161710506?lang=&edition=fundamental","pubTime":"2021-06-22 13:46","market":"us","language":"en","title":"Family offices tap into the Spac boom","url":"https://stock-news.laohu8.com/highlight/detail?id=1161710506","media":"FT","summary":"Last year, when Isabelle Freidheim was preparing to launch a special purpose acquisition company (Sp","content":"<p>Last year, when Isabelle Freidheim was preparing to launch a special purpose acquisition company (Spac) and join the trend for speculative investments that had so captivated Wall Street last year, one of the first people she contacted to raise the money to get started was Candice Beaumont.</p>\n<p>The two women had known each other since they started in finance two decades ago. Freidheim was eager to engage Beaumont as an adviser to and investor in Athena Technology Acquisition Corp, an all-women-led Spac that Freidheim had co-founded. These investment units have been playing a key roles in the wider Spacs boom — due to their flexibility and relationships with other wealthy deal backers. “Right away, I was like, I’d be delighted to help, I’d be delighted to invest, and I’d be delighted to recommend other women to the board,” says Beaumont.</p>\n<p>Soon afterwards, Beaumont put up part of the risk capital for Freidheim’s Athena Technology Acquisition Corp vehicle — money that is typically used to fund the sponsor team’s expenses, such as fees, legal advice or staff, as they hunt a target. Beaumont also brought in Kay Koplovitz, a friend and former chief executive of the USA Network cable television company, to the Athena board. In March, the Spac raised $250m in its initial public offering (IPO).</p>\n<p>Spacs, which are essentially shell companies set up by their sponsors with the aim of finding a business to acquire and take public through a merger, have boomed during the pandemic. Also known as blank-cheque investment vehicles, they have gone from being largely shunned on Wall Street to raising more than $100bn so far this year, according to Refinitiv, eclipsing the total for 2020.</p>\n<p>Family offices have participated in the boom, albeit in smaller numbers than hedge funds and other institutional investors. Among the most prominent names active in the sector are the family offices of tech entrepreneur Michael Dell, billionaire real estate mogul Barry Sternlicht and former hedge fund executive Dan Och. Some billionaires have even set up their own Spacs, with or without family office backing, including former Facebook executive Chamath Palihapitiya and hedge fund manager Bill Ackman. Billionaire financier George Soros’s family office has also begun hunting for Spac opportunities.</p>\n<p>The clock starts ticking once a Spac goes public, typically at an IPO price of $10 a share. They normally have two years to complete a merger that shareholders will have to approve. Sponsors often need additional capital to complete the transactions, which are financed through private investments in public equity (Pipes).</p>\n<p>Investors have various options to participate. Some, like Beaumont with Athena, contribute to the risk capital for the sponsor — an investment that typically comes in exchange for private placement warrants and gives backers the opportunity to buy shares or warrants, or both, in the combined company later, at a pre-agreed price.</p>\n<p>If there is no deal at the end of the countdown and the Spac fails to get shareholders to agree to an extension, the risk-capital investors lose their money.</p>\n<p>Investors can also buy units, comprising common shares and warrants, in the Spac at the IPO or acquire shares on the public market once the blank-cheque company starts trading; the latter route has given opportunities to retail investors during the past year. Pipes are another entry point for investors.</p>\n<p>Among wealth managers, there is a widely cited credo that “if you’ve seen one family office, you’ve seen one family office” — high-net-worth individuals’ investment operations defy generalisation. Their capital pools are not bound by a need to provide pension payouts or endowment-funded scholarships. Plus, a lack of disclosure requirements makes it difficult to follow family offices — something that has attracted renewed scrutiny after the implosion of financier Bill Hwang’s family office Archegos.</p>\n<p>Family offices, most obviously, are about relationships, perhaps more so than in other areas of finance. The meeting of minds between Freidheim and Beaumont captures that well — they first met when Freidheim was an analyst at Lehman Brothers, the now-defunct broker, and Beaumont worked at Lazard, the investment boutique.