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- ReiaReia
  ·2021-05-08
  I hope it goes beyond and above
  Elon Musk on SNL Spurs Dogecoin Watch Parties After 20,000% Gains
  The late-night comedy show has become a potentially market-moving event for the joke cryptocurrency
  Elon Musk on SNL Spurs Dogecoin Watch Parties After 20,000% Gains
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- ReiaReia
  ·2021-05-08
  Hmm
  Tencent Unit Told to Pay Gree $92.2 Million in ‘Freemium’ Case
  Japan’s Gree wins patent trial against Supercell in TexasCase is second trial won by Gree over popul
  Tencent Unit Told to Pay Gree $92.2 Million in ‘Freemium’ Case
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- ReiaReia
  ·2021-05-06
  Please like and comment. Thanks!
  This Day In Market History: Panic Of 1893 Crashes Stock Market
  What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the
  This Day In Market History: Panic Of 1893 Crashes Stock Market
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Crypto volatility hasprompted urgent warningsfrom central bankers — asrecently as Thursday— that people buying in should be prepared to lose all of their money.</p><p>Undeterred, Cortez will have a taco bar, music and a bartender on hand at her house for a group of about 10 friends watching Musk’s performance.</p><p>Her enthusiasm is part of the mania over Dogecoin, which has emerged from its genesis as a cryptocurrency that wascoded on a whim&nbsp;to delivering astonishing profits for&nbsp;some traders.</p><p>Consider the case of&nbsp;Ramy Bekhiet, a 27-year-old engineer from Ewing, New Jersey. Last year, he&nbsp;plonked down about $750 to buy&nbsp;250,000 Dogecoins when it was trading at&nbsp;$0.003 —&nbsp;that’s not a typo. Yes, a fraction of a cent. As of Friday evening, the cryptocurrency was trading at about 70 cents per coin, making Bekhiet’s investment worth about $175,000.</p><p>Prices have soared an astounding 12,000% this year and about 30,000% since a low last July. The fact that Dogecoin traded&nbsp;at fractions of a penny was part of its appeal, making it seem fun, approachable and cheap — attracting fans ranging from ordinary investors to celebrities.</p><p>Read More:Crypto Pros Are Getting Tired of the&nbsp;Dogecoin Joke</p><p>Dogecoin’s market cap — the value of all the coins known to have been digitally minted —&nbsp;is now about $88 billion, up from $35 billion just last week.</p><p>Musk,a billionaire many times over,&nbsp;has been given at least some of the credit for the&nbsp;rally. The billionaire&nbsp;has long been a fan of the cryptocurrency, and he’s previously moved its price through tweets and other winks and nods. Indeed, some say Musk’s hosting&nbsp;gig is the reason behindDogecoin’s&nbsp;doubling&nbsp;over the past week.</p><p>Bekhiet says he wouldn’t be&nbsp;surprised if Dogecoin reaches 80 or 90 cents on Musk’s appearance,&nbsp;then plummets as people try to cash out. But he’s still wondering whether the spike will happen before or after the episode runs.</p><p>“People are pushing it to hit that mark,” Bekhiet said, adding a slogan associated with Dogecoin: “And power to the people.”</p><p>He’s invited about 30 people over to&nbsp;watch the show on a projector in his backyard, an&nbsp;allowable crowd under New Jersey Covid guidelines. Even though Bekhiet hasn’t yet been vaccinated, most of his guests will be, so he says he’s not worried.</p><p>Over whiskey, pizza and Chinese food, Bekhiet will be closely monitoring two computer&nbsp;screens, one set to the price of Dogecoin and the other on the broader crypto market. He expects his guests to be trading on their phones during the broadcast.</p><p>“We’re going to have our graphs up to see if what he says is actually affecting the market,” Bekhiet said. “And any time he says Doge, we’re taking a shot.”</p><p>Earlier this week, Musk&nbsp;was approached by paparazzi and autograph-seekers in New York City who pelted him with questions about whether he’d make Dogecoin jokes on the show.</p><p>Musk, who depending on the day is either the&nbsp;richest person on the planetor the second-richest after Jeff Bezos,&nbsp;didn’t give anything away. As he entered his car, one bystander shouted across the street, begging him to mention Dogecoin: “Say something on Twitter please!”</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>Elon Musk on SNL Spurs Dogecoin Watch Parties After 20,000% Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk on SNL Spurs Dogecoin Watch Parties After 20,000% Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 09:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-07/elon-musk-on-snl-live-has-dogecoin-doge-traders-planning-parties?