TKY1978 personal page - To The Moon

TKY1978

TKY1978

No personal profile

229Follow

35Followers

2Topic

0Badge

2023-03-29

[Smile] [Smile]

Singapore Stocks to Watch: Sembmarine, Straits Trading, Keong Hong

2023-03-22

[Smile]

US STOCKS-Wall Street Ends Green on Bank Bounce As Fed Takes Focus

2023-03-18

[Smile]

YouTube TV Hikes Prices To $72.99 A Month, Citing High Content Costs

2023-03-18

[Smile]

Looking for More Dividends? Here Are 4 Stocks That Paid Out More Last Year

2023-03-18

[Smile]

U.S. Stocks Set For Wild Swings As Trillions In Options Contracts Set To Expire Friday

2023-03-18

[Smile]

First Republic Gets $30 Billion of Fresh Deposits in Bank Rescue

2023-03-18

[Smile]

Are Banks on the Edge of Another 2008-Style Precipice?

2023-03-11

[Smile]

Short Sellers Make $500 Million on SVB’s Demise. Collecting Won’t Be Easy

2023-03-11

[Smile]

Why Coinbase Global Stock Plummeted by 8% Friday

2023-03-11

[Smile]

Reminder: U.S. Daylight Saving Time Begins on Sunday, March 12, 2023

2023-03-11

[Smile]

Banking Regulators Shutter SVB, Collapse Unnerves Investors

2023-03-11

[Smile]

Jobs Report, Bank Failure Complicate Outlook on Interest Rates

2023-03-10

[Smile]

Inflation Is Stickier Than Previously Thought, NY Fed Study Shows

2023-03-10

[Smile]

Elon Musk Is Planning a Texas Utopia—His Own Town

2023-03-10

[Smile]

Silicon Valley Bank Scrambles to Reassure Clients After 60% Stock Wipe-Out

2023-03-10

[Smile]

10 Banks That May Face Trouble in the Wake of the SVB Financial Group Debacle

2023-03-10

[Smile]

Nasdaq 100 (And QQQ) May Be Heading To A New Low

2023-03-09

[Smile]

Is Apple a Safe Stock for 2023?

2023-03-08

[Smile]

Palantir Lands $99.6 Mln Deal With U.S. State Department

2023-03-05

[Smile]