</p>\n<p>Since then, both have risen through the ranks on Wall Street. Freidheim joined Invesco’s private equity group after leaving Lehman and later was an investor at venture capital funds The London Fund and MissionOG. In 2018, she founded her own investment firm with a focus on growth tech companies. Beaumont also took the private capital route. After several years in Lazard’s mergers and acquisitions practice, she worked as a private equity principal at hedge fund Argonaut Capital before joining L Investments as CIO in 2013.</p>\n<p>With risk capital and IPO investments in a Spac — which require a high level of conviction and trust from investors that a sponsor has the ability to find a lucrative target company to take public — “it comes down to the track record of this&nbsp;team; what have they done before, who are they?” says Alex Chaloff, co-head of investment strategies at Bernstein Private Wealth Management. “In the family office&nbsp;space, which is such a Rolodex universe, it’s really who you know,” he adds.</p>\n<p>Family offices also tend to be more flexible with their capital. For some, that means prioritising capital preservation at all cost; for others, it means being more comfortable with taking on riskier bets for potentially higher upside than other asset managers might. But they are not immune to Wall Street trends, and Spacs are just the latest example of that.</p>\n<p>“Family offices are largely exempt from registering with the SEC [US Securities and Exchange Commission] and they’ve got a lot of great connections,” says Jane Leung, chief investment officer at Silicon Valley Bank. “They’re able to have a lot more flexibility and nimbleness when it comes to making investments in Spacs.”</p>\n<p>The result is a patchwork of family office activity across&nbsp;the blank-cheque vehicle universe. The Dell family office’s Spac, MSD Acquisition Corp, was launched this year, raising $575m in its IPO.</p>\n<p>Starwood Capital Group founder Sternlicht has been involved with at least six Spacs. His Jaws Acquisition Corp last year announced a planned merger with healthcare company Cano Health, while his Jaws Spitfire Acquisition Corp will merge with 3D printing company Velo3D. Hedge fund investor Och, who launched his Spac Ajax I last year, said in March the company was planning to merge with car sales portal Cazoo in a $7bn deal.</p>\n<p>Yet, in recent months, concerns have grown about the health of the Spac market and deal flow has slowed. While Spacs raised more than $93bn in IPO proceeds and an additional $232bn in merger funding in the first quarter of this year alone, those numbers have dipped, with only $7bn in IPO and $109bn in acquisition proceeds in the second quarter, as of May 21, according to Refinitiv data.</p>\n<p>Family office investors have not held back in their criticism of sponsors with little dealmaking experience and “frothy” trading. “It’s a lot out of control — if you can walk, you can launch a Spac,” Sternlicht told CNBC in March. “We’ve done over 150 investments in my family office, so we see, we know these people.” He added that, in the Pipes market especially, investor sentiment has shifted, with institutions such as BlackRock and Fidelity putting the brakes on rushed deals and sky-high valuations. For some family offices that are not necessarily eager to launch Spacs themselves, that has created new opportunities.</p>\n<p>Dawn Fitzpatrick, chief investment officer of Soros’s private family office, told Bloomberg in March: “When it came to [Spac] Pipes, it was a sellers’ market and you had to take the terms. Now it feels like Pipes are going to get done where the buyers can be smart structurers. We think that could get very interesting when the target company is attractive.”</p>\n<p>Public trading of Spacs has cooled, as well. That has caused many Spac shares to trade below the legally protected trust value of the usual $10 plus accrued interest. For investors, including family offices, that has created an arbitrage opportunity, because Spac investors can redeem shares for their fair trust value if there is no deal, or if they do not want to stay invested after the deal.</p>\n<p>Peter Weprin, an adviser to family office Hemingway Group, says buying Spac shares at or below their IPO price can be a “clever alternative” to regular equity investing in an environment where stocks are expensive and have become more volatile, with some fearing a correction on the horizon. “If the market goes off a cliff, Spacs will be the best ‘performing’ part of a long portfolio because, in essence, you don’t lose a penny, as long as you are pre-merger and you have the time to wait to redeem,” Weprin says.</p>\n<p>Alex Band, head of public equities at Partners Capital, which manages portfolios of family offices and institutional investors, says his team is “most active” in arbitrage opportunities with Spacs. “It’s a pretty good investment if you execute it in a disciplined way,” he says.