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04-26 11:15

$Keppel(BN4.SI)$ 👇👻

04-22

$Keppel(BN4.SI)$ 👇👻

04-18

$Tesla Motors(TSLA)$ 🔻👇👻

04-15

$Tesla Motors(TSLA)$ 🔻👻

04-15

$Li Auto(LI)$ 🔻👻

04-15

$NIO Inc.(NIO)$ 🔻👻

04-15

$XPeng Inc.(XPEV)$ 🔻👻

04-02

$XPENG-W(09868)$ 👇👻

03-27

$XPeng Inc.(XPEV)$ 👇👻

03-15

Grab! 😆

SG Morning Call｜Singapore Stocks Open Lower; SIA Prices US$500 Million Notes

02-28

$XPeng Inc.(XPEV)$ 👇🔻👻

02-26

$DBS GROUP HOLDINGS LTD(D05.SI)$ 🔻👻

02-26

$XPENG-W(09868)$ 🔻👻

02-26

$Keppel(BN4.SI)$ 🔻👻

02-19

$Keppel(BN4.SI)$ 👇👻

02-02

$XPeng Inc.(XPEV)$ ⬇️👇👻

01-19

$XPeng Inc.(XPEV)$ ⬇️👻

01-12

$XPeng Inc.(XPEV)$ 🛩️👇👻

01-08

$XPeng Inc.(XPEV)$ 👇👻

2023-12-15

$Mapletree Log Tr(M44U.SI)$

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href=\"https://ttm.financial/S/BN4.SI\">$Keppel(BN4.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> 👇👻","listText":"<a href=\"https://ttm.financial/S/BN4.SI\">$Keppel(BN4.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> 👇👻","text":"$Keppel(BN4.SI)$ 👇👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/299315628974192","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":297906418028816,"gmtCreate":1713759745934,"gmtModify":1713759748892,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BN4.SI\">$Keppel(BN4.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> 👇👻","listText":"<a href=\"https://ttm.financial/S/BN4.SI\">$Keppel(BN4.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> 👇👻","text":"$Keppel(BN4.SI)$ 👇👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297906418028816","isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":296597774287104,"gmtCreate":1713449085971,"gmtModify":1713449089154,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👇👻","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👇👻","text":"$Tesla Motors(TSLA)$ 🔻👇👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/296597774287104","isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":295649960214680,"gmtCreate":1713190180249,"gmtModify":1713190181867,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","text":"$Tesla Motors(TSLA)$ 🔻👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/295649960214680","isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":295649590083640,"gmtCreate":1713190098534,"gmtModify":1713190100490,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LI\">$Li Auto(LI)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","listText":"<a href=\"https://ttm.financial/S/LI\">$Li Auto(LI)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","text":"$Li Auto(LI)$ 🔻👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/295649590083640","isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":295649862304032,"gmtCreate":1713190066820,"gmtModify":1713190068885,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","text":"$NIO Inc.(NIO)$ 🔻👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/295649862304032","isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":295649274781896,"gmtCreate":1713190026149,"gmtModify":1713190029074,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","listText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","text":"$XPeng Inc.(XPEV)$ 🔻👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/295649274781896","isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":290806135296216,"gmtCreate":1712023510011,"gmtModify":1712023513108,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09868\">$XPENG-W(09868)$&nbsp;</a><v-v data-views=\"0\"></v-v> 👇👻","listText":"<a href=\"https://ttm.financial/S/09868\">$XPENG-W(09868)$&nbsp;</a><v-v data-views=\"0\"></v-v> 👇👻","text":"$XPENG-W(09868)$ 👇👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/290806135296216","isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":288867560652936,"gmtCreate":1711548764073,"gmtModify":1711548766426,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a><v-v data-views=\"0\"></v-v> 👇👻","listText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a><v-v data-views=\"0\"></v-v> 👇👻","text":"$XPeng Inc.(XPEV)$ 👇👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/288867560652936","isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":284464152150168,"gmtCreate":1710465281158,"gmtModify":1710465286111,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Grab! 😆","listText":"Grab! 😆","text":"Grab! 😆","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/284464152150168","repostId":"1144818245","repostType":4,"repost":{"id":"1144818245","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings","home_visible":1,"media_name":"TigerNews SG","id":"1050470178","head_image":"https://community-static.tradeup.com/news/f17a9a7b68c877792d5e556261e9e709"},"pubTimestamp":1710464400,"share":"https://www.laohu8.com/m/news/1144818245?lang=&edition=full","pubTime":"2024-03-15 09:00","market":"sg","language":"en","title":"SG Morning Call｜Singapore Stocks Open Lower; SIA Prices US$500 Million Notes","url":"https://stock-news.laohu8.com/highlight/detail?id=1144818245","media":"TigerNews SG","summary":"Market SnapshotSingapore stocks opened lower on Friday. STI fell 0.6%, DBS fell 0.4%, OCBC fell 1.1%, UOB fell 0.7%, SingTel fell 1.2%, Nio fell 3.4%, Keppel fell 1%.Stocks to WatchSingapore Airlines ","content":"<html><head></head><body><h2 id=\"id_490762333\">Market Snapshot</h2><p>Singapore stocks opened lower on Friday. STI fell 0.6%, DBS fell 0.4%, OCBC fell 1.1%, UOB fell 0.7%, SingTel fell 1.2%, Nio fell 3.4%, Keppel fell 1%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b32f01ddfbfd0a4f9610bf0fcf96238d\" tg-width=\"393\" tg-height=\"728\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/031cd4e6bcea1c65440fb86a1fd0cb5d\" tg-width=\"396\" tg-height=\"716\"/></p><h2 id=\"id_3813175564\">Stocks to Watch</h2><p><strong>Singapore Airlines (SIA) (C6L):</strong> The flag carrier has priced US$500 million of 10-year, 5.25 per cent bonds at a re-offer price of 99.646 per cent of their nominal value to yield 5.296 per cent. The fixed-rate notes will bear a coupon of 5.25 per cent per annum until their maturity on Mar 21, 2034, said DBS on Thursday as a joint coordinator and bookrunner for the bond. Shares of SIA closed S$0.03 or 0.5 per cent higher at S$6.42, before the announcement.</p><p style=\"text-align: start;\"><strong>Frasers Logistics and Commercial Trust (FLCT) (BUOU), Frasers Property (TQ5):</strong> The real estate investment trust is acquiring an 89.9 per cent interest in four logistics assets in Germany from its sponsor, Frasers Property, for a consideration of 118.7 million euros (S$173.1 million). On Friday, FLCT said the acquisition is expected to be accretive to distribution per unit and net asset value. Units of the Reit ended Thursday unchanged at S$1.04, while Frasers Property shares were flat at S$0.835.</p><p><strong>No Signboard (1G6): </strong>The counter resumes trading on Friday more than two years after it voluntarily suspended its trading. On Thursday, No Signboard said it was granted approval to do so by the Singapore Exchange Regulation. The restaurant operator also intends to consolidate its shares six to one. The company’s shares last closed at S$0.031 on Jan 24, 2022, down from its initial public offering price of S$0.28.</p><p style=\"text-align: start;\"><strong>Chemical Industries (C05): </strong>The chemical manufacturer on Thursday said that companies linked to its co-founder, Lim Soo Peng, do not use the group’s office for business. This was in response to queries from Securities Investors Association (Singapore), or Sias. The company’s shares closed flat at S$0.50 on Thursday, before the announcement.</p><p style=\"text-align: start;\"><strong>Cordlife Group (P8A)</strong> called for a trading halt on Thursday afternoon, pending the release of an announcement. The counter was trading down S$0.015 or 6.3 per cent at S$0.225 on Thursday before the trading halt.</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_2687998721\">Singapore&#39;s Job Vacancies Rise to 79,800, While Re-Entry Rate of Retrenched Workers Falls in Q4</h3><p>Job vacancies in Singapore edged up slightly in the fourth quarter of 2023, while a lower re-entry rate of 61.5 per cent was observed among residents six months after retrenchment, according to the Ministry of Manpower’s (MOM) <em>Labour Market Report</em> on Thursday (Mar 14).</p><p style=\"text-align: start;\">Job vacancies grew to 79,800 in December, from 78,200 in September, after falling for six consecutive quarters since peaking in March 2022.</p><p style=\"text-align: start;\">The ratio of job vacancies to unemployed persons, at 1.74, has been rising since March 2021 when it was 0.96, indicating a “moderately tight labour market”, said MOM.</p><h3 id=\"id_188610567\">SIA Prices US$500 Million Notes Due 2034 at 5.296% Yield</h3><p>Singapore Airlines has priced US$500 million of 10-year, 5.25 per cent bonds at a re-offer price of 99.646 per cent of their nominal value to yield 5.296 per cent.</p><p style=\"text-align: start;\">The fixed-rate notes will bear a coupon of 5.25 per cent per annum until their maturity on Mar 21, 2034, said DBS on Thursday (Mar 14). The coupon will be paid semi-annually.</p><p style=\"text-align: start;\">DBS and Citigroup are joint global coordinators for the bond. They are also the joint bookrunners with HSBC and JPMorgan.</p><h3 id=\"id_1889348260\">Singapore May See &#34;Short Pause&#34; in Investments</h3><p>Singapore is likely to see a “short pause” in investments in the near term, as large multinational enterprises (MNEs) wait to see what incentives other countries will offer in light of global tax changes, said PwC global tax policy leader William Morris in a recent interview with <em>The Business Times</em>.</p><p style=\"text-align: start;\">This is especially because Singapore will lose two major tax incentives following these tax changes: the Pioneer Certificate Incentive, which provides a tax exemption for qualifying activities; and the Development and Expansion Incentive, which provides a concessionary tax rate of either 5 or 10 per cent on income derived from qualifying activities.</p><p style=\"text-align: start;\">“I don’t think businesses are going to leave as a result of that,” said Morris. “But it does mean that the amount of investment that takes place in the next year might be affected.”</p><h3 id=\"id_2229630162\">Singaporean Bank UOB Aims to Double Private Wealth Assets By 2026</h3><p>Singaporean lender United Overseas Bank (UOB) is planning to double its private wealth assets under management over the next couple of years as it bets on increased wealth inflows into the city-state and Southeast Asia, a top executive said.</p><p>Total assets under management (AUM) at UOB, Southeast Asia&#39;s third biggest lender by assets, rose to a record S$176 billion ($132.04 billion) as of end-December.</p><p>Assets from its private wealth clients - affluent individuals with assets worth at least S$2 million - account for more than half of the total AUM, said UOB&#39;s head of private bank Chew Mun Yew.</p><p>&#34;With the increased wealth flow opportunities into ASEAN region and the strong organic growth within Singapore, we believe there will be continued strong growth momentum in the wealth management space,&#34; Chew told Reuters.</p><h3 id=\"id_3339065280\" style=\"text-align: start;\">Philippines Says It Can Overtake Singapore Next Year as Asia’s No. 2 Casino Hub</h3><p>The Philippines can overtake Singapore as soon as next year as Asia’s second-largest gambling destination after Macau, the head of Manila’s gaming agency said, with new integrated resorts seen boosting visitors and offsetting a decline in Chinese tourist arrivals.</p><p style=\"text-align: start;\">A new integrated resort by billionaire Enrique Razon’s Bloombery Resorts Corp. will open in Manila later this year, while up to eight more casino projects are being planned, Alejandro Tengco, Chairman and Chief Executive Officer of state regulator Philippine Amusement and Gaming Corp., or Pagcor, said in an interview at his office on Tuesday. The regulator also plans to sell state-run casinos by no later than early 2026, he said.</p><p style=\"text-align: start;\">“If Singapore doesn’t expand, they will plateau. Don’t be surprised if next year we will surpass them,” Tengco said. The Philippines expects gross gaming revenue to reach a new high of 336 billion pesos ($6.1 billion) this year, up from last year’s record 285 billion pesos.</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>SG Morning Call｜Singapore Stocks Open Lower; SIA Prices US$500 Million Notes</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\">\nSG Morning Call｜Singapore Stocks Open Lower; SIA Prices US$500 Million Notes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1050470178\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/f17a9a7b68c877792d5e556261e9e709);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">TigerNews SG </p>\n<p class=\"h-time\">2024-03-15 09:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h2 id=\"id_490762333\">Market Snapshot</h2><p>Singapore stocks opened lower on Friday. STI fell 0.6%, DBS fell 0.4%, OCBC fell 1.1%, UOB fell 0.7%, SingTel fell 1.2%, Nio fell 3.4%, Keppel fell 1%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b32f01ddfbfd0a4f9610bf0fcf96238d\" tg-width=\"393\" tg-height=\"728\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/031cd4e6bcea1c65440fb86a1fd0cb5d\" tg-width=\"396\" tg-height=\"716\"/></p><h2 id=\"id_3813175564\">Stocks to Watch</h2><p><strong>Singapore Airlines (SIA) (C6L):</strong> The flag carrier has priced US$500 million of 10-year, 5.25 per cent bonds at a re-offer price of 99.646 per cent of their nominal value to yield 5.296 per cent. The fixed-rate notes will bear a coupon of 5.25 per cent per annum until their maturity on Mar 21, 2034, said DBS on Thursday as a joint coordinator and bookrunner for the bond. Shares of SIA closed S$0.03 or 0.5 per cent higher at S$6.42, before the announcement.</p><p style=\"text-align: start;\"><strong>Frasers Logistics and Commercial Trust (FLCT) (BUOU), Frasers Property (TQ5):</strong> The real estate investment trust is acquiring an 89.9 per cent interest in four logistics assets in Germany from its sponsor, Frasers Property, for a consideration of 118.7 million euros (S$173.1 million). On Friday, FLCT said the acquisition is expected to be accretive to distribution per unit and net asset value. Units of the Reit ended Thursday unchanged at S$1.04, while Frasers Property shares were flat at S$0.835.</p><p><strong>No Signboard (1G6): </strong>The counter resumes trading on Friday more than two years after it voluntarily suspended its trading. On Thursday, No Signboard said it was granted approval to do so by the Singapore Exchange Regulation. The restaurant operator also intends to consolidate its shares six to one. The company’s shares last closed at S$0.031 on Jan 24, 2022, down from its initial public offering price of S$0.28.</p><p style=\"text-align: start;\"><strong>Chemical Industries (C05): </strong>The chemical manufacturer on Thursday said that companies linked to its co-founder, Lim Soo Peng, do not use the group’s office for business. This was in response to queries from Securities Investors Association (Singapore), or Sias. The company’s shares closed flat at S$0.50 on Thursday, before the announcement.</p><p style=\"text-align: start;\"><strong>Cordlife Group (P8A)</strong> called for a trading halt on Thursday afternoon, pending the release of an announcement. The counter was trading down S$0.015 or 6.3 per cent at S$0.225 on Thursday before the trading halt.</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_2687998721\">Singapore&#39;s Job Vacancies Rise to 79,800, While Re-Entry Rate of Retrenched Workers Falls in Q4</h3><p>Job vacancies in Singapore edged up slightly in the fourth quarter of 2023, while a lower re-entry rate of 61.5 per cent was observed among residents six months after retrenchment, according to the Ministry of Manpower’s (MOM) <em>Labour Market Report</em> on Thursday (Mar 14).</p><p style=\"text-align: start;\">Job vacancies grew to 79,800 in December, from 78,200 in September, after falling for six consecutive quarters since peaking in March 2022.</p><p style=\"text-align: start;\">The ratio of job vacancies to unemployed persons, at 1.74, has been rising since March 2021 when it was 0.96, indicating a “moderately tight labour market”, said MOM.</p><h3 id=\"id_188610567\">SIA Prices US$500 Million Notes Due 2034 at 5.296% Yield</h3><p>Singapore Airlines has priced US$500 million of 10-year, 5.25 per cent bonds at a re-offer price of 99.646 per cent of their nominal value to yield 5.296 per cent.</p><p style=\"text-align: start;\">The fixed-rate notes will bear a coupon of 5.25 per cent per annum until their maturity on Mar 21, 2034, said DBS on Thursday (Mar 14). The coupon will be paid semi-annually.</p><p style=\"text-align: start;\">DBS and Citigroup are joint global coordinators for the bond. They are also the joint bookrunners with HSBC and JPMorgan.</p><h3 id=\"id_1889348260\">Singapore May See &#34;Short Pause&#34; in Investments</h3><p>Singapore is likely to see a “short pause” in investments in the near term, as large multinational enterprises (MNEs) wait to see what incentives other countries will offer in light of global tax changes, said PwC global tax policy leader William Morris in a recent interview with <em>The Business Times</em>.</p><p style=\"text-align: start;\">This is especially because Singapore will lose two major tax incentives following these tax changes: the Pioneer Certificate Incentive, which provides a tax exemption for qualifying activities; and the Development and Expansion Incentive, which provides a concessionary tax rate of either 5 or 10 per cent on income derived from qualifying activities.</p><p style=\"text-align: start;\">“I don’t think businesses are going to leave as a result of that,” said Morris. “But it does mean that the amount of investment that takes place in the next year might be affected.”</p><h3 id=\"id_2229630162\">Singaporean Bank UOB Aims to Double Private Wealth Assets By 2026</h3><p>Singaporean lender United Overseas Bank (UOB) is planning to double its private wealth assets under management over the next couple of years as it bets on increased wealth inflows into the city-state and Southeast Asia, a top executive said.</p><p>Total assets under management (AUM) at UOB, Southeast Asia&#39;s third biggest lender by assets, rose to a record S$176 billion ($132.04 billion) as of end-December.</p><p>Assets from its private wealth clients - affluent individuals with assets worth at least S$2 million - account for more than half of the total AUM, said UOB&#39;s head of private bank Chew Mun Yew.</p><p>&#34;With the increased wealth flow opportunities into ASEAN region and the strong organic growth within Singapore, we believe there will be continued strong growth momentum in the wealth management space,&#34; Chew told Reuters.</p><h3 id=\"id_3339065280\" style=\"text-align: start;\">Philippines Says It Can Overtake Singapore Next Year as Asia’s No. 2 Casino Hub</h3><p>The Philippines can overtake Singapore as soon as next year as Asia’s second-largest gambling destination after Macau, the head of Manila’s gaming agency said, with new integrated resorts seen boosting visitors and offsetting a decline in Chinese tourist arrivals.</p><p style=\"text-align: start;\">A new integrated resort by billionaire Enrique Razon’s Bloombery Resorts Corp. will open in Manila later this year, while up to eight more casino projects are being planned, Alejandro Tengco, Chairman and Chief Executive Officer of state regulator Philippine Amusement and Gaming Corp., or Pagcor, said in an interview at his office on Tuesday. The regulator also plans to sell state-run casinos by no later than early 2026, he said.</p><p style=\"text-align: start;\">“If Singapore doesn’t expand, they will plateau. Don’t be surprised if next year we will surpass them,” Tengco said. The Philippines expects gross gaming revenue to reach a new high of 336 billion pesos ($6.1 billion) this year, up from last year’s record 285 billion pesos.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","C05.SI":"化学工业（远东）有限公司","C6L.SI":"新加坡航空公司","P8A.SI":"康盛人生","TQ5.SI":"星狮地产有限公司","BUOU.SI":"星狮物流工业信托"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144818245","content_text":"Market SnapshotSingapore stocks opened lower on Friday. STI fell 0.6%, DBS fell 0.4%, OCBC fell 1.1%, UOB fell 0.7%, SingTel fell 1.2%, Nio fell 3.4%, Keppel fell 1%.Stocks to WatchSingapore Airlines (SIA) (C6L): The flag carrier has priced US$500 million of 10-year, 5.25 per cent bonds at a re-offer price of 99.646 per cent of their nominal value to yield 5.296 per cent. The fixed-rate notes will bear a coupon of 5.25 per cent per annum until their maturity on Mar 21, 2034, said DBS on Thursday as a joint coordinator and bookrunner for the bond. Shares of SIA closed S$0.03 or 0.5 per cent higher at S$6.42, before the announcement.Frasers Logistics and Commercial Trust (FLCT) (BUOU), Frasers Property (TQ5): The real estate investment trust is acquiring an 89.9 per cent interest in four logistics assets in Germany from its sponsor, Frasers Property, for a consideration of 118.7 million euros (S$173.1 million). On Friday, FLCT said the acquisition is expected to be accretive to distribution per unit and net asset value. Units of the Reit ended Thursday unchanged at S$1.04, while Frasers Property shares were flat at S$0.835.No Signboard (1G6): The counter resumes trading on Friday more than two years after it voluntarily suspended its trading. On Thursday, No Signboard said it was granted approval to do so by the Singapore Exchange Regulation. The restaurant operator also intends to consolidate its shares six to one. The company’s shares last closed at S$0.031 on Jan 24, 2022, down from its initial public offering price of S$0.28.Chemical Industries (C05): The chemical manufacturer on Thursday said that companies linked to its co-founder, Lim Soo Peng, do not use the group’s office for business. This was in response to queries from Securities Investors Association (Singapore), or Sias. The company’s shares closed flat at S$0.50 on Thursday, before the announcement.Cordlife Group (P8A) called for a trading halt on Thursday afternoon, pending the release of an announcement. The counter was trading down S$0.015 or 6.3 per cent at S$0.225 on Thursday before the trading halt.SG Local NewsSingapore's Job Vacancies Rise to 79,800, While Re-Entry Rate of Retrenched Workers Falls in Q4Job vacancies in Singapore edged up slightly in the fourth quarter of 2023, while a lower re-entry rate of 61.5 per cent was observed among residents six months after retrenchment, according to the Ministry of Manpower’s (MOM) Labour Market Report on Thursday (Mar 14).Job vacancies grew to 79,800 in December, from 78,200 in September, after falling for six consecutive quarters since peaking in March 2022.The ratio of job vacancies to unemployed persons, at 1.74, has been rising since March 2021 when it was 0.96, indicating a “moderately tight labour market”, said MOM.SIA Prices US$500 Million Notes Due 2034 at 5.296% YieldSingapore Airlines has priced US$500 million of 10-year, 5.25 per cent bonds at a re-offer price of 99.646 per cent of their nominal value to yield 5.296 per cent.The fixed-rate notes will bear a coupon of 5.25 per cent per annum until their maturity on Mar 21, 2034, said DBS on Thursday (Mar 14). The coupon will be paid semi-annually.DBS and Citigroup are joint global coordinators for the bond. They are also the joint bookrunners with HSBC and JPMorgan.Singapore May See \"Short Pause\" in InvestmentsSingapore is likely to see a “short pause” in investments in the near term, as large multinational enterprises (MNEs) wait to see what incentives other countries will offer in light of global tax changes, said PwC global tax policy leader William Morris in a recent interview with The Business Times.This is especially because Singapore will lose two major tax incentives following these tax changes: the Pioneer Certificate Incentive, which provides a tax exemption for qualifying activities; and the Development and Expansion Incentive, which provides a concessionary tax rate of either 5 or 10 per cent on income derived from qualifying activities.