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2021-09-20

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港版"投资盲盒"游戏来了！并购标的看齐IPO！明星们还能玩转吗？

2021-09-20

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美股恐进一步回落！“财政版”减码真正让美国经济痛苦

2021-09-20

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2021-09-14

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3M Doubles Its Estimated Drop in Car Output on Chip Shortage

2021-09-06

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2021-09-05

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2021-09-05

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2021-09-02

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2021-08-09

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Former Hong Kong IPO Vetting Chief Pleads Not Guilty as Trial Begins

2021-08-09

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2021-08-05

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Wall Street closes mixed, S&P 500 ends off record high

2021-08-05

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2021-08-04

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@小虎活动:【老虎財報季】寫財報分析，贏取老虎限量商務套裝

2021-08-04

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2021-08-03

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2021-08-03

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Moderna, Pfizer Hike Vaccine Prices By Up To 25%

2021-08-03

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2021-08-03

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2021-08-03

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2021-08-01

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Home prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.

Go to Tiger App to see more news

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15:10","market":"hk","language":"zh","title":"港版\"投资盲盒\"游戏来了！并购标的看齐IPO！明星们还能玩转吗？","url":"https://stock-news.laohu8.com/highlight/detail?id=1156524086","media":"券商中国","summary":"港交所计划推出监管更为严格的SPAC上市机制。\n近日，港交所发出咨询文件，对推行“特殊目的收购公司”（SPAC）上市机制征询市场意见。据了解，咨询期45天，10月31日为截止日。\nSPAC模式去年以来","content":"<p>港交所计划推出监管更为严格的SPAC上市机制。</p>\n<p><b>近日，港交所发出咨询文件，对推行“特殊目的收购公司”（SPAC）上市机制征询市场意见。据了解，咨询期45天，10月31日为截止日。</b></p>\n<p>SPAC模式去年以来在华尔街盛行，但也备受争议。业内人士认为，SPAC是一场击鼓传花的“投资盲盒”游戏，反映出并购标的质量有可能不高、投资回报被夸大、投机氛围浓厚等问题。</p>\n<p>从咨询文件来看，港交所致力于维持高质素市场声誉，对SPAC上市申请人以及并购标的收紧监管，以确保SPAC发起人具备丰富的经验及良好的声誉，并且以优质SPAC并购为目标。</p>\n<p><b>旨在吸引大中华区、东南亚企业上市</b></p>\n<p>去年以来，美股SPAC上市热潮吸引全球资本市场的目光。据了解，SPAC模式通常而言，是发起人造壳上市并向市场投资者募集资金，计划在2年内寻找标的并完成收购，若规定时间内未完成并购，那么投资者能拿回本金及一定利息。对于标的企业而言，这是区别于传统IPO和借壳上市的另一种上市方式。</p>\n<p><b>数据显示，美股今年一季度SPAC的IPO无论是数量亦或募资总额均已超过去年全年，上市热度创下十年新高。</b></p>\n<p>多地交易所受此吸引，计划引入或修订SPAC上市机制以提升当地资本市场的吸引力。</p>\n<p>港交所在今年年初早有酝酿。9月17日港交所正式对SPAC上市机制征求市场意见。咨询文件提到，引入SPAC上市制度对香港市场有多项益处。</p>\n<p><b>一是争取SPAC来港上市。</b>港交所表示，截至2021年7月13日，有25家总部位于大中华区的SPAC在美国上市，首次公开发售所得款项共约42亿美元（331亿港元)，当中有20家的总部设于香港，5家总部设于中国内地。此外，也有数家总部不在这些地点的SPAC，却是以大中华区为业务重心。</p>\n<p>在港交所看来，以物色大中华目标为重心的SPAC若能来港上市，可能有助于确保这些目标公司选择在香港而非美国上市。</p>\n<p><b>二是争取大中华与东南亚公司来港上市。</b>数据显示，过去三年来，先后有2家中国香港、8家中国内地及2家新加坡公司通过SPAC并购交易在美国上市。截至2021年7月13日，这12家公司的市值合共约260亿港元。</p>\n<p>港交所与市场进行初步讨论时了解到，不少上市申请人实际上想以“双轨”方式上市，即一方面透过传统IPO上市，另一方面也计划通过SPAC上市。若香港市场也可提供这种“双轨”方案，或有助争取大中华公司来香港上市。</p>\n<p><img src=\"https://static.tigerbbs.com/6f2a687ce2b56c1f40130146887aae60\" tg-width=\"1080\" tg-height=\"661\" referrerpolicy=\"no-referrer\"></p>\n<p>港交所上市主管陈翊庭表示，“我们深信，香港引入SPAC上市制度可为市场提供传统首次公开招股以外的另一渠道，吸引更多来自大中华区、东南亚以至世界各地的公司来港上市。”</p>\n<p><b>强调SPAC发起人专业素养</b></p>\n<p>由于SPAC市场空前火爆，除了专业投资机构外，美国有体育明星、乐坛歌星也参与SPAC的发起，比如有篮球明星奥尼尔，说唱歌手Jay-Z等。美国证券交易委员提醒投资者：仅仅由于某个名人参与发起某个SPAC、投资了某个SPAC或认为这项投资很好，就跟风买入，从来都不是一个好想法。</p>\n<p>对于SPAC发起人的专业素养，港交所在此次咨询文件中也提出要求。</p>\n<p><b>港交所表示，由于SPAC都无经营往绩记录，不同SPAC的区别主要在于发起人的经验和声誉，投资者在决定投资SPAC时也主要以此为依据。如果SPAC发起人有经验，便有较大机会找到合适的并购标的，并协商较有利于投资者的并购交易条款。</b></p>\n<p>港交所建议规定，SPAC在上市时和直至SPAC并购交易完成之前，都须令港交所满意每名SPAC发起人的个性、经验及诚信以及信任其具备足够的才干胜任其职务。</p>\n<p>港交所旨在让一些由能力及经验高于平均标准的SPAC发起人所管理的SPAC上市。建议指引将指出，如能证明SPAC发起人具有以下经验之一，则对SPAC发起人较有利：</p>\n<p>1. 连续三个财政年度或以上管理平均合共价值至少80亿港元的资产；</p>\n<p>2. 于目前或曾经为恒生指数或同等旗舰指数成份股的发行人担任高级行政职务(例如行政总裁或营运总监)。</p>\n<p>另外，为了确保SPAC发起人质素高，并与其他SPAC投资者的利益更一致，港交所建议，SPAC在上市时及在其整个存续期中，都至少要有一名SPAC发起人持续持有：香港证监会发出的第6类(就机构融资提供意见)及/或第9类(提供资产管理)牌照，以及发起人股份的至少10%。</p>\n<p><b>对于发行定价，港交所建议，SPAC发行SPAC股份的发行价为10港元或以上。</b></p>\n<p>在募集资金规模方面，港交所建议，SPAC预期上市时从首次发售筹集到的资金至少为10亿港元，有助于确保SPAC有足够资金物色高质素且交易价值相对较高的并购标的。据了解，美国交易所并没有规定SPAC首次公开发售集资的最低规模。</p>\n<p><b>提高投资者门槛</b></p>\n<p><b>此前SPAC被部分市场人士诟病，在于概念被热炒，存在估值泡沫，散户埋单。</b></p>\n<p>一名香港券商人士曾告诉券商中国记者，根据其统计，在美股SPAC上市初期，散户占比极小，主要以机构投资者和专业投资者为主；但当SPAC公告拟重组对象时，部分SPAC公司的散户会激增。（详见《它是贾跃亭\"救命稻草\"？！FF通过SPAC上市，有啥魅力？1月IPO超2019年全年，上市热创新高》）</p>\n<p>一份针对韩国上市SPAC的市场研究报告指出，当地SPAC的股价波动是因为韩国市场以散户为主。研究指出，散户的投机活动往往将SPAC的股价推高至首次公开发售价格以上，削弱了SPAC向投资者提供股份赎回权的保障作用，因为SPAC单位只能以发售价(而不是散户投资者购买时的高价)赎回。该研究也指出，由于机构投资者会利用散户投机活动将自身的投资收益变现，投机活动会因此导致更大部分的SPAC单位落入散户手中。</p>\n<p><b>根据港交所咨询文件披露，大部分在美国上市的SPAC，在进行SPAC并购交易前的股价波动与债券类似，波幅小而股价只徘徊于首次公开发售价。</b></p>\n<p>尽管如此，个别SPAC也有受市场谣言影响，推动股价超出赎回价。2020年12月，类似消息传出后，一家SPAC的股价上涨至13美元以上，两周后在建议的SPAC并购目标确认该消息后，该家SPAC的股价进一步攀升至17.22美元的历史新高(较10美元的发行价高出72%)。随着合并传言平息，该家SPAC的股价跌至10.50美元的低位(较历来最高价低出39.6%)，直至2021年4月，市场传出另一宗合并传言时，股价重拾升势，单日升了12.7%。在SPAC股价高于10美元时购入股份的投资者，由于只能以10美元赎回股份，若行使股份赎回权便可能会承受重大损失。</p>\n<p>一般而言，在完成SPAC并购交易时，或在临近完成前的最后阶段期间，SPAC的回报波动最大。2020年完成收购的55家SPAC于合并公告发布起计一个月内的股价表现，相对于标普500指数而言，其超额回报的标准差(波幅)高达40%，而同年标普500指数的每月波幅只有9.6%。</p>\n<p>据了解，美国和英国均没有限定专业投资者才可认购和买卖SPAC证券，并容许所有投资者(包括散户)买卖这些证券。新交所亦不限新加坡的专业投资者认购和买卖SPAC证券。</p>\n<p><b>而在本次咨询文件中，港交所明确表示，在进行SPAC并购交易前，建议仅限专业投资者认购和买卖SPAC证券，即包括机构专业投资者和个人专业投资者。所有SPAC交易所参与者均须经港交所批准，才可于港交所交易系统输入SPAC证券的买卖盘或进行有关交易。</b></p>\n<p><b>并购标的须符合新上市规定</b></p>\n<p><b>此前有市场人士认为，SPAC是一场击鼓传花的“投资盲盒游戏”，主要因为由于SPAC的发起人有强烈意愿促成并购交易，在这种动机下，标的质量好坏不确定，标的企业经营状况实际上不一定能支撑得起高估值。</b></p>\n<p>另有券商人士曾向券商中国记者表示，对SPAC感兴趣的企业一般而言是，业绩规模不大，但有概念吸引投资者，令人怀疑是进行监管套利。（详见《太疯狂！SPAC方式上市飙增，国际投行暴赚，各界名流竞相参与！业内：击鼓传花何时结束？》）</p>\n<p>对于“继承公司”（即完成了并购交易后的上市主体）问题，港交所在咨询文件中明确提出，建议对SPAC并购交易採用新上市规定，即继承公司须符合所有新上市规定，包括最低市值规定及财务资格测试。</p>\n<p>港交所认为，这可解决SPAC可能会被利用来规避新上市的定量及定性准则的风险。容许这种规避行为可能会导致不符合标准的业务及/或资产上市。这会使香港市场整体的质素和声誉受损。</p>\n<p>目前，港交所《上市规则》规定反收购行动的目标须通过新上市的财务资格测试。另外，因反收购行动而产生的公司须符合所有新上市规定(财务资格测试除外)。这种做法可确保有关目标独自亦能通过财务资格测试，而不受加入进行交易的上市发行人的财务往绩纪录所产生的正面或负面影响。</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>港版\"投资盲盒\"游戏来了！并购标的看齐IPO！明星们还能玩转吗？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n港版\"投资盲盒\"游戏来了！并购标的看齐IPO！明星们还能玩转吗？\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/9\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">券商中国 </p>\n<p class=\"h-time\">2021-09-20 15:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>港交所计划推出监管更为严格的SPAC上市机制。</p>\n<p><b>近日，港交所发出咨询文件，对推行“特殊目的收购公司”（SPAC）上市机制征询市场意见。据了解，咨询期45天，10月31日为截止日。</b></p>\n<p>SPAC模式去年以来在华尔街盛行，但也备受争议。业内人士认为，SPAC是一场击鼓传花的“投资盲盒”游戏，反映出并购标的质量有可能不高、投资回报被夸大、投机氛围浓厚等问题。</p>\n<p>从咨询文件来看，港交所致力于维持高质素市场声誉，对SPAC上市申请人以及并购标的收紧监管，以确保SPAC发起人具备丰富的经验及良好的声誉，并且以优质SPAC并购为目标。</p>\n<p><b>旨在吸引大中华区、东南亚企业上市</b></p>\n<p>去年以来，美股SPAC上市热潮吸引全球资本市场的目光。据了解，SPAC模式通常而言，是发起人造壳上市并向市场投资者募集资金，计划在2年内寻找标的并完成收购，若规定时间内未完成并购，那么投资者能拿回本金及一定利息。对于标的企业而言，这是区别于传统IPO和借壳上市的另一种上市方式。</p>\n<p><b>数据显示，美股今年一季度SPAC的IPO无论是数量亦或募资总额均已超过去年全年，上市热度创下十年新高。</b></p>\n<p>多地交易所受此吸引，计划引入或修订SPAC上市机制以提升当地资本市场的吸引力。</p>\n<p>港交所在今年年初早有酝酿。9月17日港交所正式对SPAC上市机制征求市场意见。咨询文件提到，引入SPAC上市制度对香港市场有多项益处。</p>\n<p><b>一是争取SPAC来港上市。</b>港交所表示，截至2021年7月13日，有25家总部位于大中华区的SPAC在美国上市，首次公开发售所得款项共约42亿美元（331亿港元)，当中有20家的总部设于香港，5家总部设于中国内地。此外，也有数家总部不在这些地点的SPAC，却是以大中华区为业务重心。</p>\n<p>在港交所看来，以物色大中华目标为重心的SPAC若能来港上市，可能有助于确保这些目标公司选择在香港而非美国上市。</p>\n<p><b>二是争取大中华与东南亚公司来港上市。</b>数据显示，过去三年来，先后有2家中国香港、8家中国内地及2家新加坡公司通过SPAC并购交易在美国上市。截至2021年7月13日，这12家公司的市值合共约260亿港元。</p>\n<p>港交所与市场进行初步讨论时了解到，不少上市申请人实际上想以“双轨”方式上市，即一方面透过传统IPO上市，另一方面也计划通过SPAC上市。若香港市场也可提供这种“双轨”方案，或有助争取大中华公司来香港上市。</p>\n<p><img src=\"https://static.tigerbbs.com/6f2a687ce2b56c1f40130146887aae60\" tg-width=\"1080\" tg-height=\"661\" referrerpolicy=\"no-referrer\"></p>\n<p>港交所上市主管陈翊庭表示，“我们深信，香港引入SPAC上市制度可为市场提供传统首次公开招股以外的另一渠道，吸引更多来自大中华区、东南亚以至世界各地的公司来港上市。”</p>\n<p><b>强调SPAC发起人专业素养</b></p>\n<p>由于SPAC市场空前火爆，除了专业投资机构外，美国有体育明星、乐坛歌星也参与SPAC的发起，比如有篮球明星奥尼尔，说唱歌手Jay-Z等。美国证券交易委员提醒投资者：仅仅由于某个名人参与发起某个SPAC、投资了某个SPAC或认为这项投资很好，就跟风买入，从来都不是一个好想法。</p>\n<p>对于SPAC发起人的专业素养，港交所在此次咨询文件中也提出要求。</p>\n<p><b>港交所表示，由于SPAC都无经营往绩记录，不同SPAC的区别主要在于发起人的经验和声誉，投资者在决定投资SPAC时也主要以此为依据。如果SPAC发起人有经验，便有较大机会找到合适的并购标的，并协商较有利于投资者的并购交易条款。</b></p>\n<p>港交所建议规定，SPAC在上市时和直至SPAC并购交易完成之前，都须令港交所满意每名SPAC发起人的个性、经验及诚信以及信任其具备足够的才干胜任其职务。</p>\n<p>港交所旨在让一些由能力及经验高于平均标准的SPAC发起人所管理的SPAC上市。建议指引将指出，如能证明SPAC发起人具有以下经验之一，则对SPAC发起人较有利：</p>\n<p>1. 连续三个财政年度或以上管理平均合共价值至少80亿港元的资产；</p>\n<p>2. 于目前或曾经为恒生指数或同等旗舰指数成份股的发行人担任高级行政职务(例如行政总裁或营运总监)。</p>\n<p>另外，为了确保SPAC发起人质素高，并与其他SPAC投资者的利益更一致，港交所建议，SPAC在上市时及在其整个存续期中，都至少要有一名SPAC发起人持续持有：香港证监会发出的第6类(就机构融资提供意见)及/或第9类(提供资产管理)牌照，以及发起人股份的至少10%。</p>\n<p><b>对于发行定价，港交所建议，SPAC发行SPAC股份的发行价为10港元或以上。</b></p>\n<p>在募集资金规模方面，港交所建议，SPAC预期上市时从首次发售筹集到的资金至少为10亿港元，有助于确保SPAC有足够资金物色高质素且交易价值相对较高的并购标的。据了解，美国交易所并没有规定SPAC首次公开发售集资的最低规模。</p>\n<p><b>提高投资者门槛</b></p>\n<p><b>此前SPAC被部分市场人士诟病，在于概念被热炒，存在估值泡沫，散户埋单。</b></p>\n<p>一名香港券商人士曾告诉券商中国记者，根据其统计，在美股SPAC上市初期，散户占比极小，主要以机构投资者和专业投资者为主；但当SPAC公告拟重组对象时，部分SPAC公司的散户会激增。（详见《它是贾跃亭\"救命稻草\"？！FF通过SPAC上市，有啥魅力？1月IPO超2019年全年，上市热创新高》）</p>\n<p>一份针对韩国上市SPAC的市场研究报告指出，当地SPAC的股价波动是因为韩国市场以散户为主。研究指出，散户的投机活动往往将SPAC的股价推高至首次公开发售价格以上，削弱了SPAC向投资者提供股份赎回权的保障作用，因为SPAC单位只能以发售价(而不是散户投资者购买时的高价)赎回。该研究也指出，由于机构投资者会利用散户投机活动将自身的投资收益变现，投机活动会因此导致更大部分的SPAC单位落入散户手中。</p>\n<p><b>根据港交所咨询文件披露，大部分在美国上市的SPAC，在进行SPAC并购交易前的股价波动与债券类似，波幅小而股价只徘徊于首次公开发售价。</b></p>\n<p>尽管如此，个别SPAC也有受市场谣言影响，推动股价超出赎回价。2020年12月，类似消息传出后，一家SPAC的股价上涨至13美元以上，两周后在建议的SPAC并购目标确认该消息后，该家SPAC的股价进一步攀升至17.22美元的历史新高(较10美元的发行价高出72%)。随着合并传言平息，该家SPAC的股价跌至10.50美元的低位(较历来最高价低出39.6%)，直至2021年4月，市场传出另一宗合并传言时，股价重拾升势，单日升了12.7%。在SPAC股价高于10美元时购入股份的投资者，由于只能以10美元赎回股份，若行使股份赎回权便可能会承受重大损失。</p>\n<p>一般而言，在完成SPAC并购交易时，或在临近完成前的最后阶段期间，SPAC的回报波动最大。2020年完成收购的55家SPAC于合并公告发布起计一个月内的股价表现，相对于标普500指数而言，其超额回报的标准差(波幅)高达40%，而同年标普500指数的每月波幅只有9.6%。</p>\n<p>据了解，美国和英国均没有限定专业投资者才可认购和买卖SPAC证券，并容许所有投资者(包括散户)买卖这些证券。新交所亦不限新加坡的专业投资者认购和买卖SPAC证券。</p>\n<p><b>而在本次咨询文件中，港交所明确表示，在进行SPAC并购交易前，建议仅限专业投资者认购和买卖SPAC证券，即包括机构专业投资者和个人专业投资者。所有SPAC交易所参与者均须经港交所批准，才可于港交所交易系统输入SPAC证券的买卖盘或进行有关交易。</b></p>\n<p><b>并购标的须符合新上市规定</b></p>\n<p><b>此前有市场人士认为，SPAC是一场击鼓传花的“投资盲盒游戏”，主要因为由于SPAC的发起人有强烈意愿促成并购交易，在这种动机下，标的质量好坏不确定，标的企业经营状况实际上不一定能支撑得起高估值。</b></p>\n<p>另有券商人士曾向券商中国记者表示，对SPAC感兴趣的企业一般而言是，业绩规模不大，但有概念吸引投资者，令人怀疑是进行监管套利。（详见《太疯狂！SPAC方式上市飙增，国际投行暴赚，各界名流竞相参与！业内：击鼓传花何时结束？》）</p>\n<p>对于“继承公司”（即完成了并购交易后的上市主体）问题，港交所在咨询文件中明确提出，建议对SPAC并购交易採用新上市规定，即继承公司须符合所有新上市规定，包括最低市值规定及财务资格测试。</p>\n<p>港交所认为，这可解决SPAC可能会被利用来规避新上市的定量及定性准则的风险。容许这种规避行为可能会导致不符合标准的业务及/或资产上市。这会使香港市场整体的质素和声誉受损。</p>\n<p>目前，港交所《上市规则》规定反收购行动的目标须通过新上市的财务资格测试。另外，因反收购行动而产生的公司须符合所有新上市规定(财务资格测试除外)。这种做法可确保有关目标独自亦能通过财务资格测试，而不受加入进行交易的上市发行人的财务往绩纪录所产生的正面或负面影响。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f7c16a58f492e7b566d5e6182a80f721","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156524086","content_text":"港交所计划推出监管更为严格的SPAC上市机制。\n近日，港交所发出咨询文件，对推行“特殊目的收购公司”（SPAC）上市机制征询市场意见。据了解，咨询期45天，10月31日为截止日。\nSPAC模式去年以来在华尔街盛行，但也备受争议。业内人士认为，SPAC是一场击鼓传花的“投资盲盒”游戏，反映出并购标的质量有可能不高、投资回报被夸大、投机氛围浓厚等问题。\n从咨询文件来看，港交所致力于维持高质素市场声誉，对SPAC上市申请人以及并购标的收紧监管，以确保SPAC发起人具备丰富的经验及良好的声誉，并且以优质SPAC并购为目标。\n旨在吸引大中华区、东南亚企业上市\n去年以来，美股SPAC上市热潮吸引全球资本市场的目光。据了解，SPAC模式通常而言，是发起人造壳上市并向市场投资者募集资金，计划在2年内寻找标的并完成收购，若规定时间内未完成并购，那么投资者能拿回本金及一定利息。对于标的企业而言，这是区别于传统IPO和借壳上市的另一种上市方式。\n数据显示，美股今年一季度SPAC的IPO无论是数量亦或募资总额均已超过去年全年，上市热度创下十年新高。\n多地交易所受此吸引，计划引入或修订SPAC上市机制以提升当地资本市场的吸引力。\n港交所在今年年初早有酝酿。9月17日港交所正式对SPAC上市机制征求市场意见。咨询文件提到，引入SPAC上市制度对香港市场有多项益处。\n一是争取SPAC来港上市。港交所表示，截至2021年7月13日，有25家总部位于大中华区的SPAC在美国上市，首次公开发售所得款项共约42亿美元（331亿港元)，当中有20家的总部设于香港，5家总部设于中国内地。此外，也有数家总部不在这些地点的SPAC，却是以大中华区为业务重心。\n在港交所看来，以物色大中华目标为重心的SPAC若能来港上市，可能有助于确保这些目标公司选择在香港而非美国上市。\n二是争取大中华与东南亚公司来港上市。数据显示，过去三年来，先后有2家中国香港、8家中国内地及2家新加坡公司通过SPAC并购交易在美国上市。截至2021年7月13日，这12家公司的市值合共约260亿港元。\n港交所与市场进行初步讨论时了解到，不少上市申请人实际上想以“双轨”方式上市，即一方面透过传统IPO上市，另一方面也计划通过SPAC上市。若香港市场也可提供这种“双轨”方案，或有助争取大中华公司来香港上市。\n\n港交所上市主管陈翊庭表示，“我们深信，香港引入SPAC上市制度可为市场提供传统首次公开招股以外的另一渠道，吸引更多来自大中华区、东南亚以至世界各地的公司来港上市。”\n强调SPAC发起人专业素养\n由于SPAC市场空前火爆，除了专业投资机构外，美国有体育明星、乐坛歌星也参与SPAC的发起，比如有篮球明星奥尼尔，说唱歌手Jay-Z等。美国证券交易委员提醒投资者：仅仅由于某个名人参与发起某个SPAC、投资了某个SPAC或认为这项投资很好，就跟风买入，从来都不是一个好想法。\n对于SPAC发起人的专业素养，港交所在此次咨询文件中也提出要求。\n港交所表示，由于SPAC都无经营往绩记录，不同SPAC的区别主要在于发起人的经验和声誉，投资者在决定投资SPAC时也主要以此为依据。如果SPAC发起人有经验，便有较大机会找到合适的并购标的，并协商较有利于投资者的并购交易条款。\n港交所建议规定，SPAC在上市时和直至SPAC并购交易完成之前，都须令港交所满意每名SPAC发起人的个性、经验及诚信以及信任其具备足够的才干胜任其职务。\n港交所旨在让一些由能力及经验高于平均标准的SPAC发起人所管理的SPAC上市。建议指引将指出，如能证明SPAC发起人具有以下经验之一，则对SPAC发起人较有利：\n1. 连续三个财政年度或以上管理平均合共价值至少80亿港元的资产；\n2. 于目前或曾经为恒生指数或同等旗舰指数成份股的发行人担任高级行政职务(例如行政总裁或营运总监)。\n另外，为了确保SPAC发起人质素高，并与其他SPAC投资者的利益更一致，港交所建议，SPAC在上市时及在其整个存续期中，都至少要有一名SPAC发起人持续持有：香港证监会发出的第6类(就机构融资提供意见)及/或第9类(提供资产管理)牌照，以及发起人股份的至少10%。\n对于发行定价，港交所建议，SPAC发行SPAC股份的发行价为10港元或以上。\n在募集资金规模方面，港交所建议，SPAC预期上市时从首次发售筹集到的资金至少为10亿港元，有助于确保SPAC有足够资金物色高质素且交易价值相对较高的并购标的。据了解，美国交易所并没有规定SPAC首次公开发售集资的最低规模。\n提高投资者门槛\n此前SPAC被部分市场人士诟病，在于概念被热炒，存在估值泡沫，散户埋单。\n一名香港券商人士曾告诉券商中国记者，根据其统计，在美股SPAC上市初期，散户占比极小，主要以机构投资者和专业投资者为主；但当SPAC公告拟重组对象时，部分SPAC公司的散户会激增。（详见《它是贾跃亭\"救命稻草\"？！FF通过SPAC上市，有啥魅力？1月IPO超2019年全年，上市热创新高》）\n一份针对韩国上市SPAC的市场研究报告指出，当地SPAC的股价波动是因为韩国市场以散户为主。研究指出，散户的投机活动往往将SPAC的股价推高至首次公开发售价格以上，削弱了SPAC向投资者提供股份赎回权的保障作用，因为SPAC单位只能以发售价(而不是散户投资者购买时的高价)赎回。该研究也指出，由于机构投资者会利用散户投机活动将自身的投资收益变现，投机活动会因此导致更大部分的SPAC单位落入散户手中。\n根据港交所咨询文件披露，大部分在美国上市的SPAC，在进行SPAC并购交易前的股价波动与债券类似，波幅小而股价只徘徊于首次公开发售价。\n尽管如此，个别SPAC也有受市场谣言影响，推动股价超出赎回价。2020年12月，类似消息传出后，一家SPAC的股价上涨至13美元以上，两周后在建议的SPAC并购目标确认该消息后，该家SPAC的股价进一步攀升至17.22美元的历史新高(较10美元的发行价高出72%)。随着合并传言平息，该家SPAC的股价跌至10.50美元的低位(较历来最高价低出39.6%)，直至2021年4月，市场传出另一宗合并传言时，股价重拾升势，单日升了12.7%。在SPAC股价高于10美元时购入股份的投资者，由于只能以10美元赎回股份，若行使股份赎回权便可能会承受重大损失。\n一般而言，在完成SPAC并购交易时，或在临近完成前的最后阶段期间，SPAC的回报波动最大。2020年完成收购的55家SPAC于合并公告发布起计一个月内的股价表现，相对于标普500指数而言，其超额回报的标准差(波幅)高达40%，而同年标普500指数的每月波幅只有9.6%。\n据了解，美国和英国均没有限定专业投资者才可认购和买卖SPAC证券，并容许所有投资者(包括散户)买卖这些证券。新交所亦不限新加坡的专业投资者认购和买卖SPAC证券。\n而在本次咨询文件中，港交所明确表示，在进行SPAC并购交易前，建议仅限专业投资者认购和买卖SPAC证券，即包括机构专业投资者和个人专业投资者。所有SPAC交易所参与者均须经港交所批准，才可于港交所交易系统输入SPAC证券的买卖盘或进行有关交易。\n并购标的须符合新上市规定\n此前有市场人士认为，SPAC是一场击鼓传花的“投资盲盒游戏”，主要因为由于SPAC的发起人有强烈意愿促成并购交易，在这种动机下，标的质量好坏不确定，标的企业经营状况实际上不一定能支撑得起高估值。\n另有券商人士曾向券商中国记者表示，对SPAC感兴趣的企业一般而言是，业绩规模不大，但有概念吸引投资者，令人怀疑是进行监管套利。（详见《太疯狂！SPAC方式上市飙增，国际投行暴赚，各界名流竞相参与！业内：击鼓传花何时结束？》）\n对于“继承公司”（即完成了并购交易后的上市主体）问题，港交所在咨询文件中明确提出，建议对SPAC并购交易採用新上市规定，即继承公司须符合所有新上市规定，包括最低市值规定及财务资格测试。\n港交所认为，这可解决SPAC可能会被利用来规避新上市的定量及定性准则的风险。容许这种规避行为可能会导致不符合标准的业务及/或资产上市。这会使香港市场整体的质素和声誉受损。\n目前，港交所《上市规则》规定反收购行动的目标须通过新上市的财务资格测试。另外，因反收购行动而产生的公司须符合所有新上市规定(财务资格测试除外)。这种做法可确保有关目标独自亦能通过财务资格测试，而不受加入进行交易的上市发行人的财务往绩纪录所产生的正面或负面影响。","news_type":1},"isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860920634,"gmtCreate":1632124296928,"gmtModify":1676530705469,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hhhhhhhhh","listText":"Hhhhhhhhh","text":"Hhhhhhhhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860920634","repostId":"1126176538","repostType":4,"repost":{"id":"1126176538","pubTimestamp":1632123201,"share":"https://www.laohu8.com/m/news/1126176538?lang=&edition=full","pubTime":"2021-09-20 15:33","market":"us","language":"zh","title":"美股恐进一步回落！“财政版”减码真正让美国经济痛苦","url":"https://stock-news.laohu8.com/highlight/detail?id=1126176538","media":"汇通网","summary":"9月19日，市场分析师Rich Miller撰文称，美联储“减码年”即将到来，但真正让经济痛楚的却会是财政支持的收缩。美联储尚未公布的减码计划一直是美国金融市场热议话题，这掩盖了一件重要的事情：联邦政","content":"<p>9月19日，市场分析师Rich&nbsp;Miller撰文称，美联储“减码年”即将到来，但真正让经济痛楚的却会是财政支持的收缩。美联储尚未公布的减码计划一直是美国金融市场热议话题，这掩盖了一件重要的事情：联邦政府已经在削减预算支持，而这对明年经济增长的影响恐怕会大得多。</p>\n<p><img src=\"https://static.tigerbbs.com/584572a2c309b1fb840f8edea36aeea2\" tg-width=\"640\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>财政支持的收缩打击美国经济</p>\n<p>美国经济增速势将在2022年下半年大幅放缓，因为政府在疫情期间实施的经济支持措施--从发放给家庭现金支票，到提供给小公司无成本融资，正在渐渐撤出。</p>\n<p>即使美国总统拜登设法赢得了国会对3.5万亿美元经济重建计划的批准，情况也不会得到改变。因为这是一项长期支出计划，对2022年影响是有限的。另外，该计划至少部分资金来源是加税，会拖累而非推动美国的经济增长。</p>\n<p>美国政府花费创纪录的资金支撑疫情期间的美国经济，撤销的话将导致巨大的财政悬崖。图中蓝色柱代表财政政策对美国GDP的贡献，而红色柱代表预测2022年将对经济造成拖累</p>\n<p><img src=\"https://static.tigerbbs.com/84c3a2042aa56ba3b9e392928449bd93\" tg-width=\"526\" tg-height=\"314\" referrerpolicy=\"no-referrer\"></p>\n<p>“美国经济不见增长”</p>\n<p>布鲁金斯学会(Brookings&nbsp;Institution)汉密尔顿项目主任Wendy&nbsp;Edelberg称，预计2022年末和进入2023年，美国的经济增长率会非常低。即便有些季度经济基本上不见增长，她也不会惊讶。</p>\n<p>预测美国经济急剧放缓的不只有她一个。<b><a href=\"https://laohu8.com/S/GS\">高盛</a>首席经济学家Jan&nbsp;Hatzius预测，到2022年年底美国经济将以1.5%的速度增长，低于2021年5.7%的增速。</b></p>\n<p>经济减速对将美股推上纪录高位的投资者而言可谓噩耗。</p>\n<p>美国经济减速也可能给拜登和国会民主党议员带来麻烦，特别是同时失业率还上升的话，因为他们寻求在2022年11月中期选举中保住微弱多数席位。不过，多数经济学家预计美国的失业率不会上升。</p>\n<p>经济减速有一个潜在好处：降低通胀。今年以来受供应链瓶颈和消费需求回暖影响，价格水平大幅上升。Edelberg称：“我们需要降降温，因为美国的快速反弹到明年年中将把劳动力市场和经济推向极限。”</p>\n<p>财政政策逆风</p>\n<p>美联储主席鲍威尔曾表示，美联储可能今年开始收缩购债规模。整个购债计划可能到2022年某个时候才会结束，在此之前美联储将继续支持经济和金融市场。</p>\n<p>财政政策不然，它已经开始对美国经济构成拖累。<b>据布鲁金斯学会Hutchins中心估算，联邦、州和地方政府税收支出政策的经济影响已经在第二季度变为负值，这种情况将持续到2023年。</b></p>\n<p>如下图所示，接下来的财政减码程度将是美国历史上最大的</p>\n<p><img src=\"https://static.tigerbbs.com/3044289cfd275999b160e8323f67340f\" tg-width=\"500\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p>\n<p><a href=\"https://laohu8.com/S/MCO\">穆迪</a>首席经济学家Mark&nbsp;Zandi表示：“财政政策已经开始从顺风变成逆风，到明年春这股逆风会变得非常严重。如果没有任何额外的财政支持，2022年选举日前经济会感觉有些脆弱。”</p>\n<p><b>投资者开始担心经济即将放缓。<a href=\"https://laohu8.com/S/BAC\">美国银行</a>最新的全球基金经理调查显示，他们对美国经济前景看法的乐观程度明显下降。</b></p>\n<p>汇通网提醒，&nbsp;市场预期美联储本周将释放削减购债的信号，11月或者12月采取行动，但综合以上信息可以看到，美国政府缩减财政支持将真正打击美国的经济，特别是在疫情持续的情况下，这可能打击创纪录的美股，未来面临大幅回调的风险，投资者需保持警惕。</p>\n<p><img src=\"https://static.tigerbbs.com/52aadd728673a22a44349727b9b3cca2\" tg-width=\"1250\" tg-height=\"594\" referrerpolicy=\"no-referrer\"></p>\n<p>(标普500指数日线图）</p>","source":"HTW","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>美股恐进一步回落！“财政版”减码真正让美国经济痛苦</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美股恐进一步回落！“财政版”减码真正让美国经济痛苦\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-20 15:33 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.fx678.com/C/20210920/202109201343162079.html><strong>汇通网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>9月19日，市场分析师Rich Miller撰文称，美联储“减码年”即将到来，但真正让经济痛楚的却会是财政支持的收缩。美联储尚未公布的减码计划一直是美国金融市场热议话题，这掩盖了一件重要的事情：联邦政府已经在削减预算支持，而这对明年经济增长的影响恐怕会大得多。\n\n财政支持的收缩打击美国经济\n美国经济增速势将在2022年下半年大幅放缓，因为政府在疫情期间实施的经济支持措施--从发放给家庭现金支票，到...</p>\n\n<a href=\"https://www.fx678.com/C/20210920/202109201343162079.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.fx678.com/C/20210920/202109201343162079.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126176538","content_text":"9月19日，市场分析师Rich Miller撰文称，美联储“减码年”即将到来，但真正让经济痛楚的却会是财政支持的收缩。美联储尚未公布的减码计划一直是美国金融市场热议话题，这掩盖了一件重要的事情：联邦政府已经在削减预算支持，而这对明年经济增长的影响恐怕会大得多。\n\n财政支持的收缩打击美国经济\n美国经济增速势将在2022年下半年大幅放缓，因为政府在疫情期间实施的经济支持措施--从发放给家庭现金支票，到提供给小公司无成本融资，正在渐渐撤出。\n即使美国总统拜登设法赢得了国会对3.5万亿美元经济重建计划的批准，情况也不会得到改变。因为这是一项长期支出计划，对2022年影响是有限的。另外，该计划至少部分资金来源是加税，会拖累而非推动美国的经济增长。\n美国政府花费创纪录的资金支撑疫情期间的美国经济，撤销的话将导致巨大的财政悬崖。图中蓝色柱代表财政政策对美国GDP的贡献，而红色柱代表预测2022年将对经济造成拖累\n\n“美国经济不见增长”\n布鲁金斯学会(Brookings Institution)汉密尔顿项目主任Wendy Edelberg称，预计2022年末和进入2023年，美国的经济增长率会非常低。即便有些季度经济基本上不见增长，她也不会惊讶。\n预测美国经济急剧放缓的不只有她一个。高盛首席经济学家Jan Hatzius预测，到2022年年底美国经济将以1.5%的速度增长，低于2021年5.7%的增速。\n经济减速对将美股推上纪录高位的投资者而言可谓噩耗。\n美国经济减速也可能给拜登和国会民主党议员带来麻烦，特别是同时失业率还上升的话，因为他们寻求在2022年11月中期选举中保住微弱多数席位。不过，多数经济学家预计美国的失业率不会上升。\n经济减速有一个潜在好处：降低通胀。今年以来受供应链瓶颈和消费需求回暖影响，价格水平大幅上升。Edelberg称：“我们需要降降温，因为美国的快速反弹到明年年中将把劳动力市场和经济推向极限。”\n财政政策逆风\n美联储主席鲍威尔曾表示，美联储可能今年开始收缩购债规模。整个购债计划可能到2022年某个时候才会结束，在此之前美联储将继续支持经济和金融市场。\n财政政策不然，它已经开始对美国经济构成拖累。据布鲁金斯学会Hutchins中心估算，联邦、州和地方政府税收支出政策的经济影响已经在第二季度变为负值，这种情况将持续到2023年。\n如下图所示，接下来的财政减码程度将是美国历史上最大的\n\n穆迪首席经济学家Mark Zandi表示：“财政政策已经开始从顺风变成逆风，到明年春这股逆风会变得非常严重。如果没有任何额外的财政支持，2022年选举日前经济会感觉有些脆弱。”\n投资者开始担心经济即将放缓。美国银行最新的全球基金经理调查显示，他们对美国经济前景看法的乐观程度明显下降。\n汇通网提醒， 市场预期美联储本周将释放削减购债的信号，11月或者12月采取行动，但综合以上信息可以看到，美国政府缩减财政支持将真正打击美国的经济，特别是在疫情持续的情况下，这可能打击创纪录的美股，未来面临大幅回调的风险，投资者需保持警惕。\n\n(标普500指数日线图）","news_type":1},"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860920153,"gmtCreate":1632124274772,"gmtModify":1676530705469,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860920153","repostId":"1100031374","repostType":4,"isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886370186,"gmtCreate":1631571411845,"gmtModify":1676530575688,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886370186","repostId":"1146713993","repostType":4,"repost":{"id":"1146713993","pubTimestamp":1631546225,"share":"https://www.laohu8.com/m/news/1146713993?lang=&edition=full","pubTime":"2021-09-13 23:17","market":"us","language":"en","title":"3M Doubles Its Estimated Drop in Car Output on Chip Shortage","url":"https://stock-news.laohu8.com/highlight/detail?id=1146713993","media":"Bloomberg","summary":"Semiconductor supplies to roil auto industry into 2022: CFO\nInflation to ding profits at Post-it not","content":"<ul>\n <li>Semiconductor supplies to roil auto industry into 2022: CFO</li>\n <li>Inflation to ding profits at Post-it note, touchscreen maker</li>\n</ul>\n<p>3M Co.