Five Things You Need to Know to Start Your Day

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Five Things You Need to Know to Start Your Day

Bloomberg2021-05-27

The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...

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AHang
·2021-05-27
Nice
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siami
·2021-05-27
Insightful!?
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EKTech
·2021-05-27
Goo
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Jbun
·2021-05-27
!
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geniet
·2021-05-27
?
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- Gankl:
  ??
  2021-05-27
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FreeAcc
·2021-05-27
Like & comment x 1. Thanks!
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- MaxLYT:
  Comment Here
  2021-05-27
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Royce333
·2021-05-27
Comment like thx
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- Gankl:
  Hi
  2021-05-27
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Yhlim
·2021-05-27
Please like and comment
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- Royce333:
  Comment like
  2021-05-27
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Yonglii
·2021-05-27
?
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- geniet:
  ?
  2021-05-27
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- Yonglii:
  ?
  2021-05-27
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YihRu
·2021-05-27
Pls like n comment
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- Gankl:
  Hi
  2021-05-27
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ackk
·2021-05-27
Like and comment
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- jerminos:
  Done! Please comment too ;)
  2021-05-27
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CPY91
·2021-05-27
[微笑]
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- 向上学习:
  [微笑] [微笑]
  2021-05-28
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- William_Ong:
  Cool
  2021-05-27
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oqh
·2021-05-27
Like and comment
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- Lunchenmeat:
  Ok
  2021-05-27
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shaunlohloh
·2021-05-27
2 things you need to do today: Like and Comment
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- calebxiong:
  done. comment back pls. thanks!
  2021-05-27
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Fionfion82
·2021-05-27
Pls like and comment for me thanks ?
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- Huiz84:
  Commented
  Pls help to rePly to my comment Thanks
  2021-05-27
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Lawrence88
·2021-05-27
Thanks to like and comment back
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- Lawrence88:
  ok
  2021-05-27
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- Kiranaar:
  done. pls comment back
  2021-05-27
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Brandon2207
·2021-05-27
Like and comment please
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- kmlai:
  Please like and comment back thanks
  2021-05-27
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Jimmyboy
·2021-05-27
Good information. Pls like and comment.
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- Brandon2207:
  Commwnt and like back please
  2021-05-27
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Francis1977
·2021-05-27
Informative
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- ericokh:
  yup
  2021-05-27
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Raymond杨
·2021-05-27
Good to know
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Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".DJI","symbol_name":"道琼斯","start_time":0,"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","article_id":"1174912010","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","pubTimestamp":1622077907,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"The U.S. says the period of “engagement” with China is over. 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Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. 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Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132608555,"gmtCreate":1622082863377,"gmtModify":1704179120892,"author":{"id":"3583574638837879","authorId":"3583574638837879","authorIdStr":"3583574638837879","name":"siami","avatar":"https://static.tigerbbs.com/3b6521f7ba7d4d968c30ffa1332cf6fa","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1,"idStr":"3583574638837879"},"htmlText":"Insightful!?","listText":"Insightful!?","text":"Insightful!?