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2023-09-15

ARM only jumped ～2.8% after-hour😅 not 28%

SoftBank's Arm Soars Nearly 25% in Market Debut to $65 Billion Valuation

2023-05-30

They are the definite fortune because they livein US😁😁 See what happened to those chinese billionaires who based their business in the mainland china during the past 3 years😁😁

31 Billionaires Are Worth More Than the US Treasury Has in Cash

2023-03-29

Why never mention how they helped chinese dodge taxes😁😈

Credit Suisse Whistleblowers Say Swiss Bank Has Been Helping Wealthy Americans Dodge U.S. Taxes for Years

Go to Tiger App to see more news

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The IPO had priced at $51.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26f6cb26a7d02948dc53b227aa55b62b\" title=\"\" tg-width=\"852\" tg-height=\"618\"/></p><p>The shares jumped another 2.8% in extended trading Thursday.</p><p>Arm&#39;s strong performance suggests that investor demand for initial public offerings, which had been hit hard over the last two years by geopolitical tensions and higher interest rates, may be on the rebound, market participants said.</p><p style=\"text-align: start;\">&#34;It is a successful IPO,&#34; said Salman Malik, partner at Anson Funds in Toronto. &#34;It will have a positive impact on the IPO pipeline and shows the AI theme is alive and kicking.&#34;</p><p>Several companies are scheduled to go public in coming weeks, including grocery delivery service Instacart, German footwear maker Birkenstock, and marketing automation platform Klaviyo.</p><p style=\"text-align: start;\">If those IPOs succeed, they will likely trigger a wave of stock market launches in 2024, bankers and analysts said.</p><p style=\"text-align: start;\">Arm secured a valuation of $54.5 billion on Wednesday after pricing its IPO at the top end of the marketed range, netting $4.87 billion for SoftBank, which still holds a 90.6% stake.</p><p>The Japanese investment giant took Arm private in 2016 for $32 billion. It has been looking to cash out some of its stake since at least 2020, when it agreed to sell Arm to chipmaker Nvidia (NVDA.O) in a $40 billion deal. It had to abandon that plan due to regulatory roadblocks.</p><p style=\"text-align: start;\">Since then it has pivoted towards an IPO, though that also came with its own hurdles, including run-ins with the British government which was campaigning for the chip designer to list in London.</p><p style=\"text-align: start;\">Despite a strong showing on Thursday, Arm&#39;s debut marks a climb-down from the $64 billion it was valued at last month when SoftBank bought the 25% stake of Arm it did not directly own from its Vision Fund unit.</p><p style=\"text-align: start;\">But that has not dampened SoftBank CEO Masayoshi Son&#39;s enthusiasm for Arm, the chip designer&#39;s Chief Financial Officer Jason Child said in an interview on Thursday.</p><p style=\"text-align: start;\">&#34;He is quite bullish on the company. The price today or even in the near term isn&#39;t really his focus, the focus is where&#39;s the price gonna be in the in the future.&#34;</p><p style=\"text-align: start;\">Arm is indispensable in the tech hardware ecosystem as its chip designs power nearly every smartphone in the world. It disclosed last month that its annual revenue had dropped 1% as its two largest markets - smartphones and personal computers - slumped.</p><p style=\"text-align: start;\">Child said Arm can still boost sales as it was reaping a 5% royalty rate on chips made with the newest technology versus 3% with the previous version. Premium phones are more likely to use Arm&#39;s most advanced technology.</p><p style=\"text-align: start;\">The closest valuation comparison to Arm is circuit designer Cadence Design Systems, said some bankers who have worked on the IPO. Cadence trades at 35 times of 2025 earnings, while Arm at $51 per share trades at 29 times earnings.</p><h2 id=\"id_1403827317\" style=\"text-align: start;\">&#39;HUMILITY&#39;</h2><p style=\"text-align: start;\">Investors have over the last year begun to pay more attention to profitability, shunning cash-burning startups that had in 2021 fetched lofty valuations on the back of a record year for deals.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f1968cbbb853c93aace1b013301977bf\" title=\"Reuters Graphics\" tg-width=\"1420\" tg-height=\"362\"/><span>Reuters Graphics</span></p><p style=\"text-align: start;\">The 10 biggest U.S. IPOs of the past four years are down an average of 47% from the closing price on their first day of trading, the analysis of LSEG data as of Friday showed.</p><p style=\"text-align: start;\">Investors who bought at the top of an intra-day price surge that often occurs in high-profile listings would have fared even worse, with an average loss of 53%.