“I don’t think businesses are going to leave as a result of that,” said Morris. “But it does mean that the amount of investment that takes place in the next year might be affected.”Singaporean Bank UOB Aims to Double Private Wealth Assets By 2026Singaporean lender United Overseas Bank (UOB) is planning to double its private wealth assets under management over the next couple of years as it bets on increased wealth inflows into the city-state and Southeast Asia, a top executive said.Total assets under management (AUM) at UOB, Southeast Asia's third biggest lender by assets, rose to a record S$176 billion ($132.04 billion) as of end-December.Assets from its private wealth clients - affluent individuals with assets worth at least S$2 million - account for more than half of the total AUM, said UOB's head of private bank Chew Mun Yew.\"With the increased wealth flow opportunities into ASEAN region and the strong organic growth within Singapore, we believe there will be continued strong growth momentum in the wealth management space,\" Chew told Reuters.Philippines Says It Can Overtake Singapore Next Year as Asia’s No. 2 Casino HubThe Philippines can overtake Singapore as soon as next year as Asia’s second-largest gambling destination after Macau, the head of Manila’s gaming agency said, with new integrated resorts seen boosting visitors and offsetting a decline in Chinese tourist arrivals.A new integrated resort by billionaire Enrique Razon’s Bloombery Resorts Corp. will open in Manila later this year, while up to eight more casino projects are being planned, Alejandro Tengco, Chairman and Chief Executive Officer of state regulator Philippine Amusement and Gaming Corp., or Pagcor, said in an interview at his office on Tuesday. The regulator also plans to sell state-run casinos by no later than early 2026, he said.“If Singapore doesn’t expand, they will plateau. Don’t be surprised if next year we will surpass them,” Tengco said. The Philippines expects gross gaming revenue to reach a new high of 336 billion pesos ($6.1 billion) this year, up from last year’s record 285 billion pesos.","news_type":1},"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278975053504672,"gmtCreate":1709130756403,"gmtModify":1709130758739,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a><v-v data-views=\"0\"></v-v> 👇🔻👻","listText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a><v-v data-views=\"0\"></v-v> 👇🔻👻","text":"$XPeng Inc.(XPEV)$ 👇🔻👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278975053504672","isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278134897332400,"gmtCreate":1708930188331,"gmtModify":1708930191800,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","listText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","text":"$DBS GROUP HOLDINGS LTD(D05.SI)$ 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🔻👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278089024188648","isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278088594555144,"gmtCreate":1708918736747,"gmtModify":1708918739243,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BN4.SI\">$Keppel(BN4.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","listText":"<a href=\"https://ttm.financial/S/BN4.SI\">$Keppel(BN4.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","text":"$Keppel(BN4.SI)$ 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Grab!!!😆","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/234649688457416","isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3577097773714179","authorId":"3577097773714179","name":"KOne","avatar":"https://community-static.tradeup.com/news/8ffd4117163a10514ac3e008e343eb97","crmLevel":5,"crmLevelSwitch":0},"content":"Got it at $0.123 [Facepalm]… maybe next drop to zero?","text":"Got it at $0.123 [Facepalm]… maybe next drop to zero?","html":"Got it at $0.123 [Facepalm]… maybe next drop to zero?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940839981,"gmtCreate":1677800014744,"gmtModify":1677800018801,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":31,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940839981","repostId":"2316960400","repostType":4,"repost":{"id":"2316960400","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":1677797923,"share":"https://www.laohu8.com/m/news/2316960400?lang=&edition=full","pubTime":"2023-03-03 06:58","market":"us","language":"en","title":"U.S. Stocks Gain As Bostic Backs Quarter-Point Hike and Touts Summer Pause","url":"https://stock-news.laohu8.com/highlight/detail?id=2316960400","media":"Reuters","summary":"10-yr Treasury yield holds above 4%Salesforce poised for biggest daily pct gain since August 2020Wee","content":"<html><head></head><body><ul><li>10-yr Treasury yield holds above 4%</li><li>Salesforce poised for biggest daily pct gain since August 2020</li><li>Weekly jobless claims fall more than expected</li><li>Dow up 1.05%, S&amp;P 500 up 0.76%, Nasdaq up 0.73%</li></ul><p><img src=\"https://static.tigerbbs.com/33967626775041ea9a89c9d69c051002\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, March 2 (Reuters) - U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank.</p><p>Bostic said the central bank could be in a position to pause rate hikes sometime this summer.</p><p>In an argument for quarter-point hikes, Bostic said he favored &#34;slow and steady&#34; as the appropriate course of action for the Fed, as the impact of higher interest rates may only start to be felt in the spring.</p><p>The yield on 10-year Treasury notes had earlier touched a fresh four-month high of 4.091% after data showed the number of Americans filing new unemployment claims fell again last week, indicating continued strength in the labor market, while a separate report showed U.S. labor costs grew faster than initially thought in the fourth quarter. The 10-year yield was last up 6.7 basis points to 4.064%.</p><p>The two-year  U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 0.4 basis points at 4.885% after earlier touching a fresh 15-year high at 4.944%.</p><p>&#34;Bostic has been a little bit more hawkish so the fact that he basically said 25 was comforting because he has been on the hawkish end of hawkish people,&#34; said Rhys Williams, chief strategist at Spouting Rock Asset Management in Bryn Mawr, Pennsylvania.</p><p>&#34;The Fed is not crazy, they understand monetary policy works with a lag, so you are just starting to see now the impact of the first rate hikes, let alone the other 400 basis points they did.&#34;</p><p>The Dow Jones Industrial Average    rose 341.73 points, or 1.05%, to 33,003.57, the S&amp;P 500    gained 29.96 points, or 0.76%, to 3,981.35 and the Nasdaq Composite    added 83.50 points, or 0.73%, to 11,462.98.</p><p>Fed funds futures tied to the Fed&#39;s policy rate see about an even chance that the rate will get to a range of 5.5%-5.75% by September, from the current range of 4.5%-4.75%.</p><p>At the closing bell, Fed Governor Christopher Waller said a string of &#34;hot&#34; data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers as recently as December.</p><p>Monthly payrolls and consumer prices data in the coming days will offer investors more clues on how aggressive the central bank may be heading into the Fed&#39;s March 21-22 meeting, where it is currently expected to raise rates by 25 basis points.</p><p>The S&amp;P 500 was trading just above its 200-day moving average of about 3,940, seen as a key support level by traders, after briefly falling below it for the first time since Jan. 25 earlier in the session.</p><p>Salesforce Inc    soared 11.50% to notch its biggest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day percentage gain since August 2020, after the cloud-based software firm forecast first-quarter revenue above analysts&#39; estimates and doubled its share buyback to $20 billion.</p><p>Tesla Inc    fell 5.85% after Chief Executive Elon Musk and team&#39;s four-hour presentation failed to impress investors with few details on its plan to unveil an affordable electric vehicle.</p><p>Macy&#39;s Inc    jumped 11.11% after the department store operator forecast full-year profit above Wall Street estimates,</p><p><a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a>    plunged 57.72% after the crypto-focused lender delayed its annual report and said it was evaluating its ability to operate as a going concern.</p><p>Volume on U.S. exchanges was 11.15 billion shares, compared with the 11.46 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 10 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 80 new highs and 153 new lows.</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 Gain As Bostic Backs Quarter-Point Hike and Touts Summer Pause</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks Gain As Bostic Backs Quarter-Point Hike and Touts Summer Pause\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\">2023-03-03 06:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>10-yr Treasury yield holds above 4%</li><li>Salesforce poised for biggest daily pct gain since August 2020</li><li>Weekly jobless claims fall more than expected</li><li>Dow up 1.05%, S&amp;P 500 up 0.76%, Nasdaq up 0.73%</li></ul><p><img src=\"https://static.tigerbbs.com/33967626775041ea9a89c9d69c051002\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, March 2 (Reuters) - U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank.</p><p>Bostic said the central bank could be in a position to pause rate hikes sometime this summer.</p><p>In an argument for quarter-point hikes, Bostic said he favored &#34;slow and steady&#34; as the appropriate course of action for the Fed, as the impact of higher interest rates may only start to be felt in the spring.</p><p>The yield on 10-year Treasury notes had earlier touched a fresh four-month high of 4.091% after data showed the number of Americans filing new unemployment claims fell again last week, indicating continued strength in the labor market, while a separate report showed U.S. labor costs grew faster than initially thought in the fourth quarter. The 10-year yield was last up 6.7 basis points to 4.064%.</p><p>The two-year  U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 0.4 basis points at 4.885% after earlier touching a fresh 15-year high at 4.944%.</p><p>&#34;Bostic has been a little bit more hawkish so the fact that he basically said 25 was comforting because he has been on the hawkish end of hawkish people,&#34; said Rhys Williams, chief strategist at Spouting Rock Asset Management in Bryn Mawr, Pennsylvania.</p><p>&#34;The Fed is not crazy, they understand monetary policy works with a lag, so you are just starting to see now the impact of the first rate hikes, let alone the other 400 basis points they did.&#34;</p><p>The Dow Jones Industrial Average    rose 341.73 points, or 1.05%, to 33,003.57, the S&amp;P 500    gained 29.96 points, or 0.76%, to 3,981.35 and the Nasdaq Composite    added 83.50 points, or 0.73%, to 11,462.98.</p><p>Fed funds futures tied to the Fed&#39;s policy rate see about an even chance that the rate will get to a range of 5.5%-5.75% by September, from the current range of 4.5%-4.75%.</p><p>At the closing bell, Fed Governor Christopher Waller said a string of &#34;hot&#34; data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers as recently as December.</p><p>Monthly payrolls and consumer prices data in the coming days will offer investors more clues on how aggressive the central bank may be heading into the Fed&#39;s March 21-22 meeting, where it is currently expected to raise rates by 25 basis points.</p><p>The S&amp;P 500 was trading just above its 200-day moving average of about 3,940, seen as a key support level by traders, after briefly falling below it for the first time since Jan. 25 earlier in the session.</p><p>Salesforce Inc    soared 11.50% to notch its biggest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day percentage gain since August 2020, after the cloud-based software firm forecast first-quarter revenue above analysts&#39; estimates and doubled its share buyback to $20 billion.</p><p>Tesla Inc    fell 5.85% after Chief Executive Elon Musk and team&#39;s four-hour presentation failed to impress investors with few details on its plan to unveil an affordable electric vehicle.</p><p>Macy&#39;s Inc    jumped 11.11% after the department store operator forecast full-year profit above Wall Street estimates,</p><p><a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a>    plunged 57.72% after the crypto-focused lender delayed its annual report and said it was evaluating its ability to operate as a going concern.</p><p>Volume on U.S. exchanges was 11.15 billion shares, compared with the 11.46 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 10 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 80 new highs and 153 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","SH":"标普500反向ETF","SDS":"两倍做空标普500ETF","BK4585":"ETF&股票定投概念","BK4567":"ESG概念","LU2063271972.USD":"富兰克林创新领域基金","SPXU":"三倍做空标普500ETF","UDOW":"道指三倍做多ETF-ProShares","BK4082":"医疗保健设备","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","DJX":"1/100道琼斯","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","SANA":"Sana Biotechnology, Inc.","SPY":"标普500ETF","LU1046421795.USD":"富达环球科技A-ACC","BK4588":"碎股","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4550":"红杉资本持仓","LU1548497426.USD":"安联环球人工智能AT Acc","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","OEX":"标普100","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","OEF":"标普100指数ETF-iShares","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4504":"桥水持仓","DOG":"道指反向ETF","BK4099":"汽车制造商","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4511":"特斯拉概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4548":"巴美列捷福持仓","DXD":"道指两倍做空ETF","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","CGEM":"Cullinan Oncology, Inc.","IVV":"标普500指数ETF",".DJI":"道琼斯","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4528":"SaaS概念","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","SDOW":"道指三倍做空ETF-ProShares",".IXIC":"NASDAQ Composite","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316960400","content_text":"10-yr Treasury yield holds above 4%Salesforce poised for biggest daily pct gain since August 2020Weekly jobless claims fall more than expectedDow up 1.05%, S&P 500 up 0.76%, Nasdaq up 0.73%NEW YORK, March 2 (Reuters) - U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank.Bostic said the central bank could be in a position to pause rate hikes sometime this summer.In an argument for quarter-point hikes, Bostic said he favored \"slow and steady\" as the appropriate course of action for the Fed, as the impact of higher interest rates may only start to be felt in the spring.The yield on 10-year Treasury notes had earlier touched a fresh four-month high of 4.091% after data showed the number of Americans filing new unemployment claims fell again last week, indicating continued strength in the labor market, while a separate report showed U.S. labor costs grew faster than initially thought in the fourth quarter. The 10-year yield was last up 6.7 basis points to 4.064%.The two-year  U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 0.4 basis points at 4.885% after earlier touching a fresh 15-year high at 4.944%.\"Bostic has been a little bit more hawkish so the fact that he basically said 25 was comforting because he has been on the hawkish end of hawkish people,\" said Rhys Williams, chief strategist at Spouting Rock Asset Management in Bryn Mawr, Pennsylvania.\"The Fed is not crazy, they understand monetary policy works with a lag, so you are just starting to see now the impact of the first rate hikes, let alone the other 400 basis points they did.\"The Dow Jones Industrial Average    rose 341.73 points, or 1.05%, to 33,003.57, the S&P 500    gained 29.96 points, or 0.76%, to 3,981.35 and the Nasdaq Composite    added 83.50 points, or 0.73%, to 11,462.98.Fed funds futures tied to the Fed's policy rate see about an even chance that the rate will get to a range of 5.5%-5.75% by September, from the current range of 4.5%-4.75%.At the closing bell, Fed Governor Christopher Waller said a string of \"hot\" data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers as recently as December.Monthly payrolls and consumer prices data in the coming days will offer investors more clues on how aggressive the central bank may be heading into the Fed's March 21-22 meeting, where it is currently expected to raise rates by 25 basis points.The S&P 500 was trading just above its 200-day moving average of about 3,940, seen as a key support level by traders, after briefly falling below it for the first time since Jan. 25 earlier in the session.Salesforce Inc    soared 11.50% to notch its biggest one-day percentage gain since August 2020, after the cloud-based software firm forecast first-quarter revenue above analysts' estimates and doubled its share buyback to $20 billion.Tesla Inc    fell 5.85% after Chief Executive Elon Musk and team's four-hour presentation failed to impress investors with few details on its plan to unveil an affordable electric vehicle.Macy's Inc    jumped 11.11% after the department store operator forecast full-year profit above Wall Street estimates,Silvergate Capital    plunged 57.72% after the crypto-focused lender delayed its annual report and said it was evaluating its ability to operate as a going concern.Volume on U.S. exchanges was 11.15 billion shares, compared with the 11.46 billion average for the full session over the last 20 trading days.Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favored advancers.The S&P 500 posted 10 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 80 new highs and 153 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957965772,"gmtCreate":1676928219396,"gmtModify":1676928222952,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":31,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957965772","repostId":"1160776999","repostType":4,"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":295649862304032,"gmtCreate":1713190066820,"gmtModify":1713190068885,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a><v-v data-views=\"0\"></v-v> 🔻👻","text":"$NIO Inc.(NIO)$ 🔻👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/295649862304032","isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197152768032968,"gmtCreate":1689138166410,"gmtModify":1689138171693,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Grab!😆","listText":"Grab!😆","text":"Grab!😆","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197152768032968","repostId":"2350242361","repostType":4,"repost":{"id":"2350242361","pubTimestamp":1689130662,"share":"https://www.laohu8.com/m/news/2350242361?lang=&edition=full","pubTime":"2023-07-12 10:57","market":"hk","language":"en","title":"Goldman Sachs Starts Xpeng at Buy, Expects Rise in Margins and Overseas Volumes","url":"https://stock-news.laohu8.com/highlight/detail?id=2350242361","media":"Investing.com","summary":"Goldman Sachs initiated coverage on Chinese electric automaker, XPeng (NYSE: XPEV) with a Buy rating and a 12-month price target ...(Premium-only article. Please sign in or upgrade to SI Premium to view.)","content":"<html><head></head><body><p>Goldman Sachs initiated coverage on Chinese electric automaker, <a href=\"https://laohu8.com/S/XPEV\">Xpeng Inc</a> with a Buy rating and a 12-month price target of $18.10 as analysts expect Chinese auto OEMs’ overseas sales volume to rise from 2.7 million to 8.5M in 2022-2030E, driven by leading technology and product competencies of Chinese EV models.</p><p style=\"text-align: left;\">In the near-term, Goldman Sachs expects to see the company’s vehicle delivery volume to regain momentum following the latest G6 model launch. Additionally, the analysts expect margins to improve on larger vehicle delivery scale together with battery pricing decline.</p><p style=\"text-align: left;\">They wrote in a note, “We see the launch of G6 to help the company enhance market share – with entry price at Rmb210k, Rmb54k (20%) / Rmb73k (26%) lower than Tesla Model Y / BYD Tang EV, XPeng’s G6 presents strong advantages in areas such as long wheelbase, charging speed (800V fast charging), and leading smart features. Therefore, we expect G6, together with P7/P7i, to be major volume contributors going forward, driving a 62% CAGR in vehicle sales and market share gain from 2.1% to 3.7% over 2023E-2025E and leading to 4%-22% higher than Bloomberg consensus revenue estimates.”</p><p style=\"text-align: left;\">Goldman Sachs models 151k vehicle sales in 2023, 5% higher than Visible Alpha consensus. In the longer-term, they expect XPeng’s leading position in NOA (navigation on autopilot) with strong R&amp;D focus to provide further upside to its revenue growth and margin profile.</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>Goldman Sachs Starts Xpeng at Buy, Expects Rise in Margins and Overseas Volumes</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\">\nGoldman Sachs Starts Xpeng at Buy, Expects Rise in Margins and Overseas Volumes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-12 10:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/news/stock-market-news/goldman-sachs-starts-xpeng-at-buy-expects-rise-in-margins-and-overseas-volumes-432SI-3123475><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs initiated coverage on Chinese electric automaker, Xpeng Inc with a Buy rating and a 12-month price target of $18.10 as analysts expect Chinese auto OEMs’ overseas sales volume to rise ...</p>\n\n<a href=\"https://www.investing.com/news/stock-market-news/goldman-sachs-starts-xpeng-at-buy-expects-rise-in-margins-and-overseas-volumes-432SI-3123475\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09868":"小鹏汽车-W","XPEV":"小鹏汽车"},"source_url":"https://www.investing.com/news/stock-market-news/goldman-sachs-starts-xpeng-at-buy-expects-rise-in-margins-and-overseas-volumes-432SI-3123475","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2350242361","content_text":"Goldman Sachs initiated coverage on Chinese electric automaker, Xpeng Inc with a Buy rating and a 12-month price target of $18.10 as analysts expect Chinese auto OEMs’ overseas sales volume to rise from 2.7 million to 8.5M in 2022-2030E, driven by leading technology and product competencies of Chinese EV models.In the near-term, Goldman Sachs expects to see the company’s vehicle delivery volume to regain momentum following the latest G6 model launch. Additionally, the analysts expect margins to improve on larger vehicle delivery scale together with battery pricing decline.They wrote in a note, “We see the launch of G6 to help the company enhance market share – with entry price at Rmb210k, Rmb54k (20%) / Rmb73k (26%) lower than Tesla Model Y / BYD Tang EV, XPeng’s G6 presents strong advantages in areas such as long wheelbase, charging speed (800V fast charging), and leading smart features. Therefore, we expect G6, together with P7/P7i, to be major volume contributors going forward, driving a 62% CAGR in vehicle sales and market share gain from 2.1% to 3.7% over 2023E-2025E and leading to 4%-22% higher than Bloomberg consensus revenue estimates.”Goldman Sachs models 151k vehicle sales in 2023, 5% higher than Visible Alpha consensus. In the longer-term, they expect XPeng’s leading position in NOA (navigation on autopilot) with strong R&D focus to provide further upside to its revenue growth and margin profile.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949516356,"gmtCreate":1678750545175,"gmtModify":1678750548602,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":25,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949516356","repostId":"1118288697","repostType":4,"repost":{"id":"1118288697","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":1678748849,"share":"https://www.laohu8.com/m/news/1118288697?lang=&edition=full","pubTime":"2023-03-14 07:07","market":"us","language":"en","title":"Biden Promises \"Whatever Needed\" For U.S. Bank System As SVB Shock Hammers Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1118288697","media":"Reuters","summary":"(Reuters) - Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take","content":"<html><head></head><body><p>(Reuters) - Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take whatever action was needed to ensure the safety of the U.S. banking system after the sudden collapse of Silicon Valley Bank (SIVB.O) and Signature Bank (SBNY.O).