</p>\n<p>Athena shares are still trading around their fair-trust value as its sponsor team is hunting for a tech company to acquire, ideally one that shows some alignment with the values of Freidheim and her co-lead Phyllis Newhouse, an entrepreneur and former US army cyber-security specialist.</p>\n<p>Freidheim, who is the Spac’s chair, says she assembled her team of advisers and investors — comprising a former SEC commissioner, former chief executives, dealmakers and bankers — on the basis of who would be most helpful and not, as often, most generous with their financial resources.</p>\n<p>Beaumont fits in as a highly networked family investor with a strong record of sourcing deals internationally. Global experience has become increasingly important, as US sponsors have looked abroad for targets to avoid competition from the near-500 blank-cheque companies that have launched since the start of 2019 and were still looking for a deal as of late May.</p>\n<p>“It’s a very different perspective,” Freidheim says. “So it&nbsp;was important to me to have someone like Candice at the&nbsp;table.”</p>","source":"lsy1607686395552","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>Family offices tap into the Spac boom</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\">\nFamily offices tap into the Spac boom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 13:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/059ce5cd-f166-4e9d-8795-d415bf3f7f25?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev><strong>FT</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last year, when Isabelle Freidheim was preparing to launch a special purpose acquisition company (Spac) and join the trend for speculative investments that had so captivated Wall Street last year, one...</p>\n\n<a href=\"https://www.ft.com/content/059ce5cd-f166-4e9d-8795-d415bf3f7f25?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev\">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.ft.com/content/059ce5cd-f166-4e9d-8795-d415bf3f7f25?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161710506","content_text":"Last year, when Isabelle Freidheim was preparing to launch a special purpose acquisition company (Spac) and join the trend for speculative investments that had so captivated Wall Street last year, one of the first people she contacted to raise the money to get started was Candice Beaumont.\nThe two women had known each other since they started in finance two decades ago. Freidheim was eager to engage Beaumont as an adviser to and investor in Athena Technology Acquisition Corp, an all-women-led Spac that Freidheim had co-founded. These investment units have been playing a key roles in the wider Spacs boom — due to their flexibility and relationships with other wealthy deal backers. “Right away, I was like, I’d be delighted to help, I’d be delighted to invest, and I’d be delighted to recommend other women to the board,” says Beaumont.\nSoon afterwards, Beaumont put up part of the risk capital for Freidheim’s Athena Technology Acquisition Corp vehicle — money that is typically used to fund the sponsor team’s expenses, such as fees, legal advice or staff, as they hunt a target. Beaumont also brought in Kay Koplovitz, a friend and former chief executive of the USA Network cable television company, to the Athena board. In March, the Spac raised $250m in its initial public offering (IPO).\nSpacs, which are essentially shell companies set up by their sponsors with the aim of finding a business to acquire and take public through a merger, have boomed during the pandemic. Also known as blank-cheque investment vehicles, they have gone from being largely shunned on Wall Street to raising more than $100bn so far this year, according to Refinitiv, eclipsing the total for 2020.\nFamily offices have participated in the boom, albeit in smaller numbers than hedge funds and other institutional investors. Among the most prominent names active in the sector are the family offices of tech entrepreneur Michael Dell, billionaire real estate mogul Barry Sternlicht and former hedge fund executive Dan Och. Some billionaires have even set up their own Spacs, with or without family office backing, including former Facebook executive Chamath Palihapitiya and hedge fund manager Bill Ackman. Billionaire financier George Soros’s family office has also begun hunting for Spac opportunities.\nThe clock starts ticking once a Spac goes public, typically at an IPO price of $10 a share. They normally have two years to complete a merger that shareholders will have to approve. Sponsors often need additional capital to complete the transactions, which are financed through private investments in public equity (Pipes).\nInvestors have various options to participate. Some, like Beaumont with Athena, contribute to the risk capital for the sponsor — an investment that typically comes in exchange for private placement warrants and gives backers the opportunity to buy shares or warrants, or both, in the combined company later, at a pre-agreed price.