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132608555","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132600407,"gmtCreate":1622082626409,"gmtModify":1704179114624,"author":{"id":"3579073238469991","authorId":"3579073238469991","authorIdStr":"3579073238469991","name":"EKTech","avatar":"https://static.tigerbbs.com/c91a603376dcd44610c26d628fac5cd0","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":3,"crmLevelSwitch":1,"idStr":"3579073238469991"},"htmlText":"Goo","listText":"Goo","text":"Goo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132600407","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132877020,"gmtCreate":1622082515660,"gmtModify":1704179112454,"author":{"id":"3575546318550777","authorId":"3575546318550777","authorIdStr":"3575546318550777","name":"Jbun","avatar":"https://static.tigerbbs.com/646534787b0befb687f99ac1e2c8ef9b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575546318550777"},"htmlText":"!","listText":"!","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132877020","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132874633,"gmtCreate":1622082489222,"gmtModify":1704179111940,"author":{"id":"3574856544266439","authorId":"3574856544266439","authorIdStr":"3574856544266439","name":"geniet","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574856544266439"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132874633","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465606,"gmtCreate":1622082557001,"gmtModify":1680791252375,"authorId":3567000750441814,"author":{"id":3567000750441814,"authorId":3567000750441814,"name":"Gankl","avatar":"https://static.tigerbbs.com/130aaa22ea9d4a3626b320dcd8401ea3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132874633,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"EN"},{"id":132874355,"gmtCreate":1622082485177,"gmtModify":1704179111246,"author":{"id":"3581823397971154","authorId":"3581823397971154","authorIdStr":"3581823397971154","name":"FreeAcc","avatar":"https://static.tigerbbs.com/6c561f6ffa43b092a23982419590bfc7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581823397971154"},"htmlText":"Like &amp; comment x 1. Thanks!","listText":"Like &amp; comment x 1. Thanks!","text":"Like & comment x 1. Thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132874355","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465603,"gmtCreate":1622082534260,"gmtModify":1680791251405,"authorId":3572199670660801,"author":{"id":3572199670660801,"authorId":3572199670660801,"name":"MaxLYT","avatar":"https://static.tigerbbs.com/dc1fd1bde60ff7a3573df4f9c645256e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132874355,"type":1,"supId":0,"prevId":0,"content":"Comment Here","text":"Comment Here","html":"Comment Here"}],"langContent":"EN"},{"id":132875636,"gmtCreate":1622082438525,"gmtModify":1704179110544,"author":{"id":"3582012803278187","authorId":"3582012803278187","authorIdStr":"3582012803278187","name":"Royce333","avatar":"https://static.tigerbbs.com/8e8f380d16068c756ab6408555011ec4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582012803278187"},"htmlText":"Comment like thx","listText":"Comment like thx","text":"Comment like thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132875636","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465597,"gmtCreate":1622082487225,"gmtModify":1680791251485,"authorId":3567000750441814,"author":{"id":3567000750441814,"authorId":3567000750441814,"name":"Gankl","avatar":"https://static.tigerbbs.com/130aaa22ea9d4a3626b320dcd8401ea3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132875636,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":132875875,"gmtCreate":1622082434197,"gmtModify":1704179110026,"author":{"id":"3570434144752062","authorId":"3570434144752062","authorIdStr":"3570434144752062","name":"Yhlim","avatar":"https://static.tigerbbs.com/9b57fd81ec2f943dd0c5ef901fdd1b67","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570434144752062"},"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132875875","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465587,"gmtCreate":1622082447714,"gmtModify":1680791250643,"authorId":3582012803278187,"author":{"id":3582012803278187,"authorId":3582012803278187,"name":"Royce333","avatar":"https://static.tigerbbs.com/8e8f380d16068c756ab6408555011ec4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132875875,"type":1,"supId":0,"prevId":0,"content":"Comment like ","text":"Comment like ","html":"Comment like "}],"langContent":"EN"},{"id":132875977,"gmtCreate":1622082424599,"gmtModify":1704179109513,"author":{"id":"3575089004877168","authorId":"3575089004877168","authorIdStr":"3575089004877168","name":"Yonglii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575089004877168"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/132875977","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465595,"gmtCreate":1622082482257,"gmtModify":1680791252144,"authorId":3574856544266439,"author":{"id":3574856544266439,"authorId":3574856544266439,"name":"geniet","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132875977,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"},{"id":4465602,"gmtCreate":1622082531326,"gmtModify":1680791252079,"authorId":3575089004877168,"author":{"id":3575089004877168,"authorId":3575089004877168,"name":"Yonglii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132875977,"type":1,"supId":4465595,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":132876390,"gmtCreate":1622082305810,"gmtModify":1704179107184,"author":{"id":"3581899004532615","authorId":"3581899004532615","authorIdStr":"3581899004532615","name":"YihRu","avatar":"https://static.tigerbbs.com/38b310768dd63c2f42ce6753de669435","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581899004532615"},"htmlText":"Pls like n comment&nbsp;","listText":"Pls like n comment&nbsp;","text":"Pls like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132876390","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465586,"gmtCreate":1622082446183,"gmtModify":1680791252322,"authorId":3567000750441814,"author":{"id":3567000750441814,"authorId":3567000750441814,"name":"Gankl","avatar":"https://static.tigerbbs.com/130aaa22ea9d4a3626b320dcd8401ea3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132876390,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":132878565,"gmtCreate":1622082276557,"gmtModify":1704179106504,"author":{"id":"3570010307518897","authorId":"3570010307518897","authorIdStr":"3570010307518897","name":"ackk","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3570010307518897"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132878565","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465563,"gmtCreate":1622082311329,"gmtModify":1680791247279,"authorId":3583841475339760,"author":{"id":3583841475339760,"authorId":3583841475339760,"name":"jerminos","avatar":"https://static.tigerbbs.com/4b6b79d65a5ecd18fecf889c39f99b14","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132878565,"type":1,"supId":0,"prevId":0,"content":"Done! Please comment too ;)","text":"Done! Please comment too ;)","html":"Done! Please comment too ;)"}],"langContent":"EN"},{"id":132878060,"gmtCreate":1622082202250,"gmtModify":1704179105620,"author":{"id":"3574420432302365","authorId":"3574420432302365","authorIdStr":"3574420432302365","name":"CPY91","avatar":"https://static.tigerbbs.com/63f51e88b6608b2272f3a641e3d849a0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574420432302365"},"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/132878060","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4475323,"gmtCreate":1622156273447,"gmtModify":1680791422303,"authorId":3576884869412058,"author":{"id":3576884869412058,"authorId":3576884869412058,"name":"向上学习","avatar":"https://static.tigerbbs.com/a70af8809a95756364cc82fcfde2f404","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132878060,"type":1,"supId":0,"prevId":0,"content":"[微笑] [微笑]","text":"[微笑] [微笑]","html":"[微笑] [微笑]"},{"id":4465553,"gmtCreate":1622082242221,"gmtModify":1680791244288,"authorId":3577537700480609,"author":{"id":3577537700480609,"authorId":3577537700480609,"name":"William_Ong","avatar":"https://static.tigerbbs.com/ee606cb5c0ab279a8bf6598ffe32d23c","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.54%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132878060,"type":1,"supId":0,"prevId":0,"content":"Cool","text":"Cool","html":"Cool"}],"langContent":"CN"},{"id":132871878,"gmtCreate":1622082170894,"gmtModify":1704179105100,"author":{"id":"3581995419528848","authorId":"3581995419528848","authorIdStr":"3581995419528848","name":"oqh","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581995419528848"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132871878","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465559,"gmtCreate":1622082268775,"gmtModify":1680791246272,"authorId":3574889845267160,"author":{"id":3574889845267160,"authorId":3574889845267160,"name":"Lunchenmeat","avatar":"https://static.tigerbbs.com/acd5a0ac49c26186e6eb58c8fb6d7c34","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132871878,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":132879663,"gmtCreate":1622082076452,"gmtModify":1704179102602,"author":{"id":"3554971279962368","authorId":"3554971279962368","authorIdStr":"3554971279962368","name":"shaunlohloh","avatar":"https://static.tigerbbs.com/d9417d251e570e152139797ec05b5914","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3554971279962368"},"htmlText":"2 things you need to do today: Like and Comment","listText":"2 things you need to do today: Like and Comment","text":"2 things you need to do today: Like and Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132879663","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465530,"gmtCreate":1622082104830,"gmtModify":1680791248338,"authorId":3573369466096628,"author":{"id":3573369466096628,"authorId":3573369466096628,"name":"calebxiong","avatar":"https://static.tigerbbs.com/08d48582a3126a51d85cbec3a72f9923","vip":1,"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132879663,"type":1,"supId":0,"prevId":0,"content":"done. comment back pls. thanks!","text":"done. comment back pls. thanks!","html":"done. comment back pls. thanks!"