</p><p>Biden&#39;s efforts to reassure markets and depositors came after emergency U.S. measures to shore up banks by giving them access to additional funding failed to dispel investor worries about potential contagion to other lenders worldwide.</p><p>The White House said the Treasury Department is working with regulators on the next steps.</p><p>With investors fearing additional failures, major U.S. banks lost around $90 billion in stock market value on Monday, bringing their loss over the past three trading sessions to nearly $190 billion.</p><p>Shares of First Republic Bank (FRC.N) tumbled as news of fresh financing failed to reassure investors, and so did Western Alliance Bancorp (WAL.N) and PacWest Bancorp (PACW.O).</p><p>First Republic had been able to meet withdrawal demands on Monday with the help of extra funding from JPMorgan Chase (JPM.N), the mid-cap lender&#39;s executive chair, Jim Herbert, told CNBC, adding it was not seeing a massive deposit outflow.</p><p>Shock waves extended to Europe, where the STOXX banking index (.SX7P) closed 5.7% lower. Germany&#39;s Commerzbank (CBKG.DE) fell 12.7%, while Credit Suisse (CSGN.S) slid 9.6% to a new record low.</p><p>Swiss financial regulator FINMA said it was closely monitoring banks and insurers, while a senior European Central Bank supervisor said the board overseeing the euro zone&#39;s biggest banks did not see any need for an emergency meeting.</p><p>Biden said his administration&#39;s actions over the weekend meant &#34;Americans can have confidence that the banking system is safe,&#34; while also promising stiffer regulation after the biggest U.S. bank failure since the 2008 financial crisis.</p><p>&#34;Your deposits will be there when you need them,&#34; he said.</p><p>Nevertheless, shares of big U.S. banks, including JPMorgan Chase &amp; Co, Citigroup (C.N), and Wells Fargo (WFC.N) all lost ground on Monday.</p><p>An administration official said there was no timeline for Biden to make any requests of Congress as his aides were still working to manage the immediate situation and better understand it.</p><p>In the money markets, indicators of credit risk in the U.S. and euro zone banking systems edged up.</p><p>&#34;When a step (is taken) this big, this quickly, your first thought is &#39;crisis averted.&#39; But your second thought is, how big was that crisis, how big were the risks that this step had to be taken?&#34; said Rick Meckler, partner at Cherry Lane Investments.</p><p>Emboldened by bets that the U.S. Federal Reserve may have to slow its rate hikes, and with investors seeking safe havens, the price of gold raced above the key $1,900 level.</p><p>&#34;There is a sense of contagion and where we see a repricing around financials is leading to a repricing across markets,&#34; said Mark Dowding, chief investment officer at BlueBay Asset Management in London.</p><p>U.S. regulators stepped in on Sunday after the collapse of SVB, which had a run after a big bond portfolio hit.</p><p>SVB Financial Group (SIVB.O) and two top executives were sued on Monday by shareholders, who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit &#34;particularly susceptible&#34; to a bank run.</p><p>SVB&#39;s customers will have access to all their deposits from Monday and regulators set up a new facility to give banks access to emergency funds and the Fed made it easier for banks to borrow from it in emergencies.</p><p>Regulators also moved swiftly to close New York&#39;s Signature Bank, which had come under pressure in recent days.</p><p>&#34;A serious investigation needs to be undertaken on why the regulators missed red flags ... and what needs to be overhauled,&#34; said Mark Sobel, a former senior Treasury official and U.S. chair of think tank OMFIF.</p><h2>FALLOUT</h2><p>Companies around the globe with SVB accounts rushed to assess the impact on their finances. In Germany, the central bank convened its crisis team to assess any fallout.</p><p>After marathon weekend talks, HSBC HSBA.L said it was buying the British arm of SVB for one pound ($1.21).</p><p>While SVB UK is small, its sudden demise prompted calls for government help for Britain&#39;s startup industry, and its heavily exposed biotech sector in particular.</p><p>Prime Minister Rishi Sunak added his voice to those in the UK saying there was no concern about systemic risk.</p><p>&#34;Our banks are well capitalised, the liquidity is strong,&#34; Sunak told ITV during a visit to the United States.</p><p>A furious race to reprice interest rate expectations also sent waves through markets as investors bet the Fed will be reluctant to hike next week.</p><p>The Fed&#39;s options are limited, said Sobel. &#34;The Fed could cut rates, but that has its own drawbacks. So the Fed and Treasury have kind of shot their bazooka for now. I think it&#39;s a question of the market steadying out. Is this a one-off adjustment in regional banks, or does it portend more to come?&#34;</p><p>Traders currently see a 50% chance of no rate hike at that meeting, with rate cuts priced in for the second half of the year. Early last week a 25 basis-point hike was fully priced in, with a 70% chance seen of 50 basis points.</p><p>The yield on the U.S. two-year Treasury note briefly fell below 4% for the first time since last October and was last down 53.1 basis points (bps) at 4.057%. The two-year note&#39;s yield, which reflects interest rate move expectations, was on track for the biggest one-day drop since October 1987.</p><p>On Monday morning, U.S. bank regulators sought to reassure nervous customers who lined up outside SVB&#39;s Santa Clara, California, headquarters, offering coffee and donuts. &#34;Feel free to transact business as usual. We just ask for a little bit of time because of the volume,&#34; FDIC employee Luis Mayorga told waiting customers.</p><p>The first customer, who did not want to be named, said they arrived at SVB at 4 a.m.</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>Biden Promises \"Whatever Needed\" For U.S. Bank System As SVB Shock Hammers Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden Promises \"Whatever Needed\" For U.S. Bank System As SVB Shock Hammers Stocks\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\">2023-03-14 07:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take whatever action was needed to ensure the safety of the U.S. banking system after the sudden collapse of Silicon Valley Bank (SIVB.O) and Signature Bank (SBNY.O).</p><p>Biden&#39;s efforts to reassure markets and depositors came after emergency U.S. measures to shore up banks by giving them access to additional funding failed to dispel investor worries about potential contagion to other lenders worldwide.</p><p>The White House said the Treasury Department is working with regulators on the next steps.</p><p>With investors fearing additional failures, major U.S. banks lost around $90 billion in stock market value on Monday, bringing their loss over the past three trading sessions to nearly $190 billion.</p><p>Shares of First Republic Bank (FRC.N) tumbled as news of fresh financing failed to reassure investors, and so did Western Alliance Bancorp (WAL.N) and PacWest Bancorp (PACW.O).</p><p>First Republic had been able to meet withdrawal demands on Monday with the help of extra funding from JPMorgan Chase (JPM.N), the mid-cap lender&#39;s executive chair, Jim Herbert, told CNBC, adding it was not seeing a massive deposit outflow.</p><p>Shock waves extended to Europe, where the STOXX banking index (.SX7P) closed 5.7% lower. Germany&#39;s Commerzbank (CBKG.DE) fell 12.7%, while Credit Suisse (CSGN.S) slid 9.6% to a new record low.</p><p>Swiss financial regulator FINMA said it was closely monitoring banks and insurers, while a senior European Central Bank supervisor said the board overseeing the euro zone&#39;s biggest banks did not see any need for an emergency meeting.</p><p>Biden said his administration&#39;s actions over the weekend meant &#34;Americans can have confidence that the banking system is safe,&#34; while also promising stiffer regulation after the biggest U.S. bank failure since the 2008 financial crisis.</p><p>&#34;Your deposits will be there when you need them,&#34; he said.</p><p>Nevertheless, shares of big U.S. banks, including JPMorgan Chase &amp; Co, Citigroup (C.N), and Wells Fargo (WFC.N) all lost ground on Monday.</p><p>An administration official said there was no timeline for Biden to make any requests of Congress as his aides were still working to manage the immediate situation and better understand it.</p><p>In the money markets, indicators of credit risk in the U.S. and euro zone banking systems edged up.</p><p>&#34;When a step (is taken) this big, this quickly, your first thought is &#39;crisis averted.&#39; But your second thought is, how big was that crisis, how big were the risks that this step had to be taken?&#34; said Rick Meckler, partner at Cherry Lane Investments.</p><p>Emboldened by bets that the U.S. Federal Reserve may have to slow its rate hikes, and with investors seeking safe havens, the price of gold raced above the key $1,900 level.</p><p>&#34;There is a sense of contagion and where we see a repricing around financials is leading to a repricing across markets,&#34; said Mark Dowding, chief investment officer at BlueBay Asset Management in London.</p><p>U.S. regulators stepped in on Sunday after the collapse of SVB, which had a run after a big bond portfolio hit.</p><p>SVB Financial Group (SIVB.O) and two top executives were sued on Monday by shareholders, who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit &#34;particularly susceptible&#34; to a bank run.</p><p>SVB&#39;s customers will have access to all their deposits from Monday and regulators set up a new facility to give banks access to emergency funds and the Fed made it easier for banks to borrow from it in emergencies.</p><p>Regulators also moved swiftly to close New York&#39;s Signature Bank, which had come under pressure in recent days.</p><p>&#34;A serious investigation needs to be undertaken on why the regulators missed red flags ... and what needs to be overhauled,&#34; said Mark Sobel, a former senior Treasury official and U.S. chair of think tank OMFIF.</p><h2>FALLOUT</h2><p>Companies around the globe with SVB accounts rushed to assess the impact on their finances. In Germany, the central bank convened its crisis team to assess any fallout.</p><p>After marathon weekend talks, HSBC HSBA.L said it was buying the British arm of SVB for one pound ($1.21).</p><p>While SVB UK is small, its sudden demise prompted calls for government help for Britain&#39;s startup industry, and its heavily exposed biotech sector in particular.</p><p>Prime Minister Rishi Sunak added his voice to those in the UK saying there was no concern about systemic risk.</p><p>&#34;Our banks are well capitalised, the liquidity is strong,&#34; Sunak told ITV during a visit to the United States.</p><p>A furious race to reprice interest rate expectations also sent waves through markets as investors bet the Fed will be reluctant to hike next week.</p><p>The Fed&#39;s options are limited, said Sobel. &#34;The Fed could cut rates, but that has its own drawbacks. So the Fed and Treasury have kind of shot their bazooka for now. I think it&#39;s a question of the market steadying out. Is this a one-off adjustment in regional banks, or does it portend more to come?&#34;</p><p>Traders currently see a 50% chance of no rate hike at that meeting, with rate cuts priced in for the second half of the year. Early last week a 25 basis-point hike was fully priced in, with a 70% chance seen of 50 basis points.</p><p>The yield on the U.S. two-year Treasury note briefly fell below 4% for the first time since last October and was last down 53.1 basis points (bps) at 4.057%. The two-year note&#39;s yield, which reflects interest rate move expectations, was on track for the biggest one-day drop since October 1987.</p><p>On Monday morning, U.S. bank regulators sought to reassure nervous customers who lined up outside SVB&#39;s Santa Clara, California, headquarters, offering coffee and donuts. &#34;Feel free to transact business as usual. We just ask for a little bit of time because of the volume,&#34; FDIC employee Luis Mayorga told waiting customers.</p><p>The first customer, who did not want to be named, said they arrived at SVB at 4 a.m.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBNY":"签字银行","WAL":"阿莱恩斯西部银行"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118288697","content_text":"(Reuters) - Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take whatever action was needed to ensure the safety of the U.S. banking system after the sudden collapse of Silicon Valley Bank (SIVB.O) and Signature Bank (SBNY.O).Biden's efforts to reassure markets and depositors came after emergency U.S. measures to shore up banks by giving them access to additional funding failed to dispel investor worries about potential contagion to other lenders worldwide.The White House said the Treasury Department is working with regulators on the next steps.With investors fearing additional failures, major U.S. banks lost around $90 billion in stock market value on Monday, bringing their loss over the past three trading sessions to nearly $190 billion.Shares of First Republic Bank (FRC.N) tumbled as news of fresh financing failed to reassure investors, and so did Western Alliance Bancorp (WAL.N) and PacWest Bancorp (PACW.O).First Republic had been able to meet withdrawal demands on Monday with the help of extra funding from JPMorgan Chase (JPM.N), the mid-cap lender's executive chair, Jim Herbert, told CNBC, adding it was not seeing a massive deposit outflow.Shock waves extended to Europe, where the STOXX banking index (.SX7P) closed 5.7% lower. Germany's Commerzbank (CBKG.DE) fell 12.7%, while Credit Suisse (CSGN.S) slid 9.6% to a new record low.Swiss financial regulator FINMA said it was closely monitoring banks and insurers, while a senior European Central Bank supervisor said the board overseeing the euro zone's biggest banks did not see any need for an emergency meeting.Biden said his administration's actions over the weekend meant \"Americans can have confidence that the banking system is safe,\" while also promising stiffer regulation after the biggest U.S. bank failure since the 2008 financial crisis.\"Your deposits will be there when you need them,\" he said.Nevertheless, shares of big U.S. banks, including JPMorgan Chase & Co, Citigroup (C.N), and Wells Fargo (WFC.N) all lost ground on Monday.An administration official said there was no timeline for Biden to make any requests of Congress as his aides were still working to manage the immediate situation and better understand it.In the money markets, indicators of credit risk in the U.S. and euro zone banking systems edged up.\"When a step (is taken) this big, this quickly, your first thought is 'crisis averted.' But your second thought is, how big was that crisis, how big were the risks that this step had to be taken?\" said Rick Meckler, partner at Cherry Lane Investments.Emboldened by bets that the U.S. Federal Reserve may have to slow its rate hikes, and with investors seeking safe havens, the price of gold raced above the key $1,900 level.\"There is a sense of contagion and where we see a repricing around financials is leading to a repricing across markets,\" said Mark Dowding, chief investment officer at BlueBay Asset Management in London.U.S. regulators stepped in on Sunday after the collapse of SVB, which had a run after a big bond portfolio hit.SVB Financial Group (SIVB.O) and two top executives were sued on Monday by shareholders, who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit \"particularly susceptible\" to a bank run.SVB's customers will have access to all their deposits from Monday and regulators set up a new facility to give banks access to emergency funds and the Fed made it easier for banks to borrow from it in emergencies.Regulators also moved swiftly to close New York's Signature Bank, which had come under pressure in recent days.\"A serious investigation needs to be undertaken on why the regulators missed red flags ... and what needs to be overhauled,\" said Mark Sobel, a former senior Treasury official and U.S. chair of think tank OMFIF.FALLOUTCompanies around the globe with SVB accounts rushed to assess the impact on their finances. In Germany, the central bank convened its crisis team to assess any fallout.After marathon weekend talks, HSBC HSBA.L said it was buying the British arm of SVB for one pound ($1.21).While SVB UK is small, its sudden demise prompted calls for government help for Britain's startup industry, and its heavily exposed biotech sector in particular.Prime Minister Rishi Sunak added his voice to those in the UK saying there was no concern about systemic risk.\"Our banks are well capitalised, the liquidity is strong,\" Sunak told ITV during a visit to the United States.A furious race to reprice interest rate expectations also sent waves through markets as investors bet the Fed will be reluctant to hike next week.The Fed's options are limited, said Sobel. \"The Fed could cut rates, but that has its own drawbacks. So the Fed and Treasury have kind of shot their bazooka for now. I think it's a question of the market steadying out. Is this a one-off adjustment in regional banks, or does it portend more to come?\"Traders currently see a 50% chance of no rate hike at that meeting, with rate cuts priced in for the second half of the year. Early last week a 25 basis-point hike was fully priced in, with a 70% chance seen of 50 basis points.The yield on the U.S. two-year Treasury note briefly fell below 4% for the first time since last October and was last down 53.1 basis points (bps) at 4.057%. The two-year note's yield, which reflects interest rate move expectations, was on track for the biggest one-day drop since October 1987.On Monday morning, U.S. bank regulators sought to reassure nervous customers who lined up outside SVB's Santa Clara, California, headquarters, offering coffee and donuts. \"Feel free to transact business as usual. We just ask for a little bit of time because of the volume,\" FDIC employee Luis Mayorga told waiting customers.The first customer, who did not want to be named, said they arrived at SVB at 4 a.m.","news_type":1},"isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940046415,"gmtCreate":1677627748738,"gmtModify":1677627752402,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":23,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940046415","repostId":"2316635111","repostType":4,"repost":{"id":"2316635111","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":1677625463,"share":"https://www.laohu8.com/m/news/2316635111?lang=&edition=full","pubTime":"2023-03-01 07:04","market":"us","language":"en","title":"Wall Street Closes Out Weak February As Fed Concerns Remain","url":"https://stock-news.laohu8.com/highlight/detail?id=2316635111","media":"Reuters","summary":"Target gains after upbeat holiday-quarter salesGoldman mulls 'strategic alternatives' for consumer b","content":"<html><head></head><body><ul><li>Target gains after upbeat holiday-quarter sales</li><li>Goldman mulls &#39;strategic alternatives&#39; for consumer business</li><li>Norwegian Cruise slides after forecast disappoints</li><li>Dow down 0.71%, S&amp;P 500 down 0.30%, Nasdaq down 0.10%</li></ul><p><img src=\"https://static.tigerbbs.com/49890f7fe21773a3e4beee0e6acd2a94\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, Feb 28 (Reuters) - U.S. stocks closed out February in subdued fashion and each of the three major indexes ended with monthly declines, as investors continue to assess whether interest rates will remain high for an extended period of time.</p><p>After a strong performance in January, stocks retreated in February as economic data and comments from U.S. Federal Reserve officials prompted market participants to reconsider the odds the central bank would hike rates to a higher level than market forecasts and keep them elevated for longer than was initially expected.</p><p>&#34;The market in many ways expected things to go south more quickly, forcing the Fed to pivot, or pause, or cut rates sooner than the Fed was saying,&#34; said Johan Grahn, head ETF market strategist at Allianz Investment Management in Minneapolis.</p><p>&#34;The staying power of the Fed is much more determined and steadfast than the staying power of investors so it’s back to the old mantra of do you really want to fight the Fed on this and in this case it is still a mistake to try and do that.&#34;</p><p>The Dow Jones Industrial Average fell 232.39 points, or 0.71%, to 32,656.7, the S&amp;P 500 lost 12.09 points, or 0.30%, to 3,970.15 and the Nasdaq Composite dropped 11.44 points, or 0.1%, to 11,455.54.</p><p>For the month, the S&amp;P 500 fell 2.61%, the Dow slid 4.19% and the Nasdaq shed 1.11%</p><p>Traders have started to price in the chances of a bigger 50 basis-point rate hike in March, although the odds remain low at about 23%, according to Fed fund futures, which suggest rates peaking at 5.4% by September, up from 4.57% now.</p><p>BofA Global Research cautioned the Fed could even hike interest rates to nearly 6%.</p><p>Economic data on Tuesday, however showed a reading of consumer confidence unexpectedly fell in February, while a gauge of home prices slowed further in December.</p><p>The blue-chip Dow dipped, weighed down by a 3.80% drop in Goldman Sachs after Chief Executive David Solomon said the bank is considering &#34;strategic alternatives&#34; for its consumer business.</p><p>The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 2.3 basis points at 4.816%. A pullback in yields following the economic data helped boost the S&amp;P 500 and Nasdaq, but the two indexes faded late in the session to close lower.</p><p>Volatility has been common since the Fed began its rate hiking cycle last year. The S&amp;P 500 has seen 18 sessions with gains or losses of at least 1% this year, equal to the first two months of 2022, which eventually saw 122 such trading days on the year.</p><p>Chicago Fed President Austan Goolsbee said the Fed must supplement traditional government data and readings from financial markets with real-time, on-the-ground observations of economic conditions if it is to make good policy, and not rely on market reactions.</p><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> rose 3.19% after the Facebook parent said it was creating a new top-level product group focused on generative artificial intelligence.</p><p>Target Corp gained 1.01% after the big-box retailer reported a surprise rise in holiday-quarter sales but cautioned on 2023 earnings due to an uncertain U.S. economy.</p><p>Norwegian Cruise Line Holdings Ltd plunged 10.18% after the cruise operator&#39;s full-year profit forecast fell short of estimates. It attributes the squeeze to soaring fuel and labor costs.</p><p>Volume on U.S. exchanges was 11.63 billion shares, compared with the 11.46 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.13-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 9 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 85 new highs and 91 new lows.</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>Wall Street Closes Out Weak February As Fed Concerns Remain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Closes Out Weak February As Fed Concerns Remain\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\">2023-03-01 07:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Target gains after upbeat holiday-quarter sales</li><li>Goldman mulls &#39;strategic alternatives&#39; for consumer business</li><li>Norwegian Cruise slides after forecast disappoints</li><li>Dow down 0.71%, S&amp;P 500 down 0.30%, Nasdaq down 0.10%</li></ul><p><img src=\"https://static.tigerbbs.com/49890f7fe21773a3e4beee0e6acd2a94\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, Feb 28 (Reuters) - U.S. stocks closed out February in subdued fashion and each of the three major indexes ended with monthly declines, as investors continue to assess whether interest rates will remain high for an extended period of time.</p><p>After a strong performance in January, stocks retreated in February as economic data and comments from U.S. Federal Reserve officials prompted market participants to reconsider the odds the central bank would hike rates to a higher level than market forecasts and keep them elevated for longer than was initially expected.