\nIf there is no deal at the end of the countdown and the Spac fails to get shareholders to agree to an extension, the risk-capital investors lose their money.\nInvestors can also buy units, comprising common shares and warrants, in the Spac at the IPO or acquire shares on the public market once the blank-cheque company starts trading; the latter route has given opportunities to retail investors during the past year. Pipes are another entry point for investors.\nAmong wealth managers, there is a widely cited credo that “if you’ve seen one family office, you’ve seen one family office” — high-net-worth individuals’ investment operations defy generalisation. Their capital pools are not bound by a need to provide pension payouts or endowment-funded scholarships. Plus, a lack of disclosure requirements makes it difficult to follow family offices — something that has attracted renewed scrutiny after the implosion of financier Bill Hwang’s family office Archegos.\nFamily offices, most obviously, are about relationships, perhaps more so than in other areas of finance. The meeting of minds between Freidheim and Beaumont captures that well — they first met when Freidheim was an analyst at Lehman Brothers, the now-defunct broker, and Beaumont worked at Lazard, the investment boutique.\nSince then, both have risen through the ranks on Wall Street. Freidheim joined Invesco’s private equity group after leaving Lehman and later was an investor at venture capital funds The London Fund and MissionOG. In 2018, she founded her own investment firm with a focus on growth tech companies. Beaumont also took the private capital route. After several years in Lazard’s mergers and acquisitions practice, she worked as a private equity principal at hedge fund Argonaut Capital before joining L Investments as CIO in 2013.\nWith risk capital and IPO investments in a Spac — which require a high level of conviction and trust from investors that a sponsor has the ability to find a lucrative target company to take public — “it comes down to the track record of this team; what have they done before, who are they?” says Alex Chaloff, co-head of investment strategies at Bernstein Private Wealth Management. “In the family office space, which is such a Rolodex universe, it’s really who you know,” he adds.\nFamily offices also tend to be more flexible with their capital. For some, that means prioritising capital preservation at all cost; for others, it means being more comfortable with taking on riskier bets for potentially higher upside than other asset managers might. But they are not immune to Wall Street trends, and Spacs are just the latest example of that.\n“Family offices are largely exempt from registering with the SEC [US Securities and Exchange Commission] and they’ve got a lot of great connections,” says Jane Leung, chief investment officer at Silicon Valley Bank. “They’re able to have a lot more flexibility and nimbleness when it comes to making investments in Spacs.”\nThe result is a patchwork of family office activity across the blank-cheque vehicle universe. The Dell family office’s Spac, MSD Acquisition Corp, was launched this year, raising $575m in its IPO.\nStarwood Capital Group founder Sternlicht has been involved with at least six Spacs. His Jaws Acquisition Corp last year announced a planned merger with healthcare company Cano Health, while his Jaws Spitfire Acquisition Corp will merge with 3D printing company Velo3D. Hedge fund investor Och, who launched his Spac Ajax I last year, said in March the company was planning to merge with car sales portal Cazoo in a $7bn deal.\nYet, in recent months, concerns have grown about the health of the Spac market and deal flow has slowed. While Spacs raised more than $93bn in IPO proceeds and an additional $232bn in merger funding in the first quarter of this year alone, those numbers have dipped, with only $7bn in IPO and $109bn in acquisition proceeds in the second quarter, as of May 21, according to Refinitiv data.\nFamily office investors have not held back in their criticism of sponsors with little dealmaking experience and “frothy” trading. “It’s a lot out of control — if you can walk, you can launch a Spac,” Sternlicht told CNBC in March. “We’ve done over 150 investments in my family office, so we see, we know these people.” He added that, in the Pipes market especially, investor sentiment has shifted, with institutions such as BlackRock and Fidelity putting the brakes on rushed deals and sky-high valuations. For some family offices that are not necessarily eager to launch Spacs themselves, that has created new opportunities.