</p><p style=\"text-align: start;\">&#34;The deal was priced within its range, which tells me that investors are price sensitive and boards and investment banks are showing a little bit of humility,&#34; said Jordan Stuart, a portfolio manager at Federated Hermes.</p><p style=\"text-align: start;\">While Arm&#39;s strong debut will likely encourage other technology companies to move forward with their IPOs, it does not likely signal a return to the frothy market of 2021, Stuart said.</p><p style=\"text-align: start;\">Sectors such as biotech will likely remain dormant for the next one to two years until interest rates begin to fall, making stocks more attractive relative to bonds, he said.</p><p style=\"text-align: start;\">&#34;You will see not only a discernment among investors but some sectors completely absent from the market until the rate regime changes.&#34;</p><h2 id=\"id_980447836\" style=\"text-align: start;\">NASDAQ SCORES</h2><p style=\"text-align: start;\">Arm&#39;s debut also gives the Nasdaq, which won the listing, a potential boost to future revenue growth.</p><p style=\"text-align: start;\">Large deals like Arm provide the Nasdaq with short-term publicity and is a long-term bet to boost recurring revenue the exchange collects from annual listing fees, analysts said.</p><p style=\"text-align: start;\">&#34;Anytime it (Nasdaq) gets a new listed company, it&#39;s able to drive revenue not just through the listing, but also through the other services that it sells to these listed companies on their exchange,&#34; said Andrew Bond, managing director and senior fintech analyst, at Rosenblatt Securities.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f7c7bda7b1abf587cdfd13d24cff202a\" title=\"Reuters Graphics\" tg-width=\"776\" tg-height=\"582\"/><span>Reuters Graphics</span></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>SoftBank's Arm Soars Nearly 25% in Market Debut to $65 Billion Valuation</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\">\nSoftBank's Arm Soars Nearly 25% in Market Debut to $65 Billion Valuation\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\">2023-09-15 06:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Sept 14 (Reuters) - Shares in SoftBank&#39;s Arm Holdings soared almost 25% above their Nasdaq debut price on Thursday, rekindling investor hopes for a turnaround in the moribund market for initial public offerings (IPO).</p><p style=\"text-align: start;\">The stock, which had opened at $56.10, notched a 24.69% gain to close at $63.59, giving the British chip designer a valuation of $65 billion in its return to public markets following a seven-year absence. The IPO had priced at $51.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26f6cb26a7d02948dc53b227aa55b62b\" title=\"\" tg-width=\"852\" tg-height=\"618\"/></p><p>The shares jumped another 2.8% in extended trading Thursday.</p><p>Arm&#39;s strong performance suggests that investor demand for initial public offerings, which had been hit hard over the last two years by geopolitical tensions and higher interest rates, may be on the rebound, market participants said.</p><p style=\"text-align: start;\">&#34;It is a successful IPO,&#34; said Salman Malik, partner at Anson Funds in Toronto. &#34;It will have a positive impact on the IPO pipeline and shows the AI theme is alive and kicking.&#34;</p><p>Several companies are scheduled to go public in coming weeks, including grocery delivery service Instacart, German footwear maker Birkenstock, and marketing automation platform Klaviyo.</p><p style=\"text-align: start;\">If those IPOs succeed, they will likely trigger a wave of stock market launches in 2024, bankers and analysts said.</p><p style=\"text-align: start;\">Arm secured a valuation of $54.5 billion on Wednesday after pricing its IPO at the top end of the marketed range, netting $4.87 billion for SoftBank, which still holds a 90.6% stake.</p><p>The Japanese investment giant took Arm private in 2016 for $32 billion. It has been looking to cash out some of its stake since at least 2020, when it agreed to sell Arm to chipmaker Nvidia (NVDA.O) in a $40 billion deal. It had to abandon that plan due to regulatory roadblocks.</p><p style=\"text-align: start;\">Since then it has pivoted towards an IPO, though that also came with its own hurdles, including run-ins with the British government which was campaigning for the chip designer to list in London.</p><p style=\"text-align: start;\">Despite a strong showing on Thursday, Arm&#39;s debut marks a climb-down from the $64 billion it was valued at last month when SoftBank bought the 25% stake of Arm it did not directly own from its Vision Fund unit.</p><p style=\"text-align: start;\">But that has not dampened SoftBank CEO Masayoshi Son&#39;s enthusiasm for Arm, the chip designer&#39;s Chief Financial Officer Jason Child said in an interview on Thursday.