</p><p>&#34;The market in many ways expected things to go south more quickly, forcing the Fed to pivot, or pause, or cut rates sooner than the Fed was saying,&#34; said Johan Grahn, head ETF market strategist at Allianz Investment Management in Minneapolis.</p><p>&#34;The staying power of the Fed is much more determined and steadfast than the staying power of investors so it’s back to the old mantra of do you really want to fight the Fed on this and in this case it is still a mistake to try and do that.&#34;</p><p>The Dow Jones Industrial Average fell 232.39 points, or 0.71%, to 32,656.7, the S&amp;P 500 lost 12.09 points, or 0.30%, to 3,970.15 and the Nasdaq Composite dropped 11.44 points, or 0.1%, to 11,455.54.</p><p>For the month, the S&amp;P 500 fell 2.61%, the Dow slid 4.19% and the Nasdaq shed 1.11%</p><p>Traders have started to price in the chances of a bigger 50 basis-point rate hike in March, although the odds remain low at about 23%, according to Fed fund futures, which suggest rates peaking at 5.4% by September, up from 4.57% now.</p><p>BofA Global Research cautioned the Fed could even hike interest rates to nearly 6%.</p><p>Economic data on Tuesday, however showed a reading of consumer confidence unexpectedly fell in February, while a gauge of home prices slowed further in December.</p><p>The blue-chip Dow dipped, weighed down by a 3.80% drop in Goldman Sachs after Chief Executive David Solomon said the bank is considering &#34;strategic alternatives&#34; for its consumer business.</p><p>The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 2.3 basis points at 4.816%. A pullback in yields following the economic data helped boost the S&amp;P 500 and Nasdaq, but the two indexes faded late in the session to close lower.</p><p>Volatility has been common since the Fed began its rate hiking cycle last year. The S&amp;P 500 has seen 18 sessions with gains or losses of at least 1% this year, equal to the first two months of 2022, which eventually saw 122 such trading days on the year.</p><p>Chicago Fed President Austan Goolsbee said the Fed must supplement traditional government data and readings from financial markets with real-time, on-the-ground observations of economic conditions if it is to make good policy, and not rely on market reactions.</p><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> rose 3.19% after the Facebook parent said it was creating a new top-level product group focused on generative artificial intelligence.</p><p>Target Corp gained 1.01% after the big-box retailer reported a surprise rise in holiday-quarter sales but cautioned on 2023 earnings due to an uncertain U.S. economy.</p><p>Norwegian Cruise Line Holdings Ltd plunged 10.18% after the cruise operator&#39;s full-year profit forecast fell short of estimates. It attributes the squeeze to soaring fuel and labor costs.</p><p>Volume on U.S. exchanges was 11.63 billion shares, compared with the 11.46 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.13-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 9 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 85 new highs and 91 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TQQQ":"纳指三倍做多ETF","BK4079":"房地产服务","GS":"高盛","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4539":"次新股","QID":"纳指两倍做空ETF","SQQQ":"纳指三倍做空ETF","BK4552":"Archegos爆仓风波概念","QLD":"纳指两倍做多ETF","QQQ":"纳指100ETF","COMP":"Compass, Inc.","PSQ":"纳指反向ETF","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","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":"2316635111","content_text":"Target gains after upbeat holiday-quarter salesGoldman mulls 'strategic alternatives' for consumer businessNorwegian Cruise slides after forecast disappointsDow down 0.71%, S&P 500 down 0.30%, Nasdaq down 0.10%NEW YORK, Feb 28 (Reuters) - U.S. stocks closed out February in subdued fashion and each of the three major indexes ended with monthly declines, as investors continue to assess whether interest rates will remain high for an extended period of time.After a strong performance in January, stocks retreated in February as economic data and comments from U.S. Federal Reserve officials prompted market participants to reconsider the odds the central bank would hike rates to a higher level than market forecasts and keep them elevated for longer than was initially expected.\"The market in many ways expected things to go south more quickly, forcing the Fed to pivot, or pause, or cut rates sooner than the Fed was saying,\" said Johan Grahn, head ETF market strategist at Allianz Investment Management in Minneapolis.\"The staying power of the Fed is much more determined and steadfast than the staying power of investors so it’s back to the old mantra of do you really want to fight the Fed on this and in this case it is still a mistake to try and do that.\"The Dow Jones Industrial Average fell 232.39 points, or 0.71%, to 32,656.7, the S&P 500 lost 12.09 points, or 0.30%, to 3,970.15 and the Nasdaq Composite dropped 11.44 points, or 0.1%, to 11,455.54.For the month, the S&P 500 fell 2.61%, the Dow slid 4.19% and the Nasdaq shed 1.11%Traders have started to price in the chances of a bigger 50 basis-point rate hike in March, although the odds remain low at about 23%, according to Fed fund futures, which suggest rates peaking at 5.4% by September, up from 4.57% now.BofA Global Research cautioned the Fed could even hike interest rates to nearly 6%.Economic data on Tuesday, however showed a reading of consumer confidence unexpectedly fell in February, while a gauge of home prices slowed further in December.The blue-chip Dow dipped, weighed down by a 3.80% drop in Goldman Sachs after Chief Executive David Solomon said the bank is considering \"strategic alternatives\" for its consumer business.The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 2.3 basis points at 4.816%. A pullback in yields following the economic data helped boost the S&P 500 and Nasdaq, but the two indexes faded late in the session to close lower.Volatility has been common since the Fed began its rate hiking cycle last year. The S&P 500 has seen 18 sessions with gains or losses of at least 1% this year, equal to the first two months of 2022, which eventually saw 122 such trading days on the year.Chicago Fed President Austan Goolsbee said the Fed must supplement traditional government data and readings from financial markets with real-time, on-the-ground observations of economic conditions if it is to make good policy, and not rely on market reactions.Meta Platforms rose 3.19% after the Facebook parent said it was creating a new top-level product group focused on generative artificial intelligence.Target Corp gained 1.01% after the big-box retailer reported a surprise rise in holiday-quarter sales but cautioned on 2023 earnings due to an uncertain U.S. economy.Norwegian Cruise Line Holdings Ltd plunged 10.18% after the cruise operator's full-year profit forecast fell short of estimates. It attributes the squeeze to soaring fuel and labor costs.Volume on U.S. exchanges was 11.63 billion shares, compared with the 11.46 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 1.13-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored advancers.The S&P 500 posted 9 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 85 new highs and 91 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949632843,"gmtCreate":1678579325283,"gmtModify":1678579329087,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":22,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949632843","repostId":"2318767148","repostType":4,"repost":{"id":"2318767148","pubTimestamp":1678578282,"share":"https://www.laohu8.com/m/news/2318767148?lang=&edition=full","pubTime":"2023-03-12 07:44","market":"us","language":"en","title":"Nasdaq Bear Market: 5 Stunning Growth Stocks You'll Regret Not Buying on the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2318767148","media":"Motley Fool","summary":"A 33% plunge in the previously high-flying Nasdaq Composite is the perfect time for growth investors to pounce on some amazing deals.","content":"<html><head></head><body><p>While I hate being the bearer of bad news, stock market corrections are a perfectly normal part of the investing cycle. Since the beginning of 1950, the benchmark <b>S&amp;P 500</b> has undergone 39 separate double-digit percentage corrections, according to data from sell-side consultancy firm Yardeni Research. In other words, the drubbing Wall Street took in 2022 is par for the course when investing for the long run.</p><p>When the major indexes crossed the finish line last year, it was the growth-focused Nasdaq Composite that was hit hardest. The Nasdaq, which led the broader market to new highs in 2021, shed 33% of its value in 2022 and continues to stew in a bear market.</p><p>But there&#39;s a silver lining in this bad news. Though we&#39;ll never be able to forecast exactly when a bear market will occur or how steep the decline will be, we do know that every previous bear market in the major U.S. stock indexes (including the Nasdaq) was eventually whisked away by a bull market. It effectively means that every bear market is the ideal time to put your money to work.</p><p>It&#39;s an especially lucrative time to go shopping for growth stocks. What follows are five stunning growth stocks you&#39;ll regret not buying on the Nasdaq bear market dip.</p><h2><a href=\"https://laohu8.com/S/NIO\">Nio</a></h2><p>The first phenomenal growth stock just begging to be bought during the bear market decline is China-based electric vehicle (EV) manufacturer <b>Nio</b>. Although supply chain issues continue to weigh on Nio&#39;s production expansion efforts, a number of headwinds have been safely put in the back seat.</p><p>For the past couple of years, China stocks carried extra investment risk due to the country&#39;s zero-COVID strategy, as well as the possible delisting of China stocks by U.S. regulators. However, China has abandoned its zero-COVID strategy and reopened its economy. What&#39;s more, regulators gained hold of three years&#39; worth of financial audits for Chinese firms, which removes the fear of delisting. In short, Nio is considerably de-risked from where things stood four months ago.</p><p>But what&#39;s really been impressive about this company is its various forms of innovation. Nio has been introducing at least one new EV each year and has seen sales of its ET7 and ET5 sedans take off since hitting showrooms last year. With the exception of January, when production was constrained by factory closures as a result of the Chinese New Year, Nio has delivered in excess of 10,000 EVs every month since June 2022, with its sedans regularly accounting for more than half of those deliveries.</p><p>Nio&#39;s out-of-the-box innovation is on display as well. In August 2020, the company announced the rollout of its battery-as-a-service (BaaS) subscription. BaaS allows its EV buyers to charge, swap, and upgrade batteries at more than 1,300 power swap stations and more than 1,200 power charger stations. In exchange for a reduced EV purchase price, Nio nets high-margin, recurring subscription revenue from buyers via BaaS and keeps buyers loyal to the brand.</p><p><img src=\"https://static.tigerbbs.com/fa1aca6003962c19490e94b36badd6d8\" tg-width=\"700\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/></p><p>Image source: Walt Disney.</p><h2><a href=\"https://laohu8.com/S/DIS\">Walt Disney</a></h2><p>A third stunning growth stock you&#39;ll regret not adding during the Nasdaq bear market drop is the popular &#34;House of Mouse,&#34; <b>Walt Disney</b>. Though Walt Disney is a mature business, it&#39;s expected to sustain a double-digit earnings growth rate for the next half-decade. That absolutely makes it a growth stock.</p><p>The biggest competitive edge that Disney offers is that its business can&#39;t be duplicated. While there are other theme parks consumers can visit and other movies on the big screen, Disney&#39;s characters and stories, along with the emotion, engagement, and imagination they evoke in consumers, can&#39;t be duplicated by any other company.</p><p>As I&#39;ve previously suggested, the value of this irreplaceability can be seen in Walt Disney&#39;s pricing power. Since Disneyland opened its doors in Southern California in 1955, admission prices have risen by 10,300%. By comparison, the U.S. inflation rate has jumped a little over 1,000% over the same time span.  Disney has also been able to raise prices on its ad-free streaming service, Disney+, while losing only a small fraction of its subscribers.</p><p>The next step in Walt Disney&#39;s evolution is turning its money-losing streaming segment into a profit machine. Newly reappointed CEO Bob Iger increased monthly subscription prices and is targeting profitability for this segment toward the end of fiscal 2024. Once streaming becomes cash-flow positive, I&#39;d be surprised to see Disney stock anywhere near $100 per share.</p><h2><a href=\"https://laohu8.com/S/IIPR\">Innovative Industrial Properties</a></h2><p>The fourth magnificent growth stock that you&#39;ll regret not scooping up during the Nasdaq&#39;s bear market swoon is marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties. In spite of rent-collection speed bumps in recent months, IIP, as Innovative Industrial Properties is known, can show patient investors the green.</p><p>The prevailing concern with IIP is that its on-time rental collection rate has dropped from 100% to 92% as of the end of February 2023. But it&#39;s important to understand that all REITs eventually deal with delinquencies. It&#39;s how companies handle their delinquencies that matters. IIP&#39;s fourth-quarter report and year-to-date update shows it&#39;s working through these delinquencies and should be able to sustain these revenue streams or outright sell these properties for cash.</p><p>Another key point with Innovative Industrial Properties is that 100% of its properties are triple-net leased (also known as &#34;NNN leased&#34;). NNN-leased properties require the tenant to cover all expenses, including utilities, maintenance, and even property tax and insurance. While NNN leases reduce the rental income IIP can expect to receive, it also removes any chance of surprise expenses or inflation hurting the company.</p><p>Lastly, Innovative Industrial Properties might be one of the few pot stocks benefiting from weed remaining illegal at the federal level. Since most cannabis companies have limited access to basic financial services, IIP has been able to work out sale-leaseback agreements that benefit both parties. Cultivators and processors get cash they sorely need from IIP, and IIP lands long-term tenants through this program.</p><h2><a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a></h2><p>A fifth stunning growth stock that you&#39;ll regret not buying during the Nasdaq bear market dip is <b>Alphabet</b> (GOOGL) (GOOG), the parent company of internet search engine Google, autonomous vehicle company Waymo, and streaming platform YouTube.</p><p>At the moment, advertising weakness is Alphabet&#39;s biggest headwind. When the probability of a recession materializing rises, advertisers pull back on their spending. But this is also a two-sided coin. Even though recessions are inevitable, they&#39;re typically short-lived. Buying ad-driven stocks during these short swoons often allows investors to take advantage of long-winded economic expansions.</p><p>Alphabet&#39;s competitive advantage isn&#39;t going away anytime soon, either. Since December 2018, data from GlobalStats shows that Google has accounted for roughly 91% to 93% of global internet search share. Having a 90-percentage-point lead over its next-closest competitor allows Google to command significant pricing power for ad placement.</p><p>Alphabet&#39;s ancillary operating segments provide plenty of promise, too. YouTube is the second most visited social platform in the world, with Shorts getting more than 50 billion daily views. Meanwhile, Google Cloud has worked its way up to a 10% share of global cloud infrastructure-service spending.</p><p>Based on both forward-year earnings and future cash flow, Alphabet is cheaper now than at any point since it became a publicly traded company.</p><h2><a href=\"https://laohu8.com/S/EXEL\">Exelixis</a></h2><p>The second amazing growth stock you&#39;ll be kicking yourself for not buying during the Nasdaq bear market dip is biotech stock Exelixis. Despite occasional clinical trial failures, cancer-drug developer Exelixis is well positioned to grow by double digits.</p><p>A little over a week ago, Exelixis announced that a late-stage study involving its blockbuster drug Cabometyx in combination with <b>Roche</b>&#39;s Tecentriq failed to meet its primary endpoint of a statistically significant improvement in progression-free survival in a trial for patients with previously treated advanced kidney cancer.  But failures happen. It&#39;s part of being a drug developer.</p><p>What&#39;s far more important is that Exelixis has around six dozen clinical trials ongoing involving Cabometyx as a monotherapy or combination treatment for a variety of cancer types. It only takes a handful of success stories to significantly expand Cabometyx&#39;s sales and pricing power. We&#39;ve already witnessed one of these studies finding the mark, which led to Exelixis and <b>Bristol Myers Squibb</b> gaining first-line approval for their combination treatment for renal cell carcinoma.</p><p>Furthermore, Exelixis has the cash to fund ongoing internal development, collaborations, and possibly even acquisitions. The company closed out 2022 with approximately $1.31 billion in cash, cash equivalents, and short-term investments, and had another $756.7 million in long-term investments.</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>Nasdaq Bear Market: 5 Stunning Growth Stocks You'll Regret Not Buying on the Dip</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 Bear Market: 5 Stunning Growth Stocks You'll Regret Not Buying on the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-12 07:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/11/nasdaq-bear-market-5-growth-stocks-regret-not-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While I hate being the bearer of bad news, stock market corrections are a perfectly normal part of the investing cycle. Since the beginning of 1950, the benchmark S&P 500 has undergone 39 separate ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/11/nasdaq-bear-market-5-growth-stocks-regret-not-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","EXEL":"伊克力西斯","NIO":"蔚来","DIS":"迪士尼","IIPR":"Innovative Industrial Properties Inc"},"source_url":"https://www.fool.com/investing/2023/03/11/nasdaq-bear-market-5-growth-stocks-regret-not-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318767148","content_text":"While I hate being the bearer of bad news, stock market corrections are a perfectly normal part of the investing cycle. Since the beginning of 1950, the benchmark S&P 500 has undergone 39 separate double-digit percentage corrections, according to data from sell-side consultancy firm Yardeni Research. In other words, the drubbing Wall Street took in 2022 is par for the course when investing for the long run.When the major indexes crossed the finish line last year, it was the growth-focused Nasdaq Composite that was hit hardest. The Nasdaq, which led the broader market to new highs in 2021, shed 33% of its value in 2022 and continues to stew in a bear market.But there's a silver lining in this bad news. Though we'll never be able to forecast exactly when a bear market will occur or how steep the decline will be, we do know that every previous bear market in the major U.S. stock indexes (including the Nasdaq) was eventually whisked away by a bull market. It effectively means that every bear market is the ideal time to put your money to work.It's an especially lucrative time to go shopping for growth stocks. What follows are five stunning growth stocks you'll regret not buying on the Nasdaq bear market dip.NioThe first phenomenal growth stock just begging to be bought during the bear market decline is China-based electric vehicle (EV) manufacturer Nio. Although supply chain issues continue to weigh on Nio's production expansion efforts, a number of headwinds have been safely put in the back seat.For the past couple of years, China stocks carried extra investment risk due to the country's zero-COVID strategy, as well as the possible delisting of China stocks by U.S. regulators. However, China has abandoned its zero-COVID strategy and reopened its economy. What's more, regulators gained hold of three years' worth of financial audits for Chinese firms, which removes the fear of delisting. In short, Nio is considerably de-risked from where things stood four months ago.But what's really been impressive about this company is its various forms of innovation. Nio has been introducing at least one new EV each year and has seen sales of its ET7 and ET5 sedans take off since hitting showrooms last year. With the exception of January, when production was constrained by factory closures as a result of the Chinese New Year, Nio has delivered in excess of 10,000 EVs every month since June 2022, with its sedans regularly accounting for more than half of those deliveries.Nio's out-of-the-box innovation is on display as well. In August 2020, the company announced the rollout of its battery-as-a-service (BaaS) subscription. BaaS allows its EV buyers to charge, swap, and upgrade batteries at more than 1,300 power swap stations and more than 1,200 power charger stations. In exchange for a reduced EV purchase price, Nio nets high-margin, recurring subscription revenue from buyers via BaaS and keeps buyers loyal to the brand.Image source: Walt Disney.Walt DisneyA third stunning growth stock you'll regret not adding during the Nasdaq bear market drop is the popular \"House of Mouse,\" Walt Disney. Though Walt Disney is a mature business, it's expected to sustain a double-digit earnings growth rate for the next half-decade. That absolutely makes it a growth stock.The biggest competitive edge that Disney offers is that its business can't be duplicated. While there are other theme parks consumers can visit and other movies on the big screen, Disney's characters and stories, along with the emotion, engagement, and imagination they evoke in consumers, can't be duplicated by any other company.As I've previously suggested, the value of this irreplaceability can be seen in Walt Disney's pricing power. Since Disneyland opened its doors in Southern California in 1955, admission prices have risen by 10,300%. By comparison, the U.S. inflation rate has jumped a little over 1,000% over the same time span.  