\nDawn Fitzpatrick, chief investment officer of Soros’s private family office, told Bloomberg in March: “When it came to [Spac] Pipes, it was a sellers’ market and you had to take the terms. Now it feels like Pipes are going to get done where the buyers can be smart structurers. We think that could get very interesting when the target company is attractive.”\nPublic trading of Spacs has cooled, as well. That has caused many Spac shares to trade below the legally protected trust value of the usual $10 plus accrued interest. For investors, including family offices, that has created an arbitrage opportunity, because Spac investors can redeem shares for their fair trust value if there is no deal, or if they do not want to stay invested after the deal.\nPeter Weprin, an adviser to family office Hemingway Group, says buying Spac shares at or below their IPO price can be a “clever alternative” to regular equity investing in an environment where stocks are expensive and have become more volatile, with some fearing a correction on the horizon. “If the market goes off a cliff, Spacs will be the best ‘performing’ part of a long portfolio because, in essence, you don’t lose a penny, as long as you are pre-merger and you have the time to wait to redeem,” Weprin says.\nAlex Band, head of public equities at Partners Capital, which manages portfolios of family offices and institutional investors, says his team is “most active” in arbitrage opportunities with Spacs. “It’s a pretty good investment if you execute it in a disciplined way,” he says.\nAthena shares are still trading around their fair-trust value as its sponsor team is hunting for a tech company to acquire, ideally one that shows some alignment with the values of Freidheim and her co-lead Phyllis Newhouse, an entrepreneur and former US army cyber-security specialist.\nFreidheim, who is the Spac’s chair, says she assembled her team of advisers and investors — comprising a former SEC commissioner, former chief executives, dealmakers and bankers — on the basis of who would be most helpful and not, as often, most generous with their financial resources.\nBeaumont fits in as a highly networked family investor with a strong record of sourcing deals internationally. Global experience has become increasingly important, as US sponsors have looked abroad for targets to avoid competition from the near-500 blank-cheque companies that have launched since the start of 2019 and were still looking for a deal as of late May.\n“It’s a very different perspective,” Freidheim says. “So it was important to me to have someone like Candice at the table.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9041266725,"gmtCreate":1656058409567,"gmtModify":1676535760591,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"themes":[],"htmlText":"Can","listText":"Can","text":"Can","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041266725","repostId":"1154719529","repostType":2,"repost":{"id":"1154719529","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":1656057947,"share":"https://ttm.financial/m/news/1154719529?lang=&edition=fundamental","pubTime":"2022-06-24 16:05","market":"us","language":"en","title":"Hot Chinese ADRs Climbed in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1154719529","media":"Tiger Newspress","summary":"Hot chinese ADRs climbed in premarket trading. Alibaba, JD.com, Pinduoduo, Baidu, iQiyi, Nio, Xpeng,","content":"<html><head></head><body><p>Hot chinese ADRs climbed in premarket trading. Alibaba, JD.com, Pinduoduo, Baidu, iQiyi, Nio, Xpeng, Li Auto, Bilibili and KE Holding rose between 2% and 6%.</p><p><img src=\"https://static.tigerbbs.com/a3a3a99ac68f0cccd6e86269fb8d4dab\" tg-width=\"381\" tg-height=\"605\" width=\"100%\" height=\"auto\"/></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>Hot Chinese ADRs Climbed in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHot Chinese ADRs Climbed in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-24 16:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Hot chinese ADRs climbed in premarket trading. Alibaba, JD.com, Pinduoduo, Baidu, iQiyi, Nio, Xpeng, Li Auto, Bilibili and KE Holding rose between 2% and 6%.</p><p><img src=\"https://static.tigerbbs.com/a3a3a99ac68f0cccd6e86269fb8d4dab\" tg-width=\"381\" tg-height=\"605\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BEKE":"贝壳","XPEV":"小鹏汽车","PDD":"拼多多","NIO":"蔚来","IQ":"爱奇艺","BIDU":"百度","JD":"京东","BILI":"哔哩哔哩","LI":"理想汽车","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154719529","content_text":"Hot chinese ADRs climbed in premarket trading. Alibaba, JD.com, Pinduoduo, Baidu, iQiyi, Nio, Xpeng, Li Auto, Bilibili and KE Holding rose between 2% and 6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123830057,"gmtCreate":1624414845279,"gmtModify":1703835970144,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123830057","repostId":"2145664330","repostType":4,"repost":{"id":"2145664330","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624403123,"share":"https://ttm.financial/m/news/2145664330?lang=&edition=fundamental","pubTime":"2021-06-23 