Why The Market Could Drop By Another 20%-25%

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":4094852596308640,"uuid":"4094852596308640","gmtCreate":1631756739386,"gmtModify":1634979439392,"name":"TKY1978","pinyin":"tky1978","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":35,"headSize":229,"tweetSize":269,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":2,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.02.23","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"774ec6f7ffe24a9989b2ca2e139f4b37-1","templateUuid":"774ec6f7ffe24a9989b2ca2e139f4b37","name":"Argentinian Tiger","description":"Joined related football topic in the Tiger community","bigImgUrl":"https://community-static.tradeup.com/news/c4b9257022d333bf6d664b757ae424bf","smallImgUrl":"https://community-static.tradeup.com/news/c4b9257022d333bf6d664b757ae424bf","grayImgUrl":null,"redirectLinkEnabled":0,"redirectLink":"https://ttm.financial/TW/9928304122","hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":2,"allocatedDate":"2022.12.18","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":4001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.11.18","exceedPercentage":"93.86%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.06.09","exceedPercentage":"80.28%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":6,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":5,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":9941181808,"gmtCreate":1680053504104,"gmtModify":1680053508015,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;[Smile]&nbsp;","listText":"[Smile]&nbsp;[Smile]&nbsp;","text":"[Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941181808","repostId":"1184012841","repostType":2,"repost":{"id":"1184012841","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1680050329,"share":"https://www.laohu8.com/m/news/1184012841?lang=&edition=full","pubTime":"2023-03-29 08:38","market":"sg","language":"en","title":"Singapore Stocks to Watch: Sembmarine, Straits Trading, Keong Hong","url":"https://stock-news.laohu8.com/highlight/detail?id=1184012841","media":"Tiger Newspress","summary":"The following companies saw new developments that may affect trading of their securities on Wednesda","content":"<html><head></head><body><p>The following companies saw new developments that may affect trading of their securities on Wednesday (Mar 29):</p><p><b>Sembcorp Marine</b>, on March 29, says the preliminary administrative proceedings against its Brazilian subsidiary Estaleiro Jurong Aracruz Ltda (EJA) is related to the “past conduct” investigated by the Brazilian authorities in connection with Operation Car Wash.</p><p>On March 24, the company announced that the Comptroller General of the Union (CGU) had begun a “preliminary administrative liability proceeding” against EJA for the investigation of alleged irregularities practised by SembMarine’s Brazilian subsidiary.</p><p>Diversified investment company<b> </b><b>Straits Trading</b> wants to adopt a scrip dividend scheme that will allow shareholders to opt for dividend payouts in new shares, instead of cash.</p><p>“The scrip dividend scheme will enable eligible shareholders to reinvest in the company and further their participation in the equity capital,” Straits Trading said in a Tuesday (Mar 28) bourse filing, adding that this would not incur brokerage fees, or transaction and other related costs.</p><p>Keong Hong Construction, a wholly-owned unit of <b>Keong Hong Holdings,</b> has secured a S$118 million tender for main contract works at Cecil Street.</p><p>The tender, awarded by Solitaire Cecil, involves the proposed erection of a 20-storey office building, with restaurants on the first floor and a basement carpark, the company said in a Tuesday (Mar 28) filing. The construction period is 35 months, commencing in May.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stocks to Watch: Sembmarine, Straits Trading, Keong Hong</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stocks to Watch: Sembmarine, Straits Trading, Keong Hong\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-03-29 08:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The following companies saw new developments that may affect trading of their securities on Wednesday (Mar 29):</p><p><b>Sembcorp Marine</b>, on March 29, says the preliminary administrative proceedings against its Brazilian subsidiary Estaleiro Jurong Aracruz Ltda (EJA) is related to the “past conduct” investigated by the Brazilian authorities in connection with Operation Car Wash.</p><p>On March 24, the company announced that the Comptroller General of the Union (CGU) had begun a “preliminary administrative liability proceeding” against EJA for the investigation of alleged irregularities practised by SembMarine’s Brazilian subsidiary.</p><p>Diversified investment company<b> </b><b>Straits Trading</b> wants to adopt a scrip dividend scheme that will allow shareholders to opt for dividend payouts in new shares, instead of cash.</p><p>“The scrip dividend scheme will enable eligible shareholders to reinvest in the company and further their participation in the equity capital,” Straits Trading said in a Tuesday (Mar 28) bourse filing, adding that this would not incur brokerage fees, or transaction and other related costs.</p><p>Keong Hong Construction, a wholly-owned unit of <b>Keong Hong Holdings,</b> has secured a S$118 million tender for main contract works at Cecil Street.</p><p>The tender, awarded by Solitaire Cecil, involves the proposed erection of a 20-storey office building, with restaurants on the first floor and a basement carpark, the company said in a Tuesday (Mar 28) filing. The construction period is 35 months, commencing in May.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"S51.SI":"海庭","5TT.SI":"强枫","S20.SI":"海峡贸易有限公司."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184012841","content_text":"The following companies saw new developments that may affect trading of their securities on Wednesday (Mar 29):Sembcorp Marine, on March 29, says the preliminary administrative proceedings against its Brazilian subsidiary Estaleiro Jurong Aracruz Ltda (EJA) is related to the “past conduct” investigated by the Brazilian authorities in connection with Operation Car Wash.On March 24, the company announced that the Comptroller General of the Union (CGU) had begun a “preliminary administrative liability proceeding” against EJA for the investigation of alleged irregularities practised by SembMarine’s Brazilian subsidiary.Diversified investment company Straits Trading wants to adopt a scrip dividend scheme that will allow shareholders to opt for dividend payouts in new shares, instead of cash.“The scrip dividend scheme will enable eligible shareholders to reinvest in the company and further their participation in the equity capital,” Straits Trading said in a Tuesday (Mar 28) bourse filing, adding that this would not incur brokerage fees, or transaction and other related costs.Keong Hong Construction, a wholly-owned unit of Keong Hong Holdings, has secured a S$118 million tender for main contract works at Cecil Street.The tender, awarded by Solitaire Cecil, involves the proposed erection of a 20-storey office building, with restaurants on the first floor and a basement carpark, the company said in a Tuesday (Mar 28) filing. The construction period is 35 months, commencing in May.","news_type":1},"isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943649857,"gmtCreate":1679440133479,"gmtModify":1679440137589,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943649857","repostId":"2321670854","repostType":2,"repost":{"id":"2321670854","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":1679428829,"share":"https://www.laohu8.com/m/news/2321670854?lang=&edition=full","pubTime":"2023-03-22 04:00","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Green on Bank Bounce As Fed Takes Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=2321670854","media":"Reuters","summary":"Wall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking secto","content":"<html><head></head><body><p>Wall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking sector abated and market participants eyed the Federal Reserve, which is expected to conclude its two-day policy meeting on Wednesday with a 25 basis-point hike to its policy rate.</p><p>All three major U.S. stock indexes were bright green as the session closed, with smallcaps, energy and financials enjoying the most sizable gains.</p><p>A one-two punch of regional bank failures last week, followed by the rescue of $First Republic Bank(FRC-N)$ and the takeover of Credit Suisse, sparked a rout in banking stocks and fueled worries of contagion in the financial sector which, in turn, heightened global anxieties over the growing possibility of recession.</p><p>But banking stocks bounced back on Tuesday, building on Monday&#39;s reversal. Still, despite its recent resurgence, the S&amp;P banks index has lost nearly 18% of its value just this month.</p><p>Both the SPXBK and the KBW Regional Banking index marked their biggest one-day percentage jumps in months.</p><p>&#34;The stock market is coming to a recognition that the banking crisis wasn&#39;t a crisis after all, and was isolated to a handful of banks,&#34; said Oliver Pursche, senior vice president at Wealthspire Advisors in New York. &#34;Both the public and the private sector have shown they are more than able to backstop and shore up weak institutions.&#34;</p><p>Treasury Secretary Janet Yellen, in prepared remarks before the American Bankers Association, said the U.S. banking system has stabilized due to decisive actions from regulators, but warned more action might be required.</p><p>Attention now shifts to the Fed, which has gathered for its two-day monetary policy meeting, at which the members of the Federal Open Markets Committee <a href=\"https://laohu8.com/S/FOMC\">$(FOMC)$</a> will revisit their economic projections and, in all likelihood, implement another increase to the Fed funds target rate in their ongoing battle against inflation.</p><p>&#34;The Fed will raise interest rates by 25 basis points and the market won&#39;t care,&#34; Pursche added. &#34;It will all be about (Chairman Jerome) Powell&#39;s statement on the economy and inflation, and if he can do a good enough job convincing the public that the banking noise&#34; can be attributed to bad management on the part of a few banks.</p><p>At last glance, financial markets have now priced in an 83.4% likelihood of a 25 basis-point rate hike, and a 16.6% probability that the central bank will leave its policy rate unchanged, according to CME&#39;s FedWatch tool.</p><p>Economic data released early in the session showed a 14.5% jump in existing home sales, blasting past expectations and snapping a 12-month losing streak.</p><p>According to preliminary data, the S&amp;P 500 gained 50.84 points, or 1.29%, to end at 4,002.41 points, while the Nasdaq Composite gained 181.47 points, or 1.55%, to 11,860.04. The Dow Jones Industrial Average rose 313.36 points, or 0.97%, to 32,566.44.</p><p>Shares of <a href=\"https://laohu8.com/S/FRCDL\">First Republic Bank</a> saw their biggest-ever one-day percentage jump as JPMorgan CEO Jamie Dimon leads talks with other big banks aimed at investing in the lender, according to the Wall Street Journal. Peers <a href=\"https://laohu8.com/S/PACW\">PacWest Bancorp</a> and Western Alliance Bancorp also surged.</p><p>Tesla Inc advanced after the electric automaker appeared on track to report one of its best quarters in China, according to car registration data.</p><p><img src=\"https://static.tigerbbs.com/b7948a6ab28102cd1434626ac859aa85\" tg-width=\"1080\" tg-height=\"1920\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Green on Bank Bounce As Fed Takes Focus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Green on Bank Bounce As Fed Takes Focus\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\">2023-03-22 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking sector abated and market participants eyed the Federal Reserve, which is expected to conclude its two-day policy meeting on Wednesday with a 25 basis-point hike to its policy rate.</p><p>All three major U.S. stock indexes were bright green as the session closed, with smallcaps, energy and financials enjoying the most sizable gains.</p><p>A one-two punch of regional bank failures last week, followed by the rescue of $First Republic Bank(FRC-N)$ and the takeover of Credit Suisse, sparked a rout in banking stocks and fueled worries of contagion in the financial sector which, in turn, heightened global anxieties over the growing possibility of recession.</p><p>But banking stocks bounced back on Tuesday, building on Monday&#39;s reversal. Still, despite its recent resurgence, the S&amp;P banks index has lost nearly 18% of its value just this month.</p><p>Both the SPXBK and the KBW Regional Banking index marked their biggest one-day percentage jumps in months.</p><p>&#34;The stock market is coming to a recognition that the banking crisis wasn&#39;t a crisis after all, and was isolated to a handful of banks,&#34; said Oliver Pursche, senior vice president at Wealthspire Advisors in New York. &#34;Both the public and the private sector have shown they are more than able to backstop and shore up weak institutions.&#34;</p><p>Treasury Secretary Janet Yellen, in prepared remarks before the American Bankers Association, said the U.S. banking system has stabilized due to decisive actions from regulators, but warned more action might be required.</p><p>Attention now shifts to the Fed, which has gathered for its two-day monetary policy meeting, at which the members of the Federal Open Markets Committee <a href=\"https://laohu8.com/S/FOMC\">$(FOMC)$</a> will revisit their economic projections and, in all likelihood, implement another increase to the Fed funds target rate in their ongoing battle against inflation.</p><p>&#34;The Fed will raise interest rates by 25 basis points and the market won&#39;t care,&#34; Pursche added. &#34;It will all be about (Chairman Jerome) Powell&#39;s statement on the economy and inflation, and if he can do a good enough job convincing the public that the banking noise&#34; can be attributed to bad management on the part of a few banks.</p><p>At last glance, financial markets have now priced in an 83.4% likelihood of a 25 basis-point rate hike, and a 16.6% probability that the central bank will leave its policy rate unchanged, according to CME&#39;s FedWatch tool.</p><p>Economic data released early in the session showed a 14.5% jump in existing home sales, blasting past expectations and snapping a 12-month losing streak.</p><p>According to preliminary data, the S&amp;P 500 gained 50.84 points, or 1.29%, to end at 4,002.41 points, while the Nasdaq Composite gained 181.47 points, or 1.55%, to 11,860.04. The Dow Jones Industrial Average rose 313.36 points, or 0.97%, to 32,566.44.</p><p>Shares of <a href=\"https://laohu8.com/S/FRCDL\">First Republic Bank</a> saw their biggest-ever one-day percentage jump as JPMorgan CEO Jamie Dimon leads talks with other big banks aimed at investing in the lender, according to the Wall Street Journal. Peers <a href=\"https://laohu8.com/S/PACW\">PacWest Bancorp</a> and Western Alliance Bancorp also surged.</p><p>Tesla Inc advanced after the electric automaker appeared on track to report one of its best quarters in China, according to car registration data.</p><p><img src=\"https://static.tigerbbs.com/b7948a6ab28102cd1434626ac859aa85\" tg-width=\"1080\" tg-height=\"1920\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","QLD":"纳指两倍做多ETF","QQQ":"纳指100ETF","SDOW":"道指三倍做空ETF-ProShares",".IXIC":"NASDAQ Composite","SQQQ":"纳指三倍做空ETF","DXD":"道指两倍做空ETF","FOMC":"FOMO CORP.",".SPX":"S&P 500 Index","DDM":"道指两倍做多ETF","UDOW":"道指三倍做多ETF-ProShares","PSQ":"纳指反向ETF","DOG":"道指反向ETF","TQQQ":"纳指三倍做多ETF","DJX":"1/100道琼斯","QID":"纳指两倍做空ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2321670854","content_text":"Wall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking sector abated and market participants eyed the Federal Reserve, which is expected to conclude its two-day policy meeting on Wednesday with a 25 basis-point hike to its policy rate.All three major U.S. stock indexes were bright green as the session closed, with smallcaps, energy and financials enjoying the most sizable gains.A one-two punch of regional bank failures last week, followed by the rescue of $First Republic Bank(FRC-N)$ and the takeover of Credit Suisse, sparked a rout in banking stocks and fueled worries of contagion in the financial sector which, in turn, heightened global anxieties over the growing possibility of recession.But banking stocks bounced back on Tuesday, building on Monday's reversal. Still, despite its recent resurgence, the S&P banks index has lost nearly 18% of its value just this month.Both the SPXBK and the KBW Regional Banking index marked their biggest one-day percentage jumps in months.\"The stock market is coming to a recognition that the banking crisis wasn't a crisis after all, and was isolated to a handful of banks,\" said Oliver Pursche, senior vice president at Wealthspire Advisors in New York. \"Both the public and the private sector have shown they are more than able to backstop and shore up weak institutions.\"Treasury Secretary Janet Yellen, in prepared remarks before the American Bankers Association, said the U.S. banking system has stabilized due to decisive actions from regulators, but warned more action might be required.Attention now shifts to the Fed, which has gathered for its two-day monetary policy meeting, at which the members of the Federal Open Markets Committee $(FOMC)$ will revisit their economic projections and, in all likelihood, implement another increase to the Fed funds target rate in their ongoing battle against inflation.\"The Fed will raise interest rates by 25 basis points and the market won't care,\" Pursche added. \"It will all be about (Chairman Jerome) Powell's statement on the economy and inflation, and if he can do a good enough job convincing the public that the banking noise\" can be attributed to bad management on the part of a few banks.At last glance, financial markets have now priced in an 83.4% likelihood of a 25 basis-point rate hike, and a 16.6% probability that the central bank will leave its policy rate unchanged, according to CME's FedWatch tool.Economic data released early in the session showed a 14.5% jump in existing home sales, blasting past expectations and snapping a 12-month losing streak.According to preliminary data, the S&P 500 gained 50.84 points, or 1.29%, to end at 4,002.41 points, while the Nasdaq Composite gained 181.47 points, or 1.55%, to 11,860.04. The Dow Jones Industrial Average rose 313.36 points, or 0.97%, to 32,566.44.Shares of First Republic Bank saw their biggest-ever one-day percentage jump as JPMorgan CEO Jamie Dimon leads talks with other big banks aimed at investing in the lender, according to the Wall Street Journal. Peers PacWest Bancorp and Western Alliance Bancorp also surged.Tesla Inc advanced after the electric automaker appeared on track to report one of its best quarters in China, according to car registration data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943334856,"gmtCreate":1679112423375,"gmtModify":1679112427042,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943334856","repostId":"2320399187","repostType":2,"repost":{"id":"2320399187","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":1679018207,"share":"https://www.laohu8.com/m/news/2320399187?lang=&edition=full","pubTime":"2023-03-17 09:56","market":"us","language":"en","title":"YouTube TV Hikes Prices To $72.99 A Month, Citing High Content Costs","url":"https://stock-news.laohu8.com/highlight/detail?id=2320399187","media":"Dow Jones","summary":"YouTube TV said Thursday it was raising prices for the streaming TV service because of higher conten","content":"<html><head></head><body><p>YouTube TV said Thursday it was raising prices for the streaming TV service because of higher content costs, following in the footsteps of other services that have recently raised prices.</p><p>The live TV streaming service owned by Alphabet Inc.&#39;s <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>(GOOGL) Google said in a tweet it was raising the price for YouTube TV to $72.99 a month from a previous $64.99, for its first hike in three years.</p><p>In December, Google and the NFL signed a $2.5 billion deal making  YouTube the new home of the popular NFL Sunday Ticket package. In a Twitter reply Thursday, YouTube TV said the price hike &#34;is because of the broader rise of content costs &amp; not specifically due to our new football offerings.&#34;</p><p>Users can create up to six individual accounts for family members, YouTube TV   said, while services like Netflix Inc<a href=\"https://laohu8.com/S/NFLX\">$(NFLX)$</a> are cracking down on the practice of password sharing, where multiple users can sign into the account and watch.</p><p>On YouTube TV&#39;s home page on Thursday, however, the $72.99 price was crossed out, and the service said it would charge new users $62.99 a month for the first three months in a &#34;limited time offer.&#34; The company said the price hike for current members will go into effect on April 18, while new members will &#34;see this new price today.&#34;</p><p>Last year, Netflix Inc. <a href=\"https://laohu8.com/S/NFLX.UK\">$(NFLX.UK)$</a>, Walt Disney Co.&#39;s Disney+ <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a>, Apple Inc.&#39;s <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> Apple TV+, and Hulu all raised prices for their respective services, and YouTube raised the price for its Premium, ad-free service to $22.99 a month.</p><p>Currently, Netflix runs from $6.99 to $19.99 depending on ads or no ads; Warner Bros Discovery Inc.&#39;s <a href=\"https://laohu8.com/S/WBD\">$(WBD)$</a> HBO Max charges $9.99 a month with ads, or $15.99 with no ads; Apple TV+ runs at $6.99 a month;  Disney+ is $7.99 a month with ads, $10.99 with no ads; Amazon.com Inc&#39;s <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> Prime Video charges $14,99 a month; and Hulu, which is jointly owned by Disney and Comcast Corp. <a href=\"https://laohu8.com/S/CMCSA\">$(CMCSA)$</a>, costs $7.99 a month with ads, or $14.99 with no ads.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>YouTube TV Hikes Prices To $72.99 A Month, Citing High Content Costs</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\">\nYouTube TV Hikes Prices To $72.99 A Month, Citing High Content Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-03-17 09:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>YouTube TV said Thursday it was raising prices for the streaming TV service because of higher content costs, following in the footsteps of other services that have recently raised prices.</p><p>The live TV streaming service owned by Alphabet Inc.&#39;s <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>(GOOGL) Google said in a tweet it was raising the price for YouTube TV to $72.99 a month from a previous $64.99, for its first hike in three years.</p><p>In December, Google and the NFL signed a $2.5 billion deal making  YouTube the new home of the popular NFL Sunday Ticket package. In a Twitter reply Thursday, YouTube TV said the price hike &#34;is because of the broader rise of content costs &amp; not specifically due to our new football offerings.&#34;</p><p>Users can create up to six individual accounts for family members, YouTube TV   said, while services like Netflix Inc<a href=\"https://laohu8.com/S/NFLX\">$(NFLX)$</a> are cracking down on the practice of password sharing, where multiple users can sign into the account and watch.</p><p>On YouTube TV&#39;s home page on Thursday, however, the $72.99 price was crossed out, and the service said it would charge new users $62.99 a month for the first three months in a &#34;limited time offer.&#34; The company said the price hike for current members will go into effect on April 18, while new members will &#34;see this new price today.&#34;</p><p>Last year, Netflix Inc. <a href=\"https://laohu8.com/S/NFLX.UK\">$(NFLX.UK)$</a>, Walt Disney Co.&#39;s Disney+ <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a>, Apple Inc.&#39;s <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> Apple TV+, and Hulu all raised prices for their respective services, and YouTube raised the price for its Premium, ad-free service to $22.99 a month.</p><p>Currently, Netflix runs from $6.99 to $19.99 depending on ads or no ads; Warner Bros Discovery Inc.&#39;s <a href=\"https://laohu8.com/S/WBD\">$(WBD)$</a> HBO Max charges $9.99 a month with ads, or $15.99 with no ads; Apple TV+ runs at $6.99 a month;  Disney+ is $7.99 a month with ads, $10.99 with no ads; Amazon.com Inc&#39;s <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> Prime Video charges $14,99 a month; and Hulu, which is jointly owned by Disney and Comcast Corp. <a href=\"https://laohu8.com/S/CMCSA\">$(CMCSA)$</a>, costs $7.99 a month with ads, or $14.99 with no ads.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2320399187","content_text":"YouTube TV said Thursday it was raising prices for the streaming TV service because of higher content costs, following in the footsteps of other services that have recently raised prices.The live TV streaming service owned by Alphabet Inc.'s $(GOOGL)$(GOOGL) Google said in a tweet it was raising the price for YouTube TV to $72.99 a month from a previous $64.99, for its first hike in three years.In December, Google and the NFL signed a $2.5 billion deal making  YouTube the new home of the popular NFL Sunday Ticket package. In a Twitter reply Thursday, YouTube TV said the price hike \"is because of the broader rise of content costs & not specifically due to our new football offerings.\"Users can create up to six individual accounts for family members, YouTube TV   said, while services like Netflix Inc$(NFLX)$ are cracking down on the practice of password sharing, where multiple users can sign into the account and watch.On YouTube TV's home page on Thursday, however, the $72.99 price was crossed out, and the service said it would charge new users $62.99 a month for the first three months in a \"limited time offer.\" The company said the price hike for current members will go into effect on April 18, while new members will \"see this new price today.\"Last year, Netflix Inc. $(NFLX.UK)$, Walt Disney Co.'s Disney+ $(DIS)$, Apple Inc.'s $(AAPL)$ Apple TV+, and Hulu all raised prices for their respective services, and YouTube raised the price for its Premium, ad-free service to $22.99 a month.Currently, Netflix runs from $6.99 to $19.99 depending on ads or no ads; Warner Bros Discovery Inc.'s $(WBD)$ HBO Max charges $9.99 a month with ads, or $15.99 with no ads; Apple TV+ runs at $6.99 a month;  Disney+ is $7.99 a month with ads, $10.99 with no ads; Amazon.com Inc's $(AMZN)$ Prime Video charges $14,99 a month; and Hulu, which is jointly owned by Disney and Comcast Corp. $(CMCSA)$, costs $7.99 a month with ads, or $14.99 with no ads.","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943334106,"gmtCreate":1679112411606,"gmtModify":1679112415037,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943334106","repostId":"2319853169","repostType":2,"repost":{"id":"2319853169","pubTimestamp":1679018218,"share":"https://www.laohu8.com/m/news/2319853169?lang=&edition=full","pubTime":"2023-03-17 09:56","market":"sg","language":"en","title":"Looking for More Dividends? Here Are 4 Stocks That Paid Out More Last Year","url":"https://stock-news.laohu8.com/highlight/detail?id=2319853169","media":"The Smart Investor","summary":"These stocks doled out higher dividends last year and may continue to do so this year.","content":"<html><head></head><body><p>Everyone loves receiving cash in their bank account.</p><p>Income investors know this feeling all too well as they park their money in a mix of REITs and dividend-paying stocks.</p><p>It’s even more attractive if the stocks you invest in start to raise their dividends.</p><p>By doing so, management may be signalling that the business is generating healthy cash flows and is poised to do better in the future.</p><p>It can be tedious to trawl through numerous corporate earnings to sift out companies that have raised their dividends.</p><p>We have done the work for you and filtered out four such companies that increased their year-on-year payouts.</p><h2><b>Raffles Medical Group (SGX: BSL)</b></h2><p>Raffles Medical Group, or RMG, is an integrated healthcare provider that operates in 14 cities in five countries in Asia.</p><p>The group owns three tertiary hospitals and more than 100 multi-disciplinary clinics and employs over 2,800 employees.</p><p>RMG rounded off 2022 with a strong set of earnings.</p><p>Revenue rose 5.9% year on year to S$766.5 million as border reopenings saw the return of more foreign patients seeking medical treatment.</p><p>Operating profit jumped 61.4% year on year to S$195.8 million while net profit surged 70.5% year on year to S$143.5 million.</p><p>The integrated healthcare player generated a free cash flow of S$170.9 million, up 59.3% year on year.</p><p>A final dividend of S$0.038 was declared, a jump of 35.7% compared to the previous year’s S$0.028.</p><p>The group expects to see more patients returning as global travel resumes.</p><p>China’s reopening also spells good news for its hospitals and medical clinics there as they can resume normal operations.</p><h2><b>ComfortDelGro Corporation Limited (SGX: C52)</b></h2><p>ComfortDelGro Corporation Limited, or CDG, is one of the world’s largest land transport operators.</p><p>The group has a total vehicle fleet size of around 34,000 buses, taxis and rental vehicles and also operates light and heavy rail services in Singapore and New Zealand.</p><p>CDG reported a good set of earnings for 2022 as revenue improved by 7.9% year on year to S$3.8 billion.</p><p>Operating profit climbed 35.1% year on year to S$270 million and net profit surged by 40.7% year on year to S$173.1 million.</p><p>The transport giant declared a final dividend of S$0.0176 and a special dividend of S$0.0246, taking the total 2022 dividend to S$0.0848.</p><p>This level of dividends was slightly more than double the S$0.042 paid out in 2021.</p><p>Taxi revenues in Singapore are projected to increase while those in China should see improvements after the country relaxed its COVID-zero policies.</p><p>Rail ridership in Singapore along with bus charter in Australia and coach services in the UK are all expected to recover with the lifting of COVID-19 restrictions.</p><h2><b>Nordic Group (SGX: MR7)</b></h2><p>Nordic Group provides a range of services including system integration solutions, vessel maintenance, repair and overhaul, and scaffolding and insulation to the marine, oil and gas, and petrochemical sectors.</p><p>The group posted a commendable financial performance for 2022 as revenue surged 58% year on year to S$162.8 million.</p><p>The better performance was attributed to higher semiconductor activities in Malaysia as well as maiden contributions from newly-acquired Starburst and Eratech.</p><p>Gross profit improved by 65% year on year while net profit rose 50% year on year to S$20.9 million.</p><p>A final dividend of S$0.00906 was declared, bringing 2022’s dividend to S$0.02068, 20% higher than the prior year’s S$0.0174.</p><p>Nordic had an outstanding order book of S$232.5 million as of 31 December 2022 and will deliver these in the next three years.</p><p>The group will continue to look for more merger and acquisition opportunities while keeping a lid on rising costs.</p><h2><b>Nanofilm Technologies International (SGX: MZH)</b></h2><p>Nanofilm is a leading provider of nanotechnology solutions in Asia and also provides technology-based solutions to a wide range of clients.</p><p>Revenue for the group slipped by 3.8% year on year in 2022 to S$237.4 million.</p><p>Net profit fell by 29.6% year on year to S$43.8 million.</p><p>Despite the weaker performance, Nanofilm declared a final dividend of S$0.011, slightly above the S$0.01 final dividend paid out in 2021.</p><p>For 2022, the total dividend came up to S$0.022, 10% above the S$0.02 paid out for the whole of 2021.</p><p>The group is optimistic that the challenges it faced last year will not recur, while it expects a recovery in China by the second half of this year.