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2024-08-04

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Lousy Jobs Report Forces Fed to Reckon With Hard Landing

2024-08-03

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article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334681879638272","repostId":"2456429491","repostType":4,"repost":{"id":"2456429491","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1722732121,"share":"https://ttm.financial/m/news/2456429491?lang=en_US&edition=fundamental","pubTime":"2024-08-04 08:42","market":"sh","language":"en","title":"Lousy Jobs Report Forces Fed to Reckon With Hard Landing","url":"https://stock-news.laohu8.com/highlight/detail?id=2456429491","media":"Dow Jones","summary":"By Nick Timiraos and Paul KiernanThe script is being flipped for the U.S. economy.For 2 1/2 years, high inflation has drawn a nearly single-minded focus from the Federal Reserve and the White House as","content":"<html><head></head><body><p>By Nick Timiraos and Paul Kiernan</p><p>The script is being flipped for the U.S. economy.</p><p>For 2 1/2 years, high inflation has drawn a nearly single-minded focus from the Federal Reserve and the White House as the nation&#39;s foremost economic challenge.</p><p>But in the span of a week, punctuated by a surprisingly lackluster July hiring report on Friday that sent markets reeling, the labor market has become the locus of concern for economic policymakers in Washington.</p><p>Fed officials have spent the year trained on ensuring inflation moves down without causing unnecessary weakness, achieving a so-called soft landing. Given recent declines in inflation, &#34;Now the question is whether we are settling at full employment, or whether we are blowing through full employment. That&#39;s a critical question,&#34; said Chicago Fed President Austan Goolsbee in an interview Friday.</p><p>A broader economic slowdown, if it materializes in coming months, could also upend an already volatile presidential race between former President Donald Trump and Vice President Kamala Harris.</p><p>&#34;It goes without saying that if the economy rolls over, the odds of Harris becoming president would dwindle,&#34; said Marc Sumerlin, an economist who advised President George W. Bush.</p><p>Whether the latest data reflect an economic soft patch or a more ominous downturn could depend on how the Fed responds in the months ahead and whether lower interest rates shore up a slowing economy.</p><p>Fed Chair Jerome Powell this past week signaled a rate cut was likely at officials&#39; meeting next month. They voted Wednesday to hold their benchmark short-term rate steady at the highest level in two decades.</p><p>Inflation has fallen from a high of 7.1% two years ago to 2.5% in June, according to the Fed&#39;s preferred gauge. The unemployment rate rose to 4.3% in July, up from 4.1% in June and 3.7% at the beginning of the year.</p><p>&#34;Inflation is no longer the issue,&#34; said Laurence Meyer, a former Fed governor, in an interview Friday. &#34;The situation has just totally changed.&#34;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ccf69b319b57b106dce1ae3a0b6de8de\" alt=\"Fed Chair Jerome Powell signaled Wednesday at a news conference that a rate cut was likely in September. Photo: Kevin Mohatt/Reuters\" title=\"Fed Chair Jerome Powell signaled Wednesday at a news conference that a rate cut was likely in September. Photo: Kevin Mohatt/Reuters\" tg-width=\"700\" tg-height=\"466\"/><span>Fed Chair Jerome Powell signaled Wednesday at a news conference that a rate cut was likely in September. Photo: Kevin Mohatt/Reuters</span></p><p>Investors are afraid the Fed is running late. Friday&#39;s report shifts the debate from when officials will cut to how large their reduction next month should be: a traditional quarter-point cut or the larger half-point reduction, such as what occurred on the eve of recessions in 2001 and 2007.</p><h2 id=\"id_3600072568\">&#39;They look offsides&#39;</h2><p>Many analysts expect the Fed will cut rates by a quarter-point at each of its three remaining meetings this year. That would lower the Fed&#39;s rate to just above 4.5%, from its current 5.3%.</p><p>A handful of economists said Friday that the Fed will need to move faster to improve its odds of short-circuiting a downturn. That is because interest rates were raised last year to a level that aims to slow economic growth, as a driver presses down on the brake of a car.</p><p>If the economy is now slowing down more than the Fed anticipated, the central bank will need to set rates closer to a so-called neutral level, effectively taking its foot off the brake. While the neutral rate can&#39;t be observed, many economists think it might be between 3% and 4%.</p><p>Some weakness in the jobs report might have been exaggerated, said Michael Feroli, chief U.S. economist at JPMorgan. The higher unemployment rate reflected a big jump in people who faced a temporary, as opposed to permanent, layoff. While hiring has slowed this year, the unemployment rate has crept up in large part because more people who weren&#39;t previously looking for jobs have sought work.