&nbsp;expects the semiconductor shortage that has idled auto factories worldwide will last into 2022 and the company has doubled its previous estimate for the decline in new-vehicle production in this year’s second half.</p>\n<p>The year-over-year drop will be 6%, up from 3%, Chief Financial Officer Monish Patolawala said Monday at a Morgan Stanley conference.</p>\n<p>“Until you see the availability of chips go up and a steady supply of all of those chips, you’re going to have auto OEMs have to go through ups and downs to keep their factories running,” he said.</p>\n<p>Automakers including&nbsp;Toyota Motor Corp.,General Motors Co.&nbsp;and&nbsp;Volkswagen AG&nbsp;have been forced to curtail production due to the chip shortfall. Toyota last week&nbsp;trimmed&nbsp;its annual production forecast due to the constraint and the spread of coronavirus cases in southeast Asia. GM has said it expects the situation to&nbsp;worsen&nbsp;this year before improving in 2022, while VW’s chief executive has&nbsp;warned&nbsp;the shortages could last for years.</p>\n<p>Patolawala said the chip issue is one of several supply-chain issues that, along with higher inflation, is likely to negatively affect the St. Paul, Minnesota-based manufacturer’s earnings per share this year. He said that will impact the company on the “high end” of the 65 cents per share to 80 cents per share range. In July, 3M&nbsp;forecast&nbsp;earnings per share of $9.70 to $10.10 for the full year.</p>\n<p>3M shares rose 1.8% to $187.82 as of 10:58 a.m. in New York.</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>3M Doubles Its Estimated Drop in Car Output on Chip Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3M Doubles Its Estimated Drop in Car Output on Chip Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 23:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-13/3m-doubles-its-estimate-for-drop-in-car-output-on-chip-shortage?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Semiconductor supplies to roil auto industry into 2022: CFO\nInflation to ding profits at Post-it note, touchscreen maker\n\n3M Co. expects the semiconductor shortage that has idled auto factories ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-13/3m-doubles-its-estimate-for-drop-in-car-output-on-chip-shortage?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MMM":"3M"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-13/3m-doubles-its-estimate-for-drop-in-car-output-on-chip-shortage?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146713993","content_text":"Semiconductor supplies to roil auto industry into 2022: CFO\nInflation to ding profits at Post-it note, touchscreen maker\n\n3M Co. expects the semiconductor shortage that has idled auto factories worldwide will last into 2022 and the company has doubled its previous estimate for the decline in new-vehicle production in this year’s second half.\nThe year-over-year drop will be 6%, up from 3%, Chief Financial Officer Monish Patolawala said Monday at a Morgan Stanley conference.\n“Until you see the availability of chips go up and a steady supply of all of those chips, you’re going to have auto OEMs have to go through ups and downs to keep their factories running,” he said.\nAutomakers including Toyota Motor Corp.,General Motors Co. and Volkswagen AG have been forced to curtail production due to the chip shortfall. Toyota last week trimmed its annual production forecast due to the constraint and the spread of coronavirus cases in southeast Asia. GM has said it expects the situation to worsen this year before improving in 2022, while VW’s chief executive has warned the shortages could last for years.\nPatolawala said the chip issue is one of several supply-chain issues that, along with higher inflation, is likely to negatively affect the St. Paul, Minnesota-based manufacturer’s earnings per share this year. He said that will impact the company on the “high end” of the 65 cents per share to 80 cents per share range. In July, 3M forecast earnings per share of $9.70 to $10.10 for the full year.\n3M shares rose 1.8% to $187.82 as of 10:58 a.m. in New York.","news_type":1},"isVote":1,"tweetType":1,"viewCount":293,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817093796,"gmtCreate":1630889100815,"gmtModify":1676530411819,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hhhhhh","listText":"Hhhhhh","text":"Hhhhhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817093796","isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814526350,"gmtCreate":1630848068670,"gmtModify":1676530405250,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"hello","htmlText":"Hhhhhhhhhhhhhbhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh","listText":"Hhhhhhhhhhhhhbhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh","text":"Hhhhhhhhhhhhhbhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/814526350","isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814528520,"gmtCreate":1630848022860,"gmtModify":1676530405241,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hello there nice to be here&nbsp;","listText":"Hello there nice to be here&nbsp;","text":"Hello there nice to be here","images":[{"img":"https://static.tigerbbs.com/078451b13df93a88e29ee23e6e2c3ca4","width":"486","height":"1080"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/814528520","isVote":1,"tweetType":1,"viewCount":232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":812291797,"gmtCreate":1630589150119,"gmtModify":1676530348517,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hhhhhhhhhhhh","listText":"Hhhhhhhhhhhh","text":"Hhhhhhhhhhhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812291797","isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898629601,"gmtCreate":1628494681503,"gmtModify":1703507025180,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898629601","repostId":"1100440711","repostType":4,"repost":{"id":"1100440711","pubTimestamp":1628489396,"share":"https://www.laohu8.com/m/news/1100440711?lang=&edition=full","pubTime":"2021-08-09 14:09","market":"hk","language":"en","title":"Former Hong Kong IPO Vetting Chief Pleads Not Guilty as Trial Begins","url":"https://stock-news.laohu8.com/highlight/detail?id=1100440711","media":"Bloomberg","summary":"A former Hong Kong Exchanges and Clearing Ltd. executive in charge of vetting initial public offerin","content":"<p>A former Hong Kong Exchanges and Clearing Ltd. executive in charge of vetting initial public offerings pleaded not guilty in the Hong Kong District Court on Monday to allegations of bribery.</p>\n<p>Eugene Yeoh Kim-loong was accused of taking HK$9.15 million ($1.18 million) from IPO consultant Richard Lum Chor-wah between 2017 and 2019, in order to give companies an easier path to being approved to list on the bourse. The city’s anti-graft body, the Independent Commission Against Corruption, first took the pair to court in March 2020. They had been on bail since, until today’s court appearance.</p>\n<p>Yeoh and Lum pleaded not guilty to all charges and will remain on bail.</p>\n<p>Starting in 2015, Hong Kong Jockey Club member Lum recommended Yeoh’s later successful application to join the club, according to the prosecution.</p>\n<p>From 2017, Lum also provided Yeoh with HK$9.15 million. They, as well as Yeoh’s wife, would meet at Exchange Square podium -- just steps away from the bourse’s office -- and at a restaurant in a local shopping mall, Elements, where Lum gave “paper bags with content” to Yeoh, according to the prosecutor.</p>\n<p>Yeoh and his wife used the money to purchase investment funds and pay off credit card loans, the prosecutor said. The couple discussed investments in email and WeChat messages.</p>\n<p>The duo partnered in 12 IPOs between 2015 and 2019, the prosecution outlined on Monday:</p>\n<ul>\n <li>LC Group -- renamed asHopeLife International Holdings</li>\n <li>Classified Group Holdings Ltd.</li>\n <li>CBK Holdings Ltd.</li>\n <li>F8 Enterprises Holdings Group Ltd.</li>\n <li>Cool Link Holdings Ltd.</li>\n <li>RMH Holdings Ltd.</li>\n <li>Indigo Star Holdings Ltd.</li>\n <li>Shen You Holdings Ltd.</li>\n <li>Simplicity Holding Ltd.</li>\n <li>MS Concept Ltd.</li>\n <li>Anchorstone Holdings Ltd.</li>\n <li>WMCH Global Investment Ltd.</li>\n</ul>\n<p>Yeoh was also allotted shares in four of the companies, LC Group, CBK, Cool Link and Anchorstone, earning about HK$1 million when selling the shares, according to the prosecution.</p>\n<p>Yeoh didn’t report his relationship with Lum to the exchange and failed to abstain from those IPOs, Human Lam Hiu-man, senior public prosecutor, told the court Monday. He backed the applications and endorsed approvals to the exchange’s internal listing department as well as the listing committee, an external group of professionals that decide on approvals, she said.</p>\n<p>Court proceedings will resume on Monday next week.</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>Former Hong Kong IPO Vetting Chief Pleads Not Guilty as Trial Begins</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\">\nFormer Hong Kong IPO Vetting Chief Pleads Not Guilty as Trial Begins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 14:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-09/former-h-k-ipo-vetting-chief-pleads-not-guilty-as-trial-begins><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A former Hong Kong Exchanges and Clearing Ltd. executive in charge of vetting initial public offerings pleaded not guilty in the Hong Kong District Court on Monday to allegations of bribery.\nEugene ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-09/former-h-k-ipo-vetting-chief-pleads-not-guilty-as-trial-begins\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","00388":"香港交易所"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-09/former-h-k-ipo-vetting-chief-pleads-not-guilty-as-trial-begins","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100440711","content_text":"A former Hong Kong Exchanges and Clearing Ltd. executive in charge of vetting initial public offerings pleaded not guilty in the Hong Kong District Court on Monday to allegations of bribery.\nEugene Yeoh Kim-loong was accused of taking HK$9.15 million ($1.18 million) from IPO consultant Richard Lum Chor-wah between 2017 and 2019, in order to give companies an easier path to being approved to list on the bourse. The city’s anti-graft body, the Independent Commission Against Corruption, first took the pair to court in March 2020. They had been on bail since, until today’s court appearance.\nYeoh and Lum pleaded not guilty to all charges and will remain on bail.\nStarting in 2015, Hong Kong Jockey Club member Lum recommended Yeoh’s later successful application to join the club, according to the prosecution.\nFrom 2017, Lum also provided Yeoh with HK$9.15 million. They, as well as Yeoh’s wife, would meet at Exchange Square podium -- just steps away from the bourse’s office -- and at a restaurant in a local shopping mall, Elements, where Lum gave “paper bags with content” to Yeoh, according to the prosecutor.\nYeoh and his wife used the money to purchase investment funds and pay off credit card loans, the prosecutor said. The couple discussed investments in email and WeChat messages.\nThe duo partnered in 12 IPOs between 2015 and 2019, the prosecution outlined on Monday:\n\nLC Group -- renamed asHopeLife International Holdings\nClassified Group Holdings Ltd.\nCBK Holdings Ltd.\nF8 Enterprises Holdings Group Ltd.\nCool Link Holdings Ltd.\nRMH Holdings Ltd.\nIndigo Star Holdings Ltd.\nShen You Holdings Ltd.\nSimplicity Holding Ltd.\nMS Concept Ltd.\nAnchorstone Holdings Ltd.\nWMCH Global Investment Ltd.\n\nYeoh was also allotted shares in four of the companies, LC Group, CBK, Cool Link and Anchorstone, earning about HK$1 million when selling the shares, according to the prosecution.\nYeoh didn’t report his relationship with Lum to the exchange and failed to abstain from those IPOs, Human Lam Hiu-man, senior public prosecutor, told the court Monday. He backed the applications and endorsed approvals to the exchange’s internal listing department as well as the listing committee, an external group of professionals that decide on approvals, she said.\nCourt proceedings will resume on Monday next week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898629063,"gmtCreate":1628494657352,"gmtModify":1703507024210,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/898629063","repostId":"1184000657","repostType":4,"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890500486,"gmtCreate":1628122318745,"gmtModify":1703501520914,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890500486","repostId":"2157483930","repostType":4,"repost":{"id":"2157483930","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":1628118320,"share":"https://www.laohu8.com/m/news/2157483930?lang=&edition=full","pubTime":"2021-08-05 07:05","market":"us","language":"en","title":"Wall Street closes mixed, S&P 500 ends off record high","url":"https://stock-news.laohu8.com/highlight/detail?id=2157483930","media":"Reuters","summary":"GM slides despite posting quarterly profit\n\n\nPrivate payrolls growth slows as labor shortages linger","content":"<ul>\n <li>GM slides despite posting quarterly profit</li>\n</ul>\n<ul>\n <li>Private payrolls growth slows as labor shortages linger</li>\n</ul>\n<ul>\n <li>Netflix, <a href=\"https://laohu8.com/S/FB\">Facebook</a> outperform</li>\n</ul>\n<ul>\n <li>Indexes: Dow off 0.92%, S&amp;P down 0.46%, Nasdaq up 0.13%</li>\n</ul>\n<p>Aug 4 (Reuters) - U.S. stocks closed mostly lower on Wednesday, with the S&amp;P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and <a href=\"https://laohu8.com/S/GM\">General Motors</a> tracked its worst day since early March.</p>\n<p>GM's shares slumped 8.9%, underscoring the uncertainty facing global automakers at a time of technological and economic disruption. Shares of rival <a href=\"https://laohu8.com/S/F\">Ford</a> fell 5.0%.</p>\n<p>Nine of the 11 S&amp;P indexes were lower, with industrials&nbsp;and energy&nbsp;both slipping, as data showed U.S. private payrolls increased far less than expected in July, likely constrained by shortages of workers and raw materials.</p>\n<p>The blue-chip Dow, heavily weighted toward economically-sensitive stocks, also declined.</p>\n<p>The technology-heavy Nasdaq&nbsp;bucked the trend after another report showed a measure of U.S. services industry activity jumped to a record high last month, suggesting a broader economic rebound was still on track.</p>\n<p>\"The ADP employment report this morning (is a) big miss ... has people really locked in on tomorrow's initial claims and then Friday's non-farm payrolls report,\" said Ross Mayfield, investment strategist at Baird in Louisville, Kentucky. \"To me that’s a big driver (of the market today).\"</p>\n<p>\"Broadly, the continued evolution of COVID-19, the Delta variant over the recent weeks and months kind of re-rating of the growth outlook\" has the market coming to terms with what it means for the reflation trade, and what it means to the bond market, Mayfield said.</p>\n<p>After six straight month of gains, the benchmark S&amp;P 500&nbsp;has struggled to rise in August over concerns about the pace of growth as the economy rebounded from the depths of the COVID-19-driven recession, and fears of higher inflation overshadowed a stellar corporate earnings season.</p>\n<p>Federal Reserve Vice Chair Richard Clarida said on Wednesday the central bank should be in the position to begin raising interest rates in 2023.</p>\n<p>Still, tech and tech-adjacent stocks such as <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> and <a href=\"https://laohu8.com/S/FB\">Facebook</a>, which tend to perform better when interest rates are lower, outperformed the broader market.</p>\n<p>Focus now turns to the Labor Department's monthly jobs report on Friday.</p>\n<p>The Dow Jones Industrial Average fell 323.73 points, or 0.92%, to 34,792.67, the S&amp;P 500&nbsp;lost 20.49 points, or 0.46%, to 4,402.66 and the Nasdaq Composite added 19.24 points, or 0.13%, to 14,780.53.</p>\n<p>In earnings-related moves, BorgWarner Inc fell even as it beat profit expectations on strong consumer demand for new vehicles, while Kraft Heinz Co tumbled after warning of margin pressure from higher prices of ingredients.</p>\n<p><a href=\"https://laohu8.com/S/HOOD\">Robinhood Markets, Inc.</a> jumped 50.4% as interest from star fund manager Cathie Wood and small-time traders set up the stock for a fourth session of gains after its underwhelming market debut last week.</p>\n<p>Volume on U.S. exchanges was 9.78 billion shares, compared with the 9.71 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 2.02-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored decliners.</p>\n<p>The <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> posted 67 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 93 new highs and 107 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 Street closes mixed, S&P 500 ends off record high</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street closes mixed, S&P 500 ends off record high\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\">2021-08-05 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>GM slides despite posting quarterly profit</li>\n</ul>\n<ul>\n <li>Private payrolls growth slows as labor shortages linger</li>\n</ul>\n<ul>\n <li>Netflix, <a href=\"https://laohu8.com/S/FB\">Facebook</a> outperform</li>\n</ul>\n<ul>\n <li>Indexes: Dow off 0.92%, S&amp;P down 0.46%, Nasdaq up 0.13%</li>\n</ul>\n<p>Aug 4 (Reuters) - U.S. stocks closed mostly lower on Wednesday, with the S&amp;P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and <a href=\"https://laohu8.com/S/GM\">General Motors</a> tracked its worst day since early March.</p>\n<p>GM's shares slumped 8.9%, underscoring the uncertainty facing global automakers at a time of technological and economic disruption. Shares of rival <a href=\"https://laohu8.com/S/F\">Ford</a> fell 5.0%.</p>\n<p>Nine of the 11 S&amp;P indexes were lower, with industrials&nbsp;and energy&nbsp;both slipping, as data showed U.S. private payrolls increased far less than expected in July, likely constrained by shortages of workers and raw materials.</p>\n<p>The blue-chip Dow, heavily weighted toward economically-sensitive stocks, also declined.</p>\n<p>The technology-heavy Nasdaq&nbsp;bucked the trend after another report showed a measure of U.S. services industry activity jumped to a record high last month, suggesting a broader economic rebound was still on track.</p>\n<p>\"The ADP employment report this morning (is a) big miss ... has people really locked in on tomorrow's initial claims and then Friday's non-farm payrolls report,\" said Ross Mayfield, investment strategist at Baird in Louisville, Kentucky. \"To me that’s a big driver (of the market today).\"</p>\n<p>\"Broadly, the continued evolution of COVID-19, the Delta variant over the recent weeks and months kind of re-rating of the growth outlook\" has the market coming to terms with what it means for the reflation trade, and what it means to the bond market, Mayfield said.</p>\n<p>After six straight month of gains, the benchmark S&amp;P 500&nbsp;has struggled to rise in August over concerns about the pace of growth as the economy rebounded from the depths of the COVID-19-driven recession, and fears of higher inflation overshadowed a stellar corporate earnings season.