Disney has also been able to raise prices on its ad-free streaming service, Disney+, while losing only a small fraction of its subscribers.The next step in Walt Disney's evolution is turning its money-losing streaming segment into a profit machine. Newly reappointed CEO Bob Iger increased monthly subscription prices and is targeting profitability for this segment toward the end of fiscal 2024. Once streaming becomes cash-flow positive, I'd be surprised to see Disney stock anywhere near $100 per share.Innovative Industrial PropertiesThe fourth magnificent growth stock that you'll regret not scooping up during the Nasdaq's bear market swoon is marijuana-focused real estate investment trust (REIT) Innovative Industrial Properties. In spite of rent-collection speed bumps in recent months, IIP, as Innovative Industrial Properties is known, can show patient investors the green.The prevailing concern with IIP is that its on-time rental collection rate has dropped from 100% to 92% as of the end of February 2023. But it's important to understand that all REITs eventually deal with delinquencies. It's how companies handle their delinquencies that matters. IIP's fourth-quarter report and year-to-date update shows it's working through these delinquencies and should be able to sustain these revenue streams or outright sell these properties for cash.Another key point with Innovative Industrial Properties is that 100% of its properties are triple-net leased (also known as \"NNN leased\"). NNN-leased properties require the tenant to cover all expenses, including utilities, maintenance, and even property tax and insurance. While NNN leases reduce the rental income IIP can expect to receive, it also removes any chance of surprise expenses or inflation hurting the company.Lastly, Innovative Industrial Properties might be one of the few pot stocks benefiting from weed remaining illegal at the federal level. Since most cannabis companies have limited access to basic financial services, IIP has been able to work out sale-leaseback agreements that benefit both parties. Cultivators and processors get cash they sorely need from IIP, and IIP lands long-term tenants through this program.AlphabetA fifth stunning growth stock that you'll regret not buying during the Nasdaq bear market dip is Alphabet (GOOGL) (GOOG), the parent company of internet search engine Google, autonomous vehicle company Waymo, and streaming platform YouTube.At the moment, advertising weakness is Alphabet's biggest headwind. When the probability of a recession materializing rises, advertisers pull back on their spending. But this is also a two-sided coin. Even though recessions are inevitable, they're typically short-lived. Buying ad-driven stocks during these short swoons often allows investors to take advantage of long-winded economic expansions.Alphabet's competitive advantage isn't going away anytime soon, either. Since December 2018, data from GlobalStats shows that Google has accounted for roughly 91% to 93% of global internet search share. Having a 90-percentage-point lead over its next-closest competitor allows Google to command significant pricing power for ad placement.Alphabet's ancillary operating segments provide plenty of promise, too. YouTube is the second most visited social platform in the world, with Shorts getting more than 50 billion daily views. Meanwhile, Google Cloud has worked its way up to a 10% share of global cloud infrastructure-service spending.Based on both forward-year earnings and future cash flow, Alphabet is cheaper now than at any point since it became a publicly traded company.ExelixisThe second amazing growth stock you'll be kicking yourself for not buying during the Nasdaq bear market dip is biotech stock Exelixis. Despite occasional clinical trial failures, cancer-drug developer Exelixis is well positioned to grow by double digits.A little over a week ago, Exelixis announced that a late-stage study involving its blockbuster drug Cabometyx in combination with Roche's Tecentriq failed to meet its primary endpoint of a statistically significant improvement in progression-free survival in a trial for patients with previously treated advanced kidney cancer.  But failures happen. It's part of being a drug developer.What's far more important is that Exelixis has around six dozen clinical trials ongoing involving Cabometyx as a monotherapy or combination treatment for a variety of cancer types. It only takes a handful of success stories to significantly expand Cabometyx's sales and pricing power. We've already witnessed one of these studies finding the mark, which led to Exelixis and Bristol Myers Squibb gaining first-line approval for their combination treatment for renal cell carcinoma.Furthermore, Exelixis has the cash to fund ongoing internal development, collaborations, and possibly even acquisitions. The company closed out 2022 with approximately $1.31 billion in cash, cash equivalents, and short-term investments, and had another $756.7 million in long-term investments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954884820,"gmtCreate":1676246029261,"gmtModify":1676246032590,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":20,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9954884820","repostId":"2310672034","repostType":4,"repost":{"id":"2310672034","pubTimestamp":1676258937,"share":"https://www.laohu8.com/m/news/2310672034?lang=&edition=full","pubTime":"2023-02-13 11:28","market":"us","language":"en","title":"ChatGPT Sparked an AI Craze. How to Cut Through the Hype","url":"https://stock-news.laohu8.com/highlight/detail?id=2310672034","media":"marketwatch","summary":"It has been more than 70 years since the English computer scientist Alan Turing wrote a landmark pap","content":"<html><head></head><body><p>It has been more than 70 years since the English computer scientist Alan Turing wrote a landmark paper laying out the Turing Test for assessing whether machines can think.</p><p>It turns out that a better question is whether they can sell advertising.</p><p>Over the past two months, Wall Street has become preoccupied with ChatGPT, the now very popular chatbot from start-up OpenAI. ChatGPT launched on Nov. 30 as a free service, and the world has been dazzled by its ability to answer questions and create original materials, generating everything from letters and resumes to computer code and Shakespearean-style sonnets. ChatGPT reached more than 100 million users in January, hitting that milestone even faster than TikTok.</p><p>The viral success has spurred questions across Wall Street about how tech titans would respond.  <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, which made an initial investment in OpenAI in 2019, recently agreed to boost its stake by $10 billion, spurring speculation about how the software giant would fold so-called generative artificial intelligence into its products.</p><p>We got the answer this past week. On Tuesday, Microsoft unveiled a new version of its Bing search engine, infused with natural-language capability from OpenAI. The implications were market-shaking, mostly for Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, which could see its dominance in internet search challenged for the first time in decades.</p><p>“AI will fundamentally change every software category, starting with the largest category of all—search,” Microsoft CEO Satya Nadella said this past week.</p><p>A day before Microsoft’s announcement, Google unveiled its own AI-based chatbot, called Bard. The company also intends to add generative AI functionality to its own core search engine. This past Wednesday, Alphabet hosted a low-key search-related event in Paris to show off AI-related updates to maps, image search, and language translation. But the market came away uninspired.</p><p>Some observers noted a small error in one of the Bard search examples, which had said that the first photograph of an exoplanet was taken by the Webb space telescope. That isn’t accurate. Also noted by many: While Microsoft CEO Nadella led the Bing launch, Alphabet CEO Sundar Pichai didn’t participate in Google’s Paris event. It was, one fund manager said, a Bard bust.</p><p>Analysts and investors spent the rest of the week debating a once impossible idea: that a newly energized Bing, which rolled out in 2009, could shift the balance of power in the internet search market.</p><p>Google currently controls 93% of the search market, versus just 3% for Bing, according to Statcounter. Google, as a result, has near-total domination of search-related advertising. The company is currently fighting a pair of Justice Department lawsuits charging that the company’s search and advertising businesses violate federal antitrust law. The first suit, filed in 2020, focuses specifically on search. It goes to trial later this year. Just a few weeks ago, the government filed a second case, this time related to the online advertising market. Investors appear to be less worried about the litigation, though, than they are about the potential that Google might lose some of its search prowess to an AI-powered version of Bing.</p><h2>AI’s Long History</h2><p>The idea of creating a search engine that works with natural language has been around for decades; it was the goal of search engine Ask Jeeves, founded in 1996, which morphed into Ask.com and is now part of internet holding company IAC(IAC).</p><p>“Ask Jeeves is a provider of natural-language question-answering services on the internet for consumers and companies, establishing a new way to interact with the World Wide Web,” the company said in the prospectus for its 1999 initial public offering.</p><p>Ask Jeeves couldn’t quite deliver, undermined by the early days of internet infrastructure. The company never threatened Google. But computing has changed dramatically over the past 25 years—Microsoft, Google, and others benefit from far more powerful processors and algorithms, new techniques in AI and machine learning, and the vast reach and capabilities of cloud computing.</p><h2>The New AI Portfolio</h2><h3>The arrival of ChatGPT has investors looking for ways to invest in AI. Here are some of the key players.</h3><table><thead><tr><th>Company / Ticker</th><th>Market Value</th><th>YTD Change</th><th>Comment</th></tr></thead><tbody><tr><td>ON THE FRONT LINES</td><td></td><td></td><td></td></tr><tr><td><b>Microsoft / MSFT</b></td><td>$1.96 trillion</td><td>9.9%</td><td>Bing deal with OpenAI shook up the search market.</td></tr><tr><td><b>Alphabet / GOOGL</b></td><td>$1.22</td><td>7.7</td><td>Is adding AI to Search, but faces new threat in Bing.</td></tr><tr><td>THE ARMS DEALERS</td><td></td><td></td><td></td></tr><tr><td><b>Nvidia / NVDA</b></td><td>$549 billion</td><td>52.9%</td><td>Its graphics processors are used in many AI applications.</td></tr><tr><td><b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a> / ADBE</b></td><td>172</td><td>11.7</td><td>Creative-software giant sees boost from generative AI.</td></tr><tr><td><b>Advanced Micro Devices / AMD</b></td><td>134</td><td>28.5</td><td>Launched new AI-focused chip at CES.</td></tr><tr><td><b><a href=\"https://laohu8.com/S/IBM\">IBM</a> / IBM</b></td><td>121</td><td>-5.1</td><td>Remember Watson? IBM is still innovating in AI apps.</td></tr><tr><td>THE SPECULATIVE BETS</td><td></td><td></td><td></td></tr><tr><td><b>C3.ai / AI</b></td><td>$2.5 billion</td><td>101%</td><td>Enterprise AI firm launched ChatGPT-based search app.</td></tr><tr><td><b>SoundHound AI / SOUN</b></td><td>962 million</td><td>126</td><td>Its AI-based voice software is used in cars and restaurants.</td></tr><tr><td><b><a href=\"https://laohu8.com/S/BBAI\">BigBear.ai Holdings</a> / BBAI</b></td><td>682</td><td>682</td><td>Makes AI-based analytics, mostly for DoD and spy agencies.</td></tr><tr><td><b>BuzzFeed / BZFD</b></td><td>235</td><td>145</td><td>News site announced plans to post content created by ChatGPT.</td></tr></tbody></table><p>Source: Bloomberg</p><p>The most important innovation is the development of generative AI built on large language models, algorithms that can summarize, translate, predict, and generate text and other content based on massive sets of data.</p><p>The technology has given Microsoft—at long last—an opportunity to become relevant in the search market.</p><p>On a conference call with analysts following the Bing press event, Microsoft Chief Financial Officer Amy Hood estimated that search advertising accounts for 40% of the $500 billion digital ad market, or about $200 billion. Most of that goes to Alphabet, which reported $163 billion in search advertising last year, roughly 60% of the company’s overall revenue. Microsoft doesn’t break out Bing’s ad revenue, but if you assume it monetizes search at a comparable rate to Google, you’d get single-digit billions.</p><p>On the Microsoft call, Philippe Ockenden, the CFO for its Windows, Devices, and Search business, pointed out that “for every one point of share gain in the search advertising market, it’s a $2 billion revenue opportunity for our advertising business.”</p><p>And that’s what makes Alphabet investors nervous. The stock fell 12% in the days following Microsoft’s announcement, shedding about $160 billion in market value. Alphabet trades at roughly four times next year’s expected sales, so the market’s math suggests $40 billion of high-margin revenue flipping to Bing from Google.</p><p>In short, Wall Street watched the Bing demonstration, listened to the Google event, and concluded that Google finally has a real rival in search.</p><p>Unlike the typical pattern in tech disruption, this isn’t a threat from a feisty start-up. Google is coming under attack from an emboldened version of the world’s largest software company.</p><p>And there is a related problem: While Google is busy fending off Bing, the addition of new AI capabilities could boost the company’s search-related costs while eating into the number of queries that can support ads. “The bigger issue and fear here for Alphabet investors is the potential for rising [capital expenditures] and compute intensity associated with this new vector of search capability,” RBC Capital Markets analyst Brad Erickson wrote in a research note.</p><p>Morgan Stanley analyst Brian Nowak estimates that natural-language queries could be five times more expensive for Google to complete than under its current search model. For every 10% of Google’s search queries that switch to language models, Nowak concludes that the company’s operating expenses increase by $1.2 billion. If 50% of queries end up using natural language, Alphabet’s costs would increase by $6 billion, Nowak calculates, slashing pretax earnings by 6%.</p><h2><b>The Speculative Bets</b></h2><p>Until this past week, most of the AI action was taking place outside the realm of Big Tech, with investors scrambling to find more direct ways to play the theme. The frenzy has driven up prices of small-cap stocks in a way that feels similar to other recent Wall Street manias, from cryptocurrencies and 3-D printing to fake meat and cannabis.</p><p><a href=\"https://laohu8.com/S/AI\">C3.ai</a>, a provider of AI software tools for enterprise applications, has surged 101% this year, aided by the company’s plans to offer a search interface for its software that includes technology from both OpenAI and Google.</p><p><a href=\"https://laohu8.com/S/BZFD\">BuzzFeed</a> shares have rallied 145% this year on news that it plans to use ChatGPT to create content for its website.</p><p><a href=\"https://laohu8.com/S/SOUN\">SoundHound AI</a>, which this past week announced a voice-activated generative AI application for automotive and other end markets, has more than tripled since the ChatGPT launch. <a href=\"https://laohu8.com/S/BBAI\">BigBear.ai Holdings</a>, which makes AI-based analytical tools for U.S. defense and intelligence agencies, has more than quintupled over the same span. Both SoundHound and BigBear have taken advantage of the new interest in their shares by selling more stock.</p><p>Investors should be wary. Work on AI software has been happening for decades. The technology is complex and resource-intensive. In Alphabet’s case, the launch of Bard is part of a yearslong effort. The company bought the London-based AI software company DeepMind in 2014, for a reported $500 million-plus. Google has been including AI and machine learning in many software products for more than two decades. AI shows up in Google Translate, in the company’s core search service, in Google Lens visual search, in Google Maps, and in Gmail, among other places.</p><p>“AI is the most profound technology we are working on today,” Alphabet’s Pichai wrote in his blog post announcing Bard. “It’s critical that we bring experiences rooted in these models to the world in a bold and responsible way,” he added.</p><p>That’s a pretty obvious dig at ChatGPT, which has come under attack for not always delivering accurate information—and for creating opportunities for students of all ages to bypass the time-honored tradition of writing papers and taking tests.</p><h2>The AI Portfolio</h2><p>For investors, there are other AI plays to consider that don’t involve the risk of speculative small-caps. <a href=\"https://laohu8.com/S/IBM\">IBM</a> cites AI as one of the company’s two main priorities, along with hybrid cloud software. Remember when the IBM Watson mainframe took on human contestants in <i>Jeopardy</i>? That was in 2010. Big Blue has no intention to start a search engine or create consumer-facing chat apps, but the company is pushing to make artificial intelligence and machine learning ubiquitous elements of enterprise computing.</p><p>Sriram Raghavan, an IBM vice president who runs AI research across the company’s research labs, says the company has been developing “foundation models,” an approach that applies AI across industry-specific applications. In effect, IBM is applying the same kind of technology used to create large-language models found in chatbots to other realms, like writing code, analyzing geospatial data, molecular discovery, and business automation.</p><p>The complexity of AI will also boost demand for cloud-computing hardware, and the chips that power them. David Readerman, who runs a Bay Area hedge fund called Endurance Capital Partners, thinks          Nvidia        (         NVDA       ) is the best AI play—his guess is that 75% of AI workloads will be on servers using Nvidia’s graphics processors.</p><p>The AI trend should also benefit          Advanced Micro Devices        (         AMD       ). In a keynote address at the CES trade show in January, AMD CEO Lisa Su stood in front of a large screen that declared “AI is the defining megatrend in technology.”</p><p>“AI has been around for quite some time,” Su said in an interview with <i>Barron’s</i> last month, “but we’re at an inflection point, touching all of our technologies, from chips for consumer devices up to the largest chips we build for data centers. You need AI capability in every one of those devices.”</p><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a>, which dominates the market for creativity tools like InDesign, Photoshop, and Illustrator, sees the trend toward generative AI—which includes images as well as text—expanding its market as more people become creators. “We’re in a golden age of content creation, and generative AI will only accelerate that,” Adobe CFO Dan Durn recently told <i>Barron’s</i>.</p><p>Meanwhile, Facebook parent <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> has promised to roll out generative AI tools of its own later this year.</p><p>“AI is the foundation of our discovery engine and our ads business, and we also think it’s going to enable many new products and additional transformations within our apps,” Meta CEO Mark Zuckerberg said on the company’s fourth-quarter earnings call. “Generative AI is an extremely exciting new area…and one of my goals for Meta is to build on our research to become a leader in generative AI in addition to our leading work in recommendation AI.”</p><p>But that all looks small in comparison to the suddenly competitive market for internet search.</p><p>“Bing is better than Google search,” D.A. Davidson analyst Gil Luria wrote in a research note this past week—words few on Wall Street likely ever expected to hear.</p><p>Luria reiterated his Buy rating on Microsoft stock while boosting his target price to $325, from $280, suggesting upside of 25% from Microsoft’s recent close. “We believe consumers will be impressed,” he wrote after Bing’s recent demonstrations. “[T]he added capabilities made possible by the OpenAI integration make these tools considerably more useful, and we’re impressed by the sleek integration.” He sees a potential for “permanent share shift” in search.</p><p>Longtime internet analyst Mark Mahaney, now at Evecore ISI, maintains his Outperform rating on Alphabet shares, but nonetheless concedes that the search market has entered a new phase. “At the margin, there is no question that Microsoft’s aggressive move into Generative AI and its cadence of product development has presented a real risk to Google’s market position,” he recently wrote.</p><p>The AI frenzy comes at a notable time for tech companies, which saw their stocks tumble in 2022. Growth has slowed, the market for IPOs has all but disappeared, and regulatory scrutiny is mounting. The tech sector could use a shot in the arm—AI may be about to deliver it.</p></body></html>","source":"mwatch_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>ChatGPT Sparked an AI Craze. How to Cut Through the Hype</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\">\nChatGPT Sparked an AI Craze. How to Cut Through the Hype\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-13 11:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/chatgpt-ai-invest-8aff5248?mod=newsviewer_click><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It has been more than 70 years since the English computer scientist Alan Turing wrote a landmark paper laying out the Turing Test for assessing whether machines can think.It turns out that a better ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/chatgpt-ai-invest-8aff5248?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4587":"ChatGPT概念","BK4551":"寇图资本持仓","AI":"C3.ai, Inc.","BK4543":"AI","BK4528":"SaaS概念","BK4023":"应用软件"},"source_url":"https://www.marketwatch.com/articles/chatgpt-ai-invest-8aff5248?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2310672034","content_text":"It has been more than 70 years since the English computer scientist Alan Turing wrote a landmark paper laying out the Turing Test for assessing whether machines can think.It turns out that a better question is whether they can sell advertising.Over the past two months, Wall Street has become preoccupied with ChatGPT, the now very popular chatbot from start-up OpenAI. ChatGPT launched on Nov. 30 as a free service, and the world has been dazzled by its ability to answer questions and create original materials, generating everything from letters and resumes to computer code and Shakespearean-style sonnets. ChatGPT reached more than 100 million users in January, hitting that milestone even faster than TikTok.The viral success has spurred questions across Wall Street about how tech titans would respond.  Microsoft, which made an initial investment in OpenAI in 2019, recently agreed to boost its stake by $10 billion, spurring speculation about how the software giant would fold so-called generative artificial intelligence into its products.We got the answer this past week. On Tuesday, Microsoft unveiled a new version of its Bing search engine, infused with natural-language capability from OpenAI. The implications were market-shaking, mostly for Google parent Alphabet, which could see its dominance in internet search challenged for the first time in decades.“AI will fundamentally change every software category, starting with the largest category of all—search,” Microsoft CEO Satya Nadella said this past week.A day before Microsoft’s announcement, Google unveiled its own AI-based chatbot, called Bard. The company also intends to add generative AI functionality to its own core search engine. This past Wednesday, Alphabet hosted a low-key search-related event in Paris to show off AI-related updates to maps, image search, and language translation. But the market came away uninspired.Some observers noted a small error in one of the Bard search examples, which had said that the first photograph of an exoplanet was taken by the Webb space telescope. That isn’t accurate. Also noted by many: While Microsoft CEO Nadella led the Bing launch, Alphabet CEO Sundar Pichai didn’t participate in Google’s Paris event. It was, one fund manager said, a Bard bust.Analysts and investors spent the rest of the week debating a once impossible idea: that a newly energized Bing, which rolled out in 2009, could shift the balance of power in the internet search market.Google currently controls 93% of the search market, versus just 3% for Bing, according to Statcounter. Google, as a result, has near-total domination of search-related advertising. The company is currently fighting a pair of Justice Department lawsuits charging that the company’s search and advertising businesses violate federal antitrust law. The first suit, filed in 2020, focuses specifically on search. It goes to trial later this year. Just a few weeks ago, the government filed a second case, this time related to the online advertising market. Investors appear to be less worried about the litigation, though, than they are about the potential that Google might lose some of its search prowess to an AI-powered version of Bing.AI’s Long HistoryThe idea of creating a search engine that works with natural language has been around for decades; it was the goal of search engine Ask Jeeves, founded in 1996, which morphed into Ask.com and is now part of internet holding company IAC(IAC).