</p><p>Because Feroli thinks rates need to be closer to neutral relatively soon, he expects the Fed to cut rates by 1.25 percentage points this year, including by a half-point at each of its next two meetings in September and November.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b0d1ce4e215390862257822c0719f539\" alt=\"The campaign of former President Donald Trump seized on Friday’s jobs report as evidence of a looming recession. Photo: Spencer Platt/Getty Images\" title=\"The campaign of former President Donald Trump seized on Friday’s jobs report as evidence of a looming recession. Photo: Spencer Platt/Getty Images\" tg-width=\"700\" tg-height=\"466\"/><span>The campaign of former President Donald Trump seized on Friday’s jobs report as evidence of a looming recession. Photo: Spencer Platt/Getty Images</span></p><p>&#34;They look offsides,&#34; Feroli said. &#34;There is good reason to get back onsides here. I don&#39;t see the rationale for going slow, even if the data don&#39;t disappoint in a big way over the next six weeks.&#34;</p><h2 id=\"id_2922029984\">An underwater beach ball</h2><p>Already, a bond-market rally has lowered borrowing costs in anticipation of Fed cuts. (Bond yields fall when prices rise.) That is good news for would-be home buyers. The average 30-year mortgage rate tumbled to 6.4% on Friday, down from 6.86% a week earlier, according to Mortgage News Daily. Any boost in demand for housing might boost spending that cushions softness elsewhere in the economy.</p><p>A sustained stock-market downturn, however, could be perilous. The postpandemic expansion has been fueled to an unusual degree by strong growth in incomes and asset prices, such as lofty stocks -- as opposed to a more traditional boom in lending and credit growth.</p><p>Because a strong labor market and buoyant stock market have been critical growth engines, if both lose steam, the economy could sputter.</p><p>A related concern is that job-market weakness might be masked because companies that labored mightily to rehire workers after the pandemic are reluctant to let them go. A rapid shift in sentiment -- triggered, for example, by a significant stock-market rout -- could serve as a catalyst for firing workers and slashing investment plans.</p><p>Like a beach ball that shoots up after being held underwater, once sentiment flips and companies decide demand is too soft to keep those workers, joblessness would climb much faster than it has so far.</p><p>Facing somewhat weaker domestic growth, the European Central Bank and the Bank of Canada began cutting rates in June. The Bank of England joined them this past week.</p><h2 id=\"id_3787620058\">Election effects</h2><p>Negative economic headlines, a pickup in layoffs and continued stock-market turmoil would seriously set back Harris&#39;s campaign to keep Democratic control of the White House. Voters tend to punish incumbent presidents -- or their party -- when economic sentiment is heading south.</p><p>While an unemployment rate anywhere below 5% is historically low, the recent trend could matter more than the overall level. President Barack Obama was re-elected in 2012 with an unemployment rate that had edged just below 8% -- but had fallen from a high of 10% three years earlier.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fab54a942c39d676af194addd62504d9\" alt=\"A pickup in layoffs would pose a setback to Vice President Kamala Harris’s campaign. Photo: Edward m. Pio Roda/EPA/Shutterstock\" title=\"A pickup in layoffs would pose a setback to Vice President Kamala Harris’s campaign. Photo: Edward m. Pio Roda/EPA/Shutterstock\" tg-width=\"700\" tg-height=\"473\"/><span>A pickup in layoffs would pose a setback to Vice President Kamala Harris’s campaign. Photo: Edward m. Pio Roda/EPA/Shutterstock</span></p><p>And Democrats failed to maintain control of the White House in 2000 and 2016 despite an unemployment rate that had fallen to its lowest level in years.</p><p>The Trump campaign had already made the Biden administration&#39;s stewardship of a high-inflation economy a centerpiece of its bid for the White House. Higher unemployment would allow Republicans to launch a double-barreled attack.</p><p>Trump&#39;s campaign seized on Friday&#39;s data as evidence of &#34;a looming recession,&#34; calling it &#34;a five-alarm-fire jobs report.&#34;</p><p>Still, the current labor market can&#39;t reasonably be described as weak. Unfilled jobs outnumber unemployed workers, and layoffs have remained subdued. President Biden, in a statement after the jobs report, noted that nearly 16 million jobs had been created since he and Harris took office. The Harris campaign declined to comment further.