</p><p style=\"text-align: start;\">&#34;He is quite bullish on the company. The price today or even in the near term isn&#39;t really his focus, the focus is where&#39;s the price gonna be in the in the future.&#34;</p><p style=\"text-align: start;\">Arm is indispensable in the tech hardware ecosystem as its chip designs power nearly every smartphone in the world. It disclosed last month that its annual revenue had dropped 1% as its two largest markets - smartphones and personal computers - slumped.</p><p style=\"text-align: start;\">Child said Arm can still boost sales as it was reaping a 5% royalty rate on chips made with the newest technology versus 3% with the previous version. Premium phones are more likely to use Arm&#39;s most advanced technology.</p><p style=\"text-align: start;\">The closest valuation comparison to Arm is circuit designer Cadence Design Systems, said some bankers who have worked on the IPO. Cadence trades at 35 times of 2025 earnings, while Arm at $51 per share trades at 29 times earnings.</p><h2 id=\"id_1403827317\" style=\"text-align: start;\">&#39;HUMILITY&#39;</h2><p style=\"text-align: start;\">Investors have over the last year begun to pay more attention to profitability, shunning cash-burning startups that had in 2021 fetched lofty valuations on the back of a record year for deals.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f1968cbbb853c93aace1b013301977bf\" title=\"Reuters Graphics\" tg-width=\"1420\" tg-height=\"362\"/><span>Reuters Graphics</span></p><p style=\"text-align: start;\">The 10 biggest U.S. IPOs of the past four years are down an average of 47% from the closing price on their first day of trading, the analysis of LSEG data as of Friday showed.</p><p style=\"text-align: start;\">Investors who bought at the top of an intra-day price surge that often occurs in high-profile listings would have fared even worse, with an average loss of 53%.</p><p style=\"text-align: start;\">&#34;The deal was priced within its range, which tells me that investors are price sensitive and boards and investment banks are showing a little bit of humility,&#34; said Jordan Stuart, a portfolio manager at Federated Hermes.</p><p style=\"text-align: start;\">While Arm&#39;s strong debut will likely encourage other technology companies to move forward with their IPOs, it does not likely signal a return to the frothy market of 2021, Stuart said.</p><p style=\"text-align: start;\">Sectors such as biotech will likely remain dormant for the next one to two years until interest rates begin to fall, making stocks more attractive relative to bonds, he said.</p><p style=\"text-align: start;\">&#34;You will see not only a discernment among investors but some sectors completely absent from the market until the rate regime changes.&#34;</p><h2 id=\"id_980447836\" style=\"text-align: start;\">NASDAQ SCORES</h2><p style=\"text-align: start;\">Arm&#39;s debut also gives the Nasdaq, which won the listing, a potential boost to future revenue growth.</p><p style=\"text-align: start;\">Large deals like Arm provide the Nasdaq with short-term publicity and is a long-term bet to boost recurring revenue the exchange collects from annual listing fees, analysts said.</p><p style=\"text-align: start;\">&#34;Anytime it (Nasdaq) gets a new listed company, it&#39;s able to drive revenue not just through the listing, but also through the other services that it sells to these listed companies on their exchange,&#34; said Andrew Bond, managing director and senior fintech analyst, at Rosenblatt Securities.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f7c7bda7b1abf587cdfd13d24cff202a\" title=\"Reuters Graphics\" tg-width=\"776\" tg-height=\"582\"/><span>Reuters Graphics</span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4132":"无线电信业务","ARM":"ARM Holdings Ltd"},"source_url":"https://news.google.com/rss/articles/CBMiZmh0dHBzOi8vd3d3LnJldXRlcnMuY29tL21hcmtldHMvZGVhbHMvc29mdGJhbmtzLWFybS1zZXQtZGVidXQtbmFzZGFxLWFmdGVyLWJsb2NrYnVzdGVyLWlwby0yMDIzLTA5LTE0L9IBAA?oc=5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2367653232","content_text":"Sept 14 (Reuters) - Shares in SoftBank's Arm Holdings soared almost 25% above their Nasdaq debut price on Thursday, rekindling investor hopes for a turnaround in the moribund market for initial public offerings (IPO).The stock, which had opened at $56.10, notched a 24.69% gain to close at $63.59, giving the British chip designer a valuation of $65 billion in its return to public markets following a seven-year absence. The IPO had priced at $51.The shares jumped another 2.8% in extended trading Thursday.Arm's strong performance suggests that investor demand for initial public offerings, which had been hit hard over the last two years by geopolitical tensions and higher interest rates, may be on the rebound, market participants said.\"It is a successful IPO,\" said Salman Malik, partner at Anson Funds in Toronto. \"It will have a positive impact on the IPO pipeline and shows the AI theme is alive and kicking.