</p></body></html>","source":"thesmartinvestor_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Looking for More Dividends? Here Are 4 Stocks That Paid Out More Last Year</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\">\nLooking for More Dividends? Here Are 4 Stocks That Paid Out More Last Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-17 09:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/looking-for-more-dividends-here-are-4-stocks-that-paid-out-more-last-year/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Everyone loves receiving cash in their bank account.Income investors know this feeling all too well as they park their money in a mix of REITs and dividend-paying stocks.It’s even more attractive if ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/looking-for-more-dividends-here-are-4-stocks-that-paid-out-more-last-year/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MR7.SI":"挪迪克","C52.SI":"康福德高企业","BSL.SI":"莱佛士医疗","MZH.SI":"Nanofilm"},"source_url":"https://thesmartinvestor.com.sg/looking-for-more-dividends-here-are-4-stocks-that-paid-out-more-last-year/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2319853169","content_text":"Everyone loves receiving cash in their bank account.Income investors know this feeling all too well as they park their money in a mix of REITs and dividend-paying stocks.It’s even more attractive if the stocks you invest in start to raise their dividends.By doing so, management may be signalling that the business is generating healthy cash flows and is poised to do better in the future.It can be tedious to trawl through numerous corporate earnings to sift out companies that have raised their dividends.We have done the work for you and filtered out four such companies that increased their year-on-year payouts.Raffles Medical Group (SGX: BSL)Raffles Medical Group, or RMG, is an integrated healthcare provider that operates in 14 cities in five countries in Asia.The group owns three tertiary hospitals and more than 100 multi-disciplinary clinics and employs over 2,800 employees.RMG rounded off 2022 with a strong set of earnings.Revenue rose 5.9% year on year to S$766.5 million as border reopenings saw the return of more foreign patients seeking medical treatment.Operating profit jumped 61.4% year on year to S$195.8 million while net profit surged 70.5% year on year to S$143.5 million.The integrated healthcare player generated a free cash flow of S$170.9 million, up 59.3% year on year.A final dividend of S$0.038 was declared, a jump of 35.7% compared to the previous year’s S$0.028.The group expects to see more patients returning as global travel resumes.China’s reopening also spells good news for its hospitals and medical clinics there as they can resume normal operations.ComfortDelGro Corporation Limited (SGX: C52)ComfortDelGro Corporation Limited, or CDG, is one of the world’s largest land transport operators.The group has a total vehicle fleet size of around 34,000 buses, taxis and rental vehicles and also operates light and heavy rail services in Singapore and New Zealand.CDG reported a good set of earnings for 2022 as revenue improved by 7.9% year on year to S$3.8 billion.Operating profit climbed 35.1% year on year to S$270 million and net profit surged by 40.7% year on year to S$173.1 million.The transport giant declared a final dividend of S$0.0176 and a special dividend of S$0.0246, taking the total 2022 dividend to S$0.0848.This level of dividends was slightly more than double the S$0.042 paid out in 2021.Taxi revenues in Singapore are projected to increase while those in China should see improvements after the country relaxed its COVID-zero policies.Rail ridership in Singapore along with bus charter in Australia and coach services in the UK are all expected to recover with the lifting of COVID-19 restrictions.Nordic Group (SGX: MR7)Nordic Group provides a range of services including system integration solutions, vessel maintenance, repair and overhaul, and scaffolding and insulation to the marine, oil and gas, and petrochemical sectors.The group posted a commendable financial performance for 2022 as revenue surged 58% year on year to S$162.8 million.The better performance was attributed to higher semiconductor activities in Malaysia as well as maiden contributions from newly-acquired Starburst and Eratech.Gross profit improved by 65% year on year while net profit rose 50% year on year to S$20.9 million.A final dividend of S$0.00906 was declared, bringing 2022’s dividend to S$0.02068, 20% higher than the prior year’s S$0.0174.Nordic had an outstanding order book of S$232.5 million as of 31 December 2022 and will deliver these in the next three years.The group will continue to look for more merger and acquisition opportunities while keeping a lid on rising costs.Nanofilm Technologies International (SGX: MZH)Nanofilm is a leading provider of nanotechnology solutions in Asia and also provides technology-based solutions to a wide range of clients.Revenue for the group slipped by 3.8% year on year in 2022 to S$237.4 million.Net profit fell by 29.6% year on year to S$43.8 million.Despite the weaker performance, Nanofilm declared a final dividend of S$0.011, slightly above the S$0.01 final dividend paid out in 2021.For 2022, the total dividend came up to S$0.022, 10% above the S$0.02 paid out for the whole of 2021.The group is optimistic that the challenges it faced last year will not recur, while it expects a recovery in China by the second half of this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943334399,"gmtCreate":1679112399311,"gmtModify":1679112402950,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943334399","repostId":"2320399158","repostType":2,"repost":{"id":"2320399158","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":1679016550,"share":"https://www.laohu8.com/m/news/2320399158?lang=&edition=full","pubTime":"2023-03-17 09:29","market":"us","language":"en","title":"U.S. Stocks Set For Wild Swings As Trillions In Options Contracts Set To Expire Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=2320399158","media":"Dow Jones","summary":"U.S. stocks could see increasingly wild swings in the coming days as option contracts tied to trilli","content":"<html><head></head><body><p>U.S. stocks could see increasingly wild swings in the coming days as option contracts tied to trillions of dollars in securities are set to expire on Friday, removing a buffer that some say has helped to keep the S&amp;P 500 index from breaking out of a tight trading range.</p><p>Option contracts worth $2.8 trillion are set to expire during Friday&#39;s &#34;quadruple witching&#34; event, according to figures from Goldman Sachs Group <a href=\"https://laohu8.com/S/GS\">$(GS)$</a>.</p><p>&#34;Quadruple witching,&#34; as its known, happens when equity futures and option contracts tied to individual stocks and indexes --- as well as exchange-traded funds -- all expire on the same day. Some option contracts expire in the morning, while others expire in the afternoon. This typically happens four times a year, roughly once per quarter.</p><p>Days like these sometimes coincide with volatility in markets as traders scramble to cut their losses or exercise &#34;in the money&#34; contracts to claim their winnings.</p><p>However, a top derivatives analyst at Goldman sees the potential for stocks to see even wilder swings in the sessions to come as a rash of contracts that have helped to suppress volatility in the equity market expire.</p><p>Options expiring on Friday could &#34;remove the 4k pinner that has kept a lid on big moves,&#34; said Scott Rubner, a managing director and top derivatives strategist at Goldman, in a note to clients obtained by MarketWatch. This could make the S&amp;P 500 more vulnerable to a big swing in either direction.</p><p>&#34;Either way. We are going to move next week.&#34;</p><p>Since the start of the year, the S&amp;P 500 has traded in a narrow channel of about 400 points bounded by 3,800 on the downside, and 4,200 on the upside, according to data from FactSet.</p><p>These levels correspond with some of the most popular strike prices for options tied to the S&amp;P 500, according to data from Rubner&#39;s note. A strike price is the level at which the holder of a contract has the opportunity -- but not the obligation -- to buy or sell a security, depending on the type of option one owns.</p><p>That&#39;s not a coincidence. Over the past year,  trading in option contracts on the verge of expiring, known as &#34;zero-days to expiration&#34; or &#34;0DTE&#34; options, has become increasingly popular.</p><p>One result of this trend is that they have helped keep stocks in a narrow range, while fueling more intraday swings within that range, a pattern that several traders have compared to a &#34;game of ping pong.&#34;</p><p>According to Goldman, 0DTEs represent more than 40% of average daily trading  volume in contracts tied to the S&amp;P 500.</p><p>Earlier this week, trading in 0DTEs helped keep the S&amp;P 500 from breaking below the 3,800 level as markets reeled following the closure of three U.S. banks, according to Brent Kochuba, founder of SpotGamma, a provider of data and analytics about the option market.</p><p>Analysts says this is one reason that the Cboe Volatility Index , otherwise known as the Vix or Wall Street volatility gauge, has remained so subdued compared with the ICE BofAML MOVE Index, a gauge of implied volatility for the Treasury market, Kochuba and others told MarketWatch.</p><p>The MOVE index awed traders earlier this week as volatility in normally placid Treasurys sent it surging to its highest level since the 2008 financial crisis. Meanwhile, the Vix VIX barely managed to break above 30, a level it last visited as recently as October.</p><p>But some believe this could change starting Friday.</p><p>To be sure, Friday isn&#39;t the only session where large slugs of option contracts are set to expire over the next week. On Wednesday, a slug of contracts tied to the Vix will expire on the same day the Federal Reserve is set to announce its latest interest rate-hike decision.</p><p>&#34;50% of all Vix open interest expires on Wednesday. That&#39;s pretty significant,&#34;  Kochuba said during an interview with MarketWatch.</p><p>The end result is that this could help the Vix &#34;catch up&#34; to the MOVE, something that could result in a sharp selloff in stocks, according to Alon Rosin and Sam Skinner, two equity derivatives experts at Oppenheimer.</p><p>&#34;The bottom line is this: more volatility is likely coming to the equity market,&#34; Skinner said during a call with MarketWatch. &#34;And the Vix is underpricing it.&#34;</p><p>Amy Wu Silverman, an equity derivatives strategist at RBC Capital Markets, expressed a similar view. In emailed comments shared with MarketWatch, she said she expects &#34;volatility levels to remain elevated&#34; heading into next week&#39;s Fed meeting.</p><p>Futures traders are pricing in a high likelihood that the Fed will hike its policy rate by 25 basis points. However, traders still see a roughly 20% chance that the Fed could opt to leave interest rates on hold, according to the CME&#39;s FedWatch tool.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks Set For Wild Swings As Trillions In Options Contracts Set To Expire Friday</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\">\nU.S. Stocks Set For Wild Swings As Trillions In Options Contracts Set To Expire Friday\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\">2023-03-17 09:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks could see increasingly wild swings in the coming days as option contracts tied to trillions of dollars in securities are set to expire on Friday, removing a buffer that some say has helped to keep the S&amp;P 500 index from breaking out of a tight trading range.</p><p>Option contracts worth $2.8 trillion are set to expire during Friday&#39;s &#34;quadruple witching&#34; event, according to figures from Goldman Sachs Group <a href=\"https://laohu8.com/S/GS\">$(GS)$</a>.</p><p>&#34;Quadruple witching,&#34; as its known, happens when equity futures and option contracts tied to individual stocks and indexes --- as well as exchange-traded funds -- all expire on the same day. Some option contracts expire in the morning, while others expire in the afternoon. This typically happens four times a year, roughly once per quarter.</p><p>Days like these sometimes coincide with volatility in markets as traders scramble to cut their losses or exercise &#34;in the money&#34; contracts to claim their winnings.</p><p>However, a top derivatives analyst at Goldman sees the potential for stocks to see even wilder swings in the sessions to come as a rash of contracts that have helped to suppress volatility in the equity market expire.</p><p>Options expiring on Friday could &#34;remove the 4k pinner that has kept a lid on big moves,&#34; said Scott Rubner, a managing director and top derivatives strategist at Goldman, in a note to clients obtained by MarketWatch. This could make the S&amp;P 500 more vulnerable to a big swing in either direction.</p><p>&#34;Either way. We are going to move next week.&#34;</p><p>Since the start of the year, the S&amp;P 500 has traded in a narrow channel of about 400 points bounded by 3,800 on the downside, and 4,200 on the upside, according to data from FactSet.</p><p>These levels correspond with some of the most popular strike prices for options tied to the S&amp;P 500, according to data from Rubner&#39;s note. A strike price is the level at which the holder of a contract has the opportunity -- but not the obligation -- to buy or sell a security, depending on the type of option one owns.</p><p>That&#39;s not a coincidence. Over the past year,  trading in option contracts on the verge of expiring, known as &#34;zero-days to expiration&#34; or &#34;0DTE&#34; options, has become increasingly popular.</p><p>One result of this trend is that they have helped keep stocks in a narrow range, while fueling more intraday swings within that range, a pattern that several traders have compared to a &#34;game of ping pong.&#34;</p><p>According to Goldman, 0DTEs represent more than 40% of average daily trading  volume in contracts tied to the S&amp;P 500.</p><p>Earlier this week, trading in 0DTEs helped keep the S&amp;P 500 from breaking below the 3,800 level as markets reeled following the closure of three U.S. banks, according to Brent Kochuba, founder of SpotGamma, a provider of data and analytics about the option market.</p><p>Analysts says this is one reason that the Cboe Volatility Index , otherwise known as the Vix or Wall Street volatility gauge, has remained so subdued compared with the ICE BofAML MOVE Index, a gauge of implied volatility for the Treasury market, Kochuba and others told MarketWatch.</p><p>The MOVE index awed traders earlier this week as volatility in normally placid Treasurys sent it surging to its highest level since the 2008 financial crisis. Meanwhile, the Vix VIX barely managed to break above 30, a level it last visited as recently as October.</p><p>But some believe this could change starting Friday.</p><p>To be sure, Friday isn&#39;t the only session where large slugs of option contracts are set to expire over the next week. On Wednesday, a slug of contracts tied to the Vix will expire on the same day the Federal Reserve is set to announce its latest interest rate-hike decision.</p><p>&#34;50% of all Vix open interest expires on Wednesday. That&#39;s pretty significant,&#34;  Kochuba said during an interview with MarketWatch.</p><p>The end result is that this could help the Vix &#34;catch up&#34; to the MOVE, something that could result in a sharp selloff in stocks, according to Alon Rosin and Sam Skinner, two equity derivatives experts at Oppenheimer.</p><p>&#34;The bottom line is this: more volatility is likely coming to the equity market,&#34; Skinner said during a call with MarketWatch. &#34;And the Vix is underpricing it.&#34;</p><p>Amy Wu Silverman, an equity derivatives strategist at RBC Capital Markets, expressed a similar view. In emailed comments shared with MarketWatch, she said she expects &#34;volatility levels to remain elevated&#34; heading into next week&#39;s Fed meeting.</p><p>Futures traders are pricing in a high likelihood that the Fed will hike its policy rate by 25 basis points. However, traders still see a roughly 20% chance that the Fed could opt to leave interest rates on hold, according to the CME&#39;s FedWatch tool.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","UPRO":"三倍做多标普500ETF","SPY":"标普500ETF","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","TVIX":"二倍做多VIX波动率指数短期期权ETN","GS":"高盛","VIXY":"波动率短期期货指数ETF","VXX":"短期VIX期货ETN","OEF":"标普100指数ETF-iShares","BK4559":"巴菲特持仓",".SPX":"S&P 500 Index","OEX":"标普100","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","UVXY":"1.5倍做多波动率指数短期期货ETF-ProShares","BK4550":"红杉资本持仓","BK4588":"碎股","SSO":"两倍做多标普500ETF","BK4552":"Archegos爆仓风波概念","IVV":"标普500指数ETF","SVXY":"0.5倍做空波动率指数短期期货ETF","BK4581":"高盛持仓","SDS":"两倍做空标普500ETF","BK4504":"桥水持仓","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF","BK4127":"投资银行业与经纪业"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2320399158","content_text":"U.S. stocks could see increasingly wild swings in the coming days as option contracts tied to trillions of dollars in securities are set to expire on Friday, removing a buffer that some say has helped to keep the S&P 500 index from breaking out of a tight trading range.Option contracts worth $2.8 trillion are set to expire during Friday's \"quadruple witching\" event, according to figures from Goldman Sachs Group $(GS)$.\"Quadruple witching,\" as its known, happens when equity futures and option contracts tied to individual stocks and indexes --- as well as exchange-traded funds -- all expire on the same day. Some option contracts expire in the morning, while others expire in the afternoon. This typically happens four times a year, roughly once per quarter.Days like these sometimes coincide with volatility in markets as traders scramble to cut their losses or exercise \"in the money\" contracts to claim their winnings.However, a top derivatives analyst at Goldman sees the potential for stocks to see even wilder swings in the sessions to come as a rash of contracts that have helped to suppress volatility in the equity market expire.Options expiring on Friday could \"remove the 4k pinner that has kept a lid on big moves,\" said Scott Rubner, a managing director and top derivatives strategist at Goldman, in a note to clients obtained by MarketWatch. This could make the S&P 500 more vulnerable to a big swing in either direction.\"Either way. We are going to move next week.\"Since the start of the year, the S&P 500 has traded in a narrow channel of about 400 points bounded by 3,800 on the downside, and 4,200 on the upside, according to data from FactSet.These levels correspond with some of the most popular strike prices for options tied to the S&P 500, according to data from Rubner's note. A strike price is the level at which the holder of a contract has the opportunity -- but not the obligation -- to buy or sell a security, depending on the type of option one owns.That's not a coincidence. Over the past year,  trading in option contracts on the verge of expiring, known as \"zero-days to expiration\" or \"0DTE\" options, has become increasingly popular.One result of this trend is that they have helped keep stocks in a narrow range, while fueling more intraday swings within that range, a pattern that several traders have compared to a \"game of ping pong.\"According to Goldman, 0DTEs represent more than 40% of average daily trading  volume in contracts tied to the S&P 500.Earlier this week, trading in 0DTEs helped keep the S&P 500 from breaking below the 3,800 level as markets reeled following the closure of three U.S. banks, according to Brent Kochuba, founder of SpotGamma, a provider of data and analytics about the option market.Analysts says this is one reason that the Cboe Volatility Index , otherwise known as the Vix or Wall Street volatility gauge, has remained so subdued compared with the ICE BofAML MOVE Index, a gauge of implied volatility for the Treasury market, Kochuba and others told MarketWatch.The MOVE index awed traders earlier this week as volatility in normally placid Treasurys sent it surging to its highest level since the 2008 financial crisis. Meanwhile, the Vix VIX barely managed to break above 30, a level it last visited as recently as October.But some believe this could change starting Friday.To be sure, Friday isn't the only session where large slugs of option contracts are set to expire over the next week. On Wednesday, a slug of contracts tied to the Vix will expire on the same day the Federal Reserve is set to announce its latest interest rate-hike decision.\"50% of all Vix open interest expires on Wednesday. That's pretty significant,\"  Kochuba said during an interview with MarketWatch.The end result is that this could help the Vix \"catch up\" to the MOVE, something that could result in a sharp selloff in stocks, according to Alon Rosin and Sam Skinner, two equity derivatives experts at Oppenheimer.\"The bottom line is this: more volatility is likely coming to the equity market,\" Skinner said during a call with MarketWatch. \"And the Vix is underpricing it.\"Amy Wu Silverman, an equity derivatives strategist at RBC Capital Markets, expressed a similar view. In emailed comments shared with MarketWatch, she said she expects \"volatility levels to remain elevated\" heading into next week's Fed meeting.Futures traders are pricing in a high likelihood that the Fed will hike its policy rate by 25 basis points. However, traders still see a roughly 20% chance that the Fed could opt to leave interest rates on hold, according to the CME's FedWatch tool.","news_type":1},"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943334969,"gmtCreate":1679112383951,"gmtModify":1679112387348,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943334969","repostId":"1170952277","repostType":2,"repost":{"id":"1170952277","pubTimestamp":1679008361,"share":"https://www.laohu8.com/m/news/1170952277?lang=&edition=full","pubTime":"2023-03-17 07:12","market":"us","language":"en","title":"First Republic Gets $30 Billion of Fresh Deposits in Bank Rescue","url":"https://stock-news.laohu8.com/highlight/detail?id=1170952277","media":"Bloomberg","summary":"JPMorgan, BofA, Citi, Wells Fargo among lenders contributingPlan shows ‘resilience of the banking sy","content":"<html><head></head><body><ul><li>JPMorgan, BofA, Citi, Wells Fargo among lenders contributing</li><li>Plan shows ‘resilience of the banking system,’ regulators say</li></ul><p>The biggest US banks pledged $30 billion of fresh cash for First Republic Bank to stem the turmoil that has sent depositors fleeing from regional banks and shaken the country’s financial system.</p><p>JPMorgan Chase &amp; Co., Bank of America Corp., Citigroup Inc. and Wells Fargo &amp; Co. will contribute $5 billion of uninsured deposits each, while Goldman Sachs Group Inc. and Morgan Stanley will kick in $2.5 billion apiece, according to a statement Thursday. Other banks will deposit smaller amounts as part of a plan devised along with US regulators.</p><p>“This action by America’s largest banks reflects their confidence in First Republic and in banks of all sizes,” the banks said in their statement. The consortium cited the outflows of uninsured deposits at a small number of banks following the collapse of Silicon Valley Bank and Signature Bank.</p><p><img src=\"https://static.tigerbbs.com/dbbca686ada81d9e2312e9aebe7bd164\" tg-width=\"727\" tg-height=\"224\" referrerpolicy=\"no-referrer\"/>First Republic has been exploring strategic options including a possible sale, Bloomberg News reported late Wednesday. The lender’s shares have plummeted in the aftermath of regulators’ seizure of fellow regional lenders Silicon Valley Bank and Signature Bank over the past week.</p><p>“This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system,” US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell, Federal Deposit Insurance Corp. Chairman Martin Gruenberg and Acting Comptroller of the Currency Michael Hsu said in a joint statement.</p><p>Also contributing deposits are PNC Financial Services Group Inc., Bank of New York Mellon Corp., Truist Financial Corp., U.S. Bancorp and State Street Corp., which will each put in $1 billion.</p><p>The deal began to take shape Tuesday and came together in about two days, with the idea of bringing the banks on board broached during a call that included Yellen, Powell and Gruenberg, as well as Jamie Dimon, chief executive officer of JPMorgan, according to people familiar with the matter.</p><p>Yellen and Dimon agreed the idea had merit, with Dimon taking the lead to contact other bank leaders and Yellen making calls, too, said the people, who asked not to be identified discussing the private talks.</p><p>Another call Thursday morning among regulators and CEOs helped finalize the plan. The deal includes deposits with an initial term of 120 days at market rates, First Republic said, and they could remain in place even longer, people familiar with the terms said.</p><p>In some ways, the rescue resembles the 1998 plan devised to bail out Long Term Capital Management without using public money, after the hedge fund made a set of disastrous wrong-way bets. Back then, the Fed convened a meeting of Wall Street executives from Merrill Lynch, Goldman Sachs and about a dozen others. They agreed to pump $3.65 billion into the fund to keep it afloat and avert a collapse in financial markets.</p><h3>Bank’s Future</h3><p>As with LTCM, the banks saw saving First Republic as ultimately in their best interests, rather than risk a widening panic that might engulf more of them, one of the people said. Unlike LTCM, the First Republic rescue isn’t a wind-down, but sets up the bank to have a future, which could still include shopping around for a buyer, the people said.</p><p>The joint effort “is a powerful step to bolster liquidity and reflects our confidence in the critical role of regional banks in our economy and across the communities we serve,” Truist Chief Executive Officer Bill Rogers said in an emailed statement.</p><p>Capital One Financial Corp. was asked to participate in the consortium, but given the credit-card giant’s business mix and the fact that it didn’t have an existing relationship with First Republic, the company chose not to participate, according to a person familiar with the matter. A spokesman for Capital One declined to comment.</p><p>Shares of First Republic swung wildly Thursday, plunging as much as 36% early in the day, then surging as much as 28% midday after details of the emerging plan were first reported. The stock closed up 10% and then slipped in extended New York trading after the bank announced it was suspending its dividend.</p><p>First Republic, which specializes in private banking and has built up a wealth-management franchise with some $271 billion in assets, has made an effort to differentiate itself from SVB Financial Group’s Silicon Valley Bank. Unlike SVB, which counted startups and venture firms among its biggest clients, First Republic said that no sector represents more than 9% of total business deposits.</p><p>Silicon Valley Bank collapsed into FDIC receivership Friday after its customer base of tech startups grew concerned and pulled deposits.</p><p>First Republic Chairman Jim Herbert and CEO Mike Roffler said in a statement that the banks’ “collective support strengthens our liquidity position, reflects the ongoing quality of our business, and is a vote of confidence for First Republic and the entire US banking system.”</p><p>As of Wednesday, First Republic had a cash position of about $34 billion, not including the deposits from the banks. Since the close of business on March 9, First Republic has increased short-term borrowings from the Federal Home Loan Bank by $10 billion at a rate of 5.09%, the company said.</p><p>First Republic said it’s “focused on reducing its borrowings and evaluating the composition and size of its balance sheet,” and will suspend its stock dividend while it recovers.</p><p>First Republic has been working with JPMorgan as it tackles its challenges. On Sunday, the same day Signature Bank was taken over by regulators, First Republic said it “further enhanced and diversified its financial position” by securing additional liquidity from the Federal Reserve and JPMorgan.</p><p>“The effort by the federal government to bring together the banking sector, including U.S. Bank, speaks to the strength of the overall financial system,” said a spokesman for the Minneapolis-based lender.</p></body></html>","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>First Republic Gets $30 Billion of Fresh Deposits in Bank Rescue</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\">\nFirst Republic Gets $30 Billion of Fresh Deposits in Bank Rescue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-17 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-16/first-republic-to-get-30-billion-of-bank-deposits-in-rescue?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JPMorgan, BofA, Citi, Wells Fargo among lenders contributingPlan shows ‘resilience of the banking system,’ regulators sayThe biggest US banks pledged $30 billion of fresh cash for First Republic Bank ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-to-get-30-billion-of-bank-deposits-in-rescue?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":{"C":"花旗","JPM":"摩根大通"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-16/first-republic-to-get-30-billion-of-bank-deposits-in-rescue?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170952277","content_text":"JPMorgan, BofA, Citi, Wells Fargo among lenders contributingPlan shows ‘resilience of the banking system,’ regulators sayThe biggest US banks pledged $30 billion of fresh cash for First Republic Bank to stem the turmoil that has sent depositors fleeing from regional banks and shaken the country’s financial system.JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. will contribute $5 billion of uninsured deposits each, while Goldman Sachs Group Inc. and Morgan Stanley will kick in $2.5 billion apiece, according to a statement Thursday. Other banks will deposit smaller amounts as part of a plan devised along with US regulators.“This action by America’s largest banks reflects their confidence in First Republic and in banks of all sizes,” the banks said in their statement. The consortium cited the outflows of uninsured deposits at a small number of banks following the collapse of Silicon Valley Bank and Signature Bank.First Republic has been exploring strategic options including a possible sale, Bloomberg News reported late Wednesday. The lender’s shares have plummeted in the aftermath of regulators’ seizure of fellow regional lenders Silicon Valley Bank and Signature Bank over the past week.“This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system,” US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell, Federal Deposit Insurance Corp. Chairman Martin Gruenberg and Acting Comptroller of the Currency Michael Hsu said in a joint statement.Also contributing deposits are PNC Financial Services Group Inc., Bank of New York Mellon Corp., Truist Financial Corp., U.S. Bancorp and State Street Corp., which will each put in $1 billion.The deal began to take shape Tuesday and came together in about two days, with the idea of bringing the banks on board broached during a call that included Yellen, Powell and Gruenberg, as well as Jamie Dimon, chief executive officer of JPMorgan, according to people familiar with the matter.Yellen and Dimon agreed the idea had merit, with Dimon taking the lead to contact other bank leaders and Yellen making calls, too, said the people, who asked not to be identified discussing the private talks.Another call Thursday morning among regulators and CEOs helped finalize the plan. The deal includes deposits with an initial term of 120 days at market rates, First Republic said, and they could remain in place even longer, people familiar with the terms said.In some ways, the rescue resembles the 1998 plan devised to bail out Long Term Capital Management without using public money, after the hedge fund made a set of disastrous wrong-way bets. Back then, the Fed convened a meeting of Wall Street executives from Merrill Lynch, Goldman Sachs and about a dozen others. They agreed to pump $3.65 billion into the fund to keep it afloat and avert a collapse in financial markets.Bank’s FutureAs with LTCM, the banks saw saving First Republic as ultimately in their best interests, rather than risk a widening panic that might engulf more of them, one of the people said. Unlike LTCM, the First Republic rescue isn’t a wind-down, but sets up the bank to have a future, which could still include shopping around for a buyer, the people said.The joint effort “is a powerful step to bolster liquidity and reflects our confidence in the critical role of regional banks in our economy and across the communities we serve,” Truist Chief Executive Officer Bill Rogers said in an emailed statement.Capital One Financial Corp. was asked to participate in the consortium, but given the credit-card giant’s business mix and the fact that it didn’t have an existing relationship with First Republic, the company chose not to participate, according to a person familiar with the matter. A spokesman for Capital One declined to comment.Shares of First Republic swung wildly Thursday, plunging as much as 36% early in the day, then surging as much as 28% midday after details of the emerging plan were first reported. The stock closed up 10% and then slipped in extended New York trading after the bank announced it was suspending its dividend.First Republic, which specializes in private banking and has built up a wealth-management franchise with some $271 billion in assets, has made an effort to differentiate itself from SVB Financial Group’s Silicon Valley Bank. Unlike SVB, which counted startups and venture firms among its biggest clients, First Republic said that no sector represents more than 9% of total business deposits.Silicon Valley Bank collapsed into FDIC receivership Friday after its customer base of tech startups grew concerned and pulled deposits.First Republic Chairman Jim Herbert and CEO Mike Roffler said in a statement that the banks’ “collective support strengthens our liquidity position, reflects the ongoing quality of our business, and is a vote of confidence for First Republic and the entire US banking system.”As of Wednesday, First Republic had a cash position of about $34 billion, not including the deposits from the banks. Since the close of business on March 9, First Republic has increased short-term borrowings from the Federal Home Loan Bank by $10 billion at a rate of 5.09%, the company said.First Republic said it’s “focused on reducing its borrowings and evaluating the composition and size of its balance sheet,” and will suspend its stock dividend while it recovers.First Republic has been working with JPMorgan as it tackles its challenges. On Sunday, the same day Signature Bank was taken over by regulators, First Republic said it “further enhanced and diversified its financial position” by securing additional liquidity from the Federal Reserve and JPMorgan.“The effort by the federal government to bring together the banking sector, including U.S. Bank, speaks to the strength of the overall financial system,” said a spokesman for the Minneapolis-based lender.","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943335757,"gmtCreate":1679112350680,"gmtModify":1679112354206,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943335757","repostId":"1126461227","repostType":2,"repost":{"id":"1126461227","pubTimestamp":1679104200,"share":"https://www.laohu8.com/m/news/1126461227?lang=&edition=full","pubTime":"2023-03-18 09:50","market":"us","language":"en","title":"Are Banks on the Edge of Another 2008-Style Precipice?","url":"https://stock-news.laohu8.com/highlight/detail?id=1126461227","media":"Financial Times","summary":"Bearish nerves seem to be winning right now — despite good reasons to hope notUS bank shares are dow","content":"<html><head></head><body><p>Bearish nerves seem to be winning right now — despite good reasons to hope not</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51ea2dddf4011084e557bd147c970adf\" tg-width=\"700\" tg-height=\"394\" width=\"100%\" height=\"auto\"/><span>US bank shares are down 17% over the past fortnight © Brendan McDermid/Reuters</span></p><p>Northern Rock, Bear Stearns, Countrywide Financial and Alliance &amp; Leicester. Back in late 2007 and early 2008, when they all failed or were rescued, none of the above was systemically important. And few observers would have predicted the nightmarish crisis that was to strike within the year, felling behemoths from Wall Street’s venerable Lehman Brothers to Royal Bank of Scotland, then the biggest bank in the world.</p><p>Fifteen years later, after a week in which four banks — Silicon Valley Bank, Signature and First Republic in the US, and Credit Suisse in Europe — teetered and were propped up in one way or another, it is no wonder that investors are questioning whether we are facing 2007-style problems that could soon spiral into another full-blown 2008-style disaster.