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The late-night comedy show has become a potentially market-moving event for the joke cryptocurrency on a wild ride.They’ll be setting up taco bars, monitoring price movements on dedicated screens and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-07/elon-musk-on-snl-live-has-dogecoin-doge-traders-planning-parties?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2021-05-07/elon-musk-on-snl-live-has-dogecoin-doge-traders-planning-parties?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150235356","content_text":"The late-night comedy show has become a potentially market-moving event for the joke cryptocurrency on a wild ride.They’ll be setting up taco bars, monitoring price movements on dedicated screens and taking a drink every time someone says “doge.”Dogecoin traders around the world are organizing watch parties for Elon Musk’s appearance this weekend on “Saturday Night Live,” with their apps open in case theTesla Inc.chief and crypto booster’s comments move prices.“A lot of this depends on what Elon Musk does, what he says,” said Alma Cortez, 28, of Fresno, California. “Everyone is going to be on their phones, but at the same time trying to pay attention to see what’s moving, because you don’t want to lose.”Musk teased the action on early Friday evening in a tweet with a picture of himself and the two other SNL guest stars — The Kid Laroi and Miley Cyrus — with Dogecoin’s mascot, a Shibu Ina, photoshopped in. Shortly after, the price of the cryptocurrency rose to an all-time high of above 72 cents before falling slightly. Crypto volatility hasprompted urgent warningsfrom central bankers — asrecently as Thursday— that people buying in should be prepared to lose all of their money.Undeterred, Cortez will have a taco bar, music and a bartender on hand at her house for a group of about 10 friends watching Musk’s performance.Her enthusiasm is part of the mania over Dogecoin, which has emerged from its genesis as a cryptocurrency that wascoded on a whim to delivering astonishing profits for some traders.Consider the case of Ramy Bekhiet, a 27-year-old engineer from Ewing, New Jersey. Last year, he plonked down about $750 to buy 250,000 Dogecoins when it was trading at $0.003 — that’s not a typo. Yes, a fraction of a cent. As of Friday evening, the cryptocurrency was trading at about 70 cents per coin, making Bekhiet’s investment worth about $175,000.Prices have soared an astounding 12,000% this year and about 30,000% since a low last July. The fact that Dogecoin traded at fractions of a penny was part of its appeal, making it seem fun, approachable and cheap — attracting fans ranging from ordinary investors to celebrities.Read More:Crypto Pros Are Getting Tired of the Dogecoin JokeDogecoin’s market cap — the value of all the coins known to have been digitally minted — is now about $88 billion, up from $35 billion just last week.Musk,a billionaire many times over, has been given at least some of the credit for the rally. The billionaire has long been a fan of the cryptocurrency, and he’s previously moved its price through tweets and other winks and nods. Indeed, some say Musk’s hosting gig is the reason behindDogecoin’s doubling over the past week.Bekhiet says he wouldn’t be surprised if Dogecoin reaches 80 or 90 cents on Musk’s appearance, then plummets as people try to cash out. But he’s still wondering whether the spike will happen before or after the episode runs.“People are pushing it to hit that mark,” Bekhiet said, adding a slogan associated with Dogecoin: “And power to the people.”He’s invited about 30 people over to watch the show on a projector in his backyard, an allowable crowd under New Jersey Covid guidelines. Even though Bekhiet hasn’t yet been vaccinated, most of his guests will be, so he says he’s not worried.Over whiskey, pizza and Chinese food, Bekhiet will be closely monitoring two computer screens, one set to the price of Dogecoin and the other on the broader crypto market. He expects his guests to be trading on their phones during the broadcast.