\"Several companies are scheduled to go public in coming weeks, including grocery delivery service Instacart, German footwear maker Birkenstock, and marketing automation platform Klaviyo.If those IPOs succeed, they will likely trigger a wave of stock market launches in 2024, bankers and analysts said.Arm secured a valuation of $54.5 billion on Wednesday after pricing its IPO at the top end of the marketed range, netting $4.87 billion for SoftBank, which still holds a 90.6% stake.The Japanese investment giant took Arm private in 2016 for $32 billion. It has been looking to cash out some of its stake since at least 2020, when it agreed to sell Arm to chipmaker Nvidia (NVDA.O) in a $40 billion deal. It had to abandon that plan due to regulatory roadblocks.Since then it has pivoted towards an IPO, though that also came with its own hurdles, including run-ins with the British government which was campaigning for the chip designer to list in London.Despite a strong showing on Thursday, Arm's debut marks a climb-down from the $64 billion it was valued at last month when SoftBank bought the 25% stake of Arm it did not directly own from its Vision Fund unit.But that has not dampened SoftBank CEO Masayoshi Son's enthusiasm for Arm, the chip designer's Chief Financial Officer Jason Child said in an interview on Thursday.\"He is quite bullish on the company. The price today or even in the near term isn't really his focus, the focus is where's the price gonna be in the in the future.\"Arm is indispensable in the tech hardware ecosystem as its chip designs power nearly every smartphone in the world. It disclosed last month that its annual revenue had dropped 1% as its two largest markets - smartphones and personal computers - slumped.Child said Arm can still boost sales as it was reaping a 5% royalty rate on chips made with the newest technology versus 3% with the previous version. Premium phones are more likely to use Arm's most advanced technology.The closest valuation comparison to Arm is circuit designer Cadence Design Systems, said some bankers who have worked on the IPO. Cadence trades at 35 times of 2025 earnings, while Arm at $51 per share trades at 29 times earnings.'HUMILITY'Investors have over the last year begun to pay more attention to profitability, shunning cash-burning startups that had in 2021 fetched lofty valuations on the back of a record year for deals.Reuters GraphicsThe 10 biggest U.S. IPOs of the past four years are down an average of 47% from the closing price on their first day of trading, the analysis of LSEG data as of Friday showed.Investors who bought at the top of an intra-day price surge that often occurs in high-profile listings would have fared even worse, with an average loss of 53%.\"The deal was priced within its range, which tells me that investors are price sensitive and boards and investment banks are showing a little bit of humility,\" said Jordan Stuart, a portfolio manager at Federated Hermes.While Arm's strong debut will likely encourage other technology companies to move forward with their IPOs, it does not likely signal a return to the frothy market of 2021, Stuart said.Sectors such as biotech will likely remain dormant for the next one to two years until interest rates begin to fall, making stocks more attractive relative to bonds, he said.\"You will see not only a discernment among investors but some sectors completely absent from the market until the rate regime changes.\"NASDAQ SCORESArm's debut also gives the Nasdaq, which won the listing, a potential boost to future revenue growth.Large deals like Arm provide the Nasdaq with short-term publicity and is a long-term bet to boost recurring revenue the exchange collects from annual listing fees, analysts said.\"Anytime it (Nasdaq) gets a new listed company, it's able to drive revenue not just through the listing, but also through the other services that it sells to these listed companies on their exchange,\" said Andrew Bond, managing director and senior fintech analyst, at Rosenblatt Securities.Reuters Graphics","news_type":1},"isVote":1,"tweetType":1,"viewCount":553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9979901464,"gmtCreate":1685403432559,"gmtModify":1685410288849,"author":{"id":"4142832540264992","authorId":"4142832540264992","name":"Uranuss","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142832540264992","authorIdStr":"4142832540264992"},"themes":[],"htmlText":"They are the definite fortune because they livein US😁😁 See what happened to those chinese billionaires who based their&nbsp;business in the mainland china during the past 3 years😁😁","listText":"They are the definite fortune because they livein US😁😁 See what happened to those chinese billionaires who based their&nbsp;business in the mainland china during the past 3 years😁😁","text":"They are the definite fortune because they livein US😁😁 See what