07:05","market":"us","language":"en","title":"Tech leads way to Wall Street rebound as Powell promises steady hand","url":"https://stock-news.laohu8.com/highlight/detail?id=2145664330","media":"Reuters","summary":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Pow","content":"<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&amp;P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</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>Tech leads way to Wall Street rebound as Powell promises steady hand</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 leads way to Wall Street rebound as Powell promises steady hand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-23 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&amp;P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","POWL":"Powell Industries"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145664330","content_text":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.\nLed by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.\nThe Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.\nThe Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.\nThe MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.\n\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"\nTestifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.\n\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.\nPowell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.\nThe dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.\nOil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.\nBrent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.\nU.S. West Texas Intermediate $(WTI)$ crude fell 60 cents, or 0.8%, to $73.06 a barrel.\nBitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.\nSpot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803216363,"gmtCreate":1627440971652,"gmtModify":1703490024217,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"themes":[],"htmlText":"Great opportunity!","listText":"Great opportunity!","text":"Great opportunity!","images":[{"img":"https://static.tigerbbs.com/fd2569fb02ad4dc98b517ac117f29a70","width":"1080","height":"2279"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803216363","isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":123833796,"gmtCreate":1624414937215,"gmtModify":1703835974538,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"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/123833796","repostId":"2145069502","repostType":4,"repost":{"id":"2145069502","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624409284,"share":"https://ttm.financial/m/news/2145069502?lang=&edition=fundamental","pubTime":"2021-06-23 08:48","market":"us","language":"en","title":"Biden sees work needed to address problems created by big tech firms -White House","url":"https://stock-news.laohu8.com/highlight/detail?id=2145069502","media":"Reuters","summary":"WASHINGTON, June 22  - U.S. President Joe Biden believes steps are needed to safeguard privacy, bolster innovation and deal with other problems created by big technology platforms, the White House said on Tuesday, signaling his support for legislation concerning Big Tech.Biden is encouraged by bipartisan work underway in Congress to tackle these issues, the official said, a day before the U.S. House Judiciary Committee votes on a package of antitrust bills, some of which target the market power ","content":"<p>WASHINGTON, June 22 (Reuters) - U.S. President Joe Biden believes steps are needed to safeguard privacy, bolster innovation and deal with other problems created by big technology platforms, the White House said on Tuesday, signaling his support for legislation concerning Big Tech.</p>\n<p>Biden is encouraged by bipartisan work underway in Congress to tackle these issues, the official said, a day before the U.S. House Judiciary Committee votes on a package of antitrust bills, some of which target the market power of large tech firms.</p>\n<p>\"These platforms have transformed our daily lives, and showcase our country's ingenuity and potential, but also create real problems for users, small businesses, and tech startups,\" said the White House official.</p>\n<p>\"The president believes we need to address the problems these platforms create to protect privacy, generate more innovation, and make sure the great tech companies of the future can emerge and grow right here in the U.S.,\" the official said.</p>\n<p>The House Judiciary Committee will vote on Wednesday on a package of six antitrust bills, including two that address the issue of giant companies, such as Amazon.com Inc and Alphabet Inc's Google, creating a platform for other businesses and then competing against those same businesses.