}],"langContent":"EN"},{"id":132870950,"gmtCreate":1622082020470,"gmtModify":1704179100983,"author":{"id":"3567652695695694","authorId":"3567652695695694","authorIdStr":"3567652695695694","name":"Fionfion82","avatar":"https://static.tigerbbs.com/22ca6345985b52ec868cac92aafafdc1","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3567652695695694"},"htmlText":"Pls like and comment for me thanks ?&nbsp;","listText":"Pls like and comment for me thanks ?&nbsp;","text":"Pls like and comment for me thanks ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132870950","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4468712,"gmtCreate":1622101815900,"gmtModify":1680791304502,"authorId":3581588273839000,"author":{"id":3581588273839000,"authorId":3581588273839000,"name":"Huiz84","avatar":"https://static.tigerbbs.com/f08fa2ff19e67d46965d8a74d007f6b8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132870950,"type":1,"supId":0,"prevId":0,"content":"Commented\n<br>Pls help to rePly to my comment Thanks","text":"Commented\n<br>Pls help to rePly to my comment Thanks","html":"Commented\n<br>Pls help to rePly to my comment Thanks"}],"langContent":"EN"},{"id":132847878,"gmtCreate":1622081979694,"gmtModify":1704179100012,"author":{"id":"3583102796843762","authorId":"3583102796843762","authorIdStr":"3583102796843762","name":"Lawrence88","avatar":"https://static.tigerbbs.com/c41c8eaaa633222579542cff942fc801","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583102796843762"},"htmlText":"Thanks to like and comment back","listText":"Thanks to like and comment back","text":"Thanks to like and comment back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/132847878","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4472629,"gmtCreate":1622126159747,"gmtModify":1680791378070,"authorId":3583102796843762,"author":{"id":3583102796843762,"authorId":3583102796843762,"name":"Lawrence88","avatar":"https://static.tigerbbs.com/c41c8eaaa633222579542cff942fc801","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132847878,"type":1,"supId":4465539,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":4465539,"gmtCreate":1622082161619,"gmtModify":1680791249001,"authorId":3579931573579109,"author":{"id":3579931573579109,"authorId":3579931573579109,"name":"Kiranaar","avatar":"https://static.tigerbbs.com/fc9541e5ba792fc73edc7524c494929f","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132847878,"type":1,"supId":0,"prevId":0,"content":"done. pls comment <u>back</u>","text":"done. pls comment <u>back</u>","html":"done. pls comment <u>back</u>"}],"langContent":"EN"},{"id":132845762,"gmtCreate":1622081920456,"gmtModify":1704179098042,"author":{"id":"3578540042073632","authorId":"3578540042073632","authorIdStr":"3578540042073632","name":"Brandon2207","avatar":"https://static.tigerbbs.com/c0335fafe87a5d7a8728bb3763ba20dc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3578540042073632"},"htmlText":"Like and comment please&nbsp;","listText":"Like and comment please&nbsp;","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132845762","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465509,"gmtCreate":1622081968254,"gmtModify":1680791248775,"authorId":3574820858447165,"author":{"id":3574820858447165,"authorId":3574820858447165,"name":"kmlai","avatar":"https://static.tigerbbs.com/0e13c878a14a66e445280964c4d25652","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132845762,"type":1,"supId":0,"prevId":0,"content":"Please like and comment back thanks","text":"Please like and comment back thanks","html":"Please like and comment back thanks"}],"langContent":"EN"},{"id":132845639,"gmtCreate":1622081905821,"gmtModify":1704179097391,"author":{"id":"3582072891665879","authorId":"3582072891665879","authorIdStr":"3582072891665879","name":"Jimmyboy","avatar":"https://static.tigerbbs.com/cb9d5d497bceb3edaca216e9eeab3c22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582072891665879"},"htmlText":"Good information. Pls like and comment.","listText":"Good information. Pls like and comment.","text":"Good information. Pls like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132845639","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465503,"gmtCreate":1622081940428,"gmtModify":1680791248570,"authorId":3578540042073632,"author":{"id":3578540042073632,"authorId":3578540042073632,"name":"Brandon2207","avatar":"https://static.tigerbbs.com/c0335fafe87a5d7a8728bb3763ba20dc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132845639,"type":1,"supId":0,"prevId":0,"content":"Commwnt and like back please ","text":"Commwnt and like back please ","html":"Commwnt and like back please "}],"langContent":"EN"},{"id":132842693,"gmtCreate":1622081863612,"gmtModify":1704179097225,"author":{"id":"3563665942813728","authorId":"3563665942813728","authorIdStr":"3563665942813728","name":"Francis1977","avatar":"https://static.tigerbbs.com/f41e57e9c6370943666fc4df69655b8f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3563665942813728"},"htmlText":"Informative","listText":"Informative","text":"Informative","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132842693","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465499,"gmtCreate":1622081928755,"gmtModify":1680791252440,"authorId":3560402226461385,"author":{"id":3560402226461385,"authorId":3560402226461385,"name":"ericokh","avatar":"https://static.tigerbbs.com/4b5f2c2754be94d2d5444fafc4c7ccbc","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132842693,"type":1,"supId":0,"prevId":0,"content":"yup","text":"yup","html":"yup"}],"langContent":"EN"},{"id":132842991,"gmtCreate":1622081839013,"gmtModify":1704179095908,"author":{"id":"3560481430779928","authorId":"3560481430779928","authorIdStr":"3560481430779928","name":"Raymond杨","avatar":"https://static.tigerbbs.com/a0e904d9a1021ec74841e99e765cf608","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3560481430779928"},"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132842991","repostId":1174912010,"repostType":4,"repost":{"id":"1174912010","pubTimestamp":1622077907,"share":"https://ttm.financial/m/news/1174912010?lang=&edition=fundamental","pubTime":"2021-05-27 09:11","market":"hk","language":"en","title":"Five Things You Need to Know to Start Your Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1174912010","media":"Bloomberg","summary":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline ","content":"<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich&nbsp;are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.</p><p><b>Markets Lift</b></p><p>Asian stocks are set for asteady open&nbsp;after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&amp;P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders&nbsp;testified&nbsp;before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high.&nbsp;Bitcoin&nbsp;retreated back below $40,000.</p><p><b>Bubbling Away</b></p><p>China’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government&nbsp;vowed&nbsp;to tackle speculation in metals, revived the&nbsp;idea&nbsp;of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run&nbsp;up to&nbsp;the July 1 centenary of its founding.</p><p><b>Probe Ordered</b></p><p>The U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.</p><p><b>Destination Singapore</b></p><p>As the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore&nbsp;has become asafe harborfor some of the region’s wealthiest tycoons and their families&nbsp;who&nbsp;are staying for months, and in some cases seeking residency to ride out the storm.&nbsp;The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and&nbsp;real estate priceshave jumped the most since 2018. Global banks like&nbsp;UBS Group&nbsp;meanwhile are expanding in the city to manage the massive influx of assets.</p><p><b>What We’ve Been Reading</b></p><p><i>This is what’s caught our eye over the past 24 hours:</i></p><ul><li>Wall Street Bank CEOstake heatfrom Senate Banking Committee.</li><li>Amazon just bought MGM Film Studiofor $8.45 billion.</li><li>China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.</li><li>Samsung&nbsp;still a bargainin a red hot Korea market,&nbsp;hedge fund says.</li><li>A generation of Covid orphansis at risk of exploitation in India.</li><li>Shell just lost a climate case that&nbsp;may set a precedent for Big Oil.</li></ul><p>And finally, here's what Tracy's interested in today</p><p>It's never a good thing when a financial services company has to deny using phrenology. Lemonade,&nbsp;the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion,&nbsp;was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"</p><p>What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot&nbsp;(named&nbsp;“AI Jim”) handling&nbsp;\"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three&nbsp;seconds and with zero paperwork.</p><p><img src=\"https://static.tigerbbs.com/cb4e9c7b88e08e71d0cbe834b2307b72\" tg-width=\"600\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.</p><p>But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto&nbsp;discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</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\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","SPY":"标普500ETF",".DJI":"道琼斯","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-05-26/five-things-you-need-to-know-to-start-your-day-kp63ozy7?