</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>Lousy Jobs Report Forces Fed to Reckon With Hard Landing</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\">\nLousy Jobs Report Forces Fed to Reckon With Hard Landing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-08-04 08:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>By Nick Timiraos and Paul Kiernan</p><p>The script is being flipped for the U.S. economy.</p><p>For 2 1/2 years, high inflation has drawn a nearly single-minded focus from the Federal Reserve and the White House as the nation&#39;s foremost economic challenge.</p><p>But in the span of a week, punctuated by a surprisingly lackluster July hiring report on Friday that sent markets reeling, the labor market has become the locus of concern for economic policymakers in Washington.</p><p>Fed officials have spent the year trained on ensuring inflation moves down without causing unnecessary weakness, achieving a so-called soft landing. Given recent declines in inflation, &#34;Now the question is whether we are settling at full employment, or whether we are blowing through full employment. That&#39;s a critical question,&#34; said Chicago Fed President Austan Goolsbee in an interview Friday.</p><p>A broader economic slowdown, if it materializes in coming months, could also upend an already volatile presidential race between former President Donald Trump and Vice President Kamala Harris.</p><p>&#34;It goes without saying that if the economy rolls over, the odds of Harris becoming president would dwindle,&#34; said Marc Sumerlin, an economist who advised President George W. Bush.</p><p>Whether the latest data reflect an economic soft patch or a more ominous downturn could depend on how the Fed responds in the months ahead and whether lower interest rates shore up a slowing economy.</p><p>Fed Chair Jerome Powell this past week signaled a rate cut was likely at officials&#39; meeting next month. They voted Wednesday to hold their benchmark short-term rate steady at the highest level in two decades.</p><p>Inflation has fallen from a high of 7.1% two years ago to 2.5% in June, according to the Fed&#39;s preferred gauge. The unemployment rate rose to 4.3% in July, up from 4.1% in June and 3.7% at the beginning of the year.</p><p>&#34;Inflation is no longer the issue,&#34; said Laurence Meyer, a former Fed governor, in an interview Friday. &#34;The situation has just totally changed.&#34;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ccf69b319b57b106dce1ae3a0b6de8de\" alt=\"Fed Chair Jerome Powell signaled Wednesday at a news conference that a rate cut was likely in September. Photo: Kevin Mohatt/Reuters\" title=\"Fed Chair Jerome Powell signaled Wednesday at a news conference that a rate cut was likely in September. Photo: Kevin Mohatt/Reuters\" tg-width=\"700\" tg-height=\"466\"/><span>Fed Chair Jerome Powell signaled Wednesday at a news conference that a rate cut was likely in September. Photo: Kevin Mohatt/Reuters</span></p><p>Investors are afraid the Fed is running late. Friday&#39;s report shifts the debate from when officials will cut to how large their reduction next month should be: a traditional quarter-point cut or the larger half-point reduction, such as what occurred on the eve of recessions in 2001 and 2007.</p><h2 id=\"id_3600072568\">&#39;They look offsides&#39;</h2><p>Many analysts expect the Fed will cut rates by a quarter-point at each of its three remaining meetings this year. That would lower the Fed&#39;s rate to just above 4.5%, from its current 5.3%.</p><p>A handful of economists said Friday that the Fed will need to move faster to improve its odds of short-circuiting a downturn. That is because interest rates were raised last year to a level that aims to slow economic growth, as a driver presses down on the brake of a car.</p><p>If the economy is now slowing down more than the Fed anticipated, the central bank will need to set rates closer to a so-called neutral level, effectively taking its foot off the brake. While the neutral rate can&#39;t be observed, many economists think it might be between 3% and 4%.</p><p>Some weakness in the jobs report might have been exaggerated, said Michael Feroli, chief U.S. economist at JPMorgan. The higher unemployment rate reflected a big jump in people who faced a temporary, as opposed to permanent, layoff. While hiring has slowed this year, the unemployment rate has crept up in large part because more people who weren&#39;t previously looking for jobs have sought work.</p><p>Because Feroli thinks rates need to be closer to neutral relatively soon, he expects the Fed to cut rates by 1.25 percentage points this year, including by a half-point at each of its next two meetings in September and November.