“We’re going to have our graphs up to see if what he says is actually affecting the market,” Bekhiet said. “And any time he says Doge, we’re taking a shot.”Earlier this week, Musk was approached by paparazzi and autograph-seekers in New York City who pelted him with questions about whether he’d make Dogecoin jokes on the show.Musk, who depending on the day is either the richest person on the planetor the second-richest after Jeff Bezos, didn’t give anything away. As he entered his car, one bystander shouted across the street, begging him to mention Dogecoin: “Say something on Twitter please!”","news_type":1},"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107627181,"gmtCreate":1620484375243,"gmtModify":1704344282200,"author":{"id":"3575892587319709","authorId":"3575892587319709","name":"Reia","avatar":"https://static.tigerbbs.com/c6bff5fdaeeee379632550dcf1bb0d83","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575892587319709","authorIdStr":"3575892587319709"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/107627181","repostId":"1109242767","repostType":2,"repost":{"id":"1109242767","pubTimestamp":1620439405,"share":"https://ttm.financial/m/news/1109242767?lang=&edition=fundamental","pubTime":"2021-05-08 10:03","market":"hk","language":"en","title":"Tencent Unit Told to Pay Gree $92.2 Million in ‘Freemium’ Case","url":"https://stock-news.laohu8.com/highlight/detail?id=1109242767","media":"Bloomberg","summary":"Japan’s Gree wins patent trial against Supercell in TexasCase is second trial won by Gree over popul","content":"<ul><li>Japan’s Gree wins patent trial against Supercell in Texas</li><li>Case is second trial won by Gree over popular online games</li></ul><p>Tencent Holdings Ltd.’s Supercell gaming unit was told to pay $92.2 million in damages to Japan’sGree Inc.in a patent trial over features used in popular online games.</p><p>Supercellgames infringed six patents, a federal jury in Marshall, Texas, found Friday. The verdict follows an $8.5 million win for Gree against Supercell in another patent trialheldin September. A third trial between the two is scheduled for later this year.</p><p>Thedisputeis over features in “freemium” games, a portmanteau of “free” and “premium,” that are free to download but make money by letting users buy virtual items or upgrade during the game. Gree was <a href=\"https://laohu8.com/S/AONE\">one</a> of thepioneersof the technique, also known as gacha.</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>Tencent Unit Told to Pay Gree $92.2 Million in ‘Freemium’ Case</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\">\nTencent Unit Told to Pay Gree $92.2 Million in ‘Freemium’ Case\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 10:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-07/tencent-unit-told-to-pay-gree-92-2-million-in-freemium-case-koetesr4?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Japan’s Gree wins patent trial against Supercell in TexasCase is second trial won by Gree over popular online gamesTencent Holdings Ltd.’s Supercell gaming unit was told to pay $92.2 million in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-07/tencent-unit-told-to-pay-gree-92-2-million-in-freemium-case-koetesr4?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","QNETCN":"纳斯达克中美互联网老虎指数","00700":"腾讯控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-05-07/tencent-unit-told-to-pay-gree-92-2-million-in-freemium-case-koetesr4?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109242767","content_text":"Japan’s Gree wins patent trial against Supercell in TexasCase is second trial won by Gree over popular online gamesTencent Holdings Ltd.’s Supercell gaming unit was told to pay $92.2 million in damages to Japan’sGree Inc.in a patent trial over features used in popular online games.Supercellgames infringed six patents, a federal jury in Marshall, Texas, found Friday. The verdict follows an $8.5 million win for Gree against Supercell in another patent trialheldin September. A third trial between the two is scheduled for later this year.Thedisputeis over features in “freemium” games, a portmanteau of “free” and “premium,” that are free to download but make money by letting users buy virtual items or upgrade during the game. Gree was one of thepioneersof the technique, also known as gacha.","news_type":1},"isVote":1,"tweetType":1,"viewCount":504,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102445608,"gmtCreate":1620238752504,"gmtModify":1704340631846,"author":{"id":"3575892587319709","authorId":"3575892587319709","name":"Reia","avatar":"https://static.tigerbbs.com/c6bff5fdaeeee379632550dcf1bb0d83","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575892587319709","authorIdStr":"3575892587319709"},"themes":[],"htmlText":"Please like and comment. Thanks!","listText":"Please like and comment. Thanks!","text":"Please like and comment. Thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/102445608","repostId":"1148686352","repostType":4,"repost":{"id":"1148686352","pubTimestamp":1620224535,"share":"https://ttm.financial/m/news/1148686352?lang=&edition=fundamental","pubTime":"2021-05-05 22:22","market":"us","language":"en","title":"This Day In Market History: Panic Of 1893 Crashes Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1148686352","media":"benzinga","summary":"What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the ","content":"<p><b>What Happened?