</p>\n<p>Federal Reserve Vice Chair Richard Clarida said on Wednesday the central bank should be in the position to begin raising interest rates in 2023.</p>\n<p>Still, tech and tech-adjacent stocks such as <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> and <a href=\"https://laohu8.com/S/FB\">Facebook</a>, which tend to perform better when interest rates are lower, outperformed the broader market.</p>\n<p>Focus now turns to the Labor Department's monthly jobs report on Friday.</p>\n<p>The Dow Jones Industrial Average fell 323.73 points, or 0.92%, to 34,792.67, the S&amp;P 500&nbsp;lost 20.49 points, or 0.46%, to 4,402.66 and the Nasdaq Composite added 19.24 points, or 0.13%, to 14,780.53.</p>\n<p>In earnings-related moves, BorgWarner Inc fell even as it beat profit expectations on strong consumer demand for new vehicles, while Kraft Heinz Co tumbled after warning of margin pressure from higher prices of ingredients.</p>\n<p><a href=\"https://laohu8.com/S/HOOD\">Robinhood Markets, Inc.</a> jumped 50.4% as interest from star fund manager Cathie Wood and small-time traders set up the stock for a fourth session of gains after its underwhelming market debut last week.</p>\n<p>Volume on U.S. exchanges was 9.78 billion shares, compared with the 9.71 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 2.02-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored decliners.</p>\n<p>The <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> posted 67 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 93 new highs and 107 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KHC":"卡夫亨氏","BWA":"博格华纳","NFLX":"奈飞","F":"福特汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157483930","content_text":"GM slides despite posting quarterly profit\n\n\nPrivate payrolls growth slows as labor shortages linger\n\n\nNetflix, Facebook outperform\n\n\nIndexes: Dow off 0.92%, S&P down 0.46%, Nasdaq up 0.13%\n\nAug 4 (Reuters) - U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.\nGM's shares slumped 8.9%, underscoring the uncertainty facing global automakers at a time of technological and economic disruption. Shares of rival Ford fell 5.0%.\nNine of the 11 S&P indexes were lower, with industrials and energy both slipping, as data showed U.S. private payrolls increased far less than expected in July, likely constrained by shortages of workers and raw materials.\nThe blue-chip Dow, heavily weighted toward economically-sensitive stocks, also declined.\nThe technology-heavy Nasdaq bucked the trend after another report showed a measure of U.S. services industry activity jumped to a record high last month, suggesting a broader economic rebound was still on track.\n\"The ADP employment report this morning (is a) big miss ... has people really locked in on tomorrow's initial claims and then Friday's non-farm payrolls report,\" said Ross Mayfield, investment strategist at Baird in Louisville, Kentucky. \"To me that’s a big driver (of the market today).\"\n\"Broadly, the continued evolution of COVID-19, the Delta variant over the recent weeks and months kind of re-rating of the growth outlook\" has the market coming to terms with what it means for the reflation trade, and what it means to the bond market, Mayfield said.\nAfter six straight month of gains, the benchmark S&P 500 has struggled to rise in August over concerns about the pace of growth as the economy rebounded from the depths of the COVID-19-driven recession, and fears of higher inflation overshadowed a stellar corporate earnings season.\nFederal Reserve Vice Chair Richard Clarida said on Wednesday the central bank should be in the position to begin raising interest rates in 2023.\nStill, tech and tech-adjacent stocks such as Netflix and Facebook, which tend to perform better when interest rates are lower, outperformed the broader market.\nFocus now turns to the Labor Department's monthly jobs report on Friday.\nThe Dow Jones Industrial Average fell 323.73 points, or 0.92%, to 34,792.67, the S&P 500 lost 20.49 points, or 0.46%, to 4,402.66 and the Nasdaq Composite added 19.24 points, or 0.13%, to 14,780.53.\nIn earnings-related moves, BorgWarner Inc fell even as it beat profit expectations on strong consumer demand for new vehicles, while Kraft Heinz Co tumbled after warning of margin pressure from higher prices of ingredients.\nRobinhood Markets, Inc. jumped 50.4% as interest from star fund manager Cathie Wood and small-time traders set up the stock for a fourth session of gains after its underwhelming market debut last week.\nVolume on U.S. exchanges was 9.78 billion shares, compared with the 9.71 billion average for the full session over the last 20 trading days.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.02-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored decliners.\nThe S&P 500 posted 67 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 93 new highs and 107 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890277885,"gmtCreate":1628122275047,"gmtModify":1703501519207,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/890277885","repostId":"1116621163","repostType":4,"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890037303,"gmtCreate":1628065653502,"gmtModify":1703500561988,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890037303","repostId":"146135203","repostType":1,"repost":{"id":146135203,"gmtCreate":1626057999999,"gmtModify":1703752520422,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"【老虎財報季】寫財報分析，贏取老虎限量商務套裝","htmlText":"參與《老虎財報季》贏取老虎限量商務套裝，免傭卡，還有虎友們最最最喜歡的限量保溫杯。Q2財報季即將拉開序幕，美國六大銀行將在本週率先公佈財報，隨後將迎來大家最關心的科技股財報。小虎君想邀請虎友們，分享你最看好的財報是哪家？說說爲什麼？你持有它嗎？解讀其最新業績，發表你對公司的看法，就有機會贏取老虎限量商務套裝，免傭卡，還有虎友們最最最喜歡的限量保溫杯。【參與方式】 在“<a href=\"https://laohu8.com/RN?name=RNTheme&amp;page=/theme/special/discussion&amp;rndata={&quot;themeId&quot;:&quot;fa946d497d894de8863f2348305e2a7e&quot;}\" target=\"_blank\">老虎財報季</a>”主題下發帖，或者題目中包含“老虎財報季”等關鍵字分享你最看好的財報是哪家？說說爲什麼？你持有它嗎？解讀其最新業績，發表你對公司的看法，字數不少於300字。並<a target=\"_blank\" href=\"https://laohu8.com/U/36984908995200\">@小虎活動</a>、<a target=\"_blank\" href=\"https://laohu8.com/U/20722186463466\">@愛發紅包的虎妞</a> 或者<a target=\"_blank\" href=\"https://laohu8.com/U/3514329116425907\">@小虎AV</a> 寫什麼？虎友們可以自由發揮！如果沒有現成的idea，也可以參考以下模版： 關注公司的財報業績（營收，淨利潤，主營業務表現，關鍵指標增長等） 公司基本面分析（包括主營業務分析、所屬行業競爭優劣勢、未來發展點等） 財報前後你是否有調整倉位？未來是否會繼續投資？","listText":"參與《老虎財報季》贏取老虎限量商務套裝，免傭卡，還有虎友們最最最喜歡的限量保溫杯。Q2財報季即將拉開序幕，美國六大銀行將在本週率先公佈財報，隨後將迎來大家最關心的科技股財報。小虎君想邀請虎友們，分享你最看好的財報是哪家？說說爲什麼？你持有它嗎？解讀其最新業績，發表你對公司的看法，就有機會贏取老虎限量商務套裝，免傭卡，還有虎友們最最最喜歡的限量保溫杯。【參與方式】 在“<a href=\"https://laohu8.com/RN?name=RNTheme&amp;page=/theme/special/discussion&amp;rndata={&quot;themeId&quot;:&quot;fa946d497d894de8863f2348305e2a7e&quot;}\" target=\"_blank\">老虎財報季</a>”主題下發帖，或者題目中包含“老虎財報季”等關鍵字分享你最看好的財報是哪家？說說爲什麼？你持有它嗎？解讀其最新業績，發表你對公司的看法，字數不少於300字。並<a target=\"_blank\" href=\"https://laohu8.com/U/36984908995200\">@小虎活動</a>、<a target=\"_blank\" href=\"https://laohu8.com/U/20722186463466\">@愛發紅包的虎妞</a> 或者<a target=\"_blank\" href=\"https://laohu8.com/U/3514329116425907\">@小虎AV</a> 寫什麼？虎友們可以自由發揮！如果沒有現成的idea，也可以參考以下模版： 關注公司的財報業績（營收，淨利潤，主營業務表現，關鍵指標增長等） 公司基本面分析（包括主營業務分析、所屬行業競爭優劣勢、未來發展點等） 財報前後你是否有調整倉位？未來是否會繼續投資？","text":"參與《老虎財報季》贏取老虎限量商務套裝，免傭卡，還有虎友們最最最喜歡的限量保溫杯。Q2財報季即將拉開序幕，美國六大銀行將在本週率先公佈財報，隨後將迎來大家最關心的科技股財報。小虎君想邀請虎友們，分享你最看好的財報是哪家？說說爲什麼？你持有它嗎？解讀其最新業績，發表你對公司的看法，就有機會贏取老虎限量商務套裝，免傭卡，還有虎友們最最最喜歡的限量保溫杯。【參與方式】 在“老虎財報季”主題下發帖，或者題目中包含“老虎財報季”等關鍵字分享你最看好的財報是哪家？說說爲什麼？你持有它嗎？解讀其最新業績，發表你對公司的看法，字數不少於300字。並@小虎活動、@愛發紅包的虎妞 或者@小虎AV 寫什麼？虎友們可以自由發揮！如果沒有現成的idea，也可以參考以下模版： 關注公司的財報業績（營收，淨利潤，主營業務表現，關鍵指標增長等） 公司基本面分析（包括主營業務分析、所屬行業競爭優劣勢、未來發展點等） 財報前後你是否有調整倉位？未來是否會繼續投資？","images":[{"img":"https://static.tigerbbs.com/18f14b2fa2c5e868274e699566b71f54","width":"840","height":"540"},{"img":"https://static.tigerbbs.com/ac10aad89763946afd17f38ae564756a","width":"1084","height":"1086"},{"img":"https://static.tigerbbs.com/82e19e2adebbf2c25108f6926818deea","width":"1080","height":"648"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146135203","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807465241,"gmtCreate":1628051293783,"gmtModify":1703500309225,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/807465241","repostId":"1124524228","repostType":4,"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804189189,"gmtCreate":1627945492541,"gmtModify":1703498167053,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804189189","repostId":"1172231827","repostType":4,"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804189068,"gmtCreate":1627945485954,"gmtModify":1703498166387,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804189068","repostId":"1172231827","repostType":4,"repost":{"id":"1172231827","pubTimestamp":1627910581,"share":"https://www.laohu8.com/m/news/1172231827?lang=&edition=full","pubTime":"2021-08-02 21:23","market":"us","language":"en","title":"Moderna, Pfizer Hike Vaccine Prices By Up To 25%","url":"https://stock-news.laohu8.com/highlight/detail?id=1172231827","media":"zerohedge","summary":"Pfizer and Moderna, Inc. have both made clear that they see their COVID vaccination businesses as lo","content":"<p><a href=\"https://laohu8.com/S/PFE\">Pfizer</a> and <a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a> have both made clear that they see their COVID vaccination businesses as long-term profit drivers, not the public service that enabled them to receive billions of dollars in public money to effectively subsidize their development. And now that jabs from <a href=\"https://laohu8.com/S/CAAS\">China</a> and Russia are facing newfound skepticism across Europe and the emerging world, Big Pharma is showing its true colors, and demanding a massive premium from all buyers of its jabs as Pfizer rolls out its first 'booster jabs'.</p>\n<p>It's interesting that they're raising prices, considering thatthe Pfizer jabhasn't exactlyheld up to the original promise of its efficacy.</p>\n<p>Despite their original promises not to profit off the vaccines until the pandemic had ended, both companies are now seizing the opportunity to hike prices charged to governments like those in the EU.</p>\n<p>According to the latest EU supply contracts seen by the FT, Pfizer raised the price of its COVID vaccine by more than 25% and Moderna raised its price by more than 10%. Both companies are expected to generate tens of billions of dollars in revenue this year as they sign new deals with countries anxious to secure supplies for potential booster shots.</p>\n<p>Perthe FT,the companies are raising prices now that Phase 3 trial data has showed that their mRNA jabs are more effective than the AstraZeneca and JNJ jabs. But let's not forget another important factor: that both the AstraZeneca and JNJ jabs have been linked to rare yet sometimes fatal blood clots that have made millions of people wary of taking the jabs. In Australia, for example, the AstraZeneca jab is much more available than the Pfizer jabs...but most patients would prefer to wait, despite the intense lockdowns imposed on the population.</p>\n<p>The new price for a Pfizer shot was €19.50 ($23) vs. €15.50 ($18) previously, according to the contracts seen by the FT.</p>\n<p>The insider who leaked the data to the FT said the pharmaceutical companies argued they deserved more money because their jabs offered increased \"value\" vs. competing vaccines.</p>\n<p>In reality, Big Pharma is just trying to do right by its shareholders as sales are expected to boom.</p>\n<p><img src=\"https://static.tigerbbs.com/cb20962b05dd2a1a50089742b71bd99c\" tg-width=\"1280\" tg-height=\"889\" referrerpolicy=\"no-referrer\">As the FT points out, the EU supply deal was struck at a difficult time for the EU. The AstraZeneca jab that public health leaders had hoped would be the workhorse of the global rollout had been damaged by scandal. The big pharma firms effectively had their government customers over a barrel. What's more, EU members were grousing about \"unfair\" distribution of shots that left some countries short on jabs.</p>\n<p><a href=\"https://laohu8.com/S/JE\">Just</a> last week, Pfizer last week raised its guidance for annual vaccine revenue by nearly <a href=\"https://laohu8.com/S/AONE.U\">one</a>-third to $33.5 billion, after sales of the shot helped almost double sales in the second quarter.</p>\n<p><img src=\"https://static.tigerbbs.com/5b4fabb71aac47f3f630bde49b1c1c8b\" tg-width=\"1280\" tg-height=\"937\" referrerpolicy=\"no-referrer\"></p>\n<p>Fortunately for shareholders, sales to high-income countries likely won't be slowing any time soon as governments prepare to start inoculating minors, and booster shots are being doled out already in Israel.</p>","source":"lsy1583725640930","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>Moderna, Pfizer Hike Vaccine Prices By Up To 25%</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\">\nModerna, Pfizer Hike Vaccine Prices By Up To 25%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/covid-19/moderna-pfizer-hike-vaccine-prices-25?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pfizer and Moderna, Inc. have both made clear that they see their COVID vaccination businesses as long-term profit drivers, not the public service that enabled them to receive billions of dollars in ...</p>\n\n<a href=\"https://www.zerohedge.com/covid-19/moderna-pfizer-hike-vaccine-prices-25?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","MRNA":"Moderna, Inc."},"source_url":"https://www.zerohedge.com/covid-19/moderna-pfizer-hike-vaccine-prices-25?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172231827","content_text":"Pfizer and Moderna, Inc. have both made clear that they see their COVID vaccination businesses as long-term profit drivers, not the public service that enabled them to receive billions of dollars in public money to effectively subsidize their development. And now that jabs from China and Russia are facing newfound skepticism across Europe and the emerging world, Big Pharma is showing its true colors, and demanding a massive premium from all buyers of its jabs as Pfizer rolls out its first 'booster jabs'.\nIt's interesting that they're raising prices, considering thatthe Pfizer jabhasn't exactlyheld up to the original promise of its efficacy.\nDespite their original promises not to profit off the vaccines until the pandemic had ended, both companies are now seizing the opportunity to hike prices charged to governments like those in the EU.\nAccording to the latest EU supply contracts seen by the FT, Pfizer raised the price of its COVID vaccine by more than 25% and Moderna raised its price by more than 10%. Both companies are expected to generate tens of billions of dollars in revenue this year as they sign new deals with countries anxious to secure supplies for potential booster shots.\nPerthe FT,the companies are raising prices now that Phase 3 trial data has showed that their mRNA jabs are more effective than the AstraZeneca and JNJ jabs. But let's not forget another important factor: that both the AstraZeneca and JNJ jabs have been linked to rare yet sometimes fatal blood clots that have made millions of people wary of taking the jabs. In Australia, for example, the AstraZeneca jab is much more available than the Pfizer jabs...but most patients would prefer to wait, despite the intense lockdowns imposed on the population.\nThe new price for a Pfizer shot was €19.50 ($23) vs. €15.50 ($18) previously, according to the contracts seen by the FT.\nThe insider who leaked the data to the FT said the pharmaceutical companies argued they deserved more money because their jabs offered increased \"value\" vs. competing vaccines.\nIn reality, Big Pharma is just trying to do right by its shareholders as sales are expected to boom.\nAs the FT points out, the EU supply deal was struck at a difficult time for the EU. The AstraZeneca jab that public health leaders had hoped would be the workhorse of the global rollout had been damaged by scandal. The big pharma firms effectively had their government customers over a barrel. What's more, EU members were grousing about \"unfair\" distribution of shots that left some countries short on jabs.\nJust last week, Pfizer last week raised its guidance for annual vaccine revenue by nearly one-third to $33.5 billion, after sales of the shot helped almost double sales in the second quarter.\n\nFortunately for shareholders, sales to high-income countries likely won't be slowing any time soon as governments prepare to start inoculating minors, and booster shots are being doled out already in Israel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804180516,"gmtCreate":1627945464235,"gmtModify":1703498165391,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hello&nbsp;","listText":"Hello&nbsp;","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804180516","repostId":"2156116807","repostType":4,"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804180096,"gmtCreate":1627945442615,"gmtModify":1703498165558,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804180096","repostId":"1107596279","repostType":4,"isVote":1,"tweetType":1,"viewCount":78,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804117163,"gmtCreate":1627945416752,"gmtModify":1703498163891,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hihu","listText":"Hihu","text":"Hihu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804117163","repostId":"1107596279","repostType":4,"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802527407,"gmtCreate":1627790203009,"gmtModify":1703495918562,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hu","listText":"Hu","text":"Hu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802527407","repostId":"2156165727","repostType":4,"repost":{"id":"2156165727","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1627771020,"share":"https://www.laohu8.com/m/news/2156165727?lang=&edition=full","pubTime":"2021-08-01 06:37","market":"hk","language":"en","title":"Home prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.","url":"https://stock-news.laohu8.com/highlight/detail?id=2156165727","media":"Dow Jones","summary":"'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage ","content":"<blockquote>\n 'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage market veteran.\n</blockquote>\n<p>U.S. home prices have been rising at a record annual pace , the absence of properties for sale, and the scramble by households for more space as families have fled to the suburbs during the pandemic.</p>\n<p>Can the good times last when the Federal Reserve finally cuts back on buying mortgage and Treasury bonds? Here's how mortgage rates and a less gargantuan central bank footprint could impact the heated U.S. housing market.</p>\n<p>\"The Fed is certainly talking and thinking about it,\" said Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, on the subject of how the Federal Reserve could scale back the central bank's $120 billion a month bond-buying program.</p>\n<p>But Jones also thinks tighter credit conditions, likely via higher borrowing rates as the Fed tapers its bond buying program, might end up being a saving grace for today's housing market.</p>\n<p>\"Housing prices could certainly pull back, after accelerating so fast,\" she said, pointing to households fighting over the few properties available to buy, while navigating work from home. \"At some point,\" she said, mortgage payments on high-priced homes \"become unsustainable with people's incomes.\"</p>\n<p>\"But I don't see a big housing debacle.\"</p>\n<p>How to pump the brakes on housing</p>\n<p>The central bank has maintained a large footprint in the mortgage market for more than a decade, but the worsening affordability crisis in the U.S. housing market led Fed officials to walk a tightrope recently when trying to explain its ongoing large-scale asset purchases during the pandemic recovery.