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b0d1ce4e215390862257822c0719f539\" alt=\"The campaign of former President Donald Trump seized on Friday’s jobs report as evidence of a looming recession. Photo: Spencer Platt/Getty Images\" title=\"The campaign of former President Donald Trump seized on Friday’s jobs report as evidence of a looming recession. Photo: Spencer Platt/Getty Images\" tg-width=\"700\" tg-height=\"466\"/><span>The campaign of former President Donald Trump seized on Friday’s jobs report as evidence of a looming recession. Photo: Spencer Platt/Getty Images</span></p><p>&#34;They look offsides,&#34; Feroli said. &#34;There is good reason to get back onsides here. I don&#39;t see the rationale for going slow, even if the data don&#39;t disappoint in a big way over the next six weeks.&#34;</p><h2 id=\"id_2922029984\">An underwater beach ball</h2><p>Already, a bond-market rally has lowered borrowing costs in anticipation of Fed cuts. (Bond yields fall when prices rise.) That is good news for would-be home buyers. The average 30-year mortgage rate tumbled to 6.4% on Friday, down from 6.86% a week earlier, according to Mortgage News Daily. Any boost in demand for housing might boost spending that cushions softness elsewhere in the economy.</p><p>A sustained stock-market downturn, however, could be perilous. The postpandemic expansion has been fueled to an unusual degree by strong growth in incomes and asset prices, such as lofty stocks -- as opposed to a more traditional boom in lending and credit growth.</p><p>Because a strong labor market and buoyant stock market have been critical growth engines, if both lose steam, the economy could sputter.</p><p>A related concern is that job-market weakness might be masked because companies that labored mightily to rehire workers after the pandemic are reluctant to let them go. A rapid shift in sentiment -- triggered, for example, by a significant stock-market rout -- could serve as a catalyst for firing workers and slashing investment plans.</p><p>Like a beach ball that shoots up after being held underwater, once sentiment flips and companies decide demand is too soft to keep those workers, joblessness would climb much faster than it has so far.</p><p>Facing somewhat weaker domestic growth, the European Central Bank and the Bank of Canada began cutting rates in June. The Bank of England joined them this past week.</p><h2 id=\"id_3787620058\">Election effects</h2><p>Negative economic headlines, a pickup in layoffs and continued stock-market turmoil would seriously set back Harris&#39;s campaign to keep Democratic control of the White House. Voters tend to punish incumbent presidents -- or their party -- when economic sentiment is heading south.</p><p>While an unemployment rate anywhere below 5% is historically low, the recent trend could matter more than the overall level. President Barack Obama was re-elected in 2012 with an unemployment rate that had edged just below 8% -- but had fallen from a high of 10% three years earlier.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fab54a942c39d676af194addd62504d9\" alt=\"A pickup in layoffs would pose a setback to Vice President Kamala Harris’s campaign. Photo: Edward m. Pio Roda/EPA/Shutterstock\" title=\"A pickup in layoffs would pose a setback to Vice President Kamala Harris’s campaign. Photo: Edward m. Pio Roda/EPA/Shutterstock\" tg-width=\"700\" tg-height=\"473\"/><span>A pickup in layoffs would pose a setback to Vice President Kamala Harris’s campaign. Photo: Edward m. Pio Roda/EPA/Shutterstock</span></p><p>And Democrats failed to maintain control of the White House in 2000 and 2016 despite an unemployment rate that had fallen to its lowest level in years.</p><p>The Trump campaign had already made the Biden administration&#39;s stewardship of a high-inflation economy a centerpiece of its bid for the White House. Higher unemployment would allow Republicans to launch a double-barreled attack.</p><p>Trump&#39;s campaign seized on Friday&#39;s data as evidence of &#34;a looming recession,&#34; calling it &#34;a five-alarm-fire jobs report.&#34;</p><p>Still, the current labor market can&#39;t reasonably be described as weak. Unfilled jobs outnumber unemployed workers, and layoffs have remained subdued. President Biden, in a statement after the jobs report, noted that nearly 16 million jobs had been created since he and Harris took office. The Harris campaign declined to comment further.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2456429491","content_text":"By Nick Timiraos and Paul KiernanThe script is being flipped for the U.S. economy.For 2 1/2 years, high inflation has drawn a nearly single-minded focus from the Federal Reserve and the White House as the nation's foremost economic challenge.But in the span of a week, punctuated by a surprisingly lackluster July hiring report on Friday that sent markets reeling, the labor market has become the locus of concern for economic policymakers in Washington.Fed officials have spent the year trained on ensuring inflation moves down without causing unnecessary weakness, achieving a so-called soft landing. Given recent declines in inflation, \"Now the question is whether we are settling at full employment, or whether we are blowing through full employment. That's a critical question,\" said Chicago Fed President Austan Goolsbee in an interview Friday.A broader economic slowdown, if it materializes in coming months, could also upend an already volatile presidential race between former President Donald Trump and Vice President Kamala Harris.