</p><p>There are good reasons to hope not. The primary causes of the 2008 crisis — a glut of poor-quality subprime mortgages that had been spread round the world via derivatives on to the balance sheets of poorly capitalised banks — do not apply in 2023. Credit quality remains decent. And bank capital is two to three times stronger than it was a decade and a half ago.</p><p>Such reassurances have felt empty though in the face of the market panic afflicting bank shares. European banks are down by an average of 19 per cent in a fortnight; US banks by 17 per cent. On Wednesday Credit Suisse shares slumped by 30 per cent intraday, recovering only after central bank intervention.</p><p>Markets were not exactly calm by the end of the week but they had stabilised somewhat. This came after CS made use of a $54bn “bazooka” liquidity intervention by the Swiss National Bank, while the risk of US bank runs was offset by deposit guarantees, new Federal Reserve liquidity facilities and a Wall Street whipround.</p><p>Of course such interventions were not supposed to be necessary after the drama of 2008. The vast package of post-crisis regulatory reforms was designed to ensure there could be no repeat of the domino collapses of banks on both sides of the Atlantic. New minimum levels of equity capital were devised, regulatory stress tests were introduced and liquidity ratios were toughened, dictating that more ready funds should be available to meet customer withdrawal requests.</p><p>This week’s problems in the US were explicitly caused by a failure there to apply these rules to anything other than the eight biggest banks. SVB was brought to its knees by a combination of poor interest rate risk management and lax regulatory oversight, leaving it vulnerable to a run on deposit withdrawals.</p><p>A similar phenomenon afflicted Signature, a crypto-focused bank, hours later. First Republic, another regional bank, became a particular target after panicked investors realised it would not benefit from the special Federal Reserve funding vehicle launched in the wake of SVB’s failure, because it lacked the requisite collateral to tap the scheme.</p><p>As investors looked for victims in Europe, attention settled on Credit Suisse, long seen as the region’s weakest big bank. It shares little or no common ground with SVB — its regulatory oversight is robust, its interest rate risk is hedged. But it has been accident-prone and slow to restructure. A decade or more of bad management and scandals has left the group’s reputation severely tarnished — a particularly bad thing when much of your business model rests on persuading billionaires to entrust their wealth to you. At the same time longstanding shareholders have deserted the bank to be replaced with unhelpful new ones.</p><p>There is even less fundamental reason to distrust the viability of European banks more broadly. Credit losses are low, capital levels are strong and they have come through stress tests.</p><p>But this bullish assessment is still being trumped by bearish nerves — and some logic. Central bank efforts to tame inflation will produce recessionary pressures, pushing banks’ loan losses higher and potentially eating into capital buffers. At the same time unexpected damage may be inflicted on less regulated, but similarly important, parts of the financial system that have got used to ultra-low interest rates, possibly including pensions, private equity and hedge funds. The gilts crisis in the UK pensions market last autumn was a warning sign of such risks.</p><p>Even if the chances of another full-blown financial meltdown are low, our ability to deal with it may be less. Back in 2008, policymakers were able to slash interest rates, launch quantitative easing and flood the banks with rescue capital and liquidity. With government balance sheets today far more stretched, and interest rates needing to rise to combat inflation, the weaponry at their disposal is dangerously diminished.</p></body></html>","source":"lsy1580170736413","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>Are Banks on the Edge of Another 2008-Style Precipice?</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\">\nAre Banks on the Edge of Another 2008-Style Precipice?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-18 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/b579e2b1-0b9c-49ec-ba28-6834a20b690d><strong>Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bearish nerves seem to be winning right now — despite good reasons to hope notUS bank shares are down 17% over the past fortnight © Brendan McDermid/ReutersNorthern Rock, Bear Stearns, Countrywide ...</p>\n\n<a href=\"https://www.ft.com/content/b579e2b1-0b9c-49ec-ba28-6834a20b690d\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.ft.com/content/b579e2b1-0b9c-49ec-ba28-6834a20b690d","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126461227","content_text":"Bearish nerves seem to be winning right now — despite good reasons to hope notUS bank shares are down 17% over the past fortnight © Brendan McDermid/ReutersNorthern Rock, Bear Stearns, Countrywide Financial and Alliance & Leicester. Back in late 2007 and early 2008, when they all failed or were rescued, none of the above was systemically important. And few observers would have predicted the nightmarish crisis that was to strike within the year, felling behemoths from Wall Street’s venerable Lehman Brothers to Royal Bank of Scotland, then the biggest bank in the world.Fifteen years later, after a week in which four banks — Silicon Valley Bank, Signature and First Republic in the US, and Credit Suisse in Europe — teetered and were propped up in one way or another, it is no wonder that investors are questioning whether we are facing 2007-style problems that could soon spiral into another full-blown 2008-style disaster.There are good reasons to hope not. The primary causes of the 2008 crisis — a glut of poor-quality subprime mortgages that had been spread round the world via derivatives on to the balance sheets of poorly capitalised banks — do not apply in 2023. Credit quality remains decent. And bank capital is two to three times stronger than it was a decade and a half ago.Such reassurances have felt empty though in the face of the market panic afflicting bank shares. European banks are down by an average of 19 per cent in a fortnight; US banks by 17 per cent. On Wednesday Credit Suisse shares slumped by 30 per cent intraday, recovering only after central bank intervention.Markets were not exactly calm by the end of the week but they had stabilised somewhat. This came after CS made use of a $54bn “bazooka” liquidity intervention by the Swiss National Bank, while the risk of US bank runs was offset by deposit guarantees, new Federal Reserve liquidity facilities and a Wall Street whipround.Of course such interventions were not supposed to be necessary after the drama of 2008. The vast package of post-crisis regulatory reforms was designed to ensure there could be no repeat of the domino collapses of banks on both sides of the Atlantic. New minimum levels of equity capital were devised, regulatory stress tests were introduced and liquidity ratios were toughened, dictating that more ready funds should be available to meet customer withdrawal requests.This week’s problems in the US were explicitly caused by a failure there to apply these rules to anything other than the eight biggest banks. SVB was brought to its knees by a combination of poor interest rate risk management and lax regulatory oversight, leaving it vulnerable to a run on deposit withdrawals.A similar phenomenon afflicted Signature, a crypto-focused bank, hours later. First Republic, another regional bank, became a particular target after panicked investors realised it would not benefit from the special Federal Reserve funding vehicle launched in the wake of SVB’s failure, because it lacked the requisite collateral to tap the scheme.As investors looked for victims in Europe, attention settled on Credit Suisse, long seen as the region’s weakest big bank. It shares little or no common ground with SVB — its regulatory oversight is robust, its interest rate risk is hedged. But it has been accident-prone and slow to restructure. A decade or more of bad management and scandals has left the group’s reputation severely tarnished — a particularly bad thing when much of your business model rests on persuading billionaires to entrust their wealth to you. At the same time longstanding shareholders have deserted the bank to be replaced with unhelpful new ones.There is even less fundamental reason to distrust the viability of European banks more broadly. Credit losses are low, capital levels are strong and they have come through stress tests.But this bullish assessment is still being trumped by bearish nerves — and some logic. Central bank efforts to tame inflation will produce recessionary pressures, pushing banks’ loan losses higher and potentially eating into capital buffers. At the same time unexpected damage may be inflicted on less regulated, but similarly important, parts of the financial system that have got used to ultra-low interest rates, possibly including pensions, private equity and hedge funds. The gilts crisis in the UK pensions market last autumn was a warning sign of such risks.Even if the chances of another full-blown financial meltdown are low, our ability to deal with it may be less. Back in 2008, policymakers were able to slash interest rates, launch quantitative easing and flood the banks with rescue capital and liquidity. With government balance sheets today far more stretched, and interest rates needing to rise to combat inflation, the weaponry at their disposal is dangerously diminished.","news_type":1},"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949609249,"gmtCreate":1678545670481,"gmtModify":1678545674468,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949609249","repostId":"2318581167","repostType":4,"repost":{"id":"2318581167","pubTimestamp":1678516203,"share":"https://www.laohu8.com/m/news/2318581167?lang=&edition=full","pubTime":"2023-03-11 14:30","market":"us","language":"en","title":"Short Sellers Make $500 Million on SVB’s Demise. Collecting Won’t Be Easy","url":"https://stock-news.laohu8.com/highlight/detail?id=2318581167","media":"Bloomberg","summary":"One-day mark-to-market profit of $513 million on short betsStock remains halted after falling 63% in","content":"<html><head></head><body><ul><li>One-day mark-to-market profit of $513 million on short bets</li><li>Stock remains halted after falling 63% in premarket trading</li></ul><p>(Bloomberg) -- <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a>’s record plunge on Thursday minted short sellers roughly half a billion dollars in paper profits. But they now face a challenge: how to close their positions.</p><p>SVB shares plunged by 60% on Thursday as worries mounted over the bank’s operation, netting traders who bet against the stock a one-day mark-to-market profit of roughly $513 million. The stock fell another 63% in premarket trading Friday before being halted, with the Federal Deposit Insurance Corp. ultimately announcing that it had seized the bank.</p><p>“SIVB’s closure gives short sellers a windfall profit, but now they have to go through the sometimes-difficult process of liquidating their positions and realizing their mark-to-market profits,” said S3 Partners head of predictive analytics Ihor Dusaniwsky.</p><p>“With stock borrow financing costs accruing daily, even on weekends, even though trading is halted there is a continuous reduction of profits until short sellers close out their positions and return their borrowed shares.”</p><p>The SVB collapse comes just a day after crypto-friendly bank <a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a> Corp.’s announcement that it would liquidate and voluntarily wind down operations of its bank. That too minted bets against that heavily-shorted stock a sizeable windfall, although unlike SVB, its shares are still trading.</p></body></html>","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>Short Sellers Make $500 Million on SVB’s Demise. Collecting Won’t Be Easy</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\">\nShort Sellers Make $500 Million on SVB’s Demise. Collecting Won’t Be Easy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-11 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-10/shorts-make-500-million-on-svb-demise-collecting-won-t-be-easy?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One-day mark-to-market profit of $513 million on short betsStock remains halted after falling 63% in premarket trading(Bloomberg) -- SVB Financial Group’s record plunge on Thursday minted short ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-10/shorts-make-500-million-on-svb-demise-collecting-won-t-be-easy?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":{},"source_url":"https://www.bloomberg.com/news/articles/2023-03-10/shorts-make-500-million-on-svb-demise-collecting-won-t-be-easy?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318581167","content_text":"One-day mark-to-market profit of $513 million on short betsStock remains halted after falling 63% in premarket trading(Bloomberg) -- SVB Financial Group’s record plunge on Thursday minted short sellers roughly half a billion dollars in paper profits. But they now face a challenge: how to close their positions.SVB shares plunged by 60% on Thursday as worries mounted over the bank’s operation, netting traders who bet against the stock a one-day mark-to-market profit of roughly $513 million. The stock fell another 63% in premarket trading Friday before being halted, with the Federal Deposit Insurance Corp. ultimately announcing that it had seized the bank.“SIVB’s closure gives short sellers a windfall profit, but now they have to go through the sometimes-difficult process of liquidating their positions and realizing their mark-to-market profits,” said S3 Partners head of predictive analytics Ihor Dusaniwsky.“With stock borrow financing costs accruing daily, even on weekends, even though trading is halted there is a continuous reduction of profits until short sellers close out their positions and return their borrowed shares.”The SVB collapse comes just a day after crypto-friendly bank Silvergate Capital Corp.’s announcement that it would liquidate and voluntarily wind down operations of its bank. That too minted bets against that heavily-shorted stock a sizeable windfall, although unlike SVB, its shares are still trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949609607,"gmtCreate":1678545663210,"gmtModify":1678545665805,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949609607","repostId":"2318756893","repostType":4,"repost":{"id":"2318756893","pubTimestamp":1678516616,"share":"https://www.laohu8.com/m/news/2318756893?lang=&edition=full","pubTime":"2023-03-11 14:36","market":"us","language":"en","title":"Why Coinbase Global Stock Plummeted by 8% Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=2318756893","media":"Motley Fool","summary":"It's guilt by association time in the market following the Silicon Valley Bank swoon.","content":"<html><head></head><body><h2>What happened</h2><p><a href=\"https://laohu8.com/S/COIN\">Coinbase Global </a> stock fell 8% on Friday, and it wasn&#39;t hard to figure out why. Any company associated with the now-collapsed Silicon Valley Bank and its parent <a href=\"https://laohu8.com/S/SIVB\">SVB Financial </a> took hard blows in the market today. Coinbase was a Silicon Valley Bank client back in the day, and the two companies&#39; relationship went a little deeper at one point.</p><h2>So what</h2><p>So to some degree it was understandable that investors would trade out of Coinbase. Panic was in the air Friday in the wake of Silicon Valley Bank&#39;s disintegration and subsequent receivership by the Federal Deposit Insurance Corporation. The fallout was swift and sharp, and numerous companies were damaged by it.</p><p>Coinbase wasn&#39;t only a SVB client; it was also one of that company&#39;s potential shareholdings. In 2014, when cryptocurrency projects and crypto-affiliated businesses were having a tough time securing financing from traditional sources, Coinbase gave a stock warrant to Silicon Valley Bank. Apparently, this was part of the two companies&#39; agreement under which Coinbase could utilize the bank&#39;s services.</p><p>The warrant gave Silicon Valley Bank the right to purchase over 400,000 shares of Coinbase&#39;s class B common stock at a price just over $1 apiece. The warrant was set to expire in June 2024. Its fate isn&#39;t entirely clear, but in SVB&#39;s latest 10K annual report filed with the Securities and Exchange Commission, the company revealed that in 2021 it reaped $116 million in gains &#34;related to Coinbase&#39;s direct listing.&#34;</p><p>Coinbase went public via such a method in April 2021.</p><h2>Now what</h2><p>Investors shouldn&#39;t be swayed on Coinbase one way or another due to the SVB association. The two companies were tied fairly closely together at one point, but seem to have drifted far apart. Since the SVB contagion appears to be quite limited with Coinbase -- at least, as far as we know now -- the exchange operator&#39;s stock should be judged more on its own fundamentals and potential.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Coinbase Global Stock Plummeted by 8% Friday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Coinbase Global Stock Plummeted by 8% Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-11 14:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/10/why-coinbase-global-stock-plummeted-by-8-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happenedCoinbase Global  stock fell 8% on Friday, and it wasn't hard to figure out why. Any company associated with the now-collapsed Silicon Valley Bank and its parent SVB Financial  took hard ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/10/why-coinbase-global-stock-plummeted-by-8-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.fool.com/investing/2023/03/10/why-coinbase-global-stock-plummeted-by-8-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318756893","content_text":"What happenedCoinbase Global  stock fell 8% on Friday, and it wasn't hard to figure out why. Any company associated with the now-collapsed Silicon Valley Bank and its parent SVB Financial  took hard blows in the market today. Coinbase was a Silicon Valley Bank client back in the day, and the two companies' relationship went a little deeper at one point.So whatSo to some degree it was understandable that investors would trade out of Coinbase. Panic was in the air Friday in the wake of Silicon Valley Bank's disintegration and subsequent receivership by the Federal Deposit Insurance Corporation. The fallout was swift and sharp, and numerous companies were damaged by it.Coinbase wasn't only a SVB client; it was also one of that company's potential shareholdings. In 2014, when cryptocurrency projects and crypto-affiliated businesses were having a tough time securing financing from traditional sources, Coinbase gave a stock warrant to Silicon Valley Bank. Apparently, this was part of the two companies' agreement under which Coinbase could utilize the bank's services.The warrant gave Silicon Valley Bank the right to purchase over 400,000 shares of Coinbase's class B common stock at a price just over $1 apiece. The warrant was set to expire in June 2024. Its fate isn't entirely clear, but in SVB's latest 10K annual report filed with the Securities and Exchange Commission, the company revealed that in 2021 it reaped $116 million in gains \"related to Coinbase's direct listing.\"Coinbase went public via such a method in April 2021.Now whatInvestors shouldn't be swayed on Coinbase one way or another due to the SVB association. The two companies were tied fairly closely together at one point, but seem to have drifted far apart. Since the SVB contagion appears to be quite limited with Coinbase -- at least, as far as we know now -- the exchange operator's stock should be judged more on its own fundamentals and potential.","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949609125,"gmtCreate":1678545655168,"gmtModify":1678545658584,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949609125","repostId":"1190583234","repostType":4,"repost":{"id":"1190583234","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1678427464,"share":"https://www.laohu8.com/m/news/1190583234?lang=&edition=full","pubTime":"2023-03-10 13:51","market":"us","language":"en","title":"Reminder: U.S. Daylight Saving Time Begins on Sunday, March 12, 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=1190583234","media":"Tiger Newspress","summary":"U.S. daylight saving time begins on Sunday, March 12, 2023. at 2:00 a.m. The clocks will be moved fo","content":"<html><head></head><body><p>U.S. daylight saving time begins on Sunday, March 12, 2023. at 2:00 a.m. The clocks will be moved forward from 2:00 a.m. to 3:00 a.m.</p><p>At that time, the regular trading period of the US stock market will become:</p><p><b>Beijing Time/SGT</b>: 21:30 p.m. to 04:00 a.m.</p><p><b>AEDT Time (Australian Eastern Daylight Time)</b>: 00:30 a.m. to 07:00 a.m.</p><p><b>NZDT Time (New Zealand Daylight Time)</b>: 02:30 a.m. to 09:00 a.m.</p><p>Daylight saving time will end on Nov. 5 this year. The federal Energy Policy Act of 2005 decreed that standard time starts on the first Sunday of November.</p><p><img src=\"https://static.tigerbbs.com/bb43c4b21c5c5212202ea8e20e5bd617\" tg-width=\"674\" tg-height=\"365\" referrerpolicy=\"no-referrer\"/>Background</p><p>In 1918, the U.S. enacted the first Daylight Saving Time law as a way to conserve fuel. It was reintroduced during World War II.</p><p>In 1973, President Nixon signed into law the Emergency Daylight Saving Time Energy Conservation Act, which made DST permanent in the U.S. This helped reduce confusion throughout the country with some regions of the U.S. participating in the practice and some regions opting out.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: U.S. Daylight Saving Time Begins on Sunday, March 12, 2023</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\">\nReminder: U.S. Daylight Saving Time Begins on Sunday, March 12, 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-03-10 13:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. daylight saving time begins on Sunday, March 12, 2023. at 2:00 a.m. The clocks will be moved forward from 2:00 a.m. to 3:00 a.m.</p><p>At that time, the regular trading period of the US stock market will become:</p><p><b>Beijing Time/SGT</b>: 21:30 p.m. to 04:00 a.m.</p><p><b>AEDT Time (Australian Eastern Daylight Time)</b>: 00:30 a.m. to 07:00 a.m.</p><p><b>NZDT Time (New Zealand Daylight Time)</b>: 02:30 a.m. to 09:00 a.m.</p><p>Daylight saving time will end on Nov. 5 this year. The federal Energy Policy Act of 2005 decreed that standard time starts on the first Sunday of November.</p><p><img src=\"https://static.tigerbbs.com/bb43c4b21c5c5212202ea8e20e5bd617\" tg-width=\"674\" tg-height=\"365\" referrerpolicy=\"no-referrer\"/>Background</p><p>In 1918, the U.S. enacted the first Daylight Saving Time law as a way to conserve fuel. It was reintroduced during World War II.</p><p>In 1973, President Nixon signed into law the Emergency Daylight Saving Time Energy Conservation Act, which made DST permanent in the U.S. This helped reduce confusion throughout the country with some regions of the U.S. participating in the practice and some regions opting out.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190583234","content_text":"U.S. daylight saving time begins on Sunday, March 12, 2023. at 2:00 a.m. The clocks will be moved forward from 2:00 a.m. to 3:00 a.m.At that time, the regular trading period of the US stock market will become:Beijing Time/SGT: 21:30 p.m. to 04:00 a.m.AEDT Time (Australian Eastern Daylight Time): 00:30 a.m. to 07:00 a.m.NZDT Time (New Zealand Daylight Time): 02:30 a.m. to 09:00 a.m.Daylight saving time will end on Nov. 5 this year. The federal Energy Policy Act of 2005 decreed that standard time starts on the first Sunday of November.BackgroundIn 1918, the U.S. enacted the first Daylight Saving Time law as a way to conserve fuel. It was reintroduced during World War II.In 1973, President Nixon signed into law the Emergency Daylight Saving Time Energy Conservation Act, which made DST permanent in the U.S. This helped reduce confusion throughout the country with some regions of the U.S. participating in the practice and some regions opting out.","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949609361,"gmtCreate":1678545643553,"gmtModify":1678545646882,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949609361","repostId":"1121660476","repostType":4,"repost":{"id":"1121660476","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":1678489730,"share":"https://www.laohu8.com/m/news/1121660476?lang=&edition=full","pubTime":"2023-03-11 07:08","market":"us","language":"en","title":"Banking Regulators Shutter SVB, Collapse Unnerves Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1121660476","media":"Reuters","summary":"California regulator closes SVB, appoints FDIC as receiverSVB focused on lending to start-ups; branc","content":"<html><head></head><body><ul><li>California regulator closes SVB, appoints FDIC as receiver</li><li>SVB focused on lending to start-ups; branches to reopen Monday</li><li>FDIC to sell bank assets; &#39;chaos&#39; reported amid withdrawals</li><li>Bank shares fall in U.S., Europe, but well off lows</li><li>Crisis exposes banking &#39;vulnerabilities&#39; amid rising rates</li></ul><p>(Reuters) - California banking regulators on Friday moved quickly to close startup-focused lender <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group </a>, the largest bank failure since the financial crisis, a sudden collapse that prompted the global banking sector to shed billions in market value.</p><p>The regulator appointed the Federal Deposit Insurance Corporation (FDIC) as receiver, putting the tech-heavy lender into receivership and will dispose of its assets, according to a statement.</p><p>Silicon Valley Bank is the first FDIC-insured institution to fail this year, the FDIC said. The last FDIC-insured institution to close was Almena State Bank in Kansas, on October 23, 2020.</p><p>The main office and all branches of Silicon Valley Bank will reopen on March 13 and all insured depositors will have full access to their insured deposits no later than Monday morning, according to the FDIC statement.</p><p>Technology workers whose paychecks relied on the bank were worried about getting paid on Friday. An SVB branch in San Francisco showed a Scotch-taped note telling clients to call a toll-free telephone number.</p><p>SVB, which does business as Silicon Valley Bank, was not immediately available for comment. Its customers were met with locked doors on Friday. A client dashboard was down, a UK-based client of the bank told Reuters.</p><p>Dean Nelson, CEO of Cato Digital, was on a line outside of SVB Santa Clara headquarters, hoping to get answers. Nelson said he was worried about the company&#39;s ability to pay employees and cover expenses.</p><p>&#34;Access to the cash is the biggest problem for the majority of the companies here. If you’re a startup, cash is king. The cash and the workflow, to be able to have the runway is critical.&#34;</p><p>U.S. banks have lost over $100 billion in stock market value over the past two days, with European banks losing around another $50 billion in value, according to a Reuters calculation. Regional banks sold off on Friday.</p><p>Some forecast more pain for the sector.</p><p>&#34;There could be a bloodbath next week as banks are in trouble, the short sellers are out there and they are going to attack every single bank, especially the smaller ones,&#34; said Christopher Whalen, chairman of Whalen Global Advisors.</p><p>U.S. Treasury Secretary Janet Yellen met with banking regulators on Friday expressed &#34;full confidence&#34; in their abilities to respond to the situation, Treasury said.</p><p>The White House on Friday said it had faith and confidence in U.S. financial regulators, when asked about the failure of SVB. Cecilia Rouse, who chairs the Council of Economic Advisers, said the U.S. banking system was fundamentally stronger than it was during the 2008 financial crisis.</p><p>The FDIC said it would seek to sell SVB&#39;s assets and that future dividend payments may be made to uninsured depositors.</p><p>&#34;The first bank failure since 2020 is a wake-up call,&#34; said Matthew Goldberg, an analyst at Bankrate. &#34;Even during times when there are no bank failures or few bank failures, you always have to make sure your money is safe and within FDIC limits and rules at an FDIC-insured bank.&#34;</p><h3>PAIN SPREADS</h3><p>The bank scrambled this week to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares.</p><p>Shares of SVB remained halted on Friday after tumbling as much as 66% in premarket trading. While the suspension of SVB&#39;s shares made it hard to assess how much value was left at SVB, the trading of its bonds offered clues. Most of its long-dated bonds collapsed in value on Friday, with a May 2028 bond trading down from 85 cents to 36 cents on the dollar.</p><p>The rout in SVB&#39;s stock, which began on Thursday, spilled over into other U.S. and European banks, with the episode spreading concern about hidden risks in the sector and its vulnerability to the rising cost of money. But banking shares were well off their lows on Friday.</p><p>U.S. lenders First Republic Bank (FRC.N) and Western Alliance (WAL.N) said on Friday their liquidity and deposits remained strong, aiming to calm investors.</p><p>The S&amp;P 500 regional banks index (.SPLRCBNKS) dropped 4.3%, bringing its loss this week to 18%, its worst week since 2009. The S&amp;P 500 banks index (.SPXBK), which includes both large and medium banks, fell 0.5%, bringing its loss this week to over 11.5%.</p><p>The problems at SVB underscore how a campaign by the U.S. Federal Reserve and other central banks to fight inflation by ending t he era of cheap money is exposing vulnerabilities in the market.</p><p>Global borrowing costs have risen at the fastest pace in decades over the last year as the Federal Reserve lifted U.S. rates by 450 basis points from near zero, while the European Central Bank hiked the euro zone&#39;s by 300 bps.</p><p>&#34;Silicon Valley Bank is shedding light on vulnerabilities across the US banking sector, primarily in the bond holdings that many large institutions hold,&#34; said Karl Schamotta, Chief Market Strategist at Corpay.</p><h3>&#39;CHAOS&#39; AS CLIENTS RUSH TO WITHDRAW</h3><p>As higher interest rates caused the market for initial public offerings to shut down for many startups and made private fundraising more costly, some SVB clients started pulling money out.</p><p>To fund the redemptions, SVB sold on Wednesday a $21 billion bond portfolio consisting mostly of U.S. Treasuries. SVB announced on Thursday it would sell $2.25 billion in common equity and preferred convertible stock to fill its funding hole.</p><p>One UK-based principal at a venture capital firm, who asked to be anonymous because he is not authorized to speak to press, said his firm had rushed to pull “single digit millions” from four accounts at Silicon Valley Bank late on Thursday.</p><p>The source characterized the situation as &#34;chaos.&#34;</p><p>The technology sector has been hit hard and stress has appeared in other corners of the market as rates rise.</p><p>Sources familiar with the situation said on Thursday that some startups had advised their founders to pull out money from SVB as a precautionary measure.</p><p>Short sellers in SVB have profited by $717 million since Wednesday&#39;s close, according to analytics firm Ortex.</p><p>&#34;The market is tired of companies that do business with unprofitable companies or that are unprofitable themselves,&#34; said David Trainer, CEO of New Constructs, an investment research firm.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Banking Regulators Shutter SVB, Collapse Unnerves Investors</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\">\nBanking Regulators Shutter SVB, Collapse Unnerves Investors\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\">2023-03-11 07:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>California regulator closes SVB, appoints FDIC as receiver</li><li>SVB focused on lending to start-ups; branches to reopen Monday</li><li>FDIC to sell bank assets; &#39;chaos&#39; reported amid withdrawals</li><li>Bank shares fall in U.S., Europe, but well off lows</li><li>Crisis exposes banking &#39;vulnerabilities&#39; amid rising rates</li></ul><p>(Reuters) - California banking regulators on Friday moved quickly to close startup-focused lender <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group </a>, the largest bank failure since the financial crisis, a sudden collapse that prompted the global banking sector to shed billions in market value.</p><p>The regulator appointed the Federal Deposit Insurance Corporation (FDIC) as receiver, putting the tech-heavy lender into receivership and will dispose of its assets, according to a statement.</p><p>Silicon Valley Bank is the first FDIC-insured institution to fail this year, the FDIC said. The last FDIC-insured institution to close was Almena State Bank in Kansas, on October 23, 2020.</p><p>The main office and all branches of Silicon Valley Bank will reopen on March 13 and all insured depositors will have full access to their insured deposits no later than Monday morning, according to the FDIC statement.</p><p>Technology workers whose paychecks relied on the bank were worried about getting paid on Friday. An SVB branch in San Francisco showed a Scotch-taped note telling clients to call a toll-free telephone number.</p><p>SVB, which does business as Silicon Valley Bank, was not immediately available for comment. Its customers were met with locked doors on Friday. A client dashboard was down, a UK-based client of the bank told Reuters.</p><p>Dean Nelson, CEO of Cato Digital, was on a line outside of SVB Santa Clara headquarters, hoping to get answers. Nelson said he was worried about the company&#39;s ability to pay employees and cover expenses.</p><p>&#34;Access to the cash is the biggest problem for the majority of the companies here. If you’re a startup, cash is king. The cash and the workflow, to be able to have the runway is critical.&#34;</p><p>U.S. banks have lost over $100 billion in stock market value over the past two days, with European banks losing around another $50 billion in value, according to a Reuters calculation. Regional banks sold off on Friday.</p><p>Some forecast more pain for the sector.</p><p>&#34;There could be a bloodbath next week as banks are in trouble, the short sellers are out there and they are going to attack every single bank, especially the smaller ones,&#34; said Christopher Whalen, chairman of Whalen Global Advisors.