</p>\n<p>Fed officials in recent weeks have expressed a fair bit of disagreement around the timing and pace of any scaling back of its large-scale asset purchases.</p>\n<p>St. Louis Fed President James Bullard said Friday the central bank should start to slow down its bond purchases this fall and finish by March , saying he thought financial markets \"are very well prepared\" for the reduction in purchases.</p>\n<p>During a midweek press briefing, Chairman Jerome Powell said tapering likely would start with agency mortgage-backed securities (MBS) and Treasury bonds at the same time, but also \"the idea of reducing\" mortgage exposure \"at a somewhat faster pace does have some traction with some people\".</p>\n<p>The blue line in the chart below traces the central bank's balance sheet</p>\n<p>As of July 29, the Fed was holding about 31% of the roughly $7.8 trillion agency MBS market, or housing bonds with government backing.</p>\n<p>\"You could make the case that the Fed owns almost <a href=\"https://laohu8.com/S/AONE.U\">one</a>-third of the agency mortgage bond market, and that it might make sense to loosen its grip,\" Jones said, particularly as Powell has played down a direct link between its MBS purchases and climbing home prices.</p>\n<p>It may now seem like a distant memory, but before the pandemic upheaval, that was precisely what the Fed was trying to do.</p>\n<p>\"Who would have thought,\" said Paul Jablansky, head of fixed income at Guardian Life Insurance, that the U.S. would be in the midst of \"one of the frothiest housing markets in history,\" following last year's extreme pandemic shutdowns that closed businesses, workplaces and national borders.</p>\n<p>\"Occasionally people ask, are we at the peak?\" said Jablansky, a 30-year veteran of the mortgage, and asset-backed and broader bond market. \"We are outside the balance of our experience, so it's very difficult to say we are at the peak,\" he told MarketWatch.</p>\n<p>\"I do think house price inflation will have to slow down dramatically. But maybe the biggest question is, can we see housing prices go negative? I think the Fed will work very, very hard to create a soft landing in house prices.\"</p>\n<p>Schwab's forecast has been for the Fed to kick things off by reducing its monthly asset purchases by $15 billion to $105 billion. That would mean cutting $10 billion from its current $80 billion monthly pace of Treasury purchases and $5 billion from its $40 billion monthly pace of MBS.</p>\n<p>\"So far, we haven't changed that,\" Jones told MarketWatch.</p>\n<p>While the Fed doesn't set long-term interest rates, its mass buying of Treasurys aims to keep a lid on borrowing costs. Treasury yields also inform the interest rate component of 30-year fixed-rate mortgages. So perhaps, scaling back both at once makes sense, Jones said.</p>\n<p>Misremembering the 2013 taper</p>\n<p>Fed Chair Powell said on Wednesday that the central bank's \"substantial further progress\" standard for unemployment and inflation in particular hasn't been met yet, while stressing that he'd like to see more progress in the jobs market before easing its monetary policy support for the economy.</p>\n<p>Powell also frequently has talked of lessons learned from the market upheaval of 2013, the so-called \"taper tantrum\" that rattled markets after the central bank began talking about taking away the punch bowl, as the economy healed from the Great Recession of 2008.</p>\n<p>\"What we need to remember,\" Jablansky said, is that markets sold off in anticipation of tapering, not the actual pull back in asset purchases. \"Later in the year, the period [former Fed Chair Ben] Bernanke was talking about, the Fed actually continued to buy assets, and the amount of accommodation it provided to the economy actually went up.\"</p>\n<p>Historically, the only stretch where the Fed has actively withdrawn its support occurred between 2017 and 2019, following its controversial, first foray into large-scale asset purchases to unfreeze credit markets post 2008.</p>\n<p>\"It's very difficult to draw a lot of conclusions from that real short period,\" Jablansky said. \"For us, the conclusion is that 2013 may be instructive, but the circumstances are really different.\"</p>\n<p>The message from Powell consistently has been about preserving \"maximum flexibility, but to go very slowly,\" said George Catrambone, head of Americas trading at asset manager <a href=\"https://laohu8.com/S/DWS.AU\">DWS</a> Group.</p>\n<p>Catrambone thinks that may be the right strategy, given the uncertain outlook on inflation, evidenced by, the recent spike in the cost of living , but also because of how significantly many of our lives have changed because of the pandemic.</p>\n<p>\"We know that a used car won't cost more than a new car forever,\" Catrambone said. \"Do I think the housing market slows down? It could. But you really need the supply, demand imbalance to abate. That could take a while.\"</p>\n<p>Extreme wildfires, drought and other shocks of climate change have been tied to $30 billion in property losses in the first half of 2021, while putting more patches of land and U.S. homes in the path of danger. While these were less frequent housing market topics in 2013, the pandemic also changed the whole notion of \"what is safe\" for many families.</p>\n<p>\"Migratory patterns tend to be sticky,\" Catrambone said, of the flight out of urban centers to suburbia.</p>\n<p>What's more, the delta variant fueling a new wave of COVID-19 cases and others, but also delayed plans by many big companies to return staff to offices buildings.</p>\n<p>\"This probably doesn't help occupancy rates for commercial real estate, with more people likely staying closer to home,\" Catrambone said, but it likely adds to the already high \"psychological value placed on housing.\"</p>\n<p>After touching record highs, the S&amp;P 500 index , Dow Jones Industrial Average and Nasdaq Composite Index closed Friday and the week lower, but booked monthly gains .</p>\n<p>On the U.S. economic data front, August kicks off with manufacturing and construction spending data, followed by motor vehicles sales, ADP employment and jobless claims, but the main focus of the week will be the monthly nonfarm payrolls report on Friday.</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>Home prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.</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\">\nHome prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-08-01 06:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n 'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage market veteran.\n</blockquote>\n<p>U.S. home prices have been rising at a record annual pace , the absence of properties for sale, and the scramble by households for more space as families have fled to the suburbs during the pandemic.</p>\n<p>Can the good times last when the Federal Reserve finally cuts back on buying mortgage and Treasury bonds? Here's how mortgage rates and a less gargantuan central bank footprint could impact the heated U.S. housing market.</p>\n<p>\"The Fed is certainly talking and thinking about it,\" said Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, on the subject of how the Federal Reserve could scale back the central bank's $120 billion a month bond-buying program.</p>\n<p>But Jones also thinks tighter credit conditions, likely via higher borrowing rates as the Fed tapers its bond buying program, might end up being a saving grace for today's housing market.</p>\n<p>\"Housing prices could certainly pull back, after accelerating so fast,\" she said, pointing to households fighting over the few properties available to buy, while navigating work from home. \"At some point,\" she said, mortgage payments on high-priced homes \"become unsustainable with people's incomes.\"</p>\n<p>\"But I don't see a big housing debacle.\"</p>\n<p>How to pump the brakes on housing</p>\n<p>The central bank has maintained a large footprint in the mortgage market for more than a decade, but the worsening affordability crisis in the U.S. housing market led Fed officials to walk a tightrope recently when trying to explain its ongoing large-scale asset purchases during the pandemic recovery.</p>\n<p>Fed officials in recent weeks have expressed a fair bit of disagreement around the timing and pace of any scaling back of its large-scale asset purchases.</p>\n<p>St. Louis Fed President James Bullard said Friday the central bank should start to slow down its bond purchases this fall and finish by March , saying he thought financial markets \"are very well prepared\" for the reduction in purchases.</p>\n<p>During a midweek press briefing, Chairman Jerome Powell said tapering likely would start with agency mortgage-backed securities (MBS) and Treasury bonds at the same time, but also \"the idea of reducing\" mortgage exposure \"at a somewhat faster pace does have some traction with some people\".</p>\n<p>The blue line in the chart below traces the central bank's balance sheet</p>\n<p>As of July 29, the Fed was holding about 31% of the roughly $7.8 trillion agency MBS market, or housing bonds with government backing.</p>\n<p>\"You could make the case that the Fed owns almost <a href=\"https://laohu8.com/S/AONE.U\">one</a>-third of the agency mortgage bond market, and that it might make sense to loosen its grip,\" Jones said, particularly as Powell has played down a direct link between its MBS purchases and climbing home prices.</p>\n<p>It may now seem like a distant memory, but before the pandemic upheaval, that was precisely what the Fed was trying to do.</p>\n<p>\"Who would have thought,\" said Paul Jablansky, head of fixed income at Guardian Life Insurance, that the U.S. would be in the midst of \"one of the frothiest housing markets in history,\" following last year's extreme pandemic shutdowns that closed businesses, workplaces and national borders.</p>\n<p>\"Occasionally people ask, are we at the peak?\" said Jablansky, a 30-year veteran of the mortgage, and asset-backed and broader bond market. \"We are outside the balance of our experience, so it's very difficult to say we are at the peak,\" he told MarketWatch.</p>\n<p>\"I do think house price inflation will have to slow down dramatically. But maybe the biggest question is, can we see housing prices go negative? I think the Fed will work very, very hard to create a soft landing in house prices.\"</p>\n<p>Schwab's forecast has been for the Fed to kick things off by reducing its monthly asset purchases by $15 billion to $105 billion. That would mean cutting $10 billion from its current $80 billion monthly pace of Treasury purchases and $5 billion from its $40 billion monthly pace of MBS.</p>\n<p>\"So far, we haven't changed that,\" Jones told MarketWatch.</p>\n<p>While the Fed doesn't set long-term interest rates, its mass buying of Treasurys aims to keep a lid on borrowing costs. Treasury yields also inform the interest rate component of 30-year fixed-rate mortgages. So perhaps, scaling back both at once makes sense, Jones said.</p>\n<p>Misremembering the 2013 taper</p>\n<p>Fed Chair Powell said on Wednesday that the central bank's \"substantial further progress\" standard for unemployment and inflation in particular hasn't been met yet, while stressing that he'd like to see more progress in the jobs market before easing its monetary policy support for the economy.</p>\n<p>Powell also frequently has talked of lessons learned from the market upheaval of 2013, the so-called \"taper tantrum\" that rattled markets after the central bank began talking about taking away the punch bowl, as the economy healed from the Great Recession of 2008.</p>\n<p>\"What we need to remember,\" Jablansky said, is that markets sold off in anticipation of tapering, not the actual pull back in asset purchases. \"Later in the year, the period [former Fed Chair Ben] Bernanke was talking about, the Fed actually continued to buy assets, and the amount of accommodation it provided to the economy actually went up.\"</p>\n<p>Historically, the only stretch where the Fed has actively withdrawn its support occurred between 2017 and 2019, following its controversial, first foray into large-scale asset purchases to unfreeze credit markets post 2008.</p>\n<p>\"It's very difficult to draw a lot of conclusions from that real short period,\" Jablansky said. \"For us, the conclusion is that 2013 may be instructive, but the circumstances are really different.\"</p>\n<p>The message from Powell consistently has been about preserving \"maximum flexibility, but to go very slowly,\" said George Catrambone, head of Americas trading at asset manager <a href=\"https://laohu8.com/S/DWS.AU\">DWS</a> Group.</p>\n<p>Catrambone thinks that may be the right strategy, given the uncertain outlook on inflation, evidenced by, the recent spike in the cost of living , but also because of how significantly many of our lives have changed because of the pandemic.</p>\n<p>\"We know that a used car won't cost more than a new car forever,\" Catrambone said. \"Do I think the housing market slows down? It could. But you really need the supply, demand imbalance to abate. That could take a while.\"</p>\n<p>Extreme wildfires, drought and other shocks of climate change have been tied to $30 billion in property losses in the first half of 2021, while putting more patches of land and U.S. homes in the path of danger. While these were less frequent housing market topics in 2013, the pandemic also changed the whole notion of \"what is safe\" for many families.</p>\n<p>\"Migratory patterns tend to be sticky,\" Catrambone said, of the flight out of urban centers to suburbia.</p>\n<p>What's more, the delta variant fueling a new wave of COVID-19 cases and others, but also delayed plans by many big companies to return staff to offices buildings.</p>\n<p>\"This probably doesn't help occupancy rates for commercial real estate, with more people likely staying closer to home,\" Catrambone said, but it likely adds to the already high \"psychological value placed on housing.\"</p>\n<p>After touching record highs, the S&amp;P 500 index , Dow Jones Industrial Average and Nasdaq Composite Index closed Friday and the week lower, but booked monthly gains .</p>\n<p>On the U.S. economic data front, August kicks off with manufacturing and construction spending data, followed by motor vehicles sales, ADP employment and jobless claims, but the main focus of the week will be the monthly nonfarm payrolls report on Friday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A","HBCP":"Home合众银行","MBB":"美国按揭抵押债券ETF-iShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156165727","content_text":"'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage market veteran.\n\nU.S. home prices have been rising at a record annual pace , the absence of properties for sale, and the scramble by households for more space as families have fled to the suburbs during the pandemic.\nCan the good times last when the Federal Reserve finally cuts back on buying mortgage and Treasury bonds? Here's how mortgage rates and a less gargantuan central bank footprint could impact the heated U.S. housing market.\n\"The Fed is certainly talking and thinking about it,\" said Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, on the subject of how the Federal Reserve could scale back the central bank's $120 billion a month bond-buying program.\nBut Jones also thinks tighter credit conditions, likely via higher borrowing rates as the Fed tapers its bond buying program, might end up being a saving grace for today's housing market.\n\"Housing prices could certainly pull back, after accelerating so fast,\" she said, pointing to households fighting over the few properties available to buy, while navigating work from home. \"At some point,\" she said, mortgage payments on high-priced homes \"become unsustainable with people's incomes.\"\n\"But I don't see a big housing debacle.\"\nHow to pump the brakes on housing\nThe central bank has maintained a large footprint in the mortgage market for more than a decade, but the worsening affordability crisis in the U.S. housing market led Fed officials to walk a tightrope recently when trying to explain its ongoing large-scale asset purchases during the pandemic recovery.\nFed officials in recent weeks have expressed a fair bit of disagreement around the timing and pace of any scaling back of its large-scale asset purchases.\nSt. Louis Fed President James Bullard said Friday the central bank should start to slow down its bond purchases this fall and finish by March , saying he thought financial markets \"are very well prepared\" for the reduction in purchases.\nDuring a midweek press briefing, Chairman Jerome Powell said tapering likely would start with agency mortgage-backed securities (MBS) and Treasury bonds at the same time, but also \"the idea of reducing\" mortgage exposure \"at a somewhat faster pace does have some traction with some people\".\nThe blue line in the chart below traces the central bank's balance sheet\nAs of July 29, the Fed was holding about 31% of the roughly $7.8 trillion agency MBS market, or housing bonds with government backing.\n\"You could make the case that the Fed owns almost one-third of the agency mortgage bond market, and that it might make sense to loosen its grip,\" Jones said, particularly as Powell has played down a direct link between its MBS purchases and climbing home prices.\nIt may now seem like a distant memory, but before the pandemic upheaval, that was precisely what the Fed was trying to do.\n\"Who would have thought,\" said Paul Jablansky, head of fixed income at Guardian Life Insurance, that the U.S. would be in the midst of \"one of the frothiest housing markets in history,\" following last year's extreme pandemic shutdowns that closed businesses, workplaces and national borders.\n\"Occasionally people ask, are we at the peak?\" said Jablansky, a 30-year veteran of the mortgage, and asset-backed and broader bond market. \"We are outside the balance of our experience, so it's very difficult to say we are at the peak,\" he told MarketWatch.\n\"I do think house price inflation will have to slow down dramatically. But maybe the biggest question is, can we see housing prices go negative? I think the Fed will work very, very hard to create a soft landing in house prices.\"\nSchwab's forecast has been for the Fed to kick things off by reducing its monthly asset purchases by $15 billion to $105 billion. That would mean cutting $10 billion from its current $80 billion monthly pace of Treasury purchases and $5 billion from its $40 billion monthly pace of MBS.\n\"So far, we haven't changed that,\" Jones told MarketWatch.\nWhile the Fed doesn't set long-term interest rates, its mass buying of Treasurys aims to keep a lid on borrowing costs. Treasury yields also inform the interest rate component of 30-year fixed-rate mortgages. So perhaps, scaling back both at once makes sense, Jones said.\nMisremembering the 2013 taper\nFed Chair Powell said on Wednesday that the central bank's \"substantial further progress\" standard for unemployment and inflation in particular hasn't been met yet, while stressing that he'd like to see more progress in the jobs market before easing its monetary policy support for the economy.\nPowell also frequently has talked of lessons learned from the market upheaval of 2013, the so-called \"taper tantrum\" that rattled markets after the central bank began talking about taking away the punch bowl, as the economy healed from the Great Recession of 2008.\n\"What we need to remember,\" Jablansky said, is that markets sold off in anticipation of tapering, not the actual pull back in asset purchases. \"Later in the year, the period [former Fed Chair Ben] Bernanke was talking about, the Fed actually continued to buy assets, and the amount of accommodation it provided to the economy actually went up.