happened to those chinese billionaires who based their business in the mainland china during the past 3 years😁😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9979901464","repostId":"2339427334","repostType":2,"repost":{"id":"2339427334","pubTimestamp":1685402322,"share":"https://ttm.financial/m/news/2339427334?lang=&edition=fundamental","pubTime":"2023-05-30 07:18","market":"us","language":"en","title":"31 Billionaires Are Worth More Than the US Treasury Has in Cash","url":"https://stock-news.laohu8.com/highlight/detail?id=2339427334","media":"CNN Business","summary":"New York (CNN) —  Cash levels at the US Treasury are tumbling toward a dangerously low level as Wash","content":"<html><head></head><body><p><strong>New York (CNN) —</strong>  Cash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling.</p><p>As of the close of business on May 25, Treasury had just $38.8 billion in cash, according to the latest federal data. That’s down from more than $200 billion earlier this month and nearing the bare minimum level of $30 billion.</p><p>For context, 31 billionaires are each worth more than the federal government’s $38.8 billion in cash, according to the Bloomberg Billionaires Index.</p><p>Some of them, like fashion mogul Bernard Arnault – are worth a lot more. Arnault, the chairman of luxury goods maker LVMH, has a net worth estimated at $193 billion. Tesla billionaire Elon Musk is worth $185 billion and Amazon founder Jeff Bezos has a net worth of $144 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9913f0e94bc403a3b0d9556cb5249e5f\" tg-width=\"1280\" tg-height=\"720\"/></p><p>The list of 31 billionaires worth more than Uncle Sam’s cash total includes household names like Michael Dell, legendary investor Warren Buffett and Facebook co-founder Mark Zuckerberg, as well as billionaires with lower profiles such as French billionaire Francois Pinault and Chanel chairman Alain Wertheimer.</p><p>President Joe Biden and House Speaker Kevin McCarthy have reached a bipartisan deal to suspend the debt ceiling through January 1, 2025.</p><p>If Congress doesn’t raise the debt ceiling by June 5, Treasury Secretary Janet Yellen warns the government will not have enough funds to pay all of the nation’s obligations in full and on time.</p></body></html>","source":"cnn_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>31 Billionaires Are Worth More Than the US Treasury Has in Cash</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; 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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\">\n31 Billionaires Are Worth More Than the US Treasury Has in Cash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-30 07:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2023/05/29/investing/billionaires-debt-ceiling/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN) —  Cash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling.As of the close of business on May 25, ...</p>\n\n<a href=\"https://edition.cnn.com/2023/05/29/investing/billionaires-debt-ceiling/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0082616367.USD":"摩根大通美国科技A（dist）","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4581":"高盛持仓","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4099":"汽车制造商","BK4511":"特斯拉概念","TSLA":"特斯拉","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4548":"巴美列捷福持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU2063271972.USD":"富兰克林创新领域基金","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4534":"瑞士信贷持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4585":"ETF&股票定投概念","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4555":"新能源车","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4551":"寇图资本持仓","META":"Meta Platforms, Inc.","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD",".DJI":"道琼斯","BK4527":"明星科技股","BK4574":"无人驾驶",".IXIC":"NASDAQ Composite","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4550":"红杉资本持仓","BK4588":"碎股",".SPX":"S&P 500 Index","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap"},"source_url":"https://edition.cnn.com/2023/05/29/investing/billionaires-debt-ceiling/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2339427334","content_text":"New York (CNN) —  Cash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling.As of the close of business on May 25, Treasury had just $38.8 billion in cash, according to the latest federal data. That’s down from more than $200 billion earlier this month and nearing the bare minimum level of $30 billion.For context, 31 billionaires are each worth more than the federal government’s $38.8 billion in cash, according to the Bloomberg Billionaires Index.Some of them, like fashion mogul Bernard Arnault – are worth a lot more. Arnault, the chairman of luxury goods maker LVMH, has a net worth estimated at $193 billion. Tesla billionaire Elon Musk is worth $185 billion and Amazon founder Jeff