\"It goes without saying that if the economy rolls over, the odds of Harris becoming president would dwindle,\" said Marc Sumerlin, an economist who advised President George W. Bush.Whether the latest data reflect an economic soft patch or a more ominous downturn could depend on how the Fed responds in the months ahead and whether lower interest rates shore up a slowing economy.Fed Chair Jerome Powell this past week signaled a rate cut was likely at officials' meeting next month. They voted Wednesday to hold their benchmark short-term rate steady at the highest level in two decades.Inflation has fallen from a high of 7.1% two years ago to 2.5% in June, according to the Fed's preferred gauge. The unemployment rate rose to 4.3% in July, up from 4.1% in June and 3.7% at the beginning of the year.\"Inflation is no longer the issue,\" said Laurence Meyer, a former Fed governor, in an interview Friday. \"The situation has just totally changed.\"Fed Chair Jerome Powell signaled Wednesday at a news conference that a rate cut was likely in September. Photo: Kevin Mohatt/ReutersInvestors are afraid the Fed is running late. Friday's report shifts the debate from when officials will cut to how large their reduction next month should be: a traditional quarter-point cut or the larger half-point reduction, such as what occurred on the eve of recessions in 2001 and 2007.'They look offsides'Many analysts expect the Fed will cut rates by a quarter-point at each of its three remaining meetings this year. That would lower the Fed's rate to just above 4.5%, from its current 5.3%.A handful of economists said Friday that the Fed will need to move faster to improve its odds of short-circuiting a downturn. That is because interest rates were raised last year to a level that aims to slow economic growth, as a driver presses down on the brake of a car.If the economy is now slowing down more than the Fed anticipated, the central bank will need to set rates closer to a so-called neutral level, effectively taking its foot off the brake. While the neutral rate can't be observed, many economists think it might be between 3% and 4%.Some weakness in the jobs report might have been exaggerated, said Michael Feroli, chief U.S. economist at JPMorgan. The higher unemployment rate reflected a big jump in people who faced a temporary, as opposed to permanent, layoff. While hiring has slowed this year, the unemployment rate has crept up in large part because more people who weren't previously looking for jobs have sought work.Because Feroli thinks rates need to be closer to neutral relatively soon, he expects the Fed to cut rates by 1.25 percentage points this year, including by a half-point at each of its next two meetings in September and November.The campaign of former President Donald Trump seized on Friday’s jobs report as evidence of a looming recession. Photo: Spencer Platt/Getty Images\"They look offsides,\" Feroli said. \"There is good reason to get back onsides here. I don't see the rationale for going slow, even if the data don't disappoint in a big way over the next six weeks.\"An underwater beach ballAlready, a bond-market rally has lowered borrowing costs in anticipation of Fed cuts. (Bond yields fall when prices rise.) That is good news for would-be home buyers. The average 30-year mortgage rate tumbled to 6.4% on Friday, down from 6.86% a week earlier, according to Mortgage News Daily. Any boost in demand for housing might boost spending that cushions softness elsewhere in the economy.A sustained stock-market downturn, however, could be perilous. The postpandemic expansion has been fueled to an unusual degree by strong growth in incomes and asset prices, such as lofty stocks -- as opposed to a more traditional boom in lending and credit growth.Because a strong labor market and buoyant stock market have been critical growth engines, if both lose steam, the economy could sputter.A related concern is that job-market weakness might be masked because companies that labored mightily to rehire workers after the pandemic are reluctant to let them go. A rapid shift in sentiment -- triggered, for example, by a significant stock-market rout -- could serve as a catalyst for firing workers and slashing investment plans.Like a beach ball that shoots up after being held underwater, once sentiment flips and companies decide demand is too soft to keep those workers, joblessness would climb much faster than it has so far.Facing somewhat weaker domestic growth, the European Central Bank and the Bank of Canada began cutting rates in June. The Bank of England joined them this past week.Election effectsNegative economic headlines, a