“Ask Jeeves is a provider of natural-language question-answering services on the internet for consumers and companies, establishing a new way to interact with the World Wide Web,” the company said in the prospectus for its 1999 initial public offering.Ask Jeeves couldn’t quite deliver, undermined by the early days of internet infrastructure. The company never threatened Google. But computing has changed dramatically over the past 25 years—Microsoft, Google, and others benefit from far more powerful processors and algorithms, new techniques in AI and machine learning, and the vast reach and capabilities of cloud computing.The New AI PortfolioThe arrival of ChatGPT has investors looking for ways to invest in AI. Here are some of the key players.Company / TickerMarket ValueYTD ChangeCommentON THE FRONT LINESMicrosoft / MSFT$1.96 trillion9.9%Bing deal with OpenAI shook up the search market.Alphabet / GOOGL$1.227.7Is adding AI to Search, but faces new threat in Bing.THE ARMS DEALERSNvidia / NVDA$549 billion52.9%Its graphics processors are used in many AI applications.Adobe / ADBE17211.7Creative-software giant sees boost from generative AI.Advanced Micro Devices / AMD13428.5Launched new AI-focused chip at CES.IBM / IBM121-5.1Remember Watson? IBM is still innovating in AI apps.THE SPECULATIVE BETSC3.ai / AI$2.5 billion101%Enterprise AI firm launched ChatGPT-based search app.SoundHound AI / SOUN962 million126Its AI-based voice software is used in cars and restaurants.BigBear.ai Holdings / BBAI682682Makes AI-based analytics, mostly for DoD and spy agencies.BuzzFeed / BZFD235145News site announced plans to post content created by ChatGPT.Source: BloombergThe most important innovation is the development of generative AI built on large language models, algorithms that can summarize, translate, predict, and generate text and other content based on massive sets of data.The technology has given Microsoft—at long last—an opportunity to become relevant in the search market.On a conference call with analysts following the Bing press event, Microsoft Chief Financial Officer Amy Hood estimated that search advertising accounts for 40% of the $500 billion digital ad market, or about $200 billion. Most of that goes to Alphabet, which reported $163 billion in search advertising last year, roughly 60% of the company’s overall revenue. Microsoft doesn’t break out Bing’s ad revenue, but if you assume it monetizes search at a comparable rate to Google, you’d get single-digit billions.On the Microsoft call, Philippe Ockenden, the CFO for its Windows, Devices, and Search business, pointed out that “for every one point of share gain in the search advertising market, it’s a $2 billion revenue opportunity for our advertising business.”And that’s what makes Alphabet investors nervous. The stock fell 12% in the days following Microsoft’s announcement, shedding about $160 billion in market value. Alphabet trades at roughly four times next year’s expected sales, so the market’s math suggests $40 billion of high-margin revenue flipping to Bing from Google.In short, Wall Street watched the Bing demonstration, listened to the Google event, and concluded that Google finally has a real rival in search.Unlike the typical pattern in tech disruption, this isn’t a threat from a feisty start-up. Google is coming under attack from an emboldened version of the world’s largest software company.And there is a related problem: While Google is busy fending off Bing, the addition of new AI capabilities could boost the company’s search-related costs while eating into the number of queries that can support ads. “The bigger issue and fear here for Alphabet investors is the potential for rising [capital expenditures] and compute intensity associated with this new vector of search capability,” RBC Capital Markets analyst Brad Erickson wrote in a research note.Morgan Stanley analyst Brian Nowak estimates that natural-language queries could be five times more expensive for Google to complete than under its current search model. For every 10% of Google’s search queries that switch to language models, Nowak concludes that the company’s operating expenses increase by $1.2 billion. If 50% of queries end up using natural language, Alphabet’s costs would increase by $6 billion, Nowak calculates, slashing pretax earnings by 6%.The Speculative BetsUntil this past week, most of the AI action was taking place outside the realm of Big Tech, with investors scrambling to find more direct ways to play the theme. The frenzy has driven up prices of small-cap stocks in a way that feels similar to other recent Wall Street manias, from cryptocurrencies and 3-D printing to fake meat and cannabis.C3.ai, a provider of AI software tools for enterprise applications, has surged 101% this year, aided by the company’s plans to offer a search interface for its software that includes technology from both OpenAI and Google.BuzzFeed shares have rallied 145% this year on news that it plans to use ChatGPT to create content for its website.SoundHound AI, which this past week announced a voice-activated generative AI application for automotive and other end markets, has more than tripled since the ChatGPT launch. BigBear.ai Holdings, which makes AI-based analytical tools for U.S. defense and intelligence agencies, has more than quintupled over the same span. Both SoundHound and BigBear have taken advantage of the new interest in their shares by selling more stock.Investors should be wary. Work on AI software has been happening for decades. The technology is complex and resource-intensive. In Alphabet’s case, the launch of Bard is part of a yearslong effort. The company bought the London-based AI software company DeepMind in 2014, for a reported $500 million-plus. Google has been including AI and machine learning in many software products for more than two decades. AI shows up in Google Translate, in the company’s core search service, in Google Lens visual search, in Google Maps, and in Gmail, among other places.“AI is the most profound technology we are working on today,” Alphabet’s Pichai wrote in his blog post announcing Bard. “It’s critical that we bring experiences rooted in these models to the world in a bold and responsible way,” he added.That’s a pretty obvious dig at ChatGPT, which has come under attack for not always delivering accurate information—and for creating opportunities for students of all ages to bypass the time-honored tradition of writing papers and taking tests.The AI PortfolioFor investors, there are other AI plays to consider that don’t involve the risk of speculative small-caps. IBM cites AI as one of the company’s two main priorities, along with hybrid cloud software. Remember when the IBM Watson mainframe took on human contestants in Jeopardy? That was in 2010. Big Blue has no intention to start a search engine or create consumer-facing chat apps, but the company is pushing to make artificial intelligence and machine learning ubiquitous elements of enterprise computing.Sriram Raghavan, an IBM vice president who runs AI research across the company’s research labs, says the company has been developing “foundation models,” an approach that applies AI across industry-specific applications. In effect, IBM is applying the same kind of technology used to create large-language models found in chatbots to other realms, like writing code, analyzing geospatial data, molecular discovery, and business automation.The complexity of AI will also boost demand for cloud-computing hardware, and the chips that power them. David Readerman, who runs a Bay Area hedge fund called Endurance Capital Partners, thinks          Nvidia        (         NVDA       ) is the best AI play—his guess is that 75% of AI workloads will be on servers using Nvidia’s graphics processors.The AI trend should also benefit          Advanced Micro Devices        (         AMD       ). In a keynote address at the CES trade show in January, AMD CEO Lisa Su stood in front of a large screen that declared “AI is the defining megatrend in technology.”“AI has been around for quite some time,” Su said in an interview with Barron’s last month, “but we’re at an inflection point, touching all of our technologies, from chips for consumer devices up to the largest chips we build for data centers. You need AI capability in every one of those devices.”Adobe, which dominates the market for creativity tools like InDesign, Photoshop, and Illustrator, sees the trend toward generative AI—which includes images as well as text—expanding its market as more people become creators. “We’re in a golden age of content creation, and generative AI will only accelerate that,” Adobe CFO Dan Durn recently told Barron’s.Meanwhile, Facebook parent Meta Platforms has promised to roll out generative AI tools of its own later this year.“AI is the foundation of our discovery engine and our ads business, and we also think it’s going to enable many new products and additional transformations within our apps,” Meta CEO Mark Zuckerberg said on the company’s fourth-quarter earnings call. “Generative AI is an extremely exciting new area…and one of my goals for Meta is to build on our research to become a leader in generative AI in addition to our leading work in recommendation AI.”But that all looks small in comparison to the suddenly competitive market for internet search.“Bing is better than Google search,” D.A. Davidson analyst Gil Luria wrote in a research note this past week—words few on Wall Street likely ever expected to hear.Luria reiterated his Buy rating on Microsoft stock while boosting his target price to $325, from $280, suggesting upside of 25% from Microsoft’s recent close. “We believe consumers will be impressed,” he wrote after Bing’s recent demonstrations. “[T]he added capabilities made possible by the OpenAI integration make these tools considerably more useful, and we’re impressed by the sleek integration.” He sees a potential for “permanent share shift” in search.Longtime internet analyst Mark Mahaney, now at Evecore ISI, maintains his Outperform rating on Alphabet shares, but nonetheless concedes that the search market has entered a new phase. “At the margin, there is no question that Microsoft’s aggressive move into Generative AI and its cadence of product development has presented a real risk to Google’s market position,” he recently wrote.The AI frenzy comes at a notable time for tech companies, which saw their stocks tumble in 2022. Growth has slowed, the market for IPOs has all but disappeared, and regulatory scrutiny is mounting. The tech sector could use a shot in the arm—AI may be about to deliver it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":13,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954136555,"gmtCreate":1676077887677,"gmtModify":1676077891038,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":22,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954136555","repostId":"1166661028","repostType":4,"repost":{"id":"1166661028","pubTimestamp":1676073476,"share":"https://www.laohu8.com/m/news/1166661028?lang=&edition=full","pubTime":"2023-02-11 07:57","market":"us","language":"en","title":"U.S. Weekly Review: Stock Market Pulls Back As Treasury Yields Jump; Google Dives On AI Flop","url":"https://stock-news.laohu8.com/highlight/detail?id=1166661028","media":"Investor's Business Daily","summary":"The stock market rally extended a pullback from a Feb. 2 high, with the major indexes testing some k","content":"<html><head></head><body><p>The stock market rally extended a pullback from a Feb. 2 high, with the major indexes testing some key levels late in the week. Treasury yields soared as Fed officials signaled they may have raise rates further than markets expected. <a href=\"https://laohu8.com/S/LBIX\">Leading</a> stocks generally showed strength. <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> (MSFT) rose as it integrated ChatGPT tech into its Bing search engine, while Google parent <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> (GOOGL) plunged as its AI chatbot underwhelmed. Cloudflare (NET), <a href=\"https://laohu8.com/S/FTNT\">Fortinet</a> (FTNT), BP (BP) and On Semiconductor (ON) were earnings winners.</p><h3>Market Rally Retreats</h3><p>The major indexes retreated while the Russell 2000 declined significantly, starting to test some key levels after a strong market advance. This could be a normal, healthy pullback or the start of something more. The 10-year Treasury yield jumped and the dollar strengthened. Crude oil prices rebounded.</p><h3>Google Dives As AI War Heats Up</h3><p>Microsoft (MSFT) and Google-parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> (GOOGL) hosted media events highlighting artificial intelligence initiatives and investments. Analysts said Microsoft came out ahead in terms of describing its product strategy and showcasing ChatGPT technology from OpenAI. Microsoft announced that it is integrating the technology behind ChatGPT into its Bing search engine and web browser. Microsoft is the biggest investor in OpenAI. Google announced Bard, its conversational AI chatbot. Google&#39;s press event disappointed with little new news and an advertisement for Bard featured an inaccurate chatbot response. There&#39;s also a concern that Google, given its huge search engine market share, will have to spend massively to run Bard. Meanwhile, <a href=\"https://laohu8.com/S/CAAS\">China</a>&#39;s <a href=\"https://laohu8.com/S/BIDU\">Baidu</a> (BIDU) said it will launch an AI chatbot, called Ernie, to the public in March. Google stock plunged. MSFT and Baidu rose, but pared weekly gains. Various AI plays reversed lower after huge gains in recent weeks.</p><h3><a href=\"https://laohu8.com/S/PI\">Impinj</a>, Monolithic Guide Higher</h3><p>Onsemi (ON) and <a href=\"https://laohu8.com/S/SWKS\">Skyworks Solutions</a> (SWKS) joined the parade of chipmakers guiding lower for the March quarter after delivering in line or better sales and earnings for the December quarter. Meanwhile, <a href=\"https://laohu8.com/S/RMBS\">Rambus</a> (RMBS) matched views for the fourth quarter and withdrew its outlook. <a href=\"https://laohu8.com/S/DIOD\">Diodes</a> (DIOD) beat estimates and gave in-line guidance. But fabless chipmakers Impinj (PI) and <a href=\"https://laohu8.com/S/MPWR\">Monolithic Power</a> Systems (MPWR) each guided higher for first-quarter sales after delivering better-than-expected fourth-quarter results. All of these stocks rose solidly except for PI stock.</p><h3>BP Jumps On <a href=\"https://laohu8.com/S/FOSL\">Fossil</a> Fuel Vision</h3><p>The U.K. energy giant reported a 29% EPS gain, just missing, while revenue rose 33% to $69.3 billion. But BP (BP) spiked higher, breaking out to a three-year high, after downshifting an aggressive move toward renewables. The U.K.-based energy giant anticipates oil and gas production to be around 2.3 million barrels of oil equivalent per day in 2025. By 2030, BP expects to be producing 2 million. That would be 25% below BP&#39;s 2019 production, but much higher than its prior goal of a 40% cut. BP CEO Bernard Looney has also said the goal is to increase alternative energy investments to around 50% of total capital spending by 2030. Shell (SHEL), which also has signaled more fossil fuels recently, flirted with a breakout.</p><h3>Disney Earnings Top, Proxy Fight Over</h3><p>Disney (DIS) reported a 7% EPS decline while revenue grew 8% to $23.5 billion, both beating. Disney+ subscribers fell vs. the prior quarter, but North America customers actually edged up. The entertainment giant announced plans to cut 7,000 jobs, or 3%, as part of a large-scale reorganization. It aims to cut $5.5 billion in costs, including $3 billion from content. Following the earnings and restructuring plan, activist investor Nelson Peltz called off his proxy battle vs. Disney.</p><h3>Cybersecurity Software</h3><p>Fortinet (FTNT) reported Q4 earnings jumped 76%, beating views. Revenue climbed 33% to $1.28 billion, just below consensus. But billings topped forecasts and so did the 2023 revenue outlook. <a href=\"https://laohu8.com/S/CYBR\">CyberArk</a> Software (CYBR) reported a 43% EPS decline, beating, while a 12% revenue gain fell short. Tenable (TENB) and <a href=\"https://laohu8.com/S/QLYS\">Qualys</a> (QLYS) topped consensus.</p><h3>Human Capital Software Makers Top</h3><p>Ceridian (CDAY) reported EPS up 156% from a year earlier while revenue rose 19% to $336.1 million. <a href=\"https://laohu8.com/S/PAYC\">Paycom</a> Software (PAYC) reported EPS swelled 56% with revenue climbing 30% to $370. 6 million. CDAY jumped, clearing a buy zone. But PAYC stock tumbled.</p><h3>Cloudflare Growth Speedy</h3><p>Cloudflare (NET) reported 6 cents a share, up 500% from a 1 cent a year earlier. Revenue rose 42%, also slightly topping. The software maker also guided slightly higher on 2023 results. Cloudflare speeds up and provides security for web applications routed through its intelligent global network. It has ties with ChatGPT creator OpenAI. NET rose solidly.</p><h3>Database Software Stocks Jump</h3><p><a href=\"https://laohu8.com/S/NEWR\">New Relic</a> (NEWR) spiked as quarterly results soundly beat estimates on the top and bottom lines. The data analytics software maker says it&#39;s attracting new customers at a rapid pace. Alteryx (AYX) easily beats views, swinging to a profit while revenue swelled 73%. It also gave bullish guidance.</p><h3>Travel Firms Bullish On Demand</h3><p>Travel companies report Q4 results and 2023 guidance that varied, but agreed that travel should remain strong. <a href=\"https://laohu8.com/S/HLT\">Hilton</a> Worldwide (HLT) and Hertz (HTZ) both topped expectations. Hilton&#39;s adjusted earnings more than doubled with revenue up 33%, though top-line growth has been slowing. <a href=\"https://laohu8.com/S/RGLD\">Royal</a> Caribbean (RCL) posted a better-than-expected loss, but was just shy on revenue predictions. <a href=\"https://laohu8.com/S/WYNN\">Wynn</a> Resorts (WYNN) and MGM Resorts (MGM) both reported big Q4 losses, but the Macau-focused gaming giants impressed with strong revenue growth. <a href=\"https://laohu8.com/S/EXPE\">Expedia</a> (EXPE) missed estimates but gave a solid guidance of double-digit top-line and bottom-line growth for 2023. But EXPE tumbled Friday, weighing on other travel plays.</p><h3>Chipotle Misses, But <a href=\"https://laohu8.com/S/YUM\">Yum</a> Stock Looks Tasty</h3><p><a href=\"https://laohu8.com/S/CMG\">Chipotle Mexican Grill</a> (CMG) reported EPS up 49%, revenue up 11.2% and same-store sales 5.6%, but all missed fourth-quarter estimates as consumers tightened spending. Last year, Chipotle hiked menu prices amid food and wage cost inflation. CMG stock fell back below a buy zone. Yum Brands (YUM) scored an overall beat, led by Taco Bell. EPS grew 28% while Yum also raised its dividend. Shares jumped, flirting a breakout. Yum China (YUMC) popped amid strong earnings, though sales missed.</p><h3>CVS To Buy <a href=\"https://laohu8.com/S/OSH\">Oak Street Health</a></h3><p><a href=\"https://laohu8.com/S/CVS\">CVS Health</a> (CVS) will pay $10.6 billion, including debt, for the primary care center operator for older adults. Oak Street Health (OSH), which already gapped up in early January on reports of a deal, spiked higher again. CVS also reported Q4 EPS rose by a penny to $1.99, ahead of estimates. But the midpoint of its 2023 guidance was below Wall Street consensus. CVS stock jumped, but from 52-week lows.</p><h3><a href=\"https://laohu8.com/S/UBER\">Uber</a> Jumps On Surprise Profit; Lyft Crashes</h3><p>Uber (UBER) reported a gain vs. an expected loss, while the ride-hailing and food delivery app giant sees bookings stepping up in Q1. Shares jumped. But Lyft (LYFT) dived on an unexpectedly big loss and weak revenue guidance.</p><h3><a href=\"https://laohu8.com/S/NWS\">News</a> In Brief</h3><p><a href=\"https://laohu8.com/S/VRTX\">Vertex Pharmaceuticals</a> (VRTX) sank on lacking near-term catalysts, though adjusted earnings beat views with a 25% gain. Sales grew 11% to $2.3 billion, in line with expectations.</p><p><a href=\"https://laohu8.com/S/INSP\">Inspire Medical Systems</a> (INSP) jumped as it turned profitable and sales rocketed 76% to $137.9 million.</p><p>Dexcom (DXCM) earnings rebounded, easily beating Q4 views, while sales grew 17% for the diabetes products giant. .</p><p><a href=\"https://laohu8.com/S/ABBV\">AbbVie</a> (ABBV) popped on a better-than-feared outlook for 2023 profit. Q4 profit beat with a 17% drop. Sales missed, but rose 2% to $15.12 billion in sales.</p><p><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL)modestly beat Q4 views, with EPS up 12% and revenue 7%. The digital payments leader guided slightly higher for Q1 and 2023 earnings. CEO Dan Schulman will leave at the end of 2023</p><p>Affirm Holdings (AFRM) reported a loss of $1.10 per share while revenue rose 11% to $399.6 million. Gross merchandise volume missed views. The buy now, pay now leader also guided lower.</p><p><a href=\"https://laohu8.com/S/TEX\">Terex</a> (TEX) earnings climbed 63% with revenue up 23%. The heavy equipment guided higher for 2023. It also raised its quarterly dividend by 15% to 15 cents a share.</p><p><a href=\"https://laohu8.com/S/ENPH\">Enphase Energy</a> (ENPH) reported a 107% EPS gain, easily beating, and upped its guidance amid &#34;strong global demand&#34; for its solar products. But concerns about near-term U.S. demand send stocks reversing sharply lower.</p><p>Pinterest (PINS) plunged as EPS topped views but revenue growth slowed again, below estimates. The social media firm also gave a weak revenue outlook.</p></body></html>","source":"lsy1610612141385","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. Weekly Review: Stock Market Pulls Back As Treasury Yields Jump; Google Dives On AI Flop</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. Weekly Review: Stock Market Pulls Back As Treasury Yields Jump; Google Dives On AI Flop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-11 07:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/stock-market-pulls-back-treasury-yields-jump-google-dives-on-ai-flop/><strong>Investor's Business Daily</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market rally extended a pullback from a Feb. 2 high, with the major indexes testing some key levels late in the week. Treasury yields soared as Fed officials signaled they may have raise ...</p>\n\n<a href=\"https://www.investors.com/news/stock-market-pulls-back-treasury-yields-jump-google-dives-on-ai-flop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓",".IXIC":"NASDAQ Composite","BK4543":"AI",".SPX":"S&P 500 Index","BK4528":"SaaS概念","AI":"C3.ai, Inc.","BK4023":"应用软件",".DJI":"道琼斯"},"source_url":"https://www.investors.com/news/stock-market-pulls-back-treasury-yields-jump-google-dives-on-ai-flop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166661028","content_text":"The stock market rally extended a pullback from a Feb. 2 high, with the major indexes testing some key levels late in the week. Treasury yields soared as Fed officials signaled they may have raise rates further than markets expected. Leading stocks generally showed strength. Microsoft (MSFT) rose as it integrated ChatGPT tech into its Bing search engine, while Google parent Alphabet (GOOGL) plunged as its AI chatbot underwhelmed. Cloudflare (NET), Fortinet (FTNT), BP (BP) and On Semiconductor (ON) were earnings winners.Market Rally RetreatsThe major indexes retreated while the Russell 2000 declined significantly, starting to test some key levels after a strong market advance. This could be a normal, healthy pullback or the start of something more. The 10-year Treasury yield jumped and the dollar strengthened. Crude oil prices rebounded.Google Dives As AI War Heats UpMicrosoft (MSFT) and Google-parent Alphabet (GOOGL) hosted media events highlighting artificial intelligence initiatives and investments. Analysts said Microsoft came out ahead in terms of describing its product strategy and showcasing ChatGPT technology from OpenAI. Microsoft announced that it is integrating the technology behind ChatGPT into its Bing search engine and web browser. Microsoft is the biggest investor in OpenAI. Google announced Bard, its conversational AI chatbot. Google's press event disappointed with little new news and an advertisement for Bard featured an inaccurate chatbot response. There's also a concern that Google, given its huge search engine market share, will have to spend massively to run Bard. Meanwhile, China's Baidu (BIDU) said it will launch an AI chatbot, called Ernie, to the public in March. Google stock plunged. MSFT and Baidu rose, but pared weekly gains. Various AI plays reversed lower after huge gains in recent weeks.Impinj, Monolithic Guide HigherOnsemi (ON) and Skyworks Solutions (SWKS) joined the parade of chipmakers guiding lower for the March quarter after delivering in line or better sales and earnings for the December quarter. Meanwhile, Rambus (RMBS) matched views for the fourth quarter and withdrew its outlook. Diodes (DIOD) beat estimates and gave in-line guidance. But fabless chipmakers Impinj (PI) and Monolithic Power Systems (MPWR) each guided higher for first-quarter sales after delivering better-than-expected fourth-quarter results. All of these stocks rose solidly except for PI stock.BP Jumps On Fossil Fuel VisionThe U.K. energy giant reported a 29% EPS gain, just missing, while revenue rose 33% to $69.3 billion. But BP (BP) spiked higher, breaking out to a three-year high, after downshifting an aggressive move toward renewables. The U.K.