Bezos has a net worth of $144 billion.The list of 31 billionaires worth more than Uncle Sam’s cash total includes household names like Michael Dell, legendary investor Warren Buffett and Facebook co-founder Mark Zuckerberg, as well as billionaires with lower profiles such as French billionaire Francois Pinault and Chanel chairman Alain Wertheimer.President Joe Biden and House Speaker Kevin McCarthy have reached a bipartisan deal to suspend the debt ceiling through January 1, 2025.If Congress doesn’t raise the debt ceiling by June 5, Treasury Secretary Janet Yellen warns the government will not have enough funds to pay all of the nation’s obligations in full and on time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941178232,"gmtCreate":1680087454627,"gmtModify":1680087914218,"author":{"id":"4142832540264992","authorId":"4142832540264992","name":"Uranuss","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142832540264992","authorIdStr":"4142832540264992"},"themes":[],"htmlText":"Why never mention how they helped chinese dodge taxes😁😈","listText":"Why never mention how they helped chinese dodge taxes😁😈","text":"Why never mention how they helped chinese dodge taxes😁😈","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941178232","repostId":"1159842100","repostType":2,"repost":{"id":"1159842100","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1680086997,"share":"https://ttm.financial/m/news/1159842100?lang=&edition=fundamental","pubTime":"2023-03-29 18:49","market":"us","language":"en","title":"Credit Suisse Whistleblowers Say Swiss Bank Has Been Helping Wealthy Americans Dodge U.S. Taxes for Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1159842100","media":"Tiger Newspress","summary":"Credit Suisse, the failed Swiss bank taken over by UBS Group AG in a hastily arranged bailout earlie","content":"<html><head></head><body><p>Credit Suisse, the failed Swiss bank taken over by UBS Group AG in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal problems for its new owner, reported CNBC.</p><p>For years, the private bank has provided a safe haven for wealthy American clients to hide assets from the IRS — even after it was caught and prosecuted for doing the same thing more than a decade ago, according two former Credit Suisse bankers who spoke in exclusive interviews with CNBC and are working with the U.S. government as whistleblowers.</p><p>The bank notoriously pleaded guilty in 2014 to criminal charges for &#34;knowingly and willfully&#34; helping thousands of U.S. clients conceal their offshore assets and income from the IRS. It admitted at the time that it used sham entities, destroyed account records and hand delivered cash to American clients to avert IRS detection — agreeing to crack down on U.S. tax dodgers going forward as part of its plea deal. Credit Suisse also agreed at the time to a host of reforms, including disclosing its cross-border activities and cooperating with authorities when they request information, among other things.</p><p>The now troubled bank appears to have violated that agreement, according to a new report by the Senate Finance Committee that details ongoing and rampant abuse since then. The report, released Wednesday, details the findings of the panel&#39;s two-year investigation and takes on more urgency given the looming banking crisis. The Swiss National Bank injected more than $100 billion of liquidity into Credit Suisse to keep it afloat earlier this month, while the Swiss government agreed to provide UBS with some $9 billion to backstop losses resulting from the takeover.</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>Credit Suisse Whistleblowers Say Swiss Bank Has Been Helping Wealthy Americans Dodge U.S. Taxes for Years</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\">\nCredit Suisse Whistleblowers Say Swiss Bank Has Been Helping Wealthy Americans Dodge U.S. Taxes for Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-03-29 18:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Credit Suisse, the failed Swiss bank taken over by UBS Group AG in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal problems for its new owner, reported CNBC.</p><p>For years, the private bank has provided a safe haven for wealthy American clients to hide assets from the IRS — even after it was caught and prosecuted for doing the same thing more than a decade ago, according two former Credit Suisse bankers who spoke in exclusive interviews with CNBC and are working with the U.S. government as whistleblowers.</p><p>The bank notoriously pleaded guilty in 2014 to criminal charges for &#34;knowingly and willfully&#34; helping thousands of U.S. clients conceal their offshore assets and income from the IRS. It admitted at the time that it used sham entities, destroyed account records and hand delivered cash to American clients to avert IRS detection — agreeing to crack down on U.S. tax dodgers going forward as part of its plea deal. Credit Suisse also agreed at the time to a host of reforms, including disclosing its cross-border activities and cooperating with authorities when they request information, among other things.