\"\nHistorically, the only stretch where the Fed has actively withdrawn its support occurred between 2017 and 2019, following its controversial, first foray into large-scale asset purchases to unfreeze credit markets post 2008.\n\"It's very difficult to draw a lot of conclusions from that real short period,\" Jablansky said. \"For us, the conclusion is that 2013 may be instructive, but the circumstances are really different.\"\nThe message from Powell consistently has been about preserving \"maximum flexibility, but to go very slowly,\" said George Catrambone, head of Americas trading at asset manager DWS Group.\nCatrambone thinks that may be the right strategy, given the uncertain outlook on inflation, evidenced by, the recent spike in the cost of living , but also because of how significantly many of our lives have changed because of the pandemic.\n\"We know that a used car won't cost more than a new car forever,\" Catrambone said. \"Do I think the housing market slows down? It could. But you really need the supply, demand imbalance to abate. That could take a while.\"\nExtreme wildfires, drought and other shocks of climate change have been tied to $30 billion in property losses in the first half of 2021, while putting more patches of land and U.S. homes in the path of danger. While these were less frequent housing market topics in 2013, the pandemic also changed the whole notion of \"what is safe\" for many families.\n\"Migratory patterns tend to be sticky,\" Catrambone said, of the flight out of urban centers to suburbia.\nWhat's more, the delta variant fueling a new wave of COVID-19 cases and others, but also delayed plans by many big companies to return staff to offices buildings.\n\"This probably doesn't help occupancy rates for commercial real estate, with more people likely staying closer to home,\" Catrambone said, but it likely adds to the already high \"psychological value placed on housing.\"\nAfter touching record highs, the S&P 500 index , Dow Jones Industrial Average and Nasdaq Composite Index closed Friday and the week lower, but booked monthly gains .\nOn the U.S. economic data front, August kicks off with manufacturing and construction spending data, followed by motor vehicles sales, ADP employment and jobless claims, but the main focus of the week will be the monthly nonfarm payrolls report on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":898629063,"gmtCreate":1628494657352,"gmtModify":1703507024210,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/898629063","repostId":"1184000657","repostType":4,"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886370186,"gmtCreate":1631571411845,"gmtModify":1676530575688,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886370186","repostId":"1146713993","repostType":4,"repost":{"id":"1146713993","pubTimestamp":1631546225,"share":"https://www.laohu8.com/m/news/1146713993?lang=&edition=full","pubTime":"2021-09-13 23:17","market":"us","language":"en","title":"3M Doubles Its Estimated Drop in Car Output on Chip Shortage","url":"https://stock-news.laohu8.com/highlight/detail?id=1146713993","media":"Bloomberg","summary":"Semiconductor supplies to roil auto industry into 2022: CFO\nInflation to ding profits at Post-it not","content":"<ul>\n <li>Semiconductor supplies to roil auto industry into 2022: CFO</li>\n <li>Inflation to ding profits at Post-it note, touchscreen maker</li>\n</ul>\n<p>3M Co.&nbsp;expects the semiconductor shortage that has idled auto factories worldwide will last into 2022 and the company has doubled its previous estimate for the decline in new-vehicle production in this year’s second half.</p>\n<p>The year-over-year drop will be 6%, up from 3%, Chief Financial Officer Monish Patolawala said Monday at a Morgan Stanley conference.</p>\n<p>“Until you see the availability of chips go up and a steady supply of all of those chips, you’re going to have auto OEMs have to go through ups and downs to keep their factories running,” he said.</p>\n<p>Automakers including&nbsp;Toyota Motor Corp.,General Motors Co.&nbsp;and&nbsp;Volkswagen AG&nbsp;have been forced to curtail production due to the chip shortfall. Toyota last week&nbsp;trimmed&nbsp;its annual production forecast due to the constraint and the spread of coronavirus cases in southeast Asia. GM has said it expects the situation to&nbsp;worsen&nbsp;this year before improving in 2022, while VW’s chief executive has&nbsp;warned&nbsp;the shortages could last for years.</p>\n<p>Patolawala said the chip issue is one of several supply-chain issues that, along with higher inflation, is likely to negatively affect the St. Paul, Minnesota-based manufacturer’s earnings per share this year. He said that will impact the company on the “high end” of the 65 cents per share to 80 cents per share range. In July, 3M&nbsp;forecast&nbsp;earnings per share of $9.70 to $10.10 for the full year.</p>\n<p>3M shares rose 1.8% to $187.82 as of 10:58 a.m. in New York.</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>3M Doubles Its Estimated Drop in Car Output on Chip Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3M Doubles Its Estimated Drop in Car Output on Chip Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 23:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-13/3m-doubles-its-estimate-for-drop-in-car-output-on-chip-shortage?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Semiconductor supplies to roil auto industry into 2022: CFO\nInflation to ding profits at Post-it note, touchscreen maker\n\n3M Co. expects the semiconductor shortage that has idled auto factories ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-13/3m-doubles-its-estimate-for-drop-in-car-output-on-chip-shortage?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MMM":"3M"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-13/3m-doubles-its-estimate-for-drop-in-car-output-on-chip-shortage?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146713993","content_text":"Semiconductor supplies to roil auto industry into 2022: CFO\nInflation to ding profits at Post-it note, touchscreen maker\n\n3M Co. expects the semiconductor shortage that has idled auto factories worldwide will last into 2022 and the company has doubled its previous estimate for the decline in new-vehicle production in this year’s second half.\nThe year-over-year drop will be 6%, up from 3%, Chief Financial Officer Monish Patolawala said Monday at a Morgan Stanley conference.\n“Until you see the availability of chips go up and a steady supply of all of those chips, you’re going to have auto OEMs have to go through ups and downs to keep their factories running,” he said.\nAutomakers including Toyota Motor Corp.,General Motors Co. and Volkswagen AG have been forced to curtail production due to the chip shortfall. Toyota last week trimmed its annual production forecast due to the constraint and the spread of coronavirus cases in southeast Asia. GM has said it expects the situation to worsen this year before improving in 2022, while VW’s chief executive has warned the shortages could last for years.\nPatolawala said the chip issue is one of several supply-chain issues that, along with higher inflation, is likely to negatively affect the St. Paul, Minnesota-based manufacturer’s earnings per share this year. He said that will impact the company on the “high end” of the 65 cents per share to 80 cents per share range. In July, 3M forecast earnings per share of $9.70 to $10.10 for the full year.\n3M shares rose 1.8% to $187.82 as of 10:58 a.m. in New York.","news_type":1},"isVote":1,"tweetType":1,"viewCount":293,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804180096,"gmtCreate":1627945442615,"gmtModify":1703498165558,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804180096","repostId":"1107596279","repostType":4,"isVote":1,"tweetType":1,"viewCount":78,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807465241,"gmtCreate":1628051293783,"gmtModify":1703500309225,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/807465241","repostId":"1124524228","repostType":4,"repost":{"id":"1124524228","pubTimestamp":1628049006,"share":"https://www.laohu8.com/m/news/1124524228?lang=&edition=full","pubTime":"2021-08-04 11:50","market":"us","language":"en","title":"Hong Kong Stock Market Rebounds, Led by Tencent, Anta Sports","url":"https://stock-news.laohu8.com/highlight/detail?id=1124524228","media":"Bloomberg","summary":"Hong Kong stocks advanced after technology firms rebounded, led by Tencent Holdings Ltd., as investo","content":"<p>Hong Kong stocks advanced after technology firms rebounded, led by Tencent Holdings Ltd., as investors continued to weigh growth prospects against regulatory risks.</p>\n<p>The Hang Seng Index climbed 1.6% by 11:50 a.m. local time, boosted also by a gain of much as 5.2% for Anta Sports Products Ltd. Tencent rose as much 4.3%.</p>\n<p>The moves come after a volatile couple of weeks for stocks in the financial hub, which were rocked by the shock ban on profit making at tutoring companies that late last monthtriggereda near $1 trillion global selloff.</p>\n<p>“Today we see some technology rally, because some short-term traders might find some opportunities and are betting on technical rebound,” said Steven Leung, UOB Kay Hian executive director. “We are seeing many mainland investors buying Tencent today -- a good sign for the market since they were net sellers.”</p>\n<p>On Tuesday, Tencent -- which had been Asia’s largest stock by market value and one of the most heavily weighted in Hong Kong’s benchmark gauge -- dropped 6.1% after a critique by state media of the online gaming industry.</p>\n<p>Sportswear stocks contributed the benchmark’s gains Wednesday after Chinese authorities made clear their preference for physical fitness and recreation rather than online gaming.</p>\n<p>A Bloomberg gauge tracking Macau’s casino operators fell as much as 5.5%, set for its worst day since September last year, after Macau required Covid-19 test for people departing the city after new cases were identified.</p>\n<p>Wynn Macau Ltd. fell as much as 6.6%, while SJM Holdings Ltd. lost 4.5%. Galaxy Entertainment Group Ltd. fell 4.3%.</p>\n<p>Chinese investors net bought a combined HK$2 billion worth of Hong Kong stocks via the trading links with Shenzhen and Shanghai on Wednesday, set for the most since July 9,Bloomberg datashows.</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>Hong Kong Stock Market Rebounds, Led by Tencent, Anta Sports</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\">\nHong Kong Stock Market Rebounds, Led by Tencent, Anta Sports\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-04 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-04/hong-kong-stock-market-rebounds-led-by-tencent-anta-sports?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks advanced after technology firms rebounded, led by Tencent Holdings Ltd., as investors continued to weigh growth prospects against regulatory risks.\nThe Hang Seng Index climbed 1.6% by...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-04/hong-kong-stock-market-rebounds-led-by-tencent-anta-sports?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","HSI":"恒生指数","HSTECH":"恒生科技指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-04/hong-kong-stock-market-rebounds-led-by-tencent-anta-sports?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124524228","content_text":"Hong Kong stocks advanced after technology firms rebounded, led by Tencent Holdings Ltd., as investors continued to weigh growth prospects against regulatory risks.\nThe Hang Seng Index climbed 1.6% by 11:50 a.m. local time, boosted also by a gain of much as 5.2% for Anta Sports Products Ltd. Tencent rose as much 4.3%.\nThe moves come after a volatile couple of weeks for stocks in the financial hub, which were rocked by the shock ban on profit making at tutoring companies that late last monthtriggereda near $1 trillion global selloff.\n“Today we see some technology rally, because some short-term traders might find some opportunities and are betting on technical rebound,” said Steven Leung, UOB Kay Hian executive director. “We are seeing many mainland investors buying Tencent today -- a good sign for the market since they were net sellers.”\nOn Tuesday, Tencent -- which had been Asia’s largest stock by market value and one of the most heavily weighted in Hong Kong’s benchmark gauge -- dropped 6.1% after a critique by state media of the online gaming industry.\nSportswear stocks contributed the benchmark’s gains Wednesday after Chinese authorities made clear their preference for physical fitness and recreation rather than online gaming.\nA Bloomberg gauge tracking Macau’s casino operators fell as much as 5.5%, set for its worst day since September last year, after Macau required Covid-19 test for people departing the city after new cases were identified.\nWynn Macau Ltd. fell as much as 6.6%, while SJM Holdings Ltd. lost 4.5%. Galaxy Entertainment Group Ltd. fell 4.3%.\nChinese investors net bought a combined HK$2 billion worth of Hong Kong stocks via the trading links with Shenzhen and Shanghai on Wednesday, set for the most since July 9,Bloomberg datashows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802527675,"gmtCreate":1627790185897,"gmtModify":1703495919215,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hihihi","listText":"Hihihi","text":"Hihihi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/802527675","repostId":"2155001152","repostType":4,"repost":{"id":"2155001152","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":1627675228,"share":"https://www.laohu8.com/m/news/2155001152?lang=&edition=full","pubTime":"2021-07-31 04:00","market":"us","language":"en","title":"Wall Street declines with Amazon; S&P 500 posts gains for month","url":"https://stock-news.laohu8.com/highlight/detail?id=2155001152","media":"Reuters","summary":"U.S. consumer spending rises in June, inflation increases . NEW YORK, July 30  - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&P 500 still posted a sixth straight month of gains.Amazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.Shares of oth","content":"<ul>\n <li>Pinterest sinks on stalled U.S. user growth</li>\n <li>U.S. consumer spending rises in June, inflation increases (Updates to close)</li>\n</ul>\n<p>NEW YORK, July 30 (Reuters) - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&amp;P 500 still posted a sixth straight month of gains.</p>\n<p>Amazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.</p>\n<p>Shares of other internet and tech giants that did well during the lockdowns of last year, including Google parent Alphabet Inc and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, were mostly lower.</p>\n<p>\"Overall earnings have been good. But Amazon ... and some of last year's winners are taking some of the air out of the market today,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. \"This market has been driven by big tech and when tech does well, the market seems to go right along with it, and when it doesn't,\" it falls.</p>\n<p>Data on Friday showed U.S. consumer spending rose more than expected in June, although annual inflation accelerated further above the Federal Reserve's 2% target.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 146.36 points, or 0.42%, to 34,938.17, the S&amp;P 500 lost 23.58 points, or 0.53%, to 4,395.57 and the Nasdaq Composite dropped 101.51 points, or 0.69%, to 14,676.76.</p>\n<p>Strong earnings and the continued rebound in the U.S. economy have helped to support stocks this month, but the rapid spread of the Delta variant of the coronavirus and rising inflation have been concerns.</p>\n<p>\"There are still some distant jitters, whispers about the Delta variant, about cases rising, and I think some underlying worries about a slowdown of the reopenings and possible reversal,\" Dollarhide said.</p>\n<p>Also on the earnings front, Pampers maker Procter &amp; Gamble Co rose as it forecast higher core earnings for this year, and U.S.-listed shares of Canada's <a href=\"https://laohu8.com/S/QSR\">Restaurant Brands International Inc</a> jumped after the Burger King owner beat estimates for quarterly profit.</p>\n<p>Pinterest Inc, however, plunged after saying U.S. user growth was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic were stepping out more.</p>\n<p>Caterpillar Inc shares also fell, even though the company posted a rise in second-quarter adjusted profit on the back of a recovery in global economic activity.</p>\n<p>Results on the quarter overall have been much stronger than expected, with about 89% of the reports beating analysts' estimates on earnings, according to IBES data from Refinitiv. Earnings are now expected to have climbed 89.8% in the second quarter versus forecasts of 65.4% at the start of July. (Reporting by Caroline Valetkevitch in New York Additional reporting by Sagarika Jaisinghani in Bengaluru Editing by Arun Koyyur and Matthew Lewis)</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 Street declines with Amazon; S&P 500 posts gains for month</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street declines with Amazon; S&P 500 posts gains for month\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\">2021-07-31 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Pinterest sinks on stalled U.S. user growth</li>\n <li>U.S. consumer spending rises in June, inflation increases (Updates to close)</li>\n</ul>\n<p>NEW YORK, July 30 (Reuters) - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&amp;P 500 still posted a sixth straight month of gains.</p>\n<p>Amazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.</p>\n<p>Shares of other internet and tech giants that did well during the lockdowns of last year, including Google parent Alphabet Inc and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, were mostly lower.</p>\n<p>\"Overall earnings have been good. But Amazon ... and some of last year's winners are taking some of the air out of the market today,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. \"This market has been driven by big tech and when tech does well, the market seems to go right along with it, and when it doesn't,\" it falls.</p>\n<p>Data on Friday showed U.S. consumer spending rose more than expected in June, although annual inflation accelerated further above the Federal Reserve's 2% target.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 146.36 points, or 0.42%, to 34,938.17, the S&amp;P 500 lost 23.58 points, or 0.53%, to 4,395.57 and the Nasdaq Composite dropped 101.51 points, or 0.69%, to 14,676.76.</p>\n<p>Strong earnings and the continued rebound in the U.S. economy have helped to support stocks this month, but the rapid spread of the Delta variant of the coronavirus and rising inflation have been concerns.</p>\n<p>\"There are still some distant jitters, whispers about the Delta variant, about cases rising, and I think some underlying worries about a slowdown of the reopenings and possible reversal,\" Dollarhide said.</p>\n<p>Also on the earnings front, Pampers maker Procter &amp; Gamble Co rose as it forecast higher core earnings for this year, and U.S.-listed shares of Canada's <a href=\"https://laohu8.com/S/QSR\">Restaurant Brands International Inc</a> jumped after the Burger King owner beat estimates for quarterly profit.</p>\n<p>Pinterest Inc, however, plunged after saying U.S. user growth was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic were stepping out more.</p>\n<p>Caterpillar Inc shares also fell, even though the company posted a rise in second-quarter adjusted profit on the back of a recovery in global economic activity.