-based energy giant anticipates oil and gas production to be around 2.3 million barrels of oil equivalent per day in 2025. By 2030, BP expects to be producing 2 million. That would be 25% below BP's 2019 production, but much higher than its prior goal of a 40% cut. BP CEO Bernard Looney has also said the goal is to increase alternative energy investments to around 50% of total capital spending by 2030. Shell (SHEL), which also has signaled more fossil fuels recently, flirted with a breakout.Disney Earnings Top, Proxy Fight OverDisney (DIS) reported a 7% EPS decline while revenue grew 8% to $23.5 billion, both beating. Disney+ subscribers fell vs. the prior quarter, but North America customers actually edged up. The entertainment giant announced plans to cut 7,000 jobs, or 3%, as part of a large-scale reorganization. It aims to cut $5.5 billion in costs, including $3 billion from content. Following the earnings and restructuring plan, activist investor Nelson Peltz called off his proxy battle vs. Disney.Cybersecurity SoftwareFortinet (FTNT) reported Q4 earnings jumped 76%, beating views. Revenue climbed 33% to $1.28 billion, just below consensus. But billings topped forecasts and so did the 2023 revenue outlook. CyberArk Software (CYBR) reported a 43% EPS decline, beating, while a 12% revenue gain fell short. Tenable (TENB) and Qualys (QLYS) topped consensus.Human Capital Software Makers TopCeridian (CDAY) reported EPS up 156% from a year earlier while revenue rose 19% to $336.1 million. Paycom Software (PAYC) reported EPS swelled 56% with revenue climbing 30% to $370. 6 million. CDAY jumped, clearing a buy zone. But PAYC stock tumbled.Cloudflare Growth SpeedyCloudflare (NET) reported 6 cents a share, up 500% from a 1 cent a year earlier. Revenue rose 42%, also slightly topping. The software maker also guided slightly higher on 2023 results. Cloudflare speeds up and provides security for web applications routed through its intelligent global network. It has ties with ChatGPT creator OpenAI. NET rose solidly.Database Software Stocks JumpNew Relic (NEWR) spiked as quarterly results soundly beat estimates on the top and bottom lines. The data analytics software maker says it's attracting new customers at a rapid pace. Alteryx (AYX) easily beats views, swinging to a profit while revenue swelled 73%. It also gave bullish guidance.Travel Firms Bullish On DemandTravel companies report Q4 results and 2023 guidance that varied, but agreed that travel should remain strong. Hilton Worldwide (HLT) and Hertz (HTZ) both topped expectations. Hilton's adjusted earnings more than doubled with revenue up 33%, though top-line growth has been slowing. Royal Caribbean (RCL) posted a better-than-expected loss, but was just shy on revenue predictions. Wynn Resorts (WYNN) and MGM Resorts (MGM) both reported big Q4 losses, but the Macau-focused gaming giants impressed with strong revenue growth. Expedia (EXPE) missed estimates but gave a solid guidance of double-digit top-line and bottom-line growth for 2023. But EXPE tumbled Friday, weighing on other travel plays.Chipotle Misses, But Yum Stock Looks TastyChipotle Mexican Grill (CMG) reported EPS up 49%, revenue up 11.2% and same-store sales 5.6%, but all missed fourth-quarter estimates as consumers tightened spending. Last year, Chipotle hiked menu prices amid food and wage cost inflation. CMG stock fell back below a buy zone. Yum Brands (YUM) scored an overall beat, led by Taco Bell. EPS grew 28% while Yum also raised its dividend. Shares jumped, flirting a breakout. Yum China (YUMC) popped amid strong earnings, though sales missed.CVS To Buy Oak Street HealthCVS Health (CVS) will pay $10.6 billion, including debt, for the primary care center operator for older adults. Oak Street Health (OSH), which already gapped up in early January on reports of a deal, spiked higher again. CVS also reported Q4 EPS rose by a penny to $1.99, ahead of estimates. But the midpoint of its 2023 guidance was below Wall Street consensus. CVS stock jumped, but from 52-week lows.Uber Jumps On Surprise Profit; Lyft CrashesUber (UBER) reported a gain vs. an expected loss, while the ride-hailing and food delivery app giant sees bookings stepping up in Q1. Shares jumped. But Lyft (LYFT) dived on an unexpectedly big loss and weak revenue guidance.News In BriefVertex Pharmaceuticals (VRTX) sank on lacking near-term catalysts, though adjusted earnings beat views with a 25% gain. Sales grew 11% to $2.3 billion, in line with expectations.Inspire Medical Systems (INSP) jumped as it turned profitable and sales rocketed 76% to $137.9 million.Dexcom (DXCM) earnings rebounded, easily beating Q4 views, while sales grew 17% for the diabetes products giant. .AbbVie (ABBV) popped on a better-than-feared outlook for 2023 profit. Q4 profit beat with a 17% drop. Sales missed, but rose 2% to $15.12 billion in sales.PayPal (PYPL)modestly beat Q4 views, with EPS up 12% and revenue 7%. The digital payments leader guided slightly higher for Q1 and 2023 earnings. CEO Dan Schulman will leave at the end of 2023Affirm Holdings (AFRM) reported a loss of $1.10 per share while revenue rose 11% to $399.6 million. Gross merchandise volume missed views. The buy now, pay now leader also guided lower.Terex (TEX) earnings climbed 63% with revenue up 23%. The heavy equipment guided higher for 2023. It also raised its quarterly dividend by 15% to 15 cents a share.Enphase Energy (ENPH) reported a 107% EPS gain, easily beating, and upped its guidance amid \"strong global demand\" for its solar products. But concerns about near-term U.S. demand send stocks reversing sharply lower.Pinterest (PINS) plunged as EPS topped views but revenue growth slowed again, below estimates. The social media firm also gave a weak revenue outlook.","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":290806135296216,"gmtCreate":1712023510011,"gmtModify":1712023513108,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09868\">$XPENG-W(09868)$&nbsp;</a><v-v data-views=\"0\"></v-v> 👇👻","listText":"<a href=\"https://ttm.financial/S/09868\">$XPENG-W(09868)$&nbsp;</a><v-v data-views=\"0\"></v-v> 👇👻","text":"$XPENG-W(09868)$ 👇👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/290806135296216","isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":206352888189080,"gmtCreate":1691388660771,"gmtModify":1691388663436,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/N2IU.SI\">$Mapletree PanAsia Com Tr(N2IU.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v>⬇️👻","listText":"<a href=\"https://ttm.financial/S/N2IU.SI\">$Mapletree PanAsia Com Tr(N2IU.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v>⬇️👻","text":"$Mapletree PanAsia Com Tr(N2IU.SI)$ ⬇️👻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206352888189080","isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949647166,"gmtCreate":1678664092555,"gmtModify":1678664096303,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":21,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949647166","repostId":"1119712805","repostType":4,"repost":{"id":"1119712805","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":1678662159,"share":"https://www.laohu8.com/m/news/1119712805?lang=&edition=full","pubTime":"2023-03-13 07:02","market":"us","language":"en","title":"U.S. Announces It Will Stem SVB Fallout, Customers to Have Deposit Access","url":"https://stock-news.laohu8.com/highlight/detail?id=1119712805","media":"Reuters","summary":"(Reuters) - Silicon Valley Bank  customers will have access to their deposits starting on Monday, U.","content":"<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank </a> customers will have access to their deposits starting on Monday, U.S. officials said on Sunday, as the federal government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of the tech startup-focused lender.</p><p>The boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, in consultation with President Joe Biden, approved the FDIC&#39;s resolution of SVB, according to a joint statement from U.S. Treasury Secretary Janet Yellen, Fed Chair Jerome Powell and FDIC Chairman Martin Gruenberg on Sunday evening.</p><p>The move will not lead to losses by American taxpayers and all deposits will be made whole, the statement said.</p><p>&#34;Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,&#34; the statement said. &#34;This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.&#34;</p><p>The Federal Reserve also said Sunday it would make additional funding available through a new Bank Term Funding Program, which would offer loans up to one year to depository institutions, backed by Treasuries and other assets these institutions hold.</p><p>The officials also said that depositors of New York&#39;s <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>, which was closed Sunday by the New York state financial regulator, would be made whole at no loss to the taxpayer.</p><p>Signature&#39;s shareholders and unsecured debtors will not be protected, and management has been removed, the officials said.</p><p><img src=\"https://static.tigerbbs.com/55e6734dfe59a152aecda5c41da4252d\" tg-width=\"960\" tg-height=\"640\" referrerpolicy=\"no-referrer\"/>A man puts a sign on the door of the Silicon Valley Bank as an onlooker watches at the bank’s headquarters in Santa Clara, California, U.S. March 10, 2023. REUTERS/Nathan Frandino</p><p>Earlier, Yellen had said she was working with banking regulators to respond after SVB became the largest bank to fail since the 2008 financial crisis.</p><p>In March 2020 when the coronavirus pandemic and lockdowns triggered financial panic, the Federal Reserve announced a series of measures to keep credit flowing by lowering borrowing costs and lengthening the terms of its direct loans.</p><p>By the end of that month, use of the Fed&#39;s discount window facility shot up to more than $50 billion.</p><p>Through the middle of last week, before SVB&#39;s collapse, there had been no indications of usage picking up, with Fed data showing weekly outstanding balances of $4 billion to $5 billion since the start of the year.</p><h3>FINDING A BUYER</h3><p>Although the Federal Deposit Insurance Corporation (FDIC) protects deposits of up to $250,000, there have been worries about SVB deposits above that level, one source said, adding that many smaller businesses were at risk of being unable to pay staff.</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. Announces It Will Stem SVB Fallout, Customers to Have Deposit Access</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Announces It Will Stem SVB Fallout, Customers to Have Deposit Access\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\">2023-03-13 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank </a> customers will have access to their deposits starting on Monday, U.S. officials said on Sunday, as the federal government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of the tech startup-focused lender.</p><p>The boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, in consultation with President Joe Biden, approved the FDIC&#39;s resolution of SVB, according to a joint statement from U.S. Treasury Secretary Janet Yellen, Fed Chair Jerome Powell and FDIC Chairman Martin Gruenberg on Sunday evening.</p><p>The move will not lead to losses by American taxpayers and all deposits will be made whole, the statement said.</p><p>&#34;Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,&#34; the statement said. &#34;This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.&#34;</p><p>The Federal Reserve also said Sunday it would make additional funding available through a new Bank Term Funding Program, which would offer loans up to one year to depository institutions, backed by Treasuries and other assets these institutions hold.</p><p>The officials also said that depositors of New York&#39;s <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>, which was closed Sunday by the New York state financial regulator, would be made whole at no loss to the taxpayer.</p><p>Signature&#39;s shareholders and unsecured debtors will not be protected, and management has been removed, the officials said.</p><p><img src=\"https://static.tigerbbs.com/55e6734dfe59a152aecda5c41da4252d\" tg-width=\"960\" tg-height=\"640\" referrerpolicy=\"no-referrer\"/>A man puts a sign on the door of the Silicon Valley Bank as an onlooker watches at the bank’s headquarters in Santa Clara, California, U.S. March 10, 2023. REUTERS/Nathan Frandino</p><p>Earlier, Yellen had said she was working with banking regulators to respond after SVB became the largest bank to fail since the 2008 financial crisis.</p><p>In March 2020 when the coronavirus pandemic and lockdowns triggered financial panic, the Federal Reserve announced a series of measures to keep credit flowing by lowering borrowing costs and lengthening the terms of its direct loans.</p><p>By the end of that month, use of the Fed&#39;s discount window facility shot up to more than $50 billion.</p><p>Through the middle of last week, before SVB&#39;s collapse, there had been no indications of usage picking up, with Fed data showing weekly outstanding balances of $4 billion to $5 billion since the start of the year.</p><h3>FINDING A BUYER</h3><p>Although the Federal Deposit Insurance Corporation (FDIC) protects deposits of up to $250,000, there have been worries about SVB deposits above that level, one source said, adding that many smaller businesses were at risk of being unable to pay staff.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBNY":"签字银行","IAT":"安硕美国地区银行ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119712805","content_text":"(Reuters) - Silicon Valley Bank  customers will have access to their deposits starting on Monday, U.S. officials said on Sunday, as the federal government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of the tech startup-focused lender.The boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, in consultation with President Joe Biden, approved the FDIC's resolution of SVB, according to a joint statement from U.S. Treasury Secretary Janet Yellen, Fed Chair Jerome Powell and FDIC Chairman Martin Gruenberg on Sunday evening.The move will not lead to losses by American taxpayers and all deposits will be made whole, the statement said.\"Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,\" the statement said. \"This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.\"The Federal Reserve also said Sunday it would make additional funding available through a new Bank Term Funding Program, which would offer loans up to one year to depository institutions, backed by Treasuries and other assets these institutions hold.The officials also said that depositors of New York's Signature Bank, which was closed Sunday by the New York state financial regulator, would be made whole at no loss to the taxpayer.Signature's shareholders and unsecured debtors will not be protected, and management has been removed, the officials said.A man puts a sign on the door of the Silicon Valley Bank as an onlooker watches at the bank’s headquarters in Santa Clara, California, U.S. March 10, 2023. REUTERS/Nathan FrandinoEarlier, Yellen had said she was working with banking regulators to respond after SVB became the largest bank to fail since the 2008 financial crisis.In March 2020 when the coronavirus pandemic and lockdowns triggered financial panic, the Federal Reserve announced a series of measures to keep credit flowing by lowering borrowing costs and lengthening the terms of its direct loans.By the end of that month, use of the Fed's discount window facility shot up to more than $50 billion.Through the middle of last week, before SVB's collapse, there had been no indications of usage picking up, with Fed data showing weekly outstanding balances of $4 billion to $5 billion since the start of the year.FINDING A BUYERAlthough the Federal Deposit Insurance Corporation (FDIC) protects deposits of up to $250,000, there have been worries about SVB deposits above that level, one source said, adding that many smaller businesses were at risk of being unable to pay staff.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949884196,"gmtCreate":1678492181515,"gmtModify":1678492184852,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":21,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949884196","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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\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 $717 million since Wednesday's close, according to analytics firm Ortex.\"The market is tired of companies that do business with unprofitable companies or that are unprofitable themselves,\" said David Trainer, CEO of New Constructs, an investment research firm.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954710646,"gmtCreate":1676624288285,"gmtModify":1676624291002,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BN4.SI\">$KEPPEL CORPORATION LIMITED(BN4.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>Read news that Keppel announces distribution of 19,100 SembMaribe shares for every 1,000 Keppel shares. It is good time&nbsp;to grab it now! 😉","listText":"<a href=\"https://ttm.financial/S/BN4.SI\">$KEPPEL CORPORATION LIMITED(BN4.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>Read news that Keppel announces distribution of 19,100 SembMaribe shares for every 1,000 Keppel shares. It is good time&nbsp;to grab it now! 😉","text":"$KEPPEL CORPORATION LIMITED(BN4.SI)$ Read news that Keppel announces distribution of 19,100 SembMaribe shares for every 1,000 Keppel shares. It is good time to grab it now! 😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/9954710646","isVote":1,"tweetType":1,"viewCount":2306,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4135688490694912","authorId":"4135688490694912","name":"KBWSG","avatar":"https://community-static.tradeup.com/news/6b05dd4eb8763c8708bcba7ded5b661e","crmLevel":2,"crmLevelSwitch":1},"content":"Do we get the $SEMBCORP MARINE LTD(S51.SI)$ distribution if we purchase 1000 $KEPPEL CORPORATION LIMITED(BN4.SI)$ shares from this platform?","text":"Do we get the $SEMBCORP MARINE LTD(S51.SI)$ distribution if we purchase 1000 $KEPPEL CORPORATION LIMITED(BN4.SI)$ shares from this platform?","html":"Do we get the $SEMBCORP MARINE LTD(S51.SI)$ distribution if we purchase 1000 $KEPPEL CORPORATION LIMITED(BN4.SI)$ shares from this platform?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954687854,"gmtCreate":1676329785879,"gmtModify":1676329789496,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":20,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954687854","repostId":"2311688900","repostType":4,"repost":{"id":"2311688900","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":1676323156,"share":"https://www.laohu8.com/m/news/2311688900?lang=&edition=full","pubTime":"2023-02-14 05:19","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Sharply Higher As Investors Eye Inflation Data","url":"https://stock-news.laohu8.com/highlight/detail?id=2311688900","media":"Reuters","summary":"(Reuters) - Wall Street closed sharply higher on Monday as investors awaited inflation data likely t","content":"<html><head></head><body><p>(Reuters) - Wall Street closed sharply higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve&#39;s future interest rate hikes, while <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> gained after a report that the Facebook parent was planning fresh layoffs.</p><p>Meta jumped about 3% after the Financial Times reported on Sunday that the company was preparing to announce a new round of job cuts, adding to layoffs last November.</p><p>Microsoft rose more than 3%, Nvidia gained 2.5%, and Apple and Amazon each rose over 1%. Along with Meta, those tech-related heavyweights contributed more than any other stocks to the S&amp;P 500&#39;s gains during a trading session that saw light volume.</p><p>Helping lift Microsoft, Stifel raised its price target on the software company and said it is clearly looking to upend Alphabet&#39;s Google search dominance through its integration with ChatGPT.</p><p>Investors are laser-focused on January inflation data due on Tuesday to reassess their bets on the central bank&#39;s monetary policy path.</p><p><img src=\"https://static.tigerbbs.com/cd298faa4ee2971772e11e5b9d49e1b3\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Wall Street&#39;s main indexes lost ground last week after Federal Reserve Chair Jerome Powell warned that interest rates may need to move higher than expected in the central bank&#39;s battle against inflation.</p><p>&#34;Today is just a natural reaction in the opposite direction after we&#39;ve seen very heavy selling pressure,&#34; said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta.</p><p>Ten of the 11 S&amp;P 500 sector indexes rose, led by information technology, up 1.77%, followed by a 1.46% gain in consumer discretionary. The energy index dipped 0.6%.</p><p>The S&amp;P 500 climbed 1.15% to end the session at 4,137.32 points.</p><p>The Nasdaq gained 1.48% to 11,891.79 points, while the Dow Jones Industrial Average rose 1.11% to 34,246.13 points.</p><p>However, volume on U.S. exchanges was relatively light, with 9.5 billion shares traded, compared to an average of 11.9 billion shares over the previous 20 sessions.</p><p>So far in this year, the S&amp;P 500 has gained about 8%, and the index remains down about 14% from its record high close in January 2022.</p><p>Fidelity National Information Services Inc plunged 12.5% following the banking and payments processing conglomerate&#39;s decision to spin off its merchant payments business.</p><p>Coca-Cola rose 1.6% ahead of its quarterly report due out early on Tuesday.</p><p>As U.S. quarterly earnings reports wind down, 69% of the S&amp;P 500 firms that have reported results so far have exceeded profit expectations, according to Refinitiv data. Analysts expect December-quarter earnings to have fallen nearly 3% from a year earlier.</p><p>Across the U.S. stock market, advancing stocks outnumbered falling ones by a 2.5-to-one ratio.</p><p>The S&amp;P 500 posted four new highs and no new lows; the Nasdaq recorded 80 new highs and 59 new lows.</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 Sharply Higher As Investors Eye Inflation Data</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 Sharply Higher As Investors Eye Inflation Data\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\">2023-02-14 05:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Wall Street closed sharply higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve&#39;s future interest rate hikes, while <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> gained after a report that the Facebook parent was planning fresh layoffs.</p><p>Meta jumped about 3% after the Financial Times reported on Sunday that the company was preparing to announce a new round of job cuts, adding to layoffs last November.</p><p>Microsoft rose more than 3%, Nvidia gained 2.5%, and Apple and Amazon each rose over 1%. Along with Meta, those tech-related heavyweights contributed more than any other stocks to the S&amp;P 500&#39;s gains during a trading session that saw light volume.</p><p>Helping lift Microsoft, Stifel raised its price target on the software company and said it is clearly looking to upend Alphabet&#39;s Google search dominance through its integration with ChatGPT.