</p><p>U.S. Treasury Secretary Janet Yellen met with banking regulators on Friday expressed &#34;full confidence&#34; in their abilities to respond to the situation, Treasury said.</p><p>The White House on Friday said it had faith and confidence in U.S. financial regulators, when asked about the failure of SVB. Cecilia Rouse, who chairs the Council of Economic Advisers, said the U.S. banking system was fundamentally stronger than it was during the 2008 financial crisis.</p><p>The FDIC said it would seek to sell SVB&#39;s assets and that future dividend payments may be made to uninsured depositors.</p><p>&#34;The first bank failure since 2020 is a wake-up call,&#34; said Matthew Goldberg, an analyst at Bankrate. &#34;Even during times when there are no bank failures or few bank failures, you always have to make sure your money is safe and within FDIC limits and rules at an FDIC-insured bank.&#34;</p><h3>PAIN SPREADS</h3><p>The bank scrambled this week to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares.</p><p>Shares of SVB remained halted on Friday after tumbling as much as 66% in premarket trading. While the suspension of SVB&#39;s shares made it hard to assess how much value was left at SVB, the trading of its bonds offered clues. Most of its long-dated bonds collapsed in value on Friday, with a May 2028 bond trading down from 85 cents to 36 cents on the dollar.</p><p>The rout in SVB&#39;s stock, which began on Thursday, spilled over into other U.S. and European banks, with the episode spreading concern about hidden risks in the sector and its vulnerability to the rising cost of money. But banking shares were well off their lows on Friday.</p><p>U.S. lenders First Republic Bank (FRC.N) and Western Alliance (WAL.N) said on Friday their liquidity and deposits remained strong, aiming to calm investors.</p><p>The S&amp;P 500 regional banks index (.SPLRCBNKS) dropped 4.3%, bringing its loss this week to 18%, its worst week since 2009. The S&amp;P 500 banks index (.SPXBK), which includes both large and medium banks, fell 0.5%, bringing its loss this week to over 11.5%.</p><p>The problems at SVB underscore how a campaign by the U.S. Federal Reserve and other central banks to fight inflation by ending t he era of cheap money is exposing vulnerabilities in the market.</p><p>Global borrowing costs have risen at the fastest pace in decades over the last year as the Federal Reserve lifted U.S. rates by 450 basis points from near zero, while the European Central Bank hiked the euro zone&#39;s by 300 bps.</p><p>&#34;Silicon Valley Bank is shedding light on vulnerabilities across the US banking sector, primarily in the bond holdings that many large institutions hold,&#34; said Karl Schamotta, Chief Market Strategist at Corpay.</p><h3>&#39;CHAOS&#39; AS CLIENTS RUSH TO WITHDRAW</h3><p>As higher interest rates caused the market for initial public offerings to shut down for many startups and made private fundraising more costly, some SVB clients started pulling money out.</p><p>To fund the redemptions, SVB sold on Wednesday a $21 billion bond portfolio consisting mostly of U.S. Treasuries. SVB announced on Thursday it would sell $2.25 billion in common equity and preferred convertible stock to fill its funding hole.</p><p>One UK-based principal at a venture capital firm, who asked to be anonymous because he is not authorized to speak to press, said his firm had rushed to pull “single digit millions” from four accounts at Silicon Valley Bank late on Thursday.</p><p>The source characterized the situation as &#34;chaos.&#34;</p><p>The technology sector has been hit hard and stress has appeared in other corners of the market as rates rise.</p><p>Sources familiar with the situation said on Thursday that some startups had advised their founders to pull out money from SVB as a precautionary measure.</p><p>Short sellers in SVB have profited by $717 million since Wednesday&#39;s close, according to analytics firm Ortex.</p><p>&#34;The market is tired of companies that do business with unprofitable companies or that are unprofitable themselves,&#34; said David Trainer, CEO of New Constructs, an investment research firm.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121660476","content_text":"California regulator closes SVB, appoints FDIC as receiverSVB focused on lending to start-ups; branches to reopen MondayFDIC to sell bank assets; 'chaos' reported amid withdrawalsBank shares fall in U.S., Europe, but well off lowsCrisis exposes banking 'vulnerabilities' amid rising rates(Reuters) - California banking regulators on Friday moved quickly to close startup-focused lender SVB Financial Group , the largest bank failure since the financial crisis, a sudden collapse that prompted the global banking sector to shed billions in market value.The regulator appointed the Federal Deposit Insurance Corporation (FDIC) as receiver, putting the tech-heavy lender into receivership and will dispose of its assets, according to a statement.Silicon Valley Bank is the first FDIC-insured institution to fail this year, the FDIC said. The last FDIC-insured institution to close was Almena State Bank in Kansas, on October 23, 2020.The main office and all branches of Silicon Valley Bank will reopen on March 13 and all insured depositors will have full access to their insured deposits no later than Monday morning, according to the FDIC statement.Technology workers whose paychecks relied on the bank were worried about getting paid on Friday. An SVB branch in San Francisco showed a Scotch-taped note telling clients to call a toll-free telephone number.SVB, which does business as Silicon Valley Bank, was not immediately available for comment. Its customers were met with locked doors on Friday. A client dashboard was down, a UK-based client of the bank told Reuters.Dean Nelson, CEO of Cato Digital, was on a line outside of SVB Santa Clara headquarters, hoping to get answers. Nelson said he was worried about the company's ability to pay employees and cover expenses.\"Access to the cash is the biggest problem for the majority of the companies here. If you’re a startup, cash is king. The cash and the workflow, to be able to have the runway is critical.\"U.S. banks have lost over $100 billion in stock market value over the past two days, with European banks losing around another $50 billion in value, according to a Reuters calculation. Regional banks sold off on Friday.Some forecast more pain for the sector.\"There could be a bloodbath next week as banks are in trouble, the short sellers are out there and they are going to attack every single bank, especially the smaller ones,\" said Christopher Whalen, chairman of Whalen Global Advisors.U.S. Treasury Secretary Janet Yellen met with banking regulators on Friday expressed \"full confidence\" in their abilities to respond to the situation, Treasury said.The White House on Friday said it had faith and confidence in U.S. financial regulators, when asked about the failure of SVB. Cecilia Rouse, who chairs the Council of Economic Advisers, said the U.S. banking system was fundamentally stronger than it was during the 2008 financial crisis.The FDIC said it would seek to sell SVB's assets and that future dividend payments may be made to uninsured depositors.\"The first bank failure since 2020 is a wake-up call,\" said Matthew Goldberg, an analyst at Bankrate. \"Even during times when there are no bank failures or few bank failures, you always have to make sure your money is safe and within FDIC limits and rules at an FDIC-insured bank.\"PAIN SPREADSThe bank scrambled this week to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares.Shares of SVB remained halted on Friday after tumbling as much as 66% in premarket trading. While the suspension of SVB's shares made it hard to assess how much value was left at SVB, the trading of its bonds offered clues. Most of its long-dated bonds collapsed in value on Friday, with a May 2028 bond trading down from 85 cents to 36 cents on the dollar.The rout in SVB's stock, which began on Thursday, spilled over into other U.S. and European banks, with the episode spreading concern about hidden risks in the sector and its vulnerability to the rising cost of money. But banking shares were well off their lows on Friday.U.S. lenders First Republic Bank (FRC.N) and Western Alliance (WAL.N) said on Friday their liquidity and deposits remained strong, aiming to calm investors.The S&P 500 regional banks index (.SPLRCBNKS) dropped 4.3%, bringing its loss this week to 18%, its worst week since 2009. The S&P 500 banks index (.SPXBK), which includes both large and medium banks, fell 0.5%, bringing its loss this week to over 11.5%.The problems at SVB underscore how a campaign by the U.S. Federal Reserve and other central banks to fight inflation by ending t he era of cheap money is exposing vulnerabilities in the market.Global borrowing costs have risen at the fastest pace in decades over the last year as the Federal Reserve lifted U.S. rates by 450 basis points from near zero, while the European Central Bank hiked the euro zone's by 300 bps.\"Silicon Valley Bank is shedding light on vulnerabilities across the US banking sector, primarily in the bond holdings that many large institutions hold,\" said Karl Schamotta, Chief Market Strategist at Corpay.'CHAOS' AS CLIENTS RUSH TO WITHDRAWAs higher interest rates caused the market for initial public offerings to shut down for many startups and made private fundraising more costly, some SVB clients started pulling money out.To fund the redemptions, SVB sold on Wednesday a $21 billion bond portfolio consisting mostly of U.S. Treasuries. SVB announced on Thursday it would sell $2.25 billion in common equity and preferred convertible stock to fill its funding hole.One UK-based principal at a venture capital firm, who asked to be anonymous because he is not authorized to speak to press, said his firm had rushed to pull “single digit millions” from four accounts at Silicon Valley Bank late on Thursday.The source characterized the situation as \"chaos.\"The technology sector has been hit hard and stress has appeared in other corners of the market as rates rise.Sources familiar with the situation said on Thursday that some startups had advised their founders to pull out money from SVB as a precautionary measure.Short sellers in SVB have profited by $717 million since Wednesday's close, according to analytics firm Ortex.\"The market is tired of companies that do business with unprofitable companies or that are unprofitable themselves,\" said David Trainer, CEO of New Constructs, an investment research firm.","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949609931,"gmtCreate":1678545636223,"gmtModify":1678545639606,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949609931","repostId":"1188991015","repostType":4,"repost":{"id":"1188991015","pubTimestamp":1678524311,"share":"https://www.laohu8.com/m/news/1188991015?lang=&edition=full","pubTime":"2023-03-11 16:45","market":"us","language":"en","title":"Jobs Report, Bank Failure Complicate Outlook on Interest Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1188991015","media":"The Wall Street Journal","summary":"Fed officials could debate whether to raise rates by a quarter- or half-percentage-point at their next meeting","content":"<html><head></head><body><p>The February employment report does little to sharply alter the economic outlook for Federal Reserve officials who are considering how much to raise interest rates at their coming meeting.</p><p>But the failure of a California bank on Friday led investors on Wall Street to pare their bets that the central bank would opt for a larger half-percentage-point increase, rather than a smaller quarter-point bump, amid broader concerns about financial stability risks.</p><p>Investors in interest-rate futures markets on Friday afternoon saw a nearly 60% probability of a quarter-point, or 25-basis-point, rate rise, according to CME Group. The probability of a larger 50-basis-point increase fell to 40%, from 70% on Thursday.</p><p>Employers added 311,000 jobs in February and revisions to earlier months were minor, meaning job gains averaged more than 350,000 a month since December—robust growth in an already tight labor market. The unemployment rate rose to 3.6% last month because more people looked for jobs, a further sign of economic strength.</p><p>But wage growth moderated last month, suggesting that strong labor demand isn’t spurring rapid increases in workers’ paychecks. Average hourly earnings for private-sector workers rose 4.6% over the 12 months through February, but the pace slowed to an annualized 3.6% over the past three months.</p><p>For policy makers, “if you are vacillating between 25 and 50, you’d be more inclined to go 25 at this point because of the added concern” over the failure of Silicon Valley Bank, said Eric Rosengren, who served as president of the Boston Fed from 2007 to 2021.</p><p>Friday’s employment report shows the job market is too hot, said Mr. Rosengren. But the problems at Silicon Valley Bank illustrate how raising rates rapidly gives the Fed less time to monitor the delayed impact of its actions, he said.</p><p>“Having a close to $200 billion bank have a liquidity problem that caused a failure in the middle of the week has to be a source of concern,” said Mr. Rosengren. Fed officials are “going to want to be able to evaluate what impact it is going to have on broader financial markets.”</p><p>Fed policy makers were set to begin their traditional premeeting quiet period Saturday ahead of their March 21-22 meeting.</p><p>Fed Chair Jerome Powell this week said the central bank was keeping its options open in considering whether to raise its benchmark federal-funds rate by a quarter-point—as officials did last month and had been widely anticipated until very recently—or by a larger half-point, as they did in December.</p><p>“I stress that no decision has been made on this,” Mr. Powell said Wednesday. “But if the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes.”</p><p>In addition to Friday’s employment report, he said two inflation reports next week, including the consumer-price index due Tuesday, could influence the decision.</p><p>Economists at Bank of America and Morgan Stanley said Friday they believed the smaller quarter-point rate rise was more likely, but that was based on their expectations that core-CPI prices, which exclude food and energy, will rise 0.4% in February.</p><p>“Absent a surprise on Tuesday, we think they will be comfortable” with a quarter-point rate rise, said Vincent Reinhart, chief economist at Dreyfus and Mellon and a former senior Fed economist.</p><p>Others think the inflation report will need to be milder to prevent the Fed from raising rates by a half-point. Barring a major surprise on inflation, signs of broad-based strength in the labor market “strongly imply that the Federal Reserve will need to hike its policy rate by 50 basis points” this month, said Joseph Brusuelas, chief economist at consulting firm RSM U.S.</p><p>He said hardship due to interest-rate risks “among select small and medium-sized banks is not sufficient to cause the Fed to pull back from its primary objective” of combating inflation.</p><p>If the CPI doesn’t notably slow down in February, “it will have been very hard to have opened the door to 50 and not walk through that door,” said Jason Furman, a Harvard economist who served as a top adviser to former President Barack Obama.</p><p>Details on how the Federal Deposit Insurance Corp., which took control of the Silicon Valley Bank on Friday, resolves the bank could shape any spillovers to the rest of the banking system, especially small and midsize banks with a similar profile.</p><p>SVB was focused heavily on lending to venture-capital firms, and the ultimate resolution of the bank’s assets could have broader implications for endowments and pension funds that have increased their exposures to venture capital, said Mr. Rosengren.</p><p>Fed officials slowed their pace of rate rises last month when they increased their benchmark rate by a quarter-percentage-point to a range between 4.5% and 4.75%. That followed increases of a larger 0.5 percentage point in December and 0.75 percentage point in November and at three previous meetings.</p><p>Officials said last month that moving in smaller steps would better allow them to assess the effects of their rapid increases last year and reduce the risk of raising rates too much.</p><p>Mr. Powell said this week officials were likely to project at their coming meeting that they would raise rates to higher levels than they previously anticipated to bring inflation down. In December, most of them thought they would raise the fed-funds rate to between 5% and 5.5% this year.</p><p>Since Fed officials last met on Feb. 1, several economic reports have revealed hiring, spending and inflation were stronger in January than expected. More important, data revisions showed inflation and labor demand didn’t soften as much as initially reported late last year.</p><p>“We’re looking at a reversal, really, of what we thought we were seeing to some extent,” said Mr. Powell on Tuesday. “Nothing about the data suggests to me that we’ve tightened too much.”</p><p>The Fed has been trying to curb investment, spending and hiring by raising rates, which makes it more expensive to borrow and can push down the price of assets such as stocks and real estate. The fed-funds rate influences other borrowing costs throughout the economy.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jobs Report, Bank Failure Complicate Outlook on Interest Rates</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\">\nJobs Report, Bank Failure Complicate Outlook on Interest Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-11 16:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/jobs-report-offers-little-to-change-interest-rate-outlook-for-the-fed-2b5bf1d4?mod=economy_lead_pos2><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The February employment report does little to sharply alter the economic outlook for Federal Reserve officials who are considering how much to raise interest rates at their coming meeting.But the ...</p>\n\n<a href=\"https://www.wsj.com/articles/jobs-report-offers-little-to-change-interest-rate-outlook-for-the-fed-2b5bf1d4?mod=economy_lead_pos2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.wsj.com/articles/jobs-report-offers-little-to-change-interest-rate-outlook-for-the-fed-2b5bf1d4?mod=economy_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188991015","content_text":"The February employment report does little to sharply alter the economic outlook for Federal Reserve officials who are considering how much to raise interest rates at their coming meeting.But the failure of a California bank on Friday led investors on Wall Street to pare their bets that the central bank would opt for a larger half-percentage-point increase, rather than a smaller quarter-point bump, amid broader concerns about financial stability risks.Investors in interest-rate futures markets on Friday afternoon saw a nearly 60% probability of a quarter-point, or 25-basis-point, rate rise, according to CME Group. The probability of a larger 50-basis-point increase fell to 40%, from 70% on Thursday.Employers added 311,000 jobs in February and revisions to earlier months were minor, meaning job gains averaged more than 350,000 a month since December—robust growth in an already tight labor market. The unemployment rate rose to 3.6% last month because more people looked for jobs, a further sign of economic strength.But wage growth moderated last month, suggesting that strong labor demand isn’t spurring rapid increases in workers’ paychecks. Average hourly earnings for private-sector workers rose 4.6% over the 12 months through February, but the pace slowed to an annualized 3.6% over the past three months.For policy makers, “if you are vacillating between 25 and 50, you’d be more inclined to go 25 at this point because of the added concern” over the failure of Silicon Valley Bank, said Eric Rosengren, who served as president of the Boston Fed from 2007 to 2021.Friday’s employment report shows the job market is too hot, said Mr. Rosengren. But the problems at Silicon Valley Bank illustrate how raising rates rapidly gives the Fed less time to monitor the delayed impact of its actions, he said.“Having a close to $200 billion bank have a liquidity problem that caused a failure in the middle of the week has to be a source of concern,” said Mr. Rosengren. Fed officials are “going to want to be able to evaluate what impact it is going to have on broader financial markets.”Fed policy makers were set to begin their traditional premeeting quiet period Saturday ahead of their March 21-22 meeting.Fed Chair Jerome Powell this week said the central bank was keeping its options open in considering whether to raise its benchmark federal-funds rate by a quarter-point—as officials did last month and had been widely anticipated until very recently—or by a larger half-point, as they did in December.“I stress that no decision has been made on this,” Mr. Powell said Wednesday. “But if the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes.”In addition to Friday’s employment report, he said two inflation reports next week, including the consumer-price index due Tuesday, could influence the decision.Economists at Bank of America and Morgan Stanley said Friday they believed the smaller quarter-point rate rise was more likely, but that was based on their expectations that core-CPI prices, which exclude food and energy, will rise 0.4% in February.“Absent a surprise on Tuesday, we think they will be comfortable” with a quarter-point rate rise, said Vincent Reinhart, chief economist at Dreyfus and Mellon and a former senior Fed economist.Others think the inflation report will need to be milder to prevent the Fed from raising rates by a half-point. Barring a major surprise on inflation, signs of broad-based strength in the labor market “strongly imply that the Federal Reserve will need to hike its policy rate by 50 basis points” this month, said Joseph Brusuelas, chief economist at consulting firm RSM U.S.He said hardship due to interest-rate risks “among select small and medium-sized banks is not sufficient to cause the Fed to pull back from its primary objective” of combating inflation.If the CPI doesn’t notably slow down in February, “it will have been very hard to have opened the door to 50 and not walk through that door,” said Jason Furman, a Harvard economist who served as a top adviser to former President Barack Obama.Details on how the Federal Deposit Insurance Corp., which took control of the Silicon Valley Bank on Friday, resolves the bank could shape any spillovers to the rest of the banking system, especially small and midsize banks with a similar profile.SVB was focused heavily on lending to venture-capital firms, and the ultimate resolution of the bank’s assets could have broader implications for endowments and pension funds that have increased their exposures to venture capital, said Mr. Rosengren.Fed officials slowed their pace of rate rises last month when they increased their benchmark rate by a quarter-percentage-point to a range between 4.5% and 4.75%. That followed increases of a larger 0.5 percentage point in December and 0.75 percentage point in November and at three previous meetings.Officials said last month that moving in smaller steps would better allow them to assess the effects of their rapid increases last year and reduce the risk of raising rates too much.Mr. Powell said this week officials were likely to project at their coming meeting that they would raise rates to higher levels than they previously anticipated to bring inflation down. In December, most of them thought they would raise the fed-funds rate to between 5% and 5.5% this year.Since Fed officials last met on Feb. 1, several economic reports have revealed hiring, spending and inflation were stronger in January than expected. More important, data revisions showed inflation and labor demand didn’t soften as much as initially reported late last year.“We’re looking at a reversal, really, of what we thought we were seeing to some extent,” said Mr. Powell on Tuesday. “Nothing about the data suggests to me that we’ve tightened too much.”The Fed has been trying to curb investment, spending and hiring by raising rates, which makes it more expensive to borrow and can push down the price of assets such as stocks and real estate. The fed-funds rate influences other borrowing costs throughout the economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":46,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949133729,"gmtCreate":1678417462461,"gmtModify":1678417466182,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949133729","repostId":"1106455600","repostType":4,"repost":{"id":"1106455600","pubTimestamp":1678413771,"share":"https://www.laohu8.com/m/news/1106455600?lang=&edition=full","pubTime":"2023-03-10 10:02","market":"us","language":"en","title":"Inflation Is Stickier Than Previously Thought, NY Fed Study Shows","url":"https://stock-news.laohu8.com/highlight/detail?id=1106455600","media":"Bloomberg","summary":"Revisions revealed stronger inflation for final months of 2022Hot January readings also point to per","content":"<html><head></head><body><ul><li>Revisions revealed stronger inflation for final months of 2022</li><li>Hot January readings also point to persistent price pressures</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9531aec91b6a850e579b0e275da6cf62\" tg-width=\"1000\" tg-height=\"667\" width=\"100%\" height=\"auto\"/><span>Shoppers in the SoHo neighborhood of New York.Photographer: Jordana Bermudez/Bloomberg</span></p><p>Inflation seems poised to stick around for longer than previously expected, according to new research from the Federal Reserve Bank of New York.</p><p>Revisions to US inflation reports released in January showed that price gains in the last three months of 2022 as measured by the personal consumption expenditure price index were stronger and more broad based than previously thought, New York Fed researchers explained in a blog post published Thursday. Those adjustments, combined with data showing that another hot inflation reading for January, point to more persistent price pressures, the researchers said,</p><p>Their analysis is based on a New York Fed model known as the Multivariate Core Trend, or MCT. Using the revised data for the end of 2022, the December estimate for the model would have been 4.3%, greater than the 3.7% that was previously calculated. The reading rose to 4.9% in January.</p><p>“The current release of the MCT implies a significant upward revision in estimated inflation persistence,” wrote researchers Martín Almuzara and Argia Sbordone.</p><p>That is not great news for policymakers fighting to keep robust price gains from becoming entrenched in the economy and in consumers’ mindsets. As Fed Chair Jerome Powell told lawmakers on Capitol Hill this week, recent economic data pointing to persistent inflation means officials are likely to need to take interest rates higher than they previously anticipated.</p><p>Powell also said that officials are prepared to accelerate the pace of their rate increases if economic data keeps coming in hot. Officials stepped down to a 25 basis point rate increase in February following a half-point hike in December and four 75 basis-point increases last year. They acted aggressively last year as inflation soared and it remains well above their 2% target.</p><p>Following Powell’s remarks, investors upped their bets that the Fed will return to a half-point hike when they meet again on March 21-22 and now are more or less evenly split on the odds of it happening. The Fed chief said the decision would be based on the “totality” of the incoming economic data, including an update on the labor market coming Friday morning and a fresh reading on consumer prices to be released March 14.</p><p>The New York Fed researchers said the expectation for more persistent inflation can be explained in “roughly equal parts” by the trends in prices for core goods and core services excluding housing components. “By contrast, the contribution of housing inflation, while still elevated, appears to have stabilized in the more recent months,” they wrote.</p></body></html>","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>Inflation Is Stickier Than Previously Thought, NY Fed Study Shows</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\">\nInflation Is Stickier Than Previously Thought, NY Fed Study Shows\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-10 10:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-09/ny-fed-study-finds-significant-shift-up-in-persistent-inflation?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Revisions revealed stronger inflation for final months of 2022Hot January readings also point to persistent price pressuresShoppers in the SoHo neighborhood of New York.Photographer: Jordana Bermudez/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-09/ny-fed-study-finds-significant-shift-up-in-persistent-inflation?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-09/ny-fed-study-finds-significant-shift-up-in-persistent-inflation?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106455600","content_text":"Revisions revealed stronger inflation for final months of 2022Hot January readings also point to persistent price pressuresShoppers in the SoHo neighborhood of New York.Photographer: Jordana Bermudez/BloombergInflation seems poised to stick around for longer than previously expected, according to new research from the Federal Reserve Bank of New York.Revisions to US inflation reports released in January showed that price gains in the last three months of 2022 as measured by the personal consumption expenditure price index were stronger and more broad based than previously thought, New York Fed researchers explained in a blog post published Thursday. Those adjustments, combined with data showing that another hot inflation reading for January, point to more persistent price pressures, the researchers said,Their analysis is based on a New York Fed model known as the Multivariate Core Trend, or MCT. Using the revised data for the end of 2022, the December estimate for the model would have been 4.3%, greater than the 3.7% that was previously calculated. The reading rose to 4.9% in January.“The current release of the MCT implies a significant upward revision in estimated inflation persistence,” wrote researchers Martín Almuzara and Argia Sbordone.That is not great news for policymakers fighting to keep robust price gains from becoming entrenched in the economy and in consumers’ mindsets. As Fed Chair Jerome Powell told lawmakers on Capitol Hill this week, recent economic data pointing to persistent inflation means officials are likely to need to take interest rates higher than they previously anticipated.Powell also said that officials are prepared to accelerate the pace of their rate increases if economic data keeps coming in hot. Officials stepped down to a 25 basis point rate increase in February following a half-point hike in December and four 75 basis-point increases last year. They acted aggressively last year as inflation soared and it remains well above their 2% target.Following Powell’s remarks, investors upped their bets that the Fed will return to a half-point hike when they meet again on March 21-22 and now are more or less evenly split on the odds of it happening. The Fed chief said the decision would be based on the “totality” of the incoming economic data, including an update on the labor market coming Friday morning and a fresh reading on consumer prices to be released March 14.The New York Fed researchers said the expectation for more persistent inflation can be explained in “roughly equal parts” by the trends in prices for core goods and core services excluding housing components. “By contrast, the contribution of housing inflation, while still elevated, appears to have stabilized in the more recent months,” they wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949133496,"gmtCreate":1678417454015,"gmtModify":1678417457753,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949133496","repostId":"2318291798","repostType":4,"repost":{"id":"2318291798","pubTimestamp":1678416179,"share":"https://www.laohu8.com/m/news/2318291798?lang=&edition=full","pubTime":"2023-03-10 10:42","market":"us","language":"en","title":"Elon Musk Is Planning a Texas Utopia—His Own Town","url":"https://stock-news.laohu8.com/highlight/detail?id=2318291798","media":"The Wall Street Journal","summary":"The entrepreneur is laying plans for a new community outside Austin next to Boring and SpaceX facilities, dubbed Snailbrook","content":"<html><head></head><body><p>AUSTIN, Texas -- Elon Musk is planning to build his own town on part of thousands of acres of newly purchased pasture and farmland outside the Texas capital, according to deeds and other land records and people familiar with the project.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d3d259cfc11ad20d45e9703267aa871\" tg-width=\"1893\" tg-height=\"1266\" width=\"100%\" height=\"auto\"/><span>PHOTO ILLUSTRATION: DAVE COLE/WSJ</span></p><p>In meetings with landowners and real-estate agents, Mr. Musk and employees of his companies have described his vision as a sort of Texas utopia along the Colorado River, where his employees could live and work.</p><p>Executives at the Boring Co., Mr. Musk&#39;s tunnel operation, have discussed and researched incorporating the town in Bastrop County, about 35 miles from Austin, which would allow Mr. Musk to set some regulations in his own municipality and expedite his plans, according to people familiar with Mr. Musk&#39;s projects.</p><p>They say Mr. Musk and his top executives want his Austin-area employees, including workers at Boring, electric-car maker Tesla Inc. and space and exploration company SpaceX, to be able to live in new homes with below-market rents.</p><p><b>Land tied to Elon Musk</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f07d719604386e7f92e471744a7df5a\" tg-width=\"1049\" tg-height=\"702\" referrerpolicy=\"no-referrer\"/><span>Note: Property boundaries are approximate. Satellite imagery for Travis County as of January 2022. Bastrop County is a composite of imagery from January 2022 and November 2022.  Source: Maxar and Google Earth (satellite imagery); Travis and Bastrop Central Appraisal Districts (property boundaries) Andrew  Mollica / THE WALL STREET JOURNAL</span></p><p>The planned town is adjacent to Boring and SpaceX facilities now under construction. The site already includes a group of modular homes, a pool, an outdoor sports area and a gym, according to Facebook photos and people familiar with the town. Signs hanging from poles read &#34;welcome, snailbrook, tx, est. 2021.