</p>\n<p>Results on the quarter overall have been much stronger than expected, with about 89% of the reports beating analysts' estimates on earnings, according to IBES data from Refinitiv. Earnings are now expected to have climbed 89.8% in the second quarter versus forecasts of 65.4% at the start of July. (Reporting by Caroline Valetkevitch in New York Additional reporting by Sagarika Jaisinghani in Bengaluru Editing by Arun Koyyur and Matthew Lewis)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","OEX":"标普100",".SPX":"S&P 500 Index","COMP":"Compass, Inc.","SSO":"两倍做多标普500ETF","SPXU":"三倍做空标普500ETF","CAT":"卡特彼勒","AMZN":"亚马逊","OEF":"标普100指数ETF-iShares","IVV":"标普500指数ETF","SH":"标普500反向ETF","SDS":"两倍做空标普500ETF","UPRO":"三倍做多标普500ETF","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155001152","content_text":"Pinterest sinks on stalled U.S. user growth\nU.S. consumer spending rises in June, inflation increases (Updates to close)\n\nNEW YORK, July 30 (Reuters) - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&P 500 still posted a sixth straight month of gains.\nAmazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.\nShares of other internet and tech giants that did well during the lockdowns of last year, including Google parent Alphabet Inc and Facebook Inc, were mostly lower.\n\"Overall earnings have been good. But Amazon ... and some of last year's winners are taking some of the air out of the market today,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. \"This market has been driven by big tech and when tech does well, the market seems to go right along with it, and when it doesn't,\" it falls.\nData on Friday showed U.S. consumer spending rose more than expected in June, although annual inflation accelerated further above the Federal Reserve's 2% target.\nUnofficially, the Dow Jones Industrial Average fell 146.36 points, or 0.42%, to 34,938.17, the S&P 500 lost 23.58 points, or 0.53%, to 4,395.57 and the Nasdaq Composite dropped 101.51 points, or 0.69%, to 14,676.76.\nStrong earnings and the continued rebound in the U.S. economy have helped to support stocks this month, but the rapid spread of the Delta variant of the coronavirus and rising inflation have been concerns.\n\"There are still some distant jitters, whispers about the Delta variant, about cases rising, and I think some underlying worries about a slowdown of the reopenings and possible reversal,\" Dollarhide said.\nAlso on the earnings front, Pampers maker Procter & Gamble Co rose as it forecast higher core earnings for this year, and U.S.-listed shares of Canada's Restaurant Brands International Inc jumped after the Burger King owner beat estimates for quarterly profit.\nPinterest Inc, however, plunged after saying U.S. user growth was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic were stepping out more.\nCaterpillar Inc shares also fell, even though the company posted a rise in second-quarter adjusted profit on the back of a recovery in global economic activity.\nResults on the quarter overall have been much stronger than expected, with about 89% of the reports beating analysts' estimates on earnings, according to IBES data from Refinitiv. Earnings are now expected to have climbed 89.8% in the second quarter versus forecasts of 65.4% at the start of July. (Reporting by Caroline Valetkevitch in New York Additional reporting by Sagarika Jaisinghani in Bengaluru Editing by Arun Koyyur and Matthew Lewis)","news_type":1},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890500486,"gmtCreate":1628122318745,"gmtModify":1703501520914,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890500486","repostId":"2157483930","repostType":4,"repost":{"id":"2157483930","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":1628118320,"share":"https://www.laohu8.com/m/news/2157483930?lang=&edition=full","pubTime":"2021-08-05 07:05","market":"us","language":"en","title":"Wall Street closes mixed, S&P 500 ends off record high","url":"https://stock-news.laohu8.com/highlight/detail?id=2157483930","media":"Reuters","summary":"GM slides despite posting quarterly profit\n\n\nPrivate payrolls growth slows as labor shortages linger","content":"<ul>\n <li>GM slides despite posting quarterly profit</li>\n</ul>\n<ul>\n <li>Private payrolls growth slows as labor shortages linger</li>\n</ul>\n<ul>\n <li>Netflix, <a href=\"https://laohu8.com/S/FB\">Facebook</a> outperform</li>\n</ul>\n<ul>\n <li>Indexes: Dow off 0.92%, S&amp;P down 0.46%, Nasdaq up 0.13%</li>\n</ul>\n<p>Aug 4 (Reuters) - U.S. stocks closed mostly lower on Wednesday, with the S&amp;P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and <a href=\"https://laohu8.com/S/GM\">General Motors</a> tracked its worst day since early March.</p>\n<p>GM's shares slumped 8.9%, underscoring the uncertainty facing global automakers at a time of technological and economic disruption. Shares of rival <a href=\"https://laohu8.com/S/F\">Ford</a> fell 5.0%.</p>\n<p>Nine of the 11 S&amp;P indexes were lower, with industrials&nbsp;and energy&nbsp;both slipping, as data showed U.S. private payrolls increased far less than expected in July, likely constrained by shortages of workers and raw materials.</p>\n<p>The blue-chip Dow, heavily weighted toward economically-sensitive stocks, also declined.</p>\n<p>The technology-heavy Nasdaq&nbsp;bucked the trend after another report showed a measure of U.S. services industry activity jumped to a record high last month, suggesting a broader economic rebound was still on track.</p>\n<p>\"The ADP employment report this morning (is a) big miss ... has people really locked in on tomorrow's initial claims and then Friday's non-farm payrolls report,\" said Ross Mayfield, investment strategist at Baird in Louisville, Kentucky. \"To me that’s a big driver (of the market today).\"</p>\n<p>\"Broadly, the continued evolution of COVID-19, the Delta variant over the recent weeks and months kind of re-rating of the growth outlook\" has the market coming to terms with what it means for the reflation trade, and what it means to the bond market, Mayfield said.</p>\n<p>After six straight month of gains, the benchmark S&amp;P 500&nbsp;has struggled to rise in August over concerns about the pace of growth as the economy rebounded from the depths of the COVID-19-driven recession, and fears of higher inflation overshadowed a stellar corporate earnings season.</p>\n<p>Federal Reserve Vice Chair Richard Clarida said on Wednesday the central bank should be in the position to begin raising interest rates in 2023.</p>\n<p>Still, tech and tech-adjacent stocks such as <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> and <a href=\"https://laohu8.com/S/FB\">Facebook</a>, which tend to perform better when interest rates are lower, outperformed the broader market.</p>\n<p>Focus now turns to the Labor Department's monthly jobs report on Friday.</p>\n<p>The Dow Jones Industrial Average fell 323.73 points, or 0.92%, to 34,792.67, the S&amp;P 500&nbsp;lost 20.49 points, or 0.46%, to 4,402.66 and the Nasdaq Composite added 19.24 points, or 0.13%, to 14,780.53.</p>\n<p>In earnings-related moves, BorgWarner Inc fell even as it beat profit expectations on strong consumer demand for new vehicles, while Kraft Heinz Co tumbled after warning of margin pressure from higher prices of ingredients.</p>\n<p><a href=\"https://laohu8.com/S/HOOD\">Robinhood Markets, Inc.</a> jumped 50.4% as interest from star fund manager Cathie Wood and small-time traders set up the stock for a fourth session of gains after its underwhelming market debut last week.</p>\n<p>Volume on U.S. exchanges was 9.78 billion shares, compared with the 9.71 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 2.02-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored decliners.</p>\n<p>The <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> posted 67 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 93 new highs and 107 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 Street closes mixed, S&P 500 ends off record high</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street closes mixed, S&P 500 ends off record high\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\">2021-08-05 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>GM slides despite posting quarterly profit</li>\n</ul>\n<ul>\n <li>Private payrolls growth slows as labor shortages linger</li>\n</ul>\n<ul>\n <li>Netflix, <a href=\"https://laohu8.com/S/FB\">Facebook</a> outperform</li>\n</ul>\n<ul>\n <li>Indexes: Dow off 0.92%, S&amp;P down 0.46%, Nasdaq up 0.13%</li>\n</ul>\n<p>Aug 4 (Reuters) - U.S. stocks closed mostly lower on Wednesday, with the S&amp;P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and <a href=\"https://laohu8.com/S/GM\">General Motors</a> tracked its worst day since early March.</p>\n<p>GM's shares slumped 8.9%, underscoring the uncertainty facing global automakers at a time of technological and economic disruption. Shares of rival <a href=\"https://laohu8.com/S/F\">Ford</a> fell 5.0%.</p>\n<p>Nine of the 11 S&amp;P indexes were lower, with industrials&nbsp;and energy&nbsp;both slipping, as data showed U.S. private payrolls increased far less than expected in July, likely constrained by shortages of workers and raw materials.</p>\n<p>The blue-chip Dow, heavily weighted toward economically-sensitive stocks, also declined.</p>\n<p>The technology-heavy Nasdaq&nbsp;bucked the trend after another report showed a measure of U.S. services industry activity jumped to a record high last month, suggesting a broader economic rebound was still on track.</p>\n<p>\"The ADP employment report this morning (is a) big miss ... has people really locked in on tomorrow's initial claims and then Friday's non-farm payrolls report,\" said Ross Mayfield, investment strategist at Baird in Louisville, Kentucky. \"To me that’s a big driver (of the market today).\"</p>\n<p>\"Broadly, the continued evolution of COVID-19, the Delta variant over the recent weeks and months kind of re-rating of the growth outlook\" has the market coming to terms with what it means for the reflation trade, and what it means to the bond market, Mayfield said.</p>\n<p>After six straight month of gains, the benchmark S&amp;P 500&nbsp;has struggled to rise in August over concerns about the pace of growth as the economy rebounded from the depths of the COVID-19-driven recession, and fears of higher inflation overshadowed a stellar corporate earnings season.</p>\n<p>Federal Reserve Vice Chair Richard Clarida said on Wednesday the central bank should be in the position to begin raising interest rates in 2023.</p>\n<p>Still, tech and tech-adjacent stocks such as <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> and <a href=\"https://laohu8.com/S/FB\">Facebook</a>, which tend to perform better when interest rates are lower, outperformed the broader market.</p>\n<p>Focus now turns to the Labor Department's monthly jobs report on Friday.</p>\n<p>The Dow Jones Industrial Average fell 323.73 points, or 0.92%, to 34,792.67, the S&amp;P 500&nbsp;lost 20.49 points, or 0.46%, to 4,402.66 and the Nasdaq Composite added 19.24 points, or 0.13%, to 14,780.53.</p>\n<p>In earnings-related moves, BorgWarner Inc fell even as it beat profit expectations on strong consumer demand for new vehicles, while Kraft Heinz Co tumbled after warning of margin pressure from higher prices of ingredients.</p>\n<p><a href=\"https://laohu8.com/S/HOOD\">Robinhood Markets, Inc.</a> jumped 50.4% as interest from star fund manager Cathie Wood and small-time traders set up the stock for a fourth session of gains after its underwhelming market debut last week.</p>\n<p>Volume on U.S. exchanges was 9.78 billion shares, compared with the 9.71 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 2.02-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored decliners.</p>\n<p>The <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> posted 67 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 93 new highs and 107 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KHC":"卡夫亨氏","BWA":"博格华纳","NFLX":"奈飞","F":"福特汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157483930","content_text":"GM slides despite posting quarterly profit\n\n\nPrivate payrolls growth slows as labor shortages linger\n\n\nNetflix, Facebook outperform\n\n\nIndexes: Dow off 0.92%, S&P down 0.46%, Nasdaq up 0.13%\n\nAug 4 (Reuters) - U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.\nGM's shares slumped 8.9%, underscoring the uncertainty facing global automakers at a time of technological and economic disruption. Shares of rival Ford fell 5.0%.\nNine of the 11 S&P indexes were lower, with industrials and energy both slipping, as data showed U.S. private payrolls increased far less than expected in July, likely constrained by shortages of workers and raw materials.\nThe blue-chip Dow, heavily weighted toward economically-sensitive stocks, also declined.\nThe technology-heavy Nasdaq bucked the trend after another report showed a measure of U.S. services industry activity jumped to a record high last month, suggesting a broader economic rebound was still on track.\n\"The ADP employment report this morning (is a) big miss ... has people really locked in on tomorrow's initial claims and then Friday's non-farm payrolls report,\" said Ross Mayfield, investment strategist at Baird in Louisville, Kentucky. \"To me that’s a big driver (of the market today).\"\n\"Broadly, the continued evolution of COVID-19, the Delta variant over the recent weeks and months kind of re-rating of the growth outlook\" has the market coming to terms with what it means for the reflation trade, and what it means to the bond market, Mayfield said.\nAfter six straight month of gains, the benchmark S&P 500 has struggled to rise in August over concerns about the pace of growth as the economy rebounded from the depths of the COVID-19-driven recession, and fears of higher inflation overshadowed a stellar corporate earnings season.\nFederal Reserve Vice Chair Richard Clarida said on Wednesday the central bank should be in the position to begin raising interest rates in 2023.\nStill, tech and tech-adjacent stocks such as Netflix and Facebook, which tend to perform better when interest rates are lower, outperformed the broader market.\nFocus now turns to the Labor Department's monthly jobs report on Friday.\nThe Dow Jones Industrial Average fell 323.73 points, or 0.92%, to 34,792.67, the S&P 500 lost 20.49 points, or 0.46%, to 4,402.66 and the Nasdaq Composite added 19.24 points, or 0.13%, to 14,780.53.\nIn earnings-related moves, BorgWarner Inc fell even as it beat profit expectations on strong consumer demand for new vehicles, while Kraft Heinz Co tumbled after warning of margin pressure from higher prices of ingredients.\nRobinhood Markets, Inc. jumped 50.4% as interest from star fund manager Cathie Wood and small-time traders set up the stock for a fourth session of gains after its underwhelming market debut last week.\nVolume on U.S. exchanges was 9.78 billion shares, compared with the 9.71 billion average for the full session over the last 20 trading days.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.02-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored decliners.\nThe S&P 500 posted 67 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 93 new highs and 107 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802527407,"gmtCreate":1627790203009,"gmtModify":1703495918562,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hu","listText":"Hu","text":"Hu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802527407","repostId":"2156165727","repostType":4,"repost":{"id":"2156165727","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1627771020,"share":"https://www.laohu8.com/m/news/2156165727?lang=&edition=full","pubTime":"2021-08-01 06:37","market":"hk","language":"en","title":"Home prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.","url":"https://stock-news.laohu8.com/highlight/detail?id=2156165727","media":"Dow Jones","summary":"'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage ","content":"<blockquote>\n 'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage market veteran.\n</blockquote>\n<p>U.S. home prices have been rising at a record annual pace , the absence of properties for sale, and the scramble by households for more space as families have fled to the suburbs during the pandemic.</p>\n<p>Can the good times last when the Federal Reserve finally cuts back on buying mortgage and Treasury bonds? Here's how mortgage rates and a less gargantuan central bank footprint could impact the heated U.S. housing market.</p>\n<p>\"The Fed is certainly talking and thinking about it,\" said Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, on the subject of how the Federal Reserve could scale back the central bank's $120 billion a month bond-buying program.</p>\n<p>But Jones also thinks tighter credit conditions, likely via higher borrowing rates as the Fed tapers its bond buying program, might end up being a saving grace for today's housing market.</p>\n<p>\"Housing prices could certainly pull back, after accelerating so fast,\" she said, pointing to households fighting over the few properties available to buy, while navigating work from home. \"At some point,\" she said, mortgage payments on high-priced homes \"become unsustainable with people's incomes.\"</p>\n<p>\"But I don't see a big housing debacle.\"</p>\n<p>How to pump the brakes on housing</p>\n<p>The central bank has maintained a large footprint in the mortgage market for more than a decade, but the worsening affordability crisis in the U.S. housing market led Fed officials to walk a tightrope recently when trying to explain its ongoing large-scale asset purchases during the pandemic recovery.</p>\n<p>Fed officials in recent weeks have expressed a fair bit of disagreement around the timing and pace of any scaling back of its large-scale asset purchases.</p>\n<p>St. Louis Fed President James Bullard said Friday the central bank should start to slow down its bond purchases this fall and finish by March , saying he thought financial markets \"are very well prepared\" for the reduction in purchases.</p>\n<p>During a midweek press briefing, Chairman Jerome Powell said tapering likely would start with agency mortgage-backed securities (MBS) and Treasury bonds at the same time, but also \"the idea of reducing\" mortgage exposure \"at a somewhat faster pace does have some traction with some people\".</p>\n<p>The blue line in the chart below traces the central bank's balance sheet</p>\n<p>As of July 29, the Fed was holding about 31% of the roughly $7.8 trillion agency MBS market, or housing bonds with government backing.</p>\n<p>\"You could make the case that the Fed owns almost <a href=\"https://laohu8.com/S/AONE.U\">one</a>-third of the agency mortgage bond market, and that it might make sense to loosen its grip,\" Jones said, particularly as Powell has played down a direct link between its MBS purchases and climbing home prices.</p>\n<p>It may now seem like a distant memory, but before the pandemic upheaval, that was precisely what the Fed was trying to do.</p>\n<p>\"Who would have thought,\" said Paul Jablansky, head of fixed income at Guardian Life Insurance, that the U.S. would be in the midst of \"one of the frothiest housing markets in history,\" following last year's extreme pandemic shutdowns that closed businesses, workplaces and national borders.</p>\n<p>\"Occasionally people ask, are we at the peak?\" said Jablansky, a 30-year veteran of the mortgage, and asset-backed and broader bond market. \"We are outside the balance of our experience, so it's very difficult to say we are at the peak,\" he told MarketWatch.</p>\n<p>\"I do think house price inflation will have to slow down dramatically. But maybe the biggest question is, can we see housing prices go negative? I think the Fed will work very, very hard to create a soft landing in house prices.\"</p>\n<p>Schwab's forecast has been for the Fed to kick things off by reducing its monthly asset purchases by $15 billion to $105 billion. That would mean cutting $10 billion from its current $80 billion monthly pace of Treasury purchases and $5 billion from its $40 billion monthly pace of MBS.