</p>\n<p>The legislation drew fire on Tuesday from the U.S. Chamber of Commerce, the largest U.S. business group, which warned it would have \"dangerous consequences for America.\"</p>\n<p>It said antitrust laws \"should not be rigged against a small number of companies.\"</p>\n<p>The White House hoped the bipartisan proposals would move forward in the legislative process and looked forward to working with Congress on the issue, the official added.</p>\n<p>In a separate development, the Federal Trade Commission, whose new chairwoman has been critical of Amazon, has decided to review the company's planned purchase of U.S. movie studio MGM, a source familiar with the matter said.</p>\n<p>Lina Khan was sworn in as FTC chair on June 15 in what was broadly seen as a victory for progressives seeking tougher antitrust enforcement.</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>Biden sees work needed to address problems created by big tech firms -White House</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\">\nBiden sees work needed to address problems created by big tech firms -White House\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-23 08:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, June 22 (Reuters) - U.S. President Joe Biden believes steps are needed to safeguard privacy, bolster innovation and deal with other problems created by big technology platforms, the White House said on Tuesday, signaling his support for legislation concerning Big Tech.</p>\n<p>Biden is encouraged by bipartisan work underway in Congress to tackle these issues, the official said, a day before the U.S. House Judiciary Committee votes on a package of antitrust bills, some of which target the market power of large tech firms.</p>\n<p>\"These platforms have transformed our daily lives, and showcase our country's ingenuity and potential, but also create real problems for users, small businesses, and tech startups,\" said the White House official.</p>\n<p>\"The president believes we need to address the problems these platforms create to protect privacy, generate more innovation, and make sure the great tech companies of the future can emerge and grow right here in the U.S.,\" the official said.</p>\n<p>The House Judiciary Committee will vote on Wednesday on a package of six antitrust bills, including two that address the issue of giant companies, such as Amazon.com Inc and Alphabet Inc's Google, creating a platform for other businesses and then competing against those same businesses.</p>\n<p>The legislation drew fire on Tuesday from the U.S. Chamber of Commerce, the largest U.S. business group, which warned it would have \"dangerous consequences for America.\"</p>\n<p>It said antitrust laws \"should not be rigged against a small number of companies.\"</p>\n<p>The White House hoped the bipartisan proposals would move forward in the legislative process and looked forward to working with Congress on the issue, the official added.</p>\n<p>In a separate development, the Federal Trade Commission, whose new chairwoman has been critical of Amazon, has decided to review the company's planned purchase of U.S. movie studio MGM, a source familiar with the matter said.</p>\n<p>Lina Khan was sworn in as FTC chair on June 15 in what was broadly seen as a victory for progressives seeking tougher antitrust enforcement.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","AMZN":"亚马逊","03086":"华夏纳指","09086":"华夏纳指-U","GOOGL":"谷歌A"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145069502","content_text":"WASHINGTON, June 22 (Reuters) - U.S. President Joe Biden believes steps are needed to safeguard privacy, bolster innovation and deal with other problems created by big technology platforms, the White House said on Tuesday, signaling his support for legislation concerning Big Tech.\nBiden is encouraged by bipartisan work underway in Congress to tackle these issues, the official said, a day before the U.S. House Judiciary Committee votes on a package of antitrust bills, some of which target the market power of large tech firms.\n\"These platforms have transformed our daily lives, and showcase our country's ingenuity and potential, but also create real problems for users, small businesses, and tech startups,\" said the White House official.\n\"The president believes we need to address the problems these platforms create to protect privacy, generate more innovation, and make sure the great tech companies of the future can emerge and grow right here in the U.S.,\" the official said.\nThe House Judiciary Committee will vote on Wednesday on a package of six antitrust bills, including two that address the issue of giant companies, such as Amazon.com Inc and Alphabet Inc's Google, creating a platform for other businesses and then competing against those same businesses.