&#34;</p><p>Snailbrook is a reference to Boring&#39;s mascot. When Mr. Musk started the tunneling venture, he challenged employees to build boring machines that move &#34;faster than a snail.&#34;</p><p>Some Boring employees, including Steve Davis, the company&#39;s president and a top lieutenant to Mr. Musk, have at times described even bigger plans, including creating an entire city, according to some of those people and text messages viewed by The Wall Street Journal.</p><p>During an all-hands meeting of Boring employees last year, Mr. Davis said they would have to hold an election for mayor, according to text messages and people familiar with the meeting.</p><p>Mr. Musk, his former girlfriend, who is the singer Grimes, Kanye West and Mr. West&#39;s architectural designer discussed several times last year what a Musk town might look like, according to people familiar with the discussions. Those talks included broad ideas and some visual mock-ups, according to one of the people, but haven&#39;t resulted in concrete plans.</p><p><img src=\"https://static.tigerbbs.com/d9e487208fe1a7cd82ae132aa6d0b88c\" tg-width=\"1053\" tg-height=\"701\" referrerpolicy=\"no-referrer\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/de40ea3143ffa8f43a82cf430b18cc84\" tg-width=\"1050\" tg-height=\"692\" referrerpolicy=\"no-referrer\"/><span>The Snailbrook neighborhood, top, near a Boring Co. construction site. Documents filed in the Bastrop County Commissioners Court in January, above, show plans for 110 more homes near the land where Snailbrook is located.</span></p><p>Representatives for Mr. West, who goes by Ye, and Grimes, whose real name is Claire Boucher, couldn&#39;t be reached for comment.</p><p>Under Texas law, a town needs at least 201 residents before it can apply to incorporate, then approval from a county judge. Bastrop County hasn&#39;t received an application from Mr. Musk or any of his entities, a spokeswoman said.</p><p>Chap Ambrose, a computer programmer who lives on a hilltop overlooking the new Boring and SpaceX facilities, said he believes &#34;they want it to be secret. They want to do things before anyone knows really what&#39;s happening.&#34;</p><p>Mr. Ambrose has been seeking information from Boring and the county about the company&#39;s research and testing of its tunneling machines and how that might affect groundwater and wells in the area.</p><p>He has sent drones over the area seeking clues to other structures Boring and SpaceX are building and what they plan to produce in their factories. Drone footage and YouTube videos he posted show the construction of tunnels between the Boring and SpaceX parcels that run beneath a public road.</p><p>Messrs. Musk and Davis didn&#39;t respond to requests for comment. A lawyer for Mr. Musk, Alex Spiro, and a top adviser who heads his family office, Jared Birchall, also didn&#39;t respond to requests for comment.</p><p>Over the past three years, entities tied to Mr. Musk&#39;s companies or executives have purchased at least 3,500 acres in the Austin area, collectively about four times the size of New York&#39;s Central Park, according to county deeds and other land records. The Journal also obtained city and county emails through public-records requests, reviewed internal company communications and state licensing records, and interviewed land owners and city and county officials.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd21278616ccf59ede1093a977e44a6c\" tg-width=\"1050\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>Elon Musk addressed guests at the grand opening of Tesla’s Gigafactory Texas in April 2022. PHOTO: BOB DAEMMRICH/ZUMA PRESS</span></p><p>Some local real-estate and land officials said they have been told by people close to Mr. Musk that the billionaire owns even more land in the area -- as much as 6,000 acres.</p><p>When Mr. Musk left his longtime home of California more than two years ago, he said he had lost patience with rules and regulations in that state, where Tesla and Boring were then headquartered before moving to Texas. California is the land of &#34;overregulation, overlitigation, overtaxation,&#34; he said in December 2021.</p><p>Texas has fewer zoning laws and environmental and labor requirements, and has vast swaths of loosely regulated land. Unlike California, it has no corporate income tax or income or capital-gains taxes on individuals.</p><p>Last month, Tesla said it was continuing to expand in California, too, and named an office in Palo Alto as its engineering headquarters. Tesla&#39;s corporate headquarters remains in Texas.</p><p>The Texas land purchases have taken place through at least four limited liability companies. Those companies are tied to Mr. Musk&#39;s businesses or their officers in county deed and land records and state business filings that list their names.</p><p>The plans include a project to build a private residential compound for Mr. Musk that potentially would be some distance from the planned town, according to people familiar with the plans.</p><p>Mr. Musk has been a chief driver of the plans, and the land purchases all have to be approved by him, said people familiar with the operation.</p><p>In many of the purchases tracked by the Journal, sellers have been required to sign nondisclosure agreements, according to people who have signed them. Local economic-development officials said they were asked to sign such agreements when they were told Boring was coming to town.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ff63e4a81c6182c4c52a91213420479\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"/><span>Construction at a SpaceX site in Bastrop County in February.</span></p><p>During a spring 2020 visit to the condo of Steve Adler, then mayor of Austin, Mr. Musk sought assurances from him and an official in Travis County, where Austin is located, that government bureaucracy wouldn&#39;t stand in the way of his many projects, Mr. Adler said. &#34;What he wanted from the city was speed,&#34; said Mr. Adler, a Democrat who left office when his second term ended this January.</p><p>Soon after, Mr. Musk began building the Tesla manufacturing facility known as Giga Texas -- more than 10 million square feet on roughly 2,500 acres in Travis County, outside Austin, according to land records and Tesla&#39;s website.</p><p>In neighboring Bastrop County, about an hour southeast of Austin, SpaceX is building a 500,000-square-foot facility, and, across state road 1209, Boring is building a new warehouse.</p><p>Last June, Robert Pugh, then Bastrop County&#39;s director of engineering, complained in an email to Clara Beckett, the county commissioner in charge of planning, that staffers had been &#34;regularly hounded&#34; by employees and contractors of Boring and Starlink, a SpaceX unit. They want the county to &#34;expedite and approve permit applications that are incomplete and not in compliance&#34; with the county&#39;s regulations, Mr. Pugh wrote.</p><p>Mr. Pugh left his job that same month and didn&#39;t respond to requests for comment. Ms. Beckett didn&#39;t respond to requests for comment.</p><p>The planned town would sit in Bastrop County. An entity called Gapped Bass LLC, of which state records show Boring&#39;s Mr. Davis serving as president, now owns more than 200 acres there, all purchased within the past two years. SpaceX has purchased about 60 more acres. The land was previously owned by longtime ranchers and other Texas families.</p><p>As of last year, Boring employees could apply for a home with rents starting at about $800 a month for a two- or three-bedroom, according to an advertisement for employees viewed by the Journal and people familiar with the plans. If an employee leaves or is fired, he or she would have to vacate the house within 30 days, those people said.</p><p>The median rent in Bastrop, Texas, is about $2,200 a month, according to real-estate listing company <a href=\"https://laohu8.com/S/Z\">Zillow</a> Group Inc.</p><p>Executives have discussed opening the houses to all employees of Mr. Musk&#39;s companies.</p><p>Gapped Bass has filed paperwork with Bastrop County to build 110 more homes in the planned town, which it calls &#34;Project Amazing.&#34;</p><p>Bastrop County officials approved street names such as &#34;Boring Boulevard, &#34; &#34;Waterjet Way&#34; and &#34;Cutterhead Crossing,&#34; according to county meeting documents.</p><p>Boring plans to convert a home on the property into a Montessori school for as many as 15 students, according to correspondence between a Boring company official and a county government employee.</p><p>Adena Lewis, the county&#39;s director of tourism and economic development, said she isn&#39;t sure of Boring&#39;s time frame for the development, but the region sorely needs new housing. &#34;They&#39;re very respectful of us,&#34; she said. &#34;But they&#39;re in a hurry.&#34;</p><p>Ms. Lewis said the county&#39;s small size made it attractive to Mr. Musk&#39;s companies. &#34;I think it&#39;s the ability to work with folks on a direct level, and not having tons of red tape,&#34; she said.</p><p>Mr. Musk has long envisioned building a town, and a couple of years ago helped his brother, Kimbal Musk, refine an idea to build an off-the-grid community, according to people familiar with the plans. It couldn&#39;t be determined where that idea stands. When the Journal reached out to a spokeswoman for Kimbal Musk, describing the project, including a purported name, she said he wasn&#39;t aware of the project as described and didn&#39;t respond to further requests for clarification.</p><p>Mr. Musk has been a proponent of affordable housing for employees. In 2018, during a public panel discussion with then-Gov. Brian Sandoval of Nevada, Mr. Musk talked about building housing for Tesla workers alongside the company&#39;s huge complex outside Reno.</p><p>In 2021, Mr. Musk tweeted about creating “the city of Starbase, Texas,” in Boca Chica Village, where SpaceX has operations along the Gulf of Mexico. It isn’t clear whether the city has been incorporated. A spokeswoman for Cameron County, where Boca Chica Village is located, didn’t respond to requests for comment.</p><p>Mr. Musk has explored building a private compound on some of the newly acquired land in Bastrop County, according to people familiar with his plans. For some of the past two years, he has stayed at a friend’s mansion in Austin, the Journal has reported.</p><p>The status and location of the potential house couldn’t be determined. The people familiar with the plan say the town is a separate project.</p><p>Some locals have sold land to Mr. Musk’s companies. Others who own land in Bastrop and Travis counties said they have gotten few answers from Mr. Musk’s companies about their plans, and have said they won’t sell.</p><p>Some said they feel steamrolled by eager public officials who aren’t asking enough questions. “They’re just going as fast as they can,” said Mr. Ambrose, whose home overlooks the Boring site.</p><p>In 2013, when Mr. Ambrose bought his 10 acres of hilltop land, there were only about a dozen residences within a mile. Since the spring of 2021, Boring has erected several warehouses and dug at least two test tunnels, and SpaceX is constructing the largest building in the county.</p><p>“There’s no transparency,” said David Barrow, who runs Eden East Farm on Bastrop’s North Main Street, which supports his family’s two restaurants and a farmstand.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5d1e2b8ef7cf0b8a50fdad1965f25d8\" tg-width=\"1050\" tg-height=\"701\" referrerpolicy=\"no-referrer\"/><span>David Barrow, who runs a farm in Bastrop, is worried the new projects could threaten water quality.</span></p><p>Boring employees are among his regular customers, Mr. Barrow said, but he is worried the new projects could threaten the water quality of the Colorado River and the aquifers that supply the region’s wells.</p><p>Recently, Boring applied to state environmental authorities to discharge up to 140,000 gallons of industrial wastewater a day into the river.</p><p>“I would like to know what is actually being sprayed, what they’re actually building, and who is going to hold them accountable,” Mr. Barrow said, referring to plans to disperse some wastewater onto Boring land.</p><p>Ms. Lewis, the director of tourism and economic development, said she had no concerns that the company’s development would harm the river and surrounding farmland.</p><p>After being approached by some landowners, including Mr. Ambrose, Texas State Sen. Sarah Eckhardt requested a public environmental hearing set for this month.</p><p>“We’re going to need to have more of a conversation and be able to verify the assertions that these companies are making with regard to the discharge permit into the Colorado River,” Ms. Eckhardt said.</p><p>Instead of trying to force one of the world’s richest men out of town, Mr. Ambrose said, “we can make him be a good member of the community and be a good neighbor and follow the law. And that, to me, is worth the effort.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6cb7893aed943e3bf8cb0f0915f1e2e5\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"/><span>New Boring Co. buildings have risen near pasture land in Bastrop County.</span></p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Is Planning a Texas Utopia—His Own Town</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\">\nElon Musk Is Planning a Texas Utopia—His Own Town\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-10 10:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/elon-musk-texas-town-52386513?page=1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AUSTIN, Texas -- Elon Musk is planning to build his own town on part of thousands of acres of newly purchased pasture and farmland outside the Texas capital, according to deeds and other land records ...</p>\n\n<a href=\"https://www.wsj.com/articles/elon-musk-texas-town-52386513?page=1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4581":"高盛持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4099":"汽车制造商","LU2063271972.USD":"富兰克林创新领域基金","BK4548":"巴美列捷福持仓","LU0056508442.USD":"贝莱德世界科技基金A2","BK4574":"无人驾驶","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","TSLA":"特斯拉","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4551":"寇图资本持仓","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4555":"新能源车","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4527":"明星科技股","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4588":"碎股","BK4550":"红杉资本持仓","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD"},"source_url":"https://www.wsj.com/articles/elon-musk-texas-town-52386513?page=1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318291798","content_text":"AUSTIN, Texas -- Elon Musk is planning to build his own town on part of thousands of acres of newly purchased pasture and farmland outside the Texas capital, according to deeds and other land records and people familiar with the project.PHOTO ILLUSTRATION: DAVE COLE/WSJIn meetings with landowners and real-estate agents, Mr. Musk and employees of his companies have described his vision as a sort of Texas utopia along the Colorado River, where his employees could live and work.Executives at the Boring Co., Mr. Musk's tunnel operation, have discussed and researched incorporating the town in Bastrop County, about 35 miles from Austin, which would allow Mr. Musk to set some regulations in his own municipality and expedite his plans, according to people familiar with Mr. Musk's projects.They say Mr. Musk and his top executives want his Austin-area employees, including workers at Boring, electric-car maker Tesla Inc. and space and exploration company SpaceX, to be able to live in new homes with below-market rents.Land tied to Elon MuskNote: Property boundaries are approximate. Satellite imagery for Travis County as of January 2022. Bastrop County is a composite of imagery from January 2022 and November 2022.  Source: Maxar and Google Earth (satellite imagery); Travis and Bastrop Central Appraisal Districts (property boundaries) Andrew  Mollica / THE WALL STREET JOURNALThe planned town is adjacent to Boring and SpaceX facilities now under construction. The site already includes a group of modular homes, a pool, an outdoor sports area and a gym, according to Facebook photos and people familiar with the town. Signs hanging from poles read \"welcome, snailbrook, tx, est. 2021.\"Snailbrook is a reference to Boring's mascot. When Mr. Musk started the tunneling venture, he challenged employees to build boring machines that move \"faster than a snail.\"Some Boring employees, including Steve Davis, the company's president and a top lieutenant to Mr. Musk, have at times described even bigger plans, including creating an entire city, according to some of those people and text messages viewed by The Wall Street Journal.During an all-hands meeting of Boring employees last year, Mr. Davis said they would have to hold an election for mayor, according to text messages and people familiar with the meeting.Mr. Musk, his former girlfriend, who is the singer Grimes, Kanye West and Mr. West's architectural designer discussed several times last year what a Musk town might look like, according to people familiar with the discussions. Those talks included broad ideas and some visual mock-ups, according to one of the people, but haven't resulted in concrete plans.The Snailbrook neighborhood, top, near a Boring Co. construction site. Documents filed in the Bastrop County Commissioners Court in January, above, show plans for 110 more homes near the land where Snailbrook is located.Representatives for Mr. West, who goes by Ye, and Grimes, whose real name is Claire Boucher, couldn't be reached for comment.Under Texas law, a town needs at least 201 residents before it can apply to incorporate, then approval from a county judge. Bastrop County hasn't received an application from Mr. Musk or any of his entities, a spokeswoman said.Chap Ambrose, a computer programmer who lives on a hilltop overlooking the new Boring and SpaceX facilities, said he believes \"they want it to be secret. They want to do things before anyone knows really what's happening.\"Mr. Ambrose has been seeking information from Boring and the county about the company's research and testing of its tunneling machines and how that might affect groundwater and wells in the area.He has sent drones over the area seeking clues to other structures Boring and SpaceX are building and what they plan to produce in their factories. Drone footage and YouTube videos he posted show the construction of tunnels between the Boring and SpaceX parcels that run beneath a public road.Messrs. Musk and Davis didn't respond to requests for comment. A lawyer for Mr. Musk, Alex Spiro, and a top adviser who heads his family office, Jared Birchall, also didn't respond to requests for comment.Over the past three years, entities tied to Mr. Musk's companies or executives have purchased at least 3,500 acres in the Austin area, collectively about four times the size of New York's Central Park, according to county deeds and other land records. The Journal also obtained city and county emails through public-records requests, reviewed internal company communications and state licensing records, and interviewed land owners and city and county officials.Elon Musk addressed guests at the grand opening of Tesla’s Gigafactory Texas in April 2022. PHOTO: BOB DAEMMRICH/ZUMA PRESSSome local real-estate and land officials said they have been told by people close to Mr. Musk that the billionaire owns even more land in the area -- as much as 6,000 acres.When Mr. Musk left his longtime home of California more than two years ago, he said he had lost patience with rules and regulations in that state, where Tesla and Boring were then headquartered before moving to Texas. California is the land of \"overregulation, overlitigation, overtaxation,\" he said in December 2021.Texas has fewer zoning laws and environmental and labor requirements, and has vast swaths of loosely regulated land. Unlike California, it has no corporate income tax or income or capital-gains taxes on individuals.Last month, Tesla said it was continuing to expand in California, too, and named an office in Palo Alto as its engineering headquarters. Tesla's corporate headquarters remains in Texas.The Texas land purchases have taken place through at least four limited liability companies. Those companies are tied to Mr. Musk's businesses or their officers in county deed and land records and state business filings that list their names.The plans include a project to build a private residential compound for Mr. Musk that potentially would be some distance from the planned town, according to people familiar with the plans.Mr. Musk has been a chief driver of the plans, and the land purchases all have to be approved by him, said people familiar with the operation.In many of the purchases tracked by the Journal, sellers have been required to sign nondisclosure agreements, according to people who have signed them. Local economic-development officials said they were asked to sign such agreements when they were told Boring was coming to town.Construction at a SpaceX site in Bastrop County in February.During a spring 2020 visit to the condo of Steve Adler, then mayor of Austin, Mr. Musk sought assurances from him and an official in Travis County, where Austin is located, that government bureaucracy wouldn't stand in the way of his many projects, Mr. Adler said. \"What he wanted from the city was speed,\" said Mr. Adler, a Democrat who left office when his second term ended this January.Soon after, Mr. Musk began building the Tesla manufacturing facility known as Giga Texas -- more than 10 million square feet on roughly 2,500 acres in Travis County, outside Austin, according to land records and Tesla's website.In neighboring Bastrop County, about an hour southeast of Austin, SpaceX is building a 500,000-square-foot facility, and, across state road 1209, Boring is building a new warehouse.Last June, Robert Pugh, then Bastrop County's director of engineering, complained in an email to Clara Beckett, the county commissioner in charge of planning, that staffers had been \"regularly hounded\" by employees and contractors of Boring and Starlink, a SpaceX unit. They want the county to \"expedite and approve permit applications that are incomplete and not in compliance\" with the county's regulations, Mr. Pugh wrote.Mr. Pugh left his job that same month and didn't respond to requests for comment. Ms. Beckett didn't respond to requests for comment.The planned town would sit in Bastrop County. An entity called Gapped Bass LLC, of which state records show Boring's Mr. Davis serving as president, now owns more than 200 acres there, all purchased within the past two years. SpaceX has purchased about 60 more acres. The land was previously owned by longtime ranchers and other Texas families.As of last year, Boring employees could apply for a home with rents starting at about $800 a month for a two- or three-bedroom, according to an advertisement for employees viewed by the Journal and people familiar with the plans. If an employee leaves or is fired, he or she would have to vacate the house within 30 days, those people said.The median rent in Bastrop, Texas, is about $2,200 a month, according to real-estate listing company Zillow Group Inc.Executives have discussed opening the houses to all employees of Mr. Musk's companies.Gapped Bass has filed paperwork with Bastrop County to build 110 more homes in the planned town, which it calls \"Project Amazing.\"Bastrop County officials approved street names such as \"Boring Boulevard, \" \"Waterjet Way\" and \"Cutterhead Crossing,\" according to county meeting documents.Boring plans to convert a home on the property into a Montessori school for as many as 15 students, according to correspondence between a Boring company official and a county government employee.Adena Lewis, the county's director of tourism and economic development, said she isn't sure of Boring's time frame for the development, but the region sorely needs new housing. \"They're very respectful of us,\" she said. \"But they're in a hurry.\"Ms. Lewis said the county's small size made it attractive to Mr. Musk's companies. \"I think it's the ability to work with folks on a direct level, and not having tons of red tape,\" she said.Mr. Musk has long envisioned building a town, and a couple of years ago helped his brother, Kimbal Musk, refine an idea to build an off-the-grid community, according to people familiar with the plans. It couldn't be determined where that idea stands. When the Journal reached out to a spokeswoman for Kimbal Musk, describing the project, including a purported name, she said he wasn't aware of the project as described and didn't respond to further requests for clarification.Mr. Musk has been a proponent of affordable housing for employees. In 2018, during a public panel discussion with then-Gov. Brian Sandoval of Nevada, Mr. Musk talked about building housing for Tesla workers alongside the company's huge complex outside Reno.In 2021, Mr. Musk tweeted about creating “the city of Starbase, Texas,” in Boca Chica Village, where SpaceX has operations along the Gulf of Mexico. It isn’t clear whether the city has been incorporated. A spokeswoman for Cameron County, where Boca Chica Village is located, didn’t respond to requests for comment.Mr. Musk has explored building a private compound on some of the newly acquired land in Bastrop County, according to people familiar with his plans. For some of the past two years, he has stayed at a friend’s mansion in Austin, the Journal has reported.The status and location of the potential house couldn’t be determined. The people familiar with the plan say the town is a separate project.Some locals have sold land to Mr. Musk’s companies. Others who own land in Bastrop and Travis counties said they have gotten few answers from Mr. Musk’s companies about their plans, and have said they won’t sell.Some said they feel steamrolled by eager public officials who aren’t asking enough questions. “They’re just going as fast as they can,” said Mr. Ambrose, whose home overlooks the Boring site.In 2013, when Mr. Ambrose bought his 10 acres of hilltop land, there were only about a dozen residences within a mile. Since the spring of 2021, Boring has erected several warehouses and dug at least two test tunnels, and SpaceX is constructing the largest building in the county.“There’s no transparency,” said David Barrow, who runs Eden East Farm on Bastrop’s North Main Street, which supports his family’s two restaurants and a farmstand.David Barrow, who runs a farm in Bastrop, is worried the new projects could threaten water quality.Boring employees are among his regular customers, Mr. Barrow said, but he is worried the new projects could threaten the water quality of the Colorado River and the aquifers that supply the region’s wells.Recently, Boring applied to state environmental authorities to discharge up to 140,000 gallons of industrial wastewater a day into the river.“I would like to know what is actually being sprayed, what they’re actually building, and who is going to hold them accountable,” Mr. Barrow said, referring to plans to disperse some wastewater onto Boring land.Ms. Lewis, the director of tourism and economic development, said she had no concerns that the company’s development would harm the river and surrounding farmland.After being approached by some landowners, including Mr. Ambrose, Texas State Sen. Sarah Eckhardt requested a public environmental hearing set for this month.“We’re going to need to have more of a conversation and be able to verify the assertions that these companies are making with regard to the discharge permit into the Colorado River,” Ms. Eckhardt said.Instead of trying to force one of the world’s richest men out of town, Mr. Ambrose said, “we can make him be a good member of the community and be a good neighbor and follow the law. And that, to me, is worth the effort.”New Boring Co. buildings have risen near pasture land in Bastrop County.","news_type":1},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949133568,"gmtCreate":1678417445455,"gmtModify":1678417448742,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949133568","repostId":"1125545329","repostType":4,"repost":{"id":"1125545329","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":1678417020,"share":"https://www.laohu8.com/m/news/1125545329?lang=&edition=full","pubTime":"2023-03-10 10:57","market":"us","language":"en","title":"Silicon Valley Bank Scrambles to Reassure Clients After 60% Stock Wipe-Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1125545329","media":"Reuters","summary":"SVB Financial Group scrambled on Thursday to reassure its venture capital clients their money was sa","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares.</p><p>SVB, which does business as Silicon Valley Bank, launched a $1.75 billion share sale on Wednesday to shore up its balance sheet. It said in an investor prospectus it needed the proceeds to plug a $1.8 billion hole caused by the sale of a $21 billion loss-making bond portfolio consisting mostly of U.S. Treasuries. The portfolio was yielding it an average 1.79% return, far below the current 10-year Treasury yield of around 3.9%.</p><p>Investors in SVB&#39;s stock fretted over whether the capital raise would be sufficient given the deteriorating fortunes of many technology startups that the bank serves. The company&#39;s stock collapsed to its lowest level since 2016, and after the market closed shares slid another 26% in extended trade.</p><p>SVB&#39;s CEO Gregory Becker has been calling clients to assure them their money with the bank is safe, according to two people familiar with the matter.</p><p>Some startups have been advising their founders to pull out their money from SVB as a precautionary measure, the sources added. One of them is Peter Thiel&#39;s Founders Fund, according to one of the sources.</p><p>One San Francisco-based startup told Reuters they successfully wired all their funds out of SVB on Thursday afternoon, and the funds had appeared in their other bank account as a &#34;pending&#34; incoming wire by 4 pm Pacific Time on Thursday.</p><p>However, the Information publication reported the bank told four clients that transfers could be delayed.</p><p>SVB did not respond to multiple requests for comment.</p><p>A crucial lender for early-stage businesses, SVB is the banking partner for nearly half of U.S. venture-backed technology and healthcare companies that listed on stock markets in 2022.</p><p>&#34;While VC (venture capital) deployment has tracked our expectations, client cash burn has remained elevated and increased further in February, resulting in lower deposits than forecasted,&#34; Becker said in a letter to investors seen by Reuters.</p><p>BROADER RISKS?</p><p>The funding winter is a fallout of a relentless increase in borrowing costs by the Federal Reserve over the last year as well as elevated inflation.</p><p>The SVB turmoil raised investors&#39; concerns about broader risks in the sector.</p><p>Shares of <a href=\"https://laohu8.com/S/FRC\">First Republic</a>, a San Francisco-based bank, sank more than 16.5% after hitting the lowest level since October 2020, becoming the second-biggest decliner in the S&amp;P 500 index. Zion Bancorp (ZION.O) dropped more than 12% and the SPDR S&amp;P regional banking ETF (KRE.P) slid 8% after hitting its lowest point since January 2021.</p><p>Major U.S. banks were also hit, with Wells Fargo &amp; Co (WFC.N) down 6%, JPMorgan Chase &amp; Co (JPM.N) down 5.4%, Bank of America Corp (BAC.N) 6% lower and Citigroup Inc (C.N) 4% lower.</p><p>Thursday&#39;s slump evaporated over $80 billion in stock market value from the 18 banks making up the S&amp;P 500 banks index (.SPXBK), including a $22 billion drop in the value of JPMorgan.</p><p>In a separate deal, SVB said private equity firm General Atlantic will buy $500 million worth of its shares.</p><p>Meanwhile, ratings agency Moody&#39;s downgraded the bank&#39;s long-term local currency bank deposit.</p><p>Natalie Trevithick, head of investment grade credit strategy at investment adviser Payden &amp; Rygel, said the bank&#39;s bonds were not doing as poorly as the equity.</p><p>&#34;Future performance is going to be news dependent but I don&#39;t expect them to properly recover in the near term. It&#39;s not quite cheap enough for a lot of buy-the-dip people to come back in,&#34; Trevithick said.</p><p>Despite the latest concerns, analysts at brokerage firm Wedbush Securities said the bank had received significant proceeds from selling securities and raising capital.</p><p>&#34;We do not believe that SIVB is in a liquidity crisis,&#34; Wedbush analyst David Chiaverini said in a report, referring to the company&#39;s trading symbol.</p><p>POSITIONING FOR HIGHER RATES</p><p>SVB said that funds raised from the stock sale will be re-invested in shorter-term debt and the bank will double its term borrowing to $30 billion.</p><p>&#34;We are taking these actions because we expect continued higher interest rates, pressured public and private markets, and elevated cash burn levels from our clients,&#34; Becker said in the letter.</p><p>&#34;When we see a return to balance between venture investment and cash burn – we will be well positioned to accelerate growth and profitability,&#34; he said, noting SVB is &#34;well capitalized.&#34;</p><p>The bank also forecast a &#34;mid-thirties&#34; percentage decline in net interest income this year, larger than the &#34;high teens&#34; drop it forecast seven weeks earlier.</p><p>Bank stocks remained under pressure from &#34;risk-off sentiment&#34; and questions about systemic risks to the industry, said John Luke Tyner, a fixed income analyst at Aptus Capital Advisors.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Silicon Valley Bank Scrambles to Reassure Clients After 60% Stock Wipe-Out</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\">\nSilicon Valley Bank Scrambles to Reassure Clients After 60% Stock Wipe-Out\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\">2023-03-10 10:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares.</p><p>SVB, which does business as Silicon Valley Bank, launched a $1.75 billion share sale on Wednesday to shore up its balance sheet. It said in an investor prospectus it needed the proceeds to plug a $1.8 billion hole caused by the sale of a $21 billion loss-making bond portfolio consisting mostly of U.S. Treasuries. The portfolio was yielding it an average 1.79% return, far below the current 10-year Treasury yield of around 3.9%.</p><p>Investors in SVB&#39;s stock fretted over whether the capital raise would be sufficient given the deteriorating fortunes of many technology startups that the bank serves. The company&#39;s stock collapsed to its lowest level since 2016, and after the market closed shares slid another 26% in extended trade.