</p>\n<p>\"So far, we haven't changed that,\" Jones told MarketWatch.</p>\n<p>While the Fed doesn't set long-term interest rates, its mass buying of Treasurys aims to keep a lid on borrowing costs. Treasury yields also inform the interest rate component of 30-year fixed-rate mortgages. So perhaps, scaling back both at once makes sense, Jones said.</p>\n<p>Misremembering the 2013 taper</p>\n<p>Fed Chair Powell said on Wednesday that the central bank's \"substantial further progress\" standard for unemployment and inflation in particular hasn't been met yet, while stressing that he'd like to see more progress in the jobs market before easing its monetary policy support for the economy.</p>\n<p>Powell also frequently has talked of lessons learned from the market upheaval of 2013, the so-called \"taper tantrum\" that rattled markets after the central bank began talking about taking away the punch bowl, as the economy healed from the Great Recession of 2008.</p>\n<p>\"What we need to remember,\" Jablansky said, is that markets sold off in anticipation of tapering, not the actual pull back in asset purchases. \"Later in the year, the period [former Fed Chair Ben] Bernanke was talking about, the Fed actually continued to buy assets, and the amount of accommodation it provided to the economy actually went up.\"</p>\n<p>Historically, the only stretch where the Fed has actively withdrawn its support occurred between 2017 and 2019, following its controversial, first foray into large-scale asset purchases to unfreeze credit markets post 2008.</p>\n<p>\"It's very difficult to draw a lot of conclusions from that real short period,\" Jablansky said. \"For us, the conclusion is that 2013 may be instructive, but the circumstances are really different.\"</p>\n<p>The message from Powell consistently has been about preserving \"maximum flexibility, but to go very slowly,\" said George Catrambone, head of Americas trading at asset manager <a href=\"https://laohu8.com/S/DWS.AU\">DWS</a> Group.</p>\n<p>Catrambone thinks that may be the right strategy, given the uncertain outlook on inflation, evidenced by, the recent spike in the cost of living , but also because of how significantly many of our lives have changed because of the pandemic.</p>\n<p>\"We know that a used car won't cost more than a new car forever,\" Catrambone said. \"Do I think the housing market slows down? It could. But you really need the supply, demand imbalance to abate. That could take a while.\"</p>\n<p>Extreme wildfires, drought and other shocks of climate change have been tied to $30 billion in property losses in the first half of 2021, while putting more patches of land and U.S. homes in the path of danger. While these were less frequent housing market topics in 2013, the pandemic also changed the whole notion of \"what is safe\" for many families.</p>\n<p>\"Migratory patterns tend to be sticky,\" Catrambone said, of the flight out of urban centers to suburbia.</p>\n<p>What's more, the delta variant fueling a new wave of COVID-19 cases and others, but also delayed plans by many big companies to return staff to offices buildings.</p>\n<p>\"This probably doesn't help occupancy rates for commercial real estate, with more people likely staying closer to home,\" Catrambone said, but it likely adds to the already high \"psychological value placed on housing.\"</p>\n<p>After touching record highs, the S&amp;P 500 index , Dow Jones Industrial Average and Nasdaq Composite Index closed Friday and the week lower, but booked monthly gains .</p>\n<p>On the U.S. economic data front, August kicks off with manufacturing and construction spending data, followed by motor vehicles sales, ADP employment and jobless claims, but the main focus of the week will be the monthly nonfarm payrolls report on Friday.</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>Home prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.</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\">\nHome prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-08-01 06:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n 'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage market veteran.\n</blockquote>\n<p>U.S. home prices have been rising at a record annual pace , the absence of properties for sale, and the scramble by households for more space as families have fled to the suburbs during the pandemic.</p>\n<p>Can the good times last when the Federal Reserve finally cuts back on buying mortgage and Treasury bonds? Here's how mortgage rates and a less gargantuan central bank footprint could impact the heated U.S. housing market.</p>\n<p>\"The Fed is certainly talking and thinking about it,\" said Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, on the subject of how the Federal Reserve could scale back the central bank's $120 billion a month bond-buying program.</p>\n<p>But Jones also thinks tighter credit conditions, likely via higher borrowing rates as the Fed tapers its bond buying program, might end up being a saving grace for today's housing market.</p>\n<p>\"Housing prices could certainly pull back, after accelerating so fast,\" she said, pointing to households fighting over the few properties available to buy, while navigating work from home. \"At some point,\" she said, mortgage payments on high-priced homes \"become unsustainable with people's incomes.\"</p>\n<p>\"But I don't see a big housing debacle.\"</p>\n<p>How to pump the brakes on housing</p>\n<p>The central bank has maintained a large footprint in the mortgage market for more than a decade, but the worsening affordability crisis in the U.S. housing market led Fed officials to walk a tightrope recently when trying to explain its ongoing large-scale asset purchases during the pandemic recovery.</p>\n<p>Fed officials in recent weeks have expressed a fair bit of disagreement around the timing and pace of any scaling back of its large-scale asset purchases.</p>\n<p>St. Louis Fed President James Bullard said Friday the central bank should start to slow down its bond purchases this fall and finish by March , saying he thought financial markets \"are very well prepared\" for the reduction in purchases.</p>\n<p>During a midweek press briefing, Chairman Jerome Powell said tapering likely would start with agency mortgage-backed securities (MBS) and Treasury bonds at the same time, but also \"the idea of reducing\" mortgage exposure \"at a somewhat faster pace does have some traction with some people\".</p>\n<p>The blue line in the chart below traces the central bank's balance sheet</p>\n<p>As of July 29, the Fed was holding about 31% of the roughly $7.8 trillion agency MBS market, or housing bonds with government backing.</p>\n<p>\"You could make the case that the Fed owns almost <a href=\"https://laohu8.com/S/AONE.U\">one</a>-third of the agency mortgage bond market, and that it might make sense to loosen its grip,\" Jones said, particularly as Powell has played down a direct link between its MBS purchases and climbing home prices.</p>\n<p>It may now seem like a distant memory, but before the pandemic upheaval, that was precisely what the Fed was trying to do.</p>\n<p>\"Who would have thought,\" said Paul Jablansky, head of fixed income at Guardian Life Insurance, that the U.S. would be in the midst of \"one of the frothiest housing markets in history,\" following last year's extreme pandemic shutdowns that closed businesses, workplaces and national borders.</p>\n<p>\"Occasionally people ask, are we at the peak?\" said Jablansky, a 30-year veteran of the mortgage, and asset-backed and broader bond market. \"We are outside the balance of our experience, so it's very difficult to say we are at the peak,\" he told MarketWatch.</p>\n<p>\"I do think house price inflation will have to slow down dramatically. But maybe the biggest question is, can we see housing prices go negative? I think the Fed will work very, very hard to create a soft landing in house prices.\"</p>\n<p>Schwab's forecast has been for the Fed to kick things off by reducing its monthly asset purchases by $15 billion to $105 billion. That would mean cutting $10 billion from its current $80 billion monthly pace of Treasury purchases and $5 billion from its $40 billion monthly pace of MBS.</p>\n<p>\"So far, we haven't changed that,\" Jones told MarketWatch.</p>\n<p>While the Fed doesn't set long-term interest rates, its mass buying of Treasurys aims to keep a lid on borrowing costs. Treasury yields also inform the interest rate component of 30-year fixed-rate mortgages. So perhaps, scaling back both at once makes sense, Jones said.</p>\n<p>Misremembering the 2013 taper</p>\n<p>Fed Chair Powell said on Wednesday that the central bank's \"substantial further progress\" standard for unemployment and inflation in particular hasn't been met yet, while stressing that he'd like to see more progress in the jobs market before easing its monetary policy support for the economy.</p>\n<p>Powell also frequently has talked of lessons learned from the market upheaval of 2013, the so-called \"taper tantrum\" that rattled markets after the central bank began talking about taking away the punch bowl, as the economy healed from the Great Recession of 2008.</p>\n<p>\"What we need to remember,\" Jablansky said, is that markets sold off in anticipation of tapering, not the actual pull back in asset purchases. \"Later in the year, the period [former Fed Chair Ben] Bernanke was talking about, the Fed actually continued to buy assets, and the amount of accommodation it provided to the economy actually went up.\"</p>\n<p>Historically, the only stretch where the Fed has actively withdrawn its support occurred between 2017 and 2019, following its controversial, first foray into large-scale asset purchases to unfreeze credit markets post 2008.</p>\n<p>\"It's very difficult to draw a lot of conclusions from that real short period,\" Jablansky said. \"For us, the conclusion is that 2013 may be instructive, but the circumstances are really different.\"</p>\n<p>The message from Powell consistently has been about preserving \"maximum flexibility, but to go very slowly,\" said George Catrambone, head of Americas trading at asset manager <a href=\"https://laohu8.com/S/DWS.AU\">DWS</a> Group.</p>\n<p>Catrambone thinks that may be the right strategy, given the uncertain outlook on inflation, evidenced by, the recent spike in the cost of living , but also because of how significantly many of our lives have changed because of the pandemic.</p>\n<p>\"We know that a used car won't cost more than a new car forever,\" Catrambone said. \"Do I think the housing market slows down? It could. But you really need the supply, demand imbalance to abate. That could take a while.\"</p>\n<p>Extreme wildfires, drought and other shocks of climate change have been tied to $30 billion in property losses in the first half of 2021, while putting more patches of land and U.S. homes in the path of danger. While these were less frequent housing market topics in 2013, the pandemic also changed the whole notion of \"what is safe\" for many families.</p>\n<p>\"Migratory patterns tend to be sticky,\" Catrambone said, of the flight out of urban centers to suburbia.</p>\n<p>What's more, the delta variant fueling a new wave of COVID-19 cases and others, but also delayed plans by many big companies to return staff to offices buildings.</p>\n<p>\"This probably doesn't help occupancy rates for commercial real estate, with more people likely staying closer to home,\" Catrambone said, but it likely adds to the already high \"psychological value placed on housing.\"</p>\n<p>After touching record highs, the S&amp;P 500 index , Dow Jones Industrial Average and Nasdaq Composite Index closed Friday and the week lower, but booked monthly gains .</p>\n<p>On the U.S. economic data front, August kicks off with manufacturing and construction spending data, followed by motor vehicles sales, ADP employment and jobless claims, but the main focus of the week will be the monthly nonfarm payrolls report on Friday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A","HBCP":"Home合众银行","MBB":"美国按揭抵押债券ETF-iShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156165727","content_text":"'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage market veteran.\n\nU.S. home prices have been rising at a record annual pace , the absence of properties for sale, and the scramble by households for more space as families have fled to the suburbs during the pandemic.\nCan the good times last when the Federal Reserve finally cuts back on buying mortgage and Treasury bonds? Here's how mortgage rates and a less gargantuan central bank footprint could impact the heated U.S. housing market.\n\"The Fed is certainly talking and thinking about it,\" said Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, on the subject of how the Federal Reserve could scale back the central bank's $120 billion a month bond-buying program.\nBut Jones also thinks tighter credit conditions, likely via higher borrowing rates as the Fed tapers its bond buying program, might end up being a saving grace for today's housing market.\n\"Housing prices could certainly pull back, after accelerating so fast,\" she said, pointing to households fighting over the few properties available to buy, while navigating work from home. \"At some point,\" she said, mortgage payments on high-priced homes \"become unsustainable with people's incomes.\"\n\"But I don't see a big housing debacle.\"\nHow to pump the brakes on housing\nThe central bank has maintained a large footprint in the mortgage market for more than a decade, but the worsening affordability crisis in the U.S. housing market led Fed officials to walk a tightrope recently when trying to explain its ongoing large-scale asset purchases during the pandemic recovery.\nFed officials in recent weeks have expressed a fair bit of disagreement around the timing and pace of any scaling back of its large-scale asset purchases.\nSt. Louis Fed President James Bullard said Friday the central bank should start to slow down its bond purchases this fall and finish by March , saying he thought financial markets \"are very well prepared\" for the reduction in purchases.\nDuring a midweek press briefing, Chairman Jerome Powell said tapering likely would start with agency mortgage-backed securities (MBS) and Treasury bonds at the same time, but also \"the idea of reducing\" mortgage exposure \"at a somewhat faster pace does have some traction with some people\".\nThe blue line in the chart below traces the central bank's balance sheet\nAs of July 29, the Fed was holding about 31% of the roughly $7.8 trillion agency MBS market, or housing bonds with government backing.\n\"You could make the case that the Fed owns almost one-third of the agency mortgage bond market, and that it might make sense to loosen its grip,\" Jones said, particularly as Powell has played down a direct link between its MBS purchases and climbing home prices.\nIt may now seem like a distant memory, but before the pandemic upheaval, that was precisely what the Fed was trying to do.\n\"Who would have thought,\" said Paul Jablansky, head of fixed income at Guardian Life Insurance, that the U.S. would be in the midst of \"one of the frothiest housing markets in history,\" following last year's extreme pandemic shutdowns that closed businesses, workplaces and national borders.\n\"Occasionally people ask, are we at the peak?\" said Jablansky, a 30-year veteran of the mortgage, and asset-backed and broader bond market. \"We are outside the balance of our experience, so it's very difficult to say we are at the peak,\" he told MarketWatch.\n\"I do think house price inflation will have to slow down dramatically. But maybe the biggest question is, can we see housing prices go negative? I think the Fed will work very, very hard to create a soft landing in house prices.\"\nSchwab's forecast has been for the Fed to kick things off by reducing its monthly asset purchases by $15 billion to $105 billion. That would mean cutting $10 billion from its current $80 billion monthly pace of Treasury purchases and $5 billion from its $40 billion monthly pace of MBS.\n\"So far, we haven't changed that,\" Jones told MarketWatch.\nWhile the Fed doesn't set long-term interest rates, its mass buying of Treasurys aims to keep a lid on borrowing costs. Treasury yields also inform the interest rate component of 30-year fixed-rate mortgages. So perhaps, scaling back both at once makes sense, Jones said.\nMisremembering the 2013 taper\nFed Chair Powell said on Wednesday that the central bank's \"substantial further progress\" standard for unemployment and inflation in particular hasn't been met yet, while stressing that he'd like to see more progress in the jobs market before easing its monetary policy support for the economy.\nPowell also frequently has talked of lessons learned from the market upheaval of 2013, the so-called \"taper tantrum\" that rattled markets after the central bank began talking about taking away the punch bowl, as the economy healed from the Great Recession of 2008.\n\"What we need to remember,\" Jablansky said, is that markets sold off in anticipation of tapering, not the actual pull back in asset purchases. \"Later in the year, the period [former Fed Chair Ben] Bernanke was talking about, the Fed actually continued to buy assets, and the amount of accommodation it provided to the economy actually went up.\"\nHistorically, the only stretch where the Fed has actively withdrawn its support occurred between 2017 and 2019, following its controversial, first foray into large-scale asset purchases to unfreeze credit markets post 2008.\n\"It's very difficult to draw a lot of conclusions from that real short period,\" Jablansky said. \"For us, the conclusion is that 2013 may be instructive, but the circumstances are really different.\"\nThe message from Powell consistently has been about preserving \"maximum flexibility, but to go very slowly,\" said George Catrambone, head of Americas trading at asset manager DWS Group.\nCatrambone thinks that may be the right strategy, given the uncertain outlook on inflation, evidenced by, the recent spike in the cost of living , but also because of how significantly many of our lives have changed because of the pandemic.\n\"We know that a used car won't cost more than a new car forever,\" Catrambone said. \"Do I think the housing market slows down? It could. But you really need the supply, demand imbalance to abate. That could take a while.\"\nExtreme wildfires, drought and other shocks of climate change have been tied to $30 billion in property losses in the first half of 2021, while putting more patches of land and U.S. homes in the path of danger. While these were less frequent housing market topics in 2013, the pandemic also changed the whole notion of \"what is safe\" for many families.\n\"Migratory patterns tend to be sticky,\" Catrambone said, of the flight out of urban centers to suburbia.\nWhat's more, the delta variant fueling a new wave of COVID-19 cases and others, but also delayed plans by many big companies to return staff to offices buildings.\n\"This probably doesn't help occupancy rates for commercial real estate, with more people likely staying closer to home,\" Catrambone said, but it likely adds to the already high \"psychological value placed on housing.\"\nAfter touching record highs, the S&P 500 index , Dow Jones Industrial Average and Nasdaq Composite Index closed Friday and the week lower, but booked monthly gains .