pickup in layoffs and continued stock-market turmoil would seriously set back Harris's campaign to keep Democratic control of the White House. Voters tend to punish incumbent presidents -- or their party -- when economic sentiment is heading south.While an unemployment rate anywhere below 5% is historically low, the recent trend could matter more than the overall level. President Barack Obama was re-elected in 2012 with an unemployment rate that had edged just below 8% -- but had fallen from a high of 10% three years earlier.A pickup in layoffs would pose a setback to Vice President Kamala Harris’s campaign. Photo: Edward m. Pio Roda/EPA/ShutterstockAnd Democrats failed to maintain control of the White House in 2000 and 2016 despite an unemployment rate that had fallen to its lowest level in years.The Trump campaign had already made the Biden administration's stewardship of a high-inflation economy a centerpiece of its bid for the White House. Higher unemployment would allow Republicans to launch a double-barreled attack.Trump's campaign seized on Friday's data as evidence of \"a looming recession,\" calling it \"a five-alarm-fire jobs report.\"Still, the current labor market can't reasonably be described as weak. Unfilled jobs outnumber unemployed workers, and layoffs have remained subdued. President Biden, in a statement after the jobs report, noted that nearly 16 million jobs had been created since he and Harris took office. The Harris campaign declined to comment further.","news_type":1,"symbols_score_info":{".DJI":1.1,"US3Y.BOND":1,".SPX":1.1,"US6M.BOND":1,"US12M.BOND":1,"US912797GW17.BOND":0.6,"US30Y.BOND":1,".IXIC":1.1,"US912797GK78.BOND":0.6,"US912797HE00.BOND":0.6,"US912797GL51.BOND":0.6,"US5Y.BOND":1,"US10Y.BOND":1,"US7Y.BOND":1,"US2Y.BOND":1}},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":334466656690440,"gmtCreate":1722690334433,"gmtModify":1722692994930,"author":{"id":"4161538484861892","authorId":"4161538484861892","name":"Darfu99","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4161538484861892","idStr":"4161538484861892"},"themes":[],"title":"Join Tiger and enjoy cash reward","htmlText":"Find out more here:<a href=\"https://tigr.link/9vsbuo\">Join Tiger and enjoy cash reward</a> Deposit to win cash worth up to USD 33 &amp; 0-commission trades for US &amp; HK stocks for 180 days*","listText":"Find out more here:<a href=\"https://tigr.link/9vsbuo\">Join Tiger and enjoy cash reward</a> Deposit to win cash worth up to USD 33 &amp; 0-commission trades for US &amp; HK stocks for 180 days*","text":"Find out more here:Join Tiger and enjoy cash reward Deposit to win cash worth up to USD 33 & 0-commission trades for US & HK stocks for 180 days*","images":[{"img":"https://static.tigerbbs.com/3cbedc84fe736cec9dc7913c3d9d9a49"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334466656690440","isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":334467053547760,"gmtCreate":1722690295677,"gmtModify":1722692993231,"author":{"id":"4161538484861892","authorId":"4161538484861892","name":"Darfu99","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4161538484861892","idStr":"4161538484861892"},"themes":[],"title":"Join Tiger and enjoy cash reward","htmlText":"Find out more here:<a href=\"https://tigr.link/9vuAwa\">Join Tiger and enjoy cash reward</a> Deposit to win cash worth up to USD 33 &amp; 0-commission trades for US &amp; HK stocks for 180 days*","listText":"Find out more here:<a href=\"https://tigr.link/9vuAwa\">Join Tiger and enjoy cash reward</a> Deposit to win cash worth up to USD 33 &amp; 0-commission trades for US &amp; HK stocks for 180 days*","text":"Find out more here:Join Tiger and enjoy cash reward Deposit to win cash worth up to USD 33 & 0-commission trades for US & HK stocks for 180 days*","images":[{"img":"https://static.tigerbbs.com/3cbedc84fe736cec9dc7913c3d9d9a49"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334467053547760","isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":334465653706928,"gmtCreate":1722690074454,"gmtModify":1722692991019,"author":{"id":"4161538484861892","authorId":"4161538484861892","name":"Darfu99","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4161538484861892","idStr":"4161538484861892"},"themes":[],"htmlText":"https://tigr.link/9vCb9Q","listText":"https://tigr.link/9vCb9Q","text":"https://tigr.link/9vCb9Q","images":[{"img":"https://community-static.tradeup.com/news/ffe97ac6bf78f6623ba17e862927f409","width":"550","height":"3962"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334465653706928","isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":334464197402760,"gmtCreate":1722689595962,"gmtModify":1722689598010,"author":{"id":"4161538484861892","authorId":"4161538484861892","name":"Darfu99","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4161538484861892","idStr":"4161538484861892"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334464197402760","repostId":"2456466244","repostType":4,"repost":{"id":"2456466244","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1722687766,"share":"https://ttm.financial/m/news/2456466244?lang=en_US&edition=fundamental","pubTime":"2024-08-03 