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174912010","content_text":"The U.S. says the period of “engagement” with China is over. Asia’s super-rich are making a beeline for Singapore. And China is struggling to maintain order in its financial markets. Here's what you need to know to start your day.Markets LiftAsian stocks are set for asteady open after gains in U.S. shares tied to the economic reopening from the pandemic. The dollar climbed with Treasury yields. Japanese, Australian and Hong Kong equity futures were little changed. In the U.S., small-caps surged, while energy producers and retailers helped the S&P 500 to a more modest increase. Banks advanced after the chief executives from the largest lenders testified before Congress. Oil was steady above $66 a barrel, while gold slipped from a four-month high. Bitcoin retreated back below $40,000.Bubbling AwayChina’s battle to maintain order in financial markets isgetting tougheras money floods into everything from commodities to housing and stocks. In May alone, the government vowed to tackle speculation in metals, revived the idea of a property tax, oversaw hikes in mortgage rates in some cities, banned the mining of cryptocurrencies and played down calls within the central bank for a stronger yuan. Authorities are zeroing in on the risks of assets overheating as they maintain a relatively loose monetary policy. Targeted intervention is likely to weigh on China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding.Probe OrderedThe U.S. Department of Justice isinvestigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Managementin March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm, according to people with knowledge of the matter, who asked not to be identified discussing the confidential probe. It’s unclear what potential violations or entities authorities are examining. Here’show Bill Hwang lost $20 billion in two days.Destination SingaporeAs the coronavirus pandemic hammers Southeast Asia and political turmoil threatens Hong Kong, Singapore has become asafe harborfor some of the region’s wealthiest tycoons and their families who are staying for months, and in some cases seeking residency to ride out the storm. The number of single family offices in the city-state has doubled since the end of 2019 to about 400, demand for private golf club memberships is soaring, and real estate priceshave jumped the most since 2018. Global banks like UBS Group meanwhile are expanding in the city to manage the massive influx of assets.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours:Wall Street Bank CEOstake heatfrom Senate Banking Committee.Amazon just bought MGM Film Studiofor $8.45 billion.China’s tech giants arespending billions to fuel growthafter Beijing’s crackdown.Samsung still a bargainin a red hot Korea market, hedge fund says.A generation of Covid orphansis at risk of exploitation in India.Shell just lost a climate case that may set a precedent for Big Oil.And finally, here's what Tracy's interested in todayIt's never a good thing when a financial services company has to deny using phrenology. Lemonade, the Softbank-backed insurance start-up that went public last year at avaluation of $2.9 billion, was forced to delete a Twitter thread after a huge outcry over how it described using artificial intelligence to help process insurance claims. \"Our AI carefully analyzes these videos for signs of fraud,\" the now-deleted tweet said. \"It can pick up non-verbal cues that traditional insurers can't, since they don't use a digital claims process.\" Inan online post, Lemonade quickly walked that idea back, saying that it never lets AI auto-reject claims. Instead, the post said, claims flagged by AI as potentially suspicious or problematic \"then get reviewed by our human investigators.\"What's fascinating here is the degree to which AI-powered due diligence and a streamlined claims process has been previously touted by Lemonade as a competitive advantage. In itsS-1 filingfrom last year, it talked about its claims bot (named “AI Jim”) handling \"the first notice of loss for 96% of claims as of March 31, 2020, and in approximately a third of cases can manage the entire claim through resolution without any human involvement.\" Five years ago, the company evenissued a press releasetouting the fact that AI Jim had processed a claim in three seconds and with zero paperwork.Presumably Softbank wouldn't be that interested in a stodgy insurance company without the promise of some sort of technological edge. Judging by the pop in Lemonade's shares last year, investors certainly seemed to love the whole idea of machine-learning AI to help make the insurance process more efficient.But ultimately, you can't really have it both ways. You can't play up a business model based on blackbox technology and the screening of \"non-verbal cues\" without expecting a heated discussion over de facto discrimination and redlining. Similarly, you can't justify a tech-sized valuation for a traditional financial service that's using AI around the edges.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":144,"commentSize":144,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}