\nOn the U.S. economic data front, August kicks off with manufacturing and construction spending data, followed by motor vehicles sales, ADP employment and jobless claims, but the main focus of the week will be the monthly nonfarm payrolls report on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860920221,"gmtCreate":1632124381563,"gmtModify":1676530705478,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Huhih","listText":"Huhih","text":"Huhih","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860920221","repostId":"1156524086","repostType":4,"isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890277885,"gmtCreate":1628122275047,"gmtModify":1703501519207,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/890277885","repostId":"1116621163","repostType":4,"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802524251,"gmtCreate":1627790113173,"gmtModify":1703495916774,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/802524251","repostId":"1153879814","repostType":4,"repost":{"id":"1153879814","pubTimestamp":1627784753,"share":"https://www.laohu8.com/m/news/1153879814?lang=&edition=full","pubTime":"2021-08-01 10:25","market":"sg","language":"en","title":"SIA, SIAE, Singtel potential candidates for company restructuring: Maybank","url":"https://stock-news.laohu8.com/highlight/detail?id=1153879814","media":"Singapore Business","summary":"Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play f","content":"<blockquote>\n <b><i>Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?</i></b>\n</blockquote>\n<p>Drivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore &amp; Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.</p>\n<p>According to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.</p>\n<p>Some Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.</p>\n<p>Maybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.</p>\n<p>Continued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.</p>","source":"lsy1618986048053","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>SIA, SIAE, Singtel potential candidates for company restructuring: Maybank</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\">\nSIA, SIAE, Singtel potential candidates for company restructuring: Maybank\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-01 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank><strong>Singapore Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of ...</p>\n\n<a href=\"https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C6L.SI":"新加坡航空公司"},"source_url":"https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153879814","content_text":"Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore & Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.\nAccording to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.\nSome Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.\nMaybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.\nContinued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812291797,"gmtCreate":1630589150119,"gmtModify":1676530348517,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hhhhhhhhhhhh","listText":"Hhhhhhhhhhhh","text":"Hhhhhhhhhhhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812291797","isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804117163,"gmtCreate":1627945416752,"gmtModify":1703498163891,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hihu","listText":"Hihu","text":"Hihu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804117163","repostId":"1107596279","repostType":4,"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808329809,"gmtCreate":1627558857801,"gmtModify":1703492341883,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hello&nbsp;","listText":"Hello&nbsp;","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/808329809","repostId":"1165497040","repostType":2,"repost":{"id":"1165497040","pubTimestamp":1627542522,"share":"https://www.laohu8.com/m/news/1165497040?lang=&edition=full","pubTime":"2021-07-29 15:08","market":"us","language":"en","title":"Amazon Reports Earnings Thursday. Expect a Blowout.","url":"https://stock-news.laohu8.com/highlight/detail?id=1165497040","media":"Barrons","summary":"Amazon reports earnings after Thursday’s closing bell. Expect a blowout.Another is that Amazon’s competitors have already reported solid numbers.Shopify, arguably one of the company’s most important rivals in e-commerce,posted better-than-expected results for the June quarter, noting that sustained digital commerce trends and U.S. stimulus checks in March and April drove revenues above expectations. Strong reports from Alphabet,Snap and Twitter suggest Amazon will post accelerating growth in its","content":"<p>Amazon reports earnings after Thursday’s closing bell. Expect a blowout.</p>\n<p>For the June quarter, the tech giant has projected sales of $110 billion to $116 billion, with operating income in the $4.5 billion-to-$8 billion range. Wall Street consensus calls for sales of $115.4 billion, operating income of $7.8 billion, and earnings of $12.28 a share.</p>\n<p>There are several reasons why the Street numbers might be too low.</p>\n<p>For one, Amazon (ticker: AMZN)&nbsp;has beat expectations&nbsp;in every quarter since the start of the pandemic—in fact, for 10 quarters in a row.</p>\n<p>Another is that Amazon’s competitors have already reported solid numbers.Shopify(SHOP), arguably one of the company’s most important rivals in e-commerce,posted better-than-expected results for the June quarter, noting that sustained digital commerce trends and U.S. stimulus checks in March and April drove revenues above expectations. Strong reports from&nbsp;Alphabet,Snap&nbsp;and&nbsp;Twitter&nbsp;suggest Amazon will post accelerating growth in its underappreciated advertising business. And the&nbsp;strength in the cloud business at Microsoft&nbsp;bodes well for Amazon Web Services.</p>\n<p>Street estimates call for Amazon to post $57.3 billion in online sales, up 25%; $24.8 billion in third-party sellers services, up 36%; $14.3 billion from AWS, up 32%; $7.9 billion in subscription services, up 36%; $7 billion in “other” revenue, which is mostly advertising, up 66%; and $3.9 billion in physical stores revenue, up 3%.</p>\n<p>Plus, there are a couple of other factors at play. This will be the first quarter for Amazon since Jeff Bezos turned over the CEO reins to Andy Jassy. Bezos didn’t typically participate in the company’s quarterly earnings calls with analysts, leaving that job to CFO Brian OIsavky; it remains to be seen if Jassy will make an appearance this year. Also, Amazon finds itself at the heart of the debate—in Washington and elsewhere—over the power of tech companies, and now faces an in-depth investigation by the Federal Trade Commission over&nbsp;its proposed acquisition of the film studio MGM.Amazon has requested&nbsp;that FTC Chair Lina Khan recuse herself from any matters involving Amazon given her past criticisms of the company.</p>\n<p></p>\n<p>Investors also will be watching for clues on how the company expects the pandemic and a return to a more normal economy will impact results for the rest of the year. Street estimates for the September quarter call for revenue of $118.6 billion and profits of $12.97 a share.</p>\n<p>In a research note, MKM Partners analyst Rohit Kulkarni points out that Amazon has underperformed both Alphabet and&nbsp;Facebook&nbsp;shares this year. He thinks the stock has been weighed down by ongoing debate about the true strength of this year’s&nbsp;Prime Day&nbsp;sales event, as well as ongoing questions about the outlook for e-commerce as supplemental U.S. unemployment benefits lapse in September. Nonetheless, Kulkarni thinks that advertising, Amazon Prime subscriptions, and AWS will together drive upside to both second-quarter results and guidance, and he continues to consider Amazon his best pick among the big internet stocks. Kulkarni keeps his Buy rating and $4,075 target price.</p>\n<p>Evercore ISI analyst Mark Mahaney maintains an Outperform rating and $4,500 target price. He thinks Street estimates for the second quarter “look largely reasonable,” although he has some concerns that the Street might be too bullish on the third quarter, in particular given Prime Day this year shifted into the second quarter.</p>\n<p>Monness Crespi White analyst Brian White notes that Amazon shares have been “range bound” over the past few months, but he thinks the company is “uniquely positioned” to exit the pandemic as one of the biggest beneficiaries of the digital transformation trend. White asserts that “the company’s growth path is very attractive across the e-commerce segment, AWS, digital media, advertising, Alexa and more.” White maintains his Buy rating and $4,500 target price.</p>\n<p>On Wednesday, Amazon shares were up 0.1%, to $3,630.32.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Reports Earnings Thursday. Expect a Blowout.</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\">\nAmazon Reports Earnings Thursday. Expect a Blowout.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-29 15:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-earnings-51627497584?mod=hp_LEADSUPP_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon reports earnings after Thursday’s closing bell. Expect a blowout.\nFor the June quarter, the tech giant has projected sales of $110 billion to $116 billion, with operating income in the $4.5 ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-earnings-51627497584?mod=hp_LEADSUPP_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-earnings-51627497584?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165497040","content_text":"Amazon reports earnings after Thursday’s closing bell. Expect a blowout.\nFor the June quarter, the tech giant has projected sales of $110 billion to $116 billion, with operating income in the $4.5 billion-to-$8 billion range. Wall Street consensus calls for sales of $115.4 billion, operating income of $7.8 billion, and earnings of $12.28 a share.\nThere are several reasons why the Street numbers might be too low.\nFor one, Amazon (ticker: AMZN) has beat expectations in every quarter since the start of the pandemic—in fact, for 10 quarters in a row.\nAnother is that Amazon’s competitors have already reported solid numbers.Shopify(SHOP), arguably one of the company’s most important rivals in e-commerce,posted better-than-expected results for the June quarter, noting that sustained digital commerce trends and U.S. stimulus checks in March and April drove revenues above expectations. Strong reports from Alphabet,Snap and Twitter suggest Amazon will post accelerating growth in its underappreciated advertising business. And the strength in the cloud business at Microsoft bodes well for Amazon Web Services.\nStreet estimates call for Amazon to post $57.3 billion in online sales, up 25%; $24.8 billion in third-party sellers services, up 36%; $14.3 billion from AWS, up 32%; $7.9 billion in subscription services, up 36%; $7 billion in “other” revenue, which is mostly advertising, up 66%; and $3.9 billion in physical stores revenue, up 3%.\nPlus, there are a couple of other factors at play. This will be the first quarter for Amazon since Jeff Bezos turned over the CEO reins to Andy Jassy. Bezos didn’t typically participate in the company’s quarterly earnings calls with analysts, leaving that job to CFO Brian OIsavky; it remains to be seen if Jassy will make an appearance this year. Also, Amazon finds itself at the heart of the debate—in Washington and elsewhere—over the power of tech companies, and now faces an in-depth investigation by the Federal Trade Commission over its proposed acquisition of the film studio MGM.Amazon has requested that FTC Chair Lina Khan recuse herself from any matters involving Amazon given her past criticisms of the company.\n\nInvestors also will be watching for clues on how the company expects the pandemic and a return to a more normal economy will impact results for the rest of the year. Street estimates for the September quarter call for revenue of $118.6 billion and profits of $12.97 a share.\nIn a research note, MKM Partners analyst Rohit Kulkarni points out that Amazon has underperformed both Alphabet and Facebook shares this year. He thinks the stock has been weighed down by ongoing debate about the true strength of this year’s Prime Day sales event, as well as ongoing questions about the outlook for e-commerce as supplemental U.S. unemployment benefits lapse in September. Nonetheless, Kulkarni thinks that advertising, Amazon Prime subscriptions, and AWS will together drive upside to both second-quarter results and guidance, and he continues to consider Amazon his best pick among the big internet stocks. Kulkarni keeps his Buy rating and $4,075 target price.\nEvercore ISI analyst Mark Mahaney maintains an Outperform rating and $4,500 target price. He thinks Street estimates for the second quarter “look largely reasonable,” although he has some concerns that the Street might be too bullish on the third quarter, in particular given Prime Day this year shifted into the second quarter.\nMonness Crespi White analyst Brian White notes that Amazon shares have been “range bound” over the past few months, but he thinks the company is “uniquely positioned” to exit the pandemic as one of the biggest beneficiaries of the digital transformation trend. White asserts that “the company’s growth path is very attractive across the e-commerce segment, AWS, digital media, advertising, Alexa and more.” White maintains his Buy rating and $4,500 target price.\nOn Wednesday, Amazon shares were up 0.1%, to $3,630.32.","news_type":1},"isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809766769,"gmtCreate":1627393533051,"gmtModify":1703489051384,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"hi there 77","listText":"hi there 77","text":"hi there 77","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809766769","isVote":1,"tweetType":1,"viewCount":46,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860920634,"gmtCreate":1632124296928,"gmtModify":1676530705469,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hhhhhhhhh","listText":"Hhhhhhhhh","text":"Hhhhhhhhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860920634","repostId":"1126176538","repostType":4,"repost":{"id":"1126176538","pubTimestamp":1632123201,"share":"https://www.laohu8.com/m/news/1126176538?lang=&edition=full","pubTime":"2021-09-20 15:33","market":"us","language":"zh","title":"美股恐进一步回落！“财政版”减码真正让美国经济痛苦","url":"https://stock-news.laohu8.com/highlight/detail?id=1126176538","media":"汇通网","summary":"9月19日，市场分析师Rich Miller撰文称，美联储“减码年”即将到来，但真正让经济痛楚的却会是财政支持的收缩。美联储尚未公布的减码计划一直是美国金融市场热议话题，这掩盖了一件重要的事情：联邦政","content":"<p>9月19日，市场分析师Rich&nbsp;Miller撰文称，美联储“减码年”即将到来，但真正让经济痛楚的却会是财政支持的收缩。美联储尚未公布的减码计划一直是美国金融市场热议话题，这掩盖了一件重要的事情：联邦政府已经在削减预算支持，而这对明年经济增长的影响恐怕会大得多。</p>\n<p><img src=\"https://static.tigerbbs.com/584572a2c309b1fb840f8edea36aeea2\" tg-width=\"640\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>财政支持的收缩打击美国经济</p>\n<p>美国经济增速势将在2022年下半年大幅放缓，因为政府在疫情期间实施的经济支持措施--从发放给家庭现金支票，到提供给小公司无成本融资，正在渐渐撤出。</p>\n<p>即使美国总统拜登设法赢得了国会对3.5万亿美元经济重建计划的批准，情况也不会得到改变。因为这是一项长期支出计划，对2022年影响是有限的。另外，该计划至少部分资金来源是加税，会拖累而非推动美国的经济增长。</p>\n<p>美国政府花费创纪录的资金支撑疫情期间的美国经济，撤销的话将导致巨大的财政悬崖。图中蓝色柱代表财政政策对美国GDP的贡献，而红色柱代表预测2022年将对经济造成拖累</p>\n<p><img src=\"https://static.tigerbbs.com/84c3a2042aa56ba3b9e392928449bd93\" tg-width=\"526\" tg-height=\"314\" referrerpolicy=\"no-referrer\"></p>\n<p>“美国经济不见增长”</p>\n<p>布鲁金斯学会(Brookings&nbsp;Institution)汉密尔顿项目主任Wendy&nbsp;Edelberg称，预计2022年末和进入2023年，美国的经济增长率会非常低。即便有些季度经济基本上不见增长，她也不会惊讶。</p>\n<p>预测美国经济急剧放缓的不只有她一个。<b><a href=\"https://laohu8.com/S/GS\">高盛</a>首席经济学家Jan&nbsp;Hatzius预测，到2022年年底美国经济将以1.5%的速度增长，低于2021年5.7%的增速。</b></p>\n<p>经济减速对将美股推上纪录高位的投资者而言可谓噩耗。</p>\n<p>美国经济减速也可能给拜登和国会民主党议员带来麻烦，特别是同时失业率还上升的话，因为他们寻求在2022年11月中期选举中保住微弱多数席位。不过，多数经济学家预计美国的失业率不会上升。</p>\n<p>经济减速有一个潜在好处：降低通胀。今年以来受供应链瓶颈和消费需求回暖影响，价格水平大幅上升。Edelberg称：“我们需要降降温，因为美国的快速反弹到明年年中将把劳动力市场和经济推向极限。”</p>\n<p>财政政策逆风</p>\n<p>美联储主席鲍威尔曾表示，美联储可能今年开始收缩购债规模。整个购债计划可能到2022年某个时候才会结束，在此之前美联储将继续支持经济和金融市场。</p>\n<p>财政政策不然，它已经开始对美国经济构成拖累。<b>据布鲁金斯学会Hutchins中心估算，联邦、州和地方政府税收支出政策的经济影响已经在第二季度变为负值，这种情况将持续到2023年。</b></p>\n<p>如下图所示，接下来的财政减码程度将是美国历史上最大的</p>\n<p><img src=\"https://static.tigerbbs.com/3044289cfd275999b160e8323f67340f\" tg-width=\"500\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p>\n<p><a href=\"https://laohu8.com/S/MCO\">穆迪</a>首席经济学家Mark&nbsp;Zandi表示：“财政政策已经开始从顺风变成逆风，到明年春这股逆风会变得非常严重。如果没有任何额外的财政支持，2022年选举日前经济会感觉有些脆弱。”</p>\n<p><b>投资者开始担心经济即将放缓。<a href=\"https://laohu8.com/S/BAC\">美国银行</a>最新的全球基金经理调查显示，他们对美国经济前景看法的乐观程度明显下降。</b></p>\n<p>汇通网提醒，&nbsp;市场预期美联储本周将释放削减购债的信号，11月或者12月采取行动，但综合以上信息可以看到，美国政府缩减财政支持将真正打击美国的经济，特别是在疫情持续的情况下，这可能打击创纪录的美股，未来面临大幅回调的风险，投资者需保持警惕。</p>\n<p><img src=\"https://static.tigerbbs.com/52aadd728673a22a44349727b9b3cca2\" tg-width=\"1250\" tg-height=\"594\" referrerpolicy=\"no-referrer\"></p>\n<p>(标普500指数日线图）</p>","source":"HTW","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>美股恐进一步回落！“财政版”减码真正让美国经济痛苦</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美股恐进一步回落！“财政版”减码真正让美国经济痛苦\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-20 15:33 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.fx678.com/C/20210920/202109201343162079.html><strong>汇通网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>9月19日，市场分析师Rich Miller撰文称，美联储“减码年”即将到来，但真正让经济痛楚的却会是财政支持的收缩。美联储尚未公布的减码计划一直是美国金融市场热议话题，这掩盖了一件重要的事情：联邦政府已经在削减预算支持，而这对明年经济增长的影响恐怕会大得多。\n\n财政支持的收缩打击美国经济\n美国经济增速势将在2022年下半年大幅放缓，因为政府在疫情期间实施的经济支持措施--从发放给家庭现金支票，到...</p>\n\n<a href=\"https://www.fx678.com/C/20210920/202109201343162079.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.fx678.com/C/20210920/202109201343162079.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126176538","content_text":"9月19日，市场分析师Rich Miller撰文称，美联储“减码年”即将到来，但真正让经济痛楚的却会是财政支持的收缩。美联储尚未公布的减码计划一直是美国金融市场热议话题，这掩盖了一件重要的事情：联邦政府已经在削减预算支持，而这对明年经济增长的影响恐怕会大得多。\n\n财政支持的收缩打击美国经济\n美国经济增速势将在2022年下半年大幅放缓，因为政府在疫情期间实施的经济支持措施--从发放给家庭现金支票，到提供给小公司无成本融资，正在渐渐撤出。\n即使美国总统拜登设法赢得了国会对3.5万亿美元经济重建计划的批准，情况也不会得到改变。因为这是一项长期支出计划，对2022年影响是有限的。另外，该计划至少部分资金来源是加税，会拖累而非推动美国的经济增长。\n美国政府花费创纪录的资金支撑疫情期间的美国经济，撤销的话将导致巨大的财政悬崖。图中蓝色柱代表财政政策对美国GDP的贡献，而红色柱代表预测2022年将对经济造成拖累\n\n“美国经济不见增长”\n布鲁金斯学会(Brookings Institution)汉密尔顿项目主任Wendy Edelberg称，预计2022年末和进入2023年，美国的经济增长率会非常低。即便有些季度经济基本上不见增长，她也不会惊讶。\n预测美国经济急剧放缓的不只有她一个。高盛首席经济学家Jan Hatzius预测，到2022年年底美国经济将以1.5%的速度增长，低于2021年5.7%的增速。\n经济减速对将美股推上纪录高位的投资者而言可谓噩耗。\n美国经济减速也可能给拜登和国会民主党议员带来麻烦，特别是同时失业率还上升的话，因为他们寻求在2022年11月中期选举中保住微弱多数席位。不过，多数经济学家预计美国的失业率不会上升。\n经济减速有一个潜在好处：降低通胀。今年以来受供应链瓶颈和消费需求回暖影响，价格水平大幅上升。Edelberg称：“我们需要降降温，因为美国的快速反弹到明年年中将把劳动力市场和经济推向极限。”\n财政政策逆风\n美联储主席鲍威尔曾表示，美联储可能今年开始收缩购债规模。整个购债计划可能到2022年某个时候才会结束，在此之前美联储将继续支持经济和金融市场。\n财政政策不然，它已经开始对美国经济构成拖累。据布鲁金斯学会Hutchins中心估算，联邦、州和地方政府税收支出政策的经济影响已经在第二季度变为负值，这种情况将持续到2023年。\n如下图所示，接下来的财政减码程度将是美国历史上最大的\n\n穆迪首席经济学家Mark Zandi表示：“财政政策已经开始从顺风变成逆风，到明年春这股逆风会变得非常严重。如果没有任何额外的财政支持，2022年选举日前经济会感觉有些脆弱。”\n投资者开始担心经济即将放缓。美国银行最新的全球基金经理调查显示，他们对美国经济前景看法的乐观程度明显下降。\n汇通网提醒， 市场预期美联储本周将释放削减购债的信号，11月或者12月采取行动，但综合以上信息可以看到，美国政府缩减财政支持将真正打击美国的经济，特别是在疫情持续的情况下，这可能打击创纪录的美股，未来面临大幅回调的风险，投资者需保持警惕。\n\n(标普500指数日线图）","news_type":1},"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814526350,"gmtCreate":1630848068670,"gmtModify":1676530405250,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"hello","htmlText":"Hhhhhhhhhhhhhbhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh","listText":"Hhhhhhhhhhhhhbhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh","text":"Hhhhhhhhhhhhhbhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/814526350","isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898629601,"gmtCreate":1628494681503,"gmtModify":1703507025180,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898629601","repostId":"1100440711","repostType":4,"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804180516,"gmtCreate":1627945464235,"gmtModify":1703498165391,"author":{"id":"4089869254726910","authorId":"4089869254726910","name":"ddddffff","avatar":"https://static.tigerbbs.com/7a934a4b44581b5915a2c43e36913a8a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hello&nbsp;","listText":"Hello&nbsp;","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804180516","repostId":"2156116807","repostType":4,"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}