20:22","market":"sg","language":"en","title":"Berkshire Hathaway Slashes Apple Stake by Nearly 50%","url":"https://stock-news.laohu8.com/highlight/detail?id=2456466244","media":"Dow Jones","summary":"Berkshire Hathaway slashed its big stake in Apple by nearly 50% in the second quarter to about 400 million shares from 789 million shares in the first quarter, according to information in the company's 10-Q report released Saturday.Berkshire now holds about 2.6% of Apple and the stake was worth about $88 billion based on Friday's close of $219.86.The reduction in the Apple stake wasn't a surprise but the size of the cut was unexpected. Some Berkshire watchers had anticipated the decline because CEO Warren Buffett often continues to reduce a large equity stake once he begins cutting it. A drop of 100 million shares or so had been anticipated.Buffett may feel that Apple is fully priced at recent levels and that the holding, which was more than 40% of Berkshire's stock portfolio, had become too large. Berkshire is sitting on a large profit in the stock given that its cost basis is around $34 a share. Berkshire accumulated the stock largely between 2016 and 2018.Berkshire had held 905 mill","content":"<html><head></head><body><p>Berkshire Hathaway slashed its big stake in Apple by nearly 50% in the second quarter to about 400 million shares from 789 million shares in the first quarter, according to information in the company&#39;s 10-Q report released Saturday.</p><p>Berkshire now holds about 2.6% of Apple and the stake was worth about $88 billion based on Friday&#39;s close of $219.86.</p><p>The reduction in the Apple stake wasn&#39;t a surprise but the size of the cut was unexpected. Some Berkshire watchers had anticipated the decline because CEO Warren Buffett often continues to reduce a large equity stake once he begins cutting it. A drop of 100 million shares or so had been anticipated.</p><p>Buffett may feel that Apple is fully priced at recent levels and that the holding, which was more than 40% of Berkshire&#39;s stock portfolio, had become too large. Berkshire is sitting on a large profit in the stock given that its cost basis is around $34 a share. Berkshire accumulated the stock largely between 2016 and 2018.</p><p>Berkshire had held 905 million shares of the iPhone maker at year-end 2023.</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>Berkshire Hathaway Slashes Apple Stake by Nearly 50%</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\">\nBerkshire Hathaway Slashes Apple Stake by Nearly 50%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-08-03 20:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Berkshire Hathaway slashed its big stake in Apple by nearly 50% in the second quarter to about 400 million shares from 789 million shares in the first quarter, according to information in the company&#39;s 10-Q report released Saturday.</p><p>Berkshire now holds about 2.6% of Apple and the stake was worth about $88 billion based on Friday&#39;s close of $219.86.</p><p>The reduction in the Apple stake wasn&#39;t a surprise but the size of the cut was unexpected. Some Berkshire watchers had anticipated the decline because CEO Warren Buffett often continues to reduce a large equity stake once he begins cutting it. A drop of 100 million shares or so had been anticipated.</p><p>Buffett may feel that Apple is fully priced at recent levels and that the holding, which was more than 40% of Berkshire&#39;s stock portfolio, had become too large. Berkshire is sitting on a large profit in the stock given that its cost basis is around $34 a share. Berkshire accumulated the stock largely between 2016 and 2018.</p><p>Berkshire had held 905 million shares of the iPhone maker at year-end 2023.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4534":"瑞士信贷持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU0251142724.SGD":"Fidelity America A-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4505":"高瓴资本持仓","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0072462426.USD":"贝莱德全球配置 A2","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4554":"元宇宙及AR概念","BK4581":"高盛持仓","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4532":"文艺复兴科技持仓","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4527":"明星科技股"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2456466244","content_text":"Berkshire Hathaway slashed its big stake in Apple by nearly 50% in the second quarter to about 400 million shares from 789 million shares in the first quarter, according to information in the company's 10-Q report released Saturday.Berkshire now holds about 2.6% of Apple and the stake was worth about $88 billion based on Friday's close of $219.86.The reduction in the Apple stake wasn't a surprise but the size of the cut was unexpected. Some Berkshire watchers had anticipated the decline because CEO Warren Buffett often continues to reduce a large equity stake once he begins cutting it. A drop of 100 million shares or so had been anticipated.Buffett may feel that Apple is fully priced at recent levels and that the holding, which was more than 40% of Berkshire's stock portfolio, had become too large. Berkshire is sitting on a large profit in the stock given that its cost basis is around $34 a share. Berkshire accumulated the stock largely between 2016 and 2018.Berkshire had held 905 million shares of the iPhone maker at year-end 2023.