\nThe legislation drew fire on Tuesday from the U.S. Chamber of Commerce, the largest U.S. business group, which warned it would have \"dangerous consequences for America.\"\nIt said antitrust laws \"should not be rigged against a small number of companies.\"\nThe White House hoped the bipartisan proposals would move forward in the legislative process and looked forward to working with Congress on the issue, the official added.\nIn a separate development, the Federal Trade Commission, whose new chairwoman has been critical of Amazon, has decided to review the company's planned purchase of U.S. movie studio MGM, a source familiar with the matter said.\nLina Khan was sworn in as FTC chair on June 15 in what was broadly seen as a victory for progressives seeking tougher antitrust enforcement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123839290,"gmtCreate":1624414897610,"gmtModify":1703835972421,"author":{"id":"3586259444797567","authorId":"3586259444797567","name":"Venses","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586259444797567","authorIdStr":"3586259444797567"},"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/123839290","repostId":"1139503540","repostType":4,"repost":{"id":"1139503540","kind":"news","pubTimestamp":1624410306,"share":"https://ttm.financial/m/news/1139503540?lang=&edition=fundamental","pubTime":"2021-06-23 09:05","market":"sg","language":"en","title":"Singapore’s Millionaires Count Expected to Surge 62% by 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=1139503540","media":"Bloomberg","summary":"Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2","content":"<p>Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2025, according toCredit Suisse Group AG, part of a surge in millionaires expected in Asia as financial capitals emerge from the Covid-19 pandemic.</p>\n<p>The city-state may have 437,000 millionaires by 2025 compared with 270,000 in 2020, according to the bank’s2021 Global Wealth Report. That 62% pace would be faster than Hong Kong’s estimated 60% for the same period, but slower than the growth forecast in mainland China, India, Australia, South Korea and Tawian.</p>\n<p>Singapore’s millionaire density -- or percentage of millionaires in the total population -- was 5.5% in 2020, the second-highest in Asia after Hong Kong’s 8.3%, the report said. The island nation’s Gini coefficient -- a more broad-based measure of wealth inequality -- was at 78.3 in 2020, much higher than Japan’s 64.4, South Korea’s 67.6 and Taiwan’s 70.8.</p>\n<p>The wealth share of the top 1% in Singapore was almost 34% at the end of 2020, compared with 18% for Japan, 24% for South Korea and 28% for Taiwan. In a small country like Singapore, higher wealth inequality can result from an unrepresentative cluster of very high net-worth individuals, the report said.</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>Singapore’s Millionaires Count Expected to Surge 62% by 2025</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\">\nSingapore’s Millionaires Count Expected to Surge 62% by 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 09:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-23/singapore-s-millionaires-count-expected-to-surge-62-by-2025><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2025, according toCredit Suisse Group AG, part of a surge in millionaires expected in Asia as ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-23/singapore-s-millionaires-count-expected-to-surge-62-by-2025\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-23/singapore-s-millionaires-count-expected-to-surge-62-by-2025","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139503540","content_text":"Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2025, according toCredit Suisse Group AG, part of a surge in millionaires expected in Asia as financial capitals emerge from the Covid-19 pandemic.\nThe city-state may have 437,000 millionaires by 2025 compared with 270,000 in 2020, according to the bank’s2021 Global Wealth Report. That 62% pace would be faster than Hong Kong’s estimated 60% for the same period, but slower than the growth forecast in mainland China, India, Australia, South Korea and Tawian.\nSingapore’s millionaire density -- or percentage of millionaires in the total population -- was 5.5% in 2020, the second-highest in Asia after Hong Kong’s 8.3%, the report said. The island nation’s Gini coefficient -- a more broad-based measure of wealth inequality -- was at 78.3 in 2020, much higher than Japan’s 64.4, South Korea’s 67.6 and Taiwan’s 70.8.\nThe wealth share of the top 1% in Singapore was almost 34% at the end of 2020, compared with 18% for Japan, 24% for South Korea and 28% for Taiwan. In a small country like Singapore, higher wealth inequality can result from an unrepresentative cluster of very high net-worth individuals, the report said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}