</p><p>SVB&#39;s CEO Gregory Becker has been calling clients to assure them their money with the bank is safe, according to two people familiar with the matter.</p><p>Some startups have been advising their founders to pull out their money from SVB as a precautionary measure, the sources added. One of them is Peter Thiel&#39;s Founders Fund, according to one of the sources.</p><p>One San Francisco-based startup told Reuters they successfully wired all their funds out of SVB on Thursday afternoon, and the funds had appeared in their other bank account as a &#34;pending&#34; incoming wire by 4 pm Pacific Time on Thursday.</p><p>However, the Information publication reported the bank told four clients that transfers could be delayed.</p><p>SVB did not respond to multiple requests for comment.</p><p>A crucial lender for early-stage businesses, SVB is the banking partner for nearly half of U.S. venture-backed technology and healthcare companies that listed on stock markets in 2022.</p><p>&#34;While VC (venture capital) deployment has tracked our expectations, client cash burn has remained elevated and increased further in February, resulting in lower deposits than forecasted,&#34; Becker said in a letter to investors seen by Reuters.</p><p>BROADER RISKS?</p><p>The funding winter is a fallout of a relentless increase in borrowing costs by the Federal Reserve over the last year as well as elevated inflation.</p><p>The SVB turmoil raised investors&#39; concerns about broader risks in the sector.</p><p>Shares of <a href=\"https://laohu8.com/S/FRC\">First Republic</a>, a San Francisco-based bank, sank more than 16.5% after hitting the lowest level since October 2020, becoming the second-biggest decliner in the S&amp;P 500 index. Zion Bancorp (ZION.O) dropped more than 12% and the SPDR S&amp;P regional banking ETF (KRE.P) slid 8% after hitting its lowest point since January 2021.</p><p>Major U.S. banks were also hit, with Wells Fargo &amp; Co (WFC.N) down 6%, JPMorgan Chase &amp; Co (JPM.N) down 5.4%, Bank of America Corp (BAC.N) 6% lower and Citigroup Inc (C.N) 4% lower.</p><p>Thursday&#39;s slump evaporated over $80 billion in stock market value from the 18 banks making up the S&amp;P 500 banks index (.SPXBK), including a $22 billion drop in the value of JPMorgan.</p><p>In a separate deal, SVB said private equity firm General Atlantic will buy $500 million worth of its shares.</p><p>Meanwhile, ratings agency Moody&#39;s downgraded the bank&#39;s long-term local currency bank deposit.</p><p>Natalie Trevithick, head of investment grade credit strategy at investment adviser Payden &amp; Rygel, said the bank&#39;s bonds were not doing as poorly as the equity.</p><p>&#34;Future performance is going to be news dependent but I don&#39;t expect them to properly recover in the near term. It&#39;s not quite cheap enough for a lot of buy-the-dip people to come back in,&#34; Trevithick said.</p><p>Despite the latest concerns, analysts at brokerage firm Wedbush Securities said the bank had received significant proceeds from selling securities and raising capital.</p><p>&#34;We do not believe that SIVB is in a liquidity crisis,&#34; Wedbush analyst David Chiaverini said in a report, referring to the company&#39;s trading symbol.</p><p>POSITIONING FOR HIGHER RATES</p><p>SVB said that funds raised from the stock sale will be re-invested in shorter-term debt and the bank will double its term borrowing to $30 billion.</p><p>&#34;We are taking these actions because we expect continued higher interest rates, pressured public and private markets, and elevated cash burn levels from our clients,&#34; Becker said in the letter.</p><p>&#34;When we see a return to balance between venture investment and cash burn – we will be well positioned to accelerate growth and profitability,&#34; he said, noting SVB is &#34;well capitalized.&#34;</p><p>The bank also forecast a &#34;mid-thirties&#34; percentage decline in net interest income this year, larger than the &#34;high teens&#34; drop it forecast seven weeks earlier.</p><p>Bank stocks remained under pressure from &#34;risk-off sentiment&#34; and questions about systemic risks to the industry, said John Luke Tyner, a fixed income analyst at Aptus Capital Advisors.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125545329","content_text":"SVB Financial Group scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares.SVB, which does business as Silicon Valley Bank, launched a $1.75 billion share sale on Wednesday to shore up its balance sheet. It said in an investor prospectus it needed the proceeds to plug a $1.8 billion hole caused by the sale of a $21 billion loss-making bond portfolio consisting mostly of U.S. Treasuries. The portfolio was yielding it an average 1.79% return, far below the current 10-year Treasury yield of around 3.9%.Investors in SVB's stock fretted over whether the capital raise would be sufficient given the deteriorating fortunes of many technology startups that the bank serves. The company's stock collapsed to its lowest level since 2016, and after the market closed shares slid another 26% in extended trade.SVB's CEO Gregory Becker has been calling clients to assure them their money with the bank is safe, according to two people familiar with the matter.Some startups have been advising their founders to pull out their money from SVB as a precautionary measure, the sources added. One of them is Peter Thiel's Founders Fund, according to one of the sources.One San Francisco-based startup told Reuters they successfully wired all their funds out of SVB on Thursday afternoon, and the funds had appeared in their other bank account as a \"pending\" incoming wire by 4 pm Pacific Time on Thursday.However, the Information publication reported the bank told four clients that transfers could be delayed.SVB did not respond to multiple requests for comment.A crucial lender for early-stage businesses, SVB is the banking partner for nearly half of U.S. venture-backed technology and healthcare companies that listed on stock markets in 2022.\"While VC (venture capital) deployment has tracked our expectations, client cash burn has remained elevated and increased further in February, resulting in lower deposits than forecasted,\" Becker said in a letter to investors seen by Reuters.BROADER RISKS?The funding winter is a fallout of a relentless increase in borrowing costs by the Federal Reserve over the last year as well as elevated inflation.The SVB turmoil raised investors' concerns about broader risks in the sector.Shares of First Republic, a San Francisco-based bank, sank more than 16.5% after hitting the lowest level since October 2020, becoming the second-biggest decliner in the S&P 500 index. Zion Bancorp (ZION.O) dropped more than 12% and the SPDR S&P regional banking ETF (KRE.P) slid 8% after hitting its lowest point since January 2021.Major U.S. banks were also hit, with Wells Fargo & Co (WFC.N) down 6%, JPMorgan Chase & Co (JPM.N) down 5.4%, Bank of America Corp (BAC.N) 6% lower and Citigroup Inc (C.N) 4% lower.Thursday's slump evaporated over $80 billion in stock market value from the 18 banks making up the S&P 500 banks index (.SPXBK), including a $22 billion drop in the value of JPMorgan.In a separate deal, SVB said private equity firm General Atlantic will buy $500 million worth of its shares.Meanwhile, ratings agency Moody's downgraded the bank's long-term local currency bank deposit.Natalie Trevithick, head of investment grade credit strategy at investment adviser Payden & Rygel, said the bank's bonds were not doing as poorly as the equity.\"Future performance is going to be news dependent but I don't expect them to properly recover in the near term. It's not quite cheap enough for a lot of buy-the-dip people to come back in,\" Trevithick said.Despite the latest concerns, analysts at brokerage firm Wedbush Securities said the bank had received significant proceeds from selling securities and raising capital.\"We do not believe that SIVB is in a liquidity crisis,\" Wedbush analyst David Chiaverini said in a report, referring to the company's trading symbol.POSITIONING FOR HIGHER RATESSVB said that funds raised from the stock sale will be re-invested in shorter-term debt and the bank will double its term borrowing to $30 billion.\"We are taking these actions because we expect continued higher interest rates, pressured public and private markets, and elevated cash burn levels from our clients,\" Becker said in the letter.\"When we see a return to balance between venture investment and cash burn – we will be well positioned to accelerate growth and profitability,\" he said, noting SVB is \"well capitalized.\"The bank also forecast a \"mid-thirties\" percentage decline in net interest income this year, larger than the \"high teens\" drop it forecast seven weeks earlier.Bank stocks remained under pressure from \"risk-off sentiment\" and questions about systemic risks to the industry, said John Luke Tyner, a fixed income analyst at Aptus Capital Advisors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949133213,"gmtCreate":1678417435932,"gmtModify":1678417440042,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949133213","repostId":"2318144672","repostType":4,"repost":{"id":"2318144672","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":1678405175,"share":"https://www.laohu8.com/m/news/2318144672?lang=&edition=full","pubTime":"2023-03-10 07:39","market":"us","language":"en","title":"10 Banks That May Face Trouble in the Wake of the SVB Financial Group Debacle","url":"https://stock-news.laohu8.com/highlight/detail?id=2318144672","media":"Dow Jones","summary":"Silicon Valley Bank wasn't well positioned for rising interest rates, leading to losses and a diluti","content":"<html><head></head><body><p>Silicon Valley Bank wasn&#39;t well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f5e8ba412e8cbf1ba4fa5109b40f669\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"/><span>The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index sinking 7.5%.</span></p><p>As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always exceptions.</p><p>Below is a screen of banks that are bucking the industry trend of expanding net interest margins, followed by another list of banks whose margins have widened the most over the past year.</p><p>On March 8, <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> (SIVB) sold $21 billion in securities for a loss of $1.8 billion. SVB is the holding company for Silicon Valley Bank of Santa Clara, Calif. It had $212 billion in assets as of Dec. 31.</p><p>The bank said it was repositioning to &#34;increase asset sensitivity, to take advantage of the potential for higher short-term rates, partially lock-in funding costs, better protect net interest income (NII) and net interest margin <a href=\"https://laohu8.com/S/NIM\">$(NIM)$</a>, and enhance profitability.&#34;</p><p>In light of the loss on the securities sales, SVB will raise $2.25 billion in new capital through two offerings and a private placement. The prospect of dilution to shareholders&#39; ownership positions resulted in the company&#39;s shares sliding as much as 62% on March 9.</p><p>The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index  sinking 7.5%.</p><p>See Tomi Kilgore&#39;s coverage for more details on SVB&#39;s offerings, the securities sale and reaction.</p><h2>Red margin flags</h2><p>Before SVB Financial decided to take such a dramatic step, the movement of its net interest margin was signaling that the bank wasn&#39;t well positioned for the combination of rising interest rates and slowing loan growth in the venture capital space.</p><p>A bank&#39;s net interest margin is the spread between its average yield on loans and investments and its average cost for deposits and borrowings.  This is an annualized calculation. Here&#39;s how the NIM moved for SVB Financial over the past year:</p><p><img src=\"https://static.tigerbbs.com/d98943297b9bd5d67486342b1fd3756e\" tg-width=\"934\" tg-height=\"206\" width=\"100%\" height=\"auto\"/></p><p>SVB&#39;s net interest margin narrowed considerably during the fourth quarter, and it widened only slightly from the year-earlier quarter.</p><p>So now the question is which other banks might face pressure because their net interest margins have contracted, or because their margins have only expanded slighlty?</p><p>Starting with a list of U.S. banks with total assets of at least $10 billion, and removing purer investment banks, such as Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), we looked at 108 banks.</p><p>A uniform set of net interest margins for the past five quarters isn&#39;t available from FactSet for the full group -- it is only available for 56 of the banks. So instead, we screened for net interest income (total interest income less total interest expense) divided by average total assets.</p><p>By this screen, 102 of 108 banks showed expanding margins for the fourth quarter from a year earlier.</p><p>Here are the 10 showing contracting margins over the past year, or the smallest expansions of margins:</p><p><img src=\"https://static.tigerbbs.com/3100df6ee948e46a01606312ff8c7fcd\" tg-width=\"998\" tg-height=\"817\" width=\"100%\" height=\"auto\"/></p><p>SVB Financial ranked 11th worst in the screen, with net interest income/average assets of 1.93% in the fourth quarter, up from 1.83% in the year-earlier quarter.</p><h2>Most margin improvement</h2><p>To end on a positive note, these banks showed the widest expansion of margins, based on net interest income divided by average assets:</p><p><img src=\"https://static.tigerbbs.com/ca6f326e40edb3a68736ec79fd442099\" tg-width=\"999\" tg-height=\"819\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Banks That May Face Trouble in the Wake of the SVB Financial Group Debacle</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\">\n10 Banks That May Face Trouble in the Wake of the SVB Financial Group Debacle\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\">2023-03-10 07:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Silicon Valley Bank wasn&#39;t well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f5e8ba412e8cbf1ba4fa5109b40f669\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"/><span>The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index sinking 7.5%.</span></p><p>As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always exceptions.</p><p>Below is a screen of banks that are bucking the industry trend of expanding net interest margins, followed by another list of banks whose margins have widened the most over the past year.</p><p>On March 8, <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group</a> (SIVB) sold $21 billion in securities for a loss of $1.8 billion. SVB is the holding company for Silicon Valley Bank of Santa Clara, Calif. It had $212 billion in assets as of Dec. 31.</p><p>The bank said it was repositioning to &#34;increase asset sensitivity, to take advantage of the potential for higher short-term rates, partially lock-in funding costs, better protect net interest income (NII) and net interest margin <a href=\"https://laohu8.com/S/NIM\">$(NIM)$</a>, and enhance profitability.&#34;</p><p>In light of the loss on the securities sales, SVB will raise $2.25 billion in new capital through two offerings and a private placement. The prospect of dilution to shareholders&#39; ownership positions resulted in the company&#39;s shares sliding as much as 62% on March 9.</p><p>The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index  sinking 7.5%.</p><p>See Tomi Kilgore&#39;s coverage for more details on SVB&#39;s offerings, the securities sale and reaction.</p><h2>Red margin flags</h2><p>Before SVB Financial decided to take such a dramatic step, the movement of its net interest margin was signaling that the bank wasn&#39;t well positioned for the combination of rising interest rates and slowing loan growth in the venture capital space.</p><p>A bank&#39;s net interest margin is the spread between its average yield on loans and investments and its average cost for deposits and borrowings.  This is an annualized calculation. Here&#39;s how the NIM moved for SVB Financial over the past year:</p><p><img src=\"https://static.tigerbbs.com/d98943297b9bd5d67486342b1fd3756e\" tg-width=\"934\" tg-height=\"206\" width=\"100%\" height=\"auto\"/></p><p>SVB&#39;s net interest margin narrowed considerably during the fourth quarter, and it widened only slightly from the year-earlier quarter.</p><p>So now the question is which other banks might face pressure because their net interest margins have contracted, or because their margins have only expanded slighlty?</p><p>Starting with a list of U.S. banks with total assets of at least $10 billion, and removing purer investment banks, such as Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), we looked at 108 banks.</p><p>A uniform set of net interest margins for the past five quarters isn&#39;t available from FactSet for the full group -- it is only available for 56 of the banks. So instead, we screened for net interest income (total interest income less total interest expense) divided by average total assets.</p><p>By this screen, 102 of 108 banks showed expanding margins for the fourth quarter from a year earlier.</p><p>Here are the 10 showing contracting margins over the past year, or the smallest expansions of margins:</p><p><img src=\"https://static.tigerbbs.com/3100df6ee948e46a01606312ff8c7fcd\" tg-width=\"998\" tg-height=\"817\" width=\"100%\" height=\"auto\"/></p><p>SVB Financial ranked 11th worst in the screen, with net interest income/average assets of 1.93% in the fourth quarter, up from 1.83% in the year-earlier quarter.</p><h2>Most margin improvement</h2><p>To end on a positive note, these banks showed the widest expansion of margins, based on net interest income divided by average assets:</p><p><img src=\"https://static.tigerbbs.com/ca6f326e40edb3a68736ec79fd442099\" tg-width=\"999\" tg-height=\"819\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU1861217088.USD":"贝莱德金融科技A2","BK4561":"索罗斯持仓","BK4585":"ETF&股票定投概念","JPM":"摩根大通","ALLY":"Ally Financial Inc.","BK4166":"消费信贷","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4588":"碎股","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","NYCB":"纽约社区银行","CUBI":"Customers Bancorp Inc.","CMA":"联信银行","BK4211":"区域性银行","GS":"高盛","BK4548":"巴美列捷福持仓","BK4195":"互助储蓄与抵押信贷金融服务"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318144672","content_text":"Silicon Valley Bank wasn't well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index sinking 7.5%.As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always exceptions.Below is a screen of banks that are bucking the industry trend of expanding net interest margins, followed by another list of banks whose margins have widened the most over the past year.On March 8, SVB Financial Group (SIVB) sold $21 billion in securities for a loss of $1.8 billion. SVB is the holding company for Silicon Valley Bank of Santa Clara, Calif. It had $212 billion in assets as of Dec. 31.The bank said it was repositioning to \"increase asset sensitivity, to take advantage of the potential for higher short-term rates, partially lock-in funding costs, better protect net interest income (NII) and net interest margin $(NIM)$, and enhance profitability.\"In light of the loss on the securities sales, SVB will raise $2.25 billion in new capital through two offerings and a private placement. The prospect of dilution to shareholders' ownership positions resulted in the company's shares sliding as much as 62% on March 9.The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index  sinking 7.5%.See Tomi Kilgore's coverage for more details on SVB's offerings, the securities sale and reaction.Red margin flagsBefore SVB Financial decided to take such a dramatic step, the movement of its net interest margin was signaling that the bank wasn't well positioned for the combination of rising interest rates and slowing loan growth in the venture capital space.A bank's net interest margin is the spread between its average yield on loans and investments and its average cost for deposits and borrowings.  This is an annualized calculation. Here's how the NIM moved for SVB Financial over the past year:SVB's net interest margin narrowed considerably during the fourth quarter, and it widened only slightly from the year-earlier quarter.So now the question is which other banks might face pressure because their net interest margins have contracted, or because their margins have only expanded slighlty?Starting with a list of U.S. banks with total assets of at least $10 billion, and removing purer investment banks, such as Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), we looked at 108 banks.A uniform set of net interest margins for the past five quarters isn't available from FactSet for the full group -- it is only available for 56 of the banks. So instead, we screened for net interest income (total interest income less total interest expense) divided by average total assets.By this screen, 102 of 108 banks showed expanding margins for the fourth quarter from a year earlier.Here are the 10 showing contracting margins over the past year, or the smallest expansions of margins:SVB Financial ranked 11th worst in the screen, with net interest income/average assets of 1.93% in the fourth quarter, up from 1.83% in the year-earlier quarter.Most margin improvementTo end on a positive note, these banks showed the widest expansion of margins, based on net interest income divided by average assets:","news_type":1},"isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949133669,"gmtCreate":1678417426951,"gmtModify":1678417430716,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9949133669","repostId":"2318221244","repostType":4,"repost":{"id":"2318221244","pubTimestamp":1678411216,"share":"https://www.laohu8.com/m/news/2318221244?lang=&edition=full","pubTime":"2023-03-10 09:20","market":"us","language":"en","title":"Nasdaq 100 (And QQQ) May Be Heading To A New Low","url":"https://stock-news.laohu8.com/highlight/detail?id=2318221244","media":"Seeking Alpha","summary":"SummaryJay Powell's Congressional testimony has shocked rates higher.This has led to real yields ris","content":"<html><head></head><body><h2>Summary</h2><ul><li>Jay Powell&#39;s Congressional testimony has shocked rates higher.</li><li>This has led to real yields rising, and a decline in the TIP ETF.</li><li>The Nasdaq tends to follow the TIP ETF very closely.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4ff4fc4fd92b6ef8431c74c9660f2e4\" tg-width=\"750\" tg-height=\"422\" width=\"100%\" height=\"auto\"/><span>bernson74/iStock via Getty Images</span></p><p>The Nasdaq 100 ETF (NASDAQ:QQQ) could be on the verge of a significant decline in the coming weeks, potentially reaching new lows. This is likely due to a sharp increase in real yields, which have risen considerably following a string of better-than-expected economic data and Jay Powell&#39;s hawkish Congressional testimony.</p><p>The most significant changes since the testimony have been in nominal and real rates, with the 5- and 10-year inflation-protected TIP real yields surging back to levels close to their September and October highs. This is a critical development because, with the Nasdaq 100 (NDX) rising at the start of 2023, the spread between its earnings yield and real yields is now the narrowest it has been in over a decade, suggesting that the Nasdaq 100 is overvalued vs. bonds.</p><h2>The TIP and QQQ Relationship Is Strong</h2><p>Moreover, the <a href=\"https://laohu8.com/S/EEMA\">iShares</a> TIPS Bond ETF (TIP), which tracks real yields, is approaching last fall&#39;s lows. The TIP ETF tracks real yields, and when the TIP ETF rises, it indicates real rates are falling, and when the TIP ETF falls, it means real yields are rising. This is important because the QQQ ETF, which tracks the Nasdaq 100, has closely followed the TIP ETF in recent years. If the TIP ETF reaches its September and October lows, the QQQ will likely follow suit.</p><p>The TIP ETF and QQQ have closely tracked each other since the end of 2018. The gap between the QQQ and TIP has recently widened, indicating that the Nasdaq 100 has become increasingly expensive relative to real yields.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a13b3a890593d7b149a39c37a49f2112\" tg-width=\"640\" tg-height=\"332\" width=\"100%\" height=\"auto\"/><span>Trading View</span></p><p>Additionally, looking more closely, it appears that the TIP ETF leads the QQQ by around 12 days. When shifting the TIP ETF 12 days forward versus the QQQ, it becomes clear that the effects of the recent decline in the TIP ETF (rising in real yields) haven&#39;t been fully felt by the QQQ.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6874da2de11f7641da2579304b6ef585\" tg-width=\"640\" tg-height=\"332\" width=\"100%\" height=\"auto\"/><span>Trading View</span></p><h2>Nasdaq is Very Expensive</h2><p>This gap between the QQQ and the TIP can be visualized by looking at the spread between the Nasdaq 100 current earnings yield and the 5-year and 10-year TIP rates. Both of these are at their lowest levels in more than 10 years. This would suggest that investors are paying a lot to own the QQQ and the Nasdaq 100 vs. bonds for a long time.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e56480116888ebd4ac5bf03f24ad44d6\" tg-width=\"640\" tg-height=\"270\" width=\"100%\" height=\"auto\"/><span>Bloomberg</span></p><p>This creates a real risk for the Nasdaq 100 because not only is it expensive vs. real rates, but it also means that valuations are likely to revert at some point, so real yields don&#39;t even need to rise further for the Nasdaq to fall.</p><p>What makes matters worse is that the 5-year and 10-year real yields one year forwards are pricing in pretty stable rates for both bonds. The 5-Year TIP one-year forward rate is 1.73%, versus the current rate of 1.81%. In comparison, the 10-Yr TIP one-year forward rate is 1.6% versus a current rate of 1.62%, which currently suggests at least as of now, the real yields aren&#39;t likely to fall materially to help make the Nasdaq 100 cheaper vs. bonds.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/205f27e752e0cb724359e0967c030e4f\" tg-width=\"640\" tg-height=\"373\" width=\"100%\" height=\"auto\"/><span>Bloomberg</span></p><h2>The TIP Is Breaking Down</h2><p>The odds for the TIP to make a new low seems high based on an analysis of the technical chart. The TIP ETF is sitting right on a critical support level at $106.25, and if that level of technical support breaks, there isn&#39;t much to stop the TIP ETF from dropping back to the lows around $104.75. Additionally, the relative strength index for the TIP ETF shows bearish momentum, suggesting lower prices ahead for the TIP.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8ad00785ee320d8abf88574b5071b039\" tg-width=\"640\" tg-height=\"332\" width=\"100%\" height=\"auto\"/><span>Trading View</span></p><p>The TIP ETF may be one of the easier ways to gauge the direction of the Nasdaq 100, QQQ, and equity market. If the TIP heads to its prior lows and makes a new low, the Nasdaq 100 and the QQQ aren&#39;t likely to be far behind.</p><p><i>This article is written by Mott Capital Management for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha","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>Nasdaq 100 (And QQQ) May Be Heading To A New Low</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\">\nNasdaq 100 (And QQQ) May Be Heading To A New Low\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-10 09:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4586086-nasdaq-100-qqq-may-be-heading-to-new-low><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryJay Powell's Congressional testimony has shocked rates higher.This has led to real yields rising, and a decline in the TIP ETF.The Nasdaq tends to follow the TIP ETF very closely.bernson74/...</p>\n\n<a href=\"https://seekingalpha.com/article/4586086-nasdaq-100-qqq-may-be-heading-to-new-low\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF","NDX":"纳斯达克100指数","TQQQ":"纳指三倍做多ETF","BK4570":"地缘局势概念股","BK4017":"黄金",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/article/4586086-nasdaq-100-qqq-may-be-heading-to-new-low","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2318221244","content_text":"SummaryJay Powell's Congressional testimony has shocked rates higher.This has led to real yields rising, and a decline in the TIP ETF.The Nasdaq tends to follow the TIP ETF very closely.bernson74/iStock via Getty ImagesThe Nasdaq 100 ETF (NASDAQ:QQQ) could be on the verge of a significant decline in the coming weeks, potentially reaching new lows. This is likely due to a sharp increase in real yields, which have risen considerably following a string of better-than-expected economic data and Jay Powell's hawkish Congressional testimony.The most significant changes since the testimony have been in nominal and real rates, with the 5- and 10-year inflation-protected TIP real yields surging back to levels close to their September and October highs. This is a critical development because, with the Nasdaq 100 (NDX) rising at the start of 2023, the spread between its earnings yield and real yields is now the narrowest it has been in over a decade, suggesting that the Nasdaq 100 is overvalued vs. bonds.The TIP and QQQ Relationship Is StrongMoreover, the iShares TIPS Bond ETF (TIP), which tracks real yields, is approaching last fall's lows. The TIP ETF tracks real yields, and when the TIP ETF rises, it indicates real rates are falling, and when the TIP ETF falls, it means real yields are rising. This is important because the QQQ ETF, which tracks the Nasdaq 100, has closely followed the TIP ETF in recent years. If the TIP ETF reaches its September and October lows, the QQQ will likely follow suit.The TIP ETF and QQQ have closely tracked each other since the end of 2018. The gap between the QQQ and TIP has recently widened, indicating that the Nasdaq 100 has become increasingly expensive relative to real yields.Trading ViewAdditionally, looking more closely, it appears that the TIP ETF leads the QQQ by around 12 days. When shifting the TIP ETF 12 days forward versus the QQQ, it becomes clear that the effects of the recent decline in the TIP ETF (rising in real yields) haven't been fully felt by the QQQ.Trading ViewNasdaq is Very ExpensiveThis gap between the QQQ and the TIP can be visualized by looking at the spread between the Nasdaq 100 current earnings yield and the 5-year and 10-year TIP rates. Both of these are at their lowest levels in more than 10 years. This would suggest that investors are paying a lot to own the QQQ and the Nasdaq 100 vs. bonds for a long time.BloombergThis creates a real risk for the Nasdaq 100 because not only is it expensive vs. real rates, but it also means that valuations are likely to revert at some point, so real yields don't even need to rise further for the Nasdaq to fall.What makes matters worse is that the 5-year and 10-year real yields one year forwards are pricing in pretty stable rates for both bonds. The 5-Year TIP one-year forward rate is 1.73%, versus the current rate of 1.81%. In comparison, the 10-Yr TIP one-year forward rate is 1.6% versus a current rate of 1.62%, which currently suggests at least as of now, the real yields aren't likely to fall materially to help make the Nasdaq 100 cheaper vs. bonds.BloombergThe TIP Is Breaking DownThe odds for the TIP to make a new low seems high based on an analysis of the technical chart. The TIP ETF is sitting right on a critical support level at $106.25, and if that level of technical support breaks, there isn't much to stop the TIP ETF from dropping back to the lows around $104.75. Additionally, the relative strength index for the TIP ETF shows bearish momentum, suggesting lower prices ahead for the TIP.Trading ViewThe TIP ETF may be one of the easier ways to gauge the direction of the Nasdaq 100, QQQ, and equity market. If the TIP heads to its prior lows and makes a new low, the Nasdaq 100 and the QQQ aren't likely to be far behind.This article is written by Mott Capital Management for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949308664,"gmtCreate":1678338997359,"gmtModify":1678339000995,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949308664","repostId":"2317611495","repostType":2,"repost":{"id":"2317611495","pubTimestamp":1678322104,"share":"https://www.laohu8.com/m/news/2317611495?lang=&edition=full","pubTime":"2023-03-09 08:35","market":"us","language":"en","title":"Is Apple a Safe Stock for 2023?","url":"https://stock-news.laohu8.com/highlight/detail?id=2317611495","media":"Motley Fool","summary":"This could be a big year for the iPhone maker.","content":"<html><head></head><body><h2>KEY POINTS</h2><ul><li>Apple reported a year-over-year decline in revenue last quarter, driven by lower sales of the iPhone.</li><li>Services and iPad revenue grew, showing the value of the tech titan&#39;s diverse business.</li><li>Apple is expected to announce its first new product in nearly a decade.</li></ul><p>Shares of <b>Apple</b> delivered wealth-building returns for investors over the past decade. If you had bought $1,000 worth of Apple stock when the iPad launched in 2010, you would be sitting on $20,230 today. And that&#39;s after a 15% stock price dip last year.</p><p>While Apple still has many opportunities ahead, with new products and a growing installed base of devices, the company posted a decline in revenue in the quarter that ended in December. This performance might have some investors wondering if one of the world&#39;s top brands is truly a safe stock to hold if the economy dips into a recession, as some experts are predicting.</p><p>However, there are more reasons to consider buying Apple stock this year than avoiding it.</p><h2>The value of Apple&#39;s diversified product lineup</h2><p>The possibility of a recession seems like a problem for the sales of expensive tech products. A recession would likely hurt Apple since the iPhone makes up about half of its annual revenue. Macroeconomic headwinds played a key role in sending iPhone revenue down 8% year over year in the fiscal first quarter.</p><p>Management attributed the decline in iPhone sales to foreign currency fluctuations, supply constraints, and macroeconomic headwinds like inflation. Excluding foreign currency, iPhone revenue would have been flat versus the year-ago period.</p><p>But in a quarter where iPhone struggled, other categories did well. iPad revenue grew 29% year over year, making up 8% of Apple&#39;s sales. Services, including app sales and subscriptions, increased 6% year over year, accounting for 18% of total revenue.</p><p>The beauty of Apple&#39;s business is that it has a dedicated customer base that loves their iPhones. The tech giant created a seamless integration of hardware and software that leads to consistently high customer satisfaction. Apple&#39;s iCloud keeps the apps running on Macs, iPhones, iPads, and Apple Watch all in sync, which has been a key incentive for customers to buy at least two devices, leading to a diversified revenue stream.