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":334087321055416,"gmtCreate":1722597719291,"gmtModify":1722597723121,"author":{"id":"4161538484861892","authorId":"4161538484861892","name":"Darfu99","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4161538484861892","idStr":"4161538484861892"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/VSEE\">$VSee Health, Inc.(VSEE)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/VSEE\">$VSee Health, Inc.(VSEE)$ </a>&nbsp;","text":"$VSee Health, 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Singapore on Friday. The team will consider additional initiatives to improve the vibrancy of the stock market and study ways to galvanize greater private sector participation.It will complete i","content":"<div>\n<p>Singapore has established a review group to revive its stock market amid growing calls for initiatives to tackle poor liquidity.The group, chaired by Second Minister for Finance Chee Hong Tat, will ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-08-02/singapore-to-set-up-review-group-to-boost-flagging-stock-market\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore to Set Up Review Group to Boost Flagging Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore to Set Up Review Group to Boost Flagging Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-02 13:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-08-02/singapore-to-set-up-review-group-to-boost-flagging-stock-market><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore has established a review group to revive its stock market amid growing calls for initiatives to tackle poor liquidity.The group, chaired by Second Minister for Finance Chee Hong Tat, will ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-08-02/singapore-to-set-up-review-group-to-boost-flagging-stock-market\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2024-08-02/singapore-to-set-up-review-group-to-boost-flagging-stock-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164499406","content_text":"Singapore has established a review group to revive its stock market amid growing calls for initiatives to tackle poor liquidity.The group, chaired by Second Minister for Finance Chee Hong Tat, will recommend measures to strengthen the equities market, according to a statement by the Monetary Authority of Singapore on Friday. The team will consider additional initiatives to improve the vibrancy of the stock market and study ways to galvanize greater private sector participation.It will complete its report within 12 months.While Singapore has emerged as a regional financial hub, its stock market has been plagued by tepid trading volumes. Delistings in the city have frequently outnumbered debuts as companies choose to either go private or carry out their listings elsewhere.The government and the stock exchange have been reviewing proposals from industry groups to boost stock trading, including allowing more pension and sovereign money as well as private capital to be invested in local equities.","news_type":1,"symbols_score_info":{"STI.SI":1.1}},"isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":334012183548144,"gmtCreate":1722579243431,"gmtModify":1722579247298,"author":{"id":"4161538484861892","authorId":"4161538484861892","name":"Darfu99","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4161538484861892","idStr":"4161538484861892"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334012183548144","repostId":"333823609954392","repostType":1,"repost":{"id":333823609954392,"gmtCreate":1722533201891,"gmtModify":1723175161792,"author":{"id":"4093435328865890","authorId":"4093435328865890","name":"Vivianleoi","avatar":"https://community-static.tradeup.com/news/354b96576d87108ef1f7e3df82e0d0f9","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4093435328865890","idStr":"4093435328865890"},"themes":[],"title":"Guess the winner，Earn Tiger Coins","htmlText":"Find out more here: <a href=\"https://www.mydigiuc.com/activity/market/2024/trading-guess?inviteId=TMXDLKGO&amp;banner=0&amp;adcode=AC1718527559510bEArSe&amp;utm_medium=tiger_community&amp;platform=iOS&amp;shareID=8b3d9094107a24f55c41b3fcf983dc66&amp;invite=FO0XDK&amp;lang=en_US\">Guess the winner，Earn Tiger Coins</a> Join the Guessing Game , find high-yield Sharers! 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