</p><p>Investors are laser-focused on January inflation data due on Tuesday to reassess their bets on the central bank&#39;s monetary policy path.</p><p><img src=\"https://static.tigerbbs.com/cd298faa4ee2971772e11e5b9d49e1b3\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Wall Street&#39;s main indexes lost ground last week after Federal Reserve Chair Jerome Powell warned that interest rates may need to move higher than expected in the central bank&#39;s battle against inflation.</p><p>&#34;Today is just a natural reaction in the opposite direction after we&#39;ve seen very heavy selling pressure,&#34; said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta.</p><p>Ten of the 11 S&amp;P 500 sector indexes rose, led by information technology, up 1.77%, followed by a 1.46% gain in consumer discretionary. The energy index dipped 0.6%.</p><p>The S&amp;P 500 climbed 1.15% to end the session at 4,137.32 points.</p><p>The Nasdaq gained 1.48% to 11,891.79 points, while the Dow Jones Industrial Average rose 1.11% to 34,246.13 points.</p><p>However, volume on U.S. exchanges was relatively light, with 9.5 billion shares traded, compared to an average of 11.9 billion shares over the previous 20 sessions.</p><p>So far in this year, the S&amp;P 500 has gained about 8%, and the index remains down about 14% from its record high close in January 2022.</p><p>Fidelity National Information Services Inc plunged 12.5% following the banking and payments processing conglomerate&#39;s decision to spin off its merchant payments business.</p><p>Coca-Cola rose 1.6% ahead of its quarterly report due out early on Tuesday.</p><p>As U.S. quarterly earnings reports wind down, 69% of the S&amp;P 500 firms that have reported results so far have exceeded profit expectations, according to Refinitiv data. Analysts expect December-quarter earnings to have fallen nearly 3% from a year earlier.</p><p>Across the U.S. stock market, advancing stocks outnumbered falling ones by a 2.5-to-one ratio.</p><p>The S&amp;P 500 posted four new highs and no new lows; the Nasdaq recorded 80 new highs and 59 new lows.</p></body></html>\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":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2311688900","content_text":"(Reuters) - Wall Street closed sharply higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report that the Facebook parent was planning fresh layoffs.Meta jumped about 3% after the Financial Times reported on Sunday that the company was preparing to announce a new round of job cuts, adding to layoffs last November.Microsoft rose more than 3%, Nvidia gained 2.5%, and Apple and Amazon each rose over 1%. Along with Meta, those tech-related heavyweights contributed more than any other stocks to the S&P 500's gains during a trading session that saw light volume.Helping lift Microsoft, Stifel raised its price target on the software company and said it is clearly looking to upend Alphabet's Google search dominance through its integration with ChatGPT.Investors are laser-focused on January inflation data due on Tuesday to reassess their bets on the central bank's monetary policy path.Wall Street's main indexes lost ground last week after Federal Reserve Chair Jerome Powell warned that interest rates may need to move higher than expected in the central bank's battle against inflation.\"Today is just a natural reaction in the opposite direction after we've seen very heavy selling pressure,\" said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta.Ten of the 11 S&P 500 sector indexes rose, led by information technology, up 1.77%, followed by a 1.46% gain in consumer discretionary. The energy index dipped 0.6%.The S&P 500 climbed 1.15% to end the session at 4,137.32 points.The Nasdaq gained 1.48% to 11,891.79 points, while the Dow Jones Industrial Average rose 1.11% to 34,246.13 points.However, volume on U.S. exchanges was relatively light, with 9.5 billion shares traded, compared to an average of 11.9 billion shares over the previous 20 sessions.So far in this year, the S&P 500 has gained about 8%, and the index remains down about 14% from its record high close in January 2022.Fidelity National Information Services Inc plunged 12.5% following the banking and payments processing conglomerate's decision to spin off its merchant payments business.Coca-Cola rose 1.6% ahead of its quarterly report due out early on Tuesday.As U.S. quarterly earnings reports wind down, 69% of the S&P 500 firms that have reported results so far have exceeded profit expectations, according to Refinitiv data. Analysts expect December-quarter earnings to have fallen nearly 3% from a year earlier.Across the U.S. stock market, advancing stocks outnumbered falling ones by a 2.5-to-one ratio.The S&P 500 posted four new highs and no new lows; the Nasdaq recorded 80 new highs and 59 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":13,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949768542,"gmtCreate":1678896296587,"gmtModify":1678896299166,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949768542","repostId":"1123603567","repostType":4,"repost":{"id":"1123603567","pubTimestamp":1678891090,"share":"https://www.laohu8.com/m/news/1123603567?lang=&edition=full","pubTime":"2023-03-15 22:38","market":"us","language":"en","title":"72 Hours in Washington: How the Frenzied SVB Rescue Took Shape","url":"https://stock-news.laohu8.com/highlight/detail?id=1123603567","media":"Bloomberg","summary":"Haunted by the fallout from the 2008 financial crisis, President Biden told aides that no taxpayer m","content":"<html><head></head><body><p></p><p>Haunted by the fallout from the 2008 financial crisis, President Biden told aides that no taxpayer money should be used.</p><p><img src=\"https://static.tigerbbs.com/62b0106b55e7e70bbac5760b5f522f56\" tg-width=\"800\" tg-height=\"545\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>It was approaching midnight in Washington and 9 p.m. in Santa Clara, California. The news was bad—and getting worse. Everyone from President Joe Biden on down was getting acrash courseonSilicon Valley Bank, the once-obscure tech lender that has now cast abig shadow over the financial markets.</p><p>At the White House and the US Department of the Treasury next door, bleary-eyed officials were racing to prevent the trouble at SVB from exploding into a full-blown banking crisis. A block west at the Federal Deposit Insurance Corp., regulators were arguing about what to do. Over at the Gridiron Club dinner, Washington’s annual see-and-be-seen white-tie journalism roast, a marquee guest, Federal Reserve Chair Jerome Powell, was conspicuously absent.</p><p>That Saturday, March 11, the fate of techdom’s preeminent bank—and with it, some feared, the future of the global economy—was being gamed out in Washington. Over the next 24 hours, almost everyone in the financial industry would be on tenterhooks as federal officials raced to complete a rescue before Asian markets opened Sunday night.</p><p>Almost a week later, the implications of the SVB fiasco, thesecond-biggest bank failure in US history, are still coming into focus. Questions keep piling up. How could SVB, a favorite of venture capitalists and unicorn startups, succumb to arun in the smartphone age? Why hadn’t banking regulators seen this coming?</p><p>Federal authorities want answers, too. The Department of Justice and the Securities and Exchange Commission haveopened investigationsinto the collapse. One potential focus:sales of SVB stockin the weeks before the failure by Greg Becker, chief executive officer of the bank’s parent company. Biden, meanwhile, has pledged a push totighten banking rules, which the Fed is already considering doing for midsize institutions like SVB.</p><p>This much is sure: All these years later, Washington is still haunted by the Wall Street fiascoes that triggered the Great Recession. The colossal bank bailouts of that era saved the economy, but they also rankled ordinary Americans, gave birth to the Tea Party movement on the right and Occupy Wall Street on the left, and transformed US politics. Backlash to the bailouts died down, but the resentment never really went away. It may have ultimately helped Donald Trump win the White House in 2016, some political scientists havesaid.</p><p>Which is probably why President Biden has been reluctant to even say the word “bailout.” He vowed on March 13 that “no losses will be borne by the taxpayers.” For the time being, Biden is right. This doesn’t look like aLehman momentthat could upend the whole economy. But it<i>does</i>look likea Bear Stearns one—a smaller debacle pointing to more pain to come, in this case, because of the sharp rise in interest rates that triggered SVB’s problems and are still roiling the financial system.</p><p>Federal authorities have taken the extraordinary step ofguaranteeing all deposits at SVBand opening a broaderemergency lending program. By midweek, the fix was holding. If it doesn’t, the next move might have to be a suspension of the$250,000 limit on federal deposit insurance.</p><p>Policymakers, venture capitalists, banking executives and tech entrepreneurs are all struggling to figure out the next steps. SVB’s failure has changed the conversation about banking and the regulators who oversee it. Suddenly, everyone is thinking about other risks that might be lurking. On March 14,Moody’s Investors Service cut its outlook for the entire US banking system, to negative from stable, citing the run on deposits at SVB. Two other lenders have gone bust, too: crypto playersSilvergate Capital Corp.andSignature Bank.</p><p>The death spiral at SVB began with credit ratings. In early March, Moody’s informed the bank it was considering a multilevel downgrade that would have pushed it to the brink of junk-bond status. In response, Goldman Sachs Group Inc., hired by SVB to help it raise fresh capital, jumped into action. It offloaded a chunk of SVB’s investment portfolio at a $1.8 billion loss. On Wednesday, March 8, Goldman pitched a plan to investors to help plug that hole, and then some, by raising $2.25 billion in capital fromGeneral Atlanticand other investors. Itdidn’t work.</p><p>“The Catch-22 of the situation is that, by announcing the need to raise capital, they in essence accelerated customer concern, resulting in the liquidity stress that ultimately caused their collapse,” says Olivier Sarkozy, managing partner atFurther Global, a private equity firm. “It would have been far better to announce the $2.25 billion they were seeking had been secured.”</p><p>In the bankers’ view, they were racing the clock to defuse the Moody’s threat. That didn’t leave them enough time to canvass the market, line up the funding and present a neatly put-together deal. Then CEO Becker held what turned out to be a disastrous call with VCs and limited partners. “Stay calm,” he said. It was too late. Bankers tapping away at their phones watched, aghast, as social media lit up with reports of a viral bank run.</p><p>By 3 p.m. the next day, Thursday, March 9, the news out of Santa Clarahad reached the White House. Such high-profile venture firms asUnion Square Venturesand thePeter Thiel-backedFounders Fundhad already been encouraging the companies they invested in to yank their deposits, almost all of which were uninsured because they exceeded the $250,000 limit on federal guarantees. Founders Fund haddrained its own accountsfrom the bank by midday.</p><p>The message was echoed by other VC titans.Bookface, an internal social network for founders of companies backed by the startup acceleratorY Combinator, was abuzz, as was a messenger threadof more than 1,000 founders fromAndreessen Horowitz, with many encouraging each other to pull cash from the bank. By day’s end, depositors had tried to withdraw $42 billion.</p><p>Silicon Valley bigs—many with a libertarian, get-government-off-our-backs bent—quickly looked to Washington. They implored the administration to step in and rescue depositors, or risk having banks topple like dominoes. On Friday morning, March 10, the new White House Chief of Staff Jeff Zients and Lael Brainard, the former Fed vice chair who’djust becomedirector of Biden’s National Economic Council, went to the Oval Office to brief the president. They told him there was potential for the bank to be shut down—as it was later that day, even before the close of financial markets—and that there was a possibility of contagion, according to a source familiar with the discussion.</p><p>From dawn to midnight the following day, Zients, Brainard and other aides working in the White House’s West Wing developed a set of options. By Saturday afternoon, it was clear that regulators would probably need to take action to prevent contagion. When Treasury Secretary Janet Yellen and top aides briefed Biden on the options, he was adamant: The federal government stood ready to protect depositors, small businesses and employees. Executives and investors could take their lumps. He didn’t want taxpayers to be on the hook, and any deal had to include firing management.</p><p>In the Bay Area, Iba Masood was struggling to make sense of it all. Masood, the co-founder and CEO of a tech startup calledTara.AI, had raised $14 million from investors. And she’d parked every penny of the company’s money at SVB. Masood began firing off emails and texts—hundreds and hundreds of them, until her carpal tunnel flared up. Tara.AI, she told her investors, was facing a perilous squeeze. She hopped in her C300 Mercedes-Benz and raced through a driving rainstorm to a Bank of America branch. Drenched, she hastily opened a corporate account. She felt good, she said, confident. She’d wake up the next morning and have the money in the new account.</p><p>But there was no next morning for SVB. It was too late. The money was frozen.</p><p>Trae Stephens, a partner at Founders Fund, said the firm had had a long, fruitful relationship with SVB. But that long, fruitful relationship wasn’t going to help Thiel’s firm honor its fiduciary duty to look out for its backers and limited partners. And it wasn’t going to help all those startups make payroll.</p><p>“The most inconvenient thing about the situation last week was actually the name of the bank. It got instantly politicized,” Stephens said in aMarch 14 interview on Bloomberg Television. To him, the idea that Washington had somehow bailed out rich VCs and techies is hogwash. “The government did what it needed to protect and shore up these smaller regional banks, to ensure there weren’t any further runs. It seems like they acted quickly—and did the right thing.”</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>72 Hours in Washington: How the Frenzied SVB Rescue Took Shape</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\">\n72 Hours in Washington: How the Frenzied SVB Rescue Took Shape\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-15 22:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-15/svb-bailout-shaped-by-biden-administration-over-72-hours?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Haunted by the fallout from the 2008 financial crisis, President Biden told aides that no taxpayer money should be used.It was approaching midnight in Washington and 9 p.m. in Santa Clara, California....</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-15/svb-bailout-shaped-by-biden-administration-over-72-hours?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PACW":"西太平洋合众银行","WAL":"阿莱恩斯西部银行","SBNY":"签字银行"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-15/svb-bailout-shaped-by-biden-administration-over-72-hours?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123603567","content_text":"Haunted by the fallout from the 2008 financial crisis, President Biden told aides that no taxpayer money should be used.It was approaching midnight in Washington and 9 p.m. in Santa Clara, California. The news was bad—and getting worse. Everyone from President Joe Biden on down was getting acrash courseonSilicon Valley Bank, the once-obscure tech lender that has now cast abig shadow over the financial markets.At the White House and the US Department of the Treasury next door, bleary-eyed officials were racing to prevent the trouble at SVB from exploding into a full-blown banking crisis. A block west at the Federal Deposit Insurance Corp., regulators were arguing about what to do. Over at the Gridiron Club dinner, Washington’s annual see-and-be-seen white-tie journalism roast, a marquee guest, Federal Reserve Chair Jerome Powell, was conspicuously absent.That Saturday, March 11, the fate of techdom’s preeminent bank—and with it, some feared, the future of the global economy—was being gamed out in Washington. Over the next 24 hours, almost everyone in the financial industry would be on tenterhooks as federal officials raced to complete a rescue before Asian markets opened Sunday night.Almost a week later, the implications of the SVB fiasco, thesecond-biggest bank failure in US history, are still coming into focus. Questions keep piling up. How could SVB, a favorite of venture capitalists and unicorn startups, succumb to arun in the smartphone age? Why hadn’t banking regulators seen this coming?Federal authorities want answers, too. The Department of Justice and the Securities and Exchange Commission haveopened investigationsinto the collapse. One potential focus:sales of SVB stockin the weeks before the failure by Greg Becker, chief executive officer of the bank’s parent company. Biden, meanwhile, has pledged a push totighten banking rules, which the Fed is already considering doing for midsize institutions like SVB.This much is sure: All these years later, Washington is still haunted by the Wall Street fiascoes that triggered the Great Recession. The colossal bank bailouts of that era saved the economy, but they also rankled ordinary Americans, gave birth to the Tea Party movement on the right and Occupy Wall Street on the left, and transformed US politics. Backlash to the bailouts died down, but the resentment never really went away. It may have ultimately helped Donald Trump win the White House in 2016, some political scientists havesaid.Which is probably why President Biden has been reluctant to even say the word “bailout.” He vowed on March 13 that “no losses will be borne by the taxpayers.” For the time being, Biden is right. This doesn’t look like aLehman momentthat could upend the whole economy. But itdoeslook likea Bear Stearns one—a smaller debacle pointing to more pain to come, in this case, because of the sharp rise in interest rates that triggered SVB’s problems and are still roiling the financial system.Federal authorities have taken the extraordinary step ofguaranteeing all deposits at SVBand opening a broaderemergency lending program. By midweek, the fix was holding. If it doesn’t, the next move might have to be a suspension of the$250,000 limit on federal deposit insurance.Policymakers, venture capitalists, banking executives and tech entrepreneurs are all struggling to figure out the next steps. SVB’s failure has changed the conversation about banking and the regulators who oversee it. Suddenly, everyone is thinking about other risks that might be lurking. On March 14,Moody’s Investors Service cut its outlook for the entire US banking system, to negative from stable, citing the run on deposits at SVB. Two other lenders have gone bust, too: crypto playersSilvergate Capital Corp.andSignature Bank.The death spiral at SVB began with credit ratings. In early March, Moody’s informed the bank it was considering a multilevel downgrade that would have pushed it to the brink of junk-bond status. In response, Goldman Sachs Group Inc., hired by SVB to help it raise fresh capital, jumped into action. It offloaded a chunk of SVB’s investment portfolio at a $1.8 billion loss. On Wednesday, March 8, Goldman pitched a plan to investors to help plug that hole, and then some, by raising $2.25 billion in capital fromGeneral Atlanticand other investors. Itdidn’t work.“The Catch-22 of the situation is that, by announcing the need to raise capital, they in essence accelerated customer concern, resulting in the liquidity stress that ultimately caused their collapse,” says Olivier Sarkozy, managing partner atFurther Global, a private equity firm. “It would have been far better to announce the $2.25 billion they were seeking had been secured.”In the bankers’ view, they were racing the clock to defuse the Moody’s threat. That didn’t leave them enough time to canvass the market, line up the funding and present a neatly put-together deal. Then CEO Becker held what turned out to be a disastrous call with VCs and limited partners. “Stay calm,” he said. It was too late. Bankers tapping away at their phones watched, aghast, as social media lit up with reports of a viral bank run.By 3 p.m. the next day, Thursday, March 9, the news out of Santa Clarahad reached the White House. Such high-profile venture firms asUnion Square Venturesand thePeter Thiel-backedFounders Fundhad already been encouraging the companies they invested in to yank their deposits, almost all of which were uninsured because they exceeded the $250,000 limit on federal guarantees. Founders Fund haddrained its own accountsfrom the bank by midday.The message was echoed by other VC titans.Bookface, an internal social network for founders of companies backed by the startup acceleratorY Combinator, was abuzz, as was a messenger threadof more than 1,000 founders fromAndreessen Horowitz, with many encouraging each other to pull cash from the bank. By day’s end, depositors had tried to withdraw $42 billion.Silicon Valley bigs—many with a libertarian, get-government-off-our-backs bent—quickly looked to Washington. They implored the administration to step in and rescue depositors, or risk having banks topple like dominoes. On Friday morning, March 10, the new White House Chief of Staff Jeff Zients and Lael Brainard, the former Fed vice chair who’djust becomedirector of Biden’s National Economic Council, went to the Oval Office to brief the president. They told him there was potential for the bank to be shut down—as it was later that day, even before the close of financial markets—and that there was a possibility of contagion, according to a source familiar with the discussion.From dawn to midnight the following day, Zients, Brainard and other aides working in the White House’s West Wing developed a set of options. By Saturday afternoon, it was clear that regulators would probably need to take action to prevent contagion. When Treasury Secretary Janet Yellen and top aides briefed Biden on the options, he was adamant: The federal government stood ready to protect depositors, small businesses and employees. Executives and investors could take their lumps. He didn’t want taxpayers to be on the hook, and any deal had to include firing management.In the Bay Area, Iba Masood was struggling to make sense of it all. Masood, the co-founder and CEO of a tech startup calledTara.AI, had raised $14 million from investors. And she’d parked every penny of the company’s money at SVB. Masood began firing off emails and texts—hundreds and hundreds of them, until her carpal tunnel flared up. Tara.AI, she told her investors, was facing a perilous squeeze. She hopped in her C300 Mercedes-Benz and raced through a driving rainstorm to a Bank of America branch. Drenched, she hastily opened a corporate account. She felt good, she said, confident. She’d wake up the next morning and have the money in the new account.But there was no next morning for SVB. It was too late. The money was frozen.Trae Stephens, a partner at Founders Fund, said the firm had had a long, fruitful relationship with SVB. But that long, fruitful relationship wasn’t going to help Thiel’s firm honor its fiduciary duty to look out for its backers and limited partners. And it wasn’t going to help all those startups make payroll.“The most inconvenient thing about the situation last week was actually the name of the bank. It got instantly politicized,” Stephens said in aMarch 14 interview on Bloomberg Television. To him, the idea that Washington had somehow bailed out rich VCs and techies is hogwash. “The government did what it needed to protect and shore up these smaller regional banks, to ensure there weren’t any further runs. It seems like they acted quickly—and did the right thing.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}