</p><p>The now troubled bank appears to have violated that agreement, according to a new report by the Senate Finance Committee that details ongoing and rampant abuse since then. The report, released Wednesday, details the findings of the panel&#39;s two-year investigation and takes on more urgency given the looming banking crisis. The Swiss National Bank injected more than $100 billion of liquidity into Credit Suisse to keep it afloat earlier this month, while the Swiss government agreed to provide UBS with some $9 billion to backstop losses resulting from the takeover.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBS":"瑞银"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159842100","content_text":"Credit Suisse, the failed Swiss bank taken over by UBS Group AG in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal problems for its new owner, reported CNBC.For years, the private bank has provided a safe haven for wealthy American clients to hide assets from the IRS — even after it was caught and prosecuted for doing the same thing more than a decade ago, according two former Credit Suisse bankers who spoke in exclusive interviews with CNBC and are working with the U.S. government as whistleblowers.The bank notoriously pleaded guilty in 2014 to criminal charges for \"knowingly and willfully\" helping thousands of U.S. clients conceal their offshore assets and income from the IRS. It admitted at the time that it used sham entities, destroyed account records and hand delivered cash to American clients to avert IRS detection — agreeing to crack down on U.S. tax dodgers going forward as part of its plea deal. Credit Suisse also agreed at the time to a host of reforms, including disclosing its cross-border activities and cooperating with authorities when they request information, among other things.The now troubled bank appears to have violated that agreement, according to a new report by the Senate Finance Committee that details ongoing and rampant abuse since then. The report, released Wednesday, details the findings of the panel's two-year investigation and takes on more urgency given the looming banking crisis. The Swiss National Bank injected more than $100 billion of liquidity into Credit Suisse to keep it afloat earlier this month, while the Swiss government agreed to provide UBS with some $9 billion to backstop losses resulting from the takeover.","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":219960382091360,"gmtCreate":1694731465571,"gmtModify":1694739551149,"author":{"id":"4142832540264992","authorId":"4142832540264992","name":"Uranuss","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142832540264992","idStr":"4142832540264992"},"themes":[],"htmlText":"ARM only jumped ～2.8% after-hour😅 not 28%","listText":"ARM only jumped ～2.8% after-hour😅 not 28%","text":"ARM only jumped ～2.8% after-hour😅 not 28%","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/219960382091360","repostId":"2367653232","repostType":2,"isVote":1,"tweetType":1,"viewCount":553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9979901464,"gmtCreate":1685403432559,"gmtModify":1685410288849,"author":{"id":"4142832540264992","authorId":"4142832540264992","name":"Uranuss","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142832540264992","idStr":"4142832540264992"},"themes":[],"htmlText":"They are the definite fortune because they livein US😁😁 See what happened to those chinese billionaires who based their&nbsp;business in the mainland china during the past 3 years😁😁","listText":"They are the definite fortune because they livein US😁😁 See what happened to those chinese billionaires who based their&nbsp;business in the mainland china during the past 3 years😁😁","text":"They are the definite fortune because they livein US😁😁 See what happened to those chinese billionaires who based their business in the mainland china during the past 3 years😁😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9979901464","repostId":"2339427334","repostType":2,"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941178232,"gmtCreate":1680087454627,"gmtModify":1680087914218,"author":{"id":"4142832540264992","authorId":"4142832540264992","name":"Uranuss","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142832540264992","idStr":"4142832540264992"},"themes":[],"htmlText":"Why never mention how they helped chinese dodge taxes😁😈","listText":"Why never mention how they helped chinese dodge taxes😁😈","text":"Why never mention how they helped chinese dodge taxes😁😈","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941178232","repostId":"1159842100","repostType":2,"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}