</p><p><img src=\"https://static.tigerbbs.com/a92677fe428b2d46420b9887d1e39780\" tg-width=\"700\" tg-height=\"697\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Apple now has a massive installed base of over 2 billion devices, which is double the level from seven years ago. This sets up the company with a few growth catalysts in 2023.</p><h2>Growth catalysts are forming for Apple</h2><p>After years of speculation and rumors, Apple is finally expected to unveil its mixed-reality headset this year, featuring virtual reality (VR) and augmented reality (AR) technology. Bloomberg reported in February that the company postponed the announcement until June at Apple&#39;s Worldwide Developers Conference.</p><p>One reason this is big news is that Apple&#39;s customer base is likely much larger today than when the company&#39;s last new product, Apple Watch, launched eight years ago. This means a novel product launch might have more impact on revenue than previous product releases.</p><p>Still, a successful debut will depend on the quality of the software and ease of using it, not to mention the price. But Apple&#39;s focus on hardware and software design could make its rumored headset a breakthrough AR/VR product.</p><p>Excluding the possibility of a new product launch, the company&#39;s expanding installed base is a good enough reason to consider holding the stock. The growth in higher-margin services revenue is gradually becoming a greater contributor to the top line. Over time, this will help smooth out the occasional dips in revenue from Apple&#39;s hardware products, giving it a better recurring revenue stream besides relying on iPhone upgrades.</p><h2>Apple stock is a buy</h2><p>Apple has a fortress-like balance sheet, with $64 billion of net cash. It also generates around $100 billion in free cash flow every year, so it has plenty of resources to fund growth initiatives and pay dividends to shareholders.</p><p>Looking at valuation, Apple&#39;s price-to-earnings ratio of 25 based on this year&#39;s earnings estimates is not cheap, but it is fair compared to the shares&#39; recent trading history and other blue chip stocks. Overall, I wouldn&#39;t want to sell Apple stock considering the upcoming catalysts that may not be fully captured in its valuation.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Apple a Safe Stock for 2023?</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\">\nIs Apple a Safe Stock for 2023?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-09 08:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/07/is-apple-a-safe-stock-for-2023/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSApple reported a year-over-year decline in revenue last quarter, driven by lower sales of the iPhone.Services and iPad revenue grew, showing the value of the tech titan's diverse business....</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/07/is-apple-a-safe-stock-for-2023/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","AAPL":"苹果","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4170":"电脑硬件、储存设备及电脑周边","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4571":"数字音乐概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4575":"芯片概念","BK4566":"资本集团","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4527":"明星科技股","BK4579":"人工智能","LU0444971666.USD":"天利全球科技基金","BK4550":"红杉资本持仓","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4574":"无人驾驶","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4573":"虚拟现实","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4505":"高瓴资本持仓","BK4512":"苹果概念"},"source_url":"https://www.fool.com/investing/2023/03/07/is-apple-a-safe-stock-for-2023/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2317611495","content_text":"KEY POINTSApple reported a year-over-year decline in revenue last quarter, driven by lower sales of the iPhone.Services and iPad revenue grew, showing the value of the tech titan's diverse business.Apple is expected to announce its first new product in nearly a decade.Shares of Apple delivered wealth-building returns for investors over the past decade. If you had bought $1,000 worth of Apple stock when the iPad launched in 2010, you would be sitting on $20,230 today. And that's after a 15% stock price dip last year.While Apple still has many opportunities ahead, with new products and a growing installed base of devices, the company posted a decline in revenue in the quarter that ended in December. This performance might have some investors wondering if one of the world's top brands is truly a safe stock to hold if the economy dips into a recession, as some experts are predicting.However, there are more reasons to consider buying Apple stock this year than avoiding it.The value of Apple's diversified product lineupThe possibility of a recession seems like a problem for the sales of expensive tech products. A recession would likely hurt Apple since the iPhone makes up about half of its annual revenue. Macroeconomic headwinds played a key role in sending iPhone revenue down 8% year over year in the fiscal first quarter.Management attributed the decline in iPhone sales to foreign currency fluctuations, supply constraints, and macroeconomic headwinds like inflation. Excluding foreign currency, iPhone revenue would have been flat versus the year-ago period.But in a quarter where iPhone struggled, other categories did well. iPad revenue grew 29% year over year, making up 8% of Apple's sales. Services, including app sales and subscriptions, increased 6% year over year, accounting for 18% of total revenue.The beauty of Apple's business is that it has a dedicated customer base that loves their iPhones. The tech giant created a seamless integration of hardware and software that leads to consistently high customer satisfaction. Apple's iCloud keeps the apps running on Macs, iPhones, iPads, and Apple Watch all in sync, which has been a key incentive for customers to buy at least two devices, leading to a diversified revenue stream.Apple now has a massive installed base of over 2 billion devices, which is double the level from seven years ago. This sets up the company with a few growth catalysts in 2023.Growth catalysts are forming for AppleAfter years of speculation and rumors, Apple is finally expected to unveil its mixed-reality headset this year, featuring virtual reality (VR) and augmented reality (AR) technology. Bloomberg reported in February that the company postponed the announcement until June at Apple's Worldwide Developers Conference.One reason this is big news is that Apple's customer base is likely much larger today than when the company's last new product, Apple Watch, launched eight years ago. This means a novel product launch might have more impact on revenue than previous product releases.Still, a successful debut will depend on the quality of the software and ease of using it, not to mention the price. But Apple's focus on hardware and software design could make its rumored headset a breakthrough AR/VR product.Excluding the possibility of a new product launch, the company's expanding installed base is a good enough reason to consider holding the stock. The growth in higher-margin services revenue is gradually becoming a greater contributor to the top line. Over time, this will help smooth out the occasional dips in revenue from Apple's hardware products, giving it a better recurring revenue stream besides relying on iPhone upgrades.Apple stock is a buyApple has a fortress-like balance sheet, with $64 billion of net cash. It also generates around $100 billion in free cash flow every year, so it has plenty of resources to fund growth initiatives and pay dividends to shareholders.Looking at valuation, Apple's price-to-earnings ratio of 25 based on this year's earnings estimates is not cheap, but it is fair compared to the shares' recent trading history and other blue chip stocks. Overall, I wouldn't want to sell Apple stock considering the upcoming catalysts that may not be fully captured in its valuation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949077814,"gmtCreate":1678276606839,"gmtModify":1678276610640,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949077814","repostId":"2317013454","repostType":4,"repost":{"id":"2317013454","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":1678276265,"share":"https://www.laohu8.com/m/news/2317013454?lang=&edition=full","pubTime":"2023-03-08 19:51","market":"us","language":"en","title":"Palantir Lands $99.6 Mln Deal With U.S. State Department","url":"https://stock-news.laohu8.com/highlight/detail?id=2317013454","media":"Reuters","summary":"Palantir Technologies Inc has won a contract to sell up to $99.6 million worth of software to the U.","content":"<html><head></head><body><p>Palantir Technologies Inc has won a contract to sell up to $99.6 million worth of software to the U.S. Department of State for monitoring the health of the diplomatic corps, the company told Reuters ahead of a Wednesday announcement.</p><p>The U.S. data analytics firm said the project - Axiom - would help the Bureau of Medical Services respond faster to any health crises faced by the embassy staff and their families.</p><p>The bureau has sought software to record health incidents, predict risks, manage medical-evacuation missions and handle other tasks, according to a government document.</p><p>The news reflects how Palantir is aiming to secure government deals beyond the military and intelligence work central to its business, even as analysts have said such opportunities are being delayed by the U.S. budget scrutiny.</p><p>Last month, Palantir reported its first profitable quarter, during which sales grew faster on government business rather than revenue from the private sector partly due to economic uncertainty.</p><p>Palantir told Reuters the State Department has already paid the company $10 million as part of the purchase agreement, and it will book the remaining value over the next five years.</p><p>The Denver, Colorado-headquartered company said the deal continues a pilot dating back to 2021 and other State Department work since 2017.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Lands $99.6 Mln Deal With U.S. State Department</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\">\nPalantir Lands $99.6 Mln Deal With U.S. State Department\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\">2023-03-08 19:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Palantir Technologies Inc has won a contract to sell up to $99.6 million worth of software to the U.S. Department of State for monitoring the health of the diplomatic corps, the company told Reuters ahead of a Wednesday announcement.</p><p>The U.S. data analytics firm said the project - Axiom - would help the Bureau of Medical Services respond faster to any health crises faced by the embassy staff and their families.</p><p>The bureau has sought software to record health incidents, predict risks, manage medical-evacuation missions and handle other tasks, according to a government document.</p><p>The news reflects how Palantir is aiming to secure government deals beyond the military and intelligence work central to its business, even as analysts have said such opportunities are being delayed by the U.S. budget scrutiny.</p><p>Last month, Palantir reported its first profitable quarter, during which sales grew faster on government business rather than revenue from the private sector partly due to economic uncertainty.</p><p>Palantir told Reuters the State Department has already paid the company $10 million as part of the purchase agreement, and it will book the remaining value over the next five years.</p><p>The Denver, Colorado-headquartered company said the deal continues a pilot dating back to 2021 and other State Department work since 2017.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2317013454","content_text":"Palantir Technologies Inc has won a contract to sell up to $99.6 million worth of software to the U.S. Department of State for monitoring the health of the diplomatic corps, the company told Reuters ahead of a Wednesday announcement.The U.S. data analytics firm said the project - Axiom - would help the Bureau of Medical Services respond faster to any health crises faced by the embassy staff and their families.The bureau has sought software to record health incidents, predict risks, manage medical-evacuation missions and handle other tasks, according to a government document.The news reflects how Palantir is aiming to secure government deals beyond the military and intelligence work central to its business, even as analysts have said such opportunities are being delayed by the U.S. budget scrutiny.Last month, Palantir reported its first profitable quarter, during which sales grew faster on government business rather than revenue from the private sector partly due to economic uncertainty.Palantir told Reuters the State Department has already paid the company $10 million as part of the purchase agreement, and it will book the remaining value over the next five years.The Denver, Colorado-headquartered company said the deal continues a pilot dating back to 2021 and other State Department work since 2017.","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940252346,"gmtCreate":1677979168386,"gmtModify":1677979172458,"author":{"id":"4094852596308640","authorId":"4094852596308640","name":"TKY1978","avatar":"https://static.tigerbbs.com/6cd12a4c4a07fc4dec7e7f7343b18227","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940252346","repostId":"1188147335","repostType":4,"repost":{"id":"1188147335","pubTimestamp":1677896169,"share":"https://www.laohu8.com/m/news/1188147335?lang=&edition=full","pubTime":"2023-03-04 10:16","market":"other","language":"en","title":"Why The Market Could Drop By Another 20%-25%","url":"https://stock-news.laohu8.com/highlight/detail?id=1188147335","media":"Seeking Alpha","summary":"SummaryWe've seen one heck of a rally since the market reached an intermediate-term bottom in mid Oc","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>We&#39;ve seen one heck of a rally since the market reached an intermediate-term bottom in mid October.</li><li>Incidentally, a textbook 20% bear market rally took the S&amp;P 500 from 3,500 to 4,200 in about three months.</li><li>However, I&#39;m highly skeptical that the worst is behind us.</li><li>Unfortunately, inflation remains more persistent than anticipated, the Fed should continue tightening, and the economy will likely worsen as we advance.</li><li>Furthermore, stocks are not cheap, and my &#34;all-in&#34; bear market bottom target remains 3,000-3,200, roughly 20%-25% lower from here.</li></ul><p>The S&amp;P 500/SPX (SP500) had an excellent rally from its mid-October bottom at 3,500. After calling the bottom in my &#34;Stocks Are Heading Higher&#34; article, I indicated that the likely top for the rally would arrive in the 4,000-4,200. The market recently topped out around 4,200, after a textbook 20% bear market rally. Now, the SPX is at another critical inflection point, and despite a 6% correction from the recent high, the market could go significantly lower as we advance in the coming months. In addition to deteriorating technical conditions, inflation remains persistent.</p><p>Moreover, we&#39;re seeing worsening economic indicators, implying that the increased rate environment reflects poorly on the economy. Furthermore, due to the persistent inflation problem, the Fed will probably continue raising the benchmark rate, remaining relatively hawkish. Consumer sentiment and other crucial consumer-related readings will likely worsen along with the labor market leading to more pain on Main Street. As corporate profits worsen in the near term, the stock market will probably head lower, causing some panic on Wall Street in the coming months.</p><p>SPX - At Another Inflection Point<img src=\"https://static.tigerbbs.com/79e4c150b976cb211ccb6f5f67170f37\" tg-width=\"640\" tg-height=\"676\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>SPX(StockCharts.com)</p><p>The SPX is around critical support at 3,940 - 4,000, coinciding with the 50, and the 200-day moving averages. If the SPX decisively breaks down below this crucial support level, the market could swiftly drop to 3,800 support. If the 3,800 support breaks down, the market will likely retest 3,500 and move lower toward my long-term bear market bottom level at 3,000-3,200. This drop would equate to approximately 20-25% more downside from current levels. Unfortunately, due to the deteriorating fundamental factors surrounding the economy, there&#39;s a high probability that the SPX will revisit the 3,500 - 3,000 before achieving a true bottom. The peak-to-trough decline (4,800 to 3,000) would equate to a drop of approximately 38%, easily comparable to previous bear markets in recent history.</p><p><b>There&#39;s a Chance</b></p><p>Although the probability is relatively low, SPX&#39;s support could hold here, and we may see the market rebound and move higher. However, due to the challenging macroeconomic environment, the near-term upside is likely limited, and the path of least resistance is to the downside now. Also, it&#39;s premature to call an end to the bear market, and I am highly skeptical that a new bull market began in October and that the SPX will reach new highs soon.</p><p>Why Inflation Remains a Big Problem</p><p><b>CPI Inflation</b></p><p><img src=\"https://static.tigerbbs.com/10057ace35cbf6a1921aa9cae02f6d0b\" tg-width=\"640\" tg-height=\"302\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>CPI(TradingEconomics.com )</p><p>Inflation peaked at around 9% last year, and the Fed has raised rates significantly, utilizing other programs like QT to bring the inflation problem under control. There&#39;s been some success as inflation has come down from the ultra-high levels not seen in the last forty years. Nevertheless, inflation is still running red hot above 6%, while the Fed&#39;s target rate remains at 2%. Moreover, after several months of constructive inflation readings, January&#39;s CPI came in hotter than expected.</p><p><b>The Recent CPI Report</b></p><p><img src=\"https://static.tigerbbs.com/5f7c22ef79685f6f2789bc39233660b5\" tg-width=\"640\" tg-height=\"156\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>CPI (January)(Investing.com )</p><p>The market expected a drop to 6.2%, but the CPI came in at 6.4%, missing estimates and barely budging from the prior month&#39;s reading of 6.5%. Moreover, it&#39;s not just the CPI. Other critical inflation readings like the PCE also reversed, coming in hotter than anticipated.</p><p><b>PCE Inflation</b></p><p><img src=\"https://static.tigerbbs.com/100421b03f101dd14bf7039f266d679c\" tg-width=\"640\" tg-height=\"186\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>PCE inflation(Investing.com )</p><p>The PCE inflation readings were substantially higher than expected. We see the PCE at 5.4% vs. the expected 5%. Moreover, the PCE was even higher than the previous month&#39;s 5.3% reading. So, inflation is moving in the wrong direction, and this trend of persistently higher-than-expected inflation could continue. Furthermore, the PCE reading is critical as it&#39;s the Fed&#39;s preferred inflation gauge. Therefore, we will likely continue seeing tighter monetary for longer, which is a negative development for stocks and other risk assets.</p><p><b>Is the Fed Doing Too Much or Not Enough?</b></p><p>Unfortunately, the Fed is between a rock and a hard place. Remember all that talk about inflation being a transitory phenomenon and everything should be fine? I remember this specific rhetoric as the Fed printed money like there was no tomorrow. I always expressed that inflation would not be as &#34;transitory&#34; as the Fed claimed and that the economy would suffer significantly. Well, here we are. The Fed is battling highly persistent inflation, anything but transitory, and the economy is worsening considerably.</p><p><b>The Worsening Economy</b></p><p>Have you seen the recent economic readings? I see many problems, and they&#39;re not likely to go away anytime soon. Let&#39;s put inflation aside and look at some troubling critical economic data that&#39;s come out recently.</p><p>Just from the start of February, we&#39;ve seenISM manufacturing PMI, factory orders, consumer expectations, industrial production, building, housing, GDP, consumer confidence, oil inventories, and other crucial data points come in worse than expected. Moreover, the worse-than-expected data is coming in below lowered estimates, and even most of the better-than-anticipated data does not look great.</p><p><b>Is the Labor Market an Exception?</b><img src=\"https://static.tigerbbs.com/ada4e0ca1e2a60decab85dee6c4f940a\" tg-width=\"640\" tg-height=\"209\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Jobs data(Investing.com)</p><p>The latest nonfarm payrolls report came in significantly better than expected. The economy added 517K jobs while expectations were for 185K. The unemployment rate also dropped to a rock bottom of 3.4%. So, how can the economy worsen while the labor market remains this robust? First, the labor market data is a lagging indicator, not indicative of future results. Secondly, the labor market appeared very strong in other cycles just before the worst part of a downturn began. And thirdly, the labor market may be one of the last dominoes standing, and when it falls, it could drag the stock market substantially lower. We&#39;ve recently seen numerous companies reporting mass layoffs. These firings take time to filter through the system and should impact payroll reports negatively in the coming months. Moreover, not all jobs are the same. As major corporations cut hundreds of thousands of relatively high-paying jobs to improve efficiency and increase profitability, those fortunate enough to find new jobs will likely fill lower-paying positions. As this phenomenon persists, millions of consumers could suffer due to being pinched from multiple sides by high inflation and lower wages.</p><p><b>Valuations Are Not Cheap Anymore</b></p><p>We&#39;ve seen many companies&#39; earnings stagnate or decline in recent quarters. As the consumer continues to soften, lower earnings could continue as we advance in the near/intermediate term. Also, we&#39;ve seen many stocks appreciate considerably in the recent rally. Thus, while many valuations appeared cheap and attractive, with the SPX around 3,500, many companies are not cheap anymore and could become even more expensive as earnings and future estimates stumble in the coming months.</p><p><b>Shiller P/E Ratio</b></p><p><img src=\"https://static.tigerbbs.com/a5c0cae380760ab0af564889c1e421d0\" tg-width=\"640\" tg-height=\"297\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Shiller P/E(multpl.com)</p><p>We&#39;ve seen the Shiller P/E (cyclically adjusted &#34;CAPE&#34;) ratio come down some from the bubble days of November 2021. However, at around 29, the CAPE is still highly elevated, implying that most stocks are not cheap and likely have more room to fall as we grind through this bear market. The historical mean for the CAPE is 17, roughly 40% below its current level. If the CAPE reverts to its mean in this bear market, we could see the SPX bottom around 2,400. However, this ultra-bearish 50% peak-to-trough decline scenario is not a high-probability event due to the Fed and other factors. Nevertheless, the CAPE should move lower before going higher again, and my estimate for a bottom is around the 22-23 level, roughly in line with the 3,000-3,200 level in the SPX.</p><p><b>The Bottom Line</b></p><p>We&#39;ve seen a textbook 20% bear market rally lift stocks from the profoundly oversold 3,500 level in the SPX. Many stocks have appreciated considerably, some by 100% or more in this relatively short time frame. However, the rally ended around 4,200 due to the lack of constructive catalysts capable of propelling stocks into a new bull market. Moreover, we see persistently high inflation, and the recent progress is overshadowed by the higher-than-anticipated inflation results last month. Therefore, the Fed will likely continue raising interest rates and could remain hawkish for longer as the inflation problem persists.</p><p>Moreover, critical economic indicators and many corporate profits continue worsening, implying more pain ahead for Main Street and Wall Street. Furthermore, most stocks are not cheap here. Thus, many could drop precipitously if the selling accelerates. If SPX breaks below support (decisively) around 4,000, it could cascade to 3,800 next and 3,500 or lower afterward. My bear market bottom &#34;all-in&#34; buy-in range remains around 3,000-3,200, roughly 20-25% below current levels.</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why The Market Could Drop By Another 20%-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\">\nWhy The Market Could Drop By Another 20%-25%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-04 10:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4584309-why-the-market-could-drop-more><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryWe've seen one heck of a rally since the market reached an intermediate-term bottom in mid October.Incidentally, a textbook 20% bear market rally took the S&P 500 from 3,500 to 4,200 in about ...</p>\n\n<a href=\"https://seekingalpha.com/article/4584309-why-the-market-could-drop-more\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/article/4584309-why-the-market-could-drop-more","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188147335","content_text":"SummaryWe've seen one heck of a rally since the market reached an intermediate-term bottom in mid October.Incidentally, a textbook 20% bear market rally took the S&P 500 from 3,500 to 4,200 in about three months.However, I'm highly skeptical that the worst is behind us.Unfortunately, inflation remains more persistent than anticipated, the Fed should continue tightening, and the economy will likely worsen as we advance.Furthermore, stocks are not cheap, and my \"all-in\" bear market bottom target remains 3,000-3,200, roughly 20%-25% lower from here.The S&P 500/SPX (SP500) had an excellent rally from its mid-October bottom at 3,500. After calling the bottom in my \"Stocks Are Heading Higher\" article, I indicated that the likely top for the rally would arrive in the 4,000-4,200. The market recently topped out around 4,200, after a textbook 20% bear market rally. Now, the SPX is at another critical inflection point, and despite a 6% correction from the recent high, the market could go significantly lower as we advance in the coming months. In addition to deteriorating technical conditions, inflation remains persistent.Moreover, we're seeing worsening economic indicators, implying that the increased rate environment reflects poorly on the economy. Furthermore, due to the persistent inflation problem, the Fed will probably continue raising the benchmark rate, remaining relatively hawkish. Consumer sentiment and other crucial consumer-related readings will likely worsen along with the labor market leading to more pain on Main Street. As corporate profits worsen in the near term, the stock market will probably head lower, causing some panic on Wall Street in the coming months.SPX - At Another Inflection PointSPX(StockCharts.com)The SPX is around critical support at 3,940 - 4,000, coinciding with the 50, and the 200-day moving averages. If the SPX decisively breaks down below this crucial support level, the market could swiftly drop to 3,800 support. If the 3,800 support breaks down, the market will likely retest 3,500 and move lower toward my long-term bear market bottom level at 3,000-3,200. This drop would equate to approximately 20-25% more downside from current levels. Unfortunately, due to the deteriorating fundamental factors surrounding the economy, there's a high probability that the SPX will revisit the 3,500 - 3,000 before achieving a true bottom. The peak-to-trough decline (4,800 to 3,000) would equate to a drop of approximately 38%, easily comparable to previous bear markets in recent history.There's a ChanceAlthough the probability is relatively low, SPX's support could hold here, and we may see the market rebound and move higher. However, due to the challenging macroeconomic environment, the near-term upside is likely limited, and the path of least resistance is to the downside now. Also, it's premature to call an end to the bear market, and I am highly skeptical that a new bull market began in October and that the SPX will reach new highs soon.Why Inflation Remains a Big ProblemCPI InflationCPI(TradingEconomics.com )Inflation peaked at around 9% last year, and the Fed has raised rates significantly, utilizing other programs like QT to bring the inflation problem under control. There's been some success as inflation has come down from the ultra-high levels not seen in the last forty years. Nevertheless, inflation is still running red hot above 6%, while the Fed's target rate remains at 2%. Moreover, after several months of constructive inflation readings, January's CPI came in hotter than expected.The Recent CPI ReportCPI (January)(Investing.com )The market expected a drop to 6.2%, but the CPI came in at 6.4%, missing estimates and barely budging from the prior month's reading of 6.5%. Moreover, it's not just the CPI. Other critical inflation readings like the PCE also reversed, coming in hotter than anticipated.PCE InflationPCE inflation(Investing.com )The PCE inflation readings were substantially higher than expected. We see the PCE at 5.4% vs. the expected 5%. Moreover, the PCE was even higher than the previous month's 5.3% reading. So, inflation is moving in the wrong direction, and this trend of persistently higher-than-expected inflation could continue. Furthermore, the PCE reading is critical as it's the Fed's preferred inflation gauge. Therefore, we will likely continue seeing tighter monetary for longer, which is a negative development for stocks and other risk assets.Is the Fed Doing Too Much or Not Enough?Unfortunately, the Fed is between a rock and a hard place. Remember all that talk about inflation being a transitory phenomenon and everything should be fine? I remember this specific rhetoric as the Fed printed money like there was no tomorrow. I always expressed that inflation would not be as \"transitory\" as the Fed claimed and that the economy would suffer significantly. Well, here we are. The Fed is battling highly persistent inflation, anything but transitory, and the economy is worsening considerably.The Worsening EconomyHave you seen the recent economic readings? I see many problems, and they're not likely to go away anytime soon. Let's put inflation aside and look at some troubling critical economic data that's come out recently.Just from the start of February, we've seenISM manufacturing PMI, factory orders, consumer expectations, industrial production, building, housing, GDP, consumer confidence, oil inventories, and other crucial data points come in worse than expected. Moreover, the worse-than-expected data is coming in below lowered estimates, and even most of the better-than-anticipated data does not look great.Is the Labor Market an Exception?Jobs data(Investing.com)The latest nonfarm payrolls report came in significantly better than expected. The economy added 517K jobs while expectations were for 185K. The unemployment rate also dropped to a rock bottom of 3.4%. So, how can the economy worsen while the labor market remains this robust? First, the labor market data is a lagging indicator, not indicative of future results. Secondly, the labor market appeared very strong in other cycles just before the worst part of a downturn began. And thirdly, the labor market may be one of the last dominoes standing, and when it falls, it could drag the stock market substantially lower. We've recently seen numerous companies reporting mass layoffs. These firings take time to filter through the system and should impact payroll reports negatively in the coming months. Moreover, not all jobs are the same. As major corporations cut hundreds of thousands of relatively high-paying jobs to improve efficiency and increase profitability, those fortunate enough to find new jobs will likely fill lower-paying positions. As this phenomenon persists, millions of consumers could suffer due to being pinched from multiple sides by high inflation and lower wages.Valuations Are Not Cheap AnymoreWe've seen many companies' earnings stagnate or decline in recent quarters. As the consumer continues to soften, lower earnings could continue as we advance in the near/intermediate term. Also, we've seen many stocks appreciate considerably in the recent rally. Thus, while many valuations appeared cheap and attractive, with the SPX around 3,500, many companies are not cheap anymore and could become even more expensive as earnings and future estimates stumble in the coming months.Shiller P/E RatioShiller P/E(multpl.com)We've seen the Shiller P/E (cyclically adjusted \"CAPE\") ratio come down some from the bubble days of November 2021. However, at around 29, the CAPE is still highly elevated, implying that most stocks are not cheap and likely have more room to fall as we grind through this bear market. The historical mean for the CAPE is 17, roughly 40% below its current level. If the CAPE reverts to its mean in this bear market, we could see the SPX bottom around 2,400. However, this ultra-bearish 50% peak-to-trough decline scenario is not a high-probability event due to the Fed and other factors. Nevertheless, the CAPE should move lower before going higher again, and my estimate for a bottom is around the 22-23 level, roughly in line with the 3,000-3,200 level in the SPX.The Bottom LineWe've seen a textbook 20% bear market rally lift stocks from the profoundly oversold 3,500 level in the SPX. Many stocks have appreciated considerably, some by 100% or more in this relatively short time frame. However, the rally ended around 4,200 due to the lack of constructive catalysts capable of propelling stocks into a new bull market. Moreover, we see persistently high inflation, and the recent progress is overshadowed by the higher-than-anticipated inflation results last month. Therefore, the Fed will likely continue raising interest rates and could remain hawkish for longer as the inflation problem persists.Moreover, critical economic indicators and many corporate profits continue worsening, implying more pain ahead for Main Street and Wall Street. Furthermore, most stocks are not cheap here. Thus, many could drop precipitously if the selling accelerates. If SPX breaks below support (decisively) around 4,000, it could cascade to 3,800 next and 3,500 or lower afterward. My bear market bottom \"all-in\" buy-in range remains around 3,000-3,200, roughly 20-25% below current levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[],"lives":[]}