</b>On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.</p>\n<p><b>Where The Market Was:</b>The Dow finished the day at 30.02.</p>\n<p><b>What Else Was Going On In The World?</b>In 1893, Thomas Edison completed the world’s first movie studio in West Orange, New Jersey. Lizzie Borden was acquitted of the ax murders of her father and stepmother. A fresh, one-pound beef steak cost 10 cents.</p>\n<p><b>Panic Of 1893:</b>On May 5, 1893, the Dow Jones Index dropped more than 24% from 39.90 to 30.02. It would mark the worst intraday sell-off in U.S. history at the time, a record that would stand until 1929.</p>\n<p>The&nbsp;Panic of 1893&nbsp;was triggered in part by falling gold reserves in the U.S. Treasury. At the time, the U.S. was on the gold standard, meaning U.S. dollars could be redeemed for physical gold. When Treasury gold reserves dropped from $190 million in 1890 to $100 million by 1893, Americans grew concerned that the Treasury might run out of gold and began withdrawing bank notes and converting them to gold, placing extreme strain on the U.S. banking industry and credit markets.</p>\n<p>The May 5 sell-off was triggered in part by the bankruptcy of Nation Cordage the day before.<b>General Electric Company</b>GE 0.34%shares dropped 28% on the day from $80 to $58.</p>\n<p>Fortunately for investors, the Panic of 1893 didn’t last for long. By the end of the day, the market nearly completely recovered its losses. GE, for example, closed the session at $78.50.</p>\n<p>The Panic of 1893 would ravage the U.S. economy, triggering a severe four-year depression. Roughly 14,000 U.S. businesses closed, and unemployment rose to 20%. The event would mark the worst economic downturn in U.S. history until the Great Depression began in 1929.</p>","source":"lsy1606299360108","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>This Day In Market History: Panic Of 1893 Crashes Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Day In Market History: Panic Of 1893 Crashes Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.\nWhere The Market Was:The Dow finished the day at 30.02.\nWhat Else Was Going On In The World?In...</p>\n\n<a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148686352","content_text":"What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.\nWhere The Market Was:The Dow finished the day at 30.02.\nWhat Else Was Going On In The World?In 1893, Thomas Edison completed the world’s first movie studio in West Orange, New Jersey. Lizzie Borden was acquitted of the ax murders of her father and stepmother. A fresh, one-pound beef steak cost 10 cents.\nPanic Of 1893:On May 5, 1893, the Dow Jones Index dropped more than 24% from 39.90 to 30.02. It would mark the worst intraday sell-off in U.S. history at the time, a record that would stand until 1929.\nThe Panic of 1893 was triggered in part by falling gold reserves in the U.S. Treasury. At the time, the U.S. was on the gold standard, meaning U.S. dollars could be redeemed for physical gold. When Treasury gold reserves dropped from $190 million in 1890 to $100 million by 1893, Americans grew concerned that the Treasury might run out of gold and began withdrawing bank notes and converting them to gold, placing extreme strain on the U.S. banking industry and credit markets.\nThe May 5 sell-off was triggered in part by the bankruptcy of Nation Cordage the day before.General Electric CompanyGE 0.34%shares dropped 28% on the day from $80 to $58.\nFortunately for investors, the Panic of 1893 didn’t last for long. By the end of the day, the market nearly completely recovered its losses. GE, for example, closed the session at $78.50.\nThe Panic of 1893 would ravage the U.S. economy, triggering a severe four-year depression. Roughly 14,000 U.S. businesses closed, and unemployment rose to 20%. The event would mark the worst economic downturn in U.S. history until the Great Depression began in 1929.","news_type":1},"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}